Best Mutual Funds with Highest Returns 2025

Updated on October 19, 2025 , 15988 views

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

What are Mutual Funds?

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

Best Mutual Funds to Invest with Highest Returns

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

Best Debt Mutual Funds with Highest Returns 2025

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

Top 5 Liquid Funds with 1 Year Highest Returns

Fund	NAV	Net Assets (Cr)	1 MO (%)	3 MO (%)	6 MO (%)	1 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
BOI AXA Liquid Fund Growth	₹3,060.96 ↑ 0.48	₹1,824	0.5	1.4	3	6.8	7.4	5.82%	1M 10D	1M 10D
Axis Liquid Fund Growth	₹2,959.33 ↑ 0.46	₹37,122	0.5	1.4	3	6.8	7.4	5.9%	1M 9D	1M 11D
Indiabulls Liquid Fund Growth	₹2,569.41 ↑ 0.42	₹303	0.5	1.4	3	6.8	7.4	5.88%	1M 3D	1M 3D
PGIM India Insta Cash Fund Growth	₹345.89 ↑ 0.05	₹527	0.5	1.4	3	6.8	7.3	5.83%	20D	22D
Edelweiss Liquid Fund Growth	₹3,397.98 ↑ 0.55	₹10,218	0.5	1.4	3	6.8	7.3	5.83%	1M 10D	1M 10D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Oct 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	BOI AXA Liquid Fund	Axis Liquid Fund	Indiabulls Liquid Fund	PGIM India Insta Cash Fund	Edelweiss Liquid Fund
Point 1	Lower mid AUM (₹1,824 Cr).	Highest AUM (₹37,122 Cr).	Bottom quartile AUM (₹303 Cr).	Bottom quartile AUM (₹527 Cr).	Upper mid AUM (₹10,218 Cr).
Point 2	Established history (17+ yrs).	Established history (16+ yrs).	Established history (13+ yrs).	Oldest track record among peers (18 yrs).	Established history (18+ yrs).
Point 3	Rating: 3★ (bottom quartile).	Rating: 4★ (lower mid).	Top rated.	Rating: 5★ (upper mid).	Rating: 2★ (bottom quartile).
Point 4	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.
Point 5	1Y return: 6.78% (top quartile).	1Y return: 6.77% (upper mid).	1Y return: 6.77% (lower mid).	1Y return: 6.76% (bottom quartile).	1Y return: 6.75% (bottom quartile).
Point 6	1M return: 0.47% (bottom quartile).	1M return: 0.48% (lower mid).	1M return: 0.48% (top quartile).	1M return: 0.47% (bottom quartile).	1M return: 0.48% (upper mid).
Point 7	Sharpe: 4.59 (top quartile).	Sharpe: 3.41 (bottom quartile).	Sharpe: 3.54 (bottom quartile).	Sharpe: 3.57 (lower mid).	Sharpe: 3.91 (upper mid).
Point 8	Information ratio: 0.74 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: -1.18 (bottom quartile).	Information ratio: -0.64 (bottom quartile).	Information ratio: 0.00 (lower mid).
Point 9	Yield to maturity (debt): 5.82% (bottom quartile).	Yield to maturity (debt): 5.90% (top quartile).	Yield to maturity (debt): 5.88% (upper mid).	Yield to maturity (debt): 5.83% (lower mid).	Yield to maturity (debt): 5.83% (bottom quartile).
Point 10	Modified duration: 0.11 yrs (bottom quartile).	Modified duration: 0.11 yrs (lower mid).	Modified duration: 0.09 yrs (upper mid).	Modified duration: 0.06 yrs (top quartile).	Modified duration: 0.11 yrs (bottom quartile).

BOI AXA Liquid Fund

Lower mid AUM (₹1,824 Cr).
Established history (17+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.78% (top quartile).
1M return: 0.47% (bottom quartile).
Sharpe: 4.59 (top quartile).
Information ratio: 0.74 (top quartile).
Yield to maturity (debt): 5.82% (bottom quartile).
Modified duration: 0.11 yrs (bottom quartile).

Axis Liquid Fund

Highest AUM (₹37,122 Cr).
Established history (16+ yrs).
Rating: 4★ (lower mid).
Risk profile: Low.
1Y return: 6.77% (upper mid).
1M return: 0.48% (lower mid).
Sharpe: 3.41 (bottom quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 5.90% (top quartile).
Modified duration: 0.11 yrs (lower mid).

Indiabulls Liquid Fund

Bottom quartile AUM (₹303 Cr).
Established history (13+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.77% (lower mid).
1M return: 0.48% (top quartile).
Sharpe: 3.54 (bottom quartile).
Information ratio: -1.18 (bottom quartile).
Yield to maturity (debt): 5.88% (upper mid).
Modified duration: 0.09 yrs (upper mid).

PGIM India Insta Cash Fund

Bottom quartile AUM (₹527 Cr).
Oldest track record among peers (18 yrs).
Rating: 5★ (upper mid).
Risk profile: Low.
1Y return: 6.76% (bottom quartile).
1M return: 0.47% (bottom quartile).
Sharpe: 3.57 (lower mid).
Information ratio: -0.64 (bottom quartile).
Yield to maturity (debt): 5.83% (lower mid).
Modified duration: 0.06 yrs (top quartile).

Edelweiss Liquid Fund

Upper mid AUM (₹10,218 Cr).
Established history (18+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Low.
1Y return: 6.75% (bottom quartile).
1M return: 0.48% (upper mid).
Sharpe: 3.91 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 5.83% (bottom quartile).
Modified duration: 0.11 yrs (bottom quartile).

Top 5 Ultra Short Term Funds with 1 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Franklin India Ultra Short Bond Fund - Super Institutional Plan Growth	₹34.9131 ↑ 0.04	₹297	1.3	5.9	13.7	8.8		0%		1Y 15D
Aditya Birla Sun Life Savings Fund Growth	₹559.748 ↑ 0.28	₹21,521	1.6	3.6	7.8	7.5	7.9	6.76%	5M 8D	6M 11D
ICICI Prudential Ultra Short Term Fund Growth	₹28.2525 ↑ 0.01	₹16,980	1.5	3.4	7.3	7.2	7.5	6.66%	4M 20D	7M 2D
SBI Magnum Ultra Short Duration Fund Growth	₹6,089.77 ↑ 2.68	₹15,525	1.5	3.3	7.2	7.2	7.4	6.22%	5M 8D	6M
Invesco India Ultra Short Term Fund Growth	₹2,747.4 ↑ 1.23	₹1,330	1.4	3.2	7.1	7	7.5	6.35%	5M 16D	5M 28D
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 (₹21,521 Cr).	Upper mid AUM (₹16,980 Cr).	Lower mid AUM (₹15,525 Cr).	Bottom quartile AUM (₹1,330 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: 7.77% (upper mid).	1Y return: 7.35% (lower mid).	1Y return: 7.19% (bottom quartile).	1Y return: 7.14% (bottom quartile).
Point 6	1M return: 0.59% (top quartile).	1M return: 0.57% (upper mid).	1M return: 0.57% (lower mid).	1M return: 0.55% (bottom quartile).	1M return: 0.51% (bottom quartile).
Point 7	Sharpe: 2.57 (bottom quartile).	Sharpe: 3.66 (top quartile).	Sharpe: 2.88 (upper mid).	Sharpe: 2.74 (bottom quartile).	Sharpe: 2.79 (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): 0.00% (bottom quartile).	Yield to maturity (debt): 6.76% (top quartile).	Yield to maturity (debt): 6.66% (upper mid).	Yield to maturity (debt): 6.22% (bottom quartile).	Yield to maturity (debt): 6.35% (lower mid).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 0.44 yrs (lower mid).	Modified duration: 0.39 yrs (upper mid).	Modified duration: 0.44 yrs (bottom quartile).	Modified duration: 0.46 yrs (bottom quartile).

Franklin India Ultra Short Bond Fund - Super Institutional Plan

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

Aditya Birla Sun Life Savings Fund

Highest AUM (₹21,521 Cr).
Established history (22+ yrs).
Top rated.
Risk profile: Moderately Low.
1Y return: 7.77% (upper mid).
1M return: 0.57% (upper mid).
Sharpe: 3.66 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.76% (top quartile).
Modified duration: 0.44 yrs (lower mid).

ICICI Prudential Ultra Short Term Fund

Upper mid AUM (₹16,980 Cr).
Established history (14+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderate.
1Y return: 7.35% (lower mid).
1M return: 0.57% (lower mid).
Sharpe: 2.88 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.66% (upper mid).
Modified duration: 0.39 yrs (upper mid).

SBI Magnum Ultra Short Duration Fund

Lower mid AUM (₹15,525 Cr).
Oldest track record among peers (26 yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 7.19% (bottom quartile).
1M return: 0.55% (bottom quartile).
Sharpe: 2.74 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.22% (bottom quartile).
Modified duration: 0.44 yrs (bottom quartile).

Invesco India Ultra Short Term Fund

Bottom quartile AUM (₹1,330 Cr).
Established history (14+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderate.
1Y return: 7.14% (bottom quartile).
1M return: 0.51% (bottom quartile).
Sharpe: 2.79 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.35% (lower mid).
Modified duration: 0.46 yrs (bottom quartile).

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Top 5 Short Term Funds with 3 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Franklin India Short Term Income Plan - Retail Plan Growth	₹15,041.3 ↑ 0.11	₹13	192.1	192.1	192.1	47.3		0%
HDFC Short Term Debt Fund Growth	₹32.7307 ↑ 0.02	₹17,999	1.4	3.5	8.2	8	8.3	6.94%	2Y 3M 7D	3Y 5M 12D
ICICI Prudential Short Term Fund Growth	₹61.5105 ↑ 0.03	₹22,339	1.4	3.5	8.3	7.9	7.8	7.27%	2Y 7M 10D	4Y 10M 20D
Axis Short Term Fund Growth	₹31.6327 ↑ 0.01	₹12,129	1.5	3.7	8.6	7.8	8	6.89%	2Y 5M 23D	3Y 2M 12D
Nippon India Short Term Fund Growth	₹54.0151 ↑ 0.03	₹8,935	1.4	3.6	8.5	7.8	8	7.04%	2Y 6M 18D	3Y 2M 19D
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 (₹17,999 Cr).	Highest AUM (₹22,339 Cr).	Lower mid AUM (₹12,129 Cr).	Bottom quartile AUM (₹8,935 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: 8.25% (bottom quartile).	1Y return: 8.28% (bottom quartile).	1Y return: 8.64% (upper mid).	1Y return: 8.49% (lower mid).
Point 6	1M return: 192.10% (top quartile).	1M return: 0.86% (lower mid).	1M return: 0.79% (bottom quartile).	1M return: 0.82% (bottom quartile).	1M return: 0.93% (upper mid).
Point 7	Sharpe: -90.89 (bottom quartile).	Sharpe: 1.33 (lower mid).	Sharpe: 1.43 (upper mid).	Sharpe: 1.56 (top quartile).	Sharpe: 1.26 (bottom quartile).
Point 8	Information ratio: -2.42 (bottom quartile).	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 0.00% (bottom quartile).	Yield to maturity (debt): 6.94% (lower mid).	Yield to maturity (debt): 7.27% (top quartile).	Yield to maturity (debt): 6.89% (bottom quartile).	Yield to maturity (debt): 7.04% (upper mid).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 2.27 yrs (upper mid).	Modified duration: 2.61 yrs (bottom quartile).	Modified duration: 2.48 yrs (lower mid).	Modified duration: 2.55 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 (₹17,999 Cr).
Established history (15+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately Low.
1Y return: 8.25% (bottom quartile).
1M return: 0.86% (lower mid).
Sharpe: 1.33 (lower mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 6.94% (lower mid).
Modified duration: 2.27 yrs (upper mid).

ICICI Prudential Short Term Fund

Highest AUM (₹22,339 Cr).
Oldest track record among peers (24 yrs).
Top rated.
Risk profile: Moderate.
1Y return: 8.28% (bottom quartile).
1M return: 0.79% (bottom quartile).
Sharpe: 1.43 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.27% (top quartile).
Modified duration: 2.61 yrs (bottom quartile).

Axis Short Term Fund

Lower mid AUM (₹12,129 Cr).
Established history (15+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 8.64% (upper mid).
1M return: 0.82% (bottom quartile).
Sharpe: 1.56 (top quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.89% (bottom quartile).
Modified duration: 2.48 yrs (lower mid).

Nippon India Short Term Fund

Bottom quartile AUM (₹8,935 Cr).
Established history (22+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately Low.
1Y return: 8.49% (lower mid).
1M return: 0.93% (upper mid).
Sharpe: 1.26 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.04% (upper mid).
Modified duration: 2.55 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	₹104.472 ↑ 0.03	₹9,145	0.6	2.2	7.8	8.1	8.2	7.21%	6Y 2M 5D	17Y 1M 28D
DSP Government Securities Fund Growth	₹96.7551 ↓ -0.12	₹1,494	0.2	0.7	5.5	7.9	10.1	7.22%	9Y 6M 14D	25Y 8M 1D
Axis Gilt Fund Growth	₹25.8925 ↑ 0.01	₹613	0.5	1.2	6.5	7.9	10	7.11%	8Y 7M 28D	20Y 18D
SBI Magnum Gilt Fund Growth	₹66.6561 ↑ 0.05	₹11,322	0.3	0.6	5.8	7.8	8.9	7.12%	9Y 4M 13D	19Y 10M 6D
HDFC Gilt Fund Growth	₹55.9885 ↑ 0.04	₹2,919	0.1	0.9	6.4	7.7	8.7	7.05%	7Y 11M 26D	20Y 25D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 20 Oct 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	ICICI Prudential Gilt Fund	DSP Government Securities Fund	Axis Gilt Fund	SBI Magnum Gilt Fund	HDFC Gilt Fund
Point 1	Upper mid AUM (₹9,145 Cr).	Bottom quartile AUM (₹1,494 Cr).	Bottom quartile AUM (₹613 Cr).	Highest AUM (₹11,322 Cr).	Lower mid AUM (₹2,919 Cr).
Point 2	Oldest track record among peers (26 yrs).	Established history (26+ yrs).	Established history (13+ yrs).	Established history (24+ yrs).	Established history (24+ yrs).
Point 3	Top rated.	Rating: 3★ (lower mid).	Rating: 1★ (bottom quartile).	Rating: 4★ (upper mid).	Rating: 3★ (bottom quartile).
Point 4	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.
Point 5	1Y return: 7.81% (top quartile).	1Y return: 5.46% (bottom quartile).	1Y return: 6.47% (upper mid).	1Y return: 5.78% (bottom quartile).	1Y return: 6.40% (lower mid).
Point 6	1M return: 0.89% (bottom quartile).	1M return: 0.94% (lower mid).	1M return: 1.16% (top quartile).	1M return: 0.88% (bottom quartile).	1M return: 1.02% (upper mid).
Point 7	Sharpe: 0.13 (top quartile).	Sharpe: -0.36 (bottom quartile).	Sharpe: -0.27 (upper mid).	Sharpe: -0.41 (bottom quartile).	Sharpe: -0.31 (lower mid).
Point 8	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 7.21% (upper mid).	Yield to maturity (debt): 7.22% (top quartile).	Yield to maturity (debt): 7.11% (bottom quartile).	Yield to maturity (debt): 7.12% (lower mid).	Yield to maturity (debt): 7.05% (bottom quartile).
Point 10	Modified duration: 6.18 yrs (top quartile).	Modified duration: 9.54 yrs (bottom quartile).	Modified duration: 8.66 yrs (lower mid).	Modified duration: 9.37 yrs (bottom quartile).	Modified duration: 7.99 yrs (upper mid).

ICICI Prudential Gilt Fund

Upper mid AUM (₹9,145 Cr).
Oldest track record among peers (26 yrs).
Top rated.
Risk profile: Moderate.
1Y return: 7.81% (top quartile).
1M return: 0.89% (bottom quartile).
Sharpe: 0.13 (top quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.21% (upper mid).
Modified duration: 6.18 yrs (top quartile).

DSP Government Securities Fund

Bottom quartile AUM (₹1,494 Cr).
Established history (26+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderate.
1Y return: 5.46% (bottom quartile).
1M return: 0.94% (lower mid).
Sharpe: -0.36 (bottom quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.22% (top quartile).
Modified duration: 9.54 yrs (bottom quartile).

Axis Gilt Fund

Bottom quartile AUM (₹613 Cr).
Established history (13+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderate.
1Y return: 6.47% (upper mid).
1M return: 1.16% (top quartile).
Sharpe: -0.27 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.11% (bottom quartile).
Modified duration: 8.66 yrs (lower mid).

SBI Magnum Gilt Fund

Highest AUM (₹11,322 Cr).
Established history (24+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
1Y return: 5.78% (bottom quartile).
1M return: 0.88% (bottom quartile).
Sharpe: -0.41 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.12% (lower mid).
Modified duration: 9.37 yrs (bottom quartile).

HDFC Gilt Fund

Lower mid AUM (₹2,919 Cr).
Established history (24+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderate.
1Y return: 6.40% (lower mid).
1M return: 1.02% (upper mid).
Sharpe: -0.31 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.05% (bottom quartile).
Modified duration: 7.99 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	₹23.1684 ↑ 0.04	₹648	1.4	3.8	8.9	8.5	9.6	7.22%	7Y 1M 6D	7Y 1M 6D
Nippon India Dynamic Bond Fund Growth	₹37.9503 ↑ 0.04	₹4,362	0.6	2.4	8	8.2	9	6.56%	4Y 4D	4Y 10M 24D
ICICI Prudential Long Term Plan Growth	₹37.664 ↑ 0.01	₹14,905	1	2.8	8.1	8	8.2	7.64%	4Y 9M 4D	12Y 7M 10D
Aditya Birla Sun Life Dynamic Bond Fund Growth	₹47.1919 ↑ 0.04	₹1,918	1	2.3	7.7	8	8.8	7.66%	5Y 10M 28D	10Y 9M 25D
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 (₹648 Cr).	Upper mid AUM (₹4,362 Cr).	Highest AUM (₹14,905 Cr).	Lower mid AUM (₹1,918 Cr).
Point 2	Oldest track record among peers (28 yrs).	Established history (12+ yrs).	Established history (20+ 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: 8.87% (upper mid).	1Y return: 7.98% (bottom quartile).	1Y return: 8.06% (lower mid).	1Y return: 7.74% (bottom quartile).
Point 6	1M return: 1.43% (top quartile).	1M return: 1.19% (lower mid).	1M return: 1.26% (upper mid).	1M return: 0.91% (bottom quartile).	1M return: 1.17% (bottom quartile).
Point 7	Sharpe: 1.19 (top quartile).	Sharpe: 0.66 (upper mid).	Sharpe: 0.44 (bottom quartile).	Sharpe: 0.47 (lower mid).	Sharpe: 0.22 (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): 7.22% (lower mid).	Yield to maturity (debt): 6.56% (bottom quartile).	Yield to maturity (debt): 7.64% (upper mid).	Yield to maturity (debt): 7.66% (top quartile).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 7.10 yrs (bottom quartile).	Modified duration: 4.01 yrs (upper mid).	Modified duration: 4.76 yrs (lower mid).	Modified duration: 5.91 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 (₹648 Cr).
Established history (12+ yrs).
Not Rated.
Risk profile: Moderate.
1Y return: 8.87% (upper mid).
1M return: 1.19% (lower mid).
Sharpe: 0.66 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.22% (lower mid).
Modified duration: 7.10 yrs (bottom quartile).

Nippon India Dynamic Bond Fund

Upper mid AUM (₹4,362 Cr).
Established history (20+ yrs).
Not Rated.
Risk profile: Moderate.
1Y return: 7.98% (bottom quartile).
1M return: 1.26% (upper mid).
Sharpe: 0.44 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.56% (bottom quartile).
Modified duration: 4.01 yrs (upper mid).

ICICI Prudential Long Term Plan

Highest AUM (₹14,905 Cr).
Established history (15+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 8.06% (lower mid).
1M return: 0.91% (bottom quartile).
Sharpe: 0.47 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.64% (upper mid).
Modified duration: 4.76 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: 7.74% (bottom quartile).
1M return: 1.17% (bottom quartile).
Sharpe: 0.22 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.66% (top quartile).
Modified duration: 5.91 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	₹93.8147 ↑ 0.36	₹45,012	3.7	11	5.1	20.2	25	18.2
ICICI Prudential Bluechip Fund Growth	₹113.83 ↑ 0.43	₹71,840	3.6	9.1	4.6	19.2	21.7	16.9
HDFC Top 100 Fund Growth	₹1,168 ↑ 3.71	₹37,659	2.7	6.7	0.8	17.3	21.5	11.6
JM Core 11 Fund Growth	₹20.7405 ↑ 0.13	₹283	6.3	10.8	-0.1	20.4	21	24.3
Aditya Birla Sun Life Frontline Equity Fund Growth	₹542.37 ↑ 2.42	₹29,867	2.7	8.8	3.1	16.4	19.4	15.6
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 20 Oct 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	Nippon India Large Cap Fund	ICICI Prudential Bluechip Fund	HDFC Top 100 Fund	JM Core 11 Fund	Aditya Birla Sun Life Frontline Equity Fund
Point 1	Upper mid AUM (₹45,012 Cr).	Highest AUM (₹71,840 Cr).	Lower mid AUM (₹37,659 Cr).	Bottom quartile AUM (₹283 Cr).	Bottom quartile AUM (₹29,867 Cr).
Point 2	Established history (18+ yrs).	Established history (17+ yrs).	Oldest track record among peers (29 yrs).	Established history (17+ yrs).	Established history (23+ yrs).
Point 3	Top rated.	Rating: 4★ (upper mid).	Rating: 3★ (bottom quartile).	Rating: 4★ (lower mid).	Rating: 4★ (bottom quartile).
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: High.	Risk profile: Moderately High.
Point 5	5Y return: 24.96% (top quartile).	5Y return: 21.73% (upper mid).	5Y return: 21.54% (lower mid).	5Y return: 21.01% (bottom quartile).	5Y return: 19.37% (bottom quartile).
Point 6	3Y return: 20.17% (upper mid).	3Y return: 19.18% (lower mid).	3Y return: 17.27% (bottom quartile).	3Y return: 20.40% (top quartile).	3Y return: 16.44% (bottom quartile).
Point 7	1Y return: 5.10% (top quartile).	1Y return: 4.62% (upper mid).	1Y return: 0.81% (bottom quartile).	1Y return: -0.06% (bottom quartile).	1Y return: 3.12% (lower mid).
Point 8	Alpha: 2.49 (top quartile).	Alpha: 1.67 (upper mid).	Alpha: -2.93 (bottom quartile).	Alpha: -5.21 (bottom quartile).	Alpha: 0.89 (lower mid).
Point 9	Sharpe: -0.40 (top quartile).	Sharpe: -0.51 (upper mid).	Sharpe: -0.87 (bottom quartile).	Sharpe: -0.92 (bottom quartile).	Sharpe: -0.57 (lower mid).
Point 10	Information ratio: 1.96 (top quartile).	Information ratio: 1.64 (upper mid).	Information ratio: 0.92 (lower mid).	Information ratio: 0.54 (bottom quartile).	Information ratio: 0.84 (bottom quartile).

Nippon India Large Cap Fund

Upper mid AUM (₹45,012 Cr).
Established history (18+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 24.96% (top quartile).
3Y return: 20.17% (upper mid).
1Y return: 5.10% (top quartile).
Alpha: 2.49 (top quartile).
Sharpe: -0.40 (top quartile).
Information ratio: 1.96 (top quartile).

ICICI Prudential Bluechip Fund

Highest AUM (₹71,840 Cr).
Established history (17+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 21.73% (upper mid).
3Y return: 19.18% (lower mid).
1Y return: 4.62% (upper mid).
Alpha: 1.67 (upper mid).
Sharpe: -0.51 (upper mid).
Information ratio: 1.64 (upper mid).

HDFC Top 100 Fund

Lower mid AUM (₹37,659 Cr).
Oldest track record among peers (29 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 21.54% (lower mid).
3Y return: 17.27% (bottom quartile).
1Y return: 0.81% (bottom quartile).
Alpha: -2.93 (bottom quartile).
Sharpe: -0.87 (bottom quartile).
Information ratio: 0.92 (lower mid).

JM Core 11 Fund

Bottom quartile AUM (₹283 Cr).
Established history (17+ yrs).
Rating: 4★ (lower mid).
Risk profile: High.
5Y return: 21.01% (bottom quartile).
3Y return: 20.40% (top quartile).
1Y return: -0.06% (bottom quartile).
Alpha: -5.21 (bottom quartile).
Sharpe: -0.92 (bottom quartile).
Information ratio: 0.54 (bottom quartile).

Aditya Birla Sun Life Frontline Equity Fund

Bottom quartile AUM (₹29,867 Cr).
Established history (23+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 19.37% (bottom quartile).
3Y return: 16.44% (bottom quartile).
1Y return: 3.12% (lower mid).
Alpha: 0.89 (lower mid).
Sharpe: -0.57 (lower mid).
Information ratio: 0.84 (bottom quartile).

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

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
Motilal Oswal Midcap 30 Fund Growth	₹104.79 ↑ 0.09	₹34,780	1.9	15.3	-2.5	26.3	33.7	57.1
Nippon India Small Cap Fund Growth	₹169.952 ↑ 0.52	₹64,821	-2.4	10.4	-6.1	22.8	32.7	26.1
HDFC Small Cap Fund Growth	₹142.464 ↑ 1.20	₹36,294	-1	16.1	1.2	22.8	30.3	20.4
HDFC Mid-Cap Opportunities Fund Growth	₹199.503 ↑ 1.86	₹83,105	0.8	14.6	4.6	26.4	30	28.6
Edelweiss Mid Cap Fund Growth	₹103.077 ↑ 0.68	₹11,297	1.5	13.1	1.9	25	29.3	38.9
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 20 Oct 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	Motilal Oswal Midcap 30 Fund	Nippon India Small Cap Fund	HDFC Small Cap Fund	HDFC Mid-Cap Opportunities Fund	Edelweiss Mid Cap Fund
Point 1	Bottom quartile AUM (₹34,780 Cr).	Upper mid AUM (₹64,821 Cr).	Lower mid AUM (₹36,294 Cr).	Highest AUM (₹83,105 Cr).	Bottom quartile AUM (₹11,297 Cr).
Point 2	Established history (11+ yrs).	Established history (15+ yrs).	Established history (17+ yrs).	Oldest track record among peers (18 yrs).	Established history (17+ yrs).
Point 3	Rating: 3★ (lower mid).	Top rated.	Rating: 4★ (upper 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: High.
Point 5	5Y return: 33.68% (top quartile).	5Y return: 32.74% (upper mid).	5Y return: 30.26% (lower mid).	5Y return: 29.97% (bottom quartile).	5Y return: 29.35% (bottom quartile).
Point 6	3Y return: 26.28% (upper mid).	3Y return: 22.81% (bottom quartile).	3Y return: 22.84% (bottom quartile).	3Y return: 26.45% (top quartile).	3Y return: 25.01% (lower mid).
Point 7	1Y return: -2.54% (bottom quartile).	1Y return: -6.09% (bottom quartile).	1Y return: 1.17% (lower mid).	1Y return: 4.63% (top quartile).	1Y return: 1.86% (upper mid).
Point 8	Alpha: 4.99 (top quartile).	Alpha: -2.55 (bottom quartile).	Alpha: 0.00 (bottom quartile).	Alpha: 3.39 (lower mid).	Alpha: 3.95 (upper mid).
Point 9	Sharpe: -0.18 (top quartile).	Sharpe: -0.65 (bottom quartile).	Sharpe: -0.33 (bottom quartile).	Sharpe: -0.28 (lower mid).	Sharpe: -0.28 (upper mid).
Point 10	Information ratio: 0.57 (upper mid).	Information ratio: 0.10 (bottom quartile).	Information ratio: 0.00 (bottom quartile).	Information ratio: 0.88 (top quartile).	Information ratio: 0.39 (lower mid).

Motilal Oswal Midcap 30 Fund

Bottom quartile AUM (₹34,780 Cr).
Established history (11+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 33.68% (top quartile).
3Y return: 26.28% (upper mid).
1Y return: -2.54% (bottom quartile).
Alpha: 4.99 (top quartile).
Sharpe: -0.18 (top quartile).
Information ratio: 0.57 (upper mid).

Nippon India Small Cap Fund

Upper mid AUM (₹64,821 Cr).
Established history (15+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 32.74% (upper mid).
3Y return: 22.81% (bottom quartile).
1Y return: -6.09% (bottom quartile).
Alpha: -2.55 (bottom quartile).
Sharpe: -0.65 (bottom quartile).
Information ratio: 0.10 (bottom quartile).

HDFC Small Cap Fund

Lower mid AUM (₹36,294 Cr).
Established history (17+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 30.26% (lower mid).
3Y return: 22.84% (bottom quartile).
1Y return: 1.17% (lower mid).
Alpha: 0.00 (bottom quartile).
Sharpe: -0.33 (bottom quartile).
Information ratio: 0.00 (bottom quartile).

HDFC Mid-Cap Opportunities Fund

Highest AUM (₹83,105 Cr).
Oldest track record among peers (18 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 29.97% (bottom quartile).
3Y return: 26.45% (top quartile).
1Y return: 4.63% (top quartile).
Alpha: 3.39 (lower mid).
Sharpe: -0.28 (lower mid).
Information ratio: 0.88 (top quartile).

Edelweiss Mid Cap Fund

Bottom quartile AUM (₹11,297 Cr).
Established history (17+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: High.
5Y return: 29.35% (bottom quartile).
3Y return: 25.01% (lower mid).
1Y return: 1.86% (upper mid).
Alpha: 3.95 (upper mid).
Sharpe: -0.28 (upper mid).
Information ratio: 0.39 (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	₹304.967 ↑ 1.01	₹46,216	1.2	11.7	0.8	22.9	30.4	25.8
HDFC Equity Fund Growth	₹2,073.06 ↑ 5.04	₹81,936	5	9.8	8.5	23.5	29.1	23.5
JM Multicap Fund Growth	₹99.5874 ↑ 0.14	₹5,943	1.6	6.3	-6.5	23.2	26	33.3
Mahindra Badhat Yojana Growth	₹36.026 ↑ 0.25	₹5,622	-0.9	10.6	0.3	20	25.2	23.4
ICICI Prudential Multicap Fund Growth	₹803.15 ↑ 1.41	₹15,281	-0.1	7.3	-0.1	20.7	24.5	20.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 20 Oct 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	Nippon India Multi Cap Fund	HDFC Equity Fund	JM Multicap Fund	Mahindra Badhat Yojana	ICICI Prudential Multicap Fund
Point 1	Upper mid AUM (₹46,216 Cr).	Highest AUM (₹81,936 Cr).	Bottom quartile AUM (₹5,943 Cr).	Bottom quartile AUM (₹5,622 Cr).	Lower mid AUM (₹15,281 Cr).
Point 2	Established history (20+ yrs).	Established history (30+ yrs).	Established history (17+ yrs).	Established history (8+ yrs).	Oldest track record among peers (31 yrs).
Point 3	Rating: 2★ (bottom quartile).	Rating: 3★ (upper mid).	Top rated.	Not 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: 30.44% (top quartile).	5Y return: 29.12% (upper mid).	5Y return: 26.02% (lower mid).	5Y return: 25.20% (bottom quartile).	5Y return: 24.48% (bottom quartile).
Point 6	3Y return: 22.87% (lower mid).	3Y return: 23.47% (top quartile).	3Y return: 23.20% (upper mid).	3Y return: 19.96% (bottom quartile).	3Y return: 20.67% (bottom quartile).
Point 7	1Y return: 0.84% (upper mid).	1Y return: 8.49% (top quartile).	1Y return: -6.50% (bottom quartile).	1Y return: 0.32% (lower mid).	1Y return: -0.10% (bottom quartile).
Point 8	Alpha: 3.10 (upper mid).	Alpha: 4.96 (top quartile).	Alpha: -8.50 (bottom quartile).	Alpha: -1.14 (lower mid).	Alpha: -2.00 (bottom quartile).
Point 9	Sharpe: -0.38 (upper mid).	Sharpe: -0.16 (top quartile).	Sharpe: -1.13 (bottom quartile).	Sharpe: -0.64 (lower mid).	Sharpe: -0.71 (bottom quartile).
Point 10	Information ratio: 1.10 (upper mid).	Information ratio: 1.74 (top quartile).	Information ratio: 1.09 (lower mid).	Information ratio: 0.24 (bottom quartile).	Information ratio: 0.53 (bottom quartile).

Nippon India Multi Cap Fund

Upper mid AUM (₹46,216 Cr).
Established history (20+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 30.44% (top quartile).
3Y return: 22.87% (lower mid).
1Y return: 0.84% (upper mid).
Alpha: 3.10 (upper mid).
Sharpe: -0.38 (upper mid).
Information ratio: 1.10 (upper mid).

HDFC Equity Fund

Highest AUM (₹81,936 Cr).
Established history (30+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 29.12% (upper mid).
3Y return: 23.47% (top quartile).
1Y return: 8.49% (top quartile).
Alpha: 4.96 (top quartile).
Sharpe: -0.16 (top quartile).
Information ratio: 1.74 (top quartile).

JM Multicap Fund

Bottom quartile AUM (₹5,943 Cr).
Established history (17+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 26.02% (lower mid).
3Y return: 23.20% (upper mid).
1Y return: -6.50% (bottom quartile).
Alpha: -8.50 (bottom quartile).
Sharpe: -1.13 (bottom quartile).
Information ratio: 1.09 (lower mid).

Mahindra Badhat Yojana

Bottom quartile AUM (₹5,622 Cr).
Established history (8+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 25.20% (bottom quartile).
3Y return: 19.96% (bottom quartile).
1Y return: 0.32% (lower mid).
Alpha: -1.14 (lower mid).
Sharpe: -0.64 (lower mid).
Information ratio: 0.24 (bottom quartile).

ICICI Prudential Multicap Fund

Lower mid AUM (₹15,281 Cr).
Oldest track record among peers (31 yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 24.48% (bottom quartile).
3Y return: 20.67% (bottom quartile).
1Y return: -0.10% (bottom quartile).
Alpha: -2.00 (bottom quartile).
Sharpe: -0.71 (bottom quartile).
Information ratio: 0.53 (bottom quartile).

Top 5 Sector Funds with 5 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
ICICI Prudential Infrastructure Fund Growth	₹199.09 ↑ 1.09	₹7,645	0.2	10.7	1	28.9	37.7	27.4
HDFC Infrastructure Fund Growth	₹48.368 ↑ 0.17	₹2,483	0.6	8.6	-0.6	29.1	34.7	23
Franklin Build India Fund Growth	₹144.484 ↑ 0.91	₹2,884	0.5	10	-0.4	28.2	33.1	27.8
SBI PSU Fund Growth	₹33.0096 ↑ 0.26	₹5,179	2.5	7.8	0.2	30.6	33.1	23.5
Bandhan Infrastructure Fund Growth	₹49.902 ↑ 0.12	₹1,613	-2.8	6.2	-8.6	27.2	33	39.3
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 20 Oct 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	ICICI Prudential Infrastructure Fund	HDFC Infrastructure Fund	Franklin Build India Fund	SBI PSU Fund	Bandhan Infrastructure Fund
Point 1	Highest AUM (₹7,645 Cr).	Bottom quartile AUM (₹2,483 Cr).	Lower mid AUM (₹2,884 Cr).	Upper mid AUM (₹5,179 Cr).	Bottom quartile AUM (₹1,613 Cr).
Point 2	Oldest track record among peers (20 yrs).	Established history (17+ yrs).	Established history (16+ yrs).	Established history (15+ yrs).	Established history (14+ yrs).
Point 3	Rating: 3★ (lower mid).	Rating: 3★ (bottom quartile).	Top rated.	Rating: 2★ (bottom quartile).	Rating: 5★ (upper mid).
Point 4	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.
Point 5	5Y return: 37.72% (top quartile).	5Y return: 34.72% (upper mid).	5Y return: 33.13% (lower mid).	5Y return: 33.10% (bottom quartile).	5Y return: 33.02% (bottom quartile).
Point 6	3Y return: 28.90% (lower mid).	3Y return: 29.09% (upper mid).	3Y return: 28.22% (bottom quartile).	3Y return: 30.64% (top quartile).	3Y return: 27.21% (bottom quartile).
Point 7	1Y return: 1.01% (top quartile).	1Y return: -0.63% (bottom quartile).	1Y return: -0.35% (lower mid).	1Y return: 0.21% (upper mid).	1Y return: -8.62% (bottom quartile).
Point 8	Alpha: 0.00 (top quartile).	Alpha: 0.00 (upper mid).	Alpha: 0.00 (lower mid).	Alpha: -0.35 (bottom quartile).	Alpha: 0.00 (bottom quartile).
Point 9	Sharpe: -0.48 (top quartile).	Sharpe: -0.64 (upper mid).	Sharpe: -0.64 (lower mid).	Sharpe: -0.81 (bottom quartile).	Sharpe: -0.71 (bottom quartile).
Point 10	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: -0.37 (bottom quartile).	Information ratio: 0.00 (bottom quartile).

ICICI Prudential Infrastructure Fund

Highest AUM (₹7,645 Cr).
Oldest track record among peers (20 yrs).
Rating: 3★ (lower mid).
Risk profile: High.
5Y return: 37.72% (top quartile).
3Y return: 28.90% (lower mid).
1Y return: 1.01% (top quartile).
Alpha: 0.00 (top quartile).
Sharpe: -0.48 (top quartile).
Information ratio: 0.00 (top quartile).

HDFC Infrastructure Fund

Bottom quartile AUM (₹2,483 Cr).
Established history (17+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: High.
5Y return: 34.72% (upper mid).
3Y return: 29.09% (upper mid).
1Y return: -0.63% (bottom quartile).
Alpha: 0.00 (upper mid).
Sharpe: -0.64 (upper mid).
Information ratio: 0.00 (upper mid).

Franklin Build India Fund

Lower mid AUM (₹2,884 Cr).
Established history (16+ yrs).
Top rated.
Risk profile: High.
5Y return: 33.13% (lower mid).
3Y return: 28.22% (bottom quartile).
1Y return: -0.35% (lower mid).
Alpha: 0.00 (lower mid).
Sharpe: -0.64 (lower mid).
Information ratio: 0.00 (lower mid).

SBI PSU Fund

Upper mid AUM (₹5,179 Cr).
Established history (15+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: High.
5Y return: 33.10% (bottom quartile).
3Y return: 30.64% (top quartile).
1Y return: 0.21% (upper mid).
Alpha: -0.35 (bottom quartile).
Sharpe: -0.81 (bottom quartile).
Information ratio: -0.37 (bottom quartile).

Bandhan Infrastructure Fund

Bottom quartile AUM (₹1,613 Cr).
Established history (14+ yrs).
Rating: 5★ (upper mid).
Risk profile: High.
5Y return: 33.02% (bottom quartile).
3Y return: 27.21% (bottom quartile).
1Y return: -8.62% (bottom quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: -0.71 (bottom quartile).
Information ratio: 0.00 (bottom quartile).

Best Hybrid Mutual Funds with Highest Returns 2025

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

Top 5 Hybrid Debt Funds with 3 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
HDFC Hybrid Debt Fund Growth	₹83.2352 ↑ 0.14	₹3,359	0.9	2.6	4.7	10.7	11.3	10.5
Kotak Debt Hybrid Fund Growth	₹59.5322 ↑ 0.12	₹3,065	1.3	3.5	4.6	10.7	11	11.4
ICICI Prudential MIP 25 Growth	₹77.3836 ↑ 0.06	₹3,261	1.8	5.1	7.5	10.5	9.9	11.4
DSP Regular Savings Fund Growth	₹59.448 ↑ 0.04	₹177	0.8	2.9	6.3	10.3	9	11
UTI Regular Savings Fund Growth	₹70.3819 ↑ 0.05	₹1,686	0.8	3.6	5.1	10.2	10.6	11.6
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 20 Oct 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	HDFC Hybrid Debt Fund	Kotak Debt Hybrid Fund	ICICI Prudential MIP 25	DSP Regular Savings Fund	UTI Regular Savings Fund
Point 1	Highest AUM (₹3,359 Cr).	Lower mid AUM (₹3,065 Cr).	Upper mid AUM (₹3,261 Cr).	Bottom quartile AUM (₹177 Cr).	Bottom quartile AUM (₹1,686 Cr).
Point 2	Oldest track record among peers (21 yrs).	Established history (21+ yrs).	Established history (21+ yrs).	Established history (21+ yrs).	Established history (21+ yrs).
Point 3	Rating: 4★ (upper mid).	Rating: 4★ (lower mid).	Top rated.	Rating: 3★ (bottom quartile).	Rating: 4★ (bottom quartile).
Point 4	Risk profile: Moderately High.	Risk profile: Moderate.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 11.28% (top quartile).	5Y return: 11.00% (upper mid).	5Y return: 9.89% (bottom quartile).	5Y return: 8.97% (bottom quartile).	5Y return: 10.58% (lower mid).
Point 6	3Y return: 10.73% (top quartile).	3Y return: 10.66% (upper mid).	3Y return: 10.51% (lower mid).	3Y return: 10.26% (bottom quartile).	3Y return: 10.22% (bottom quartile).
Point 7	1Y return: 4.74% (bottom quartile).	1Y return: 4.64% (bottom quartile).	1Y return: 7.50% (top quartile).	1Y return: 6.26% (upper mid).	1Y return: 5.13% (lower mid).
Point 8	1M return: 1.21% (upper mid).	1M return: 1.40% (top quartile).	1M return: 0.47% (bottom quartile).	1M return: 0.56% (bottom quartile).	1M return: 0.79% (lower mid).
Point 9	Alpha: 0.00 (upper mid).	Alpha: -2.87 (bottom quartile).	Alpha: 0.00 (lower mid).	Alpha: 0.30 (top quartile).	Alpha: 0.00 (bottom quartile).
Point 10	Sharpe: -0.84 (bottom quartile).	Sharpe: -0.77 (bottom quartile).	Sharpe: -0.06 (top quartile).	Sharpe: -0.18 (upper mid).	Sharpe: -0.53 (lower mid).

HDFC Hybrid Debt Fund

Highest AUM (₹3,359 Cr).
Oldest track record among peers (21 yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 11.28% (top quartile).
3Y return: 10.73% (top quartile).
1Y return: 4.74% (bottom quartile).
1M return: 1.21% (upper mid).
Alpha: 0.00 (upper mid).
Sharpe: -0.84 (bottom quartile).

Kotak Debt Hybrid Fund

Lower mid AUM (₹3,065 Cr).
Established history (21+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderate.
5Y return: 11.00% (upper mid).
3Y return: 10.66% (upper mid).
1Y return: 4.64% (bottom quartile).
1M return: 1.40% (top quartile).
Alpha: -2.87 (bottom quartile).
Sharpe: -0.77 (bottom quartile).

ICICI Prudential MIP 25

Upper mid AUM (₹3,261 Cr).
Established history (21+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 9.89% (bottom quartile).
3Y return: 10.51% (lower mid).
1Y return: 7.50% (top quartile).
1M return: 0.47% (bottom quartile).
Alpha: 0.00 (lower mid).
Sharpe: -0.06 (top quartile).

DSP Regular Savings Fund

Bottom quartile AUM (₹177 Cr).
Established history (21+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 8.97% (bottom quartile).
3Y return: 10.26% (bottom quartile).
1Y return: 6.26% (upper mid).
1M return: 0.56% (bottom quartile).
Alpha: 0.30 (top quartile).
Sharpe: -0.18 (upper mid).

UTI Regular Savings Fund

Bottom quartile AUM (₹1,686 Cr).
Established history (21+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 10.58% (lower mid).
3Y return: 10.22% (bottom quartile).
1Y return: 5.13% (lower mid).
1M return: 0.79% (lower mid).
Alpha: 0.00 (bottom quartile).
Sharpe: -0.53 (lower mid).

Top 5 Hybrid Equity Funds with 3 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
JM Equity Hybrid Fund Growth	₹123.012 ↑ 0.25	₹804	0.8	6.5	-3.3	20.9	21.3	27
ICICI Prudential Equity and Debt Fund Growth	₹408.72 ↑ 1.42	₹45,168	4.4	8.7	7.6	20.3	26.7	17.2
BOI AXA Mid and Small Cap Equity and Debt Fund Growth	₹38.07 ↑ 0.14	₹1,253	-1.6	8.3	-2.3	19.1	22.4	25.8
UTI Hybrid Equity Fund Growth	₹408.654 ↑ 1.44	₹6,302	0.2	5.7	1.4	16.9	19.8	19.7
DSP Equity and Bond Fund Growth	₹363.387 ↑ 1.05	₹11,333	0.9	4.7	3.8	16.6	17.1	17.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 20 Oct 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	JM Equity Hybrid Fund	ICICI Prudential Equity and Debt Fund	BOI AXA Mid and Small Cap Equity and Debt Fund	UTI Hybrid Equity Fund	DSP Equity and Bond Fund
Point 1	Bottom quartile AUM (₹804 Cr).	Highest AUM (₹45,168 Cr).	Bottom quartile AUM (₹1,253 Cr).	Lower mid AUM (₹6,302 Cr).	Upper mid AUM (₹11,333 Cr).
Point 2	Oldest track record among peers (30 yrs).	Established history (25+ yrs).	Established history (9+ yrs).	Established history (30+ yrs).	Established history (26+ yrs).
Point 3	Rating: 1★ (bottom quartile).	Top rated.	Not Rated.	Rating: 3★ (lower mid).	Rating: 4★ (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: 21.31% (lower mid).	5Y return: 26.71% (top quartile).	5Y return: 22.43% (upper mid).	5Y return: 19.79% (bottom quartile).	5Y return: 17.07% (bottom quartile).
Point 6	3Y return: 20.94% (top quartile).	3Y return: 20.30% (upper mid).	3Y return: 19.09% (lower mid).	3Y return: 16.90% (bottom quartile).	3Y return: 16.65% (bottom quartile).
Point 7	1Y return: -3.30% (bottom quartile).	1Y return: 7.62% (top quartile).	1Y return: -2.28% (bottom quartile).	1Y return: 1.42% (lower mid).	1Y return: 3.84% (upper mid).
Point 8	1M return: 0.30% (bottom quartile).	1M return: 1.09% (top quartile).	1M return: -1.25% (bottom quartile).	1M return: 0.59% (upper mid).	1M return: 0.55% (lower mid).
Point 9	Alpha: -8.63 (bottom quartile).	Alpha: 2.96 (top quartile).	Alpha: 0.00 (lower mid).	Alpha: -2.11 (bottom quartile).	Alpha: 1.18 (upper mid).
Point 10	Sharpe: -1.21 (bottom quartile).	Sharpe: -0.29 (top quartile).	Sharpe: -0.64 (lower mid).	Sharpe: -0.80 (bottom quartile).	Sharpe: -0.47 (upper mid).

JM Equity Hybrid Fund

Bottom quartile AUM (₹804 Cr).
Oldest track record among peers (30 yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 21.31% (lower mid).
3Y return: 20.94% (top quartile).
1Y return: -3.30% (bottom quartile).
1M return: 0.30% (bottom quartile).
Alpha: -8.63 (bottom quartile).
Sharpe: -1.21 (bottom quartile).

ICICI Prudential Equity and Debt Fund

Highest AUM (₹45,168 Cr).
Established history (25+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 26.71% (top quartile).
3Y return: 20.30% (upper mid).
1Y return: 7.62% (top quartile).
1M return: 1.09% (top quartile).
Alpha: 2.96 (top quartile).
Sharpe: -0.29 (top quartile).

BOI AXA Mid and Small Cap Equity and Debt Fund

Bottom quartile AUM (₹1,253 Cr).
Established history (9+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 22.43% (upper mid).
3Y return: 19.09% (lower mid).
1Y return: -2.28% (bottom quartile).
1M return: -1.25% (bottom quartile).
Alpha: 0.00 (lower mid).
Sharpe: -0.64 (lower mid).

UTI Hybrid Equity Fund

Lower mid AUM (₹6,302 Cr).
Established history (30+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 19.79% (bottom quartile).
3Y return: 16.90% (bottom quartile).
1Y return: 1.42% (lower mid).
1M return: 0.59% (upper mid).
Alpha: -2.11 (bottom quartile).
Sharpe: -0.80 (bottom quartile).

DSP Equity and Bond Fund

Upper mid AUM (₹11,333 Cr).
Established history (26+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 17.07% (bottom quartile).
3Y return: 16.65% (bottom quartile).
1Y return: 3.84% (upper mid).
1M return: 0.55% (lower mid).
Alpha: 1.18 (upper mid).
Sharpe: -0.47 (upper mid).

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 (%)
HDFC Gold Fund Growth	₹38.0008 ↓ -0.92	₹4,915	28.9	32.6	61.4	34.6	18.5	18.9
SBI Gold Fund Growth	₹37.1642 ↓ -0.96	₹5,221	28.8	32.5	61.4	34.5	18.7	19.6
IDBI Gold Fund Growth	₹32.9438 ↓ -1.32	₹254	28.4	31.6	60.5	34.4	19	18.7
Nippon India Gold Savings Fund Growth	₹48.491 ↓ -1.37	₹3,439	28.5	31.9	60.7	34.2	18.4	19
Kotak Gold Fund Growth	₹48.7643 ↓ -1.22	₹3,506	28.8	32.5	60.8	34.2	18.4	18.9
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 20 Oct 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	HDFC Gold Fund	SBI Gold Fund	IDBI Gold Fund	Nippon India Gold Savings Fund	Kotak Gold Fund
Point 1	Upper mid AUM (₹4,915 Cr).	Highest AUM (₹5,221 Cr).	Bottom quartile AUM (₹254 Cr).	Bottom quartile AUM (₹3,439 Cr).	Lower mid AUM (₹3,506 Cr).
Point 2	Oldest track record among peers (14 yrs).	Established history (14+ yrs).	Established history (13+ yrs).	Established history (14+ yrs).	Established history (14+ yrs).
Point 3	Rating: 1★ (lower mid).	Top rated.	Not Rated.	Rating: 2★ (upper 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: 18.53% (lower mid).	5Y return: 18.67% (upper mid).	5Y return: 19.04% (top quartile).	5Y return: 18.36% (bottom quartile).	5Y return: 18.36% (bottom quartile).
Point 6	3Y return: 34.56% (top quartile).	3Y return: 34.49% (upper mid).	3Y return: 34.37% (lower mid).	3Y return: 34.20% (bottom quartile).	3Y return: 34.18% (bottom quartile).
Point 7	1Y return: 61.43% (top quartile).	1Y return: 61.43% (upper mid).	1Y return: 60.47% (bottom quartile).	1Y return: 60.69% (bottom quartile).	1Y return: 60.83% (lower mid).
Point 8	1M return: 15.58% (top quartile).	1M return: 15.51% (upper mid).	1M return: 15.00% (bottom quartile).	1M return: 15.11% (bottom quartile).	1M return: 15.43% (lower mid).
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: 2.55 (lower mid).	Sharpe: 2.58 (upper mid).	Sharpe: 2.38 (bottom quartile).	Sharpe: 2.52 (bottom quartile).	Sharpe: 2.58 (top quartile).

HDFC Gold Fund

Upper mid AUM (₹4,915 Cr).
Oldest track record among peers (14 yrs).
Rating: 1★ (lower mid).
Risk profile: Moderately High.
5Y return: 18.53% (lower mid).
3Y return: 34.56% (top quartile).
1Y return: 61.43% (top quartile).
1M return: 15.58% (top quartile).
Alpha: 0.00 (top quartile).
Sharpe: 2.55 (lower mid).

SBI Gold Fund

Highest AUM (₹5,221 Cr).
Established history (14+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 18.67% (upper mid).
3Y return: 34.49% (upper mid).
1Y return: 61.43% (upper mid).
1M return: 15.51% (upper mid).
Alpha: 0.00 (upper mid).
Sharpe: 2.58 (upper mid).

IDBI Gold Fund

Bottom quartile AUM (₹254 Cr).
Established history (13+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 19.04% (top quartile).
3Y return: 34.37% (lower mid).
1Y return: 60.47% (bottom quartile).
1M return: 15.00% (bottom quartile).
Alpha: 0.00 (lower mid).
Sharpe: 2.38 (bottom quartile).

Nippon India Gold Savings Fund

Bottom quartile AUM (₹3,439 Cr).
Established history (14+ yrs).
Rating: 2★ (upper mid).
Risk profile: Moderately High.
5Y return: 18.36% (bottom quartile).
3Y return: 34.20% (bottom quartile).
1Y return: 60.69% (bottom quartile).
1M return: 15.11% (bottom quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: 2.52 (bottom quartile).

Kotak Gold Fund

Lower mid AUM (₹3,506 Cr).
Established history (14+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 18.36% (bottom quartile).
3Y return: 34.18% (bottom quartile).
1Y return: 60.83% (lower mid).
1M return: 15.43% (lower mid).
Alpha: 0.00 (bottom quartile).
Sharpe: 2.58 (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.