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30 Best Mutual Funds from key categories from Moneycontrol

To help you create a well-rounded MF portfolio, Moneycontrol personal finance filtered a crisp set from a list of over 1,000 MF schemes.

There are 1,554 MF schemes in the market. Even if you remove 522 closed-end schemes, you are still left with close to a 1000 funds to scan and decide. Even if you break them into three broad categories, you have 351 equity, 313 debt and 140 hybrid funds on offer. Making choices among passive funds isn’t easier either. There are 49 index schemes and 11 gold exchange-traded funds (ETFs). In addition, there are 97 other equity, debt and international ETFs.

Moneycontrol has curated basket of 30 hand-picked MF schemes for you to choose from (MC30). That is not to say you must invest in all the 30 schemes. Instead, you should invest in just 6-10 MF schemes to build a strong investment portfolio.

MC30 Mutual Funds


Large Cap (Core) Canara Robeco Bluechip Equity Fund – Regular Plan – Growth
Mirae Asset Large Cap Fund – Regular – Growth
Flexi Cap (Core)
Kotak Flexi Cap Fund – Growth
Parag Parikh Flexi Cap Fund – Growth
UTI Flexi Cap Fund – Growth
Mid Cap (Core) Axis Midcap Fund – Growth
DSP Midcap Fund – Regular Plan – Growth
Invesco India Mid Cap Fund – Growth
Kotak Emerging Equity – Growth
Small Cap (Satellite) Axis Small Cap Fund – Growth
SBI Small Cap Fund – Regular Plan – Growth
ELSS (Core/Satellite) Canara Robeco Equity Tax Saver – Regular Plan – Growth
Kotak Tax Saver Scheme – Growth
Focused (Satellite) Axis Focused 25 Fund – Growth
SBI Focused Equity Fund – Regular Plan – Growth
Aggressive Hybrid (Core) Canara Robeco Equity Hybrid Fund – Regular Plan – Growth
DSP Equity & Bond Fund – Regular Plan – Growth
Short Term (Core) Axis Short Term Fund – Growth
HDFC Short Term Debt Fund – Growth
ICICI Prudential Short Term Fund – Growth
Corporate Bond (Core) HDFC Corporate Bond Fund – Growth
Sundaram Corporate Bond Fund – Growth
Banking and PSU Debt (Core) IDFC Banking & PSU Debt Fund – Regular Plan – Growth
Kotak Banking and PSU Debt Fund – Growth
Nippon India Banking & PSU Debt Fund – Regular Plan – Growth
Index Funds/ETFs ICICI Prudential Nifty Next 50 Index Fund – Growth
Motilal Oswal Nasdaq 100 ETF (MOSt Shares NASDAQ 100)
Nippon India ETF Gold BeES
Nippon India ETF Nifty BeES
UTI Nifty Index Fund – Growth

MC30 Mutual fund Returns:


Large Cap (Core) 3 Y (%) 5 Y (%) 10 Y (%)
Canara Robeco Bluechip Equity Fund – Regular Plan – Growth 19.02 16.8 15.46
Mirae Asset Large Cap Fund – Regular – Growth 15.89 16.08 17.76
Category Average 14.99 13.51 14.15
Flexi Cap (Core) 3 Y (%) 5 Y (%) 10 Y (%)
Kotak Flexi Cap Fund – Growth 14.62 14.52 17.19
Parag Parikh Flexi Cap Fund – Growth 24.36 21.44 N/A
UTI Flexi Cap Fund – Growth 20.6 18.36 17.63
Category Average 16.34 14.46 15.02
Mid Cap (Core) 3 Y (%) 5 Y (%) 10 Y (%)
Axis Midcap Fund – Growth 22.61 20.61 21.07
DSP Midcap Fund – Regular Plan – Growth 18.24 15.73 18.32
Invesco India Mid Cap Fund – Growth 18.63 17.24 19.18
Kotak Emerging Equity – Growth 21.31 17.47 20.74
Category Average 18.92 15.65 18.02
Small Cap (Satellite) 3 Y (%) 5 Y (%) 10 Y (%)
Axis Small Cap Fund – Growth 27.46 21.06 N/A
SBI Small Cap Fund – Regular Plan – Growth 20.64 21.93 24.86
Category Average 18.7 16.19 17.27
ELSS (Core/Satellite) 3 Y (%) 5 Y (%) 10 Y (%)
Canara Robeco Equity Tax Saver – Regular Plan – Growth 20.78 18.56 16.56
Kotak Tax Saver Scheme – Growth 17.47 15.1 15.55
Category Average 16.29 14.76 15.58
Focused (Satellite) 3 Y (%) 5 Y (%) 10 Y (%)
Axis Focused 25 Fund – Growth 16.95 18.26 N/A
SBI Focused Equity Fund – Regular Plan – Growth 18.9 17.34 18.11
Category Average 15.63 14.27 15.05
Aggressive Hybrid (Core) 3 Y (%) 5 Y (%) 10 Y (%)
Canara Robeco Equity Hybrid Fund – Regular Plan – Growth 16.65 14.4 15.11
DSP Equity & Bond Fund – Regular Plan – Growth 16.33 13.54 14.1
Category Average 14 12.29 13.43
Short Term (Core) 1 Y (%) 2 Y (%) 3 Y (%)
Axis Short Term Fund – Growth 5.23 7.57 8.43
HDFC Short Term Debt Fund – Growth 5.9 8.21 8.8
ICICI Prudential Short Term Fund – Growth 5.86 8.03 8.61
Category Average 5.37 6.36 6.23
Corporate Bond (Core) 1 Y (%) 2 Y (%) 3 Y (%)
HDFC Corporate Bond Fund – Growth 6.11 8.26 9.37
Sundaram Corporate Bond Fund – Growth 5.63 8.14 9.59
Category Average 5.63 6.71 8.47
Banking and PSU Debt (Core) 1 Y (%) 2 Y (%) 3 Y (%)
IDFC Banking & PSU Debt Fund – Regular Plan – Growth 5.3 7.92 9.63
Kotak Banking and PSU Debt Fund – Growth 5.68 7.85 9.1
Nippon India Banking & PSU Debt Fund – Regular Plan – Growth 5.63 7.96 9.18
Category Average 5.28 7.4 8.57
Index Funds/ETFs 3 Y (%) 5 Y (%) 10 Y (%)
ICICI Prudential Nifty Next 50 Index Fund – Growth 11.7 12.97 15.25
Motilal Oswal Nasdaq 100 ETF (MOSt Shares NASDAQ 100) 28.83 28.75 27.05
Nippon India ETF Gold BeES 14.34 7.06 4.12
Nippon India ETF Nifty BeES 15.61 15.64 14.32
UTI Nifty Index Fund – Growth 15.36 15.38 13.85

MC30 – the methodology behind curated basket


Despite SEBI having rolled out 37 categories, we decided to limit MC30 to just 11 categories. The idea behind MC30 is to recommend only simple, diversified and easy-to-understand funds.

  • Thematic and sector funds are out because they are too risky for a common investor.
  • We also left out Value and Contra funds because the definitions are too subjective.
  • We have also left out the “Large & Mid-cap” category since one scheme in this category can look very different from another. A flexi-cap category is a better alternative as it gives a fund manager the freedom to choose stocks.

Similarly, on the debt funds side, we have kept things simple. Since this is an investment basket, we will only recommend short-term, corporate bond and Banking & PSU Debt funds. In our opinion, they are good enough for your fixed income allocation.

  • Liquid, overnight and similar funds are more parking vehicles for the short term than being investment avenues. Hence, we’ve left such categories out. L
  • Long-term bond funds and government securities can be volatile; a sudden interest rate reversal can wipe out an entire year’s gains. They are excluded from the MC30

There are six types of Hybrid funds. But MC30 has just one – aggressive hybrid

In MC30, five spots will be permanently reserved for passively-managed index and exchange-traded funds (ETFs).

MC MF rankings and star ratings is merely a report card. It tells us how a scheme has done in the past. MC30 aims to see their future and curates the schemes we think are most likely to do well in future. Only schemes that have a 5-star and 4-star rating can enter MC30. But if an existing scheme’s rating falls to 3-star, then we would typically recommend a ‘hold’ for fresh investments. But if the rating dips to 2-stars or below, the scheme exits MC30 and is replaced with a better alternative.

Also Read:   [Sep 2021] Best & Top Performing International Funds (US Focussed) for 2021 Investment
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