Top Equity Savings Mutual Funds (2026)
Ranked by 3 year return, Direct plans, as on the latest NAV · AUM as on 30-09-2026
There are 24 Equity Savings mutual funds. Their average 3 year return is 8.6% a year, and +2.1% over the last year. The highest 3 year returns: HSBC Equity Savings Fund 12.8%, Edelweiss Equity Savings Fund 10.9%, Mirae Asset Equity Savings Fund 10.0%.
- Total AUM
- ₹51,703 Cr
- As on 30-09-2026
- Funds
- 24
- From 24 fund houses
- Expense ratio
- 0.63% to 2.11%
- Direct plans, lowest to highest
- Average 3Y return
- 8.6%
- A year, Direct plans
All Equity Savings Funds
Ranked by 3 year return, highest first
Ranked by 3 year return, highest first
| Exit load | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| HSBC Equity Savings Fund | 1 | 1,558 | +6.04% | +12.81% | -- | -- | Low to Moderate | 1.41% | 0.5% within 1 month | 7.16% |
| Edelweiss Equity Savings Fund | 2 | 1,704 | +5.36% | +10.93% | +9.34% | -- | Moderate | 1.08% | 0.25% within 30 days | 3.94% |
| Mirae Asset Equity Savings Fund | 3 | 1,994 | +2.60% | +9.98% | +8.69% | -- | Moderately High | 0.73% | 1% within 90 days | 5.66% |
| Kotak Equity Savings Fund | 4 | 10,443 | +0.58% | +9.45% | +9.14% | +9.65% | Moderately High | 1.09% | 1% within 90 days | 5.66% |
| Axis Equity Savings Fund | 5 | 855 | +2.69% | +9.39% | +7.51% | +9.30% | Moderately High | 1.56% | 1% within 1 month | 5.21% |
| Mahindra Manulife Equity Savings Fund | 6 | 519 | +2.74% | +9.27% | +8.05% | -- | Moderately High | 1.28% | 1% within 15 days | 5.15% |
| Baroda BNP Paribas Equity Savings Fund | 7 | 267 | +1.65% | +9.14% | +8.02% | -- | -- | 1.71% | -- | 5.50% |
| Sundaram Equity Savings Fund | 8 | 943 | −1.58% | +8.79% | -- | -- | -- | 1.35% | 0.5% within 7 days | 5.50% |
| Invesco India Equity Savings Fund | 9 | 268 | −1.47% | +8.51% | +7.22% | -- | Moderate | 1.51% | 0.25% within 1 month | 5.30% |
| HDFC Equity Savings Fund | 10 | 5,533 | +0.39% | +8.28% | +7.85% | +9.27% | Moderately High | 1.30% | 1% within 1 month | 4.70% |
| DSP Equity Savings Fund | 11 | 3,087 | +0.40% | +8.26% | +7.44% | +8.35% | Moderately High | 1.10% | None | 3.44% |
| LIC MF Equity Savings Fund | 12 | 39 | −0.33% | +8.23% | -- | -- | Moderate | 1.86% | 1% within 3 months | 6.85% |
| UTI - Equity Savings Fund | 13 | 804 | +0.72% | +8.11% | +8.28% | -- | Moderately High | 1.04% | 1% within 30 days | 4.43% |
| SBI Equity Savings Fund | 14 | 5,413 | +1.43% | +7.91% | +7.95% | +8.92% | Moderate | 1.46% | 0.1% within 15 days | 4.77% |
| Aditya Birla Sun Life Equity Savings Fund | 15 | 1,116 | +2.96% | +7.69% | +6.37% | +7.86% | Moderate | 1.19% | 0.25% within 7 days | 2.84% |
| Franklin India Equity Savings Fund | 16 | 560 | +2.60% | +7.30% | +6.80% | -- | -- | 0.82% | None | 2.59% |
| Bandhan Equity Savings Fund | 17 | 409 | +3.37% | +7.17% | +6.70% | +7.17% | Low to Moderate | 0.63% | 0.25% within 7 days | 2.34% |
| ICICI Prudential Equity Savings Fund | 18 | 14,905 | +1.98% | +6.93% | +7.37% | +7.85% | -- | 1.12% | 0.25% within 7 days | 2.47% |
| Union Equity Savings Fund | 19 | 114 | +0.67% | +6.60% | +5.74% | -- | Moderately High | 2.11% | 1% within 15 days | 4.70% |
| PGIM India Equity Savings Fund | 20 | 57 | +1.77% | +6.34% | +5.84% | +7.46% | Moderate | 1.12% | None | 2.77% |
| Nippon India Equity Savings Fund | -- | 744 | -- | -- | -- | -- | -- | 0.99% | -- | -- |
| WhiteOak Capital Equity Savings Fund | -- | 271 | +4.28% | -- | -- | -- | Moderate | 1.51% | None | -- |
| quant Equity Savings Fund | -- | 60 | +6.16% | -- | -- | -- | -- | 2.02% | -- | -- |
| Bajaj Finserv Equity Savings Fund | -- | 40 | +3.77% | -- | -- | -- | Moderate | 1.05% | 0.25% within 7 days | -- |
Returns of each fund's Direct plan (its only plan where it has one), as on the latest NAV. 3, 5 and 10 year figures are a rate a year. Std dev: how much the daily returns swung over 3 years, as a yearly figure; lower is steadier. Riskometer and exit load from the fund's scheme summary document; "Varies" means the load changes with how long you hold, and the fund page has the full wording. Expense ratio: Direct plan, from AMFI. AUM at the end of the fund's last reported month. A fund younger than 3 years has no rank and is listed after the ranked ones.
Stocks Equity Savings Funds Bought and Sold in September 2026
What the 5 largest Equity Savings funds changed in their September 2026 portfolios, against the month before
Bought
| Stock | New in | Added by |
|---|---|---|
| TRENT LTDKotak Equity Savings, HDFC Equity Savings | 2 funds | -- |
| BAJAJ FINANCE LTD.Kotak Equity Savings, SBI Equity Savings | 1 fund | 1 fund |
| Bajaj Auto Ltd.Kotak Equity Savings, HDFC Equity Savings | 1 fund | 1 fund |
| HDFC Life Insurance Company LtdKotak Equity Savings, HDFC Equity Savings | 1 fund | 1 fund |
| ICICI BANK LTD.Kotak Equity Savings, SBI Equity Savings | -- | 2 funds |
| Bharti Airtel Ltd.ICICI Prudential Equity Savings, HDFC Equity Savings | -- | 2 funds |
| Biocon Ltd.ICICI Prudential Equity Savings, HDFC Equity Savings | -- | 2 funds |
| HDFC Asset Management Co LimitedDSP Equity Savings | 1 fund | -- |
| Muthoot Finance Ltd.HDFC Equity Savings | 1 fund | -- |
| HERO MOTORS LIMITEDKotak Equity Savings | 1 fund | -- |
Sold
| Stock | Exited by | Reduced by |
|---|---|---|
| Britannia Industries Ltd.Kotak Equity Savings, HDFC Equity Savings | 2 funds | -- |
| Steel Authority of India Ltd.Kotak Equity Savings, DSP Equity Savings | 1 fund | 1 fund |
| Oil & Natural Gas Corporation Ltd.ICICI Prudential Equity Savings, HDFC Equity Savings | 1 fund | 1 fund |
| Aurobindo Pharma Ltd.Kotak Equity Savings, DSP Equity Savings | 1 fund | 1 fund |
| NTPC LTDKotak Equity Savings, HDFC Equity Savings | -- | 2 funds |
| Hero MotoCorp Ltd.HDFC Equity Savings, DSP Equity Savings | -- | 2 funds |
| DLF Ltd.ICICI Prudential Equity Savings, SBI Equity Savings | -- | 2 funds |
| Cipla Ltd.ICICI Prudential Equity Savings, Kotak Equity Savings | -- | 2 funds |
| Coal India Ltd.ICICI Prudential Equity Savings, Kotak Equity Savings | -- | 2 funds |
| BAJAJ FINANCE LTD.DSP Equity Savings | 1 fund | -- |
From each fund's own monthly portfolio, stocks only. "New in" means the fund did not hold the stock the month before; "Exited by" means it sold all of it. Added and reduced count shares held, so a price move alone is not a change. Funds counted: ICICI Prudential Equity Savings Fund, Kotak Equity Savings Fund, HDFC Equity Savings Fund, SBI Equity Savings Fund, DSP Equity Savings Fund.
Compare Equity Savings Funds
The largest funds of the category, side by side
How Equity Savings Funds Are Taxed
As equity funds: 65% or more of each fund is in Indian stocks
| When you sell | Tax on the gain |
|---|---|
| Within 1 year | 20% of the gain (short term) |
| After 1 year | 12.5% of gains above ₹1.25 lakh a financial year (long term) |
- IDCW (dividend) payouts are added to your income and taxed at your slab rate.
- A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
What Is a Equity Savings Fund?
At least 65% in stocks (part of it hedged with derivatives) and at least 10% in debt. This is the rule SEBI sets for every fund in the category, so their portfolios can be compared.
Other hybrid categories: Aggressive Hybrid · Balanced Advantage · Multi Asset · Arbitrage · Conservative Hybrid
Equity Savings Funds: Frequently Asked Questions
Which are the top Equity Savings mutual funds?
By 3 year return, the top Equity Savings funds are 1. HSBC Equity Savings Fund (12.8% a year), 2. Edelweiss Equity Savings Fund (10.9% a year), 3. Mirae Asset Equity Savings Fund (10.0% a year), 4. Kotak Equity Savings Fund (9.4% a year), 5. Axis Equity Savings Fund (9.4% a year). Past returns do not promise future returns, so also look at costs, risk and how long each fund has done well.
How many Equity Savings funds are there?
24 Equity Savings funds are open for investment, from 24 fund houses.
What is a Equity Savings fund?
At least 65% in stocks (part of it hedged with derivatives) and at least 10% in debt.
What is the average return of Equity Savings funds?
1 year: 2.1%, 3 years: 8.6% a year, 5 years: 7.5% a year. The simple average of every Equity Savings fund's Direct plan.
Which Equity Savings fund has the lowest expense ratio?
Bandhan Equity Savings Fund, at 0.63% a year (Direct plan), as reported to AMFI.
Which is the largest Equity Savings fund?
ICICI Prudential Equity Savings Fund, with ₹14,905 Cr of investors' money on 30-09-2026.
How are Equity Savings funds taxed?
As equity funds: gains on units sold within 1 year are taxed at 20%; after that, gains above ₹1.25 lakh a financial year are taxed at 12.5%.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.