Live Data
Nifty 50 (1Y)+18.2%
Top ELSS (3Y)22.4%
Top Index Fund ER0.10%
Min SIP₹500
ITR deadline31 Jul

Best Mutual Funds in India

Compare mutual funds by returns, expense ratio, and risk grade. Ranked by real performance — not what pays us most.

40+ AMCsNAV daily
All FundsEquityDebtHybridIndexELSSLarge CapMid CapSmall CapFlexi Cap

Equity Funds

Higher returns, higher risk

Debt Funds

Stable returns, lower risk

Hybrid Funds

Mix of equity + debt

Index Funds

Low cost, market returns

Risk

LIC MF Banking & PSU Fund-Regular Plan-Daily IDCW

Large CapLIC MF Banking & PSU Fund
Moderate2.79%2.15%1.79%0%Details →

UTI Banking & PSU Fund - Regular Plan - Monthly IDCW

Large CapUTI Banking & PSU Fund
Moderate1.26%2.14%2.24%0%Details →

DSP Credit Risk Fund - Direct Plan - IDCW

Large CapDSP Credit Risk Fund
Moderate5.41%2.09%1.54%0%Details →

DSP Credit Risk Fund - Regular Plan - IDCW

Large CapDSP Credit Risk Fund
Moderate5.38%2.07%1.52%0%Details →

Franklin India Banking and PSU Debt Fund - Direct - IDCW

DebtFranklin India Banking and PSU Debt Fund
Moderate-0.04%1.93%0.76%0%Details →

Franklin India Banking and PSU Debt Fund - IDCW

DebtFranklin India Banking and PSU Debt Fund
Moderate-0.09%1.69%0.4%0%Details →

HSBC Credit Risk Fund - Regular Annual IDCW

Large CapHSBC Credit Risk Fund
Moderate7.24%1.5%0%0%Details →

Canara Robeco Banking and PSU Debt Fund- Direct Plan- IDCW Payout

DebtCanara Robeco Banking and PSU Debt Fund
Moderate-0.72%1.42%0%0%Details →

Invesco India Banking and PSU Fund - Regular Plan - Daily IDCW (Reinvestment)

Large CapInvesco India Banking and PSU Fund
Moderate0.9%1.26%0.94%0%Details →

Canara Robeco Banking and PSU Debt Fund- Regular Plan- IDCW (Payout/ Reinvestment)

DebtCanara Robeco Banking and PSU Debt Fund
Moderate-0.98%1.15%0%0%Details →

ICICI Prudential Banking and PSU Debt Fund Retail Weekly Dividend

DebtICICI Prudential Banking and PSU Debt Fund Retail Weekly Dividend
Moderate0.11%1.02%0%0%Details →

LIC MF Banking & PSU Fund-Regular Plan-Weekly IDCW

Large CapLIC MF Banking & PSU Fund
Moderate0.26%0.98%0.64%0%Details →

Invesco India Banking and PSU Fund - Direct Plan - Daily IDCW (Reinvestment)

Large CapInvesco India Banking and PSU Fund
Moderate0.52%0.97%-2.44%0%Details →

ICICI Prudential Credit Risk Fund - Direct Plan - Quarterly IDCW

Large CapICICI Prudential Credit Risk Fund
Moderate1.17%0.96%0.79%0%Details →

Baroda BNP Paribas Credit Risk Fund -Direct- Monthly IDCW

Large CapBaroda BNP Paribas Credit Risk Fund
Moderate-0.46%0.95%4.61%0%Details →

ICICI Prudential Corporate Bond Fund Retail Quarterly Dividend

Large CapICICI Prudential Corporate Bond Fund Retail Quarterly Dividend
Moderate1.42%0.93%0.73%0%Details →

Invesco India Credit Risk Fund - Regular Plan - Monthly IDCW (Payout / Reinvestment)

Large CapInvesco India Credit Risk Fund
Moderate-13.95%0.91%2.62%0%Details →

BARODA BNP PARIBAS Corporate Bond Fund - Direct Plan - Monthly IDCW Option

Large CapBARODA BNP PARIBAS Corporate Bond Fund
Moderate-1.23%0.89%0%0%Details →

ICICI Prudential Corporate Bond Fund - Direct Plan - Quarterly IDCW

Large CapICICI Prudential Corporate Bond Fund
Moderate0.36%0.89%0.66%0%Details →

Franklin India Corporate Debt Fund - Plan A - Direct - Annual - IDCW

DebtFranklin India Corporate Debt Fund
Moderate-0.05%0.86%-0.29%0%Details →

Franklin India Corporate Debt Fund - Plan A - Direct - Monthly - IDCW

DebtFranklin India Corporate Debt Fund
Moderate-0.84%0.86%-0.6%0%Details →

ICICI Prudential Banking and PSU Debt Fund - Direct Plan - Quarterly IDCW

DebtICICI Prudential Banking and PSU Debt Fund
Moderate0.18%0.86%0.65%0%Details →

ICICI Prudential Corporate Bond Fund -Quarterly IDCW

Large CapICICI Prudential Corporate Bond Fund
Moderate0.29%0.85%0.64%0%Details →

ICICI Prudential Credit Risk Fund - Quarterly IDCW

Large CapICICI Prudential Credit Risk Fund
Moderate0.94%0.85%0.7%0%Details →

ICICI Prudential Banking and PSU Debt Fund - Quarterly IDCW

DebtICICI Prudential Banking and PSU Debt Fund
Moderate0.06%0.8%0.63%0%Details →

BANDHAN Corporate Bond Fund - Direct Quarterly IDCW

Large CapBANDHAN Corporate Bond Fund
Moderate-0.5%0.79%0.45%0%Details →

Franklin India Corporate Debt Fund - Plan A - Annual - IDCW

DebtFranklin India Corporate Debt Fund
Moderate-0.03%0.75%-0.85%0%Details →

BANDHAN Corporate Bond Fund - Regular Quarterly IDCW

Large CapBANDHAN Corporate Bond Fund
Moderate-0.56%0.74%0.42%0%Details →

BANDHAN Credit Risk Fund-Direct Plan-Quarterly IDCW

Large CapBANDHAN Credit Risk Fund
Moderate-0.29%0.74%0.43%0%Details →

Aditya Birla Sun Life Corporate Bond Fund -DIRECT - MONTHLY IDCW

Large CapAditya Birla Sun Life Corporate Bond Fund
Moderate-1.51%0.72%0.41%0%Details →

Franklin India Corporate Debt Fund - Plan B - Monthly - IDCW

DebtFranklin India Corporate Debt Fund
Moderate-0.34%0.71%-1.18%0%Details →

Invesco India Banking and PSU Fund - Regular Plan - Monthly IDCW (Payout / Reinvestment)

Large CapInvesco India Banking and PSU Fund
Moderate0.14%0.7%0.79%0%Details →

BARODA BNP PARIBAS Corporate Bond Fund - Direct Plan - Quarterly IDCW Option

Large CapBARODA BNP PARIBAS Corporate Bond Fund
Moderate-1.29%0.68%0%0%Details →

Aditya Birla Sun Life Banking & PSU Debt Fund - retail - monthly IDCW

DebtAditya Birla Sun Life Banking & PSU Debt Fund
Moderate-0.01%0.67%0.27%0%Details →

Bandhan Banking and PSU Fund - Direct Quarterly IDCW

Large CapBandhan Banking and PSU Fund
Moderate-0.36%0.64%0.49%0%Details →

HDFC Corporate Bond Fund - Quarterly IDCW Option - Direct Plan

Large CapHDFC Corporate Bond Fund
Moderate-0.15%0.64%0.07%0%Details →

HDFC Credit Risk Debt Fund - Quarterly IDCW - Direct Plan

DebtHDFC Credit Risk Debt Fund
Moderate0.63%0.64%0.32%0%Details →

CANARA ROBECO CORPORATE BOND FUND - DIRECT PLAN - IDCW (Payout/Reinvestment)

Large CapCANARA ROBECO CORPORATE BOND FUND
Moderate-0.89%0.62%0.31%0%Details →

Bandhan Banking and PSU Fund - Regular Quarterly IDCW

Large CapBandhan Banking and PSU Fund
Moderate-0.41%0.6%0.47%0%Details →

BANDHAN Credit Risk Fund - Regular Plan Quarterly IDCW

Large CapBANDHAN Credit Risk Fund
Moderate-0.47%0.59%0.36%0%Details →

Aditya Birla Sun Life Banking & PSU Debt Fund - DIRECT - MONTHLY IDCW

DebtAditya Birla Sun Life Banking & PSU Debt Fund
Moderate-1.07%0.56%0.35%0%Details →

HDFC Credit Risk Debt Fund - Quarterly IDCW Option

DebtHDFC Credit Risk Debt Fund
Moderate0.47%0.56%0.04%0%Details →

NIPPON INDIA CREDIT RISK FUND - DIRECT Plan - QUARTERLY IDCW Option

Large CapNIPPON INDIA CREDIT RISK FUND
Moderate-0.63%0.54%2.22%0%Details →

Aditya Birla Sun Life Corporate Bond Fund -REGULAR - MONTHLY IDCW

Large CapAditya Birla Sun Life Corporate Bond Fund
Moderate-1.69%0.52%0.23%0%Details →

BARODA BNP PARIBAS Corporate Bond Fund - Defunct Plan - Quarterly-IDCW Option

Large CapBARODA BNP PARIBAS Corporate Bond Fund
Moderate-1.69%0.51%0%0%Details →

BARODA BNP PARIBAS CORPORATE BOND FUND - Regular Plan - MONTHLY IDCW OPTION

Large CapBARODA BNP PARIBAS CORPORATE BOND FUND
Moderate-1.66%0.51%0%0%Details →

DSP Banking & PSU Debt Fund - Direct Plan - IDCW - Quarterly

DebtDSP Banking & PSU Debt Fund
Moderate-0.33%0.5%0.4%0%Details →

DSP Corporate Bond Fund - Direct - IDCW - Quarterly

Large CapDSP Corporate Bond Fund
Moderate0.39%0.49%0.57%0%Details →

BARODA BNP PARIBAS Corporate Bond Fund - Defunct Plan - Monthly-IDCW Option

Large CapBARODA BNP PARIBAS Corporate Bond Fund
Moderate-1.71%0.47%0%0%Details →

DSP Banking & PSU Debt Fund - Regular Plan - IDCW - Quarterly

DebtDSP Banking & PSU Debt Fund
Moderate-0.36%0.47%0.4%0%Details →
This Week in Indian Money

What changed. What it means.

Updated weekly

Every Friday, delivered as one email.

Get the weekly →
Free Tool

Mutual Fund Overlap Checker

Holding 3+ funds? Check if they invest in the same stocks. Avoid paying multiple expense ratios for the same exposure.

Check Overlap

Related Tools

SIP Calculator

See how ₹10K/month grows

Compare Funds

Side-by-side comparison

Goal Planner

SIP needed for your goal

Find Your Fund

Personalized pick

Overlap Checker

Portfolio duplication

Popular Comparisons

VS

Index Funds vs Active Funds

10 years of data — when does active actually win?

VS

ELSS vs PPF vs NPS

Best tax-saving investment under 80C

VS

Large Cap vs Flexi Cap

Stability vs growth — which to choose?

VS

Direct vs Regular Plans

How much do distributor fees actually cost you?

VS

SIP vs Lump Sum

Timing the market vs time in the market

VS

Debt Funds vs FDs

After-tax returns compared across tenures

How We Rate

40+

AMCs tracked

Across equity, debt, hybrid, and thematic categories

5

Return periods

1yr, 3yr, 5yr, 7yr, and 10yr returns compared

Daily

NAV updates

Net Asset Value refreshed every market day

₹0

Paid placements

No AMC pays for higher ranking. Editorial is independent.

We evaluate funds on returns (1-10yr), expense ratio, Sharpe ratio, fund manager consistency, AUM stability, and category rank. When you invest through our links, we may earn a commission. This never influences ratings. Methodology disclosed → · How we make money →

Frequently Asked Questions

What is the best mutual fund to invest in India?
It depends on your goals and risk tolerance. For long-term wealth creation, index funds tracking Nifty 50 have averaged 12% annual returns. For tax saving, ELSS funds offer Section 80C deduction up to ₹1.5L. For stability, debt funds or hybrid funds are better.
Is SIP better than lump sum investment?
SIP reduces timing risk through rupee cost averaging — you buy more units when prices are low. Lump sum works better in consistently rising markets. For most investors, monthly SIP is the recommended approach as it builds discipline.
How are mutual funds taxed in India?
Equity funds held >1 year: LTCG above ₹1.25L taxed at 12.5%. Short-term (<1yr): 20%. Debt funds: taxed at your income tax slab rate regardless of holding period. ELSS qualifies for 80C deduction up to ₹1.5L with a 3-year lock-in.
What is expense ratio and why does it matter?
Expense ratio is the annual fee charged by the fund house for managing your money. A 1% vs 0.1% difference means lakhs over 20 years. Index funds typically have the lowest ratios (0.1-0.5%). Always compare expense ratios within the same category.
How do I choose between direct and regular plans?
Direct plans have 0.5-1% lower expense ratios (no distributor commission) and deliver higher returns over time. Regular plans include distributor fees. The fund itself is identical — only the fee structure differs. We always recommend direct plans.
What does "risk grade" mean for mutual funds?
SEBI mandates risk labels: Low, Low to Moderate, Moderate, Moderately High, High, Very High. This is based on the fund's portfolio volatility. Equity funds are typically High/Very High. Debt funds range from Low to Moderate. Match your risk grade to your investment horizon.
How does InvestingPro rate mutual funds?
We evaluate funds on returns across 5 time periods (1yr to 10yr), expense ratio, risk-adjusted performance (Sharpe ratio), fund manager track record, and AUM stability. Ratings update daily with NAV changes. No AMC pays for higher placement.

Not sure where to start?

Try the SIP Calculator

See how ₹10K/month grows

Compare Funds Side-by-Side

Pick 2-3 funds and see the difference

Find Your Fund

Personalized recommendation quiz

SEBI regulatory notice

Regulated by Securities and Exchange Board of India.

Mutual funds in India are regulated by SEBI and managed by AMFI-registered AMCs. Fund performance, ratings, and expense ratios shown are sourced from AMFI / scheme information documents. Past performance is NOT indicative of future returns. NAV fluctuates with market conditions; capital is at risk.

Risk note: Mutual fund investments are subject to market risks. Read all scheme-related documents (SID/KIM) carefully before investing. We are NOT a SEBI-registered investment advisor (RIA); for personalised advice consult a registered advisor at sebi.gov.in.

InvestingPro is an independent comparison and education platform. We are NOT a SEBI-registered investment advisor, IRDAI-licensed insurance broker, or RBI-licensed lending intermediary. We may earn affiliate commission when you click through to a partner — see how we make money. For personalised advice consult a registered advisor.

No paid rankings
Methodology disclosed
SEBI-compliant
228+ researched articles