Top 10 Mutual Funds in India

Top 10 Mutual Funds in India


Mutual funds available to the general public has increased significantly over the past few years. Now as an investor, you now have an impressive number of options to choose from, and irrespective of which category you wish to invest in, following are the Top 10 mutual funds in India, as rated by CRISIL. See here the Best Mutual Funds to Invest in India.

Top 10 Large Cap-oriented Equity Funds

Funds investing a relatively large percentage of their corpus in companies that have large market capitalisation are known as Large Cap-oriented Equity Funds.

Following are the Top 10 Large Cap-oriented Equity Funds:

    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

Top 10 Diversified Equity Funds

Diversified equity funds are those that focus or specialize funds, which focus on stocks in particular industries such as utilities, pharmaceuticals, biotechnology, etc., or in specific regions such as South America, Asia, etc.
Following are the Top 10 Diversified Equity Funds:

    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

Top 10 Small and Mid-Cap Equity Funds

Small and Mid-Cap Equity Funds invest their corpus in small- and mid-sized companies. Since market capitalisation determines the size of a company, small and mid-sized organisations are usually those that range between $2 billion and $10 billion in terms of market capital.
Following are the top 10 Small and Mid-Cap Equity Funds:

    DSP BlackRock Micro Cap Fund
    Franklin India Smaller Companies Fund
    Mirae Asset Emerging Bluechip Fund
    Birla Sun Life MNC Fund
    Canara Robeco Emrging 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

Top 10 Thematic – Infrastructure Funds

Thematic funds invest money into certain themes.
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 Consistent Performers – Equity Funds

Equity funds invest mainly in stocks. Also known as stock funds, these are categorized based on the size of the company, the geography, and the investment style of the holdings in its portfolio. Following are the top 10 consistent performers so far as equity funds are concerned:

    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

Abbreviated as ELSS, Equity-Linked Savings Schemes are diversified, open-ended equity schemes that offer tax benefits.
Following 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 Index Funds

Index funds comprise a portfolio which is created to track or match the components of a market index, like S&P 500 (Standard & Poor’s 500 index). Index funds usually offer broad market exposure, low portfolio turnover and low operating expenses.
Following are the top 10 index funds:

    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

Top 10 Balanced Funds

Balanced funds maintain a healthy balance of bond and stock investments, usually a 50-50 mix. Following are the top 10 balanced funds in India:

    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 Aggressive Monthly Income Plans

Monthly income plans offer a predetermined monthly payment to the investor. Senior citizens or retired individuals are the main targets for these plans as they provide a stable form of income.
Following are the top 10 aggressive monthly income plans in India.

    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

Top 10 Long Term Gilt Funds

Long Term Gilt Funds invest only in government securities that offer long-term benefits and are preferred by conservative and risk averse investors.
Following are the top 10 long term gilt funds in India:

    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

Long Term Income Funds are like fixed deposits that actively invest in long term instruments.
Following are the top 10 long term income 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

Top 10 Consistent Performers – Debt Funds

Debt funds are those in which core holdings are investments that provide a fixed income. Debt funds can invest in specialised products, short-term or long-term bonds, floating rate debt or money market instruments. Following are the top 10 consistent performers in the debt funds category:

    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

Top 10 Credit Opportunities Funds

Credit opportunities funds offer high returns by investing in low credit-rated funds.
Following are the top 10 credit opportunities funds in India:

    Birla Sun Life Short Term Opportunities Fund
    SBI Corporate Bond Fund
    DSP BlackRock Income Opportunities Fund
    HDFC Short Term Plan
    Kotak Income Opportunities Fund
    UTI Income Opportunities Fund
    Birla Sun Life Medium Term Plan
    BOI AXA Corporate Credit Spectrum Fund
    Franklin India Low Duration Fund
    ICICI Prudential Corporate Bond Fund

Top 10 Short Term Income Funds

Short Term Income Funds are like fixed deposits (FDs) that actively invest in short term instruments.
Following are the top 10 short term income funds in India:

    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

Top 10 Ultra Short-term Debt Funds

Ultra short-term debt funds invest in instruments that offer a fixed income, and the instruments in which these funds invest are mostly liquid and have short-term maturity periods.
Following are the top 10 ultra short-term debt funds in India:

    Axis Banking Debt Fund
    IDFC Banking Debt Fund
    Religare Invesco Credit Opportunities Fund
    Sundaram Flexible Fund – Short Term Plan
    DHFL Pramerica Ultra Short Term Fund
    DSP BlackRock Ultra Short Term Fund
    Indiabulls Ultra Short Term Fund
    JM Money Manager Fund – Super Plus
    Kotak Treasury Advantage Fund
    L&T Ultra Short Term Fund

Top 10 Liquid Funds

Liquid funds are actually debt mutual funds by which money is invested in very short-term market instruments like call money, government securities and treasury bills that has somewhat low risk. The maturity period usually does not exceed 91 days.
Following are the top 10 liquid funds in India:

    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

These are the Top Rated mutual funds.