Top Mutual Funds — Explore & Compare
Browse and rank India’s open-ended Direct-Growth mutual funds by their actual 1, 3 and 5-year returns, filtered by category and composition, with a computed risk measure. Returns are calculated from official AMFI NAV history — this is data, not a recommendation.
| # | Fund | NAV | 1Y | 3Y | 5Y | Risk | Compare |
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How to use this fund explorer
Pick a composition (Equity, Hybrid, Debt, Index & FoF, or Solution-oriented) to narrow the list, then a sub-category such as Large Cap, Mid Cap, Small Cap, Flexi Cap or ELSS. Choose whether to rank by 1, 3 or 5-year return, or by lowest risk, and the table re-sorts instantly. You can also type part of a fund’s name to search. Click any column header to sort by it. Tick Add on the funds you like (up to four) and press Compare funds to chart them side by side.
Only open-ended Direct-Growth plans are shown. Direct plans carry a lower expense ratio than regular plans, so they are the fairest basis for comparing performance; Growth (rather than IDCW/dividend) plans are used because dividend payouts distort a simple return comparison.
What the numbers mean
The 1, 3 and 5-year returns are point-to-point CAGR — the annualised growth of the fund’s NAV over that period, computed from the official AMFI history as on the date shown. A dash means the fund is younger than that period. NAV is the latest published net asset value. The Risk band is derived from the fund’s annualised volatility (the standard deviation of its monthly returns over roughly three years) — higher volatility means a bumpier ride. This is our own computation for comparison and is not the official SEBI Riskometer, which each fund house publishes monthly in its scheme documents.
How we keep this honest and compliant
This explorer presents factual, objectively-computed data so you can do your own research — it deliberately does not tell you which fund to buy, does not label any fund as “best” or “recommended”, and offers no advice. A high past return is not a promise of future return; top-ranked funds are often concentrated, higher-risk or sector bets that can fall just as sharply. Always read the scheme information document, consider your own goal and risk tolerance, and consult a SEBI-registered adviser before investing.
Frequently asked questions
Where does the data come from and how often does it update?
NAV and scheme categories come from the Association of Mutual Funds in India (AMFI), and returns are computed from each fund’s official NAV history. The list refreshes periodically; the “as on” date in the table shows how current the NAV is.
Why are only Direct-Growth plans shown?
Direct plans have a lower expense ratio than regular plans, giving a cleaner performance comparison, and Growth plans avoid the distortion that dividend (IDCW) payouts introduce into NAV-based returns. It is the standard basis for like-for-like comparison.
Is the Risk column the SEBI Riskometer?
No. It is an annualised volatility we compute from NAV history, shown as a band for easy comparison. The official SEBI Riskometer (Low to Very High) is published monthly by each fund house and may differ; always check the scheme document for the official rating.
Does a top rank mean I should invest in that fund?
No. The ranking is purely by past return, which does not predict future performance. Use it to explore and shortlist, then research thoroughly and consult a registered adviser.
India has 44 SEBI-registered mutual fund houses (AMCs) managing a combined average AUM of about Rs. 83 lakh crore (AMFI, 2026). The top 10 AMCs manage over 80% of all assets. SBI Mutual Fund is the largest, followed by ICICI Prudential and HDFC Mutual Fund. Below is the ranking of the largest fund houses by assets under management.
Largest mutual fund houses in India by AUM (AMFI ranking)
| Rank | Fund house (AMC) | AUM |
|---|---|---|
| 1 | SBI Mutual Fund | Rs. 12,07,585 Cr |
| 2 | ICICI Prudential Mutual Fund | Rs. 10,60,747 Cr |
| 3 | HDFC Mutual Fund | Rs. 8,93,028 Cr |
| 4 | Nippon India Mutual Fund | Rs. 6,63,684 Cr |
| 5 | Kotak Mahindra Mutual Fund | Rs. 5,66,982 Cr |
| 6 | Aditya Birla Sun Life Mutual Fund | Rs. 4,28,066 Cr |
| 7 | UTI Mutual Fund | Rs. 3,79,176 Cr |
| 8 | Axis Mutual Fund | Rs. 3,54,362 Cr |
| 9 | Tata Mutual Fund | Rs. 2,17,939 Cr |
| 10 | Mirae Asset Mutual Fund | Rs. 2,15,434 Cr |
AUM as on 31 December 2025, per AMFI / AMC disclosures. Ranking order held steady through the March 2026 quarter. Figures show total assets managed (AUM) — not fund performance or returns.
Indian mutual fund industry snapshot 2026
- Total average AUM (AAUM): about Rs. 83 lakh crore (AMFI, mid-2026), roughly a six-fold rise in ten years.
- 44 SEBI-registered AMCs; the top 10 manage 80%+ of assets.
- Largest fund house: SBI Mutual Fund (~Rs. 12 lakh crore).
- Fastest AUM growth in FY 2026: ICICI Prudential (+Rs. 2 lakh crore), SBI (+Rs. 1.8 lakh crore), HDFC (+Rs. 1.5 lakh crore).
Frequently asked questions
Which is the largest mutual fund house in India?
SBI Mutual Fund is the largest AMC in India by assets under management (about Rs. 12 lakh crore), followed by ICICI Prudential Mutual Fund and HDFC Mutual Fund.
How many mutual fund companies (AMCs) are there in India?
There are 44 SEBI-registered asset management companies (AMCs). The top 10 fund houses together manage over 80% of the total industry assets.
What is the total AUM of the Indian mutual fund industry?
The average assets under management (AAUM) of the Indian mutual fund industry were about Rs. 83 lakh crore in 2026, up from around Rs. 14 lakh crore a decade earlier.
How is the AMFI AUM ranking measured?
It is based on the Average Assets Under Management (AAUM) that AMFI publishes every quarter, aggregated across all schemes of each fund house.
AUM figures are sourced from AMFI quarterly disclosures and are indicative. This page is informational and not investment advice.