Best Mutual Funds with Highest Returns 2026

Updated on February 2, 2026 , 16142 views

Selecting a right fund to invest is not easy! Many investor looks for the best performing funds to get the best returns. However, returns are not the only criteria that an investor should look in a fund. Various important parameters like AUM, fund age, peer average returns, fund manager, exit load, etc., decides the stability and performance of Mutual Fund schemes. Investors who are looking at the highest return funds, can analyse the Mutual Fund performances for over the past few years, and invest in the fund that has delivered the most stable returns. First, let’s understand the basic of Mutual Funds.

What are Mutual Funds?

Mutual Funds are one of the most popular ways of Investing money. It pools the money from the investors and invests this in stocks, money market instruments, Bonds and other types of securities. For instance, an equity fund invests in stocks/shares of the company, and a debt fund invests in Debentures, bonds, etc. Each Mutual Fund types come with an investment objective. There are around 42 Mutual Fund companies in India (called Asset Management Companies or AMCs) that provide Mutual Fund schemes. These Mutual Fund companies are regulated by SEBI. Securities and Exchange Board of India (SEBI) is the regulatory body for Mutual Funds in India.

Best Mutual Funds to Invest with Highest Returns

The various Types of Mutual Funds are Equity Funds, debt funds and hybrid funds. Each fund has certain investment objectives and aims at fulfilling investment goals of the investors. So, let’s have a look at these schemes along with their funds that are delivering high returns.

Best Debt Mutual Funds with Highest Returns 2026

Debt Mutual Funds mainly invests in a fixed income instrument like government securities, treasury bills, corporate bonds, etc. These funds are ideally preferred by those who are looking for a steady income and higher returns than traditional Bank accounts. Debt funds are known for its optimal returns over the short-term. Investors with a low-appetite who wants to invest in Mutual Funds should prefer investing in debt funds. These funds are comparatively less volatile than equities. Debt funds like liquid, ultra-short term, short term are a good option for short-term investments. Long-term debt funds are risky and the maturity of these securities could for up to 5-7 years, in some case up to 10 years & above. Following are the categories of debt funds, along with their highest returns.

Fund Selection Methodology used to find 5 funds

Category: Debt
Sub-category: Liquid%20Fund
Sorted On : 1-year return (high to low)
Tags: fcpro
No Of Funds: 5

Top 5 Liquid Funds with 1 Year Highest Returns

Fund	NAV	Net Assets (Cr)	1 MO (%)	3 MO (%)	6 MO (%)	1 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
IDBI Liquid Fund Growth	₹2,454.04 ↑ 0.35	₹503	0.5	1.7	3.4	6.6		6.66%	1M 7D	1M 10D
BOI AXA Liquid Fund Growth	₹3,112.98 ↑ 1.01	₹1,107	0.5	1.5	3	6.4	6.6	5.94%	2M 1D	1M 20D
Axis Liquid Fund Growth	₹3,009.04 ↑ 0.92	₹35,653	0.5	1.5	2.9	6.4	6.6	6.06%	1M 28D	2M 2D
Edelweiss Liquid Fund Growth	₹3,455.97 ↑ 1.11	₹10,414	0.5	1.5	2.9	6.4	6.5	6.03%	2M 1D	2M 1D
Indiabulls Liquid Fund Growth	₹2,612.9 ↑ 0.74	₹165	0.5	1.5	2.9	6.4	6.6	6.02%	2M	2M 1D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 28 Jul 23

Research Highlights & Commentary of 5 Funds showcased

Commentary	IDBI Liquid Fund	BOI AXA Liquid Fund	Axis Liquid Fund	Edelweiss Liquid Fund	Indiabulls Liquid Fund
Point 1	Bottom quartile AUM (₹503 Cr).	Lower mid AUM (₹1,107 Cr).	Highest AUM (₹35,653 Cr).	Upper mid AUM (₹10,414 Cr).	Bottom quartile AUM (₹165 Cr).
Point 2	Established history (15+ yrs).	Established history (17+ yrs).	Established history (16+ yrs).	Oldest track record among peers (18 yrs).	Established history (14+ yrs).
Point 3	Rating: 3★ (lower mid).	Rating: 3★ (bottom quartile).	Rating: 4★ (upper mid).	Rating: 2★ (bottom quartile).	Top rated.
Point 4	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.
Point 5	1Y return: 6.55% (top quartile).	1Y return: 6.45% (upper mid).	1Y return: 6.42% (lower mid).	1Y return: 6.41% (bottom quartile).	1Y return: 6.41% (bottom quartile).
Point 6	1M return: 0.53% (top quartile).	1M return: 0.50% (upper mid).	1M return: 0.49% (lower mid).	1M return: 0.48% (bottom quartile).	1M return: 0.47% (bottom quartile).
Point 7	Sharpe: 0.20 (bottom quartile).	Sharpe: 4.02 (top quartile).	Sharpe: 3.47 (lower mid).	Sharpe: 3.82 (upper mid).	Sharpe: 3.18 (bottom quartile).
Point 8	Information ratio: -5.96 (bottom quartile).	Information ratio: 1.26 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: -0.71 (bottom quartile).
Point 9	Yield to maturity (debt): 6.66% (top quartile).	Yield to maturity (debt): 5.94% (bottom quartile).	Yield to maturity (debt): 6.06% (upper mid).	Yield to maturity (debt): 6.03% (lower mid).	Yield to maturity (debt): 6.02% (bottom quartile).
Point 10	Modified duration: 0.10 yrs (top quartile).	Modified duration: 0.17 yrs (bottom quartile).	Modified duration: 0.16 yrs (upper mid).	Modified duration: 0.17 yrs (bottom quartile).	Modified duration: 0.17 yrs (lower mid).

IDBI Liquid Fund

Bottom quartile AUM (₹503 Cr).
Established history (15+ yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.55% (top quartile).
1M return: 0.53% (top quartile).
Sharpe: 0.20 (bottom quartile).
Information ratio: -5.96 (bottom quartile).
Yield to maturity (debt): 6.66% (top quartile).
Modified duration: 0.10 yrs (top quartile).

BOI AXA Liquid Fund

Lower mid AUM (₹1,107 Cr).
Established history (17+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.45% (upper mid).
1M return: 0.50% (upper mid).
Sharpe: 4.02 (top quartile).
Information ratio: 1.26 (top quartile).
Yield to maturity (debt): 5.94% (bottom quartile).
Modified duration: 0.17 yrs (bottom quartile).

Axis Liquid Fund

Highest AUM (₹35,653 Cr).
Established history (16+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.42% (lower mid).
1M return: 0.49% (lower mid).
Sharpe: 3.47 (lower mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.06% (upper mid).
Modified duration: 0.16 yrs (upper mid).

Edelweiss Liquid Fund

Upper mid AUM (₹10,414 Cr).
Oldest track record among peers (18 yrs).
Rating: 2★ (bottom quartile).
Risk profile: Low.
1Y return: 6.41% (bottom quartile).
1M return: 0.48% (bottom quartile).
Sharpe: 3.82 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.03% (lower mid).
Modified duration: 0.17 yrs (bottom quartile).

Indiabulls Liquid Fund

Bottom quartile AUM (₹165 Cr).
Established history (14+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.41% (bottom quartile).
1M return: 0.47% (bottom quartile).
Sharpe: 3.18 (bottom quartile).
Information ratio: -0.71 (bottom quartile).
Yield to maturity (debt): 6.02% (bottom quartile).
Modified duration: 0.17 yrs (lower mid).

Top 5 Ultra Short Term Funds with 1 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Franklin India Ultra Short Bond Fund - Super Institutional Plan Growth	₹34.9131 ↑ 0.04	₹297	1.3	5.9	13.7	8.8		0%		1Y 15D
Aditya Birla Sun Life Savings Fund Growth	₹568.669 ↑ 0.36	₹23,615	1.3	2.9	7.1	7.4	7.4	6.81%	5M 19D	6M 11D
ICICI Prudential Ultra Short Term Fund Growth	₹28.6967 ↑ 0.01	₹16,907	1.3	2.8	6.9	7.1	7.1	6.82%	5M 19D	7M 10D
SBI Magnum Ultra Short Duration Fund Growth	₹6,187.49 ↑ 2.80	₹14,639	1.4	2.8	6.8	7.1	7	6.49%	5M 5D	5M 23D
Kotak Savings Fund Growth	₹44.3602 ↑ 0.02	₹14,243	1.3	2.7	6.6	6.9	6.8	6.66%	5M 26D	6M 25D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 7 Aug 22

Research Highlights & Commentary of 5 Funds showcased

Commentary	Franklin India Ultra Short Bond Fund - Super Institutional Plan	Aditya Birla Sun Life Savings Fund	ICICI Prudential Ultra Short Term Fund	SBI Magnum Ultra Short Duration Fund	Kotak Savings Fund
Point 1	Bottom quartile AUM (₹297 Cr).	Highest AUM (₹23,615 Cr).	Upper mid AUM (₹16,907 Cr).	Lower mid AUM (₹14,639 Cr).	Bottom quartile AUM (₹14,243 Cr).
Point 2	Established history (18+ yrs).	Established history (22+ yrs).	Established history (14+ yrs).	Oldest track record among peers (26 yrs).	Established history (21+ yrs).
Point 3	Rating: 1★ (bottom quartile).	Top rated.	Rating: 3★ (upper mid).	Rating: 3★ (lower mid).	Rating: 3★ (bottom quartile).
Point 4	Risk profile: Moderate.	Risk profile: Moderately Low.	Risk profile: Moderate.	Risk profile: Low.	Risk profile: Moderately Low.
Point 5	1Y return: 13.69% (top quartile).	1Y return: 7.15% (upper mid).	1Y return: 6.88% (lower mid).	1Y return: 6.79% (bottom quartile).	1Y return: 6.65% (bottom quartile).
Point 6	1M return: 0.59% (top quartile).	1M return: 0.40% (bottom quartile).	1M return: 0.41% (bottom quartile).	1M return: 0.43% (upper mid).	1M return: 0.43% (lower mid).
Point 7	Sharpe: 2.57 (bottom quartile).	Sharpe: 3.14 (top quartile).	Sharpe: 2.94 (upper mid).	Sharpe: 2.90 (lower mid).	Sharpe: 2.06 (bottom quartile).
Point 8	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 0.00% (bottom quartile).	Yield to maturity (debt): 6.81% (upper mid).	Yield to maturity (debt): 6.82% (top quartile).	Yield to maturity (debt): 6.49% (bottom quartile).	Yield to maturity (debt): 6.66% (lower mid).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 0.47 yrs (lower mid).	Modified duration: 0.47 yrs (bottom quartile).	Modified duration: 0.43 yrs (upper mid).	Modified duration: 0.49 yrs (bottom quartile).

Franklin India Ultra Short Bond Fund - Super Institutional Plan

Bottom quartile AUM (₹297 Cr).
Established history (18+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderate.
1Y return: 13.69% (top quartile).
1M return: 0.59% (top quartile).
Sharpe: 2.57 (bottom quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 0.00% (bottom quartile).
Modified duration: 0.00 yrs (top quartile).

Aditya Birla Sun Life Savings Fund

Highest AUM (₹23,615 Cr).
Established history (22+ yrs).
Top rated.
Risk profile: Moderately Low.
1Y return: 7.15% (upper mid).
1M return: 0.40% (bottom quartile).
Sharpe: 3.14 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.81% (upper mid).
Modified duration: 0.47 yrs (lower mid).

ICICI Prudential Ultra Short Term Fund

Upper mid AUM (₹16,907 Cr).
Established history (14+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderate.
1Y return: 6.88% (lower mid).
1M return: 0.41% (bottom quartile).
Sharpe: 2.94 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.82% (top quartile).
Modified duration: 0.47 yrs (bottom quartile).

SBI Magnum Ultra Short Duration Fund

Lower mid AUM (₹14,639 Cr).
Oldest track record among peers (26 yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.79% (bottom quartile).
1M return: 0.43% (upper mid).
Sharpe: 2.90 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.49% (bottom quartile).
Modified duration: 0.43 yrs (upper mid).

Kotak Savings Fund

Bottom quartile AUM (₹14,243 Cr).
Established history (21+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 6.65% (bottom quartile).
1M return: 0.43% (lower mid).
Sharpe: 2.06 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.66% (lower mid).
Modified duration: 0.49 yrs (bottom quartile).

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Top 5 Short Term Funds with 3 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Franklin India Short Term Income Plan - Retail Plan Growth	₹15,041.3 ↑ 0.11	₹13	192.1	192.1	192.1	47.3		0%
ICICI Prudential Short Term Fund Growth	₹62.296 ↑ 0.07	₹20,935	1.1	2.4	7.5	7.6	8	7.32%	2Y 6M 29D	4Y 7M 24D
HDFC Short Term Debt Fund Growth	₹33.1005 ↑ 0.04	₹18,079	0.9	2.3	7.3	7.6	7.8	7.11%	2Y 5M 12D	3Y 6M 25D
Axis Short Term Fund Growth	₹31.974 ↑ 0.04	₹12,708	0.9	2.3	7.5	7.5	8.1	7.04%	2Y 3M 14D	2Y 10M 2D
Nippon India Short Term Fund Growth	₹54.5692 ↑ 0.06	₹9,723	0.8	2.2	7.4	7.5	7.9	0%
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 2 May 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	Franklin India Short Term Income Plan - Retail Plan	ICICI Prudential Short Term Fund	HDFC Short Term Debt Fund	Axis Short Term Fund	Nippon India Short Term Fund
Point 1	Bottom quartile AUM (₹13 Cr).	Highest AUM (₹20,935 Cr).	Upper mid AUM (₹18,079 Cr).	Lower mid AUM (₹12,708 Cr).	Bottom quartile AUM (₹9,723 Cr).
Point 2	Oldest track record among peers (24 yrs).	Established history (24+ yrs).	Established history (15+ yrs).	Established history (16+ yrs).	Established history (23+ yrs).
Point 3	Rating: 2★ (bottom quartile).	Top rated.	Rating: 3★ (lower mid).	Rating: 3★ (bottom quartile).	Rating: 4★ (upper mid).
Point 4	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderately Low.	Risk profile: Moderately Low.	Risk profile: Moderately Low.
Point 5	1Y return: 192.10% (top quartile).	1Y return: 7.51% (upper mid).	1Y return: 7.27% (bottom quartile).	1Y return: 7.50% (lower mid).	1Y return: 7.36% (bottom quartile).
Point 6	1M return: 192.10% (top quartile).	1M return: 0.23% (bottom quartile).	1M return: 0.23% (bottom quartile).	1M return: 0.24% (lower mid).	1M return: 0.29% (upper mid).
Point 7	Sharpe: -90.89 (bottom quartile).	Sharpe: 1.58 (top quartile).	Sharpe: 1.26 (lower mid).	Sharpe: 1.41 (upper mid).	Sharpe: 1.15 (bottom quartile).
Point 8	Information ratio: -2.42 (bottom quartile).	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 0.00% (bottom quartile).	Yield to maturity (debt): 7.32% (top quartile).	Yield to maturity (debt): 7.11% (upper mid).	Yield to maturity (debt): 7.04% (lower mid).	Yield to maturity (debt): 0.00% (bottom quartile).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 2.58 yrs (bottom quartile).	Modified duration: 2.45 yrs (bottom quartile).	Modified duration: 2.29 yrs (lower mid).	Modified duration: 0.00 yrs (upper mid).

Franklin India Short Term Income Plan - Retail Plan

Bottom quartile AUM (₹13 Cr).
Oldest track record among peers (24 yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderate.
1Y return: 192.10% (top quartile).
1M return: 192.10% (top quartile).
Sharpe: -90.89 (bottom quartile).
Information ratio: -2.42 (bottom quartile).
Yield to maturity (debt): 0.00% (bottom quartile).
Modified duration: 0.00 yrs (top quartile).

ICICI Prudential Short Term Fund

Highest AUM (₹20,935 Cr).
Established history (24+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 7.51% (upper mid).
1M return: 0.23% (bottom quartile).
Sharpe: 1.58 (top quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.32% (top quartile).
Modified duration: 2.58 yrs (bottom quartile).

HDFC Short Term Debt Fund

Upper mid AUM (₹18,079 Cr).
Established history (15+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately Low.
1Y return: 7.27% (bottom quartile).
1M return: 0.23% (bottom quartile).
Sharpe: 1.26 (lower mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.11% (upper mid).
Modified duration: 2.45 yrs (bottom quartile).

Axis Short Term Fund

Lower mid AUM (₹12,708 Cr).
Established history (16+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 7.50% (lower mid).
1M return: 0.24% (lower mid).
Sharpe: 1.41 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.04% (lower mid).
Modified duration: 2.29 yrs (lower mid).

Nippon India Short Term Fund

Bottom quartile AUM (₹9,723 Cr).
Established history (23+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately Low.
1Y return: 7.36% (bottom quartile).
1M return: 0.29% (upper mid).
Sharpe: 1.15 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 0.00% (bottom quartile).
Modified duration: 0.00 yrs (upper mid).

Top 5 Gilt Funds with 3 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
ICICI Prudential Gilt Fund Growth	₹104.771 ↑ 0.14	₹9,181	0.7	0.9	6	7.6	6.8	7.25%	6Y 6M 7D	18Y 4M 17D
Axis Gilt Fund Growth	₹25.797 ↑ 0.04	₹686	0.3	0.3	4.5	7.1	5.2	6.82%	7Y 7M 2D	17Y 10M 13D
UTI Gilt Fund Growth	₹63.7338 ↑ 0.11	₹545	0.9	0.6	4.8	6.8	5.1	6.65%	5Y 2M 1D	7Y 1M 2D
DSP Government Securities Fund Growth	₹95.9676 ↑ 0.20	₹1,292	0.1	-0.5	3.5	6.8	4.5	7.36%	11Y 1M 20D	30Y 10M 20D
SBI Magnum Gilt Fund Growth	₹66.4821 ↑ 0.08	₹10,817	0.1	0.2	4.1	6.7	4.5	6.44%	5Y 1M 6D	8Y 2M 16D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 4 Feb 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	ICICI Prudential Gilt Fund	Axis Gilt Fund	UTI Gilt Fund	DSP Government Securities Fund	SBI Magnum Gilt Fund
Point 1	Upper mid AUM (₹9,181 Cr).	Bottom quartile AUM (₹686 Cr).	Bottom quartile AUM (₹545 Cr).	Lower mid AUM (₹1,292 Cr).	Highest AUM (₹10,817 Cr).
Point 2	Oldest track record among peers (26 yrs).	Established history (14+ yrs).	Established history (24+ yrs).	Established history (26+ yrs).	Established history (25+ yrs).
Point 3	Top rated.	Rating: 1★ (bottom quartile).	Rating: 4★ (upper mid).	Rating: 3★ (bottom quartile).	Rating: 4★ (lower mid).
Point 4	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.
Point 5	1Y return: 5.98% (top quartile).	1Y return: 4.49% (lower mid).	1Y return: 4.77% (upper mid).	1Y return: 3.48% (bottom quartile).	1Y return: 4.05% (bottom quartile).
Point 6	1M return: -0.15% (lower mid).	1M return: -0.15% (bottom quartile).	1M return: 0.46% (top quartile).	1M return: -0.55% (bottom quartile).	1M return: 0.22% (upper mid).
Point 7	Sharpe: 0.24 (top quartile).	Sharpe: -0.17 (upper mid).	Sharpe: -0.20 (lower mid).	Sharpe: -0.28 (bottom quartile).	Sharpe: -0.32 (bottom quartile).
Point 8	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 7.25% (upper mid).	Yield to maturity (debt): 6.82% (lower mid).	Yield to maturity (debt): 6.65% (bottom quartile).	Yield to maturity (debt): 7.36% (top quartile).	Yield to maturity (debt): 6.44% (bottom quartile).
Point 10	Modified duration: 6.52 yrs (lower mid).	Modified duration: 7.59 yrs (bottom quartile).	Modified duration: 5.17 yrs (upper mid).	Modified duration: 11.14 yrs (bottom quartile).	Modified duration: 5.10 yrs (top quartile).

ICICI Prudential Gilt Fund

Upper mid AUM (₹9,181 Cr).
Oldest track record among peers (26 yrs).
Top rated.
Risk profile: Moderate.
1Y return: 5.98% (top quartile).
1M return: -0.15% (lower mid).
Sharpe: 0.24 (top quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.25% (upper mid).
Modified duration: 6.52 yrs (lower mid).

Axis Gilt Fund

Bottom quartile AUM (₹686 Cr).
Established history (14+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderate.
1Y return: 4.49% (lower mid).
1M return: -0.15% (bottom quartile).
Sharpe: -0.17 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.82% (lower mid).
Modified duration: 7.59 yrs (bottom quartile).

UTI Gilt Fund

Bottom quartile AUM (₹545 Cr).
Established history (24+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
1Y return: 4.77% (upper mid).
1M return: 0.46% (top quartile).
Sharpe: -0.20 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.65% (bottom quartile).
Modified duration: 5.17 yrs (upper mid).

DSP Government Securities Fund

Lower mid AUM (₹1,292 Cr).
Established history (26+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderate.
1Y return: 3.48% (bottom quartile).
1M return: -0.55% (bottom quartile).
Sharpe: -0.28 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.36% (top quartile).
Modified duration: 11.14 yrs (bottom quartile).

SBI Magnum Gilt Fund

Highest AUM (₹10,817 Cr).
Established history (25+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderate.
1Y return: 4.05% (bottom quartile).
1M return: 0.22% (upper mid).
Sharpe: -0.32 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.44% (bottom quartile).
Modified duration: 5.10 yrs (top quartile).

Top 5 Dynamic Funds with 3 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Franklin India Dynamic Accrual Fund Growth	₹94.788 ↑ 0.84	₹99	2.4	22.4	31.9	11.7		0%		3M 18D
IIFL Dynamic Bond Fund Growth	₹23.3924 ↑ 0.04	₹618	0.8	2.3	7.8	8.3	8.5	7.28%	4Y 8M 6D	6Y 7M 11D
Nippon India Dynamic Bond Fund Growth	₹38.2636 ↑ 0.03	₹4,388	0.7	1.4	6.7	7.5	7.1	7.12%	3Y 6M 14D	4Y 9M 4D
ICICI Prudential Long Term Plan Growth	₹37.9214 ↑ 0.05	₹14,929	0.9	1.6	6.5	7.5	7.2	7.62%	4Y 10M 28D	12Y 7M 13D
Aditya Birla Sun Life Dynamic Bond Fund Growth	₹47.3521 ↑ 0.06	₹1,878	0.6	1.2	6.2	7.3	7	7.69%	6Y 11D	12Y 7M 28D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 7 Aug 22

Research Highlights & Commentary of 5 Funds showcased

Commentary	Franklin India Dynamic Accrual Fund	IIFL Dynamic Bond Fund	Nippon India Dynamic Bond Fund	ICICI Prudential Long Term Plan	Aditya Birla Sun Life Dynamic Bond Fund
Point 1	Bottom quartile AUM (₹99 Cr).	Bottom quartile AUM (₹618 Cr).	Upper mid AUM (₹4,388 Cr).	Highest AUM (₹14,929 Cr).	Lower mid AUM (₹1,878 Cr).
Point 2	Oldest track record among peers (28 yrs).	Established history (12+ yrs).	Established history (21+ yrs).	Established history (16+ yrs).	Established history (21+ yrs).
Point 3	Rating: 1★ (lower mid).	Not Rated.	Not Rated.	Top rated.	Rating: 3★ (upper mid).
Point 4	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.
Point 5	1Y return: 31.90% (top quartile).	1Y return: 7.83% (upper mid).	1Y return: 6.68% (lower mid).	1Y return: 6.54% (bottom quartile).	1Y return: 6.20% (bottom quartile).
Point 6	1M return: 1.43% (top quartile).	1M return: 0.28% (lower mid).	1M return: 0.45% (upper mid).	1M return: 0.05% (bottom quartile).	1M return: -0.05% (bottom quartile).
Point 7	Sharpe: 1.19 (top quartile).	Sharpe: 0.94 (upper mid).	Sharpe: 0.39 (bottom quartile).	Sharpe: 0.53 (lower mid).	Sharpe: 0.30 (bottom quartile).
Point 8	Information ratio: 0.42 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 0.00% (bottom quartile).	Yield to maturity (debt): 7.28% (lower mid).	Yield to maturity (debt): 7.12% (bottom quartile).	Yield to maturity (debt): 7.62% (upper mid).	Yield to maturity (debt): 7.69% (top quartile).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 4.68 yrs (lower mid).	Modified duration: 3.54 yrs (upper mid).	Modified duration: 4.91 yrs (bottom quartile).	Modified duration: 6.03 yrs (bottom quartile).

Franklin India Dynamic Accrual Fund

Bottom quartile AUM (₹99 Cr).
Oldest track record among peers (28 yrs).
Rating: 1★ (lower mid).
Risk profile: Moderate.
1Y return: 31.90% (top quartile).
1M return: 1.43% (top quartile).
Sharpe: 1.19 (top quartile).
Information ratio: 0.42 (top quartile).
Yield to maturity (debt): 0.00% (bottom quartile).
Modified duration: 0.00 yrs (top quartile).

IIFL Dynamic Bond Fund

Bottom quartile AUM (₹618 Cr).
Established history (12+ yrs).
Not Rated.
Risk profile: Moderate.
1Y return: 7.83% (upper mid).
1M return: 0.28% (lower mid).
Sharpe: 0.94 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.28% (lower mid).
Modified duration: 4.68 yrs (lower mid).

Nippon India Dynamic Bond Fund

Upper mid AUM (₹4,388 Cr).
Established history (21+ yrs).
Not Rated.
Risk profile: Moderate.
1Y return: 6.68% (lower mid).
1M return: 0.45% (upper mid).
Sharpe: 0.39 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.12% (bottom quartile).
Modified duration: 3.54 yrs (upper mid).

ICICI Prudential Long Term Plan

Highest AUM (₹14,929 Cr).
Established history (16+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 6.54% (bottom quartile).
1M return: 0.05% (bottom quartile).
Sharpe: 0.53 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.62% (upper mid).
Modified duration: 4.91 yrs (bottom quartile).

Aditya Birla Sun Life Dynamic Bond Fund

Lower mid AUM (₹1,878 Cr).
Established history (21+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderate.
1Y return: 6.20% (bottom quartile).
1M return: -0.05% (bottom quartile).
Sharpe: 0.30 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.69% (top quartile).
Modified duration: 6.03 yrs (bottom quartile).

Best Equity Mutual Funds with Highest Returns 2026

Equity funds mainly invests in stocks or shares of the companies. Buying an equity fund is one of the best ways to own a business (in a small proportion) without starting a company directly. Since, these funds invest in stocks, they are volatile in nature. But, they have great potential to deliver high returns in the long-run. There are various types of equity funds such as Large cap funds, mid-cap & Small cap funds, Diversified Funds, sector funds, etc. Investors who are planning to invest in equities should have a high-risk appetite and should stay invested for a longer duration, ideally up to 5-10 years & more. Following are the Best Equity Mutual Funds with highest returns.

Top 5 Large Cap Funds with 5 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
Nippon India Large Cap Fund Growth	₹92.8723 ↑ 0.20	₹50,876	-0.4	3.4	9.9	19.1	17.9	9.2
ICICI Prudential Bluechip Fund Growth	₹114.35 ↑ 0.63	₹78,502	1.2	4.6	11.1	18.3	16	11.3
HDFC Top 100 Fund Growth	₹1,174.21 ↑ 5.08	₹40,604	1.3	4.2	7.8	16	14.8	7.9
Invesco India Largecap Fund Growth	₹70.57 ↑ 0.19	₹1,718	-1	2.9	9	18	14.6	5.5
TATA Large Cap Fund Growth	₹520.061 ↑ 0.30	₹2,840	0.7	5.6	8.8	15.6	13.6	9.2
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 4 Feb 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	Nippon India Large Cap Fund	ICICI Prudential Bluechip Fund	HDFC Top 100 Fund	Invesco India Largecap Fund	TATA Large Cap Fund
Point 1	Upper mid AUM (₹50,876 Cr).	Highest AUM (₹78,502 Cr).	Lower mid AUM (₹40,604 Cr).	Bottom quartile AUM (₹1,718 Cr).	Bottom quartile AUM (₹2,840 Cr).
Point 2	Established history (18+ yrs).	Established history (17+ yrs).	Oldest track record among peers (29 yrs).	Established history (16+ yrs).	Established history (27+ yrs).
Point 3	Top rated.	Rating: 4★ (upper mid).	Rating: 3★ (lower mid).	Rating: 3★ (bottom quartile).	Rating: 3★ (bottom quartile).
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 17.92% (top quartile).	5Y return: 15.96% (upper mid).	5Y return: 14.84% (lower mid).	5Y return: 14.58% (bottom quartile).	5Y return: 13.63% (bottom quartile).
Point 6	3Y return: 19.08% (top quartile).	3Y return: 18.29% (upper mid).	3Y return: 16.00% (bottom quartile).	3Y return: 18.05% (lower mid).	3Y return: 15.57% (bottom quartile).
Point 7	1Y return: 9.88% (upper mid).	1Y return: 11.05% (top quartile).	1Y return: 7.84% (bottom quartile).	1Y return: 8.95% (lower mid).	1Y return: 8.85% (bottom quartile).
Point 8	Alpha: -0.94 (lower mid).	Alpha: 1.30 (top quartile).	Alpha: -1.63 (bottom quartile).	Alpha: -5.05 (bottom quartile).	Alpha: -0.83 (upper mid).
Point 9	Sharpe: 0.29 (lower mid).	Sharpe: 0.48 (top quartile).	Sharpe: 0.21 (bottom quartile).	Sharpe: 0.04 (bottom quartile).	Sharpe: 0.30 (upper mid).
Point 10	Information ratio: 1.37 (top quartile).	Information ratio: 1.26 (upper mid).	Information ratio: 0.54 (bottom quartile).	Information ratio: 0.67 (lower mid).	Information ratio: 0.30 (bottom quartile).

Nippon India Large Cap Fund

Upper mid AUM (₹50,876 Cr).
Established history (18+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 17.92% (top quartile).
3Y return: 19.08% (top quartile).
1Y return: 9.88% (upper mid).
Alpha: -0.94 (lower mid).
Sharpe: 0.29 (lower mid).
Information ratio: 1.37 (top quartile).

ICICI Prudential Bluechip Fund

Highest AUM (₹78,502 Cr).
Established history (17+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 15.96% (upper mid).
3Y return: 18.29% (upper mid).
1Y return: 11.05% (top quartile).
Alpha: 1.30 (top quartile).
Sharpe: 0.48 (top quartile).
Information ratio: 1.26 (upper mid).

HDFC Top 100 Fund

Lower mid AUM (₹40,604 Cr).
Oldest track record among peers (29 yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 14.84% (lower mid).
3Y return: 16.00% (bottom quartile).
1Y return: 7.84% (bottom quartile).
Alpha: -1.63 (bottom quartile).
Sharpe: 0.21 (bottom quartile).
Information ratio: 0.54 (bottom quartile).

Invesco India Largecap Fund

Bottom quartile AUM (₹1,718 Cr).
Established history (16+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 14.58% (bottom quartile).
3Y return: 18.05% (lower mid).
1Y return: 8.95% (lower mid).
Alpha: -5.05 (bottom quartile).
Sharpe: 0.04 (bottom quartile).
Information ratio: 0.67 (lower mid).

TATA Large Cap Fund

Bottom quartile AUM (₹2,840 Cr).
Established history (27+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 13.63% (bottom quartile).
3Y return: 15.57% (bottom quartile).
1Y return: 8.85% (bottom quartile).
Alpha: -0.83 (upper mid).
Sharpe: 0.30 (upper mid).
Information ratio: 0.30 (bottom quartile).

Top 5 Mid & Small Cap Funds with 5 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
Nippon India Small Cap Fund Growth	₹163.116 ↑ 1.06	₹68,287	-5	-3.4	3.4	21.5	25	-4.7
Motilal Oswal Midcap 30 Fund Growth	₹94.9051 ↑ 0.11	₹36,880	-8.2	-7.9	-2.9	23.4	24.8	-12.1
HDFC Mid-Cap Opportunities Fund Growth	₹203.364 ↑ 0.38	₹92,642	0.4	5.7	14.2	26.2	23.7	6.8
Edelweiss Mid Cap Fund Growth	₹103.44 ↑ 0.41	₹13,650	-0.2	3.8	11.5	26.3	22.4	3.8
HDFC Small Cap Fund Growth	₹136.359 ↑ 0.14	₹37,753	-5.4	-3.1	7.3	19.9	22.3	-0.6
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 4 Feb 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	Nippon India Small Cap Fund	Motilal Oswal Midcap 30 Fund	HDFC Mid-Cap Opportunities Fund	Edelweiss Mid Cap Fund	HDFC Small Cap Fund
Point 1	Upper mid AUM (₹68,287 Cr).	Bottom quartile AUM (₹36,880 Cr).	Highest AUM (₹92,642 Cr).	Bottom quartile AUM (₹13,650 Cr).	Lower mid AUM (₹37,753 Cr).
Point 2	Established history (15+ yrs).	Established history (11+ yrs).	Oldest track record among peers (18 yrs).	Established history (18+ yrs).	Established history (17+ yrs).
Point 3	Top rated.	Rating: 3★ (lower mid).	Rating: 3★ (bottom quartile).	Rating: 3★ (bottom quartile).	Rating: 4★ (upper mid).
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: High.	Risk profile: Moderately High.
Point 5	5Y return: 25.03% (top quartile).	5Y return: 24.82% (upper mid).	5Y return: 23.72% (lower mid).	5Y return: 22.39% (bottom quartile).	5Y return: 22.32% (bottom quartile).
Point 6	3Y return: 21.47% (bottom quartile).	3Y return: 23.42% (lower mid).	3Y return: 26.20% (upper mid).	3Y return: 26.25% (top quartile).	3Y return: 19.87% (bottom quartile).
Point 7	1Y return: 3.40% (bottom quartile).	1Y return: -2.88% (bottom quartile).	1Y return: 14.17% (top quartile).	1Y return: 11.48% (upper mid).	1Y return: 7.33% (lower mid).
Point 8	Alpha: -1.23 (lower mid).	Alpha: -18.12 (bottom quartile).	Alpha: 0.63 (top quartile).	Alpha: -1.98 (bottom quartile).	Alpha: 0.00 (upper mid).
Point 9	Sharpe: -0.42 (bottom quartile).	Sharpe: -0.79 (bottom quartile).	Sharpe: 0.12 (top quartile).	Sharpe: -0.02 (upper mid).	Sharpe: -0.23 (lower mid).
Point 10	Information ratio: -0.02 (bottom quartile).	Information ratio: 0.10 (lower mid).	Information ratio: 0.44 (top quartile).	Information ratio: 0.40 (upper mid).	Information ratio: 0.00 (bottom quartile).

Nippon India Small Cap Fund

Upper mid AUM (₹68,287 Cr).
Established history (15+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 25.03% (top quartile).
3Y return: 21.47% (bottom quartile).
1Y return: 3.40% (bottom quartile).
Alpha: -1.23 (lower mid).
Sharpe: -0.42 (bottom quartile).
Information ratio: -0.02 (bottom quartile).

Motilal Oswal Midcap 30 Fund

Bottom quartile AUM (₹36,880 Cr).
Established history (11+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 24.82% (upper mid).
3Y return: 23.42% (lower mid).
1Y return: -2.88% (bottom quartile).
Alpha: -18.12 (bottom quartile).
Sharpe: -0.79 (bottom quartile).
Information ratio: 0.10 (lower mid).

HDFC Mid-Cap Opportunities Fund

Highest AUM (₹92,642 Cr).
Oldest track record among peers (18 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 23.72% (lower mid).
3Y return: 26.20% (upper mid).
1Y return: 14.17% (top quartile).
Alpha: 0.63 (top quartile).
Sharpe: 0.12 (top quartile).
Information ratio: 0.44 (top quartile).

Edelweiss Mid Cap Fund

Bottom quartile AUM (₹13,650 Cr).
Established history (18+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: High.
5Y return: 22.39% (bottom quartile).
3Y return: 26.25% (top quartile).
1Y return: 11.48% (upper mid).
Alpha: -1.98 (bottom quartile).
Sharpe: -0.02 (upper mid).
Information ratio: 0.40 (upper mid).

HDFC Small Cap Fund

Lower mid AUM (₹37,753 Cr).
Established history (17+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 22.32% (bottom quartile).
3Y return: 19.87% (bottom quartile).
1Y return: 7.33% (lower mid).
Alpha: 0.00 (upper mid).
Sharpe: -0.23 (lower mid).
Information ratio: 0.00 (bottom quartile).

Top 5 Diversified Funds or Multi Cap Funds with 5 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
Nippon India Multi Cap Fund Growth	₹294.855 ↑ 1.58	₹50,352	-3.2	-1.2	8.2	21.8	22.7	4.1
HDFC Equity Fund Growth	₹2,071.49 ↑ 4.82	₹96,295	0.4	5.5	13	22	20.9	11.4
Mahindra Badhat Yojana Growth	₹35.8434 ↑ 0.14	₹6,133	-0.9	2.2	9.7	21.4	19.3	3.4
Parag Parikh Long Term Equity Fund Growth	₹86.1288 ↑ 0.96	₹133,309	-0.4	2.8	7.1	19.8	18.3	7.8
ICICI Prudential Multicap Fund Growth	₹805.24 ↑ 5.48	₹16,263	-0.3	2.2	7.5	20.5	17.6	5.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 4 Feb 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	Nippon India Multi Cap Fund	HDFC Equity Fund	Mahindra Badhat Yojana	Parag Parikh Long Term Equity Fund	ICICI Prudential Multicap Fund
Point 1	Lower mid AUM (₹50,352 Cr).	Upper mid AUM (₹96,295 Cr).	Bottom quartile AUM (₹6,133 Cr).	Highest AUM (₹133,309 Cr).	Bottom quartile AUM (₹16,263 Cr).
Point 2	Established history (20+ yrs).	Oldest track record among peers (31 yrs).	Established history (8+ yrs).	Established history (12+ yrs).	Established history (31+ yrs).
Point 3	Rating: 2★ (bottom quartile).	Top rated.	Not Rated.	Rating: 3★ (upper mid).	Rating: 3★ (lower mid).
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 22.73% (top quartile).	5Y return: 20.85% (upper mid).	5Y return: 19.27% (lower mid).	5Y return: 18.34% (bottom quartile).	5Y return: 17.61% (bottom quartile).
Point 6	3Y return: 21.78% (upper mid).	3Y return: 22.04% (top quartile).	3Y return: 21.44% (lower mid).	3Y return: 19.81% (bottom quartile).	3Y return: 20.54% (bottom quartile).
Point 7	1Y return: 8.23% (lower mid).	1Y return: 12.98% (top quartile).	1Y return: 9.70% (upper mid).	1Y return: 7.10% (bottom quartile).	1Y return: 7.51% (bottom quartile).
Point 8	Alpha: -1.30 (bottom quartile).	Alpha: 3.70 (top quartile).	Alpha: -1.73 (bottom quartile).	Alpha: 0.65 (upper mid).	Alpha: 0.06 (lower mid).
Point 9	Sharpe: -0.05 (bottom quartile).	Sharpe: 0.53 (top quartile).	Sharpe: -0.07 (bottom quartile).	Sharpe: 0.25 (upper mid).	Sharpe: 0.03 (lower mid).
Point 10	Information ratio: 0.64 (lower mid).	Information ratio: 1.24 (top quartile).	Information ratio: 0.17 (bottom quartile).	Information ratio: 0.80 (upper mid).	Information ratio: 0.27 (bottom quartile).

Nippon India Multi Cap Fund

Lower mid AUM (₹50,352 Cr).
Established history (20+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 22.73% (top quartile).
3Y return: 21.78% (upper mid).
1Y return: 8.23% (lower mid).
Alpha: -1.30 (bottom quartile).
Sharpe: -0.05 (bottom quartile).
Information ratio: 0.64 (lower mid).

HDFC Equity Fund

Upper mid AUM (₹96,295 Cr).
Oldest track record among peers (31 yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 20.85% (upper mid).
3Y return: 22.04% (top quartile).
1Y return: 12.98% (top quartile).
Alpha: 3.70 (top quartile).
Sharpe: 0.53 (top quartile).
Information ratio: 1.24 (top quartile).

Mahindra Badhat Yojana

Bottom quartile AUM (₹6,133 Cr).
Established history (8+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 19.27% (lower mid).
3Y return: 21.44% (lower mid).
1Y return: 9.70% (upper mid).
Alpha: -1.73 (bottom quartile).
Sharpe: -0.07 (bottom quartile).
Information ratio: 0.17 (bottom quartile).

Parag Parikh Long Term Equity Fund

Highest AUM (₹133,309 Cr).
Established history (12+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 18.34% (bottom quartile).
3Y return: 19.81% (bottom quartile).
1Y return: 7.10% (bottom quartile).
Alpha: 0.65 (upper mid).
Sharpe: 0.25 (upper mid).
Information ratio: 0.80 (upper mid).

ICICI Prudential Multicap Fund

Bottom quartile AUM (₹16,263 Cr).
Established history (31+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 17.61% (bottom quartile).
3Y return: 20.54% (bottom quartile).
1Y return: 7.51% (bottom quartile).
Alpha: 0.06 (lower mid).
Sharpe: 0.03 (lower mid).
Information ratio: 0.27 (bottom quartile).

Top 5 Sector Funds with 5 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
SBI PSU Fund Growth	₹35.398 ↑ 0.50	₹5,817	5	13.6	21.6	32.8	28.6	11.3
ICICI Prudential Infrastructure Fund Growth	₹197.51 ↑ 1.34	₹8,134	-1.5	2.9	11.3	25.6	28	6.7
Invesco India PSU Equity Fund Growth	₹67.71 ↑ 0.48	₹1,449	1.5	9.3	21.3	32.1	27.1	10.3
HDFC Infrastructure Fund Growth	₹47.738 ↑ 0.42	₹2,452	-2.2	0.9	10.2	27.3	24.8	2.2
DSP India T.I.G.E.R Fund Growth	₹318.763 ↑ 4.00	₹5,323	-0.2	2.6	11.2	25.7	24.7	-2.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 4 Feb 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	SBI PSU Fund	ICICI Prudential Infrastructure Fund	Invesco India PSU Equity Fund	HDFC Infrastructure Fund	DSP India T.I.G.E.R Fund
Point 1	Upper mid AUM (₹5,817 Cr).	Highest AUM (₹8,134 Cr).	Bottom quartile AUM (₹1,449 Cr).	Bottom quartile AUM (₹2,452 Cr).	Lower mid AUM (₹5,323 Cr).
Point 2	Established history (15+ yrs).	Established history (20+ yrs).	Established history (16+ yrs).	Established history (17+ yrs).	Oldest track record among peers (21 yrs).
Point 3	Rating: 2★ (bottom quartile).	Rating: 3★ (upper mid).	Rating: 3★ (lower mid).	Rating: 3★ (bottom quartile).	Top rated.
Point 4	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.
Point 5	5Y return: 28.57% (top quartile).	5Y return: 27.99% (upper mid).	5Y return: 27.06% (lower mid).	5Y return: 24.80% (bottom quartile).	5Y return: 24.68% (bottom quartile).
Point 6	3Y return: 32.80% (top quartile).	3Y return: 25.64% (bottom quartile).	3Y return: 32.09% (upper mid).	3Y return: 27.33% (lower mid).	3Y return: 25.65% (bottom quartile).
Point 7	1Y return: 21.61% (top quartile).	1Y return: 11.27% (lower mid).	1Y return: 21.30% (upper mid).	1Y return: 10.15% (bottom quartile).	1Y return: 11.20% (bottom quartile).
Point 8	Alpha: -0.22 (bottom quartile).	Alpha: 0.00 (top quartile).	Alpha: -1.90 (bottom quartile).	Alpha: 0.00 (upper mid).	Alpha: 0.00 (lower mid).
Point 9	Sharpe: 0.33 (top quartile).	Sharpe: 0.12 (lower mid).	Sharpe: 0.27 (upper mid).	Sharpe: -0.12 (bottom quartile).	Sharpe: -0.31 (bottom quartile).
Point 10	Information ratio: -0.47 (bottom quartile).	Information ratio: 0.00 (top quartile).	Information ratio: -0.37 (bottom quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).

SBI PSU Fund

Upper mid AUM (₹5,817 Cr).
Established history (15+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: High.
5Y return: 28.57% (top quartile).
3Y return: 32.80% (top quartile).
1Y return: 21.61% (top quartile).
Alpha: -0.22 (bottom quartile).
Sharpe: 0.33 (top quartile).
Information ratio: -0.47 (bottom quartile).

ICICI Prudential Infrastructure Fund

Highest AUM (₹8,134 Cr).
Established history (20+ yrs).
Rating: 3★ (upper mid).
Risk profile: High.
5Y return: 27.99% (upper mid).
3Y return: 25.64% (bottom quartile).
1Y return: 11.27% (lower mid).
Alpha: 0.00 (top quartile).
Sharpe: 0.12 (lower mid).
Information ratio: 0.00 (top quartile).

Invesco India PSU Equity Fund

Bottom quartile AUM (₹1,449 Cr).
Established history (16+ yrs).
Rating: 3★ (lower mid).
Risk profile: High.
5Y return: 27.06% (lower mid).
3Y return: 32.09% (upper mid).
1Y return: 21.30% (upper mid).
Alpha: -1.90 (bottom quartile).
Sharpe: 0.27 (upper mid).
Information ratio: -0.37 (bottom quartile).

HDFC Infrastructure Fund

Bottom quartile AUM (₹2,452 Cr).
Established history (17+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: High.
5Y return: 24.80% (bottom quartile).
3Y return: 27.33% (lower mid).
1Y return: 10.15% (bottom quartile).
Alpha: 0.00 (upper mid).
Sharpe: -0.12 (bottom quartile).
Information ratio: 0.00 (upper mid).

DSP India T.I.G.E.R Fund

Lower mid AUM (₹5,323 Cr).
Oldest track record among peers (21 yrs).
Top rated.
Risk profile: High.
5Y return: 24.68% (bottom quartile).
3Y return: 25.65% (bottom quartile).
1Y return: 11.20% (bottom quartile).
Alpha: 0.00 (lower mid).
Sharpe: -0.31 (bottom quartile).
Information ratio: 0.00 (lower mid).

Best Hybrid Mutual Funds with Highest Returns 2026

Hybrid Funds, also known as Balanced Fund in a combination of both debt and equity. A debt hybrid fund may have a larger portion of the investment in debt securities, and an equity hybrid would have a large portion of equity instruments. Balanced funds allow investors to not only enjoy the capital growth, but also get fixed income at regular intervals.

Top 5 Hybrid Debt Funds with 3 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
ICICI Prudential MIP 25 Growth	₹77.9876 ↑ 0.11	₹3,359	0.7	2.7	7.8	10.3	8.9	7.9
Kotak Debt Hybrid Fund Growth	₹59.3333 ↑ 0.12	₹3,108	0.3	1.3	4.9	9.9	9	5.3
SBI Debt Hybrid Fund Growth	₹74.4332 ↑ 0.29	₹9,851	0.4	2.2	7.3	9.9	9.2	6.7
DSP Regular Savings Fund Growth	₹59.9555 ↑ 0.04	₹184	0.8	1.7	6.8	9.8	8.1	7.2
HDFC Hybrid Debt Fund Growth	₹83.4284 ↑ 0.16	₹3,354	0.5	1.5	5.5	9.7	9.3	5.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 4 Feb 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	ICICI Prudential MIP 25	Kotak Debt Hybrid Fund	SBI Debt Hybrid Fund	DSP Regular Savings Fund	HDFC Hybrid Debt Fund
Point 1	Upper mid AUM (₹3,359 Cr).	Bottom quartile AUM (₹3,108 Cr).	Highest AUM (₹9,851 Cr).	Bottom quartile AUM (₹184 Cr).	Lower mid AUM (₹3,354 Cr).
Point 2	Established history (21+ yrs).	Established history (22+ yrs).	Oldest track record among peers (24 yrs).	Established history (21+ yrs).	Established history (22+ yrs).
Point 3	Top rated.	Rating: 4★ (lower mid).	Rating: 5★ (upper mid).	Rating: 3★ (bottom quartile).	Rating: 4★ (bottom quartile).
Point 4	Risk profile: Moderately High.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 8.87% (bottom quartile).	5Y return: 8.98% (lower mid).	5Y return: 9.22% (upper mid).	5Y return: 8.08% (bottom quartile).	5Y return: 9.30% (top quartile).
Point 6	3Y return: 10.32% (top quartile).	3Y return: 9.90% (upper mid).	3Y return: 9.88% (lower mid).	3Y return: 9.84% (bottom quartile).	3Y return: 9.74% (bottom quartile).
Point 7	1Y return: 7.78% (top quartile).	1Y return: 4.91% (bottom quartile).	1Y return: 7.26% (upper mid).	1Y return: 6.84% (lower mid).	1Y return: 5.52% (bottom quartile).
Point 8	1M return: -0.14% (upper mid).	1M return: -0.76% (bottom quartile).	1M return: -0.13% (top quartile).	1M return: -0.42% (bottom quartile).	1M return: -0.37% (lower mid).
Point 9	Alpha: 0.00 (upper mid).	Alpha: -2.43 (bottom quartile).	Alpha: 0.00 (lower mid).	Alpha: 0.01 (top quartile).	Alpha: 0.00 (bottom quartile).
Point 10	Sharpe: 0.57 (top quartile).	Sharpe: -0.12 (bottom quartile).	Sharpe: 0.16 (lower mid).	Sharpe: 0.33 (upper mid).	Sharpe: -0.09 (bottom quartile).

ICICI Prudential MIP 25

Upper mid AUM (₹3,359 Cr).
Established history (21+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 8.87% (bottom quartile).
3Y return: 10.32% (top quartile).
1Y return: 7.78% (top quartile).
1M return: -0.14% (upper mid).
Alpha: 0.00 (upper mid).
Sharpe: 0.57 (top quartile).

Kotak Debt Hybrid Fund

Bottom quartile AUM (₹3,108 Cr).
Established history (22+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderate.
5Y return: 8.98% (lower mid).
3Y return: 9.90% (upper mid).
1Y return: 4.91% (bottom quartile).
1M return: -0.76% (bottom quartile).
Alpha: -2.43 (bottom quartile).
Sharpe: -0.12 (bottom quartile).

SBI Debt Hybrid Fund

Highest AUM (₹9,851 Cr).
Oldest track record among peers (24 yrs).
Rating: 5★ (upper mid).
Risk profile: Moderate.
5Y return: 9.22% (upper mid).
3Y return: 9.88% (lower mid).
1Y return: 7.26% (upper mid).
1M return: -0.13% (top quartile).
Alpha: 0.00 (lower mid).
Sharpe: 0.16 (lower mid).

DSP Regular Savings Fund

Bottom quartile AUM (₹184 Cr).
Established history (21+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 8.08% (bottom quartile).
3Y return: 9.84% (bottom quartile).
1Y return: 6.84% (lower mid).
1M return: -0.42% (bottom quartile).
Alpha: 0.01 (top quartile).
Sharpe: 0.33 (upper mid).

HDFC Hybrid Debt Fund

Lower mid AUM (₹3,354 Cr).
Established history (22+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 9.30% (top quartile).
3Y return: 9.74% (bottom quartile).
1Y return: 5.52% (bottom quartile).
1M return: -0.37% (lower mid).
Alpha: 0.00 (bottom quartile).
Sharpe: -0.09 (bottom quartile).

Top 5 Hybrid Equity Funds with 3 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
ICICI Prudential Equity and Debt Fund Growth	₹410.31 ↑ 2.14	₹49,641	1	5.5	12.3	19.3	19.8	13.3
BOI AXA Mid and Small Cap Equity and Debt Fund Growth	₹38.12 ↑ 0.13	₹1,349	-0.5	0.5	7	18.7	18.7	-0.9
JM Equity Hybrid Fund Growth	₹119.302 ↑ 0.79	₹785	-2.7	-0.7	2.1	18.3	15.5	-3.1
UTI Hybrid Equity Fund Growth	₹417.25 ↑ 0.87	₹6,758	1.7	4.1	7.9	16.6	15.2	6.4
Bandhan Hybrid Equity Fund Growth	₹26.963 ↑ 0.11	₹1,576	0.3	4.6	12.6	16.4	13.8	7.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 4 Feb 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	ICICI Prudential Equity and Debt Fund	BOI AXA Mid and Small Cap Equity and Debt Fund	JM Equity Hybrid Fund	UTI Hybrid Equity Fund	Bandhan Hybrid Equity Fund
Point 1	Highest AUM (₹49,641 Cr).	Bottom quartile AUM (₹1,349 Cr).	Bottom quartile AUM (₹785 Cr).	Upper mid AUM (₹6,758 Cr).	Lower mid AUM (₹1,576 Cr).
Point 2	Established history (26+ yrs).	Established history (9+ yrs).	Established history (30+ yrs).	Oldest track record among peers (31 yrs).	Established history (9+ yrs).
Point 3	Top rated.	Not Rated.	Rating: 1★ (lower mid).	Rating: 3★ (upper mid).	Not Rated.
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 19.78% (top quartile).	5Y return: 18.70% (upper mid).	5Y return: 15.45% (lower mid).	5Y return: 15.21% (bottom quartile).	5Y return: 13.84% (bottom quartile).
Point 6	3Y return: 19.34% (top quartile).	3Y return: 18.74% (upper mid).	3Y return: 18.28% (lower mid).	3Y return: 16.58% (bottom quartile).	3Y return: 16.38% (bottom quartile).
Point 7	1Y return: 12.27% (upper mid).	1Y return: 7.02% (bottom quartile).	1Y return: 2.07% (bottom quartile).	1Y return: 7.91% (lower mid).	1Y return: 12.60% (top quartile).
Point 8	1M return: -1.08% (lower mid).	1M return: -1.90% (bottom quartile).	1M return: -1.00% (top quartile).	1M return: -1.16% (bottom quartile).	1M return: -1.01% (upper mid).
Point 9	Alpha: 4.49 (top quartile).	Alpha: 0.00 (upper mid).	Alpha: -11.83 (bottom quartile).	Alpha: -2.19 (bottom quartile).	Alpha: -1.32 (lower mid).
Point 10	Sharpe: 0.83 (top quartile).	Sharpe: -0.29 (bottom quartile).	Sharpe: -0.65 (bottom quartile).	Sharpe: 0.08 (lower mid).	Sharpe: 0.17 (upper mid).

ICICI Prudential Equity and Debt Fund

Highest AUM (₹49,641 Cr).
Established history (26+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 19.78% (top quartile).
3Y return: 19.34% (top quartile).
1Y return: 12.27% (upper mid).
1M return: -1.08% (lower mid).
Alpha: 4.49 (top quartile).
Sharpe: 0.83 (top quartile).

BOI AXA Mid and Small Cap Equity and Debt Fund

Bottom quartile AUM (₹1,349 Cr).
Established history (9+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 18.70% (upper mid).
3Y return: 18.74% (upper mid).
1Y return: 7.02% (bottom quartile).
1M return: -1.90% (bottom quartile).
Alpha: 0.00 (upper mid).
Sharpe: -0.29 (bottom quartile).

JM Equity Hybrid Fund

Bottom quartile AUM (₹785 Cr).
Established history (30+ yrs).
Rating: 1★ (lower mid).
Risk profile: Moderately High.
5Y return: 15.45% (lower mid).
3Y return: 18.28% (lower mid).
1Y return: 2.07% (bottom quartile).
1M return: -1.00% (top quartile).
Alpha: -11.83 (bottom quartile).
Sharpe: -0.65 (bottom quartile).

UTI Hybrid Equity Fund

Upper mid AUM (₹6,758 Cr).
Oldest track record among peers (31 yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 15.21% (bottom quartile).
3Y return: 16.58% (bottom quartile).
1Y return: 7.91% (lower mid).
1M return: -1.16% (bottom quartile).
Alpha: -2.19 (bottom quartile).
Sharpe: 0.08 (lower mid).

Bandhan Hybrid Equity Fund

Lower mid AUM (₹1,576 Cr).
Established history (9+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 13.84% (bottom quartile).
3Y return: 16.38% (bottom quartile).
1Y return: 12.60% (top quartile).
1M return: -1.01% (upper mid).
Alpha: -1.32 (lower mid).
Sharpe: 0.17 (upper mid).

Best Gold Funds with 3 Year Highest Returns 2026

Investors who want to take exposure to gold via Mutual Funds can prefer Investing in Gold funds. The Gold mutual funds invest in Gold ETFs (exchange-traded funds). Unlike physical gold, they are easy to purchase and redeem. Following are the gold funds with the highest returns in last 3 years.

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
SBI Gold Fund Growth	₹45.8664 ↑ 1.80	₹10,775	30.5	56.1	85.7	37.9	25.6	71.5
ICICI Prudential Regular Gold Savings Fund Growth	₹48.4899 ↑ 1.71	₹4,482	30.7	55.9	84.7	37.7	25.4	72
Axis Gold Fund Growth	₹45.5759 ↑ 1.64	₹2,167	30.4	55.6	84.6	37.6	25.4	69.8
HDFC Gold Fund Growth	₹46.7525 ↑ 1.61	₹8,501	30.2	55.8	85	37.5	25.3	71.3
Aditya Birla Sun Life Gold Fund Growth	₹45.4053 ↑ 1.64	₹1,266	29.9	55.3	85.5	37.5	25.3	72
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 4 Feb 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	SBI Gold Fund	ICICI Prudential Regular Gold Savings Fund	Axis Gold Fund	HDFC Gold Fund	Aditya Birla Sun Life Gold Fund
Point 1	Highest AUM (₹10,775 Cr).	Lower mid AUM (₹4,482 Cr).	Bottom quartile AUM (₹2,167 Cr).	Upper mid AUM (₹8,501 Cr).	Bottom quartile AUM (₹1,266 Cr).
Point 2	Oldest track record among peers (14 yrs).	Established history (14+ yrs).	Established history (14+ yrs).	Established history (14+ yrs).	Established history (13+ yrs).
Point 3	Rating: 2★ (upper mid).	Rating: 1★ (lower mid).	Rating: 1★ (bottom quartile).	Rating: 1★ (bottom quartile).	Top rated.
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 25.59% (top quartile).	5Y return: 25.41% (lower mid).	5Y return: 25.41% (upper mid).	5Y return: 25.32% (bottom quartile).	5Y return: 25.30% (bottom quartile).
Point 6	3Y return: 37.85% (top quartile).	3Y return: 37.74% (upper mid).	3Y return: 37.59% (lower mid).	3Y return: 37.55% (bottom quartile).	3Y return: 37.51% (bottom quartile).
Point 7	1Y return: 85.74% (top quartile).	1Y return: 84.72% (bottom quartile).	1Y return: 84.55% (bottom quartile).	1Y return: 84.97% (lower mid).	1Y return: 85.47% (upper mid).
Point 8	1M return: 16.19% (lower mid).	1M return: 16.28% (top quartile).	1M return: 16.22% (upper mid).	1M return: 16.17% (bottom quartile).	1M return: 16.00% (bottom quartile).
Point 9	Alpha: 0.00 (top quartile).	Alpha: 0.00 (upper mid).	Alpha: 0.00 (lower mid).	Alpha: 0.00 (bottom quartile).	Alpha: 0.00 (bottom quartile).
Point 10	Sharpe: 4.38 (lower mid).	Sharpe: 4.33 (bottom quartile).	Sharpe: 4.36 (bottom quartile).	Sharpe: 4.39 (upper mid).	Sharpe: 4.49 (top quartile).

SBI Gold Fund

Highest AUM (₹10,775 Cr).
Oldest track record among peers (14 yrs).
Rating: 2★ (upper mid).
Risk profile: Moderately High.
5Y return: 25.59% (top quartile).
3Y return: 37.85% (top quartile).
1Y return: 85.74% (top quartile).
1M return: 16.19% (lower mid).
Alpha: 0.00 (top quartile).
Sharpe: 4.38 (lower mid).

ICICI Prudential Regular Gold Savings Fund

Lower mid AUM (₹4,482 Cr).
Established history (14+ yrs).
Rating: 1★ (lower mid).
Risk profile: Moderately High.
5Y return: 25.41% (lower mid).
3Y return: 37.74% (upper mid).
1Y return: 84.72% (bottom quartile).
1M return: 16.28% (top quartile).
Alpha: 0.00 (upper mid).
Sharpe: 4.33 (bottom quartile).

Axis Gold Fund

Bottom quartile AUM (₹2,167 Cr).
Established history (14+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 25.41% (upper mid).
3Y return: 37.59% (lower mid).
1Y return: 84.55% (bottom quartile).
1M return: 16.22% (upper mid).
Alpha: 0.00 (lower mid).
Sharpe: 4.36 (bottom quartile).

HDFC Gold Fund

Upper mid AUM (₹8,501 Cr).
Established history (14+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 25.32% (bottom quartile).
3Y return: 37.55% (bottom quartile).
1Y return: 84.97% (lower mid).
1M return: 16.17% (bottom quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: 4.39 (upper mid).

Aditya Birla Sun Life Gold Fund

Bottom quartile AUM (₹1,266 Cr).
Established history (13+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 25.30% (bottom quartile).
3Y return: 37.51% (bottom quartile).
1Y return: 85.47% (upper mid).
1M return: 16.00% (bottom quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: 4.49 (top quartile).

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.