Many investors keep wondering whether they picked up the right schemes even after investing in them for a few years, as they land on sites where mutual fund schemes would be listed on the basis of their performance over a short period.

So, here is one top scheme from 10 different categories of mutual fund: large-cap, mid-cap, small-cap, multi-cap, ELSS, sector fund, hybrid schemes, debt, index, and gold fund.

 

Here is the list of top performing schemes of 2018 from every mutual fund category.

Best Performing Mutual Funds in India 2018 – At a glance

Aditya Birla Sun Life Tax Relief 96
Fund Name 1Y 3Y 5Y Category Risk
Aditya Birla Sun Life Tax Plan - Direct - Growth -1.46% 13.34% 20.62% Equity
(ELSS)
Moderately High
mirae asset India equity fund
Fund Name 1Y 3Y 5Y Category Risk
Mirae Asset India Equity Fund - Direct - Growth 1.7% 15.4% 20.78% Equity
(Multi Cap)
Moderately High
Mirae Asset Emerging Bluechip Fund
Fund Name 1Y 3Y 5Y Category Risk
Mirae Asset Emerging Bluechip Fund - Direct - Growth -1.59% 17.92% 29.85% Equity
(Large & Mid Cap)
Moderately High
HDFC Small Cap Fund
Fund Name 1Y 3Y 5Y Category Risk
HDFC Small Cap Fund - Direct - Growth 1.38% 18.72% NA Equity
(Small Cap)
Moderately High
Motilal Oswal Multicap 35 Fund
Fund Name 1Y 3Y 5Y Category Risk
Motilal Oswal Multicap 35 Fund - Direct - Growth -5.45% 13.09% NA Equity
(Multi Cap)
Moderately High
Sundaram Rural India Fund
Fund Name 1Y 3Y 5Y Category Risk
Sundaram Rural and Consumption Fund - Direct - Growth -6.69% 16.18% 20.73% Equity
(Sectoral/Thematic)
Moderately High
ICICI Prudential Nifty Next 50 Index Fund
Fund Name 1Y 3Y 5Y Category Risk
ICICI Prudential Nifty Next 50 Index Fund - Direct - Growth -7.39% 13.1% 18.51% Others
(Index)
Moderately High
L&T Low Duration Fund
Fund Name 1Y 3Y 5Y Category Risk
L&T Low Duration Fund - Direct - Growth 5.96% 8.39% 9.14% Debt
(Low Duration)
Moderate
ICICI Prudential Balanced Advantage Fund
Fund Name 1Y 3Y 5Y Category Risk
ICICI Prudential Balanced Advantage Fund - Direct - Growth 3.02% 10.5% 14.35% Hybrid
(Balanced Advantage)
Moderate
SBI Gold Fund
Fund Name 1Y 3Y 5Y Category Risk
SBI Gold Fund - Direct - Growth 4.02% 5.34% -1.05% Others
(FoF Domestic)
Moderately High

Best Performing Mutual Funds in India 2018 – Details

We will now look at the details of these funds, with respect to the different categories.

Tax Saving ELSS Fund

ELSS Mutual Funds are getting very popular with users because of the benefits they offer – higher returns, lower lock-in and lower minimum investments.

The best ELSS mutual fund allows investors to save tax and also provides an opportunity for long-term capital appreciation. The best tax saving mutual fund 2018, you need to invest in, is:

Aditya Birla Sun Life Tax Relief 96

This, one of the best ELSS funds to invest in 2018, is an Open Ended fund with a lock-in of 3 years and launched on March 06, 2008. It is a fund with moderately high risk and has given a return of 25.54 % since its launch.

Aditya Birla Sun Life Tax Relief 96 Fund Review 2018

Invest in Aditya Birla SL Tax Relief 96 Now

  • This fund has been rated as a 5-star fund by Groww and is among top 3 ELSS funds.
  • AUM of close to ₹4759 Cr.
  • Age is nearly 10 years. So its performance can be easily judged.
  • Has consistently outperformed its benchmark S&P BSE 200 Fund since its launch.
  • The top portfolio holdings of the fund include Sundaram Clayton Ltd., Honeywell Automation India Ltd., Gillette India Ltd., Bayer CropScience Ltd., Reliance Industries Ltd., Pfizer Ltd. etc.
  • The holdings are balanced across various sectors with maximum weight given to the Consumer Goods (19.6%) followed by Financial Services (17.3%) and Automobile (14.9%).

  • Minimum SIP = ₹500
  • Equity share =98.8% , Debt share = 0% and Cash =1.2%

  • Large Cap share= 39.7% , Mid Cap share = 60.2% and Small Cap share = 0.2%

Large Cap Fund

Large-cap companies are big, well-established companies of the equity market. These companies are strong, reputable and trustworthy.

Large-cap companies generally are top 100 companies in a market. When mutual funds invest their capital in large-cap companies then these funds are called Large Cap equity funds.

The best large-cap mutual fund 2018, you need to invest in, is:

Mirae Asset India Equity Fund

This is a Large Cap Equity Oriented Mutual Fund launched on April 04, 2008. It is a fund with moderately high risk and has given a return of 16.88% since its launch.

Invest in Mirae Asset India Equity Fund Now

  • This fund has been rated as a 5-star fund by Groww.
  • AUM of close to ₹6123 Cr.
  • Age is nearly 10 years.
  • Has consistently outperformed its benchmark S&P BSE 200 Fund since its launch.
  • The top portfolio holdings of the fund include ICICI Bank Ltd., HDFC Bank Ltd., Larsen & Toubro Ltd., Reliance Industries Ltd., SBI, Infosys Ltd., Maruti Suzuki India Ltd., Kotak Mahindra Bank Ltd., Grasim Industries Ltd. etc.
  • The holdings are balanced across various sectors with maximum weight given to the Financial Services (35.4%) followed by Automobile (10.3%) and Consumer Goods (9.6%).

  • Minimum SIP = ₹1000
  • Equity share = 97% , Debt share = 0.2% and Cash = 2.8%.

  • Large Cap share = 84.9%, Mid Cap share = 15.1% and Small Cap share = 0%.

Large and Mid Cap Fund

Here, the mutual fund invests in stocks of mid-size companies. Mid-caps are compact companies of the equity market, falling somewhere between small and large cap companies and are 100-250 companies by market capitalization. The best mid cap mutual fund 2018, you need to invest in, is:

Mirae Asset Emerging Bluechip Fund

This is a  Mid Cap Equity Oriented Mutual Fund launched in July 9, 2010. It is a fund with moderately high risk and has given a return of 23.40% since its launch.

Invest in Mirae Asset Emerging Bluechip Fund Now

  • This fund has been rated as a 5-star fund by Groww.
  • AUM of close to ₹ 5364 cr.
  • Age is nearly 7 years.
  • Has consistently outperformed its benchmark Nifty Free Float Midcap 100 since its launch.
  • The top portfolio holdings of the fund include Tata Global Beverages Ltd., ICICI Bank Ltd., Kotak Mahindra Bank Ltd., Raymond Ltd., HDFC Bank Ltd., Federal Bank Ltd., Info Edge Ltd., IndusInd Bank Ltd., Ceat Ltd. etc.
  • The holdings are balanced across various sectors with maximum weightage given to Financial Services (25.9%) followed by Consumer Goods (12.8%).

  • Minimum SIP = ₹ 1000
  • Equity share = 98.8%, Debt share = 0.1% and Cash = 1.1%.

  • Large Cap share = 36.8% , Mid Cap share = 57.6% and Small Cap share = 5.6%.

Small Cap Fund

In these types of funds, the fund manager invests major portion of the investors’ money in stocks of small cap companies. Small cap stands for small companies of the stock market and are all the companies apart from large and mid cap companies in a market. The best small cap mutual fund 2018, you need to invest in, is:

companies in a market.

HDFC Small Cap Fund

This is a Small Cap Equity Oriented Mutual Fund launched in April 03, 2008. It is a fund with high risk and have given a return of 16.60 % since its launch.

Invest in HDFC Small Cap Fund Now

  • This fund has been rated as a 5-star fund by Groww.
  • AUM of close to ₹ 2152 Cr.
  • Age is nearly 10 years. So its performance can be easily judged.
  • Has consistently outperformed its benchmark Nifty Free Float Small cap 100 since its launch.
  • The top portfolio holdings of the fund include Sonata Software Ltd., CBLO ( CCIL ), Redington India Ltd., Aarti Industries Ltd., KEC International Ltd., Dilip Buildcon Ltd., Balkrishna Industries Ltd. etc.
  • The holdings are balanced across various sectors with maximum weight given to Industrial Manufacturing ( 16.8 % ) followed by Automobile ( 16.5 % ) and Construction ( 11.5 % )

  • Minimum SIP = ₹ 500
  • Equity share = 85.9 % , Debt share = 0 % and Cash = 14.1%.

  • Large Cap share = 0.8 % , Mid Cap share = 62.4 % and Small Cap share = 36.8%

 

Read: 10 Best Small and Mid Cap Mutual Funds to Invest in 2018

Multi-Cap Cap Fund

These funds are used to minimize the risk and diversify the investment. In these funds, capital is invested in companies across different sectors and of different capitalization. The best multi-cap mutual fund 2018, you need to invest in, is:

Motilal Oswal Multicap 35 Fund

This is a  Multi Cap Equity Oriented Mutual Fund launched in April 28, 2014. It is a fund with moderately high risk and have given a return of 28.83% since its launch. Returns per annum over the years from this fund are:

Invest in Motilal Oswal MOSt Focused Multicap 35 Fund Now

  • This fund has been rated as a 5 star fund by Groww.
  • AUM of close to ₹11411 Cr.
  • Launched just 3 years back, so performance cannot be easy to judge. Though its a relatively new fund, it has made its mark with high return on investment.
  • Has consistently outperformed its benchmark Nifty 500 since its launch.
  • The top portfolio holdings of the fund include United Spirits Ltd.,BPCL, HDFC Bank Ltd., Maruti Suzuki India Ltd., HPCL, Jubilant Life Sciences Ltd., Interglobe Aviation Ltd. etc.
  • The holdings are balanced across various sectors with maximum weightage given to Financial Services (44.9%) followed by Energy (13.2%) and Consumer Goods (12.8%).

  • Minimum SIP = ₹1000.
  • Equity share = 98.8% , Debt share = 0% and Cash = 1.2%.

  • Large Cap share= 79% , Mid Cap share = 21% and Small Cap share = 0%.

Read:5 Best Multi-Cap Funds to Invest in 2018

Sector Fund

A sector fund is a type of a mutual fund which invests in stocks of companies that operate in a particular industry or sector of the economy. The best sector mutual fund 2018, you need to invest in, is:

Sundaram Rural and Consumption Fund

This is a Sector Mutual Fund launched in May 12, 2006. It is a fund with moderately high risk and have given a return of 12.62% since its launch.

Invest in Sundaram Rural India Fund Now

  • This fund has been rated as a 4 star fund by Groww.
  • AUM of close to ₹2198 Cr.
  • Age is nearly 11 years. So its performance can be easily judged.
  • Has consistently outperformed its benchmark S&P BSE 500 since its launch.
  • The top portfolio holdings of the fund include Mahindra & Mahindra Ltd., Hindustan Unilever Ltd., CBLO (CCIL), ITC Ltd., UPL Ltd., NCC Ltd., State Bank of India, Ujjivan Financial Services Ltd. etc.
  • The holdings are balanced across various sectors with maximum weightage given to Consumer Goods (39.5%) followed by Financial Services (14.6%).

  • Minimum SIP = ₹1000
  • Equity share = 91.1% , Debt share = 0% and Cash = 8.9%.

  • Large Cap share= 49% , Mid Cap share = 39.4% and Small Cap share = 11.6%.

Index Fund

Unlike actively managed mutual funds, index funds passively track the performance of a particular index. These funds are not meant to outperform the market, but mimic the performance of the index. The best Index mutual fund 2018, you need to invest in, is:

ICICI Prudential Nifty Next 50 Index Fund 

This is a Index Mutual Fund launched in June 25, 2010. It is a fund with high risk and has given a return of 12.65% since its launch.

Invest in ICICI Prudential Nifty Next 50 Index Fund now 

  • This fund has been rated as a 5-star fund by Groww.
  • AUM of close to ₹157 Cr.
  • Age is nearly 7 years.
  • Has consistently outperformed its benchmark Nifty Next 50 TRI since its launch.
  • The top portfolio holdings of the fund include Titan Company Ltd., JSW Steel Ltd., Bajaj Finserv Ltd., Motherson Sumi Systems Ltd., Britannia Industries Ltd., Godrej Consumer Products Ltd., CBLO (CCIL) etc.
  • The holdings are balanced across various sectors with maximum weightage given to Consumer Goods (27.5%) followed by Financial Services (17.9%).

  • Minimum SIP = ₹1000
  • Equity share = 97.9% , Debt share = 0% and Cash = 2.1%.

  • Large Cap share = 89.3% , Mid Cap share = 10.7% and Small Cap share = 0%.

Read: Best Index Funds of 2018

Debt Fund

Debt funds are not only tax-efficient but can also offer higher returns to investors. We list out 10 different types of debt funds in which you can invest, based on your goals and investment tenure. The best debt mutual fund 2018, you need to invest in, is:

L&T Low Duration Fund

This is a Short Term Fund type Debt Mutual Fund launched on December 04, 2010. It is debt fund with low risk and has given a return of 8.89% since its launch.

Invest in L&T Low Duration Now

  • This fund has been rated 5-stars by Groww.
  • AUM of close to ₹1156 cr.
  • Age is nearly 7 years.
  • The top portfolio holdings of the fund include 8 Bharat Aluminium Co. Ltd. Jun 30, 2020, Sprit Textiles Pvt Ltd., CBLO (CCIL), 8.45 Tata Power Renewable Energy Ltd. etc.
  • The holdings are balanced across various sectors with maximum weight given to Financial Services (38.5%).
  • Minimum SIP = ₹1000

Balanced Fund

Balanced funds are investment instrument, where an asset management company invest the money gather into both debt and equity. These are diversified mutual funds having perfect balance between risk and returns on investment, and are most popular mutual funds these days. The best balanced mutual fund 2018, you need to invest in, is:

ICICI Prudential Balanced Advantage Fund 

This is a Hybrid Equity Oriented Mutual Fund launched in December 30, 2006. It is a fund with high risk and has given a return of 11.23% since its launch.

Invest in ICICI Prudential Balanced Advantage Fund Now

  • This fund has been rated as a 4-star fund by Groww.
  • AUM of close to ₹24,228 Cr.
  • Age is nearly 11 years. So its performance can be easily judged.
  • Has consistently outperformed its benchmark CRISIL Hybrid 35+65 Aggressive since its launch.
  • The top portfolio holdings of the fund include 8.85 HDFC Bank Ltd., HDFC Bank Ltd., Infosys Ltd., Reliance Industries Ltd. (70D), ICICI Bank Ltd, Motherson Sumi Systems Ltd., 6.68 GOI Sep 17 2031 etc.
  • The holdings are balanced across various sectors with maximum weightage given to Financial Services (24.5%) followed by Automobile (16.8%).

  • Minimum SIP = ₹1000
  • Equity share = 38.3%, Debt share = 24.3%, and Cash = 37.4%.

  • Large Cap share = 78.2% , Mid Cap share = 21.6% and Small Cap share = 0.2%.

Gold Fund

Gold funds are an excellent alternative to buying physical gold for investment purposes. Gold savings fund in simply a mutual fund that invest in Gold ETFs. These funds don’t invest on physical gold directly but through Gold ETFs. The best gold mutual fund 2018, you need to invest in, is:

SBI Gold Fund

This is a Gold Savings fund launched on Sep 12, 2011. It is a fund with moderately high risk and has given a return of -1.47 % since its launch.

Invest in SBI Gold Fund now

  • This fund has been rated as a 4-star fund by Groww.
  • AUM of close to ₹390 Cr.
  • Age is nearly 6 years. So its performance can be easily judged.
  • Has consistently outperformed its benchmark Domestic Price of Gold since its launch.
  • Minimum SIP = ₹500

To look at some of the best performing funds from every category of mutual funds, check out Groww 30 best mutual funds to invest in 2018.

Happy Investing!

Disclaimer: the views expressed here are of the author and do not reflect those of Groww.