Balancing risk and returns in a shifting landscape

by Hansraj Agrawal | May 10, 2025 | Share Market

Conservative hybrid funds represent the only segment within the hybrid category experiencing steady net outflows, totalling ₹682 crore during the past two years. This declining investor interest primarily stems from the change in taxation of debt-oriented funds in the 2023 Budget, which eliminated capital gains tax benefits and indexation advantages for funds with equity allocation below 35 per cent, a criterion encompassing this category. Consequently, any profits from these funds are now taxed according to the investor’s applicable income tax slab.

Despite this, several schemes from this category remain attractive options for risk-averse investors. They have consistently delivered strong long-term returns. Even with the modified tax regulations, returns exceed inflation rates while maintaining comparatively low risk levels. Kotak Debt Hybrid Fund is one such example, demonstrating good performance over the long term.

As required by regulations, conservative hybrid funds invest predominantly in debt instruments, with a smaller allocation to equities. Typically, they allocate 75–90 per cent to debt and 10–25 per cent to equities, offering reduced risk and consistent returns.

Large-cap orientation

The equity component of the Kotak Debt Hybrid Fund operates with a multi-cap strategy, generally maintaining 20–24 per cent in equities, with a preference for large-cap stocks constituting 70–80 per cent of the equity portfolio. It encompasses approximately 40 to 50 stocks, ensuring diversification, and follows a growth at a reasonable price approach with significant emphasis on corporate governance.

The overall equity portfolio construction demonstrates a distinctly domestic orientation, prioritising companies deriving the majority of their revenues from within India. The fund currently favours large-cap banking, technology, rural-driven discretionary consumption and selective areas in telecom and power. Conversely, the fund avoids sectors with substantial global exposure, particularly commodities.

Although mid- and small-cap stocks comprise a smaller portion of the portfolio, their inclusion is based on healthy earnings outlooks, consistent past performance, and strength within their respective sectors. Throughout the past five years, the fund has maintained a balanced allocation between mid- and small-cap segments, with their combined exposure ranging from 5 to 11 per cent of the total portfolio.

Active duration play

Kotak Debt Hybrid Fund distinguishes itself among peers through aggressive duration calls. Its approach to debt investment combines long-term strategic positioning with tactical adjustments, emphasising liquidity and yield curve positioning while minimising exposure to credit risk and accrual strategy.

Currently, the fund maintains a relatively high Macaulay Duration of approximately eight years, and the average maturity of 12 years. This extended duration reflects the fund’s macroeconomic perspective that the RBI may continue reducing interest rates. According to the fund manager, the reinvestment risk is the main concern at this point, which makes shorter-duration investments less attractive amid easing liquidity conditions.

The fund has consistently held about half its portfolio in G-Secs over the past five years, offering greater liquidity and flexibility for swift repositioning than corporate bonds. G-Secs enable swift tactical adjustments with minimal impact costs, whereas corporate bonds necessitate longer-term positioning due to higher bid-ask spreads and impact costs. In a bet on falling rates, the fund currently favours 30-year G-Secs, offering about 40 bps spread over 10-year bonds, with 20–30 per cent of the portfolio allocated there in the past couple of months.

Corporate bond exposure has ranged from 5–31 per cent over five years, with minimal short-duration and non-AAA holdings. About 5 per cent is in AA-rated securities, including UP Power Corp, Bharti Telecom, and Telangana State Industrial Infrastructure Corp.

The fund anticipates yield curve flattening and potential spread compression in corporate bonds as liquidity increases. Looking ahead, the fund manager indicates they will progressively reduce G-Sec exposure and increase corporate bond allocation, particularly in the 5-7 year segment where spreads appear attractive. The fund features a debt portfolio yield to maturity (YTM) of 7.1 per cent as of March 31, 2025, slightly below the category average of 7.2 per cent.

Performance

Kotak Debt Hybrid Fund has exhibited above average returns in most equity and interest rate cycles. Its aggressive duration strategies, however, result in heightened return volatility.

For instance, the fund delivered a 25 per cent return in the year after Covid pandemic, outperforming the 19 per cent category average driven by select sector bets in auto, retail, and private banks and a timely duration call. However, it lagged during the September 2024 correction, returning 1 per cent versus the category’s 3 per cent, as peers with lower equity exposure such as Nippon India Hybrid Bond and Parag Parikh Conservative Hybrid fared better.

Analysis of 5-year rolling returns over the last 10 years reveals that the fund generated an annualised return of 9.7 per cent, surpassing the category average of 7.3 per cent. Its 5-year returns have varied considerably, from a minimum of 6.5 per cent to a maximum of 13.7 per cent.

The fund’s expense ratio for the regular plan is 1.7 per cent, marginally below the category average of 1.9 per cent, while the direct plan’s expense ratio stands at 0.45 per cent, significantly below the category average of 0.93 per cent.

This fund aims to achieve returns exceeding typical debt investments over the given investment horizon. It may be appropriate for investors with low to moderate risk profiles who fall into lower tax brackets and desire modest exposure to equities.

Published on May 10, 2025

Source link

ICICI Prudential Quality Fund: Should You Invest In The NFO?

by Hansraj Agrawal | May 10, 2025 | Share Market

In the sharp market rally from the post-Covid era, there was pretty much a broad-based rally across segments. Specifically, factor investing tracking momentum, value and alpha styles delivered extraordinary returns. The style that remained a relative underperformer was quality. From FY21 through till FY25, quality was left behind other styles of investing.

With the market correction from September 2024 to March 2025 and the years of underperformance there is now renewed interest in the quality theme.

The reciprocal trade tariff advocated by the US, continuing geopolitical challenges, and slowing domestic corporate earnings momentum, are fuelling the push to quality. Reasonable valuations in quality companies and heavy macro challenges amid slowing global growth are additional reasons.

In fact, the US has witnessed a decline in GDP growth in the first quarter of this calendar year. There are fears of stagflation hitting that country.

Amidst this backdrop, ICICI Prudential has come out with a new quality fund that will be actively managed.

Read on, for more on the new fund offering, and find out whether you should be investing in the scheme.

Betting on quality

Two key factors point to how business cycle and corporate profitability are on a gradual downtrend. Industry capacity utilisation – reported by the RBI – after touching 75 per cent levels in early 2014, has been reducing and moving to 70 per cent levels. Corporate profitability as a percentage of GDP has remained close to 5 per cent in FY25, the same as in FY22. In periods of economic uncertainty, quality could outperform.

ICICI Prudential Quality fund would start with a set of 625 stocks that are part of the overall coverage universe. Quality filters such as return on equity (RoE), return on capital employed (RoCE), financial leverage, net cash balance and capital allocation would be used to select about 250 stocks from the above set.

Additionally, ICICI Prudential would use valuation metrics on this quality pack to further narrow the selection to 40-60 stocks. The idea is to buy quality at the right price.

The fund seeks to break the stereotype of quality being available only in segments such as IT and FMCG. It would look for opportunities in sectors such as pharma, cement, banks, retail and NBFCs.

This new scheme will invest across sectors. It would also have the flexibility to invest across market capitalisations – large, mid and small.

ICICI Prudential would adopt both top-down and bottom-up approaches while selecting the stocks in its portfolio as the situation demands.

Should you invest?

In the 11 financial years from FY10 to FY20, quality (Nifty 200 Quality 30 TRI) was the leader as it outperformed in four of those years. Momentum (Nifty 200 Momentum 30 TRI) and value (Nifty 200 Value 30 TRI) topped the charts for three financial years each. But as mentioned earlier, over the past five financial years, quality companies and indices have underperformed.

Over a 15-year timeframe from April 2010 to March 2025, on a five-year rolling basis, the Nifty 200 Quality 30 TRI has not given negative returns. It has managed to deliver 17.4 per cent on an average, which is higher than the value and alpha style indices as well as the Nifty 200 TRI itself. The quality index has given 10-20 per cent returns 71 per cent of the time on a five-year rolling basis over the aforementioned period.

In raging bull markets, quality as a style can underperform.

Over the long term, quality can be rewarding. Indeed, when the 20-year CAGR of the Nifty 200 Quality 30 TRI has given 17.9 per cent, good 3.6 percentage points higher than the Nifty 200 TRI.

When risk-adjusted, returns for the quality style is higher than all other style and the broader market index.

ICICI Prudential has many funds from the equity stable that have done exceptionally well over the past 15-20 years.

Also, given that very few active funds are available in the quality theme, investors with a long-term perspective can invest in the scheme via small lumpsums or SIPs. The new fund must be used as a diversifier to the overall equity portfolio with exposure restricted to small proportions. Investing in the fund would require a medium risk appetite.

138 funds, 19 gilt and bond ETFs, 16 liquid ETFs & 103 index funds tracking benchmark indices by holding fixed income securities in matching proportions

Published on May 10, 2025

Source link

Mutual Funds returns

by Hansraj Agrawal | May 10, 2025 | Share Market

EQUITY – FOCUSED FUNDS

360 ONE Focused Equity Fund

44.3

6961

1.8

0.6

5.1

18.1

24.9

15.3

0.79

EQUITY – TAX SAVING (ELSS) FUNDS

Bank of India ELSS Tax Saver

147.8

1320

2.0

0.8

-3.3

18.1

24.7

15.0

0.67

HYBRID – AGGRESSIVE HYBRID FUNDS

BOI AXA Mid & Small Cap Eq&Debt

34.8

1068

2.1

0.8

3.6

17.4

26.1

–

0.72

EQUITY – LARGE CAP FUNDS

Canara Robeco Bluechip Equity Fund

60.1

15621

1.7

0.5

12.0

16.7

21.2

13.4

0.76

EQUITY – THEMATIC – CONSUMPTION FUNDS

Canara Robeco Consumer Trends Fund

103.7

1780

2.1

0.9

7.4

19.6

23.8

15.6

0.75

HYBRID – BALANCED ADVANTAGE FUNDS

Edelweiss Balanced Advantage Fund

48.5

12455

1.7

0.5

5.5

12.3

15.8

10.1

0.84

HYBRID – EQUITY SAVINGS FUNDS

Edelweiss Equity Savings Fund

24.4

598

1.6

0.6

9.7

10.8

11.5

8.8

1.02

EQUITY – LARGE & MID CAP FUNDS

HDFC Large and Mid Cap Fund

313.8

24326

1.7

1.0

7.0

21.1

29.5

13.7

0.93

HYBRID – BALANCED ADVANTAGE FUNDS

ICICI Prudential Balanced Advantage Fund

71.2

62528

1.4

0.8

10.4

13.5

17.2

11.0

1.28

EQUITY – LARGE CAP FUNDS

ICICI Prudential Bluechip Fund

104.9

68034

1.4

0.9

10.2

19.3

25.1

14.0

0.94

EQUITY – FOCUSED FUNDS

ICICI Prudential Focused Equity Fund

85.6

11019

1.7

0.6

14.3

23.1

27.9

14.2

0.98

EQUITY – SECTOR – IT FUNDS

ICICI Prudential Technology Fund

187.3

12983

1.8

1.0

12.2

10.0

30.6

17.2

0.80

EQUITY – VALUE FUNDS

ICICI Prudential Value Discovery Fund

445.4

51112

1.5

1.0

13.2

21.6

30.4

14.9

1.25

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Invesco India Infrastructure Fund

57.8

1446

2.1

0.8

2.3

25.8

31.5

15.4

0.78

EQUITY – FLEXI CAP FUNDS

JM Flexicap Fund

92.0

5625

1.8

0.6

2.3

24.8

28.1

15.9

0.83

EQUITY – LARGE CAP FUNDS

JM Large Cap Fund

142.7

507

2.4

0.7

-1.0

16.0

18.5

10.2

0.62

EQUITY – VALUE FUNDS

JM Value Fund

90.6

1036

2.2

0.9

0.3

24.7

29.5

15.9

0.84

HYBRID – CONSERVATIVE HYBRID FUNDS

Kotak Debt Hybrid Fund

57.5

3075

1.7

0.5

9.3

11.1

12.4

9.6

1.19

EQUITY – MID CAP FUNDS

Motilal Oswal Midcap Fund

95.2

27780

1.6

0.6

18.1

29.5

37.6

17.8

0.93

EQUITY – SMALL CAP FUNDS

Nippon India Small Cap Fund

151.8

58029

1.4

0.7

2.3

23.5

38.3

20.7

0.95

EQUITY – FLEXI CAP FUNDS

Parag Parikh Flexi Cap Fund

79.8

98541

1.3

0.6

12.9

20.2

27.7

17.1

1.08

EQUITY – MID CAP FUNDS

PGIM India Midcap Opportunities Fund

59.0

10602

1.7

0.5

8.5

14.5

30.0

14.7

0.88

HYBRID – AGGRESSIVE HYBRID FUNDS

Quant Absolute Fund

395.5

2054

2.0

0.7

-1.4

13.0

26.7

14.8

0.97

EQUITY – TAX SAVING (ELSS) FUNDS

Quant ELSS Tax Saver Fund

337.6

10873

1.7

0.5

-6.8

15.8

33.3

19.4

0.89

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Quant Infrastructure Fund

34.4

3173

1.9

0.7

-11.3

19.0

40.2

17.4

0.94

EQUITY – LARGE & MID CAP FUNDS

Quant Large & Mid Cap Fund

109.8

3645

1.9

0.6

-4.6

18.9

25.5

16.2

0.74

EQUITY – MID CAP FUNDS

Quant Mid Cap Fund

206.5

8776

1.8

0.6

-6.3

20.2

32.5

16.3

0.91

EQUITY – SMALL CAP FUNDS

Quant Small Cap Fund

233.1

26222

1.6

0.7

-2.5

23.5

46.9

18.7

1.05

HYBRID – CONSERVATIVE HYBRID FUNDS

SBI Conservative Hybrid Fund

70.6

9612

1.5

1.1

8.5

10.4

12.4

9.0

1.31

EQUITY – TAX SAVING (ELSS) FUNDS

SBI Long Term Equity Fund

410.6

28506

1.6

1.0

8.4

25.3

29.1

14.2

1.02

HYBRID – EQUITY SAVINGS FUNDS

Sundaram Equity Savings Fund

68.4

1004

2.2

0.8

9.3

11.8

14.6

9.4

1.04

EQUITY – SECTOR – BANKING FUNDS

Sundaram Financial Services Opportunities Fund

99.0

1524

2.2

0.9

10.5

22.4

25.3

13.5

0.72

EQUITY – DIVIDEND YIELD FUNDS

Templeton India Equity Income Fund

133.6

2338

2.1

0.9

5.7

17.6

29.9

14.7

1.22

HYBRID – BALANCED ADVANTAGE FUNDS

Aditya Birla SL Bal Advantage

102.0

7533

1.8

0.8

11.1

13.2

16.2

10.9

0.94

EQUITY – SMALL CAP FUNDS

AXIS Small Cap Fund

96.0

23318

1.6

0.6

9.1

18.5

30.1

17.7

0.89

EQUITY – LARGE & MID CAP FUNDS

Bandhan Core Equity Fund

122.9

8408

1.8

0.6

9.7

24.2

29.1

14.7

0.93

EQUITY – TAX SAVING (ELSS) FUNDS

Bandhan ELSS Tax Saver Fund

142.9

6806

1.8

0.7

4.2

15.9

28.0

13.9

0.92

EQUITY – VALUE FUNDS

Bandhan Sterling Value Fund

139.9

9774

1.8

0.7

5.0

18.6

34.0

14.8

1.05

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

BOI AXA Manufacturing & Infra

50.2

514

2.3

0.8

1.3

22.9

30.9

15.6

0.82

HYBRID – AGGRESSIVE HYBRID FUNDS

Baroda BNP Paribas Aggressive Hybrid Fund

26.5

1180

2.1

0.5

6.9

15.4

18.5

–

0.73

EQUITY – LARGE CAP FUNDS

Baroda BNP Paribas Large Cap Fund

209.5

2543

2.0

0.8

5.9

17.5

21.3

12.3

0.74

EQUITY – TAX SAVING (ELSS) FUNDS

Canara Robeco ELSS Tax Saver

164.5

8516

1.7

0.6

8.7

16.1

22.9

13.9

0.77

EQUITY – TAX SAVING (ELSS) FUNDS

DSP ELSS Tax Saver Fund

133.1

16218

1.7

0.8

14.7

20.7

27.1

15.8

0.92

EQUITY – LARGE CAP FUNDS

Edelweiss Large Cap Fund

80.0

1229

2.2

0.6

7.7

16.8

21.9

12.2

0.78

EQUITY – MID CAP FUNDS

Edelweiss Mid Cap Fund

91.8

9242

1.7

0.4

17.3

25.3

32.9

17.5

0.92

EQUITY – FLEXI CAP FUNDS

Franklin India Flexi Cap Fund

1558.7

18225

1.8

1.0

10.1

20.5

28.5

13.8

0.92

EQUITY – FLEXI CAP FUNDS

HDFC Flexi Cap Fund

1882.9

69639

1.4

0.8

16.0

24.2

31.4

15.3

1.09

EQUITY – FOCUSED FUNDS

HDFC Focused 30 Fund

217.5

18560

1.7

0.8

15.5

24.6

31.1

14.4

1.16

HYBRID – CONSERVATIVE HYBRID FUNDS

HDFC Hybrid Debt Fund

81.2

3364

1.7

1.2

8.9

11.5

13.0

9.0

1.23

EQUITY – MID CAP FUNDS

HDFC Mid-Cap Opportunities Fund

176.0

74910

1.4

0.9

10.3

26.7

33.3

17.2

1.04

HYBRID – BALANCED ADVANTAGE FUNDS

HSBC Balanced Advantage Fund

41.8

1497

2.1

0.8

8.5

11.8

12.0

7.9

0.70

HYBRID – EQUITY SAVINGS FUNDS

HSBC Equity Savings Fund

31.6

649

1.5

0.6

8.0

11.9

15.1

8.4

0.74

EQUITY – DIVIDEND YIELD FUNDS

ICICI Prudential Dividend Yield Equity Fund

49.7

5231

1.9

0.6

9.8

23.8

33.3

15.5

1.22

HYBRID – AGGRESSIVE HYBRID FUNDS

ICICI Prudential Equity & Debt Fund

374.9

42340

1.6

1.0

11.0

19.2

27.2

15.4

1.18

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

ICICI Prudential Infrastructure Fund

178.6

7416

1.9

1.2

5.5

29.0

39.2

16.0

1.14

EQUITY – LARGE & MID CAP FUNDS

ICICI Prudential Large & Mid Cap Fund

946.8

20352

1.7

0.8

12.1

22.7

30.5

14.9

1.07

HYBRID – CONSERVATIVE HYBRID FUNDS

ICICI Prudential Regular Savings Fund

73.7

3166

1.7

1.0

9.7

10.3

11.0

9.4

1.31

EQUITY – SECTOR – BANKING FUNDS

Invesco India Financial Services Fund

126.3

1308

2.2

0.9

13.3

22.0

24.2

14.3

0.65

HYBRID – AGGRESSIVE HYBRID FUNDS

JM Aggressive Hybrid Fund

113.3

802

2.3

0.7

1.8

21.4

27.4

11.8

1.00

EQUITY – TAX SAVING (ELSS) FUNDS

JM ELSS Tax Saver Fund

44.4

189

2.4

1.0

5.4

19.9

26.7

14.7

0.79

EQUITY – LARGE CAP FUNDS

Kotak Bluechip Fund

542.6

9830

1.7

0.6

10.2

16.5

22.5

12.5

0.79

EQUITY – MID CAP FUNDS

Kotak Emerging Equity Fund

120.3

49646

1.4

0.4

11.3

20.6

30.6

17.1

0.88

HYBRID – AGGRESSIVE HYBRID FUNDS

Kotak Equity Hybrid Fund

57.7

7036

1.8

0.5

9.1

14.7

21.9

12.2

0.91

EQUITY – LARGE & MID CAP FUNDS

Kotak Equity Opportunities Fund

313.9

25712

1.6

0.6

5.6

19.2

25.1

14.8

0.83

HYBRID – EQUITY SAVINGS FUNDS

Kotak Equity Savings Fund

25.2

8190

1.8

0.7

6.8

11.0

12.6

9.0

1.06

EQUITY – SMALL CAP FUNDS

Kotak Small Cap Fund

235.3

15867

1.7

0.6

2.9

14.8

33.4

16.9

0.89

EQUITY – TAX SAVING (ELSS) FUNDS

Mirae Asset ELSS Tax Saver Fund

45.3

23945

1.6

0.7

8.7

16.2

25.1

–

0.83

EQUITY – THEMATIC – CONSUMPTION FUNDS

Mirae Asset Great Consumer Fund

87.1

3872

1.9

0.5

7.0

19.5

25.0

14.9

0.74

EQUITY – LARGE & MID CAP FUNDS

Mirae Asset Large & Midcap Fund

137.6

36507

1.6

0.7

5.0

15.5

24.5

17.1

0.78

EQUITY – TAX SAVING (ELSS) FUNDS

Motilal Oswal ELSS Tax Saver Fund

45.5

3897

1.9

0.7

6.5

24.4

26.5

16.2

0.62

EQUITY – MID CAP FUNDS

Nippon India Growth Fund

3764.8

34690

1.6

0.7

10.7

25.2

33.4

17.1

0.97

EQUITY – LARGE CAP FUNDS

Nippon India Large Cap Fund

84.7

39677

1.6

0.7

8.3

21.1

27.6

13.8

0.91

EQUITY – VALUE FUNDS

Nippon India Value Fund

210.4

8383

1.8

1.1

8.3

22.6

29.9

15.4

0.92

EQUITY – FLEXI CAP FUNDS

PGIM India Flexi Cap Fund

33.9

6143

1.8

0.4

9.0

12.8

23.6

13.3

0.76

EQUITY – FOCUSED FUNDS

Quant Focused Fund

79.5

1021

2.2

0.7

-4.7

14.7

23.8

13.8

0.72

EQUITY – SECTOR – BANKING FUNDS

SBI Banking & Financial Services Fund

39.3

7650

1.8

0.8

16.7

20.4

23.9

15.5

0.66

EQUITY – THEMATIC – CONSUMPTION FUNDS

SBI Consumption Opportunities Fund

299.5

3028

2.0

0.9

7.4

17.6

28.6

15.5

0.88

EQUITY – SECTOR – IT FUNDS

Tata Digital India Fund

44.4

11037

1.7

0.5

8.3

10.4

27.8

–

0.70

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Tata Infrastructure Fund

155.5

2056

2.1

1.2

-8.9

20.7

30.5

14.1

0.78

EQUITY – FLEXI CAP FUNDS

Union Flexi Cap Fund

47.7

2227

2.1

1.0

6.0

15.8

23.0

11.7

0.75

EQUITY – SECTOR – BANKING FUNDS

Aditya Birla SL Bank & Fin Serv

57.2

3439

2.0

1.1

12.3

18.5

24.6

13.6

0.66

EQUITY – SECTOR – IT FUNDS

Aditya Birla Sun Life Digital India Fund

158.2

4540

1.9

0.9

6.9

9.5

26.8

17.0

0.69

EQUITY – DIVIDEND YIELD FUNDS

Aditya Birla Sun Life Dividend Yield Fund

411.9

1416

2.2

1.4

2.7

20.2

26.0

11.7

0.84

EQUITY – FLEXI CAP FUNDS

Aditya Birla Sun Life Flexi Cap Fund

1683.8

22414

1.7

0.9

11.9

17.3

23.5

13.7

0.76

EQUITY – FOCUSED FUNDS

Aditya Birla Sun Life Focused Fund

134.3

7595

1.8

0.9

12.0

16.7

22.1

12.4

0.77

EQUITY – LARGE CAP FUNDS

Aditya Birla Sun Life Frontline Equity Fund

500.3

29220

1.7

1.0

11.0

16.7

23.0

12.2

0.81

EQUITY – THEMATIC – CONSUMPTION FUNDS

Aditya Birla Sun Life India GenNext Fund

204.6

5967

1.9

0.8

9.4

17.8

23.2

14.9

0.73

HYBRID – CONSERVATIVE HYBRID FUNDS

Aditya Birla Sun Life Regular Savings Fund

65.2

1373

1.9

1.0

10.2

9.2

12.5

8.6

1.24

HYBRID – CONSERVATIVE HYBRID FUNDS

Axis Conservative Hybrid Fund

29.6

275

2.2

0.9

9.3

7.8

9.1

7.0

0.77

HYBRID – EQUITY SAVINGS FUNDS

Axis Equity Savings Fund

21.6

942

2.3

1.0

8.2

10.3

12.0

–

0.78

EQUITY – MID CAP FUNDS

Axis Midcap Fund

102.8

28809

1.6

0.6

9.4

18.4

24.1

15.4

0.70

HYBRID – BALANCED ADVANTAGE FUNDS

Bandhan Balanced Advantage Fund

23.3

2254

2.0

0.7

7.7

11.2

12.7

8.2

0.63

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Bandhan Infrastructure Fund

46.0

1577

2.1

0.9

2.4

26.9

35.8

15.0

0.84

EQUITY – LARGE CAP FUNDS

Bandhan Large Cap Fund

72.0

1828

2.1

0.9

9.9

16.9

21.2

11.6

0.71

HYBRID – CONSERVATIVE HYBRID FUNDS

Baroda BNP Paribas Conser Hybrid

43.8

748

2.0

0.6

7.4

9.0

8.4

7.2

0.70

EQUITY – TAX SAVING (ELSS) FUNDS

Baroda BNP Paribas ELSS Tax Saver Fund

88.6

886

2.2

1.0

8.1

18.2

21.1

12.0

0.66

EQUITY – MID CAP FUNDS

Baroda BNP Paribas Mid Cap Fund

92.9

2037

2.0

0.6

6.5

19.5

28.0

15.0

0.83

HYBRID – CONSERVATIVE HYBRID FUNDS

Canara Robeco Conservative Hybrid Fund

94.7

944

1.8

0.7

8.9

8.8

9.6

7.9

0.92

EQUITY – LARGE & MID CAP FUNDS

Canara Robeco Emerging Equities

236.6

24041

1.6

0.6

10.3

17.2

24.3

15.5

0.77

HYBRID – AGGRESSIVE HYBRID FUNDS

Canara Robeco Equity Hybrid Fund

341.7

10655

1.7

0.6

9.9

14.3

17.8

12.1

0.76

EQUITY – FLEXI CAP FUNDS

Canara Robeco Flexi Cap Fund

315.5

12609

1.7

0.6

9.3

15.5

21.3

13.1

0.72

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Canara Robeco Infrastructure Fund

145.9

837

2.3

1.1

8.3

26.5

33.2

15.0

0.90

HYBRID – AGGRESSIVE HYBRID FUNDS

DSP Aggressive Hybrid Fund

347.5

10425

1.8

0.7

17.0

17.7

20.0

12.8

0.80

HYBRID – BALANCED ADVANTAGE FUNDS

DSP Dynamic Asset Allocation Fund

26.8

3217

1.9

0.7

11.6

12.3

12.6

8.9

0.79

EQUITY – FLEXI CAP FUNDS

DSP Flexi Cap Fund

96.5

11154

1.7

0.7

10.9

18.5

23.0

13.9

0.70

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

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

283.6

4880

1.9

0.9

-1.1

26.7

34.7

15.6

0.90

EQUITY – LARGE & MID CAP FUNDS

DSP Large & Mid Cap Fund

587.4

13784

1.7

0.7

12.7

21.8

26.5

15.4

0.87

EQUITY – SMALL CAP FUNDS

DSP Small Cap Fund

170.2

14269

1.7

0.9

4.4

16.7

32.5

16.0

0.82

EQUITY – FLEXI CAP FUNDS

Edelweiss Flexi Cap Fund

35.5

2542

2.0

0.5

10.2

19.3

24.7

14.2

0.78

EQUITY – LARGE & MID CAP FUNDS

Edelweiss Large & Mid Cap Fund

79.7

3732

1.9

0.4

10.0

18.3

24.6

13.9

0.77

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Franklin Build India Fund

130.0

2726

2.0

1.0

2.5

29.2

35.3

16.5

0.95

EQUITY – TAX SAVING (ELSS) FUNDS

Franklin India ELSS Tax Saver Fund

1410.1

6592

1.9

1.1

10.1

20.8

27.9

13.2

0.87

HYBRID – AGGRESSIVE HYBRID FUNDS

Franklin India Equity Hybrid Fund

260.0

2131

2.1

1.0

9.6

16.4

20.6

11.5

0.88

EQUITY – FOCUSED FUNDS

Franklin India Focused Equity Fund

101.5

11968

1.8

1.1

7.0

18.7

26.8

13.4

0.81

EQUITY – TAX SAVING (ELSS) FUNDS

HDFC ELSS Tax saver

1334.5

16232

1.7

1.1

13.6

23.5

28.5

13.3

1.09

HYBRID – EQUITY SAVINGS FUNDS

HDFC Equity Savings Fund

64.1

5430

1.9

0.9

7.0

10.5

13.6

9.5

1.03

HYBRID – AGGRESSIVE HYBRID FUNDS

HDFC Hybrid Equity Fund

113.8

23851

1.7

1.1

9.0

14.3

20.5

10.6

0.94

EQUITY – LARGE CAP FUNDS

HDFC Large Cap Fund

1093.3

37315

1.6

1.0

7.7

18.1

24.7

12.7

0.85

HYBRID – CONSERVATIVE HYBRID FUNDS

HSBC Conservative Hybrid Fund

59.7

143

2.2

1.4

10.1

10.4

9.7

7.6

0.68

EQUITY – FLEXI CAP FUNDS

HSBC Flexi Cap Fund

200.4

4700

2.0

1.2

8.9

18.6

24.3

12.2

0.69

EQUITY – LARGE CAP FUNDS

HSBC Large Cap Fund

447.0

1809

2.1

1.2

6.8

16.1

20.4

11.8

0.65

EQUITY – SMALL CAP FUNDS

HSBC Small Cap Fund

72.9

14737

1.7

0.7

-0.5

19.8

35.3

18.2

0.80

EQUITY – VALUE FUNDS

HSBC Value Fund

100.0

13095

1.7

0.8

7.6

22.9

29.5

15.8

0.90

EQUITY – SECTOR – BANKING FUNDS

ICICI Prudential Banking & Financial Services Fund

126.8

9375

1.8

1.0

18.2

24.6

13.7

0.70

EQUITY – TAX SAVING (ELSS) FUNDS

ICICI Pru Long Term Equity

878.2

14121

1.7

1.1

10.2

16.9

24.2

12.8

0.83

EQUITY – MID CAP FUNDS

ICICI Prudential Midcap Fund

263.9

5932

1.9

1.2

6.5

21.2

30.9

14.6

0.88

HYBRID – BALANCED ADVANTAGE FUNDS

Invesco India Balanced Advantage Fund

51.6

965

2.1

0.8

7.8

14.0

14.3

9.4

0.69

EQUITY – TAX SAVING (ELSS) FUNDS

Invesco India ELSS Tax Saver Fund

116.6

2721

1.9

0.8

8.8

17.1

21.6

13.2

0.64

EQUITY – LARGE & MID CAP FUNDS

Invesco India Large & Mid Cap Fund

88.7

6765

1.8

0.7

15.3

23.4

25.2

14.7

0.73

EQUITY – LARGE CAP FUNDS

Invesco India Largecap Fund

65.0

1424

2.1

0.8

8.9

17.4

21.7

12.4

0.70

EQUITY – MID CAP FUNDS

Invesco India Midcap Fund

154.9

6047

1.8

0.7

17.0

25.3

29.9

16.7

0.81

EQUITY – FOCUSED FUNDS

JM Focused Fund

18.4

260

2.4

0.7

0.9

20.0

22.5

12.5

0.62

EQUITY – TAX SAVING (ELSS) FUNDS

Kotak ELSS Tax Saver Fund

108.4

6077

1.8

0.7

4.1

17.2

24.1

13.8

0.77

EQUITY – FLEXI CAP FUNDS

Kotak Flexicap Fund

79.1

50812

1.5

0.7

9.2

17.7

22.4

13.7

0.74

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Kotak Infra & Economic Reform

58.6

2181

2.0

0.7

-2.4

23.2

32.5

14.8

0.83

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

LIC MF Infrastructure Fund

43.1

887

2.2

0.6

6.8

26.3

31.7

13.9

0.81

EQUITY – LARGE & MID CAP FUNDS

LIC MF Large & Midcap Fund

35.8

2894

1.9

0.6

9.7

16.4

23.1

14.2

0.73

EQUITY – SMALL CAP FUNDS

LIC MF Small Cap Fund

27.1

518

2.4

1.0

3.4

17.9

31.5

–

0.76

EQUITY – TAX SAVING (ELSS) FUNDS

Mahindra Manulife ELSS Tax Saver Fund

26.9

924

2.2

0.6

6.7

16.0

23.6

–

0.78

HYBRID – EQUITY SAVINGS FUNDS

Mahi Manu Eq Sav Dhan San Yojana

19.9

563

2.4

0.7

5.9

9.5

13.4

–

0.84

HYBRID – AGGRESSIVE HYBRID FUNDS

Mirae Asset Aggressive Hybrid Fund

30.4

8682

1.7

0.5

9.6

13.7

18.2

–

0.77

EQUITY – LARGE CAP FUNDS

Mirae Asset Large Cap Fund

106.4

37778

1.6

0.7

10.8

13.7

20.7

13.1

0.72

EQUITY – SECTOR – BANKING FUNDS

Nippon India Banking & Financial Services Fund

592.2

6967

1.9

1.0

15.5

21.2

29.2

13.1

0.79

EQUITY – FOCUSED FUNDS

Nippon India Focused Equity Fund

112.5

8193

1.9

1.2

8.6

15.4

25.7

13.4

0.84

EQUITY – TAX SAVING (ELSS) FUNDS

PGIM India ELSS Tax Saver Fund

33.2

764

2.3

0.8

11.1

13.8

23.4

–

0.80

EQUITY – LARGE CAP FUNDS

SBI Blue Chip Fund

87.9

51010

1.5

0.8

10.2

15.8

22.4

12.4

0.82

HYBRID – AGGRESSIVE HYBRID FUNDS

SBI Equity Hybrid Fund

287.0

74036

1.4

0.7

13.1

13.8

18.6

11.8

0.85

HYBRID – EQUITY SAVINGS FUNDS

SBI Equity Savings Fund

23.1

5443

1.4

0.9

7.8

10.9

13.5

–

0.90

EQUITY – FOCUSED FUNDS

SBI Focused Equity Fund

330.4

36041

1.6

0.8

10.9

14.9

21.7

14.2

0.74

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

SBI Infrastructure Fund

46.9

4872

1.9

1.0

2.3

24.7

30.9

15.4

0.96

EQUITY – LARGE & MID CAP FUNDS

SBI Large & Midcap Fund

575.5

30133

1.6

0.8

10.4

18.2

26.9

14.4

0.95

EQUITY – MID CAP FUNDS

SBI Magnum Midcap Fund

222.2

21512

1.7

0.8

8.4

18.5

31.5

14.7

1.03

EQUITY – SMALL CAP FUNDS

SBI Small Cap Fund

157.8

31790

1.6

0.7

2.1

16.4

29.5

18.3

0.88

HYBRID – AGGRESSIVE HYBRID FUNDS

Sundaram Aggressive Hybrid Fund

155.4

5924

1.8

0.8

9.7

14.1

18.9

12.2

0.81

HYBRID – BALANCED ADVANTAGE FUNDS

Sundaram Balanced Advantage Fund

34.1

1537

2.1

0.7

8.8

11.8

7.6

0.61

EQUITY – FOCUSED FUNDS

Sundaram Focused Fund

150.0

1058

2.3

1.4

4.9

14.6

20.9

12.8

0.66

EQUITY – SECTOR – BANKING FUNDS

Tata Banking and Financial Services Fund

40.7

2752

1.9

0.5

17.8

21.2

22.2

–

0.64

EQUITY – VALUE FUNDS

Tata Equity P/E Fund

324.3

8228

1.8

0.8

4.4

20.2

24.5

14.2

0.83

HYBRID – EQUITY SAVINGS FUNDS

Tata Equity Savings Fund

54.0

262

1.1

0.5

9.3

9.9

11.3

7.2

1.06

EQUITY – THEMATIC – CONSUMPTION FUNDS

Tata India Consumer Fund

41.3

2325

2.0

0.8

9.6

19.6

22.9

–

0.65

EQUITY – LARGE & MID CAP FUNDS

Tata Large & Mid Cap Fund

494.0

8294

1.8

0.7

5.1

17.3

23.1

13.3

0.84

EQUITY – LARGE CAP FUNDS

Tata Large Cap Fund

476.6

2539

2.0

1.0

6.6

15.5

22.3

11.7

0.79

EQUITY – MID CAP FUNDS

Tata Mid Cap Growth Fund

393.7

4505

1.9

0.7

3.9

20.7

27.6

14.9

0.83

EQUITY – MID CAP FUNDS

Taurus Mid Cap Fund

110.3

120

2.6

2.2

-2.5

17.0

23.5

14.3

0.64

EQUITY – VALUE FUNDS

Templeton India Value Fund

681.9

2195

2.1

1.3

5.0

20.7

31.9

14.3

1.04

EQUITY – TAX SAVING (ELSS) FUNDS

Union ELSS Tax Saver Fund

59.7

872

2.3

1.4

5.1

15.7

23.3

11.5

0.77

EQUITY – SMALL CAP FUNDS

Union Small Cap Fund

42.6

1468

2.2

1.0

1.8

16.1

29.9

13.5

0.72

HYBRID – AGGRESSIVE HYBRID FUNDS

UTI Aggressive Hybrid Fund

386.6

6122

1.9

1.2

11.6

17.6

23.1

12.0

1.03

HYBRID – CONSERVATIVE HYBRID FUNDS

UTI Conservative Hybrid Fund

68.0

1666

1.8

1.2

10.8

10.5

12.2

8.3

1.18

EQUITY – TAX SAVING (ELSS) FUNDS

UTI ELSS Tax Saver Fund

194.1

3689

1.9

0.9

7.7

14.3

21.8

11.9

0.68

EQUITY – LARGE & MID CAP FUNDS

UTI Large & Mid Cap Fund

166.5

4349

1.9

0.9

11.9

22.1

29.4

13.2

0.96

EQUITY – LARGE CAP FUNDS

UTI Large Cap Fund

261.6

12608

1.8

1.0

9.1

13.6

20.6

11.4

0.70

EQUITY – MID CAP FUNDS

UTI Mid Cap Fund

272.9

10923

1.8

0.9

5.8

17.1

27.0

13.7

0.76

EQUITY – VALUE FUNDS

UTI Value Fund

157.1

9573

1.8

1.1

13.0

19.6

25.4

12.7

0.88

HYBRID – AGGRESSIVE HYBRID FUNDS

Aditya Birla Sun Life Equity Hybrid ’95 Fund

1445.2

7319

1.9

1.1

9.2

12.7

18.8

10.3

0.74

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Aditya Birla Sun Life Infrastructure Fund

85.1

1065

2.3

1.5

-1.1

22.8

31.8

12.7

0.78

EQUITY – LARGE CAP FUNDS

Axis Bluechip Fund

57.9

33218

1.6

0.7

7.3

12.5

16.7

12.0

0.53

HYBRID – AGGRESSIVE HYBRID FUNDS

Bandhan Aggressive Hybrid Fund

24.0

846

2.3

1.0

11.9

14.8

20.0

–

0.78

EQUITY – FLEXI CAP FUNDS

Bandhan Flexi Cap Fund

195.4

7179

1.9

1.2

8.4

16.6

21.2

10.7

0.69

HYBRID – BALANCED ADVANTAGE FUNDS

Bank of India Balanced Advantage Fund

23.7

132

2.3

1.2

2.2

10.5

11.9

6.9

0.52

EQUITY – LARGE & MID CAP FUNDS

BOI Large & Mid Cap Equity Fund

80.6

362

2.3

1.1

2.2

17.0

22.6

11.6

0.68

EQUITY – SECTOR – BANKING FUNDS

Baroda BNP Paribas Bank&Fin Serv

45.3

257

2.4

0.8

16.5

19.7

21.9

11.3

0.58

HYBRID – EQUITY SAVINGS FUNDS

DSP Equity Savings Fund

21.5

2517

1.3

0.4

11.3

10.6

13.1

–

1.21

EQUITY – FOCUSED FUNDS

DSP Focused Fund

51.4

2447

2.0

1.0

13.1

18.8

22.1

11.9

0.75

EQUITY – MID CAP FUNDS

DSP Midcap Fund

133.2

17204

1.7

0.7

8.2

17.6

22.5

14.6

0.64

HYBRID – CONSERVATIVE HYBRID FUNDS

DSP Regular Savings Fund

57.9

167

1.1

0.5

11.3

10.4

7.3

1.06

EQUITY – TAX SAVING (ELSS) FUNDS

Edelweiss Long Term Equity

102.5

395

2.3

0.7

8.5

16.5

22.1

11.3

0.70

EQUITY – LARGE CAP FUNDS

Franklin India Bluechip Fund

970.3

7600

1.9

1.2

11.1

15.0

21.9

10.9

0.72

HYBRID – CONSERVATIVE HYBRID FUNDS

Franklin India Debt Hybrid Fund

88.8

201

1.4

0.7

9.1

10.1

9.8

7.5

0.93

EQUITY – MID CAP FUNDS

Franklin India Prima Fund

2550.2

11762

1.8

1.1

13.3

24.3

28.4

14.8

0.80

EQUITY – SMALL CAP FUNDS

Franklin India Smaller Companies Fund

158.0

12530

1.8

1.0

1.2

23.4

34.8

15.5

0.86

EQUITY – SMALL CAP FUNDS

HDFC Small Cap Fund

121.4

30880

1.6

0.9

1.3

21.5

34.3

17.2

0.90

EQUITY – VALUE FUNDS

HDFC Value Fund

689.8

7116

1.9

1.1

10.4

19.7

26.6

13.5

0.87

HYBRID – AGGRESSIVE HYBRID FUNDS

HSBC Aggressive Hybrid Fund

50.4

5125

1.9

0.9

4.4

13.5

17.2

10.4

0.55

EQUITY – TAX SAVING (ELSS) FUNDS

HSBC ELSS Tax saver Fund

122.6

3917

1.9

1.1

9.3

19.5

23.4

13.0

0.68

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

HSBC Infrastructure Fund

42.9

2250

2.1

1.0

1.8

24.3

31.4

15.1

0.78

EQUITY – MID CAP FUNDS

HSBC Midcap Fund

345.6

10724

1.7

0.7

6.7

22.2

26.3

15.4

0.66

HYBRID – EQUITY SAVINGS FUNDS

ICICI Prudential Equity Savings Fund

22.1

13046

1.0

0.5

9.0

8.5

11.1

8.1

1.30

EQUITY – THEMATIC – CONSUMPTION FUNDS

ICICI Prudential FMCG Fund

470.9

2001

2.1

1.3

1.8

12.7

17.9

11.9

0.59

EQUITY – SECTOR – BANKING FUNDS

LIC MF Banking & Financial Services Fund

19.4

264

2.4

1.1

6.2

16.0

19.1

7.3

0.53

EQUITY – TAX SAVING (ELSS) FUNDS

LIC MF ELSS Tax Saver

145.3

1088

2.2

1.0

12.3

16.8

21.7

11.5

0.73

EQUITY – FLEXI CAP FUNDS

LIC MF Flexi Cap Fund

86.4

927

2.3

1.3

-1.0

12.3

16.2

8.2

0.49

EQUITY – LARGE CAP FUNDS

LIC MF Large Cap Fund

53.2

1437

2.1

1.0

9.1

12.9

18.2

10.2

0.59

HYBRID – BALANCED ADVANTAGE FUNDS

Motilal Oswal Balanced Advantage Fund

18.2

904

2.3

1.0

-5.3

8.2

9.4

–

0.24

EQUITY – FOCUSED FUNDS

Motilal Oswal Focused Fund

38.1

1399

2.2

1.0

-5.9

8.8

13.7

9.3

0.35

EQUITY – LARGE & MID CAP FUNDS

Navi Large & Midcap Fund

33.0

295

2.3

0.4

7.9

13.5

22.4

–

0.71

EQUITY – LARGE & MID CAP FUNDS

Nippon India Vision Fund

1366.0

5719

2.0

1.3

11.4

21.4

27.8

12.3

0.89

EQUITY – TAX SAVING (ELSS) FUNDS

Quantum ELSS Tax Saver Fund

118.4

216

2.0

0.9

8.9

18.2

24.3

12.3

0.95

EQUITY – VALUE FUNDS

Quantum Value Fund

119.3

1157

2.0

1.1

9.2

18.2

24.5

12.2

0.95

EQUITY – FLEXI CAP FUNDS

SBI Flexicap Fund

103.0

21661

1.7

0.9

5.6

13.1

21.4

12.7

0.73

EQUITY – SECTOR – IT FUNDS

SBI Technology Opportunities Fund

199.3

4225

1.9

0.9

17.2

13.7

26.7

16.1

0.75

EQUITY – TAX SAVING (ELSS) FUNDS

Sundaram ELSS Tax Saver Fund

479.6

1328

2.3

1.7

7.5

16.3

23.9

13.5

0.82

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Sundaram Infrastructure Advantage Fund

87.0

901

2.5

2.3

3.2

21.3

30.7

13.6

0.82

EQUITY – LARGE & MID CAP FUNDS

Sundaram Large and Mid Cap Fund

79.3

6550

1.8

0.9

6.9

16.5

23.9

13.7

0.72

EQUITY – MID CAP FUNDS

Sundaram Mid Cap Fund

1253.0

11690

1.7

0.9

10.7

24.2

29.5

14.6

0.84

EQUITY – TAX SAVING (ELSS) FUNDS

Tata ELSS Tax Saver Fund

41.4

4405

1.8

0.7

9.8

16.7

22.8

13.9

0.74

HYBRID – AGGRESSIVE HYBRID FUNDS

Tata Hybrid Equity Fund

418.3

4012

1.9

1.0

6.4

13.2

18.5

9.8

0.79

EQUITY – LARGE CAP FUNDS

Union Largecap Fund

22.3

442

2.5

1.3

3.4

13.6

20.2

–

0.68

EQUITY – DIVIDEND YIELD FUNDS

UTI Dividend Yield Fund

165.1

3928

2.0

1.4

11.0

18.4

25.0

13.4

0.87

EQUITY – FLEXI CAP FUNDS

UTI Flexi Cap Fund

306.2

25190

1.7

1.1

13.3

11.1

20.0

12.0

0.59

EQUITY – THEMATIC – CONSUMPTION FUNDS

UTI India Consumer Fund

54.2

684

2.4

1.5

5.6

15.3

19.3

10.7

0.56

EQUITY – TAX SAVING (ELSS) FUNDS

Aditya Birla Sun Life ELSS Tax Saver Fund

55.5

14818

1.7

1.0

7.5

13.4

15.5

10.2

0.51

EQUITY – LARGE & MID CAP FUNDS

Aditya Birla Sun Life Equity Advantage Fund

837.0

5491

1.9

1.2

5.6

13.2

20.7

11.6

0.55

HYBRID – EQUITY SAVINGS FUNDS

Aditya Birla Sun Life Equity Savings Fund

21.5

629

1.1

0.6

8.0

8.9

10.9

7.7

0.66

EQUITY – MID CAP FUNDS

Aditya Birla Sun Life Midcap Fund

720.7

5646

1.9

1.1

8.8

18.6

28.7

13.4

0.82

EQUITY – VALUE FUNDS

Aditya Birla Sun Life Pure Value Fund

113.9

5826

1.9

1.1

1.7

19.3

26.4

12.3

0.70

EQUITY – SMALL CAP FUNDS

Aditya Birla Sun Life Small Cap Fund

76.8

4531

1.9

1.0

2.1

16.7

28.8

12.7

0.70

EQUITY – TAX SAVING (ELSS) FUNDS

Axis ELSS Tax Saver Fund

91.0

34950

1.5

0.8

8.2

13.6

17.8

11.8

0.49

EQUITY – FOCUSED FUNDS

Axis Focused Fund

51.8

12665

1.7

0.8

7.3

10.0

16.1

11.9

0.44

HYBRID – CONSERVATIVE HYBRID FUNDS

Bandhan Conservative Hybrid Fund

31.7

116

2.0

1.1

8.8

7.9

7.6

6.8

0.61

EQUITY – FOCUSED FUNDS

Bandhan Focused Equity Fund

80.6

1764

2.1

0.9

13.0

18.1

21.1

11.6

0.66

EQUITY – LARGE CAP FUNDS

DSP Large Cap Fund

456.7

5070

1.9

1.0

15.1

20.3

22.3

11.7

0.83

EQUITY – LARGE & MID CAP FUNDS

Franklin India Equity Advantage Fund

176.6

3375

2.1

1.4

11.6

16.4

25.8

11.3

0.79

EQUITY – SECTOR – IT FUNDS

Franklin India Technology Fund

474.1

1759

2.1

1.0

4.9

17.7

24.8

15.8

0.68

EQUITY – LARGE CAP FUNDS

Groww Largecap Fund

39.9

124

2.4

1.0

3.4

14.4

18.4

11.0

0.59

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

HDFC Infrastructure Fund

43.9

2392

2.0

1.0

3.1

30.5

36.2

10.8

0.91

HYBRID – AGGRESSIVE HYBRID FUNDS

LIC MF Aggressive Hybrid Fund

184.6

506

2.5

1.4

7.8

13.2

14.9

8.1

0.57

EQUITY – MID CAP FUNDS

LIC MF Midcap Fund

26.6

306

2.5

1.3

8.4

20.2

26.4

–

0.69

EQUITY – FLEXI CAP FUNDS

Motilal Oswal Flexi Cap Fund

57.5

12418

1.7

0.9

17.9

23.6

22.9

13.5

0.62

EQUITY – TAX SAVING (ELSS) FUNDS

Nippon India ELSS Tax Saver Fund

119.5

14782

1.7

1.0

6.8

18.3

26.0

10.1

0.80

HYBRID – AGGRESSIVE HYBRID FUNDS

Nippon India Equity Hybrid Fund

99.2

3811

2.0

1.1

8.4

16.3

21.6

9.8

0.92

HYBRID – EQUITY SAVINGS FUNDS

Nippon India Equity Savings Fund

15.6

702

1.8

0.7

6.0

8.8

10.6

–

0.82

HYBRID – CONSERVATIVE HYBRID FUNDS

Nippon India Hybrid Bond Fund

56.6

840

1.9

1.1

8.6

8.8

9.1

5.5

1.19

EQUITY – LARGE CAP FUNDS

PGIM India Large Cap Fund

324.6

593

2.4

0.9

7.3

13.9

18.2

10.2

0.62

EQUITY – THEMATIC – CONSUMPTION FUNDS

Sundaram Consumption Fund

93.5

1532

2.2

1.3

13.3

20.6

22.7

14.3

0.72

EQUITY – DIVIDEND YIELD FUNDS

Sundaram Dividend Yield Fund

129.0

881

2.3

1.2

4.2

16.6

23.3

14.2

0.83

EQUITY – SMALL CAP FUNDS

Sundaram Small Cap Fund

231.8

3058

2.0

0.9

3.5

19.8

33.2

13.3

0.82

EQUITY – FLEXI CAP FUNDS

Taurus Flexi Cap Fund

211.3

347

2.6

2.5

14.2

19.6

9.0

0.61

EQUITY – SECTOR – BANKING FUNDS

UTI Banking and Financial Services Fund

177.7

1264

2.2

1.1

15.1

19.2

23.7

10.8

0.65

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

UTI Infrastructure Fund

133.3

2139

2.2

1.8

4.2

22.5

27.9

12.1

0.80

HYBRID – BALANCED ADVANTAGE FUNDS

UTI-Unit Linked Insurance Plan

41.0

5449

1.6

1.0

12.4

9.5

12.3

8.0

0.78

EQUITY – THEMATIC – MNC FUNDS

Aditya Birla Sun Life MNC Fund

–

1222.6

3417

2.0

1.4

2.0

10.8

12.7

7.9

0.39

HYBRID – AGGRESSIVE HYBRID FUNDS

Axis Aggressive Hybrid Fund

–

19.6

1549

2.2

1.1

11.1

11.2

15.8

–

0.60

HYBRID – BALANCED ADVANTAGE FUNDS

Axis Balanced Advantage Fund

–

20.4

2935

2.0

0.8

13.8

14.8

14.3

–

0.83

EQUITY – FLEXI CAP FUNDS

Axis Flexi Cap Fund

–

24.7

12353

1.7

0.7

8.5

13.9

18.3

–

0.53

EQUITY – LARGE & MID CAP FUNDS

Axis Growth Opportunities Fund

–

30.0

13755

1.7

0.6

7.6

17.1

24.2

–

0.71

HYBRID – EQUITY SAVINGS FUNDS

Bandhan Equity Savings Fund

–

30.7

287

1.1

0.2

7.8

7.9

9.6

6.6

1.09

HYBRID – CONSERVATIVE HYBRID FUNDS

Bank of India Conservative Hybrid Fund

–

33.3

2.1

1.1

3.9

7.5

12.1

7.5

1.08

EQUITY – SMALL CAP FUNDS

Bank of India Small Cap Fund

–

41.5

1574

2.0

0.5

3.8

20.0

33.8

–

0.81

HYBRID – BALANCED ADVANTAGE FUNDS

Baroda BNP Paribas Balanced Advantage Fund

–

22.9

4155

1.9

0.8

7.2

14.3

17.1

–

0.79

EQUITY – FOCUSED FUNDS

Baroda BNP Paribas Focused Fund

–

20.7

670

2.3

0.5

2.1

15.1

19.9

–

0.57

EQUITY – THEMATIC – CONSUMPTION FUNDS

Baroda BNP Paribas India Consumption Fund

–

30.0

1431

2.1

0.7

9.1

18.4

22.0

–

0.68

EQUITY – MULTI CAP FUNDS

Baroda BNP Paribas Multi Cap Fund

–

263.6

2705

2.0

1.0

5.9

18.9

26.6

13.3

0.76

EQUITY – SMALL CAP FUNDS

Canara Robeco Small Cap Fund

–

34.9

11475

1.7

0.5

3.7

15.5

33.9

–

0.90

EQUITY – SECTOR – PHARMA FUNDS

DSP Healthcare Fund

–

36.1

3019

1.9

0.6

11.9

21.5

23.1

–

0.79

HYBRID – AGGRESSIVE HYBRID FUNDS

Edelweiss Aggressive Hybrid Fund

–

60.4

2612

1.9

0.4

11.4

17.9

22.0

12.3

0.97

EQUITY – SMALL CAP FUNDS

Edelweiss Small Cap Fund

–

39.4

4237

1.8

0.4

5.8

20.2

33.7

–

0.91

HYBRID – EQUITY SAVINGS FUNDS

Franklin India Equity Savings Fund

–

16.1

672

1.1

0.4

7.6

8.9

11.6

–

0.82

HYBRID – AGGRESSIVE HYBRID FUNDS

Groww Aggressive Hybrid Fund

–

19.8

2.3

0.9

4.2

12.7

16.8

–

0.67

EQUITY – TAX SAVING (ELSS) FUNDS

Groww ELSS Tax Saver Fund

–

18.3

2.3

0.6

1.4

14.0

18.3

–

0.56

EQUITY – VALUE FUNDS

Groww Value Fund

–

25.1

2.3

0.9

6.9

16.6

21.8

–

0.74

HYBRID – BALANCED ADVANTAGE FUNDS

HDFC Balanced Advantage Fund

–

496.4

97461

1.4

0.9

8.0

20.5

26.3

14.5

1.12

EQUITY – LARGE & MID CAP FUNDS

HSBC Large & Mid Cap Fund

–

24.1

3906

1.9

0.9

5.7

18.9

24.2

–

0.60

EQUITY – TAX SAVING (ELSS) FUNDS

HSBC Tax Saver Equity Fund

–

87.1

235

2.5

1.6

13.5

19.2

24.5

13.0

0.70

EQUITY – MULTI CAP FUNDS

ICICI Prudential Multicap Fund

–

744.2

14505

1.7

0.9

8.9

21.7

27.5

14.3

0.90

EQUITY – SECTOR – PHARMA FUNDS

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

–

36.6

5295

1.9

1.1

22.5

25.2

24.7

–

0.88

EQUITY – SMALL CAP FUNDS

ICICI Prudential Smallcap Fund

–

78.0

7605

1.8

0.8

0.2

17.5

33.9

14.0

1.00

HYBRID – AGGRESSIVE HYBRID FUNDS

Invesco India Aggressive Hybrid Fund

–

21.5

653

2.4

0.8

12.0

17.2

18.3

–

0.70

EQUITY – CONTRA FUNDS

Invesco India Contra Fund

–

125.9

18046

1.7

0.6

12.8

21.2

25.8

15.6

0.83

HYBRID – EQUITY SAVINGS FUNDS

Invesco India Equity Savings Fund

–

16.4

404

2.3

0.7

8.7

10.9

10.2

–

0.60

EQUITY – MULTI CAP FUNDS

Invesco India Multicap Fund

–

121.2

3782

1.9

0.7

9.1

19.9

24.9

13.6

0.71

EQUITY – SMALL CAP FUNDS

Invesco India Smallcap Fund

–

36.7

6200

1.8

0.4

10.3

24.1

33.3

–

0.84

HYBRID – BALANCED ADVANTAGE FUNDS

Kotak Balanced Advantage Fund

–

19.8

16988

1.7

0.6

10.2

12.5

15.1

–

0.92

EQUITY – CONTRA FUNDS

Kotak India EQ Contra Fund

–

138.0

4072

1.9

0.6

5.8

21.0

26.7

14.7

0.89

HYBRID – CONSERVATIVE HYBRID FUNDS

LIC MF Conservative Hybrid Fund

–

80.3

2.3

1.2

7.8

7.0

6.8

6.4

0.55

EQUITY – DIVIDEND YIELD FUNDS

LIC MF Dividend Yield Fund

–

28.1

509

2.4

0.7

8.7

20.1

25.0

–

0.78

HYBRID – EQUITY SAVINGS FUNDS

LIC MF Equity Savings Fund

–

26.7

2.3

1.3

8.8

9.4

10.8

6.7

0.62

EQUITY – FOCUSED FUNDS

LIC MF Focused Fund

–

19.7

132

2.5

1.6

5.7

12.0

18.8

–

0.62

EQUITY – SECTOR – PHARMA FUNDS

LIC MF Healthcare Fund

–

27.4

2.5

1.2

16.4

17.4

16.7

–

0.57

EQUITY – VALUE FUNDS

LIC MF Value Fund

–

21.7

153

2.4

1.0

2.2

13.8

21.3

–

0.58

EQUITY – THEMATIC – CONSUMPTION FUNDS

Mahindra Manulife Consumption Fund

–

21.4

479

2.4

0.7

4.6

17.9

21.1

–

0.66

EQUITY – LARGE CAP FUNDS

Mahindra Manulife Large Cap Fund

–

22.2

651

2.4

0.7

8.9

15.0

21.1

–

0.74

EQUITY – MID CAP FUNDS

Mahindra Manulife Mid Cap Fund

–

30.7

3553

1.9

0.5

6.8

23.7

30.1

–

0.83

EQUITY – MULTI CAP FUNDS

Mahindra Manulife Multi Cap Fund

–

32.3

5094

1.8

0.4

6.6

18.8

27.8

–

0.78

HYBRID – EQUITY SAVINGS FUNDS

Mirae Asset Equity Savings Fund

–

19.5

1360

1.4

0.4

9.4

11.2

14.1

–

1.02

EQUITY – SECTOR – PHARMA FUNDS

Mirae Asset Healthcare Fund

–

35.7

2667

2.0

0.6

17.5

19.7

21.7

–

0.74

HYBRID – AGGRESSIVE HYBRID FUNDS

Navi Aggressive Hybrid Fund

–

19.2

116

2.3

0.4

7.0

12.6

16.2

–

0.69

EQUITY – TAX SAVING (ELSS) FUNDS

Navi ELSS Tax Saver Fund

–

27.4

2.3

0.4

5.6

13.5

19.5

–

0.63

EQUITY – FLEXI CAP FUNDS

Navi Flexi Cap Fund

–

20.9

241

2.3

0.4

2.7

12.5

19.6

–

0.64

HYBRID – BALANCED ADVANTAGE FUNDS

Nippon India Balanced Advantage Fund

–

170.1

9049

1.8

0.6

8.4

13.1

15.8

9.9

0.97

EQUITY – THEMATIC – CONSUMPTION FUNDS

Nippon India Consumption Fund

–

190.6

2381

2.0

0.6

7.4

20.8

27.7

14.7

0.90

EQUITY – MULTI CAP FUNDS

Nippon India Multi Cap Fund

–

272.2

40261

1.6

0.8

7.1

24.1

33.1

14.3

0.94

EQUITY – SECTOR – PHARMA FUNDS

Nippon India Pharma Fund

–

484.1

8260

1.8

0.9

15.3

21.1

21.8

14.1

0.74

HYBRID – EQUITY SAVINGS FUNDS

PGIM India Equity Savings Fund

–

48.5

1.3

0.5

7.2

7.1

9.6

7.2

1.21

HYBRID – AGGRESSIVE HYBRID FUNDS

PGIM India Hybrid Equity Fund

–

124.8

211

2.3

0.8

10.5

13.5

16.3

8.4

0.61

EQUITY – MULTI CAP FUNDS

Quant Active Fund

–

584.6

9549

1.7

0.6

-8.6

13.3

29.5

17.4

0.78

EQUITY – FLEXI CAP FUNDS

Quant Flexi Cap Fund

–

92.7

7016

1.8

0.6

-2.8

19.2

33.6

18.7

0.91

EQUITY – CONTRA FUNDS

SBI Contra Fund

–

363.9

44069

1.5

0.6

6.3

22.6

35.4

15.7

1.30

EQUITY – SECTOR – PHARMA FUNDS

SBI Healthcare Opportunities Fund

–

412.3

3671

1.9

0.9

21.5

25.9

24.3

12.0

0.85

EQUITY – THEMATIC – MNC FUNDS

SBI Magnum Global Fund

–

352.2

6117

1.9

1.2

5.4

12.0

17.0

10.5

0.54

HYBRID – AGGRESSIVE HYBRID FUNDS

Shriram Aggressive Hybrid Fund

–

30.0

2.4

1.0

0.8

11.6

14.8

8.9

0.56

EQUITY – TAX SAVING (ELSS) FUNDS

Shriram ELSS Tax Saver Fund

–

19.7

2.3

0.8

-4.6

11.3

15.9

–

0.45

EQUITY – FLEXI CAP FUNDS

Shriram Flexi Cap Fund

–

18.9

134

2.4

0.9

-6.8

12.0

16.6

–

0.47

HYBRID – CONSERVATIVE HYBRID FUNDS

Sundaram Conservative Hybrid Fund

–

29.5

2.2

1.5

8.9

8.5

9.7

7.1

0.99

EQUITY – TAX SAVING (ELSS) FUNDS

Sundaram Diversified Equity

–

208.1

1465

2.2

1.7

7.8

14.9

22.5

11.5

0.78

EQUITY – MULTI CAP FUNDS

Sundaram Multi Cap Fund

–

350.1

2662

2.0

1.0

7.2

17.0

25.4

14.3

0.79

HYBRID – BALANCED ADVANTAGE FUNDS

Tata Balanced Advantage Fund

–

19.7

10154

1.7

0.4

5.3

11.4

14.6

–

0.97

EQUITY – FLEXI CAP FUNDS

Tata Flexi Cap Fund

–

22.9

3125

1.9

0.7

11.3

16.0

19.8

–

0.69

EQUITY – SECTOR – PHARMA FUNDS

Tata India Pharma & Healthcare Fund

–

28.6

1223

2.2

0.7

15.9

21.4

–

0.73

EQUITY – SMALL CAP FUNDS

Tata Small Cap Fund

–

35.6

9418

1.7

0.4

3.2

20.2

34.2

–

0.91

EQUITY – SECTOR – BANKING FUNDS

Taurus Banking & Financial Services Fund

–

51.3

2.4

1.6

9.0

17.7

21.2

11.8

0.59

EQUITY – TAX SAVING (ELSS) FUNDS

Taurus ELSS Tax Saver Fund

–

172.8

2.4

1.8

7.9

17.5

21.3

12.6

0.78

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Taurus Infrastructure Fund

–

61.2

2.5

2.0

-1.0

18.4

24.6

13.2

0.67

EQUITY – LARGE CAP FUNDS

Taurus Large Cap Fund

–

148.2

2.6

2.4

5.1

15.2

19.7

9.3

0.60

HYBRID – BALANCED ADVANTAGE FUNDS

Union Balanced Advantage Fund

–

19.4

1378

2.2

0.9

6.5

10.3

13.7

–

0.86

HYBRID – EQUITY SAVINGS FUNDS

Union Equity Savings Fund

–

16.4

137

2.0

1.5

6.1

8.5

9.6

–

0.75

EQUITY – VALUE FUNDS

Union Value Fund

–

26.1

302

2.5

1.1

7.3

18.4

25.1

–

0.82

HYBRID – EQUITY SAVINGS FUNDS

UTI Equity Savings Fund

–

17.9

674

1.6

0.4

7.8

11.4

13.2

–

1.11

EQUITY – SECTOR – PHARMA FUNDS

UTI Healthcare Fund

–

264.9

1037

2.3

1.2

20.6

21.5

11.1

0.70

EQUITY – THEMATIC – MNC FUNDS

UTI MNC Fund

–

359.4

2686

2.1

1.2

13.1

15.8

9.5

0.52

Source link

How new thematic mutual fund categories fared

by Hansraj Agrawal | May 3, 2025 | Share Market

Moving beyond traditional thematic categories such as infrastructure, consumption, and MNCs, mutual fund houses have recently introduced newer thematic funds proxying the business cycle, innovation, and manufacturing themes.

Here, we look at how these three thematic categories have performed and the sectors they have bet on to deliver this performance.

Business cycle funds

Business cycle funds dynamically change their sector allocations based on prevailing economic conditions. Unlike traditional equity funds that maintain consistent sector allocations, these funds actively shift their portfolio to capitalise on different phases of the economic cycle — recession, recovery, expansion, and slowdown. They look to generate superior returns by increasing exposure to sectors expected to outperform in the anticipated economic environment.

Currently, 19 funds exist in this category, with 12 funds having less than two years of NAV history. Performance over the last year shows significant variation; the top-performing fund, Kotak Business Cycle, delivered 12 per cent returns, while the bottom performer, Quant Business Cycle, delivered a negative five per cent. Overall, the category delivered 1 per cent returns while the Nifty 500 total return index achieved 7 per cent during this period. Therefore, it is clear that not all business cycle funds were good at reading the economic cycle.

According to the latest portfolio data, the top-performing fund over the past year, Kotak Business Cycle had its highest exposure in banks (14 per cent of total assets), followed by industrial products (6 per cent) and retailing (5.8 per cent). The second-best performer, ICICI Prudential Business Cycle, allocated 23 per cent to banks, 9 per cent to automobiles, and 7 per cent to construction projects.

The expense ratio for regular plans ranges between 1 per cent and 2.4 per cent, while for direct plans, it falls between 0.3 per cent and 1.2 per cent.

Innovation funds

Innovation-themed mutual funds focus primarily on companies playing on technological advancements and disruptive business models that could reshape industries. Unlike traditional equity funds, they target high-growth sectors rather than established businesses.

Eight of the 10 funds in this category were launched less than two years ago. For the last year, the top-performing fund was Bandhan Innovation, delivering 16 per cent returns, while the bottom-performing UTI Innovation yielded a negative one per cent. The category generated an average return of seven per cent.

Analysing the top sectoral allocations of the best-performing funds in the category, Bandhan Innovation had major exposures to Pharmaceuticals (12 per cent), Finance (8 per cent), and Retailing (8 per cent), while ICICI Prudential Innovation invested primarily in Banks (11 per cent), Automobiles (9 per cent), and Pharmaceuticals (9 per cent).

Regular plans have an expense ratio ranging from 1.5 per cent to 2.8 per cent, whereas for direct plans, it ranges between 0.5 per cent and 1.3 per cent.

Manufacturing funds

Manufacturing theme funds concentrate on companies positioned to benefit from India’s rise in manufacturing. These funds select stocks by identifying sectors aligned with government initiatives like Production-Linked Incentive schemes, Make in India, and Atmanirbhar Bharat. Fund managers prioritise companies with strong order books, operational efficiency, export potential, and healthy balance sheets.

Eleven out of 17 funds in this category were launched in the last two years. Axis India Manufacturing topped the performance chart with 6 per cent returns over the last year, while Quant Manufacturing delivered negative returns of 6 per cent. The category delivered an average return of 3 per cent.

Axis India Manufacturing, the top performer in the category, allocated significant amounts to Pharmaceuticals (18 per cent), Automobiles (14 per cent), and Petroleum Products (8 per cent). The second-best performer, Canara Robeco Manufacturing, invested primarily in Automobiles (12 per cent), Electrical Equipment (11 per cent), and Consumer Durables (7 per cent).

Active fund regular plans have an expense ratio between 1 per cent and 2.3 per cent, while direct plans range from 0.5 per cent to 1 per cent.

The above analysis shows that thematic funds often do not outperform broad market indices such as the Nifty 500 TRI on average. Though the top funds in each theme may do so, identifying such funds in advance at the time of their launch is close to impossible. This argues for looking at a thematic fund’s track record before investing in it.

Published on May 3, 2025

Source link

Mutual Funds returns

by Hansraj Agrawal | May 3, 2025 | Share Market

EQUITY – FOCUSED FUNDS

360 ONE Focused Equity Fund

44.7

6730

1.8

0.6

2.4

16.4

23.5

15.3

0.80

EQUITY – TAX SAVING (ELSS) FUNDS

Bank of India ELSS Tax Saver

150.7

1320

2.0

0.8

-5.8

16.5

24.2

15.0

0.67

HYBRID – AGGRESSIVE HYBRID FUNDS

BOI AXA Mid & Small Cap Eq&Debt

35.2

1068

2.1

0.8

1.8

15.9

25.5

–

0.72

EQUITY – LARGE CAP FUNDS

Canara Robeco Bluechip Equity Fund

61.0

14965

1.7

0.5

10.6

15.4

20.2

13.5

0.77

EQUITY – THEMATIC – CONSUMPTION FUNDS

Canara Robeco Consumer Trends Fund

104.7

1695

2.1

0.9

5.3

17.6

22.8

15.5

0.75

HYBRID – BALANCED ADVANTAGE FUNDS

Edelweiss Balanced Advantage Fund

49.1

12240

1.7

0.5

4.4

11.7

15.3

10.2

0.84

HYBRID – EQUITY SAVINGS FUNDS

Edelweiss Equity Savings Fund

24.5

577

1.6

0.6

9.3

10.3

11.1

8.8

1.03

EQUITY – LARGE & MID CAP FUNDS

HDFC Large and Mid Cap Fund

318.7

23380

1.7

1.0

5.0

19.7

28.1

13.8

0.94

HYBRID – BALANCED ADVANTAGE FUNDS

ICICI Prudential Balanced Advantage Fund

71.6

60591

1.5

0.9

10.0

13.1

16.4

11.1

1.29

EQUITY – LARGE CAP FUNDS

ICICI Prudential Bluechip Fund

106.6

64963

1.4

0.9

8.7

18.5

24.0

14.0

0.95

EQUITY – FOCUSED FUNDS

ICICI Prudential Focused Equity Fund

87.2

10484

1.8

0.7

14.0

22.3

27.3

14.4

0.99

EQUITY – SECTOR – IT FUNDS

ICICI Prudential Technology Fund

187.7

12731

1.8

1.1

11.3

9.8

29.5

17.4

0.80

EQUITY – VALUE FUNDS

ICICI Prudential Value Discovery Fund

451.9

49131

1.5

1.1

11.9

21.3

29.7

14.9

1.25

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Invesco India Infrastructure Fund

58.4

1410

2.1

0.8

-0.7

24.0

30.2

15.3

0.78

EQUITY – FLEXI CAP FUNDS

JM Flexicap Fund

93.9

5263

1.8

0.6

1.0

23.7

26.8

16.1

0.83

EQUITY – LARGE CAP FUNDS

JM Large Cap Fund

145.3

491

2.4

0.7

-3.1

15.1

17.9

10.3

0.62

EQUITY – VALUE FUNDS

JM Value Fund

91.9

988

2.2

0.9

-1.2

23.4

28.0

15.9

0.84

HYBRID – CONSERVATIVE HYBRID FUNDS

Kotak Debt Hybrid Fund

58.0

3017

1.7

0.5

9.3

10.6

12.4

9.6

1.19

EQUITY – MID CAP FUNDS

Motilal Oswal Midcap Fund

94.4

26028

1.6

0.6

13.6

27.0

35.5

17.6

0.92

EQUITY – SMALL CAP FUNDS

Nippon India Small Cap Fund

154.2

55491

1.4

0.7

-0.5

21.6

37.5

20.7

0.96

EQUITY – FLEXI CAP FUNDS

Parag Parikh Flexi Cap Fund

80.9

93441

1.3

0.6

12.7

19.8

27.5

17.1

1.09

EQUITY – MID CAP FUNDS

PGIM India Midcap Opportunities Fund

59.8

10302

1.7

0.5

6.8

13.2

29.0

14.7

0.89

HYBRID – AGGRESSIVE HYBRID FUNDS

Quant Absolute Fund

399.9

2000

2.0

0.7

-3.3

11.9

27.1

14.9

0.97

EQUITY – TAX SAVING (ELSS) FUNDS

Quant ELSS Tax Saver Fund

342.2

10405

1.7

0.5

-8.9

14.2

33.6

19.4

0.90

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Quant Infrastructure Fund

34.9

3158

1.9

0.7

-14.4

17.3

39.7

17.3

0.94

EQUITY – LARGE & MID CAP FUNDS

Quant Large & Mid Cap Fund

110.9

3519

1.9

0.6

-6.9

16.9

25.8

16.3

0.75

EQUITY – MID CAP FUNDS

Quant Mid Cap Fund

209.8

8356

1.8

0.6

-9.1

18.4

32.9

16.4

0.93

EQUITY – SMALL CAP FUNDS

Quant Small Cap Fund

236.0

24893

1.6

0.7

-6.6

21.4

46.3

18.8

1.05

HYBRID – CONSERVATIVE HYBRID FUNDS

SBI Conservative Hybrid Fund

71.1

9666

1.5

1.1

8.7

10.0

12.3

9.0

1.31

EQUITY – TAX SAVING (ELSS) FUNDS

SBI Long Term Equity Fund

417.4

27730

1.6

1.0

6.8

24.4

28.3

14.3

1.03

HYBRID – EQUITY SAVINGS FUNDS

Sundaram Equity Savings Fund

68.7

976

2.2

0.8

8.2

11.2

14.2

9.3

1.04

EQUITY – SECTOR – BANKING FUNDS

Sundaram Financial Services Opportunities Fund

102.0

1415

2.2

0.9

9.0

21.3

23.9

13.6

0.73

EQUITY – DIVIDEND YIELD FUNDS

Templeton India Equity Income Fund

134.8

2286

2.1

0.9

3.7

17.4

29.2

14.6

1.23

HYBRID – BALANCED ADVANTAGE FUNDS

Aditya Birla SL Bal Advantage

103.1

7321

1.8

0.8

10.6

12.8

15.4

11.0

0.94

EQUITY – SMALL CAP FUNDS

AXIS Small Cap Fund

96.7

22736

1.6

0.6

6.4

16.9

29.1

17.7

0.90

EQUITY – LARGE & MID CAP FUNDS

Bandhan Core Equity Fund

124.7

7967

1.8

0.6

7.1

22.7

28.1

14.7

0.94

EQUITY – TAX SAVING (ELSS) FUNDS

Bandhan ELSS Tax Saver Fund

145.5

6597

1.8

0.7

3.1

14.3

27.2

14.0

0.94

EQUITY – VALUE FUNDS

Bandhan Sterling Value Fund

142.4

9430

1.8

0.7

3.8

16.9

32.8

14.8

1.05

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

BOI AXA Manufacturing & Infra

50.5

514

2.3

0.8

-1.9

21.1

29.9

15.5

0.83

HYBRID – AGGRESSIVE HYBRID FUNDS

Baroda BNP Paribas Aggressive Hybrid Fund

26.8

1150

2.1

0.6

5.4

14.2

17.6

–

0.73

EQUITY – LARGE CAP FUNDS

Baroda BNP Paribas Large Cap Fund

212.4

2432

2.0

0.8

4.0

16.3

20.2

12.5

0.74

EQUITY – TAX SAVING (ELSS) FUNDS

Canara Robeco ELSS Tax Saver

166.1

8277

1.7

0.6

6.4

14.6

22.1

13.9

0.77

EQUITY – TAX SAVING (ELSS) FUNDS

DSP ELSS Tax Saver Fund

134.5

16218

1.7

0.8

12.4

19.3

26.0

15.8

0.93

EQUITY – LARGE CAP FUNDS

Edelweiss Large Cap Fund

81.1

1157

2.2

0.6

5.6

15.5

20.8

12.3

0.78

EQUITY – MID CAP FUNDS

Edelweiss Mid Cap Fund

92.3

8634

1.7

0.4

12.8

23.2

31.9

17.4

0.93

EQUITY – FLEXI CAP FUNDS

Franklin India Flexi Cap Fund

1580.5

17394

1.8

1.0

8.9

19.2

27.3

13.9

0.92

EQUITY – FLEXI CAP FUNDS

HDFC Flexi Cap Fund

1916.3

69639

1.4

0.8

15.5

23.5

29.8

15.3

1.09

EQUITY – FOCUSED FUNDS

HDFC Focused 30 Fund

221.2

17227

1.7

0.8

15.3

23.7

29.6

14.4

1.16

HYBRID – CONSERVATIVE HYBRID FUNDS

HDFC Hybrid Debt Fund

81.7

3310

1.7

1.2

8.9

11.0

12.6

9.0

1.22

EQUITY – MID CAP FUNDS

HDFC Mid-Cap Opportunities Fund

177.3

72610

1.4

0.9

7.5

24.6

32.1

17.2

1.05

HYBRID – BALANCED ADVANTAGE FUNDS

HSBC Balanced Advantage Fund

42.0

1471

2.1

0.8

6.6

11.0

11.4

7.8

0.72

HYBRID – EQUITY SAVINGS FUNDS

HSBC Equity Savings Fund

31.7

624

1.5

0.6

6.0

11.2

14.5

8.4

0.74

EQUITY – DIVIDEND YIELD FUNDS

ICICI Prudential Dividend Yield Equity Fund

50.5

4995

1.9

0.7

8.4

23.6

32.3

15.6

1.22

HYBRID – AGGRESSIVE HYBRID FUNDS

ICICI Prudential Equity & Debt Fund

380.2

40962

1.6

1.0

10.1

19.0

26.4

15.5

1.19

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

ICICI Prudential Infrastructure Fund

180.6

7214

1.9

1.2

2.7

28.1

37.4

15.9

1.14

EQUITY – LARGE & MID CAP FUNDS

ICICI Prudential Large & Mid Cap Fund

956.0

19353

1.7

0.9

10.6

21.5

29.2

15.1

1.08

HYBRID – CONSERVATIVE HYBRID FUNDS

ICICI Prudential Regular Savings Fund

74.1

3127

1.7

1.0

9.6

10.0

10.9

9.3

1.30

EQUITY – SECTOR – BANKING FUNDS

Invesco India Financial Services Fund

129.6

1208

2.2

0.9

11.5

20.6

22.6

14.3

0.65

HYBRID – AGGRESSIVE HYBRID FUNDS

JM Aggressive Hybrid Fund

115.1

768

2.3

0.7

0.9

20.6

26.3

12.0

1.00

EQUITY – TAX SAVING (ELSS) FUNDS

JM ELSS Tax Saver Fund

45.1

184

2.4

1.0

2.5

18.8

25.2

14.8

0.79

EQUITY – LARGE CAP FUNDS

Kotak Bluechip Fund

549.6

9424

1.7

0.6

8.8

15.1

21.5

12.6

0.80

EQUITY – MID CAP FUNDS

Kotak Emerging Equity Fund

120.6

48129

1.5

0.5

9.2

18.5

29.3

16.9

0.88

HYBRID – AGGRESSIVE HYBRID FUNDS

Kotak Equity Hybrid Fund

58.4

6795

1.8

0.5

8.4

13.8

21.0

12.3

0.91

EQUITY – LARGE & MID CAP FUNDS

Kotak Equity Opportunities Fund

317.3

24913

1.6

0.6

3.5

17.8

24.1

14.8

0.83

HYBRID – EQUITY SAVINGS FUNDS

Kotak Equity Savings Fund

25.4

8043

1.8

0.7

6.4

10.9

12.1

9.1

1.08

EQUITY – SMALL CAP FUNDS

Kotak Small Cap Fund

236.5

15706

1.7

0.6

1.4

13.0

32.1

16.8

0.90

EQUITY – TAX SAVING (ELSS) FUNDS

Mirae Asset ELSS Tax Saver Fund

45.9

23945

1.6

0.7

7.4

15.0

23.8

–

0.83

EQUITY – THEMATIC – CONSUMPTION FUNDS

Mirae Asset Great Consumer Fund

87.8

3872

1.9

0.5

5.9

17.5

23.4

14.8

0.74

EQUITY – LARGE & MID CAP FUNDS

Mirae Asset Large & Midcap Fund

139.6

36507

1.6

0.7

3.7

14.2

23.4

17.2

0.78

EQUITY – TAX SAVING (ELSS) FUNDS

Motilal Oswal ELSS Tax Saver Fund

46.1

3817

1.9

0.7

4.2

22.7

25.3

16.3

0.62

EQUITY – MID CAP FUNDS

Nippon India Growth Fund

3811.0

33175

1.6

0.7

8.2

23.5

32.5

17.2

0.97

EQUITY – LARGE CAP FUNDS

Nippon India Large Cap Fund

86.2

37546

1.6

0.7

6.5

20.1

25.9

13.8

0.91

EQUITY – VALUE FUNDS

Nippon India Value Fund

214.5

8101

1.8

1.1

6.1

21.1

29.0

15.5

0.93

EQUITY – FLEXI CAP FUNDS

PGIM India Flexi Cap Fund

34.4

5967

1.8

0.4

7.0

11.6

23.0

13.5

0.77

EQUITY – FOCUSED FUNDS

Quant Focused Fund

81.0

1013

2.2

0.7

-6.0

13.4

24.1

14.0

0.73

EQUITY – SECTOR – BANKING FUNDS

SBI Banking & Financial Services Fund

40.3

7111

1.8

0.8

15.5

19.1

22.3

15.5

0.66

EQUITY – THEMATIC – CONSUMPTION FUNDS

SBI Consumption Opportunities Fund

300.9

2904

2.0

0.9

5.3

16.3

26.7

15.6

0.88

EQUITY – SECTOR – IT FUNDS

Tata Digital India Fund

44.6

10996

1.6

0.3

7.6

9.9

27.0

–

0.70

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Tata Infrastructure Fund

157.8

2033

2.1

1.2

-11.4

19.7

29.5

14.0

0.78

EQUITY – FLEXI CAP FUNDS

Union Flexi Cap Fund

48.4

2159

2.1

1.0

4.1

14.5

22.1

11.8

0.76

EQUITY – SECTOR – BANKING FUNDS

Aditya Birla SL Bank & Fin Serv

58.8

3248

2.0

1.1

10.0

17.4

23.1

13.6

0.66

EQUITY – SECTOR – IT FUNDS

Aditya Birla Sun Life Digital India Fund

158.8

4530

1.9

0.9

5.4

8.9

26.2

17.3

0.70

EQUITY – DIVIDEND YIELD FUNDS

Aditya Birla Sun Life Dividend Yield Fund

418.6

1404

2.2

1.4

0.0

19.3

25.1

11.8

0.85

EQUITY – FLEXI CAP FUNDS

Aditya Birla Sun Life Flexi Cap Fund

1709.4

21668

1.7

0.9

10.3

16.1

22.5

13.7

0.77

EQUITY – FOCUSED FUNDS

Aditya Birla Sun Life Focused Fund

135.7

7360

1.8

0.9

9.1

15.6

21.1

12.4

0.78

EQUITY – LARGE CAP FUNDS

Aditya Birla Sun Life Frontline Equity Fund

507.6

28106

1.7

1.0

9.5

15.6

21.9

12.3

0.81

EQUITY – THEMATIC – CONSUMPTION FUNDS

Aditya Birla Sun Life India GenNext Fund

207.1

5613

1.9

0.8

8.4

16.0

22.1

14.9

0.73

HYBRID – CONSERVATIVE HYBRID FUNDS

Aditya Birla Sun Life Regular Savings Fund

65.5

1377

1.9

1.0

10.1

8.7

12.5

8.5

1.23

HYBRID – CONSERVATIVE HYBRID FUNDS

Axis Conservative Hybrid Fund

29.8

272

2.2

0.9

10.0

7.3

9.1

7.0

0.78

HYBRID – EQUITY SAVINGS FUNDS

Axis Equity Savings Fund

21.7

940

2.3

1.0

7.8

9.8

11.5

–

0.78

EQUITY – MID CAP FUNDS

Axis Midcap Fund

103.6

28063

1.6

0.6

7.9

16.4

23.4

15.4

0.71

HYBRID – BALANCED ADVANTAGE FUNDS

Bandhan Balanced Advantage Fund

23.5

2217

2.1

0.8

7.1

10.3

12.2

8.4

0.65

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Bandhan Infrastructure Fund

46.7

1563

2.1

0.9

-0.5

25.8

34.8

15.2

0.84

EQUITY – LARGE CAP FUNDS

Bandhan Large Cap Fund

73.4

1766

2.1

0.9

7.6

15.6

20.5

11.8

0.72

HYBRID – CONSERVATIVE HYBRID FUNDS

Baroda BNP Paribas Conser Hybrid

44.1

739

2.0

0.6

7.3

8.4

8.3

7.2

0.70

EQUITY – TAX SAVING (ELSS) FUNDS

Baroda BNP Paribas ELSS Tax Saver Fund

90.4

866

2.2

1.0

6.0

16.9

20.4

12.2

0.66

EQUITY – MID CAP FUNDS

Baroda BNP Paribas Mid Cap Fund

93.8

1982

2.0

0.6

3.3

17.5

27.0

15.0

0.83

HYBRID – CONSERVATIVE HYBRID FUNDS

Canara Robeco Conservative Hybrid Fund

95.2

936

1.8

0.7

8.9

8.3

9.6

7.9

0.93

EQUITY – LARGE & MID CAP FUNDS

Canara Robeco Emerging Equities

241.0

23163

1.6

0.6

9.3

15.8

23.3

15.6

0.78

HYBRID – AGGRESSIVE HYBRID FUNDS

Canara Robeco Equity Hybrid Fund

345.5

10372

1.7

0.6

8.5

13.3

17.2

12.1

0.77

EQUITY – FLEXI CAP FUNDS

Canara Robeco Flexi Cap Fund

320.0

12194

1.7

0.6

7.8

14.1

20.4

13.1

0.73

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Canara Robeco Infrastructure Fund

147.3

816

2.3

1.1

5.0

25.6

31.9

15.0

0.90

HYBRID – AGGRESSIVE HYBRID FUNDS

DSP Aggressive Hybrid Fund

350.5

10425

1.8

0.7

15.8

16.3

19.2

12.7

0.81

HYBRID – BALANCED ADVANTAGE FUNDS

DSP Dynamic Asset Allocation Fund

26.9

3217

1.9

0.7

10.8

11.5

11.7

8.9

0.80

EQUITY – FLEXI CAP FUNDS

DSP Flexi Cap Fund

97.5

11154

1.7

0.7

9.1

16.7

21.8

13.8

0.70

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

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

287.4

4880

1.9

0.9

-3.0

25.4

33.3

15.4

0.90

EQUITY – LARGE & MID CAP FUNDS

DSP Large & Mid Cap Fund

592.2

13784

1.7

0.7

9.9

20.5

25.2

15.2

0.88

EQUITY – SMALL CAP FUNDS

DSP Small Cap Fund

169.5

14269

1.7

0.9

-0.1

14.8

31.0

15.8

0.83

EQUITY – FLEXI CAP FUNDS

Edelweiss Flexi Cap Fund

36.0

2419

2.0

0.5

7.3

17.7

23.7

14.1

0.78

EQUITY – LARGE & MID CAP FUNDS

Edelweiss Large & Mid Cap Fund

80.8

3608

1.9

0.4

7.2

16.8

23.6

13.9

0.77

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Franklin Build India Fund

132.1

2642

2.0

1.0

0.1

27.9

33.7

16.4

0.96

EQUITY – TAX SAVING (ELSS) FUNDS

Franklin India ELSS Tax Saver Fund

1428.7

6359

1.9

1.1

8.8

19.5

26.5

13.3

0.87

HYBRID – AGGRESSIVE HYBRID FUNDS

Franklin India Equity Hybrid Fund

262.7

2055

2.1

1.0

8.6

15.4

19.8

11.5

0.88

EQUITY – FOCUSED FUNDS

Franklin India Focused Equity Fund

103.6

11396

1.8

1.1

5.9

17.6

25.5

13.5

0.81

EQUITY – TAX SAVING (ELSS) FUNDS

HDFC ELSS Tax saver

1358.4

15556

1.7

1.1

12.8

22.8

27.2

13.3

1.10

HYBRID – EQUITY SAVINGS FUNDS

HDFC Equity Savings Fund

64.5

5430

1.9

0.9

6.5

10.2

13.2

9.5

1.03

HYBRID – AGGRESSIVE HYBRID FUNDS

HDFC Hybrid Equity Fund

115.1

23229

1.7

1.1

7.9

13.4

19.6

10.5

0.94

EQUITY – LARGE CAP FUNDS

HDFC Large Cap Fund

1107.9

36109

1.6

1.0

5.7

17.2

23.1

12.7

0.86

HYBRID – CONSERVATIVE HYBRID FUNDS

HSBC Conservative Hybrid Fund

60.0

146

2.2

1.4

9.7

9.6

9.7

7.6

0.68

EQUITY – FLEXI CAP FUNDS

HSBC Flexi Cap Fund

203.1

4547

2.0

1.2

6.1

16.9

23.2

12.3

0.69

EQUITY – LARGE CAP FUNDS

HSBC Large Cap Fund

454.6

1785

2.1

1.2

3.8

14.7

19.4

11.9

0.66

EQUITY – SMALL CAP FUNDS

HSBC Small Cap Fund

73.2

14493

1.7

0.7

-4.0

17.7

34.2

18.1

0.81

EQUITY – VALUE FUNDS

HSBC Value Fund

102.1

12600

1.7

0.8

4.9

21.8

28.7

15.9

0.91

EQUITY – SECTOR – BANKING FUNDS

ICICI Prudential Banking & Financial Services Fund

129.9

9008

1.8

1.1

17.1

17.2

23.1

13.6

0.70

EQUITY – TAX SAVING (ELSS) FUNDS

ICICI Pru Long Term Equity

895.2

13633

1.7

1.1

9.4

16.0

23.2

13.0

0.84

EQUITY – MID CAP FUNDS

ICICI Prudential Midcap Fund

265.2

5796

1.9

1.3

3.7

19.2

29.6

14.5

0.88

HYBRID – BALANCED ADVANTAGE FUNDS

Invesco India Balanced Advantage Fund

52.1

943

2.1

0.8

7.1

13.1

13.8

9.4

0.69

EQUITY – TAX SAVING (ELSS) FUNDS

Invesco India ELSS Tax Saver Fund

118.1

2638

1.9

0.8

6.2

15.3

20.6

13.1

0.64

EQUITY – LARGE & MID CAP FUNDS

Invesco India Large & Mid Cap Fund

90.2

6432

1.8

0.7

13.7

22.0

24.3

14.8

0.74

EQUITY – LARGE CAP FUNDS

Invesco India Largecap Fund

65.9

1329

2.1

0.8

7.3

15.9

20.8

12.5

0.71

EQUITY – MID CAP FUNDS

Invesco India Midcap Fund

157.2

5779

1.8

0.7

14.9

23.2

28.9

16.7

0.81

EQUITY – FOCUSED FUNDS

JM Focused Fund

18.6

247

2.4

0.7

-2.7

18.3

20.4

12.4

0.62

EQUITY – TAX SAVING (ELSS) FUNDS

Kotak ELSS Tax Saver Fund

110.1

5863

1.8

0.7

2.0

16.1

23.1

13.8

0.77

EQUITY – FLEXI CAP FUNDS

Kotak Flexicap Fund

79.9

49130

1.5

0.6

6.6

16.0

21.3

13.7

0.74

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Kotak Infra & Economic Reform

59.1

2133

2.0

0.7

-4.5

21.8

31.2

14.8

0.84

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

LIC MF Infrastructure Fund

43.5

874

2.2

0.6

3.0

24.9

30.6

13.8

0.81

EQUITY – LARGE & MID CAP FUNDS

LIC MF Large & Midcap Fund

36.2

2859

1.9

0.6

7.3

14.9

22.2

14.0

0.74

EQUITY – SMALL CAP FUNDS

LIC MF Small Cap Fund

27.6

494

2.4

1.0

16.3

30.7

–

0.76

EQUITY – TAX SAVING (ELSS) FUNDS

Mahindra Manulife ELSS Tax Saver Fund

27.2

895

2.2

0.6

4.9

14.4

22.4

–

0.79

HYBRID – EQUITY SAVINGS FUNDS

Mahi Manu Eq Sav Dhan San Yojana

19.9

557

2.4

0.7

5.0

8.6

12.8

–

0.85

HYBRID – AGGRESSIVE HYBRID FUNDS

Mirae Asset Aggressive Hybrid Fund

30.8

8682

1.7

0.5

8.6

12.8

17.5

–

0.78

EQUITY – LARGE CAP FUNDS

Mirae Asset Large Cap Fund

107.9

37778

1.6

0.7

9.3

12.4

19.5

13.1

0.73

EQUITY – SECTOR – BANKING FUNDS

Nippon India Banking & Financial Services Fund

608.9

6566

1.9

1.0

14.1

19.8

27.4

13.2

0.79

EQUITY – FOCUSED FUNDS

Nippon India Focused Equity Fund

114.3

7922

1.9

1.2

7.6

13.9

24.7

13.4

0.85

EQUITY – TAX SAVING (ELSS) FUNDS

PGIM India ELSS Tax Saver Fund

33.7

741

2.3

0.8

9.3

12.9

22.5

–

0.80

EQUITY – LARGE CAP FUNDS

SBI Blue Chip Fund

89.0

49394

1.5

0.8

9.5

14.5

21.2

12.4

0.83

HYBRID – AGGRESSIVE HYBRID FUNDS

SBI Equity Hybrid Fund

288.6

72555

1.4

0.7

11.7

12.7

17.7

11.8

0.85

HYBRID – EQUITY SAVINGS FUNDS

SBI Equity Savings Fund

23.2

5671

1.4

0.9

7.3

10.2

12.9

–

0.91

EQUITY – FOCUSED FUNDS

SBI Focused Equity Fund

331.9

35253

1.6

0.8

9.1

13.9

20.5

14.0

0.74

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

SBI Infrastructure Fund

47.5

4681

1.9

1.0

-1.0

23.5

30.1

15.3

0.97

EQUITY – LARGE & MID CAP FUNDS

SBI Large & Midcap Fund

581.6

29416

1.6

0.8

8.1

16.6

25.5

14.4

0.95

EQUITY – MID CAP FUNDS

SBI Magnum Midcap Fund

223.4

20890

1.7

0.8

5.3

16.6

30.2

14.8

1.03

EQUITY – SMALL CAP FUNDS

SBI Small Cap Fund

159.0

30829

1.6

0.7

-1.0

15.1

28.4

18.3

0.88

HYBRID – AGGRESSIVE HYBRID FUNDS

Sundaram Aggressive Hybrid Fund

157.1

5619

1.8

0.8

8.4

13.2

18.2

12.2

0.81

HYBRID – BALANCED ADVANTAGE FUNDS

Sundaram Balanced Advantage Fund

34.4

1491

2.1

0.7

7.8

11.2

7.7

0.61

EQUITY – FOCUSED FUNDS

Sundaram Focused Fund

152.4

1044

2.3

1.4

3.1

13.0

20.0

12.9

0.67

EQUITY – SECTOR – BANKING FUNDS

Tata Banking and Financial Services Fund

41.7

2548

2.0

0.5

15.6

20.2

20.9

–

0.65

EQUITY – VALUE FUNDS

Tata Equity P/E Fund

327.8

8004

1.7

0.7

0.8

19.2

23.6

14.1

0.84

HYBRID – EQUITY SAVINGS FUNDS

Tata Equity Savings Fund

54.2

265

1.1

0.5

8.7

9.5

10.9

7.2

1.07

EQUITY – THEMATIC – CONSUMPTION FUNDS

Tata India Consumer Fund

41.9

2208

2.0

0.8

8.3

17.4

21.8

–

0.65

EQUITY – LARGE & MID CAP FUNDS

Tata Large & Mid Cap Fund

503.4

8058

1.7

0.6

4.1

16.5

22.3

13.3

0.85

EQUITY – LARGE CAP FUNDS

Tata Large Cap Fund

482.9

2453

2.1

1.0

4.9

14.4

21.3

11.7

0.80

EQUITY – MID CAP FUNDS

Tata Mid Cap Growth Fund

397.0

4333

1.9

0.7

1.1

18.6

26.4

14.8

0.84

EQUITY – MID CAP FUNDS

Taurus Mid Cap Fund

111.7

114

2.5

2.2

-6.6

14.7

22.9

14.3

0.65

EQUITY – VALUE FUNDS

Templeton India Value Fund

692.8

2079

2.1

1.3

3.8

19.8

30.4

14.4

1.04

EQUITY – TAX SAVING (ELSS) FUNDS

Union ELSS Tax Saver Fund

60.5

860

2.3

1.4

3.0

14.3

22.4

11.5

0.78

EQUITY – SMALL CAP FUNDS

Union Small Cap Fund

43.0

1444

2.2

1.0

-1.8

14.2

29.0

13.5

0.73

HYBRID – AGGRESSIVE HYBRID FUNDS

UTI Aggressive Hybrid Fund

390.4

5910

1.9

1.2

9.9

16.9

22.3

12.1

1.03

HYBRID – CONSERVATIVE HYBRID FUNDS

UTI Conservative Hybrid Fund

68.5

1648

1.8

1.2

11.0

10.0

12.2

8.4

1.18

EQUITY – TAX SAVING (ELSS) FUNDS

UTI ELSS Tax Saver Fund

196.3

3593

1.9

0.9

6.1

12.7

20.6

12.0

0.69

EQUITY – LARGE & MID CAP FUNDS

UTI Large & Mid Cap Fund

168.8

4101

1.9

0.9

9.4

21.0

28.2

13.3

0.97

EQUITY – LARGE CAP FUNDS

UTI Large Cap Fund

265.7

12180

1.8

0.9

8.0

12.4

19.5

11.5

0.71

EQUITY – MID CAP FUNDS

UTI Mid Cap Fund

274.6

10649

1.8

0.9

3.4

15.0

26.1

13.6

0.76

EQUITY – VALUE FUNDS

UTI Value Fund

159.9

9455

1.8

1.1

12.3

18.4

24.4

12.8

0.89

HYBRID – AGGRESSIVE HYBRID FUNDS

Aditya Birla Sun Life Equity Hybrid ’95 Fund

1458.8

7193

1.9

1.1

8.0

11.2

18.0

10.3

0.74

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Aditya Birla Sun Life Infrastructure Fund

86.6

1060

2.3

1.5

-4.0

21.3

30.3

12.8

0.79

EQUITY – LARGE CAP FUNDS

Axis Bluechip Fund

58.9

32349

1.6

0.7

6.6

11.1

15.9

12.1

0.53

HYBRID – AGGRESSIVE HYBRID FUNDS

Bandhan Aggressive Hybrid Fund

24.4

819

2.3

1.0

11.1

13.7

19.5

–

0.78

EQUITY – FLEXI CAP FUNDS

Bandhan Flexi Cap Fund

198.1

6886

1.9

1.2

6.2

15.0

20.2

10.7

0.69

HYBRID – BALANCED ADVANTAGE FUNDS

Bank of India Balanced Advantage Fund

24.1

132

2.3

1.2

0.6

9.6

11.5

7.0

0.52

EQUITY – LARGE & MID CAP FUNDS

BOI Large & Mid Cap Equity Fund

81.7

362

2.3

1.1

-0.8

15.6

21.5

11.6

0.68

EQUITY – SECTOR – BANKING FUNDS

Baroda BNP Paribas Bank&Fin Serv

46.3

238

2.4

0.9

13.7

18.5

20.2

11.3

0.58

HYBRID – EQUITY SAVINGS FUNDS

DSP Equity Savings Fund

21.6

2517

1.3

0.4

10.9

10.3

12.6

–

1.23

EQUITY – FOCUSED FUNDS

DSP Focused Fund

51.9

2447

2.0

1.0

11.4

17.8

20.8

11.9

0.75

EQUITY – MID CAP FUNDS

DSP Midcap Fund

133.6

17204

1.7

0.7

6.5

15.7

21.4

14.4

0.64

HYBRID – CONSERVATIVE HYBRID FUNDS

DSP Regular Savings Fund

58.0

164

1.1

0.5

10.8

9.7

10.2

7.3

1.06

EQUITY – TAX SAVING (ELSS) FUNDS

Edelweiss Long Term Equity

103.9

384

2.3

0.7

5.9

15.1

21.0

11.4

0.70

EQUITY – LARGE CAP FUNDS

Franklin India Bluechip Fund

985.4

7343

1.9

1.2

10.5

13.9

20.8

11.1

0.72

HYBRID – CONSERVATIVE HYBRID FUNDS

Franklin India Debt Hybrid Fund

89.2

198

1.4

0.7

9.1

9.7

7.5

0.93

EQUITY – MID CAP FUNDS

Franklin India Prima Fund

2567.3

11443

1.8

1.1

10.8

21.9

27.0

14.8

0.80

EQUITY – SMALL CAP FUNDS

Franklin India Smaller Companies Fund

158.0

11970

1.8

1.0

-2.2

21.0

33.4

15.4

0.86

EQUITY – SMALL CAP FUNDS

HDFC Small Cap Fund

122.8

30223

1.6

0.9

-2.3

19.6

33.5

17.1

0.90

EQUITY – VALUE FUNDS

HDFC Value Fund

701.1

6806

1.9

1.1

8.6

18.6

25.5

13.6

0.88

HYBRID – AGGRESSIVE HYBRID FUNDS

HSBC Aggressive Hybrid Fund

50.7

5022

1.9

0.9

1.6

12.1

16.5

10.4

0.55

EQUITY – TAX SAVING (ELSS) FUNDS

HSBC ELSS Tax saver Fund

124.5

3871

1.9

1.1

6.6

17.6

22.6

13.0

0.68

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

HSBC Infrastructure Fund

43.5

2229

2.1

1.0

-0.8

22.7

30.4

15.1

0.79

EQUITY – MID CAP FUNDS

HSBC Midcap Fund

348.4

10362

1.7

0.7

3.3

20.0

25.5

15.4

0.67

HYBRID – EQUITY SAVINGS FUNDS

ICICI Prudential Equity Savings Fund

22.1

12855

1.0

0.5

9.1

8.5

10.4

8.1

1.32

EQUITY – THEMATIC – CONSUMPTION FUNDS

ICICI Prudential FMCG Fund

474.3

1855

2.2

1.4

3.8

11.9

16.6

11.9

0.58

EQUITY – SECTOR – BANKING FUNDS

LIC MF Banking & Financial Services Fund

19.9

254

2.4

1.1

3.7

14.9

17.7

7.2

0.54

EQUITY – TAX SAVING (ELSS) FUNDS

LIC MF ELSS Tax Saver

146.3

1088

2.2

1.0

9.9

15.1

20.5

11.5

0.73

EQUITY – FLEXI CAP FUNDS

LIC MF Flexi Cap Fund

87.7

920

2.3

1.3

-1.5

11.5

15.3

8.2

0.50

EQUITY – LARGE CAP FUNDS

LIC MF Large Cap Fund

54.0

1379

2.1

1.0

7.3

11.4

17.2

10.3

0.59

HYBRID – BALANCED ADVANTAGE FUNDS

Motilal Oswal Balanced Advantage Fund

18.0

918

2.3

1.0

-8.6

6.6

7.9

–

0.24

EQUITY – FOCUSED FUNDS

Motilal Oswal Focused Fund

38.2

1401

2.2

1.0

-10.2

7.7

12.5

9.4

0.36

EQUITY – LARGE & MID CAP FUNDS

Navi Large & Midcap Fund

33.4

295

2.3

0.4

6.5

11.6

21.7

–

0.72

EQUITY – LARGE & MID CAP FUNDS

Nippon India Vision Fund

1389.4

5467

2.0

1.3

9.4

20.2

26.6

12.2

0.89

EQUITY – TAX SAVING (ELSS) FUNDS

Quantum ELSS Tax Saver Fund

120.3

209

2.0

0.9

8.8

17.7

23.3

12.5

0.96

EQUITY – VALUE FUNDS

Quantum Value Fund

121.2

1123

2.0

1.1

9.1

17.8

23.4

12.4

0.96

EQUITY – FLEXI CAP FUNDS

SBI Flexicap Fund

104.5

21035

1.7

0.9

4.2

12.2

20.1

12.6

0.74

EQUITY – SECTOR – IT FUNDS

SBI Technology Opportunities Fund

198.6

4203

1.9

0.9

15.2

13.2

25.9

16.2

0.76

EQUITY – TAX SAVING (ELSS) FUNDS

Sundaram ELSS Tax Saver Fund

487.4

1288

2.3

1.7

6.0

15.1

22.9

13.6

0.83

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Sundaram Infrastructure Advantage Fund

87.8

882

2.5

2.3

0.2

19.9

29.3

13.6

0.83

EQUITY – LARGE & MID CAP FUNDS

Sundaram Large and Mid Cap Fund

80.8

6381

1.8

0.9

5.7

15.2

23.0

13.8

0.72

EQUITY – MID CAP FUNDS

Sundaram Mid Cap Fund

1263.2

11333

1.7

0.9

8.1

22.2

28.4

14.7

0.84

EQUITY – TAX SAVING (ELSS) FUNDS

Tata ELSS Tax Saver Fund

41.8

4335

1.7

0.6

6.6

15.3

21.7

13.9

0.75

HYBRID – AGGRESSIVE HYBRID FUNDS

Tata Hybrid Equity Fund

423.0

3936

1.9

1.0

5.1

12.5

17.7

9.8

0.79

EQUITY – LARGE CAP FUNDS

Union Largecap Fund

22.7

432

2.5

1.3

2.2

12.5

19.1

–

0.69

EQUITY – DIVIDEND YIELD FUNDS

UTI Dividend Yield Fund

167.9

3855

2.0

1.4

10.5

18.2

24.1

13.5

0.87

EQUITY – FLEXI CAP FUNDS

UTI Flexi Cap Fund

310.4

24532

1.7

1.1

12.5

9.3

18.9

12.1

0.59

EQUITY – THEMATIC – CONSUMPTION FUNDS

UTI India Consumer Fund

54.7

651

2.5

1.5

4.4

13.4

18.2

10.8

0.56

EQUITY – TAX SAVING (ELSS) FUNDS

Aditya Birla Sun Life ELSS Tax Saver Fund

56.4

14462

1.7

1.0

5.7

12.2

14.9

10.3

0.52

EQUITY – LARGE & MID CAP FUNDS

Aditya Birla Sun Life Equity Advantage Fund

841.1

5410

1.9

1.2

2.5

10.9

19.7

11.5

0.56

HYBRID – EQUITY SAVINGS FUNDS

Aditya Birla Sun Life Equity Savings Fund

21.5

632

1.1

0.6

7.9

8.2

10.5

7.7

0.67

EQUITY – MID CAP FUNDS

Aditya Birla Sun Life Midcap Fund

725.0

5502

1.9

1.1

4.7

16.5

27.5

13.4

0.82

EQUITY – VALUE FUNDS

Aditya Birla Sun Life Pure Value Fund

116.1

5791

1.9

1.1

-1.4

17.5

25.9

12.3

0.70

EQUITY – SMALL CAP FUNDS

Aditya Birla Sun Life Small Cap Fund

77.4

4416

1.9

1.0

-2.1

14.8

27.8

12.6

0.70

EQUITY – TAX SAVING (ELSS) FUNDS

Axis ELSS Tax Saver Fund

92.7

34176

1.5

0.8

7.3

11.3

16.7

11.9

0.49

EQUITY – FOCUSED FUNDS

Axis Focused Fund

52.6

12347

1.7

0.8

5.8

8.0

15.1

12.0

0.45

HYBRID – CONSERVATIVE HYBRID FUNDS

Bandhan Conservative Hybrid Fund

31.8

115

2.0

1.0

8.9

7.3

7.5

6.8

0.61

EQUITY – FOCUSED FUNDS

Bandhan Focused Equity Fund

81.9

1685

2.1

0.9

10.7

16.6

20.6

11.7

0.67

EQUITY – LARGE CAP FUNDS

DSP Large Cap Fund

462.7

5070

1.9

1.0

13.7

19.4

21.1

11.6

0.84

EQUITY – LARGE & MID CAP FUNDS

Franklin India Equity Advantage Fund

178.1

3273

2.1

1.4

9.8

14.6

24.3

11.3

0.80

EQUITY – SECTOR – IT FUNDS

Franklin India Technology Fund

474.3

1754

2.1

1.0

2.0

15.9

24.3

16.0

0.69

EQUITY – LARGE CAP FUNDS

Groww Largecap Fund

40.4

120

2.4

1.0

1.2

13.1

17.3

11.0

0.60

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

HDFC Infrastructure Fund

44.4

2329

2.0

1.0

-0.3

28.9

33.9

10.5

0.92

HYBRID – AGGRESSIVE HYBRID FUNDS

LIC MF Aggressive Hybrid Fund

185.8

497

2.5

1.4

5.7

12.1

14.0

8.1

0.57

EQUITY – MID CAP FUNDS

LIC MF Midcap Fund

26.6

302

2.5

1.3

4.8

17.5

25.0

–

0.70

EQUITY – FLEXI CAP FUNDS

Motilal Oswal Flexi Cap Fund

57.1

12267

1.7

0.9

12.7

21.3

21.1

13.4

0.62

EQUITY – TAX SAVING (ELSS) FUNDS

Nippon India ELSS Tax Saver Fund

121.6

14392

1.7

1.0

4.7

17.2

24.4

10.0

0.81

HYBRID – AGGRESSIVE HYBRID FUNDS

Nippon India Equity Hybrid Fund

100.5

3688

2.0

1.1

7.4

15.2

20.9

9.9

0.92

HYBRID – EQUITY SAVINGS FUNDS

Nippon India Equity Savings Fund

15.7

692

1.8

0.7

6.0

8.5

10.1

–

0.83

HYBRID – CONSERVATIVE HYBRID FUNDS

Nippon India Hybrid Bond Fund

56.7

835

1.9

1.1

8.4

9.0

5.4

1.17

EQUITY – LARGE CAP FUNDS

PGIM India Large Cap Fund

330.3

569

2.4

0.9

5.9

12.5

17.5

10.4

0.62

EQUITY – THEMATIC – CONSUMPTION FUNDS

Sundaram Consumption Fund

93.8

1445

2.2

1.3

11.9

18.2

21.5

14.3

0.72

EQUITY – DIVIDEND YIELD FUNDS

Sundaram Dividend Yield Fund

131.2

863

2.3

1.2

1.9

16.0

22.2

14.3

0.84

EQUITY – SMALL CAP FUNDS

Sundaram Small Cap Fund

232.6

2955

2.0

0.9

-0.2

17.5

31.5

13.1

0.82

EQUITY – FLEXI CAP FUNDS

Taurus Flexi Cap Fund

215.2

338

2.6

0.7

12.6

19.0

9.1

0.62

EQUITY – SECTOR – BANKING FUNDS

UTI Banking and Financial Services Fund

182.6

1211

2.2

1.1

13.5

18.2

22.1

10.8

0.65

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

UTI Infrastructure Fund

134.8

2097

2.2

1.8

1.3

21.2

26.5

12.1

0.80

HYBRID – BALANCED ADVANTAGE FUNDS

UTI-Unit Linked Insurance Plan

41.3

5352

1.6

1.0

12.6

8.8

12.1

8.1

0.78

EQUITY – THEMATIC – MNC FUNDS

Aditya Birla Sun Life MNC Fund

–

1231.8

3371

2.0

1.4

0.9

9.5

12.0

8.0

0.39

HYBRID – AGGRESSIVE HYBRID FUNDS

Axis Aggressive Hybrid Fund

–

19.9

1521

2.2

1.1

10.7

10.0

15.3

–

0.61

HYBRID – BALANCED ADVANTAGE FUNDS

Axis Balanced Advantage Fund

–

20.6

2808

2.0

0.8

13.0

14.2

13.9

–

0.83

EQUITY – FLEXI CAP FUNDS

Axis Flexi Cap Fund

–

25.0

12040

1.7

0.7

7.1

12.3

17.4

–

0.53

EQUITY – LARGE & MID CAP FUNDS

Axis Growth Opportunities Fund

–

30.5

13321

1.7

0.6

6.7

15.1

23.5

–

0.71

HYBRID – EQUITY SAVINGS FUNDS

Bandhan Equity Savings Fund

–

30.8

272

1.1

0.2

7.4

7.6

9.2

6.6

1.13

HYBRID – CONSERVATIVE HYBRID FUNDS

Bank of India Conservative Hybrid Fund

–

33.4

2.1

1.1

3.5

7.1

12.1

7.5

1.08

EQUITY – SMALL CAP FUNDS

Bank of India Small Cap Fund

–

42.4

1574

2.0

0.5

1.7

18.4

33.3

–

0.82

HYBRID – BALANCED ADVANTAGE FUNDS

Baroda BNP Paribas Balanced Advantage Fund

–

23.2

4073

1.9

0.8

6.1

13.4

16.6

–

0.80

EQUITY – FOCUSED FUNDS

Baroda BNP Paribas Focused Fund

–

21.2

634

2.3

0.5

0.2

14.1

19.1

–

0.57

EQUITY – THEMATIC – CONSUMPTION FUNDS

Baroda BNP Paribas India Consumption Fund

–

30.3

1369

2.1

0.7

7.9

16.6

20.9

–

0.68

EQUITY – MULTI CAP FUNDS

Baroda BNP Paribas Multi Cap Fund

–

268.3

2616

2.0

1.0

3.4

17.2

25.7

13.4

0.76

EQUITY – SMALL CAP FUNDS

Canara Robeco Small Cap Fund

–

35.3

11087

1.7

0.5

0.8

13.6

33.2

–

0.91

EQUITY – SECTOR – PHARMA FUNDS

DSP Healthcare Fund

–

37.0

3019

1.9

0.6

13.1

20.0

23.8

–

0.81

HYBRID – AGGRESSIVE HYBRID FUNDS

Edelweiss Aggressive Hybrid Fund

–

60.9

2487

1.9

0.4

9.6

16.9

21.0

12.4

0.98

EQUITY – SMALL CAP FUNDS

Edelweiss Small Cap Fund

–

39.6

4064

1.8

0.4

1.9

18.0

32.8

–

0.92

HYBRID – EQUITY SAVINGS FUNDS

Franklin India Equity Savings Fund

–

16.1

637

1.1

0.4

7.4

8.3

11.0

–

0.83

HYBRID – AGGRESSIVE HYBRID FUNDS

Groww Aggressive Hybrid Fund

–

20.0

2.3

0.9

2.8

11.8

16.0

–

0.68

EQUITY – TAX SAVING (ELSS) FUNDS

Groww ELSS Tax Saver Fund

–

18.3

2.3

0.6

-1.7

12.7

17.2

–

0.56

EQUITY – VALUE FUNDS

Groww Value Fund

–

25.4

2.3

0.9

4.1

15.6

20.8

–

0.75

HYBRID – BALANCED ADVANTAGE FUNDS

HDFC Balanced Advantage Fund

–

502.1

94824

1.4

0.9

6.7

20.0

24.9

14.5

1.12

EQUITY – LARGE & MID CAP FUNDS

HSBC Large & Mid Cap Fund

–

24.3

3769

1.9

0.9

1.8

16.9

23.0

–

0.60

EQUITY – TAX SAVING (ELSS) FUNDS

HSBC Tax Saver Equity Fund

–

88.5

227

2.5

1.6

10.9

17.6

23.4

13.0

0.70

EQUITY – MULTI CAP FUNDS

ICICI Prudential Multicap Fund

–

757.2

13938

1.8

1.0

8.0

20.3

26.3

14.4

0.91

EQUITY – SECTOR – PHARMA FUNDS

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

–

37.1

4915

1.9

1.2

20.6

24.2

25.1

–

0.89

EQUITY – SMALL CAP FUNDS

ICICI Prudential Smallcap Fund

–

78.9

7392

1.8

0.9

-1.0

16.1

32.7

14.1

1.00

HYBRID – AGGRESSIVE HYBRID FUNDS

Invesco India Aggressive Hybrid Fund

–

21.7

618

2.4

0.8

10.1

16.0

17.5

–

0.70

EQUITY – CONTRA FUNDS

Invesco India Contra Fund

–

127.8

17265

1.7

0.6

10.6

19.9

24.9

15.6

0.84

HYBRID – EQUITY SAVINGS FUNDS

Invesco India Equity Savings Fund

–

16.5

399

2.3

0.7

7.9

10.2

9.9

–

0.61

EQUITY – MULTI CAP FUNDS

Invesco India Multicap Fund

–

122.6

3651

1.9

0.7

6.5

18.3

24.1

13.5

0.72

EQUITY – SMALL CAP FUNDS

Invesco India Smallcap Fund

–

37.5

5885

1.8

0.4

8.4

22.8

32.5

–

0.84

HYBRID – BALANCED ADVANTAGE FUNDS

Kotak Balanced Advantage Fund

–

20.0

16542

1.7

0.6

9.8

11.9

14.3

–

0.93

EQUITY – CONTRA FUNDS

Kotak India EQ Contra Fund

–

140.0

3935

1.9

0.6

4.0

19.7

25.6

14.8

0.89

HYBRID – CONSERVATIVE HYBRID FUNDS

LIC MF Conservative Hybrid Fund

–

80.6

2.3

1.2

8.2

6.6

6.9

6.4

0.56

EQUITY – DIVIDEND YIELD FUNDS

LIC MF Dividend Yield Fund

–

28.4

490

2.4

0.7

6.4

19.3

23.9

–

0.78

HYBRID – EQUITY SAVINGS FUNDS

LIC MF Equity Savings Fund

–

26.8

2.3

1.3

7.6

8.8

10.3

6.7

0.63

EQUITY – FOCUSED FUNDS

LIC MF Focused Fund

–

20.2

127

2.5

1.6

6.3

11.0

18.2

–

0.63

EQUITY – SECTOR – PHARMA FUNDS

LIC MF Healthcare Fund

–

27.9

2.5

1.2

15.2

15.9

17.2

–

0.60

EQUITY – VALUE FUNDS

LIC MF Value Fund

–

21.9

149

2.4

1.0

0.3

12.2

20.2

–

0.59

EQUITY – THEMATIC – CONSUMPTION FUNDS

Mahindra Manulife Consumption Fund

–

21.5

446

2.4

0.7

3.0

16.1

20.0

–

0.67

EQUITY – LARGE CAP FUNDS

Mahindra Manulife Large Cap Fund

–

22.5

611

2.4

0.7

7.3

13.8

20.3

–

0.75

EQUITY – MID CAP FUNDS

Mahindra Manulife Mid Cap Fund

–

30.8

3398

1.9

0.5

3.1

21.7

29.2

–

0.83

EQUITY – MULTI CAP FUNDS

Mahindra Manulife Multi Cap Fund

–

32.8

4883

1.8

0.4

3.3

17.5

26.7

–

0.79

HYBRID – EQUITY SAVINGS FUNDS

Mirae Asset Equity Savings Fund

–

19.6

1360

1.4

0.4

8.9

10.6

13.6

–

1.03

EQUITY – SECTOR – PHARMA FUNDS

Mirae Asset Healthcare Fund

–

36.5

2667

2.0

0.6

16.5

18.4

22.2

–

0.76

HYBRID – AGGRESSIVE HYBRID FUNDS

Navi Aggressive Hybrid Fund

–

19.3

116

2.3

0.4

5.9

11.2

15.4

–

0.70

EQUITY – TAX SAVING (ELSS) FUNDS

Navi ELSS Tax Saver Fund

–

27.8

2.3

0.4

5.0

12.2

18.7

–

0.63

EQUITY – FLEXI CAP FUNDS

Navi Flexi Cap Fund

–

21.1

241

2.3

0.4

1.0

10.8

18.7

–

0.65

HYBRID – BALANCED ADVANTAGE FUNDS

Nippon India Balanced Advantage Fund

–

171.6

8808

1.8

0.6

7.7

12.6

15.3

9.9

0.98

EQUITY – THEMATIC – CONSUMPTION FUNDS

Nippon India Consumption Fund

–

192.7

2183

2.0

0.6

7.7

19.4

26.6

14.7

0.90

EQUITY – MULTI CAP FUNDS

Nippon India Multi Cap Fund

–

275.9

38637

1.6

0.8

4.4

22.6

31.1

14.3

0.94

EQUITY – SECTOR – PHARMA FUNDS

Nippon India Pharma Fund

–

493.7

8081

1.8

0.9

14.8

20.0

22.4

14.2

0.76

HYBRID – EQUITY SAVINGS FUNDS

PGIM India Equity Savings Fund

–

48.6

1.3

0.5

7.1

6.8

9.4

7.3

1.23

HYBRID – AGGRESSIVE HYBRID FUNDS

PGIM India Hybrid Equity Fund

–

126.4

204

2.3

0.8

9.6

12.2

15.8

8.4

0.61

EQUITY – MULTI CAP FUNDS

Quant Active Fund

–

593.9

9389

1.7

0.6

-11.5

11.8

29.8

17.3

0.79

EQUITY – FLEXI CAP FUNDS

Quant Flexi Cap Fund

–

93.9

6712

1.8

0.6

-4.8

17.5

34.1

18.6

0.92

EQUITY – CONTRA FUNDS

SBI Contra Fund

–

368.8

42220

1.5

0.6

3.9

21.7

33.9

15.7

1.30

EQUITY – SECTOR – PHARMA FUNDS

SBI Healthcare Opportunities Fund

–

418.5

3611

1.9

0.9

20.9

24.1

24.5

12.1

0.87

EQUITY – THEMATIC – MNC FUNDS

SBI Magnum Global Fund

–

348.2

5973

1.9

1.2

2.2

10.5

15.8

10.3

0.54

HYBRID – AGGRESSIVE HYBRID FUNDS

Shriram Aggressive Hybrid Fund

–

30.4

2.4

0.9

-1.3

10.7

14.4

9.0

0.56

EQUITY – TAX SAVING (ELSS) FUNDS

Shriram ELSS Tax Saver Fund

–

20.1

2.3

0.8

-7.1

10.3

15.3

–

0.45

EQUITY – FLEXI CAP FUNDS

Shriram Flexi Cap Fund

–

19.3

133

2.4

0.8

-8.7

11.1

16.1

–

0.47

HYBRID – CONSERVATIVE HYBRID FUNDS

Sundaram Conservative Hybrid Fund

–

29.7

2.2

1.5

8.9

8.2

9.6

7.2

0.99

EQUITY – TAX SAVING (ELSS) FUNDS

Sundaram Diversified Equity

–

211.5

1428

2.2

1.7

6.3

13.7

21.5

11.6

0.78

EQUITY – MULTI CAP FUNDS

Sundaram Multi Cap Fund

–

354.9

2615

2.0

1.0

5.5

15.2

24.4

14.4

0.80

HYBRID – BALANCED ADVANTAGE FUNDS

Tata Balanced Advantage Fund

–

19.9

10075

1.6

0.4

5.0

10.9

14.0

–

0.98

EQUITY – FLEXI CAP FUNDS

Tata Flexi Cap Fund

–

23.2

2967

2.0

0.7

9.3

14.8

19.2

–

0.70

EQUITY – SECTOR – PHARMA FUNDS

Tata India Pharma & Healthcare Fund

–

29.2

1184

2.2

0.7

15.6

20.3

21.9

–

0.74

EQUITY – SMALL CAP FUNDS

Tata Small Cap Fund

–

35.9

9203

1.7

0.3

-0.1

19.4

33.5

–

0.92

EQUITY – SECTOR – BANKING FUNDS

Taurus Banking & Financial Services Fund

–

52.8

2.3

1.6

8.1

16.7

20.0

11.7

0.59

EQUITY – TAX SAVING (ELSS) FUNDS

Taurus ELSS Tax Saver Fund

–

176.3

2.5

2.3

6.6

16.3

20.8

12.6

0.79

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Taurus Infrastructure Fund

–

62.3

2.5

2.4

-4.2

16.3

24.1

13.1

0.68

EQUITY – LARGE CAP FUNDS

Taurus Large Cap Fund

–

151.2

2.6

2.3

3.6

13.7

18.9

9.4

0.60

HYBRID – BALANCED ADVANTAGE FUNDS

Union Balanced Advantage Fund

–

19.6

1365

2.2

0.9

5.6

9.8

12.9

–

0.88

HYBRID – EQUITY SAVINGS FUNDS

Union Equity Savings Fund

–

16.5

136

2.0

1.5

5.6

7.9

9.3

–

0.77

EQUITY – VALUE FUNDS

Union Value Fund

–

26.4

292

2.5

1.1

5.3

17.1

23.9

–

0.83

HYBRID – EQUITY SAVINGS FUNDS

UTI Equity Savings Fund

–

18.0

668

1.6

0.4

7.8

11.1

12.9

–

1.12

EQUITY – SECTOR – PHARMA FUNDS

UTI Healthcare Fund

–

269.1

1042

2.3

1.2

19.9

20.1

21.9

11.3

0.73

EQUITY – THEMATIC – MNC FUNDS

UTI MNC Fund

–

361.6

2640

2.0

1.2

0.6

11.8

15.0

9.5

0.52

Source link

Why investing in this focused fund can be fruitful

by Hansraj Agrawal | May 2, 2025 | Share Market

After six months of protracted market correction due to prolonged FPI selling and more recently early in April as US trade tariff flip flops had investors on tenterhooks, indices have started to inch up steadily. Although valuation comfort is still elusive in much of the mid and small-cap spaces, a significant leeway seems available in the large-cap segment.

Given the revival in the markets, taking exposure to focused funds that are large-cap oriented, and have managed to deliver better than broad-based benchmarks, would suit investors with a reasonable risk appetite.

Large-cap bias helps funds to moderate risk levels in the portfolio.

Such focused funds may suit investors with an above-average risk appetite looking to save for the long term, but with a mild exposure to lower market cap stocks to enhance returns.

Market regulator SEBI’s mandate requires focused funds to maintain a portfolio of not more than 30 stocks. Despite the restriction, it is still possible to build a less concentrated portfolio with healthy stock and sector selection.

In this regard, HDFC Focused fund (HDFC Focused Large Cap earlier, operational since 2004) has been among the best performers in its category, especially in the post-Covid period. The scheme has delivered steady outperformance over its benchmark on a consistent basis. Investors can consider taking exposure to the fund for the long term of seven-plus years via the SIP route.

Healthy outperformance

As the focused funds category itself was introduced only in 2017-18, we take performance records from January 2018.

When we consider the point-to-point returns over the past one, three and five-year periods, HDFC Focused fund has outperformed its benchmark, Nifty 500 TRI, by 7-11 percentage points.

When three-year rolling returns over the period January 2018-April 2025 are considered, the fund has outperformed its benchmark 68 per cent of the time. HDFC Focused has delivered more than 15 per cent returns for as much as 77 per cent of the time and more than 18 per cent nearly 66 per cent of the time.

The mean three-year rolling returns over the aforementioned timeframe is 22 per cent for the fund, making it one of the best in the category. The return figure is 18.1 per cent for the Nifty 500 TRI.

When SIP returns over the past seven months are taken, the fund has managed an XIRR of 23.7 per cent. An SIP in the Nifty 500 TRI would have given an XIRR of 17.1 per cent over the same period.

Data from April 2022 to April 2025 indicate that the fund has an upside capture ratio of 102.2, which means it rises a bit more than the benchmark Nifty 500 TRI during rallies. Its downside capture ratio is only 48.7, suggesting that the fund’s NAV falls a lot less than the benchmark during corrections. A score of 100 indicates that a fund performs in line with its benchmark.

All data points pertain to the direct plan of the fund.

Smart portfolio moves

HDFC Focused fund invests in 29-30 stocks, in keeping with the mandate for the category. However, barring the top 3-4 holdings, the weightages for other stocks are less than 5 per cent. This makes the portfolio crisp and yet well-diversified.

One key aspect about the fund’s derisking strategy is that it generally holds cash and debt positions of over 10 per cent. Currently, HDFC Focused holds over 16 per cent of its portfolio in cash, debt and REIT investments, thus insulating the portfolio reasonably during stiff corrections.

The fund portfolio is also dominated by large-cap stocks. Of course, this proportion has come down in recent years due to the opportunities in the broader markets. From over 80 per cent earlier, the fund holds nearly 66 per cent of its portfolio in large-caps. Mid and small-cap stocks have accounted for 15-25 per cent of the overall holdings.

The fund has always had banks in its top holdings. In the market correction of September 2024 to March 2025, this helped the fund outperform. It churns other sectors based on a combination of valuation and industry dynamics. It was quick to spot the opportunities in pharma and healthcare in 2021, and again in 2024, which led to the scheme increasing stakes in these segments. In recent months, it has upped exposure to automobiles as the correction in the segment presented attractive options.

It was also early to spot the emerging opportunities in the aerospace and defence segments back in 2022, but later pared stakes as the segment got too hot with excess valuations.

Overall, the fund takes a mix of value and growth calls to take informed bets in segments, while ensuring heavy cash calls to insulate the portfolio.

Published on May 2, 2025

Source link

« Older Entries

Next Entries »

Times Top News

Times Top News

Recent Posts

Recent Comments