Top 5 funds in each equity category by Sharpe ratio
The Sharpe ratio is the return earned above a 6.5% risk-free rate for each unit of volatility, over 36 months. It rewards return per unit of risk rather than return alone.
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 | Sharpe | 1Y | 3Y CAGR | 5Y CAGR | Volatility | Max fall 5Y | Riskometer | AUM |
|---|---|---|---|---|---|---|---|---|---|
| 1 | HDFC Flexi Cap Fund HDFC | 0.61 | −5.6% | 14.8% | 14.4% | 13.4% | −13.5% | Very High | ₹108,597 Cr |
| 2 | ITI Flexi Cap Fund ITI | 0.55 | 4.4% | 16.3% | — | 17.5% | — | Very High | ₹1,608 Cr |
| 3 | 360 ONE Flexicap Fund 360 ONE | 0.54 | 0.1% | 14.7% | — | 15.8% | — | Very High | ₹2,188 Cr |
| 4 | BANK OF INDIA FLEXI CAP FUND Bank of India | 0.53 | 0.7% | 16.5% | 13.3% | 18.8% | −24.0% | Very High | ₹3,117 Cr |
| 5 | Aditya Birla Sun Life Flexi Cap Fund Aditya Birla Sun Life | 0.52 | −0.3% | 14.1% | 9.7% | 14.9% | −19.8% | Very High | ₹28,110 Cr |
| Flexi Cap median | 0.27 | −5.6% | 10.4% | 7.8% | 15.7% | −20.2% |
Large Cap · top 5 of 32
| # | Scheme | Sharpe | 1Y | 3Y CAGR | 5Y CAGR | Volatility | Max fall 5Y | Riskometer | AUM |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Taurus Large Cap Fund Taurus | 0.49 | 2.1% | 13.7% | 9.7% | 14.8% | −18.1% | Very High | ₹64 Cr |
| 2 | Invesco India Large Cap Fund Invesco | 0.35 | −5.0% | 12.1% | 8.3% | 16.2% | −20.2% | Very High | ₹1,962 Cr |
| 3 | BANDHAN LARGE CAP FUND Bandhan | 0.32 | −7.6% | 11.4% | 7.8% | 15.3% | −19.8% | Very High | ₹2,097 Cr |
| 4 | WhiteOak Capital Large Cap Fund WhiteOak Capital | 0.32 | −8.1% | 11.1% | — | 14.1% | — | Very High | ₹1,226 Cr |
| 5 | quant Large Cap Fund quant | 0.28 | −3.1% | 11.8% | — | 17.7% | — | Very High | ₹3,640 Cr |
| Large Cap median | 0.15 | −8.5% | 8.7% | 6.9% | 14.3% | −18.1% |
Large & Mid Cap · top 5 of 26
| # | Scheme | Sharpe | 1Y | 3Y CAGR | 5Y CAGR | Volatility | Max fall 5Y | Riskometer | AUM |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Invesco India Large & Mid Cap Fund Invesco | 0.69 | −1.0% | 19.6% | 14.1% | 18.9% | −20.3% | Very High | ₹12,191 Cr |
| 2 | Motilal Oswal Large and Midcap Fund Motilal Oswal | 0.59 | −0.5% | 19.4% | 16.1% | 21.9% | −26.3% | Very High | ₹19,653 Cr |
| 3 | Bandhan Large & Mid Cap Fund Bandhan | 0.54 | −5.1% | 15.3% | 13.6% | 16.1% | −18.7% | Very High | ₹20,650 Cr |
| 4 | HSBC Large & Mid Cap Fund HSBC | 0.50 | 2.2% | 15.7% | 11.9% | 18.7% | −25.2% | Very High | ₹5,781 Cr |
| 5 | Axis Large & Mid Cap Fund Axis | 0.46 | −1.7% | 13.4% | 9.5% | 14.7% | −21.7% | Very High | ₹15,985 Cr |
| Large & Mid Cap median | 0.32 | −5.4% | 11.6% | 9.5% | 16.3% | −19.7% |
Mid Cap · top 5 of 29
| # | Scheme | Sharpe | 1Y | 3Y CAGR | 5Y CAGR | Volatility | Max fall 5Y | Riskometer | AUM |
|---|---|---|---|---|---|---|---|---|---|
| 1 | WhiteOak Capital Mid Cap Fund WhiteOak Capital | 0.69 | 2.7% | 18.7% | — | 17.5% | — | Very High | ₹7,731 Cr |
| 2 | Invesco India Mid Cap Fund Invesco | 0.68 | −1.9% | 20.3% | 15.8% | 20.2% | −20.6% | Very High | ₹15,608 Cr |
| 3 | HSBC Midcap Fund HSBC | 0.67 | 9.4% | 20.6% | — | 20.8% | — | Very High | ₹16,684 Cr |
| 4 | ICICI Prudential Mid Cap Fund ICICI Prudential | 0.63 | 1.0% | 18.6% | 13.9% | 19.4% | −21.6% | Very High | ₹7,682 Cr |
| 5 | Edelweiss Mid Cap Fund Edelweiss | 0.59 | −2.9% | 17.4% | 14.6% | 18.4% | −20.3% | Very High | ₹18,663 Cr |
| Mid Cap median | 0.42 | −2.7% | 14.0% | 12.1% | 18.3% | −21.6% |
Small Cap · top 5 of 24
| # | Scheme | Sharpe | 1Y | 3Y CAGR | 5Y CAGR | Volatility | Max fall 5Y | Riskometer | AUM |
|---|---|---|---|---|---|---|---|---|---|
| 1 | BANDHAN Small Cap Fund Bandhan | 0.68 | 1.4% | 20.8% | 16.7% | 20.8% | −23.8% | Very High | ₹35,176 Cr |
| 2 | ITI Small Cap Fund ITI | 0.67 | 9.9% | 20.3% | 15.3% | 20.3% | −30.1% | Very High | ₹3,585 Cr |
| 3 | Invesco India Small Cap Fund Invesco | 0.61 | 5.1% | 18.8% | 16.5% | 20.0% | −23.6% | Very High | ₹16,156 Cr |
| 4 | Mahindra Manulife Small Cap Fund Mahindra Manulife | 0.50 | 6.4% | 16.8% | — | 20.1% | — | Very High | ₹5,210 Cr |
| 5 | BANK OF INDIA SMALL CAP FUND Bank of India | 0.48 | 17.0% | 17.5% | 16.8% | 22.3% | −27.3% | Very High | ₹3,692 Cr |
| Small Cap median | 0.34 | 2.7% | 12.6% | 13.4% | 20.0% | −24.3% |
Multi Cap · top 5 of 23
| # | Scheme | Sharpe | 1Y | 3Y CAGR | 5Y CAGR | Volatility | Max fall 5Y | Riskometer | AUM |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Axis Multicap Fund Axis | 0.67 | 2.5% | 17.3% | — | 16.3% | — | Very High | ₹11,845 Cr |
| 2 | WhiteOak Capital Multi Cap Fund WhiteOak Capital | 0.58 | −1.8% | 15.8% | — | 15.7% | — | Very High | ₹4,349 Cr |
| 3 | BANK OF INDIA MULTI CAP FUND Bank of India | 0.52 | 2.1% | 15.2% | — | 16.6% | — | Very High | ₹1,346 Cr |
| 4 | LIC MF Multi Cap Fund LIC | 0.48 | −0.1% | 15.1% | — | 18.2% | — | Very High | ₹2,169 Cr |
| 5 | HSBC Multi Cap Fund HSBC | 0.48 | −0.9% | 15.1% | — | 17.9% | — | Very High | ₹6,251 Cr |
| Multi Cap median | 0.38 | −2.4% | 12.5% | 11.2% | 16.5% | −21.2% |
ELSS · top 5 of 37
| # | Scheme | Sharpe | 1Y | 3Y CAGR | 5Y CAGR | Volatility | Max fall 5Y | Riskometer | AUM |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Motilal Oswal ELSS Tax Saver Fund Motilal Oswal | 0.53 | −0.2% | 18.3% | 14.4% | 22.2% | −27.9% | Very High | ₹4,675 Cr |
| 2 | HSBC ELSS Tax saver Fund HSBC | 0.46 | −3.7% | 14.4% | — | 16.9% | — | Very High | ₹3,848 Cr |
| 3 | WhiteOak Capital ELSS Tax Saver Fund WhiteOak Capital | 0.45 | −4.5% | 13.6% | — | 15.4% | — | Very High | ₹478 Cr |
| 4 | JM ELSS - Tax Saver Fund JM Financial | 0.44 | −3.0% | 14.2% | 10.9% | 17.1% | −21.4% | Very High | ₹229 Cr |
| 5 | Baroda BNP Paribas ELSS Tax Saver Fund Baroda BNP Paribas | 0.39 | −5.0% | 12.6% | — | 16.1% | — | Very High | ₹835 Cr |
| ELSS median | 0.21 | −7.9% | 9.5% | 8.7% | 15.4% | −18.9% |
Focused · top 5 of 27
| # | Scheme | Sharpe | 1Y | 3Y CAGR | 5Y CAGR | Volatility | Max fall 5Y | Riskometer | AUM |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Invesco India Focused Fund Invesco | 0.70 | 1.2% | 19.3% | 12.4% | 18.2% | −23.0% | Very High | ₹6,350 Cr |
| 2 | ICICI Prudential Focused Fund ICICI Prudential | 0.56 | −6.6% | 15.1% | 12.1% | 15.4% | −17.2% | Very High | ₹17,063 Cr |
| 3 | HDFC Focused Fund HDFC | 0.55 | −6.9% | 13.9% | 14.1% | 13.3% | −14.1% | Very High | ₹26,555 Cr |
| 4 | SBI FOCUSED FUND SBI | 0.52 | 3.4% | 14.1% | 9.3% | 14.2% | −23.0% | Very High | ₹50,066 Cr |
| 5 | ITI Focused Fund ITI | 0.42 | −2.4% | 13.7% | — | 16.9% | — | Very High | ₹590 Cr |
| Focused median | 0.27 | −6.3% | 10.6% | 8.9% | 15.4% | −20.4% |
Value · top 5 of 21
| # | Scheme | Sharpe | 1Y | 3Y CAGR | 5Y CAGR | Volatility | Max fall 5Y | Riskometer | AUM |
|---|---|---|---|---|---|---|---|---|---|
| 1 | DSP Value Fund DSP | 0.75 | 0.3% | 15.2% | 11.0% | 11.4% | −16.7% | — | — |
| 2 | Axis Value Fund Axis | 0.61 | −0.6% | 15.9% | 13.0% | 15.4% | −20.8% | Very High | ₹1,834 Cr |
| 3 | HDFC Value Fund HDFC | 0.48 | −2.3% | 14.1% | 11.2% | 15.8% | −18.7% | Very High | ₹7,980 Cr |
| 4 | Quant Value Fund quant | 0.47 | 1.7% | 17.0% | — | 22.0% | — | Very High | ₹1,796 Cr |
| 5 | LIC MF Value Fund LIC | 0.44 | 10.3% | 15.0% | — | 18.9% | — | Very High | ₹364 Cr |
| Value median | 0.24 | −8.0% | 10.3% | 10.3% | 15.4% | −18.4% |
Contra · top 5 of 3
| # | Scheme | Sharpe | 1Y | 3Y CAGR | 5Y CAGR | Volatility | Max fall 5Y | Riskometer | AUM |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Invesco India Contra Fund Invesco | 0.39 | −7.8% | 12.8% | 10.3% | 16.4% | −19.0% | Very High | ₹19,096 Cr |
| 2 | Kotak Contra Fund Kotak Mahindra | 0.34 | −9.0% | 12.1% | 11.0% | 16.2% | −19.4% | Very High | ₹5,030 Cr |
| 3 | SBI CONTRA FUND SBI | 0.19 | −9.9% | 9.1% | 12.4% | 14.3% | −16.2% | Very High | ₹44,230 Cr |
| Contra median | 0.34 | −9.0% | 12.1% | 11.0% | 16.2% | −19.0% |
Dividend Yield · top 5 of 9
| # | Scheme | Sharpe | 1Y | 3Y CAGR | 5Y CAGR | Volatility | Max fall 5Y | Riskometer | AUM |
|---|---|---|---|---|---|---|---|---|---|
| 1 | LIC MF Dividend Yield Fund LIC | 0.52 | −3.3% | 16.1% | — | 18.4% | — | Very High | ₹715 Cr |
| 2 | ICICI Prudential Dividend Yield Fund ICICI Prudential | 0.38 | −11.0% | 12.0% | 13.0% | 14.6% | −16.3% | Very High | ₹6,229 Cr |
| 3 | UTI - Dividend Yield Fund UTI | 0.37 | −7.6% | 12.0% | 9.2% | 14.8% | −18.8% | Very High | ₹3,559 Cr |
| 4 | Tata Dividend Yield Fund Tata | 0.26 | −2.2% | 11.0% | 10.4% | 16.8% | −21.0% | Very High | ₹1,064 Cr |
| 5 | Franklin India Dividend Yield Fund Franklin Templeton | 0.22 | −8.4% | 9.7% | 9.8% | 14.3% | −16.4% | Very High | ₹2,127 Cr |
| Dividend Yield median | 0.22 | −7.0% | 9.8% | 10.6% | 14.8% | −19.6% |
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.
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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.