Best Equity Savings in India

25 equity savings in India, of which 20 meet the eligibility criteria, ranked on Sharpe ratio. Income with less volatility than equity?

Ranked on risk-adjusted return, not raw return — the point of this group is smoother outcomes.

Equity Savings ranked by Sharpe ratio

#
1Edelweiss Equity Savings Fund - Direct Plan - Growth OptionPlatinum1.21-9.5%+10.90%73%+9.04%₹1,530 Cr1.15%
2HSBC Equity Savings Fund - Direct GrowthGold0.94-11.5%+14.25%100%+10.96%₹1,326 Cr1.59%
3Aditya Birla Sun Life Equity Savings Fund - Direct Plan - Growth0.81-17.8%+8.88%22%+6.74%₹1,123 Cr1.22%
4Mahindra Manulife Equity Savings Fund - Direct Plan -GrowthSilver0.76-20.5%+11.91%77%+8.37%₹535 Cr1.25%
5Kotak Equity Savings Fund - Direct - GrowthPlatinum0.74-16.5%+10.40%53%+7.56%₹10,409 Cr1.07%
6DSP Equity Savings Fund - Direct Plan - Growth0.72-18.9%+10.04%45%+3.53%₹3,464 Cr1.09%
7Axis Equity Savings Fund - Direct Plan - GrowthBronze0.71-17.6%+10.27%53%+7.29%₹889 Cr1.49%
8Franklin India Equity Savings Fund- Growth Direct0.70-16.7%+9.51%35%+4.95%₹595 Cr0.82%
9Mirae Asset Equity Savings Fund - Direct Plan - GrowthSilver0.70-18.2%+12.14%97%+7.11%₹2,007 Cr0.72%
10BANDHAN Equity Savings Fund-Direct Plan-Growth0.67-17.3%+7.75%3%+5.36%₹400 Cr0.66%
11Baroda BNP Paribas Equity Savings Fund - Direct Plan - GrowthPlatinum0.63-8.4%+9.79%40%+7.27%₹286 Cr1.67%
12Sundaram Equity Savings Fund (Formerly Known as Principal Equity Savings Fund) - Direct Plan - Growth OptionSilver0.62-6.2%+12.67%93%+3.75%₹1,032 Cr1.34%
13UTI Equity Savings Fund - Direct Plan - Growth OptionGold0.60-13.8%+11.46%85%+5.83%₹841 Cr1.07%
14SBI Equity Savings Fund - Direct Plan - Growth0.59-19.5%+10.28%52%+4.69%₹5,558 Cr1.47%
15HDFC Equity Savings Fund - Growth Option - Direct PlanBronze0.57-16.9%+11.35%71%+4.90%₹5,699 Cr1.29%
16Invesco India Equity Savings Fund - Direct Plan - Growth0.52-13.6%+10.09%49%+1.42%₹292 Cr1.49%
17ICICI Prudential Equity Savings Fund - Direct Plan - Cumulative option0.46-19.2%+8.86%11%+3.91%₹16,179 Cr1.12%
18Nippon India Equity Savings Fund- Direct Plan- Growth Plan-Growth Option0.40-31.7%+7.85%12%+4.45%₹800 Cr0.92%
19Union Equity Savings Fund - Direct Plan - Growth Option0.29-14.4%+8.42%9%+4.93%₹115 Cr2.14%
20WhiteOak Capital Equity Savings Fund Direct Plan GrowthBronze-3.8%+8.58%₹269 Cr1.57%

Badges are our own quality tiers — Platinum (top 10%), Gold (25%), Silver (50%), Bronze (75%) — scored within each sub-category, so they compare a fund with its peers and not with funds of a different type. “3Y typical” is the median annualised return across every 3-year holding period the fund has lived through, not a single 3-year figure; “3Y loss odds” is the share of those periods that ended down. “Beat peers” is the share in which it beat its category's median, and “worst fall” is its deepest peak-to-trough drop. Open a fund for the full distribution. Click any column heading to re-sort — including the fund name, which groups a house’s funds together. Funds with no value for a column sort last. Returns over 1 year are annualised (CAGR). Past performance does not indicate future returns. Eligibility: Direct, Growth only, minimum AUM ₹100 Cr, at least 1 year(s) old. Past performance. Returns for 3y/5y are annualised (CAGR) and are withheld where the NAV series does not support the period.

Equity Savings — FAQs
Why rank these on risk-adjusted return?

The purpose of this group is a smoother path, not the highest possible number. A fund that earned slightly less with much less volatility is doing the job better, which is what a risk-adjusted measure captures and a raw return does not.

What risks do debt funds carry?

Two main ones. Interest-rate risk: when yields rise, existing bonds fall in value, and longer-duration funds move more. Credit risk: a borrower may be downgraded or default, which affects the NAV directly. Categories differ substantially in how much of each they take.