Good Time To Buy Quality Index Funds

by Hansraj Agrawal | Nov 8, 2024 | Share Market

The Indian stock market has seen a correction in the past month on weak earnings and a barrage of foreign investor selling. While the Nifty50 or Sensex30 have corrected only 6-7 per cent, there are several stocks in the broader market that have declined over 20-30 per cent.

Long-term investors looking to buy equities now, can take two approaches. They could look for stocks trading at low valuations based on price-earnings, price-book value, dividend yield and so on. Or they could pick up high-quality companies that have turned cheaper because of the correction. These are the value and quality approaches to investing respectively.

The value style has been a significant outperformer since Covid. However, the quality style has been a laggard. As of November 5 2024, the Nifty200 Quality 30 index has managed a five-year CAGR of just 16 per cent. This significantly trailed the Nifty momentum index return of 26 per cent and the value index return of 29 per cent, and also the Nifty200 return of 17 per cent. The underperformance has been particularly sharp in the last three years.

What’s quality?

This makes it a good time to buy equity funds managed in the quality style. The quality style of investing focuses on choosing the best companies to invest in, based on their superiority in shareholder return metrics. Quality investors like to buy stocks with the highest Return on Equity (ROE), Return on capital employed (ROCE), operating profit margins (OPM) and secular earnings growth. Typically, these filters throw up companies in market leading position with a competitive moat. Quality style investors do not mind paying high valuations for stocks that meet their quality parameters and have high shareholder return metrics.

Performance

Though the quality style of investing has underperformed in the last five years, selecting stocks based on fundamental metrics such as return on equity, capital employed or earnings stability seldom goes wrong in the long run.

Rolling return data for the 2005 to 2019 period show that the Nifty200 Quality30 index beat the Nifty200 almost 100 per cent of the times, for investors holding for 5 plus years. The year-wise returns show that quality indices are good defensive bets because they fall much less than the market in sharp corrections. In 2008, the Nifty200 Quality 30 fell 51 per cent against the Nifty 200’s 57 per cent fall. In 2011, it fell 12 per cent against the Nifty 200’s 27 per cent decline. In the Covid crash of March-April 2020, the quality index fell 22 per cent against the 28 per cent crash in the Nifty200.

The data also show quality stocks enthusiastically participating in the big bull markets that came after the meltdowns. The Nifty200 Quality30 outdid the Nifty200 in 2005, 2009, 2010, 2013, 2014 and 2015 – all years where markets notched up big gains.

The passive menu

So if you are sold on quality-style index funds, what are the choices available on the menu?

While active fund managers may use qualitative assessments on the durability of a company’s moat, governance etc. in addition to ROE, ROCE and OPMs, passive funds following the quality factor use only quantitative metrics.

Currently, a majority of passive funds on the quality theme use three NSE indices as their underlying – the Nifty200 Quality30, Nifty100 Quality30 or the NiftyMidcap150 Quality50. The BSE also offers a BSE Quality Index, which has one index fund. Your choice of fund should depend on which underlying index is better.

Which index?

At this juncture, the NSE indices appear a better bet. The NSE quality indices apply three main filters to choose their constituents from the parent index of Nifty100, Nifty200 or Nifty Midcap 150. They filter stocks for low debt/equity, high return on equity and low variability of earnings growth in the last five years. Filtering for low variability of earnings weeds out companies with cyclical or inconsistently growing earnings. Stocks are finally selected based on a blended score of these three factors with equal weights assigned to each.

The BSE Quality Index uses ROE, leverage and accruals as inputs to arrive at the quality score, which is used to select stocks. But it doesn’t filter out cyclical or commodity companies with volatile earnings. Therefore, the index features significant weights in these companies which the NSE indices manage to avoid.

Final choice

This analysis leaves you with three choices. Nifty200 Quality30 Index funds, Nifty100 Quality30 Index funds and Nifty Midcap150 Quality50 index funds. Analysing their valuations, sector weights and portfolios, the Nifty200 Quality30 has very concentrated weights in IT and FMCG stocks with a 30 per cent and 28 per cent weight in these two sectors respectively. It would be better to pick quality tocks from a more diverse range of stocks. The Nifty100 Quality30 index is slightly less concentrated with FMCGs (28.9 per cent), IT (24 per cent), Auto (13.8 per cent), Capital goods (7.9 per cent) as top sectors. It is available at a portfolio of 32 times and dividend yield of 1.9 per cent. This can be a good bet for conservative investors.

However, investors willing to take slightly higher risk should consider Nifty Midcap150 Quality 50 index funds, which have a far more diverse and interesting portfolio (See table). While the Nifty100 Quality30 index is made up of mature earnings compounders and dividend payers, the Midcap150 Quality50 features compounders with a long growth runway. DSP Mutual Fund and UTI Mutual Fund offer funds based on this index.

Overview

Quality has been an underperformer for three years, making it an attractive proposition

Nifty Midcap 150 Quality50 index funds suit risky investors

Conservative investors can choose The Nifty100 Quality30 index

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Mutual Funds returns

by Hansraj Agrawal | Nov 2, 2024 | Share Market

EQUITY – FOCUSED FUNDS

360 ONE Focused Equity Fund

46.7

8177

1.8

0.9

35.1

15.3

21.7

16.5

0.44

EQUITY – TAX SAVING (ELSS) FUNDS

Bank of India ELSS Tax Saver

168.2

1486

2.0

0.8

45.6

18.6

25.3

16.9

0.54

HYBRID – AGGRESSIVE HYBRID FUNDS

BOI AXA Mid & Small Cap Eq&Debt

38.0

1000

2.1

1.0

38.5

18.8

25.8

–

0.59

EQUITY – LARGE CAP FUNDS

Canara Robeco Bluechip Equity Fund

60.5

15312

1.7

0.5

33.5

12.7

17.9

13.6

0.41

EQUITY – THEMATIC – CONSUMPTION FUNDS

Canara Robeco Consumer Trends Fund

109.5

1849

2.1

0.8

38.4

17.7

20.6

17.1

0.46

HYBRID – BALANCED ADVANTAGE FUNDS

Edelweiss Balanced Advantage Fund

49.5

12690

1.6

0.5

24.4

11.2

15.0

11.1

0.60

HYBRID – EQUITY SAVINGS FUNDS

Edelweiss Equity Savings Fund

23.8

509

1.6

0.6

16.5

9.1

10.5

8.9

0.62

EQUITY – LARGE & MID CAP FUNDS

HDFC Large and Mid Cap Fund

330.6

24508

1.7

0.8

39.8

20.4

23.5

14.1

0.47

HYBRID – BALANCED ADVANTAGE FUNDS

ICICI Prudential Balanced Advantage Fund

69.5

62051

1.5

0.8

21.0

12.3

13.2

11.1

0.35

EQUITY – LARGE CAP FUNDS

ICICI Prudential Bluechip Fund

106.2

66207

1.4

0.9

36.8

17.1

19.6

14.1

0.41

EQUITY – FOCUSED FUNDS

ICICI Prudential Focused Equity Fund

86.6

10201

1.7

0.6

47.2

19.9

24.0

14.2

0.59

EQUITY – SECTOR – IT FUNDS

ICICI Prudential Technology Fund

203.0

14173

1.7

0.9

37.3

8.9

28.8

18.0

0.57

EQUITY – VALUE FUNDS

ICICI Prudential Value Discovery Fund

451.2

51198

1.5

1.0

40.7

22.5

26.0

15.9

0.59

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Invesco India Infrastructure Fund

64.4

1666

2.1

0.7

60.2

27.4

30.0

17.6

0.59

EQUITY – FLEXI CAP FUNDS

JM Flexicap Fund

104.4

4531

1.8

0.4

54.7

26.3

24.5

17.7

0.52

EQUITY – LARGE CAP FUNDS

JM Large Cap Fund

157.8

429

2.4

0.7

38.6

16.6

18.5

11.7

0.61

EQUITY – VALUE FUNDS

JM Value Fund

103.1

1085

2.2

0.8

48.4

25.6

25.2

18.0

0.49

HYBRID – CONSERVATIVE HYBRID FUNDS

Kotak Debt Hybrid Fund

56.4

2886

1.7

0.5

17.9

9.6

11.5

9.8

0.62

EQUITY – MID CAP FUNDS

Motilal Oswal Midcap Fund

103.0

18604

1.6

0.6

65.9

33.5

31.3

20.7

0.57

EQUITY – SMALL CAP FUNDS

Nippon India Small Cap Fund

176.7

62260

1.4

0.7

45.9

29.8

35.7

22.8

0.61

EQUITY – FLEXI CAP FUNDS

Parag Parikh Flexi Cap Fund

79.3

82441

1.3

0.6

35.8

16.4

24.7

18.2

0.56

EQUITY – MID CAP FUNDS

PGIM India Midcap Opportunities Fund

62.2

11700

1.7

0.5

31.7

13.1

28.3

16.3

0.58

HYBRID – AGGRESSIVE HYBRID FUNDS

Quant Absolute Fund

421.1

2352

2.0

0.7

32.8

16.2

23.9

15.8

0.59

EQUITY – TAX SAVING (ELSS) FUNDS

Quant ELSS Tax Saver Fund

383.0

11561

1.7

0.7

42.6

21.3

31.4

22.2

0.61

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Quant Infrastructure Fund

40.0

3937

1.9

0.7

54.8

26.2

34.1

19.2

0.58

EQUITY – LARGE & MID CAP FUNDS

Quant Large & Mid Cap Fund

121.6

3828

1.9

0.6

48.0

23.6

25.7

19.5

0.58

EQUITY – MID CAP FUNDS

Quant Mid Cap Fund

227.8

9501

1.7

0.6

42.0

25.7

32.2

18.9

0.67

EQUITY – SMALL CAP FUNDS

Quant Small Cap Fund

270.2

26645

1.6

0.6

51.6

27.6

46.0

21.1

0.76

HYBRID – CONSERVATIVE HYBRID FUNDS

SBI Conservative Hybrid Fund

69.7

10030

1.1

0.6

14.8

9.7

11.1

9.6

0.59

EQUITY – TAX SAVING (ELSS) FUNDS

SBI Long Term Equity Fund

431.4

28733

1.6

0.9

51.3

24.0

24.6

15.2

0.52

HYBRID – EQUITY SAVINGS FUNDS

Sundaram Equity Savings Fund

67.5

995

2.1

0.5

18.8

10.3

12.9

9.5

0.56

EQUITY – SECTOR – BANKING FUNDS

Sundaram Financial Services Opportunities Fund

98.0

1498

2.1

0.7

26.6

16.3

16.8

14.0

0.30

EQUITY – DIVIDEND YIELD FUNDS

Templeton India Equity Income Fund

142.0

2554

2.1

1.2

45.8

21.0

25.1

15.7

0.55

HYBRID – BALANCED ADVANTAGE FUNDS

Aditya Birla SL Bal Advantage

100.6

7701

1.8

0.7

22.9

11.0

12.8

10.7

0.37

EQUITY – SMALL CAP FUNDS

AXIS Small Cap Fund

105.2

24766

1.6

0.5

36.4

21.5

27.2

19.6

0.53

EQUITY – LARGE & MID CAP FUNDS

Bandhan Core Equity Fund

129.5

6982

1.8

0.6

49.6

22.7

23.5

16.1

0.46

EQUITY – TAX SAVING (ELSS) FUNDS

Bandhan ELSS Tax Saver Fund

150.1

7354

1.7

0.6

29.6

15.6

22.6

16.0

0.43

EQUITY – VALUE FUNDS

Bandhan Sterling Value Fund

148.5

10601

1.7

0.7

37.3

19.9

25.8

16.4

0.45

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

BOI AXA Manufacturing & Infra

56.4

529

2.3

0.8

49.9

26.4

29.7

17.0

0.62

HYBRID – AGGRESSIVE HYBRID FUNDS

Baroda BNP Paribas Aggressive Hybrid Fund

27.5

1200

2.1

0.5

31.6

13.8

16.4

–

0.44

EQUITY – LARGE CAP FUNDS

Baroda BNP Paribas Large Cap Fund

220.0

2440

2.0

0.8

38.9

15.5

17.9

13.5

0.41

EQUITY – TAX SAVING (ELSS) FUNDS

Canara Robeco ELSS Tax Saver

173.6

9256

1.7

0.5

36.7

13.9

20.8

14.7

0.45

EQUITY – TAX SAVING (ELSS) FUNDS

DSP ELSS Tax Saver Fund

136.9

17771

1.6

0.7

46.3

18.6

21.8

16.5

0.44

EQUITY – LARGE CAP FUNDS

Edelweiss Large Cap Fund

82.8

1123

2.2

0.7

32.7

14.5

17.3

13.3

0.37

EQUITY – MID CAP FUNDS

Edelweiss Mid Cap Fund

97.6

7755

1.7

0.4

57.1

24.5

29.5

19.8

0.57

EQUITY – FLEXI CAP FUNDS

Franklin India Flexi Cap Fund

1601.9

18252

1.7

0.9

39.0

17.9

22.5

15.1

0.45

EQUITY – FLEXI CAP FUNDS

HDFC Flexi Cap Fund

1877.4

66225

1.4

0.8

43.9

23.4

23.0

15.0

0.45

EQUITY – FOCUSED FUNDS

HDFC Focused 30 Fund

217.2

15109

1.7

0.5

42.9

23.7

22.6

14.0

0.45

HYBRID – CONSERVATIVE HYBRID FUNDS

HDFC Hybrid Debt Fund

79.1

3342

1.8

1.2

16.1

10.0

10.9

9.1

0.57

EQUITY – MID CAP FUNDS

HDFC Mid-Cap Opportunities Fund

186.6

77683

1.4

0.7

45.0

26.8

28.7

18.9

0.56

HYBRID – BALANCED ADVANTAGE FUNDS

HSBC Balanced Advantage Fund

42.5

1510

2.1

0.8

24.0

10.7

11.1

8.7

0.39

HYBRID – EQUITY SAVINGS FUNDS

HSBC Equity Savings Fund

32.4

478

1.5

0.6

24.9

12.4

12.9

9.3

0.45

EQUITY – DIVIDEND YIELD FUNDS

ICICI Prudential Dividend Yield Equity Fund

51.0

5066

1.8

0.5

46.6

24.5

26.0

15.3

0.55

HYBRID – AGGRESSIVE HYBRID FUNDS

ICICI Prudential Equity & Debt Fund

372.3

41396

1.6

1.0

33.9

19.6

22.2

15.7

0.54

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

ICICI Prudential Infrastructure Fund

191.6

6424

1.9

1.2

56.1

33.1

30.8

17.0

0.55

EQUITY – LARGE & MID CAP FUNDS

ICICI Prudential Large & Mid Cap Fund

952.4

17464

1.7

0.8

43.0

20.8

23.7

14.9

0.48

HYBRID – CONSERVATIVE HYBRID FUNDS

ICICI Prudential Regular Savings Fund

71.7

3303

1.7

0.9

15.0

9.1

9.9

9.7

0.67

EQUITY – SECTOR – BANKING FUNDS

Invesco India Financial Services Fund

128.3

1043

2.2

0.9

36.9

16.5

16.3

15.4

0.29

HYBRID – AGGRESSIVE HYBRID FUNDS

JM Aggressive Hybrid Fund

124.4

643

2.3

0.6

43.6

21.3

25.3

12.9

0.62

EQUITY – TAX SAVING (ELSS) FUNDS

JM ELSS Tax Saver Fund

49.5

187

2.4

1.2

49.4

19.2

21.8

16.3

0.44

EQUITY – LARGE CAP FUNDS

Kotak Bluechip Fund

551.0

9806

1.7

0.6

33.3

13.1

17.5

13.2

0.38

EQUITY – MID CAP FUNDS

Kotak Emerging Equity Fund

130.4

52627

1.4

0.4

45.3

22.3

27.1

19.4

0.53

HYBRID – AGGRESSIVE HYBRID FUNDS

Kotak Equity Hybrid Fund

60.5

6715

1.8

0.5

32.6

15.1

18.3

–

0.43

EQUITY – LARGE & MID CAP FUNDS

Kotak Equity Opportunities Fund

332.7

26175

1.6

0.5

39.9

19.5

22.0

16.1

0.46

HYBRID – EQUITY SAVINGS FUNDS

Kotak Equity Savings Fund

25.0

7644

1.8

0.7

18.0

10.9

11.1

9.4

0.44

EQUITY – SMALL CAP FUNDS

Kotak Small Cap Fund

276.7

18287

1.6

0.5

43.8

19.6

31.1

19.7

0.56

EQUITY – TAX SAVING (ELSS) FUNDS

Mirae Asset ELSS Tax Saver Fund

46.7

26418

1.5

0.6

34.7

14.1

20.3

–

0.43

EQUITY – THEMATIC – CONSUMPTION FUNDS

Mirae Asset Great Consumer Fund

93.0

4496

1.8

0.4

34.7

19.0

20.0

16.4

0.45

EQUITY – LARGE & MID CAP FUNDS

Mirae Asset Large & Midcap Fund

145.5

40670

1.5

0.6

33.5

13.8

21.0

18.9

0.45

EQUITY – TAX SAVING (ELSS) FUNDS

Motilal Oswal ELSS Tax Saver Fund

52.6

4195

1.8

0.6

64.2

24.7

23.2

–

0.45

EQUITY – MID CAP FUNDS

Nippon India Growth Fund

4030.1

35209

1.6

0.8

48.7

25.0

29.5

18.5

0.57

EQUITY – LARGE CAP FUNDS

Nippon India Large Cap Fund

86.9

34432

1.6

0.7

36.2

19.8

19.9

14.5

0.40

EQUITY – VALUE FUNDS

Nippon India Value Fund

224.0

8962

1.8

1.1

48.6

21.8

24.6

16.6

0.48

EQUITY – FLEXI CAP FUNDS

PGIM India Flexi Cap Fund

34.9

6704

1.8

0.4

28.8

9.5

20.3

–

0.43

EQUITY – FOCUSED FUNDS

Quant Focused Fund

89.2

1183

2.1

0.7

40.8

19.0

21.7

16.9

0.46

EQUITY – SECTOR – BANKING FUNDS

SBI Banking & Financial Services Fund

38.4

6407

1.8

0.7

35.8

13.6

15.1

–

0.27

EQUITY – THEMATIC – CONSUMPTION FUNDS

SBI Consumption Opportunities Fund

326.9

3101

2.0

0.9

36.5

23.2

22.3

16.9

0.47

EQUITY – SECTOR – IT FUNDS

Tata Digital India Fund

50.5

12052

1.7

0.4

43.3

10.9

27.6

–

0.57

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Tata Infrastructure Fund

187.7

2606

2.0

1.1

50.4

27.8

27.5

17.1

0.55

EQUITY – FLEXI CAP FUNDS

Union Flexi Cap Fund

49.7

2355

2.0

0.9

30.0

13.2

19.4

12.2

0.42

EQUITY – SECTOR – BANKING FUNDS

Aditya Birla SL Bank & Fin Serv

56.4

3408

2.0

1.0

22.4

12.0

13.7

14.3

0.24

EQUITY – SECTOR – IT FUNDS

Aditya Birla Sun Life Digital India Fund

177.7

5261

1.9

0.8

30.0

9.9

27.2

18.4

0.54

EQUITY – DIVIDEND YIELD FUNDS

Aditya Birla Sun Life Dividend Yield Fund

464.3

1625

2.2

1.4

44.5

22.4

23.7

13.1

0.51

EQUITY – FLEXI CAP FUNDS

Aditya Birla Sun Life Flexi Cap Fund

1728.5

23905

1.7

0.8

37.8

13.8

18.6

14.5

0.37

EQUITY – FOCUSED FUNDS

Aditya Birla Sun Life Focused Fund

137.7

8230

1.8

0.9

37.1

13.8

17.6

13.0

0.38

EQUITY – LARGE CAP FUNDS

Aditya Birla Sun Life Frontline Equity Fund

510.3

31389

1.6

1.0

33.4

13.8

17.5

12.9

0.37

EQUITY – THEMATIC – CONSUMPTION FUNDS

Aditya Birla Sun Life India GenNext Fund

212.9

6304

1.8

0.7

33.2

15.2

18.8

16.4

0.41

HYBRID – CONSERVATIVE HYBRID FUNDS

Aditya Birla Sun Life Regular Savings Fund

63.5

1413

1.9

1.0

14.0

8.3

9.6

8.9

0.41

HYBRID – CONSERVATIVE HYBRID FUNDS

Axis Conservative Hybrid Fund

28.7

305

2.2

0.9

11.5

5.7

8.2

7.0

0.44

HYBRID – EQUITY SAVINGS FUNDS

Axis Equity Savings Fund

21.4

1008

2.3

1.0

18.0

8.0

9.8

–

0.33

EQUITY – MID CAP FUNDS

Axis Midcap Fund

109.5

32016

1.6

0.5

43.5

16.1

22.5

17.0

0.53

HYBRID – BALANCED ADVANTAGE FUNDS

Bandhan Balanced Advantage Fund

23.4

2325

2.0

0.7

20.2

8.8

11.0

8.5

0.29

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Bandhan Infrastructure Fund

52.2

1906

2.1

0.8

64.7

29.0

29.8

16.8

0.51

EQUITY – LARGE CAP FUNDS

Bandhan Large Cap Fund

74.6

1745

2.1

0.9

38.8

13.7

17.4

11.9

0.38

HYBRID – CONSERVATIVE HYBRID FUNDS

Baroda BNP Paribas Conser Hybrid

42.9

756

2.0

0.5

13.2

7.1

7.6

7.5

0.43

EQUITY – TAX SAVING (ELSS) FUNDS

Baroda BNP Paribas ELSS Tax Saver Fund

94.0

988

2.2

1.0

44.4

15.3

18.3

13.4

0.40

EQUITY – MID CAP FUNDS

Baroda BNP Paribas Mid Cap Fund

101.3

2247

2.0

0.5

44.3

19.8

25.7

16.9

0.54

HYBRID – CONSERVATIVE HYBRID FUNDS

Canara Robeco Conservative Hybrid Fund

93.2

979

1.8

0.7

14.2

7.5

9.4

8.2

0.53

EQUITY – LARGE & MID CAP FUNDS

Canara Robeco Emerging Equities

248.3

25507

1.6

0.6

40.3

14.8

21.3

17.2

0.45

HYBRID – AGGRESSIVE HYBRID FUNDS

Canara Robeco Equity Hybrid Fund

350.4

11278

1.7

0.6

29.8

12.4

16.2

13.0

0.45

EQUITY – FLEXI CAP FUNDS

Canara Robeco Flexi Cap Fund

328.0

13713

1.7

0.6

34.9

12.7

18.7

13.8

0.42

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Canara Robeco Infrastructure Fund

158.8

883

2.3

1.0

61.7

29.1

28.7

16.6

0.56

HYBRID – BALANCED ADVANTAGE FUNDS

DSP Dynamic Asset Allocation Fund

26.4

3259

1.9

0.7

22.1

9.8

10.5

9.1

0.33

HYBRID – AGGRESSIVE HYBRID FUNDS

DSP Equity & Bond Fund

344.7

10610

1.8

0.7

32.0

13.0

16.2

13.3

0.39

EQUITY – LARGE & MID CAP FUNDS

DSP Equity Opportunities Fund

607.4

14486

1.7

0.7

45.7

18.6

21.3

16.1

0.44

EQUITY – FLEXI CAP FUNDS

DSP Flexi Cap Fund

102.3

12416

1.7

0.7

37.8

14.7

19.2

14.7

0.40

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

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

329.0

5646

1.9

0.8

61.8

32.1

28.9

18.0

0.52

EQUITY – SMALL CAP FUNDS

DSP Small Cap Fund

197.0

16705

1.7

0.8

39.5

22.9

30.4

19.4

0.56

EQUITY – FLEXI CAP FUNDS

Edelweiss Flexi Cap Fund

37.9

2439

2.0

0.5

46.1

18.0

20.6

–

0.43

EQUITY – LARGE & MID CAP FUNDS

Edelweiss Large & Mid Cap Fund

85.7

3781

1.9

0.5

41.4

17.6

21.4

15.2

0.45

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Franklin Build India Fund

142.3

2908

2.0

0.9

56.6

29.7

27.9

18.8

0.51

EQUITY – TAX SAVING (ELSS) FUNDS

Franklin India ELSS Tax Saver Fund

1453.5

7242

1.8

1.0

40.0

18.3

20.5

14.4

0.40

HYBRID – AGGRESSIVE HYBRID FUNDS

Franklin India Equity Hybrid Fund

261.7

2066

2.1

1.0

29.7

13.6

16.3

12.4

0.41

EQUITY – FOCUSED FUNDS

Franklin India Focused Equity Fund

105.0

13050

1.8

0.9

35.0

16.4

20.6

15.0

0.42

EQUITY – TAX SAVING (ELSS) FUNDS

HDFC ELSS Tax saver

1341.5

16761

1.7

1.1

43.3

21.9

21.1

13.1

0.42

HYBRID – EQUITY SAVINGS FUNDS

HDFC Equity Savings Fund

63.7

5302

1.9

0.9

17.4

9.8

11.3

9.4

0.42

HYBRID – AGGRESSIVE HYBRID FUNDS

HDFC Hybrid Equity Fund

114.2

24796

1.7

1.0

23.2

12.7

16.1

10.4

0.39

EQUITY – LARGE CAP FUNDS

HDFC Top 100 Fund

1121.0

38684

1.6

1.0

32.4

17.1

17.7

12.7

0.37

HYBRID – CONSERVATIVE HYBRID FUNDS

HSBC Conservative Hybrid Fund

58.7

134

2.2

1.3

18.0

8.3

9.0

7.8

0.46

EQUITY – FLEXI CAP FUNDS

HSBC Flexi Cap Fund

216.4

5165

1.9

1.2

44.9

17.9

20.6

13.6

0.40

EQUITY – LARGE CAP FUNDS

HSBC Large Cap Fund

473.1

2039

2.1

1.2

35.3

13.6

16.5

12.5

0.36

EQUITY – SMALL CAP FUNDS

HSBC Small Cap Fund

87.1

17306

1.7

0.7

42.5

26.4

30.5

20.8

0.53

EQUITY – VALUE FUNDS

HSBC Value Fund

108.2

14123

1.7

0.8

47.3

22.8

24.9

17.8

0.47

EQUITY – SECTOR – BANKING FUNDS

ICICI Prudential Banking & Financial Services Fund

123.2

8899

1.8

1.0

25.7

11.8

13.3

13.9

0.24

EQUITY – TAX SAVING (ELSS) FUNDS

ICICI Pru Long Term Equity

903.0

15321

1.7

1.1

35.5

14.3

18.7

13.3

0.39

EQUITY – MID CAP FUNDS

ICICI Prudential Midcap Fund

283.1

6778

1.9

1.0

51.5

20.2

24.4

16.2

0.47

HYBRID – BALANCED ADVANTAGE FUNDS

Invesco India Balanced Advantage Fund

52.3

889

2.2

0.9

26.1

12.3

11.7

9.9

0.30

EQUITY – TAX SAVING (ELSS) FUNDS

Invesco India ELSS Tax Saver Fund

126.1

3058

1.9

0.8

41.5

14.3

18.9

14.8

0.39

EQUITY – LARGE & MID CAP FUNDS

Invesco India Large & Mid Cap Fund

92.0

6493

1.8

0.6

52.4

20.1

20.4

15.8

0.43

EQUITY – LARGE CAP FUNDS

Invesco India Largecap Fund

67.0

1290

2.1

0.7

38.3

13.7

18.1

13.2

0.38

EQUITY – MID CAP FUNDS

Invesco India Midcap Fund

162.6

5904

1.8

0.6

54.6

22.8

27.1

18.4

0.56

EQUITY – FOCUSED FUNDS

JM Focused Fund

20.4

177

2.4

0.8

41.8

19.1

16.2

13.7

0.32

EQUITY – TAX SAVING (ELSS) FUNDS

Kotak ELSS Tax Saver Fund

115.3

6501

1.7

0.6

35.8

17.6

20.5

15.3

0.42

EQUITY – FLEXI CAP FUNDS

Kotak Flexicap Fund

79.8

53844

1.5

0.6

33.4

14.4

16.8

14.3

0.35

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Kotak Infra & Economic Reform

67.1

2524

2.0

0.6

49.3

27.3

27.6

16.9

0.51

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

LIC MF Infrastructure Fund

50.4

750

2.4

1.4

69.1

31.9

28.2

15.6

0.52

EQUITY – LARGE & MID CAP FUNDS

LIC MF Large & Midcap Fund

38.6

3235

1.9

0.6

45.2

16.6

19.7

–

0.41

EQUITY – SMALL CAP FUNDS

LIC MF Small Cap Fund

32.9

370

2.5

1.5

51.8

25.5

28.9

–

0.53

EQUITY – TAX SAVING (ELSS) FUNDS

Mahindra Manulife ELSS Tax Saver Fund

27.6

983

2.1

0.6

28.7

13.4

18.3

–

0.39

HYBRID – EQUITY SAVINGS FUNDS

Mahi Manu Eq Sav Dhan San Yojana

19.8

564

2.4

0.7

15.5

7.9

11.2

–

0.35

HYBRID – AGGRESSIVE HYBRID FUNDS

Mirae Asset Aggressive Hybrid Fund

30.9

9481

1.7

0.4

26.5

11.6

15.1

–

0.40

EQUITY – LARGE CAP FUNDS

Mirae Asset Large Cap Fund

108.2

42179

1.5

0.5

27.5

10.7

15.2

13.6

0.33

EQUITY – SECTOR – BANKING FUNDS

Nippon India Banking & Financial Services Fund

577.2

6389

1.9

1.1

26.2

16.1

16.3

13.4

0.28

EQUITY – FOCUSED FUNDS

Nippon India Focused Equity Fund

117.4

8979

1.8

1.1

29.0

14.4

20.4

14.6

0.39

EQUITY – TAX SAVING (ELSS) FUNDS

PGIM India ELSS Tax Saver Fund

33.6

799

2.2

0.7

26.7

13.2

17.8

–

0.38

EQUITY – LARGE CAP FUNDS

SBI Blue Chip Fund

89.7

53276

1.5

0.8

28.9

13.1

16.8

13.3

0.36

HYBRID – AGGRESSIVE HYBRID FUNDS

SBI Equity Hybrid Fund

275.5

74852

1.4

0.7

24.2

10.5

14.1

12.4

0.36

HYBRID – EQUITY SAVINGS FUNDS

SBI Equity Savings Fund

23.1

5410

1.2

0.7

16.2

10.3

11.3

–

0.37

EQUITY – FOCUSED FUNDS

SBI Focused Equity Fund

331.4

36367

1.6

0.7

27.8

10.3

17.2

14.8

0.37

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

SBI Infrastructure Fund

51.4

5071

1.9

1.0

46.7

27.5

26.5

17.1

0.52

EQUITY – LARGE & MID CAP FUNDS

SBI Large & Midcap Fund

598.0

29234

1.6

0.7

36.2

18.0

21.7

15.8

0.43

EQUITY – MID CAP FUNDS

SBI Magnum Midcap Fund

235.6

22338

1.7

0.8

34.3

20.2

27.4

16.9

0.53

EQUITY – SMALL CAP FUNDS

SBI Small Cap Fund

180.0

34217

1.6

0.7

37.3

20.4

27.5

22.3

0.57

HYBRID – AGGRESSIVE HYBRID FUNDS

Sundaram Aggressive Hybrid Fund

157.6

5506

1.8

0.7

28.2

11.7

15.7

12.5

0.41

HYBRID – BALANCED ADVANTAGE FUNDS

Sundaram Balanced Advantage Fund

34.3

1591

2.0

0.6

22.1

10.9

10.7

7.9

0.44

EQUITY – FOCUSED FUNDS

Sundaram Focused Fund

160.8

1173

2.2

1.2

33.2

13.2

19.1

13.6

0.43

EQUITY – SECTOR – BANKING FUNDS

Tata Banking and Financial Services Fund

39.5

2406

1.9

0.4

24.8

13.4

14.3

–

0.27

EQUITY – VALUE FUNDS

Tata Equity P/E Fund

357.4

9173

1.8

0.8

46.0

21.2

21.1

16.1

0.44

HYBRID – EQUITY SAVINGS FUNDS

Tata Equity Savings Fund

52.6

204

1.1

0.5

16.4

8.5

9.3

7.6

0.38

EQUITY – THEMATIC – CONSUMPTION FUNDS

Tata India Consumer Fund

44.8

2522

2.0

0.7

39.8

19.3

19.7

–

0.48

EQUITY – LARGE & MID CAP FUNDS

Tata Large & Mid Cap Fund

530.9

8677

1.8

0.7

34.4

17.5

19.9

14.7

0.42

EQUITY – LARGE CAP FUNDS

Tata Large Cap Fund

492.1

2531

2.0

1.0

34.0

13.4

16.5

12.4

0.35

EQUITY – MID CAP FUNDS

Tata Mid Cap Growth Fund

430.6

4637

1.9

0.7

41.7

20.8

25.0

17.5

0.51

EQUITY – MID CAP FUNDS

Taurus Mid Cap Fund

121.4

140

2.6

2.2

27.9

17.4

23.0

16.2

0.49

EQUITY – VALUE FUNDS

Templeton India Value Fund

720.6

2305

2.0

0.8

38.1

21.2

24.4

14.8

0.47

EQUITY – TAX SAVING (ELSS) FUNDS

Union ELSS Tax Saver Fund

63.7

987

2.2

1.3

31.8

14.6

20.1

12.6

0.43

EQUITY – SMALL CAP FUNDS

Union Small Cap Fund

50.3

1663

2.1

0.9

30.8

21.6

29.5

16.2

0.55

HYBRID – AGGRESSIVE HYBRID FUNDS

UTI Aggressive Hybrid Fund

395.3

6330

1.9

1.2

33.4

16.1

19.2

12.5

0.46

HYBRID – CONSERVATIVE HYBRID FUNDS

UTI Conservative Hybrid Fund

66.4

1665

1.8

1.2

16.6

8.6

10.1

8.6

0.50

EQUITY – TAX SAVING (ELSS) FUNDS

UTI ELSS Tax Saver Fund

204.2

4183

1.9

0.9

31.5

11.5

18.2

12.7

0.39

EQUITY – LARGE & MID CAP FUNDS

UTI Large & Mid Cap Fund

176.8

4086

2.0

1.1

47.0

20.6

24.1

14.5

0.47

EQUITY – LARGE CAP FUNDS

UTI Large Cap Fund

264.6

13987

1.7

0.9

26.8

10.0

16.0

12.1

0.35

EQUITY – MID CAP FUNDS

UTI Mid Cap Fund

302.5

12708

1.7

0.9

36.9

17.4

25.0

15.6

0.51

EQUITY – VALUE FUNDS

UTI Value Fund

166.4

10757

1.8

1.1

45.0

18.0

21.8

13.4

0.45

HYBRID – AGGRESSIVE HYBRID FUNDS

Aditya Birla Sun Life Equity Hybrid ’95 Fund

1474.7

8099

1.8

1.1

28.2

10.8

14.2

11.1

0.33

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Aditya Birla Sun Life Infrastructure Fund

96.5

1277

2.2

1.3

45.1

25.0

26.5

14.7

0.47

EQUITY – LARGE CAP FUNDS

Axis Bluechip Fund

58.2

36109

1.6

0.7

27.7

7.2

13.0

12.1

0.30

EQUITY – FLEXI CAP FUNDS

Bandhan Flexi Cap Fund

200.7

7918

1.9

1.1

33.2

13.5

16.0

12.3

0.33

HYBRID – AGGRESSIVE HYBRID FUNDS

Bandhan Hybrid Equity Fund

24.5

818

2.3

1.0

30.4

12.3

15.9

–

0.38

HYBRID – BALANCED ADVANTAGE FUNDS

Bank of India Balanced Advantage Fund

24.5

137

2.3

1.2

22.8

14.0

11.5

7.8

0.40

EQUITY – LARGE & MID CAP FUNDS

BOI Large & Mid Cap Equity Fund

87.5

378

2.3

1.2

38.6

15.9

19.9

12.4

0.42

EQUITY – SECTOR – BANKING FUNDS

Baroda BNP Paribas Bank&Fin Serv

44.1

187

2.4

1.0

32.3

12.6

11.4

0.23

HYBRID – EQUITY SAVINGS FUNDS

DSP Equity Savings Fund

21.0

1937

1.4

0.5

18.0

9.3

10.0

–

0.31

EQUITY – FOCUSED FUNDS

DSP Focus Fund

53.3

2704

2.0

1.0

40.9

15.7

16.4

12.9

0.34

EQUITY – MID CAP FUNDS

DSP Midcap Fund

144.4

20237

1.7

0.7

41.2

15.9

20.8

16.3

0.45

HYBRID – CONSERVATIVE HYBRID FUNDS

DSP Regular Savings Fund

55.8

181

1.1

0.5

15.3

8.6

8.7

7.3

0.40

EQUITY – TAX SAVING (ELSS) FUNDS

Edelweiss Long Term Equity

109.1

413

2.3

0.7

38.5

15.4

17.9

13.1

0.37

EQUITY – LARGE CAP FUNDS

Franklin India Bluechip Fund

986.7

8375

1.8

1.1

31.9

10.8

16.5

11.5

0.35

HYBRID – CONSERVATIVE HYBRID FUNDS

Franklin India Debt Hybrid Fund

86.3

217

1.4

0.7

14.9

8.2

8.3

7.9

0.34

EQUITY – MID CAP FUNDS

Franklin India Prima Fund

2708.9

12943

1.8

1.0

50.7

20.5

23.1

16.8

0.46

EQUITY – SMALL CAP FUNDS

Franklin India Smaller Companies Fund

179.3

14460

1.7

0.9

42.9

26.0

29.2

18.2

0.52

EQUITY – VALUE FUNDS

HDFC Capital Builder Value Fund

724.9

7883

1.8

1.0

43.6

18.1

20.9

14.4

0.40

EQUITY – SMALL CAP FUNDS

HDFC Small Cap Fund

139.7

33963

1.6

0.7

36.0

24.0

28.7

19.2

0.51

HYBRID – AGGRESSIVE HYBRID FUNDS

HSBC Aggressive Hybrid Fund

54.2

5849

1.9

0.8

32.4

13.2

15.0

12.1

0.36

EQUITY – TAX SAVING (ELSS) FUNDS

HSBC ELSS Tax saver Fund

132.1

4485

1.9

1.1

48.1

18.7

19.3

14.2

0.38

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

HSBC Infrastructure Fund

49.1

2790

2.0

1.0

52.7

26.9

25.7

17.4

0.46

EQUITY – MID CAP FUNDS

HSBC Midcap Fund

387.3

12280

1.7

0.7

53.5

22.8

24.0

17.7

0.49

HYBRID – EQUITY SAVINGS FUNDS

ICICI Prudential Equity Savings Fund

21.4

12168

1.0

0.5

10.7

8.5

8.2

–

0.24

EQUITY – THEMATIC – CONSUMPTION FUNDS

ICICI Prudential FMCG Fund

500.9

1885

2.1

1.3

14.3

15.5

14.1

13.3

0.37

EQUITY – SECTOR – BANKING FUNDS

LIC MF Banking & Financial Services Fund

19.5

291

2.4

1.1

14.4

10.4

11.2

–

0.20

EQUITY – TAX SAVING (ELSS) FUNDS

LIC MF ELSS Tax Saver

150.7

1209

2.1

1.0

35.2

14.2

16.2

12.8

0.34

EQUITY – FLEXI CAP FUNDS

LIC MF Flexi Cap Fund

100.8

1135

2.3

1.4

33.6

14.3

15.2

9.9

0.34

EQUITY – LARGE CAP FUNDS

LIC MF Large Cap Fund

54.7

1588

2.1

1.0

30.9

9.4

14.0

11.1

0.31

HYBRID – BALANCED ADVANTAGE FUNDS

Motilal Oswal Balanced Advantage Fund

21.6

1316

2.2

0.9

17.3

11.4

10.5

–

0.32

EQUITY – FOCUSED FUNDS

Motilal Oswal Focused Fund

46.7

2130

2.0

0.9

29.7

11.2

14.4

12.5

0.33

EQUITY – LARGE & MID CAP FUNDS

Navi Large & Midcap Fund

35.3

333

2.3

0.3

29.0

13.0

17.9

–

0.34

EQUITY – LARGE & MID CAP FUNDS

Nippon India Vision Fund

1402.4

5619

2.0

1.5

44.8

19.1

21.3

12.8

0.43

EQUITY – TAX SAVING (ELSS) FUNDS

Quantum ELSS Tax Saver Fund

123.4

218

2.0

0.9

40.4

17.1

18.6

12.4

0.40

EQUITY – VALUE FUNDS

Quantum Long Term Equity Value Fund

124.4

1230

2.0

1.1

40.9

17.1

18.6

12.5

0.39

EQUITY – FLEXI CAP FUNDS

SBI Flexicap Fund

107.4

23489

1.7

0.8

28.7

11.7

16.2

14.1

0.34

EQUITY – SECTOR – IT FUNDS

SBI Technology Opportunities Fund

208.9

4435

1.9

0.8

36.1

11.4

26.1

16.7

0.57

EQUITY – TAX SAVING (ELSS) FUNDS

Sundaram ELSS Tax Saver Fund

491.7

1434

2.2

1.6

30.9

14.0

19.2

13.8

0.41

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Sundaram Infrastructure Advantage Fund

94.7

1067

2.3

1.7

49.0

22.5

24.2

15.1

0.44

EQUITY – LARGE & MID CAP FUNDS

Sundaram Large and Mid Cap Fund

84.5

7258

1.8

0.7

38.6

15.1

18.0

15.1

0.36

EQUITY – MID CAP FUNDS

Sundaram Mid Cap Fund

1354.5

13129

1.7

0.9

52.0

24.1

24.3

16.7

0.45

EQUITY – TAX SAVING (ELSS) FUNDS

Tata ELSS Tax Saver Fund

44.4

4926

1.8

0.7

37.1

16.2

18.6

15.6

0.39

HYBRID – AGGRESSIVE HYBRID FUNDS

Tata Hybrid Equity Fund

433.3

4312

1.9

1.0

27.5

12.3

14.8

11.2

0.38

EQUITY – LARGE CAP FUNDS

Union Largecap Fund

23.1

435

2.5

1.6

27.9

10.5

15.6

–

0.34

EQUITY – DIVIDEND YIELD FUNDS

UTI Dividend Yield Fund

177.6

4485

2.0

1.4

48.9

18.2

21.5

14.1

0.49

EQUITY – FLEXI CAP FUNDS

UTI Flexi Cap Fund

314.8

27706

1.6

1.0

26.6

5.8

16.3

12.5

0.35

EQUITY – THEMATIC – CONSUMPTION FUNDS

UTI India Consumer Fund

58.0

777

2.4

1.6

35.7

13.8

16.1

11.6

0.40

EQUITY – TAX SAVING (ELSS) FUNDS

Aditya Birla Sun Life ELSS Tax Saver Fund

58.4

17102

1.7

0.9

34.3

11.3

12.7

12.2

0.30

EQUITY – LARGE & MID CAP FUNDS

Aditya Birla Sun Life Equity Advantage Fund

884.9

6380

1.9

1.0

32.2

8.8

16.3

13.1

0.31

HYBRID – EQUITY SAVINGS FUNDS

Aditya Birla Sun Life Equity Savings Fund

20.8

640

1.1

0.6

10.7

5.8

8.3

–

0.25

EQUITY – MID CAP FUNDS

Aditya Birla Sun Life Midcap Fund

787.7

6440

1.9

1.0

44.0

18.9

23.7

15.6

0.46

EQUITY – VALUE FUNDS

Aditya Birla Sun Life Pure Value Fund

128.8

6779

1.9

1.0

40.4

20.4

22.2

13.8

0.43

EQUITY – SMALL CAP FUNDS

Aditya Birla Sun Life Small Cap Fund

89.4

5430

1.9

0.9

37.7

17.4

23.8

15.5

0.42

EQUITY – TAX SAVING (ELSS) FUNDS

Axis ELSS Tax Saver Fund

93.7

39253

1.5

0.8

32.5

7.5

13.7

13.2

0.29

EQUITY – FOCUSED FUNDS

Axis Focused Fund

53.4

14470

1.7

0.8

30.0

4.1

11.9

12.8

0.25

HYBRID – CONSERVATIVE HYBRID FUNDS

Bandhan Conservative Hybrid Fund

30.7

117

2.0

1.0

12.3

5.6

6.4

7.0

0.27

EQUITY – FOCUSED FUNDS

Bandhan Focused Equity Fund

86.0

1794

2.1

0.8

46.8

16.3

18.1

12.3

0.38

EQUITY – LARGE CAP FUNDS

DSP Top 100 Equity Fund

458.4

4613

1.9

1.1

39.4

15.7

11.6

0.31

EQUITY – LARGE & MID CAP FUNDS

Franklin India Equity Advantage Fund

182.4

3798

2.0

1.3

35.6

13.1

18.2

12.4

0.35

EQUITY – SECTOR – IT FUNDS

Franklin India Technology Fund

517.5

1904

2.1

1.1

44.3

14.6

26.9

16.7

0.57

EQUITY – LARGE CAP FUNDS

Groww Largecap Fund

42.1

133

2.4

1.0

33.0

12.3

13.7

11.7

0.29

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

HDFC Infrastructure Fund

47.9

2607

2.0

1.1

50.3

32.8

25.1

11.7

0.43

HYBRID – AGGRESSIVE HYBRID FUNDS

LIC MF Aggressive Hybrid Fund

191.9

560

2.5

1.4

29.9

11.3

12.2

8.9

0.30

EQUITY – MID CAP FUNDS

LIC MF Midcap Fund

29.1

334

2.5

1.6

47.2

17.9

22.7

–

0.44

EQUITY – FLEXI CAP FUNDS

Motilal Oswal Flexi Cap Fund

59.5

12564

1.7

0.9

52.9

19.3

16.9

15.6

0.36

EQUITY – TAX SAVING (ELSS) FUNDS

Nippon India ELSS Tax Saver Fund

126.2

16711

1.7

1.0

39.3

17.5

18.3

11.0

0.37

HYBRID – AGGRESSIVE HYBRID FUNDS

Nippon India Equity Hybrid Fund

101.7

3976

2.0

1.1

29.5

15.5

13.5

10.4

0.25

HYBRID – EQUITY SAVINGS FUNDS

Nippon India Equity Savings Fund

15.5

658

1.7

0.7

12.4

7.6

5.6

–

0.09

HYBRID – CONSERVATIVE HYBRID FUNDS

Nippon India Hybrid Bond Fund

54.5

831

1.9

1.1

9.9

7.7

4.6

5.7

0.07

EQUITY – LARGE CAP FUNDS

PGIM India Large Cap Fund

326.1

633

2.4

0.9

23.4

9.4

13.1

10.6

0.29

EQUITY – THEMATIC – CONSUMPTION FUNDS

Sundaram Consumption Fund

96.3

1724

2.1

1.3

30.6

17.8

17.7

15.1

0.38

EQUITY – DIVIDEND YIELD FUNDS

Sundaram Dividend Yield Fund

137.6

989

2.2

0.9

38.2

17.3

20.5

14.5

0.48

EQUITY – SMALL CAP FUNDS

Sundaram Small Cap Fund

262.5

3581

1.9

0.8

38.3

21.3

27.9

15.8

0.48

EQUITY – FLEXI CAP FUNDS

Taurus Flexi Cap Fund

227.7

393

2.7

2.6

34.5

14.8

15.4

10.1

0.32

EQUITY – SECTOR – BANKING FUNDS

UTI Banking and Financial Services Fund

175.4

1192

2.2

1.2

29.7

12.6

12.7

10.9

0.23

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

UTI Infrastructure Fund

142.1

2472

2.2

1.8

45.0

22.1

21.8

13.3

0.41

HYBRID – BALANCED ADVANTAGE FUNDS

UTI-Unit Linked Insurance Plan

39.9

5616

1.6

0.9

16.5

6.5

9.9

8.3

0.32

EQUITY – THEMATIC – MNC FUNDS

Aditya Birla Sun Life MNC Fund

–

1393.7

4180

2.0

1.3

33.8

13.0

11.7

12.5

0.31

HYBRID – AGGRESSIVE HYBRID FUNDS

Axis Aggressive Hybrid Fund

–

20.0

1702

2.1

1.1

27.7

8.1

12.4

–

0.30

HYBRID – BALANCED ADVANTAGE FUNDS

Axis Balanced Advantage Fund

–

20.2

2577

2.0

0.8

29.3

12.0

12.3

–

0.45

EQUITY – FLEXI CAP FUNDS

Axis Flexi Cap Fund

–

25.8

13464

1.7

0.7

36.2

9.7

15.4

–

0.36

EQUITY – LARGE & MID CAP FUNDS

Axis Growth Opportunities Fund

–

31.7

14526

1.7

0.6

39.0

14.7

21.8

–

0.48

HYBRID – EQUITY SAVINGS FUNDS

Bandhan Equity Savings Fund

–

29.9

162

1.1

0.2

10.4

6.7

8.0

6.7

0.26

HYBRID – CONSERVATIVE HYBRID FUNDS

Bank of India Conservative Hybrid Fund

–

33.2

2.1

1.1

12.1

13.1

12.0

7.9

0.81

EQUITY – SMALL CAP FUNDS

Bank of India Small Cap Fund

–

49.3

1517

2.0

0.5

44.5

25.0

36.5

–

0.71

HYBRID – BALANCED ADVANTAGE FUNDS

Baroda BNP Paribas Balanced Advantage Fund

–

23.2

4187

1.9

0.7

26.5

12.5

16.0

–

0.53

EQUITY – FOCUSED FUNDS

Baroda BNP Paribas Focused Fund

–

21.8

726

2.3

0.4

33.8

13.8

16.7

–

0.37

EQUITY – THEMATIC – CONSUMPTION FUNDS

Baroda BNP Paribas India Consumption Fund

–

31.6

1575

2.1

0.6

36.2

16.8

20.2

–

0.48

EQUITY – MULTI CAP FUNDS

Baroda BNP Paribas Multi Cap Fund

–

289.2

2811

2.0

0.9

48.8

18.3

23.7

14.7

0.49

EQUITY – SMALL CAP FUNDS

Canara Robeco Small Cap Fund

–

40.6

12591

1.7

0.4

39.7

22.3

33.7

–

0.63

EQUITY – SECTOR – PHARMA FUNDS

DSP Healthcare Fund

–

40.7

3094

1.9

0.6

58.1

21.8

31.0

–

0.88

HYBRID – AGGRESSIVE HYBRID FUNDS

Edelweiss Aggressive Hybrid Fund

–

60.8

2198

2.0

0.4

32.6

17.2

18.2

12.7

0.46

EQUITY – SMALL CAP FUNDS

Edelweiss Small Cap Fund

–

44.9

4293

1.8

0.4

43.2

24.1

32.5

–

0.60

HYBRID – EQUITY SAVINGS FUNDS

Franklin India Equity Savings Fund

–

15.7

702

1.1

0.3

11.6

7.0

8.7

–

0.28

HYBRID – AGGRESSIVE HYBRID FUNDS

Groww Aggressive Hybrid Fund

–

20.6

2.3

0.9

28.6

11.1

13.3

–

0.33

EQUITY – TAX SAVING (ELSS) FUNDS

Groww ELSS Tax Saver Fund

–

20.2

2.3

0.6

37.9

14.1

15.2

–

0.33

EQUITY – VALUE FUNDS

Groww Value Fund

–

26.1

2.3

0.9

34.7

14.5

17.6

–

0.37

HYBRID – BALANCED ADVANTAGE FUNDS

HDFC Balanced Advantage Fund

–

502.3

96536

1.4

0.7

32.7

21.4

20.2

14.4

0.47

EQUITY – LARGE & MID CAP FUNDS

HSBC Large & Mid Cap Fund

–

26.7

3718

1.9

0.9

46.4

18.4

21.2

–

0.43

EQUITY – TAX SAVING (ELSS) FUNDS

HSBC Tax Saver Equity Fund

–

93.1

261

2.5

1.6

48.2

17.6

20.2

13.7

0.39

EQUITY – MULTI CAP FUNDS

ICICI Prudential Multicap Fund

–

786.9

14691

1.7

0.9

44.1

20.2

21.7

15.4

0.43

EQUITY – SECTOR – PHARMA FUNDS

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

–

38.6

4987

1.9

1.1

64.2

23.8

31.0

–

0.93

EQUITY – SMALL CAP FUNDS

ICICI Prudential Smallcap Fund

–

88.7

8825

1.8

0.7

34.5

20.4

28.6

16.9

0.51

HYBRID – AGGRESSIVE HYBRID FUNDS

Invesco India Aggressive Hybrid Fund

–

22.2

545

2.4

0.8

39.5

15.0

14.9

–

0.37

EQUITY – CONTRA FUNDS

Invesco India Contra Fund

–

133.6

18470

1.6

0.5

50.5

19.7

22.6

16.9

0.47

HYBRID – EQUITY SAVINGS FUNDS

Invesco India Equity Savings Fund

–

16.5

313

2.3

0.7

21.7

9.3

9.4

–

0.38

EQUITY – MULTI CAP FUNDS

Invesco India Multicap Fund

–

131.8

3962

1.9

0.7

44.1

17.7

22.5

15.6

0.45

EQUITY – SMALL CAP FUNDS

Invesco India Smallcap Fund

–

41.2

5376

1.8

0.4

51.4

24.8

31.2

–

0.58

HYBRID – BALANCED ADVANTAGE FUNDS

Kotak Balanced Advantage Fund

–

19.7

17206

1.7

0.5

21.5

10.9

12.2

–

0.34

EQUITY – CONTRA FUNDS

Kotak India EQ Contra Fund

–

148.2

4047

1.9

0.6

47.0

20.8

22.2

15.8

0.45

HYBRID – CONSERVATIVE HYBRID FUNDS

LIC MF Conservative Hybrid Fund

–

78.9

2.3

1.2

11.2

5.3

6.7

6.4

0.36

EQUITY – DIVIDEND YIELD FUNDS

LIC MF Dividend Yield Fund

–

30.6

436

2.5

1.5

56.1

21.3

23.0

–

0.52

HYBRID – EQUITY SAVINGS FUNDS

LIC MF Equity Savings Fund

–

26.1

2.0

1.0

14.6

7.5

8.8

6.9

0.27

EQUITY – FOCUSED FUNDS

LIC MF Focused Fund

–

21.2

154

2.5

1.6

27.7

10.7

15.8

–

0.35

EQUITY – SECTOR – PHARMA FUNDS

LIC MF Healthcare Fund

–

30.2

2.4

1.2

62.2

17.0

23.8

–

0.71

EQUITY – VALUE FUNDS

LIC MF Value Fund

–

25.3

132

2.5

1.6

41.6

16.3

19.5

–

0.40

EQUITY – THEMATIC – CONSUMPTION FUNDS

Mahindra Manulife Consumption Fund

–

23.0

376

2.4

0.7

36.9

18.3

17.2

–

0.39

EQUITY – LARGE CAP FUNDS

Mahindra Manulife Large Cap Fund

–

22.3

596

2.3

0.7

31.2

11.7

15.6

–

0.34

EQUITY – MID CAP FUNDS

Mahindra Manulife Mid Cap Fund

–

33.2

3442

1.9

0.4

49.5

23.7

27.6

–

0.58

EQUITY – MULTI CAP FUNDS

Mahindra Manulife Multi Cap Fund

–

34.6

4869

1.8

0.4

40.2

18.2

24.6

–

0.51

HYBRID – EQUITY SAVINGS FUNDS

Mirae Asset Equity Savings Fund

–

19.2

1325

1.3

0.3

17.6

9.5

12.0

–

0.43

EQUITY – SECTOR – PHARMA FUNDS

Mirae Asset Healthcare Fund

–

38.6

2794

1.9

0.5

54.8

19.3

29.4

–

0.88

HYBRID – AGGRESSIVE HYBRID FUNDS

Navi Aggressive Hybrid Fund

–

20.2

113

2.3

0.4

26.0

12.0

13.3

–

0.30

HYBRID – CONSERVATIVE HYBRID FUNDS

Navi Conservative Hybrid Fund

–

26.2

2.0

0.3

10.2

5.6

5.9

6.3

0.24

EQUITY – TAX SAVING (ELSS) FUNDS

Navi ELSS Tax Saver Fund

–

28.9

2.3

0.3

26.8

11.3

14.6

–

0.29

EQUITY – FLEXI CAP FUNDS

Navi Flexi Cap Fund

–

23.1

281

2.3

0.4

27.2

12.4

16.2

–

0.32

HYBRID – BALANCED ADVANTAGE FUNDS

Nippon India Balanced Advantage Fund

–

169.4

8950

1.7

0.6

23.4

11.6

12.9

10.4

0.38

EQUITY – THEMATIC – CONSUMPTION FUNDS

Nippon India Consumption Fund

–

196.8

2023

2.0

0.7

35.0

19.8

23.1

14.7

0.54

EQUITY – MULTI CAP FUNDS

Nippon India Multi Cap Fund

–

292.1

39622

1.6

0.7

42.6

26.2

24.8

15.5

0.45

EQUITY – SECTOR – PHARMA FUNDS

Nippon India Pharma Fund

–

514.7

8769

1.8

0.9

50.9

19.8

28.2

15.5

0.83

HYBRID – EQUITY SAVINGS FUNDS

PGIM India Equity Savings Fund

–

47.1

1.3

0.5

9.6

6.0

7.3

7.9

0.23

HYBRID – AGGRESSIVE HYBRID FUNDS

PGIM India Hybrid Equity Fund

–

122.7

219

2.3

0.8

22.9

7.6

11.7

8.6

0.27

EQUITY – MULTI CAP FUNDS

Quant Active Fund

–

664.0

11229

1.7

0.6

35.2

17.8

27.8

19.3

0.55

EQUITY – FLEXI CAP FUNDS

Quant Flexi Cap Fund

–

101.8

7912

1.8

0.6

46.1

21.1

31.9

19.9

0.66

EQUITY – CONTRA FUNDS

SBI Contra Fund

–

379.9

41327

1.5

0.6

39.7

24.3

29.8

16.7

0.63

EQUITY – SECTOR – PHARMA FUNDS

SBI Healthcare Opportunities Fund

–

423.8

3346

2.0

0.9

57.3

24.0

29.5

14.3

0.83

EQUITY – THEMATIC – MNC FUNDS

SBI Magnum Global Fund

–

367.2

6879

1.9

1.2

13.6

9.0

15.1

12.3

0.39

HYBRID – AGGRESSIVE HYBRID FUNDS

Shriram Aggressive Hybrid Fund

–

31.5

2.3

0.8

25.5

10.8

12.3

9.6

0.35

EQUITY – TAX SAVING (ELSS) FUNDS

Shriram ELSS Tax Saver Fund

–

22.5

2.3

0.7

33.8

12.4

15.1

–

0.38

EQUITY – FLEXI CAP FUNDS

Shriram Flexi Cap Fund

–

21.7

138

2.3

0.7

34.0

13.2

14.7

–

0.35

HYBRID – CONSERVATIVE HYBRID FUNDS

Sundaram Conservative Hybrid Fund

–

28.7

2.2

1.1

12.5

6.5

8.5

7.6

0.42

EQUITY – TAX SAVING (ELSS) FUNDS

Sundaram Diversified Equity

–

212.6

1681

2.2

1.6

26.4

12.8

15.8

12.1

0.32

EQUITY – MULTI CAP FUNDS

Sundaram Multi Cap Fund

–

372.9

2915

2.0

0.9

38.1

16.6

21.6

15.0

0.44

HYBRID – BALANCED ADVANTAGE FUNDS

Tata Balanced Advantage Fund

–

20.0

10453

1.7

0.3

20.4

11.2

13.3

–

0.47

EQUITY – FLEXI CAP FUNDS

Tata Flexi Cap Fund

–

23.5

3140

1.9

0.7

32.0

13.1

15.9

–

0.35

EQUITY – SECTOR – PHARMA FUNDS

Tata India Pharma & Healthcare Fund

–

30.7

1208

2.1

0.7

56.9

21.5

27.5

–

0.85

EQUITY – SMALL CAP FUNDS

Tata Small Cap Fund

–

43.4

9319

1.7

0.3

50.8

27.0

33.2

–

0.64

EQUITY – SECTOR – BANKING FUNDS

Taurus Banking & Financial Services Fund

–

50.5

2.5

1.8

24.2

11.3

12.9

11.5

0.24

EQUITY – TAX SAVING (ELSS) FUNDS

Taurus ELSS Tax Saver Fund

–

181.7

2.5

2.0

36.4

16.8

17.8

13.5

0.39

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Taurus Infrastructure Fund

–

69.4

2.5

2.2

41.0

22.1

23.0

15.1

0.48

EQUITY – LARGE CAP FUNDS

Taurus Large Cap Fund

–

154.6

2.6

2.5

37.2

14.2

15.2

10.3

0.32

HYBRID – BALANCED ADVANTAGE FUNDS

Union Balanced Advantage Fund

–

19.5

1527

2.1

1.0

19.1

9.0

11.8

–

0.37

HYBRID – EQUITY SAVINGS FUNDS

Union Equity Savings Fund

–

16.3

127

2.0

1.4

13.4

6.9

8.3

–

0.32

EQUITY – VALUE FUNDS

Union Value Fund

–

27.9

298

2.5

1.3

36.6

18.0

21.3

–

0.45

HYBRID – EQUITY SAVINGS FUNDS

UTI Equity Savings Fund

–

17.5

594

1.6

0.8

15.3

10.1

11.1

–

0.48

EQUITY – SECTOR – PHARMA FUNDS

UTI Healthcare Fund

–

285.1

1201

2.2

1.3

59.1

20.4

28.1

13.2

0.84

EQUITY – THEMATIC – MNC FUNDS

UTI MNC Fund

–

400.3

3249

2.0

1.2

30.1

13.0

14.4

12.5

0.38

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Why Investing in This Large-cap Fund can be Rewarding Amid Choppy Markets

by Hansraj Agrawal | Nov 1, 2024 | Share Market

Over the past several weeks, the bulls in the market have taken a halt and most indices have been on a corrective mode. Thanks to a combination of FIIs pulling out more than ₹1 trillion within a month, subdued corporate showing in the results season and the still-high valuations in many pockets of the market, benchmarks declined significantly.

However, large-caps are still not overheated and, with the recent correction, offer a reasonable entry point for investors with a long-term perspective.

For investors with a medium risk appetite, across market cycles, large-caps must form a critical part of the portfolio holdings.

In this regard, investors can consider the Kotak Bluechip Fund (Kotak 50 earlier) for long-term goals that are 7-10 years away.

The fund has a track record of over 25 years, and has delivered healthy benchmark and category-beating returns over the long term.

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

Steady outperformance

In a market cap segment where outperforming the benchmark has been challenging for many schemes, the fund has managed to consistently beat the Nifty 100 TRI over the years.

Over the past one-year, three-year, five-year and 10-year timeframes, the fund has delivered 35.7 per cent, 14.9 per cent, 19.1 per cent and 14.6 per cent, respectively, on a point-to-point basis. The scheme outperformed its benchmark by 1-1.5 percentage points across time periods.

When five-year rolling returns over the past 10-year period, October 2014 to October 2024, are considered, the fund has delivered mean returns of 13.5 per cent. For comparison, the Nifty 100 TRI delivered average returns of 13 per cent.

Also, in the aforementioned period, on a 5-year rolling basis, the scheme has beaten its benchmark Nifty 100 TRI nearly 64 per cent of the time. It has delivered more than 12 per cent almost 72 per cent of the time during this period and more than 15 per cent over 36 per cent of the time.

The fund’s SIP returns (XIRR) over the past 10 years are healthy, at 16.6 per cent. An SIP in its benchmark Nifty 100 TRI would have returned 15.7 per cent over the same period.

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

Kotak Bluechip Equity fund has an upside capture ratio of 98.3, indicating that its NAV rises almost as much as the benchmark during rallies, though a tad less. But more importantly, it has a downside capture ratio of just 86.4, suggesting that the scheme’s NAV falls much less than the Nifty 100 TRI during corrections. A score of 100 indicates that a fund performs in line with its benchmark. These observations are based on data from October 2021-October 2024.

Stable portfolio

True to its mandate, Kotak Bluechip fund holds 80-85 per cent of its holdings in large-cap stocks. However, the fund takes mid and small-cap exposure to the tune of 15-18 per cent when markets are favourable to derive a kicker to the overall returns.

In recent times, exposure to mid and small-caps have been pared significantly to contain risks.

The exposure in stocks is reserved for the top few companies in any given sector, with very few deviations.

In terms of sector positions, banks, software, petroleum products, automobiles, auto components, FMCG and financial services always figure among the main holdings of the fund. Weightages to segments are tweaked a bit to reflect sector prospects, valuations and the current stage of their cycle.

The fund generally holds around 50-60 stocks in its portfolio. Exposure to individual stocks is less than 5 per cent barring the top few holdings, and is diffused.

In terms of cash and debt calls, the fund usually avoids taking heavy positions. The fund remains invested across most market cycles and cash/debt are restricted to 3-4 per cent of the portfolio.

Overall, it can be said that the fund blends value and GARP (growth at reasonable price) styles in its sector and stock choices.

Kotak Bluechip is well-suited for investors with medium to above-average risk appetite.

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

The scheme can be a part of the core portfolio or a key component as a diversifier in the satellite portion.

Overview

Blends value, GARP styles in sector, stock choices

XIRR over past 10 years healthy at 16.6 per cent

Holds around 50-60 stocks

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Why Not Considering Liquid ETFs Might be an Opportunity Cost

by Hansraj Agrawal | Oct 26, 2024 | Share Market

For investors in search of short-term investment avenues, Liquid ETFs are amongst the best options available. Here is a lowdown on Liquid ETFs and how they can help you make your money work smarter.

Secure short-term investments

In India, Nifty 1D Rate Liquid Index and BSE Liquid Rate Index are the benchmark indices for short-term investments and they largely track TREPS, alongside repo, reverse repo and so on.

Tri-Party Repo (TREPS) is a short-term money market instrument in India, managed by the Clearing Corporation of India Ltd (CCIL) under RBI guidelines. CCIL acts as an intermediary between lenders and borrowers, who are typically mutual funds, banks and other financial institutions, and these parties transact in the overnight market at the tri-party repo rate.

Rated low risk in the Risk-O-Meter, per SEBI regulations, Liquid ETFs, trading on both NSE and BSE, predominantly invest in TREPS, which ensures daily returns, very low volatility, no interest or credit risk.

Most liquid ETFs offer the Income Distribution cum Capital Withdrawal (IDCW) option and distribute dividends daily either in the form of funds or additional ETF units credited to the trading account, while the NAV stays constant. Daily distribution of dividends results in taxation at marginal slab rates.

Few fund houses also offer Growth NAV option in their Liquid ETFs, allowing for potential tax efficiencies, attracting tax only at the time of sale of the ETF. It also helps with better trackability of returns.

Efficient cash management

Investors could consider liquid ETFs for investing their idle funds, as part of cash management techniques, as a temporary parking vehicle, when the funds are earmarked for specific purposes or predicted cash outflows. However, the priority list for investing in liquid ETFs should start with capital protection and low volatility, with little importance for capital appreciation.

Money lying idle in a trading account is periodically transferred to the linked savings account. While the trading and savings accounts offer zero and nominal interest rates in the range of 2-3 per cent respectively, liquid ETFs generate better yields than these traditional avenues, in the range of 5-6 per cent. This is lucrative for investors or traders dealing with huge sums and the opportunity cost of not investing in liquid ETFs could be sizeable.

Also, it is easy to switch between liquid ETFs and other investment opportunities within your trading account, than to transfer funds from your bank accounts, relatively saving on operational tussles. PMS (portfolio management service) providers, high net-worth investors (HNIs), futures and options traders and even mutual funds use liquid ETFs regularly. These liquid ETFs may be useful for retail investors as well.

As all ETFs boast of, Liquid ETFs too have lower expense ratios around 0.2-0.3 per cent. Liquid ETFs are also free of Securities Transaction Tax and depository charges on sale or purchase of units, thus making them cost-efficient.

Added perquisite include using investments in liquid ETFs as collateral for margin trading facilities, and since these ETFs are considered as cash equivalents, the haircut when collateralized is also amongst the least.

Hassle-free

It is easy to switch between liquid ETFs and other investment opportunities within your trading account

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Mutual Funds returns

by Hansraj Agrawal | Oct 26, 2024 | Share Market

EQUITY – FOCUSED FUNDS

360 ONE Focused Equity Fund

46.5

8177

1.8

0.9

34.0

14.7

22.1

–

0.45

EQUITY – TAX SAVING (ELSS) FUNDS

Bank of India ELSS Tax Saver

162.9

1486

2.0

0.8

43.3

17.4

25.0

17.0

0.55

HYBRID – AGGRESSIVE HYBRID FUNDS

BOI AXA Mid & Small Cap Eq&Debt

36.9

1000

2.1

1.0

36.4

18.1

25.7

–

0.59

EQUITY – LARGE CAP FUNDS

Canara Robeco Bluechip Equity Fund

60.6

15312

1.7

0.5

33.6

12.2

18.3

14.0

0.42

EQUITY – THEMATIC – CONSUMPTION FUNDS

Canara Robeco Consumer Trends Fund

109.1

1849

2.1

0.8

38.1

17.5

20.8

17.3

0.47

HYBRID – BALANCED ADVANTAGE FUNDS

Edelweiss Balanced Advantage Fund

49.5

12690

1.6

0.5

24.7

10.9

15.4

11.4

0.61

HYBRID – EQUITY SAVINGS FUNDS

Edelweiss Equity Savings Fund

23.7

509

1.6

0.6

16.4

8.9

10.7

9.0

0.63

EQUITY – LARGE & MID CAP FUNDS

HDFC Large and Mid Cap Fund

327.6

24508

1.7

0.8

39.1

19.9

24.3

14.4

0.48

HYBRID – BALANCED ADVANTAGE FUNDS

ICICI Prudential Balanced Advantage Fund

69.5

62051

1.5

0.8

21.1

12.1

13.5

11.4

0.36

EQUITY – LARGE CAP FUNDS

ICICI Prudential Bluechip Fund

106.0

66207

1.4

0.9

37.0

16.3

20.0

14.5

0.42

EQUITY – FOCUSED FUNDS

ICICI Prudential Focused Equity Fund

86.3

10201

1.7

0.6

46.8

19.3

25.0

14.5

0.59

EQUITY – SECTOR – IT FUNDS

ICICI Prudential Technology Fund

208.9

14173

1.7

0.9

40.2

9.2

30.8

18.7

0.57

EQUITY – VALUE FUNDS

ICICI Prudential Value Discovery Fund

452.9

51198

1.5

1.0

40.1

21.8

27.0

16.3

0.60

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Invesco India Infrastructure Fund

62.7

1666

2.1

0.7

57.0

26.8

29.9

17.8

0.60

EQUITY – FLEXI CAP FUNDS

JM Flexicap Fund

101.9

4531

1.8

0.4

52.0

25.3

24.3

17.9

0.53

EQUITY – LARGE CAP FUNDS

JM Large Cap Fund

156.8

429

2.4

0.7

37.5

16.0

18.6

12.0

0.63

EQUITY – VALUE FUNDS

JM Value Fund

100.6

1085

2.2

0.8

46.4

24.5

24.9

18.2

0.50

HYBRID – CONSERVATIVE HYBRID FUNDS

Kotak Debt Hybrid Fund

56.3

2886

1.7

0.5

17.8

9.4

11.6

9.9

0.63

EQUITY – MID CAP FUNDS

Motilal Oswal Midcap Fund

104.0

18604

1.6

0.6

69.7

34.8

32.1

21.0

0.58

EQUITY – SMALL CAP FUNDS

Nippon India Small Cap Fund

170.5

62260

1.4

0.7

43.4

28.8

35.4

22.6

0.62

EQUITY – FLEXI CAP FUNDS

Parag Parikh Flexi Cap Fund

79.4

82441

1.3

0.6

37.3

16.4

25.0

18.5

0.57

EQUITY – MID CAP FUNDS

PGIM India Midcap Opportunities Fund

62.1

11700

1.7

0.5

32.0

13.5

29.1

16.6

0.59

HYBRID – AGGRESSIVE HYBRID FUNDS

Quant Absolute Fund

413.8

2352

2.0

0.7

32.2

15.0

24.1

15.9

0.60

EQUITY – TAX SAVING (ELSS) FUNDS

Quant ELSS Tax Saver Fund

377.3

11561

1.7

0.7

42.4

20.0

31.9

22.4

0.62

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Quant Infrastructure Fund

38.9

3937

1.9

0.7

55.7

24.3

34.3

19.3

0.59

EQUITY – LARGE & MID CAP FUNDS

Quant Large & Mid Cap Fund

119.5

3828

1.9

0.6

46.9

22.4

26.1

19.7

0.60

EQUITY – MID CAP FUNDS

Quant Mid Cap Fund

224.5

9501

1.7

0.6

41.3

24.7

32.8

18.8

0.69

EQUITY – SMALL CAP FUNDS

Quant Small Cap Fund

259.3

26645

1.6

0.6

48.8

26.0

45.4

20.7

0.77

HYBRID – CONSERVATIVE HYBRID FUNDS

SBI Conservative Hybrid Fund

69.3

10030

1.1

0.6

14.4

9.7

11.1

9.6

0.60

EQUITY – TAX SAVING (ELSS) FUNDS

SBI Long Term Equity Fund

430.2

28733

1.6

0.9

51.2

23.5

25.3

15.6

0.53

HYBRID – EQUITY SAVINGS FUNDS

Sundaram Equity Savings Fund

67.2

995

2.1

0.5

18.7

10.1

13.0

9.6

0.57

EQUITY – SECTOR – BANKING FUNDS

Sundaram Financial Services Opportunities Fund

96.3

1498

2.1

0.7

25.8

14.3

16.6

14.2

0.31

EQUITY – DIVIDEND YIELD FUNDS

Templeton India Equity Income Fund

141.2

2554

2.1

1.2

45.4

20.2

25.6

15.8

0.56

HYBRID – BALANCED ADVANTAGE FUNDS

Aditya Birla SL Bal Advantage

100.4

7701

1.8

0.7

22.7

10.6

13.1

11.0

0.38

EQUITY – SMALL CAP FUNDS

AXIS Small Cap Fund

102.2

24766

1.6

0.5

34.7

20.7

26.8

19.6

0.54

EQUITY – LARGE & MID CAP FUNDS

Bandhan Core Equity Fund

127.9

6982

1.8

0.6

48.4

21.7

23.9

16.3

0.47

EQUITY – TAX SAVING (ELSS) FUNDS

Bandhan ELSS Tax Saver Fund

149.1

7354

1.7

0.6

29.1

15.1

23.0

16.2

0.44

EQUITY – VALUE FUNDS

Bandhan Sterling Value Fund

147.2

10601

1.7

0.7

36.6

19.8

26.2

16.6

0.45

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

BOI AXA Manufacturing & Infra

54.6

529

2.3

0.8

47.1

26.2

29.4

17.1

0.63

HYBRID – AGGRESSIVE HYBRID FUNDS

Baroda BNP Paribas Aggressive Hybrid Fund

27.3

1200

2.1

0.5

31.2

13.1

16.7

–

0.45

EQUITY – LARGE CAP FUNDS

Baroda BNP Paribas Large Cap Fund

219.4

2440

2.0

0.8

38.8

14.7

18.2

13.8

0.42

EQUITY – TAX SAVING (ELSS) FUNDS

Canara Robeco ELSS Tax Saver

172.4

9256

1.7

0.5

36.6

13.3

21.0

15.0

0.46

EQUITY – TAX SAVING (ELSS) FUNDS

DSP ELSS Tax Saver Fund

135.6

17771

1.6

0.7

44.9

17.6

22.0

16.8

0.45

EQUITY – LARGE CAP FUNDS

Edelweiss Large Cap Fund

82.1

1123

2.2

0.7

31.7

13.6

17.7

13.6

0.38

EQUITY – MID CAP FUNDS

Edelweiss Mid Cap Fund

96.5

7755

1.7

0.4

57.1

24.1

29.8

20.1

0.57

EQUITY – FLEXI CAP FUNDS

Franklin India Flexi Cap Fund

1599.5

18252

1.7

0.9

39.1

17.2

23.1

15.4

0.46

EQUITY – FLEXI CAP FUNDS

HDFC Flexi Cap Fund

1875.4

66225

1.4

0.8

44.3

22.4

23.8

15.4

0.46

EQUITY – FOCUSED FUNDS

HDFC Focused 30 Fund

216.7

15109

1.7

0.5

43.2

22.4

23.4

14.4

0.45

HYBRID – CONSERVATIVE HYBRID FUNDS

HDFC Hybrid Debt Fund

78.9

3342

1.8

1.2

16.1

9.7

11.1

9.2

0.58

EQUITY – MID CAP FUNDS

HDFC Mid-Cap Opportunities Fund

183.2

77683

1.4

0.7

43.9

26.0

28.9

19.0

0.56

HYBRID – BALANCED ADVANTAGE FUNDS

HSBC Balanced Advantage Fund

41.9

1510

2.1

0.8

22.8

10.2

11.2

8.9

0.40

HYBRID – EQUITY SAVINGS FUNDS

HSBC Equity Savings Fund

32.2

478

1.5

0.6

24.3

12.1

13.0

9.3

0.46

EQUITY – DIVIDEND YIELD FUNDS

ICICI Prudential Dividend Yield Equity Fund

50.6

5066

1.8

0.5

45.8

23.4

26.8

15.5

0.55

HYBRID – AGGRESSIVE HYBRID FUNDS

ICICI Prudential Equity & Debt Fund

370.8

41396

1.6

1.0

33.7

18.6

22.7

15.9

0.55

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

ICICI Prudential Infrastructure Fund

186.2

6424

1.9

1.2

52.8

31.0

17.2

0.56

EQUITY – LARGE & MID CAP FUNDS

ICICI Prudential Large & Mid Cap Fund

942.3

17464

1.7

0.8

41.2

19.7

24.2

15.2

0.49

HYBRID – CONSERVATIVE HYBRID FUNDS

ICICI Prudential Regular Savings Fund

71.4

3303

1.7

0.9

14.7

8.8

10.0

9.8

0.68

EQUITY – SECTOR – BANKING FUNDS

Invesco India Financial Services Fund

125.1

1043

2.2

0.9

35.5

14.0

16.1

15.4

0.30

HYBRID – AGGRESSIVE HYBRID FUNDS

JM Aggressive Hybrid Fund

124.0

643

2.3

0.6

43.7

21.2

25.3

13.2

0.63

EQUITY – TAX SAVING (ELSS) FUNDS

JM ELSS Tax Saver Fund

48.6

187

2.4

1.2

46.9

18.5

21.8

16.5

0.45

EQUITY – LARGE CAP FUNDS

Kotak Bluechip Fund

550.9

9806

1.7

0.6

32.9

12.4

18.1

13.7

0.39

EQUITY – MID CAP FUNDS

Kotak Emerging Equity Fund

129.4

52627

1.4

0.4

44.0

22.4

27.6

19.8

0.53

HYBRID – AGGRESSIVE HYBRID FUNDS

Kotak Equity Hybrid Fund

60.1

6715

1.8

0.5

31.7

14.7

18.7

–

0.43

EQUITY – LARGE & MID CAP FUNDS

Kotak Equity Opportunities Fund

330.9

26175

1.6

0.5

38.9

19.1

22.4

16.4

0.46

HYBRID – EQUITY SAVINGS FUNDS

Kotak Equity Savings Fund

24.9

7644

1.8

0.7

17.6

11.0

11.2

9.5

0.45

EQUITY – SMALL CAP FUNDS

Kotak Small Cap Fund

269.1

18287

1.6

0.5

39.5

18.8

30.8

19.8

0.56

EQUITY – TAX SAVING (ELSS) FUNDS

Mirae Asset ELSS Tax Saver Fund

46.5

26418

1.5

0.6

34.0

13.3

20.9

–

0.44

EQUITY – THEMATIC – CONSUMPTION FUNDS

Mirae Asset Great Consumer Fund

94.1

4496

1.8

0.4

36.4

19.7

20.8

16.9

0.47

EQUITY – LARGE & MID CAP FUNDS

Mirae Asset Large & Midcap Fund

144.3

40670

1.5

0.6

32.4

13.1

21.6

19.2

0.46

EQUITY – TAX SAVING (ELSS) FUNDS

Motilal Oswal ELSS Tax Saver Fund

52.1

4195

1.8

0.6

63.9

24.3

23.3

–

0.46

EQUITY – MID CAP FUNDS

Nippon India Growth Fund

3993.6

35209

1.6

0.8

48.4

24.8

30.0

18.8

0.57

EQUITY – LARGE CAP FUNDS

Nippon India Large Cap Fund

86.3

34432

1.6

0.7

35.3

18.6

20.7

14.8

0.40

EQUITY – VALUE FUNDS

Nippon India Value Fund

220.6

8962

1.8

1.1

48.1

20.8

24.9

16.9

0.49

EQUITY – FLEXI CAP FUNDS

PGIM India Flexi Cap Fund

34.8

6704

1.8

0.4

28.8

9.5

20.9

–

0.44

EQUITY – FOCUSED FUNDS

Quant Focused Fund

87.1

1183

2.1

0.7

39.0

17.1

21.9

17.0

0.48

EQUITY – SECTOR – BANKING FUNDS

SBI Banking & Financial Services Fund

37.7

6407

1.8

0.7

34.1

11.5

15.1

–

0.27

EQUITY – THEMATIC – CONSUMPTION FUNDS

SBI Consumption Opportunities Fund

326.3

3101

2.0

0.9

36.1

23.7

22.5

17.2

0.48

EQUITY – SECTOR – IT FUNDS

Tata Digital India Fund

51.5

12052

1.7

0.4

46.4

11.3

29.2

–

0.57

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Tata Infrastructure Fund

182.0

2606

2.0

1.1

47.6

26.9

27.0

17.2

0.56

EQUITY – FLEXI CAP FUNDS

Union Flexi Cap Fund

49.2

2355

2.0

0.9

29.8

12.8

19.8

12.5

0.43

EQUITY – SECTOR – BANKING FUNDS

Aditya Birla SL Bank & Fin Serv

55.5

3408

2.0

1.0

21.1

10.2

13.7

14.6

0.25

EQUITY – SECTOR – IT FUNDS

Aditya Birla Sun Life Digital India Fund

182.0

5261

1.9

0.8

33.9

10.5

28.5

19.2

0.54

EQUITY – DIVIDEND YIELD FUNDS

Aditya Birla Sun Life Dividend Yield Fund

459.1

1625

2.2

1.4

44.0

21.8

24.1

13.4

0.52

EQUITY – FLEXI CAP FUNDS

Aditya Birla Sun Life Flexi Cap Fund

1728.7

23905

1.7

0.8

37.8

13.5

19.1

14.9

0.38

EQUITY – FOCUSED FUNDS

Aditya Birla Sun Life Focused Fund

138.0

8230

1.8

0.9

37.5

13.2

18.1

13.4

0.39

EQUITY – LARGE CAP FUNDS

Aditya Birla Sun Life Frontline Equity Fund

508.8

31389

1.6

1.0

33.1

12.9

18.0

13.2

0.38

EQUITY – THEMATIC – CONSUMPTION FUNDS

Aditya Birla Sun Life India GenNext Fund

213.6

6304

1.8

0.7

33.3

15.2

19.2

16.8

0.42

HYBRID – CONSERVATIVE HYBRID FUNDS

Aditya Birla Sun Life Regular Savings Fund

63.3

1413

1.9

1.0

13.7

8.2

9.6

9.1

0.41

HYBRID – CONSERVATIVE HYBRID FUNDS

Axis Conservative Hybrid Fund

28.7

305

2.2

0.9

11.2

5.6

8.3

7.1

0.46

HYBRID – EQUITY SAVINGS FUNDS

Axis Equity Savings Fund

21.4

1008

2.3

1.0

17.8

7.8

9.9

–

0.34

EQUITY – MID CAP FUNDS

Axis Midcap Fund

109.0

32016

1.6

0.5

43.2

16.4

23.0

17.3

0.54

HYBRID – BALANCED ADVANTAGE FUNDS

Bandhan Balanced Advantage Fund

23.3

2325

2.0

0.7

19.7

8.6

11.1

8.7

0.29

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Bandhan Infrastructure Fund

50.1

1906

2.1

0.8

59.3

28.1

29.4

16.7

0.52

EQUITY – LARGE CAP FUNDS

Bandhan Large Cap Fund

74.4

1745

2.1

0.9

39.0

13.0

17.7

12.3

0.39

HYBRID – CONSERVATIVE HYBRID FUNDS

Baroda BNP Paribas Conser Hybrid

42.7

756

2.0

0.5

12.9

6.9

7.6

0.44

EQUITY – TAX SAVING (ELSS) FUNDS

Baroda BNP Paribas ELSS Tax Saver Fund

92.4

988

2.2

1.0

42.1

14.2

18.4

13.5

0.41

EQUITY – MID CAP FUNDS

Baroda BNP Paribas Mid Cap Fund

99.2

2247

2.0

0.5

42.0

19.1

25.9

17.0

0.54

HYBRID – CONSERVATIVE HYBRID FUNDS

Canara Robeco Conservative Hybrid Fund

92.7

979

1.8

0.7

13.8

7.2

9.4

8.2

0.54

EQUITY – LARGE & MID CAP FUNDS

Canara Robeco Emerging Equities

246.0

25507

1.6

0.6

39.5

14.3

21.4

17.5

0.46

HYBRID – AGGRESSIVE HYBRID FUNDS

Canara Robeco Equity Hybrid Fund

347.3

11278

1.7

0.6

29.3

11.8

16.3

13.2

0.46

EQUITY – FLEXI CAP FUNDS

Canara Robeco Flexi Cap Fund

326.1

13713

1.7

0.6

34.4

12.1

18.9

14.0

0.43

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Canara Robeco Infrastructure Fund

155.8

883

2.3

1.0

59.6

29.1

28.8

16.9

0.57

HYBRID – BALANCED ADVANTAGE FUNDS

DSP Dynamic Asset Allocation Fund

26.3

3259

1.9

0.7

21.4

9.5

10.5

9.1

0.34

HYBRID – AGGRESSIVE HYBRID FUNDS

DSP Equity & Bond Fund

341.8

10610

1.8

0.7

30.8

12.5

16.3

13.6

0.40

EQUITY – LARGE & MID CAP FUNDS

DSP Equity Opportunities Fund

601.1

14486

1.7

0.7

44.4

17.5

21.5

16.4

0.44

EQUITY – FLEXI CAP FUNDS

DSP Flexi Cap Fund

101.2

12416

1.7

0.7

36.3

13.9

19.3

15.0

0.40

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

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

318.3

5646

1.9

0.8

57.8

31.0

28.5

18.0

0.53

EQUITY – SMALL CAP FUNDS

DSP Small Cap Fund

189.0

16705

1.7

0.8

34.9

21.5

29.9

19.4

0.57

EQUITY – FLEXI CAP FUNDS

Edelweiss Flexi Cap Fund

37.8

2439

2.0

0.5

46.3

17.5

20.8

–

0.43

EQUITY – LARGE & MID CAP FUNDS

Edelweiss Large & Mid Cap Fund

85.0

3781

1.9

0.5

40.7

17.0

21.6

15.6

0.46

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Franklin Build India Fund

137.2

2908

2.0

0.9

51.7

27.5

28.0

18.9

0.51

EQUITY – TAX SAVING (ELSS) FUNDS

Franklin India ELSS Tax Saver Fund

1451.7

7242

1.8

1.0

40.2

17.3

21.1

14.7

0.40

HYBRID – AGGRESSIVE HYBRID FUNDS

Franklin India Equity Hybrid Fund

260.7

2066

2.1

1.0

29.2

12.8

16.7

12.6

0.41

EQUITY – FOCUSED FUNDS

Franklin India Focused Equity Fund

105.3

13050

1.8

0.9

35.0

16.0

21.5

15.5

0.43

EQUITY – TAX SAVING (ELSS) FUNDS

HDFC ELSS Tax saver

1341.9

16761

1.7

1.1

43.7

21.6

21.9

13.6

0.43

HYBRID – EQUITY SAVINGS FUNDS

HDFC Equity Savings Fund

63.5

5302

1.9

0.9

17.5

9.5

11.6

9.5

0.42

HYBRID – AGGRESSIVE HYBRID FUNDS

HDFC Hybrid Equity Fund

112.7

24796

1.7

1.0

21.9

11.6

16.2

10.6

0.39

EQUITY – LARGE CAP FUNDS

HDFC Top 100 Fund

1118.6

38684

1.6

1.0

32.4

16.0

18.4

13.1

0.38

HYBRID – CONSERVATIVE HYBRID FUNDS

HSBC Conservative Hybrid Fund

58.3

134

2.2

1.3

17.5

8.0

9.0

7.9

0.47

EQUITY – FLEXI CAP FUNDS

HSBC Flexi Cap Fund

213.2

5165

1.9

1.2

44.3

16.6

20.6

13.8

0.41

EQUITY – LARGE CAP FUNDS

HSBC Large Cap Fund

472.2

2039

2.1

1.2

35.5

12.8

16.9

12.9

0.37

EQUITY – SMALL CAP FUNDS

HSBC Small Cap Fund

83.8

17306

1.7

0.7

39.3

25.5

30.2

20.8

0.53

EQUITY – VALUE FUNDS

HSBC Value Fund

105.2

14123

1.7

0.8

44.9

21.3

24.9

17.8

0.47

EQUITY – SECTOR – BANKING FUNDS

ICICI Prudential Banking & Financial Services Fund

122.2

8899

1.8

1.0

25.3

10.2

13.8

14.2

0.24

EQUITY – TAX SAVING (ELSS) FUNDS

ICICI Pru Long Term Equity

898.8

15321

1.7

1.1

34.7

13.6

19.4

13.6

0.40

EQUITY – MID CAP FUNDS

ICICI Prudential Midcap Fund

278.9

6778

1.9

1.0

49.2

19.5

25.0

16.5

0.48

HYBRID – BALANCED ADVANTAGE FUNDS

Invesco India Balanced Advantage Fund

52.4

889

2.2

0.9

26.3

11.9

12.0

10.1

0.31

EQUITY – TAX SAVING (ELSS) FUNDS

Invesco India ELSS Tax Saver Fund

124.3

3058

1.9

0.8

39.6

13.4

19.0

14.9

0.40

EQUITY – LARGE & MID CAP FUNDS

Invesco India Large & Mid Cap Fund

91.2

6493

1.8

0.6

52.5

19.5

20.8

16.1

0.44

EQUITY – LARGE CAP FUNDS

Invesco India Largecap Fund

66.9

1290

2.1

0.7

38.3

12.9

18.5

13.6

0.39

EQUITY – MID CAP FUNDS

Invesco India Midcap Fund

159.8

5904

1.8

0.6

52.6

22.2

27.3

18.6

0.57

EQUITY – FOCUSED FUNDS

JM Focused Fund

20.1

177

2.4

0.8

40.1

18.1

16.3

14.0

0.33

EQUITY – TAX SAVING (ELSS) FUNDS

Kotak ELSS Tax Saver Fund

114.5

6501

1.7

0.6

34.7

17.2

20.8

15.7

0.42

EQUITY – FLEXI CAP FUNDS

Kotak Flexicap Fund

79.4

53844

1.5

0.6

32.5

13.8

17.3

14.7

0.35

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Kotak Infra & Economic Reform

65.8

2524

2.0

0.6

47.0

27.2

27.6

17.0

0.52

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

LIC MF Infrastructure Fund

48.0

750

2.4

1.4

63.5

30.8

27.3

15.5

0.53

EQUITY – LARGE & MID CAP FUNDS

LIC MF Large & Midcap Fund

37.9

3235

1.9

0.6

42.9

15.6

19.9

–

0.42

EQUITY – SMALL CAP FUNDS

LIC MF Small Cap Fund

31.1

370

2.5

1.5

46.0

23.8

28.3

–

0.54

EQUITY – TAX SAVING (ELSS) FUNDS

Mahindra Manulife ELSS Tax Saver Fund

27.3

983

2.1

0.6

27.2

12.7

18.5

–

0.40

HYBRID – EQUITY SAVINGS FUNDS

Mahi Manu Eq Sav Dhan San Yojana

19.7

564

2.4

0.7

15.4

7.6

11.4

–

0.36

HYBRID – AGGRESSIVE HYBRID FUNDS

Mirae Asset Aggressive Hybrid Fund

30.8

9481

1.7

0.4

26.5

11.1

15.6

–

0.40

EQUITY – LARGE CAP FUNDS

Mirae Asset Large Cap Fund

107.8

42179

1.5

0.5

27.2

9.8

15.9

14.0

0.34

EQUITY – SECTOR – BANKING FUNDS

Nippon India Banking & Financial Services Fund

569.3

6389

1.9

1.1

26.0

14.2

16.8

13.6

0.28

EQUITY – FOCUSED FUNDS

Nippon India Focused Equity Fund

116.9

8979

1.8

1.1

29.4

13.3

21.2

14.8

0.40

EQUITY – TAX SAVING (ELSS) FUNDS

PGIM India ELSS Tax Saver Fund

33.3

799

2.2

0.7

25.9

12.1

18.3

–

0.39

EQUITY – LARGE CAP FUNDS

SBI Blue Chip Fund

89.4

53276

1.5

0.8

28.1

12.6

17.2

13.7

0.37

HYBRID – AGGRESSIVE HYBRID FUNDS

SBI Equity Hybrid Fund

275.3

74852

1.4

0.7

24.0

10.2

14.4

12.6

0.37

HYBRID – EQUITY SAVINGS FUNDS

SBI Equity Savings Fund

22.9

5410

1.2

0.7

15.2

9.8

11.4

–

0.37

EQUITY – FOCUSED FUNDS

SBI Focused Equity Fund

330.0

36367

1.6

0.7

27.4

10.5

17.5

15.2

0.38

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

SBI Infrastructure Fund

50.7

5071

1.9

1.0

47.2

27.2

26.8

17.3

0.53

EQUITY – LARGE & MID CAP FUNDS

SBI Large & Midcap Fund

592.9

29234

1.6

0.7

35.3

17.5

22.0

16.1

0.44

EQUITY – MID CAP FUNDS

SBI Magnum Midcap Fund

235.5

22338

1.7

0.8

34.7

20.9

28.1

17.3

0.54

EQUITY – SMALL CAP FUNDS

SBI Small Cap Fund

175.0

34217

1.6

0.7

34.2

19.9

27.3

22.2

0.58

HYBRID – AGGRESSIVE HYBRID FUNDS

Sundaram Aggressive Hybrid Fund

157.5

5506

1.8

0.7

28.1

11.3

16.0

12.8

0.42

HYBRID – BALANCED ADVANTAGE FUNDS

Sundaram Balanced Advantage Fund

34.3

1591

2.0

0.6

22.5

10.9

10.8

8.1

0.45

EQUITY – FOCUSED FUNDS

Sundaram Focused Fund

161.0

1173

2.2

1.2

34.1

13.0

19.6

14.1

0.44

EQUITY – SECTOR – BANKING FUNDS

Tata Banking and Financial Services Fund

38.9

2406

1.9

0.4

23.8

11.3

14.2

–

0.27

EQUITY – VALUE FUNDS

Tata Equity P/E Fund

350.3

9173

1.8

0.8

44.1

19.7

21.1

16.2

0.45

HYBRID – EQUITY SAVINGS FUNDS

Tata Equity Savings Fund

52.5

204

1.1

0.5

16.1

8.2

9.4

7.6

0.38

EQUITY – THEMATIC – CONSUMPTION FUNDS

Tata India Consumer Fund

44.5

2522

2.0

0.7

39.1

19.4

20.1

–

0.49

EQUITY – LARGE & MID CAP FUNDS

Tata Large & Mid Cap Fund

522.8

8677

1.8

0.7

32.0

16.5

20.1

14.9

0.43

EQUITY – LARGE CAP FUNDS

Tata Large Cap Fund

487.7

2531

2.0

1.0

33.0

12.2

16.9

12.6

0.35

EQUITY – MID CAP FUNDS

Tata Mid Cap Growth Fund

423.5

4637

1.9

0.7

40.5

20.2

25.2

17.7

0.52

EQUITY – MID CAP FUNDS

Taurus Mid Cap Fund

118.6

140

2.6

2.2

27.0

16.6

23.0

16.3

0.50

EQUITY – VALUE FUNDS

Templeton India Value Fund

713.8

2305

2.0

0.8

37.4

19.9

25.3

14.9

0.48

EQUITY – TAX SAVING (ELSS) FUNDS

Union ELSS Tax Saver Fund

63.2

987

2.2

1.3

32.0

14.0

20.5

12.9

0.44

EQUITY – SMALL CAP FUNDS

Union Small Cap Fund

47.8

1663

2.1

0.9

27.5

19.8

28.7

15.9

0.56

HYBRID – AGGRESSIVE HYBRID FUNDS

UTI Aggressive Hybrid Fund

392.2

6330

1.9

1.2

32.4

15.3

19.6

12.7

0.47

HYBRID – CONSERVATIVE HYBRID FUNDS

UTI Conservative Hybrid Fund

66.3

1665

1.8

1.2

16.5

8.5

10.1

8.7

0.50

EQUITY – TAX SAVING (ELSS) FUNDS

UTI ELSS Tax Saver Fund

205.3

4183

1.9

0.9

32.0

11.5

19.0

13.2

0.40

EQUITY – LARGE & MID CAP FUNDS

UTI Large & Mid Cap Fund

174.5

4086

2.0

1.1

45.1

19.6

24.5

14.8

0.48

EQUITY – LARGE CAP FUNDS

UTI Large Cap Fund

266.2

13987

1.7

0.9

27.2

9.9

16.8

12.6

0.36

EQUITY – MID CAP FUNDS

UTI Mid Cap Fund

301.6

12708

1.7

0.9

37.0

17.6

25.6

16.0

0.52

EQUITY – VALUE FUNDS

UTI Value Fund

165.7

10757

1.8

1.1

44.5

17.2

22.3

13.7

0.46

HYBRID – AGGRESSIVE HYBRID FUNDS

Aditya Birla Sun Life Equity Hybrid ’95 Fund

1472.2

8099

1.8

1.1

28.0

10.5

14.5

11.4

0.34

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Aditya Birla Sun Life Infrastructure Fund

93.0

1277

2.2

1.3

40.2

23.5

26.0

14.7

0.47

EQUITY – LARGE CAP FUNDS

Axis Bluechip Fund

58.6

36109

1.6

0.7

27.8

7.1

13.5

12.5

0.32

EQUITY – FLEXI CAP FUNDS

Bandhan Flexi Cap Fund

199.3

7918

1.9

1.1

32.0

13.0

16.2

12.5

0.34

HYBRID – AGGRESSIVE HYBRID FUNDS

Bandhan Hybrid Equity Fund

24.4

818

2.3

1.0

29.4

11.9

16.4

–

0.38

HYBRID – BALANCED ADVANTAGE FUNDS

Bank of India Balanced Advantage Fund

24.4

137

2.3

1.2

22.2

13.9

11.6

7.9

0.41

EQUITY – LARGE & MID CAP FUNDS

BOI Large & Mid Cap Equity Fund

85.5

378

2.3

1.2

37.0

14.9

19.9

12.5

0.43

EQUITY – SECTOR – BANKING FUNDS

Baroda BNP Paribas Bank&Fin Serv

43.4

187

2.4

1.0

30.7

10.3

12.5

11.6

0.23

HYBRID – EQUITY SAVINGS FUNDS

DSP Equity Savings Fund

20.9

1937

1.4

0.5

17.7

9.2

10.2

–

0.31

EQUITY – FOCUSED FUNDS

DSP Focus Fund

53.0

2704

2.0

1.0

39.7

15.5

16.6

13.4

0.34

EQUITY – MID CAP FUNDS

DSP Midcap Fund

141.8

20237

1.7

0.7

37.8

15.5

20.8

16.6

0.46

HYBRID – CONSERVATIVE HYBRID FUNDS

DSP Regular Savings Fund

55.6

181

1.1

0.5

14.9

8.4

8.7

7.4

0.41

EQUITY – TAX SAVING (ELSS) FUNDS

Edelweiss Long Term Equity

108.0

413

2.3

0.7

37.8

14.6

18.0

13.3

0.38

EQUITY – LARGE CAP FUNDS

Franklin India Bluechip Fund

988.2

8375

1.8

1.1

32.0

10.3

17.2

11.9

0.36

HYBRID – CONSERVATIVE HYBRID FUNDS

Franklin India Debt Hybrid Fund

86.2

217

1.4

0.7

14.8

8.0

8.4

8.0

0.34

EQUITY – MID CAP FUNDS

Franklin India Prima Fund

2680.4

12943

1.8

1.0

49.5

20.0

23.4

17.0

0.46

EQUITY – SMALL CAP FUNDS

Franklin India Smaller Companies Fund

173.1

14460

1.7

0.9

39.3

24.8

29.0

18.1

0.52

EQUITY – VALUE FUNDS

HDFC Capital Builder Value Fund

718.5

7883

1.8

1.0

43.1

17.3

21.3

14.7

0.41

EQUITY – SMALL CAP FUNDS

HDFC Small Cap Fund

133.5

33963

1.6

0.7

31.4

22.6

28.1

19.1

0.51

HYBRID – AGGRESSIVE HYBRID FUNDS

HSBC Aggressive Hybrid Fund

53.4

5849

1.9

0.8

30.7

12.4

15.0

12.2

0.37

EQUITY – TAX SAVING (ELSS) FUNDS

HSBC ELSS Tax saver Fund

129.9

4485

1.9

1.1

46.6

17.9

19.6

14.4

0.39

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

HSBC Infrastructure Fund

47.4

2790

2.0

1.0

48.7

26.4

25.5

17.4

0.47

EQUITY – MID CAP FUNDS

HSBC Midcap Fund

382.6

12280

1.7

0.7

53.5

22.5

24.3

17.9

0.49

HYBRID – EQUITY SAVINGS FUNDS

ICICI Prudential Equity Savings Fund

21.4

12168

1.0

0.5

10.7

8.3

8.5

–

0.24

EQUITY – THEMATIC – CONSUMPTION FUNDS

ICICI Prudential FMCG Fund

490.3

1885

2.1

1.3

11.3

14.4

13.9

13.4

0.39

EQUITY – SECTOR – BANKING FUNDS

LIC MF Banking & Financial Services Fund

19.3

291

2.4

1.1

13.4

8.4

11.1

–

0.21

EQUITY – TAX SAVING (ELSS) FUNDS

LIC MF ELSS Tax Saver

149.2

1209

2.1

1.0

34.5

13.4

16.6

13.1

0.34

EQUITY – FLEXI CAP FUNDS

LIC MF Flexi Cap Fund

98.6

1135

2.3

1.4

31.2

13.1

15.1

10.0

0.35

EQUITY – LARGE CAP FUNDS

LIC MF Large Cap Fund

54.1

1588

2.1

1.0

29.4

8.5

14.1

11.4

0.32

HYBRID – BALANCED ADVANTAGE FUNDS

Motilal Oswal Balanced Advantage Fund

21.7

1316

2.2

0.9

18.0

11.4

10.8

–

0.33

EQUITY – FOCUSED FUNDS

Motilal Oswal Focused Fund

46.8

2130

2.0

0.9

29.9

10.9

14.9

13.0

0.34

EQUITY – LARGE & MID CAP FUNDS

Navi Large & Midcap Fund

34.6

333

2.3

0.3

25.5

12.0

17.8

–

0.35

EQUITY – LARGE & MID CAP FUNDS

Nippon India Vision Fund

1398.5

5619

2.0

1.5

44.6

18.4

22.0

13.2

0.44

EQUITY – TAX SAVING (ELSS) FUNDS

Quantum ELSS Tax Saver Fund

122.8

218

2.0

0.9

39.3

16.3

19.4

12.7

0.40

EQUITY – VALUE FUNDS

Quantum Long Term Equity Value Fund

123.7

1230

2.0

1.1

39.8

16.3

19.3

12.7

0.40

EQUITY – FLEXI CAP FUNDS

SBI Flexicap Fund

106.5

23489

1.7

0.8

27.5

11.0

16.4

14.4

0.35

EQUITY – SECTOR – IT FUNDS

SBI Technology Opportunities Fund

212.4

4435

1.9

0.8

38.5

12.1

27.5

17.5

0.57

EQUITY – TAX SAVING (ELSS) FUNDS

Sundaram ELSS Tax Saver Fund

488.0

1434

2.2

1.6

30.2

13.2

19.6

14.1

0.42

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Sundaram Infrastructure Advantage Fund

92.3

1067

2.3

1.7

46.5

22.0

24.4

15.2

0.44

EQUITY – LARGE & MID CAP FUNDS

Sundaram Large and Mid Cap Fund

84.1

7258

1.8

0.7

38.5

14.8

18.4

15.5

0.37

EQUITY – MID CAP FUNDS

Sundaram Mid Cap Fund

1336.4

13129

1.7

0.9

51.0

23.8

24.7

17.0

0.46

EQUITY – TAX SAVING (ELSS) FUNDS

Tata ELSS Tax Saver Fund

43.6

4926

1.8

0.7

35.5

15.0

18.8

15.8

0.39

HYBRID – AGGRESSIVE HYBRID FUNDS

Tata Hybrid Equity Fund

430.5

4312

1.9

1.0

26.4

11.5

15.2

11.5

0.38

EQUITY – LARGE CAP FUNDS

Union Largecap Fund

23.1

435

2.5

1.6

28.2

10.1

16.2

–

0.34

EQUITY – DIVIDEND YIELD FUNDS

UTI Dividend Yield Fund

176.8

4485

2.0

1.4

47.7

17.5

22.1

14.4

0.50

EQUITY – FLEXI CAP FUNDS

UTI Flexi Cap Fund

316.4

27706

1.6

1.0

26.5

6.0

17.1

13.0

0.36

EQUITY – THEMATIC – CONSUMPTION FUNDS

UTI India Consumer Fund

58.4

777

2.4

1.6

36.0

14.4

16.6

12.0

0.42

EQUITY – TAX SAVING (ELSS) FUNDS

Aditya Birla Sun Life ELSS Tax Saver Fund

57.9

17102

1.7

0.9

32.9

10.7

13.4

12.5

0.31

EQUITY – LARGE & MID CAP FUNDS

Aditya Birla Sun Life Equity Advantage Fund

877.7

6380

1.9

1.0

30.8

8.5

16.6

13.5

0.32

HYBRID – EQUITY SAVINGS FUNDS

Aditya Birla Sun Life Equity Savings Fund

20.8

640

1.1

0.6

10.8

5.7

8.6

–

0.26

EQUITY – MID CAP FUNDS

Aditya Birla Sun Life Midcap Fund

780.4

6440

1.9

1.0

42.5

18.9

24.2

15.9

0.47

EQUITY – VALUE FUNDS

Aditya Birla Sun Life Pure Value Fund

125.7

6779

1.9

1.0

38.4

19.1

22.2

13.8

0.44

EQUITY – SMALL CAP FUNDS

Aditya Birla Sun Life Small Cap Fund

86.3

5430

1.9

0.9

33.9

16.3

23.5

15.4

0.42

EQUITY – TAX SAVING (ELSS) FUNDS

Axis ELSS Tax Saver Fund

94.2

39253

1.5

0.8

32.9

7.8

14.4

13.7

0.30

EQUITY – FOCUSED FUNDS

Axis Focused Fund

54.0

14470

1.7

0.8

31.4

4.3

12.7

13.3

0.26

HYBRID – CONSERVATIVE HYBRID FUNDS

Bandhan Conservative Hybrid Fund

30.7

117

2.0

1.0

12.4

5.4

6.5

7.2

0.28

EQUITY – FOCUSED FUNDS

Bandhan Focused Equity Fund

84.1

1794

2.1

0.8

44.3

14.8

18.2

12.5

0.38

EQUITY – LARGE CAP FUNDS

DSP Top 100 Equity Fund

455.7

4613

1.9

1.1

38.0

15.1

16.0

11.9

0.32

EQUITY – LARGE & MID CAP FUNDS

Franklin India Equity Advantage Fund

181.7

3798

2.0

1.3

35.3

12.2

18.7

12.8

0.36

EQUITY – SECTOR – IT FUNDS

Franklin India Technology Fund

529.3

1904

2.1

1.1

48.9

15.3

28.4

17.5

0.58

EQUITY – LARGE CAP FUNDS

Groww Largecap Fund

41.8

133

2.4

1.0

32.0

11.2

14.0

12.0

0.30

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

HDFC Infrastructure Fund

46.2

2607

2.0

1.1

47.6

30.2

25.0

11.8

0.43

HYBRID – AGGRESSIVE HYBRID FUNDS

LIC MF Aggressive Hybrid Fund

189.2

560

2.5

1.4

28.3

10.5

12.2

9.0

0.31

EQUITY – MID CAP FUNDS

LIC MF Midcap Fund

28.7

334

2.5

1.6

45.6

17.4

23.0

–

0.44

EQUITY – FLEXI CAP FUNDS

Motilal Oswal Flexi Cap Fund

60.3

12564

1.7

0.9

57.3

18.9

17.8

16.1

0.36

EQUITY – TAX SAVING (ELSS) FUNDS

Nippon India ELSS Tax Saver Fund

125.2

16711

1.7

1.0

39.2

16.5

19.3

11.2

0.38

HYBRID – AGGRESSIVE HYBRID FUNDS

Nippon India Equity Hybrid Fund

101.0

3976

2.0

1.1

28.7

14.5

14.0

10.6

0.26

HYBRID – EQUITY SAVINGS FUNDS

Nippon India Equity Savings Fund

15.4

658

1.7

0.7

12.5

7.2

5.9

–

0.10

HYBRID – CONSERVATIVE HYBRID FUNDS

Nippon India Hybrid Bond Fund

54.5

831

1.9

1.1

9.9

7.5

4.6

5.9

0.07

EQUITY – LARGE CAP FUNDS

PGIM India Large Cap Fund

327.8

633

2.4

0.9

23.6

8.7

13.8

11.1

0.30

EQUITY – THEMATIC – CONSUMPTION FUNDS

Sundaram Consumption Fund

96.8

1724

2.1

1.3

30.7

18.7

18.3

15.5

0.39

EQUITY – DIVIDEND YIELD FUNDS

Sundaram Dividend Yield Fund

136.7

989

2.2

0.9

38.2

16.7

21.0

14.8

0.49

EQUITY – SMALL CAP FUNDS

Sundaram Small Cap Fund

253.9

3581

1.9

0.8

35.7

20.3

28.0

15.8

0.49

EQUITY – FLEXI CAP FUNDS

Taurus Flexi Cap Fund

226.1

393

2.7

2.6

34.0

14.1

15.8

10.3

0.33

EQUITY – SECTOR – BANKING FUNDS

UTI Banking and Financial Services Fund

171.8

1192

2.2

1.2

27.3

10.3

12.8

10.9

0.23

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

UTI Infrastructure Fund

139.6

2472

2.2

1.8

43.2

21.1

21.9

13.6

0.42

HYBRID – BALANCED ADVANTAGE FUNDS

UTI-Unit Linked Insurance Plan

40.0

5616

1.6

0.9

16.4

6.6

10.2

8.5

0.33

EQUITY – THEMATIC – MNC FUNDS

Aditya Birla Sun Life MNC Fund

–

1370.8

4180

2.0

1.3

31.7

12.2

12.3

12.5

0.32

HYBRID – AGGRESSIVE HYBRID FUNDS

Axis Aggressive Hybrid Fund

–

19.8

1702

2.1

1.1

26.0

7.6

12.6

–

0.31

HYBRID – BALANCED ADVANTAGE FUNDS

Axis Balanced Advantage Fund

–

20.1

2577

2.0

0.8

28.9

11.7

12.4

–

0.46

EQUITY – FLEXI CAP FUNDS

Axis Flexi Cap Fund

–

25.8

13464

1.7

0.7

35.9

9.7

15.8

–

0.36

EQUITY – LARGE & MID CAP FUNDS

Axis Growth Opportunities Fund

–

31.8

14526

1.7

0.6

39.8

15.1

22.5

–

0.49

HYBRID – EQUITY SAVINGS FUNDS

Bandhan Equity Savings Fund

–

29.9

162

1.1

0.2

10.4

6.6

8.2

6.7

0.26

HYBRID – CONSERVATIVE HYBRID FUNDS

Bank of India Conservative Hybrid Fund

–

33.0

2.1

1.1

11.8

13.0

12.0

7.9

0.82

EQUITY – SMALL CAP FUNDS

Bank of India Small Cap Fund

–

46.8

1517

2.0

0.5

41.1

23.3

35.6

–

0.72

HYBRID – BALANCED ADVANTAGE FUNDS

Baroda BNP Paribas Balanced Advantage Fund

–

23.1

4187

1.9

0.7

25.9

12.1

16.2

–

0.54

EQUITY – FOCUSED FUNDS

Baroda BNP Paribas Focused Fund

–

21.6

726

2.3

0.4

32.6

13.2

17.0

–

0.38

EQUITY – THEMATIC – CONSUMPTION FUNDS

Baroda BNP Paribas India Consumption Fund

–

31.6

1575

2.1

0.6

35.5

16.7

20.5

–

0.49

EQUITY – MULTI CAP FUNDS

Baroda BNP Paribas Multi Cap Fund

–

281.9

2811

2.0

0.9

45.1

17.0

23.6

14.8

0.50

EQUITY – SMALL CAP FUNDS

Canara Robeco Small Cap Fund

–

39.4

12591

1.7

0.4

36.8

21.5

33.5

–

0.64

EQUITY – SECTOR – PHARMA FUNDS

DSP Healthcare Fund

–

39.9

3094

1.9

0.6

54.0

20.6

30.9

–

0.89

HYBRID – AGGRESSIVE HYBRID FUNDS

Edelweiss Aggressive Hybrid Fund

–

60.7

2198

2.0

0.4

32.6

16.8

18.6

13.0

0.47

EQUITY – SMALL CAP FUNDS

Edelweiss Small Cap Fund

–

43.6

4293

1.8

0.4

40.2

23.4

32.3

–

0.61

HYBRID – EQUITY SAVINGS FUNDS

Franklin India Equity Savings Fund

–

15.7

702

1.1

0.3

11.6

6.7

9.0

–

0.28

HYBRID – AGGRESSIVE HYBRID FUNDS

Groww Aggressive Hybrid Fund

–

20.5

2.3

0.9

27.8

10.4

13.5

–

0.33

EQUITY – TAX SAVING (ELSS) FUNDS

Groww ELSS Tax Saver Fund

–

19.9

2.3

0.6

36.3

13.2

15.3

–

0.34

EQUITY – VALUE FUNDS

Groww Value Fund

–

25.5

2.3

0.9

32.4

13.0

17.7

–

0.38

HYBRID – BALANCED ADVANTAGE FUNDS

HDFC Balanced Advantage Fund

–

498.1

96536

1.4

0.7

32.3

20.4

20.8

14.8

0.47

EQUITY – LARGE & MID CAP FUNDS

HSBC Large & Mid Cap Fund

–

26.2

3718

1.9

0.9

44.8

17.3

21.2

–

0.43

EQUITY – TAX SAVING (ELSS) FUNDS

HSBC Tax Saver Equity Fund

–

90.5

261

2.5

1.6

44.2

15.9

19.8

13.9

0.39

EQUITY – MULTI CAP FUNDS

ICICI Prudential Multicap Fund

–

775.9

14691

1.7

0.9

42.2

19.4

22.1

15.6

0.44

EQUITY – SECTOR – PHARMA FUNDS

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

–

37.8

4987

1.9

1.1

60.3

22.6

31.1

–

0.94

EQUITY – SMALL CAP FUNDS

ICICI Prudential Smallcap Fund

–

86.3

8825

1.8

0.7

31.5

19.9

28.4

16.9

0.52

HYBRID – AGGRESSIVE HYBRID FUNDS

Invesco India Aggressive Hybrid Fund

–

22.1

545

2.4

0.8

38.9

14.6

15.2

–

0.38

EQUITY – CONTRA FUNDS

Invesco India Contra Fund

–

132.9

18470

1.6

0.5

49.6

18.9

23.1

17.1

0.47

HYBRID – EQUITY SAVINGS FUNDS

Invesco India Equity Savings Fund

–

16.5

313

2.3

0.7

22.0

9.1

9.5

–

0.39

EQUITY – MULTI CAP FUNDS

Invesco India Multicap Fund

–

129.6

3962

1.9

0.7

43.2

17.1

22.7

15.7

0.45

EQUITY – SMALL CAP FUNDS

Invesco India Smallcap Fund

–

39.6

5376

1.8

0.4

49.3

24.0

30.9

–

0.59

HYBRID – BALANCED ADVANTAGE FUNDS

Kotak Balanced Advantage Fund

–

19.7

17206

1.7

0.5

21.4

10.8

12.5

–

0.35

EQUITY – CONTRA FUNDS

Kotak India EQ Contra Fund

–

146.5

4047

1.9

0.6

46.0

19.6

22.4

16.1

0.45

HYBRID – CONSERVATIVE HYBRID FUNDS

LIC MF Conservative Hybrid Fund

–

78.9

2.3

1.2

11.0

5.2

6.9

6.6

0.38

EQUITY – DIVIDEND YIELD FUNDS

LIC MF Dividend Yield Fund

–

29.7

436

2.5

1.5

51.7

19.8

22.9

–

0.53

HYBRID – EQUITY SAVINGS FUNDS

LIC MF Equity Savings Fund

–

25.7

2.0

1.0

13.2

6.8

8.6

6.9

0.27

EQUITY – FOCUSED FUNDS

LIC MF Focused Fund

–

20.8

154

2.5

1.6

25.5

9.7

15.8

–

0.36

EQUITY – SECTOR – PHARMA FUNDS

LIC MF Healthcare Fund

–

29.5

2.4

1.2

60.2

16.1

23.7

–

0.71

EQUITY – VALUE FUNDS

LIC MF Value Fund

–

24.4

132

2.5

1.6

37.7

14.4

19.2

–

0.41

EQUITY – THEMATIC – CONSUMPTION FUNDS

Mahindra Manulife Consumption Fund

–

22.8

376

2.4

0.7

36.6

18.2

17.6

–

0.41

EQUITY – LARGE CAP FUNDS

Mahindra Manulife Large Cap Fund

–

22.2

596

2.3

0.7

30.5

11.0

15.9

–

0.35

EQUITY – MID CAP FUNDS

Mahindra Manulife Mid Cap Fund

–

32.7

3442

1.9

0.4

48.6

23.5

27.7

–

0.59

EQUITY – MULTI CAP FUNDS

Mahindra Manulife Multi Cap Fund

–

34.2

4869

1.8

0.4

40.0

17.9

25.1

–

0.52

HYBRID – EQUITY SAVINGS FUNDS

Mirae Asset Equity Savings Fund

–

19.1

1325

1.3

0.3

17.4

9.2

12.2

–

0.44

EQUITY – SECTOR – PHARMA FUNDS

Mirae Asset Healthcare Fund

–

38.0

2794

1.9

0.5

52.6

18.6

29.4

–

0.89

HYBRID – AGGRESSIVE HYBRID FUNDS

Navi Aggressive Hybrid Fund

–

19.7

113

2.3

0.4

23.2

11.0

13.0

–

0.31

HYBRID – CONSERVATIVE HYBRID FUNDS

Navi Conservative Hybrid Fund

–

26.3

2.0

0.3

10.7

5.5

6.1

6.4

0.25

EQUITY – TAX SAVING (ELSS) FUNDS

Navi ELSS Tax Saver Fund

–

28.6

2.3

0.3

25.5

10.4

14.7

–

0.29

EQUITY – FLEXI CAP FUNDS

Navi Flexi Cap Fund

–

22.7

281

2.3

0.4

25.1

11.4

16.2

–

0.33

HYBRID – BALANCED ADVANTAGE FUNDS

Nippon India Balanced Advantage Fund

–

168.9

8950

1.7

0.6

23.0

11.2

13.1

10.8

0.39

EQUITY – THEMATIC – CONSUMPTION FUNDS

Nippon India Consumption Fund

–

197.3

2023

2.0

0.7

34.7

20.2

23.5

15.0

0.56

EQUITY – MULTI CAP FUNDS

Nippon India Multi Cap Fund

–

288.5

39622

1.6

0.7

42.3

25.2

25.5

15.7

0.46

EQUITY – SECTOR – PHARMA FUNDS

Nippon India Pharma Fund

–

505.9

8769

1.8

0.9

48.6

19.0

28.4

15.6

0.84

HYBRID – EQUITY SAVINGS FUNDS

PGIM India Equity Savings Fund

–

47.1

1.3

0.5

9.7

5.9

7.5

8.1

0.24

HYBRID – AGGRESSIVE HYBRID FUNDS

PGIM India Hybrid Equity Fund

–

122.9

219

2.3

0.8

23.5

7.5

12.2

9.0

0.28

EQUITY – MULTI CAP FUNDS

Quant Active Fund

–

643.1

11229

1.7

0.6

32.4

16.1

27.9

19.3

0.57

EQUITY – FLEXI CAP FUNDS

Quant Flexi Cap Fund

–

100.3

7912

1.8

0.6

47.0

20.7

32.4

20.0

0.67

EQUITY – CONTRA FUNDS

SBI Contra Fund

–

379.3

41327

1.5

0.6

39.7

24.2

30.3

17.1

0.64

EQUITY – SECTOR – PHARMA FUNDS

SBI Healthcare Opportunities Fund

–

409.5

3346

2.0

0.9

52.7

22.5

29.3

14.2

0.84

EQUITY – THEMATIC – MNC FUNDS

SBI Magnum Global Fund

–

362.9

6879

1.9

1.2

12.4

9.4

15.2

12.6

0.41

HYBRID – AGGRESSIVE HYBRID FUNDS

Shriram Aggressive Hybrid Fund

–

31.9

2.3

0.8

28.0

10.8

13.0

10.1

0.36

EQUITY – TAX SAVING (ELSS) FUNDS

Shriram ELSS Tax Saver Fund

–

22.6

2.3

0.7

34.9

12.3

15.9

–

0.39

EQUITY – FLEXI CAP FUNDS

Shriram Flexi Cap Fund

–

21.8

138

2.3

0.7

35.6

12.6

15.3

–

0.36

HYBRID – CONSERVATIVE HYBRID FUNDS

Sundaram Conservative Hybrid Fund

–

28.7

2.2

1.1

12.6

6.4

8.6

7.6

0.43

EQUITY – TAX SAVING (ELSS) FUNDS

Sundaram Diversified Equity

–

212.2

1681

2.2

1.6

26.5

12.2

16.2

12.5

0.33

EQUITY – MULTI CAP FUNDS

Sundaram Multi Cap Fund

–

368.5

2915

2.0

0.9

37.3

16.3

21.8

15.3

0.45

HYBRID – BALANCED ADVANTAGE FUNDS

Tata Balanced Advantage Fund

–

19.9

10453

1.7

0.3

19.8

10.8

13.4

–

0.48

EQUITY – FLEXI CAP FUNDS

Tata Flexi Cap Fund

–

23.1

3140

1.9

0.7

30.1

12.0

15.9

–

0.36

EQUITY – SECTOR – PHARMA FUNDS

Tata India Pharma & Healthcare Fund

–

30.2

1208

2.1

0.7

53.5

20.7

27.5

–

0.85

EQUITY – SMALL CAP FUNDS

Tata Small Cap Fund

–

41.3

9319

1.7

0.3

45.3

25.1

32.5

–

0.64

EQUITY – SECTOR – BANKING FUNDS

Taurus Banking & Financial Services Fund

–

49.5

2.5

1.8

22.8

9.1

12.8

11.7

0.24

EQUITY – TAX SAVING (ELSS) FUNDS

Taurus ELSS Tax Saver Fund

–

180.9

2.5

2.0

36.3

15.9

18.3

13.7

0.39

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Taurus Infrastructure Fund

–

67.4

2.5

2.2

39.8

21.2

22.8

15.2

0.49

EQUITY – LARGE CAP FUNDS

Taurus Large Cap Fund

–

154.0

2.6

2.5

36.5

13.3

15.6

10.6

0.33

HYBRID – BALANCED ADVANTAGE FUNDS

Union Balanced Advantage Fund

–

19.4

1527

2.1

1.0

19.0

8.7

12.0

–

0.37

HYBRID – EQUITY SAVINGS FUNDS

Union Equity Savings Fund

–

16.3

127

2.0

1.4

13.4

6.8

8.5

–

0.33

EQUITY – VALUE FUNDS

Union Value Fund

–

27.5

298

2.5

1.3

36.3

17.0

21.6

–

0.46

HYBRID – EQUITY SAVINGS FUNDS

UTI Equity Savings Fund

–

17.5

594

1.6

0.8

15.6

9.8

11.4

–

0.49

EQUITY – SECTOR – PHARMA FUNDS

UTI Healthcare Fund

–

277.6

1201

2.2

1.3

54.6

19.3

28.0

13.2

0.85

EQUITY – THEMATIC – MNC FUNDS

UTI MNC Fund

–

396.1

3249

2.0

1.2

28.8

13.3

14.6

12.8

0.40

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Why Balanced Advantage Fund May Help Tide Over Volatile Markets

by Hansraj Agrawal | Oct 25, 2024 | Share Market

Foreign institutional investors have been on a selling spree in the Indian equity markets in recent times. In just the three weeks of October, FIIs sold equities worth $10 billion. The preference for a stimulus-driven China and a rate-cut fuelled US meant that emerging markets such as India – which also is also expensive on the valuation front – are less favoured currently.

Meanwhile, most Central Banks have started the interest rate reduction cycle, even as the RBI seems in no hurry to reduce rates any time soon.

Volatile equities and still-high interest rates mean that investors may now need to play the markets carefully and focus on their asset allocation pattern.

In the aforesaid context, balanced advantage (or dynamic asset allocation) funds are seen as attractive in the current market as they tend to generate risk-adjusted returns and insulate investor portfolios from stiff corrections.

Given that dynamic asset allocation funds take into account factors such as valuations, macros and interest rate movements to juggle between stocks and bonds, apart from using derivatives for hedging, timing of entry is not crucial.

The best funds from the category are also suitable for systematic transfer plans (SWPs) in the case of those seeking to generate periodic cashflows with their invested lump-sum.

SBI Balanced Advantage has recently completed three years since inception and has delivered well over this period. Investors can consider lump-sum or even SIP investments in the fund for the medium to long term.

Steady delivery

In the limited period since its inception, the fund has been consistent in its performance.

When point to point returns over multiple timeframes are taken, SBI Balanced Advantage delivered returns 4.3 per cent over the past three years and 23.9 per cent over the past one year.

Taking one-year rolling returns over August 2021 to October 2024, the fund’s performance has again been healthy. Over this period, its mean one-year rolling return was 16.5 per cent.

On a one-year rolling basis over the above-mentioned period, the fund has always delivered positive returns. SBI Balanced Advantage has given more than 10 per cent returns more than 69 per cent of the time. It has delivered more than 12 per cent over 68.5 per cent of the time over August 2021 to October 2024.

In case retail investors do not have a lump-sum in hand, they can consider SIPs as well. A monthly SIP in the fund for three years would have given a return (XIRR) of 18.6 per cent.

It may also be suitable for moderate risk investors seeking regular income on their lump-sum investments via systematic withdrawal plans (SWPs).

Managing the equity-debt mix

SBI Balanced Advantage fund is quite true-to-label in as far as debt and equity mix is concerned. Both components, especially the debt part is quite actively managed to make the best of the bond market trends.

With increase in volatility in the market, the fund increases the hedged proportion of the portfolio. This used to be 20 per cent or more, earlier, but has been rising.

This proportion has gone up steeply in its recent portfolio, SBI Balanced Advantage holds 34.6 per cent in derivatives.

Overall, the fund seeks to keep the equity portion with derivatives at 65 per cent or higher, which ensures favourable equity taxation.

In as far as the equity portion is concerned, it is dominated by large-cap holdings across market cycle. Stocks are picked from the Nifty 100 index mostly and the weightage of individual firms in the portfolio barring one or two is kept at much less than 5 per cent. Thus, the portfolio is well-diversified and quite diffused. A bit of mid-cap and a tiny portion of small-caps figure in the portfolio to provide a kicker to returns. The equity portion’s risk is kept moderate for most parts.

With respect to the debt portion, the fund takes no credit risk, with bonds of AAA-rated corporates and the sovereign (including States) being the mainstay.

The debt portion’s maturity is also smartly handled by taking duration calls. As interest rates were being raised over 2022-23, the average maturity was kept more at 5-7 years. But after rates peaked early this year and as yields started to drop, the fund has changed the bond mix, which has increased the average maturity of debt securities to 9.65 years currently.

SBI Balanced Advantage has become a reliable investment across market cycles, with only low to modest risks for healthy above-average returns.

Overview

Equity portion with derivatives at 65 per cent or higher

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