• 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

    • MF companies showing interest in the recovering pharma market

      While the pharma market in India is on a recovery path, the mutual fund companies have started showing interest in this sector again. The pharma market which was badly struggling during the past 3 years has started reviving. While the stock prices of the top pharma companies like Lupin, Sun Pharma, and Dr. Reddy’s were losing as high as 70%, now they are regaining their growth as per the financial analysts. Since the market leaders in the pharma sector are making an exit from the unviable products with a good pipeline of generics and specialty products, they are hoping that the investors might get returns in next 2-3 years by making investments in the large-cap pharma companies.

      Whilst the revenue growth of the pharma companies was experiencing a low single-digit growth during the GST transition period, after a year the growth has doubled to 10.8% on a year-on-year basis. According to the analysts, this growth will continue to increase and in the coming 2-3 years, these companies will post record high earnings growth at minimum 15% CAGR. Following the predictions, while ICICI Prudential and Mirae Asset have already started NFOs in this sector, Aditya Birla Sun Life has applied to SEBI for the same.

      15 June 2018

    • Telegram Used by Big Stock Exchange to Aid Sales of Mutual Funds

      BSE StAR MF sold almost mutual funds worth almost a million dollars. The turnover of the platform, which distributes on the oldest stock exchange in India, has witnessed the growth of its turnover by 114% (compounded rate) over the past 4 years. One of the major factors contributing to this growth has been identified as the use of Telegram, which is a cloud-based instant messaging platform. BSE StAR MF, a Telegram group, has around 4,000 distributors in its arsenal. Having started operations as an informal group consisting 4 distributors around a year back, it has now grown exponentially and BSE says that it is the “largest and fastest-growing group of individual financial advisors and mutual fund distributors on social media in India.”

      14 June 2018

    • Mutual Funds gear up to categorise and rename schemes as per SEBI guidelines

      The Securities and Exchange Board of India (SEBI) had recently directed mutual fund houses to categorise their schemes and has kept 30 June 2018 as the deadline. The fund houses are therefore gearing up to adhere to the guidelines by categorising and rationalising their schemes. Doing so will help investors to get a clarity and pick a portfolio of their choice. The portfolio realignment and renaming is likely to be completed by most fund houses by mid of June. Except for 2 fund houses and one scheme, seems like the mutual fund segment will adhere to the 30 June deadline.

      UTI Mutual Fund’s UTI Linked Insurance Plan is most likely to be categorised as solution-oriented schemes. Escorts Mutual Fund and Sahara Mutual Fund are yet to categorise and rationalise their schemes. Among others, HDFC Top 200 Fund will now be known as HDFC Top 100 Fund while HDFC Large Cap Fund has been renamed to HDFC Growth Opportunities Fund.

      4 June 2018

    • Information Technology a big bet for the mutual fund industry

      IT firms are being betted on hugely by mutual fund businesses making its equity exposure soar to a record-high of approximately Rs.71,000 crore in April. The IT industry was able to achieve the feat in spite of the stock market being volatile and the value of rupee depreciating. Mutual fund houses are concentrating on the IT industry which receives a big chunk of its revenues from US dollars, by allocating much of its units to the software segment, since the beginning of the year. According to the data released by the Securities and Exchange Board of India (SEBI), the total allocation by mutual funds in the software sector in April was recorded at Rs.70,773 crore which accounts for 7.37% of their equity AUM (Assets Under Management) which totals to Rs.9.6 lakh crore.

      The exposure of mutual funds in other sectors like finance, consumer durables, auto, construction product, and petroleum products stood at Rs.96,727 crore, Rs.64,476 crore, Rs.55,370 crore, Rs.43,224 crore, and Rs.37,143 crore, respectively.

      1 June 2018

    • Top 5 funds that performed well despite demonetisation and GST jitters

      The implementation of the Good and Services Tax (GST) and demonetisation last year brought about a disruption in the mutual fund segment. Funds managers found it quite challenging to select companies for investing. To add to that, macro indicators such as interest rates and crude oil showed signs of decay. However, a few funds in the mid-cap and large-cap segment sailed through and delivered satisfactory returns of over 15%. Fund managers were able to achieve this by locating good business ideas in Initial Public Offerings (IPOs), buying into financials, and altering themes from unorganised to organised.

      The top 5 funds that performed well through the GST and demonetisation jitters are Axis Equity Fund, Invesco India Growth Opportunities Fund, Kotak Select Focus Fund, ICICI Prudential Focused Bluechip Equity Fund, and Reliance Large Cap Fund.

      30 May 2018

    • Union AMC Sells 39.62% Stake to Dai-ichi Life

      Union Bank of India – a state-run company, recently revealed that Dai-ichi Life – a Japanese financial services giant, has purchased 39.62% stake in Union AMC (Asset Management Company). The amount for which the stake was purchased remains undisclosed, but it was revealed that the stake was purchased via investment in mandatorily convertible preference shares. Dai-ichi Life and Union Bank of India will co-sponsor the mutual fund company. The bank released a statement in which it revealed that the partnership is set to bring synergy for future business growth, a strong capital base, as well as effective corporate governance. Following the investment, the Japanese financial services major is expected to appoint a nominee director on Union AMC’s board. However, no key changes are expected to take place in personnel or the current fund management team, according to Union Bank of India.

      21 May 2018

    • ITC, Infosys, Kotak, HDFC among the top stocks purchased by mutual funds in April 2018

      The mutual fund industry saw an inflow of Rs.6,690 crore in April 2018 through the Systematic Investment Plan (SIP) and Rs.67,190 crore for the Financial Year 2018 (FY2018). The numbers are relatively higher than the inflows in 2017 which came around Rs.43,921 crore. The record-breaking numbers is an indication of the shift in the investing and saving habits of the investors in India. In mutual funds, the equity funds are performing better than the other asset categories.

      Among the top 10 stocks bought by mutual funds are Infosys Ltd, ITC Ltd, Yes Bank, Kotak Mahindra Bank, Reliance Industries, L&T, HDFC Bank, HDFC Ltd, and Tata Steel Ltd. On the other hand, the top 10 stocks sold in April 2018 are Tube Investments, Bharat Electronics, State Bank of India, Indian Oil Corporation, ICICI Securities, Hindustan Petroleum, ICICI Bank, APL Apollo Tubes, Hindustan Zinc Ltd, and ICICI Lombard.

      17 May 2018

    • Two Schemes of Tata Mutual Fund Expected to Merge

      The Tata Equity Opportunities Fund is set to merge with the Tata Dividend Yield Fund. Tata Mutual Fund is also set to merge Tata Gilt Securities Fund with Tata Gilt Mid Term Fund. The mergers are expected to materialise by the 1st of June, 2018. The reason for the move is said to be the re-categorisation of mutual funds mandated by SEBI (Securities and Exchange Board of India). Tata Dividend Yield Fund, which is an open-ended equity scheme will merge into Tata Equity Opportunities Fund. The new scheme shall be named Tata Large and Mid Cap Fund from the 1st of June, 2018. Even Tata Gilt Mid Term Fund will merge into Tata Gilt Securities Fund from the 1st of June this year. Investors are advised to shift out of the scheme only when its fundamental attributes change.

      8 May 2018

    • Core Attributes ICICI Pru Focused Bluechip Equity Fund Modified As Per SEBI’s New Norms

      The basic attributes of ICICI Pru Focused Bluechip Equity Fund has been changed in lines with SEBI’s new norms on categorisation and rationalisation of mutual funds. It will now be known as ‘ICICI Prudential Bluechip Fund’ and will be categorised as an open-ended equity fund and will be primarily investing into large cap securities. Assets worth Rs.16,102 crore are currently being managed by the fund as on 31 March 2018. Following SEBI’s circular which was released in October last year, many of the mutual funds are in the process of incorporating the changes in sink with the new norms.

      20 April 2018

    • Pharmaceutical stocks have attracted mutual funds after price correction

      Pharmaceutical stocks have attracted domestic mutual funds after a drastic decline in the prices of these stocks.

      Sun Pharmaceutical, Aurobindo Pharma, Apollo Hospital Enterprise, Dr Reddy's Laboratories, and Fortis Healthcare were among the most popular stocks that were purchased by fund managers in the month of May.

      It is anticipated that the pharmaceutical sector will develop highly in few months. However, they are holding a different opinion that certain stocks will have an investment horizon of 2 to 3 years.

      The pharma companies in India were constantly inspected by the US Food and Drug Administration (FDA). These FDA inspections as well as the pressure on pricing of pharmaceutical products have had a negative impact on the pharma companies.

      19 July 2017

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

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