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  • 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.

    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. You can accordingly select a fund to invest your money in.

    Top Performing Open-Ended Equity Funds

    1. Top 10 Diversified Funds

      Scheme Name NAV 1 Year 3 Years 5 Years
      Reliance Small Cap Fund – Growth 46.09 22.99% 25.73% 36.61%
      Mirae Asset Emerging Bluechip Fund – Growth 50.61 12.36% 21.32% 30.23%
      SBI Small and Midcap Fund – Growth 58.86 36.37% 26.20% 35.75%
      Franklin India Smaller Companies Fund – Growth 61.38 14.68% 17.97% 29.68%
      HSBC Small Cap Equity Fund – Growth 62.15 18.90% 18.87% 28.50%
      Aditya Birla Sun Life Pure Value Fund – Growth 63.12 15.05% 20.76% 29.54%
      DSP Blackrock Small Cap Fund – Regular – Growth 65.71 8.31% 19.46% 33.09%
      Canara Robeco Emerging Equities – Growth 95.26 12.55% 19.42% 30.28%
      Sundaram Small Cap Fund – Inst. – Growth 110.06 12.40% 17.13% 28.88%
      L&T Midcap Fund – Regular – Growth 146.44 15.73% 21.11% 29.49%
    2. Top 10 Hybrid Funds

      Scheme Name NAV 1 Year 3 Years 5 Years
      L&T India Prudence Fund – Regular – Growth 26.74 10.83% 12.55% 18.66%
      Reliance Equity Hybrid Fund – Growth 55.19 13.32% 12.42% 16.93%
      Principal Balanced Fund – Growth 76.82 17.84% 16.07% 17.69%
      SBI Magnum Balanced Fund – Growth 127.22 14.72% 10.75% 17.29%
      ICICI Prudential Equity & Debt Fund – Growth 128.19 11.00% 12.85% 17.69%
      Escorts Balanced Fund – Growth 130.10 11.43% 9.38% 17.52%
      Canara Robeco Balance – Growth 149.54 10.36% 11.21% 16.22%
      HDFC Balanced Fund – Growth 150.14 11.66% 12.70% 19.12%
      HDFC Prudence Fund – Growth 500.85 5.56% 11.23% 16.67%
      Aditya Birla Sun Life Balanced 95 – Growth 760.12 9.76% 11.84% 16.71%
    3. Top 10 ELSS Funds

      Scheme Name NAV 1 Year 3 Years 5 Years
      Aditya Birla Sun Life Tax Relief 96 – Growth 32.01 19.66% 15.02% 22.24%
      L&T Taxsaver Fund – Regular – Growth 38.93 12.87% 17.72% 21.03%
      Aditya Birla Sun Life Tax Plan – Growth 40.07 19.36% 14.56% 21.51%
      Axis Long Term Equity Fund – Growth 43.42 21.53% 13.33% 23.19%
      Invesco India Tax Plan – Growth 50.33 20.12% 14.19% 20.75%
      IDFC Tax Advantage (ELSS) Fund – Regular – Growth 59.72 23.19% 15.49% 21.99%
      Reliance Tax Saver (ELSS) Fund – Growth 59.86 5.82% 9.35% 20.46%
      BOI AXA Tax Advantage Fund – Eco – Growth 60.88 31.09% 17.51% 20.86%
      Escorts Tax Plan – Growth 91.21 11.46% 16.92% 22.17%
      Principal Tax Savings Fund 218.60 17.61% 17.40% 21.44%
    4. Top 10 Sectoral Funds

      Scheme Name NAV 1 Year 3 Years 5 Years
      L&T Infrastructure Fund – Regular – Growth 17.79 17.81% 19.08% 23.82%
      Kotak Infrastructure & Economic Reform Fund – Growth 21.90 7.03% 14.00% 20.93%
      Escorts Power and Energy Fund – Growth 27.52 12.71% 18.10% 21.83%
      Franklin Build India Fund – Growth 40.26 7.34% 12.57% 24.56%
      ICICI Prudential Technology Fund – Growth 52.59 31.61% 11.18% 21.36%
      ICICI Prudential Exports and Other Services Fund – Growth 58.41 9.34% 10.82% 24.48%
      ICICI Prudential Banking and Financial Services Fund – Retail – Growth 60.88 9.60% 19.97% 22.12%
      UTI Transportation and Logistics Fund – Growth 126.02 17.41% 14.73% 31.36%
      UTI MNC Fund – Growth 197.25 16.68% 10.82% 21.80%
      Aditya Birla Sun Life MNC Fund – Growth 765.08 17.54% 10.33% 24.42%
    5. Top 10 Index Funds

      Scheme Name NAV 1 Year 3 Years 5 Years
      IDFC Nifty Fund – Regular – Growth 21.88 16.20% 10.27% 12.96%
      IDBI Nifty Junior Index Fund – Growth 22.45 11.74% 15.62% 18.40%
      ICICI Prudential Nifty Next 50 Index Fund – Growth 26.36 13.56% 16.74% 19.45%
      UTI Nifty Fund – Growth 69.03 16.32% 10.33% 12.85%
      HDFC Index Fund – Nifty Plan 96.34 16.23% 10.27% 13.01%
      Aditya Birla Sun Life Nifty ETF 114.59 16.47% 10.76% 13.31%
      HDFC Index Fund – Sensex Plan 308.92 18.60% 10.27% 13.01%
      SBI ETF Sensex 365.91 17.05% 9.36% 12.85%
      HDFC Index Fund – Sensex Plus Plan 466.78 14.22% 9.64% 13.01%
      Invesco India Nifty Exchange Traded Fund 1123.47 16.49% 10.66% 13.12%

    Top Performing Open-Ended Debt Funds

    1. Top 10 Liquid Funds

      Scheme Name NAV 1 Year 3 Years 5 Years
      Escorts Liquid Plan – Growth 27.27 6.57% 7.53% 8.34%
      JM High Liquidity – Growth 47.71 6.81% 7.41% 8.13%
      Aditya Birla Sun Life Cash Plus – Regular – Growth 280.21 6.83% 7.37% 8.11%
      Principal Cash Mgmt Fund – Growth 1698.67 6.88% 7.40% 8.10%
      Indiabulls Liquid Fund – Growth 1701.73 6.82% 7.46% 8.12%
      Essel Liquid Fund – Regular – Growth 1919.70 6.85% 7.43% 8.18%
      Principal Money Manager Fund – Growth 1973.57 6.15% 7.36% 8.25%
      Baroda Pioneer Liquid Fund – Plan A – Growth 2003.31 6.83% 7.41% 8.10%
      Tata Money Market Fund – Regular – Growth 2746.35 6.82% 7.35% 8.09%
      HDFC Liquid Fund – Premium Plan – Growth 3501.86 6.73% 7.35% 8.10%
    2. Top 10 Floating Rate Funds

      Scheme Name NAV 1 Year 3 Years 5 Years
      SBI Savings Fund – Growth 27.10 6.23% 7.44% 8.04%
      Canara Robeco Savings Plus Fund – Regular – Growth 27.33 6.51% 7.62% 8.08%
      SBI Corporate Bond Fund – Growth 27.93 5.90% 8.44% 9.29%
      Franklin India Savings Plus Fund – Growth 31.95 6.83% 7.65% 8.11%
      Aditya Birla Sun Life Floating Rate Fund – Long Term Plan – Regular – Growth 213.59 6.72% 8.15% 8.64%
      Aditya Birla Sun Life Floating Rate Fund – Short Term Plan – Regular – Growth 232.72 6.88% 7.41% 8.14%
      Aditya Birla Sun Life Floating Rate Fund – Short Term Plan- Retail – Growth 286.80 6.88% 7.41% 8.09%
      Aditya Birla Sun Life Floating Rate Fund – Long Term Plan – Retail – Growth 308.92 6.72% 8.15% 8.60%
      UTI Ultra Short Term Fund – Growth 2842.47 6.39% 7.79% 8.27%
      Kotak Floater – Short Term – Regular – Growth 2864.42 6.81% 7.39% 8.10%
    3. Top 10 Ultra Short Term Funds

      Scheme Name NAV 1 Year 3 Years 5 Years
      Franklin India Low Duration Fund – Growth 20.08 7.82% 9.05% 9.32%
      Kotak Flexi Debt Scheme – Regular – Growth 22.25 5.38% 8.79% 8.69%
      Franklin India Ultra Short Bond Fund – Retail – Growth 23.04 7.35% 8.40% 8.78%
      Aditya Birla Sun Life Treasury Optimizer Plan – DAP 205.45 5.90% 8.35% 9.17%
      Aditya Birla Sun Life Treasury Optimizer Plan – Regular – Growth 221.51 5.93% 8.33% 9.28%
      Aditya Birla Sun Life Savings Fund – Retail – Growth 332.24 6.96% 8.16% 8.64%
      Aditya Birla Sun Life Treasury Optimizer Plan –Retail – Growth 332.52 5.93% 8.33% 9.22%
      Aditya Birla Sun Life Savings Fund – Regular – Growth 343.35 6.96% 8.16% 8.69%
      Baroda Pioneer Treasury Advantage Fund – Plan A – Growth 2043.88 7.01% 8.34% 8.68%
      BOI AXA Ultra Short Duration Fund – Regular – Growth 2114.16 7.42% 8.42% 8.72%
    4. Top 10 Income Short Term Funds

      Scheme Name NAV 1 Year 3 Years 5 Years
      L&T Short Term Income Fund – Regular – Growth 18.74% 6.79% 8.75% 8.56%
      Kotak Income Opportunities Fund – Regular – Growth 19.13% 5.93% 8.40% 8.50%
      Aditya Birla Sun Life Medium Term Plan – Regular – Growth 22.00% 6.77% 8.70% 9.42%
      IDFC Government Securities Fund – Short Term Plan – Regular – Growth 25.41% 6.11% 8.16% 9.27%
      Escorts Short Term Debt Fund – Growth 27.14% 6.54% 7.60% 8.68%
      DSP Blackrock Credit Risk Fund – Regular Plan – Growth 28.59% 5.69% 8.31% 8.72%
      Aditya Birla Sun Life Short Term Opportunities Fund – Regular – Growth 28.85% 5.69% 7.89% 8.77%
      SBI Magnum Gilt Short Term Plan – Growth 36.96% 5.57% 8.75% 9.49%
      Aditya Birla Sun Life Short Term Fund – Regular – Growth 66.47% 6.14% 8.10% 8.54%
      Franklin India Short Term Income Plan – Growth 3679.66% 7.77% 8.41% 8.90%
    5. Top 10 Income Long Term Funds

      Scheme Name NAV 1 Year 3 Years 5 Years
      Franklin India Corporate Bond Opportunities Fund – Growth 18.09 7.42% 8.48% 8.90%
      UTI Dynamic Bond Fund – Regular – Growth 20.04 4.13% 8.50% 8.97%
      ICICI Prudential Dynamic Bond Fund – Premium Plus – Growth 20.88 6.44% 9.79% 9.25%
      ICICI Prudential Long Term Plan – Premium – Growth 21.55 6.26% 9.37% 11.02%
      ICICI Prudential Long Term Plan – Growth 21.68 6.13% 9.28% 10.93%
      SBI Magnum Gilt Long Term Plan – PF – Fixed Period – 3 Year – Growth 22.87 3.13% 8.22% 9.31%
      SBI Magnum Gilt Long Term Plan – PF – Regular – Growth 24.48 3.13% 8.22% 9.31%
      SBI Magnum Gilt Long Term Plan – Growth 38.13 3.13% 8.22% 9.31%
      ICICI Prudential Long Term Plan – Retail – Cumulative 41.27 6.26% 9.37% 10.96%
      L&T Gilt Investment – Regular – Growth 42.91 2.02% 7.54% 8.94%

    Disclaimer: This list of best performing mutual funds in India has been made by taking only a few parameters into consideration. The parameters include last NAV, 3-year fund returns, AUM, and expense ratio. The results may vary when other parameters are considered. The performance of the above-mentioned funds may change in time.

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    News About Mutual Funds

    • Asset base of mutual funds up by 5% in July 2018

      The asset base of the mutual fund industry went up by 5% to touch Rs.23.96 lakh crore by the end of July. This growth has been boosted by the huge participation from retail investors and industry’s effort in conducting an awareness campaign for investors. As per the data released by the Association of Mutual Funds in India (AMFI), the mutual fund’s Asset Under Management (AUM) was recorded at Rs.22.86 lakh at June end. Last year in July, the collective asset base of all the fund houses was at Rs.19.97 lakh crore.

      Mutual fund experts attribute the monthly increase in the asset base to the investor awareness campaign organised by the industry. Systematic Investment Plans (SIPs) also pose an attractive option for many investors as it offers investors an opportunity to invest in small amounts regularly. The AUM of retail equity also reached Rs.10 lakh crore in July 2018 and in June 2018, it recorded an AUM of Rs.9.61 lakh crore. Additionally, 9 lakh new folios were added to the industry over the last month.

      8 August 2018

    • Performance of HDFC Bank Limited goes up by 36.74%

      HDFC Bank Limited saw a rise in its short interest by 36.74% and earlier had 1.18 million shares. After the increase, the company’s short interest reached 1.62 million shares, according to the data released by regulatory authority FINRA. The ratio of short interest to float of HDFC Bank Limited is 0.04% and at the recent trading session, its stocks reached $103.99 which was a decrease of 0.20%. In the S&P 500 Index, the company performed below the benchmark by 0.75% but showed a positive performance in the number of shares traded at 6,48,386. In March 2018, HDFC Bank Limited recorded a net profit of 47.99 billion rupees. Recently, the company raised its retail prime lending rate by 20 basis points and also raised its stake in Mahindra Holidays and Resorts India Ltd.

      6 August 2018

    • New equity scheme to be launched by Franklin Templeton Mutual Fund

      Global investment firm Franklin Templeton Mutual Fund is launching a new equity scheme on 3 August 2018. The scheme will be called as ‘Franklin India Equity Savings Fund’ and subscription to the scheme will be open till 17 August 2018. The scheme will make investments in equity and its related securities, arbitrage opportunities, and equity derivatives. A part of the investments will also be allocated to debt and money market securities. Mr. Lakshmikanth Reddy, Mr. Sachin Padwal, and Mr. Umesh Sharma will be the fund managers of the scheme.

      The Franklin India Equity Savings Fund will have both growth and dividend investment option. Both direct and regular plans of the scheme will be available for the benefit of investors. The minimum application amount for subscription is Rs.5,000 and in multiples of Re.1 thereafter. The scheme will be benchmarked against the NIFTY Equity Savings Index.

      3 August 2018

    • IIFL Mutual Fund appoints Anup Maheshwari as joint CIO, CEO

      Mr. Anup Maheshwari, the former CIO (Chief Investment Officer) of DSP BlackRock Mutual Fund has been appointed as the joint CEO (Chief Investment Officer) and CIO by IIFL Mutual Fund. The appointment will be effective from August mid. Mr. Maheshwari was working with DSP BlackRock as CIO since July 1997 and had completed his masters from IIM Lucknow. Prior to working with DSP BlackRock, he had a brief stint at HSBC Asset Management and also with Chescor, a British investment firm. In his new role at IIFL Mutual Fund, Mr. Maheshwari will be taking care of the mutual fund segment and Alternative Investment Funds (AIFs). Additionally, he will also be working towards meeting the growth objectives of the company, developing the products, and come up with innovative investment strategies.

      2 August 2018

    • Rs.400 Crore Raised by IIFL PE Fund

      IIFL Private Equity Fund has raised over Rs.400 crore and is now marketing itself to international investors. The fund is registered with SEBI as a category-II alternative investment fund. In an effort to market the fund to a larger customer base, IIFL Asset Management Ltd. recently made a submission to the SEC (US Securities and Exchange Commission). The first close in July was achieved by the fund as planned, and the company revealed that Rs400 crore was raised through it. After the first close, the company is attracting strong interest from investors over the course of the fundraising period.

      31 July 2018

    • IPO of HDFC Mutual Fund see subscription worth Rs.1,72,000 crore

      After the Initial Public Offering (IPO) of HDFC Asset Management Company was opened for subscription on 25 July 2018, it experienced a subscription of 83 times. The asset management firm had offered 18.8 million shares during the IPO and as many as 1.56 billion bids were received from investors. The IPO had by 28 July 2018 received a total subscription worth Rs.1.72,000 crore out of which the portion reserved for High Net-Worth Individuals (HNI) was subscribed 195 times. The Qualified Institutional Buyers (QIBs) portion received a subscription of 192 times while the portion of retail investors were subscribed around 7 times.

      In the meantime, the mutual fund firm has also managed to raise Rs.732 crore through anchor investors. The IPO of HDFC Mutual Fund is worth Rs.2,800 crore and shares in the proportion 7.96% and 4.05% respectively have been shelled out by its 2 partners - Standard Life Investments and HDFC. After Coal India, this is the second time that an IPO has garnered a lot of attention from investors. HDFC Mutual Fund has an Assets Under Management (AUM) of Rs.3,00,000 crore and is the second largest fund house in India.

      30 July 2018

    • Mutual funds see an addition of 33 lakh folios in the first quarter of 2018

      The mutual fund industry saw an addition of around 33 lakh new folios during the first quarter of the current year making it reach an all-time high of 7.46 crore. The numbers were recorded for the quarter ended June and around new 1.6 crore investor accounts were added during the financial year 2017-18. In the period 2016-17, the industry saw 67 lakh folios being added while during 2015-16, 59 lakh folios were added. Folios are the numbers assigned to individual investor accounts but a single investor can also have multiple accounts.

      As per the data from the Association of Mutual Funds in India (AMFI), the mutual fund industry gained 32.77 lakh folios at June end reaching a record high of 7,46,24,230 from the previous 7,13,47,301 at March end. The industry has garnered a lot of interest from investors in the last few years owing to strong contribution from retail investors and more inflows from equity schemes. Equity-linked savings scheme (ELSS) saw an addition of 26.41 lakh folios to reach 5.62 crore.

      27 July 2018

    • SEBI intends to put a cap on mutual fund commissions to deter mis-selling

      The Securities and Exchange Board of India (SEBI) is contemplating on putting a limit on the commissions charged by mutual fund distributors to curb mis-selling. This is the second proposal by the market regulator to deter mis-selling in the Indian asset management industry which is valued at Rs.23.40 trillion. At the moment, many distributors constantly move their customers from one scheme to another so that their commissions keep flowing without paying any heed to the risk-taking ability of the investors. Hence, to put a check to this, SEBI plans to put a cap on the distributor commissions at 1.5% to 2% for fixed income schemes and 4% to 5% for equity-oriented schemes.

      Presently, many fund houses pay as high as 6.5% commission upfront to distributors but under the guidelines issued by SEBI, equity schemes can charge only 2.5% as Total Expense Ratio (TER) while debt funds can only charge 2.25%. Also, the fund houses can only charge 1.75% as TER for managing assets beyond Rs.700 crore and therefore, end up paying the distributors from their own wallets.

      25 July 2018

    • Gopal Agrawal appointed as Senior Fund Manager for DSP BlackRock Mutual Fund

      Asset management firm, DSP BlackRock Mutual Fund has appointed Mr. Gopal Agrawal as head of macro strategy and senior fund manager. He will be a part of the equity team in Mumbai bringing with him many years of valuable insights and experience in managing investment mandates. In his previous assignments, Mr. Agrawal has worked with Tata Asset Management as the CIO (Chief Investment Officer) - Equity, and as a strategist and CIO for Mirae Asset Mutual Fund. He was also associated with SBI Mutual Fund as a fund manager and managed some of its popular funds. Mr. Agrawal has, in the last 2 decades gained ample experience in sectors such as petrochemicals, oil & gas, power, metals, capital goods, chemicals & fertilizers, etc. He has pursued B.E (Chemical) from NIT Raipur and his MBA from VGSOM, IIT Kharagpur.

      24 July 2018

    • Debt funds becoming more attractive for investors

      The rise in indexation benefit and bond yields have made debt mutual funds an attractive investment option for institutional investors. Fixed Maturity Plans (FMPs) among the debt funds category have turned out to be the flavour of the season recording notable inflows in the last few months. As per the data from the Association of Mutual Funds in India (AMFI), FMPs recorded net flows ranging from Rs.1,000 crore to Rs.3,000 crore last year. Significant inflows were recorded in the month of May and June at Rs.11,711 crore and Rs.10,991 crore respectively.

      FMPs are mutual funds that are close-ended which means that investors can subscribe to them only during a New Fund Offer (NFO). FMPs invest in debt securities and have the same maturity as that of the scheme and are not affected by the risks of interest rates but are accompanied by some credit risk. FMPs had received a major setback due to the Long Term Capital Gains (LTCG) tax imposed since the recent budget announcement but after the increase in corporate bond yields, the interest of investors have bounced back.

      23 July 2018

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

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