Equity Mutual Funds are one of the popular instruments for Investing. It primarily invests your money in shares/stocks of different companies. The fund manager allocates funds in these companies based on the fund’s investment objective. These funds are ideally suited for investors who have a moderate to high risk appetite and are looking for long-term Investment plan. But, when it comes to choosing one ideal equity fund it can be a difficult task. With hundreds of equity mutual funds and each claiming the best returns, it is quite puzzling to zero in on one. And the tasks get difficult when you further have to choose a fund on your own. To make the process easy and quite simple for you, we have listed down the important parameters that will help you to list down good funds to invest.
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Following are the qualitative and quantitative measures to pick the ideal Equity Funds.
The credit of performance of a Mutual Fund scheme lies with the fund manager. A fund manager is responsible for making investment decisions for the fund’s Portfolio. So, investors should go through the performance of the funds managed by the particular fund manager, especially during the tough Market phases. Also, investors should give more priority to a fund manager who has an experience of managing a similar kind of funds, for example- small and mid cap. Going for a fund manager who has been consistent over his career is a preferred choice.
While choosing the Best Equity Mutual Funds to invest, always look at the quality & reputation of the fund house. A fund house with a long-standing record, large assets under management, star funds or good performing fund etc., is the one to invest in. Hence a fund house having a strong presence in the financial Industry with a consistent track record should be ideally preferred.
An investor should do a fair assessment of the funds’ performances for over a period of time. Also, it is suggested to go for a fund that consistently beats its benchmark over 4-5 years, additionally, one should see each period and see if the fund is able to beat the benchmark or not.
Investors should always go for a fund that is neither too big nor too small in size. While there is no perfect definition and relation between the size of the fund, it is said that both too small and too large, can hinder a fund’s performance. Thus, while choosing a fund, it is advisable to go for the one whose AUM (Asset Under Management) is approximately same as the category.
Investors who have Mutual Fund Investments have to bear certain charges like operation costs, management fees, etc., charged by the Asset Management Company (AMC). Generally, the expense ratio is higher for schemes that are actively managed than it is for passively managed schemes (such as Index Funds or ETFs). As per the SEBI rules, an expense ratio for equity funds are a minimum of 2.5%.However, the expense ratio is something which should not supersede other important factors such as fund performance etc. It is better to pay a higher expense ratio in a fund knowing that it will beat it competitors by a good margin.
Some of the important ratios to measure fund performance are:
Alpha– Alpha is a measure of the success of your investment or rather outperformance against the benchmark. It measures on how much the fund or stock has performed in the general market. A positive alpha of 1 means that the fund has outperformed its benchmark index by 1%, while a negative alpha of -1 would indicate that the fund has produced 1% lower returns than its market benchmark. So, basically, an investor’s strategy should be to buy securities with positive alpha.
Beta– It measures Volatility in a stock’s price or fund relative to a benchmark and is denoted in positive or negative figures. A Beta of 1 signifies that the stock’s price moves in line with the market, beta of a greater than 1 designates that the stock is riskier than the market, and a beta of less than 1 means that the stock is less risky than the market. So, lower beta is better in a falling market. In a rising market, high-beta is better.
Standard Deviation (SD- In simple terms, SD is a statistical measure representing the volatility or risk in an instrument. The higher the SD, higher will be the fluctuations in the returns.
Sharpe Ratio– Sharpe Ratio measures returns (both negative & positive) with respect to the risk taken. Here the risk is defined by the Standard Deviation. A higher Sharpe ratio means, a higher return without too much risk. Thus, while investing, investors should choose a fund that shows a higher Sharpe ratio.
Sortino Ratio– The Sortino Ratio is a variation of Sharpe Ratio. But, unlike Sharpe ratio, Sortino ratio considers only the downside or negative return. Such a ratio is helpful for investors to assess risk in a better manner than just looking at the returns to the total volatility. Upside Capture Ratio & Downside Capture Ratio– Upside/downside capture ratio guide an investor- whether a fund is outperformed i.e. gained more or lost less than a broad market benchmark- during the phase of the market upside (strong) or downside (weak), and more importantly by how much. Well, an upside ratio of over 100 means that a given fund has beaten the benchmark during the period of positive returns. And a downside ratio of less than 100 shows that a given fund has lost less than its benchmark during the phase of dull returns. So, generally, investors should go for a fund that has a lower downside capture ratio and a higher upside capture ratio.
Considering the above parameters, we have shortlisted some of the best equity funds to invest in 2025.
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2024 (%) DSP World Gold Fund Growth  ₹42.6709  
 ↑ 0.04 ₹1,421 39.4 52.5 87 46.7 17 15.9 SBI PSU Fund Growth  ₹33.967  
 ↑ 0.30 ₹5,179 7.5 9.2 6 30.4 33.5 23.5 Franklin India Opportunities Fund Growth  ₹262.098  
 ↓ -2.33 ₹7,509 3.8 10.7 6.1 29.9 28 37.3 Invesco India PSU Equity Fund Growth  ₹67.29  
 ↑ 0.88 ₹1,341 6.8 10.9 5.3 29.9 31.3 25.6 LIC MF Infrastructure Fund Growth  ₹51.4277  
 ↑ 0.35 ₹995 4.4 18.3 2.1 29.6 31.5 47.8 HDFC Infrastructure Fund Growth  ₹49.082  
 ↑ 0.24 ₹2,483 4.5 10.6 2.4 28.3 34.9 23 ICICI Prudential Infrastructure Fund Growth  ₹201.88  
 ↑ 0.82 ₹7,645 3.8 11.5 5 27.7 37.6 27.4 Nippon India Power and Infra Fund Growth  ₹358.02  
 ↑ 0.68 ₹7,175 4.4 9.9 1.3 27.3 32.9 26.9 Franklin Build India Fund Growth  ₹146.724  
 ↑ 0.56 ₹2,884 4.7 11.1 3.1 27.3 32.8 27.8 Invesco India Mid Cap Fund Growth  ₹185.95  
 ↑ 0.91 ₹8,062 3.1 17.5 13.8 27.3 28.4 43.1 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 31 Oct 25   Research Highlights & Commentary of 10 Funds showcased
Commentary DSP World Gold Fund SBI PSU Fund Franklin India Opportunities Fund Invesco India PSU Equity Fund LIC MF Infrastructure Fund HDFC Infrastructure Fund ICICI Prudential Infrastructure Fund Nippon India Power and Infra Fund Franklin Build India Fund Invesco India Mid Cap Fund Point 1 Bottom quartile AUM (₹1,421 Cr). Upper mid AUM (₹5,179 Cr). Upper mid AUM (₹7,509 Cr). Bottom quartile AUM (₹1,341 Cr). Bottom quartile AUM (₹995 Cr). Lower mid AUM (₹2,483 Cr). Top quartile AUM (₹7,645 Cr). Upper mid AUM (₹7,175 Cr). Lower mid AUM (₹2,884 Cr). Highest AUM (₹8,062 Cr). Point 2 Established history (18+ yrs). Established history (15+ yrs). Oldest track record among peers (25 yrs). Established history (15+ yrs). Established history (17+ yrs). Established history (17+ yrs). Established history (20+ yrs). Established history (21+ yrs). Established history (16+ yrs). Established history (18+ yrs). Point 3 Rating: 3★ (upper mid). Rating: 2★ (bottom quartile). Rating: 3★ (upper mid). Rating: 3★ (upper mid). Not Rated. Rating: 3★ (lower mid). Rating: 3★ (lower mid). Rating: 4★ (top quartile). Top rated. Rating: 2★ (bottom quartile). Point 4 Risk profile: High. Risk profile: High. Risk profile: Moderately High. Risk profile: High. Risk profile: High. Risk profile: High. Risk profile: High. Risk profile: High. Risk profile: High. Risk profile: Moderately High. Point 5 5Y return: 16.98% (bottom quartile). 5Y return: 33.54% (upper mid). 5Y return: 27.97% (bottom quartile). 5Y return: 31.25% (lower mid). 5Y return: 31.45% (lower mid). 5Y return: 34.92% (top quartile). 5Y return: 37.65% (top quartile). 5Y return: 32.88% (upper mid). 5Y return: 32.79% (upper mid). 5Y return: 28.35% (bottom quartile). Point 6 3Y return: 46.73% (top quartile). 3Y return: 30.35% (top quartile). 3Y return: 29.87% (upper mid). 3Y return: 29.87% (upper mid). 3Y return: 29.62% (upper mid). 3Y return: 28.29% (lower mid). 3Y return: 27.74% (lower mid). 3Y return: 27.33% (bottom quartile). 3Y return: 27.31% (bottom quartile). 3Y return: 27.28% (bottom quartile). Point 7 1Y return: 86.99% (top quartile). 1Y return: 6.04% (upper mid). 1Y return: 6.08% (upper mid). 1Y return: 5.35% (upper mid). 1Y return: 2.13% (bottom quartile). 1Y return: 2.38% (bottom quartile). 1Y return: 4.96% (lower mid). 1Y return: 1.28% (bottom quartile). 1Y return: 3.14% (lower mid). 1Y return: 13.79% (top quartile). Point 8 Alpha: 3.15 (top quartile). Alpha: -0.35 (bottom quartile). Alpha: 2.40 (upper mid). Alpha: 5.81 (top quartile). Alpha: -1.71 (bottom quartile). Alpha: 0.00 (upper mid). Alpha: 0.00 (upper mid). Alpha: -3.51 (bottom quartile). Alpha: 0.00 (lower mid). Alpha: 0.00 (lower mid). Point 9 Sharpe: 1.80 (top quartile). Sharpe: -0.81 (bottom quartile). Sharpe: -0.43 (upper mid). Sharpe: -0.58 (lower mid). Sharpe: -0.46 (upper mid). Sharpe: -0.64 (lower mid). Sharpe: -0.48 (upper mid). Sharpe: -0.66 (bottom quartile). Sharpe: -0.64 (bottom quartile). Sharpe: 0.14 (top quartile). Point 10 Information ratio: -1.09 (bottom quartile). Information ratio: -0.37 (bottom quartile). Information ratio: 1.75 (top quartile). Information ratio: -0.46 (bottom quartile). Information ratio: 0.34 (upper mid). Information ratio: 0.00 (upper mid). Information ratio: 0.00 (upper mid). Information ratio: 0.79 (top quartile). Information ratio: 0.00 (lower mid). Information ratio: 0.00 (lower mid). DSP World Gold Fund
SBI PSU Fund
Franklin India Opportunities Fund
Invesco India PSU Equity Fund
LIC MF Infrastructure Fund
HDFC Infrastructure Fund
ICICI Prudential Infrastructure Fund
Nippon India Power and Infra Fund
Franklin Build India Fund
Invesco India Mid Cap Fund
 "The primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in units of MLIIF - WGF. The Scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus. The Scheme may also invest a certain portion of its corpus in money market securities and/or units of money market/liquid schemes of DSP Merrill Lynch Mutual Fund, in order to meet liquidity requirements from time to time. However, there is no assurance that the investment objective of the Scheme will be realized."   Below is the key information for DSP World Gold Fund   Returns up to 1 year are on   The objective of the scheme would be to provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme through an active management of investments in a diversified basket of equity stocks of domestic Public Sector Undertakings and in debt and money market instruments issued by PSUs AND others.   Research Highlights for SBI PSU Fund   Below is the key information for SBI PSU Fund   Returns up to 1 year are on   The investment objective of Franklin India Opportunities Fund (FIOF) is to generate capital appreciation by capitalizing on the long-term growth opportunities in the Indian economy.   Research Highlights for Franklin India Opportunities Fund   Below is the key information for Franklin India Opportunities Fund   Returns up to 1 year are on   To generate capital appreciation by investing in Equity and Equity Related Instruments of companies where the Central / State Government(s) has majority shareholding or management control or has powers to appoint majority of directors. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.   Research Highlights for Invesco India PSU Equity Fund   Below is the key information for Invesco India PSU Equity Fund   Returns up to 1 year are on   The investment objective of the scheme is to provide long term growth from a portfolio of equity / equity related instruments of companies engaged either directly or indirectly in the infrastructure sector.   Research Highlights for LIC MF Infrastructure Fund   Below is the key information for LIC MF Infrastructure Fund   Returns up to 1 year are on   To seek long-term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in or expected to benefit from growth and development of infrastructure.   Research Highlights for HDFC Infrastructure Fund   Below is the key information for HDFC Infrastructure Fund   Returns up to 1 year are on   To generate capital appreciation and income distribution to unit holders by investing predominantly in equity/equity related securities of the companies belonging to the infrastructure development and balance in debt securities and money market instruments.   Research Highlights for ICICI Prudential Infrastructure Fund   Below is the key information for ICICI Prudential Infrastructure Fund   Returns up to 1 year are on   (Erstwhile Reliance Diversified Power Sector Fund)   The primary investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies in the power sector.   Research Highlights for Nippon India Power and Infra Fund   Below is the key information for Nippon India Power and Infra Fund   Returns up to 1 year are on   The Scheme seeks to achieve capital appreciation by investing in companies engaged directly or indirectly in infrastructure related activities.   Research Highlights for Franklin Build India Fund   Below is the key information for Franklin Build India Fund   Returns up to 1 year are on   The Scheme seeks to provide long term capital appreciation by investing in a portfolio that is predominantly constituted of equity and equity related instruments of mid cap companies. However, there can be no assurance that the funds objectives will be achieved.   Research Highlights for Invesco India Mid Cap Fund   Below is the key information for Invesco India Mid Cap Fund   Returns up to 1 year are on 1. DSP World Gold Fund
DSP World Gold Fund 
 Growth Launch Date   14 Sep 07  NAV (31 Oct 25)   ₹42.6709  ↑ 0.04   (0.10 %)  Net Assets (Cr)   ₹1,421 on 31 Aug 25  Category  Equity - Global AMC   DSP BlackRock Invmt Managers Pvt. Ltd.  Rating  ☆☆☆ Risk  High Expense Ratio  1.41 Sharpe Ratio  1.8 Information Ratio  -1.09 Alpha Ratio  3.15 Min Investment   1,000  Min SIP Investment   500  Exit Load   0-12 Months (1%),12 Months and above(NIL)   Growth of 10,000 investment over the years. 
Date Value 31 Oct 20 ₹10,000 31 Oct 21 ₹9,021 31 Oct 22 ₹6,936 31 Oct 23 ₹8,194 31 Oct 24 ₹11,716 31 Oct 25 ₹21,909  Returns for DSP World Gold Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Oct 25 Duration Returns 1 Month  -4.5%  3 Month  39.4%  6 Month  52.5%  1 Year  87%  3 Year  46.7%  5 Year  17%  10 Year    15 Year    Since launch  8.3%   Historical performance (Yearly) on absolute basis 
Year Returns 2024  15.9%  2023  7%  2022  -7.7%  2021  -9%  2020  31.4%  2019  35.1%  2018  -10.7%  2017  -4%  2016  52.7%  2015  -18.5%   Fund Manager information for DSP World Gold Fund 
Name Since Tenure Jay Kothari 1 Mar 13 12.59 Yr. Data below for DSP World Gold Fund as on 31 Aug 25 
 Equity Sector Allocation 
Sector Value Basic Materials 95.54%  Asset Allocation 
Asset Class Value Cash 1.83% Equity 95.6% Debt 0.01% Other 2.56%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  BGF World Gold I2  
Investment Fund  | -76% ₹1,268 Cr 1,456,030 
 ↓ -89,620  VanEck Gold Miners ETF  
-  | GDX23% ₹389 Cr 573,719  Treps / Reverse Repo Investments  
CBLO/Reverse Repo  | -1% ₹18 Cr  Net Receivables/Payables  
Net Current Assets  | -0% ₹3 Cr 2. SBI PSU Fund
SBI PSU Fund 
 Growth Launch Date   7 Jul 10  NAV (03 Nov 25)   ₹33.967  ↑ 0.30   (0.88 %)  Net Assets (Cr)   ₹5,179 on 31 Aug 25  Category  Equity - Sectoral AMC   SBI Funds Management Private Limited  Rating  ☆☆ Risk  High Expense Ratio  1.89 Sharpe Ratio  -0.81 Information Ratio  -0.37 Alpha Ratio  -0.35 Min Investment   5,000  Min SIP Investment   500  Exit Load   0-1 Years (1%),1 Years and above(NIL)   Growth of 10,000 investment over the years. 
Date Value 31 Oct 20 ₹10,000 31 Oct 21 ₹16,381 31 Oct 22 ₹19,173 31 Oct 23 ₹24,318 31 Oct 24 ₹40,047 31 Oct 25 ₹42,467  Returns for SBI PSU Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Oct 25 Duration Returns 1 Month  4.2%  3 Month  7.5%  6 Month  9.2%  1 Year  6%  3 Year  30.4%  5 Year  33.5%  10 Year    15 Year    Since launch  8.2%   Historical performance (Yearly) on absolute basis 
Year Returns 2024  23.5%  2023  54%  2022  29%  2021  32.4%  2020  -10%  2019  6%  2018  -23.8%  2017  21.9%  2016  16.2%  2015  -11.1%   Fund Manager information for SBI PSU Fund 
Name Since Tenure Rohit Shimpi 1 Jun 24 1.33 Yr. Data below for SBI PSU Fund as on 31 Aug 25 
 Equity Sector Allocation 
Sector Value Financial Services 36.21% Utility 29.89% Energy 13.58% Industrials 12.34% Basic Materials 5.79%  Asset Allocation 
Asset Class Value Cash 2.18% Equity 97.82%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  State Bank of India (Financial Services) 
Equity, Since 31 Jul 10 | SBIN16% ₹866 Cr 9,927,500  Bharat Electronics Ltd (Industrials) 
Equity, Since 30 Jun 24 | BEL9% ₹524 Cr 12,975,000  NTPC Ltd (Utilities) 
Equity, Since 31 Jul 10 | 5325559% ₹495 Cr 14,543,244  Power Grid Corp Of India Ltd (Utilities) 
Equity, Since 31 Jul 10 | 5328988% ₹463 Cr 16,535,554  GAIL (India) Ltd (Utilities) 
Equity, Since 31 May 24 | 5321558% ₹454 Cr 25,750,000  Bharat Petroleum Corp Ltd (Energy) 
Equity, Since 31 Aug 24 | 5005476% ₹329 Cr 9,700,000  Bank of Baroda (Financial Services) 
Equity, Since 31 Aug 24 | 5321345% ₹284 Cr 11,000,000  NMDC Ltd (Basic Materials) 
Equity, Since 31 Oct 23 | 5263714% ₹213 Cr 27,900,000  Indian Bank (Financial Services) 
Equity, Since 30 Jun 21 | 5328143% ₹182 Cr 2,427,235  Oil India Ltd (Energy) 
Equity, Since 31 Mar 24 | OIL3% ₹159 Cr 3,850,000 3. Franklin India Opportunities Fund
Franklin India Opportunities Fund 
 Growth Launch Date   21 Feb 00  NAV (31 Oct 25)   ₹262.098  ↓ -2.33   (-0.88 %)  Net Assets (Cr)   ₹7,509 on 31 Aug 25  Category  Equity - Sectoral AMC   Franklin Templeton Asst Mgmt(IND)Pvt Ltd  Rating  ☆☆☆ Risk  Moderately High Expense Ratio  1.83 Sharpe Ratio  -0.43 Information Ratio  1.75 Alpha Ratio  2.4 Min Investment   5,000  Min SIP Investment   500  Exit Load   0-1 Years (1%),1 Years and above(NIL)   Growth of 10,000 investment over the years. 
Date Value 31 Oct 20 ₹10,000 31 Oct 21 ₹16,039 31 Oct 22 ₹15,668 31 Oct 23 ₹19,891 31 Oct 24 ₹32,356 31 Oct 25 ₹34,323  Returns for Franklin India Opportunities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Oct 25 Duration Returns 1 Month  3.5%  3 Month  3.8%  6 Month  10.7%  1 Year  6.1%  3 Year  29.9%  5 Year  28%  10 Year    15 Year    Since launch  13.6%   Historical performance (Yearly) on absolute basis 
Year Returns 2024  37.3%  2023  53.6%  2022  -1.9%  2021  29.7%  2020  27.3%  2019  5.4%  2018  -10.1%  2017  35.6%  2016  4.2%  2015  2.3%   Fund Manager information for Franklin India Opportunities Fund 
Name Since Tenure Kiran Sebastian 7 Feb 22 3.65 Yr. R. Janakiraman 1 Apr 13 12.51 Yr. Sandeep Manam 18 Oct 21 3.96 Yr. Data below for Franklin India Opportunities Fund as on 31 Aug 25 
 Equity Sector Allocation 
Sector Value Consumer Cyclical 20.07% Financial Services 18.85% Health Care 12.76% Technology 11.87% Basic Materials 9.66% Communication Services 5.71% Industrials 4.42% Energy 4.34% Utility 2.78% Consumer Defensive 1.74% Real Estate 0.5%  Asset Allocation 
Asset Class Value Cash 7.28% Equity 92.71%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  HDFC Bank Ltd (Financial Services) 
Equity, Since 31 May 24 | HDFCBANK5% ₹389 Cr 4,087,942  Reliance Industries Ltd (Energy) 
Equity, Since 30 Apr 22 | RELIANCE4% ₹337 Cr 2,472,229  Axis Bank Ltd (Financial Services) 
Equity, Since 30 Apr 25 | 5322154% ₹334 Cr 2,950,277  Eternal Ltd (Consumer Cyclical) 
Equity, Since 31 Aug 23 | 5433204% ₹311 Cr 9,548,090  Maruti Suzuki India Ltd (Consumer Cyclical) 
Equity, Since 30 Apr 25 | MARUTI4% ₹272 Cr 169,582  Mahindra & Mahindra Ltd (Consumer Cyclical) 
Equity, Since 31 May 24 | M&M3% ₹219 Cr 637,966  Bharti Airtel Ltd (Communication Services) 
Equity, Since 31 Jan 24 | BHARTIARTL3% ₹218 Cr 1,158,502  Mphasis Ltd (Technology) 
Equity, Since 30 Nov 24 | 5262993% ₹216 Cr 814,231  NTPC Ltd (Utilities) 
Equity, Since 31 Aug 22 | 5325553% ₹216 Cr 6,333,312  Lemon Tree Hotels Ltd (Consumer Cyclical) 
Equity, Since 31 Aug 24 | LEMONTREE3% ₹213 Cr 12,833,401 4. Invesco India PSU Equity Fund
Invesco India PSU Equity Fund 
 Growth Launch Date   18 Nov 09  NAV (03 Nov 25)   ₹67.29  ↑ 0.88   (1.33 %)  Net Assets (Cr)   ₹1,341 on 31 Aug 25  Category  Equity - Sectoral AMC   Invesco Asset Management (India) Private Ltd  Rating  ☆☆☆ Risk  High Expense Ratio  2.14 Sharpe Ratio  -0.58 Information Ratio  -0.46 Alpha Ratio  5.81 Min Investment   5,000  Min SIP Investment   500  Exit Load   0-1 Years (1%),1 Years and above(NIL)   Growth of 10,000 investment over the years. 
Date Value 31 Oct 20 ₹10,000 31 Oct 21 ₹15,830 31 Oct 22 ₹17,783 31 Oct 23 ₹22,422 31 Oct 24 ₹36,974 31 Oct 25 ₹38,950  Returns for Invesco India PSU Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Oct 25 Duration Returns 1 Month  4.4%  3 Month  6.8%  6 Month  10.9%  1 Year  5.3%  3 Year  29.9%  5 Year  31.3%  10 Year    15 Year    Since launch  12.6%   Historical performance (Yearly) on absolute basis 
Year Returns 2024  25.6%  2023  54.5%  2022  20.5%  2021  31.1%  2020  6.1%  2019  10.1%  2018  -16.9%  2017  24.3%  2016  17.9%  2015  2.5%   Fund Manager information for Invesco India PSU Equity Fund 
Name Since Tenure Hiten Jain 1 Jul 25 0.25 Yr. Sagar Gandhi 1 Jul 25 0.25 Yr. Data below for Invesco India PSU Equity Fund as on 31 Aug 25 
 Equity Sector Allocation 
Sector Value Utility 29.05% Industrials 28.51% Financial Services 22.69% Energy 14.07% Basic Materials 4.39%  Asset Allocation 
Asset Class Value Cash 1.29% Equity 98.71%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  Bharat Electronics Ltd (Industrials) 
Equity, Since 31 Mar 17 | BEL9% ₹128 Cr 3,178,489  State Bank of India (Financial Services) 
Equity, Since 28 Feb 21 | SBIN9% ₹124 Cr 1,426,314  Bharat Petroleum Corp Ltd (Energy) 
Equity, Since 30 Sep 18 | 5005478% ₹110 Cr 3,229,041  Hindustan Aeronautics Ltd Ordinary Shares (Industrials) 
Equity, Since 31 May 22 | HAL8% ₹107 Cr 226,465  NTPC Ltd (Utilities) 
Equity, Since 31 May 19 | 5325557% ₹105 Cr 3,085,790  Power Grid Corp Of India Ltd (Utilities) 
Equity, Since 28 Feb 22 | 5328987% ₹101 Cr 3,599,413  NTPC Green Energy Ltd (Utilities) 
Equity, Since 30 Nov 24 | NTPCGREEN6% ₹85 Cr 8,790,786  NHPC Ltd (Utilities) 
Equity, Since 31 Oct 22 | NHPC5% ₹66 Cr 7,649,437  REC Ltd (Financial Services) 
Equity, Since 31 Aug 23 | 5329554% ₹55 Cr 1,485,615  GAIL (India) Ltd (Utilities) 
Equity, Since 28 Feb 23 | 5321554% ₹54 Cr 3,089,630 5. LIC MF Infrastructure Fund
LIC MF Infrastructure Fund 
 Growth Launch Date   29 Feb 08  NAV (03 Nov 25)   ₹51.4277  ↑ 0.35   (0.68 %)  Net Assets (Cr)   ₹995 on 31 Aug 25  Category  Equity - Sectoral AMC   LIC Mutual Fund Asset Mgmt Co Ltd  Rating  Risk  High Expense Ratio  2.21 Sharpe Ratio  -0.47 Information Ratio  0.34 Alpha Ratio  -1.71 Min Investment   5,000  Min SIP Investment   1,000  Exit Load   0-1 Years (1%),1 Years and above(NIL)   Growth of 10,000 investment over the years. 
Date Value 31 Oct 20 ₹10,000 31 Oct 21 ₹16,982 31 Oct 22 ₹18,599 31 Oct 23 ₹23,073 31 Oct 24 ₹39,075 31 Oct 25 ₹39,641  Returns for LIC MF Infrastructure Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Oct 25 Duration Returns 1 Month  2.8%  3 Month  4.4%  6 Month  18.3%  1 Year  2.1%  3 Year  29.6%  5 Year  31.5%  10 Year    15 Year    Since launch  9.7%   Historical performance (Yearly) on absolute basis 
Year Returns 2024  47.8%  2023  44.4%  2022  7.9%  2021  46.6%  2020  -0.1%  2019  13.3%  2018  -14.6%  2017  42.2%  2016  -2.2%  2015  -6.2%   Fund Manager information for LIC MF Infrastructure Fund 
Name Since Tenure Yogesh Patil 18 Sep 20 5.04 Yr. Mahesh Bendre 1 Jul 24 1.25 Yr. Data below for LIC MF Infrastructure Fund as on 31 Aug 25 
 Equity Sector Allocation 
Sector Value Industrials 48.29% Basic Materials 9.85% Consumer Cyclical 8.84% Financial Services 8.09% Utility 6.27% Technology 4.21% Health Care 3.5% Real Estate 3.4% Communication Services 2.81% Energy 0.96%  Asset Allocation 
Asset Class Value Cash 3.77% Equity 96.23%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  Shakti Pumps (India) Ltd (Industrials) 
Equity, Since 31 Mar 24 | SHAKTIPUMP6% ₹57 Cr 693,857  Larsen & Toubro Ltd (Industrials) 
Equity, Since 30 Apr 09 | LT4% ₹40 Cr 109,584  Afcons Infrastructure Ltd (Industrials) 
Equity, Since 31 Oct 24 | AFCONS3% ₹35 Cr 769,765  REC Ltd (Financial Services) 
Equity, Since 31 Jul 23 | 5329553% ₹34 Cr 911,009  Apollo Hospitals Enterprise Ltd (Healthcare) 
Equity, Since 30 Jun 25 | APOLLOHOSP3% ₹33 Cr 44,149 
 ↓ -2,694  Avalon Technologies Ltd (Technology) 
Equity, Since 31 Jul 23 | AVALON3% ₹31 Cr 310,615  Garware Hi-Tech Films Ltd (Basic Materials) 
Equity, Since 31 Aug 23 | 5006553% ₹28 Cr 94,287  Schneider Electric Infrastructure Ltd (Industrials) 
Equity, Since 31 Dec 23 | SCHNEIDER3% ₹26 Cr 319,302  Bharat Bijlee Ltd (Industrials) 
Equity, Since 31 Jul 22 | BBL2% ₹25 Cr 80,133 
 ↑ 5,212  Cummins India Ltd (Industrials) 
Equity, Since 31 May 21 | 5004802% ₹24 Cr 62,276 
 ↓ -5,131 6. HDFC Infrastructure Fund
HDFC Infrastructure Fund 
 Growth Launch Date   10 Mar 08  NAV (03 Nov 25)   ₹49.082  ↑ 0.24   (0.49 %)  Net Assets (Cr)   ₹2,483 on 31 Aug 25  Category  Equity - Sectoral AMC   HDFC Asset Management Company Limited  Rating  ☆☆☆ Risk  High Expense Ratio  2.06 Sharpe Ratio  -0.64 Information Ratio  0 Alpha Ratio  0 Min Investment   5,000  Min SIP Investment   300  Exit Load   0-1 Years (1%),1 Years and above(NIL)   Growth of 10,000 investment over the years. 
Date Value 31 Oct 20 ₹10,000 31 Oct 21 ₹19,027 31 Oct 22 ₹21,626 31 Oct 23 ₹29,679 31 Oct 24 ₹44,661 31 Oct 25 ₹45,504  Returns for HDFC Infrastructure Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Oct 25 Duration Returns 1 Month  2.7%  3 Month  4.5%  6 Month  10.6%  1 Year  2.4%  3 Year  28.3%  5 Year  34.9%  10 Year    15 Year    Since launch     Historical performance (Yearly) on absolute basis 
Year Returns 2024  23%  2023  55.4%  2022  19.3%  2021  43.2%  2020  -7.5%  2019  -3.4%  2018  -29%  2017  43.3%  2016  -1.9%  2015  -2.5%   Fund Manager information for HDFC Infrastructure Fund 
Name Since Tenure Srinivasan Ramamurthy 12 Jan 24 1.72 Yr. Dhruv Muchhal 22 Jun 23 2.28 Yr. Data below for HDFC Infrastructure Fund as on 31 Aug 25 
 Equity Sector Allocation 
Sector Value Industrials 38.53% Financial Services 19.18% Basic Materials 10.34% Utility 7.05% Energy 6.49% Communication Services 3.63% Real Estate 2.48% Health Care 1.76% Technology 1.57% Consumer Cyclical 0.49%  Asset Allocation 
Asset Class Value Cash 8.47% Equity 91.53%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  ICICI Bank Ltd (Financial Services) 
Equity, Since 31 Oct 09 | 5321746% ₹148 Cr 1,100,000 
 ↓ -200,000  Larsen & Toubro Ltd (Industrials) 
Equity, Since 30 Jun 12 | LT6% ₹139 Cr 380,000  HDFC Bank Ltd (Financial Services) 
Equity, Since 31 Aug 23 | HDFCBANK5% ₹133 Cr 1,400,000  Kalpataru Projects International Ltd (Industrials) 
Equity, Since 31 Jan 23 | 5222874% ₹95 Cr 758,557 
 ↑ 272  J Kumar Infraprojects Ltd (Industrials) 
Equity, Since 31 Oct 15 | JKIL4% ₹89 Cr 1,403,084 
 ↑ 3,084  InterGlobe Aviation Ltd (Industrials) 
Equity, Since 31 Dec 21 | INDIGO3% ₹84 Cr 150,000  NTPC Ltd (Utilities) 
Equity, Since 31 Dec 17 | 5325553% ₹75 Cr 2,200,646 
 ↑ 646  Reliance Industries Ltd (Energy) 
Equity, Since 31 May 24 | RELIANCE3% ₹68 Cr 500,000  Bharti Airtel Ltd (Communication Services) 
Equity, Since 30 Sep 20 | BHARTIARTL3% ₹66 Cr 350,000  State Bank of India (Financial Services) 
Equity, Since 31 Mar 08 | SBIN2% ₹61 Cr 704,361 7. ICICI Prudential Infrastructure Fund
ICICI Prudential Infrastructure Fund 
 Growth Launch Date   31 Aug 05  NAV (03 Nov 25)   ₹201.88  ↑ 0.82   (0.41 %)  Net Assets (Cr)   ₹7,645 on 31 Aug 25  Category  Equity - Sectoral AMC   ICICI Prudential Asset Management Company Limited  Rating  ☆☆☆ Risk  High Expense Ratio  1.89 Sharpe Ratio  -0.48 Information Ratio  0 Alpha Ratio  0 Min Investment   5,000  Min SIP Investment   100  Exit Load   0-1 Years (1%),1 Years and above(NIL)   Growth of 10,000 investment over the years. 
Date Value 31 Oct 20 ₹10,000 31 Oct 21 ₹19,902 31 Oct 22 ₹23,709 31 Oct 23 ₹30,130 31 Oct 24 ₹47,075 31 Oct 25 ₹49,413  Returns for ICICI Prudential Infrastructure Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Oct 25 Duration Returns 1 Month  4%  3 Month  3.8%  6 Month  11.5%  1 Year  5%  3 Year  27.7%  5 Year  37.6%  10 Year    15 Year    Since launch  16%   Historical performance (Yearly) on absolute basis 
Year Returns 2024  27.4%  2023  44.6%  2022  28.8%  2021  50.1%  2020  3.6%  2019  2.6%  2018  -14%  2017  40.8%  2016  2%  2015  -3.4%   Fund Manager information for ICICI Prudential Infrastructure Fund 
Name Since Tenure Ihab Dalwai 3 Jun 17 8.33 Yr. Sharmila D’mello 30 Jun 22 3.26 Yr. Data below for ICICI Prudential Infrastructure Fund as on 31 Aug 25 
 Equity Sector Allocation 
Sector Value Industrials 36.47% Basic Materials 15.25% Financial Services 14.68% Utility 10.24% Energy 9.47% Real Estate 2.93% Consumer Cyclical 1.84% Communication Services 1.67%  Asset Allocation 
Asset Class Value Cash 7.43% Equity 92.57%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  Larsen & Toubro Ltd (Industrials) 
Equity, Since 30 Nov 09 | LT9% ₹674 Cr 1,843,204 
 ↓ -155,750  NTPC Ltd (Utilities) 
Equity, Since 29 Feb 16 | 5325554% ₹352 Cr 10,329,473 
 ↓ -750,000  Vedanta Ltd (Basic Materials) 
Equity, Since 31 Jul 24 | 5002954% ₹293 Cr 6,279,591  Reliance Industries Ltd (Energy) 
Equity, Since 31 Jul 23 | RELIANCE4% ₹277 Cr 2,029,725  NCC Ltd (Industrials) 
Equity, Since 31 Aug 21 | NCC3% ₹271 Cr 13,053,905  Adani Ports & Special Economic Zone Ltd (Industrials) 
Equity, Since 31 May 24 | ADANIPORTS3% ₹260 Cr 1,854,934 
 ↓ -413,725  Kalpataru Projects International Ltd (Industrials) 
Equity, Since 30 Sep 06 | KPIL3% ₹226 Cr 1,803,566  Axis Bank Ltd (Financial Services) 
Equity, Since 31 Dec 20 | 5322153% ₹226 Cr 1,996,057  AIA Engineering Ltd (Industrials) 
Equity, Since 28 Feb 21 | AIAENG3% ₹202 Cr 660,770  CESC Ltd (Utilities) 
Equity, Since 30 Jun 23 | CESC2% ₹189 Cr 11,700,502 8. Nippon India Power and Infra Fund
Nippon India Power and Infra Fund 
 Growth Launch Date   8 May 04  NAV (03 Nov 25)   ₹358.02  ↑ 0.68   (0.19 %)  Net Assets (Cr)   ₹7,175 on 31 Aug 25  Category  Equity - Sectoral AMC   Nippon Life Asset Management Ltd.  Rating  ☆☆☆☆ Risk  High Expense Ratio  1.85 Sharpe Ratio  -0.66 Information Ratio  0.79 Alpha Ratio  -3.51 Min Investment   5,000  Min SIP Investment   100  Exit Load   0-1 Years (1%),1 Years and above(NIL)   Growth of 10,000 investment over the years. 
Date Value 31 Oct 20 ₹10,000 31 Oct 21 ₹18,067 31 Oct 22 ₹20,069 31 Oct 23 ₹26,247 31 Oct 24 ₹40,909 31 Oct 25 ₹41,433  Returns for Nippon India Power and Infra Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Oct 25 Duration Returns 1 Month  3.8%  3 Month  4.4%  6 Month  9.9%  1 Year  1.3%  3 Year  27.3%  5 Year  32.9%  10 Year    15 Year    Since launch  18.1%   Historical performance (Yearly) on absolute basis 
Year Returns 2024  26.9%  2023  58%  2022  10.9%  2021  48.9%  2020  10.8%  2019  -2.9%  2018  -21.1%  2017  61.7%  2016  0.1%  2015  0.3%   Fund Manager information for Nippon India Power and Infra Fund 
Name Since Tenure Kinjal Desai 25 May 18 7.36 Yr. Rahul Modi 19 Aug 24 1.12 Yr. Data below for Nippon India Power and Infra Fund as on 31 Aug 25 
 Equity Sector Allocation 
Sector Value Industrials 32.83% Utility 24.03% Energy 9.35% Basic Materials 7.89% Consumer Cyclical 7.49% Communication Services 5.9% Technology 4.94% Real Estate 2.68% Financial Services 2.23% Health Care 2.12%  Asset Allocation 
Asset Class Value Cash 0.53% Equity 99.47%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  Reliance Industries Ltd (Energy) 
Equity, Since 30 Nov 18 | RELIANCE8% ₹583 Cr 4,275,000  NTPC Ltd (Utilities) 
Equity, Since 31 May 09 | 5325558% ₹579 Cr 17,000,000 
 ↑ 300,001  Bharti Airtel Ltd (Communication Services) 
Equity, Since 30 Apr 18 | BHARTIARTL6% ₹432 Cr 2,300,000 
 ↓ -250,000  Larsen & Toubro Ltd (Industrials) 
Equity, Since 30 Nov 07 | LT6% ₹415 Cr 1,134,337 
 ↓ -39,000  Tata Power Co Ltd (Utilities) 
Equity, Since 30 Apr 23 | 5004004% ₹307 Cr 7,900,789  CG Power & Industrial Solutions Ltd (Industrials) 
Equity, Since 30 Sep 24 | 5000933% ₹250 Cr 3,370,014 
 ↓ -247,000  Bharat Heavy Electricals Ltd (Industrials) 
Equity, Since 30 Sep 24 | 5001033% ₹222 Cr 9,300,838 
 ↑ 400,000  UltraTech Cement Ltd (Basic Materials) 
Equity, Since 31 Oct 19 | 5325383% ₹208 Cr 170,000 
 ↓ -5,000  Kaynes Technology India Ltd (Technology) 
Equity, Since 30 Nov 22 | KAYNES2% ₹176 Cr 250,113 
 ↓ -86,114  Carborundum Universal Ltd (Industrials) 
Equity, Since 30 Sep 23 | CARBORUNIV2% ₹166 Cr 1,800,000 9. Franklin Build India Fund
Franklin Build India Fund 
 Growth Launch Date   4 Sep 09  NAV (03 Nov 25)   ₹146.724  ↑ 0.56   (0.38 %)  Net Assets (Cr)   ₹2,884 on 31 Aug 25  Category  Equity - Sectoral AMC   Franklin Templeton Asst Mgmt(IND)Pvt Ltd  Rating  ☆☆☆☆☆ Risk  High Expense Ratio  2.01 Sharpe Ratio  -0.64 Information Ratio  0 Alpha Ratio  0 Min Investment   5,000  Min SIP Investment   500  Exit Load   0-1 Years (1%),1 Years and above(NIL)   Growth of 10,000 investment over the years. 
Date Value 31 Oct 20 ₹10,000 31 Oct 21 ₹18,842 31 Oct 22 ₹20,613 31 Oct 23 ₹26,259 31 Oct 24 ₹41,161 31 Oct 25 ₹42,290  Returns for Franklin Build India Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Oct 25 Duration Returns 1 Month  3.5%  3 Month  4.7%  6 Month  11.1%  1 Year  3.1%  3 Year  27.3%  5 Year  32.8%  10 Year    15 Year    Since launch  18.1%   Historical performance (Yearly) on absolute basis 
Year Returns 2024  27.8%  2023  51.1%  2022  11.2%  2021  45.9%  2020  5.4%  2019  6%  2018  -10.7%  2017  43.3%  2016  8.4%  2015  2.1%   Fund Manager information for Franklin Build India Fund 
Name Since Tenure Ajay Argal 18 Oct 21 3.96 Yr. Kiran Sebastian 7 Feb 22 3.65 Yr. Sandeep Manam 18 Oct 21 3.96 Yr. Data below for Franklin Build India Fund as on 31 Aug 25 
 Equity Sector Allocation 
Sector Value Industrials 35.44% Utility 14.2% Financial Services 13.18% Energy 12.89% Communication Services 7.62% Basic Materials 5.03% Real Estate 3.16% Consumer Cyclical 2.74% Technology 2.21%  Asset Allocation 
Asset Class Value Cash 3.52% Equity 96.48%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  Larsen & Toubro Ltd (Industrials) 
Equity, Since 29 Feb 20 | LT8% ₹243 Cr 665,000  InterGlobe Aviation Ltd (Industrials) 
Equity, Since 29 Feb 20 | INDIGO6% ₹176 Cr 315,000 
 ↑ 15,000  Reliance Industries Ltd (Energy) 
Equity, Since 31 Oct 21 | RELIANCE6% ₹164 Cr 1,200,000  Oil & Natural Gas Corp Ltd (Energy) 
Equity, Since 30 Jun 19 | 5003126% ₹163 Cr 6,825,000  ICICI Bank Ltd (Financial Services) 
Equity, Since 31 Mar 12 | ICICIBANK5% ₹162 Cr 1,200,000  NTPC Ltd (Utilities) 
Equity, Since 30 Nov 16 | 5325555% ₹148 Cr 4,350,000  Bharti Airtel Ltd (Communication Services) 
Equity, Since 30 Sep 09 | BHARTIARTL5% ₹133 Cr 710,000  Axis Bank Ltd (Financial Services) 
Equity, Since 31 Mar 12 | 5322154% ₹113 Cr 1,000,000  Power Grid Corp Of India Ltd (Utilities) 
Equity, Since 28 Feb 21 | 5328983% ₹101 Cr 3,600,000  GAIL (India) Ltd (Utilities) 
Equity, Since 31 Jan 25 | 5321553% ₹92 Cr 5,200,000 
 ↑ 400,000 10. Invesco India Mid Cap Fund
Invesco India Mid Cap Fund 
 Growth Launch Date   19 Apr 07  NAV (03 Nov 25)   ₹185.95  ↑ 0.91   (0.49 %)  Net Assets (Cr)   ₹8,062 on 31 Aug 25  Category  Equity - Mid Cap AMC   Invesco Asset Management (India) Private Ltd  Rating  ☆☆ Risk  Moderately High Expense Ratio  1.82 Sharpe Ratio  0.14 Information Ratio  0 Alpha Ratio  0 Min Investment   5,000  Min SIP Investment   500  Exit Load   0-1 Years (1%),1 Years and above(NIL)   Growth of 10,000 investment over the years. 
Date Value 31 Oct 20 ₹10,000 31 Oct 21 ₹16,521 31 Oct 22 ₹16,892 31 Oct 23 ₹19,784 31 Oct 24 ₹30,612 31 Oct 25 ₹34,834  Returns for Invesco India Mid Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Oct 25 Duration Returns 1 Month  4.4%  3 Month  3.1%  6 Month  17.5%  1 Year  13.8%  3 Year  27.3%  5 Year  28.4%  10 Year    15 Year    Since launch  17%   Historical performance (Yearly) on absolute basis 
Year Returns 2024  43.1%  2023  34.1%  2022  0.5%  2021  43.1%  2020  24.4%  2019  3.8%  2018  -5.3%  2017  44.3%  2016  1.1%  2015  6.4%   Fund Manager information for Invesco India Mid Cap Fund 
Name Since Tenure Aditya Khemani 9 Nov 23 1.9 Yr. Amit Ganatra 1 Sep 23 2.08 Yr. Data below for Invesco India Mid Cap Fund as on 31 Aug 25 
 Equity Sector Allocation 
Sector Value Financial Services 31.64% Health Care 18.35% Consumer Cyclical 17.8% Industrials 9.75% Technology 8.7% Real Estate 7.62% Basic Materials 4.47% Communication Services 1.35%  Asset Allocation 
Asset Class Value Cash 0.32% Equity 99.68%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  Swiggy Ltd (Consumer Cyclical) 
Equity, Since 30 Nov 24 | SWIGGY5% ₹438 Cr 10,362,004 
 ↑ 598,276  AU Small Finance Bank Ltd (Financial Services) 
Equity, Since 31 Jul 25 | 5406115% ₹434 Cr 5,936,790 
 ↑ 2,043,536  L&T Finance Ltd (Financial Services) 
Equity, Since 31 Dec 23 | LTF5% ₹420 Cr 16,854,973  Prestige Estates Projects Ltd (Real Estate) 
Equity, Since 30 Nov 23 | PRESTIGE4% ₹365 Cr 2,418,811 
 ↑ 239,266  Max Financial Services Ltd (Financial Services) 
Equity, Since 30 Nov 23 | 5002714% ₹331 Cr 2,098,631 
 ↑ 67,332  Glenmark Pharmaceuticals Ltd (Healthcare) 
Equity, Since 31 Mar 24 | 5322964% ₹327 Cr 1,676,417  BSE Ltd (Financial Services) 
Equity, Since 31 Dec 23 | BSE4% ₹310 Cr 1,519,233  JK Cement Ltd (Basic Materials) 
Equity, Since 31 Oct 22 | JKCEMENT4% ₹301 Cr 477,753 
 ↑ 14,476  Global Health Ltd (Healthcare) 
Equity, Since 30 Nov 23 | MEDANTA3% ₹289 Cr 2,201,928 
 ↑ 412,603  The Federal Bank Ltd (Financial Services) 
Equity, Since 31 Oct 22 | FEDERALBNK3% ₹282 Cr 14,592,638 
Research Highlights for DSP World Gold Fund