Looking for best mutual funds to invest in? Here are the top 10 picks

Many investors search online for the best mutual funds to create wealth. However, search results may not always provide the most suitable or personalised recommendations.

Often, shortlisted schemes are chosen based on short-term performance. In some cases, funds from a single category dominate the list simply because that category is currently in favour.

The best mutual funds are often ranked using short or long-term returns. However, historical performance alone should not be the basis for making investment decisions.

ETMutualFunds selected 10 funds across five equity mutual fund categories. Investors should choose mutual funds based on their financial goals, investment horizon and risk profile.

The methodology includes mean rolling returns, consistency over the last three years, downside risk, outperformance and asset size.

These schemes invest in equity (65–80%) and debt (20–35%). They are suitable for conservative investors. Our picks: SBI Equity Hybrid Fund and Mirae Asset Aggressive Hybrid Fund.

These schemes invest in the top 100 companies by market capitalisation. They are suitable for investors seeking wealth creation with relatively lower risk and volatility. Our picks: Canara Robeco Large Cap Fund and Mirae Asset Large Cap Fund.

These schemes are suitable for moderate-risk investors. Flexicap funds invest across market capitalisations and sectors. Our picks: Parag Parikh Flexi Cap Fund and HDFC Flexi Cap Fund.

These schemes invest in mid-sized companies. They can be volatile but may offer higher return potential. Our picks: Axis Midcap Fund and Kotak Midcap Fund.

These schemes are suitable only for investors who can tolerate high risk and volatility and have a long investment horizon. Our picks: Axis Small Cap Fund and SBI Small Cap Fund.