Best Thematic Fund in India 2026
Compare all 95 Thematic Fund Direct Growth funds by stability score, returns, expense ratio and risk metrics. Independent analysis by FundMatrix.
95 Funds₹44K Cr Category AUM1.29% Avg TER2.9% Avg 1Y Return
🛡 Top by Stability Score
1Motilal Oswal Active Momentum Fund712Motilal Oswal Special Opportunities Fund693Hdfc Innovation Fund684Invesco India Business Cycle Fund665ICICI Prudential India Opportunities Fund6595 funds
| Fund Name | AMC | Stability | AUM | TER | 1Y Return | Sharpe | |
|---|---|---|---|---|---|---|---|
ICICI Prudential India Opportunities Fund | ICICI Prudential Mutual Fund | 65Moderate | ₹12K Cr | 0.91% | -1.47% | -0.52 | → |
Tata Digital India Fund | Tata Mutual Fund | 36Low | ₹5K Cr | 0.67% | -8.88% | -0.70 | → |
ICICI Prudential Business Cycle Fund | ICICI Prudential Mutual Fund | 62Moderate | ₹4K Cr | 0.97% | -4.29% | -0.66 | → |
ICICI Prudential Innovation Fund | ICICI Prudential Mutual Fund | 60Moderate | ₹2K Cr | 1.18% | +0.83% | -0.33 | → |
UTI Silver Exchange Traded Fund | UTI Mutual Fund | 52Below Average | ₹1K Cr | 0.59% | +29.42% | 0.68 | → |
Aditya Birla Sun Life Digital India Fund | Aditya Birla Sun Life Mutual Fund | 36Low | ₹1K Cr | 1.07% | -4.52% | -0.45 | → |
Franklin India Opportunities Fund | Franklin Templeton Mutual Fund | 55Moderate | ₹1K Cr | 0.92% | -0.39% | -0.37 | → |
SBI ESG Exclusionary Strategy Fund | SBI Mutual Fund | 48Below Average | ₹923 Cr | 1.42% | -4.84% | -0.67 | → |
Motilal Oswal Active Momentum Fund | Motilal Oswal Mutual Fund | 71Insufficient History | ₹892 Cr | 3.35% | +23.92% | 1.00 | → |
Icici Prudential Housing Opportunities Fund | ICICI Prudential Mutual Fund | 60Moderate | ₹792 Cr | 1.20% | -3.45% | -0.57 | → |
Sbi Mnc Fund | SBI Mutual Fund | 50Below Average | ₹658 Cr | 1.43% | +10.90% | 0.36 | → |
ICICI Prudential Rural Opportunities Fund | ICICI Prudential Mutual Fund | 42Insufficient History | ₹620 Cr | 1.20% | -8.09% | -1.01 | → |
ICICI Prudential Active Momentum Fund | ICICI Prudential Mutual Fund | 59Insufficient History | ₹604 Cr | 1.81% | +4.02% | -0.08 | → |
SBI Innovative Opportunities Fund | SBI Mutual Fund | 34Insufficient History | ₹592 Cr | 1.05% | +5.65% | 0.07 | → |
ICICI Prudential Exports & Services Fund | ICICI Prudential Mutual Fund | 62Moderate | ₹564 Cr | 1.75% | +1.36% | -0.28 | → |
quant Quantamental Fund | quant Mutual Fund | 50Below Average | ₹533 Cr | 1.62% | +6.39% | 0.12 | → |
quant Momentum Fund | quant Mutual Fund | 35Insufficient History | ₹487 Cr | 1.88% | +7.21% | 0.17 | → |
Aditya Birla Sun Life MNC Fund | Aditya Birla Sun Life Mutual Fund | 39Low | ₹479 Cr | 1.47% | -10.76% | -1.31 | → |
Hdfc Innovation Fund | HDFC Mutual Fund | 68Insufficient History | ₹474 Cr | 1.02% | +12.46% | 0.47 | → |
Kotak Active Momentum Fund | Kotak Mahindra Mutual Fund | 56Insufficient History | ₹407 Cr | 1.68% | +2.94% | -0.09 | → |
Kotak Quant Fund | Kotak Mahindra Mutual Fund | 36Low | ₹398 Cr | 1.58% | -5.01% | -0.67 | → |
Motilal Oswal Digital India Fund | Motilal Oswal Mutual Fund | 29Insufficient History | ₹361 Cr | 1.14% | +5.37% | 0.06 | → |
SBI Quant Fund | SBI Mutual Fund | 38Insufficient History | ₹350 Cr | 1.63% | -5.52% | -0.68 | → |
DSP Quant Fund | DSP Mutual Fund | 41Below Average | ₹335 Cr | 1.01% | -5.58% | -0.79 | → |
Nippon India Innovation Fund | Nippon India Mutual Fund | 49Below Average | ₹315 Cr | 0.85% | -0.41% | -0.35 | → |
Aditya Birla Sun Life Quant Fund | Aditya Birla Sun Life Mutual Fund | 39Insufficient History | ₹294 Cr | 1.25% | +1.12% | -0.22 | → |
Bandhan Innovation Fund | Bandhan Mutual Fund | 60Insufficient History | ₹274 Cr | 0.84% | +14.23% | 0.57 | → |
360 One Quant Fund | 360 ONE Mutual Fund | 49Below Average | ₹269 Cr | 1.25% | -6.70% | -0.76 | → |
quant BFSI Fund | quant Mutual Fund | 58Moderate | ₹266 Cr | 1.95% | +10.06% | 0.27 | → |
Tata Business Cycle Fund | Tata Mutual Fund | 49Below Average | ₹248 Cr | 0.89% | -3.47% | -0.55 | → |
Motilal Oswal Quant Fund | Motilal Oswal Mutual Fund | 32Insufficient History | ₹245 Cr | 1.48% | -4.68% | -0.61 | → |
HDFC Business Cycle Fund | HDFC Mutual Fund | 51Below Average | ₹238 Cr | 1.14% | -0.88% | -0.40 | → |
Kotak Special Opportunities Fund | Kotak Mahindra Mutual Fund | 41Insufficient History | ₹236 Cr | 1.01% | +13.89% | 0.47 | → |
Invesco India Business Cycle Fund | Invesco Mutual Fund | 66Insufficient History | ₹205 Cr | 0.79% | +9.06% | 0.26 | → |
Kotak MNC Fund | Kotak Mahindra Mutual Fund | 62Insufficient History | ₹204 Cr | 0.91% | +14.24% | 0.54 | → |
Nippon India Active Momentum Fund | Nippon India Mutual Fund | 63Insufficient History | ₹181 Cr | 1.22% | +5.44% | 0.03 | → |
ICICI Prudential MNC Fund | ICICI Prudential Mutual Fund | 54Below Average | ₹169 Cr | 1.19% | +1.84% | -0.26 | → |
HDFC Housing Opportunities Fund | HDFC Mutual Fund | 43Below Average | ₹166 Cr | 1.40% | -7.66% | -0.80 | → |
Kotak Business Cycle Fund | Kotak Mahindra Mutual Fund | 63Moderate | ₹161 Cr | 0.77% | +4.08% | -0.11 | → |
Axis Innovation Fund | Axis Mutual Fund | 52Below Average | ₹160 Cr | 1.34% | +11.49% | 0.33 | → |
quant Business Cycle Fund | quant Mutual Fund | 34Low | ₹155 Cr | 1.45% | +3.54% | -0.02 | → |
WhiteOak Capital Special Opportunities Fund | WhiteOak Capital Mutual Fund | 58Insufficient History | ₹154 Cr | 1.40% | +10.88% | 0.35 | → |
Axis Quant Fund | Axis Mutual Fund | 44Below Average | ₹149 Cr | 2.79% | -3.86% | -0.54 | → |
DSP Business Cycle Fund | DSP Mutual Fund | 49Insufficient History | ₹141 Cr | 1.17% | -0.37% | -0.39 | → |
HSBC India Export Opportunities Fund | HSBC Mutual Fund | 52Insufficient History | ₹127 Cr | 1.05% | +17.62% | 0.72 | → |
Sundaram Business Cycle Fund | Sundaram Mutual Fund | 44Insufficient History | ₹122 Cr | 1.17% | -1.31% | -0.36 | → |
quant ESG Integration Strategy Fund | quant Mutual Fund | 49Below Average | ₹112 Cr | 1.84% | +19.69% | 0.78 | → |
Motilal Oswal Innovation Opportunities Fund | Motilal Oswal Mutual Fund | 62Insufficient History | ₹107 Cr | 1.36% | +9.39% | 0.24 | → |
Tata India Innovation Fund | Tata Mutual Fund | 39Insufficient History | ₹101 Cr | 0.94% | +0.45% | -0.34 | → |
Aditya Birla Sun Life Special Opportunities Fund | Aditya Birla Sun Life Mutual Fund | 62Moderate | ₹100 Cr | 1.19% | +12.50% | 0.47 | → |
Axis Business Cycles Fund | Axis Mutual Fund | 56Moderate | ₹99 Cr | 1.62% | +0.58% | -0.26 | → |
ICICI Prudential ESG Exclusionary Strategy Fund | ICICI Prudential Mutual Fund | 50Below Average | ₹94 Cr | 1.14% | -8.30% | -1.04 | → |
ICICI Prudential QUANT FUND | ICICI Prudential Mutual Fund | 53Below Average | ₹93 Cr | 2.08% | -1.40% | -0.50 | → |
Axis ESG Integration Strategy Fund | Axis Mutual Fund | 41Below Average | ₹91 Cr | 1.79% | -6.70% | -0.93 | → |
Samco Active Momentum Fund | Samco Mutual Fund | 38Low | ₹87 Cr | 2.06% | +14.53% | 0.51 | → |
UTI Quant Fund | UTI Mutual Fund | 37Insufficient History | ₹86 Cr | 0.55% | -2.88% | -0.56 | → |
quant Teck Fund | quant Mutual Fund | 29Low | ₹82 Cr | 2.28% | -4.49% | -0.43 | → |
Quantum Esg Best In Class Strategy Fund | Quantum Mutual Fund | 48Below Average | ₹80 Cr | 0.83% | -5.34% | -0.71 | → |
Bandhan Business Cycle Fund | Bandhan Mutual Fund | 37Insufficient History | ₹79 Cr | 0.97% | -4.50% | -0.59 | → |
Aditya Birla Sun Life Business Cycle Fund | Aditya Birla Sun Life Mutual Fund | 52Below Average | ₹76 Cr | 1.65% | +3.90% | -0.07 | → |
HSBC Business Cycles Fund | HSBC Mutual Fund | 52Below Average | ₹70 Cr | 1.12% | +0.56% | -0.22 | → |
HDFC MNC Fund | HDFC Mutual Fund | 39Low | ₹69 Cr | 1.89% | -1.65% | -0.49 | → |
Nippon India MNC Fund | Nippon India Mutual Fund | 47Insufficient History | ₹66 Cr | 1.32% | -4.34% | -0.73 | → |
Quantum Ethical Fund | Quantum Mutual Fund | 37Insufficient History | ₹65 Cr | 0.87% | -0.40% | -0.41 | → |
Kotak Rural Opportunities Fund | Kotak Mahindra Mutual Fund | — | ₹63 Cr | 0.92% | — | — | → |
Edelweiss Business Cycle Fund | Edelweiss Mutual Fund | 30Insufficient History | ₹61 Cr | 1.24% | +0.20% | -0.28 | → |
Axis Momentum Fund | Axis Mutual Fund | 31Insufficient History | ₹57 Cr | 2.62% | -6.52% | -0.69 | → |
Bank of India Business Cycle Fund | Bank of India Mutual Fund | 33Insufficient History | ₹57 Cr | 1.36% | +3.30% | -0.17 | → |
Motilal Oswal Special Opportunities Fund | Motilal Oswal Mutual Fund | 69Insufficient History | ₹55 Cr | 2.87% | +19.14% | 0.75 | → |
Mahindra Manulife Business Cycle Fund | Mahindra Manulife Mutual Fund | 50Below Average | ₹54 Cr | 0.91% | +3.00% | -0.14 | → |
Axis Services Opportunities Fund | Axis Mutual Fund | 37Insufficient History | ₹51 Cr | 0.87% | -7.89% | -0.83 | → |
Kotak ESG Exclusionary Strategy Fund | Kotak Mahindra Mutual Fund | 46Below Average | ₹49 Cr | 1.16% | -5.69% | -0.75 | → |
Tata Housing Opportunities Fund | Tata Mutual Fund | 44Below Average | ₹48 Cr | 1.16% | -3.84% | -0.54 | → |
UTI Innovation Fund | UTI Mutual Fund | 33Insufficient History | ₹48 Cr | 1.05% | -5.07% | -0.51 | → |
WhiteOak Capital Digital Bharat Fund | WhiteOak Capital Mutual Fund | 34Insufficient History | ₹44 Cr | 1.54% | -0.20% | -0.27 | → |
Baroda BNP Paribas Innovation Fund | Baroda BNP Paribas Mutual Fund | 49Insufficient History | ₹44 Cr | 1.33% | +7.84% | 0.18 | → |
NJ Momentum Fund | NJ Mutual Fund | — | ₹44 Cr | 0.71% | — | — | → |
Nippon India Quant Fund | Nippon India Mutual Fund | 58Moderate | ₹39 Cr | 0.86% | -2.88% | -0.56 | → |
Aditya Birla Sun Life ESG Integration Strategy Fund | Aditya Birla Sun Life Mutual Fund | 45Below Average | ₹37 Cr | 1.44% | -1.77% | -0.48 | → |
Union Active Momentum Fund | Union Mutual Fund | 38Insufficient History | ₹35 Cr | 2.50% | +15.44% | 0.53 | → |
Union Innovation & Opportunities Fund | Union Mutual Fund | 53Below Average | ₹33 Cr | 0.96% | +6.94% | 0.11 | → |
Invesco India ESG Integration Strategy Fund | Invesco Mutual Fund | 41Below Average | ₹23 Cr | 1.29% | -3.10% | -0.54 | → |
Baroda BNP Paribas Business Cycle Fund | Baroda BNP Paribas Mutual Fund | 50Below Average | ₹19 Cr | 1.04% | +1.30% | -0.30 | → |
Samco Special Opportunities Fund | Samco Mutual Fund | 32Insufficient History | ₹18 Cr | 2.24% | +2.46% | -0.10 | → |
Union Business Cycle Fund | Union Mutual Fund | 45Insufficient History | ₹8 Cr | 1.89% | +1.12% | -0.24 | → |
Mahindra Manulife Innovation Opportunities Fund | Mahindra Manulife Mutual Fund | — | ₹8 Cr | 0.94% | — | — | → |
ITI Business Cycle Fund | ITI Mutual Fund | — | ₹4 Cr | 1.76% | — | — | → |
Baroda BNP Paribas ESG Best-in-Class Strategy Fund | Baroda BNP Paribas Mutual Fund | — | ₹3 Cr | — | — | — | → |
WhiteOak Capital ESG Best-In-Class Strategy Fund | WhiteOak Capital Mutual Fund | 36Insufficient History | ₹2 Cr | 1.03% | -6.29% | -0.90 | → |
Motilal Oswal Digital India Fund | Motilal Oswal Mutual Fund | 30Insufficient History | ₹1 Cr | 1.14% | +5.37% | 0.06 | → |
Axis Gold Fund | Axis Mutual Fund | 59Moderate | — | 0.30% | +13.70% | 0.36 | → |
Nippon India Gold Savings Fund | Nippon India Mutual Fund | 63Moderate | — | 0.06% | +18.31% | 0.49 | → |
Kotak Gold Fund | Kotak Mahindra Mutual Fund | 62Moderate | — | 0.15% | +18.41% | 0.49 | → |
Aditya Birla Sun Life Gold Fund | Aditya Birla Sun Life Mutual Fund | 61Moderate | — | 0.21% | +18.04% | 0.47 | → |
Sbi Gold Fund | SBI Mutual Fund | 58Moderate | — | 0.24% | +14.32% | 0.45 | → |
Direct Growth plans only · Data from AMFI India · Stability Score is a FundMatrix proprietary metric · Not investment advice