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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)
+ 26.08% + 90.32% + 18.97% + 171.37% + 30.92% + 8.14% + 25.17% + 43.91% + 21.11% + 3.17% + 30.38% + 33.24% + 35.42% + 18.17% + 14.08% + 1.05%
ETM Rank #1 of 27 in Aggressive Hybrid
Expense 0.99%
Edelweiss Aggressive Hybrid Fund
AUM
₹1,564 Crs
Current Value
Return (p.a)
+ 22.09% + 72.95% + 16.2% + 133.8% + 25.23% + 6.74% + 22.1% + 37.97% + 20.45% + 3.08% + 27.15% + 29.55% + 29.56% + 15.27% + 17.51% + 1.29%
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)
+ 19.87% + 63.89% N.A. + 29.64% + 7.83% + 19.83% + 33.7% + 22.66% + 3.39% + 25.93% + 28.16% + 30.71% + 15.84% + 15.52% + 1.15%
ETM Rank #5 of 27 in Aggressive Hybrid
Expense 0.54%
Kotak ELSS Tax Saver Fund
AUM
₹5,608 Crs
Current Value
Return (p.a)
+ 24.9% + 85.02% + 18.79% + 168.7% + 45.86% + 11.63% + 24.65% + 42.89% + 49.64% + 6.81% + 31.9% + 34.99% + 39.5% + 20.16% + 56.0% + 3.6%
ETM Rank #6 of 34 in ELSS
Expense 0.58%
Canara Robeco Equity Hybrid Fund
AUM
₹10,077 Crs
Current Value
Return (p.a)
+ 17.02% + 52.88% + 14.79% + 116.7% + 17.9% + 4.88% + 15.58% + 25.91% + 15.85% + 2.43% + 20.0% + 21.5% + 21.51% + 11.23% + 7.36% + 0.57%
ETM Rank #6 of 27 in Aggressive Hybrid
Expense 0.64%
Canara Robeco ELSS Tax Saver
AUM
₹7,761 Crs
Current Value
Return (p.a)
+ 21.7% + 71.32% + 17.68% + 153.17% + 23.62% + 6.34% + 18.53% + 31.29% + 23.38% + 3.48% + 24.23% + 26.23% + 27.15% + 14.07% + 24.4% + 1.75%
ETM Rank #7 of 34 in ELSS
Expense 0.62%
DSP ELSS Tax Saver Fund
AUM
₹14,860 Crs
Current Value
Return (p.a)
+ 24.32% + 82.5% + 18.6% + 166.02% + 31.42% + 8.26% + 23.12% + 39.93% + 29.46% + 4.3% + 30.73% + 33.65% + 36.28% + 18.59% + 32.65% + 2.27%
ETM Rank #10 of 34 in ELSS
Expense 0.79%
Sundaram Aggressive Hybrid Fund
AUM
₹4,579 Crs
Current Value
Return (p.a)
+ 17.07% + 53.08% + 13.83% + 105.88% + 19.05% + 5.18% + 15.71% + 26.15% + 13.48% + 2.08% + 19.85% + 21.33% + 22.43% + 11.69% + 7.63% + 0.59%
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)
+ 22.68% + 75.42% N.A. + 25.46% + 6.8% + 19.62% + 33.3% + 25.06% + 3.71% + 25.99% + 28.22% + 28.88% + 14.93% + 13.01% + 0.98%
ETM Rank #12 of 34 in ELSS
Expense 0.57%
Mirae Asset Aggressive Hybrid Fund
AUM
₹8,546 Crs
Current Value
Return (p.a)
+ 16.84% + 52.24% N.A. + 16.0% + 4.38% + 15.17% + 25.18% + 12.72% + 1.97% + 19.14% + 20.55% + 19.51% + 10.21% + 5.37% + 0.42%
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)
+ 11.89% + 34.76% + 10.49% + 72.28% + 15.9% + 4.36% + 12.35% + 20.22% + 17.66% + 2.68% + 15.9% + 16.97% + 17.4% + 9.13% + 16.13% + 1.2%
ETM Rank #12 of 17 in Dynamic Asset Allocation
Expense 0.84%
Bandhan Balanced Advantage Fund
AUM
₹2,229 Crs
Current Value
Return (p.a)
+ 12.68% + 37.41% N.A. + 18.23% + 4.96% + 12.55% + 20.57% + 19.57% + 2.96% + 16.39% + 17.5% + 17.95% + 9.41% + 18.63% + 1.37%
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)
+ 15.75% + 48.21% + 13.79% + 105.4% + 20.79% + 5.62% + 14.46% + 23.93% + 20.38% + 3.07% + 18.65% + 20.0% + 21.75% + 11.35% + 20.53% + 1.49%
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)
+ 12.25% + 35.96% N.A. + 3.53% + 1.01% + 13.82% + 22.79% + 2.6% + 0.42% + 17.82% + 19.08% + 13.31% + 7.02% -15.2% -1.3%
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)
+ 20.61% + 66.86% + 16.67% + 139.76% + 22.52% + 6.06% + 19.84% + 33.7% + 15.97% + 2.44% + 28.18% + 30.72% + 30.57% + 15.77% -0.4% -0.03%
ETM Rank #20 of 34 in ELSS
Expense 0.73%
Aditya Birla Sun Life ELSS Tax Saver Fund
AUM
₹15,384 Crs
Current Value
Return (p.a)
+ 14.74% + 44.56% + 12.45% + 91.22% + 25.69% + 6.85% + 15.62% + 26.0% + 25.98% + 3.84% + 22.22% + 23.98% + 26.8% + 13.89% + 25.01% + 1.79%
ETM Rank #23 of 34 in ELSS
Expense 0.95%
Motilal Oswal ELSS Tax Saver Fund
AUM
₹3,402 Crs
Current Value
Return (p.a)
+ 27.86% + 98.57% N.A. + 54.94% + 13.65% + 31.42% + 56.51% + 61.63% + 8.17% + 43.44% + 48.58% + 53.83% + 27.04% + 51.05% + 3.33%
ETM Rank #27 of 34 in ELSS
Expense 0.67%
Axis ELSS Tax Saver Fund
AUM
₹35,642 Crs
Current Value
Return (p.a)
+ 15.56% + 47.53% + 14.37% + 111.84% + 26.52% + 7.06% + 14.37% + 23.76% + 25.26% + 3.74% + 22.56% + 24.36% + 26.76% + 13.87% -8.86% -0.74%
ETM Rank #28 of 34 in ELSS
Expense 0.75%
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