Best Performing Mutual Funds in September| North Loop Official Blog
North Loop Logo
North Loop
14 Oct 2020

Best Performing Mutual Funds in September

thumbnail for Best Performing Mutual Funds in September
Credit: North Loop

Investing in investment instruments help people save and efficiently grow their wealth in order to meet their financial goals, be it buying a car or a house or funding your child’s education. Moreover, some investment instruments also have a lot of tax benefits, helping individuals reduce their tax liabilities. For the ones willing to risk it for the benefit of potentially high returns, Mutual Funds are the right way to head in terms of investments. The one main advantage of mutual funds is that investments can be diversified across several stocks and bonds and the expertise of the fund managers serves as the cherry on the top. One can invest in mutual funds by investing in monthly Systematic Investment Plans (SIPs) or a lump-sum. In this article, we will also be discussing the best mutual funds for SIP in India.

Types of Mutual Funds-

Mutual funds are broadly classified into the following categories-

1. Equity Schemes- Under equity schemes, investments are made into equities of various companies across all market capitalizations. These offer the highest returns among all mutual fund categories.
The different types of equity schemes are-

  • Multi-Cap Funds
  • Large Cap Funds
  • Large and Mid-Cap Funds
  • Mid Cap Funds
  • Small-Cap Funds
  • ELSS (Equity Linked Savings Schemes)
  • Sector/Thematic Funds
  • Value Fund
  • Focused Fund
  • Dividend Yield Fund
  • Contra Fund


2. Hybrid Funds- Under Hybrid Funds, investments are made into a mix of equities as well as debt instruments. Hybrid funds offer the best of both worlds and also offer an avenue to diversify investments as well as risks. The different types of hybrid funds are-

  • Aggressive Hybrid Fund
  • Arbitrage Fund
  • Dynamic Asset Allocation/Balanced Advantage
  • Equity Savings
  • Fixed Maturity Plans- Hybrid
  • Conservative Hybrid Fund
  • Multi-Asset Allocation
  • Capital Protection Funds


3.Debt Funds- Under Debt Funds, investments are made into debt and fixed income instruments like government bonds, treasury bills, etc. These investment instruments expose investors to lesser risk and the returns are relatively more stable.
The different types of debt funds are-

  • Low Duration Funds
  • Short and Ultra Short Duration Funds
  • Money Market Funds
  • Floater Funds
  • Corporate Bond Funds
  • Credit Risk Funds
  • Fixed Maturity Plans
  • Medium Duration Funds
  • Dynamic Bond Funds
  • Medium To Long Duration Funds
  • Gilt Fund
  • Long Duration Funds

Start investing for free with North Loop and get personalized recommendations

Best mutual funds to invest- Equity-

Given Below are the best mutual funds to invest in (Equity Schemes)-

Multi-Cap Funds- These are the type of funds under which investments are made into companies across various market capitalizations to diversify the investment portfolio.

Best Multi Cap Funds
Name AUM Size (in Rs.)1 Year Returns3 Year Returns5 Year Returns
Parag Parikh Long Term Equity FundRs. 4798 crores29.66%13.9%15.15%
Quant Active FundRs. 66 crores29.63%11.43%12.88%
PGIM India Diversified Equity FundRs. 280 crores24.19%9%11.19%


Large Cap Funds- These are the type of funds under which investments are made in companies with large market capitalizations.

Best Large Cap Funds
Name AUM Size (in Rs.)1 Year Returns3 Year Returns5 Year Returns
Axis Bluechip FundRs. 17,270 crores5.98%10.83%12.54%
ICICI Prudential Sensex Index FundRs. 146 crores7.73%8.54%NA
Canara Robeco Bluechip Equity Fund788 crores13.79%10.33%11.97%


Large and Mid Cap Funds- These are the type of funds under which investments are made in a mix of companies with large and medium market capitalizations.

Best Large and Mid-Cap Funds
Name AUM Size (in Rs.)1 Year Returns3 Year Returns5 Year Returns
Mirae Asset Emerging Bluechip FundRs. 11,466 crores15.32%7.45%15.07%
Invesco India Growth Opportunities FundRs. 2960 crores5.9%6.24%11.05%
Canara Robeco Emerging Equities FundRs. 5987 crores14.23%5.3%11.74%


Mid-Cap Funds- These are the type of funds under which investments are made in companies with medium-scale market capitalizations.

Best Mid-Cap Funds
Name AUM Size (in Rs.)1 Year Returns3 Year Returns5 Year Returns
Axis Midcap FundRs. 6732 crores13.84%11.44%12.06%
Invesco India Mid Cap FundRs. 1005 crores14.49%6.6%10.97%
DSP Midcap FundRs. 8274 crores16.45%4.79%11.81%


Small-Cap Funds- These are the type of funds under which investments are made in companies with small-scale market capitalizations.

Best Small-Cap Funds
Name AUM Size (in Rs.)1 Year Returns3 Year Returns5 Year Returns
SBI Small Cap FundRs. 532 crores14.375.06%13.86%
Axis Small Cap FundRs. 2930 crores13.35%9.66%12.72%
Kotak Small Cap FundRs. 1811 crores17.68%2.98%9.99%


ELSS (Equity Linked Savings Schemes)- These are long term funds that allow one to save tax under Section 80C.

Best ELSS (Equity Linked Savings Schemes)
Name AUM Size (in Rs.)1 Year Returns3 Year Returns5 Year Returns
Mirae Asset Tax Saver FundRs. 4720 crores14.85%8.86%NA
Quant Tax PlanRs. 17 crores33.17%9.81%16.11%
Canara Robeco Equity Tax Saver FundRs. 1181 crores17.37%10.8%11.5%


Sector/Thematic Funds- These are the type of funds under which investments are made into equities of one particular sector.

Best Sector/Thematic Funds (Banking Sector)
Name AUM Size (in Rs.)1 Year Returns3 Year Returns5 Year Returns
SBI Banking & Financial Services FundRs. 1495 croresNA4.86%13.24%
Invesco India Financial Services FundRs. 195 croresNA1.62%10.83%
Sundaram Financial Services Opportunities RetRs. 1181 croresNA1.01%7.76%


Value Mutual Funds- These are the type of funds that are selling for less at the moment but have high potential in the future.

Best Value Mutual Funds
Name AUM Size (in Rs.)1 Year Returns3 Year Returns5 Year Returns
Invesco India Contra FundRs. 4967 crores11.15%6.63%12.26%
Kotak India EQ Contra FundRs. 810 crores6.33%6.56%11.14%
UTI Value Opportunities FundRs. 4340 crores9.42%6.63%7.43%


Dividend Yield Mutual Funds- These are the types of funds wherein investments are made into dividend-paying stocks.

Dividend Yield Mutual Funds
Name AUM Size (in Rs.)1 Year Returns3 Year Returns5 Year Returns
Principal Dividend Yield FundRs. 168 crores9.85%4.04%10.63%
UTI Dividend YieldRs. 2233 crores7.5%4.76%8.5%
Templeton India Equity Income FundRs. 799 crores6.33%6.56%11.14%


Focused Mutual Funds- These are the type of funds wherein investments are made in specific industries/segments.

Best Focused Mutual Funds
Name AUM Size (in Rs.)1 Year Returns3 Year Returns5 Year Returns
SBI Focused Equity FundRs. 10,114 crores2.63%7.03%10.59%
Axis Focused 25 FundRs. 11,455 crores5.54%7.66%13.09%
Templeton India Equity Income FundRs. 399 crores9.88%5.84%9.4%

Best Mutual Fund Investments (Hybrid Funds)

Given below are some of the best mutual fund investments with regard to Hybrid funds-

Conservative Hybrid Mutual Funds- These are the type of mutual funds wherein a maximum of 35% is invested in stocks, with the remainder being invested in FD like instruments.

Best Conservative Hybrid Mutual Funds
Name AUM Size (in Rs.)1 Year Returns3 Year Returns5 Year Returns
HDFC Retirement Savings Fund- Hybrid Debt PlanRs. 88 crores9.07%6.34%NA
ICICI Prudential Regular Savings FundRs. 2115 crores10.65%8.17%9.72%
Nippon India Retirement FundRs. 250 crores9.05%6.65%8.1%


Aggressive Hybrid Mutual Funds-These are the type of mutual funds wherein a maximum of 75% is invested in stocks, with the remainder being invested in FD-like instruments.

Best Aggressive Hybrid Mutual Funds
Name AUM Size (in Rs.)1 Year Returns3 Year Returns5 Year Returns
BNP Paribas Substantial Equity Hybrid FundRs. 452 crores8.89%8.89%NA
Mirae Asset Hybrid Equity FundRs. 3735 crores9.89%7.4%11.76%
HDFC Retirement Savings FundRs. 441 crores8.15%5.95%NA


Balanced Hybrid Mutual Funds- These are the type of mutual funds wherein a maximum of 50% is invested in stocks, with the remainder being invested in FD-like instruments.

Best Balanced Hybrid Mutual Funds
Name AUM Size (in Rs.)1 Year Returns3 Year Returns5 Year Returns
ICICI Prudential Asset Allocator Fund (FOF)Rs. 7964 crores7.22%7.59%9.89%
Franklin India Pension FundRs. 419 crores4.99%4.94%6.99%
ICICI Prudential Passive Strategy Fund (FOF)Rs. 74 crores0.78%1.92%NA


Equity Savings Mutual Funds-These are the type of mutual funds wherein a maximum of 35% is invested in debt securities, with the remainder being invested in FD-like instruments.

Best Equity Savings Mutual Funds
Name AUM Size (in Rs.)1 Year Returns3 Year Returns5 Year Returns
Edelweiss Equity Savings FundRs. 75 crores9.8%7.7%8.16%
Axis Equity Saver FundRs. 676 crores6.08%7.21%7.89%
Kotak Equity Savings FundRs. 1351 crores8.91%6.94%8.29%

Best Mutual Funds in India (Debt Funds)-

Given below are some of the best mutual fund in India with regard to Debt funds-

Low Duration Funds are debt funds that lend money to corporations for a time period between 6 -12 months.

Best Low Duration Funds
Name AUM Size (in Rs.)1 Year Returns3 Year Returns5 Year Returns
Nippon India Low Duration FundRs. 5283 crores8.42%7.58%7.83%
Invesco India Treasury Advantage Fund-Rs. 2278 crores8.03%8.02%8.07%
Kotak Equity Savings FundRs. 3191 crores7.45%7.87%7.99%


Medium Duration Funds are debt funds that lend money to corporations for a time period between 2-4 years.

Best Low Duration Funds
Name AUM Size (in Rs.)1 Year Returns3 Year Returns5 Year Returns
Nippon India Low Duration FundRs. 5283 crores8.42%7.58%7.83%
Invesco India Treasury Advantage Fund-Rs. 2278 crores8.03%8.02%8.07%
Kotak Equity Savings FundRs. 3191 crores7.45%7.87%7.99%


Dynamic Bond Mutual Funds- These are the type of mutual funds wherein asset allocation strategies are dynamic to the changing market conditions.

Best Dynamic Bond Mutual Funds
Name AUM Size (in Rs.)1 Year Returns3 Year Returns5 Year Returns
ICICI Prudential All Seasons Bond FundRs. 4529 crores13.49%9.31%10.14%
Edelweiss Dynamic Bond FundRs. 102 crores7.87%8.47%8.15%
Mirae Asset Dynamic Bond FundRs. 119 crores11.16%9.48%NA


Gilt Funds- These are the type of mutual funds wherein investments are made into government securities in a passive way.

Best Gilt Funds
Name AUM Size (in Rs.)1 Year Returns3 Year Returns5 Year Returns
IDFC GSF Investment FundRs. 1596 crores14.31%10.89%10.37%
Aditya Birla Sun Life Government Securities FundRs. 574 crores12.06%9.4%10.16%
Axis Gilt FundRs. 140 crores12.74%9.33%9.16%


Credit Risk Debt Funds- These are the type of funds wherein at least 65% of the money lent to not-so highly rated companies.

Best Credit Risk Debt Funds
Name AUM Size (in Rs.)1 Year Returns3 Year Returns5 Year Returns
IDFC Credit Risk FundRs. 795 crores8.72%7.69%NA
Invesco India Credit Risk FundRs. 146 crore9.61%3.24%5.96%
ICICI Prudential Credit Risk FundRs. 6563 crores10.88%8.9%9.16%


Liquid Funds are debt funds that lend money to corporations for a time period between of up to 91 days.

Best Liquid Funds
Name AUM Size (in Rs.)1 Year Returns3 Year Returns5 Year Returns
Quant Liquid PlanRs. 70 crores5.75%6.84%7.13%
Franklin India Liquid FundRs. 2132 crores4.98%6.54%6.88%
Tata Liquid FundRs. 15,556 crores4.9%6.43%6.8%


Ultra Short Duration Funds are debt funds that lend money to corporations for a time period between 3-6 months.

<
Best Ultra Short Duration Funds
Name AUM Size (in Rs.)1 Year Returns3 Year Returns5 Year Returns
ICICI Prudential Ultra Short Term FundRs. 7413 crores7.87%8.08%8.79%
SBI Magnum Ultra Short Duration FundRs. 10,122 crores6.61%7.59%7.5%
Invesco India Ultra Short Term FundRs. 589 crores6.28%7.33%7.96%

North Loop offers some of the best mutual funds for SIP in India, with round-up investing, and an automated set of rules and goals. Sign Up here to invest in the best mutual funds in India.

Save money with

No-fee banking, investments, remittances & insurance for the global Indian

This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended be advice. You must obtain professional advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax, investment or other professional advice from North Loop or its affiliates. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. All opinions expressed do not reflect the views of North Loop nor are endorsed by North Loop.