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The rate of returns delivered by <a target="_blank" href="https://mintgenie.livemint.com/mutual-funds">mutual funds</a> in the past is one of the key factors which help determine their performance. Although there are a number of other factors that collectively help investors evaluate the scheme’s performance, the returns delivered in the short, medium and long term also play a significant role at the same time.

Here we take a look at the equity saving fund.

At the outset, we first try to define what are equity savings funds.

<h2>Equity savings funds</h2>These are <a target="_blank" href="https://mintgenie.livemint.com/news/personal-finance/these-hybrid-mutual-funds-gave-up-to-26-percent-return-in-past-three-years-151655971807939">hybrid mutual funds</a> best suited for investors with a moderate risk appetite. These funds have lower risk in comparison to aggressive hybrid funds such as hybrid equity funds. Investors usually opt for them for low volatility and income.

<h2>Three-year returns</h2>As we can see in the chart below, <a target="_blank" href="https://mintgenie.livemint.com/mutual-funds/mf-details/mirae-asset-equity-savings-fund-regular-growth-MF009231">Mirae Asset Equity Savings Fund</a> gave 12.12 percent return, <a target="_blank" href="https://mintgenie.livemint.com/mutual-funds/mf-details/mahindra-manulife-equity-savings-dhan-sanchay-yojana-direct-growth-MF005740">Mahindra Manulife Equity Savings Dhan Sanchay Yojana</a> gave 11.26 percent return and <a target="_blank" href="https://mintgenie.livemint.com/mutual-funds/mf-details/sbi-equity-savings-direct-growth-MF004286">SBI Equity Savings Fund</a> gave 10.34 percent return.&nbsp;

The other fund schemes gave returns in the single digit percentage points. For instance, <a target="_blank" href="https://mintgenie.livemint.com/mutual-funds/mf-details/holdings/icici-prudential-equity-savings-fund-direct-growth-MF004275">ICICI Prudential Equity Savings Fund </a>gave 7.75 percent return and <a target="_blank" href="https://mintgenie.livemint.com/mutual-funds/mf-details/holdings/invesco-india-equity-savings-fund-regular-payout-of-income-dist-cum-capital-wtdrl-MF009755">Invesco India Equity Savings Fund</a> delivered 6.64 percent return.

<table><tbody><tr><td>MF Schemes&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>Three-year-returns (%)</td></tr><tr><td>Mirae Asset Equity Savings Fund&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>12.12</td></tr><tr><td>Mahindra Manulife Equity Savings Dhan Sanchay Yojana</td><td>11.26</td></tr><tr><td>SBI Equity Savings Fund&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>10.34</td></tr><tr><td>L&amp;T Equity Savings Fund&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>10.28</td></tr><tr><td>HDFC Equity Savings Fund&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>9.97</td></tr></tbody></table>

(Regular returns as on July 29, 2022, source: AMFI)<h2>Five-year returns</h2>In the long run, most mutual funds gave returns in the range of 5-7 percent in the past five years. For instance, <a target="_blank" href="https://mintgenie.livemint.com/mutual-funds/mf-details/holdings/idbi-equity-savings-growth-MF001636">IDBI Equity Savings Fund</a> gave 5.68 percent and <a target="_blank" href="https://mintgenie.livemint.com/mutual-funds/mf-details/tata-equity-savings-direct-plan-growth-MF003794">Tata Equity Savings Fund</a> gave 6.23 percent. Other top-performing funds gave slightly higher returns as shown in the table below.<a target="_blank" href="https://mintgenie.livemint.com/mutual-funds/mf-details/kotak-equity-savings-fund-regular-growth-MF004154">Kotak Equity Savings Fund</a> gave 7.94 percent return and <a target="_blank" href="https://mintgenie.livemint.com/mutual-funds/mf-details/holdings/edelweiss-equity-savings-fund-direct-growth-MF005924">Edelweiss Equity Savings Fund</a> delivered 7.86 percent return.

<table><tbody><tr><td>Fund scheme&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>Five-year-returns (%)</td></tr><tr><td>Kotak Equity Savings Fund&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>7.94</td></tr><tr><td>Edelweiss Equity Savings Fund&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>7.86</td></tr><tr><td>SBI Equity Savings Fund&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>7.28</td></tr><tr><td>HDFC Equity Savings Fund&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>7.37</td></tr><tr><td>Axis Equity Saver Fund&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>7.71</td></tr></tbody></table>

(Source: AMFI; regular returns as on July 29)Two of the consistent performers in this category seem to be SBI Equity Savings Fund and HDFC Equity Savings Fund.SBI Equity Savings Fund: It was launched on May 11, 2015. The fund has delivered a return of 7.89 percent as on July 31. In other words, if someone had invested ₹10,000 in the scheme at the time of inception, it would have grown to ₹17,244. Total AUM of the scheme is ₹2,374.62 crore.HDFC Equity Savings Fund: The scheme was launched on September 17, 2004. The regular returns since inception are 9.39 percent. In other words, if someone had invested ₹10,000 then, it would have swelled to ₹49,776 now.The top holdings as on June 30, 2022 are ICICI Bank, SBI, HDFC Bank, Infosys, RIL, L&amp;T, Bharti Airtel, ITC, Axis Bank and NTPC. The total AUM are ₹2,502 crore.(Note: This story is for informational purposes only. Please speak to a SEBI-registered investment advisor before making any investment related decision.)&nbsp;

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