Top 20 Mutual Funds with Highest Return in August 2026

Fund Name	3 Year Return	3 Year Category Average
HDFC Corporate Bond Fund Direct (G)	7.4%	NA
HDFC Small Cap Fund Direct (G)	13.8%	NA
Bandhan Income Plus Arbitrage Active FoF Direct (G)	7.5%	NA
BHARAT Bond FOF - April 2031 Direct (G)	7.6%	NA
Kotak US Specific Equity Passive FoF Direct (G)	29.0%	NA
HDFC Overnight Fund Direct (G)	6.1%	NA
ICICI Prudential Liquid Fund Direct (G)	7.0%	NA
HDFC Floating Rate Debt Fund Direct (G)	7.8%	NA
HDFC Gold ETF Fund of Fund Direct (G)	32.3%	NA
Nippon India Arbitrage Fund Direct (G)	7.5%	NA
HDFC Income Plus Arbitrage Active FoF Direct (G)	9.7%	NA
Aditya Birla Sun Life PSU Equity Fund Direct (G)	24.2%	NA
Parag Parikh Flexi Cap Fund Direct (G)	15.6%	NA
BHARAT Bond ETF FOF - April 2032 Direct (G)	7.8%	NA
ICICI Prudential Large Cap Fund Direct (G)	13.4%	NA
Aditya Birla Sun Life Money Manager Fund Direct (G)	7.4%	NA
DSP ELSS Tax Saver Fund Direct (G)	15.8%	NA
UTI Healthcare Fund Direct (G)	24.3%	NA
HDFC Flexi Cap Fund Direct (G)	17.9%	NA
HDFC Large and Mid Cap Fund Direct (G)	15.7%	NA

Note: *NA implies that Fund is relatively new. Not enough data available.

Confused if your portfolio is performing right enough to meet your goals?

Avail a free session with a certified financial expert.

Get a second opinion on your portfolio and much more.

Top 10 Mutual Funds with Highest Return in August 2026

Below are the Top 20 Mutual Funds with Highest Return in india:

1 . HDFC Corporate Bond Fund Direct (G)

HDFC Corporate Bond Fund Direct (G) is a Debt fund that has delivered a 1 Year return of 4.9% , a 3 Years return of 7.4% and a 5 Years return of 6.5% . The fund has an expense ratio of 0.4% and an AUM of ₹ 30721 crores as of 2026-08-05. It was Launched on 2013-01-01. The minimum lump sum investment is ₹5000.

2 . HDFC Small Cap Fund Direct (G)

HDFC Small Cap Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 2.5% , a 3 Years return of 13.8% and a 5 Years return of 16.2% . The fund has an expense ratio of 0.8% and an AUM of ₹ 40417 crores as of 2026-08-05. It was Launched on 2013-01-01. The minimum lump sum investment is ₹5000.

3 . Bandhan Income Plus Arbitrage Active FoF Direct (G)

Bandhan Income Plus Arbitrage Active FoF Direct (G) is a Debt fund that has delivered a 1 Year return of 6.0% , a 3 Years return of 7.5% and a 5 Years return of 6.3% . The fund has an expense ratio of 0.0% and an AUM of ₹ 1640 crores as of 2026-08-05. It was Launched on 2013-01-01. The minimum lump sum investment is ₹5000.

4 . BHARAT Bond FOF - April 2031 Direct (G)

BHARAT Bond FOF - April 2031 Direct (G) is a Debt fund that has delivered a 1 Year return of 5.0% , a 3 Years return of 7.6% and a 5 Years return of 6.6% . The fund has an expense ratio of 0.1% and an AUM of ₹ 4645 crores as of 2026-08-05. It was Launched on 2020-07-23. The minimum lump sum investment is ₹5000.

5 . Kotak US Specific Equity Passive FoF Direct (G)

Kotak US Specific Equity Passive FoF Direct (G) is a International Equity fund that has delivered a 1 Year return of 36.8% , a 3 Years return of 29.0% and a 5 Years return of 19.9% . The fund has an expense ratio of 0.2% and an AUM of ₹ 4588 crores as of 2026-08-05. It was Launched on 2021-02-02. The minimum lump sum investment is ₹5000.

6 . HDFC Overnight Fund Direct (G)

HDFC Overnight Fund Direct (G) is a Debt fund that has delivered a 1 Year return of 5.3% , a 3 Years return of 6.1% and a 5 Years return of 5.6% . The fund has an expense ratio of 0.1% and an AUM of ₹ 9991 crores as of 2026-08-05. It was Launched on 2013-01-01. The minimum lump sum investment is ₹5000.

7 . ICICI Prudential Liquid Fund Direct (G)

ICICI Prudential Liquid Fund Direct (G) is a Debt fund that has delivered a 1 Year return of 6.4% , a 3 Years return of 7.0% and a 5 Years return of 6.3% . The fund has an expense ratio of 0.2% and an AUM of ₹ 54543 crores as of 2026-08-05. It was Launched on 2013-01-01. The minimum lump sum investment is ₹1000.

8 . HDFC Floating Rate Debt Fund Direct (G)

HDFC Floating Rate Debt Fund Direct (G) is a Debt fund that has delivered a 1 Year return of 6.2% , a 3 Years return of 7.8% and a 5 Years return of 6.9% . The fund has an expense ratio of 0.3% and an AUM of ₹ 16452 crores as of 2026-08-05. It was Launched on 2013-01-01. The minimum lump sum investment is ₹5000.

9 . HDFC Gold ETF Fund of Fund Direct (G)

HDFC Gold ETF Fund of Fund Direct (G) is a Precious Metals fund that has delivered a 1 Year return of 40.6% , a 3 Years return of 32.3% and a 5 Years return of 23.0% . The fund has an expense ratio of 0.2% and an AUM of ₹ 11019 crores as of 2026-08-05. It was Launched on 2013-01-01. The minimum lump sum investment is ₹5000.

10 . Nippon India Arbitrage Fund Direct (G)

Nippon India Arbitrage Fund Direct (G) is a Debt fund that has delivered a 1 Year return of 6.9% , a 3 Years return of 7.5% and a 5 Years return of 6.8% . The fund has an expense ratio of 1.4% and an AUM of ₹ 16638 crores as of 2026-08-05. It was Launched on 2013-01-01. The minimum lump sum investment is ₹5000.