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Mutual Fund for Beginners

My First Fund is a list of hand-picked schemes across 2 most suitable categories of Mutual Funds for beginners in Investing. Balanced Funds & ELSS (i.e. Tax Saving Schemes). Balanced Funds offer a mix of Equity & FD-like instruments aiming to offer good returns at low risk, while ELSS offers 2 benefits in 1 Investment i.e. of saving tax & growing wealth.

  • 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 ET Money Ranking

ICICI Prudential Equity & Debt Fund
AUM
₹34,733 Crs
Current Value
Return (p.a)
+ 26.65% + 92.8% + 19.13% + 173.59% + 35.87% + 9.21% + 26.33% + 46.1% + 28.46% + 4.1% + 31.82% + 34.81% + 38.15% + 19.4% + 32.18% + 2.16%
ETM Rank #1 of 27 in Aggressive Hybrid
Expense 1.02%
Edelweiss Aggressive Hybrid Fund
AUM
₹1,564 Crs
Current Value
Return (p.a)
+ 22.88% + 76.16% + 16.49% + 137.31% + 33.28% + 8.61% + 23.58% + 40.73% + 34.67% + 4.89% + 29.24% + 31.85% + 33.68% + 17.22% + 53.58% + 3.35%
ETM Rank #2 of 27 in Aggressive Hybrid
Expense 0.33%
Baroda BNP Paribas Aggressive Hybrid Fund
AUM
₹1,022 Crs
Current Value
Return (p.a)
+ 20.5% + 66.35% N.A. + 35.56% + 9.14% + 21.07% + 35.95% + 33.18% + 4.71% + 27.55% + 29.92% + 33.99% + 17.37% + 39.58% + 2.59%
ETM Rank #5 of 27 in Aggressive Hybrid
Expense 0.53%
Kotak ELSS Tax Saver Fund
AUM
₹5,608 Crs
Current Value
Return (p.a)
+ 26.16% + 90.57% + 19.25% + 175.35% + 60.05% + 14.57% + 27.02% + 47.47% + 74.92% + 9.43% + 35.26% + 38.8% + 46.23% + 23.29% + 115.6% + 6.07%
ETM Rank #6 of 34 in ELSS
Expense 0.58%
Canara Robeco Equity Hybrid Fund
AUM
₹10,077 Crs
Current Value
Return (p.a)
+ 17.8% + 55.77% + 15.08% + 119.96% + 25.89% + 6.83% + 17.04% + 28.49% + 30.56% + 4.37% + 22.05% + 23.73% + 25.64% + 13.24% + 43.79% + 2.83%
ETM Rank #6 of 27 in Aggressive Hybrid
Expense 0.59%
Canara Robeco ELSS Tax Saver
AUM
₹7,761 Crs
Current Value
Return (p.a)
+ 22.8% + 75.83% + 18.08% + 158.56% + 35.23% + 9.06% + 20.56% + 34.99% + 44.86% + 6.13% + 27.14% + 29.45% + 33.09% + 16.93% + 80.17% + 4.62%
ETM Rank #7 of 34 in ELSS
Expense 0.53%
DSP ELSS Tax Saver Fund
AUM
₹14,860 Crs
Current Value
Return (p.a)
+ 25.52% + 87.68% + 19.03% + 172.12% + 44.35% + 11.16% + 25.46% + 44.38% + 52.21% + 6.99% + 34.08% + 37.43% + 42.89% + 21.69% + 86.46% + 4.9%
ETM Rank #10 of 34 in ELSS
Expense 0.76%
Sundaram Aggressive Hybrid Fund
AUM
₹4,579 Crs
Current Value
Return (p.a)
+ 17.74% + 55.56% + 14.08% + 108.52% + 25.88% + 6.82% + 16.98% + 28.39% + 24.35% + 3.55% + 21.59% + 23.22% + 25.97% + 13.4% + 37.04% + 2.45%
ETM Rank #10 of 27 in Aggressive Hybrid
Expense 0.78%
Mirae Asset ELSS Tax Saver Fund
AUM
₹22,472 Crs
Current Value
Return (p.a)
+ 23.63% + 79.37% N.A. + 34.98% + 9.01% + 21.5% + 36.76% + 40.47% + 5.61% + 28.63% + 31.15% + 34.04% + 17.39% + 48.54% + 3.08%
ETM Rank #12 of 34 in ELSS
Expense 0.57%
Mirae Asset Aggressive Hybrid Fund
AUM
₹8,546 Crs
Current Value
Return (p.a)
+ 17.57% + 54.9% N.A. + 23.08% + 6.13% + 16.55% + 27.61% + 24.42% + 3.56% + 21.04% + 22.6% + 23.19% + 12.01% + 33.73% + 2.25%
ETM Rank #12 of 27 in Aggressive Hybrid
Expense 0.37%
DSP Dynamic Asset Allocation Fund
AUM
₹3,110 Crs
Current Value
Return (p.a)
+ 12.45% + 36.59% + 10.72% + 74.31% + 21.04% + 5.62% + 13.34% + 21.91% + 26.14% + 3.79% + 17.35% + 18.52% + 20.03% + 10.42% + 31.77% + 2.14%
ETM Rank #12 of 17 in Dynamic Asset Allocation
Expense 0.74%
Bandhan Balanced Advantage Fund
AUM
₹2,229 Crs
Current Value
Return (p.a)
+ 13.16% + 39.02% N.A. + 23.02% + 6.12% + 13.42% + 22.05% + 27.79% + 4.01% + 17.66% + 18.86% + 20.28% + 10.54% + 37.65% + 2.48%
ETM Rank #14 of 17 in Dynamic Asset Allocation
Expense 0.63%
SBI Equity Hybrid Fund
AUM
₹68,410 Crs
Current Value
Return (p.a)
+ 16.33% + 50.25% + 13.99% + 107.54% + 26.83% + 7.06% + 15.56% + 25.84% + 30.34% + 4.34% + 20.2% + 21.66% + 24.93% + 12.88% + 44.41% + 2.86%
ETM Rank #16 of 27 in Aggressive Hybrid
Expense 0.75%
Motilal Oswal Balance Advantage Fund
AUM
₹1,247 Crs
Current Value
Return (p.a)
+ 13.03% + 38.56% N.A. + 8.83% + 2.44% + 15.3% + 25.37% + 14.34% + 2.17% + 19.97% + 21.41% + 16.58% + 8.66% + 2.22% + 0.17%
ETM Rank #17 of 17 in Dynamic Asset Allocation
Expense 0.98%
Invesco India ELSS Tax Saver Fund
AUM
₹2,633 Crs
Current Value
Return (p.a)
+ 21.63% + 70.94% + 17.04% + 144.41% + 33.01% + 8.54% + 21.77% + 37.28% + 35.67% + 5.02% + 30.96% + 33.82% + 35.94% + 18.32% + 44.08% + 2.84%
ETM Rank #20 of 34 in ELSS
Expense 0.76%
Aditya Birla Sun Life ELSS Tax Saver Fund
AUM
₹15,384 Crs
Current Value
Return (p.a)
+ 15.78% + 48.25% + 12.83% + 95.07% + 35.73% + 9.18% + 17.48% + 29.29% + 42.17% + 5.81% + 24.84% + 26.85% + 32.1% + 16.44% + 69.91% + 4.15%
ETM Rank #23 of 34 in ELSS
Expense 0.91%
Motilal Oswal ELSS Tax Saver Fund
AUM
₹3,402 Crs
Current Value
Return (p.a)
+ 29.51% + 106.37% N.A. + 73.37% + 17.3% + 34.51% + 62.86% + 97.7% + 11.63% + 48.04% + 53.99% + 63.6% + 31.46% + 114.8% + 6.04%
ETM Rank #27 of 34 in ELSS
Expense 0.65%
Axis ELSS Tax Saver Fund
AUM
₹35,642 Crs
Current Value
Return (p.a)
+ 16.37% + 50.42% + 14.64% + 114.86% + 34.24% + 8.83% + 15.85% + 26.35% + 36.67% + 5.14% + 24.69% + 26.68% + 30.89% + 15.84% + 23.08% + 1.61%
ETM Rank #28 of 34 in ELSS
Expense 0.76%
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