This fee represents a percentage of the scheme's Assets Under Management (AUM).

The Asset Management Company (AMC) charges the expense ratio before announcing the daily Net Asset Value (NAV). The company deducts this fee from the NAV before declaring the daily price. The expense ratio for each scheme is published monthly as part of the factsheet on the respective AMC's website.

Today, we bring you a list of some of the cheapest mutual funds with high returns, which investors might consider exploring. Have a look.

Parag Parikh Flexi Cap Fund - Direct Plan

• Launch Date: 24-May-2013
• Benchmark: NIFTY 500 TRI
• AUM: Rs 1,33,970 Cr ((As on 31-Jan-2026)
• NAV: Rs 90.7461
• Expense Ratio: 0.63% (As on 28-Feb-2026)
• CAGR 5 years: 18.28%
• CAGR 10 years: 18.75%
• Min. Investment: Rs 1,000
• Min. SIP Investment: Rs 1,000

ICICI Prudential Multi Asset Fund - Direct Plan

• Launch Date: 01-Jan-2013
• Benchmark: NIFTY 200 TRI (65), NIFTY Composite Debt Index (25), Domestic Price of Gold (6), MCX I-COMDEX Composite Index (3), Domestic Prices of Silver (1)
• AUM: Rs 80,768 Cr (As on 31-Jan-2026)
• NAV: Rs 889.1954
• Expense Ratio: 0.64% (As on 28-Feb-2026)
• CAGR 5 years: 19.72%
• CAGR 10 years: 17.73%
• Min. Investment: Rs 5,000
• Min. SIP Investment: Rs 100

HDFC Balanced Advantage Fund - Direct Plan

• Launch Date: 01-Jan-2013
• Benchmark: NIFTY 50 Hybrid Composite Debt 50:50 Index
• AUM: Rs 1,06,821 Cr (As on 31-Jan-2026)
• NAV: Rs 560.3450
• Expense Ratio: 0.77% (As on 28-Feb-2026)
• CAGR 5 years: 16.99%
• CAGR 10 years: 15.97%
• Min. Investment: Rs 100
• Min. SIP Investment: Rs 100

HDFC Flexi Cap Fund - Direct Plan

• Launch Date: 01-Jan-2013
• Benchmark: NIFTY 500 TRI
• AUM: Rs 97,452 Cr (As on 31-Jan-2026)
• NAV: Rs 2,181.7270
• Expense Ratio:0.70% (As on 28-Feb-2026)
• CAGR 5 years: 20.03%
• CAGR 10 years: 18.29%
• Min. Investment: Rs 100
• Min. SIP Investment: Rs 100

SBI Equity Hybrid Fund - Direct Plan

• Launch Date: 01-Jan-2013
• Benchmark: CRISIL Hybrid 35+65 Aggressive Index
• AUM: Rs 81,242 Cr (As on 31-Jan-2026)
• NAV: Rs 194.6670
• Expense Ratio: 0.70% (As on 28-Feb-2026)
• CAGR 5 years: 12.09%
• CAGR 10 years: 13.43%
• Min. Investment: Rs 1,000
• Min. SIP Investment: Rs 500

(Source: Fund card)

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)

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