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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.

    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. 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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    • Mutual Funds Risk Management Laws to be Reviewed by the Securities and Exchange Board of India

      The Securities and Exchange Board of India is expected to reassess the right management guidelines that were established for mutual funds because of the IL&FS scene. The short-term as well as long-term debt facilities of IL&FS were downgraded by rating agencies. The long-term debt facilities of IL&FS were downgraded from AA+ to BB by ICRA. The weakening of the liquidity profile of the company was the reason for rating agencies downgrading the company. In September 2018, the Securities and Exchange Board of India had requested mutual fund companies to share the information regarding exposure to debt securities of IL&FS. According to the data, mutual fund had exposure in debt securities of IL&FS as well as its subsidiaries to the tune of over Rs.2,400 crore as of August end. The investments were spread across debt mutual fund categories like liquid funds, fixed maturity plans, hybrid funds, credit risk funds, short duration funds and medium duration debt fund. The risk management guidelines were introduced by the Securities and Exchange Board of India in September 2002, and the board now aims to ensure a standard of due diligence across different areas such as operations, business contingency, fund management, marketing and distribution, customer service, etc. for all mutual fund companies.

      17 October 2018

    • New Equity Scheme Launched by Mahindra for Growth of Rural India

      Mahindra Rural Bharat and Consumption Yojana, a new open-ended equity scheme, was released this week for investors who want capital appreciation in the long term through investment mainly in equities of companies that are either involved in or are expected to benefit from the considerable rise of income and consumption in rural India. Mahindra and Mahindra Financial Services Limited’s subsidiary, Mahindra Mutual Fund, released the scheme that aims to generate capital growth through investment in companies that are forecast to benefit from the growth and structural shift in rural India. The NFO will be open to investors on October 19 and shall close on November 2 this year. Ashutosh Bishnoi, the CEO and Managing Director of Mahindra Mutual Fund said that the scheme will provide an attractive investment opportunity for those looking at long-term instruments. Therefore, he added, investors who wish to get higher capital growth must consider participation in Mahindra Rural Bharat Yojana. The maximum investment made by the scheme in equity and equity-related securities of companies with exposure towards rural India would be 80%, with up to 20% of its assets would be invested in equities of other companies. Up to 20% would be invested in money market and debt securities, while up to 10% would be invested in units issued by Real Estate Investment Trusts and Infrastructure Investment Funds.

      12 October 2018

    • NFO Review of ICICI Prudential Manufacturing in India Fund

      ICICI Prudential Mutual Fund - one of the most trusted names in the mutual fund space - has launched a thematic scheme known as the ICICI Prudential Manufacturing in India Fund. This is an open-ended scheme that will invest in companies which are involved in manufacturing. The subscriptions under the New Fund Offer (NFO) of this scheme is scheduled to close on 5 October 2018. This mutual fund intends to capture the rising contribution of share of the manufacturing sector in the Gross Domestic Product (GDP) of India. As per the Centre for Monitoring Indian Economy (CMIE), the current share of the segment stands at 18%, higher than the narrow range of 14% to 16% that has been witnessed over the last 4 decades.

      The fund managers of the ICICI Prudential Manufacturing in India Fund will be Mr. Anish Tawakley and Mr. Mittul Kalawadia. While the benchmark followed by this scheme is S&P BSE 500 Index, the minimum investment amount is Rs.5,000 and in multiple of Re.1 thereafter. On the other hand, investors can also make additional investments for a minimum amount of Rs.1,000 and subsequently in multiple of Re.1. This mutual fund offers 2 investment options to the investors - Growth Option and Dividend Option. The exit load charged under this scheme in case of purchases and switch-ins from another scheme of the fund along with redemptions and switch-outs on and before 18 months starting from the date of allotment of units is 1% of the applicable NAV. This scheme offers SIP facility with a minimum investment of Rs.1,000 for at least 6 installments.

      According to the Managing Director and Chief Executive Officer of ICICI Prudential Mutual Fund, Mr. Nimesh Shah, India is poised to emerge as a significant manufacturing hub in order to cater to the rising domestic demand. Positive policy announcements by the government and well-designed development programmes in various sectors of manufacturing are likely to lead to further growth in coming years. He further added that the ICICI Prudential Manufacturing in India Fund will broadly look at the manufacturing theme from 3 aspects - domestic consumption, exports-oriented manufacturing, and domestic capex manufacturing.

      11 October 2018

    • IL&FS group paid its due of Rs.300 crore to LIC Mutual Fund

      IL&FS Securities Services has cleared its dues of Rs.300 crore to LIC Mutual Fund. IL&FS which is an arm of the crippled infra lender was going through a serious financial crisis since the beginning of 27 August 2018 due to which it was defaulting on payments to LIC. In fact, on 27 September only the company has defaulted on 7 payments to LIC. In a recent statement, LIC has confirmed that they have received all their interest payments and other maturity proceeds from IL&FS group. It also said that the firm has made a final payment of Rs.300 crore on 28 September 2018. Due to this development at the IL&FS group which has dues of Rs.91,000 crore to multiple lenders has resulted in a dip in the market. On Friday the market indices closed with its worst monthly losses since the month of February 2016.

      8 October 2018

    • Equity benchmarks Sensex and Nifty closes low on 19 September

      Equity benchmarks Sensex and Nifty experienced volatile trading on Wednesday, 19 September with the Sensex closing at 169 points lower at 37,121.22 and Nifty gave up the 11,250 mark. The indices were weighed down by the sell-off of sectors like automobiles, FMCG, banks, and other mid cap firms. The Nifty Midcap Index went low by 1% while the Nifty Index itself was down by 44.50 points when the market closed on Wednesday. At the moment, the breadth of the market seems negative with the advance of 978 shares and with a decline of 1,667 shares. In the meantime, 186 shares remain unchanged. The top gainers in the index include BPCL, Coal India, and ONGC while the top losers were Bajaj Finserv, Induslnd Bank, and Bharti Airtel.

      21 September 2018

    • SEBI announces revised TER of mutual funds

      In an attempt to curb mis-selling and churning of mutual funds (MFs), and to bring in transparency in the expenses, the Securities and Exchange Board of India (SEBI) has announced a revision in the expense ratios of MFs. The Total Expense Ratio (TER) of mutual funds is the total cost of handling a mutual fund and is borne by the investor. As per the SEBI regulation, all expenses and commission will be paid from the scheme only and not from the Associate/AMC/Trustee/Sponsor. It also further stated that the full trail model of commission must be adopted by the mutual fund industry for all schemes without making any payment as upfront commision.

      The TER for equity-oriented schemes cannot exceed the limit of 1.25% while for any other schemes, it cannot be more than 1%. ETFs (Exchange Traded Funds), FoFs (Fund of Funds) cannot levy expense ratios of more than 1%. FoFs can charge a TER up to twice the TER of the underlying funds. The additional expense allowed for penetration in B-30 cities will be based on inflows coming from retail investors.

      20 September 2018

    • ETMoney launches ‘Free Forever Investment Plan’ for mutual fund investors

      Direct mutual funds give investors the option to invest directly with the fund house and hence, have lower expense ratios as there are no intermediary commissions involved. However, many investors find it complex and time-consuming. To provide relief to such investors, ETMoney, a leading online-only mutual fund investment platform, has introduced a ‘Free Forever Investment’ plan. This plan endeavours to make investments in direct mutual funds simple and at the convenience of just a few taps on the investors’ smartphones.

      ETMoney is a wholly-owned subsidiary of Times Internet, a part of the Times Group. As per the regulations issued by the Securities and Exchange Board of India (SEBI), all mutual fund schemes should offer 2 variants, one which does not include commissions (direct plan) and the other which does (regular plan). Investing in direct mutual funds can aid investors in saving about Rs.25 lakh over a 25 years period.

      4 September 2018

    • Mutual fund experts believe that asset allocation should guide equity exposures

      The Indian economy is showing signs of positivity with the outlook of equities remaining robust globally. Economies like Japan, United States, and Europe are experiencing strong economic growth and markets are at multi-year highs. A rebound in the GDP had been observed for most of the developed economies in the second quarter. According to mutual fund experts, markets should watch out for critical factors such as the changed attitude of central banks concerning monetary policies and the effect of the trade war.

      Experts also recommend investors to take advantage of quality opportunities of wealth creation by investing in mutual funds ensuring that the exposure to equity is strictly guided by asset allocation. The growing concerns around rising inflation, increase in fiscal deficit, and broadening current account deficit (CAD) are contributing to the negative trend in the long term bonds and hence, experts believe that investors should, under these circumstances depend on an accrual strategy.

      3 September 2018

    • SEBI in the process of creating a framework for mutual funds entry in the commodity market

      The Securities and Exchange Board of India (SEBI), with participation from market players, is in the process of drafting an operational framework for the entry of portfolio management services and mutual funds into the commodity segment. The market regulator expects the process to take some time. An official of the SEBI revealed that mutual funds have to participate in the commodity derivatives segment through custodians and hence, SEBI is trying to figure out what role the custodians can play. Since the custodians have not handled physical commodities before, the SEBI is having to put extra effort into this process.

      The decision of letting institutional investors such as mutual funds participate in the commodity market was taken by SEBI to improve the participation of such investors for trading in these markets. In a previous move, AIFs (Alternative Investment Funds) were allowed participation in the commodity segment and there was hardly any friction that was related to the services offered by custodians.

      31 August 2018

    • Value focussed mutual funds turn cautious towards Indian stocks

      Mutual funds that employ a value focussed approach to allocate their assets and construct a portfolio are turning cautious towards stocks in the Indian market. These value focussed mutual funds are instead increasing their exposure towards arbitrage and bonds to reduce the volatility in the portfolio. For instance, the Parag Parikh Long Term Equity Value Fund which invests over 65% in equity-related securities, has slashed its investments in Indian stocks from 57.22% last year to 46.76%.

      Franklin India Multi Asset Fund, Quantum Long Term Equity Value Fund, and DSP Dynamic Asset Allocation Fund have also reduced its exposure to Indian stocks from 41.34%, 82.27%, and 42% to 29.05%, 79.5%, and 20.18% respectively. Generating healthy and risk-adjusted returns are the objective of asset allocation funds and hence, mutual fund experts recommend investors to park their corpus in these type of funds if they are looking at a long term investment horizon.

      28 August 2018

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

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