Best Equity Savings Mutual Funds
Equity Savings funds split across equity, arbitrage and debt. The hedged portion lowers volatility while the fund still qualifies for equity taxation.
We currently track 17 direct-plan Equity Savings schemes from 16 fund houses with a median 5-year CAGR of 7.1%. Every figure below is calculated from official daily NAV history and refreshed each day. Use the column headers to re-rank the table by any period — the best 1-year performer is often not the best over 5 or 10 years, which is exactly why we default to the longer horizon.
Showing 17 of 17 schemes · sorted by Y5 low to high · page 1 of 1
- PGIM India Equity Savings Fund - Direct Plan - Direct GrowthPGIM India · Hybrid₹57.38#11Y+1.66%3Y+6.00%5Y+5.67%10Y+7.36%
- Union Equity Savings Fund - Direct Plan - Growth OptionUnion · Hybrid₹17.99#21Y+1.93%3Y+6.48%5Y+5.77%10Y—
- Nippon India Equity Savings Fund (Existing number of Segregated Portfolios - 2) - Direct Plan - Growth OptionNippon India · Hybrid₹17.92#31Y+0.66%3Y+6.14%5Y+6.23%10Y+4.93%
- Aditya Birla Sun Life Equity Savings Fund - Direct Plan - GROWTHAditya Birla Sun Life · Hybrid₹25.73#41Y+3.62%3Y+7.47%5Y+6.23%10Y+7.85%
- BANDHAN EQUITY SAVINGS FUND - Direct Plan - GrowthBandhan · Hybrid₹36.11#51Y+2.90%3Y+6.71%5Y+6.43%10Y+7.10%
- Franklin India Equity Savings Fund - Direct Plan - GrowthFranklin Templeton · Hybrid₹18.61#61Y+2.38%3Y+6.92%5Y+6.53%10Y—
- ICICI Prudential Equity Savings Fund - Direct Plan - CumulativeICICI Prudential · Hybrid₹25.03#71Y+1.83%3Y+6.57%5Y+7.13%10Y+7.84%
- DSP Equity Savings Fund - Direct Plan - GrowthDSP · Hybrid₹24.93#81Y+0.98%3Y+8.05%5Y+7.22%10Y+8.38%
- HDFC Equity Savings Fund - Direct Plan - Growth OptionHDFC · Hybrid₹75.27#91Y+0.56%3Y+7.69%5Y+7.64%10Y+9.32%
- SBI EQUITY SAVINGS FUND - Direct Plan - GrowthSBI · Hybrid₹27.20#101Y+2.34%3Y+7.40%5Y+7.79%10Y+8.93%
- Edelweiss Equity Savings FundEdelweiss · Hybrid₹30.38#111Y+6.63%3Y+10.83%5Y+9.28%10Y—
- Edelweiss Equity Savings Fund - Direct Plan - GrowthEdelweiss · Hybrid₹30.37#121Y+6.65%3Y+10.84%5Y+9.28%10Y—
- Kotak Equity Savings Fund - Direct Plan - GrowthKotak Mahindra · Hybrid₹30.19#131Y+2.08%3Y+9.50%5Y+9.54%10Y+9.75%
- Sundaram Equity Savings Fund (Formerly Known as Principal Equity Savings Fund) - Direct Plan - GROWTHSundaram · Hybrid₹82.19#141Y-0.95%3Y+8.19%5Y—10Y—
- LIC MF Equity Savings Fund - Direct Plan - GrowthLIC · Hybrid₹32.19#151Y+1.64%3Y+8.02%5Y—10Y—
- quant Equity Savings Fund - Direct Plan - Growth OptionQuant · Hybrid₹10.83#161Y+6.76%3Y—5Y—10Y—
- Bajaj Finserv Equity Savings Fund - Direct Plan - GrowthBajaj Finserv · Hybrid₹10.49#171Y+4.35%3Y—5Y—10Y—
Equity Savings funds — frequently asked questions
Which Equity Savings fund has the highest 5-year CAGR?
Kotak Equity Savings Fund - Direct Plan - Growth currently leads the Equity Savings category with a 5-year CAGR of 9.5%. Past returns describe what already happened and do not predict future performance — treat the ranking as a starting point for research, not a recommendation.
What is a good 5-year return for a Equity Savings fund?
Across the 17 Equity Savings schemes we track, the median 5-year CAGR is 7.1%. Comparing a fund against that median, rather than against the category's single best performer, is a more realistic benchmark.
How is CAGR calculated on this page?
CAGR is the compound annual growth rate between the NAV on the horizon start date and the latest NAV, using growth-plan NAVs published by the AMCs. Where a scheme's NAV history has a gap or a re-denomination, we adjust for it rather than report a distorted figure. Expense ratios are already reflected in NAV; exit loads and taxes are not.
Why does this list only show direct plans?
Direct plans have no distributor commission, so their expense ratio is lower and their NAV growth is higher than the regular plan of the same scheme. Showing both would list every fund twice, so we rank direct plans only.