Top 5 funds in each equity category with the lowest volatility
Volatility is the annualised standard deviation of monthly returns over the last 36 months — how bumpy the ride was. Lower is smoother; it says nothing on its own about return.
Ranked among 409 Regular-plan equity schemes, ranked within each SEBI category with enough history (182 newer schemes left out) · Growth option · data as of 28 Oct 2026.
Flexi Cap · top 5 of 36
| # | Scheme | Volatility | 1Y | 3Y CAGR | 5Y CAGR | Max fall 5Y | Sharpe | Riskometer | AUM |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Parag Parikh Flexi Cap Fund PPFAS | 10.1% | −7.6% | 11.8% | 10.0% | −18.2% | 0.50 | Very High | ₹146,051 Cr |
| 2 | HDFC Flexi Cap Fund HDFC | 13.4% | −5.6% | 14.8% | 14.4% | −13.5% | 0.61 | Very High | ₹109,315 Cr |
| 3 | SBI FLEXICAP FUND SBI | 13.8% | −9.6% | 7.0% | 5.7% | −16.7% | 0.03 | Very High | ₹21,446 Cr |
| 4 | Tata Flexi Cap Fund Tata | 13.9% | −11.6% | 7.7% | 6.3% | −18.2% | 0.08 | Very High | ₹3,404 Cr |
| 5 | BANDHAN Flexi Cap Fund Bandhan | 14.0% | −6.9% | 9.8% | 7.8% | −20.8% | 0.25 | Very High | ₹7,101 Cr |
| Flexi Cap median | 15.7% | −5.6% | 10.4% | 7.8% | −20.2% | 0.27 |
Large Cap · top 5 of 32
| # | Scheme | Volatility | 1Y | 3Y CAGR | 5Y CAGR | Max fall 5Y | Sharpe | Riskometer | AUM |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Sundaram Large Cap Fund ( Formerly Know as Sundaram Blue Chip Fund) Sundaram | 12.9% | −8.1% | 6.4% | 5.6% | −16.7% | -0.01 | Very High | ₹2,841 Cr |
| 2 | DSP Large Cap Fund DSP | 13.4% | −10.8% | 9.5% | 7.9% | −19.0% | 0.23 | Very High | ₹6,712 Cr |
| 3 | ICICI Prudential Large Cap Fund (erstwhile Bluechip Fund) ICICI Prudential | 13.7% | −11.1% | 9.5% | 8.9% | −15.6% | 0.21 | Very High | ₹76,114 Cr |
| 4 | SBI Large Cap Fund SBI | 13.9% | −7.5% | 8.2% | 7.2% | −16.0% | 0.12 | Very High | ₹51,803 Cr |
| 5 | UTI - Large Cap Fund UTI | 13.9% | −10.5% | 6.6% | 4.8% | −19.5% | 0.01 | Very High | ₹11,450 Cr |
| Large Cap median | 14.3% | −8.5% | 8.7% | 6.9% | −18.1% | 0.15 |
Large & Mid Cap · top 5 of 26
| # | Scheme | Volatility | 1Y | 3Y CAGR | 5Y CAGR | Max fall 5Y | Sharpe | Riskometer | AUM |
|---|---|---|---|---|---|---|---|---|---|
| 1 | SBI LARGE & MIDCAP FUND SBI | 13.9% | −6.5% | 10.9% | 10.5% | −16.7% | 0.32 | Very High | ₹39,762 Cr |
| 2 | Axis Large & Mid Cap Fund Axis | 14.7% | −1.7% | 13.4% | 9.5% | −21.7% | 0.46 | Very High | ₹16,176 Cr |
| 3 | ICICI Prudential Large & Mid Cap Fund ICICI Prudential | 15.2% | −9.8% | 12.3% | 11.7% | −15.1% | 0.39 | Very High | ₹30,645 Cr |
| 4 | UTI Large & Mid Cap Fund UTI | 15.5% | −5.8% | 13.0% | 11.4% | −18.4% | 0.42 | Very High | ₹6,163 Cr |
| 5 | Union Large & Midcap Fund Union | 15.6% | −2.8% | 10.8% | 8.7% | −20.1% | 0.27 | Very High | ₹950 Cr |
| Large & Mid Cap median | 16.3% | −5.4% | 11.6% | 9.5% | −19.7% | 0.32 |
Mid Cap · top 5 of 29
| # | Scheme | Volatility | 1Y | 3Y CAGR | 5Y CAGR | Max fall 5Y | Sharpe | Riskometer | AUM |
|---|---|---|---|---|---|---|---|---|---|
| 1 | HDFC Mid Cap Fund HDFC | 16.1% | −3.1% | 15.0% | 16.3% | −16.9% | 0.52 | Very High | ₹100,747 Cr |
| 2 | Baroda BNP Paribas Mid Cap Fund Baroda BNP Paribas | 16.1% | −0.3% | 13.8% | — | — | 0.45 | Very High | ₹2,450 Cr |
| 3 | SBI MIDCAP FUND SBI | 16.4% | −5.1% | 8.0% | 10.3% | −18.2% | 0.09 | Very High | ₹22,300 Cr |
| 4 | Axis Midcap Fund Axis | 16.5% | 0.4% | 14.9% | 10.7% | −20.6% | 0.51 | Very High | ₹33,065 Cr |
| 5 | PGIM India Midcap Fund PGIM India | 16.6% | −5.9% | 9.5% | 7.7% | −20.1% | 0.18 | Very High | ₹10,236 Cr |
| Mid Cap median | 18.3% | −2.7% | 14.0% | 12.1% | −21.6% | 0.42 |
Small Cap · top 5 of 24
| # | Scheme | Volatility | 1Y | 3Y CAGR | 5Y CAGR | Max fall 5Y | Sharpe | Riskometer | AUM |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Axis Small Cap Fund Axis | 17.3% | 1.6% | 12.6% | 13.4% | −19.8% | 0.35 | Very High | ₹29,403 Cr |
| 2 | HDFC Small Cap Fund HDFC | 17.7% | −8.8% | 8.4% | 12.3% | −22.9% | 0.12 | Very High | ₹39,570 Cr |
| 3 | SBI SMALL CAP FUND SBI | 17.8% | −1.4% | 9.7% | 10.9% | −22.7% | 0.17 | Very High | ₹39,498 Cr |
| 4 | PGIM India Small Cap Fund PGIM India | 18.1% | 3.9% | 13.0% | 9.8% | −25.2% | 0.36 | Very High | ₹1,669 Cr |
| 5 | ICICI Prudential Small Cap Fund ICICI Prudential | 18.1% | −3.2% | 8.9% | 11.0% | −22.5% | 0.14 | Very High | ₹9,250 Cr |
| Small Cap median | 20.0% | 2.7% | 12.6% | 13.4% | −24.3% | 0.34 |
Multi Cap · top 5 of 23
| # | Scheme | Volatility | 1Y | 3Y CAGR | 5Y CAGR | Max fall 5Y | Sharpe | Riskometer | AUM |
|---|---|---|---|---|---|---|---|---|---|
| 1 | SBI MultiCap Fund SBI | 14.5% | −7.8% | 10.8% | — | — | 0.30 | Very High | ₹22,795 Cr |
| 2 | WhiteOak Capital Multi Cap Fund WhiteOak Capital | 15.7% | −1.8% | 15.8% | — | — | 0.58 | Very High | ₹4,360 Cr |
| 3 | Nippon India Multi Cap Fund Nippon India | 15.8% | −8.5% | 11.1% | 13.9% | −18.9% | 0.28 | Very High | ₹52,383 Cr |
| 4 | BANDHAN MULTI CAP FUND Bandhan | 15.8% | −6.4% | 10.2% | — | — | 0.24 | Very High | ₹2,871 Cr |
| 5 | Canara Robeco Multi Cap Fund Canara Robeco | 16.0% | −5.8% | 11.6% | — | — | 0.32 | Very High | ₹5,640 Cr |
| Multi Cap median | 16.5% | −2.4% | 12.5% | 11.2% | −21.2% | 0.38 |
ELSS · top 5 of 37
| # | Scheme | Volatility | 1Y | 3Y CAGR | 5Y CAGR | Max fall 5Y | Sharpe | Riskometer | AUM |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Parag Parikh ELSS Tax Saver Fund PPFAS | 11.6% | −13.7% | 7.0% | 8.8% | −15.7% | 0.04 | Very High | ₹5,373 Cr |
| 2 | Quantum ELSS Tax Saver Fund Quantum | 13.8% | −11.6% | 8.4% | 7.7% | −17.0% | 0.14 | Very High | ₹198 Cr |
| 3 | BANDHAN ELSS - Tax Saver Fund Bandhan | 13.9% | −6.5% | 8.2% | 8.6% | −18.8% | 0.12 | Very High | ₹6,503 Cr |
| 4 | NAVI ELSS TAX SAVER NIFTY50 INDEX FUND Navi | 13.9% | −12.5% | 6.0% | — | — | -0.04 | Very High | ₹145 Cr |
| 5 | HDFC ELSS - Tax Saver Fund HDFC | 14.1% | −11.1% | 11.8% | 12.0% | −15.0% | 0.37 | Very High | ₹14,958 Cr |
| ELSS median | 15.4% | −7.9% | 9.5% | 8.7% | −18.9% | 0.21 |
Focused · top 5 of 27
| # | Scheme | Volatility | 1Y | 3Y CAGR | 5Y CAGR | Max fall 5Y | Sharpe | Riskometer | AUM |
|---|---|---|---|---|---|---|---|---|---|
| 1 | HDFC Focused Fund HDFC | 13.3% | −6.9% | 13.9% | 14.1% | −14.1% | 0.55 | Very High | ₹26,636 Cr |
| 2 | Sundaram Focused Fund (Formerly Known as Principal Focused Multicap Fund) Sundaram | 13.3% | −3.9% | 9.2% | — | — | 0.20 | Very High | ₹1,008 Cr |
| 3 | SBI FOCUSED FUND SBI | 14.2% | 3.4% | 14.1% | 9.3% | −23.0% | 0.52 | Very High | ₹50,293 Cr |
| 4 | Aditya Birla Sun Life Focused Fund Aditya Birla Sun Life | 14.4% | −4.6% | 11.7% | 8.3% | −17.5% | 0.36 | Very High | ₹7,516 Cr |
| 5 | Franklin India Focused Equity Fund Franklin Templeton | 14.5% | −15.9% | 6.4% | 7.1% | −19.1% | 0.00 | Very High | ₹10,311 Cr |
| Focused median | 15.4% | −6.3% | 10.6% | 8.9% | −20.4% | 0.27 |
Value · top 5 of 21
| # | Scheme | Volatility | 1Y | 3Y CAGR | 5Y CAGR | Max fall 5Y | Sharpe | Riskometer | AUM |
|---|---|---|---|---|---|---|---|---|---|
| 1 | DSP Value Fund DSP | 11.4% | 0.3% | 15.2% | 11.0% | −16.7% | 0.75 | — | — |
| 2 | ICICI Prudential Value Fund (erstwhile Value Discovery Fund) ICICI Prudential | 13.1% | −10.9% | 10.8% | 12.0% | −14.3% | 0.32 | Very High | ₹57,310 Cr |
| 3 | Quantum Value Fund Quantum | 13.9% | −11.7% | 8.5% | 7.7% | −17.2% | 0.14 | Very High | ₹1,052 Cr |
| 4 | Bandhan Value Fund Bandhan | 14.2% | −7.5% | 8.9% | 10.3% | −19.0% | 0.18 | Very High | ₹9,394 Cr |
| 5 | Sundaram Value Fund Sundaram | 14.6% | −12.2% | 5.6% | 5.8% | −16.6% | -0.07 | Very High | ₹1,191 Cr |
| Value median | 15.4% | −8.0% | 10.3% | 10.3% | −18.4% | 0.24 |
Contra · top 5 of 3
| # | Scheme | Volatility | 1Y | 3Y CAGR | 5Y CAGR | Max fall 5Y | Sharpe | Riskometer | AUM |
|---|---|---|---|---|---|---|---|---|---|
| 1 | SBI CONTRA FUND SBI | 14.3% | −9.9% | 9.1% | 12.4% | −16.2% | 0.19 | Very High | ₹44,207 Cr |
| 2 | Kotak Contra Fund Kotak Mahindra | 16.2% | −9.0% | 12.1% | 11.0% | −19.4% | 0.34 | Very High | ₹5,060 Cr |
| 3 | Invesco India Contra Fund Invesco | 16.4% | −7.8% | 12.8% | 10.3% | −19.0% | 0.39 | Very High | ₹19,157 Cr |
| Contra median | 16.2% | −9.0% | 12.1% | 11.0% | −19.0% | 0.34 |
Dividend Yield · top 5 of 9
| # | Scheme | Volatility | 1Y | 3Y CAGR | 5Y CAGR | Max fall 5Y | Sharpe | Riskometer | AUM |
|---|---|---|---|---|---|---|---|---|---|
| 1 | SBI Dividend Yield Fund SBI | 14.2% | −4.4% | 9.2% | — | — | 0.20 | Very High | ₹7,721 Cr |
| 2 | Franklin India Dividend Yield Fund Franklin Templeton | 14.3% | −8.4% | 9.7% | 9.8% | −16.4% | 0.22 | Very High | ₹2,126 Cr |
| 3 | Sundaram Dividend Yield Fund (Formerly Known as Principal Dividend Yield Fund) Sundaram | 14.4% | −10.9% | 7.7% | — | — | 0.07 | Very High | ₹744 Cr |
| 4 | ICICI Prudential Dividend Yield Fund ICICI Prudential | 14.6% | −11.0% | 12.0% | 13.0% | −16.3% | 0.38 | Very High | ₹6,226 Cr |
| 5 | UTI - Dividend Yield Fund UTI | 14.8% | −7.6% | 12.0% | 9.2% | −18.8% | 0.37 | Very High | ₹3,553 Cr |
| Dividend Yield median | 14.8% | −7.0% | 9.8% | 10.6% | −19.6% | 0.22 |
Sectoral and thematic funds are not ranked here: each bets on a different part of the market, so comparing them with each other or with diversified funds says little. See them in Categories.
Regular plans, Growth option. Returns are after expenses (TER is deducted from NAV). MFIC calculates returns, volatility, drawdown and Sharpe from AMFI NAVs; benchmark excess, riskometer and AUM are as published by AMFI. Schemes without enough history for the measure are left out, not estimated.
How to read this list
Is #1 the best fund to buy?
No. A “Top 5” or “Top 10” place means highest or lowest on this one historical measure. Past performance is not indicative of future performance, and a ranking does not consider your goals, time horizon, taxes or existing portfolio.
Why compare several columns?
A high return with a deep fall or high volatility is a different experience from a steadier path to a similar return. Use the dashboard to rank by consistency, risk-adjusted return, SIP returns or your own weights.
Where does the data come from?
Daily NAVs and published returns from AMFI; scheme details from Scheme Summary Documents. Full methodology is on the MFIC Intelligence methodology section.
More rankings
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully.
Past performance is not indicative of future performance. MFIC rankings are based on historical data and selected criteria and should not be interpreted as a guarantee of future performance. Integrato Financial Services Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-173155), not a SEBI-registered Investment Adviser; this page is analytical and educational and is not investment advice.