Beating the Benchmark


Over the past year, the stock market has been on a bull run, so much so that finding value became a tough task. But as experts have pointed out often, banks as a space remained largely out of this frenzy and offered value, despite healthy business growth in the mid-teens. Though the sector has seen hiccups such as RBI’s risk-weight hike for unsecured loans and the current scramble for deposits, which remains an overhang on margin, the outlook remains positive, with the end of the banking cycle nowhere in sight in the medium term.

One way to play the sector is through sectoral mutual funds. Though there aren’t funds that invest purely in banks, there are funds that invest in the larger BFSI space that includes NBFCs, insurance and capital market companies, such as stockbrokers and AMCs. The Nifty Financial Services index is the benchmark for funds in this space. Over the past year, the index has yielded a return of 21.6 per cent, underperforming the Nifty 50, which has returned 26 per cent. Nevertheless, two funds from our Star Track Mutual Fund Ratings have bucked the trend and outperformed both their benchmark and Nifty 50, delivering 30 per cent plus returns. Incidentally, they happen to be rated with four stars. They are – Invesco India Financial Services Fund and SBI Banking and Financial Services Fund with returns of 35 and 32 per cent respectively (AUM of ₹1,043 crore and ₹6,407 crore respectively). Here we analyse the reasons behind their outperformance.

Diversification is key

The benchmark Nifty Financial Services index has 20 companies with a huge large cap tilt. Large cap companies make 94.9 per cent of the index, with mid cap and small cap accounting for 4.7 per cent and 0.4 per cent respectively. Whereas the funds in question have a more diversified exposure with mid caps and small caps constituting 18 per cent and 23 per cent respectively in the Invesco fund and 22 per cent and 16 per cent in the SBI fund respectively. The average return from a large cap stock that is/was part of the index or either of the funds over the past year is 34.4 per cent, while from a mid cap stock it is 89.6 per cent and for small cap 35 per cent. This is just to give a rough idea of how large caps have moved vis-à-vis mid caps and small caps, though portfolio weighted returns are the better way to analyse.

Similarly, banks constitute 76 per cent of the index, while they account for only 54 per cent of the Invesco fund and 59 per cent of the SBI fund. The two active funds have a larger exposure to insurance, NBFCs and capital market stocks. The average 1-year returns from a banking stock across the index and the two funds is 13.7 per cent, while it is 43.6 per cent, 52.9 per cent and 97.6 per cent for a stock from the insurance, NBFCs and capital markets space respectively.

Sluggish heavyweights

HDFC Bank, ICICI Bank, Axis Bank, SBI and Kotak Mahindra Bank make 75.5 per cent of the index portfolio. The 1-year return from HDFC, Axis and Kotak Mahindra are 10.6 per cent, 20.4 per cent and 6.6 per cent respectively, almost at par/below the 1-year return of the index. ICICI and SBI have returned 34 per cent and 43 per cent respectively.

As far as the funds are concerned, both have played it smart by being underweight on HDFC Bank. While the Invesco fund hasn’t had exposure to Kotak Mahindra Bank, the SBI fund hasn’t had exposure to Axis Bank. Though adding positions in Axis Bank over the year, the Invesco fund didn’t have a weightage higher than that of the index. The SBI fund on the other hand has been adding positions in Kotak Mahindra Bank and its weightage as of September 2024 is higher than that of the index.

Over the past 12 months, the weightage of ICICI and SBI in both Invesco and SBI funds have been fluctuating. On an average the weightage has been roughly the same as the index, with a minor 2-percentage points variance. However, the SBI fund has recently pared its stake in SBI bringing the weightage to 2.8 per cent as of September versus 7.5 per cent in the index.

Winners and losers

PFC, REC and Shriram Finance are the top 3 gainers in the index with 1-year returns of 92 per cent, 89 per cent and 79 per cent respectively. They continue to be part of the index at weights of 1.8 per cent, 1.7 per cent and 2.5 per cent respectively. Both the active funds have capitalised on the rally in these 3 stocks (Invesco only in REC) by being overweight when the stocks gained momentum and trimming stake to book profits.

For instance, as of September 2023, the weightage of REC in the SBI fund and the index was 1.7 per cent and 1.1 per cent respectively. The stock price then was ₹287.5. As the stock trended up to ₹499, the SBI fund added additional positions in REC such that the stock made 5.2 per cent of the net assets as of January 2024. REC’s weight in the index then lagged at 1.9 per cent. Over the months that followed, the fund booked profits and exited the stock completely in May, after realising higher weighted return relative to the index. Apart from the index stocks, both the funds have benefited from rallies in stocks like BSE, MCX, CDSL and PB Fintech.

Among the index losers with a weight of over 1 per cent, Bajaj Finance is the biggest with a negative return of 12.4 per cent. It continues to be a part of the index at a weight of 5.3 per cent. The two active funds though being overweight on the stock as of September 2023, have bitten the bullet and have exited the stock completely in Q4 of FY24 itself, after witnessing the underperformance.

Returns stats

Invesco India Financial Services Fund and SBI Banking and Financial Services Fund posted 1-year returns of 35 and 32 per cent respectively





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Mutual Funds returns


EQUITY – FOCUSED FUNDS

360 ONE Focused Equity Fund

5

48.3

8177

1.8

0.9

33.5

15.1

23.0

0.46

EQUITY – TAX SAVING (ELSS) FUNDS

Bank of India ELSS Tax Saver

5

171.6

1486

2.0

0.8

44.2

17.0

26.4

18.0

0.56

HYBRID – AGGRESSIVE HYBRID FUNDS

BOI AXA Mid & Small Cap Eq&Debt

5

39.0

1000

2.1

1.0

38.1

17.4

27.1

0.60

EQUITY – LARGE CAP FUNDS

Canara Robeco Bluechip Equity Fund

5

62.2

15312

1.7

0.5

33.3

12.4

19.0

14.7

0.44

EQUITY – THEMATIC – CONSUMPTION FUNDS

Canara Robeco Consumer Trends Fund

5

113.3

1849

2.1

0.8

39.0

17.3

21.9

18.2

0.49

HYBRID – BALANCED ADVANTAGE FUNDS

Edelweiss Balanced Advantage Fund

5

50.6

12690

1.6

0.5

25.5

11.1

15.9

11.9

0.63

HYBRID – EQUITY SAVINGS FUNDS

Edelweiss Equity Savings Fund

5

24.0

509

1.6

0.6

16.6

8.8

10.9

9.2

0.64

EQUITY – LARGE & MID CAP FUNDS

HDFC Large and Mid Cap Fund

5

343.1

24508

1.7

0.8

40.4

19.7

25.3

15.2

0.48

HYBRID – BALANCED ADVANTAGE FUNDS

ICICI Prudential Balanced Advantage Fund

5

70.5

62051

1.5

0.8

21.5

12.5

13.8

11.7

0.37

EQUITY – LARGE CAP FUNDS

ICICI Prudential Bluechip Fund

5

108.8

66207

1.4

0.9

36.9

17.0

20.4

15.2

0.43

EQUITY – FOCUSED FUNDS

ICICI Prudential Focused Equity Fund

5

89.0

10201

1.7

0.6

47.5

20.2

25.2

15.2

0.60

EQUITY – SECTOR – IT FUNDS

ICICI Prudential Technology Fund

5

212.6

14173

1.7

0.9

39.5

8.7

29.4

19.0

0.56

EQUITY – VALUE FUNDS

ICICI Prudential Value Discovery Fund

5

461.0

51198

1.5

1.0

39.7

21.4

27.0

16.9

0.60

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Invesco India Infrastructure Fund

5

67.5

1666

2.1

0.7

60.6

27.8

31.7

19.0

0.61

EQUITY – FLEXI CAP FUNDS

JM Flexicap Fund

5

106.5

4531

1.8

0.4

52.8

25.2

25.5

18.9

0.54

EQUITY – LARGE CAP FUNDS

JM Large Cap Fund

5

161.4

429

2.4

0.7

37.1

16.2

19.2

12.8

0.65

EQUITY – VALUE FUNDS

JM Value Fund

5

106.0

1085

2.2

0.8

47.5

24.9

26.2

19.3

0.51

HYBRID – CONSERVATIVE HYBRID FUNDS

Kotak Debt Hybrid Fund

5

56.9

2886

1.7

0.5

18.2

9.6

11.9

10.1

0.64

EQUITY – MID CAP FUNDS

Motilal Oswal Midcap Fund

5

107.5

18604

1.6

0.6

70.1

33.4

33.1

21.9

0.58

EQUITY – SMALL CAP FUNDS

Nippon India Small Cap Fund

5

181.0

62260

1.4

0.7

45.1

27.9

37.1

23.6

0.62

EQUITY – FLEXI CAP FUNDS

Parag Parikh Flexi Cap Fund

5

80.9

82441

1.3

0.6

36.3

15.7

25.5

18.9

0.57

EQUITY – MID CAP FUNDS

PGIM India Midcap Opportunities Fund

5

64.9

11700

1.7

0.5

33.2

13.0

30.3

17.5

0.60

HYBRID – AGGRESSIVE HYBRID FUNDS

Quant Absolute Fund

5

427.8

2352

2.0

0.7

32.1

14.6

25.2

16.4

0.61

EQUITY – TAX SAVING (ELSS) FUNDS

Quant ELSS Tax Saver Fund

5

396.0

11561

1.7

0.7

44.0

19.7

33.7

23.3

0.64

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Quant Infrastructure Fund

5

41.1

3937

1.9

0.7

55.6

25.2

36.1

20.3

0.60

EQUITY – LARGE & MID CAP FUNDS

Quant Large & Mid Cap Fund

5

125.2

3828

1.9

0.6

48.1

21.7

27.6

20.6

0.61

EQUITY – MID CAP FUNDS

Quant Mid Cap Fund

5

236.7

9501

1.7

0.6

42.5

25.0

34.7

19.6

0.70

EQUITY – SMALL CAP FUNDS

Quant Small Cap Fund

5

275.2

26645

1.6

0.6

49.2

25.3

47.5

21.4

0.78

HYBRID – CONSERVATIVE HYBRID FUNDS

SBI Conservative Hybrid Fund

5

70.1

10030

1.1

0.6

14.8

9.7

11.4

9.8

0.60

EQUITY – TAX SAVING (ELSS) FUNDS

SBI Long Term Equity Fund

5

444.7

28733

1.6

0.9

50.9

24.0

26.0

16.3

0.53

HYBRID – EQUITY SAVINGS FUNDS

Sundaram Equity Savings Fund

5

68.3

995

2.1

0.5

18.9

10.3

13.4

9.8

0.57

EQUITY – SECTOR – BANKING FUNDS

Sundaram Financial Services Opportunities Fund

5

99.4

1498

2.1

0.7

26.9

16.4

17.6

14.9

0.32

EQUITY – DIVIDEND YIELD FUNDS

Templeton India Equity Income Fund

5

146.7

2554

2.1

1.2

46.3

20.1

26.1

16.5

0.56

HYBRID – BALANCED ADVANTAGE FUNDS

Aditya Birla SL Bal Advantage

4

102.5

7701

1.8

0.7

23.0

11.1

13.6

11.4

0.38

EQUITY – SMALL CAP FUNDS

AXIS Small Cap Fund

4

108.1

24766

1.6

0.5

36.9

20.5

28.5

20.6

0.55

EQUITY – LARGE & MID CAP FUNDS

Bandhan Core Equity Fund

4

134.2

6982

1.8

0.6

50.4

22.4

25.0

17.2

0.47

EQUITY – TAX SAVING (ELSS) FUNDS

Bandhan ELSS Tax Saver Fund

4

155.3

7354

1.7

0.6

29.6

15.2

23.9

17.0

0.44

EQUITY – VALUE FUNDS

Bandhan Sterling Value Fund

4

153.6

10601

1.7

0.7

37.1

19.6

27.3

17.4

0.46

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

BOI AXA Manufacturing & Infra

4

58.3

529

2.3

0.8

49.4

26.0

31.0

18.4

0.64

HYBRID – AGGRESSIVE HYBRID FUNDS

Baroda BNP Paribas Aggressive Hybrid Fund

4

28.1

1200

2.1

0.5

31.8

13.5

17.3

0.46

EQUITY – LARGE CAP FUNDS

Baroda BNP Paribas Large Cap Fund

4

227.3

2440

2.0

0.8

39.2

15.5

18.9

14.6

0.43

EQUITY – TAX SAVING (ELSS) FUNDS

Canara Robeco ELSS Tax Saver

4

178.0

9256

1.7

0.5

36.8

13.5

21.8

15.7

0.47

EQUITY – TAX SAVING (ELSS) FUNDS

DSP ELSS Tax Saver Fund

4

140.8

17771

1.6

0.7

45.6

18.2

22.9

17.6

0.46

EQUITY – LARGE CAP FUNDS

Edelweiss Large Cap Fund

4

85.2

1123

2.2

0.7

32.9

14.0

18.5

14.3

0.39

EQUITY – MID CAP FUNDS

Edelweiss Mid Cap Fund

4

101.2

7755

1.7

0.4

59.5

23.6

31.0

21.0

0.58

EQUITY – FLEXI CAP FUNDS

Franklin India Flexi Cap Fund

4

1653.1

18252

1.7

0.9

39.3

17.9

23.5

16.1

0.47

EQUITY – FLEXI CAP FUNDS

HDFC Flexi Cap Fund

4

1910.8

66225

1.4

0.8

42.5

22.3

24.2

16.0

0.46

EQUITY – FOCUSED FUNDS

HDFC Focused 30 Fund

4

220.1

15109

1.7

0.5

41.8

23.2

23.6

14.9

0.46

HYBRID – CONSERVATIVE HYBRID FUNDS

HDFC Hybrid Debt Fund

4

79.5

3342

1.8

1.2

16.0

9.8

11.4

9.4

0.58

EQUITY – MID CAP FUNDS

HDFC Mid-Cap Opportunities Fund

4

190.7

77683

1.4

0.7

44.1

25.2

29.8

19.9

0.57

HYBRID – BALANCED ADVANTAGE FUNDS

HSBC Balanced Advantage Fund

4

42.7

1510

2.1

0.8

22.6

10.6

11.5

9.4

0.40

HYBRID – EQUITY SAVINGS FUNDS

HSBC Equity Savings Fund

4

33.1

478

1.5

0.6

25.3

12.9

13.6

9.7

0.46

EQUITY – DIVIDEND YIELD FUNDS

ICICI Prudential Dividend Yield Equity Fund

4

52.6

5066

1.8

0.5

46.8

23.7

27.3

16.2

0.56

HYBRID – AGGRESSIVE HYBRID FUNDS

ICICI Prudential Equity & Debt Fund

4

379.8

41396

1.6

1.0

33.8

19.0

23.3

16.5

0.56

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

ICICI Prudential Infrastructure Fund

4

197.1

6424

1.9

1.2

55.0

32.2

32.2

18.3

0.56

EQUITY – LARGE & MID CAP FUNDS

ICICI Prudential Large & Mid Cap Fund

4

977.4

17464

1.7

0.8

42.5

20.2

25.0

15.9

0.50

HYBRID – CONSERVATIVE HYBRID FUNDS

ICICI Prudential Regular Savings Fund

4

72.0

3303

1.7

0.9

14.9

9.1

10.2

9.9

0.68

EQUITY – SECTOR – BANKING FUNDS

Invesco India Financial Services Fund

4

129.3

1043

2.3

0.9

37.4

15.4

17.2

16.1

0.30

HYBRID – AGGRESSIVE HYBRID FUNDS

JM Aggressive Hybrid Fund

4

127.2

643

2.3

0.6

42.3

21.0

25.9

13.7

0.64

EQUITY – TAX SAVING (ELSS) FUNDS

JM ELSS Tax Saver Fund

4

51.0

187

2.4

1.2

47.4

19.0

22.9

17.5

0.46

EQUITY – LARGE CAP FUNDS

Kotak Bluechip Fund

4

569.7

9806

1.7

0.6

33.5

12.8

18.9

14.4

0.40

EQUITY – MID CAP FUNDS

Kotak Emerging Equity Fund

4

135.4

52627

1.4

0.4

46.1

21.8

28.9

20.6

0.54

HYBRID – AGGRESSIVE HYBRID FUNDS

Kotak Equity Hybrid Fund

4

62.1

6715

1.8

0.5

32.9

15.1

19.5

0.44

EQUITY – LARGE & MID CAP FUNDS

Kotak Equity Opportunities Fund

4

345.4

26175

1.6

0.5

39.7

19.6

23.6

17.3

0.47

HYBRID – EQUITY SAVINGS FUNDS

Kotak Equity Savings Fund

4

25.3

7644

1.8

0.7

18.7

11.5

11.6

9.7

0.46

EQUITY – SMALL CAP FUNDS

Kotak Small Cap Fund

4

285.2

18287

1.6

0.5

41.8

18.7

32.4

20.8

0.57

EQUITY – TAX SAVING (ELSS) FUNDS

Mirae Asset ELSS Tax Saver Fund

4

48.3

26418

1.5

0.6

34.2

13.5

21.9

0.45

EQUITY – THEMATIC – CONSUMPTION FUNDS

Mirae Asset Great Consumer Fund

4

98.6

4496

1.8

0.4

38.4

19.7

22.1

17.8

0.48

EQUITY – LARGE & MID CAP FUNDS

Mirae Asset Large & Midcap Fund

4

150.9

40670

1.5

0.6

33.1

13.3

22.8

20.0

0.47

EQUITY – TAX SAVING (ELSS) FUNDS

Motilal Oswal ELSS Tax Saver Fund

4

54.7

4195

1.8

0.6

66.3

25.2

25.0

0.47

EQUITY – MID CAP FUNDS

Nippon India Growth Fund

4

4189.0

35209

1.6

0.8

50.7

24.1

30.9

19.7

0.58

EQUITY – LARGE CAP FUNDS

Nippon India Large Cap Fund

4

89.3

34432

1.6

0.7

35.3

19.1

21.4

15.7

0.41

EQUITY – VALUE FUNDS

Nippon India Value Fund

4

231.3

8962

1.8

1.1

50.1

20.9

26.0

17.9

0.50

EQUITY – FLEXI CAP FUNDS

PGIM India Flexi Cap Fund

4

36.0

6704

1.8

0.4

29.1

9.1

21.8

0.45

EQUITY – FOCUSED FUNDS

Quant Focused Fund

4

91.0

1183

2.1

0.7

39.7

17.0

23.3

17.8

0.49

EQUITY – SECTOR – BANKING FUNDS

SBI Banking & Financial Services Fund

4

38.5

6407

1.8

0.7

34.1

13.2

15.9

0.28

EQUITY – THEMATIC – CONSUMPTION FUNDS

SBI Consumption Opportunities Fund

4

345.7

3101

2.0

0.9

40.1

23.9

24.3

17.9

0.49

EQUITY – SECTOR – IT FUNDS

Tata Digital India Fund

4

52.4

12052

1.7

0.4

44.3

10.3

28.3

0.57

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Tata Infrastructure Fund

4

196.6

2606

2.0

1.1

51.8

27.9

28.8

18.5

0.57

EQUITY – FLEXI CAP FUNDS

Union Flexi Cap Fund

4

51.3

2355

2.0

0.9

30.6

12.9

20.6

13.3

0.44

EQUITY – SECTOR – BANKING FUNDS

Aditya Birla SL Bank & Fin Serv

3

57.3

3408

2.0

1.0

20.3

11.8

14.7

15.3

0.26

EQUITY – SECTOR – IT FUNDS

Aditya Birla Sun Life Digital India Fund

3

185.4

5261

1.9

0.8

32.0

9.9

27.7

19.5

0.54

EQUITY – DIVIDEND YIELD FUNDS

Aditya Birla Sun Life Dividend Yield Fund

3

481.6

1625

2.2

1.4

46.0

21.7

25.4

14.2

0.52

EQUITY – FLEXI CAP FUNDS

Aditya Birla Sun Life Flexi Cap Fund

3

1794.8

23905

1.7

0.8

37.9

13.9

20.0

15.7

0.38

EQUITY – FOCUSED FUNDS

Aditya Birla Sun Life Focused Fund

3

142.0

8230

1.8

0.9

37.1

14.0

18.8

14.1

0.39

EQUITY – LARGE CAP FUNDS

Aditya Birla Sun Life Frontline Equity Fund

3

525.9

31389

1.6

1.0

33.7

13.7

18.7

14.0

0.39

EQUITY – THEMATIC – CONSUMPTION FUNDS

Aditya Birla Sun Life India GenNext Fund

3

222.7

6304

1.8

0.7

35.3

15.6

20.4

17.6

0.44

HYBRID – CONSERVATIVE HYBRID FUNDS

Aditya Birla Sun Life Regular Savings Fund

3

63.8

1413

1.9

1.0

13.8

8.2

9.8

9.3

0.42

HYBRID – CONSERVATIVE HYBRID FUNDS

Axis Conservative Hybrid Fund

3

28.8

305

2.2

0.9

11.2

5.6

8.5

7.3

0.47

HYBRID – EQUITY SAVINGS FUNDS

Axis Equity Savings Fund

3

21.7

1008

2.3

1.0

18.0

7.9

10.2

0.35

EQUITY – MID CAP FUNDS

Axis Midcap Fund

3

114.2

32016

1.6

0.5

44.7

15.8

24.2

18.2

0.55

HYBRID – BALANCED ADVANTAGE FUNDS

Bandhan Balanced Advantage Fund

3

23.7

2325

2.0

0.7

19.8

8.7

11.6

9.0

0.30

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Bandhan Infrastructure Fund

3

54.6

1906

2.1

0.8

65.2

30.3

31.1

18.2

0.53

EQUITY – LARGE CAP FUNDS

Bandhan Large Cap Fund

3

76.7

1745

2.1

0.9

38.7

13.6

18.4

12.9

0.40

HYBRID – CONSERVATIVE HYBRID FUNDS

Baroda BNP Paribas Conser Hybrid

3

43.2

756

2.0

0.5

13.6

7.1

7.9

7.8

0.45

EQUITY – TAX SAVING (ELSS) FUNDS

Baroda BNP Paribas ELSS Tax Saver Fund

3

96.7

988

2.2

1.0

44.3

15.1

19.3

14.4

0.42

EQUITY – MID CAP FUNDS

Baroda BNP Paribas Mid Cap Fund

3

105.0

2247

2.0

0.5

44.8

19.1

27.4

18.1

0.55

HYBRID – CONSERVATIVE HYBRID FUNDS

Canara Robeco Conservative Hybrid Fund

3

93.5

979

1.8

0.7

13.9

7.2

9.6

8.4

0.55

EQUITY – LARGE & MID CAP FUNDS

Canara Robeco Emerging Equities

3

259.5

25507

1.6

0.6

42.4

14.6

22.9

18.5

0.47

HYBRID – AGGRESSIVE HYBRID FUNDS

Canara Robeco Equity Hybrid Fund

3

355.5

11278

1.7

0.6

29.1

11.8

16.9

13.7

0.47

EQUITY – FLEXI CAP FUNDS

Canara Robeco Flexi Cap Fund

3

336.2

13713

1.7

0.6

34.5

12.1

19.7

14.7

0.44

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Canara Robeco Infrastructure Fund

3

167.5

883

2.3

1.0

64.3

30.4

30.6

18.1

0.58

HYBRID – BALANCED ADVANTAGE FUNDS

DSP Dynamic Asset Allocation Fund

3

26.6

3259

1.9

0.7

21.4

9.7

10.8

9.3

0.34

HYBRID – AGGRESSIVE HYBRID FUNDS

DSP Equity & Bond Fund

3

350.0

10610

1.8

0.7

30.7

12.3

16.9

14.2

0.41

EQUITY – LARGE & MID CAP FUNDS

DSP Equity Opportunities Fund

3

626.8

14486

1.7

0.7

45.6

18.2

22.5

17.2

0.45

EQUITY – FLEXI CAP FUNDS

DSP Flexi Cap Fund

3

105.5

12416

1.7

0.7

37.5

14.1

20.4

15.9

0.41

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

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

3

342.7

5646

1.9

0.8

61.0

32.0

30.3

19.3

0.54

EQUITY – SMALL CAP FUNDS

DSP Small Cap Fund

3

203.0

16705

1.7

0.8

37.4

21.7

32.0

20.7

0.57

EQUITY – FLEXI CAP FUNDS

Edelweiss Flexi Cap Fund

3

39.2

2439

2.0

0.5

47.5

17.8

21.7

0.44

EQUITY – LARGE & MID CAP FUNDS

Edelweiss Large & Mid Cap Fund

3

88.3

3781

1.9

0.5

41.4

17.0

22.6

16.3

0.47

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Franklin Build India Fund

3

145.0

2908

2.0

0.9

53.1

29.0

29.1

20.0

0.52

EQUITY – TAX SAVING (ELSS) FUNDS

Franklin India ELSS Tax Saver Fund

3

1500.6

7242

1.8

1.0

40.3

17.7

21.7

15.4

0.41

HYBRID – AGGRESSIVE HYBRID FUNDS

Franklin India Equity Hybrid Fund

3

266.5

2066

2.1

1.0

29.0

13.2

17.1

13.1

0.42

EQUITY – FOCUSED FUNDS

Franklin India Focused Equity Fund

3

109.2

13050

1.8

0.9

35.4

17.1

22.1

16.3

0.44

EQUITY – TAX SAVING (ELSS) FUNDS

HDFC ELSS Tax saver

3

1373.9

16761

1.7

1.1

42.9

21.2

22.3

14.2

0.44

HYBRID – EQUITY SAVINGS FUNDS

HDFC Equity Savings Fund

3

64.3

5302

1.9

0.9

17.2

9.6

11.7

9.8

0.42

HYBRID – AGGRESSIVE HYBRID FUNDS

HDFC Hybrid Equity Fund

3

115.7

24796

1.7

1.0

21.7

12.2

16.7

11.2

0.40

EQUITY – LARGE CAP FUNDS

HDFC Top 100 Fund

3

1158.6

38684

1.6

1.0

33.1

16.6

19.2

13.8

0.39

HYBRID – CONSERVATIVE HYBRID FUNDS

HSBC Conservative Hybrid Fund

3

59.4

134

2.2

1.3

18.5

8.4

9.4

8.2

0.48

EQUITY – FLEXI CAP FUNDS

HSBC Flexi Cap Fund

3

222.6

5165

1.9

1.2

45.2

17.1

21.8

14.6

0.42

EQUITY – LARGE CAP FUNDS

HSBC Large Cap Fund

3

488.0

2039

2.1

1.2

35.9

13.3

17.7

13.6

0.38

EQUITY – SMALL CAP FUNDS

HSBC Small Cap Fund

3

89.8

17306

1.7

0.7

41.9

24.8

32.0

21.9

0.53

EQUITY – VALUE FUNDS

HSBC Value Fund

3

111.1

14123

1.7

0.8

47.0

22.0

26.2

18.9

0.48

EQUITY – SECTOR – BANKING FUNDS

ICICI Prudential Banking & Financial Services Fund

3

124.5

8899

1.8

1.0

25.0

11.4

14.5

14.6

0.25

EQUITY – TAX SAVING (ELSS) FUNDS

ICICI Pru Long Term Equity

3

926.8

15321

1.7

1.1

34.8

13.9

20.1

14.2

0.41

EQUITY – MID CAP FUNDS

ICICI Prudential Midcap Fund

3

295.2

6778

1.9

1.0

51.6

20.3

26.4

17.4

0.49

HYBRID – BALANCED ADVANTAGE FUNDS

Invesco India Balanced Advantage Fund

3

53.2

889

2.2

0.9

26.0

12.1

12.4

10.6

0.32

EQUITY – TAX SAVING (ELSS) FUNDS

Invesco India ELSS Tax Saver Fund

3

129.6

3058

1.9

0.8

41.2

13.9

20.2

15.7

0.41

EQUITY – LARGE & MID CAP FUNDS

Invesco India Large & Mid Cap Fund

3

96.2

6493

1.8

0.6

56.0

20.3

22.2

17.0

0.46

EQUITY – LARGE CAP FUNDS

Invesco India Largecap Fund

3

69.8

1290

2.1

0.7

40.0

14.3

19.5

14.4

0.39

EQUITY – MID CAP FUNDS

Invesco India Midcap Fund

3

168.7

5904

1.8

0.6

55.6

22.3

28.7

19.5

0.58

EQUITY – FOCUSED FUNDS

JM Focused Fund

3

20.8

177

2.4

0.8

39.0

18.0

17.2

14.9

0.34

EQUITY – TAX SAVING (ELSS) FUNDS

Kotak ELSS Tax Saver Fund

3

119.2

6501

1.7

0.6

35.4

17.6

21.9

16.5

0.43

EQUITY – FLEXI CAP FUNDS

Kotak Flexicap Fund

3

82.3

53844

1.5

0.6

32.9

14.4

18.0

15.5

0.36

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Kotak Infra & Economic Reform

3

70.9

2524

2.0

0.6

51.5

28.4

29.2

18.1

0.53

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

LIC MF Infrastructure Fund

3

51.8

750

2.4

1.4

68.6

32.4

29.3

16.8

0.53

EQUITY – LARGE & MID CAP FUNDS

LIC MF Large & Midcap Fund

3

39.7

3235

1.9

0.6

44.6

15.5

20.8

0.43

EQUITY – SMALL CAP FUNDS

LIC MF Small Cap Fund

3

33.7

370

2.5

1.5

49.9

24.1

30.2

0.54

EQUITY – TAX SAVING (ELSS) FUNDS

Mahindra Manulife ELSS Tax Saver Fund

3

28.4

983

2.1

0.6

27.8

13.2

19.5

0.41

HYBRID – EQUITY SAVINGS FUNDS

Mahi Manu Eq Sav Dhan San Yojana

3

20.0

564

2.4

0.7

15.2

7.7

11.8

0.36

HYBRID – AGGRESSIVE HYBRID FUNDS

Mirae Asset Aggressive Hybrid Fund

3

31.7

9481

1.7

0.4

27.3

11.6

16.3

0.41

EQUITY – LARGE CAP FUNDS

Mirae Asset Large Cap Fund

3

111.0

42179

1.5

0.5

26.8

9.9

16.5

14.6

0.35

EQUITY – SECTOR – BANKING FUNDS

Nippon India Banking & Financial Services Fund

3

586.3

6389

1.9

1.1

26.3

15.5

17.5

14.3

0.29

EQUITY – FOCUSED FUNDS

Nippon India Focused Equity Fund

3

121.3

8979

1.8

1.1

30.2

14.0

22.0

15.7

0.41

EQUITY – TAX SAVING (ELSS) FUNDS

PGIM India ELSS Tax Saver Fund

3

34.3

799

2.2

0.7

25.5

12.7

18.9

0.40

EQUITY – LARGE CAP FUNDS

SBI Blue Chip Fund

3

92.2

53276

1.5

0.8

28.2

12.6

18.0

14.4

0.38

HYBRID – AGGRESSIVE HYBRID FUNDS

SBI Equity Hybrid Fund

3

282.3

74852

1.4

0.7

24.6

10.1

14.8

13.2

0.38

HYBRID – EQUITY SAVINGS FUNDS

SBI Equity Savings Fund

3

23.3

5410

1.2

0.7

15.5

10.2

11.7

0.38

EQUITY – FOCUSED FUNDS

SBI Focused Equity Fund

3

338.2

36367

1.6

0.7

27.3

10.6

18.0

15.6

0.39

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

SBI Infrastructure Fund

3

53.3

5071

1.9

1.0

49.0

27.5

28.0

18.3

0.54

EQUITY – LARGE & MID CAP FUNDS

SBI Large & Midcap Fund

3

614.8

29234

1.6

0.7

35.8

17.8

22.9

16.8

0.44

EQUITY – MID CAP FUNDS

SBI Magnum Midcap Fund

3

243.3

22338

1.7

0.8

34.0

19.8

28.9

18.0

0.55

EQUITY – SMALL CAP FUNDS

SBI Small Cap Fund

3

186.8

34217

1.6

0.7

36.9

20.6

29.0

23.3

0.59

HYBRID – AGGRESSIVE HYBRID FUNDS

Sundaram Aggressive Hybrid Fund

3

161.5

5506

1.8

0.7

28.5

11.2

16.6

13.3

0.43

HYBRID – BALANCED ADVANTAGE FUNDS

Sundaram Balanced Advantage Fund

3

34.9

1591

2.0

0.6

22.3

10.9

11.1

8.5

0.47

EQUITY – FOCUSED FUNDS

Sundaram Focused Fund

3

166.8

1173

2.2

1.2

34.5

13.0

20.6

14.8

0.45

EQUITY – SECTOR – BANKING FUNDS

Tata Banking and Financial Services Fund

3

40.0

2406

1.9

0.4

22.8

13.3

15.0

0.28

EQUITY – VALUE FUNDS

Tata Equity P/E Fund

3

368.0

9173

1.8

0.8

46.3

20.5

22.3

17.2

0.46

HYBRID – EQUITY SAVINGS FUNDS

Tata Equity Savings Fund

3

52.7

204

1.1

0.5

15.8

8.2

9.6

7.7

0.38

EQUITY – THEMATIC – CONSUMPTION FUNDS

Tata India Consumer Fund

3

46.4

2522

2.0

0.7

40.8

17.7

21.4

0.51

EQUITY – LARGE & MID CAP FUNDS

Tata Large & Mid Cap Fund

3

542.3

8677

1.8

0.7

32.2

16.9

21.1

15.6

0.44

EQUITY – LARGE CAP FUNDS

Tata Large Cap Fund

3

507.2

2531

2.0

1.0

33.9

13.1

17.8

13.3

0.36

EQUITY – MID CAP FUNDS

Tata Mid Cap Growth Fund

3

443.3

4637

1.9

0.7

41.3

19.6

26.6

18.6

0.53

EQUITY – MID CAP FUNDS

Taurus Mid Cap Fund

3

126.8

140

2.6

2.2

27.4

16.8

24.8

17.5

0.51

EQUITY – VALUE FUNDS

Templeton India Value Fund

3

740.8

2305

2.0

0.8

37.9

20.5

25.8

15.7

0.48

EQUITY – TAX SAVING (ELSS) FUNDS

Union ELSS Tax Saver Fund

3

65.7

987

2.2

1.3

32.5

14.2

21.3

13.6

0.45

EQUITY – SMALL CAP FUNDS

Union Small Cap Fund

3

51.9

1663

2.1

0.9

32.1

20.2

30.9

17.2

0.56

HYBRID – AGGRESSIVE HYBRID FUNDS

UTI Aggressive Hybrid Fund

3

402.9

6330

1.9

1.2

32.7

15.7

20.0

13.2

0.47

HYBRID – CONSERVATIVE HYBRID FUNDS

UTI Conservative Hybrid Fund

3

67.0

1665

1.8

1.2

16.7

8.6

10.3

8.9

0.51

EQUITY – TAX SAVING (ELSS) FUNDS

UTI ELSS Tax Saver Fund

3

212.0

4183

1.9

0.9

32.4

11.6

19.6

13.8

0.41

EQUITY – LARGE & MID CAP FUNDS

UTI Large & Mid Cap Fund

3

181.5

4086

2.0

1.1

45.9

19.9

25.2

15.6

0.48

EQUITY – LARGE CAP FUNDS

UTI Large Cap Fund

3

274.5

13987

1.7

0.9

27.7

10.1

17.4

13.2

0.37

EQUITY – MID CAP FUNDS

UTI Mid Cap Fund

3

316.4

12708

1.7

0.9

38.7

17.5

26.9

16.9

0.53

EQUITY – VALUE FUNDS

UTI Value Fund

3

172.4

10757

1.8

1.1

45.7

18.0

23.2

14.5

0.47

HYBRID – AGGRESSIVE HYBRID FUNDS

Aditya Birla Sun Life Equity Hybrid ’95 Fund

2

1507.5

8099

1.8

1.1

28.2

10.3

15.0

11.9

0.34

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Aditya Birla Sun Life Infrastructure Fund

2

99.5

1277

2.2

1.3

42.8

24.1

27.8

15.9

0.48

EQUITY – LARGE CAP FUNDS

Axis Bluechip Fund

2

60.0

36109

1.6

0.7

27.8

7.0

13.8

13.1

0.33

EQUITY – FLEXI CAP FUNDS

Bandhan Flexi Cap Fund

2

207.5

7918

1.9

1.1

32.3

13.2

17.1

13.2

0.35

HYBRID – AGGRESSIVE HYBRID FUNDS

Bandhan Hybrid Equity Fund

2

25.2

818

2.3

1.0

30.7

11.9

17.0

0.39

HYBRID – BALANCED ADVANTAGE FUNDS

Bank of India Balanced Advantage Fund

2

24.9

137

2.3

1.2

21.8

14.4

12.1

8.3

0.43

EQUITY – LARGE & MID CAP FUNDS

BOI Large & Mid Cap Equity Fund

2

90.2

378

2.3

1.2

38.5

15.4

21.2

13.4

0.44

EQUITY – SECTOR – BANKING FUNDS

Baroda BNP Paribas Bank&Fin Serv

2

44.6

187

2.4

1.0

31.3

12.3

13.4

12.2

0.24

HYBRID – EQUITY SAVINGS FUNDS

DSP Equity Savings Fund

2

21.0

1937

1.4

0.5

17.3

8.9

10.2

0.32

EQUITY – FOCUSED FUNDS

DSP Focus Fund

2

55.0

2704

2.0

1.0

40.3

15.9

17.8

14.2

0.35

EQUITY – MID CAP FUNDS

DSP Midcap Fund

2

150.7

20237

1.7

0.7

41.4

15.5

22.4

17.6

0.47

HYBRID – CONSERVATIVE HYBRID FUNDS

DSP Regular Savings Fund

2

56.0

181

1.1

0.5

15.6

8.3

8.9

7.6

0.42

EQUITY – TAX SAVING (ELSS) FUNDS

Edelweiss Long Term Equity

2

112.8

413

2.3

0.7

39.5

15.2

19.1

14.2

0.38

EQUITY – LARGE CAP FUNDS

Franklin India Bluechip Fund

2

1023.7

8375

1.8

1.1

33.1

11.4

17.8

12.6

0.37

HYBRID – CONSERVATIVE HYBRID FUNDS

Franklin India Debt Hybrid Fund

2

86.8

217

1.4

0.7

14.7

8.1

8.5

8.1

0.35

EQUITY – MID CAP FUNDS

Franklin India Prima Fund

2

2785.3

12943

1.8

1.0

50.1

19.4

24.2

17.9

0.47

EQUITY – SMALL CAP FUNDS

Franklin India Smaller Companies Fund

2

183.2

14460

1.7

0.9

40.2

24.6

30.1

19.1

0.53

EQUITY – VALUE FUNDS

HDFC Capital Builder Value Fund

2

745.3

7883

1.8

1.0

43.3

18.0

21.8

15.4

0.41

EQUITY – SMALL CAP FUNDS

HDFC Small Cap Fund

2

140.8

33963

1.6

0.7

32.0

21.9

29.4

20.1

0.51

HYBRID – AGGRESSIVE HYBRID FUNDS

HSBC Aggressive Hybrid Fund

2

55.9

5849

1.9

0.8

32.8

13.0

16.2

13.0

0.37

EQUITY – TAX SAVING (ELSS) FUNDS

HSBC ELSS Tax saver Fund

2

137.0

4485

1.9

1.1

49.1

17.9

20.9

15.3

0.40

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

HSBC Infrastructure Fund

2

51.1

2790

2.0

1.0

52.4

27.2

27.2

18.7

0.48

EQUITY – MID CAP FUNDS

HSBC Midcap Fund

2

406.3

12280

1.7

0.7

57.2

22.4

25.9

19.0

0.50

HYBRID – EQUITY SAVINGS FUNDS

ICICI Prudential Equity Savings Fund

2

21.5

12168

1.0

0.5

10.5

8.3

8.5

0.25

EQUITY – THEMATIC – CONSUMPTION FUNDS

ICICI Prudential FMCG Fund

2

513.4

1885

2.1

1.3

14.3

13.9

15.1

14.1

0.42

EQUITY – SECTOR – BANKING FUNDS

LIC MF Banking & Financial Services Fund

2

19.9

291

2.4

1.1

13.7

10.8

11.8

0.22

EQUITY – TAX SAVING (ELSS) FUNDS

LIC MF ELSS Tax Saver

2

155.7

1209

2.1

1.0

35.5

13.7

17.3

14.0

0.35

EQUITY – FLEXI CAP FUNDS

LIC MF Flexi Cap Fund

2

104.0

1135

2.3

1.4

33.2

14.4

16.4

10.9

0.36

EQUITY – LARGE CAP FUNDS

LIC MF Large Cap Fund

2

56.4

1588

2.1

1.0

31.2

9.2

14.9

12.2

0.33

HYBRID – BALANCED ADVANTAGE FUNDS

Motilal Oswal Balanced Advantage Fund

2

22.4

1316

2.2

0.9

20.5

12.3

11.5

0.34

EQUITY – FOCUSED FUNDS

Motilal Oswal Focused Fund

2

48.9

2130

2.0

0.9

33.0

12.2

16.0

13.9

0.36

EQUITY – LARGE & MID CAP FUNDS

Navi Large & Midcap Fund

2

36.3

333

2.3

0.3

26.7

12.5

18.8

0.36

EQUITY – LARGE & MID CAP FUNDS

Nippon India Vision Fund

2

1454.5

5619

2.0

1.5

45.5

18.1

22.8

14.1

0.45

EQUITY – TAX SAVING (ELSS) FUNDS

Quantum ELSS Tax Saver Fund

2

125.8

218

2.0

0.9

39.2

16.4

19.6

13.3

0.41

EQUITY – VALUE FUNDS

Quantum Long Term Equity Value Fund

2

126.7

1230

2.0

1.1

39.6

16.4

19.6

13.2

0.40

EQUITY – FLEXI CAP FUNDS

SBI Flexicap Fund

2

111.0

23489

1.7

0.8

28.5

11.6

17.2

15.2

0.36

EQUITY – SECTOR – IT FUNDS

SBI Technology Opportunities Fund

2

217.0

4435

1.9

0.8

37.6

11.9

26.9

17.7

0.57

EQUITY – TAX SAVING (ELSS) FUNDS

Sundaram ELSS Tax Saver Fund

2

506.3

1434

2.2

1.6

30.8

13.8

20.5

14.9

0.43

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Sundaram Infrastructure Advantage Fund

2

98.2

1067

2.3

1.7

49.0

22.7

26.0

16.3

0.45

EQUITY – LARGE & MID CAP FUNDS

Sundaram Large and Mid Cap Fund

2

87.1

7258

1.8

0.7

38.6

14.6

19.2

16.1

0.38

EQUITY – MID CAP FUNDS

Sundaram Mid Cap Fund

2

1401.8

13129

1.7

0.9

52.7

23.2

25.7

17.9

0.47

EQUITY – TAX SAVING (ELSS) FUNDS

Tata ELSS Tax Saver Fund

2

45.6

4926

1.8

0.7

36.5

15.8

19.9

16.6

0.40

HYBRID – AGGRESSIVE HYBRID FUNDS

Tata Hybrid Equity Fund

2

442.5

4312

1.9

1.0

26.6

12.1

15.7

12.0

0.39

EQUITY – LARGE CAP FUNDS

Union Largecap Fund

2

23.8

435

2.5

1.6

27.8

10.2

16.7

0.35

EQUITY – DIVIDEND YIELD FUNDS

UTI Dividend Yield Fund

2

183.6

4485

2.0

1.4

48.9

17.3

22.8

15.1

0.51

EQUITY – FLEXI CAP FUNDS

UTI Flexi Cap Fund

2

325.2

27706

1.6

1.0

26.7

5.3

17.7

13.7

0.37

EQUITY – THEMATIC – CONSUMPTION FUNDS

UTI India Consumer Fund

2

61.1

777

2.4

1.6

39.0

14.2

17.8

12.8

0.44

EQUITY – TAX SAVING (ELSS) FUNDS

Aditya Birla Sun Life ELSS Tax Saver Fund

1

60.5

17102

1.7

0.9

34.4

11.6

14.5

13.3

0.32

EQUITY – LARGE & MID CAP FUNDS

Aditya Birla Sun Life Equity Advantage Fund

1

922.3

6380

1.9

1.0

32.3

8.4

18.0

14.4

0.33

HYBRID – EQUITY SAVINGS FUNDS

Aditya Birla Sun Life Equity Savings Fund

1

20.9

640

1.1

0.6

10.7

5.5

8.8

0.27

EQUITY – MID CAP FUNDS

Aditya Birla Sun Life Midcap Fund

1

820.0

6440

1.9

1.0

44.1

18.4

25.3

16.8

0.47

EQUITY – VALUE FUNDS

Aditya Birla Sun Life Pure Value Fund

1

133.7

6779

1.9

1.0

40.3

19.9

23.6

15.0

0.44

EQUITY – SMALL CAP FUNDS

Aditya Birla Sun Life Small Cap Fund

1

92.4

5430

1.9

0.9

36.6

16.1

25.1

16.5

0.43

EQUITY – TAX SAVING (ELSS) FUNDS

Axis ELSS Tax Saver Fund

1

96.9

39253

1.5

0.8

33.1

6.9

15.1

14.5

0.31

EQUITY – FOCUSED FUNDS

Axis Focused Fund

1

55.2

14470

1.7

0.8

30.6

3.3

13.0

13.9

0.27

HYBRID – CONSERVATIVE HYBRID FUNDS

Bandhan Conservative Hybrid Fund

1

31.0

117

2.0

1.0

12.9

5.6

6.7

7.4

0.29

EQUITY – FOCUSED FUNDS

Bandhan Focused Equity Fund

1

87.7

1794

2.1

0.8

44.7

15.8

19.2

13.3

0.39

EQUITY – LARGE CAP FUNDS

DSP Top 100 Equity Fund

1

467.4

4613

1.9

1.1

38.3

15.2

16.7

12.6

0.33

EQUITY – LARGE & MID CAP FUNDS

Franklin India Equity Advantage Fund

1

189.5

3798

2.0

1.3

36.9

12.5

19.5

13.7

0.37

EQUITY – SECTOR – IT FUNDS

Franklin India Technology Fund

1

540.9

1904

2.1

1.1

45.7

14.9

27.7

17.8

0.58

EQUITY – LARGE CAP FUNDS

Groww Largecap Fund

1

43.4

133

2.4

1.0

33.3

12.1

15.0

12.8

0.31

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

HDFC Infrastructure Fund

1

48.7

2607

2.0

1.1

46.7

31.1

26.4

12.7

0.44

HYBRID – AGGRESSIVE HYBRID FUNDS

LIC MF Aggressive Hybrid Fund

1

195.2

560

2.5

1.4

29.1

11.3

12.9

9.6

0.32

EQUITY – MID CAP FUNDS

LIC MF Midcap Fund

1

30.2

334

2.5

1.6

48.0

16.6

24.2

0.45

EQUITY – FLEXI CAP FUNDS

Motilal Oswal Flexi Cap Fund

1

62.3

12564

1.7

0.9

58.2

19.3

18.5

16.9

0.37

EQUITY – TAX SAVING (ELSS) FUNDS

Nippon India ELSS Tax Saver Fund

1

130.2

16711

1.7

1.0

39.5

17.0

20.2

12.2

0.39

HYBRID – AGGRESSIVE HYBRID FUNDS

Nippon India Equity Hybrid Fund

1

104.0

3976

2.0

1.1

29.3

15.0

14.4

11.3

0.26

HYBRID – EQUITY SAVINGS FUNDS

Nippon India Equity Savings Fund

1

15.5

658

1.7

0.7

12.3

7.3

5.9

0.09

HYBRID – CONSERVATIVE HYBRID FUNDS

Nippon India Hybrid Bond Fund

1

54.6

831

1.9

1.1

9.9

7.6

4.7

6.0

0.07

EQUITY – LARGE CAP FUNDS

PGIM India Large Cap Fund

1

337.2

633

2.4

0.9

23.9

8.6

14.5

11.7

0.31

EQUITY – THEMATIC – CONSUMPTION FUNDS

Sundaram Consumption Fund

1

100.7

1724

2.1

1.3

32.5

18.3

19.3

16.3

0.41

EQUITY – DIVIDEND YIELD FUNDS

Sundaram Dividend Yield Fund

1

141.9

989

2.2

0.9

39.2

16.3

21.8

15.6

0.50

EQUITY – SMALL CAP FUNDS

Sundaram Small Cap Fund

1

269.2

3581

1.9

0.8

37.8

20.1

29.9

16.8

0.49

EQUITY – FLEXI CAP FUNDS

Taurus Flexi Cap Fund

1

236.3

393

2.7

2.6

34.2

14.6

16.9

11.1

0.34

EQUITY – SECTOR – BANKING FUNDS

UTI Banking and Financial Services Fund

1

176.5

1192

2.2

1.2

27.1

12.1

13.6

11.6

0.23

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

UTI Infrastructure Fund

1

148.4

2472

2.2

1.8

46.2

22.7

23.3

14.8

0.43

HYBRID – BALANCED ADVANTAGE FUNDS

UTI-Unit Linked Insurance Plan

1

40.3

5616

1.6

0.9

16.3

6.2

10.4

8.7

0.33

EQUITY – THEMATIC – MNC FUNDS

Aditya Birla Sun Life MNC Fund

1448.1

4180

2.0

1.3

34.8

12.6

13.8

13.4

0.33

HYBRID – AGGRESSIVE HYBRID FUNDS

Axis Aggressive Hybrid Fund

20.5

1702

2.1

1.1

26.6

7.8

13.2

0.32

HYBRID – BALANCED ADVANTAGE FUNDS

Axis Balanced Advantage Fund

20.5

2577

2.0

0.8

28.9

11.9

12.8

0.47

EQUITY – FLEXI CAP FUNDS

Axis Flexi Cap Fund

26.7

13464

1.7

0.7

36.4

9.4

16.3

0.38

EQUITY – LARGE & MID CAP FUNDS

Axis Growth Opportunities Fund

33.0

14526

1.7

0.6

40.3

14.5

23.5

0.50

HYBRID – EQUITY SAVINGS FUNDS

Bandhan Equity Savings Fund

29.9

162

1.1

0.2

9.9

6.4

8.2

6.7

0.26

HYBRID – CONSERVATIVE HYBRID FUNDS

Bank of India Conservative Hybrid Fund

33.3

67

2.1

1.1

11.5

12.7

12.2

8.0

0.83

EQUITY – SMALL CAP FUNDS

Bank of India Small Cap Fund

50.0

1517

2.0

0.5

43.4

22.6

37.7

0.73

HYBRID – BALANCED ADVANTAGE FUNDS

Baroda BNP Paribas Balanced Advantage Fund

23.7

4187

1.9

0.7

26.1

12.3

16.8

0.55

EQUITY – FOCUSED FUNDS

Baroda BNP Paribas Focused Fund

23.1

726

2.3

0.4

37.0

14.2

18.4

0.39

EQUITY – THEMATIC – CONSUMPTION FUNDS

Baroda BNP Paribas India Consumption Fund

33.2

1575

2.1

0.6

39.0

17.0

21.7

0.51

EQUITY – MULTI CAP FUNDS

Baroda BNP Paribas Multi Cap Fund

296.2

2811

2.0

0.9

47.2

16.8

24.9

15.8

0.51

EQUITY – SMALL CAP FUNDS

Canara Robeco Small Cap Fund

41.8

12591

1.7

0.4

39.1

20.7

35.1

0.65

EQUITY – SECTOR – PHARMA FUNDS

DSP Healthcare Fund

41.3

3094

1.9

0.6

54.3

20.9

32.4

0.89

HYBRID – AGGRESSIVE HYBRID FUNDS

Edelweiss Aggressive Hybrid Fund

62.5

2198

2.0

0.4

33.4

16.9

19.2

13.7

0.48

EQUITY – SMALL CAP FUNDS

Edelweiss Small Cap Fund

46.1

4293

1.8

0.4

42.0

22.8

33.7

0.62

HYBRID – EQUITY SAVINGS FUNDS

Franklin India Equity Savings Fund

15.8

702

1.1

0.3

11.5

6.4

9.0

0.29

HYBRID – AGGRESSIVE HYBRID FUNDS

Groww Aggressive Hybrid Fund

21.0

47

2.3

0.9

28.3

10.5

14.1

0.34

EQUITY – TAX SAVING (ELSS) FUNDS

Groww ELSS Tax Saver Fund

21.0

51

2.3

0.6

39.4

14.1

16.4

0.35

EQUITY – VALUE FUNDS

Groww Value Fund

26.6

44

2.3

0.9

34.3

14.0

18.5

0.39

HYBRID – BALANCED ADVANTAGE FUNDS

HDFC Balanced Advantage Fund

509.4

96536

1.4

0.7

31.9

20.4

21.3

15.3

0.47

EQUITY – LARGE & MID CAP FUNDS

HSBC Large & Mid Cap Fund

27.9

3718

1.9

0.9

48.0

18.1

22.8

0.44

EQUITY – TAX SAVING (ELSS) FUNDS

HSBC Tax Saver Equity Fund

93.9

261

2.5

1.6

44.1

16.2

20.8

14.6

0.40

EQUITY – MULTI CAP FUNDS

ICICI Prudential Multicap Fund

804.0

14691

1.7

0.9

42.2

19.8

22.8

16.3

0.44

EQUITY – SECTOR – PHARMA FUNDS

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

39.0

4987

1.9

1.1

60.2

22.4

32.2

0.95

EQUITY – SMALL CAP FUNDS

ICICI Prudential Smallcap Fund

91.0

8825

1.8

0.7

32.7

19.9

29.5

17.7

0.52

HYBRID – AGGRESSIVE HYBRID FUNDS

Invesco India Aggressive Hybrid Fund

22.8

545

2.4

0.8

40.1

14.8

16.0

0.39

EQUITY – CONTRA FUNDS

Invesco India Contra Fund

137.9

18470

1.6

0.5

50.1

19.3

23.9

17.9

0.48

HYBRID – EQUITY SAVINGS FUNDS

Invesco India Equity Savings Fund

16.7

313

2.3

0.7

22.0

9.2

9.9

0.39

EQUITY – MULTI CAP FUNDS

Invesco India Multicap Fund

137.2

3962

1.9

0.7

45.8

18.2

24.0

16.7

0.46

EQUITY – SMALL CAP FUNDS

Invesco India Smallcap Fund

42.9

5376

1.8

0.4

55.3

24.6

33.1

0.60

HYBRID – BALANCED ADVANTAGE FUNDS

Kotak Balanced Advantage Fund

20.0

17206

1.7

0.5

21.9

11.1

12.9

0.35

EQUITY – CONTRA FUNDS

Kotak India EQ Contra Fund

152.8

4047

1.9

0.6

47.7

20.4

23.4

17.0

0.46

HYBRID – CONSERVATIVE HYBRID FUNDS

LIC MF Conservative Hybrid Fund

79.3

51

2.3

1.2

11.3

5.4

7.0

6.7

0.39

EQUITY – DIVIDEND YIELD FUNDS

LIC MF Dividend Yield Fund

31.7

436

2.5

1.5

56.1

20.3

24.4

0.54

HYBRID – EQUITY SAVINGS FUNDS

LIC MF Equity Savings Fund

26.2

22

2.0

1.0

14.0

7.1

9.0

7.2

0.28

EQUITY – FOCUSED FUNDS

LIC MF Focused Fund

22.1

154

2.5

1.6

29.2

10.9

17.2

0.38

EQUITY – SECTOR – PHARMA FUNDS

LIC MF Healthcare Fund

30.0

75

2.4

1.2

57.2

14.8

24.7

0.71

EQUITY – VALUE FUNDS

LIC MF Value Fund

25.8

132

2.5

1.6

40.6

15.1

20.3

0.42

EQUITY – THEMATIC – CONSUMPTION FUNDS

Mahindra Manulife Consumption Fund

24.1

376

2.4

0.7

39.8

19.1

19.0

0.42

EQUITY – LARGE CAP FUNDS

Mahindra Manulife Large Cap Fund

22.9

596

2.3

0.7

30.5

11.5

16.7

0.37

EQUITY – MID CAP FUNDS

Mahindra Manulife Mid Cap Fund

34.5

3442

1.9

0.4

50.5

22.7

29.2

0.60

EQUITY – MULTI CAP FUNDS

Mahindra Manulife Multi Cap Fund

35.9

4869

1.8

0.4

41.3

17.8

26.4

0.53

HYBRID – EQUITY SAVINGS FUNDS

Mirae Asset Equity Savings Fund

19.4

1325

1.3

0.3

17.6

9.3

12.5

0.45

EQUITY – SECTOR – PHARMA FUNDS

Mirae Asset Healthcare Fund

39.2

2794

1.9

0.5

52.0

18.3

30.7

0.90

HYBRID – AGGRESSIVE HYBRID FUNDS

Navi Aggressive Hybrid Fund

20.5

113

2.3

0.4

24.8

11.7

13.9

0.32

HYBRID – CONSERVATIVE HYBRID FUNDS

Navi Conservative Hybrid Fund

26.3

36

2.0

0.3

10.4

5.6

6.1

6.5

0.25

EQUITY – TAX SAVING (ELSS) FUNDS

Navi ELSS Tax Saver Fund

29.6

67

2.3

0.3

25.1

10.5

15.5

0.30

EQUITY – FLEXI CAP FUNDS

Navi Flexi Cap Fund

23.7

281

2.3

0.4

26.0

11.9

17.2

0.34

HYBRID – BALANCED ADVANTAGE FUNDS

Nippon India Balanced Advantage Fund

171.7

8950

1.7

0.6

23.4

11.3

13.4

11.2

0.40

EQUITY – THEMATIC – CONSUMPTION FUNDS

Nippon India Consumption Fund

206.3

2023

2.0

0.7

37.3

20.1

24.7

15.8

0.59

EQUITY – MULTI CAP FUNDS

Nippon India Multi Cap Fund

302.4

39622

1.6

0.7

43.3

25.7

26.5

16.5

0.46

EQUITY – SECTOR – PHARMA FUNDS

Nippon India Pharma Fund

523.1

8769

1.8

0.9

48.7

19.0

29.7

16.2

0.84

HYBRID – EQUITY SAVINGS FUNDS

PGIM India Equity Savings Fund

47.2

90

1.3

0.5

9.5

5.8

7.5

8.2

0.24

HYBRID – AGGRESSIVE HYBRID FUNDS

PGIM India Hybrid Equity Fund

125.4

219

2.3

0.8

23.0

6.8

12.7

9.6

0.29

EQUITY – MULTI CAP FUNDS

Quant Active Fund

684.3

11229

1.7

0.6

34.5

16.1

30.0

20.2

0.59

EQUITY – FLEXI CAP FUNDS

Quant Flexi Cap Fund

105.1

7912

1.8

0.6

47.3

20.3

34.1

21.1

0.69

EQUITY – CONTRA FUNDS

SBI Contra Fund

393.8

41327

1.5

0.6

40.0

24.2

31.4

17.9

0.64

EQUITY – SECTOR – PHARMA FUNDS

SBI Healthcare Opportunities Fund

421.1

3346

2.0

0.9

51.8

21.9

30.7

14.8

0.84

EQUITY – THEMATIC – MNC FUNDS

SBI Magnum Global Fund

377.2

6879

1.9

1.2

12.7

9.0

16.2

13.2

0.42

HYBRID – AGGRESSIVE HYBRID FUNDS

Shriram Aggressive Hybrid Fund

32.9

52

2.3

0.8

29.6

11.1

13.8

10.7

0.37

EQUITY – TAX SAVING (ELSS) FUNDS

Shriram ELSS Tax Saver Fund

23.7

57

2.3

0.7

35.9

12.9

17.0

0.40

EQUITY – FLEXI CAP FUNDS

Shriram Flexi Cap Fund

22.9

138

2.3

0.7

38.4

13.6

16.6

0.37

HYBRID – CONSERVATIVE HYBRID FUNDS

Sundaram Conservative Hybrid Fund

28.8

28

2.2

1.1

12.4

6.5

8.8

7.8

0.44

EQUITY – TAX SAVING (ELSS) FUNDS

Sundaram Diversified Equity

219.7

1681

2.2

1.6

26.8

12.4

17.0

13.3

0.34

EQUITY – MULTI CAP FUNDS

Sundaram Multi Cap Fund

384.8

2915

2.0

0.9

38.1

15.9

22.8

16.2

0.45

HYBRID – BALANCED ADVANTAGE FUNDS

Tata Balanced Advantage Fund

20.3

10453

1.7

0.3

20.1

11.1

13.8

0.49

EQUITY – FLEXI CAP FUNDS

Tata Flexi Cap Fund

23.8

3140

1.9

0.7

29.5

11.8

16.8

0.37

EQUITY – SECTOR – PHARMA FUNDS

Tata India Pharma & Healthcare Fund

31.1

1208

2.1

0.7

53.3

20.2

28.5

0.86

EQUITY – SMALL CAP FUNDS

Tata Small Cap Fund

44.1

9319

1.7

0.3

47.8

26.1

34.3

0.65

EQUITY – SECTOR – BANKING FUNDS

Taurus Banking & Financial Services Fund

51.0

11

2.5

1.8

22.5

11.6

13.7

12.3

0.25

EQUITY – TAX SAVING (ELSS) FUNDS

Taurus ELSS Tax Saver Fund

187.2

84

2.5

2.0

34.9

16.0

19.1

14.5

0.40

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Taurus Infrastructure Fund

72.8

11

2.5

2.2

42.3

21.7

24.7

16.5

0.50

EQUITY – LARGE CAP FUNDS

Taurus Large Cap Fund

160.5

53

2.6

2.5

36.9

14.0

16.5

11.4

0.34

HYBRID – BALANCED ADVANTAGE FUNDS

Union Balanced Advantage Fund

19.8

1527

2.1

1.0

19.7

9.2

12.5

0.38

HYBRID – EQUITY SAVINGS FUNDS

Union Equity Savings Fund

16.4

127

2.0

1.4

13.5

6.9

8.7

0.34

EQUITY – VALUE FUNDS

Union Value Fund

28.7

298

2.5

1.3

37.0

17.2

22.7

0.47

HYBRID – EQUITY SAVINGS FUNDS

UTI Equity Savings Fund

17.7

594

1.6

0.8

15.5

9.8

11.5

0.49

EQUITY – SECTOR – PHARMA FUNDS

UTI Healthcare Fund

288.1

1201

2.2

1.3

55.5

19.0

29.6

13.9

0.86

EQUITY – THEMATIC – MNC FUNDS

UTI MNC Fund

413.7

3249

2.0

1.2

31.7

13.0

15.8

13.7

0.41



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Nifty October futures trade at premium


Reliance Industries, HDFC Bank and ICICI Bank were the top traded contracts.

The Nifty October 2024 futures closed at 25,032.60, a premium of 61.3 points compared with the Nifty’s closing 24,971.30 in the cash market.

In the cash market, the Nifty 50 fell 86.05 points or 0.34% to 24,971.30.

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The NSE’s India VIX, a gauge of the market’s expectation of volatility over the near term, rose 0.63% to 13.09.

Reliance Industries, HDFC Bank and ICICI Bank were the top traded individual stock futures contracts in F&O segment of NSE.

The October 2024 F&O contracts will expire on 31 October 2024.

 

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Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Oct 16 2024 | 4:29 PM IST



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Sensex slides 318 pts; Nifty ends below 25,000; auto shares underpressure


The domestic equity indices ended with modest losses on Wednesday. The Nifty settled below the 25,000 level. Realty, oil & gas and financial services shares advanced while auto, IT and media shares declined.

As per provisional closing, the S&P BSE Sensex, was down 318.76 points or 0.39% to 81,501.36. The Nifty 50 index lost 86.05 points or 0.34% to 24,971.30.

In the broader market, the S&P BSE Mid-Cap index fell 0.10% and the S&P BSE Small-Cap index rose 0.31%.

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The market breadth was positive. On the BSE, 2,030 shares rose and 1,930 shares fell. A total of 108 shares were unchanged.

 

The NSE’s India VIX, a gauge of the market’s expectation of volatility over the near term, rose 0.63% to 13.09.

Economy:

Indias trade deficit or the gap between imports and exports was $20.78 billion during the month of September. The trade deficit narrowed from $29.7 billion a month back, according to data released on October 16, as merchandise export growth turned positive for the first time in three months. India’s merchandise exports in September slightly rose to $34.58 billion against $34.41 billion a year ago. Imports increased by 1.6% to $55.36 billion in September compared to $54.49 billion in the year-ago period.

IPO Update:

The initial public offer (IPO) of Hyundai Motor India received bids for 2,82,96,149 shares as against 9,97,69,810 shares on offer, according to stock exchange data at 15:15 IST on Wednesday (16 October 2024). The issue was subscribed 0.28 times.

The issue opened for bidding on Tuesday (15 October 2024) and it will close on Thursday (17 October 2024). The price band of the IPO is fixed between Rs 1,865 to Rs 1,960 per share. An investor can bid for a minimum of 7 equity shares and in multiples thereof.

Buzzing Index:

The Nifty Auto index fell 1.27% to 25,909. The index declined 2.48% in two trading sessions.

Mahindra & Mahindra (down 2.92%), TVS Motor Company (down 2.06%), Samvardhana Motherson International (down 2.06%), Exide Industries (down 1.94%), Hero MotoCorp (down 1.93%), Tata Motors (down 1.18%), Bosch (down 1.1%), Eicher Motors (down 0.95%), Ashok Leyland (down 0.95%) and Maruti Suzuki India (down 0.65%) edged lower.

On the other hand, Apollo Tyres (up 1.24%), Bajaj Auto (up 0.81%) edged higher.

Stocks in Spotlight:

Larsen & Toubro (L&T) shed 0.59%. The company said that the companys heavy civil infrastructure vertical has secured a ‘significant order from Uttar Pradesh Metro Rail Corporation (UPMRCL) for the design and construction of Agra Metro Phase 1, Line-2.

Rallis India soared 12.34% after the company reported 19.51% increase in net profit to Rs 98 crore in Q2 FY25 as against Rs 82 crore posted in Q2 FY24. Revenue from operations jumped 11.53% year on year (YoY) to Rs 928 crore in the quarter ended 30 September 2024.

KEI Industries dropped 7.18%. The company reported 10.41% increase in consolidated net profit to Rs 154.81 crore in Q2 FY25 as against Rs 140.21 crore posted in Q2 FY24. Revenue from operations jumped 17.21% year on year (YoY) to Rs 2,279.65 crore in Q2 FY25.

Strides Pharma Science jumped 4.03% after the firm said that its associate company, OneSource Specialty Pharma received commitment for raising Rs 801 crore ($95 million) from investors, in the pre-listing round.

Sunteck Realty fell 0.18%. The company said that it has recorded 32.66% increase in pre-sales to Rs 524 crore in Q2 FY25 from Rs 395 crore in Q2 FY24.

Akums Drugs and Pharmaceuticals rallied 5.15% after the company announced that it has entered into a license & distribution agreement with Triple Hair Inc, a company incorporated in New Brunswick, Canada.

BEML jumped 4.04% after the company received a contract worth Rs 866.87 from Integral Coach Factory (ICF), Chennai for design, manufacturing, and commissioning of two high-speed trainsets, each comprising eight cars.

PNC Infratech jumped 4.43% after the company received letters of acceptance from the Maharashtra State Road Development Corporation (MSRDC) for road projects on EPC mode aggregating to Rs 4,630 crore.

Ashoka Buildcon advanced 1.74% after the civil construction company received letter of acceptance (LoA) for projects totalling to Rs 1,126.58 crore from the Brihanmumbai Municipal Corporation (BMC).

RailTel Corporation of India surged 6.62% after the company informed that it has received work order from Maharashtra Housing And Area Development Authority (MHADA) amounting to Rs 79.84 crore.

Global Markets:

European shares declined on Tuesday. The U.K.s statistics agency said average wages excluding bonuses rose 4.9% year on year across June to August, cooling slightly from 5.1% in May to July.

Asian stocks ended lower tracking record highs on Wall Street as the third-quarter earnings season approached, while Chinese stocks fell amid waning optimism over new fiscal stimulus.

Investors assessed trade data out of South Korea, which showed trade surplus surging to $6.7 billion in September, up from $3.7 billion in August.

Japanese shares climbed as sentiment was buoyed by reports that Tokyo Metro raised $2.3 billion in the countrys biggest initial public offering in six years.

A rally in technology shares spurred record highs on Wall Street on Monday, with focus turning to a string of key upcoming earnings and economic readings. The S&P 500 rose 0.77% to a record high of 5,859.85 points, while the Dow Jones Industrial Average rose 0.47% to a record high of 43,065.22 points on Monday. The NASDAQ Composite rose 0.87% to 18,502.64, and was back in sight of peaks hit earlier this year.

Investors will watch for crucial economic data this week, notably the September retail sales figures, for clues on the financial health of U.S. consumers.

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First Published: Oct 16 2024 | 3:48 PM IST



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Gala Precision Engineering shares skyrocket 15% due to heavy volume



Shares of Gala Precision Engineering climbed as much as 15.56 per cent to hit an all-time high of Rs 944.90 on the NSE today amidst heavy demand. A combined total of nearly 4.59 lakh shares worth around Rs 41.35 crore have exchanged hands on NSE and BSE on Wednesday.


On the NSE alone, the trading volume of Gala Precision Engineering jumped to 4,13,933, nearly 7 times its weekly average volume of 63,527, leading to a surge in the stock price.

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Gala Precision Engineering is a leading precision component manufacturer used in sectors like renewable energy, including wind turbines and hydropower plants, various industrial sectors such as electrical, off-highway equipment, infrastructure, and general engineering, and mobility segments such as automotive and railways. The company’s business mainly comprises the Springs Technology Division under which it manufactures disc & strip springs (DSS), including wedge lock washers (WLW), coil & spiral springs (CSS), and special fastening solutions (SFS), where it manufactures anchor bolts, studs, and nuts.

 


The company, as of October 16, 2024, commands a market capitalisation of Rs 1,168.24 crore on the NSE.


In Q2FY25, Gala Precision Engineering’s consolidated revenue from operations stood at Rs 53.17 crore, against Rs 46.38 crore reported in the corresponding quarter of FY24. The company’s consolidated total comprehensive income for the quarter ended June 30, 2024, was recorded at Rs 6.29 crore, compared to Rs 4.97 crore in the same quarter of the previous fiscal year.


Earlier, on September 9 this year, shares of Gala Precision Engineering made a robust debut on the NSE, listing at Rs 721.10, a premium of 36.31 per cent over their IPO issue price of Rs 529.


At around 2:41 pm on Wednesday, Gala Precision Engineering shares were quoted trading at Rs 922.05, up 12.77 per cent from its previous close of Rs 817.65.


The company’s shares have so far rallied 31.09 per cent from their listing price and 78.62 per cent from their IPO allotment price.


Shares of Gala Precision Engineering have a 52-week range of Rs 944.90 – Rs 682 on the NSE.


Meanwhile, the benchmark equity indices, BSE Sensex and NSE Nifty 50, are trading lower on Wednesday. The Sensex was quoted 258.15 points, or 0.32 per cent, lower at 81,561.97, and Nifty 50 at 24,988.35, down 69 points or 0.28 per cent.

First Published: Oct 16 2024 | 3:09 PM IST



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