mutual funds in India
Mutual Funds

List of the top 10 mutual funds in India 2020 – Evaluate before you invest

When it comes to choosing mutual funds in India, it is just like choosing your friend for a lifetime. This will help you in achieving your future goals, be there with you in your good and bad times. If you end up choosing the wrong mutual fund, you will face a lot of obstacles and harassment. To make things easier for you, we have brought you the list o the top 10 mutual funds in India 2020. We have compiled the list by choosing different types of mutual funds from different categories to suit different requirements and investment goals.

Top 10 mutual funds in India 2020 – A consolidated list

Large-Cap Equity Fund

What is a Large Cap Equity Fund?

The large-cap equity mutual funds in India are those that invest a major segment of the total assets in an organization that has a larger market capitalization. These organizations are highly recognized ones with an outstanding track record of capturing wealth for their investors. Thus, the large-cap funds generate regular dividends along with a steady compounding wealth. The best part is, these schemes don’t have the risk as compared to small or mid-cap schemes.

Top 10 Large Cap Equity Funds

Fund Name 1-Year Returns 3-Year Returns
Axis Bluechip Dir 25.54 20.47
BNP Paribas Large Cap Dir 23.86 14.17
Canara Robeco Bluechip Eqt Dir 24.08 15.45
Edelweiss Large Cap Dir 17.85 13.96
HDFC Index Sensex Dir 15.94 14.49
LIC MF Index Sensex Dir 15.54 13.85
Mirae Asset Large Cap Dir 16.16 13.60
Nippon India Sensex Dir 15.76 14.38
Sundaram Select Focus Dir 20.28 15.65
Tata Index Sensex 15.84 14.45

Multi-Cap Equity Funds

What are Multi-Cap equity funds?

Multi-cap equity funds are widely diversified mutual funds that can invest in the stocks throughout the market capitalization. The portfolio of multi-cap mutual funds in India includes large-cap equity funds, mid-cap equity funds, and small-cap equity funds. These are less risky compared to the pure mid or small-cap funds. Also, they are more suited for less aggressive investors. Thus, in a multi-cap equity fund, you will find investment options for large-cap, mid-cap, and small-cap companies.

Top 10 Multi-Cap Equity funds

Fund Name 1-Year Returns 3-Year Returns
Axis Focused 25 Dir 26.73 18.68
Canara Robeco Equity Diversified Dir 17.88 15.17
DSP Equity Dir 26.19 13.69
Edelweiss Multi-Cap Dir 14.21 14.01
IDFC Focused Equity Dir 16.06 14.02
IIFL Focused Equity Dir 34.32 15.31
Parag Parikh Long Term Equity Dir 17.77 14.14
SBI Focused Equity Dir 25.85 17.71
Tata Retirement Savings Progressive Dir 20.6 15.34
UTI Equity Dir 18.95 14.48

Small-Cap Equity Funds

What are Small-Cap Equity funds

Small-cap equity funds are the ones that are invested in organizations with less than 250 stocks in exchange according to market capitalization. The small-cap mutual funds are a popular option because they offer high returns. Even though the small-cap mutual funds in India are riskier in the short and medium terms, but they guarantee a better return in the long term. The stocks of these companies can be twofold or they can even be triple over a short period.

Top 10 Small Cap Equity funds

Fund Name 1-year returns 3-year returns
Axis Small Cap Dir 34.83 17.1
DSP Small Cap Dir 13.84 3.56
Franklin Smaller Companies Dir 3.19 4.24
HDFC Small Cap Dir -1.19 11.09
ICIC Pru Small Cap Dir 25.47 8
Kotak Small Cap Dir 21.56 9.71
L&T Emerging Businesses Dir 2.03 9
Nippon India Small-Cap Dir 11.25 10.52
SBI Small Cap Dir 21.19 16.28
Union Small Cap Dir 19.43 7.15

Debt-Liquid Funds

What are Debt-Liquid funds?

The debt-liquid funds are those that invest in financial aspects like the commercial papers, treasury bills, fixed deposits, and all other forms of debt securities. One of the most important benefits of these mutual funds in India is, they do not come with a lock-in period. These are short-term investments that come with a maturity period of 91 days. You will be able to withdraw any amount and the withdrawal will be processed in 24 hours of your application. There are no entry and exit loads applicable.

Top 10 Debt-Liquid Funds

Fund Name 1-year returns 3-year returns
Quant Liquid Dir 7.23 7.14
ABSL Liquid Dir 6.54 6.96
Baroda Liquid Dir 6.47 6.97
BNP Paribas Liquid Dir 6.57 6.97
Edelweiss Liquid Dir 6.56 6.97
Franklin Liquid Dir 6.71 7.04
IDBI Liquid Dir 6.5 6.96
Mahindra Liquid Dir 6.6 7.01
Nippon India Liquid Dir 6.54 6.97
PGIM India Insta Cash Dir 6.55 6.96

ELSS Equity Funds

What are ELSS Equity funds?

ELSS equity mutual funds in India are those that invest a significant amount of the corpus into the equity or equity-related segments. ELSS equity funds are also known as tax saving schemes because they offer tax exemption up to Rs 150,000 from the annual taxable income. The mandatory lock-in period of ELSS equity funds is 3 years. Also, the income that you earn under this scheme at the end of the three-year tenure is considered a long-term capital gain. It is taxed at 10% (when the income is more than a lakh)

Top 10 ELSS Equity Funds

Fund Name 1-year returns 3-year returns
Axis Long Term Equity Dir 25.53 17.2
BNP Paribas Long Term Equity Dir 21.59 13.31
BOI AXA Tax Advantage Dir 26.04 14.65
Canara Robeco Equity Tax Saver Dir 15.93 14.09
Invesco India Tax Dir 16.53 13.99
JM Tax Gain Dir 21.82 14.59
LIC MF Tax Dir 20.19 14.31
Mirae Asset Tax Saver Dir 19.53 17.37
Tata India Tax Savings Dir 18.48 13.62

Debt-Short duration Funds

What are Debt-Short duration funds?

A debt short duration fund is a mutual fund scheme where the investment span is for one to three years. Sometimes it is extended to four years. This kind of investment will offer you stable returns with modest risks. Also, a debt short-term duration proves to be much more tax-efficient over three years than an FD. The short-term debt mutual funds in India will not attract any penalty on redemption before the actual maturity date unless it is redeemed long before the pre-determined period.

Top 10 Debt Short duration Funds

Fund Name 1-year returns 3-year returns
ABSL Short Term Dir 9.89 8.06
Axis Short Term Dir 11.11 8.34
Baroda Short Term Bond Dir 10.38 8.76
DSP Short-term Dir 10.99 8.13
HDFC Short Term Debt Dir 10.81 8.23
ICICI Pru Short Term Dir 11.29 8.41
IDFC All Seasons Bond Dir 11.69 8.28
IDFC Bond Short Term Dir 10.94 8.22
Kotak Bond Short-term Dir 11.14 8.31
SBI Short Term Debt Dir 10.86 8.04

Debt Dynamic Bonds

What are Debt Dynamic bonds?

Debt Dynamic bond funds are those types of mutual funds that invest in debt securities with variable maturity. These offer higher returns with reduced risk. There are no static duration elements. The complete fund is handled by the fund manager. He/She takes a decision, based on the rate of interest on the debt securities. You can also earn through the capital gains when the value of the bond will increase.

Top 10 Debt Dynamic Bonds

Fund Name 1-Year returns 3-Year returns
Axis Dynamic Bond Dir 14.1 8.74
DSP Strategic Bond Dir 13.13 7.78
ICICI Pru All Seasons Bond Dir 12.65 8.87
IDFC Dynamic Bond Dir 14.65 8.66
IIFL Dynamic Bond Dir 8.88 7.63
Kotak Dynamic Bond Dir 13.08 9.44
L&T Flexi Bond Dir 12.12 8.02
PGIM India Dynamic Bond Dir 13.36 9.39
Quantum Dynamic Bond Dir 12.93 8.04
SBI Dynamic Bond Dir 15.39 8.78

Debt Ultra-Short duration Funds

What is Debt Ultra-Short duration funds?

Ultra short term funds are those that are offered to the companies for a period of 3 to 6 months. Since these are the low-risk funds because of their very short duration, they are a bit higher in the risk spectrum. The best part is, they are still within the purview of the lowest risk categories. These types of mutual funds in India are ideal for those looking to keep money aside for a few weeks to a few months.

Top 10 Debt-Ultra short duration funds

Fund Name 1-Year Returns 3-Year Returns
ABSL Savings Dir 8.46 7.92
BOI AXA Ultra Short Duration Dir 7.67 7.77
Essel Ultra Short Term Dir 6.93 7.08
Franklin Ultra Short Bond Dir 4.87 7.37
IDBI Ultra Short Term Dir 7.41 7.32
Indiabulls Ultra Short Term Dir 7.7 7.58
Kotak Savings Dir 8.04 7.7
L&T Ultra Short Term Dir 7.66 7.57
PGIM India Ultra ST Dir 13.7 9.61
SBI Magnum Ultra Short Duration Dir 7.91 7.64

Debt-Gilt Funds

What are Debt-Gilt funds?

Debt Gilt funds are those that invest in government securities. There are two types of Gilt funds. The first one is mostly into the government securities across maturities. The other is the Gilt funds with consistent maturity of 10 years. The best aspect of Debt-Gilt mutual funds in India is since the schemes invest in government securities, they offer zero default risk. At the same time, the interest rates are high.

The Top 10 Debt-Gilt funds

Fund Name 1-year Returns 3-Year Returns
ABSL Govt Securities Dir 13.56 9.44
DSP Govt Securities Dir 15.28 9.05
ICICI Pru Gilt Dir 13.64 8.79
IDFC GSF Investment Dir 16.7 9.61
Kotak Gilt Inv PF & Trust Direct 13.44 8.65
Kotak Gilt Investment Dir 13.44 8.64
LIC MF GSF D 12.96 8.52
Nippon India Gilt Securities Inst Dir 15.58 10.18
SBI Magnum Gilt Dir 16.11 9.03
UTI Gilt Dir 14.33 8.41

Hybrid Aggressive Funds

What are Hybrid Aggressive funds?

The Hybrid-Aggressive funds are those that are balanced funds mostly in stocks with some allocation to Fixed Deposits. These mutual funds in India are less risky than pure equity funds. Also, they offer almost identical returns in the long run. It offers up to 75% allocation to the stocks where you will have a chance to grow your money. There is a 25% allocation to FD that offers a cushion if the stocks go down.

The Top 10 Hybrid Aggressive funds

Fund Name 1-Year Returns 3-Year Returns
Canara Robeco Eqt Hybrid Dir 18.05 12.98
DSP Equity & Bond Dir 24.98 11.57
HDFC Children’s Gift Dir 12.17 11.02
HDFC Retirement Savings Hybrid Eqt Dir 12.88 11.11
LIC MF ULIS Dir 19.82 12.31
Mirae Asset Hybrid Equity Dir 15.47 12.69
Principal Hybrid Equity Dir 7.87 10.92
SBI Equity Hybrid Dir 20.72 13.41
Sundaram Equity Hybrid Dir 17.81 12.46
Tata Retirement Savings Moderate Dir 16.88 11.84

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