Only 3 equity savings funds delivered 10%+ SIP returns in 5 years; HSBC led at 12.54%, check the full list

Equity savings funds are hybrid mutual fund schemes that combine equity, arbitrage and debt investments in a single portfolio. The category is designed to provide equity exposure while using arbitrage and fixed-income investments to diversify the portfolio and moderate the impact of equity-market volatility.

The five-year SIP return data shows that several equity savings funds have delivered healthy returns, but only three schemes crossed the 10% mark. HSBC Equity Savings Fund led with a 12.54% five-year SIP return, followed by Edelweiss Equity Savings Fund at 11.01% and Kotak Equity Savings Fund at 10.13%.

HSBC Equity Savings Fund delivered the highest five-year SIP return among the schemes in the data at 12.54%. Edelweiss Equity Savings Fund followed at 11.01%, while Kotak Equity Savings Fund delivered 10.13%.

The next group came relatively close to the 10% mark. Mirae Asset Equity Savings Fund delivered 9.95%, while Axis Equity Savings Fund returned 9.18%.

At the lower end, PGIM India Equity Savings Fund delivered 6.77% over five years. Union Equity Savings Fund and Nippon India Equity Savings Fund posted 6.94% and 7.17%, respectively, while ICICI Prudential Equity Savings Fund delivered 7.19%.

HSBC's lead is also notable because the fund is not among the largest schemes in the category. It 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.

The three-year SIP return ranking also puts HSBC at the top. The fund delivered 11.52%, followed by Edelweiss Equity Savings Fund at 10.49%.

Mirae Asset Equity Savings Fund delivered 8.67% over three years, while Kotak Equity Savings Fund posted 8.28%. Mahindra Manulife Equity Savings Fund also returned 8.28%.

The three-year numbers show that the gap between HSBC and the rest of the category has been more pronounced recently. HSBC's 11.52% return was followed by Edelweiss at 10.49%, while most other funds were below 9%.

At the lower end, Invesco India Equity Savings Fund returned 5.48% over three years. ICICI Prudential Equity Savings Fund delivered 5.90%, while Union Equity Savings Fund posted 5.86%.

ICICI Prudential is the largest scheme with net assets of ₹ 16,179 crore, but its three-year and five-year SIP returns were 5.90% and 7.19%, respectively.

HSBC Equity Savings Fund again topped the chart with a 10-year SIP return of 11.58%.

Sundaram Equity Savings Fund was second at 10.95%, followed by Edelweiss Equity Savings Fund at 10.80%. Kotak Equity Savings Fund also crossed the 10% mark, delivering 10.49%.

The 10-year data changes the picture slightly. Kotak, which ranked third over five years, moves to fourth over 10 years, while Sundaram moves into second place.