Best Mutual Funds for SIP in India (2026)
Live · updated 2026-09-16 Ranked by data, refreshed from daily NAVs
SIPs reward funds that deliver regularly, not in one burst. These funds are ranked by long-term quality among those whose rolling 1-year windows were positive at least 75% of the time. This page is recomputed from NAV data every day, so it cannot go stale, and every fund on it links to a full research page with returns, risk, SIP outcomes, holdings and manager track record.
A SIP buys more units when markets fall and fewer when they rise - which quietly means SIP investors are rewarded by a different kind of fund than lumpsum investors. What matters most is not the highest peak return but regular delivery: a fund that performs in most periods, rather than one spectacular year surrounded by droughts.
This ranking is built for that reality: it only admits funds whose rolling one-year windows were positive at least three-quarters of the time, then orders them by overall quality. One more honest note: a SIP does not remove risk, it schedules it. In a prolonged fall your SIP keeps buying cheaper units, which feels terrible and works brilliantly - but only if you keep the SIP running. Check each fund's crash behaviour on its page before committing to one.
Tap any column heading to sort. Every fund name links to its full review.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | WhiteOak Capital Large Cap Fund | 88 | 97 | 0.6% | 4.2% | -1.4% | 12.2% | n/a | n/a | 0.4 | 17.7% | -15.2% |
| 2 | WhiteOak Capital Mid Cap Fund | 96 | 96 | 4.1% | 18.5% | 12.2% | 21.0% | n/a | n/a | 0.87 | 27.1% | -19.3% |
| 3 | WhiteOak Capital ELSS Tax Saver Fund | 80 | 96 | 3.2% | 11.7% | 2.1% | 15.3% | n/a | n/a | 0.58 | 21.7% | -16.4% |
| 4 | ITI Focused Fund | 69 | 95 | -1.0% | 9.8% | 7.7% | 16.8% | n/a | n/a | 0.61 | n/a | -18.4% |
| 5 | Axis Value Fund | 92 | 95 | 3.6% | 10.3% | 7.0% | 17.1% | n/a | n/a | 0.72 | 23.2% | -20.2% |
| 6 | Bajaj Finserv Flexi Cap Fund | 74 | 94 | 1.8% | 11.9% | 4.3% | 16.3% | n/a | n/a | 0.7 | n/a | -17.5% |
| 7 | DSP Value Fund | 71 | 93 | -1.6% | 5.1% | 5.8% | 15.1% | 12.1% | n/a | 0.71 | 18.7% | -16.4% |
| 8 | BARODA BNP PARIBAS ELSS Tax Saver Fund | 72 | 92 | 1.1% | 7.5% | 3.4% | 14.2% | n/a | n/a | 0.5 | 19.8% | -17.3% |
| 9 | Invesco India Flexi Cap Fund | 72 | 92 | 3.2% | 13.3% | -0.3% | 16.7% | n/a | n/a | 0.62 | 22.6% | -19.4% |
| 10 | Invesco India Large & Mid Cap Fund | 96 | 91 | 3.8% | 15.9% | 6.2% | 21.5% | 16.5% | 17.0% | 0.85 | 18.0% | -35.3% |
| 11 | HSBC Value Fund | 70 | 90 | -0.6% | 4.9% | 2.8% | 14.8% | n/a | n/a | 0.49 | 23.0% | -19.6% |
| 12 | HSBC ELSS Tax saver Fund | 79 | 90 | 1.4% | 11.4% | 3.2% | 14.9% | n/a | n/a | 0.48 | 19.2% | -19.2% |
| 13 | ICICI Prudential Focused Equity Fund | 44 | 90 | 0.1% | 5.1% | -0.9% | 15.4% | 14.8% | 14.9% | 0.63 | 16.7% | -34.1% |
| 14 | Edelweiss Equity Savings Fund | 96 | 90 | 2.6% | 6.5% | 7.7% | 11.1% | 9.4% | n/a | 1.12 | 10.9% | -9.5% |
| 15 | Kotak Contra Fund | 87 | 90 | -0.5% | 3.9% | -0.3% | 14.1% | 13.6% | 16.2% | 0.5 | 17.5% | -37.9% |
This list returns: 1 month to 10 years𝕏 Share this statWhatsApp
Over the last 1 year, the funds on this list averaged 2.6% - the best, BANK OF INDIA Small Cap Fund, returned 24.3% while the weakest managed -19.4%. That spread is why picking within the funds on this list matters. Over 10 years the average compounding rate is 14.0% a year, which turned ₹1 lakh into about ₹370,700.
| Period | Average | Median | Best fund | Weakest |
|---|---|---|---|---|
| 1 month | -3.6% | -3.8% | Bandhan Focused Fund (2.0%) | -7.2% |
| 3 months | 1.0% | 0.7% | Axis Innovation Fund (12.4%) | -5.7% |
| 6 months | 8.3% | 7.4% | BANK OF INDIA Small Cap Fund (39.1%) | -4.4% |
| 1 year | 2.6% | 2.5% | BANK OF INDIA Small Cap Fund (24.3%) | -19.4% |
| 3 years (CAGR) | 12.9% | 12.3% | HDFC Defence Fund (36.0%) | -3.6% |
| 5 years (CAGR) | 12.4% | 12.1% | SBI PSU Fund (22.4%) | 4.1% |
| 10 years (CAGR) | 14.0% | 14.1% | Nippon India Small Cap Fund (20.9%) | 5.0% |
Averages across every qualifying fund, refreshed daily. Best-fund links open that fund's full review.
What ₹1 lakh became
The same returns, translated into money - at the average pace and at the best fund's pace:
| Held for | Average pace | ₹1 lakh → (average) | ₹1 lakh → (best fund) |
|---|---|---|---|
| 1 year | 2.6% a year | ₹102,600 | ₹124,300 |
| 3 years | 12.9% a year | ₹143,900 | ₹251,500 |
| 5 years | 12.4% a year | ₹179,400 | ₹274,700 |
| 10 years | 14.0% a year | ₹370,700 | ₹667,200 |
Pre-tax, from historical returns. The averages smooth over a very bumpy ride - see the worst-fall column in the ranking above for what the journey involved.
This list by the numbers
| Funds that qualify | 369 |
| Combined assets | ₹3,526,079 Cr |
| Average 3-year return | 12.9% a year (best 36.0%, weakest -3.6%) |
| Average 5-year return | 12.4% a year |
| Average worst-ever fall | -32.3% (deepest: -64.8%) |
| Average expense ratio (Direct) | 0.77% |
| Largest fund by assets | Parag Parikh Flexi Cap Fund (₹141,446 Cr) |
Put the risk number in rupees: at the average worst fall of -32.3%, ₹1 lakh temporarily becomes about ₹67,700. That is the stretch every ranked fund's investors had to sit through at some point - the ranking rewards the funds that made that wait worthwhile.
Momentum check: what is hot right now
As of 2026-09-16, 40 of the 369 funds here rate RS 90 or above (top-decile recent momentum versus peers). The strongest momentum belongs to Invesco India Contra Fund (RS 99/99). Average return over the last 3 months: 1.0%; over 6 months: 8.3%. Momentum is a snapshot, not a ranking criterion here - but it tells you whether this corner of the market is currently in favour.
Before you pick a fund for SIP: four checks
- Check the fund's crash behaviour section - a SIP only works if you keep it running through exactly those stretches.
- Look at SIP outcomes on the fund's page (real XIRR from actual NAVs), not calculator projections at assumed rates.
- Prefer consistency over peak returns: the rolling-return columns above matter more for SIPs than any single-year chart.
- Set the SIP date and forget it - the data shows timing the month adds noise, not return.
Pick any of 8,000+ funds, set the amount and the years, and see what the SIP actually returned: every instalment priced at that day's real NAV, with the XIRR and the worst stretch you would have sat through.
How to read the table
RS (1-99) is recent momentum versus category peers - 99 is the hottest right now. King (0-100) is the long-term quality composite this list is ranked by. 3M/6M are recent returns; 3Y and 5Y CAGR are annualised longer records. Sharpe is return earned per unit of volatility - higher means smoother compounding. Roll 3Y is the median of every 3-year holding period in the fund's history, the fairest single return number a fund has. Worst fall is the deepest peak-to-bottom loss ever - the number that tests whether you would have stayed invested. Missing values show as n/a, usually because the fund is too young for that measurement.
The top 10, decoded𝕏 Share this statWhatsApp
- WhiteOak Capital Large Cap Fund (Large Cap Fund) - King Score 97/100, RS 88/99 right now. 3-year return 12.2% a year, against a worst-ever fall of 15.2% (₹1 lakh briefly ₹84,800). Median 3-year rolling return 17.7%, sharpe 0.4.
- WhiteOak Capital Mid Cap Fund (Mid Cap Fund) - King Score 96/100, RS 96/99 right now. 3-year return 21.0% a year, against a worst-ever fall of 19.3% (₹1 lakh briefly ₹80,700). Median 3-year rolling return 27.1%, sharpe 0.87.
- WhiteOak Capital ELSS Tax Saver Fund (ELSS) - King Score 96/100, RS 80/99 right now. 3-year return 15.3% a year, against a worst-ever fall of 16.4% (₹1 lakh briefly ₹83,600). Median 3-year rolling return 21.7%, sharpe 0.58.
- ITI Focused Fund (Focused Fund) - King Score 95/100, RS 69/99 right now. 3-year return 16.8% a year, against a worst-ever fall of 18.4% (₹1 lakh briefly ₹81,600). Sharpe 0.61.
- Axis Value Fund (Value Fund) - King Score 95/100, RS 92/99 right now. 3-year return 17.1% a year, against a worst-ever fall of 20.2% (₹1 lakh briefly ₹79,800). Median 3-year rolling return 23.2%, sharpe 0.72.
- Bajaj Finserv Flexi Cap Fund (Flexi Cap Fund) - King Score 94/100, RS 74/99 right now. 3-year return 16.3% a year, against a worst-ever fall of 17.5% (₹1 lakh briefly ₹82,500). Sharpe 0.7.
- DSP Value Fund (Value Fund) - King Score 93/100, RS 71/99 right now. 3-year return 15.1% a year, against a worst-ever fall of 16.4% (₹1 lakh briefly ₹83,600). 5-year pace 12.1% a year, median 3-year rolling return 18.7%, sharpe 0.71.
- BARODA BNP PARIBAS ELSS Tax Saver Fund (ELSS) - King Score 92/100, RS 72/99 right now. 3-year return 14.2% a year, against a worst-ever fall of 17.3% (₹1 lakh briefly ₹82,700). Median 3-year rolling return 19.8%, sharpe 0.5.
- Invesco India Flexi Cap Fund (Flexi Cap Fund) - King Score 92/100, RS 72/99 right now. 3-year return 16.7% a year, against a worst-ever fall of 19.4% (₹1 lakh briefly ₹80,600). Median 3-year rolling return 22.6%, sharpe 0.62.
- Invesco India Large & Mid Cap Fund (Large & Mid Cap Fund) - King Score 91/100, RS 96/99 right now. 3-year return 21.5% a year, against a worst-ever fall of 35.3% (₹1 lakh briefly ₹64,700). 5-year pace 16.5% a year, median 3-year rolling return 18.0%, sharpe 0.85.
Frequently asked questions
Which is the best fund for SIP right now?
On our data-driven ranking as of 2026-09-16, WhiteOak Capital Large Cap Fund scores highest (King Score 97/100). That is a description of its record versus peers, not a recommendation - rankings move as NAVs update, and the right fund depends on your goals and risk tolerance.
Does a SIP guarantee better returns than lumpsum?
No - in a steadily rising market, lumpsum wins because more money spends more time invested. A SIP wins in choppy or falling markets and, more importantly, it wins behaviourally: it automates investing through exactly the periods people otherwise skip. Its real product is discipline, not outperformance.
How long should I run a SIP in these funds?
The consistency screen behind this list (369 funds with 75%+ positive rolling 1-year windows) rewards funds that deliver across cycles - but even they need cycles. SIP maths compounds meaningfully over 5+ years; over 1-2 years a SIP is mostly savings with market noise attached.
What is the average 1-year return of fund for SIPs right now?
As of 2026-09-16, the 369 qualifying funds averaged 2.6% over the last year (median 2.5%). The best, BANK OF INDIA Small Cap Fund, returned 24.3%; the weakest returned -19.4%. One year is weather, not climate - check the 5 and 10 year columns before drawing conclusions.
Which fund for SIP gave the highest return in the last 10 years?
Nippon India Small Cap Fund leads with 20.9% a year over 10 years - ₹1 lakh became about ₹667,200 pre-tax. The average across funds with a 10-year record is 14.0% a year. A decade-long record says a lot about the past and nothing certain about the next decade.
How is this list ranked?
Equity schemes with rolling 1-year consistency of 75%+ positive windows, ordered by King Score. The full formulas are public - see our methodology page. No fund pays to be here and rankings cannot be bought.
Should I invest in the #1 fund on this list?
We cannot tell you that - MF Terminal is descriptive research, not investment advice. A top rank says the past record was strong versus peers. Read the fund's full page, check the drawdowns you would have to sit through, and decide against your own horizon.
More rankings
Run this SIP on any fund - with real NAVs
Pick any of 8,000+ funds, set the amount and the years, and see what the SIP actually returned: every instalment priced at that day's real NAV, with the XIRR and the worst stretch you would have sat through.
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All figures pre-tax, from AMFI NAV history. Rankings are descriptive and change with the data. Nothing here is investment advice or a recommendation to buy, sell or hold any fund. Past performance does not guarantee future returns.