101 equity mutual funds doubled money in 5 years; 4 did it in just 3. Should you invest now?

101 out of 310 equity mutual fund schemes with five-year track records doubled investor money, with ICICI Prudential Infrastructure Fund topping at 188% absolute returns, followed by SBI PSU Fund and LIC MF Infrastructure Fund at 183% each. However, recent two-year returns have weakened sharply, with several five-year leaders gaining under 6%, suggesting much of the thematic rally has already played out. Experts advise caution, noting sector themes move in cycles, though healthcare and infrastructure may retain healthy earnings-growth potential over the next two to three years.