Blending Duration Dynamics With High-Yield Strategy

by Hansraj Agrawal | Jul 5, 2025 | Share Market

SBI Conservative Hybrid Fund (SCHF) stands out within the category as the only fund that combines an active duration strategy with higher exposure to AA-rated debt instruments. This strategic allocation to AA credit instruments enables the fund to achieve higher accrual income, resulting in relatively better returns compared to its peers, though this approach introduces credit risk.

The fund invests at least 75 per cent in fixed income instruments and permits a maximum of 25 per cent in equities. The equity portion, which usually ranges between 20 and 25 per cent based on market conditions and valuations, is actively managed. The fund’s equity strategy aims to identify stocks with strong earnings potential, robust financials, high governance standards, and sound ESG profiles. It follows a sector-and-market-cap-agnostic investment approach, offering the flexibility to invest across large, mid, and small-cap stocks. However, a risk-control framework mandates that at least 30 per cent of the equity portion must be allocated to large-cap stocks.

On average, over the past five years, the fund has allocated around 10 per cent of its total assets to large-caps, 6 per cent to mid-caps, and 8 per cent to small-caps. Currently, it holds overweight positions in capital goods and consumer durables while remaining underweight in IT and auto. The equity portfolio is constructed with a long-term perspective, typically with a three-year investment horizon.

Active duration play

The debt portion is managed with active duration and credit strategies. The fund has been more agile than its peers in adjusting portfolio maturity in response to interest rate cycles. For instance, it increased average maturity to eight years during the rate cuts in October 2020 (against a category average of 4.5 years) and to 13 years in April 2024 (category average 6.6 years). Conversely, during rising rate periods such as March 2022, it reduced average maturity to as little as 1.8 years (category 3.3 years). As of the latest data, the average maturity stands at seven years compared to the category average of 8.7 years, with the Macaulay Duration ranging from 1.6 to 5.8 years over the last five years.

High yield strategy

In terms of credit strategy, the fund strategically allocates to less than AAA securities, including AA+, AA, and AA-, with such instruments accounting for between 10 and 33 per cent of the portfolio over the past five years. Its exposure to AAA rated bonds has ranged from 8 to 39 per cent during the period. For AA minus papers, the fund imposes stricter controls, capping maturity at four years and limiting total exposure to below 5 per cent of assets.

It has maintained an average 3 per cent exposure to AA minus papers, with Avanse Financial Services and Infopark Properties being two current holdings. Besides this fund, Nippon India Conservative Hybrid and ICICI Prudential Regular Savings Fund are the other two funds in the category with significant allocations to AA-rated debt. SCHF also maintains an average 20 per cent allocation to government securities, which supports liquidity and helps in active interest rate calls.

Category beating returns

Performance-wise, SBI Conservative Hybrid Fund has consistently outperformed many peers, ranking in the top two quartiles across most timeframes over the last seven years. Notably, it delivered top-two-quartile one-year returns in 86 per cent of the rolling periods during this time.

An analysis of five-year rolling returns over the last 10 years shows an average annualised return of 9.2 per cent, well above the category average of 7.5 per cent, with returns ranging from a low of 6.6 per cent to a high of 13.4 per cent.

As of May 30, 2025, the fund’s debt portfolio had a yield to maturity (YTM) of 7.3 per cent, ahead of the category average of 6.7 per cent. The expense ratio for the regular plan is 1.54 per cent, below the category average of 1.8 per cent, whereas the direct plan’s expense ratio is 1.05 per cent, slightly above the category average of 0.91 per cent.

Despite its active duration management, the fund has maintained a relatively low annualised standard deviation of 3.9 per cent, marginally below the category average of 4 per cent. Given its notable allocation to non-AAA debt assets and risk-return profile, the fund is suited for investors with a moderate risk appetite and a minimum investment horizon of five years.

Published on July 5, 2025

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Mutual Funds returns

by Hansraj Agrawal | Jul 5, 2025 | Share Market

EQUITY – FOCUSED FUNDS

360 ONE Focused Fund

47.3

7400

1.8

0.8

-0.9

21.7

23.4

15.7

0.77

EQUITY – TAX SAVING (ELSS) FUNDS

Bank of India ELSS Tax Saver

162.4

1398

2.0

0.8

-7.2

23.2

25.3

15.4

0.69

HYBRID – AGGRESSIVE HYBRID FUNDS

BOI AXA Mid & Small Cap Eq&Debt

38.7

1198

2.1

0.8

1.1

24.4

27.3

–

0.76

EQUITY – THEMATIC – CONSUMPTION FUNDS

Canara Robeco Consumer Trends Fund

110.4

1848

2.1

0.8

4.5

21.4

23.2

15.4

0.76

EQUITY – LARGE CAP FUNDS

Canara Robeco Large Cap Fund

64.0

16027

1.7

0.5

6.5

19.7

20.0

13.7

0.74

HYBRID – BALANCED ADVANTAGE FUNDS

Edelweiss Balanced Advantage Fund

51.3

12696

1.7

0.5

4.1

15.0

15.4

10.3

0.82

HYBRID – EQUITY SAVINGS FUNDS

Edelweiss Equity Savings Fund

25.3

639

1.6

0.6

8.9

12.3

11.3

8.9

1.01

EQUITY – LARGE & MID CAP FUNDS

HDFC Large and Mid Cap Fund

346.1

25412

1.7

0.9

4.1

26.1

28.4

14.2

0.93

HYBRID – BALANCED ADVANTAGE FUNDS

ICICI Prudential Balanced Advantage Fund

74.2

63787

1.5

0.9

9.4

14.9

15.6

11.1

1.23

EQUITY – FOCUSED FUNDS

ICICI Prudential Focused Equity Fund

92.3

11667

1.7

0.6

9.5

26.7

26.0

14.9

0.94

EQUITY – LARGE CAP FUNDS

ICICI Prudential Large Cap Fund

111.6

69763

1.4

0.9

6.4

22.5

23.4

14.2

0.91

EQUITY – SECTOR – IT FUNDS

ICICI Prudential Technology Fund

207.5

13900

1.8

1.0

9.4

17.0

29.5

18.1

0.79

EQUITY – VALUE FUNDS

ICICI Prudential Value Fund

474.9

52598

1.5

1.0

9.5

26.0

28.3

15.2

1.19

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Invesco India Infrastructure Fund

65.4

1567

2.1

0.8

-5.1

32.0

31.1

16.6

0.79

EQUITY – FLEXI CAP FUNDS

JM Flexicap Fund

99.2

5917

1.8

0.5

-5.8

27.7

26.7

15.8

0.82

EQUITY – LARGE CAP FUNDS

JM Large Cap Fund

155.5

526

2.4

0.8

-4.2

20.2

18.4

10.7

0.63

EQUITY – VALUE FUNDS

JM Value Fund

100.7

1089

2.2

0.9

-4.9

30.0

28.2

16.3

0.84

HYBRID – CONSERVATIVE HYBRID FUNDS

Kotak Debt Hybrid Fund

58.7

3134

1.7

0.5

6.9

11.9

11.7

9.6

1.11

EQUITY – MID CAP FUNDS

Motilal Oswal Midcap Fund

103.7

30401

1.6

0.7

6.8

34.8

36.5

17.5

0.94

EQUITY – SMALL CAP FUNDS

Nippon India Small Cap Fund

173.5

63007

1.4

0.7

-1.2

30.2

37.8

21.7

0.95

EQUITY – FLEXI CAP FUNDS

Parag Parikh Flexi Cap Fund

84.9

103868

1.3

0.6

10.3

24.4

25.2

17.6

1.02

EQUITY – MID CAP FUNDS

PGIM India Midcap Fund

65.6

11052

1.7

0.5

3.6

19.0

28.6

15.3

0.87

HYBRID – AGGRESSIVE HYBRID FUNDS

Quant Aggressive Hybrid Fund

427.9

2102

2.0

0.7

-1.2

17.1

26.0

15.7

0.94

EQUITY – TAX SAVING (ELSS) FUNDS

Quant ELSS Tax Saver Fund

370.9

11329

1.6

0.5

-8.2

21.8

31.9

20.3

0.85

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Quant Infrastructure Fund

38.1

3370

1.9

0.7

-13.1

25.5

39.3

18.5

0.93

EQUITY – LARGE & MID CAP FUNDS

Quant Large & Mid Cap Fund

118.7

3739

1.9

0.6

-7.7

23.9

25.2

16.8

0.72

EQUITY – MID CAP FUNDS

Quant Mid Cap Fund

223.2

9032

1.7

0.6

-10.6

25.3

32.1

16.9

0.89

EQUITY – SMALL CAP FUNDS

Quant Small Cap Fund

262.5

28205

1.6

0.7

-4.0

31.5

44.1

19.9

1.01

HYBRID – CONSERVATIVE HYBRID FUNDS

SBI Conservative Hybrid Fund

73.0

9748

1.5

1.1

6.9

11.4

11.8

9.2

1.25

EQUITY – TAX SAVING (ELSS) FUNDS

SBI ELSS Tax Saver Fund

444.4

29667

1.6

0.9

3.3

29.4

27.7

14.3

1.00

HYBRID – EQUITY SAVINGS FUNDS

Sundaram Equity Savings Fund

70.8

1049

2.2

0.6

7.7

13.2

13.9

9.7

1.01

EQUITY – SECTOR – BANKING FUNDS

Sundaram Financial Services Opportunities Fund

106.0

1548

2.1

0.8

6.1

25.5

24.0

13.7

0.73

EQUITY – DIVIDEND YIELD FUNDS

Templeton India Equity Income Fund

140.0

2373

2.1

1.2

0.2

20.6

27.2

15.2

1.15

HYBRID – BALANCED ADVANTAGE FUNDS

Aditya Birla SL Bal Advantage

107.6

7710

1.8

0.7

8.8

15.5

14.9

11.1

0.93

EQUITY – SMALL CAP FUNDS

AXIS Small Cap Fund

109.0

25062

1.6

0.6

6.5

24.8

30.9

18.9

0.93

EQUITY – TAX SAVING (ELSS) FUNDS

Bandhan ELSS Tax Saver Fund

154.5

6955

1.7

0.6

1.5

20.5

26.4

14.2

0.88

EQUITY – LARGE & MID CAP FUNDS

Bandhan Large & Mid Cap Fund

133.9

9107

1.7

0.6

5.1

28.6

28.0

15.3

0.92

EQUITY – VALUE FUNDS

Bandhan Value Fund

149.6

9961

1.8

0.7

0.3

22.8

31.2

15.1

1.01

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

BOI AXA Manufacturing & Infra

57.7

573

2.3

0.7

31.3

31.5

16.5

0.85

HYBRID – AGGRESSIVE HYBRID FUNDS

Baroda BNP Paribas Aggressive Hybrid Fund

28.2

1224

2.1

0.5

3.5

18.1

17.8

–

0.73

EQUITY – LARGE CAP FUNDS

Baroda BNP Paribas Large Cap Fund

223.8

2614

2.0

0.8

1.0

20.5

20.1

12.4

0.72

EQUITY – TAX SAVING (ELSS) FUNDS

Canara Robeco ELSS Tax Saver

177.5

8859

1.7

0.5

3.7

19.7

22.6

14.2

0.78

EQUITY – TAX SAVING (ELSS) FUNDS

DSP ELSS Tax Saver Fund

141.9

16974

1.6

0.7

5.7

24.4

25.4

15.9

0.89

EQUITY – LARGE CAP FUNDS

Edelweiss Large Cap Fund

85.4

1271

2.1

0.6

3.0

20.2

20.5

12.4

0.75

EQUITY – MID CAP FUNDS

Edelweiss Mid Cap Fund

103.2

10028

1.7

0.4

8.2

31.3

33.3

18.0

0.94

EQUITY – FLEXI CAP FUNDS

Franklin India Flexi Cap Fund

1663.8

18679

1.7

0.9

5.2

24.0

26.2

14.0

0.87

EQUITY – FLEXI CAP FUNDS

HDFC Flexi Cap Fund

1992.6

75784

1.4

0.7

8.9

27.3

29.4

15.5

1.07

EQUITY – FOCUSED FUNDS

HDFC Focused Fund

230.9

19578

1.7

0.6

9.1

27.2

28.9

14.6

1.14

HYBRID – CONSERVATIVE HYBRID FUNDS

HDFC Hybrid Debt Fund

82.5

3401

1.7

1.1

6.6

11.9

12.0

9.0

1.23

EQUITY – MID CAP FUNDS

HDFC Mid Cap Fund

197.6

79718

1.4

0.8

7.7

32.6

32.5

18.0

1.04

HYBRID – BALANCED ADVANTAGE FUNDS

HSBC Balanced Advantage Fund

43.4

1526

2.1

0.8

5.2

13.5

11.1

7.8

0.66

HYBRID – EQUITY SAVINGS FUNDS

HSBC Equity Savings Fund

32.9

655

1.5

0.7

3.2

13.6

14.3

8.6

0.73

EQUITY – DIVIDEND YIELD FUNDS

ICICI Prudential Dividend Yield Equity Fund

52.9

5401

1.8

0.6

6.3

28.0

30.6

15.8

1.17

HYBRID – AGGRESSIVE HYBRID FUNDS

ICICI Prudential Equity & Debt Fund

394.1

43159

1.6

1.0

9.0

22.6

25.8

15.6

1.15

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

ICICI Prudential Infrastructure Fund

199.2

7920

1.9

1.1

3.8

35.8

37.4

16.7

1.13

EQUITY – LARGE & MID CAP FUNDS

ICICI Prudential Large & Mid Cap Fund

1007.3

21657

1.7

0.8

8.2

25.6

28.8

15.7

1.04

HYBRID – CONSERVATIVE HYBRID FUNDS

ICICI Prudential Regular Savings Fund

75.9

3220

1.7

1.0

8.9

11.1

10.5

9.5

1.29

EQUITY – SECTOR – BANKING FUNDS

Invesco India Financial Services Fund

140.1

1372

2.1

0.9

14.3

27.5

23.6

14.7

0.67

HYBRID – AGGRESSIVE HYBRID FUNDS

JM Aggressive Hybrid Fund

123.1

822

2.2

0.6

-1.5

24.8

26.8

12.3

0.99

EQUITY – TAX SAVING (ELSS) FUNDS

JM ELSS Tax Saver Fund

49.0

199

2.4

1.1

-1.0

24.8

25.0

14.9

0.77

HYBRID – AGGRESSIVE HYBRID FUNDS

Kotak Aggressive Hybrid Fund

62.8

7413

1.8

0.5

5.3

18.6

21.1

12.8

0.90

HYBRID – EQUITY SAVINGS FUNDS

Kotak Equity Savings Fund

26.2

8254

1.8

0.7

5.9

12.6

12.0

9.2

1.03

EQUITY – LARGE & MID CAP FUNDS

Kotak Large & Midcap Fund

345.5

27046

1.6

0.6

2.4

24.1

24.3

15.2

0.82

EQUITY – LARGE CAP FUNDS

Kotak Large Cap Fund

579.7

10138

1.7

0.6

4.3

19.5

20.8

12.7

0.76

EQUITY – MID CAP FUNDS

Kotak Midcap Fund

136.4

53464

1.4

0.4

4.9

27.2

30.4

17.9

0.90

EQUITY – SMALL CAP FUNDS

Kotak Small Cap Fund

267.6

17329

1.7

0.5

-1.2

21.8

32.6

17.6

0.89

EQUITY – TAX SAVING (ELSS) FUNDS

Mirae Asset ELSS Tax Saver Fund

49.5

25567

1.6

0.6

6.0

20.7

23.5

–

0.82

EQUITY – THEMATIC – CONSUMPTION FUNDS

Mirae Asset Great Consumer Fund

92.1

4224

1.9

0.4

1.8

20.9

22.5

15.3

0.73

EQUITY – LARGE & MID CAP FUNDS

Mirae Asset Large & Midcap Fund

151.7

39459

1.5

0.6

3.0

20.1

23.4

17.4

0.77

EQUITY – TAX SAVING (ELSS) FUNDS

Motilal Oswal ELSS Tax Saver Fund

52.8

4360

1.8

0.6

7.9

31.2

27.2

16.8

0.65

EQUITY – MID CAP FUNDS

Nippon India Growth Mid Cap Fund

4195.8

36836

1.6

0.7

6.4

30.9

32.8

17.8

0.97

EQUITY – LARGE CAP FUNDS

Nippon India Large Cap Fund

91.3

41750

1.5

0.7

4.4

24.3

26.1

14.1

0.92

EQUITY – VALUE FUNDS

Nippon India Value Fund

228.8

8664

1.8

1.1

3.8

27.3

28.5

15.6

0.90

EQUITY – FLEXI CAP FUNDS

PGIM India Flexi Cap Fund

36.7

6262

1.8

0.4

5.6

17.4

21.9

13.5

0.71

EQUITY – FOCUSED FUNDS

Quant Focused Fund

87.2

1050

2.2

0.7

-4.0

20.8

23.7

14.5

0.71

EQUITY – SECTOR – BANKING FUNDS

SBI Banking & Financial Services Fund

43.0

7999

1.8

0.7

13.8

24.1

23.0

15.8

0.67

EQUITY – THEMATIC – CONSUMPTION FUNDS

SBI Consumption Opportunities Fund

312.6

3052

2.0

0.9

0.8

19.8

26.6

15.7

0.86

EQUITY – SECTOR – IT FUNDS

Tata Digital India Fund

48.9

11688

1.7

0.4

4.7

17.3

27.3

–

0.71

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Tata Infrastructure Fund

175.8

2227

2.1

1.1

-13.2

26.8

30.6

14.9

0.79

EQUITY – FLEXI CAP FUNDS

Union Flexi Cap Fund

51.7

2313

2.0

0.9

3.5

20.0

22.2

12.4

0.74

EQUITY – SECTOR – BANKING FUNDS

Aditya Birla SL Bank & Fin Serv

62.0

3515

2.0

1.1

9.1

22.8

23.0

13.6

0.65

EQUITY – SECTOR – IT FUNDS

Aditya Birla Sun Life Digital India Fund

176.4

4776

1.9

0.9

5.8

16.8

26.2

18.2

0.69

EQUITY – DIVIDEND YIELD FUNDS

Aditya Birla Sun Life Dividend Yield Fund

453.8

1471

2.2

1.4

0.1

26.1

25.0

12.5

0.83

EQUITY – FLEXI CAP FUNDS

Aditya Birla Sun Life Flexi Cap Fund

1813.2

22826

1.7

0.9

7.4

21.7

22.6

14.1

0.75

EQUITY – FOCUSED FUNDS

Aditya Birla Sun Life Focused Fund

143.9

7774

1.8

0.9

6.6

20.2

20.9

12.7

0.76

EQUITY – THEMATIC – CONSUMPTION FUNDS

Aditya Birla Sun Life India GenNext Fund

215.9

6052

1.9

0.8

3.9

19.3

21.5

14.6

0.71

EQUITY – LARGE CAP FUNDS

Aditya Birla Sun Life Large Cap Fund

535.2

29859

1.6

1.0

5.6

20.0

21.5

12.4

0.78

HYBRID – CONSERVATIVE HYBRID FUNDS

Aditya Birla Sun Life Regular Savings Fund

67.1

1391

1.9

1.0

9.0

10.4

11.8

8.6

1.22

HYBRID – CONSERVATIVE HYBRID FUNDS

Axis Conservative Hybrid Fund

30.2

289

2.2

0.9

7.1

8.7

8.5

6.9

0.69

HYBRID – EQUITY SAVINGS FUNDS

Axis Equity Savings Fund

22.2

946

2.3

1.0

5.5

11.6

11.3

–

0.75

EQUITY – MID CAP FUNDS

Axis Midcap Fund

114.6

30502

1.6

0.5

3.3

23.6

24.7

15.9

0.73

HYBRID – BALANCED ADVANTAGE FUNDS

Bandhan Balanced Advantage Fund

24.3

2263

2.0

0.8

6.0

13.2

11.7

8.4

0.58

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Bandhan Infrastructure Fund

52.0

1701

2.1

0.9

-6.6

35.1

34.4

15.5

0.82

EQUITY – LARGE CAP FUNDS

Bandhan Large Cap Fund

77.4

1862

2.0

0.9

3.7

20.3

20.2

12.1

0.69

HYBRID – CONSERVATIVE HYBRID FUNDS

Baroda BNP Paribas Conser Hybrid

44.9

832

2.0

0.5

6.4

9.6

8.0

7.3

0.68

EQUITY – TAX SAVING (ELSS) FUNDS

Baroda BNP Paribas ELSS Tax Saver Fund

95.6

912

2.2

1.0

3.1

22.1

20.2

12.0

0.65

EQUITY – MID CAP FUNDS

Baroda BNP Paribas Mid Cap Fund

101.7

2137

2.0

0.6

0.2

24.2

27.1

15.0

0.82

HYBRID – CONSERVATIVE HYBRID FUNDS

Canara Robeco Conservative Hybrid Fund

97.2

953

1.8

0.7

7.5

9.6

9.1

8.0

0.87

HYBRID – AGGRESSIVE HYBRID FUNDS

Canara Robeco Equity Hybrid Fund

364.0

10949

1.7

0.6

6.4

17.2

17.3

12.4

0.76

EQUITY – FLEXI CAP FUNDS

Canara Robeco Flexi Cap Fund

344.1

13057

1.7

0.5

5.4

19.8

20.9

13.5

0.73

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Canara Robeco Infrastructure Fund

162.7

904

2.3

1.0

-2.6

32.2

32.5

15.5

0.91

EQUITY – LARGE & MID CAP FUNDS

Canara Robeco Large and Mid Cap Fund

259.7

25092

1.6

0.6

4.7

21.3

23.7

15.8

0.77

HYBRID – AGGRESSIVE HYBRID FUNDS

DSP Aggressive Hybrid Fund

361.8

11104

1.7

0.7

9.1

20.0

18.5

12.7

0.76

HYBRID – BALANCED ADVANTAGE FUNDS

DSP Dynamic Asset Allocation Fund

27.6

3397

1.9

0.7

7.3

13.6

11.2

9.1

0.74

EQUITY – FLEXI CAP FUNDS

DSP Flexi Cap Fund

104.4

11837

1.7

0.7

4.1

22.7

21.8

14.2

0.69

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

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

320.2

5319

1.9

0.9

-5.4

33.4

34.1

16.2

0.91

EQUITY – LARGE & MID CAP FUNDS

DSP Large & Mid Cap Fund

627.2

15013

1.7

0.7

3.9

25.3

24.6

15.4

0.84

EQUITY – SMALL CAP FUNDS

DSP Small Cap Fund

202.3

16305

1.7

0.9

6.5

26.3

32.4

17.3

0.84

EQUITY – FLEXI CAP FUNDS

Edelweiss Flexi Cap Fund

38.6

2642

1.9

0.4

1.9

23.3

24.2

14.3

0.78

EQUITY – LARGE & MID CAP FUNDS

Edelweiss Large & Mid Cap Fund

88.2

3914

1.9

0.5

4.0

23.2

24.6

14.4

0.79

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Franklin Build India Fund

143.4

2857

2.0

1.0

-1.0

34.3

33.4

17.0

0.94

EQUITY – TAX SAVING (ELSS) FUNDS

Franklin India ELSS Tax Saver Fund

1504.0

6719

1.8

1.0

4.9

24.3

25.8

13.3

0.84

HYBRID – AGGRESSIVE HYBRID FUNDS

Franklin India Equity Hybrid Fund

273.9

2187

2.1

1.0

6.3

18.8

19.4

11.6

0.86

EQUITY – FOCUSED FUNDS

Franklin India Focused Equity Fund

108.5

12147

1.8

1.0

1.2

21.3

24.5

13.7

0.77

EQUITY – TAX SAVING (ELSS) FUNDS

HDFC ELSS Tax saver

1423.1

16454

1.7

1.1

7.1

26.4

26.7

13.7

1.06

HYBRID – EQUITY SAVINGS FUNDS

HDFC Equity Savings Fund

66.1

5546

1.9

0.9

5.6

12.0

13.0

9.7

1.01

HYBRID – AGGRESSIVE HYBRID FUNDS

HDFC Hybrid Equity Fund

120.4

24461

1.7

1.0

5.9

17.0

19.3

10.7

0.91

EQUITY – LARGE CAP FUNDS

HDFC Large Cap Fund

1149.7

37716

1.6

1.0

2.5

20.7

22.6

12.9

0.82

HYBRID – CONSERVATIVE HYBRID FUNDS

HSBC Conservative Hybrid Fund

61.2

163

2.2

1.3

6.2

11.2

9.3

7.7

0.66

EQUITY – FLEXI CAP FUNDS

HSBC Flexi Cap Fund

222.6

4940

1.9

1.2

4.0

24.8

23.7

12.9

0.69

EQUITY – LARGE CAP FUNDS

HSBC Large Cap Fund

476.3

1826

2.1

1.3

2.2

19.0

18.9

12.1

0.62

EQUITY – SMALL CAP FUNDS

HSBC Small Cap Fund

83.8

16061

1.7

0.6

-3.2

26.7

34.9

19.3

0.82

EQUITY – VALUE FUNDS

HSBC Value Fund

112.1

13325

1.7

0.8

2.9

30.0

29.0

16.4

0.89

EQUITY – SECTOR – BANKING FUNDS

ICICI Prudential Banking & Financial Services Fund

135.7

9812

1.8

1.0

12.1

21.1

22.8

13.5

0.71

EQUITY – TAX SAVING (ELSS) FUNDS

ICICI Pru Long Term Equity

935.7

14364

1.7

1.1

7.0

20.1

22.4

13.3

0.79

EQUITY – MID CAP FUNDS

ICICI Prudential Midcap Fund

304.6

6421

1.9

1.1

4.6

27.1

30.4

15.7

0.90

HYBRID – BALANCED ADVANTAGE FUNDS

Invesco India Balanced Advantage Fund

54.2

978

2.1

0.8

5.7

16.4

13.6

9.4

0.66

EQUITY – TAX SAVING (ELSS) FUNDS

Invesco India ELSS Tax Saver Fund

127.7

2845

1.9

0.8

3.1

22.0

21.2

13.5

0.63

EQUITY – LARGE & MID CAP FUNDS

Invesco India Large & Mid Cap Fund

100.5

7274

1.8

0.7

12.3

29.6

25.7

15.4

0.76

EQUITY – LARGE CAP FUNDS

Invesco India Largecap Fund

70.5

1488

2.1

0.8

5.1

21.5

21.0

12.7

0.69

EQUITY – MID CAP FUNDS

Invesco India Midcap Fund

179.6

6641

1.8

0.6

14.8

32.3

30.4

17.8

0.84

EQUITY – FOCUSED FUNDS

JM Focused Fund

19.9

279

2.4

0.7

-2.4

23.4

20.7

12.7

0.61

EQUITY – TAX SAVING (ELSS) FUNDS

Kotak ELSS Tax Saver Fund

117.9

6266

1.8

0.6

0.0

21.5

23.0

14.0

0.75

EQUITY – FLEXI CAP FUNDS

Kotak Flexicap Fund

87.0

52533

1.5

0.6

5.5

22.5

21.4

14.1

0.73

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Kotak Infra & Economic Reform

67.0

2402

2.0

0.7

-6.9

28.7

31.6

15.5

0.84

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

LIC MF Infrastructure Fund

50.6

1053

2.2

0.5

-2.5

33.6

33.2

15.0

0.85

EQUITY – LARGE & MID CAP FUNDS

LIC MF Large & Midcap Fund

39.3

3169

1.9

0.6

21.0

23.0

14.6

0.74

EQUITY – SMALL CAP FUNDS

LIC MF Small Cap Fund

30.6

605

2.4

0.9

-6.4

24.6

31.9

–

0.77

EQUITY – TAX SAVING (ELSS) FUNDS

Mahindra Manulife ELSS Tax Saver Fund

29.0

950

2.2

0.6

3.0

19.5

22.7

–

0.78

HYBRID – EQUITY SAVINGS FUNDS

Mahi Manu Eq Sav Dhan San Yojana

20.5

570

2.4

0.7

4.6

11.2

12.4

–

0.80

HYBRID – AGGRESSIVE HYBRID FUNDS

Mirae Asset Aggressive Hybrid Fund

32.5

9058

1.7

0.4

6.5

16.8

17.4

–

0.76

EQUITY – LARGE CAP FUNDS

Mirae Asset Large Cap Fund

114.0

39530

1.5

0.5

5.7

16.7

19.1

13.2

0.70

EQUITY – SECTOR – BANKING FUNDS

Nippon India Banking & Financial Services Fund

640.6

7160

1.8

1.0

12.2

24.8

27.2

13.4

0.80

EQUITY – FOCUSED FUNDS

Nippon India Focused Fund

122.5

8553

1.8

1.2

2.6

19.0

24.4

14.1

0.81

EQUITY – TAX SAVING (ELSS) FUNDS

PGIM India ELSS Tax Saver Fund

35.6

772

2.3

0.7

5.0

17.7

21.8

–

0.76

HYBRID – AGGRESSIVE HYBRID FUNDS

SBI Equity Hybrid Fund

306.4

75639

1.4

0.7

10.9

17.5

17.8

12.3

0.85

HYBRID – EQUITY SAVINGS FUNDS

SBI Equity Savings Fund

24.2

5431

1.4

0.9

7.2

13.2

12.9

9.1

0.89

EQUITY – FOCUSED FUNDS

SBI Focused Fund

356.5

37122

1.6

0.8

8.1

19.4

20.6

14.7

0.73

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

SBI Infrastructure Fund

51.1

5060

1.9

1.0

-4.1

29.7

29.5

16.0

0.93

EQUITY – LARGE & MID CAP FUNDS

SBI Large & Midcap Fund

628.7

31296

1.6

0.7

6.2

23.0

25.6

14.6

0.92

EQUITY – LARGE CAP FUNDS

SBI Large Cap Fund

93.9

52251

1.5

0.8

5.8

18.6

20.9

12.5

0.79

EQUITY – MID CAP FUNDS

SBI Midcap Fund

240.3

22406

1.7

0.8

2.0

22.5

29.2

14.8

0.98

EQUITY – SMALL CAP FUNDS

SBI Small Cap Fund

175.4

34028

1.6

0.7

-2.3

21.7

28.7

18.9

0.87

HYBRID – AGGRESSIVE HYBRID FUNDS

Sundaram Aggressive Hybrid Fund

162.8

6146

1.8

0.7

5.2

16.3

17.8

12.3

0.78

HYBRID – BALANCED ADVANTAGE FUNDS

Sundaram Balanced Advantage Fund

35.5

1563

2.1

0.6

5.3

13.8

11.2

7.8

0.60

EQUITY – FOCUSED FUNDS

Sundaram Focused Fund

163.7

1081

2.3

1.3

2.2

19.5

20.6

13.3

0.66

EQUITY – SECTOR – BANKING FUNDS

Tata Banking and Financial Services Fund

44.0

2797

1.9

0.5

13.1

24.8

21.4

–

0.64

HYBRID – EQUITY SAVINGS FUNDS

Tata Equity Savings Fund

55.3

265

1.1

0.5

6.3

10.9

10.7

7.4

1.02

EQUITY – THEMATIC – CONSUMPTION FUNDS

Tata India Consumer Fund

43.9

2379

2.0

0.7

4.8

21.8

21.5

–

0.64

EQUITY – LARGE & MID CAP FUNDS

Tata Large & Mid Cap Fund

535.4

8546

1.8

0.6

1.9

20.7

22.2

13.5

0.81

EQUITY – LARGE CAP FUNDS

Tata Large Cap Fund

507.1

2611

2.0

1.0

1.4

19.1

21.0

11.7

0.77

EQUITY – MID CAP FUNDS

Tata Mid Cap Fund

438.5

4701

1.9

0.7

-0.9

25.8

27.3

15.5

0.83

EQUITY – VALUE FUNDS

Tata Value Fund

354.3

8506

1.8

0.8

-1.0

24.6

23.4

14.8

0.80

EQUITY – MID CAP FUNDS

Taurus Mid Cap Fund

125.2

128

2.6

2.2

-1.5

24.1

24.2

14.9

0.66

EQUITY – VALUE FUNDS

Templeton India Value Fund

728.5

2225

2.0

0.8

-1.1

24.4

29.6

14.5

1.01

EQUITY – TAX SAVING (ELSS) FUNDS

Union ELSS Tax Saver Fund

65.7

904

2.3

1.4

3.5

20.2

22.7

12.2

0.76

EQUITY – SMALL CAP FUNDS

Union Small Cap Fund

49.4

1577

2.1

1.0

1.7

22.8

31.0

14.7

0.75

HYBRID – AGGRESSIVE HYBRID FUNDS

UTI Aggressive Hybrid Fund

410.7

6468

1.9

1.2

6.6

20.2

21.7

12.4

0.99

HYBRID – CONSERVATIVE HYBRID FUNDS

UTI Conservative Hybrid Fund

69.9

1706

1.8

1.2

8.4

11.4

11.7

8.4

1.14

EQUITY – TAX SAVING (ELSS) FUNDS

UTI ELSS Tax Saver Fund

210.3

3882

1.9

0.9

2.5

18.0

20.5

12.3

0.66

EQUITY – LARGE & MID CAP FUNDS

UTI Large & Mid Cap Fund

183.2

4866

1.9

1.1

6.8

26.6

27.8

14.0

0.94

EQUITY – LARGE CAP FUNDS

UTI Large Cap Fund

277.2

13074

1.7

0.9

3.6

16.6

19.1

11.8

0.68

EQUITY – MID CAP FUNDS

UTI Mid Cap Fund

307.8

12224

1.8

0.9

1.9

22.6

26.7

14.4

0.76

EQUITY – VALUE FUNDS

UTI Value Fund

171.4

10117

1.8

1.1

6.0

23.5

24.2

13.5

0.86

HYBRID – AGGRESSIVE HYBRID FUNDS

Aditya Birla Sun Life Equity Hybrid ’95 Fund

1545.2

7465

1.8

1.1

5.1

16.6

18.2

10.6

0.74

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Aditya Birla Sun Life Infrastructure Fund

96.2

1141

2.3

1.4

-3.7

31.2

30.1

13.7

0.78

EQUITY – LARGE CAP FUNDS

Axis Large Cap Fund

61.3

33413

1.6

0.7

4.0

15.9

16.1

12.1

0.52

HYBRID – AGGRESSIVE HYBRID FUNDS

Bandhan Aggressive Hybrid Fund

25.8

904

2.3

0.9

10.2

18.2

20.0

–

0.78

EQUITY – FLEXI CAP FUNDS

Bandhan Flexi Cap Fund

210.8

7357

1.9

1.2

4.5

20.2

21.0

11.2

0.71

HYBRID – BALANCED ADVANTAGE FUNDS

Bank of India Balanced Advantage Fund

25.1

139

2.3

1.2

0.3

13.6

12.0

7.3

0.54

EQUITY – LARGE & MID CAP FUNDS

BOI Large & Mid Cap Equity Fund

89.0

399

2.3

1.1

-1.1

22.1

22.8

12.3

0.71

EQUITY – SECTOR – BANKING FUNDS

Baroda BNP Paribas Bank&Fin Serv

48.6

271

2.4

0.8

13.6

22.7

21.1

11.5

0.61

HYBRID – EQUITY SAVINGS FUNDS

DSP Equity Savings Fund

21.9

2995

1.2

0.4

8.0

11.3

11.9

–

1.13

EQUITY – FOCUSED FUNDS

DSP Focused Fund

54.9

2576

2.0

1.0

5.3

22.7

20.3

11.9

0.71

EQUITY – MID CAP FUNDS

DSP Midcap Fund

148.5

18712

1.7

0.8

2.9

23.5

22.3

15.1

0.65

HYBRID – CONSERVATIVE HYBRID FUNDS

DSP Regular Savings Fund

58.9

173

1.2

0.5

9.0

10.9

9.6

7.3

0.97

EQUITY – TAX SAVING (ELSS) FUNDS

Edelweiss Long Term Equity

112.0

412

2.3

0.7

2.5

20.7

21.7

11.8

0.71

EQUITY – LARGE CAP FUNDS

Franklin India Bluechip Fund

1031.3

7692

1.8

1.1

5.1

17.4

20.0

11.1

0.68

HYBRID – CONSERVATIVE HYBRID FUNDS

Franklin India Debt Hybrid Fund

91.3

206

1.4

0.8

8.2

11.0

9.5

7.6

0.91

EQUITY – MID CAP FUNDS

Franklin India Prima Fund

2817.3

12285

1.8

1.0

6.2

29.1

27.3

15.4

0.79

EQUITY – SMALL CAP FUNDS

Franklin India Smaller Companies Fund

176.7

13545

1.7

0.9

-3.4

30.2

34.6

16.4

0.88

EQUITY – SMALL CAP FUNDS

HDFC Small Cap Fund

142.3

34032

1.6

0.7

4.4

29.4

34.4

18.6

0.91

EQUITY – VALUE FUNDS

HDFC Value Fund

754.3

7140

1.9

1.0

6.0

24.6

25.4

14.1

0.86

HYBRID – AGGRESSIVE HYBRID FUNDS

HSBC Aggressive Hybrid Fund

55.5

5396

1.9

0.8

1.7

18.8

17.3

11.1

0.57

EQUITY – TAX SAVING (ELSS) FUNDS

HSBC ELSS Tax saver Fund

136.3

4129

1.9

1.1

3.9

25.4

23.0

13.5

0.68

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

HSBC Infrastructure Fund

48.4

2391

2.0

1.0

-6.1

31.2

30.6

15.8

0.79

EQUITY – MID CAP FUNDS

HSBC Midcap Fund

393.1

11470

1.7

0.7

3.4

27.9

26.7

16.2

0.69

HYBRID – EQUITY SAVINGS FUNDS

ICICI Prudential Equity Savings Fund

22.6

13555

1.0

0.5

8.1

9.3

10.0

8.2

1.32

EQUITY – THEMATIC – CONSUMPTION FUNDS

ICICI Prudential FMCG Fund

476.8

2027

2.1

1.3

-1.8

10.9

14.8

11.7

0.55

EQUITY – SECTOR – BANKING FUNDS

LIC MF Banking & Financial Services Fund

21.3

282

2.4

1.1

3.3

19.2

19.1

7.9

0.55

EQUITY – TAX SAVING (ELSS) FUNDS

LIC MF ELSS Tax Saver

154.3

1143

2.2

1.0

2.4

20.0

20.8

11.8

0.72

EQUITY – FLEXI CAP FUNDS

LIC MF Flexi Cap Fund

97.6

1021

2.3

1.3

-3.6

17.7

16.8

9.2

0.51

EQUITY – LARGE CAP FUNDS

LIC MF Large Cap Fund

56.9

1505

2.1

1.0

2.9

16.5

17.4

10.3

0.59

HYBRID – BALANCED ADVANTAGE FUNDS

Motilal Oswal Balanced Advantage Fund

19.7

923

2.2

0.9

-7.7

12.0

8.7

–

0.25

EQUITY – FOCUSED FUNDS

Motilal Oswal Focused Fund

43.3

1555

2.1

1.0

-7.4

13.7

14.4

10.2

0.39

EQUITY – LARGE & MID CAP FUNDS

Navi Large & Midcap Fund

35.9

314

2.3

0.4

1.7

18.0

21.6

–

0.69

EQUITY – LARGE & MID CAP FUNDS

Nippon India Vision Large & Mid Cap Fund

1479.0

5897

1.9

1.3

5.2

25.9

26.3

12.7

0.88

EQUITY – TAX SAVING (ELSS) FUNDS

Quantum ELSS Tax Saver Fund

126.2

221

2.0

0.9

3.9

21.6

22.9

12.5

0.92

EQUITY – VALUE FUNDS

Quantum Value Fund

127.2

1195

2.0

1.1

4.0

21.8

23.1

12.5

0.92

EQUITY – FLEXI CAP FUNDS

SBI Flexicap Fund

109.5

21747

1.7

0.9

1.4

16.7

19.9

12.8

0.72

EQUITY – SECTOR – IT FUNDS

SBI Technology Opportunities Fund

221.9

4530

1.9

0.9

14.4

20.0

26.8

17.3

0.77

EQUITY – TAX SAVING (ELSS) FUNDS

Sundaram ELSS Tax Saver Fund

514.1

1359

2.2

1.7

4.5

19.6

22.3

13.7

0.79

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Sundaram Infrastructure Advantage Fund

96.8

952

2.4

1.9

-1.3

28.3

29.3

14.0

0.82

EQUITY – LARGE & MID CAP FUNDS

Sundaram Large and Mid Cap Fund

85.8

6671

1.8

0.8

2.2

20.9

22.7

14.0

0.71

EQUITY – MID CAP FUNDS

Sundaram Mid Cap Fund

1391.0

12344

1.8

0.9

6.8

29.7

28.8

14.9

0.84

HYBRID – AGGRESSIVE HYBRID FUNDS

Tata Aggressive Hybrid Fund

439.4

4074

1.9

1.0

2.4

15.3

17.2

9.9

0.75

EQUITY – TAX SAVING (ELSS) FUNDS

Tata ELSS Fund

44.9

4582

1.8

0.7

2.8

20.7

22.2

14.3

0.74

EQUITY – LARGE CAP FUNDS

Union Largecap Fund

23.9

449

2.5

1.5

0.5

17.2

18.8

–

0.65

EQUITY – DIVIDEND YIELD FUNDS

UTI Dividend Yield Fund

179.3

4127

2.0

1.4

4.7

24.0

23.8

14.1

0.85

EQUITY – FLEXI CAP FUNDS

UTI Flexi Cap Fund

328.9

26325

1.7

1.0

7.2

15.2

18.8

12.3

0.56

EQUITY – THEMATIC – CONSUMPTION FUNDS

UTI India Consumer Fund

57.5

711

2.5

1.6

1.4

17.1

17.8

11.0

0.55

EQUITY – TAX SAVING (ELSS) FUNDS

Aditya Birla Sun Life ELSS Tax Saver Fund

61.1

15368

1.7

1.0

4.2

18.2

15.2

10.9

0.51

HYBRID – EQUITY SAVINGS FUNDS

Aditya Birla Sun Life Equity Savings Fund

22.1

646

1.1

0.6

7.8

10.4

10.3

7.7

0.63

EQUITY – LARGE & MID CAP FUNDS

Aditya Birla Sun Life Large & Mid Cap Fund

915.2

5737

1.9

1.1

1.6

19.0

20.0

11.8

0.55

EQUITY – MID CAP FUNDS

Aditya Birla Sun Life Midcap Fund

795.4

5922

1.9

1.1

4.1

23.6

27.4

13.8

0.82

EQUITY – SMALL CAP FUNDS

Aditya Birla Sun Life Small Cap Fund

87.6

4914

1.9

1.0

-1.3

23.4

28.5

13.7

0.71

EQUITY – VALUE FUNDS

Aditya Birla Sun Life Value Fund

127.3

6161

1.9

1.1

0.5

26.2

26.3

12.8

0.71

EQUITY – TAX SAVING (ELSS) FUNDS

Axis ELSS Tax Saver Fund

97.6

35358

1.5

0.8

5.6

17.9

17.3

12.1

0.48

EQUITY – FOCUSED FUNDS

Axis Focused Fund

55.7

12644

1.7

0.8

6.3

14.6

15.1

11.7

0.43

HYBRID – CONSERVATIVE HYBRID FUNDS

Bandhan Conservative Hybrid Fund

32.1

116

2.0

1.1

6.0

8.3

7.2

6.7

0.55

EQUITY – FOCUSED FUNDS

Bandhan Focused Fund

88.1

1839

2.1

0.8

8.6

22.4

20.5

12.2

0.65

EQUITY – LARGE CAP FUNDS

DSP Large Cap Fund

478.8

6036

1.9

1.0

8.0

22.4

20.5

11.6

0.79

EQUITY – LARGE & MID CAP FUNDS

Franklin India Equity Advantage Fund

194.8

3491

2.0

1.3

7.6

20.4

24.3

11.9

0.79

EQUITY – SECTOR – IT FUNDS

Franklin India Technology Fund

525.7

1862

2.0

1.0

4.1

24.0

24.4

16.8

0.68

EQUITY – LARGE CAP FUNDS

Groww Largecap Fund

43.3

128

2.5

1.3

-0.5

18.4

17.9

11.5

0.60

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

HDFC Infrastructure Fund

48.3

2540

2.0

1.0

-1.7

36.1

34.9

11.6

0.95

HYBRID – AGGRESSIVE HYBRID FUNDS

LIC MF Aggressive Hybrid Fund

198.9

545

2.5

1.4

4.5

16.4

14.7

8.9

0.60

EQUITY – MID CAP FUNDS

LIC MF Midcap Fund

29.7

345

2.5

1.3

0.1

25.4

25.1

–

0.69

EQUITY – FLEXI CAP FUNDS

Motilal Oswal Flexi Cap Fund

62.9

13023

1.7

0.9

11.0

28.1

21.6

13.4

0.62

HYBRID – AGGRESSIVE HYBRID FUNDS

Nippon India Aggressive Hybrid Fund

105.1

3897

2.0

1.1

5.4

19.1

20.0

10.1

0.88

HYBRID – CONSERVATIVE HYBRID FUNDS

Nippon India Conservative Hybrid Fund

58.0

895

1.9

1.1

8.7

9.4

9.1

5.7

1.27

EQUITY – TAX SAVING (ELSS) FUNDS

Nippon India ELSS Tax Saver Fund

129.4

15292

1.7

1.0

1.3

22.4

25.0

10.7

0.81

HYBRID – EQUITY SAVINGS FUNDS

Nippon India Equity Savings Fund

16.0

720

1.8

0.7

4.8

9.8

9.9

4.6

0.80

EQUITY – LARGE CAP FUNDS

PGIM India Large Cap Fund

344.3

600

2.4

0.9

3.9

16.6

17.3

10.4

0.60

EQUITY – THEMATIC – CONSUMPTION FUNDS

Sundaram Consumption Fund

98.2

1548

2.2

1.3

7.1

21.4

20.9

14.2

0.69

EQUITY – DIVIDEND YIELD FUNDS

Sundaram Dividend Yield Fund

136.6

895

2.3

1.1

-0.9

20.2

21.7

14.3

0.80

EQUITY – SMALL CAP FUNDS

Sundaram Small Cap Fund

263.0

3311

1.9

0.9

3.9

26.4

32.2

14.2

0.83

EQUITY – FLEXI CAP FUNDS

Taurus Flexi Cap Fund

228.4

357

2.6

-2.4

19.5

19.1

9.0

0.61

EQUITY – SECTOR – BANKING FUNDS

UTI Banking and Financial Services Fund

193.3

1356

2.2

1.1

11.8

23.1

22.6

11.1

0.66

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

UTI Infrastructure Fund

145.4

2272

2.2

1.8

-1.9

27.4

26.4

12.6

0.79

HYBRID – BALANCED ADVANTAGE FUNDS

UTI-Unit Linked Insurance Plan

42.3

5489

1.6

1.0

9.4

11.1

11.5

8.1

0.74

EQUITY – THEMATIC – MNC FUNDS

Aditya Birla Sun Life MNC Fund

–

1380.9

3672

2.0

1.4

-0.9

16.6

13.5

8.9

0.43

HYBRID – AGGRESSIVE HYBRID FUNDS

Axis Aggressive Hybrid Fund

–

20.7

1576

2.2

1.1

6.3

14.3

15.0

–

0.58

HYBRID – BALANCED ADVANTAGE FUNDS

Axis Balanced Advantage Fund

–

21.1

3161

1.9

0.8

7.3

16.3

13.8

–

0.82

EQUITY – FLEXI CAP FUNDS

Axis Flexi Cap Fund

–

27.0

12824

1.7

0.7

5.0

18.7

18.4

–

0.55

EQUITY – LARGE & MID CAP FUNDS

Axis Large & Mid Cap Fund

–

32.9

14349

1.7

0.6

4.7

22.2

23.8

–

0.70

HYBRID – EQUITY SAVINGS FUNDS

Bandhan Equity Savings Fund

–

31.2

303

1.1

0.2

5.9

8.5

8.6

6.6

0.95

HYBRID – CONSERVATIVE HYBRID FUNDS

Bank of India Conservative Hybrid Fund

–

34.4

2.1

1.1

4.1

8.8

12.3

7.7

1.10

EQUITY – SMALL CAP FUNDS

Bank of India Small Cap Fund

–

47.2

1819

2.0

0.5

-0.2

26.5

34.6

–

0.82

HYBRID – BALANCED ADVANTAGE FUNDS

Baroda BNP Paribas Balanced Advantage Fund

–

24.8

4304

1.9

0.8

8.2

18.2

16.8

–

0.79

EQUITY – FOCUSED FUNDS

Baroda BNP Paribas Focused Fund

–

22.5

685

2.3

0.5

-2.3

18.8

19.3

–

0.56

EQUITY – THEMATIC – CONSUMPTION FUNDS

Baroda BNP Paribas India Consumption Fund

–

31.3

1434

2.1

0.7

1.9

19.4

20.2

–

0.64

EQUITY – MULTI CAP FUNDS

Baroda BNP Paribas Multi Cap Fund

–

286.6

2840

2.0

1.0

23.8

26.2

13.7

0.76

EQUITY – SMALL CAP FUNDS

Canara Robeco Small Cap Fund

–

40.0

12368

1.7

0.5

0.1

22.5

33.7

–

0.90

EQUITY – SECTOR – PHARMA FUNDS

DSP Healthcare Fund

–

39.6

2961

1.9

0.6

16.6

26.7

23.5

–

0.76

HYBRID – AGGRESSIVE HYBRID FUNDS

Edelweiss Aggressive Hybrid Fund

–

64.3

2749

1.9

0.4

7.4

21.2

21.3

12.6

0.97

EQUITY – SMALL CAP FUNDS

Edelweiss Small Cap Fund

–

45.0

4580

1.8

0.4

3.2

27.1

34.1

–

0.93

HYBRID – EQUITY SAVINGS FUNDS

Franklin India Equity Savings Fund

–

16.4

678

1.1

0.3

6.5

9.7

10.6

–

0.77

HYBRID – AGGRESSIVE HYBRID FUNDS

Groww Aggressive Hybrid Fund

–

20.9

2.4

1.4

0.3

15.6

16.1

–

0.66

EQUITY – TAX SAVING (ELSS) FUNDS

Groww ELSS Tax Saver Fund

–

20.2

2.3

0.9

-1.1

18.4

18.3

–

0.58

EQUITY – VALUE FUNDS

Groww Value Fund

–

27.5

2.3

0.9

5.2

21.1

21.4

–

0.75

HYBRID – BALANCED ADVANTAGE FUNDS

HDFC Balanced Advantage Fund

–

523.8

100299

1.4

0.8

4.9

23.0

24.7

14.6

1.12

EQUITY – LARGE & MID CAP FUNDS

HSBC Large & Mid Cap Fund

–

26.7

4173

1.9

0.8

-0.3

24.1

24.0

–

0.62

EQUITY – TAX SAVING (ELSS) FUNDS

HSBC Tax Saver Equity Fund

–

96.7

244

2.5

1.8

11.2

24.4

24.1

13.6

0.72

EQUITY – MULTI CAP FUNDS

ICICI Prudential Multicap Fund

–

804.9

15095

1.7

0.9

5.4

25.3

26.3

14.7

0.89

EQUITY – SECTOR – PHARMA FUNDS

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

–

40.1

5508

1.9

1.1

21.0

30.3

24.9

–

0.86

EQUITY – SMALL CAP FUNDS

ICICI Prudential Smallcap Fund

–

89.1

8254

1.8

0.7

-0.7

22.3

33.0

15.5

1.01

HYBRID – AGGRESSIVE HYBRID FUNDS

Invesco India Aggressive Hybrid Fund

–

22.8

704

2.3

0.8

5.7

20.3

17.7

–

0.69

EQUITY – CONTRA FUNDS

Invesco India Contra Fund

–

137.3

18398

1.7

0.6

7.6

25.3

24.5

15.9

0.80

HYBRID – EQUITY SAVINGS FUNDS

Invesco India Equity Savings Fund

–

17.1

414

2.3

0.7

5.9

12.8

10.1

–

0.61

EQUITY – MULTI CAP FUNDS

Invesco India Multicap Fund

–

133.3

4003

1.9

0.7

5.0

24.6

25.0

14.0

0.72

EQUITY – SMALL CAP FUNDS

Invesco India Smallcap Fund

–

42.6

6823

1.8

0.4

9.0

31.5

33.5

–

0.86

HYBRID – BALANCED ADVANTAGE FUNDS

Kotak Balanced Advantage Fund

–

20.7

17343

1.7

0.6

6.9

14.3

13.5

–

0.86

EQUITY – CONTRA FUNDS

Kotak Contra Fund

–

151.5

4283

1.9

0.6

2.0

26.1

25.5

15.4

0.87

HYBRID – CONSERVATIVE HYBRID FUNDS

LIC MF Conservative Hybrid Fund

–

82.5

2.3

1.2

6.6

7.7

6.8

6.5

0.54

EQUITY – DIVIDEND YIELD FUNDS

LIC MF Dividend Yield Fund

–

31.1

613

2.4

0.7

3.0

26.7

24.5

–

0.78

HYBRID – EQUITY SAVINGS FUNDS

LIC MF Equity Savings Fund

–

27.8

2.4

1.3

7.6

11.1

10.8

7.0

0.63

EQUITY – FOCUSED FUNDS

LIC MF Focused Fund

–

22.1

171

2.5

1.6

4.8

17.3

18.7

–

0.62

EQUITY – SECTOR – PHARMA FUNDS

LIC MF Healthcare Fund

–

29.3

2.5

1.2

16.0

21.7

17.7

–

0.55

EQUITY – VALUE FUNDS

LIC MF Value Fund

–

24.1

169

2.4

1.0

-3.4

19.1

21.1

–

0.58

EQUITY – THEMATIC – CONSUMPTION FUNDS

Mahindra Manulife Consumption Fund

–

22.4

495

2.4

0.7

-1.1

19.0

19.7

–

0.64

EQUITY – LARGE CAP FUNDS

Mahindra Manulife Large Cap Fund

–

23.6

675

2.3

0.7

4.0

18.3

20.1

–

0.72

EQUITY – MID CAP FUNDS

Mahindra Manulife Mid Cap Fund

–

33.8

3776

1.9

0.5

1.0

29.4

29.9

–

0.83

EQUITY – MULTI CAP FUNDS

Mahindra Manulife Multi Cap Fund

–

36.1

5408

1.8

0.4

2.7

25.5

27.4

–

0.78

HYBRID – EQUITY SAVINGS FUNDS

Mirae Asset Equity Savings Fund

–

20.4

1442

1.4

0.4

8.3

13.0

13.4

–

1.00

EQUITY – SECTOR – PHARMA FUNDS

Mirae Asset Healthcare Fund

–

38.9

2691

1.9

0.5

16.6

24.3

22.5

–

0.71

HYBRID – AGGRESSIVE HYBRID FUNDS

Navi Aggressive Hybrid Fund

–

20.9

121

2.3

0.4

5.6

16.7

16.0

–

0.67

EQUITY – TAX SAVING (ELSS) FUNDS

Navi ELSS Tax Saver Fund

–

29.4

2.3

0.4

-1.3

17.5

17.9

–

0.59

EQUITY – FLEXI CAP FUNDS

Navi Flexi Cap Fund

–

23.0

255

2.3

0.4

-0.2

17.4

19.1

–

0.63

HYBRID – BALANCED ADVANTAGE FUNDS

Nippon India Balanced Advantage Fund

–

177.2

9190

1.7

0.6

5.8

14.6

14.9

9.9

0.94

EQUITY – THEMATIC – CONSUMPTION FUNDS

Nippon India Consumption Fund

–

199.9

2419

2.0

0.6

2.1

21.5

24.6

14.8

0.83

EQUITY – MULTI CAP FUNDS

Nippon India Multi Cap Fund

–

300.9

43483

1.5

0.7

2.6

28.8

32.2

15.0

0.99

EQUITY – SECTOR – PHARMA FUNDS

Nippon India Pharma Fund

–

522.8

8352

1.8

0.9

15.0

25.8

22.4

14.5

0.72

HYBRID – AGGRESSIVE HYBRID FUNDS

PGIM India Aggressive Hybrid Equity Fund

–

131.4

214

2.3

0.8

5.9

16.2

15.5

8.5

0.58

HYBRID – EQUITY SAVINGS FUNDS

PGIM India Equity Savings Fund

–

49.3

1.3

0.6

6.2

7.8

9.3

7.1

1.15

EQUITY – FLEXI CAP FUNDS

Quant Flexi Cap Fund

–

99.5

7153

1.8

0.6

-8.1

23.9

31.9

19.0

0.86

EQUITY – MULTI CAP FUNDS

Quant Multi Cap Fund

–

639.2

9927

1.7

0.6

-11.1

19.4

28.1

17.7

0.74

EQUITY – CONTRA FUNDS

SBI Contra Fund

–

390.0

45496

1.5

0.6

2.3

26.1

33.0

16.1

1.26

EQUITY – SECTOR – PHARMA FUNDS

SBI Healthcare Opportunities Fund

–

437.5

3689

1.9

0.9

20.6

29.7

24.7

12.0

0.83

EQUITY – THEMATIC – MNC FUNDS

SBI MNC Fund

–

371.4

6366

1.9

1.2

-0.1

13.2

16.8

10.7

0.57

HYBRID – AGGRESSIVE HYBRID FUNDS

Shriram Aggressive Hybrid Fund

–

31.8

2.4

1.0

-2.2

14.2

14.1

9.1

0.54

EQUITY – TAX SAVING (ELSS) FUNDS

Shriram ELSS Tax Saver Fund

–

21.4

2.3

0.8

-10.2

15.1

15.4

–

0.43

EQUITY – FLEXI CAP FUNDS

Shriram Flexi Cap Fund

–

20.5

133

2.4

0.9

-11.4

15.8

16.0

–

0.45

HYBRID – CONSERVATIVE HYBRID FUNDS

Sundaram Conservative Hybrid Fund

–

29.8

2.2

1.2

5.9

8.7

8.8

6.9

0.89

EQUITY – TAX SAVING (ELSS) FUNDS

Sundaram Diversified Equity

–

223.0

1488

2.2

1.7

4.0

18.0

20.9

11.5

0.75

EQUITY – MULTI CAP FUNDS

Sundaram Multi Cap Fund

–

384.9

2773

2.0

1.0

3.5

21.9

24.8

14.8

0.79

HYBRID – BALANCED ADVANTAGE FUNDS

Tata Balanced Advantage Fund

–

20.6

10227

1.7

0.4

3.6

13.4

13.8

–

0.94

EQUITY – FLEXI CAP FUNDS

Tata Flexi Cap Fund

–

24.7

3263

1.9

0.6

7.8

19.9

19.5

–

0.69

EQUITY – SECTOR – PHARMA FUNDS

Tata India Pharma & Healthcare Fund

–

30.7

1232

2.1

0.6

14.1

25.5

22.4

–

0.72

EQUITY – SMALL CAP FUNDS

Tata Small Cap Fund

–

40.8

10529

1.7

0.3

1.9

27.5

33.7

–

0.90

EQUITY – SECTOR – BANKING FUNDS

Taurus Banking & Financial Services Fund

–

54.9

2.4

1.6

6.9

21.2

20.3

12.0

0.60

EQUITY – TAX SAVING (ELSS) FUNDS

Taurus ELSS Tax Saver Fund

–

189.8

2.4

1.8

5.5

22.1

21.2

13.1

0.77

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Taurus Infrastructure Fund

–

69.5

2.5

2.0

-3.3

25.4

25.0

14.0

0.68

EQUITY – LARGE CAP FUNDS

Taurus Large Cap Fund

–

158.7

2.6

2.4

2.0

20.1

18.9

9.4

0.58

HYBRID – BALANCED ADVANTAGE FUNDS

Union Balanced Advantage Fund

–

20.4

1383

2.2

1.0

4.0

12.3

12.2

–

0.79

HYBRID – EQUITY SAVINGS FUNDS

Union Equity Savings Fund

–

16.9

138

2.0

1.5

4.6

9.6

9.0

–

0.70

EQUITY – VALUE FUNDS

Union Value Fund

–

28.9

318

2.5

1.2

4.0

23.1

24.0

–

0.80

HYBRID – EQUITY SAVINGS FUNDS

UTI Equity Savings Fund

–

18.4

707

1.6

0.7

6.4

12.4

12.5

–

1.08

EQUITY – SECTOR – PHARMA FUNDS

UTI Healthcare Fund

–

290.5

1099

2.3

1.3

21.2

27.4

22.5

11.9

0.70

EQUITY – THEMATIC – MNC FUNDS

UTI MNC Fund

–

390.7

2867

2.0

1.2

-3.8

15.1

15.3

9.8

0.54

Source link

A value-centric hybrid approach

by Hansraj Agrawal | Jun 28, 2025 | Share Market

Aggressive hybrid mutual funds aim to balance growth and stability by investing 65–80 per cent of their portfolio in equities and 20–35 per cent in debt instruments. This asset mix makes them suitable for investors with a low-to-moderate risk appetite. However, individual schemes within this category can sometimes take on higher risks on their equity or debt exposures.

UTI Aggressive Hybrid Fund leans the other way. It distinguishes itself with a pronounced tilt toward value investing within its equity allocation. This approach focuses on companies with strong fundamentals that are undervalued by the market, banking on the idea that their intrinsic worth will eventually be recognised. Such a strategy, however, requires investor patience, as the fund may lag behind those following growth or momentum strategies.

The fund is suited for long-term investors who can stay through stretches of underperformance. It is not ideal for investors who become anxious during extended stretches of mediocre returns.

Over the last 10 years, the fund delivered returns below the category average about 60 per cent of the time, as the growth style took centre stage and outperformed value in the first half of the decade. Nevertheless, the fund’s disciplined value approach has rewarded patient investors, delivering a 10-year compounded annual return of 12.3 per cent, surpassing the category average of 11.7 per cent.

Static equity allocation

UTI Aggressive Hybrid fund follows a static allocation approach, typically maintaining an equity allocation of 70–72 per cent. The remaining portion is invested in debt (approximately 23–25 per cent), with around 2 per cent held in cash. On the equity side, the fund operates like a flexi-cap fund, currently allocating roughly two-thirds to large-cap stocks (an average of 48 per cent of total assets over the last five years), with the remaining portion split between mid- and small-cap stocks.

The fund’s investment style is based on a relative value approach, prioritising companies trading below their historical valuations or at discounts relative to benchmarks. It employs multiple valuation metrics, including price-to-earnings, price-to-book, reverse discounted cash flow (DCF) analysis and free cash flow yields.

The mid- and small-cap allocations of the fund focus on quality companies at reasonable prices. The fund seeks smaller companies that are among the top 3–5 players in their industries, with strong financial metrics, minimal leverage, and better return on equity (ROE). On average, the fund has allocated 14 per cent to mid-caps and 8 per cent to small-caps over the past five years.

The portfolio holds approximately 60 equity stocks, reflecting a diversified approach across market capitalisations. Recently, the fund increased exposure to IT services, banking and insurance, and oil & gas. It is underweight in sectors such as consumer durables, FMCG, and capital goods.

The debt segment takes on low credit risk, with over 95 per cent of debt holdings in AAA-rated securities or government securities (G-secs) over the last five years. According to the latest portfolio, government securities comprise 19.5 per cent, while AAA-rated corporate debt holds 9.4 per cent and AA-rated bonds only 0.3 per cent. Prominent AAA names include HDFC Bank, Indian Railway Finance Corporation, and Power Finance Corporation. The fund keeps duration between 4 and 7 years, providing flexibility while avoiding excessive interest rate risk.

Performance

The fund posted notable performance between 2020 and 2025, driven by value stocks and strong gains in its small-cap holdings. During this period, it delivered an annualised return of 18.5 per cent, outperforming the category average of 16.2 per cent. In contrast, from 2015 to 2020, the fund lagged behind peers due to its unwavering focus on value investing at a time when value stocks trailed growth and momentum-oriented strategies. It delivered an annualised return of 6.3 per cent during that period, compared to the category average of 7.3 per cent.

An analysis of five-year rolling returns over the last 10 years shows that the fund delivered an average annual return of 12.6 per cent, slightly ahead of the category average of 12.2 per cent. Its five-year returns have ranged between 3.5 per cent and 26 per cent.

The regular plan has an expense ratio of 1.9 per cent, slightly below the category average of 2 per cent. The direct plan has an expense ratio of 1.2 per cent, which is higher than the category average of 0.8 per cent.

Published on June 28, 2025

Source link

Mutual Funds returns

by Hansraj Agrawal | Jun 28, 2025 | Share Market

EQUITY – FOCUSED FUNDS

360 ONE Focused Fund

47.5

7400

1.8

0.8

22.0

23.7

15.9

0.78

EQUITY – TAX SAVING (ELSS) FUNDS

Bank of India ELSS Tax Saver

162.7

1398

2.0

0.8

-4.6

23.7

25.7

15.6

0.69

HYBRID – AGGRESSIVE HYBRID FUNDS

BOI AXA Mid & Small Cap Eq&Debt

38.6

1198

2.1

0.8

3.3

23.9

27.3

–

0.76

EQUITY – THEMATIC – CONSUMPTION FUNDS

Canara Robeco Consumer Trends Fund

111.8

1848

2.1

0.8

7.2

22.4

23.8

15.8

0.76

EQUITY – LARGE CAP FUNDS

Canara Robeco Large Cap Fund

64.4

16027

1.7

0.5

8.4

20.2

20.6

13.9

0.75

HYBRID – BALANCED ADVANTAGE FUNDS

Edelweiss Balanced Advantage Fund

51.4

12696

1.7

0.5

5.4

15.2

15.7

10.4

0.83

HYBRID – EQUITY SAVINGS FUNDS

Edelweiss Equity Savings Fund

25.1

639

1.6

0.6

8.6

12.2

11.3

8.9

1.01

EQUITY – LARGE & MID CAP FUNDS

HDFC Large and Mid Cap Fund

344.8

25412

1.7

0.9

5.5

26.1

28.4

14.3

0.93

HYBRID – BALANCED ADVANTAGE FUNDS

ICICI Prudential Balanced Advantage Fund

74.3

63787

1.5

0.9

10.1

15.1

15.9

11.2

1.24

EQUITY – FOCUSED FUNDS

ICICI Prudential Focused Equity Fund

92.9

11667

1.7

0.6

11.7

27.2

26.5

15.0

0.94

EQUITY – LARGE CAP FUNDS

ICICI Prudential Large Cap Fund

112.1

69763

1.4

0.9

8.2

22.9

23.9

14.4

0.91

EQUITY – SECTOR – IT FUNDS

ICICI Prudential Technology Fund

206.2

13900

1.8

1.0

12.3

16.4

29.7

18.0

0.79

EQUITY – VALUE FUNDS

ICICI Prudential Value Fund

475.3

52598

1.5

1.0

11.4

26.0

28.7

15.3

1.19

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Invesco India Infrastructure Fund

65.5

1567

2.1

0.8

-2.7

32.2

31.5

16.7

0.80

EQUITY – FLEXI CAP FUNDS

JM Flexicap Fund

99.4

5917

1.8

0.5

-2.8

28.3

27.2

16.0

0.82

EQUITY – LARGE CAP FUNDS

JM Large Cap Fund

156.3

526

2.4

0.8

-2.0

20.9

18.8

10.9

0.63

EQUITY – VALUE FUNDS

JM Value Fund

100.0

1089

2.2

0.9

-2.3

30.2

28.5

16.4

0.85

HYBRID – CONSERVATIVE HYBRID FUNDS

Kotak Debt Hybrid Fund

58.5

3129

1.7

0.5

6.9

12.0

11.8

9.7

1.13

EQUITY – MID CAP FUNDS

Motilal Oswal Midcap Fund

103.5

30401

1.6

0.7

9.4

35.1

36.3

17.6

0.94

EQUITY – SMALL CAP FUNDS

Nippon India Small Cap Fund

172.1

63007

1.4

0.7

1.9

30.2

37.6

21.8

0.96

EQUITY – FLEXI CAP FUNDS

Parag Parikh Flexi Cap Fund

85.5

103868

1.3

0.6

12.8

24.1

25.9

17.7

1.02

EQUITY – MID CAP FUNDS

PGIM India Midcap Fund

65.9

11052

1.7

0.5

6.7

19.6

29.1

15.6

0.87

HYBRID – AGGRESSIVE HYBRID FUNDS

Quant Absolute Fund

430.3

2102

2.0

0.7

0.2

17.6

26.2

15.9

0.95

EQUITY – TAX SAVING (ELSS) FUNDS

Quant ELSS Tax Saver Fund

371.6

11329

1.6

0.5

-6.5

22.0

32.1

20.5

0.86

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Quant Infrastructure Fund

38.4

3370

1.9

0.7

-10.2

26.0

39.7

18.7

0.93

EQUITY – LARGE & MID CAP FUNDS

Quant Large & Mid Cap Fund

118.5

3739

1.9

0.6

-6.2

24.0

25.1

16.9

0.72

EQUITY – MID CAP FUNDS

Quant Mid Cap Fund

220.5

9032

1.7

0.6

-9.4

25.0

31.6

16.9

0.89

EQUITY – SMALL CAP FUNDS

Quant Small Cap Fund

260.0

28205

1.6

0.7

-2.2

31.5

44.4

19.8

1.03

HYBRID – CONSERVATIVE HYBRID FUNDS

SBI Conservative Hybrid Fund

72.6

9643

1.5

1.1

7.2

11.4

11.9

9.2

1.26

EQUITY – TAX SAVING (ELSS) FUNDS

SBI Long Term Equity Fund

444.6

29667

1.6

0.9

5.6

29.8

28.2

14.5

1.01

HYBRID – EQUITY SAVINGS FUNDS

Sundaram Equity Savings Fund

70.9

1049

2.2

0.6

8.4

13.3

14.2

9.7

1.02

EQUITY – SECTOR – BANKING FUNDS

Sundaram Financial Services Opportunities Fund

107.1

1548

2.1

0.8

8.5

26.2

24.8

14.0

0.74

EQUITY – DIVIDEND YIELD FUNDS

Templeton India Equity Income Fund

139.5

2373

2.1

1.2

2.2

20.5

27.3

15.2

1.17

HYBRID – BALANCED ADVANTAGE FUNDS

Aditya Birla SL Bal Advantage

107.7

7710

1.8

0.7

9.6

15.7

15.2

11.2

0.94

EQUITY – SMALL CAP FUNDS

AXIS Small Cap Fund

107.9

25062

1.6

0.6

9.1

24.4

30.7

18.8

0.93

EQUITY – TAX SAVING (ELSS) FUNDS

Bandhan ELSS Tax Saver Fund

154.3

6955

1.7

0.6

3.0

20.6

26.5

14.2

0.89

EQUITY – LARGE & MID CAP FUNDS

Bandhan Large & Mid Cap Fund

134.0

9107

1.7

0.6

7.3

29.0

28.2

15.5

0.92

EQUITY – VALUE FUNDS

Bandhan Value Fund

149.5

9961

1.8

0.7

1.8

23.1

31.3

15.2

1.02

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

BOI AXA Manufacturing & Infra

57.0

573

2.3

0.7

1.2

30.9

31.3

16.5

0.85

HYBRID – AGGRESSIVE HYBRID FUNDS

Baroda BNP Paribas Aggressive Hybrid Fund

28.2

1224

2.1

0.5

5.1

18.3

–

0.73

EQUITY – LARGE CAP FUNDS

Baroda BNP Paribas Large Cap Fund

225.0

2614

2.0

0.8

3.3

20.8

12.7

0.73

EQUITY – TAX SAVING (ELSS) FUNDS

Canara Robeco ELSS Tax Saver

178.9

8859

1.7

0.5

6.5

20.2

23.1

14.5

0.79

EQUITY – TAX SAVING (ELSS) FUNDS

DSP ELSS Tax Saver Fund

142.0

16974

1.6

0.7

8.0

24.7

25.8

16.0

0.90

EQUITY – LARGE CAP FUNDS

Edelweiss Large Cap Fund

85.9

1271

2.1

0.6

4.9

20.6

21.1

12.6

0.76

EQUITY – MID CAP FUNDS

Edelweiss Mid Cap Fund

103.0

10028

1.7

0.4

11.9

31.6

33.5

18.2

0.94

EQUITY – FLEXI CAP FUNDS

Franklin India Flexi Cap Fund

1676.7

18679

1.7

0.9

7.2

24.6

26.7

14.2

0.88

EQUITY – FLEXI CAP FUNDS

HDFC Flexi Cap Fund

2007.2

75784

1.4

0.7

10.8

27.9

29.8

15.7

1.08

EQUITY – FOCUSED FUNDS

HDFC Focused Fund

232.1

19578

1.7

0.6

10.8

27.6

29.3

14.8

1.15

HYBRID – CONSERVATIVE HYBRID FUNDS

HDFC Hybrid Debt Fund

82.4

3406

1.7

1.1

7.0

12.1

9.1

1.25

EQUITY – MID CAP FUNDS

HDFC Mid Cap Fund

194.8

79718

1.4

0.8

9.3

32.1

17.9

1.05

HYBRID – BALANCED ADVANTAGE FUNDS

HSBC Balanced Advantage Fund

43.4

1526

2.1

0.8

6.5

13.7

11.4

7.9

0.67

HYBRID – EQUITY SAVINGS FUNDS

HSBC Equity Savings Fund

32.9

655

1.5

0.7

4.8

13.6

14.4

8.6

0.74

EQUITY – DIVIDEND YIELD FUNDS

ICICI Prudential Dividend Yield Equity Fund

53.0

5401

1.8

0.6

7.7

28.2

30.9

16.0

1.17

HYBRID – AGGRESSIVE HYBRID FUNDS

ICICI Prudential Equity & Debt Fund

395.7

43159

1.6

1.0

10.2

22.9

26.1

15.8

1.16

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

ICICI Prudential Infrastructure Fund

199.4

7920

1.9

1.1

5.3

36.0

37.4

16.9

1.14

EQUITY – LARGE & MID CAP FUNDS

ICICI Prudential Large & Mid Cap Fund

1012.6

21657

1.7

0.8

9.9

26.1

29.2

15.7

1.05

HYBRID – CONSERVATIVE HYBRID FUNDS

ICICI Prudential Regular Savings Fund

75.7

3188

1.7

1.0

9.1

11.1

10.6

9.6

1.30

EQUITY – SECTOR – BANKING FUNDS

Invesco India Financial Services Fund

141.5

1372

2.1

0.9

16.6

28.2

24.4

15.0

0.67

HYBRID – AGGRESSIVE HYBRID FUNDS

JM Aggressive Hybrid Fund

123.1

822

2.2

0.6

0.5

25.1

27.1

12.5

0.99

EQUITY – TAX SAVING (ELSS) FUNDS

JM ELSS Tax Saver Fund

49.0

199

2.4

1.1

1.4

25.2

25.3

15.0

0.78

EQUITY – LARGE CAP FUNDS

Kotak Bluechip Fund

582.8

10138

1.7

0.6

6.3

19.8

21.5

12.9

0.77

EQUITY – MID CAP FUNDS

Kotak Emerging Equity Fund

136.1

53464

1.4

0.4

7.9

27.4

30.6

18.0

0.90

HYBRID – AGGRESSIVE HYBRID FUNDS

Kotak Equity Hybrid Fund

62.8

7413

1.8

0.5

7.2

18.9

21.4

12.9

0.91

EQUITY – LARGE & MID CAP FUNDS

Kotak Equity Opportunities Fund

344.6

27046

1.6

0.6

3.2

24.4

24.6

15.3

0.82

HYBRID – EQUITY SAVINGS FUNDS

Kotak Equity Savings Fund

26.1

8254

1.8

0.7

6.2

12.6

12.1

9.3

1.04

EQUITY – SMALL CAP FUNDS

Kotak Small Cap Fund

265.7

17329

1.7

0.6

0.5

21.5

32.6

17.7

0.90

EQUITY – TAX SAVING (ELSS) FUNDS

Mirae Asset ELSS Tax Saver Fund

49.5

25567

1.6

0.6

7.6

21.0

24.0

–

0.82

EQUITY – THEMATIC – CONSUMPTION FUNDS

Mirae Asset Great Consumer Fund

92.9

4224

1.9

0.4

4.1

22.2

23.3

15.4

0.73

EQUITY – LARGE & MID CAP FUNDS

Mirae Asset Large & Midcap Fund

151.7

39459

1.5

0.6

4.5

20.5

23.8

17.6

0.77

EQUITY – TAX SAVING (ELSS) FUNDS

Motilal Oswal ELSS Tax Saver Fund

52.7

4360

1.8

0.6

9.8

31.7

27.5

16.9

0.66

EQUITY – MID CAP FUNDS

Nippon India Growth Fund

4194.6

36836

1.6

0.7

9.0

30.9

33.0

18.0

0.98

EQUITY – LARGE CAP FUNDS

Nippon India Large Cap Fund

92.0

41750

1.5

0.7

6.9

25.2

26.5

14.4

0.92

EQUITY – VALUE FUNDS

Nippon India Value Fund

229.0

8664

1.8

1.1

5.7

27.4

28.8

15.8

0.91

EQUITY – FLEXI CAP FUNDS

PGIM India Flexi Cap Fund

36.8

6262

1.8

0.4

7.6

17.5

22.5

13.7

0.72

EQUITY – FOCUSED FUNDS

Quant Focused Fund

88.1

1050

2.2

0.7

-2.5

21.3

24.1

14.7

0.71

EQUITY – SECTOR – BANKING FUNDS

SBI Banking & Financial Services Fund

43.3

7999

1.8

0.7

16.3

24.9

23.7

16.2

0.68

EQUITY – THEMATIC – CONSUMPTION FUNDS

SBI Consumption Opportunities Fund

312.5

3052

2.0

0.9

2.0

20.6

26.8

16.0

0.86

EQUITY – SECTOR – IT FUNDS

Tata Digital India Fund

48.8

11688

1.7

0.4

8.2

16.6

27.7

–

0.71

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Tata Infrastructure Fund

175.1

2227

2.1

1.1

-11.2

27.3

30.7

15.0

0.80

EQUITY – FLEXI CAP FUNDS

Union Flexi Cap Fund

52.1

2313

2.0

0.9

5.8

20.5

22.8

12.5

0.75

EQUITY – SECTOR – BANKING FUNDS

Aditya Birla SL Bank & Fin Serv

62.5

3515

2.0

1.1

11.4

23.1

23.5

14.0

0.67

EQUITY – SECTOR – IT FUNDS

Aditya Birla Sun Life Digital India Fund

176.1

4776

1.9

0.9

7.7

16.3

26.4

18.0

0.69

EQUITY – DIVIDEND YIELD FUNDS

Aditya Birla Sun Life Dividend Yield Fund

451.6

1471

2.2

1.4

1.8

25.9

25.1

12.5

0.84

EQUITY – FLEXI CAP FUNDS

Aditya Birla Sun Life Flexi Cap Fund

1822.1

22826

1.7

0.9

9.2

22.0

23.0

14.3

0.75

EQUITY – FOCUSED FUNDS

Aditya Birla Sun Life Focused Fund

145.1

7774

1.8

0.9

8.6

20.8

21.5

13.0

0.77

EQUITY – THEMATIC – CONSUMPTION FUNDS

Aditya Birla Sun Life India GenNext Fund

218.0

6052

1.9

0.8

5.9

20.2

22.1

15.0

0.71

EQUITY – LARGE CAP FUNDS

Aditya Birla Sun Life Large Cap Fund

538.4

29859

1.6

1.0

7.3

20.5

22.1

12.6

0.79

HYBRID – CONSERVATIVE HYBRID FUNDS

Aditya Birla Sun Life Regular Savings Fund

67.0

1385

1.9

1.0

9.3

10.4

11.9

8.6

1.23

HYBRID – CONSERVATIVE HYBRID FUNDS

Axis Conservative Hybrid Fund

30.1

283

2.2

0.9

7.5

8.7

8.6

6.9

0.71

HYBRID – EQUITY SAVINGS FUNDS

Axis Equity Savings Fund

22.2

946

2.3

1.0

6.1

11.6

11.5

–

0.77

EQUITY – MID CAP FUNDS

Axis Midcap Fund

115.0

30502

1.6

0.5

6.2

24.1

24.8

16.1

0.73

HYBRID – BALANCED ADVANTAGE FUNDS

Bandhan Balanced Advantage Fund

24.3

2263

2.0

0.7

6.8

13.2

11.8

8.5

0.59

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Bandhan Infrastructure Fund

51.9

1701

2.1

0.9

-4.5

35.7

34.7

15.9

0.83

EQUITY – LARGE CAP FUNDS

Bandhan Large Cap Fund

77.8

1862

2.0

0.9

6.1

20.6

20.7

12.3

0.69

HYBRID – CONSERVATIVE HYBRID FUNDS

Baroda BNP Paribas Conser Hybrid

44.9

824

2.0

0.5

6.8

9.7

8.2

7.4

0.69

EQUITY – TAX SAVING (ELSS) FUNDS

Baroda BNP Paribas ELSS Tax Saver Fund

96.2

912

2.2

1.0

6.3

22.5

20.8

12.3

0.65

EQUITY – MID CAP FUNDS

Baroda BNP Paribas Mid Cap Fund

101.4

2137

2.0

0.6

2.3

24.6

27.1

15.2

0.83

HYBRID – CONSERVATIVE HYBRID FUNDS

Canara Robeco Conservative Hybrid Fund

97.1

953

1.8

0.7

7.9

9.7

9.3

8.1

0.89

HYBRID – AGGRESSIVE HYBRID FUNDS

Canara Robeco Equity Hybrid Fund

365.3

10949

1.7

0.6

8.4

17.6

17.7

12.6

0.77

EQUITY – FLEXI CAP FUNDS

Canara Robeco Flexi Cap Fund

346.7

13057

1.7

0.5

7.8

20.1

21.5

13.8

0.73

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Canara Robeco Infrastructure Fund

162.3

904

2.3

1.0

0.2

32.6

15.8

0.91

EQUITY – LARGE & MID CAP FUNDS

Canara Robeco Large and Mid Cap Fund

260.9

25092

1.6

0.6

7.4

21.6

24.2

16.0

0.77

HYBRID – AGGRESSIVE HYBRID FUNDS

DSP Aggressive Hybrid Fund

362.1

11104

1.7

0.7

10.8

20.2

18.8

12.8

0.77

HYBRID – BALANCED ADVANTAGE FUNDS

DSP Dynamic Asset Allocation Fund

27.5

3397

1.9

0.7

7.9

13.7

11.4

9.1

0.76

EQUITY – FLEXI CAP FUNDS

DSP Flexi Cap Fund

104.4

11837

1.7

0.7

6.0

22.8

22.2

14.4

0.69

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

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

318.1

5319

1.9

0.9

-3.8

33.4

34.2

16.4

0.91

EQUITY – LARGE & MID CAP FUNDS

DSP Large & Mid Cap Fund

626.7

15013

1.7

0.7

6.1

25.5

24.8

15.6

0.85

EQUITY – SMALL CAP FUNDS

DSP Small Cap Fund

201.0

16305

1.7

0.9

9.5

26.2

32.4

17.5

0.85

EQUITY – FLEXI CAP FUNDS

Edelweiss Flexi Cap Fund

38.6

2642

1.9

0.4

4.1

23.6

24.7

14.4

0.78

EQUITY – LARGE & MID CAP FUNDS

Edelweiss Large & Mid Cap Fund

88.3

3914

1.9

0.5

6.4

23.5

25.0

14.5

0.79

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Franklin Build India Fund

143.1

2857

2.0

1.0

0.0

34.4

33.4

17.2

0.94

EQUITY – TAX SAVING (ELSS) FUNDS

Franklin India ELSS Tax Saver Fund

1512.1

6719

1.8

1.0

6.7

24.8

26.2

13.5

0.85

HYBRID – AGGRESSIVE HYBRID FUNDS

Franklin India Equity Hybrid Fund

274.5

2187

2.1

1.0

7.3

19.1

19.7

11.7

0.87

EQUITY – FOCUSED FUNDS

Franklin India Focused Equity Fund

109.1

12147

1.8

1.0

3.2

22.0

24.7

13.9

0.78

EQUITY – TAX SAVING (ELSS) FUNDS

HDFC ELSS Tax saver

1431.7

16454

1.7

1.1

9.0

26.9

27.1

13.9

1.07

HYBRID – EQUITY SAVINGS FUNDS

HDFC Equity Savings Fund

66.2

5546

1.9

0.9

6.4

12.1

13.1

9.7

1.02

HYBRID – AGGRESSIVE HYBRID FUNDS

HDFC Hybrid Equity Fund

120.4

24461

1.7

1.0

6.8

17.2

19.7

10.8

0.92

EQUITY – LARGE CAP FUNDS

HDFC Large Cap Fund

1159.7

37716

1.6

1.0

4.5

21.4

23.1

13.1

0.83

HYBRID – CONSERVATIVE HYBRID FUNDS

HSBC Conservative Hybrid Fund

61.2

160

2.2

1.3

7.5

11.3

9.5

7.8

0.67

EQUITY – FLEXI CAP FUNDS

HSBC Flexi Cap Fund

222.3

4940

1.9

1.2

6.4

24.9

24.0

13.0

0.70

EQUITY – LARGE CAP FUNDS

HSBC Large Cap Fund

478.6

1826

2.1

1.3

4.2

19.4

19.5

12.3

0.63

EQUITY – SMALL CAP FUNDS

HSBC Small Cap Fund

83.3

16061

1.7

0.6

-1.3

26.5

34.6

19.4

0.82

EQUITY – VALUE FUNDS

HSBC Value Fund

112.1

13325

1.7

0.8

4.8

30.1

29.4

16.6

0.90

EQUITY – SECTOR – BANKING FUNDS

ICICI Prudential Banking & Financial Services Fund

136.9

9812

1.8

1.0

14.6

21.9

23.5

13.9

0.72

EQUITY – TAX SAVING (ELSS) FUNDS

ICICI Pru Long Term Equity

942.8

14364

1.7

1.1

9.2

20.6

22.9

13.5

0.80

EQUITY – MID CAP FUNDS

ICICI Prudential Midcap Fund

303.0

6421

1.9

1.1

5.8

27.4

30.6

15.9

0.90

HYBRID – BALANCED ADVANTAGE FUNDS

Invesco India Balanced Advantage Fund

54.4

978

2.1

0.8

7.2

16.5

14.0

9.6

0.66

EQUITY – TAX SAVING (ELSS) FUNDS

Invesco India ELSS Tax Saver Fund

128.2

2845

1.9

0.8

6.1

22.1

21.6

13.7

0.64

EQUITY – LARGE & MID CAP FUNDS

Invesco India Large & Mid Cap Fund

101.7

7274

1.8

0.7

15.4

30.4

26.4

15.7

0.76

EQUITY – LARGE CAP FUNDS

Invesco India Largecap Fund

71.1

1488

2.1

0.8

7.9

22.0

21.7

13.0

0.70

EQUITY – MID CAP FUNDS

Invesco India Midcap Fund

180.2

6641

1.8

0.6

17.3

32.8

30.8

18.0

0.84

EQUITY – FOCUSED FUNDS

JM Focused Fund

19.9

279

2.4

0.7

23.8

21.2

12.7

0.62

EQUITY – TAX SAVING (ELSS) FUNDS

Kotak ELSS Tax Saver Fund

117.7

6266

1.8

0.6

1.3

21.8

23.3

14.2

0.76

EQUITY – FLEXI CAP FUNDS

Kotak Flexicap Fund

86.9

52533

1.5

0.6

7.0

22.4

21.7

14.3

0.73

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Kotak Infra & Economic Reform

66.5

2402

2.0

0.7

-5.7

28.9

31.7

15.8

0.85

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

LIC MF Infrastructure Fund

50.6

1005

2.2

0.5

2.2

34.5

33.4

15.2

0.85

EQUITY – LARGE & MID CAP FUNDS

LIC MF Large & Midcap Fund

39.6

3055

1.9

0.6

4.8

21.7

23.3

14.8

0.75

EQUITY – SMALL CAP FUNDS

LIC MF Small Cap Fund

30.5

576

2.4

0.9

-2.7

24.0

31.9

–

0.77

EQUITY – TAX SAVING (ELSS) FUNDS

Mahindra Manulife ELSS Tax Saver Fund

29.2

950

2.2

0.6

5.3

20.2

23.2

–

0.78

HYBRID – EQUITY SAVINGS FUNDS

Mahi Manu Eq Sav Dhan San Yojana

20.6

570

2.4

0.7

5.5

11.4

12.7

–

0.81

HYBRID – AGGRESSIVE HYBRID FUNDS

Mirae Asset Aggressive Hybrid Fund

32.5

9058

1.7

0.4

7.9

17.1

17.8

–

0.76

EQUITY – LARGE CAP FUNDS

Mirae Asset Large Cap Fund

114.4

39530

1.5

0.5

7.4

17.0

19.6

13.4

0.71

EQUITY – SECTOR – BANKING FUNDS

Nippon India Banking & Financial Services Fund

649.8

7160

1.8

1.0

15.3

25.8

27.7

13.8

0.81

EQUITY – FOCUSED FUNDS

Nippon India Focused Equity Fund

123.8

8553

1.8

1.2

5.3

19.8

25.0

14.4

0.82

EQUITY – TAX SAVING (ELSS) FUNDS

PGIM India ELSS Tax Saver Fund

35.7

772

2.3

0.7

7.6

18.1

22.2

–

0.77

EQUITY – LARGE CAP FUNDS

SBI Blue Chip Fund

94.3

52251

1.5

0.8

7.1

19.2

21.4

12.7

0.80

HYBRID – AGGRESSIVE HYBRID FUNDS

SBI Equity Hybrid Fund

307.0

75639

1.4

0.7

12.6

17.7

18.1

12.5

0.85

HYBRID – EQUITY SAVINGS FUNDS

SBI Equity Savings Fund

24.1

5431

1.4

0.9

7.6

13.2

13.1

9.1

0.89

EQUITY – FOCUSED FUNDS

SBI Focused Equity Fund

357.3

37122

1.6

0.8

9.4

19.5

20.9

14.9

0.73

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

SBI Infrastructure Fund

50.7

5060

1.9

1.0

-3.9

29.5

29.7

16.1

0.94

EQUITY – LARGE & MID CAP FUNDS

SBI Large & Midcap Fund

624.6

31296

1.6

0.7

7.4

23.1

25.8

14.7

0.93

EQUITY – MID CAP FUNDS

SBI Magnum Midcap Fund

239.6

22406

1.7

0.8

2.9

23.0

29.4

15.0

0.99

EQUITY – SMALL CAP FUNDS

SBI Small Cap Fund

173.2

34028

1.6

0.7

-0.6

21.3

28.6

19.0

0.88

HYBRID – AGGRESSIVE HYBRID FUNDS

Sundaram Aggressive Hybrid Fund

163.2

6146

1.8

0.7

6.5

16.5

18.2

12.4

0.79

HYBRID – BALANCED ADVANTAGE FUNDS

Sundaram Balanced Advantage Fund

35.5

1563

2.1

0.6

6.4

14.0

11.4

7.9

0.61

EQUITY – FOCUSED FUNDS

Sundaram Focused Fund

162.5

1081

2.3

1.3

2.9

19.3

20.9

13.4

0.66

EQUITY – SECTOR – BANKING FUNDS

Tata Banking and Financial Services Fund

44.6

2797

1.9

0.5

16.6

25.8

22.4

–

0.65

EQUITY – VALUE FUNDS

Tata Equity P/E Fund

351.8

8506

1.8

0.8

0.3

24.6

23.7

14.9

0.80

HYBRID – EQUITY SAVINGS FUNDS

Tata Equity Savings Fund

55.3

265

1.1

0.5

7.0

11.0

10.9

7.4

1.02

EQUITY – THEMATIC – CONSUMPTION FUNDS

Tata India Consumer Fund

44.0

2379

2.0

0.7

6.6

22.8

21.7

–

0.64

EQUITY – LARGE & MID CAP FUNDS

Tata Large & Mid Cap Fund

534.9

8546

1.8

0.6

2.9

21.2

22.6

13.7

0.81

EQUITY – LARGE CAP FUNDS

Tata Large Cap Fund

511.0

2611

2.0

1.0

3.7

19.6

21.6

12.0

0.77

EQUITY – MID CAP FUNDS

Tata Mid Cap Growth Fund

433.2

4701

1.9

0.7

0.1

25.9

27.0

15.6

0.83

EQUITY – MID CAP FUNDS

Taurus Mid Cap Fund

123.8

128

2.6

2.2

0.1

24.0

14.9

0.66

EQUITY – VALUE FUNDS

Templeton India Value Fund

728.0

2225

2.0

0.8

0.6

24.7

29.8

14.6

1.01

EQUITY – TAX SAVING (ELSS) FUNDS

Union ELSS Tax Saver Fund

65.4

904

2.3

1.4

4.9

20.3

23.0

12.2

0.77

EQUITY – SMALL CAP FUNDS

Union Small Cap Fund

48.5

1577

2.1

1.0

3.2

22.7

30.8

14.7

0.75

HYBRID – AGGRESSIVE HYBRID FUNDS

UTI Aggressive Hybrid Fund

409.4

6254

1.9

1.2

7.7

20.4

22.0

12.5

1.00

HYBRID – CONSERVATIVE HYBRID FUNDS

UTI Conservative Hybrid Fund

69.7

1684

1.8

1.2

8.6

11.4

11.7

8.4

1.16

EQUITY – TAX SAVING (ELSS) FUNDS

UTI ELSS Tax Saver Fund

211.0

3777

1.9

0.9

3.7

18.5

20.9

12.5

0.67

EQUITY – LARGE & MID CAP FUNDS

UTI Large & Mid Cap Fund

182.3

4544

1.9

1.1

8.5

26.9

28.1

14.1

0.94

EQUITY – LARGE CAP FUNDS

UTI Large Cap Fund

279.2

12720

1.8

0.9

5.1

17.0

19.7

12.0

0.68

EQUITY – MID CAP FUNDS

UTI Mid Cap Fund

307.5

11643

1.8

0.9

4.2

22.9

26.8

14.6

0.77

EQUITY – VALUE FUNDS

UTI Value Fund

171.0

9752

1.8

1.1

7.3

23.8

24.4

13.6

0.86

HYBRID – AGGRESSIVE HYBRID FUNDS

Aditya Birla Sun Life Equity Hybrid ’95 Fund

1547.0

7465

1.8

1.1

6.3

16.5

18.5

10.7

0.74

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Aditya Birla Sun Life Infrastructure Fund

95.9

1141

2.3

1.4

-2.0

31.2

30.1

13.8

0.79

EQUITY – LARGE CAP FUNDS

Axis Large Cap Fund

61.8

33413

1.6

0.7

5.3

16.2

16.5

12.3

0.52

HYBRID – AGGRESSIVE HYBRID FUNDS

Bandhan Aggressive Hybrid Fund

25.8

904

2.3

1.0

12.4

18.4

20.2

–

0.78

EQUITY – FLEXI CAP FUNDS

Bandhan Flexi Cap Fund

211.9

7357

1.9

1.2

6.4

20.6

21.3

11.4

0.71

HYBRID – BALANCED ADVANTAGE FUNDS

Bank of India Balanced Advantage Fund

25.2

139

2.3

1.2

1.4

13.8

12.3

7.4

0.54

EQUITY – LARGE & MID CAP FUNDS

BOI Large & Mid Cap Equity Fund

89.3

399

2.3

1.1

0.7

22.5

23.2

12.5

0.71

EQUITY – SECTOR – BANKING FUNDS

Baroda BNP Paribas Bank&Fin Serv

49.3

271

2.4

0.8

15.9

23.5

21.9

11.8

0.62

HYBRID – EQUITY SAVINGS FUNDS

DSP Equity Savings Fund

21.8

2995

1.2

0.4

8.8

11.5

12.0

–

1.15

EQUITY – FOCUSED FUNDS

DSP Focused Fund

55.2

2576

2.0

1.0

7.6

23.3

20.8

12.1

0.72

EQUITY – MID CAP FUNDS

DSP Midcap Fund

147.4

18712

1.7

0.8

4.6

23.4

22.2

15.2

0.65

HYBRID – CONSERVATIVE HYBRID FUNDS

DSP Regular Savings Fund

58.8

173

1.2

0.5

9.5

11.1

9.7

7.3

1.00

EQUITY – TAX SAVING (ELSS) FUNDS

Edelweiss Long Term Equity

112.6

412

2.3

0.7

4.6

21.2

22.2

12.0

0.71

EQUITY – LARGE CAP FUNDS

Franklin India Bluechip Fund

1043.8

7692

1.8

1.1

8.0

18.0

20.4

11.3

0.68

HYBRID – CONSERVATIVE HYBRID FUNDS

Franklin India Debt Hybrid Fund

91.3

204

1.4

0.8

8.6

11.1

9.6

7.7

0.92

EQUITY – MID CAP FUNDS

Franklin India Prima Fund

2799.6

12285

1.8

1.0

7.7

29.2

27.2

15.4

0.79

EQUITY – SMALL CAP FUNDS

Franklin India Smaller Companies Fund

175.0

13545

1.7

0.9

-2.0

29.8

34.0

16.4

0.89

EQUITY – SMALL CAP FUNDS

HDFC Small Cap Fund

139.7

34032

1.6

0.7

5.5

29.2

33.9

18.5

0.92

EQUITY – VALUE FUNDS

HDFC Value Fund

753.8

7140

1.9

1.0

7.0

24.9

25.8

14.2

0.87

HYBRID – AGGRESSIVE HYBRID FUNDS

HSBC Aggressive Hybrid Fund

55.6

5396

1.9

0.8

3.8

18.8

17.5

11.2

0.57

EQUITY – TAX SAVING (ELSS) FUNDS

HSBC ELSS Tax saver Fund

136.4

4129

1.9

1.1

6.5

25.4

23.2

13.7

0.68

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

HSBC Infrastructure Fund

48.4

2391

2.0

1.0

-4.5

31.2

30.7

16.0

0.79

EQUITY – MID CAP FUNDS

HSBC Midcap Fund

393.4

11470

1.7

0.7

6.2

28.6

26.7

16.4

0.69

HYBRID – EQUITY SAVINGS FUNDS

ICICI Prudential Equity Savings Fund

22.6

13555

1.0

0.5

8.5

9.3

10.1

8.2

1.33

EQUITY – THEMATIC – CONSUMPTION FUNDS

ICICI Prudential FMCG Fund

479.4

2027

2.1

1.3

-0.6

12.4

15.4

12.0

0.56

EQUITY – SECTOR – BANKING FUNDS

LIC MF Banking & Financial Services Fund

21.4

273

2.4

1.1

5.7

20.0

19.7

8.1

0.55

EQUITY – TAX SAVING (ELSS) FUNDS

LIC MF ELSS Tax Saver

155.4

1113

2.2

1.0

5.7

20.5

21.1

12.0

0.72

EQUITY – FLEXI CAP FUNDS

LIC MF Flexi Cap Fund

97.0

980

2.3

1.3

-2.4

17.8

17.0

9.3

0.51

EQUITY – LARGE CAP FUNDS

LIC MF Large Cap Fund

57.2

1469

2.1

1.0

5.4

16.7

17.8

10.5

0.59

HYBRID – BALANCED ADVANTAGE FUNDS

Motilal Oswal Balanced Advantage Fund

19.3

923

2.3

1.0

-7.5

11.3

8.7

–

0.25

EQUITY – FOCUSED FUNDS

Motilal Oswal Focused Fund

43.4

1555

2.1

1.0

-5.3

13.9

14.9

10.3

0.40

EQUITY – LARGE & MID CAP FUNDS

Navi Large & Midcap Fund

36.0

314

2.3

0.4

3.6

18.0

21.9

–

0.70

EQUITY – LARGE & MID CAP FUNDS

Nippon India Vision Fund

1477.9

5897

1.9

1.3

7.2

26.0

26.6

12.9

0.88

EQUITY – TAX SAVING (ELSS) FUNDS

Quantum ELSS Tax Saver Fund

126.3

221

2.0

0.9

4.9

21.7

23.3

12.6

0.93

EQUITY – VALUE FUNDS

Quantum Value Fund

127.2

1195

2.0

1.1

5.0

21.9

23.5

12.6

0.92

EQUITY – FLEXI CAP FUNDS

SBI Flexicap Fund

110.0

21747

1.7

0.9

3.1

16.9

20.3

13.0

0.72

EQUITY – SECTOR – IT FUNDS

SBI Technology Opportunities Fund

220.7

4530

1.9

0.9

16.9

19.2

27.2

17.2

0.77

EQUITY – TAX SAVING (ELSS) FUNDS

Sundaram ELSS Tax Saver Fund

515.5

1359

2.2

1.7

5.7

19.7

22.8

13.8

0.79

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Sundaram Infrastructure Advantage Fund

96.6

952

2.4

1.9

0.3

28.5

29.4

14.3

0.83

EQUITY – LARGE & MID CAP FUNDS

Sundaram Large and Mid Cap Fund

85.9

6671

1.8

0.8

4.0

21.0

22.9

14.2

0.71

EQUITY – MID CAP FUNDS

Sundaram Mid Cap Fund

1386.5

12344

1.8

0.9

9.3

29.8

28.6

15.1

0.85

EQUITY – TAX SAVING (ELSS) FUNDS

Tata ELSS Tax Saver Fund

45.0

4582

1.8

0.7

4.8

21.0

22.5

14.5

0.74

HYBRID – AGGRESSIVE HYBRID FUNDS

Tata Hybrid Equity Fund

439.7

4074

1.9

1.0

3.5

15.6

17.6

10.1

0.76

EQUITY – LARGE CAP FUNDS

Union Largecap Fund

24.0

449

2.5

1.5

2.3

17.6

19.4

–

0.66

EQUITY – DIVIDEND YIELD FUNDS

UTI Dividend Yield Fund

178.2

4010

2.0

1.4

5.9

23.9

14.1

0.85

EQUITY – FLEXI CAP FUNDS

UTI Flexi Cap Fund

329.2

25434

1.7

1.0

8.8

15.0

19.0

12.5

0.57

EQUITY – THEMATIC – CONSUMPTION FUNDS

UTI India Consumer Fund

57.9

686

2.5

1.6

2.3

17.8

18.3

11.2

0.55

EQUITY – TAX SAVING (ELSS) FUNDS

Aditya Birla Sun Life ELSS Tax Saver Fund

61.5

15368

1.7

1.0

6.1

18.5

15.5

11.1

0.52

HYBRID – EQUITY SAVINGS FUNDS

Aditya Birla Sun Life Equity Savings Fund

22.0

646

1.1

0.6

8.0

10.4

7.8

0.64

EQUITY – LARGE & MID CAP FUNDS

Aditya Birla Sun Life Large & Mid Cap Fund

919.2

5737

1.9

1.1

3.8

19.1

20.5

12.0

0.56

EQUITY – MID CAP FUNDS

Aditya Birla Sun Life Midcap Fund

795.1

5922

1.9

1.1

5.8

23.7

27.6

14.0

0.83

EQUITY – SMALL CAP FUNDS

Aditya Birla Sun Life Small Cap Fund

87.2

4914

1.9

1.0

1.3

23.5

28.3

13.9

0.72

EQUITY – VALUE FUNDS

Aditya Birla Sun Life Value Fund

127.6

6161

1.9

1.1

3.5

26.4

13.1

0.71

EQUITY – TAX SAVING (ELSS) FUNDS

Axis ELSS Tax Saver Fund

98.1

35358

1.5

0.8

6.7

18.2

17.7

12.3

0.48

EQUITY – FOCUSED FUNDS

Axis Focused Fund

56.3

12644

1.7

0.8

7.5

14.9

15.7

12.0

0.43

HYBRID – CONSERVATIVE HYBRID FUNDS

Bandhan Conservative Hybrid Fund

32.1

117

2.0

1.1

6.5

8.4

7.3

6.8

0.56

EQUITY – FOCUSED FUNDS

Bandhan Focused Fund

88.0

1839

2.1

0.8

11.0

22.4

20.9

12.3

0.65

EQUITY – LARGE CAP FUNDS

DSP Large Cap Fund

481.2

6036

1.9

1.0

10.4

23.1

21.0

11.9

0.80

EQUITY – LARGE & MID CAP FUNDS

Franklin India Equity Advantage Fund

195.8

3491

2.0

1.3

10.0

20.7

24.7

12.1

0.79

EQUITY – SECTOR – IT FUNDS

Franklin India Technology Fund

525.1

1862

2.0

1.0

7.0

22.9

24.9

16.6

0.68

EQUITY – LARGE CAP FUNDS

Groww Largecap Fund

43.6

128

2.5

1.3

18.5

11.6

0.60

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

HDFC Infrastructure Fund

48.4

2540

2.0

1.0

0.8

36.4

34.8

11.8

0.96

HYBRID – AGGRESSIVE HYBRID FUNDS

LIC MF Aggressive Hybrid Fund

200.2

530

2.5

1.4

6.5

16.8

15.1

9.1

0.60

EQUITY – MID CAP FUNDS

LIC MF Midcap Fund

29.8

335

2.5

1.3

3.4

25.8

25.3

–

0.70

EQUITY – FLEXI CAP FUNDS

Motilal Oswal Flexi Cap Fund

62.9

13023

1.7

0.9

13.4

28.2

22.2

13.5

0.62

EQUITY – TAX SAVING (ELSS) FUNDS

Nippon India ELSS Tax Saver Fund

130.0

15292

1.7

1.0

3.9

23.0

25.3

10.9

0.82

HYBRID – AGGRESSIVE HYBRID FUNDS

Nippon India Equity Hybrid Fund

105.4

3897

2.0

1.1

6.7

19.4

20.4

10.3

0.89

HYBRID – EQUITY SAVINGS FUNDS

Nippon India Equity Savings Fund

16.0

720

1.8

0.7

5.3

9.9

10.1

4.7

0.81

HYBRID – CONSERVATIVE HYBRID FUNDS

Nippon India Hybrid Bond Fund

57.9

886

1.9

1.1

8.7

9.5

9.2

5.7

1.28

EQUITY – LARGE CAP FUNDS

PGIM India Large Cap Fund

346.7

600

2.4

0.9

5.2

17.0

17.9

10.6

0.60

EQUITY – THEMATIC – CONSUMPTION FUNDS

Sundaram Consumption Fund

98.5

1548

2.2

1.3

8.7

21.9

21.3

14.4

0.69

EQUITY – DIVIDEND YIELD FUNDS

Sundaram Dividend Yield Fund

136.5

895

2.3

1.1

0.6

20.2

22.1

14.4

0.80

EQUITY – SMALL CAP FUNDS

Sundaram Small Cap Fund

259.2

3311

1.9

0.9

5.3

26.1

31.7

14.3

0.84

EQUITY – FLEXI CAP FUNDS

Taurus Flexi Cap Fund

229.3

357

2.6

0.5

20.0

19.5

9.3

0.61

EQUITY – SECTOR – BANKING FUNDS

UTI Banking and Financial Services Fund

195.7

1295

2.2

1.2

14.7

23.9

23.2

11.4

0.67

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

UTI Infrastructure Fund

145.3

2200

2.2

1.9

-1.4

27.8

26.8

12.7

0.79

HYBRID – BALANCED ADVANTAGE FUNDS

UTI-Unit Linked Insurance Plan

42.3

5468

1.6

1.0

9.9

11.0

11.7

8.2

0.74

EQUITY – THEMATIC – MNC FUNDS

Aditya Birla Sun Life MNC Fund

–

1368.8

3672

2.0

1.4

-1.1

16.1

13.2

8.9

0.44

HYBRID – AGGRESSIVE HYBRID FUNDS

Axis Aggressive Hybrid Fund

–

20.7

1576

2.2

1.1

7.8

14.4

15.3

–

0.58

HYBRID – BALANCED ADVANTAGE FUNDS

Axis Balanced Advantage Fund

–

21.1

3161

1.9

0.8

8.5

16.3

14.1

–

0.83

EQUITY – FLEXI CAP FUNDS

Axis Flexi Cap Fund

–

27.1

12824

1.7

0.7

7.1

18.9

18.8

–

0.55

EQUITY – LARGE & MID CAP FUNDS

Axis Large & Mid Cap Fund

–

32.9

14349

1.7

0.6

6.7

22.4

24.0

–

0.70

HYBRID – EQUITY SAVINGS FUNDS

Bandhan Equity Savings Fund

–

31.1

303

1.1

0.2

6.1

8.4

8.7

6.7

0.97

HYBRID – CONSERVATIVE HYBRID FUNDS

Bank of India Conservative Hybrid Fund

–

34.3

2.1

1.1

4.1

8.8

12.3

7.7

1.11

EQUITY – SMALL CAP FUNDS

Bank of India Small Cap Fund

–

46.9

1819

2.0

0.5

2.5

26.6

34.5

–

0.82

HYBRID – BALANCED ADVANTAGE FUNDS

Baroda BNP Paribas Balanced Advantage Fund

–

24.8

4304

1.9

0.8

8.7

18.3

17.1

–

0.80

EQUITY – FOCUSED FUNDS

Baroda BNP Paribas Focused Fund

–

22.6

685

2.3

0.5

-0.4

19.4

20.0

–

0.56

EQUITY – THEMATIC – CONSUMPTION FUNDS

Baroda BNP Paribas India Consumption Fund

–

31.4

1434

2.1

0.7

3.6

20.2

20.6

–

0.65

EQUITY – MULTI CAP FUNDS

Baroda BNP Paribas Multi Cap Fund

–

286.5

2840

2.0

1.0

3.4

23.8

26.5

13.8

0.76

EQUITY – SMALL CAP FUNDS

Canara Robeco Small Cap Fund

–

39.5

12368

1.7

0.5

1.7

22.0

33.6

–

0.90

EQUITY – SECTOR – PHARMA FUNDS

DSP Healthcare Fund

–

38.4

2961

1.9

0.6

16.0

25.5

22.8

–

0.76

HYBRID – AGGRESSIVE HYBRID FUNDS

Edelweiss Aggressive Hybrid Fund

–

64.5

2749

1.9

0.4

9.7

21.5

21.6

12.8

0.97

EQUITY – SMALL CAP FUNDS

Edelweiss Small Cap Fund

–

44.5

4580

1.8

0.4

5.1

27.0

34.1

–

0.93

HYBRID – EQUITY SAVINGS FUNDS

Franklin India Equity Savings Fund

–

16.4

678

1.1

0.3

6.8

9.8

10.7

–

0.78

HYBRID – AGGRESSIVE HYBRID FUNDS

Groww Aggressive Hybrid Fund

–

21.0

2.4

1.4

1.5

15.8

16.5

–

0.67

EQUITY – TAX SAVING (ELSS) FUNDS

Groww ELSS Tax Saver Fund

–

20.2

2.3

0.9

1.2

18.6

–

0.59

EQUITY – VALUE FUNDS

Groww Value Fund

–

27.6

2.3

0.9

7.2

21.2

21.8

–

0.75

HYBRID – BALANCED ADVANTAGE FUNDS

HDFC Balanced Advantage Fund

–

524.8

100299

1.4

0.8

6.4

23.4

24.7

14.7

1.13

EQUITY – LARGE & MID CAP FUNDS

HSBC Large & Mid Cap Fund

–

26.9

4173

1.9

0.8

3.0

24.5

24.4

–

0.62

EQUITY – TAX SAVING (ELSS) FUNDS

HSBC Tax Saver Equity Fund

–

96.2

244

2.5

1.8

13.0

24.3

13.7

0.72

EQUITY – MULTI CAP FUNDS

ICICI Prudential Multicap Fund

–

802.1

15095

1.7

0.9

6.9

25.6

26.3

14.8

0.89

EQUITY – SECTOR – PHARMA FUNDS

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

–

39.1

5508

1.9

1.1

22.6

29.4

24.3

–

0.86

EQUITY – SMALL CAP FUNDS

ICICI Prudential Smallcap Fund

–

88.1

8254

1.8

0.7

1.1

22.0

32.5

15.4

1.02

HYBRID – AGGRESSIVE HYBRID FUNDS

Invesco India Aggressive Hybrid Fund

–

23.0

704

2.3

0.8

7.9

20.6

18.2

–

0.70

EQUITY – CONTRA FUNDS

Invesco India Contra Fund

–

137.2

18398

1.7

0.6

9.3

25.5

24.8

16.1

0.80

HYBRID – EQUITY SAVINGS FUNDS

Invesco India Equity Savings Fund

–

17.1

414

2.3

0.7

7.1

12.8

10.3

–

0.61

EQUITY – MULTI CAP FUNDS

Invesco India Multicap Fund

–

134.0

4003

1.9

0.7

8.4

25.1

25.3

14.2

0.72

EQUITY – SMALL CAP FUNDS

Invesco India Smallcap Fund

–

42.4

6823

1.8

0.4

11.6

31.7

33.7

–

0.86

HYBRID – BALANCED ADVANTAGE FUNDS

Kotak Balanced Advantage Fund

–

20.8

17343

1.7

0.6

8.3

14.4

13.8

–

0.87

EQUITY – CONTRA FUNDS

Kotak India EQ Contra Fund

–

151.9

4283

1.9

0.6

3.7

26.4

26.1

15.6

0.88

HYBRID – CONSERVATIVE HYBRID FUNDS

LIC MF Conservative Hybrid Fund

–

82.4

2.3

1.2

6.9

7.7

7.0

6.5

0.55

EQUITY – DIVIDEND YIELD FUNDS

LIC MF Dividend Yield Fund

–

31.4

560

2.4

0.7

6.3

27.1

24.9

–

0.79

HYBRID – EQUITY SAVINGS FUNDS

LIC MF Equity Savings Fund

–

27.8

2.4

1.3

8.6

11.2

10.9

7.1

0.64

EQUITY – FOCUSED FUNDS

LIC MF Focused Fund

–

22.2

140

2.5

1.6

7.5

17.5

19.3

–

0.63

EQUITY – SECTOR – PHARMA FUNDS

LIC MF Healthcare Fund

–

28.9

2.5

1.2

18.0

21.3

17.2

–

0.55

EQUITY – VALUE FUNDS

LIC MF Value Fund

–

24.1

165

2.4

1.0

-0.3

19.3

21.4

–

0.59

EQUITY – THEMATIC – CONSUMPTION FUNDS

Mahindra Manulife Consumption Fund

–

22.5

495

2.4

0.7

0.5

19.7

20.1

–

0.64

EQUITY – LARGE CAP FUNDS

Mahindra Manulife Large Cap Fund

–

23.7

675

2.3

0.7

5.8

18.8

20.7

–

0.72

EQUITY – MID CAP FUNDS

Mahindra Manulife Mid Cap Fund

–

33.6

3776

1.9

0.5

3.8

29.8

–

0.83

EQUITY – MULTI CAP FUNDS

Mahindra Manulife Multi Cap Fund

–

35.9

5408

1.8

0.4

4.9

25.5

27.7

–

0.78

HYBRID – EQUITY SAVINGS FUNDS

Mirae Asset Equity Savings Fund

–

20.4

1442

1.4

0.4

9.1

13.1

13.6

–

1.01

EQUITY – SECTOR – PHARMA FUNDS

Mirae Asset Healthcare Fund

–

37.9

2691

1.9

0.5

17.5

23.5

21.7

–

0.71

HYBRID – AGGRESSIVE HYBRID FUNDS

Navi Aggressive Hybrid Fund

–

20.7

121

2.3

0.4

6.3

16.3

16.0

–

0.67

EQUITY – TAX SAVING (ELSS) FUNDS

Navi ELSS Tax Saver Fund

–

29.3

2.3

0.4

1.0

17.4

18.1

–

0.60

EQUITY – FLEXI CAP FUNDS

Navi Flexi Cap Fund

–

22.9

255

2.3

0.4

1.2

17.3

19.3

–

0.63

HYBRID – BALANCED ADVANTAGE FUNDS

Nippon India Balanced Advantage Fund

–

177.5

9190

1.7

0.6

6.9

14.9

15.1

10.0

0.95

EQUITY – THEMATIC – CONSUMPTION FUNDS

Nippon India Consumption Fund

–

200.9

2419

2.0

0.6

3.6

22.5

25.3

14.9

0.83

EQUITY – MULTI CAP FUNDS

Nippon India Multi Cap Fund

–

302.7

43483

1.5

0.7

5.7

29.8

32.4

15.2

1.00

EQUITY – SECTOR – PHARMA FUNDS

Nippon India Pharma Fund

–

517.9

8352

1.8

0.9

17.0

25.6

22.1

14.6

0.72

HYBRID – AGGRESSIVE HYBRID FUNDS

PGIM India Aggressive Hybrid Equity Fund

–

131.6

214

2.3

0.8

7.5

16.2

15.9

8.6

0.58

HYBRID – EQUITY SAVINGS FUNDS

PGIM India Equity Savings Fund

–

49.3

1.3

0.6

6.5

7.9

9.4

7.2

1.16

EQUITY – MULTI CAP FUNDS

Quant Active Fund

–

641.1

9927

1.7

0.6

-8.7

19.8

28.3

18.0

0.75

EQUITY – FLEXI CAP FUNDS

Quant Flexi Cap Fund

–

99.3

7153

1.8

0.6

-6.1

24.0

32.0

19.1

0.86

EQUITY – CONTRA FUNDS

SBI Contra Fund

–

389.0

45496

1.5

0.6

3.3

26.2

33.2

16.2

1.27

EQUITY – SECTOR – PHARMA FUNDS

SBI Healthcare Opportunities Fund

–

427.9

3689

1.9

0.9

20.6

28.8

23.8

11.9

0.82

EQUITY – THEMATIC – MNC FUNDS

SBI Magnum Global Fund

–

365.7

6366

1.9

1.2

-0.1

12.9

16.6

10.7

0.58

HYBRID – AGGRESSIVE HYBRID FUNDS

Shriram Aggressive Hybrid Fund

–

31.9

2.4

1.0

-0.8

14.3

14.5

9.2

0.54

EQUITY – TAX SAVING (ELSS) FUNDS

Shriram ELSS Tax Saver Fund

–

21.5

2.3

0.8

-7.3

15.5

15.9

–

0.44

EQUITY – FLEXI CAP FUNDS

Shriram Flexi Cap Fund

–

20.6

133

2.4

0.9

-8.7

16.2

16.5

–

0.45

HYBRID – CONSERVATIVE HYBRID FUNDS

Sundaram Conservative Hybrid Fund

–

29.7

2.2

1.2

5.9

8.7

9.0

7.0

0.90

EQUITY – TAX SAVING (ELSS) FUNDS

Sundaram Diversified Equity

–

223.6

1488

2.2

1.7

5.6

18.3

21.3

11.7

0.76

EQUITY – MULTI CAP FUNDS

Sundaram Multi Cap Fund

–

383.2

2773

2.0

1.0

5.7

21.8

25.1

14.9

0.79

HYBRID – BALANCED ADVANTAGE FUNDS

Tata Balanced Advantage Fund

–

20.6

10227

1.7

0.4

4.3

13.6

14.1

–

0.94

EQUITY – FLEXI CAP FUNDS

Tata Flexi Cap Fund

–

24.9

3263

1.9

0.6

10.6

20.3

20.0

–

0.69

EQUITY – SECTOR – PHARMA FUNDS

Tata India Pharma & Healthcare Fund

–

29.9

1232

2.1

0.6

15.1

24.6

21.4

–

0.71

EQUITY – SMALL CAP FUNDS

Tata Small Cap Fund

–

40.4

10529

1.7

0.3

4.0

27.5

33.3

–

0.91

EQUITY – SECTOR – BANKING FUNDS

Taurus Banking & Financial Services Fund

–

55.4

2.4

1.6

8.9

21.8

21.0

12.4

0.61

EQUITY – TAX SAVING (ELSS) FUNDS

Taurus ELSS Tax Saver Fund

–

191.2

2.4

1.8

10.7

22.7

21.7

13.3

0.78

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Taurus Infrastructure Fund

–

69.7

2.5

2.0

-0.5

26.1

25.3

14.2

0.68

EQUITY – LARGE CAP FUNDS

Taurus Large Cap Fund

–

159.1

2.6

2.4

3.8

20.5

19.4

9.6

0.58

HYBRID – BALANCED ADVANTAGE FUNDS

Union Balanced Advantage Fund

–

20.3

1383

2.2

1.0

5.0

12.3

12.6

–

0.81

HYBRID – EQUITY SAVINGS FUNDS

Union Equity Savings Fund

–

16.9

138

2.0

1.5

5.1

9.6

9.2

–

0.71

EQUITY – VALUE FUNDS

Union Value Fund

–

28.4

318

2.5

1.2

4.3

23.1

24.0

–

0.81

HYBRID – EQUITY SAVINGS FUNDS

UTI Equity Savings Fund

–

18.4

687

1.6

0.7

6.9

12.6

12.7

–

1.08

EQUITY – SECTOR – PHARMA FUNDS

UTI Healthcare Fund

–

283.1

1062

2.3

1.3

21.0

26.3

21.6

11.8

0.70

EQUITY – THEMATIC – MNC FUNDS

UTI MNC Fund

–

388.6

2793

2.0

1.2

-2.8

15.7

15.5

10.0

0.54

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Returns Without The Rollercoaster

by Hansraj Agrawal | Jun 21, 2025 | Share Market

Equity savings funds provide a tax-efficient investment option for investors with a low to moderate risk appetite. They aim for returns higher than conventional fixed-income products, while keeping equity market volatility in check.

The funds under this hybrid mutual fund category typically allocate 25–30 per cent to equities, 35–45 per cent to arbitrage, and 25–35 per cent to debt. The arbitrage and equity components ensure over 65 per cent exposure to equity instruments, enabling these funds to qualify for favourable equity taxation. This makes them especially attractive to conservative investors seeking better returns than fixed income without taking on substantial market risk. The equity savings fund category is positioned between income plus arbitrage funds on the low-risk end and balanced advantage funds on the higher-risk side, offering a balanced risk-return profile.

Among the better performers in the equity savings category is Edelweiss Equity Savings Fund. Known for its above-average returns, the fund focuses on low-volatility equity investments and high-quality debt instruments. Over the last seven years, it has delivered a compounded annual return of 9.3 per cent, reflecting the strength of its conservative and disciplined approach.

Equity allocation

The fund follows a largely static allocation strategy: 25 per cent to equity, 30 per cent to debt, and approximately 45 per cent to arbitrage. The equity portion is managed using a factor-based investing approach, emphasising quality and low-volatility parameters to maintain a cautious stance. Within its equity allocation, around 75 per cent is invested in large-cap companies —about 18–19 per cent of total assets. The remaining equity portion, roughly 6 per cent of the fund’s assets, is invested in mid- and small-cap companies drawn mainly from the NSE 500 universe, with a bias towards the top 300 stocks.

Debt strategy

Debt comprises about 30 per cent of the portfolio and is managed through an accrual strategy, with exclusive exposure to AAA-rated securities. The average maturity of the debt holdings ranges from three to five years, and the fund typically adopts a buy-and-hold approach. It steers clear of high-credit-risk and long-duration securities, aligning with its overall conservative strategy. The portfolio has maintained an average allocation of 14 per cent to government securities over the past three years, aiding in meeting liquidity needs. Corporate debt exposure has ranged between 1–7 per cent, with key holdings in prominent names like HDB Financial Services, NABARD, and NHB.

Arbitrage approach

Arbitrage constitutes 40–45 per cent of the portfolio and is critical in balancing return generation with tax efficiency. This strategy takes advantage of pricing inefficiencies between the spot and futures markets. Key to arbitrage selection is the spread between spot and futures prices, which defines the return potential. Arbitrage tends to perform well in bullish or volatile markets but is less effective during prolonged downturns. For instance, the fund benefitted from strong arbitrage opportunities during February to April 2025, supported by PSU dividend announcements, budget-related expectations, and liquidity tightening. However, from October 2024 to February 2025, arbitrage returns weakened as the broader indices declined for five consecutive months, shrinking spreads and reducing returns.

Performance

Edelweiss Equity Savings Fund has consistently delivered above-average returns across various equity and interest rate cycles. Its conservative strategies across equity and debt have helped reduce volatility. For example, during the steep 38 per cent fall in the Nifty 50 between January and March 2020 due to the Covid-induced correction, the fund declined by only 9 per cent, significantly outperforming the category average of -16 per cent. More recently, between September 2024 and June 2025, it delivered a 3 per cent return versus the category average of 2 per cent.

An analysis of five-year rolling returns over the past decade shows that the fund delivered an average annual return of 9.2 per cent, ahead of the category average of 8 per cent. Its five-year returns have ranged between 6.5 per cent and 12.6 per cent.

The regular plan has an expense ratio of 1.6 per cent, slightly below the category average of 1.7 per cent. The direct plan is cost-efficient at 0.6 per cent, also lower than the category average of 0.7 per cent. For investors, a minimum investment horizon of three to five years is ideal to benefit from the fund’s stability and tax efficiency. While the proceeds from debt funds and bank fixed deposits are taxed as per the investor’s slab rate regardless of holding period, equity funds with at least 65 per cent equity are taxed at 20 per cent for short-term capital gains (held <1 year) and 12.5 per cent for long-term gains (held >1 year, above ₹1.25 lakh).

Published on June 21, 2025

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Index Approach To Multiple Platform Businesses

by Hansraj Agrawal | Jun 21, 2025 | Share Market

In the mutual fund space, internet related stocks have witnessed heightened activity in the last one year. Firstly, two indices have been launched: BSE Internet Economy Index launched in October 2024 and NSE’s India Internet Index in April 2025. This was followed by index fund launches starting with Edelweiss’ BSE Internet Economy Index Fund launched in May 2025. Two more were launched in the last week: Mirae’s Nifty India Internet ETF that closes on June 25 and Groww’s Nifty India Internet Index ETF that closes on June 27.

Here, we look at the sector composition, underlying drivers and how investors should approach the segment.

Sector composition

The indices floated by BSE and NSE are composed of 20 stocks ‘that conduct business largely through online platforms’ and are dependent on internet for operations. While BSE index will pick stocks from BSE-500, the NSE index will rely on Nifty Total Market Index which is composed of top 750 stocks by market capitalisation to populate the index.

Eternal (formerly Zomato) leads by weight in both the indices with weights of 20.2/14.5 per cent in NSE/BSE as on May 2025. But the BSE index includes Bharti Airtel also with a weight of 14.1 per cent. Globally, telecom and tech sectors are clubbed, but with tech valuations ballooning, telecom is seemingly left out. The other holdings are as shown in the table.

Sector drivers

Investors should appreciate the primary driver of the segment: adoption and increasing penetration of online platforms. Most of the companies in the sector are into distribution but through online mode. Zomato, Swiggy in food and grocery distribution, PB Fintech in insurance, One 97, Angel One and MOFSL in banking and financial services, Info Edge in classifieds, and CAMS in investor registrar services. The product or service being distributed is fundamental, but the channel of distribution is turning digital. So, the primary sector driver is platform adoption and penetration starting from a low base. Eternal and PB Fintech reported revenue growth of 66 and 44 per cent year-on-year in FY25 as an increase in penetration from a very low base fuels such high growth rates.

Being in consumer-facing operations, the segment shares consumption growth as the driver that is common to most other sectors; FMCG to financial services. Internet economy gains twice as fast as it is increasing penetration in consumer spending, which itself is expanding and expected to sustain the high growth rate. In reality, though, consumer spending is slowing in urban and recuperating in rural areas; alongside, lack of real wage growth is an overhang on this revenue driver. The hopes are pinned on increased spending post income tax cuts this budget, improved monsoon outlook and low base of rural consumption.

Investor relevance

Investors eyeing the segment should consider the three headwinds: valuations, survivability, and profitability. The two indices have reported a trailing PE multiple of 108 (Nifty index) and 71 (BSE index). Investors entering at such multiples have to expect high double digit growth for long periods. While the companies have delivered high growth which analysts expect to sustain, investors do not have a margin of error at such elevated price points.

The lower profitability is also a factor in high multiples with few of the companies’ either reporting losses till recently or only now reporting a thin margin of profitability. But as most are pioneers in their respective field of operations, a stable level of profitability is still speculative. Lower on degree but still speculative is the survivability of companies. This arises not because of any internal weakness of companies but owing to the fact that disruption is a mainstay of this segment. In fact, most of the companies in the segment are disruptors of earlier technologies.

Survivability and profitability are addressed by index investing. By holding the bunch, instead of a concentrated bet on any one, investors can improve their chances of holding the survivor and one with leading profitability.

Investors with a high risk appetite may consider a modest exposure to the segment, despite the valuation headwinds. The sector can gain from increasing internet penetration, digital banking access, per capital income and spending growth in the country. The index approach allows lower-cost exposure to the various platforms through a single investment eliminating company-specific risks. Technology-focused sectoral funds do give some exposure to Internet economy stocks, but top-performing actively managed schemes (direct plans) come with 60-100 bps expense ratios.

Published on June 21, 2025

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