# Equity Savings mutual funds compared

Source page: https://www.rudowealth.com/mutual-funds/category/equity-savings-funds

Equity savings funds hold at least 65% in equities, much of it hedged through arbitrage, and at least 10% in bonds. (SEBI categorisation of mutual fund schemes, 6 October 2017, as amended.)

All 24 equity savings funds, Direct plan, Growth option, NAV as of 2026-10-07. Every figure is worked out from each fund's own NAV.

Category averages: 3-year return +8.3% a year, 5-year return +7.7% a year (both annualised), volatility over 3 years 5.0%, expense ratio 1.31%.

| Rank | Fund | 1Y | 3Y (annualised) | 5Y (annualised) | Volatility 3Y | Worst fall 5Y | Expense ratio | Fund size |
|---|---|---|---|---|---|---|---|---|
| 1 | [HSBC Equity Savings Fund - Direct Growth](https://www.rudowealth.com/mutual-funds/hsbc-equity-savings-fund-direct-growth) | +6.3% | +12.5% | +10.8% | 8.2% | -11.5% | 1.59% | ₹1,475 Cr |
| 2 | [Kotak Equity Savings Fund - Direct - Growth](https://www.rudowealth.com/mutual-funds/kotak-equity-savings-fund-direct-growth) | +2.6% | +9.8% | +9.7% | 6.3% | -6.0% | 1.07% | ₹10,684 Cr |
| 3 | [Edelweiss Equity Savings Fund - Direct Plan - Growth Option](https://www.rudowealth.com/mutual-funds/edelweiss-equity-savings-fund-direct-plan-growth-option) | +7.3% | +11.0% | +9.4% | 4.3% | -4.9% | 1.15% | ₹1,660 Cr |
| 4 | [Sundaram Equity Savings Fund- Direct Plan - Growth Option](https://www.rudowealth.com/mutual-funds/sundaram-equity-savings-fund-direct-plan-growth-option) | -0.1% | +8.5% | +8.8% | 6.2% | -6.2% | 1.34% | ₹1,002 Cr |
| 5 | [Mirae Asset Equity Savings Fund- Direct Plan- Growth](https://www.rudowealth.com/mutual-funds/mirae-asset-equity-savings-fund-direct-plan-growth) | +4.1% | +9.8% | +8.7% | 6.3% | -6.9% | 0.72% | ₹2,041 Cr |
| 6 | [Mahindra Manulife Equity Savings Fund - Direct Plan -Growth](https://www.rudowealth.com/mutual-funds/mahindra-manulife-equity-savings-fund-direct-plan-growth) | +4.3% | +9.1% | +8.3% | 5.5% | -7.8% | 1.25% | ₹530 Cr |
| 7 | [UTI Equity Savings Fund - Direct Plan - Growth Option](https://www.rudowealth.com/mutual-funds/uti-equity-savings-fund-direct-plan-growth-option) | +1.6% | +7.8% | +8.2% | 5.1% | -5.1% | 1.07% | ₹816 Cr |
| 8 | [Baroda BNP Paribas Equity Savings Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/baroda-bnp-paribas-equity-savings-fund-direct-plan-growth) | +3.5% | +9.0% | +8.0% | 6.2% | -6.1% | 1.67% | ₹289 Cr |
| 9 | [SBI Equity Savings Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/sbi-equity-savings-fund-direct-plan-growth) | +2.4% | +7.5% | +7.9% | 5.1% | -7.1% | 1.47% | ₹5,486 Cr |
| 10 | [HDFC Equity Savings Fund - Growth Option - Direct Plan](https://www.rudowealth.com/mutual-funds/hdfc-equity-savings-fund-growth-option-direct-plan) | +1.1% | +7.9% | +7.8% | 5.4% | -5.3% | 1.29% | ₹5,758 Cr |
| 11 | [Axis Equity Savings Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/axis-equity-savings-fund-direct-plan-growth) | +3.5% | +9.0% | +7.5% | 5.8% | -8.7% | 1.55% | ₹886 Cr |
| 12 | [DSP Equity Savings Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/dsp-equity-savings-fund-direct-plan-growth) | +1.4% | +8.3% | +7.2% | 4.0% | -4.3% | 1.09% | ₹3,306 Cr |
| 13 | [LIC MF Equity Savings Fund-Direct Plan-Growth](https://www.rudowealth.com/mutual-funds/lic-mf-equity-savings-fund-direct-plan-growth) | +1.9% | +8.2% | +7.2% | 7.2% | -7.5% | 1.93% | ₹39 Cr |
| 14 | [Invesco India Equity Savings Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/invesco-india-equity-savings-fund-direct-plan-growth) | -0.8% | +8.3% | +7.2% | 6.3% | -8.0% | 1.49% | ₹280 Cr |
| 15 | [ICICI Prudential Equity Savings Fund - Direct Plan - Cumulative option](https://www.rudowealth.com/mutual-funds/icici-prudential-equity-savings-fund-direct-plan-cumulative-option) | +2.2% | +6.7% | +7.2% | 2.9% | -3.1% | 1.12% | ₹15,795 Cr |
| 16 | [Franklin India Equity Savings Fund- Growth Direct](https://www.rudowealth.com/mutual-funds/franklin-india-equity-savings-fund-growth-direct) | +2.8% | +7.0% | +6.7% | 2.7% | -5.9% | 0.82% | ₹587 Cr |
| 17 | [Bandhan Equity Savings Fund-Direct Plan-Growth](https://www.rudowealth.com/mutual-funds/bandhan-equity-savings-fund-direct-plan-growth) | +3.2% | +6.8% | +6.5% | 2.8% | -3.3% | 0.66% | ₹409 Cr |
| 18 | [Nippon India Equity Savings Fund- Direct Plan- Growth Plan-Growth Option](https://www.rudowealth.com/mutual-funds/nippon-india-equity-savings-fund-direct-plan-growth-plan-growth-option) | +1.2% | +6.4% | +6.4% | 4.0% | -5.6% | 0.93% | ₹771 Cr |
| 19 | [Aditya Birla Sun Life Equity Savings Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/aditya-birla-sun-life-equity-savings-fund-direct-plan-growth) | +4.0% | +7.6% | +6.3% | 3.2% | -9.8% | 1.22% | ₹1,130 Cr |
| 20 | [Union Equity Savings Fund - Direct Plan - Growth Option](https://www.rudowealth.com/mutual-funds/union-equity-savings-fund-direct-plan-growth-option) | +2.6% | +6.7% | +5.9% | 5.0% | -5.8% | 2.14% | ₹115 Cr |
| 21 | [PGIM India Equity Savings Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/pgim-india-equity-savings-fund-direct-plan-growth) | +2.4% | +6.3% | +5.8% | 3.3% | -3.1% | 1.10% | ₹59 Cr |
| 22 | [Quant Equity Savings Fund - Growth Option - Direct Plan](https://www.rudowealth.com/mutual-funds/quant-equity-savings-fund-growth-option-direct-plan) | +7.8% | N/A | N/A | N/A | N/A | 2.02% | ₹59 Cr |
| 23 | [WhiteOak Capital Equity Savings Fund Direct Plan Growth](https://www.rudowealth.com/mutual-funds/whiteoak-capital-equity-savings-fund-direct-plan-growth) | +5.4% | N/A | N/A | N/A | N/A | 1.58% | ₹273 Cr |
| 24 | [Bajaj Finserv Equity Savings Fund - Direct - Growth](https://www.rudowealth.com/mutual-funds/bajaj-finserv-equity-savings-fund-direct-growth) | +4.7% | N/A | N/A | N/A | N/A | 1.13% | ₹40 Cr |

Ordered by 5-year annualised return, highest first; funds younger than 5 years follow by 3-year, then 1-year return. Volatility is the annualised standard deviation of monthly returns. Worst fall is the largest drop from a peak in the last 5 years. We do not label any fund as the best.

Investing from the UAE: NRIs can generally invest once KYC is complete, paying from an NRE or NRO bank account. Some fund houses do not accept residents of the United States or Canada. The UAE does not levy personal income tax, and the India UAE tax treaty may affect how gains are treated, so confirm your own position with a tax adviser.

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RuDo Wealth is a fee-only cross-border advisory operating through two separate companies. India: RuDo Wealth Investment Advisory, SEBI Registered Investment Adviser, registration INA000019503. UAE: RuDo Digital Wealth, FSRA Financial Services Permission 220155, Category 3C (Retail), ADGM. The entity permitted to serve you depends on your country of residence.

General information, not a recommendation to buy or sell any fund. Past performance does not indicate future returns.