A mutual fund is an investment vehicle that pools money from multiple investors who have a common investment objective. The pooled money is then invested in securities such as stocks, bonds, money-market instruments or other permitted assets, depending on the scheme's investment objective.
A professional fund management team manages the portfolio according to the scheme's stated strategy. Investors receive units in the mutual fund, and the value of those units changes based on the performance of the underlying investments.
In India, mutual funds are regulated by the Securities and Exchange Board of India (SEBI), which establishes rules and guidelines for mutual fund schemes and the entities involved in managing them.

If you are new to investing, you may have questions such as - What is a mutual fund? How do mutual funds work? What are the different Types of Mutual Funds? Which mutual fund may be suitable for your goal? How can you invest through a SIP or lump sum?
This guide explains the basics of mutual funds in India, including their types, how investments and returns work, how to choose a fund, how to invest and other important concepts such as NAV and mutual fund ratings.
The history of mutual funds in India dates back to 1963, when Unit Trust of India (UTI) was established. For several years, UTI was the primary mutual fund institution in the country.
The industry gradually expanded with the entry of public-sector and private-sector fund houses. The establishment of SEBI as the securities-market regulator and the formation of the Association of Mutual Funds in India (AMFI) also contributed to the development of the mutual fund industry and investor awareness.
Today, investors can choose from mutual fund schemes across equity, debt, hybrid and other categories.
Investors can generally invest in Mutual Funds through -
The choice between SIP and lump-sum investing depends on factors such as income, cash flow, investment objective, risk tolerance and market conditions.
A SIP can help investors invest regularly and build an investment habit, while a lump-sum investment allows an investor to deploy a larger amount at once. A mutual fund investment should be selected based on the investor's financial goal and risk profile rather than simply on the expected return.
Mutual fund returns vary depending on the type of scheme, the securities in its portfolio and market conditions.
Equity-oriented funds can experience significant fluctuations but may offer higher growth potential over longer periods. Debt funds generally have different return and interest-rate characteristics, while Hybrid Fund combine exposure to more than one asset class.
When evaluating a mutual fund, do not rely only on the highest recent return. Consider:
| Mutual Fund Category | Approx. 5-Year Annualised Return |
|---|---|
| Large cap funds | 16–17% |
| Large & mid cap funds | 17–18% |
| Flexi Cap Funds | 17–18% |
| Mid Cap Funds | 23–25% |
| Small Cap Funds | 23–26% |
| ELSS Funds | 16–18% |
| Hybrid Funds | 12–16% |
| Debt Funds | 5.5–6.5% |
(Returns As of 2026)
Returns shown above are indicative historical annualised returns and can vary depending on the fund, measurement period and market conditions.
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Mutual funds can be broadly classified based on the type of assets they invest in, their investment strategy and their objectives.
The major categories include -
The following sections explain the major categories and how they differ.
Equity mutual funds invest primarily in shares and equity-related securities. Their returns are linked to the performance of the underlying equity portfolio, so they can experience significant market fluctuations.
These funds are generally considered by investors seeking long-term capital growth and who are comfortable with equity-market volatility. The major equity-fund categories include:
Large-cap funds invest predominantly in large-cap companies. These companies are generally among the largest by full market capitalisation. Large-cap funds may be considered by investors seeking equity exposure to relatively established companies, although they remain subject to equity-market risk.
Mid-cap funds invest predominantly in mid-cap companies. These companies are smaller than large-cap companies and can have greater growth potential, but they can also experience higher volatility. Mid-cap funds may therefore be more suitable for investors who can tolerate fluctuations and have an appropriately long investment horizon.
Large & Mid-Cap Funds invest across both large-cap and mid-cap companies. This provides exposure to relatively established businesses as well as mid-sized companies with potential for growth. These funds remain equity-oriented and can experience significant market fluctuations.
SEBI has set a clear classification as to what is a large cap, mid cap and small cap:
| Market Capitalization | Description |
|---|---|
| Large cap company | 1st to 100th company in terms of full market capitalization |
| Mid cap company | 101st to 250th company in terms of full market capitalization |
| Small cap company | 251st company onwards in terms of full market capitalization |
In multi-cap funds, the fund manager invests across the board in large-caps and mid-caps without any restriction (the only restriction being the fund mandate). A minimum of 65 percent of its total assets should be allocated to equities.
Equity Linked Savings Schemes (ELSS) is a tax saving fund that comes with a lock-in period of three years. A minimum of 80 percent of its total assets has to be invested in equities.
This fund will predominantly invest in dividend yielding stocks. This scheme will invest a minimum 65 percent of its total assets in equities, but in dividend yielding stocks.
This is an equity fund that will follow the value investment strategy.
This equity scheme will follow the contrarian investment strategy. Value/Contra will invest at least 65 percent of its total assets in equities, but a Mutual Fund house can either offer a value fund or a contra fund, but not both.
This fund will focus on large, mid, small or multi-cap stocks, but can have a maximum of 30 stocks. focused fund can invest at least 65 percent of its total assets in equities.
These are the funds that invest in a particular sector or a theme. At least 80 percent of the total assets of these schemes will be invested in a particular sector or theme.
Index Funds are passively managed mutual funds that aim to replicate the performance of a market index, such as the Nifty 50 or Sensex. They invest in the securities of the underlying index in similar proportions, subject to tracking error and expenses.
Debt mutual funds invest primarily in fixed-income and money-market instruments such as government securities, corporate bonds and other permitted debt instruments. The risk and return characteristics of debt funds vary depending on factors such as credit quality, interest-rate sensitivity and portfolio duration.
Major debt-fund categories include:
Overnight Funds invest in overnight securities with a maturity of one day. These funds generally carry relatively low interest-rate and credit risk because of the very short maturity of their underlying securities.
Liquid Funds invest in debt and money market securities with a maturity of up to 91 days. They are generally used by investors looking to park money for a short period while seeking relatively low volatility compared with longer-duration debt funds. Returns are not guaranteed, and the value of the investment can fluctuate.
Ultra Short Duration Funds invest in debt and money market instruments with a Macaulay duration between three and six months. Their interest-rate sensitivity is generally higher than that of liquid funds because they invest in securities with longer durations.
Low Duration Funds invest in debt and money market instruments with a Macaulay duration between six and 12 months. They generally have higher interest-rate sensitivity than ultra short duration funds.
Money Market Funds invest in money market instruments with a maturity of up to one year. These may include instruments such as Treasury Bills, commercial papers and certificates of deposit.
Short Duration Funds invest in debt and money market instruments with a Macaulay duration between one and three years. Their returns can be affected by changes in interest rates as well as the credit quality of the securities in the portfolio.
Medium Duration Funds invest in debt and money market instruments with a Macaulay duration between three and four years. These funds are more sensitive to changes in interest rates than shorter-duration debt funds.
Medium to Long Duration Funds invest in debt and money market instruments with a Macaulay duration between four and seven years. Their longer portfolio duration can make them more sensitive to changes in interest rates.
Long Duration Funds invest in debt and money market instruments with a Macaulay duration greater than seven years. These funds can experience greater price fluctuations when interest rates change because of their longer duration.
Dynamic Bond Funds invest across different maturity periods. The fund manager can change the portfolio's duration and maturity profile based on the assessment of interest-rate movements and market conditions. As a result, the level of interest-rate risk can vary over time.
Corporate Bond Funds predominantly invest in highly rated corporate bonds. Under the current classification, these schemes are required to invest at least 80% of total assets in AA+ and above rated corporate bonds, subject to the applicable regulations.
Credit Risk Funds invest predominantly in lower-rated corporate bonds and carry higher credit risk than categories that focus on highly rated securities. Under the current classification, these schemes are required to invest at least 65% of total assets in AA and below rated corporate bonds, excluding securities rated below investment grade.
Banking and PSU Funds predominantly invest in debt securities issued by banks, public sector undertakings and public financial institutions. These funds generally focus on securities issued by these institutions, but investors should still consider credit and interest-rate risks before investing.
Gilt Funds invest predominantly in government securities issued by the central and state governments. They do not carry the same credit risk associated with corporate debt because the underlying securities are government securities, but they can be sensitive to changes in interest rates. Longer-duration gilt funds may experience greater price volatility when interest rates change.
These funds invest predominantly in government securities while maintaining a portfolio Macaulay duration of around 10 years, in accordance with the applicable scheme classification. Because of their long duration, they can be particularly sensitive to changes in interest rates.
Floater Funds predominantly invest in floating-rate instruments. Under the current classification, these schemes invest at least 65% of total assets in floating-rate instruments. Their interest-rate sensitivity can differ from fixed-rate debt funds because the interest payments on floating-rate securities can reset periodically.
Hybrid mutual funds invest in more than one asset class, typically combining equity and debt. The allocation between asset classes varies across categories, which means hybrid funds can have different risk and return characteristics. Major hybrid-fund categories include -
Conservative Hybrid Funds invest predominantly in debt instruments while maintaining a smaller allocation to equity and equity-related instruments. Under the current classification, these schemes invest 75% to 90% of their total assets in debt instruments and 10% to 25% in equity and equity-related instruments.
Balanced Hybrid Funds invest in both equity and debt instruments, with 40% to 60% of total assets allocated to each. The category is designed to maintain a relatively balanced exposure to equity and debt, although the actual portfolio and risk level can vary within the permitted range.
Aggressive Hybrid Funds invest predominantly in equity and equity-related instruments, with 65% to 80% of total assets allocated to equity and equity-related instruments and 20% to 35% to debt instruments. The higher equity allocation gives these funds greater exposure to equity-market movements compared with conservative and balanced hybrid funds.
This fund dynamically manage their allocation between equity and debt instruments. The fund manager can increase or reduce exposure to different asset classes based on the scheme's investment strategy and market conditions. The allocation can therefore change over time rather than remaining fixed.
Multi Asset Allocation Funds invest across at least three asset classes, with a minimum allocation of 10% of total assets to each asset class. Apart from equity and debt, the scheme may invest in another asset class, such as commodities, subject to the applicable regulations. Foreign securities are not treated as a separate asset class for this purpose.
Arbitrage Funds seek to generate returns by taking advantage of price differences for the same or related securities across different market segments, such as the cash and derivatives markets. These schemes use an arbitrage strategy and must invest at least 65% of their total assets in equity and equity-related instruments.
This invest in a combination of equity, equity-related instruments, arbitrage opportunities and debt. These schemes must invest at least 65% of total assets in equity and equity-related instruments and at least 10% in debt. The scheme's investment strategy specifies the minimum hedged and unhedged exposure in the Scheme Information Document (SID).
Retirement Funds are solution-oriented mutual fund schemes designed to help investors build a corpus for retirement. These schemes have a lock-in period of five years or until retirement age, whichever is earlier, subject to the applicable scheme terms.
Children's Funds are solution-oriented schemes designed to help investors build a corpus for a child's future needs. These schemes have a lock-in period of five years or until the child reaches the age of majority, whichever is earlier, subject to the applicable scheme terms.
ETFs are funds that are traded on stock exchanges like shares. They can track an index, commodity or other underlying assets and are bought and sold during market hours at prevailing market prices. A demat and trading account is generally required to invest in ETFs.
A Fund of Funds (FoF) is a mutual fund scheme that invests primarily in units of other mutual fund schemes or other permitted underlying funds. Instead of directly holding a portfolio of individual securities, investors gain exposure to the underlying funds through a single mutual fund scheme.
International Funds invest in securities of companies, markets or funds outside India, depending on the scheme's investment objective. They may provide investors with exposure to international markets and currencies and can invest across developed markets, emerging markets or specific overseas sectors.
The level of risk depends on the underlying investments, geographical exposure, currency movements and market conditions.
Gold Funds are mutual fund schemes that primarily invest in gold-related instruments, typically through units of gold ETFs or other permitted gold-related securities.
Unlike Gold ETFs, investors in a Gold Fund do not need a demat or trading account to purchase the mutual fund units. The value of the fund is influenced by movements in gold prices as well as the performance and expenses of the underlying investments.
Fincash's mutual fund lists use quantitative filters and fund-level data to identify schemes for comparison.
Fund Selection Methodology used to find 10 funds
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2025 (%) Franklin Asian Equity Fund Growth ₹45.5605
↓ -0.16 ₹954 5 20.3 38.8 22.5 8.6 23.7 DSP US Flexible Equity Fund Growth ₹91.8782
↓ -1.13 ₹1,296 -0.3 20.9 33 26.6 18 33.8 DSP Natural Resources and New Energy Fund Growth ₹108.381
↓ -0.44 ₹2,441 0.4 3.4 20.5 18.5 15.4 17.5 Aditya Birla Sun Life Small Cap Fund Growth ₹102.061
↓ -0.26 ₹5,865 13.5 26.2 19.6 14.5 13.6 -3.7 Invesco India Growth Opportunities Fund Growth ₹110.47
↓ -0.25 ₹11,746 10.7 17.2 8.2 21.4 16.2 4.7 SBI Small Cap Fund Growth ₹186.474
↓ -0.16 ₹39,955 11.1 20 7.5 10.9 13.7 -4.9 Tata India Tax Savings Fund Growth ₹46.9188
↓ -0.04 ₹4,664 6.6 6.8 6.7 11.4 11.4 4.9 Aditya Birla Sun Life Banking And Financial Services Fund Growth ₹62.28
↑ 0.16 ₹3,648 5 1.9 4.3 9.3 9.8 17.5 Motilal Oswal Multicap 35 Fund Growth ₹64.2559
↑ 0.39 ₹13,940 15.6 18.2 2.2 17.1 12.2 -5.6 Kotak Equity Opportunities Fund Growth ₹347.323
↓ -0.11 ₹32,050 4.3 1.6 2.1 11.9 12.2 5.6 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 10 Sep 26 Research Highlights & Commentary of 10 Funds showcased
Commentary Franklin Asian Equity Fund DSP US Flexible Equity Fund DSP Natural Resources and New Energy Fund Aditya Birla Sun Life Small Cap Fund Invesco India Growth Opportunities Fund SBI Small Cap Fund Tata India Tax Savings Fund Aditya Birla Sun Life Banking And Financial Services Fund Motilal Oswal Multicap 35 Fund Kotak Equity Opportunities Fund Point 1 Bottom quartile AUM (₹954 Cr). Bottom quartile AUM (₹1,296 Cr). Bottom quartile AUM (₹2,441 Cr). Upper mid AUM (₹5,865 Cr). Upper mid AUM (₹11,746 Cr). Highest AUM (₹39,955 Cr). Lower mid AUM (₹4,664 Cr). Lower mid AUM (₹3,648 Cr). Upper mid AUM (₹13,940 Cr). Top quartile AUM (₹32,050 Cr). Point 2 Established history (18+ yrs). Established history (14+ yrs). Established history (18+ yrs). Established history (19+ yrs). Established history (19+ yrs). Established history (17+ yrs). Established history (11+ yrs). Established history (12+ yrs). Established history (12+ yrs). Oldest track record among peers (22 yrs). Point 3 Top rated. Rating: 5★ (top quartile). Rating: 5★ (upper mid). Rating: 5★ (upper mid). Rating: 5★ (upper mid). Rating: 5★ (lower mid). Rating: 5★ (lower mid). Rating: 5★ (bottom quartile). Rating: 5★ (bottom quartile). Rating: 5★ (bottom quartile). Point 4 Risk profile: High. Risk profile: High. Risk profile: High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: High. Risk profile: Moderately High. Risk profile: Moderately High. Point 5 5Y return: 8.59% (bottom quartile). 5Y return: 18.04% (top quartile). 5Y return: 15.38% (upper mid). 5Y return: 13.57% (upper mid). 5Y return: 16.19% (top quartile). 5Y return: 13.70% (upper mid). 5Y return: 11.35% (bottom quartile). 5Y return: 9.77% (bottom quartile). 5Y return: 12.19% (lower mid). 5Y return: 12.17% (lower mid). Point 6 3Y return: 22.54% (top quartile). 3Y return: 26.60% (top quartile). 3Y return: 18.45% (upper mid). 3Y return: 14.52% (lower mid). 3Y return: 21.40% (upper mid). 3Y return: 10.89% (bottom quartile). 3Y return: 11.39% (bottom quartile). 3Y return: 9.29% (bottom quartile). 3Y return: 17.07% (upper mid). 3Y return: 11.91% (lower mid). Point 7 1Y return: 38.85% (top quartile). 1Y return: 32.99% (top quartile). 1Y return: 20.51% (upper mid). 1Y return: 19.62% (upper mid). 1Y return: 8.17% (upper mid). 1Y return: 7.52% (lower mid). 1Y return: 6.68% (lower mid). 1Y return: 4.30% (bottom quartile). 1Y return: 2.17% (bottom quartile). 1Y return: 2.08% (bottom quartile). Point 8 Alpha: 0.00 (upper mid). Alpha: -7.66 (bottom quartile). Alpha: 0.00 (upper mid). Alpha: 0.00 (lower mid). Alpha: 3.86 (top quartile). Alpha: -1.22 (bottom quartile). Alpha: 3.16 (upper mid). Alpha: 4.29 (top quartile). Alpha: -3.79 (bottom quartile). Alpha: -0.80 (lower mid). Point 9 Sharpe: 1.27 (top quartile). Sharpe: 1.40 (top quartile). Sharpe: 0.93 (upper mid). Sharpe: 0.40 (upper mid). Sharpe: 0.23 (upper mid). Sharpe: -0.04 (bottom quartile). Sharpe: 0.13 (lower mid). Sharpe: 0.08 (lower mid). Sharpe: -0.26 (bottom quartile). Sharpe: 0.02 (bottom quartile). Point 10 Information ratio: 0.00 (upper mid). Information ratio: 0.00 (upper mid). Information ratio: 0.00 (lower mid). Information ratio: 0.00 (lower mid). Information ratio: 1.19 (top quartile). Information ratio: -0.63 (bottom quartile). Information ratio: 0.02 (upper mid). Information ratio: -0.02 (bottom quartile). Information ratio: 0.70 (top quartile). Information ratio: -0.12 (bottom quartile). Franklin Asian Equity Fund
DSP US Flexible Equity Fund
DSP Natural Resources and New Energy Fund
Aditya Birla Sun Life Small Cap Fund
Invesco India Growth Opportunities Fund
SBI Small Cap Fund
Tata India Tax Savings Fund
Aditya Birla Sun Life Banking And Financial Services Fund
Motilal Oswal Multicap 35 Fund
Kotak Equity Opportunities Fund
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2025 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Aditya Birla Sun Life Money Manager Fund Growth ₹399.693
↓ -0.02 ₹30,160 2.1 3.6 6.5 7.3 7.4 6.95% 6M 25D 6M 29D Aditya Birla Sun Life Savings Fund Growth ₹591.83
↑ 0.03 ₹18,189 1.9 3.5 6.5 7.3 7.4 7.45% 5M 26D 6M 18D JM Liquid Fund Growth ₹76.5761
↑ 0.01 ₹2,849 1.7 3.4 6.3 6.8 6.4 6.27% 2M 3D 2M 7D UTI Banking & PSU Debt Fund Growth ₹23.5506
↓ 0.00 ₹1,483 1.9 3.3 6 7.2 7.8 6.9% 8M 5D 8M 16D ICICI Prudential Long Term Plan Growth ₹39.1627
↓ -0.03 ₹13,260 1.8 2.6 5.3 7.1 7.2 7.83% 6Y 5M 5D 14Y 6M HDFC Banking and PSU Debt Fund Growth ₹24.4167
↓ -0.01 ₹5,209 1.3 2.6 5.1 6.8 7.5 7.18% 2Y 11M 26D 4Y 18D Aditya Birla Sun Life Corporate Bond Fund Growth ₹119.636
↓ -0.05 ₹23,623 1.5 2.5 5 7 7.4 7.34% 4Y 1M 6D 6Y 7M 28D HDFC Corporate Bond Fund Growth ₹34.4334
↓ -0.02 ₹30,664 1.4 2.4 4.8 6.9 7.3 7.31% 4Y 2M 16D 7Y 1M 6D Aditya Birla Sun Life Medium Term Plan Growth ₹43.8342
↓ -0.02 ₹3,280 1.9 3.5 8.6 9.9 10.9 8.05% 3Y 1M 20D 4Y 7M 24D SBI Credit Risk Fund Growth ₹49.8709
↓ -0.03 ₹2,181 2.7 4.7 8 8 7.9 8.38% 2Y 3M 18D 3Y 18D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 10 Sep 26 Research Highlights & Commentary of 10 Funds showcased
Commentary Aditya Birla Sun Life Money Manager Fund Aditya Birla Sun Life Savings Fund JM Liquid Fund UTI Banking & PSU Debt Fund ICICI Prudential Long Term Plan HDFC Banking and PSU Debt Fund Aditya Birla Sun Life Corporate Bond Fund HDFC Corporate Bond Fund Aditya Birla Sun Life Medium Term Plan SBI Credit Risk Fund Point 1 Top quartile AUM (₹30,160 Cr). Upper mid AUM (₹18,189 Cr). Bottom quartile AUM (₹2,849 Cr). Bottom quartile AUM (₹1,483 Cr). Upper mid AUM (₹13,260 Cr). Lower mid AUM (₹5,209 Cr). Upper mid AUM (₹23,623 Cr). Highest AUM (₹30,664 Cr). Lower mid AUM (₹3,280 Cr). Bottom quartile AUM (₹2,181 Cr). Point 2 Established history (20+ yrs). Established history (23+ yrs). Established history (28+ yrs). Established history (12+ yrs). Established history (16+ yrs). Established history (12+ yrs). Oldest track record among peers (29 yrs). Established history (16+ yrs). Established history (17+ yrs). Established history (22+ yrs). Point 3 Top rated. Rating: 5★ (top quartile). Rating: 5★ (upper mid). Rating: 5★ (upper mid). Rating: 5★ (upper mid). Rating: 5★ (lower mid). Rating: 5★ (lower mid). Rating: 5★ (bottom quartile). Rating: 4★ (bottom quartile). Rating: 4★ (bottom quartile). Point 4 Risk profile: Low. Risk profile: Moderately Low. Risk profile: Low. Risk profile: Moderate. Risk profile: Moderate. Risk profile: Moderately Low. Risk profile: Moderately Low. Risk profile: Moderately Low. Risk profile: Moderate. Risk profile: Moderate. Point 5 1Y return: 6.53% (upper mid). 1Y return: 6.51% (upper mid). 1Y return: 6.32% (upper mid). 1Y return: 6.00% (lower mid). 1Y return: 5.31% (lower mid). 1Y return: 5.06% (bottom quartile). 1Y return: 4.97% (bottom quartile). 1Y return: 4.77% (bottom quartile). 1Y return: 8.58% (top quartile). 1Y return: 7.97% (top quartile). Point 6 1M return: 0.63% (top quartile). 1M return: 0.61% (top quartile). 1M return: 0.54% (upper mid). 1M return: 0.56% (upper mid). 1M return: -0.32% (bottom quartile). 1M return: -0.13% (lower mid). 1M return: -0.21% (bottom quartile). 1M return: -0.28% (bottom quartile). 1M return: 0.04% (lower mid). 1M return: 0.54% (upper mid). Point 7 Sharpe: 0.63 (upper mid). Sharpe: 0.81 (upper mid). Sharpe: 2.06 (top quartile). Sharpe: -0.04 (lower mid). Sharpe: -0.22 (lower mid). Sharpe: -0.26 (bottom quartile). Sharpe: -0.27 (bottom quartile). Sharpe: -0.29 (bottom quartile). Sharpe: 1.10 (top quartile). Sharpe: 0.93 (upper mid). Point 8 Information ratio: 0.00 (top quartile). Information ratio: 0.00 (upper mid). Information ratio: 0.08 (top quartile). Information ratio: 0.00 (upper mid). Information ratio: 0.00 (upper mid). Information ratio: 0.00 (lower mid). Information ratio: 0.00 (lower mid). Information ratio: 0.00 (bottom quartile). Information ratio: 0.00 (bottom quartile). Information ratio: 0.00 (bottom quartile). Point 9 Yield to maturity (debt): 6.95% (bottom quartile). Yield to maturity (debt): 7.45% (upper mid). Yield to maturity (debt): 6.27% (bottom quartile). Yield to maturity (debt): 6.90% (bottom quartile). Yield to maturity (debt): 7.83% (upper mid). Yield to maturity (debt): 7.18% (lower mid). Yield to maturity (debt): 7.34% (upper mid). Yield to maturity (debt): 7.31% (lower mid). Yield to maturity (debt): 8.05% (top quartile). Yield to maturity (debt): 8.38% (top quartile). Point 10 Modified duration: 0.57 yrs (upper mid). Modified duration: 0.49 yrs (top quartile). Modified duration: 0.18 yrs (top quartile). Modified duration: 0.68 yrs (upper mid). Modified duration: 6.43 yrs (bottom quartile). Modified duration: 2.99 yrs (lower mid). Modified duration: 4.10 yrs (bottom quartile). Modified duration: 4.21 yrs (bottom quartile). Modified duration: 3.14 yrs (lower mid). Modified duration: 2.30 yrs (upper mid). Aditya Birla Sun Life Money Manager Fund
Aditya Birla Sun Life Savings Fund
JM Liquid Fund
UTI Banking & PSU Debt Fund
ICICI Prudential Long Term Plan
HDFC Banking and PSU Debt Fund
Aditya Birla Sun Life Corporate Bond Fund
HDFC Corporate Bond Fund
Aditya Birla Sun Life Medium Term Plan
SBI Credit Risk Fund
"The primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in units of MLIIF - WGF. The Scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus. The Scheme may also invest a certain portion of its corpus in money market securities and/or units of money market/liquid schemes of DSP Merrill Lynch Mutual Fund, in order to meet liquidity requirements from time to time. However, there is no assurance that the investment objective of the Scheme will be realized." Research Highlights for DSP World Gold Fund Below is the key information for DSP World Gold Fund Returns up to 1 year are on The primary investment objective of the Scheme is to seek to provide long term capital growth by investing predominantly in the JPMorgan Funds - Emerging Markets Opportunities Fund, an equity fund which invests primarily in an aggressively managed portfolio of emerging market companies Research Highlights for Edelweiss Emerging Markets Opportunities Equity Off-shore Fund Below is the key information for Edelweiss Emerging Markets Opportunities Equity Off-shore Fund Returns up to 1 year are on The investment objective of the scheme is to provide long-term capital appreciation by investing in an overseas mutual fund scheme that invests in a diversified portfolio of securities as prescribed by SEBI from time to time in global emerging markets. Research Highlights for Kotak Global Emerging Market Fund Below is the key information for Kotak Global Emerging Market Fund Returns up to 1 year are on An open-end diversified equity fund that seeks to provide medium to long term appreciation through investments primarily in Asian Companies / sectors (excluding Japan) with long term potential across market capitalisation. Research Highlights for Franklin Asian Equity Fund Below is the key information for Franklin Asian Equity Fund Returns up to 1 year are on An Open ended Fund of Funds Scheme with the investment objective to provide returns that tracks returns provided by Birla Sun Life Gold ETF (BSL Gold ETF). Research Highlights for Aditya Birla Sun Life Gold Fund Below is the key information for Aditya Birla Sun Life Gold Fund Returns up to 1 year are on The investment objective of the scheme is to generate returns by investing in units of Kotak Gold Exchange Traded Fund. Research Highlights for Kotak Gold Fund Below is the key information for Kotak Gold Fund Returns up to 1 year are on ICICI Prudential Regular Gold Savings Fund (the Scheme) is a fund of funds scheme with the primary objective to generate returns by investing in units of ICICI Prudential Gold Exchange Traded Fund (IPru Gold ETF).
However, there can be no assurance that the investment objectives of the Scheme will be realized. Research Highlights for ICICI Prudential Regular Gold Savings Fund Below is the key information for ICICI Prudential Regular Gold Savings Fund Returns up to 1 year are on The investment objective of the Scheme is to seek to provide returns that closely correspond to returns provided by Reliance ETF Gold BeES. Research Highlights for Nippon India Gold Savings Fund Below is the key information for Nippon India Gold Savings Fund Returns up to 1 year are on To generate returns that closely correspond to returns generated by Axis Gold ETF. Research Highlights for Axis Gold Fund Below is the key information for Axis Gold Fund Returns up to 1 year are on To provide returns that closely corresponds to returns provided by Invesco India Gold Exchange Traded Fund. Research Highlights for Invesco India Gold Fund Below is the key information for Invesco India Gold Fund Returns up to 1 year are on 1. DSP World Gold Fund
DSP World Gold Fund
Growth Launch Date 14 Sep 07 NAV (10 Sep 26) ₹62.7085 ↓ -1.89 (-2.92 %) Net Assets (Cr) ₹1,441 on 31 Jul 26 Category Equity - Global AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆ Risk High Expense Ratio 1.41 Sharpe Ratio 1.14 Information Ratio -0.56 Alpha Ratio 2.59 Min Investment 1,000 Min SIP Investment 500 Exit Load 0-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value Returns for DSP World Gold Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Sep 26 Duration Returns 1 Month 9.9% 3 Month 23.4% 6 Month 2.9% 1 Year 62.8% 3 Year 59.2% 5 Year 30.6% 10 Year 15 Year Since launch 10.3% Historical performance (Yearly) on absolute basis
Year Returns 2025 167.1% 2024 15.9% 2023 7% 2022 -7.7% 2021 -9% 2020 31.4% 2019 35.1% 2018 -10.7% 2017 -4% 2016 52.7% Fund Manager information for DSP World Gold Fund
Name Since Tenure Data below for DSP World Gold Fund as on 31 Jul 26
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 2. Edelweiss Emerging Markets Opportunities Equity Off-shore Fund
Edelweiss Emerging Markets Opportunities Equity Off-shore Fund
Growth Launch Date 7 Jul 14 NAV (09 Sep 26) ₹28.7833 ↑ 0.20 (0.71 %) Net Assets (Cr) ₹261 on 31 Jul 26 Category Equity - Global AMC Edelweiss Asset Management Limited Rating ☆☆☆ Risk High Expense Ratio 1.44 Sharpe Ratio 1.76 Information Ratio -0.42 Alpha Ratio 4.39 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value Returns for Edelweiss Emerging Markets Opportunities Equity Off-shore Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Sep 26 Duration Returns 1 Month 4.7% 3 Month 0.8% 6 Month 24.6% 1 Year 54.4% 3 Year 28.5% 5 Year 11% 10 Year 15 Year Since launch 9.1% Historical performance (Yearly) on absolute basis
Year Returns 2025 41.1% 2024 5.9% 2023 5.5% 2022 -16.8% 2021 -5.9% 2020 21.7% 2019 25.1% 2018 -7.2% 2017 30% 2016 9.8% Fund Manager information for Edelweiss Emerging Markets Opportunities Equity Off-shore Fund
Name Since Tenure Data below for Edelweiss Emerging Markets Opportunities Equity Off-shore Fund as on 31 Jul 26
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 3. Kotak Global Emerging Market Fund
Kotak Global Emerging Market Fund
Growth Launch Date 26 Sep 07 NAV (09 Sep 26) ₹40.647 ↑ 0.24 (0.60 %) Net Assets (Cr) ₹1,663 on 31 Jul 26 Category Equity - Global AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk High Expense Ratio 1.64 Sharpe Ratio 1.39 Information Ratio -0.62 Alpha Ratio -4.91 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value Returns for Kotak Global Emerging Market Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Sep 26 Duration Returns 1 Month 6% 3 Month 0.4% 6 Month 25% 1 Year 45.2% 3 Year 26.8% 5 Year 12.1% 10 Year 15 Year Since launch 7.7% Historical performance (Yearly) on absolute basis
Year Returns 2025 39.1% 2024 5.9% 2023 10.8% 2022 -15% 2021 -0.5% 2020 29.1% 2019 21.4% 2018 -14.4% 2017 30.4% 2016 -1.2% Fund Manager information for Kotak Global Emerging Market Fund
Name Since Tenure Data below for Kotak Global Emerging Market Fund as on 31 Jul 26
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 4. Franklin Asian Equity Fund
Franklin Asian Equity Fund
Growth Launch Date 16 Jan 08 NAV (10 Sep 26) ₹45.5605 ↓ -0.16 (-0.34 %) Net Assets (Cr) ₹954 on 31 Jul 26 Category Equity - Global AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆☆☆☆ Risk High Expense Ratio 2.54 Sharpe Ratio 1.27 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-3 Years (1%),3 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value Returns for Franklin Asian Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Sep 26 Duration Returns 1 Month 2.4% 3 Month 5% 6 Month 20.3% 1 Year 38.8% 3 Year 22.5% 5 Year 8.6% 10 Year 15 Year Since launch 8.5% Historical performance (Yearly) on absolute basis
Year Returns 2025 23.7% 2024 14.4% 2023 0.7% 2022 -14.5% 2021 -5.9% 2020 25.8% 2019 28.2% 2018 -13.6% 2017 35.5% 2016 7.2% Fund Manager information for Franklin Asian Equity Fund
Name Since Tenure Data below for Franklin Asian Equity Fund as on 31 Jul 26
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 5. Aditya Birla Sun Life Gold Fund
Aditya Birla Sun Life Gold Fund
Growth Launch Date 20 Mar 12 NAV (10 Sep 26) ₹44.1186 ↑ 0.11 (0.26 %) Net Assets (Cr) ₹1,665 on 31 Jul 26 Category Gold - Gold AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 0.51 Sharpe Ratio 1.13 Information Ratio 0 Alpha Ratio 0 Min Investment 100 Min SIP Investment 100 Exit Load 0-365 Days (1%),365 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value Returns for Aditya Birla Sun Life Gold Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Sep 26 Duration Returns 1 Month 1.3% 3 Month 3.6% 6 Month -4.5% 1 Year 38.6% 3 Year 35.6% 5 Year 24.9% 10 Year 15 Year Since launch 10.8% Historical performance (Yearly) on absolute basis
Year Returns 2025 72% 2024 18.7% 2023 14.5% 2022 12.3% 2021 -5% 2020 26% 2019 21.3% 2018 6.8% 2017 1.6% 2016 11.5% Fund Manager information for Aditya Birla Sun Life Gold Fund
Name Since Tenure Data below for Aditya Birla Sun Life Gold Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 6. Kotak Gold Fund
Kotak Gold Fund
Growth Launch Date 25 Mar 11 NAV (10 Sep 26) ₹58.2676 ↑ 0.20 (0.35 %) Net Assets (Cr) ₹6,532 on 31 Jul 26 Category Gold - Gold AMC Kotak Mahindra Asset Management Co Ltd Rating ☆ Risk Moderately High Expense Ratio 0.5 Sharpe Ratio 1.3 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-6 Months (2%),6-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value Returns for Kotak Gold Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Sep 26 Duration Returns 1 Month 1.1% 3 Month 4.3% 6 Month -4.7% 1 Year 38.6% 3 Year 35.4% 5 Year 24.7% 10 Year 15 Year Since launch 12.1% Historical performance (Yearly) on absolute basis
Year Returns 2025 70.4% 2024 18.9% 2023 13.9% 2022 11.7% 2021 -4.7% 2020 26.6% 2019 24.1% 2018 7.3% 2017 2.5% 2016 10.2% Fund Manager information for Kotak Gold Fund
Name Since Tenure Data below for Kotak Gold Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 7. ICICI Prudential Regular Gold Savings Fund
ICICI Prudential Regular Gold Savings Fund
Growth Launch Date 11 Oct 11 NAV (10 Sep 26) ₹46.9588 ↑ 0.14 (0.29 %) Net Assets (Cr) ₹6,398 on 31 Jul 26 Category Gold - Gold AMC ICICI Prudential Asset Management Company Limited Rating ☆ Risk Moderately High Expense Ratio 0.38 Sharpe Ratio 1.16 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-15 Months (2%),15 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value Returns for ICICI Prudential Regular Gold Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Sep 26 Duration Returns 1 Month 1.1% 3 Month 4.1% 6 Month -4.8% 1 Year 38.4% 3 Year 35.6% 5 Year 25% 10 Year 15 Year Since launch 10.9% Historical performance (Yearly) on absolute basis
Year Returns 2025 72% 2024 19.5% 2023 13.5% 2022 12.7% 2021 -5.4% 2020 26.6% 2019 22.7% 2018 7.4% 2017 0.8% 2016 8.9% Fund Manager information for ICICI Prudential Regular Gold Savings Fund
Name Since Tenure Data below for ICICI Prudential Regular Gold Savings Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 8. Nippon India Gold Savings Fund
Nippon India Gold Savings Fund
Growth Launch Date 7 Mar 11 NAV (10 Sep 26) ₹58.0269 ↑ 0.19 (0.33 %) Net Assets (Cr) ₹6,959 on 31 Jul 26 Category Gold - Gold AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Moderately High Expense Ratio 0.35 Sharpe Ratio 1.13 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-1 Years (2%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value Returns for Nippon India Gold Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Sep 26 Duration Returns 1 Month 1.3% 3 Month 4.1% 6 Month -4.7% 1 Year 38.3% 3 Year 35.5% 5 Year 24.9% 10 Year 15 Year Since launch 12% Historical performance (Yearly) on absolute basis
Year Returns 2025 71.2% 2024 19% 2023 14.3% 2022 12.3% 2021 -5.5% 2020 26.6% 2019 22.5% 2018 6% 2017 1.7% 2016 11.6% Fund Manager information for Nippon India Gold Savings Fund
Name Since Tenure Data below for Nippon India Gold Savings Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 9. Axis Gold Fund
Axis Gold Fund
Growth Launch Date 20 Oct 11 NAV (10 Sep 26) ₹44.0988 ↑ 0.13 (0.30 %) Net Assets (Cr) ₹2,887 on 31 Jul 26 Category Gold - Gold AMC Axis Asset Management Company Limited Rating ☆ Risk Moderately High Expense Ratio 0.5 Sharpe Ratio 1.28 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value Returns for Axis Gold Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Sep 26 Duration Returns 1 Month 1% 3 Month 4.5% 6 Month -4.6% 1 Year 38.2% 3 Year 35.3% 5 Year 24.9% 10 Year 15 Year Since launch 10.5% Historical performance (Yearly) on absolute basis
Year Returns 2025 69.8% 2024 19.2% 2023 14.7% 2022 12.5% 2021 -4.7% 2020 26.9% 2019 23.1% 2018 8.3% 2017 0.7% 2016 10.7% Fund Manager information for Axis Gold Fund
Name Since Tenure Data below for Axis Gold Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 10. Invesco India Gold Fund
Invesco India Gold Fund
Growth Launch Date 5 Dec 11 NAV (10 Sep 26) ₹42.6621 ↑ 0.28 (0.65 %) Net Assets (Cr) ₹463 on 31 Jul 26 Category Gold - Gold AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 0.37 Sharpe Ratio 1.21 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-6 Months (2%),6-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value Returns for Invesco India Gold Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Sep 26 Duration Returns 1 Month 1.8% 3 Month 5% 6 Month -3.9% 1 Year 37.9% 3 Year 35.2% 5 Year 24.9% 10 Year 15 Year Since launch 10.3% Historical performance (Yearly) on absolute basis
Year Returns 2025 69.6% 2024 18.8% 2023 14.5% 2022 12.8% 2021 -5.5% 2020 27.2% 2019 21.4% 2018 6.6% 2017 1.3% 2016 21.6% Fund Manager information for Invesco India Gold Fund
Name Since Tenure Data below for Invesco India Gold Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity
Mutual fund companies in India are commonly referred to as Asset Management Companies (AMCs). They manage mutual fund schemes across categories such as equity, debt, hybrid and other asset classes. Investors can compare mutual fund schemes based on their individual objectives rather than selecting a fund house solely because of its size.
Some of the major AMCs operating in India include SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Nippon India Mutual Fund, UTI Mutual Fund, Aditya Birla Sun Life Mutual Fund, Kotak Mutual Fund, Axis Mutual Fund and others.
Investors can invest in mutual funds through several routes, including directly through a mutual fund house or through an investment platform, distributor or financial intermediary.
Before investing, consider the following steps:
The mutual fund category you choose should depend on your financial objective, investment horizon and risk tolerance. For example, an investor with a long-term wealth-creation goal and a higher tolerance for equity-market volatility may consider equity-oriented funds, while an investor seeking exposure to fixed-income securities may consider debt funds.
Hybrid funds combine different asset classes and may be considered by investors looking for a diversified approach across equity and debt. There is no single mutual fund category that is appropriate for every investor or every financial goal.
Net Asset Value (NAV) represents the per-unit value of a mutual fund scheme. The NAV is calculated based on the value of the scheme's assets after accounting for applicable liabilities and expenses. Mutual fund NAVs are published regularly as required under applicable regulations.
Importantly, a lower NAV does not automatically mean that a mutual fund is cheaper or a better investment. Fund selection should be based on the scheme's portfolio, objective, performance, risk and other relevant factors.
A mutual fund calculator can help investors estimate how much they may need to invest to work towards a financial goal. For SIP calculations, you can enter the investment amount, expected rate of return and investment period to estimate the potential value of the investment.
These calculations are only illustrations. Actual mutual fund returns can vary because market-linked investments do not provide guaranteed returns.
Know Your Monthly SIP Amount
Mutual fund ratings and rankings can be useful as a starting point when comparing schemes, but they should not be the only basis for an investment decision. Different rating methodologies may consider factors such as historical performance, risk, consistency and portfolio characteristics.
Before investing, investors should also examine the fund's category, investment objective, risk level, costs and portfolio.
Mutual funds provide investors with access to different asset classes and investment strategies through professionally managed schemes. However, choosing a mutual fund should not begin with simply searching for the fund with the highest return. Investors should first identify their financial goal, investment horizon and risk tolerance, then select an appropriate category and compare suitable schemes based on performance, risk, costs, portfolio and investment strategy.
A disciplined approach to Mutual Fund Investing can help investors make decisions that are aligned with their individual financial goals.
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Best mutual fund for 2 to 5 year investment in single schemes
Educative and very Useful information. Thank you.
Great Read. Informative Page about all types of mutual funds.