Best Mutual Funds in India - Top Ranked by Category (Updated)

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Best Mutual Funds in India - Top Ranked by Category (Updated)

15 Nov 2020
Best Mutual Funds in India - Top Ranked by Category (Updated)
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Best Mutual Funds in India (Updated) - Mutual Fund Investments are one of the most important assets of an investor's portfolio. While there are numerous platforms that assist in finding the best mutual funds, we are doing something simple, we have listed below top performing Mutual Funds on the basis of data available on Moneycontrol. This data is updated weekly. The last update was for Trading day ending 14th November 2020. We have compiled the following types of schemes - Mid Cap, Large Cap, Small Cap, Multi Cap, Sectoral/Theme and ELSS.


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If a Fund maintains its ranks for a long time, we mention that besides the fund. You can also click on the Fund name to explore more details. We have also compiled a whole host of links and news updates to keep you on top of Mutual Funds and their performance

All fund returns mentioned beside the fund are annualised. Always important to check fund management expense ratios before investing. What you see below is a summary of performance, we make no recommendations on whether or not to invest in mutual funds. An Registered Investment Advisor is always the best option. Afterall, past performance is not at all a good predictor of Future Performance. 

Only funds with AUM > 100 cr are considered in the list

Overall Summary

Here is a summary of the best performing Mutual Funds (within the above 6 categories of Mutual Funds) in the period of 3 months to last one year

Last 1 year - DSP Healthcare Fund - Regular Plan - Growth, 69 % (4 weeks in a row)

Last 6 months - ICICI Prudential Technology Fund - Growth, 69.8% (4 weeks in a row)

Last 3 months - Sundaram Financial Services Opportunities Fund - Growth, 23.4% (New)

 

Best Mid Cap Mutual Funds


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Last 10 years - Invesco India Mid Cap Fund - Growth, 13.3% (No.1, 3 weeks in a row )

Last 5 years - Axis Midcap Fund - Growth, 13.1% (2 weeks in a row)

Last 3 years - Axis Midcap Fund - Growth, 11.7% (4 weeks in a row)

Last 1 year - PGIM India Midcap Opportunities Fund - Growth, 35.7% (4 weeks in a row)

Last 6 months - PGIM India Midcap Opportunities Fund - Growth, 47.9% (4 weeks in a row)

Last 3 months - PGIM India Midcap Opportunities Fund - Growth, 13.3% (New)

Last 1 month - Franklin India Prima Fund - Growth, 11% (3 weeks in a row)

What are Mid Cap Funds?

mid-cap mutual fund is focussed on companies that are ranked from 101 to 250 by market capitalization.  

Mid Cap Buzz

When will Mid Cap Funds Bounce back?

MorningStar Mid Cap recommendation

Best Mid Cap funds according to Economic Times

Click here to start investing directly through various Mutual Fund Companies

Check out the CRISIL Mutual Fund Ranks

Scripbox Best Mutual Funds (On the basis of Algorithm)

Axis Bank best Mutual Funds List

HDFC Securities best Mutual Funds List

 

Best Multi Cap Equity Mutual Funds


Check out your Multi Cap Equity Mutual Funds Knowledge with this short quiz and get rated


Last 10 years - Invesco India Multicap Fund - Growth ,12.3% (No.1, Four weeks in a row)

Last 5 years - Parag Parikh Long Term Equity Fund - Growth, 14.4% (Four weeks in a row)

Last 3 years - Parag Parikh Long Term Equity Fund - Growth, 13.3% (Four weeks in a row)

Last 1 year - Parag Parikh Long Term Equity Fund - Growth, 26% (Four weeks in a row)

Last 6 months- PGIM India Diversified Equity Fund - Growth ,43.3% (Two weeks in a row)

Last 3 months - UTI Equity Fund - Growth, 16 % (4 weeks in a row)

Last 1 month - Franklin India Equity Fund - Growth, 10.8% (2 weeks in a row)

What are Multi Cap Equity Mutual Funds?

A multi cap fund invests a minimum of 75% of its total assets in equities and equity-related instruments with minimum allocation of 25% each in large cap, mid cap and small cap companies.

Multi Cap Mutual Funds Buzz

80% of Mutual Fund Schemes have given positive returns this year

Should you invest in Mutual Funds?

PFAS has assured its customers that there will be no change in its portfolio given the latest SEBI Guidelines

Economic TImes Classifies UTI Equity Mutual Fund as a solid pick in Multi-Cap space

3 New Mutual Fund rules that will be implemented from 1st Jan 2021

Are new SEBI rules leading to outlows in Multi Cap Funds?

Mutual Funds see record outflow in Octoberhowever SIPs are up

Read about niche Mutual Funds that can give great returns

 

Best Large Cap Mutual Funds


Check out your Knowlwdge of Large Cap Mutual Funds through this short quiz and get rated


Last 10 years -Mirae Asset Large Cap Fund - Regular - Growth, 12.6% (No.1, last 4 weeks)

Last 5 years - Axis Bluechip Fund - Growth, 13.3% (4 weeks in a row)

Last 3 years - Axis Bluechip Fund - Growth, 9.2% (4 weeks in a row)

Last 1 year - Canara Robeco Bluechip Equity Fund - Regular Plan - Growth, 14.7% (4 weeks in a row)

Last 6 months - Mirae Asset Large Cap Fund - Regular - Growth, 35.6% (Two weeks in a row)

Last 3 months- Franklin India Bluechip Fund - Growth, 14.8% (Two weeks in a row)

Last 1 month -- Franklin India Bluechip Fund - Growth, 12.8% (4 weeks in a row)

What are Large Cap Mutual Funds?

A Mutual Fund scheme that invests in large cap organizations are those that constitute the top 100 companies in terms of market capitalization.

Large Cap Schemes Buzz

ET recommends Mirae Asset ESG (Environmental, Social, Governance) Sector Leaders Exchange Traded Fund (ETF)

Over half of large cap schemes trail the benchmark

Large cap mutual funds have done better this year than in 2019

Best Large Cap Funds according to Economic Times

Top Large Cap Mutual Funds according to Good Returns (1 year)

 


Best Small Cap Mutual Funds

Last 10 years - Nippon India Small Cap Fund - Growth, 15.4% (Number 1, Three weeks in a row)

Last 5 years - Axis Small Cap Fund - Growth,12.8% (Three weeks in a row)

Last 3 years - Axis Small Cap Fund - Growth, 9.1% (Three weeks in a row)

Last 1 year - Canara Robeco Small Cap Fund - Regular Plan - Growth, 28.3% (Three weeks in a row)

Last 6 months - Kotak Small Cap Fund - Growth, 53.5% (Two weeks in a row)

Last 3 months - Kotak Small Cap Fund - Growth, 17.2% (Three weeks in a row)

Last 1 month - Franklin India Smaller Companies Fund - Growth, 8.1% (New)

Best Mutual Funds in India (Updated Weekly)

What are Small Cap Mutual Funds?

Small Cap Funds invest in companies that are ranked below the 250th rank in terms of market capitalization. 

Small Cap Funds Buzz

Three CRISIL rated small cap funds

Read about Mutual Fund Definitions in greater detail here

BankBazaar Top 10 Best Mutual Funds

Morningstar Mutual Fund Ratings

FundsIndia best Mutual Funds List

Time to invest in Small Cap Funds?

 


Best Sectoral/ Thematic Mutual Funds

Last 10 years - ICICI Prudential Technology Fund - Growth, 16.7% (No.1, last 4 weeks)

Last 5 years - Aditya Birla Sun Life Digital India Fund - Regular Plan - Growth, 16.6% (4 weeks in a row)

Last 3 years - ICICI Prudential Technology Fund - Growth, 25.1% (3 weeks in a row)

Last 1 year - DSP Healthcare Fund - Regular Plan - Growth, 69 % (4 weeks in a row)

Last 6 months - ICICI Prudential Technology Fund - Growth, 69.8% (4 weeks in a row)

Last 3 months - Sundaram Financial Services Opportunities Fund - Growth, 23.4% (New)

Last 1 month - Aditya Birla Sun Life Banking and Financial Services Fund - Regular Plan - Growth,19.6% (New)

What are Sectoral/ Thematic Funds?

A Thematic/sectoral fund must invest a minimum of 80 percent of its total asset in a particular sector/particular theme (equity). Sectoral funds are focussed on a sector (auto for example) while thematic funds invest around a theme (next gen for example)

Sectoral/ Thematic Mutual Fund Buzz

Should you include sectoral/ thematic mutual funds in your portfolio?

Why sectoral funds are a long term game?

What about Sectoral / Thematic Funds?

Right time to invest in PSU Funds?

 


Best ELSS Funds

Last 10 years - Axis Long Term Equity Fund, 14.9% (No.1, last 4 weeks)

Last 5 years - BOI AXA Tax Advantage Fund - Regular Plan - Growth, 12.4% (4 weeks in a row)

Last 3 years - Canara Robeco Equity Tax Saver - Regular Plan - Growth , 11.1%  (4 weeks in a row)

Last 1 year - BOI AXA Tax Advantage Fund - Regular Plan - Growth, 22.1% (4 weeks in a row)

Last 6 months - Mirae Asset Tax Saver Fund - Regular Plan - Growth, 40.9% (4 weeks in a row)

Last 3 months - Axis Long Term Equity Fund, 13.7% (New)

Last 1 month - Franklin India Taxshield Fund - Growth, 10.9% (Two weeks in a row)

What are ELSS Funds?

Equity Linked Savings Scheme is a kind of Mutual Fund with twin objectives of capital appreciation and tax savings. There is a lock-in period of 3 years.

ELSS Buzz

60% of ELSS Funds failed to beat benchmark

10 Best ELSS Mutual Funds by paisa bazaar

Large cap, ELSS, Indian composite bond funds underperform their respective indices in long-term

Top ranked ELSS Funds by CRISIL

Integrating ELSS into your portfolio

 

As one can see above there are a variety of Mutual Funds based on Asset Classes depending on the risk profile of the underlying stocks, bonds or other asset classes the funds invest in. Mutual Fund Investors can choose a fund depending on their investment objectives, investment horizon and risk appetite.

Fund types that tend to have high returns (like sectoral funds) tend to have higher risk and volatility as well. In general financial planners recommend SIP Investments but this may or may not apply to you as your needs and risk profile may be different

If you want to see how Indians are investing, visit the SEBI website by clicking here

SEBI has introduced a new category of Mutual Funds called Flexi Cap:  Schemes are required to invest at least 65% in equity. However, there are no conditions on whether they are Large Cap or Mid Cap or Small Cap. 

 

It is best an individual gets a full financial plan done before taking major investment decisions. Always please consult an advisor before taking a decision.

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