Best Mutual Funds with Highest Returns 2025

Updated on December 3, 2025 , 16045 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
Axis Liquid Fund Growth	₹2,980 ↑ 0.84	₹35,360	0.5	1.4	2.9	6.6	7.4	6%	1M 6D	1M 8D
BOI AXA Liquid Fund Growth	₹3,082.98 ↑ 0.48	₹1,513	0.5	1.5	2.9	6.6	7.4	5.95%	1M 10D	1M 10D
Indiabulls Liquid Fund Growth	₹2,588.03 ↑ 0.58	₹155	0.5	1.4	2.9	6.6	7.4	6.03%	1M 9D	1M 9D
Edelweiss Liquid Fund Growth	₹3,422.88 ↑ 1.02	₹10,621	0.5	1.5	2.9	6.6	7.3	5.98%	2M 5D	2M 5D
PGIM India Insta Cash Fund Growth	₹348.388 ↑ 0.10	₹573	0.5	1.4	2.9	6.6	7.3	5.95%	1M 2D	1M 2D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 5 Dec 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	Axis Liquid Fund	BOI AXA Liquid Fund	Indiabulls Liquid Fund	Edelweiss Liquid Fund	PGIM India Insta Cash Fund
Point 1	Highest AUM (₹35,360 Cr).	Lower mid AUM (₹1,513 Cr).	Bottom quartile AUM (₹155 Cr).	Upper mid AUM (₹10,621 Cr).	Bottom quartile AUM (₹573 Cr).
Point 2	Established history (16+ yrs).	Established history (17+ yrs).	Established history (14+ yrs).	Oldest track record among peers (18 yrs).	Established history (18+ yrs).
Point 3	Rating: 4★ (lower mid).	Rating: 3★ (bottom quartile).	Top rated.	Rating: 2★ (bottom quartile).	Rating: 5★ (upper mid).
Point 4	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.
Point 5	1Y return: 6.64% (top quartile).	1Y return: 6.63% (upper mid).	1Y return: 6.62% (lower mid).	1Y return: 6.62% (bottom quartile).	1Y return: 6.61% (bottom quartile).
Point 6	1M return: 0.48% (lower mid).	1M return: 0.48% (top quartile).	1M return: 0.47% (bottom quartile).	1M return: 0.48% (upper mid).	1M return: 0.47% (bottom quartile).
Point 7	Sharpe: 3.13 (lower mid).	Sharpe: 3.61 (top quartile).	Sharpe: 2.76 (bottom quartile).	Sharpe: 3.25 (upper mid).	Sharpe: 2.91 (bottom quartile).
Point 8	Information ratio: 0.00 (upper mid).	Information ratio: 1.09 (top quartile).	Information ratio: -1.01 (bottom quartile).	Information ratio: 0.00 (lower mid).	Information ratio: -0.36 (bottom quartile).
Point 9	Yield to maturity (debt): 6.00% (upper mid).	Yield to maturity (debt): 5.95% (bottom quartile).	Yield to maturity (debt): 6.03% (top quartile).	Yield to maturity (debt): 5.98% (lower mid).	Yield to maturity (debt): 5.95% (bottom quartile).
Point 10	Modified duration: 0.10 yrs (upper mid).	Modified duration: 0.11 yrs (bottom quartile).	Modified duration: 0.11 yrs (lower mid).	Modified duration: 0.18 yrs (bottom quartile).	Modified duration: 0.09 yrs (top quartile).

Axis Liquid Fund

Highest AUM (₹35,360 Cr).
Established history (16+ yrs).
Rating: 4★ (lower mid).
Risk profile: Low.
1Y return: 6.64% (top quartile).
1M return: 0.48% (lower mid).
Sharpe: 3.13 (lower mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.00% (upper mid).
Modified duration: 0.10 yrs (upper mid).

BOI AXA Liquid Fund

Lower mid AUM (₹1,513 Cr).
Established history (17+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.63% (upper mid).
1M return: 0.48% (top quartile).
Sharpe: 3.61 (top quartile).
Information ratio: 1.09 (top quartile).
Yield to maturity (debt): 5.95% (bottom quartile).
Modified duration: 0.11 yrs (bottom quartile).

Indiabulls Liquid Fund

Bottom quartile AUM (₹155 Cr).
Established history (14+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.62% (lower mid).
1M return: 0.47% (bottom quartile).
Sharpe: 2.76 (bottom quartile).
Information ratio: -1.01 (bottom quartile).
Yield to maturity (debt): 6.03% (top quartile).
Modified duration: 0.11 yrs (lower mid).

Edelweiss Liquid Fund

Upper mid AUM (₹10,621 Cr).
Oldest track record among peers (18 yrs).
Rating: 2★ (bottom quartile).
Risk profile: Low.
1Y return: 6.62% (bottom quartile).
1M return: 0.48% (upper mid).
Sharpe: 3.25 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 5.98% (lower mid).
Modified duration: 0.18 yrs (bottom quartile).

PGIM India Insta Cash Fund

Bottom quartile AUM (₹573 Cr).
Established history (18+ yrs).
Rating: 5★ (upper mid).
Risk profile: Low.
1Y return: 6.61% (bottom quartile).
1M return: 0.47% (bottom quartile).
Sharpe: 2.91 (bottom quartile).
Information ratio: -0.36 (bottom quartile).
Yield to maturity (debt): 5.95% (bottom quartile).
Modified duration: 0.09 yrs (top quartile).

Top 5 Ultra Short Term Funds with 1 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	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	₹564.337 ↑ 0.16	₹22,389	1.6	3.3	7.6	7.5	7.9	6.81%	5M 19D	6M 22D
ICICI Prudential Ultra Short Term Fund Growth	₹28.471 ↑ 0.01	₹17,841	1.6	3.1	7.2	7.2	7.5	6.64%	4M 24D	6M 11D
SBI Magnum Ultra Short Duration Fund Growth	₹6,136.44 ↑ 2.24	₹14,505	1.5	3.1	7.1	7.2	7.4	6.39%	4M 20D	5M 26D
Invesco India Ultra Short Term Fund Growth	₹2,766.91 ↑ 0.93	₹1,259	1.4	3	6.9	7	7.5	6.37%	4M 23D	5M 2D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 7 Aug 22

Research Highlights & Commentary of 5 Funds showcased

Commentary	Franklin India Ultra Short Bond Fund - Super Institutional Plan	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 (₹22,389 Cr).	Upper mid AUM (₹17,841 Cr).	Lower mid AUM (₹14,505 Cr).	Bottom quartile AUM (₹1,259 Cr).
Point 2	Established history (17+ yrs).	Established history (22+ yrs).	Established history (14+ yrs).	Oldest track record among peers (26 yrs).	Established history (14+ yrs).
Point 3	Rating: 1★ (bottom quartile).	Top rated.	Rating: 3★ (upper mid).	Rating: 3★ (lower mid).	Rating: 3★ (bottom quartile).
Point 4	Risk profile: Moderate.	Risk profile: Moderately Low.	Risk profile: Moderate.	Risk profile: Low.	Risk profile: Moderate.
Point 5	1Y return: 13.69% (top quartile).	1Y return: 7.59% (upper mid).	1Y return: 7.21% (lower mid).	1Y return: 7.06% (bottom quartile).	1Y return: 6.94% (bottom quartile).
Point 6	1M return: 0.59% (top quartile).	1M return: 0.55% (upper mid).	1M return: 0.52% (bottom quartile).	1M return: 0.52% (lower mid).	1M return: 0.48% (bottom quartile).
Point 7	Sharpe: 2.57 (lower mid).	Sharpe: 3.40 (top quartile).	Sharpe: 2.79 (upper mid).	Sharpe: 2.48 (bottom quartile).	Sharpe: 2.37 (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): 6.81% (top quartile).	Yield to maturity (debt): 6.64% (upper mid).	Yield to maturity (debt): 6.39% (lower mid).	Yield to maturity (debt): 6.37% (bottom quartile).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 0.47 yrs (bottom quartile).	Modified duration: 0.40 yrs (bottom quartile).	Modified duration: 0.39 yrs (upper mid).	Modified duration: 0.40 yrs (lower mid).

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 (lower mid).
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 (₹22,389 Cr).
Established history (22+ yrs).
Top rated.
Risk profile: Moderately Low.
1Y return: 7.59% (upper mid).
1M return: 0.55% (upper mid).
Sharpe: 3.40 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.81% (top quartile).
Modified duration: 0.47 yrs (bottom quartile).

ICICI Prudential Ultra Short Term Fund

Upper mid AUM (₹17,841 Cr).
Established history (14+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderate.
1Y return: 7.21% (lower mid).
1M return: 0.52% (bottom quartile).
Sharpe: 2.79 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.64% (upper mid).
Modified duration: 0.40 yrs (bottom quartile).

SBI Magnum Ultra Short Duration Fund

Lower mid AUM (₹14,505 Cr).
Oldest track record among peers (26 yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 7.06% (bottom quartile).
1M return: 0.52% (lower mid).
Sharpe: 2.48 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.39% (lower mid).
Modified duration: 0.39 yrs (upper mid).

Invesco India Ultra Short Term Fund

Bottom quartile AUM (₹1,259 Cr).
Established history (14+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderate.
1Y return: 6.94% (bottom quartile).
1M return: 0.48% (bottom quartile).
Sharpe: 2.37 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.37% (bottom quartile).
Modified duration: 0.40 yrs (lower 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	₹32.9901 ↑ 0.03	₹17,947	1.9	2.8	8	7.8	8.3	6.98%	2Y 3M 14D	3Y 5M 8D
ICICI Prudential Short Term Fund Growth	₹62.0126 ↑ 0.04	₹22,880	1.8	3	8.1	7.8	7.8	7.19%	2Y 7M 13D	4Y 8M 12D
Axis Short Term Fund Growth	₹31.8687 ↑ 0.03	₹12,346	1.8	2.9	8.3	7.7	8	6.88%	2Y 2M 19D	2Y 8M 26D
Nippon India Short Term Fund Growth	₹54.4209 ↑ 0.07	₹9,297	1.9	2.7	8.2	7.7	8	7.04%	2Y 8M 1D	3Y 3M 29D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 2 May 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	Franklin India Short Term Income Plan - Retail Plan	HDFC Short Term Debt Fund	ICICI Prudential Short Term Fund	Axis Short Term Fund	Nippon India Short Term Fund
Point 1	Bottom quartile AUM (₹13 Cr).	Upper mid AUM (₹17,947 Cr).	Highest AUM (₹22,880 Cr).	Lower mid AUM (₹12,346 Cr).	Bottom quartile AUM (₹9,297 Cr).
Point 2	Established history (23+ yrs).	Established history (15+ yrs).	Oldest track record among peers (24 yrs).	Established history (15+ yrs).	Established history (22+ yrs).
Point 3	Rating: 2★ (bottom quartile).	Rating: 3★ (lower mid).	Top rated.	Rating: 3★ (bottom quartile).	Rating: 4★ (upper mid).
Point 4	Risk profile: Moderate.	Risk profile: Moderately Low.	Risk profile: Moderate.	Risk profile: Moderately Low.	Risk profile: Moderately Low.
Point 5	1Y return: 192.10% (top quartile).	1Y return: 8.02% (bottom quartile).	1Y return: 8.06% (bottom quartile).	1Y return: 8.26% (upper mid).	1Y return: 8.22% (lower mid).
Point 6	1M return: 192.10% (top quartile).	1M return: 0.53% (bottom quartile).	1M return: 0.63% (upper mid).	1M return: 0.54% (lower mid).	1M return: 0.53% (bottom quartile).
Point 7	Sharpe: -90.89 (bottom quartile).	Sharpe: 1.44 (bottom quartile).	Sharpe: 1.59 (upper mid).	Sharpe: 1.73 (top quartile).	Sharpe: 1.45 (lower mid).
Point 8	Information ratio: -2.42 (bottom quartile).	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 0.00% (bottom quartile).	Yield to maturity (debt): 6.98% (lower mid).	Yield to maturity (debt): 7.19% (top quartile).	Yield to maturity (debt): 6.88% (bottom quartile).	Yield to maturity (debt): 7.04% (upper mid).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 2.29 yrs (lower mid).	Modified duration: 2.62 yrs (bottom quartile).	Modified duration: 2.22 yrs (upper mid).	Modified duration: 2.67 yrs (bottom quartile).

Franklin India Short Term Income Plan - Retail Plan

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

HDFC Short Term Debt Fund

Upper mid AUM (₹17,947 Cr).
Established history (15+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately Low.
1Y return: 8.02% (bottom quartile).
1M return: 0.53% (bottom quartile).
Sharpe: 1.44 (bottom quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 6.98% (lower mid).
Modified duration: 2.29 yrs (lower mid).

ICICI Prudential Short Term Fund

Highest AUM (₹22,880 Cr).
Oldest track record among peers (24 yrs).
Top rated.
Risk profile: Moderate.
1Y return: 8.06% (bottom quartile).
1M return: 0.63% (upper mid).
Sharpe: 1.59 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.19% (top quartile).
Modified duration: 2.62 yrs (bottom quartile).

Axis Short Term Fund

Lower mid AUM (₹12,346 Cr).
Established history (15+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 8.26% (upper mid).
1M return: 0.54% (lower mid).
Sharpe: 1.73 (top quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.88% (bottom quartile).
Modified duration: 2.22 yrs (upper mid).

Nippon India Short Term Fund

Bottom quartile AUM (₹9,297 Cr).
Established history (22+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately Low.
1Y return: 8.22% (lower mid).
1M return: 0.53% (bottom quartile).
Sharpe: 1.45 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.04% (upper mid).
Modified duration: 2.67 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	₹104.241 ↑ 0.20	₹9,146	0.9	0.7	6.4	7.6	8.2	7.13%	6Y 1M 28D	17Y 5M 1D
Axis Gilt Fund Growth	₹25.7589 ↑ 0.07	₹576	0.9	-0.7	4.7	7.3	10	6.77%	7Y 3M 25D	18Y 6M 4D
Bandhan Government Securities Fund - Investment Plan Growth	₹35.4901 ↑ 0.07	₹2,343	1.6	-0.9	3.6	7.1	10.6	6.67%	5Y 6M 14D	7Y 3M 7D
SBI Magnum Gilt Fund Growth	₹66.5786 ↑ 0.19	₹11,055	0.9	-0.7	4.6	7.1	8.9	6.93%	8Y 5M 12D	16Y 4M 17D
UTI Gilt Fund Growth	₹63.5007 ↑ 0.15	₹565	1.4	-0.3	5	7	8.9	6.57%	5Y 7M 28D	8Y 2M 8D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 5 Dec 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	ICICI Prudential Gilt Fund	Axis Gilt Fund	Bandhan Government Securities Fund - Investment Plan	SBI Magnum Gilt Fund	UTI Gilt Fund
Point 1	Upper mid AUM (₹9,146 Cr).	Bottom quartile AUM (₹576 Cr).	Lower mid AUM (₹2,343 Cr).	Highest AUM (₹11,055 Cr).	Bottom quartile AUM (₹565 Cr).
Point 2	Oldest track record among peers (26 yrs).	Established history (13+ yrs).	Established history (17+ yrs).	Established history (24+ yrs).	Established history (23+ 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: 6.40% (top quartile).	1Y return: 4.73% (lower mid).	1Y return: 3.63% (bottom quartile).	1Y return: 4.64% (bottom quartile).	1Y return: 4.96% (upper mid).
Point 6	1M return: 0.16% (bottom quartile).	1M return: 0.12% (bottom quartile).	1M return: 0.52% (upper mid).	1M return: 0.30% (lower mid).	1M return: 0.55% (top quartile).
Point 7	Sharpe: 0.35 (top quartile).	Sharpe: -0.11 (upper mid).	Sharpe: -0.44 (bottom quartile).	Sharpe: -0.19 (bottom quartile).	Sharpe: -0.16 (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): 7.13% (top quartile).	Yield to maturity (debt): 6.77% (lower mid).	Yield to maturity (debt): 6.67% (bottom quartile).	Yield to maturity (debt): 6.93% (upper mid).	Yield to maturity (debt): 6.57% (bottom quartile).
Point 10	Modified duration: 6.16 yrs (lower mid).	Modified duration: 7.32 yrs (bottom quartile).	Modified duration: 5.54 yrs (top quartile).	Modified duration: 8.45 yrs (bottom quartile).	Modified duration: 5.66 yrs (upper mid).

ICICI Prudential Gilt Fund

Upper mid AUM (₹9,146 Cr).
Oldest track record among peers (26 yrs).
Top rated.
Risk profile: Moderate.
1Y return: 6.40% (top quartile).
1M return: 0.16% (bottom quartile).
Sharpe: 0.35 (top quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.13% (top quartile).
Modified duration: 6.16 yrs (lower mid).

Axis Gilt Fund

Bottom quartile AUM (₹576 Cr).
Established history (13+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderate.
1Y return: 4.73% (lower mid).
1M return: 0.12% (bottom quartile).
Sharpe: -0.11 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.77% (lower mid).
Modified duration: 7.32 yrs (bottom quartile).

Bandhan Government Securities Fund - Investment Plan

Lower mid AUM (₹2,343 Cr).
Established history (17+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderate.
1Y return: 3.63% (bottom quartile).
1M return: 0.52% (upper mid).
Sharpe: -0.44 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.67% (bottom quartile).
Modified duration: 5.54 yrs (top quartile).

SBI Magnum Gilt Fund

Highest AUM (₹11,055 Cr).
Established history (24+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
1Y return: 4.64% (bottom quartile).
1M return: 0.30% (lower mid).
Sharpe: -0.19 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.93% (upper mid).
Modified duration: 8.45 yrs (bottom quartile).

UTI Gilt Fund

Bottom quartile AUM (₹565 Cr).
Established history (23+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderate.
1Y return: 4.96% (upper mid).
1M return: 0.55% (top quartile).
Sharpe: -0.16 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.57% (bottom quartile).
Modified duration: 5.66 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	₹23.3895 ↑ 0.02	₹639	2.7	2.7	8.9	8.5	9.6	7.15%	4Y 11M 7D	6Y 10M 20D
Nippon India Dynamic Bond Fund Growth	₹38.2232 ↑ 0.12	₹4,288	2.1	1.4	7.7	7.8	9	6.79%	3Y 10M 10D	4Y 7M 24D
ICICI Prudential Long Term Plan Growth	₹37.7246 ↑ 0.05	₹14,941	1.3	1.7	7	7.6	8.2	7.57%	4Y 9M 14D	12Y 4M 24D
Aditya Birla Sun Life Dynamic Bond Fund Growth	₹47.2784 ↑ 0.08	₹1,918	1.5	1	6.8	7.6	8.8	7.59%	6Y 3M 4D	12Y 5M 26D
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	ICICI Prudential Long Term Plan	Aditya Birla Sun Life Dynamic Bond Fund
Point 1	Bottom quartile AUM (₹99 Cr).	Bottom quartile AUM (₹639 Cr).	Upper mid AUM (₹4,288 Cr).	Highest AUM (₹14,941 Cr).	Lower mid AUM (₹1,918 Cr).
Point 2	Oldest track record among peers (28 yrs).	Established history (12+ yrs).	Established history (21+ yrs).	Established history (15+ yrs).	Established history (21+ yrs).
Point 3	Rating: 1★ (lower mid).	Not Rated.	Not Rated.	Top rated.	Rating: 3★ (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: 8.88% (upper mid).	1Y return: 7.66% (lower mid).	1Y return: 7.01% (bottom quartile).	1Y return: 6.80% (bottom quartile).
Point 6	1M return: 1.43% (top quartile).	1M return: 0.84% (upper mid).	1M return: 0.55% (lower mid).	1M return: 0.35% (bottom quartile).	1M return: 0.41% (bottom quartile).
Point 7	Sharpe: 1.19 (top quartile).	Sharpe: 0.85 (upper mid).	Sharpe: 0.55 (bottom quartile).	Sharpe: 0.65 (lower mid).	Sharpe: 0.33 (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): 7.15% (lower mid).	Yield to maturity (debt): 6.79% (bottom quartile).	Yield to maturity (debt): 7.57% (upper mid).	Yield to maturity (debt): 7.59% (top quartile).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 4.94 yrs (bottom quartile).	Modified duration: 3.86 yrs (upper mid).	Modified duration: 4.79 yrs (lower mid).	Modified duration: 6.26 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 (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 (₹639 Cr).
Established history (12+ yrs).
Not Rated.
Risk profile: Moderate.
1Y return: 8.88% (upper mid).
1M return: 0.84% (upper mid).
Sharpe: 0.85 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.15% (lower mid).
Modified duration: 4.94 yrs (bottom quartile).

Nippon India Dynamic Bond Fund

Upper mid AUM (₹4,288 Cr).
Established history (21+ yrs).
Not Rated.
Risk profile: Moderate.
1Y return: 7.66% (lower mid).
1M return: 0.55% (lower mid).
Sharpe: 0.55 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.79% (bottom quartile).
Modified duration: 3.86 yrs (upper mid).

ICICI Prudential Long Term Plan

Highest AUM (₹14,941 Cr).
Established history (15+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 7.01% (bottom quartile).
1M return: 0.35% (bottom quartile).
Sharpe: 0.65 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.57% (upper mid).
Modified duration: 4.79 yrs (lower mid).

Aditya Birla Sun Life Dynamic Bond Fund

Lower mid AUM (₹1,918 Cr).
Established history (21+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderate.
1Y return: 6.80% (bottom quartile).
1M return: 0.41% (bottom quartile).
Sharpe: 0.33 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.59% (top quartile).
Modified duration: 6.26 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	₹94.1951 ↑ 0.33	₹48,871	3.6	5.3	5.1	18.4	21.5	18.2
ICICI Prudential Bluechip Fund Growth	₹116.17 ↑ 0.51	₹75,863	5.7	6.9	7.6	17.5	19.2	16.9
HDFC Top 100 Fund Growth	₹1,178.31 ↑ 5.59	₹39,779	4.4	5.2	3.3	15	18.3	11.6
TATA Large Cap Fund Growth	₹525.534 ↑ 3.30	₹2,790	6.2	6.4	4.3	14.1	17.2	12.9
Invesco India Largecap Fund Growth	₹71.66 ↑ 0.28	₹1,686	3.5	4.7	2.5	16.4	17.1	20
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 5 Dec 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	Nippon India Large Cap Fund	ICICI Prudential Bluechip Fund	HDFC Top 100 Fund	TATA Large Cap Fund	Invesco India Largecap Fund
Point 1	Upper mid AUM (₹48,871 Cr).	Highest AUM (₹75,863 Cr).	Lower mid AUM (₹39,779 Cr).	Bottom quartile AUM (₹2,790 Cr).	Bottom quartile AUM (₹1,686 Cr).
Point 2	Established history (18+ yrs).	Established history (17+ yrs).	Oldest track record among peers (29 yrs).	Established history (27+ 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: 21.45% (top quartile).	5Y return: 19.23% (upper mid).	5Y return: 18.33% (lower mid).	5Y return: 17.17% (bottom quartile).	5Y return: 17.14% (bottom quartile).
Point 6	3Y return: 18.38% (top quartile).	3Y return: 17.49% (upper mid).	3Y return: 15.02% (bottom quartile).	3Y return: 14.13% (bottom quartile).	3Y return: 16.38% (lower mid).
Point 7	1Y return: 5.13% (upper mid).	1Y return: 7.64% (top quartile).	1Y return: 3.32% (bottom quartile).	1Y return: 4.34% (lower mid).	1Y return: 2.46% (bottom quartile).
Point 8	Alpha: 0.46 (upper mid).	Alpha: 0.55 (top quartile).	Alpha: -2.94 (bottom quartile).	Alpha: -0.86 (bottom quartile).	Alpha: 0.09 (lower mid).
Point 9	Sharpe: 0.15 (top quartile).	Sharpe: 0.12 (upper mid).	Sharpe: -0.20 (bottom quartile).	Sharpe: 0.00 (bottom quartile).	Sharpe: 0.08 (lower mid).
Point 10	Information ratio: 1.44 (top quartile).	Information ratio: 1.23 (upper mid).	Information ratio: 0.60 (bottom quartile).	Information ratio: 0.37 (bottom quartile).	Information ratio: 0.72 (lower mid).

Nippon India Large Cap Fund

Upper mid AUM (₹48,871 Cr).
Established history (18+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 21.45% (top quartile).
3Y return: 18.38% (top quartile).
1Y return: 5.13% (upper mid).
Alpha: 0.46 (upper mid).
Sharpe: 0.15 (top quartile).
Information ratio: 1.44 (top quartile).

ICICI Prudential Bluechip Fund

Highest AUM (₹75,863 Cr).
Established history (17+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 19.23% (upper mid).
3Y return: 17.49% (upper mid).
1Y return: 7.64% (top quartile).
Alpha: 0.55 (top quartile).
Sharpe: 0.12 (upper mid).
Information ratio: 1.23 (upper mid).

HDFC Top 100 Fund

Lower mid AUM (₹39,779 Cr).
Oldest track record among peers (29 yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 18.33% (lower mid).
3Y return: 15.02% (bottom quartile).
1Y return: 3.32% (bottom quartile).
Alpha: -2.94 (bottom quartile).
Sharpe: -0.20 (bottom quartile).
Information ratio: 0.60 (bottom quartile).

TATA Large Cap Fund

Bottom quartile AUM (₹2,790 Cr).
Established history (27+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 17.17% (bottom quartile).
3Y return: 14.13% (bottom quartile).
1Y return: 4.34% (lower mid).
Alpha: -0.86 (bottom quartile).
Sharpe: 0.00 (bottom quartile).
Information ratio: 0.37 (bottom quartile).

Invesco India Largecap Fund

Bottom quartile AUM (₹1,686 Cr).
Established history (16+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 17.14% (bottom quartile).
3Y return: 16.38% (lower mid).
1Y return: 2.46% (bottom quartile).
Alpha: 0.09 (lower mid).
Sharpe: 0.08 (lower mid).
Information ratio: 0.72 (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	₹102.546 ↑ 0.28	₹37,501	-1.5	2.1	-8.2	24.6	29.3	57.1
Nippon India Small Cap Fund Growth	₹165.5 ↓ -0.84	₹68,969	-1.4	-1.5	-8	19.9	28.2	26.1
HDFC Mid-Cap Opportunities Fund Growth	₹203.525 ↑ 0.37	₹89,383	6	7	5.9	24.6	26.1	28.6
HDFC Small Cap Fund Growth	₹138.881 ↓ -0.86	₹38,412	-1.8	1.5	-3.3	19.6	25.9	20.4
Edelweiss Mid Cap Fund Growth	₹104.032 ↑ 0.49	₹12,647	3.9	4.3	1.9	24	25.7	38.9
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 5 Dec 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	Motilal Oswal Midcap 30 Fund	Nippon India Small Cap Fund	HDFC Mid-Cap Opportunities Fund	HDFC Small Cap Fund	Edelweiss Mid Cap Fund
Point 1	Bottom quartile AUM (₹37,501 Cr).	Upper mid AUM (₹68,969 Cr).	Highest AUM (₹89,383 Cr).	Lower mid AUM (₹38,412 Cr).	Bottom quartile AUM (₹12,647 Cr).
Point 2	Established history (11+ yrs).	Established history (15+ yrs).	Oldest track record among peers (18 yrs).	Established history (17+ yrs).	Established history (17+ yrs).
Point 3	Rating: 3★ (lower mid).	Top rated.	Rating: 3★ (bottom quartile).	Rating: 4★ (upper 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: 29.32% (top quartile).	5Y return: 28.16% (upper mid).	5Y return: 26.11% (lower mid).	5Y return: 25.85% (bottom quartile).	5Y return: 25.72% (bottom quartile).
Point 6	3Y return: 24.64% (top quartile).	3Y return: 19.92% (bottom quartile).	3Y return: 24.60% (upper mid).	3Y return: 19.58% (bottom quartile).	3Y return: 23.97% (lower mid).
Point 7	1Y return: -8.17% (bottom quartile).	1Y return: -8.02% (bottom quartile).	1Y return: 5.94% (top quartile).	1Y return: -3.32% (lower mid).	1Y return: 1.93% (upper mid).
Point 8	Alpha: -4.22 (bottom quartile).	Alpha: -2.66 (bottom quartile).	Alpha: 1.17 (top quartile).	Alpha: 0.00 (upper mid).	Alpha: -0.23 (lower mid).
Point 9	Sharpe: -0.13 (bottom quartile).	Sharpe: -0.35 (bottom quartile).	Sharpe: 0.15 (top quartile).	Sharpe: -0.07 (lower mid).	Sharpe: 0.07 (upper mid).
Point 10	Information ratio: 0.20 (upper mid).	Information ratio: -0.11 (bottom quartile).	Information ratio: 0.61 (top quartile).	Information ratio: 0.00 (bottom quartile).	Information ratio: 0.18 (lower mid).

Motilal Oswal Midcap 30 Fund

Bottom quartile AUM (₹37,501 Cr).
Established history (11+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 29.32% (top quartile).
3Y return: 24.64% (top quartile).
1Y return: -8.17% (bottom quartile).
Alpha: -4.22 (bottom quartile).
Sharpe: -0.13 (bottom quartile).
Information ratio: 0.20 (upper mid).

Nippon India Small Cap Fund

Upper mid AUM (₹68,969 Cr).
Established history (15+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 28.16% (upper mid).
3Y return: 19.92% (bottom quartile).
1Y return: -8.02% (bottom quartile).
Alpha: -2.66 (bottom quartile).
Sharpe: -0.35 (bottom quartile).
Information ratio: -0.11 (bottom quartile).

HDFC Mid-Cap Opportunities Fund

Highest AUM (₹89,383 Cr).
Oldest track record among peers (18 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 26.11% (lower mid).
3Y return: 24.60% (upper mid).
1Y return: 5.94% (top quartile).
Alpha: 1.17 (top quartile).
Sharpe: 0.15 (top quartile).
Information ratio: 0.61 (top quartile).

HDFC Small Cap Fund

Lower mid AUM (₹38,412 Cr).
Established history (17+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 25.85% (bottom quartile).
3Y return: 19.58% (bottom quartile).
1Y return: -3.32% (lower mid).
Alpha: 0.00 (upper mid).
Sharpe: -0.07 (lower mid).
Information ratio: 0.00 (bottom quartile).

Edelweiss Mid Cap Fund

Bottom quartile AUM (₹12,647 Cr).
Established history (17+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: High.
5Y return: 25.72% (bottom quartile).
3Y return: 23.97% (lower mid).
1Y return: 1.93% (upper mid).
Alpha: -0.23 (lower mid).
Sharpe: 0.07 (upper mid).
Information ratio: 0.18 (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	₹301.34 ↑ 0.16	₹49,314	0.5	1.4	0.8	20.8	26.2	25.8
HDFC Equity Fund Growth	₹2,083.64 ↑ 9.08	₹91,041	4.4	7.2	8.7	20.7	24.9	23.5
Mahindra Badhat Yojana Growth	₹35.9505 ↑ 0.09	₹6,055	3.5	3.9	1.9	18.1	22.3	23.4
JM Multicap Fund Growth	₹97.5005 ↑ 0.11	₹6,080	0.4	1	-8.5	19.4	21.2	33.3
Parag Parikh Long Term Equity Fund Growth	₹86.9103 ↑ 0.09	₹125,800	2.5	5.3	7.4	20.7	20.4	23.9
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 5 Dec 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	Nippon India Multi Cap Fund	HDFC Equity Fund	Mahindra Badhat Yojana	JM Multicap Fund	Parag Parikh Long Term Equity Fund
Point 1	Lower mid AUM (₹49,314 Cr).	Upper mid AUM (₹91,041 Cr).	Bottom quartile AUM (₹6,055 Cr).	Bottom quartile AUM (₹6,080 Cr).	Highest AUM (₹125,800 Cr).
Point 2	Established history (20+ yrs).	Oldest track record among peers (30 yrs).	Established history (8+ yrs).	Established history (17+ yrs).	Established history (12+ 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: 26.20% (top quartile).	5Y return: 24.93% (upper mid).	5Y return: 22.32% (lower mid).	5Y return: 21.16% (bottom quartile).	5Y return: 20.42% (bottom quartile).
Point 6	3Y return: 20.81% (top quartile).	3Y return: 20.72% (upper mid).	3Y return: 18.15% (bottom quartile).	3Y return: 19.41% (bottom quartile).	3Y return: 20.66% (lower mid).
Point 7	1Y return: 0.78% (bottom quartile).	1Y return: 8.74% (top quartile).	1Y return: 1.92% (lower mid).	1Y return: -8.52% (bottom quartile).	1Y return: 7.36% (upper mid).
Point 8	Alpha: -0.58 (bottom quartile).	Alpha: 3.93 (top quartile).	Alpha: 0.43 (lower mid).	Alpha: -10.27 (bottom quartile).	Alpha: 2.73 (upper mid).
Point 9	Sharpe: -0.07 (bottom quartile).	Sharpe: 0.39 (top quartile).	Sharpe: 0.00 (lower mid).	Sharpe: -0.64 (bottom quartile).	Sharpe: 0.37 (upper mid).
Point 10	Information ratio: 0.64 (bottom quartile).	Information ratio: 1.44 (top quartile).	Information ratio: 0.13 (bottom quartile).	Information ratio: 0.89 (upper mid).	Information ratio: 0.66 (lower mid).

Nippon India Multi Cap Fund

Lower mid AUM (₹49,314 Cr).
Established history (20+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 26.20% (top quartile).
3Y return: 20.81% (top quartile).
1Y return: 0.78% (bottom quartile).
Alpha: -0.58 (bottom quartile).
Sharpe: -0.07 (bottom quartile).
Information ratio: 0.64 (bottom quartile).

HDFC Equity Fund

Upper mid AUM (₹91,041 Cr).
Oldest track record among peers (30 yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 24.93% (upper mid).
3Y return: 20.72% (upper mid).
1Y return: 8.74% (top quartile).
Alpha: 3.93 (top quartile).
Sharpe: 0.39 (top quartile).
Information ratio: 1.44 (top quartile).

Mahindra Badhat Yojana

Bottom quartile AUM (₹6,055 Cr).
Established history (8+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 22.32% (lower mid).
3Y return: 18.15% (bottom quartile).
1Y return: 1.92% (lower mid).
Alpha: 0.43 (lower mid).
Sharpe: 0.00 (lower mid).
Information ratio: 0.13 (bottom quartile).

JM Multicap Fund

Bottom quartile AUM (₹6,080 Cr).
Established history (17+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 21.16% (bottom quartile).
3Y return: 19.41% (bottom quartile).
1Y return: -8.52% (bottom quartile).
Alpha: -10.27 (bottom quartile).
Sharpe: -0.64 (bottom quartile).
Information ratio: 0.89 (upper mid).

Parag Parikh Long Term Equity Fund

Highest AUM (₹125,800 Cr).
Established history (12+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 20.42% (bottom quartile).
3Y return: 20.66% (lower mid).
1Y return: 7.36% (upper mid).
Alpha: 2.73 (upper mid).
Sharpe: 0.37 (upper mid).
Information ratio: 0.66 (lower mid).

Top 5 Sector Funds with 5 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
ICICI Prudential Infrastructure Fund Growth	₹195.91 ↓ -0.14	₹8,232	2.1	0.6	1.1	24.3	31.2	27.4
SBI PSU Fund Growth	₹33.2955 ↑ 0.22	₹5,714	7.9	4.3	1.7	26.5	29.2	23.5
HDFC Infrastructure Fund Growth	₹47.291 ↑ 0.01	₹2,586	0.5	-0.6	-2.1	24.2	29	23
DSP India T.I.G.E.R Fund Growth	₹311.75 ↓ -1.18	₹5,506	0	0.4	-7.4	23.2	27.9	32.4
Canara Robeco Infrastructure Growth	₹157.62 ↓ -0.18	₹936	-1.1	-1.6	-3.6	23	27.7	35.3
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 5 Dec 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	ICICI Prudential Infrastructure Fund	SBI PSU Fund	HDFC Infrastructure Fund	DSP India T.I.G.E.R Fund	Canara Robeco Infrastructure
Point 1	Highest AUM (₹8,232 Cr).	Upper mid AUM (₹5,714 Cr).	Bottom quartile AUM (₹2,586 Cr).	Lower mid AUM (₹5,506 Cr).	Bottom quartile AUM (₹936 Cr).
Point 2	Established history (20+ yrs).	Established history (15+ yrs).	Established history (17+ yrs).	Oldest track record among peers (21 yrs).	Established history (20+ yrs).
Point 3	Rating: 3★ (upper mid).	Rating: 2★ (bottom quartile).	Rating: 3★ (lower mid).	Top rated.	Not Rated.
Point 4	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.
Point 5	5Y return: 31.24% (top quartile).	5Y return: 29.15% (upper mid).	5Y return: 28.97% (lower mid).	5Y return: 27.86% (bottom quartile).	5Y return: 27.75% (bottom quartile).
Point 6	3Y return: 24.34% (upper mid).	3Y return: 26.47% (top quartile).	3Y return: 24.22% (lower mid).	3Y return: 23.21% (bottom quartile).	3Y return: 22.98% (bottom quartile).
Point 7	1Y return: 1.11% (upper mid).	1Y return: 1.70% (top quartile).	1Y return: -2.07% (lower mid).	1Y return: -7.41% (bottom quartile).	1Y return: -3.59% (bottom quartile).
Point 8	Alpha: 0.00 (top quartile).	Alpha: -0.58 (bottom quartile).	Alpha: 0.00 (upper mid).	Alpha: 0.00 (lower mid).	Alpha: 0.00 (bottom quartile).
Point 9	Sharpe: 0.00 (upper mid).	Sharpe: 0.09 (top quartile).	Sharpe: -0.15 (bottom quartile).	Sharpe: -0.33 (bottom quartile).	Sharpe: -0.02 (lower mid).
Point 10	Information ratio: 0.00 (top quartile).	Information ratio: -0.57 (bottom quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).

ICICI Prudential Infrastructure Fund

Highest AUM (₹8,232 Cr).
Established history (20+ yrs).
Rating: 3★ (upper mid).
Risk profile: High.
5Y return: 31.24% (top quartile).
3Y return: 24.34% (upper mid).
1Y return: 1.11% (upper mid).
Alpha: 0.00 (top quartile).
Sharpe: 0.00 (upper mid).
Information ratio: 0.00 (top quartile).

SBI PSU Fund

Upper mid AUM (₹5,714 Cr).
Established history (15+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: High.
5Y return: 29.15% (upper mid).
3Y return: 26.47% (top quartile).
1Y return: 1.70% (top quartile).
Alpha: -0.58 (bottom quartile).
Sharpe: 0.09 (top quartile).
Information ratio: -0.57 (bottom quartile).

HDFC Infrastructure Fund

Bottom quartile AUM (₹2,586 Cr).
Established history (17+ yrs).
Rating: 3★ (lower mid).
Risk profile: High.
5Y return: 28.97% (lower mid).
3Y return: 24.22% (lower mid).
1Y return: -2.07% (lower mid).
Alpha: 0.00 (upper mid).
Sharpe: -0.15 (bottom quartile).
Information ratio: 0.00 (upper mid).

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

Lower mid AUM (₹5,506 Cr).
Oldest track record among peers (21 yrs).
Top rated.
Risk profile: High.
5Y return: 27.86% (bottom quartile).
3Y return: 23.21% (bottom quartile).
1Y return: -7.41% (bottom quartile).
Alpha: 0.00 (lower mid).
Sharpe: -0.33 (bottom quartile).
Information ratio: 0.00 (lower mid).

Canara Robeco Infrastructure

Bottom quartile AUM (₹936 Cr).
Established history (20+ yrs).
Not Rated.
Risk profile: High.
5Y return: 27.75% (bottom quartile).
3Y return: 22.98% (bottom quartile).
1Y return: -3.59% (bottom quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: -0.02 (lower mid).
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	₹77.8989 ↑ 0.03	₹3,376	2	3.7	7.6	10.1	9.3	11.4
Kotak Debt Hybrid Fund Growth	₹59.428 ↑ 0.18	₹3,124	2.2	1.2	3.8	9.8	9.8	11.4
DSP Regular Savings Fund Growth	₹59.96 ↑ 0.10	₹180	2.1	2.2	6.4	9.8	8.4	11
SBI Debt Hybrid Fund Growth	₹74.4209 ↑ 0.07	₹9,953	2.2	3	6	9.8	10	11
HDFC Hybrid Debt Fund Growth	₹83.6454 ↑ 0.20	₹3,379	2.5	1.4	4.7	9.7	10.2	10.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 5 Dec 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	ICICI Prudential MIP 25	Kotak Debt Hybrid Fund	DSP Regular Savings Fund	SBI Debt Hybrid Fund	HDFC Hybrid Debt Fund
Point 1	Lower mid AUM (₹3,376 Cr).	Bottom quartile AUM (₹3,124 Cr).	Bottom quartile AUM (₹180 Cr).	Highest AUM (₹9,953 Cr).	Upper mid AUM (₹3,379 Cr).
Point 2	Established history (21+ yrs).	Established history (22+ 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: 3★ (bottom quartile).	Rating: 5★ (upper mid).	Rating: 4★ (bottom quartile).
Point 4	Risk profile: Moderately High.	Risk profile: Moderate.	Risk profile: Moderately High.	Risk profile: Moderate.	Risk profile: Moderately High.
Point 5	5Y return: 9.35% (bottom quartile).	5Y return: 9.77% (lower mid).	5Y return: 8.39% (bottom quartile).	5Y return: 9.99% (upper mid).	5Y return: 10.23% (top quartile).
Point 6	3Y return: 10.05% (top quartile).	3Y return: 9.80% (upper mid).	3Y return: 9.79% (lower mid).	3Y return: 9.78% (bottom quartile).	3Y return: 9.74% (bottom quartile).
Point 7	1Y return: 7.56% (top quartile).	1Y return: 3.76% (bottom quartile).	1Y return: 6.37% (upper mid).	1Y return: 5.99% (lower mid).	1Y return: 4.74% (bottom quartile).
Point 8	1M return: 0.58% (lower mid).	1M return: 0.46% (bottom quartile).	1M return: 0.81% (top quartile).	1M return: 0.43% (bottom quartile).	1M return: 0.73% (upper mid).
Point 9	Alpha: 0.00 (top quartile).	Alpha: -2.57 (bottom quartile).	Alpha: -0.64 (bottom quartile).	Alpha: 0.00 (upper mid).	Alpha: 0.00 (lower mid).
Point 10	Sharpe: 0.52 (top quartile).	Sharpe: -0.22 (bottom quartile).	Sharpe: 0.07 (upper mid).	Sharpe: 0.03 (lower mid).	Sharpe: -0.26 (bottom quartile).

ICICI Prudential MIP 25

Lower mid AUM (₹3,376 Cr).
Established history (21+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 9.35% (bottom quartile).
3Y return: 10.05% (top quartile).
1Y return: 7.56% (top quartile).
1M return: 0.58% (lower mid).
Alpha: 0.00 (top quartile).
Sharpe: 0.52 (top quartile).

Kotak Debt Hybrid Fund

Bottom quartile AUM (₹3,124 Cr).
Established history (22+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderate.
5Y return: 9.77% (lower mid).
3Y return: 9.80% (upper mid).
1Y return: 3.76% (bottom quartile).
1M return: 0.46% (bottom quartile).
Alpha: -2.57 (bottom quartile).
Sharpe: -0.22 (bottom quartile).

DSP Regular Savings Fund

Bottom quartile AUM (₹180 Cr).
Established history (21+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 8.39% (bottom quartile).
3Y return: 9.79% (lower mid).
1Y return: 6.37% (upper mid).
1M return: 0.81% (top quartile).
Alpha: -0.64 (bottom quartile).
Sharpe: 0.07 (upper mid).

SBI Debt Hybrid Fund

Highest AUM (₹9,953 Cr).
Oldest track record among peers (24 yrs).
Rating: 5★ (upper mid).
Risk profile: Moderate.
5Y return: 9.99% (upper mid).
3Y return: 9.78% (bottom quartile).
1Y return: 5.99% (lower mid).
1M return: 0.43% (bottom quartile).
Alpha: 0.00 (upper mid).
Sharpe: 0.03 (lower mid).

HDFC Hybrid Debt Fund

Upper mid AUM (₹3,379 Cr).
Established history (21+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 10.23% (top quartile).
3Y return: 9.74% (bottom quartile).
1Y return: 4.74% (bottom quartile).
1M return: 0.73% (upper mid).
Alpha: 0.00 (lower mid).
Sharpe: -0.26 (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 (%)
ICICI Prudential Equity and Debt Fund Growth	₹412.24 ↑ 0.79	₹48,071	4.2	6.8	10.2	18.6	22.8	17.2
JM Equity Hybrid Fund Growth	₹120.54 ↓ -0.28	₹816	0.9	1.8	-4.7	17.6	17.8	27
BOI AXA Mid and Small Cap Equity and Debt Fund Growth	₹37.65 ↓ -0.03	₹1,326	0.2	-2.4	-5.1	17	19.9	25.8
Sundaram Equity Hybrid Fund Growth	₹135.137 ↑ 0.78	₹1,954	0.5	10.5	27.1	16	14.2
UTI Hybrid Equity Fund Growth	₹418.049 ↑ 1.47	₹6,596	4.9	4.3	3.7	15.9	17.8	19.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 5 Dec 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	ICICI Prudential Equity and Debt Fund	JM Equity Hybrid Fund	BOI AXA Mid and Small Cap Equity and Debt Fund	Sundaram Equity Hybrid Fund	UTI Hybrid Equity Fund
Point 1	Highest AUM (₹48,071 Cr).	Bottom quartile AUM (₹816 Cr).	Bottom quartile AUM (₹1,326 Cr).	Lower mid AUM (₹1,954 Cr).	Upper mid AUM (₹6,596 Cr).
Point 2	Established history (26+ yrs).	Oldest track record among peers (30 yrs).	Established history (9+ yrs).	Established history (25+ yrs).	Established history (30+ yrs).
Point 3	Top rated.	Rating: 1★ (bottom quartile).	Not Rated.	Rating: 2★ (lower mid).	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: 22.80% (top quartile).	5Y return: 17.81% (lower mid).	5Y return: 19.89% (upper mid).	5Y return: 14.20% (bottom quartile).	5Y return: 17.80% (bottom quartile).
Point 6	3Y return: 18.60% (top quartile).	3Y return: 17.63% (upper mid).	3Y return: 16.96% (lower mid).	3Y return: 16.03% (bottom quartile).	3Y return: 15.91% (bottom quartile).
Point 7	1Y return: 10.22% (upper mid).	1Y return: -4.66% (bottom quartile).	1Y return: -5.14% (bottom quartile).	1Y return: 27.10% (top quartile).	1Y return: 3.70% (lower mid).
Point 8	1M return: 1.52% (lower mid).	1M return: -1.64% (bottom quartile).	1M return: -1.77% (bottom quartile).	1M return: 1.80% (upper mid).	1M return: 1.84% (top quartile).
Point 9	Alpha: 2.46 (upper mid).	Alpha: -7.75 (bottom quartile).	Alpha: 0.00 (lower mid).	Alpha: 5.81 (top quartile).	Alpha: -2.84 (bottom quartile).
Point 10	Sharpe: 0.36 (upper mid).	Sharpe: -0.53 (bottom quartile).	Sharpe: -0.19 (lower mid).	Sharpe: 2.64 (top quartile).	Sharpe: -0.20 (bottom quartile).

ICICI Prudential Equity and Debt Fund

Highest AUM (₹48,071 Cr).
Established history (26+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 22.80% (top quartile).
3Y return: 18.60% (top quartile).
1Y return: 10.22% (upper mid).
1M return: 1.52% (lower mid).
Alpha: 2.46 (upper mid).
Sharpe: 0.36 (upper mid).

JM Equity Hybrid Fund

Bottom quartile AUM (₹816 Cr).
Oldest track record among peers (30 yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 17.81% (lower mid).
3Y return: 17.63% (upper mid).
1Y return: -4.66% (bottom quartile).
1M return: -1.64% (bottom quartile).
Alpha: -7.75 (bottom quartile).
Sharpe: -0.53 (bottom quartile).

BOI AXA Mid and Small Cap Equity and Debt Fund

Bottom quartile AUM (₹1,326 Cr).
Established history (9+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 19.89% (upper mid).
3Y return: 16.96% (lower mid).
1Y return: -5.14% (bottom quartile).
1M return: -1.77% (bottom quartile).
Alpha: 0.00 (lower mid).
Sharpe: -0.19 (lower 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% (bottom quartile).
3Y return: 16.03% (bottom quartile).
1Y return: 27.10% (top quartile).
1M return: 1.80% (upper mid).
Alpha: 5.81 (top quartile).
Sharpe: 2.64 (top quartile).

UTI Hybrid Equity Fund

Upper mid AUM (₹6,596 Cr).
Established history (30+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 17.80% (bottom quartile).
3Y return: 15.91% (bottom quartile).
1Y return: 3.70% (lower mid).
1M return: 1.84% (top quartile).
Alpha: -2.84 (bottom quartile).
Sharpe: -0.20 (bottom 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 (%)
ICICI Prudential Regular Gold Savings Fund Growth	₹39.8814 ↑ 0.32	₹3,770	20.4	30.6	66.4	32.2	19.7	19.5
IDBI Gold Fund Growth	₹33.5243 ↑ 0.25	₹465	20	30.8	66.1	32.1	19.9	18.7
SBI Gold Fund Growth	₹37.6719 ↑ 0.30	₹8,457	20.5	30.6	66.4	32	19.7	19.6
Nippon India Gold Savings Fund Growth	₹49.2786 ↑ 0.45	₹4,545	20.4	30.5	66.2	31.9	19.5	19
Aditya Birla Sun Life Gold Fund Growth	₹37.3523 ↑ 0.25	₹1,042	20.2	30.8	66.6	31.9	19.5	18.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 5 Dec 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	ICICI Prudential Regular Gold Savings Fund	IDBI Gold Fund	SBI Gold Fund	Nippon India Gold Savings Fund	Aditya Birla Sun Life Gold Fund
Point 1	Lower mid AUM (₹3,770 Cr).	Bottom quartile AUM (₹465 Cr).	Highest AUM (₹8,457 Cr).	Upper mid AUM (₹4,545 Cr).	Bottom quartile AUM (₹1,042 Cr).
Point 2	Oldest track record among peers (14 yrs).	Established history (13+ yrs).	Established history (14+ yrs).	Established history (14+ yrs).	Established history (13+ yrs).
Point 3	Rating: 1★ (bottom quartile).	Not Rated.	Rating: 2★ (upper mid).	Rating: 2★ (lower mid).	Top rated.
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 19.70% (lower mid).	5Y return: 19.93% (top quartile).	5Y return: 19.75% (upper mid).	5Y return: 19.50% (bottom quartile).	5Y return: 19.51% (bottom quartile).
Point 6	3Y return: 32.17% (top quartile).	3Y return: 32.14% (upper mid).	3Y return: 32.01% (lower mid).	3Y return: 31.90% (bottom quartile).	3Y return: 31.88% (bottom quartile).
Point 7	1Y return: 66.43% (upper mid).	1Y return: 66.10% (bottom quartile).	1Y return: 66.41% (lower mid).	1Y return: 66.23% (bottom quartile).	1Y return: 66.61% (top quartile).
Point 8	1M return: 7.50% (top quartile).	1M return: 7.04% (bottom quartile).	1M return: 7.18% (upper mid).	1M return: 7.07% (lower mid).	1M return: 6.86% (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: 2.38 (bottom quartile).	Sharpe: 2.30 (bottom quartile).	Sharpe: 2.42 (upper mid).	Sharpe: 2.41 (lower mid).	Sharpe: 2.45 (top quartile).

ICICI Prudential Regular Gold Savings Fund

Lower mid AUM (₹3,770 Cr).
Oldest track record among peers (14 yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 19.70% (lower mid).
3Y return: 32.17% (top quartile).
1Y return: 66.43% (upper mid).
1M return: 7.50% (top quartile).
Alpha: 0.00 (top quartile).
Sharpe: 2.38 (bottom quartile).

IDBI Gold Fund

Bottom quartile AUM (₹465 Cr).
Established history (13+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 19.93% (top quartile).
3Y return: 32.14% (upper mid).
1Y return: 66.10% (bottom quartile).
1M return: 7.04% (bottom quartile).
Alpha: 0.00 (upper mid).
Sharpe: 2.30 (bottom quartile).

SBI Gold Fund

Highest AUM (₹8,457 Cr).
Established history (14+ yrs).
Rating: 2★ (upper mid).
Risk profile: Moderately High.
5Y return: 19.75% (upper mid).
3Y return: 32.01% (lower mid).
1Y return: 66.41% (lower mid).
1M return: 7.18% (upper mid).
Alpha: 0.00 (lower mid).
Sharpe: 2.42 (upper mid).

Nippon India Gold Savings Fund

Upper mid AUM (₹4,545 Cr).
Established history (14+ yrs).
Rating: 2★ (lower mid).
Risk profile: Moderately High.
5Y return: 19.50% (bottom quartile).
3Y return: 31.90% (bottom quartile).
1Y return: 66.23% (bottom quartile).
1M return: 7.07% (lower mid).
Alpha: 0.00 (bottom quartile).
Sharpe: 2.41 (lower mid).

Aditya Birla Sun Life Gold Fund

Bottom quartile AUM (₹1,042 Cr).
Established history (13+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 19.51% (bottom quartile).
3Y return: 31.88% (bottom quartile).
1Y return: 66.61% (top quartile).
1M return: 6.86% (bottom quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: 2.45 (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.