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Mutual Funds for Minors

Here you get a selection of mutual funds that have delivered returns of at least 30% over the past five years and have Assets Under Management (AUM) exceeding ₹10,000 crores. This list is specifically curated for minors, providing a reliable investment option for long-term growth that parents or guardians might consider for building a child’s future financial foundation.

Best Mutual Funds for Minors

Name
NAV
AUM (in Cr.)
1M Returns
3M Returns
1 Yr Returns
3 Yr Returns
5 Yr Returnssort_arrow
Rating
Exp Ratio
Risk
Min Monthly SIP
Min Lumpsum
Category
Sub Category
Quant Small Cap Fund Direct - Growth

Quant Small Cap Fund Direct - Growth

236.70

22,832.40 -1.31% -14.53% -8.05%17.72%49.45%

5

star
0.69%Very High1,0005,000EquitySmall Cap Fund
Nippon India Small Cap Fund Direct - Growth

Nippon India Small Cap Fund Direct - Growth

160.10

55,490.70 -0.27% -14.96% -0.31%18.69%39.96%

5

star
0.74%Very High1005,000EquitySmall Cap Fund
Nippon India Small Cap Fund Direct Plan Growth Plan - Bonus Option Bonus

Nippon India Small Cap Fund Direct Plan Growth Plan - Bonus Option Bonus

160.10

55,490.70 -0.27% -14.96% -0.31%18.69%39.96%

5

star
0.74%Very High05,000EquitySmall Cap Fund
Motilal Oswal Midcap Fund Direct - Growth

Motilal Oswal Midcap Fund Direct - Growth

98.87

26,028.30 -2.66% -19.75% 8.46%24.05%37.08%

5

star
0.68%Very High500500EquityMid Cap Fund
Canara Robeco Small Cap Fund Direct - Growth

Canara Robeco Small Cap Fund Direct - Growth

35.92

11,087.40 -0.70% -15.04% -1.24%11.68%36.25%

3

star
0.52%Very High1,0005,000EquitySmall Cap Fund
HSBC Small Cap Fund Direct - Growth

HSBC Small Cap Fund Direct - Growth

75.12

14,493.30 -1.49% -20.00% -3.78%15.06%36.20%

3

star
0.66%Very High5005,000EquitySmall Cap Fund
SBI Contra Fund Direct - Growth

SBI Contra Fund Direct - Growth

371.96

39,589.70 -0.51% -7.18% 0.42%19.35%35.94%

2

star
0.76%Very High5005,000EquityContra Fund
HDFC Small Cap Fund Direct - Growth

HDFC Small Cap Fund Direct - Growth

130.09

28,119.90 -1.99% -15.48% -5.12%16.77%35.80%

4

star
0.82%Very High100100EquitySmall Cap Fund
ICICI Prudential India Opportunities Fund Direct - Growth

ICICI Prudential India Opportunities Fund Direct - Growth

34.22

23,859.70 0.14% -4.51% 6.82%21.29%35.46%NA0.69%Very High1005,000EquitySectoral / Thematic
Kotak Small Cap Fund Direct - Growth

Kotak Small Cap Fund Direct - Growth

259.17

14,407.10 -0.34% -16.98% 0.59%11.81%35.34%

4

star
0.58%Very High100100EquitySmall Cap Fund
Franklin India Smaller Companies Fund Direct - Growth

Franklin India Smaller Companies Fund Direct - Growth

164.13

11,257.10 -0.39% -15.82% -3.44%17.88%34.93%

4

star
0.98%Very High5005,000EquitySmall Cap Fund
HDFC Mid-Cap Opportunities Fund Direct - Growth

HDFC Mid-Cap Opportunities Fund Direct - Growth

179.06

67,578.60 -0.84% -11.34% 2.53%21.42%34.04%

5

star
0.83%Very High100100EquityMid Cap Fund
Nippon India Growth Fund Direct - Growth

Nippon India Growth Fund Direct - Growth

3,806.38

33,174.70 1.42% -10.86% 6.11%20.42%33.97%

5

star
0.80%Very High100100EquityMid Cap Fund
Nippon India Growth Fund Direct Plan Bonus Plan Bonus

Nippon India Growth Fund Direct Plan Bonus Plan Bonus

632.37

33,174.70 1.42% -10.86% 6.11%20.42%33.97%

5

star
0.80%Very High0100EquityMid Cap Fund
DSP Small Cap Fund Direct - Growth

DSP Small Cap Fund Direct - Growth

175.93

13,276.90 -1.59% -17.36% 0.02%13.30%33.46%

3

star
0.81%Very High100100EquitySmall Cap Fund
SBI Magnum Mid Cap Fund Direct - Growth

SBI Magnum Mid Cap Fund Direct - Growth

234.91

19,391.70 1.19% -8.33% 2.91%15.78%32.84%

3

star
0.92%Very High5005,000EquityMid Cap Fund
Nippon India Multi Cap Fund Direct - Growth

Nippon India Multi Cap Fund Direct - Growth

278.05

38,636.70 -0.18% -9.50% 2.20%19.15%32.62%

4

star
0.80%Very High100100EquityMulti Cap Fund
HDFC Focused 30 Fund Direct - Growth

HDFC Focused 30 Fund Direct - Growth

231.48

15,515.90 1.28% -2.60% 11.09%21.36%32.45%

5

star
0.71%Very High100100EquityFocused Fund
Axis Small Cap Fund Direct - Growth

Axis Small Cap Fund Direct - Growth

103.84

20,954.40 -0.37% -12.87% 4.31%14.88%32.05%

4

star
0.59%Very High100100EquitySmall Cap Fund
HDFC Flexi Cap Fund Direct - Growth

HDFC Flexi Cap Fund Direct - Growth

1,924.46

64,124.10 1.51% -3.08% 9.95%19.88%31.87%

5

star
0.81%Very High100100EquityFlexi Cap Fund
Kotak Emerging Equity Fund Direct - Growth

Kotak Emerging Equity Fund Direct - Growth

126.85

43,941.50 -0.59% -15.08% 5.85%16.17%31.77%

4

star
0.45%Very High100100EquityMid Cap Fund
HSBC Value Fund Direct - Growth

HSBC Value Fund Direct - Growth

104.20

12,600.40 1.71% -9.00% 1.91%18.60%31.58%

5

star
0.81%Very High5005,000EquityValue Fund
ICICI Prudential Technology Fund Direct - Growth

ICICI Prudential Technology Fund Direct - Growth

189.67

12,511.40 -7.88% -18.53% 1.62%3.90%31.50%NA1.05%Very High1005,000EquitySectoral / Thematic
ICICI Prudential Large & Mid Cap Fund Direct - Growth

ICICI Prudential Large & Mid Cap Fund Direct - Growth

981.44

17,818.20 0.28% -3.88% 6.21%18.33%31.26%

5

star
0.85%Very High1005,000EquityLarge & Mid Cap Fund
ICICI Prudential Value Discovery Fund Direct - Growth

ICICI Prudential Value Discovery Fund Direct - Growth

455.21

46,114.50 -0.05% -4.46% 5.64%17.56%31.07%

5

star
1.08%Very High1001,000EquityValue Fund
Mirae Asset Midcap Fund Direct - Growth

Mirae Asset Midcap Fund Direct - Growth

31.86

13,830.70 -0.14% -12.24% -2.88%13.61%31.06%

3

star
0.60%Very High995,000EquityMid Cap Fund
SBI Small Cap Fund Direct - Growth

SBI Small Cap Fund Direct - Growth

171.89

28,453.40 0.56% -12.30% -0.54%13.90%30.71%

4

star
0.82%Very High5005,000EquitySmall Cap Fund
SBI Long Term Equity Fund Direct - Growth

SBI Long Term Equity Fund Direct - Growth

415.35

25,723.50 -1.30% -7.61% 2.51%21.00%30.28%

5

star
1.07%Very High500500EquityELSS
Sundaram Mid Cap Fund Direct - Growth

Sundaram Mid Cap Fund Direct - Growth

1,272.72

10,450.70 1.25% -12.00% 5.54%19.21%30.07%

3

star
0.94%Very High100100EquityMid Cap Fund
HDFC Large and Mid Cap Fund Direct - Growth

HDFC Large and Mid Cap Fund Direct - Growth

305.33

21,526.60 -0.05% -9.02% 0.74%16.49%30.04%

4

star
0.96%Very High100100EquityLarge & Mid Cap Fund

Showing 30 of 30 results

Please Note:

  • 1M, 3M and 1 Yr returns are Absolute. 3 Yr and 5 Yr returns are Annualized.
  • Fund Rating is sourced from Morningstar.
  • "Exp Ratio" is a short-form used for "Expense Ratio" - In simple terms it is a fee charged by the AMC for managing your money.

*The schemes mentioned above are just for research purpose and not recommendations. Please do your own due diligence before investing.

Frequently Asked Questions

Consider the fund's risk profile, investment horizon, and growth potential. Look for funds with a stable history and those that align with the long-term financial goals for the minor, such as education or early financial independence.
Investing in a mutual fund for a minor can help build a substantial financial portfolio over time, taking advantage of the power of compounding. It’s a proactive approach to securing a child’s future financial needs and educating them about financial planning.
Mutual funds for minors offer a diversified investment portfolio managed by professionals. They can provide higher returns than traditional savings, help inculcate savings habits early, and can be used to finance future expenses like education.
Like any investment, mutual funds for minors carry risks, including market volatility and potential loss of capital. The investment value can fluctuate depending on market conditions, which might affect the fund’s performance.
Mutual funds for minors are a suitable investment for parents or guardians who want to save for their child's future expenses, such as higher education or initial career setup. These funds are ideal for introducing financial literacy to children at an early age.
To start investing for a minor, open a minor-specific account on Dhan under the child’s name, managed by you until they reach adulthood. Complete the KYC and consider using sip calculator to decide future returns. Invest through Dhan using a lump sum or SIP, regularly reviewing the investment's alignment with the minor’s growing financial needs.

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*All securities mentioned on this website are exemplary and not recommendatory.

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