Best Mutual Funds with Highest Returns 2026

Updated on March 25, 2026 , 16207 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	₹3,033.06 ↑ 0.72	₹43,636	0.4	1.4	2.9	6.2	6.6	6.36%	1M 11D	1M 14D
Indiabulls Liquid Fund Growth	₹2,633.91 ↑ 0.79	₹193	0.4	1.4	2.9	6.2	6.6	5.55%	17D	17D
Tata Liquid Fund Growth	₹4,289.77 ↑ 1.04	₹33,869	0.4	1.4	2.9	6.2	6.5	6.21%	1M 7D	1M 7D
Canara Robeco Liquid Growth	₹3,278.12 ↑ 0.89	₹6,538	0.4	1.4	2.9	6.2	6.5	6.05%	29D	1M 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	Indiabulls Liquid Fund	Tata Liquid Fund	Canara Robeco Liquid
Point 1	Bottom quartile AUM (₹503 Cr).	Highest AUM (₹43,636 Cr).	Bottom quartile AUM (₹193 Cr).	Upper mid AUM (₹33,869 Cr).	Lower mid AUM (₹6,538 Cr).
Point 2	Established history (15+ yrs).	Established history (16+ yrs).	Established history (14+ yrs).	Oldest track record among peers (21 yrs).	Established history (17+ yrs).
Point 3	Rating: 3★ (bottom quartile).	Rating: 4★ (upper mid).	Top rated.	Rating: 4★ (lower 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: 6.55% (top quartile).	1Y return: 6.23% (upper mid).	1Y return: 6.23% (lower mid).	1Y return: 6.22% (bottom quartile).	1Y return: 6.21% (bottom quartile).
Point 6	1M return: 0.53% (top quartile).	1M return: 0.41% (bottom quartile).	1M return: 0.41% (bottom quartile).	1M return: 0.42% (upper mid).	1M return: 0.42% (lower mid).
Point 7	Sharpe: 0.20 (bottom quartile).	Sharpe: 2.99 (top quartile).	Sharpe: 2.65 (lower mid).	Sharpe: 2.84 (upper mid).	Sharpe: 2.55 (bottom quartile).
Point 8	Information ratio: -5.96 (bottom quartile).	Information ratio: 0.00 (upper mid).	Information ratio: -0.47 (bottom quartile).	Information ratio: 0.00 (lower mid).	Information ratio: 0.50 (top quartile).
Point 9	Yield to maturity (debt): 6.66% (top quartile).	Yield to maturity (debt): 6.36% (upper mid).	Yield to maturity (debt): 5.55% (bottom quartile).	Yield to maturity (debt): 6.21% (lower mid).	Yield to maturity (debt): 6.05% (bottom quartile).
Point 10	Modified duration: 0.10 yrs (lower mid).	Modified duration: 0.12 yrs (bottom quartile).	Modified duration: 0.05 yrs (top quartile).	Modified duration: 0.10 yrs (bottom quartile).	Modified duration: 0.08 yrs (upper mid).

IDBI Liquid Fund

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

Axis Liquid Fund

Highest AUM (₹43,636 Cr).
Established history (16+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.23% (upper mid).
1M return: 0.41% (bottom quartile).
Sharpe: 2.99 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.36% (upper mid).
Modified duration: 0.12 yrs (bottom quartile).

Indiabulls Liquid Fund

Bottom quartile AUM (₹193 Cr).
Established history (14+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.23% (lower mid).
1M return: 0.41% (bottom quartile).
Sharpe: 2.65 (lower mid).
Information ratio: -0.47 (bottom quartile).
Yield to maturity (debt): 5.55% (bottom quartile).
Modified duration: 0.05 yrs (top quartile).

Tata Liquid Fund

Upper mid AUM (₹33,869 Cr).
Oldest track record among peers (21 yrs).
Rating: 4★ (lower mid).
Risk profile: Low.
1Y return: 6.22% (bottom quartile).
1M return: 0.42% (upper mid).
Sharpe: 2.84 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.21% (lower mid).
Modified duration: 0.10 yrs (bottom quartile).

Canara Robeco Liquid

Lower mid AUM (₹6,538 Cr).
Established history (17+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.21% (bottom quartile).
1M return: 0.42% (lower mid).
Sharpe: 2.55 (bottom quartile).
Information ratio: 0.50 (top quartile).
Yield to maturity (debt): 6.05% (bottom quartile).
Modified duration: 0.08 yrs (upper mid).

Top 5 Ultra Short Term Funds with 1 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Franklin India Ultra Short Bond Fund - Super Institutional Plan Growth	₹34.9131 ↑ 0.04	₹297	1.3	5.9	13.7	8.8		0%		1Y 15D
Aditya Birla Sun Life Savings Fund Growth	₹572.749 ↑ 0.41	₹21,467	1.2	2.8	6.8	7.3	7.4	7.14%	5M 23D	6M 18D
ICICI Prudential Ultra Short Term Fund Growth	₹28.9075 ↑ 0.03	₹14,897	1.3	2.8	6.5	7	7.1	7.11%	5M 8D	6M 14D
SBI Magnum Ultra Short Duration Fund Growth	₹6,232.84 ↑ 5.49	₹13,685	1.3	2.8	6.4	7	7	6.47%	4M 13D	6M
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
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	IDBI Ultra Short Term Fund
Point 1	Bottom quartile AUM (₹297 Cr).	Highest AUM (₹21,467 Cr).	Upper mid AUM (₹14,897 Cr).	Lower mid AUM (₹13,685 Cr).	Bottom quartile AUM (₹146 Cr).
Point 2	Established history (18+ yrs).	Established history (22+ yrs).	Established history (14+ yrs).	Oldest track record among peers (26 yrs).	Established history (15+ yrs).
Point 3	Rating: 1★ (bottom quartile).	Top rated.	Rating: 3★ (upper mid).	Rating: 3★ (lower mid).	Rating: 1★ (bottom quartile).
Point 4	Risk profile: Moderate.	Risk profile: Moderately Low.	Risk profile: Moderate.	Risk profile: Low.	Risk profile: Moderately Low.
Point 5	1Y return: 13.69% (top quartile).	1Y return: 6.77% (upper mid).	1Y return: 6.54% (lower mid).	1Y return: 6.44% (bottom quartile).	1Y return: 6.39% (bottom quartile).
Point 6	1M return: 0.59% (top quartile).	1M return: 0.28% (bottom quartile).	1M return: 0.31% (bottom quartile).	1M return: 0.33% (lower mid).	1M return: 0.52% (upper mid).
Point 7	Sharpe: 2.57 (top quartile).	Sharpe: 2.39 (upper mid).	Sharpe: 2.28 (lower mid).	Sharpe: 2.26 (bottom quartile).	Sharpe: -0.57 (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): 7.14% (top quartile).	Yield to maturity (debt): 7.11% (upper mid).	Yield to maturity (debt): 6.47% (bottom quartile).	Yield to maturity (debt): 6.83% (lower mid).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 0.48 yrs (bottom quartile).	Modified duration: 0.44 yrs (bottom quartile).	Modified duration: 0.37 yrs (lower mid).	Modified duration: 0.19 yrs (upper mid).

Franklin India Ultra Short Bond Fund - Super Institutional Plan

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

Aditya Birla Sun Life Savings Fund

Highest AUM (₹21,467 Cr).
Established history (22+ yrs).
Top rated.
Risk profile: Moderately Low.
1Y return: 6.77% (upper mid).
1M return: 0.28% (bottom quartile).
Sharpe: 2.39 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.14% (top quartile).
Modified duration: 0.48 yrs (bottom quartile).

ICICI Prudential Ultra Short Term Fund

Upper mid AUM (₹14,897 Cr).
Established history (14+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderate.
1Y return: 6.54% (lower mid).
1M return: 0.31% (bottom quartile).
Sharpe: 2.28 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.11% (upper mid).
Modified duration: 0.44 yrs (bottom quartile).

SBI Magnum Ultra Short Duration Fund

Lower mid AUM (₹13,685 Cr).
Oldest track record among peers (26 yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.44% (bottom quartile).
1M return: 0.33% (lower mid).
Sharpe: 2.26 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.47% (bottom quartile).
Modified duration: 0.37 yrs (lower mid).

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% (bottom quartile).
1M return: 0.52% (upper mid).
Sharpe: -0.57 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.83% (lower mid).
Modified duration: 0.19 yrs (upper mid).

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Top 5 Short Term Funds with 3 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	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	₹33.1676 ↓ -0.02	₹17,271	0.5	2	6.1	7.4	7.8	7.25%	2Y 4M 2D	3Y 5M 8D
ICICI Prudential Short Term Fund Growth	₹62.4304 ↓ -0.05	₹21,510	0.5	2.1	6.3	7.4	8	7.41%	2Y 8M 23D	4Y 6M 11D
Nippon India Short Term Fund Growth	₹54.6362 ↓ -0.04	₹8,367	0.5	1.9	6.1	7.2	7.9	7.28%	2Y 5M 23D	3Y
Axis Short Term Fund Growth	₹32.0294 ↓ -0.02	₹11,860	0.5	1.9	6.2	7.2	8.1	7.22%	2Y 2M 1D	2Y 9M 7D
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	Nippon India Short Term Fund	Axis Short Term Fund
Point 1	Bottom quartile AUM (₹13 Cr).	Upper mid AUM (₹17,271 Cr).	Highest AUM (₹21,510 Cr).	Bottom quartile AUM (₹8,367 Cr).	Lower mid AUM (₹11,860 Cr).
Point 2	Oldest track record among peers (24 yrs).	Established history (15+ yrs).	Established history (24+ yrs).	Established history (23+ yrs).	Established history (16+ yrs).
Point 3	Rating: 2★ (bottom quartile).	Rating: 3★ (lower mid).	Top rated.	Rating: 4★ (upper mid).	Rating: 3★ (bottom quartile).
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: 6.14% (bottom quartile).	1Y return: 6.30% (upper mid).	1Y return: 6.10% (bottom quartile).	1Y return: 6.22% (lower mid).
Point 6	1M return: 192.10% (top quartile).	1M return: -0.30% (lower mid).	1M return: -0.30% (upper mid).	1M return: -0.47% (bottom quartile).	1M return: -0.37% (bottom quartile).
Point 7	Sharpe: -90.89 (bottom quartile).	Sharpe: 1.08 (lower mid).	Sharpe: 1.37 (top quartile).	Sharpe: 1.03 (bottom quartile).	Sharpe: 1.22 (upper 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): 7.25% (lower mid).	Yield to maturity (debt): 7.41% (top quartile).	Yield to maturity (debt): 7.28% (upper mid).	Yield to maturity (debt): 7.22% (bottom quartile).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 2.34 yrs (lower mid).	Modified duration: 2.73 yrs (bottom quartile).	Modified duration: 2.48 yrs (bottom quartile).	Modified duration: 2.17 yrs (upper mid).

Franklin India Short Term Income Plan - Retail Plan

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

HDFC Short Term Debt Fund

Upper mid AUM (₹17,271 Cr).
Established history (15+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately Low.
1Y return: 6.14% (bottom quartile).
1M return: -0.30% (lower mid).
Sharpe: 1.08 (lower mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.25% (lower mid).
Modified duration: 2.34 yrs (lower mid).

ICICI Prudential Short Term Fund

Highest AUM (₹21,510 Cr).
Established history (24+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 6.30% (upper mid).
1M return: -0.30% (upper mid).
Sharpe: 1.37 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.41% (top quartile).
Modified duration: 2.73 yrs (bottom quartile).

Nippon India Short Term Fund

Bottom quartile AUM (₹8,367 Cr).
Established history (23+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately Low.
1Y return: 6.10% (bottom quartile).
1M return: -0.47% (bottom quartile).
Sharpe: 1.03 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.28% (upper mid).
Modified duration: 2.48 yrs (bottom quartile).

Axis Short Term Fund

Lower mid AUM (₹11,860 Cr).
Established history (16+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 6.22% (lower mid).
1M return: -0.37% (bottom quartile).
Sharpe: 1.22 (upper mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.22% (bottom quartile).
Modified duration: 2.17 yrs (upper mid).

Top 5 Gilt Funds with 3 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
ICICI Prudential Gilt Fund Growth	₹103.71 ↓ -0.58	₹9,216	-0.9	0	3.1	6.8	6.8	7.39%	8Y 11M 26D	20Y 8M 19D
Axis Gilt Fund Growth	₹25.6352 ↓ -0.12	₹588	-0.6	0.2	1.8	6.6	5.2	7.11%	8Y 3M 11D	18Y 7M 17D
Bandhan Government Securities Fund - Investment Plan Growth	₹35.7044 ↓ -0.05	₹1,949	0.9	1.8	2.1	6.6	3.7	5.77%	1Y 2M 19D	2Y 2M 16D
UTI Gilt Fund Growth	₹63.8384 ↓ -0.18	₹528	0.6	1.8	3.1	6.6	5.1	6.71%	6Y 8M 23D	15Y 2M 16D
SBI Magnum Gilt Fund Growth	₹66.2444 ↓ -0.23	₹9,992	-0.2	0.2	1.8	6.4	4.5	6.6%	5Y 2M 5D	13Y 9M 25D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Mar 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	ICICI Prudential Gilt Fund	Axis Gilt Fund	Bandhan Government Securities Fund - Investment Plan	UTI Gilt Fund	SBI Magnum Gilt Fund
Point 1	Upper mid AUM (₹9,216 Cr).	Bottom quartile AUM (₹588 Cr).	Lower mid AUM (₹1,949 Cr).	Bottom quartile AUM (₹528 Cr).	Highest AUM (₹9,992 Cr).
Point 2	Oldest track record among peers (26 yrs).	Established history (14+ yrs).	Established history (17+ yrs).	Established history (24+ yrs).	Established history (25+ yrs).
Point 3	Top rated.	Rating: 1★ (bottom quartile).	Rating: 3★ (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: 3.11% (upper mid).	1Y return: 1.80% (bottom quartile).	1Y return: 2.14% (lower mid).	1Y return: 3.12% (top quartile).	1Y return: 1.76% (bottom quartile).
Point 6	1M return: -1.87% (bottom quartile).	1M return: -1.68% (bottom quartile).	1M return: 0.08% (top quartile).	1M return: -0.79% (upper mid).	1M return: -1.03% (lower mid).
Point 7	Sharpe: 0.31 (top quartile).	Sharpe: 0.05 (lower mid).	Sharpe: -0.15 (bottom quartile).	Sharpe: 0.07 (upper mid).	Sharpe: -0.15 (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): 7.39% (top quartile).	Yield to maturity (debt): 7.11% (upper mid).	Yield to maturity (debt): 5.77% (bottom quartile).	Yield to maturity (debt): 6.71% (lower mid).	Yield to maturity (debt): 6.60% (bottom quartile).
Point 10	Modified duration: 8.99 yrs (bottom quartile).	Modified duration: 8.28 yrs (bottom quartile).	Modified duration: 1.22 yrs (top quartile).	Modified duration: 6.73 yrs (lower mid).	Modified duration: 5.18 yrs (upper mid).

ICICI Prudential Gilt Fund

Upper mid AUM (₹9,216 Cr).
Oldest track record among peers (26 yrs).
Top rated.
Risk profile: Moderate.
1Y return: 3.11% (upper mid).
1M return: -1.87% (bottom quartile).
Sharpe: 0.31 (top quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.39% (top quartile).
Modified duration: 8.99 yrs (bottom quartile).

Axis Gilt Fund

Bottom quartile AUM (₹588 Cr).
Established history (14+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderate.
1Y return: 1.80% (bottom quartile).
1M return: -1.68% (bottom quartile).
Sharpe: 0.05 (lower mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.11% (upper mid).
Modified duration: 8.28 yrs (bottom quartile).

Bandhan Government Securities Fund - Investment Plan

Lower mid AUM (₹1,949 Cr).
Established history (17+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderate.
1Y return: 2.14% (lower mid).
1M return: 0.08% (top quartile).
Sharpe: -0.15 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 5.77% (bottom quartile).
Modified duration: 1.22 yrs (top quartile).

UTI Gilt Fund

Bottom quartile AUM (₹528 Cr).
Established history (24+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
1Y return: 3.12% (top quartile).
1M return: -0.79% (upper mid).
Sharpe: 0.07 (upper mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.71% (lower mid).
Modified duration: 6.73 yrs (lower mid).

SBI Magnum Gilt Fund

Highest AUM (₹9,992 Cr).
Established history (25+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderate.
1Y return: 1.76% (bottom quartile).
1M return: -1.03% (lower mid).
Sharpe: -0.15 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.60% (bottom quartile).
Modified duration: 5.18 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	₹23.2883 ↓ -0.07	₹626	0	1.5	5.9	7.9	8.5	7.3%	4Y 6M 16D	6Y 4M 13D
Nippon India Dynamic Bond Fund Growth	₹38.3047 ↓ -0.08	₹4,084	0.6	1.9	5.2	7.4	7.1	6.82%	3Y 7M 6D	4Y 3M 29D
Axis Dynamic Bond Fund Growth	₹30.3414 ↓ -0.05	₹1,132	0.3	1.8	4.8	7.1	7.1	7.18%	5Y 4M 28D	9Y 4M 24D
ICICI Prudential Long Term Plan Growth	₹37.7614 ↓ -0.11	₹14,507	-0.2	1	4.5	7	7.2	7.74%	6Y 1M 6D	14Y 11D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 7 Aug 22

Research Highlights & Commentary of 5 Funds showcased

Commentary	Franklin India Dynamic Accrual Fund	IIFL Dynamic Bond Fund	Nippon India Dynamic Bond Fund	Axis Dynamic Bond Fund	ICICI Prudential Long Term Plan
Point 1	Bottom quartile AUM (₹99 Cr).	Bottom quartile AUM (₹626 Cr).	Upper mid AUM (₹4,084 Cr).	Lower mid AUM (₹1,132 Cr).	Highest AUM (₹14,507 Cr).
Point 2	Oldest track record among peers (29 yrs).	Established history (12+ yrs).	Established history (21+ yrs).	Established history (14+ yrs).	Established history (16+ yrs).
Point 3	Rating: 1★ (lower mid).	Not Rated.	Not Rated.	Rating: 3★ (upper mid).	Top 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: 5.87% (upper mid).	1Y return: 5.23% (lower mid).	1Y return: 4.76% (bottom quartile).	1Y return: 4.47% (bottom quartile).
Point 6	1M return: 1.43% (top quartile).	1M return: -1.01% (bottom quartile).	1M return: -0.89% (lower mid).	1M return: -0.67% (upper mid).	1M return: -1.12% (bottom quartile).
Point 7	Sharpe: 1.19 (top quartile).	Sharpe: 0.90 (upper mid).	Sharpe: 0.49 (bottom quartile).	Sharpe: 0.55 (bottom quartile).	Sharpe: 0.55 (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): 7.30% (upper mid).	Yield to maturity (debt): 6.82% (bottom quartile).	Yield to maturity (debt): 7.18% (lower mid).	Yield to maturity (debt): 7.74% (top quartile).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 4.54 yrs (lower mid).	Modified duration: 3.60 yrs (upper mid).	Modified duration: 5.41 yrs (bottom quartile).	Modified duration: 6.10 yrs (bottom quartile).

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% (top quartile).
Sharpe: 1.19 (top quartile).
Information ratio: 0.42 (top quartile).
Yield to maturity (debt): 0.00% (bottom quartile).
Modified duration: 0.00 yrs (top quartile).

IIFL Dynamic Bond Fund

Bottom quartile AUM (₹626 Cr).
Established history (12+ yrs).
Not Rated.
Risk profile: Moderate.
1Y return: 5.87% (upper mid).
1M return: -1.01% (bottom quartile).
Sharpe: 0.90 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.30% (upper mid).
Modified duration: 4.54 yrs (lower mid).

Nippon India Dynamic Bond Fund

Upper mid AUM (₹4,084 Cr).
Established history (21+ yrs).
Not Rated.
Risk profile: Moderate.
1Y return: 5.23% (lower mid).
1M return: -0.89% (lower mid).
Sharpe: 0.49 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.82% (bottom quartile).
Modified duration: 3.60 yrs (upper mid).

Axis Dynamic Bond Fund

Lower mid AUM (₹1,132 Cr).
Established history (14+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderate.
1Y return: 4.76% (bottom quartile).
1M return: -0.67% (upper mid).
Sharpe: 0.55 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.18% (lower mid).
Modified duration: 5.41 yrs (bottom quartile).

ICICI Prudential Long Term Plan

Highest AUM (₹14,507 Cr).
Established history (16+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 4.47% (bottom quartile).
1M return: -1.12% (bottom quartile).
Sharpe: 0.55 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.74% (top quartile).
Modified duration: 6.10 yrs (bottom quartile).

Best Equity Mutual Funds with Highest Returns 2026

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

Top 5 Large Cap Funds with 5 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
Nippon India Large Cap Fund Growth	₹83.4106 ↓ -1.82	₹51,404	-11.1	-8	-0.6	16.5	15.8	9.2
ICICI Prudential Bluechip Fund Growth	₹101.98 ↓ -1.95	₹77,452	-11.3	-7.2	-1.2	15.4	13.9	11.3
HDFC Top 100 Fund Growth	₹1,044.64 ↓ -21.62	₹40,085	-11.1	-6.9	-3.2	13.1	13	7.9
IDBI India Top 100 Equity Fund Growth	₹44.16 ↑ 0.05	₹655	9.2	12.5	15.4	21.9	12.6
Invesco India Largecap Fund Growth	₹62.74 ↓ -1.38	₹1,702	-11.6	-8.3	-0.8	15.2	12.4	5.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Mar 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	Nippon India Large Cap Fund	ICICI Prudential Bluechip Fund	HDFC Top 100 Fund	IDBI India Top 100 Equity Fund	Invesco India Largecap Fund
Point 1	Upper mid AUM (₹51,404 Cr).	Highest AUM (₹77,452 Cr).	Lower mid AUM (₹40,085 Cr).	Bottom quartile AUM (₹655 Cr).	Bottom quartile AUM (₹1,702 Cr).
Point 2	Established history (18+ yrs).	Established history (17+ yrs).	Oldest track record among peers (29 yrs).	Established history (13+ yrs).	Established history (16+ yrs).
Point 3	Top rated.	Rating: 4★ (upper mid).	Rating: 3★ (lower mid).	Rating: 3★ (bottom quartile).	Rating: 3★ (bottom quartile).
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 15.84% (top quartile).	5Y return: 13.92% (upper mid).	5Y return: 12.96% (lower mid).	5Y return: 12.61% (bottom quartile).	5Y return: 12.43% (bottom quartile).
Point 6	3Y return: 16.49% (upper mid).	3Y return: 15.42% (lower mid).	3Y return: 13.09% (bottom quartile).	3Y return: 21.88% (top quartile).	3Y return: 15.15% (bottom quartile).
Point 7	1Y return: -0.63% (upper mid).	1Y return: -1.17% (bottom quartile).	1Y return: -3.24% (bottom quartile).	1Y return: 15.39% (top quartile).	1Y return: -0.77% (lower mid).
Point 8	Alpha: 2.67 (top quartile).	Alpha: 0.83 (lower mid).	Alpha: -0.67 (bottom quartile).	Alpha: 2.11 (upper mid).	Alpha: -0.05 (bottom quartile).
Point 9	Sharpe: 1.23 (top quartile).	Sharpe: 1.07 (lower mid).	Sharpe: 0.90 (bottom quartile).	Sharpe: 1.09 (upper mid).	Sharpe: 0.97 (bottom quartile).
Point 10	Information ratio: 1.27 (top quartile).	Information ratio: 0.92 (upper mid).	Information ratio: 0.18 (bottom quartile).	Information ratio: 0.14 (bottom quartile).	Information ratio: 0.44 (lower mid).

Nippon India Large Cap Fund

Upper mid AUM (₹51,404 Cr).
Established history (18+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 15.84% (top quartile).
3Y return: 16.49% (upper mid).
1Y return: -0.63% (upper mid).
Alpha: 2.67 (top quartile).
Sharpe: 1.23 (top quartile).
Information ratio: 1.27 (top quartile).

ICICI Prudential Bluechip Fund

Highest AUM (₹77,452 Cr).
Established history (17+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 13.92% (upper mid).
3Y return: 15.42% (lower mid).
1Y return: -1.17% (bottom quartile).
Alpha: 0.83 (lower mid).
Sharpe: 1.07 (lower mid).
Information ratio: 0.92 (upper mid).

HDFC Top 100 Fund

Lower mid AUM (₹40,085 Cr).
Oldest track record among peers (29 yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 12.96% (lower mid).
3Y return: 13.09% (bottom quartile).
1Y return: -3.24% (bottom quartile).
Alpha: -0.67 (bottom quartile).
Sharpe: 0.90 (bottom quartile).
Information ratio: 0.18 (bottom quartile).

IDBI India Top 100 Equity Fund

Bottom quartile AUM (₹655 Cr).
Established history (13+ 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 (upper mid).
Sharpe: 1.09 (upper mid).
Information ratio: 0.14 (bottom quartile).

Invesco India Largecap Fund

Bottom quartile AUM (₹1,702 Cr).
Established history (16+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 12.43% (bottom quartile).
3Y return: 15.15% (bottom quartile).
1Y return: -0.77% (lower mid).
Alpha: -0.05 (bottom quartile).
Sharpe: 0.97 (bottom quartile).
Information ratio: 0.44 (lower mid).

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	₹82.9918 ↓ -2.09	₹33,689	-16.2	-16.6	-11	19.8	21.1	-12.1
Nippon India Small Cap Fund Growth	₹150.112 ↓ -2.98	₹67,642	-9.5	-9.7	0.1	19.1	21	-4.7
HDFC Mid-Cap Opportunities Fund Growth	₹184.472 ↓ -3.22	₹94,257	-8.6	-3.2	6	23.8	20.7	6.8
Edelweiss Mid Cap Fund Growth	₹94.195 ↓ -1.88	₹14,355	-8	-4.4	6.9	24.5	20.4	3.8
Invesco India Mid Cap Fund Growth	₹160.99 ↓ -3.79	₹10,772	-12.1	-9	5.4	24.6	18.9	6.3
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Mar 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	Motilal Oswal Midcap 30 Fund	Nippon India Small Cap Fund	HDFC Mid-Cap Opportunities Fund	Edelweiss Mid Cap Fund	Invesco India Mid Cap Fund
Point 1	Lower mid AUM (₹33,689 Cr).	Upper mid AUM (₹67,642 Cr).	Highest AUM (₹94,257 Cr).	Bottom quartile AUM (₹14,355 Cr).	Bottom quartile AUM (₹10,772 Cr).
Point 2	Established history (12+ yrs).	Established history (15+ yrs).	Oldest track record among peers (18 yrs).	Established history (18+ yrs).	Established history (18+ yrs).
Point 3	Rating: 3★ (upper mid).	Top rated.	Rating: 3★ (lower mid).	Rating: 3★ (bottom quartile).	Rating: 2★ (bottom quartile).
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: High.	Risk profile: Moderately High.
Point 5	5Y return: 21.10% (top quartile).	5Y return: 21.00% (upper mid).	5Y return: 20.71% (lower mid).	5Y return: 20.38% (bottom quartile).	5Y return: 18.87% (bottom quartile).
Point 6	3Y return: 19.76% (bottom quartile).	3Y return: 19.11% (bottom quartile).	3Y return: 23.77% (lower mid).	3Y return: 24.52% (upper mid).	3Y return: 24.56% (top quartile).
Point 7	1Y return: -11.03% (bottom quartile).	1Y return: 0.09% (bottom quartile).	1Y return: 5.99% (upper mid).	1Y return: 6.88% (top quartile).	1Y return: 5.37% (lower mid).
Point 8	Alpha: -20.09 (bottom quartile).	Alpha: 2.58 (upper mid).	Alpha: 3.83 (top quartile).	Alpha: 1.12 (lower mid).	Alpha: 0.00 (bottom quartile).
Point 9	Sharpe: -0.29 (bottom quartile).	Sharpe: 0.76 (bottom quartile).	Sharpe: 1.65 (top quartile).	Sharpe: 1.33 (upper mid).	Sharpe: 1.21 (lower mid).
Point 10	Information ratio: -0.36 (bottom quartile).	Information ratio: -0.10 (bottom quartile).	Information ratio: 0.45 (top quartile).	Information ratio: 0.33 (upper mid).	Information ratio: 0.00 (lower mid).

Motilal Oswal Midcap 30 Fund

Lower mid AUM (₹33,689 Cr).
Established history (12+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 21.10% (top quartile).
3Y return: 19.76% (bottom quartile).
1Y return: -11.03% (bottom quartile).
Alpha: -20.09 (bottom quartile).
Sharpe: -0.29 (bottom quartile).
Information ratio: -0.36 (bottom quartile).

Nippon India Small Cap Fund

Upper mid AUM (₹67,642 Cr).
Established history (15+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 21.00% (upper mid).
3Y return: 19.11% (bottom quartile).
1Y return: 0.09% (bottom quartile).
Alpha: 2.58 (upper mid).
Sharpe: 0.76 (bottom quartile).
Information ratio: -0.10 (bottom quartile).

HDFC Mid-Cap Opportunities Fund

Highest AUM (₹94,257 Cr).
Oldest track record among peers (18 yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 20.71% (lower mid).
3Y return: 23.77% (lower mid).
1Y return: 5.99% (upper mid).
Alpha: 3.83 (top quartile).
Sharpe: 1.65 (top quartile).
Information ratio: 0.45 (top quartile).

Edelweiss Mid Cap Fund

Bottom quartile AUM (₹14,355 Cr).
Established history (18+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: High.
5Y return: 20.38% (bottom quartile).
3Y return: 24.52% (upper mid).
1Y return: 6.88% (top quartile).
Alpha: 1.12 (lower mid).
Sharpe: 1.33 (upper mid).
Information ratio: 0.33 (upper mid).

Invesco India Mid Cap Fund

Bottom quartile AUM (₹10,772 Cr).
Established history (18+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 18.87% (bottom quartile).
3Y return: 24.56% (top quartile).
1Y return: 5.37% (lower mid).
Alpha: 0.00 (bottom quartile).
Sharpe: 1.21 (lower mid).
Information ratio: 0.00 (lower mid).

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	₹272.007 ↓ -5.84	₹50,820	-9.3	-8.5	0.7	19.6	19.6	4.1
HDFC Equity Fund Growth	₹1,859.7 ↓ -33.77	₹100,455	-9.8	-7.4	0.6	19.1	18.7	11.4
Mahindra Badhat Yojana Growth	₹32.9107 ↓ -0.61	₹6,174	-8.3	-4.4	2.9	18.9	16.7	3.4
Parag Parikh Long Term Equity Fund Growth	₹80.2487 ↑ 0.77	₹134,253	-8	-6	0.4	17.8	16.5	7.8
ICICI Prudential Multicap Fund Growth	₹731.96 ↓ -13.88	₹16,315	-8.6	-5.7	-0.4	18.1	15.6	5.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Mar 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	Nippon India Multi Cap Fund	HDFC Equity Fund	Mahindra Badhat Yojana	Parag Parikh Long Term Equity Fund	ICICI Prudential Multicap Fund
Point 1	Lower mid AUM (₹50,820 Cr).	Upper mid AUM (₹100,455 Cr).	Bottom quartile AUM (₹6,174 Cr).	Highest AUM (₹134,253 Cr).	Bottom quartile AUM (₹16,315 Cr).
Point 2	Established history (21+ yrs).	Oldest track record among peers (31 yrs).	Established history (8+ yrs).	Established history (12+ yrs).	Established history (31+ yrs).
Point 3	Rating: 2★ (bottom quartile).	Top rated.	Not Rated.	Rating: 3★ (upper mid).	Rating: 3★ (lower mid).
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 19.61% (top quartile).	5Y return: 18.74% (upper mid).	5Y return: 16.74% (lower mid).	5Y return: 16.47% (bottom quartile).	5Y return: 15.61% (bottom quartile).
Point 6	3Y return: 19.62% (top quartile).	3Y return: 19.13% (upper mid).	3Y return: 18.88% (lower mid).	3Y return: 17.85% (bottom quartile).	3Y return: 18.10% (bottom quartile).
Point 7	1Y return: 0.67% (upper mid).	1Y return: 0.56% (lower mid).	1Y return: 2.86% (top quartile).	1Y return: 0.39% (bottom quartile).	1Y return: -0.38% (bottom quartile).
Point 8	Alpha: 1.47 (lower mid).	Alpha: 4.33 (top quartile).	Alpha: 2.49 (upper mid).	Alpha: -2.18 (bottom quartile).	Alpha: 1.34 (bottom quartile).
Point 9	Sharpe: 1.02 (bottom quartile).	Sharpe: 1.50 (top quartile).	Sharpe: 1.15 (upper mid).	Sharpe: 0.56 (bottom quartile).	Sharpe: 1.05 (lower mid).
Point 10	Information ratio: 0.52 (upper mid).	Information ratio: 1.20 (top quartile).	Information ratio: 0.39 (lower mid).	Information ratio: 0.34 (bottom quartile).	Information ratio: 0.21 (bottom quartile).

Nippon India Multi Cap Fund

Lower mid AUM (₹50,820 Cr).
Established history (21+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 19.61% (top quartile).
3Y return: 19.62% (top quartile).
1Y return: 0.67% (upper mid).
Alpha: 1.47 (lower mid).
Sharpe: 1.02 (bottom quartile).
Information ratio: 0.52 (upper mid).

HDFC Equity Fund

Upper mid AUM (₹100,455 Cr).
Oldest track record among peers (31 yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 18.74% (upper mid).
3Y return: 19.13% (upper mid).
1Y return: 0.56% (lower mid).
Alpha: 4.33 (top quartile).
Sharpe: 1.50 (top quartile).
Information ratio: 1.20 (top quartile).

Mahindra Badhat Yojana

Bottom quartile AUM (₹6,174 Cr).
Established history (8+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 16.74% (lower mid).
3Y return: 18.88% (lower mid).
1Y return: 2.86% (top quartile).
Alpha: 2.49 (upper mid).
Sharpe: 1.15 (upper mid).
Information ratio: 0.39 (lower mid).

Parag Parikh Long Term Equity Fund

Highest AUM (₹134,253 Cr).
Established history (12+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 16.47% (bottom quartile).
3Y return: 17.85% (bottom quartile).
1Y return: 0.39% (bottom quartile).
Alpha: -2.18 (bottom quartile).
Sharpe: 0.56 (bottom quartile).
Information ratio: 0.34 (bottom quartile).

ICICI Prudential Multicap Fund

Bottom quartile AUM (₹16,315 Cr).
Established history (31+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 15.61% (bottom quartile).
3Y return: 18.10% (bottom quartile).
1Y return: -0.38% (bottom quartile).
Alpha: 1.34 (bottom quartile).
Sharpe: 1.05 (lower mid).
Information ratio: 0.21 (bottom quartile).

Top 5 Sector Funds with 5 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
SBI PSU Fund Growth	₹33.1798 ↓ -0.51	₹6,545	-0.4	4.8	10.8	31.4	26	11.3
ICICI Prudential Infrastructure Fund Growth	₹179.33 ↓ -3.68	₹8,098	-8.6	-7	0.4	21.7	24.4	6.7
Invesco India PSU Equity Fund Growth	₹61.42 ↓ -1.32	₹1,511	-5.9	-2.1	6.6	28.2	23.8	10.3
DSP India T.I.G.E.R Fund Growth	₹303.231 ↓ -5.15	₹5,460	-3.5	-2.4	6.5	24.5	22.7	-2.5
Nippon India Power and Infra Fund Growth	₹331.241 ↓ -6.42	₹7,128	-3.9	-3.9	3.9	24.5	22.6	-0.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Mar 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	SBI PSU Fund	ICICI Prudential Infrastructure Fund	Invesco India PSU Equity Fund	DSP India T.I.G.E.R Fund	Nippon India Power and Infra Fund
Point 1	Lower mid AUM (₹6,545 Cr).	Highest AUM (₹8,098 Cr).	Bottom quartile AUM (₹1,511 Cr).	Bottom quartile AUM (₹5,460 Cr).	Upper mid AUM (₹7,128 Cr).
Point 2	Established history (15+ yrs).	Established history (20+ yrs).	Established history (16+ yrs).	Oldest track record among peers (21 yrs).	Established history (21+ yrs).
Point 3	Rating: 2★ (bottom quartile).	Rating: 3★ (lower mid).	Rating: 3★ (bottom quartile).	Top rated.	Rating: 4★ (upper mid).
Point 4	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.
Point 5	5Y return: 26.04% (top quartile).	5Y return: 24.39% (upper mid).	5Y return: 23.78% (lower mid).	5Y return: 22.75% (bottom quartile).	5Y return: 22.65% (bottom quartile).
Point 6	3Y return: 31.38% (top quartile).	3Y return: 21.68% (bottom quartile).	3Y return: 28.16% (upper mid).	3Y return: 24.53% (lower mid).	3Y return: 24.45% (bottom quartile).
Point 7	1Y return: 10.78% (top quartile).	1Y return: 0.38% (bottom quartile).	1Y return: 6.61% (upper mid).	1Y return: 6.49% (lower mid).	1Y return: 3.93% (bottom quartile).
Point 8	Alpha: 0.92 (top quartile).	Alpha: 0.00 (lower mid).	Alpha: -6.26 (bottom quartile).	Alpha: 0.00 (bottom quartile).	Alpha: 0.23 (upper mid).
Point 9	Sharpe: 1.90 (top quartile).	Sharpe: 1.03 (bottom quartile).	Sharpe: 1.47 (upper mid).	Sharpe: 1.34 (lower mid).	Sharpe: 1.10 (bottom quartile).
Point 10	Information ratio: -0.27 (bottom quartile).	Information ratio: 0.00 (upper mid).	Information ratio: -0.78 (bottom quartile).	Information ratio: 0.00 (lower mid).	Information ratio: 0.34 (top quartile).

SBI PSU Fund

Lower mid AUM (₹6,545 Cr).
Established history (15+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: High.
5Y return: 26.04% (top quartile).
3Y return: 31.38% (top quartile).
1Y return: 10.78% (top quartile).
Alpha: 0.92 (top quartile).
Sharpe: 1.90 (top quartile).
Information ratio: -0.27 (bottom quartile).

ICICI Prudential Infrastructure Fund

Highest AUM (₹8,098 Cr).
Established history (20+ yrs).
Rating: 3★ (lower mid).
Risk profile: High.
5Y return: 24.39% (upper mid).
3Y return: 21.68% (bottom quartile).
1Y return: 0.38% (bottom quartile).
Alpha: 0.00 (lower mid).
Sharpe: 1.03 (bottom quartile).
Information ratio: 0.00 (upper mid).

Invesco India PSU Equity Fund

Bottom quartile AUM (₹1,511 Cr).
Established history (16+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: High.
5Y return: 23.78% (lower mid).
3Y return: 28.16% (upper mid).
1Y return: 6.61% (upper mid).
Alpha: -6.26 (bottom quartile).
Sharpe: 1.47 (upper mid).
Information ratio: -0.78 (bottom quartile).

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

Bottom quartile AUM (₹5,460 Cr).
Oldest track record among peers (21 yrs).
Top rated.
Risk profile: High.
5Y return: 22.75% (bottom quartile).
3Y return: 24.53% (lower mid).
1Y return: 6.49% (lower mid).
Alpha: 0.00 (bottom quartile).
Sharpe: 1.34 (lower mid).
Information ratio: 0.00 (lower mid).

Nippon India Power and Infra Fund

Upper mid AUM (₹7,128 Cr).
Established history (21+ yrs).
Rating: 4★ (upper mid).
Risk profile: High.
5Y return: 22.65% (bottom quartile).
3Y return: 24.45% (bottom quartile).
1Y return: 3.93% (bottom quartile).
Alpha: 0.23 (upper mid).
Sharpe: 1.10 (bottom quartile).
Information ratio: 0.34 (top 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	₹76.0711 ↓ -0.38	₹3,271	-2.2	-0.8	4.6	9.4	8.4	7.9
SBI Debt Hybrid Fund Growth	₹72.8857 ↓ -0.42	₹9,686	-1.6	-0.2	4.3	9.3	8.8	6.7
DSP Regular Savings Fund Growth	₹58.5593 ↓ -0.30	₹184	-2.6	-0.5	2.4	9.2	7.3	7.2
Baroda Pioneer Conservative Hybrid Fund Growth	₹30.2092 ↑ 0.02	₹33	-1.7	-1.2	3.3	9.1	7.8
Kotak Debt Hybrid Fund Growth	₹57.588 ↓ -0.42	₹3,031	-3.1	-1.3	1.5	9	8.4	5.3
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Mar 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	ICICI Prudential MIP 25	SBI Debt Hybrid Fund	DSP Regular Savings Fund	Baroda Pioneer Conservative Hybrid Fund	Kotak Debt Hybrid Fund
Point 1	Upper mid AUM (₹3,271 Cr).	Highest AUM (₹9,686 Cr).	Bottom quartile AUM (₹184 Cr).	Bottom quartile AUM (₹33 Cr).	Lower mid AUM (₹3,031 Cr).
Point 2	Established history (22+ yrs).	Oldest track record among peers (24 yrs).	Established history (21+ yrs).	Established history (21+ yrs).	Established history (22+ yrs).
Point 3	Top rated.	Rating: 5★ (upper mid).	Rating: 3★ (bottom quartile).	Rating: 2★ (bottom quartile).	Rating: 4★ (lower mid).
Point 4	Risk profile: Moderately High.	Risk profile: Moderate.	Risk profile: Moderately High.	Risk profile: Moderate.	Risk profile: Moderate.
Point 5	5Y return: 8.35% (lower mid).	5Y return: 8.80% (top quartile).	5Y return: 7.35% (bottom quartile).	5Y return: 7.83% (bottom quartile).	5Y return: 8.42% (upper mid).
Point 6	3Y return: 9.44% (top quartile).	3Y return: 9.30% (upper mid).	3Y return: 9.16% (lower mid).	3Y return: 9.05% (bottom quartile).	3Y return: 9.04% (bottom quartile).
Point 7	1Y return: 4.57% (top quartile).	1Y return: 4.29% (upper mid).	1Y return: 2.40% (bottom quartile).	1Y return: 3.31% (lower mid).	1Y return: 1.51% (bottom quartile).
Point 8	1M return: -1.97% (upper mid).	1M return: -2.42% (bottom quartile).	1M return: -2.30% (lower mid).	1M return: -1.08% (top quartile).	1M return: -3.27% (bottom quartile).
Point 9	Alpha: 0.00 (upper mid).	Alpha: 0.00 (lower mid).	Alpha: -0.12 (bottom quartile).	Alpha: 0.25 (top quartile).	Alpha: -0.90 (bottom quartile).
Point 10	Sharpe: 1.14 (top quartile).	Sharpe: 1.04 (upper mid).	Sharpe: 0.62 (bottom quartile).	Sharpe: 0.85 (lower mid).	Sharpe: 0.50 (bottom quartile).

ICICI Prudential MIP 25

Upper mid AUM (₹3,271 Cr).
Established history (22+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 8.35% (lower mid).
3Y return: 9.44% (top quartile).
1Y return: 4.57% (top quartile).
1M return: -1.97% (upper mid).
Alpha: 0.00 (upper mid).
Sharpe: 1.14 (top quartile).

SBI Debt Hybrid Fund

Highest AUM (₹9,686 Cr).
Oldest track record among peers (24 yrs).
Rating: 5★ (upper mid).
Risk profile: Moderate.
5Y return: 8.80% (top quartile).
3Y return: 9.30% (upper mid).
1Y return: 4.29% (upper mid).
1M return: -2.42% (bottom quartile).
Alpha: 0.00 (lower mid).
Sharpe: 1.04 (upper mid).

DSP Regular Savings Fund

Bottom quartile AUM (₹184 Cr).
Established history (21+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 7.35% (bottom quartile).
3Y return: 9.16% (lower mid).
1Y return: 2.40% (bottom quartile).
1M return: -2.30% (lower mid).
Alpha: -0.12 (bottom quartile).
Sharpe: 0.62 (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% (bottom quartile).
1Y return: 3.31% (lower mid).
1M return: -1.08% (top quartile).
Alpha: 0.25 (top quartile).
Sharpe: 0.85 (lower mid).

Kotak Debt Hybrid Fund

Lower mid AUM (₹3,031 Cr).
Established history (22+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderate.
5Y return: 8.42% (upper mid).
3Y return: 9.04% (bottom quartile).
1Y return: 1.51% (bottom quartile).
1M return: -3.27% (bottom quartile).
Alpha: -0.90 (bottom quartile).
Sharpe: 0.50 (bottom quartile).

Top 5 Hybrid Equity Funds with 3 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
BOI AXA Mid and Small Cap Equity and Debt Fund Growth	₹36.25 ↓ -0.57	₹1,360	-5	-3	3.9	18.3	16.5	-0.9
ICICI Prudential Equity and Debt Fund Growth	₹381.43 ↓ -5.73	₹50,205	-6.9	-4	3.3	17.4	17.8	13.3
Sundaram Equity Hybrid Fund Growth	₹135.137 ↑ 0.78	₹1,954	0.5	10.5	27.1	16	14.2
JM Equity Hybrid Fund Growth	₹107.799 ↓ -2.09	₹735	-10.2	-9	-5.1	15.5	13.2	-3.1
UTI Hybrid Equity Fund Growth	₹382.43 ↓ -5.80	₹6,663	-8.6	-3.8	0.3	14.7	13.4	6.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Mar 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	JM Equity Hybrid Fund	UTI Hybrid Equity Fund
Point 1	Bottom quartile AUM (₹1,360 Cr).	Highest AUM (₹50,205 Cr).	Lower mid AUM (₹1,954 Cr).	Bottom quartile AUM (₹735 Cr).	Upper mid AUM (₹6,663 Cr).
Point 2	Established history (9+ yrs).	Established history (26+ yrs).	Established history (25+ yrs).	Oldest track record among peers (31 yrs).	Established history (31+ yrs).
Point 3	Not Rated.	Top rated.	Rating: 2★ (lower mid).	Rating: 1★ (bottom quartile).	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: 16.50% (upper mid).	5Y return: 17.81% (top quartile).	5Y return: 14.20% (lower mid).	5Y return: 13.24% (bottom quartile).	5Y return: 13.39% (bottom quartile).
Point 6	3Y return: 18.27% (top quartile).	3Y return: 17.44% (upper mid).	3Y return: 16.03% (lower mid).	3Y return: 15.48% (bottom quartile).	3Y return: 14.68% (bottom quartile).
Point 7	1Y return: 3.87% (upper mid).	1Y return: 3.31% (lower mid).	1Y return: 27.10% (top quartile).	1Y return: -5.08% (bottom quartile).	1Y return: 0.28% (bottom quartile).
Point 8	1M return: -5.40% (upper mid).	1M return: -6.29% (lower mid).	1M return: 1.80% (top quartile).	1M return: -7.44% (bottom quartile).	1M return: -6.93% (bottom quartile).
Point 9	Alpha: 0.00 (lower mid).	Alpha: 3.49 (upper mid).	Alpha: 5.81 (top quartile).	Alpha: -6.31 (bottom quartile).	Alpha: -0.58 (bottom quartile).
Point 10	Sharpe: 1.04 (lower mid).	Sharpe: 1.45 (upper mid).	Sharpe: 2.64 (top quartile).	Sharpe: 0.19 (bottom quartile).	Sharpe: 0.90 (bottom quartile).

BOI AXA Mid and Small Cap Equity and Debt Fund

Bottom quartile AUM (₹1,360 Cr).
Established history (9+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 16.50% (upper mid).
3Y return: 18.27% (top quartile).
1Y return: 3.87% (upper mid).
1M return: -5.40% (upper mid).
Alpha: 0.00 (lower mid).
Sharpe: 1.04 (lower mid).

ICICI Prudential Equity and Debt Fund

Highest AUM (₹50,205 Cr).
Established history (26+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 17.81% (top quartile).
3Y return: 17.44% (upper mid).
1Y return: 3.31% (lower mid).
1M return: -6.29% (lower mid).
Alpha: 3.49 (upper mid).
Sharpe: 1.45 (upper mid).

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% (lower mid).
3Y return: 16.03% (lower mid).
1Y return: 27.10% (top quartile).
1M return: 1.80% (top quartile).
Alpha: 5.81 (top quartile).
Sharpe: 2.64 (top quartile).

JM Equity Hybrid Fund

Bottom quartile AUM (₹735 Cr).
Oldest track record among peers (31 yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 13.24% (bottom quartile).
3Y return: 15.48% (bottom quartile).
1Y return: -5.08% (bottom quartile).
1M return: -7.44% (bottom quartile).
Alpha: -6.31 (bottom quartile).
Sharpe: 0.19 (bottom quartile).

UTI Hybrid Equity Fund

Upper mid AUM (₹6,663 Cr).
Established history (31+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 13.39% (bottom quartile).
3Y return: 14.68% (bottom quartile).
1Y return: 0.28% (bottom quartile).
1M return: -6.93% (bottom quartile).
Alpha: -0.58 (bottom quartile).
Sharpe: 0.90 (bottom quartile).

Best Gold Funds with 3 Year Highest Returns 2026

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

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
SBI Gold Fund Growth	₹41.5233 ↓ -0.52	₹15,700	3.3	25	59.3	32.5	24.6	71.5
Aditya Birla Sun Life Gold Fund Growth	₹41.2555 ↓ -0.24	₹1,782	3.1	25	59.1	32.4	24.4	72
ICICI Prudential Regular Gold Savings Fund Growth	₹43.7311 ↓ -0.74	₹6,535	2.6	24.4	58.6	32.3	24.3	72
HDFC Gold Fund Growth	₹42.2703 ↓ -0.53	₹11,766	2.8	24.5	58.6	32.1	24.4	71.3
Axis Gold Fund Growth	₹41.0375 ↓ -0.70	₹2,998	2.6	24.2	57.9	32.1	24.3	69.8
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Mar 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	SBI Gold Fund	Aditya Birla Sun Life Gold Fund	ICICI Prudential Regular Gold Savings Fund	HDFC Gold Fund	Axis Gold Fund
Point 1	Highest AUM (₹15,700 Cr).	Bottom quartile AUM (₹1,782 Cr).	Lower mid AUM (₹6,535 Cr).	Upper mid AUM (₹11,766 Cr).	Bottom quartile AUM (₹2,998 Cr).
Point 2	Oldest track record among peers (14 yrs).	Established history (14+ yrs).	Established history (14+ yrs).	Established history (14+ yrs).	Established history (14+ yrs).
Point 3	Rating: 2★ (upper mid).	Top rated.	Rating: 1★ (lower mid).	Rating: 1★ (bottom quartile).	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: 24.59% (top quartile).	5Y return: 24.42% (upper mid).	5Y return: 24.34% (bottom quartile).	5Y return: 24.37% (lower mid).	5Y return: 24.33% (bottom quartile).
Point 6	3Y return: 32.48% (top quartile).	3Y return: 32.39% (upper mid).	3Y return: 32.31% (lower mid).	3Y return: 32.15% (bottom quartile).	3Y return: 32.13% (bottom quartile).
Point 7	1Y return: 59.35% (top quartile).	1Y return: 59.09% (upper mid).	1Y return: 58.59% (bottom quartile).	1Y return: 58.64% (lower mid).	1Y return: 57.93% (bottom quartile).
Point 8	1M return: -10.59% (upper mid).	1M return: -10.36% (top quartile).	1M return: -10.84% (bottom quartile).	1M return: -10.77% (lower mid).	1M return: -11.09% (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: 2.95 (lower mid).	Sharpe: 2.57 (bottom quartile).	Sharpe: 2.66 (bottom quartile).	Sharpe: 3.01 (upper mid).	Sharpe: 3.39 (top quartile).

SBI Gold Fund

Highest AUM (₹15,700 Cr).
Oldest track record among peers (14 yrs).
Rating: 2★ (upper mid).
Risk profile: Moderately High.
5Y return: 24.59% (top quartile).
3Y return: 32.48% (top quartile).
1Y return: 59.35% (top quartile).
1M return: -10.59% (upper mid).
Alpha: 0.00 (top quartile).
Sharpe: 2.95 (lower mid).

Aditya Birla Sun Life Gold Fund

Bottom quartile AUM (₹1,782 Cr).
Established history (14+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 24.42% (upper mid).
3Y return: 32.39% (upper mid).
1Y return: 59.09% (upper mid).
1M return: -10.36% (top quartile).
Alpha: 0.00 (upper mid).
Sharpe: 2.57 (bottom quartile).

ICICI Prudential Regular Gold Savings Fund

Lower mid AUM (₹6,535 Cr).
Established history (14+ yrs).
Rating: 1★ (lower mid).
Risk profile: Moderately High.
5Y return: 24.34% (bottom quartile).
3Y return: 32.31% (lower mid).
1Y return: 58.59% (bottom quartile).
1M return: -10.84% (bottom quartile).
Alpha: 0.00 (lower mid).
Sharpe: 2.66 (bottom quartile).

HDFC Gold Fund

Upper mid AUM (₹11,766 Cr).
Established history (14+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 24.37% (lower mid).
3Y return: 32.15% (bottom quartile).
1Y return: 58.64% (lower mid).
1M return: -10.77% (lower mid).
Alpha: 0.00 (bottom quartile).
Sharpe: 3.01 (upper mid).

Axis Gold Fund

Bottom quartile AUM (₹2,998 Cr).
Established history (14+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 24.33% (bottom quartile).
3Y return: 32.13% (bottom quartile).
1Y return: 57.93% (bottom quartile).
1M return: -11.09% (bottom quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: 3.39 (top quartile).

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