Top 10 Mutual Funds in India 2025

While selecting mutual funds, one must keep in mind a few factors. One of the most important ones among them is diversification. Diversification is important because, first and foremost, one needs to protect their capital. Mutual funds save us from the hassle of analyzing and picking individual stocks, therefore it is expected that they should provide us with the comfort of risk mitigation through diversification. Let’s look at some of the top mutual funds in India that you should consider to invest for the long term. 

Top 10 Mutual Funds in India

1. HDFC Flexi Cap Fund : 

HDFC Flexi Cap Fund is a well-balanced equity mutual fund that invests across large, mid, and small-cap companies to generate long-term capital growth. Managed by Roshi Jain under HDFC Mutual Fund, it follows a disciplined and research-driven investment approach.The fund has a strong focus on the financial sector with top holdings such as ICICI Bank (9.14%), HDFC Bank (8.34%), Axis Bank (7.14%), State Bank of India (4.38%), and Kotak Mahindra Bank (4.24%). Additionally, it maintains 8.72% in Tri-Party Repo (TREPS) to ensure liquidity and stability.

Fund Performance Metrics : 

2. HDFC Mid Cap Fund : 

HDFC Mid Cap Fund is a focused equity mutual fund that primarily invests in mid-sized companies with strong growth potential. Managed by Chirag Setalvad under HDFC Mutual Fund, this fund aims to capture opportunities in emerging businesses that have the potential to become future market leaders. Its key holdings include Max Financial Services (4.76%), Balkrishna Industries (3.54%), Indian Bank (3.26%), Fortis Healthcare (3.18%), and AU Small Finance Bank (3.16%). To maintain liquidity, it also holds 6.47% in Tri-Party Repo (TREPS).

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3. ICICI Prudential Multi-Asset Fund : 

ICICI Prudential Multi-Asset Fund is a diversified hybrid fund that invests across equity, debt, and commodities to balance risk and return. Managed by Sankaran Naren under ICICI Prudential Mutual Fund, this scheme aims to provide stable growth through asset allocation and active management. The fund’s top holdings include Reliance Industries (3.53%), ICICI Bank (3.17%), Axis Bank (2.88%), along with exposure to ICICI Pru Gold ETF (3.29%) and Tri-Party Repo (TREPS) 6.14% for liquidity. It also holds Reverse Repo (4.41%) to maintain short-term stability.

Fund Performance Metrics : 

4. SBI Contra Fund : 

SBI Contra Fund is a unique equity mutual fund that follows a contrarian investment strategy, focusing on undervalued and overlooked stocks with long-term growth potential. Managed by Dinesh Balachandran under SBI Mutual Fund, this scheme aims to generate superior returns by identifying opportunities where market sentiment is overly pessimistic.Its key holdings include HDFC Bank (8.15%), Reliance Industries (5.70%), Kotak Mahindra Bank (2.70%), Tata Steel (2.65%), ITC (2.64%), and Punjab National Bank (2.40%). It also invests 14.90% in Tri-Party Repo (TREPS) to ensure liquidity and stability.

Fund Performance Metrics : 

5. Motilal Oswal Midcap Fund : 

Motilal Oswal Midcap Fund is an actively managed equity scheme that focuses on investing in mid-sized companies with strong growth potential and scalable business models. Managed by Niket Shah under Motilal Oswal Mutual Fund, this fund follows a “buy right, sit tight” philosophy emphasizing quality businesses held for the long term. Its major holdings include Dixon Technologies (9.57%), Eternal Ltd. (9.37%), Coforge Ltd. (9.04%), Persistent Systems (8.33%), and One97 Communications (8.09%). The fund also holds Kalyan Jewellers (7.84%), Trent Ltd. (6.73%), and Polycab India (6.60%), along with CBLO (6.84%) for liquidity management.

Fund Performance Metrics : 

6. UTI Nifty 50 Index Fund : 

UTI Nifty 50 Index Fund is a passive equity scheme that aims to replicate the performance of the Nifty 50 Index, offering investors broad market exposure to India’s top 50 large-cap companies. Managed by Sharwan Kumar Goyal under UTI Mutual Fund, it’s designed for investors seeking stable, long-term growth with minimal tracking error. The fund’s top holdings mirror the index composition HDFC Bank (12.87%), ICICI Bank (8.53%), Reliance Industries (8.18%), Infosys (4.60%), and Bharti Airtel (4.54%). It also includes Larsen & Toubro (3.81%), ITC (3.43%), and State Bank of India (3.21%), representing India’s key sectors.

Fund Performance Metrics : 

7. Bandhan Small Cap Fund : 

Bandhan Small Cap Fund is an aggressive equity scheme that focuses on investing in high-potential small-cap companies across diverse sectors. Managed by Manish Gunwani under Bandhan Mutual Fund, the fund aims to deliver superior long-term returns by identifying emerging businesses with strong growth prospects. The fund’s top holdings include Sobha Ltd. (3.39%), REC Ltd. (2.36%), LT Foods (2.16%), The South Indian Bank (1.98%), and Cholamandalam Financial Holdings (1.66%). It also maintains 11.18% allocation in Tri-Party Repo (TREPS) to ensure adequate liquidity.

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8. UTI Nifty200 Momentum 30 Index Fund : 

UTI Nifty200 Momentum 30 Index Fund is a passive equity fund that tracks the Nifty200 Momentum 30 Index, which includes stocks showing strong price momentum and growth trends. Managed by Sharwan Kumar Goyal under UTI Mutual Fund, it aims to deliver higher returns by capturing short to medium-term market momentum. The fund’s top holdings include Bajaj Finance (5.65%), Bajaj Finserv (5.23%), Bharat Electronics (5.22%), InterGlobe Aviation (5.20%), and SBI Life Insurance (5.07%), along with HDFC Life Insurance (5.05%). These companies represent sectors leading current market momentum.

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9 JM Flexicap Fund  : 

JM Flexicap Fund is a diversified equity mutual fund that invests across large-cap, mid-cap, and small-cap companies to balance growth and stability. Managed by Satish Ramanathan under JM Financial Mutual Fund, the fund focuses on high-quality businesses with solid fundamentals and long-term potential. Its major holdings include ICICI Bank (4.95%), Godfrey Phillips India (4.44%), HDFC Bank (3.74%), Tech Mahindra (3.37%), and One97 Communications (3.10%). The portfolio also includes Larsen & Toubro (3.05%), Bharti Airtel (2.95%), and Maruti Suzuki (2.68%), ensuring diversified exposure across key sectors.

Fund Performance Metrics : 

10. Motilal Oswal Focused Fund : 

Motilal Oswal Focused Fund is a concentrated equity scheme that invests in a limited number of high-conviction stocks across sectors. Managed by Atul Mehra under Motilal Oswal Mutual Fund, the fund follows a focused investment approach aiming for long-term capital appreciation through quality businesses. Its major holdings include One97 Communications (6.35%), Religare Enterprises (5.52%), Piramal Finance (5.00%), Bharat Dynamics (4.28%), and Radico Khaitan (4.02%). The fund also maintains positions in Waaree Energies (3.96%), MCX India (4.04%), and Net Current Assets (4.10%) to manage liquidity effectively.

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Conclusion

All Investments in the stock markets should be strictly done with a long-term view and it is also important to keep track of your portfolio from time to time. It’s a good practice to rotate mutual funds that are delivering lower returns from their benchmark indices. 

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