Best Performing Equity Mutual Funds for April 2026

Equity mutual funds continue to be a preferred choice for investors aiming to build long-term wealth. Their performance, however, often fluctuates across market cycles, making it important to evaluate consistency over time. One of the most effective ways to assess this is by analyzing CAGR (Compound Annual Growth Rate) across different periods such as 3-year, 5-year, and 10-year horizons.

This approach helps investors identify funds that have demonstrated strong performance not just in the short term, but also across medium and long-term market conditions. Below is an overview of some of the best-performing equity mutual funds for April 2026.

Best Performing Equity Mutual Funds Based on 5-Year CAGR

1. SBI Mutual Fund PSU Fund

The SBI Mutual Fund PSU Fund is a thematic equity scheme that primarily focuses on companies with significant government ownership. The fund invests at least 80% of its assets in Public Sector Undertakings (PSUs), aiming to generate long-term capital appreciation.

By early 2026, the fund had built a strong asset base of over ₹6,500 crore and consistently ranked among top performers in its category, driven by robust returns from PSU stocks.

Key Metrics:

• NAV: Approximately ₹33.68 – ₹37.48 (varies by plan)
• Expense Ratio: Around 0.8% – 1.8% (lower for direct plans)
• Exit Load: 0.50% if redeemed within 30 day

2. Aditya Birla Sun Life PSU Equity Fund

The Aditya Birla Sun Life PSU Equity Fund is an open-ended thematic fund that invests in equities and related instruments of public sector companies. Its primary objective is long-term capital growth through PSU-focused investments.

While the fund has delivered competitive returns, it is important to note that, like all equity funds, performance is subject to market risks and is not guaranteed.

Key Metrics:

• Latest NAV: ₹34.12 (as of April 7, 2026)
• AUM: ₹6,085.65 crore (as of February 28, 2026)
• Exit Load: 1% on redemption

3. Invesco India PSU Equity Fund

The Invesco India PSU Equity Fund is another thematic scheme focused on public sector undertakings. It aims to achieve long-term capital appreciation by investing predominantly in PSU stocks.

The fund has shown strong recent performance, although its concentrated exposure to PSUs makes it relatively volatile. It is generally better suited for investors with a higher risk appetite. The portfolio typically maintains around 98% allocation to equities, with significant exposure to sectors such as banking, defence, and power.

Key Metrics:

• AUM: Around ₹1,510 crore (as of April 2026)
• Expense Ratio: Approximately 2.12% – 2.14%
• Exit Load: 1% if redeemed within one year (for units exceeding 10% of investment)

Conclusion

Analyzing fund performance across different time horizons reveals how various investment strategies perform under changing market conditions. While sectoral and thematic funds have recently delivered strong returns, long-term consistency remains key to wealth creation.

Investors should carefully evaluate their risk tolerance, diversification strategy, and financial goals before choosing mutual funds. Staying invested with a disciplined approach often plays a crucial role in achieving long-term success.

Disclaimer – The fund’s investment objective, asset allocation, and risk profile are as described in the scheme offer documents, and investor shall read carefully before investing. All information has been obtained from sources believed to be reliable; however, no guarantee, warranty, or representation is made regarding its accuracy, completeness, or adequacy. Portfolio construction, execution strategies, and the use of permitted instruments are based on prevailing market conditions and subject to SEBI Mutual Funds regulations. Any income distributions are subject to applicable tax laws, which may change from time to time. Investors should consult their financial and tax advisors regarding applicable laws, investment horizon, and suitability of the Scheme.