Best Mutual Funds to Invest in India in 2019

Best Mutual Funds, selected by
Finpeg's proprietary CRAFT Framework
Top funds across categories
Know More

Category-wise ranking of best mutual funds in 2019

Best Large Cap Mutual Funds
1
Reliance Large Cap Fund
Details +
Close −
Long-term percentile rank
30.0%
Top-25 Percentage
51.3%
Downside Deviation
5.6%
Near-term percentile rank
21.5%
Total AUM
₹ 11,740 cr
Average Return in 2008-09
-3.6%
Fund Manager Since
June 2007
2
Aditya Birla SL Frontline Equity
Details +
Close −
Long-term percentile rank
24.1%
Top-25 Percentage
59.2%
Downside Deviation
4.9%
Near-term percentile rank
56.4%
Total AUM
₹ 21,175 cr
Average Return in 2008-09
1.6%
Fund Manager Since
Nov 2005
3
HDFC Top 100 Fund
Details +
Close −
Long-term percentile rank
34.3%
Top-25 Percentage
37.6%
Downside Deviation
4.9%
Near-term percentile rank
52.0%
Total AUM
₹ 15,264 cr
Average Return in 2008-09
4.9%
Fund Manager Since
Jan 2002
4
SBI Bluechip Fund
Details +
Close −
Long-term percentile rank
36.9%
Top-25 Percentage
49.2%
Downside Deviation
5.8%
Near-term percentile rank
49.6%
Total AUM
₹ 20,610 cr
Average Return in 2008-09
-5.0%
Fund Manager Since
Sep 2010
5
ICICI Pru Bluechip Fund
Details +
Close −
Long-term percentile rank
20.8%
Top-25 Percentage
58.9%
Downside Deviation
3.8%
Near-term percentile rank
22.0%
Total AUM
₹ 20,115 cr
Average Return in 2008-09
NA
Fund Manager Since
Jul 2017
Rationale +
Start AlphaSIP →
Best Small Cap Mutual Funds
1
SBI Small Cap Fund
Details +
Close −
Long-term percentile rank
27.8%
Top-25 Percentage
46.1%
Downside Deviation
11.1%
Near-term percentile rank
16.1%
Total AUM
₹ 1,438 cr
Average Return in 2008-09
NA
Fund Manager Since
Nov 2013
2
L&T Emerging Business Fund
Details +
Close −
Long-term percentile rank
14.3%
Top-25 Percentage
92.0%
Downside Deviation
2.7%
Near-term percentile rank
33.2%
Total AUM
₹ 5,631 cr
Average Return in 2008-09
NA
Fund Manager Since
May 2014
3
HDFC Small Cap Fund
Details +
Close −
Long-term percentile rank
62.6%
Top-25 Percentage
11.0%
Downside Deviation
7.0%
Near-term percentile rank
16.4%
Total AUM
₹ 6,013 cr
Average Return in 2008-09
NA
Fund Manager Since
June 2014
4
Franklin India Smaller Cos Fund
Details +
Close −
Long-term percentile rank
41.6%
Top-25 Percentage
24.2%
Downside Deviation
9.7%
Near-term percentile rank
55.0%
Total AUM
₹ 6,983 cr
Average Return in 2008-09
-9.5%
Fund Manager Since
Feb 2008
5
Reliance Small Cap Fund
Details +
Close −
Long-term percentile rank
24.3%
Top-25 Percentage
51.7%
Downside Deviation
9.4%
Near-term percentile rank
26.6%
Total AUM
₹ 7,461 cr
Average Return in 2008-09
NA
Fund Manager Since
Jan 2017
Rationale +
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Best Mutual Funds to Invest in India in 2019

Best Mutual Funds, selected by
Finpeg's proprietary CRAFT Framework
Top funds across categories
Know More

Category-wise ranking of best mutual funds in 2019

Best Large Cap Mutual Funds
1
Reliance Large Cap Fund
+
Long-term percentile rank
30.0%
Top-25 Percentage
51.3%
Downside Deviation
5.6%
Near-term percentile rank
21.5%
Total AUM
₹ 11,740 cr
Average Return in 2008-09
-3.6%
Fund Manager Since
June 2007
2
Aditya Birla SL Frontline Equity
+
Long-term percentile rank
24.1%
Top-25 Percentage
59.2%
Downside Deviation
4.9%
Near-term percentile rank
56.4%
Total AUM
₹ 21,175 cr
Average Return in 2008-09
1.6%
Fund Manager Since
Nov 2005
3
HDFC Top 100 Fund
+
Long-term percentile rank
34.3%
Top-25 Percentage
37.6%
Downside Deviation
4.9%
Near-term percentile rank
52.0%
Total AUM
₹ 15,264 cr
Average Return in 2008-09
4.9%
Fund Manager Since
Jan 2002
4
SBI Bluechip Fund
+
Long-term percentile rank
36.9%
Top-25 Percentage
49.2%
Downside Deviation
5.8%
Near-term percentile rank
49.6%
Total AUM
₹ 20,610 cr
Average Return in 2008-09
-5.0%
Fund Manager Since
Sep 2010
5
ICICI Pru Bluechip Fund
+
Long-term percentile rank
20.8%
Top-25 Percentage
58.9%
Downside Deviation
3.8%
Near-term percentile rank
22.0%
Total AUM
₹ 20,115 cr
Average Return in 2008-09
NA
Fund Manager Since
Jul 2017
Rationale +
Start AlphaSIP →
Best Small Cap Mutual Funds
1
SBI Small Cap Fund
+
Long-term percentile rank
27.8%
Top-25 Percentage
46.1%
Downside Deviation
11.1%
Near-term percentile rank
16.1%
Total AUM
₹ 1,438 cr
Average Return in 2008-09
NA
Fund Manager Since
Nov 2013
2
L&T Emerging Business Fund
+
Long-term percentile rank
14.3%
Top-25 Percentage
92.0%
Downside Deviation
2.7%
Near-term percentile rank
33.2%
Total AUM
₹ 5,631 cr
Average Return in 2008-09
NA
Fund Manager Since
May 2014
3
HDFC Small Cap Fund
+
Long-term percentile rank
62.6%
Top-25 Percentage
11.0%
Downside Deviation
7.0%
Near-term percentile rank
16.4%
Total AUM
₹ 6,013 cr
Average Return in 2008-09
NA
Fund Manager Since
June 2014
4
Franklin India Smaller Cos Fund
+
Long-term percentile rank
41.6%
Top-25 Percentage
24.2%
Downside Deviation
9.7%
Near-term percentile rank
55.0%
Total AUM
₹ 6,983 cr
Average Return in 2008-09
-9.5%
Fund Manager Since
Feb 2008
5
Reliance Small Cap Fund
+
Long-term percentile rank
24.3%
Top-25 Percentage
51.7%
Downside Deviation
9.4%
Near-term percentile rank
26.6%
Total AUM
₹ 7,461 cr
Average Return in 2008-09
NA
Fund Manager Since
Jan 2017
Rationale +
Start AlphaSIP →
Best Multi Cap Mutual Funds
1
Mirae Asset India Equity Fund
Details +
Close −
+
Long-term percentile rank
22.6%
Top-25 Percentage
63.3%
Downside Deviation
5.4%
Near-term percentile rank
23.6%
Total AUM
₹ 10,036 cr
Average Return in 2008-09
NA
Fund Manager Since
May 2008
2
Kotak Standard Multi Cap Fund
Details +
Close −
+
Long-term percentile rank
28.3%
Top-25 Percentage
45.3%
Downside Deviation
6.3%
Near-term percentile rank
47.9%
Total AUM
₹ 21,719 cr
Average Return in 2008-09
NA
Fund Manager Since
Aug 2012
3
Reliance Multi Cap fund
Details +
Close −
+
Long-term percentile rank
37.4%
Top-25 Percentage
47.3%
Downside Deviation
5.5%
Near-term percentile rank
34.7%
Total AUM
₹ 10,063 cr
Average Return in 2008-09
-3.9%
Fund Manager Since
Mar 2005
4
Aditya Birla SL Equity Fund
Details +
Close −
+
Long-term percentile rank
39.8%
Top-25 Percentage
44.9%
Downside Deviation
7.8%
Near-term percentile rank
60.6%
Total AUM
₹ 10,148 cr
Average Return in 2008-09
-6.2%
Fund Manager Since
Oct 2012
Rationale +
Start AlphaSIP →
Best Mid Cap Mutual Funds
1
L&T Mid Cap Fund
Details +
Close −
+
Long-term percentile rank
43.5%
Top-25 Percentage
23.9%
Downside Deviation
10.0%
Near-term percentile rank
35.2%
Total AUM
₹ 3,685 cr
Average Return in 2008-09
-4.5%
Fund Manager Since
June 2013
2
HDFC Mid Cap Opportunities Fund
Details +
Close −
+
Long-term percentile rank
25.4%
Top-25 Percentage
53.3%
Downside Deviation
7.3%
Near-term percentile rank
48.9%
Total AUM
₹ 21,085 cr
Average Return in 2008-09
-4.2%
Fund Manager Since
May 2007
3
DSP Mid Cap Fund
Details +
Close −
+
Long-term percentile rank
37.8%
Top-25 Percentage
42.4%
Downside Deviation
8.6%
Near-term percentile rank
63.3%
Total AUM
₹ 5,704 cr
Average Return in 2008-09
-2.9%
Fund Manager Since
Jul 2012
4
Sundaram Mid Cap Fund
Details +
Close −
+
Long-term percentile rank
34.5%
Top-25 Percentage
44.0%
Downside Deviation
8.8%
Near-term percentile rank
75.1%
Total AUM
₹ 5,955 cr
Average Return in 2008-09
3.1%
Fund Manager Since
Nov 2012
Rationale +
Start AlphaSIP →
Best Large & Mid Cap Mutual Funds
1
Mirae Asset Emerging Bluechip Fund
Details +
Close −
+
Long-term percentile rank
7.4%
Top-25 Percentage
100%
Downside Deviation
8.2%
Near-term percentile rank
40.3%
Total AUM
₹ 6,340 cr
Average Return in 2008-09
NA
Fund Manager Since
May 2010
2
Principal Emerging Bluechip Fund
Details +
Close −
+
Long-term percentile rank
27.8%
Top-25 Percentage
77.4%
Downside Deviation
9.6%
Near-term percentile rank
34.2%
Total AUM
₹ 2,054 cr
Average Return in 2008-09
NA
Fund Manager Since
June 2011
3
Canara Rob Emerging Equities Fund
Details +
Close −
+
Long-term percentile rank
33.1%
Top-25 Percentage
66.7%
Downside Deviation
6.3%
Near-term percentile rank
30.0%
Total AUM
₹ 4,064 cr
Average Return in 2008-09
-12.1%
Fund Manager Since
April 2018
Rationale +
Start AlphaSIP →
Best Focused Mutual Funds
1
SBI Focused Equity Fund
Details +
Close −
+
Long-term percentile rank
46.9%
Top-25 Percentage
31.1%
Downside Deviation
4.2%
Near-term percentile rank
16.3%
Total AUM
₹ 3,364 cr
Average Return in 2008-09
-14.1%
Fund Manager Since
May 2009
2
Franklin India Focused Equity Fund
Details +
Close −
+
Long-term percentile rank
37.3%
Top-25 Percentage
27.0%
Downside Deviation
8.0%
Near-term percentile rank
72.0%
Total AUM
₹ 7,517 cr
Average Return in 2008-09
-5.1%
Fund Manager Since
June 2012
3
Aditya Birla SL Focused Equity Fund
Details +
Close −
+
Long-term percentile rank
51.4%
Top-25 Percentage
10.4%
Downside Deviation
5.0%
Near-term percentile rank
74.2%
Total AUM
₹ 4,043 cr
Average Return in 2008-09
-4.5%
Fund Manager Since
Jul 2010
Rationale +
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Understanding the CRAFT Framework
Categorize, Rank & Filter

best-mutual-funds-india-2019

Categorize, based on Fund Type

The first step is to categorize the funds into different categories based on their type. For example, large cap is one such category. The main idea here is that you want to compare funds within a category and NOT across categories. Something on the lines of making apple-to-apple comparison.

Rank, based on Fund Performance

Once we have the categories, the next step is to rank the funds within each category. Ranking should be done for funds within a category and NOT across categories. The guiding philosophy that this framework follows can be summed up in a single sentence – “Long-term track record of consistent performance”.

Filter, based on qualitative assessment

And finally, once we have ranked the funds, we should filter funds based on qualitative assessment. Qualitative factors include any recent change in fund manager, total size of the fund and performance of the fund during times of steep market crash.

Understanding the terminology

Long-term Percentile Rank

This is average percentile rank of the fund since Jan 2004 based on 3-year return. This is a measure of a fund's performance with respect to its peers. Lower the rank, better the performance.

Top25 Percentage

This is the percentage to capture the number of times the fund was in 25% since Jan 2004. This is a measure of consistency of performance of a fund. The higher the percentage, better the consistency.

Downside Deviation

A variant of standard deviation. It only captures deviation below the average return. This captues the risk associated with the fund. Lower the deviation, lower is the risk.

Near-term Percentile Rank

Average percentile rank of the fund in last 1 year based on 1-year return. This is a measure of a fund's recent performance with respect to its peers. Lower the rank, better the performance.

Average Return in 2008-09

Average 1-year return delivered by the fund during the crash of 2008-09. This captues the performance of the fund during times of stress.