Best Mutual Funds with Highest Returns 2025

Updated on September 14, 2025 , 15939 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 2025

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.

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
BOI AXA Liquid Fund Growth	₹3,043.51 ↑ 0.66	₹2,002	0.5	1.4	3.3	6.9	7.4	5.64%	1M 17D	1M 17D
Axis Liquid Fund Growth	₹2,942.48 ↑ 0.60	₹36,757	0.5	1.4	3.3	6.9	7.4	5.85%	1M 12D	1M 15D
Indiabulls Liquid Fund Growth	₹2,555.73	₹393	0.5	1.4	3.3	6.9	7.4	5.77%	1M 10D	1M 11D
PGIM India Insta Cash Fund Growth	₹344.027	₹513	0.5	1.4	3.3	6.9	7.3	5.81%	1M 15D	1M 17D
Canara Robeco Liquid Growth	₹3,180.8 ↑ 0.68	₹6,577	0.5	1.4	3.3	6.9	7.4	5.76%	1M 5D	1M 7D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Sep 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	BOI AXA Liquid Fund	Axis Liquid Fund	Indiabulls Liquid Fund	PGIM India Insta Cash Fund	Canara Robeco Liquid
Point 1	Lower mid AUM (₹2,002 Cr).	Highest AUM (₹36,757 Cr).	Bottom quartile AUM (₹393 Cr).	Bottom quartile AUM (₹513 Cr).	Upper mid AUM (₹6,577 Cr).
Point 2	Established history (17+ yrs).	Established history (15+ yrs).	Established history (13+ yrs).	Oldest track record among peers (18 yrs).	Established history (17+ yrs).
Point 3	Rating: 3★ (bottom quartile).	Rating: 4★ (lower mid).	Top rated.	Rating: 5★ (upper mid).	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: 6.93% (top quartile).	1Y return: 6.92% (upper mid).	1Y return: 6.92% (lower mid).	1Y return: 6.90% (bottom quartile).	1Y return: 6.90% (bottom quartile).
Point 6	1M return: 0.47% (lower mid).	1M return: 0.47% (upper mid).	1M return: 0.49% (top quartile).	1M return: 0.46% (bottom quartile).	1M return: 0.46% (bottom quartile).
Point 7	Sharpe: 4.36 (top quartile).	Sharpe: 3.64 (upper mid).	Sharpe: 3.05 (bottom quartile).	Sharpe: 3.30 (bottom quartile).	Sharpe: 3.31 (lower mid).
Point 8	Information ratio: 0.52 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: -1.37 (bottom quartile).	Information ratio: -0.82 (bottom quartile).	Information ratio: -0.08 (lower mid).
Point 9	Yield to maturity (debt): 5.64% (bottom quartile).	Yield to maturity (debt): 5.85% (top quartile).	Yield to maturity (debt): 5.77% (lower mid).	Yield to maturity (debt): 5.81% (upper mid).	Yield to maturity (debt): 5.76% (bottom quartile).
Point 10	Modified duration: 0.13 yrs (bottom quartile).	Modified duration: 0.12 yrs (lower mid).	Modified duration: 0.11 yrs (upper mid).	Modified duration: 0.13 yrs (bottom quartile).	Modified duration: 0.10 yrs (top quartile).

BOI AXA Liquid Fund

Lower mid AUM (₹2,002 Cr).
Established history (17+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.93% (top quartile).
1M return: 0.47% (lower mid).
Sharpe: 4.36 (top quartile).
Information ratio: 0.52 (top quartile).
Yield to maturity (debt): 5.64% (bottom quartile).
Modified duration: 0.13 yrs (bottom quartile).

Axis Liquid Fund

Highest AUM (₹36,757 Cr).
Established history (15+ yrs).
Rating: 4★ (lower mid).
Risk profile: Low.
1Y return: 6.92% (upper mid).
1M return: 0.47% (upper mid).
Sharpe: 3.64 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 5.85% (top quartile).
Modified duration: 0.12 yrs (lower mid).

Indiabulls Liquid Fund

Bottom quartile AUM (₹393 Cr).
Established history (13+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.92% (lower mid).
1M return: 0.49% (top quartile).
Sharpe: 3.05 (bottom quartile).
Information ratio: -1.37 (bottom quartile).
Yield to maturity (debt): 5.77% (lower mid).
Modified duration: 0.11 yrs (upper mid).

PGIM India Insta Cash Fund

Bottom quartile AUM (₹513 Cr).
Oldest track record among peers (18 yrs).
Rating: 5★ (upper mid).
Risk profile: Low.
1Y return: 6.90% (bottom quartile).
1M return: 0.46% (bottom quartile).
Sharpe: 3.30 (bottom quartile).
Information ratio: -0.82 (bottom quartile).
Yield to maturity (debt): 5.81% (upper mid).
Modified duration: 0.13 yrs (bottom quartile).

Canara Robeco Liquid

Upper mid AUM (₹6,577 Cr).
Established history (17+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.90% (bottom quartile).
1M return: 0.46% (bottom quartile).
Sharpe: 3.31 (lower mid).
Information ratio: -0.08 (lower mid).
Yield to maturity (debt): 5.76% (bottom quartile).
Modified duration: 0.10 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 (%)	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	₹556.195 ↑ 0.16	₹20,795	1.6	4.1	7.9	7.4		6.6%	5M 26D	7M 2D
ICICI Prudential Ultra Short Term Fund Growth	₹28.0754 ↑ 0.01	₹16,382	1.5	3.9	7.4	7.1	7.5	6.63%	4M 24D	7M 6D
SBI Magnum Ultra Short Duration Fund Growth	₹6,052.88	₹15,902	1.4	3.8	7.3	7.1	7.4	6.13%	4M 20D	5M 12D
Invesco India Ultra Short Term Fund Growth	₹2,731.95 ↑ 0.85	₹1,191	1.4	3.7	7.2	6.9		6.23%	5M 9D	5M 19D
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	Invesco India Ultra Short Term Fund
Point 1	Bottom quartile AUM (₹297 Cr).	Highest AUM (₹20,795 Cr).	Upper mid AUM (₹16,382 Cr).	Lower mid AUM (₹15,902 Cr).	Bottom quartile AUM (₹1,191 Cr).
Point 2	Established history (17+ yrs).	Established history (22+ yrs).	Established history (14+ yrs).	Oldest track record among peers (26 yrs).	Established history (14+ 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: Moderate.
Point 5	1Y return: 13.69% (top quartile).	1Y return: 7.92% (upper mid).	1Y return: 7.40% (lower mid).	1Y return: 7.28% (bottom quartile).	1Y return: 7.24% (bottom quartile).
Point 6	1M return: 0.59% (top quartile).	1M return: 0.47% (lower mid).	1M return: 0.48% (upper mid).	1M return: 0.47% (bottom quartile).	1M return: 0.47% (bottom quartile).
Point 7	Sharpe: 2.57 (bottom quartile).	Sharpe: 3.76 (top quartile).	Sharpe: 2.80 (upper mid).	Sharpe: 2.77 (lower mid).	Sharpe: 2.75 (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): 6.60% (upper mid).	Yield to maturity (debt): 6.63% (top quartile).	Yield to maturity (debt): 6.13% (bottom quartile).	Yield to maturity (debt): 6.23% (lower mid).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 0.49 yrs (bottom quartile).	Modified duration: 0.40 yrs (lower mid).	Modified duration: 0.39 yrs (upper mid).	Modified duration: 0.44 yrs (bottom quartile).

Franklin India Ultra Short Bond Fund - Super Institutional Plan

Bottom quartile AUM (₹297 Cr).
Established history (17+ 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 (₹20,795 Cr).
Established history (22+ yrs).
Top rated.
Risk profile: Moderately Low.
1Y return: 7.92% (upper mid).
1M return: 0.47% (lower mid).
Sharpe: 3.76 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.60% (upper mid).
Modified duration: 0.49 yrs (bottom quartile).

ICICI Prudential Ultra Short Term Fund

Upper mid AUM (₹16,382 Cr).
Established history (14+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderate.
1Y return: 7.40% (lower mid).
1M return: 0.48% (upper mid).
Sharpe: 2.80 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.63% (top quartile).
Modified duration: 0.40 yrs (lower mid).

SBI Magnum Ultra Short Duration Fund

Lower mid AUM (₹15,902 Cr).
Oldest track record among peers (26 yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 7.28% (bottom quartile).
1M return: 0.47% (bottom quartile).
Sharpe: 2.77 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.13% (bottom quartile).
Modified duration: 0.39 yrs (upper mid).

Invesco India Ultra Short Term Fund

Bottom quartile AUM (₹1,191 Cr).
Established history (14+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderate.
1Y return: 7.24% (bottom quartile).
1M return: 0.47% (bottom quartile).
Sharpe: 2.75 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.23% (lower mid).
Modified duration: 0.44 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%
HDFC Short Term Debt Fund Growth	₹32.4247 ↑ 0.00	₹18,143	1.2	4.5	8	7.7	8.3	6.8%	2Y 4M 10D	3Y 6M 25D
ICICI Prudential Short Term Fund Growth	₹60.9756 ↑ 0.02	₹22,070	1.3	4.5	8.1	7.7		7.11%	2Y 2M 5D	4Y 25D
Axis Short Term Fund Growth	₹31.3528 ↑ 0.01	₹11,760	1.3	4.8	8.4	7.5		6.76%	2Y 2M 5D	2Y 10M 20D
Nippon India Short Term Fund Growth	₹53.4485 ↓ -0.02	₹8,739	1.1	4.6	8.2	7.5		6.93%	2Y 7M 24D	3Y 4M 2D
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	HDFC Short Term Debt Fund	ICICI Prudential Short Term Fund	Axis Short Term Fund	Nippon India Short Term Fund
Point 1	Bottom quartile AUM (₹13 Cr).	Upper mid AUM (₹18,143 Cr).	Highest AUM (₹22,070 Cr).	Lower mid AUM (₹11,760 Cr).	Bottom quartile AUM (₹8,739 Cr).
Point 2	Oldest track record among peers (23 yrs).	Established history (15+ yrs).	Established history (23+ yrs).	Established history (15+ yrs).	Established history (22+ yrs).
Point 3	Rating: 2★ (bottom quartile).	Rating: 3★ (lower mid).	Top rated.	Rating: 3★ (bottom quartile).	Rating: 4★ (upper mid).
Point 4	Risk profile: Moderate.	Risk profile: Moderately Low.	Risk profile: Moderate.	Risk profile: Moderately Low.	Risk profile: Moderately Low.
Point 5	1Y return: 192.10% (top quartile).	1Y return: 8.04% (bottom quartile).	1Y return: 8.08% (bottom quartile).	1Y return: 8.43% (upper mid).	1Y return: 8.16% (lower mid).
Point 6	1M return: 192.10% (top quartile).	1M return: 0.32% (lower mid).	1M return: 0.30% (bottom quartile).	1M return: 0.37% (upper mid).	1M return: 0.25% (bottom quartile).
Point 7	Sharpe: -90.89 (bottom quartile).	Sharpe: 2.01 (lower mid).	Sharpe: 2.15 (upper mid).	Sharpe: 2.19 (top quartile).	Sharpe: 1.99 (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): 6.80% (lower mid).	Yield to maturity (debt): 7.11% (top quartile).	Yield to maturity (debt): 6.76% (bottom quartile).	Yield to maturity (debt): 6.93% (upper mid).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 2.36 yrs (bottom quartile).	Modified duration: 2.18 yrs (upper mid).	Modified duration: 2.18 yrs (lower mid).	Modified duration: 2.65 yrs (bottom quartile).

Franklin India Short Term Income Plan - Retail Plan

Bottom quartile AUM (₹13 Cr).
Oldest track record among peers (23 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).

HDFC Short Term Debt Fund

Upper mid AUM (₹18,143 Cr).
Established history (15+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately Low.
1Y return: 8.04% (bottom quartile).
1M return: 0.32% (lower mid).
Sharpe: 2.01 (lower mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 6.80% (lower mid).
Modified duration: 2.36 yrs (bottom quartile).

ICICI Prudential Short Term Fund

Highest AUM (₹22,070 Cr).
Established history (23+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 8.08% (bottom quartile).
1M return: 0.30% (bottom quartile).
Sharpe: 2.15 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.11% (top quartile).
Modified duration: 2.18 yrs (upper mid).

Axis Short Term Fund

Lower mid AUM (₹11,760 Cr).
Established history (15+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 8.43% (upper mid).
1M return: 0.37% (upper mid).
Sharpe: 2.19 (top quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.76% (bottom quartile).
Modified duration: 2.18 yrs (lower mid).

Nippon India Short Term Fund

Bottom quartile AUM (₹8,739 Cr).
Established history (22+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately Low.
1Y return: 8.16% (lower mid).
1M return: 0.25% (bottom quartile).
Sharpe: 1.99 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.93% (upper mid).
Modified duration: 2.65 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 (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
ICICI Prudential Gilt Fund Growth	₹103.312 ↑ 0.10	₹7,330	0	3.7	7.1	7.8		6.63%	4Y 2M 5D	12Y 9M 7D
DSP Government Securities Fund Growth	₹95.6235 ↑ 0.11	₹1,894	-0.1	2.5	4.6	7.4	10.1	6.79%	9Y 3M 4D	23Y 5M 19D
SBI Magnum Gilt Fund Growth	₹65.8778 ↑ 0.03	₹11,980	-0.1	2.5	4.7	7.4	8.9	6.73%	8Y 4M 28D	17Y 3M 18D
Axis Gilt Fund Growth	₹25.5291 ↑ 0.02	₹619	-0.2	2.7	5.3	7.3	10	6.78%	8Y 7M 24D	22Y 8M 1D
Bandhan Government Securities Fund - Investment Plan Growth	₹34.9975 ↑ 0.02	₹3,324	-0.2	1.4	3	7.2	10.6	6.97%	10Y 7M 2D	21Y 5M 19D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Sep 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	ICICI Prudential Gilt Fund	DSP Government Securities Fund	SBI Magnum Gilt Fund	Axis Gilt Fund	Bandhan Government Securities Fund - Investment Plan
Point 1	Upper mid AUM (₹7,330 Cr).	Bottom quartile AUM (₹1,894 Cr).	Highest AUM (₹11,980 Cr).	Bottom quartile AUM (₹619 Cr).	Lower mid AUM (₹3,324 Cr).
Point 2	Oldest track record among peers (26 yrs).	Established history (25+ yrs).	Established history (24+ yrs).	Established history (13+ yrs).	Established history (16+ yrs).
Point 3	Top rated.	Rating: 3★ (lower mid).	Rating: 4★ (upper mid).	Rating: 1★ (bottom quartile).	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: 7.10% (top quartile).	1Y return: 4.61% (bottom quartile).	1Y return: 4.70% (lower mid).	1Y return: 5.33% (upper mid).	1Y return: 3.03% (bottom quartile).
Point 6	1M return: -0.02% (bottom quartile).	1M return: -0.01% (lower mid).	1M return: -0.03% (bottom quartile).	1M return: 0.09% (upper mid).	1M return: 0.25% (top quartile).
Point 7	Sharpe: 1.16 (top quartile).	Sharpe: 0.25 (lower mid).	Sharpe: 0.20 (bottom quartile).	Sharpe: 0.41 (upper mid).	Sharpe: -0.04 (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): 6.63% (bottom quartile).	Yield to maturity (debt): 6.79% (upper mid).	Yield to maturity (debt): 6.73% (bottom quartile).	Yield to maturity (debt): 6.78% (lower mid).	Yield to maturity (debt): 6.97% (top quartile).
Point 10	Modified duration: 4.18 yrs (top quartile).	Modified duration: 9.26 yrs (bottom quartile).	Modified duration: 8.41 yrs (upper mid).	Modified duration: 8.65 yrs (lower mid).	Modified duration: 10.59 yrs (bottom quartile).

ICICI Prudential Gilt Fund

Upper mid AUM (₹7,330 Cr).
Oldest track record among peers (26 yrs).
Top rated.
Risk profile: Moderate.
1Y return: 7.10% (top quartile).
1M return: -0.02% (bottom quartile).
Sharpe: 1.16 (top quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 6.63% (bottom quartile).
Modified duration: 4.18 yrs (top quartile).

DSP Government Securities Fund

Bottom quartile AUM (₹1,894 Cr).
Established history (25+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderate.
1Y return: 4.61% (bottom quartile).
1M return: -0.01% (lower mid).
Sharpe: 0.25 (lower mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.79% (upper mid).
Modified duration: 9.26 yrs (bottom quartile).

SBI Magnum Gilt Fund

Highest AUM (₹11,980 Cr).
Established history (24+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
1Y return: 4.70% (lower mid).
1M return: -0.03% (bottom quartile).
Sharpe: 0.20 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.73% (bottom quartile).
Modified duration: 8.41 yrs (upper mid).

Axis Gilt Fund

Bottom quartile AUM (₹619 Cr).
Established history (13+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderate.
1Y return: 5.33% (upper mid).
1M return: 0.09% (upper mid).
Sharpe: 0.41 (upper mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.78% (lower mid).
Modified duration: 8.65 yrs (lower mid).

Bandhan Government Securities Fund - Investment Plan

Lower mid AUM (₹3,324 Cr).
Established history (16+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderate.
1Y return: 3.03% (bottom quartile).
1M return: 0.25% (top quartile).
Sharpe: -0.04 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.97% (top quartile).
Modified duration: 10.59 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 (%)	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	₹22.9128 ↑ 0.03	₹669	0.9	4.9	8.4	8.1	9.6	7.03%		7Y 15D
ICICI Prudential Long Term Plan Growth	₹37.2536 ↑ 0.03	₹15,051	0.6	3.9	7.5	7.7		7.32%	3Y 8M 5D	9Y 7M 6D
Aditya Birla Sun Life Dynamic Bond Fund Growth	₹46.6036 ↓ -0.01	₹1,928	0.5	4	6.8	7.5		7.31%	6Y 3M	11Y 3M 4D
SBI Dynamic Bond Fund Growth	₹35.8444 ↑ 0.02	₹3,805	0.5	3.4	5.6	7.4		6.83%	5Y 9M 11D	9Y 8M 12D
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	ICICI Prudential Long Term Plan	Aditya Birla Sun Life Dynamic Bond Fund	SBI Dynamic Bond Fund
Point 1	Bottom quartile AUM (₹99 Cr).	Bottom quartile AUM (₹669 Cr).	Highest AUM (₹15,051 Cr).	Lower mid AUM (₹1,928 Cr).	Upper mid AUM (₹3,805 Cr).
Point 2	Oldest track record among peers (28 yrs).	Established history (12+ yrs).	Established history (15+ yrs).	Established history (20+ yrs).	Established history (21+ yrs).
Point 3	Rating: 1★ (bottom quartile).	Not Rated.	Top rated.	Rating: 3★ (lower mid).	Rating: 4★ (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: 8.41% (upper mid).	1Y return: 7.46% (lower mid).	1Y return: 6.75% (bottom quartile).	1Y return: 5.59% (bottom quartile).
Point 6	1M return: 1.43% (top quartile).	1M return: 0.33% (upper mid).	1M return: 0.10% (bottom quartile).	1M return: 0.16% (bottom quartile).	1M return: 0.16% (lower mid).
Point 7	Sharpe: 1.19 (lower mid).	Sharpe: 1.72 (top quartile).	Sharpe: 1.53 (upper mid).	Sharpe: 0.84 (bottom quartile).	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): 7.03% (lower mid).	Yield to maturity (debt): 7.32% (top quartile).	Yield to maturity (debt): 7.31% (upper mid).	Yield to maturity (debt): 6.83% (bottom quartile).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 0.00 yrs (upper mid).	Modified duration: 3.68 yrs (lower mid).	Modified duration: 6.25 yrs (bottom quartile).	Modified duration: 5.78 yrs (bottom quartile).

Franklin India Dynamic Accrual Fund

Bottom quartile AUM (₹99 Cr).
Oldest track record among peers (28 yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderate.
1Y return: 31.90% (top quartile).
1M return: 1.43% (top quartile).
Sharpe: 1.19 (lower mid).
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 (₹669 Cr).
Established history (12+ yrs).
Not Rated.
Risk profile: Moderate.
1Y return: 8.41% (upper mid).
1M return: 0.33% (upper mid).
Sharpe: 1.72 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.03% (lower mid).
Modified duration: 0.00 yrs (upper mid).

ICICI Prudential Long Term Plan

Highest AUM (₹15,051 Cr).
Established history (15+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 7.46% (lower mid).
1M return: 0.10% (bottom quartile).
Sharpe: 1.53 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.32% (top quartile).
Modified duration: 3.68 yrs (lower mid).

Aditya Birla Sun Life Dynamic Bond Fund

Lower mid AUM (₹1,928 Cr).
Established history (20+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderate.
1Y return: 6.75% (bottom quartile).
1M return: 0.16% (bottom quartile).
Sharpe: 0.84 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.31% (upper mid).
Modified duration: 6.25 yrs (bottom quartile).

SBI Dynamic Bond Fund

Upper mid AUM (₹3,805 Cr).
Established history (21+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
1Y return: 5.59% (bottom quartile).
1M return: 0.16% (lower mid).
Sharpe: 0.30 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.83% (bottom quartile).
Modified duration: 5.78 yrs (bottom quartile).

Best Equity Mutual Funds with Highest Returns 2025

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	₹93.0103 ↑ 0.67	₹44,165	3.6	16.6	2.9	20	24.4
ICICI Prudential Bluechip Fund Growth	₹111.95 ↑ 0.81	₹71,788	2.4	14.7	1.3	18.7	21.5
HDFC Top 100 Fund Growth	₹1,149.56 ↑ 8.53	₹38,117	2.2	12.2	-2.8	16.6	21	11.6
JM Core 11 Fund Growth	₹20.2641 ↑ 0.17	₹284	4.2	14.9	-4	19.4	20.3	24.3
Aditya Birla Sun Life Frontline Equity Fund Growth	₹533.29 ↑ 4.06	₹30,235	2	14.7	-0.2	15.7	19.3	15.6
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Sep 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	Nippon India Large Cap Fund	ICICI Prudential Bluechip Fund	HDFC Top 100 Fund	JM Core 11 Fund	Aditya Birla Sun Life Frontline Equity Fund
Point 1	Upper mid AUM (₹44,165 Cr).	Highest AUM (₹71,788 Cr).	Lower mid AUM (₹38,117 Cr).	Bottom quartile AUM (₹284 Cr).	Bottom quartile AUM (₹30,235 Cr).
Point 2	Established history (18+ yrs).	Established history (17+ yrs).	Oldest track record among peers (28 yrs).	Established history (17+ yrs).	Established history (23+ yrs).
Point 3	Top rated.	Rating: 4★ (upper mid).	Rating: 3★ (bottom quartile).	Rating: 4★ (lower mid).	Rating: 4★ (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: 24.36% (top quartile).	5Y return: 21.47% (upper mid).	5Y return: 21.02% (lower mid).	5Y return: 20.28% (bottom quartile).	5Y return: 19.28% (bottom quartile).
Point 6	3Y return: 20.04% (top quartile).	3Y return: 18.74% (lower mid).	3Y return: 16.63% (bottom quartile).	3Y return: 19.36% (upper mid).	3Y return: 15.67% (bottom quartile).
Point 7	1Y return: 2.88% (top quartile).	1Y return: 1.29% (upper mid).	1Y return: -2.80% (bottom quartile).	1Y return: -4.03% (bottom quartile).	1Y return: -0.25% (lower mid).
Point 8	Alpha: 0.61 (lower mid).	Alpha: 1.58 (top quartile).	Alpha: -2.13 (bottom quartile).	Alpha: -4.99 (bottom quartile).	Alpha: 1.34 (upper mid).
Point 9	Sharpe: -0.37 (upper mid).	Sharpe: -0.35 (top quartile).	Sharpe: -0.64 (bottom quartile).	Sharpe: -0.75 (bottom quartile).	Sharpe: -0.38 (lower mid).
Point 10	Information ratio: 1.84 (top quartile).	Information ratio: 1.50 (upper mid).	Information ratio: 0.96 (lower mid).	Information ratio: 0.40 (bottom quartile).	Information ratio: 0.80 (bottom quartile).

Nippon India Large Cap Fund

Upper mid AUM (₹44,165 Cr).
Established history (18+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 24.36% (top quartile).
3Y return: 20.04% (top quartile).
1Y return: 2.88% (top quartile).
Alpha: 0.61 (lower mid).
Sharpe: -0.37 (upper mid).
Information ratio: 1.84 (top quartile).

ICICI Prudential Bluechip Fund

Highest AUM (₹71,788 Cr).
Established history (17+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 21.47% (upper mid).
3Y return: 18.74% (lower mid).
1Y return: 1.29% (upper mid).
Alpha: 1.58 (top quartile).
Sharpe: -0.35 (top quartile).
Information ratio: 1.50 (upper mid).

HDFC Top 100 Fund

Lower mid AUM (₹38,117 Cr).
Oldest track record among peers (28 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 21.02% (lower mid).
3Y return: 16.63% (bottom quartile).
1Y return: -2.80% (bottom quartile).
Alpha: -2.13 (bottom quartile).
Sharpe: -0.64 (bottom quartile).
Information ratio: 0.96 (lower mid).

JM Core 11 Fund

Bottom quartile AUM (₹284 Cr).
Established history (17+ yrs).
Rating: 4★ (lower mid).
Risk profile: High.
5Y return: 20.28% (bottom quartile).
3Y return: 19.36% (upper mid).
1Y return: -4.03% (bottom quartile).
Alpha: -4.99 (bottom quartile).
Sharpe: -0.75 (bottom quartile).
Information ratio: 0.40 (bottom quartile).

Aditya Birla Sun Life Frontline Equity Fund

Bottom quartile AUM (₹30,235 Cr).
Established history (23+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 19.28% (bottom quartile).
3Y return: 15.67% (bottom quartile).
1Y return: -0.25% (lower mid).
Alpha: 1.34 (upper mid).
Sharpe: -0.38 (lower mid).
Information ratio: 0.80 (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 (%)
Motilal Oswal Midcap 30 Fund Growth	₹105.928 ↑ 1.07	₹33,609	4.9	19.6	-0.2	27.1	32.9
Nippon India Small Cap Fund Growth	₹171.568 ↑ 0.92	₹65,922	1.8	20.6	-5.9	23.1	31.4	26.1
HDFC Small Cap Fund Growth	₹144.249	₹36,353	4.7	27	0.3	23.2	29.6	20.4
Edelweiss Mid Cap Fund Growth	₹102.286	₹11,027	1.4	22.2	1.1	23.9	28.5	38.9
HDFC Mid-Cap Opportunities Fund Growth	₹196.874 ↑ 1.28	₹83,847	3	21.1	1.8	25.2	28.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Sep 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	Motilal Oswal Midcap 30 Fund	Nippon India Small Cap Fund	HDFC Small Cap Fund	Edelweiss Mid Cap Fund	HDFC Mid-Cap Opportunities Fund
Point 1	Bottom quartile AUM (₹33,609 Cr).	Upper mid AUM (₹65,922 Cr).	Lower mid AUM (₹36,353 Cr).	Bottom quartile AUM (₹11,027 Cr).	Highest AUM (₹83,847 Cr).
Point 2	Established history (11+ yrs).	Established history (15+ yrs).	Established history (17+ yrs).	Established history (17+ yrs).	Oldest track record among peers (18 yrs).
Point 3	Rating: 3★ (lower mid).	Top rated.	Rating: 4★ (upper 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: High.	Risk profile: Moderately High.
Point 5	5Y return: 32.90% (top quartile).	5Y return: 31.40% (upper mid).	5Y return: 29.58% (lower mid).	5Y return: 28.45% (bottom quartile).	5Y return: 28.39% (bottom quartile).
Point 6	3Y return: 27.10% (top quartile).	3Y return: 23.08% (bottom quartile).	3Y return: 23.19% (bottom quartile).	3Y return: 23.91% (lower mid).	3Y return: 25.18% (upper mid).
Point 7	1Y return: -0.18% (bottom quartile).	1Y return: -5.90% (bottom quartile).	1Y return: 0.30% (lower mid).	1Y return: 1.14% (upper mid).	1Y return: 1.80% (top quartile).
Point 8	Alpha: 3.70 (upper mid).	Alpha: -3.84 (bottom quartile).	Alpha: 0.00 (bottom quartile).	Alpha: 5.32 (top quartile).	Alpha: 2.03 (lower mid).
Point 9	Sharpe: -0.11 (upper mid).	Sharpe: -0.51 (bottom quartile).	Sharpe: -0.17 (lower mid).	Sharpe: -0.06 (top quartile).	Sharpe: -0.21 (bottom quartile).
Point 10	Information ratio: 0.44 (upper mid).	Information ratio: 0.00 (bottom quartile).	Information ratio: 0.00 (bottom quartile).	Information ratio: 0.20 (lower mid).	Information ratio: 0.76 (top quartile).

Motilal Oswal Midcap 30 Fund

Bottom quartile AUM (₹33,609 Cr).
Established history (11+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 32.90% (top quartile).
3Y return: 27.10% (top quartile).
1Y return: -0.18% (bottom quartile).
Alpha: 3.70 (upper mid).
Sharpe: -0.11 (upper mid).
Information ratio: 0.44 (upper mid).

Nippon India Small Cap Fund

Upper mid AUM (₹65,922 Cr).
Established history (15+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 31.40% (upper mid).
3Y return: 23.08% (bottom quartile).
1Y return: -5.90% (bottom quartile).
Alpha: -3.84 (bottom quartile).
Sharpe: -0.51 (bottom quartile).
Information ratio: 0.00 (bottom quartile).

HDFC Small Cap Fund

Lower mid AUM (₹36,353 Cr).
Established history (17+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 29.58% (lower mid).
3Y return: 23.19% (bottom quartile).
1Y return: 0.30% (lower mid).
Alpha: 0.00 (bottom quartile).
Sharpe: -0.17 (lower mid).
Information ratio: 0.00 (bottom quartile).

Edelweiss Mid Cap Fund

Bottom quartile AUM (₹11,027 Cr).
Established history (17+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: High.
5Y return: 28.45% (bottom quartile).
3Y return: 23.91% (lower mid).
1Y return: 1.14% (upper mid).
Alpha: 5.32 (top quartile).
Sharpe: -0.06 (top quartile).
Information ratio: 0.20 (lower mid).

HDFC Mid-Cap Opportunities Fund

Highest AUM (₹83,847 Cr).
Oldest track record among peers (18 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 28.39% (bottom quartile).
3Y return: 25.18% (upper mid).
1Y return: 1.80% (top quartile).
Alpha: 2.03 (lower mid).
Sharpe: -0.21 (bottom quartile).
Information ratio: 0.76 (top 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	₹306.311 ↑ 1.63	₹45,881	3.2	20.3	0.7	23.1	29.6
HDFC Equity Fund Growth	₹2,037.39 ↑ 18.04	₹80,642	3.9	16.4	6	22.8	28.3
JM Multicap Fund Growth	₹99.7414 ↑ 0.92	₹5,957	2.7	14.4	-7.7	22.7	25.7	33.3
Mahindra Badhat Yojana Growth	₹35.576 ↑ 0.18	₹5,727	1.7	18.4	-3.6	18.3	24.9	23.4
ICICI Prudential Multicap Fund Growth	₹802.91 ↑ 4.83	₹15,523	1.2	15.3	-2.4	20.7	24.2	20.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Sep 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	Nippon India Multi Cap Fund	HDFC Equity Fund	JM Multicap Fund	Mahindra Badhat Yojana	ICICI Prudential Multicap Fund
Point 1	Upper mid AUM (₹45,881 Cr).	Highest AUM (₹80,642 Cr).	Bottom quartile AUM (₹5,957 Cr).	Bottom quartile AUM (₹5,727 Cr).	Lower mid AUM (₹15,523 Cr).
Point 2	Established history (20+ yrs).	Oldest track record among peers (30 yrs).	Established history (16+ yrs).	Established history (8+ yrs).	Established history (30+ yrs).
Point 3	Rating: 2★ (bottom quartile).	Rating: 3★ (upper mid).	Top rated.	Not Rated.	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: 29.56% (top quartile).	5Y return: 28.27% (upper mid).	5Y return: 25.70% (lower mid).	5Y return: 24.89% (bottom quartile).	5Y return: 24.16% (bottom quartile).
Point 6	3Y return: 23.06% (top quartile).	3Y return: 22.78% (upper mid).	3Y return: 22.71% (lower mid).	3Y return: 18.31% (bottom quartile).	3Y return: 20.67% (bottom quartile).
Point 7	1Y return: 0.72% (upper mid).	1Y return: 5.96% (top quartile).	1Y return: -7.71% (bottom quartile).	1Y return: -3.63% (bottom quartile).	1Y return: -2.40% (lower mid).
Point 8	Alpha: 2.00 (upper mid).	Alpha: 4.65 (top quartile).	Alpha: -9.56 (bottom quartile).	Alpha: 1.26 (lower mid).	Alpha: -0.54 (bottom quartile).
Point 9	Sharpe: -0.27 (upper mid).	Sharpe: -0.02 (top quartile).	Sharpe: -1.04 (bottom quartile).	Sharpe: -0.32 (lower mid).	Sharpe: -0.43 (bottom quartile).
Point 10	Information ratio: 0.95 (upper mid).	Information ratio: 1.60 (top quartile).	Information ratio: 0.94 (lower mid).	Information ratio: 0.35 (bottom quartile).	Information ratio: 0.37 (bottom quartile).

Nippon India Multi Cap Fund

Upper mid AUM (₹45,881 Cr).
Established history (20+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 29.56% (top quartile).
3Y return: 23.06% (top quartile).
1Y return: 0.72% (upper mid).
Alpha: 2.00 (upper mid).
Sharpe: -0.27 (upper mid).
Information ratio: 0.95 (upper mid).

HDFC Equity Fund

Highest AUM (₹80,642 Cr).
Oldest track record among peers (30 yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 28.27% (upper mid).
3Y return: 22.78% (upper mid).
1Y return: 5.96% (top quartile).
Alpha: 4.65 (top quartile).
Sharpe: -0.02 (top quartile).
Information ratio: 1.60 (top quartile).

JM Multicap Fund

Bottom quartile AUM (₹5,957 Cr).
Established history (16+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 25.70% (lower mid).
3Y return: 22.71% (lower mid).
1Y return: -7.71% (bottom quartile).
Alpha: -9.56 (bottom quartile).
Sharpe: -1.04 (bottom quartile).
Information ratio: 0.94 (lower mid).

Mahindra Badhat Yojana

Bottom quartile AUM (₹5,727 Cr).
Established history (8+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 24.89% (bottom quartile).
3Y return: 18.31% (bottom quartile).
1Y return: -3.63% (bottom quartile).
Alpha: 1.26 (lower mid).
Sharpe: -0.32 (lower mid).
Information ratio: 0.35 (bottom quartile).

ICICI Prudential Multicap Fund

Lower mid AUM (₹15,523 Cr).
Established history (30+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 24.16% (bottom quartile).
3Y return: 20.67% (bottom quartile).
1Y return: -2.40% (lower mid).
Alpha: -0.54 (bottom quartile).
Sharpe: -0.43 (bottom quartile).
Information ratio: 0.37 (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 (%)
ICICI Prudential Infrastructure Fund Growth	₹196.6 ↑ 1.45	₹7,941	0.3	17.5	-1.2	28.1	35.4
HDFC Infrastructure Fund Growth	₹47.918 ↑ 0.27	₹2,540	1.2	18.5	-3.3	27.4	33	23
Franklin Build India Fund Growth	₹143.14 ↑ 1.34	₹2,950	2.3	18.6	-1.9	27.2	32.9	27.8
Bandhan Infrastructure Fund Growth	₹50.618	₹1,676	0.5	19.3	-9.4	26.3	32.6
DSP India T.I.G.E.R Fund Growth	₹317.982 ↑ 1.85	₹5,406	2.6	18.7	-7.5	25.8	32.6
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Sep 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	ICICI Prudential Infrastructure Fund	HDFC Infrastructure Fund	Franklin Build India Fund	Bandhan Infrastructure Fund	DSP India T.I.G.E.R Fund
Point 1	Highest AUM (₹7,941 Cr).	Bottom quartile AUM (₹2,540 Cr).	Lower mid AUM (₹2,950 Cr).	Bottom quartile AUM (₹1,676 Cr).	Upper mid AUM (₹5,406 Cr).
Point 2	Established history (20+ yrs).	Established history (17+ yrs).	Established history (16+ yrs).	Established history (14+ yrs).	Oldest track record among peers (21 yrs).
Point 3	Rating: 3★ (bottom quartile).	Rating: 3★ (bottom quartile).	Top rated.	Rating: 5★ (upper mid).	Rating: 4★ (lower mid).
Point 4	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.
Point 5	5Y return: 35.43% (top quartile).	5Y return: 33.00% (upper mid).	5Y return: 32.88% (lower mid).	5Y return: 32.60% (bottom quartile).	5Y return: 32.57% (bottom quartile).
Point 6	3Y return: 28.09% (top quartile).	3Y return: 27.43% (upper mid).	3Y return: 27.17% (lower mid).	3Y return: 26.30% (bottom quartile).	3Y return: 25.80% (bottom quartile).
Point 7	1Y return: -1.17% (top quartile).	1Y return: -3.32% (lower mid).	1Y return: -1.88% (upper mid).	1Y return: -9.35% (bottom quartile).	1Y return: -7.53% (bottom quartile).
Point 8	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 9	Sharpe: -0.42 (top quartile).	Sharpe: -0.56 (lower mid).	Sharpe: -0.51 (upper mid).	Sharpe: -0.69 (bottom quartile).	Sharpe: -0.65 (bottom quartile).
Point 10	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).

ICICI Prudential Infrastructure Fund

Highest AUM (₹7,941 Cr).
Established history (20+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: High.
5Y return: 35.43% (top quartile).
3Y return: 28.09% (top quartile).
1Y return: -1.17% (top quartile).
Alpha: 0.00 (top quartile).
Sharpe: -0.42 (top quartile).
Information ratio: 0.00 (top quartile).

HDFC Infrastructure Fund

Bottom quartile AUM (₹2,540 Cr).
Established history (17+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: High.
5Y return: 33.00% (upper mid).
3Y return: 27.43% (upper mid).
1Y return: -3.32% (lower mid).
Alpha: 0.00 (upper mid).
Sharpe: -0.56 (lower mid).
Information ratio: 0.00 (upper mid).

Franklin Build India Fund

Lower mid AUM (₹2,950 Cr).
Established history (16+ yrs).
Top rated.
Risk profile: High.
5Y return: 32.88% (lower mid).
3Y return: 27.17% (lower mid).
1Y return: -1.88% (upper mid).
Alpha: 0.00 (lower mid).
Sharpe: -0.51 (upper mid).
Information ratio: 0.00 (lower mid).

Bandhan Infrastructure Fund

Bottom quartile AUM (₹1,676 Cr).
Established history (14+ yrs).
Rating: 5★ (upper mid).
Risk profile: High.
5Y return: 32.60% (bottom quartile).
3Y return: 26.30% (bottom quartile).
1Y return: -9.35% (bottom quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: -0.69 (bottom quartile).
Information ratio: 0.00 (bottom quartile).

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

Upper mid AUM (₹5,406 Cr).
Oldest track record among peers (21 yrs).
Rating: 4★ (lower mid).
Risk profile: High.
5Y return: 32.57% (bottom quartile).
3Y return: 25.80% (bottom quartile).
1Y return: -7.53% (bottom quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: -0.65 (bottom quartile).
Information ratio: 0.00 (bottom quartile).

Best Hybrid Mutual Funds with Highest Returns 2025

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	₹76.9156 ↑ 0.12	₹3,237	2.1	7.5	6.8	10.2	10
HDFC Hybrid Debt Fund Growth	₹82.0717 ↑ 0.12	₹3,388	-0.1	4.7	3.3	10.1	11.2
DSP Regular Savings Fund Growth	₹59.0661 ↑ 0.09	₹178	0.7	5.1	5.7	10.1	9.1	11
Kotak Debt Hybrid Fund Growth	₹58.4254 ↑ 0.11	₹3,130	0.4	5.2	2.7	10	10.6
SBI Debt Hybrid Fund Growth	₹73.1913 ↑ 0.06	₹9,799	1.4	6.6	4.5	9.9	11	11
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Sep 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	ICICI Prudential MIP 25	HDFC Hybrid Debt Fund	DSP Regular Savings Fund	Kotak Debt Hybrid Fund	SBI Debt Hybrid Fund
Point 1	Lower mid AUM (₹3,237 Cr).	Upper mid AUM (₹3,388 Cr).	Bottom quartile AUM (₹178 Cr).	Bottom quartile AUM (₹3,130 Cr).	Highest AUM (₹9,799 Cr).
Point 2	Established history (21+ yrs).	Established history (21+ yrs).	Established history (21+ yrs).	Established history (21+ yrs).	Oldest track record among peers (24 yrs).
Point 3	Top rated.	Rating: 4★ (lower mid).	Rating: 3★ (bottom quartile).	Rating: 4★ (bottom quartile).	Rating: 5★ (upper mid).
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderate.	Risk profile: Moderate.
Point 5	5Y return: 10.00% (bottom quartile).	5Y return: 11.15% (top quartile).	5Y return: 9.07% (bottom quartile).	5Y return: 10.57% (lower mid).	5Y return: 11.03% (upper mid).
Point 6	3Y return: 10.24% (top quartile).	3Y return: 10.15% (upper mid).	3Y return: 10.06% (lower mid).	3Y return: 9.97% (bottom quartile).	3Y return: 9.92% (bottom quartile).
Point 7	1Y return: 6.79% (top quartile).	1Y return: 3.35% (bottom quartile).	1Y return: 5.72% (upper mid).	1Y return: 2.68% (bottom quartile).	1Y return: 4.55% (lower mid).
Point 8	1M return: 1.12% (top quartile).	1M return: 0.33% (bottom quartile).	1M return: 0.43% (lower mid).	1M return: 0.43% (bottom quartile).	1M return: 0.90% (upper mid).
Point 9	Alpha: 0.00 (top quartile).	Alpha: 0.00 (upper mid).	Alpha: -0.12 (bottom quartile).	Alpha: -2.38 (bottom quartile).	Alpha: 0.00 (lower mid).
Point 10	Sharpe: 0.25 (top quartile).	Sharpe: -0.43 (bottom quartile).	Sharpe: 0.15 (upper mid).	Sharpe: -0.24 (bottom quartile).	Sharpe: -0.23 (lower mid).

ICICI Prudential MIP 25

Lower mid AUM (₹3,237 Cr).
Established history (21+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 10.00% (bottom quartile).
3Y return: 10.24% (top quartile).
1Y return: 6.79% (top quartile).
1M return: 1.12% (top quartile).
Alpha: 0.00 (top quartile).
Sharpe: 0.25 (top quartile).

HDFC Hybrid Debt Fund

Upper mid AUM (₹3,388 Cr).
Established history (21+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderately High.
5Y return: 11.15% (top quartile).
3Y return: 10.15% (upper mid).
1Y return: 3.35% (bottom quartile).
1M return: 0.33% (bottom quartile).
Alpha: 0.00 (upper mid).
Sharpe: -0.43 (bottom quartile).

DSP Regular Savings Fund

Bottom quartile AUM (₹178 Cr).
Established history (21+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 9.07% (bottom quartile).
3Y return: 10.06% (lower mid).
1Y return: 5.72% (upper mid).
1M return: 0.43% (lower mid).
Alpha: -0.12 (bottom quartile).
Sharpe: 0.15 (upper mid).

Kotak Debt Hybrid Fund

Bottom quartile AUM (₹3,130 Cr).
Established history (21+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderate.
5Y return: 10.57% (lower mid).
3Y return: 9.97% (bottom quartile).
1Y return: 2.68% (bottom quartile).
1M return: 0.43% (bottom quartile).
Alpha: -2.38 (bottom quartile).
Sharpe: -0.24 (bottom quartile).

SBI Debt Hybrid Fund

Highest AUM (₹9,799 Cr).
Oldest track record among peers (24 yrs).
Rating: 5★ (upper mid).
Risk profile: Moderate.
5Y return: 11.03% (upper mid).
3Y return: 9.92% (bottom quartile).
1Y return: 4.55% (lower mid).
1M return: 0.90% (upper mid).
Alpha: 0.00 (lower mid).
Sharpe: -0.23 (lower mid).

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 (%)
JM Equity Hybrid Fund Growth	₹122.229 ↑ 0.47	₹841	1.8	12.1	-5.7	20.7	21.4
ICICI Prudential Equity and Debt Fund Growth	₹402.25 ↑ 2.40	₹44,605	3.6	14	5.1	19.9	25.2	17.2
BOI AXA Mid and Small Cap Equity and Debt Fund Growth	₹38.29	₹1,258	-0.6	16.6	-3.1	18.6	22.4	25.8
UTI Hybrid Equity Fund Growth	₹405.423 ↑ 2.07	₹6,422	0.8	10.7	-0.6	16.3	19.5
Sundaram Equity Hybrid Fund Growth	₹135.137 ↑ 0.78	₹1,954	0.5	10.5	27.1	16	14.2
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Sep 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	JM Equity Hybrid Fund	ICICI Prudential Equity and Debt Fund	BOI AXA Mid and Small Cap Equity and Debt Fund	UTI Hybrid Equity Fund	Sundaram Equity Hybrid Fund
Point 1	Bottom quartile AUM (₹841 Cr).	Highest AUM (₹44,605 Cr).	Bottom quartile AUM (₹1,258 Cr).	Upper mid AUM (₹6,422 Cr).	Lower mid AUM (₹1,954 Cr).
Point 2	Oldest track record among peers (30 yrs).	Established history (25+ yrs).	Established history (9+ yrs).	Established history (30+ yrs).	Established history (25+ yrs).
Point 3	Rating: 1★ (bottom quartile).	Top rated.	Not Rated.	Rating: 3★ (upper mid).	Rating: 2★ (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: 21.36% (lower mid).	5Y return: 25.21% (top quartile).	5Y return: 22.38% (upper mid).	5Y return: 19.55% (bottom quartile).	5Y return: 14.20% (bottom quartile).
Point 6	3Y return: 20.68% (top quartile).	3Y return: 19.88% (upper mid).	3Y return: 18.64% (lower mid).	3Y return: 16.31% (bottom quartile).	3Y return: 16.03% (bottom quartile).
Point 7	1Y return: -5.73% (bottom quartile).	1Y return: 5.12% (upper mid).	1Y return: -3.09% (bottom quartile).	1Y return: -0.55% (lower mid).	1Y return: 27.10% (top quartile).
Point 8	1M return: 3.72% (top quartile).	1M return: 2.39% (upper mid).	1M return: 1.90% (lower mid).	1M return: 1.30% (bottom quartile).	1M return: 1.80% (bottom quartile).
Point 9	Alpha: -7.43 (bottom quartile).	Alpha: 2.01 (upper mid).	Alpha: 0.00 (lower mid).	Alpha: -0.36 (bottom quartile).	Alpha: 5.81 (top quartile).
Point 10	Sharpe: -0.92 (bottom quartile).	Sharpe: -0.18 (upper mid).	Sharpe: -0.38 (lower mid).	Sharpe: -0.42 (bottom quartile).	Sharpe: 2.64 (top quartile).

JM Equity Hybrid Fund

Bottom quartile AUM (₹841 Cr).
Oldest track record among peers (30 yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 21.36% (lower mid).
3Y return: 20.68% (top quartile).
1Y return: -5.73% (bottom quartile).
1M return: 3.72% (top quartile).
Alpha: -7.43 (bottom quartile).
Sharpe: -0.92 (bottom quartile).

ICICI Prudential Equity and Debt Fund

Highest AUM (₹44,605 Cr).
Established history (25+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 25.21% (top quartile).
3Y return: 19.88% (upper mid).
1Y return: 5.12% (upper mid).
1M return: 2.39% (upper mid).
Alpha: 2.01 (upper mid).
Sharpe: -0.18 (upper mid).

BOI AXA Mid and Small Cap Equity and Debt Fund

Bottom quartile AUM (₹1,258 Cr).
Established history (9+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 22.38% (upper mid).
3Y return: 18.64% (lower mid).
1Y return: -3.09% (bottom quartile).
1M return: 1.90% (lower mid).
Alpha: 0.00 (lower mid).
Sharpe: -0.38 (lower mid).

UTI Hybrid Equity Fund

Upper mid AUM (₹6,422 Cr).
Established history (30+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 19.55% (bottom quartile).
3Y return: 16.31% (bottom quartile).
1Y return: -0.55% (lower mid).
1M return: 1.30% (bottom quartile).
Alpha: -0.36 (bottom quartile).
Sharpe: -0.42 (bottom quartile).

Sundaram Equity Hybrid Fund

Lower mid AUM (₹1,954 Cr).
Established history (25+ yrs).
Rating: 2★ (lower mid).
Risk profile: Moderately High.
5Y return: 14.20% (bottom quartile).
3Y return: 16.03% (bottom quartile).
1Y return: 27.10% (top quartile).
1M return: 1.80% (bottom quartile).
Alpha: 5.81 (top quartile).
Sharpe: 2.64 (top quartile).

Best Gold Funds with 3 Year Highest Returns 2025

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 (%)
IDBI Gold Fund Growth	₹28.9513 ↑ 0.31	₹214	9.4	24.6	47.4	29.6	15.2	18.7
SBI Gold Fund Growth	₹32.5237 ↑ 0.45	₹4,740	9.5	26.6	48.2	29.5	14.7	19.6
ICICI Prudential Regular Gold Savings Fund Growth	₹34.5245 ↑ 0.58	₹2,384	9.1	26.9	48.7	29.4	14.5
Nippon India Gold Savings Fund Growth	₹42.5778 ↑ 0.62	₹3,248	10.9	26.5	48.2	29.3	14.8
HDFC Gold Fund Growth	₹33.2312	₹4,537	9.3	26.8	48.1	29.3	14.5	18.9
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Sep 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	IDBI Gold Fund	SBI Gold Fund	ICICI Prudential Regular Gold Savings Fund	Nippon India Gold Savings Fund	HDFC Gold Fund
Point 1	Bottom quartile AUM (₹214 Cr).	Highest AUM (₹4,740 Cr).	Bottom quartile AUM (₹2,384 Cr).	Lower mid AUM (₹3,248 Cr).	Upper mid AUM (₹4,537 Cr).
Point 2	Established history (13+ yrs).	Oldest track record among peers (14 yrs).	Established history (13+ yrs).	Established history (14+ yrs).	Established history (13+ yrs).
Point 3	Not Rated.	Top rated.	Rating: 1★ (lower mid).	Rating: 2★ (upper mid).	Rating: 1★ (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: 15.19% (top quartile).	5Y return: 14.66% (lower mid).	5Y return: 14.48% (bottom quartile).	5Y return: 14.83% (upper mid).	5Y return: 14.47% (bottom quartile).
Point 6	3Y return: 29.56% (top quartile).	3Y return: 29.48% (upper mid).	3Y return: 29.43% (lower mid).	3Y return: 29.28% (bottom quartile).	3Y return: 29.27% (bottom quartile).
Point 7	1Y return: 47.39% (bottom quartile).	1Y return: 48.24% (upper mid).	1Y return: 48.74% (top quartile).	1Y return: 48.16% (lower mid).	1Y return: 48.11% (bottom quartile).
Point 8	1M return: 9.74% (upper mid).	1M return: 9.38% (lower mid).	1M return: 9.26% (bottom quartile).	1M return: 10.94% (top quartile).	1M return: 9.33% (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: 2.25 (bottom quartile).	Sharpe: 2.53 (top quartile).	Sharpe: 2.50 (upper mid).	Sharpe: 2.48 (bottom quartile).	Sharpe: 2.50 (lower mid).

IDBI Gold Fund

Bottom quartile AUM (₹214 Cr).
Established history (13+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 15.19% (top quartile).
3Y return: 29.56% (top quartile).
1Y return: 47.39% (bottom quartile).
1M return: 9.74% (upper mid).
Alpha: 0.00 (top quartile).
Sharpe: 2.25 (bottom quartile).

SBI Gold Fund

Highest AUM (₹4,740 Cr).
Oldest track record among peers (14 yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 14.66% (lower mid).
3Y return: 29.48% (upper mid).
1Y return: 48.24% (upper mid).
1M return: 9.38% (lower mid).
Alpha: 0.00 (upper mid).
Sharpe: 2.53 (top quartile).

ICICI Prudential Regular Gold Savings Fund

Bottom quartile AUM (₹2,384 Cr).
Established history (13+ yrs).
Rating: 1★ (lower mid).
Risk profile: Moderately High.
5Y return: 14.48% (bottom quartile).
3Y return: 29.43% (lower mid).
1Y return: 48.74% (top quartile).
1M return: 9.26% (bottom quartile).
Alpha: 0.00 (lower mid).
Sharpe: 2.50 (upper mid).

Nippon India Gold Savings Fund

Lower mid AUM (₹3,248 Cr).
Established history (14+ yrs).
Rating: 2★ (upper mid).
Risk profile: Moderately High.
5Y return: 14.83% (upper mid).
3Y return: 29.28% (bottom quartile).
1Y return: 48.16% (lower mid).
1M return: 10.94% (top quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: 2.48 (bottom quartile).

HDFC Gold Fund

Upper mid AUM (₹4,537 Cr).
Established history (13+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 14.47% (bottom quartile).
3Y return: 29.27% (bottom quartile).
1Y return: 48.11% (bottom quartile).
1M return: 9.33% (bottom quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: 2.50 (lower mid).

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.