Best Mutual Funds with Highest Returns 2026

Updated on October 20, 2026 , 16596 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 (%)	2025 (%)	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	₹3,257.52 ↓ -0.31	₹1,874	0.4	1.5	3.1	6.4	6.6	6.09%	1M 17D	1M 17D
Axis Liquid Fund Growth	₹3,149.29 ↓ -0.32	₹53,470	0.4	1.5	3.1	6.4	6.6	6.37%	1M 19D	1M 19D
Edelweiss Liquid Fund Growth	₹3,616.62 ↓ -0.39	₹11,741	0.4	1.5	3.1	6.4	6.5	6.52%	2M 1D	2M 1D
DSP Liquidity Fund Growth	₹4,036.18 ↓ -0.50	₹24,726	0.4	1.5	3.1	6.4	6.5	6.24%	1M 2D
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	DSP Liquidity Fund
Point 1	Bottom quartile AUM (₹503 Cr).	Bottom quartile AUM (₹1,874 Cr).	Highest AUM (₹53,470 Cr).	Lower mid AUM (₹11,741 Cr).	Upper mid AUM (₹24,726 Cr).
Point 2	Established history (16+ yrs).	Established history (18+ yrs).	Established history (17+ yrs).	Established history (19+ yrs).	Oldest track record among peers (20 yrs).
Point 3	Rating: 3★ (upper mid).	Rating: 3★ (lower mid).	Top rated.	Rating: 2★ (bottom quartile).	Rating: 3★ (bottom quartile).
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: 6.42% (upper mid).	1Y return: 6.42% (lower mid).	1Y return: 6.40% (bottom quartile).	1Y return: 6.38% (bottom quartile).
Point 6	1M return: 0.53% (top quartile).	1M return: 0.42% (upper mid).	1M return: 0.41% (bottom quartile).	1M return: 0.41% (lower mid).	1M return: 0.40% (bottom quartile).
Point 7	Sharpe: 0.20 (bottom quartile).	Sharpe: 3.52 (top quartile).	Sharpe: 3.18 (upper mid).	Sharpe: 3.04 (bottom quartile).	Sharpe: 3.10 (lower mid).
Point 8	Information ratio: -5.96 (bottom quartile).	Information ratio: 2.55 (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): 6.66% (top quartile).	Yield to maturity (debt): 6.09% (bottom quartile).	Yield to maturity (debt): 6.37% (lower mid).	Yield to maturity (debt): 6.52% (upper mid).	Yield to maturity (debt): 6.24% (bottom quartile).
Point 10	Modified duration: 0.10 yrs (upper mid).	Modified duration: 0.13 yrs (lower mid).	Modified duration: 0.14 yrs (bottom quartile).	Modified duration: 0.17 yrs (bottom quartile).	Modified duration: 0.09 yrs (top quartile).

IDBI Liquid Fund

Bottom quartile AUM (₹503 Cr).
Established history (16+ yrs).
Rating: 3★ (upper 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 (upper mid).

BOI AXA Liquid Fund

Bottom quartile AUM (₹1,874 Cr).
Established history (18+ yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.42% (upper mid).
1M return: 0.42% (upper mid).
Sharpe: 3.52 (top quartile).
Information ratio: 2.55 (top quartile).
Yield to maturity (debt): 6.09% (bottom quartile).
Modified duration: 0.13 yrs (lower mid).

Axis Liquid Fund

Highest AUM (₹53,470 Cr).
Established history (17+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.42% (lower mid).
1M return: 0.41% (bottom quartile).
Sharpe: 3.18 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.37% (lower mid).
Modified duration: 0.14 yrs (bottom quartile).

Edelweiss Liquid Fund

Lower mid AUM (₹11,741 Cr).
Established history (19+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Low.
1Y return: 6.40% (bottom quartile).
1M return: 0.41% (lower mid).
Sharpe: 3.04 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.52% (upper mid).
Modified duration: 0.17 yrs (bottom quartile).

DSP Liquidity Fund

Upper mid AUM (₹24,726 Cr).
Oldest track record among peers (20 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.38% (bottom quartile).
1M return: 0.40% (bottom quartile).
Sharpe: 3.10 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.24% (bottom quartile).
Modified duration: 0.09 yrs (top quartile).

Top 5 Ultra Short Term Funds with 1 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2025 (%)	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
IDBI Ultra Short Term Fund Growth	₹2,424.68 ↑ 0.44	₹146	1.6	3.4	6.4	4.8		6.83%	2M 10D	2M 23D
Aditya Birla Sun Life Savings Fund Growth	₹593.919 ↓ -0.29	₹16,279	1.4	3	6.1	7.2	7.4	7.61%	6M 7D	7M 13D
SBI Magnum Ultra Short Duration Fund Growth	₹6,459.04 ↓ -1.43	₹11,237	1.4	2.9	6.1	6.9	7	7.03%	3M 14D	5M 23D
Nippon India Ultra Short Duration Fund Growth	₹4,350.58 ↓ -1.52	₹11,551	1.3	2.9	6	6.7	6.8	0.07%		1D
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	IDBI Ultra Short Term Fund	Aditya Birla Sun Life Savings Fund	SBI Magnum Ultra Short Duration Fund	Nippon India Ultra Short Duration Fund
Point 1	Bottom quartile AUM (₹297 Cr).	Bottom quartile AUM (₹146 Cr).	Highest AUM (₹16,279 Cr).	Lower mid AUM (₹11,237 Cr).	Upper mid AUM (₹11,551 Cr).
Point 2	Established history (18+ yrs).	Established history (16+ yrs).	Established history (23+ yrs).	Oldest track record among peers (27 yrs).	Established history (24+ yrs).
Point 3	Rating: 1★ (bottom quartile).	Rating: 1★ (bottom quartile).	Top rated.	Rating: 3★ (upper mid).	Rating: 2★ (lower mid).
Point 4	Risk profile: Moderate.	Risk profile: Moderately Low.	Risk profile: Moderately Low.	Risk profile: Low.	Risk profile: Low.
Point 5	1Y return: 13.69% (top quartile).	1Y return: 6.39% (upper mid).	1Y return: 6.10% (lower mid).	1Y return: 6.06% (bottom quartile).	1Y return: 6.01% (bottom quartile).
Point 6	1M return: 0.59% (top quartile).	1M return: 0.52% (upper mid).	1M return: 0.24% (bottom quartile).	1M return: 0.29% (lower mid).	1M return: 0.27% (bottom quartile).
Point 7	Sharpe: 2.57 (top quartile).	Sharpe: -0.57 (bottom quartile).	Sharpe: 0.96 (lower mid).	Sharpe: 0.94 (bottom quartile).	Sharpe: 0.97 (upper mid).
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): 6.83% (lower mid).	Yield to maturity (debt): 7.61% (top quartile).	Yield to maturity (debt): 7.03% (upper mid).	Yield to maturity (debt): 0.07% (bottom quartile).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 0.19 yrs (lower mid).	Modified duration: 0.52 yrs (bottom quartile).	Modified duration: 0.29 yrs (bottom quartile).	Modified duration: 0.00 yrs (upper mid).

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 (top quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 0.00% (bottom quartile).
Modified duration: 0.00 yrs (top quartile).

IDBI Ultra Short Term Fund

Bottom quartile AUM (₹146 Cr).
Established history (16+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 6.39% (upper mid).
1M return: 0.52% (upper mid).
Sharpe: -0.57 (bottom quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.83% (lower mid).
Modified duration: 0.19 yrs (lower mid).

Aditya Birla Sun Life Savings Fund

Highest AUM (₹16,279 Cr).
Established history (23+ yrs).
Top rated.
Risk profile: Moderately Low.
1Y return: 6.10% (lower mid).
1M return: 0.24% (bottom quartile).
Sharpe: 0.96 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.61% (top quartile).
Modified duration: 0.52 yrs (bottom quartile).

SBI Magnum Ultra Short Duration Fund

Lower mid AUM (₹11,237 Cr).
Oldest track record among peers (27 yrs).
Rating: 3★ (upper mid).
Risk profile: Low.
1Y return: 6.06% (bottom quartile).
1M return: 0.29% (lower mid).
Sharpe: 0.94 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.03% (upper mid).
Modified duration: 0.29 yrs (bottom quartile).

Nippon India Ultra Short Duration Fund

Upper mid AUM (₹11,551 Cr).
Established history (24+ yrs).
Rating: 2★ (lower mid).
Risk profile: Low.
1Y return: 6.01% (bottom quartile).
1M return: 0.27% (bottom quartile).
Sharpe: 0.97 (upper mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 0.07% (bottom quartile).
Modified duration: 0.00 yrs (upper mid).

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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 (%)	2025 (%)	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%
IDBI Short Term Bond Fund Growth	₹23.8418 ↓ 0.00	₹26	1.4	3.2	6.2	7.2		6.43%	3M	3M 14D
Bandhan Bond Fund Short Term Plan Growth	₹61.1425 ↓ -0.05	₹8,680	0.6	2.5	4.9	7.1	7.5	7.17%	1Y 18D	1Y 2M 19D
Axis Short Term Fund Growth	₹32.9787 ↓ -0.04	₹7,425	0.3	2.1	4.3	7	8.1	7.77%	2Y 4D	2Y 6M 14D
HDFC Short Term Debt Fund Growth	₹34.0225 ↓ -0.05	₹14,219	0	1.8	3.9	6.9	7.8	7.9%	2Y 3M	2Y 10M 28D
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	IDBI Short Term Bond Fund	Bandhan Bond Fund Short Term Plan	Axis Short Term Fund	HDFC Short Term Debt Fund
Point 1	Bottom quartile AUM (₹13 Cr).	Bottom quartile AUM (₹26 Cr).	Upper mid AUM (₹8,680 Cr).	Lower mid AUM (₹7,425 Cr).	Highest AUM (₹14,219 Cr).
Point 2	Established history (24+ yrs).	Established history (15+ yrs).	Oldest track record among peers (25 yrs).	Established history (16+ yrs).	Established history (16+ yrs).
Point 3	Rating: 2★ (lower mid).	Rating: 2★ (bottom quartile).	Rating: 2★ (bottom quartile).	Top rated.	Rating: 3★ (upper mid).
Point 4	Risk profile: Moderate.	Risk profile: Moderately Low.	Risk profile: Moderately Low.	Risk profile: Moderately Low.	Risk profile: Moderately Low.
Point 5	1Y return: 192.10% (top quartile).	1Y return: 6.21% (upper mid).	1Y return: 4.87% (lower mid).	1Y return: 4.26% (bottom quartile).	1Y return: 3.95% (bottom quartile).
Point 6	1M return: 192.10% (top quartile).	1M return: 0.43% (upper mid).	1M return: -0.12% (lower mid).	1M return: -0.33% (bottom quartile).	1M return: -0.52% (bottom quartile).
Point 7	Sharpe: -90.89 (bottom quartile).	Sharpe: 0.10 (top quartile).	Sharpe: 0.07 (upper mid).	Sharpe: -0.21 (lower mid).	Sharpe: -0.27 (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): 6.43% (bottom quartile).	Yield to maturity (debt): 7.17% (lower mid).	Yield to maturity (debt): 7.77% (upper mid).	Yield to maturity (debt): 7.90% (top quartile).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 0.25 yrs (upper mid).	Modified duration: 1.05 yrs (lower mid).	Modified duration: 2.01 yrs (bottom quartile).	Modified duration: 2.25 yrs (bottom quartile).

Franklin India Short Term Income Plan - Retail Plan

Bottom quartile AUM (₹13 Cr).
Established history (24+ yrs).
Rating: 2★ (lower mid).
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).

IDBI Short Term Bond Fund

Bottom quartile AUM (₹26 Cr).
Established history (15+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 6.21% (upper mid).
1M return: 0.43% (upper mid).
Sharpe: 0.10 (top quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 6.43% (bottom quartile).
Modified duration: 0.25 yrs (upper mid).

Bandhan Bond Fund Short Term Plan

Upper mid AUM (₹8,680 Cr).
Oldest track record among peers (25 yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 4.87% (lower mid).
1M return: -0.12% (lower mid).
Sharpe: 0.07 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.17% (lower mid).
Modified duration: 1.05 yrs (lower mid).

Axis Short Term Fund

Lower mid AUM (₹7,425 Cr).
Established history (16+ yrs).
Top rated.
Risk profile: Moderately Low.
1Y return: 4.26% (bottom quartile).
1M return: -0.33% (bottom quartile).
Sharpe: -0.21 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.77% (upper mid).
Modified duration: 2.01 yrs (bottom quartile).

HDFC Short Term Debt Fund

Highest AUM (₹14,219 Cr).
Established history (16+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately Low.
1Y return: 3.95% (bottom quartile).
1M return: -0.52% (bottom quartile).
Sharpe: -0.27 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.90% (top quartile).
Modified duration: 2.25 yrs (bottom quartile).

Top 5 Gilt Funds with 3 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2025 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Bandhan Government Securities Fund - Investment Plan Growth	₹37.5421 ↑ 0.00	₹1,686	0.2	3.5	6.3	7.7	3.7	5.29%	9M 14D	1Y 9M 25D
Axis Gilt Fund Growth	₹26.3185 ↓ -0.01	₹336	-1.3	1.2	1.6	6.5	5.2	7.13%	6Y 10M 6D	13Y 6M 22D
UTI Gilt Fund Growth	₹64.6361 ↓ -0.12	₹415	-1.7	-0.3	2.3	6	5.1	7.38%	9Y 1M 28D	28Y 6M 7D
SBI Magnum Gilt Fund Growth	₹67.8765 ↓ -0.08	₹8,067	-0.9	1.4	1.8	5.9	4.5	7.03%	5Y 3M 22D	15Y 5M 1D
DSP Government Securities Fund Growth	₹96.9596 ↓ -0.10	₹1,083	-1.8	0.8	0.2	5.8	4.5	6.98%	7Y 7M 6D	19Y 2M 8D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Oct 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	Bandhan Government Securities Fund - Investment Plan	Axis Gilt Fund	UTI Gilt Fund	SBI Magnum Gilt Fund	DSP Government Securities Fund
Point 1	Upper mid AUM (₹1,686 Cr).	Bottom quartile AUM (₹336 Cr).	Bottom quartile AUM (₹415 Cr).	Highest AUM (₹8,067 Cr).	Lower mid AUM (₹1,083 Cr).
Point 2	Established history (17+ yrs).	Established history (14+ yrs).	Established history (24+ yrs).	Established history (25+ yrs).	Oldest track record among peers (27 yrs).
Point 3	Rating: 3★ (lower mid).	Rating: 1★ (bottom quartile).	Top rated.	Rating: 4★ (upper mid).	Rating: 3★ (bottom quartile).
Point 4	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.
Point 5	1Y return: 6.34% (top quartile).	1Y return: 1.65% (bottom quartile).	1Y return: 2.34% (upper mid).	1Y return: 1.83% (lower mid).	1Y return: 0.21% (bottom quartile).
Point 6	1M return: 0.09% (top quartile).	1M return: -1.24% (lower mid).	1M return: -2.14% (bottom quartile).	1M return: -0.79% (upper mid).	1M return: -2.22% (bottom quartile).
Point 7	Sharpe: 0.36 (top quartile).	Sharpe: -0.41 (lower mid).	Sharpe: -0.38 (upper mid).	Sharpe: -0.74 (bottom quartile).	Sharpe: -0.45 (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): 5.29% (bottom quartile).	Yield to maturity (debt): 7.13% (upper mid).	Yield to maturity (debt): 7.38% (top quartile).	Yield to maturity (debt): 7.03% (lower mid).	Yield to maturity (debt): 6.98% (bottom quartile).
Point 10	Modified duration: 0.79 yrs (top quartile).	Modified duration: 6.85 yrs (lower mid).	Modified duration: 9.16 yrs (bottom quartile).	Modified duration: 5.31 yrs (upper mid).	Modified duration: 7.60 yrs (bottom quartile).

Bandhan Government Securities Fund - Investment Plan

Upper mid AUM (₹1,686 Cr).
Established history (17+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderate.
1Y return: 6.34% (top quartile).
1M return: 0.09% (top quartile).
Sharpe: 0.36 (top quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 5.29% (bottom quartile).
Modified duration: 0.79 yrs (top quartile).

Axis Gilt Fund

Bottom quartile AUM (₹336 Cr).
Established history (14+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderate.
1Y return: 1.65% (bottom quartile).
1M return: -1.24% (lower mid).
Sharpe: -0.41 (lower mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.13% (upper mid).
Modified duration: 6.85 yrs (lower mid).

UTI Gilt Fund

Bottom quartile AUM (₹415 Cr).
Established history (24+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 2.34% (upper mid).
1M return: -2.14% (bottom quartile).
Sharpe: -0.38 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.38% (top quartile).
Modified duration: 9.16 yrs (bottom quartile).

SBI Magnum Gilt Fund

Highest AUM (₹8,067 Cr).
Established history (25+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
1Y return: 1.83% (lower mid).
1M return: -0.79% (upper mid).
Sharpe: -0.74 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.03% (lower mid).
Modified duration: 5.31 yrs (upper mid).

DSP Government Securities Fund

Lower mid AUM (₹1,083 Cr).
Oldest track record among peers (27 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderate.
1Y return: 0.21% (bottom quartile).
1M return: -2.22% (bottom quartile).
Sharpe: -0.45 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.98% (bottom quartile).
Modified duration: 7.60 yrs (bottom quartile).

Top 5 Dynamic Funds with 3 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2025 (%)	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	₹23.8708 ↓ -0.02	₹549	-1	1.6	3	7.5	8.5	7.52%	4Y 2M 15D	5Y 9M 27D
Bandhan Dynamic Bond Fund Growth	₹35.8493 ↓ -0.01	₹1,910	0.4	3.2	5.5	7.1	3.4	5.88%	4M 22D	7M 20D
Axis Dynamic Bond Fund Growth	₹31.3882 ↓ -0.04	₹969	-0.2	2.2	4.2	7	7.1	6.8%	2Y 9M 14D	5Y 1M 10D
Aditya Birla Sun Life Dynamic Bond Fund Growth	₹48.8174 ↓ -0.05	₹1,370	-0.1	2	3.4	7	7	8.12%	3Y 22D	6Y 3M 11D
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	Bandhan Dynamic Bond Fund	Axis Dynamic Bond Fund	Aditya Birla Sun Life Dynamic Bond Fund
Point 1	Bottom quartile AUM (₹99 Cr).	Bottom quartile AUM (₹549 Cr).	Highest AUM (₹1,910 Cr).	Lower mid AUM (₹969 Cr).	Upper mid AUM (₹1,370 Cr).
Point 2	Oldest track record among peers (29 yrs).	Established history (13+ yrs).	Established history (17+ yrs).	Established history (15+ yrs).	Established history (22+ yrs).
Point 3	Rating: 1★ (bottom quartile).	Not Rated.	Top rated.	Rating: 3★ (upper mid).	Rating: 3★ (lower 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: 3.03% (bottom quartile).	1Y return: 5.54% (upper mid).	1Y return: 4.16% (lower mid).	1Y return: 3.44% (bottom quartile).
Point 6	1M return: 1.43% (top quartile).	1M return: -1.27% (bottom quartile).	1M return: 0.13% (upper mid).	1M return: -0.63% (bottom quartile).	1M return: -0.58% (lower mid).
Point 7	Sharpe: 1.19 (top quartile).	Sharpe: -0.22 (bottom quartile).	Sharpe: 0.21 (upper mid).	Sharpe: 0.12 (lower mid).	Sharpe: -0.25 (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): 7.52% (upper mid).	Yield to maturity (debt): 5.88% (bottom quartile).	Yield to maturity (debt): 6.80% (lower mid).	Yield to maturity (debt): 8.12% (top quartile).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 4.21 yrs (bottom quartile).	Modified duration: 0.39 yrs (upper mid).	Modified duration: 2.79 yrs (lower mid).	Modified duration: 3.06 yrs (bottom quartile).

Franklin India Dynamic Accrual Fund

Bottom quartile AUM (₹99 Cr).
Oldest track record among peers (29 yrs).
Rating: 1★ (bottom quartile).
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 (₹549 Cr).
Established history (13+ yrs).
Not Rated.
Risk profile: Moderate.
1Y return: 3.03% (bottom quartile).
1M return: -1.27% (bottom quartile).
Sharpe: -0.22 (bottom quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.52% (upper mid).
Modified duration: 4.21 yrs (bottom quartile).

Bandhan Dynamic Bond Fund

Highest AUM (₹1,910 Cr).
Established history (17+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 5.54% (upper mid).
1M return: 0.13% (upper mid).
Sharpe: 0.21 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 5.88% (bottom quartile).
Modified duration: 0.39 yrs (upper mid).

Axis Dynamic Bond Fund

Lower mid AUM (₹969 Cr).
Established history (15+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderate.
1Y return: 4.16% (lower mid).
1M return: -0.63% (bottom quartile).
Sharpe: 0.12 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.80% (lower mid).
Modified duration: 2.79 yrs (lower mid).

Aditya Birla Sun Life Dynamic Bond Fund

Upper mid AUM (₹1,370 Cr).
Established history (22+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderate.
1Y return: 3.44% (bottom quartile).
1M return: -0.58% (lower mid).
Sharpe: -0.25 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 8.12% (top quartile).
Modified duration: 3.06 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 (%)	2025 (%)
IDBI India Top 100 Equity Fund Growth	₹44.16 ↑ 0.05	₹655	9.2	12.5	15.4	21.9	12.6
Baroda Pioneer Large Cap Fund Growth	₹20.532 ↑ 0.03	₹51	-5.7	-7.3	5.9	13.8	10.5
Nippon India Large Cap Fund Growth	₹84.1695 ↓ -0.50	₹51,296	-5.4	-7	-10.3	8.9	10.2	9.2
Taurus Largecap Equity Fund Growth	₹164.66 ↓ -1.52	₹62	1.3	4.4	1.8	12.5	9.3	5.3
JM Core 11 Fund Growth	₹18.5957 ↓ -0.08	₹274	-6.1	-3.4	-10.3	7.9	8.7	-1.9
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 India Top 100 Equity Fund	Baroda Pioneer Large Cap Fund	Nippon India Large Cap Fund	Taurus Largecap Equity Fund	JM Core 11 Fund
Point 1	Upper mid AUM (₹655 Cr).	Bottom quartile AUM (₹51 Cr).	Highest AUM (₹51,296 Cr).	Bottom quartile AUM (₹62 Cr).	Lower mid AUM (₹274 Cr).
Point 2	Established history (14+ yrs).	Established history (16+ yrs).	Established history (19+ yrs).	Oldest track record among peers (31 yrs).	Established history (18+ yrs).
Point 3	Rating: 3★ (lower mid).	Rating: 2★ (bottom quartile).	Top rated.	Rating: 2★ (bottom quartile).	Rating: 4★ (upper mid).
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: High.
Point 5	5Y return: 12.61% (top quartile).	5Y return: 10.45% (upper mid).	5Y return: 10.21% (lower mid).	5Y return: 9.26% (bottom quartile).	5Y return: 8.72% (bottom quartile).
Point 6	3Y return: 21.88% (top quartile).	3Y return: 13.75% (upper mid).	3Y return: 8.85% (bottom quartile).	3Y return: 12.52% (lower mid).	3Y return: 7.86% (bottom quartile).
Point 7	1Y return: 15.39% (top quartile).	1Y return: 5.94% (upper mid).	1Y return: -10.28% (bottom quartile).	1Y return: 1.81% (lower mid).	1Y return: -10.34% (bottom quartile).
Point 8	Alpha: 2.11 (upper mid).	Alpha: -3.15 (bottom quartile).	Alpha: -1.77 (bottom quartile).	Alpha: 11.22 (top quartile).	Alpha: 2.04 (lower mid).
Point 9	Sharpe: 1.09 (upper mid).	Sharpe: 1.53 (top quartile).	Sharpe: -0.62 (bottom quartile).	Sharpe: 0.17 (lower mid).	Sharpe: -0.24 (bottom quartile).
Point 10	Information ratio: 0.14 (lower mid).	Information ratio: -0.52 (bottom quartile).	Information ratio: 0.42 (upper mid).	Information ratio: 0.80 (top quartile).	Information ratio: 0.06 (bottom quartile).

IDBI India Top 100 Equity Fund

Upper mid AUM (₹655 Cr).
Established history (14+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 12.61% (top quartile).
3Y return: 21.88% (top quartile).
1Y return: 15.39% (top quartile).
Alpha: 2.11 (upper mid).
Sharpe: 1.09 (upper mid).
Information ratio: 0.14 (lower mid).

Baroda Pioneer Large Cap Fund

Bottom quartile AUM (₹51 Cr).
Established history (16+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 10.45% (upper mid).
3Y return: 13.75% (upper mid).
1Y return: 5.94% (upper mid).
Alpha: -3.15 (bottom quartile).
Sharpe: 1.53 (top quartile).
Information ratio: -0.52 (bottom quartile).

Nippon India Large Cap Fund

Highest AUM (₹51,296 Cr).
Established history (19+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 10.21% (lower mid).
3Y return: 8.85% (bottom quartile).
1Y return: -10.28% (bottom quartile).
Alpha: -1.77 (bottom quartile).
Sharpe: -0.62 (bottom quartile).
Information ratio: 0.42 (upper mid).

Taurus Largecap Equity Fund

Bottom quartile AUM (₹62 Cr).
Oldest track record among peers (31 yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 9.26% (bottom quartile).
3Y return: 12.52% (lower mid).
1Y return: 1.81% (lower mid).
Alpha: 11.22 (top quartile).
Sharpe: 0.17 (lower mid).
Information ratio: 0.80 (top quartile).

JM Core 11 Fund

Lower mid AUM (₹274 Cr).
Established history (18+ yrs).
Rating: 4★ (upper mid).
Risk profile: High.
5Y return: 8.72% (bottom quartile).
3Y return: 7.86% (bottom quartile).
1Y return: -10.34% (bottom quartile).
Alpha: 2.04 (lower mid).
Sharpe: -0.24 (bottom quartile).
Information ratio: 0.06 (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 (%)	2025 (%)
Motilal Oswal Midcap 30 Fund Growth	₹95.2597 ↓ -1.74	₹40,208	-3.2	2.5	-9.1	14.9	17.1	-12.1
Nippon India Small Cap Fund Growth	₹171.4 ↓ -1.50	₹80,906	-4.3	0.6	0.9	11.4	16.1	-4.7
HDFC Mid-Cap Opportunities Fund Growth	₹195.099 ↓ -1.17	₹101,856	-5.4	-2.6	-2.2	14.3	16.1	6.8
Baroda Pioneer Mid-Cap Fund Growth	₹16.5124 ↑ 0.15	₹97	-8.1	0.1	26.2	22.5	15.9
Invesco India Mid Cap Fund Growth	₹180.16 ↓ -1.22	₹15,749	-8.7	-0.6	-3.4	18.9	15.4	6.3
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Oct 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	Motilal Oswal Midcap 30 Fund	Nippon India Small Cap Fund	HDFC Mid-Cap Opportunities Fund	Baroda Pioneer Mid-Cap Fund	Invesco India Mid Cap Fund
Point 1	Lower mid AUM (₹40,208 Cr).	Upper mid AUM (₹80,906 Cr).	Highest AUM (₹101,856 Cr).	Bottom quartile AUM (₹97 Cr).	Bottom quartile AUM (₹15,749 Cr).
Point 2	Established history (12+ yrs).	Established history (16+ yrs).	Oldest track record among peers (19 yrs).	Established history (16+ yrs).	Established history (19+ yrs).
Point 3	Rating: 3★ (upper mid).	Top rated.	Rating: 3★ (lower mid).	Rating: 1★ (bottom quartile).	Rating: 2★ (bottom quartile).
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: 17.07% (top quartile).	5Y return: 16.10% (upper mid).	5Y return: 16.08% (lower mid).	5Y return: 15.89% (bottom quartile).	5Y return: 15.40% (bottom quartile).
Point 6	3Y return: 14.91% (lower mid).	3Y return: 11.41% (bottom quartile).	3Y return: 14.26% (bottom quartile).	3Y return: 22.51% (top quartile).	3Y return: 18.88% (upper mid).
Point 7	1Y return: -9.09% (bottom quartile).	1Y return: 0.85% (upper mid).	1Y return: -2.21% (lower mid).	1Y return: 26.24% (top quartile).	1Y return: -3.37% (bottom quartile).
Point 8	Alpha: -3.81 (bottom quartile).	Alpha: 1.80 (top quartile).	Alpha: -1.28 (bottom quartile).	Alpha: 0.00 (upper mid).	Alpha: 0.00 (lower mid).
Point 9	Sharpe: -0.12 (bottom quartile).	Sharpe: 0.25 (upper mid).	Sharpe: -0.02 (bottom quartile).	Sharpe: 3.23 (top quartile).	Sharpe: 0.17 (lower mid).
Point 10	Information ratio: 0.24 (top quartile).	Information ratio: -0.03 (bottom quartile).	Information ratio: 0.21 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).

Motilal Oswal Midcap 30 Fund

Lower mid AUM (₹40,208 Cr).
Established history (12+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 17.07% (top quartile).
3Y return: 14.91% (lower mid).
1Y return: -9.09% (bottom quartile).
Alpha: -3.81 (bottom quartile).
Sharpe: -0.12 (bottom quartile).
Information ratio: 0.24 (top quartile).

Nippon India Small Cap Fund

Upper mid AUM (₹80,906 Cr).
Established history (16+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 16.10% (upper mid).
3Y return: 11.41% (bottom quartile).
1Y return: 0.85% (upper mid).
Alpha: 1.80 (top quartile).
Sharpe: 0.25 (upper mid).
Information ratio: -0.03 (bottom quartile).

HDFC Mid-Cap Opportunities Fund

Highest AUM (₹101,856 Cr).
Oldest track record among peers (19 yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 16.08% (lower mid).
3Y return: 14.26% (bottom quartile).
1Y return: -2.21% (lower mid).
Alpha: -1.28 (bottom quartile).
Sharpe: -0.02 (bottom quartile).
Information ratio: 0.21 (upper mid).

Baroda Pioneer Mid-Cap Fund

Bottom quartile AUM (₹97 Cr).
Established history (16+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: High.
5Y return: 15.89% (bottom quartile).
3Y return: 22.51% (top quartile).
1Y return: 26.24% (top quartile).
Alpha: 0.00 (upper mid).
Sharpe: 3.23 (top quartile).
Information ratio: 0.00 (lower mid).

Invesco India Mid Cap Fund

Bottom quartile AUM (₹15,749 Cr).
Established history (19+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 15.40% (bottom quartile).
3Y return: 18.88% (upper mid).
1Y return: -3.37% (bottom quartile).
Alpha: 0.00 (lower mid).
Sharpe: 0.17 (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 (%)	2025 (%)
HDFC Equity Fund Growth	₹1,936.31 ↓ -9.19	₹108,547	-4.1	-2.7	-6.6	13.3	13.7	11.4
BNP Paribas Multi Cap Fund Growth	₹73.5154 ↓ -0.01	₹588	-4.6	-2.6	19.3	17.3	13.6
Nippon India Multi Cap Fund Growth	₹278.914 ↓ -1.79	₹53,767	-6.6	-7	-8.5	10.1	13.5	4.1
Aditya Birla Sun Life Manufacturing Equity Fund Growth	₹36.44 ↓ -0.27	₹1,386	-3.9	3.5	9.5	17.3	12.7	3.5
JM Multicap Fund Growth	₹93.2755 ↓ -0.68	₹5,036	-3.5	0	-6.3	10.4	12.2	-6.8
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Oct 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	HDFC Equity Fund	BNP Paribas Multi Cap Fund	Nippon India Multi Cap Fund	Aditya Birla Sun Life Manufacturing Equity Fund	JM Multicap Fund
Point 1	Highest AUM (₹108,547 Cr).	Bottom quartile AUM (₹588 Cr).	Upper mid AUM (₹53,767 Cr).	Bottom quartile AUM (₹1,386 Cr).	Lower mid AUM (₹5,036 Cr).
Point 2	Oldest track record among peers (31 yrs).	Established history (21+ yrs).	Established history (21+ yrs).	Established history (11+ yrs).	Established history (18+ yrs).
Point 3	Rating: 3★ (lower mid).	Top rated.	Rating: 2★ (bottom quartile).	Not Rated.	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: 13.68% (top quartile).	5Y return: 13.57% (upper mid).	5Y return: 13.51% (lower mid).	5Y return: 12.71% (bottom quartile).	5Y return: 12.20% (bottom quartile).
Point 6	3Y return: 13.34% (lower mid).	3Y return: 17.28% (upper mid).	3Y return: 10.14% (bottom quartile).	3Y return: 17.35% (top quartile).	3Y return: 10.45% (bottom quartile).
Point 7	1Y return: -6.60% (bottom quartile).	1Y return: 19.34% (top quartile).	1Y return: -8.54% (bottom quartile).	1Y return: 9.53% (upper mid).	1Y return: -6.34% (lower mid).
Point 8	Alpha: -0.68 (bottom quartile).	Alpha: 0.00 (upper mid).	Alpha: -3.54 (bottom quartile).	Alpha: 0.00 (lower mid).	Alpha: 2.92 (top quartile).
Point 9	Sharpe: -0.35 (bottom quartile).	Sharpe: 2.86 (top quartile).	Sharpe: -0.36 (bottom quartile).	Sharpe: 0.81 (upper mid).	Sharpe: -0.17 (lower mid).
Point 10	Information ratio: 0.94 (top quartile).	Information ratio: 0.00 (bottom quartile).	Information ratio: 0.04 (lower mid).	Information ratio: 0.00 (bottom quartile).	Information ratio: 0.48 (upper mid).

HDFC Equity Fund

Highest AUM (₹108,547 Cr).
Oldest track record among peers (31 yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 13.68% (top quartile).
3Y return: 13.34% (lower mid).
1Y return: -6.60% (bottom quartile).
Alpha: -0.68 (bottom quartile).
Sharpe: -0.35 (bottom quartile).
Information ratio: 0.94 (top quartile).

BNP Paribas Multi Cap Fund

Bottom quartile AUM (₹588 Cr).
Established history (21+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 13.57% (upper mid).
3Y return: 17.28% (upper mid).
1Y return: 19.34% (top quartile).
Alpha: 0.00 (upper mid).
Sharpe: 2.86 (top quartile).
Information ratio: 0.00 (bottom quartile).

Nippon India Multi Cap Fund

Upper mid AUM (₹53,767 Cr).
Established history (21+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 13.51% (lower mid).
3Y return: 10.14% (bottom quartile).
1Y return: -8.54% (bottom quartile).
Alpha: -3.54 (bottom quartile).
Sharpe: -0.36 (bottom quartile).
Information ratio: 0.04 (lower mid).

Aditya Birla Sun Life Manufacturing Equity Fund

Bottom quartile AUM (₹1,386 Cr).
Established history (11+ yrs).
Not Rated.
Risk profile: High.
5Y return: 12.71% (bottom quartile).
3Y return: 17.35% (top quartile).
1Y return: 9.53% (upper mid).
Alpha: 0.00 (lower mid).
Sharpe: 0.81 (upper mid).
Information ratio: 0.00 (bottom quartile).

JM Multicap Fund

Lower mid AUM (₹5,036 Cr).
Established history (18+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 12.20% (bottom quartile).
3Y return: 10.45% (bottom quartile).
1Y return: -6.34% (lower mid).
Alpha: 2.92 (top quartile).
Sharpe: -0.17 (lower mid).
Information ratio: 0.48 (upper mid).

Top 5 Sector Funds with 5 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2025 (%)
SBI PSU Fund Growth	₹31.6721 ↓ -0.18	₹6,354	-8	-13.6	-4.1	17.2	18.7	11.3
LIC MF Infrastructure Fund Growth	₹50.765 ↓ -0.18	₹1,153	-5.7	-1.7	1.1	18.6	18.4	-3.7
DSP India T.I.G.E.R Fund Growth	₹330.351 ↓ -2.64	₹6,265	-8.4	-3.9	4.2	16.3	18.2	-2.5
BOI AXA Manufacturing and Infrastructure Fund Growth	₹62.99 ↓ -0.47	₹984	-5.6	1.7	7.8	17.8	18	7.8
ICICI Prudential Infrastructure Fund Growth	₹183.36 ↓ -1.25	₹8,227	-9.4	-9.5	-7.9	13.5	17.2	6.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Oct 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	SBI PSU Fund	LIC MF Infrastructure Fund	DSP India T.I.G.E.R Fund	BOI AXA Manufacturing and Infrastructure Fund	ICICI Prudential Infrastructure Fund
Point 1	Upper mid AUM (₹6,354 Cr).	Bottom quartile AUM (₹1,153 Cr).	Lower mid AUM (₹6,265 Cr).	Bottom quartile AUM (₹984 Cr).	Highest AUM (₹8,227 Cr).
Point 2	Established history (16+ yrs).	Established history (18+ yrs).	Oldest track record among peers (22 yrs).	Established history (16+ yrs).	Established history (21+ yrs).
Point 3	Rating: 2★ (lower mid).	Not Rated.	Top rated.	Not Rated.	Rating: 3★ (upper mid).
Point 4	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.
Point 5	5Y return: 18.66% (top quartile).	5Y return: 18.45% (upper mid).	5Y return: 18.18% (lower mid).	5Y return: 17.95% (bottom quartile).	5Y return: 17.20% (bottom quartile).
Point 6	3Y return: 17.22% (lower mid).	3Y return: 18.58% (top quartile).	3Y return: 16.27% (bottom quartile).	3Y return: 17.84% (upper mid).	3Y return: 13.45% (bottom quartile).
Point 7	1Y return: -4.05% (bottom quartile).	1Y return: 1.14% (lower mid).	1Y return: 4.23% (upper mid).	1Y return: 7.84% (top quartile).	1Y return: -7.90% (bottom quartile).
Point 8	Alpha: -0.21 (bottom quartile).	Alpha: 12.01 (top quartile).	Alpha: 0.00 (upper mid).	Alpha: 0.00 (lower mid).	Alpha: 0.00 (bottom quartile).
Point 9	Sharpe: -0.14 (bottom quartile).	Sharpe: 0.27 (lower mid).	Sharpe: 0.38 (upper mid).	Sharpe: 0.70 (top quartile).	Sharpe: -0.15 (bottom quartile).
Point 10	Information ratio: -0.42 (bottom quartile).	Information ratio: 0.62 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).

SBI PSU Fund

Upper mid AUM (₹6,354 Cr).
Established history (16+ yrs).
Rating: 2★ (lower mid).
Risk profile: High.
5Y return: 18.66% (top quartile).
3Y return: 17.22% (lower mid).
1Y return: -4.05% (bottom quartile).
Alpha: -0.21 (bottom quartile).
Sharpe: -0.14 (bottom quartile).
Information ratio: -0.42 (bottom quartile).

LIC MF Infrastructure Fund

Bottom quartile AUM (₹1,153 Cr).
Established history (18+ yrs).
Not Rated.
Risk profile: High.
5Y return: 18.45% (upper mid).
3Y return: 18.58% (top quartile).
1Y return: 1.14% (lower mid).
Alpha: 12.01 (top quartile).
Sharpe: 0.27 (lower mid).
Information ratio: 0.62 (top quartile).

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

Lower mid AUM (₹6,265 Cr).
Oldest track record among peers (22 yrs).
Top rated.
Risk profile: High.
5Y return: 18.18% (lower mid).
3Y return: 16.27% (bottom quartile).
1Y return: 4.23% (upper mid).
Alpha: 0.00 (upper mid).
Sharpe: 0.38 (upper mid).
Information ratio: 0.00 (upper mid).

BOI AXA Manufacturing and Infrastructure Fund

Bottom quartile AUM (₹984 Cr).
Established history (16+ yrs).
Not Rated.
Risk profile: High.
5Y return: 17.95% (bottom quartile).
3Y return: 17.84% (upper mid).
1Y return: 7.84% (top quartile).
Alpha: 0.00 (lower mid).
Sharpe: 0.70 (top quartile).
Information ratio: 0.00 (lower mid).

ICICI Prudential Infrastructure Fund

Highest AUM (₹8,227 Cr).
Established history (21+ yrs).
Rating: 3★ (upper mid).
Risk profile: High.
5Y return: 17.20% (bottom quartile).
3Y return: 13.45% (bottom quartile).
1Y return: -7.90% (bottom quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: -0.15 (bottom quartile).
Information ratio: 0.00 (bottom quartile).

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 (%)	2025 (%)
Baroda Pioneer Conservative Hybrid Fund Growth	₹30.2092 ↑ 0.02	₹33	-1.7	-1.2	3.3	9.1	7.8
Nippon India Hybrid Bond Fund Growth	₹61.7335 ↓ -0.09	₹977	0	1.6	4	7.5	7.1	9.7
ICICI Prudential MIP 25 Growth	₹77.6308 ↓ -0.15	₹3,270	-1.7	-0.4	0.3	7.4	7	7.9
SBI Debt Hybrid Fund Growth	₹75.3614 ↓ -0.17	₹10,107	-1.3	0.1	2.1	7.3	7.4	6.7
DSP Regular Savings Fund Growth	₹60.0151 ↓ -0.10	₹175	-1.3	-0.1	1	7.3	6.5	7.2
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 11 Mar 22

Research Highlights & Commentary of 5 Funds showcased

Commentary	Baroda Pioneer Conservative Hybrid Fund	Nippon India Hybrid Bond Fund	ICICI Prudential MIP 25	SBI Debt Hybrid Fund	DSP Regular Savings Fund
Point 1	Bottom quartile AUM (₹33 Cr).	Lower mid AUM (₹977 Cr).	Upper mid AUM (₹3,270 Cr).	Highest AUM (₹10,107 Cr).	Bottom quartile AUM (₹175 Cr).
Point 2	Established history (22+ yrs).	Established history (22+ yrs).	Established history (22+ yrs).	Oldest track record among peers (25 yrs).	Established history (22+ yrs).
Point 3	Rating: 2★ (bottom quartile).	Rating: 3★ (lower mid).	Top rated.	Rating: 5★ (upper mid).	Rating: 3★ (bottom quartile).
Point 4	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderately High.	Risk profile: Moderate.	Risk profile: Moderately High.
Point 5	5Y return: 7.83% (top quartile).	5Y return: 7.13% (lower mid).	5Y return: 7.00% (bottom quartile).	5Y return: 7.42% (upper mid).	5Y return: 6.51% (bottom quartile).
Point 6	3Y return: 9.05% (top quartile).	3Y return: 7.54% (upper mid).	3Y return: 7.44% (lower mid).	3Y return: 7.32% (bottom quartile).	3Y return: 7.31% (bottom quartile).
Point 7	1Y return: 3.31% (upper mid).	1Y return: 3.95% (top quartile).	1Y return: 0.32% (bottom quartile).	1Y return: 2.11% (lower mid).	1Y return: 0.95% (bottom quartile).
Point 8	1M return: -1.08% (upper mid).	1M return: -0.64% (top quartile).	1M return: -1.47% (bottom quartile).	1M return: -1.54% (bottom quartile).	1M return: -1.34% (lower mid).
Point 9	Alpha: 0.25 (upper mid).	Alpha: 1.70 (top quartile).	Alpha: 0.00 (lower mid).	Alpha: 0.00 (bottom quartile).	Alpha: -0.32 (bottom quartile).
Point 10	Sharpe: 0.85 (top quartile).	Sharpe: 0.01 (upper mid).	Sharpe: -0.76 (bottom quartile).	Sharpe: -0.26 (lower mid).	Sharpe: -0.58 (bottom quartile).

Baroda Pioneer Conservative Hybrid Fund

Bottom quartile AUM (₹33 Cr).
Established history (22+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderate.
5Y return: 7.83% (top quartile).
3Y return: 9.05% (top quartile).
1Y return: 3.31% (upper mid).
1M return: -1.08% (upper mid).
Alpha: 0.25 (upper mid).
Sharpe: 0.85 (top quartile).

Nippon India Hybrid Bond Fund

Lower mid AUM (₹977 Cr).
Established history (22+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderate.
5Y return: 7.13% (lower mid).
3Y return: 7.54% (upper mid).
1Y return: 3.95% (top quartile).
1M return: -0.64% (top quartile).
Alpha: 1.70 (top quartile).
Sharpe: 0.01 (upper mid).

ICICI Prudential MIP 25

Upper mid AUM (₹3,270 Cr).
Established history (22+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 7.00% (bottom quartile).
3Y return: 7.44% (lower mid).
1Y return: 0.32% (bottom quartile).
1M return: -1.47% (bottom quartile).
Alpha: 0.00 (lower mid).
Sharpe: -0.76 (bottom quartile).

SBI Debt Hybrid Fund

Highest AUM (₹10,107 Cr).
Oldest track record among peers (25 yrs).
Rating: 5★ (upper mid).
Risk profile: Moderate.
5Y return: 7.42% (upper mid).
3Y return: 7.32% (bottom quartile).
1Y return: 2.11% (lower mid).
1M return: -1.54% (bottom quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: -0.26 (lower mid).

DSP Regular Savings Fund

Bottom quartile AUM (₹175 Cr).
Established history (22+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 6.51% (bottom quartile).
3Y return: 7.31% (bottom quartile).
1Y return: 0.95% (bottom quartile).
1M return: -1.34% (lower mid).
Alpha: -0.32 (bottom quartile).
Sharpe: -0.58 (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 (%)	2025 (%)
Sundaram Equity Hybrid Fund Growth	₹135.137 ↑ 0.78	₹1,954	0.5	10.5	27.1	16	14.2
IDBI Hybrid Equity Fund Growth	₹17.1253 ↓ -0.01	₹179	7.8	9.8	12.1	14.4	7.1
Baroda Pioneer Hybrid Equity Fund Growth	₹81.2894 ↑ 0.36	₹389	-3.5	-0.8	14.8	14.3	11.2
BOI AXA Mid and Small Cap Equity and Debt Fund Growth	₹40.7 ↓ -0.35	₹2,196	-2.7	1.1	6.9	13.3	12.3	-0.9
Bandhan Hybrid Equity Fund Growth	₹26.706 ↓ -0.12	₹2,663	-2.8	-0.4	-1	11.7	8.9	7.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 31 Dec 21

Research Highlights & Commentary of 5 Funds showcased

Commentary	Sundaram Equity Hybrid Fund	IDBI Hybrid Equity Fund	Baroda Pioneer Hybrid Equity Fund	BOI AXA Mid and Small Cap Equity and Debt Fund	Bandhan Hybrid Equity Fund
Point 1	Lower mid AUM (₹1,954 Cr).	Bottom quartile AUM (₹179 Cr).	Bottom quartile AUM (₹389 Cr).	Upper mid AUM (₹2,196 Cr).	Highest AUM (₹2,663 Cr).
Point 2	Oldest track record among peers (26 yrs).	Established history (10+ yrs).	Established history (23+ yrs).	Established history (10+ yrs).	Established history (9+ yrs).
Point 3	Rating: 2★ (upper mid).	Not Rated.	Top rated.	Not Rated.	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: 14.20% (top quartile).	5Y return: 7.09% (bottom quartile).	5Y return: 11.17% (lower mid).	5Y return: 12.29% (upper mid).	5Y return: 8.91% (bottom quartile).
Point 6	3Y return: 16.03% (top quartile).	3Y return: 14.43% (upper mid).	3Y return: 14.26% (lower mid).	3Y return: 13.33% (bottom quartile).	3Y return: 11.71% (bottom quartile).
Point 7	1Y return: 27.10% (top quartile).	1Y return: 12.06% (lower mid).	1Y return: 14.82% (upper mid).	1Y return: 6.91% (bottom quartile).	1Y return: -1.00% (bottom quartile).
Point 8	1M return: 1.80% (upper mid).	1M return: 2.10% (top quartile).	1M return: -2.79% (lower mid).	1M return: -6.05% (bottom quartile).	1M return: -3.72% (bottom quartile).
Point 9	Alpha: 5.81 (lower mid).	Alpha: -0.26 (bottom quartile).	Alpha: 6.53 (upper mid).	Alpha: 0.00 (bottom quartile).	Alpha: 6.68 (top quartile).
Point 10	Sharpe: 2.64 (top quartile).	Sharpe: 1.03 (lower mid).	Sharpe: 2.59 (upper mid).	Sharpe: 0.54 (bottom quartile).	Sharpe: 0.01 (bottom quartile).

Sundaram Equity Hybrid Fund

Lower mid AUM (₹1,954 Cr).
Oldest track record among peers (26 yrs).
Rating: 2★ (upper mid).
Risk profile: Moderately High.
5Y return: 14.20% (top quartile).
3Y return: 16.03% (top quartile).
1Y return: 27.10% (top quartile).
1M return: 1.80% (upper mid).
Alpha: 5.81 (lower mid).
Sharpe: 2.64 (top quartile).

IDBI Hybrid Equity Fund

Bottom quartile AUM (₹179 Cr).
Established history (10+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 7.09% (bottom quartile).
3Y return: 14.43% (upper mid).
1Y return: 12.06% (lower mid).
1M return: 2.10% (top quartile).
Alpha: -0.26 (bottom quartile).
Sharpe: 1.03 (lower mid).

Baroda Pioneer Hybrid Equity Fund

Bottom quartile AUM (₹389 Cr).
Established history (23+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 11.17% (lower mid).
3Y return: 14.26% (lower mid).
1Y return: 14.82% (upper mid).
1M return: -2.79% (lower mid).
Alpha: 6.53 (upper mid).
Sharpe: 2.59 (upper mid).

BOI AXA Mid and Small Cap Equity and Debt Fund

Upper mid AUM (₹2,196 Cr).
Established history (10+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 12.29% (upper mid).
3Y return: 13.33% (bottom quartile).
1Y return: 6.91% (bottom quartile).
1M return: -6.05% (bottom quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: 0.54 (bottom quartile).

Bandhan Hybrid Equity Fund

Highest AUM (₹2,663 Cr).
Established history (9+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 8.91% (bottom quartile).
3Y return: 11.71% (bottom quartile).
1Y return: -1.00% (bottom quartile).
1M return: -3.72% (bottom quartile).
Alpha: 6.68 (top quartile).
Sharpe: 0.01 (bottom quartile).

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 (%)	2025 (%)
SBI Gold Fund Growth	₹41.3164 ↓ -0.22	₹17,423	-1.7	-6.2	11.2	31.3	23.1	71.5
ICICI Prudential Regular Gold Savings Fund Growth	₹43.6407 ↓ -0.27	₹7,067	-1.7	-6.4	11.8	31.2	22.9	72
HDFC Gold Fund Growth	₹42.1011 ↓ -0.29	₹12,013	-1.5	-6.3	10.8	31.1	22.8	71.3
Kotak Gold Fund Growth	₹54.1971 ↓ -0.28	₹6,996	-1.7	-6.1	11.1	31.1	22.6	70.4
Nippon India Gold Savings Fund Growth	₹53.9433 ↓ -0.36	₹7,353	-1.6	-6.2	11.2	31	22.8	71.2
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Oct 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	SBI Gold Fund	ICICI Prudential Regular Gold Savings Fund	HDFC Gold Fund	Kotak Gold Fund	Nippon India Gold Savings Fund
Point 1	Highest AUM (₹17,423 Cr).	Bottom quartile AUM (₹7,067 Cr).	Upper mid AUM (₹12,013 Cr).	Bottom quartile AUM (₹6,996 Cr).	Lower mid AUM (₹7,353 Cr).
Point 2	Oldest track record among peers (15 yrs).	Established history (15+ yrs).	Established history (15+ yrs).	Established history (15+ yrs).	Established history (15+ yrs).
Point 3	Top rated.	Rating: 1★ (lower mid).	Rating: 1★ (bottom quartile).	Rating: 1★ (bottom quartile).	Rating: 2★ (upper 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: 23.09% (top quartile).	5Y return: 22.86% (upper mid).	5Y return: 22.80% (lower mid).	5Y return: 22.63% (bottom quartile).	5Y return: 22.79% (bottom quartile).
Point 6	3Y return: 31.26% (top quartile).	3Y return: 31.16% (upper mid).	3Y return: 31.12% (lower mid).	3Y return: 31.10% (bottom quartile).	3Y return: 31.05% (bottom quartile).
Point 7	1Y return: 11.17% (lower mid).	1Y return: 11.83% (top quartile).	1Y return: 10.79% (bottom quartile).	1Y return: 11.14% (bottom quartile).	1Y return: 11.24% (upper mid).
Point 8	1M return: -6.10% (upper mid).	1M return: -6.10% (lower mid).	1M return: -6.21% (bottom quartile).	1M return: -5.93% (top quartile).	1M return: -6.14% (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: 0.79 (upper mid).	Sharpe: 0.75 (bottom quartile).	Sharpe: 0.78 (lower mid).	Sharpe: 0.85 (top quartile).	Sharpe: 0.74 (bottom quartile).

SBI Gold Fund

Highest AUM (₹17,423 Cr).
Oldest track record among peers (15 yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 23.09% (top quartile).
3Y return: 31.26% (top quartile).
1Y return: 11.17% (lower mid).
1M return: -6.10% (upper mid).
Alpha: 0.00 (top quartile).
Sharpe: 0.79 (upper mid).

ICICI Prudential Regular Gold Savings Fund

Bottom quartile AUM (₹7,067 Cr).
Established history (15+ yrs).
Rating: 1★ (lower mid).
Risk profile: Moderately High.
5Y return: 22.86% (upper mid).
3Y return: 31.16% (upper mid).
1Y return: 11.83% (top quartile).
1M return: -6.10% (lower mid).
Alpha: 0.00 (upper mid).
Sharpe: 0.75 (bottom quartile).

HDFC Gold Fund

Upper mid AUM (₹12,013 Cr).
Established history (15+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 22.80% (lower mid).
3Y return: 31.12% (lower mid).
1Y return: 10.79% (bottom quartile).
1M return: -6.21% (bottom quartile).
Alpha: 0.00 (lower mid).
Sharpe: 0.78 (lower mid).

Kotak Gold Fund

Bottom quartile AUM (₹6,996 Cr).
Established history (15+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 22.63% (bottom quartile).
3Y return: 31.10% (bottom quartile).
1Y return: 11.14% (bottom quartile).
1M return: -5.93% (top quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: 0.85 (top quartile).

Nippon India Gold Savings Fund

Lower mid AUM (₹7,353 Cr).
Established history (15+ yrs).
Rating: 2★ (upper mid).
Risk profile: Moderately High.
5Y return: 22.79% (bottom quartile).
3Y return: 31.05% (bottom quartile).
1Y return: 11.24% (upper mid).
1M return: -6.14% (bottom quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: 0.74 (bottom 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.