Top Performing Mutual Funds in India: Making the Right Investment Choice

Selecting an investment option in India is much like shopping for clothes – the array of choices can lead investors to feel overwhelmed. Just as buyers might get perplexed by the abundance of options, investors can find themselves in a similar situation. With numerous choices at hand, it's essential to discern which mutual funds have outperformed their benchmark indexes, and which have not. Over the past five years, the Mutual Fund industry has experienced remarkable growth.

Many investors are now seeking mutual fund schemes that have exhibited better performance than the market average.

Here is a compilation of the best mutual funds in India with superior performance compared to their respective benchmarks:

Franklin India Bluechip - Growth: Achieved 17.5% growth.

HDFC Top 100 Fund - Growth: Attained 19.5% growth.

Franklin India Prima Fund - Growth: Demonstrated 20.2% growth.

Nippon India Growth Fund - Reg - Growth: Registered 22.6% growth.

Aditya Birla Sun Life Flexi Cap Fund - Growth: Noted 19.9% growth.

Franklin India Flexi Cap Fund - Growth: Recorded 19.7% growth.

HDFC Flexi Cap Fund - Growth: Achieved 20.4% growth.

The aforementioned data is provided by MFI, FundsIndia Research, with figures updated as of July 31, 2023. These funds have yielded returns of 17% to 20% over 20 years.

Franklin India Bluechip - Growth: Launched on December 1, 1993, it's benchmarked against NIFTY 100 and NIFTY 50 - TRI.

HDFC Top 100 Fund - Growth: Introduced on September 4, 1996, benchmarked against NIFTY 100 Total Return Index.

Franklin India Prima Fund - Growth: Originated on December 1, 1993, benchmarked to IISL Nifty Midcap 150 TR INR.

Nippon India Growth Fund - Reg - Growth: Commenced on October 8, 1995, benchmarked to IISL Nifty Midcap 150 TR INR.

Aditya Birla Sun Life Flexi Cap Fund: Started on August 27, 1998, benchmarked against NIFTY 50 - TRI and NIFTY 500 - TRI.

Franklin India Flexi Cap Fund - Growth: Established on September 19, 1994, benchmarked against NIFTY 500 Total Return Index.

HDFC Flexi Cap Fund - Growth: Launched on January 1, 1995, benchmarked against NIFTY 500 Total Return Index.

Analyzing Benchmark Performance:

Nifty 50 Index's 20-year annual return: 14.92%

Nifty 100 return since November 2005: 11.9%

Nifty 500 annual return: 13.9%

Nifty Midcap 150 Index since September 2016: 16%