Best Thematic Fund in India 2026
Compare all 107 Thematic Fund Direct Growth funds by stability score, returns, expense ratio and risk metrics. Independent analysis by FundMatrix.
107 Funds₹41K Cr Category AUM1.28% Avg TER8.4% Avg 1Y Return
🛡 Top by Stability Score
1Motilal Oswal Active Momentum Fund762Invesco India Business Cycle Fund703ICICI Prudential Global Stable Equity Fund (FOF)684ICICI Prudential India Opportunities Fund - Direct Plan - Cumulative675ICICI Prudential Business Cycle Fund65107 funds
| Fund Name | AMC | Stability | AUM | TER | 1Y Return | Sharpe | |
|---|---|---|---|---|---|---|---|
ICICI Prudential India Opportunities Fund - Direct Plan - Cumulative | ICICI Prudential Mutual Fund | 67Moderate | ₹12K Cr | 0.91% | +3.55% | -0.21 | → |
Tata Digital India Fund | Tata Mutual Fund | 36Low | ₹5K Cr | 0.69% | -10.34% | -0.81 | → |
ICICI Prudential Business Cycle Fund | ICICI Prudential Mutual Fund | 65Moderate | ₹4K Cr | 0.95% | +2.58% | -0.17 | → |
ICICI Prudential Innovation Fund | ICICI Prudential Mutual Fund | 61Moderate | ₹2K Cr | 1.22% | +6.94% | 0.11 | → |
Aditya Birla Sun Life Digital India Fund | Aditya Birla Sun Life Mutual Fund | 37Low | ₹1K Cr | 1.02% | -7.40% | -0.65 | → |
SBI ESG Exclusionary Strategy Fund | SBI Mutual Fund | 52Below Average | ₹973 Cr | 1.33% | +3.08% | -0.15 | → |
Franklin India Opportunities Fund | Franklin Templeton Mutual Fund | 55Moderate | ₹966 Cr | 0.90% | +3.74% | -0.10 | → |
Icici Prudential Housing Opportunities Fund | ICICI Prudential Mutual Fund | 61Moderate | ₹705 Cr | 1.19% | +0.16% | -0.38 | → |
Sbi Mnc Fund | SBI Mutual Fund | 50Below Average | ₹599 Cr | 1.32% | +11.47% | 0.45 | → |
ICICI Prudential Rural Opportunities Fund | ICICI Prudential Mutual Fund | 50Insufficient History | ₹594 Cr | 1.21% | +2.13% | -0.29 | → |
ICICI Prudential Active Momentum Fund | ICICI Prudential Mutual Fund | — | ₹559 Cr | 1.73% | — | — | → |
Aditya Birla Sun Life MNC Fund | Aditya Birla Sun Life Mutual Fund | 42Below Average | ₹522 Cr | 1.45% | -5.11% | -0.84 | → |
quant Quantamental Fund | quant Mutual Fund | 49Below Average | ₹516 Cr | 1.57% | +12.64% | 0.35 | → |
ICICI Prudential Exports & Services Fund | ICICI Prudential Mutual Fund | 62Moderate | ₹481 Cr | 1.75% | +3.82% | -0.17 | → |
SBI Innovative Opportunities Fund | SBI Mutual Fund | 31Insufficient History | ₹479 Cr | 1.02% | +7.24% | 0.15 | → |
quant Momentum Fund | quant Mutual Fund | 33Insufficient History | ₹474 Cr | 1.86% | +7.25% | 0.05 | → |
Kotak Quant Fund | Kotak Mahindra Mutual Fund | 37Insufficient History | ₹415 Cr | 1.74% | +2.71% | -0.16 | → |
Motilal Oswal Active Momentum Fund | Motilal Oswal Mutual Fund | 76Insufficient History | ₹396 Cr | 3.34% | +20.72% | 0.84 | → |
Hdfc Innovation Fund | HDFC Mutual Fund | 39Insufficient History | ₹384 Cr | 0.92% | +14.75% | 0.62 | → |
SBI Quant Fund | SBI Mutual Fund | 44Insufficient History | ₹363 Cr | 1.59% | +5.00% | 0.00 | → |
DSP Quant Fund | DSP Mutual Fund | 42Below Average | ₹344 Cr | 1.15% | +1.44% | -0.32 | → |
Nippon India US Equity Opportunities Fund | Nippon India Mutual Fund | 53Below Average | ₹311 Cr | 1.34% | +18.45% | 0.72 | → |
Kotak Active Momentum Fund | Kotak Mahindra Mutual Fund | — | ₹306 Cr | 1.53% | — | — | → |
Motilal Oswal Digital India Fund | Motilal Oswal Mutual Fund | 30Insufficient History | ₹301 Cr | 1.08% | -2.89% | -0.31 | → |
Aditya Birla Sun Life Quant Fund | Aditya Birla Sun Life Mutual Fund | 37Insufficient History | ₹292 Cr | 1.23% | +9.06% | 0.20 | → |
360 One Quant Fund | 360 ONE Mutual Fund | 52Below Average | ₹292 Cr | 1.42% | -0.46% | -0.39 | → |
Nippon India Innovation Fund | Nippon India Mutual Fund | 49Insufficient History | ₹291 Cr | 0.87% | +3.36% | -0.10 | → |
Motilal Oswal Business Cycle Fund | Motilal Oswal Mutual Fund | 33Insufficient History | ₹288 Cr | 1.29% | -1.80% | -0.40 | → |
Tata Business Cycle Fund | Tata Mutual Fund | 52Below Average | ₹278 Cr | 0.90% | +1.98% | -0.25 | → |
Motilal Oswal Quant Fund | Motilal Oswal Mutual Fund | 35Insufficient History | ₹240 Cr | 1.71% | +0.25% | -0.33 | → |
HDFC Business Cycle Fund | HDFC Mutual Fund | 51Below Average | ₹220 Cr | 1.15% | +2.70% | -0.16 | → |
quant BFSI Fund | quant Mutual Fund | 58Moderate | ₹200 Cr | 1.89% | +17.44% | 0.59 | → |
Bandhan Innovation Fund | Bandhan Mutual Fund | 58Insufficient History | ₹189 Cr | 0.89% | +17.58% | 0.74 | → |
Kotak MNC Fund | Kotak Mahindra Mutual Fund | 61Insufficient History | ₹181 Cr | 0.86% | +21.32% | 0.95 | → |
WhiteOak Capital Special Opportunities Fund | WhiteOak Capital Mutual Fund | 59Insufficient History | ₹169 Cr | 1.41% | +10.55% | 0.35 | → |
HDFC Housing Opportunities Fund | HDFC Mutual Fund | 46Below Average | ₹167 Cr | 1.41% | -5.39% | -0.69 | → |
ICICI Prudential MNC Fund | ICICI Prudential Mutual Fund | 54Below Average | ₹160 Cr | 1.19% | +10.41% | 0.35 | → |
HSBC Global Emerging Market Fund | HSBC Mutual Fund | 40Below Average | ₹160 Cr | — | +60.33% | 1.87 | → |
Invesco India Business Cycle Fund | Invesco Mutual Fund | 70Insufficient History | ₹159 Cr | 0.72% | +14.52% | 0.52 | → |
quant Business Cycle Fund | quant Mutual Fund | 35Low | ₹156 Cr | 1.39% | +4.66% | -0.10 | → |
Axis Quant Fund | Axis Mutual Fund | 44Below Average | ₹147 Cr | 3.00% | +6.79% | 0.12 | → |
Nippon India Active Momentum Fund | Nippon India Mutual Fund | 65Insufficient History | ₹145 Cr | 1.17% | +11.75% | 0.39 | → |
Kotak Business Cycle | Kotak Mahindra Mutual Fund | 58Moderate | ₹142 Cr | — | +6.92% | 0.12 | → |
Axis Innovation Fund | Axis Mutual Fund | 52Below Average | ₹139 Cr | 1.37% | +9.21% | 0.23 | → |
Edelweiss Emerging Markets Opportunities Equity Offshore Fund | Edelweiss Mutual Fund | 46Below Average | ₹137 Cr | 0.56% | +61.88% | 2.00 | → |
HSBC India Export Opportunities Fund | HSBC Mutual Fund | 48Insufficient History | ₹116 Cr | 1.17% | +16.59% | 0.60 | → |
Sundaram Business Cycle Fund | Sundaram Mutual Fund | 44Insufficient History | ₹115 Cr | 1.47% | +2.16% | -0.19 | → |
Kotak Special Opportunities Fund | Kotak Mahindra Mutual Fund | 34Insufficient History | ₹113 Cr | 0.95% | +14.13% | 0.45 | → |
UTI Quant Fund | UTI Mutual Fund | 41Insufficient History | ₹113 Cr | 0.52% | +0.17% | -0.42 | → |
DSP Business Cycle Fund | DSP Mutual Fund | 52Insufficient History | ₹105 Cr | 1.41% | +4.97% | -0.07 | → |
Tata India Innovation Fund | Tata Mutual Fund | 37Insufficient History | ₹98 Cr | 0.86% | +4.22% | -0.08 | → |
Axis Business Cycles Fund | Axis Mutual Fund | 57Moderate | ₹94 Cr | 1.61% | +4.58% | -0.01 | → |
ICICI Prudential ESG Exclusionary Strategy Fund | ICICI Prudential Mutual Fund | 52Below Average | ₹92 Cr | 1.14% | -2.47% | -0.62 | → |
quant ESG Integration Strategy Fund | quant Mutual Fund | 49Below Average | ₹91 Cr | 1.86% | +17.77% | 0.58 | → |
Axis ESG Integration Strategy Fund | Axis Mutual Fund | 39Low | ₹91 Cr | 1.69% | +0.31% | -0.39 | → |
ICICI Prudential Quant Fund | ICICI Prudential Mutual Fund | 56Moderate | ₹90 Cr | 1.99% | +2.87% | -0.25 | → |
Aditya Birla Sun Life International Equity Fund | Aditya Birla Sun Life Mutual Fund | 62Moderate | ₹89 Cr | 2.04% | +25.94% | 1.27 | → |
Aditya Birla Sun Life Special Opportunities Fund | Aditya Birla Sun Life Mutual Fund | 61Moderate | ₹81 Cr | 1.25% | +15.63% | 0.63 | → |
Motilal Oswal Innovation Opportunities Fund | Motilal Oswal Mutual Fund | 63Insufficient History | ₹79 Cr | 1.17% | +12.75% | 0.37 | → |
Bandhan Business Cycle Fund | Bandhan Mutual Fund | 40Insufficient History | ₹79 Cr | 0.91% | +0.45% | -0.28 | → |
Quantum Esg Best In Class Strategy Fund | Quantum Mutual Fund | 49Below Average | ₹78 Cr | 0.84% | -1.43% | -0.48 | → |
Samco Active Momentum Fund | Samco Mutual Fund | 36Insufficient History | ₹77 Cr | 1.97% | -2.39% | -0.51 | → |
quant Teck Fund | quant Mutual Fund | 28Insufficient History | ₹75 Cr | 2.20% | -11.26% | -0.80 | → |
Aditya Birla Sun Life Business Cycle Fund-Direct | Aditya Birla Sun Life Mutual Fund | 52Below Average | ₹73 Cr | 1.83% | +6.23% | 0.06 | → |
Aditya Birla Sun Life Global Emerging Opportunities Fund | Aditya Birla Sun Life Mutual Fund | 54Below Average | ₹71 Cr | 0.54% | +20.53% | 0.69 | → |
Edelweiss Business Cycle Fund | Edelweiss Mutual Fund | 31Insufficient History | ₹70 Cr | 1.38% | +1.78% | -0.24 | → |
Kotak Rural Opportunities Fund | Kotak Mahindra Mutual Fund | — | ₹69 Cr | 0.88% | — | — | → |
HSBC Business Cycles Fund | HSBC Mutual Fund | 52Below Average | ₹67 Cr | 1.15% | -2.05% | -0.42 | → |
HDFC MNC Fund | HDFC Mutual Fund | 39Low | ₹66 Cr | 1.99% | +4.73% | -0.08 | → |
Nippon India MNC Fund | Nippon India Mutual Fund | — | ₹65 Cr | 1.33% | — | — | → |
Axis Momentum Fund | Axis Mutual Fund | 33Insufficient History | ₹62 Cr | 3.01% | -2.04% | -0.42 | → |
Quantum Ethical Fund | Quantum Mutual Fund | 38Insufficient History | ₹55 Cr | 0.89% | +0.69% | -0.35 | → |
Bank of India Business Cycle Fund | Bank of India Mutual Fund | 32Insufficient History | ₹54 Cr | 1.31% | +2.63% | -0.21 | → |
Mahindra Manulife Business Cycle Fund | Mahindra Manulife Mutual Fund | 50Insufficient History | ₹51 Cr | 0.91% | +8.77% | 0.17 | → |
Kotak ESG Exclusionary Strategy Fund | Kotak Mahindra Mutual Fund | 47Below Average | ₹49 Cr | 1.14% | +1.09% | -0.28 | → |
Axis Services Opportunities Fund | Axis Mutual Fund | — | ₹49 Cr | 0.79% | — | — | → |
Tata Housing Opportunities Fund | Tata Mutual Fund | 44Below Average | ₹47 Cr | 1.19% | -2.64% | -0.51 | → |
UTI Innovation Fund | UTI Mutual Fund | 34Insufficient History | ₹44 Cr | 1.09% | -2.65% | -0.33 | → |
Motilal Oswal Special Opportunities Fund | Motilal Oswal Mutual Fund | — | ₹43 Cr | 2.87% | — | — | → |
Baroda BNP Paribas Innovation Fund Direct | Baroda BNP Paribas Mutual Fund | 48Insufficient History | ₹42 Cr | 1.43% | +9.39% | 0.28 | → |
WhiteOak Capital Digital Bharat Fund | WhiteOak Capital Mutual Fund | 35Insufficient History | ₹40 Cr | 1.47% | -0.43% | -0.24 | → |
Nippon India Quant Fund | Nippon India Mutual Fund | 59Moderate | ₹38 Cr | 0.93% | +4.80% | -0.08 | → |
Aditya Birla Sun Life ESG Integration Strategy Fund | Aditya Birla Sun Life Mutual Fund | 44Below Average | ₹36 Cr | 1.43% | +3.10% | -0.19 | → |
ICICI Prudential Global Stable Equity Fund (FOF) | ICICI Prudential Mutual Fund | 68Moderate | ₹30 Cr | 0.42% | +22.88% | 1.29 | → |
Union Active Momentum Fund | Union Mutual Fund | 35Insufficient History | ₹29 Cr | 2.49% | +8.91% | 0.22 | → |
Union Innovation & Opportunities Fund | Union Mutual Fund | 51Insufficient History | ₹27 Cr | 0.96% | +11.60% | 0.38 | → |
Invesco India ESG Integration Strategy Fund | Invesco Mutual Fund | 41Below Average | ₹22 Cr | 1.29% | -2.19% | -0.52 | → |
Baroda BNP Paribas Business Cycle Fund | Baroda BNP Paribas Mutual Fund | 50Below Average | ₹18 Cr | 1.03% | +3.69% | -0.17 | → |
Samco Special Opportunities Fund | Samco Mutual Fund | 32Insufficient History | ₹17 Cr | 1.84% | -5.77% | -0.56 | → |
Tata Quant Fund | Tata Mutual Fund | 49Below Average | ₹15 Cr | 0.91% | -100.00% | -0.96 | → |
Nippon India India Opportunities Fund - Series A | Nippon India Mutual Fund | — | ₹9 Cr | 0.64% | +35.99% | 1.39 | → |
Union Business Cycle Fund | Union Mutual Fund | 44Insufficient History | ₹8 Cr | 1.90% | +6.07% | 0.03 | → |
Mahindra Manulife Innovation Opportunities Fund | Mahindra Manulife Mutual Fund | — | ₹6 Cr | 0.80% | — | — | → |
ITI Business Cycle Fund | ITI Mutual Fund | — | ₹4 Cr | 2.00% | — | — | → |
WhiteOak Capital ESG Best-In-Class Strategy Fund | WhiteOak Capital Mutual Fund | 39Insufficient History | ₹2 Cr | 1.03% | -1.58% | -0.52 | → |
Aditya Birla Sun Life International Equity Fund - Plan B | Aditya Birla Sun Life Mutual Fund | 29Insufficient History | ₹1 Cr | — | +15.52% | 0.83 | → |
ICICI Prudential Global Advantage Fund (FOF) | ICICI Prudential Mutual Fund | 48Below Average | — | 0.64% | +33.83% | 1.77 | → |
Sbi Gold Fund | SBI Mutual Fund | 58Moderate | — | 0.25% | +42.50% | 1.03 | → |
Aditya Birla Sun Life Gold Fund | Aditya Birla Sun Life Mutual Fund | 61Moderate | — | 0.21% | +41.43% | 1.08 | → |
Axis Gold Fund | Axis Mutual Fund | 60Moderate | — | 0.19% | +42.73% | 0.99 | → |
Kotak Gold Fund | Kotak Mahindra Mutual Fund | 62Moderate | — | 0.14% | +43.28% | 1.12 | → |
Nippon India Gold Savings Fund | Nippon India Mutual Fund | 62Moderate | — | 0.05% | +42.35% | 1.17 | → |
ICICI Prudential Business Cycle Fund - Series 2 Direct Plan Cumulative | ICICI Prudential Mutual Fund | — | — | — | — | — | → |
Kotak World Gold Fund | Kotak Mahindra Mutual Fund | — | — | — | +37.36% | 1.22 | → |
ICICI Prudential Business Cycle Fund - Series 3 Direct Plan Cumulative | ICICI Prudential Mutual Fund | — | — | — | — | — | → |
NJ Momentum Fund | NJ Mutual Fund | — | — | — | — | — | → |
ICICI Prudential Business Cycle Fund - Series 1 Direct Plan Cumulative | ICICI Prudential Mutual Fund | — | — | — | — | — | → |
Direct Growth plans only · Data from AMFI India · Stability Score is a FundMatrix proprietary metric · Not investment advice