Best Mutual Fund Returns for 2024

Updated on September 24, 2026 , 1515 views

Mutual Fund is an investment avenue that is formed when numerous individuals sharing the same idea come together and invest their money. The Mutual Fund scheme then invests in various financial instruments on behalf of these individuals and earns profit. There are various categories of Mutual Fund schemes that are designed to cater the diverse requirements of the individuals. The broad categories of Mutual fund schemes Equity Funds, Debt fund, and Hybrid Fund. In 2024, the performance of all scheme categories was good. The Mutual Funds were able to earn commensurate returns for their investors. So, let us look at the performance of these schemes for 2024.

Ready to Invest?
Talk to our investment specialist

Top Performing Equity Funds based on 2024 Performance

Fund	NAV	Net Assets (Cr)	2025 (%)	2024 (%)	2023 (%)	2022 (%)	2021 (%)
DSP World Gold Fund Growth	₹60.6011 ↓ -0.78	₹1,828	167.1	15.9	7	-7.7	-9
DSP World Mining Fund Growth	₹33.1618 ↓ -0.28	₹195	79	-8.1	0	12.2	18
Edelweiss Europe Dynamic Equity Off-shore Fund Growth	₹30.8333 ↓ -0.12	₹283	50	5.4	17.3	-6	17
Invesco India Feeder- Invesco Pan European Equity Fund Growth	₹26.6018 ↑ 0.05	₹230	42.5	-5.1	20.5	1.6	16.6
Edelweiss Emerging Markets Opportunities Equity Off-shore Fund Growth	₹28.6108 ↓ -0.19	₹275	41.1	5.9	5.5	-16.8	-5.9
DSP World Energy Fund Growth	₹27.3151 ↓ -0.48	₹110	39.2	-6.8	12.9	-8.6	29.5
Kotak Global Emerging Market Fund Growth	₹40.524 ↓ -0.37	₹1,730	39.1	5.9	10.8	-15	-0.5
Aditya Birla Sun Life International Equity Fund - Plan A Growth	₹53.3878 ↑ 0.16	₹328	34.7	7.4	8.6	-2.1	13.5
DSP US Flexible Equity Fund Growth	₹93.2686 ↓ -0.77	₹1,270	33.8	17.8	22	-5.9	24.2
Sundaram Global Advantage Fund Growth	₹43.194 ↑ 0.01	₹174	23.9	13.1	30.1	-15.4	18.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Sep 26

Research Highlights & Commentary of 10 Funds showcased

Commentary	DSP World Gold Fund	DSP World Mining Fund	Edelweiss Europe Dynamic Equity Off-shore Fund	Invesco India Feeder- Invesco Pan European Equity Fund	Edelweiss Emerging Markets Opportunities Equity Off-shore Fund	DSP World Energy Fund	Kotak Global Emerging Market Fund	Aditya Birla Sun Life International Equity Fund - Plan A	DSP US Flexible Equity Fund	Sundaram Global Advantage Fund
Point 1	Highest AUM (₹1,828 Cr).	Bottom quartile AUM (₹195 Cr).	Upper mid AUM (₹283 Cr).	Lower mid AUM (₹230 Cr).	Lower mid AUM (₹275 Cr).	Bottom quartile AUM (₹110 Cr).	Top quartile AUM (₹1,730 Cr).	Upper mid AUM (₹328 Cr).	Upper mid AUM (₹1,270 Cr).	Bottom quartile AUM (₹174 Cr).
Point 2	Oldest track record among peers (19 yrs).	Established history (16+ yrs).	Established history (12+ yrs).	Established history (12+ yrs).	Established history (12+ yrs).	Established history (17+ yrs).	Established history (19+ yrs).	Established history (18+ yrs).	Established history (14+ yrs).	Established history (19+ yrs).
Point 3	Rating: 3★ (top quartile).	Rating: 3★ (upper mid).	Rating: 3★ (upper mid).	Rating: 3★ (upper mid).	Rating: 3★ (lower mid).	Rating: 2★ (bottom quartile).	Rating: 3★ (lower mid).	Rating: 2★ (bottom quartile).	Top rated.	Rating: 2★ (bottom quartile).
Point 4	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.
Point 5	5Y return: 30.53% (top quartile).	5Y return: 20.73% (top quartile).	5Y return: 14.83% (upper mid).	5Y return: 15.08% (upper mid).	5Y return: 11.51% (bottom quartile).	5Y return: 10.35% (bottom quartile).	5Y return: 12.58% (lower mid).	5Y return: 12.05% (lower mid).	5Y return: 18.35% (upper mid).	5Y return: 11.52% (bottom quartile).
Point 6	3Y return: 55.08% (top quartile).	3Y return: 29.05% (top quartile).	3Y return: 24.60% (lower mid).	3Y return: 21.03% (bottom quartile).	3Y return: 28.80% (upper mid).	3Y return: 18.52% (bottom quartile).	3Y return: 27.27% (upper mid).	3Y return: 21.80% (lower mid).	3Y return: 27.76% (upper mid).	3Y return: 18.32% (bottom quartile).
Point 7	1Y return: 40.03% (upper mid).	1Y return: 49.67% (top quartile).	1Y return: 21.53% (bottom quartile).	1Y return: 31.09% (lower mid).	1Y return: 44.41% (top quartile).	1Y return: 25.58% (lower mid).	1Y return: 36.96% (upper mid).	1Y return: 18.46% (bottom quartile).	1Y return: 31.21% (upper mid).	1Y return: 14.79% (bottom quartile).
Point 8	Alpha: 4.18 (top quartile).	Alpha: 0.00 (upper mid).	Alpha: 0.00 (upper mid).	Alpha: 0.00 (upper mid).	Alpha: 4.19 (top quartile).	Alpha: 0.00 (lower mid).	Alpha: -6.20 (bottom quartile).	Alpha: -10.40 (bottom quartile).	Alpha: -7.01 (bottom quartile).	Alpha: 0.00 (lower mid).
Point 9	Sharpe: 1.25 (bottom quartile).	Sharpe: 1.76 (upper mid).	Sharpe: 1.91 (top quartile).	Sharpe: 1.76 (upper mid).	Sharpe: 1.80 (top quartile).	Sharpe: 1.48 (upper mid).	Sharpe: 1.39 (lower mid).	Sharpe: 1.03 (bottom quartile).	Sharpe: 1.42 (lower mid).	Sharpe: 0.99 (bottom quartile).
Point 10	Information ratio: -1.01 (bottom quartile).	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: -0.37 (lower mid).	Information ratio: 0.00 (upper mid).	Information ratio: -0.83 (bottom quartile).	Information ratio: -1.42 (bottom quartile).	Information ratio: -0.07 (lower mid).	Information ratio: 0.00 (upper mid).

DSP World Gold Fund

Highest AUM (₹1,828 Cr).
Oldest track record among peers (19 yrs).
Rating: 3★ (top quartile).
Risk profile: High.
5Y return: 30.53% (top quartile).
3Y return: 55.08% (top quartile).
1Y return: 40.03% (upper mid).
Alpha: 4.18 (top quartile).
Sharpe: 1.25 (bottom quartile).
Information ratio: -1.01 (bottom quartile).

DSP World Mining Fund

Bottom quartile AUM (₹195 Cr).
Established history (16+ yrs).
Rating: 3★ (upper mid).
Risk profile: High.
5Y return: 20.73% (top quartile).
3Y return: 29.05% (top quartile).
1Y return: 49.67% (top quartile).
Alpha: 0.00 (upper mid).
Sharpe: 1.76 (upper mid).
Information ratio: 0.00 (top quartile).

Edelweiss Europe Dynamic Equity Off-shore Fund

Upper mid AUM (₹283 Cr).
Established history (12+ yrs).
Rating: 3★ (upper mid).
Risk profile: High.
5Y return: 14.83% (upper mid).
3Y return: 24.60% (lower mid).
1Y return: 21.53% (bottom quartile).
Alpha: 0.00 (upper mid).
Sharpe: 1.91 (top quartile).
Information ratio: 0.00 (top quartile).

Invesco India Feeder- Invesco Pan European Equity Fund

Lower mid AUM (₹230 Cr).
Established history (12+ yrs).
Rating: 3★ (upper mid).
Risk profile: High.
5Y return: 15.08% (upper mid).
3Y return: 21.03% (bottom quartile).
1Y return: 31.09% (lower mid).
Alpha: 0.00 (upper mid).
Sharpe: 1.76 (upper mid).
Information ratio: 0.00 (upper mid).

Edelweiss Emerging Markets Opportunities Equity Off-shore Fund

Lower mid AUM (₹275 Cr).
Established history (12+ yrs).
Rating: 3★ (lower mid).
Risk profile: High.
5Y return: 11.51% (bottom quartile).
3Y return: 28.80% (upper mid).
1Y return: 44.41% (top quartile).
Alpha: 4.19 (top quartile).
Sharpe: 1.80 (top quartile).
Information ratio: -0.37 (lower mid).

DSP World Energy Fund

Bottom quartile AUM (₹110 Cr).
Established history (17+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: High.
5Y return: 10.35% (bottom quartile).
3Y return: 18.52% (bottom quartile).
1Y return: 25.58% (lower mid).
Alpha: 0.00 (lower mid).
Sharpe: 1.48 (upper mid).
Information ratio: 0.00 (upper mid).

Kotak Global Emerging Market Fund

Top quartile AUM (₹1,730 Cr).
Established history (19+ yrs).
Rating: 3★ (lower mid).
Risk profile: High.
5Y return: 12.58% (lower mid).
3Y return: 27.27% (upper mid).
1Y return: 36.96% (upper mid).
Alpha: -6.20 (bottom quartile).
Sharpe: 1.39 (lower mid).
Information ratio: -0.83 (bottom quartile).

Aditya Birla Sun Life International Equity Fund - Plan A

Upper mid AUM (₹328 Cr).
Established history (18+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: High.
5Y return: 12.05% (lower mid).
3Y return: 21.80% (lower mid).
1Y return: 18.46% (bottom quartile).
Alpha: -10.40 (bottom quartile).
Sharpe: 1.03 (bottom quartile).
Information ratio: -1.42 (bottom quartile).

DSP US Flexible Equity Fund

Upper mid AUM (₹1,270 Cr).
Established history (14+ yrs).
Top rated.
Risk profile: High.
5Y return: 18.35% (upper mid).
3Y return: 27.76% (upper mid).
1Y return: 31.21% (upper mid).
Alpha: -7.01 (bottom quartile).
Sharpe: 1.42 (lower mid).
Information ratio: -0.07 (lower mid).

Sundaram Global Advantage Fund

Bottom quartile AUM (₹174 Cr).
Established history (19+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: High.
5Y return: 11.52% (bottom quartile).
3Y return: 18.32% (bottom quartile).
1Y return: 14.79% (bottom quartile).
Alpha: 0.00 (lower mid).
Sharpe: 0.99 (bottom quartile).
Information ratio: 0.00 (upper mid).

Top Performing Debt Funds based on 2024 Performance

Fund	NAV	Net Assets (Cr)	2025 (%)	2024 (%)	2023 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
DSP Credit Risk Fund Growth	₹55.2155 ↓ -0.02	₹310	21	7.8	15.6	8.21%	2Y 2M 26D	2Y 4M 28D
Aditya Birla Sun Life Credit Risk Fund Growth	₹25.4389 ↓ -0.01	₹1,600	13.4	11.9	6.9	8.03%	1Y 11M 16D	2Y 7M 17D
Aditya Birla Sun Life Medium Term Plan Growth	₹43.7662 ↓ -0.03	₹3,319	10.9	10.5	6.9	8.09%	2Y 11M 12D	4Y 4M 10D
Nippon India Strategic Debt Fund Growth	₹16.8411 ↓ -0.01	₹147	9.6	8.3	7	7.82%	3Y 8M 19D	5Y 6M 14D
ICICI Prudential Regular Savings Fund Growth	₹34.8479 ↓ -0.02	₹6,333	9.5	8.5	7.2	8.53%	1Y 9M 25D	2Y 8M 5D
Invesco India Credit Risk Fund Growth	₹2,081.13 ↓ -0.86	₹167	9.2	7.3	11.6	7.5%	3Y 7D	4Y 2M 19D
Kotak Credit Risk Fund Growth	₹31.9317 ↓ -0.02	₹773	9.1	7.1	6.4	8.57%	1Y 8M 8D	2Y 8M 23D
Franklin India Corporate Debt Fund Growth	₹106.714 ↓ -0.07	₹1,333	9.1	7.6	6.5	7.48%	1Y 7M 17D	3Y 2M 16D
ICICI Prudential Medium Term Bond Fund Growth	₹48.569 ↓ -0.04	₹5,419	9	8	7	8.29%	3Y 11D	5Y 9M 29D
Nippon India Credit Risk Fund Growth	₹38.127 ↓ -0.02	₹1,574	8.9	8.3	7.9	8.66%	1Y 11M 26D	2Y 4M 13D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 25 Sep 26

Research Highlights & Commentary of 10 Funds showcased

Commentary	DSP Credit Risk Fund	Aditya Birla Sun Life Credit Risk Fund	Aditya Birla Sun Life Medium Term Plan	Nippon India Strategic Debt Fund	ICICI Prudential Regular Savings Fund	Invesco India Credit Risk Fund	Kotak Credit Risk Fund	Franklin India Corporate Debt Fund	ICICI Prudential Medium Term Bond Fund	Nippon India Credit Risk Fund
Point 1	Bottom quartile AUM (₹310 Cr).	Upper mid AUM (₹1,600 Cr).	Upper mid AUM (₹3,319 Cr).	Bottom quartile AUM (₹147 Cr).	Highest AUM (₹6,333 Cr).	Bottom quartile AUM (₹167 Cr).	Lower mid AUM (₹773 Cr).	Lower mid AUM (₹1,333 Cr).	Top quartile AUM (₹5,419 Cr).	Upper mid AUM (₹1,574 Cr).
Point 2	Established history (23+ yrs).	Established history (11+ yrs).	Established history (17+ yrs).	Established history (12+ yrs).	Established history (15+ yrs).	Established history (12+ yrs).	Established history (16+ yrs).	Oldest track record among peers (29 yrs).	Established history (22+ yrs).	Established history (21+ yrs).
Point 3	Top rated.	Not Rated.	Rating: 4★ (top quartile).	Rating: 4★ (upper mid).	Rating: 1★ (bottom quartile).	Rating: 4★ (upper mid).	Rating: 3★ (upper mid).	Rating: 2★ (lower mid).	Rating: 2★ (lower mid).	Rating: 2★ (bottom quartile).
Point 4	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderately Low.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.
Point 5	1Y return: 10.09% (top quartile).	1Y return: 11.46% (top quartile).	1Y return: 8.02% (upper mid).	1Y return: 5.32% (bottom quartile).	1Y return: 7.31% (upper mid).	1Y return: 6.46% (lower mid).	1Y return: 6.24% (bottom quartile).	1Y return: 5.50% (bottom quartile).	1Y return: 6.40% (lower mid).	1Y return: 6.84% (upper mid).
Point 6	1M return: 0.17% (upper mid).	1M return: 0.24% (top quartile).	1M return: -0.02% (lower mid).	1M return: -0.04% (bottom quartile).	1M return: 0.16% (upper mid).	1M return: -0.14% (bottom quartile).	1M return: 0.15% (lower mid).	1M return: 0.22% (upper mid).	1M return: -0.04% (bottom quartile).	1M return: 0.29% (top quartile).
Point 7	Sharpe: 0.80 (lower mid).	Sharpe: 1.89 (top quartile).	Sharpe: 1.28 (upper mid).	Sharpe: 0.22 (bottom quartile).	Sharpe: 1.52 (top quartile).	Sharpe: 0.75 (lower mid).	Sharpe: 0.71 (bottom quartile).	Sharpe: 0.25 (bottom quartile).	Sharpe: 0.84 (upper mid).	Sharpe: 0.99 (upper mid).
Point 8	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	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): 8.21% (upper mid).	Yield to maturity (debt): 8.03% (lower mid).	Yield to maturity (debt): 8.09% (lower mid).	Yield to maturity (debt): 7.82% (bottom quartile).	Yield to maturity (debt): 8.53% (upper mid).	Yield to maturity (debt): 7.50% (bottom quartile).	Yield to maturity (debt): 8.57% (top quartile).	Yield to maturity (debt): 7.48% (bottom quartile).	Yield to maturity (debt): 8.29% (upper mid).	Yield to maturity (debt): 8.66% (top quartile).
Point 10	Modified duration: 2.24 yrs (lower mid).	Modified duration: 1.96 yrs (upper mid).	Modified duration: 2.95 yrs (lower mid).	Modified duration: 3.72 yrs (bottom quartile).	Modified duration: 1.82 yrs (upper mid).	Modified duration: 3.02 yrs (bottom quartile).	Modified duration: 1.69 yrs (top quartile).	Modified duration: 1.63 yrs (top quartile).	Modified duration: 3.03 yrs (bottom quartile).	Modified duration: 1.99 yrs (upper mid).

DSP Credit Risk Fund

Bottom quartile AUM (₹310 Cr).
Established history (23+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 10.09% (top quartile).
1M return: 0.17% (upper mid).
Sharpe: 0.80 (lower mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 8.21% (upper mid).
Modified duration: 2.24 yrs (lower mid).

Aditya Birla Sun Life Credit Risk Fund

Upper mid AUM (₹1,600 Cr).
Established history (11+ yrs).
Not Rated.
Risk profile: Moderate.
1Y return: 11.46% (top quartile).
1M return: 0.24% (top quartile).
Sharpe: 1.89 (top quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 8.03% (lower mid).
Modified duration: 1.96 yrs (upper mid).

Aditya Birla Sun Life Medium Term Plan

Upper mid AUM (₹3,319 Cr).
Established history (17+ yrs).
Rating: 4★ (top quartile).
Risk profile: Moderate.
1Y return: 8.02% (upper mid).
1M return: -0.02% (lower mid).
Sharpe: 1.28 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 8.09% (lower mid).
Modified duration: 2.95 yrs (lower mid).

Nippon India Strategic Debt Fund

Bottom quartile AUM (₹147 Cr).
Established history (12+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
1Y return: 5.32% (bottom quartile).
1M return: -0.04% (bottom quartile).
Sharpe: 0.22 (bottom quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.82% (bottom quartile).
Modified duration: 3.72 yrs (bottom quartile).

ICICI Prudential Regular Savings Fund

Highest AUM (₹6,333 Cr).
Established history (15+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderate.
1Y return: 7.31% (upper mid).
1M return: 0.16% (upper mid).
Sharpe: 1.52 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 8.53% (upper mid).
Modified duration: 1.82 yrs (upper mid).

Invesco India Credit Risk Fund

Bottom quartile AUM (₹167 Cr).
Established history (12+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
1Y return: 6.46% (lower mid).
1M return: -0.14% (bottom quartile).
Sharpe: 0.75 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.50% (bottom quartile).
Modified duration: 3.02 yrs (bottom quartile).

Kotak Credit Risk Fund

Lower mid AUM (₹773 Cr).
Established history (16+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately Low.
1Y return: 6.24% (bottom quartile).
1M return: 0.15% (lower mid).
Sharpe: 0.71 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 8.57% (top quartile).
Modified duration: 1.69 yrs (top quartile).

Franklin India Corporate Debt Fund

Lower mid AUM (₹1,333 Cr).
Oldest track record among peers (29 yrs).
Rating: 2★ (lower mid).
Risk profile: Moderate.
1Y return: 5.50% (bottom quartile).
1M return: 0.22% (upper mid).
Sharpe: 0.25 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.48% (bottom quartile).
Modified duration: 1.63 yrs (top quartile).

ICICI Prudential Medium Term Bond Fund

Top quartile AUM (₹5,419 Cr).
Established history (22+ yrs).
Rating: 2★ (lower mid).
Risk profile: Moderate.
1Y return: 6.40% (lower mid).
1M return: -0.04% (bottom quartile).
Sharpe: 0.84 (upper mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 8.29% (upper mid).
Modified duration: 3.03 yrs (bottom quartile).

Nippon India Credit Risk Fund

Upper mid AUM (₹1,574 Cr).
Established history (21+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderate.
1Y return: 6.84% (upper mid).
1M return: 0.29% (top quartile).
Sharpe: 0.99 (upper mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 8.66% (top quartile).
Modified duration: 1.99 yrs (upper mid).

Top Performing Hybrid Funds based on 2024 Performance

Fund	NAV	Net Assets (Cr)	2025 (%)	2024 (%)	2023 (%)	2022 (%)	2021 (%)
ICICI Prudential Multi-Asset Fund Growth	₹795.503 ↓ -8.95	₹87,833	18.6	16.1	24.1	16.8	34.7
SBI Multi Asset Allocation Fund Growth	₹66.4205 ↑ 0.06	₹20,935	18.6	12.8	24.4	6	13
Axis Triple Advantage Fund Growth	₹44.6689 ↑ 0.07	₹2,611	15.3	15.4	12.9	-5.8	22.8
Franklin India Multi - Asset Solution Fund Growth	₹22.4613 ↓ -0.01	₹143	14.1	11.7	14.9	3.9	25.5
ICICI Prudential Equity and Debt Fund Growth	₹398.89 ↑ 1.15	₹52,454	13.3	17.2	28.2	11.7	41.7
HDFC Multi-Asset Fund Growth	₹74.008 ↑ 0.27	₹6,031	13.2	13.5	18	4.3	17.9
SBI Equity Hybrid Fund Growth	₹309.166 ↑ 0.55	₹88,668	12.3	14.2	16.4	2.3	23.6
ICICI Prudential Balanced Advantage Fund Growth	₹77.4 ↑ 0.13	₹75,399	12.2	12.3	16.5	7.9	15.1
UTI Multi Asset Fund Growth	₹77.2411 ↑ 0.22	₹7,063	11.1	20.7	29.1	4.4	11.8
Aditya Birla Sun Life Balanced Advantage Fund Growth	₹112.07 ↑ 0.10	₹10,125	10.1	13	16.5	4.2	13.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Sep 26

Research Highlights & Commentary of 10 Funds showcased

Commentary	ICICI Prudential Multi-Asset Fund	SBI Multi Asset Allocation Fund	Axis Triple Advantage Fund	Franklin India Multi - Asset Solution Fund	ICICI Prudential Equity and Debt Fund	HDFC Multi-Asset Fund	SBI Equity Hybrid Fund	ICICI Prudential Balanced Advantage Fund	UTI Multi Asset Fund	Aditya Birla Sun Life Balanced Advantage Fund
Point 1	Top quartile AUM (₹87,833 Cr).	Upper mid AUM (₹20,935 Cr).	Bottom quartile AUM (₹2,611 Cr).	Bottom quartile AUM (₹143 Cr).	Upper mid AUM (₹52,454 Cr).	Bottom quartile AUM (₹6,031 Cr).	Highest AUM (₹88,668 Cr).	Upper mid AUM (₹75,399 Cr).	Lower mid AUM (₹7,063 Cr).	Lower mid AUM (₹10,125 Cr).
Point 2	Established history (23+ yrs).	Established history (20+ yrs).	Established history (16+ yrs).	Established history (11+ yrs).	Oldest track record among peers (26 yrs).	Established history (21+ yrs).	Established history (21+ yrs).	Established history (19+ yrs).	Established history (17+ yrs).	Established history (26+ yrs).
Point 3	Rating: 2★ (lower mid).	Top rated.	Rating: 2★ (bottom quartile).	Not Rated.	Rating: 4★ (top quartile).	Rating: 3★ (upper mid).	Rating: 4★ (upper mid).	Rating: 3★ (upper mid).	Rating: 1★ (bottom quartile).	Rating: 3★ (lower mid).
Point 4	Risk profile: Moderately High.	Risk profile: Moderate.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderate.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 14.70% (top quartile).	5Y return: 12.36% (upper mid).	5Y return: 7.58% (bottom quartile).	5Y return: 10.08% (upper mid).	5Y return: 13.62% (top quartile).	5Y return: 9.44% (lower mid).	5Y return: 8.57% (bottom quartile).	5Y return: 9.82% (lower mid).	5Y return: 11.77% (upper mid).	5Y return: 8.75% (bottom quartile).
Point 6	3Y return: 13.22% (upper mid).	3Y return: 13.99% (top quartile).	3Y return: 12.77% (upper mid).	3Y return: 12.08% (lower mid).	3Y return: 12.46% (upper mid).	3Y return: 10.61% (bottom quartile).	3Y return: 11.17% (lower mid).	3Y return: 10.34% (bottom quartile).	3Y return: 13.77% (top quartile).	3Y return: 10.55% (bottom quartile).
Point 7	1Y return: 1.99% (bottom quartile).	1Y return: 9.13% (top quartile).	1Y return: 7.84% (top quartile).	1Y return: 5.83% (upper mid).	1Y return: -0.36% (bottom quartile).	1Y return: 1.36% (bottom quartile).	1Y return: 2.27% (lower mid).	1Y return: 3.09% (upper mid).	1Y return: 2.79% (lower mid).	1Y return: 5.35% (upper mid).
Point 8	1M return: -3.62% (bottom quartile).	1M return: -1.81% (top quartile).	1M return: -3.33% (lower mid).	1M return: 0.28% (top quartile).	1M return: -2.64% (upper mid).	1M return: -3.15% (upper mid).	1M return: -3.56% (bottom quartile).	1M return: -3.47% (lower mid).	1M return: -4.33% (bottom quartile).	1M return: -2.31% (upper mid).
Point 9	Alpha: 0.00 (top quartile).	Alpha: 0.00 (upper mid).	Alpha: 0.00 (upper mid).	Alpha: 0.00 (upper mid).	Alpha: -0.27 (bottom quartile).	Alpha: 0.00 (lower mid).	Alpha: 3.46 (top quartile).	Alpha: 0.00 (lower mid).	Alpha: 0.00 (bottom quartile).	Alpha: 0.00 (bottom quartile).
Point 10	Sharpe: 0.28 (lower mid).	Sharpe: 0.80 (top quartile).	Sharpe: 0.71 (top quartile).	Sharpe: 0.56 (upper mid).	Sharpe: -0.07 (bottom quartile).	Sharpe: 0.11 (bottom quartile).	Sharpe: 0.21 (bottom quartile).	Sharpe: 0.27 (lower mid).	Sharpe: 0.30 (upper mid).	Sharpe: 0.35 (upper mid).

ICICI Prudential Multi-Asset Fund

Top quartile AUM (₹87,833 Cr).
Established history (23+ yrs).
Rating: 2★ (lower mid).
Risk profile: Moderately High.
5Y return: 14.70% (top quartile).
3Y return: 13.22% (upper mid).
1Y return: 1.99% (bottom quartile).
1M return: -3.62% (bottom quartile).
Alpha: 0.00 (top quartile).
Sharpe: 0.28 (lower mid).

SBI Multi Asset Allocation Fund

Upper mid AUM (₹20,935 Cr).
Established history (20+ yrs).
Top rated.
Risk profile: Moderate.
5Y return: 12.36% (upper mid).
3Y return: 13.99% (top quartile).
1Y return: 9.13% (top quartile).
1M return: -1.81% (top quartile).
Alpha: 0.00 (upper mid).
Sharpe: 0.80 (top quartile).

Axis Triple Advantage Fund

Bottom quartile AUM (₹2,611 Cr).
Established history (16+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 7.58% (bottom quartile).
3Y return: 12.77% (upper mid).
1Y return: 7.84% (top quartile).
1M return: -3.33% (lower mid).
Alpha: 0.00 (upper mid).
Sharpe: 0.71 (top quartile).

Franklin India Multi - Asset Solution Fund

Bottom quartile AUM (₹143 Cr).
Established history (11+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 10.08% (upper mid).
3Y return: 12.08% (lower mid).
1Y return: 5.83% (upper mid).
1M return: 0.28% (top quartile).
Alpha: 0.00 (upper mid).
Sharpe: 0.56 (upper mid).

ICICI Prudential Equity and Debt Fund

Upper mid AUM (₹52,454 Cr).
Oldest track record among peers (26 yrs).
Rating: 4★ (top quartile).
Risk profile: Moderately High.
5Y return: 13.62% (top quartile).
3Y return: 12.46% (upper mid).
1Y return: -0.36% (bottom quartile).
1M return: -2.64% (upper mid).
Alpha: -0.27 (bottom quartile).
Sharpe: -0.07 (bottom quartile).

HDFC Multi-Asset Fund

Bottom quartile AUM (₹6,031 Cr).
Established history (21+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderate.
5Y return: 9.44% (lower mid).
3Y return: 10.61% (bottom quartile).
1Y return: 1.36% (bottom quartile).
1M return: -3.15% (upper mid).
Alpha: 0.00 (lower mid).
Sharpe: 0.11 (bottom quartile).

SBI Equity Hybrid Fund

Highest AUM (₹88,668 Cr).
Established history (21+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 8.57% (bottom quartile).
3Y return: 11.17% (lower mid).
1Y return: 2.27% (lower mid).
1M return: -3.56% (bottom quartile).
Alpha: 3.46 (top quartile).
Sharpe: 0.21 (bottom quartile).

ICICI Prudential Balanced Advantage Fund

Upper mid AUM (₹75,399 Cr).
Established history (19+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 9.82% (lower mid).
3Y return: 10.34% (bottom quartile).
1Y return: 3.09% (upper mid).
1M return: -3.47% (lower mid).
Alpha: 0.00 (lower mid).
Sharpe: 0.27 (lower mid).

UTI Multi Asset Fund

Lower mid AUM (₹7,063 Cr).
Established history (17+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 11.77% (upper mid).
3Y return: 13.77% (top quartile).
1Y return: 2.79% (lower mid).
1M return: -4.33% (bottom quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: 0.30 (upper mid).

Aditya Birla Sun Life Balanced Advantage Fund

Lower mid AUM (₹10,125 Cr).
Established history (26+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 8.75% (bottom quartile).
3Y return: 10.55% (bottom quartile).
1Y return: 5.35% (upper mid).
1M return: -2.31% (upper mid).
Alpha: 0.00 (bottom quartile).
Sharpe: 0.35 (upper mid).

How to Select Best Mutual Funds?

The process of selecting best mutual funds are as follows.

Investment Objective: Individuals do any investment to accomplish a particular objective. Therefore, it is important to decide why the investment is being done. Some of the objectives for which individuals invest in Mutual Funds are purchasing a house, purchasing a vehicle, Retirement planning, planning for marriage, and much more.
Tenure, Expected Returns, & Risk-Appetite: Once you determine the investment objective, the next step is to determine the tenure of the investment along with expected returns and risk-appetite. Individuals should decide the tenure till which they need to invest. Along with tenure, individuals should also check for expected returns and risk-appetite. Determining the three parameters will help you decide the type of scheme that you can choose to invest.
Check Details About Mutual Fund Scheme: After deciding the type of scheme to invest, individuals should understand about the scheme. People should check various aspects of the scheme such as the fund age, its AUM or asset size of the scheme, expense ratio, and fund performance. Along with these parameters, individuals should also check the credentials of the fund manager managing the scheme.
Check the Credentials of Fund House: Apart from assessing the details of Mutual Fund scheme, individuals should also check the credentials of the fund house or the Asset Management Company (AMC). It is because, it is the fund house that is responsible for managing the schemes. As a result, the fund house is also responsible for the performance of the scheme.
Review Your Investments Regularly: Just Investing is not enough. Individuals should not take a back seat after investing in Mutual Funds. They should review their investments regularly and in a timely manner so that they can earn maximum returns on their investments.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.