Best Mutual Funds with Highest Returns 2026

Updated on March 4, 2026 , 16164 views

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

What are Mutual Funds?

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

Best Mutual Funds to Invest with Highest Returns

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

Best Debt Mutual Funds with Highest Returns 2026

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

Fund Selection Methodology used to find 5 funds

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

Top 5 Liquid Funds with 1 Year Highest Returns

Fund	NAV	Net Assets (Cr)	1 MO (%)	3 MO (%)	6 MO (%)	1 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
IDBI Liquid Fund Growth	₹2,454.04 ↑ 0.35	₹503	0.5	1.7	3.4	6.6		6.66%	1M 7D	1M 10D
BOI AXA Liquid Fund Growth	₹3,129.21 ↑ 0.54	₹1,843	0.5	1.5	2.9	6.4	6.6	6.42%	1M 2D	1M 2D
Axis Liquid Fund Growth	₹3,023.66 ↑ 0.43	₹39,028	0.5	1.4	2.9	6.3	6.6	6.5%	27D	30D
Indiabulls Liquid Fund Growth	₹2,625.79 ↑ 0.39	₹169	0.5	1.4	2.9	6.3	6.6	6.62%	1M	1M
Edelweiss Liquid Fund Growth	₹3,472.56 ↑ 0.45	₹10,125	0.4	1.4	2.9	6.3	6.5	6.42%	1M 1D	1M 1D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 28 Jul 23

Research Highlights & Commentary of 5 Funds showcased

Commentary	IDBI Liquid Fund	BOI AXA Liquid Fund	Axis Liquid Fund	Indiabulls Liquid Fund	Edelweiss Liquid Fund
Point 1	Bottom quartile AUM (₹503 Cr).	Lower mid AUM (₹1,843 Cr).	Highest AUM (₹39,028 Cr).	Bottom quartile AUM (₹169 Cr).	Upper mid AUM (₹10,125 Cr).
Point 2	Established history (15+ yrs).	Established history (17+ 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: 6.55% (top quartile).	1Y return: 6.36% (upper mid).	1Y return: 6.33% (lower mid).	1Y return: 6.33% (bottom quartile).	1Y return: 6.32% (bottom quartile).
Point 6	1M return: 0.53% (top quartile).	1M return: 0.45% (lower mid).	1M return: 0.45% (bottom quartile).	1M return: 0.46% (upper mid).	1M return: 0.44% (bottom quartile).
Point 7	Sharpe: 0.20 (bottom quartile).	Sharpe: 3.73 (top quartile).	Sharpe: 3.16 (lower mid).	Sharpe: 2.72 (bottom quartile).	Sharpe: 3.25 (upper mid).
Point 8	Information ratio: -5.96 (bottom quartile).	Information ratio: 1.44 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: -0.70 (bottom quartile).	Information ratio: 0.00 (lower mid).
Point 9	Yield to maturity (debt): 6.66% (top quartile).	Yield to maturity (debt): 6.42% (bottom quartile).	Yield to maturity (debt): 6.50% (lower mid).	Yield to maturity (debt): 6.62% (upper mid).	Yield to maturity (debt): 6.42% (bottom quartile).
Point 10	Modified duration: 0.10 yrs (bottom quartile).	Modified duration: 0.09 yrs (bottom quartile).	Modified duration: 0.07 yrs (top quartile).	Modified duration: 0.08 yrs (upper mid).	Modified duration: 0.09 yrs (lower mid).

IDBI Liquid Fund

Bottom quartile AUM (₹503 Cr).
Established history (15+ yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.55% (top quartile).
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 (bottom quartile).

BOI AXA Liquid Fund

Lower mid AUM (₹1,843 Cr).
Established history (17+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.36% (upper mid).
1M return: 0.45% (lower mid).
Sharpe: 3.73 (top quartile).
Information ratio: 1.44 (top quartile).
Yield to maturity (debt): 6.42% (bottom quartile).
Modified duration: 0.09 yrs (bottom quartile).

Axis Liquid Fund

Highest AUM (₹39,028 Cr).
Established history (16+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.33% (lower mid).
1M return: 0.45% (bottom quartile).
Sharpe: 3.16 (lower mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.50% (lower mid).
Modified duration: 0.07 yrs (top quartile).

Indiabulls Liquid Fund

Bottom quartile AUM (₹169 Cr).
Established history (14+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.33% (bottom quartile).
1M return: 0.46% (upper mid).
Sharpe: 2.72 (bottom quartile).
Information ratio: -0.70 (bottom quartile).
Yield to maturity (debt): 6.62% (upper mid).
Modified duration: 0.08 yrs (upper mid).

Edelweiss Liquid Fund

Upper mid AUM (₹10,125 Cr).
Oldest track record among peers (18 yrs).
Rating: 2★ (bottom quartile).
Risk profile: Low.
1Y return: 6.32% (bottom quartile).
1M return: 0.44% (bottom quartile).
Sharpe: 3.25 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.42% (bottom quartile).
Modified duration: 0.09 yrs (lower mid).

Top 5 Ultra Short Term Funds with 1 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Franklin India Ultra Short Bond Fund - Super Institutional Plan Growth	₹34.9131 ↑ 0.04	₹297	1.3	5.9	13.7	8.8		0%		1Y 15D
Aditya Birla Sun Life Savings Fund Growth	₹571.703 ↑ 0.19	₹22,857	1.3	3	7.2	7.4	7.4	6.81%	5M 19D	6M 11D
ICICI Prudential Ultra Short Term Fund Growth	₹28.8406 ↑ 0.01	₹17,808	1.3	2.9	6.9	7.1	7.1	7.31%	5M 5D	6M 11D
SBI Magnum Ultra Short Duration Fund Growth	₹6,217.67 ↑ 1.70	₹14,032	1.3	2.9	6.7	7.1	7	6.99%	4M 20D	6M 7D
Kotak Savings Fund Growth	₹44.588 ↑ 0.02	₹16,788	1.3	2.8	6.7	6.9	6.8	7.12%	5M 16D	6M 11D
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	Kotak Savings Fund
Point 1	Bottom quartile AUM (₹297 Cr).	Highest AUM (₹22,857 Cr).	Upper mid AUM (₹17,808 Cr).	Bottom quartile AUM (₹14,032 Cr).	Lower mid AUM (₹16,788 Cr).
Point 2	Established history (18+ yrs).	Established history (22+ yrs).	Established history (14+ yrs).	Oldest track record among peers (26 yrs).	Established history (21+ 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: Moderately Low.
Point 5	1Y return: 13.69% (top quartile).	1Y return: 7.16% (upper mid).	1Y return: 6.86% (lower mid).	1Y return: 6.72% (bottom quartile).	1Y return: 6.67% (bottom quartile).
Point 6	1M return: 0.59% (top quartile).	1M return: 0.52% (upper mid).	1M return: 0.48% (bottom quartile).	1M return: 0.46% (bottom quartile).	1M return: 0.50% (lower mid).
Point 7	Sharpe: 2.57 (top quartile).	Sharpe: 2.17 (upper mid).	Sharpe: 2.06 (bottom quartile).	Sharpe: 2.11 (lower mid).	Sharpe: 1.52 (bottom quartile).
Point 8	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 0.00% (bottom quartile).	Yield to maturity (debt): 6.81% (bottom quartile).	Yield to maturity (debt): 7.31% (top quartile).	Yield to maturity (debt): 6.99% (lower mid).	Yield to maturity (debt): 7.12% (upper mid).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 0.47 yrs (bottom quartile).	Modified duration: 0.43 yrs (lower mid).	Modified duration: 0.39 yrs (upper mid).	Modified duration: 0.46 yrs (bottom quartile).

Franklin India Ultra Short Bond Fund - Super Institutional Plan

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

Aditya Birla Sun Life Savings Fund

Highest AUM (₹22,857 Cr).
Established history (22+ yrs).
Top rated.
Risk profile: Moderately Low.
1Y return: 7.16% (upper mid).
1M return: 0.52% (upper mid).
Sharpe: 2.17 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.81% (bottom quartile).
Modified duration: 0.47 yrs (bottom quartile).

ICICI Prudential Ultra Short Term Fund

Upper mid AUM (₹17,808 Cr).
Established history (14+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderate.
1Y return: 6.86% (lower mid).
1M return: 0.48% (bottom quartile).
Sharpe: 2.06 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.31% (top quartile).
Modified duration: 0.43 yrs (lower mid).

SBI Magnum Ultra Short Duration Fund

Bottom quartile AUM (₹14,032 Cr).
Oldest track record among peers (26 yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.72% (bottom quartile).
1M return: 0.46% (bottom quartile).
Sharpe: 2.11 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.99% (lower mid).
Modified duration: 0.39 yrs (upper mid).

Kotak Savings Fund

Lower mid AUM (₹16,788 Cr).
Established history (21+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 6.67% (bottom quartile).
1M return: 0.50% (lower mid).
Sharpe: 1.52 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.12% (upper mid).
Modified duration: 0.46 yrs (bottom quartile).

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Top 5 Short Term Funds with 3 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Franklin India Short Term Income Plan - Retail Plan Growth	₹15,041.3 ↑ 0.11	₹13	192.1	192.1	192.1	47.3		0%
HDFC Short Term Debt Fund Growth	₹33.2913 ↑ 0.01	₹17,289	0.9	2.8	7.5	7.7	7.8	7.39%	2Y 4M 2D	3Y 5M 1D
ICICI Prudential Short Term Fund Growth	₹62.6292 ↑ 0.01	₹22,707	1	2.8	7.5	7.7	8	7.51%	2Y 9M 4D	4Y 7M 20D
Nippon India Short Term Fund Growth	₹54.9095 ↓ -0.01	₹8,684	0.9	2.8	7.6	7.6	7.9	7.17%	2Y 8M 1D	3Y 2M 26D
Axis Short Term Fund Growth	₹32.1566 ↓ 0.00	₹11,709	0.9	2.7	7.6	7.6	8.1	7.39%	2Y 3M 4D	2Y 9M 11D
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	Nippon India Short Term Fund	Axis Short Term Fund
Point 1	Bottom quartile AUM (₹13 Cr).	Upper mid AUM (₹17,289 Cr).	Highest AUM (₹22,707 Cr).	Bottom quartile AUM (₹8,684 Cr).	Lower mid AUM (₹11,709 Cr).
Point 2	Oldest track record among peers (24 yrs).	Established history (15+ yrs).	Established history (24+ yrs).	Established history (23+ yrs).	Established history (16+ yrs).
Point 3	Rating: 2★ (bottom quartile).	Rating: 3★ (lower mid).	Top rated.	Rating: 4★ (upper mid).	Rating: 3★ (bottom quartile).
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: 7.46% (bottom quartile).	1Y return: 7.54% (bottom quartile).	1Y return: 7.57% (lower mid).	1Y return: 7.63% (upper mid).
Point 6	1M return: 192.10% (top quartile).	1M return: 0.61% (lower mid).	1M return: 0.59% (bottom quartile).	1M return: 0.73% (upper mid).	1M return: 0.59% (bottom quartile).
Point 7	Sharpe: -90.89 (bottom quartile).	Sharpe: 0.79 (lower mid).	Sharpe: 1.17 (top quartile).	Sharpe: 0.76 (bottom quartile).	Sharpe: 0.94 (upper mid).
Point 8	Information ratio: -2.42 (bottom quartile).	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 0.00% (bottom quartile).	Yield to maturity (debt): 7.39% (upper mid).	Yield to maturity (debt): 7.51% (top quartile).	Yield to maturity (debt): 7.17% (bottom quartile).	Yield to maturity (debt): 7.39% (lower mid).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 2.34 yrs (lower mid).	Modified duration: 2.76 yrs (bottom quartile).	Modified duration: 2.67 yrs (bottom quartile).	Modified duration: 2.26 yrs (upper mid).

Franklin India Short Term Income Plan - Retail Plan

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

HDFC Short Term Debt Fund

Upper mid AUM (₹17,289 Cr).
Established history (15+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately Low.
1Y return: 7.46% (bottom quartile).
1M return: 0.61% (lower mid).
Sharpe: 0.79 (lower mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.39% (upper mid).
Modified duration: 2.34 yrs (lower mid).

ICICI Prudential Short Term Fund

Highest AUM (₹22,707 Cr).
Established history (24+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 7.54% (bottom quartile).
1M return: 0.59% (bottom quartile).
Sharpe: 1.17 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.51% (top quartile).
Modified duration: 2.76 yrs (bottom quartile).

Nippon India Short Term Fund

Bottom quartile AUM (₹8,684 Cr).
Established history (23+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately Low.
1Y return: 7.57% (lower mid).
1M return: 0.73% (upper mid).
Sharpe: 0.76 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.17% (bottom quartile).
Modified duration: 2.67 yrs (bottom quartile).

Axis Short Term Fund

Lower mid AUM (₹11,709 Cr).
Established history (16+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 7.63% (upper mid).
1M return: 0.59% (bottom quartile).
Sharpe: 0.94 (upper mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.39% (lower mid).
Modified duration: 2.26 yrs (upper mid).

Top 5 Gilt Funds with 3 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
ICICI Prudential Gilt Fund Growth	₹105.334 ↓ -0.11	₹9,240	1	1.9	6.1	7.5	6.8	7.38%	8Y 3M 7D	20Y 3M 11D
Axis Gilt Fund Growth	₹25.9932 ↓ -0.04	₹637	0.9	1.9	5.1	7.4	5.2	6.75%	6Y 11M 16D	15Y 1M 17D
SBI Magnum Gilt Fund Growth	₹67.0453 ↑ 0.09	₹10,552	0.7	1.6	4.7	7.2	4.5	6.45%	5Y 5M 16D	10Y 11M 5D
Bandhan Government Securities Fund - Investment Plan Growth	₹35.7221 ↑ 0.02	₹1,999	0.7	2.2	4.3	7.1	3.7	5.76%	1Y 6M	1Y 9M 25D
DSP Government Securities Fund Growth	₹96.5655 ↓ -0.22	₹1,271	0.8	0.8	4.2	7	4.5	7.31%	10Y 6M 18D	27Y 1M 20D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 6 Mar 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	ICICI Prudential Gilt Fund	Axis Gilt Fund	SBI Magnum Gilt Fund	Bandhan Government Securities Fund - Investment Plan	DSP Government Securities Fund
Point 1	Upper mid AUM (₹9,240 Cr).	Bottom quartile AUM (₹637 Cr).	Highest AUM (₹10,552 Cr).	Lower mid AUM (₹1,999 Cr).	Bottom quartile AUM (₹1,271 Cr).
Point 2	Oldest track record among peers (26 yrs).	Established history (14+ yrs).	Established history (25+ yrs).	Established history (17+ yrs).	Established history (26+ yrs).
Point 3	Top rated.	Rating: 1★ (bottom quartile).	Rating: 4★ (upper mid).	Rating: 3★ (lower 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: 6.08% (top quartile).	1Y return: 5.13% (upper mid).	1Y return: 4.75% (lower mid).	1Y return: 4.27% (bottom quartile).	1Y return: 4.17% (bottom quartile).
Point 6	1M return: 0.82% (bottom quartile).	1M return: 0.98% (lower mid).	1M return: 0.99% (upper mid).	1M return: 0.63% (bottom quartile).	1M return: 1.09% (top quartile).
Point 7	Sharpe: 0.16 (top quartile).	Sharpe: -0.28 (upper mid).	Sharpe: -0.38 (bottom quartile).	Sharpe: -0.40 (bottom quartile).	Sharpe: -0.37 (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): 7.38% (top quartile).	Yield to maturity (debt): 6.75% (lower mid).	Yield to maturity (debt): 6.45% (bottom quartile).	Yield to maturity (debt): 5.76% (bottom quartile).	Yield to maturity (debt): 7.31% (upper mid).
Point 10	Modified duration: 8.27 yrs (bottom quartile).	Modified duration: 6.96 yrs (lower mid).	Modified duration: 5.46 yrs (upper mid).	Modified duration: 1.50 yrs (top quartile).	Modified duration: 10.55 yrs (bottom quartile).

ICICI Prudential Gilt Fund

Upper mid AUM (₹9,240 Cr).
Oldest track record among peers (26 yrs).
Top rated.
Risk profile: Moderate.
1Y return: 6.08% (top quartile).
1M return: 0.82% (bottom quartile).
Sharpe: 0.16 (top quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.38% (top quartile).
Modified duration: 8.27 yrs (bottom quartile).

Axis Gilt Fund

Bottom quartile AUM (₹637 Cr).
Established history (14+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderate.
1Y return: 5.13% (upper mid).
1M return: 0.98% (lower mid).
Sharpe: -0.28 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.75% (lower mid).
Modified duration: 6.96 yrs (lower mid).

SBI Magnum Gilt Fund

Highest AUM (₹10,552 Cr).
Established history (25+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
1Y return: 4.75% (lower mid).
1M return: 0.99% (upper mid).
Sharpe: -0.38 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.45% (bottom quartile).
Modified duration: 5.46 yrs (upper mid).

Bandhan Government Securities Fund - Investment Plan

Lower mid AUM (₹1,999 Cr).
Established history (17+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderate.
1Y return: 4.27% (bottom quartile).
1M return: 0.63% (bottom quartile).
Sharpe: -0.40 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 5.76% (bottom quartile).
Modified duration: 1.50 yrs (top quartile).

DSP Government Securities Fund

Bottom quartile AUM (₹1,271 Cr).
Established history (26+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderate.
1Y return: 4.17% (bottom quartile).
1M return: 1.09% (top quartile).
Sharpe: -0.37 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.31% (upper mid).
Modified duration: 10.55 yrs (bottom quartile).

Top 5 Dynamic Funds with 3 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Franklin India Dynamic Accrual Fund Growth	₹94.788 ↑ 0.84	₹99	2.4	22.4	31.9	11.7		0%		3M 18D
IIFL Dynamic Bond Fund Growth	₹23.5385 ↑ 0.03	₹625	0.6	3.3	8.1	8.5	8.5	7.38%	4Y 8M 19D	6Y 4M 20D
Nippon India Dynamic Bond Fund Growth	₹38.7166 ↓ -0.01	₹4,078	1.3	3.4	7.5	7.9	7.1	6.96%	3Y 9M	4Y 6M 11D
ICICI Prudential Long Term Plan Growth	₹38.123 ↓ -0.02	₹14,826	1.1	2.4	6.6	7.5	7.2	7.82%	5Y 8M 26D	13Y 6M 14D
Axis Dynamic Bond Fund Growth	₹30.5375 ↓ -0.01	₹1,143	1	2.7	7.2	7.5	7.1	6.73%	4Y 25D	6Y 6M 18D
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	Axis Dynamic Bond Fund
Point 1	Bottom quartile AUM (₹99 Cr).	Bottom quartile AUM (₹625 Cr).	Upper mid AUM (₹4,078 Cr).	Highest AUM (₹14,826 Cr).	Lower mid AUM (₹1,143 Cr).
Point 2	Oldest track record among peers (29 yrs).	Established history (12+ yrs).	Established history (21+ yrs).	Established history (16+ yrs).	Established history (14+ 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: 8.11% (upper mid).	1Y return: 7.48% (lower mid).	1Y return: 6.60% (bottom quartile).	1Y return: 7.18% (bottom quartile).
Point 6	1M return: 1.43% (upper mid).	1M return: 0.66% (bottom quartile).	1M return: 1.47% (top quartile).	1M return: 0.72% (bottom quartile).	1M return: 0.83% (lower mid).
Point 7	Sharpe: 1.19 (top quartile).	Sharpe: 0.69 (upper mid).	Sharpe: 0.16 (bottom quartile).	Sharpe: 0.37 (lower mid).	Sharpe: 0.15 (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): 7.38% (upper mid).	Yield to maturity (debt): 6.96% (lower mid).	Yield to maturity (debt): 7.82% (top quartile).	Yield to maturity (debt): 6.73% (bottom quartile).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 4.72 yrs (bottom quartile).	Modified duration: 3.75 yrs (upper mid).	Modified duration: 5.74 yrs (bottom quartile).	Modified duration: 4.07 yrs (lower mid).

Franklin India Dynamic Accrual Fund

Bottom quartile AUM (₹99 Cr).
Oldest track record among peers (29 yrs).
Rating: 1★ (lower mid).
Risk profile: Moderate.
1Y return: 31.90% (top quartile).
1M return: 1.43% (upper mid).
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 (₹625 Cr).
Established history (12+ yrs).
Not Rated.
Risk profile: Moderate.
1Y return: 8.11% (upper mid).
1M return: 0.66% (bottom quartile).
Sharpe: 0.69 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.38% (upper mid).
Modified duration: 4.72 yrs (bottom quartile).

Nippon India Dynamic Bond Fund

Upper mid AUM (₹4,078 Cr).
Established history (21+ yrs).
Not Rated.
Risk profile: Moderate.
1Y return: 7.48% (lower mid).
1M return: 1.47% (top quartile).
Sharpe: 0.16 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.96% (lower mid).
Modified duration: 3.75 yrs (upper mid).

ICICI Prudential Long Term Plan

Highest AUM (₹14,826 Cr).
Established history (16+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 6.60% (bottom quartile).
1M return: 0.72% (bottom quartile).
Sharpe: 0.37 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.82% (top quartile).
Modified duration: 5.74 yrs (bottom quartile).

Axis Dynamic Bond Fund

Lower mid AUM (₹1,143 Cr).
Established history (14+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderate.
1Y return: 7.18% (bottom quartile).
1M return: 0.83% (lower mid).
Sharpe: 0.15 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.73% (bottom quartile).
Modified duration: 4.07 yrs (lower mid).

Best Equity Mutual Funds with Highest Returns 2026

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

Top 5 Large Cap Funds with 5 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
Nippon India Large Cap Fund Growth	₹89.2487 ↓ -0.95	₹50,107	-5.3	-1.8	11.3	17.6	16.4	9.2
ICICI Prudential Bluechip Fund Growth	₹108.85 ↓ -1.20	₹76,646	-6.3	-1	10.8	16.7	14.6	11.3
HDFC Top 100 Fund Growth	₹1,123.18 ↓ -15.22	₹39,621	-4.7	-0.5	8.4	14.4	13.6	7.9
JM Core 11 Fund Growth	₹18.656 ↓ -0.14	₹284	-7.9	-5.2	4	15.4	13	-1.9
Invesco India Largecap Fund Growth	₹66.63 ↓ -0.88	₹1,666	-7	-3.7	10	15.7	12.9	5.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 6 Mar 26

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	Invesco India Largecap Fund
Point 1	Upper mid AUM (₹50,107 Cr).	Highest AUM (₹76,646 Cr).	Lower mid AUM (₹39,621 Cr).	Bottom quartile AUM (₹284 Cr).	Bottom quartile AUM (₹1,666 Cr).
Point 2	Established history (18+ yrs).	Established history (17+ yrs).	Oldest track record among peers (29 yrs).	Established history (18+ yrs).	Established history (16+ yrs).
Point 3	Top rated.	Rating: 4★ (upper mid).	Rating: 3★ (bottom quartile).	Rating: 4★ (lower mid).	Rating: 3★ (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: 16.42% (top quartile).	5Y return: 14.65% (upper mid).	5Y return: 13.61% (lower mid).	5Y return: 12.95% (bottom quartile).	5Y return: 12.93% (bottom quartile).
Point 6	3Y return: 17.62% (top quartile).	3Y return: 16.73% (upper mid).	3Y return: 14.37% (bottom quartile).	3Y return: 15.40% (bottom quartile).	3Y return: 15.73% (lower mid).
Point 7	1Y return: 11.30% (top quartile).	1Y return: 10.77% (upper mid).	1Y return: 8.37% (bottom quartile).	1Y return: 4.02% (bottom quartile).	1Y return: 10.04% (lower mid).
Point 8	Alpha: 0.30 (upper mid).	Alpha: 0.35 (top quartile).	Alpha: -1.99 (bottom quartile).	Alpha: -7.12 (bottom quartile).	Alpha: -1.06 (lower mid).
Point 9	Sharpe: 0.30 (top quartile).	Sharpe: 0.30 (upper mid).	Sharpe: 0.09 (bottom quartile).	Sharpe: -0.27 (bottom quartile).	Sharpe: 0.20 (lower mid).
Point 10	Information ratio: 1.22 (top quartile).	Information ratio: 1.01 (upper mid).	Information ratio: 0.24 (bottom quartile).	Information ratio: 0.09 (bottom quartile).	Information ratio: 0.72 (lower mid).

Nippon India Large Cap Fund

Upper mid AUM (₹50,107 Cr).
Established history (18+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 16.42% (top quartile).
3Y return: 17.62% (top quartile).
1Y return: 11.30% (top quartile).
Alpha: 0.30 (upper mid).
Sharpe: 0.30 (top quartile).
Information ratio: 1.22 (top quartile).

ICICI Prudential Bluechip Fund

Highest AUM (₹76,646 Cr).
Established history (17+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 14.65% (upper mid).
3Y return: 16.73% (upper mid).
1Y return: 10.77% (upper mid).
Alpha: 0.35 (top quartile).
Sharpe: 0.30 (upper mid).
Information ratio: 1.01 (upper mid).

HDFC Top 100 Fund

Lower mid AUM (₹39,621 Cr).
Oldest track record among peers (29 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 13.61% (lower mid).
3Y return: 14.37% (bottom quartile).
1Y return: 8.37% (bottom quartile).
Alpha: -1.99 (bottom quartile).
Sharpe: 0.09 (bottom quartile).
Information ratio: 0.24 (bottom quartile).

JM Core 11 Fund

Bottom quartile AUM (₹284 Cr).
Established history (18+ yrs).
Rating: 4★ (lower mid).
Risk profile: High.
5Y return: 12.95% (bottom quartile).
3Y return: 15.40% (bottom quartile).
1Y return: 4.02% (bottom quartile).
Alpha: -7.12 (bottom quartile).
Sharpe: -0.27 (bottom quartile).
Information ratio: 0.09 (bottom quartile).

Invesco India Largecap Fund

Bottom quartile AUM (₹1,666 Cr).
Established history (16+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 12.93% (bottom quartile).
3Y return: 15.73% (lower mid).
1Y return: 10.04% (lower mid).
Alpha: -1.06 (lower mid).
Sharpe: 0.20 (lower mid).
Information ratio: 0.72 (lower mid).

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

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
Nippon India Small Cap Fund Growth	₹157.625 ↓ -0.54	₹65,812	-4.8	-6.1	8.3	19.2	21.6	-4.7
HDFC Mid-Cap Opportunities Fund Growth	₹194.667 ↓ -1.64	₹92,187	-4.4	1.4	16.1	24	21.2	6.8
Motilal Oswal Midcap 30 Fund Growth	₹86.5888 ↓ -0.77	₹34,432	-15.6	-16.8	-4.2	19.4	20.9	-12.1
Edelweiss Mid Cap Fund Growth	₹100.672 ↓ -0.49	₹13,802	-3.2	0.5	17.7	24.7	20.3	3.8
Invesco India Mid Cap Fund Growth	₹172.23 ↓ -1.82	₹10,058	-6.9	-4.5	18	25.3	19.8	6.3
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 6 Mar 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	Nippon India Small Cap Fund	HDFC Mid-Cap Opportunities Fund	Motilal Oswal Midcap 30 Fund	Edelweiss Mid Cap Fund	Invesco India Mid Cap Fund
Point 1	Upper mid AUM (₹65,812 Cr).	Highest AUM (₹92,187 Cr).	Lower mid AUM (₹34,432 Cr).	Bottom quartile AUM (₹13,802 Cr).	Bottom quartile AUM (₹10,058 Cr).
Point 2	Established history (15+ yrs).	Oldest track record among peers (18 yrs).	Established history (12+ yrs).	Established history (18+ yrs).	Established history (18+ yrs).
Point 3	Top rated.	Rating: 3★ (upper mid).	Rating: 3★ (lower mid).	Rating: 3★ (bottom quartile).	Rating: 2★ (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: 21.58% (top quartile).	5Y return: 21.19% (upper mid).	5Y return: 20.93% (lower mid).	5Y return: 20.34% (bottom quartile).	5Y return: 19.76% (bottom quartile).
Point 6	3Y return: 19.22% (bottom quartile).	3Y return: 24.00% (lower mid).	3Y return: 19.40% (bottom quartile).	3Y return: 24.70% (upper mid).	3Y return: 25.30% (top quartile).
Point 7	1Y return: 8.31% (bottom quartile).	1Y return: 16.14% (lower mid).	1Y return: -4.21% (bottom quartile).	1Y return: 17.71% (upper mid).	1Y return: 18.00% (top quartile).
Point 8	Alpha: -0.64 (bottom quartile).	Alpha: 3.73 (top quartile).	Alpha: -12.33 (bottom quartile).	Alpha: 1.70 (upper mid).	Alpha: 0.00 (lower mid).
Point 9	Sharpe: -0.19 (bottom quartile).	Sharpe: 0.49 (top quartile).	Sharpe: -0.54 (bottom quartile).	Sharpe: 0.33 (lower mid).	Sharpe: 0.35 (upper mid).
Point 10	Information ratio: 0.02 (lower mid).	Information ratio: 0.47 (upper mid).	Information ratio: -0.10 (bottom quartile).	Information ratio: 0.49 (top quartile).	Information ratio: 0.00 (bottom quartile).

Nippon India Small Cap Fund

Upper mid AUM (₹65,812 Cr).
Established history (15+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 21.58% (top quartile).
3Y return: 19.22% (bottom quartile).
1Y return: 8.31% (bottom quartile).
Alpha: -0.64 (bottom quartile).
Sharpe: -0.19 (bottom quartile).
Information ratio: 0.02 (lower mid).

HDFC Mid-Cap Opportunities Fund

Highest AUM (₹92,187 Cr).
Oldest track record among peers (18 yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 21.19% (upper mid).
3Y return: 24.00% (lower mid).
1Y return: 16.14% (lower mid).
Alpha: 3.73 (top quartile).
Sharpe: 0.49 (top quartile).
Information ratio: 0.47 (upper mid).

Motilal Oswal Midcap 30 Fund

Lower mid AUM (₹34,432 Cr).
Established history (12+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 20.93% (lower mid).
3Y return: 19.40% (bottom quartile).
1Y return: -4.21% (bottom quartile).
Alpha: -12.33 (bottom quartile).
Sharpe: -0.54 (bottom quartile).
Information ratio: -0.10 (bottom quartile).

Edelweiss Mid Cap Fund

Bottom quartile AUM (₹13,802 Cr).
Established history (18+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: High.
5Y return: 20.34% (bottom quartile).
3Y return: 24.70% (upper mid).
1Y return: 17.71% (upper mid).
Alpha: 1.70 (upper mid).
Sharpe: 0.33 (lower mid).
Information ratio: 0.49 (top quartile).

Invesco India Mid Cap Fund

Bottom quartile AUM (₹10,058 Cr).
Established history (18+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 19.76% (bottom quartile).
3Y return: 25.30% (top quartile).
1Y return: 18.00% (top quartile).
Alpha: 0.00 (lower mid).
Sharpe: 0.35 (upper 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	₹288.449 ↓ -2.03	₹48,809	-4.3	-3.8	11.5	20.4	19.7	4.1
HDFC Equity Fund Growth	₹1,987.19 ↓ -26.14	₹97,452	-4.6	-0.4	12.5	20.3	19.3	11.4
Parag Parikh Long Term Equity Fund Growth	₹83.7029 ↑ 0.50	₹133,970	-4.1	-1.3	8.7	19.5	17.5	7.8
Mahindra Badhat Yojana Growth	₹34.8417 ↓ -0.29	₹6,046	-3.1	0.3	14.8	19.6	17.5	3.4
JM Multicap Fund Growth	₹91.4476 ↓ -0.75	₹5,152	-6.2	-5.8	3	18.3	16.4	-6.8
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 6 Mar 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	Nippon India Multi Cap Fund	HDFC Equity Fund	Parag Parikh Long Term Equity Fund	Mahindra Badhat Yojana	JM Multicap Fund
Point 1	Lower mid AUM (₹48,809 Cr).	Upper mid AUM (₹97,452 Cr).	Highest AUM (₹133,970 Cr).	Bottom quartile AUM (₹6,046 Cr).	Bottom quartile AUM (₹5,152 Cr).
Point 2	Established history (20+ yrs).	Oldest track record among peers (31 yrs).	Established history (12+ yrs).	Established history (8+ yrs).	Established history (17+ yrs).
Point 3	Rating: 2★ (bottom quartile).	Rating: 3★ (upper mid).	Rating: 3★ (lower mid).	Not Rated.	Top rated.
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 19.71% (top quartile).	5Y return: 19.27% (upper mid).	5Y return: 17.55% (lower mid).	5Y return: 17.51% (bottom quartile).	5Y return: 16.36% (bottom quartile).
Point 6	3Y return: 20.36% (top quartile).	3Y return: 20.35% (upper mid).	3Y return: 19.51% (bottom quartile).	3Y return: 19.57% (lower mid).	3Y return: 18.35% (bottom quartile).
Point 7	1Y return: 11.48% (lower mid).	1Y return: 12.47% (upper mid).	1Y return: 8.67% (bottom quartile).	1Y return: 14.82% (top quartile).	1Y return: 2.95% (bottom quartile).
Point 8	Alpha: -0.46 (lower mid).	Alpha: 4.79 (top quartile).	Alpha: -0.94 (bottom quartile).	Alpha: 2.62 (upper mid).	Alpha: -10.70 (bottom quartile).
Point 9	Sharpe: 0.09 (lower mid).	Sharpe: 0.67 (top quartile).	Sharpe: 0.08 (bottom quartile).	Sharpe: 0.29 (upper mid).	Sharpe: -0.56 (bottom quartile).
Point 10	Information ratio: 0.49 (bottom quartile).	Information ratio: 1.25 (top quartile).	Information ratio: 0.64 (upper mid).	Information ratio: 0.45 (bottom quartile).	Information ratio: 0.52 (lower mid).

Nippon India Multi Cap Fund

Lower mid AUM (₹48,809 Cr).
Established history (20+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 19.71% (top quartile).
3Y return: 20.36% (top quartile).
1Y return: 11.48% (lower mid).
Alpha: -0.46 (lower mid).
Sharpe: 0.09 (lower mid).
Information ratio: 0.49 (bottom quartile).

HDFC Equity Fund

Upper mid AUM (₹97,452 Cr).
Oldest track record among peers (31 yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 19.27% (upper mid).
3Y return: 20.35% (upper mid).
1Y return: 12.47% (upper mid).
Alpha: 4.79 (top quartile).
Sharpe: 0.67 (top quartile).
Information ratio: 1.25 (top quartile).

Parag Parikh Long Term Equity Fund

Highest AUM (₹133,970 Cr).
Established history (12+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 17.55% (lower mid).
3Y return: 19.51% (bottom quartile).
1Y return: 8.67% (bottom quartile).
Alpha: -0.94 (bottom quartile).
Sharpe: 0.08 (bottom quartile).
Information ratio: 0.64 (upper mid).

Mahindra Badhat Yojana

Bottom quartile AUM (₹6,046 Cr).
Established history (8+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 17.51% (bottom quartile).
3Y return: 19.57% (lower mid).
1Y return: 14.82% (top quartile).
Alpha: 2.62 (upper mid).
Sharpe: 0.29 (upper mid).
Information ratio: 0.45 (bottom quartile).

JM Multicap Fund

Bottom quartile AUM (₹5,152 Cr).
Established history (17+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 16.36% (bottom quartile).
3Y return: 18.35% (bottom quartile).
1Y return: 2.95% (bottom quartile).
Alpha: -10.70 (bottom quartile).
Sharpe: -0.56 (bottom quartile).
Information ratio: 0.52 (lower mid).

Top 5 Sector Funds with 5 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
SBI PSU Fund Growth	₹36.0126 ↓ -0.17	₹5,980	8.2	16.7	28.2	32.2	26.7	11.3
Invesco India PSU Equity Fund Growth	₹67.37 ↑ 0.19	₹1,492	4.1	10.5	26.8	30.2	24.7	10.3
ICICI Prudential Infrastructure Fund Growth	₹188.58 ↓ -1.04	₹8,077	-3.7	-1.7	10.4	22.8	24.6	6.7
DSP India T.I.G.E.R Fund Growth	₹320.958 ↓ -0.49	₹5,184	3	3	18.6	25.4	23.4	-2.5
Canara Robeco Infrastructure Growth	₹162.55 ↓ -0.09	₹879	3.1	2	18.1	25.3	22.8	0.1
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 6 Mar 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	SBI PSU Fund	Invesco India PSU Equity Fund	ICICI Prudential Infrastructure Fund	DSP India T.I.G.E.R Fund	Canara Robeco Infrastructure
Point 1	Upper mid AUM (₹5,980 Cr).	Bottom quartile AUM (₹1,492 Cr).	Highest AUM (₹8,077 Cr).	Lower mid AUM (₹5,184 Cr).	Bottom quartile AUM (₹879 Cr).
Point 2	Established history (15+ yrs).	Established history (16+ yrs).	Established history (20+ yrs).	Oldest track record among peers (21 yrs).	Established history (20+ yrs).
Point 3	Rating: 2★ (bottom quartile).	Rating: 3★ (upper mid).	Rating: 3★ (lower mid).	Top rated.	Not Rated.
Point 4	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.
Point 5	5Y return: 26.72% (top quartile).	5Y return: 24.66% (upper mid).	5Y return: 24.56% (lower mid).	5Y return: 23.39% (bottom quartile).	5Y return: 22.80% (bottom quartile).
Point 6	3Y return: 32.21% (top quartile).	3Y return: 30.16% (upper mid).	3Y return: 22.82% (bottom quartile).	3Y return: 25.38% (lower mid).	3Y return: 25.27% (bottom quartile).
Point 7	1Y return: 28.24% (top quartile).	1Y return: 26.83% (upper mid).	1Y return: 10.40% (bottom quartile).	1Y return: 18.57% (lower mid).	1Y return: 18.13% (bottom quartile).
Point 8	Alpha: 0.05 (top quartile).	Alpha: -2.70 (bottom quartile).	Alpha: 0.00 (upper mid).	Alpha: 0.00 (lower mid).	Alpha: 0.00 (bottom quartile).
Point 9	Sharpe: 0.63 (top quartile).	Sharpe: 0.53 (upper mid).	Sharpe: 0.15 (lower mid).	Sharpe: 0.08 (bottom quartile).	Sharpe: 0.13 (bottom quartile).
Point 10	Information ratio: -0.63 (bottom quartile).	Information ratio: -0.50 (bottom quartile).	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).

SBI PSU Fund

Upper mid AUM (₹5,980 Cr).
Established history (15+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: High.
5Y return: 26.72% (top quartile).
3Y return: 32.21% (top quartile).
1Y return: 28.24% (top quartile).
Alpha: 0.05 (top quartile).
Sharpe: 0.63 (top quartile).
Information ratio: -0.63 (bottom quartile).

Invesco India PSU Equity Fund

Bottom quartile AUM (₹1,492 Cr).
Established history (16+ yrs).
Rating: 3★ (upper mid).
Risk profile: High.
5Y return: 24.66% (upper mid).
3Y return: 30.16% (upper mid).
1Y return: 26.83% (upper mid).
Alpha: -2.70 (bottom quartile).
Sharpe: 0.53 (upper mid).
Information ratio: -0.50 (bottom quartile).

ICICI Prudential Infrastructure Fund

Highest AUM (₹8,077 Cr).
Established history (20+ yrs).
Rating: 3★ (lower mid).
Risk profile: High.
5Y return: 24.56% (lower mid).
3Y return: 22.82% (bottom quartile).
1Y return: 10.40% (bottom quartile).
Alpha: 0.00 (upper mid).
Sharpe: 0.15 (lower mid).
Information ratio: 0.00 (top quartile).

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

Lower mid AUM (₹5,184 Cr).
Oldest track record among peers (21 yrs).
Top rated.
Risk profile: High.
5Y return: 23.39% (bottom quartile).
3Y return: 25.38% (lower mid).
1Y return: 18.57% (lower mid).
Alpha: 0.00 (lower mid).
Sharpe: 0.08 (bottom quartile).
Information ratio: 0.00 (upper mid).

Canara Robeco Infrastructure

Bottom quartile AUM (₹879 Cr).
Established history (20+ yrs).
Not Rated.
Risk profile: High.
5Y return: 22.80% (bottom quartile).
3Y return: 25.27% (bottom quartile).
1Y return: 18.13% (bottom quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: 0.13 (bottom quartile).
Information ratio: 0.00 (lower mid).

Best Hybrid Mutual Funds with Highest Returns 2026

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

Top 5 Hybrid Debt Funds with 3 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
ICICI Prudential MIP 25 Growth	₹77.0869 ↓ -0.16	₹3,334	-1	0.9	7.5	9.9	8.5	7.9
SBI Debt Hybrid Fund Growth	₹74.0203 ↓ -0.14	₹9,761	-0.5	1.6	7.9	9.7	9.1	6.7
HDFC Hybrid Debt Fund Growth	₹83.2846 ↓ -0.24	₹3,332	-0.4	2	6.3	9.7	9.1	5.5
Kotak Debt Hybrid Fund Growth	₹58.9254 ↓ -0.20	₹3,044	-0.8	1.3	5.9	9.6	8.9	5.3
DSP Regular Savings Fund Growth	₹59.5988 ↓ -0.16	₹183	-0.6	1.4	6.7	9.6	7.8	7.2
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 6 Mar 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	ICICI Prudential MIP 25	SBI Debt Hybrid Fund	HDFC Hybrid Debt Fund	Kotak Debt Hybrid Fund	DSP Regular Savings Fund
Point 1	Upper mid AUM (₹3,334 Cr).	Highest AUM (₹9,761 Cr).	Lower mid AUM (₹3,332 Cr).	Bottom quartile AUM (₹3,044 Cr).	Bottom quartile AUM (₹183 Cr).
Point 2	Established history (21+ yrs).	Oldest track record among peers (24 yrs).	Established history (22+ yrs).	Established history (22+ yrs).	Established history (21+ yrs).
Point 3	Top rated.	Rating: 5★ (upper mid).	Rating: 4★ (lower mid).	Rating: 4★ (bottom quartile).	Rating: 3★ (bottom quartile).
Point 4	Risk profile: Moderately High.	Risk profile: Moderate.	Risk profile: Moderately High.	Risk profile: Moderate.	Risk profile: Moderately High.
Point 5	5Y return: 8.53% (bottom quartile).	5Y return: 9.07% (upper mid).	5Y return: 9.13% (top quartile).	5Y return: 8.86% (lower mid).	5Y return: 7.79% (bottom quartile).
Point 6	3Y return: 9.86% (top quartile).	3Y return: 9.73% (upper mid).	3Y return: 9.65% (lower mid).	3Y return: 9.63% (bottom quartile).	3Y return: 9.61% (bottom quartile).
Point 7	1Y return: 7.47% (upper mid).	1Y return: 7.86% (top quartile).	1Y return: 6.31% (bottom quartile).	1Y return: 5.90% (bottom quartile).	1Y return: 6.68% (lower mid).
Point 8	1M return: -0.93% (bottom quartile).	1M return: -0.27% (upper mid).	1M return: -0.02% (top quartile).	1M return: -0.45% (bottom quartile).	1M return: -0.32% (lower mid).
Point 9	Alpha: 0.00 (upper mid).	Alpha: 0.00 (lower mid).	Alpha: 0.00 (bottom quartile).	Alpha: -1.88 (bottom quartile).	Alpha: 0.55 (top quartile).
Point 10	Sharpe: 0.50 (top quartile).	Sharpe: 0.16 (lower mid).	Sharpe: -0.15 (bottom quartile).	Sharpe: -0.21 (bottom quartile).	Sharpe: 0.29 (upper mid).

ICICI Prudential MIP 25

Upper mid AUM (₹3,334 Cr).
Established history (21+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 8.53% (bottom quartile).
3Y return: 9.86% (top quartile).
1Y return: 7.47% (upper mid).
1M return: -0.93% (bottom quartile).
Alpha: 0.00 (upper mid).
Sharpe: 0.50 (top quartile).

SBI Debt Hybrid Fund

Highest AUM (₹9,761 Cr).
Oldest track record among peers (24 yrs).
Rating: 5★ (upper mid).
Risk profile: Moderate.
5Y return: 9.07% (upper mid).
3Y return: 9.73% (upper mid).
1Y return: 7.86% (top quartile).
1M return: -0.27% (upper mid).
Alpha: 0.00 (lower mid).
Sharpe: 0.16 (lower mid).

HDFC Hybrid Debt Fund

Lower mid AUM (₹3,332 Cr).
Established history (22+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderately High.
5Y return: 9.13% (top quartile).
3Y return: 9.65% (lower mid).
1Y return: 6.31% (bottom quartile).
1M return: -0.02% (top quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: -0.15 (bottom quartile).

Kotak Debt Hybrid Fund

Bottom quartile AUM (₹3,044 Cr).
Established history (22+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderate.
5Y return: 8.86% (lower mid).
3Y return: 9.63% (bottom quartile).
1Y return: 5.90% (bottom quartile).
1M return: -0.45% (bottom quartile).
Alpha: -1.88 (bottom quartile).
Sharpe: -0.21 (bottom quartile).

DSP Regular Savings Fund

Bottom quartile AUM (₹183 Cr).
Established history (21+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 7.79% (bottom quartile).
3Y return: 9.61% (bottom quartile).
1Y return: 6.68% (lower mid).
1M return: -0.32% (lower mid).
Alpha: 0.55 (top quartile).
Sharpe: 0.29 (upper mid).

Top 5 Hybrid Equity Funds with 3 Year Highest Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
ICICI Prudential Equity and Debt Fund Growth	₹398.48 ↓ -2.68	₹49,257	-3.3	0.7	12.5	17.9	18.1	13.3
BOI AXA Mid and Small Cap Equity and Debt Fund Growth	₹37.45 ↓ -0.11	₹1,329	-0.5	-0.4	11.4	17.8	17	-0.9
Sundaram Equity Hybrid Fund Growth	₹135.137 ↑ 0.78	₹1,954	0.5	10.5	27.1	16	14.2
JM Equity Hybrid Fund Growth	₹113.533 ↓ -0.85	₹753	-5.8	-5	2.6	15.8	14.1	-3.1
UTI Hybrid Equity Fund Growth	₹401.919 ↓ -3.09	₹6,654	-3.9	0.8	8.3	15.5	14	6.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 6 Mar 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	ICICI Prudential Equity and Debt Fund	BOI AXA Mid and Small Cap Equity and Debt Fund	Sundaram Equity Hybrid Fund	JM Equity Hybrid Fund	UTI Hybrid Equity Fund
Point 1	Highest AUM (₹49,257 Cr).	Bottom quartile AUM (₹1,329 Cr).	Lower mid AUM (₹1,954 Cr).	Bottom quartile AUM (₹753 Cr).	Upper mid AUM (₹6,654 Cr).
Point 2	Established history (26+ yrs).	Established history (9+ yrs).	Established history (25+ yrs).	Established history (30+ yrs).	Oldest track record among peers (31 yrs).
Point 3	Top rated.	Not Rated.	Rating: 2★ (lower mid).	Rating: 1★ (bottom quartile).	Rating: 3★ (upper mid).
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 18.06% (top quartile).	5Y return: 17.04% (upper mid).	5Y return: 14.20% (lower mid).	5Y return: 14.09% (bottom quartile).	5Y return: 14.00% (bottom quartile).
Point 6	3Y return: 17.94% (top quartile).	3Y return: 17.78% (upper mid).	3Y return: 16.03% (lower mid).	3Y return: 15.82% (bottom quartile).	3Y return: 15.47% (bottom quartile).
Point 7	1Y return: 12.46% (upper mid).	1Y return: 11.43% (lower mid).	1Y return: 27.10% (top quartile).	1Y return: 2.64% (bottom quartile).	1Y return: 8.34% (bottom quartile).
Point 8	1M return: -2.69% (lower mid).	1M return: -1.50% (upper mid).	1M return: 1.80% (top quartile).	1M return: -3.93% (bottom quartile).	1M return: -3.34% (bottom quartile).
Point 9	Alpha: 3.54 (upper mid).	Alpha: 0.00 (lower mid).	Alpha: 5.81 (top quartile).	Alpha: -6.31 (bottom quartile).	Alpha: -0.75 (bottom quartile).
Point 10	Sharpe: 0.62 (upper mid).	Sharpe: 0.08 (bottom quartile).	Sharpe: 2.64 (top quartile).	Sharpe: -0.36 (bottom quartile).	Sharpe: 0.15 (lower mid).

ICICI Prudential Equity and Debt Fund

Highest AUM (₹49,257 Cr).
Established history (26+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 18.06% (top quartile).
3Y return: 17.94% (top quartile).
1Y return: 12.46% (upper mid).
1M return: -2.69% (lower mid).
Alpha: 3.54 (upper mid).
Sharpe: 0.62 (upper mid).

BOI AXA Mid and Small Cap Equity and Debt Fund

Bottom quartile AUM (₹1,329 Cr).
Established history (9+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 17.04% (upper mid).
3Y return: 17.78% (upper mid).
1Y return: 11.43% (lower mid).
1M return: -1.50% (upper mid).
Alpha: 0.00 (lower mid).
Sharpe: 0.08 (bottom quartile).

Sundaram Equity Hybrid Fund

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

JM Equity Hybrid Fund

Bottom quartile AUM (₹753 Cr).
Established history (30+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 14.09% (bottom quartile).
3Y return: 15.82% (bottom quartile).
1Y return: 2.64% (bottom quartile).
1M return: -3.93% (bottom quartile).
Alpha: -6.31 (bottom quartile).
Sharpe: -0.36 (bottom quartile).

UTI Hybrid Equity Fund

Upper mid AUM (₹6,654 Cr).
Oldest track record among peers (31 yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 14.00% (bottom quartile).
3Y return: 15.47% (bottom quartile).
1Y return: 8.34% (bottom quartile).
1M return: -3.34% (bottom quartile).
Alpha: -0.75 (bottom quartile).
Sharpe: 0.15 (lower mid).

Best Gold Funds with 3 Year Highest Returns 2026

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

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
SBI Gold Fund Growth	₹46.1239 ↓ -0.55	₹15,024	22.4	47.5	81.5	39.7	27.3	71.5
ICICI Prudential Regular Gold Savings Fund Growth	₹48.6828 ↓ -0.60	₹6,338	22.1	47	81.2	39.5	27.1	72
IDBI Gold Fund Growth	₹41.0563 ↓ -0.23	₹809	22.5	47	81	39.4	27.4	79
Nippon India Gold Savings Fund Growth	₹60.2398 ↓ -0.65	₹7,160	22.2	47.2	81.2	39.3	27.1	71.2
Aditya Birla Sun Life Gold Fund Growth	₹45.7966 ↓ -0.53	₹1,781	22.6	47.3	81.3	39.3	27	72
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 6 Mar 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	SBI Gold Fund	ICICI Prudential Regular Gold Savings Fund	IDBI Gold Fund	Nippon India Gold Savings Fund	Aditya Birla Sun Life Gold Fund
Point 1	Highest AUM (₹15,024 Cr).	Lower mid AUM (₹6,338 Cr).	Bottom quartile AUM (₹809 Cr).	Upper mid AUM (₹7,160 Cr).	Bottom quartile AUM (₹1,781 Cr).
Point 2	Established history (14+ yrs).	Established history (14+ yrs).	Established history (13+ yrs).	Oldest track record among peers (15 yrs).	Established history (13+ yrs).
Point 3	Rating: 2★ (upper mid).	Rating: 1★ (bottom quartile).	Not Rated.	Rating: 2★ (lower mid).	Top rated.
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 27.34% (upper mid).	5Y return: 27.14% (lower mid).	5Y return: 27.42% (top quartile).	5Y return: 27.12% (bottom quartile).	5Y return: 26.98% (bottom quartile).
Point 6	3Y return: 39.67% (top quartile).	3Y return: 39.53% (upper mid).	3Y return: 39.36% (lower mid).	3Y return: 39.34% (bottom quartile).	3Y return: 39.27% (bottom quartile).
Point 7	1Y return: 81.52% (top quartile).	1Y return: 81.17% (bottom quartile).	1Y return: 80.98% (bottom quartile).	1Y return: 81.25% (lower mid).	1Y return: 81.30% (upper mid).
Point 8	1M return: 4.44% (lower mid).	1M return: 4.02% (bottom quartile).	1M return: 5.04% (top quartile).	1M return: 4.60% (upper mid).	1M return: 4.23% (bottom quartile).
Point 9	Alpha: 0.00 (top quartile).	Alpha: 0.00 (upper mid).	Alpha: 0.00 (lower mid).	Alpha: 0.00 (bottom quartile).	Alpha: 0.00 (bottom quartile).
Point 10	Sharpe: 3.25 (upper mid).	Sharpe: 3.10 (lower mid).	Sharpe: 3.48 (top quartile).	Sharpe: 3.01 (bottom quartile).	Sharpe: 3.08 (bottom quartile).

SBI Gold Fund

Highest AUM (₹15,024 Cr).
Established history (14+ yrs).
Rating: 2★ (upper mid).
Risk profile: Moderately High.
5Y return: 27.34% (upper mid).
3Y return: 39.67% (top quartile).
1Y return: 81.52% (top quartile).
1M return: 4.44% (lower mid).
Alpha: 0.00 (top quartile).
Sharpe: 3.25 (upper mid).

ICICI Prudential Regular Gold Savings Fund

Lower mid AUM (₹6,338 Cr).
Established history (14+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 27.14% (lower mid).
3Y return: 39.53% (upper mid).
1Y return: 81.17% (bottom quartile).
1M return: 4.02% (bottom quartile).
Alpha: 0.00 (upper mid).
Sharpe: 3.10 (lower mid).

IDBI Gold Fund

Bottom quartile AUM (₹809 Cr).
Established history (13+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 27.42% (top quartile).
3Y return: 39.36% (lower mid).
1Y return: 80.98% (bottom quartile).
1M return: 5.04% (top quartile).
Alpha: 0.00 (lower mid).
Sharpe: 3.48 (top quartile).

Nippon India Gold Savings Fund

Upper mid AUM (₹7,160 Cr).
Oldest track record among peers (15 yrs).
Rating: 2★ (lower mid).
Risk profile: Moderately High.
5Y return: 27.12% (bottom quartile).
3Y return: 39.34% (bottom quartile).
1Y return: 81.25% (lower mid).
1M return: 4.60% (upper mid).
Alpha: 0.00 (bottom quartile).
Sharpe: 3.01 (bottom quartile).

Aditya Birla Sun Life Gold Fund

Bottom quartile AUM (₹1,781 Cr).
Established history (13+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 26.98% (bottom quartile).
3Y return: 39.27% (bottom quartile).
1Y return: 81.30% (upper mid).
1M return: 4.23% (bottom quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: 3.08 (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.