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Types of Mutual Funds in India

Updated on October 6, 2025 , 60005 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 ₹195.43
↓ -0.96
₹7,645-2.114.6028.237.127.4
HDFC Infrastructure Fund Growth ₹47.761
↓ -0.23
₹2,483-1.113.2-1.327.934.523
Franklin Build India Fund Growth ₹141.649
↓ -0.83
₹2,884-1.514.2-0.727.633.227.8
Bandhan Infrastructure Fund Growth ₹49.411
↓ -0.30
₹1,613-4.211.8-8.826.333.139.3
DSP India T.I.G.E.R Fund Growth ₹312.807
↓ -2.15
₹5,303-2.314.1-7.625.832.932.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 8 Oct 25

Research Highlights & Commentary of 5 Funds showcased

CommentaryICICI Prudential Infrastructure FundHDFC Infrastructure FundFranklin Build India FundBandhan Infrastructure FundDSP India T.I.G.E.R Fund
Point 1Highest AUM (₹7,645 Cr).Bottom quartile AUM (₹2,483 Cr).Lower mid AUM (₹2,884 Cr).Bottom quartile AUM (₹1,613 Cr).Upper mid AUM (₹5,303 Cr).
Point 2Established history (20+ yrs).Established history (17+ yrs).Established history (16+ yrs).Established history (14+ yrs).Oldest track record among peers (21 yrs).
Point 3Rating: 3★ (bottom quartile).Rating: 3★ (bottom quartile).Top rated.Rating: 5★ (upper mid).Rating: 4★ (lower mid).
Point 4Risk profile: High.Risk profile: High.Risk profile: High.Risk profile: High.Risk profile: High.
Point 55Y return: 37.12% (top quartile).5Y return: 34.54% (upper mid).5Y return: 33.23% (lower mid).5Y return: 33.05% (bottom quartile).5Y return: 32.86% (bottom quartile).
Point 63Y return: 28.20% (top quartile).3Y return: 27.88% (upper mid).3Y return: 27.58% (lower mid).3Y return: 26.32% (bottom quartile).3Y return: 25.84% (bottom quartile).
Point 71Y return: -0.03% (top quartile).1Y return: -1.27% (lower mid).1Y return: -0.68% (upper mid).1Y return: -8.77% (bottom quartile).1Y return: -7.57% (bottom quartile).
Point 8Alpha: 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 9Sharpe: -0.48 (top quartile).Sharpe: -0.64 (upper mid).Sharpe: -0.64 (lower mid).Sharpe: -0.71 (bottom quartile).Sharpe: -0.71 (bottom quartile).
Point 10Information 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).

ICICI Prudential Infrastructure Fund

  • Highest AUM (₹7,645 Cr).
  • Established history (20+ yrs).
  • Rating: 3★ (bottom quartile).
  • Risk profile: High.
  • 5Y return: 37.12% (top quartile).
  • 3Y return: 28.20% (top quartile).
  • 1Y return: -0.03% (top quartile).
  • Alpha: 0.00 (top quartile).
  • Sharpe: -0.48 (top quartile).
  • Information ratio: 0.00 (top quartile).

HDFC Infrastructure Fund

  • Bottom quartile AUM (₹2,483 Cr).
  • Established history (17+ yrs).
  • Rating: 3★ (bottom quartile).
  • Risk profile: High.
  • 5Y return: 34.54% (upper mid).
  • 3Y return: 27.88% (upper mid).
  • 1Y return: -1.27% (lower mid).
  • Alpha: 0.00 (upper mid).
  • Sharpe: -0.64 (upper mid).
  • Information ratio: 0.00 (upper mid).

Franklin Build India Fund

  • Lower mid AUM (₹2,884 Cr).
  • Established history (16+ yrs).
  • Top rated.
  • Risk profile: High.
  • 5Y return: 33.23% (lower mid).
  • 3Y return: 27.58% (lower mid).
  • 1Y return: -0.68% (upper mid).
  • Alpha: 0.00 (lower mid).
  • Sharpe: -0.64 (lower mid).
  • Information ratio: 0.00 (lower mid).

Bandhan Infrastructure Fund

  • Bottom quartile AUM (₹1,613 Cr).
  • Established history (14+ yrs).
  • Rating: 5★ (upper mid).
  • Risk profile: High.
  • 5Y return: 33.05% (bottom quartile).
  • 3Y return: 26.32% (bottom quartile).
  • 1Y return: -8.77% (bottom quartile).
  • Alpha: 0.00 (bottom quartile).
  • Sharpe: -0.71 (bottom quartile).
  • Information ratio: 0.00 (bottom quartile).

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

  • Upper mid AUM (₹5,303 Cr).
  • Oldest track record among peers (21 yrs).
  • Rating: 4★ (lower mid).
  • Risk profile: High.
  • 5Y return: 32.86% (bottom quartile).
  • 3Y return: 25.84% (bottom quartile).
  • 1Y return: -7.57% (bottom quartile).
  • Alpha: 0.00 (bottom quartile).
  • Sharpe: -0.71 (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 ₹50.3196
↑ 0.01
₹20713.821.914.911.17.8
Aditya Birla Sun Life Credit Risk Fund Growth ₹22.9575
↑ 0.00
₹1,0442.25.216.410.89.411.9
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 ₹40.766
↑ 0.01
₹2,8761.74.413.19.61210.5
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 Oct 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 (₹207 Cr).Upper mid AUM (₹1,044 Cr).Bottom quartile AUM (₹297 Cr).Highest AUM (₹2,876 Cr).Lower mid AUM (₹362 Cr).
Point 2Established history (22+ yrs).Established history (10+ yrs).Established history (17+ yrs).Established history (16+ yrs).Oldest track record among peers (23 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: 21.85% (top quartile).1Y return: 16.36% (upper mid).1Y return: 13.69% (lower mid).1Y return: 13.09% (bottom quartile).1Y return: 12.83% (bottom quartile).
Point 61M return: 0.61% (lower mid).1M return: 1.20% (top quartile).1M return: 0.59% (bottom quartile).1M return: 1.08% (upper mid).1M return: 0.20% (bottom quartile).
Point 7Sharpe: 1.56 (bottom quartile).Sharpe: 2.29 (lower mid).Sharpe: 2.57 (top quartile).Sharpe: 2.36 (upper mid).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): 6.99% (lower mid).Yield to maturity (debt): 7.78% (top quartile).Yield to maturity (debt): 0.00% (bottom quartile).Yield to maturity (debt): 7.51% (upper mid).Yield to maturity (debt): 4.52% (bottom quartile).
Point 10Modified duration: 1.91 yrs (lower mid).Modified duration: 2.10 yrs (bottom quartile).Modified duration: 0.00 yrs (top quartile).Modified duration: 3.38 yrs (bottom quartile).Modified duration: 1.20 yrs (upper mid).

DSP Credit Risk Fund

  • Bottom quartile AUM (₹207 Cr).
  • Established history (22+ yrs).
  • Top rated.
  • Risk profile: Moderate.
  • 1Y return: 21.85% (top quartile).
  • 1M return: 0.61% (lower mid).
  • Sharpe: 1.56 (bottom quartile).
  • Information ratio: 0.00 (top quartile).
  • Yield to maturity (debt): 6.99% (lower mid).
  • Modified duration: 1.91 yrs (lower mid).

Aditya Birla Sun Life Credit Risk Fund

  • Upper mid AUM (₹1,044 Cr).
  • Established history (10+ yrs).
  • Not Rated.
  • Risk profile: Moderate.
  • 1Y return: 16.36% (upper mid).
  • 1M return: 1.20% (top quartile).
  • Sharpe: 2.29 (lower mid).
  • Information ratio: 0.00 (upper mid).
  • Yield to maturity (debt): 7.78% (top quartile).
  • Modified duration: 2.10 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% (bottom quartile).
  • Sharpe: 2.57 (top quartile).
  • 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 (₹2,876 Cr).
  • Established history (16+ yrs).
  • Rating: 4★ (upper mid).
  • Risk profile: Moderate.
  • 1Y return: 13.09% (bottom quartile).
  • 1M return: 1.08% (upper mid).
  • Sharpe: 2.36 (upper mid).
  • Information ratio: 0.00 (bottom quartile).
  • Yield to maturity (debt): 7.51% (upper mid).
  • Modified duration: 3.38 yrs (bottom quartile).

Sundaram Short Term Debt Fund

  • Lower mid AUM (₹362 Cr).
  • Oldest track record among peers (23 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 ₹120.877
↓ -0.48
₹804-1.49.8-4.520.420.927
ICICI Prudential Multi-Asset Fund Growth ₹786.509
↑ 0.70
₹64,7703.31310.319.925.116.1
ICICI Prudential Equity and Debt Fund Growth ₹400.28
↓ -1.33
₹45,1681.511.25.319.825.917.2
HDFC Balanced Advantage Fund Growth ₹520.935
↓ -0.95
₹101,080-0.78.62.819.124.216.7
UTI Multi Asset Fund Growth ₹76.1035
↑ 0.13
₹5,9411.611.73.919.115.820.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 8 Oct 25

Research Highlights & Commentary of 5 Funds showcased

CommentaryJM Equity Hybrid FundICICI Prudential Multi-Asset FundICICI Prudential Equity and Debt FundHDFC Balanced Advantage FundUTI Multi Asset Fund
Point 1Bottom quartile AUM (₹804 Cr).Upper mid AUM (₹64,770 Cr).Lower mid AUM (₹45,168 Cr).Highest AUM (₹101,080 Cr).Bottom quartile AUM (₹5,941 Cr).
Point 2Oldest track record among peers (30 yrs).Established history (22+ yrs).Established history (25+ yrs).Established history (25+ yrs).Established history (16+ yrs).
Point 3Rating: 1★ (bottom quartile).Rating: 2★ (lower mid).Top rated.Rating: 4★ (upper mid).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: 20.88% (bottom quartile).5Y return: 25.09% (upper mid).5Y return: 25.94% (top quartile).5Y return: 24.18% (lower mid).5Y return: 15.75% (bottom quartile).
Point 63Y return: 20.42% (top quartile).3Y return: 19.90% (upper mid).3Y return: 19.76% (lower mid).3Y return: 19.12% (bottom quartile).3Y return: 19.09% (bottom quartile).
Point 71Y return: -4.52% (bottom quartile).1Y return: 10.31% (top quartile).1Y return: 5.30% (upper mid).1Y return: 2.75% (bottom quartile).1Y return: 3.90% (lower mid).
Point 81M return: 0.84% (bottom quartile).1M return: 2.73% (top quartile).1M return: 1.11% (bottom quartile).1M return: 1.54% (lower mid).1M return: 1.76% (upper mid).
Point 9Alpha: -8.63 (bottom quartile).Alpha: 0.00 (upper mid).Alpha: 2.96 (top quartile).Alpha: 0.00 (lower mid).Alpha: 0.00 (bottom quartile).
Point 10Sharpe: -1.21 (bottom quartile).Sharpe: 0.08 (top quartile).Sharpe: -0.29 (upper mid).Sharpe: -0.76 (bottom quartile).Sharpe: -0.52 (lower mid).

JM Equity Hybrid Fund

  • Bottom quartile AUM (₹804 Cr).
  • Oldest track record among peers (30 yrs).
  • Rating: 1★ (bottom quartile).
  • Risk profile: Moderately High.
  • 5Y return: 20.88% (bottom quartile).
  • 3Y return: 20.42% (top quartile).
  • 1Y return: -4.52% (bottom quartile).
  • 1M return: 0.84% (bottom quartile).
  • Alpha: -8.63 (bottom quartile).
  • Sharpe: -1.21 (bottom quartile).

ICICI Prudential Multi-Asset Fund

  • Upper mid AUM (₹64,770 Cr).
  • Established history (22+ yrs).
  • Rating: 2★ (lower mid).
  • Risk profile: Moderately High.
  • 5Y return: 25.09% (upper mid).
  • 3Y return: 19.90% (upper mid).
  • 1Y return: 10.31% (top quartile).
  • 1M return: 2.73% (top quartile).
  • Alpha: 0.00 (upper mid).
  • Sharpe: 0.08 (top quartile).

ICICI Prudential Equity and Debt Fund

  • Lower mid AUM (₹45,168 Cr).
  • Established history (25+ yrs).
  • Top rated.
  • Risk profile: Moderately High.
  • 5Y return: 25.94% (top quartile).
  • 3Y return: 19.76% (lower mid).
  • 1Y return: 5.30% (upper mid).
  • 1M return: 1.11% (bottom quartile).
  • Alpha: 2.96 (top quartile).
  • Sharpe: -0.29 (upper mid).

HDFC Balanced Advantage Fund

  • Highest AUM (₹101,080 Cr).
  • Established history (25+ yrs).
  • Rating: 4★ (upper mid).
  • Risk profile: Moderately High.
  • 5Y return: 24.18% (lower mid).
  • 3Y return: 19.12% (bottom quartile).
  • 1Y return: 2.75% (bottom quartile).
  • 1M return: 1.54% (lower mid).
  • Alpha: 0.00 (lower mid).
  • Sharpe: -0.76 (bottom quartile).

UTI Multi Asset Fund

  • Bottom quartile AUM (₹5,941 Cr).
  • Established history (16+ yrs).
  • Rating: 1★ (bottom quartile).
  • Risk profile: Moderately High.
  • 5Y return: 15.75% (bottom quartile).
  • 3Y return: 19.09% (bottom quartile).
  • 1Y return: 3.90% (lower mid).
  • 1M return: 1.76% (upper mid).
  • Alpha: 0.00 (bottom quartile).
  • Sharpe: -0.52 (lower 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 ₹50.645
↓ -0.18
₹6,584-1.611.4-0.618.62418
ICICI Prudential Child Care Plan (Gift) Growth ₹327.82
↓ -1.33
₹1,373-2.114.13.218.218.616.9
HDFC Retirement Savings Fund - Hybrid - Equity Plan Growth ₹38.734
↓ -0.10
₹1,660-1.29.20.815.117.314
Tata Retirement Savings Fund - Progressive Growth ₹64.6362
↓ -0.21
₹2,047-3.412.5-3.11515.221.7
Tata Retirement Savings Fund-Moderate Growth ₹64.088
↓ -0.19
₹2,115-2.211.2-0.214.214.419.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 8 Oct 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 (₹6,584 Cr).Bottom quartile AUM (₹1,373 Cr).Bottom quartile AUM (₹1,660 Cr).Lower mid AUM (₹2,047 Cr).Upper mid AUM (₹2,115 Cr).
Point 2Established history (9+ yrs).Oldest track record among peers (24 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: 23.98% (top quartile).5Y return: 18.57% (upper mid).5Y return: 17.27% (lower mid).5Y return: 15.21% (bottom quartile).5Y return: 14.37% (bottom quartile).
Point 63Y return: 18.63% (top quartile).3Y return: 18.18% (upper mid).3Y return: 15.07% (lower mid).3Y return: 15.02% (bottom quartile).3Y return: 14.21% (bottom quartile).
Point 71Y return: -0.58% (bottom quartile).1Y return: 3.17% (top quartile).1Y return: 0.80% (upper mid).1Y return: -3.12% (bottom quartile).1Y return: -0.20% (lower mid).
Point 81M return: 1.12% (upper mid).1M return: -0.31% (bottom quartile).1M return: 1.16% (top quartile).1M return: -0.12% (bottom quartile).1M return: 0.12% (lower mid).
Point 9Alpha: -1.34 (bottom quartile).Alpha: 0.00 (top quartile).Alpha: 0.00 (upper mid).Alpha: -0.19 (bottom quartile).Alpha: 0.00 (lower mid).
Point 10Sharpe: -0.72 (bottom quartile).Sharpe: -0.26 (top quartile).Sharpe: -0.74 (bottom quartile).Sharpe: -0.60 (lower mid).Sharpe: -0.56 (upper mid).

HDFC Retirement Savings Fund - Equity Plan

  • Highest AUM (₹6,584 Cr).
  • Established history (9+ yrs).
  • Not Rated.
  • Risk profile: Moderately High.
  • 5Y return: 23.98% (top quartile).
  • 3Y return: 18.63% (top quartile).
  • 1Y return: -0.58% (bottom quartile).
  • 1M return: 1.12% (upper mid).
  • Alpha: -1.34 (bottom quartile).
  • Sharpe: -0.72 (bottom quartile).

ICICI Prudential Child Care Plan (Gift)

  • Bottom quartile AUM (₹1,373 Cr).
  • Oldest track record among peers (24 yrs).
  • Rating: 2★ (lower mid).
  • Risk profile: Moderately High.
  • 5Y return: 18.57% (upper mid).
  • 3Y return: 18.18% (upper mid).
  • 1Y return: 3.17% (top quartile).
  • 1M return: -0.31% (bottom quartile).
  • Alpha: 0.00 (top quartile).
  • Sharpe: -0.26 (top quartile).

HDFC Retirement Savings Fund - Hybrid - Equity Plan

  • Bottom quartile AUM (₹1,660 Cr).
  • Established history (9+ yrs).
  • Not Rated.
  • Risk profile: Moderately High.
  • 5Y return: 17.27% (lower mid).
  • 3Y return: 15.07% (lower mid).
  • 1Y return: 0.80% (upper mid).
  • 1M return: 1.16% (top quartile).
  • Alpha: 0.00 (upper mid).
  • Sharpe: -0.74 (bottom quartile).

Tata Retirement Savings Fund - Progressive

  • Lower mid AUM (₹2,047 Cr).
  • Established history (13+ yrs).
  • Top rated.
  • Risk profile: Moderately High.
  • 5Y return: 15.21% (bottom quartile).
  • 3Y return: 15.02% (bottom quartile).
  • 1Y return: -3.12% (bottom quartile).
  • 1M return: -0.12% (bottom quartile).
  • Alpha: -0.19 (bottom quartile).
  • Sharpe: -0.60 (lower mid).

Tata Retirement Savings Fund-Moderate

  • Upper mid AUM (₹2,115 Cr).
  • Established history (13+ yrs).
  • Rating: 5★ (upper mid).
  • Risk profile: Moderately High.
  • 5Y return: 14.37% (bottom quartile).
  • 3Y return: 14.21% (bottom quartile).
  • 1Y return: -0.20% (lower mid).
  • 1M return: 0.12% (lower mid).
  • Alpha: 0.00 (lower mid).
  • Sharpe: -0.56 (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 (%)
IDBI Gold Fund Growth ₹31.9583
↑ 0.72
₹25425.138.159.731.518.618.7
Aditya Birla Sun Life Gold Fund Growth ₹35.7393
↑ 0.77
₹7252638.860.231.518.118.7
SBI Gold Fund Growth ₹35.8091
↑ 0.72
₹5,22125.637.959.731.51819.6
ICICI Prudential Regular Gold Savings Fund Growth ₹37.9633
↑ 0.76
₹2,6032638.559.831.41819.5
HDFC Gold Fund Growth ₹36.5994
↑ 0.69
₹4,91525.737.959.531.317.918.9
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 8 Oct 25

Research Highlights & Commentary of 5 Funds showcased

CommentaryIDBI Gold FundAditya Birla Sun Life Gold FundSBI Gold FundICICI Prudential Regular Gold Savings FundHDFC Gold Fund
Point 1Bottom quartile AUM (₹254 Cr).Bottom quartile AUM (₹725 Cr).Highest AUM (₹5,221 Cr).Lower mid AUM (₹2,603 Cr).Upper mid AUM (₹4,915 Cr).
Point 2Established history (13+ yrs).Established history (13+ yrs).Oldest track record among peers (14 yrs).Established history (14+ yrs).Established history (13+ yrs).
Point 3Not Rated.Top rated.Rating: 2★ (upper mid).Rating: 1★ (lower mid).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: 18.60% (top quartile).5Y return: 18.06% (upper mid).5Y return: 18.02% (lower mid).5Y return: 17.95% (bottom quartile).5Y return: 17.89% (bottom quartile).
Point 63Y return: 31.49% (top quartile).3Y return: 31.47% (upper mid).3Y return: 31.47% (lower mid).3Y return: 31.44% (bottom quartile).3Y return: 31.34% (bottom quartile).
Point 71Y return: 59.69% (bottom quartile).1Y return: 60.19% (top quartile).1Y return: 59.73% (lower mid).1Y return: 59.82% (upper mid).1Y return: 59.51% (bottom quartile).
Point 81M return: 14.43% (lower mid).1M return: 13.14% (bottom quartile).1M return: 14.54% (upper mid).1M return: 14.63% (top quartile).1M return: 12.88% (bottom 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: 2.38 (bottom quartile).Sharpe: 2.66 (top quartile).Sharpe: 2.58 (upper mid).Sharpe: 2.55 (lower mid).Sharpe: 2.55 (bottom quartile).

IDBI Gold Fund

  • Bottom quartile AUM (₹254 Cr).
  • Established history (13+ yrs).
  • Not Rated.
  • Risk profile: Moderately High.
  • 5Y return: 18.60% (top quartile).
  • 3Y return: 31.49% (top quartile).
  • 1Y return: 59.69% (bottom quartile).
  • 1M return: 14.43% (lower mid).
  • Alpha: 0.00 (top quartile).
  • Sharpe: 2.38 (bottom quartile).

Aditya Birla Sun Life Gold Fund

  • Bottom quartile AUM (₹725 Cr).
  • Established history (13+ yrs).
  • Top rated.
  • Risk profile: Moderately High.
  • 5Y return: 18.06% (upper mid).
  • 3Y return: 31.47% (upper mid).
  • 1Y return: 60.19% (top quartile).
  • 1M return: 13.14% (bottom quartile).
  • Alpha: 0.00 (upper mid).
  • Sharpe: 2.66 (top quartile).

SBI Gold Fund

  • Highest AUM (₹5,221 Cr).
  • Oldest track record among peers (14 yrs).
  • Rating: 2★ (upper mid).
  • Risk profile: Moderately High.
  • 5Y return: 18.02% (lower mid).
  • 3Y return: 31.47% (lower mid).
  • 1Y return: 59.73% (lower mid).
  • 1M return: 14.54% (upper mid).
  • Alpha: 0.00 (lower mid).
  • Sharpe: 2.58 (upper mid).

ICICI Prudential Regular Gold Savings Fund

  • Lower mid AUM (₹2,603 Cr).
  • Established history (14+ yrs).
  • Rating: 1★ (lower mid).
  • Risk profile: Moderately High.
  • 5Y return: 17.95% (bottom quartile).
  • 3Y return: 31.44% (bottom quartile).
  • 1Y return: 59.82% (upper mid).
  • 1M return: 14.63% (top quartile).
  • Alpha: 0.00 (bottom quartile).
  • Sharpe: 2.55 (lower mid).

HDFC Gold Fund

  • Upper mid AUM (₹4,915 Cr).
  • Established history (13+ yrs).
  • Rating: 1★ (bottom quartile).
  • Risk profile: Moderately High.
  • 5Y return: 17.89% (bottom quartile).
  • 3Y return: 31.34% (bottom quartile).
  • 1Y return: 59.51% (bottom quartile).
  • 1M return: 12.88% (bottom quartile).
  • Alpha: 0.00 (bottom quartile).
  • Sharpe: 2.55 (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 ₹50.5423
↓ -0.39
₹96-0.712.2-8.516.519.726.9
ICICI Prudential Nifty Next 50 Index Fund Growth ₹59.8593
↓ -0.47
₹7,650-0.712.2-8.716.819.827.2
Kotak Asset Allocator Fund - FOF Growth ₹244.072
↑ 0.25
₹1,8773.317.69.920.420.219
ICICI Prudential Advisor Series - Debt Management Fund Growth ₹45.7647
↑ 0.02
₹1101.33.58.27.96.58.1
Franklin India Life Stage Fund Of Funds - 40s Plan Growth ₹60.0656
↑ 0.01
₹162.29.356.95.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 8 Oct 25

Research Highlights & Commentary of 5 Funds showcased

CommentaryIDBI Nifty Junior Index FundICICI Prudential Nifty Next 50 Index FundKotak Asset Allocator Fund - FOFICICI Prudential Advisor Series - Debt Management FundFranklin India Life Stage Fund Of Funds - 40s Plan
Point 1Bottom quartile AUM (₹96 Cr).Highest AUM (₹7,650 Cr).Upper mid AUM (₹1,877 Cr).Lower mid AUM (₹110 Cr).Bottom quartile AUM (₹16 Cr).
Point 2Established history (15+ yrs).Established history (15+ yrs).Oldest track record among peers (21 yrs).Established history (21+ yrs).Established history (21+ 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: Moderately High.Risk profile: Moderate.Risk profile: Moderately High.
Point 55Y return: 19.69% (lower mid).5Y return: 19.81% (upper mid).5Y return: 20.16% (top quartile).5Y return: 6.52% (bottom quartile).5Y return: 5.67% (bottom quartile).
Point 63Y return: 16.53% (lower mid).3Y return: 16.80% (upper mid).3Y return: 20.42% (top quartile).3Y return: 7.89% (bottom quartile).3Y return: 6.89% (bottom quartile).
Point 71Y return: -8.54% (bottom quartile).1Y return: -8.73% (bottom quartile).1Y return: 9.86% (top quartile).1Y return: 8.22% (upper mid).1Y return: 4.97% (lower mid).
Point 81M return: 1.06% (upper mid).1M return: 1.04% (lower mid).1M return: 3.56% (top quartile).1M return: 0.91% (bottom quartile).1M return: 1.02% (bottom quartile).
Point 9Alpha: -0.92 (bottom quartile).Alpha: -1.04 (bottom quartile).Alpha: 0.00 (top quartile).Alpha: 0.00 (upper mid).Alpha: 0.00 (lower mid).
Point 10Sharpe: -0.86 (bottom quartile).Sharpe: -0.86 (bottom quartile).Sharpe: -0.14 (upper mid).Sharpe: 0.68 (top quartile).Sharpe: -0.23 (lower mid).

IDBI Nifty Junior Index Fund

  • Bottom quartile AUM (₹96 Cr).
  • Established history (15+ yrs).
  • Top rated.
  • Risk profile: Moderately High.
  • 5Y return: 19.69% (lower mid).
  • 3Y return: 16.53% (lower mid).
  • 1Y return: -8.54% (bottom quartile).
  • 1M return: 1.06% (upper mid).
  • Alpha: -0.92 (bottom quartile).
  • Sharpe: -0.86 (bottom quartile).

ICICI Prudential Nifty Next 50 Index Fund

  • Highest AUM (₹7,650 Cr).
  • Established history (15+ yrs).
  • Rating: 5★ (upper mid).
  • Risk profile: Moderately High.
  • 5Y return: 19.81% (upper mid).
  • 3Y return: 16.80% (upper mid).
  • 1Y return: -8.73% (bottom quartile).
  • 1M return: 1.04% (lower mid).
  • Alpha: -1.04 (bottom quartile).
  • Sharpe: -0.86 (bottom quartile).

Kotak Asset Allocator Fund - FOF

  • Upper mid AUM (₹1,877 Cr).
  • Oldest track record among peers (21 yrs).
  • Rating: 4★ (lower mid).
  • Risk profile: Moderately High.
  • 5Y return: 20.16% (top quartile).
  • 3Y return: 20.42% (top quartile).
  • 1Y return: 9.86% (top quartile).
  • 1M return: 3.56% (top quartile).
  • Alpha: 0.00 (top quartile).
  • Sharpe: -0.14 (upper mid).

ICICI Prudential Advisor Series - Debt Management Fund

  • Lower mid AUM (₹110 Cr).
  • Established history (21+ yrs).
  • Rating: 4★ (bottom quartile).
  • Risk profile: Moderate.
  • 5Y return: 6.52% (bottom quartile).
  • 3Y return: 7.89% (bottom quartile).
  • 1Y return: 8.22% (upper mid).
  • 1M return: 0.91% (bottom quartile).
  • Alpha: 0.00 (upper mid).
  • Sharpe: 0.68 (top quartile).

Franklin India Life Stage Fund Of Funds - 40s Plan

  • Bottom quartile AUM (₹16 Cr).
  • Established history (21+ yrs).
  • Rating: 4★ (bottom quartile).
  • Risk profile: Moderately High.
  • 5Y return: 5.67% (bottom quartile).
  • 3Y return: 6.89% (bottom quartile).
  • 1Y return: 4.97% (lower mid).
  • 1M return: 1.02% (bottom quartile).
  • Alpha: 0.00 (lower mid).
  • Sharpe: -0.23 (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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