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Top High-Return Mutual Funds in India to Invest

Updated on :  

08 min read.

A mutual fund is one of the most preferred investment vehicles among investors due to its diverse nature and potential for exceptional gains. Finding the best mutual fund to invest in from the thousands of options available in India is like finding a needle in a haystack. However, this task can get easier with proper market research and sorting your investment goals. 

Multiple top-performing mutual funds exist, but not one is best for everyone. A mutual fund which is best for you is the one most compatible with your risk appetite, investment objective and investment horizon. Here you can find the top-performing high-return mutual funds to invest in from different categories.  

Best high-return mutual funds in India 

Find below the lists, including the top 10 mutual funds of equity, debt and hybrid categories. The lists include their three years CAGR

Top 10 high-performing equity mutual funds

                Name of the Fund                 3-Years CAGR  
Quant Tax Plan42.19%
SBI Contra Fund 32.40%
Parag Parikh Tax Saver Fund25.77% 
IDFC Tax Advantage (ELSS) Fund25.62% 
Canara Robeco Equity Tax Saver Fund23.05%
HDFC Flexi Cap Fund22.21%
Kotak Tax Saver Fund20.72% 
IDBI Flexi Cap Fund20.01%
Canara Robeco Flexi Cap Fund19.92%
UTI Flexi Cap Fund18.29%

* Returns data as on 7 December 2022

Top 10 high-performing debt mutual funds

                Name of the Fund                 3-Years CAGR  
ICICI Prudential Banking & PSU Debt Fund6.54%
IDFC Banking & PSU Debt Fund6.21%
Axis Corporate Debt Fund7.01%
ICICI Prudential Corporate Bond Fund6.69%
UTI Corporate Bond Fund6.23%
Invesco India Credit Risk Fund5.54%
Canara Robeco Dynamic Bond Fund5.50%
HSBC Dynamic Bond Fund5.55%
ICICI Prudential All Seasons Bond Fund7.92%
JM Dynamic Bond Fund5.40%

* Returns data as on 7 December 2022

Top 10 high-performing hybrid mutual funds

                Name of the Fund                 3-Years CAGR  
Canara Robeco Equity Hybrid Fund16.65%
Edelweiss Aggressive Hybrid Fund18.16%
Kotak Equity Hybrid Fund19.01%
Quant Absolute Fund32.95%
UTI Hybrid Equity Fund18.11%
Edelweiss Arbitrage Fund4.81%
Invesco India Arbitrage Fund4.82%
UTI Arbitrage Fund4.51%
Canara Robeco Conservative Hybrid Fund10.50%
HSBC Conservative Hybrid Fund8.63%

* Returns data as on 7 December 2022

How to invest in high-return mutual funds?

There are more than one ways to invest in these schemes. 

You can invest in mutual funds by collecting and submitting a properly filled application form at the nearest bank branch along with a cheque or bank draft. You can also submit this form at the designated Investor Service Centres or through the Registrar and Transfer Agents of that particular scheme. 

You can also invest through the website or app (if available) of the scheme. 

Another way of investing in these schemes is through financial intermediaries or distributors. These Mutual Fund Distributors are individuals or establishments such as brokerage firms registered with AMFI

What are the things to consider to select high-performing mutual funds?

Here are a few factors you should consider checking before you start investing in a mutual fund: 

  • Investment objective 

You should assess your financial objectives carefully before choosing a fund and then invest in the one compatible with your goals. These schemes are one of the best investment tools for wealth creation, and there are thousands of them offered. 

For example, equity funds are high-risk mutual funds but also bring high returns in the long run. Hence, it can be an ideal choice if you have long-term investment goals and high-risk tolerance. 

  • Expense ratio

The fund house, also known as the Asset Management Company, charges some fees as its managerial and operational expenses. This amount is expressed as a percentage of the fund’s assets and is known as the expense ratio. You should consider checking this ratio of the chosen scheme and preferably invest in the one with a lower expense ratio, as it affects your return.   

  • Fund manager’s expertise

Fund managers’ performance and expertise are reflected in the fund’s performance as they are responsible for managing the funds by allocating assets for mitigating risk. Hence, it is crucial that you look at the fund manager’s performance before you invest in any fund. 

  • Historical performance

A fund’s track record consists of its performance over time. You will be able to assess how consistently the fund has been performing during market fluctuations. However, if you are planning to invest in a relatively newer mutual fund, this assessment can be challenging as they do not have a performance history. 

If you have been planning to invest in mutual funds, you can choose any of the schemes mentioned above. However, it is essential to carefully consider your financial goals, investment objectives, expense ratio and such and other factors before choosing an ideal fund. 

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