Best Performing Mutual Funds

Mutual funds are very popular among financial enthusiasts these days as they help in enhancing and building their wealth extensively. A mutual fund is an investment scheme that is professionally managed and it is coordinated by an asset management company (AMC). The AMC brings several individuals together and helps them in investing their funds in a wide range of securities such as bonds, stocks, etc. People with minimal and high financial knowledge are increasingly investing their money in mutual funds.

When we discuss a mutual fund’s performance, we need to understand that it is always expressed according to its overall returns. This refers to the aggregate of the change in the net asset value (NAV) of a mutual fund, its capital gains distributions, and its dividends. This is assessed over a fixed period of time.

Top 10 Mutual Funds
Top 10 Mutual Funds

We have compiled a list of the best performing mutual funds in India according to different categories of mutual funds. This will help you get a clear understanding of the performance of each type of fund. Accordingly, you can select a fund to invest your money in.

Top Performing Equity Funds

As on 26 November 2018, below are the top 10 Equity Funds in each category:

Top 10 Equity-Linked Savings Scheme

Name of the Scheme NAV 1-Year Return (%) 3-Years Return (%)

Quant Tax Plan - Direct - Growth

90.7329

-3.55

15.17

Quant Tax Plan - Growth

89.4499

-4.09

14.91

Motilal Oswal Long Term Equity Fund - Direct - Growth

16.8799

-5.66

14.30

SBI Tax Advantage Series II - Growth

33.2536

-9.30

13.87

HDFC LT Advantage - Direct - Growth

343.0420

-2.73

13.77

JM Tax Gain - Direct - Growth

16.6790

-4.14

13.62

L&T Tax Adv - Direct - Growth

54.8210

-4.22

13.28

Aditya Birla Sun Life Tax Relief 96 - Direct - Growth

31.3900

1.94

13.28

IDFC Tax Advantage (ELSS) Direct - Growth

56.3500

-5.43

13.27

Principal Tax Savings Fund - Direct

203.6800

-7.81

13.02

Top 10 Large Cap Funds

Name of the Scheme NAV 1-Year Return (%) 3-Years Return (%)

JM Core 11 - Direct - Growth

8.7656

-5.52

15.46

JM Core 11 - Growth

8.1976

-6.36

13.98

Reliance Large Cap - Direct - Growth

34.1882

0.89

12.84

ICICI Pru Nifty Next 50 Index - Direct - Growth

24.7265

-8.14

12.67

ICICI Prudential Bluechip Fund - Direct - Growth

41.6700

0.07

12.60

ICICI Pru Bluechip Inst I - Growth

43.4400

0.07

12.60

Axis Bluechip - Direct - Growth

27.7400

6.77

12.55

ICICI Pru Value Series 5 - Direct - Growth

15.4700

-0.32

12.52

IDBI Nifty Junior Index - Direct - Growth

21.6268

-8.28

12.45

Canara Robeco Bluechip Equity Fund - Direct - Growth

24.0300

3.58

11.76

Top 10 Mid Cap Funds

Name of the Scheme NAV 1-Year Return (%) 3-Years Return (%)

L&T Midcap - Direct - Growth

136.0900

-9.99

14.42

L&T Midcap Fund - Growth

129.7500

-10.77

13.45

Invesco India Mid Cap Fund - Direct - Growth

50.9700

-2.17

12.95

DSP Midcap - Direct - Growth

52.5460

-8.02

12.44

Kotak Emerging Equity - Direct - Growth

38.2200

-9.65

12.29

HDFC Mid Cap Opportunities - Direct - Growth

54.0590

-9.70

12.26

Axis Midcap - Direct - Growth

35.9800

3.69

11.59

DSP Midcap - Regular - Growth

50.6450

-8.74

11.53

Taurus Discovery (Midcap) - Direct - Growth

42.1900

-6.37

11.22

Franklin India Prima - Direct - Growth

946.4908

-6.84

11.08

Top 10 Small Cap Funds

Name of the Scheme NAV 1-Year Return (%) 3-Years Return (%)

HDFC Small Cap Fund - Direct - Growth

44.5470

-1.02

17.99

L&T Emerging Businesses - Direct - Growth

25.1340

-9.91

17.92

L&T Emerging Businesses Fund - Growth

24.3010

-10.68

17.01

HDFC Small Cap Fund - Regular - Growth

41.8270

-2.48

16.46

Reliance Small Cap Fund - Direct - Growth

41.7170

-8.57

14.91

Reliance Small Cap Fund - Growth

39.4257

-9.67

13.59

Aditya Birla Sun Life Small Cap - Direct - Growth

35.2752

-20.24

11.38

Franklin India Smaller Companies - Direct - Growth

54.9930

-13.15

10.76

Aditya Birla Sun Life Small Cap - Growth

33.3714

-21.21

10.21

Kotak Small Cap - Direct - Growth

72.6310

-13.35

10.08

Top Performing Debt Funds

The best performing debt funds have been listed below:

Top 10 Dynamic Bond Fund

Name of the Scheme NAV 1-Year Return (%) 3-Years Return (%)

Franklin India Dynamic Accrual - Direct - Growth

66.8134

7.19

9.36

ICICI Pru All Seasons Bond - Direct - Growth

22.8945

4.95

9.27

Kotak Dynamic Bond Fund - Direct - Growth

23.9123

5.29

8.79

ICICI Pru All Seasons Bond Ret - Growth

42.3187

4.28

8.56

ICICI Pru All Seasons Bond Prem - Growth

22.0972

4.28

8.56

DHFL Pramerica Dynamic Bond - Direct - Growth

1786.1045

4.36

8.50

ICICI Pru All Seasons Bond - Growth

22.2256

4.18

8.49

JM Dynamic Debt - Direct - Growth

28.9631

7.84

8.42

Franklin India Dynamic Accrual - Growth

63.7463

6.20

8.38

Baroda Pioneer Dynamic Bond - Direct - Growth

17.7397

5.12

8.29

Top 10 Low Duration Fund

Name of the Scheme NAV 1-Year Return (%) 3-Years Return (%)

Franklin India Low Duration - Direct - Growth

21.3193

7.83

8.99

Franklin India Low Duration - Growth

20.9332

7.45

8.62

Kotak Low Duration - Direct - Growth

2294.9944

7.44

8.54

L&T Low Duration - Direct - Growth

19.7373

6.20

8.42

DHFL Pramerica Low Duration - Direct - Growth

25.5606

7.30

8.34

Baroda Pioneer Treasury Adv. - Direct - Growth

2153.2607

6.78

8.20

Aditya Birla Sun Life Low Duration - Direct - Growth

456.7751

7.27

8.07

L&T Low Duration - Growth

19.3728

5.72

8.02

LIC MF Savings - Direct - Growth

28.8959

7.17

7.95

ICICI Pru Savings - Direct - Growth

349.5800

6.79

7.85

Top 10 Short Duration Fund

Name of the Scheme NAV 1-Year Return (%) 3-Years Return (%)

Franklin India ST Income - Direct - Growth

4001.6538

7.37

8.76

Baroda Pioneer Short Term Bond - Direct - Growth

19.9056

6.97

8.62

Franklin India ST Income Inst - Growth

3152.0331

7.00

8.41

Indiabulls Short Term - Direct - Growth

1589.1344

7.21

8.26

DSP Short Term - Direct - Growth

31.6391

5.17

7.44

Aditya Birla Sun Life Short Term Opportunities - Direct - Growth

30.9248

5.78

8.26

ICICI Pru Short Term - Direct - Growth

38.7297

5.44

8.23

DHFL Pramerica Short maturity - Direct - Growth

34.3291

5.47

8.21

BOI AXA Short Term Income - Direct - Growth

20.6338

5.69

8.13

Franklin India ST Income Ret - Growth

3822.8746

6.59

7.99

Top performing Hybrid Funds

The best performing hybrid fund have been listed below:

Top 10 Dynamic Asset Allocation Funds

Name of the Scheme NAV 1-Year Return (%) 3-Years Return (%)

Aditya Birla Sun Life Balanced Advantage - Direct - Growth

53.1000

1.24

12.23

Aditya Birla Sun Life Balanced Advantage - Growth

50.4900

0.02

11.19

HDFC Balanced Advantage Fund - Direct - Growth

189.9900

-4.36

11.02

SBI Dynamic Asset Allocation - Direct - Growth

13.3366

10.18

10.51

Reliance Balanced Advantage - Direct - Growth

88.5379

1.26

10.42

HSBC Dynamic Asset Allocation - Direct - Growth

18.1626

0.79

10.26

ICICI Prudential Balanced Advantage - Direct - Growth

35.9000

2.92

10.07

HDFC Balanced Advantage - Growth

183.2820

-5.51

9.82

SBI Dynamic Asset Allocation - Regular - Growth

13.0024

8.73

9.73

Invesco India Dynamic Equity - Direct - Growth

29.3800

-3.51

9.71

Top 10 Multi-Asset Allocation Funds

Name of the Scheme NAV 1-Year Return (%) 3-Years Return (%)

ICICI Pru Multi Asset Inst - Growth

25.0960

-1.01

12.94

ICICI Pru Multi Asset - Direct - Growth

266.0936

-1.01

12.94

ICICI Pru Multi Asset - Growth

253.1990

-2.09

11.89

Aditya Birla Sun Life Financial Planning FoF Aggressive - Direct - Growth

22.2629

-1.80

10.10

HDFC Dynamic PE Ratio Fund of Funds - Direct - Growth

18.4463

-2.99

9.92

HSBC Managed Solutions India Moderate - Direct - Growth

16.2363

-2.46

9.53

Aditya Birla Sun Life Financial Planning FoF Aggressive - Growth

21.4360

-2.53

9.28

HSBC Managed Solutions India Moderate - Regular - Growth

16.0520

-2.70

9.26

Sundaram Multi Asset - Direct - Growth

16.6979

3.98

8.91

HDFC Dynamic PE Ratio Fund of Funds - Regular - Growth

17.5770

-3.88

8.89

Top 10 Sectoral Funds

As on 12 December 2017, the top sectoral funds are as follows:

Name of the Scheme Benchmark Index Scheme Returns (%)

3 Years

5 Years

DSPBR Natural Res & New Energy Fund - Regular

S&P BSE Metal

25.27

22.53

L&T Infrastructure Fund - Regular

Nifty Infra

22.24

22.96

IDFC Infrastructure - Regular

Nifty Infra

20.02

16.77

Invesco India Infrastructure Fund

Nifty Infra

12.54

19.65

Reliance Diver Power Sector Fund

S&P BSE Power

15.81

14.59

SBI Infrastructure Fund - Regular

Nifty Infra

15.52

14.46

Kotak Infra & Eco Reform Fund

S&P BSE 100

16.46

20.90

Aditya Birla Sun Life Infrastructure Fund

Nifty 50

14.20

19.44

SBI FMCG Fund - Regular

S&P BSE FMCG

16.09

17.79

Canara Robeco Infrastructure Fund - Regular

S&P BSE 100

15.62

18.39

Trending Mutual Funds Articles 2019

  • Types of Mutual Funds

    If you are reading this, you probably are interested in investing in mutual funds. Before you invest in one, the first thing you should know is the different types of mutual funds. Mutual funds can be classified on the basis of - structure, asset class, investment objective, speciality, and risk. Mutual funds when classified on the basis of structure can be open-ended and close-ended. When it is classified on the basis of asset class, it can be equity, debt, hybrid, or money market funds.

    Know more about the different types of mutual funds and identify the right one for yourself to invest on, here. Read More...

  • Top Equity Funds for SIP in 2019

    Wish to cultivate a disciplined approach to investing? A Systematic Investment Plan (SIP) is the best way to go about it. An SIP is one of the best tools that can help you accumulate wealth over time. With an SIP, you can become more disciplined in your savings and you can start an SIP for as low as Rs.500 a month. You also do not have to worry about timing the market and you benefit from the compounding effect. SIPs shield you from market risks and also comes with the benefit of stopping the SIP any time.

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  • Best Dividend Paying Mutual Funds

    Wish to invest in a mutual fund but do not wish to wait long to earn profits? Opt for dividend mutual funds. These funds offer annualised payouts to investors on a regular basis. These payouts are known as ‘dividends’ and they are the profits earned by the particular mutual fund scheme and are passed on to the shareholders. An investor with a low-risk appetite and who wish to receive frequent income can invest in dividend mutual funds.

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News About Mutual Funds

  • Mutual funds hold Rs.2,48,599 crore worth NBFCs issued debt papers

    The exposure of mutual funds to debt papers issued by Non-Banking Financial Companies (NBFCs) was recorded at approximately Rs.2,48,599 crore as on 31 August 2018. This data was revealed by the Finance Ministry on 21 December in its 16th Lok Sabha session. Corporate debentures and commercial papers (CPs) are also included in the list of debt papers issued by the NBFCs. The exposure to NBFCs by mutual funds is twice the number recorded during the same time in the year 2014. The data released by the Ministry of Finance further reveals that the exposure to CPs and corporate debt issued by NBFCs by debt mutual fund schemes has risen to 16.85% in August 2018 from 12.90% in August 2014.

    The entire NBFC segment has been triggered by the crisis in liquidity due to the defaulting of the IL&FS (Infrastructure Leasing & Financial Services) on a few payments causing anxiety among investors. The papers issued by NBFCs were unable to be serviced by the IL&FS and hence, the growing concern. At the moment, the IL&FS group is burdened by a debt of Rs.91,000 crore. The commercial papers of IL&FS had its short-term rating revised on 8 September 2018 by ICRA to ICRA A4. ICRA further downgraded the rating on 17 September to D.

    4 January 2019

  • Nifty 50 expected to have a flat opening, stocks of Karnataka Bank, Tata Motors, etc., in news

    The Nifty50 index rose by 47 points on 1 January to close at 10,910 and as per the trend observed in other Asian markets, it is expected to continue to have a flat opening. There is also an indication of a flat opening of the broader index where the SGX Nifty rose by 11 points or 0.11%. On the Singaporean Exchange, the Nifty futures were trading around the 10,934 level. The Indian rupee showed an appreciation of 34 paise to reach 69.43 against the US dollar.

    In the meantime, stocks of Karnataka Bank, a private sector lender was in news due to the revision in its MCLR (Marginal Cost Lending Ratio) by 0.15% to 9.10% for a tenure of 1 year. Stocks of Tata Motors, after cracking above 60% in 2018 also remains in the news after the company recorded a drop in its domestic sales by 8% to 50,440 units in December. In other news, 80 sets of tablets have been recalled by pharmaceutical company Aurobindo Pharma USA Inc. The tablets have been recalled due to the detection of an impurity in the drug.

    2 January 2019

  • SBI Mutual Funds launches their first AI-Powered Voice Assistant

    SBI Mutual Funds has recently launched their first artificial intelligence-powered voice assistant in collaboration with Google. It has been developed in alliance with AllinCall Research and Solutions Private Limited which is a startup based out of Mumbai.

    The public sector banking and financial services company has recently shared an official statement notifying that the voice assistant can be accessed through any smartphone or device that supports Google Assistant. The statement also added that the main aim of creating the bot is to assist investors with information related to multiple areas such as getting basic information related to a product, checking the status of KYC, using the SIP calculator, locating the nearest branch, retrieving account statements, receiving a call back from the customer care, and so on. SBI Mutual Funds is planning to develop the voice assistant in a way which will help the investors with portfolio valuations, transactions, and other value-added services. In this regards, it should be noted that SBI Mutual Fund had launched a virtual assistant or chatbot called YUVA last year. It was launched with the aim of adapting to the change in communication style.

    26 December 2018

  • HDFC Bank Raises Rs.1,500 Crore Through Bonds

    All-time lender of mortgage, HDFC Bank is believed to have successfully raised around Rs.1,500 crore only through the means of bond issuance. HDFC Bank, further, has done so on a private placement basis. It is the largest operating financial institution in the country at this time, with its stocks skyrocketing immensely and it being the best service provider of financial and banking resources.

    The ‘HDFC Series U-006 June 18, 2020’ has successfully managed to secure redeemable non-convertible debentures which will further be open for subscription from 17 December 2018 onwards. Furthermore, the report also expected it to close on the same day. HDFC Bank gave out this information in a regulatory filing recently. The Bank further said ‘The object of the issue is to augment the long-term resources of the corporation. The proceeds of the present issue would be utilised for financing/refinancing the housing finance business requirements of the corporation’.

    Furthermore, another report by HDFC Bank stated that only those individuals who especially have been intimated through the Bank’s effective communication shall be eligible for application of the bond issue. In similar news, it has also been reported that the said bonds currently have a coupon rate that stands at 8.80% per year (on a yearly/annual basis) and has further been set to mature in the year 2020, in the month of June. HDFC Bank stocks have closed at a percentage of 0.14% and stands at an amount of Rs.1,941.95 on the existing portal of Bombay Stock Exchange (BSE).

    21 December 2018

  • Overnight funds to be launched by fund houses for corporate investors

    Asset management companies (AMCs) are rushing to launch a category of debt mutual funds, known as overnight funds, following the defaulting of the IL&FS (Infrastructure Leasing & Financial Services). The IL&FS crisis had led to many corporate investors shifting their investments towards instruments that are more secure. New Fund Offers (NFOs) were launched by Aditya Birla Sun Life Mutual Fund and ICICI Prudential Mutual Fund in the month of October. Other fund houses such as IDFC MF, Reliance MF, DSP MF, and Kotak MF have submitted drafts for launching their NFOs to the Securities and Exchange Board of India (SEBI) and are waiting for its approval.

    On the other hand, inflows worth Rs.8,600 crore was experienced by overnight funds of UTI, HDFC, SBI, and L&T in October which is the second highest, after liquid funds, in the debt fund category. SBI received inflows of Rs.1,500 crore while HDFC recorded inflows of Rs.6,000 crore. Overnight funds are being launched by leading fund houses to encourage corporate investors to invest in them as they have low credit risk because they invest in instruments that have a 1 day maturity and also do not carry any duration risk.

    27 November 2018

  • New fund with a healthcare theme launched by DSP Mutual Fund

    With the belief that this is the right time to invest in the Indian healthcare sector, asset management firm, DSP Mutual Fund has launched a new scheme that will invest in the mentioned sector. The scheme will be known as the DSP Healthcare Fund and is an open-ended scheme that will allocate its investments in the healthcare and pharma sector. The fund will invest in equity and its related securities of firms in healthcare and pharmaceutical firms. Some portion of the investment will also be made in foreign securities.

    The NFO (New Fund Offer) will be open for subscription from 12 November 2018 to 26 November 2018. In terms of consumption, the Indian pharmaceutical market is expected to be among the top 3 in the world by the year 2030. The share of the healthcare sector in India’s GDP is predicted to grow from 1.2% to 2.5%. This growth will be driven by the focus of the healthcare segment in R&D and a reduction in the overheads. National health schemes such as Ayushman Bharat is also likely to spur growth in the healthcare segment.

    19 November 2018

  • 42% growth witnessed by SIPs of mutual funds in October

    Investments in mutual funds through the SIP (Systematic Investment Plan) route have managed to garner Rs.7,985 crore in the month of October which is an indication of a growth of 42% over the same period last year. This has been revealed by the Association of Mutual Funds in India in its recent publication. SIPs remain a preferred investment route for most retail investors due to which the inflows have continued to grow despite the volatility prevailing in the capital market. The weakening of the rupee and the rise in the prices of crude oil impact the market volatility but since SIPs have the ability to surpass the volatility, investors prefer the SIP route.

    SIPs have been able to collect total funds amounting to Rs.52,472 crore between the period April to October 2018 in the current fiscal while Rs.67,000 crore was collected in the entire 2017-18 period. The growth in the SIPs has been driven by the shift in the investment habits of investors who now prefer investing in financial assets such as mutual funds instead of traditional physical assets such as gold and real estate. A growth of 30%, 14%, and 40% has been witnessed in the retail folios, AUM (Assets Under Management), and monthly SIP contributions over the last year, respectively.

    16 November 2018

  • Airtel, Glenmark, MRF, Infosys, and Amara Raja Batteries Stocks in News

    Check out some of the top stocks for that might be in news:

    1. Bharti Airtel: The rating for Bharti Airtel has been put on review by Moody's Investors Service due to the recent downgrade caused by low levels of profitability and an expected weak cash flow.
    2. Glenmark Pharmaceuticals: This company is planning to apply for GBR 1342 for an Investigational New Drug (IND) and initiate Phase 1 clinical trial in 2019 for the treatment of multiple melanoma.
    3. MRF: MRF has witnessed a 12.29% decline in profit at Rs.263.04 crore for the quarter ended September 30, 2018, owing to the increased expenses.
    4. Infosys: Nokia and Infosys have recently joined hands to develop solutions powered by new-age technologies such as artificial intelligence (AI) and machine learning (ML).
    5. Transgene Biotek: Since SEBI was unable to unearth any adverse findings against the two promoters and a director of Transgene Biotek, the regulatory body has decided to revoke the market ban for the alleged diversion of funds raised through GDR issuance.
    6. DCM Shriram: The group has contracted around 40,000 tonnes of sugar exports so far, and is gearing up to undertake shipments of the entire quota of 92,000 tonnes that have been assigned by April-May 2019.
    7. GAIL: GAIL (India) has bought steel pipes worth Rs.1,100 crore to lay the Barauni-Guwahati gas pipeline, putting the project on fast track.

    15 November 2018

  • Liquid mutual funds may see SEBI tightening its regulations

    Liquid mutual funds are likely to see the regulations on it being tightened by the Securities and Exchange Board of India (SEBI). Around Rs.8 lakh crore worth of assets are held by liquid schemes and the proposal of SEBI to tighten the rules on them is to put a check on the market volatility following the defaulting of the Infrastructure Leasing & Financial Services (IL&FS). SEBI has plans to put a short lock-in period on the liquid fund investments which are mostly used by large firms to park their idle capital.

    The market regulator may also mandate liquid schemes to permit debt securities to segregate troubled mutual fund portfolios. The measures will be discussed by a committee appointed by the SEBI in their upcoming meeting. As per mutual fund experts, the mandatory lock-in period will reduce the volatility in flows but at the same time may lessen the popularity among institutional investors.

    14 November 2018

  • More than Rs.15,000 crore pumped by retail investors into SIPs

    As per the data revealed by the Association of Mutual Funds in India (AMFI), Systematic Investment Plans (SIPs) of mutual funds have managed to garner more than Rs.15,000 crore of investments over the last 2 months. This data is an indication that retail investors continue to invest in mutual funds despite the huge market swings. The SIP route is a prefered route of investment in mutual funds as they are less impacted by the volatility in the market over the long term. The inflows through SIPs recorded an increase of 40% in comparison to the numbers recorded last year.

    Despite the huge outflow witnessed by the mutual fund industry in September, the industry was able to catch up on the numbers in the month of October when it saw inflows that jumped by 30%. The inflows experienced in October in the equity segment have been the highest in 7 months and this is in spite of the correction that happened in the market. Equity funds saw an increase in the net inflows of around 13% in October to touch Rs.12,622 crore. These funds also saw lowest redemptions since December 2016 during the same month at Rs.10,183 crore.

    13 November 2018

GST rate of 18% applicable for all financial services effective July 1, 2017.

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