Best Mutual Funds with Highest Returns 2026

Updated on June 15, 2026 , 16354 views

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

What are Mutual Funds?

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

Best Mutual Funds to Invest with Highest Returns

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

Best Debt Mutual Funds with Highest Returns 2026

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

Fund Selection Methodology used to find 5 funds

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

Top 5 Liquid Funds with 1 Year Highest Returns

Fund	NAV	Net Assets (Cr)	1 MO (%)	3 MO (%)	6 MO (%)	1 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
IDBI Liquid Fund Growth	₹2,454.04 ↑ 0.35	₹503	0.5	1.7	3.4	6.6		6.66%	1M 7D	1M 10D
Axis Liquid Fund Growth	₹3,083.84 ↑ 0.41	₹51,160	0.6	1.8	3.3	6.3	6.6	6.23%	1M 5D	1M 5D
BOI AXA Liquid Fund Growth	₹3,189.06 ↑ 0.39	₹1,735	0.6	1.8	3.3	6.3	6.6	6.11%	1M 10D	1M 10D
Edelweiss Liquid Fund Growth	₹3,541.37 ↑ 0.46	₹15,091	0.6	1.8	3.3	6.3	6.5	7.42%	2M 8D	2M 8D
DSP Liquidity Fund Growth	₹3,952.97 ↑ 0.48	₹22,480	0.6	1.8	3.3	6.3	6.5	7.48%	1M 28D	2M 1D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 28 Jul 23

Research Highlights & Commentary of 5 Funds showcased

Commentary	IDBI Liquid Fund	Axis Liquid Fund	BOI AXA Liquid Fund	Edelweiss Liquid Fund	DSP Liquidity Fund
Point 1	Bottom quartile AUM (₹503 Cr).	Highest AUM (₹51,160 Cr).	Bottom quartile AUM (₹1,735 Cr).	Lower mid AUM (₹15,091 Cr).	Upper mid AUM (₹22,480 Cr).
Point 2	Established history (15+ yrs).	Established history (16+ yrs).	Established history (17+ yrs).	Established history (18+ yrs).	Oldest track record among peers (20 yrs).
Point 3	Rating: 3★ (upper mid).	Top rated.	Rating: 3★ (lower mid).	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: 6.29% (upper mid).	1Y return: 6.28% (lower mid).	1Y return: 6.27% (bottom quartile).	1Y return: 6.26% (bottom quartile).
Point 6	1M return: 0.53% (bottom quartile).	1M return: 0.62% (top quartile).	1M return: 0.61% (bottom quartile).	1M return: 0.62% (lower mid).	1M return: 0.62% (upper mid).
Point 7	Sharpe: 0.20 (bottom quartile).	Sharpe: 2.32 (lower mid).	Sharpe: 2.76 (top quartile).	Sharpe: 2.28 (bottom quartile).	Sharpe: 2.38 (upper mid).
Point 8	Information ratio: -5.96 (bottom quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 2.00 (top quartile).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 6.66% (lower mid).	Yield to maturity (debt): 6.23% (bottom quartile).	Yield to maturity (debt): 6.11% (bottom quartile).	Yield to maturity (debt): 7.42% (upper mid).	Yield to maturity (debt): 7.48% (top quartile).
Point 10	Modified duration: 0.10 yrs (upper mid).	Modified duration: 0.10 yrs (top quartile).	Modified duration: 0.11 yrs (lower mid).	Modified duration: 0.19 yrs (bottom quartile).	Modified duration: 0.16 yrs (bottom quartile).

IDBI Liquid Fund

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

Axis Liquid Fund

Highest AUM (₹51,160 Cr).
Established history (16+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.29% (upper mid).
1M return: 0.62% (top quartile).
Sharpe: 2.32 (lower mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.23% (bottom quartile).
Modified duration: 0.10 yrs (top quartile).

BOI AXA Liquid Fund

Bottom quartile AUM (₹1,735 Cr).
Established history (17+ yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.28% (lower mid).
1M return: 0.61% (bottom quartile).
Sharpe: 2.76 (top quartile).
Information ratio: 2.00 (top quartile).
Yield to maturity (debt): 6.11% (bottom quartile).
Modified duration: 0.11 yrs (lower mid).

Edelweiss Liquid Fund

Lower mid AUM (₹15,091 Cr).
Established history (18+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Low.
1Y return: 6.27% (bottom quartile).
1M return: 0.62% (lower mid).
Sharpe: 2.28 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.42% (upper mid).
Modified duration: 0.19 yrs (bottom quartile).

DSP Liquidity Fund

Upper mid AUM (₹22,480 Cr).
Oldest track record among peers (20 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.26% (bottom quartile).
1M return: 0.62% (upper mid).
Sharpe: 2.38 (upper mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.48% (top quartile).
Modified duration: 0.16 yrs (bottom 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
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	₹581.486 ↓ -0.06	₹19,985	1.6	3	6.2	7.2	7.4	7.45%	5M 26D	7M 2D
ICICI Prudential Ultra Short Term Fund Growth	₹29.3561 ↑ 0.00	₹15,929	1.7	3	6.1	7	7.1	7.73%	5M 16D	6M 29D
SBI Magnum Ultra Short Duration Fund Growth	₹6,326.25 ↑ 0.68	₹12,553	1.6	3	6	6.9	7	7.51%	5M 16D	10M 2D
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	ICICI Prudential Ultra Short Term Fund	SBI Magnum Ultra Short Duration Fund
Point 1	Bottom quartile AUM (₹297 Cr).	Bottom quartile AUM (₹146 Cr).	Highest AUM (₹19,985 Cr).	Upper mid AUM (₹15,929 Cr).	Lower mid AUM (₹12,553 Cr).
Point 2	Established history (18+ yrs).	Established history (15+ yrs).	Established history (23+ yrs).	Established history (15+ yrs).	Oldest track record among peers (27 yrs).
Point 3	Rating: 1★ (bottom quartile).	Rating: 1★ (bottom quartile).	Top rated.	Rating: 3★ (upper mid).	Rating: 3★ (lower mid).
Point 4	Risk profile: Moderate.	Risk profile: Moderately Low.	Risk profile: Moderately Low.	Risk profile: Moderate.	Risk profile: Low.
Point 5	1Y return: 13.69% (top quartile).	1Y return: 6.39% (upper mid).	1Y return: 6.19% (lower mid).	1Y return: 6.11% (bottom quartile).	1Y return: 6.01% (bottom quartile).
Point 6	1M return: 0.59% (bottom quartile).	1M return: 0.52% (bottom quartile).	1M return: 0.66% (lower mid).	1M return: 0.70% (top quartile).	1M return: 0.68% (upper mid).
Point 7	Sharpe: 2.57 (top quartile).	Sharpe: -0.57 (bottom quartile).	Sharpe: 1.75 (upper mid).	Sharpe: 1.75 (lower mid).	Sharpe: 1.67 (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): 6.83% (bottom quartile).	Yield to maturity (debt): 7.45% (lower mid).	Yield to maturity (debt): 7.73% (top quartile).	Yield to maturity (debt): 7.51% (upper mid).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 0.19 yrs (upper mid).	Modified duration: 0.49 yrs (bottom quartile).	Modified duration: 0.46 yrs (lower mid).	Modified duration: 0.46 yrs (bottom quartile).

Franklin India Ultra Short Bond Fund - Super Institutional Plan

Bottom quartile AUM (₹297 Cr).
Established history (18+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderate.
1Y return: 13.69% (top quartile).
1M return: 0.59% (bottom 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 (15+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 6.39% (upper mid).
1M return: 0.52% (bottom quartile).
Sharpe: -0.57 (bottom quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.83% (bottom quartile).
Modified duration: 0.19 yrs (upper mid).

Aditya Birla Sun Life Savings Fund

Highest AUM (₹19,985 Cr).
Established history (23+ yrs).
Top rated.
Risk profile: Moderately Low.
1Y return: 6.19% (lower mid).
1M return: 0.66% (lower mid).
Sharpe: 1.75 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.45% (lower mid).
Modified duration: 0.49 yrs (bottom quartile).

ICICI Prudential Ultra Short Term Fund

Upper mid AUM (₹15,929 Cr).
Established history (15+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderate.
1Y return: 6.11% (bottom quartile).
1M return: 0.70% (top quartile).
Sharpe: 1.75 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.73% (top quartile).
Modified duration: 0.46 yrs (lower mid).

SBI Magnum Ultra Short Duration Fund

Lower mid AUM (₹12,553 Cr).
Oldest track record among peers (27 yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.01% (bottom quartile).
1M return: 0.68% (upper mid).
Sharpe: 1.67 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.51% (upper mid).
Modified duration: 0.46 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	₹33.7916 ↓ 0.00	₹15,463	1.6	2.6	5.3	7.3	7.8	7.85%	2Y 4M 17D	3Y 5M 12D
ICICI Prudential Short Term Fund Growth	₹63.6271 ↑ 0.01	₹21,450	1.7	2.6	5.6	7.3	8	7.89%	2Y 4M 24D	3Y 11M 8D
IDBI Short Term Bond Fund Growth	₹23.8418 ↓ 0.00	₹26	1.4	3.2	6.2	7.2		6.43%	3M	3M 14D
Axis Short Term Fund Growth	₹32.6502 ↓ 0.00	₹8,955	1.7	2.7	5.3	7.2	8.1	7.67%	2Y 3M	3Y
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	IDBI Short Term Bond Fund	Axis Short Term Fund
Point 1	Bottom quartile AUM (₹13 Cr).	Upper mid AUM (₹15,463 Cr).	Highest AUM (₹21,450 Cr).	Bottom quartile AUM (₹26 Cr).	Lower mid AUM (₹8,955 Cr).
Point 2	Oldest track record among peers (24 yrs).	Established history (15+ yrs).	Established history (24+ yrs).	Established history (15+ yrs).	Established history (16+ yrs).
Point 3	Rating: 2★ (bottom quartile).	Rating: 3★ (upper mid).	Top rated.	Rating: 2★ (bottom quartile).	Rating: 3★ (lower 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: 5.26% (bottom quartile).	1Y return: 5.56% (lower mid).	1Y return: 6.21% (upper mid).	1Y return: 5.34% (bottom quartile).
Point 6	1M return: 192.10% (top quartile).	1M return: 1.25% (upper mid).	1M return: 1.19% (lower mid).	1M return: 0.43% (bottom quartile).	1M return: 1.18% (bottom quartile).
Point 7	Sharpe: -90.89 (bottom quartile).	Sharpe: -0.38 (bottom quartile).	Sharpe: -0.17 (upper mid).	Sharpe: 0.10 (top quartile).	Sharpe: -0.26 (lower mid).
Point 8	Information ratio: -2.42 (bottom quartile).	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 0.00% (bottom quartile).	Yield to maturity (debt): 7.85% (upper mid).	Yield to maturity (debt): 7.89% (top quartile).	Yield to maturity (debt): 6.43% (bottom quartile).	Yield to maturity (debt): 7.67% (lower mid).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 2.38 yrs (bottom quartile).	Modified duration: 2.40 yrs (bottom quartile).	Modified duration: 0.25 yrs (upper mid).	Modified duration: 2.25 yrs (lower mid).

Franklin India Short Term Income Plan - Retail Plan

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

HDFC Short Term Debt Fund

Upper mid AUM (₹15,463 Cr).
Established history (15+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately Low.
1Y return: 5.26% (bottom quartile).
1M return: 1.25% (upper mid).
Sharpe: -0.38 (bottom quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.85% (upper mid).
Modified duration: 2.38 yrs (bottom quartile).

ICICI Prudential Short Term Fund

Highest AUM (₹21,450 Cr).
Established history (24+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 5.56% (lower mid).
1M return: 1.19% (lower mid).
Sharpe: -0.17 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.89% (top quartile).
Modified duration: 2.40 yrs (bottom 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% (bottom quartile).
Sharpe: 0.10 (top quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.43% (bottom quartile).
Modified duration: 0.25 yrs (upper mid).

Axis Short Term Fund

Lower mid AUM (₹8,955 Cr).
Established history (16+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately Low.
1Y return: 5.34% (bottom quartile).
1M return: 1.18% (bottom quartile).
Sharpe: -0.26 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.67% (lower mid).
Modified duration: 2.25 yrs (lower mid).

Top 5 Gilt Funds with 3 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Bandhan Government Securities Fund - Investment Plan Growth	₹36.8869 ↑ 0.02	₹1,947	3	4.4	5.3	7	3.7	7.44%	7Y 5M 16D	19Y 6M
ICICI Prudential Gilt Fund Growth	₹106.488 ↑ 0.06	₹9,062	1.3	1.9	3.1	6.9	6.8	7.59%	8Y 4M 20D	20Y 7D
Axis Gilt Fund Growth	₹26.3369 ↑ 0.01	₹438	1.3	2.4	2.7	6.7	5.2	7.25%	8Y 1M 13D	19Y 9M 11D
UTI Gilt Fund Growth	₹65.2994 ↑ 0.04	₹548	1.6	3.1	3.7	6.6	5.1	6.52%	4Y 5M 5D	11Y 6M 22D
SBI Magnum Gilt Fund Growth	₹67.6963 ↑ 0.02	₹9,047	1.1	2.2	2.4	6.1	4.5	6.91%	5Y 2M 26D	11Y 11M 19D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 17 Jun 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	Bandhan Government Securities Fund - Investment Plan	ICICI Prudential Gilt Fund	Axis Gilt Fund	UTI Gilt Fund	SBI Magnum Gilt Fund
Point 1	Lower mid AUM (₹1,947 Cr).	Highest AUM (₹9,062 Cr).	Bottom quartile AUM (₹438 Cr).	Bottom quartile AUM (₹548 Cr).	Upper mid AUM (₹9,047 Cr).
Point 2	Established history (17+ yrs).	Oldest track record among peers (26 yrs).	Established history (14+ yrs).	Established history (24+ yrs).	Established history (25+ yrs).
Point 3	Rating: 3★ (bottom quartile).	Top rated.	Rating: 1★ (bottom quartile).	Rating: 4★ (upper mid).	Rating: 4★ (lower mid).
Point 4	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.
Point 5	1Y return: 5.27% (top quartile).	1Y return: 3.12% (lower mid).	1Y return: 2.73% (bottom quartile).	1Y return: 3.74% (upper mid).	1Y return: 2.37% (bottom quartile).
Point 6	1M return: 1.95% (top quartile).	1M return: 1.73% (lower mid).	1M return: 1.76% (upper mid).	1M return: 0.82% (bottom quartile).	1M return: 1.20% (bottom quartile).
Point 7	Sharpe: -1.15 (lower mid).	Sharpe: -1.04 (upper mid).	Sharpe: -1.36 (bottom quartile).	Sharpe: -0.84 (top quartile).	Sharpe: -1.56 (bottom quartile).
Point 8	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 7.44% (upper mid).	Yield to maturity (debt): 7.59% (top quartile).	Yield to maturity (debt): 7.25% (lower mid).	Yield to maturity (debt): 6.52% (bottom quartile).	Yield to maturity (debt): 6.91% (bottom quartile).
Point 10	Modified duration: 7.46 yrs (lower mid).	Modified duration: 8.39 yrs (bottom quartile).	Modified duration: 8.12 yrs (bottom quartile).	Modified duration: 4.43 yrs (top quartile).	Modified duration: 5.24 yrs (upper mid).

Bandhan Government Securities Fund - Investment Plan

Lower mid AUM (₹1,947 Cr).
Established history (17+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderate.
1Y return: 5.27% (top quartile).
1M return: 1.95% (top quartile).
Sharpe: -1.15 (lower mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.44% (upper mid).
Modified duration: 7.46 yrs (lower mid).

ICICI Prudential Gilt Fund

Highest AUM (₹9,062 Cr).
Oldest track record among peers (26 yrs).
Top rated.
Risk profile: Moderate.
1Y return: 3.12% (lower mid).
1M return: 1.73% (lower mid).
Sharpe: -1.04 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.59% (top quartile).
Modified duration: 8.39 yrs (bottom quartile).

Axis Gilt Fund

Bottom quartile AUM (₹438 Cr).
Established history (14+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderate.
1Y return: 2.73% (bottom quartile).
1M return: 1.76% (upper mid).
Sharpe: -1.36 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.25% (lower mid).
Modified duration: 8.12 yrs (bottom quartile).

UTI Gilt Fund

Bottom quartile AUM (₹548 Cr).
Established history (24+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
1Y return: 3.74% (upper mid).
1M return: 0.82% (bottom quartile).
Sharpe: -0.84 (top quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.52% (bottom quartile).
Modified duration: 4.43 yrs (top quartile).

SBI Magnum Gilt Fund

Upper mid AUM (₹9,047 Cr).
Established history (25+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderate.
1Y return: 2.37% (bottom quartile).
1M return: 1.20% (bottom quartile).
Sharpe: -1.56 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.91% (bottom quartile).
Modified duration: 5.24 yrs (upper mid).

Top 5 Dynamic Funds with 3 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Franklin India Dynamic Accrual Fund Growth	₹94.788 ↑ 0.84	₹99	2.4	22.4	31.9	11.7		0%		3M 18D
IIFL Dynamic Bond Fund Growth	₹23.845 ↑ 0.00	₹584	1.7	2.5	5	7.7	8.5	7.63%	4Y 4M 3D	6Y 12D
Aditya Birla Sun Life Dynamic Bond Fund Growth	₹48.4559 ↑ 0.03	₹1,504	1.7	2.8	4.2	7.1	7	8.68%	4Y 9M 4D	8Y 7M 20D
ICICI Prudential Long Term Plan Growth	₹38.6226 ↑ 0.02	₹13,903	1.5	2.3	4.3	7	7.2	8.11%	5Y 3M 11D	12Y 7M 2D
Nippon India Dynamic Bond Fund Growth	₹39.0639 ↑ 0.08	₹3,952	1.1	2.4	3.9	7	7.1	7.3%	3Y 6M 18D	4Y 3M 7D
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	Aditya Birla Sun Life Dynamic Bond Fund	ICICI Prudential Long Term Plan	Nippon India Dynamic Bond Fund
Point 1	Bottom quartile AUM (₹99 Cr).	Bottom quartile AUM (₹584 Cr).	Lower mid AUM (₹1,504 Cr).	Highest AUM (₹13,903 Cr).	Upper mid AUM (₹3,952 Cr).
Point 2	Oldest track record among peers (29 yrs).	Established history (12+ yrs).	Established history (21+ yrs).	Established history (16+ yrs).	Established history (21+ yrs).
Point 3	Rating: 1★ (lower mid).	Not Rated.	Rating: 3★ (upper mid).	Top rated.	Not Rated.
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: 4.98% (upper mid).	1Y return: 4.19% (bottom quartile).	1Y return: 4.33% (lower mid).	1Y return: 3.91% (bottom quartile).
Point 6	1M return: 1.43% (bottom quartile).	1M return: 1.77% (top quartile).	1M return: 1.60% (lower mid).	1M return: 1.37% (bottom quartile).	1M return: 1.68% (upper mid).
Point 7	Sharpe: 1.19 (top quartile).	Sharpe: -0.48 (upper mid).	Sharpe: -1.20 (bottom quartile).	Sharpe: -0.88 (bottom quartile).	Sharpe: -0.82 (lower mid).
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): 7.63% (lower mid).	Yield to maturity (debt): 8.68% (top quartile).	Yield to maturity (debt): 8.11% (upper mid).	Yield to maturity (debt): 7.30% (bottom quartile).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 4.34 yrs (lower mid).	Modified duration: 4.76 yrs (bottom quartile).	Modified duration: 5.28 yrs (bottom quartile).	Modified duration: 3.55 yrs (upper mid).

Franklin India Dynamic Accrual Fund

Bottom quartile AUM (₹99 Cr).
Oldest track record among peers (29 yrs).
Rating: 1★ (lower mid).
Risk profile: Moderate.
1Y return: 31.90% (top quartile).
1M return: 1.43% (bottom 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 (₹584 Cr).
Established history (12+ yrs).
Not Rated.
Risk profile: Moderate.
1Y return: 4.98% (upper mid).
1M return: 1.77% (top quartile).
Sharpe: -0.48 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.63% (lower mid).
Modified duration: 4.34 yrs (lower mid).

Aditya Birla Sun Life Dynamic Bond Fund

Lower mid AUM (₹1,504 Cr).
Established history (21+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderate.
1Y return: 4.19% (bottom quartile).
1M return: 1.60% (lower mid).
Sharpe: -1.20 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 8.68% (top quartile).
Modified duration: 4.76 yrs (bottom quartile).

ICICI Prudential Long Term Plan

Highest AUM (₹13,903 Cr).
Established history (16+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 4.33% (lower mid).
1M return: 1.37% (bottom quartile).
Sharpe: -0.88 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 8.11% (upper mid).
Modified duration: 5.28 yrs (bottom quartile).

Nippon India Dynamic Bond Fund

Upper mid AUM (₹3,952 Cr).
Established history (21+ yrs).
Not Rated.
Risk profile: Moderate.
1Y return: 3.91% (bottom quartile).
1M return: 1.68% (upper mid).
Sharpe: -0.82 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.30% (bottom quartile).
Modified duration: 3.55 yrs (upper mid).

Best Equity Mutual Funds with Highest Returns 2026

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

Top 5 Large Cap Funds with 5 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
Nippon India Large Cap Fund Growth	₹89.5202 ↑ 0.53	₹51,690	3.9	-3.8	0	13.9	15.3	9.2
ICICI Prudential Bluechip Fund Growth	₹107.95 ↑ 0.39	₹75,650	2.7	-5.7	-1.1	13.7	13.4	11.3
JM Core 11 Fund Growth	₹19.5434 ↑ 0.11	₹280	10	-2.1	1.1	13.6	13.3	-1.9
Invesco India Largecap Fund Growth	₹70.1 ↑ 0.43	₹1,722	8.8	-0.2	2.1	14	12.7	5.5
IDBI India Top 100 Equity Fund Growth	₹44.16 ↑ 0.05	₹655	9.2	12.5	15.4	21.9	12.6
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 17 Jun 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	Nippon India Large Cap Fund	ICICI Prudential Bluechip Fund	JM Core 11 Fund	Invesco India Largecap Fund	IDBI India Top 100 Equity Fund
Point 1	Upper mid AUM (₹51,690 Cr).	Highest AUM (₹75,650 Cr).	Bottom quartile AUM (₹280 Cr).	Lower mid AUM (₹1,722 Cr).	Bottom quartile AUM (₹655 Cr).
Point 2	Oldest track record among peers (18 yrs).	Established history (18+ yrs).	Established history (18+ yrs).	Established history (16+ yrs).	Established history (14+ yrs).
Point 3	Top rated.	Rating: 4★ (upper mid).	Rating: 4★ (lower mid).	Rating: 3★ (bottom quartile).	Rating: 3★ (bottom quartile).
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: High.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 15.27% (top quartile).	5Y return: 13.43% (upper mid).	5Y return: 13.31% (lower mid).	5Y return: 12.69% (bottom quartile).	5Y return: 12.61% (bottom quartile).
Point 6	3Y return: 13.88% (lower mid).	3Y return: 13.74% (bottom quartile).	3Y return: 13.59% (bottom quartile).	3Y return: 13.96% (upper mid).	3Y return: 21.88% (top quartile).
Point 7	1Y return: -0.01% (bottom quartile).	1Y return: -1.06% (bottom quartile).	1Y return: 1.08% (lower mid).	1Y return: 2.08% (upper mid).	1Y return: 15.39% (top quartile).
Point 8	Alpha: 1.61 (upper mid).	Alpha: -1.90 (bottom quartile).	Alpha: -0.70 (bottom quartile).	Alpha: 1.01 (lower mid).	Alpha: 2.11 (top quartile).
Point 9	Sharpe: -0.07 (lower mid).	Sharpe: -0.29 (bottom quartile).	Sharpe: -0.06 (upper mid).	Sharpe: -0.11 (bottom quartile).	Sharpe: 1.09 (top quartile).
Point 10	Information ratio: 1.16 (top quartile).	Information ratio: 0.86 (upper mid).	Information ratio: 0.19 (bottom quartile).	Information ratio: 0.75 (lower mid).	Information ratio: 0.14 (bottom quartile).

Nippon India Large Cap Fund

Upper mid AUM (₹51,690 Cr).
Oldest track record among peers (18 yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 15.27% (top quartile).
3Y return: 13.88% (lower mid).
1Y return: -0.01% (bottom quartile).
Alpha: 1.61 (upper mid).
Sharpe: -0.07 (lower mid).
Information ratio: 1.16 (top quartile).

ICICI Prudential Bluechip Fund

Highest AUM (₹75,650 Cr).
Established history (18+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 13.43% (upper mid).
3Y return: 13.74% (bottom quartile).
1Y return: -1.06% (bottom quartile).
Alpha: -1.90 (bottom quartile).
Sharpe: -0.29 (bottom quartile).
Information ratio: 0.86 (upper mid).

JM Core 11 Fund

Bottom quartile AUM (₹280 Cr).
Established history (18+ yrs).
Rating: 4★ (lower mid).
Risk profile: High.
5Y return: 13.31% (lower mid).
3Y return: 13.59% (bottom quartile).
1Y return: 1.08% (lower mid).
Alpha: -0.70 (bottom quartile).
Sharpe: -0.06 (upper mid).
Information ratio: 0.19 (bottom quartile).

Invesco India Largecap Fund

Lower mid AUM (₹1,722 Cr).
Established history (16+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 12.69% (bottom quartile).
3Y return: 13.96% (upper mid).
1Y return: 2.08% (upper mid).
Alpha: 1.01 (lower mid).
Sharpe: -0.11 (bottom quartile).
Information ratio: 0.75 (lower mid).

IDBI India Top 100 Equity Fund

Bottom quartile AUM (₹655 Cr).
Established history (14+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 12.61% (bottom quartile).
3Y return: 21.88% (top quartile).
1Y return: 15.39% (top quartile).
Alpha: 2.11 (top quartile).
Sharpe: 1.09 (top quartile).
Information ratio: 0.14 (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	₹94.4156 ↑ 0.61	₹35,735	12.2	-4.9	-6.3	17.9	21.7	-12.1
Nippon India Small Cap Fund Growth	₹177.802 ↑ 1.21	₹72,673	16.1	8.4	5.8	18.4	20.4	-4.7
Invesco India Mid Cap Fund Growth	₹190.35 ↑ 1.02	₹11,767	15.4	4.7	9.1	24.1	20.3	6.3
HDFC Mid-Cap Opportunities Fund Growth	₹202.509 ↑ 0.89	₹94,745	8.6	0.7	6.1	20	19.9	6.8
Edelweiss Mid Cap Fund Growth	₹106.486 ↑ 0.62	₹15,911	10.6	4	5.7	22.3	19.2	3.8
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 17 Jun 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	Motilal Oswal Midcap 30 Fund	Nippon India Small Cap Fund	Invesco India Mid Cap Fund	HDFC Mid-Cap Opportunities Fund	Edelweiss Mid Cap Fund
Point 1	Lower mid AUM (₹35,735 Cr).	Upper mid AUM (₹72,673 Cr).	Bottom quartile AUM (₹11,767 Cr).	Highest AUM (₹94,745 Cr).	Bottom quartile AUM (₹15,911 Cr).
Point 2	Established history (12+ yrs).	Established history (15+ yrs).	Oldest track record among peers (19 yrs).	Established history (18+ yrs).	Established history (18+ yrs).
Point 3	Rating: 3★ (upper mid).	Top rated.	Rating: 2★ (bottom quartile).	Rating: 3★ (lower mid).	Rating: 3★ (bottom quartile).
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: 21.74% (top quartile).	5Y return: 20.40% (upper mid).	5Y return: 20.31% (lower mid).	5Y return: 19.89% (bottom quartile).	5Y return: 19.24% (bottom quartile).
Point 6	3Y return: 17.93% (bottom quartile).	3Y return: 18.39% (bottom quartile).	3Y return: 24.14% (top quartile).	3Y return: 20.04% (lower mid).	3Y return: 22.26% (upper mid).
Point 7	1Y return: -6.33% (bottom quartile).	1Y return: 5.83% (lower mid).	1Y return: 9.08% (top quartile).	1Y return: 6.07% (upper mid).	1Y return: 5.72% (bottom quartile).
Point 8	Alpha: -14.22 (bottom quartile).	Alpha: 0.91 (top quartile).	Alpha: 0.00 (lower mid).	Alpha: 0.10 (upper mid).	Alpha: -0.24 (bottom quartile).
Point 9	Sharpe: -0.34 (bottom quartile).	Sharpe: 0.29 (bottom quartile).	Sharpe: 0.42 (top quartile).	Sharpe: 0.35 (upper mid).	Sharpe: 0.33 (lower mid).
Point 10	Information ratio: -0.21 (bottom quartile).	Information ratio: -0.16 (bottom quartile).	Information ratio: 0.00 (lower mid).	Information ratio: 0.07 (upper mid).	Information ratio: 0.31 (top quartile).

Motilal Oswal Midcap 30 Fund

Lower mid AUM (₹35,735 Cr).
Established history (12+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 21.74% (top quartile).
3Y return: 17.93% (bottom quartile).
1Y return: -6.33% (bottom quartile).
Alpha: -14.22 (bottom quartile).
Sharpe: -0.34 (bottom quartile).
Information ratio: -0.21 (bottom quartile).

Nippon India Small Cap Fund

Upper mid AUM (₹72,673 Cr).
Established history (15+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 20.40% (upper mid).
3Y return: 18.39% (bottom quartile).
1Y return: 5.83% (lower mid).
Alpha: 0.91 (top quartile).
Sharpe: 0.29 (bottom quartile).
Information ratio: -0.16 (bottom quartile).

Invesco India Mid Cap Fund

Bottom quartile AUM (₹11,767 Cr).
Oldest track record among peers (19 yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 20.31% (lower mid).
3Y return: 24.14% (top quartile).
1Y return: 9.08% (top quartile).
Alpha: 0.00 (lower mid).
Sharpe: 0.42 (top quartile).
Information ratio: 0.00 (lower mid).

HDFC Mid-Cap Opportunities Fund

Highest AUM (₹94,745 Cr).
Established history (18+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 19.89% (bottom quartile).
3Y return: 20.04% (lower mid).
1Y return: 6.07% (upper mid).
Alpha: 0.10 (upper mid).
Sharpe: 0.35 (upper mid).
Information ratio: 0.07 (upper mid).

Edelweiss Mid Cap Fund

Bottom quartile AUM (₹15,911 Cr).
Established history (18+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: High.
5Y return: 19.24% (bottom quartile).
3Y return: 22.26% (upper mid).
1Y return: 5.72% (bottom quartile).
Alpha: -0.24 (bottom quartile).
Sharpe: 0.33 (lower mid).
Information ratio: 0.31 (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	₹300.79 ↑ 2.18	₹52,634	7.6	1.3	1.8	17.3	19.6	4.1
HDFC Equity Fund Growth	₹1,990.58 ↑ 5.80	₹100,479	4.2	-2.9	1.8	17.2	17.5	11.4
ICICI Prudential Multicap Fund Growth	₹852.75 ↑ 3.81	₹16,997	13.5	8.5	7.9	18.7	16.5	5.7
JM Multicap Fund Growth	₹96.0157 ↑ 0.31	₹5,041	9.1	0.1	-0.5	16	16.4	-6.8
Mahindra Badhat Yojana Growth	₹37.4928 ↑ 0.14	₹6,439	11.9	6.2	7.3	18.4	16.1	3.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 17 Jun 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	Nippon India Multi Cap Fund	HDFC Equity Fund	ICICI Prudential Multicap Fund	JM Multicap Fund	Mahindra Badhat Yojana
Point 1	Upper mid AUM (₹52,634 Cr).	Highest AUM (₹100,479 Cr).	Lower mid AUM (₹16,997 Cr).	Bottom quartile AUM (₹5,041 Cr).	Bottom quartile AUM (₹6,439 Cr).
Point 2	Established history (21+ yrs).	Oldest track record among peers (31 yrs).	Established history (31+ yrs).	Established history (17+ yrs).	Established history (9+ yrs).
Point 3	Rating: 2★ (bottom quartile).	Rating: 3★ (upper mid).	Rating: 3★ (lower mid).	Top 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: 19.62% (top quartile).	5Y return: 17.51% (upper mid).	5Y return: 16.54% (lower mid).	5Y return: 16.39% (bottom quartile).	5Y return: 16.12% (bottom quartile).
Point 6	3Y return: 17.31% (lower mid).	3Y return: 17.20% (bottom quartile).	3Y return: 18.71% (top quartile).	3Y return: 15.96% (bottom quartile).	3Y return: 18.43% (upper mid).
Point 7	1Y return: 1.79% (bottom quartile).	1Y return: 1.81% (lower mid).	1Y return: 7.88% (top quartile).	1Y return: -0.45% (bottom quartile).	1Y return: 7.35% (upper mid).
Point 8	Alpha: 1.17 (lower mid).	Alpha: -3.13 (bottom quartile).	Alpha: 1.73 (upper mid).	Alpha: -4.56 (bottom quartile).	Alpha: 3.76 (top quartile).
Point 9	Sharpe: 0.16 (lower mid).	Sharpe: -0.21 (bottom quartile).	Sharpe: 0.19 (upper mid).	Sharpe: -0.27 (bottom quartile).	Sharpe: 0.30 (top quartile).
Point 10	Information ratio: 0.54 (bottom quartile).	Information ratio: 0.78 (top quartile).	Information ratio: 0.63 (upper mid).	Information ratio: 0.56 (bottom quartile).	Information ratio: 0.62 (lower mid).

Nippon India Multi Cap Fund

Upper mid AUM (₹52,634 Cr).
Established history (21+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 19.62% (top quartile).
3Y return: 17.31% (lower mid).
1Y return: 1.79% (bottom quartile).
Alpha: 1.17 (lower mid).
Sharpe: 0.16 (lower mid).
Information ratio: 0.54 (bottom quartile).

HDFC Equity Fund

Highest AUM (₹100,479 Cr).
Oldest track record among peers (31 yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 17.51% (upper mid).
3Y return: 17.20% (bottom quartile).
1Y return: 1.81% (lower mid).
Alpha: -3.13 (bottom quartile).
Sharpe: -0.21 (bottom quartile).
Information ratio: 0.78 (top quartile).

ICICI Prudential Multicap Fund

Lower mid AUM (₹16,997 Cr).
Established history (31+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 16.54% (lower mid).
3Y return: 18.71% (top quartile).
1Y return: 7.88% (top quartile).
Alpha: 1.73 (upper mid).
Sharpe: 0.19 (upper mid).
Information ratio: 0.63 (upper mid).

JM Multicap Fund

Bottom quartile AUM (₹5,041 Cr).
Established history (17+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 16.39% (bottom quartile).
3Y return: 15.96% (bottom quartile).
1Y return: -0.45% (bottom quartile).
Alpha: -4.56 (bottom quartile).
Sharpe: -0.27 (bottom quartile).
Information ratio: 0.56 (bottom quartile).

Mahindra Badhat Yojana

Bottom quartile AUM (₹6,439 Cr).
Established history (9+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 16.12% (bottom quartile).
3Y return: 18.43% (upper mid).
1Y return: 7.35% (upper mid).
Alpha: 3.76 (top quartile).
Sharpe: 0.30 (top quartile).
Information ratio: 0.62 (lower 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 (%)	2024 (%)
ICICI Prudential Infrastructure Fund Growth	₹203.72 ↑ 1.06	₹8,311	11.1	5.8	4.6	22.1	24	6.7
DSP India T.I.G.E.R Fund Growth	₹360.598 ↑ 3.90	₹5,789	16.6	16.5	16.8	25	23.7	-2.5
LIC MF Infrastructure Fund Growth	₹54.3367 ↑ 0.37	₹1,047	14.8	12	9.4	27.1	23.7	-3.7
Nippon India Power and Infra Fund Growth	₹385.256 ↑ 3.16	₹7,707	13.9	13	12.2	23.8	23.6	-0.5
SBI PSU Fund Growth	₹35.1359 ↑ 0.31	₹6,669	1.9	7	10	28.3	23.3	11.3
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 17 Jun 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	ICICI Prudential Infrastructure Fund	DSP India T.I.G.E.R Fund	LIC MF Infrastructure Fund	Nippon India Power and Infra Fund	SBI PSU Fund
Point 1	Highest AUM (₹8,311 Cr).	Bottom quartile AUM (₹5,789 Cr).	Bottom quartile AUM (₹1,047 Cr).	Upper mid AUM (₹7,707 Cr).	Lower mid AUM (₹6,669 Cr).
Point 2	Established history (20+ yrs).	Oldest track record among peers (22 yrs).	Established history (18+ yrs).	Established history (22+ yrs).	Established history (15+ yrs).
Point 3	Rating: 3★ (lower mid).	Top rated.	Not Rated.	Rating: 4★ (upper mid).	Rating: 2★ (bottom quartile).
Point 4	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.
Point 5	5Y return: 24.03% (top quartile).	5Y return: 23.66% (upper mid).	5Y return: 23.66% (lower mid).	5Y return: 23.64% (bottom quartile).	5Y return: 23.28% (bottom quartile).
Point 6	3Y return: 22.09% (bottom quartile).	3Y return: 25.03% (lower mid).	3Y return: 27.13% (upper mid).	3Y return: 23.77% (bottom quartile).	3Y return: 28.33% (top quartile).
Point 7	1Y return: 4.62% (bottom quartile).	1Y return: 16.81% (top quartile).	1Y return: 9.36% (bottom quartile).	1Y return: 12.25% (upper mid).	1Y return: 10.02% (lower mid).
Point 8	Alpha: 0.00 (lower mid).	Alpha: 0.00 (bottom quartile).	Alpha: 10.33 (top quartile).	Alpha: 7.84 (upper mid).	Alpha: -2.06 (bottom quartile).
Point 9	Sharpe: 0.34 (bottom quartile).	Sharpe: 0.68 (top quartile).	Sharpe: 0.59 (upper mid).	Sharpe: 0.54 (bottom quartile).	Sharpe: 0.58 (lower mid).
Point 10	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).	Information ratio: 0.50 (upper mid).	Information ratio: 0.64 (top quartile).	Information ratio: -0.34 (bottom quartile).

ICICI Prudential Infrastructure Fund

Highest AUM (₹8,311 Cr).
Established history (20+ yrs).
Rating: 3★ (lower mid).
Risk profile: High.
5Y return: 24.03% (top quartile).
3Y return: 22.09% (bottom quartile).
1Y return: 4.62% (bottom quartile).
Alpha: 0.00 (lower mid).
Sharpe: 0.34 (bottom quartile).
Information ratio: 0.00 (lower mid).

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

Bottom quartile AUM (₹5,789 Cr).
Oldest track record among peers (22 yrs).
Top rated.
Risk profile: High.
5Y return: 23.66% (upper mid).
3Y return: 25.03% (lower mid).
1Y return: 16.81% (top quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: 0.68 (top quartile).
Information ratio: 0.00 (bottom quartile).

LIC MF Infrastructure Fund

Bottom quartile AUM (₹1,047 Cr).
Established history (18+ yrs).
Not Rated.
Risk profile: High.
5Y return: 23.66% (lower mid).
3Y return: 27.13% (upper mid).
1Y return: 9.36% (bottom quartile).
Alpha: 10.33 (top quartile).
Sharpe: 0.59 (upper mid).
Information ratio: 0.50 (upper mid).

Nippon India Power and Infra Fund

Upper mid AUM (₹7,707 Cr).
Established history (22+ yrs).
Rating: 4★ (upper mid).
Risk profile: High.
5Y return: 23.64% (bottom quartile).
3Y return: 23.77% (bottom quartile).
1Y return: 12.25% (upper mid).
Alpha: 7.84 (upper mid).
Sharpe: 0.54 (bottom quartile).
Information ratio: 0.64 (top quartile).

SBI PSU Fund

Lower mid AUM (₹6,669 Cr).
Established history (15+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: High.
5Y return: 23.28% (bottom quartile).
3Y return: 28.33% (top quartile).
1Y return: 10.02% (lower mid).
Alpha: -2.06 (bottom quartile).
Sharpe: 0.58 (lower mid).
Information ratio: -0.34 (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 (%)	2024 (%)
ICICI Prudential MIP 25 Growth	₹78.5824 ↑ 0.08	₹3,289	2.5	1.4	4.4	9.2	8.5	7.9
Baroda Pioneer Conservative Hybrid Fund Growth	₹30.2092 ↑ 0.02	₹33	-1.7	-1.2	3.3	9.1	7.8
SBI Debt Hybrid Fund Growth	₹75.878 ↑ 0.06	₹9,754	3.2	2.7	5.1	8.9	8.8	6.7
DSP Regular Savings Fund Growth	₹60.5584 ↓ 0.00	₹179	2.1	1.3	3.2	8.8	7.3	7.2
Aditya Birla Sun Life Regular Savings Fund Growth	₹69.5069 ↑ 0.09	₹1,479	2.3	1.8	4.5	8.3	7.9	7.1
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 17 Jun 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	ICICI Prudential MIP 25	Baroda Pioneer Conservative Hybrid Fund	SBI Debt Hybrid Fund	DSP Regular Savings Fund	Aditya Birla Sun Life Regular Savings Fund
Point 1	Upper mid AUM (₹3,289 Cr).	Bottom quartile AUM (₹33 Cr).	Highest AUM (₹9,754 Cr).	Bottom quartile AUM (₹179 Cr).	Lower mid AUM (₹1,479 Cr).
Point 2	Established history (22+ yrs).	Established history (21+ yrs).	Oldest track record among peers (25 yrs).	Established history (22+ yrs).	Established history (22+ yrs).
Point 3	Top rated.	Rating: 2★ (bottom quartile).	Rating: 5★ (upper mid).	Rating: 3★ (bottom quartile).	Rating: 5★ (lower mid).
Point 4	Risk profile: Moderately High.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 8.47% (upper mid).	5Y return: 7.83% (bottom quartile).	5Y return: 8.81% (top quartile).	5Y return: 7.30% (bottom quartile).	5Y return: 7.90% (lower mid).
Point 6	3Y return: 9.19% (top quartile).	3Y return: 9.05% (upper mid).	3Y return: 8.85% (lower mid).	3Y return: 8.77% (bottom quartile).	3Y return: 8.30% (bottom quartile).
Point 7	1Y return: 4.35% (lower mid).	1Y return: 3.31% (bottom quartile).	1Y return: 5.09% (top quartile).	1Y return: 3.21% (bottom quartile).	1Y return: 4.49% (upper mid).
Point 8	1M return: 1.30% (upper mid).	1M return: -1.08% (bottom quartile).	1M return: 0.92% (bottom quartile).	1M return: 1.17% (lower mid).	1M return: 1.31% (top quartile).
Point 9	Alpha: 0.00 (bottom quartile).	Alpha: 0.25 (upper mid).	Alpha: 0.00 (bottom quartile).	Alpha: 0.03 (lower mid).	Alpha: 1.63 (top quartile).
Point 10	Sharpe: -0.24 (bottom quartile).	Sharpe: 0.85 (top quartile).	Sharpe: -0.07 (upper mid).	Sharpe: -0.56 (bottom quartile).	Sharpe: -0.20 (lower mid).

ICICI Prudential MIP 25

Upper mid AUM (₹3,289 Cr).
Established history (22+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 8.47% (upper mid).
3Y return: 9.19% (top quartile).
1Y return: 4.35% (lower mid).
1M return: 1.30% (upper mid).
Alpha: 0.00 (bottom quartile).
Sharpe: -0.24 (bottom quartile).

Baroda Pioneer Conservative Hybrid Fund

Bottom quartile AUM (₹33 Cr).
Established history (21+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderate.
5Y return: 7.83% (bottom quartile).
3Y return: 9.05% (upper mid).
1Y return: 3.31% (bottom quartile).
1M return: -1.08% (bottom quartile).
Alpha: 0.25 (upper mid).
Sharpe: 0.85 (top quartile).

SBI Debt Hybrid Fund

Highest AUM (₹9,754 Cr).
Oldest track record among peers (25 yrs).
Rating: 5★ (upper mid).
Risk profile: Moderate.
5Y return: 8.81% (top quartile).
3Y return: 8.85% (lower mid).
1Y return: 5.09% (top quartile).
1M return: 0.92% (bottom quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: -0.07 (upper mid).

DSP Regular Savings Fund

Bottom quartile AUM (₹179 Cr).
Established history (22+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 7.30% (bottom quartile).
3Y return: 8.77% (bottom quartile).
1Y return: 3.21% (bottom quartile).
1M return: 1.17% (lower mid).
Alpha: 0.03 (lower mid).
Sharpe: -0.56 (bottom quartile).

Aditya Birla Sun Life Regular Savings Fund

Lower mid AUM (₹1,479 Cr).
Established history (22+ yrs).
Rating: 5★ (lower mid).
Risk profile: Moderately High.
5Y return: 7.90% (lower mid).
3Y return: 8.30% (bottom quartile).
1Y return: 4.49% (upper mid).
1M return: 1.31% (top quartile).
Alpha: 1.63 (top quartile).
Sharpe: -0.20 (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 (%)
BOI AXA Mid and Small Cap Equity and Debt Fund Growth	₹41.44 ↑ 0.36	₹1,482	13.4	11.3	8.3	19.1	15.7	-0.9
ICICI Prudential Equity and Debt Fund Growth	₹401.77 ↑ 1.38	₹50,368	3.3	-1.5	3.7	16	16.6	13.3
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
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 17 Jun 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	BOI AXA Mid and Small Cap Equity and Debt Fund	ICICI Prudential Equity and Debt Fund	Sundaram Equity Hybrid Fund	IDBI Hybrid Equity Fund	Baroda Pioneer Hybrid Equity Fund
Point 1	Lower mid AUM (₹1,482 Cr).	Highest AUM (₹50,368 Cr).	Upper mid AUM (₹1,954 Cr).	Bottom quartile AUM (₹179 Cr).	Bottom quartile AUM (₹389 Cr).
Point 2	Established history (9+ yrs).	Oldest track record among peers (26 yrs).	Established history (26+ yrs).	Established history (9+ yrs).	Established history (22+ yrs).
Point 3	Not Rated.	Top rated.	Rating: 2★ (lower mid).	Not Rated.	Rating: 3★ (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: 15.66% (upper mid).	5Y return: 16.60% (top quartile).	5Y return: 14.20% (lower mid).	5Y return: 7.09% (bottom quartile).	5Y return: 11.17% (bottom quartile).
Point 6	3Y return: 19.10% (top quartile).	3Y return: 16.05% (upper mid).	3Y return: 16.03% (lower mid).	3Y return: 14.43% (bottom quartile).	3Y return: 14.26% (bottom quartile).
Point 7	1Y return: 8.25% (bottom quartile).	1Y return: 3.72% (bottom quartile).	1Y return: 27.10% (top quartile).	1Y return: 12.06% (lower mid).	1Y return: 14.82% (upper mid).
Point 8	1M return: 2.96% (top quartile).	1M return: 1.41% (bottom quartile).	1M return: 1.80% (lower mid).	1M return: 2.10% (upper mid).	1M return: -2.79% (bottom quartile).
Point 9	Alpha: 0.00 (bottom quartile).	Alpha: 2.05 (lower mid).	Alpha: 5.81 (upper mid).	Alpha: -0.26 (bottom quartile).	Alpha: 6.53 (top quartile).
Point 10	Sharpe: 0.50 (bottom quartile).	Sharpe: 0.01 (bottom quartile).	Sharpe: 2.64 (top quartile).	Sharpe: 1.03 (lower mid).	Sharpe: 2.59 (upper mid).

BOI AXA Mid and Small Cap Equity and Debt Fund

Lower mid AUM (₹1,482 Cr).
Established history (9+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 15.66% (upper mid).
3Y return: 19.10% (top quartile).
1Y return: 8.25% (bottom quartile).
1M return: 2.96% (top quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: 0.50 (bottom quartile).

ICICI Prudential Equity and Debt Fund

Highest AUM (₹50,368 Cr).
Oldest track record among peers (26 yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 16.60% (top quartile).
3Y return: 16.05% (upper mid).
1Y return: 3.72% (bottom quartile).
1M return: 1.41% (bottom quartile).
Alpha: 2.05 (lower mid).
Sharpe: 0.01 (bottom quartile).

Sundaram Equity Hybrid Fund

Upper mid AUM (₹1,954 Cr).
Established history (26+ yrs).
Rating: 2★ (lower mid).
Risk profile: Moderately High.
5Y return: 14.20% (lower mid).
3Y return: 16.03% (lower mid).
1Y return: 27.10% (top quartile).
1M return: 1.80% (lower mid).
Alpha: 5.81 (upper mid).
Sharpe: 2.64 (top quartile).

IDBI Hybrid Equity Fund

Bottom quartile AUM (₹179 Cr).
Established history (9+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 7.09% (bottom quartile).
3Y return: 14.43% (bottom quartile).
1Y return: 12.06% (lower mid).
1M return: 2.10% (upper mid).
Alpha: -0.26 (bottom quartile).
Sharpe: 1.03 (lower mid).

Baroda Pioneer Hybrid Equity Fund

Bottom quartile AUM (₹389 Cr).
Established history (22+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 11.17% (bottom quartile).
3Y return: 14.26% (bottom quartile).
1Y return: 14.82% (upper mid).
1M return: -2.79% (bottom quartile).
Alpha: 6.53 (top quartile).
Sharpe: 2.59 (upper mid).

Best Gold Funds with 3 Year Highest Returns 2026

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

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
ICICI Prudential Regular Gold Savings Fund Growth	₹46.1076 ↓ -0.14	₹6,452	-3.4	12.4	49.6	34.5	24.2	72
SBI Gold Fund Growth	₹43.6002 ↓ -0.14	₹15,691	-3.5	12.6	49.7	34.4	24.3	71.5
Nippon India Gold Savings Fund Growth	₹56.9329 ↓ -0.18	₹7,179	-3.6	12.3	49.3	34.2	24	71.2
Aditya Birla Sun Life Gold Fund Growth	₹43.3029 ↓ -0.14	₹1,732	-3.5	12.7	50.3	34.2	24.2	72
HDFC Gold Fund Growth	₹44.4513 ↓ -0.15	₹11,464	-3.6	12.4	49.3	34.1	24.1	71.3
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 17 Jun 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	ICICI Prudential Regular Gold Savings Fund	SBI Gold Fund	Nippon India Gold Savings Fund	Aditya Birla Sun Life Gold Fund	HDFC Gold Fund
Point 1	Bottom quartile AUM (₹6,452 Cr).	Highest AUM (₹15,691 Cr).	Lower mid AUM (₹7,179 Cr).	Bottom quartile AUM (₹1,732 Cr).	Upper mid AUM (₹11,464 Cr).
Point 2	Established history (14+ yrs).	Established history (14+ yrs).	Oldest track record among peers (15 yrs).	Established history (14+ yrs).	Established history (14+ yrs).
Point 3	Rating: 1★ (bottom quartile).	Rating: 2★ (upper mid).	Rating: 2★ (lower mid).	Top rated.	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: 24.21% (upper mid).	5Y return: 24.35% (top quartile).	5Y return: 24.05% (bottom quartile).	5Y return: 24.19% (lower mid).	5Y return: 24.13% (bottom quartile).
Point 6	3Y return: 34.48% (top quartile).	3Y return: 34.38% (upper mid).	3Y return: 34.19% (lower mid).	3Y return: 34.15% (bottom quartile).	3Y return: 34.13% (bottom quartile).
Point 7	1Y return: 49.57% (lower mid).	1Y return: 49.75% (upper mid).	1Y return: 49.31% (bottom quartile).	1Y return: 50.29% (top quartile).	1Y return: 49.25% (bottom quartile).
Point 8	1M return: -4.21% (top quartile).	1M return: -4.30% (lower mid).	1M return: -4.39% (bottom quartile).	1M return: -4.22% (upper mid).	1M return: -4.49% (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: 1.65 (lower mid).	Sharpe: 1.76 (top quartile).	Sharpe: 1.58 (bottom quartile).	Sharpe: 1.58 (bottom quartile).	Sharpe: 1.74 (upper mid).

ICICI Prudential Regular Gold Savings Fund

Bottom quartile AUM (₹6,452 Cr).
Established history (14+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 24.21% (upper mid).
3Y return: 34.48% (top quartile).
1Y return: 49.57% (lower mid).
1M return: -4.21% (top quartile).
Alpha: 0.00 (top quartile).
Sharpe: 1.65 (lower mid).

SBI Gold Fund

Highest AUM (₹15,691 Cr).
Established history (14+ yrs).
Rating: 2★ (upper mid).
Risk profile: Moderately High.
5Y return: 24.35% (top quartile).
3Y return: 34.38% (upper mid).
1Y return: 49.75% (upper mid).
1M return: -4.30% (lower mid).
Alpha: 0.00 (upper mid).
Sharpe: 1.76 (top quartile).

Nippon India Gold Savings Fund

Lower mid AUM (₹7,179 Cr).
Oldest track record among peers (15 yrs).
Rating: 2★ (lower mid).
Risk profile: Moderately High.
5Y return: 24.05% (bottom quartile).
3Y return: 34.19% (lower mid).
1Y return: 49.31% (bottom quartile).
1M return: -4.39% (bottom quartile).
Alpha: 0.00 (lower mid).
Sharpe: 1.58 (bottom quartile).

Aditya Birla Sun Life Gold Fund

Bottom quartile AUM (₹1,732 Cr).
Established history (14+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 24.19% (lower mid).
3Y return: 34.15% (bottom quartile).
1Y return: 50.29% (top quartile).
1M return: -4.22% (upper mid).
Alpha: 0.00 (bottom quartile).
Sharpe: 1.58 (bottom quartile).

HDFC Gold Fund

Upper mid AUM (₹11,464 Cr).
Established history (14+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 24.13% (bottom quartile).
3Y return: 34.13% (bottom quartile).
1Y return: 49.25% (bottom quartile).
1M return: -4.49% (bottom quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: 1.74 (upper 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.