Only three equity savings funds delivered 10%+ SIP returns over five years, with HSBC Equity Savings Fund leading at 12.54%, followed by Edelweiss Equity Savings Fund at 11.01% and Kotak Equity Savings Fund at 10.13%. According to reports from Mint, the data shows that equity savings funds are hybrid mutual fund schemes that combine equity, arbitrage and debt investments in a single portfolio, designed to provide equity exposure while using arbitrage and fixed-income investments to moderate volatility impact.
The next group of funds came relatively close to the 10% mark, with Mirae Asset Equity Savings Fund delivering 9.95% and Axis Equity Savings Fund returning 9.18%. At the lower end, PGIM India Equity Savings Fund delivered 6.77% over five years, while Union Equity Savings Fund and Nippon India Equity Savings Fund posted 6.94% and 7.17%, respectively. As reported by Mint, ICICI Prudential Equity Savings Fund delivered 7.19% over five years. The latest data shows that Kotak Equity Savings Fund has grown significantly to ₹10,409 crore in net assets, while HSBC maintains its smaller size at ₹1,326 crore.
The three-year SIP return ranking also puts HSBC at the top with 11.52%, followed by Edelweiss Equity Savings Fund at 10.49%. According to Mint data, Mirae Asset Equity Savings Fund delivered 8.67% over three years, while Kotak Equity Savings Fund posted 8.28%. The three-year numbers show that the gap between HSBC and the rest of the category has been more pronounced recently, with HSBC's 11.52% return followed by Edelweiss at 10.49%, while most other funds were below 9%.
For ten-year returns, HSBC Equity Savings Fund again topped the chart with a 10-year SIP return of 11.58%. As reported by Mint, Sundaram Equity Savings Fund was second at 10.95%, followed by Edelweiss Equity Savings Fund at 10.80% and Kotak Equity Savings Fund at 10.49%. The 10-year data shows that Kotak, which ranked third over five years, moves to fourth over 10 years, while Sundaram moves into second place. Sundaram's performance is particularly notable as its five-year SIP return was 9.44% below the 10% threshold, but its 10-year return was 10.95%.
Notably, HSBC's lead is significant because the fund is not among the largest schemes in the category. According to Mint, HSBC Equity Savings Fund has net assets of ₹1,326 crore, compared with ₹10,409 crore for Kotak Equity Savings Fund and ₹16,179 crore for ICICI Prudential Equity Savings Fund. ICICI Prudential is the largest scheme but its three-year and five-year SIP returns were 5.90% and 7.19%, respectively. The data emphasizes that returns within the equity savings fund category can still vary meaningfully across funds despite their hybrid investment approach.
