Best Mutual Funds with Highest Returns 2025

Updated on August 20, 2025 , 15881 views

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

What are Mutual Funds?

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

Best Mutual Funds to Invest with Highest Returns

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

Best Debt Mutual Funds with Highest Returns 2025

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

Top 5 Liquid Funds with 1 Year Highest Returns

Fund	NAV	Net Assets (Cr)	1 MO (%)	3 MO (%)	6 MO (%)	1 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
BOI AXA Liquid Fund Growth	₹3,032.07 ↑ 0.46	₹2,002	0.5	1.5	3.3	7	7.4	5.64%	1M 17D	1M 17D
Axis Liquid Fund Growth	₹2,931.49 ↑ 0.42	₹36,757	0.5	1.5	3.3	7	7.4	5.85%	1M 12D	1M 15D
Indiabulls Liquid Fund Growth	₹2,546.08 ↑ 0.39	₹393	0.5	1.5	3.3	7	7.4	5.77%	1M 10D	1M 11D
DSP Liquidity Fund Growth	₹3,758.68 ↑ 0.56	₹22,245	0.5	1.5	3.3	7	7.4	5.83%	1M 13D	1M 17D
Invesco India Liquid Fund Growth	₹3,618.61 ↑ 0.54	₹14,240	0.5	1.5	3.3	7	7.4	5.78%	1M 9D	1M 9D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Aug 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	BOI AXA Liquid Fund	Axis Liquid Fund	Indiabulls Liquid Fund	DSP Liquidity Fund	Invesco India Liquid Fund
Point 1	Bottom quartile AUM (₹2,002 Cr).	Highest AUM (₹36,757 Cr).	Bottom quartile AUM (₹393 Cr).	Upper mid AUM (₹22,245 Cr).	Lower mid AUM (₹14,240 Cr).
Point 2	Established history (17+ yrs).	Established history (15+ yrs).	Established history (13+ yrs).	Oldest track record among peers (19 yrs).	Established history (18+ yrs).
Point 3	Rating: 3★ (bottom quartile).	Rating: 4★ (upper mid).	Top rated.	Rating: 3★ (bottom quartile).	Rating: 4★ (lower mid).
Point 4	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.
Point 5	1Y return: 7.03% (top quartile).	1Y return: 7.01% (upper mid).	1Y return: 7.00% (lower mid).	1Y return: 6.99% (bottom quartile).	1Y return: 6.98% (bottom quartile).
Point 6	1M return: 0.47% (top quartile).	1M return: 0.47% (upper mid).	1M return: 0.46% (bottom quartile).	1M return: 0.47% (lower mid).	1M return: 0.47% (bottom quartile).
Point 7	Sharpe: 4.36 (top quartile).	Sharpe: 3.64 (lower mid).	Sharpe: 3.05 (bottom quartile).	Sharpe: 4.00 (upper mid).	Sharpe: 3.63 (bottom quartile).
Point 8	Information ratio: 0.52 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: -1.37 (bottom quartile).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 5.64% (bottom quartile).	Yield to maturity (debt): 5.85% (top quartile).	Yield to maturity (debt): 5.77% (bottom quartile).	Yield to maturity (debt): 5.83% (upper mid).	Yield to maturity (debt): 5.78% (lower mid).
Point 10	Modified duration: 0.13 yrs (bottom quartile).	Modified duration: 0.12 yrs (lower mid).	Modified duration: 0.11 yrs (upper mid).	Modified duration: 0.12 yrs (bottom quartile).	Modified duration: 0.11 yrs (top quartile).

BOI AXA Liquid Fund

Bottom quartile AUM (₹2,002 Cr).
Established history (17+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 7.03% (top quartile).
1M return: 0.47% (top quartile).
Sharpe: 4.36 (top quartile).
Information ratio: 0.52 (top quartile).
Yield to maturity (debt): 5.64% (bottom quartile).
Modified duration: 0.13 yrs (bottom quartile).

Axis Liquid Fund

Highest AUM (₹36,757 Cr).
Established history (15+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 7.01% (upper mid).
1M return: 0.47% (upper mid).
Sharpe: 3.64 (lower mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 5.85% (top quartile).
Modified duration: 0.12 yrs (lower mid).

Indiabulls Liquid Fund

Bottom quartile AUM (₹393 Cr).
Established history (13+ yrs).
Top rated.
Risk profile: Low.
1Y return: 7.00% (lower mid).
1M return: 0.46% (bottom quartile).
Sharpe: 3.05 (bottom quartile).
Information ratio: -1.37 (bottom quartile).
Yield to maturity (debt): 5.77% (bottom quartile).
Modified duration: 0.11 yrs (upper mid).

DSP Liquidity Fund

Upper mid AUM (₹22,245 Cr).
Oldest track record among peers (19 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.99% (bottom quartile).
1M return: 0.47% (lower mid).
Sharpe: 4.00 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 5.83% (upper mid).
Modified duration: 0.12 yrs (bottom quartile).

Invesco India Liquid Fund

Lower mid AUM (₹14,240 Cr).
Established history (18+ yrs).
Rating: 4★ (lower mid).
Risk profile: Low.
1Y return: 6.98% (bottom quartile).
1M return: 0.47% (bottom quartile).
Sharpe: 3.63 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 5.78% (lower mid).
Modified duration: 0.11 yrs (top quartile).

Top 5 Ultra Short Term Funds with 1 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Franklin India Ultra Short Bond Fund - Super Institutional Plan Growth	₹34.9131 ↑ 0.04	₹297	1.3	5.9	13.7	8.8		0%		1Y 15D
Aditya Birla Sun Life Savings Fund Growth	₹554.212 ↑ 0.05	₹20,795	1.7	4.1	8	7.4	7.9	6.6%	5M 26D	7M 2D
ICICI Prudential Ultra Short Term Fund Growth	₹27.9786 ↑ 0.00	₹16,382	1.7	3.9	7.5	7.1	7.5	6.63%	4M 24D	7M 6D
SBI Magnum Ultra Short Duration Fund Growth	₹6,032.19 ↑ 0.77	₹15,902	1.6	3.8	7.4	7.1	7.4	6.13%	4M 20D	5M 12D
Invesco India Ultra Short Term Fund Growth	₹2,722.74 ↑ 0.42	₹1,191	1.6	3.7	7.3	6.9	7.5	6.23%	5M 9D	5M 19D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 7 Aug 22

Research Highlights & Commentary of 5 Funds showcased

Commentary	Franklin India Ultra Short Bond Fund - Super Institutional Plan	Aditya Birla Sun Life Savings Fund	ICICI Prudential Ultra Short Term Fund	SBI Magnum Ultra Short Duration Fund	Invesco India Ultra Short Term Fund
Point 1	Bottom quartile AUM (₹297 Cr).	Highest AUM (₹20,795 Cr).	Upper mid AUM (₹16,382 Cr).	Lower mid AUM (₹15,902 Cr).	Bottom quartile AUM (₹1,191 Cr).
Point 2	Established history (17+ yrs).	Established history (22+ yrs).	Established history (14+ yrs).	Oldest track record among peers (26 yrs).	Established history (14+ yrs).
Point 3	Rating: 1★ (bottom quartile).	Top rated.	Rating: 3★ (upper mid).	Rating: 3★ (lower mid).	Rating: 3★ (bottom quartile).
Point 4	Risk profile: Moderate.	Risk profile: Moderately Low.	Risk profile: Moderate.	Risk profile: Low.	Risk profile: Moderate.
Point 5	1Y return: 13.69% (top quartile).	1Y return: 8.00% (upper mid).	1Y return: 7.50% (lower mid).	1Y return: 7.40% (bottom quartile).	1Y return: 7.34% (bottom quartile).
Point 6	1M return: 0.59% (top quartile).	1M return: 0.49% (upper mid).	1M return: 0.47% (lower mid).	1M return: 0.45% (bottom quartile).	1M return: 0.45% (bottom quartile).
Point 7	Sharpe: 2.57 (bottom quartile).	Sharpe: 3.76 (top quartile).	Sharpe: 2.80 (upper mid).	Sharpe: 2.77 (lower mid).	Sharpe: 2.75 (bottom quartile).
Point 8	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 0.00% (bottom quartile).	Yield to maturity (debt): 6.60% (upper mid).	Yield to maturity (debt): 6.63% (top quartile).	Yield to maturity (debt): 6.13% (bottom quartile).	Yield to maturity (debt): 6.23% (lower mid).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 0.49 yrs (bottom quartile).	Modified duration: 0.40 yrs (lower mid).	Modified duration: 0.39 yrs (upper mid).	Modified duration: 0.44 yrs (bottom quartile).

Franklin India Ultra Short Bond Fund - Super Institutional Plan

Bottom quartile AUM (₹297 Cr).
Established history (17+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderate.
1Y return: 13.69% (top quartile).
1M return: 0.59% (top quartile).
Sharpe: 2.57 (bottom quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 0.00% (bottom quartile).
Modified duration: 0.00 yrs (top quartile).

Aditya Birla Sun Life Savings Fund

Highest AUM (₹20,795 Cr).
Established history (22+ yrs).
Top rated.
Risk profile: Moderately Low.
1Y return: 8.00% (upper mid).
1M return: 0.49% (upper mid).
Sharpe: 3.76 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.60% (upper mid).
Modified duration: 0.49 yrs (bottom quartile).

ICICI Prudential Ultra Short Term Fund

Upper mid AUM (₹16,382 Cr).
Established history (14+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderate.
1Y return: 7.50% (lower mid).
1M return: 0.47% (lower mid).
Sharpe: 2.80 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.63% (top quartile).
Modified duration: 0.40 yrs (lower mid).

SBI Magnum Ultra Short Duration Fund

Lower mid AUM (₹15,902 Cr).
Oldest track record among peers (26 yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 7.40% (bottom quartile).
1M return: 0.45% (bottom quartile).
Sharpe: 2.77 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.13% (bottom quartile).
Modified duration: 0.39 yrs (upper mid).

Invesco India Ultra Short Term Fund

Bottom quartile AUM (₹1,191 Cr).
Established history (14+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderate.
1Y return: 7.34% (bottom quartile).
1M return: 0.45% (bottom quartile).
Sharpe: 2.75 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.23% (lower mid).
Modified duration: 0.44 yrs (bottom quartile).

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Top 5 Short Term Funds with 3 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Franklin India Short Term Income Plan - Retail Plan Growth	₹15,041.3 ↑ 0.11	₹13	192.1	192.1	192.1	47.3		0%
ICICI Prudential Short Term Fund Growth	₹60.7666 ↓ 0.00	₹22,070	1.2	4.5	8.3	7.7	7.8	7.11%	2Y 2M 5D	4Y 25D
HDFC Short Term Debt Fund Growth	₹32.3383 ↓ 0.00	₹18,143	1	4.5	8.4	7.7	8.3	6.8%	2Y 4M 10D	3Y 6M 25D
Axis Short Term Fund Growth	₹31.2418 ↓ 0.00	₹11,760	1.1	4.8	8.7	7.5	8	6.76%	2Y 2M 5D	2Y 10M 20D
UTI Short Term Income Fund Growth	₹32.0141 ↓ 0.00	₹3,296	1	4.4	8.2	7.4	7.9	6.75%	2Y 6M 29D	3Y 3M 4D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 2 May 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	Franklin India Short Term Income Plan - Retail Plan	ICICI Prudential Short Term Fund	HDFC Short Term Debt Fund	Axis Short Term Fund	UTI Short Term Income Fund
Point 1	Bottom quartile AUM (₹13 Cr).	Highest AUM (₹22,070 Cr).	Upper mid AUM (₹18,143 Cr).	Lower mid AUM (₹11,760 Cr).	Bottom quartile AUM (₹3,296 Cr).
Point 2	Oldest track record among peers (23 yrs).	Established history (23+ yrs).	Established history (15+ yrs).	Established history (15+ yrs).	Established history (17+ yrs).
Point 3	Rating: 2★ (bottom quartile).	Top rated.	Rating: 3★ (lower mid).	Rating: 3★ (bottom quartile).	Rating: 4★ (upper mid).
Point 4	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderately Low.	Risk profile: Moderately Low.	Risk profile: Moderate.
Point 5	1Y return: 192.10% (top quartile).	1Y return: 8.27% (bottom quartile).	1Y return: 8.43% (lower mid).	1Y return: 8.69% (upper mid).	1Y return: 8.19% (bottom quartile).
Point 6	1M return: 192.10% (top quartile).	1M return: 0.13% (upper mid).	1M return: 0.10% (bottom quartile).	1M return: 0.12% (lower mid).	1M return: 0.08% (bottom quartile).
Point 7	Sharpe: -90.89 (bottom quartile).	Sharpe: 2.15 (upper mid).	Sharpe: 2.01 (lower mid).	Sharpe: 2.19 (top quartile).	Sharpe: 1.77 (bottom quartile).
Point 8	Information ratio: -2.42 (bottom quartile).	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 0.00% (bottom quartile).	Yield to maturity (debt): 7.11% (top quartile).	Yield to maturity (debt): 6.80% (upper mid).	Yield to maturity (debt): 6.76% (lower mid).	Yield to maturity (debt): 6.75% (bottom quartile).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 2.18 yrs (upper mid).	Modified duration: 2.36 yrs (bottom quartile).	Modified duration: 2.18 yrs (lower mid).	Modified duration: 2.58 yrs (bottom quartile).

Franklin India Short Term Income Plan - Retail Plan

Bottom quartile AUM (₹13 Cr).
Oldest track record among peers (23 yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderate.
1Y return: 192.10% (top quartile).
1M return: 192.10% (top quartile).
Sharpe: -90.89 (bottom quartile).
Information ratio: -2.42 (bottom quartile).
Yield to maturity (debt): 0.00% (bottom quartile).
Modified duration: 0.00 yrs (top quartile).

ICICI Prudential Short Term Fund

Highest AUM (₹22,070 Cr).
Established history (23+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 8.27% (bottom quartile).
1M return: 0.13% (upper mid).
Sharpe: 2.15 (upper mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.11% (top quartile).
Modified duration: 2.18 yrs (upper mid).

HDFC Short Term Debt Fund

Upper mid AUM (₹18,143 Cr).
Established history (15+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately Low.
1Y return: 8.43% (lower mid).
1M return: 0.10% (bottom quartile).
Sharpe: 2.01 (lower mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.80% (upper mid).
Modified duration: 2.36 yrs (bottom quartile).

Axis Short Term Fund

Lower mid AUM (₹11,760 Cr).
Established history (15+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 8.69% (upper mid).
1M return: 0.12% (lower mid).
Sharpe: 2.19 (top quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.76% (lower mid).
Modified duration: 2.18 yrs (lower mid).

UTI Short Term Income Fund

Bottom quartile AUM (₹3,296 Cr).
Established history (17+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
1Y return: 8.19% (bottom quartile).
1M return: 0.08% (bottom quartile).
Sharpe: 1.77 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.75% (bottom quartile).
Modified duration: 2.58 yrs (bottom quartile).

Top 5 Gilt Funds with 3 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
ICICI Prudential Gilt Fund Growth	₹102.69 ↓ -0.02	₹7,330	-0.8	3.7	7.2	8	8.2	6.63%	4Y 2M 5D	12Y 9M 7D
SBI Magnum Gilt Fund Growth	₹65.3231 ↓ -0.05	₹11,980	-2.6	2.3	4.9	7.5	8.9	6.73%	8Y 4M 28D	17Y 3M 18D
DSP Government Securities Fund Growth	₹94.9152 ↓ -0.03	₹1,894	-2.6	2.6	4.8	7.3	10.1	6.79%	9Y 3M 4D	23Y 5M 19D
Axis Gilt Fund Growth	₹25.3216 ↓ -0.01	₹619	-2.2	2.6	5.6	7.2	10	6.78%	8Y 7M 24D	22Y 8M 1D
UTI Gilt Fund Growth	₹62.1473 ↓ -0.02	₹615	-2.4	2.3	5	6.9	8.9	6.86%	9Y 22D	20Y 8M 26D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Aug 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	ICICI Prudential Gilt Fund	SBI Magnum Gilt Fund	DSP Government Securities Fund	Axis Gilt Fund	UTI Gilt Fund
Point 1	Upper mid AUM (₹7,330 Cr).	Highest AUM (₹11,980 Cr).	Lower mid AUM (₹1,894 Cr).	Bottom quartile AUM (₹619 Cr).	Bottom quartile AUM (₹615 Cr).
Point 2	Oldest track record among peers (26 yrs).	Established history (24+ yrs).	Established history (25+ yrs).	Established history (13+ yrs).	Established history (23+ yrs).
Point 3	Top rated.	Rating: 4★ (upper mid).	Rating: 3★ (bottom quartile).	Rating: 1★ (bottom quartile).	Rating: 4★ (lower mid).
Point 4	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.
Point 5	1Y return: 7.20% (top quartile).	1Y return: 4.85% (bottom quartile).	1Y return: 4.85% (bottom quartile).	1Y return: 5.57% (upper mid).	1Y return: 5.00% (lower mid).
Point 6	1M return: -1.23% (top quartile).	1M return: -1.88% (bottom quartile).	1M return: -1.85% (upper mid).	1M return: -1.88% (lower mid).	1M return: -2.10% (bottom quartile).
Point 7	Sharpe: 1.16 (top quartile).	Sharpe: 0.20 (bottom quartile).	Sharpe: 0.25 (bottom quartile).	Sharpe: 0.41 (upper mid).	Sharpe: 0.31 (lower mid).
Point 8	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 6.63% (bottom quartile).	Yield to maturity (debt): 6.73% (bottom quartile).	Yield to maturity (debt): 6.79% (upper mid).	Yield to maturity (debt): 6.78% (lower mid).	Yield to maturity (debt): 6.86% (top quartile).
Point 10	Modified duration: 4.18 yrs (top quartile).	Modified duration: 8.41 yrs (upper mid).	Modified duration: 9.26 yrs (bottom quartile).	Modified duration: 8.65 yrs (lower mid).	Modified duration: 9.06 yrs (bottom quartile).

ICICI Prudential Gilt Fund

Upper mid AUM (₹7,330 Cr).
Oldest track record among peers (26 yrs).
Top rated.
Risk profile: Moderate.
1Y return: 7.20% (top quartile).
1M return: -1.23% (top quartile).
Sharpe: 1.16 (top quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 6.63% (bottom quartile).
Modified duration: 4.18 yrs (top quartile).

SBI Magnum Gilt Fund

Highest AUM (₹11,980 Cr).
Established history (24+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
1Y return: 4.85% (bottom quartile).
1M return: -1.88% (bottom quartile).
Sharpe: 0.20 (bottom quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.73% (bottom quartile).
Modified duration: 8.41 yrs (upper mid).

DSP Government Securities Fund

Lower mid AUM (₹1,894 Cr).
Established history (25+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderate.
1Y return: 4.85% (bottom quartile).
1M return: -1.85% (upper mid).
Sharpe: 0.25 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.79% (upper mid).
Modified duration: 9.26 yrs (bottom quartile).

Axis Gilt Fund

Bottom quartile AUM (₹619 Cr).
Established history (13+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderate.
1Y return: 5.57% (upper mid).
1M return: -1.88% (lower mid).
Sharpe: 0.41 (upper mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.78% (lower mid).
Modified duration: 8.65 yrs (lower mid).

UTI Gilt Fund

Bottom quartile AUM (₹615 Cr).
Established history (23+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderate.
1Y return: 5.00% (lower mid).
1M return: -2.10% (bottom quartile).
Sharpe: 0.31 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.86% (top quartile).
Modified duration: 9.06 yrs (bottom quartile).

Top 5 Dynamic Funds with 3 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Franklin India Dynamic Accrual Fund Growth	₹94.788 ↑ 0.84	₹99	2.4	22.4	31.9	11.7		0%		3M 18D
IIFL Dynamic Bond Fund Growth	₹22.7612 ↑ 0.01	₹669	0.3	4.8	8.8	7.9	9.6	7.03%		7Y 15D
ICICI Prudential Long Term Plan Growth	₹37.0845 ↓ 0.00	₹15,051	0.2	4	7.7	7.8	8.2	7.32%	3Y 8M 5D	9Y 7M 6D
Nippon India Dynamic Bond Fund Growth	₹37.4798 ↓ -0.01	₹4,629	-0.3	4.1	8.1	7.7	9	6.56%	4Y 4D	4Y 10M 24D
SBI Dynamic Bond Fund Growth	₹35.6393 ↑ 0.00	₹3,805	-1.3	3.3	6	7.6	8.6	6.83%	5Y 9M 11D	9Y 8M 12D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 7 Aug 22

Research Highlights & Commentary of 5 Funds showcased

Commentary	Franklin India Dynamic Accrual Fund	IIFL Dynamic Bond Fund	ICICI Prudential Long Term Plan	Nippon India Dynamic Bond Fund	SBI Dynamic Bond Fund
Point 1	Bottom quartile AUM (₹99 Cr).	Bottom quartile AUM (₹669 Cr).	Highest AUM (₹15,051 Cr).	Upper mid AUM (₹4,629 Cr).	Lower mid AUM (₹3,805 Cr).
Point 2	Oldest track record among peers (28 yrs).	Established history (12+ yrs).	Established history (15+ yrs).	Established history (20+ yrs).	Established history (21+ yrs).
Point 3	Rating: 1★ (lower mid).	Not Rated.	Top rated.	Not Rated.	Rating: 4★ (upper mid).
Point 4	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.
Point 5	1Y return: 31.90% (top quartile).	1Y return: 8.76% (upper mid).	1Y return: 7.75% (bottom quartile).	1Y return: 8.09% (lower mid).	1Y return: 5.97% (bottom quartile).
Point 6	1M return: 1.43% (top quartile).	1M return: -0.51% (upper mid).	1M return: -0.59% (lower mid).	1M return: -0.72% (bottom quartile).	1M return: -0.77% (bottom quartile).
Point 7	Sharpe: 1.19 (bottom quartile).	Sharpe: 1.72 (top quartile).	Sharpe: 1.53 (upper mid).	Sharpe: 1.34 (lower mid).	Sharpe: 0.30 (bottom quartile).
Point 8	Information ratio: 0.42 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 0.00% (bottom quartile).	Yield to maturity (debt): 7.03% (upper mid).	Yield to maturity (debt): 7.32% (top quartile).	Yield to maturity (debt): 6.56% (bottom quartile).	Yield to maturity (debt): 6.83% (lower mid).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 0.00 yrs (upper mid).	Modified duration: 3.68 yrs (lower mid).	Modified duration: 4.01 yrs (bottom quartile).	Modified duration: 5.78 yrs (bottom quartile).

Franklin India Dynamic Accrual Fund

Bottom quartile AUM (₹99 Cr).
Oldest track record among peers (28 yrs).
Rating: 1★ (lower mid).
Risk profile: Moderate.
1Y return: 31.90% (top quartile).
1M return: 1.43% (top quartile).
Sharpe: 1.19 (bottom 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 (₹669 Cr).
Established history (12+ yrs).
Not Rated.
Risk profile: Moderate.
1Y return: 8.76% (upper mid).
1M return: -0.51% (upper mid).
Sharpe: 1.72 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.03% (upper mid).
Modified duration: 0.00 yrs (upper mid).

ICICI Prudential Long Term Plan

Highest AUM (₹15,051 Cr).
Established history (15+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 7.75% (bottom quartile).
1M return: -0.59% (lower mid).
Sharpe: 1.53 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.32% (top quartile).
Modified duration: 3.68 yrs (lower mid).

Nippon India Dynamic Bond Fund

Upper mid AUM (₹4,629 Cr).
Established history (20+ yrs).
Not Rated.
Risk profile: Moderate.
1Y return: 8.09% (lower mid).
1M return: -0.72% (bottom quartile).
Sharpe: 1.34 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.56% (bottom quartile).
Modified duration: 4.01 yrs (bottom quartile).

SBI Dynamic Bond Fund

Lower mid AUM (₹3,805 Cr).
Established history (21+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
1Y return: 5.97% (bottom quartile).
1M return: -0.77% (bottom quartile).
Sharpe: 0.30 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.83% (lower mid).
Modified duration: 5.78 yrs (bottom quartile).

Best Equity Mutual Funds with Highest Returns 2025

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

Top 5 Large Cap Funds with 5 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
Nippon India Large Cap Fund Growth	₹91.4064 ↓ -0.61	₹44,165	4	13.1	3.3	20.2	23.7	18.2
ICICI Prudential Bluechip Fund Growth	₹110.84 ↓ -0.77	₹71,788	2.5	11.3	2.6	18.5	21.4	16.9
HDFC Top 100 Fund Growth	₹1,136.86 ↓ -7.09	₹38,117	1.8	8.4	-1.5	16.5	20.6	11.6
JM Core 11 Fund Growth	₹19.7027 ↓ -0.05	₹284	3.2	9.8	-6.3	19.4	19.4	24.3
Aditya Birla Sun Life Frontline Equity Fund Growth	₹527.05 ↓ -3.37	₹30,235	2.4	11.5	1.2	15.6	19.3	15.6
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Aug 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	Nippon India Large Cap Fund	ICICI Prudential Bluechip Fund	HDFC Top 100 Fund	JM Core 11 Fund	Aditya Birla Sun Life Frontline Equity Fund
Point 1	Upper mid AUM (₹44,165 Cr).	Highest AUM (₹71,788 Cr).	Lower mid AUM (₹38,117 Cr).	Bottom quartile AUM (₹284 Cr).	Bottom quartile AUM (₹30,235 Cr).
Point 2	Established history (18+ yrs).	Established history (17+ yrs).	Oldest track record among peers (28 yrs).	Established history (17+ yrs).	Established history (22+ yrs).
Point 3	Top rated.	Rating: 4★ (upper mid).	Rating: 3★ (bottom quartile).	Rating: 4★ (lower mid).	Rating: 4★ (bottom quartile).
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: High.	Risk profile: Moderately High.
Point 5	5Y return: 23.72% (top quartile).	5Y return: 21.39% (upper mid).	5Y return: 20.57% (lower mid).	5Y return: 19.44% (bottom quartile).	5Y return: 19.26% (bottom quartile).
Point 6	3Y return: 20.18% (top quartile).	3Y return: 18.52% (lower mid).	3Y return: 16.50% (bottom quartile).	3Y return: 19.42% (upper mid).	3Y return: 15.64% (bottom quartile).
Point 7	1Y return: 3.25% (top quartile).	1Y return: 2.65% (upper mid).	1Y return: -1.49% (bottom quartile).	1Y return: -6.31% (bottom quartile).	1Y return: 1.25% (lower mid).
Point 8	Alpha: 0.61 (lower mid).	Alpha: 1.58 (top quartile).	Alpha: -2.13 (bottom quartile).	Alpha: -4.99 (bottom quartile).	Alpha: 1.34 (upper mid).
Point 9	Sharpe: -0.37 (upper mid).	Sharpe: -0.35 (top quartile).	Sharpe: -0.64 (bottom quartile).	Sharpe: -0.75 (bottom quartile).	Sharpe: -0.38 (lower mid).
Point 10	Information ratio: 1.84 (top quartile).	Information ratio: 1.50 (upper mid).	Information ratio: 0.96 (lower mid).	Information ratio: 0.40 (bottom quartile).	Information ratio: 0.80 (bottom quartile).

Nippon India Large Cap Fund

Upper mid AUM (₹44,165 Cr).
Established history (18+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 23.72% (top quartile).
3Y return: 20.18% (top quartile).
1Y return: 3.25% (top quartile).
Alpha: 0.61 (lower mid).
Sharpe: -0.37 (upper mid).
Information ratio: 1.84 (top quartile).

ICICI Prudential Bluechip Fund

Highest AUM (₹71,788 Cr).
Established history (17+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 21.39% (upper mid).
3Y return: 18.52% (lower mid).
1Y return: 2.65% (upper mid).
Alpha: 1.58 (top quartile).
Sharpe: -0.35 (top quartile).
Information ratio: 1.50 (upper mid).

HDFC Top 100 Fund

Lower mid AUM (₹38,117 Cr).
Oldest track record among peers (28 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 20.57% (lower mid).
3Y return: 16.50% (bottom quartile).
1Y return: -1.49% (bottom quartile).
Alpha: -2.13 (bottom quartile).
Sharpe: -0.64 (bottom quartile).
Information ratio: 0.96 (lower mid).

JM Core 11 Fund

Bottom quartile AUM (₹284 Cr).
Established history (17+ yrs).
Rating: 4★ (lower mid).
Risk profile: High.
5Y return: 19.44% (bottom quartile).
3Y return: 19.42% (upper mid).
1Y return: -6.31% (bottom quartile).
Alpha: -4.99 (bottom quartile).
Sharpe: -0.75 (bottom quartile).
Information ratio: 0.40 (bottom quartile).

Aditya Birla Sun Life Frontline Equity Fund

Bottom quartile AUM (₹30,235 Cr).
Established history (22+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 19.26% (bottom quartile).
3Y return: 15.64% (bottom quartile).
1Y return: 1.25% (lower mid).
Alpha: 1.34 (upper mid).
Sharpe: -0.38 (lower mid).
Information ratio: 0.80 (bottom quartile).

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

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
Motilal Oswal Midcap 30 Fund Growth	₹104.433 ↑ 0.32	₹33,609	6.3	13.4	2.9	29	33.4	57.1
Nippon India Small Cap Fund Growth	₹168.776 ↓ -0.66	₹65,922	3.4	14.9	-5.6	24.9	32.7	26.1
HDFC Small Cap Fund Growth	₹141.949 ↓ -0.80	₹36,353	6.7	17.9	0.7	24.9	30.1	20.4
Franklin India Smaller Companies Fund Growth	₹169.49 ↓ -0.81	₹13,825	0.4	13.3	-8.5	24.5	29.7	23.2
Edelweiss Mid Cap Fund Growth	₹101.788 ↓ -0.02	₹11,027	5.2	17.5	3.8	25.8	29.2	38.9
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Aug 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	Motilal Oswal Midcap 30 Fund	Nippon India Small Cap Fund	HDFC Small Cap Fund	Franklin India Smaller Companies Fund	Edelweiss Mid Cap Fund
Point 1	Lower mid AUM (₹33,609 Cr).	Highest AUM (₹65,922 Cr).	Upper mid AUM (₹36,353 Cr).	Bottom quartile AUM (₹13,825 Cr).	Bottom quartile AUM (₹11,027 Cr).
Point 2	Established history (11+ yrs).	Established history (14+ yrs).	Established history (17+ yrs).	Oldest track record among peers (19 yrs).	Established history (17+ yrs).
Point 3	Rating: 3★ (bottom quartile).	Top rated.	Rating: 4★ (upper mid).	Rating: 4★ (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: 33.41% (top quartile).	5Y return: 32.70% (upper mid).	5Y return: 30.15% (lower mid).	5Y return: 29.71% (bottom quartile).	5Y return: 29.24% (bottom quartile).
Point 6	3Y return: 28.96% (top quartile).	3Y return: 24.89% (lower mid).	3Y return: 24.86% (bottom quartile).	3Y return: 24.45% (bottom quartile).	3Y return: 25.78% (upper mid).
Point 7	1Y return: 2.91% (upper mid).	1Y return: -5.62% (bottom quartile).	1Y return: 0.67% (lower mid).	1Y return: -8.46% (bottom quartile).	1Y return: 3.84% (top quartile).
Point 8	Alpha: 3.70 (upper mid).	Alpha: -3.84 (bottom quartile).	Alpha: 0.00 (lower mid).	Alpha: -5.51 (bottom quartile).	Alpha: 5.32 (top quartile).
Point 9	Sharpe: -0.11 (upper mid).	Sharpe: -0.51 (bottom quartile).	Sharpe: -0.17 (lower mid).	Sharpe: -0.59 (bottom quartile).	Sharpe: -0.06 (top quartile).
Point 10	Information ratio: 0.44 (top quartile).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).	Information ratio: -0.06 (bottom quartile).	Information ratio: 0.20 (upper mid).

Motilal Oswal Midcap 30 Fund

Lower mid AUM (₹33,609 Cr).
Established history (11+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 33.41% (top quartile).
3Y return: 28.96% (top quartile).
1Y return: 2.91% (upper mid).
Alpha: 3.70 (upper mid).
Sharpe: -0.11 (upper mid).
Information ratio: 0.44 (top quartile).

Nippon India Small Cap Fund

Highest AUM (₹65,922 Cr).
Established history (14+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 32.70% (upper mid).
3Y return: 24.89% (lower mid).
1Y return: -5.62% (bottom quartile).
Alpha: -3.84 (bottom quartile).
Sharpe: -0.51 (bottom quartile).
Information ratio: 0.00 (lower mid).

HDFC Small Cap Fund

Upper mid AUM (₹36,353 Cr).
Established history (17+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 30.15% (lower mid).
3Y return: 24.86% (bottom quartile).
1Y return: 0.67% (lower mid).
Alpha: 0.00 (lower mid).
Sharpe: -0.17 (lower mid).
Information ratio: 0.00 (bottom quartile).

Franklin India Smaller Companies Fund

Bottom quartile AUM (₹13,825 Cr).
Oldest track record among peers (19 yrs).
Rating: 4★ (lower mid).
Risk profile: Moderately High.
5Y return: 29.71% (bottom quartile).
3Y return: 24.45% (bottom quartile).
1Y return: -8.46% (bottom quartile).
Alpha: -5.51 (bottom quartile).
Sharpe: -0.59 (bottom quartile).
Information ratio: -0.06 (bottom quartile).

Edelweiss Mid Cap Fund

Bottom quartile AUM (₹11,027 Cr).
Established history (17+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: High.
5Y return: 29.24% (bottom quartile).
3Y return: 25.78% (upper mid).
1Y return: 3.84% (top quartile).
Alpha: 5.32 (top quartile).
Sharpe: -0.06 (top quartile).
Information ratio: 0.20 (upper 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	₹301.72 ↓ -1.51	₹45,881	4.7	16.5	2.2	24.4	29.2	25.8
HDFC Equity Fund Growth	₹1,998.34 ↓ -13.50	₹80,642	3	11.9	7.3	23	27.3	23.5
Mahindra Badhat Yojana Growth	₹35.2658 ↓ -0.14	₹5,727	3.9	14	-2.2	20.7	25.2	23.4
JM Multicap Fund Growth	₹97.4333 ↓ -0.68	₹5,957	1.4	7.9	-9.6	22.9	25.1	33.3
Franklin India Equity Fund Growth	₹1,634.52 ↓ -9.23	₹18,988	1.4	10.6	0	19.5	24	21.8
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Aug 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	Nippon India Multi Cap Fund	HDFC Equity Fund	Mahindra Badhat Yojana	JM Multicap Fund	Franklin India Equity Fund
Point 1	Upper mid AUM (₹45,881 Cr).	Highest AUM (₹80,642 Cr).	Bottom quartile AUM (₹5,727 Cr).	Bottom quartile AUM (₹5,957 Cr).	Lower mid AUM (₹18,988 Cr).
Point 2	Established history (20+ yrs).	Oldest track record among peers (30 yrs).	Established history (8+ yrs).	Established history (16+ yrs).	Established history (30+ yrs).
Point 3	Rating: 2★ (bottom quartile).	Rating: 3★ (upper mid).	Not Rated.	Top rated.	Rating: 3★ (lower mid).
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 29.18% (top quartile).	5Y return: 27.28% (upper mid).	5Y return: 25.15% (lower mid).	5Y return: 25.11% (bottom quartile).	5Y return: 24.01% (bottom quartile).
Point 6	3Y return: 24.44% (top quartile).	3Y return: 23.02% (upper mid).	3Y return: 20.72% (bottom quartile).	3Y return: 22.91% (lower mid).	3Y return: 19.47% (bottom quartile).
Point 7	1Y return: 2.23% (upper mid).	1Y return: 7.31% (top quartile).	1Y return: -2.25% (bottom quartile).	1Y return: -9.56% (bottom quartile).	1Y return: -0.05% (lower mid).
Point 8	Alpha: 2.00 (upper mid).	Alpha: 4.65 (top quartile).	Alpha: 1.26 (lower mid).	Alpha: -9.56 (bottom quartile).	Alpha: 0.62 (bottom quartile).
Point 9	Sharpe: -0.27 (upper mid).	Sharpe: -0.02 (top quartile).	Sharpe: -0.32 (lower mid).	Sharpe: -1.04 (bottom quartile).	Sharpe: -0.39 (bottom quartile).
Point 10	Information ratio: 0.95 (lower mid).	Information ratio: 1.60 (top quartile).	Information ratio: 0.35 (bottom quartile).	Information ratio: 0.94 (bottom quartile).	Information ratio: 1.16 (upper mid).

Nippon India Multi Cap Fund

Upper mid AUM (₹45,881 Cr).
Established history (20+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 29.18% (top quartile).
3Y return: 24.44% (top quartile).
1Y return: 2.23% (upper mid).
Alpha: 2.00 (upper mid).
Sharpe: -0.27 (upper mid).
Information ratio: 0.95 (lower mid).

HDFC Equity Fund

Highest AUM (₹80,642 Cr).
Oldest track record among peers (30 yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 27.28% (upper mid).
3Y return: 23.02% (upper mid).
1Y return: 7.31% (top quartile).
Alpha: 4.65 (top quartile).
Sharpe: -0.02 (top quartile).
Information ratio: 1.60 (top quartile).

Mahindra Badhat Yojana

Bottom quartile AUM (₹5,727 Cr).
Established history (8+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 25.15% (lower mid).
3Y return: 20.72% (bottom quartile).
1Y return: -2.25% (bottom quartile).
Alpha: 1.26 (lower mid).
Sharpe: -0.32 (lower mid).
Information ratio: 0.35 (bottom quartile).

JM Multicap Fund

Bottom quartile AUM (₹5,957 Cr).
Established history (16+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 25.11% (bottom quartile).
3Y return: 22.91% (lower mid).
1Y return: -9.56% (bottom quartile).
Alpha: -9.56 (bottom quartile).
Sharpe: -1.04 (bottom quartile).
Information ratio: 0.94 (bottom quartile).

Franklin India Equity Fund

Lower mid AUM (₹18,988 Cr).
Established history (30+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 24.01% (bottom quartile).
3Y return: 19.47% (bottom quartile).
1Y return: -0.05% (lower mid).
Alpha: 0.62 (bottom quartile).
Sharpe: -0.39 (bottom quartile).
Information ratio: 1.16 (upper mid).

Top 5 Sector Funds with 5 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
ICICI Prudential Infrastructure Fund Growth	₹194.04 ↓ -0.92	₹7,941	1.6	13.7	0.9	29.9	33.8	27.4
Franklin Build India Fund Growth	₹141.471 ↓ -0.64	₹2,950	3	15	-2.3	29	31.9	27.8
HDFC Infrastructure Fund Growth	₹47.597 ↓ -0.23	₹2,540	1.4	16	-2.7	29.8	31.9	23
DSP India T.I.G.E.R Fund Growth	₹313.79 ↓ -0.66	₹5,406	3.5	15.2	-7.5	27.7	31.8	32.4
Bandhan Infrastructure Fund Growth	₹49.694 ↓ -0.29	₹1,676	-0.7	14.5	-11.4	28.1	31.5	39.3
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Aug 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	ICICI Prudential Infrastructure Fund	Franklin Build India Fund	HDFC Infrastructure Fund	DSP India T.I.G.E.R Fund	Bandhan Infrastructure Fund
Point 1	Highest AUM (₹7,941 Cr).	Lower mid AUM (₹2,950 Cr).	Bottom quartile AUM (₹2,540 Cr).	Upper mid AUM (₹5,406 Cr).	Bottom quartile AUM (₹1,676 Cr).
Point 2	Established history (19+ yrs).	Established history (15+ yrs).	Established history (17+ yrs).	Oldest track record among peers (21 yrs).	Established history (14+ yrs).
Point 3	Rating: 3★ (bottom quartile).	Top rated.	Rating: 3★ (bottom quartile).	Rating: 4★ (lower mid).	Rating: 5★ (upper mid).
Point 4	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.
Point 5	5Y return: 33.78% (top quartile).	5Y return: 31.94% (upper mid).	5Y return: 31.87% (lower mid).	5Y return: 31.78% (bottom quartile).	5Y return: 31.45% (bottom quartile).
Point 6	3Y return: 29.94% (top quartile).	3Y return: 28.97% (lower mid).	3Y return: 29.85% (upper mid).	3Y return: 27.71% (bottom quartile).	3Y return: 28.08% (bottom quartile).
Point 7	1Y return: 0.94% (top quartile).	1Y return: -2.30% (upper mid).	1Y return: -2.67% (lower mid).	1Y return: -7.55% (bottom quartile).	1Y return: -11.37% (bottom quartile).
Point 8	Alpha: 0.00 (top quartile).	Alpha: 0.00 (upper mid).	Alpha: 0.00 (lower mid).	Alpha: 0.00 (bottom quartile).	Alpha: 0.00 (bottom quartile).
Point 9	Sharpe: -0.42 (top quartile).	Sharpe: -0.51 (upper mid).	Sharpe: -0.56 (lower mid).	Sharpe: -0.65 (bottom quartile).	Sharpe: -0.69 (bottom quartile).
Point 10	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).	Information ratio: 0.00 (bottom quartile).

ICICI Prudential Infrastructure Fund

Highest AUM (₹7,941 Cr).
Established history (19+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: High.
5Y return: 33.78% (top quartile).
3Y return: 29.94% (top quartile).
1Y return: 0.94% (top quartile).
Alpha: 0.00 (top quartile).
Sharpe: -0.42 (top quartile).
Information ratio: 0.00 (top quartile).

Franklin Build India Fund

Lower mid AUM (₹2,950 Cr).
Established history (15+ yrs).
Top rated.
Risk profile: High.
5Y return: 31.94% (upper mid).
3Y return: 28.97% (lower mid).
1Y return: -2.30% (upper mid).
Alpha: 0.00 (upper mid).
Sharpe: -0.51 (upper mid).
Information ratio: 0.00 (upper mid).

HDFC Infrastructure Fund

Bottom quartile AUM (₹2,540 Cr).
Established history (17+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: High.
5Y return: 31.87% (lower mid).
3Y return: 29.85% (upper mid).
1Y return: -2.67% (lower mid).
Alpha: 0.00 (lower mid).
Sharpe: -0.56 (lower mid).
Information ratio: 0.00 (lower mid).

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

Upper mid AUM (₹5,406 Cr).
Oldest track record among peers (21 yrs).
Rating: 4★ (lower mid).
Risk profile: High.
5Y return: 31.78% (bottom quartile).
3Y return: 27.71% (bottom quartile).
1Y return: -7.55% (bottom quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: -0.65 (bottom quartile).
Information ratio: 0.00 (bottom quartile).

Bandhan Infrastructure Fund

Bottom quartile AUM (₹1,676 Cr).
Established history (14+ yrs).
Rating: 5★ (upper mid).
Risk profile: High.
5Y return: 31.45% (bottom quartile).
3Y return: 28.08% (bottom quartile).
1Y return: -11.37% (bottom quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: -0.69 (bottom quartile).
Information ratio: 0.00 (bottom quartile).

Best Hybrid Mutual Funds with Highest Returns 2025

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

Top 5 Hybrid Debt Funds with 3 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
ICICI Prudential MIP 25 Growth	₹76.4091 ↓ -0.09	₹3,237	2.1	6.4	7.2	10.3	10	11.4
HDFC Hybrid Debt Fund Growth	₹81.6347 ↓ -0.15	₹3,388	-0.9	4.1	3.6	10.3	11	10.5
Kotak Debt Hybrid Fund Growth	₹58.0529 ↓ -0.09	₹3,130	-0.7	4.1	3.1	10.1	10.9	11.4
SBI Debt Hybrid Fund Growth	₹72.841 ↓ -0.12	₹9,799	1.3	6.2	5.2	10.1	11.3	11
DSP Regular Savings Fund Growth	₹58.7307 ↓ -0.06	₹178	0.4	5.5	6.5	9.9	9.1	11
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Aug 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	ICICI Prudential MIP 25	HDFC Hybrid Debt Fund	Kotak Debt Hybrid Fund	SBI Debt Hybrid Fund	DSP Regular Savings Fund
Point 1	Lower mid AUM (₹3,237 Cr).	Upper mid AUM (₹3,388 Cr).	Bottom quartile AUM (₹3,130 Cr).	Highest AUM (₹9,799 Cr).	Bottom quartile AUM (₹178 Cr).
Point 2	Established history (21+ yrs).	Established history (21+ yrs).	Established history (21+ yrs).	Oldest track record among peers (24 yrs).	Established history (21+ yrs).
Point 3	Top rated.	Rating: 4★ (lower mid).	Rating: 4★ (bottom quartile).	Rating: 5★ (upper mid).	Rating: 3★ (bottom quartile).
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderately High.
Point 5	5Y return: 10.05% (bottom quartile).	5Y return: 10.98% (upper mid).	5Y return: 10.85% (lower mid).	5Y return: 11.26% (top quartile).	5Y return: 9.11% (bottom quartile).
Point 6	3Y return: 10.32% (top quartile).	3Y return: 10.28% (upper mid).	3Y return: 10.13% (lower mid).	3Y return: 10.13% (bottom quartile).	3Y return: 9.90% (bottom quartile).
Point 7	1Y return: 7.21% (top quartile).	1Y return: 3.65% (bottom quartile).	1Y return: 3.10% (bottom quartile).	1Y return: 5.20% (lower mid).	1Y return: 6.50% (upper mid).
Point 8	1M return: 0.35% (top quartile).	1M return: -1.05% (bottom quartile).	1M return: -1.35% (bottom quartile).	1M return: -0.39% (upper mid).	1M return: -0.51% (lower mid).
Point 9	Alpha: 0.00 (top quartile).	Alpha: 0.00 (upper mid).	Alpha: -2.38 (bottom quartile).	Alpha: 0.00 (lower mid).	Alpha: -0.12 (bottom quartile).
Point 10	Sharpe: 0.25 (top quartile).	Sharpe: -0.43 (bottom quartile).	Sharpe: -0.24 (bottom quartile).	Sharpe: -0.23 (lower mid).	Sharpe: 0.15 (upper mid).

ICICI Prudential MIP 25

Lower mid AUM (₹3,237 Cr).
Established history (21+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 10.05% (bottom quartile).
3Y return: 10.32% (top quartile).
1Y return: 7.21% (top quartile).
1M return: 0.35% (top quartile).
Alpha: 0.00 (top quartile).
Sharpe: 0.25 (top quartile).

HDFC Hybrid Debt Fund

Upper mid AUM (₹3,388 Cr).
Established history (21+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderately High.
5Y return: 10.98% (upper mid).
3Y return: 10.28% (upper mid).
1Y return: 3.65% (bottom quartile).
1M return: -1.05% (bottom quartile).
Alpha: 0.00 (upper mid).
Sharpe: -0.43 (bottom quartile).

Kotak Debt Hybrid Fund

Bottom quartile AUM (₹3,130 Cr).
Established history (21+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderate.
5Y return: 10.85% (lower mid).
3Y return: 10.13% (lower mid).
1Y return: 3.10% (bottom quartile).
1M return: -1.35% (bottom quartile).
Alpha: -2.38 (bottom quartile).
Sharpe: -0.24 (bottom quartile).

SBI Debt Hybrid Fund

Highest AUM (₹9,799 Cr).
Oldest track record among peers (24 yrs).
Rating: 5★ (upper mid).
Risk profile: Moderate.
5Y return: 11.26% (top quartile).
3Y return: 10.13% (bottom quartile).
1Y return: 5.20% (lower mid).
1M return: -0.39% (upper mid).
Alpha: 0.00 (lower mid).
Sharpe: -0.23 (lower mid).

DSP Regular Savings Fund

Bottom quartile AUM (₹178 Cr).
Established history (21+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 9.11% (bottom quartile).
3Y return: 9.90% (bottom quartile).
1Y return: 6.50% (upper mid).
1M return: -0.51% (lower mid).
Alpha: -0.12 (bottom quartile).
Sharpe: 0.15 (upper mid).

Top 5 Hybrid Equity Funds with 3 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
JM Equity Hybrid Fund Growth	₹119.841 ↓ -0.27	₹841	2.5	7.1	-7.2	20.9	21	27
BOI AXA Mid and Small Cap Equity and Debt Fund Growth	₹37.97 ↓ -0.03	₹1,258	2	12.8	-3.7	20.1	23.4	25.8
ICICI Prudential Equity and Debt Fund Growth	₹396.57 ↓ -1.42	₹44,605	3.1	11.4	5.9	19.9	24.2	17.2
UTI Hybrid Equity Fund Growth	₹401.594 ↓ -1.87	₹6,422	0.7	7.3	0.7	16.5	19.4	19.7
Sundaram Equity Hybrid Fund Growth	₹135.137 ↑ 0.78	₹1,954	0.5	10.5	27.1	16	14.2
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Aug 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	JM Equity Hybrid Fund	BOI AXA Mid and Small Cap Equity and Debt Fund	ICICI Prudential Equity and Debt Fund	UTI Hybrid Equity Fund	Sundaram Equity Hybrid Fund
Point 1	Bottom quartile AUM (₹841 Cr).	Bottom quartile AUM (₹1,258 Cr).	Highest AUM (₹44,605 Cr).	Upper mid AUM (₹6,422 Cr).	Lower mid AUM (₹1,954 Cr).
Point 2	Oldest track record among peers (30 yrs).	Established history (9+ yrs).	Established history (25+ yrs).	Established history (30+ yrs).	Established history (25+ yrs).
Point 3	Rating: 1★ (bottom quartile).	Not Rated.	Top rated.	Rating: 3★ (upper mid).	Rating: 2★ (lower mid).
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 21.04% (lower mid).	5Y return: 23.36% (upper mid).	5Y return: 24.22% (top quartile).	5Y return: 19.45% (bottom quartile).	5Y return: 14.20% (bottom quartile).
Point 6	3Y return: 20.86% (top quartile).	3Y return: 20.13% (upper mid).	3Y return: 19.91% (lower mid).	3Y return: 16.51% (bottom quartile).	3Y return: 16.03% (bottom quartile).
Point 7	1Y return: -7.24% (bottom quartile).	1Y return: -3.65% (bottom quartile).	1Y return: 5.92% (upper mid).	1Y return: 0.74% (lower mid).	1Y return: 27.10% (top quartile).
Point 8	1M return: -2.20% (bottom quartile).	1M return: -2.14% (bottom quartile).	1M return: 1.17% (upper mid).	1M return: -1.50% (lower mid).	1M return: 1.80% (top quartile).
Point 9	Alpha: -7.43 (bottom quartile).	Alpha: 0.00 (lower mid).	Alpha: 2.01 (upper mid).	Alpha: -0.36 (bottom quartile).	Alpha: 5.81 (top quartile).
Point 10	Sharpe: -0.92 (bottom quartile).	Sharpe: -0.38 (lower mid).	Sharpe: -0.18 (upper mid).	Sharpe: -0.42 (bottom quartile).	Sharpe: 2.64 (top quartile).

JM Equity Hybrid Fund

Bottom quartile AUM (₹841 Cr).
Oldest track record among peers (30 yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 21.04% (lower mid).
3Y return: 20.86% (top quartile).
1Y return: -7.24% (bottom quartile).
1M return: -2.20% (bottom quartile).
Alpha: -7.43 (bottom quartile).
Sharpe: -0.92 (bottom quartile).

BOI AXA Mid and Small Cap Equity and Debt Fund

Bottom quartile AUM (₹1,258 Cr).
Established history (9+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 23.36% (upper mid).
3Y return: 20.13% (upper mid).
1Y return: -3.65% (bottom quartile).
1M return: -2.14% (bottom quartile).
Alpha: 0.00 (lower mid).
Sharpe: -0.38 (lower mid).

ICICI Prudential Equity and Debt Fund

Highest AUM (₹44,605 Cr).
Established history (25+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 24.22% (top quartile).
3Y return: 19.91% (lower mid).
1Y return: 5.92% (upper mid).
1M return: 1.17% (upper mid).
Alpha: 2.01 (upper mid).
Sharpe: -0.18 (upper mid).

UTI Hybrid Equity Fund

Upper mid AUM (₹6,422 Cr).
Established history (30+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 19.45% (bottom quartile).
3Y return: 16.51% (bottom quartile).
1Y return: 0.74% (lower mid).
1M return: -1.50% (lower mid).
Alpha: -0.36 (bottom quartile).
Sharpe: -0.42 (bottom quartile).

Sundaram Equity Hybrid Fund

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

Best Gold Funds with 3 Year Highest Returns 2025

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

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
SBI Gold Fund Growth	₹29.1297 ↓ 0.00	₹4,740	3.4	14.4	36.5	23.1	12.4	19.6
HDFC Gold Fund Growth	₹29.7654 ↓ 0.00	₹4,537	3.3	14	36.1	23	12.2	18.9
Nippon India Gold Savings Fund Growth	₹38.1363 ↑ 0.03	₹3,248	3.4	14.4	36.2	23	12.2	19
ICICI Prudential Regular Gold Savings Fund Growth	₹30.8553 ↓ 0.00	₹2,384	3.6	14.6	36.4	22.9	12.2	19.5
IDBI Gold Fund Growth	₹25.9803 ↑ 0.04	₹214	3.3	14.4	36.5	22.9	12.1	18.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Aug 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	SBI Gold Fund	HDFC Gold Fund	Nippon India Gold Savings Fund	ICICI Prudential Regular Gold Savings Fund	IDBI Gold Fund
Point 1	Highest AUM (₹4,740 Cr).	Upper mid AUM (₹4,537 Cr).	Lower mid AUM (₹3,248 Cr).	Bottom quartile AUM (₹2,384 Cr).	Bottom quartile AUM (₹214 Cr).
Point 2	Established history (13+ yrs).	Established history (13+ yrs).	Oldest track record among peers (14 yrs).	Established history (13+ yrs).	Established history (13+ yrs).
Point 3	Top rated.	Rating: 1★ (lower mid).	Rating: 2★ (upper mid).	Rating: 1★ (bottom quartile).	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: 12.40% (top quartile).	5Y return: 12.22% (lower mid).	5Y return: 12.15% (bottom quartile).	5Y return: 12.25% (upper mid).	5Y return: 12.09% (bottom quartile).
Point 6	3Y return: 23.13% (top quartile).	3Y return: 22.96% (upper mid).	3Y return: 22.95% (lower mid).	3Y return: 22.91% (bottom quartile).	3Y return: 22.89% (bottom quartile).
Point 7	1Y return: 36.47% (upper mid).	1Y return: 36.11% (bottom quartile).	1Y return: 36.19% (bottom quartile).	1Y return: 36.39% (lower mid).	1Y return: 36.49% (top quartile).
Point 8	1M return: -0.24% (lower mid).	1M return: -0.27% (bottom quartile).	1M return: -0.21% (upper mid).	1M return: -0.26% (bottom quartile).	1M return: 0.25% (top 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: 2.53 (top quartile).	Sharpe: 2.50 (lower mid).	Sharpe: 2.48 (bottom quartile).	Sharpe: 2.50 (upper mid).	Sharpe: 2.25 (bottom quartile).

SBI Gold Fund

Highest AUM (₹4,740 Cr).
Established history (13+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 12.40% (top quartile).
3Y return: 23.13% (top quartile).
1Y return: 36.47% (upper mid).
1M return: -0.24% (lower mid).
Alpha: 0.00 (top quartile).
Sharpe: 2.53 (top quartile).

HDFC Gold Fund

Upper mid AUM (₹4,537 Cr).
Established history (13+ yrs).
Rating: 1★ (lower mid).
Risk profile: Moderately High.
5Y return: 12.22% (lower mid).
3Y return: 22.96% (upper mid).
1Y return: 36.11% (bottom quartile).
1M return: -0.27% (bottom quartile).
Alpha: 0.00 (upper mid).
Sharpe: 2.50 (lower mid).

Nippon India Gold Savings Fund

Lower mid AUM (₹3,248 Cr).
Oldest track record among peers (14 yrs).
Rating: 2★ (upper mid).
Risk profile: Moderately High.
5Y return: 12.15% (bottom quartile).
3Y return: 22.95% (lower mid).
1Y return: 36.19% (bottom quartile).
1M return: -0.21% (upper mid).
Alpha: 0.00 (lower mid).
Sharpe: 2.48 (bottom quartile).

ICICI Prudential Regular Gold Savings Fund

Bottom quartile AUM (₹2,384 Cr).
Established history (13+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 12.25% (upper mid).
3Y return: 22.91% (bottom quartile).
1Y return: 36.39% (lower mid).
1M return: -0.26% (bottom quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: 2.50 (upper mid).

IDBI Gold Fund

Bottom quartile AUM (₹214 Cr).
Established history (13+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 12.09% (bottom quartile).
3Y return: 22.89% (bottom quartile).
1Y return: 36.49% (top quartile).
1M return: 0.25% (top quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: 2.25 (bottom quartile).

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