Best Mutual Funds in India, Top Performing Mutual Funds, Invest in MF (2024)

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Fund Name Category Rank Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)

Bank of India Flexi Cap Fund Direct Growth

1Out of 33

₹33.77

67.59%

42.44%

Very High Risk

₹683.42 Cr

Quant Flexi Cap Fund Growth Option Direct Plan

2Out of 33

₹107.61

65.82%

42.44%

Very High Risk

₹4,154.65 Cr

JM Flexicap Fund (Direct) Growth Option

3Out of 33

₹99.25

63.68%

42.44%

Very High Risk

₹1,656.84 Cr

Motilal Oswal Flexicap Fund Direct Plan Growth

4Out of 33

₹54.68

59.17%

42.44%

Very High Risk

₹9,423.60 Cr

ITI Flexi Cap Fund Direct Growth

5Out of 33

--

₹15.94

57.22%

42.44%

Very High Risk

₹810.56 Cr

Invesco India Flexi Cap Fund Direct Growth

6Out of 33

--

₹16.08

52.27%

42.44%

Very High Risk

₹1,449.18 Cr

Franklin India Flexi Cap Fund Direct Growth

7Out of 33

₹1,587.33

48.20%

42.44%

Very High Risk

₹14,470.61 Cr

ICICI Prudential Flexicap Fund Direct Growth

8Out of 33

--

₹17.05

47.24%

42.44%

Very High Risk

₹14,197.43 Cr

WhiteOak Capital Flexi Cap Fund Direct Growth

9Out of 33

--

₹14.97

47.09%

42.44%

Very High Risk

₹3,132.89 Cr

HSBC Flexi Cap Fund Growth Direct

10Out of 33

₹208.35

46.70%

42.44%

Very High Risk

₹4,115.56 Cr

HDFC Flexi Cap Fund -Direct Plan - Growth Option

12Out of 33

₹1,783.55

45.93%

42.44%

Very High Risk

₹49,656.92 Cr

Shriram Flexi Cap Fund Direct Growth

13Out of 33

₹22.79

44.54%

42.44%

Very High Risk

₹79.60 Cr

Taurus Flexi Cap Fund - Direct Plan-Growth Option

14Out of 33

₹219.58

44.26%

42.44%

Very High Risk

₹334.02 Cr

Nippon India Flexi Cap Fund Direct Growth

15Out of 33

--

₹15.42

43.87%

42.44%

Very High Risk

₹6,158.03 Cr

Baroda BNP Paribas Flexi Cap Fund Direct Growth

16Out of 33

--

₹14.23

43.81%

42.44%

Very High Risk

₹1,241.06 Cr

Union Flexi Cap Fund Direct Growth Option

17Out of 33

₹50.71

43.21%

42.44%

Very High Risk

₹1,982.61 Cr

Mahindra Manulife Flexi Cap Fund Direct Growth

18Out of 33

--

₹15.34

43.17%

42.44%

Very High Risk

₹1,218.54 Cr

Parag Parikh Flexi Cap Direct Growth

19Out of 33

₹77.25

42.61%

42.44%

Very High Risk

₹58,900.51 Cr

Aditya Birla Sun Life Flexi Cap Fund Direct Plan Growth

20Out of 33

₹1,711.34

41.78%

42.44%

Very High Risk

₹19,767.00 Cr

Tata Flexi Cap Fund Direct Growth

21Out of 33

₹22.84

40.98%

42.44%

Very High Risk

₹2,872.05 Cr

Kotak Flexicap Fund Direct Growth

22Out of 33

₹82.46

39.64%

42.44%

Very High Risk

₹45,111.78 Cr

Bandhan Flexi Cap Fund-Direct Plan-Growth

23Out of 33

₹198.44

39.25%

42.44%

Very High Risk

₹6,754.18 Cr

LIC MF Flexi Cap Fund Direct Plan Growth Option

24Out of 33

₹96.59

38.75%

42.44%

Very High Risk

₹939.52 Cr

Mirae Asset Flexi Cap Fund Direct Growth

25Out of 33

--

₹13.96

38.52%

42.44%

Very High Risk

₹1,648.72 Cr

Axis Flexi Cap Fund Direct Growth

26Out of 33

₹25.11

36.91%

42.44%

Very High Risk

₹11,490.97 Cr

Canara Robeco Flexi Cap Fund Direct Plan Growth Option

27Out of 33

₹328.15

36.64%

42.44%

Very High Risk

₹11,875.42 Cr

Sundaram Flexi Cap Fund Direct Growth

28Out of 33

--

₹13.38

36.41%

42.44%

Very High Risk

₹2,084.21 Cr

Navi Flexi Cap Fund Direct Growth

29Out of 33

₹23.38

34.41%

42.44%

Very High Risk

₹251.47 Cr

SBI Flexicap Fund Direct Growth

30Out of 33

₹109.90

34.32%

42.44%

Very High Risk

₹20,096.76 Cr

Bank of India Flexi Cap Fund Direct Growth

Very High Risk

  • Category Rank 1Out of 33
  • NAV ₹33.77
  • Fund Size ₹683.42 Cr

Fund Return 67.59%

Category Return 42.44%

Quant Flexi Cap Fund Growth Option Direct Plan

Very High Risk

  • Category Rank 2Out of 33
  • NAV ₹107.61
  • Fund Size ₹4,154.65 Cr

Fund Return 65.82%

Category Return 42.44%

JM Flexicap Fund (Direct) Growth Option

Very High Risk

  • Category Rank 3Out of 33
  • NAV ₹99.25
  • Fund Size ₹1,656.84 Cr

Fund Return 63.68%

Category Return 42.44%

Motilal Oswal Flexicap Fund Direct Plan Growth

Very High Risk

  • Category Rank 4Out of 33
  • NAV ₹54.68
  • Fund Size ₹9,423.60 Cr

Fund Return 59.17%

Category Return 42.44%

ITI Flexi Cap Fund Direct Growth

Very High Risk --

  • Category Rank 5Out of 33
  • NAV ₹15.94
  • Fund Size ₹810.56 Cr

Fund Return 57.22%

Category Return 42.44%

Invesco India Flexi Cap Fund Direct Growth

Very High Risk --

  • Category Rank 6Out of 33
  • NAV ₹16.08
  • Fund Size ₹1,449.18 Cr

Fund Return 52.27%

Category Return 42.44%

Franklin India Flexi Cap Fund Direct Growth

Very High Risk

  • Category Rank 7Out of 33
  • NAV ₹1,587.33
  • Fund Size ₹14,470.61 Cr

Fund Return 48.20%

Category Return 42.44%

ICICI Prudential Flexicap Fund Direct Growth

Very High Risk --

  • Category Rank 8Out of 33
  • NAV ₹17.05
  • Fund Size ₹14,197.43 Cr

Fund Return 47.24%

Category Return 42.44%

WhiteOak Capital Flexi Cap Fund Direct Growth

Very High Risk --

  • Category Rank 9Out of 33
  • NAV ₹14.97
  • Fund Size ₹3,132.89 Cr

Fund Return 47.09%

Category Return 42.44%

HSBC Flexi Cap Fund Growth Direct

Very High Risk

  • Category Rank 10Out of 33
  • NAV ₹208.35
  • Fund Size ₹4,115.56 Cr

Fund Return 46.70%

Category Return 42.44%

Edelweiss Flexi Cap Fund Direct Growth

Very High Risk

  • Category Rank 11Out of 33
  • NAV ₹37.67
  • Fund Size ₹1,643.90 Cr

Fund Return 46.33%

Category Return 42.44%

HDFC Flexi Cap Fund -Direct Plan - Growth Option

Very High Risk

  • Category Rank 12Out of 33
  • NAV ₹1,783.55
  • Fund Size ₹49,656.92 Cr

Fund Return 45.93%

Category Return 42.44%

Shriram Flexi Cap Fund Direct Growth

Very High Risk

  • Category Rank 13Out of 33
  • NAV ₹22.79
  • Fund Size ₹79.60 Cr

Fund Return 44.54%

Category Return 42.44%

Taurus Flexi Cap Fund - Direct Plan-Growth Option

Very High Risk

  • Category Rank 14Out of 33
  • NAV ₹219.58
  • Fund Size ₹334.02 Cr

Fund Return 44.26%

Category Return 42.44%

Nippon India Flexi Cap Fund Direct Growth

Very High Risk --

  • Category Rank 15Out of 33
  • NAV ₹15.42
  • Fund Size ₹6,158.03 Cr

Fund Return 43.87%

Category Return 42.44%

Baroda BNP Paribas Flexi Cap Fund Direct Growth

Very High Risk --

  • Category Rank 16Out of 33
  • NAV ₹14.23
  • Fund Size ₹1,241.06 Cr

Fund Return 43.81%

Category Return 42.44%

Union Flexi Cap Fund Direct Growth Option

Very High Risk

  • Category Rank 17Out of 33
  • NAV ₹50.71
  • Fund Size ₹1,982.61 Cr

Fund Return 43.21%

Category Return 42.44%

Mahindra Manulife Flexi Cap Fund Direct Growth

Very High Risk --

  • Category Rank 18Out of 33
  • NAV ₹15.34
  • Fund Size ₹1,218.54 Cr

Fund Return 43.17%

Category Return 42.44%

Parag Parikh Flexi Cap Direct Growth

Very High Risk

  • Category Rank 19Out of 33
  • NAV ₹77.25
  • Fund Size ₹58,900.51 Cr

Fund Return 42.61%

Category Return 42.44%

Aditya Birla Sun Life Flexi Cap Fund Direct Plan Growth

Very High Risk

  • Category Rank 20Out of 33
  • NAV ₹1,711.34
  • Fund Size ₹19,767.00 Cr

Fund Return 41.78%

Category Return 42.44%

Tata Flexi Cap Fund Direct Growth

Very High Risk

  • Category Rank 21Out of 33
  • NAV ₹22.84
  • Fund Size ₹2,872.05 Cr

Fund Return 40.98%

Category Return 42.44%

Kotak Flexicap Fund Direct Growth

Very High Risk

  • Category Rank 22Out of 33
  • NAV ₹82.46
  • Fund Size ₹45,111.78 Cr

Fund Return 39.64%

Category Return 42.44%

Bandhan Flexi Cap Fund-Direct Plan-Growth

Very High Risk

  • Category Rank 23Out of 33
  • NAV ₹198.44
  • Fund Size ₹6,754.18 Cr

Fund Return 39.25%

Category Return 42.44%

LIC MF Flexi Cap Fund Direct Plan Growth Option

Very High Risk

  • Category Rank 24Out of 33
  • NAV ₹96.59
  • Fund Size ₹939.52 Cr

Fund Return 38.75%

Category Return 42.44%

Mirae Asset Flexi Cap Fund Direct Growth

Very High Risk --

  • Category Rank 25Out of 33
  • NAV ₹13.96
  • Fund Size ₹1,648.72 Cr

Fund Return 38.52%

Category Return 42.44%

Axis Flexi Cap Fund Direct Growth

Very High Risk

  • Category Rank 26Out of 33
  • NAV ₹25.11
  • Fund Size ₹11,490.97 Cr

Fund Return 36.91%

Category Return 42.44%

Canara Robeco Flexi Cap Fund Direct Plan Growth Option

Very High Risk

  • Category Rank 27Out of 33
  • NAV ₹328.15
  • Fund Size ₹11,875.42 Cr

Fund Return 36.64%

Category Return 42.44%

Sundaram Flexi Cap Fund Direct Growth

Very High Risk --

  • Category Rank 28Out of 33
  • NAV ₹13.38
  • Fund Size ₹2,084.21 Cr

Fund Return 36.41%

Category Return 42.44%

Navi Flexi Cap Fund Direct Growth

Very High Risk

  • Category Rank 29Out of 33
  • NAV ₹23.38
  • Fund Size ₹251.47 Cr

Fund Return 34.41%

Category Return 42.44%

SBI Flexicap Fund Direct Growth

Very High Risk

  • Category Rank 30Out of 33
  • NAV ₹109.90
  • Fund Size ₹20,096.76 Cr

Fund Return 34.32%

Category Return 42.44%

Returns <= 1 year are absolute and > 1 year are annualised

Only Growth, Direct and Non-ETF schemes are considered

For Category returns, all scheme variants are considered

Best Mutual Funds in India, Top Performing Mutual Funds, Invest in MF (2024)

FAQs

Which is the No 1 mutual fund in India? ›

1) SBI Mutual Fund.

Which type of mutual fund gives highest return in India? ›

Here are 5 mutual fund schemes with highest 3-year returns along with their expense ratios: Quant Small Cap Fund(G) tops the chart with over 39% returns followed by Quant Mid Cap Fund(G), Nippon India Small Cap Fund(G), Quant Flexi Cap Fund(G) and Motilal Oswal Midcap Fund-Reg(G) in the same pecking order.

What are the top 5 performing mutual funds? ›

Best-performing U.S. equity mutual funds
TickerName5-year return (%)
STSEXBlackRock Exchange BlackRock16.27%
USBOXPear Tree Quality Ordinary16.13%
FGLGXFidelity Series Large Cap Stock16.08%
PRCOXT. Rowe Price U.S. Equity Research16%
3 more rows
Mar 29, 2024

Which is best platform for MF investment? ›

To Wrap It Up…
AppDownloadsRating
Coin by Zerodha10M+4.1/5
Groww1M+4.3/5
ET Money10M+4.5/5
PayTM Money10M+3.8/5
4 more rows
Mar 26, 2024

What is 5 star mutual fund? ›

The mutual fund ranking system of Value Research gives a quick measure of how a fund has performed in the past when compared to its peers, with five being the highest rating and one being the lowest. It takes into account the risk, returns, expense ratio and other relevant factors to arrive at such ratings.

Which mutual fund is best for next 5 years? ›

Equity Mutual Funds: SIP Performance in 5 years
  • Nippon India Small Cap Fund. ...
  • Quant Flexi Cap Fund. ...
  • Quant ELSS Tax Saver Fund. 1,428,661.33. ...
  • HSBC Small Cap Fund. 1,362,349.31. ...
  • SBI Contra Fund. 1,353,971.16. ...
  • Bank of India Small Cap Fund. 1,353,842.64. ...
  • Franklin India Smaller Cos Fund. 1,345,052.9. ...
  • HDFC Small Cap Fund. 1,343,394.33.
Feb 26, 2024

Which mutual funds give 30% return? ›

The other funds in the list were Tata Small Cap Fund, Bandhan Small Cap Fund, HDFC Mid Cap Opportunities Fund, and Canara Robeco Small Cap Fund. These schemes gave 30.73%, 30.13%, 30.10%, and 30% returns respectively.

Which type of MF gives highest return? ›

List of High Risk & High Returns in India Ranked by Last 5 Year Returns
  • Mirae Asset Midcap Fund. EQUITY Mid Cap. ...
  • Kotak Emerging Equity Fund. EQUITY Mid Cap. ...
  • PGIM India Midcap Opportunities Fund. EQUITY Mid Cap. ...
  • Nippon India Small Cap Fund. ...
  • Nippon India Growth Fund. ...
  • Kotak Small Cap Fund. ...
  • HDFC Small Cap Fund. ...
  • Edelweiss Mid Cap Fund.

Which is safest mutual fund? ›

Top 10 Low Risk Mutual Funds to Buy in the Share Market in India...
  • Bank of India Overnight Fund.
  • Mirae Asset Overnight Fund.
  • Axis Overnight Fund.
  • Kotak Equity Arbitrage Fund.
  • Tata Arbitrage Fund.
  • Nippon India Arbitrage Fund.
  • Axis Arbitrage Fund.
  • Aditya Birla Sun Life Arbitrage Fund.
Mar 7, 2024

Which mutual fund is best for 2024? ›

  • NFO of Canara Robeco Multicap Fund.
  • Quant MF.
  • Johnny Depp Case Settlement.
  • HDFC Defence Fund.
  • Consumption fund.
  • mutual funds Investment 2023.
  • Mutual funds investment.
  • small cap funds.
1 day ago

Which SIP is best for next 10 years? ›

Best SIP Plans for 10 Years in Debt Funds
  • HDFC Dynamic Debt Fund. ...
  • HDFC Income Fund. ...
  • Aditya Birla Sun Life Banking and PSU Debt Fund. ...
  • Aditya Birla Sun Life Equity Hybrid 95 Fund. ...
  • HDFC Hybrid Equity Fund. ...
  • HDFC Balanced Advantage Fund. ...
  • Reliance Balanced Advantage Fund. ...
  • ICICI Prudential Multi-Asset Fund.
Jan 10, 2024

Which fund to invest in 2024? ›

The Fidelity Cash Fund is one of the four funds selected by Fidelity's Investment Director Tom Stevenson as his picks of 2024. The Fidelity Global Technology Fund was the most popular actively managed equity fund over the quarter, ranking third for SIPP purchases and fifth for ISAs.

How to choose best mf in india? ›

To choose a mutual fund, define your investment objectives (e.g., retirement, education, wealth creation), choose a fund category (equity, debt, hybrid) based on your risk appetite, and evaluate historical returns, expense ratios, and fund managers.

Which MF is best for beginners? ›

Best equity mutual fund for beginners
NameSub-CategoryVolatility (%)
Quant Mid Cap FundMid Cap Fund14.47
ICICI Pru Smallcap FundSmall Cap Fund9.69
Kotak Small Cap FundSmall Cap Fund8.64
SBI LT Advantage Fund-IVEquity Linked Savings Scheme (ELSS)8.81
6 more rows
Feb 9, 2024

Is MF better than stocks? ›

All investments carry some degree of risk and can lose value if the overall market declines or, in the case of individual stocks, the company folds. Still, mutual funds are generally considered safer than stocks because they are inherently diversified, which helps mitigate the risk and volatility in your portfolio.

Which is the safest mutual fund in India? ›

Top 10 Low Risk Mutual Funds to Buy in the Share Market in India...
  • Invesco India Arbitrage Fund.
  • Edelweiss Arbitrage Fund.
  • Bank of India Overnight Fund.
  • Mirae Asset Overnight Fund.
  • Axis Overnight Fund.
  • Kotak Equity Arbitrage Fund.
  • Tata Arbitrage Fund.
  • Nippon India Arbitrage Fund.
Mar 7, 2024

Which mutual fund gives highest return in 1 year? ›

What are large cap mutual funds?
Large Cap funds1-year-return (%)
Quant Large Cap Fund56.31
Bank of India Bluechip Fund49.09
JM Large Cap Fund47.09
Nippon India Large Cap Fund46.42
4 more rows
Apr 8, 2024

Which is the best fund to invest in India? ›

10 Best Investment Options In India 2024
  • Public Provident Fund (PPF)
  • Post Office Monthly Income Scheme.
  • Government Bonds.
  • National Pension Scheme (NPS)
  • Sovereign Gold Bonds (SGBs)
  • Equity Mutual Funds.
  • Unit-linked Insurance Plans (ULIPs)
  • Gold Exchange-Traded Funds (ETFs)

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