SBI Banking & Financial Services Fund: What explains the outperformance

by Hansraj Agrawal | Jul 26, 2025 | Share Market

Trump’s fresh tariff moves have put the brakes on markets that were recovering from the lows of March. With the Indian delegation yet to strike a trade deal with the US, markets are feeling the jitters. Geo-political uncertainties have shaken industry confidence in making fresh investments. The outlook for the economy has also been downgraded. According to the RBI, real GDP growth for FY26 was projected at 6.7 per cent in February but has now been trimmed to 6.5 per cent. Despite this, India remains on track to grow faster than any other major economy.

In the broader markets, equities appear to be fully priced, with little margin for error. However, valuations in the financial services space seem otherwise. The Nifty Financial Services index (the index) which tracks companies from sectors such as banks, NBFCs, insurance and capital markets is now trading at a price-to-book value of 2.8 times, down from the 5/10-year average of 3.5 times. Banks, which constitute 31 per cent of the bellwether Nifty50 and a good 20-30 per cent of the AUM of a wide variety of mutual funds, account for three-fourth of the index’s weightage. Add NBFCs, the combined weightage goes up to 93.5 per cent.

The index, though trading just 2 per cent below its all-time high, has been range-bound since the later part of April. This is probably because the index is factoring near-term headwinds to the banking sector, such as slower credit growth and margin pressure. However, when uncertainties clouding global trade recede and the repo rate cuts are transmitted in full, these headwinds could reverse.

Hence, investors willing to look past the short-term headwinds could take sectoral exposure through active funds that have the index as their benchmark. SBI Banking & Financial Services is one such fund, which has consistently beaten the benchmark and its peer schemes across timeframes.

Outlook for the sector

Earnings growth for the banking sector is largely tied to credit offtake, which is slowing down with the economy. Credit growth for all commercial banks combined, stood at 11 per cent year-on-year for FY25, after robust growth seen in FY23 at 15 per cent and FY24 at 20 per cent. The same has fallen to 9.5 per cent for Q1 FY26. Credit growth driven by private sector capex too, have not been remarkable.

Further, with RBI’s 100-bps repo rate cuts since February, margins of lenders would come under pressure. This is because transmission of rate cuts on loans precedes that on deposits. As of May 2025, commercial banks have passed on 18 bps of rate cuts on outstanding loans but have only shaved 2 bps off rates offered on outstanding deposits. Banks have indeed started cutting deposit rates, starting with the ones on savings accounts. However, the rate transmission on deposits will take place only gradually and hence there will be a pressure on margins in the near term.

However, if one were to overlook these short-term hurdles, there are factors in place to drive earnings growth for the sector. One, concerns over asset quality are largely behind. Even in the troubled unsecured lending space, the stress seems to be subsiding, as evidenced by sequential decline in provision cost of most banks that have reported earnings for Q1 FY26. Reduced provisions mean higher profits.

Two, once the tariff situation is crystallised, credit demand from large corporates could rebound. Benign inflation, reduced lending rates, fiscal measures such as ELI and tax cuts and a good kharif harvest are expected to spur growth in consumption-based loans.

Three, there is ample liquidity in the system, only set to be boosted by RBI’s CRR (cash reserve ratio) cuts of 100-bps, effective September. This eases short-term cost of funds for lenders. Finally, regulatory overhangs from RBI’s draft guidelines on project finance, liquidity coverage and gold loans are behind.

Beyond banks and NBFCs, sectors such as insurance and capital markets bring diversification. Despite hurdles such as taxation of ULIPs, life insurers have posted decent growth in earnings in the last 3 fiscals. General insurance companies though, have posted robust earnings growth in the same period. Improving financial literacy works in the favour of long-term investors in insurance. Financialisation of savings, increased appetite for investment products such as mutual funds drive growth for companies in the capital markets space. A cohort of wealth managers too, is riding on the rising affluent class and have shown healthy growth.

The outperformer

We evaluated a set of funds that are benchmarked to the said index. The funds were to have a minimum track record of 10 years. Only direct plans of the funds were considered. These filters pointed to nine funds. Of them, SBI Banking & Financial Services Fund (the fund) has outperformed both the index and its peers across timeframes, on a mean rolling return basis (see infographics). It has also outperformed peers on a 1-year and 3-year rolling basis. The AUM of the fund is about ₹8,500 crore making it the second largest in the category.

Outperformance explained

The outperformance of the fund emerges primarily from the way the fund’s portfolio is constructed. The fund is underweight on banks in favour of other sectors (see chart). Within banks, while the index has SBI as the lone PSU bank, the fund has a negligible holding of SBI, but a sizeable position in Bank of Baroda and Bank of India. The fund’s combined holding of HDFC Bank and ICICI Bank (top 2 stocks by weight in the index) is just 30.5 per cent versus the index’s 54.5 per cent. The fund’s additions of Axis Bank and RBL Bank to its portfolio this year, can be seen as value buys and betting on turnarounds.

In the NBFC space too, while the index has the larger players such as Bajaj Finance, the fund bets on relatively smaller companies such as Aditya Birla Capital, Aptus Value Housing and Manappuram Finance.

This apart, in the past year, the fund has added the following stocks from the capital markets and insurance sector – Credit rating agencies such as Care Ratings, Crisil and ICRA (combined weight of 3.3 per cent while the index has none), HDFC AMC (1.8 per cent versus index’s 1.2 per cent), HDFC Life (3.8 per cent versus index’s 1.9 per cent), Max Financial (5.6 per cent), Star Health (1.2 per cent) and Niva Bupa (0.9 per cent). Max Financial, Star Health and Niva Bupa are not part of the index.

Published on July 26, 2025

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What’s New In Bl.portfolio Star Track Mutual Fund Ratings

by Hansraj Agrawal | Jul 26, 2025 | Share Market

bl.portfolio Star Track Ratings guide investors through 1,700+ mutual fund schemes across 39 categories and asset classes, highlighting consistent outperformers aligned with long-term goals through a transparent, dependable evaluation framework.

The rating system employs two essential metrics — rolling returns and Sortino ratio — which demonstrate how consistently a mutual fund scheme has generated returns throughout different market conditions while evaluating loss risk. Rolling returns showcase the fund’s capacity to maintain performance over time, while the Sortino ratio focuses specifically on risk-adjusted returns by penalising only negative volatility.

For equity and hybrid schemes, we assess one-, three-, and five-year rolling returns using seven years of NAV data. Debt funds use one-, two-, and three-year rolling returns over five years. One-year trailing returns are also considered to capture the fund’s recent performance pattern. The composite score assigns 60 per cent weight to historical returns, 30 per cent to Sortino ratio, and 10 per cent to trailing returns. Funds are then ranked; top scorers get five stars, lowest get one, helping investors identify strong performers easily.

Summary of the update

The bl.portfolio Star Track Mutual Fund Ratings debuted in October 2018 and receives updates twice annually, utilising data from June-end and December-end. As of June 30, 2025, 509 funds from 33 actively managed mutual fund categories were included in the rating evaluation.

Among these, 43 schemes successfully retained their 5-star ratings from January through June 2025, showing consistency in their performance indicators. Prominent examples in equity funds include Parag Parikh Flexi Cap, ICICI Pru Large Cap, Motilal Oswal Midcap and Nippon India Small Cap. In the Hybrid category, Quant Aggressive Hybrid, Bank of India Mid & Small Cap Equity & Debt and Kotak Debt Hybrid, while in debt funds, several include ICICI Pru Banking & PSU Debt, Nippon India Corp Bond, Aditya Birla SL Dynamic Bond and SBI Magnum Gilt Fund. These funds have demonstrated their capability to provide superior risk-adjusted returns consistently, establishing them as dependable options for investors pursuing steady excellence.

Notably, 39 funds improved their ratings to achieve 5-star status from 4-star. Examples include HDFC Flexi Cap, Nippon India Growth Mid Cap, ICICI Pru Balanced Advantage, HDFC ELSS Tax, Kotak Banking and PSU Debt, Aditya Birla SL Corp Bond and Axis Strategic Bond. These improvements indicate improved fund strategies and advantageous market positioning.

Conversely, 14 schemes were downgraded from five to four stars. Some examples include JM Flexicap, Quant Mid Cap, Edelweiss Balanced Advantage, ICICI Pru Medium Term Bond, Aditya Birla SL Banking & PSU Debt and HDFC Floating Rate Debt Fund.

Several funds advanced from their mediocre performance, moving from either 3 or 2 stars to 4-star rankings, including HDFC Large Cap, Nippon India Vision Large & Mid Cap, SBI Midcap, Axis Small Cap, Nippon India Balanced Advantage, Kotak Medium Term and Nippon India Dynamic Bond.

Maximising the value of the ratings

The rating framework emphasises funds that have provided consistent outperformance over time while maintaining reasonable risk levels, assisting investors in concentrating on long-term wealth creation rather than pursuing short-term winners.

When selecting funds, opt for those with five-star or four-star ratings. Fund selection should align with your asset allocation approach based on your risk tolerance, investment timeline and objectives. If a fund in your portfolio experiences a temporary decline but retains above-average ratings, it’s advisable to remain invested rather than selling. Nevertheless, if a fund’s rating falls to two stars or lower, it may be appropriate to reassess your investment. This measured approach helps investors eliminate underperforming funds while maintaining focus on long-term achievement.

Published on July 26, 2025

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Mutual Funds returns

by Hansraj Agrawal | Jul 26, 2025 | Share Market

EQUITY – VALUE FUNDS

Bandhan Value Fund

146.4

10229

1.8

0.7

-2.4

19.2

29.8

14.8

0.98

HYBRID – AGGRESSIVE HYBRID FUNDS

BOI AXA Mid & Small Cap Eq&Debt

38.1

1250

2.1

0.7

-0.3

21.1

25.7

–

0.75

EQUITY – LARGE CAP FUNDS

Canara Robeco Large Cap Fund

62.9

16617

1.6

0.5

4.1

17.1

18.6

13.2

0.71

HYBRID – EQUITY SAVINGS FUNDS

Edelweiss Equity Savings Fund

25.2

670

1.6

0.6

8.2

11.6

10.7

8.8

0.99

HYBRID – BALANCED ADVANTAGE FUNDS

HDFC Balanced Advantage Fund

516.4

102790

1.4

0.8

2.7

20.8

23.6

14.3

1.10

EQUITY – TAX SAVING (ELSS) FUNDS

HDFC ELSS Tax saver

1404.7

16908

1.7

1.1

5.5

23.8

25.2

13.4

1.03

EQUITY – FLEXI CAP FUNDS

HDFC Flexi Cap Fund

1975.1

79585

1.4

0.7

7.6

24.6

28.4

15.2

1.05

EQUITY – FOCUSED FUNDS

HDFC Focused Fund

228.9

20868

1.7

0.6

8.1

24.6

27.7

14.0

1.11

EQUITY – LARGE & MID CAP FUNDS

HDFC Large and Mid Cap Fund

339.1

26849

1.6

0.9

1.7

22.3

27.0

13.9

0.90

EQUITY – MID CAP FUNDS

HDFC Mid Cap Fund

194.5

84061

1.4

0.8

5.1

28.4

31.6

17.6

1.03

HYBRID – BALANCED ADVANTAGE FUNDS

ICICI Prudential Balanced Advantage Fund

73.6

65298

1.4

0.9

7.1

13.6

14.6

10.8

1.18

EQUITY – DIVIDEND YIELD FUNDS

ICICI Prudential Dividend Yield Equity Fund

52.0

5645

1.8

0.6

1.8

25.3

29.0

15.4

1.13

HYBRID – AGGRESSIVE HYBRID FUNDS

ICICI Prudential Equity & Debt Fund

389.8

44552

1.6

1.0

5.8

20.7

25.1

15.3

1.14

EQUITY – FOCUSED FUNDS

ICICI Prudential Focused Equity Fund

91.4

12244

1.7

0.6

6.9

24.0

24.9

14.7

0.91

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

ICICI Prudential Infrastructure Fund

195.4

8043

1.9

1.1

1.6

32.2

36.7

16.2

1.12

EQUITY – LARGE & MID CAP FUNDS

ICICI Prudential Large & Mid Cap Fund

989.3

22857

1.7

0.8

4.3

22.8

27.4

15.4

1.02

EQUITY – LARGE CAP FUNDS

ICICI Prudential Large Cap Fund

109.4

72336

1.4

0.9

3.2

19.8

21.8

13.8

0.88

EQUITY – SECTOR – IT FUNDS

ICICI Prudential Technology Fund

196.9

14590

1.7

1.0

-1.2

14.6

24.8

17.0

0.74

EQUITY – VALUE FUNDS

ICICI Prudential Value Fund

466.8

54096

1.5

1.0

4.3

23.4

26.8

14.8

1.17

HYBRID – CONSERVATIVE HYBRID FUNDS

Kotak Debt Hybrid Fund

58.5

3134

1.7

0.5

6.0

11.1

11.3

9.6

1.07

EQUITY – MID CAP FUNDS

Motilal Oswal Midcap Fund

101.1

33053

1.6

0.7

3.4

29.7

34.7

17.0

0.92

EQUITY – SECTOR – BANKING FUNDS

Nippon India Banking & Financial Services Fund

632.2

7487

1.8

1.0

12.5

21.0

25.8

13.2

0.77

EQUITY – THEMATIC – CONSUMPTION FUNDS

Nippon India Consumption Fund

198.2

2640

2.0

0.6

-2.3

18.7

23.6

14.0

0.81

EQUITY – MID CAP FUNDS

Nippon India Growth Mid Cap Fund

4137.8

39066

1.6

0.7

4.5

27.3

31.3

17.2

0.95

EQUITY – LARGE CAP FUNDS

Nippon India Large Cap Fund

89.9

43829

1.5

0.7

2.7

21.4

24.6

13.7

0.89

EQUITY – SMALL CAP FUNDS

Nippon India Small Cap Fund

170.4

66602

1.4

0.6

-2.8

26.4

36.3

20.9

0.93

EQUITY – FLEXI CAP FUNDS

Parag Parikh Flexi Cap Fund

84.5

110392

1.3

0.6

10.2

22.4

23.9

17.3

0.97

HYBRID – AGGRESSIVE HYBRID FUNDS

Quant Aggressive Hybrid Fund

415.8

2170

2.0

0.7

-5.5

14.0

23.7

15.3

0.90

EQUITY – TAX SAVING (ELSS) FUNDS

Quant ELSS Tax Saver Fund

358.4

11923

1.6

0.5

-11.0

17.6

29.5

19.9

0.82

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Quant Infrastructure Fund

37.0

3429

1.9

0.7

-14.5

20.8

37.3

17.8

0.91

EQUITY – SMALL CAP FUNDS

Quant Small Cap Fund

256.9

29629

1.6

0.7

-5.2

28.0

40.6

19.6

0.98

HYBRID – CONSERVATIVE HYBRID FUNDS

SBI Conservative Hybrid Fund

72.8

9748

1.5

1.1

6.1

10.8

11.4

9.1

1.21

EQUITY – TAX SAVING (ELSS) FUNDS

SBI ELSS Tax Saver Fund

437.2

30616

1.6

0.9

1.2

26.3

26.1

14.1

0.97

HYBRID – EQUITY SAVINGS FUNDS

Sundaram Equity Savings Fund

70.4

1092

2.2

0.6

6.4

12.0

13.0

9.6

0.97

EQUITY – FOCUSED FUNDS

360 ONE Focused Fund

47.2

7593

1.8

0.8

-1.7

19.1

21.9

15.6

0.74

HYBRID – BALANCED ADVANTAGE FUNDS

Aditya Birla SL Bal Advantage

106.5

8034

1.8

0.7

6.9

14.0

14.2

10.8

0.89

EQUITY – LARGE CAP FUNDS

Aditya Birla Sun Life Large Cap Fund

525.8

30927

1.6

1.0

3.0

17.3

19.9

12.1

0.75

EQUITY – SMALL CAP FUNDS

AXIS Small Cap Fund

107.1

26379

1.6

0.6

5.6

21.9

29.6

18.3

0.92

EQUITY – TAX SAVING (ELSS) FUNDS

Bandhan ELSS Tax Saver Fund

150.9

7151

1.7

0.6

-1.6

17.1

24.7

13.9

0.85

EQUITY – LARGE & MID CAP FUNDS

Bandhan Large & Mid Cap Fund

133.1

9735

1.7

0.6

3.2

25.9

26.9

15.1

0.90

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

BOI AXA Manufacturing & Infra

56.7

607

2.3

0.7

-0.6

27.0

30.3

16.0

0.84

EQUITY – THEMATIC – CONSUMPTION FUNDS

Canara Robeco Consumer Trends Fund

110.4

1925

2.1

0.8

2.4

18.4

21.9

15.2

0.73

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Canara Robeco Infrastructure Fund

159.8

932

2.3

1.0

-0.6

27.7

31.8

15.1

0.90

EQUITY – TAX SAVING (ELSS) FUNDS

DSP ELSS Tax Saver Fund

139.1

17428

1.6

0.7

2.3

21.3

23.9

15.3

0.86

EQUITY – SMALL CAP FUNDS

DSP Small Cap Fund

200.0

17126

1.7

0.8

4.3

22.8

31.1

16.9

0.83

HYBRID – AGGRESSIVE HYBRID FUNDS

Edelweiss Aggressive Hybrid Fund

63.3

2926

1.9

0.4

5.1

19.0

20.1

12.2

0.94

HYBRID – BALANCED ADVANTAGE FUNDS

Edelweiss Balanced Advantage Fund

50.4

13047

1.7

0.5

2.0

13.0

14.0

10.1

0.79

EQUITY – MID CAP FUNDS

Edelweiss Mid Cap Fund

100.0

10988

1.7

0.4

7.5

26.4

31.3

17.4

0.92

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Franklin Build India Fund

141.0

2968

2.0

1.0

-1.9

30.5

32.8

16.7

0.94

EQUITY – DIVIDEND YIELD FUNDS

Franklin India Dividend Yield Fund

136.8

2421

2.1

1.2

-5.7

18.3

26.1

14.9

1.12

EQUITY – TAX SAVING (ELSS) FUNDS

Franklin India ELSS Tax Saver Fund

1478.7

6883

1.8

1.0

1.9

21.1

24.6

12.9

0.82

EQUITY – FLEXI CAP FUNDS

Franklin India Flexi Cap Fund

1637.5

19365

1.7

0.9

2.4

20.9

25.1

13.6

0.84

EQUITY – FOCUSED FUNDS

Franklin India Focused Equity Fund

108.1

12536

1.8

1.0

1.7

18.5

24.1

13.5

0.77

HYBRID – CONSERVATIVE HYBRID FUNDS

HDFC Hybrid Debt Fund

82.3

3401

1.7

1.2

5.6

11.3

11.5

8.9

1.17

EQUITY – LARGE CAP FUNDS

HDFC Large Cap Fund

1137.3

38905

1.6

1.0

0.7

18.5

21.3

12.6

0.80

EQUITY – VALUE FUNDS

HSBC Value Fund

109.9

14054

1.7

0.8

1.8

26.2

27.1

15.8

0.86

HYBRID – CONSERVATIVE HYBRID FUNDS

ICICI Prudential Regular Savings Fund

76.0

3220

1.7

1.0

8.1

10.7

10.2

9.5

1.27

EQUITY – SECTOR – BANKING FUNDS

Invesco India Financial Services Fund

138.7

1456

2.1

0.9

13.9

23.8

22.4

14.4

0.64

HYBRID – AGGRESSIVE HYBRID FUNDS

JM Aggressive Hybrid Fund

120.5

862

2.2

0.5

-4.0

22.2

21.8

12.0

0.87

EQUITY – FLEXI CAP FUNDS

JM Flexicap Fund

96.4

6144

1.8

0.5

-8.9

23.8

25.4

15.4

0.79

HYBRID – AGGRESSIVE HYBRID FUNDS

Kotak Aggressive Hybrid Fund

62.4

7808

1.8

0.5

3.9

16.7

20.1

12.7

0.88

HYBRID – EQUITY SAVINGS FUNDS

Kotak Equity Savings Fund

26.0

8444

1.8

0.7

4.6

11.8

11.5

9.1

1.00

EQUITY – LARGE CAP FUNDS

Kotak Large Cap Fund

567.2

10516

1.7

0.6

1.7

16.7

19.1

12.3

0.72

EQUITY – TAX SAVING (ELSS) FUNDS

Mirae Asset ELSS Tax Saver Fund

48.9

26537

1.5

0.6

3.9

18.3

22.1

–

0.78

EQUITY – TAX SAVING (ELSS) FUNDS

Motilal Oswal ELSS Tax Saver Fund

52.7

4506

1.8

0.6

8.9

28.2

26.3

16.4

0.64

HYBRID – BALANCED ADVANTAGE FUNDS

Nippon India Balanced Advantage Fund

175.9

9391

1.7

0.6

4.0

13.2

13.9

9.6

0.90

EQUITY – FOCUSED FUNDS

Nippon India Focused Fund

121.5

8788

1.8

1.1

2.0

16.4

23.0

13.4

0.78

EQUITY – VALUE FUNDS

Nippon India Value Fund

224.6

8955

1.8

1.1

1.9

23.9

26.7

14.9

0.87

EQUITY – LARGE & MID CAP FUNDS

Nippon India Vision Large & Mid Cap Fund

1450.7

6198

1.9

1.3

3.1

22.7

24.7

12.3

0.85

EQUITY – FLEXI CAP FUNDS

PGIM India Flexi Cap Fund

36.2

6392

1.8

0.4

4.6

14.4

19.8

13.1

0.67

EQUITY – MID CAP FUNDS

PGIM India Midcap Fund

65.0

11640

1.7

0.5

4.6

15.4

26.6

14.8

0.83

EQUITY – MID CAP FUNDS

Quant Mid Cap Fund

215.9

9140

1.7

0.6

-11.9

21.1

30.3

16.5

0.87

EQUITY – TAX SAVING (ELSS) FUNDS

Quantum ELSS Tax Saver Fund

124.1

225

2.0

0.9

1.7

18.8

21.6

12.2

0.89

EQUITY – THEMATIC – CONSUMPTION FUNDS

SBI Consumption Opportunities Fund

306.1

3186

2.0

0.9

-5.6

17.1

26.2

15.3

0.86

HYBRID – EQUITY SAVINGS FUNDS

SBI Equity Savings Fund

24.0

5586

1.6

1.0

6.2

11.8

12.1

8.9

0.85

EQUITY – LARGE & MID CAP FUNDS

SBI Large & Midcap Fund

622.5

33031

1.6

0.7

5.1

20.1

24.7

14.4

0.91

EQUITY – LARGE CAP FUNDS

SBI Large Cap Fund

92.1

53959

1.5

0.8

3.1

15.9

19.3

12.1

0.76

EQUITY – MID CAP FUNDS

SBI Midcap Fund

233.3

23269

1.7

0.9

-0.1

18.6

27.3

14.3

0.95

EQUITY – SECTOR – IT FUNDS

SBI Technology Opportunities Fund

213.5

4829

1.9

0.9

5.2

17.6

24.1

16.5

0.73

EQUITY – SECTOR – BANKING FUNDS

Sundaram Financial Services Opportunities Fund

103.8

1605

2.1

0.8

7.1

21.4

22.5

13.5

0.70

EQUITY – FLEXI CAP FUNDS

Union Flexi Cap Fund

50.9

2401

2.0

0.9

2.5

17.3

20.5

12.1

0.71

HYBRID – AGGRESSIVE HYBRID FUNDS

UTI Aggressive Hybrid Fund

404.1

6468

1.9

1.2

3.6

17.8

20.4

12.1

0.95

EQUITY – LARGE & MID CAP FUNDS

UTI Large & Mid Cap Fund

178.7

4866

1.9

1.1

2.0

22.9

26.2

13.4

0.92

EQUITY – SECTOR – BANKING FUNDS

Aditya Birla SL Bank & Fin Serv

60.9

3625

2.0

1.1

10.6

18.9

21.6

13.2

0.62

EQUITY – SECTOR – IT FUNDS

Aditya Birla Sun Life Digital India Fund

167.8

5001

1.9

0.9

-5.6

14.0

22.5

17.0

0.65

EQUITY – FLEXI CAP FUNDS

Aditya Birla Sun Life Flexi Cap Fund

1775.5

23606

1.7

0.9

4.5

18.8

21.0

13.5

0.73

EQUITY – FOCUSED FUNDS

Aditya Birla Sun Life Focused Fund

139.4

8055

1.8

0.9

2.3

17.1

18.9

12.1

0.73

EQUITY – THEMATIC – CONSUMPTION FUNDS

Aditya Birla Sun Life India GenNext Fund

215.5

6277

1.8

0.8

1.1

16.8

21.0

14.5

0.69

HYBRID – CONSERVATIVE HYBRID FUNDS

Aditya Birla Sun Life Regular Savings Fund

67.2

1391

1.9

1.0

8.7

9.6

11.3

8.5

1.16

HYBRID – BALANCED ADVANTAGE FUNDS

Axis Balanced Advantage Fund

20.9

3342

1.9

0.7

5.4

14.6

13.2

–

0.78

HYBRID – AGGRESSIVE HYBRID FUNDS

Bandhan Aggressive Hybrid Fund

25.8

989

2.3

0.9

9.2

16.4

19.1

–

0.76

EQUITY – FOCUSED FUNDS

Bandhan Focused Fund

88.2

1947

2.1

0.8

12.6

19.9

19.2

12.2

0.62

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Bandhan Infrastructure Fund

50.3

1749

2.1

0.8

-9.4

30.7

34.1

15.0

0.82

EQUITY – LARGE CAP FUNDS

Bandhan Large Cap Fund

76.5

1928

2.0

0.9

2.5

17.4

18.6

12.0

0.66

EQUITY – TAX SAVING (ELSS) FUNDS

Bank of India ELSS Tax Saver

159.1

1432

2.0

0.8

-7.2

20.1

23.3

15.0

0.66

HYBRID – AGGRESSIVE HYBRID FUNDS

Baroda BNP Paribas Aggressive Hybrid Fund

27.7

1245

2.1

0.5

1.9

16.0

16.6

–

0.70

EQUITY – LARGE CAP FUNDS

Baroda BNP Paribas Large Cap Fund

218.4

2719

2.0

0.8

-2.1

17.6

18.6

11.9

0.69

EQUITY – MID CAP FUNDS

Baroda BNP Paribas Mid Cap Fund

100.3

2213

2.0

0.6

-0.3

21.4

26.0

14.4

0.80

HYBRID – CONSERVATIVE HYBRID FUNDS

Canara Robeco Conservative Hybrid Fund

97.4

955

1.8

0.7

7.0

9.1

8.8

7.9

0.82

EQUITY – TAX SAVING (ELSS) FUNDS

Canara Robeco ELSS Tax Saver

174.7

9103

1.7

0.5

1.8

16.6

20.6

13.8

0.75

HYBRID – AGGRESSIVE HYBRID FUNDS

Canara Robeco Equity Hybrid Fund

359.4

11243

1.7

0.6

4.1

15.0

16.3

12.0

0.73

EQUITY – FLEXI CAP FUNDS

Canara Robeco Flexi Cap Fund

339.8

13588

1.7

0.6

4.3

17.0

19.6

13.1

0.70

EQUITY – LARGE & MID CAP FUNDS

Canara Robeco Large and Mid Cap Fund

257.2

26118

1.6

0.6

4.8

18.5

22.3

15.2

0.74

HYBRID – AGGRESSIVE HYBRID FUNDS

DSP Aggressive Hybrid Fund

359.0

11418

1.7

0.7

7.8

17.6

17.8

12.3

0.73

HYBRID – BALANCED ADVANTAGE FUNDS

DSP Dynamic Asset Allocation Fund

27.6

3454

1.9

0.7

6.7

12.2

11.0

9.0

0.71

HYBRID – EQUITY SAVINGS FUNDS

DSP Equity Savings Fund

21.9

3192

1.2

0.4

7.2

10.8

11.5

–

1.09

EQUITY – FLEXI CAP FUNDS

DSP Flexi Cap Fund

102.0

12188

1.7

0.7

1.9

18.8

20.7

13.6

0.66

EQUITY – FOCUSED FUNDS

DSP Focused Fund

54.6

2628

2.0

0.9

5.1

20.0

19.1

11.6

0.68

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

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

312.2

5517

1.9

0.7

-6.1

29.5

33.1

15.6

0.90

EQUITY – LARGE & MID CAP FUNDS

DSP Large & Mid Cap Fund

613.1

15663

1.7

0.6

0.8

21.9

23.2

14.8

0.81

EQUITY – LARGE CAP FUNDS

DSP Large Cap Fund

473.8

6323

1.9

0.9

4.6

20.0

19.3

11.2

0.76

HYBRID – CONSERVATIVE HYBRID FUNDS

DSP Regular Savings Fund

59.0

174

1.2

0.5

7.9

10.5

9.3

7.2

0.92

EQUITY – FLEXI CAP FUNDS

Edelweiss Flexi Cap Fund

37.6

2802

1.9

0.4

0.9

19.8

22.3

13.8

0.75

EQUITY – LARGE & MID CAP FUNDS

Edelweiss Large & Mid Cap Fund

86.0

4139

1.8

0.5

2.6

19.2

22.8

13.9

0.76

EQUITY – LARGE CAP FUNDS

Edelweiss Large Cap Fund

82.9

1322

2.1

0.6

-0.1

16.9

18.4

12.0

0.72

HYBRID – AGGRESSIVE HYBRID FUNDS

Franklin India Aggressive Hybrid Fund

271.1

2248

2.1

1.0

4.1

16.8

18.5

11.3

0.84

HYBRID – CONSERVATIVE HYBRID FUNDS

Franklin India Conservative Hybrid Fund

91.3

206

1.4

0.8

7.4

10.4

9.2

7.6

0.87

EQUITY – LARGE CAP FUNDS

Franklin India Large Cap Fund

1024.0

7984

1.8

1.1

3.6

15.6

19.4

10.8

0.67

HYBRID – EQUITY SAVINGS FUNDS

HDFC Equity Savings Fund

65.8

5663

1.9

0.9

4.5

11.0

12.5

9.6

0.98

HYBRID – AGGRESSIVE HYBRID FUNDS

HDFC Hybrid Equity Fund

119.2

24854

1.7

1.0

4.4

14.9

18.1

10.3

0.87

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

HDFC Infrastructure Fund

47.6

2591

2.0

1.1

-2.1

31.5

34.7

11.2

0.93

EQUITY – SMALL CAP FUNDS

HDFC Small Cap Fund

141.9

35781

1.6

0.7

4.0

26.0

33.6

18.2

0.90

EQUITY – VALUE FUNDS

HDFC Value Fund

740.5

7443

1.8

1.0

3.0

21.5

23.5

13.7

0.83

HYBRID – CONSERVATIVE HYBRID FUNDS

HSBC Conservative Hybrid Fund

61.5

163

2.2

1.3

6.5

10.7

9.1

7.7

0.62

HYBRID – EQUITY SAVINGS FUNDS

HSBC Equity Savings Fund

33.0

649

1.5

0.7

3.4

12.9

13.6

8.6

0.70

EQUITY – FLEXI CAP FUNDS

HSBC Flexi Cap Fund

217.5

5169

1.9

1.2

2.7

21.4

22.0

12.6

0.66

EQUITY – SMALL CAP FUNDS

HSBC Small Cap Fund

82.5

16909

1.7

0.6

-3.1

23.2

34.1

18.7

0.81

EQUITY – SECTOR – BANKING FUNDS

ICICI Prudential Banking & Financial Services Fund

134.8

10088

1.8

1.0

12.7

18.3

21.3

13.4

0.66

EQUITY – TAX SAVING (ELSS) FUNDS

ICICI Pru Long Term Equity

922.9

14661

1.7

1.1

3.6

17.5

21.2

12.8

0.77

HYBRID – EQUITY SAVINGS FUNDS

ICICI Prudential Equity Savings Fund

22.6

14168

1.0

0.5

7.3

9.1

9.6

8.2

1.28

EQUITY – MID CAP FUNDS

ICICI Prudential Midcap Fund

298.4

6824

1.9

1.0

4.6

23.4

28.5

15.0

0.88

EQUITY – SMALL CAP FUNDS

ICICI Prudential Smallcap Fund

88.0

8566

1.8

0.7

-1.2

19.4

31.2

15.4

1.00

HYBRID – BALANCED ADVANTAGE FUNDS

Invesco India Balanced Advantage Fund

53.8

1024

2.1

0.8

4.3

14.8

12.7

9.1

0.63

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Invesco India Infrastructure Fund

64.6

1607

2.1

0.8

-2.6

28.2

30.8

16.3

0.78

EQUITY – LARGE & MID CAP FUNDS

Invesco India Large & Mid Cap Fund

101.9

7887

1.8

0.7

14.1

27.4

25.0

15.4

0.75

EQUITY – LARGE CAP FUNDS

Invesco India Largecap Fund

69.1

1558

2.1

0.8

3.0

18.4

19.3

12.3

0.66

EQUITY – MID CAP FUNDS

Invesco India Midcap Fund

180.8

7406

1.8

0.6

15.8

29.8

29.5

17.6

0.83

EQUITY – TAX SAVING (ELSS) FUNDS

JM ELSS Tax Saver Fund

48.1

209

2.4

1.1

-2.4

21.2

23.8

14.6

0.75

EQUITY – VALUE FUNDS

JM Value Fund

98.0

1110

2.2

0.9

-7.9

26.5

26.6

15.9

0.81

EQUITY – TAX SAVING (ELSS) FUNDS

Kotak ELSS Tax Saver Fund

115.3

6493

1.8

0.6

-1.6

18.2

21.6

13.6

0.73

EQUITY – FLEXI CAP FUNDS

Kotak Flexicap Fund

84.9

54841

1.5

0.6

4.0

18.9

19.9

13.6

0.69

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Kotak Infra & Economic Reform

65.7

2450

2.0

0.7

-6.5

25.6

31.3

15.3

0.83

EQUITY – LARGE & MID CAP FUNDS

Kotak Large & Midcap Fund

339.9

28294

1.6

0.6

1.8

20.9

23.0

14.8

0.79

EQUITY – MID CAP FUNDS

Kotak Midcap Fund

135.6

57102

1.4

0.4

5.4

23.8

29.4

17.6

0.89

EQUITY – SMALL CAP FUNDS

Kotak Small Cap Fund

264.7

18031

1.7

0.5

-2.6

18.9

31.2

17.2

0.87

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

LIC MF Infrastructure Fund

49.7

1053

2.1

0.5

-2.7

30.1

31.8

14.7

0.83

EQUITY – TAX SAVING (ELSS) FUNDS

Mahindra Manulife ELSS Tax Saver Fund

28.4

980

2.1

0.6

-0.4

16.4

21.1

–

0.75

HYBRID – EQUITY SAVINGS FUNDS

Mahi Manu Eq Sav Dhan San Yojana

20.5

571

2.4

0.7

3.6

10.3

11.6

–

0.76

EQUITY – MID CAP FUNDS

Mahindra Manulife Mid Cap Fund

32.8

3990

1.9

0.5

-1.5

25.4

28.7

–

0.82

HYBRID – AGGRESSIVE HYBRID FUNDS

Mirae Asset Aggressive Hybrid Fund

32.2

9313

1.7

0.4

4.5

14.8

16.3

–

0.73

EQUITY – THEMATIC – CONSUMPTION FUNDS

Mirae Asset Great Consumer Fund

92.7

4386

1.8

0.4

-0.9

18.7

22.4

15.2

0.71

EQUITY – LARGE & MID CAP FUNDS

Mirae Asset Large & Midcap Fund

149.4

41202

1.5

0.6

17.4

22.0

16.9

0.74

EQUITY – LARGE CAP FUNDS

Mirae Asset Large Cap Fund

112.3

40725

1.5

0.5

3.4

14.4

17.4

12.8

0.66

EQUITY – FLEXI CAP FUNDS

Motilal Oswal Flexi Cap Fund

61.2

13894

1.7

0.9

8.4

25.0

19.4

12.8

0.59

HYBRID – AGGRESSIVE HYBRID FUNDS

Nippon India Aggressive Hybrid Fund

104.3

3988

2.0

1.1

4.6

17.2

19.3

9.9

0.85

EQUITY – TAX SAVING (ELSS) FUNDS

Nippon India ELSS Tax Saver Fund

128.4

15623

1.7

1.0

0.3

19.7

23.6

10.6

0.79

EQUITY – TAX SAVING (ELSS) FUNDS

PGIM India ELSS Tax Saver Fund

35.1

798

2.2

0.7

4.6

15.3

20.5

–

0.73

EQUITY – FOCUSED FUNDS

Quant Focused Fund

85.0

1074

2.2

0.7

-9.1

17.2

22.6

14.0

0.69

EQUITY – LARGE & MID CAP FUNDS

Quant Large & Mid Cap Fund

114.4

3840

1.9

0.6

-11.1

19.7

23.7

15.9

0.70

EQUITY – SECTOR – BANKING FUNDS

SBI Banking & Financial Services Fund

42.7

8538

1.8

0.8

15.8

21.1

21.7

15.8

0.65

HYBRID – AGGRESSIVE HYBRID FUNDS

SBI Equity Hybrid Fund

301.9

78708

1.4

0.7

10.0

15.3

16.8

12.1

0.82

EQUITY – FOCUSED FUNDS

SBI Focused Fund

351.0

38610

1.6

0.8

8.0

16.9

19.9

14.5

0.71

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

SBI Infrastructure Fund

48.9

5195

1.9

1.0

-7.1

25.4

27.6

15.2

0.92

HYBRID – AGGRESSIVE HYBRID FUNDS

Sundaram Aggressive Hybrid Fund

160.9

6429

1.8

0.7

3.2

14.4

16.5

12.0

0.75

EQUITY – TAX SAVING (ELSS) FUNDS

Sundaram ELSS Tax Saver Fund

511.0

1395

2.2

1.7

3.7

17.0

21.1

13.4

0.76

EQUITY – FOCUSED FUNDS

Sundaram Focused Fund

160.1

1113

2.3

1.3

0.0

16.3

19.2

12.9

0.63

EQUITY – MID CAP FUNDS

Sundaram Mid Cap Fund

1372.7

12818

1.7

0.9

5.0

25.7

28.0

14.5

0.83

EQUITY – SMALL CAP FUNDS

Sundaram Small Cap Fund

259.9

3439

1.9

0.9

3.3

23.3

31.0

13.6

0.82

EQUITY – SECTOR – BANKING FUNDS

Tata Banking and Financial Services Fund

43.4

2958

1.9

0.5

15.0

21.3

20.4

–

0.62

HYBRID – EQUITY SAVINGS FUNDS

Tata Equity Savings Fund

55.1

268

1.1

0.5

6.1

10.3

10.2

7.3

0.97

EQUITY – THEMATIC – CONSUMPTION FUNDS

Tata India Consumer Fund

44.4

2457

2.0

0.7

3.2

19.4

21.4

–

0.63

EQUITY – LARGE & MID CAP FUNDS

Tata Large & Mid Cap Fund

530.4

8887

1.7

0.6

1.1

18.1

20.8

13.2

0.78

EQUITY – LARGE CAP FUNDS

Tata Large Cap Fund

496.4

2702

2.0

1.0

-1.3

16.1

19.2

11.3

0.73

EQUITY – MID CAP FUNDS

Tata Mid Cap Fund

431.8

4985

1.9

0.7

-1.7

22.2

26.4

15.1

0.82

EQUITY – VALUE FUNDS

Templeton India Value Fund

711.4

2299

2.0

0.9

-3.8

20.9

27.9

13.9

0.98

HYBRID – BALANCED ADVANTAGE FUNDS

Union Balanced Advantage Fund

20.2

1395

2.2

1.0

3.3

11.0

11.1

–

0.73

EQUITY – TAX SAVING (ELSS) FUNDS

Union ELSS Tax Saver Fund

64.6

927

2.3

1.4

2.1

17.4

21.1

11.9

0.74

EQUITY – SMALL CAP FUNDS

Union Small Cap Fund

48.7

1672

2.1

1.0

0.9

19.6

29.4

14.4

0.75

HYBRID – CONSERVATIVE HYBRID FUNDS

UTI Conservative Hybrid Fund

69.6

1706

1.8

1.2

7.3

10.5

11.2

8.3

1.10

EQUITY – DIVIDEND YIELD FUNDS

UTI Dividend Yield Fund

175.6

4127

2.0

1.4

-0.6

20.9

22.0

13.6

0.82

EQUITY – LARGE CAP FUNDS

UTI Large Cap Fund

271.8

13074

1.7

0.9

0.8

13.9

17.8

11.3

0.64

EQUITY – MID CAP FUNDS

UTI Mid Cap Fund

300.5

12224

1.8

0.9

-1.1

18.4

24.9

13.8

0.74

EQUITY – VALUE FUNDS

UTI Value Fund

168.1

10117

1.8

1.1

3.0

20.2

22.7

13.2

0.84

HYBRID – BALANCED ADVANTAGE FUNDS

UTI-Unit Linked Insurance Plan

42.1

5489

1.6

1.0

8.4

9.9

10.9

8.0

0.70

EQUITY – DIVIDEND YIELD FUNDS

Aditya Birla Sun Life Dividend Yield Fund

439.2

1524

2.2

1.4

-5.3

21.9

22.9

11.9

0.80

HYBRID – AGGRESSIVE HYBRID FUNDS

Aditya Birla Sun Life Equity Hybrid ’95 Fund

1522.8

7650

1.8

1.1

3.4

14.4

16.9

10.3

0.70

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Aditya Birla Sun Life Infrastructure Fund

95.1

1171

2.3

1.4

-4.5

27.5

30.2

13.4

0.77

EQUITY – MID CAP FUNDS

Aditya Birla Sun Life Midcap Fund

789.5

6205

1.9

1.0

3.1

20.5

26.4

13.4

0.80

HYBRID – CONSERVATIVE HYBRID FUNDS

Axis Conservative Hybrid Fund

30.1

289

2.2

0.9

6.4

7.9

8.1

6.8

0.64

HYBRID – EQUITY SAVINGS FUNDS

Axis Equity Savings Fund

22.1

952

2.3

1.1

4.6

10.5

10.7

–

0.71

EQUITY – FLEXI CAP FUNDS

Axis Flexi Cap Fund

26.9

13316

1.7

0.7

6.3

16.4

17.7

–

0.54

EQUITY – MID CAP FUNDS

Axis Midcap Fund

112.9

32069

1.6

0.5

4.0

20.3

23.7

15.3

0.72

HYBRID – BALANCED ADVANTAGE FUNDS

Bandhan Balanced Advantage Fund

24.2

2302

2.0

0.8

5.1

11.7

10.8

8.4

0.54

HYBRID – EQUITY SAVINGS FUNDS

Bandhan Equity Savings Fund

31.2

347

1.1

0.2

5.6

8.1

8.4

6.6

0.89

EQUITY – FLEXI CAP FUNDS

Bandhan Flexi Cap Fund

207.9

7607

1.9

1.1

3.0

17.0

19.7

10.7

0.69

EQUITY – LARGE & MID CAP FUNDS

BOI Large & Mid Cap Equity Fund

86.7

418

2.3

1.1

-3.6

18.3

21.0

11.9

0.68

EQUITY – SECTOR – BANKING FUNDS

Baroda BNP Paribas Bank&Fin Serv

48.1

290

2.4

0.8

16.3

19.4

19.8

11.5

0.58

EQUITY – TAX SAVING (ELSS) FUNDS

Baroda BNP Paribas ELSS Tax Saver Fund

94.8

934

2.2

1.0

4.0

19.5

19.2

11.7

0.63

EQUITY – FOCUSED FUNDS

Baroda BNP Paribas Focused Fund

22.0

718

2.3

0.5

-3.0

16.2

18.2

–

0.54

EQUITY – TAX SAVING (ELSS) FUNDS

Edelweiss Long Term Equity

109.0

431

2.3

0.7

1.2

17.4

20.0

11.3

0.68

EQUITY – LARGE & MID CAP FUNDS

Franklin India Large & Mid Cap Fund

191.2

3684

2.0

1.3

4.8

17.4

23.1

11.6

0.76

EQUITY – MID CAP FUNDS

Franklin India Mid Cap Fund

2760.2

12785

1.8

0.9

3.5

24.9

26.3

15.0

0.78

EQUITY – SMALL CAP FUNDS

Franklin India Small Cap Fund

173.7

13995

1.7

0.9

-4.8

26.2

33.1

16.0

0.87

HYBRID – BALANCED ADVANTAGE FUNDS

HSBC Balanced Advantage Fund

43.4

1555

2.1

0.8

4.0

12.7

10.6

7.7

0.63

EQUITY – TAX SAVING (ELSS) FUNDS

HSBC ELSS Tax saver Fund

133.9

4251

1.9

1.1

3.7

21.7

21.8

13.1

0.66

EQUITY – LARGE CAP FUNDS

HSBC Large Cap Fund

468.5

1888

2.1

1.2

0.3

15.8

17.5

11.8

0.59

EQUITY – MID CAP FUNDS

HSBC Midcap Fund

385.3

12146

1.7

0.7

3.0

24.6

25.4

15.6

0.67

HYBRID – AGGRESSIVE HYBRID FUNDS

Invesco India Aggressive Hybrid Fund

22.6

742

2.3

0.8

6.4

17.9

16.7

–

0.67

EQUITY – TAX SAVING (ELSS) FUNDS

Invesco India ELSS Tax Saver Fund

126.4

2911

1.9

0.8

2.8

19.4

19.7

13.1

0.61

EQUITY – FOCUSED FUNDS

JM Focused Fund

19.4

290

2.4

0.7

-4.6

19.7

20.1

12.4

0.59

EQUITY – LARGE CAP FUNDS

JM Large Cap Fund

151.6

540

2.4

0.7

-7.0

17.3

16.9

10.3

0.60

EQUITY – TAX SAVING (ELSS) FUNDS

LIC MF ELSS Tax Saver

152.5

1143

2.1

0.9

2.1

17.2

19.7

11.6

0.69

EQUITY – FOCUSED FUNDS

LIC MF Focused Fund

21.6

171

2.5

1.6

0.1

14.3

17.2

–

0.59

EQUITY – LARGE & MID CAP FUNDS

LIC MF Large & Midcap Fund

38.6

3169

1.9

0.6

-0.1

18.0

21.7

14.1

0.72

EQUITY – LARGE CAP FUNDS

LIC MF Large Cap Fund

55.7

1505

2.1

1.0

0.0

13.4

16.0

10.1

0.56

HYBRID – AGGRESSIVE HYBRID FUNDS

Navi Aggressive Hybrid Fund

20.7

125

2.3

0.4

4.4

14.7

15.2

–

0.66

HYBRID – CONSERVATIVE HYBRID FUNDS

Nippon India Conservative Hybrid Fund

58.0

895

1.9

1.1

8.2

9.1

8.9

5.6

1.26

EQUITY – VALUE FUNDS

Quantum Value Fund

125.0

1216

2.0

1.1

1.7

19.0

21.7

12.1

0.89

EQUITY – FLEXI CAP FUNDS

SBI Flexicap Fund

107.8

22500

1.7

0.9

-0.2

14.3

18.8

12.4

0.69

EQUITY – SMALL CAP FUNDS

SBI Small Cap Fund

174.3

35696

1.6

0.8

-3.0

19.2

27.6

18.3

0.86

HYBRID – BALANCED ADVANTAGE FUNDS

Sundaram Balanced Advantage Fund

35.1

1597

2.1

0.6

3.5

12.2

10.5

7.6

0.57

EQUITY – THEMATIC – CONSUMPTION FUNDS

Sundaram Consumption Fund

97.3

1596

2.2

1.3

1.6

17.9

19.9

13.7

0.66

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Sundaram Infrastructure Advantage Fund

94.5

982

2.4

1.9

-1.2

24.9

28.1

13.5

0.80

EQUITY – LARGE & MID CAP FUNDS

Sundaram Large and Mid Cap Fund

84.5

6893

1.8

0.8

1.2

17.7

21.3

13.6

0.68

HYBRID – AGGRESSIVE HYBRID FUNDS

Tata Aggressive Hybrid Fund

433.9

4131

1.9

1.0

0.6

13.3

16.0

9.7

0.72

EQUITY – SECTOR – IT FUNDS

Tata Digital India Fund

46.3

12216

1.7

0.4

-5.4

14.3

23.1

–

0.65

EQUITY – TAX SAVING (ELSS) FUNDS

Tata ELSS Fund

44.1

4711

1.8

0.7

1.7

17.5

20.5

13.8

0.71

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Tata Infrastructure Fund

173.1

2287

2.1

1.1

-12.3

23.1

30.2

14.5

0.79

EQUITY – VALUE FUNDS

Tata Value Fund

347.9

8840

1.8

0.8

-2.8

21.9

21.7

14.4

0.77

EQUITY – LARGE CAP FUNDS

Union Largecap Fund

23.3

465

2.5

1.5

-0.4

14.3

17.1

–

0.62

EQUITY – SECTOR – BANKING FUNDS

UTI Banking and Financial Services Fund

189.8

1356

2.2

1.1

13.3

19.2

21.3

10.9

0.63

EQUITY – FLEXI CAP FUNDS

UTI Flexi Cap Fund

324.9

26325

1.7

1.0

5.7

12.4

17.4

12.0

0.54

EQUITY – THEMATIC – CONSUMPTION FUNDS

UTI India Consumer Fund

56.5

711

2.5

1.6

-2.9

14.2

17.0

10.6

0.53

EQUITY – TAX SAVING (ELSS) FUNDS

Aditya Birla Sun Life ELSS Tax Saver Fund

60.6

15870

1.7

0.9

2.6

15.5

14.7

10.6

0.49

HYBRID – EQUITY SAVINGS FUNDS

Aditya Birla Sun Life Equity Savings Fund

22.0

689

1.1

0.6

7.3

9.4

9.9

7.7

0.61

EQUITY – LARGE & MID CAP FUNDS

Aditya Birla Sun Life Large & Mid Cap Fund

898.4

5939

1.9

1.1

-0.2

15.8

18.6

11.5

0.52

EQUITY – SMALL CAP FUNDS

Aditya Birla Sun Life Small Cap Fund

86.8

5134

1.9

0.9

-2.4

20.6

27.3

13.2

0.70

EQUITY – VALUE FUNDS

Aditya Birla Sun Life Value Fund

123.2

6371

1.9

1.0

-3.7

21.7

25.0

11.9

0.69

EQUITY – TAX SAVING (ELSS) FUNDS

Axis ELSS Tax Saver Fund

96.3

36258

1.5

0.8

3.9

15.1

16.7

11.9

0.47

EQUITY – FOCUSED FUNDS

Axis Focused Fund

55.3

13025

1.7

0.8

5.7

12.2

14.4

11.6

0.40

EQUITY – LARGE CAP FUNDS

Axis Large Cap Fund

60.3

34374

1.6

0.7

2.3

13.2

14.8

11.7

0.50

HYBRID – CONSERVATIVE HYBRID FUNDS

Bandhan Conservative Hybrid Fund

32.0

116

2.0

1.1

5.0

7.6

6.7

6.6

0.50

HYBRID – BALANCED ADVANTAGE FUNDS

Bank of India Balanced Advantage Fund

24.7

143

2.3

1.2

-0.7

11.6

11.2

7.0

0.51

HYBRID – CONSERVATIVE HYBRID FUNDS

Baroda BNP Paribas Conser Hybrid

44.8

832

2.0

0.5

6.1

9.0

7.7

7.2

0.64

EQUITY – MID CAP FUNDS

DSP Midcap Fund

146.3

19559

1.7

0.7

0.6

20.4

21.0

14.4

0.63

EQUITY – SECTOR – IT FUNDS

Franklin India Technology Fund

513.0

1949

2.0

1.0

-1.8

22.4

21.4

16.2

0.64

EQUITY – LARGE CAP FUNDS

Groww Largecap Fund

42.6

130

2.5

1.3

-0.4

15.5

16.4

10.9

0.57

HYBRID – AGGRESSIVE HYBRID FUNDS

HSBC Aggressive Hybrid Fund

55.2

5566

1.9

0.8

1.8

16.4

10.8

0.54

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

HSBC Infrastructure Fund

46.6

2474

2.0

1.0

-6.8

26.3

29.9

15.0

0.78

EQUITY – THEMATIC – CONSUMPTION FUNDS

ICICI Prudential FMCG Fund

473.0

2044

2.1

1.3

-9.4

8.8

14.4

11.4

0.53

HYBRID – AGGRESSIVE HYBRID FUNDS

LIC MF Aggressive Hybrid Fund

195.9

545

2.5

1.4

3.6

14.2

13.8

8.7

0.56

EQUITY – SECTOR – BANKING FUNDS

LIC MF Banking & Financial Services Fund

21.3

282

2.4

1.1

8.1

15.8

18.4

8.0

0.53

EQUITY – FLEXI CAP FUNDS

LIC MF Flexi Cap Fund

97.3

1021

2.3

1.3

-4.0

15.4

16.2

9.2

0.50

EQUITY – MID CAP FUNDS

LIC MF Midcap Fund

29.1

345

2.5

1.3

-0.7

21.7

23.7

–

0.67

EQUITY – SMALL CAP FUNDS

LIC MF Small Cap Fund

30.8

605

2.4

0.9

-4.0

22.1

30.9

–

0.76

HYBRID – BALANCED ADVANTAGE FUNDS

Motilal Oswal Balanced Advantage Fund

19.5

913

2.2

0.9

-9.2

9.8

7.7

–

0.23

EQUITY – FOCUSED FUNDS

Motilal Oswal Focused Fund

43.9

1564

2.1

1.0

-6.8

12.1

14.0

10.1

0.38

EQUITY – LARGE & MID CAP FUNDS

Navi Large & Midcap Fund

35.2

328

2.3

0.4

-0.2

14.7

20.6

–

0.67

HYBRID – EQUITY SAVINGS FUNDS

Nippon India Equity Savings Fund

16.0

753

1.8

0.7

4.2

9.1

9.6

4.5

0.76

HYBRID – AGGRESSIVE HYBRID FUNDS

PGIM India Aggressive Hybrid Equity Fund

130.8

220

2.3

0.8

7.1

14.3

14.6

8.3

0.56

EQUITY – LARGE CAP FUNDS

PGIM India Large Cap Fund

337.8

620

2.4

0.8

1.7

13.9

15.8

10.1

0.57

EQUITY – DIVIDEND YIELD FUNDS

Sundaram Dividend Yield Fund

133.4

915

2.3

1.1

-4.5

17.4

20.2

13.8

0.77

EQUITY – FLEXI CAP FUNDS

Taurus Flexi Cap Fund

223.8

366

2.6

-4.8

15.7

17.6

8.7

0.58

EQUITY – MID CAP FUNDS

Taurus Mid Cap Fund

122.2

133

2.6

2.2

-3.9

20.1

23.0

14.3

0.65

EQUITY – TAX SAVING (ELSS) FUNDS

UTI ELSS Tax Saver Fund

204.4

3882

1.9

0.9

-0.7

14.6

19.0

11.8

0.63

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

UTI Infrastructure Fund

141.2

2272

2.2

1.8

-4.1

22.9

26.3

12.1

0.78

EQUITY – THEMATIC – MNC FUNDS

Aditya Birla Sun Life MNC Fund

–

1372.5

3775

2.0

1.3

-2.1

13.4

13.3

8.6

0.43

HYBRID – AGGRESSIVE HYBRID FUNDS

Axis Aggressive Hybrid Fund

–

20.5

1594

2.1

1.1

4.6

12.1

14.1

–

0.55

EQUITY – LARGE & MID CAP FUNDS

Axis Large & Mid Cap Fund

–

32.7

14954

1.7

0.6

5.1

19.3

23.1

–

0.68

HYBRID – CONSERVATIVE HYBRID FUNDS

Bank of India Conservative Hybrid Fund

–

34.2

2.1

1.1

3.8

8.0

11.7

7.6

1.07

EQUITY – SMALL CAP FUNDS

Bank of India Small Cap Fund

–

47.2

1908

2.0

0.5

0.3

24.0

33.1

–

0.81

HYBRID – BALANCED ADVANTAGE FUNDS

Baroda BNP Paribas Balanced Advantage Fund

–

24.5

4413

1.9

0.7

6.7

15.9

15.2

–

0.75

EQUITY – THEMATIC – CONSUMPTION FUNDS

Baroda BNP Paribas India Consumption Fund

–

31.1

1477

2.1

0.7

-2.0

16.7

19.9

–

0.63

EQUITY – MULTI CAP FUNDS

Baroda BNP Paribas Multi Cap Fund

–

283.5

2944

2.0

0.9

1.7

20.9

24.4

13.4

0.73

EQUITY – SMALL CAP FUNDS

Canara Robeco Small Cap Fund

–

39.3

13104

1.7

0.5

-0.7

18.6

31.9

–

0.89

EQUITY – SECTOR – PHARMA FUNDS

DSP Healthcare Fund

–

40.6

3057

1.9

0.6

11.9

26.3

22.6

–

0.76

EQUITY – SMALL CAP FUNDS

Edelweiss Small Cap Fund

–

44.3

4930

1.8

0.4

2.8

23.1

32.5

–

0.91

HYBRID – EQUITY SAVINGS FUNDS

Franklin India Equity Savings Fund

–

16.4

667

1.1

0.3

5.7

9.0

10.2

–

0.75

HYBRID – AGGRESSIVE HYBRID FUNDS

Groww Aggressive Hybrid Fund

–

20.7

2.4

1.4

0.4

13.6

15.0

–

0.63

EQUITY – TAX SAVING (ELSS) FUNDS

Groww ELSS Tax Saver Fund

–

20.0

2.3

0.9

-0.3

15.9

16.9

–

0.56

EQUITY – VALUE FUNDS

Groww Value Fund

–

27.1

2.3

0.9

3.9

18.2

20.3

–

0.72

EQUITY – LARGE & MID CAP FUNDS

HSBC Large & Mid Cap Fund

–

26.4

4365

1.9

0.8

0.2

21.0

22.8

–

0.60

EQUITY – TAX SAVING (ELSS) FUNDS

HSBC Tax Saver Equity Fund

–

95.6

253

2.5

1.8

10.6

21.5

22.7

13.2

0.69

EQUITY – MULTI CAP FUNDS

ICICI Prudential Multicap Fund

–

794.2

15533

1.7

0.9

2.1

22.3

25.1

14.4

0.87

EQUITY – SECTOR – PHARMA FUNDS

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

–

40.9

5728

1.9

1.1

17.9

29.6

24.3

–

0.85

EQUITY – CONTRA FUNDS

Invesco India Contra Fund

–

136.0

19257

1.6

0.6

5.0

22.3

22.8

15.4

0.77

HYBRID – EQUITY SAVINGS FUNDS

Invesco India Equity Savings Fund

–

17.0

426

2.3

0.7

5.4

11.8

9.6

–

0.59

EQUITY – MULTI CAP FUNDS

Invesco India Multicap Fund

–

131.0

4182

1.9

0.7

3.6

21.1

23.7

13.6

0.70

EQUITY – SMALL CAP FUNDS

Invesco India Smallcap Fund

–

42.3

7425

1.8

0.4

9.0

28.0

32.5

–

0.85

HYBRID – BALANCED ADVANTAGE FUNDS

Kotak Balanced Advantage Fund

–

20.5

17677

1.7

0.6

5.1

12.8

12.4

–

0.80

EQUITY – CONTRA FUNDS

Kotak Contra Fund

–

148.7

4502

1.9

0.6

-0.4

22.7

23.8

15.0

0.84

HYBRID – CONSERVATIVE HYBRID FUNDS

LIC MF Conservative Hybrid Fund

–

81.9

2.3

1.2

5.3

6.9

6.2

6.4

0.48

EQUITY – DIVIDEND YIELD FUNDS

LIC MF Dividend Yield Fund

–

30.6

613

2.3

0.6

0.5

23.6

23.0

–

0.76

HYBRID – EQUITY SAVINGS FUNDS

LIC MF Equity Savings Fund

–

27.7

2.3

1.3

7.1

10.1

10.4

7.0

0.62

EQUITY – SECTOR – PHARMA FUNDS

LIC MF Healthcare Fund

–

30.0

2.5

1.2

13.2

21.5

17.3

–

0.57

EQUITY – VALUE FUNDS

LIC MF Value Fund

–

24.1

169

2.4

1.0

-3.0

16.9

20.3

–

0.57

EQUITY – THEMATIC – CONSUMPTION FUNDS

Mahindra Manulife Consumption Fund

–

22.4

513

2.4

0.7

-4.3

16.4

19.3

–

0.62

EQUITY – LARGE CAP FUNDS

Mahindra Manulife Large Cap Fund

–

22.9

730

2.3

0.7

-1.0

15.4

18.4

–

0.69

EQUITY – MULTI CAP FUNDS

Mahindra Manulife Multi Cap Fund

–

35.6

5762

1.8

0.4

2.5

22.7

26.1

–

0.77

HYBRID – EQUITY SAVINGS FUNDS

Mirae Asset Equity Savings Fund

–

20.3

1507

1.4

0.4

7.1

11.8

12.5

–

0.96

EQUITY – SECTOR – PHARMA FUNDS

Mirae Asset Healthcare Fund

–

39.7

2785

1.9

0.5

13.3

23.8

21.7

–

0.73

EQUITY – TAX SAVING (ELSS) FUNDS

Navi ELSS Tax Saver Fund

–

28.4

2.3

0.4

-4.4

14.1

16.6

–

0.56

EQUITY – FLEXI CAP FUNDS

Navi Flexi Cap Fund

–

22.6

262

2.3

0.4

-1.9

14.5

18.0

–

0.61

EQUITY – MULTI CAP FUNDS

Nippon India Multi Cap Fund

–

299.1

45366

1.5

0.7

3.4

25.7

31.3

14.7

0.97

EQUITY – SECTOR – PHARMA FUNDS

Nippon India Pharma Fund

–

529.7

8569

1.8

0.9

11.8

25.1

21.9

14.4

0.73

HYBRID – EQUITY SAVINGS FUNDS

PGIM India Equity Savings Fund

–

49.3

1.3

0.6

5.8

7.4

8.9

7.0

1.10

EQUITY – FLEXI CAP FUNDS

Quant Flexi Cap Fund

–

96.5

7326

1.8

0.6

-10.9

20.1

29.8

18.0

0.83

EQUITY – MULTI CAP FUNDS

Quant Multi Cap Fund

–

620.5

10130

1.7

0.6

-13.2

15.4

25.9

17.1

0.71

EQUITY – CONTRA FUNDS

SBI Contra Fund

–

382.0

47390

1.5

0.7

-1.0

22.6

31.3

15.7

1.22

EQUITY – SECTOR – PHARMA FUNDS

SBI Healthcare Opportunities Fund

–

441.1

3849

1.9

0.9

18.4

28.6

23.8

12.0

0.84

EQUITY – THEMATIC – MNC FUNDS

SBI MNC Fund

–

365.2

6309

1.9

1.2

-2.0

10.2

15.6

10.3

0.55

HYBRID – AGGRESSIVE HYBRID FUNDS

Shriram Aggressive Hybrid Fund

–

31.3

2.4

1.0

-3.9

12.1

13.0

8.8

0.51

EQUITY – TAX SAVING (ELSS) FUNDS

Shriram ELSS Tax Saver Fund

–

21.1

2.3

0.8

-10.3

12.4

14.0

–

0.41

EQUITY – FLEXI CAP FUNDS

Shriram Flexi Cap Fund

–

20.2

141

2.4

0.9

-11.1

12.5

14.7

–

0.43

HYBRID – CONSERVATIVE HYBRID FUNDS

Sundaram Conservative Hybrid Fund

–

29.6

2.2

1.2

5.1

8.1

8.4

6.8

0.84

EQUITY – TAX SAVING (ELSS) FUNDS

Sundaram Diversified Equity

–

221.5

1519

2.1

1.6

2.9

15.4

19.7

11.2

0.73

EQUITY – MULTI CAP FUNDS

Sundaram Multi Cap Fund

–

379.3

2853

2.0

0.9

2.5

18.8

23.3

14.4

0.77

HYBRID – BALANCED ADVANTAGE FUNDS

Tata Balanced Advantage Fund

–

20.5

10353

1.7

0.4

2.4

12.0

13.0

–

0.91

EQUITY – FLEXI CAP FUNDS

Tata Flexi Cap Fund

–

24.4

3419

1.9

0.6

5.8

17.6

18.2

–

0.67

EQUITY – SECTOR – PHARMA FUNDS

Tata India Pharma & Healthcare Fund

–

31.0

1282

2.1

0.6

10.6

24.5

21.8

–

0.73

EQUITY – SMALL CAP FUNDS

Tata Small Cap Fund

–

40.8

11164

1.7

0.3

0.6

25.3

32.7

–

0.90

EQUITY – SECTOR – BANKING FUNDS

Taurus Banking & Financial Services Fund

–

54.3

2.4

1.6

8.5

17.9

19.2

12.0

0.57

EQUITY – TAX SAVING (ELSS) FUNDS

Taurus ELSS Tax Saver Fund

–

186.3

2.4

1.8

2.8

19.8

19.6

12.7

0.74

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Taurus Infrastructure Fund

–

67.3

2.5

2.0

-3.9

21.2

23.9

13.5

0.67

EQUITY – LARGE CAP FUNDS

Taurus Large Cap Fund

–

156.5

2.6

2.4

-1.5

16.2

17.5

9.1

0.56

HYBRID – EQUITY SAVINGS FUNDS

Union Equity Savings Fund

–

16.8

139

2.0

1.5

4.2

8.8

8.4

–

0.66

EQUITY – VALUE FUNDS

Union Value Fund

–

28.2

333

2.5

1.2

2.0

20.1

22.1

–

0.79

HYBRID – EQUITY SAVINGS FUNDS

UTI Equity Savings Fund

–

18.2

707

1.6

0.7

4.7

11.3

11.9

–

1.04

EQUITY – SECTOR – PHARMA FUNDS

UTI Healthcare Fund

–

296.5

1099

2.3

1.3

17.0

26.8

22.0

12.0

0.71

EQUITY – THEMATIC – MNC FUNDS

UTI MNC Fund

–

386.2

2867

2.0

1.2

-5.7

12.4

14.5

9.4

0.52

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Why ICICI Prudential Equity & Debt Fund Is A Good Choice

by Hansraj Agrawal | Jul 19, 2025 | Share Market

Aggressive hybrid funds appeal to two categories of investors: newcomers to equity investing who want a gentler introduction to stock market participation, and those approaching retirement who are looking to transition their portfolios away from higher-risk investments toward more conservative options.

One of the consistent performers in this segment is the ICICI Prudential Equity & Debt Fund (IEDF). Formerly known as the ICICI Prudential Balanced Fund, it stands out as one of the oldest hybrid funds in the Indian mutual fund industry. Launched in November 1999, the fund has delivered an impressive compounded annualised return of 16 per cent since inception.

As per SEBI’s mandate for aggressive hybrid funds, IEDF maintains between 65 and 80 per cent of its assets in equities, with the remaining portion invested in debt instruments. It follows a quantitative investment model, ensuring disciplined allocation between equity and debt, based on key valuation metrics and macroeconomic indicators. Over the past five years, equity exposure has remained between 65 and 75 per cent, depending on market conditions.

Equity strategy

In equities, the fund employs value investing by purchasing fundamentally strong companies at low valuations. It also adopts a contrarian approach investing in out-of-favour sectors when others are selling. Additionally, it focuses on thematic investing by identifying sectors that ride on macro changes.

The fund’s sector allocation changes dynamically with market cycles. From 2018 to 2020, it took a contrarian stance by investing significantly in sectors like telecom, power, metals, and oil & gas, with each accounting for 10–15 per cent of the portfolio. These allocations contributed meaningfully to returns in the following years. At present, the fund leans towards sectors such as power, telecom, pharmaceuticals, and banking, while remaining underweight on IT and FMCG. In the small-cap segment, it selectively picks hotel and construction stocks through a bottom-up approach.

The fund has demonstrated a clear preference for large-cap stocks, maintaining an average allocation of 61 per cent to large-caps, with mid-caps and small-caps receiving around 4.5 per cent and 4 per cent respectively over the last five years.

Debt strategy

The fund actively manages its debt allocation in line with its mandate to maintain a minimum 20 per cent exposure to debt instruments. It adopts a flexible approach, balancing short and long-term instruments while dynamically shifting between accrual and duration strategies based on the interest rate outlook. In rising rate scenarios, the fund favours higher carry through increased exposure to non-AAA papers, which offer attractive yields and spreads. For instance, during the rising rate period of 2020–2021, non-AAA allocation peaked at 24 per cent. When rate cuts are expected, the fund pivots to government securities to capitalise on duration gains. It increased AAA and G-sec holdings to 17 per cent in 2024–2025. Currently, these stand at around 15 per cent, while non-AAA exposure has declined to 5 per cent. The latest portfolio includes 0.3 per cent in ‘A’-rated Yes Bank and ‘AA’-rated names like Avanse, Indostar, JM Financial, and Macrotech.

Performance

IEDF’s performance over the 2020–2025 period has been notable, driven by its valuation-conscious investing and counter-cyclical positioning. It consistently ranked in the top two quartiles among peers for most time periods over the last seven years. Notably, it delivered top-two-quartile one-year returns in 80 per cent of rolling periods during this timeframe.

A look at five-year rolling returns over the last 10 years reveals that the fund posted an average annual return of 16.4 per cent, significantly outperforming the category average of 12.5 per cent. The five-year return range has varied between 5.8 per cent and 30 per cent, indicating both resilience and potential upside.

From a cost perspective, the regular plan of the fund has an expense ratio of 1.57 per cent, lower than the category average of 2 per cent. The direct plan, however, has an expense ratio of 0.97 per cent, slightly higher than the category average of 0.82 per cent.

Published on July 19, 2025

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Mutual Funds returns

by Hansraj Agrawal | Jul 19, 2025 | Share Market

EQUITY – FOCUSED FUNDS

360 ONE Focused Fund

47.3

7593

1.8

0.8

-2.3

20.0

22.5

15.5

0.75

EQUITY – TAX SAVING (ELSS) FUNDS

Bank of India ELSS Tax Saver

162.5

1432

2.0

0.8

-6.8

21.7

24.5

15.1

0.67

HYBRID – AGGRESSIVE HYBRID FUNDS

BOI AXA Mid & Small Cap Eq&Debt

38.7

1250

2.1

0.7

1.1

22.8

26.7

–

0.75

EQUITY – THEMATIC – CONSUMPTION FUNDS

Canara Robeco Consumer Trends Fund

110.4

1925

2.1

0.8

2.9

19.2

22.4

15.1

0.75

EQUITY – LARGE CAP FUNDS

Canara Robeco Large Cap Fund

63.0

16617

1.6

0.5

3.2

17.9

19.0

13.1

0.72

HYBRID – BALANCED ADVANTAGE FUNDS

Edelweiss Balanced Advantage Fund

50.7

13047

1.7

0.5

1.9

13.9

14.7

10.0

0.81

HYBRID – EQUITY SAVINGS FUNDS

Edelweiss Equity Savings Fund

25.2

670

1.6

0.6

8.0

11.9

11.0

8.8

1.00

EQUITY – DIVIDEND YIELD FUNDS

Franklin India Dividend Yield Fund

138.7

2421

2.1

1.2

-4.3

19.1

26.8

15.0

1.13

EQUITY – LARGE & MID CAP FUNDS

HDFC Large and Mid Cap Fund

343.5

26849

1.6

0.9

2.2

23.8

27.7

14.0

0.91

HYBRID – BALANCED ADVANTAGE FUNDS

ICICI Prudential Balanced Advantage Fund

73.8

65298

1.4

0.9

7.4

14.0

15.1

10.9

1.20

EQUITY – FOCUSED FUNDS

ICICI Prudential Focused Equity Fund

91.4

12244

1.7

0.6

6.2

24.8

25.2

14.6

0.92

EQUITY – LARGE CAP FUNDS

ICICI Prudential Large Cap Fund

109.9

72336

1.4

0.9

2.7

20.7

22.4

13.8

0.89

EQUITY – SECTOR – IT FUNDS

ICICI Prudential Technology Fund

200.4

14590

1.7

1.0

0.9

16.2

25.9

17.5

0.76

EQUITY – VALUE FUNDS

ICICI Prudential Value Fund

469.9

54096

1.5

1.0

5.3

24.2

27.1

14.9

1.17

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Invesco India Infrastructure Fund

65.2

1607

2.1

0.8

-3.4

29.6

31.3

16.3

0.78

EQUITY – FLEXI CAP FUNDS

JM Flexicap Fund

98.0

6144

1.8

0.5

-7.3

25.6

25.9

15.4

0.80

EQUITY – LARGE CAP FUNDS

JM Large Cap Fund

152.9

540

2.4

0.7

-7.3

18.3

17.5

10.3

0.61

EQUITY – VALUE FUNDS

JM Value Fund

100.3

1110

2.2

0.9

-5.3

28.5

27.5

16.1

0.82

HYBRID – CONSERVATIVE HYBRID FUNDS

Kotak Debt Hybrid Fund

58.8

3134

1.7

0.5

6.2

11.5

9.6

1.08

EQUITY – MID CAP FUNDS

Motilal Oswal Midcap Fund

102.9

33053

1.6

0.7

5.3

31.8

35.5

17.2

0.93

EQUITY – SMALL CAP FUNDS

Nippon India Small Cap Fund

174.1

66602

1.4

0.6

-0.6

28.5

37.3

21.1

0.94

EQUITY – FLEXI CAP FUNDS

Parag Parikh Flexi Cap Fund

84.4

110392

1.3

0.6

8.7

23.0

24.2

17.2

0.99

EQUITY – MID CAP FUNDS

PGIM India Midcap Fund

65.6

11640

1.7

0.5

4.4

17.0

27.6

14.9

0.84

HYBRID – AGGRESSIVE HYBRID FUNDS

Quant Aggressive Hybrid Fund

422.3

2170

2.0

0.7

-3.4

15.2

24.7

15.4

0.92

EQUITY – TAX SAVING (ELSS) FUNDS

Quant ELSS Tax Saver Fund

366.7

11923

1.6

0.5

-10.1

19.5

30.6

20.0

0.83

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Quant Infrastructure Fund

38.1

3429

1.9

0.7

-12.7

23.1

38.8

18.1

0.91

EQUITY – LARGE & MID CAP FUNDS

Quant Large & Mid Cap Fund

116.4

3840

1.9

0.6

-10.5

21.2

23.9

16.1

0.70

EQUITY – MID CAP FUNDS

Quant Mid Cap Fund

219.3

9140

1.7

0.6

-12.5

22.6

31.0

16.6

0.87

EQUITY – SMALL CAP FUNDS

Quant Small Cap Fund

263.8

29629

1.6

0.7

-3.4

29.9

42.6

20.0

0.99

HYBRID – CONSERVATIVE HYBRID FUNDS

SBI Conservative Hybrid Fund

73.2

9748

1.5

1.1

6.6

11.1

11.7

9.2

1.22

EQUITY – TAX SAVING (ELSS) FUNDS

SBI ELSS Tax Saver Fund

442.6

30616

1.6

0.9

1.8

27.4

27.0

14.1

0.98

HYBRID – EQUITY SAVINGS FUNDS

Sundaram Equity Savings Fund

70.6

1092

2.2

0.6

6.7

12.4

13.5

9.6

0.98

EQUITY – SECTOR – BANKING FUNDS

Sundaram Financial Services Opportunities Fund

104.9

1605

2.1

0.8

5.2

23.5

13.4

0.71

HYBRID – BALANCED ADVANTAGE FUNDS

Aditya Birla SL Bal Advantage

107.0

8034

1.8

0.7

6.9

14.7

14.5

10.8

0.90

EQUITY – SMALL CAP FUNDS

AXIS Small Cap Fund

109.2

26379

1.6

0.6

7.0

23.5

30.6

18.6

0.92

EQUITY – TAX SAVING (ELSS) FUNDS

Bandhan ELSS Tax Saver Fund

152.2

7151

1.7

0.6

-1.2

18.3

25.3

13.9

0.86

EQUITY – LARGE & MID CAP FUNDS

Bandhan Large & Mid Cap Fund

134.1

9735

1.7

0.6

3.2

27.0

27.4

15.1

0.90

EQUITY – VALUE FUNDS

Bandhan Value Fund

148.0

10229

1.8

0.7

-1.6

20.5

30.3

14.8

0.99

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

BOI AXA Manufacturing & Infra

58.1

607

2.3

0.7

0.8

29.3

31.6

16.3

0.84

HYBRID – AGGRESSIVE HYBRID FUNDS

Baroda BNP Paribas Aggressive Hybrid Fund

28.0

1245

2.1

0.5

2.2

16.9

17.1

–

0.71

EQUITY – LARGE CAP FUNDS

Baroda BNP Paribas Large Cap Fund

220.9

2719

2.0

0.8

-1.6

18.8

19.3

12.0

0.70

EQUITY – TAX SAVING (ELSS) FUNDS

Canara Robeco ELSS Tax Saver

175.8

9103

1.7

0.5

2.0

17.7

21.4

13.8

0.76

EQUITY – TAX SAVING (ELSS) FUNDS

DSP ELSS Tax Saver Fund

140.3

17428

1.6

0.7

2.3

22.4

24.5

15.4

0.87

EQUITY – LARGE CAP FUNDS

Edelweiss Large Cap Fund

83.6

1322

2.1

0.6

-0.6

18.3

19.3

12.0

0.73

EQUITY – MID CAP FUNDS

Edelweiss Mid Cap Fund

101.6

10988

1.7

0.4

7.8

28.3

32.2

17.5

0.93

EQUITY – FLEXI CAP FUNDS

Franklin India Flexi Cap Fund

1638.7

19365

1.7

0.9

2.0

21.9

25.5

13.6

0.85

EQUITY – FLEXI CAP FUNDS

HDFC Flexi Cap Fund

1974.1

79585

1.4

0.7

6.4

25.6

28.9

15.1

1.06

EQUITY – FOCUSED FUNDS

HDFC Focused Fund

229.1

20868

1.7

0.6

7.2

25.5

28.3

14.0

1.12

HYBRID – CONSERVATIVE HYBRID FUNDS

HDFC Hybrid Debt Fund

82.5

3401

1.7

1.2

5.5

11.6

8.9

1.19

EQUITY – MID CAP FUNDS

HDFC Mid Cap Fund

197.9

84061

1.4

0.8

6.9

30.2

32.2

17.7

1.03

HYBRID – BALANCED ADVANTAGE FUNDS

HSBC Balanced Advantage Fund

43.4

1555

2.1

0.8

3.8

13.0

10.9

7.6

0.64

HYBRID – EQUITY SAVINGS FUNDS

HSBC Equity Savings Fund

32.9

649

1.5

0.7

3.3

13.0

13.7

8.5

0.71

EQUITY – DIVIDEND YIELD FUNDS

ICICI Prudential Dividend Yield Equity Fund

52.4

5645

1.8

0.6

2.1

26.6

29.3

15.4

1.14

HYBRID – AGGRESSIVE HYBRID FUNDS

ICICI Prudential Equity & Debt Fund

391.5

44552

1.6

1.0

6.1

21.4

25.4

15.3

1.14

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

ICICI Prudential Infrastructure Fund

198.6

8043

1.9

1.1

2.5

34.2

37.3

16.3

1.12

EQUITY – LARGE & MID CAP FUNDS

ICICI Prudential Large & Mid Cap Fund

1002.4

22857

1.7

0.8

5.2

24.2

28.2

15.5

1.03

HYBRID – CONSERVATIVE HYBRID FUNDS

ICICI Prudential Regular Savings Fund

76.0

3220

1.7

1.0

8.4

10.9

10.3

9.5

1.27

EQUITY – SECTOR – BANKING FUNDS

Invesco India Financial Services Fund

138.4

1456

2.1

0.9

11.0

25.1

23.1

14.3

0.65

HYBRID – AGGRESSIVE HYBRID FUNDS

JM Aggressive Hybrid Fund

122.1

862

2.2

0.5

-2.5

23.5

22.2

12.1

0.91

EQUITY – TAX SAVING (ELSS) FUNDS

JM ELSS Tax Saver Fund

48.7

209

2.4

1.1

-1.0

22.7

24.4

14.6

0.75

HYBRID – AGGRESSIVE HYBRID FUNDS

Kotak Aggressive Hybrid Fund

62.4

7808

1.8

0.5

3.7

17.4

20.5

12.6

0.88

HYBRID – EQUITY SAVINGS FUNDS

Kotak Equity Savings Fund

26.2

8444

1.8

0.7

4.9

12.3

11.8

9.2

1.01

EQUITY – LARGE & MID CAP FUNDS

Kotak Large & Midcap Fund

341.3

28294

1.6

0.6

1.0

22.0

23.4

14.8

0.80

EQUITY – LARGE CAP FUNDS

Kotak Large Cap Fund

571.0

10516

1.7

0.6

1.2

17.7

19.7

12.3

0.74

EQUITY – MID CAP FUNDS

Kotak Midcap Fund

136.5

57102

1.4

0.4

5.1

25.2

30.0

17.5

0.89

EQUITY – SMALL CAP FUNDS

Kotak Small Cap Fund

269.6

18031

1.7

0.5

-0.6

20.6

32.5

17.3

0.88

EQUITY – TAX SAVING (ELSS) FUNDS

Mirae Asset ELSS Tax Saver Fund

49.3

26537

1.5

0.6

3.7

19.4

22.8

–

0.79

EQUITY – THEMATIC – CONSUMPTION FUNDS

Mirae Asset Great Consumer Fund

92.9

4386

1.8

0.4

0.2

19.5

22.5

15.2

0.71

EQUITY – LARGE & MID CAP FUNDS

Mirae Asset Large & Midcap Fund

151.3

41202

1.5

0.6

0.9

18.7

22.7

17.0

0.75

EQUITY – TAX SAVING (ELSS) FUNDS

Motilal Oswal ELSS Tax Saver Fund

52.6

4506

1.8

0.6

8.4

29.3

26.6

16.3

0.64

EQUITY – MID CAP FUNDS

Nippon India Growth Mid Cap Fund

4173.2

39066

1.6

0.7

5.0

28.4

32.0

17.3

0.96

EQUITY – LARGE CAP FUNDS

Nippon India Large Cap Fund

90.5

43829

1.5

0.7

2.4

22.7

25.3

13.7

0.90

EQUITY – VALUE FUNDS

Nippon India Value Fund

227.5

8955

1.8

1.1

2.1

25.3

27.7

15.1

0.88

EQUITY – FLEXI CAP FUNDS

PGIM India Flexi Cap Fund

36.3

6392

1.8

0.4

3.6

15.6

20.5

13.1

0.68

EQUITY – FOCUSED FUNDS

Quant Focused Fund

86.2

1074

2.2

0.7

-6.3

18.5

22.9

14.1

0.70

EQUITY – SECTOR – BANKING FUNDS

SBI Banking & Financial Services Fund

42.7

8538

1.8

0.8

13.2

22.1

22.5

15.6

0.66

EQUITY – THEMATIC – CONSUMPTION FUNDS

SBI Consumption Opportunities Fund

313.1

3186

2.0

0.9

-2.1

18.8

26.8

15.4

0.86

EQUITY – SECTOR – IT FUNDS

Tata Digital India Fund

47.1

12216

1.7

0.4

-3.8

16.1

24.0

–

0.68

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Tata Infrastructure Fund

177.0

2287

2.1

1.1

-10.9

24.8

30.8

14.6

0.79

EQUITY – FLEXI CAP FUNDS

Union Flexi Cap Fund

51.4

2401

2.0

0.9

2.4

18.3

21.4

12.0

0.72

EQUITY – SECTOR – BANKING FUNDS

Aditya Birla SL Bank & Fin Serv

61.3

3625

2.0

1.1

7.7

20.3

22.2

13.2

0.62

EQUITY – SECTOR – IT FUNDS

Aditya Birla Sun Life Digital India Fund

171.3

5001

1.9

0.9

-2.9

16.0

23.7

17.5

0.67

EQUITY – DIVIDEND YIELD FUNDS

Aditya Birla Sun Life Dividend Yield Fund

449.8

1524

2.2

1.4

-3.2

24.0

12.1

0.81

EQUITY – FLEXI CAP FUNDS

Aditya Birla Sun Life Flexi Cap Fund

1788.3

23606

1.7

0.9

4.2

19.9

21.5

13.5

0.73

EQUITY – FOCUSED FUNDS

Aditya Birla Sun Life Focused Fund

141.2

8055

1.8

0.9

2.4

18.2

19.8

12.2

0.74

EQUITY – THEMATIC – CONSUMPTION FUNDS

Aditya Birla Sun Life India GenNext Fund

215.6

6277

1.8

0.8

1.3

17.4

21.2

14.3

0.69

EQUITY – LARGE CAP FUNDS

Aditya Birla Sun Life Large Cap Fund

527.9

30927

1.6

1.0

2.4

18.2

20.6

12.0

0.76

HYBRID – CONSERVATIVE HYBRID FUNDS

Aditya Birla Sun Life Regular Savings Fund

67.2

1391

1.9

1.0

8.7

9.8

11.4

8.5

1.18

HYBRID – CONSERVATIVE HYBRID FUNDS

Axis Conservative Hybrid Fund

30.1

289

2.2

0.9

6.4

8.2

6.8

0.66

HYBRID – EQUITY SAVINGS FUNDS

Axis Equity Savings Fund

22.1

952

2.3

1.1

4.0

10.9

–

0.72

EQUITY – MID CAP FUNDS

Axis Midcap Fund

113.6

32069

1.6

0.5

3.4

21.4

24.1

15.4

0.72

HYBRID – BALANCED ADVANTAGE FUNDS

Bandhan Balanced Advantage Fund

24.3

2302

2.0

0.8

5.0

12.3

11.2

8.4

0.56

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Bandhan Infrastructure Fund

51.4

1749

2.1

0.8

-8.7

32.7

34.7

15.0

0.82

EQUITY – LARGE CAP FUNDS

Bandhan Large Cap Fund

76.8

1928

2.0

0.9

1.4

18.5

19.1

11.9

0.67

HYBRID – CONSERVATIVE HYBRID FUNDS

Baroda BNP Paribas Conser Hybrid

45.0

832

2.0

0.5

6.2

9.3

7.8

7.3

0.65

EQUITY – TAX SAVING (ELSS) FUNDS

Baroda BNP Paribas ELSS Tax Saver Fund

95.2

934

2.2

1.0

2.7

20.5

19.7

11.7

0.63

EQUITY – MID CAP FUNDS

Baroda BNP Paribas Mid Cap Fund

100.7

2213

2.0

0.6

-0.7

22.2

26.5

14.4

0.80

HYBRID – CONSERVATIVE HYBRID FUNDS

Canara Robeco Conservative Hybrid Fund

97.3

955

1.8

0.7

7.1

9.3

8.9

7.9

0.83

HYBRID – AGGRESSIVE HYBRID FUNDS

Canara Robeco Equity Hybrid Fund

361.1

11243

1.7

0.6

4.5

15.9

16.7

12.0

0.74

EQUITY – FLEXI CAP FUNDS

Canara Robeco Flexi Cap Fund

340.7

13588

1.7

0.6

3.6

18.0

20.0

13.1

0.71

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Canara Robeco Infrastructure Fund

161.8

932

2.3

1.0

-0.8

29.4

32.7

15.1

0.90

EQUITY – LARGE & MID CAP FUNDS

Canara Robeco Large and Mid Cap Fund

258.6

26118

1.6

0.6

4.6

19.6

22.9

15.3

0.75

HYBRID – AGGRESSIVE HYBRID FUNDS

DSP Aggressive Hybrid Fund

360.1

11418

1.7

0.7

7.5

18.4

18.1

12.3

0.74

HYBRID – BALANCED ADVANTAGE FUNDS

DSP Dynamic Asset Allocation Fund

27.6

3454

1.9

0.7

6.7

12.7

11.1

9.0

0.72

EQUITY – FLEXI CAP FUNDS

DSP Flexi Cap Fund

103.4

12188

1.7

0.7

2.0

20.3

21.3

13.7

0.67

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

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

319.3

5517

1.9

0.7

-5.5

31.1

34.2

15.7

0.90

EQUITY – LARGE & MID CAP FUNDS

DSP Large & Mid Cap Fund

620.4

15663

1.7

0.6

0.8

23.1

23.8

14.9

0.82

EQUITY – SMALL CAP FUNDS

DSP Small Cap Fund

204.1

17126

1.7

0.8

6.9

24.5

32.1

17.0

0.83

EQUITY – FLEXI CAP FUNDS

Edelweiss Flexi Cap Fund

37.9

2802

1.9

0.4

0.1

21.1

23.1

13.8

0.76

EQUITY – LARGE & MID CAP FUNDS

Edelweiss Large & Mid Cap Fund

86.9

4139

1.8

0.5

2.1

20.7

23.5

13.9

0.77

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Franklin Build India Fund

143.8

2968

2.0

1.0

-1.3

32.6

33.6

16.8

0.94

HYBRID – AGGRESSIVE HYBRID FUNDS

Franklin India Aggressive Hybrid Fund

271.2

2248

2.1

1.0

3.9

17.4

18.8

11.3

0.85

EQUITY – TAX SAVING (ELSS) FUNDS

Franklin India ELSS Tax Saver Fund

1478.6

6883

1.8

1.0

1.5

22.1

25.0

12.9

0.83

EQUITY – FOCUSED FUNDS

Franklin India Focused Equity Fund

107.3

12536

1.8

1.0

-0.9

19.3

24.3

13.3

0.77

EQUITY – TAX SAVING (ELSS) FUNDS

HDFC ELSS Tax saver

1403.7

16908

1.7

1.1

4.1

24.6

25.7

13.3

1.04

HYBRID – EQUITY SAVINGS FUNDS

HDFC Equity Savings Fund

65.8

5663

1.9

0.9

4.4

11.4

12.7

9.6

0.99

HYBRID – AGGRESSIVE HYBRID FUNDS

HDFC Hybrid Equity Fund

119.6

24854

1.7

1.0

3.8

15.8

18.7

10.2

0.88

EQUITY – LARGE CAP FUNDS

HDFC Large Cap Fund

1136.7

38905

1.6

1.0

-0.6

19.3

22.0

12.5

0.80

HYBRID – CONSERVATIVE HYBRID FUNDS

HSBC Conservative Hybrid Fund

61.4

163

2.2

1.3

6.3

10.9

9.1

7.7

0.63

EQUITY – FLEXI CAP FUNDS

HSBC Flexi Cap Fund

220.3

5169

1.9

1.2

2.4

22.9

22.7

12.7

0.67

EQUITY – LARGE CAP FUNDS

HSBC Large Cap Fund

469.2

1888

2.1

1.2

-1.0

16.7

18.0

11.8

0.60

EQUITY – SMALL CAP FUNDS

HSBC Small Cap Fund

84.8

16909

1.7

0.6

-1.1

25.7

35.1

19.0

0.81

EQUITY – VALUE FUNDS

HSBC Value Fund

111.8

14054

1.7

0.8

1.9

27.9

28.2

16.0

0.87

EQUITY – SECTOR – BANKING FUNDS

ICICI Prudential Banking & Financial Services Fund

134.4

10088

1.8

1.0

10.8

19.2

22.0

13.1

0.68

EQUITY – TAX SAVING (ELSS) FUNDS

ICICI Pru Long Term Equity

925.0

14661

1.7

1.1

3.5

18.4

21.6

12.8

0.78

EQUITY – MID CAP FUNDS

ICICI Prudential Midcap Fund

302.6

6824

1.9

1.0

4.4

24.7

29.5

15.1

0.88

HYBRID – BALANCED ADVANTAGE FUNDS

Invesco India Balanced Advantage Fund

53.7

1024

2.1

0.8

3.3

15.3

12.9

9.0

0.65

EQUITY – TAX SAVING (ELSS) FUNDS

Invesco India ELSS Tax Saver Fund

127.5

2911

1.9

0.8

2.6

20.6

20.4

13.2

0.62

EQUITY – LARGE & MID CAP FUNDS

Invesco India Large & Mid Cap Fund

101.9

7887

1.8

0.7

13.5

28.3

25.5

15.3

0.75

EQUITY – LARGE CAP FUNDS

Invesco India Largecap Fund

69.4

1558

2.1

0.8

2.6

19.4

20.0

12.3

0.68

EQUITY – MID CAP FUNDS

Invesco India Midcap Fund

183.0

7406

1.8

0.6

17.4

31.2

30.5

17.8

0.83

EQUITY – FOCUSED FUNDS

JM Focused Fund

19.5

290

2.4

0.7

-3.5

20.8

20.1

12.4

0.60

EQUITY – TAX SAVING (ELSS) FUNDS

Kotak ELSS Tax Saver Fund

116.3

6493

1.8

0.6

-1.8

19.6

22.2

13.6

0.74

EQUITY – FLEXI CAP FUNDS

Kotak Flexicap Fund

85.2

54841

1.5

0.6

2.4

20.1

20.3

13.5

0.71

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Kotak Infra & Economic Reform

66.7

2450

2.0

0.7

-6.2

27.0

31.8

15.3

0.83

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

LIC MF Infrastructure Fund

50.6

1053

2.1

0.5

-0.9

32.2

32.9

14.7

0.83

EQUITY – LARGE & MID CAP FUNDS

LIC MF Large & Midcap Fund

39.1

3169

1.9

0.6

19.2

22.3

14.2

0.73

EQUITY – SMALL CAP FUNDS

LIC MF Small Cap Fund

31.3

605

2.4

0.9

-1.8

23.5

32.0

–

0.76

EQUITY – TAX SAVING (ELSS) FUNDS

Mahindra Manulife ELSS Tax Saver Fund

28.6

980

2.1

0.6

-0.3

17.6

21.8

–

0.76

HYBRID – EQUITY SAVINGS FUNDS

Mahi Manu Eq Sav Dhan San Yojana

20.5

571

2.4

0.7

3.6

10.7

12.0

–

0.77

HYBRID – AGGRESSIVE HYBRID FUNDS

Mirae Asset Aggressive Hybrid Fund

32.4

9313

1.7

0.4

4.3

15.7

16.8

–

0.74

EQUITY – LARGE CAP FUNDS

Mirae Asset Large Cap Fund

112.8

40725

1.5

0.5

2.4

15.3

18.1

12.8

0.68

EQUITY – SECTOR – BANKING FUNDS

Nippon India Banking & Financial Services Fund

632.9

7487

1.8

1.0

10.3

22.6

26.7

13.0

0.77

EQUITY – FOCUSED FUNDS

Nippon India Focused Fund

121.7

8788

1.8

1.1

1.2

17.3

23.5

13.5

0.79

EQUITY – TAX SAVING (ELSS) FUNDS

PGIM India ELSS Tax Saver Fund

35.1

798

2.2

0.7

3.1

16.1

20.9

–

0.74

HYBRID – AGGRESSIVE HYBRID FUNDS

SBI Equity Hybrid Fund

303.0

78708

1.4

0.7

8.5

15.9

17.1

12.0

0.83

HYBRID – EQUITY SAVINGS FUNDS

SBI Equity Savings Fund

24.2

5586

1.6

1.0

6.9

12.5

12.6

9.0

0.87

EQUITY – FOCUSED FUNDS

SBI Focused Fund

352.4

38610

1.6

0.8

6.3

17.6

20.2

14.4

0.71

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

SBI Infrastructure Fund

50.7

5195

1.9

1.0

-5.0

27.9

29.3

15.5

0.92

EQUITY – LARGE & MID CAP FUNDS

SBI Large & Midcap Fund

627.9

33031

1.6

0.7

4.9

21.5

25.3

14.3

0.92

EQUITY – LARGE CAP FUNDS

SBI Large Cap Fund

92.6

53959

1.5

0.8

2.6

16.9

20.1

12.1

0.77

EQUITY – MID CAP FUNDS

SBI Midcap Fund

239.4

23269

1.7

0.9

2.5

20.6

28.7

14.5

0.95

EQUITY – SMALL CAP FUNDS

SBI Small Cap Fund

178.3

35696

1.6

0.8

-0.7

21.0

28.9

18.5

0.86

HYBRID – AGGRESSIVE HYBRID FUNDS

Sundaram Aggressive Hybrid Fund

161.9

6429

1.8

0.7

3.4

15.1

17.1

12.1

0.76

HYBRID – BALANCED ADVANTAGE FUNDS

Sundaram Balanced Advantage Fund

35.3

1597

2.1

0.6

3.6

12.8

10.8

7.7

0.58

EQUITY – FOCUSED FUNDS

Sundaram Focused Fund

160.7

1113

2.3

1.3

-1.1

17.2

19.7

12.9

0.64

EQUITY – SECTOR – BANKING FUNDS

Tata Banking and Financial Services Fund

43.6

2958

1.9

0.5

13.2

22.8

21.1

–

0.63

HYBRID – EQUITY SAVINGS FUNDS

Tata Equity Savings Fund

55.2

268

1.1

0.5

5.9

10.5

7.3

0.99

EQUITY – THEMATIC – CONSUMPTION FUNDS

Tata India Consumer Fund

44.3

2457

2.0

0.7

3.5

20.0

21.2

–

0.63

EQUITY – LARGE & MID CAP FUNDS

Tata Large & Mid Cap Fund

536.1

8887

1.7

0.6

2.1

19.2

22.0

13.1

0.79

EQUITY – LARGE CAP FUNDS

Tata Large Cap Fund

501.0

2702

2.0

1.0

-1.1

17.5

20.1

11.3

0.75

EQUITY – MID CAP FUNDS

Tata Mid Cap Fund

438.1

4985

1.9

0.7

-0.6

23.7

27.1

15.2

0.82

EQUITY – VALUE FUNDS

Tata Value Fund

352.3

8840

1.8

0.8

-2.4

23.4

22.7

14.5

0.78

EQUITY – MID CAP FUNDS

Taurus Mid Cap Fund

125.3

133

2.6

2.2

-1.4

22.2

23.8

14.5

0.65

EQUITY – VALUE FUNDS

Templeton India Value Fund

720.0

2299

2.0

0.9

-3.5

22.4

28.8

14.0

0.99

EQUITY – TAX SAVING (ELSS) FUNDS

Union ELSS Tax Saver Fund

65.2

927

2.3

1.4

2.1

18.4

21.9

11.8

0.75

EQUITY – SMALL CAP FUNDS

Union Small Cap Fund

49.7

1672

2.1

1.0

3.6

20.9

30.8

14.5

0.75

HYBRID – AGGRESSIVE HYBRID FUNDS

UTI Aggressive Hybrid Fund

407.8

6468

1.9

1.2

3.8

18.8

21.1

12.1

0.97

HYBRID – CONSERVATIVE HYBRID FUNDS

UTI Conservative Hybrid Fund

69.8

1706

1.8

1.2

7.3

10.9

11.3

8.3

1.11

EQUITY – TAX SAVING (ELSS) FUNDS

UTI ELSS Tax Saver Fund

206.6

3882

1.9

0.9

-0.9

15.9

19.6

11.8

0.64

EQUITY – LARGE & MID CAP FUNDS

UTI Large & Mid Cap Fund

181.4

4866

1.9

1.1

2.8

24.4

27.2

13.5

0.92

EQUITY – LARGE CAP FUNDS

UTI Large Cap Fund

272.7

13074

1.7

0.9

0.1

14.7

18.2

11.3

0.66

EQUITY – MID CAP FUNDS

UTI Mid Cap Fund

305.7

12224

1.8

0.9

0.0

20.2

25.9

13.9

0.75

EQUITY – VALUE FUNDS

UTI Value Fund

169.5

10117

1.8

1.1

2.3

21.5

23.3

13.1

0.85

HYBRID – AGGRESSIVE HYBRID FUNDS

Aditya Birla Sun Life Equity Hybrid ’95 Fund

1527.7

7650

1.8

1.1

3.1

15.2

17.4

10.2

0.72

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Aditya Birla Sun Life Infrastructure Fund

96.9

1171

2.3

1.4

-3.7

29.5

30.8

13.5

0.77

EQUITY – LARGE CAP FUNDS

Axis Large Cap Fund

60.2

34374

1.6

0.7

13.8

15.1

11.7

0.50

HYBRID – AGGRESSIVE HYBRID FUNDS

Bandhan Aggressive Hybrid Fund

25.9

989

2.3

0.9

9.1

17.1

19.5

–

0.77

EQUITY – FLEXI CAP FUNDS

Bandhan Flexi Cap Fund

208.7

7607

1.9

1.1

2.2

17.9

20.1

10.8

0.70

HYBRID – BALANCED ADVANTAGE FUNDS

Bank of India Balanced Advantage Fund

24.9

143

2.3

1.2

-1.5

12.3

11.6

7.1

0.52

EQUITY – LARGE & MID CAP FUNDS

BOI Large & Mid Cap Equity Fund

87.8

418

2.3

1.1

-3.4

19.6

21.8

12.0

0.69

EQUITY – SECTOR – BANKING FUNDS

Baroda BNP Paribas Bank&Fin Serv

48.1

290

2.4

0.8

12.9

20.7

20.6

11.2

0.59

HYBRID – EQUITY SAVINGS FUNDS

DSP Equity Savings Fund

21.9

3192

1.2

0.4

7.1

10.8

11.6

–

1.10

EQUITY – FOCUSED FUNDS

DSP Focused Fund

55.0

2628

2.0

0.9

3.7

20.9

19.6

11.5

0.69

EQUITY – MID CAP FUNDS

DSP Midcap Fund

148.3

19559

1.7

0.7

2.0

21.6

14.5

0.64

HYBRID – CONSERVATIVE HYBRID FUNDS

DSP Regular Savings Fund

59.0

174

1.2

0.5

8.3

10.6

9.4

7.2

0.93

EQUITY – TAX SAVING (ELSS) FUNDS

Edelweiss Long Term Equity

110.2

431

2.3

0.7

0.6

18.7

20.6

11.3

0.69

HYBRID – CONSERVATIVE HYBRID FUNDS

Franklin India Conservative Hybrid Fund

91.2

206

1.4

0.8

7.3

10.6

9.2

7.6

0.89

EQUITY – LARGE CAP FUNDS

Franklin India Large Cap Fund

1020.2

7984

1.8

1.1

2.3

16.1

19.7

10.7

0.68

EQUITY – MID CAP FUNDS

Franklin India Mid Cap Fund

2806.5

12785

1.8

0.9

5.4

26.7

27.0

15.1

0.78

EQUITY – SMALL CAP FUNDS

Franklin India Small Cap Fund

177.8

13995

1.7

0.9

-2.4

28.4

34.4

16.3

0.87

EQUITY – SMALL CAP FUNDS

HDFC Small Cap Fund

143.9

35781

1.6

0.7

5.2

27.6

34.1

18.4

0.90

EQUITY – VALUE FUNDS

HDFC Value Fund

746.6

7443

1.8

1.0

3.2

22.9

24.4

13.7

0.85

HYBRID – AGGRESSIVE HYBRID FUNDS

HSBC Aggressive Hybrid Fund

55.2

5566

1.9

0.8

1.2

17.2

16.6

10.8

0.55

EQUITY – TAX SAVING (ELSS) FUNDS

HSBC ELSS Tax saver Fund

135.8

4251

1.9

1.1

3.8

23.4

22.5

13.1

0.66

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

HSBC Infrastructure Fund

47.8

2474

2.0

1.0

-6.3

28.5

30.7

15.2

0.78

EQUITY – MID CAP FUNDS

HSBC Midcap Fund

388.1

12146

1.7

0.7

3.1

25.5

26.0

15.7

0.67

HYBRID – EQUITY SAVINGS FUNDS

ICICI Prudential Equity Savings Fund

22.6

14168

1.0

0.5

7.8

9.3

10.0

8.2

1.30

EQUITY – THEMATIC – CONSUMPTION FUNDS

ICICI Prudential FMCG Fund

489.3

2044

2.1

1.3

-5.5

10.6

15.1

11.7

0.54

EQUITY – SECTOR – BANKING FUNDS

LIC MF Banking & Financial Services Fund

21.4

282

2.4

1.1

5.2

17.8

19.2

7.8

0.54

EQUITY – TAX SAVING (ELSS) FUNDS

LIC MF ELSS Tax Saver

153.6

1143

2.1

0.9

1.7

18.3

20.1

11.5

0.70

EQUITY – FLEXI CAP FUNDS

LIC MF Flexi Cap Fund

99.0

1021

2.3

1.3

-2.6

17.0

16.7

9.2

0.51

EQUITY – LARGE CAP FUNDS

LIC MF Large Cap Fund

56.1

1505

2.1

1.0

-0.1

14.5

16.6

10.0

0.57

HYBRID – BALANCED ADVANTAGE FUNDS

Motilal Oswal Balanced Advantage Fund

19.5

913

2.2

0.9

-8.8

10.3

8.0

–

0.24

EQUITY – FOCUSED FUNDS

Motilal Oswal Focused Fund

43.9

1564

2.1

1.0

-6.4

12.5

14.5

9.9

0.38

EQUITY – LARGE & MID CAP FUNDS

Navi Large & Midcap Fund

35.5

328

2.3

0.4

0.0

15.8

21.0

–

0.68

EQUITY – LARGE & MID CAP FUNDS

Nippon India Vision Large & Mid Cap Fund

1458.3

6198

1.9

1.3

2.9

23.7

25.3

12.3

0.86

EQUITY – TAX SAVING (ELSS) FUNDS

Quantum ELSS Tax Saver Fund

124.7

225

2.0

0.9

19.9

22.1

12.3

0.91

EQUITY – VALUE FUNDS

Quantum Value Fund

125.7

1216

2.0

1.1

1.0

20.1

22.2

12.3

0.90

EQUITY – FLEXI CAP FUNDS

SBI Flexicap Fund

108.5

22500

1.7

0.9

-0.6

15.3

19.5

12.4

0.70

EQUITY – SECTOR – IT FUNDS

SBI Technology Opportunities Fund

215.9

4829

1.9

0.9

7.1

19.1

24.6

16.9

0.75

EQUITY – TAX SAVING (ELSS) FUNDS

Sundaram ELSS Tax Saver Fund

511.8

1395

2.2

1.7

2.7

17.9

21.7

13.4

0.77

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Sundaram Infrastructure Advantage Fund

96.1

982

2.4

1.9

-1.2

26.4

28.9

13.6

0.80

EQUITY – LARGE & MID CAP FUNDS

Sundaram Large and Mid Cap Fund

85.2

6893

1.8

0.8

1.0

18.9

21.9

13.6

0.69

EQUITY – MID CAP FUNDS

Sundaram Mid Cap Fund

1387.9

12818

1.7

0.9

6.2

27.1

28.5

14.6

0.83

HYBRID – AGGRESSIVE HYBRID FUNDS

Tata Aggressive Hybrid Fund

437.3

4131

1.9

1.0

0.7

14.2

16.6

9.7

0.73

EQUITY – TAX SAVING (ELSS) FUNDS

Tata ELSS Fund

44.6

4711

1.8

0.7

1.8

18.9

21.3

13.8

0.72

EQUITY – LARGE CAP FUNDS

Union Largecap Fund

23.4

465

2.5

1.5

-1.8

15.3

17.7

–

0.63

EQUITY – DIVIDEND YIELD FUNDS

UTI Dividend Yield Fund

177.6

4127

2.0

1.4

0.3

22.3

22.7

13.7

0.83

EQUITY – FLEXI CAP FUNDS

UTI Flexi Cap Fund

325.3

26325

1.7

1.0

5.0

13.2

17.7

11.9

0.54

EQUITY – THEMATIC – CONSUMPTION FUNDS

UTI India Consumer Fund

56.9

711

2.5

1.6

-2.6

15.0

17.4

10.6

0.54

EQUITY – TAX SAVING (ELSS) FUNDS

Aditya Birla Sun Life ELSS Tax Saver Fund

60.7

15870

1.7

0.9

1.8

16.3

15.1

10.6

0.50

HYBRID – EQUITY SAVINGS FUNDS

Aditya Birla Sun Life Equity Savings Fund

22.0

689

1.1

0.6

7.2

9.8

10.2

7.6

0.62

EQUITY – LARGE & MID CAP FUNDS

Aditya Birla Sun Life Large & Mid Cap Fund

907.8

5939

1.9

1.1

0.2

17.2

19.3

11.4

0.53

EQUITY – MID CAP FUNDS

Aditya Birla Sun Life Midcap Fund

800.1

6205

1.9

1.0

3.7

21.8

27.1

13.5

0.80

EQUITY – SMALL CAP FUNDS

Aditya Birla Sun Life Small Cap Fund

88.7

5134

1.9

0.9

0.1

22.3

28.4

13.4

0.70

EQUITY – VALUE FUNDS

Aditya Birla Sun Life Value Fund

126.1

6371

1.9

1.0

-2.0

23.9

25.7

12.2

0.69

EQUITY – TAX SAVING (ELSS) FUNDS

Axis ELSS Tax Saver Fund

96.3

36258

1.5

0.8

3.1

15.7

16.8

11.7

0.47

EQUITY – FOCUSED FUNDS

Axis Focused Fund

55.0

13025

1.7

0.8

3.3

12.5

14.5

11.5

0.41

HYBRID – CONSERVATIVE HYBRID FUNDS

Bandhan Conservative Hybrid Fund

32.1

116

2.0

1.1

5.3

8.0

6.8

6.6

0.52

EQUITY – FOCUSED FUNDS

Bandhan Focused Fund

89.0

1947

2.1

0.8

11.1

21.3

19.8

12.1

0.63

EQUITY – LARGE CAP FUNDS

DSP Large Cap Fund

475.3

6323

1.9

0.9

4.4

20.8

19.7

11.1

0.77

EQUITY – LARGE & MID CAP FUNDS

Franklin India Large & Mid Cap Fund

193.1

3684

2.0

1.3

5.1

18.5

23.6

11.6

0.77

EQUITY – SECTOR – IT FUNDS

Franklin India Technology Fund

511.4

1949

2.0

1.0

-1.7

23.1

21.8

16.4

0.66

EQUITY – LARGE CAP FUNDS

Groww Largecap Fund

42.7

130

2.5

1.3

-2.6

16.4

17.2

10.9

0.58

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

HDFC Infrastructure Fund

48.1

2591

2.0

1.1

-2.1

33.6

35.0

11.1

0.93

HYBRID – AGGRESSIVE HYBRID FUNDS

LIC MF Aggressive Hybrid Fund

198.0

545

2.5

1.4

4.0

15.3

14.2

8.7

0.58

EQUITY – MID CAP FUNDS

LIC MF Midcap Fund

29.7

345

2.5

1.3

1.0

23.2

24.4

–

0.67

EQUITY – FLEXI CAP FUNDS

Motilal Oswal Flexi Cap Fund

62.4

13894

1.7

0.9

9.7

26.6

20.5

12.9

0.60

HYBRID – AGGRESSIVE HYBRID FUNDS

Nippon India Aggressive Hybrid Fund

104.6

3988

2.0

1.1

3.9

18.0

19.7

9.8

0.86

HYBRID – CONSERVATIVE HYBRID FUNDS

Nippon India Conservative Hybrid Fund

58.0

895

1.9

1.1

8.2

9.2

9.0

5.6

1.27

EQUITY – TAX SAVING (ELSS) FUNDS

Nippon India ELSS Tax Saver Fund

128.7

15623

1.7

1.0

-0.2

20.7

24.2

10.3

0.80

HYBRID – EQUITY SAVINGS FUNDS

Nippon India Equity Savings Fund

16.0

753

1.8

0.7

4.1

9.4

9.8

4.4

0.78

EQUITY – LARGE CAP FUNDS

PGIM India Large Cap Fund

338.9

620

2.4

0.8

0.7

14.8

16.3

10.0

0.58

EQUITY – THEMATIC – CONSUMPTION FUNDS

Sundaram Consumption Fund

97.4

1596

2.2

1.3

3.0

18.6

20.2

13.7

0.67

EQUITY – DIVIDEND YIELD FUNDS

Sundaram Dividend Yield Fund

135.2

915

2.3

1.1

-4.1

18.7

20.9

14.0

0.78

EQUITY – SMALL CAP FUNDS

Sundaram Small Cap Fund

266.4

3439

1.9

0.9

5.7

25.4

32.3

13.9

0.82

EQUITY – FLEXI CAP FUNDS

Taurus Flexi Cap Fund

227.0

366

2.6

-4.3

17.1

18.3

8.7

0.59

EQUITY – SECTOR – BANKING FUNDS

UTI Banking and Financial Services Fund

190.7

1356

2.2

1.1

10.8

20.8

22.0

10.7

0.64

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

UTI Infrastructure Fund

143.4

2272

2.2

1.8

-3.8

24.6

26.6

12.1

0.78

HYBRID – BALANCED ADVANTAGE FUNDS

UTI-Unit Linked Insurance Plan

42.2

5489

1.6

1.0

8.3

10.3

11.1

8.0

0.71

EQUITY – THEMATIC – MNC FUNDS

Aditya Birla Sun Life MNC Fund

–

1394.6

3775

2.0

1.3

-0.5

14.6

13.8

8.7

0.43

HYBRID – AGGRESSIVE HYBRID FUNDS

Axis Aggressive Hybrid Fund

–

20.6

1594

2.1

1.1

4.5

12.7

14.5

–

0.56

HYBRID – BALANCED ADVANTAGE FUNDS

Axis Balanced Advantage Fund

–

21.0

3342

1.9

0.7

5.3

15.2

13.4

–

0.79

EQUITY – FLEXI CAP FUNDS

Axis Flexi Cap Fund

–

26.9

13316

1.7

0.7

4.9

17.0

17.9

–

0.54

EQUITY – LARGE & MID CAP FUNDS

Axis Large & Mid Cap Fund

–

32.5

14954

1.7

0.6

3.5

20.1

23.1

–

0.69

HYBRID – EQUITY SAVINGS FUNDS

Bandhan Equity Savings Fund

–

31.2

347

1.1

0.2

5.3

8.2

8.5

6.6

0.91

HYBRID – CONSERVATIVE HYBRID FUNDS

Bank of India Conservative Hybrid Fund

–

34.4

2.1

1.1

4.2

8.5

12.0

7.6

1.09

EQUITY – SMALL CAP FUNDS

Bank of India Small Cap Fund

–

48.3

1908

2.0

0.5

3.4

25.9

34.5

–

0.81

HYBRID – BALANCED ADVANTAGE FUNDS

Baroda BNP Paribas Balanced Advantage Fund

–

24.6

4413

1.9

0.7

6.6

16.7

15.8

–

0.77

EQUITY – FOCUSED FUNDS

Baroda BNP Paribas Focused Fund

–

22.1

718

2.3

0.5

-4.8

16.8

18.5

–

0.55

EQUITY – THEMATIC – CONSUMPTION FUNDS

Baroda BNP Paribas India Consumption Fund

–

31.4

1477

2.1

0.7

-0.9

17.8

20.2

–

0.63

EQUITY – MULTI CAP FUNDS

Baroda BNP Paribas Multi Cap Fund

–

286.5

2944

2.0

0.9

1.5

22.2

25.3

13.5

0.74

EQUITY – SMALL CAP FUNDS

Canara Robeco Small Cap Fund

–

40.2

13104

1.7

0.5

1.2

20.6

33.2

–

0.89

EQUITY – SECTOR – PHARMA FUNDS

DSP Healthcare Fund

–

40.3

3057

1.9

0.6

13.1

25.6

22.9

–

0.76

HYBRID – AGGRESSIVE HYBRID FUNDS

Edelweiss Aggressive Hybrid Fund

–

63.6

2926

1.9

0.4

4.7

19.9

20.6

12.1

0.96

EQUITY – SMALL CAP FUNDS

Edelweiss Small Cap Fund

–

45.3

4930

1.8

0.4

4.4

25.4

33.9

–

0.92

HYBRID – EQUITY SAVINGS FUNDS

Franklin India Equity Savings Fund

–

16.4

667

1.1

0.3

5.7

9.1

10.4

–

0.76

HYBRID – AGGRESSIVE HYBRID FUNDS

Groww Aggressive Hybrid Fund

–

20.7

2.4

1.4

-1.3

14.1

15.5

–

0.64

EQUITY – TAX SAVING (ELSS) FUNDS

Groww ELSS Tax Saver Fund

–

20.1

2.3

0.9

-1.4

17.0

17.7

–

0.57

EQUITY – VALUE FUNDS

Groww Value Fund

–

27.4

2.3

0.9

3.8

19.7

20.9

–

0.73

HYBRID – BALANCED ADVANTAGE FUNDS

HDFC Balanced Advantage Fund

–

519.8

102790

1.4

0.8

2.9

21.7

24.3

14.2

1.11

EQUITY – LARGE & MID CAP FUNDS

HSBC Large & Mid Cap Fund

–

26.4

4365

1.9

0.8

-1.3

21.9

23.1

–

0.60

EQUITY – TAX SAVING (ELSS) FUNDS

HSBC Tax Saver Equity Fund

–

96.1

253

2.5

1.8

9.6

22.5

23.3

13.2

0.70

EQUITY – MULTI CAP FUNDS

ICICI Prudential Multicap Fund

–

803.7

15533

1.7

0.9

3.3

23.5

25.9

14.4

0.88

EQUITY – SECTOR – PHARMA FUNDS

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

–

40.5

5728

1.9

1.1

19.1

28.7

24.0

–

0.85

EQUITY – SMALL CAP FUNDS

ICICI Prudential Smallcap Fund

–

89.5

8566

1.8

0.7

0.3

20.8

32.4

15.5

1.00

HYBRID – AGGRESSIVE HYBRID FUNDS

Invesco India Aggressive Hybrid Fund

–

22.7

742

2.3

0.8

5.5

18.8

17.2

–

0.68

EQUITY – CONTRA FUNDS

Invesco India Contra Fund

–

136.3

19257

1.6

0.6

5.1

23.4

23.6

15.5

0.78

HYBRID – EQUITY SAVINGS FUNDS

Invesco India Equity Savings Fund

–

17.1

426

2.3

0.7

5.4

12.2

9.9

–

0.59

EQUITY – MULTI CAP FUNDS

Invesco India Multicap Fund

–

132.0

4182

1.9

0.7

3.6

22.3

24.3

13.7

0.71

EQUITY – SMALL CAP FUNDS

Invesco India Smallcap Fund

–

43.1

7425

1.8

0.4

10.8

30.1

33.6

–

0.85

HYBRID – BALANCED ADVANTAGE FUNDS

Kotak Balanced Advantage Fund

–

20.6

17677

1.7

0.6

5.3

13.4

12.9

–

0.82

EQUITY – CONTRA FUNDS

Kotak Contra Fund

–

150.7

4502

1.9

0.6

-0.2

24.3

24.6

15.1

0.85

HYBRID – CONSERVATIVE HYBRID FUNDS

LIC MF Conservative Hybrid Fund

–

82.0

2.3

1.2

5.1

7.2

6.3

6.4

0.50

EQUITY – DIVIDEND YIELD FUNDS

LIC MF Dividend Yield Fund

–

31.1

613

2.3

0.6

1.8

25.0

23.9

–

0.77

HYBRID – EQUITY SAVINGS FUNDS

LIC MF Equity Savings Fund

–

27.9

2.3

1.3

7.7

10.7

7.0

0.62

EQUITY – FOCUSED FUNDS

LIC MF Focused Fund

–

22.1

171

2.5

1.6

2.9

16.0

18.2

–

0.60

EQUITY – SECTOR – PHARMA FUNDS

LIC MF Healthcare Fund

–

29.9

2.5

1.2

14.8

20.9

17.2

–

0.56

EQUITY – VALUE FUNDS

LIC MF Value Fund

–

24.4

169

2.4

1.0

-2.5

18.3

21.0

–

0.57

EQUITY – THEMATIC – CONSUMPTION FUNDS

Mahindra Manulife Consumption Fund

–

22.4

513

2.4

0.7

-3.3

17.3

19.4

–

0.62

EQUITY – LARGE CAP FUNDS

Mahindra Manulife Large Cap Fund

–

23.1

730

2.3

0.7

-1.3

16.5

19.0

–

0.70

EQUITY – MID CAP FUNDS

Mahindra Manulife Mid Cap Fund

–

33.8

3990

1.9

0.5

0.4

27.5

29.5

–

0.82

EQUITY – MULTI CAP FUNDS

Mahindra Manulife Multi Cap Fund

–

36.3

5762

1.8

0.4

3.2

24.0

27.1

–

0.77

HYBRID – EQUITY SAVINGS FUNDS

Mirae Asset Equity Savings Fund

–

20.3

1507

1.4

0.4

7.1

12.4

13.1

–

0.98

EQUITY – SECTOR – PHARMA FUNDS

Mirae Asset Healthcare Fund

–

39.5

2785

1.9

0.5

14.5

23.3

22.0

–

0.72

HYBRID – AGGRESSIVE HYBRID FUNDS

Navi Aggressive Hybrid Fund

–

20.9

125

2.3

0.4

5.0

15.6

–

0.67

EQUITY – TAX SAVING (ELSS) FUNDS

Navi ELSS Tax Saver Fund

–

28.8

2.3

0.4

-3.8

15.6

17.1

–

0.57

EQUITY – FLEXI CAP FUNDS

Navi Flexi Cap Fund

–

22.7

262

2.3

0.4

-2.2

15.5

18.4

–

0.61

HYBRID – BALANCED ADVANTAGE FUNDS

Nippon India Balanced Advantage Fund

–

176.5

9391

1.7

0.6

3.9

13.7

14.4

9.6

0.92

EQUITY – THEMATIC – CONSUMPTION FUNDS

Nippon India Consumption Fund

–

199.4

2640

2.0

0.6

-1.0

19.4

24.0

14.0

0.81

EQUITY – MULTI CAP FUNDS

Nippon India Multi Cap Fund

–

301.4

45366

1.5

0.7

3.2

27.1

31.8

14.7

0.98

EQUITY – SECTOR – PHARMA FUNDS

Nippon India Pharma Fund

–

522.9

8569

1.8

0.9

12.3

24.2

21.4

13.9

0.72

HYBRID – AGGRESSIVE HYBRID FUNDS

PGIM India Aggressive Hybrid Equity Fund

–

130.6

220

2.3

0.8

5.1

15.0

14.9

8.1

0.56

HYBRID – EQUITY SAVINGS FUNDS

PGIM India Equity Savings Fund

–

49.2

1.3

0.6

5.6

7.5

9.1

7.0

1.12

EQUITY – FLEXI CAP FUNDS

Quant Flexi Cap Fund

–

98.9

7326

1.8

0.6

-9.4

22.0

30.7

18.2

0.84

EQUITY – MULTI CAP FUNDS

Quant Multi Cap Fund

–

635.0

10130

1.7

0.6

-11.9

17.3

26.9

17.4

0.72

EQUITY – CONTRA FUNDS

SBI Contra Fund

–

386.9

47390

1.5

0.7

-0.3

24.2

32.0

15.8

1.24

EQUITY – SECTOR – PHARMA FUNDS

SBI Healthcare Opportunities Fund

–

439.9

3849

1.9

0.9

19.4

28.0

23.5

11.3

0.83

EQUITY – THEMATIC – MNC FUNDS

SBI MNC Fund

–

372.5

6309

1.9

1.2

-0.5

11.7

16.2

10.5

0.56

HYBRID – AGGRESSIVE HYBRID FUNDS

Shriram Aggressive Hybrid Fund

–

31.4

2.4

1.0

-4.7

12.8

13.4

8.8

0.52

EQUITY – TAX SAVING (ELSS) FUNDS

Shriram ELSS Tax Saver Fund

–

21.2

2.3

0.8

-11.2

13.6

14.7

–

0.42

EQUITY – FLEXI CAP FUNDS

Shriram Flexi Cap Fund

–

20.3

141

2.4

0.9

-12.8

13.8

15.3

–

0.43

HYBRID – CONSERVATIVE HYBRID FUNDS

Sundaram Conservative Hybrid Fund

–

29.7

2.2

1.2

5.2

8.4

8.6

6.9

0.86

EQUITY – TAX SAVING (ELSS) FUNDS

Sundaram Diversified Equity

–

221.6

1519

2.1

1.6

1.9

16.3

20.2

11.1

0.73

EQUITY – MULTI CAP FUNDS

Sundaram Multi Cap Fund

–

384.5

2853

2.0

0.9

3.1

20.3

24.2

14.6

0.77

HYBRID – BALANCED ADVANTAGE FUNDS

Tata Balanced Advantage Fund

–

20.6

10353

1.7

0.4

2.5

12.5

13.4

–

0.92

EQUITY – FLEXI CAP FUNDS

Tata Flexi Cap Fund

–

24.6

3419

1.9

0.6

6.2

18.7

19.0

–

0.68

EQUITY – SECTOR – PHARMA FUNDS

Tata India Pharma & Healthcare Fund

–

30.8

1282

2.1

0.6

11.9

23.8

21.4

–

0.73

EQUITY – SMALL CAP FUNDS

Tata Small Cap Fund

–

42.0

11164

1.7

0.3

4.9

26.8

33.7

–

0.90

EQUITY – SECTOR – BANKING FUNDS

Taurus Banking & Financial Services Fund

–

54.0

2.4

1.6

4.4

18.7

19.7

11.6

0.58

EQUITY – TAX SAVING (ELSS) FUNDS

Taurus ELSS Tax Saver Fund

–

187.1

2.4

1.8

2.4

20.8

20.1

12.6

0.75

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Taurus Infrastructure Fund

–

68.7

2.5

2.0

-3.2

22.8

24.9

13.5

0.68

EQUITY – LARGE CAP FUNDS

Taurus Large Cap Fund

–

157.6

2.6

2.4

-1.6

17.4

18.1

9.1

0.57

HYBRID – BALANCED ADVANTAGE FUNDS

Union Balanced Advantage Fund

–

20.3

1395

2.2

1.0

2.5

11.5

11.6

–

0.75

HYBRID – EQUITY SAVINGS FUNDS

Union Equity Savings Fund

–

16.8

139

2.0

1.5

3.6

9.1

8.7

–

0.67

EQUITY – VALUE FUNDS

Union Value Fund

–

28.7

333

2.5

1.2

2.1

21.3

23.1

–

0.80

HYBRID – EQUITY SAVINGS FUNDS

UTI Equity Savings Fund

–

18.3

707

1.6

0.7

4.9

11.8

12.2

–

1.05

EQUITY – SECTOR – PHARMA FUNDS

UTI Healthcare Fund

–

295.0

1099

2.3

1.3

18.5

26.3

21.7

11.3

0.70

EQUITY – THEMATIC – MNC FUNDS

UTI MNC Fund

–

393.5

2867

2.0

1.2

-3.9

13.9

15.0

9.6

0.52

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ICICI Pharma And Healthcare Fund: Tiding Over Tariffs

by Hansraj Agrawal | Jul 12, 2025 | Share Market

Markets are near historic highs as all positives have been factored into share prices with only a small margin for error.

In the broader market, investors must monitor earnings growth (which is only modest), and pricey valuations amidst an uncertain and volatile global environment.

At this point, defensive earnings growth offered by the healthcare sector should interest investors. But even within healthcare, pharmaceuticals are again under a cloud with Trump tariffs reaching a feverish pitch recently. Despite having long-term drivers firmly in place, pharma investors will have to deal with the short-term noise. The current dynamics in the sector may present a better entry point for long-term investors with a risk appetite that tides over the impending tariff volatility in the near term.

Among mutual funds operating in healthcare, ICICI Pru’s Pharma Healthcare & Diagnostics Fund has delivered strong benchmark beating returns, and can be considered for healthcare exposure.

Sector noise

Firstly, US President Donald Trump’s tariff announcements have started targeting pharmaceuticals again. Trump announced that unless companies start producing pharmaceuticals in the US in a year’s time or more, imports to the US will have to face 200 per cent tariffs.

India primarily exports generics to the US; close to half of the generics consumed in the US are sourced from India. Given the dependency on imported generics, the lower size of the market (generics are 90 per cent by volume and 20 per cent by value), and a probable uniform impact on all importers, except the ones based in the US, the impact of tariff will largely be borne by consumers and only partially by manufacturers. Nifty Pharma index has gained 8 per cent in the last one year, a period marked by tariff discussions, as investors have assessed the impact of the same.

The sector could be in for a volatile period on the product front. Generic Revlimid opportunity comes to a halt in early January 2026, a product which benefitted several players in India. Diabetes opportunity could open around the same time and will have to be monitored which player is geared to leverage this.

The other sectors in the segment, such as hospitals and diagnostics, offer diversification benefits. Hospitals have rerated to higher valuations. As healthcare is increasingly a private service in India as opposed to government-provided, the industry can consistently expand volumes and maintain pricing growth. Listed diagnostic chains are benefitting from the unorganised to organised transition, which is driving volumes, but price-based competition is pressuring the sector.

Fund performance and holdings

The fund has an average rolling five-year returns of 25.6 per cent against BSE Healthcare index returns of 22.3 per cent since its inception in 2018. Even in one- and three-year periods, the fund outperformed the index as shown in the table.

The fund holds up well when compared across healthcare funds as illustrated. Investors must note that while, ICICI Pru, DSP Healthcare or Mirae have higher returns compared to Nippon, SBI and UTI, it can be attributed to the fund legacy period. The former three started operations in the 2018-19 period, when Pharma stocks turned around negative growth, and valuations started increasing, while the other three funds have been operating for nearly 20 years.

The fund is overweight on pharmaceuticals with 77 per cent as on May 25 compared to the segment average of 69 per cent. Hospitals and labs are underweight at a combined 6.7 per cent compared to sector weight of 15 per cent which could be attributed to higher valuations in the segments.

Within Pharmaceuticals, Sun Pharma holds the biggest weight at 12.7 per cent and has come off from 16 per cent in January 2024. In the period thereafter, Divi’s Labs weight increased from 2 per cent to 9 per cent now. The prospects of contract research and manufacturing that Divi’s is into have improved on the back of US Bio secure act; this is reflected in fund holdings. The funds are also overweight on Dr Reddy’s at 9 per cent compared to the sector average of 4 per cent. This could be attributed to impending diabetes franchise the company is aiming at which has been the basis of our hold call on the stock recently.

Published on July 12, 2025

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