Best Mutual Funds with Highest Returns 2026

Updated on April 19, 2026 , 16246 views

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

What are Mutual Funds?

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

Best Mutual Funds to Invest with Highest Returns

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

Best Debt Mutual Funds with Highest Returns 2026

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

Fund Selection Methodology used to find 5 funds

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

Top 5 Liquid Funds with 1 Year Highest Returns

Fund	NAV	Net Assets (Cr)	1 MO (%)	3 MO (%)	6 MO (%)	1 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
IDBI Liquid Fund Growth	₹2,454.04 ↑ 0.35	₹503	0.5	1.7	3.4	6.6		6.66%	1M 7D	1M 10D
BOI AXA Liquid Fund Growth	₹3,158.3 ↑ 0.34	₹1,611	0.7	1.7	3.2	6.3	6.6	7.3%	1M 20D	1M 20D
Edelweiss Liquid Fund Growth	₹3,506.76 ↑ 0.37	₹8,877	0.8	1.7	3.2	6.3	6.5	7.42%	2M 8D	2M 8D
Axis Liquid Fund Growth	₹3,053.62 ↑ 0.35	₹30,188	0.8	1.8	3.2	6.3	6.6	7.77%	2M 1D	2M 5D
DSP Liquidity Fund Growth	₹3,914.97 ↑ 0.45	₹16,866	0.8	1.8	3.2	6.3	6.5	7.48%	1M 28D	2M 1D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 28 Jul 23

Research Highlights & Commentary of 5 Funds showcased

Commentary	IDBI Liquid Fund	BOI AXA Liquid Fund	Edelweiss Liquid Fund	Axis Liquid Fund	DSP Liquidity Fund
Point 1	Bottom quartile AUM (₹503 Cr).	Bottom quartile AUM (₹1,611 Cr).	Lower mid AUM (₹8,877 Cr).	Highest AUM (₹30,188 Cr).	Upper mid AUM (₹16,866 Cr).
Point 2	Established history (15+ yrs).	Established history (17+ yrs).	Established history (18+ yrs).	Established history (16+ yrs).	Oldest track record among peers (20 yrs).
Point 3	Rating: 3★ (upper mid).	Rating: 3★ (lower mid).	Rating: 2★ (bottom quartile).	Top rated.	Rating: 3★ (bottom quartile).
Point 4	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.
Point 5	1Y return: 6.55% (top quartile).	1Y return: 6.31% (upper mid).	1Y return: 6.30% (lower mid).	1Y return: 6.30% (bottom quartile).	1Y return: 6.29% (bottom quartile).
Point 6	1M return: 0.53% (bottom quartile).	1M return: 0.73% (bottom quartile).	1M return: 0.75% (lower mid).	1M return: 0.77% (top quartile).	1M return: 0.76% (upper mid).
Point 7	Sharpe: 0.20 (bottom quartile).	Sharpe: 3.46 (top quartile).	Sharpe: 3.06 (lower mid).	Sharpe: 3.16 (upper mid).	Sharpe: 3.03 (bottom quartile).
Point 8	Information ratio: -5.96 (bottom quartile).	Information ratio: 1.76 (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): 6.66% (bottom quartile).	Yield to maturity (debt): 7.30% (bottom quartile).	Yield to maturity (debt): 7.42% (lower mid).	Yield to maturity (debt): 7.77% (top quartile).	Yield to maturity (debt): 7.48% (upper mid).
Point 10	Modified duration: 0.10 yrs (top quartile).	Modified duration: 0.14 yrs (upper mid).	Modified duration: 0.19 yrs (bottom quartile).	Modified duration: 0.17 yrs (bottom quartile).	Modified duration: 0.16 yrs (lower mid).

IDBI Liquid Fund

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

BOI AXA Liquid Fund

Bottom quartile AUM (₹1,611 Cr).
Established history (17+ yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.31% (upper mid).
1M return: 0.73% (bottom quartile).
Sharpe: 3.46 (top quartile).
Information ratio: 1.76 (top quartile).
Yield to maturity (debt): 7.30% (bottom quartile).
Modified duration: 0.14 yrs (upper mid).

Edelweiss Liquid Fund

Lower mid AUM (₹8,877 Cr).
Established history (18+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Low.
1Y return: 6.30% (lower mid).
1M return: 0.75% (lower mid).
Sharpe: 3.06 (lower mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.42% (lower mid).
Modified duration: 0.19 yrs (bottom quartile).

Axis Liquid Fund

Highest AUM (₹30,188 Cr).
Established history (16+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.30% (bottom quartile).
1M return: 0.77% (top quartile).
Sharpe: 3.16 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.77% (top quartile).
Modified duration: 0.17 yrs (bottom quartile).

DSP Liquidity Fund

Upper mid AUM (₹16,866 Cr).
Oldest track record among peers (20 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.29% (bottom quartile).
1M return: 0.76% (upper mid).
Sharpe: 3.03 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.48% (upper mid).
Modified duration: 0.16 yrs (lower mid).

Top 5 Ultra Short Term Funds with 1 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Franklin India Ultra Short Bond Fund - Super Institutional Plan Growth	₹34.9131 ↑ 0.04	₹297	1.3	5.9	13.7	8.8		0%		1Y 15D
Aditya Birla Sun Life Savings Fund Growth	₹576.451 ↓ 0.00	₹19,348	1.7	3	6.6	7.3	7.4	7.45%	5M 26D	7M 2D
ICICI Prudential Ultra Short Term Fund Growth	₹29.1044 ↑ 0.00	₹13,619	1.7	3	6.5	7.1	7.1	7.73%	5M 16D	6M 29D
IDBI Ultra Short Term Fund Growth	₹2,424.68 ↑ 0.44	₹146	1.6	3.4	6.4	4.8		6.83%	2M 10D	2M 23D
SBI Magnum Ultra Short Duration Fund Growth	₹6,275.6 ↑ 0.42	₹11,847	1.7	3.1	6.4	7	7	7.51%	5M 16D	10M 2D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 7 Aug 22

Research Highlights & Commentary of 5 Funds showcased

Commentary	Franklin India Ultra Short Bond Fund - Super Institutional Plan	Aditya Birla Sun Life Savings Fund	ICICI Prudential Ultra Short Term Fund	IDBI Ultra Short Term Fund	SBI Magnum Ultra Short Duration Fund
Point 1	Bottom quartile AUM (₹297 Cr).	Highest AUM (₹19,348 Cr).	Upper mid AUM (₹13,619 Cr).	Bottom quartile AUM (₹146 Cr).	Lower mid AUM (₹11,847 Cr).
Point 2	Established history (18+ yrs).	Established history (23+ yrs).	Established history (14+ yrs).	Established history (15+ yrs).	Oldest track record among peers (26 yrs).
Point 3	Rating: 1★ (bottom quartile).	Top rated.	Rating: 3★ (upper mid).	Rating: 1★ (bottom quartile).	Rating: 3★ (lower mid).
Point 4	Risk profile: Moderate.	Risk profile: Moderately Low.	Risk profile: Moderate.	Risk profile: Moderately Low.	Risk profile: Low.
Point 5	1Y return: 13.69% (top quartile).	1Y return: 6.58% (upper mid).	1Y return: 6.45% (lower mid).	1Y return: 6.39% (bottom quartile).	1Y return: 6.37% (bottom quartile).
Point 6	1M return: 0.59% (bottom quartile).	1M return: 0.67% (lower mid).	1M return: 0.73% (upper mid).	1M return: 0.52% (bottom quartile).	1M return: 0.74% (top quartile).
Point 7	Sharpe: 2.57 (top quartile).	Sharpe: 1.95 (upper mid).	Sharpe: 1.95 (lower mid).	Sharpe: -0.57 (bottom quartile).	Sharpe: 1.89 (bottom quartile).
Point 8	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 0.00% (bottom quartile).	Yield to maturity (debt): 7.45% (lower mid).	Yield to maturity (debt): 7.73% (top quartile).	Yield to maturity (debt): 6.83% (bottom quartile).	Yield to maturity (debt): 7.51% (upper mid).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 0.49 yrs (bottom quartile).	Modified duration: 0.46 yrs (lower mid).	Modified duration: 0.19 yrs (upper mid).	Modified duration: 0.46 yrs (bottom quartile).

Franklin India Ultra Short Bond Fund - Super Institutional Plan

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

Aditya Birla Sun Life Savings Fund

Highest AUM (₹19,348 Cr).
Established history (23+ yrs).
Top rated.
Risk profile: Moderately Low.
1Y return: 6.58% (upper mid).
1M return: 0.67% (lower mid).
Sharpe: 1.95 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.45% (lower mid).
Modified duration: 0.49 yrs (bottom quartile).

ICICI Prudential Ultra Short Term Fund

Upper mid AUM (₹13,619 Cr).
Established history (14+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderate.
1Y return: 6.45% (lower mid).
1M return: 0.73% (upper mid).
Sharpe: 1.95 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.73% (top quartile).
Modified duration: 0.46 yrs (lower mid).

IDBI Ultra Short Term Fund

Bottom quartile AUM (₹146 Cr).
Established history (15+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 6.39% (bottom quartile).
1M return: 0.52% (bottom quartile).
Sharpe: -0.57 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.83% (bottom quartile).
Modified duration: 0.19 yrs (upper mid).

SBI Magnum Ultra Short Duration Fund

Lower mid AUM (₹11,847 Cr).
Oldest track record among peers (26 yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.37% (bottom quartile).
1M return: 0.74% (top quartile).
Sharpe: 1.89 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.51% (upper mid).
Modified duration: 0.46 yrs (bottom quartile).

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Top 5 Short Term Funds with 3 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Franklin India Short Term Income Plan - Retail Plan Growth	₹15,041.3 ↑ 0.11	₹13	192.1	192.1	192.1	47.3		0%
ICICI Prudential Short Term Fund Growth	₹62.9972 ↑ 0.01	₹20,688	1.5	2.4	5.8	7.4	8	7.89%	2Y 4M 24D	3Y 11M 8D
HDFC Short Term Debt Fund Growth	₹33.4288 ↑ 0.01	₹14,728	1.4	2.1	5.6	7.4	7.8	7.85%	2Y 4M 17D	3Y 5M 12D
IDBI Short Term Bond Fund Growth	₹23.8418 ↓ 0.00	₹26	1.4	3.2	6.2	7.2		6.43%	3M	3M 14D
Axis Short Term Fund Growth	₹32.3189 ↑ 0.00	₹8,342	1.5	2.2	5.7	7.2	8.1	7.79%	2Y 2M 19D	3Y
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 2 May 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	Franklin India Short Term Income Plan - Retail Plan	ICICI Prudential Short Term Fund	HDFC Short Term Debt Fund	IDBI Short Term Bond Fund	Axis Short Term Fund
Point 1	Bottom quartile AUM (₹13 Cr).	Highest AUM (₹20,688 Cr).	Upper mid AUM (₹14,728 Cr).	Bottom quartile AUM (₹26 Cr).	Lower mid AUM (₹8,342 Cr).
Point 2	Oldest track record among peers (24 yrs).	Established history (24+ yrs).	Established history (15+ yrs).	Established history (15+ yrs).	Established history (16+ yrs).
Point 3	Rating: 2★ (bottom quartile).	Top rated.	Rating: 3★ (upper mid).	Rating: 2★ (bottom quartile).	Rating: 3★ (lower mid).
Point 4	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderately Low.	Risk profile: Moderately Low.	Risk profile: Moderately Low.
Point 5	1Y return: 192.10% (top quartile).	1Y return: 5.84% (lower mid).	1Y return: 5.56% (bottom quartile).	1Y return: 6.21% (upper mid).	1Y return: 5.71% (bottom quartile).
Point 6	1M return: 192.10% (top quartile).	1M return: 0.62% (upper mid).	1M return: 0.48% (bottom quartile).	1M return: 0.43% (bottom quartile).	1M return: 0.60% (lower mid).
Point 7	Sharpe: -90.89 (bottom quartile).	Sharpe: 0.34 (top quartile).	Sharpe: 0.22 (lower mid).	Sharpe: 0.10 (bottom quartile).	Sharpe: 0.24 (upper mid).
Point 8	Information ratio: -2.42 (bottom quartile).	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 0.00% (bottom quartile).	Yield to maturity (debt): 7.89% (top quartile).	Yield to maturity (debt): 7.85% (upper mid).	Yield to maturity (debt): 6.43% (bottom quartile).	Yield to maturity (debt): 7.79% (lower mid).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 2.40 yrs (bottom quartile).	Modified duration: 2.38 yrs (bottom quartile).	Modified duration: 0.25 yrs (upper mid).	Modified duration: 2.22 yrs (lower mid).

Franklin India Short Term Income Plan - Retail Plan

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

ICICI Prudential Short Term Fund

Highest AUM (₹20,688 Cr).
Established history (24+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 5.84% (lower mid).
1M return: 0.62% (upper mid).
Sharpe: 0.34 (top quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.89% (top quartile).
Modified duration: 2.40 yrs (bottom quartile).

HDFC Short Term Debt Fund

Upper mid AUM (₹14,728 Cr).
Established history (15+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately Low.
1Y return: 5.56% (bottom quartile).
1M return: 0.48% (bottom quartile).
Sharpe: 0.22 (lower mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.85% (upper mid).
Modified duration: 2.38 yrs (bottom quartile).

IDBI Short Term Bond Fund

Bottom quartile AUM (₹26 Cr).
Established history (15+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 6.21% (upper mid).
1M return: 0.43% (bottom quartile).
Sharpe: 0.10 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.43% (bottom quartile).
Modified duration: 0.25 yrs (upper mid).

Axis Short Term Fund

Lower mid AUM (₹8,342 Cr).
Established history (16+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately Low.
1Y return: 5.71% (bottom quartile).
1M return: 0.60% (lower mid).
Sharpe: 0.24 (upper mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.79% (lower mid).
Modified duration: 2.22 yrs (lower mid).

Top 5 Gilt Funds with 3 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
ICICI Prudential Gilt Fund Growth	₹105.37 ↑ 0.05	₹8,858	0.7	0.9	2.7	7	6.8	7.59%	8Y 4M 20D	20Y 7D
Bandhan Government Securities Fund - Investment Plan Growth	₹36.3115 ↑ 0.02	₹1,853	2.6	2.9	1.9	6.8	3.7	7.44%	7Y 5M 16D	19Y 6M
Axis Gilt Fund Growth	₹26.0303 ↑ 0.01	₹447	1.1	0.5	1.1	6.8	5.2	7.31%	6Y 9M 29D	16Y 9M
UTI Gilt Fund Growth	₹64.8694 ↑ 0.02	₹543	2.2	2.7	2.6	6.8	5.1	6.71%	6Y 8M 23D	15Y 2M 16D
SBI Magnum Gilt Fund Growth	₹66.9151 ↑ 0.02	₹9,629	1	0.4	0.5	6.3	4.5	6.91%	5Y 2M 26D	11Y 11M 19D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 21 Apr 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	ICICI Prudential Gilt Fund	Bandhan Government Securities Fund - Investment Plan	Axis Gilt Fund	UTI Gilt Fund	SBI Magnum Gilt Fund
Point 1	Upper mid AUM (₹8,858 Cr).	Lower mid AUM (₹1,853 Cr).	Bottom quartile AUM (₹447 Cr).	Bottom quartile AUM (₹543 Cr).	Highest AUM (₹9,629 Cr).
Point 2	Oldest track record among peers (26 yrs).	Established history (17+ yrs).	Established history (14+ yrs).	Established history (24+ yrs).	Established history (25+ yrs).
Point 3	Top rated.	Rating: 3★ (bottom quartile).	Rating: 1★ (bottom quartile).	Rating: 4★ (upper mid).	Rating: 4★ (lower mid).
Point 4	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.
Point 5	1Y return: 2.69% (top quartile).	1Y return: 1.95% (lower mid).	1Y return: 1.15% (bottom quartile).	1Y return: 2.58% (upper mid).	1Y return: 0.46% (bottom quartile).
Point 6	1M return: 0.36% (lower mid).	1M return: 1.38% (top quartile).	1M return: 0.26% (bottom quartile).	1M return: 0.99% (upper mid).	1M return: 0.04% (bottom quartile).
Point 7	Sharpe: -0.81 (upper mid).	Sharpe: -0.91 (lower mid).	Sharpe: -1.01 (bottom quartile).	Sharpe: -0.70 (top quartile).	Sharpe: -1.08 (bottom quartile).
Point 8	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 7.59% (top quartile).	Yield to maturity (debt): 7.44% (upper mid).	Yield to maturity (debt): 7.31% (lower mid).	Yield to maturity (debt): 6.71% (bottom quartile).	Yield to maturity (debt): 6.91% (bottom quartile).
Point 10	Modified duration: 8.39 yrs (bottom quartile).	Modified duration: 7.46 yrs (bottom quartile).	Modified duration: 6.83 yrs (lower mid).	Modified duration: 6.73 yrs (upper mid).	Modified duration: 5.24 yrs (top quartile).

ICICI Prudential Gilt Fund

Upper mid AUM (₹8,858 Cr).
Oldest track record among peers (26 yrs).
Top rated.
Risk profile: Moderate.
1Y return: 2.69% (top quartile).
1M return: 0.36% (lower mid).
Sharpe: -0.81 (upper mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.59% (top quartile).
Modified duration: 8.39 yrs (bottom quartile).

Bandhan Government Securities Fund - Investment Plan

Lower mid AUM (₹1,853 Cr).
Established history (17+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderate.
1Y return: 1.95% (lower mid).
1M return: 1.38% (top quartile).
Sharpe: -0.91 (lower mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.44% (upper mid).
Modified duration: 7.46 yrs (bottom quartile).

Axis Gilt Fund

Bottom quartile AUM (₹447 Cr).
Established history (14+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderate.
1Y return: 1.15% (bottom quartile).
1M return: 0.26% (bottom quartile).
Sharpe: -1.01 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.31% (lower mid).
Modified duration: 6.83 yrs (lower mid).

UTI Gilt Fund

Bottom quartile AUM (₹543 Cr).
Established history (24+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
1Y return: 2.58% (upper mid).
1M return: 0.99% (upper mid).
Sharpe: -0.70 (top quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.71% (bottom quartile).
Modified duration: 6.73 yrs (upper mid).

SBI Magnum Gilt Fund

Highest AUM (₹9,629 Cr).
Established history (25+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderate.
1Y return: 0.46% (bottom quartile).
1M return: 0.04% (bottom quartile).
Sharpe: -1.08 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.91% (bottom quartile).
Modified duration: 5.24 yrs (top 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	₹23.5307 ↑ 0.03	₹595	1	1.6	5.3	7.8	8.5	7.7%	4Y 5M 2D	6Y 2M 5D
ICICI Prudential Long Term Plan Growth	₹38.2525 ↑ 0.01	₹14,002	1.2	1.6	4.2	7.2	7.2	8.11%	5Y 3M 11D	12Y 7M 2D
Axis Dynamic Bond Fund Growth	₹30.7354 ↑ 0.01	₹1,073	1.8	2	3.9	7.1	7.1	7.46%	4Y 10M 13D	9Y 6M 22D
Aditya Birla Sun Life Dynamic Bond Fund Growth	₹47.8766 ↓ 0.00	₹1,510	1.5	1.5	3.4	7.1	7	8.68%	4Y 9M 4D	8Y 7M 20D
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	Axis Dynamic Bond Fund	Aditya Birla Sun Life Dynamic Bond Fund
Point 1	Bottom quartile AUM (₹99 Cr).	Bottom quartile AUM (₹595 Cr).	Highest AUM (₹14,002 Cr).	Lower mid AUM (₹1,073 Cr).	Upper mid AUM (₹1,510 Cr).
Point 2	Oldest track record among peers (29 yrs).	Established history (12+ yrs).	Established history (16+ yrs).	Established history (14+ yrs).	Established history (21+ yrs).
Point 3	Rating: 1★ (bottom quartile).	Not Rated.	Top rated.	Rating: 3★ (upper mid).	Rating: 3★ (lower 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: 5.29% (upper mid).	1Y return: 4.15% (lower mid).	1Y return: 3.91% (bottom quartile).	1Y return: 3.45% (bottom quartile).
Point 6	1M return: 1.43% (top quartile).	1M return: 0.51% (bottom quartile).	1M return: 0.51% (lower mid).	1M return: 0.75% (upper mid).	1M return: 0.48% (bottom quartile).
Point 7	Sharpe: 1.19 (top quartile).	Sharpe: -0.07 (upper mid).	Sharpe: -0.58 (bottom quartile).	Sharpe: -0.44 (lower mid).	Sharpe: -0.54 (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): 7.70% (lower mid).	Yield to maturity (debt): 8.11% (upper mid).	Yield to maturity (debt): 7.46% (bottom quartile).	Yield to maturity (debt): 8.68% (top quartile).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 4.42 yrs (upper mid).	Modified duration: 5.28 yrs (bottom quartile).	Modified duration: 4.87 yrs (bottom quartile).	Modified duration: 4.76 yrs (lower mid).

Franklin India Dynamic Accrual Fund

Bottom quartile AUM (₹99 Cr).
Oldest track record among peers (29 yrs).
Rating: 1★ (bottom quartile).
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 (₹595 Cr).
Established history (12+ yrs).
Not Rated.
Risk profile: Moderate.
1Y return: 5.29% (upper mid).
1M return: 0.51% (bottom quartile).
Sharpe: -0.07 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.70% (lower mid).
Modified duration: 4.42 yrs (upper mid).

ICICI Prudential Long Term Plan

Highest AUM (₹14,002 Cr).
Established history (16+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 4.15% (lower mid).
1M return: 0.51% (lower mid).
Sharpe: -0.58 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 8.11% (upper mid).
Modified duration: 5.28 yrs (bottom quartile).

Axis Dynamic Bond Fund

Lower mid AUM (₹1,073 Cr).
Established history (14+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderate.
1Y return: 3.91% (bottom quartile).
1M return: 0.75% (upper mid).
Sharpe: -0.44 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.46% (bottom quartile).
Modified duration: 4.87 yrs (bottom quartile).

Aditya Birla Sun Life Dynamic Bond Fund

Upper mid AUM (₹1,510 Cr).
Established history (21+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderate.
1Y return: 3.45% (bottom quartile).
1M return: 0.48% (bottom quartile).
Sharpe: -0.54 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 8.68% (top quartile).
Modified duration: 4.76 yrs (lower mid).

Best Equity Mutual Funds with Highest Returns 2026

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

Top 5 Large Cap Funds with 5 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
Nippon India Large Cap Fund Growth	₹90.8381 ↑ 0.90	₹46,521	0.9	-3.2	6	18.3	18.4	9.2
ICICI Prudential Bluechip Fund Growth	₹109.76 ↑ 0.74	₹69,948	-1.1	-3.6	4	17.3	16	11.3
Invesco India Largecap Fund Growth	₹69.65 ↑ 0.82	₹1,537	1.7	-3.2	6.1	17.9	15.1	5.5
HDFC Top 100 Fund Growth	₹1,121.22 ↑ 10.19	₹35,458	-2.2	-4	1.3	14.5	15	7.9
JM Core 11 Fund Growth	₹19.3141 ↑ 0.14	₹248	0.8	-6.9	1.9	17.5	14.7	-1.9
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 21 Apr 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	Nippon India Large Cap Fund	ICICI Prudential Bluechip Fund	Invesco India Largecap Fund	HDFC Top 100 Fund	JM Core 11 Fund
Point 1	Upper mid AUM (₹46,521 Cr).	Highest AUM (₹69,948 Cr).	Bottom quartile AUM (₹1,537 Cr).	Lower mid AUM (₹35,458 Cr).	Bottom quartile AUM (₹248 Cr).
Point 2	Established history (18+ yrs).	Established history (17+ yrs).	Established history (16+ yrs).	Oldest track record among peers (29 yrs).	Established history (18+ yrs).
Point 3	Top rated.	Rating: 4★ (upper mid).	Rating: 3★ (bottom quartile).	Rating: 3★ (bottom quartile).	Rating: 4★ (lower mid).
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: 18.39% (top quartile).	5Y return: 16.05% (upper mid).	5Y return: 15.14% (lower mid).	5Y return: 15.04% (bottom quartile).	5Y return: 14.66% (bottom quartile).
Point 6	3Y return: 18.30% (top quartile).	3Y return: 17.30% (bottom quartile).	3Y return: 17.90% (upper mid).	3Y return: 14.51% (bottom quartile).	3Y return: 17.48% (lower mid).
Point 7	1Y return: 6.01% (upper mid).	1Y return: 4.03% (lower mid).	1Y return: 6.09% (top quartile).	1Y return: 1.33% (bottom quartile).	1Y return: 1.95% (bottom quartile).
Point 8	Alpha: 0.82 (upper mid).	Alpha: 0.19 (lower mid).	Alpha: 0.93 (top quartile).	Alpha: -1.93 (bottom quartile).	Alpha: -5.93 (bottom quartile).
Point 9	Sharpe: -0.49 (top quartile).	Sharpe: -0.55 (lower mid).	Sharpe: -0.50 (upper mid).	Sharpe: -0.70 (bottom quartile).	Sharpe: -0.86 (bottom quartile).
Point 10	Information ratio: 1.17 (top quartile).	Information ratio: 1.02 (upper mid).	Information ratio: 0.54 (lower mid).	Information ratio: 0.10 (bottom quartile).	Information ratio: -0.01 (bottom quartile).

Nippon India Large Cap Fund

Upper mid AUM (₹46,521 Cr).
Established history (18+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 18.39% (top quartile).
3Y return: 18.30% (top quartile).
1Y return: 6.01% (upper mid).
Alpha: 0.82 (upper mid).
Sharpe: -0.49 (top quartile).
Information ratio: 1.17 (top quartile).

ICICI Prudential Bluechip Fund

Highest AUM (₹69,948 Cr).
Established history (17+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 16.05% (upper mid).
3Y return: 17.30% (bottom quartile).
1Y return: 4.03% (lower mid).
Alpha: 0.19 (lower mid).
Sharpe: -0.55 (lower mid).
Information ratio: 1.02 (upper mid).

Invesco India Largecap Fund

Bottom quartile AUM (₹1,537 Cr).
Established history (16+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 15.14% (lower mid).
3Y return: 17.90% (upper mid).
1Y return: 6.09% (top quartile).
Alpha: 0.93 (top quartile).
Sharpe: -0.50 (upper mid).
Information ratio: 0.54 (lower mid).

HDFC Top 100 Fund

Lower mid AUM (₹35,458 Cr).
Oldest track record among peers (29 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 15.04% (bottom quartile).
3Y return: 14.51% (bottom quartile).
1Y return: 1.33% (bottom quartile).
Alpha: -1.93 (bottom quartile).
Sharpe: -0.70 (bottom quartile).
Information ratio: 0.10 (bottom quartile).

JM Core 11 Fund

Bottom quartile AUM (₹248 Cr).
Established history (18+ yrs).
Rating: 4★ (lower mid).
Risk profile: High.
5Y return: 14.66% (bottom quartile).
3Y return: 17.48% (lower mid).
1Y return: 1.95% (bottom quartile).
Alpha: -5.93 (bottom quartile).
Sharpe: -0.86 (bottom quartile).
Information ratio: -0.01 (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	₹93.2325 ↑ 0.80	₹31,047	-0.6	-11	0.9	22.9	24.4	-12.1
Nippon India Small Cap Fund Growth	₹169.149 ↑ 1.13	₹61,809	8.9	-0.5	8.2	21.6	23.3	-4.7
HDFC Mid-Cap Opportunities Fund Growth	₹200.107 ↑ 1.58	₹85,358	1.4	0.3	13.2	25.1	22.6	6.8
Invesco India Mid Cap Fund Growth	₹180.57 ↑ 1.32	₹9,895	4.9	-3.2	14.2	27.1	22	6.3
Edelweiss Mid Cap Fund Growth	₹103.835 ↑ 0.64	₹13,554	4.4	0.7	12.2	26.3	21.8	3.8
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 21 Apr 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	Motilal Oswal Midcap 30 Fund	Nippon India Small Cap Fund	HDFC Mid-Cap Opportunities Fund	Invesco India Mid Cap Fund	Edelweiss Mid Cap Fund
Point 1	Lower mid AUM (₹31,047 Cr).	Upper mid AUM (₹61,809 Cr).	Highest AUM (₹85,358 Cr).	Bottom quartile AUM (₹9,895 Cr).	Bottom quartile AUM (₹13,554 Cr).
Point 2	Established history (12+ yrs).	Established history (15+ yrs).	Established history (18+ yrs).	Oldest track record among peers (19 yrs).	Established history (18+ yrs).
Point 3	Rating: 3★ (upper mid).	Top rated.	Rating: 3★ (lower mid).	Rating: 2★ (bottom quartile).	Rating: 3★ (bottom quartile).
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: High.
Point 5	5Y return: 24.41% (top quartile).	5Y return: 23.33% (upper mid).	5Y return: 22.59% (lower mid).	5Y return: 21.97% (bottom quartile).	5Y return: 21.82% (bottom quartile).
Point 6	3Y return: 22.87% (bottom quartile).	3Y return: 21.65% (bottom quartile).	3Y return: 25.06% (lower mid).	3Y return: 27.07% (top quartile).	3Y return: 26.29% (upper mid).
Point 7	1Y return: 0.92% (bottom quartile).	1Y return: 8.22% (bottom quartile).	1Y return: 13.21% (upper mid).	1Y return: 14.16% (top quartile).	1Y return: 12.18% (lower mid).
Point 8	Alpha: -16.24 (bottom quartile).	Alpha: 0.92 (upper mid).	Alpha: 1.20 (top quartile).	Alpha: 0.00 (lower mid).	Alpha: -0.08 (bottom quartile).
Point 9	Sharpe: -1.08 (bottom quartile).	Sharpe: -0.42 (bottom quartile).	Sharpe: -0.04 (top quartile).	Sharpe: -0.08 (upper mid).	Sharpe: -0.12 (lower mid).
Point 10	Information ratio: -0.23 (bottom quartile).	Information ratio: -0.21 (bottom quartile).	Information ratio: 0.39 (top quartile).	Information ratio: 0.00 (lower mid).	Information ratio: 0.31 (upper mid).

Motilal Oswal Midcap 30 Fund

Lower mid AUM (₹31,047 Cr).
Established history (12+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 24.41% (top quartile).
3Y return: 22.87% (bottom quartile).
1Y return: 0.92% (bottom quartile).
Alpha: -16.24 (bottom quartile).
Sharpe: -1.08 (bottom quartile).
Information ratio: -0.23 (bottom quartile).

Nippon India Small Cap Fund

Upper mid AUM (₹61,809 Cr).
Established history (15+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 23.33% (upper mid).
3Y return: 21.65% (bottom quartile).
1Y return: 8.22% (bottom quartile).
Alpha: 0.92 (upper mid).
Sharpe: -0.42 (bottom quartile).
Information ratio: -0.21 (bottom quartile).

HDFC Mid-Cap Opportunities Fund

Highest AUM (₹85,358 Cr).
Established history (18+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 22.59% (lower mid).
3Y return: 25.06% (lower mid).
1Y return: 13.21% (upper mid).
Alpha: 1.20 (top quartile).
Sharpe: -0.04 (top quartile).
Information ratio: 0.39 (top quartile).

Invesco India Mid Cap Fund

Bottom quartile AUM (₹9,895 Cr).
Oldest track record among peers (19 yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 21.97% (bottom quartile).
3Y return: 27.07% (top quartile).
1Y return: 14.16% (top quartile).
Alpha: 0.00 (lower mid).
Sharpe: -0.08 (upper mid).
Information ratio: 0.00 (lower mid).

Edelweiss Mid Cap Fund

Bottom quartile AUM (₹13,554 Cr).
Established history (18+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: High.
5Y return: 21.82% (bottom quartile).
3Y return: 26.29% (upper mid).
1Y return: 12.18% (lower mid).
Alpha: -0.08 (bottom quartile).
Sharpe: -0.12 (lower mid).
Information ratio: 0.31 (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	₹299.111 ↑ 2.50	₹46,321	5.5	-1.9	7.7	21.9	22.4	4.1
HDFC Equity Fund Growth	₹2,009.4 ↑ 13.83	₹91,335	-1.2	-3.1	5	21.1	21.1	11.4
Mahindra Badhat Yojana Growth	₹36.2704 ↑ 0.11	₹5,661	4.2	0.7	9.2	21.6	19	3.4
ICICI Prudential Multicap Fund Growth	₹822.31 ↑ 5.16	₹14,681	7.5	2.4	8.7	21.5	18.9	5.7
JM Multicap Fund Growth	₹93.2669 ↑ 0.53	₹4,504	1	-6.3	-1.6	19.6	17.9	-6.8
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 21 Apr 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	Nippon India Multi Cap Fund	HDFC Equity Fund	Mahindra Badhat Yojana	ICICI Prudential Multicap Fund	JM Multicap Fund
Point 1	Upper mid AUM (₹46,321 Cr).	Highest AUM (₹91,335 Cr).	Bottom quartile AUM (₹5,661 Cr).	Lower mid AUM (₹14,681 Cr).	Bottom quartile AUM (₹4,504 Cr).
Point 2	Established history (21+ yrs).	Oldest track record among peers (31 yrs).	Established history (8+ yrs).	Established history (31+ yrs).	Established history (17+ yrs).
Point 3	Rating: 2★ (bottom quartile).	Rating: 3★ (upper mid).	Not Rated.	Rating: 3★ (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: 22.42% (top quartile).	5Y return: 21.05% (upper mid).	5Y return: 18.97% (lower mid).	5Y return: 18.85% (bottom quartile).	5Y return: 17.91% (bottom quartile).
Point 6	3Y return: 21.86% (top quartile).	3Y return: 21.11% (bottom quartile).	3Y return: 21.56% (upper mid).	3Y return: 21.52% (lower mid).	3Y return: 19.55% (bottom quartile).
Point 7	1Y return: 7.75% (lower mid).	1Y return: 4.98% (bottom quartile).	1Y return: 9.20% (top quartile).	1Y return: 8.66% (upper mid).	1Y return: -1.64% (bottom quartile).
Point 8	Alpha: 0.48 (upper mid).	Alpha: 0.41 (lower mid).	Alpha: 2.90 (top quartile).	Alpha: -1.27 (bottom quartile).	Alpha: -6.15 (bottom quartile).
Point 9	Sharpe: -0.40 (upper mid).	Sharpe: -0.44 (lower mid).	Sharpe: -0.24 (top quartile).	Sharpe: -0.52 (bottom quartile).	Sharpe: -0.93 (bottom quartile).
Point 10	Information ratio: 0.49 (upper mid).	Information ratio: 1.07 (top quartile).	Information ratio: 0.38 (bottom quartile).	Information ratio: 0.23 (bottom quartile).	Information ratio: 0.42 (lower mid).

Nippon India Multi Cap Fund

Upper mid AUM (₹46,321 Cr).
Established history (21+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 22.42% (top quartile).
3Y return: 21.86% (top quartile).
1Y return: 7.75% (lower mid).
Alpha: 0.48 (upper mid).
Sharpe: -0.40 (upper mid).
Information ratio: 0.49 (upper mid).

HDFC Equity Fund

Highest AUM (₹91,335 Cr).
Oldest track record among peers (31 yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 21.05% (upper mid).
3Y return: 21.11% (bottom quartile).
1Y return: 4.98% (bottom quartile).
Alpha: 0.41 (lower mid).
Sharpe: -0.44 (lower mid).
Information ratio: 1.07 (top quartile).

Mahindra Badhat Yojana

Bottom quartile AUM (₹5,661 Cr).
Established history (8+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 18.97% (lower mid).
3Y return: 21.56% (upper mid).
1Y return: 9.20% (top quartile).
Alpha: 2.90 (top quartile).
Sharpe: -0.24 (top quartile).
Information ratio: 0.38 (bottom quartile).

ICICI Prudential Multicap Fund

Lower mid AUM (₹14,681 Cr).
Established history (31+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 18.85% (bottom quartile).
3Y return: 21.52% (lower mid).
1Y return: 8.66% (upper mid).
Alpha: -1.27 (bottom quartile).
Sharpe: -0.52 (bottom quartile).
Information ratio: 0.23 (bottom quartile).

JM Multicap Fund

Bottom quartile AUM (₹4,504 Cr).
Established history (17+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 17.91% (bottom quartile).
3Y return: 19.55% (bottom quartile).
1Y return: -1.64% (bottom quartile).
Alpha: -6.15 (bottom quartile).
Sharpe: -0.93 (bottom quartile).
Information ratio: 0.42 (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 (%)
SBI PSU Fund Growth	₹36.4763 ↑ 0.08	₹5,891	8.9	10.5	16.6	33.2	29	11.3
ICICI Prudential Infrastructure Fund Growth	₹201.42 ↑ 0.93	₹7,554	7.5	1.2	10.4	25.2	27.9	6.7
Invesco India PSU Equity Fund Growth	₹68.85 ↓ -0.06	₹1,335	6	5.7	14.6	30.7	27.1	10.3
Nippon India Power and Infra Fund Growth	₹374.18 ↑ 0.99	₹6,534	15.6	5.9	14.3	28.2	26.2	-0.5
DSP India T.I.G.E.R Fund Growth	₹340.756 ↑ 1.47	₹4,979	14	7.5	16.9	27.8	26	-2.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 21 Apr 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	SBI PSU Fund	ICICI Prudential Infrastructure Fund	Invesco India PSU Equity Fund	Nippon India Power and Infra Fund	DSP India T.I.G.E.R Fund
Point 1	Lower mid AUM (₹5,891 Cr).	Highest AUM (₹7,554 Cr).	Bottom quartile AUM (₹1,335 Cr).	Upper mid AUM (₹6,534 Cr).	Bottom quartile AUM (₹4,979 Cr).
Point 2	Established history (15+ yrs).	Established history (20+ yrs).	Established history (16+ yrs).	Oldest track record among peers (21 yrs).	Established history (21+ yrs).
Point 3	Rating: 2★ (bottom quartile).	Rating: 3★ (lower mid).	Rating: 3★ (bottom quartile).	Top rated.	Rating: 4★ (upper mid).
Point 4	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.
Point 5	5Y return: 29.04% (top quartile).	5Y return: 27.89% (upper mid).	5Y return: 27.08% (lower mid).	5Y return: 26.19% (bottom quartile).	5Y return: 25.97% (bottom quartile).
Point 6	3Y return: 33.22% (top quartile).	3Y return: 25.21% (bottom quartile).	3Y return: 30.74% (upper mid).	3Y return: 28.23% (lower mid).	3Y return: 27.79% (bottom quartile).
Point 7	1Y return: 16.64% (upper mid).	1Y return: 10.37% (bottom quartile).	1Y return: 14.64% (lower mid).	1Y return: 14.32% (bottom quartile).	1Y return: 16.88% (top quartile).
Point 8	Alpha: -1.15 (bottom quartile).	Alpha: 0.00 (top quartile).	Alpha: -6.00 (bottom quartile).	Alpha: -0.88 (lower mid).	Alpha: 0.00 (upper mid).
Point 9	Sharpe: 0.27 (top quartile).	Sharpe: -0.38 (bottom quartile).	Sharpe: 0.01 (upper mid).	Sharpe: -0.19 (bottom quartile).	Sharpe: -0.01 (lower mid).
Point 10	Information ratio: -0.31 (bottom quartile).	Information ratio: 0.00 (upper mid).	Information ratio: -0.79 (bottom quartile).	Information ratio: 0.38 (top quartile).	Information ratio: 0.00 (lower mid).

SBI PSU Fund

Lower mid AUM (₹5,891 Cr).
Established history (15+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: High.
5Y return: 29.04% (top quartile).
3Y return: 33.22% (top quartile).
1Y return: 16.64% (upper mid).
Alpha: -1.15 (bottom quartile).
Sharpe: 0.27 (top quartile).
Information ratio: -0.31 (bottom quartile).

ICICI Prudential Infrastructure Fund

Highest AUM (₹7,554 Cr).
Established history (20+ yrs).
Rating: 3★ (lower mid).
Risk profile: High.
5Y return: 27.89% (upper mid).
3Y return: 25.21% (bottom quartile).
1Y return: 10.37% (bottom quartile).
Alpha: 0.00 (top quartile).
Sharpe: -0.38 (bottom quartile).
Information ratio: 0.00 (upper mid).

Invesco India PSU Equity Fund

Bottom quartile AUM (₹1,335 Cr).
Established history (16+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: High.
5Y return: 27.08% (lower mid).
3Y return: 30.74% (upper mid).
1Y return: 14.64% (lower mid).
Alpha: -6.00 (bottom quartile).
Sharpe: 0.01 (upper mid).
Information ratio: -0.79 (bottom quartile).

Nippon India Power and Infra Fund

Upper mid AUM (₹6,534 Cr).
Oldest track record among peers (21 yrs).
Top rated.
Risk profile: High.
5Y return: 26.19% (bottom quartile).
3Y return: 28.23% (lower mid).
1Y return: 14.32% (bottom quartile).
Alpha: -0.88 (lower mid).
Sharpe: -0.19 (bottom quartile).
Information ratio: 0.38 (top quartile).

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

Bottom quartile AUM (₹4,979 Cr).
Established history (21+ yrs).
Rating: 4★ (upper mid).
Risk profile: High.
5Y return: 25.97% (bottom quartile).
3Y return: 27.79% (bottom quartile).
1Y return: 16.88% (top quartile).
Alpha: 0.00 (upper mid).
Sharpe: -0.01 (lower mid).
Information ratio: 0.00 (lower mid).

Best Hybrid Mutual Funds with Highest Returns 2026

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

Top 5 Hybrid Debt Funds with 3 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
ICICI Prudential MIP 25 Growth	₹78.0103 ↑ 0.17	₹3,225	1	0.8	5.6	10	8.9	7.9
SBI Debt Hybrid Fund Growth	₹75.2325 ↑ 0.12	₹9,546	2.2	1.9	6	9.8	9.4	6.7
DSP Regular Savings Fund Growth	₹60.1675 ↑ 0.09	₹176	0.9	1.2	3.7	9.6	7.8	7.2
Kotak Debt Hybrid Fund Growth	₹59.064 ↑ 0.13	₹2,863	0.4	-0.8	2	9.4	8.8	5.3
HDFC Hybrid Debt Fund Growth	₹83.2551 ↑ 0.14	₹3,198	0.7	0	2.1	9.2	9.2	5.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 21 Apr 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	ICICI Prudential MIP 25	SBI Debt Hybrid Fund	DSP Regular Savings Fund	Kotak Debt Hybrid Fund	HDFC Hybrid Debt Fund
Point 1	Upper mid AUM (₹3,225 Cr).	Highest AUM (₹9,546 Cr).	Bottom quartile AUM (₹176 Cr).	Bottom quartile AUM (₹2,863 Cr).	Lower mid AUM (₹3,198 Cr).
Point 2	Established history (22+ yrs).	Oldest track record among peers (25 yrs).	Established history (21+ yrs).	Established history (22+ yrs).	Established history (22+ yrs).
Point 3	Top rated.	Rating: 5★ (upper mid).	Rating: 3★ (bottom quartile).	Rating: 4★ (lower 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: 8.88% (lower mid).	5Y return: 9.39% (top quartile).	5Y return: 7.83% (bottom quartile).	5Y return: 8.84% (bottom quartile).	5Y return: 9.15% (upper mid).
Point 6	3Y return: 9.98% (top quartile).	3Y return: 9.81% (upper mid).	3Y return: 9.56% (lower mid).	3Y return: 9.37% (bottom quartile).	3Y return: 9.17% (bottom quartile).
Point 7	1Y return: 5.58% (upper mid).	1Y return: 5.98% (top quartile).	1Y return: 3.75% (lower mid).	1Y return: 1.98% (bottom quartile).	1Y return: 2.14% (bottom quartile).
Point 8	1M return: 2.04% (upper mid).	1M return: 2.49% (top quartile).	1M return: 2.02% (lower mid).	1M return: 1.62% (bottom quartile).	1M return: 1.38% (bottom quartile).
Point 9	Alpha: 0.00 (top quartile).	Alpha: 0.00 (upper mid).	Alpha: -1.31 (bottom quartile).	Alpha: -1.10 (bottom quartile).	Alpha: 0.00 (lower mid).
Point 10	Sharpe: -0.43 (upper mid).	Sharpe: -0.42 (top quartile).	Sharpe: -0.98 (bottom quartile).	Sharpe: -0.86 (lower mid).	Sharpe: -0.89 (bottom quartile).

ICICI Prudential MIP 25

Upper mid AUM (₹3,225 Cr).
Established history (22+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 8.88% (lower mid).
3Y return: 9.98% (top quartile).
1Y return: 5.58% (upper mid).
1M return: 2.04% (upper mid).
Alpha: 0.00 (top quartile).
Sharpe: -0.43 (upper mid).

SBI Debt Hybrid Fund

Highest AUM (₹9,546 Cr).
Oldest track record among peers (25 yrs).
Rating: 5★ (upper mid).
Risk profile: Moderate.
5Y return: 9.39% (top quartile).
3Y return: 9.81% (upper mid).
1Y return: 5.98% (top quartile).
1M return: 2.49% (top quartile).
Alpha: 0.00 (upper mid).
Sharpe: -0.42 (top quartile).

DSP Regular Savings Fund

Bottom quartile AUM (₹176 Cr).
Established history (21+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 7.83% (bottom quartile).
3Y return: 9.56% (lower mid).
1Y return: 3.75% (lower mid).
1M return: 2.02% (lower mid).
Alpha: -1.31 (bottom quartile).
Sharpe: -0.98 (bottom quartile).

Kotak Debt Hybrid Fund

Bottom quartile AUM (₹2,863 Cr).
Established history (22+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderate.
5Y return: 8.84% (bottom quartile).
3Y return: 9.37% (bottom quartile).
1Y return: 1.98% (bottom quartile).
1M return: 1.62% (bottom quartile).
Alpha: -1.10 (bottom quartile).
Sharpe: -0.86 (lower mid).

HDFC Hybrid Debt Fund

Lower mid AUM (₹3,198 Cr).
Established history (22+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 9.15% (upper mid).
3Y return: 9.17% (bottom quartile).
1Y return: 2.14% (bottom quartile).
1M return: 1.38% (bottom quartile).
Alpha: 0.00 (lower mid).
Sharpe: -0.89 (bottom quartile).

Top 5 Hybrid Equity Funds with 3 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
BOI AXA Mid and Small Cap Equity and Debt Fund Growth	₹40.03 ↑ 0.30	₹1,282	9.2	5.1	12.2	20.4	18.1	-0.9
ICICI Prudential Equity and Debt Fund Growth	₹405.96 ↑ 2.07	₹46,700	1.6	-0.7	7	19	19.3	13.3
JM Equity Hybrid Fund Growth	₹116.685 ↑ 0.78	₹652	0.6	-5.1	-0.2	17.6	15.4	-3.1
Bandhan Hybrid Equity Fund Growth	₹26.856 ↑ 0.16	₹1,676	2.7	-0.4	9.8	16.5	13.9	7.7
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 21 Apr 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	BOI AXA Mid and Small Cap Equity and Debt Fund	ICICI Prudential Equity and Debt Fund	JM Equity Hybrid Fund	Bandhan Hybrid Equity Fund	Sundaram Equity Hybrid Fund
Point 1	Bottom quartile AUM (₹1,282 Cr).	Highest AUM (₹46,700 Cr).	Bottom quartile AUM (₹652 Cr).	Lower mid AUM (₹1,676 Cr).	Upper mid AUM (₹1,954 Cr).
Point 2	Established history (9+ yrs).	Established history (26+ yrs).	Oldest track record among peers (31 yrs).	Established history (9+ yrs).	Established history (25+ yrs).
Point 3	Not Rated.	Top rated.	Rating: 1★ (lower mid).	Not Rated.	Rating: 2★ (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: 18.13% (upper mid).	5Y return: 19.33% (top quartile).	5Y return: 15.39% (lower mid).	5Y return: 13.87% (bottom quartile).	5Y return: 14.20% (bottom quartile).
Point 6	3Y return: 20.39% (top quartile).	3Y return: 18.98% (upper mid).	3Y return: 17.63% (lower mid).	3Y return: 16.49% (bottom quartile).	3Y return: 16.03% (bottom quartile).
Point 7	1Y return: 12.19% (upper mid).	1Y return: 7.05% (bottom quartile).	1Y return: -0.22% (bottom quartile).	1Y return: 9.80% (lower mid).	1Y return: 27.10% (top quartile).
Point 8	1M return: 9.58% (top quartile).	1M return: 5.52% (bottom quartile).	1M return: 7.40% (upper mid).	1M return: 6.63% (lower mid).	1M return: 1.80% (bottom quartile).
Point 9	Alpha: 0.00 (bottom quartile).	Alpha: 2.02 (lower mid).	Alpha: -5.37 (bottom quartile).	Alpha: 2.97 (upper mid).	Alpha: 5.81 (top quartile).
Point 10	Sharpe: -0.22 (upper mid).	Sharpe: -0.33 (bottom quartile).	Sharpe: -0.95 (bottom quartile).	Sharpe: -0.26 (lower mid).	Sharpe: 2.64 (top quartile).

BOI AXA Mid and Small Cap Equity and Debt Fund

Bottom quartile AUM (₹1,282 Cr).
Established history (9+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 18.13% (upper mid).
3Y return: 20.39% (top quartile).
1Y return: 12.19% (upper mid).
1M return: 9.58% (top quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: -0.22 (upper mid).

ICICI Prudential Equity and Debt Fund

Highest AUM (₹46,700 Cr).
Established history (26+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 19.33% (top quartile).
3Y return: 18.98% (upper mid).
1Y return: 7.05% (bottom quartile).
1M return: 5.52% (bottom quartile).
Alpha: 2.02 (lower mid).
Sharpe: -0.33 (bottom quartile).

JM Equity Hybrid Fund

Bottom quartile AUM (₹652 Cr).
Oldest track record among peers (31 yrs).
Rating: 1★ (lower mid).
Risk profile: Moderately High.
5Y return: 15.39% (lower mid).
3Y return: 17.63% (lower mid).
1Y return: -0.22% (bottom quartile).
1M return: 7.40% (upper mid).
Alpha: -5.37 (bottom quartile).
Sharpe: -0.95 (bottom quartile).

Bandhan Hybrid Equity Fund

Lower mid AUM (₹1,676 Cr).
Established history (9+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 13.87% (bottom quartile).
3Y return: 16.49% (bottom quartile).
1Y return: 9.80% (lower mid).
1M return: 6.63% (lower mid).
Alpha: 2.97 (upper mid).
Sharpe: -0.26 (lower mid).

Sundaram Equity Hybrid Fund

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

Best Gold Funds with 3 Year Highest Returns 2026

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

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
SBI Gold Fund Growth	₹44.1519 ↑ 0.09	₹14,998	-6.8	18.8	54.5	34.4	24.7	71.5
ICICI Prudential Regular Gold Savings Fund Growth	₹46.6996 ↑ 0.10	₹6,164	-5.4	19.7	54.3	34.3	24.7	72
Aditya Birla Sun Life Gold Fund Growth	₹43.7823 ↑ 0.08	₹1,668	-9.7	18.8	53	34.3	24.5	72
Nippon India Gold Savings Fund Growth	₹57.6311 ↑ 0.10	₹6,924	-1.5	18.8	53.8	34.2	24.5	71.2
Kotak Gold Fund Growth	₹57.8599 ↑ 0.18	₹6,439	-5.4	18.7	53.9	34.1	24.3	70.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 21 Apr 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	SBI Gold Fund	ICICI Prudential Regular Gold Savings Fund	Aditya Birla Sun Life Gold Fund	Nippon India Gold Savings Fund	Kotak Gold Fund
Point 1	Highest AUM (₹14,998 Cr).	Bottom quartile AUM (₹6,164 Cr).	Bottom quartile AUM (₹1,668 Cr).	Upper mid AUM (₹6,924 Cr).	Lower mid AUM (₹6,439 Cr).
Point 2	Established history (14+ yrs).	Established history (14+ yrs).	Established history (14+ yrs).	Oldest track record among peers (15 yrs).	Established history (15+ yrs).
Point 3	Rating: 2★ (upper mid).	Rating: 1★ (bottom quartile).	Top rated.	Rating: 2★ (lower mid).	Rating: 1★ (bottom quartile).
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 24.74% (top quartile).	5Y return: 24.69% (upper mid).	5Y return: 24.52% (lower mid).	5Y return: 24.49% (bottom quartile).	5Y return: 24.34% (bottom quartile).
Point 6	3Y return: 34.42% (top quartile).	3Y return: 34.32% (upper mid).	3Y return: 34.26% (lower mid).	3Y return: 34.16% (bottom quartile).	3Y return: 34.13% (bottom quartile).
Point 7	1Y return: 54.50% (top quartile).	1Y return: 54.28% (upper mid).	1Y return: 53.01% (bottom quartile).	1Y return: 53.83% (bottom quartile).	1Y return: 53.92% (lower mid).
Point 8	1M return: 3.47% (upper mid).	1M return: 3.66% (top quartile).	1M return: 3.40% (lower mid).	1M return: 3.39% (bottom quartile).	1M return: 3.04% (bottom quartile).
Point 9	Alpha: 0.00 (top quartile).	Alpha: 0.00 (upper mid).	Alpha: 0.00 (lower mid).	Alpha: 0.00 (bottom quartile).	Alpha: 0.00 (bottom quartile).
Point 10	Sharpe: 1.95 (upper mid).	Sharpe: 1.82 (lower mid).	Sharpe: 1.73 (bottom quartile).	Sharpe: 1.76 (bottom quartile).	Sharpe: 2.12 (top quartile).

SBI Gold Fund

Highest AUM (₹14,998 Cr).
Established history (14+ yrs).
Rating: 2★ (upper mid).
Risk profile: Moderately High.
5Y return: 24.74% (top quartile).
3Y return: 34.42% (top quartile).
1Y return: 54.50% (top quartile).
1M return: 3.47% (upper mid).
Alpha: 0.00 (top quartile).
Sharpe: 1.95 (upper mid).

ICICI Prudential Regular Gold Savings Fund

Bottom quartile AUM (₹6,164 Cr).
Established history (14+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 24.69% (upper mid).
3Y return: 34.32% (upper mid).
1Y return: 54.28% (upper mid).
1M return: 3.66% (top quartile).
Alpha: 0.00 (upper mid).
Sharpe: 1.82 (lower mid).

Aditya Birla Sun Life Gold Fund

Bottom quartile AUM (₹1,668 Cr).
Established history (14+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 24.52% (lower mid).
3Y return: 34.26% (lower mid).
1Y return: 53.01% (bottom quartile).
1M return: 3.40% (lower mid).
Alpha: 0.00 (lower mid).
Sharpe: 1.73 (bottom quartile).

Nippon India Gold Savings Fund

Upper mid AUM (₹6,924 Cr).
Oldest track record among peers (15 yrs).
Rating: 2★ (lower mid).
Risk profile: Moderately High.
5Y return: 24.49% (bottom quartile).
3Y return: 34.16% (bottom quartile).
1Y return: 53.83% (bottom quartile).
1M return: 3.39% (bottom quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: 1.76 (bottom quartile).

Kotak Gold Fund

Lower mid AUM (₹6,439 Cr).
Established history (15+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 24.34% (bottom quartile).
3Y return: 34.13% (bottom quartile).
1Y return: 53.92% (lower mid).
1M return: 3.04% (bottom quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: 2.12 (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.