Volumes spurt at PTC Industries Ltd counter

Blending Credit Bets with Equity Flexibility

by Hansraj Agrawal | May 30, 2026 | Share Market

Conservative hybrid funds are aimed at investors seeking relatively-lower volatility than equity-heavy funds, while retaining limited equity exposure for potential upside.

In line with regulatory mandate, these schemes invest predominantly in debt, with a smaller equity allocation. They may be less volatile than pure equity funds while potentially offering returns higher than traditional fixed-income avenues.

The category may appeal to cautious investors and savers with medium-term goals of three-five years who are unwilling to take sharp equity-market swings.

Within the category, SBI Conservative Hybrid Fund follows a relatively higher-yielding debt strategy than many of its peers.

Unlike most peers that largely stick to high-quality sovereign and AAA-rated papers, the fund tactically combines active duration calls with a meaningful allocation to AA-rated debt instruments. This can increase the interest income earned by the portfolio (accrual income), but it also exposes investors to greater credit risk if an issuer’s ability to repay weakens.

The fund has generally maintained close to 25 per cent in equity and 75 per cent in debt across market cycles.

Active duration

On the debt side, the fund seeks returns through a mix of interest-rate calls and higher interest income from selected corporate bonds. The fund generally keeps its Macaulay duration, a measure of the average time taken to receive bond cash flows, within a two-five-year range. It is currently near the shorter end, at around 2.4 years.

The fund has reduced duration over the past year because yields in the segments it had favoured have already eased, reducing the potential benefit from holding longer-duration bonds. It is, therefore, holding shorter-duration bonds and relying more on regular interest income from its debt investments.

High-yield opportunity

A key source of additional yield is the fund’s exposure to corporate bonds rated below AAA. These currently make up about 35 per cent of the portfolio and may rise to 45 per cent when the manager sees opportunities. The strategy seeks to earn the extra yield offered by corporate bonds over government securities, in return for taking higher issuer risk.

Of the total portfolio, about 10 per cent is in AA+ rated bonds, 17 per cent in AA-rated bonds and 8 per cent in AA- and lower-rated papers. A few names in the AA and below segments include GMR Airports, Avanse Financial Services, Infopark Properties, JTPM Metal Traders and Aditya Birla Renewables. According to the latest portfolio, AAA-rated bonds accounted for 24 per cent of assets, while government securities accounted for 7 per cent.

Within government securities, the fund’s duration is around four years, compared with roughly seven years for its benchmark. This reflects the manager’s view that longer-maturity government bonds offer limited scope for meaningful outperformance.

The other funds in the category that hold material non-AAA exposure include Nippon India Conservative Hybrid (54 per cent as of April 2026) and ICICI Pru Regular Savings (42 per cent).

Flexi-cap equity strategy

The equity portfolio is measured against the BSE 500. It typically holds around 40 stocks and can invest across large-, mid- and small-cap companies. The fund’s equity strategy aims to identify stocks with strong earnings potential, robust financials, high governance standards and sound ESG profiles.

The fund’s large-cap exposure can range between 30 per cent and 100 per cent of the equity portion, mid-cap exposure between 0 and 70 per cent, and small-cap exposure between 0 and 50 per cent. On an average, over the past five years, the fund has allocated around 10 per cent of its total assets to large-caps, 6 per cent to mid-caps and 8 per cent to small-caps.

Currently, the equity portfolio has a strong small-cap tilt, with exposure close to the fund’s stated upper limit of 50 per cent of its equity portion.

According to the manager, recent corrections have created stock-specific opportunities in small-caps after sharp declines in several companies. Large-cap exposure remains near the lower end of the fund’s mandated range at around 32 per cent of the equity portion, while mid-caps account for the remaining portion. As of April 2026, the large-, mid-, and small-cap allocations stood at 8 per cent, 4 per cent, and 12 per cent of the total assets, respectively.

The equity allocation is currently fully invested, with the fund maintaining close to the maximum permissible 25 per cent equity exposure and negligible cash holdings on the equity side.

Performance

Across five-year rolling periods observed during the past seven years, the fund delivered an average annualised return of 11 per cent, against 9 per cent for the category.

Across these five-year rolling periods, annualised returns ranged from 8.6 per cent to 13.4 per cent.

Across three-year rolling periods, the fund delivered an average annualised return of 10.5 per cent, against the category average of 8.8 per cent.

As of April 2026, the debt portfolio’s yield to maturity, an indicative yield assuming securities are held to maturity and repayments occur as scheduled, was 8 per cent, against the category average of 7.4 per cent.

The expense ratio for the regular plan is 1.5 per cent, slightly below the category average of 1.6 per cent. However, its direct plan expense ratio is 1.07 per cent, above the category average of 0.84 per cent.

Given its sizeable exposure to lower-rated debt and its small-cap tilt within equities, the fund may suit investors willing to accept moderate credit and equity risk, with an investment horizon of at least five years.

Published on May 30, 2026

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Mutual Funds returns

by Hansraj Agrawal | May 30, 2026 | Share Market

EQUITY – LARGE & MID CAP FUNDS

Bandhan Large & Mid Cap Fund

137.9

16672

1.4

0.4

5.7

21.8

17.7

15.9

0.57

HYBRID – BALANCED ADVANTAGE FUNDS

Baroda BNP Paribas Balanced Advantage Fund

25.3

4756

1.6

0.6

5.5

13.2

11.4

–

0.44

HYBRID – AGGRESSIVE HYBRID FUNDS

BOI AXA Mid & Small Cap Eq&Debt

40.5

1482

1.8

0.7

6.5

19.8

16.5

–

0.47

EQUITY – LARGE CAP FUNDS

Canara Robeco Large Cap Fund

59.2

16542

1.4

0.5

-4.9

10.7

10.0

13.2

0.32

EQUITY – TAX SAVING (ELSS) FUNDS

DSP ELSS Tax Saver Fund

134.5

16337

1.4

0.6

-3.2

16.0

13.6

15.0

0.44

HYBRID – EQUITY SAVINGS FUNDS

Edelweiss Equity Savings Fund

26.4

1313

2.1

1.2

6.4

10.6

9.0

0.71

EQUITY – MID CAP FUNDS

Edelweiss Mid Cap Fund

105.5

15911

1.8

0.6

7.6

23.9

20.0

18.7

0.57

HYBRID – BALANCED ADVANTAGE FUNDS

HDFC Balanced Advantage Fund

507.5

105378

1.3

0.7

-1.6

14.3

14.9

14.5

0.72

EQUITY – FLEXI CAP FUNDS

HDFC Flexi Cap Fund

1939.1

100479

1.3

0.7

-0.7

17.5

17.4

15.9

0.63

EQUITY – LARGE & MID CAP FUNDS

HDFC Large and Mid Cap Fund

332.8

28255

1.6

0.8

0.2

16.7

16.2

14.6

0.51

EQUITY – MID CAP FUNDS

HDFC Mid Cap Fund

199.9

94745

1.3

0.7

6.0

22.4

20.4

18.0

0.65

EQUITY – VALUE FUNDS

HSBC Value Fund

111.0

14873

1.7

0.7

3.4

20.4

17.7

16.2

0.54

EQUITY – DIVIDEND YIELD FUNDS

ICICI Prudential Dividend Yield Equity Fund

52.3

6458

1.8

0.6

1.3

19.2

19.1

16.0

0.71

HYBRID – AGGRESSIVE HYBRID FUNDS

ICICI Prudential Equity & Debt Fund

394.6

50368

1.5

1.0

2.0

16.2

16.6

15.5

0.76

EQUITY – LARGE & MID CAP FUNDS

ICICI Prudential Large & Mid Cap Fund

995.8

29757

2.0

1.2

0.3

17.9

17.8

15.6

0.63

EQUITY – LARGE CAP FUNDS

ICICI Prudential Large Cap Fund

105.5

75650

1.7

1.2

-3.1

13.8

13.3

13.7

0.46

EQUITY – SECTOR – PHARMA FUNDS

ICICI Prudential P.H.D Fund

41.4

6669

2.4

1.6

6.9

27.8

15.9

–

0.56

HYBRID – CONSERVATIVE HYBRID FUNDS

ICICI Prudential Regular Savings Fund

77.8

3289

1.7

1.0

3.5

9.2

8.4

9.2

0.85

EQUITY – VALUE FUNDS

ICICI Prudential Value Fund

454.6

59588

1.6

1.2

-2.0

16.3

16.7

14.8

0.66

EQUITY – FLEXI CAP FUNDS

JM Flexicap Fund

93.9

5041

2.6

1.4

-3.0

17.1

16.4

16.2

0.49

HYBRID – CONSERVATIVE HYBRID FUNDS

Kotak Debt Hybrid Fund

58.3

2902

1.7

0.5

-0.7

8.0

7.8

8.8

0.59

EQUITY – THEMATIC – CONSUMPTION FUNDS

Nippon India Consumption Fund

180.6

2443

2.0

0.7

-7.3

10.8

13.7

12.6

0.44

EQUITY – LARGE CAP FUNDS

Nippon India Large Cap Fund

87.7

51690

3.5

2.8

-1.8

14.1

15.3

14.4

0.52

EQUITY – SMALL CAP FUNDS

Nippon India Small Cap Fund

173.3

72673

1.4

0.7

4.8

19.7

20.9

0.56

EQUITY – FLEXI CAP FUNDS

Parag Parikh Flexi Cap Fund

82.2

140950

1.1

0.5

-0.5

14.8

14.6

16.9

0.57

HYBRID – AGGRESSIVE HYBRID FUNDS

Quant Aggressive Hybrid Fund

463.3

2024

2.1

0.8

11.1

15.4

14.2

15.8

0.46

EQUITY – TAX SAVING (ELSS) FUNDS

Quant ELSS Tax Saver Fund

398.7

12506

1.8

0.8

11.5

18.2

16.3

19.6

0.42

EQUITY – MID CAP FUNDS

Quant Mid Cap Fund

219.7

7905

2.9

1.8

0.2

17.8

16.9

0.47

EQUITY – SMALL CAP FUNDS

Quant Small Cap Fund

267.6

30374

2.0

1.1

6.6

20.8

20.5

19.3

0.49

EQUITY – TAX SAVING (ELSS) FUNDS

SBI ELSS Tax Saver Fund

424.7

31094

1.6

1.0

-2.0

18.8

16.9

14.5

0.56

EQUITY – SECTOR – IT FUNDS

SBI Technology Opportunities Fund

186.8

4240

1.9

0.9

-12.2

9.2

10.0

14.8

0.27

HYBRID – EQUITY SAVINGS FUNDS

Sundaram Equity Savings Fund

69.8

1079

2.2

0.8

-0.3

9.2

9.0

9.1

0.53

EQUITY – SECTOR – BANKING FUNDS

Sundaram Financial Services Opportunities

103.0

1613

2.1

0.8

-0.8

13.7

13.1

14.1

0.38

HYBRID – BALANCED ADVANTAGE FUNDS

Aditya Birla SL Bal Advantage

108.7

9182

1.5

0.6

3.4

11.4

9.7

10.8

0.49

EQUITY – LARGE & MID CAP FUNDS

Axis Large & Mid Cap Fund

33.2

15582

2.0

0.9

4.4

15.7

14.0

–

0.39

EQUITY – SMALL CAP FUNDS

AXIS Small Cap Fund

106.7

27364

1.7

0.7

3.0

16.2

16.8

18.2

0.51

EQUITY – TAX SAVING (ELSS) FUNDS

Bandhan ELSS Tax Saver Fund

149.5

6835

1.6

0.6

-0.4

11.9

12.5

14.7

0.40

EQUITY – VALUE FUNDS

Bandhan Value Fund

143.3

9907

1.5

0.6

-2.0

13.0

14.6

15.4

0.47

EQUITY – TAX SAVING (ELSS) FUNDS

Bank of India ELSS Tax Saver

160.7

1403

1.8

0.8

0.7

15.4

13.5

16.0

0.37

EQUITY – SMALL CAP FUNDS

Bank of India Small Cap Fund

51.2

2168

1.7

0.5

11.6

21.9

19.4

–

0.47

HYBRID – AGGRESSIVE HYBRID FUNDS

Baroda BNP Paribas Aggressive Hybrid Fund

27.6

1239

1.9

0.5

-0.7

12.2

10.3

–

0.38

EQUITY – THEMATIC – CONSUMPTION FUNDS

Baroda BNP Paribas India Consumption Fund

29.0

1419

1.8

0.6

-5.6

10.4

11.4

–

0.34

EQUITY – THEMATIC – CONSUMPTION FUNDS

Canara Robeco Consumption Fund

101.9

1901

1.8

0.7

-5.7

11.1

12.1

14.9

0.36

EQUITY – TAX SAVING (ELSS) FUNDS

Canara Robeco ELSS Tax Saver

172.5

8529

1.5

0.6

-0.7

12.5

11.5

14.5

0.37

EQUITY – SECTOR – PHARMA FUNDS

DSP Healthcare Fund

40.8

3142

1.7

0.5

7.5

22.6

14.4

–

0.44

HYBRID – AGGRESSIVE HYBRID FUNDS

Edelweiss Aggressive Hybrid Fund

63.2

3627

1.9

0.5

1.2

14.1

13.4

12.5

0.56

HYBRID – BALANCED ADVANTAGE FUNDS

Edelweiss Balanced Advantage Fund

51.5

12906

2.1

1.0

2.6

10.7

9.5

10.8

0.42

EQUITY – FLEXI CAP FUNDS

Edelweiss Flexi Cap Fund

37.6

3320

1.9

0.5

1.4

15.4

13.7

14.6

0.42

EQUITY – DIVIDEND YIELD FUNDS

Franklin India Dividend Yield Fund

136.9

2306

1.7

1.1

-0.8

14.5

14.9

15.3

0.59

EQUITY – FLEXI CAP FUNDS

Franklin India Flexi Cap Fund

1549.1

19049

1.4

0.8

-4.7

14.6

13.6

13.0

0.43

EQUITY – TAX SAVING (ELSS) FUNDS

HDFC ELSS Tax saver

1320.3

15559

1.7

1.1

-5.1

15.9

16.4

13.7

0.59

HYBRID – EQUITY SAVINGS FUNDS

HDFC Equity Savings Fund

66.3

5718

1.9

0.9

1.3

8.5

8.2

9.3

0.54

HYBRID – CONSERVATIVE HYBRID FUNDS

HDFC Hybrid Debt Fund

82.1

3261

1.7

1.2

-0.6

7.8

8.0

8.4

0.66

EQUITY – LARGE CAP FUNDS

HDFC Large Cap Fund

1081.0

38121

1.5

1.0

-3.8

11.1

12.0

12.7

0.40

HYBRID – BALANCED ADVANTAGE FUNDS

ICICI Prudential Balanced Advantage Fund

75.4

70551

1.4

0.9

3.5

11.4

10.5

10.9

0.62

EQUITY – SECTOR – IT FUNDS

ICICI Prudential Technology Fund

171.0

13068

2.1

1.4

-13.6

8.1

7.7

15.1

0.20

EQUITY – SECTOR – BANKING FUNDS

Invesco India Financial Services Fund

141.5

1673

1.8

0.7

5.7

17.9

14.3

15.2

0.40

EQUITY – MID CAP FUNDS

Invesco India Midcap Fund

183.2

11767

1.5

0.5

9.0

24.7

20.1

18.3

0.55

EQUITY – SMALL CAP FUNDS

Invesco India Smallcap Fund

42.9

11038

1.5

0.4

7.0

22.9

20.0

–

0.53

HYBRID – AGGRESSIVE HYBRID FUNDS

JM Aggressive Hybrid Fund

113.8

701

2.9

1.4

-3.7

14.9

13.0

11.7

0.45

EQUITY – TAX SAVING (ELSS) FUNDS

JM ELSS Tax Saver Fund

47.9

220

2.6

1.3

2.2

16.3

14.4

15.5

0.42

EQUITY – LARGE CAP FUNDS

JM Large Cap Fund

147.6

422

2.8

1.3

-1.6

12.1

11.3

10.7

0.34

HYBRID – AGGRESSIVE HYBRID FUNDS

Kotak Aggressive Hybrid Fund

62.8

8642

1.8

0.5

3.1

13.3

12.0

12.7

0.46

HYBRID – EQUITY SAVINGS FUNDS

Kotak Equity Savings Fund

26.9

10032

1.7

0.7

4.7

10.0

9.5

9.2

0.67

EQUITY – LARGE CAP FUNDS

Kotak Large Cap Fund

547.0

10599

1.7

0.7

-3.0

11.3

10.7

12.1

0.34

EQUITY – MID CAP FUNDS

Mahindra Manulife Mid Cap Fund

35.5

4688

1.6

0.4

9.5

23.7

19.1

–

0.54

EQUITY – TAX SAVING (ELSS) FUNDS

Mirae Asset ELSS Tax Saver Fund

48.5

25267

1.4

0.6

1.8

14.3

12.3

16.6

0.38

HYBRID – EQUITY SAVINGS FUNDS

Mirae Asset Equity Savings Fund

20.7

1918

1.2

0.3

3.8

9.9

8.8

–

0.54

EQUITY – MID CAP FUNDS

Motilal Oswal Midcap Fund

92.2

35735

1.6

0.8

-8.0

18.5

22.1

16.4

0.58

EQUITY – SECTOR – BANKING FUNDS

Nippon India Banking & Financial Services

619.1

7470

2.0

1.2

-0.6

13.2

13.8

13.6

0.41

EQUITY – MID CAP FUNDS

Nippon India Growth Mid Cap Fund

4384.4

45820

1.5

0.8

8.4

23.9

21.3

18.8

0.63

EQUITY – VALUE FUNDS

Nippon India Value Fund

220.2

8919

1.8

1.1

-1.4

18.5

16.2

15.9

0.51

EQUITY – FLEXI CAP FUNDS

PGIM India Flexi Cap Fund

35.1

5793

1.9

0.6

-0.5

9.8

9.3

13.5

0.27

EQUITY – LARGE & MID CAP FUNDS

Quant Large & Mid Cap Fund

123.3

3249

2.0

0.7

6.7

19.1

16.4

16.0

0.44

HYBRID – CONSERVATIVE HYBRID FUNDS

SBI Conservative Hybrid Fund

75.3

9754

1.5

1.1

4.4

9.0

8.8

8.7

0.82

EQUITY – LARGE & MID CAP FUNDS

SBI Large & Midcap Fund

631.4

38426

1.7

1.0

5.0

15.3

14.8

14.9

0.51

EQUITY – LARGE CAP FUNDS

SBI Large Cap Fund

91.2

53468

1.5

0.8

-0.2

10.8

11.1

11.9

0.37

EQUITY – FLEXI CAP FUNDS

Union Flexi Cap Fund

49.6

2294

1.7

0.8

-1.0

12.5

11.9

12.8

0.36

HYBRID – AGGRESSIVE HYBRID FUNDS

UTI Aggressive Hybrid Fund

395.2

6524

1.9

1.2

-1.4

13.0

12.3

11.8

0.52

HYBRID – EQUITY SAVINGS FUNDS

UTI Equity Savings Fund

18.6

820

1.7

0.8

2.3

8.8

8.5

–

0.59

EQUITY – LARGE & MID CAP FUNDS

UTI Large & Mid Cap Fund

179.3

5896

1.9

1.0

2.2

18.9

15.8

14.1

0.54

EQUITY – SECTOR – BANKING FUNDS

Aditya Birla SL Bank & Fin Serv

60.0

3541

1.7

0.9

0.0

11.8

11.0

12.8

0.30

EQUITY – THEMATIC – CONSUMPTION FUNDS

Aditya Birla Sun Life Consumption Fund

196.9

5996

1.6

0.7

-6.8

9.8

11.1

13.5

0.33

EQUITY – FLEXI CAP FUNDS

Aditya Birla Sun Life Flexi Cap Fund

1847.0

25632

1.4

0.7

4.8

16.4

12.9

14.1

0.39

EQUITY – LARGE CAP FUNDS

Aditya Birla Sun Life Large Cap Fund

500.2

28970

1.4

0.8

-3.8

11.3

11.1

11.8

0.35

HYBRID – CONSERVATIVE HYBRID FUNDS

Aditya Birla Sun Life Regular Savings Fund

68.8

1479

1.5

0.8

3.5

8.2

7.9

8.3

0.66

HYBRID – BALANCED ADVANTAGE FUNDS

Axis Balanced Advantage Fund

20.9

3764

1.9

0.6

0.1

11.7

9.9

–

0.49

HYBRID – EQUITY SAVINGS FUNDS

Axis Equity Savings Fund

22.4

866

2.3

1.0

2.0

8.7

7.6

8.2

0.40

EQUITY – MID CAP FUNDS

Axis Midcap Fund

116.2

32276

1.6

0.5

5.4

17.9

15.0

17.0

0.44

HYBRID – AGGRESSIVE HYBRID FUNDS

Bandhan Aggressive Hybrid Fund

26.6

1919

1.8

0.5

5.8

14.1

12.1

–

0.43

EQUITY – FLEXI CAP FUNDS

Bandhan Flexi Cap Fund

203.2

7285

1.5

0.9

-0.7

13.4

11.4

10.9

0.36

EQUITY – LARGE CAP FUNDS

Bandhan Large Cap Fund

75.0

2007

1.8

0.8

-0.4

13.1

11.5

12.4

0.36

EQUITY – LARGE & MID CAP FUNDS

BOI Large & Mid Cap Equity Fund

89.4

468

2.1

1.0

3.1

15.6

13.3

12.7

0.41

EQUITY – TAX SAVING (ELSS) FUNDS

Baroda BNP Paribas ELSS Tax Saver Fund

96.0

887

2.0

0.9

2.8

16.6

12.6

0.37

EQUITY – LARGE CAP FUNDS

Baroda BNP Paribas Large Cap Fund

215.8

2579

1.7

0.7

-1.4

13.1

11.8

12.4

0.38

EQUITY – MID CAP FUNDS

Baroda BNP Paribas Mid Cap Fund

109.1

2389

1.7

0.5

10.0

21.1

17.2

15.9

0.51

HYBRID – CONSERVATIVE HYBRID FUNDS

Canara Robeco Conservative Hybrid Fund

96.6

864

1.5

0.6

-0.3

6.7

6.2

7.7

0.41

HYBRID – AGGRESSIVE HYBRID FUNDS

Canara Robeco Equity Hybrid Fund

356.0

11024

1.5

0.5

-0.1

11.2

10.1

12.3

0.38

EQUITY – FLEXI CAP FUNDS

Canara Robeco Flexi Cap Fund

328.3

13083

1.5

0.5

-1.4

12.0

11.1

13.9

0.35

EQUITY – LARGE & MID CAP FUNDS

Canara Robeco Large and Mid Cap Fund

241.9

24675

1.4

0.5

-4.2

13.2

12.2

15.0

0.38

HYBRID – AGGRESSIVE HYBRID FUNDS

DSP Aggressive Hybrid Fund

340.9

11582

1.5

0.6

-4.8

11.9

10.0

11.8

0.36

HYBRID – BALANCED ADVANTAGE FUNDS

DSP Dynamic Asset Allocation Fund

28.0

3661

1.6

0.6

2.1

10.4

8.1

8.7

0.43

HYBRID – EQUITY SAVINGS FUNDS

DSP Equity Savings Fund

22.0

3541

1.3

0.6

1.1

8.7

7.7

7.9

0.59

EQUITY – FLEXI CAP FUNDS

DSP Flexi Cap Fund

98.9

11769

1.5

0.6

-3.3

13.3

11.2

14.0

0.32

EQUITY – LARGE & MID CAP FUNDS

DSP Large & Mid Cap Fund

601.6

17331

1.4

0.5

-1.9

16.9

13.4

14.7

0.43

HYBRID – CONSERVATIVE HYBRID FUNDS

DSP Regular Savings Fund

59.9

179

1.0

0.5

2.2

8.8

7.3

7.1

0.56

EQUITY – SMALL CAP FUNDS

DSP Small Cap Fund

205.9

17906

1.4

0.6

7.0

19.4

18.4

16.6

0.48

EQUITY – LARGE & MID CAP FUNDS

Edelweiss Large & Mid Cap Fund

87.0

4531

1.9

0.5

2.6

15.9

14.0

14.5

0.44

EQUITY – LARGE CAP FUNDS

Edelweiss Large Cap Fund

80.5

1439

2.1

0.7

-3.0

10.9

12.3

0.34

HYBRID – AGGRESSIVE HYBRID FUNDS

Franklin India Aggressive Hybrid Fund

260.2

2306

1.7

0.8

-3.4

11.7

10.2

10.7

0.39

HYBRID – CONSERVATIVE HYBRID FUNDS

Franklin India Conservative Hybrid Fund

90.8

188

1.2

0.6

0.3

7.8

6.7

7.0

0.44

EQUITY – TAX SAVING (ELSS) FUNDS

Franklin India ELSS Tax Saver Fund

1380.0

6106

1.6

0.9

-6.0

14.1

13.1

12.3

0.41

EQUITY – LARGE CAP FUNDS

Franklin India Large Cap Fund

974.1

7236

1.5

1.0

-2.8

10.9

8.6

10.4

0.28

EQUITY – SECTOR – IT FUNDS

Franklin India Technology Fund

449.2

1648

1.8

1.0

-10.4

13.2

9.7

14.4

0.24

HYBRID – AGGRESSIVE HYBRID FUNDS

HDFC Hybrid Equity Fund

110.0

22297

1.6

1.0

-6.9

7.1

9.0

10.7

0.34

EQUITY – SMALL CAP FUNDS

HDFC Small Cap Fund

132.6

38168

1.5

0.7

-1.8

14.5

16.9

17.4

0.48

EQUITY – VALUE FUNDS

HDFC Value Fund

740.0

7324

1.8

1.0

2.3

16.9

14.8

13.9

0.47

HYBRID – BALANCED ADVANTAGE FUNDS

HSBC Balanced Advantage Fund

42.7

1506

2.1

0.8

-0.2

9.1

7.8

8.1

0.35

HYBRID – CONSERVATIVE HYBRID FUNDS

HSBC Conservative Hybrid Fund

62.5

146

2.1

1.2

1.6

8.8

7.4

0.42

HYBRID – EQUITY SAVINGS FUNDS

HSBC Equity Savings Fund

36.0

905

5.5

4.7

11.0

13.3

11.1

9.4

0.51

EQUITY – FLEXI CAP FUNDS

HSBC Flexi Cap Fund

222.7

5405

2.3

1.5

4.3

17.8

14.5

13.1

0.40

EQUITY – SECTOR – BANKING FUNDS

ICICI Pru Banking & Financial Services Fund

126.2

10589

2.2

1.4

-5.0

10.0

9.7

13.1

0.29

EQUITY – TAX SAVING (ELSS) FUNDS

ICICI Pru Long Term Equity

895.8

13911

1.7

1.1

-2.4

12.9

12.0

12.9

0.40

EQUITY – MID CAP FUNDS

ICICI Prudential Midcap Fund

337.5

7557

1.8

1.0

17.4

26.1

19.5

17.6

0.59

EQUITY – SMALL CAP FUNDS

ICICI Prudential Smallcap Fund

85.9

8741

1.8

0.8

0.5

14.3

15.9

16.1

0.52

HYBRID – BALANCED ADVANTAGE FUNDS

Invesco India Balanced Advantage Fund

51.2

1024

1.8

0.7

-3.3

9.1

8.0

9.1

0.30

EQUITY – LARGE & MID CAP FUNDS

Invesco India Large & Mid Cap Fund

100.4

9761

1.5

0.5

5.5

22.3

17.1

15.9

0.48

EQUITY – LARGE CAP FUNDS

Invesco India Largecap Fund

68.0

1722

1.8

0.7

-0.3

14.2

12.3

12.4

0.38

EQUITY – VALUE FUNDS

JM Value Fund

91.4

826

3.0

1.8

-6.3

16.4

15.6

15.7

0.45

HYBRID – BALANCED ADVANTAGE FUNDS

Kotak Balanced Advantage Fund

20.5

17184

1.7

0.6

0.2

9.4

8.7

–

0.40

EQUITY – TAX SAVING (ELSS) FUNDS

Kotak ELSS Tax Saver Fund

110.8

6112

1.8

0.7

-2.8

12.0

12.2

13.9

0.37

EQUITY – FLEXI CAP FUNDS

Kotak Flexicap Fund

83.3

54839

1.4

0.6

-0.3

13.7

12.0

13.5

0.37

EQUITY – LARGE & MID CAP FUNDS

Kotak Large & Midcap Fund

337.6

30251

1.6

0.6

1.5

15.6

14.5

15.1

0.45

EQUITY – MID CAP FUNDS

Kotak Midcap Fund

139.1

63539

1.4

0.4

7.2

20.4

17.8

17.7

0.53

EQUITY – SMALL CAP FUNDS

Kotak Small Cap Fund

253.8

17416

1.7

0.6

-1.5

13.8

13.7

16.5

0.39

EQUITY – DIVIDEND YIELD FUNDS

LIC MF Dividend Yield Fund

31.0

661

2.5

1.1

1.3

20.0

15.8

–

0.47

EQUITY – TAX SAVING (ELSS) FUNDS

Mahindra Manulife ELSS Tax Saver Fund

26.5

889

2.0

0.6

-6.0

9.8

10.7

–

0.34

HYBRID – EQUITY SAVINGS FUNDS

Mahi Manu Eq Sav Dhan San Yojana

20.9

531

2.1

0.7

3.2

9.0

7.9

–

0.42

HYBRID – AGGRESSIVE HYBRID FUNDS

Mirae Asset Aggressive Hybrid Fund

32.4

9363

1.5

0.4

2.5

11.6

10.4

12.2

0.39

EQUITY – THEMATIC – CONSUMPTION FUNDS

Mirae Asset Great Consumer Fund

87.0

4455

1.6

0.4

-3.3

11.2

13.0

14.9

0.37

EQUITY – SECTOR – PHARMA FUNDS

Mirae Asset Healthcare Fund

41.8

2939

1.7

0.5

13.6

25.4

14.5

–

0.47

EQUITY – LARGE & MID CAP FUNDS

Mirae Asset Large & Midcap Fund

150.7

42338

1.3

0.5

3.3

15.0

12.3

16.8

0.37

EQUITY – LARGE CAP FUNDS

Mirae Asset Large Cap Fund

107.7

38239

1.3

0.5

-3.0

9.6

9.5

12.5

0.29

EQUITY – TAX SAVING (ELSS) FUNDS

Motilal Oswal ELSS Tax Saver Fund

53.5

4659

2.0

0.8

4.0

22.5

18.3

16.8

0.45

HYBRID – BALANCED ADVANTAGE FUNDS

Nippon India Balanced Advantage Fund

177.3

9620

2.0

0.9

1.4

10.7

9.3

10.7

0.47

EQUITY – SECTOR – PHARMA FUNDS

Nippon India Pharma Fund

533.2

8365

2.3

1.5

5.4

22.8

12.8

14.9

0.43

EQUITY – LARGE & MID CAP FUNDS

Nippon India Vision Large & Mid Cap Fund

1456.8

7081

1.8

1.1

1.5

18.0

15.7

13.2

0.49

EQUITY – MID CAP FUNDS

PGIM India Midcap Fund

63.4

10738

2.0

0.8

1.2

12.3

12.8

15.6

0.38

EQUITY – TAX SAVING (ELSS) FUNDS

Quantum ELSS Tax Saver Fund

116.5

209

2.1

0.9

-6.1

12.4

10.8

11.2

0.38

EQUITY – SECTOR – BANKING FUNDS

SBI Banking & Financial Services Fund

42.4

10375

2.0

1.1

3.0

16.0

12.4

15.3

0.35

EQUITY – THEMATIC – CONSUMPTION FUNDS

SBI Consumption Opportunities Fund

277.9

2933

2.5

1.5

-8.9

8.4

12.8

13.6

0.41

HYBRID – AGGRESSIVE HYBRID FUNDS

SBI Equity Hybrid Fund

309.6

83353

1.3

0.7

4.4

13.6

11.4

12.3

0.47

HYBRID – EQUITY SAVINGS FUNDS

SBI Equity Savings Fund

24.3

5700

2.6

2.0

2.6

9.8

8.3

8.5

0.51

EQUITY – FLEXI CAP FUNDS

SBI Flexicap Fund

105.4

22403

2.3

1.5

-0.2

9.6

9.5

12.0

0.30

EQUITY – SECTOR – PHARMA FUNDS

SBI Healthcare Opportunities Fund

459.3

4323

1.9

0.9

9.9

24.9

15.5

12.8

0.54

EQUITY – MID CAP FUNDS

SBI Midcap Fund

234.6

23247

1.6

0.9

0.4

14.2

15.6

14.0

0.49

HYBRID – AGGRESSIVE HYBRID FUNDS

Sundaram Aggressive Hybrid Fund

155.1

8484

1.7

0.7

-3.0

10.0

9.6

11.7

0.36

EQUITY – TAX SAVING (ELSS) FUNDS

Sundaram ELSS Tax Saver Fund

483.9

1296

2.2

1.6

-3.3

11.5

13.2

0.38

EQUITY – MID CAP FUNDS

Sundaram Mid Cap Fund

1442.1

13378

1.7

0.9

7.0

23.0

19.1

15.2

0.56

EQUITY – SMALL CAP FUNDS

Sundaram Small Cap Fund

276.2

3563

1.9

0.9

10.1

19.7

17.9

15.0

0.47

HYBRID – AGGRESSIVE HYBRID FUNDS

Tata Aggressive Hybrid Fund

426.1

3865

1.6

0.8

-1.1

8.6

9.5

9.6

0.35

EQUITY – SECTOR – BANKING FUNDS

Tata Banking and Financial Services Fund

42.1

3043

1.7

0.5

-0.6

12.5

11.4

14.2

0.32

EQUITY – TAX SAVING (ELSS) FUNDS

Tata ELSS Fund

45.0

4519

1.6

0.7

3.1

14.7

13.2

13.8

0.41

EQUITY – FLEXI CAP FUNDS

Tata Flexi Cap Fund

23.3

3633

1.6

0.6

-2.4

13.0

10.7

–

0.34

EQUITY – THEMATIC – CONSUMPTION FUNDS

Tata India Consumer Fund

43.7

2591

1.7

0.7

2.1

14.7

14.3

15.9

0.41

EQUITY – LARGE CAP FUNDS

Tata Large Cap Fund

494.4

2688

1.7

0.8

-0.4

11.9

11.2

11.7

0.36

EQUITY – MID CAP FUNDS

Tata Mid Cap Fund

446.5

5604

1.6

0.6

7.6

19.3

16.7

16.3

0.50

EQUITY – SMALL CAP FUNDS

Tata Small Cap Fund

35.5

11330

1.5

0.4

-8.8

11.7

15.2

–

0.42

EQUITY – VALUE FUNDS

Templeton India Value Fund

687.8

2150

1.7

0.8

-2.8

13.3

15.2

14.0

0.52

HYBRID – BALANCED ADVANTAGE FUNDS

Union Balanced Advantage Fund

19.8

1241

1.9

0.9

-0.6

7.8

6.9

–

0.27

EQUITY – TAX SAVING (ELSS) FUNDS

Union ELSS Tax Saver Fund

62.9

841

2.0

1.2

-0.5

12.3

12.5

12.6

0.39

EQUITY – SMALL CAP FUNDS

Union Small Cap Fund

54.0

1980

1.8

0.8

17.0

20.3

18.1

16.3

0.45

EQUITY – VALUE FUNDS

Union Value Fund

27.8

373

2.1

1.1

0.9

15.6

14.2

–

0.46

HYBRID – CONSERVATIVE HYBRID FUNDS

UTI Conservative Hybrid Fund

69.2

1652

2.0

1.4

-0.5

7.7

7.9

7.7

0.59

EQUITY – DIVIDEND YIELD FUNDS

UTI Dividend Yield Fund

172.1

3750

2.4

1.9

-0.8

16.4

13.6

14.0

0.47

EQUITY – LARGE CAP FUNDS

UTI Large Cap Fund

255.8

12053

1.9

1.2

-5.5

8.8

8.6

11.2

0.26

EQUITY – VALUE FUNDS

UTI Value Fund

159.8

9433

2.1

1.5

-3.0

14.8

12.8

13.3

0.42

EQUITY – SECTOR – IT FUNDS

Aditya Birla Sun Life Digital India Fund

145.8

3799

1.6

0.8

-13.8

6.1

6.7

14.6

0.17

EQUITY – DIVIDEND YIELD FUNDS

Aditya Birla Sun Life Dividend Yield Fund

451.2

1475

1.8

1.1

2.9

16.8

15.6

13.2

0.51

HYBRID – AGGRESSIVE HYBRID FUNDS

Aditya Birla Sun Life Equity Hybrid ’95 Fund

1479.3

6999

1.5

0.9

-1.4

10.8

9.2

9.8

0.30

HYBRID – EQUITY SAVINGS FUNDS

Aditya Birla Sun Life Equity Savings Fund

22.8

1087

0.9

0.5

4.8

8.3

6.8

7.8

0.33

EQUITY – MID CAP FUNDS

Aditya Birla Sun Life Midcap Fund

805.1

6290

1.6

0.9

5.1

18.9

16.5

13.9

0.48

EQUITY – VALUE FUNDS

Aditya Birla Sun Life Value Fund

131.5

6388

1.6

0.9

6.4

18.8

14.8

12.8

0.39

HYBRID – CONSERVATIVE HYBRID FUNDS

Axis Conservative Hybrid Fund

30.0

218

2.2

1.1

-0.5

5.8

5.5

6.3

0.27

EQUITY – FLEXI CAP FUNDS

Axis Flexi Cap Fund

26.0

12546

1.7

0.6

-0.4

12.7

9.8

–

0.27

HYBRID – BALANCED ADVANTAGE FUNDS

Bandhan Balanced Advantage Fund

24.5

2209

1.7

0.6

2.4

9.3

7.9

8.6

0.30

HYBRID – BALANCED ADVANTAGE FUNDS

Bank of India Balanced Advantage Fund

25.6

153

2.1

1.1

4.2

9.7

10.1

7.2

0.42

HYBRID – CONSERVATIVE HYBRID FUNDS

Baroda BNP Paribas Conser Hybrid

45.7

811

1.8

0.5

2.1

7.5

6.3

7.0

0.39

EQUITY – SECTOR – BANKING FUNDS

Baroda BNP Paribas Bank&Fin Serv

46.8

389

2.1

0.7

-1.2

13.1

10.9

11.9

0.29

EQUITY – LARGE CAP FUNDS

DSP Large Cap Fund

447.0

7192

1.5

0.7

-5.5

13.1

10.9

11.2

0.36

EQUITY – TAX SAVING (ELSS) FUNDS

Edelweiss Long Term Equity

111.5

437

2.4

0.8

3.3

14.2

12.6

12.4

0.39

HYBRID – EQUITY SAVINGS FUNDS

Franklin India Equity Savings Fund

16.7

633

1.0

0.3

2.7

7.4

7.0

–

0.45

EQUITY – LARGE & MID CAP FUNDS

Franklin India Large & Mid Cap Fund

182.6

3399

1.7

1.1

-1.6

13.7

11.5

11.3

0.36

EQUITY – MID CAP FUNDS

Franklin India Mid Cap Fund

2682.1

12102

1.5

0.9

-0.6

18.7

15.1

14.4

0.44

EQUITY – SMALL CAP FUNDS

Franklin India Small Cap Fund

170.0

13850

1.5

0.8

-0.5

17.2

18.0

15.2

0.48

HYBRID – AGGRESSIVE HYBRID FUNDS

HSBC Aggressive Hybrid Fund

56.6

5424

1.9

0.8

5.4

13.6

10.9

11.1

0.32

EQUITY – TAX SAVING (ELSS) FUNDS

HSBC ELSS Tax saver Fund

135.2

3939

2.1

1.3

2.4

16.9

13.9

13.5

0.38

EQUITY – LARGE CAP FUNDS

HSBC Large Cap Fund

454.6

1784

2.1

1.2

-1.6

10.9

10.0

11.7

0.30

EQUITY – SMALL CAP FUNDS

HSBC Small Cap Fund

82.2

16394

1.8

0.7

3.0

16.8

18.6

18.5

0.46

HYBRID – EQUITY SAVINGS FUNDS

ICICI Prudential Equity Savings Fund

22.9

16868

1.6

1.1

2.3

7.3

7.2

7.9

0.86

HYBRID – AGGRESSIVE HYBRID FUNDS

Invesco India Aggressive Hybrid Fund

20.6

762

2.0

0.7

-8.2

11.1

9.6

–

0.32

EQUITY – TAX SAVING (ELSS) FUNDS

Invesco India ELSS Tax Saver Fund

116.3

2542

1.7

0.8

-6.3

12.7

10.0

12.6

0.28

EQUITY – LARGE & MID CAP FUNDS

LIC MF Large & Midcap Fund

37.2

2958

3.5

2.3

-3.4

15.3

12.8

14.3

0.39

EQUITY – LARGE CAP FUNDS

LIC MF Large Cap Fund

51.4

1352

3.6

2.4

-7.7

7.8

7.7

10.0

0.22

EQUITY – FLEXI CAP FUNDS

Motilal Oswal Flexi Cap Fund

57.0

12770

1.9

1.1

-5.5

18.3

11.9

12.3

0.32

HYBRID – AGGRESSIVE HYBRID FUNDS

Navi Aggressive Hybrid Fund

20.9

111

2.1

0.5

4.4

11.3

10.5

–

0.38

EQUITY – FLEXI CAP FUNDS

Navi Flexi Cap Fund

23.6

260

2.1

0.5

6.4

11.7

11.4

–

0.34

HYBRID – AGGRESSIVE HYBRID FUNDS

Nippon India Aggressive Hybrid Fund

103.8

3958

2.1

1.3

0.5

12.3

11.8

9.7

0.45

EQUITY – TAX SAVING (ELSS) FUNDS

Nippon India ELSS Tax Saver Fund

128.7

14742

1.9

1.2

1.6

16.0

14.3

11.3

0.45

EQUITY – TAX SAVING (ELSS) FUNDS

PGIM India ELSS Tax Saver Fund

32.5

700

2.4

0.9

-5.0

8.0

9.8

12.2

0.31

EQUITY – SMALL CAP FUNDS

SBI Small Cap Fund

168.1

37141

1.6

0.9

-0.2

12.7

13.7

17.8

0.41

HYBRID – BALANCED ADVANTAGE FUNDS

Sundaram Balanced Advantage Fund

34.2

1658

2.1

0.7

-1.9

8.3

7.6

7.3

0.31

EQUITY – THEMATIC – CONSUMPTION FUNDS

Sundaram Consumption Fund

87.6

1428

2.1

1.3

-8.4

10.6

11.3

11.6

0.35

EQUITY – LARGE & MID CAP FUNDS

Sundaram Large and Mid Cap Fund

85.1

6575

1.8

0.8

2.6

14.1

13.4

14.2

0.39

EQUITY – SECTOR – PHARMA FUNDS

Tata India Pharma & Healthcare Fund

31.2

1325

1.8

0.7

6.5

22.8

13.6

12.7

0.44

EQUITY – LARGE & MID CAP FUNDS

Tata Large & Mid Cap Fund

484.6

7802

1.5

0.6

-6.2

8.9

10.8

12.4

0.33

EQUITY – VALUE FUNDS

Tata Value Fund

339.8

8592

1.5

0.7

-0.1

15.2

14.6

14.7

0.48

EQUITY – MID CAP FUNDS

Taurus Mid Cap Fund

116.8

123

2.1

1.7

-2.9

12.8

12.2

14.8

0.33

HYBRID – EQUITY SAVINGS FUNDS

Union Equity Savings Fund

16.9

142

1.7

1.3

1.9

6.9

6.1

–

0.30

EQUITY – LARGE CAP FUNDS

Union Largecap Fund

22.6

439

2.1

1.3

-2.7

9.5

–

0.29

EQUITY – SECTOR – BANKING FUNDS

UTI Banking and Financial Services Fund

185.2

1350

4.4

3.4

-1.1

12.1

11.0

10.9

0.31

EQUITY – TAX SAVING (ELSS) FUNDS

UTI ELSS Tax Saver Fund

194.3

3438

2.1

1.2

-4.7

10.2

9.5

11.6

0.27

EQUITY – FLEXI CAP FUNDS

UTI Flexi Cap Fund

295.6

22168

1.6

1.0

-7.1

7.3

5.9

11.2

0.14

EQUITY – THEMATIC – CONSUMPTION FUNDS

UTI India Consumer Fund

54.1

674

2.5

1.7

-3.3

10.3

10.5

10.8

0.29

EQUITY – MID CAP FUNDS

UTI Mid Cap Fund

300.4

11680

2.1

1.3

1.9

15.2

14.1

0.40

EQUITY – TAX SAVING (ELSS) FUNDS

Aditya Birla Sun Life ELSS Tax Saver Fund

59.7

14378

1.5

0.8

1.1

13.3

8.8

10.5

0.26

EQUITY – LARGE & MID CAP FUNDS

Aditya Birla Sun Life Large & Mid Cap Fund

901.8

5648

1.6

0.9

1.6

13.1

9.5

11.7

0.24

EQUITY – SMALL CAP FUNDS

Aditya Birla Sun Life Small Cap Fund

91.3

5253

1.6

0.8

8.8

17.7

13.9

13.3

0.36

HYBRID – AGGRESSIVE HYBRID FUNDS

Axis Aggressive Hybrid Fund

19.9

1451

2.3

1.2

-1.7

9.2

7.9

–

0.26

EQUITY – TAX SAVING (ELSS) FUNDS

Axis ELSS Tax Saver Fund

91.8

31566

1.9

1.2

-3.4

10.5

7.5

11.5

0.18

EQUITY – LARGE CAP FUNDS

Axis Large Cap Fund

56.9

30498

1.6

0.7

-4.6

8.8

7.0

11.4

0.18

HYBRID – CONSERVATIVE HYBRID FUNDS

Bandhan Conservative Hybrid Fund

32.1

1.7

0.8

-0.2

6.0

5.1

6.3

0.23

HYBRID – EQUITY SAVINGS FUNDS

Bandhan Equity Savings Fund

31.8

389

0.9

0.2

2.8

6.7

6.3

0.51

EQUITY – MID CAP FUNDS

DSP Midcap Fund

149.1

19459

1.4

0.6

4.1

18.5

12.7

14.8

0.37

EQUITY – LARGE CAP FUNDS

Groww Largecap Fund

41.7

128

2.7

1.4

-0.7

11.0

10.1

10.8

0.29

EQUITY – MID CAP FUNDS

HSBC Midcap Fund

446.0

13387

3.6

2.5

19.3

27.4

19.5

17.8

0.49

HYBRID – AGGRESSIVE HYBRID FUNDS

LIC MF Aggressive Hybrid Fund

191.9

509

2.4

1.3

-1.8

10.5

8.8

9.2

0.30

EQUITY – SECTOR – BANKING FUNDS

LIC MF Banking & Financial Services Fund

20.4

262

2.4

1.2

-0.6

7.8

9.2

0.26

EQUITY – TAX SAVING (ELSS) FUNDS

LIC MF ELSS Tax Saver

140.5

994

2.2

1.0

-6.8

10.0

10.4

11.6

0.32

EQUITY – FLEXI CAP FUNDS

LIC MF Flexi Cap Fund

97.2

973

3.5

2.4

4.1

11.6

10.3

10.1

0.29

EQUITY – MID CAP FUNDS

LIC MF Midcap Fund

29.4

347

2.4

1.3

2.0

19.0

14.6

–

0.39

EQUITY – SMALL CAP FUNDS

LIC MF Small Cap Fund

31.9

660

2.8

1.5

7.3

18.0

18.1

–

0.45

EQUITY – VALUE FUNDS

LIC MF Value Fund

26.4

208

3.1

1.8

12.0

16.6

13.7

–

0.36

EQUITY – THEMATIC – CONSUMPTION FUNDS

Mahindra Manulife Consumption Fund

20.9

504

2.1

0.6

-5.0

10.0

10.7

–

0.32

HYBRID – BALANCED ADVANTAGE FUNDS

Motilal Oswal Balanced Advantage Fund

18.2

734

2.4

1.1

-3.6

5.5

4.4

–

0.08

EQUITY – LARGE & MID CAP FUNDS

Navi Large & Midcap Fund

35.1

300

2.1

0.5

10.8

11.6

12.7

0.34

HYBRID – CONSERVATIVE HYBRID FUNDS

Nippon India Conservative Hybrid Fund

60.6

951

1.9

1.1

5.7

7.8

7.7

5.6

0.99

HYBRID – EQUITY SAVINGS FUNDS

Nippon India Equity Savings Fund

16.2

853

1.6

0.5

2.1

6.6

6.8

4.6

0.43

HYBRID – AGGRESSIVE HYBRID FUNDS

PGIM India Aggressive Hybrid Equity Fund

125.8

204

2.4

0.8

-1.5

8.3

7.4

8.5

0.22

EQUITY – LARGE CAP FUNDS

PGIM India Large Cap Fund

320.8

544

2.5

0.9

-4.1

7.5

7.3

9.8

0.21

EQUITY – VALUE FUNDS

Quantum Value Fund

117.3

1114

2.1

1.1

-6.2

12.6

10.7

11.1

0.37

EQUITY – FLEXI CAP FUNDS

Shriram Flexi Cap Fund

19.2

128

3.3

1.7

-2.3

8.5

8.2

–

0.20

EQUITY – DIVIDEND YIELD FUNDS

Sundaram Dividend Yield Fund

130.0

856

2.3

1.1

-2.8

12.6

11.8

14.4

0.41

EQUITY – SECTOR – IT FUNDS

Tata Digital India Fund

39.2

9697

1.5

0.5

-17.0

6.4

7.0

14.1

0.18

EQUITY – FLEXI CAP FUNDS

Taurus Flexi Cap Fund

219.1

344

2.1

2.0

-1.8

12.2

10.4

9.7

0.31

EQUITY – SECTOR – PHARMA FUNDS

UTI Healthcare Fund

307.2

1144

2.3

1.4

10.8

26.7

14.1

13.3

0.44

HYBRID – BALANCED ADVANTAGE FUNDS

UTI-Unit Linked Insurance Plan

40.9

4923

1.6

1.0

-2.5

6.8

6.4

7.2

0.26

HYBRID – CONSERVATIVE HYBRID FUNDS

Bank of India Conservative Hybrid Fund

–

34.8

1.9

1.0

2.0

6.6

9.8

7.1

0.83

EQUITY – MULTI CAP FUNDS

Baroda BNP Paribas Multi Cap Fund

–

286.8

3219

1.7

0.8

3.0

16.6

15.5

14.4

0.44

EQUITY – SMALL CAP FUNDS

Canara Robeco Small Cap Fund

–

38.2

13276

1.5

0.5

0.8

14.5

16.5

–

0.47

EQUITY – SMALL CAP FUNDS

Edelweiss Small Cap Fund

–

44.3

5952

2.1

0.8

4.5

17.9

17.5

–

0.50

HYBRID – AGGRESSIVE HYBRID FUNDS

Groww Aggressive Hybrid Fund

–

20.1

3.7

2.8

-2.1

8.9

8.6

–

0.28

EQUITY – TAX SAVING (ELSS) FUNDS

Groww ELSS Tax Saver Fund

–

18.4

2.8

1.3

-5.7

9.9

9.3

–

0.27

EQUITY – VALUE FUNDS

Groww Value Fund

–

26.4

2.8

1.3

-1.1

14.5

12.2

10.5

0.39

EQUITY – LARGE & MID CAP FUNDS

HSBC Large & Mid Cap Fund

–

28.8

4877

3.1

2.0

11.6

19.9

15.9

–

0.39

EQUITY – MULTI CAP FUNDS

ICICI Prudential Multicap Fund

–

839.2

16997

1.7

0.9

6.6

19.7

16.6

15.3

0.56

EQUITY – CONTRA FUNDS

Invesco India Contra Fund

–

128.1

19406

1.4

0.5

-3.1

16.1

13.6

15.2

0.42

HYBRID – EQUITY SAVINGS FUNDS

Invesco India Equity Savings Fund

–

16.3

330

2.1

0.8

-3.7

7.9

6.4

–

0.28

EQUITY – MULTI CAP FUNDS

Invesco India Multicap Fund

–

122.3

3995

1.6

0.6

-5.6

14.3

12.2

13.3

0.35

EQUITY – CONTRA FUNDS

Kotak Contra Fund

–

147.8

5154

1.9

0.6

1.1

17.1

15.2

15.6

0.48

HYBRID – CONSERVATIVE HYBRID FUNDS

LIC MF Conservative Hybrid Fund

–

82.1

2.1

1.2

0.3

5.3

5.1

6.0

0.25

HYBRID – EQUITY SAVINGS FUNDS

LIC MF Equity Savings Fund

–

28.0

2.3

1.3

1.9

8.8

7.1

6.7

0.35

EQUITY – SECTOR – PHARMA FUNDS

LIC MF Healthcare Fund

–

30.7

2.4

1.1

8.6

22.8

10.8

–

0.32

EQUITY – LARGE CAP FUNDS

Mahindra Manulife Large Cap Fund

–

21.4

701

2.0

0.6

-6.3

9.9

9.0

–

0.28

EQUITY – MULTI CAP FUNDS

Mahindra Manulife Multi Cap Fund

–

36.7

6439

1.6

0.4

6.8

19.4

16.4

–

0.47

EQUITY – MULTI CAP FUNDS

Nippon India Multi Cap Fund

–

296.6

52634

1.6

0.9

0.7

18.4

19.9

15.8

0.64

HYBRID – EQUITY SAVINGS FUNDS

PGIM India Equity Savings Fund

–

49.8

1.3

0.6

1.9

5.8

5.9

6.6

0.46

EQUITY – FLEXI CAP FUNDS

Quant Flexi Cap Fund

–

107.6

6594

2.0

0.8

10.9

19.3

17.4

19.7

0.47

EQUITY – MULTI CAP FUNDS

Quant Multi Cap Fund

–

642.0

7466

1.9

0.7

2.7

13.1

12.7

17.2

0.32

EQUITY – CONTRA FUNDS

SBI Contra Fund

–

371.0

47352

1.5

0.7

-1.9

15.1

17.1

15.6

0.64

HYBRID – AGGRESSIVE HYBRID FUNDS

Shriram Aggressive Hybrid Fund

–

31.1

2.4

0.7

0.5

9.8

8.2

9.2

0.26

EQUITY – TAX SAVING (ELSS) FUNDS

Shriram ELSS Tax Saver Fund

–

20.2

3.2

1.6

-2.0

8.2

8.3

–

0.20

HYBRID – CONSERVATIVE HYBRID FUNDS

Sundaram Conservative Hybrid Fund

–

29.0

1.9

1.1

-2.6

5.0

6.2

6.1

0.42

EQUITY – MULTI CAP FUNDS

Sundaram Multi Cap Fund

–

366.8

2807

2.0

0.9

-1.4

14.5

13.7

14.5

0.42

EQUITY – VALUE FUNDS

Sundaram Value Fund

–

207.5

1323

2.2

1.6

-4.2

9.2

10.3

10.9

0.34

HYBRID – BALANCED ADVANTAGE FUNDS

Tata Balanced Advantage Fund

–

20.6

9128

1.5

0.5

1.5

8.9

–

0.44

EQUITY – SECTOR – BANKING FUNDS

Taurus Banking & Financial Services Fund

–

51.6

2.1

1.4

-4.3

8.5

9.7

12.3

0.27

EQUITY – TAX SAVING (ELSS) FUNDS

Taurus ELSS Tax Saver Fund

–

174.3

2.1

1.5

-4.9

11.6

11.3

12.6

0.38

EQUITY – LARGE CAP FUNDS

Taurus Large Cap Fund

–

152.7

2.1

1.9

-1.0

12.1

10.3

9.9

0.31

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Oil prices jump nearly 3% after renewed hostilities between US, Iran

by Hansraj Agrawal | May 8, 2026 | Share Market

West Texas Intermediate oil prices were trading up 2.58% or $2.45, at $97.26 a barrel, as of 2233 GMT, after initially gaining ‌more than 3% | Image: Bloomberg

1 min read Last Updated : May 08 2026 | 6:30 AM IST

US crude futures rose as much as 3 per cent in early trading on Friday after ‌renewed hostilities broke out between the US and Iran.

West Texas Intermediate oil prices were trading up 2.58 per cent or $2.45, at $97.26 a barrel, as of 2233 GMT, after initially gaining ‌more than 3 per cent.

The US military said it carried out retaliatory strikes on Iran on Thursday, targeting sites responsible for attacking US forces.

Iran’s military accused the US of violating the ceasefire between ‌the two countries, saying the US had ‌targeted two ships in the Strait ‌of Hormuz and attacked civilian areas.

The WTI contract ‌had settled down 27 cents at $94.81 per barrel in the previous trading session.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: May 08 2026 | 6:30 AM IST

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AI bots auditioning for Wall Street trading are mostly losing money

by Hansraj Agrawal | May 7, 2026 | Share Market

AI isn’t ready to replace your fund manager — and the public experiments testing it are showing why.

Across a series of new trading contests between the world’s leading AI models, the verdict so far is unflattering. Most of the systems lose money. They trade too much. They make wildly different decisions when given identical instructions. And no one yet knows if these shortcomings will fade with more powerful iterations — or if they reveal something fundamental about the gap between large language models and how markets actually work.

Take Alpha Arena, run by tech startup Nof1. It pitted eight major frontier AI systems – including Anthropic’s Claude, Google’s Gemini, OpenAI’s ChatGPT and Elon Musk’s Grok — against each other in four separate competitions. Each was handed $10,000 per contest before being turned loose on US tech stocks for two weeks. The challenges involved trading on a variety of signals, acting defensively, reacting to the competition, and using high leverage.

The portfolio as a whole lost about a third of its capital. Across all 32 sets of results, a model finished in profit only six times. Grok 4.20 delivered the best performance during the challenge in which it was aware of its rivals’ performance. It placed only 158 trades; under the same prompt, Alibaba’s Qwen traded 1,418 times.

Alpha Arena is one of a growing number of experiments testing whether LLMs can do the hardest job in finance: beat the market. While these contests are far from academically rigorous, they’re the most public demonstration yet of what happens when the systems try to take on some of the most lucrative and high-stakes work on Wall Street.

The early results matter because trading is one job the financial industry has been cautious about handing entirely to AI. Over the past few years, heavyweights from JPMorgan Chase & Co. to Balyasny Asset Management have put the technology to work nearly everywhere else. LLMs now parse news at quant shops, draft memos at hedge funds, and detect fraud at big banks, among other tasks. But “human in the loop” remains the motto when it comes to trading real money. Perhaps for good reason.

“LLMs can’t really make money by themselves,” said Jay Azhang, founder of Nof1. “You need basically a very sophisticated harness and scaffolding and data platform in order to even give them a chance.”

LLMs are good at doing research and finding and deploying the correct tools for certain tasks, he said. But they don’t yet know how much each of the many variables that swing stocks – including things like analyst ratings, insider transactions, and sentiment shifts – actually matters. They tend to mistime their trades, incorrectly size positions and buy and sell too often.

The AI blog Flat Circle tracked 11 markets-related arenas, and all had at least one model that made money. But in only two of the arenas was the median model profitable, showing how most struggled to beat the market.

That outcome mirrors human performance, since a majority of actively managed funds famously also lag the broad market. And just like people, the models can be prone to obvious bias. The arenas show the AI systems making very different decisions with identical instructions, which has big implications for any firm deploying them. For instance, Azhang said that in Alpha Arena’s latest run, Claude mostly wanted to go long, Gemini had no problem being short, and Qwen was comfortable taking risks with big leverage.

“They have personalities that you have to manage almost like a human analyst,” said Doug Clinton, who runs Intelligent Alpha, a firm with an LLM-driven fund that publishes its own benchmark for how well AI predicts corporate earnings. Results can be improved by letting the model know it’s showing some bias, he said.

Intelligent Alpha’s benchmark gives 10 AI models access to financial filings, analyst forecasts, earnings transcripts, macroeconomic data and up to 10 web searches. With its narrower focus, the results are more positive for LLMs. In the fourth quarter of 2025, OpenAI’s ChatGPT correctly predicted the direction of earnings estimates 68% of the time – the best results yet. And the models, Clinton said, tend to improve with every new release.

Hedge Fund Secrets

Evaluating any of this is hard. Design choices in everything from how often the models run to what assets they trade makes a big difference. And the default test for a trading strategy – running it backward through history to see how it would have performed – doesn’t really work for AI.

A model asked in 2026 how it would have traded in March 2020 already knows what March 2020 looked like. That contamination, known as lookahead bias, has challenged the frameworks underlying academic and quantitative finance for decades. LLMs have to be assessed in live markets instead, hence the proliferation of benchmarks and arenas.

Perhaps because they mostly lose money, AI trading arenas tend to run for only short periods of time. With the low barriers to entry, many are set up by individuals or startups using the platforms as a launchpad for other products.

Nof1 is preparing season two of Alpha Arena, which will give each AI model the ability to search the web, ponder for longer, access more data sources and take multiple steps. But ultimately the firm’s business is a system enabling retail traders to build AI trading agents for their own strategies.

“Giving an LLM money right now and just having it go – that’s not a thing yet,” said Azhang.

Most of the public experiments are still too short and too noisy to support firm conclusions, reckons Jim Moran, who writes the Flat Circle blog and who previously co-founded alternative-data provider YipitData. These arenas also have natural disadvantages, including limited access to proprietary stock research and inferior execution.

“If you took one of these agents from one of these arenas and you just moved it over to operate inside of a high-end hedge fund, they should perform better,” he said.

Alexander Izydorczyk, formerly head of data science at the hedge fund Coatue Management and now at NX1 Capital, recently wrote that no AI trading bot he tracks has yet shown a lasting edge. He argued the arenas are limited by what they cannot see in their training data: the practical quant techniques used inside secretive trading shops.

He suggested the same secrecy is also a preview of where any AI that does begin to work will eventually go.

“But beginners sometimes see things incumbents cannot,” Izydorczyk wrote on his personal blog. “The outsiders, if successful, will also learn quickly that success in liquid, competitive markets pays better than the marginal X follower. When LLM agent trading strategies start working, you will not hear about it for a while.”

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