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Mutual Funds returns

Mutual Funds returns

by | May 30, 2026 | Share Market


EQUITY – LARGE & MID CAP FUNDS

Bandhan Large & Mid Cap Fund

5

137.9

16672

1.4

0.4

5.7

21.8

17.7

15.9

0.57

HYBRID – BALANCED ADVANTAGE FUNDS

Baroda BNP Paribas Balanced Advantage Fund

5

25.3

4756

1.6

0.6

5.5

13.2

11.4

–

0.44

HYBRID – AGGRESSIVE HYBRID FUNDS

BOI AXA Mid & Small Cap Eq&Debt

5

40.5

1482

1.8

0.7

6.5

19.8

16.5

–

0.47

EQUITY – LARGE CAP FUNDS

Canara Robeco Large Cap Fund

5

59.2

16542

1.4

0.5

-4.9

10.7

10.0

13.2

0.32

EQUITY – TAX SAVING (ELSS) FUNDS

DSP ELSS Tax Saver Fund

5

134.5

16337

1.4

0.6

-3.2

16.0

13.6

15.0

0.44

HYBRID – EQUITY SAVINGS FUNDS

Edelweiss Equity Savings Fund

5

26.4

1313

2.1

1.2

6.4

10.6

9.0

9.0

0.71

EQUITY – MID CAP FUNDS

Edelweiss Mid Cap Fund

5

105.5

15911

1.8

0.6

7.6

23.9

20.0

18.7

0.57

HYBRID – BALANCED ADVANTAGE FUNDS

HDFC Balanced Advantage Fund

5

507.5

105378

1.3

0.7

-1.6

14.3

14.9

14.5

0.72

EQUITY – FLEXI CAP FUNDS

HDFC Flexi Cap Fund

5

1939.1

100479

1.3

0.7

-0.7

17.5

17.4

15.9

0.63

EQUITY – LARGE & MID CAP FUNDS

HDFC Large and Mid Cap Fund

5

332.8

28255

1.6

0.8

0.2

16.7

16.2

14.6

0.51

EQUITY – MID CAP FUNDS

HDFC Mid Cap Fund

5

199.9

94745

1.3

0.7

6.0

22.4

20.4

18.0

0.65

EQUITY – VALUE FUNDS

HSBC Value Fund

5

111.0

14873

1.7

0.7

3.4

20.4

17.7

16.2

0.54

EQUITY – DIVIDEND YIELD FUNDS

ICICI Prudential Dividend Yield Equity Fund

5

52.3

6458

1.8

0.6

1.3

19.2

19.1

16.0

0.71

HYBRID – AGGRESSIVE HYBRID FUNDS

ICICI Prudential Equity & Debt Fund

5

394.6

50368

1.5

1.0

2.0

16.2

16.6

15.5

0.76

EQUITY – LARGE & MID CAP FUNDS

ICICI Prudential Large & Mid Cap Fund

5

995.8

29757

2.0

1.2

0.3

17.9

17.8

15.6

0.63

EQUITY – LARGE CAP FUNDS

ICICI Prudential Large Cap Fund

5

105.5

75650

1.7

1.2

-3.1

13.8

13.3

13.7

0.46

EQUITY – SECTOR – PHARMA FUNDS

ICICI Prudential P.H.D Fund

5

41.4

6669

2.4

1.6

6.9

27.8

15.9

–

0.56

HYBRID – CONSERVATIVE HYBRID FUNDS

ICICI Prudential Regular Savings Fund

5

77.8

3289

1.7

1.0

3.5

9.2

8.4

9.2

0.85

EQUITY – VALUE FUNDS

ICICI Prudential Value Fund

5

454.6

59588

1.6

1.2

-2.0

16.3

16.7

14.8

0.66

EQUITY – FLEXI CAP FUNDS

JM Flexicap Fund

5

93.9

5041

2.6

1.4

-3.0

17.1

16.4

16.2

0.49

HYBRID – CONSERVATIVE HYBRID FUNDS

Kotak Debt Hybrid Fund

5

58.3

2902

1.7

0.5

-0.7

8.0

7.8

8.8

0.59

EQUITY – THEMATIC – CONSUMPTION FUNDS

Nippon India Consumption Fund

5

180.6

2443

2.0

0.7

-7.3

10.8

13.7

12.6

0.44

EQUITY – LARGE CAP FUNDS

Nippon India Large Cap Fund

5

87.7

51690

3.5

2.8

-1.8

14.1

15.3

14.4

0.52

EQUITY – SMALL CAP FUNDS

Nippon India Small Cap Fund

5

173.3

72673

1.4

0.7

4.8

19.7

20.9

20.9

0.56

EQUITY – FLEXI CAP FUNDS

Parag Parikh Flexi Cap Fund

5

82.2

140950

1.1

0.5

-0.5

14.8

14.6

16.9

0.57

HYBRID – AGGRESSIVE HYBRID FUNDS

Quant Aggressive Hybrid Fund

5

463.3

2024

2.1

0.8

11.1

15.4

14.2

15.8

0.46

EQUITY – TAX SAVING (ELSS) FUNDS

Quant ELSS Tax Saver Fund

5

398.7

12506

1.8

0.8

11.5

18.2

16.3

19.6

0.42

EQUITY – MID CAP FUNDS

Quant Mid Cap Fund

5

219.7

7905

2.9

1.8

0.2

17.8

16.9

16.9

0.47

EQUITY – SMALL CAP FUNDS

Quant Small Cap Fund

5

267.6

30374

2.0

1.1

6.6

20.8

20.5

19.3

0.49

EQUITY – TAX SAVING (ELSS) FUNDS

SBI ELSS Tax Saver Fund

5

424.7

31094

1.6

1.0

-2.0

18.8

16.9

14.5

0.56

EQUITY – SECTOR – IT FUNDS

SBI Technology Opportunities Fund

5

186.8

4240

1.9

0.9

-12.2

9.2

10.0

14.8

0.27

HYBRID – EQUITY SAVINGS FUNDS

Sundaram Equity Savings Fund

5

69.8

1079

2.2

0.8

-0.3

9.2

9.0

9.1

0.53

EQUITY – SECTOR – BANKING FUNDS

Sundaram Financial Services Opportunities

5

103.0

1613

2.1

0.8

-0.8

13.7

13.1

14.1

0.38

HYBRID – BALANCED ADVANTAGE FUNDS

Aditya Birla SL Bal Advantage

4

108.7

9182

1.5

0.6

3.4

11.4

9.7

10.8

0.49

EQUITY – LARGE & MID CAP FUNDS

Axis Large & Mid Cap Fund

4

33.2

15582

2.0

0.9

4.4

15.7

14.0

–

0.39

EQUITY – SMALL CAP FUNDS

AXIS Small Cap Fund

4

106.7

27364

1.7

0.7

3.0

16.2

16.8

18.2

0.51

EQUITY – TAX SAVING (ELSS) FUNDS

Bandhan ELSS Tax Saver Fund

4

149.5

6835

1.6

0.6

-0.4

11.9

12.5

14.7

0.40

EQUITY – VALUE FUNDS

Bandhan Value Fund

4

143.3

9907

1.5

0.6

-2.0

13.0

14.6

15.4

0.47

EQUITY – TAX SAVING (ELSS) FUNDS

Bank of India ELSS Tax Saver

4

160.7

1403

1.8

0.8

0.7

15.4

13.5

16.0

0.37

EQUITY – SMALL CAP FUNDS

Bank of India Small Cap Fund

4

51.2

2168

1.7

0.5

11.6

21.9

19.4

–

0.47

HYBRID – AGGRESSIVE HYBRID FUNDS

Baroda BNP Paribas Aggressive Hybrid Fund

4

27.6

1239

1.9

0.5

-0.7

12.2

10.3

–

0.38

EQUITY – THEMATIC – CONSUMPTION FUNDS

Baroda BNP Paribas India Consumption Fund

4

29.0

1419

1.8

0.6

-5.6

10.4

11.4

–

0.34

EQUITY – THEMATIC – CONSUMPTION FUNDS

Canara Robeco Consumption Fund

4

101.9

1901

1.8

0.7

-5.7

11.1

12.1

14.9

0.36

EQUITY – TAX SAVING (ELSS) FUNDS

Canara Robeco ELSS Tax Saver

4

172.5

8529

1.5

0.6

-0.7

12.5

11.5

14.5

0.37

EQUITY – SECTOR – PHARMA FUNDS

DSP Healthcare Fund

4

40.8

3142

1.7

0.5

7.5

22.6

14.4

–

0.44

HYBRID – AGGRESSIVE HYBRID FUNDS

Edelweiss Aggressive Hybrid Fund

4

63.2

3627

1.9

0.5

1.2

14.1

13.4

12.5

0.56

HYBRID – BALANCED ADVANTAGE FUNDS

Edelweiss Balanced Advantage Fund

4

51.5

12906

2.1

1.0

2.6

10.7

9.5

10.8

0.42

EQUITY – FLEXI CAP FUNDS

Edelweiss Flexi Cap Fund

4

37.6

3320

1.9

0.5

1.4

15.4

13.7

14.6

0.42

EQUITY – DIVIDEND YIELD FUNDS

Franklin India Dividend Yield Fund

4

136.9

2306

1.7

1.1

-0.8

14.5

14.9

15.3

0.59

EQUITY – FLEXI CAP FUNDS

Franklin India Flexi Cap Fund

4

1549.1

19049

1.4

0.8

-4.7

14.6

13.6

13.0

0.43

EQUITY – TAX SAVING (ELSS) FUNDS

HDFC ELSS Tax saver

4

1320.3

15559

1.7

1.1

-5.1

15.9

16.4

13.7

0.59

HYBRID – EQUITY SAVINGS FUNDS

HDFC Equity Savings Fund

4

66.3

5718

1.9

0.9

1.3

8.5

8.2

9.3

0.54

HYBRID – CONSERVATIVE HYBRID FUNDS

HDFC Hybrid Debt Fund

4

82.1

3261

1.7

1.2

-0.6

7.8

8.0

8.4

0.66

EQUITY – LARGE CAP FUNDS

HDFC Large Cap Fund

4

1081.0

38121

1.5

1.0

-3.8

11.1

12.0

12.7

0.40

HYBRID – BALANCED ADVANTAGE FUNDS

ICICI Prudential Balanced Advantage Fund

4

75.4

70551

1.4

0.9

3.5

11.4

10.5

10.9

0.62

EQUITY – SECTOR – IT FUNDS

ICICI Prudential Technology Fund

4

171.0

13068

2.1

1.4

-13.6

8.1

7.7

15.1

0.20

EQUITY – SECTOR – BANKING FUNDS

Invesco India Financial Services Fund

4

141.5

1673

1.8

0.7

5.7

17.9

14.3

15.2

0.40

EQUITY – MID CAP FUNDS

Invesco India Midcap Fund

4

183.2

11767

1.5

0.5

9.0

24.7

20.1

18.3

0.55

EQUITY – SMALL CAP FUNDS

Invesco India Smallcap Fund

4

42.9

11038

1.5

0.4

7.0

22.9

20.0

–

0.53

HYBRID – AGGRESSIVE HYBRID FUNDS

JM Aggressive Hybrid Fund

4

113.8

701

2.9

1.4

-3.7

14.9

13.0

11.7

0.45

EQUITY – TAX SAVING (ELSS) FUNDS

JM ELSS Tax Saver Fund

4

47.9

220

2.6

1.3

2.2

16.3

14.4

15.5

0.42

EQUITY – LARGE CAP FUNDS

JM Large Cap Fund

4

147.6

422

2.8

1.3

-1.6

12.1

11.3

10.7

0.34

HYBRID – AGGRESSIVE HYBRID FUNDS

Kotak Aggressive Hybrid Fund

4

62.8

8642

1.8

0.5

3.1

13.3

12.0

12.7

0.46

HYBRID – EQUITY SAVINGS FUNDS

Kotak Equity Savings Fund

4

26.9

10032

1.7

0.7

4.7

10.0

9.5

9.2

0.67

EQUITY – LARGE CAP FUNDS

Kotak Large Cap Fund

4

547.0

10599

1.7

0.7

-3.0

11.3

10.7

12.1

0.34

EQUITY – MID CAP FUNDS

Mahindra Manulife Mid Cap Fund

4

35.5

4688

1.6

0.4

9.5

23.7

19.1

–

0.54

EQUITY – TAX SAVING (ELSS) FUNDS

Mirae Asset ELSS Tax Saver Fund

4

48.5

25267

1.4

0.6

1.8

14.3

12.3

16.6

0.38

HYBRID – EQUITY SAVINGS FUNDS

Mirae Asset Equity Savings Fund

4

20.7

1918

1.2

0.3

3.8

9.9

8.8

–

0.54

EQUITY – MID CAP FUNDS

Motilal Oswal Midcap Fund

4

92.2

35735

1.6

0.8

-8.0

18.5

22.1

16.4

0.58

EQUITY – SECTOR – BANKING FUNDS

Nippon India Banking & Financial Services

4

619.1

7470

2.0

1.2

-0.6

13.2

13.8

13.6

0.41

EQUITY – MID CAP FUNDS

Nippon India Growth Mid Cap Fund

4

4384.4

45820

1.5

0.8

8.4

23.9

21.3

18.8

0.63

EQUITY – VALUE FUNDS

Nippon India Value Fund

4

220.2

8919

1.8

1.1

-1.4

18.5

16.2

15.9

0.51

EQUITY – FLEXI CAP FUNDS

PGIM India Flexi Cap Fund

4

35.1

5793

1.9

0.6

-0.5

9.8

9.3

13.5

0.27

EQUITY – LARGE & MID CAP FUNDS

Quant Large & Mid Cap Fund

4

123.3

3249

2.0

0.7

6.7

19.1

16.4

16.0

0.44

HYBRID – CONSERVATIVE HYBRID FUNDS

SBI Conservative Hybrid Fund

4

75.3

9754

1.5

1.1

4.4

9.0

8.8

8.7

0.82

EQUITY – LARGE & MID CAP FUNDS

SBI Large & Midcap Fund

4

631.4

38426

1.7

1.0

5.0

15.3

14.8

14.9

0.51

EQUITY – LARGE CAP FUNDS

SBI Large Cap Fund

4

91.2

53468

1.5

0.8

-0.2

10.8

11.1

11.9

0.37

EQUITY – FLEXI CAP FUNDS

Union Flexi Cap Fund

4

49.6

2294

1.7

0.8

-1.0

12.5

11.9

12.8

0.36

HYBRID – AGGRESSIVE HYBRID FUNDS

UTI Aggressive Hybrid Fund

4

395.2

6524

1.9

1.2

-1.4

13.0

12.3

11.8

0.52

HYBRID – EQUITY SAVINGS FUNDS

UTI Equity Savings Fund

4

18.6

820

1.7

0.8

2.3

8.8

8.5

–

0.59

EQUITY – LARGE & MID CAP FUNDS

UTI Large & Mid Cap Fund

4

179.3

5896

1.9

1.0

2.2

18.9

15.8

14.1

0.54

EQUITY – SECTOR – BANKING FUNDS

Aditya Birla SL Bank & Fin Serv

3

60.0

3541

1.7

0.9

0.0

11.8

11.0

12.8

0.30

EQUITY – THEMATIC – CONSUMPTION FUNDS

Aditya Birla Sun Life Consumption Fund

3

196.9

5996

1.6

0.7

-6.8

9.8

11.1

13.5

0.33

EQUITY – FLEXI CAP FUNDS

Aditya Birla Sun Life Flexi Cap Fund

3

1847.0

25632

1.4

0.7

4.8

16.4

12.9

14.1

0.39

EQUITY – LARGE CAP FUNDS

Aditya Birla Sun Life Large Cap Fund

3

500.2

28970

1.4

0.8

-3.8

11.3

11.1

11.8

0.35

HYBRID – CONSERVATIVE HYBRID FUNDS

Aditya Birla Sun Life Regular Savings Fund

3

68.8

1479

1.5

0.8

3.5

8.2

7.9

8.3

0.66

HYBRID – BALANCED ADVANTAGE FUNDS

Axis Balanced Advantage Fund

3

20.9

3764

1.9

0.6

0.1

11.7

9.9

–

0.49

HYBRID – EQUITY SAVINGS FUNDS

Axis Equity Savings Fund

3

22.4

866

2.3

1.0

2.0

8.7

7.6

8.2

0.40

EQUITY – MID CAP FUNDS

Axis Midcap Fund

3

116.2

32276

1.6

0.5

5.4

17.9

15.0

17.0

0.44

HYBRID – AGGRESSIVE HYBRID FUNDS

Bandhan Aggressive Hybrid Fund

3

26.6

1919

1.8

0.5

5.8

14.1

12.1

–

0.43

EQUITY – FLEXI CAP FUNDS

Bandhan Flexi Cap Fund

3

203.2

7285

1.5

0.9

-0.7

13.4

11.4

10.9

0.36

EQUITY – LARGE CAP FUNDS

Bandhan Large Cap Fund

3

75.0

2007

1.8

0.8

-0.4

13.1

11.5

12.4

0.36

EQUITY – LARGE & MID CAP FUNDS

BOI Large & Mid Cap Equity Fund

3

89.4

468

2.1

1.0

3.1

15.6

13.3

12.7

0.41

EQUITY – TAX SAVING (ELSS) FUNDS

Baroda BNP Paribas ELSS Tax Saver Fund

3

96.0

887

2.0

0.9

2.8

16.6

12.6

12.6

0.37

EQUITY – LARGE CAP FUNDS

Baroda BNP Paribas Large Cap Fund

3

215.8

2579

1.7

0.7

-1.4

13.1

11.8

12.4

0.38

EQUITY – MID CAP FUNDS

Baroda BNP Paribas Mid Cap Fund

3

109.1

2389

1.7

0.5

10.0

21.1

17.2

15.9

0.51

HYBRID – CONSERVATIVE HYBRID FUNDS

Canara Robeco Conservative Hybrid Fund

3

96.6

864

1.5

0.6

-0.3

6.7

6.2

7.7

0.41

HYBRID – AGGRESSIVE HYBRID FUNDS

Canara Robeco Equity Hybrid Fund

3

356.0

11024

1.5

0.5

-0.1

11.2

10.1

12.3

0.38

EQUITY – FLEXI CAP FUNDS

Canara Robeco Flexi Cap Fund

3

328.3

13083

1.5

0.5

-1.4

12.0

11.1

13.9

0.35

EQUITY – LARGE & MID CAP FUNDS

Canara Robeco Large and Mid Cap Fund

3

241.9

24675

1.4

0.5

-4.2

13.2

12.2

15.0

0.38

HYBRID – AGGRESSIVE HYBRID FUNDS

DSP Aggressive Hybrid Fund

3

340.9

11582

1.5

0.6

-4.8

11.9

10.0

11.8

0.36

HYBRID – BALANCED ADVANTAGE FUNDS

DSP Dynamic Asset Allocation Fund

3

28.0

3661

1.6

0.6

2.1

10.4

8.1

8.7

0.43

HYBRID – EQUITY SAVINGS FUNDS

DSP Equity Savings Fund

3

22.0

3541

1.3

0.6

1.1

8.7

7.7

7.9

0.59

EQUITY – FLEXI CAP FUNDS

DSP Flexi Cap Fund

3

98.9

11769

1.5

0.6

-3.3

13.3

11.2

14.0

0.32

EQUITY – LARGE & MID CAP FUNDS

DSP Large & Mid Cap Fund

3

601.6

17331

1.4

0.5

-1.9

16.9

13.4

14.7

0.43

HYBRID – CONSERVATIVE HYBRID FUNDS

DSP Regular Savings Fund

3

59.9

179

1.0

0.5

2.2

8.8

7.3

7.1

0.56

EQUITY – SMALL CAP FUNDS

DSP Small Cap Fund

3

205.9

17906

1.4

0.6

7.0

19.4

18.4

16.6

0.48

EQUITY – LARGE & MID CAP FUNDS

Edelweiss Large & Mid Cap Fund

3

87.0

4531

1.9

0.5

2.6

15.9

14.0

14.5

0.44

EQUITY – LARGE CAP FUNDS

Edelweiss Large Cap Fund

3

80.5

1439

2.1

0.7

-3.0

10.9

10.9

12.3

0.34

HYBRID – AGGRESSIVE HYBRID FUNDS

Franklin India Aggressive Hybrid Fund

3

260.2

2306

1.7

0.8

-3.4

11.7

10.2

10.7

0.39

HYBRID – CONSERVATIVE HYBRID FUNDS

Franklin India Conservative Hybrid Fund

3

90.8

188

1.2

0.6

0.3

7.8

6.7

7.0

0.44

EQUITY – TAX SAVING (ELSS) FUNDS

Franklin India ELSS Tax Saver Fund

3

1380.0

6106

1.6

0.9

-6.0

14.1

13.1

12.3

0.41

EQUITY – LARGE CAP FUNDS

Franklin India Large Cap Fund

3

974.1

7236

1.5

1.0

-2.8

10.9

8.6

10.4

0.28

EQUITY – SECTOR – IT FUNDS

Franklin India Technology Fund

3

449.2

1648

1.8

1.0

-10.4

13.2

9.7

14.4

0.24

HYBRID – AGGRESSIVE HYBRID FUNDS

HDFC Hybrid Equity Fund

3

110.0

22297

1.6

1.0

-6.9

7.1

9.0

10.7

0.34

EQUITY – SMALL CAP FUNDS

HDFC Small Cap Fund

3

132.6

38168

1.5

0.7

-1.8

14.5

16.9

17.4

0.48

EQUITY – VALUE FUNDS

HDFC Value Fund

3

740.0

7324

1.8

1.0

2.3

16.9

14.8

13.9

0.47

HYBRID – BALANCED ADVANTAGE FUNDS

HSBC Balanced Advantage Fund

3

42.7

1506

2.1

0.8

-0.2

9.1

7.8

8.1

0.35

HYBRID – CONSERVATIVE HYBRID FUNDS

HSBC Conservative Hybrid Fund

3

62.5

146

2.1

1.2

1.6

8.8

7.4

7.4

0.42

HYBRID – EQUITY SAVINGS FUNDS

HSBC Equity Savings Fund

3

36.0

905

5.5

4.7

11.0

13.3

11.1

9.4

0.51

EQUITY – FLEXI CAP FUNDS

HSBC Flexi Cap Fund

3

222.7

5405

2.3

1.5

4.3

17.8

14.5

13.1

0.40

EQUITY – SECTOR – BANKING FUNDS

ICICI Pru Banking & Financial Services Fund

3

126.2

10589

2.2

1.4

-5.0

10.0

9.7

13.1

0.29

EQUITY – TAX SAVING (ELSS) FUNDS

ICICI Pru Long Term Equity

3

895.8

13911

1.7

1.1

-2.4

12.9

12.0

12.9

0.40

EQUITY – MID CAP FUNDS

ICICI Prudential Midcap Fund

3

337.5

7557

1.8

1.0

17.4

26.1

19.5

17.6

0.59

EQUITY – SMALL CAP FUNDS

ICICI Prudential Smallcap Fund

3

85.9

8741

1.8

0.8

0.5

14.3

15.9

16.1

0.52

HYBRID – BALANCED ADVANTAGE FUNDS

Invesco India Balanced Advantage Fund

3

51.2

1024

1.8

0.7

-3.3

9.1

8.0

9.1

0.30

EQUITY – LARGE & MID CAP FUNDS

Invesco India Large & Mid Cap Fund

3

100.4

9761

1.5

0.5

5.5

22.3

17.1

15.9

0.48

EQUITY – LARGE CAP FUNDS

Invesco India Largecap Fund

3

68.0

1722

1.8

0.7

-0.3

14.2

12.3

12.4

0.38

EQUITY – VALUE FUNDS

JM Value Fund

3

91.4

826

3.0

1.8

-6.3

16.4

15.6

15.7

0.45

HYBRID – BALANCED ADVANTAGE FUNDS

Kotak Balanced Advantage Fund

3

20.5

17184

1.7

0.6

0.2

9.4

8.7

–

0.40

EQUITY – TAX SAVING (ELSS) FUNDS

Kotak ELSS Tax Saver Fund

3

110.8

6112

1.8

0.7

-2.8

12.0

12.2

13.9

0.37

EQUITY – FLEXI CAP FUNDS

Kotak Flexicap Fund

3

83.3

54839

1.4

0.6

-0.3

13.7

12.0

13.5

0.37

EQUITY – LARGE & MID CAP FUNDS

Kotak Large & Midcap Fund

3

337.6

30251

1.6

0.6

1.5

15.6

14.5

15.1

0.45

EQUITY – MID CAP FUNDS

Kotak Midcap Fund

3

139.1

63539

1.4

0.4

7.2

20.4

17.8

17.7

0.53

EQUITY – SMALL CAP FUNDS

Kotak Small Cap Fund

3

253.8

17416

1.7

0.6

-1.5

13.8

13.7

16.5

0.39

EQUITY – DIVIDEND YIELD FUNDS

LIC MF Dividend Yield Fund

3

31.0

661

2.5

1.1

1.3

20.0

15.8

–

0.47

EQUITY – TAX SAVING (ELSS) FUNDS

Mahindra Manulife ELSS Tax Saver Fund

3

26.5

889

2.0

0.6

-6.0

9.8

10.7

–

0.34

HYBRID – EQUITY SAVINGS FUNDS

Mahi Manu Eq Sav Dhan San Yojana

3

20.9

531

2.1

0.7

3.2

9.0

7.9

–

0.42

HYBRID – AGGRESSIVE HYBRID FUNDS

Mirae Asset Aggressive Hybrid Fund

3

32.4

9363

1.5

0.4

2.5

11.6

10.4

12.2

0.39

EQUITY – THEMATIC – CONSUMPTION FUNDS

Mirae Asset Great Consumer Fund

3

87.0

4455

1.6

0.4

-3.3

11.2

13.0

14.9

0.37

EQUITY – SECTOR – PHARMA FUNDS

Mirae Asset Healthcare Fund

3

41.8

2939

1.7

0.5

13.6

25.4

14.5

–

0.47

EQUITY – LARGE & MID CAP FUNDS

Mirae Asset Large & Midcap Fund

3

150.7

42338

1.3

0.5

3.3

15.0

12.3

16.8

0.37

EQUITY – LARGE CAP FUNDS

Mirae Asset Large Cap Fund

3

107.7

38239

1.3

0.5

-3.0

9.6

9.5

12.5

0.29

EQUITY – TAX SAVING (ELSS) FUNDS

Motilal Oswal ELSS Tax Saver Fund

3

53.5

4659

2.0

0.8

4.0

22.5

18.3

16.8

0.45

HYBRID – BALANCED ADVANTAGE FUNDS

Nippon India Balanced Advantage Fund

3

177.3

9620

2.0

0.9

1.4

10.7

9.3

10.7

0.47

EQUITY – SECTOR – PHARMA FUNDS

Nippon India Pharma Fund

3

533.2

8365

2.3

1.5

5.4

22.8

12.8

14.9

0.43

EQUITY – LARGE & MID CAP FUNDS

Nippon India Vision Large & Mid Cap Fund

3

1456.8

7081

1.8

1.1

1.5

18.0

15.7

13.2

0.49

EQUITY – MID CAP FUNDS

PGIM India Midcap Fund

3

63.4

10738

2.0

0.8

1.2

12.3

12.8

15.6

0.38

EQUITY – TAX SAVING (ELSS) FUNDS

Quantum ELSS Tax Saver Fund

3

116.5

209

2.1

0.9

-6.1

12.4

10.8

11.2

0.38

EQUITY – SECTOR – BANKING FUNDS

SBI Banking & Financial Services Fund

3

42.4

10375

2.0

1.1

3.0

16.0

12.4

15.3

0.35

EQUITY – THEMATIC – CONSUMPTION FUNDS

SBI Consumption Opportunities Fund

3

277.9

2933

2.5

1.5

-8.9

8.4

12.8

13.6

0.41

HYBRID – AGGRESSIVE HYBRID FUNDS

SBI Equity Hybrid Fund

3

309.6

83353

1.3

0.7

4.4

13.6

11.4

12.3

0.47

HYBRID – EQUITY SAVINGS FUNDS

SBI Equity Savings Fund

3

24.3

5700

2.6

2.0

2.6

9.8

8.3

8.5

0.51

EQUITY – FLEXI CAP FUNDS

SBI Flexicap Fund

3

105.4

22403

2.3

1.5

-0.2

9.6

9.5

12.0

0.30

EQUITY – SECTOR – PHARMA FUNDS

SBI Healthcare Opportunities Fund

3

459.3

4323

1.9

0.9

9.9

24.9

15.5

12.8

0.54

EQUITY – MID CAP FUNDS

SBI Midcap Fund

3

234.6

23247

1.6

0.9

0.4

14.2

15.6

14.0

0.49

HYBRID – AGGRESSIVE HYBRID FUNDS

Sundaram Aggressive Hybrid Fund

3

155.1

8484

1.7

0.7

-3.0

10.0

9.6

11.7

0.36

EQUITY – TAX SAVING (ELSS) FUNDS

Sundaram ELSS Tax Saver Fund

3

483.9

1296

2.2

1.6

-3.3

11.5

11.5

13.2

0.38

EQUITY – MID CAP FUNDS

Sundaram Mid Cap Fund

3

1442.1

13378

1.7

0.9

7.0

23.0

19.1

15.2

0.56

EQUITY – SMALL CAP FUNDS

Sundaram Small Cap Fund

3

276.2

3563

1.9

0.9

10.1

19.7

17.9

15.0

0.47

HYBRID – AGGRESSIVE HYBRID FUNDS

Tata Aggressive Hybrid Fund

3

426.1

3865

1.6

0.8

-1.1

8.6

9.5

9.6

0.35

EQUITY – SECTOR – BANKING FUNDS

Tata Banking and Financial Services Fund

3

42.1

3043

1.7

0.5

-0.6

12.5

11.4

14.2

0.32

EQUITY – TAX SAVING (ELSS) FUNDS

Tata ELSS Fund

3

45.0

4519

1.6

0.7

3.1

14.7

13.2

13.8

0.41

EQUITY – FLEXI CAP FUNDS

Tata Flexi Cap Fund

3

23.3

3633

1.6

0.6

-2.4

13.0

10.7

–

0.34

EQUITY – THEMATIC – CONSUMPTION FUNDS

Tata India Consumer Fund

3

43.7

2591

1.7

0.7

2.1

14.7

14.3

15.9

0.41

EQUITY – LARGE CAP FUNDS

Tata Large Cap Fund

3

494.4

2688

1.7

0.8

-0.4

11.9

11.2

11.7

0.36

EQUITY – MID CAP FUNDS

Tata Mid Cap Fund

3

446.5

5604

1.6

0.6

7.6

19.3

16.7

16.3

0.50

EQUITY – SMALL CAP FUNDS

Tata Small Cap Fund

3

35.5

11330

1.5

0.4

-8.8

11.7

15.2

–

0.42

EQUITY – VALUE FUNDS

Templeton India Value Fund

3

687.8

2150

1.7

0.8

-2.8

13.3

15.2

14.0

0.52

HYBRID – BALANCED ADVANTAGE FUNDS

Union Balanced Advantage Fund

3

19.8

1241

1.9

0.9

-0.6

7.8

6.9

–

0.27

EQUITY – TAX SAVING (ELSS) FUNDS

Union ELSS Tax Saver Fund

3

62.9

841

2.0

1.2

-0.5

12.3

12.5

12.6

0.39

EQUITY – SMALL CAP FUNDS

Union Small Cap Fund

3

54.0

1980

1.8

0.8

17.0

20.3

18.1

16.3

0.45

EQUITY – VALUE FUNDS

Union Value Fund

3

27.8

373

2.1

1.1

0.9

15.6

14.2

–

0.46

HYBRID – CONSERVATIVE HYBRID FUNDS

UTI Conservative Hybrid Fund

3

69.2

1652

2.0

1.4

-0.5

7.7

7.9

7.7

0.59

EQUITY – DIVIDEND YIELD FUNDS

UTI Dividend Yield Fund

3

172.1

3750

2.4

1.9

-0.8

16.4

13.6

14.0

0.47

EQUITY – LARGE CAP FUNDS

UTI Large Cap Fund

3

255.8

12053

1.9

1.2

-5.5

8.8

8.6

11.2

0.26

EQUITY – VALUE FUNDS

UTI Value Fund

3

159.8

9433

2.1

1.5

-3.0

14.8

12.8

13.3

0.42

EQUITY – SECTOR – IT FUNDS

Aditya Birla Sun Life Digital India Fund

2

145.8

3799

1.6

0.8

-13.8

6.1

6.7

14.6

0.17

EQUITY – DIVIDEND YIELD FUNDS

Aditya Birla Sun Life Dividend Yield Fund

2

451.2

1475

1.8

1.1

2.9

16.8

15.6

13.2

0.51

HYBRID – AGGRESSIVE HYBRID FUNDS

Aditya Birla Sun Life Equity Hybrid ’95 Fund

2

1479.3

6999

1.5

0.9

-1.4

10.8

9.2

9.8

0.30

HYBRID – EQUITY SAVINGS FUNDS

Aditya Birla Sun Life Equity Savings Fund

2

22.8

1087

0.9

0.5

4.8

8.3

6.8

7.8

0.33

EQUITY – MID CAP FUNDS

Aditya Birla Sun Life Midcap Fund

2

805.1

6290

1.6

0.9

5.1

18.9

16.5

13.9

0.48

EQUITY – VALUE FUNDS

Aditya Birla Sun Life Value Fund

2

131.5

6388

1.6

0.9

6.4

18.8

14.8

12.8

0.39

HYBRID – CONSERVATIVE HYBRID FUNDS

Axis Conservative Hybrid Fund

2

30.0

218

2.2

1.1

-0.5

5.8

5.5

6.3

0.27

EQUITY – FLEXI CAP FUNDS

Axis Flexi Cap Fund

2

26.0

12546

1.7

0.6

-0.4

12.7

9.8

–

0.27

HYBRID – BALANCED ADVANTAGE FUNDS

Bandhan Balanced Advantage Fund

2

24.5

2209

1.7

0.6

2.4

9.3

7.9

8.6

0.30

HYBRID – BALANCED ADVANTAGE FUNDS

Bank of India Balanced Advantage Fund

2

25.6

153

2.1

1.1

4.2

9.7

10.1

7.2

0.42

HYBRID – CONSERVATIVE HYBRID FUNDS

Baroda BNP Paribas Conser Hybrid

2

45.7

811

1.8

0.5

2.1

7.5

6.3

7.0

0.39

EQUITY – SECTOR – BANKING FUNDS

Baroda BNP Paribas Bank&Fin Serv

2

46.8

389

2.1

0.7

-1.2

13.1

10.9

11.9

0.29

EQUITY – LARGE CAP FUNDS

DSP Large Cap Fund

2

447.0

7192

1.5

0.7

-5.5

13.1

10.9

11.2

0.36

EQUITY – TAX SAVING (ELSS) FUNDS

Edelweiss Long Term Equity

2

111.5

437

2.4

0.8

3.3

14.2

12.6

12.4

0.39

HYBRID – EQUITY SAVINGS FUNDS

Franklin India Equity Savings Fund

2

16.7

633

1.0

0.3

2.7

7.4

7.0

–

0.45

EQUITY – LARGE & MID CAP FUNDS

Franklin India Large & Mid Cap Fund

2

182.6

3399

1.7

1.1

-1.6

13.7

11.5

11.3

0.36

EQUITY – MID CAP FUNDS

Franklin India Mid Cap Fund

2

2682.1

12102

1.5

0.9

-0.6

18.7

15.1

14.4

0.44

EQUITY – SMALL CAP FUNDS

Franklin India Small Cap Fund

2

170.0

13850

1.5

0.8

-0.5

17.2

18.0

15.2

0.48

HYBRID – AGGRESSIVE HYBRID FUNDS

HSBC Aggressive Hybrid Fund

2

56.6

5424

1.9

0.8

5.4

13.6

10.9

11.1

0.32

EQUITY – TAX SAVING (ELSS) FUNDS

HSBC ELSS Tax saver Fund

2

135.2

3939

2.1

1.3

2.4

16.9

13.9

13.5

0.38

EQUITY – LARGE CAP FUNDS

HSBC Large Cap Fund

2

454.6

1784

2.1

1.2

-1.6

10.9

10.0

11.7

0.30

EQUITY – SMALL CAP FUNDS

HSBC Small Cap Fund

2

82.2

16394

1.8

0.7

3.0

16.8

18.6

18.5

0.46

HYBRID – EQUITY SAVINGS FUNDS

ICICI Prudential Equity Savings Fund

2

22.9

16868

1.6

1.1

2.3

7.3

7.2

7.9

0.86

HYBRID – AGGRESSIVE HYBRID FUNDS

Invesco India Aggressive Hybrid Fund

2

20.6

762

2.0

0.7

-8.2

11.1

9.6

–

0.32

EQUITY – TAX SAVING (ELSS) FUNDS

Invesco India ELSS Tax Saver Fund

2

116.3

2542

1.7

0.8

-6.3

12.7

10.0

12.6

0.28

EQUITY – LARGE & MID CAP FUNDS

LIC MF Large & Midcap Fund

2

37.2

2958

3.5

2.3

-3.4

15.3

12.8

14.3

0.39

EQUITY – LARGE CAP FUNDS

LIC MF Large Cap Fund

2

51.4

1352

3.6

2.4

-7.7

7.8

7.7

10.0

0.22

EQUITY – FLEXI CAP FUNDS

Motilal Oswal Flexi Cap Fund

2

57.0

12770

1.9

1.1

-5.5

18.3

11.9

12.3

0.32

HYBRID – AGGRESSIVE HYBRID FUNDS

Navi Aggressive Hybrid Fund

2

20.9

111

2.1

0.5

4.4

11.3

10.5

–

0.38

EQUITY – FLEXI CAP FUNDS

Navi Flexi Cap Fund

2

23.6

260

2.1

0.5

6.4

11.7

11.4

–

0.34

HYBRID – AGGRESSIVE HYBRID FUNDS

Nippon India Aggressive Hybrid Fund

2

103.8

3958

2.1

1.3

0.5

12.3

11.8

9.7

0.45

EQUITY – TAX SAVING (ELSS) FUNDS

Nippon India ELSS Tax Saver Fund

2

128.7

14742

1.9

1.2

1.6

16.0

14.3

11.3

0.45

EQUITY – TAX SAVING (ELSS) FUNDS

PGIM India ELSS Tax Saver Fund

2

32.5

700

2.4

0.9

-5.0

8.0

9.8

12.2

0.31

EQUITY – SMALL CAP FUNDS

SBI Small Cap Fund

2

168.1

37141

1.6

0.9

-0.2

12.7

13.7

17.8

0.41

HYBRID – BALANCED ADVANTAGE FUNDS

Sundaram Balanced Advantage Fund

2

34.2

1658

2.1

0.7

-1.9

8.3

7.6

7.3

0.31

EQUITY – THEMATIC – CONSUMPTION FUNDS

Sundaram Consumption Fund

2

87.6

1428

2.1

1.3

-8.4

10.6

11.3

11.6

0.35

EQUITY – LARGE & MID CAP FUNDS

Sundaram Large and Mid Cap Fund

2

85.1

6575

1.8

0.8

2.6

14.1

13.4

14.2

0.39

EQUITY – SECTOR – PHARMA FUNDS

Tata India Pharma & Healthcare Fund

2

31.2

1325

1.8

0.7

6.5

22.8

13.6

12.7

0.44

EQUITY – LARGE & MID CAP FUNDS

Tata Large & Mid Cap Fund

2

484.6

7802

1.5

0.6

-6.2

8.9

10.8

12.4

0.33

EQUITY – VALUE FUNDS

Tata Value Fund

2

339.8

8592

1.5

0.7

-0.1

15.2

14.6

14.7

0.48

EQUITY – MID CAP FUNDS

Taurus Mid Cap Fund

2

116.8

123

2.1

1.7

-2.9

12.8

12.2

14.8

0.33

HYBRID – EQUITY SAVINGS FUNDS

Union Equity Savings Fund

2

16.9

142

1.7

1.3

1.9

6.9

6.1

–

0.30

EQUITY – LARGE CAP FUNDS

Union Largecap Fund

2

22.6

439

2.1

1.3

-2.7

9.5

9.5

–

0.29

EQUITY – SECTOR – BANKING FUNDS

UTI Banking and Financial Services Fund

2

185.2

1350

4.4

3.4

-1.1

12.1

11.0

10.9

0.31

EQUITY – TAX SAVING (ELSS) FUNDS

UTI ELSS Tax Saver Fund

2

194.3

3438

2.1

1.2

-4.7

10.2

9.5

11.6

0.27

EQUITY – FLEXI CAP FUNDS

UTI Flexi Cap Fund

2

295.6

22168

1.6

1.0

-7.1

7.3

5.9

11.2

0.14

EQUITY – THEMATIC – CONSUMPTION FUNDS

UTI India Consumer Fund

2

54.1

674

2.5

1.7

-3.3

10.3

10.5

10.8

0.29

EQUITY – MID CAP FUNDS

UTI Mid Cap Fund

2

300.4

11680

2.1

1.3

1.9

15.2

14.1

14.1

0.40

EQUITY – TAX SAVING (ELSS) FUNDS

Aditya Birla Sun Life ELSS Tax Saver Fund

1

59.7

14378

1.5

0.8

1.1

13.3

8.8

10.5

0.26

EQUITY – LARGE & MID CAP FUNDS

Aditya Birla Sun Life Large & Mid Cap Fund

1

901.8

5648

1.6

0.9

1.6

13.1

9.5

11.7

0.24

EQUITY – SMALL CAP FUNDS

Aditya Birla Sun Life Small Cap Fund

1

91.3

5253

1.6

0.8

8.8

17.7

13.9

13.3

0.36

HYBRID – AGGRESSIVE HYBRID FUNDS

Axis Aggressive Hybrid Fund

1

19.9

1451

2.3

1.2

-1.7

9.2

7.9

–

0.26

EQUITY – TAX SAVING (ELSS) FUNDS

Axis ELSS Tax Saver Fund

1

91.8

31566

1.9

1.2

-3.4

10.5

7.5

11.5

0.18

EQUITY – LARGE CAP FUNDS

Axis Large Cap Fund

1

56.9

30498

1.6

0.7

-4.6

8.8

7.0

11.4

0.18

HYBRID – CONSERVATIVE HYBRID FUNDS

Bandhan Conservative Hybrid Fund

1

32.1

98

1.7

0.8

-0.2

6.0

5.1

6.3

0.23

HYBRID – EQUITY SAVINGS FUNDS

Bandhan Equity Savings Fund

1

31.8

389

0.9

0.2

2.8

6.7

6.3

6.3

0.51

EQUITY – MID CAP FUNDS

DSP Midcap Fund

1

149.1

19459

1.4

0.6

4.1

18.5

12.7

14.8

0.37

EQUITY – LARGE CAP FUNDS

Groww Largecap Fund

1

41.7

128

2.7

1.4

-0.7

11.0

10.1

10.8

0.29

EQUITY – MID CAP FUNDS

HSBC Midcap Fund

1

446.0

13387

3.6

2.5

19.3

27.4

19.5

17.8

0.49

HYBRID – AGGRESSIVE HYBRID FUNDS

LIC MF Aggressive Hybrid Fund

1

191.9

509

2.4

1.3

-1.8

10.5

8.8

9.2

0.30

EQUITY – SECTOR – BANKING FUNDS

LIC MF Banking & Financial Services Fund

1

20.4

262

2.4

1.2

-0.6

7.8

9.2

9.2

0.26

EQUITY – TAX SAVING (ELSS) FUNDS

LIC MF ELSS Tax Saver

1

140.5

994

2.2

1.0

-6.8

10.0

10.4

11.6

0.32

EQUITY – FLEXI CAP FUNDS

LIC MF Flexi Cap Fund

1

97.2

973

3.5

2.4

4.1

11.6

10.3

10.1

0.29

EQUITY – MID CAP FUNDS

LIC MF Midcap Fund

1

29.4

347

2.4

1.3

2.0

19.0

14.6

–

0.39

EQUITY – SMALL CAP FUNDS

LIC MF Small Cap Fund

1

31.9

660

2.8

1.5

7.3

18.0

18.1

–

0.45

EQUITY – VALUE FUNDS

LIC MF Value Fund

1

26.4

208

3.1

1.8

12.0

16.6

13.7

–

0.36

EQUITY – THEMATIC – CONSUMPTION FUNDS

Mahindra Manulife Consumption Fund

1

20.9

504

2.1

0.6

-5.0

10.0

10.7

–

0.32

HYBRID – BALANCED ADVANTAGE FUNDS

Motilal Oswal Balanced Advantage Fund

1

18.2

734

2.4

1.1

-3.6

5.5

4.4

–

0.08

EQUITY – LARGE & MID CAP FUNDS

Navi Large & Midcap Fund

1

35.1

300

2.1

0.5

0.5

10.8

11.6

12.7

0.34

HYBRID – CONSERVATIVE HYBRID FUNDS

Nippon India Conservative Hybrid Fund

1

60.6

951

1.9

1.1

5.7

7.8

7.7

5.6

0.99

HYBRID – EQUITY SAVINGS FUNDS

Nippon India Equity Savings Fund

1

16.2

853

1.6

0.5

2.1

6.6

6.8

4.6

0.43

HYBRID – AGGRESSIVE HYBRID FUNDS

PGIM India Aggressive Hybrid Equity Fund

1

125.8

204

2.4

0.8

-1.5

8.3

7.4

8.5

0.22

EQUITY – LARGE CAP FUNDS

PGIM India Large Cap Fund

1

320.8

544

2.5

0.9

-4.1

7.5

7.3

9.8

0.21

EQUITY – VALUE FUNDS

Quantum Value Fund

1

117.3

1114

2.1

1.1

-6.2

12.6

10.7

11.1

0.37

EQUITY – FLEXI CAP FUNDS

Shriram Flexi Cap Fund

1

19.2

128

3.3

1.7

-2.3

8.5

8.2

–

0.20

EQUITY – DIVIDEND YIELD FUNDS

Sundaram Dividend Yield Fund

1

130.0

856

2.3

1.1

-2.8

12.6

11.8

14.4

0.41

EQUITY – SECTOR – IT FUNDS

Tata Digital India Fund

1

39.2

9697

1.5

0.5

-17.0

6.4

7.0

14.1

0.18

EQUITY – FLEXI CAP FUNDS

Taurus Flexi Cap Fund

1

219.1

344

2.1

2.0

-1.8

12.2

10.4

9.7

0.31

EQUITY – SECTOR – PHARMA FUNDS

UTI Healthcare Fund

1

307.2

1144

2.3

1.4

10.8

26.7

14.1

13.3

0.44

HYBRID – BALANCED ADVANTAGE FUNDS

UTI-Unit Linked Insurance Plan

1

40.9

4923

1.6

1.0

-2.5

6.8

6.4

7.2

0.26

HYBRID – CONSERVATIVE HYBRID FUNDS

Bank of India Conservative Hybrid Fund

–

34.8

65

1.9

1.0

2.0

6.6

9.8

7.1

0.83

EQUITY – MULTI CAP FUNDS

Baroda BNP Paribas Multi Cap Fund

–

286.8

3219

1.7

0.8

3.0

16.6

15.5

14.4

0.44

EQUITY – SMALL CAP FUNDS

Canara Robeco Small Cap Fund

–

38.2

13276

1.5

0.5

0.8

14.5

16.5

–

0.47

EQUITY – SMALL CAP FUNDS

Edelweiss Small Cap Fund

–

44.3

5952

2.1

0.8

4.5

17.9

17.5

–

0.50

HYBRID – AGGRESSIVE HYBRID FUNDS

Groww Aggressive Hybrid Fund

–

20.1

50

3.7

2.8

-2.1

8.9

8.6

–

0.28

EQUITY – TAX SAVING (ELSS) FUNDS

Groww ELSS Tax Saver Fund

–

18.4

50

2.8

1.3

-5.7

9.9

9.3

–

0.27

EQUITY – VALUE FUNDS

Groww Value Fund

–

26.4

67

2.8

1.3

-1.1

14.5

12.2

10.5

0.39

EQUITY – LARGE & MID CAP FUNDS

HSBC Large & Mid Cap Fund

–

28.8

4877

3.1

2.0

11.6

19.9

15.9

–

0.39

EQUITY – MULTI CAP FUNDS

ICICI Prudential Multicap Fund

–

839.2

16997

1.7

0.9

6.6

19.7

16.6

15.3

0.56

EQUITY – CONTRA FUNDS

Invesco India Contra Fund

–

128.1

19406

1.4

0.5

-3.1

16.1

13.6

15.2

0.42

HYBRID – EQUITY SAVINGS FUNDS

Invesco India Equity Savings Fund

–

16.3

330

2.1

0.8

-3.7

7.9

6.4

–

0.28

EQUITY – MULTI CAP FUNDS

Invesco India Multicap Fund

–

122.3

3995

1.6

0.6

-5.6

14.3

12.2

13.3

0.35

EQUITY – CONTRA FUNDS

Kotak Contra Fund

–

147.8

5154

1.9

0.6

1.1

17.1

15.2

15.6

0.48

HYBRID – CONSERVATIVE HYBRID FUNDS

LIC MF Conservative Hybrid Fund

–

82.1

47

2.1

1.2

0.3

5.3

5.1

6.0

0.25

HYBRID – EQUITY SAVINGS FUNDS

LIC MF Equity Savings Fund

–

28.0

34

2.3

1.3

1.9

8.8

7.1

6.7

0.35

EQUITY – SECTOR – PHARMA FUNDS

LIC MF Healthcare Fund

–

30.7

85

2.4

1.1

8.6

22.8

10.8

–

0.32

EQUITY – LARGE CAP FUNDS

Mahindra Manulife Large Cap Fund

–

21.4

701

2.0

0.6

-6.3

9.9

9.0

–

0.28

EQUITY – MULTI CAP FUNDS

Mahindra Manulife Multi Cap Fund

–

36.7

6439

1.6

0.4

6.8

19.4

16.4

–

0.47

EQUITY – MULTI CAP FUNDS

Nippon India Multi Cap Fund

–

296.6

52634

1.6

0.9

0.7

18.4

19.9

15.8

0.64

HYBRID – EQUITY SAVINGS FUNDS

PGIM India Equity Savings Fund

–

49.8

60

1.3

0.6

1.9

5.8

5.9

6.6

0.46

EQUITY – FLEXI CAP FUNDS

Quant Flexi Cap Fund

–

107.6

6594

2.0

0.8

10.9

19.3

17.4

19.7

0.47

EQUITY – MULTI CAP FUNDS

Quant Multi Cap Fund

–

642.0

7466

1.9

0.7

2.7

13.1

12.7

17.2

0.32

EQUITY – CONTRA FUNDS

SBI Contra Fund

–

371.0

47352

1.5

0.7

-1.9

15.1

17.1

15.6

0.64

HYBRID – AGGRESSIVE HYBRID FUNDS

Shriram Aggressive Hybrid Fund

–

31.1

49

2.4

0.7

0.5

9.8

8.2

9.2

0.26

EQUITY – TAX SAVING (ELSS) FUNDS

Shriram ELSS Tax Saver Fund

–

20.2

46

3.2

1.6

-2.0

8.2

8.3

–

0.20

HYBRID – CONSERVATIVE HYBRID FUNDS

Sundaram Conservative Hybrid Fund

–

29.0

19

1.9

1.1

-2.6

5.0

6.2

6.1

0.42

EQUITY – MULTI CAP FUNDS

Sundaram Multi Cap Fund

–

366.8

2807

2.0

0.9

-1.4

14.5

13.7

14.5

0.42

EQUITY – VALUE FUNDS

Sundaram Value Fund

–

207.5

1323

2.2

1.6

-4.2

9.2

10.3

10.9

0.34

HYBRID – BALANCED ADVANTAGE FUNDS

Tata Balanced Advantage Fund

–

20.6

9128

1.5

0.5

1.5

8.9

8.9

–

0.44

EQUITY – SECTOR – BANKING FUNDS

Taurus Banking & Financial Services Fund

–

51.6

11

2.1

1.4

-4.3

8.5

9.7

12.3

0.27

EQUITY – TAX SAVING (ELSS) FUNDS

Taurus ELSS Tax Saver Fund

–

174.3

71

2.1

1.5

-4.9

11.6

11.3

12.6

0.38

EQUITY – LARGE CAP FUNDS

Taurus Large Cap Fund

–

152.7

51

2.1

1.9

-1.0

12.1

10.3

9.9

0.31



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IIT-Madras sets up testing tank for ships, submarines

IIT-Madras sets up testing tank for ships, submarines

by | May 26, 2026 | Science


You are building a new ship or submarine. Computer simulations can predict how it may behave in water. But simulations alone are not enough. Aircraft manufacturers test their designs in wind tunnels. Can something similar be done for ships?

Yes. IIT-Madras is planning such a facility at its satellite campus in Thaiyur, near Chennai.

Called HYDRA Centre, the facility will feature a half-km ‘towing tank’. Scaled-down ship and submarine models will be dragged through the water channel under controlled conditions, allowing scientists to study resistance, stability, wave patterns, propulsion efficiency and manoeuvrability.

When completed, HYDRA could become a key national facility for testing and refining indigenous ship and submarine designs, strengthening India’s self-reliance in advanced maritime and naval engineering. The centre is expected to support advanced work on warships, submarines and underwater platforms.

MDL’s support

Public sector Mazagon Dock Shipbuilders Limited is supporting the initiative. The company has also funded several related research facilities at IIT-Madras through its corporate social responsibility programme.

One of these is a newly inaugurated ‘circulating water tunnel’, which is closely related to the HYDRA concept. While HYDRA studies how moving vessels behave in water, the circulating water tunnel examines how flowing water behaves around stationary objects. In this facility, built at a cost of ₹4.5 crore, water is continuously circulated past test objects such as propellers, offshore platforms, bridge pillars and underwater structures. Engineers use it to study turbulence, drag and complex flow behaviour around these “bluff bodies” — objects with broad or blunt shapes that disturb water flow significantly.

Another proposed collaboration between IIT-Madras and MDL relates to “high-efficiency multi-stage thermoelectric sub-zero refrigeration systems” for submarines and small naval vessels. Put simply, the idea is to develop compact, quiet and highly reliable cooling systems for defence platforms.

Submarines require specialised cooling for electronics, sensors, storage systems and crew environments. Conventional refrigeration systems rely on compressors and moving mechanical parts. Thermoelectric refrigeration, instead, uses semiconductor devices that produce cooling when electricity passes through them — a phenomenon known as the Peltier effect. “Multi-stage” systems stack multiple cooling stages together to achieve very low temperatures.

IIT-Kharagpur students to intern at battery recycler NavPrakriti

NavPrakriti, a lithium-ion battery recycling and refurbishment company based in eastern India, has signed a memorandum of understanding with IIT-Kharagpur for joint research, skill development and technology advancement in the battery recycling sector.

The tie-up will focus on battery material recovery, and hydrometallurgical refining and extraction technologies for critical minerals such as cobalt, nickel and lithium.

Students from IIT-Kharagpur will intern and train at NavPrakriti’s facilities, including its Serampore plant. They will gain exposure to industrial-scale battery recycling and refurbishment operations.

The joint research projects, technological consulting assignments and capacity-building initiatives are aimed at developing skilled manpower for the emerging battery and critical minerals ecosystem.

NavPrakriti said it has been recognised under the National Critical Mineral Mission for extraction of cobalt, nickel and lithium.

Published on May 27, 2026



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AI and office space

AI and office space

by | May 24, 2026 | Business


Flexible working has become the decisive factor in hiring tech talent
| Photo Credit:
triloks

Strategy consulting firm Redseer’s new report ‘AI and the future of flexible workspaces’ describes how AI adoption is beginning to reshape enterprise workplace strategies in India. It estimates that the knowledge-economy office stock could see an incremental addition of 79 million sq ft between CY2025 and CY2030. A significant share of this demand is expected to flow toward managed and flexible workspace formats. Nearly 82 per cent of the enterprises surveyed plan to increase flex workspace adoption, while AI-led hiring is seen to contribute 31 per cent of flex seat leasing demand by 2030. India’s AI job postings grew 6x since CY2019.

The hybrid era

Flexible working has become the decisive factor in competing for leading tech talent, says new research from the International Workplace Group, which has brands like Regus and Spaces. Nearly 72 per cent of business leaders say hybrid or flexible working is vital to attract tech talent, rising to 79 per cent among millennial and 80 per cent among Gen Z leaders. Hybrid working (37 per cent) is the strategy most used to compete for tech talent, ahead of competitive pay (35 per cent). About 23 per cent of firms are appointing tech professionals under 30 in leadership roles, rising to 45 per cent in Gen Z-led businesses.

Published on May 25, 2026



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Air India: Flying from turbulence to turnaround

Air India: Flying from turbulence to turnaround

by | May 24, 2026 | Business


Tata Group-led Air India is facing its most difficult phase since privatisation, with losses crossing ₹26,000 crore in FY2025-26 amid geopolitical disruptions, elevated fuel costs, safety scrutiny, and leadership uncertainty. And yet, this cloud of troubles has a silver lining — the airline retains the strong backing of shareholders Tata Sons and Singapore Airlines as it pushes ahead with its multi-year transformation programme.

The scale of Air India’s financial strain became visible when minority stakeholder (25.1 per cent) Singapore Airlines group disclosed in its annual report that the Indian airline had posted a loss of S$3.56 billion during FY2025-26, and this was a primary reason for the Singapore airline’s 57 per cent slide in annual net profit to S$1.184 billion.

Critical support

Importantly, despite the losses and operational pressures at Air India, Singapore Airlines did not write down its investment. Instead, it described Air India as a “core component” of its long-term multi-hub strategy and committed to support the Indian airline’s transformation.

Industry observers said the willingness of both shareholders to support the airline financially is critical at a time when Air India is dealing with simultaneous operational, financial and regulatory pressures.

“India’s aviation market needs patient, well-capitalised and operationally experienced long-term players to build a truly mature and globally competitive ecosystem,” Jagannarayan Padmanabhan, Senior Director and Global Head, Consulting, Crisil Intelligence, told businessline.

The enduring support from Tata Sons and Singapore Airline is important not just for Air India’s turnaround but also the long-term resilience of Indian aviation, he said.

The airline’s troubles intensified during FY2025-26 after multiple external disruptions hit operations simultaneously and sharply increased costs across its international network.

Air pockets galore

A core challenge was the closure of Pakistan’s airspace to Indian carriers from April 24, 2025, forcing Air India’s connections to Europe and North America to fly longer routes via the Arabian Sea and Gulf hubs. Several flights became two to three hours longer.

Industry estimates pegged the additional annual cost burden at $600–750 million.

The extended flight durations have also affected aircraft rotations, crew deployment and network scheduling in parts of Air India’s long-haul operations.

At the same time, supply disruptions in West Asia throughout FY26 had pushed aviation turbine fuel (ATF) prices higher. However, the ongoing Gulf crisis has pushed prices sharply higher.

At present, fuel accounts for nearly 40 per cent of international operating costs, placing additional pressure on long-haul profitability at a time when Air India is already dealing with elevated fleet and maintenance expenses.

Kinjal Shah, SVP and Co-Group Head, Corporate Sector Ratings, ICRA, points out that the sharp hardening of ATF prices has been compounded by the rupee’s depreciation against the dollar.

“While policy interventions such as tax rationalisation on ATF and continued liquidity support can provide incremental relief, they are unlikely to fully address the high cost base and competitive intensity inherent in the Indian aviation market,” Shah added.

Compounding the airline’s woes was the devastating June 2025 crash of Flight AI171 operating between Ahmedabad and London Gatwick.

The massive human tragedy triggered intensified oversight from regulators, fleet inspections and scrutiny of operational processes.

Changing course

Against this backdrop, Air India has initiated corrective measures aimed at preserving liquidity, stabilising operations and improving cost discipline.

The airline temporarily suspended six international routes, including Delhi-Chicago, Delhi-Shanghai, and Mumbai-New York (JFK). It also reduced frequencies across North American, European, Australian, and Southeast Asian services between June and August 2026.

Phased fuel surcharge increases were introduced on domestic and international routes. According to sources, the airline is also evaluating rationalisation of more routes, improved aircraft utilisation and more efficient redeployment of capacity.

Cost cuts are in focus to contain losses. CEO and Managing Director Campbell Wilson had asked employees to maintain a “relentless focus on costs” during a recent town hall meeting.

This includes reducing discretionary spending, review of vendor contracts, and deferring non-essential expenditure. Annual salary increments have been deferred by at least one quarter. The airline, however, clarified that it does not anticipate layoffs, and variable pay and planned promotions will continue.

Industry observers point out that Air India’s immediate challenge is no longer limited to managing temporary disruptions but also ensuring that operational restructuring keeps pace with the scale of its long-term expansion plans.

One of the key focus areas remains safety oversight.

Additionally, the airline would need to move beyond compliance-driven inspections to establish stronger monitoring systems across engineering, maintenance, and flight operations, the observers said.

Fleet modernisation will become increasingly important over the next few years. Air India’s order for nearly 470 aircraft — one of the largest globally — is expected to be delivered from 2027 onwards.

The airline expects the newer aircraft to improve fuel efficiency, reduce maintenance cost and support network restructuring.

But analysts note that the benefits are dependent on Air India’s ability to improve aircraft availability, manage supply-chain constraints and accelerate the retrofit of existing widebody aircraft.

Leadership continuity is another area of focus for the airline and its shareholders.

According to sources, former Vistara Chief Executive Officer and current Senior Vice President of Singapore Airlines Vinod Kannan, and Air India Chief Commercial Officer Nipun Aggarwal are in the reckoning for the top job, with Wilson conveying his intention to step down.

Transformation journey

According to industry observers, the incoming leadership will inherit an airline that has already undergone substantial integration and restructuring but continues to face execution challenges across operations, customer experience, safety oversight, and profitability.

Even amid the financial and operational pressures, some operating indicators have shown gradual improvement over the past year. For instance, domestic on-time performance improved to 76 per cent in FY2025-26 from 73 per cent a year earlier.

Similarly, the customer net promoter score improved to 30 in March 2026 from minus-19 in 2023.

The airline has also expanded its Southeast Asia feeder network from two destinations to seven and increased coordination with Air India Express by eliminating overlapping routes and improving network integration.

Overall, analysts said, these improvements indicate that parts of Air India’s broader transformation programme are beginning to show operational results despite the difficult external environment.

Nonetheless, industry observers noted that Air India’s recovery trajectory will depend on how consistently shareholder support, operational execution and management stability align over the next few years.

Published on May 25, 2026



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Sensex, Midcap, Smallcap, Sectors: What they don’t tell you about mutual fund SIPs

Sensex, Midcap, Smallcap, Sectors: What they don’t tell you about mutual fund SIPs

by | May 23, 2026 | Share Market


First brought in as a concept more than three decades ago, SIP, or systematic investment plan, today has virtually become the comfort food Indian investors binge monthly. In April 2026 alone, more than ₹31,000 crore flowed into mutual funds through SIPs across over 10 crore accounts. For full FY26 (April 2025 to March 2026), SIP contributions (gross) stood at nearly ₹3.5 lakh crore — over eight times the level seen a decade ago. That tsunami of mostly retail investor money has helped Indian markets absorb the massive ₹1.8-lakh crore sale of equities by foreign portfolio investors last fiscal.

None of this makes the SIP faith irrational. Discipline over two decades has indeed produced many rags-to-riches stories. But the journey and the outcome has not been equally rewarding for everyone.

That unevenness is not merely theoretical. Over one-third of the two-year SIPs in mutual fund schemes across market-cap categories are currently showing losses. SIP discipline remains useful, but it is not a 100 per cent autopilot route to wealth. Returns depend not only on staying invested, but also on where one invests, when the SIP begins and how markets behave along the way. Time can heal many market wounds, but it cannot be blindly assumed to rescue every poor outcome.

SIP may have become India’s default investing habit. But, a mere fund SIP does not create returns; it simply distributes entry points for your monthly investments. What SIP return investors finally earn depends on the sequence of prices, the portfolio chosen and whether the exit value is high enough to reward the units accumulated over time.

In this article, we focus on the other side of the SIP story for equity funds. Why? Because a proactive investor in today’s dynamic world can no longer afford to outsource their financial awareness to a system incentivised by assets rather than absolute outcomes. Distributors earn trail commissions to keep your capital parked, while fund managers are strictly bound by mandates to deploy your monthly SIP inflows, even when they may know the broader market is severely overvalued.

This apparent conflict of interest actively champions “lazy investing.” A “fill it, shut it, forget it” approach is a dangerous luxury in a hyper-evolving world where rapid technological shifts, such as AI, are aggressively rewriting business models and market cycles.

Understanding SIPs

By now most investors know that when markets fall, each SIP buys more units; when markets rise, each SIP buys fewer units. For instance, a ₹10,000 SIP buys 100 units at a NAV of ₹100, but 125 units if the NAV falls to ₹80. Over time, investors hope they have accumulated mutual fund units at a relatively lower average cost. But, this is assuming markets swing up and down rather than only rising steadily. This way, SIP smooths out timing risk, letting build their portfolio steadily instead of trying to pick the perfect moment to invest all at once.

In a mutual fund SIP, the investor is not buying the units at the same price every month. She is buying units at different prices (NAVs), as the price of the underlying securities change. The return (XIRR) is, therefore, not merely a function of where the buying starts and ends. It is a function of every purchase price in between. This is why two SIPs with similar point-to-point returns can produce different return (XIRRs).

The message marketed to investors is simple — markets may be volatile, but SIPs will take care of wealth creation if they mute the noise and ignore the ups and downs. Such messages are useful, but they are also incomplete.

But make no mistake, doing a SIP is nothing close to a return promise, even if SIP calculators can make you feel there is a finality in their theoretical projections.

At the end of the day, SIP is just a cash-flow method. A monthly SIP can produce very different results depending on when the market falls, and when it rises. For instance, a strong multi-year rally in the Sensex during a five-year SIP can result in compounding at nearly 19.75 per cent XIRR, as in the 2016-21 cycle.

By contrast, high starting valuations followed by a market correction just as the five-year SIP matured deflated returns to a modest 6 per cent XIRR, as seen in 2021-26 period ended May 20. And if a severe crash hits right at the end, it can temporarily leave a negative -2.6 per cent XIRR for a five-year Sensex SIP, as in 2015-20 period.

In other words, the same disciplined habit — same monthly “debits,” same cash invested can look like a windfall in one cycle, mediocre in another and disappointing in a third. The difference isn’t the investor; it’s the path the market took.

The problem is not SIP. In fact, the problem is the mythology built around it. Yes, SIPs reduce timing regret. But, they do not remove market risk, valuation risk, category risk or the danger of chasing yesterday’s fund/index winners. They can make bad timing less painful, but they cannot make every entry point wise.

Market decides SIP path

To show how market-swings shape SIP outcomes, we modelled a ₹10,000 monthly investment in the Sensex over five years. We illustrate four hypothetical contrasting market paths: A sharp early dip followed by a recovery, a steady growth trajectory, a flat market with late gains and a strong early rally (see TABLE 1).

As you would notice, each path results in drastically-different final portfolio values and annualised returns (XIRR), ranging from 2.8 per cent to 10.9 per cent. This is despite identical cash flows and the exact same starting and ending index levels.

These examples underscore a critical reality. While SIPs smooth out entry timing, they cannot neutralise sequence-of-returns risk. The path the market takes largely decides whether disciplined investing feels like a windfall, a steady gain or a disappointment.

The projections assume a cumulative index growth of 50 per cent over five years (target ending Sensex: 112,977), an approximate PE ratio of 18 at end of the fifth year vs current starting PE of about 20, and annualised earnings growth of 10-12 per cent. To map these market levels to a realistic mutual fund structure, the index was scaled down to represent a base Unit NAV (for example, 75,318 translates to a starting NAV of ₹75.32).

Using AI modelling, we selected four illustrative market paths from countless possibilities, each reaching the same endpoint.

Crisis: An early, severe drop resulting in a 27.0 per cent maximum drawdown, followed by extended stagnation and a late recovery.

Steady upside: A smooth, linear rise interrupted only by minor 4.5 per cent corrections.

Flattish: Minimal overall growth for years, featuring an 8.0 per cent mid-cycle slump, before a sudden jump at the very end of the tenure.

Strong rally: Rapid, front-loaded growth causing an immediate NAV spike, followed by a prolonged plateau and a mild 2.5 per cent correction.

Distribution of SIP returns

The aforementioned theoretical scenarios prove that the market’s path dictates your return. But what paths have Indian equities historically taken? To move from theory to empirical evidence, we ran rolling historical SIP returns across different market caps and themes over the last 20 years ended May 20, 2026.

We tested five-year, seven-year and 10-year SIP horizons (see TABLE 2).

The results show a massive dispersion in outcomes. The real question is not whether SIPs made money once, but where most outcomes clustered and how bad the downside became.

The width of the SIP probability curve tells the real story.

* Time heals broad markets, but kills the windfall: The data validates the core tenet of long-term investing, provided you stick to broad indices. Notice how extending a Sensex SIP from five to 10 years acts as a powerful volatility shock absorber. The ‘less than 8 per cent XIRR’ possibility shrinks dramatically from 22 per cent down to just 6 per cent. However, time also actively crushes upside variance. Over a rolling 10-year period, the historical probability of earning a massive Sensex windfall (>15 per cent) collapsed to zero

* The fat tails of small-caps: Stepping outside the large-cap safety net exposes investors to a much-wider dispersion of destinies. A five-year small-cap SIP is the ultimate coin toss. Historically, there was a 55 per cent chance of a phenomenal windfall, paired directly with a 32 per cent chance of landing in the ‘less than 8 per cent’ zone. More importantly, time does not heal small-caps as perfectly as large caps. historical small-cap SIPs still faced a 11 per cent risk of sub-8 per cent returns, with the absolute worst-case scenario remaining in break-even territory (0 per cent).

* The thematic trap: Perhaps the most crucial takeaway lies in the thematic divergence. The standard industry advice is to “give it more time” when an equity SIP is underperforming. For highly-cyclical themes, this advice can be fatal. Look at the BSE PSU matrix. Over a fiveyear horizon, 64 per cent of SIPs landed in the sub-8 per cent XIRR zone. When investors extended their horizon to 10 years, hoping time would bail them out, the sub-8 per cent return actually expanded to 71 per cent. After 120 months of averaging down, the absolute worstcase scenario remained negative (-11 per centXIRR).

Our probability matrix shows that while a decade of patience might save a Sensex investor, it can actively destroy capital in cyclical or thematic funds. This exposes the ultimate flaw of “lazy investing.” If your SIP has compounded brilliantly over five-seven years, especially in a mid-cap, small-cap or sector/thematic fund, leaving that ballooned corpus entirely at the mercy of the market is mathematically reckless. Sectors revert to the mean violently, and as historical data show, massive windfalls can evaporate if you overstay the cycle. Negative SIP return instances, though infrequent, do happen even in case of broad-market stock baskets (see Table 5).

Returns you cannot SIP

The danger of sector/thematic investing isn’t just about picking the wrong sector. It is actually about picking the right basket at the exact wrong time. An explosive half-decade growth creates the illusion of a permanent structural shift. But a new SIP doesn’t buy the last five years, it buys the next five. And the next five are usually governed by a brutal law of financial physics called ‘mean reversion’.

While the mutual fund industry may not have had a dedicated thematic fund for every single micro-sector back in 2008 or 2011, the underlying index data reveal exactly how these market cycles behaved. Our analysis maps the absolute peak of five-year trailing returns for each sector between 2011 and 2021, and tracks what happened to fresh SIP money over the subsequent 60-month window.

Look at the BSE Auto index. At its peak euphoria in December 2013, investors stared at a staggering 39 per cent five-year CAGR. But an investor starting a five-year SIP on that exact date suffered through a cyclical winter, generating a pathetic 1-2 per cent XIRR on their fresh money. This was because much of the money was invested at elevated levels in 2017–18, just before the index fell sharply near the end date.

The cyclical value traps are even more destructive. Investors who saw a respectable 11.7 per cent trailing 5-year CAGR return in PSUs in June 2011 and blindly started a SIP ended up actively destroying their wealth, yielding a -2 per cent return over the next 60 months. The Power and Oil & Gas sectors mirrored this exact trends.

Yes, there are exceptions too such as Capital Goods and Industrials. They prove that if a new earnings cycle perfectly aligns with momentum, returns can persist. Whereas in themes like IT, FMCG, and Financial Services, a peaking trailing return reliably signalled that the easy money had already been made.

SIPs are often treated as a behavioural cure-all. They are not. SIP fixes the habit problem. It does not fix the entry-price problem. It ensures regular investing. It does not ensure that the chosen category is still attractively placed.

First takeaway is that a SIP in a diversified equity fund is not the same as a SIP in a narrow sector/thematic fund. A SIP started after a broad market correction is not the same as a SIP started after a euphoric category rally. The debit may be identical every month; the risk being bought is not.

This brings to our second takeaway. We do not say that investors should avoid strong-performing categories. That would be too simplistic. The real lesson is that trailing returns should trigger questions, not commitment. What drove the return? Was it earnings growth, valuation expansion (see TABLE 4), policy excitement, liquidity or a temporary cycle? Has the index or category already doubled from its lows? Is the SIP being used to build long-term allocation, or to chase a hot table?

A top-5/10 SIP performers table is useful evidence of what has worked. It is poor evidence of what will work next.

Knowing when to book profit, shift gains

Warren Buffett has emphasised his investment decisions which appear sudden are usually the result of a framework built over years: Clarity on why one is buying, what would change the thesis and when one should act. SIP investors need a similar discipline. A SIP can remain the route to accumulation, but it should not become an excuse for investing without a destination or review plan. Before starting, define the goal, time horizon, asset allocation and conditions for rebalancing or shifting accumulated gains through an STP. In euphoric or panic-driven markets, such a framework prevents both blind continuation and impulsive exit.

When we map out over two decades of rolling SIP returns across broad, sectoral and thematic indices, a system emerges (see TABLE 3).

Exceptional returns are rarely a sign of permanent structural growth; they are almost always a signal of peak cyclical euphoria. Crucially, the data prove that when extreme returns flash, the culprits are usually sectoral indices, not the broad market.

While broad indices have strict historical speed limits, sectors can experience dizzying, unsustainable peaks. For example, the highest-ever five-year SIP return for BSE Industrials hit 54.6 per cent, and BSE Realty reached 48.8 per cent.

Broad market SIPs require a completely different set of rules. Because highly-diversified funds represent the broader economy, their historical ceilings are much lower. The data confirm that broad markets (Sensex, BSE 500) almost never breached a 25 per cent XIRR over a five-year period. 

Because of these hard historical ceilings, the “euphoria zone” for a large-cap or flexi-cap SIP sits squarely between 18 per cent and 20 per cent. Over the last two decades, whenever a five-year SIP in the Sensex or BSE 500 breached the 18 per cent mark, it reliably signalled a market top. If your core equity portfolio hits this number, it is your mathematical signal to stop hoping for more and execute a standard asset-allocation rebalance, sweeping excess equity profits into safer places.

Mid- and small-cap funds carry a much harsher penalty because they behave almost exactly like the highly-volatile thematic sectors. Their historical peaks soar far above the broad market: The absolute highest five-year SIP return for the BSE Smallcap reached a staggering 39 per cent, while the BSE Midcap hit 33 per cent.

Because they are capable of such extreme highs, the cyclical winters that follow are unforgiving. Our historical backtesting shows that when a five-year SIP in a mid- or small-cap index simply crossed the 20 per cent threshold, the median forward three-year return from that exact moment was quite low. So when they deliver outsized 20 per cent+ returns over half a decade, even if they haven’t hit their absolute historical maximums, it is a mandate to harvest those gains and rotate into calmer waters.

Published on May 23, 2026



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