Which are Top Performing Mutual Funds

Are you new to the world of mutual fund investment or looking for the new funds to park your money? Yes? Not clear what will be the ideal option for you to park your money. As there is no set return rate on the MF, it is hard to know which fund will be highly beneficial. 

Though the returns on mutual fund investment are not guaranteed, based on the past performance of the particular fund, you can make your choices. Also, the selection should be made on the basis of objective of investment. For making an investment, the objective should be clear and the money should be retained in the market until the motive is achieved.

Performing Short Term Income Funds

For investment in short term securities the best funds would be:

• HDFC Medium Term Opportunities Fund
• ICICI Prudential Banking & PSU Debt Fund
• L&T Short Term Opportunities Fund
• Axis Short Term Fund
• Birla Sun Life Short Term Fund
• DHFL Pramerica Banking & PSU Debt Fund
• DSP BlackRock Banking & PSU Debt Fund
• IDFC Super Saver Income Fund – Short Term
• Kotak Flexi Debt
• HSBC Income Fund – Short Term Plan

Small and Mid-Cap Equity Funds

The list of top 10 Small and Mid-Cap Equity Funds is given below :

• DSP BlackRock Micro Cap Fund
• Franklin India Smaller Companies Fund
• Mirae Asset Emerging Bluechip Fund
• Birla Sun Life MNC Fund
• Canara Robeco Emerging Equities
• Franklin India Prima Fund
• JP Morgan India Mid and Small Cap Fund
• Reliance Small Cap Fund
• SBI Magnum Midcap Fund
• Birla Sun Life Midcap Fund

Liquid Funds

Investors looking forward to very short-term investment, the best funds are as mentioned below:

• Indiabulls Liquid Fund
• L&T Liquid Fund
• Sundaram Money Fund
• Axis Liquid Fund
• DSP BlackRock Liquidity Fund
• HDFC Liquid Fund
• Religare Invesco Liquid Fund
• Tata Liquid Fund
• Union KBC Liquid Fund
• UTI Liquid Cash Plan

Large Cap-oriented Equity Funds

The top 10 large cap-oriented equity funds are as follows:

• Franklin India Opportunities Fund
• Kotak Select Focus Fund
• SBI Blue Chip Fund
• Birla Sun Life Frontline Equity Fund
• Birla Sun Life Top 100 Fund
• BNP Paribas Equity Fund
• Franklin India Bluechip Fund
• IDBI India Top 100 Equity Fund
• JP Morgan India Equity Fund
• Religare Invesco Business Leaders Fund

Best Index Funds

The best performing index funds are:

• Goldman Sachs Nifty Exchange Traded Scheme
• Kotak Nifty ETF
• ICICI Prudential Nifty ETF
• IDBI Nifty Index Fund
• UTI Nifty Index Fund
• HDFC Index Fund – Nifty Plan
• HDFC Index Fund – Sensex Plan
• IDFC Nifty Fund
• Principal Index Fund
• Reliance Index Fund – Nifty Plan

Diversified Equity Funds

The top 10 Diversified Equity Funds are as follows:

• ICICI Prudential Exports and Other Services Fund
• L&T India Value Fund
• Principal Emerging Bluechip Fund
• SBI Magnum MultiCap Fund
• UTI MNC Fund
• Birla Sun Life Advantage Fund
• Franklin India Flexi Cap Fund
• ICICI Prudential Value Discovery Fund
• Religare Invesco Contra Fund
• Tata Ethical Fund

Best Debt Funds

The best fund in the category of Debt Funds are:

• HDFC High Interest Fund – Dynamic Plan
• IDFC Dynamic Bond Fund
• BNP Paribas Flexi Debt Fund
• Reliance Dynamic Bond Fund
• UTI Bond Fund
• Birla Sun Life Income Plus
• HDFC Income Fund
• ICICI Prudential Income Plan
• Kotak Bond
• Tata Income Fund

Consistent – Equity Funds

The 10 consistent performing equity funds are:

• Birla Sun Life India GenNext Fund
• Birla Sun Life MNC Fund
• Birla Sun Life Top 100 Fund
• DSP BlackRock Micro Cap Fund
• Franklin India High Growth Companies Fund
• Franklin India Smaller Companies Fund
• ICICI Prudential Exports and Other Services Fund
• SBI Blue Chip Fund
• Tata Ethical Fund
• UTI MNC Fund

Top 10 Equity Linked Savings Schemes (ELSS)

Below mentioned are the top 10 Equity-Linked Savings Schemes:

• Axis Long Term Equity Fund
• Birla Sun Life Tax Relief 96
• Birla Sun Life Tax Plan
• Franklin India Taxshield Fund
• Religare Invesco Tax Plan
• Tata India Tax Savings Fund
• BNP Paribas Long Term Equity Fund
• DSP BlackRock Tax Saver Fund
• ICICI Prudential Long Term Equity Fund (Tax Saving)
• IDFC Tax Advantage Fund

Top 10 Thematic – Infrastructure Funds

Following are the top 10 Thematic – Infrastructure Funds that invest their corpus into the infrastructure industry:

• Franklin Build India Fund
• Kotak Infrastructure and Economic Reform Fund
• Birla Sun Life India Reforms Fund
• Canara Robeco Infrastructure Fund
• L&T Infrastructure Fund
• Birla Sun Life Infrastructure Fund
• DSP BlackRock India T.I.G.E.R Fund
• HSBC Infrastructure Equity Fund
• JM Basic Fund
• Sundaram Infrastructure Advantage Fund

Top 10 Balanced Funds

The best balanced funds in India are as stated below:

• Franklin India Balanced Fund
• L&T India Prudence Fund
• Birla Sun Life Balanced 95 Fund
• HDFC Balanced Fund
• Tata Balanced Fund
• Canara Robeco Balance
• DSP BlackRock Balanced Fund
• ICICI Prudential Balanced Fund
• Reliance Regular Savings Fund – Balanced
• SBI Magnum Balanced Fund

Top 10 Monthly Income Plans

The performing Monthly Income Plans for investment in India are as given below:

• Franklin India Monthly Income Plan
• UTI MIS Advantage Plan
• Birla Sun Life MP II – Wealth 25 Plan
• ICICI Prudential MP 25
• Reliance Monthly Income Plan
• BNP Paribas Monthly Income Plan
• HDFC Monthly Income Plan – LTP
• HSBC MIP – Savings
• IDFC Monthly Income Plan
• Kotak Monthly Income Plan

Long Term Gilt Funds

For investment in government securities, the best funds are:

• L&T Gilt
• SBI Magnum Gilt Fund – Long Term
• Franklin India G-Sec Fund – Long Term
• ICICI Prudential Gilt – Investment – PF Option
• HDFC Gilt Fund – Long Term Plan
• Reliance Gilt Securities Fund
• Birla Sun Life Govt. Securities – Long Term
• Canara Robeco Gilt PGS
• Franklin India G-Sec Fund – Composite Plan
• ICICI Prudential Long Term Gilt Fund

Top 10 Long Term Income Funds

For long term investment the top funds in India:

• Axis Income Fund
• DSP BlackRock Strategic Bond Fund
• HDFC High Interest Fund – Dynamic Plan
• Axis Dynamic Bond Fund
• BNP Paribas Flexi Debt Fund
• ICICI Prudential Dynamic Bond Fund
• IDFC Dynamic Bond Fund
• Reliance Dynamic Bond Fund
• Tata Dynamic Bond Fund
• Birla Sun Life Income Plus

Based on the past performance, above is the list of top performing mutual funds. However, the fund performance keep on changing from time to time and therefore before investing one must check the latest performance. Also, an investor must seek the expert’s advice.

Disclaimer - Mutual Funds are subject to market risks. Please read the scheme related documents carefully before investing.