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  • Top 10 Mutual Funds in India 2018

  • Top 10 Mutual Funds
    Top 10 Mutual Funds

    We have summarised the top funds by picking one from each of the categories, so as to suit the risk appetite and investment goals of most of the investors.

    • ICICI Prudential Focused Bluechip Equity Fund
    • Aditya Birla Sun Life Small & Midcap Fund
    • Tata Equity PE Fund
    • HDFC Monthly Income Plan – MTP
    • L&T Tax Advantage Fund
    • SBI Nifty Index Fund
    • Kotak Corporate Bond Fund
    • Canara Robeco Gilt PGS
    • DSP BlackRock Balanced Fund
    • Axis Liquid Fund

    Mutual Funds are professionally managed investment schemes. They represent a pool of funds that are professionally managed by expert Mutual Fund managers. The fund managers keep a record of the performance and growth of these funds and make required alterations so that the funds perform well and the investors receive the best possible returns.

    Mutual Funds are controlled by an Asset Management Company (AMC) that collects funds from a group of investors and invest these funds in bonds, stocks, and securities. When you purchase units of a Mutual Fund, these units denote the holdings of your share in a certain fund scheme. You can purchase or even redeem a Mutual Fund at the prevailing Net Asset Value (NAV).

    We have elaborated on the best-performing schemes based on categories in the sections below. More often than not, schemes from a specific category will perform the best each season. This could confuse a novice investor and bring about doubts on whether his/her investments were made in the most suitable funds.

    Different types of Mutual Funds:

    • Debt funds: A debt fund is a type of Mutual Fund that invests in fixed-income securities. Under this fund, your money will be invested in short-term bonds, long-term bonds, securitised funds, floating rate debt, and money market instruments.
    • Equity funds: An equity fund is a type of Mutual Fund that invests money primarily in stocks. There are both actively or passively managed funds.
    • Equity linked savings schemes: This is an equity Mutual Fund that is close-funded in nature. It helps you save taxes and also helps you grow your wealth. You can enjoy tax deductions as per the Income Tax Act under Section 80C.
    • Diversified funds: This type of Mutual Fund allows you to invest your money in diverse sectors or industries. You can spread your investments across various industries in the market.
    • Gilt funds: These funds allocate money to securities that are offered by the state and central governments. These funds come without any default risk.
    • Index funds: Under this category of Mutual Funds, your money will be invested according to how a stock market index functions. The NAV for these funds will be closely follow the rise or fall in the index.
    • Liquid Mutual Funds: Liquid Mutual Funds are investment plans that will allocate funds primarily to money market instruments such as treasury bills, term deposits, certificate of deposits, commercial papers, etc. These funds come with a lower maturity period.
    • Debt-oriented hybrid funds: Under this category of Mutual Funds, your money will be primarily invested in debt and the remaining part will be invested in equity. It is a blend of both debt and equity investment.
    • Arbitrage funds: These funds are treated as equity plans for taxation purposes. These funds invest both in the cash market and the derivatives market.
    • Dynamic bond funds: Your money will be invested in debt and money-market instruments. The maturity of the fund will vary according to the investments that it makes.

    The number of Mutual Funds made available to the general public has increased significantly over the past few years. As a result, you now have an impressive number of options to choose from, and regardless of which category you wish to invest in, following are the top 10 Mutual Funds in various categories, as rated by CRISIL.

    Top 10 Large Cap Oriented Equity Funds (Regular)

    Fund Name 1-Year Returns 3-Year Returns
    Reliance Top 200 Fund 9.75% 14.26%
    Reliance Vision Fund 6.40% 7.67%
    HDFC Growth Fund 13.41% 12.74%
    ICICI Prudential Focused Bluechip Equity Fund 14.86% 12.12%
    Invesco India Dynamic Equity Fund 13.85% 11.63%
    Sundaram Select Focus 16.28% 11.17%
    ICICI Prudential Top 100 Fund 7.46% 10.78%
    UTI Top 100 Fund 9.03% 9.42%
    SBI Blue Chip Fund 12.09% 12.17%
    HSBC Equity Fund 13.39% 11.55%

    *Data accurate as on May 22, 2018

    Top 10 Mutual Funds

    Top 10 Large Cap Oriented Equity Schemes (Direct)

    Fund Name 1-Year Returns 3-Year Returns
    Kotak Select Focus Fund 11.02% 15.55%
    Invesco India Dynamic Equity Fund 15.57% 13.52%
    Reliance Top 200 Fund 13.47% 12.48%
    HDFC Growth Fund 14.18% 13.45%
    SBI Blue Chip Fund 13.38% 13.44%
    ICICI Prudential Focused Bluechip Equity Fund 16.02% 13.23%
    ICICI Prudential Top 100 Fund 8.85% 11.98%
    UTI Top 100 Fund 9.69% 10.02%
    Reliance Vision Fund 7.17% 8.40%
    HSBC Equity Fund 14.21% 12.35%

    *Data accurate as on May 22, 2018

    Top 10 Small and Mid-Equity Schemes (Regular)

    Fund Name 1-Year Returns 3-Year Returns
    L&T Emerging Businesses Fund 21.25% 26.49%
    Reliance Small Cap Fund 20.50% 24.37%
    HDFC Small Cap Fund 27.39% 22.75%
    Aditya Birla Sun Life Small & Midcap Fund 11.65% 21.12%
    Mirae Asset Emerging Bluechip Fund 10.46% 20.02%
    L&T Midcap Fund 13.99% 19.92%
    Aditya Birla Sun Life Pure Value Fund 14.44% 19.35%
    DSP BlackRock Micro Cap Fund 5.47% 18.35%
    IDFC Sterling Equity Fund 18.22% 16.15%
    Canara Robeco Emerging Equities 11.28% 18.54%

    *Data accurate as on May 22, 2018

    Top 10 Small and Mid-Equity Schemes (Direct)

    Fund Name 1-Year Returns 3-Year Returns
    L&T Emerging Businesses Fund 22.27% 27.42%
    Reliance Small Cap Fund 22.04% 25.75%
    HDFC Small Cap Fund 29.00% 24.30%
    Aditya Birla Sun Life Small & Midcap Fund 13.07% 22.34%
    Mirae Asset Emerging Bluechip Fund 11.28% 20.99%
    L&T Midcap Fund 15.00% 20.94%
    Aditya Birla Sun Life Pure Value Fund 15.91% 20.62%
    Franklin India Smaller Companies Fund 14.06% 18.70%
    IDFC Sterling Equity Fund 19.61% 17.25%
    Canara Robeco Emerging Equities 12.81% 19.93%

    *Data accurate as on May 22, 2018

    Top 10 Diversified Equity Schemes

    Fund Name 1-Year Returns 3-Year Returns
    Sundaram Rural and Consumption Fund 8.86% 20.01%
    Principal Emerging Bluechip Fund 15.20% 17.66%
    Tata Equity PE Fund 14.29% 17.60%
    Principal Growth Fund 14.73% 16.20%
    IDFC Focused Equity Fund 20.13% 13.18%
    Motilal Oswal MOSt Focused Multicap 35 Fund 12.87% 17.39%
    Invesco India Contra Fund 22.35% 16.99%
    Axis Focused 25 Fund 19.16% 16.79%
    DSP BlackRock Opportunities Fund 11.56% 15.30%
    Aditya Birla Sun Life India GenNext Fund 13.16% 15.10%

    *Data accurate as on May 22, 2018

    Top 10 Thematic – Infrastructure Funds (Regular)

    Fund Name 1-Year Returns 3-Year Returns
    DSP BlackRock Natural Resources and New Energy Fund 13.54% 23.34%
    L&T Infrastructure Fund 14.81% 17.97%
    IDFC Infrastructure Fund 11.87% 16.19%
    JM Basic Fund 10.22% 15.50%
    Sundaram Infrastructure Advantage Fund 10.92% 13.40%
    Reliance Diversified Power Sector Fund 8.98% 16.29%
    Kotak Infrastructure and Economic Reform Fund 6.08% 12.94%
    DSP BlackRock India T.I.G.E.R Fund 8.28% 12.64%
    SBI Infrastructure Fund 11.57% 12.00%
    Franklin Build India Fund 6.42% 11.82%

    *Data accurate as on May 22, 2018

    Top 10 Equity Linked Saving Schemes

    Fund Name 1-Year Returns 3-Year Returns
    Principal Tax Saving Fund 14.68% 16.13%
    IDFC Tax Advantage (ELSS) Fund 20.99% 14.27%
    L&T Tax Advantage Fund 14.95% 15.96%
    Tata India Tax Savings Fund 13.31% 15.67%
    Aditya Birla Sun Life Tax Relief 96 18.86% 14.64%
    Aditya Birla Sun Life Tax Plan 18.58% 14.17%
    DSP BlackRock Tax Saver Fund 9.68% 14.44%
    HDFC Long Term Advantage Fund 13.84% 14.13%
    Invesco India Tax Plan 18.32% 13.65%
    Sundaram Diversified Equity 8.72% 13.59%

    *Data accurate as on May 22, 2018

    Top 10 Index Funds

    Fund Name 1-Year Returns 3-Year Returns
    UTI Nifty Index Fund 16.19% 10.60%
    HDFC Index Fund – Sensex Plan 18.73% 10.63%
    HDFC Index Fund – Nifty Plan 16.20% 10.60%
    SBI Nifty Index Fund 15.88% 10.39%
    Reliance Index Fund – Nifty Plan 15.85% 10.12%
    IDBI Nifty Index Fund 15.26% 10.08%
    Franklin India Index Fund – NSE Nifty Plan 15.07% 10.06%
    ICICI Prudential Nifty Index Fund 15.45% 10.29%
    Aditya Birla Sun Life Index Fund 14.90% 9.66%
    Kotak Nifty ETF 13.8% 19.9%

    *Data accurate as on May 22, 2018

    Top 10 Short Term Debt Funds

    Fund Name 1-Year Returns
    Kotak Corporate Bond Fund 6.60%
    Aditya Birla Sun Life Floating Rate Fund – LT 6.58%
    HDFC Short Term Opportunities Fund 5.99%
    UTI – Banking & PSU Debt Fund 5.89%
    Aditya Birla Sun Life Short Term Fund 5.83%
    ICICI Prudential Ultra Short Term Plan 5.63%
    IDFC Corporate Bond Fund 5.54%
    L&T Short Term Opportunities Fund 5.36%
    Reliance Banking and PSU Debt Fund 5.27%
    IDFC Super Saver Income Fund – Short Term 5.09%

    *Data accurate as on May 22, 2018

    Top 10 Credit Opportunities Funds

    Fund Name 1-Year Returns
    Franklin India Low Duration Fund 7.63%
    L&T Short Term Income Fund 6.61%
    BOI AXA Corporate Credit Spectrum 8.49%
    Franklin India Short Term Income Plan 7.41%
    Franklin India Income Opportunities Fund 7.40%
    Axis Regular Savings Fund 6.42%
    HDFC Regular Savings Fund 5.59%
    Franklin India Corporate Bond Opportunities Fund 7.10%
    Franklin India Dynamic Accrual Fund 7.00%
    Franklin India Income Builder Account 6.56%

    *Data accurate as on May 22, 2018

    Top 10 Gilt Funds

    Fund Name 1-Year Returns 3-Year Returns
    Reliance Gilt Securities Fund – Growth 2.79% 8.14%
    SBI Magnum Gilt Fund – Long Term 2.03% 7.90%
    ICICI Prudential Gilt – Investment – PF Option 4.55% 8.57%
    Canara Robeco Gilt PGS 1.34% 8.06%
    UTI Gilt Advantage Fund – Long Term 2.26% 7.99%
    Aditya Birla Sun Life Gilt Plus – PF Plan 2.20% 7.97%
    ICICI Prudential Long Term Gilt Fund 4.59% 8.16%
    HDFC Gilt Fund – Long Term Plan 2.49% 7.17%
    DHFL Pramerica Gilt Fund 3.34% 7.10%
    Edelweiss Government Securities Fund 4.09% 7.05%

    *Data accurate as on May 22, 2018

    Top 10 Income Funds

    Fund Name 1-Year Returns 3-Year Returns
    ICICI Prudential Long Term Plan 5.49% 9.03%
    Kotak Flexi Debt 4.83% 8.50%
    Aditya Birla Sun Life Treasury Optimizer Plan 5.57% 8.20%
    UTI – Dynamic Bond Fund 3.65% 8.28%
    ICICI Prudential Dynamic Bond Fund 3.82% 8.01%
    DHFL Pramerica Medium Term Income Fund 4.65% 8.00%
    SBI Magnum Income Fund 3.72% 7.86%

    *Data accurate as on May 22, 2018

    Top 10 Balanced (Hybrid) Funds

    Fund Name 1-Year Returns 3-Year Returns
    HDFC Balanced Fund 10.72% 12.18%
    Reliance Regular Savings Fund – Balanced 12.72% 12.40%
    ICICI Prudential Balanced Fund 9.91% 12.15%
    DSP BlackRock Balanced Fund 7.28% 11.85%
    L&T India Prudence Fund 10.14% 12.12%
    Aditya Birla Sun Life Balanced 95 Fund 8.62% 11.40%
    Canara Robeco Balance 9.62% 10.98%
    UTI Balanced Fund 8.15% 10.78%
    HDFC Prudence Fund 4.87% 10.69%
    SBI Magnum Balanced Fund 13.06% 10.18%

    *Data accurate as on May 22, 2018

    Top 10 Aggressive MIP Funds

    Fund Name 1-Year Returns 3-Year Returns
    Aditya Birla Sun Life MIP II – Wealth 25 Plan 4.35% 9.85%
    BOI AXA Regular Return Fund 7.82% 9.00%
    ICICI Prudential MIP 25 7.80% 9.66%
    Kotak Monthly Income Plan 4.48% 8.69%
    Sundaram Monthly Income Plan – Aggressive 5.74% 8.60%
    UTI MIS Advantage Plan 7.80% 8.87%
    DSP BlackRock MIP Fund 5.23% 8.27%
    HDFC Monthly Income Plan – MTP 2.16% 7.92%
    IDFC Monthly Income Plan 2.86% 7.20%
    HDFC Monthly Income Plan – STP 3.01% 6.86%

    *Data accurate as on May 22, 2018

    Top 10 Ultra Short Term Funds

    Fund Name 1-Year Returns
    L&T Ultra Short Term Fund 6.63%
    UTI Treasury Advantage Fund 6.53%
    SBI Ultra Short Term Debt Fund 6.42%
    Motilal Oswal MOSt Ultra Short Term Bond Fund 5.62%
    DHFL Pramerica Ultra Short Term Fund 6.77%
    Indiabulls Ultra Short Term Fund 6.69%
    Tata Ultra Short Term Fund 6.59%
    Kotak Treasury Advantage Fund 6.57%
    JM Money Manager Fund – Super Plus 6.44%
    DHFL Pramerica Short Term Floating Rate Fund 6.38%

    *Data accurate as on May 22, 2018

    Top 10 Liquid Funds

    Fund Name 1-Year Returns
    Indiabulls Liquid Fund 6.82%
    DSP BlackRock Liquidity Fund 6.77%
    Reliance Liquidity Fund 6.72%
    Axis Liquid Fund 6.86%
    BARODA PIONEER Liquid Fund 6.83%
    UTI Liquid Cash Plan 6.82%
    Invesco India Liquid Fund 6.81%
    ICICI Prudential Liquid Plan 6.78%
    Sundaram Money Fund 6.75%
    HDFC Liquid Fund 6.62%

    *Data accurate as on May 22, 2018

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      8 October 2018

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