Top-rated equity savings funds: November 2026

The 7 equity savings schemes rated A+ or A on their track record this month, out of 19 rated Regular plans: why each one rates well, what changed since last month, and how much they overlap. Data as of 11 Nov 2026.

Each fund is compared only with other equity savings funds of the same plan type: return over 35% Nifty 50 TRI + 65% liquid funds, how consistently it was earned, risk, cost and portfolio. How the ratings work.

1. Edelweiss Equity Savings Fund

Edelweiss Mutual Fund · AUM ₹1,757 cr · 10.0 years

Regular A+ · #1 of 19 · expense ratio 2.10% · Direct A+ · #1 of 19 · expense ratio 1.10%

Returned 10.4% a year over 3 years (Regular plan), +2.2% a year against 35% Nifty 50 TRI + 65% liquid funds; the median fund: -0.3%.
Ahead of 35% Nifty 50 TRI + 65% liquid funds in 96% of rolling 3-year periods (median fund: 73%).
In falling months it fell 26% as much as the index (median fund: 95%).
Its deepest fall in the last 3 years was 3.5% (median fund: 5.1%).

2. HSBC Equity Savings Fund

HSBC Mutual Fund · AUM ₹1,611 cr · 4.0 years

Regular A+ · #2 of 19 · expense ratio 2.37% · Direct A · #2 of 19 · expense ratio 1.38%

Returned 12.4% a year over 3 years (Regular plan), +4.1% a year against 35% Nifty 50 TRI + 65% liquid funds; the median fund: -0.3%.
In falling months it fell 27% as much as the index (median fund: 95%).
Its deepest fall in the last 3 years was 11.7% (median fund: 5.1%).

A short record: 4.0 years. Ratings on short records change more.

3. Mirae Asset Equity Savings Fund

Mirae Asset Mutual Fund · AUM ₹1,974 cr · 7.9 years

Regular A · #3 of 19 · expense ratio 1.72% · Direct A · #3 of 19 · expense ratio 0.72%

Returned 9.9% a year over 3 years (Regular plan), +1.7% a year against 35% Nifty 50 TRI + 65% liquid funds; the median fund: -0.3%.
Ahead of 35% Nifty 50 TRI + 65% liquid funds in 100% of rolling 3-year periods (median fund: 73%).
In falling months it fell 115% as much as the index (median fund: 95%).
Its deepest fall in the last 3 years was 5.5% (median fund: 5.1%).

4. DSP Equity Savings Fund

DSP Mutual Fund · AUM ₹2,992 cr · 10.6 years

Regular A · #4 of 19 · expense ratio 1.95% · Direct A · #6 of 19 · expense ratio 1.14%

Returned 8.2% a year over 3 years (Regular plan), +0.0% a year against 35% Nifty 50 TRI + 65% liquid funds; the median fund: -0.3%.
Ahead of 35% Nifty 50 TRI + 65% liquid funds in 83% of rolling 3-year periods (median fund: 73%).
In falling months it fell 56% as much as the index (median fund: 95%).
Its deepest fall in the last 3 years was 2.9% (median fund: 5.1%).

5. SBI Equity Savings Fund

SBI Mutual Fund · AUM ₹5,333 cr · 11.4 years

Regular A · #5 of 19 · expense ratio 2.00% · Direct B · #13 of 19 · expense ratio 1.43%

Returned 7.6% a year over 3 years (Regular plan), -0.6% a year against 35% Nifty 50 TRI + 65% liquid funds; the median fund: -0.3%.
Ahead of 35% Nifty 50 TRI + 65% liquid funds in 98% of rolling 3-year periods (median fund: 73%).
In falling months it fell 76% as much as the index (median fund: 95%).
Its deepest fall in the last 3 years was 6.5% (median fund: 5.1%).

6. UTI - Equity Savings Fund

UTI Mutual Fund · AUM ₹796 cr · 8.2 years

Regular B · #8 of 19 · expense ratio 2.06% · Direct A · #4 of 19 · expense ratio 1.04%

Returned 9.0% a year over 3 years (Direct plan), +0.7% a year against 35% Nifty 50 TRI + 65% liquid funds; the median fund: -0.3%.
Ahead of 35% Nifty 50 TRI + 65% liquid funds in 100% of rolling 3-year periods (median fund: 73%).
In falling months it fell 88% as much as the index (median fund: 95%).
Its deepest fall in the last 3 years was 4.9% (median fund: 5.1%).

7. Mahindra Manulife Equity Savings Fund

Mahindra Manulife Mutual Fund · AUM ₹515 cr · 9.8 years

Regular B · #13 of 19 · expense ratio 2.82% · Direct A · #5 of 19 · expense ratio 1.30%

Returned 10.0% a year over 3 years (Direct plan), +1.7% a year against 35% Nifty 50 TRI + 65% liquid funds; the median fund: -0.3%.
Ahead of 35% Nifty 50 TRI + 65% liquid funds in 100% of rolling 3-year periods (median fund: 73%).
In falling months it fell 91% as much as the index (median fund: 95%).
Its deepest fall in the last 3 years was 4.6% (median fund: 5.1%).

No fund joined or left the shortlist since last month.

Holding two of them? Check the overlap

The share of their portfolios two funds hold in common (portfolios of October 2026). Above about half, two funds are close to one bet.

Funds	Overlap
DSP Equity Savings Fund + SBI Equity Savings Fund	31%

Check the overlap of your own funds

Which of these suits you?

That depends on your goal, your other funds and how much overlap you hold. Tell us what you have and we'll look at it with you.

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All 46 equity savings plans, with every rating · Other categories

Common questions

Which equity savings funds are rated A+ in November 2026?

Among Regular plans: Edelweiss Equity Savings Fund, HSBC Equity Savings Fund. 7 schemes are rated A+ or A in at least one plan. Ratings compare each fund with its own category and plan type, on its record against 35% Nifty 50 TRI + 65% liquid funds.

Is the top-rated equity savings fund the best one to invest in?

Not necessarily. The rating describes the track record so far: return over the index, how consistently it was earned, risk, cost and portfolio. Our own backtest found that top ratings did not reliably predict the next three years. Use the shortlist to avoid weak records, then choose for your goal, the funds you already hold, and how much overlap you can accept.

Direct plan or Regular plan?

The same portfolio. A Direct plan has no distributor commission, so its expense ratio is lower and its return slightly higher. A Regular plan pays a distributor such as us, through the expense ratio, for advice and service. Plans are rated separately: Regular against Regular, Direct against Direct.

How often does this list change?

Returns update every weekday, but ratings change twice a month: on the 11th and the 16th, after fund houses publish their monthly portfolios.

Ratings describe past track records and are not a recommendation to buy or sell, or a forecast. Mutual fund investments are subject to market risks; read the scheme documents before investing.