Best Performing Mutual Funds 2026 - 2027

Updated on May 2, 2026 , 190533 views

Most people invest in Mutual Funds the wrong way.

They chase last year’s top performers, follow ratings blindly, and expect consistent high returns. And that’s exactly why many investors fail to build real wealth.

The truth is—there is no permanent “best mutual fund”.

In this guide, we break down the best Mutual Funds in India using a smarter approach—focused on consistency, risk, and long-term performance—so you can invest with clarity, not confusion.

Why to Invest in Mutual Funds?

Investing in mutual funds does not just offer one benefit—it provides multiple advantages that help investors grow their wealth over time.

It helps in achieving:

Short-term goals
Medium-term goals
Long-term financial objectives

There are various fund options available, ranging from low-risk debt funds to high-risk Equity Funds.

One of the biggest advantages is that you can start investing through SIP with as low as ₹500.

1. Liquidity

In open-ended mutual fund schemes, investors can easily buy and redeem units at any time at the prevailing Net Asset Value (NAV), subject to exit load. This makes mutual funds a highly liquid investment option compared to many traditional assets.

2. Diversification

Mutual funds invest across multiple financial instruments such as:

Stocks
Bonds
Gold
money market instruments

This diversification reduces overall investment risk. On the other hand, direct stock investing requires extensive research and active monitoring.

3. Well-Regulated

The mutual fund industry in India is regulated by Securities and Exchange Board of India. SEBI ensures:

Transparency
Fair practices
Regular disclosures

This makes mutual funds a relatively safe and structured investment option.

4. Expert Management

Each mutual fund scheme is managed by a professional fund manager. Their role includes:

Tracking market movements
Adjusting Portfolio allocation
Maximising returns while managing risk

Best Equity Mutual Funds 2026 - 2027

Below are the top-ranked funds across different equity categories such as large cap, mid cap, small cap, multi-cap, ELSS, and sectoral funds.

Fund Selection Methodology used to find 5 funds

Category: Equity
Sub-category: Large%20Cap
AUM Range: 500 to 100000 Cr
Sorted On : 3-year return (high to low)
Tags: fcpro
No Of Funds: 5

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Top 5 Large Cap Equity Funds

No Funds available.

Top 5 Mid Cap Equity Funds

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
Motilal Oswal Midcap 30 Fund Growth	₹91.2854 ↓ -0.13	₹31,047	-3.7	-11.6	-3.2	20.8	23	-12.1
Invesco India Mid Cap Fund Growth	₹181.37 ↑ 0.11	₹9,895	1.7	-2.2	15.3	25.6	21.4	6.3
Edelweiss Mid Cap Fund Growth	₹104.008 ↑ 0.43	₹13,554	0.1	-0.1	12.2	24.4	21.1	3.8
ICICI Prudential MidCap Fund Growth	₹332.08 ↓ -0.10	₹6,569	4.5	7.4	25.3	25.9	20.9	11.1
Sundaram Mid Cap Fund Growth	₹1,425.57 ↓ -0.62	₹11,898	0.3	-1.4	12.9	23.9	20.1	4.1
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 5 May 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	Motilal Oswal Midcap 30 Fund	Invesco India Mid Cap Fund	Edelweiss Mid Cap Fund	ICICI Prudential MidCap Fund	Sundaram Mid Cap Fund
Point 1	Highest AUM (₹31,047 Cr).	Bottom quartile AUM (₹9,895 Cr).	Upper mid AUM (₹13,554 Cr).	Bottom quartile AUM (₹6,569 Cr).	Lower mid AUM (₹11,898 Cr).
Point 2	Established history (12+ yrs).	Established history (19+ yrs).	Established history (18+ yrs).	Established history (21+ yrs).	Oldest track record among peers (23 yrs).
Point 3	Rating: 3★ (upper mid).	Rating: 2★ (bottom quartile).	Rating: 3★ (lower mid).	Rating: 2★ (bottom quartile).	Top rated.
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: High.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 23.04% (top quartile).	5Y return: 21.40% (upper mid).	5Y return: 21.13% (lower mid).	5Y return: 20.90% (bottom quartile).	5Y return: 20.13% (bottom quartile).
Point 6	3Y return: 20.75% (bottom quartile).	3Y return: 25.61% (upper mid).	3Y return: 24.40% (lower mid).	3Y return: 25.94% (top quartile).	3Y return: 23.94% (bottom quartile).
Point 7	1Y return: -3.18% (bottom quartile).	1Y return: 15.33% (upper mid).	1Y return: 12.22% (bottom quartile).	1Y return: 25.27% (top quartile).	1Y return: 12.91% (lower mid).
Point 8	Alpha: -16.24 (bottom quartile).	Alpha: 0.00 (lower mid).	Alpha: -0.08 (bottom quartile).	Alpha: 8.43 (top quartile).	Alpha: 0.04 (upper mid).
Point 9	Sharpe: -1.08 (bottom quartile).	Sharpe: -0.08 (upper mid).	Sharpe: -0.12 (bottom quartile).	Sharpe: 0.37 (top quartile).	Sharpe: -0.12 (lower mid).
Point 10	Information ratio: -0.23 (bottom quartile).	Information ratio: 0.00 (bottom quartile).	Information ratio: 0.31 (upper mid).	Information ratio: 0.42 (top quartile).	Information ratio: 0.22 (lower mid).

Motilal Oswal Midcap 30 Fund

Highest AUM (₹31,047 Cr).
Established history (12+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 23.04% (top quartile).
3Y return: 20.75% (bottom quartile).
1Y return: -3.18% (bottom quartile).
Alpha: -16.24 (bottom quartile).
Sharpe: -1.08 (bottom quartile).
Information ratio: -0.23 (bottom quartile).

Invesco India Mid Cap Fund

Bottom quartile AUM (₹9,895 Cr).
Established history (19+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 21.40% (upper mid).
3Y return: 25.61% (upper mid).
1Y return: 15.33% (upper mid).
Alpha: 0.00 (lower mid).
Sharpe: -0.08 (upper mid).
Information ratio: 0.00 (bottom quartile).

Edelweiss Mid Cap Fund

Upper mid AUM (₹13,554 Cr).
Established history (18+ yrs).
Rating: 3★ (lower mid).
Risk profile: High.
5Y return: 21.13% (lower mid).
3Y return: 24.40% (lower mid).
1Y return: 12.22% (bottom quartile).
Alpha: -0.08 (bottom quartile).
Sharpe: -0.12 (bottom quartile).
Information ratio: 0.31 (upper mid).

ICICI Prudential MidCap Fund

Bottom quartile AUM (₹6,569 Cr).
Established history (21+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 20.90% (bottom quartile).
3Y return: 25.94% (top quartile).
1Y return: 25.27% (top quartile).
Alpha: 8.43 (top quartile).
Sharpe: 0.37 (top quartile).
Information ratio: 0.42 (top quartile).

Sundaram Mid Cap Fund

Lower mid AUM (₹11,898 Cr).
Oldest track record among peers (23 yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 20.13% (bottom quartile).
3Y return: 23.94% (bottom quartile).
1Y return: 12.91% (lower mid).
Alpha: 0.04 (upper mid).
Sharpe: -0.12 (lower mid).
Information ratio: 0.22 (lower mid).

Top 5 Small Cap Equity Funds

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
Franklin India Smaller Companies Fund Growth	₹172.184 ↑ 0.03	₹11,724	6.2	-0.1	9	19	20.1	-8.4
DSP Small Cap Fund Growth	₹203.343 ↓ -0.96	₹15,300	5.6	3.2	20.5	20.7	19.8	-2.8
Sundaram Small Cap Fund Growth	₹272.075 ↑ 0.13	₹2,983	5.3	1.5	16.9	20.5	19.2	0.4
HDFC Small Cap Fund Growth	₹133.163 ↑ 0.15	₹33,724	-2.5	-7.8	8.3	16	19	-0.6
IDBI Small Cap Fund Growth	₹31.187 ↑ 0.18	₹552	7.7	1.2	12.6	19	18.8	-13.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 5 May 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	Franklin India Smaller Companies Fund	DSP Small Cap Fund	Sundaram Small Cap Fund	HDFC Small Cap Fund	IDBI Small Cap Fund
Point 1	Lower mid AUM (₹11,724 Cr).	Upper mid AUM (₹15,300 Cr).	Bottom quartile AUM (₹2,983 Cr).	Highest AUM (₹33,724 Cr).	Bottom quartile AUM (₹552 Cr).
Point 2	Established history (20+ yrs).	Established history (18+ yrs).	Oldest track record among peers (21 yrs).	Established history (18+ yrs).	Established history (8+ yrs).
Point 3	Top rated.	Rating: 4★ (upper mid).	Rating: 3★ (bottom quartile).	Rating: 4★ (lower mid).	Not 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: 20.07% (top quartile).	5Y return: 19.75% (upper mid).	5Y return: 19.15% (lower mid).	5Y return: 19.02% (bottom quartile).	5Y return: 18.82% (bottom quartile).
Point 6	3Y return: 19.03% (lower mid).	3Y return: 20.74% (top quartile).	3Y return: 20.53% (upper mid).	3Y return: 16.03% (bottom quartile).	3Y return: 19.00% (bottom quartile).
Point 7	1Y return: 8.99% (bottom quartile).	1Y return: 20.50% (top quartile).	1Y return: 16.94% (upper mid).	1Y return: 8.34% (bottom quartile).	1Y return: 12.55% (lower mid).
Point 8	Alpha: -1.36 (bottom quartile).	Alpha: 0.00 (upper mid).	Alpha: 4.51 (top quartile).	Alpha: 0.00 (lower mid).	Alpha: -4.18 (bottom quartile).
Point 9	Sharpe: -0.55 (bottom quartile).	Sharpe: -0.05 (top quartile).	Sharpe: -0.20 (upper mid).	Sharpe: -0.38 (lower mid).	Sharpe: -0.75 (bottom quartile).
Point 10	Information ratio: -0.65 (bottom quartile).	Information ratio: 0.00 (top quartile).	Information ratio: -0.39 (lower mid).	Information ratio: 0.00 (upper mid).	Information ratio: -0.61 (bottom quartile).

Franklin India Smaller Companies Fund

Lower mid AUM (₹11,724 Cr).
Established history (20+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 20.07% (top quartile).
3Y return: 19.03% (lower mid).
1Y return: 8.99% (bottom quartile).
Alpha: -1.36 (bottom quartile).
Sharpe: -0.55 (bottom quartile).
Information ratio: -0.65 (bottom quartile).

DSP Small Cap Fund

Upper mid AUM (₹15,300 Cr).
Established history (18+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 19.75% (upper mid).
3Y return: 20.74% (top quartile).
1Y return: 20.50% (top quartile).
Alpha: 0.00 (upper mid).
Sharpe: -0.05 (top quartile).
Information ratio: 0.00 (top quartile).

Sundaram Small Cap Fund

Bottom quartile AUM (₹2,983 Cr).
Oldest track record among peers (21 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 19.15% (lower mid).
3Y return: 20.53% (upper mid).
1Y return: 16.94% (upper mid).
Alpha: 4.51 (top quartile).
Sharpe: -0.20 (upper mid).
Information ratio: -0.39 (lower mid).

HDFC Small Cap Fund

Highest AUM (₹33,724 Cr).
Established history (18+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderately High.
5Y return: 19.02% (bottom quartile).
3Y return: 16.03% (bottom quartile).
1Y return: 8.34% (bottom quartile).
Alpha: 0.00 (lower mid).
Sharpe: -0.38 (lower mid).
Information ratio: 0.00 (upper mid).

IDBI Small Cap Fund

Bottom quartile AUM (₹552 Cr).
Established history (8+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 18.82% (bottom quartile).
3Y return: 19.00% (bottom quartile).
1Y return: 12.55% (lower mid).
Alpha: -4.18 (bottom quartile).
Sharpe: -0.75 (bottom quartile).
Information ratio: -0.61 (bottom quartile).

Top 5 Diversified/Multi-Cap Equity Funds

No Funds available.

Top 5 (ELSS) Equity Linked Saving Schemes

No Funds available.

Top 5 Sector Equity Funds

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
SBI PSU Fund Growth	₹35.9133 ↓ -0.12	₹5,891	1.8	6.9	17	30.2	26.8	11.3
LIC MF Infrastructure Fund Growth	₹52.1891 ↓ 0.00	₹905	4.7	2.1	20	28.6	25.2	-3.7
Invesco India PSU Equity Fund Growth	₹67.68 ↑ 0.08	₹1,335	-0.2	1.3	13.2	27.8	25	10.3
Nippon India Power and Infra Fund Growth	₹382.181 ↓ -0.97	₹6,534	10.5	7.7	18.5	27.1	25.9	-0.5
DSP India T.I.G.E.R Fund Growth	₹347.454 ↑ 0.30	₹4,979	8.9	8.7	20.8	26.9	25.6	-2.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 5 May 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	SBI PSU Fund	LIC MF Infrastructure Fund	Invesco India PSU Equity Fund	Nippon India Power and Infra Fund	DSP India T.I.G.E.R Fund
Point 1	Upper mid AUM (₹5,891 Cr).	Bottom quartile AUM (₹905 Cr).	Bottom quartile AUM (₹1,335 Cr).	Highest AUM (₹6,534 Cr).	Lower mid AUM (₹4,979 Cr).
Point 2	Established history (15+ yrs).	Established history (18+ yrs).	Established history (16+ yrs).	Oldest track record among peers (22 yrs).	Established history (21+ yrs).
Point 3	Rating: 2★ (bottom quartile).	Not Rated.	Rating: 3★ (lower mid).	Top rated.	Rating: 4★ (upper mid).
Point 4	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.
Point 5	5Y return: 26.84% (top quartile).	5Y return: 25.22% (bottom quartile).	5Y return: 25.02% (bottom quartile).	5Y return: 25.91% (upper mid).	5Y return: 25.58% (lower mid).
Point 6	3Y return: 30.17% (top quartile).	3Y return: 28.60% (upper mid).	3Y return: 27.85% (lower mid).	3Y return: 27.07% (bottom quartile).	3Y return: 26.90% (bottom quartile).
Point 7	1Y return: 16.97% (bottom quartile).	1Y return: 20.04% (upper mid).	1Y return: 13.16% (bottom quartile).	1Y return: 18.52% (lower mid).	1Y return: 20.80% (top quartile).
Point 8	Alpha: -1.15 (bottom quartile).	Alpha: 2.02 (top quartile).	Alpha: -6.00 (bottom quartile).	Alpha: -0.88 (lower mid).	Alpha: 0.00 (upper mid).
Point 9	Sharpe: 0.27 (top quartile).	Sharpe: -0.01 (lower mid).	Sharpe: 0.01 (upper mid).	Sharpe: -0.19 (bottom quartile).	Sharpe: -0.01 (bottom quartile).
Point 10	Information ratio: -0.31 (bottom quartile).	Information ratio: 0.34 (upper mid).	Information ratio: -0.79 (bottom quartile).	Information ratio: 0.38 (top quartile).	Information ratio: 0.00 (lower mid).

SBI PSU Fund

Upper mid AUM (₹5,891 Cr).
Established history (15+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: High.
5Y return: 26.84% (top quartile).
3Y return: 30.17% (top quartile).
1Y return: 16.97% (bottom quartile).
Alpha: -1.15 (bottom quartile).
Sharpe: 0.27 (top quartile).
Information ratio: -0.31 (bottom quartile).

LIC MF Infrastructure Fund

Bottom quartile AUM (₹905 Cr).
Established history (18+ yrs).
Not Rated.
Risk profile: High.
5Y return: 25.22% (bottom quartile).
3Y return: 28.60% (upper mid).
1Y return: 20.04% (upper mid).
Alpha: 2.02 (top quartile).
Sharpe: -0.01 (lower mid).
Information ratio: 0.34 (upper mid).

Invesco India PSU Equity Fund

Bottom quartile AUM (₹1,335 Cr).
Established history (16+ yrs).
Rating: 3★ (lower mid).
Risk profile: High.
5Y return: 25.02% (bottom quartile).
3Y return: 27.85% (lower mid).
1Y return: 13.16% (bottom quartile).
Alpha: -6.00 (bottom quartile).
Sharpe: 0.01 (upper mid).
Information ratio: -0.79 (bottom quartile).

Nippon India Power and Infra Fund

Highest AUM (₹6,534 Cr).
Oldest track record among peers (22 yrs).
Top rated.
Risk profile: High.
5Y return: 25.91% (upper mid).
3Y return: 27.07% (bottom quartile).
1Y return: 18.52% (lower mid).
Alpha: -0.88 (lower mid).
Sharpe: -0.19 (bottom quartile).
Information ratio: 0.38 (top quartile).

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

Lower mid AUM (₹4,979 Cr).
Established history (21+ yrs).
Rating: 4★ (upper mid).
Risk profile: High.
5Y return: 25.58% (lower mid).
3Y return: 26.90% (bottom quartile).
1Y return: 20.80% (top quartile).
Alpha: 0.00 (upper mid).
Sharpe: -0.01 (bottom quartile).
Information ratio: 0.00 (lower mid).

Top 5 Value Equity Funds

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
Nippon India Value Fund Growth	₹224.145 ↓ -0.53	₹7,993	-2.5	-3.4	4.8	20.5	18.4	4.2
Aditya Birla Sun Life Pure Value Fund Growth	₹129.746 ↓ -0.14	₹5,639	0.7	2.2	11.8	19.2	16.1	2.6
HDFC Capital Builder Value Fund Growth	₹744.918 ↓ -2.95	₹6,588	-2.9	-2.5	6.7	18.2	16.7	8.6
JM Value Fund Growth	₹92.3443 ↑ 0.42	₹721	-1.8	-6.1	0	17.6	17.2	-4.4
ICICI Prudential Value Discovery Fund Growth	₹461.15 ↓ -1.41	₹55,852	-5.9	-4.3	2.4	17.6	18.5	13.8
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 5 May 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	Nippon India Value Fund	Aditya Birla Sun Life Pure Value Fund	HDFC Capital Builder Value Fund	JM Value Fund	ICICI Prudential Value Discovery Fund
Point 1	Upper mid AUM (₹7,993 Cr).	Bottom quartile AUM (₹5,639 Cr).	Lower mid AUM (₹6,588 Cr).	Bottom quartile AUM (₹721 Cr).	Highest AUM (₹55,852 Cr).
Point 2	Established history (20+ yrs).	Established history (18+ yrs).	Oldest track record among peers (32 yrs).	Established history (28+ yrs).	Established history (21+ yrs).
Point 3	Not Rated.	Rating: 3★ (upper mid).	Rating: 3★ (lower mid).	Top rated.	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: 18.40% (upper mid).	5Y return: 16.14% (bottom quartile).	5Y return: 16.71% (bottom quartile).	5Y return: 17.19% (lower mid).	5Y return: 18.53% (top quartile).
Point 6	3Y return: 20.54% (top quartile).	3Y return: 19.16% (upper mid).	3Y return: 18.25% (lower mid).	3Y return: 17.60% (bottom quartile).	3Y return: 17.60% (bottom quartile).
Point 7	1Y return: 4.75% (lower mid).	1Y return: 11.84% (top quartile).	1Y return: 6.68% (upper mid).	1Y return: -0.03% (bottom quartile).	1Y return: 2.37% (bottom quartile).
Point 8	Alpha: -0.79 (bottom quartile).	Alpha: 1.05 (lower mid).	Alpha: 3.06 (top quartile).	Alpha: -5.10 (bottom quartile).	Alpha: 1.21 (upper mid).
Point 9	Sharpe: -0.54 (bottom quartile).	Sharpe: -0.39 (lower mid).	Sharpe: -0.28 (top quartile).	Sharpe: -0.79 (bottom quartile).	Sharpe: -0.38 (upper mid).
Point 10	Information ratio: 1.54 (top quartile).	Information ratio: 0.58 (bottom quartile).	Information ratio: 1.00 (upper mid).	Information ratio: 0.16 (bottom quartile).	Information ratio: 0.77 (lower mid).

Nippon India Value Fund

Upper mid AUM (₹7,993 Cr).
Established history (20+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 18.40% (upper mid).
3Y return: 20.54% (top quartile).
1Y return: 4.75% (lower mid).
Alpha: -0.79 (bottom quartile).
Sharpe: -0.54 (bottom quartile).
Information ratio: 1.54 (top quartile).

Aditya Birla Sun Life Pure Value Fund

Bottom quartile AUM (₹5,639 Cr).
Established history (18+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 16.14% (bottom quartile).
3Y return: 19.16% (upper mid).
1Y return: 11.84% (top quartile).
Alpha: 1.05 (lower mid).
Sharpe: -0.39 (lower mid).
Information ratio: 0.58 (bottom quartile).

HDFC Capital Builder Value Fund

Lower mid AUM (₹6,588 Cr).
Oldest track record among peers (32 yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 16.71% (bottom quartile).
3Y return: 18.25% (lower mid).
1Y return: 6.68% (upper mid).
Alpha: 3.06 (top quartile).
Sharpe: -0.28 (top quartile).
Information ratio: 1.00 (upper mid).

JM Value Fund

Bottom quartile AUM (₹721 Cr).
Established history (28+ yrs).
Top rated.
Risk profile: High.
5Y return: 17.19% (lower mid).
3Y return: 17.60% (bottom quartile).
1Y return: -0.03% (bottom quartile).
Alpha: -5.10 (bottom quartile).
Sharpe: -0.79 (bottom quartile).
Information ratio: 0.16 (bottom quartile).

ICICI Prudential Value Discovery Fund

Highest AUM (₹55,852 Cr).
Established history (21+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 18.53% (top quartile).
3Y return: 17.60% (bottom quartile).
1Y return: 2.37% (bottom quartile).
Alpha: 1.21 (upper mid).
Sharpe: -0.38 (upper mid).
Information ratio: 0.77 (lower mid).

Top 5 Focused Equity Funds

No Funds available.

About the Fincash Research Team

At Fincash, our mission is to help investors make informed, confident decisions. With over 10 years in Mutual Fund distribution, our team blends deep industry expertise with a commitment to transparency, accuracy, and investor education.

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Best Debt Funds 2026 - 2027

Below are the top ranked funds from difference categories like. Liquid, Ultra Short, Short Term, GILT, Credit Risk and Corporate Debt from Debt.

Top 5 Ultra Short Term Debt Funds

No Funds available.

Top 5 Short Term Debt Funds

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%
IDBI Short Term Bond Fund Growth	₹23.8418 ↓ 0.00	₹26	1.4	3.2	6.2	7.2		6.43%	3M	3M 14D
ICICI Prudential Short Term Fund Growth	₹62.9066 ↓ -0.03	₹20,688	1	2.1	5.6	7.2	8	7.89%	2Y 4M 24D	3Y 11M 8D
HDFC Short Term Debt Fund Growth	₹33.3918 ↓ 0.00	₹14,728	0.9	1.8	5.2	7.2	7.8	7.85%	2Y 4M 17D	3Y 5M 12D
Axis Short Term Fund Growth	₹32.2836 ↓ -0.01	₹8,342	1	1.9	5.4	7.1	8.1	7.79%	2Y 2M 19D	3Y
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 2 May 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	Franklin India Short Term Income Plan - Retail Plan	IDBI Short Term Bond Fund	ICICI Prudential Short Term Fund	HDFC Short Term Debt Fund	Axis Short Term Fund
Point 1	Bottom quartile AUM (₹13 Cr).	Bottom quartile AUM (₹26 Cr).	Highest AUM (₹20,688 Cr).	Upper mid AUM (₹14,728 Cr).	Lower mid AUM (₹8,342 Cr).
Point 2	Oldest track record among peers (24 yrs).	Established history (15+ yrs).	Established history (24+ yrs).	Established history (15+ yrs).	Established history (16+ yrs).
Point 3	Rating: 2★ (bottom quartile).	Rating: 2★ (bottom quartile).	Top rated.	Rating: 3★ (upper mid).	Rating: 3★ (lower 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: 6.21% (upper mid).	1Y return: 5.55% (lower mid).	1Y return: 5.23% (bottom quartile).	1Y return: 5.40% (bottom quartile).
Point 6	1M return: 192.10% (top quartile).	1M return: 0.43% (bottom quartile).	1M return: 0.85% (lower mid).	1M return: 0.67% (bottom quartile).	1M return: 0.89% (upper mid).
Point 7	Sharpe: -90.89 (bottom quartile).	Sharpe: 0.10 (bottom quartile).	Sharpe: 0.34 (top quartile).	Sharpe: 0.22 (lower mid).	Sharpe: 0.24 (upper mid).
Point 8	Information ratio: -2.42 (bottom quartile).	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 0.00% (bottom quartile).	Yield to maturity (debt): 6.43% (bottom quartile).	Yield to maturity (debt): 7.89% (top quartile).	Yield to maturity (debt): 7.85% (upper mid).	Yield to maturity (debt): 7.79% (lower mid).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 0.25 yrs (upper mid).	Modified duration: 2.40 yrs (bottom quartile).	Modified duration: 2.38 yrs (bottom quartile).	Modified duration: 2.22 yrs (lower mid).

Franklin India Short Term Income Plan - Retail Plan

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

IDBI Short Term Bond Fund

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

ICICI Prudential Short Term Fund

Highest AUM (₹20,688 Cr).
Established history (24+ yrs).
Top rated.
Risk profile: Moderate.
1Y return: 5.55% (lower mid).
1M return: 0.85% (lower mid).
Sharpe: 0.34 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.89% (top quartile).
Modified duration: 2.40 yrs (bottom quartile).

HDFC Short Term Debt Fund

Upper mid AUM (₹14,728 Cr).
Established history (15+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately Low.
1Y return: 5.23% (bottom quartile).
1M return: 0.67% (bottom quartile).
Sharpe: 0.22 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.85% (upper mid).
Modified duration: 2.38 yrs (bottom quartile).

Axis Short Term Fund

Lower mid AUM (₹8,342 Cr).
Established history (16+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately Low.
1Y return: 5.40% (bottom quartile).
1M return: 0.89% (upper mid).
Sharpe: 0.24 (upper mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.79% (lower mid).
Modified duration: 2.22 yrs (lower mid).

Top 5 Liquid Funds

Fund	NAV	Net Assets (Cr)	1 MO (%)	3 MO (%)	6 MO (%)	1 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Axis Liquid Fund Growth	₹3,059.11 ↑ 0.43	₹30,188	0.5	1.6	3.1	6.2	6.6	7.77%	2M 1D	2M 5D
Edelweiss Liquid Fund Growth	₹3,513.1 ↑ 0.45	₹8,877	0.5	1.6	3.1	6.3	6.5	7.42%	2M 8D	2M 8D
UTI Liquid Cash Plan Growth	₹4,506.23 ↑ 0.61	₹19,763	0.5	1.6	3.1	6.2	6.5	6.03%	1M 2D	1M 2D
Tata Liquid Fund Growth	₹4,325 ↑ 0.61	₹22,316	0.5	1.6	3.1	6.2	6.5	6.21%	1M 7D	1M 7D
DSP Liquidity Fund Growth	₹3,921.89 ↑ 0.53	₹16,866	0.5	1.6	3.1	6.2	6.5	7.48%	1M 28D	2M 1D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 5 May 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	Axis Liquid Fund	Edelweiss Liquid Fund	UTI Liquid Cash Plan	Tata Liquid Fund	DSP Liquidity Fund
Point 1	Highest AUM (₹30,188 Cr).	Bottom quartile AUM (₹8,877 Cr).	Lower mid AUM (₹19,763 Cr).	Upper mid AUM (₹22,316 Cr).	Bottom quartile AUM (₹16,866 Cr).
Point 2	Established history (16+ yrs).	Established history (18+ yrs).	Oldest track record among peers (22 yrs).	Established history (21+ yrs).	Established history (20+ yrs).
Point 3	Top rated.	Rating: 2★ (bottom quartile).	Rating: 3★ (lower mid).	Rating: 4★ (upper mid).	Rating: 3★ (bottom quartile).
Point 4	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.
Point 5	1Y return: 6.25% (upper mid).	1Y return: 6.25% (top quartile).	1Y return: 6.22% (bottom quartile).	1Y return: 6.19% (bottom quartile).	1Y return: 6.24% (lower mid).
Point 6	1M return: 0.53% (upper mid).	1M return: 0.54% (top quartile).	1M return: 0.52% (bottom quartile).	1M return: 0.53% (lower mid).	1M return: 0.53% (bottom quartile).
Point 7	Sharpe: 3.16 (top quartile).	Sharpe: 3.06 (upper mid).	Sharpe: 3.05 (lower mid).	Sharpe: 2.94 (bottom quartile).	Sharpe: 3.03 (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): 7.77% (top quartile).	Yield to maturity (debt): 7.42% (lower mid).	Yield to maturity (debt): 6.03% (bottom quartile).	Yield to maturity (debt): 6.21% (bottom quartile).	Yield to maturity (debt): 7.48% (upper mid).
Point 10	Modified duration: 0.17 yrs (bottom quartile).	Modified duration: 0.19 yrs (bottom quartile).	Modified duration: 0.09 yrs (top quartile).	Modified duration: 0.10 yrs (upper mid).	Modified duration: 0.16 yrs (lower mid).

Axis Liquid Fund

Highest AUM (₹30,188 Cr).
Established history (16+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.25% (upper mid).
1M return: 0.53% (upper mid).
Sharpe: 3.16 (top quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.77% (top quartile).
Modified duration: 0.17 yrs (bottom quartile).

Edelweiss Liquid Fund

Bottom quartile AUM (₹8,877 Cr).
Established history (18+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Low.
1Y return: 6.25% (top quartile).
1M return: 0.54% (top quartile).
Sharpe: 3.06 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.42% (lower mid).
Modified duration: 0.19 yrs (bottom quartile).

UTI Liquid Cash Plan

Lower mid AUM (₹19,763 Cr).
Oldest track record among peers (22 yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.22% (bottom quartile).
1M return: 0.52% (bottom quartile).
Sharpe: 3.05 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.03% (bottom quartile).
Modified duration: 0.09 yrs (top quartile).

Tata Liquid Fund

Upper mid AUM (₹22,316 Cr).
Established history (21+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.19% (bottom quartile).
1M return: 0.53% (lower mid).
Sharpe: 2.94 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.21% (bottom quartile).
Modified duration: 0.10 yrs (upper mid).

DSP Liquidity Fund

Bottom quartile AUM (₹16,866 Cr).
Established history (20+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.24% (lower mid).
1M return: 0.53% (bottom quartile).
Sharpe: 3.03 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.48% (upper mid).
Modified duration: 0.16 yrs (lower mid).

Top 5 Banking and PSU Debt Funds

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
ICICI Prudential Banking and PSU Debt Fund Growth	₹34.0385 ↓ -0.02	₹9,109	0.7	1.8	4.9	7	7.6	7.64%	2Y 9M 29D	5Y 18D
Kotak Banking and PSU Debt fund Growth	₹67.9727 ↓ -0.02	₹5,173	0.6	1.6	4.7	6.9	7.7	7.55%	2Y 9M 14D	3Y 6M 7D
Aditya Birla Sun Life Banking & PSU Debt Fund Growth	₹379.592 ↓ -0.14	₹8,807	0.7	1.3	4.2	6.7	7.3	7.5%	2Y 9M 4D	3Y 10M 28D
HDFC Banking and PSU Debt Fund Growth	₹23.802 ↓ -0.01	₹5,370	0.5	1.1	4.2	6.7	7.5	7.58%	3Y 22D	4Y 3M 22D
Nippon India Banking & PSU Debt Fund Growth	₹21.447 ↓ -0.01	₹5,181	0.6	1.1	4	6.6	7.3	7.08%	3Y 2M 19D	4Y 1M 10D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 5 May 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	ICICI Prudential Banking and PSU Debt Fund	Kotak Banking and PSU Debt fund	Aditya Birla Sun Life Banking & PSU Debt Fund	HDFC Banking and PSU Debt Fund	Nippon India Banking & PSU Debt Fund
Point 1	Highest AUM (₹9,109 Cr).	Bottom quartile AUM (₹5,173 Cr).	Upper mid AUM (₹8,807 Cr).	Lower mid AUM (₹5,370 Cr).	Bottom quartile AUM (₹5,181 Cr).
Point 2	Established history (16+ yrs).	Oldest track record among peers (27 yrs).	Established history (18+ yrs).	Established history (12+ yrs).	Established history (10+ yrs).
Point 3	Rating: 4★ (upper mid).	Rating: 4★ (lower mid).	Rating: 4★ (bottom quartile).	Top rated.	Not Rated.
Point 4	Risk profile: Moderate.	Risk profile: Moderately Low.	Risk profile: Moderate.	Risk profile: Moderately Low.	Risk profile: Moderately Low.
Point 5	1Y return: 4.89% (top quartile).	1Y return: 4.69% (upper mid).	1Y return: 4.24% (lower mid).	1Y return: 4.18% (bottom quartile).	1Y return: 4.01% (bottom quartile).
Point 6	1M return: 0.82% (top quartile).	1M return: 0.59% (bottom quartile).	1M return: 0.72% (lower mid).	1M return: 0.71% (bottom quartile).	1M return: 0.79% (upper mid).
Point 7	Sharpe: -0.08 (upper mid).	Sharpe: 0.05 (top quartile).	Sharpe: -0.25 (bottom quartile).	Sharpe: -0.25 (lower mid).	Sharpe: -0.32 (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): 7.64% (top quartile).	Yield to maturity (debt): 7.55% (lower mid).	Yield to maturity (debt): 7.50% (bottom quartile).	Yield to maturity (debt): 7.58% (upper mid).	Yield to maturity (debt): 7.08% (bottom quartile).
Point 10	Modified duration: 2.83 yrs (lower mid).	Modified duration: 2.79 yrs (upper mid).	Modified duration: 2.76 yrs (top quartile).	Modified duration: 3.06 yrs (bottom quartile).	Modified duration: 3.22 yrs (bottom quartile).

ICICI Prudential Banking and PSU Debt Fund

Highest AUM (₹9,109 Cr).
Established history (16+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
1Y return: 4.89% (top quartile).
1M return: 0.82% (top quartile).
Sharpe: -0.08 (upper mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.64% (top quartile).
Modified duration: 2.83 yrs (lower mid).

Kotak Banking and PSU Debt fund

Bottom quartile AUM (₹5,173 Cr).
Oldest track record among peers (27 yrs).
Rating: 4★ (lower mid).
Risk profile: Moderately Low.
1Y return: 4.69% (upper mid).
1M return: 0.59% (bottom quartile).
Sharpe: 0.05 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.55% (lower mid).
Modified duration: 2.79 yrs (upper mid).

Aditya Birla Sun Life Banking & PSU Debt Fund

Upper mid AUM (₹8,807 Cr).
Established history (18+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderate.
1Y return: 4.24% (lower mid).
1M return: 0.72% (lower mid).
Sharpe: -0.25 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.50% (bottom quartile).
Modified duration: 2.76 yrs (top quartile).

HDFC Banking and PSU Debt Fund

Lower mid AUM (₹5,370 Cr).
Established history (12+ yrs).
Top rated.
Risk profile: Moderately Low.
1Y return: 4.18% (bottom quartile).
1M return: 0.71% (bottom quartile).
Sharpe: -0.25 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.58% (upper mid).
Modified duration: 3.06 yrs (bottom quartile).

Nippon India Banking & PSU Debt Fund

Bottom quartile AUM (₹5,181 Cr).
Established history (10+ yrs).
Not Rated.
Risk profile: Moderately Low.
1Y return: 4.01% (bottom quartile).
1M return: 0.79% (upper mid).
Sharpe: -0.32 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.08% (bottom quartile).
Modified duration: 3.22 yrs (bottom quartile).

Top 5 Credit Risk Funds

No Funds available.

Top 5 Corporate Bond Funds

No Funds available.

Top 5 GILT Funds

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	₹104.783 ↓ -0.17	₹8,858	0.2	0.8	2.2	6.6	6.8	7.59%	8Y 4M 20D	20Y 7D
UTI Gilt Fund Growth	₹64.775 ↓ -0.03	₹543	1.7	2.6	2.2	6.5	5.1	6.71%	6Y 8M 23D	15Y 2M 16D
Axis Gilt Fund Growth	₹25.912 ↓ -0.04	₹447	0.6	0.9	0.4	6.4	5.2	7.31%	6Y 9M 29D	16Y 9M
Bandhan Government Securities Fund - Investment Plan Growth	₹36.0436 ↓ -0.01	₹1,853	1.5	2.1	0.7	6.3	3.7	7.44%	7Y 5M 16D	19Y 6M
SBI Magnum Gilt Fund Growth	₹66.8696 ↓ -0.07	₹9,629	0.7	0.8	0.2	6	4.5	6.91%	5Y 2M 26D	11Y 11M 19D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 5 May 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	ICICI Prudential Gilt Fund	UTI Gilt Fund	Axis Gilt Fund	Bandhan Government Securities Fund - Investment Plan	SBI Magnum Gilt Fund
Point 1	Upper mid AUM (₹8,858 Cr).	Bottom quartile AUM (₹543 Cr).	Bottom quartile AUM (₹447 Cr).	Lower mid AUM (₹1,853 Cr).	Highest AUM (₹9,629 Cr).
Point 2	Oldest track record among peers (26 yrs).	Established history (24+ yrs).	Established history (14+ yrs).	Established history (17+ yrs).	Established history (25+ yrs).
Point 3	Top rated.	Rating: 4★ (upper mid).	Rating: 1★ (bottom quartile).	Rating: 3★ (bottom quartile).	Rating: 4★ (lower mid).
Point 4	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderate.
Point 5	1Y return: 2.24% (upper mid).	1Y return: 2.24% (top quartile).	1Y return: 0.40% (bottom quartile).	1Y return: 0.68% (lower mid).	1Y return: 0.17% (bottom quartile).
Point 6	1M return: 2.07% (top quartile).	1M return: 1.91% (bottom quartile).	1M return: 1.92% (lower mid).	1M return: 1.93% (upper mid).	1M return: 1.52% (bottom quartile).
Point 7	Sharpe: -0.81 (upper mid).	Sharpe: -0.70 (top quartile).	Sharpe: -1.01 (bottom quartile).	Sharpe: -0.91 (lower mid).	Sharpe: -1.08 (bottom quartile).
Point 8	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 7.59% (top quartile).	Yield to maturity (debt): 6.71% (bottom quartile).	Yield to maturity (debt): 7.31% (lower mid).	Yield to maturity (debt): 7.44% (upper mid).	Yield to maturity (debt): 6.91% (bottom quartile).
Point 10	Modified duration: 8.39 yrs (bottom quartile).	Modified duration: 6.73 yrs (upper mid).	Modified duration: 6.83 yrs (lower mid).	Modified duration: 7.46 yrs (bottom quartile).	Modified duration: 5.24 yrs (top quartile).

ICICI Prudential Gilt Fund

Upper mid AUM (₹8,858 Cr).
Oldest track record among peers (26 yrs).
Top rated.
Risk profile: Moderate.
1Y return: 2.24% (upper mid).
1M return: 2.07% (top quartile).
Sharpe: -0.81 (upper mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.59% (top quartile).
Modified duration: 8.39 yrs (bottom quartile).

UTI Gilt Fund

Bottom quartile AUM (₹543 Cr).
Established history (24+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
1Y return: 2.24% (top quartile).
1M return: 1.91% (bottom quartile).
Sharpe: -0.70 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.71% (bottom quartile).
Modified duration: 6.73 yrs (upper mid).

Axis Gilt Fund

Bottom quartile AUM (₹447 Cr).
Established history (14+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderate.
1Y return: 0.40% (bottom quartile).
1M return: 1.92% (lower mid).
Sharpe: -1.01 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.31% (lower mid).
Modified duration: 6.83 yrs (lower mid).

Bandhan Government Securities Fund - Investment Plan

Lower mid AUM (₹1,853 Cr).
Established history (17+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderate.
1Y return: 0.68% (lower mid).
1M return: 1.93% (upper mid).
Sharpe: -0.91 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.44% (upper mid).
Modified duration: 7.46 yrs (bottom quartile).

SBI Magnum Gilt Fund

Highest AUM (₹9,629 Cr).
Established history (25+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderate.
1Y return: 0.17% (bottom quartile).
1M return: 1.52% (bottom quartile).
Sharpe: -1.08 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.91% (bottom quartile).
Modified duration: 5.24 yrs (top quartile).

Best Hybrid Funds 2026 - 2027

Below are the top ranked funds from difference categories like. Aggresive, Conservative, Arbitrage, Dynamic Allocation, Multi Asset, Equity Savings and solution oriented Hybrid schemes.

Top 5 Balanced Funds

No Funds available.

Top 5 Aggressive Hybrid Funds

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
BOI AXA Mid and Small Cap Equity and Debt Fund Growth	₹40.3 ↑ 0.10	₹1,282	5.5	4.9	14.2	19.7	17.4	-0.9
ICICI Prudential Equity and Debt Fund Growth	₹399.65 ↓ -1.41	₹46,700	-2.3	-1.2	5.5	17.5	18.3	13.3
JM Equity Hybrid Fund Growth	₹114.76 ↓ -0.18	₹652	-3.7	-6.2	-0.1	16	14	-3.1
Sundaram Equity Hybrid Fund Growth	₹135.137 ↑ 0.78	₹1,954	0.5	10.5	27.1	16	14.2
Bandhan Hybrid Equity Fund Growth	₹26.622 ↓ 0.00	₹1,676	-1.3	-0.9	9.3	15.1	13.2	7.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 5 May 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	BOI AXA Mid and Small Cap Equity and Debt Fund	ICICI Prudential Equity and Debt Fund	JM Equity Hybrid Fund	Sundaram Equity Hybrid Fund	Bandhan Hybrid Equity Fund
Point 1	Bottom quartile AUM (₹1,282 Cr).	Highest AUM (₹46,700 Cr).	Bottom quartile AUM (₹652 Cr).	Upper mid AUM (₹1,954 Cr).	Lower mid AUM (₹1,676 Cr).
Point 2	Established history (9+ yrs).	Established history (26+ yrs).	Oldest track record among peers (31 yrs).	Established history (25+ yrs).	Established history (9+ yrs).
Point 3	Not Rated.	Top rated.	Rating: 1★ (lower mid).	Rating: 2★ (upper mid).	Not 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: 17.39% (upper mid).	5Y return: 18.33% (top quartile).	5Y return: 14.05% (bottom quartile).	5Y return: 14.20% (lower mid).	5Y return: 13.24% (bottom quartile).
Point 6	3Y return: 19.66% (top quartile).	3Y return: 17.52% (upper mid).	3Y return: 16.04% (lower mid).	3Y return: 16.03% (bottom quartile).	3Y return: 15.09% (bottom quartile).
Point 7	1Y return: 14.20% (upper mid).	1Y return: 5.48% (bottom quartile).	1Y return: -0.14% (bottom quartile).	1Y return: 27.10% (top quartile).	1Y return: 9.34% (lower mid).
Point 8	1M return: 10.71% (top quartile).	1M return: 5.54% (bottom quartile).	1M return: 7.09% (lower mid).	1M return: 1.80% (bottom quartile).	1M return: 7.38% (upper mid).
Point 9	Alpha: 0.00 (bottom quartile).	Alpha: 2.02 (lower mid).	Alpha: -5.37 (bottom quartile).	Alpha: 5.81 (top quartile).	Alpha: 2.97 (upper mid).
Point 10	Sharpe: -0.22 (upper mid).	Sharpe: -0.33 (bottom quartile).	Sharpe: -0.95 (bottom quartile).	Sharpe: 2.64 (top quartile).	Sharpe: -0.26 (lower mid).

BOI AXA Mid and Small Cap Equity and Debt Fund

Bottom quartile AUM (₹1,282 Cr).
Established history (9+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 17.39% (upper mid).
3Y return: 19.66% (top quartile).
1Y return: 14.20% (upper mid).
1M return: 10.71% (top quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: -0.22 (upper mid).

ICICI Prudential Equity and Debt Fund

Highest AUM (₹46,700 Cr).
Established history (26+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 18.33% (top quartile).
3Y return: 17.52% (upper mid).
1Y return: 5.48% (bottom quartile).
1M return: 5.54% (bottom quartile).
Alpha: 2.02 (lower mid).
Sharpe: -0.33 (bottom quartile).

JM Equity Hybrid Fund

Bottom quartile AUM (₹652 Cr).
Oldest track record among peers (31 yrs).
Rating: 1★ (lower mid).
Risk profile: Moderately High.
5Y return: 14.05% (bottom quartile).
3Y return: 16.04% (lower mid).
1Y return: -0.14% (bottom quartile).
1M return: 7.09% (lower mid).
Alpha: -5.37 (bottom quartile).
Sharpe: -0.95 (bottom quartile).

Sundaram Equity Hybrid Fund

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

Bandhan Hybrid Equity Fund

Lower mid AUM (₹1,676 Cr).
Established history (9+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 13.24% (bottom quartile).
3Y return: 15.09% (bottom quartile).
1Y return: 9.34% (lower mid).
1M return: 7.38% (upper mid).
Alpha: 2.97 (upper mid).
Sharpe: -0.26 (lower mid).

Top 5 Conservative Hybrid Funds

No Funds available.

Top 5 Arbitrage Funds

No Funds available.

Top 5 Dynamic Allocation Funds

No Funds available.

Top 5 Multi Asset Allocation Funds

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
SBI Multi Asset Allocation Fund Growth	₹65.9119 ↓ -0.21	₹16,150	-1.5	5.1	17	17.6	14.6	18.6
ICICI Prudential Multi-Asset Fund Growth	₹801.84 ↑ 1.72	₹77,658	-3	0.8	9.4	17.4	18.8	18.6
UTI Multi Asset Fund Growth	₹77.3231 ↑ 0.02	₹6,379	-3.4	0.1	7.7	17.3	14.1	11.1
Edelweiss Multi Asset Allocation Fund Growth	₹63.5 ↓ -0.04	₹3,309	-1.3	-1.8	4.3	15	14.7	6
Axis Triple Advantage Fund Growth	₹43.6304 ↓ -0.07	₹2,065	-4.1	2.5	13.9	13.9	11	15.3
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 5 May 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	SBI Multi Asset Allocation Fund	ICICI Prudential Multi-Asset Fund	UTI Multi Asset Fund	Edelweiss Multi Asset Allocation Fund	Axis Triple Advantage Fund
Point 1	Upper mid AUM (₹16,150 Cr).	Highest AUM (₹77,658 Cr).	Lower mid AUM (₹6,379 Cr).	Bottom quartile AUM (₹3,309 Cr).	Bottom quartile AUM (₹2,065 Cr).
Point 2	Established history (20+ yrs).	Oldest track record among peers (23 yrs).	Established history (17+ yrs).	Established history (16+ yrs).	Established history (15+ yrs).
Point 3	Top rated.	Rating: 2★ (upper mid).	Rating: 1★ (bottom quartile).	Rating: 1★ (bottom quartile).	Rating: 2★ (lower mid).
Point 4	Risk profile: Moderate.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 14.57% (lower mid).	5Y return: 18.80% (top quartile).	5Y return: 14.11% (bottom quartile).	5Y return: 14.68% (upper mid).	5Y return: 11.02% (bottom quartile).
Point 6	3Y return: 17.57% (top quartile).	3Y return: 17.42% (upper mid).	3Y return: 17.27% (lower mid).	3Y return: 15.02% (bottom quartile).	3Y return: 13.86% (bottom quartile).
Point 7	1Y return: 17.00% (top quartile).	1Y return: 9.41% (lower mid).	1Y return: 7.71% (bottom quartile).	1Y return: 4.28% (bottom quartile).	1Y return: 13.92% (upper mid).
Point 8	1M return: 4.89% (bottom quartile).	1M return: 4.55% (bottom quartile).	1M return: 5.35% (upper mid).	1M return: 6.47% (top quartile).	1M return: 5.17% (lower mid).
Point 9	Alpha: 0.00 (top quartile).	Alpha: 0.00 (upper mid).	Alpha: 0.00 (lower mid).	Alpha: -0.81 (bottom quartile).	Alpha: 0.00 (bottom quartile).
Point 10	Sharpe: 0.73 (top quartile).	Sharpe: -0.01 (lower mid).	Sharpe: -0.15 (bottom quartile).	Sharpe: -0.61 (bottom quartile).	Sharpe: 0.39 (upper mid).

SBI Multi Asset Allocation Fund

Upper mid AUM (₹16,150 Cr).
Established history (20+ yrs).
Top rated.
Risk profile: Moderate.
5Y return: 14.57% (lower mid).
3Y return: 17.57% (top quartile).
1Y return: 17.00% (top quartile).
1M return: 4.89% (bottom quartile).
Alpha: 0.00 (top quartile).
Sharpe: 0.73 (top quartile).

ICICI Prudential Multi-Asset Fund

Highest AUM (₹77,658 Cr).
Oldest track record among peers (23 yrs).
Rating: 2★ (upper mid).
Risk profile: Moderately High.
5Y return: 18.80% (top quartile).
3Y return: 17.42% (upper mid).
1Y return: 9.41% (lower mid).
1M return: 4.55% (bottom quartile).
Alpha: 0.00 (upper mid).
Sharpe: -0.01 (lower mid).

UTI Multi Asset Fund

Lower mid AUM (₹6,379 Cr).
Established history (17+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 14.11% (bottom quartile).
3Y return: 17.27% (lower mid).
1Y return: 7.71% (bottom quartile).
1M return: 5.35% (upper mid).
Alpha: 0.00 (lower mid).
Sharpe: -0.15 (bottom quartile).

Edelweiss Multi Asset Allocation Fund

Bottom quartile AUM (₹3,309 Cr).
Established history (16+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 14.68% (upper mid).
3Y return: 15.02% (bottom quartile).
1Y return: 4.28% (bottom quartile).
1M return: 6.47% (top quartile).
Alpha: -0.81 (bottom quartile).
Sharpe: -0.61 (bottom quartile).

Axis Triple Advantage Fund

Bottom quartile AUM (₹2,065 Cr).
Established history (15+ yrs).
Rating: 2★ (lower mid).
Risk profile: Moderately High.
5Y return: 11.02% (bottom quartile).
3Y return: 13.86% (bottom quartile).
1Y return: 13.92% (upper mid).
1M return: 5.17% (lower mid).
Alpha: 0.00 (bottom quartile).
Sharpe: 0.39 (upper mid).

Top 5 Equity Savings Funds

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
Edelweiss Equity Savings Fund Growth	₹26.3238 ↓ -0.01	₹1,233	0.9	1.5	7.6	10.9	9.4	8
Kotak Equity Savings Fund Growth	₹27.0219 ↓ -0.05	₹9,468	0.4	0.5	6.7	10.7	10.1	7.9
SBI Equity Savings Fund Growth	₹24.4012 ↓ -0.02	₹5,609	0.1	0.4	5.2	10.4	9.1	5
Tata Equity Savings Fund Growth	₹56.3583 ↑ 0.03	₹285	-0.1	1.8	6.9	9.8	8
Axis Equity Saver Fund Growth	₹22.45	₹850	-1.1	-0.5	3.3	9.4	8.2	5.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 5 May 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	Edelweiss Equity Savings Fund	Kotak Equity Savings Fund	SBI Equity Savings Fund	Tata Equity Savings Fund	Axis Equity Saver Fund
Point 1	Lower mid AUM (₹1,233 Cr).	Highest AUM (₹9,468 Cr).	Upper mid AUM (₹5,609 Cr).	Bottom quartile AUM (₹285 Cr).	Bottom quartile AUM (₹850 Cr).
Point 2	Established history (11+ yrs).	Established history (11+ yrs).	Established history (10+ yrs).	Oldest track record among peers (28 yrs).	Established history (10+ yrs).
Point 3	Not Rated.	Not Rated.	Not Rated.	Not Rated.	Not 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: 9.45% (upper mid).	5Y return: 10.12% (top quartile).	5Y return: 9.06% (lower mid).	5Y return: 8.02% (bottom quartile).	5Y return: 8.17% (bottom quartile).
Point 6	3Y return: 10.93% (top quartile).	3Y return: 10.67% (upper mid).	3Y return: 10.43% (lower mid).	3Y return: 9.85% (bottom quartile).	3Y return: 9.41% (bottom quartile).
Point 7	1Y return: 7.58% (top quartile).	1Y return: 6.73% (lower mid).	1Y return: 5.20% (bottom quartile).	1Y return: 6.88% (upper mid).	1Y return: 3.27% (bottom quartile).
Point 8	1M return: 3.29% (upper mid).	1M return: 3.70% (top quartile).	1M return: 1.81% (bottom quartile).	1M return: 0.34% (bottom quartile).	1M return: 2.93% (lower mid).
Point 9	Alpha: 0.00 (top quartile).	Alpha: 0.00 (upper mid).	Alpha: 0.00 (lower mid).	Alpha: 0.00 (bottom quartile).	Alpha: 0.00 (bottom quartile).
Point 10	Sharpe: -0.18 (lower mid).	Sharpe: -0.25 (bottom quartile).	Sharpe: -0.10 (upper mid).	Sharpe: 0.00 (top quartile).	Sharpe: -0.73 (bottom quartile).

Edelweiss Equity Savings Fund

Lower mid AUM (₹1,233 Cr).
Established history (11+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 9.45% (upper mid).
3Y return: 10.93% (top quartile).
1Y return: 7.58% (top quartile).
1M return: 3.29% (upper mid).
Alpha: 0.00 (top quartile).
Sharpe: -0.18 (lower mid).

Kotak Equity Savings Fund

Highest AUM (₹9,468 Cr).
Established history (11+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 10.12% (top quartile).
3Y return: 10.67% (upper mid).
1Y return: 6.73% (lower mid).
1M return: 3.70% (top quartile).
Alpha: 0.00 (upper mid).
Sharpe: -0.25 (bottom quartile).

SBI Equity Savings Fund

Upper mid AUM (₹5,609 Cr).
Established history (10+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 9.06% (lower mid).
3Y return: 10.43% (lower mid).
1Y return: 5.20% (bottom quartile).
1M return: 1.81% (bottom quartile).
Alpha: 0.00 (lower mid).
Sharpe: -0.10 (upper mid).

Tata Equity Savings Fund

Bottom quartile AUM (₹285 Cr).
Oldest track record among peers (28 yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 8.02% (bottom quartile).
3Y return: 9.85% (bottom quartile).
1Y return: 6.88% (upper mid).
1M return: 0.34% (bottom quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: 0.00 (top quartile).

Axis Equity Saver Fund

Bottom quartile AUM (₹850 Cr).
Established history (10+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 8.17% (bottom quartile).
3Y return: 9.41% (bottom quartile).
1Y return: 3.27% (bottom quartile).
1M return: 2.93% (lower mid).
Alpha: 0.00 (bottom quartile).
Sharpe: -0.73 (bottom quartile).

Top 5 Gold Funds 2026 - 2027

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Smart Tips to Invest in Mutual Funds (SIP & Lump Sum)

A smart way to invest in mutual funds is by evaluating both qualitative and quantitative factors. Instead of just chasing returns, investors should focus on consistency, risk, and fund structure.

1. Scheme Asset Size (AUM)

The size of a mutual fund (Assets Under Management – AUM) plays an important role in its performance and stability. Investors should avoid funds that are:

Too small – These funds may face liquidity issues and higher risk due to limited diversification
Too large – Very large funds may struggle to generate high returns, especially in mid and small cap categories

What is an Ideal AUM Range?

While there is no fixed “perfect size”, here’s a practical benchmark:

Large cap funds: ₹20,000 crore – ₹50,000+ crore is generally healthy
mid cap funds: ₹5,000 crore – ₹20,000 crore works well
Small cap funds: ₹1,000 crore – ₹10,000 crore is considered reasonable
Debt Funds: Stability matters more, so higher AUM is usually safer

The key idea is to choose a fund that is well-established but still flexible enough to generate returns.

2. Fund Performance

To identify the best performing mutual funds, investors should evaluate performance over a longer period.

A good fund should:

Consistently beat its benchmark over 3–5 years
Perform reasonably well even during market downturns
Avoid extreme fluctuations in returns

Do not select a fund based only on 1-year or recent performance.

3. Total Expense Ratio

The expense ratio includes management fees and operational costs charged by the fund house.

Lower expense ratio = better for long-term returns
But extremely low cost should not come at the expense of performance

Ideally:

Equity Funds: Below 1% (Direct plans)
Debt Funds: Even lower is preferable

4. Investment Mode – SIP vs Lump Sum

Choosing the right investment method is equally important.

SIP (Systematic Investment plan) - Best for salaried investors and volatile markets. Helps average out cost over time
Lump Sum Investment - Suitable when markets are undervalued or during corrections

For most investors, SIP remains the safer and more disciplined approach.

5. Exit Load & Holding Period

Before investing, always check the exit load of a fund.

Most equity funds have an exit load of ~1% if redeemed within 1 year
Debt funds may have shorter exit load periods

Always align your investment horizon with the fund’s exit rules to avoid unnecessary charges.

6. Risk Level & Portfolio Fit

Every mutual fund carries a different level of risk.

Large Cap → Lower risk
Mid Cap → Moderate risk
Small Cap → High risk

Instead of investing in multiple random funds, build a balanced portfolio across categories.

Common Mistakes to Avoid

Many investors fail to generate returns due to:

Chasing short-term returns
Ignoring risk factors
Not aligning investments with goals
Frequent buying and selling

Final Thoughts

The best performing mutual fund is not the one with the highest return—but the one that aligns with your Financial goals and risk appetite.

Instead of chasing trends, focus on:

Consistency
Discipline
Long-term investing

That is how real wealth is created.

FAQs on Best Mutual Funds in India

1. Which mutual fund is best?

A: There is no single best fund. The right choice depends on your financial goals and risk tolerance.

2. How many mutual funds should I invest in?

A: Ideally, 3–5 funds are enough for proper diversification.

3. Is SIP better than lump sum?

A: SIP is better for most investors as it reduces timing risk.

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.