Investors often search for the best-performing mutual funds, but many shortlists rely heavily on recent returns or category-specific momentum. ETMutualFunds prepared a structured list of 10 funds across five equity categories using mean rolling returns, three year consistency, downside risk, outperformance, and asset size. The picks include SBI Equity Hybrid and Mirae Asset Aggressive Hybrid in hybrid funds, Canara Robeco Large Cap and Mirae Asset Large Cap in large caps, Parag Parikh Flexi Cap and HDFC Flexi Cap in flexi caps, Axis Midcap and Kotak Midcap in midcaps, and Axis Small Cap and SBI Small Cap in smallcaps.

Mutual funds sharply increased their equity investments last month, deploying ₹43,465 crore compared with ₹20,718 crore in October as steady inflows persisted. Apart from two sessions of ₹2,473 crore outflows, MFs remained consistent buyers. This buying support helped lift Sensex by 1,729 points to 85,707 and Nifty by 440 points to 26,203. FPIs, however, turned net sellers at ₹3,765 crore.