Mutual Funds are a favored investment avenue for individuals aiming to enhance their wealth over the medium to long-term. They are designed to offer moderate returns while mitigating risk through a diverse asset portfolio, incorporating equities, debts, and even precious metals like gold.

This article delves into some of the top low-risk mutual funds in India, known for balancing risk and returns, catering to medium-to-long term investment goals.

Leading Low Risk Mutual Funds with Robust Downside Protection:

1. Quant Multi Asset Fund: AUM of ₹2,400 Crores, delivering a +30.59% return.
2. ICICI Prudential Equity & Debt Fund: AUM of ₹35,122 Crores, with a +22.07% return.
3. ICICI Prudential Multi Asset Fund: AUM stands at ₹41,160 Crores and a return of +21.25%.
4. Edelweiss Aggressive Hybrid Fund: AUM of ₹1,661 Crores, delivering +20.09% returns.
5. Baroda BNP Paribas Aggressive Hybrid Fund: AUM of ₹1,038 Crores, with a return rate of +19.31%.
6. Canara Robeco Equity Hybrid Fund: AUM of ₹10,153 Crores, offering a +17.34% return.
7. Mirae Asset Aggressive Hybrid Fund: AUM of ₹8,564 Crores, achieving a +16.5% return.
8. Edelweiss Balanced Advantage Fund: AUM stands at ₹11,282 Crores, with returns of +16.89%.
9. SBI Multi Asset Allocation Fund: AUM is ₹4,943 Crores, providing +16.06% returns.
10. Nippon India Balanced Advantage Fund: AUM of ₹8,043 Crores, returns posted at +13.92%.
11. ICICI Prudential Balanced Advantage Fund: A substantial AUM of ₹56,750 Crores; returned +14.1%.
12. Axis Multi Asset Allocation Fund: AUM of ₹1,197 Crores with a +14.82% return.
13. Motilal Oswal Balance Advantage Fund: Holding AUM of ₹1,233 Crores, returned +12.23%.
14. HSBC Balanced Advantage Fund: AUM of ₹1,390 Crores, with a return of +12.01%.
15. Bandhan Balanced Advantage Fund: AUM is ₹2,217 Crores; offering a +12.59% return rate.
16. Kotak Debt Hybrid Fund: Holding an AUM of ₹2,478 Crores with a +13.22% return.
17. DSP Dynamic Asset Allocation Fund: AUM stands at ₹3,126 Crores, delivering +12.21% returns.
18. ICICI Prudential Income Optimizer Fund (FOF): AUM of ₹268 Crores; accomplished +11.15% returns.
19. ICICI Prudential Regular Savings Fund: AUM of ₹3,338 Crores, providing a +10.68% return.
20. Franklin India Debt Hybrid Fund: AUM is ₹238 Crores, bringing a return of +9.11%.
21. Baroda BNP Paribas Conservative Hybrid Fund: AUM of ₹646 Crores, with returns at +9.39%.

These mutual funds showcase a stable performance, being apt for investors looking to balance risk with returns. Remember, past performance doesn't guarantee future results, so comprehensive research tailored to your risk appetite is crucial prior to investing.

Ensure to diversify your portfolio and seek advice from a financial advisor if necessary. Happy investing!

*[PFRDA]: Pension Fund Regulatory and Development Authority
*[SWIFT]: Society for Worldwide Interbank Financial Telecommunication
*[AUM]: Assets Under Management