Smart Beta Indices Win Race, Beat Nifty 50 in 2024

by Hansraj Agrawal | Dec 21, 2024 | Share Market

Smart Beta mutual funds are making headlines nowadays. Asset Management Companies (AMCs) are vying to introduce new funds focusing on factor-based investing. Thirty-one of the 81 smart beta funds were launched in less than a year.

In India, AMCs launch smart beta funds tracking group of stocks that are picked based on the factors (either single or combination) such as quality, value, alpha, low volatility, momentum and equal weight. The overall asset under management of these smart beta funds as of November 30, 2024 was ₹37,762 crore. The largest fund in the segment is UTI Nifty200 Momentum 30 Index Fund managing the asset of ₹8,334 crore.

Smart beta investing combines the prowess of active and passive into one. The goal is to get higher returns than the traditional market capitalisation-based indices. Smart beta mutual fund schemes passively track the indices that are culled out from the conventional indices using a variety of fundamental, technical and other filters by the NSE and the BSE.

For instance, The Nifty 100 Low Volatility 30 index tracks the performance of 30 stocks in Nifty 100 with the lowest volatility in the last one year. Standard Deviation is used to shortlist the stocks.

Cyclical nature

Both single-factor and multi-factor smart beta funds have been introduced by mutual funds in India.

Performance of smart beta funds is cyclical; they perform well at times and underperform during other times. For instance, the value strategy works well particularly during recovery phases. Low volatility stands to gain during uncertainties while quality performs well during volatile or bear market cycles. Momentum gains its spot during a strongly trending bull market.

Alpha tops chart

The year 2024 was marked with the alpha factor that outpaced the other factor indices and the broader market indices with huge margins. Alpha strategy captures the stocks that have performed well recently and are expected to continue to outperform in the short to medium term.

The primary index for the alpha strategy, the Nifty Alpha 50 index, measures the performance of the top 50 stocks in terms of higher alpha chosen from the universe of 300 companies. Simply put, Alpha is an excess return generated by the stock against the market return. One of the reasons for the outperformance of the strategy was higher weight to the financial services sectors that constitutes 20 per cent of the index, which has a lot of PSU names that delivered relatively higher returns.

Strategy streams

Value works well particularly during recovery phases

Low volatility stands to gain during uncertainties

Quality performs well during volatile or bear markets

Momentum gains its spot during a trending bull market

Alpha bets on outperformers

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Mutual Funds returns

by Hansraj Agrawal | Dec 21, 2024 | Share Market

EQUITY – FOCUSED FUNDS

360 ONE Focused Equity Fund

45.4

7305

1.8

0.9

18.2

16.0

20.3

15.8

0.41

EQUITY – TAX SAVING (ELSS) FUNDS

Bank of India ELSS Tax Saver

169.7

1453

2.0

0.8

27.7

20.6

25.1

16.8

0.54

HYBRID – AGGRESSIVE HYBRID FUNDS

BOI AXA Mid & Small Cap Eq&Debt

39.2

1054

2.1

0.8

29.5

19.7

27.0

–

0.59

EQUITY – LARGE CAP FUNDS

Canara Robeco Bluechip Equity Fund

60.3

14824

1.7

0.5

20.7

14.8

17.1

13.6

0.39

EQUITY – THEMATIC – CONSUMPTION FUNDS

Canara Robeco Consumer Trends Fund

106.9

1747

2.1

0.8

22.8

18.9

20.2

16.0

0.43

HYBRID – BALANCED ADVANTAGE FUNDS

Edelweiss Balanced Advantage Fund

49.1

12381

1.7

0.5

15.6

11.9

14.8

10.8

0.56

HYBRID – EQUITY SAVINGS FUNDS

Edelweiss Equity Savings Fund

24.0

561

1.6

0.6

13.2

9.9

10.6

8.9

0.59

EQUITY – LARGE & MID CAP FUNDS

HDFC Large and Mid Cap Fund

327.2

23989

1.7

0.9

22.9

22.7

22.9

14.0

0.44

HYBRID – BALANCED ADVANTAGE FUNDS

ICICI Prudential Balanced Advantage Fund

69.2

60534

1.5

0.9

13.9

12.8

12.7

11.0

0.33

EQUITY – LARGE CAP FUNDS

ICICI Prudential Bluechip Fund

103.7

63938

1.4

0.9

20.4

18.4

18.3

13.8

0.39

EQUITY – FOCUSED FUNDS

ICICI Prudential Focused Equity Fund

84.7

9945

1.7

0.6

29.7

21.7

23.9

14.0

0.57

EQUITY – SECTOR – IT FUNDS

ICICI Prudential Technology Fund

220.6

13990

1.8

1.0

30.2

9.9

30.4

18.7

0.59

EQUITY – VALUE FUNDS

ICICI Prudential Value Discovery Fund

442.2

48988

1.5

1.0

22.6

23.0

25.5

15.4

0.57

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Invesco India Infrastructure Fund

65.0

1609

2.1

0.7

40.3

29.3

30.3

17.5

0.58

EQUITY – FLEXI CAP FUNDS

JM Flexicap Fund

103.2

5012

1.8

0.5

37.0

27.7

24.0

17.3

0.51

EQUITY – LARGE CAP FUNDS

JM Large Cap Fund

153.6

495

2.4

0.7

19.7

17.5

11.4

0.59

EQUITY – VALUE FUNDS

JM Value Fund

100.3

1073

2.2

1.0

29.2

26.6

24.4

17.6

0.48

HYBRID – CONSERVATIVE HYBRID FUNDS

Kotak Debt Hybrid Fund

56.6

3035

1.7

0.5

12.7

10.1

11.3

9.6

0.60

EQUITY – MID CAP FUNDS

Motilal Oswal Midcap Fund

110.3

22898

1.6

0.5

58.2

36.6

33.1

20.7

0.58

EQUITY – SMALL CAP FUNDS

Nippon India Small Cap Fund

175.2

61646

1.4

0.7

31.0

29.3

35.8

22.3

0.61

EQUITY – FLEXI CAP FUNDS

Parag Parikh Flexi Cap Fund

81.0

84641

1.3

0.6

25.0

17.0

25.1

17.9

0.55

EQUITY – MID CAP FUNDS

PGIM India Midcap Opportunities Fund

63.7

11093

1.7

0.5

23.7

15.2

29.2

16.3

0.57

HYBRID – AGGRESSIVE HYBRID FUNDS

Quant Absolute Fund

395.1

2199

2.0

0.7

14.6

14.3

23.1

15.0

0.55

EQUITY – TAX SAVING (ELSS) FUNDS

Quant ELSS Tax Saver Fund

350.7

10799

1.7

0.6

14.5

18.7

30.1

20.5

0.56

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Quant Infrastructure Fund

39.0

3585

1.9

0.7

31.0

25.2

34.8

18.8

0.56

EQUITY – LARGE & MID CAP FUNDS

Quant Large & Mid Cap Fund

114.8

3693

1.9

0.6

21.9

21.7

24.9

18.2

0.53

EQUITY – MID CAP FUNDS

Quant Mid Cap Fund

217.3

8941

1.7

0.6

22.4

24.4

31.6

18.0

0.62

EQUITY – SMALL CAP FUNDS

Quant Small Cap Fund

258.4

27161

1.6

0.6

28.2

27.8

45.7

20.3

0.75

HYBRID – CONSERVATIVE HYBRID FUNDS

SBI Conservative Hybrid Fund

69.6

10046

1.1

0.6

12.0

9.6

11.1

9.3

0.58

EQUITY – TAX SAVING (ELSS) FUNDS

SBI Long Term Equity Fund

424.3

27847

1.6

0.9

32.9

25.9

24.2

15.0

0.49

HYBRID – EQUITY SAVINGS FUNDS

Sundaram Equity Savings Fund

67.7

1005

2.2

0.6

13.8

11.3

12.8

9.4

0.54

EQUITY – SECTOR – BANKING FUNDS

Sundaram Financial Services Opportunities Fund

94.2

1450

2.1

0.8

8.5

19.0

14.1

12.7

0.27

EQUITY – DIVIDEND YIELD FUNDS

Templeton India Equity Income Fund

137.6

2399

2.1

1.2

25.5

20.4

24.7

15.5

0.53

HYBRID – BALANCED ADVANTAGE FUNDS

Aditya Birla SL Bal Advantage

99.8

7400

1.8

0.7

15.2

11.9

12.4

10.6

0.34

EQUITY – SMALL CAP FUNDS

AXIS Small Cap Fund

106.7

24353

1.6

0.6

28.3

22.4

27.7

19.4

0.53

EQUITY – LARGE & MID CAP FUNDS

Bandhan Core Equity Fund

129.4

7293

1.8

0.6

33.0

25.2

23.2

15.8

0.44

EQUITY – TAX SAVING (ELSS) FUNDS

Bandhan ELSS Tax Saver Fund

147.2

6894

1.8

0.7

16.4

16.9

21.8

15.4

0.41

EQUITY – VALUE FUNDS

Bandhan Sterling Value Fund

145.2

10054

1.8

0.7

21.8

19.9

25.4

15.6

0.43

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

BOI AXA Manufacturing & Infra

56.0

539

2.3

0.8

33.3

26.4

30.4

16.9

0.62

HYBRID – AGGRESSIVE HYBRID FUNDS

Baroda BNP Paribas Aggressive Hybrid Fund

27.4

1180

2.1

0.5

21.4

15.8

16.0

–

0.42

EQUITY – LARGE CAP FUNDS

Baroda BNP Paribas Large Cap Fund

216.6

2403

2.0

0.8

23.7

17.5

17.1

13.3

0.38

EQUITY – TAX SAVING (ELSS) FUNDS

Canara Robeco ELSS Tax Saver

171.3

8817

1.7

0.6

21.2

15.2

20.1

14.4

0.44

EQUITY – TAX SAVING (ELSS) FUNDS

DSP ELSS Tax Saver Fund

134.4

16835

1.6

0.7

27.5

20.5

21.1

16.1

0.42

EQUITY – LARGE CAP FUNDS

Edelweiss Large Cap Fund

80.7

1100

2.2

0.7

17.4

15.7

16.3

12.8

0.35

EQUITY – MID CAP FUNDS

Edelweiss Mid Cap Fund

100.3

8280

1.7

0.4

42.9

27.5

30.4

19.3

0.57

EQUITY – FLEXI CAP FUNDS

Franklin India Flexi Cap Fund

1602.6

17808

1.7

0.9

25.0

20.3

22.0

14.6

0.44

EQUITY – FLEXI CAP FUNDS

HDFC Flexi Cap Fund

1852.6

66304

1.4

0.8

26.2

25.6

22.4

14.8

0.43

EQUITY – FOCUSED FUNDS

HDFC Focused 30 Fund

214.0

15521

1.7

0.6

26.2

25.9

22.5

13.9

0.44

HYBRID – CONSERVATIVE HYBRID FUNDS

HDFC Hybrid Debt Fund

79.0

3322

1.8

1.2

11.0

10.3

10.7

8.8

0.55

EQUITY – MID CAP FUNDS

HDFC Mid-Cap Opportunities Fund

188.4

76061

1.4

0.7

31.6

29.4

29.0

18.3

0.55

HYBRID – BALANCED ADVANTAGE FUNDS

HSBC Balanced Advantage Fund

42.9

1523

2.1

0.8

16.7

12.0

11.0

8.5

0.39

HYBRID – EQUITY SAVINGS FUNDS

HSBC Equity Savings Fund

33.9

583

1.5

0.6

24.6

14.2

13.7

9.5

0.46

EQUITY – DIVIDEND YIELD FUNDS

ICICI Prudential Dividend Yield Equity Fund

48.9

4783

1.9

0.6

24.1

24.4

25.3

14.6

0.53

HYBRID – AGGRESSIVE HYBRID FUNDS

ICICI Prudential Equity & Debt Fund

361.7

40089

1.6

1.0

19.6

20.2

21.1

15.1

0.50

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

ICICI Prudential Infrastructure Fund

186.1

6990

1.9

1.2

33.4

35.4

30.4

16.6

0.54

EQUITY – LARGE & MID CAP FUNDS

ICICI Prudential Large & Mid Cap Fund

922.7

17694

1.7

0.8

24.6

22.3

22.8

14.7

0.45

HYBRID – CONSERVATIVE HYBRID FUNDS

ICICI Prudential Regular Savings Fund

72.0

3201

1.7

0.9

12.0

9.6

9.7

9.4

0.63

EQUITY – SECTOR – BANKING FUNDS

Invesco India Financial Services Fund

127.5

1110

2.2

0.9

21.7

20.9

14.8

14.5

0.27

HYBRID – AGGRESSIVE HYBRID FUNDS

JM Aggressive Hybrid Fund

123.2

720

2.3

0.7

29.9

23.6

23.8

12.9

0.60

EQUITY – TAX SAVING (ELSS) FUNDS

JM ELSS Tax Saver Fund

48.6

183

2.4

1.3

31.3

20.8

21.4

15.9

0.43

EQUITY – LARGE CAP FUNDS

Kotak Bluechip Fund

546.4

9498

1.8

0.6

19.6

15.0

16.5

13.0

0.35

EQUITY – MID CAP FUNDS

Kotak Emerging Equity Fund

133.5

52049

1.4

0.4

36.8

24.3

27.3

18.8

0.51

HYBRID – AGGRESSIVE HYBRID FUNDS

Kotak Equity Hybrid Fund

61.1

6815

1.8

0.5

23.9

16.7

18.0

13.1

0.41

EQUITY – LARGE & MID CAP FUNDS

Kotak Equity Opportunities Fund

332.4

25648

1.6

0.5

28.1

21.5

21.1

15.8

0.43

HYBRID – EQUITY SAVINGS FUNDS

Kotak Equity Savings Fund

25.3

7974

1.8

0.6

13.4

11.8

11.1

9.4

0.43

EQUITY – SMALL CAP FUNDS

Kotak Small Cap Fund

274.9

17732

1.6

0.5

29.3

19.6

30.8

19.0

0.55

EQUITY – TAX SAVING (ELSS) FUNDS

Mirae Asset ELSS Tax Saver Fund

46.8

25315

1.6

0.6

21.7

16.1

19.7

–

0.40

EQUITY – THEMATIC – CONSUMPTION FUNDS

Mirae Asset Great Consumer Fund

90.6

4156

1.8

0.4

19.0

19.8

19.5

15.8

0.40

EQUITY – LARGE & MID CAP FUNDS

Mirae Asset Large & Midcap Fund

145.0

38680

1.5

0.6

20.2

15.6

20.4

18.3

0.42

EQUITY – TAX SAVING (ELSS) FUNDS

Motilal Oswal ELSS Tax Saver Fund

55.1

4187

1.8

0.7

51.0

29.1

24.2

–

0.45

EQUITY – MID CAP FUNDS

Nippon India Growth Fund

4050.7

34584

1.6

0.8

31.3

27.6

29.2

18.5

0.55

EQUITY – LARGE CAP FUNDS

Nippon India Large Cap Fund

86.3

35313

1.6

0.7

21.9

22.0

19.3

14.2

0.38

EQUITY – VALUE FUNDS

Nippon India Value Fund

221.7

8536

1.9

1.2

27.6

24.0

24.2

16.1

0.47

EQUITY – FLEXI CAP FUNDS

PGIM India Flexi Cap Fund

35.1

6354

1.8

0.4

18.0

10.9

20.5

–

0.42

EQUITY – FOCUSED FUNDS

Quant Focused Fund

83.8

1118

2.2

0.7

16.7

17.5

21.1

15.7

0.43

EQUITY – SECTOR – BANKING FUNDS

SBI Banking & Financial Services Fund

38.2

6548

1.8

0.7

21.4

18.4

13.6

–

0.25

EQUITY – THEMATIC – CONSUMPTION FUNDS

SBI Consumption Opportunities Fund

325.4

3074

2.0

0.9

26.0

23.4

23.1

16.4

0.45

EQUITY – SECTOR – IT FUNDS

Tata Digital India Fund

54.5

12659

1.7

0.4

34.8

12.8

29.0

–

0.59

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Tata Infrastructure Fund

179.4

2404

2.1

1.1

28.1

26.6

27.1

16.0

0.53

EQUITY – FLEXI CAP FUNDS

Union Flexi Cap Fund

50.3

2269

2.0

0.9

19.3

15.5

19.3

12.3

0.40

EQUITY – SECTOR – BANKING FUNDS

Aditya Birla SL Bank & Fin Serv

54.9

3270

2.0

1.1

10.0

15.2

11.7

13.1

0.22

EQUITY – SECTOR – IT FUNDS

Aditya Birla Sun Life Digital India Fund

188.4

5333

1.9

0.8

22.0

11.0

27.9

19.1

0.56

EQUITY – DIVIDEND YIELD FUNDS

Aditya Birla Sun Life Dividend Yield Fund

450.9

1537

2.2

1.4

23.7

22.4

22.9

12.4

0.48

EQUITY – FLEXI CAP FUNDS

Aditya Birla Sun Life Flexi Cap Fund

1697.5

22440

1.7

0.9

22.5

16.0

17.3

14.1

0.34

EQUITY – FOCUSED FUNDS

Aditya Birla Sun Life Focused Fund

134.7

7706

1.8

0.9

21.3

15.1

16.3

12.5

0.35

EQUITY – LARGE CAP FUNDS

Aditya Birla Sun Life Frontline Equity Fund

500.6

29323

1.7

1.0

18.8

15.6

16.4

12.5

0.34

EQUITY – THEMATIC – CONSUMPTION FUNDS

Aditya Birla Sun Life India GenNext Fund

208.3

5892

1.9

0.8

20.4

16.8

17.9

15.5

0.37

HYBRID – CONSERVATIVE HYBRID FUNDS

Aditya Birla Sun Life Regular Savings Fund

63.8

1426

1.9

1.0

11.1

8.8

9.6

8.6

0.41

HYBRID – CONSERVATIVE HYBRID FUNDS

Axis Conservative Hybrid Fund

28.6

297

2.2

1.0

8.0

5.7

8.0

6.8

0.42

HYBRID – EQUITY SAVINGS FUNDS

Axis Equity Savings Fund

21.5

1015

2.3

1.0

12.1

8.8

9.8

–

0.33

EQUITY – MID CAP FUNDS

Axis Midcap Fund

111.3

30330

1.6

0.5

33.4

18.8

23.0

16.6

0.51

HYBRID – BALANCED ADVANTAGE FUNDS

Bandhan Balanced Advantage Fund

23.6

2283

2.0

0.7

15.7

9.7

10.9

8.6

0.28

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Bandhan Infrastructure Fund

51.5

1798

2.1

0.8

44.2

30.3

30.2

16.7

0.51

EQUITY – LARGE CAP FUNDS

Bandhan Large Cap Fund

73.7

1760

2.1

0.9

20.7

15.3

16.6

11.9

0.36

HYBRID – CONSERVATIVE HYBRID FUNDS

Baroda BNP Paribas Conser Hybrid

43.3

747

2.0

0.5

10.2

7.9

7.6

7.4

0.41

EQUITY – TAX SAVING (ELSS) FUNDS

Baroda BNP Paribas ELSS Tax Saver Fund

94.7

952

2.2

1.0

27.3

18.1

18.0

13.3

0.40

EQUITY – MID CAP FUNDS

Baroda BNP Paribas Mid Cap Fund

101.4

2145

2.0

0.5

31.7

22.8

25.7

16.6

0.51

HYBRID – CONSERVATIVE HYBRID FUNDS

Canara Robeco Conservative Hybrid Fund

93.6

957

1.9

0.7

11.1

7.9

9.2

8.1

0.51

EQUITY – LARGE & MID CAP FUNDS

Canara Robeco Emerging Equities

253.1

24629

1.6

0.6

29.8

17.3

21.3

16.7

0.43

HYBRID – AGGRESSIVE HYBRID FUNDS

Canara Robeco Equity Hybrid Fund

346.2

10905

1.7

0.6

17.8

13.3

15.5

12.5

0.42

EQUITY – FLEXI CAP FUNDS

Canara Robeco Flexi Cap Fund

325.3

12908

1.7

0.6

20.6

14.2

18.0

13.5

0.40

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Canara Robeco Infrastructure Fund

157.9

867

2.3

1.0

40.0

29.9

28.9

16.5

0.55

HYBRID – AGGRESSIVE HYBRID FUNDS

DSP Aggressive Hybrid Fund

340.4

10379

1.8

0.7

20.0

14.1

15.8

12.8

0.38

HYBRID – BALANCED ADVANTAGE FUNDS

DSP Dynamic Asset Allocation Fund

26.2

3201

1.9

0.7

14.1

10.1

10.2

8.8

0.32

EQUITY – LARGE & MID CAP FUNDS

DSP Equity Opportunities Fund

596.5

14023

1.7

0.7

27.0

20.8

20.6

15.8

0.42

EQUITY – FLEXI CAP FUNDS

DSP Flexi Cap Fund

100.4

11765

1.7

0.7

21.9

16.1

18.6

14.1

0.38

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

DSP India T.I.G.E.R. Fund

323.5

5515

1.9

0.8

39.6

33.0

28.8

17.3

0.51

EQUITY – SMALL CAP FUNDS

DSP Small Cap Fund

200.0

16307

1.7

0.8

29.2

23.3

31.0

18.9

0.56

EQUITY – FLEXI CAP FUNDS

Edelweiss Flexi Cap Fund

37.8

2446

2.0

0.4

29.6

19.8

20.1

–

0.41

EQUITY – LARGE & MID CAP FUNDS

Edelweiss Large & Mid Cap Fund

86.2

3745

1.9

0.4

27.9

19.6

21.1

15.0

0.44

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Franklin Build India Fund

138.1

2848

2.0

0.9

31.8

30.7

27.2

17.6

0.49

EQUITY – TAX SAVING (ELSS) FUNDS

Franklin India ELSS Tax Saver Fund

1455.9

6890

1.8

1.0

25.8

20.6

20.4

14.0

0.39

HYBRID – AGGRESSIVE HYBRID FUNDS

Franklin India Equity Hybrid Fund

263.0

2050

2.1

1.0

19.8

15.5

16.1

12.0

0.40

EQUITY – FOCUSED FUNDS

Franklin India Focused Equity Fund

104.7

12183

1.8

0.9

22.5

18.8

20.0

14.2

0.39

EQUITY – TAX SAVING (ELSS) FUNDS

HDFC ELSS Tax saver

1321.6

15945

1.7

1.1

24.5

23.3

20.6

12.8

0.41

HYBRID – EQUITY SAVINGS FUNDS

HDFC Equity Savings Fund

63.4

5516

1.9

0.9

11.5

10.5

11.0

9.4

0.40

HYBRID – AGGRESSIVE HYBRID FUNDS

HDFC Hybrid Equity Fund

113.9

24185

1.7

1.0

14.8

14.2

15.6

10.3

0.37

EQUITY – LARGE CAP FUNDS

HDFC Top 100 Fund

1088.6

36587

1.6

1.0

14.5

18.6

16.7

12.3

0.34

HYBRID – CONSERVATIVE HYBRID FUNDS

HSBC Conservative Hybrid Fund

60.0

144

2.2

1.3

16.1

9.4

9.2

7.8

0.46

EQUITY – FLEXI CAP FUNDS

HSBC Flexi Cap Fund

218.6

5048

1.9

1.2

32.1

19.5

20.1

13.4

0.39

EQUITY – LARGE CAP FUNDS

HSBC Large Cap Fund

470.3

1946

2.1

1.2

21.1

15.4

15.5

12.4

0.33

EQUITY – SMALL CAP FUNDS

HSBC Small Cap Fund

89.2

17237

1.7

0.7

32.7

27.2

31.7

20.8

0.53

EQUITY – VALUE FUNDS

HSBC Value Fund

107.8

13675

1.7

0.8

29.9

25.2

24.4

17.2

0.45

EQUITY – SECTOR – BANKING FUNDS

ICICI Prudential Banking & Financial Services Fund

119.9

9026

1.8

1.0

13.2

14.9

11.4

12.6

0.21

EQUITY – TAX SAVING (ELSS) FUNDS

ICICI Pru Long Term Equity

875.0

14210

1.7

1.1

19.2

15.5

17.5

12.9

0.36

EQUITY – MID CAP FUNDS

ICICI Prudential Midcap Fund

284.2

6369

1.9

1.1

33.0

22.1

24.8

15.6

0.46

HYBRID – BALANCED ADVANTAGE FUNDS

Invesco India Balanced Advantage Fund

53.2

926

2.2

0.8

18.1

14.2

11.9

10.1

0.30

EQUITY – TAX SAVING (ELSS) FUNDS

Invesco India ELSS Tax Saver Fund

127.7

2954

1.9

0.8

29.0

16.8

18.9

14.6

0.38

EQUITY – LARGE & MID CAP FUNDS

Invesco India Large & Mid Cap Fund

96.4

6340

1.8

0.7

42.1

24.1

21.6

16.1

0.43

EQUITY – LARGE CAP FUNDS

Invesco India Largecap Fund

67.0

1317

2.1

0.8

23.4

15.9

17.3

13.2

0.36

EQUITY – MID CAP FUNDS

Invesco India Midcap Fund

172.6

5863

1.8

0.6

48.2

26.8

28.5

18.4

0.56

EQUITY – FOCUSED FUNDS

JM Focused Fund

20.3

212

2.4

0.8

27.2

22.4

16.6

13.5

0.32

EQUITY – TAX SAVING (ELSS) FUNDS

Kotak ELSS Tax Saver Fund

115.1

6232

1.8

0.6

25.3

19.1

19.7

14.8

0.39

EQUITY – FLEXI CAP FUNDS

Kotak Flexicap Fund

79.9

51276

1.5

0.6

20.9

17.0

16.3

13.9

0.33

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Kotak Infra & Economic Reform

67.8

2395

2.0

0.6

38.0

29.8

28.2

16.7

0.50

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

LIC MF Infrastructure Fund

51.2

852

2.3

1.1

54.6

34.6

27.5

15.8

0.51

EQUITY – LARGE & MID CAP FUNDS

LIC MF Large & Midcap Fund

38.7

3126

1.9

0.6

30.6

18.1

19.1

–

0.40

EQUITY – SMALL CAP FUNDS

LIC MF Small Cap Fund

33.7

411

2.5

1.4

43.2

26.3

30.6

–

0.55

EQUITY – TAX SAVING (ELSS) FUNDS

Mahindra Manulife ELSS Tax Saver Fund

27.2

931

2.2

0.6

15.8

14.9

17.9

–

0.38

HYBRID – EQUITY SAVINGS FUNDS

Mahi Manu Eq Sav Dhan San Yojana

19.8

580

2.4

0.7

9.9

9.0

10.8

–

0.33

HYBRID – AGGRESSIVE HYBRID FUNDS

Mirae Asset Aggressive Hybrid Fund

30.5

9054

1.7

0.4

16.0

12.7

14.2

–

0.36

EQUITY – LARGE CAP FUNDS

Mirae Asset Large Cap Fund

107.1

39555

1.5

0.6

15.6

12.5

14.5

13.3

0.31

EQUITY – SECTOR – BANKING FUNDS

Nippon India Banking & Financial Services Fund

561.0

6307

1.9

1.1

11.7

19.3

13.8

12.4

0.25

EQUITY – FOCUSED FUNDS

Nippon India Focused Equity Fund

114.3

8412

1.9

1.2

14.0

16.2

19.2

13.8

0.36

EQUITY – TAX SAVING (ELSS) FUNDS

PGIM India ELSS Tax Saver Fund

34.2

770

2.3

0.7

18.5

15.0

18.5

–

0.38

EQUITY – LARGE CAP FUNDS

SBI Blue Chip Fund

87.9

50502

1.5

0.8

16.1

14.8

16.0

13.0

0.34

HYBRID – AGGRESSIVE HYBRID FUNDS

SBI Equity Hybrid Fund

276.1

72428

1.4

0.7

16.7

12.1

13.7

12.1

0.34

HYBRID – EQUITY SAVINGS FUNDS

SBI Equity Savings Fund

23.3

5982

1.4

0.9

12.8

10.9

11.2

–

0.36

EQUITY – FOCUSED FUNDS

SBI Focused Equity Fund

329.6

34747

1.6

0.7

19.7

11.1

16.5

14.3

0.35

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

SBI Infrastructure Fund

49.8

5006

1.9

0.9

26.3

27.7

25.9

16.6

0.49

EQUITY – LARGE & MID CAP FUNDS

SBI Large & Midcap Fund

589.1

29329

1.6

0.7

22.3

18.7

21.0

15.4

0.41

EQUITY – MID CAP FUNDS

SBI Magnum Midcap Fund

234.9

21455

1.7

0.8

23.6

20.6

27.2

16.4

0.51

EQUITY – SMALL CAP FUNDS

SBI Small Cap Fund

179.0

33285

1.6

0.7

28.5

21.1

27.4

20.9

0.55

HYBRID – AGGRESSIVE HYBRID FUNDS

Sundaram Aggressive Hybrid Fund

156.4

5469

1.8

0.7

18.3

13.1

15.2

12.4

0.39

HYBRID – BALANCED ADVANTAGE FUNDS

Sundaram Balanced Advantage Fund

34.0

1540

2.1

0.6

14.0

11.1

10.4

7.8

0.43

EQUITY – FOCUSED FUNDS

Sundaram Focused Fund

160.3

1118

2.3

1.3

20.6

14.8

18.2

13.6

0.40

EQUITY – SECTOR – BANKING FUNDS

Tata Banking and Financial Services Fund

38.4

2378

2.0

0.5

10.6

16.8

12.3

–

0.25

EQUITY – VALUE FUNDS

Tata Equity P/E Fund

347.2

8640

1.8

0.8

24.9

22.3

20.1

15.1

0.42

HYBRID – EQUITY SAVINGS FUNDS

Tata Equity Savings Fund

53.0

224

1.1

0.5

12.3

9.4

9.2

7.4

0.36

EQUITY – THEMATIC – CONSUMPTION FUNDS

Tata India Consumer Fund

45.8

2414

2.0

0.7

29.3

21.9

21.7

–

0.48

EQUITY – LARGE & MID CAP FUNDS

Tata Large & Mid Cap Fund

513.4

8342

1.8

0.6

18.8

18.1

18.5

13.9

0.39

EQUITY – LARGE CAP FUNDS

Tata Large Cap Fund

481.7

2436

2.0

1.0

16.2

14.8

15.6

11.9

0.32

EQUITY – MID CAP FUNDS

Tata Mid Cap Growth Fund

424.1

4494

1.9

0.7

25.9

22.1

24.8

16.6

0.49

EQUITY – MID CAP FUNDS

Taurus Mid Cap Fund

119.0

130

2.6

2.1

15.8

19.8

22.5

15.7

0.47

EQUITY – VALUE FUNDS

Templeton India Value Fund

691.2

2199

2.1

0.9

19.3

22.4

23.4

14.3

0.44

EQUITY – TAX SAVING (ELSS) FUNDS

Union ELSS Tax Saver Fund

63.5

935

2.3

1.3

19.7

16.3

19.7

12.3

0.42

EQUITY – SMALL CAP FUNDS

Union Small Cap Fund

51.4

1662

2.1

1.0

25.9

22.6

30.2

16.0

0.55

HYBRID – AGGRESSIVE HYBRID FUNDS

UTI Aggressive Hybrid Fund

393.4

6107

1.9

1.2

22.5

17.8

18.6

12.3

0.44

HYBRID – CONSERVATIVE HYBRID FUNDS

UTI Conservative Hybrid Fund

66.4

1649

1.8

1.2

12.5

9.0

9.9

8.4

0.49

EQUITY – TAX SAVING (ELSS) FUNDS

UTI ELSS Tax Saver Fund

201.6

3872

1.9

0.9

18.1

12.8

17.1

12.4

0.35

EQUITY – LARGE & MID CAP FUNDS

UTI Large & Mid Cap Fund

174.6

4048

2.0

1.1

31.5

22.8

23.4

14.2

0.45

EQUITY – LARGE CAP FUNDS

UTI Large Cap Fund

260.3

12860

1.7

0.9

13.9

11.3

15.0

11.7

0.32

EQUITY – MID CAP FUNDS

UTI Mid Cap Fund

302.6

12029

1.8

0.9

26.9

19.1

25.0

15.2

0.50

EQUITY – VALUE FUNDS

UTI Value Fund

162.8

10159

1.8

1.1

27.5

19.3

20.4

13.1

0.42

HYBRID – AGGRESSIVE HYBRID FUNDS

Aditya Birla Sun Life Equity Hybrid ’95 Fund

1464.0

7684

1.9

1.1

18.1

12.7

13.8

10.6

0.31

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Aditya Birla Sun Life Infrastructure Fund

94.4

1188

2.3

1.3

28.6

27.0

26.3

14.0

0.46

EQUITY – LARGE CAP FUNDS

Axis Bluechip Fund

58.2

33547

1.6

0.7

16.3

9.4

12.4

11.8

0.29

EQUITY – FLEXI CAP FUNDS

Bandhan Flexi Cap Fund

197.2

7291

1.9

1.2

18.6

14.0

15.6

11.5

0.31

HYBRID – AGGRESSIVE HYBRID FUNDS

Bandhan Hybrid Equity Fund

24.9

810

2.3

1.0

22.6

14.7

16.3

–

0.37

HYBRID – BALANCED ADVANTAGE FUNDS

Bank of India Balanced Advantage Fund

24.0

136

2.3

1.2

9.5

14.3

10.8

7.4

0.37

EQUITY – LARGE & MID CAP FUNDS

BOI Large & Mid Cap Equity Fund

87.3

374

2.3

1.2

22.8

18.0

19.5

12.4

0.41

EQUITY – SECTOR – BANKING FUNDS

Baroda BNP Paribas Bank&Fin Serv

43.6

204

2.4

1.0

13.6

17.4

10.7

10.5

0.21

HYBRID – EQUITY SAVINGS FUNDS

DSP Equity Savings Fund

21.0

2258

1.3

0.4

12.9

10.2

9.8

–

0.29

EQUITY – FOCUSED FUNDS

DSP Focus Fund

52.3

2523

2.0

1.0

22.0

16.7

15.1

12.5

0.30

EQUITY – MID CAP FUNDS

DSP Midcap Fund

145.1

19216

1.7

0.8

25.5

18.5

20.7

15.6

0.43

HYBRID – CONSERVATIVE HYBRID FUNDS

DSP Regular Savings Fund

55.9

180

1.1

0.5

11.4

9.0

8.6

7.1

0.39

EQUITY – TAX SAVING (ELSS) FUNDS

Edelweiss Long Term Equity

108.6

398

2.3

0.7

23.5

17.0

17.5

12.7

0.36

EQUITY – LARGE CAP FUNDS

Franklin India Bluechip Fund

981.5

7847

1.8

1.1

19.5

13.2

15.7

11.4

0.33

HYBRID – CONSERVATIVE HYBRID FUNDS

Franklin India Debt Hybrid Fund

86.9

245

1.4

0.7

11.4

8.8

8.2

7.7

0.33

EQUITY – MID CAP FUNDS

Franklin India Prima Fund

2747.6

12441

1.8

1.0

36.5

24.0

23.6

16.2

0.45

EQUITY – SMALL CAP FUNDS

Franklin India Smaller Companies Fund

179.3

14045

1.7

0.9

27.1

27.6

29.6

17.6

0.52

EQUITY – VALUE FUNDS

HDFC Capital Builder Value Fund

708.6

7384

1.8

1.0

24.2

19.4

20.0

13.9

0.38

EQUITY – SMALL CAP FUNDS

HDFC Small Cap Fund

139.0

33842

1.6

0.7

23.7

24.8

29.6

18.8

0.52

HYBRID – AGGRESSIVE HYBRID FUNDS

HSBC Aggressive Hybrid Fund

56.0

5720

1.9

0.8

26.1

15.5

12.2

0.35

EQUITY – TAX SAVING (ELSS) FUNDS

HSBC ELSS Tax saver Fund

135.1

4303

1.9

1.1

36.7

20.7

19.5

14.3

0.37

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

HSBC Infrastructure Fund

48.3

2585

2.0

1.0

33.6

28.1

26.1

17.1

0.46

EQUITY – MID CAP FUNDS

HSBC Midcap Fund

406.7

11912

1.7

0.7

44.2

27.2

25.6

17.8

0.48

HYBRID – EQUITY SAVINGS FUNDS

ICICI Prudential Equity Savings Fund

21.5

12437

1.0

0.5

8.7

8.0

0.22

EQUITY – THEMATIC – CONSUMPTION FUNDS

ICICI Prudential FMCG Fund

473.1

1729

2.2

1.3

2.7

13.8

12.1

0.33

EQUITY – SECTOR – BANKING FUNDS

LIC MF Banking & Financial Services Fund

19.1

263

2.4

1.1

2.4

14.1

9.2

–

0.18

EQUITY – TAX SAVING (ELSS) FUNDS

LIC MF ELSS Tax Saver

151.3

1147

2.1

1.0

23.6

16.5

15.7

12.4

0.32

EQUITY – FLEXI CAP FUNDS

LIC MF Flexi Cap Fund

99.9

1075

2.3

1.4

21.8

15.8

14.4

9.5

0.32

EQUITY – LARGE CAP FUNDS

LIC MF Large Cap Fund

53.9

1474

2.1

1.0

16.9

11.0

12.8

10.6

0.29

HYBRID – BALANCED ADVANTAGE FUNDS

Motilal Oswal Balanced Advantage Fund

21.0

1145

2.2

1.0

12.1

11.7

9.6

–

0.27

EQUITY – FOCUSED FUNDS

Motilal Oswal Focused Fund

45.2

1865

2.1

0.9

17.6

13.0

11.8

0.29

EQUITY – LARGE & MID CAP FUNDS

Navi Large & Midcap Fund

35.2

319

2.3

0.3

18.9

14.9

17.5

–

0.33

EQUITY – LARGE & MID CAP FUNDS

Nippon India Vision Fund

1419.4

5546

2.0

1.5

30.1

22.0

21.2

12.8

0.42

EQUITY – TAX SAVING (ELSS) FUNDS

Quantum ELSS Tax Saver Fund

122.2

215

2.0

0.9

25.4

19.5

18.3

12.5

0.38

EQUITY – VALUE FUNDS

Quantum Long Term Equity Value Fund

123.1

1189

2.0

1.1

25.9

19.5

18.3

12.5

0.38

EQUITY – FLEXI CAP FUNDS

SBI Flexicap Fund

107.5

22206

1.7

0.8

18.0

14.0

16.0

13.6

0.33

EQUITY – SECTOR – IT FUNDS

SBI Technology Opportunities Fund

226.9

4586

1.9

0.8

33.5

13.5

27.3

17.5

0.59

EQUITY – TAX SAVING (ELSS) FUNDS

Sundaram ELSS Tax Saver Fund

487.9

1356

2.2

1.7

18.2

16.0

18.6

13.8

0.39

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Sundaram Infrastructure Advantage Fund

92.4

989

2.4

1.8

28.1

23.2

24.3

14.6

0.43

EQUITY – LARGE & MID CAP FUNDS

Sundaram Large and Mid Cap Fund

84.7

6918

1.8

0.7

23.8

16.7

18.1

14.7

0.35

EQUITY – MID CAP FUNDS

Sundaram Mid Cap Fund

1365.2

12425

1.7

0.9

35.5

26.7

24.6

16.3

0.44

EQUITY – TAX SAVING (ELSS) FUNDS

Tata ELSS Tax Saver Fund

43.9

4663

1.8

0.7

22.1

18.2

17.8

15.1

0.36

HYBRID – AGGRESSIVE HYBRID FUNDS

Tata Hybrid Equity Fund

426.2

4150

1.9

1.0

15.4

13.6

14.0

10.6

0.35

EQUITY – LARGE CAP FUNDS

Union Largecap Fund

22.9

438

2.5

1.6

15.0

12.6

14.8

–

0.31

EQUITY – DIVIDEND YIELD FUNDS

UTI Dividend Yield Fund

172.7

4203

2.0

1.4

28.9

19.1

21.5

13.6

0.48

EQUITY – FLEXI CAP FUNDS

UTI Flexi Cap Fund

317.7

26298

1.7

1.0

17.9

7.9

16.0

12.5

0.33

EQUITY – THEMATIC – CONSUMPTION FUNDS

UTI India Consumer Fund

56.8

715

2.4

1.5

24.2

14.3

16.0

11.4

0.36

EQUITY – TAX SAVING (ELSS) FUNDS

Aditya Birla Sun Life ELSS Tax Saver Fund

57.0

15746

1.7

1.0

19.6

12.3

11.9

11.3

0.26

EQUITY – LARGE & MID CAP FUNDS

Aditya Birla Sun Life Equity Advantage Fund

880.1

5870

1.9

1.1

18.7

10.7

15.7

12.5

0.29

HYBRID – EQUITY SAVINGS FUNDS

Aditya Birla Sun Life Equity Savings Fund

20.9

624

1.1

0.6

8.7

6.8

8.4

7.7

0.24

EQUITY – MID CAP FUNDS

Aditya Birla Sun Life Midcap Fund

770.1

5930

1.9

1.1

27.5

19.5

23.1

14.7

0.44

EQUITY – VALUE FUNDS

Aditya Birla Sun Life Pure Value Fund

126.5

6378

1.9

1.0

23.5

22.9

22.4

13.0

0.42

EQUITY – SMALL CAP FUNDS

Aditya Birla Sun Life Small Cap Fund

88.4

5160

1.9

1.0

25.3

19.1

24.1

14.8

0.42

EQUITY – TAX SAVING (ELSS) FUNDS

Axis ELSS Tax Saver Fund

92.8

36373

1.5

0.8

20.6

9.5

13.4

12.7

0.28

EQUITY – FOCUSED FUNDS

Axis Focused Fund

53.0

13289

1.7

0.8

18.1

6.3

11.3

12.3

0.24

HYBRID – CONSERVATIVE HYBRID FUNDS

Bandhan Conservative Hybrid Fund

30.7

119

2.0

1.0

8.2

6.0

6.3

6.8

0.24

EQUITY – FOCUSED FUNDS

Bandhan Focused Equity Fund

88.3

1793

2.1

0.8

33.4

19.2

18.2

12.6

0.37

EQUITY – LARGE CAP FUNDS

DSP Top 100 Equity Fund

447.2

4530

1.9

1.1

22.8

17.3

14.5

11.2

0.29

EQUITY – LARGE & MID CAP FUNDS

Franklin India Equity Advantage Fund

182.1

3545

2.0

1.3

23.4

15.3

18.1

12.1

0.34

EQUITY – SECTOR – IT FUNDS

Franklin India Technology Fund

548.9

1950

2.0

1.0

32.7

16.8

26.8

17.5

0.58

EQUITY – LARGE CAP FUNDS

Groww Largecap Fund

41.2

127

2.4

1.0

16.0

14.3

12.5

11.4

0.27

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

HDFC Infrastructure Fund

46.7

2496

2.1

1.1

29.7

34.1

25.0

11.3

0.42

HYBRID – AGGRESSIVE HYBRID FUNDS

LIC MF Aggressive Hybrid Fund

190.8

536

2.5

1.4

19.3

12.5

11.5

8.5

0.29

EQUITY – MID CAP FUNDS

LIC MF Midcap Fund

29.3

319

2.5

1.6

32.1

21.0

23.3

–

0.43

EQUITY – FLEXI CAP FUNDS

Motilal Oswal Flexi Cap Fund

62.8

12598

1.7

0.9

46.0

24.0

18.2

15.4

0.36

EQUITY – TAX SAVING (ELSS) FUNDS

Nippon India ELSS Tax Saver Fund

123.5

15666

1.7

1.0

22.2

19.3

17.6

10.6

0.34

HYBRID – AGGRESSIVE HYBRID FUNDS

Nippon India Equity Hybrid Fund

100.8

3850

2.0

1.2

18.3

16.4

13.0

10.4

0.24

HYBRID – EQUITY SAVINGS FUNDS

Nippon India Equity Savings Fund

15.4

713

1.7

0.7

8.8

8.5

5.6

–

0.09

HYBRID – CONSERVATIVE HYBRID FUNDS

Nippon India Hybrid Bond Fund

54.8

831

1.9

1.1

8.1

7.7

4.6

5.5

0.07

EQUITY – LARGE CAP FUNDS

PGIM India Large Cap Fund

324.2

594

2.4

0.9

11.6

11.4

12.5

10.5

0.26

EQUITY – THEMATIC – CONSUMPTION FUNDS

Sundaram Consumption Fund

96.6

1586

2.2

1.3

22.8

20.7

18.1

14.8

0.36

EQUITY – DIVIDEND YIELD FUNDS

Sundaram Dividend Yield Fund

135.3

941

2.3

1.0

19.2

18.1

20.0

14.2

0.46

EQUITY – SMALL CAP FUNDS

Sundaram Small Cap Fund

258.9

3424

1.9

0.8

22.8

21.8

28.4

14.9

0.48

EQUITY – FLEXI CAP FUNDS

Taurus Flexi Cap Fund

226.7

371

2.6

20.6

17.4

14.9

9.8

0.30

EQUITY – SECTOR – BANKING FUNDS

UTI Banking and Financial Services Fund

171.0

1170

2.2

1.2

12.9

16.1

10.6

9.7

0.20

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

UTI Infrastructure Fund

136.7

2252

2.2

1.8

23.0

22.6

20.7

12.6

0.39

HYBRID – BALANCED ADVANTAGE FUNDS

UTI-Unit Linked Insurance Plan

40.3

5463

1.6

1.0

12.7

7.5

9.8

8.2

0.30

EQUITY – THEMATIC – MNC FUNDS

Aditya Birla Sun Life MNC Fund

–

1341.9

3889

2.0

1.3

21.2

12.5

11.3

10.7

0.26

HYBRID – AGGRESSIVE HYBRID FUNDS

Axis Aggressive Hybrid Fund

–

19.8

1616

2.1

1.1

17.3

8.9

11.9

–

0.29

HYBRID – BALANCED ADVANTAGE FUNDS

Axis Balanced Advantage Fund

–

20.2

2599

2.0

0.8

19.5

12.7

12.2

–

0.44

EQUITY – FLEXI CAP FUNDS

Axis Flexi Cap Fund

–

26.1

12855

1.7

0.7

25.5

12.1

15.2

–

0.35

EQUITY – LARGE & MID CAP FUNDS

Axis Growth Opportunities Fund

–

31.9

14007

1.7

0.6

28.5

16.0

21.7

–

0.46

HYBRID – EQUITY SAVINGS FUNDS

Bandhan Equity Savings Fund

–

30.0

246

1.1

0.2

8.2

6.9

7.9

6.7

0.24

HYBRID – CONSERVATIVE HYBRID FUNDS

Bank of India Conservative Hybrid Fund

–

33.3

2.1

1.1

8.3

13.7

11.8

7.8

0.80

EQUITY – SMALL CAP FUNDS

Bank of India Small Cap Fund

–

49.9

1613

2.0

0.5

34.7

25.1

37.1

–

0.72

HYBRID – BALANCED ADVANTAGE FUNDS

Baroda BNP Paribas Balanced Advantage Fund

–

23.4

4213

1.9

0.7

17.3

13.6

15.8

–

0.52

EQUITY – FOCUSED FUNDS

Baroda BNP Paribas Focused Fund

–

22.0

689

2.3

0.4

20.7

16.7

16.2

–

0.35

EQUITY – THEMATIC – CONSUMPTION FUNDS

Baroda BNP Paribas India Consumption Fund

–

31.5

1466

2.1

0.6

24.7

19.3

19.6

–

0.44

EQUITY – MULTI CAP FUNDS

Baroda BNP Paribas Multi Cap Fund

–

294.5

2791

2.0

0.9

34.7

21.0

23.9

14.7

0.49

EQUITY – SMALL CAP FUNDS

Canara Robeco Small Cap Fund

–

40.4

12452

1.7

0.5

27.3

22.6

33.9

–

0.63

EQUITY – SECTOR – PHARMA FUNDS

DSP Healthcare Fund

–

40.8

3249

1.9

0.6

42.3

23.0

30.7

–

0.85

HYBRID – AGGRESSIVE HYBRID FUNDS

Edelweiss Aggressive Hybrid Fund

–

61.0

2267

2.0

0.4

21.9

18.0

17.7

12.6

0.43

EQUITY – SMALL CAP FUNDS

Edelweiss Small Cap Fund

–

45.2

4374

1.8

0.4

29.9

24.2

33.0

–

0.60

HYBRID – EQUITY SAVINGS FUNDS

Franklin India Equity Savings Fund

–

15.8

726

1.1

0.3

9.6

8.0

8.8

–

0.28

HYBRID – AGGRESSIVE HYBRID FUNDS

Groww Aggressive Hybrid Fund

–

20.2

2.3

0.9

14.9

12.5

12.6

–

0.31

EQUITY – TAX SAVING (ELSS) FUNDS

Groww ELSS Tax Saver Fund

–

20.3

2.3

0.6

22.2

16.7

14.8

–

0.32

EQUITY – VALUE FUNDS

Groww Value Fund

–

25.5

2.3

0.9

15.4

15.9

16.6

–

0.35

HYBRID – BALANCED ADVANTAGE FUNDS

HDFC Balanced Advantage Fund

–

497.9

95570

1.4

0.7

19.4

23.0

19.8

14.3

0.45

EQUITY – LARGE & MID CAP FUNDS

HSBC Large & Mid Cap Fund

–

28.4

3979

1.9

0.9

42.3

22.8

22.2

–

0.42

EQUITY – TAX SAVING (ELSS) FUNDS

HSBC Tax Saver Equity Fund

–

94.8

260

2.5

1.6

36.0

20.5

19.9

13.8

0.38

EQUITY – MULTI CAP FUNDS

ICICI Prudential Multicap Fund

–

762.7

14193

1.7

0.9

24.6

21.4

20.7

14.8

0.41

EQUITY – SECTOR – PHARMA FUNDS

ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund

–

38.8

5045

1.9

1.1

49.0

25.9

30.3

–

0.88

EQUITY – SMALL CAP FUNDS

ICICI Prudential Smallcap Fund

–

86.4

8375

1.8

0.8

19.6

21.0

27.7

16.1

0.50

HYBRID – AGGRESSIVE HYBRID FUNDS

Invesco India Aggressive Hybrid Fund

–

22.7

574

2.4

0.8

29.0

17.2

15.4

–

0.36

EQUITY – CONTRA FUNDS

Invesco India Contra Fund

–

133.9

18019

1.6

0.5

34.3

22.1

22.2

16.5

0.45

HYBRID – EQUITY SAVINGS FUNDS

Invesco India Equity Savings Fund

–

16.7

354

2.3

0.7

17.5

10.4

9.5

–

0.36

EQUITY – MULTI CAP FUNDS

Invesco India Multicap Fund

–

135.6

3897

1.9

0.7

33.3

21.0

22.9

15.2

0.44

EQUITY – SMALL CAP FUNDS

Invesco India Smallcap Fund

–

42.9

5842

1.8

0.4

41.4

28.2

32.4

–

0.58

HYBRID – BALANCED ADVANTAGE FUNDS

Kotak Balanced Advantage Fund

–

19.9

16959

1.7

0.5

16.2

11.9

12.0

–

0.32

EQUITY – CONTRA FUNDS

Kotak India EQ Contra Fund

–

146.4

4034

1.9

0.6

27.3

23.0

21.5

15.6

0.43

HYBRID – CONSERVATIVE HYBRID FUNDS

LIC MF Conservative Hybrid Fund

–

79.4

2.3

1.2

8.6

5.7

6.7

6.5

0.35

EQUITY – DIVIDEND YIELD FUNDS

LIC MF Dividend Yield Fund

–

30.2

464

2.5

1.2

35.8

21.9

22.8

–

0.50

HYBRID – EQUITY SAVINGS FUNDS

LIC MF Equity Savings Fund

–

26.2

2.0

1.0

10.2

8.5

8.7

6.7

0.26

EQUITY – FOCUSED FUNDS

LIC MF Focused Fund

–

20.7

143

2.5

1.6

16.9

12.0

15.1

–

0.33

EQUITY – SECTOR – PHARMA FUNDS

LIC MF Healthcare Fund

–

29.9

2.4

1.2

46.6

18.7

23.2

–

0.68

EQUITY – VALUE FUNDS

LIC MF Value Fund

–

26.1

143

2.5

1.6

31.8

20.3

20.5

–

0.41

EQUITY – THEMATIC – CONSUMPTION FUNDS

Mahindra Manulife Consumption Fund

–

22.6

423

2.4

0.6

25.3

19.9

17.6

–

0.37

EQUITY – LARGE CAP FUNDS

Mahindra Manulife Large Cap Fund

–

21.9

595

2.3

0.7

16.8

13.4

15.1

–

0.32

EQUITY – MID CAP FUNDS

Mahindra Manulife Mid Cap Fund

–

33.3

3461

1.9

0.5

35.2

26.1

27.9

–

0.57

EQUITY – MULTI CAP FUNDS

Mahindra Manulife Multi Cap Fund

–

34.6

4858

1.8

0.5

26.8

20.9

24.1

–

0.48

HYBRID – EQUITY SAVINGS FUNDS

Mirae Asset Equity Savings Fund

–

19.2

1374

1.3

0.3

12.5

10.2

11.5

–

0.40

EQUITY – SECTOR – PHARMA FUNDS

Mirae Asset Healthcare Fund

–

38.3

2743

1.9

0.5

40.7

19.8

28.7

–

0.82

HYBRID – AGGRESSIVE HYBRID FUNDS

Navi Aggressive Hybrid Fund

–

19.9

135

2.3

0.4

15.9

13.2

12.4

–

0.28

EQUITY – TAX SAVING (ELSS) FUNDS

Navi ELSS Tax Saver Fund

–

28.4

2.3

0.4

14.7

12.7

13.9

–

0.27

EQUITY – FLEXI CAP FUNDS

Navi Flexi Cap Fund

–

22.5

266

2.3

0.4

14.3

13.7

14.8

–

0.30

HYBRID – BALANCED ADVANTAGE FUNDS

Nippon India Balanced Advantage Fund

–

168.9

8850

1.8

0.6

15.3

12.4

10.3

0.36

EQUITY – THEMATIC – CONSUMPTION FUNDS

Nippon India Consumption Fund

–

191.4

2188

2.0

0.6

21.9

21.2

22.9

13.8

0.51

EQUITY – MULTI CAP FUNDS

Nippon India Multi Cap Fund

–

289.0

39001

1.6

0.7

29.8

27.5

24.3

14.9

0.43

EQUITY – SECTOR – PHARMA FUNDS

Nippon India Pharma Fund

–

513.0

8638

1.8

0.9

36.4

20.9

27.6

15.5

0.78

HYBRID – EQUITY SAVINGS FUNDS

PGIM India Equity Savings Fund

–

47.4

1.3

0.5

7.8

6.4

7.0

7.9

0.21

HYBRID – AGGRESSIVE HYBRID FUNDS

PGIM India Hybrid Equity Fund

–

125.5

212

2.3

0.8

16.0

10.1

11.8

8.7

0.26

EQUITY – MULTI CAP FUNDS

Quant Active Fund

–

635.6

10614

1.7

0.6

17.0

17.2

27.8

18.5

0.52

EQUITY – FLEXI CAP FUNDS

Quant Flexi Cap Fund

–

94.9

7331

1.8

0.6

21.1

20.2

30.8

18.3

0.61

EQUITY – CONTRA FUNDS

SBI Contra Fund

–

374.6

41907

1.5

0.6

23.4

24.6

29.4

16.1

0.60

EQUITY – SECTOR – PHARMA FUNDS

SBI Healthcare Opportunities Fund

–

425.3

3460

2.0

0.9

43.9

25.2

29.2

13.9

0.80

EQUITY – THEMATIC – MNC FUNDS

SBI Magnum Global Fund

–

375.9

6635

1.9

1.2

11.8

10.0

16.3

12.1

0.39

HYBRID – AGGRESSIVE HYBRID FUNDS

Shriram Aggressive Hybrid Fund

–

31.5

2.3

0.8

15.0

12.6

12.2

9.5

0.31

EQUITY – TAX SAVING (ELSS) FUNDS

Shriram ELSS Tax Saver Fund

–

22.5

2.3

0.7

19.3

15.2

15.0

–

0.34

EQUITY – FLEXI CAP FUNDS

Shriram Flexi Cap Fund

–

21.8

141

2.3

0.7

18.6

15.9

14.9

–

0.32

HYBRID – CONSERVATIVE HYBRID FUNDS

Sundaram Conservative Hybrid Fund

–

28.7

2.1

1.2

8.2

6.9

8.2

7.2

0.39

EQUITY – TAX SAVING (ELSS) FUNDS

Sundaram Diversified Equity

–

211.8

1558

2.2

1.6

14.3

14.5

15.4

11.9

0.30

EQUITY – MULTI CAP FUNDS

Sundaram Multi Cap Fund

–

368.0

2761

2.0

0.9

21.1

17.3

20.5

15.0

0.41

HYBRID – BALANCED ADVANTAGE FUNDS

Tata Balanced Advantage Fund

–

19.8

10258

1.7

0.4

12.4

11.7

12.9

–

0.44

EQUITY – FLEXI CAP FUNDS

Tata Flexi Cap Fund

–

22.5

2976

1.9

0.7

14.8

13.4

14.8

–

0.33

EQUITY – SECTOR – PHARMA FUNDS

Tata India Pharma & Healthcare Fund

–

30.8

1214

2.1

0.7

42.2

22.7

27.4

–

0.80

EQUITY – SMALL CAP FUNDS

Tata Small Cap Fund

–

42.4

9572

1.7

0.3

36.5

26.7

32.4

–

0.62

EQUITY – SECTOR – BANKING FUNDS

Taurus Banking & Financial Services Fund

–

49.4

2.5

1.8

9.6

15.0

10.7

10.4

0.21

EQUITY – TAX SAVING (ELSS) FUNDS

Taurus ELSS Tax Saver Fund

–

183.8

2.5

1.9

24.5

20.2

17.5

13.7

0.37

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Taurus Infrastructure Fund

–

67.0

2.5

2.0

24.6

22.4

14.4

0.46

EQUITY – LARGE CAP FUNDS

Taurus Large Cap Fund

–

153.8

2.6

2.5

21.7

16.8

14.5

10.1

0.30

HYBRID – BALANCED ADVANTAGE FUNDS

Union Balanced Advantage Fund

–

19.5

1457

2.1

1.0

11.9

9.7

11.5

–

0.35

HYBRID – EQUITY SAVINGS FUNDS

Union Equity Savings Fund

–

16.3

140

2.0

1.4

9.5

7.5

8.2

–

0.30

EQUITY – VALUE FUNDS

Union Value Fund

–

27.4

300

2.5

1.3

20.2

19.7

20.4

–

0.43

HYBRID – EQUITY SAVINGS FUNDS

UTI Equity Savings Fund

–

17.5

642

1.7

0.8

10.3

10.8

11.0

–

0.46

EQUITY – SECTOR – PHARMA FUNDS

UTI Healthcare Fund

–

286.4

1203

2.2

1.3

45.2

22.1

27.6

13.2

0.80

EQUITY – THEMATIC – MNC FUNDS

UTI MNC Fund

–

390.5

2981

2.0

1.2

21.4

14.0

14.9

11.5

0.36

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Why This Large Cap Fund Is Back In The Reckoning After A Lull

by Hansraj Agrawal | Dec 20, 2024 | Share Market

Amidst choppy markets, with FPIs selling at regular intervals and DIIs mostly in buying mode, investors may be better of getting into pockets where volatility is lower and there exists some valuation comfort. Large-caps perfectly fit this requirement for investors with moderate risk appetites.

At present, large-caps are reasonably valued and could also remain relatively insulated in case of stronger corrections.

In general, across market cycles, large-caps must form a critical part of the portfolio holdings in the case of investors with moderate to medium risk appetites.

In this regard, investors can consider the Aditya Birla Sun Life Frontline Equity fund (ABSL Frontline Equity) for long-term goals that are 7-10 years away.

The 22-year-old fund has been on a robust revival mode over the past 2-3 years after a period of prolonged relative underperformance.

Over longer timeframes, the scheme tends to deliver above-average returns that usually exceed the benchmark comfortably.

Taking the SIP route for taking exposure to the fund would help average costs and reduce portfolio volatility.

Returning to the fast track

ABSL Frontline Equity was among the top quartile performers for the better part of the first 10-15 years of its operations. Then, after SEBI’s recategorisation and the relatively narrowly led markets over the second half of the previous decade led to the fund getting into the slow lane. However, from mid-2022, the fund’s performance has been on the mend.

Over the past 1-year, 3-year, 5-year and 10-year timeframes, the fund has delivered 22.4 per cent, 16.4 per cent, 18.5 per cent and 14 per cent, respectively on a point-to-point basis. The scheme outperformed its benchmark, Nifty 100 TRI, by 50-300 basis points across time periods.

When three-year rolling returns over the past the six-year period (December 2018 to December 2024) are considered, the fund has delivered mean returns of 18.1 per cent. For comparison, the Nifty 100 TRI delivered average returns of 17.4 per cent, which is quite reasonable in a market cap segment where beating the benchmark is quite challenging.

Also, in the period mentioned above, on a 3-year rolling basis, the scheme has beaten its benchmark Nifty 100 TRI nearly 69 per cent of the time. It has delivered more than 12 per cent over 96 per cent of the time during this period and more than 15 per cent nearly 82 per cent of the time.

The fund’s SIP returns (XIRR) over the past 7 years are healthy at 18.4 per cent. An SIP in the Nifty 100 TRI would have returned 17.4 per cent over the same period.

All return figures pertain to the direct plan of the fund.

ABSL Frontline Equity fund has an upside capture ratio of 99.4, indicating that its NAV rises marginally less than the benchmark during rallies. But more importantly, it has a downside capture ratio of just 87.9, suggesting that the scheme’s NAV falls much less than the Nifty 100 TRI during corrections. A score of 100 indicates that a fund performs in line with its benchmark. These observations are based on data from December 2021-December 2024.

Steady portfolio

In keeping with its mandate of having a large-cap portfolio, the fund holds 85 per cent (give or take a couple of percentage points) of its holdings in such stocks. However, ABSL Frontline Equity also holds 7-10 per cent of its portfolio in mid-caps, to derive a kicker to the overall returns. The cash position has been to the tune of 4-5 per cent across market cycles.

Though the key players in any sector are preferred, the fund has managed to zero in on the winners and increased weightage of those firms in the portfolio. So, ICICI Bank, HCL Technologies, Mahindra & Mahindra, Tata Motors, Sun Pharma and Cipla were preferred a bit more over others in the portfolio. This selection helped the fund derive better returns even if any sector wasn’t particularly doing well at a larger level.

In terms of sectors held, banks and software companies always figure on top of the fund’s holdings across timeframes. This shows ABSL Frontline Equity’s focus on relative valuations. Depending on the traction in segments, automobiles, pharmaceuticals, construction and petroleum products have figured prominently in the portfolio at various points in time.

The fund generally held 50-plus stocks in its portfolio. The recent portfolio shows 80-plus stocks. Exposure to individual stocks is less than 5 per cent barring the top few holdings, and is diffused.

Overall, ABSL Frontline Equity is well-suited for investors looking to save for financial targets that are due a decade away.

Those looking for the long-term of at least seven-plus years can consider the scheme via the systematic investment route.

Why invest

Suits long-term goals 7-10 years away

Outperformed its benchmark Nifty 100 TRI

Over longer timeframes, fund delivers above-average returns

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NFO Review: ICICI Prudential Nifty 500 Index Fund

by Hansraj Agrawal | Dec 14, 2024 | Share Market

ICICI Prudential mutual fund has launched a passively managed index fund that will cover about 92 per cent of India’s listed equity universe. The New Fund Offer (NFO), ICICI Prudential Nifty 500 Index Fund is open till December 17.

Index funds are passively managed mutual funds trying to replicate the performance of the underlying benchmark. These funds do not require a high level of intervention from fund managers. Passive funds score over actively managed funds on lower expense ratio and present no fund manager risk.

ICICI Prudential Nifty 500 Index Fund will invest in the stocks comprising the Nifty 500 Index, in the same weightage they carry in the Index. The Nifty 500 Index is made up of the top 500 Companies in terms of full market capitalisation listed on the NSE.

A well-diversified portfolio

The Nifty 500 index is one of the broad-based indices in India that covers the maximum universe of about 92 per cent of the free float market capitalisation of the stocks listed on NSE as on September 30, 2024, according to NSE.

It offers sector-level diversification encompassing over 50 industries.

The Nifty 500 index has allocations across sectors and market capitalisations. It comprises the stocks that are present in the portfolio of Nifty 50, Nifty Next 50, Nifty Midcap 150 and Nifty Smallcap 250 indices. By investing in Nifty 500, one can get exposure to these indices.

Though the index covers almost all marketcap segments, allocation to every segment is not proportionate, as they are built based totally on the market capitalisation of the stocks. For instance, the weight of the Nifty 50, Nifty Next 50, Nifty Midcap 150 and Nifty Smallcap 250 stocks in Nifty 500 was 59 per cent, 13 per cent, 18 per cent and 10 per cent, respectively as of November 2024. These features make it somewhat similar to the flexi-cap category.

Investors wanting equal proportion to the mega, large, mid and small-cap segments, can consider investing in the index funds that represent these indices separately.

The Nifty 500 index is re-balanced on semi-annual basis. The churning ratio of the Nifty 500 has been low, averaging 10 per cent a year for the last five years, in contrast to the Nifty midcap 150, for instance, which has a churning ratio of over 40 per cent a year.

The Nifty 500 index has delivered better returns over the long term.

Performance as measured by the 10-year rolling returns calculated from the last 20 years show that the Nifty 500 Total Return Index (TRI) delivered a compounded annualised return of 12.7 per cent while the Nifty 50 TRI gave 12.15 per cent. Meanwhile, the other broader market index, Nifty Total Market TRI generated 12.8 per cent during the period.

The notable allocation to mid and small-cap segments helped Nifty 500 deliver higher returns than the Nifty 50.

Should you invest?

Investors looking at market-linked returns, reduce the chances of underperformance vis-à-vis the broader markets and not wanting to take fund manager risk, can consider Nifty 500 index funds.

They are suitable for investors wanting to participate in India’s growth story as it covers the maximum investible universe of the Indian stock markets.

Currently, four fund houses offer passive funds that track the Nifty 500 index (either index funds or ETFs), and two fund houses offer passive funds that track the S&P BSE 500 index. Three fund houses offer index funds that track Nifty Total Market Index. The expense ratio of these passive funds was ranging between 0.21 and 1 per cent. Most of them have short track-record of less than three years.

In terms of performance and portfolio composition, the Nifty 500 and the BSE 500 are largely comparable. Nifty Total Market Index covers the largest universe of 750 stocks listed on NSE.

Investors with medium risk profile can consider a Nifty 500 index fund in their long-term portfolio.

Considering the current volatility in the market, it is advisable to invest in a staggered route through systematic investment plans. The minimum investment horizon should be 10 years or more.

The USP

The Nifty 500 index covers the maximum universe of about 92 per cent of free float market capitalisation of stocks listed on NSE

Source link

Mutual Funds returns

by Hansraj Agrawal | Dec 14, 2024 | Share Market

EQUITY – FOCUSED FUNDS

360 ONE Focused Equity Fund

47.7

7305

1.8

0.9

24.1

16.2

21.7

16.3

0.41

EQUITY – TAX SAVING (ELSS) FUNDS

Bank of India ELSS Tax Saver

177.1

1453

2.0

0.8

31.9

20.3

26.3

17.3

0.53

HYBRID – AGGRESSIVE HYBRID FUNDS

BOI AXA Mid & Small Cap Eq&Debt

40.2

1054

2.1

0.8

30.6

18.9

27.6

–

0.58

EQUITY – LARGE CAP FUNDS

Canara Robeco Bluechip Equity Fund

62.9

14824

1.7

0.5

26.5

14.8

18.4

14.1

0.39

EQUITY – THEMATIC – CONSUMPTION FUNDS

Canara Robeco Consumer Trends Fund

110.7

1747

2.1

0.8

25.5

18.1

21.2

16.4

0.42

HYBRID – BALANCED ADVANTAGE FUNDS

Edelweiss Balanced Advantage Fund

50.3

12381

1.7

0.5

18.6

12.0

15.5

11.1

0.55

HYBRID – EQUITY SAVINGS FUNDS

Edelweiss Equity Savings Fund

24.1

561

1.6

0.6

14.2

9.6

10.8

8.9

0.58

EQUITY – LARGE & MID CAP FUNDS

HDFC Large and Mid Cap Fund

339.6

23989

1.7

0.9

26.7

21.7

24.1

14.5

0.44

HYBRID – BALANCED ADVANTAGE FUNDS

ICICI Prudential Balanced Advantage Fund

70.3

60534

1.5

0.9

15.9

12.8

13.2

11.2

0.33

EQUITY – LARGE CAP FUNDS

ICICI Prudential Bluechip Fund

108.4

63938

1.4

0.9

26.1

18.4

19.7

14.4

0.39

EQUITY – FOCUSED FUNDS

ICICI Prudential Focused Equity Fund

88.1

9945

1.7

0.6

34.4

21.4

25.1

14.5

0.56

EQUITY – SECTOR – IT FUNDS

ICICI Prudential Technology Fund

225.9

13990

1.8

1.0

40.6

11.2

31.8

19.1

0.58

EQUITY – VALUE FUNDS

ICICI Prudential Value Discovery Fund

453.3

48988

1.5

1.0

28.2

23.2

26.3

15.8

0.57

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Invesco India Infrastructure Fund

67.6

1609

2.1

0.7

43.7

28.7

31.5

18.0

0.57

EQUITY – FLEXI CAP FUNDS

JM Flexicap Fund

106.8

5012

1.8

0.5

40.6

27.1

25.4

17.9

0.50

EQUITY – LARGE CAP FUNDS

JM Large Cap Fund

161.6

495

2.4

0.7

26.5

17.8

18.9

12.0

0.58

EQUITY – VALUE FUNDS

JM Value Fund

104.4

1073

2.2

1.0

33.8

26.1

25.7

18.1

0.47

HYBRID – CONSERVATIVE HYBRID FUNDS

Kotak Debt Hybrid Fund

57.2

3035

1.7

0.5

13.9

10.0

11.8

9.7

0.59

EQUITY – MID CAP FUNDS

Motilal Oswal Midcap Fund

113.9

22898

1.6

0.5

62.4

35.4

33.8

20.9

0.57

EQUITY – SMALL CAP FUNDS

Nippon India Small Cap Fund

181.0

61646

1.4

0.7

34.2

28.3

36.8

22.8

0.60

EQUITY – FLEXI CAP FUNDS

Parag Parikh Flexi Cap Fund

82.2

84641

1.3

0.6

28.8

16.4

25.6

18.2

0.55

EQUITY – MID CAP FUNDS

PGIM India Midcap Opportunities Fund

65.6

11093

1.7

0.5

26.0

14.1

29.7

16.6

0.56

HYBRID – AGGRESSIVE HYBRID FUNDS

Quant Absolute Fund

411.7

2199

2.0

0.7

18.6

13.1

24.2

15.5

0.54

EQUITY – TAX SAVING (ELSS) FUNDS

Quant ELSS Tax Saver Fund

368.3

10799

1.7

0.6

19.9

17.2

31.4

21.2

0.56

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Quant Infrastructure Fund

40.3

3585

1.9

0.7

33.2

22.8

35.7

19.3

0.55

EQUITY – LARGE & MID CAP FUNDS

Quant Large & Mid Cap Fund

119.3

3693

1.9

0.6

25.8

19.9

25.9

18.7

0.52

EQUITY – MID CAP FUNDS

Quant Mid Cap Fund

226.4

8941

1.7

0.6

25.8

22.5

32.6

18.4

0.62

EQUITY – SMALL CAP FUNDS

Quant Small Cap Fund

270.8

27161

1.6

0.6

32.8

25.9

46.8

20.8

0.75

HYBRID – CONSERVATIVE HYBRID FUNDS

SBI Conservative Hybrid Fund

70.2

10046

1.1

0.6

13.4

9.4

11.4

9.3

0.57

EQUITY – TAX SAVING (ELSS) FUNDS

SBI Long Term Equity Fund

441.7

27847

1.6

0.9

37.9

25.3

25.4

15.4

0.49

HYBRID – EQUITY SAVINGS FUNDS

Sundaram Equity Savings Fund

68.5

1005

2.2

0.6

15.2

10.5

13.2

9.6

0.54

EQUITY – SECTOR – BANKING FUNDS

Sundaram Financial Services Opportunities Fund

99.5

1450

2.1

0.8

13.5

18.3

15.7

13.4

0.27

EQUITY – DIVIDEND YIELD FUNDS

Templeton India Equity Income Fund

143.0

2399

2.1

1.2

30.9

20.7

25.7

15.9

0.52

HYBRID – BALANCED ADVANTAGE FUNDS

Aditya Birla SL Bal Advantage

101.7

7400

1.8

0.7

17.8

11.7

13.0

10.8

0.34

EQUITY – SMALL CAP FUNDS

AXIS Small Cap Fund

109.4

24353

1.6

0.6

31.0

21.4

28.4

19.7

0.52

EQUITY – LARGE & MID CAP FUNDS

Bandhan Core Equity Fund

134.0

7293

1.8

0.6

36.8

24.5

24.2

16.3

0.43

EQUITY – TAX SAVING (ELSS) FUNDS

Bandhan ELSS Tax Saver Fund

152.9

6894

1.8

0.7

20.7

16.5

22.9

15.8

0.40

EQUITY – VALUE FUNDS

Bandhan Sterling Value Fund

150.8

10054

1.8

0.7

26.3

19.8

26.3

16.1

0.43

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

BOI AXA Manufacturing & Infra

58.3

539

2.3

0.8

36.8

26.0

31.5

17.4

0.61

HYBRID – AGGRESSIVE HYBRID FUNDS

Baroda BNP Paribas Aggressive Hybrid Fund

28.2

1180

2.1

0.5

25.8

15.3

17.0

–

0.41

EQUITY – LARGE CAP FUNDS

Baroda BNP Paribas Large Cap Fund

225.0

2403

2.0

0.8

29.3

17.2

18.4

13.7

0.38

EQUITY – TAX SAVING (ELSS) FUNDS

Canara Robeco ELSS Tax Saver

178.6

8817

1.7

0.6

26.0

15.0

21.4

14.9

0.43

EQUITY – TAX SAVING (ELSS) FUNDS

DSP ELSS Tax Saver Fund

140.4

16835

1.6

0.7

32.4

20.3

22.3

16.6

0.42

EQUITY – LARGE CAP FUNDS

Edelweiss Large Cap Fund

84.1

1100

2.2

0.7

22.9

15.6

17.6

13.3

0.34

EQUITY – MID CAP FUNDS

Edelweiss Mid Cap Fund

103.1

8280

1.7

0.4

44.6

25.9

31.2

19.6

0.56

EQUITY – FLEXI CAP FUNDS

Franklin India Flexi Cap Fund

1666.3

17808

1.7

0.9

30.4

19.9

23.2

15.2

0.43

EQUITY – FLEXI CAP FUNDS

HDFC Flexi Cap Fund

1916.3

66304

1.4

0.8

30.6

24.7

23.5

15.2

0.43

EQUITY – FOCUSED FUNDS

HDFC Focused 30 Fund

220.5

15521

1.7

0.6

29.8

25.1

23.4

14.2

0.44

HYBRID – CONSERVATIVE HYBRID FUNDS

HDFC Hybrid Debt Fund

79.9

3322

1.8

1.2

12.7

10.3

11.2

8.9

0.54

EQUITY – MID CAP FUNDS

HDFC Mid-Cap Opportunities Fund

194.0

76061

1.4

0.7

33.2

28.0

29.6

18.7

0.55

HYBRID – BALANCED ADVANTAGE FUNDS

HSBC Balanced Advantage Fund

43.6

1523

2.1

0.8

19.4

12.1

11.6

8.7

0.38

HYBRID – EQUITY SAVINGS FUNDS

HSBC Equity Savings Fund

34.0

583

1.5

0.6

25.0

14.0

13.9

9.5

0.45

EQUITY – DIVIDEND YIELD FUNDS

ICICI Prudential Dividend Yield Equity Fund

51.1

4783

1.9

0.6

30.2

24.6

26.7

15.2

0.53

HYBRID – AGGRESSIVE HYBRID FUNDS

ICICI Prudential Equity & Debt Fund

373.7

40089

1.6

1.0

23.7

19.8

22.0

15.4

0.50

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

ICICI Prudential Infrastructure Fund

195.3

6990

1.9

1.2

38.5

34.8

31.7

17.2

0.53

EQUITY – LARGE & MID CAP FUNDS

ICICI Prudential Large & Mid Cap Fund

957.4

17694

1.7

0.8

28.4

21.3

23.8

15.2

0.45

HYBRID – CONSERVATIVE HYBRID FUNDS

ICICI Prudential Regular Savings Fund

72.3

3201

1.7

0.9

12.7

9.3

9.9

9.4

0.63

EQUITY – SECTOR – BANKING FUNDS

Invesco India Financial Services Fund

133.9

1110

2.2

0.9

26.4

20.0

16.2

15.2

0.27

HYBRID – AGGRESSIVE HYBRID FUNDS

JM Aggressive Hybrid Fund

127.4

720

2.3

0.7

33.5

23.3

24.9

13.2

0.60

EQUITY – TAX SAVING (ELSS) FUNDS

JM ELSS Tax Saver Fund

50.6

183

2.4

1.3

36.6

20.4

22.7

16.5

0.42

EQUITY – LARGE CAP FUNDS

Kotak Bluechip Fund

569.7

9498

1.8

0.6

25.1

14.9

17.8

13.5

0.35

EQUITY – MID CAP FUNDS

Kotak Emerging Equity Fund

136.7

52049

1.4

0.4

39.9

23.2

27.9

19.2

0.51

HYBRID – AGGRESSIVE HYBRID FUNDS

Kotak Equity Hybrid Fund

62.8

6815

1.8

0.5

27.9

16.3

18.9

13.4

0.41

EQUITY – LARGE & MID CAP FUNDS

Kotak Equity Opportunities Fund

346.9

25648

1.6

0.5

32.7

21.2

22.5

16.3

0.43

HYBRID – EQUITY SAVINGS FUNDS

Kotak Equity Savings Fund

25.6

7974

1.8

0.6

14.6

11.8

11.5

9.6

0.42

EQUITY – SMALL CAP FUNDS

Kotak Small Cap Fund

282.0

17732

1.6

0.5

32.1

18.8

31.5

19.4

0.54

EQUITY – TAX SAVING (ELSS) FUNDS

Mirae Asset ELSS Tax Saver Fund

48.8

25315

1.6

0.6

26.9

15.7

20.9

–

0.40

EQUITY – THEMATIC – CONSUMPTION FUNDS

Mirae Asset Great Consumer Fund

93.8

4156

1.8

0.4

23.0

19.0

20.4

16.2

0.40

EQUITY – LARGE & MID CAP FUNDS

Mirae Asset Large & Midcap Fund

151.2

38680

1.5

0.6

24.9

15.2

21.5

18.8

0.41

EQUITY – TAX SAVING (ELSS) FUNDS

Motilal Oswal ELSS Tax Saver Fund

56.3

4187

1.8

0.7

54.6

27.5

24.8

–

0.44

EQUITY – MID CAP FUNDS

Nippon India Growth Fund

4197.1

34584

1.6

0.8

34.2

26.4

30.2

18.9

0.55

EQUITY – LARGE CAP FUNDS

Nippon India Large Cap Fund

89.9

35313

1.6

0.7

27.1

21.4

20.6

14.6

0.37

EQUITY – VALUE FUNDS

Nippon India Value Fund

232.3

8536

1.9

1.2

32.8

23.7

25.6

16.7

0.46

EQUITY – FLEXI CAP FUNDS

PGIM India Flexi Cap Fund

36.5

6354

1.8

0.4

23.0

10.4

21.6

–

0.42

EQUITY – FOCUSED FUNDS

Quant Focused Fund

87.9

1118

2.2

0.7

21.3

16.3

22.3

16.3

0.43

EQUITY – SECTOR – BANKING FUNDS

SBI Banking & Financial Services Fund

39.9

6548

1.8

0.7

25.6

17.1

14.8

–

0.25

EQUITY – THEMATIC – CONSUMPTION FUNDS

SBI Consumption Opportunities Fund

332.8

3074

2.0

0.9

27.9

21.9

23.6

16.2

0.44

EQUITY – SECTOR – IT FUNDS

Tata Digital India Fund

56.9

12659

1.7

0.4

46.1

13.9

30.9

–

0.59

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Tata Infrastructure Fund

188.3

2404

2.1

1.1

32.1

26.4

28.2

16.6

0.53

EQUITY – FLEXI CAP FUNDS

Union Flexi Cap Fund

52.0

2269

2.0

0.9

23.2

14.9

20.4

12.7

0.40

EQUITY – SECTOR – BANKING FUNDS

Aditya Birla SL Bank & Fin Serv

58.0

3270

2.0

1.1

15.9

14.3

13.2

13.8

0.22

EQUITY – SECTOR – IT FUNDS

Aditya Birla Sun Life Digital India Fund

197.6

5333

1.9

0.8

32.3

11.8

29.9

19.8

0.55

EQUITY – DIVIDEND YIELD FUNDS

Aditya Birla Sun Life Dividend Yield Fund

473.1

1537

2.2

1.4

29.9

22.9

24.4

12.9

0.47

EQUITY – FLEXI CAP FUNDS

Aditya Birla Sun Life Flexi Cap Fund

1766.0

22440

1.7

0.9

27.7

15.5

18.6

14.5

0.34

EQUITY – FOCUSED FUNDS

Aditya Birla Sun Life Focused Fund

140.9

7706

1.8

0.9

27.8

15.2

17.7

13.0

0.34

EQUITY – LARGE CAP FUNDS

Aditya Birla Sun Life Frontline Equity Fund

521.8

29323

1.7

1.0

24.4

15.3

17.6

12.9

0.34

EQUITY – THEMATIC – CONSUMPTION FUNDS

Aditya Birla Sun Life India GenNext Fund

214.9

5892

1.9

0.8

23.1

15.7

18.8

15.9

0.37

HYBRID – CONSERVATIVE HYBRID FUNDS

Aditya Birla Sun Life Regular Savings Fund

64.4

1426

1.9

1.0

12.7

8.7

9.9

8.7

0.40

HYBRID – CONSERVATIVE HYBRID FUNDS

Axis Conservative Hybrid Fund

29.0

297

2.2

1.0

10.0

5.7

8.4

7.0

0.42

HYBRID – EQUITY SAVINGS FUNDS

Axis Equity Savings Fund

21.8

1015

2.3

1.0

14.6

8.8

10.2

–

0.32

EQUITY – MID CAP FUNDS

Axis Midcap Fund

114.3

30330

1.6

0.5

36.7

17.5

23.6

16.9

0.51

HYBRID – BALANCED ADVANTAGE FUNDS

Bandhan Balanced Advantage Fund

24.1

2283

2.0

0.7

18.4

9.6

11.4

8.8

0.27

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Bandhan Infrastructure Fund

54.1

1798

2.1

0.8

49.4

30.1

31.6

17.4

0.51

EQUITY – LARGE CAP FUNDS

Bandhan Large Cap Fund

76.9

1760

2.1

0.9

27.8

15.0

17.8

12.4

0.36

HYBRID – CONSERVATIVE HYBRID FUNDS

Baroda BNP Paribas Conser Hybrid

43.6

747

2.0

0.5

11.3

7.7

7.9

7.4

0.40

EQUITY – TAX SAVING (ELSS) FUNDS

Baroda BNP Paribas ELSS Tax Saver Fund

98.1

952

2.2

1.0

31.6

17.5

19.1

13.7

0.39

EQUITY – MID CAP FUNDS

Baroda BNP Paribas Mid Cap Fund

103.5

2145

2.0

0.5

32.7

21.1

26.3

16.9

0.51

HYBRID – CONSERVATIVE HYBRID FUNDS

Canara Robeco Conservative Hybrid Fund

94.5

957

1.9

0.7

12.4

7.8

9.6

8.2

0.51

EQUITY – LARGE & MID CAP FUNDS

Canara Robeco Emerging Equities

262.8

24629

1.6

0.6

33.7

16.9

22.3

17.1

0.43

HYBRID – AGGRESSIVE HYBRID FUNDS

Canara Robeco Equity Hybrid Fund

357.4

10905

1.7

0.6

21.3

13.3

16.4

12.9

0.42

EQUITY – FLEXI CAP FUNDS

Canara Robeco Flexi Cap Fund

338.9

12908

1.7

0.6

25.4

14.0

19.2

14.0

0.40

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Canara Robeco Infrastructure Fund

164.5

867

2.3

1.0

45.2

29.4

30.0

17.1

0.55

HYBRID – AGGRESSIVE HYBRID FUNDS

DSP Aggressive Hybrid Fund

349.7

10379

1.8

0.7

23.0

13.7

16.6

13.0

0.38

HYBRID – BALANCED ADVANTAGE FUNDS

DSP Dynamic Asset Allocation Fund

26.6

3201

1.9

0.7

16.1

10.2

10.6

9.0

0.32

EQUITY – LARGE & MID CAP FUNDS

DSP Equity Opportunities Fund

621.9

14023

1.7

0.7

31.0

20.4

21.7

16.3

0.41

EQUITY – FLEXI CAP FUNDS

DSP Flexi Cap Fund

104.5

11765

1.7

0.7

26.3

15.8

19.8

14.6

0.38

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

DSP India T.I.G.E.R. Fund

337.4

5515

1.9

0.8

43.4

32.5

30.0

17.8

0.51

EQUITY – SMALL CAP FUNDS

DSP Small Cap Fund

205.4

16307

1.7

0.8

31.2

22.6

31.8

19.2

0.55

EQUITY – FLEXI CAP FUNDS

Edelweiss Flexi Cap Fund

39.4

2446

2.0

0.4

35.8

19.7

21.4

–

0.41

EQUITY – LARGE & MID CAP FUNDS

Edelweiss Large & Mid Cap Fund

89.9

3745

1.9

0.4

32.7

19.4

22.4

15.5

0.44

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Franklin Build India Fund

144.7

2848

2.0

0.9

36.3

30.2

28.4

18.2

0.49

EQUITY – TAX SAVING (ELSS) FUNDS

Franklin India ELSS Tax Saver Fund

1516.3

6890

1.8

1.0

31.5

20.2

21.6

14.5

0.39

HYBRID – AGGRESSIVE HYBRID FUNDS

Franklin India Equity Hybrid Fund

269.9

2050

2.1

1.0

23.6

15.2

16.9

12.3

0.39

EQUITY – FOCUSED FUNDS

Franklin India Focused Equity Fund

108.7

12183

1.8

0.9

27.2

18.1

20.9

14.6

0.39

EQUITY – TAX SAVING (ELSS) FUNDS

HDFC ELSS Tax saver

1370.5

15945

1.7

1.1

29.1

22.8

21.6

13.2

0.40

HYBRID – EQUITY SAVINGS FUNDS

HDFC Equity Savings Fund

64.3

5516

1.9

0.9

13.2

10.3

11.4

9.6

0.39

HYBRID – AGGRESSIVE HYBRID FUNDS

HDFC Hybrid Equity Fund

117.4

24185

1.7

1.0

18.9

14.0

16.5

10.5

0.37

EQUITY – LARGE CAP FUNDS

HDFC Top 100 Fund

1139.9

36587

1.6

1.0

20.4

18.5

18.0

12.8

0.34

HYBRID – CONSERVATIVE HYBRID FUNDS

HSBC Conservative Hybrid Fund

60.4

144

2.2

1.3

17.3

9.3

9.5

7.8

0.45

EQUITY – FLEXI CAP FUNDS

HSBC Flexi Cap Fund

227.5

5048

1.9

1.2

37.6

19.1

21.4

13.9

0.39

EQUITY – LARGE CAP FUNDS

HSBC Large Cap Fund

493.8

1946

2.1

1.2

27.9

15.7

17.0

13.0

0.33

EQUITY – SMALL CAP FUNDS

HSBC Small Cap Fund

91.1

17237

1.7

0.7

33.8

26.3

32.4

21.0

0.52

EQUITY – VALUE FUNDS

HSBC Value Fund

112.1

13675

1.7

0.8

33.5

24.9

25.6

17.7

0.45

EQUITY – SECTOR – BANKING FUNDS

ICICI Prudential Banking & Financial Services Fund

125.0

9026

1.8

1.0

17.6

13.7

12.4

13.1

0.21

EQUITY – TAX SAVING (ELSS) FUNDS

ICICI Pru Long Term Equity

908.9

14210

1.7

1.1

23.3

15.2

18.7

13.4

0.36

EQUITY – MID CAP FUNDS

ICICI Prudential Midcap Fund

296.7

6369

1.9

1.1

35.3

21.4

25.8

16.2

0.45

HYBRID – BALANCED ADVANTAGE FUNDS

Invesco India Balanced Advantage Fund

54.4

926

2.2

0.8

21.1

13.8

12.5

10.3

0.29

EQUITY – TAX SAVING (ELSS) FUNDS

Invesco India ELSS Tax Saver Fund

132.4

2954

1.9

0.8

33.7

16.1

19.9

15.0

0.37

EQUITY – LARGE & MID CAP FUNDS

Invesco India Large & Mid Cap Fund

98.4

6340

1.8

0.7

43.9

23.2

22.2

16.4

0.42

EQUITY – LARGE CAP FUNDS

Invesco India Largecap Fund

70.2

1317

2.1

0.8

31.1

15.7

18.7

13.7

0.36

EQUITY – MID CAP FUNDS

Invesco India Midcap Fund

175.1

5863

1.8

0.6

48.1

25.1

28.8

18.5

0.55

EQUITY – FOCUSED FUNDS

JM Focused Fund

21.1

212

2.4

0.8

30.7

21.8

17.6

14.2

0.32

EQUITY – TAX SAVING (ELSS) FUNDS

Kotak ELSS Tax Saver Fund

120.1

6232

1.8

0.6

29.9

18.6

21.0

15.3

0.39

EQUITY – FLEXI CAP FUNDS

Kotak Flexicap Fund

83.4

51276

1.5

0.6

26.5

16.9

17.6

14.4

0.32

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Kotak Infra & Economic Reform

70.4

2395

2.0

0.6

42.0

28.7

29.1

17.1

0.49

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

LIC MF Infrastructure Fund

52.7

852

2.3

1.1

57.5

33.1

28.4

16.2

0.50

EQUITY – LARGE & MID CAP FUNDS

LIC MF Large & Midcap Fund

40.1

3126

1.9

0.6

34.3

17.6

20.0

–

0.39

EQUITY – SMALL CAP FUNDS

LIC MF Small Cap Fund

34.3

411

2.5

1.4

44.7

25.1

31.2

–

0.54

EQUITY – TAX SAVING (ELSS) FUNDS

Mahindra Manulife ELSS Tax Saver Fund

28.4

931

2.2

0.6

21.9

15.1

19.2

–

0.37

HYBRID – EQUITY SAVINGS FUNDS

Mahi Manu Eq Sav Dhan San Yojana

20.1

580

2.4

0.7

11.5

8.7

11.3

–

0.33

HYBRID – AGGRESSIVE HYBRID FUNDS

Mirae Asset Aggressive Hybrid Fund

31.6

9054

1.7

0.4

20.7

12.6

15.2

–

0.36

EQUITY – LARGE CAP FUNDS

Mirae Asset Large Cap Fund

112.2

39555

1.5

0.6

21.8

12.5

15.7

13.9

0.30

EQUITY – SECTOR – BANKING FUNDS

Nippon India Banking & Financial Services Fund

590.2

6307

1.9

1.1

16.6

18.2

15.1

13.1

0.25

EQUITY – FOCUSED FUNDS

Nippon India Focused Equity Fund

118.4

8412

1.9

1.2

17.9

15.3

20.4

14.3

0.36

EQUITY – TAX SAVING (ELSS) FUNDS

PGIM India ELSS Tax Saver Fund

35.4

770

2.3

0.8

22.6

14.7

19.4

–

0.37

EQUITY – LARGE CAP FUNDS

SBI Blue Chip Fund

91.6

50502

1.5

0.8

21.3

14.3

17.2

13.5

0.34

HYBRID – AGGRESSIVE HYBRID FUNDS

SBI Equity Hybrid Fund

284.8

72428

1.4

0.7

20.5

12.1

14.6

12.4

0.34

HYBRID – EQUITY SAVINGS FUNDS

SBI Equity Savings Fund

23.5

5982

1.4

0.9

13.8

10.6

11.5

–

0.35

EQUITY – FOCUSED FUNDS

SBI Focused Equity Fund

339.9

34747

1.6

0.7

23.2

10.3

17.5

14.6

0.34

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

SBI Infrastructure Fund

52.2

5006

1.9

0.9

31.2

27.5

27.3

17.2

0.49

EQUITY – LARGE & MID CAP FUNDS

SBI Large & Midcap Fund

611.3

29329

1.6

0.7

26.8

18.1

22.0

15.8

0.41

EQUITY – MID CAP FUNDS

SBI Magnum Midcap Fund

241.1

21455

1.7

0.8

26.6

19.2

27.8

16.7

0.51

EQUITY – SMALL CAP FUNDS

SBI Small Cap Fund

184.0

33285

1.6

0.7

29.7

20.3

28.2

21.1

0.55

HYBRID – AGGRESSIVE HYBRID FUNDS

Sundaram Aggressive Hybrid Fund

161.1

5469

1.8

0.7

22.3

12.6

16.0

12.7

0.38

HYBRID – BALANCED ADVANTAGE FUNDS

Sundaram Balanced Advantage Fund

35.0

1540

2.1

0.6

17.8

11.4

11.1

8.1

0.42

EQUITY – FOCUSED FUNDS

Sundaram Focused Fund

166.7

1118

2.3

1.3

26.4

14.1

19.4

14.1

0.40

EQUITY – SECTOR – BANKING FUNDS

Tata Banking and Financial Services Fund

40.2

2378

2.0

0.5

15.1

15.9

13.6

–

0.25

EQUITY – VALUE FUNDS

Tata Equity P/E Fund

363.0

8640

1.8

0.8

29.7

22.2

21.3

15.8

0.41

HYBRID – EQUITY SAVINGS FUNDS

Tata Equity Savings Fund

53.5

224

1.1

0.5

13.6

9.1

9.5

7.4

0.36

EQUITY – THEMATIC – CONSUMPTION FUNDS

Tata India Consumer Fund

46.7

2414

2.0

0.7

30.7

20.8

21.9

–

0.47

EQUITY – LARGE & MID CAP FUNDS

Tata Large & Mid Cap Fund

534.1

8342

1.8

0.6

24.1

17.6

19.6

14.3

0.39

EQUITY – LARGE CAP FUNDS

Tata Large Cap Fund

503.0

2436

2.0

1.0

21.8

14.7

16.8

12.4

0.32

EQUITY – MID CAP FUNDS

Tata Mid Cap Growth Fund

436.0

4494

1.9

0.7

27.3

20.7

25.4

17.0

0.49

EQUITY – MID CAP FUNDS

Taurus Mid Cap Fund

125.0

130

2.6

2.1

19.4

19.0

23.7

16.3

0.46

EQUITY – VALUE FUNDS

Templeton India Value Fund

719.2

2199

2.1

0.9

24.4

21.4

24.5

14.7

0.44

EQUITY – TAX SAVING (ELSS) FUNDS

Union ELSS Tax Saver Fund

66.0

935

2.3

1.3

23.8

15.9

20.9

12.8

0.41

EQUITY – SMALL CAP FUNDS

Union Small Cap Fund

52.3

1662

2.1

1.0

26.3

20.9

30.7

16.1

0.54

HYBRID – AGGRESSIVE HYBRID FUNDS

UTI Aggressive Hybrid Fund

405.8

6107

1.9

1.2

26.6

17.4

19.5

12.7

0.44

HYBRID – CONSERVATIVE HYBRID FUNDS

UTI Conservative Hybrid Fund

67.3

1649

1.8

1.2

14.3

9.1

10.3

8.5

0.48

EQUITY – TAX SAVING (ELSS) FUNDS

UTI ELSS Tax Saver Fund

209.9

3872

1.9

0.9

23.0

12.4

18.2

12.9

0.35

EQUITY – LARGE & MID CAP FUNDS

UTI Large & Mid Cap Fund

181.6

4048

2.0

1.1

36.2

22.1

24.5

14.6

0.45

EQUITY – LARGE CAP FUNDS

UTI Large Cap Fund

272.2

12860

1.7

0.9

19.8

11.2

16.4

12.2

0.32

EQUITY – MID CAP FUNDS

UTI Mid Cap Fund

313.0

12029

1.8

0.9

30.0

17.9

25.9

15.6

0.49

EQUITY – VALUE FUNDS

UTI Value Fund

170.7

10159

1.8

1.1

34.0

19.4

21.8

13.6

0.42

HYBRID – AGGRESSIVE HYBRID FUNDS

Aditya Birla Sun Life Equity Hybrid ’95 Fund

1516.7

7684

1.9

1.1

22.8

12.5

14.7

10.9

0.31

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Aditya Birla Sun Life Infrastructure Fund

98.8

1188

2.3

1.3

32.8

26.6

27.7

14.6

0.45

EQUITY – LARGE CAP FUNDS

Axis Bluechip Fund

60.6

33547

1.6

0.7

22.2

9.4

13.8

12.3

0.28

EQUITY – FLEXI CAP FUNDS

Bandhan Flexi Cap Fund

204.7

7291

1.9

1.2

23.9

13.9

16.6

11.9

0.31

HYBRID – AGGRESSIVE HYBRID FUNDS

Bandhan Hybrid Equity Fund

25.6

810

2.3

1.0

27.1

14.7

17.1

–

0.36

HYBRID – BALANCED ADVANTAGE FUNDS

Bank of India Balanced Advantage Fund

24.8

136

2.3

1.2

13.7

14.6

11.7

7.7

0.37

EQUITY – LARGE & MID CAP FUNDS

BOI Large & Mid Cap Equity Fund

91.0

374

2.3

1.2

26.8

17.6

20.7

12.8

0.40

EQUITY – SECTOR – BANKING FUNDS

Baroda BNP Paribas Bank&Fin Serv

46.0

204

2.4

1.0

18.9

16.7

12.1

11.1

0.21

HYBRID – EQUITY SAVINGS FUNDS

DSP Equity Savings Fund

21.2

2258

1.3

0.4

14.1

10.1

–

0.29

EQUITY – FOCUSED FUNDS

DSP Focus Fund

54.5

2523

2.0

1.0

25.9

16.8

16.4

12.9

0.30

EQUITY – MID CAP FUNDS

DSP Midcap Fund

149.8

19216

1.7

0.8

28.6

17.6

21.5

16.1

0.43

HYBRID – CONSERVATIVE HYBRID FUNDS

DSP Regular Savings Fund

56.4

180

1.1

0.5

12.6

9.1

8.9

7.1

0.39

EQUITY – TAX SAVING (ELSS) FUNDS

Edelweiss Long Term Equity

113.3

398

2.3

0.7

29.6

16.7

18.8

13.1

0.35

EQUITY – LARGE CAP FUNDS

Franklin India Bluechip Fund

1022.8

7847

1.8

1.1

25.4

13.0

16.9

11.9

0.32

HYBRID – CONSERVATIVE HYBRID FUNDS

Franklin India Debt Hybrid Fund

87.7

245

1.4

0.7

12.9

8.8

8.5

7.7

0.32

EQUITY – MID CAP FUNDS

Franklin India Prima Fund

2824.2

12441

1.8

1.0

38.0

22.7

24.2

16.6

0.45

EQUITY – SMALL CAP FUNDS

Franklin India Smaller Companies Fund

184.3

14045

1.7

0.9

29.5

26.2

30.5

17.9

0.51

EQUITY – VALUE FUNDS

HDFC Capital Builder Value Fund

738.5

7384

1.8

1.0

29.1

19.1

21.1

14.4

0.38

EQUITY – SMALL CAP FUNDS

HDFC Small Cap Fund

144.5

33842

1.6

0.7

27.7

24.5

30.7

19.2

0.51

HYBRID – AGGRESSIVE HYBRID FUNDS

HSBC Aggressive Hybrid Fund

57.4

5720

1.9

0.8

29.1

15.0

16.3

12.4

0.34

EQUITY – TAX SAVING (ELSS) FUNDS

HSBC ELSS Tax saver Fund

140.3

4303

1.9

1.1

41.9

20.2

20.6

14.7

0.37

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

HSBC Infrastructure Fund

50.8

2585

2.0

1.0

39.6

27.7

27.3

17.7

0.46

EQUITY – MID CAP FUNDS

HSBC Midcap Fund

416.2

11912

1.7

0.7

45.2

26.0

26.1

18.0

0.47

HYBRID – EQUITY SAVINGS FUNDS

ICICI Prudential Equity Savings Fund

21.6

12437

1.0

0.5

9.7

8.7

8.2

8.1

0.22

EQUITY – THEMATIC – CONSUMPTION FUNDS

ICICI Prudential FMCG Fund

478.7

1729

2.2

1.3

4.6

13.3

14.1

11.8

0.33

EQUITY – SECTOR – BANKING FUNDS

LIC MF Banking & Financial Services Fund

20.2

263

2.4

1.1

7.3

13.4

10.5

–

0.18

EQUITY – TAX SAVING (ELSS) FUNDS

LIC MF ELSS Tax Saver

157.7

1147

2.1

1.0

29.2

16.5

16.8

13.0

0.32

EQUITY – FLEXI CAP FUNDS

LIC MF Flexi Cap Fund

103.6

1075

2.3

1.4

25.9

15.3

15.5

9.9

0.31

EQUITY – LARGE CAP FUNDS

LIC MF Large Cap Fund

56.4

1474

2.1

1.0

22.9

11.1

14.3

11.1

0.29

HYBRID – BALANCED ADVANTAGE FUNDS

Motilal Oswal Balanced Advantage Fund

21.3

1145

2.2

1.0

12.5

11.1

10.1

–

0.27

EQUITY – FOCUSED FUNDS

Motilal Oswal Focused Fund

46.7

1865

2.1

0.9

20.1

12.3

14.4

12.2

0.29

EQUITY – LARGE & MID CAP FUNDS

Navi Large & Midcap Fund

36.6

319

2.3

0.3

22.7

14.2

18.5

–

0.33

EQUITY – LARGE & MID CAP FUNDS

Nippon India Vision Fund

1477.9

5546

2.0

1.5

34.9

21.6

22.4

13.2

0.41

EQUITY – TAX SAVING (ELSS) FUNDS

Quantum ELSS Tax Saver Fund

126.9

215

2.0

0.9

30.8

19.1

19.5

13.0

0.38

EQUITY – VALUE FUNDS

Quantum Long Term Equity Value Fund

127.9

1189

2.0

1.1

31.3

19.0

19.5

13.0

0.37

EQUITY – FLEXI CAP FUNDS

SBI Flexicap Fund

111.5

22206

1.7

0.8

21.8

13.4

17.1

14.0

0.32

EQUITY – SECTOR – IT FUNDS

SBI Technology Opportunities Fund

233.1

4586

1.9

0.8

40.5

14.0

29.0

18.0

0.58

EQUITY – TAX SAVING (ELSS) FUNDS

Sundaram ELSS Tax Saver Fund

507.8

1356

2.2

1.7

23.2

15.2

19.8

14.1

0.38

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Sundaram Infrastructure Advantage Fund

96.6

989

2.4

1.8

32.9

22.9

25.5

15.1

0.42

EQUITY – LARGE & MID CAP FUNDS

Sundaram Large and Mid Cap Fund

87.7

6918

1.8

0.7

27.9

16.0

19.1

15.2

0.34

EQUITY – MID CAP FUNDS

Sundaram Mid Cap Fund

1409.0

12425

1.7

0.9

37.1

25.2

25.5

16.6

0.44

EQUITY – TAX SAVING (ELSS) FUNDS

Tata ELSS Tax Saver Fund

45.6

4663

1.8

0.7

27.2

17.7

18.8

15.5

0.36

HYBRID – AGGRESSIVE HYBRID FUNDS

Tata Hybrid Equity Fund

440.0

4150

1.9

1.0

20.4

13.3

14.9

11.0

0.34

EQUITY – LARGE CAP FUNDS

Union Largecap Fund

23.9

438

2.5

1.6

20.5

12.5

16.2

–

0.31

EQUITY – DIVIDEND YIELD FUNDS

UTI Dividend Yield Fund

180.4

4203

2.0

1.4

35.8

18.9

22.7

14.1

0.48

EQUITY – FLEXI CAP FUNDS

UTI Flexi Cap Fund

330.4

26298

1.7

1.0

23.0

7.5

17.2

13.0

0.32

EQUITY – THEMATIC – CONSUMPTION FUNDS

UTI India Consumer Fund

58.7

715

2.4

1.5

27.0

13.8

16.9

11.7

0.36

EQUITY – TAX SAVING (ELSS) FUNDS

Aditya Birla Sun Life ELSS Tax Saver Fund

59.4

15746

1.7

1.0

24.5

12.1

13.0

11.8

0.26

EQUITY – LARGE & MID CAP FUNDS

Aditya Birla Sun Life Equity Advantage Fund

919.9

5870

1.9

1.1

23.1

10.3

16.9

13.0

0.28

HYBRID – EQUITY SAVINGS FUNDS

Aditya Birla Sun Life Equity Savings Fund

21.0

624

1.1

0.6

9.7

6.2

8.5

7.7

0.23

EQUITY – MID CAP FUNDS

Aditya Birla Sun Life Midcap Fund

797.7

5930

1.9

1.1

31.4

18.4

24.0

15.0

0.43

EQUITY – VALUE FUNDS

Aditya Birla Sun Life Pure Value Fund

131.7

6378

1.9

1.0

27.5

21.7

23.5

13.4

0.41

EQUITY – SMALL CAP FUNDS

Aditya Birla Sun Life Small Cap Fund

90.9

5160

1.9

0.9

27.9

17.9

24.8

15.0

0.41

EQUITY – TAX SAVING (ELSS) FUNDS

Axis ELSS Tax Saver Fund

96.8

36373

1.5

0.8

26.2

9.1

14.8

13.2

0.27

EQUITY – FOCUSED FUNDS

Axis Focused Fund

55.5

13289

1.7

0.8

24.5

6.1

12.7

12.9

0.23

HYBRID – CONSERVATIVE HYBRID FUNDS

Bandhan Conservative Hybrid Fund

31.1

119

2.0

1.0

10.3

6.1

6.6

6.9

0.24

EQUITY – FOCUSED FUNDS

Bandhan Focused Equity Fund

91.5

1793

2.1

0.8

38.2

18.9

19.2

13.0

0.37

EQUITY – LARGE CAP FUNDS

DSP Top 100 Equity Fund

464.6

4530

1.9

1.1

27.5

17.1

15.7

11.6

0.29

EQUITY – LARGE & MID CAP FUNDS

Franklin India Equity Advantage Fund

189.5

3545

2.0

1.3

28.2

14.6

19.1

12.7

0.33

EQUITY – SECTOR – IT FUNDS

Franklin India Technology Fund

570.0

1950

2.0

1.0

40.6

17.5

28.6

18.2

0.57

EQUITY – LARGE CAP FUNDS

Groww Largecap Fund

43.5

127

2.4

1.0

23.7

14.3

14.1

12.0

0.26

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

HDFC Infrastructure Fund

48.6

2496

2.1

1.1

33.0

32.5

25.9

11.7

0.41

HYBRID – AGGRESSIVE HYBRID FUNDS

LIC MF Aggressive Hybrid Fund

196.8

536

2.5

1.4

23.4

12.4

12.5

8.8

0.28

EQUITY – MID CAP FUNDS

LIC MF Midcap Fund

30.1

319

2.5

1.6

34.2

19.4

24.1

–

0.42

EQUITY – FLEXI CAP FUNDS

Motilal Oswal Flexi Cap Fund

65.3

12598

1.7

0.9

52.7

23.5

19.5

15.8

0.35

EQUITY – TAX SAVING (ELSS) FUNDS

Nippon India ELSS Tax Saver Fund

129.2

15666

1.7

1.0

26.9

18.9

19.0

11.0

0.34

HYBRID – AGGRESSIVE HYBRID FUNDS

Nippon India Equity Hybrid Fund

104.4

3850

2.0

1.2

22.7

16.3

13.9

10.8

0.23

HYBRID – EQUITY SAVINGS FUNDS

Nippon India Equity Savings Fund

15.6

713

1.7

0.7

10.4

8.2

5.9

–

0.08

HYBRID – CONSERVATIVE HYBRID FUNDS

Nippon India Hybrid Bond Fund

55.1

831

1.9

1.1

9.1

7.7

4.8

5.5

0.07

EQUITY – LARGE CAP FUNDS

PGIM India Large Cap Fund

338.9

594

2.4

0.9

17.7

11.6

13.8

11.0

0.26

EQUITY – THEMATIC – CONSUMPTION FUNDS

Sundaram Consumption Fund

99.6

1586

2.2

1.3

25.8

19.6

18.7

15.1

0.36

EQUITY – DIVIDEND YIELD FUNDS

Sundaram Dividend Yield Fund

141.3

941

2.3

1.0

24.2

18.1

21.3

14.7

0.45

EQUITY – SMALL CAP FUNDS

Sundaram Small Cap Fund

267.5

3424

1.9

0.8

26.2

20.9

29.4

15.3

0.47

EQUITY – FLEXI CAP FUNDS

Taurus Flexi Cap Fund

236.5

371

2.6

25.2

16.8

16.2

10.3

0.30

EQUITY – SECTOR – BANKING FUNDS

UTI Banking and Financial Services Fund

179.1

1170

2.2

1.2

17.3

15.0

11.8

10.4

0.20

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

UTI Infrastructure Fund

144.0

2252

2.2

1.8

28.8

22.5

22.1

13.2

0.38

HYBRID – BALANCED ADVANTAGE FUNDS

UTI-Unit Linked Insurance Plan

41.0

5463

1.6

1.0

15.3

7.5

10.3

8.3

0.30

EQUITY – THEMATIC – MNC FUNDS

Aditya Birla Sun Life MNC Fund

–

1385.4

3889

2.0

1.3

24.2

12.1

11.0

0.26

HYBRID – AGGRESSIVE HYBRID FUNDS

Axis Aggressive Hybrid Fund

–

20.4

1616

2.1

1.1

22.1

8.6

12.9

–

0.28

HYBRID – BALANCED ADVANTAGE FUNDS

Axis Balanced Advantage Fund

–

20.7

2599

2.0

0.8

23.9

12.9

–

0.44

EQUITY – FLEXI CAP FUNDS

Axis Flexi Cap Fund

–

27.1

12855

1.7

0.7

30.9

11.6

16.4

–

0.34

EQUITY – LARGE & MID CAP FUNDS

Axis Growth Opportunities Fund

–

33.1

14007

1.7

0.6

32.9

15.3

23.0

–

0.46

HYBRID – EQUITY SAVINGS FUNDS

Bandhan Equity Savings Fund

–

30.1

246

1.1

0.2

9.0

6.8

8.1

6.7

0.24

HYBRID – CONSERVATIVE HYBRID FUNDS

Bank of India Conservative Hybrid Fund

–

33.6

2.1

1.1

9.6

13.3

12.1

7.9

0.79

EQUITY – SMALL CAP FUNDS

Bank of India Small Cap Fund

–

51.0

1613

2.0

0.5

35.8

23.8

38.0

–

0.71

HYBRID – BALANCED ADVANTAGE FUNDS

Baroda BNP Paribas Balanced Advantage Fund

–

24.1

4213

1.9

0.7

20.5

13.8

16.7

–

0.51

EQUITY – FOCUSED FUNDS

Baroda BNP Paribas Focused Fund

–

22.9

689

2.3

0.4

25.7

16.3

17.7

–

0.34

EQUITY – THEMATIC – CONSUMPTION FUNDS

Baroda BNP Paribas India Consumption Fund

–

32.5

1466

2.1

0.6

27.4

18.2

20.7

–

0.44

EQUITY – MULTI CAP FUNDS

Baroda BNP Paribas Multi Cap Fund

–

303.6

2791

2.0

0.9

38.5

20.1

25.0

15.1

0.48

EQUITY – SMALL CAP FUNDS

Canara Robeco Small Cap Fund

–

41.7

12452

1.7

0.5

30.7

21.6

34.7

–

0.62

EQUITY – SECTOR – PHARMA FUNDS

DSP Healthcare Fund

–

41.2

3249

1.9

0.6

43.7

22.1

31.2

–

0.85

HYBRID – AGGRESSIVE HYBRID FUNDS

Edelweiss Aggressive Hybrid Fund

–

62.2

2267

2.0

0.4

24.6

17.2

18.3

12.9

0.43

EQUITY – SMALL CAP FUNDS

Edelweiss Small Cap Fund

–

46.4

4374

1.8

0.4

32.5

23.4

33.8

–

0.60

HYBRID – EQUITY SAVINGS FUNDS

Franklin India Equity Savings Fund

–

16.0

726

1.1

0.3

10.8

7.6

9.1

–

0.27

HYBRID – AGGRESSIVE HYBRID FUNDS

Groww Aggressive Hybrid Fund

–

21.1

2.3

0.9

20.8

12.4

13.8

–

0.31

EQUITY – TAX SAVING (ELSS) FUNDS

Groww ELSS Tax Saver Fund

–

21.2

2.3

0.6

27.8

16.3

16.0

–

0.32

EQUITY – VALUE FUNDS

Groww Value Fund

–

26.8

2.3

0.9

21.0

15.6

17.9

–

0.35

HYBRID – BALANCED ADVANTAGE FUNDS

HDFC Balanced Advantage Fund

–

510.6

95570

1.4

0.7

22.1

22.4

20.6

14.6

0.44

EQUITY – LARGE & MID CAP FUNDS

HSBC Large & Mid Cap Fund

–

29.1

3979

1.9

0.9

45.1

21.8

22.9

–

0.41

EQUITY – TAX SAVING (ELSS) FUNDS

HSBC Tax Saver Equity Fund

–

97.8

260

2.5

1.6

39.9

19.9

20.8

14.2

0.38

EQUITY – MULTI CAP FUNDS

ICICI Prudential Multicap Fund

–

794.0

14193

1.7

0.9

29.8

20.9

21.9

15.3

0.40

EQUITY – SECTOR – PHARMA FUNDS

ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund

–

38.3

5045

1.9

1.1

46.6

24.2

30.1

–

0.88

EQUITY – SMALL CAP FUNDS

ICICI Prudential Smallcap Fund

–

89.6

8375

1.8

0.8

24.0

19.9

28.8

16.5

0.50

HYBRID – AGGRESSIVE HYBRID FUNDS

Invesco India Aggressive Hybrid Fund

–

23.2

574

2.4

0.8

32.3

16.9

16.0

–

0.35

EQUITY – CONTRA FUNDS

Invesco India Contra Fund

–

138.8

18019

1.6

0.5

39.2

21.6

23.3

16.9

0.44

HYBRID – EQUITY SAVINGS FUNDS

Invesco India Equity Savings Fund

–

16.8

354

2.3

0.7

18.3

10.0

9.7

–

0.36

EQUITY – MULTI CAP FUNDS

Invesco India Multicap Fund

–

139.9

3897

1.9

0.7

37.3

19.8

23.8

15.5

0.43

EQUITY – SMALL CAP FUNDS

Invesco India Smallcap Fund

–

43.8

5842

1.8

0.4

42.3

26.6

32.9

–

0.57

HYBRID – BALANCED ADVANTAGE FUNDS

Kotak Balanced Advantage Fund

–

20.3

16959

1.7

0.5

18.9

12.0

12.7

–

0.32

EQUITY – CONTRA FUNDS

Kotak India EQ Contra Fund

–

152.1

4034

1.9

0.6

32.2

22.6

22.7

16.0

0.43

HYBRID – CONSERVATIVE HYBRID FUNDS

LIC MF Conservative Hybrid Fund

–

80.3

2.3

1.2

10.6

5.9

7.1

6.6

0.34

EQUITY – DIVIDEND YIELD FUNDS

LIC MF Dividend Yield Fund

–

31.5

464

2.5

1.2

40.9

22.0

24.1

–

0.49

HYBRID – EQUITY SAVINGS FUNDS

LIC MF Equity Savings Fund

–

26.6

2.0

1.0

12.3

8.4

9.2

6.9

0.26

EQUITY – FOCUSED FUNDS

LIC MF Focused Fund

–

21.7

143

2.5

1.6

22.6

12.0

16.5

–

0.33

EQUITY – SECTOR – PHARMA FUNDS

LIC MF Healthcare Fund

–

30.0

2.4

1.2

47.0

17.7

23.3

–

0.67

EQUITY – VALUE FUNDS

LIC MF Value Fund

–

26.8

143

2.5

1.6

36.4

19.1

21.1

–

0.40

EQUITY – THEMATIC – CONSUMPTION FUNDS

Mahindra Manulife Consumption Fund

–

23.3

423

2.4

0.6

27.4

19.2

18.3

–

0.36

EQUITY – LARGE CAP FUNDS

Mahindra Manulife Large Cap Fund

–

23.0

595

2.3

0.7

23.4

13.4

16.4

–

0.32

EQUITY – MID CAP FUNDS

Mahindra Manulife Mid Cap Fund

–

34.7

3461

1.9

0.5

38.1

25.4

28.9

–

0.56

EQUITY – MULTI CAP FUNDS

Mahindra Manulife Multi Cap Fund

–

35.7

4858

1.8

0.5

29.8

19.7

25.1

–

0.48

HYBRID – EQUITY SAVINGS FUNDS

Mirae Asset Equity Savings Fund

–

19.5

1374

1.3

0.3

14.4

10.0

12.0

–

0.40

EQUITY – SECTOR – PHARMA FUNDS

Mirae Asset Healthcare Fund

–

37.8

2743

1.9

0.5

38.6

18.2

28.4

–

0.82

HYBRID – AGGRESSIVE HYBRID FUNDS

Navi Aggressive Hybrid Fund

–

20.4

135

2.3

0.4

19.2

12.8

13.1

–

0.28

EQUITY – TAX SAVING (ELSS) FUNDS

Navi ELSS Tax Saver Fund

–

29.7

2.3

0.4

19.6

12.5

14.9

–

0.27

EQUITY – FLEXI CAP FUNDS

Navi Flexi Cap Fund

–

23.4

266

2.3

0.4

19.0

13.4

16.0

–

0.30

HYBRID – BALANCED ADVANTAGE FUNDS

Nippon India Balanced Advantage Fund

–

173.1

8850

1.8

0.6

18.2

12.6

13.1

10.5

0.36

EQUITY – THEMATIC – CONSUMPTION FUNDS

Nippon India Consumption Fund

–

198.1

2188

2.0

0.6

25.5

20.5

24.0

14.2

0.51

EQUITY – MULTI CAP FUNDS

Nippon India Multi Cap Fund

–

299.4

39001

1.6

0.7

33.1

26.2

25.4

15.2

0.43

EQUITY – SECTOR – PHARMA FUNDS

Nippon India Pharma Fund

–

509.0

8638

1.8

0.9

35.7

19.6

27.6

15.1

0.78

HYBRID – EQUITY SAVINGS FUNDS

PGIM India Equity Savings Fund

–

47.8

1.3

0.5

9.0

6.4

7.3

7.9

0.21

HYBRID – AGGRESSIVE HYBRID FUNDS

PGIM India Hybrid Equity Fund

–

129.3

212

2.3

0.8

19.9

9.7

12.7

9.0

0.25

EQUITY – MULTI CAP FUNDS

Quant Active Fund

–

665.9

10614

1.7

0.6

21.7

15.9

29.0

19.1

0.51

EQUITY – FLEXI CAP FUNDS

Quant Flexi Cap Fund

–

99.6

7331

1.8

0.6

25.8

19.1

32.2

19.0

0.60

EQUITY – CONTRA FUNDS

SBI Contra Fund

–

388.8

41907

1.5

0.6

27.2

24.0

30.5

16.5

0.60

EQUITY – SECTOR – PHARMA FUNDS

SBI Healthcare Opportunities Fund

–

427.2

3460

2.0

0.9

44.8

24.3

29.4

13.5

0.80

EQUITY – THEMATIC – MNC FUNDS

SBI Magnum Global Fund

–

381.2

6635

1.9

1.2

13.9

9.2

16.6

12.2

0.39

HYBRID – AGGRESSIVE HYBRID FUNDS

Shriram Aggressive Hybrid Fund

–

32.3

2.3

0.8

17.5

12.3

13.0

9.8

0.30

EQUITY – TAX SAVING (ELSS) FUNDS

Shriram ELSS Tax Saver Fund

–

23.2

2.3

0.7

21.2

13.9

16.0

–

0.34

EQUITY – FLEXI CAP FUNDS

Shriram Flexi Cap Fund

–

22.4

141

2.3

0.7

21.7

15.0

15.9

–

0.32

HYBRID – CONSERVATIVE HYBRID FUNDS

Sundaram Conservative Hybrid Fund

–

29.0

2.2

1.2

10.2

6.9

8.5

7.3

0.39

EQUITY – TAX SAVING (ELSS) FUNDS

Sundaram Diversified Equity

–

220.8

1558

2.2

1.6

19.4

14.3

16.8

12.4

0.30

EQUITY – MULTI CAP FUNDS

Sundaram Multi Cap Fund

–

382.6

2761

2.0

0.9

25.4

16.4

21.7

15.3

0.41

HYBRID – BALANCED ADVANTAGE FUNDS

Tata Balanced Advantage Fund

–

20.2

10258

1.7

0.4

14.8

11.7

13.4

–

0.44

EQUITY – FLEXI CAP FUNDS

Tata Flexi Cap Fund

–

23.5

2976

1.9

0.7

19.4

13.1

15.9

–

0.33

EQUITY – SECTOR – PHARMA FUNDS

Tata India Pharma & Healthcare Fund

–

30.4

1214

2.1

0.7

39.7

21.0

27.1

–

0.80

EQUITY – SMALL CAP FUNDS

Tata Small Cap Fund

–

43.4

9572

1.7

0.3

37.1

25.5

33.0

–

0.62

EQUITY – SECTOR – BANKING FUNDS

Taurus Banking & Financial Services Fund

–

52.1

2.5

1.8

15.4

14.4

12.2

11.1

0.21

EQUITY – TAX SAVING (ELSS) FUNDS

Taurus ELSS Tax Saver Fund

–

191.3

2.5

1.9

29.4

19.6

18.8

14.1

0.37

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Taurus Infrastructure Fund

–

70.9

2.5

2.0

30.3

22.4

24.0

15.1

0.45

EQUITY – LARGE CAP FUNDS

Taurus Large Cap Fund

–

160.4

2.6

2.5

27.6

16.3

15.8

10.6

0.30

HYBRID – BALANCED ADVANTAGE FUNDS

Union Balanced Advantage Fund

–

19.9

1457

2.1

1.0

14.6

10.0

12.2

–

0.34

HYBRID – EQUITY SAVINGS FUNDS

Union Equity Savings Fund

–

16.5

140

2.0

1.4

10.9

7.6

8.5

–

0.30

EQUITY – VALUE FUNDS

Union Value Fund

–

28.4

300

2.5

1.3

23.2

19.0

21.6

–

0.42

HYBRID – EQUITY SAVINGS FUNDS

UTI Equity Savings Fund

–

17.7

642

1.7

0.8

12.1

10.6

11.3

–

0.46

EQUITY – SECTOR – PHARMA FUNDS

UTI Healthcare Fund

–

287.0

1203

2.2

1.3

45.4

21.0

27.7

12.9

0.80

EQUITY – THEMATIC – MNC FUNDS

UTI MNC Fund

–

402.3

2981

2.0

1.2

24.2

13.4

15.5

11.7

0.35

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Save On Taxes By Investing In This Top Performing Mutual Fund

by Hansraj Agrawal | Dec 13, 2024 | Share Market

As we head to the end of the calendar year and the start of the peak tax-saving season, many investors look for options to save on outflows. Those opting for the old tax regime and wanting to save on tax via Section 80C can consider equity linked savings schemes of mutual funds. Given that the next budget would be presented early in February with there being no certainty on how deductions or tax rates would change after the event, it would be better for investors not to put off investments till the last minute. The 3-year lock-in for ELSS funds is among the shortest lock-ins and, in any case, equities do require at least that much of time to deliver reasonably. Each SIP (systematic investment plans) is locked in for three years.

In this regard, Parag Parikh Tax Saver Fund, which completed five years in operations a few months ago, can be considered by investors with a log-term horizon. The fund has been a top-notch and consistent performer over the years and investors can even consider directing this scheme for specific financial goals that are due in the distant future as well. This scheme can be the main tax-saving scheme in the portfolio.

Top performer

Parag Parikh Tax Saver has been among the best performers in the category.

On a point-to-point returns basis over the past one, three and five-year periods, the fund has outperformed its benchmark, Nifty 500 TRI, by 3-5 percentage points over longer timeframes.

When three-year rolling returns over the period July 2019-December 2024 are taken, the fund has outperformed its benchmark over 100 per cent of the time.

Parag Parikh Tax Saver fund has delivered more than 15 per cent and 18 per cent returns almost all the time on a three-year rolling basis over July 2019 to Dec 2024. It has given more than 20 per cent return nearly 93 per cent of time.

The mean returns on a three-year rolling basis over the above period is a robust 24.8 per cent. The Nifty 500 TRI managed about 20.4 per cent over the same timeframe.

When SIP returns over the past five years are taken, the fund has managed an XIRR of 25.5 per cent, making it a top-notch fund in the category.

The fund has an upside capture ratio of 85.2, indicating that it rises less than the benchmark Nifty 500 TRI during rallies. Its downside capture ratio, however, is only 47.1, suggesting that the fund’s NAV falls much less than the benchmark during corrections. A score of 100 indicates that a fund performs in line with its benchmark. These are data points for the direct plan from December 2021 to December 2024.

Value focus

As a fund house Parag Parikh is known for keeping the value style of investing at the forefront while choosing its picks.

The case of the tax saver fund is no different. It identified stocks such as ICICI Bank, Power Grid Corporation, ITC, HCL Technologies and Bajaj Holdings very early on when the post-Covid rally started more than four years ago. These stocks have delivered extremely well for the fund. Some mid and small-sized picks that ran up smartly, such as CDSL and CMS Info Systems, have also figured in the fund. The top five-six stocks usually have weightages of 5-9 per cent, but subsequent holdings are not concentrated.

Banks, finance and IT firms have always figured among the top holdings of the fund across cycles.

Power, consumable fuels and capital markets are some other preferred segments of the fund.

Across timeframes, Parag Parikh Tax Saver has ensured a large-cap bias in its portfolio with 65-70 per cent being such stocks. Small-caps also figure prominently at more than 12-13 per cent.

But the risks are somewhat tempered as the fund holds 15-19 per cent of its portfolio in cash and debt across time periods. This high proportion of cash and debt ensures that the fund falls less during corrections. More importantly, the higher cash position hasn’t hurt its performance.

Overall, the fund’s consistent performance and the value style emphasis make it suitable for most investor appetites. Even other than tax-saving purpose, this fund can be held by investors for the long term of 7-plus years. Directing the proceeds to specific financial goals could work better, though only ₹1.5 lakh can be invested in a financial year.

Why invest

High proportion of cash and debt

XIRR of 25.5 per cent over the past five years

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