Best Mutual Funds for Senior Citizens in India 2026: Top Low Risk Options
In today’s world, there are several wealth-generation options for senior citizens, like fixed deposits, Senior Citizen Saving Schemes (SCSC), mutual funds, etc. They serve as an excellent way to build wealth and yield regular income in one’s retirement years.
However, when it comes to mutual funds, there is a common misconception that these instruments are too risky and, therefore, not a suitable investment tool for senior citizens.
This is not true, as there are several mutual funds that are custom-made, keeping in mind the needs and risk tolerance of aged individuals. To know about the best mutual funds for senior citizens, read on.
Top Mutual Funds for Senior Citizens
For senior citizens, balanced advantage, multi-asset, equity savings, and conservative hybrid funds can help generate regular income while keeping volatility relatively lower than pure equity funds. Few top performing funds are listed below:
| Fund Name | 1Y Return | 3Y Return (CAGR) | 5Y Return (CAGR) | AUM |
| HDFC Balanced Advantage Fund | 12.30% | 20.40% | 14.70% | 1,05,378 |
| ICICI Prudential Balanced Advantage Fund | 11.10% | 17.80% | 10.40% | 70,551 |
| ICICI Prudential Multi Asset Fund | 7.60% | 19.30% | 18.20% | 84,165 |
| Quant Multi Asset Allocation Fund | 21.80% | 19.00% | 21.00% | 5,615 |
| HSBC Equity Savings Fund | 9.50% | 12.40% | 10.20% | 646 |
| Sundaram Equity Savings Fund | 8.80% | 12.00% | 10.10% | 1,051 |
| SBI Equity Savings Fund | 8.50% | 11.80% | 9.80% | 4,300 |
| Kotak Equity Savings Fund | 8.30% | 11.20% | 9.50% | 5,900 |
| HDFC Hybrid Equity Fund | 14.20% | 18.50% | 16.00% | 30,000 |
| SBI Conservative Hybrid Fund | 9.00% | 11.50% | 9.70% | 1,450 |
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