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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
₹4,360 Cr
Current Value
Return (p.a)
+ 22.04% + 72.76% + 18.15% + 159.58% + 29.48% + 7.21% + 22.06% + 105.35% % -97.13% + 22.62% + 39.11% -9.9% -1.76% + 15.66% -22.1% + 21.07% + 393.83% + 5.12% + 2.53% -9.18% -1.36%
ETM Rank
#NA of NAin ELSS Unranked
App exclusive lock
Expense 1.83%
ICICI Prudential Equity & Debt Fund
AUM
₹42,340 Cr
Current Value
Return (p.a)
+ 19.87% + 64.14% + 17.71% + 153.55% + 19.51% + 5.14% + 18.0% + 90.47% % -97.2% + 17.91% + 30.32% + 9.58% + 1.57% + 13.92% -23.34% + 20.15% + 378.4% + 10.94% + 5.7% + 23.24% + 1.62%
ETM Rank
#NA of NAin Aggressive Hybrid Unranked
App exclusive lock
Expense 1.56%
DSP ELSS Tax Saver Fund
AUM
₹16,974 Cr
Current Value
Return (p.a)
+ 17.8% + 56.0% + 16.97% + 143.65% + 9.37% + 2.35% + 16.73% + 85.76% % -97.19% + 16.92% + 28.55% -10.3% -1.79% + 11.22% -25.27% + 18.87% + 356.81% + 2.02% + 1.0% -4.24% -0.62%
ETM Rank
#NA of NAin ELSS Unranked
App exclusive lock
Expense 1.63%
Mirae Asset ELSS Tax Saver Fund
AUM
₹25,567 Cr
Current Value
Return (p.a)
+ 15.75% + 48.38% N.A. + 22.22% + 5.72% + 14.86% + 79.19% % -97.18% + 15.53% + 26.05% + 0.75% + 0.11% + 11.74% -24.88% + 17.63% + 337.21% + 8.25% + 4.29% + 9.19% + 0.22%
ETM Rank
#NA of NAin ELSS Unranked
App exclusive lock
Expense 1.56%
Kotak ELSS Tax Saver Fund
AUM
₹6,266 Cr
Current Value
Return (p.a)
+ 15.5% + 47.44% + 15.55% + 125.7% + 17.31% + 4.49% + 14.11% + 76.61% % -97.18% + 13.41% + 22.29% -4.39% -0.74% + 8.55% -27.19% + 16.91% + 326.07% + 3.74% + 1.89% + 2.0% -0.16%
ETM Rank
#NA of NAin ELSS Unranked
App exclusive lock
Expense 1.76%
Invesco India ELSS Tax Saver Fund
AUM
₹2,787 Cr
Current Value
Return (p.a)
+ 15.37% + 46.91% + 14.88% + 117.71% + 21.6% + 5.56% + 15.04% + 79.71% % -97.18% + 16.1% + 26.95% -1.11% -0.02% + 10.86% -25.56% + 16.13% + 314.23% + 4.46% + 2.24% + 15.38% + 0.94%
ETM Rank
#NA of NAin ELSS Unranked
App exclusive lock
Expense 1.92%
Canara Robeco ELSS Tax Saver
AUM
₹8,859 Cr
Current Value
Return (p.a)
+ 14.52% + 43.89% + 15.94% + 130.5% + 18.9% + 4.87% + 13.47% + 74.33% % -97.19% + 13.75% + 22.81% -2.77% -0.29% + 10.19% -26.04% + 16.69% + 322.74% + 5.31% + 2.72% + 6.89% + 0.39%
ETM Rank
#NA of NAin ELSS Unranked
App exclusive lock
Expense 1.69%
SBI Equity Hybrid Fund
AUM
₹74,036 Cr
Current Value
Return (p.a)
+ 13.43% + 40.08% + 13.07% + 97.67% + 13.58% + 3.58% + 13.15% + 73.32% % -97.19% + 14.22% + 23.61% -5.08% -0.68% + 12.76% -24.21% + 13.93% + 283.27% + 10.44% + 5.42% -3.02% -0.25%
ETM Rank
#NA of NAin Aggressive Hybrid Unranked
App exclusive lock
Expense 1.39%
Aditya Birla Sun Life ELSS Tax Saver Fund
AUM
₹14,818 Cr
Current Value
Return (p.a)
+ 12.74% + 37.7% + 11.44% + 81.24% + 26.07% + 6.64% + 13.49% + 74.38% % -97.2% + 14.77% + 24.6% + 4.55% + 0.77% + 12.23% -24.55% + 12.43% + 263.17% + 10.1% + 5.2% + 14.55% + 0.8%
ETM Rank
#NA of NAin ELSS Unranked
App exclusive lock
Expense 1.69%
Canara Robeco Equity Hybrid Fund
AUM
₹10,949 Cr
Current Value
Return (p.a)
+ 12.74% + 37.67% + 13.18% + 98.8% + 14.96% + 3.92% + 12.35% + 70.6% % -97.2% + 12.74% + 21.01% -1.82% -0.2% + 10.06% -26.15% + 13.81% + 281.49% + 6.13% + 3.18% + 6.02% + 0.36%
ETM Rank
#NA of NAin Aggressive Hybrid Unranked
App exclusive lock
Expense 1.72%
Mirae Asset Aggressive Hybrid Fund
AUM
₹9,058 Cr
Current Value
Return (p.a)
+ 12.51% + 36.98% + 12.91% + 96.0% + 14.64% + 3.88% + 12.0% + 69.48% % -97.2% + 12.33% + 20.36% -2.51% -0.36% + 9.72% -26.37% + 13.41% + 276.18% + 6.33% + 3.34% -2.03% -0.35%
ETM Rank
#NA of NAin Aggressive Hybrid Unranked
App exclusive lock
Expense 1.72%
Sundaram Aggressive Hybrid Fund
AUM
₹6,146 Cr
Current Value
Return (p.a)
+ 12.17% + 35.74% + 12.17% + 88.42% + 10.06% + 2.66% + 11.3% + 67.1% % -97.2% + 11.38% + 18.65% -5.38% -0.79% + 8.36% -27.38% + 12.95% + 269.92% + 3.37% + 1.71% -5.48% -0.55%
ETM Rank
#NA of NAin Aggressive Hybrid Unranked
App exclusive lock
Expense 1.8%
Axis ELSS Tax Saver Fund
AUM
₹34,176 Cr
Current Value
Return (p.a)
+ 11.79% + 34.46% + 12.75% + 94.28% + 17.11% + 4.39% + 11.86% + 68.85% % -97.19% + 13.66% + 22.53% + 0.61% + 0.19% + 10.65% -25.74% + 12.91% + 269.3% + 6.06% + 3.04% + 7.35% + 0.54%
ETM Rank
#NA of NAin ELSS Unranked
App exclusive lock
Expense 1.54%
DSP Dynamic Asset Allocation Fund
AUM
₹3,397 Cr
Current Value
Return (p.a)
+ 10.29% + 29.55% + 9.53% + 63.75% + 9.14% + 2.51% + 10.81% + 65.52% % -97.21% + 11.46% + 18.73% + 0.61% + 0.14% + 9.74% -26.42% + 10.23% + 235.88% + 6.39% + 3.36% -0.77% -0.06%
ETM Rank
#NA of NAin Dynamic Asset Allocation Unranked
App exclusive lock
Expense 1.9%
Bandhan Balanced Advantage Fund
AUM
₹2,263 Cr
Current Value
Return (p.a)
+ 9.56% + 27.18% + 9.44% + 62.92% + 11.13% + 2.92% + 9.64% + 61.72% % -97.2% + 10.14% + 16.45% + 0.82% + 0.15% + 8.24% -27.5% + 10.0% + 232.95% + 5.16% + 2.68% + 4.92% + 0.19%
ETM Rank
#NA of NAin Dynamic Asset Allocation Unranked
App exclusive lock
Expense 2.01%
Motilal Oswal Balanced Advantage Fund
AUM
₹923 Cr
Current Value
Return (p.a)
+ 7.94% + 22.28% N.A. + 37.48% + 9.88% + 7.98% + 56.71% % -97.16% + 7.39% + 12.04% + 30.14% + 4.43% + 2.93% -31.15% + 8.28% + 213.38% + 4.35% + 2.56% + 45.9% + 3.24%
ETM Rank
#NA of NAin Dynamic Asset Allocation Unranked
App exclusive lock
Expense 2.23%
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