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Top funds

Rated categories grouped by 3-year volatility, lowest to highest. Top 2 funds per category. Shortlisted funds go to New picks.

All equity funds carry SEBI's "Very High" riskometer label. Groups reflect past 3-year volatility only; differences between categories are small and individual funds vary. The split into thirds is not a published standard (details).

Lower risk

fundrating3y return3y volatility3y Sharpe3y rank
Large Cap Fund ยท median 3y volatility 14.36% ยท 35 funds, as of 2026-10
Invesco India Large Cap Fund - Direct Plan - Growth โ˜…โ˜…โ˜…โ˜…โ˜…14.15%16.15%0.544th
WhiteOak Capital Large Cap Fund - Direct Plan - Growth Option โ˜…โ˜…โ˜…โ˜…โ˜…13.22%14.12%0.547th
Dividend Yield Fund ยท median 3y volatility 14.82% ยท 12 funds, as of 2026-10
LIC MF Dividend Yield Fund - Direct Plan - Growth โ˜…โ˜…โ˜…โ˜…โ˜…17.62%18.42%0.661st
ICICI Prudential Dividend Yield Fund - Direct Plan - Growth โ˜…โ˜…โ˜…โ˜…โ˜…13.54%14.60%0.5413th
Focused Fund ยท median 3y volatility 15.39% ยท 28 funds, as of 2026-10
Invesco India Focused Fund - Direct Plan - Growth โ˜…โ˜…โ˜…โ˜…โ˜…21.31%18.17%0.841st
ICICI Prudential Focused Fund - Direct Plan - Growth โ˜…โ˜…โ˜…โ˜…โ˜…16.60%15.39%0.704th
ELSS ยท median 3y volatility 15.45% ยท 37 funds, as of 2026-10
Motilal Oswal ELSS Tax Saver Fund - Direct Plan - Growth โ˜…โ˜…โ˜…โ˜…โ˜…19.60%22.20%0.651st
WhiteOak Capital ELSS Tax Saver Fund - Direct Plan - Growth Option โ˜…โ˜…โ˜…โ˜…โ˜…15.48%15.42%0.633rd

Medium risk

fundrating3y return3y volatility3y Sharpe3y rank
Value Fund ยท median 3y volatility 15.45% ยท 24 funds, as of 2026-10
Axis Value Fund - Direct Plan - Growth Option โ˜…โ˜…โ˜…โ˜…โ˜…17.83%15.38%0.771st
Quant Value Fund - Direct Plan - Growth Option โ˜…โ˜…โ˜…โ˜…โ˜…18.94%21.98%0.6310th
Flexi Cap Fund ยท median 3y volatility 15.71% ยท 46 funds, as of 2026-10
ITI Flexi Cap Fund - Direct Plan - Growth Option โ˜…โ˜…โ˜…โ˜…โ˜…18.29%17.48%0.721st
BANK OF INDIA FLEXI CAP FUND - Direct Plan - Growth โ˜…โ˜…โ˜…โ˜…โ˜…18.11%18.83%0.673rd
Contra Fund ยท median 3y volatility 16.16% ยท 5 funds, as of 2026-10 ยท not rated: needs 5 funds with 3y history (3 have it)

Higher risk

fundrating3y return3y volatility3y Sharpe3y rank
Large & Mid Cap Fund ยท median 3y volatility 16.26% ยท 37 funds, as of 2026-10
Invesco India Large & Mid Cap Fund - Direct Plan - Growth โ˜…โ˜…โ˜…โ˜…โ˜…21.34%18.88%0.811st
Motilal Oswal Large and Midcap Fund - Direct Plan - Growth โ˜…โ˜…โ˜…โ˜…โ˜…20.66%21.96%0.704th
Multi Cap Fund ยท median 3y volatility 16.56% ยท 33 funds, as of 2026-10
Axis Multicap Fund - Direct Plan - Growth Option โ˜…โ˜…โ˜…โ˜…โ˜…18.83%16.27%0.791st
WhiteOak Capital Multi Cap Fund - Direct Plan - Growth Option โ˜…โ˜…โ˜…โ˜…โ˜…17.44%15.69%0.735th
Mid Cap Fund ยท median 3y volatility 18.33% ยท 34 funds, as of 2026-10
Invesco India Mid Cap Fund - Direct Plan - Growth โ˜…โ˜…โ˜…โ˜…โ˜…21.88%20.17%0.801st
WhiteOak Capital Mid Cap Fund - Direct Plan - Growth Option โ˜…โ˜…โ˜…โ˜…โ˜…20.27%17.54%0.814th
Small Cap Fund ยท median 3y volatility 20.11% ยท 37 funds, as of 2026-10
BANDHAN Small Cap Fund - Direct Plan - Growth โ˜…โ˜…โ˜…โ˜…โ˜…21.56%20.96%0.765th
Invesco India Small Cap Fund - Direct Plan - Growth โ˜…โ˜…โ˜…โ˜…โ˜…20.26%20.03%0.739th
Debt and hybrid funds are not covered. Past performance only.