Micro-Cap Investing: Risk & Return, Made For Each Other

by Hansraj Agrawal | Jan 17, 2026 | Share Market

Motilal Oswal Mutual Fund’s decision to pause fresh investments in its Nifty Microcap 250 Index Fund effective January 8, 2026, has drawn attention to the regulatory ambiguity surrounding micro-cap stocks. While the move was prompted by classification concerns rather than market conditions, it has reignited the debate on whether micro-caps are inherently too risky or illiquid for fund portfolios.

Unlike large-, mid- and small-cap stocks, which are clearly defined under AMFI’s market-cap classification, micro-caps remain an undefined segment. Under the current framework, large-cap stocks include the top 100 companies by full market capitalisation; mid-cap stocks rank from 101st to 250th; and small-cap stocks include companies ranked from the 251st position onwards.

However, market participants broadly treat stocks ranked beyond the top 500 by full market capitalisation as micro-caps. This aligns with the coverage universe of the Nifty Microcap 250 Index, which includes 250 companies beyond the Nifty 500 constituents, selected based on average full market capitalisation. This regulatory grey area affects product labelling, often forcing fund houses to adopt a conservative stance on new launches or fresh inflows. For this study, as AMFI does not define micro-cap stocks, we classify stocks ranked 251–500 as small-caps and those ranked beyond 500 as micro-caps.

Where mutual funds hold micro-caps

Despite the absence of a formal definition, mutual funds continue to maintain meaningful exposure to micro-cap stocks across categories. Data from ACE MF show that over the last five years, mutual fund assets in the micro-cap segment (stocks ranked beyond 500) have surged more than 10-fold—from ₹22,508 crore in December 2020 to ₹2.6 lakh crore in December 2025 — accounting for about 5 per cent of total equity assets under management of ₹52 lakh crore as of December 2025.

Micro-cap exposure is most visible in actively managed small-cap funds, which hold 33 per cent, or ₹1.1 lakh crore, of the total equity AUM of ₹3.5 lakh crore. Within small-cap funds, portfolio mandates allow fund managers to venture deeper into the market-cap spectrum, and many schemes hold a tail of micro-cap stocks.

DSP Small Cap tops the chart, with 58 per cent exposure to micro-cap stocks, followed by Tata Small Cap and LIC MF Small Cap, which held 55 per cent and 52 per cent, respectively, as of December 2025.

Apart from small-cap funds, multi-cap funds held a higher share of micro-caps, with a 10 per cent allocation, driven by their mandate to invest at least 25 per cent in small-cap segments. Sectoral and thematic funds also held notable allocations to micro-caps. Some of these include LIC MF Manufacturing (41 per cent), LIC MF Infra (39 per cent), Edelweiss Recently Listed IPO (33 per cent), Samco Special Opportunities (32 per cent), Motilal Oswal Digital India (31 per cent), and UTI Innovation (30 per cent).

Fund managers appear to be using micro-caps selectively rather than aggressively. Position sizes tend to be smaller, and portfolios are often diversified across multiple names to manage stock-specific risks.

Liquidity

Liquidity remains the biggest concern when it comes to micro-caps. The prevailing assumption is that these stocks cannot absorb large redemptions without causing significant price impact. Interestingly, based on the SEBI–AMFI liquidity stress-test methodology, bl.portfolio calculations for the Motilal Oswal Nifty Microcap 250 Index Fund indicate that 50 per cent of the portfolio can be liquidated in just two days. However, the lower liquidation period is due to the fund’s relatively small AUM of ₹2,626 crore.

Performance cycles

Return data reinforce why mutual funds approach micro-caps with caution. Rolling return analysis shows that micro-cap indices tend to deliver sharp bursts of outperformance during bullish phases, often exceeding small- and mid-cap returns over specific periods. However, these phases are cyclical, with micro-caps often turning into underperformers during market corrections.

Over the long run, micro-caps have tended to deliver higher returns compared to other market-cap segments. Back-tested index data show that over the last 20 years, the Nifty Microcap 250 Total Return Index (TRI) delivered a compounded annualised growth rate (CAGR) of 17.5 per cent, compared with 13.5 per cent for the Nifty Smallcap 250 TRI.

Risk characteristics

Drawdown analysis paints a starker picture. Micro-cap indices experience deeper and faster drawdowns during market corrections, with recovery periods often extending longer than those of small-cap segments. During the global financial crisis in 2008, the Nifty Microcap index declined 82 per cent, compared with a 76 per cent decline in the Nifty Smallcap index. During the Covid-19 crash in 2020, the micro-cap index corrected sharply by 70 per cent, versus a 59 per cent decline in the small-cap index.

What this means for investors

Regulators are likely to revisit mutual fund categorisation norms and market-capitalisation definitions as India’s equity universe continues to evolve. The recent pause on fresh inflows into the micro-cap index fund signals regulatory prudence, not a rejection of the micro-cap space. Mutual fund portfolios continue to show meaningful participation, supported by improving market depth and liquidity.

For investors, the takeaway is nuanced. Micro-caps are neither uninvestable nor appropriate as core portfolio allocations. They require higher risk tolerance, longer investment horizons, and disciplined position sizing. As India’s equity market expands and matures, micro-caps are likely to remain a volatile yet relevant segment of the mutual fund universe — best approached selectively rather than avoided altogether.

Investors, while aligning their asset allocation and seeking micro-cap exposure, may consider well-rated active small-cap funds with meaningful allocations to this segment. Based on bl.portfolio Star Track Ratings, funds with notable micro-cap exposure include DSP Small Cap Fund (58 per cent), Nippon India Small Cap Fund (29 per cent), and Axis Small Cap Fund (25 per cent). A systematic investment plan (SIP) is a preferred mode of investment for holding periods of 10 years or more.

Published on January 17, 2026

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Defensive Play With Healthcare

by Hansraj Agrawal | Jan 10, 2026 | Share Market

The pharma play has been derisked with negligible impact from tariff announcements. Healthcare and diagnostics continue to be supported by rising insurance penetration and demand for private healthcare. The two sectors are at a premium, valuation-wise, especially healthcare which makes stock specific, bottom-up investing a necessity across sectors.

Here we analyse 10+ active pharma and healthcare funds, citing the top and bottom performers in the sector, for investors to take a call on active investing in the sector.

Healthcare vs Nifty

In the last year, the broader Nifty-50 has outperformed (10 per cent returns last one year) the two sector indices, BSE Healthcare (-2 per cent) and Nifty Pharma (0 per cent), convincingly. This could partially be attributed to a large-cap tilt or to the tariff related focus on the sector. It was only in Q2FY26 results discussions in November 25 that companies could spell out that the generics are excluded from tariffs even as innovator medicine is yet to be excluded, an overhang only on Sun Pharma.

In the last five years, the sector performance has been mixed. BSE Healthcare which includes hospitals apart from pharma delivered 100 per cent returns compared to Nifty Pharma’s 75 per cent return or even Nifty-50’s 82 per cent return. The differentiation provided by hospitals which benefited from continuing rise in penetration, demand for better healthcare, improved insurance protection, and robotics-aided higher unit economics fared better than pharma.

Fund performance

We have measured performance based on the average of daily rolling returns across one, three and five years. We also measured index outperformance in percentage points versus BSE Healthcare Index which is the tougher barometer compared to Nifty Pharma Index. The probability of the fund beating the index is measured by the percentage of days beating the index daily across time frames.

The sector has a healthy composition of active choices with 10 funds operating for more than 10 years. The sector rewards active management as evidenced by several funds beating the benchmark BSE Healthcare across one-, three- and five-year timeframes.

As shown in the table, DSP Healthcare, ICICI Pru PHD, Nippon India Pharma are top performing funds measured by the outperformance vs Index. While DSP Healthcare and ICICI Pru have been operating for 7-8 years, Nippon India Pharma fund has more than 20 years of operations and has gone through several cycles in Pharma. Mirae Asset Healthcare, SBI Healthcare and Tata India Pharma have performed above the sector average. UTI Healthcare, Aditya Birla Pharma and LIC Healthcare funds have underperformed the sector average on a five year basis.

Fund composition

Sun Pharma is the largest holding with 9-14 per cent weight across top three funds in November 2025, the latest month available for comparison. The stock has had a modest performance in the past year declining by 4 per cent. The company outlook is pegged to its specialty portfolio as Q2FY26 was the first quarter where specialty overtook generics in the US portfolio. The specialty or innovative portfolio has several programmes under study along with the commercial portfolio which is strong. India and Rest of the World markets continue to do well for Sun and other companies which are investing in both the markets.

Divi’s Labs, representing CDMO segment, continues to gain prominence across funds with weights increasing across three of the top four funds (DSP Healthcare currently has no allocation). Divi’s, Neuland Labs and Laurus Labs have reported significant increase in interest for CDMO projects, and funds are positioned to capture the momentum, but with Divi’s alone in the top-10 holdings.

The other big opportunity for the pharma sector is the semaglutide (leading class for diabetes treatment) patent loss this year across several countries, including the US and Canada. Sun Pharma, Cipla, Torrent, and Aurobindo have reported plans to be in the first and second wave of launches across countries. Dr. Reddy’s has reported launch plans in 87 countries and is seemingly in the forefront of the opportunity. On the other end, ingredients and API maker Divi’s is also gearing up for the large-scale opportunity. The stocks are well represented across the funds as well.

Hospitals and Labs, after several years of stellar run, have now lower weights in fund portfolios. Apollo Hospitals, driven by expansion plans and turnaround in other ventures, is well represented across funds.

Investors can consider DSP Healthcare, ICICI Pru PHD, or Nippon India Pharma to get exposure to the sector.

Published on January 10, 2026

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Manufacturing Funds Stumble in 2025

by Hansraj Agrawal | Jan 10, 2026 | Share Market

After delivering benchmark-beating returns in 2023 and 2024, manufacturing-themed mutual funds slipped into underperformance in 2025. While the Nifty India Manufacturing Total Return Index (TRI) gained 12.3 per cent during the year, actively managed manufacturing funds delivered an average return of just 2.6 per cent. Every fund in the category lagged the benchmark, with returns ranging from a high of 9 per cent to a low of minus 6 per cent. ICICI Prudential Manufacturing Fund topped the charts with a 9 per cent return, followed by Kotak Manufacturing Fund at 7.5 per cent, while Quant Manufacturing Fund (-6.1 per cent) and Invesco India Manufacturing Fund (-6 per cent) were the bottom performers.

Currently, 12 of the 20 manufacturing funds are actively managed, while the rest are passive. These funds focus on companies positioned to benefit from the growth of manufacturing in India. Fund managers bet on sectors such as automobiles and auto ancillaries, chemicals, pharmaceuticals, capital goods and engineering, food and beverages, textiles, consumer durables, building materials, defence and aerospace, and industrials.

Lower large-cap exposure hurts

One of the main reasons for the underperformance of active manufacturing funds was their relatively higher allocation to mid- and small-cap stocks compared with the Nifty Manufacturing index. Reflecting broader market trends, large-cap manufacturing stocks performed strongly in 2025, while small-cap names delivered suboptimal or negative returns, dragging down fund performance. As of November 2025, the Nifty Manufacturing index had a large-, mid- and small-cap allocation of 73 per cent, 26 per cent and 2 per cent, respectively. In contrast, active manufacturing funds held large-cap exposure ranging from 18 per cent to 56 per cent. Quant Manufacturing Fund, the worst performer in 2025, had the lowest large-cap allocation. In comparison, top performers such as ICICI Prudential, Kotak, HDFC and Baroda BNP Paribas Manufacturing Funds held large-cap allocations in the 44–50 per cent range.

Sectors that worked

Automobiles, metals, power, capital goods and defence manufacturing were the key contributors in 2025. In automobiles, Maruti Suzuki and Mahindra & Mahindra led gains, supported by GST-led consumption optimism, easing supply-chain pressures and improving export sentiment. In metals, Hindalco Industries, Tata Steel and Vedanta benefited from firm commodity prices and improved profitability. Within capital goods, Cummins India stood out, while TD Power Systems delivered outsized gains in electrical equipment despite being a small-cap stock. Adani Power supported returns from the power segment, and defence stocks, led by Bharat Electronics, added to performance on strong order inflows.

What hurt returns

Small-cap stocks were the biggest detractors for manufacturing funds, particularly in pharmaceuticals, industrial manufacturing, auto components and consumer durables. Several stocks posted steep double-digit losses despite meaningful portfolio weights.

The pharmaceutical segment was a major drag. Sun Pharma (-9 per cent) weighed on returns due to its large allocation, while small-cap names such as Piramal Pharma (-35 per cent), Solara Active Pharma Sciences (-17 per cent) and Shilpa Medicare (-21 per cent) reflected weak pricing power and regulatory pressures.

Industrial manufacturing was another weak pocket. Stocks such as Praj Industries (-61 per cent), Cyient DLM (-38 per cent) and LMW (-15 per cent) saw sharp corrections. Small-cap auto component players, including Sona BLW Precision Forgings (-19 per cent) and Tube Investments of India (-27 per cent), further dragged returns. Consumer durables also underperformed, with Voltas (-24 per cent), Blue Star (-19 per cent) and Cello World (-28 per cent) facing demand softness and valuation compression.

How winners and laggards fared

ICICI Prudential Manufacturing Fund, the top performer in 2025, benefited largely from its pronounced underweight to FMCG and pharmaceutical stocks, which helped it withstand the broader correction. The fund also had notable allocations to large- and mid-cap stocks across automobiles (Maruti Suzuki and Eicher Motors), metals (National Aluminium Company and Hindalco Industries), and consumer durables (Titan Company and Asian Paints). Currently, the fund is overweight in capital goods, agrochemicals and cement, while remaining underweight in defence.

Kotak Manufacturing Fund benefited mainly from its exposure to large-cap automobile, metal and defence stocks. In contrast, pharma, capital goods and consumer durables emerged as the biggest sectoral drags for the fund. Over the last three months, the fund increased its allocation to Britannia Industries, TVS Motor Company, Maruti Suzuki India, and The India Cements.

Quant Manufacturing Fund was the bottom performer in 2025. Its was dragged down mainly by concentrated exposure to small-cap cyclicals, led by chemicals and petrochemicals, where stocks such as Aarti Industries, BASF India and Laxmi Organic Industries posted steep losses. Fertilisers and agrochemicals, pharmaceuticals, and consumer-facing stocks such as ITC and Bata India also weighed on returns. Sharp corrections in textiles, retail and telecom further compounded the downside, offsetting gains from large-cap industrial, energy and defence holdings.

What should investors do?

Investors should remember that sectoral and thematic funds are cyclical in nature and inherently risky, as they can go through prolonged phases of underperformance. The manufacturing theme delivered suboptimal returns between 2019 and 2022, strong performance in 2023 and 2024, and turned into a mediocre performer in 2025.

That said, over the long term, the manufacturing theme has delivered reasonable returns. Ten-year rolling return analysis based on the past 20 years shows that the Nifty India Manufacturing TRI delivered a compounded annualised return of 12.7 per cent, marginally higher than the Nifty 500 TRI’s 12.5 per cent.

Most manufacturing-focused schemes have a short track record of less than three years and are yet to prove their consistency. High-risk investors with a good understanding of equity market cycles may consider allocating a small portion of their portfolio to top-performing manufacturing funds including ICICI Prudential Manufacturing and Kotak Manufacturing Fund, with a minimum investment horizon of seven years or longer.

Published on January 10, 2026

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Mutual Funds returns

by Hansraj Agrawal | Jan 10, 2026 | Share Market

EQUITY – VALUE FUNDS

Bandhan Value Fund

149.2

10463

1.7

0.7

4.5

16.7

20.7

15.5

0.74

HYBRID – AGGRESSIVE HYBRID FUNDS

BOI AXA Mid & Small Cap Eq&Debt

37.8

1349

2.0

0.7

0.1

17.9

18.4

–

0.55

EQUITY – LARGE CAP FUNDS

Canara Robeco Large Cap Fund

63.9

17493

1.6

0.5

6.8

15.1

13.2

14.5

0.51

HYBRID – EQUITY SAVINGS FUNDS

Edelweiss Equity Savings Fund

26.0

1195

1.6

0.6

7.6

11.1

9.4

9.2

0.84

HYBRID – BALANCED ADVANTAGE FUNDS

HDFC Balanced Advantage Fund

530.0

108205

1.3

0.7

7.5

17.4

18.7

15.3

0.99

EQUITY – TAX SAVING (ELSS) FUNDS

HDFC ELSS Tax saver

1442.7

17163

1.7

1.1

9.9

20.5

20.7

14.8

0.89

EQUITY – FLEXI CAP FUNDS

HDFC Flexi Cap Fund

2064.5

96295

1.4

0.7

12.1

21.2

22.6

17.1

0.92

EQUITY – FOCUSED FUNDS

HDFC Focused Fund

238.0

26537

1.6

0.6

11.8

20.9

23.3

14.9

1.00

EQUITY – LARGE & MID CAP FUNDS

HDFC Large and Mid Cap Fund

344.5

28980

1.6

0.8

6.3

19.8

20.6

15.6

0.73

EQUITY – MID CAP FUNDS

HDFC Mid Cap Fund

201.3

92642

1.4

0.7

8.5

24.8

24.1

18.3

0.85

HYBRID – BALANCED ADVANTAGE FUNDS

ICICI Prudential Balanced Advantage Fund

77.3

70535

1.4

0.9

11.9

13.5

12.3

11.7

0.99

EQUITY – DIVIDEND YIELD FUNDS

ICICI Prudential Dividend Yield Equity Fund

54.3

6400

1.8

0.6

10.9

22.8

23.5

16.7

0.97

HYBRID – AGGRESSIVE HYBRID FUNDS

ICICI Prudential Equity & Debt Fund

407.2

49641

1.5

0.9

12.3

18.9

20.7

16.3

1.06

EQUITY – FOCUSED FUNDS

ICICI Prudential Focused Equity Fund

97.2

14569

1.7

0.6

16.4

22.8

20.6

16.7

0.79

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

ICICI Prudential Infrastructure Fund

194.0

8134

1.9

1.2

6.6

24.1

28.6

17.7

1.04

EQUITY – LARGE & MID CAP FUNDS

ICICI Prudential Large & Mid Cap Fund

1038.7

27745

1.6

0.8

11.6

20.7

21.8

16.3

0.88

EQUITY – LARGE CAP FUNDS

ICICI Prudential Large Cap Fund

113.8

78502

1.4

0.9

10.6

17.6

16.8

15.2

0.70

EQUITY – SECTOR – IT FUNDS

ICICI Prudential Technology Fund

207.5

15892

1.7

1.0

-2.5

15.8

14.8

17.8

0.45

EQUITY – VALUE FUNDS

ICICI Prudential Value Fund

491.5

61272

1.5

1.0

12.1

20.5

21.7

16.2

1.01

HYBRID – CONSERVATIVE HYBRID FUNDS

Kotak Debt Hybrid Fund

59.2

3108

1.7

0.5

4.6

9.7

9.1

9.5

0.82

EQUITY – MID CAP FUNDS

Motilal Oswal Midcap Fund

98.5

36880

1.6

0.7

-8.4

24.8

26.3

17.3

0.75

EQUITY – SECTOR – BANKING FUNDS

Nippon India Banking & Financial Services Fund

658.4

7778

1.8

1.0

18.7

17.0

19.1

15.2

0.60

EQUITY – THEMATIC – CONSUMPTION FUNDS

Nippon India Consumption Fund

193.7

2761

1.9

0.6

-1.0

14.9

17.1

12.9

0.63

EQUITY – MID CAP FUNDS

Nippon India Growth Mid Cap Fund

4186.3

42124

1.5

0.7

5.3

24.5

23.0

18.2

0.75

EQUITY – LARGE CAP FUNDS

Nippon India Large Cap Fund

92.4

50876

1.5

0.7

8.5

18.7

18.9

15.1

0.74

EQUITY – SMALL CAP FUNDS

Nippon India Small Cap Fund

162.0

68287

1.4

0.6

-4.8

20.2

25.3

19.5

0.71

EQUITY – FLEXI CAP FUNDS

Parag Parikh Flexi Cap Fund

86.1

133309

1.3

0.6

7.5

21.7

19.2

17.6

0.79

HYBRID – AGGRESSIVE HYBRID FUNDS

Quant Aggressive Hybrid Fund

428.1

2078

2.1

0.8

8.5

11.2

16.6

15.4

0.65

EQUITY – TAX SAVING (ELSS) FUNDS

Quant ELSS Tax Saver Fund

368.5

12403

1.7

0.7

6.2

14.0

20.4

19.4

0.61

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Quant Infrastructure Fund

36.3

3080

2.0

0.7

-3.8

14.5

24.4

18.2

0.66

EQUITY – SMALL CAP FUNDS

Quant Small Cap Fund

245.9

29785

1.6

0.8

-4.6

18.9

27.1

18.7

0.69

HYBRID – CONSERVATIVE HYBRID FUNDS

SBI Conservative Hybrid Fund

74.2

9851

1.5

1.1

6.8

9.8

9.3

9.0

0.96

EQUITY – TAX SAVING (ELSS) FUNDS

SBI ELSS Tax Saver Fund

443.8

32609

1.6

0.9

5.4

22.7

20.1

15.3

0.78

HYBRID – EQUITY SAVINGS FUNDS

Sundaram Equity Savings Fund

71.7

1207

2.1

0.6

6.2

11.1

10.6

9.7

0.76

EQUITY – FOCUSED FUNDS

360 ONE Focused Fund

46.7

7229

1.8

0.8

4.8

15.3

14.8

16.1

0.52

HYBRID – BALANCED ADVANTAGE FUNDS

Aditya Birla SL Bal Advantage

109.1

8944

1.8

0.7

9.2

12.8

10.9

11.3

0.68

EQUITY – LARGE CAP FUNDS

Aditya Birla Sun Life Large Cap Fund

541.0

31386

1.6

1.0

8.9

15.4

14.5

13.4

0.56

EQUITY – SMALL CAP FUNDS

AXIS Small Cap Fund

102.6

26547

1.6

0.6

-2.2

17.4

20.1

17.7

0.67

EQUITY – TAX SAVING (ELSS) FUNDS

Bandhan ELSS Tax Saver Fund

155.4

7333

1.7

0.7

7.0

15.0

17.8

15.2

0.64

EQUITY – LARGE & MID CAP FUNDS

Bandhan Large & Mid Cap Fund

137.1

13636

1.7

0.6

7.7

22.5

20.4

16.2

0.72

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

BOI AXA Manufacturing & Infra

58.4

674

2.2

0.6

8.0

24.0

23.7

17.4

0.69

EQUITY – THEMATIC – CONSUMPTION FUNDS

Canara Robeco Consumer Trends Fund

108.8

2025

2.1

0.8

2.6

15.6

15.3

16.1

0.55

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Canara Robeco Infrastructure Fund

155.0

894

2.3

1.0

1.7

23.0

24.6

15.4

0.77

EQUITY – TAX SAVING (ELSS) FUNDS

DSP ELSS Tax Saver Fund

143.6

17570

1.6

0.7

8.1

19.3

18.3

16.4

0.68

EQUITY – SMALL CAP FUNDS

DSP Small Cap Fund

192.2

17010

1.7

0.8

-2.3

19.0

20.9

15.9

0.60

HYBRID – AGGRESSIVE HYBRID FUNDS

Edelweiss Aggressive Hybrid Fund

64.0

3480

1.9

0.4

5.4

16.1

15.4

12.9

0.74

HYBRID – BALANCED ADVANTAGE FUNDS

Edelweiss Balanced Advantage Fund

52.1

13376

1.7

0.5

6.6

12.4

11.0

11.1

0.59

EQUITY – MID CAP FUNDS

Edelweiss Mid Cap Fund

102.8

13650

1.7

0.4

5.1

25.2

22.9

18.2

0.73

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Franklin Build India Fund

140.3

3036

2.0

1.0

3.6

24.8

17.7

0.80

EQUITY – DIVIDEND YIELD FUNDS

Franklin India Dividend Yield Fund

139.0

2402

2.1

1.2

1.8

17.1

18.2

15.9

0.86

EQUITY – TAX SAVING (ELSS) FUNDS

Franklin India ELSS Tax Saver Fund

1475.6

6693

1.8

1.0

2.8

17.5

17.3

13.8

0.62

EQUITY – FLEXI CAP FUNDS

Franklin India Flexi Cap Fund

1644.5

19972

1.7

0.9

4.2

17.6

18.0

14.5

0.65

EQUITY – FOCUSED FUNDS

Franklin India Focused Equity Fund

109.2

12649

1.8

1.0

6.4

15.1

17.3

14.7

0.63

HYBRID – CONSERVATIVE HYBRID FUNDS

HDFC Hybrid Debt Fund

83.2

3354

1.8

1.2

5.4

9.7

9.4

9.0

0.94

EQUITY – LARGE CAP FUNDS

HDFC Large Cap Fund

1170.7

40604

1.6

1.0

7.8

15.6

16.3

14.2

0.64

EQUITY – VALUE FUNDS

HSBC Value Fund

112.4

14753

1.7

0.8

8.0

22.3

21.2

16.1

0.69

HYBRID – CONSERVATIVE HYBRID FUNDS

ICICI Prudential Regular Savings Fund

77.7

3359

1.7

1.0

7.5

10.0

8.9

9.5

1.04

EQUITY – SECTOR – BANKING FUNDS

Invesco India Financial Services Fund

144.2

1599

2.1

0.8

16.8

20.2

16.6

16.3

0.48

HYBRID – AGGRESSIVE HYBRID FUNDS

JM Aggressive Hybrid Fund

118.2

785

2.3

0.7

-2.1

17.3

15.7

12.7

0.62

EQUITY – FLEXI CAP FUNDS

JM Flexicap Fund

94.6

5463

1.8

0.6

-6.5

19.3

18.2

16.8

0.63

HYBRID – AGGRESSIVE HYBRID FUNDS

Kotak Aggressive Hybrid Fund

62.8

8509

1.7

0.5

4.1

14.5

14.4

13.4

0.65

HYBRID – EQUITY SAVINGS FUNDS

Kotak Equity Savings Fund

27.1

9651

1.8

0.7

7.8

11.3

10.2

9.5

0.88

EQUITY – LARGE CAP FUNDS

Kotak Large Cap Fund

586.2

11087

1.7

0.6

8.5

15.1

14.1

13.7

0.53

EQUITY – TAX SAVING (ELSS) FUNDS

Mirae Asset ELSS Tax Saver Fund

50.1

27196

1.5

0.6

9.5

16.8

15.9

17.6

0.58

EQUITY – TAX SAVING (ELSS) FUNDS

Motilal Oswal ELSS Tax Saver Fund

49.4

4341

1.8

0.6

-7.3

21.9

18.4

16.2

0.48

HYBRID – BALANCED ADVANTAGE FUNDS

Nippon India Balanced Advantage Fund

179.7

9725

1.7

0.6

6.6

12.1

11.0

0.70

EQUITY – FOCUSED FUNDS

Nippon India Focused Fund

122.6

8790

1.8

1.1

8.4

14.7

16.2

13.6

0.58

EQUITY – VALUE FUNDS

Nippon India Value Fund

229.3

9153

1.8

1.1

5.1

21.4

20.1

15.8

0.70

EQUITY – LARGE & MID CAP FUNDS

Nippon India Vision Large & Mid Cap Fund

1478.6

6896

1.9

1.2

5.6

20.5

18.0

13.9

0.65

EQUITY – FLEXI CAP FUNDS

PGIM India Flexi Cap Fund

36.4

6268

1.8

0.4

5.2

12.6

13.0

13.9

0.44

EQUITY – MID CAP FUNDS

PGIM India Midcap Fund

63.0

11266

1.7

0.5

0.7

12.9

16.9

15.1

0.57

EQUITY – MID CAP FUNDS

Quant Mid Cap Fund

201.4

8057

1.8

0.8

-7.9

12.9

19.5

16.0

0.61

EQUITY – TAX SAVING (ELSS) FUNDS

Quantum ELSS Tax Saver Fund

125.5

227

2.1

0.9

4.1

16.2

14.7

12.7

0.65

EQUITY – THEMATIC – CONSUMPTION FUNDS

SBI Consumption Opportunities Fund

299.8

3162

2.0

0.9

-7.3

13.6

16.6

15.0

0.61

HYBRID – EQUITY SAVINGS FUNDS

SBI Equity Savings Fund

24.3

5919

1.6

1.0

5.4

11.2

9.2

9.0

0.62

EQUITY – LARGE & MID CAP FUNDS

SBI Large & Midcap Fund

644.6

37443

1.6

0.7

10.7

17.5

18.3

15.2

0.72

EQUITY – LARGE CAP FUNDS

SBI Large Cap Fund

95.7

55879

1.5

0.8

9.7

14.4

13.8

13.2

0.55

EQUITY – MID CAP FUNDS

SBI Midcap Fund

232.3

23315

1.7

0.8

-0.1

17.2

18.9

14.4

0.68

EQUITY – SECTOR – IT FUNDS

SBI Technology Opportunities Fund

225.9

5229

1.9

0.9

1.3

17.6

16.9

17.5

0.55

EQUITY – SECTOR – BANKING FUNDS

Sundaram Financial Services Opportunities Fund

110.6

1661

2.1

0.8

18.4

18.5

16.5

15.9

0.51

EQUITY – FLEXI CAP FUNDS

Union Flexi Cap Fund

51.2

2402

2.0

0.9

3.9

14.8

14.6

13.6

0.52

HYBRID – AGGRESSIVE HYBRID FUNDS

UTI Aggressive Hybrid Fund

413.8

6758

1.9

1.2

6.1

16.2

16.0

12.8

0.77

EQUITY – LARGE & MID CAP FUNDS

UTI Large & Mid Cap Fund

185.1

5635

1.9

0.9

7.5

21.5

20.4

15.0

0.75

EQUITY – SECTOR – BANKING FUNDS

Aditya Birla SL Bank & Fin Serv

64.1

3694

2.0

1.0

18.7

15.9

14.4

14.9

0.42

EQUITY – THEMATIC – CONSUMPTION FUNDS

Aditya Birla Sun Life Consumption Fund

214.8

6521

1.8

0.8

2.8

14.7

14.6

15.1

0.52

EQUITY – SECTOR – IT FUNDS

Aditya Birla Sun Life Digital India Fund

175.0

4837

1.9

0.8

-5.3

14.5

13.7

17.2

0.42

EQUITY – FLEXI CAP FUNDS

Aditya Birla Sun Life Flexi Cap Fund

1861.2

25098

1.7

0.9

10.3

17.8

15.0

14.9

0.54

EQUITY – FOCUSED FUNDS

Aditya Birla Sun Life Focused Fund

148.4

8209

1.8

0.9

10.2

16.8

14.6

13.7

0.55

HYBRID – CONSERVATIVE HYBRID FUNDS

Aditya Birla Sun Life Regular Savings Fund

68.5

1541

1.8

0.9

7.5

9.0

8.6

8.7

0.88

HYBRID – BALANCED ADVANTAGE FUNDS

Axis Balanced Advantage Fund

21.5

3816

1.9

0.7

6.3

14.4

11.1

–

0.65

HYBRID – AGGRESSIVE HYBRID FUNDS

Bandhan Aggressive Hybrid Fund

26.7

1576

2.1

0.7

8.6

15.6

14.2

–

0.58

EQUITY – FOCUSED FUNDS

Bandhan Focused Fund

86.5

2059

2.1

0.8

-0.9

18.6

13.5

13.4

0.45

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Bandhan Infrastructure Fund

46.9

1522

2.1

0.9

-6.7

22.9

24.4

15.5

0.65

EQUITY – LARGE CAP FUNDS

Bandhan Large Cap Fund

79.2

2051

2.0

0.9

8.6

17.1

14.0

13.8

0.50

EQUITY – TAX SAVING (ELSS) FUNDS

Bank of India ELSS Tax Saver

157.2

1402

2.0

0.8

-3.1

15.6

15.7

15.9

0.46

HYBRID – AGGRESSIVE HYBRID FUNDS

Baroda BNP Paribas Aggressive Hybrid Fund

28.1

1269

2.1

0.5

3.5

13.7

12.6

–

0.54

EQUITY – LARGE CAP FUNDS

Baroda BNP Paribas Large Cap Fund

223.2

2702

2.0

0.8

4.6

15.5

13.7

13.2

0.51

EQUITY – MID CAP FUNDS

Baroda BNP Paribas Mid Cap Fund

103.7

2313

2.0

0.6

3.8

20.3

19.5

15.2

0.64

HYBRID – CONSERVATIVE HYBRID FUNDS

Canara Robeco Conservative Hybrid Fund

97.3

911

1.8

0.7

4.3

7.9

7.1

7.9

0.59

EQUITY – TAX SAVING (ELSS) FUNDS

Canara Robeco ELSS Tax Saver

177.2

9022

1.7

0.5

5.2

14.9

14.2

14.9

0.54

HYBRID – AGGRESSIVE HYBRID FUNDS

Canara Robeco Equity Hybrid Fund

365.2

11393

1.7

0.6

6.7

13.4

12.1

12.5

0.54

EQUITY – FLEXI CAP FUNDS

Canara Robeco Flexi Cap Fund

344.1

13760

1.7

0.5

6.9

15.2

14.0

14.4

0.52

EQUITY – LARGE & MID CAP FUNDS

Canara Robeco Large and Mid Cap Fund

249.5

25626

1.6

0.6

0.3

15.6

14.8

15.0

0.52

HYBRID – AGGRESSIVE HYBRID FUNDS

DSP Aggressive Hybrid Fund

359.6

12105

1.7

0.7

5.8

16.0

12.7

12.8

0.55

HYBRID – BALANCED ADVANTAGE FUNDS

DSP Dynamic Asset Allocation Fund

28.4

3690

1.9

0.7

8.1

12.6

9.0

9.3

0.57

HYBRID – EQUITY SAVINGS FUNDS

DSP Equity Savings Fund

22.2

3936

1.5

0.6

6.0

9.9

9.1

–

0.81

EQUITY – FLEXI CAP FUNDS

DSP Flexi Cap Fund

103.5

12371

1.7

0.7

4.5

17.5

14.4

14.6

0.49

EQUITY – FOCUSED FUNDS

DSP Focused Fund

55.7

2707

2.0

0.9

7.3

19.5

13.8

13.0

0.51

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

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

309.4

5419

1.9

0.7

-1.0

23.1

25.3

16.5

0.75

EQUITY – LARGE & MID CAP FUNDS

DSP Large & Mid Cap Fund

638.0

17215

1.7

0.6

7.8

19.9

17.9

16.0

0.65

EQUITY – LARGE CAP FUNDS

DSP Large Cap Fund

479.6

7187

1.8

0.8

7.3

17.4

13.8

12.5

0.55

HYBRID – CONSERVATIVE HYBRID FUNDS

DSP Regular Savings Fund

60.0

184

1.2

0.5

7.3

9.9

8.0

7.3

0.72

EQUITY – FLEXI CAP FUNDS

Edelweiss Flexi Cap Fund

39.4

3127

1.9

0.4

6.7

19.0

17.1

15.2

0.58

EQUITY – LARGE & MID CAP FUNDS

Edelweiss Large & Mid Cap Fund

88.8

4517

1.8

0.4

4.8

18.3

17.1

15.3

0.59

EQUITY – LARGE CAP FUNDS

Edelweiss Large Cap Fund

86.0

1456

2.1

0.6

7.1

15.1

13.6

0.51

HYBRID – AGGRESSIVE HYBRID FUNDS

Franklin India Aggressive Hybrid Fund

271.7

2380

2.0

0.9

3.9

14.0

13.0

11.8

0.61

HYBRID – CONSERVATIVE HYBRID FUNDS

Franklin India Conservative Hybrid Fund

92.0

214

1.4

0.8

5.9

9.1

7.6

0.68

EQUITY – LARGE CAP FUNDS

Franklin India Large Cap Fund

1061.0

7972

1.9

1.1

8.4

15.1

13.6

12.3

0.51

HYBRID – EQUITY SAVINGS FUNDS

HDFC Equity Savings Fund

67.6

5897

1.9

0.9

6.9

10.1

10.2

9.9

0.82

HYBRID – AGGRESSIVE HYBRID FUNDS

HDFC Hybrid Equity Fund

119.1

24528

1.7

1.0

5.6

11.5

13.1

11.3

0.63

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

HDFC Infrastructure Fund

46.7

2452

2.1

1.1

3.6

24.4

25.9

11.8

0.80

EQUITY – SMALL CAP FUNDS

HDFC Small Cap Fund

135.8

37753

1.5

0.7

-0.5

19.3

23.1

17.6

0.69

EQUITY – VALUE FUNDS

HDFC Value Fund

763.6

7652

1.8

1.0

9.2

18.9

17.9

14.5

0.64

HYBRID – CONSERVATIVE HYBRID FUNDS

HSBC Conservative Hybrid Fund

61.0

146

2.2

1.2

2.3

9.5

7.2

7.5

0.44

HYBRID – EQUITY SAVINGS FUNDS

HSBC Equity Savings Fund

34.0

786

1.5

0.7

2.0

13.3

11.0

8.9

0.56

EQUITY – FLEXI CAP FUNDS

HSBC Flexi Cap Fund

219.4

5227

1.9

1.2

2.3

19.0

16.0

13.8

0.49

EQUITY – SMALL CAP FUNDS

HSBC Small Cap Fund

76.2

15969

1.7

0.6

-11.2

17.1

22.5

17.3

0.59

EQUITY – SECTOR – BANKING FUNDS

ICICI Prudential Banking & Financial Services Fund

138.0

11154

1.8

1.0

16.7

14.9

14.7

15.2

0.48

EQUITY – TAX SAVING (ELSS) FUNDS

ICICI Pru Long Term Equity

951.4

14769

1.7

1.1

9.0

15.9

15.4

13.5

0.59

HYBRID – EQUITY SAVINGS FUNDS

ICICI Prudential Equity Savings Fund

23.2

18060

1.0

0.5

7.6

8.6

8.4

8.5

1.30

EQUITY – MID CAP FUNDS

ICICI Prudential Midcap Fund

309.3

7132

1.9

1.0

12.0

22.4

20.9

16.2

0.68

EQUITY – SMALL CAP FUNDS

ICICI Prudential Smallcap Fund

84.2

8428

1.8

0.8

-0.7

16.0

20.3

15.8

0.72

HYBRID – BALANCED ADVANTAGE FUNDS

Invesco India Balanced Advantage Fund

54.3

1126

2.1

0.8

2.9

12.3

10.2

9.8

0.50

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Invesco India Infrastructure Fund

58.7

1417

2.1

0.8

-7.6

21.5

22.3

16.3

0.64

EQUITY – LARGE & MID CAP FUNDS

Invesco India Large & Mid Cap Fund

98.7

9344

1.8

0.6

5.6

22.9

18.3

16.2

0.59

EQUITY – LARGE CAP FUNDS

Invesco India Largecap Fund

70.0

1718

2.0

0.7

5.3

17.0

14.9

13.5

0.51

EQUITY – MID CAP FUNDS

Invesco India Midcap Fund

179.5

10296

1.7

0.5

7.0

26.0

22.2

17.9

0.68

EQUITY – TAX SAVING (ELSS) FUNDS

JM ELSS Tax Saver Fund

48.8

226

2.4

1.0

0.6

19.0

16.6

16.2

0.56

EQUITY – VALUE FUNDS

JM Value Fund

93.3

957

2.2

1.0

-5.2

19.4

18.4

16.6

0.62

EQUITY – TAX SAVING (ELSS) FUNDS

Kotak ELSS Tax Saver Fund

116.1

6452

1.8

0.6

3.2

14.8

15.7

14.8

0.54

EQUITY – FLEXI CAP FUNDS

Kotak Flexicap Fund

86.6

56460

1.4

0.6

10.5

16.2

14.7

14.6

0.52

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Kotak Infra & Economic Reform

64.1

2353

2.0

0.7

-2.4

19.3

24.0

16.0

0.71

EQUITY – LARGE & MID CAP FUNDS

Kotak Large & Midcap Fund

349.9

30039

1.6

0.6

7.4

18.8

17.5

16.1

0.62

EQUITY – MID CAP FUNDS

Kotak Midcap Fund

135.1

60637

1.4

2.8

20.8

20.9

17.8

0.68

EQUITY – SMALL CAP FUNDS

Kotak Small Cap Fund

243.2

17258

1.7

-10.3

14.3

18.5

16.5

0.57

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

LIC MF Infrastructure Fund

48.5

1003

2.2

0.8

-3.3

26.3

25.1

16.1

0.69

EQUITY – TAX SAVING (ELSS) FUNDS

Mahindra Manulife ELSS Tax Saver Fund

28.9

973

2.1

0.6

7.3

14.5

15.5

–

0.56

HYBRID – EQUITY SAVINGS FUNDS

Mahi Manu Eq Sav Dhan San Yojana

21.1

567

2.4

0.7

6.9

9.8

9.1

–

0.56

EQUITY – MID CAP FUNDS

Mahindra Manulife Mid Cap Fund

33.7

4295

1.8

0.5

3.7

23.9

22.2

–

0.67

HYBRID – AGGRESSIVE HYBRID FUNDS

Mirae Asset Aggressive Hybrid Fund

33.1

9538

1.7

0.4

9.7

13.5

12.6

13.0

0.56

EQUITY – THEMATIC – CONSUMPTION FUNDS

Mirae Asset Great Consumer Fund

92.0

4754

1.8

0.4

16.2

16.6

15.9

0.57

EQUITY – LARGE & MID CAP FUNDS

Mirae Asset Large & Midcap Fund

154.8

43766

1.5

0.6

9.5

16.7

16.0

17.4

0.56

EQUITY – LARGE CAP FUNDS

Mirae Asset Large Cap Fund

115.8

41802

1.5

0.5

9.5

12.9

12.7

14.0

0.49

EQUITY – FLEXI CAP FUNDS

Motilal Oswal Flexi Cap Fund

60.4

13862

1.7

0.9

-2.1

22.2

14.2

13.3

0.43

HYBRID – AGGRESSIVE HYBRID FUNDS

Nippon India Aggressive Hybrid Fund

106.3

4102

2.0

1.1

6.4

14.7

15.0

10.2

0.68

EQUITY – TAX SAVING (ELSS) FUNDS

Nippon India ELSS Tax Saver Fund

129.1

15260

1.7

1.0

7.1

16.5

17.6

11.4

0.62

EQUITY – TAX SAVING (ELSS) FUNDS

PGIM India ELSS Tax Saver Fund

34.4

768

2.2

0.7

0.9

11.2

13.9

13.0

0.53

EQUITY – FOCUSED FUNDS

Quant Focused Fund

84.8

914

2.3

0.8

0.9

13.0

15.3

13.7

0.50

EQUITY – LARGE & MID CAP FUNDS

Quant Large & Mid Cap Fund

110.3

3375

1.9

0.8

-4.8

13.4

16.7

15.5

0.54

EQUITY – SECTOR – BANKING FUNDS

SBI Banking & Financial Services Fund

45.4

10106

1.8

0.7

22.4

19.4

15.8

17.6

0.48

HYBRID – AGGRESSIVE HYBRID FUNDS

SBI Equity Hybrid Fund

307.4

82847

1.4

0.7

12.3

14.0

12.7

12.3

0.63

EQUITY – FOCUSED FUNDS

SBI Focused Fund

378.3

43173

1.5

0.8

15.5

18.4

16.0

15.2

0.60

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

SBI Infrastructure Fund

48.4

4727

1.9

1.1

-0.2

20.2

22.0

16.0

0.75

HYBRID – AGGRESSIVE HYBRID FUNDS

Sundaram Aggressive Hybrid Fund

163.5

7846

1.8

0.6

4.7

12.3

12.2

12.6

0.55

EQUITY – TAX SAVING (ELSS) FUNDS

Sundaram ELSS Tax Saver Fund

516.5

1402

2.2

1.7

6.8

14.7

15.1

14.2

0.57

EQUITY – FOCUSED FUNDS

Sundaram Focused Fund

160.6

1103

2.3

1.3

2.1

13.7

13.5

13.8

0.46

EQUITY – MID CAP FUNDS

Sundaram Mid Cap Fund

1412.1

13293

1.7

0.9

5.2

23.8

21.1

15.2

0.68

EQUITY – SMALL CAP FUNDS

Sundaram Small Cap Fund

257.5

3401

1.9

0.9

1.2

19.8

21.1

13.6

0.59

EQUITY – SECTOR – BANKING FUNDS

Tata Banking and Financial Services Fund

45.0

3225

1.9

0.4

19.4

15.8

14.5

16.3

0.45

HYBRID – EQUITY SAVINGS FUNDS

Tata Equity Savings Fund

56.4

278

1.1

0.5

6.6

9.9

8.5

7.8

0.77

EQUITY – THEMATIC – CONSUMPTION FUNDS

Tata India Consumer Fund

43.8

2671

2.0

0.7

-2.8

17.7

15.2

15.9

0.49

EQUITY – LARGE & MID CAP FUNDS

Tata Large & Mid Cap Fund

512.8

8683

1.8

0.7

2.0

12.3

14.6

13.3

0.55

EQUITY – LARGE CAP FUNDS

Tata Large Cap Fund

516.3

2840

2.0

1.0

8.5

14.5

14.7

12.8

0.57

EQUITY – MID CAP FUNDS

Tata Mid Cap Fund

446.0

5497

1.8

0.6

6.8

21.6

19.3

15.9

0.65

EQUITY – VALUE FUNDS

Templeton India Value Fund

727.0

2326

2.0

0.9

5.5

17.1

20.6

14.9

0.77

HYBRID – BALANCED ADVANTAGE FUNDS

Union Balanced Advantage Fund

20.5

1347

2.2

1.0

5.6

10.0

8.0

–

0.47

EQUITY – TAX SAVING (ELSS) FUNDS

Union ELSS Tax Saver Fund

65.1

904

2.3

1.3

5.1

14.8

15.1

13.1

0.55

EQUITY – SMALL CAP FUNDS

Union Small Cap Fund

47.6

1744

2.1

1.0

-3.9

17.7

20.1

14.6

0.54

HYBRID – CONSERVATIVE HYBRID FUNDS

UTI Conservative Hybrid Fund

70.2

1703

1.8

1.3

5.8

9.4

8.6

8.3

0.79

EQUITY – DIVIDEND YIELD FUNDS

UTI Dividend Yield Fund

180.1

3946

2.0

1.5

5.1

20.3

17.1

14.9

0.65

EQUITY – LARGE CAP FUNDS

UTI Large Cap Fund

279.2

13322

1.7

0.9

7.1

12.9

12.1

12.7

0.44

EQUITY – MID CAP FUNDS

UTI Mid Cap Fund

299.9

11956

1.8

0.9

0.8

16.7

16.5

14.2

0.52

EQUITY – VALUE FUNDS

UTI Value Fund

171.9

10151

1.8

1.2

6.9

18.1

16.5

14.7

0.63

HYBRID – BALANCED ADVANTAGE FUNDS

UTI-Unit Linked Insurance Plan

42.0

5212

1.7

1.0

4.4

9.3

7.4

8.0

0.42

EQUITY – DIVIDEND YIELD FUNDS

Aditya Birla Sun Life Dividend Yield Fund

456.1

1511

2.2

1.4

3.1

18.5

13.2

0.63

HYBRID – AGGRESSIVE HYBRID FUNDS

Aditya Birla Sun Life Equity Hybrid ’95 Fund

1554.3

7533

1.9

1.1

6.7

14.2

11.9

10.8

0.49

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Aditya Birla Sun Life Infrastructure Fund

93.2

1113

2.3

1.4

1.3

20.0

21.3

14.1

0.63

EQUITY – MID CAP FUNDS

Aditya Birla Sun Life Midcap Fund

790.8

6301

1.9

1.0

4.7

20.6

18.9

13.6

0.61

HYBRID – CONSERVATIVE HYBRID FUNDS

Axis Conservative Hybrid Fund

30.5

235

2.2

1.1

6.2

7.5

6.4

6.8

0.43

HYBRID – EQUITY SAVINGS FUNDS

Axis Equity Savings Fund

22.6

927

2.3

1.1

5.3

10.2

8.4

8.6

0.51

EQUITY – FLEXI CAP FUNDS

Axis Flexi Cap Fund

26.3

13026

1.7

0.7

2.5

14.7

11.2

–

0.34

EQUITY – MID CAP FUNDS

Axis Midcap Fund

111.4

31717

1.6

0.6

1.7

19.0

16.4

16.2

0.53

HYBRID – BALANCED ADVANTAGE FUNDS

Bandhan Balanced Advantage Fund

24.8

2309

2.0

0.8

5.5

11.4

9.0

0.42

HYBRID – EQUITY SAVINGS FUNDS

Bandhan Equity Savings Fund

31.9

399

1.1

0.2

6.1

7.8

6.9

6.6

0.68

EQUITY – FLEXI CAP FUNDS

Bandhan Flexi Cap Fund

212.3

7708

1.9

1.1

8.6

15.8

14.1

11.4

0.50

EQUITY – LARGE & MID CAP FUNDS

BOI Large & Mid Cap Equity Fund

90.0

456

2.3

0.8

6.2

16.4

15.6

13.2

0.51

EQUITY – SECTOR – BANKING FUNDS

Baroda BNP Paribas Bank&Fin Serv

49.6

373

2.4

0.8

16.7

15.9

13.2

13.5

0.39

EQUITY – TAX SAVING (ELSS) FUNDS

Baroda BNP Paribas ELSS Tax Saver Fund

98.1

941

2.2

1.0

5.2

18.8

14.3

13.0

0.48

EQUITY – FOCUSED FUNDS

Baroda BNP Paribas Focused Fund

21.8

709

2.3

0.5

2.7

14.1

12.3

–

0.38

EQUITY – TAX SAVING (ELSS) FUNDS

Edelweiss Long Term Equity

114.1

451

2.3

0.7

7.1

16.9

14.9

12.5

0.51

EQUITY – LARGE & MID CAP FUNDS

Franklin India Large & Mid Cap Fund

193.0

3674

2.0

1.3

6.3

16.9

15.4

12.6

0.55

EQUITY – MID CAP FUNDS

Franklin India Mid Cap Fund

2762.2

12831

1.8

1.0

2.2

21.7

18.3

15.3

0.59

EQUITY – SMALL CAP FUNDS

Franklin India Small Cap Fund

162.8

13238

1.8

0.9

-6.5

19.4

21.3

15.2

0.60

HYBRID – BALANCED ADVANTAGE FUNDS

HSBC Balanced Advantage Fund

43.8

1581

2.1

0.9

3.1

11.4

8.6

8.3

0.48

EQUITY – TAX SAVING (ELSS) FUNDS

HSBC ELSS Tax saver Fund

134.6

4109

1.9

1.2

2.0

19.4

15.6

14.0

0.49

EQUITY – LARGE CAP FUNDS

HSBC Large Cap Fund

491.8

1912

2.1

1.3

6.1

15.2

12.8

13.5

0.43

EQUITY – MID CAP FUNDS

HSBC Midcap Fund

395.9

12440

1.7

0.6

2.8

23.7

19.2

15.9

0.53

HYBRID – AGGRESSIVE HYBRID FUNDS

Invesco India Aggressive Hybrid Fund

22.4

828

2.2

0.7

0.3

15.5

12.4

–

0.50

EQUITY – TAX SAVING (ELSS) FUNDS

Invesco India ELSS Tax Saver Fund

122.1

2771

1.9

0.8

-3.5

16.2

13.2

13.5

0.42

EQUITY – FOCUSED FUNDS

JM Focused Fund

19.9

299

2.4

0.7

-0.8

17.3

14.0

0.45

EQUITY – LARGE CAP FUNDS

JM Large Cap Fund

156.5

464

2.4

0.8

4.6

15.0

13.8

12.0

0.48

EQUITY – TAX SAVING (ELSS) FUNDS

LIC MF ELSS Tax Saver

152.2

1097

2.2

1.0

-0.9

16.0

13.2

12.9

0.48

EQUITY – FOCUSED FUNDS

LIC MF Focused Fund

21.1

172

2.5

1.6

2.6

10.9

11.2

–

0.38

EQUITY – LARGE & MID CAP FUNDS

LIC MF Large & Midcap Fund

38.3

3116

1.9

0.6

-0.9

17.1

15.1

14.9

0.52

EQUITY – LARGE CAP FUNDS

LIC MF Large Cap Fund

56.2

1493

2.1

1.0

4.4

11.7

10.5

11.6

0.36

HYBRID – AGGRESSIVE HYBRID FUNDS

Navi Aggressive Hybrid Fund

20.9

119

2.3

0.6

4.8

12.4

11.3

–

0.51

HYBRID – CONSERVATIVE HYBRID FUNDS

Nippon India Conservative Hybrid Fund

60.1

933

1.9

1.1

9.4

9.1

8.3

5.8

1.21

EQUITY – VALUE FUNDS

Quantum Value Fund

126.5

1208

2.1

1.1

4.2

16.4

14.7

12.7

0.64

EQUITY – FLEXI CAP FUNDS

SBI Flexicap Fund

111.4

23685

1.7

0.8

4.9

13.4

13.0

12.9

0.50

EQUITY – SMALL CAP FUNDS

SBI Small Cap Fund

162.9

36268

1.6

0.7

-6.0

12.9

16.7

16.9

0.57

HYBRID – BALANCED ADVANTAGE FUNDS

Sundaram Balanced Advantage Fund

35.7

1737

2.1

0.6

5.2

10.2

9.3

8.0

0.48

EQUITY – THEMATIC – CONSUMPTION FUNDS

Sundaram Consumption Fund

95.5

1584

2.2

1.3

-2.0

15.2

14.0

0.49

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Sundaram Infrastructure Advantage Fund

94.6

947

2.4

1.9

4.3

20.8

21.1

14.2

0.66

EQUITY – LARGE & MID CAP FUNDS

Sundaram Large and Mid Cap Fund

86.6

6987

1.8

0.8

4.1

16.0

15.9

14.5

0.53

HYBRID – AGGRESSIVE HYBRID FUNDS

Tata Aggressive Hybrid Fund

445.9

4179

1.9

1.0

5.3

11.2

12.5

10.4

0.56

EQUITY – SECTOR – IT FUNDS

Tata Digital India Fund

48.3

12255

1.7

0.4

-9.0

15.4

14.3

17.1

0.42

EQUITY – TAX SAVING (ELSS) FUNDS

Tata ELSS Fund

45.3

4748

1.8

0.7

4.5

15.0

15.3

14.1

0.55

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Tata Infrastructure Fund

163.6

2016

2.1

1.1

-4.6

17.3

20.7

14.8

0.61

EQUITY – VALUE FUNDS

Tata Value Fund

355.7

9061

1.8

0.8

4.9

19.1

17.2

15.3

0.61

EQUITY – LARGE CAP FUNDS

Union Largecap Fund

23.7

471

2.5

1.7

5.0

12.3

12.0

–

0.43

EQUITY – SECTOR – BANKING FUNDS

UTI Banking and Financial Services Fund

197.7

1382

2.1

1.1

18.4

15.9

14.4

12.9

0.44

EQUITY – FLEXI CAP FUNDS

UTI Flexi Cap Fund

319.3

24903

1.7

1.0

1.3

11.7

8.9

12.7

0.28

EQUITY – THEMATIC – CONSUMPTION FUNDS

UTI India Consumer Fund

58.5

737

2.4

1.6

2.4

15.0

12.6

12.1

0.41

EQUITY – TAX SAVING (ELSS) FUNDS

Aditya Birla Sun Life ELSS Tax Saver Fund

61.9

15415

1.7

1.0

9.5

14.7

10.1

11.3

0.35

HYBRID – EQUITY SAVINGS FUNDS

Aditya Birla Sun Life Equity Savings Fund

22.8

1023

1.0

0.5

8.6

9.5

7.5

8.2

0.42

EQUITY – LARGE & MID CAP FUNDS

Aditya Birla Sun Life Large & Mid Cap Fund

908.7

5784

1.9

1.1

4.6

15.0

11.7

12.3

0.34

EQUITY – SMALL CAP FUNDS

Aditya Birla Sun Life Small Cap Fund

83.2

4938

1.9

0.9

-3.0

16.8

16.5

12.4

0.46

EQUITY – VALUE FUNDS

Aditya Birla Sun Life Value Fund

127.5

6411

1.9

1.0

2.2

19.5

17.7

12.3

0.51

EQUITY – TAX SAVING (ELSS) FUNDS

Axis ELSS Tax Saver Fund

96.1

34263

1.5

0.8

4.8

14.6

9.4

12.3

0.27

EQUITY – FOCUSED FUNDS

Axis Focused Fund

53.9

11972

1.7

0.8

4.1

11.8

7.0

12.3

0.19

EQUITY – LARGE CAP FUNDS

Axis Large Cap Fund

61.4

33556

1.6

0.7

6.6

12.6

9.4

12.7

0.30

HYBRID – CONSERVATIVE HYBRID FUNDS

Bandhan Conservative Hybrid Fund

32.7

102

2.0

1.0

6.4

7.9

5.8

6.7

0.36

HYBRID – BALANCED ADVANTAGE FUNDS

Bank of India Balanced Advantage Fund

25.7

146

2.3

1.0

8.5

10.6

7.6

0.47

HYBRID – CONSERVATIVE HYBRID FUNDS

Baroda BNP Paribas Conser Hybrid

45.5

833

2.0

0.5

5.2

8.5

6.6

7.4

0.50

EQUITY – MID CAP FUNDS

DSP Midcap Fund

148.3

19855

1.7

0.7

3.2

19.6

14.8

0.47

EQUITY – SECTOR – IT FUNDS

Franklin India Technology Fund

532.1

1996

2.1

1.0

-1.5

23.1

14.1

16.9

0.44

EQUITY – LARGE CAP FUNDS

Groww Largecap Fund

43.8

132

2.5

1.2

8.5

13.6

11.9

0.39

HYBRID – AGGRESSIVE HYBRID FUNDS

HSBC Aggressive Hybrid Fund

55.8

5569

1.9

0.8

3.2

15.2

12.0

11.0

0.40

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

HSBC Infrastructure Fund

45.3

2271

2.1

1.1

-3.0

21.3

22.4

15.6

0.64

EQUITY – THEMATIC – CONSUMPTION FUNDS

ICICI Prudential FMCG Fund

446.1

1908

2.2

1.3

-7.9

5.0

10.2

11.0

0.39

HYBRID – AGGRESSIVE HYBRID FUNDS

LIC MF Aggressive Hybrid Fund

198.8

534

2.5

1.4

5.7

13.5

10.1

9.8

0.41

EQUITY – SECTOR – BANKING FUNDS

LIC MF Banking & Financial Services Fund

22.3

279

2.5

1.2

19.3

12.5

12.7

10.7

0.37

EQUITY – FLEXI CAP FUNDS

LIC MF Flexi Cap Fund

100.4

1063

2.3

1.3

0.8

15.4

11.8

10.8

0.38

EQUITY – MID CAP FUNDS

LIC MF Midcap Fund

28.6

346

2.5

1.4

-2.9

19.3

16.2

–

0.49

EQUITY – SMALL CAP FUNDS

LIC MF Small Cap Fund

28.4

619

2.4

1.0

-15.0

16.1

20.3

–

0.55

HYBRID – BALANCED ADVANTAGE FUNDS

Motilal Oswal Balanced Advantage Fund

19.1

872

2.3

1.0

-6.6

7.5

5.6

–

0.16

EQUITY – FOCUSED FUNDS

Motilal Oswal Focused Fund

43.6

1513

2.1

1.0

-1.0

9.4

8.0

10.9

0.22

EQUITY – LARGE & MID CAP FUNDS

Navi Large & Midcap Fund

35.2

315

2.3

0.5

0.7

12.5

14.3

13.3

0.50

HYBRID – EQUITY SAVINGS FUNDS

Nippon India Equity Savings Fund

16.3

920

1.8

0.7

6.2

8.6

7.9

4.9

0.60

HYBRID – AGGRESSIVE HYBRID FUNDS

PGIM India Aggressive Hybrid Equity Fund

129.7

215

2.3

0.8

3.7

11.2

9.6

9.2

0.36

EQUITY – LARGE CAP FUNDS

PGIM India Large Cap Fund

344.4

598

2.4

0.8

7.2

11.1

10.4

11.3

0.37

EQUITY – DIVIDEND YIELD FUNDS

Sundaram Dividend Yield Fund

137.9

919

2.3

1.1

3.5

16.3

15.4

15.2

0.59

EQUITY – FLEXI CAP FUNDS

Taurus Flexi Cap Fund

220.7

357

2.6

-1.9

12.6

12.3

9.8

0.41

EQUITY – MID CAP FUNDS

Taurus Mid Cap Fund

118.1

129

2.6

2.1

1.5

15.3

15.5

14.6

0.47

EQUITY – TAX SAVING (ELSS) FUNDS

UTI ELSS Tax Saver Fund

208.0

3762

1.9

0.9

4.2

13.7

12.5

12.7

0.43

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

UTI Infrastructure Fund

140.2

2171

2.2

1.9

4.2

18.1

19.1

13.7

0.64

EQUITY – THEMATIC – MNC FUNDS

Aditya Birla Sun Life MNC Fund

–

1303.8

3577

2.0

1.3

-2.1

12.0

7.6

8.5

0.27

HYBRID – AGGRESSIVE HYBRID FUNDS

Axis Aggressive Hybrid Fund

–

20.7

1550

2.2

1.1

5.4

11.6

9.5

–

0.36

EQUITY – LARGE & MID CAP FUNDS

Axis Large & Mid Cap Fund

–

32.9

15616

1.7

0.6

4.7

19.6

16.6

–

0.52

HYBRID – CONSERVATIVE HYBRID FUNDS

Bank of India Conservative Hybrid Fund

–

34.4

2.1

1.2

4.2

7.1

10.0

7.4

0.87

EQUITY – SMALL CAP FUNDS

Bank of India Small Cap Fund

–

43.7

1939

2.0

0.5

-9.1

18.0

21.2

–

0.56

HYBRID – BALANCED ADVANTAGE FUNDS

Baroda BNP Paribas Balanced Advantage Fund

–

24.9

4748

1.9

0.8

7.5

13.8

11.6

–

0.54

EQUITY – THEMATIC – CONSUMPTION FUNDS

Baroda BNP Paribas India Consumption Fund

–

31.4

1546

2.1

0.6

-0.9

16.0

14.9

–

0.51

EQUITY – MULTI CAP FUNDS

Baroda BNP Paribas Multi Cap Fund

–

282.9

3142

2.0

0.9

-2.0

17.8

17.7

14.6

0.56

EQUITY – SMALL CAP FUNDS

Canara Robeco Small Cap Fund

–

37.6

13102

1.7

0.5

-3.3

15.2

21.4

–

0.65

EQUITY – SECTOR – PHARMA FUNDS

DSP Healthcare Fund

–

39.4

3179

1.9

0.6

-5.8

21.3

14.8

–

0.50

EQUITY – SMALL CAP FUNDS

Edelweiss Small Cap Fund

–

42.9

5459

1.8

0.4

-2.7

19.0

22.2

–

0.68

HYBRID – EQUITY SAVINGS FUNDS

Franklin India Equity Savings Fund

–

16.8

685

1.1

0.3

6.0

8.2

7.8

–

0.55

HYBRID – AGGRESSIVE HYBRID FUNDS

Groww Aggressive Hybrid Fund

–

21.0

2.4

1.3

6.0

11.3

10.6

–

0.42

EQUITY – TAX SAVING (ELSS) FUNDS

Groww ELSS Tax Saver Fund

–

19.8

2.3

0.9

0.5

13.2

11.6

–

0.38

EQUITY – VALUE FUNDS

Groww Value Fund

–

27.3

2.3

0.9

9.5

16.2

14.3

10.4

0.52

EQUITY – LARGE & MID CAP FUNDS

HSBC Large & Mid Cap Fund

–

26.9

4658

1.9

0.8

-0.4

19.9

16.5

–

0.45

EQUITY – TAX SAVING (ELSS) FUNDS

HSBC Tax Saver Equity Fund

–

94.1

244

2.5

1.8

1.2

18.4

16.2

13.9

0.52

EQUITY – MULTI CAP FUNDS

ICICI Prudential Multicap Fund

–

790.5

16263

1.7

0.9

4.3

19.2

18.4

15.0

0.69

EQUITY – SECTOR – PHARMA FUNDS

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

–

39.4

6456

1.9

1.0

-0.1

26.8

16.7

–

0.63

EQUITY – CONTRA FUNDS

Invesco India Contra Fund

–

136.5

20658

1.6

0.5

3.8

19.5

17.1

16.3

0.61

HYBRID – EQUITY SAVINGS FUNDS

Invesco India Equity Savings Fund

–

16.7

394

2.3

0.8

0.5

10.5

7.7

–

0.42

EQUITY – MULTI CAP FUNDS

Invesco India Multicap Fund

–

124.8

4130

1.9

0.7

-6.0

16.2

15.8

13.4

0.50

EQUITY – SMALL CAP FUNDS

Invesco India Smallcap Fund

–

40.8

9225

1.7

0.4

-2.4

23.3

24.0

–

0.68

HYBRID – BALANCED ADVANTAGE FUNDS

Kotak Balanced Advantage Fund

–

20.9

17852

1.7

0.6

5.7

11.5

10.0

–

0.61

EQUITY – CONTRA FUNDS

Kotak Contra Fund

–

154.5

5136

1.8

0.6

7.4

20.1

18.5

16.9

0.67

HYBRID – CONSERVATIVE HYBRID FUNDS

LIC MF Conservative Hybrid Fund

–

83.3

2.3

1.4

4.4

6.7

5.5

6.5

0.34

EQUITY – DIVIDEND YIELD FUNDS

LIC MF Dividend Yield Fund

–

30.3

689

2.3

0.7

1.2

20.6

16.6

–

0.57

HYBRID – EQUITY SAVINGS FUNDS

LIC MF Equity Savings Fund

–

27.8

2.4

1.2

6.4

8.9

7.6

6.9

0.43

EQUITY – SECTOR – PHARMA FUNDS

LIC MF Healthcare Fund

–

29.1

2.5

1.2

-4.0

19.7

11.2

–

0.36

EQUITY – VALUE FUNDS

LIC MF Value Fund

–

24.1

199

2.5

1.4

-6.7

13.4

14.5

–

0.43

EQUITY – THEMATIC – CONSUMPTION FUNDS

Mahindra Manulife Consumption Fund

–

22.4

559

2.4

0.6

-0.6

15.2

14.4

–

0.51

EQUITY – LARGE CAP FUNDS

Mahindra Manulife Large Cap Fund

–

23.6

756

2.3

0.6

8.6

14.1

13.5

–

0.51

EQUITY – MULTI CAP FUNDS

Mahindra Manulife Multi Cap Fund

–

35.9

6133

1.8

0.4

5.3

19.7

20.3

–

0.61

HYBRID – EQUITY SAVINGS FUNDS

Mirae Asset Equity Savings Fund

–

20.8

1865

1.4

0.4

8.4

11.0

10.2

–

0.73

EQUITY – SECTOR – PHARMA FUNDS

Mirae Asset Healthcare Fund

–

38.4

2771

1.9

0.5

-1.4

21.7

14.6

–

0.50

EQUITY – TAX SAVING (ELSS) FUNDS

Navi ELSS Tax Saver Fund

–

29.3

2.3

0.4

2.9

12.4

11.5

11.4

0.40

EQUITY – FLEXI CAP FUNDS

Navi Flexi Cap Fund

–

23.3

263

2.2

0.6

4.6

12.4

12.8

–

0.46

EQUITY – MULTI CAP FUNDS

Nippon India Multi Cap Fund

–

293.7

50352

1.5

0.7

3.8

20.9

23.5

15.2

0.82

EQUITY – SECTOR – PHARMA FUNDS

Nippon India Pharma Fund

–

510.1

8265

1.8

0.9

-2.2

21.7

14.3

13.5

0.50

HYBRID – EQUITY SAVINGS FUNDS

PGIM India Equity Savings Fund

–

50.3

1.3

0.6

6.0

7.0

7.1

0.82

EQUITY – FLEXI CAP FUNDS

Quant Flexi Cap Fund

–

96.7

6700

1.8

0.7

2.4

14.5

20.4

18.2

0.61

EQUITY – MULTI CAP FUNDS

Quant Multi Cap Fund

–

594.3

8188

1.8

0.7

-5.9

8.8

16.2

16.1

0.47

EQUITY – CONTRA FUNDS

SBI Contra Fund

–

391.0

49967

1.5

0.7

5.4

19.4

22.7

16.8

0.96

EQUITY – SECTOR – PHARMA FUNDS

SBI Healthcare Opportunities Fund

–

421.2

3989

1.9

0.9

-3.7

23.4

15.6

11.2

0.58

EQUITY – THEMATIC – MNC FUNDS

SBI MNC Fund

–

349.9

5829

1.9

1.2

-4.9

7.6

9.6

10.2

0.34

HYBRID – AGGRESSIVE HYBRID FUNDS

Shriram Aggressive Hybrid Fund

–

32.0

2.4

0.9

3.5

11.3

9.5

9.8

0.36

EQUITY – TAX SAVING (ELSS) FUNDS

Shriram ELSS Tax Saver Fund

–

21.2

2.3

0.8

-3.7

10.6

9.8

–

0.28

EQUITY – FLEXI CAP FUNDS

Shriram Flexi Cap Fund

–

20.3

137

2.4

0.8

-4.3

10.5

10.1

–

0.29

HYBRID – CONSERVATIVE HYBRID FUNDS

Sundaram Conservative Hybrid Fund

–

29.8

1.9

0.9

3.8

6.8

7.3

6.6

0.65

EQUITY – MULTI CAP FUNDS

Sundaram Multi Cap Fund

–

382.1

2908

2.0

0.9

4.2

17.0

17.4

15.2

0.60

EQUITY – VALUE FUNDS

Sundaram Value Fund

–

222.3

1477

2.3

1.7

5.8

12.8

13.7

12.1

0.53

HYBRID – BALANCED ADVANTAGE FUNDS

Tata Balanced Advantage Fund

–

20.8

9691

1.7

0.4

5.6

10.6

10.3

–

0.70

EQUITY – FLEXI CAP FUNDS

Tata Flexi Cap Fund

–

24.7

3699

1.9

0.6

9.6

16.1

13.2

–

0.49

EQUITY – SECTOR – PHARMA FUNDS

Tata India Pharma & Healthcare Fund

–

30.1

1311

2.1

0.6

-3.4

21.7

14.3

11.8

0.50

EQUITY – SMALL CAP FUNDS

Tata Small Cap Fund

–

36.2

11324

1.7

0.3

-11.4

14.8

22.0

–

0.64

EQUITY – SECTOR – BANKING FUNDS

Taurus Banking & Financial Services Fund

–

54.4

2.4

1.6

12.7

11.8

12.2

13.7

0.37

EQUITY – TAX SAVING (ELSS) FUNDS

Taurus ELSS Tax Saver Fund

–

179.8

2.4

1.8

-0.8

14.9

13.5

13.3

0.52

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Taurus Infrastructure Fund

–

65.4

2.5

1.9

-1.2

17.3

17.7

14.7

0.53

EQUITY – LARGE CAP FUNDS

Taurus Large Cap Fund

–

159.1

2.6

2.4

4.8

13.9

12.7

10.3

0.41

HYBRID – EQUITY SAVINGS FUNDS

Union Equity Savings Fund

–

17.1

144

2.0

1.5

4.9

8.0

6.7

–

0.44

EQUITY – VALUE FUNDS

Union Value Fund

–

28.6

371

2.5

1.3

7.2

17.4

17.0

–

0.62

HYBRID – EQUITY SAVINGS FUNDS

UTI Equity Savings Fund

–

18.9

810

1.7

0.6

7.9

10.8

10.2

–

0.87

EQUITY – SECTOR – PHARMA FUNDS

UTI Healthcare Fund

–

282.0

1102

2.3

1.3

-3.1

23.5

14.0

11.8

0.48

EQUITY – THEMATIC – MNC FUNDS

UTI MNC Fund

–

398.6

2856

2.0

1.3

3.2

13.3

11.6

10.5

0.44

Source link

Tapping Into Special-Situation Opportunities

by Hansraj Agrawal | Jan 3, 2026 | Share Market

Special-situation funds follow an event-driven investment approach, seeking opportunities created by temporary disruptions rather than long-term market cycles. They invest in companies facing short-term stress due to factors such as corporate restructuring, sector-wide shocks, policy changes, or geopolitical events. These situations often trigger sell-offs, pushing stock prices below conservative estimates of intrinsic value.

Currently, there are seven mutual fund schemes following this theme, each adopting a distinctive investment approach. One of the better-performing funds in this category is ICICI Prudential India Opportunities Fund (IIOF). Completing seven years, IIOF has delivered a compounded annualised return of 21 per cent since its launch in January 2019. It is also the largest fund in the category, managing ₹33,946 crore as of November 2025.

Four-bucket approach

IIOF identifies special-situation opportunities arising from temporary, non-recurring disruptions that create sharp mispricing in fundamentally sound businesses. Once a special situation is identified, the fund estimates intrinsic value using a combination of discounted cash flow (DCF) analysis and qualitative assessment. Intrinsic value is viewed not as a single point estimate, but as a range—bear, base and bull cases—which guides entry, accumulation and exit decisions.

These opportunities are broadly classified into four buckets.

Company-specific

These situations are typically triggered by governance scares, management issues or one-off controversies rather than deterioration in the underlying business. An analysis of the fund’s portfolio shows that it added Infosys in October 2019, when the stock corrected sharply following whistleblower allegations. Investor reaction was emotional, leading to a steep short-term sell-off. However, internal research indicated that governance standards remained strong and the allegations were largely benign. The fund used this panic-driven dislocation to accumulate the stock and exited the position about four months later at levels well above the pre-crisis price.

Sector-specific

These arise when an external shock impacts an entire industry. For instance, during the Covid period, semiconductor supply disruptions led to production cuts, margin pressure and earnings uncertainty for auto manufacturers. Stock prices reflected this pessimism. As supply chains normalised and demand remained resilient, the sector recovered meaningfully. The fund benefited by adding Mahindra & Mahindra in March 2022 and gradually exited the position over the next five months, booking gains of over 50 per cent.

Regulator/govt-driven

These situations occur when policy actions or regulatory interventions temporarily impair profitability or sentiment across a sector. Examples include oil marketing companies facing limited pricing flexibility due to fuel price controls during 2018–22 and 2022–24, telecom companies burdened by regulatory dues and pricing wars during 2022–24, and life insurance companies undergoing heightened scrutiny over mis-selling practices in 2023–24. Such phases often push stocks to irrationally low levels. The fund benefited by tactically positioning in stocks such as Indian Oil Corporation, Bharat Petroleum, Bharti Airtel, HDFC Life and SBI Life.

Global macro/geopolitics

The fund also benefited from global events such as the US–China trade war, Brexit and geopolitical conflicts, which disrupted supply chains, commodity prices and demand patterns. These events led to sharp corrections in sectors such as metals, autos and energy, creating attractive entry opportunities.

Exit strategy

Exit decisions are driven not by the resolution of the special situation, but by the stock approaching its intrinsic value. The fund’s portfolio analysis shows that stocks can remain in the portfolio even after the special situation has played out. According to the fund manager, a special situation serves only as an entry trigger, not a condition for continued ownership. As a result, several stocks in the current portfolio may not display any visible special situation today, but were acquired during periods of valuation dislocation.

Risks

Special-situation funds carry unique risks despite their potential to generate high alpha. The biggest risk is mistaking a structural problem for a temporary one, which can lead to permanent capital loss if a turnaround fails. Event risk is another concern, where regulatory, legal or governance issues worsen instead of improving. Timing risk is also significant, as markets may take longer than expected to normalise. Finally, behavioural risks such as overconfidence in research or anchoring to intrinsic value estimates can impair judgment.

These funds tend to underperform when expected events are delayed or fail to materialise, market volatility stays high, liquidity tightens, or valuations normalise faster than fundamentals, reducing the scope for mispricing-led gains.

Portfolio construction

IIOF is sector and market-cap-agnostic, with allocations driven by stock-level opportunities. Banks, IT and insurance are the top sector exposures. As of November 2025, large-, mid- and small-cap allocations stood at 68 per cent, 19 per cent and 13 per cent, respectively.

Although the portfolio holds around 70 stocks, it is meaningfully concentrated at the top. The fund follows a long-tail structure, with the top 15 holdings accounting for roughly 58–65 per cent of the portfolio (58 per cent as of November 2025), reflecting high conviction in select ideas.

Performance

IIOF topped the performance table with an average five-year rolling CAGR return of 28 per cent, calculated using the last seven years of data, compared with 20 per cent for its benchmark, the Nifty 500 Total Return Index. On costs, the regular-plan expense ratio stood at 1.56 per cent, below the peer average of 2.1 per cent, while the direct-plan expense ratio was 0.65 per cent, lower than the category average of 1 per cent.

Investing in this fund requires patience, as opportunity-driven ideas take time to play out. Given its thematic nature, it is best suited as a satellite allocation with a recommended holding period of five years or more. A systematic investment route is the preferred mode.

Published on January 3, 2026

Source link

Mutual Funds returns

by Hansraj Agrawal | Jan 3, 2026 | Share Market

DEBT – DYNAMIC BOND FUNDS

360 ONE Dynamic Bond Fund

23.3

652

0.5

0.3

8.5

9.1

8.2

6.8

3.87

DEBT – CORPORATE BOND FUNDS

Aditya Birla Sun Life Corporate Bond Fund

116.0

30554

0.5

0.3

7.4

7.9

7.7

6.2

–

DEBT – DYNAMIC BOND FUNDS

Aditya Birla Sun Life Dynamic Bond Fund

47.4

1915

1.2

0.6

7.1

8.0

7.6

6.7

21.89

DEBT – ULTRA SHORT DURATION FUNDS

Aditya Birla Sun Life Savings Fund

566.4

23785

0.6

0.3

7.4

7.6

7.5

6.2

11.23

DEBT – MEDIUM DURATION FUNDS

Axis Strategic Bond Fund

28.9

1941

1.3

0.7

8.3

8.5

8.1

6.6

51.00

DEBT – CREDIT RISK FUNDS

Baroda BNP Paribas Credit Risk Fund

23.0

199

1.6

0.9

8.1

7.9

9.4

58.43

DEBT – ULTRA SHORT DURATION FUNDS

Baroda BNP Paribas Ultra Short Duration Fund

1590.0

1071

0.5

0.3

7.0

7.2

6.0

1.41

DEBT – BANKING AND PSU FUNDS

ICICI Prudential Banking & PSU Debt Fund

33.8

9721

0.7

0.4

7.7

7.6

6.2

–

DEBT – FLOATER FUNDS

ICICI Prudential Floating Interest Fund

439.1

7340

0.9

0.3

7.8

7.9

7.8

6.3

9.77

DEBT – GILT FUNDS

ICICI Prudential Gilt Fund

104.9

9215

1.1

0.6

7.0

7.5

7.8

6.1

–

DEBT – LOW DURATION FUNDS

ICICI Prudential Savings Fund

562.5

30206

0.6

0.4

7.7

7.8

6.3

8.41

DEBT – SHORT DURATION FUNDS

ICICI Prudential Short Term Fund

62.2

23702

1.1

0.5

8.0

7.9

7.7

6.3

9.58

DEBT – BANKING AND PSU FUNDS

Kotak Banking and PSU Debt Fund

67.4

5701

0.8

0.4

7.7

7.8

7.5

6.0

–

DEBT – CORPORATE BOND FUNDS

Nippon India Corporate Bond Fund

61.7

11276

0.8

0.4

7.8

8.1

7.8

6.5

–

DEBT – MONEY MARKET FUNDS

Nippon India Money Market Fund

4287.7

24261

0.4

0.2

7.4

7.5

6.3

–

DEBT – ULTRA SHORT DURATION FUNDS

Nippon India Ultra Short Duration Fund

4150.5

13682

1.1

0.4

6.8

7.0

6.9

6.6

18.78

DEBT – GILT FUNDS

SBI Gilt Fund

66.3

11033

1.0

0.5

4.6

6.8

7.0

5.6

–

DEBT – LOW DURATION FUNDS

UTI Low Duration Fund

3666.3

3184

0.4

0.3

7.5

7.6

7.4

7.1

8.70

DEBT – MEDIUM TO LONG DURATION FUNDS

UTI Medium to Long Duration Fund

74.3

313

1.6

1.2

5.7

7.1

6.8

7.9

4.87

DEBT – MONEY MARKET FUNDS

UTI Money Market Fund

3186.9

22198

0.2

0.1

7.5

7.6

7.5

6.3

–

DEBT – SHORT DURATION FUNDS

UTI Short Duration Fund

32.6

3374

0.8

0.4

7.4

7.6

7.4

6.8

4.18

DEBT – BANKING AND PSU FUNDS

Aditya Birla SL Bank & PSU Debt

376.7

9235

0.7

0.4

7.3

7.6

7.3

5.8

–

DEBT – MONEY MARKET FUNDS

Aditya Birla Sun Life Money Manager Fund

382.2

32711

0.4

0.2

7.4

7.5

6.2

–

DEBT – SHORT DURATION FUNDS

Aditya Birla Sun Life Short Term Fund

49.1

11363

1.0

0.4

7.8

7.5

6.1

9.97

DEBT – GILT FUNDS

Axis Gilt Fund

25.8

599

0.8

0.4

5.4

7.7

7.4

5.4

–

DEBT – MONEY MARKET FUNDS

Axis Money Market Fund

1478.4

24194

0.3

0.2

7.4

7.6

7.5

6.2

–

DEBT – SHORT DURATION FUNDS

Axis Short Duration Fund

31.9

12692

0.9

0.4

8.1

8.0

7.6

6.0

5.20

DEBT – LOW DURATION FUNDS

Axis Treasury Advantage Fund

3196.0

7365

0.7

0.4

7.5

7.6

7.4

6.0

6.19

DEBT – GILT FUNDS

Baroda BNP Paribas Gilt Fund

43.0

1327

0.5

0.1

5.6

7.7

7.4

5.1

–

DEBT – GILT FUNDS

DSP Gilt Fund

96.5

1345

1.2

0.6

4.7

7.5

7.2

5.5

–

DEBT – LOW DURATION FUNDS

DSP Low Duration Fund

20.4

6551

0.6

0.3

7.1

7.3

7.1

5.8

–

DEBT – GILT FUNDS

Edelweiss Government Securities Fund

24.6

155

1.2

0.5

3.9

6.9

6.6

5.2

–

DEBT – BANKING AND PSU FUNDS

HDFC Banking and PSU Debt Fund

23.7

5835

0.8

0.4

7.5

7.6

7.4

5.8

–

DEBT – CORPORATE BOND FUNDS

HDFC Corporate Bond Fund

33.4

36382

0.6

0.4

7.4

7.9

7.7

6.0

–

DEBT – FLOATER FUNDS

HDFC Floating Rate Debt Fund

51.6

15773

0.5

0.3

7.9

8.0

7.9

6.5

9.87

DEBT – LOW DURATION FUNDS

HDFC Low Duration Fund

59.5

25757

1.0

0.5

7.2

7.3

7.2

5.9

11.37

DEBT – SHORT DURATION FUNDS

HDFC Short Term Debt Fund

33.0

18412

0.7

0.4

7.8

8.0

7.7

6.1

7.79

DEBT – ULTRA SHORT DURATION FUNDS

HDFC Ultra Short Term Fund

15.6

18875

0.7

0.4

6.9

7.2

7.1

5.9

4.44

DEBT – ULTRA SHORT DURATION FUNDS

HSBC Ultra Short Duration Fund

1395.5

4059

0.4

0.2

6.9

7.2

7.1

5.9

–

DEBT – DYNAMIC BOND FUNDS

ICICI Prudential All Seasons Bond Fund

37.9

14983

1.3

0.6

7.3

7.7

6.4

20.85

DEBT – MEDIUM TO LONG DURATION FUNDS

ICICI Prudential Bond Fund

41.1

2921

1.0

0.6

6.9

7.7

5.8

–

DEBT – CORPORATE BOND FUNDS

ICICI Prudential Corporate Bond Fund

30.8

35278

0.6

0.4

8.0

7.9

6.4

–

DEBT – CREDIT RISK FUNDS

ICICI Prudential Credit Risk Fund

33.2

5936

1.4

0.8

9.5

9.0

8.4

7.3

61.91

DEBT – MEDIUM DURATION FUNDS

ICICI Prudential Medium Term Bond Fund

46.6

5796

1.4

0.7

9.0

8.5

8.0

6.7

36.24

DEBT – MONEY MARKET FUNDS

ICICI Prudential Money Market Fund

392.1

36029

0.3

0.2

7.4

7.5

6.2

–

DEBT – ULTRA SHORT DURATION FUNDS

ICICI Prudential Ultra Short Term Fund

28.6

19711

0.8

0.4

7.1

7.3

7.1

6.0

9.84

DEBT – CORPORATE BOND FUNDS

Kotak Corporate Bond Fund

3887.8

19195

0.7

0.4

7.9

8.0

7.7

6.1

–

DEBT – MEDIUM DURATION FUNDS

Kotak Medium Term Fund

23.6

2083

1.6

0.7

8.9

8.0

6.4

36.52

DEBT – BANKING AND PSU FUNDS

Nippon India Banking and PSU Fund

21.3

5582

0.8

0.4

7.3

7.6

7.3

5.8

–

DEBT – CREDIT RISK FUNDS

Nippon India Credit Risk Fund

36.3

1013

1.5

0.7

8.9

8.6

8.4

8.5

61.11

DEBT – DYNAMIC BOND FUNDS

Nippon India Dynamic Bond Fund

38.1

4242

0.8

0.4

7.0

8.1

7.6

5.6

–

DEBT – LOW DURATION FUNDS

Nippon India Low Duration Fund

3862.4

12254

1.0

0.4

7.2

7.3

7.1

5.9

8.29

DEBT – SHORT DURATION FUNDS

Nippon India Short Duration Fund

54.4

9796

1.0

0.4

7.9

7.5

6.0

7.12

DEBT – DYNAMIC BOND FUNDS

Quantum Dynamic Bond Fund

21.8

118

1.0

0.5

6.0

7.6

7.4

6.0

–

DEBT – MEDIUM TO LONG DURATION FUNDS

SBI Medium to Long Duration Fund

71.8

2169

1.5

0.8

5.9

7.0

7.1

5.5

22.87

DEBT – MONEY MARKET FUNDS

Tata Money Market Fund

4876.5

40598

0.4

0.2

7.4

7.5

6.2

–

DEBT – ULTRA SHORT DURATION FUNDS

UTI Ultra Short Duration Fund

4363.7

4788

1.0

0.3

6.6

6.9

6.2

6.56

DEBT – GILT FUNDS

Aditya Birla Sun Life G-Sec Fund

80.8

1837

1.1

0.5

3.2

6.1

6.4

4.9

–

DEBT – MEDIUM TO LONG DURATION FUNDS

Aditya Birla Sun Life Income Fund

126.9

2165

1.1

0.7

5.3

6.8

6.7

5.3

–

DEBT – LOW DURATION FUNDS

Aditya Birla Sun Life Low Duration Fund

676.6

15556

1.2

0.4

7.0

6.9

5.7

11.67

DEBT – CORPORATE BOND FUNDS

Axis Corporate Bond Fund

17.6

10089

1.0

0.4

7.9

8.0

7.6

6.0

–

DEBT – DYNAMIC BOND FUNDS

Axis Dynamic Bond Fund

30.3

1203

0.6

0.3

7.2

7.8

7.4

5.6

–

DEBT – ULTRA SHORT DURATION FUNDS

Axis Ultra Short Duration Fund

15.2

6924

1.2

0.4

6.6

6.8

6.7

5.5

8.91

DEBT – BANKING AND PSU FUNDS

Bandhan Banking and PSU Fund

25.3

12818

0.7

0.4

7.1

7.3

7.1

5.7

–

DEBT – LOW DURATION FUNDS

Bandhan Low Duration Fund

39.8

7046

0.7

0.3

7.2

7.1

5.8

–

DEBT – SHORT DURATION FUNDS

Bandhan Short Duration Fund

58.7

10530

0.8

0.3

7.4

7.6

7.4

5.6

–

DEBT – ULTRA SHORT DURATION FUNDS

Bandhan Ultra Short Duration Fund

15.7

4483

0.5

0.3

6.9

7.2

7.1

5.8

–

DEBT – CORPORATE BOND FUNDS

Baroda BNP Paribas Corporate Bond Fund

28.3

492

0.6

0.2

8.3

7.8

5.4

–

DEBT – DYNAMIC BOND FUNDS

Baroda BNP Paribas Dynamic Bond Fund

46.0

196

1.7

0.7

4.7

6.5

6.6

4.8

–

DEBT – SHORT DURATION FUNDS

Baroda BNP Paribas Short Duration Fund

30.1

308

1.1

0.4

7.5

7.6

7.4

5.7

1.65

DEBT – LOW DURATION FUNDS

Canara Robeco Savings Fund

43.5

1388

0.5

0.2

7.2

7.3

7.2

5.7

–

DEBT – BANKING AND PSU FUNDS

DSP Banking & PSU Debt Fund

24.7

4154

0.6

0.3

6.8

7.8

7.4

5.7

–

DEBT – MONEY MARKET FUNDS

DSP Savings Fund

54.3

8628

0.4

0.2

7.0

7.2

5.8

–

DEBT – ULTRA SHORT DURATION FUNDS

DSP Ultra Short Fund

3503.7

4250

1.0

0.3

6.7

6.8

5.4

7.81

DEBT – BANKING AND PSU FUNDS

Edelweiss Banking and PSU Debt Fund

25.3

476

0.7

0.4

7.4

7.8

7.3

5.8

–

DEBT – BANKING AND PSU FUNDS

Franklin India Banking & PSU Debt Fund

23.2

485

0.5

0.2

7.9

7.8

7.5

5.9

10.77

DEBT – CORPORATE BOND FUNDS

Franklin India Corporate Debt Fund

102.9

1309

0.8

0.3

9.1

8.4

7.8

6.0

8.83

DEBT – FLOATER FUNDS

Franklin India Floating Rate Fund

42.1

317

1.0

0.3

8.0

8.1

7.8

6.2

16.05

DEBT – MONEY MARKET FUNDS

Franklin India Money Market Fund

51.8

4422

0.3

0.1

7.4

7.5

7.4

6.1

–

DEBT – CREDIT RISK FUNDS

HDFC Credit Risk Debt Fund

24.9

7013

1.6

1.0

7.9

8.0

7.6

6.7

56.36

DEBT – DYNAMIC BOND FUNDS

HDFC Dynamic Debt Fund

90.3

758

1.4

0.8

4.8

6.7

6.6

5.8

–

DEBT – GILT FUNDS

HDFC Gilt Fund

55.9

2939

0.9

0.5

5.3

7.0

4.9

–

DEBT – MEDIUM DURATION FUNDS

HDFC Medium Term Debt Fund

58.0

3885

1.3

0.7

7.7

7.8

7.5

6.1

29.81

DEBT – MONEY MARKET FUNDS

HDFC Money Market Fund

5902.8

37517

0.4

0.2

7.3

7.5

7.4

6.2

–

DEBT – DYNAMIC BOND FUNDS

HSBC Dynamic Bond Fund

30.0

170

0.8

0.2

5.7

7.2

6.9

4.9

–

DEBT – MEDIUM DURATION FUNDS

HSBC Medium Duration Fund

21.0

788

1.0

0.4

7.8

8.0

7.7

6.0

32.14

DEBT – SHORT DURATION FUNDS

HSBC Short Duration Fund

27.2

4539

0.7

0.3

7.7

7.6

7.3

5.5

–

DEBT – CORPORATE BOND FUNDS

Invesco India Corporate Bond Fund

3267.8

8043

0.7

0.3

7.6

7.8

7.4

5.7

–

DEBT – LOW DURATION FUNDS

Invesco India Low Duration Fund

3903.4

1742

0.6

0.3

7.2

7.4

7.2

5.8

8.40

DEBT – MONEY MARKET FUNDS

Invesco India Money Market Fund

3143.4

5326

0.4

0.2

7.1

7.3

7.2

5.8

–

DEBT – ULTRA SHORT DURATION FUNDS

Invesco India Ultra Short Duration Fund

2777.5

1603

0.8

0.2

6.8

7.1

7.0

5.6

9.66

DEBT – LOW DURATION FUNDS

JM Low Duration Fund

38.2

181

0.9

0.4

7.2

7.0

5.6

9.68

DEBT – MEDIUM TO LONG DURATION FUNDS

Kotak Bond Fund

77.8

2052

1.7

0.7

5.5

6.9

6.8

4.9

–

DEBT – SHORT DURATION FUNDS

Kotak Bond Short Term Fund

53.6

18538

1.1

0.4

7.3

7.5

7.2

5.5

–

DEBT – DYNAMIC BOND FUNDS

Kotak Dynamic Bond Fund

38.2

2779

1.3

0.6

6.1

7.6

7.2

5.5

–

DEBT – FLOATER FUNDS

Kotak Floating Rate Fund

1564.0

2993

0.6

0.3

8.2

7.9

6.2

9.86

DEBT – LOW DURATION FUNDS

Kotak Low Duration Fund

3445.0

15809

1.2

0.4

7.0

7.2

7.0

5.7

9.88

DEBT – MONEY MARKET FUNDS

Kotak Money Market Fund

4638.1

36157

0.4

0.2

7.4

7.5

6.2

–

DEBT – ULTRA SHORT DURATION FUNDS

Kotak Savings Fund

44.2

16008

0.8

0.4

6.8

7.0

6.9

5.7

6.65

DEBT – MEDIUM TO LONG DURATION FUNDS

LIC MF Medium to Long Duration Fund

73.4

201

1.2

0.2

6.0

7.7

7.2

5.1

–

DEBT – ULTRA SHORT DURATION FUNDS

Mahindra Manulife Ultra Short Duration Fund

1417.0

200

0.7

0.3

6.8

7.0

5.7

2.51

DEBT – FLOATER FUNDS

Nippon India Floater Fund

46.6

8388

0.7

0.4

7.9

8.0

7.8

6.1

–

DEBT – GILT FUNDS

Nippon India Gilt Fund

38.1

1862

1.3

0.5

3.9

6.4

4.6

–

DEBT – MEDIUM TO LONG DURATION FUNDS

Nippon India Medium to Long Duration Fund

90.6

418

1.5

0.7

5.2

6.7

4.9

–

DEBT – GILT FUNDS

PGIM India Gilt Fund

30.3

105

1.4

0.6

4.1

6.5

4.8

–

DEBT – ULTRA SHORT DURATION FUNDS

PGIM India Ultra Short Duration Fund

35.0

209

1.1

0.4

6.3

6.6

5.4

–

DEBT – BANKING AND PSU FUNDS

SBI Banking and PSU Fund

3201.8

4213

0.8

0.4

7.4

7.5

7.2

5.4

–

DEBT – CORPORATE BOND FUNDS

SBI Corporate Bond Fund

16.0

25054

0.8

0.4

7.8

7.4

5.7

–

DEBT – CREDIT RISK FUNDS

SBI Credit Risk Fund

47.1

2182

1.6

0.9

7.9

8.0

8.1

6.7

65.26

DEBT – DYNAMIC BOND FUNDS

SBI Dynamic Bond Fund

36.2

4707

1.4

0.6

5.6

7.1

7.0

5.4

–

DEBT – LOW DURATION FUNDS

SBI Low Duration Fund

3598.5

16698

1.0

0.4

7.0

7.1

7.0

5.6

0.94

DEBT – MEDIUM DURATION FUNDS

SBI Medium Duration Fund

52.7

6946

1.2

0.7

7.5

7.8

7.6

6.0

37.95

DEBT – SHORT DURATION FUNDS

SBI Short Term Debt Fund

33.1

17716

0.9

0.4

7.8

7.7

7.4

5.7

4.74

DEBT – ULTRA SHORT DURATION FUNDS

SBI Ultra Short Duration Fund

6161.0

15624

0.6

0.4

7.0

7.2

7.1

5.8

1.76

DEBT – BANKING AND PSU FUNDS

Sundaram Banking & PSU Fund

44.3

377

0.4

0.3

7.6

7.8

7.5

5.6

–

DEBT – CORPORATE BOND FUNDS

Sundaram Corporate Bond Fund

41.3

773

0.6

0.3

7.6

7.7

7.2

5.8

–

DEBT – MONEY MARKET FUNDS

Sundaram Money Market Fund

15.5

2051

0.3

0.2

7.3

7.4

7.3

6.0

–

DEBT – SHORT DURATION FUNDS

Sundaram Short Duration Fund

45.5

194

0.9

0.3

7.3

7.6

7.3

5.7

2.59

DEBT – GILT FUNDS

Tata Gilt Securities Fund

78.5

1288

1.4

0.3

4.9

6.6

6.8

4.7

–

DEBT – LOW DURATION FUNDS

Tata Treasury Advantage Fund

4052.9

3656

0.6

0.2

7.2

7.3

7.1

5.8

–

DEBT – CORPORATE BOND FUNDS

UTI Corporate Bond Fund

16.9

5747

0.6

0.3

7.8

7.5

5.9

–

DEBT – CREDIT RISK FUNDS

UTI Credit Risk Fund

17.6

261

1.6

0.9

7.4

7.6

7.3

9.3

65.89

DEBT – DYNAMIC BOND FUNDS

UTI Dynamic Bond Fund

31.5

457

1.6

0.7

6.2

7.4

6.9

8.3

–

DEBT – GILT FUNDS

UTI Gilt Fund

63.4

561

0.9

0.6

5.2

7.1

6.9

5.1

–

DEBT – FLOATER FUNDS

Aditya Birla Sun Life Floating Rate Fund

359.5

13191

0.5

0.2

7.7

7.8

7.7

6.3

–

DEBT – BANKING AND PSU FUNDS

Axis Banking & PSU Debt Fund

2711.4

13712

0.6

0.3

7.5

7.2

5.7

–

DEBT – CREDIT RISK FUNDS

Axis Credit Risk Fund

22.3

366

1.6

0.8

8.8

8.4

7.9

6.8

68.02

DEBT – CORPORATE BOND FUNDS

Bandhan Corporate Bond Fund

19.8

15865

0.7

0.3

7.4

7.5

7.3

5.6

–

DEBT – GILT FUNDS

Bandhan Gilt Fund

35.4

2275

1.1

0.5

3.8

7.3

7.0

4.8

–

DEBT – ULTRA SHORT DURATION FUNDS

BOI Ultra Short Duration

3251.3

166

0.9

0.3

6.4

6.5

6.4

5.4

16.38

DEBT – LOW DURATION FUNDS

Baroda BNP Paribas Low Duration Fund

41.3

288

1.0

0.3

6.9

5.5

5.25

DEBT – MONEY MARKET FUNDS

Baroda BNP Paribas Money Market Fund

1423.8

6018

0.4

0.2

7.3

7.2

5.7

–

DEBT – GILT FUNDS

Canara Robeco Gilt Fund

75.5

146

1.3

0.5

3.8

6.2

6.3

4.6

–

DEBT – MEDIUM TO LONG DURATION FUNDS

Canara Robeco Income Fund

55.8

121

1.9

0.8

4.4

6.0

5.8

4.2

–

DEBT – MEDIUM DURATION FUNDS

DSP Bond Fund

84.0

320

0.8

0.4

7.8

7.7

7.5

5.7

–

DEBT – SHORT DURATION FUNDS

DSP Short Term Fund

47.8

3970

1.0

0.4

7.2

7.4

7.2

5.4

–

DEBT – DYNAMIC BOND FUNDS

DSP Strategic Bond Fund

3385.8

1368

1.2

0.5

4.3

7.2

7.3

5.1

–

DEBT – MEDIUM TO LONG DURATION FUNDS

HDFC Income Fund

58.9

887

1.4

0.8

5.6

7.3

6.8

4.7

–

DEBT – CORPORATE BOND FUNDS

HSBC Corporate Bond Fund

75.4

6262

0.6

0.3

8.0

7.5

5.7

–

DEBT – MONEY MARKET FUNDS

HSBC Money Market Fund

27.3

6012

0.3

0.2

7.3

7.4

7.2

5.7

–

DEBT – GILT FUNDS

Invesco India Gilt Fund

2849.2

314

1.3

0.5

4.3

7.1

6.9

4.7

–

DEBT – SHORT DURATION FUNDS

Invesco India Short Duration Fund

3667.3

994

1.1

0.4

7.5

7.7

7.2

5.3

4.36

DEBT – CREDIT RISK FUNDS

Kotak Credit Risk Fund

30.6

720

1.7

0.8

9.0

8.0

7.5

5.7

59.25

DEBT – GILT FUNDS

Kotak Gilt Fund

95.5

3340

1.5

0.5

2.6

5.4

5.9

4.5

–

DEBT – BANKING AND PSU FUNDS

LIC MF Banking & PSU Fund

35.8

1888

0.8

0.3

7.5

7.6

7.2

5.5

–

DEBT – LOW DURATION FUNDS

LIC MF Low Duration Fund

40.7

1987

1.0

0.3

6.8

7.0

6.8

5.6

2.57

DEBT – ULTRA SHORT DURATION FUNDS

LIC MF Ultra Short Duration Fund

1358.4

195

1.0

0.3

6.4

6.6

6.4

5.3

2.68

DEBT – DYNAMIC BOND FUNDS

Mirae Asset Dynamic Bond Fund

16.6

117

1.0

0.2

7.1

6.7

4.7

–

DEBT – LOW DURATION FUNDS

Mirae Asset Low Duration Fund

2328.2

2842

0.9

0.2

7.1

7.2

7.0

5.6

4.24

DEBT – SHORT DURATION FUNDS

Mirae Asset Short Duration Fund

16.2

719

1.1

0.2

7.4

7.5

7.1

5.5

2.09

DEBT – MEDIUM DURATION FUNDS

Nippon India Medium Duration Fund

16.2

134

1.0

0.5

9.7

9.0

8.3

8.8

29.14

DEBT – DYNAMIC BOND FUNDS

PGIM India Dynamic Bond Fund

2659.6

100

1.7

0.4

5.2

7.1

6.7

4.9

–

DEBT – MONEY MARKET FUNDS

PGIM India Money Market Fund

1368.8

294

0.5

0.2

7.1

5.7

–

DEBT – MONEY MARKET FUNDS

SBI Savings Fund

42.8

36650

0.6

0.3

7.0

7.1

5.8

–

DEBT – LOW DURATION FUNDS

Sundaram Low Duration Fund

3560.8

383

1.2

0.4

6.8

7.0

6.8

5.6

3.41

DEBT – SHORT DURATION FUNDS

Tata Short Term Bond Fund

49.0

3392

1.2

0.3

6.8

7.0

5.2

–

DEBT – ULTRA SHORT DURATION FUNDS

Tata Ultra Short Term Fund

14.6

6031

1.2

0.3

6.5

6.7

5.4

6.25

DEBT – CORPORATE BOND FUNDS

Union Corporate Bond Fund

15.7

571

0.7

0.4

7.7

7.8

7.3

5.4

–

DEBT – BANKING AND PSU FUNDS

UTI Banking & PSU Fund

22.6

812

0.5

0.3

7.8

7.7

7.4

7.0

–

DEBT – ULTRA SHORT DURATION FUNDS

WhiteOak Capital Ultra Short Duration Fund

1399.5

576

1.0

0.5

6.3

6.6

6.5

5.5

–

DEBT – CREDIT RISK FUNDS

Bandhan Credit Risk Fund

16.8

255

1.7

0.7

6.2

6.8

6.4

5.3

55.33

DEBT – DYNAMIC BOND FUNDS

Bandhan Dynamic Bond Fund

34.0

2544

1.6

0.7

3.6

6.8

6.5

4.4

–

DEBT – MEDIUM DURATION FUNDS

Bandhan Medium Duration Fund

46.7

1406

1.4

0.7

6.6

7.1

6.8

4.8

–

DEBT – MEDIUM TO LONG DURATION FUNDS

Bandhan Medium to Long Duration Fund

65.2

482

2.0

1.3

4.1

6.0

3.9

–

DEBT – MONEY MARKET FUNDS

Bandhan Money Market Fund

41.6

14346

0.4

0.1

7.3

7.2

7.0

5.6

–

DEBT – CORPORATE BOND FUNDS

Canara Robeco Corporate Bond Fund

22.2

113

1.0

0.4

6.2

6.8

6.5

5.1

–

DEBT – DYNAMIC BOND FUNDS

Canara Robeco Dynamic Bond Fund

29.3

105

1.8

0.7

3.5

5.6

4.0

–

DEBT – SHORT DURATION FUNDS

Canara Robeco Short Duration Fund

26.1

435

1.0

0.4

6.9

7.0

6.8

5.2

–

DEBT – ULTRA SHORT DURATION FUNDS

Canara Robeco Ultra Short Term Fund

3905.7

568

1.0

0.3

6.4

6.6

6.5

5.2

–

DEBT – CORPORATE BOND FUNDS

DSP Corporate Bond Fund

16.5

2751

0.5

0.3

7.7

7.3

5.4

–

DEBT – MONEY MARKET FUNDS

Edelweiss Money Market Fund

29.3

1889

0.7

0.1

6.8

6.9

6.7

5.3

–

DEBT – GILT FUNDS

Franklin India Government Securities

59.6

187

1.2

0.6

5.7

6.6

6.2

4.6

–

DEBT – BANKING AND PSU FUNDS

HSBC Banking and PSU Debt Fund

25.0

4413

0.6

0.2

7.5

7.4

7.1

5.1

–

DEBT – GILT FUNDS

HSBC Gilt Fund

65.9

295

1.6

0.5

3.4

5.8

5.7

3.9

–

DEBT – LOW DURATION FUNDS

HSBC Low Duration Fund

29.6

1270

0.9

0.4

8.5

8.0

7.7

6.1

11.83

DEBT – BANKING AND PSU FUNDS

Invesco India Banking and PSU Fund

2325.9

171

0.6

0.3

7.2

7.7

7.3

5.2

–

DEBT – SHORT DURATION FUNDS

LIC MF Short Duration Fund

15.0

270

1.3

0.4

7.1

7.2

6.9

5.0

3.88

DEBT – LOW DURATION FUNDS

Mahindra Manulife Low Duration Fund

1683.4

617

1.1

0.3

6.9

7.0

6.9

5.5

8.80

DEBT – ULTRA SHORT DURATION FUNDS

Motilal Oswal Ultra Short Term Fund

16.9

566

1.0

0.3

5.4

5.7

4.6

–

DEBT – ULTRA SHORT DURATION FUNDS

Sundaram Ultra Short Duration Fund

2754.6

2363

1.5

0.2

5.9

6.2

6.1

5.0

1.32

DEBT – FLOATER FUNDS

UTI Floater Fund

1540.6

1462

0.9

0.4

7.1

7.0

5.6

–

DEBT – CREDIT RISK FUNDS

Aditya Birla Sun Life Credit Risk Fund

–

23.3

1094

1.7

0.8

13.5

12.8

10.8

9.1

56.15

DEBT – MEDIUM DURATION FUNDS

Aditya Birla Sun Life Medium Term Plan

–

41.3

2864

1.6

0.8

11.0

10.8

9.4

11.9

37.75

DEBT – FLOATER FUNDS

Bandhan Floater Fund

–

13.3

307

0.8

0.1

7.6

7.7

7.4

–

14.80

DEBT – GILT FUND WITH 10 YEAR CONSTANT DURATION

Bandhan Gilt with 10 year constant duration

–

46.7

350

0.5

0.3

7.6

8.7

8.2

5.3

–

DEBT – CREDIT RISK FUNDS

Bank of India Credit Risk Fund

–

12.6

107

1.4

1.0

6.5

6.2

6.0

25.9

60.34

DEBT – SHORT DURATION FUNDS

Bank of India Short Term Income Fund

–

27.5

248

1.0

0.5

7.0

8.0

7.3

10.1

8.13

DEBT – GILT FUND WITH 10 YEAR CONSTANT DURATION

DSP 10Y G-Sec Fund

–

22.1

0.5

0.3

6.3

7.6

4.7

–

DEBT – CREDIT RISK FUNDS

DSP Credit Risk Fund

–

50.8

209

1.2

0.4

21.0

14.2

14.7

11.1

57.79

DEBT – FLOATER FUNDS

DSP Floater Fund

–

13.6

521

0.5

0.3

7.6

8.4

8.2

–

DEBT – DYNAMIC BOND FUNDS

Groww Dynamic Bond Fund

–

1473.0

1.3

0.5

4.1

5.5

5.4

4.5

–

DEBT – SHORT DURATION FUNDS

Groww Short Duration Fund

–

2139.0

135

1.0

0.3

7.3

7.0

6.5

4.8

–

DEBT – CREDIT RISK FUNDS

HSBC Credit Risk Fund

–

33.2

523

1.6

1.0

20.3

13.5

11.1

8.4

63.02

DEBT – MEDIUM TO LONG DURATION FUNDS

HSBC Medium to Long Duration Fund Fund

–

42.6

1.3

0.7

5.5

6.6

6.2

4.1

–

DEBT – GILT FUND WITH 10 YEAR CONSTANT DURATION

ICICI Prudential Constant Maturity Gilt Fund

–

25.2

2582

0.4

0.3

7.6

8.4

8.2

5.6

–

DEBT – LONG DURATION FUNDS

ICICI Prudential Long Term Bond Fund

–

90.6

1068

1.0

0.4

5.3

7.7

7.4

4.7

–

DEBT – CREDIT RISK FUNDS

Invesco India Credit Risk Fund

–

1983.2

155

1.5

0.3

9.3

8.2

9.3

6.6

52.63

DEBT – BANKING AND PSU FUNDS

ITI Banking & PSU Debt Fund

–

13.4

0.7

0.2

6.8

7.2

6.9

5.7

–

DEBT – DYNAMIC BOND FUNDS

JM Dynamic Bond Fund

–

42.4

1.0

0.4

7.1

7.5

7.1

5.5

–

DEBT – MEDIUM TO LONG DURATION FUNDS

JM Medium to Long Duration Fund

–

63.1

1.1

0.6

6.6

7.3

7.0

4.6

–

DEBT – GILT FUNDS

LIC MF Gilt Fund

–

59.2

1.5

1.7

2.9

5.8

4.2

–

DEBT – DYNAMIC BOND FUNDS

Mahindra Manulife Dynamic Bond Fund

–

14.5

1.6

0.4

6.1

7.2

6.7

4.7

2.69

DEBT – SHORT DURATION FUNDS

Mahindra Manulife Short Duration Fund

–

13.1

1.3

0.3

7.1

7.3

7.1

–

5.82

DEBT – BANKING AND PSU FUNDS

Mirae Asset Banking and PSU Fund

–

13.3

0.8

0.4

6.9

7.4

7.0

5.4

–

DEBT – CORPORATE BOND FUNDS

Mirae Asset Corporate Bond Fund

–

13.1

0.7

0.2

7.3

7.6

7.2

–

DEBT – ULTRA SHORT DURATION FUNDS

Mirae Asset Ultra Short Duration Fund

–

1350.0

2441

0.4

0.2

7.2

7.4

7.3

6.0

2.26

DEBT – LONG DURATION FUNDS

Nippon India Nivesh Lakshya LD

–

17.9

9420

0.6

0.3

4.2

7.8

7.5

5.1

–

DEBT – CORPORATE BOND FUNDS

PGIM India Corporate Bond Fund

–

44.3

1.0

0.2

7.3

7.5

7.1

5.7

–

DEBT – GILT FUND WITH 10 YEAR CONSTANT DURATION

SBI Constant Maturity 10 Year Gilt Fund

–

64.8

1850

0.6

0.3

6.8

8.0

7.8

5.3

–

DEBT – FLOATER FUNDS

SBI Floating Rate Debt Fund

–

13.7

793

0.4

0.3

6.9

7.5

6.1

–

DEBT – MEDIUM DURATION FUNDS

Sundaram Medium Duration Fund

–

70.3

1.8

1.1

5.7

6.0

5.8

3.9

2.76

DEBT – BANKING AND PSU FUNDS

TRUSTMF Banking & PSU Fund

–

1304.6

131

0.7

0.2

7.3

7.1

–

DEBT – DYNAMIC BOND FUNDS

Union Dynamic Bond Fund

–

23.3

104

1.6

1.3

4.2

6.3

4.2

–

DEBT – MEDIUM DURATION FUNDS

UTI Medium Duration Fund

–

18.7

1.5

0.8

6.5

7.0

6.8

5.8

22.28

SOLUTION ORIENTED – CHILDREN’S FUNDS

Axis Children’s Fund

–

26.8

931

2.3

1.4

4.6

11.1

10.0

10.2

0.35

SOLUTION ORIENTED – RETIREMENT FUNDS

Franklin India Retirement Fund

–

222.5

522

2.3

1.5

4.0

10.4

8.8

8.4

0.52

SOLUTION ORIENTED – CHILDREN’S FUNDS

HDFC Children’s Fund

–

298.9

10632

1.7

0.9

1.5

14.6

15.2

13.5

0.70

SOLUTION ORIENTED – RETIREMENT FUNDS

HDFC Retirement Savings Fund – Equity Plan

–

52.1

7055

1.8

0.7

4.0

18.0

20.6

–

0.81

SOLUTION ORIENTED – RETIREMENT FUNDS

HDFC Retire Savings-Hybrid-Debt

–

22.0

162

2.2

1.1

4.9

8.7

7.7

–

0.72

SOLUTION ORIENTED – RETIREMENT FUNDS

HDFC Retirement Savings-Hybrid-Eq

–

39.7

1748

2.1

0.9

4.5

14.5

14.4

–

0.66

SOLUTION ORIENTED – CHILDREN’S FUNDS

ICICI Prudential Children’s Fund

–

333.4

1424

2.2

1.4

7.3

17.8

15.9

12.5

0.71

SOLUTION ORIENTED – CHILDREN’S FUNDS

LIC MF Children’s Fund

–

32.9

2.5

1.6

-6.9

11.3

9.5

8.7

0.30

SOLUTION ORIENTED – RETIREMENT FUNDS

LIC MF Unit Linked Insurance Scheme

–

36.6

467

2.4

1.4

10.2

11.1

10.0

0.44

SOLUTION ORIENTED – RETIREMENT FUNDS

Nippon Ind Retire-Income Gene

–

20.3

150

2.1

1.0

3.4

8.2

6.2

7.0

0.35

SOLUTION ORIENTED – RETIREMENT FUNDS

Nippon Ind Retire-Wealth Cre

–

29.3

3244

1.9

1.0

0.4

17.2

16.6

11.1

0.54

SOLUTION ORIENTED – CHILDREN’S FUNDS

SBI Mag Children’s Benefit – Sav

–

111.0

132

1.2

0.9

3.1

12.3

11.3

11.2

1.07

SOLUTION ORIENTED – CHILDREN’S FUNDS

Tata Children’s Fund

–

61.6

367

2.6

2.1

-0.1

13.1

14.3

11.3

0.48

SOLUTION ORIENTED – RETIREMENT FUNDS

Tata Retirement Savings Con

–

32.0

174

2.2

1.0

3.0

8.4

6.5

7.8

0.37

SOLUTION ORIENTED – RETIREMENT FUNDS

Tata Retirement Savings Fund Moderate Plan

–

65.0

2191

2.0

0.6

-0.6

14.7

12.2

12.3

0.44

SOLUTION ORIENTED – RETIREMENT FUNDS

Tata Retirement Savings Progre

–

65.5

2129

2.0

0.5

-3.0

15.6

12.8

12.9

0.40

SOLUTION ORIENTED – CHILDREN’S FUNDS

UTI Children’s Equity Fund

–

86.7

1180

2.2

1.2

2.7

13.5

13.3

12.8

0.42

SOLUTION ORIENTED – CHILDREN’S FUNDS

UTI Children’s Hybrid Fund

–

41.0

4559

1.7

1.6

4.7

9.7

9.4

8.6

0.60

SOLUTION ORIENTED – RETIREMENT FUNDS

UTI Retirement Fund

–

51.1

4791

1.7

1.1

5.7

12.3

12.1

9.6

0.87

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