10 Top Performing Mutual Funds in India 2021

You can invest in mutual funds to achieve different financial goals as per your requirements.

We have shortlisted 10 top-performing mutual funds in India to invest in 2021. You will be able to make an informed decision after going through this article.

You would also learn about important parameters while investing in mutual funds at the end of this article.

Best Long Duration Mutual Funds in India

If you have long term goals such as wealth creation, retirement goals or saving to buy your own home, then go with long-duration funds.

These are purely equity oriented funds that have very high risk factor and you also get high returns.

In simple terms, if your investment tenure is more than 7 years, then go with long duration mutual funds.

#1. Mirae Asset Emerging Bluechip Fund

#1. Mirae Asset Emerging Bluechip Fund Details

Fund House:Mirae Asset Emerging Bluechip Fund
Fund Launched:01-Jan-2013
Return Since Launch:24.09%
Benchmark:Nifty Large Midcap 250 TRI
Riskometer:Very High
Return Grade:High
Assets:₹ 15,785 Cr
Turnover:97.00%
Expense:0.70%

#2. Fund Performance

Mirae Asset Emerging Bluechip Fund performance

#3. Mirae Asset Emerging Bluechip Fund Returns 

Mirae Asset Emerging Bluechip Fund returns

#4. Sectorwise comparison

Mirae Asset Emerging Bluechip Fund

#5. Top 10 Portfolio Holdings

Stocks% of Holdings
HDFC Bank Ltd.7.01%
ICICI Bank Ltd.6.56%
Infosys Ltd.5.02%
Axis Bank Ltd.4.72%
State Bank Of India3.57%
Bharti Airtel Ltd.2.95%
Tata Consultancy Services Ltd.2.92%
Voltas Limited2.71%
Maruti Suzuki India Ltd.2.36%
Reliance Industries Ltd.2.34%

#2. Axis Midcap Fund

#1. Axis Midcap Fund Details

Fund House:Axis Mutual Fund
Launch Date:18-Feb-2011
Return Since Launch:18.09%
Benchmark:S&P BSE Mid Cap TRI
Riskometer:Very High
Return Grade:High
Assets:₹ 9,757 Cr
Turnover:35.00%
Expense:1.86%

#2. Fund Performance

 Axis Midcap Fund Performance

#3. Axis Midcap Fund Returns

Axis Midcap Fund returns

#4. Sectorwise comparison

Axis Midcap Fund sectorwise

#5. Top 10 Portfolio Holdings

Stock Invested in% of Total Holdings
Cholamandalam Investment & Finance Co. Ltd.5.74%
Voltas Limited4.24%
Astral Poly Technik Ltd.3.62%
Pi Industries Ltd.3.47%
Avenue Supermarts Ltd.3.25%
Bajaj Finance Ltd.3.18%
HDFC Bank Ltd.3.18%
Supreme Industries Ltd.2.99%
Endurance Technologies Ltd.2.77%
J.K. Cement Ltd.2.68%

#3. Canara Robeco Emerging Equities Fund

#1. Canara Robeco Emerging Equities Fund Details

Fund House:Canara Robeco Mutual Fund
Launch Date:02-Jan-2013
Return Since Launch:21.60%
Benchmark:NIFTY Large Midcap 250 TRI
Riskometer:Very High
Return Grade:High
Assets:₹ 7,922 Cr
Turnover:64.00%
Expense:0.66%

#2. Fund Performance

Canara Robeco Emerging Equities Fund performance

#3. Canara Robeco Emerging Equities Fund Returns

Canara Robeco Emerging Equities Fund returns

#4. Sectorwise Comparison

Canara Robeco Emerging Equities Fund sectorwise

#5. Top 10 Portfolio Holdings

Stock Invested in% of Total Holdings
HDFC Bank Ltd.5.70%
ICICI Bank Ltd.4.98%
Bajaj Finance Ltd.4.11%
Infosys Ltd.3.85%
Reliance Industries Ltd.3.77%
Axis Bank Ltd.3.53%
Minda Industries Ltd.2.78%
Voltas Limited2.34%
Mahindra & Mahindra Financial Services Ltd.2.19%
Gujarat Gas Ltd.2.17%

Also read – Best Index Funds in India

Best Short Term Mutual Funds in India

If you have short term investment goals like next vacation, saving for new bike or any marriage in the family, where you may compromise with returns but you don’t want to lose your invested money, then go with short term funds also called debt funds.

Since debt funds invest around 90% of funds in government securities, corporate bonds, and other safer instruments which are less volatile as compared to equities.

If your investment period is 1 to 5 years, then you should invest in short term debt funds.

#4. Aditya Birla Sun Life Short Term Fund

#1. Aditya Birla Sun Life Short Term Fund Details

Fund House:Aditya Birla Sun Life Mutual Fund
Launch Date:01-Jan-2013
Return Since Launch:9.48%
Benchmark:CRISIL Short-Term Bond TRI
Riskometer:Moderate
Return Grade:Above Average
Assets:₹ 7,650 Cr
Expense:0.41%

#2. Fund Performance

Aditya Birla Sun Life Short Term Fund performance

#3. Aditya Birla Sun Life Short Term Fund Returns

Aditya Birla Sun Life Short Term Fund returns

#4. Credit Rating Wise Comparison

Aditya Birla Sun Life Short Term Fund ratingwise

#5. Types of Holdings

Security Type % Weight 
GOI14.15%
CD2.90%
T-Bills0.00%
CP2.45%
NCD & Bonds70.05%
PTC0.00%

#5. ICICI Prudential Short Term Fund

#1. ICICI Prudential Short Term Fund Details

Fund House:ICICI Prudential Mutual Fund
Launch Date:01-Jan-2013
Return Since Launch:9.24%
Benchmark:CRISIL Short-Term Bond TRI
Riskometer:Moderate
Return Grade:High
Assets:₹ 23,715 Cr
Expense:0.40%

#2. Fund Performance

ICICI Prudential Short Term Fund

#3. ICICI Prudential Short Term Fund Returns

ICICI Prudential Short Term Fund Returns

#4. Credit Rating Wise Comparison

ICICI Prudential Short Term Fund rating wise

#5. Types of Holdings

Security Type % Weight 
GOI22.34%
CD0.61%
T-Bills4.15%
CP8.54%
NCD & Bonds53.05%
PTC1.25%

Top Performing Hybrid Funds in India

If you need balanced mutual funds that is less volatile as compared pure equity based funds and also gives you better returns than debt funds, then you should invest in hybrid funds.

You can invest for 1 year to 5 years similar to debt funds which will give you return around 10% to 15% per year.

#6. BNP Paribas Substantial Equity Hybrid Fund

#1. BNP Paribas Substantial Equity Hybrid Fund Details

Fund House:BNP Paribas Mutual Fund
Launch Date:07-Apr-2017
Return Since Launch:13.64%
Benchmark:CRISIL Hybrid 35+65 Aggressive TRI
Riskometer:Very High
Return Grade:High
Assets:₹ 523 Cr
Expense:0.61%

#2. Fund Performance

BNP Paribas Substantial Equity Hybrid Fund performance

#3. BNP Paribas Substantial Equity Hybrid Fund Returns

BNP Paribas Substantial Equity Hybrid Fund returns

#4. Credit Rating Wise Comparison

BNP Paribas Substantial Equity Hybrid Fund rating wise

#5. Types of Holdings

Stock Invested in% of Total Holdings
HDFC Bank Ltd.6.45%
ICICI Bank Ltd.5.94%
Infosys Ltd.4.79%
Axis Bank Ltd.4.23%
Ultratech Cement Ltd.2.92%
Reliance Industries Ltd. – Partly Paid2.89%
State Bank Of India2.80%
Max Financial Services Ltd.2.48%
Avanti Feeds Ltd.2.01%
Federal Bank Ltd.1.98%

#7. Canara Robeco Equity Hybrid Fund

#1. Canara Robeco Equity Hybrid Fund Details

Fund House:Canara Robeco Mutual Fund
Launch Date:01-Jan-2013
Return Since Launch:14.79%
Benchmark:CRISIL Hybrid 35+65 Aggressive TRI
Riskometer:Very High
Return Grade:High
Assets:₹ 4,565 Cr
Expense:0.77%

#2. Fund Performance

Canara Robeco Equity Hybrid Fund performance

#3. Canara Robeco Equity Hybrid Fund Returns

Canara Robeco Equity Hybrid Fund returns

#4. Credit Rating Wise Comparison

Canara Robeco Equity Hybrid Fund rating wise

#5. Top Holdings

Stock Invested in% of Total Holdings
HDFC Bank Ltd.6.37%
Infosys Ltd.5.62%
ICICI Bank Ltd.5.50%
Reliance Industries Ltd.3.02%
State Bank Of India2.99%
Bajaj Finance Ltd.2.76%
Axis Bank Ltd.2.68%
Larsen & Toubro Ltd.2.36%
Housing Development Finance Corporation Ltd.2.27%
Tata Consultancy Services Ltd.2.25%

Best Tax Saver Mutual Funds in India

If you want to save taxes along with wealth creation, then Tax saver funds are the best.

Also called ELSS Funds, where you can save taxes up to Rs. 1.50 lakh under section 80 C of Income tax act of India.

You can also earn an interest of around 15% to 20% per year. The ELSS funds come with a lock-in period of 3 years, so you can’t withdraw your invested money before that.

#8. Axis Long Term Equity Fund

#1. Axis Long Term Equity Fund Details

Fund House:Axis Mutual Fund
Launch Date:01-Jan-2013
Return Since Launch:19.65%
Benchmark:S&P BSE 200 TRI
Riskometer:Very High
Return Grade:Above Average
Assets:₹ 27,216 Cr
Expense:0.72%

#2. Fund Performance

Axis Long Term Equity Fund

#3. Axis Long Term Equity Fund Returns

Axis Long Term Equity Fund returns

#4. Sector Wise Comparison

Axis Long Term Equity Fund sectorwise

#5. Top Holdings

Stock Invested in% of Total Holdings
Bajaj Finance Ltd.9.27%
Avenue Supermarts Ltd.7.57%
Tata Consultancy Services Ltd.6.87%
Info Edge (India) Ltd.6.87%
HDFC Bank Ltd.6.52%
Kotak Mahindra Bank Ltd.6.45%
Housing Development Finance Corporation Ltd.5.64%
Nestle India Ltd.5.10%
Maruti Suzuki India Ltd.4.58%
Pidilite Industries Ltd.4.06%

#9. Mirae Asset Tax Saver Fund

#1. Mirae Asset Tax Saver Fund Details

Fund House:Mirae Asset Mutual Fund
Launch Date:28-Dec-2015
Return Since Launch:20.89%
Benchmark:NIFTY 200 TRI
Riskometer:Very High
Return Grade:High
Assets:₹ 6,351 Cr
Expense:0.29%

#2. Fund Performance

Mirae Asset Tax Saver Fund performance

#3. Mirae Asset Tax Saver Fund Returns

Mirae Asset Tax Saver Fund returns

#4. Sector Wise Comparison

Mirae Asset Tax Saver Fund sector wise

#5. Top Holdings

Stock Invested in% of Total Holdings
HDFC Bank Ltd.9.34%
Infosys Ltd.7.05%
ICICI Bank Ltd.7.01%
Axis Bank Ltd.4.66%
Tata Consultancy Services Ltd.4.31%
State Bank Of India3.10%
Reliance Industries Ltd.2.99%
Bharti Airtel Ltd.2.90%
Maruti Suzuki India Ltd.2.54%
J.K. Cement Ltd.2.47%

#10. DSP Tax Saver Fund

#1. DSP Tax Saver Fund Details

Fund House:DSP Mutual Fund
Launch Date:01-Jan-2013
Return Since Launch:16.71%
Benchmark:NIFTY 500 TRI
Riskometer:Very High
Return Grade:Above Average
Assets:₹ 7,883 Cr
Expense:0.80%

#2. Fund Performance

DSP Tax Saver Fund performance

#3. DSP Tax Saver Fund Returns

DSP Tax Saver Fund returns

#4. Sector Wise Comparison

DSP Tax Saver Fund sectorwise

#5. Top Holdings

Stock Invested in% of Total Holdings
Infosys Ltd.8.08%
ICICI Bank Ltd.7.60%
HDFC Bank Ltd.7.25%
Bharti Airtel Ltd.4.53%
Axis Bank Ltd.4.00%
State Bank Of India3.60%
Hindustan Unilever Ltd.2.87%
Tata Steel Ltd.2.79%
Ultratech Cement Ltd.2.34%
Dr. Reddys Laboratories Ltd.2.23%

Things to Consider While Investing in Mutual Funds

#1. Define Your Investment Goal

You can easily plan your investment, avoid money loss and create wealth through mutual funds if you know your goal.  However, if you are a newbie you can consider the parameters discussed below before defining your investment goal –

  • Clearly define the purpose of your mutual fund investment such as your own home, or your retirement corpus.
  • Understand the importance of tenure of Investment. Your investment tenure depends on the purpose of your investment.  If you have long term investment goals such as retirement corpus, then invest in equity based mutual funds where risk and rewards are high.
  • Mutual funds returns highly depend on your risk appetite. If you take high risk and invest purely in equity based mutual funds, then you can expect higher returns whereas if you invest in low risk debt funds, you get lower returns. The longer the tenure, the more risk you can take. 

#2. Funds Category

The primary factor for the shortlisting of funds such as long term, short term, and Tax Saver. You must know each category to diversify your funds. You can also invest in hybrid funds which are balanced funds between equity and debt securities.

#3. Fund Performance

You can research for the best-performing fund in the last 3 to 5 years to get an overview of how the fund performed in the past.

#4. Asset Size and Fund holdings

You can go with the funds having asset size of 100 Cr or above. Bigger asset size means reliability of the fund house. 

Fundholding means what type of securities a mutual fund is holding that affects the returns. More investment in stocks results in high returns but also increases the risk.

#5. Expense Ratio

Lower the expense ratio higher would be the return because expense ratio is the nominal fee that fund house charges annually from you to manage the funds. 

Bigger fund sizes have low expense ratios.

Conclusion

I have curated a list of top mutual funds in India. Please tell me your favourite mutual funds and it’s performance in the comments section.

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