Best Mutual Funds with Highest Returns 2025

Updated on December 28, 2025 , 16078 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	₹3,093.96 ↑ 0.07	₹1,426	0.5	1.4	2.9	6.6	7.4	5.94%	1M 20D	1M 20D
IDBI Liquid Fund Growth	₹2,454.04 ↑ 0.35	₹503	0.5	1.7	3.4	6.6		6.66%	1M 7D	1M 10D
Axis Liquid Fund Growth	₹2,990.86 ↓ -0.01	₹37,358	0.4	1.4	2.9	6.6	7.4	5.98%	1M 9D	1M 12D
Indiabulls Liquid Fund Growth	₹2,597.59 ↓ 0.00	₹183	0.4	1.4	2.9	6.5	7.4	5.88%	1M 20D	1M 21D
Edelweiss Liquid Fund Growth	₹3,435.45 ↓ -0.02	₹10,214	0.5	1.4	2.9	6.5	7.3	5.92%	1M 2D	1M 2D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 30 Dec 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	BOI AXA Liquid Fund	IDBI Liquid Fund	Axis Liquid Fund	Indiabulls Liquid Fund	Edelweiss Liquid Fund
Point 1	Lower mid AUM (₹1,426 Cr).	Bottom quartile AUM (₹503 Cr).	Highest AUM (₹37,358 Cr).	Bottom quartile AUM (₹183 Cr).	Upper mid AUM (₹10,214 Cr).
Point 2	Established history (17+ yrs).	Established history (15+ yrs).	Established history (16+ yrs).	Established history (14+ yrs).	Oldest track record among peers (18 yrs).
Point 3	Rating: 3★ (lower mid).	Rating: 3★ (bottom quartile).	Rating: 4★ (upper mid).	Top rated.	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: 6.56% (top quartile).	1Y return: 6.55% (upper mid).	1Y return: 6.55% (lower mid).	1Y return: 6.55% (bottom quartile).	1Y return: 6.54% (bottom quartile).
Point 6	1M return: 0.46% (upper mid).	1M return: 0.53% (top quartile).	1M return: 0.45% (bottom quartile).	1M return: 0.45% (bottom quartile).	1M return: 0.45% (lower mid).
Point 7	Sharpe: 3.84 (top quartile).	Sharpe: 0.20 (bottom quartile).	Sharpe: 3.40 (lower mid).	Sharpe: 3.30 (bottom quartile).	Sharpe: 3.62 (upper mid).
Point 8	Information ratio: 1.15 (top quartile).	Information ratio: -5.96 (bottom quartile).	Information ratio: 0.00 (upper mid).	Information ratio: -0.88 (bottom quartile).	Information ratio: 0.00 (lower mid).
Point 9	Yield to maturity (debt): 5.94% (lower mid).	Yield to maturity (debt): 6.66% (top quartile).	Yield to maturity (debt): 5.98% (upper mid).	Yield to maturity (debt): 5.88% (bottom quartile).	Yield to maturity (debt): 5.92% (bottom quartile).
Point 10	Modified duration: 0.14 yrs (bottom quartile).	Modified duration: 0.10 yrs (upper mid).	Modified duration: 0.11 yrs (lower mid).	Modified duration: 0.14 yrs (bottom quartile).	Modified duration: 0.09 yrs (top quartile).

BOI AXA Liquid Fund

Lower mid AUM (₹1,426 Cr).
Established history (17+ yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.56% (top quartile).
1M return: 0.46% (upper mid).
Sharpe: 3.84 (top quartile).
Information ratio: 1.15 (top quartile).
Yield to maturity (debt): 5.94% (lower mid).
Modified duration: 0.14 yrs (bottom quartile).

IDBI Liquid Fund

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

Axis Liquid Fund

Highest AUM (₹37,358 Cr).
Established history (16+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.55% (lower mid).
1M return: 0.45% (bottom quartile).
Sharpe: 3.40 (lower mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 5.98% (upper mid).
Modified duration: 0.11 yrs (lower mid).

Indiabulls Liquid Fund

Bottom quartile AUM (₹183 Cr).
Established history (14+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.55% (bottom quartile).
1M return: 0.45% (bottom quartile).
Sharpe: 3.30 (bottom quartile).
Information ratio: -0.88 (bottom quartile).
Yield to maturity (debt): 5.88% (bottom quartile).
Modified duration: 0.14 yrs (bottom quartile).

Edelweiss Liquid Fund

Upper mid AUM (₹10,214 Cr).
Oldest track record among peers (18 yrs).
Rating: 2★ (bottom quartile).
Risk profile: Low.
1Y return: 6.54% (bottom quartile).
1M return: 0.45% (lower mid).
Sharpe: 3.62 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 5.92% (bottom quartile).
Modified duration: 0.09 yrs (top quartile).

Top 5 Ultra Short Term Funds with 1 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Franklin India Ultra Short Bond Fund - Super Institutional Plan Growth	₹34.9131 ↑ 0.04	₹297	1.3	5.9	13.7	8.8		0%		1Y 15D
Aditya Birla Sun Life Savings Fund Growth	₹565.956 ↓ -0.04	₹24,129	1.5	3.1	7.4	7.5	7.9	6.66%	5M 23D	6M 18D
ICICI Prudential Ultra Short Term Fund Growth	₹28.5565 ↓ 0.00	₹19,738	1.4	3	7.1	7.1	7.5	6.55%	4M 13D	5M 26D
SBI Magnum Ultra Short Duration Fund Growth	₹6,156.15 ↓ -0.12	₹15,565	1.4	2.9	7	7.1	7.4	6.35%	5M 8D	5M 23D
Invesco India Ultra Short Term Fund Growth	₹2,775.25 ↓ -0.05	₹1,607	1.3	2.8	6.8	7	7.5	6.37%	5M 8D	5M 15D
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 (₹24,129 Cr).	Upper mid AUM (₹19,738 Cr).	Lower mid AUM (₹15,565 Cr).	Bottom quartile AUM (₹1,607 Cr).
Point 2	Established history (18+ yrs).	Established history (22+ yrs).	Established history (14+ yrs).	Oldest track record among peers (26 yrs).	Established history (15+ yrs).
Point 3	Rating: 1★ (bottom quartile).	Top rated.	Rating: 3★ (upper mid).	Rating: 3★ (lower mid).	Rating: 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: 7.39% (upper mid).	1Y return: 7.08% (lower mid).	1Y return: 6.98% (bottom quartile).	1Y return: 6.84% (bottom quartile).
Point 6	1M return: 0.59% (top quartile).	1M return: 0.40% (bottom quartile).	1M return: 0.41% (upper mid).	1M return: 0.40% (bottom quartile).	1M return: 0.40% (lower mid).
Point 7	Sharpe: 2.57 (bottom quartile).	Sharpe: 3.69 (top quartile).	Sharpe: 3.17 (upper mid).	Sharpe: 2.81 (lower mid).	Sharpe: 2.64 (bottom quartile).
Point 8	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 0.00% (bottom quartile).	Yield to maturity (debt): 6.66% (top quartile).	Yield to maturity (debt): 6.55% (upper mid).	Yield to maturity (debt): 6.35% (bottom quartile).	Yield to maturity (debt): 6.37% (lower mid).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 0.48 yrs (bottom quartile).	Modified duration: 0.37 yrs (upper mid).	Modified duration: 0.44 yrs (bottom quartile).	Modified duration: 0.44 yrs (lower mid).

Franklin India Ultra Short Bond Fund - Super Institutional Plan

Bottom quartile AUM (₹297 Cr).
Established history (18+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderate.
1Y return: 13.69% (top quartile).
1M return: 0.59% (top quartile).
Sharpe: 2.57 (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 (₹24,129 Cr).
Established history (22+ yrs).
Top rated.
Risk profile: Moderately Low.
1Y return: 7.39% (upper mid).
1M return: 0.40% (bottom quartile).
Sharpe: 3.69 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.66% (top quartile).
Modified duration: 0.48 yrs (bottom quartile).

ICICI Prudential Ultra Short Term Fund

Upper mid AUM (₹19,738 Cr).
Established history (14+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderate.
1Y return: 7.08% (lower mid).
1M return: 0.41% (upper mid).
Sharpe: 3.17 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.55% (upper mid).
Modified duration: 0.37 yrs (upper mid).

SBI Magnum Ultra Short Duration Fund

Lower mid AUM (₹15,565 Cr).
Oldest track record among peers (26 yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.98% (bottom quartile).
1M return: 0.40% (bottom quartile).
Sharpe: 2.81 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.35% (bottom quartile).
Modified duration: 0.44 yrs (bottom quartile).

Invesco India Ultra Short Term Fund

Bottom quartile AUM (₹1,607 Cr).
Established history (15+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderate.
1Y return: 6.84% (bottom quartile).
1M return: 0.40% (lower mid).
Sharpe: 2.64 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.37% (lower mid).
Modified duration: 0.44 yrs (lower mid).

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Top 5 Short Term Funds with 3 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Franklin India Short Term Income Plan - Retail Plan Growth	₹15,041.3 ↑ 0.11	₹13	192.1	192.1	192.1	47.3		0%
HDFC Short Term Debt Fund Growth	₹33.0023 ↓ -0.01	₹18,412	1.5	2.7	7.8	7.7	8.3	6.93%	2Y 3M 14D	3Y 4M 24D
ICICI Prudential Short Term Fund Growth	₹62.0946 ↓ -0.03	₹23,473	1.6	2.9	8	7.7	7.8	7.06%	2Y 3M 22D	4Y 3M 11D
Axis Short Term Fund Growth	₹31.8764 ↓ -0.01	₹12,692	1.4	2.7	8.1	7.6	8	6.85%	2Y 5M 5D	3Y 22D
Nippon India Short Term Fund Growth	₹54.3708 ↓ -0.02	₹9,809	1.4	2.6	7.9	7.5	8	7.02%	2Y 7M 24D	3Y 3M 4D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 2 May 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	Franklin India Short Term Income Plan - Retail Plan	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 (₹18,412 Cr).	Highest AUM (₹23,473 Cr).	Lower mid AUM (₹12,692 Cr).	Bottom quartile AUM (₹9,809 Cr).
Point 2	Established history (23+ yrs).	Established history (15+ yrs).	Oldest track record among peers (24 yrs).	Established history (15+ yrs).	Established history (23+ 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: 7.83% (bottom quartile).	1Y return: 7.97% (lower mid).	1Y return: 8.06% (upper mid).	1Y return: 7.90% (bottom quartile).
Point 6	1M return: 192.10% (top quartile).	1M return: 0.13% (lower mid).	1M return: 0.22% (upper mid).	1M return: 0.10% (bottom quartile).	1M return: 0.03% (bottom quartile).
Point 7	Sharpe: -90.89 (bottom quartile).	Sharpe: 1.56 (lower mid).	Sharpe: 1.72 (upper mid).	Sharpe: 1.78 (top quartile).	Sharpe: 1.53 (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): 6.93% (lower mid).	Yield to maturity (debt): 7.06% (top quartile).	Yield to maturity (debt): 6.85% (bottom quartile).	Yield to maturity (debt): 7.02% (upper mid).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 2.29 yrs (upper mid).	Modified duration: 2.31 yrs (lower mid).	Modified duration: 2.43 yrs (bottom quartile).	Modified duration: 2.65 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 (₹18,412 Cr).
Established history (15+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately Low.
1Y return: 7.83% (bottom quartile).
1M return: 0.13% (lower mid).
Sharpe: 1.56 (lower mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 6.93% (lower mid).
Modified duration: 2.29 yrs (upper mid).

ICICI Prudential Short Term Fund

Highest AUM (₹23,473 Cr).
Oldest track record among peers (24 yrs).
Top rated.
Risk profile: Moderate.
1Y return: 7.97% (lower mid).
1M return: 0.22% (upper mid).
Sharpe: 1.72 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.06% (top quartile).
Modified duration: 2.31 yrs (lower mid).

Axis Short Term Fund

Lower mid AUM (₹12,692 Cr).
Established history (15+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 8.06% (upper mid).
1M return: 0.10% (bottom quartile).
Sharpe: 1.78 (top quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.85% (bottom quartile).
Modified duration: 2.43 yrs (bottom quartile).

Nippon India Short Term Fund

Bottom quartile AUM (₹9,809 Cr).
Established history (23+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately Low.
1Y return: 7.90% (bottom quartile).
1M return: 0.03% (bottom quartile).
Sharpe: 1.53 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.02% (upper mid).
Modified duration: 2.65 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	₹104.673 ↓ -0.16	₹9,227	1.1	1.3	6.8	7.7	8.2	7.17%	6Y 18D	17Y 9M 11D
Axis Gilt Fund Growth	₹25.8121 ↓ -0.01	₹599	0.9	0.9	5.3	7.4	10	6.99%	8Y 8M 5D	21Y 3M 4D
DSP Government Securities Fund Growth	₹96.3671 ↑ 0.03	₹1,345	0.6	0.9	4.5	7.2	10.1	7.36%	11Y 1M 20D	30Y 10M 20D
SBI Magnum Gilt Fund Growth	₹66.3983 ↑ 0.03	₹10,897	0.6	0.6	4.7	7	8.9	6.9%	7Y 11M 19D	14Y 7D
Bandhan Government Securities Fund - Investment Plan Growth	₹35.4012 ↓ -0.02	₹2,275	1.2	1.1	4	7	10.6	6.09%	2Y 10M 20D	3Y 8M 1D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 30 Dec 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	ICICI Prudential Gilt Fund	Axis Gilt Fund	DSP Government Securities Fund	SBI Magnum Gilt Fund	Bandhan Government Securities Fund - Investment Plan
Point 1	Upper mid AUM (₹9,227 Cr).	Bottom quartile AUM (₹599 Cr).	Bottom quartile AUM (₹1,345 Cr).	Highest AUM (₹10,897 Cr).	Lower mid AUM (₹2,275 Cr).
Point 2	Oldest track record among peers (26 yrs).	Established history (13+ yrs).	Established history (26+ yrs).	Established history (25+ yrs).	Established history (17+ yrs).
Point 3	Top rated.	Rating: 1★ (bottom quartile).	Rating: 3★ (lower mid).	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: 6.77% (top quartile).	1Y return: 5.34% (upper mid).	1Y return: 4.54% (bottom quartile).	1Y return: 4.72% (lower mid).	1Y return: 3.97% (bottom quartile).
Point 6	1M return: 0.45% (upper mid).	1M return: 0.37% (lower mid).	1M return: 0.92% (top quartile).	1M return: -0.03% (bottom quartile).	1M return: 0.05% (bottom quartile).
Point 7	Sharpe: 0.18 (top quartile).	Sharpe: -0.19 (upper mid).	Sharpe: -0.40 (bottom quartile).	Sharpe: -0.23 (lower mid).	Sharpe: -0.34 (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): 7.17% (upper mid).	Yield to maturity (debt): 6.99% (lower mid).	Yield to maturity (debt): 7.36% (top quartile).	Yield to maturity (debt): 6.90% (bottom quartile).	Yield to maturity (debt): 6.09% (bottom quartile).
Point 10	Modified duration: 6.05 yrs (upper mid).	Modified duration: 8.68 yrs (bottom quartile).	Modified duration: 11.14 yrs (bottom quartile).	Modified duration: 7.97 yrs (lower mid).	Modified duration: 2.89 yrs (top quartile).

ICICI Prudential Gilt Fund

Upper mid AUM (₹9,227 Cr).
Oldest track record among peers (26 yrs).
Top rated.
Risk profile: Moderate.
1Y return: 6.77% (top quartile).
1M return: 0.45% (upper mid).
Sharpe: 0.18 (top quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.17% (upper mid).
Modified duration: 6.05 yrs (upper mid).

Axis Gilt Fund

Bottom quartile AUM (₹599 Cr).
Established history (13+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderate.
1Y return: 5.34% (upper mid).
1M return: 0.37% (lower mid).
Sharpe: -0.19 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.99% (lower mid).
Modified duration: 8.68 yrs (bottom quartile).

DSP Government Securities Fund

Bottom quartile AUM (₹1,345 Cr).
Established history (26+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderate.
1Y return: 4.54% (bottom quartile).
1M return: 0.92% (top quartile).
Sharpe: -0.40 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.36% (top quartile).
Modified duration: 11.14 yrs (bottom quartile).

SBI Magnum Gilt Fund

Highest AUM (₹10,897 Cr).
Established history (25+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
1Y return: 4.72% (lower mid).
1M return: -0.03% (bottom quartile).
Sharpe: -0.23 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.90% (bottom quartile).
Modified duration: 7.97 yrs (lower mid).

Bandhan Government Securities Fund - Investment Plan

Lower mid AUM (₹2,275 Cr).
Established history (17+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderate.
1Y return: 3.97% (bottom quartile).
1M return: 0.05% (bottom quartile).
Sharpe: -0.34 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.09% (bottom quartile).
Modified duration: 2.89 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	₹23.2682 ↓ 0.00	₹646	1.3	2.6	8.3	8.2	9.6	7.1%	4Y 9M 24D	6Y 8M 23D
ICICI Prudential Long Term Plan Growth	₹37.8339 ↓ -0.03	₹14,944	1.2	2.1	7.2	7.6	8.2	7.53%	4Y 9M	12Y 6M 7D
Nippon India Dynamic Bond Fund Growth	₹38.0413 ↓ -0.04	₹4,429	1.1	1.3	7	7.5	9	6.76%	3Y 9M 22D	4Y 7M 2D
Aditya Birla Sun Life Dynamic Bond Fund Growth	₹47.3007 ↓ -0.02	₹1,880	1.2	1.8	7	7.5	8.8	7.58%	6Y 6M 14D	13Y 7M 24D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 7 Aug 22

Research Highlights & Commentary of 5 Funds showcased

Commentary	Franklin India Dynamic Accrual Fund	IIFL Dynamic Bond Fund	ICICI Prudential Long Term Plan	Nippon India Dynamic Bond Fund	Aditya Birla Sun Life Dynamic Bond Fund
Point 1	Bottom quartile AUM (₹99 Cr).	Bottom quartile AUM (₹646 Cr).	Highest AUM (₹14,944 Cr).	Upper mid AUM (₹4,429 Cr).	Lower mid AUM (₹1,880 Cr).
Point 2	Oldest track record among peers (28 yrs).	Established history (12+ yrs).	Established history (15+ yrs).	Established history (21+ yrs).	Established history (21+ yrs).
Point 3	Rating: 1★ (lower mid).	Not Rated.	Top rated.	Not 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: 8.32% (upper mid).	1Y return: 7.20% (lower mid).	1Y return: 7.03% (bottom quartile).	1Y return: 6.98% (bottom quartile).
Point 6	1M return: 1.43% (top quartile).	1M return: -0.11% (bottom quartile).	1M return: 0.32% (upper mid).	1M return: -0.28% (bottom quartile).	1M return: 0.21% (lower mid).
Point 7	Sharpe: 1.19 (top quartile).	Sharpe: 1.12 (upper mid).	Sharpe: 0.53 (bottom quartile).	Sharpe: 0.68 (lower mid).	Sharpe: 0.34 (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): 7.10% (lower mid).	Yield to maturity (debt): 7.53% (upper mid).	Yield to maturity (debt): 6.76% (bottom quartile).	Yield to maturity (debt): 7.58% (top quartile).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 4.82 yrs (bottom quartile).	Modified duration: 4.75 yrs (lower mid).	Modified duration: 3.81 yrs (upper mid).	Modified duration: 6.54 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 (₹646 Cr).
Established history (12+ yrs).
Not Rated.
Risk profile: Moderate.
1Y return: 8.32% (upper mid).
1M return: -0.11% (bottom quartile).
Sharpe: 1.12 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.10% (lower mid).
Modified duration: 4.82 yrs (bottom quartile).

ICICI Prudential Long Term Plan

Highest AUM (₹14,944 Cr).
Established history (15+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 7.20% (lower mid).
1M return: 0.32% (upper mid).
Sharpe: 0.53 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.53% (upper mid).
Modified duration: 4.75 yrs (lower mid).

Nippon India Dynamic Bond Fund

Upper mid AUM (₹4,429 Cr).
Established history (21+ yrs).
Not Rated.
Risk profile: Moderate.
1Y return: 7.03% (bottom quartile).
1M return: -0.28% (bottom quartile).
Sharpe: 0.68 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.76% (bottom quartile).
Modified duration: 3.81 yrs (upper mid).

Aditya Birla Sun Life Dynamic Bond Fund

Lower mid AUM (₹1,880 Cr).
Established history (21+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderate.
1Y return: 6.98% (bottom quartile).
1M return: 0.21% (lower mid).
Sharpe: 0.34 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.58% (top quartile).
Modified duration: 6.54 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	₹93.4092 ↓ -0.11	₹50,312	3	1.8	8.4	19.2	20.1	18.2
ICICI Prudential Bluechip Fund Growth	₹114.65 ↑ 0.02	₹78,160	4.5	2.7	10.6	18.1	17.9	16.9
HDFC Top 100 Fund Growth	₹1,170.52 ↓ -0.56	₹40,618	4.2	1.4	7.2	15.8	17.2	11.6
TATA Large Cap Fund Growth	₹522.236 ↑ 1.05	₹2,827	4.7	2.7	8.4	15.1	15.9	12.9
Invesco India Largecap Fund Growth	₹70.4 ↓ -0.39	₹1,723	2.6	-0.7	4.6	17.1	15.6	20
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 30 Dec 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	Nippon India Large Cap Fund	ICICI Prudential Bluechip Fund	HDFC Top 100 Fund	TATA Large Cap Fund	Invesco India Largecap Fund
Point 1	Upper mid AUM (₹50,312 Cr).	Highest AUM (₹78,160 Cr).	Lower mid AUM (₹40,618 Cr).	Bottom quartile AUM (₹2,827 Cr).	Bottom quartile AUM (₹1,723 Cr).
Point 2	Established history (18+ yrs).	Established history (17+ yrs).	Oldest track record among peers (29 yrs).	Established history (27+ yrs).	Established history (16+ yrs).
Point 3	Top rated.	Rating: 4★ (upper mid).	Rating: 3★ (lower mid).	Rating: 3★ (bottom quartile).	Rating: 3★ (bottom quartile).
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 20.09% (top quartile).	5Y return: 17.89% (upper mid).	5Y return: 17.20% (lower mid).	5Y return: 15.87% (bottom quartile).	5Y return: 15.62% (bottom quartile).
Point 6	3Y return: 19.20% (top quartile).	3Y return: 18.05% (upper mid).	3Y return: 15.83% (bottom quartile).	3Y return: 15.06% (bottom quartile).	3Y return: 17.11% (lower mid).
Point 7	1Y return: 8.40% (lower mid).	1Y return: 10.56% (top quartile).	1Y return: 7.19% (bottom quartile).	1Y return: 8.40% (upper mid).	1Y return: 4.62% (bottom quartile).
Point 8	Alpha: -0.13 (upper mid).	Alpha: 1.62 (top quartile).	Alpha: -1.74 (bottom quartile).	Alpha: -1.10 (lower mid).	Alpha: -2.03 (bottom quartile).
Point 9	Sharpe: 0.22 (upper mid).	Sharpe: 0.33 (top quartile).	Sharpe: 0.03 (bottom quartile).	Sharpe: 0.10 (lower mid).	Sharpe: 0.06 (bottom quartile).
Point 10	Information ratio: 1.45 (top quartile).	Information ratio: 1.40 (upper mid).	Information ratio: 0.64 (bottom quartile).	Information ratio: 0.31 (bottom quartile).	Information ratio: 0.84 (lower mid).

Nippon India Large Cap Fund

Upper mid AUM (₹50,312 Cr).
Established history (18+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 20.09% (top quartile).
3Y return: 19.20% (top quartile).
1Y return: 8.40% (lower mid).
Alpha: -0.13 (upper mid).
Sharpe: 0.22 (upper mid).
Information ratio: 1.45 (top quartile).

ICICI Prudential Bluechip Fund

Highest AUM (₹78,160 Cr).
Established history (17+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 17.89% (upper mid).
3Y return: 18.05% (upper mid).
1Y return: 10.56% (top quartile).
Alpha: 1.62 (top quartile).
Sharpe: 0.33 (top quartile).
Information ratio: 1.40 (upper mid).

HDFC Top 100 Fund

Lower mid AUM (₹40,618 Cr).
Oldest track record among peers (29 yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 17.20% (lower mid).
3Y return: 15.83% (bottom quartile).
1Y return: 7.19% (bottom quartile).
Alpha: -1.74 (bottom quartile).
Sharpe: 0.03 (bottom quartile).
Information ratio: 0.64 (bottom quartile).

TATA Large Cap Fund

Bottom quartile AUM (₹2,827 Cr).
Established history (27+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 15.87% (bottom quartile).
3Y return: 15.06% (bottom quartile).
1Y return: 8.40% (upper mid).
Alpha: -1.10 (lower mid).
Sharpe: 0.10 (lower mid).
Information ratio: 0.31 (bottom quartile).

Invesco India Largecap Fund

Bottom quartile AUM (₹1,723 Cr).
Established history (16+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 15.62% (bottom quartile).
3Y return: 17.11% (lower mid).
1Y return: 4.62% (bottom quartile).
Alpha: -2.03 (bottom quartile).
Sharpe: 0.06 (bottom quartile).
Information ratio: 0.84 (lower mid).

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

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
Motilal Oswal Midcap 30 Fund Growth	₹97.8181 ↓ -0.70	₹38,003	-0.9	-6.5	-13.3	24.6	27.4	57.1
Nippon India Small Cap Fund Growth	₹164.585 ↓ -0.44	₹68,572	-0.7	-5.1	-5.1	21	27	26.1
HDFC Mid-Cap Opportunities Fund Growth	₹201.357 ↓ -0.03	₹92,169	4.8	2.4	5.8	25.2	25.3	28.6
Edelweiss Mid Cap Fund Growth	₹103.612 ↓ -0.19	₹13,196	4.9	-0.1	2.9	25.5	25	38.9
HDFC Small Cap Fund Growth	₹136.664 ↓ -0.73	₹38,020	-2.1	-2.9	-1.2	19.7	24.2	20.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 30 Dec 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	Motilal Oswal Midcap 30 Fund	Nippon India Small Cap Fund	HDFC Mid-Cap Opportunities Fund	Edelweiss Mid Cap Fund	HDFC Small Cap Fund
Point 1	Bottom quartile AUM (₹38,003 Cr).	Upper mid AUM (₹68,572 Cr).	Highest AUM (₹92,169 Cr).	Bottom quartile AUM (₹13,196 Cr).	Lower mid AUM (₹38,020 Cr).
Point 2	Established history (11+ yrs).	Established history (15+ yrs).	Oldest track record among peers (18 yrs).	Established history (18+ yrs).	Established history (17+ yrs).
Point 3	Rating: 3★ (lower mid).	Top rated.	Rating: 3★ (bottom quartile).	Rating: 3★ (bottom quartile).	Rating: 4★ (upper mid).
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: 27.39% (top quartile).	5Y return: 26.98% (upper mid).	5Y return: 25.35% (lower mid).	5Y return: 25.00% (bottom quartile).	5Y return: 24.17% (bottom quartile).
Point 6	3Y return: 24.61% (lower mid).	3Y return: 20.96% (bottom quartile).	3Y return: 25.23% (upper mid).	3Y return: 25.51% (top quartile).	3Y return: 19.65% (bottom quartile).
Point 7	1Y return: -13.28% (bottom quartile).	1Y return: -5.09% (bottom quartile).	1Y return: 5.79% (top quartile).	1Y return: 2.93% (upper mid).	1Y return: -1.24% (lower mid).
Point 8	Alpha: -11.47 (bottom quartile).	Alpha: -1.19 (lower mid).	Alpha: 1.50 (top quartile).	Alpha: -2.28 (bottom quartile).	Alpha: 0.00 (upper mid).
Point 9	Sharpe: -0.40 (bottom quartile).	Sharpe: -0.40 (bottom quartile).	Sharpe: 0.26 (top quartile).	Sharpe: 0.05 (upper mid).	Sharpe: -0.18 (lower mid).
Point 10	Information ratio: 0.21 (lower mid).	Information ratio: 0.05 (bottom quartile).	Information ratio: 0.52 (top quartile).	Information ratio: 0.27 (upper mid).	Information ratio: 0.00 (bottom quartile).

Motilal Oswal Midcap 30 Fund

Bottom quartile AUM (₹38,003 Cr).
Established history (11+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 27.39% (top quartile).
3Y return: 24.61% (lower mid).
1Y return: -13.28% (bottom quartile).
Alpha: -11.47 (bottom quartile).
Sharpe: -0.40 (bottom quartile).
Information ratio: 0.21 (lower mid).

Nippon India Small Cap Fund

Upper mid AUM (₹68,572 Cr).
Established history (15+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 26.98% (upper mid).
3Y return: 20.96% (bottom quartile).
1Y return: -5.09% (bottom quartile).
Alpha: -1.19 (lower mid).
Sharpe: -0.40 (bottom quartile).
Information ratio: 0.05 (bottom quartile).

HDFC Mid-Cap Opportunities Fund

Highest AUM (₹92,169 Cr).
Oldest track record among peers (18 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 25.35% (lower mid).
3Y return: 25.23% (upper mid).
1Y return: 5.79% (top quartile).
Alpha: 1.50 (top quartile).
Sharpe: 0.26 (top quartile).
Information ratio: 0.52 (top quartile).

Edelweiss Mid Cap Fund

Bottom quartile AUM (₹13,196 Cr).
Established history (18+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: High.
5Y return: 25.00% (bottom quartile).
3Y return: 25.51% (top quartile).
1Y return: 2.93% (upper mid).
Alpha: -2.28 (bottom quartile).
Sharpe: 0.05 (upper mid).
Information ratio: 0.27 (upper mid).

HDFC Small Cap Fund

Lower mid AUM (₹38,020 Cr).
Established history (17+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 24.17% (bottom quartile).
3Y return: 19.65% (bottom quartile).
1Y return: -1.24% (lower mid).
Alpha: 0.00 (upper mid).
Sharpe: -0.18 (lower mid).
Information ratio: 0.00 (bottom quartile).

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	₹298.142 ↓ -0.85	₹50,048	0.5	-1.5	3.4	21.5	25	25.8
HDFC Equity Fund Growth	₹2,054.33 ↑ 1.02	₹94,069	2.6	2.8	10.6	21.2	23.5	23.5
Mahindra Badhat Yojana Growth	₹35.6903 ↓ -0.05	₹6,125	3.6	-1.1	2.8	19.3	21.1	23.4
JM Multicap Fund Growth	₹96.1909 ↓ -0.26	₹6,015	-0.4	-3.3	-7.5	19.9	19.8	33.3
Parag Parikh Long Term Equity Fund Growth	₹86.6746 ↓ -0.30	₹129,783	2.4	1.3	7.4	22	19.7	23.9
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 30 Dec 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	Nippon India Multi Cap Fund	HDFC Equity Fund	Mahindra Badhat Yojana	JM Multicap Fund	Parag Parikh Long Term Equity Fund
Point 1	Lower mid AUM (₹50,048 Cr).	Upper mid AUM (₹94,069 Cr).	Bottom quartile AUM (₹6,125 Cr).	Bottom quartile AUM (₹6,015 Cr).	Highest AUM (₹129,783 Cr).
Point 2	Established history (20+ yrs).	Oldest track record among peers (31 yrs).	Established history (8+ yrs).	Established history (17+ yrs).	Established history (12+ yrs).
Point 3	Rating: 2★ (bottom quartile).	Rating: 3★ (upper mid).	Not Rated.	Top rated.	Rating: 3★ (lower mid).
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 24.95% (top quartile).	5Y return: 23.48% (upper mid).	5Y return: 21.13% (lower mid).	5Y return: 19.85% (bottom quartile).	5Y return: 19.66% (bottom quartile).
Point 6	3Y return: 21.50% (upper mid).	3Y return: 21.22% (lower mid).	3Y return: 19.28% (bottom quartile).	3Y return: 19.90% (bottom quartile).	3Y return: 22.03% (top quartile).
Point 7	1Y return: 3.45% (lower mid).	1Y return: 10.56% (top quartile).	1Y return: 2.77% (bottom quartile).	1Y return: -7.52% (bottom quartile).	1Y return: 7.42% (upper mid).
Point 8	Alpha: -0.86 (bottom quartile).	Alpha: 3.46 (top quartile).	Alpha: 0.72 (lower mid).	Alpha: -10.59 (bottom quartile).	Alpha: 2.05 (upper mid).
Point 9	Sharpe: -0.06 (bottom quartile).	Sharpe: 0.42 (top quartile).	Sharpe: 0.04 (lower mid).	Sharpe: -0.60 (bottom quartile).	Sharpe: 0.35 (upper mid).
Point 10	Information ratio: 0.71 (bottom quartile).	Information ratio: 1.30 (top quartile).	Information ratio: 0.23 (bottom quartile).	Information ratio: 0.78 (upper mid).	Information ratio: 0.78 (lower mid).

Nippon India Multi Cap Fund

Lower mid AUM (₹50,048 Cr).
Established history (20+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 24.95% (top quartile).
3Y return: 21.50% (upper mid).
1Y return: 3.45% (lower mid).
Alpha: -0.86 (bottom quartile).
Sharpe: -0.06 (bottom quartile).
Information ratio: 0.71 (bottom quartile).

HDFC Equity Fund

Upper mid AUM (₹94,069 Cr).
Oldest track record among peers (31 yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 23.48% (upper mid).
3Y return: 21.22% (lower mid).
1Y return: 10.56% (top quartile).
Alpha: 3.46 (top quartile).
Sharpe: 0.42 (top quartile).
Information ratio: 1.30 (top quartile).

Mahindra Badhat Yojana

Bottom quartile AUM (₹6,125 Cr).
Established history (8+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 21.13% (lower mid).
3Y return: 19.28% (bottom quartile).
1Y return: 2.77% (bottom quartile).
Alpha: 0.72 (lower mid).
Sharpe: 0.04 (lower mid).
Information ratio: 0.23 (bottom quartile).

JM Multicap Fund

Bottom quartile AUM (₹6,015 Cr).
Established history (17+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 19.85% (bottom quartile).
3Y return: 19.90% (bottom quartile).
1Y return: -7.52% (bottom quartile).
Alpha: -10.59 (bottom quartile).
Sharpe: -0.60 (bottom quartile).
Information ratio: 0.78 (upper mid).

Parag Parikh Long Term Equity Fund

Highest AUM (₹129,783 Cr).
Established history (12+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 19.66% (bottom quartile).
3Y return: 22.03% (top quartile).
1Y return: 7.42% (upper mid).
Alpha: 2.05 (upper mid).
Sharpe: 0.35 (upper mid).
Information ratio: 0.78 (lower mid).

Top 5 Sector Funds with 5 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
ICICI Prudential Infrastructure Fund Growth	₹195.05 ↓ -0.08	₹8,160	0.9	-2.1	5.7	24.7	30.2	27.4
SBI PSU Fund Growth	₹33.4117 ↑ 0.22	₹5,763	3.4	2.6	10.4	27.8	28.9	23.5
Invesco India PSU Equity Fund Growth	₹65.2 ↑ 0.17	₹1,445	2.5	-0.2	9.5	28.2	27.3	25.6
HDFC Infrastructure Fund Growth	₹47.044 ↓ -0.10	₹2,514	-0.5	-2.7	1.7	24.6	27.1	23
DSP India T.I.G.E.R Fund Growth	₹310.188 ↓ -1.87	₹5,419	-0.1	-2.8	-3	23.8	26.8	32.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 30 Dec 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	ICICI Prudential Infrastructure Fund	SBI PSU Fund	Invesco India PSU Equity Fund	HDFC Infrastructure Fund	DSP India T.I.G.E.R Fund
Point 1	Highest AUM (₹8,160 Cr).	Upper mid AUM (₹5,763 Cr).	Bottom quartile AUM (₹1,445 Cr).	Bottom quartile AUM (₹2,514 Cr).	Lower mid AUM (₹5,419 Cr).
Point 2	Established history (20+ yrs).	Established history (15+ yrs).	Established history (16+ yrs).	Established history (17+ yrs).	Oldest track record among peers (21 yrs).
Point 3	Rating: 3★ (upper mid).	Rating: 2★ (bottom quartile).	Rating: 3★ (lower mid).	Rating: 3★ (bottom quartile).	Top rated.
Point 4	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.
Point 5	5Y return: 30.23% (top quartile).	5Y return: 28.93% (upper mid).	5Y return: 27.29% (lower mid).	5Y return: 27.05% (bottom quartile).	5Y return: 26.78% (bottom quartile).
Point 6	3Y return: 24.68% (lower mid).	3Y return: 27.76% (upper mid).	3Y return: 28.22% (top quartile).	3Y return: 24.62% (bottom quartile).	3Y return: 23.84% (bottom quartile).
Point 7	1Y return: 5.70% (lower mid).	1Y return: 10.44% (top quartile).	1Y return: 9.47% (upper mid).	1Y return: 1.74% (bottom quartile).	1Y return: -2.95% (bottom quartile).
Point 8	Alpha: 0.00 (top quartile).	Alpha: -0.83 (bottom quartile).	Alpha: -0.45 (bottom quartile).	Alpha: 0.00 (upper mid).	Alpha: 0.00 (lower mid).
Point 9	Sharpe: 0.00 (lower mid).	Sharpe: 0.03 (upper mid).	Sharpe: 0.06 (top quartile).	Sharpe: -0.15 (bottom quartile).	Sharpe: -0.39 (bottom quartile).
Point 10	Information ratio: 0.00 (top quartile).	Information ratio: -0.53 (bottom quartile).	Information ratio: -0.49 (bottom quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).

ICICI Prudential Infrastructure Fund

Highest AUM (₹8,160 Cr).
Established history (20+ yrs).
Rating: 3★ (upper mid).
Risk profile: High.
5Y return: 30.23% (top quartile).
3Y return: 24.68% (lower mid).
1Y return: 5.70% (lower mid).
Alpha: 0.00 (top quartile).
Sharpe: 0.00 (lower mid).
Information ratio: 0.00 (top quartile).

SBI PSU Fund

Upper mid AUM (₹5,763 Cr).
Established history (15+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: High.
5Y return: 28.93% (upper mid).
3Y return: 27.76% (upper mid).
1Y return: 10.44% (top quartile).
Alpha: -0.83 (bottom quartile).
Sharpe: 0.03 (upper mid).
Information ratio: -0.53 (bottom quartile).

Invesco India PSU Equity Fund

Bottom quartile AUM (₹1,445 Cr).
Established history (16+ yrs).
Rating: 3★ (lower mid).
Risk profile: High.
5Y return: 27.29% (lower mid).
3Y return: 28.22% (top quartile).
1Y return: 9.47% (upper mid).
Alpha: -0.45 (bottom quartile).
Sharpe: 0.06 (top quartile).
Information ratio: -0.49 (bottom quartile).

HDFC Infrastructure Fund

Bottom quartile AUM (₹2,514 Cr).
Established history (17+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: High.
5Y return: 27.05% (bottom quartile).
3Y return: 24.62% (bottom quartile).
1Y return: 1.74% (bottom quartile).
Alpha: 0.00 (upper mid).
Sharpe: -0.15 (bottom quartile).
Information ratio: 0.00 (upper mid).

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

Lower mid AUM (₹5,419 Cr).
Oldest track record among peers (21 yrs).
Top rated.
Risk profile: High.
5Y return: 26.78% (bottom quartile).
3Y return: 23.84% (bottom quartile).
1Y return: -2.95% (bottom quartile).
Alpha: 0.00 (lower mid).
Sharpe: -0.39 (bottom quartile).
Information ratio: 0.00 (lower mid).

Best Hybrid Mutual Funds with Highest Returns 2025

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

Top 5 Hybrid Debt Funds with 3 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
ICICI Prudential MIP 25 Growth	₹77.6414 ↓ -0.06	₹3,370	1.4	2.6	7.6	10.1	9.1	11.4
Kotak Debt Hybrid Fund Growth	₹59.4703 ↑ 0.02	₹3,103	1.8	1.6	5.1	10	9.5	11.4
DSP Regular Savings Fund Growth	₹60.0433 ↓ -0.04	₹180	2.1	2.1	7.2	10	8.2	11
SBI Debt Hybrid Fund Growth	₹74.0871 ↓ -0.02	₹9,879	1.3	1.9	6.5	9.8	9.6	11
HDFC Hybrid Debt Fund Growth	₹83.3091 ↑ 0.00	₹3,373	1.7	1.2	5.4	9.8	9.8	10.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 30 Dec 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	ICICI Prudential MIP 25	Kotak Debt Hybrid Fund	DSP Regular Savings Fund	SBI Debt Hybrid Fund	HDFC Hybrid Debt Fund
Point 1	Lower mid AUM (₹3,370 Cr).	Bottom quartile AUM (₹3,103 Cr).	Bottom quartile AUM (₹180 Cr).	Highest AUM (₹9,879 Cr).	Upper mid AUM (₹3,373 Cr).
Point 2	Established history (21+ yrs).	Established history (22+ yrs).	Established history (21+ yrs).	Oldest track record among peers (24 yrs).	Established history (22+ yrs).
Point 3	Top rated.	Rating: 4★ (lower mid).	Rating: 3★ (bottom quartile).	Rating: 5★ (upper mid).	Rating: 4★ (bottom quartile).
Point 4	Risk profile: Moderately High.	Risk profile: Moderate.	Risk profile: Moderately High.	Risk profile: Moderate.	Risk profile: Moderately High.
Point 5	5Y return: 9.07% (bottom quartile).	5Y return: 9.51% (lower mid).	5Y return: 8.23% (bottom quartile).	5Y return: 9.58% (upper mid).	5Y return: 9.75% (top quartile).
Point 6	3Y return: 10.10% (top quartile).	3Y return: 10.03% (upper mid).	3Y return: 9.99% (lower mid).	3Y return: 9.82% (bottom quartile).	3Y return: 9.81% (bottom quartile).
Point 7	1Y return: 7.65% (top quartile).	1Y return: 5.11% (bottom quartile).	1Y return: 7.20% (upper mid).	1Y return: 6.51% (lower mid).	1Y return: 5.36% (bottom quartile).
Point 8	1M return: -0.22% (lower mid).	1M return: 0.08% (upper mid).	1M return: 0.30% (top quartile).	1M return: -0.75% (bottom quartile).	1M return: -0.24% (bottom quartile).
Point 9	Alpha: 0.00 (top quartile).	Alpha: -2.79 (bottom quartile).	Alpha: -0.35 (bottom quartile).	Alpha: 0.00 (upper mid).	Alpha: 0.00 (lower mid).
Point 10	Sharpe: 0.61 (top quartile).	Sharpe: -0.21 (bottom quartile).	Sharpe: 0.20 (lower mid).	Sharpe: 0.24 (upper mid).	Sharpe: -0.14 (bottom quartile).

ICICI Prudential MIP 25

Lower mid AUM (₹3,370 Cr).
Established history (21+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 9.07% (bottom quartile).
3Y return: 10.10% (top quartile).
1Y return: 7.65% (top quartile).
1M return: -0.22% (lower mid).
Alpha: 0.00 (top quartile).
Sharpe: 0.61 (top quartile).

Kotak Debt Hybrid Fund

Bottom quartile AUM (₹3,103 Cr).
Established history (22+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderate.
5Y return: 9.51% (lower mid).
3Y return: 10.03% (upper mid).
1Y return: 5.11% (bottom quartile).
1M return: 0.08% (upper mid).
Alpha: -2.79 (bottom quartile).
Sharpe: -0.21 (bottom quartile).

DSP Regular Savings Fund

Bottom quartile AUM (₹180 Cr).
Established history (21+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 8.23% (bottom quartile).
3Y return: 9.99% (lower mid).
1Y return: 7.20% (upper mid).
1M return: 0.30% (top quartile).
Alpha: -0.35 (bottom quartile).
Sharpe: 0.20 (lower mid).

SBI Debt Hybrid Fund

Highest AUM (₹9,879 Cr).
Oldest track record among peers (24 yrs).
Rating: 5★ (upper mid).
Risk profile: Moderate.
5Y return: 9.58% (upper mid).
3Y return: 9.82% (bottom quartile).
1Y return: 6.51% (lower mid).
1M return: -0.75% (bottom quartile).
Alpha: 0.00 (upper mid).
Sharpe: 0.24 (upper mid).

HDFC Hybrid Debt Fund

Upper mid AUM (₹3,373 Cr).
Established history (22+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 9.75% (top quartile).
3Y return: 9.81% (bottom quartile).
1Y return: 5.36% (bottom quartile).
1M return: -0.24% (bottom quartile).
Alpha: 0.00 (lower mid).
Sharpe: -0.14 (bottom quartile).

Top 5 Hybrid Equity Funds with 3 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
ICICI Prudential Equity and Debt Fund Growth	₹408.16 ↓ -0.50	₹49,223	2.8	3.4	12.6	19.1	21.8	17.2
BOI AXA Mid and Small Cap Equity and Debt Fund Growth	₹38.33 ↑ 0.11	₹1,321	2.3	-1.3	-1.2	18.3	19.5	25.8
JM Equity Hybrid Fund Growth	₹119.177 ↓ -0.19	₹811	0.4	-3.1	-3.8	17.9	16.8	27
UTI Hybrid Equity Fund Growth	₹417.336 ↑ 0.07	₹6,718	5	1.8	5.9	16.7	17	19.7
DSP Equity and Bond Fund Growth	₹362.696 ↓ -0.34	₹12,105	2.7	0.1	6.4	16.1	13.7	17.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 30 Dec 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	ICICI Prudential Equity and Debt Fund	BOI AXA Mid and Small Cap Equity and Debt Fund	JM Equity Hybrid Fund	UTI Hybrid Equity Fund	DSP Equity and Bond Fund
Point 1	Highest AUM (₹49,223 Cr).	Bottom quartile AUM (₹1,321 Cr).	Bottom quartile AUM (₹811 Cr).	Lower mid AUM (₹6,718 Cr).	Upper mid AUM (₹12,105 Cr).
Point 2	Established history (26+ yrs).	Established history (9+ yrs).	Established history (30+ yrs).	Oldest track record among peers (31 yrs).	Established history (26+ yrs).
Point 3	Top rated.	Not Rated.	Rating: 1★ (bottom quartile).	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: 21.77% (top quartile).	5Y return: 19.51% (upper mid).	5Y return: 16.81% (bottom quartile).	5Y return: 17.00% (lower mid).	5Y return: 13.65% (bottom quartile).
Point 6	3Y return: 19.13% (top quartile).	3Y return: 18.27% (upper mid).	3Y return: 17.87% (lower mid).	3Y return: 16.71% (bottom quartile).	3Y return: 16.13% (bottom quartile).
Point 7	1Y return: 12.59% (top quartile).	1Y return: -1.19% (bottom quartile).	1Y return: -3.82% (bottom quartile).	1Y return: 5.92% (lower mid).	1Y return: 6.41% (upper mid).
Point 8	1M return: -0.94% (bottom quartile).	1M return: 0.52% (top quartile).	1M return: -2.31% (bottom quartile).	1M return: -0.19% (upper mid).	1M return: -0.57% (lower mid).
Point 9	Alpha: 4.08 (top quartile).	Alpha: 0.00 (upper mid).	Alpha: -9.12 (bottom quartile).	Alpha: -1.95 (bottom quartile).	Alpha: -1.73 (lower mid).
Point 10	Sharpe: 0.65 (top quartile).	Sharpe: -0.30 (bottom quartile).	Sharpe: -0.55 (bottom quartile).	Sharpe: 0.00 (lower mid).	Sharpe: 0.00 (upper mid).

ICICI Prudential Equity and Debt Fund

Highest AUM (₹49,223 Cr).
Established history (26+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 21.77% (top quartile).
3Y return: 19.13% (top quartile).
1Y return: 12.59% (top quartile).
1M return: -0.94% (bottom quartile).
Alpha: 4.08 (top quartile).
Sharpe: 0.65 (top quartile).

BOI AXA Mid and Small Cap Equity and Debt Fund

Bottom quartile AUM (₹1,321 Cr).
Established history (9+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 19.51% (upper mid).
3Y return: 18.27% (upper mid).
1Y return: -1.19% (bottom quartile).
1M return: 0.52% (top quartile).
Alpha: 0.00 (upper mid).
Sharpe: -0.30 (bottom quartile).

JM Equity Hybrid Fund

Bottom quartile AUM (₹811 Cr).
Established history (30+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 16.81% (bottom quartile).
3Y return: 17.87% (lower mid).
1Y return: -3.82% (bottom quartile).
1M return: -2.31% (bottom quartile).
Alpha: -9.12 (bottom quartile).
Sharpe: -0.55 (bottom quartile).

UTI Hybrid Equity Fund

Lower mid AUM (₹6,718 Cr).
Oldest track record among peers (31 yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 17.00% (lower mid).
3Y return: 16.71% (bottom quartile).
1Y return: 5.92% (lower mid).
1M return: -0.19% (upper mid).
Alpha: -1.95 (bottom quartile).
Sharpe: 0.00 (lower mid).

DSP Equity and Bond Fund

Upper mid AUM (₹12,105 Cr).
Established history (26+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 13.65% (bottom quartile).
3Y return: 16.13% (bottom quartile).
1Y return: 6.41% (upper mid).
1M return: -0.57% (lower mid).
Alpha: -1.73 (lower mid).
Sharpe: 0.00 (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 (%)
SBI Gold Fund Growth	₹39.1715 ↓ -0.74	₹9,324	15.5	38.9	73.3	33.2	20.4	19.6
IDBI Gold Fund Growth	₹34.8323 ↓ -0.82	₹524	15.9	38.3	73.7	33.2	20.4	18.7
Aditya Birla Sun Life Gold Fund Growth	₹38.9683 ↓ -0.75	₹1,136	15.8	39.1	73.8	33	20.2	18.7
Nippon India Gold Savings Fund Growth	₹51.2399 ↓ -0.86	₹4,849	15.9	38.7	73.1	33	20.2	19
HDFC Gold Fund Growth	₹40.0681 ↓ -0.67	₹7,633	15.7	38.9	73	33	20.3	18.9
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 30 Dec 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	SBI Gold Fund	IDBI Gold Fund	Aditya Birla Sun Life Gold Fund	Nippon India Gold Savings Fund	HDFC Gold Fund
Point 1	Highest AUM (₹9,324 Cr).	Bottom quartile AUM (₹524 Cr).	Bottom quartile AUM (₹1,136 Cr).	Lower mid AUM (₹4,849 Cr).	Upper mid AUM (₹7,633 Cr).
Point 2	Oldest track record among peers (14 yrs).	Established history (13+ yrs).	Established history (13+ yrs).	Established history (14+ yrs).	Established history (14+ yrs).
Point 3	Rating: 2★ (upper mid).	Not Rated.	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: 20.40% (upper mid).	5Y return: 20.42% (top quartile).	5Y return: 20.21% (bottom quartile).	5Y return: 20.15% (bottom quartile).	5Y return: 20.28% (lower mid).
Point 6	3Y return: 33.21% (top quartile).	3Y return: 33.19% (upper mid).	3Y return: 33.02% (lower mid).	3Y return: 32.97% (bottom quartile).	3Y return: 32.95% (bottom quartile).
Point 7	1Y return: 73.29% (lower mid).	1Y return: 73.71% (upper mid).	1Y return: 73.82% (top quartile).	1Y return: 73.05% (bottom quartile).	1Y return: 73.03% (bottom quartile).
Point 8	1M return: 6.30% (bottom quartile).	1M return: 6.46% (lower mid).	1M return: 6.56% (top quartile).	1M return: 6.23% (bottom quartile).	1M return: 6.48% (upper 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: 3.54 (lower mid).	Sharpe: 3.44 (bottom quartile).	Sharpe: 3.57 (upper mid).	Sharpe: 3.61 (top quartile).	Sharpe: 3.54 (bottom quartile).

SBI Gold Fund

Highest AUM (₹9,324 Cr).
Oldest track record among peers (14 yrs).
Rating: 2★ (upper mid).
Risk profile: Moderately High.
5Y return: 20.40% (upper mid).
3Y return: 33.21% (top quartile).
1Y return: 73.29% (lower mid).
1M return: 6.30% (bottom quartile).
Alpha: 0.00 (top quartile).
Sharpe: 3.54 (lower mid).

IDBI Gold Fund

Bottom quartile AUM (₹524 Cr).
Established history (13+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 20.42% (top quartile).
3Y return: 33.19% (upper mid).
1Y return: 73.71% (upper mid).
1M return: 6.46% (lower mid).
Alpha: 0.00 (upper mid).
Sharpe: 3.44 (bottom quartile).

Aditya Birla Sun Life Gold Fund

Bottom quartile AUM (₹1,136 Cr).
Established history (13+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 20.21% (bottom quartile).
3Y return: 33.02% (lower mid).
1Y return: 73.82% (top quartile).
1M return: 6.56% (top quartile).
Alpha: 0.00 (lower mid).
Sharpe: 3.57 (upper mid).

Nippon India Gold Savings Fund

Lower mid AUM (₹4,849 Cr).
Established history (14+ yrs).
Rating: 2★ (lower mid).
Risk profile: Moderately High.
5Y return: 20.15% (bottom quartile).
3Y return: 32.97% (bottom quartile).
1Y return: 73.05% (bottom quartile).
1M return: 6.23% (bottom quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: 3.61 (top quartile).

HDFC Gold Fund

Upper mid AUM (₹7,633 Cr).
Established history (14+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 20.28% (lower mid).
3Y return: 32.95% (bottom quartile).
1Y return: 73.03% (bottom quartile).
1M return: 6.48% (upper mid).
Alpha: 0.00 (bottom quartile).
Sharpe: 3.54 (bottom quartile).

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