# Equity Savings funds

A mix of shares, arbitrage positions and debt.

Full page: https://discovermf.com/categories/equity-savings
Figures as of 3 Nov 2026, from DiscoverMF. Information, not investment advice. Past returns do not indicate future returns. Mutual fund investments are subject to market risks; read all scheme-related documents carefully.

24 funds managing ₹50,706 cr. Category averages: +2.0% over one year, +7.6% a year over three years; typical expense ratio 2.16%.

## All funds, by three-year return

| Fund | 1 year | 3 years (a year) | 5 years (a year) | Volatility | Expense ratio | Fund size |
| --- | --- | --- | --- | --- | --- | --- |
| [HSBC Equity Savings Fund](https://discovermf.com/funds/hsbc-equity-savings-fund-151058.md) | +6.0% | +11.8% | — | 5.8% | 2.37% | ₹1,620 cr |
| [Edelweiss Equity Savings Fund](https://discovermf.com/funds/edelweiss-equity-savings-fund-140351.md) | +5.2% | +10.1% | +8.3% | 4.4% | 2.10% | ₹1,768 cr |
| [Mirae Asset Equity Savings Fund](https://discovermf.com/funds/mirae-asset-equity-savings-fund-145695.md) | +2.6% | +9.2% | +7.7% | 5.9% | 1.72% | ₹1,986 cr |
| [Kotak Equity Savings Fund](https://discovermf.com/funds/kotak-equity-savings-fund-131372.md) | +0.7% | +8.4% | +8.1% | 5.8% | 2.14% | ₹10,195 cr |
| [Axis Equity Savings Fund](https://discovermf.com/funds/axis-equity-savings-fund-135122.md) | +2.7% | +8.3% | +6.3% | 5.1% | 2.69% | ₹848 cr |
| [Baroda BNP Paribas Equity Savings Fund](https://discovermf.com/funds/baroda-bnp-paribas-equity-savings-fund-147494.md) | +1.4% | +8.1% | +6.9% | 5.9% | 2.85% | ₹269 cr |
| [Mahindra Manulife Equity Savings Fund](https://discovermf.com/funds/mahindra-manulife-equity-savings-fund-140447.md) | +1.9% | +7.7% | +6.3% | 5.2% | 2.82% | ₹518 cr |
| [SBI Equity Savings Fund](https://discovermf.com/funds/sbi-equity-savings-fund-134644.md) | +1.6% | +7.6% | +7.4% | 3.8% | 2.00% | ₹5,358 cr |
| [HDFC Equity Savings Fund](https://discovermf.com/funds/hdfc-equity-savings-fund-101585.md) | +0.8% | +7.6% | +7.0% | 5.1% | 2.20% | ₹5,487 cr |
| [DSP Equity Savings Fund](https://discovermf.com/funds/dsp-equity-savings-fund-136563.md) | +0.4% | +7.5% | +6.7% | 3.6% | 1.96% | ₹2,996 cr |
| [Aditya Birla Sun Life Equity Savings Fund](https://discovermf.com/funds/aditya-birla-sun-life-equity-savings-fund-132998.md) | +3.4% | +7.4% | +5.7% | 3.4% | 1.67% | ₹1,136 cr |
| [UTI Equity Savings Fund](https://discovermf.com/funds/uti-equity-savings-fund-144484.md) | +0.8% | +7.4% | +7.4% | 5.3% | 2.06% | ₹802 cr |
| [LIC MF Equity Savings Fund](https://discovermf.com/funds/lic-mf-equity-savings-fund-151950.md) | -0.4% | +7.4% | — | 5.5% | 2.80% | ₹37.9 cr |
| [Sundaram Equity Savings Fund](https://discovermf.com/funds/sundaram-equity-savings-fund-149674.md) | -1.9% | +7.3% | — | 6.1% | 2.83% | ₹914 cr |
| [Invesco India Equity Savings Fund](https://discovermf.com/funds/invesco-india-equity-savings-fund-146456.md) | -1.6% | +7.1% | +5.7% | 5.2% | 2.96% | ₹263 cr |
| [Franklin India Equity Savings Fund](https://discovermf.com/funds/franklin-india-equity-savings-fund-144461.md) | +2.6% | +6.6% | +5.7% | 2.9% | 1.60% | ₹551 cr |
| [ICICI Prudential Equity Savings Fund](https://discovermf.com/funds/icici-prudential-equity-savings-fund-133051.md) | +2.4% | +6.6% | +7.0% | 3.1% | 1.59% | ₹14,301 cr |
| [Union Equity Savings Fund](https://discovermf.com/funds/union-equity-savings-fund-144310.md) | +1.4% | +6.4% | +5.3% | 5.3% | 2.58% | ₹114 cr |
| [Bandhan Equity Savings Fund](https://discovermf.com/funds/bandhan-equity-savings-fund-108995.md) | +3.2% | +6.4% | +5.7% | 2.8% | 1.56% | ₹377 cr |
| [PGIM India Equity Savings Fund](https://discovermf.com/funds/pgim-india-equity-savings-fund-138372.md) | +2.1% | +5.8% | +5.2% | 3.7% | 1.77% | ₹61.2 cr |
| [Nippon India Equity Savings Fund](https://discovermf.com/funds/nippon-india-equity-savings-fund-134593.md) | +0.3% | +5.7% | +5.5% | 4.3% | 1.99% | ₹735 cr |
| [Bajaj Finserv Equity Savings Fund](https://discovermf.com/funds/bajaj-finserv-equity-savings-fund-153769.md) | +3.1% | — | — | 2.7% | 2.19% | ₹39.7 cr |
| [WhiteOak Capital Equity Savings Fund](https://discovermf.com/funds/whiteoak-capital-equity-savings-fund-153356.md) | +3.4% | — | — | 3.8% | 2.97% | ₹270 cr |
| [quant Equity Savings Fund](https://discovermf.com/funds/quant-equity-savings-fund-153707.md) | +5.8% | — | — | 6.7% | 3.50% | ₹59.5 cr |

## Questions

### How many Equity Savings funds are there?

24 funds, managing ₹50,706 cr between them as of 3 Nov 2026. The largest is ICICI Prudential Equity Savings Fund, at ₹14,301 cr.

### What return have Equity Savings funds given?

The average Equity Savings fund returned +2.0% over the last year, +7.6% a year over three years, +6.6% a year over five years. Over the last year the funds ranged from -1.9% to +6.0%. Past returns do not tell you future returns.

### Which Equity Savings fund has the lowest expense ratio?

Bandhan Equity Savings Fund, at 1.56% a year, against 2.16% for the average fund in the category. The expense ratio is taken out of the fund every day, so every return shown is already after it.

### Which Equity Savings fund has the highest three-year return?

HSBC Equity Savings Fund, at +11.8% a year over the last three years, against +7.6% for the average fund. Past returns do not tell you future returns.

### How risky are Equity Savings funds?

Their volatility over the last year averaged 5.1%: the higher it is, the more the price swings from day to day. 10 of 24 carry the riskometer level Moderate, on SEBI's six-step scale from Low to Very High.