Cheapest active equity funds
37 funds match this screen, ranked on expense ratio. Which actively managed equity funds charge the least?
Criteria: Equity funds with expense ≤ 0.75% and AUM ≥ ₹500 Cr.
Median equity expense is 1.05%, so everything here is in the cheapest quarter of the category. The AUM floor is deliberate: the very cheapest active funds are often the very smallest, where a low ratio reflects a fund that has not scaled rather than one passing savings on.
Cheapest active equity funds, ranked by expense ratio
| # | ||||||||
|---|---|---|---|---|---|---|---|---|
| 1 | HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund - Direct - Growth | Index Funds | 0.19% | +7.89% | 0% | -2.4% | +7.35% | ₹1,749 Cr |
| 2 | Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund-Direct GrowthBronze | Index Funds | 0.40% | +16.95% | 98% | -18.0% | +10.95% | ₹535 Cr |
| 3 | SBI BANKING & FINANCIAL SERVICES FUND - DIRECT PLAN - GROWTHBronze | Sectoral/Thematic | 0.41% | +17.20% | 45% | -43.8% | +15.03% | ₹10,873 Cr |
| 4 | Aditya Birla Sun Life Nifty Midcap 150 Index Fund-Direct GrowthPlatinum | Index Funds | 0.45% | +23.15% | 100% | -21.2% | +14.58% | ₹503 Cr |
| 5 | Tata Small Cap Fund-Direct Plan-Growth | Small Cap Fund | 0.51% | +29.16% | 76% | -36.6% | +13.11% | ₹13,094 Cr |
| 6 | Kotak Midcap Fund - Direct Plan - GrowthSilver | Mid Cap Fund | 0.54% | +22.73% | 56% | -36.0% | +17.26% | ₹71,256 Cr |
| 7 | Mirae Asset Healthcare Fund - Direct Plan - GrowthPlatinum | Sectoral/Thematic | 0.61% | +23.24% | 85% | -20.0% | +24.03% | ₹3,555 Cr |
| 8 | BANDHAN SMALL CAP FUND - DIRECT PLAN GROWTHPlatinum | Small Cap Fund | 0.61% | +31.29% | 100% | -24.3% | +25.09% | ₹34,176 Cr |
| 9 | CANARA ROBECO LARGE CAP FUND - DIRECT PLAN - GROWTH OPTION | Large Cap Fund | 0.63% | +15.66% | 57% | -32.6% | +10.00% | ₹17,092 Cr |
| 10 | Invesco India Smallcap Fund - Direct Plan - GrowthGold | Small Cap Fund | 0.63% | +28.45% | 98% | -37.7% | +23.28% | ₹15,744 Cr |
| 11 | Kotak Pioneer Fund- Direct Plan- Growth OptionGold | Sectoral/Thematic | 0.63% | +22.05% | 95% | -35.7% | +21.12% | ₹4,281 Cr |
| 12 | Kotak-Small Cap Fund - Growth - Direct | Small Cap Fund | 0.65% | +20.62% | 46% | -40.6% | +13.17% | ₹19,679 Cr |
| 13 | Parag Parikh ELSS Tax Saver Fund- Direct Growth | ELSS | 0.65% | +22.44% | 80% | -29.5% | +8.55% | ₹5,613 Cr |
| 14 | Nippon India Flexi Cap Fund - Direct Plan - Growth Plan - Growth Option | Flexi Cap Fund | 0.65% | +16.87% | 54% | -19.8% | +10.25% | ₹9,822 Cr |
| 15 | Canara Robeco Multi Cap Fund - Direct Plan - Growth OptionBronze | Multi Cap Fund | 0.65% | — | — | -18.3% | +14.20% | ₹5,951 Cr |
| 16 | Mirae Asset Great Consumer Fund - Direct Plan - Growth | Sectoral/Thematic | 0.66% | +18.46% | 56% | -35.5% | +10.72% | ₹4,742 Cr |
| 17 | Kotak Flexicap Fund - Growth - Direct | Flexi Cap Fund | 0.66% | +16.62% | 50% | -37.3% | +11.30% | ₹56,119 Cr |
| 18 | Tata Digital India Fund-Direct Plan-Growth | Sectoral/Thematic | 0.66% | +20.40% | 59% | -33.3% | +3.74% | ₹10,322 Cr |
| 19 | Edelweiss Small Cap Fund - Direct Plan - GrowthSilver | Small Cap Fund | 0.66% | +28.26% | 70% | -37.1% | +15.81% | ₹7,253 Cr |
| 20 | Kotak Large & Midcap Fund - Direct- GrowthSilver | Large & Mid Cap Fund | 0.67% | +18.68% | 53% | -36.0% | +13.17% | ₹32,325 Cr |
| 21 | CANARA ROBECO SMALL CAP FUND - DIRECT PLAN - GROWTH OPTION | Small Cap Fund | 0.67% | +29.17% | 64% | -36.2% | +12.93% | ₹14,661 Cr |
| 22 | CANARA ROBECO FLEXICAP FUND - DIRECT PLAN - GROWTH OPTION | Flexi Cap Fund | 0.68% | +15.57% | 40% | -33.2% | +11.46% | ₹13,679 Cr |
| 23 | Nippon India Small Cap Fund - Direct Plan Growth Plan - Growth OptionSilver | Small Cap Fund | 0.68% | +25.60% | 64% | -48.6% | +15.57% | ₹82,580 Cr |
| 24 | Edelweiss Mid Cap Fund - Direct Plan - Growth OptionSilver | Mid Cap Fund | 0.68% | +26.05% | 72% | -39.2% | +20.52% | ₹19,891 Cr |
| 25 | CANARA ROBECO ELSS TAX SAVER - DIRECT PLAN - GROWTH OPTIONSilver | ELSS | 0.69% | +16.03% | 37% | -34.3% | +11.35% | ₹8,725 Cr |
| 26 | Parag Parikh Flexi Cap Fund - Direct Plan - Growth | Flexi Cap Fund | 0.69% | +19.11% | 61% | -31.2% | +12.90% | ₹1.47 Lakh Cr |
| 27 | Edelweiss Large & Mid Cap Fund - Direct Plan - Growth OptionGold | Large & Mid Cap Fund | 0.69% | +19.43% | 61% | -34.9% | +14.03% | ₹4,942 Cr |
| 28 | Invesco India Focused Fund - Direct Plan - GrowthPlatinum | Focused Fund | 0.70% | +23.25% | 100% | -22.0% | +21.03% | ₹6,454 Cr |
| 29 | Kotak Multicap Fund-Direct Plan-GrowthGold | Multi Cap Fund | 0.70% | +24.46% | 97% | -21.0% | +17.09% | ₹30,529 Cr |
| 30 | Axis Small Cap Fund - Direct Plan - GrowthSilver | Small Cap Fund | 0.71% | +19.71% | 44% | -34.6% | +15.85% | ₹31,448 Cr |
| 31 | Mirae Asset Flexi Cap Fund - Direct Plan - GrowthSilver | Flexi Cap Fund | 0.72% | +15.02% | 25% | -16.1% | +12.39% | ₹4,506 Cr |
| 32 | PGIM India Midcap Fund - Direct Plan - Growth Option | Mid Cap Fund | 0.74% | +15.33% | 30% | -36.4% | +11.59% | ₹11,218 Cr |
| 33 | Mahindra Manulife Mid Cap Fund - Direct Plan -GrowthSilver | Mid Cap Fund | 0.74% | +25.69% | 82% | -33.1% | +17.38% | ₹5,406 Cr |
| 34 | BANK OF INDIA Small Cap Fund Direct Plan GrowthPlatinum | Small Cap Fund | 0.74% | +29.62% | 79% | -32.4% | +22.47% | ₹3,307 Cr |
| 35 | Kotak Focused Fund- Direct Plan- Growth optionGold | Focused Fund | 0.74% | +18.53% | 77% | -36.3% | +14.67% | ₹4,549 Cr |
| 36 | Mirae Asset Banking and Financial Services Fund - Direct Plan - GrowthBronze | Sectoral/Thematic | 0.74% | +17.56% | 47% | -21.0% | +12.24% | ₹2,357 Cr |
| 37 | DSP Healthcare Fund - Direct Plan - GrowthPlatinum | Sectoral/Thematic | 0.75% | +22.88% | 90% | -21.7% | +23.06% | ₹3,835 Cr |
Badges are our own quality tiers — Platinum (top 10%), Gold (25%), Silver (50%), Bronze (75%) — scored within each sub-category, so they compare a fund with its peers and not with funds of a different type. “3Y typical” is the median annualised return across every 3-year holding period the fund has lived through, not a single 3-year figure; “3Y loss odds” is the share of those periods that ended down. “Beat peers” is the share in which it beat its category's median, and “worst fall” is its deepest peak-to-trough drop. Open a fund for the full distribution. Click any column heading to re-sort — including the fund name, which groups a house’s funds together. Funds with no value for a column sort last. Returns over 1 year are annualised (CAGR). Past performance does not indicate future returns. Eligibility: Direct plan, Growth option. Wound-up, suspended and distributing (IDCW/payout) variants are excluded. Distributing funds are matched by NAME as well as by option, because the option field is wrong on around 100 schemes.