Mutual Fund with Lowest Expense Ratio

Expense ratio in mutual funds includes annual operating costs such as management fees, allocation charges, advertisement costs etc. Here is a list of top 20 funds with lowest expense ratios in April 2025

Top 10 Mutual Funds with Lowest Expense Ratio in April 2025

Below are the top mutual funds with lowest expense ratio in india:

1. ICICI Prudential Value Discovery Fund Direct (G)

ICICI Prudential Value Discovery Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 6.4%, a 3 Years return of 18.0% and a 5 Years return of 30.2%. The fund has an expense ratio of 1.1% and an AUM of ₹49131 crores as of 2025-04-13.The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 92.68% to equities, 1.40% to debt and 5.91% to other assets.

2. 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 9.8% and a 3 Years return of 7.7%. The fund has an expense ratio of 0.1% and an AUM of ₹4773 crores as of 2025-04-13. It was Launched on 2020-07-23. The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 095.73% to debt and 4.27% to other assets.

3. 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 9.0%, a 3 Years return of 7.7% and a 5 Years return of 7.3%. The fund has an expense ratio of 0.3% and an AUM of ₹14724 crores as of 2025-04-13. It was Launched on 2013-01-01. The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 096.51% to debt and 3.49% to other assets.

4. Nippon India Arbitrage Fund Direct (G)

Nippon India Arbitrage Fund Direct (G) is a Debt fund that has delivered a 1 Year return of 7.7%, a 3 Years return of 7.3% and a 5 Years return of 6.2%. The fund has an expense ratio of 0.4% and an AUM of ₹13733 crores as of 2025-04-13.The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates -0.33% to equities, 26.24% to debt and 74.09% to other assets.

5. Kotak Nifty SDL Apr 2027 Top 12 Equal Weight Index Fund Direct (G)

Kotak Nifty SDL Apr 2027 Top 12 Equal Weight Index Fund Direct (G) is a Debt fund that has delivered a 1 Year return of 8.7% and a 3 Years return of 6.8%. The fund has an expense ratio of 0.2% and an AUM of ₹7714 crores as of 2025-04-13. It was Launched on 2022-02-11. The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 097.70% to debt and 2.30% to other assets.

6. HDFC Overnight Fund Direct (G)

HDFC Overnight Fund Direct (G) is a Debt fund that has delivered a 1 Year return of 6.6%, a 3 Years return of 6.3% and a 5 Years return of 5.0%. The fund has an expense ratio of 0.1% and an AUM of ₹9087 crores as of 2025-04-13. It was Launched on 2013-01-01. The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 07.69% to debt and 92.31% to other assets.

7. Parag Parikh Flexi Cap Fund Direct (G)

Parag Parikh Flexi Cap Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 9.3%, a 3 Years return of 16.4% and a 5 Years return of 29.0%. The fund has an expense ratio of 0.6% and an AUM of ₹93441 crores as of 2025-04-13. It was Launched on 2013-05-24. The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 77.24% to equities, 21.44% to debt and 1.32% to other assets.

8. BHARAT Bond ETF FOF - April 2032 Direct (G)

BHARAT Bond ETF FOF - April 2032 Direct (G) is a Debt fund that has delivered a 1 Year return of 10.3% and a 3 Years return of 7.9%. The fund has an expense ratio of 0.1% and an AUM of ₹4484 crores as of 2025-04-13. It was Launched on 2021-12-15. The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 096.83% to debt and 3.17% to other assets.

9. ICICI Prudential Liquid Fund Direct (G)

ICICI Prudential Liquid Fund Direct (G) is a Debt fund that has delivered a 1 Year return of 7.4%, a 3 Years return of 6.8% and a 5 Years return of 5.5%. The fund has an expense ratio of 0.2% and an AUM of ₹42293 crores as of 2025-04-13.The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹1000. The fund allocates 0118.62% to debt and -18.62% to other assets.

10. ICICI Prudential Bluechip Fund Direct (G)

ICICI Prudential Bluechip Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 3.3%, a 3 Years return of 15.2% and a 5 Years return of 24.9%. The fund has an expense ratio of 0.9% and an AUM of ₹64963 crores as of 2025-04-13.The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 95.61% to equities, 0.78% to debt and 3.61% to other assets.