Value discipline, balanced growth

by Hansraj Agrawal | Jun 27, 2026 | Share Market

UTI Aggressive Hybrid Fund (UAHF) stands out in the aggressive hybrid fund category for its disciplined value-oriented approach to equity investing. Rather than chasing market momentum, the fund invests in fundamentally strong companies trading below their intrinsic value. While such a strategy demands patience, as the market can take time to recognise the true worth of these businesses, it has rewarded long-term investors with consistent performance.

The fund has remained an above-average performer within its category over the long run. Among the oldest hybrid mutual funds in India, UAHF has a track record spanning more than three decades and has delivered an annualised return of 14.5 per cent since its launch in March 1995.

As mandated by the regulator, aggressive hybrid funds invest 65-80 per cent of their portfolio in equities and 20-35 per cent in debt instruments, seeking to balance growth with stability. This asset mix makes them suitable for investors with a moderate risk appetite.

Equity strategy

UTI Aggressive Hybrid Fund follows a dynamic asset allocation strategy, maintaining equity exposure between 66 per cent and 74 per cent over the past five years, with the balance invested in debt. On the equity side, the fund is managed like a flexi-cap strategy, allocating roughly two-thirds of its equity portfolio to large-cap stocks. Over the last five years, large-cap exposure averaged 48 per cent of total assets, while the remainder was invested in mid- and small-cap stocks.

The fund follows a relative value investment approach, favouring companies trading below their historical valuations or at discounts relative to peers and benchmark valuations. Its core equity portfolio is built around large-cap companies with strong fundamentals that are considered undervalued relative to their long-term earnings potential. The allocation to mid- and small-cap stocks seeks to generate alpha through a combination of undervalued businesses, turnaround opportunities and companies offering growth at reasonable valuations.

Stock selection follows a structured valuation framework rather than relying on a single metric. Banks are assessed primarily using price-to-book multiples, IT companies through price-to-earnings ratios, commodity businesses using EV/EBITDA, real estate companies through price-to-net asset value, and insurance companies based on price-to-embedded value.

The fund continues to emphasise valuation discipline over market momentum. While this approach has supported long-term returns, it can result in temporary periods of underperformance when richly-valued growth sectors dominate market gains.

Currently, the fund is overweight on IT, banking and telecom, while remaining underweight on capital goods, consumer durables and automobiles, where valuations are considered stretched despite strong recent performance. Banks, IT and pharmaceuticals remain the top three sector exposures. Over the past year, the fund increased allocations to construction, power and insurance by 1-2 percentage points, while reducing exposure to banks, oil and gas, and metals by 2-4 percentage points.

Debt strategy

The debt portfolio follows a high-quality strategy, with most of its investments allocated to AAA-rated corporate bonds or government securities over the past five years. According to the latest portfolio, government securities account for 12.4 per cent of assets, while AAA-rated corporate bonds constitute 9.8 per cent. AA+ rated securities account for 1.6 per cent of the portfolio, with holdings including Cholamandalam Investment & Finance, Muthoot Finance, Piramal Capital & Housing Finance, and Torrent Pharmaceuticals. The fund has maintained portfolio duration in the four-seven year range over the last five years.

Returns

The fund delivered strong performance between 2020 and 2025, benefiting from the outperformance of value stocks and robust gains in its small-cap holdings. During this period, it generated an annualised return of 18.5 per cent, comfortably ahead of the category average of 16.2 per cent.

Performance over the past year, however, broadly matched the category, with the fund declining around 1 per cent. The weaker showing was driven by three factors: An overweight position in IT during a period of sector weakness, a deliberate avoidance of high-flying sectors such as defence, capital goods and power, and stock-specific disappointments within parts of the small-cap portfolio.

The fund has consistently outperformed the category on a rolling return basis. Its average five-year rolling return stands at 18.5 per cent, compared with the category average of 16 per cent, with rolling returns ranging between 12 per cent and 26 per cent. On a three-year rolling basis, it has delivered an average CAGR of 18 per cent versus the category average of 15 per cent.

The regular plan carries a base expense ratio of 1.54 per cent, lower than the category average of 1.73 per cent. However, the direct plan’s expense ratio of 0.98 per cent is marginally higher than the category average of 0.72 per cent.

The fund is best suited for long-term investors who can remain invested through temporary phases of underperformance without reacting to short-term market trends. Investors can invest through a systematic investment plan (SIP) and maintain an investment horizon of at least five years.

Published on June 27, 2026

Source link

Life Cycle Funds: A smart retirement tool or just another mutual fund category?

by Hansraj Agrawal | Jun 27, 2026 | Share Market

India’s mutual fund industry has a new version of target-date investing. In February 2026, SEBI introduced Life Cycle Funds (LCFs), replacing the earlier retirement and children’s solution-oriented schemes. The category has started moving, with Zerodha Mutual Fund launching the first LCF NFOs and ICICI Prudential Mutual Fund filing draft documents for three schemes.

But are LCFs a genuine innovation for goal-based investing, or just another mutual fund category? Here is a closer look.

Built-in asset rebalancing

LCFs are open-ended mutual fund schemes with a predefined target maturity year. AMCs can launch schemes maturing in 5, 10, 15, 20, 25 and 30 years, with a maximum of six active schemes open for subscription at any point. Each scheme must mention its maturity year in its name. Investors can enter and exit at any time.

The key feature is the glide path. Unlike Target Maturity Funds, whose portfolios remain largely static until maturity, LCFs gradually reduce equity allocation and increase debt allocation as the target year approaches. Investors do not have to decide when to shift from equity to debt.

For instance, an LCF maturing in 2051 could start with 65-95 per cent equity. In the final year before maturity, equity exposure may fall to 5-20 per cent, making debt the dominant asset class. SEBI has prescribed allocation bands for every stage of the fund’s life.

This addresses a common behavioural problem. Many investors stay overexposed to equities near retirement or other goals. Others move to debt too early and hurt long-term returns. LCFs embed disciplined asset allocation within the product.

Measured choices

LCFs can invest in equity, debt, InvITs, exchange-traded commodity derivatives, and Gold and Silver ETFs. Early products suggest a measured approach. Zerodha proposes to use stocks from the top 250 companies in the AMFI market-cap classification. ICICI Prudential proposes to use the Nifty 200 universe.

On the debt side, fund managers can invest in government securities, corporate bonds and money market instruments. Once a scheme has less than five years to maturity, debt investments must be restricted to AA-rated and above securities, with maturities shorter than the scheme’s target maturity. This reduces credit risk and interest-rate risk near the goal date.

Exposure to Gold ETFs, Silver ETFs, exchange-traded commodity derivatives and InvITs is capped at 10 per cent throughout the fund’s life. Commodity derivatives are allowed only for gold and silver. Alternative assets remain modest, while equity and debt remain the core drivers.

Arbitrage for equity taxation

Under SEBI’s framework, an LCF’s net equity allocation falls below 65 per cent when the remaining maturity is less than five years. This could affect equity tax status. To address this, SEBI allows fund managers to allocate up to 50 per cent to arbitrage while keeping overall equity exposure within the mandated 65-75 per cent range. This helps retain equity taxation while lowering market risk in the final years.

SEBI has prescribed a graded exit load: 3 per cent if units are redeemed within one year, 2 per cent within two years, and 1 per cent within three years. This is steeper than most mutual fund schemes and is meant to discourage short-term use.

The main benefit is simplicity. LCFs remove the recurring decision of when to move from equity to debt. The portfolio becomes more conservative as the target year nears, reducing the need for investors to monitor markets or rebalance manually. Investors can choose a fund matching their horizon, invest through SIPs and leave asset allocation to the fund manager.

MF versus NPS

The idea is not new to Indian retirement investing. The National Pension System has used a life-cycle approach for years through its Auto Choice option. Equity exposure falls with age, while corporate bond and government securities exposure rises. The newer Retirement Income Scheme under NPS also follows a glide path.

The difference is important. In NPS, the glide path is linked to the subscriber’s age and is applied individually. In mutual fund LCFs, it is scheme-based. Every investor in a target-year fund follows the same allocation path until maturity. NPS is mainly a retirement product with long lock-ins and limited liquidity. LCFs are open-ended and can be used for retirement, education or other long-term goals.

Limitations

LCFs are not a one-size-fits-all solution. Investors have different incomes, responsibilities, risk appetites and existing portfolios. Yet everyone in a scheme follows the same glide path.

The funds may also become too conservative for some investors. With retirement periods now lasting 25-30 years, a sharp reduction in equity near retirement may reduce market risk but also limit inflation-beating returns. Investors who want to change allocation based on market conditions or personal circumstances may also find the glide path restrictive.

Unlike NPS, LCFs do not offer any additional tax deduction. Tax treatment will depend on each scheme’s structure. Many AMCs may opt for equity-oriented funds, while others may choose debt-oriented or non-equity, non-debt structures, especially for shorter-duration schemes. Post-tax returns will therefore matter.

NFO details

Zerodha Mutual Fund has become the first AMC to launch LCF NFOs. It is offering Zerodha Life Cycle Fund 2036 and Zerodha Life Cycle Fund 2041. The NFOs close on July 7, 2026. It has also sought SEBI approval for LCFs maturing in 2031, 2046 and 2051.

The schemes will invest in stocks from the Nifty LargeMidcap 250 Index, with equal allocation to large-cap and mid-cap stocks. Debt allocation will be restricted to government securities. The schemes are equity-oriented and will use arbitrage, where needed, to retain equity tax status.

ICICI Prudential Mutual Fund has filed Scheme Information Documents with SEBI for LCFs maturing in 2031, 2036 and 2041. The equity portfolio is proposed to be built from the Nifty 200 universe. Like Zerodha, the schemes can use arbitrage exposure of up to 50 per cent to preserve equity-oriented tax status.

Suitability

LCFs are best suited for first-time investors building a retirement corpus, SIP investors seeking a set-and-forget approach, and investors pursuing long-term goals who do not want to rebalance regularly. They may be less suitable for sophisticated investors with disciplined asset-allocation strategies, high-net-worth investors with complex needs, or those who want greater control over equity and debt allocation.

LCFs are a meaningful mutual fund innovation. But investors should not assume that automatic allocation will automatically deliver better outcomes. The category’s success will depend on whether the glide paths work across market cycles and whether investors understand that convenience does not remove investment risk.

For investors who struggle with disciplined asset allocation, LCFs can be a useful long-term vehicle. But outcomes will depend on fund management quality, glide-path design, costs and investor discipline. Expense ratios are expected to be similar to hybrid funds, with the maximum permissible base total expense ratio capped at 2.1 per cent.

Published on June 27, 2026

Source link

Mutual Funds returns

by Hansraj Agrawal | Jun 27, 2026 | Share Market

EQUITY – LARGE & MID CAP FUNDS

Bandhan Large & Mid Cap Fund

139.0

17461

1.4

0.4

4.7

21.0

17.0

15.8

0.51

HYBRID – AGGRESSIVE HYBRID FUNDS

BOI AXA Mid & Small Cap Eq&Debt

41.6

1554

1.8

0.6

8.8

19.4

15.5

–

0.43

HYBRID – BALANCED ADVANTAGE FUNDS

Baroda BNP Paribas Balanced Advantage Fund

25.5

4871

1.6

0.6

4.2

12.7

11.2

–

0.42

EQUITY – LARGE CAP FUNDS

Canara Robeco Large Cap Fund

61.2

16323

1.4

0.5

-3.7

11.5

9.9

13.6

0.27

EQUITY – TAX SAVING (ELSS) FUNDS

DSP ELSS Tax Saver Fund

139.3

16156

1.4

0.6

-0.6

16.9

13.5

15.3

0.39

HYBRID – EQUITY SAVINGS FUNDS

Edelweiss Equity Savings Fund

26.8

1365

1.4

0.5

7.2

10.8

8.9

9.2

0.66

EQUITY – MID CAP FUNDS

Edelweiss Mid Cap Fund

106.6

16849

1.4

0.4

4.3

22.8

19.0

18.7

0.53

HYBRID – BALANCED ADVANTAGE FUNDS

HDFC Balanced Advantage Fund

520.7

104016

1.3

0.8

0.2

14.6

15.0

14.7

0.65

EQUITY – FLEXI CAP FUNDS

HDFC Flexi Cap Fund

2013.7

101822

1.3

0.7

1.5

18.0

17.7

16.3

0.58

EQUITY – LARGE & MID CAP FUNDS

HDFC Large and Mid Cap Fund

342.5

28515

1.6

0.9

0.4

16.4

15.7

14.9

0.46

EQUITY – MID CAP FUNDS

HDFC Mid Cap Fund

204.9

97350

1.3

0.7

6.0

20.9

20.1

18.1

0.61

EQUITY – VALUE FUNDS

HSBC Value Fund

113.6

14548

1.5

0.6

2.4

20.2

17.5

16.3

0.50

EQUITY – DIVIDEND YIELD FUNDS

ICICI Prudential Dividend Yield Equity Fund

53.3

6477

1.6

0.5

1.8

19.1

18.7

15.8

0.65

HYBRID – AGGRESSIVE HYBRID FUNDS

ICICI Prudential Equity & Debt Fund

405.1

50033

1.2

0.8

3.4

16.6

16.7

15.7

0.71

EQUITY – LARGE & MID CAP FUNDS

ICICI Prudential Large & Mid Cap Fund

1014.9

30147

1.4

0.7

1.5

17.9

17.3

15.6

0.58

EQUITY – LARGE CAP FUNDS

ICICI Prudential Large Cap Fund

108.4

76297

1.1

0.7

-1.7

14.2

13.2

14.0

0.42

EQUITY – SECTOR – PHARMA FUNDS

ICICI Prudential P.H.D Fund

42.6

6454

1.6

0.9

9.1

26.4

16.2

–

0.53

HYBRID – CONSERVATIVE HYBRID FUNDS

ICICI Prudential Regular Savings Fund

78.9

3302

1.4

0.8

4.5

9.3

8.5

9.2

0.82

EQUITY – VALUE FUNDS

ICICI Prudential Value Fund

462.4

58954

1.2

0.8

-1.5

16.3

16.5

14.8

0.61

EQUITY – FLEXI CAP FUNDS

JM Flexicap Fund

97.2

5069

1.6

0.6

-0.7

16.9

16.4

16.7

0.46

HYBRID – CONSERVATIVE HYBRID FUNDS

Kotak Debt Hybrid Fund

59.6

2862

1.7

0.5

2.0

8.5

8.2

9.0

0.56

EQUITY – THEMATIC – CONSUMPTION FUNDS

Nippon India Consumption Fund

186.7

2368

1.7

0.6

-6.4

11.0

13.4

12.8

0.37

EQUITY – LARGE CAP FUNDS

Nippon India Large Cap Fund

90.0

51660

1.2

0.6

-0.9

14.5

15.1

14.6

0.47

EQUITY – SMALL CAP FUNDS

Nippon India Small Cap Fund

179.8

74604

1.1

0.5

5.5

18.8

20.5

21.3

0.52

EQUITY – FLEXI CAP FUNDS

Parag Parikh Flexi Cap Fund

81.8

141447

1.1

0.5

-3.1

14.3

13.9

16.9

0.52

HYBRID – AGGRESSIVE HYBRID FUNDS

Quant Aggressive Hybrid Fund

470.3

2128

1.8

0.6

11.2

15.2

13.6

16.0

0.44

EQUITY – TAX SAVING (ELSS) FUNDS

Quant ELSS Tax Saver Fund

404.2

13070

1.5

0.6

10.9

17.9

15.7

19.7

0.40

EQUITY – MID CAP FUNDS

Quant Mid Cap Fund

220.1

8109

1.5

0.6

1.2

16.3

15.9

16.9

0.44

EQUITY – SMALL CAP FUNDS

Quant Small Cap Fund

280.4

31774

1.3

0.6

9.7

20.8

19.8

19.9

0.47

EQUITY – TAX SAVING (ELSS) FUNDS

SBI ELSS Tax Saver Fund

436.7

30955

1.3

0.8

-0.6

18.7

16.6

14.8

0.51

EQUITY – SECTOR – IT FUNDS

SBI Technology Opportunities Fund

178.7

4228

1.6

0.8

-18.7

7.5

7.3

14.5

0.22

HYBRID – EQUITY SAVINGS FUNDS

Sundaram Equity Savings Fund

70.8

1064

2.2

0.8

0.4

9.3

8.7

9.2

0.46

EQUITY – SECTOR – BANKING FUNDS

Sundaram Financial Services Opportunities

108.7

1590

2.1

0.8

3.1

15.1

14.0

14.4

0.35

HYBRID – BALANCED ADVANTAGE FUNDS

Aditya Birla SL Bal Advantage

110.7

9253

1.5

0.6

3.7

11.7

9.7

10.8

0.45

EQUITY – LARGE & MID CAP FUNDS

Axis Large & Mid Cap Fund

34.1

15879

1.4

0.6

4.8

15.5

13.4

–

0.36

EQUITY – SMALL CAP FUNDS

AXIS Small Cap Fund

111.5

27840

1.4

0.5

4.0

16.2

17.1

18.7

0.48

EQUITY – TAX SAVING (ELSS) FUNDS

Bandhan ELSS Tax Saver Fund

154.3

6767

1.6

0.6

1.3

12.2

12.5

15.0

0.35

EQUITY – VALUE FUNDS

Bandhan Value Fund

147.2

9823

1.5

0.6

-0.5

13.2

14.3

15.5

0.41

EQUITY – TAX SAVING (ELSS) FUNDS

Bank of India ELSS Tax Saver

164.5

1380

1.8

0.8

2.6

15.6

13.1

16.2

0.33

EQUITY – SMALL CAP FUNDS

Bank of India Small Cap Fund

53.6

2318

1.7

0.4

15.2

21.5

19.5

–

0.46

HYBRID – AGGRESSIVE HYBRID FUNDS

Baroda BNP Paribas Aggressive Hybrid Fund

27.9

1234

1.9

0.5

-0.4

11.9

9.9

–

0.32

EQUITY – THEMATIC – CONSUMPTION FUNDS

Baroda BNP Paribas India Consumption Fund

29.7

1383

1.8

0.6

-4.9

10.2

11.0

–

0.28

EQUITY – THEMATIC – CONSUMPTION FUNDS

Canara Robeco Consumption Fund

104.8

1883

1.8

0.7

-5.4

11.1

12.0

15.1

0.31

EQUITY – TAX SAVING (ELSS) FUNDS

Canara Robeco ELSS Tax Saver

177.4

8472

1.5

0.6

0.3

12.9

11.2

14.8

0.32

EQUITY – SECTOR – PHARMA FUNDS

DSP Healthcare Fund

42.6

3309

1.7

0.5

11.4

22.3

14.7

–

0.45

HYBRID – AGGRESSIVE HYBRID FUNDS

Edelweiss Aggressive Hybrid Fund

64.2

3667

1.6

0.4

0.8

13.9

13.1

12.7

0.51

HYBRID – BALANCED ADVANTAGE FUNDS

Edelweiss Balanced Advantage Fund

52.2

12909

1.5

0.5

2.8

10.7

9.3

11.1

0.37

EQUITY – FLEXI CAP FUNDS

Edelweiss Flexi Cap Fund

38.4

3374

1.7

0.5

15.4

13.3

14.8

0.37

EQUITY – DIVIDEND YIELD FUNDS

Franklin India Dividend Yield Fund

135.8

2317

1.7

1.0

-1.7

13.9

13.2

15.1

0.51

EQUITY – FLEXI CAP FUNDS

Franklin India Flexi Cap Fund

1601.5

18797

1.4

0.8

-3.1

15.0

13.5

13.4

0.39

EQUITY – TAX SAVING (ELSS) FUNDS

HDFC ELSS Tax saver

1361.7

15366

1.7

1.1

-3.8

16.0

13.8

0.53

HYBRID – EQUITY SAVINGS FUNDS

HDFC Equity Savings Fund

67.3

5644

1.9

0.9

2.3

8.7

8.1

9.3

0.47

HYBRID – CONSERVATIVE HYBRID FUNDS

HDFC Hybrid Debt Fund

83.9

3218

1.7

1.2

2.1

8.3

8.2

8.6

0.62

EQUITY – LARGE CAP FUNDS

HDFC Large Cap Fund

1119.5

37808

1.5

1.0

-1.8

11.9

12.2

13.0

0.35

HYBRID – BALANCED ADVANTAGE FUNDS

ICICI Prudential Balanced Advantage Fund

77.5

70570

1.2

0.7

4.7

12.1

10.8

11.2

0.58

EQUITY – SECTOR – IT FUNDS

ICICI Prudential Technology Fund

164.9

13358

1.5

0.9

-19.9

6.8

5.2

14.7

0.15

EQUITY – SECTOR – BANKING FUNDS

Invesco India Financial Services Fund

148.0

1701

1.8

0.7

6.4

19.3

15.0

15.7

0.37

EQUITY – MID CAP FUNDS

Invesco India Midcap Fund

193.6

12397

1.5

0.5

8.1

25.3

20.4

19.0

0.52

EQUITY – SMALL CAP FUNDS

Invesco India Smallcap Fund

46.1

11717

1.5

0.4

9.5

23.7

20.4

–

0.49

HYBRID – AGGRESSIVE HYBRID FUNDS

JM Aggressive Hybrid Fund

115.9

692

2.0

0.7

-5.1

14.5

12.8

11.9

0.40

EQUITY – TAX SAVING (ELSS) FUNDS

JM ELSS Tax Saver Fund

49.9

223

2.1

0.9

3.5

16.6

14.6

16.0

0.39

EQUITY – LARGE CAP FUNDS

JM Large Cap Fund

151.1

416

2.1

0.8

-1.8

12.2

11.3

11.0

0.31

HYBRID – AGGRESSIVE HYBRID FUNDS

Kotak Aggressive Hybrid Fund

64.5

8670

1.8

0.5

3.7

13.8

12.0

12.9

0.42

HYBRID – EQUITY SAVINGS FUNDS

Kotak Equity Savings Fund

27.2

10108

1.7

0.7

4.6

10.0

9.4

9.2

0.61

EQUITY – LARGE CAP FUNDS

Kotak Large Cap Fund

562.3

10516

1.8

0.7

-2.0

12.1

10.5

12.4

0.29

EQUITY – MID CAP FUNDS

Mahindra Manulife Mid Cap Fund

36.3

4866

1.6

0.4

9.4

22.5

18.4

–

0.51

EQUITY – TAX SAVING (ELSS) FUNDS

Mirae Asset ELSS Tax Saver Fund

49.9

25374

1.4

0.6

2.1

14.7

12.1

16.9

0.34

HYBRID – EQUITY SAVINGS FUNDS

Mirae Asset Equity Savings Fund

21.1

1950

1.2

0.3

4.1

10.1

8.8

–

0.49

EQUITY – MID CAP FUNDS

Motilal Oswal Midcap Fund

93.9

36458

1.3

0.6

-8.9

17.7

21.6

16.3

0.54

EQUITY – SECTOR – BANKING FUNDS

Nippon India Banking & Financial Services

649.5

7442

1.5

0.8

1.6

14.5

14.2

14.1

0.36

EQUITY – MID CAP FUNDS

Nippon India Growth Mid Cap Fund

4471.2

47415

1.3

0.6

7.4

23.1

20.6

18.9

0.58

EQUITY – VALUE FUNDS

Nippon India Value Fund

224.3

8821

1.5

0.9

-0.7

18.2

15.6

15.8

0.45

EQUITY – FLEXI CAP FUNDS

PGIM India Flexi Cap Fund

36.1

5733

1.9

0.6

-0.6

10.3

9.1

13.9

0.23

EQUITY – LARGE & MID CAP FUNDS

Quant Large & Mid Cap Fund

124.0

3424

1.7

0.6

6.4

18.2

16.2

15.7

0.43

HYBRID – CONSERVATIVE HYBRID FUNDS

SBI Conservative Hybrid Fund

76.2

9793

1.2

0.9

5.2

9.0

8.8

0.77

EQUITY – LARGE & MID CAP FUNDS

SBI Large & Midcap Fund

646.2

39424

1.3

0.6

5.3

15.2

14.4

15.2

0.45

EQUITY – LARGE CAP FUNDS

SBI Large Cap Fund

94.4

53527

1.2

0.7

2.0

11.5

11.2

12.3

0.33

EQUITY – FLEXI CAP FUNDS

Union Flexi Cap Fund

51.3

2289

1.7

0.8

0.2

12.8

11.4

13.3

0.31

HYBRID – AGGRESSIVE HYBRID FUNDS

UTI Aggressive Hybrid Fund

404.5

6473

1.5

1.0

-0.3

13.1

12.3

12.0

0.46

HYBRID – EQUITY SAVINGS FUNDS

UTI Equity Savings Fund

18.8

823

1.7

0.8

3.1

8.9

8.6

–

0.54

EQUITY – LARGE & MID CAP FUNDS

UTI Large & Mid Cap Fund

183.3

5964

1.8

1.0

1.6

18.5

15.3

14.3

0.48

EQUITY – SECTOR – BANKING FUNDS

Aditya Birla SL Bank & Fin Serv

63.6

3466

1.7

0.9

3.5

13.3

11.8

13.1

0.26

EQUITY – THEMATIC – CONSUMPTION FUNDS

Aditya Birla Sun Life Consumption Fund

203.2

5843

1.6

0.7

-5.9

10.1

10.9

13.8

0.28

EQUITY – FLEXI CAP FUNDS

Aditya Birla Sun Life Flexi Cap Fund

1889.9

26032

1.4

0.7

4.9

16.6

12.4

14.4

0.35

EQUITY – LARGE CAP FUNDS

Aditya Birla Sun Life Large Cap Fund

512.0

28640

1.4

0.8

-3.5

11.6

10.8

12.0

0.30

HYBRID – CONSERVATIVE HYBRID FUNDS

Aditya Birla Sun Life Regular Savings Fund

69.8

1475

1.5

0.8

4.4

8.5

7.9

8.3

0.62

HYBRID – BALANCED ADVANTAGE FUNDS

Axis Balanced Advantage Fund

21.4

3750

1.6

0.6

2.0

12.5

9.9

–

0.45

HYBRID – EQUITY SAVINGS FUNDS

Axis Equity Savings Fund

22.9

863

2.0

0.9

3.7

9.2

7.6

8.5

0.36

EQUITY – MID CAP FUNDS

Axis Midcap Fund

119.0

32852

1.3

0.5

4.5

17.5

14.5

17.2

0.40

HYBRID – AGGRESSIVE HYBRID FUNDS

Bandhan Aggressive Hybrid Fund

27.3

2021

1.8

0.5

6.6

14.6

11.7

–

0.39

EQUITY – FLEXI CAP FUNDS

Bandhan Flexi Cap Fund

208.9

7257

1.5

0.9

-0.2

13.5

11.1

11.3

0.31

EQUITY – LARGE CAP FUNDS

Bandhan Large Cap Fund

76.9

2001

1.8

0.8

0.2

13.5

11.5

12.7

0.32

EQUITY – LARGE & MID CAP FUNDS

BOI Large & Mid Cap Equity Fund

92.1

473

2.1

1.0

4.5

15.7

12.9

13.1

0.36

EQUITY – TAX SAVING (ELSS) FUNDS

Baroda BNP Paribas ELSS Tax Saver Fund

98.1

882

2.0

0.9

3.1

16.3

12.2

12.9

0.33

EQUITY – LARGE CAP FUNDS

Baroda BNP Paribas Large Cap Fund

217.5

2550

1.7

0.7

-1.9

12.9

11.3

12.6

0.33

EQUITY – MID CAP FUNDS

Baroda BNP Paribas Mid Cap Fund

110.3

2461

1.7

0.5

9.8

19.9

16.0

15.9

0.46

HYBRID – CONSERVATIVE HYBRID FUNDS

Canara Robeco Conservative Hybrid Fund

98.9

854

1.5

0.6

2.1

7.3

6.5

7.9

0.37

HYBRID – AGGRESSIVE HYBRID FUNDS

Canara Robeco Equity Hybrid Fund

364.1

10953

1.5

0.5

0.6

11.6

9.9

12.4

0.34

EQUITY – FLEXI CAP FUNDS

Canara Robeco Flexi Cap Fund

338.4

13010

1.5

0.5

-1.1

12.6

10.7

14.3

0.30

EQUITY – LARGE & MID CAP FUNDS

Canara Robeco Large and Mid Cap Fund

250.9

24490

1.4

0.5

-3.0

13.8

11.6

15.2

0.32

HYBRID – AGGRESSIVE HYBRID FUNDS

DSP Aggressive Hybrid Fund

351.2

11513

1.5

0.6

-2.4

12.2

9.8

12.1

0.31

HYBRID – BALANCED ADVANTAGE FUNDS

DSP Dynamic Asset Allocation Fund

28.7

3665

1.6

0.6

4.6

11.0

8.3

9.0

0.40

HYBRID – EQUITY SAVINGS FUNDS

DSP Equity Savings Fund

22.3

3478

1.3

0.6

2.5

8.8

7.6

8.1

0.53

EQUITY – FLEXI CAP FUNDS

DSP Flexi Cap Fund

103.0

11798

1.5

0.6

-0.3

13.9

10.9

14.4

0.28

EQUITY – LARGE & MID CAP FUNDS

DSP Large & Mid Cap Fund

621.8

17370

1.4

0.5

0.3

17.3

13.3

15.1

0.39

HYBRID – CONSERVATIVE HYBRID FUNDS

DSP Regular Savings Fund

60.8

179

1.0

0.5

3.5

9.0

7.3

7.2

0.53

EQUITY – SMALL CAP FUNDS

DSP Small Cap Fund

216.5

18358

1.4

0.6

8.9

19.1

18.4

16.8

0.46

EQUITY – LARGE & MID CAP FUNDS

Edelweiss Large & Mid Cap Fund

88.9

4557

1.6

0.4

1.9

15.8

13.6

14.8

0.39

EQUITY – LARGE CAP FUNDS

Edelweiss Large Cap Fund

82.1

1422

1.8

0.6

-2.8

10.9

10.6

12.6

0.30

HYBRID – AGGRESSIVE HYBRID FUNDS

Franklin India Aggressive Hybrid Fund

267.3

2290

1.7

0.8

-1.6

11.9

10.0

11.0

0.33

HYBRID – CONSERVATIVE HYBRID FUNDS

Franklin India Conservative Hybrid Fund

92.2

192

1.2

0.6

1.3

8.1

6.9

7.1

0.42

EQUITY – TAX SAVING (ELSS) FUNDS

Franklin India ELSS Tax Saver Fund

1427.2

6039

1.6

0.9

-4.2

14.5

12.7

0.36

EQUITY – LARGE CAP FUNDS

Franklin India Large Cap Fund

1001.6

7145

1.5

0.9

-2.9

11.4

8.8

10.7

0.23

EQUITY – SECTOR – IT FUNDS

Franklin India Technology Fund

431.4

1645

1.7

0.9

-17.2

10.6

7.1

14.0

0.20

HYBRID – AGGRESSIVE HYBRID FUNDS

HDFC Hybrid Equity Fund

113.8

21910

1.6

1.0

-4.5

7.8

9.2

10.9

0.29

EQUITY – SMALL CAP FUNDS

HDFC Small Cap Fund

137.9

38809

1.5

0.7

-0.6

14.5

16.5

17.8

0.42

EQUITY – VALUE FUNDS

HDFC Value Fund

768.7

7314

1.8

1.0

3.3

17.6

14.8

14.3

0.43

HYBRID – BALANCED ADVANTAGE FUNDS

HSBC Balanced Advantage Fund

43.8

1492

1.8

0.7

1.3

9.9

8.1

8.3

0.32

HYBRID – CONSERVATIVE HYBRID FUNDS

HSBC Conservative Hybrid Fund

63.7

149

1.8

1.0

3.9

9.3

7.6

0.42

HYBRID – EQUITY SAVINGS FUNDS

HSBC Equity Savings Fund

36.5

1016

1.3

0.6

11.5

13.3

11.0

9.5

0.49

EQUITY – FLEXI CAP FUNDS

HSBC Flexi Cap Fund

226.3

5538

1.6

0.9

2.5

17.6

13.8

13.2

0.36

EQUITY – SECTOR – BANKING FUNDS

ICICI Prudential Banking & Financial Serv

132.9

10643

1.5

0.9

-1.5

11.7

10.5

13.1

0.24

EQUITY – TAX SAVING (ELSS) FUNDS

ICICI Pru Long Term Equity

932.0

13638

1.5

0.9

0.1

13.7

12.1

13.0

0.35

EQUITY – MID CAP FUNDS

ICICI Prudential Midcap Fund

338.5

7789

1.5

0.9

12.5

24.5

18.3

17.3

0.54

EQUITY – SMALL CAP FUNDS

ICICI Prudential Smallcap Fund

89.6

8949

1.5

0.7

2.4

13.8

15.9

16.3

0.46

HYBRID – BALANCED ADVANTAGE FUNDS

Invesco India Balanced Advantage Fund

52.5

1017

1.8

0.7

-2.7

9.5

8.3

9.4

0.28

EQUITY – LARGE & MID CAP FUNDS

Invesco India Large & Mid Cap Fund

107.5

10153

1.5

0.5

6.7

24.0

17.6

16.7

0.46

EQUITY – LARGE CAP FUNDS

Invesco India Largecap Fund

70.7

1749

1.8

0.7

0.9

14.6

12.6

12.9

0.34

EQUITY – VALUE FUNDS

JM Value Fund

94.7

805

2.0

1.0

-4.3

16.2

15.5

16.0

0.41

HYBRID – BALANCED ADVANTAGE FUNDS

Kotak Balanced Advantage Fund

20.9

17112

1.7

0.6

1.5

9.9

8.8

–

0.37

EQUITY – TAX SAVING (ELSS) FUNDS

Kotak ELSS Tax Saver Fund

114.9

6020

1.9

0.7

-0.7

12.7

12.0

14.2

0.33

EQUITY – FLEXI CAP FUNDS

Kotak Flexicap Fund

85.0

54801

1.4

0.6

-0.6

14.2

11.7

13.6

0.33

EQUITY – LARGE & MID CAP FUNDS

Kotak Large & Midcap Fund

348.6

30127

1.6

0.6

2.8

15.9

14.3

15.5

0.41

EQUITY – MID CAP FUNDS

Kotak Midcap Fund

144.0

64749

1.4

0.4

6.8

20.2

17.4

17.9

0.50

EQUITY – SMALL CAP FUNDS

Kotak Small Cap Fund

264.0

17806

1.7

0.6

0.0

13.3

13.6

16.9

0.35

EQUITY – DIVIDEND YIELD FUNDS

LIC MF Dividend Yield Fund

32.1

686

2.1

0.7

3.1

20.3

15.9

–

0.44

EQUITY – TAX SAVING (ELSS) FUNDS

Mahindra Manulife ELSS Tax Saver Fund

27.2

867

2.0

0.7

-5.3

9.8

10.2

–

0.28

HYBRID – EQUITY SAVINGS FUNDS

Mahi Manu Eq Sav Dhan San Yojana

21.4

526

2.1

0.7

4.8

9.3

7.9

–

0.36

HYBRID – AGGRESSIVE HYBRID FUNDS

Mirae Asset Aggressive Hybrid Fund

33.1

9285

1.5

0.4

2.8

11.9

10.1

12.4

0.34

EQUITY – THEMATIC – CONSUMPTION FUNDS

Mirae Asset Great Consumer Fund

90.1

4389

1.6

0.4

-2.2

11.1

13.0

15.2

0.33

EQUITY – SECTOR – PHARMA FUNDS

Mirae Asset Healthcare Fund

43.0

3091

1.7

0.4

14.1

24.0

14.4

–

0.45

EQUITY – LARGE & MID CAP FUNDS

Mirae Asset Large & Midcap Fund

154.5

42792

1.3

0.5

3.0

14.9

12.0

16.8

0.33

EQUITY – LARGE CAP FUNDS

Mirae Asset Large Cap Fund

111.2

37692

1.3

0.5

-1.3

10.4

9.2

12.9

0.25

EQUITY – TAX SAVING (ELSS) FUNDS

Motilal Oswal ELSS Tax Saver Fund

55.0

4663

1.6

0.6

5.9

22.4

17.6

17.1

0.42

HYBRID – BALANCED ADVANTAGE FUNDS

Nippon India Balanced Advantage Fund

181.9

9574

1.5

0.5

3.5

11.3

9.5

11.0

0.42

EQUITY – SECTOR – PHARMA FUNDS

Nippon India Pharma Fund

550.8

8636

1.5

0.8

7.8

21.5

12.8

15.6

0.40

EQUITY – LARGE & MID CAP FUNDS

Nippon India Vision Large & Mid Cap Fund

1485.4

7233

1.5

1.0

1.8

17.9

15.2

13.3

0.45

EQUITY – MID CAP FUNDS

PGIM India Midcap Fund

64.6

10822

1.8

0.6

-0.8

12.2

12.1

15.9

0.34

EQUITY – TAX SAVING (ELSS) FUNDS

Quantum ELSS Tax Saver Fund

117.6

208

2.1

0.9

-6.1

12.3

10.4

11.1

0.32

EQUITY – SECTOR – BANKING FUNDS

SBI Banking & Financial Services Fund

44.4

10375

1.5

0.7

3.7

17.6

13.1

15.7

0.31

EQUITY – THEMATIC – CONSUMPTION FUNDS

SBI Consumption Opportunities Fund

284.6

2806

0.8

0.3

-8.3

8.1

12.9

13.8

0.34

HYBRID – AGGRESSIVE HYBRID FUNDS

SBI Equity Hybrid Fund

312.9

84011

1.1

0.6

3.4

13.6

11.0

12.3

0.43

HYBRID – EQUITY SAVINGS FUNDS

SBI Equity Savings Fund

24.6

5643

1.3

0.8

2.7

9.4

8.3

8.7

0.46

EQUITY – FLEXI CAP FUNDS

SBI Flexicap Fund

106.9

22387

1.4

0.7

-1.4

9.8

9.2

12.0

0.25

EQUITY – SECTOR – PHARMA FUNDS

SBI Healthcare Opportunities Fund

484.1

4566

1.6

0.8

14.6

24.4

16.5

13.9

0.55

EQUITY – MID CAP FUNDS

SBI Midcap Fund

240.8

23417

1.4

0.7

1.7

13.1

15.1

14.3

0.44

HYBRID – AGGRESSIVE HYBRID FUNDS

Sundaram Aggressive Hybrid Fund

158.7

8629

1.7

0.7

-1.8

10.4

9.4

11.8

0.31

EQUITY – TAX SAVING (ELSS) FUNDS

Sundaram ELSS Tax Saver Fund

496.9

1263

2.2

1.6

-2.4

11.6

11.2

13.5

0.32

EQUITY – MID CAP FUNDS

Sundaram Mid Cap Fund

1466.0

13687

1.7

0.9

6.4

22.1

18.4

15.2

0.52

EQUITY – SMALL CAP FUNDS

Sundaram Small Cap Fund

285.0

3681

1.9

0.9

10.4

19.1

17.6

15.1

0.44

HYBRID – AGGRESSIVE HYBRID FUNDS

Tata Aggressive Hybrid Fund

438.1

3681

1.6

0.8

0.7

9.5

9.9

0.30

EQUITY – SECTOR – BANKING FUNDS

Tata Banking and Financial Services Fund

44.0

3036

1.7

0.5

0.4

13.5

12.1

14.5

0.29

EQUITY – TAX SAVING (ELSS) FUNDS

Tata ELSS Fund

46.0

4516

1.6

0.7

3.5

14.6

13.1

13.9

0.37

EQUITY – FLEXI CAP FUNDS

Tata Flexi Cap Fund

23.5

3630

1.6

0.6

-4.1

12.4

10.1

–

0.28

EQUITY – THEMATIC – CONSUMPTION FUNDS

Tata India Consumer Fund

45.2

2583

1.7

0.6

3.1

14.6

14.0

16.2

0.37

EQUITY – LARGE CAP FUNDS

Tata Large Cap Fund

505.2

2682

1.7

0.8

0.4

12.2

11.0

12.0

0.32

EQUITY – MID CAP FUNDS

Tata Mid Cap Fund

453.5

5732

1.6

0.6

5.6

18.4

16.0

16.4

0.46

EQUITY – SMALL CAP FUNDS

Tata Small Cap Fund

37.6

11645

1.5

0.4

-6.6

12.3

15.0

–

0.37

EQUITY – VALUE FUNDS

Templeton India Value Fund

702.5

2087

1.8

0.8

-2.2

13.4

14.5

14.3

0.45

HYBRID – BALANCED ADVANTAGE FUNDS

Union Balanced Advantage Fund

20.3

1218

1.9

0.9

1.1

8.5

7.2

–

0.24

EQUITY – TAX SAVING (ELSS) FUNDS

Union ELSS Tax Saver Fund

64.7

835

2.0

1.2

0.5

12.5

11.9

13.0

0.34

EQUITY – SMALL CAP FUNDS

Union Small Cap Fund

56.2

2094

1.8

0.8

16.6

19.3

17.8

16.7

0.42

EQUITY – VALUE FUNDS

Union Value Fund

28.8

375

2.1

1.1

3.0

15.8

14.0

–

0.42

HYBRID – CONSERVATIVE HYBRID FUNDS

UTI Conservative Hybrid Fund

70.6

1641

1.9

1.3

1.6

8.3

8.1

7.8

0.56

EQUITY – DIVIDEND YIELD FUNDS

UTI Dividend Yield Fund

175.8

3697

1.9

1.4

-0.3

16.8

12.9

14.1

0.41

EQUITY – LARGE CAP FUNDS

UTI Large Cap Fund

261.3

11853

1.9

1.1

-5.3

9.1

8.2

11.4

0.21

EQUITY – VALUE FUNDS

UTI Value Fund

164.7

9258

1.8

1.2

-2.4

15.3

12.5

13.6

0.38

EQUITY – SECTOR – IT FUNDS

Aditya Birla Sun Life Digital India Fund

140.9

3817

1.6

0.8

-19.9

4.4

4.5

14.3

0.13

EQUITY – DIVIDEND YIELD FUNDS

Aditya Birla Sun Life Dividend Yield Fund

447.3

1459

1.8

1.1

-0.1

15.6

14.0

13.1

0.45

HYBRID – AGGRESSIVE HYBRID FUNDS

Aditya Birla Sun Life Equity Hybrid ’95 Fund

1519.4

6934

1.5

0.9

-0.7

11.2

9.0

10.0

0.26

HYBRID – EQUITY SAVINGS FUNDS

Aditya Birla Sun Life Equity Savings Fund

23.1

1117

0.9

0.5

5.5

8.4

6.7

7.8

0.28

EQUITY – MID CAP FUNDS

Aditya Birla Sun Life Midcap Fund

831.6

6398

1.6

0.9

5.2

18.9

15.8

14.2

0.44

EQUITY – VALUE FUNDS

Aditya Birla Sun Life Value Fund

133.0

6530

1.6

0.9

5.6

18.3

14.8

12.9

0.37

HYBRID – CONSERVATIVE HYBRID FUNDS

Axis Conservative Hybrid Fund

30.4

218

1.9

0.9

1.4

6.2

5.6

6.5

0.24

EQUITY – FLEXI CAP FUNDS

Axis Flexi Cap Fund

27.3

12625

1.5

0.6

1.8

13.7

9.9

–

0.24

HYBRID – BALANCED ADVANTAGE FUNDS

Bandhan Balanced Advantage Fund

25.0

2196

1.7

0.6

3.6

9.7

8.0

8.8

0.27

HYBRID – BALANCED ADVANTAGE FUNDS

Bank of India Balanced Advantage Fund

26.0

156

2.1

1.1

4.2

10.1

10.2

7.3

0.39

EQUITY – SECTOR – BANKING FUNDS

Baroda BNP Paribas Bank&Fin Serv

48.8

395

2.1

0.7

0.9

14.5

11.7

12.3

0.27

HYBRID – CONSERVATIVE HYBRID FUNDS

Baroda BNP Paribas Conser Hybrid

46.3

936

1.7

0.4

3.4

7.6

6.5

7.1

0.37

EQUITY – LARGE CAP FUNDS

DSP Large Cap Fund

459.2

7175

1.5

0.7

-3.7

13.7

10.7

11.5

0.32

EQUITY – TAX SAVING (ELSS) FUNDS

Edelweiss Long Term Equity

113.2

436

2.1

0.7

2.0

14.1

12.2

12.6

0.34

HYBRID – EQUITY SAVINGS FUNDS

Franklin India Equity Savings Fund

16.9

620

1.0

0.3

3.4

7.4

6.8

–

0.37

EQUITY – LARGE & MID CAP FUNDS

Franklin India Large & Mid Cap Fund

187.1

3392

1.7

1.1

-3.9

13.8

10.7

11.6

0.30

EQUITY – MID CAP FUNDS

Franklin India Mid Cap Fund

2754.0

12231

1.5

0.8

-0.7

18.3

14.7

14.5

0.39

EQUITY – SMALL CAP FUNDS

Franklin India Small Cap Fund

176.4

13847

1.5

0.8

1.5

17.0

18.2

15.4

0.44

HYBRID – AGGRESSIVE HYBRID FUNDS

HSBC Aggressive Hybrid Fund

58.2

5505

1.6

0.7

5.3

13.9

11.1

11.3

0.30

EQUITY – TAX SAVING (ELSS) FUNDS

HSBC ELSS Tax saver Fund

139.3

3985

1.6

1.0

3.0

17.4

13.7

13.8

0.36

EQUITY – LARGE CAP FUNDS

HSBC Large Cap Fund

471.9

1758

1.8

1.0

-0.1

11.9

10.0

12.3

0.25

EQUITY – SMALL CAP FUNDS

HSBC Small Cap Fund

86.5

16877

1.4

0.6

4.0

16.9

18.6

18.8

0.43

HYBRID – EQUITY SAVINGS FUNDS

ICICI Prudential Equity Savings Fund

23.1

16733

0.8

0.4

2.8

7.3

7.2

7.9

0.82

HYBRID – AGGRESSIVE HYBRID FUNDS

Invesco India Aggressive Hybrid Fund

21.3

760

2.0

0.7

-6.4

11.8

9.6

–

0.28

EQUITY – TAX SAVING (ELSS) FUNDS

Invesco India ELSS Tax Saver Fund

122.0

2536

1.7

0.8

-3.8

13.2

10.4

13.2

0.24

EQUITY – LARGE & MID CAP FUNDS

LIC MF Large & Midcap Fund

38.6

2983

1.7

0.6

-1.8

15.6

12.6

14.8

0.35

EQUITY – LARGE CAP FUNDS

LIC MF Large Cap Fund

53.3

1330

1.8

0.9

-5.6

8.9

7.6

10.5

0.18

EQUITY – FLEXI CAP FUNDS

Motilal Oswal Flexi Cap Fund

58.0

12937

1.5

0.7

-7.1

18.0

11.5

12.5

0.30

HYBRID – AGGRESSIVE HYBRID FUNDS

Navi Aggressive Hybrid Fund

21.7

111

2.1

0.5

6.2

12.0

10.7

–

0.36

EQUITY – FLEXI CAP FUNDS

Navi Flexi Cap Fund

24.7

266

2.1

0.5

9.2

12.7

11.6

–

0.31

HYBRID – AGGRESSIVE HYBRID FUNDS

Nippon India Aggressive Hybrid Fund

106.2

3937

1.6

0.9

1.8

12.6

11.4

10.0

0.40

EQUITY – TAX SAVING (ELSS) FUNDS

Nippon India ELSS Tax Saver Fund

131.2

14700

1.5

0.9

2.2

15.8

14.0

11.4

0.41

EQUITY – TAX SAVING (ELSS) FUNDS

PGIM India ELSS Tax Saver Fund

34.0

689

2.4

0.9

-3.1

9.1

10.2

12.8

0.27

EQUITY – SMALL CAP FUNDS

SBI Small Cap Fund

176.8

37395

1.3

0.6

2.4

13.3

14.2

18.4

0.38

HYBRID – BALANCED ADVANTAGE FUNDS

Sundaram Balanced Advantage Fund

35.0

1642

2.1

0.7

-0.8

8.8

7.7

7.5

0.27

EQUITY – THEMATIC – CONSUMPTION FUNDS

Sundaram Consumption Fund

90.1

1388

2.1

1.3

-8.0

10.5

11.0

11.7

0.28

EQUITY – LARGE & MID CAP FUNDS

Sundaram Large and Mid Cap Fund

88.9

6690

1.8

0.8

5.0

15.2

13.4

14.7

0.36

EQUITY – SECTOR – PHARMA FUNDS

Tata India Pharma & Healthcare Fund

32.0

1387

1.8

0.7

7.7

21.7

13.7

13.4

0.43

EQUITY – LARGE & MID CAP FUNDS

Tata Large & Mid Cap Fund

499.0

7789

1.5

0.6

-5.5

9.3

10.6

12.7

0.29

EQUITY – VALUE FUNDS

Tata Value Fund

344.4

8346

1.5

0.7

-1.3

14.8

14.3

14.4

0.43

EQUITY – MID CAP FUNDS

Taurus Mid Cap Fund

117.9

125

2.1

1.7

-3.9

11.6

14.7

0.29

HYBRID – EQUITY SAVINGS FUNDS

Union Equity Savings Fund

17.3

141

1.7

1.3

3.2

7.4

6.3

–

0.27

EQUITY – LARGE CAP FUNDS

Union Largecap Fund

23.1

436

2.1

1.3

-2.2

10.0

9.1

–

0.24

EQUITY – SECTOR – BANKING FUNDS

UTI Banking and Financial Services Fund

197.0

1340

2.1

1.1

2.5

14.2

12.1

11.4

0.28

EQUITY – TAX SAVING (ELSS) FUNDS

UTI ELSS Tax Saver Fund

200.8

3400

2.0

1.1

-3.7

10.6

9.2

12.0

0.23

EQUITY – FLEXI CAP FUNDS

UTI Flexi Cap Fund

308.6

22248

1.6

1.0

-5.6

8.1

6.0

11.7

0.11

EQUITY – THEMATIC – CONSUMPTION FUNDS

UTI India Consumer Fund

56.1

664

2.6

1.8

-2.8

10.7

10.0

11.2

0.24

EQUITY – MID CAP FUNDS

UTI Mid Cap Fund

306.4

11871

1.7

0.9

0.7

14.3

13.4

14.2

0.36

EQUITY – TAX SAVING (ELSS) FUNDS

Aditya Birla Sun Life ELSS Tax Saver Fund

61.2

14249

1.5

0.8

1.1

13.5

8.8

10.8

0.22

EQUITY – LARGE & MID CAP FUNDS

Aditya Birla Sun Life Large & Mid Cap Fund

927.7

5666

1.6

0.9

2.3

13.3

9.2

11.8

0.21

EQUITY – SMALL CAP FUNDS

Aditya Birla Sun Life Small Cap Fund

94.3

5453

1.6

0.8

8.8

17.4

13.8

13.3

0.33

HYBRID – AGGRESSIVE HYBRID FUNDS

Axis Aggressive Hybrid Fund

20.5

1429

1.8

0.9

0.0

9.6

7.8

–

0.21

EQUITY – TAX SAVING (ELSS) FUNDS

Axis ELSS Tax Saver Fund

95.3

31023

1.3

0.7

-1.6

10.9

7.4

12.0

0.14

EQUITY – LARGE CAP FUNDS

Axis Large Cap Fund

59.3

30005

1.3

0.6

-2.5

10.0

7.1

12.0

0.14

HYBRID – CONSERVATIVE HYBRID FUNDS

Bandhan Conservative Hybrid Fund

32.7

1.7

0.8

2.1

6.6

5.3

6.4

0.19

HYBRID – EQUITY SAVINGS FUNDS

Bandhan Equity Savings Fund

32.2

390

0.9

0.2

3.7

6.9

6.2

6.4

0.45

EQUITY – MID CAP FUNDS

DSP Midcap Fund

153.2

19673

1.4

0.6

4.8

18.5

12.3

14.7

0.32

EQUITY – LARGE CAP FUNDS

Groww Largecap Fund

42.8

129

2.4

1.1

-0.3

11.8

10.0

11.2

0.26

EQUITY – MID CAP FUNDS

HSBC Midcap Fund

455.6

14249

1.5

0.6

16.7

26.6

19.1

17.7

0.48

HYBRID – AGGRESSIVE HYBRID FUNDS

LIC MF Aggressive Hybrid Fund

196.9

512

2.1

1.1

-0.9

11.1

8.6

9.4

0.26

EQUITY – SECTOR – BANKING FUNDS

LIC MF Banking & Financial Services Fund

21.5

256

2.1

1.0

1.6

8.8

10.2

9.5

0.23

EQUITY – TAX SAVING (ELSS) FUNDS

LIC MF ELSS Tax Saver

147.1

978

1.9

0.9

-4.4

10.8

10.3

12.1

0.27

EQUITY – FLEXI CAP FUNDS

LIC MF Flexi Cap Fund

102.3

997

1.9

1.0

6.1

13.0

10.5

0.26

EQUITY – MID CAP FUNDS

LIC MF Midcap Fund

30.2

357

2.1

1.1

2.1

18.6

14.1

–

0.36

EQUITY – SMALL CAP FUNDS

LIC MF Small Cap Fund

33.3

695

2.0

0.9

10.2

18.2

18.4

–

0.43

EQUITY – VALUE FUNDS

LIC MF Value Fund

27.6

218

2.1

0.8

15.7

18.1

14.0

–

0.34

EQUITY – THEMATIC – CONSUMPTION FUNDS

Mahindra Manulife Consumption Fund

21.4

492

2.1

0.6

-4.2

9.9

10.4

–

0.27

HYBRID – BALANCED ADVANTAGE FUNDS

Motilal Oswal Balanced Advantage Fund

18.5

736

2.0

1.0

-3.7

4.4

4.2

–

0.07

EQUITY – LARGE & MID CAP FUNDS

Navi Large & Midcap Fund

36.3

303

2.1

0.5

2.2

11.0

11.5

12.9

0.31

HYBRID – CONSERVATIVE HYBRID FUNDS

Nippon India Conservative Hybrid Fund

61.4

956

1.5

0.9

6.5

8.1

7.9

5.7

0.97

HYBRID – EQUITY SAVINGS FUNDS

Nippon India Equity Savings Fund

16.4

842

1.3

0.4

2.9

6.8

6.6

4.7

0.36

HYBRID – AGGRESSIVE HYBRID FUNDS

PGIM India Aggressive Hybrid Equity Fund

128.8

202

2.4

0.8

-0.8

8.8

7.1

8.8

0.18

EQUITY – LARGE CAP FUNDS

PGIM India Large Cap Fund

329.2

535

2.5

0.9

-3.8

8.1

7.1

10.2

0.16

EQUITY – VALUE FUNDS

Quantum Value Fund

118.3

1111

2.1

1.1

-6.2

12.4

10.4

11.0

0.32

EQUITY – FLEXI CAP FUNDS

Shriram Flexi Cap Fund

19.8

129

2.1

0.7

-2.0

9.1

8.2

–

0.17

EQUITY – DIVIDEND YIELD FUNDS

Sundaram Dividend Yield Fund

130.3

830

2.3

1.1

-3.3

12.0

10.7

14.2

0.35

EQUITY – SECTOR – IT FUNDS

Tata Digital India Fund

38.3

9660

1.5

0.5

-22.0

5.4

4.9

14.0

0.14

EQUITY – FLEXI CAP FUNDS

Taurus Flexi Cap Fund

223.8

344

2.1

2.0

-1.3

13.0

10.3

9.9

0.27

EQUITY – SECTOR – PHARMA FUNDS

UTI Healthcare Fund

320.8

1217

2.2

1.2

13.7

26.0

14.8

14.0

0.45

HYBRID – BALANCED ADVANTAGE FUNDS

UTI-Unit Linked Insurance Plan

42.0

4924

1.6

1.0

-0.4

7.5

6.6

7.5

0.23

HYBRID – CONSERVATIVE HYBRID FUNDS

Bank of India Conservative Hybrid Fund

–

35.1

1.8

0.9

2.4

6.7

9.7

7.1

0.80

EQUITY – MULTI CAP FUNDS

Baroda BNP Paribas Multi Cap Fund

–

289.7

3282

1.7

0.8

2.1

15.9

14.9

14.4

0.40

EQUITY – SMALL CAP FUNDS

Canara Robeco Small Cap Fund

–

39.6

13364

1.5

0.5

1.0

14.1

16.4

–

0.42

EQUITY – SMALL CAP FUNDS

Edelweiss Small Cap Fund

–

46.0

6156

1.6

0.4

4.2

17.7

17.4

–

0.46

HYBRID – AGGRESSIVE HYBRID FUNDS

Groww Aggressive Hybrid Fund

–

20.4

2.1

1.3

-1.8

9.4

8.5

–

0.24

EQUITY – TAX SAVING (ELSS) FUNDS

Groww ELSS Tax Saver Fund

–

18.9

2.4

0.9

-5.5

10.5

8.8

–

0.22

EQUITY – VALUE FUNDS

Groww Value Fund

–

27.2

2.4

1.0

0.0

15.3

11.8

10.8

0.34

EQUITY – LARGE & MID CAP FUNDS

HSBC Large & Mid Cap Fund

–

29.2

5110

1.6

0.7

9.8

19.6

15.4

–

0.37

EQUITY – MULTI CAP FUNDS

ICICI Prudential Multicap Fund

–

849.7

17676

1.4

0.8

6.8

18.9

16.2

15.0

0.51

EQUITY – CONTRA FUNDS

Invesco India Contra Fund

–

132.9

19517

1.4

0.5

-2.1

16.8

13.7

15.7

0.38

HYBRID – EQUITY SAVINGS FUNDS

Invesco India Equity Savings Fund

–

16.6

324

2.1

0.8

-2.5

7.9

6.6

–

0.25

EQUITY – MULTI CAP FUNDS

Invesco India Multicap Fund

–

128.4

4079

1.6

0.6

-3.1

15.2

12.3

13.8

0.30

EQUITY – CONTRA FUNDS

Kotak Contra Fund

–

151.7

5162

1.9

0.6

1.4

17.4

14.9

16.0

0.44

HYBRID – CONSERVATIVE HYBRID FUNDS

LIC MF Conservative Hybrid Fund

–

84.0

1.9

1.0

2.6

6.1

5.4

6.2

0.23

HYBRID – EQUITY SAVINGS FUNDS

LIC MF Equity Savings Fund

–

28.0

2.0

1.1

1.0

8.7

6.9

6.7

0.30

EQUITY – SECTOR – PHARMA FUNDS

LIC MF Healthcare Fund

–

31.4

2.1

1.0

10.0

22.0

10.9

–

0.31

EQUITY – LARGE CAP FUNDS

Mahindra Manulife Large Cap Fund

–

22.1

687

2.0

0.6

-5.4

10.4

9.0

–

0.23

EQUITY – MULTI CAP FUNDS

Mahindra Manulife Multi Cap Fund

–

37.7

6643

1.6

0.4

6.3

18.8

16.0

–

0.43

EQUITY – MULTI CAP FUNDS

Nippon India Multi Cap Fund

–

302.3

53411

1.2

0.6

0.8

17.6

19.3

15.9

0.59

HYBRID – EQUITY SAVINGS FUNDS

PGIM India Equity Savings Fund

–

50.6

1.3

0.6

2.9

6.2

5.9

6.8

0.38

EQUITY – FLEXI CAP FUNDS

Quant Flexi Cap Fund

–

109.3

6994

1.6

0.6

12.3

19.1

15.9

19.8

0.44

EQUITY – MULTI CAP FUNDS

Quant Multi Cap Fund

–

659.0

7664

1.5

0.6

4.3

13.1

12.8

17.7

0.31

EQUITY – CONTRA FUNDS

SBI Contra Fund

–

372.9

47263

1.3

0.6

-2.9

14.3

16.7

15.6

0.57

HYBRID – AGGRESSIVE HYBRID FUNDS

Shriram Aggressive Hybrid Fund

–

31.7

2.1

0.6

0.9

10.0

8.1

9.4

0.23

EQUITY – TAX SAVING (ELSS) FUNDS

Shriram ELSS Tax Saver Fund

–

20.7

2.1

0.6

-1.7

8.9

8.2

–

0.17

HYBRID – CONSERVATIVE HYBRID FUNDS

Sundaram Conservative Hybrid Fund

–

29.3

1.9

1.1

-1.0

5.2

6.2

6.1

0.38

EQUITY – MULTI CAP FUNDS

Sundaram Multi Cap Fund

–

381.4

2807

2.0

0.9

0.7

14.8

13.5

14.9

0.37

EQUITY – VALUE FUNDS

Sundaram Value Fund

–

213.1

1284

2.2

1.7

-3.4

9.7

10.1

11.0

0.28

HYBRID – BALANCED ADVANTAGE FUNDS

Tata Balanced Advantage Fund

–

21.0

8770

1.5

0.5

2.7

9.4

8.9

–

0.40

EQUITY – SECTOR – BANKING FUNDS

Taurus Banking & Financial Services Fund

–

54.1

2.1

1.4

-0.6

10.6

12.9

0.24

EQUITY – TAX SAVING (ELSS) FUNDS

Taurus ELSS Tax Saver Fund

–

176.4

2.1

1.5

-5.8

11.8

10.8

12.8

0.32

EQUITY – LARGE CAP FUNDS

Taurus Large Cap Fund

–

155.6

2.1

1.9

-0.9

13.0

10.1

0.26

Source link

Bond traders stunned as losses on SpaceX’s new debt keeps growing

by Hansraj Agrawal | Jun 27, 2026 | Share Market

SpaceX’s blockbuster bond sale is weakening so quickly in the secondary market that traders say they can’t recall another recent deal that widened this sharply.

One large dealer was quoting SpaceX bonds maturing in 2056 on Friday at levels as much as 0.32 percentage point wider than the issue price of 1.75 percentage points above Treasuries, according to people with knowledge of the matter, who asked not to be identified discussing private activity in the over-the-counter market.

Paper losses on SpaceX’s $25 billion offering have mounted since the debt began trading and totaled roughly $305 million as of late Thursday relative to Treasuries.

The longest-dated SpaceX bonds, which drew more skepticism than those with shorter maturities, have effectively erased all the tightening from underwriters that followed as orders swelled to nearly $90 billion.

Traders say the moves suggest fast-money accounts, rather than traditional buy-and-hold investors, piled into the deal looking to flip it for a quick profit. The selling pressure stands out even more because SpaceX shares have been largely stable since the bonds priced on Tuesday, after lurching 16 per cent lower the day before.

Even if there are more technical reasons behind the selling — hedge funds covering or hedging short positions, for example — the virtually unprecedented magnitude points to SpaceX’s unique profile. The company, which at its peak this month had a $2.64 trillion market value, won investment grades despite expectations for years of negative cash flow and a dependence on Elon Musk that Fitch Ratings deemed a “key rating constraint.”

“We expected SpaceX to widen from issuance level, but not this much,” said Tony Trzcinka, a portfolio manager at Impax Asset Management. “That magnitude is likely a perfect storm of the stock shedding $600 billion+ since launch, weak technicals from the upsized supply, and investors still scratching their heads over how to price its unique risk profile.”

It’s a rare move compared with how other recent mega bond sales have traded in the secondary market. Take Nvidia Corp., which raised $25 billion in a seven-part high-grade offering this month.

The spreads on its 5.55 per cent bonds maturing in 2046 have widened by 11 basis points since issuance, while the spreads on its 5.625 per cent bonds maturing in 2056 are 12 basis points wider.

Meanwhile, risk premiums on Alphabet Inc.’s longer-dated bonds issued in February have broadly tightened. Higher spreads typically signal that investors see a slightly higher chance of a company struggling to meet its obligations. After weakening, SpaceX’s credit curve is now trading more in line with those of similarly rated Oracle Corp., whose longer-dated bonds also widened soon after they were first sold.

Bondholders have been inundated with mega bond sales this year as tech giants race to raise billions of dollars to finance artificial intelligence projects. US high-grade supply of $180 billion as of Wednesday has set a new June record, surpassing 2020’s $169 billion haul. That borrowing spree is starting to weigh on corporate bond spreads, pushing average high-grade risk premiums out of a historically tight range.

Tech stocks dragged global indexes lower Friday following renewed selling in chipmakers, while a report that OpenAI could postpone plans to go public also weighed on sentiment. Two of China’s best-known hedge fund managers are warning that the artificial intelligence boom in global stock markets has become an unsustainable bubble.

Demand for the SpaceX bond sale was strongest for the five-year notes, which let the company cut borrowing costs more on that portion of the deal than on the longer maturities. Interest was weaker in the 20-year and 30-year bonds, which saw the biggest drop-off in demand.

SpaceX’s long-dated bonds are widening despite “some initial excitement and demand,” with bondholders “seemingly concluding that there may be plenty more debt issuance to come, as the loss-making company finances its future path to profitability,” Mark Dowding, chief investment officer for fixed income at RBC BlueBay Asset Management, wrote in a note.

A representative for SpaceX didn’t immediately respond to a request for comment, and the banks that managed the bond sale didn’t provide comment on SpaceX trading levels.

Credit-default swaps tied to SpaceX bonds began trading actively this week, Bloomberg reported on Thursday, allowing investors to hedge against potential losses or speculate on the firm’s creditworthiness. That creates more two-sided activity, or more ways to take exposure, which could boost trading in the bonds.

More stories like this are available on bloomberg.com

Published on June 27, 2026

Source link

Likhitha Infrastructure secures Rs 510 crore pipeline contract

by Hansraj Agrawal | Jun 27, 2026 | Share Market

Last Updated : Jun 27 2026 | 5:04 PM IST

Likhitha Infrastructure announced that it has received an order worth approximately Rs 510 crore ($5,40,00,000) from China Petroleum Engineering and Construction Corporation-Abu Dhabi.

The contract involves the construction of Pipeline Package-1 (ASAB) and is scheduled to be executed within 21 months, as per the terms of the Letter of Acceptance (LoA).

The company clarified that the contract is not a related-party transaction and that neither its promoters nor promoter group entities have any interest in the deal.

Likhitha Infrastructure is engaged in the business of laying gas supply pipelines and irrigation canals, building bridges over the canals and related maintenance works.

On the financial front, the company’s consolidated net profit declined 73.91% year-on-year to Rs 4.59 crore in the quarter ended March 2026 (Q4 FY26), compared with Rs 17.59 crore in the corresponding quarter last year. Revenue from operations fell 10.93% to Rs 120.69 crore in Q4 FY26 from Rs 135.50 crore in Q4 FY25.

The counter slipped 1.19% to Rs 256.75 on the BSE.

Powered by Capital Market – Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Jun 27 2026 | 5:04 PM IST

Source link

« Older Entries

Times Top News

Times Top News

Recent Posts

Recent Comments