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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% + 90.24% + 18.93% + 170.68% + 23.97% + 6.36% + 25.0% + 43.55% + 9.56% + 1.48% + 29.82% + 32.55% + 33.57% + 17.18% -3.45% -0.28%
ETM Rank #1 of 27 in Aggressive Hybrid
Expense 1.02%
Canara Robeco ELSS Tax Saver
AUM
₹7,761 Crs
Current Value
Return (p.a)
+ 22.57% + 74.89% + 18.03% + 157.86% + 26.53% + 6.99% + 20.03% + 34.05% + 23.58% + 3.47% + 26.36% + 28.61% + 31.45% + 16.13% + 18.03% + 1.33%
ETM Rank #3 of 34 in ELSS
Expense 0.53%
Edelweiss Aggressive Hybrid Fund
AUM
₹1,564 Crs
Current Value
Return (p.a)
+ 22.44% + 74.35% + 16.34% + 135.48% + 22.96% + 6.11% + 22.63% + 38.97% + 13.5% + 2.06% + 27.79% + 30.23% + 30.24% + 15.54% + 4.5% + 0.35%
ETM Rank #3 of 27 in Aggressive Hybrid
Expense 0.33%
Canara Robeco Equity Hybrid Fund
AUM
₹10,077 Crs
Current Value
Return (p.a)
+ 17.65% + 55.22% + 15.02% + 119.32% + 19.57% + 5.26% + 16.7% + 27.92% + 15.59% + 2.36% + 21.51% + 23.15% + 24.35% + 12.6% + 11.01% + 0.83%
ETM Rank #5 of 27 in Aggressive Hybrid
Expense 0.59%
Kotak ELSS Tax Saver Fund
AUM
₹5,608 Crs
Current Value
Return (p.a)
+ 25.75% + 88.78% + 19.11% + 173.27% + 45.52% + 11.44% + 26.1% + 45.7% + 38.17% + 5.36% + 33.76% + 37.1% + 42.54% + 21.54% + 25.67% + 1.83%
ETM Rank #6 of 34 in ELSS
Expense 0.58%
Baroda BNP Paribas Aggressive Hybrid Fund
AUM
₹1,022 Crs
Current Value
Return (p.a)
+ 20.11% + 64.81% N.A. + 26.43% + 6.97% + 20.35% + 34.64% + 13.67% + 2.09% + 26.48% + 28.74% + 31.48% + 16.15% + 4.52% + 0.35%
ETM Rank #6 of 27 in Aggressive Hybrid
Expense 0.53%
Mirae Asset Aggressive Hybrid Fund
AUM
₹8,546 Crs
Current Value
Return (p.a)
+ 17.5% + 54.65% N.A. + 17.9% + 4.83% + 16.29% + 27.18% + 12.8% + 1.96% + 20.7% + 22.25% + 22.38% + 11.61% + 11.85% + 0.89%
ETM Rank #8 of 27 in Aggressive Hybrid
Expense 0.37%
DSP ELSS Tax Saver Fund
AUM
₹14,860 Crs
Current Value
Return (p.a)
+ 25.47% + 87.5% + 19.06% + 172.57% + 34.89% + 9.0% + 25.13% + 43.8% + 33.27% + 4.74% + 33.59% + 36.9% + 41.13% + 20.86% + 27.37% + 1.94%
ETM Rank #10 of 34 in ELSS
Expense 0.76%
Sundaram Aggressive Hybrid Fund
AUM
₹4,579 Crs
Current Value
Return (p.a)
+ 17.28% + 53.84% + 13.9% + 106.56% + 16.21% + 4.4% + 16.03% + 26.72% + 5.78% + 0.91% + 20.19% + 21.68% + 22.74% + 11.8% -4.21% -0.34%
ETM Rank #10 of 27 in Aggressive Hybrid
Expense 0.71%
Mirae Asset ELSS Tax Saver Fund
AUM
₹22,472 Crs
Current Value
Return (p.a)
+ 23.0% + 76.71% N.A. + 22.01% + 5.87% + 20.27% + 34.49% + 15.33% + 2.32% + 26.72% + 29.02% + 29.82% + 15.33% + 3.58% + 0.28%
ETM Rank #12 of 34 in ELSS
Expense 0.57%
DSP Dynamic Asset Allocation Fund
AUM
₹3,110 Crs
Current Value
Return (p.a)
+ 12.53% + 36.89% + 10.77% + 74.85% + 18.97% + 5.11% + 13.45% + 22.12% + 23.8% + 3.5% + 17.4% + 18.59% + 20.01% + 10.41% + 23.12% + 1.67%
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)
+ 12.95% + 38.3% N.A. + 17.35% + 4.69% + 12.99% + 21.31% + 14.5% + 2.2% + 16.9% + 18.05% + 18.79% + 9.79% + 5.95% + 0.46%
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)
+ 16.11% + 49.51% + 13.91% + 106.69% + 20.74% + 5.55% + 15.1% + 25.04% + 17.98% + 2.7% + 19.53% + 20.95% + 23.35% + 12.1% + 7.48% + 0.57%
ETM Rank #16 of 27 in Aggressive Hybrid
Expense 0.74%
Motilal Oswal Balance Advantage Fund
AUM
₹1,247 Crs
Current Value
Return (p.a)
+ 13.26% + 39.37% N.A. + 9.53% + 2.64% + 15.45% + 25.68% + 9.55% + 1.48% + 19.98% + 21.45% + 16.85% + 8.81% + 10.94% + 0.83%
ETM Rank #17 of 17 in Dynamic Asset Allocation
Expense 0.98%
Motilal Oswal ELSS Tax Saver Fund
AUM
₹3,402 Crs
Current Value
Return (p.a)
+ 28.67% + 102.36% N.A. + 49.98% + 12.43% + 32.68% + 59.1% + 42.06% + 5.83% + 45.04% + 50.43% + 56.2% + 28.03% + 10.24% + 0.78%
ETM Rank #19 of 34 in ELSS
Expense 0.65%
Invesco India ELSS Tax Saver Fund
AUM
₹2,633 Crs
Current Value
Return (p.a)
+ 21.41% + 70.08% + 16.97% + 143.56% + 23.77% + 6.31% + 21.23% + 36.31% + 17.18% + 2.59% + 30.08% + 32.85% + 33.74% + 17.26% + 5.37% + 0.42%
ETM Rank #22 of 34 in ELSS
Expense 0.76%
Aditya Birla Sun Life ELSS Tax Saver Fund
AUM
₹15,384 Crs
Current Value
Return (p.a)
+ 15.71% + 48.02% + 12.79% + 94.69% + 28.87% + 7.56% + 17.3% + 29.01% + 26.02% + 3.8% + 24.6% + 26.61% + 31.22% + 16.02% + 16.97% + 1.25%
ETM Rank #25 of 34 in ELSS
Expense 0.91%
Axis ELSS Tax Saver Fund
AUM
₹35,642 Crs
Current Value
Return (p.a)
+ 15.33% + 46.67% + 14.19% + 109.79% + 18.92% + 5.09% + 14.01% + 23.12% + 6.92% + 1.08% + 21.81% + 23.49% + 25.16% + 13.01% -16.1% -1.39%
ETM Rank #28 of 34 in ELSS
Expense 0.76%
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