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Types of Mutual Funds in India

Updated on August 8, 2025 , 59635 views

The Mutual Fund industry has been in India since 1963. Today, there are more than 10,000 schemes that exist in India, and growth of the industry has been massive. The AUM of the Indian MF Industry has grown from ₹7.66 trillion as on August 31, 2013 to ₹46.63 trillion as on August 31, 2023 more than 6 fold increase in a span of 10 years. To add, the total number of folios as per MF parlance as on April 30, 20213 stood at 15.42 crore (154.2 million)

Looking at such eye-tempting growth, many people are attracted to invest, which is a great step for securing the future. Before you start, ensure your research well. It is important to know the basics of MFs such as types of Mutual Funds, risk & return, diversification, etc. MFs deploy money by investing in the stock market for equities, they also take exposure to debt instruments. Likewise, they also invest in gold, hybrid, FOFs, etc. The basics classification is by maturity period, where there are two broad categories of mutual funds - open-ended and closed-ended.

Open-ended Mutual Funds

The majority of mutual funds in India are open-ended in nature. These funds are open for subscription (or in simple terms purchase) by investors at any time. They issue new units to investors who want to get into the fund. After the initial offering period (NFO), the units of these funds can be purchased. In a rare scenario, the Asset Management Company (AMC) can stop further purchase by investors if the AMC feels that there are not enough and good opportunities to deploy the fresh monies. However, for redemption, the AMC has to buy back the units.

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Closed-ended Mutual Funds

These are funds that are closed for further subscription (or purchase) by investors after the initial offering period (NFO). Unlike, Open-ended funds, investors cannot buy fresh units of these types of mutual funds after the NFO period. Hence, investing in closed-ended funds is possible only during the NFO period. Also, one thing to note is that investors cannot exit via redemption in the closed-ended fund. The redemption takes place once the period matures. Additionally, to provide an opportunity to exit, Mutual Fund Houses list the closed-ended funds on the stock exchange. Hence, investors would need to trade the closed-ended funds on the exchange to exit them before the maturity period.

types-of-mutual-funds

Different Types of Mutual Funds

Guided by Securities and Exchange Board of India (SEBI) norms, there are five main broad categories and 36 sub-categories in Mutual Funds.

1. Equity Mutual Funds

Equity Funds make money for investors by investing in the equity stock market. This option is suitable for investors looking for long-term returns. Some of the types of equity mutual funds are-

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2024 (%)
ICICI Prudential Infrastructure Fund Growth ₹190.55
↓ -0.94
₹8,0436.27.60.629.535.927.4
HDFC Infrastructure Fund Growth ₹46.767
↓ -0.20
₹2,5916.17.9-2.229.834.123
Nippon India Small Cap Fund Growth ₹164.669
↓ -1.81
₹66,6027.84.1-4.8243426.1
Motilal Oswal Midcap 30 Fund  Growth ₹99.4516
↓ -2.77
₹33,0534.32.11.827.433.357.1
Bandhan Infrastructure Fund Growth ₹49.006
↓ -0.53
₹1,7496.15.3-10.927.932.939.3
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 8 Aug 25

Research Highlights & Commentary of 5 Funds showcased

CommentaryICICI Prudential Infrastructure FundHDFC Infrastructure FundNippon India Small Cap FundMotilal Oswal Midcap 30 Fund Bandhan Infrastructure Fund
Point 1Lower mid AUM (₹8,043 Cr).Bottom quartile AUM (₹2,591 Cr).Highest AUM (₹66,602 Cr).Upper mid AUM (₹33,053 Cr).Bottom quartile AUM (₹1,749 Cr).
Point 2Oldest track record among peers (19 yrs).Established history (17+ yrs).Established history (14+ yrs).Established history (11+ yrs).Established history (14+ yrs).
Point 3Rating: 3★ (lower mid).Rating: 3★ (bottom quartile).Rating: 4★ (upper mid).Rating: 3★ (bottom quartile).Top rated.
Point 4Risk profile: High.Risk profile: High.Risk profile: Moderately High.Risk profile: Moderately High.Risk profile: High.
Point 55Y return: 35.89% (top quartile).5Y return: 34.10% (upper mid).5Y return: 34.05% (lower mid).5Y return: 33.29% (bottom quartile).5Y return: 32.92% (bottom quartile).
Point 63Y return: 29.47% (upper mid).3Y return: 29.80% (top quartile).3Y return: 23.96% (bottom quartile).3Y return: 27.39% (bottom quartile).3Y return: 27.94% (lower mid).
Point 71Y return: 0.64% (upper mid).1Y return: -2.17% (lower mid).1Y return: -4.79% (bottom quartile).1Y return: 1.83% (top quartile).1Y return: -10.90% (bottom quartile).
Point 8Alpha: 0.00 (upper mid).Alpha: 0.00 (lower mid).Alpha: -2.86 (bottom quartile).Alpha: 3.89 (top quartile).Alpha: 0.00 (bottom quartile).
Point 9Sharpe: 0.01 (upper mid).Sharpe: -0.23 (bottom quartile).Sharpe: -0.10 (lower mid).Sharpe: 0.23 (top quartile).Sharpe: -0.29 (bottom quartile).
Point 10Information ratio: 0.00 (upper mid).Information ratio: 0.00 (lower mid).Information ratio: -0.10 (bottom quartile).Information ratio: 0.44 (top quartile).Information ratio: 0.00 (bottom quartile).

ICICI Prudential Infrastructure Fund

  • Lower mid AUM (₹8,043 Cr).
  • Oldest track record among peers (19 yrs).
  • Rating: 3★ (lower mid).
  • Risk profile: High.
  • 5Y return: 35.89% (top quartile).
  • 3Y return: 29.47% (upper mid).
  • 1Y return: 0.64% (upper mid).
  • Alpha: 0.00 (upper mid).
  • Sharpe: 0.01 (upper mid).
  • Information ratio: 0.00 (upper mid).

HDFC Infrastructure Fund

  • Bottom quartile AUM (₹2,591 Cr).
  • Established history (17+ yrs).
  • Rating: 3★ (bottom quartile).
  • Risk profile: High.
  • 5Y return: 34.10% (upper mid).
  • 3Y return: 29.80% (top quartile).
  • 1Y return: -2.17% (lower mid).
  • Alpha: 0.00 (lower mid).
  • Sharpe: -0.23 (bottom quartile).
  • Information ratio: 0.00 (lower mid).

Nippon India Small Cap Fund

  • Highest AUM (₹66,602 Cr).
  • Established history (14+ yrs).
  • Rating: 4★ (upper mid).
  • Risk profile: Moderately High.
  • 5Y return: 34.05% (lower mid).
  • 3Y return: 23.96% (bottom quartile).
  • 1Y return: -4.79% (bottom quartile).
  • Alpha: -2.86 (bottom quartile).
  • Sharpe: -0.10 (lower mid).
  • Information ratio: -0.10 (bottom quartile).

Motilal Oswal Midcap 30 Fund 

  • Upper mid AUM (₹33,053 Cr).
  • Established history (11+ yrs).
  • Rating: 3★ (bottom quartile).
  • Risk profile: Moderately High.
  • 5Y return: 33.29% (bottom quartile).
  • 3Y return: 27.39% (bottom quartile).
  • 1Y return: 1.83% (top quartile).
  • Alpha: 3.89 (top quartile).
  • Sharpe: 0.23 (top quartile).
  • Information ratio: 0.44 (top quartile).

Bandhan Infrastructure Fund

  • Bottom quartile AUM (₹1,749 Cr).
  • Established history (14+ yrs).
  • Top rated.
  • Risk profile: High.
  • 5Y return: 32.92% (bottom quartile).
  • 3Y return: 27.94% (lower mid).
  • 1Y return: -10.90% (bottom quartile).
  • Alpha: 0.00 (bottom quartile).
  • Sharpe: -0.29 (bottom quartile).
  • Information ratio: 0.00 (bottom quartile).

Large-cap funds invest in companies which have a large market capitalization (hence the name large-), usually, these are very large companies and are established players, e.g Unilever, Reliance, ITC etc. Mid-cap and small-cap funds invest in smaller companies, these companies by being smaller can show extraordinary growth and provide good returns. However, since they are small they can give losses and are riskier.

Thematic funds invest into a particular sector like infrastructure, power, media & entertainment etc. Not all mutual funds provide thematic funds, for e.g Reliance Mutual Fund provides exposure to thematic funds via its Power Sector Fund, Media and Entertainment Fund etc. ICICI Prudential Mutual Fund provides exposure to Banking & financial services sector via its ICICI Prudential Banking & Financial Services Fund, technology via the ICICI Prudential Technology Fund.

2. Debt Mutual Funds

Debt fund invest in fixed income instruments, also known as Bonds & gilts. Bonds funds are classified by their maturity period (hence the name, long term or short term). As per tenure, the risk also varies. The broad categories of debt mutual funds, such as:

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2024 (%)
DSP Credit Risk Fund Growth ₹49.8959
↓ 0.00
₹2092.21822.314.711.47.8
Aditya Birla Sun Life Credit Risk Fund Growth ₹22.5995
↑ 0.01
₹1,0142.89.116.610.59.411.9
Franklin India Ultra Short Bond Fund - Super Institutional Plan Growth ₹34.9131
↑ 0.04
₹2971.35.913.78.88.7
Aditya Birla Sun Life Medium Term Plan Growth ₹40.2634
↑ 0.01
₹2,7322.37.413.49.512.310.5
Sundaram Short Term Debt Fund Growth ₹36.3802
↑ 0.01
₹3620.811.412.85.35.6
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 8 Aug 25

Research Highlights & Commentary of 5 Funds showcased

CommentaryDSP Credit Risk FundAditya Birla Sun Life Credit Risk FundFranklin India Ultra Short Bond Fund - Super Institutional PlanAditya Birla Sun Life Medium Term PlanSundaram Short Term Debt Fund
Point 1Bottom quartile AUM (₹209 Cr).Upper mid AUM (₹1,014 Cr).Bottom quartile AUM (₹297 Cr).Highest AUM (₹2,732 Cr).Lower mid AUM (₹362 Cr).
Point 2Oldest track record among peers (22 yrs).Established history (10+ yrs).Established history (17+ yrs).Established history (16+ yrs).Established history (22+ yrs).
Point 3Top rated.Not Rated.Rating: 1★ (bottom quartile).Rating: 4★ (upper mid).Rating: 2★ (lower mid).
Point 4Risk profile: Moderate.Risk profile: Moderate.Risk profile: Moderate.Risk profile: Moderate.Risk profile: Moderately Low.
Point 51Y return: 22.33% (top quartile).1Y return: 16.57% (upper mid).1Y return: 13.69% (lower mid).1Y return: 13.37% (bottom quartile).1Y return: 12.83% (bottom quartile).
Point 61M return: 0.17% (bottom quartile).1M return: 0.61% (top quartile).1M return: 0.59% (upper mid).1M return: 0.43% (lower mid).1M return: 0.20% (bottom quartile).
Point 7Sharpe: 1.67 (bottom quartile).Sharpe: 2.40 (lower mid).Sharpe: 2.57 (upper mid).Sharpe: 3.02 (top quartile).Sharpe: 0.98 (bottom quartile).
Point 8Information 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 9Yield to maturity (debt): 6.94% (lower mid).Yield to maturity (debt): 7.76% (top quartile).Yield to maturity (debt): 0.00% (bottom quartile).Yield to maturity (debt): 7.52% (upper mid).Yield to maturity (debt): 4.52% (bottom quartile).
Point 10Modified duration: 2.08 yrs (lower mid).Modified duration: 2.15 yrs (bottom quartile).Modified duration: 0.00 yrs (top quartile).Modified duration: 3.63 yrs (bottom quartile).Modified duration: 1.20 yrs (upper mid).

DSP Credit Risk Fund

  • Bottom quartile AUM (₹209 Cr).
  • Oldest track record among peers (22 yrs).
  • Top rated.
  • Risk profile: Moderate.
  • 1Y return: 22.33% (top quartile).
  • 1M return: 0.17% (bottom quartile).
  • Sharpe: 1.67 (bottom quartile).
  • Information ratio: 0.00 (top quartile).
  • Yield to maturity (debt): 6.94% (lower mid).
  • Modified duration: 2.08 yrs (lower mid).

Aditya Birla Sun Life Credit Risk Fund

  • Upper mid AUM (₹1,014 Cr).
  • Established history (10+ yrs).
  • Not Rated.
  • Risk profile: Moderate.
  • 1Y return: 16.57% (upper mid).
  • 1M return: 0.61% (top quartile).
  • Sharpe: 2.40 (lower mid).
  • Information ratio: 0.00 (upper mid).
  • Yield to maturity (debt): 7.76% (top quartile).
  • Modified duration: 2.15 yrs (bottom quartile).

Franklin India Ultra Short Bond Fund - Super Institutional Plan

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

Aditya Birla Sun Life Medium Term Plan

  • Highest AUM (₹2,732 Cr).
  • Established history (16+ yrs).
  • Rating: 4★ (upper mid).
  • Risk profile: Moderate.
  • 1Y return: 13.37% (bottom quartile).
  • 1M return: 0.43% (lower mid).
  • Sharpe: 3.02 (top quartile).
  • Information ratio: 0.00 (bottom quartile).
  • Yield to maturity (debt): 7.52% (upper mid).
  • Modified duration: 3.63 yrs (bottom quartile).

Sundaram Short Term Debt Fund

  • Lower mid AUM (₹362 Cr).
  • Established history (22+ yrs).
  • Rating: 2★ (lower mid).
  • Risk profile: Moderately Low.
  • 1Y return: 12.83% (bottom quartile).
  • 1M return: 0.20% (bottom quartile).
  • Sharpe: 0.98 (bottom quartile).
  • Information ratio: 0.00 (bottom quartile).
  • Yield to maturity (debt): 4.52% (bottom quartile).
  • Modified duration: 1.20 yrs (upper mid).

3. Hybrid Mutual Funds

Hybrid funds are a type of mutual fund that invests both in equity and debt. They can be Balanced Fund or Monthly Income Plan (MIPs). The portion of investment is higher in equities. Some of the types of hybrid funds are:

  • Arbitrage funds
  • Dynamic Asset Allocation
  • Conservative hybrid funds
  • Balanced hybrid funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2024 (%)
JM Equity Hybrid Fund Growth ₹117.264
↓ -1.68
₹86230.1-5.720.12127
BOI AXA Mid and Small Cap Equity and Debt Fund Growth ₹37.15
↓ -0.48
₹1,2506.22.8-2.119.22425.8
ICICI Prudential Multi-Asset Fund Growth ₹750.659
↑ 0.64
₹62,01425.58.819.123.116.1
HDFC Balanced Advantage Fund Growth ₹509.362
↓ -2.81
₹102,7902.24.41.41923.316.7
ICICI Prudential Equity and Debt Fund Growth ₹385.63
↓ -2.25
₹44,5522.15.94.718.924.717.2
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 8 Aug 25

Research Highlights & Commentary of 5 Funds showcased

CommentaryJM Equity Hybrid FundBOI AXA Mid and Small Cap Equity and Debt FundICICI Prudential Multi-Asset FundHDFC Balanced Advantage FundICICI Prudential Equity and Debt Fund
Point 1Bottom quartile AUM (₹862 Cr).Bottom quartile AUM (₹1,250 Cr).Upper mid AUM (₹62,014 Cr).Highest AUM (₹102,790 Cr).Lower mid AUM (₹44,552 Cr).
Point 2Oldest track record among peers (30 yrs).Established history (9+ yrs).Established history (22+ yrs).Established history (24+ yrs).Established history (25+ yrs).
Point 3Rating: 1★ (bottom quartile).Not Rated.Rating: 2★ (lower mid).Top rated.Rating: 4★ (upper mid).
Point 4Risk profile: Moderately High.Risk profile: Moderately High.Risk profile: Moderately High.Risk profile: Moderately High.Risk profile: Moderately High.
Point 55Y return: 20.96% (bottom quartile).5Y return: 23.97% (upper mid).5Y return: 23.09% (bottom quartile).5Y return: 23.32% (lower mid).5Y return: 24.67% (top quartile).
Point 63Y return: 20.07% (top quartile).3Y return: 19.17% (upper mid).3Y return: 19.11% (lower mid).3Y return: 19.00% (bottom quartile).3Y return: 18.91% (bottom quartile).
Point 71Y return: -5.69% (bottom quartile).1Y return: -2.06% (bottom quartile).1Y return: 8.76% (top quartile).1Y return: 1.40% (lower mid).1Y return: 4.69% (upper mid).
Point 81M return: -4.34% (bottom quartile).1M return: -3.73% (bottom quartile).1M return: -1.42% (top quartile).1M return: -2.87% (lower mid).1M return: -2.22% (upper mid).
Point 9Alpha: -6.24 (bottom quartile).Alpha: 0.00 (upper mid).Alpha: 0.00 (lower mid).Alpha: 0.00 (bottom quartile).Alpha: 2.78 (top quartile).
Point 10Sharpe: -0.41 (bottom quartile).Sharpe: -0.08 (bottom quartile).Sharpe: 0.66 (top quartile).Sharpe: 0.00 (lower mid).Sharpe: 0.33 (upper mid).

JM Equity Hybrid Fund

  • Bottom quartile AUM (₹862 Cr).
  • Oldest track record among peers (30 yrs).
  • Rating: 1★ (bottom quartile).
  • Risk profile: Moderately High.
  • 5Y return: 20.96% (bottom quartile).
  • 3Y return: 20.07% (top quartile).
  • 1Y return: -5.69% (bottom quartile).
  • 1M return: -4.34% (bottom quartile).
  • Alpha: -6.24 (bottom quartile).
  • Sharpe: -0.41 (bottom quartile).

BOI AXA Mid and Small Cap Equity and Debt Fund

  • Bottom quartile AUM (₹1,250 Cr).
  • Established history (9+ yrs).
  • Not Rated.
  • Risk profile: Moderately High.
  • 5Y return: 23.97% (upper mid).
  • 3Y return: 19.17% (upper mid).
  • 1Y return: -2.06% (bottom quartile).
  • 1M return: -3.73% (bottom quartile).
  • Alpha: 0.00 (upper mid).
  • Sharpe: -0.08 (bottom quartile).

ICICI Prudential Multi-Asset Fund

  • Upper mid AUM (₹62,014 Cr).
  • Established history (22+ yrs).
  • Rating: 2★ (lower mid).
  • Risk profile: Moderately High.
  • 5Y return: 23.09% (bottom quartile).
  • 3Y return: 19.11% (lower mid).
  • 1Y return: 8.76% (top quartile).
  • 1M return: -1.42% (top quartile).
  • Alpha: 0.00 (lower mid).
  • Sharpe: 0.66 (top quartile).

HDFC Balanced Advantage Fund

  • Highest AUM (₹102,790 Cr).
  • Established history (24+ yrs).
  • Top rated.
  • Risk profile: Moderately High.
  • 5Y return: 23.32% (lower mid).
  • 3Y return: 19.00% (bottom quartile).
  • 1Y return: 1.40% (lower mid).
  • 1M return: -2.87% (lower mid).
  • Alpha: 0.00 (bottom quartile).
  • Sharpe: 0.00 (lower mid).

ICICI Prudential Equity and Debt Fund

  • Lower mid AUM (₹44,552 Cr).
  • Established history (25+ yrs).
  • Rating: 4★ (upper mid).
  • Risk profile: Moderately High.
  • 5Y return: 24.67% (top quartile).
  • 3Y return: 18.91% (bottom quartile).
  • 1Y return: 4.69% (upper mid).
  • 1M return: -2.22% (upper mid).
  • Alpha: 2.78 (top quartile).
  • Sharpe: 0.33 (upper mid).

4. Solution Oriented Schemes

Solution oriented schemes are helpful for those investors who wish to create long-term wealth that mainly includes Retirement planning and a child’s future education by investing in Mutual Funds. Earlier, these plans were a part of equity or balanced schemes, but as per SEBI’s new circulation, these funds are separately categorised under solution oriented schemes. Also these schemes used to have a lock-in for three years, but now these funds have a mandatory lock-in of five years.

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2024 (%)
HDFC Retirement Savings Fund - Equity Plan Growth ₹49.431
↓ -0.34
₹6,70123.8-0.118.524.718
ICICI Prudential Child Care Plan (Gift) Growth ₹322.33
↓ -4.78
₹1,4246.36.85.118.31916.9
HDFC Retirement Savings Fund - Hybrid - Equity Plan Growth ₹37.937
↓ -0.20
₹1,69823.71.514.617.814
Tata Retirement Savings Fund - Progressive Growth ₹63.7563
↓ -0.59
₹2,1783.83.4-1.315.416.121.7
Tata Retirement Savings Fund-Moderate Growth ₹63.1151
↓ -0.48
₹2,2303.64114.41519.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 8 Aug 25

Research Highlights & Commentary of 5 Funds showcased

CommentaryHDFC Retirement Savings Fund - Equity Plan ICICI Prudential Child Care Plan (Gift)HDFC Retirement Savings Fund - Hybrid - Equity PlanTata Retirement Savings Fund - ProgressiveTata Retirement Savings Fund-Moderate
Point 1Highest AUM (₹6,701 Cr).Bottom quartile AUM (₹1,424 Cr).Bottom quartile AUM (₹1,698 Cr).Lower mid AUM (₹2,178 Cr).Upper mid AUM (₹2,230 Cr).
Point 2Established history (9+ yrs).Oldest track record among peers (23 yrs).Established history (9+ yrs).Established history (13+ yrs).Established history (13+ yrs).
Point 3Not Rated.Rating: 2★ (lower mid).Not Rated.Top rated.Rating: 5★ (upper mid).
Point 4Risk profile: Moderately High.Risk profile: Moderately High.Risk profile: Moderately High.Risk profile: Moderately High.Risk profile: Moderately High.
Point 55Y return: 24.71% (top quartile).5Y return: 19.03% (upper mid).5Y return: 17.84% (lower mid).5Y return: 16.10% (bottom quartile).5Y return: 15.04% (bottom quartile).
Point 63Y return: 18.49% (top quartile).3Y return: 18.31% (upper mid).3Y return: 14.62% (bottom quartile).3Y return: 15.36% (lower mid).3Y return: 14.45% (bottom quartile).
Point 71Y return: -0.15% (bottom quartile).1Y return: 5.14% (top quartile).1Y return: 1.50% (upper mid).1Y return: -1.27% (bottom quartile).1Y return: 0.97% (lower mid).
Point 81M return: -3.95% (bottom quartile).1M return: -3.73% (lower mid).1M return: -3.28% (top quartile).1M return: -4.72% (bottom quartile).1M return: -3.69% (upper mid).
Point 9Alpha: -0.26 (bottom quartile).Alpha: 0.00 (upper mid).Alpha: 0.00 (lower mid).Alpha: 1.79 (top quartile).Alpha: 0.00 (bottom quartile).
Point 10Sharpe: -0.01 (bottom quartile).Sharpe: 0.19 (top quartile).Sharpe: 0.01 (bottom quartile).Sharpe: 0.12 (lower mid).Sharpe: 0.18 (upper mid).

HDFC Retirement Savings Fund - Equity Plan

  • Highest AUM (₹6,701 Cr).
  • Established history (9+ yrs).
  • Not Rated.
  • Risk profile: Moderately High.
  • 5Y return: 24.71% (top quartile).
  • 3Y return: 18.49% (top quartile).
  • 1Y return: -0.15% (bottom quartile).
  • 1M return: -3.95% (bottom quartile).
  • Alpha: -0.26 (bottom quartile).
  • Sharpe: -0.01 (bottom quartile).

ICICI Prudential Child Care Plan (Gift)

  • Bottom quartile AUM (₹1,424 Cr).
  • Oldest track record among peers (23 yrs).
  • Rating: 2★ (lower mid).
  • Risk profile: Moderately High.
  • 5Y return: 19.03% (upper mid).
  • 3Y return: 18.31% (upper mid).
  • 1Y return: 5.14% (top quartile).
  • 1M return: -3.73% (lower mid).
  • Alpha: 0.00 (upper mid).
  • Sharpe: 0.19 (top quartile).

HDFC Retirement Savings Fund - Hybrid - Equity Plan

  • Bottom quartile AUM (₹1,698 Cr).
  • Established history (9+ yrs).
  • Not Rated.
  • Risk profile: Moderately High.
  • 5Y return: 17.84% (lower mid).
  • 3Y return: 14.62% (bottom quartile).
  • 1Y return: 1.50% (upper mid).
  • 1M return: -3.28% (top quartile).
  • Alpha: 0.00 (lower mid).
  • Sharpe: 0.01 (bottom quartile).

Tata Retirement Savings Fund - Progressive

  • Lower mid AUM (₹2,178 Cr).
  • Established history (13+ yrs).
  • Top rated.
  • Risk profile: Moderately High.
  • 5Y return: 16.10% (bottom quartile).
  • 3Y return: 15.36% (lower mid).
  • 1Y return: -1.27% (bottom quartile).
  • 1M return: -4.72% (bottom quartile).
  • Alpha: 1.79 (top quartile).
  • Sharpe: 0.12 (lower mid).

Tata Retirement Savings Fund-Moderate

  • Upper mid AUM (₹2,230 Cr).
  • Established history (13+ yrs).
  • Rating: 5★ (upper mid).
  • Risk profile: Moderately High.
  • 5Y return: 15.04% (bottom quartile).
  • 3Y return: 14.45% (bottom quartile).
  • 1Y return: 0.97% (lower mid).
  • 1M return: -3.69% (upper mid).
  • Alpha: 0.00 (bottom quartile).
  • Sharpe: 0.18 (upper mid).

5. Gold Funds

The Gold mutual funds invest in gold ETFs (exchange-traded funds). Ideally suitable for investor who wants to take exposure in gold. Unlike physical gold, they are easy to purchase and redeem (buying and selling). Also, they offer transparency of price for investors for buying and selling.

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2024 (%)
SBI Gold Fund Growth ₹29.7522
↑ 0.14
₹4,4104.21845.223.611.319.6
Aditya Birla Sun Life Gold Fund Growth ₹29.5606
↑ 0.28
₹6364.317.745.423.411.318.7
Axis Gold Fund Growth ₹29.6549
↑ 0.10
₹1,1214.317.544.123.411.519.2
HDFC Gold Fund Growth ₹30.3889
↑ 0.14
₹4,2724.1184523.41118.9
ICICI Prudential Regular Gold Savings Fund Growth ₹31.5118
↑ 0.14
₹2,2744.217.945.423.311.219.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 8 Aug 25

Research Highlights & Commentary of 5 Funds showcased

CommentarySBI Gold FundAditya Birla Sun Life Gold FundAxis Gold FundHDFC Gold FundICICI Prudential Regular Gold Savings Fund
Point 1Highest AUM (₹4,410 Cr).Bottom quartile AUM (₹636 Cr).Bottom quartile AUM (₹1,121 Cr).Upper mid AUM (₹4,272 Cr).Lower mid AUM (₹2,274 Cr).
Point 2Oldest track record among peers (13 yrs).Established history (13+ yrs).Established history (13+ yrs).Established history (13+ yrs).Established history (13+ yrs).
Point 3Rating: 2★ (upper mid).Top rated.Rating: 1★ (lower mid).Rating: 1★ (bottom quartile).Rating: 1★ (bottom quartile).
Point 4Risk profile: Moderately High.Risk profile: Moderately High.Risk profile: Moderately High.Risk profile: Moderately High.Risk profile: Moderately High.
Point 55Y return: 11.27% (lower mid).5Y return: 11.33% (upper mid).5Y return: 11.47% (top quartile).5Y return: 11.05% (bottom quartile).5Y return: 11.22% (bottom quartile).
Point 63Y return: 23.59% (top quartile).3Y return: 23.44% (upper mid).3Y return: 23.43% (lower mid).3Y return: 23.39% (bottom quartile).3Y return: 23.31% (bottom quartile).
Point 71Y return: 45.21% (lower mid).1Y return: 45.36% (top quartile).1Y return: 44.12% (bottom quartile).1Y return: 45.00% (bottom quartile).1Y return: 45.35% (upper mid).
Point 81M return: 4.37% (lower mid).1M return: 4.25% (bottom quartile).1M return: 4.44% (upper mid).1M return: 4.33% (bottom quartile).1M return: 4.56% (top quartile).
Point 9Alpha: 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 10Sharpe: 1.73 (upper mid).Sharpe: 1.79 (top quartile).Sharpe: 1.70 (lower mid).Sharpe: 1.69 (bottom quartile).Sharpe: 1.67 (bottom quartile).

SBI Gold Fund

  • Highest AUM (₹4,410 Cr).
  • Oldest track record among peers (13 yrs).
  • Rating: 2★ (upper mid).
  • Risk profile: Moderately High.
  • 5Y return: 11.27% (lower mid).
  • 3Y return: 23.59% (top quartile).
  • 1Y return: 45.21% (lower mid).
  • 1M return: 4.37% (lower mid).
  • Alpha: 0.00 (top quartile).
  • Sharpe: 1.73 (upper mid).

Aditya Birla Sun Life Gold Fund

  • Bottom quartile AUM (₹636 Cr).
  • Established history (13+ yrs).
  • Top rated.
  • Risk profile: Moderately High.
  • 5Y return: 11.33% (upper mid).
  • 3Y return: 23.44% (upper mid).
  • 1Y return: 45.36% (top quartile).
  • 1M return: 4.25% (bottom quartile).
  • Alpha: 0.00 (upper mid).
  • Sharpe: 1.79 (top quartile).

Axis Gold Fund

  • Bottom quartile AUM (₹1,121 Cr).
  • Established history (13+ yrs).
  • Rating: 1★ (lower mid).
  • Risk profile: Moderately High.
  • 5Y return: 11.47% (top quartile).
  • 3Y return: 23.43% (lower mid).
  • 1Y return: 44.12% (bottom quartile).
  • 1M return: 4.44% (upper mid).
  • Alpha: 0.00 (lower mid).
  • Sharpe: 1.70 (lower mid).

HDFC Gold Fund

  • Upper mid AUM (₹4,272 Cr).
  • Established history (13+ yrs).
  • Rating: 1★ (bottom quartile).
  • Risk profile: Moderately High.
  • 5Y return: 11.05% (bottom quartile).
  • 3Y return: 23.39% (bottom quartile).
  • 1Y return: 45.00% (bottom quartile).
  • 1M return: 4.33% (bottom quartile).
  • Alpha: 0.00 (bottom quartile).
  • Sharpe: 1.69 (bottom quartile).

ICICI Prudential Regular Gold Savings Fund

  • Lower mid AUM (₹2,274 Cr).
  • Established history (13+ yrs).
  • Rating: 1★ (bottom quartile).
  • Risk profile: Moderately High.
  • 5Y return: 11.22% (bottom quartile).
  • 3Y return: 23.31% (bottom quartile).
  • 1Y return: 45.35% (upper mid).
  • 1M return: 4.56% (top quartile).
  • Alpha: 0.00 (bottom quartile).
  • Sharpe: 1.67 (bottom quartile).

Other Mutual Fund Schemes

Index Fund/Exchange Traded Fund (ETF) and fund of funds (FoFs) are categorised under other schemes.

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2024 (%)
IDBI Nifty Junior Index Fund Growth ₹48.6234
↓ -0.61
₹1004.83.3-8.815.818.926.9
ICICI Prudential Nifty Next 50 Index Fund Growth ₹57.5819
↓ -0.72
₹7,7994.63.3-8.91619.227.2
ICICI Prudential Advisor Series - Debt Management Fund Growth ₹45.2854
↑ 0.01
₹1151.34.68.58.16.58.1
Kotak Asset Allocator Fund - FOF Growth ₹231.58
↑ 0.52
₹1,8604.25.37.818.619.819
Bandhan Asset Allocation Fund of Funds - Moderate Plan Growth ₹40.0604
↓ -0.20
₹192.74.15.411.211.413.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 8 Aug 25

Research Highlights & Commentary of 5 Funds showcased

CommentaryIDBI Nifty Junior Index FundICICI Prudential Nifty Next 50 Index FundICICI Prudential Advisor Series - Debt Management FundKotak Asset Allocator Fund - FOFBandhan Asset Allocation Fund of Funds - Moderate Plan
Point 1Bottom quartile AUM (₹100 Cr).Highest AUM (₹7,799 Cr).Lower mid AUM (₹115 Cr).Upper mid AUM (₹1,860 Cr).Bottom quartile AUM (₹19 Cr).
Point 2Established history (14+ yrs).Established history (15+ yrs).Oldest track record among peers (21 yrs).Established history (21+ yrs).Established history (15+ yrs).
Point 3Top rated.Rating: 5★ (upper mid).Rating: 4★ (lower mid).Rating: 4★ (bottom quartile).Rating: 4★ (bottom quartile).
Point 4Risk profile: Moderately High.Risk profile: Moderately High.Risk profile: Moderate.Risk profile: Moderately High.Risk profile: Moderately High.
Point 55Y return: 18.87% (lower mid).5Y return: 19.16% (upper mid).5Y return: 6.52% (bottom quartile).5Y return: 19.77% (top quartile).5Y return: 11.45% (bottom quartile).
Point 63Y return: 15.76% (lower mid).3Y return: 15.95% (upper mid).3Y return: 8.07% (bottom quartile).3Y return: 18.62% (top quartile).3Y return: 11.21% (bottom quartile).
Point 71Y return: -8.75% (bottom quartile).1Y return: -8.88% (bottom quartile).1Y return: 8.48% (top quartile).1Y return: 7.76% (upper mid).1Y return: 5.41% (lower mid).
Point 81M return: -4.47% (bottom quartile).1M return: -4.47% (bottom quartile).1M return: 0.27% (top quartile).1M return: -1.98% (lower mid).1M return: -1.26% (upper mid).
Point 9Alpha: -0.96 (bottom quartile).Alpha: -1.05 (bottom quartile).Alpha: 0.00 (top quartile).Alpha: 0.00 (upper mid).Alpha: 0.00 (lower mid).
Point 10Sharpe: -0.38 (bottom quartile).Sharpe: -0.39 (bottom quartile).Sharpe: 1.79 (top quartile).Sharpe: 0.31 (upper mid).Sharpe: 0.12 (lower mid).

IDBI Nifty Junior Index Fund

  • Bottom quartile AUM (₹100 Cr).
  • Established history (14+ yrs).
  • Top rated.
  • Risk profile: Moderately High.
  • 5Y return: 18.87% (lower mid).
  • 3Y return: 15.76% (lower mid).
  • 1Y return: -8.75% (bottom quartile).
  • 1M return: -4.47% (bottom quartile).
  • Alpha: -0.96 (bottom quartile).
  • Sharpe: -0.38 (bottom quartile).

ICICI Prudential Nifty Next 50 Index Fund

  • Highest AUM (₹7,799 Cr).
  • Established history (15+ yrs).
  • Rating: 5★ (upper mid).
  • Risk profile: Moderately High.
  • 5Y return: 19.16% (upper mid).
  • 3Y return: 15.95% (upper mid).
  • 1Y return: -8.88% (bottom quartile).
  • 1M return: -4.47% (bottom quartile).
  • Alpha: -1.05 (bottom quartile).
  • Sharpe: -0.39 (bottom quartile).

ICICI Prudential Advisor Series - Debt Management Fund

  • Lower mid AUM (₹115 Cr).
  • Oldest track record among peers (21 yrs).
  • Rating: 4★ (lower mid).
  • Risk profile: Moderate.
  • 5Y return: 6.52% (bottom quartile).
  • 3Y return: 8.07% (bottom quartile).
  • 1Y return: 8.48% (top quartile).
  • 1M return: 0.27% (top quartile).
  • Alpha: 0.00 (top quartile).
  • Sharpe: 1.79 (top quartile).

Kotak Asset Allocator Fund - FOF

  • Upper mid AUM (₹1,860 Cr).
  • Established history (21+ yrs).
  • Rating: 4★ (bottom quartile).
  • Risk profile: Moderately High.
  • 5Y return: 19.77% (top quartile).
  • 3Y return: 18.62% (top quartile).
  • 1Y return: 7.76% (upper mid).
  • 1M return: -1.98% (lower mid).
  • Alpha: 0.00 (upper mid).
  • Sharpe: 0.31 (upper mid).

Bandhan Asset Allocation Fund of Funds - Moderate Plan

  • Bottom quartile AUM (₹19 Cr).
  • Established history (15+ yrs).
  • Rating: 4★ (bottom quartile).
  • Risk profile: Moderately High.
  • 5Y return: 11.45% (bottom quartile).
  • 3Y return: 11.21% (bottom quartile).
  • 1Y return: 5.41% (lower mid).
  • 1M return: -1.26% (upper mid).
  • Alpha: 0.00 (lower mid).
  • Sharpe: 0.12 (lower mid).

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SUNIL, posted on 22 May 20 8:26 PM

What is the future of mutual funds now after Covid 19, approximately how long it will take for the Sensex and Nifty to recover in January-February 2020 ?

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