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Mutual Fund for Beginners

Mutual funds for beginners are hand-picked schemes from two of the most suitable categories: Balanced Funds and ELSS (Tax Saving Schemes). Balanced Funds provide a mix of equity and FD-like instruments, aiming for good returns with lower risk. ELSS funds offer a dual benefit?tax savings and wealth growth?making them a smart choice for new investors.

  • This list of hand-picked Mutual Fund Schemes contain Aggressive Hybrid from Balanced category of Schemes and Tax-saving (i.e. ELSS Schemes)
  • ELSS Schemes have lowest lock-in of 3 years while Balanced Funds have no lock-in
  • Suitable for investment horizon of 3 years or more
Show returns & current values for:
ShowReturns foroffor
Investment: 6 Lakh

List of Mutual Fund for Beginners in India sorted by Returns

Motilal Oswal ELSS Tax Saver Fund
AUM
₹3,897 Crs
Current Value
Return (p.a)
+ 26.87% + 93.96% + 20.53% + 195.31% + 39.78% + 10.24% + 26.74% + 124.36% % -97.21% + 30.16% + 53.96% + 204.96% + 20.46% + 26.92% + 29.3% + 23.9% + 446.28% + 15.29% + 8.04% + 411.76% + 14.36%
ETM Rank
#NA of NAin ELSS Unranked
Genius only lock
Expense 0.64%
ICICI Prudential Equity & Debt Fund
AUM
₹42,340 Crs
Current Value
Return (p.a)
+ 22.11% + 73.07% + 18.62% + 166.38% + 21.78% + 5.87% + 19.78% + 96.85% % -97.22% + 20.27% + 34.56% + 45.85% + 6.44% + 17.49% + 18.73% + 21.15% + 395.67% + 10.87% + 5.75% + 22.54% + 1.69%
ETM Rank
#NA of NAin Aggressive Hybrid Unranked
Genius only lock
Expense 0.97%
DSP ELSS Tax Saver Fund
AUM
₹16,638 Crs
Current Value
Return (p.a)
+ 21.94% + 72.35% + 18.89% + 170.17% + 20.8% + 5.62% + 20.37% + 99.08% % -97.22% + 22.42% + 38.63% + 62.84% + 8.41% + 19.53% + 20.98% + 21.33% + 398.8% + 8.49% + 4.5% + 44.47% + 3.07%
ETM Rank
#NA of NAin ELSS Unranked
Genius only lock
Expense 0.74%
Edelweiss Aggressive Hybrid Fund
AUM
₹2,612 Crs
Current Value
Return (p.a)
+ 20.13% + 64.93% + 16.74% + 140.65% + 21.47% + 5.79% + 19.1% + 94.32% % -97.2% + 20.12% + 34.27% + 57.52% + 7.81% + 17.62% + 18.88% + 19.2% + 362.38% + 11.16% + 5.9% + 46.69% + 3.2%
ETM Rank
#NA of NAin Aggressive Hybrid Unranked
Genius only lock
Expense 0.39%
Kotak ELSS Tax Saver Fund
AUM
₹5,863 Crs
Current Value
Return (p.a)
+ 19.13% + 60.97% + 17.45% + 149.99% + 20.1% + 5.45% + 17.11% + 87.08% % -97.21% + 17.63% + 29.65% + 77.36% + 9.96% + 13.9% + 14.79% + 19.23% + 362.87% + 4.5% + 2.4% + 65.7% + 4.24%
ETM Rank
#NA of NAin ELSS Unranked
Genius only lock
Expense 0.63%
Invesco India ELSS Tax Saver Fund
AUM
₹2,845 Crs
Current Value
Return (p.a)
+ 18.88% + 60.0% + 16.87% + 142.31% + 21.53% + 5.81% + 18.01% + 90.33% % -97.19% + 20.7% + 35.35% + 99.53% + 12.15% + 17.57% + 18.82% + 18.37% + 349.02% + 8.5% + 4.51% + 118.26% + 6.63%
ETM Rank
#NA of NAin ELSS Unranked
Genius only lock
Expense 0.8%
Mirae Asset ELSS Tax Saver Fund
AUM
₹24,774 Crs
Current Value
Return (p.a)
+ 18.84% + 59.86% N.A. + 25.29% + 6.75% + 16.96% + 86.52% % -97.2% + 18.62% + 31.47% + 81.96% + 10.43% + 16.13% + 17.23% + 19.66% + 369.98% + 9.56% + 5.06% + 72.6% + 4.59%
ETM Rank
#NA of NAin ELSS Unranked
Genius only lock
Expense 0.59%
Canara Robeco ELSS Tax Saver
AUM
₹8,277 Crs
Current Value
Return (p.a)
+ 18.27% + 57.65% + 17.77% + 154.45% + 25.65% + 6.85% + 16.49% + 84.85% % -97.21% + 17.98% + 30.3% + 88.35% + 11.07% + 16.01% + 17.1% + 19.13% + 361.33% + 9.42% + 4.99% + 88.88% + 5.37%
ETM Rank
#NA of NAin ELSS Unranked
Genius only lock
Expense 0.53%
Baroda BNP Paribas Aggressive Hybrid Fund
AUM
₹1,180 Crs
Current Value
Return (p.a)
+ 17.06% + 53.05% N.A. + 20.1% + 5.45% + 16.28% + 84.09% % -97.22% + 17.57% + 29.55% + 63.53% + 8.48% + 15.4% + 16.43% + 17.25% + 331.39% + 8.77% + 4.65% + 64.88% + 4.2%
ETM Rank
#NA of NAin Aggressive Hybrid Unranked
Genius only lock
Expense 0.52%
SBI Equity Hybrid Fund
AUM
₹74,036 Crs
Current Value
Return (p.a)
+ 15.84% + 48.54% + 14.36% + 111.77% + 29.74% + 7.85% + 15.3% + 80.65% % -97.2% + 17.3% + 29.06% + 60.18% + 8.11% + 17.63% + 18.88% + 15.47% + 304.84% + 16.42% + 8.62% + 49.77% + 3.38%
ETM Rank
#NA of NAin Aggressive Hybrid Unranked
Genius only lock
Expense 0.73%
Canara Robeco Equity Hybrid Fund
AUM
₹10,655 Crs
Current Value
Return (p.a)
+ 15.67% + 47.93% + 14.98% + 118.95% + 22.63% + 6.09% + 14.97% + 79.52% % -97.21% + 16.41% + 27.43% + 64.12% + 8.55% + 15.08% + 16.08% + 15.94% + 311.67% + 10.53% + 5.57% + 58.31% + 3.85%
ETM Rank
#NA of NAin Aggressive Hybrid Unranked
Genius only lock
Expense 0.57%
Mirae Asset Aggressive Hybrid Fund
AUM
₹8,854 Crs
Current Value
Return (p.a)
+ 15.51% + 47.35% N.A. + 22.16% + 5.97% + 14.57% + 78.13% % -97.21% + 15.84% + 26.41% + 59.23% + 8.0% + 14.3% + 15.23% + 15.64% + 307.36% + 9.86% + 5.22% + 50.29% + 3.4%
ETM Rank
#NA of NAin Aggressive Hybrid Unranked
Genius only lock
Expense 0.39%
Sundaram Aggressive Hybrid Fund
AUM
₹5,619 Crs
Current Value
Return (p.a)
+ 15.32% + 46.65% + 13.99% + 107.66% + 16.74% + 4.58% + 14.14% + 76.64% % -97.22% + 15.19% + 25.24% + 49.57% + 6.88% + 13.65% + 14.52% + 15.06% + 299.02% + 7.88% + 4.18% + 27.45% + 2.01%
ETM Rank
#NA of NAin Aggressive Hybrid Unranked
Genius only lock
Expense 0.7%
Aditya Birla Sun Life ELSS Tax Saver Fund
AUM
₹14,818 Crs
Current Value
Return (p.a)
+ 14.32% + 43.09% + 12.5% + 91.7% + 29.56% + 7.81% + 14.56% + 78.11% % -97.2% + 16.84% + 28.22% + 89.02% + 11.14% + 15.54% + 16.58% + 13.38% + 275.78% + 9.83% + 5.2% + 95.0% + 5.64%
ETM Rank
#NA of NAin ELSS Unranked
Genius only lock
Expense 1.02%
Axis ELSS Tax Saver Fund
AUM
₹34,176 Crs
Current Value
Return (p.a)
+ 13.98% + 41.92% + 14.03% + 108.02% + 19.64% + 5.33% + 13.27% + 73.69% % -97.21% + 16.22% + 27.09% + 62.9% + 8.41% + 14.46% + 15.4% + 14.27% + 287.86% + 7.96% + 4.23% + 45.71% + 3.14%
ETM Rank
#NA of NAin ELSS Unranked
Genius only lock
Expense 0.8%
DSP Dynamic Asset Allocation Fund
AUM
₹3,311 Crs
Current Value
Return (p.a)
+ 12.5% + 36.8% + 11.22% + 79.12% + 16.31% + 4.46% + 12.95% + 72.59% % -97.22% + 14.46% + 23.94% + 31.09% + 4.57% + 13.91% + 14.8% + 12.13% + 259.4% + 10.6% + 5.6% + 27.59% + 2.02%
ETM Rank
#NA of NAin Dynamic Asset Allocation Unranked
Genius only lock
Expense 0.68%
Bandhan Balanced Advantage Fund
AUM
₹2,217 Crs
Current Value
Return (p.a)
+ 11.88% + 34.74% + 11.15% + 78.43% + 13.8% + 3.81% + 11.8% + 68.76% % -97.21% + 13.03% + 21.42% + 39.62% + 5.67% + 11.95% + 12.67% + 11.9% + 256.47% + 8.23% + 4.37% + 35.05% + 2.5%
ETM Rank
#NA of NAin Dynamic Asset Allocation Unranked
Genius only lock
Expense 0.74%
Motilal Oswal Balanced Advantage Fund
AUM
₹904 Crs
Current Value
Return (p.a)
+ 7.38% + 20.44% N.A. + 2.08% + 0.59% + 6.7% + 52.6% % -97.24% + 5.86% + 9.28% + 57.08% + 7.76% -0.53% -0.55% + 8.17% + 212.05% -9.97% -5.44% + 68.33% + 4.37%
ETM Rank
#NA of NAin Dynamic Asset Allocation Unranked
Genius only lock
Expense 0.97%
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