Equity Savings Mutual Funds
Equity, arbitrage and debt together.
Taxed as an equity fund while behaving much more like a debt one, because a large part of the equity is hedged. The tax treatment is the point.
Who it suits. Money with a two- to three-year horizon that would otherwise sit in a debt fund. Hold for 2 to 3 years.
Direct plans in this category
Returns as of 10 Nov 2026 · Direct · Growth option
- Edelweiss Equity Savings FundEdelweiss Mutual Fund · NAV ₹30.96 7.9% 11.4% 9.6%
- Kotak Equity Savings FundKotak Mahindra Mutual Fund · NAV ₹30.81 4.1% 10.1% 9.6%
- Mirae Asset Equity Savings FundMirae Asset Mutual Fund · NAV ₹23.62 6.3% 10.9% 9.1%
- Tata Equity Savings FundTata Mutual Fund · NAV ₹63.75 7.5% 10.6% 8.9%
- UTI - Equity Savings FundUTI Mutual Fund · NAV ₹20.68 4.1% 8.9% 8.7%
- Baroda BNP Paribas Equity Savings FundBaroda BNP Paribas Mutual Fund · NAV ₹19.08 5.0% 9.8% 8.5%
- HDFC Equity Savings FundHDFC Mutual Fund · NAV ₹78.49 4.3% 9.1% 8.4%
- Mahindra Manulife Equity Savings FundMahindra Manulife Mutual Fund · NAV ₹26.12 5.9% 9.9% 8.4%
- SBI EQUITY SAVINGS FUNDSBI Mutual Fund · NAV ₹27.68 3.4% 8.2% 8.0%
- Axis Equity Savings FundAxis Mutual Fund · NAV ₹27.23 6.2% 10.2% 8.0%
- DSP Equity Savings FundDSP Mutual Fund · NAV ₹25.68 3.6% 9.0% 8.0%
- Invesco India Equity Savings FundInvesco Mutual Fund · NAV ₹19.34 2.2% 9.1% 7.6%
- BANDHAN EQUITY SAVINGS FUNDBandhan Mutual Fund · NAV ₹36.96 4.9% 7.6% 6.9%
- Franklin India Equity Savings FundFranklin Templeton Mutual Fund · NAV ₹19.07 4.5% 7.7% 6.8%
- Nippon India Equity Savings Fund (Existing number of Segregated Portfolios - 2)Nippon India Mutual Fund · NAV ₹18.50 3.4% 7.3% 6.8%
- Aditya Birla Sun Life Equity Savings FundAditya Birla Sun Life Mutual Fund · NAV ₹26.37 5.6% 8.4% 6.6%
- PGIM India Equity Savings FundPGIM India Mutual Fund · NAV ₹59.29 4.6% 7.1% 6.3%
- Union Equity Savings FundUnion Mutual Fund · NAV ₹18.45 4.0% 7.4% 6.2%
- Bajaj Finserv Equity Savings FundBajaj Finserv Mutual Fund · NAV ₹10.63 5.2% — —
- HSBC Equity Savings FundHSBC Mutual Fund · NAV ₹41.84 9.5% 13.3% —
- LIC MF Equity Savings FundLIC Mutual Fund · NAV ₹32.84 2.9% 8.9% —
- Sundaram Equity Savings Fund (Formerly Known as Principal Equity Savings Fund)Sundaram Mutual Fund · NAV ₹84.78 1.6% 9.3% —
- WhiteOak Capital Equity Savings FundWhiteOak Capital Mutual Fund · NAV ₹11.95 6.6% — —
- quant Equity Savings Fundquant Mutual Fund · NAV ₹11.15 9.4% — —
Point-to-point CAGR from AMFI NAV history, Direct plans only, computed to 10 Nov 2026 with the same engine the fund pages use, so a fund's number here matches its own page. Ordered by five-year return so the list has a shape, not because the order is a judgement. Past returns do not predict future ones — a fund near the top is usually there because its style suited the last five years, and styles take turns.
Compare any two Equity Savings funds side by side (276 comparisons) →
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Questions people ask
What is a Equity Savings fund?
Equity, arbitrage and debt together. Taxed as an equity fund while behaving much more like a debt one, because a large part of the equity is hedged. The tax treatment is the point.
Who should invest in Equity Savings funds?
Money with a two- to three-year horizon that would otherwise sit in a debt fund. A sensible holding period is 2 to 3 years.
How is this list ordered?
By five-year CAGR computed from AMFI's published NAV history, within one plan type. It is a sort, not a verdict — a fund near the top is there because its style suited the last five years, which is not a promise about the next five.
Should I choose the Direct or Regular plan?
A Direct plan holds exactly the same portfolio without the distributor commission, so its expense ratio is lower — commonly 0.5% to 1.2% a year — and it compounds ahead of the Regular plan for ever. Choose Regular only if you want an intermediary's advice and are content to pay for it annually.