How Nifty Next 50 Navigated Choppy Markets

by Hansraj Agrawal | May 17, 2025 | Share Market

The Nifty Next 50 index includes the 50 companies that are ranked 51 to 100 in terms of free-float market capitalisation after the Nifty 50 constituents. Commonly known as the “Junior Nifty”, this index functions as an incubator for aspiring Nifty 50 candidates that emerge from the Nifty Midcap 150. Simultaneously, it also acts as a catchment for underperforming stocks that have been removed from the Nifty 50 line-up.

Higher volatility

A look at 10-year rolling returns over the past 20 years shows that the Nifty Next 50 Total Return Index (TRI) delivered an annualised return of 15 per cent, outperforming the Nifty 50 TRI’s 12 per cent and slightly below the Nifty Midcap 150 TRI’s 16 per cent.

However, this performance has been accompanied by higher risk, with the Nifty Next 50 recording an annualised standard deviation of 23 per cent, compared to 14 per cent for the Nifty 50 and 25 per cent for the Midcap 150. Despite its large-cap nature, the Next 50’s risk profile aligns more closely with mid-caps. One major contributor to this volatility is the frequent rebalancing of index constituents. On average, the Nifty Next 50 has seen 11 changes per year over the past five years, far more than the Nifty 50’s average of two and the 29 changes in the Nifty Midcap 150’s much larger universe. Stocks move into the index either from below (as mid-caps grow) or from above (as fallen large-caps are downgraded), both scenarios often triggering volatility as institutions reposition their holdings.

Another factor is the high promoter ownership and lower free float among Nifty Next 50 constituents. As of March 2025, the average promoter holding in these stocks was 62 per cent, significantly higher than the 42 per cent in the Nifty 50 and 52 per cent in the Nifty Midcap 150. The lower float limits liquidity and market depth, magnifying price movements.

Moreover, the index is heavily weighted toward emerging sectors and companies undergoing significant transition whether from shifts in business models, or disruptive changes within their industries. These dynamics increase uncertainty in earnings and valuation, further contributing to volatility. The inclusion of new-age companies such as Zomato, FSN E-Commerce Ventures, and One 97 Communications, which have seen a roller coaster ride illustrates the impact such firms can have on the index’s overall returns.

Performance in various market cycles

Over the last 10 years, the Nifty Next 50 has shown a mixed performance compared to its close counterparts across different equity market cycles. During the 2015-16 bear market, it contained losses better than both the Nifty 50 and Nifty Midcap 150, largely due to its lower exposure to heavily affected sectors like PSU banks, real estate, and metals that drove the correction amid global and domestic pressures.

The period from 2017 to 2020 proved challenging for the index as it suffered from significant exposure to struggling sectors. Financial stocks, particularly NBFCs, faced difficulties following the IL&FS default-triggered liquidity crisis. Simultaneously, pharmaceutical companies including Aurobindo Pharma, Zydus Lifesciences, and Lupin encountered US regulatory hurdles and pricing challenges. The Covid-19 pandemic further exacerbated these issues, especially impacting aviation and hospitality sectors.

During the 2023-24 market rally, which was powered by strong domestic economic growth outperforming global economies and renewed foreign institutional investment amid the Nifty Next 50 excelled with a 64 per cent return. This performance surpassed both the Nifty 50’s 36 per cent and the Nifty Midcap 150’s 61 per cent gains, boosted by standout performers like Dixon Technologies (India), Prestige Estates Projects, and Torrent Power.

The most recent correction, from September 2024 to March 2025, saw the Nifty Next 50 fall 24 per cent, more than the 15 per cent and 20 per cent drops in the Nifty 50 and Nifty Midcap 150, respectively. This period coincided with rising US tariffs, which disrupted global trade flows and disproportionately hurt mid-sized companies typical of the Next 50. Foreign portfolio investors pulled out capital from these high-beta names in favour of safer large-cap bets. However, between March and May 2025, the index rebounded by 13 per cent, slightly ahead of the Nifty 50’s 12 per cent gain, though still trailing the Midcap 150’s 16 per cent surge.

Overall, there seems to be no compelling case for investing in the Nifty Next 50. While the performance in the latest rally has been strong, history suggests that the index tends to lag Nifty Midcap 150 in rolling returns and falls more than the Nifty 50 during bear phases.

Published on May 17, 2025

Source link

Mutual Funds returns

by Hansraj Agrawal | May 17, 2025 | Share Market

EQUITY – FOCUSED FUNDS

360 ONE Focused Equity Fund

46.5

6961

1.8

0.8

7.7

21.2

26.1

15.6

0.80

EQUITY – TAX SAVING (ELSS) FUNDS

Bank of India ELSS Tax Saver

158.7

1324

2.0

0.8

-0.1

22.1

26.9

15.5

0.68

HYBRID – AGGRESSIVE HYBRID FUNDS

BOI AXA Mid & Small Cap Eq&Debt

37.5

1095

2.1

0.8

8.5

21.6

28.1

–

0.73

EQUITY – LARGE CAP FUNDS

Canara Robeco Bluechip Equity Fund

62.8

15621

1.7

0.5

14.2

19.3

22.4

13.8

0.77

EQUITY – THEMATIC – CONSUMPTION FUNDS

Canara Robeco Consumer Trends Fund

108.7

1780

2.1

0.8

10.3

22.1

25.0

15.9

0.76

HYBRID – BALANCED ADVANTAGE FUNDS

Edelweiss Balanced Advantage Fund

50.3

12455

1.7

0.5

7.4

14.2

16.8

10.4

0.85

HYBRID – EQUITY SAVINGS FUNDS

Edelweiss Equity Savings Fund

24.8

598

1.6

0.6

10.4

11.6

11.9

8.9

1.03

EQUITY – LARGE & MID CAP FUNDS

HDFC Large and Mid Cap Fund

331.4

24326

1.7

0.9

9.7

24.5

31.1

14.1

0.94

HYBRID – BALANCED ADVANTAGE FUNDS

ICICI Prudential Balanced Advantage Fund

72.9

62528

1.4

0.8

11.8

14.7

17.7

11.1

1.29

EQUITY – LARGE CAP FUNDS

ICICI Prudential Bluechip Fund

109.4

68034

1.4

0.9

12.0

22.1

26.2

14.3

0.96

EQUITY – FOCUSED FUNDS

ICICI Prudential Focused Equity Fund

89.9

11019

1.7

0.6

16.0

26.1

28.9

14.6

0.99

EQUITY – SECTOR – IT FUNDS

ICICI Prudential Technology Fund

197.7

12983

1.8

1.0

15.6

13.5

32.4

17.5

0.81

EQUITY – VALUE FUNDS

ICICI Prudential Value Discovery Fund

463.4

51112

1.5

1.0

14.8

24.5

31.3

15.1

1.25

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Invesco India Infrastructure Fund

62.3

1446

2.1

0.8

3.1

29.9

33.0

16.1

0.78

EQUITY – FLEXI CAP FUNDS

JM Flexicap Fund

97.3

5625

1.8

0.5

3.8

28.0

29.5

16.1

0.84

EQUITY – LARGE CAP FUNDS

JM Large Cap Fund

150.4

507

2.4

0.8

1.1

19.1

19.9

10.5

0.63

EQUITY – VALUE FUNDS

JM Value Fund

97.1

1036

2.2

0.9

3.9

28.6

31.1

16.5

0.86

HYBRID – CONSERVATIVE HYBRID FUNDS

Kotak Debt Hybrid Fund

58.6

3075

1.7

0.5

10.3

12.1

12.8

9.8

1.19

EQUITY – MID CAP FUNDS

Motilal Oswal Midcap Fund

99.4

27780

1.6

0.7

19.2

32.5

38.3

17.8

0.94

EQUITY – SMALL CAP FUNDS

Nippon India Small Cap Fund

163.8

58029

1.4

0.7

5.0

28.2

40.5

21.3

0.96

EQUITY – FLEXI CAP FUNDS

Parag Parikh Flexi Cap Fund

82.9

98541

1.3

0.6

15.2

22.8

28.3

17.4

1.08

EQUITY – MID CAP FUNDS

PGIM India Midcap Opportunities Fund

62.3

10602

1.7

0.5

10.8

17.3

31.0

15.0

0.89

HYBRID – AGGRESSIVE HYBRID FUNDS

Quant Absolute Fund

415.1

2054

2.0

0.7

1.2

16.1

27.9

15.3

0.97

EQUITY – TAX SAVING (ELSS) FUNDS

Quant ELSS Tax Saver Fund

358.1

10873

1.7

0.5

-4.3

20.0

34.9

19.9

0.89

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Quant Infrastructure Fund

37.3

3173

1.9

0.7

-7.5

24.3

42.2

18.3

0.94

EQUITY – LARGE & MID CAP FUNDS

Quant Large & Mid Cap Fund

115.2

3645

1.9

0.6

-3.1

22.4

26.9

16.7

0.75

EQUITY – MID CAP FUNDS

Quant Mid Cap Fund

219.7

8776

1.8

0.6

-4.6

24.0

34.1

16.9

0.92

EQUITY – SMALL CAP FUNDS

Quant Small Cap Fund

249.5

26222

1.6

0.7

0.9

28.7

49.0

19.4

1.05

HYBRID – CONSERVATIVE HYBRID FUNDS

SBI Conservative Hybrid Fund

71.8

9612

1.5

1.1

9.1

11.1

12.7

9.2

1.31

EQUITY – TAX SAVING (ELSS) FUNDS

SBI Long Term Equity Fund

431.5

28506

1.6

0.9

10.6

28.7

30.4

14.4

1.03

HYBRID – EQUITY SAVINGS FUNDS

Sundaram Equity Savings Fund

69.6

1004

2.2

0.7

9.9

12.7

15.2

9.6

1.05

EQUITY – SECTOR – BANKING FUNDS

Sundaram Financial Services Opportunities Fund

103.5

1524

2.1

0.8

13.7

25.4

27.0

13.8

0.74

EQUITY – DIVIDEND YIELD FUNDS

Templeton India Equity Income Fund

138.8

2338

2.1

1.3

7.0

20.0

30.8

14.9

1.23

HYBRID – BALANCED ADVANTAGE FUNDS

Aditya Birla SL Bal Advantage

105.3

7533

1.8

0.7

13.0

14.9

17.0

11.1

0.95

EQUITY – SMALL CAP FUNDS

AXIS Small Cap Fund

102.4

23318

1.6

0.6

12.2

22.3

31.9

18.4

0.90

EQUITY – LARGE & MID CAP FUNDS

Bandhan Core Equity Fund

129.7

8408

1.8

0.6

12.3

27.5

30.6

15.0

0.94

EQUITY – TAX SAVING (ELSS) FUNDS

Bandhan ELSS Tax Saver Fund

149.9

6806

1.7

0.6

6.7

18.9

29.4

14.2

0.93

EQUITY – VALUE FUNDS

Bandhan Sterling Value Fund

146.8

9774

1.8

0.7

7.1

21.2

35.1

15.0

1.05

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

BOI AXA Manufacturing & Infra

53.8

526

2.3

0.8

4.7

27.6

32.8

16.3

0.83

HYBRID – AGGRESSIVE HYBRID FUNDS

Baroda BNP Paribas Aggressive Hybrid Fund

27.6

1180

2.1

0.5

8.4

17.5

19.5

–

0.74

EQUITY – LARGE CAP FUNDS

Baroda BNP Paribas Large Cap Fund

218.5

2543

2.0

0.8

7.0

19.9

22.4

12.7

0.75

EQUITY – TAX SAVING (ELSS) FUNDS

Canara Robeco ELSS Tax Saver

172.9

8516

1.7

0.6

10.8

19.1

24.3

14.2

0.78

EQUITY – TAX SAVING (ELSS) FUNDS

DSP ELSS Tax Saver Fund

138.4

16638

1.6

0.7

16.1

23.4

28.0

16.0

0.93

EQUITY – LARGE CAP FUNDS

Edelweiss Large Cap Fund

83.4

1229

2.1

0.6

9.5

19.5

23.2

12.5

0.79

EQUITY – MID CAP FUNDS

Edelweiss Mid Cap Fund

97.2

9242

1.7

0.4

18.8

28.8

34.1

17.8

0.93

EQUITY – FLEXI CAP FUNDS

Franklin India Flexi Cap Fund

1631.8

18225

1.7

1.0

12.9

23.4

29.6

14.1

0.93

EQUITY – FLEXI CAP FUNDS

HDFC Flexi Cap Fund

1956.9

74105

1.4

0.7

17.0

27.3

32.4

15.6

1.10

EQUITY – FOCUSED FUNDS

HDFC Focused 30 Fund

226.4

18560

1.7

0.7

17.0

26.9

32.2

14.6

1.16

HYBRID – CONSERVATIVE HYBRID FUNDS

HDFC Hybrid Debt Fund

82.5

3364

1.7

1.1

9.6

12.2

13.3

9.1

1.24

EQUITY – MID CAP FUNDS

HDFC Mid-Cap Opportunities Fund

186.5

74910

1.4

0.8

12.9

30.3

34.6

17.6

1.05

HYBRID – BALANCED ADVANTAGE FUNDS

HSBC Balanced Advantage Fund

42.7

1497

2.1

0.8

8.8

12.9

12.6

7.9

0.71

HYBRID – EQUITY SAVINGS FUNDS

HSBC Equity Savings Fund

32.4

649

1.5

0.6

8.1

13.1

15.6

8.6

0.75

EQUITY – DIVIDEND YIELD FUNDS

ICICI Prudential Dividend Yield Equity Fund

51.7

5231

1.9

0.6

10.9

26.9

34.3

15.8

1.22

HYBRID – AGGRESSIVE HYBRID FUNDS

ICICI Prudential Equity & Debt Fund

387.9

42340

1.6

1.0

12.7

21.7

27.9

15.6

1.19

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

ICICI Prudential Infrastructure Fund

190.8

7416

1.9

1.2

7.9

33.2

40.6

16.6

1.15

EQUITY – LARGE & MID CAP FUNDS

ICICI Prudential Large & Mid Cap Fund

992.8

20352

1.7

0.8

14.2

25.6

31.6

15.4

1.08

HYBRID – CONSERVATIVE HYBRID FUNDS

ICICI Prudential Regular Savings Fund

74.8

3166

1.7

1.0

10.4

11.0

11.3

9.4

1.32

EQUITY – SECTOR – BANKING FUNDS

Invesco India Financial Services Fund

133.0

1308

2.2

0.9

16.8

25.1

26.0

14.7

0.66

HYBRID – AGGRESSIVE HYBRID FUNDS

JM Aggressive Hybrid Fund

117.8

802

2.2

0.6

2.8

23.7

28.3

12.1

1.00

EQUITY – TAX SAVING (ELSS) FUNDS

JM ELSS Tax Saver Fund

46.7

189

2.4

1.1

5.7

22.7

27.9

14.9

0.80

EQUITY – LARGE CAP FUNDS

Kotak Bluechip Fund

567.7

9830

1.7

0.6

12.1

19.2

23.8

12.8

0.80

EQUITY – MID CAP FUNDS

Kotak Emerging Equity Fund

127.8

49646

1.4

0.4

13.0

24.4

32.1

17.5

0.89

HYBRID – AGGRESSIVE HYBRID FUNDS

Kotak Equity Hybrid Fund

60.4

7036

1.8

0.5

11.1

17.2

23.2

12.7

0.91

EQUITY – LARGE & MID CAP FUNDS

Kotak Equity Opportunities Fund

331.9

25712

1.6

0.6

6.9

22.6

26.5

15.1

0.83

HYBRID – EQUITY SAVINGS FUNDS

Kotak Equity Savings Fund

25.8

8190

1.8

0.7

8.4

12.2

13.2

9.3

1.07

EQUITY – SMALL CAP FUNDS

Kotak Small Cap Fund

251.0

15867

1.7

0.6

5.3

18.9

35.2

17.3

0.89

EQUITY – TAX SAVING (ELSS) FUNDS

Mirae Asset ELSS Tax Saver Fund

47.6

24774

1.6

0.6

11.6

19.1

26.5

–

0.84

EQUITY – THEMATIC – CONSUMPTION FUNDS

Mirae Asset Great Consumer Fund

90.8

4117

1.9

0.4

9.4

21.6

25.7

15.2

0.76

EQUITY – LARGE & MID CAP FUNDS

Mirae Asset Large & Midcap Fund

145.5

37799

1.5

0.6

7.9

18.7

26.0

17.4

0.78

EQUITY – TAX SAVING (ELSS) FUNDS

Motilal Oswal ELSS Tax Saver Fund

50.7

3897

1.8

0.7

14.9

29.8

29.2

17.0

0.63

EQUITY – MID CAP FUNDS

Nippon India Growth Fund

4003.8

34690

1.6

0.7

13.4

28.7

35.0

17.6

0.97

EQUITY – LARGE CAP FUNDS

Nippon India Large Cap Fund

89.1

39677

1.5

0.7

10.9

24.3

28.8

14.2

0.93

EQUITY – VALUE FUNDS

Nippon India Value Fund

222.5

8383

1.8

1.1

10.7

26.2

31.5

15.8

0.93

EQUITY – FLEXI CAP FUNDS

PGIM India Flexi Cap Fund

35.5

6143

1.8

0.4

11.8

15.5

24.7

13.6

0.76

EQUITY – FOCUSED FUNDS

Quant Focused Fund

84.8

1021

2.2

0.7

-0.7

19.1

25.6

14.5

0.73

EQUITY – SECTOR – BANKING FUNDS

SBI Banking & Financial Services Fund

40.8

7650

1.8

0.8

19.0

22.7

25.4

15.7

0.67

EQUITY – THEMATIC – CONSUMPTION FUNDS

SBI Consumption Opportunities Fund

310.6

3028

2.0

0.9

9.2

19.8

29.3

15.8

0.90

EQUITY – SECTOR – IT FUNDS

Tata Digital India Fund

47.3

11037

1.7

0.5

12.4

14.5

30.0

–

0.71

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Tata Infrastructure Fund

168.4

2056

2.1

1.2

-7.4

25.7

32.6

14.6

0.78

EQUITY – FLEXI CAP FUNDS

Union Flexi Cap Fund

50.0

2227

2.0

0.9

8.0

18.6

24.5

12.1

0.76

EQUITY – SECTOR – BANKING FUNDS

Aditya Birla SL Bank & Fin Serv

59.9

3439

2.0

1.1

15.9

21.2

26.1

13.8

0.67

EQUITY – SECTOR – IT FUNDS

Aditya Birla Sun Life Digital India Fund

168.5

4540

1.9

0.9

11.2

13.5

28.5

17.7

0.70

EQUITY – DIVIDEND YIELD FUNDS

Aditya Birla Sun Life Dividend Yield Fund

437.5

1416

2.2

1.4

5.5

23.9

27.6

12.3

0.85

EQUITY – FLEXI CAP FUNDS

Aditya Birla Sun Life Flexi Cap Fund

1766.3

22414

1.7

0.9

14.3

20.3

24.9

14.0

0.77

EQUITY – FOCUSED FUNDS

Aditya Birla Sun Life Focused Fund

140.3

7595

1.8

0.9

14.6

19.5

23.3

12.7

0.79

EQUITY – LARGE CAP FUNDS

Aditya Birla Sun Life Frontline Equity Fund

521.5

29220

1.7

1.0

12.9

19.3

24.2

12.5

0.82

EQUITY – THEMATIC – CONSUMPTION FUNDS

Aditya Birla Sun Life India GenNext Fund

213.4

5967

1.9

0.8

12.0

20.0

24.2

15.0

0.74

HYBRID – CONSERVATIVE HYBRID FUNDS

Aditya Birla Sun Life Regular Savings Fund

66.2

1373

1.9

1.0

10.9

10.0

12.8

8.6

1.25

HYBRID – CONSERVATIVE HYBRID FUNDS

Axis Conservative Hybrid Fund

30.0

275

2.2

0.9

10.1

8.6

9.4

7.0

0.77

HYBRID – EQUITY SAVINGS FUNDS

Axis Equity Savings Fund

21.9

942

2.3

1.0

8.7

11.2

12.5

–

0.79

EQUITY – MID CAP FUNDS

Axis Midcap Fund

109.1

28809

1.6

0.6

10.7

21.8

25.5

15.8

0.71

HYBRID – BALANCED ADVANTAGE FUNDS

Bandhan Balanced Advantage Fund

23.9

2254

2.0

0.7

9.4

12.7

13.4

8.5

0.63

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Bandhan Infrastructure Fund

50.1

1577

2.1

0.9

2.9

31.8

37.7

15.9

0.84

EQUITY – LARGE CAP FUNDS

Bandhan Large Cap Fund

75.4

1828

2.0

0.9

12.0

19.7

22.4

12.0

0.72

HYBRID – CONSERVATIVE HYBRID FUNDS

Baroda BNP Paribas Conser Hybrid

44.6

748

2.0

0.6

8.5

9.8

8.8

7.4

0.71

EQUITY – TAX SAVING (ELSS) FUNDS

Baroda BNP Paribas ELSS Tax Saver Fund

93.2

886

2.2

1.0

9.5

21.2

22.5

12.4

0.67

EQUITY – MID CAP FUNDS

Baroda BNP Paribas Mid Cap Fund

97.9

2037

2.0

0.6

7.1

22.7

29.2

15.3

0.83

HYBRID – CONSERVATIVE HYBRID FUNDS

Canara Robeco Conservative Hybrid Fund

96.5

944

1.8

0.7

10.2

9.8

10.1

8.1

0.92

EQUITY – LARGE & MID CAP FUNDS

Canara Robeco Emerging Equities

253.0

24041

1.6

0.6

14.4

20.6

25.8

16.0

0.78

HYBRID – AGGRESSIVE HYBRID FUNDS

Canara Robeco Equity Hybrid Fund

354.8

10655

1.7

0.6

11.8

16.4

18.7

12.4

0.77

EQUITY – FLEXI CAP FUNDS

Canara Robeco Flexi Cap Fund

332.4

12609

1.7

0.6

12.0

18.4

22.6

13.5

0.74

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Canara Robeco Infrastructure Fund

155.9

837

2.3

1.0

7.0

31.0

34.6

15.4

0.91

HYBRID – AGGRESSIVE HYBRID FUNDS

DSP Aggressive Hybrid Fund

358.0

10829

1.7

0.7

18.3

19.5

20.6

12.9

0.81

HYBRID – BALANCED ADVANTAGE FUNDS

DSP Dynamic Asset Allocation Fund

27.3

3311

1.9

0.7

12.2

13.2

13.0

9.1

0.80

EQUITY – FLEXI CAP FUNDS

DSP Flexi Cap Fund

101.6

11412

1.7

0.7

13.4

21.4

24.1

14.2

0.71

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

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

304.0

4950

1.9

0.9

-0.8

30.5

36.4

16.1

0.91

EQUITY – LARGE & MID CAP FUNDS

DSP Large & Mid Cap Fund

611.1

14387

1.7

0.7

14.0

24.5

27.3

15.5

0.88

EQUITY – SMALL CAP FUNDS

DSP Small Cap Fund

184.1

14258

1.7

0.9

8.8

21.2

34.3

16.7

0.83

EQUITY – FLEXI CAP FUNDS

Edelweiss Flexi Cap Fund

37.2

2542

1.9

0.5

11.0

22.3

26.1

14.4

0.79

EQUITY – LARGE & MID CAP FUNDS

Edelweiss Large & Mid Cap Fund

84.5

3732

1.9

0.5

12.7

21.8

26.0

14.3

0.78

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Franklin Build India Fund

138.2

2726

2.0

1.0

3.7

33.0

36.5

17.0

0.97

EQUITY – TAX SAVING (ELSS) FUNDS

Franklin India ELSS Tax Saver Fund

1474.5

6592

1.8

1.1

12.7

23.6

29.0

13.5

0.88

HYBRID – AGGRESSIVE HYBRID FUNDS

Franklin India Equity Hybrid Fund

268.8

2131

2.1

0.9

11.3

18.3

21.4

11.6

0.89

EQUITY – FOCUSED FUNDS

Franklin India Focused Equity Fund

105.7

11968

1.8

1.1

8.3

21.2

27.4

13.7

0.82

EQUITY – TAX SAVING (ELSS) FUNDS

HDFC ELSS Tax saver

1394.2

16232

1.7

1.1

14.7

26.3

29.7

13.5

1.10

HYBRID – EQUITY SAVINGS FUNDS

HDFC Equity Savings Fund

65.3

5486

1.9

0.9

7.8

11.6

14.0

9.6

1.04

HYBRID – AGGRESSIVE HYBRID FUNDS

HDFC Hybrid Equity Fund

117.7

23851

1.7

1.0

10.6

16.4

21.4

10.7

0.94

EQUITY – LARGE CAP FUNDS

HDFC Large Cap Fund

1131.7

37315

1.6

1.0

8.8

20.7

25.6

12.9

0.86

HYBRID – CONSERVATIVE HYBRID FUNDS

HSBC Conservative Hybrid Fund

61.1

143

2.2

1.3

10.7

11.4

10.3

7.8

0.68

EQUITY – FLEXI CAP FUNDS

HSBC Flexi Cap Fund

213.4

4700

1.9

1.2

12.6

22.5

26.2

12.7

0.70

EQUITY – LARGE CAP FUNDS

HSBC Large Cap Fund

465.7

1809

2.1

1.2

8.5

18.7

21.7

12.1

0.66

EQUITY – SMALL CAP FUNDS

HSBC Small Cap Fund

78.5

14737

1.7

0.6

2.9

24.1

37.2

18.8

0.81

EQUITY – VALUE FUNDS

HSBC Value Fund

106.6

13095

1.7

0.8

10.2

26.9

31.3

16.3

0.90

EQUITY – SECTOR – BANKING FUNDS

ICICI Prudential Banking & Financial Services Fund

131.8

9375

1.8

1.0

20.2

20.8

25.9

13.7

0.71

EQUITY – TAX SAVING (ELSS) FUNDS

ICICI Pru Long Term Equity

919.1

14121

1.7

1.1

13.0

19.7

25.2

13.2

0.84

EQUITY – MID CAP FUNDS

ICICI Prudential Midcap Fund

283.6

5932

1.9

1.2

9.2

25.2

32.6

15.0

0.89

HYBRID – BALANCED ADVANTAGE FUNDS

Invesco India Balanced Advantage Fund

53.1

965

2.1

0.8

8.7

15.5

15.1

9.7

0.70

EQUITY – TAX SAVING (ELSS) FUNDS

Invesco India ELSS Tax Saver Fund

123.2

2721

1.9

0.8

12.0

20.2

23.2

13.6

0.64

EQUITY – LARGE & MID CAP FUNDS

Invesco India Large & Mid Cap Fund

94.9

6765

1.8

0.7

18.8

27.5

27.0

15.3

0.74

EQUITY – LARGE CAP FUNDS

Invesco India Largecap Fund

68.1

1424

2.1

0.8

11.4

20.2

23.1

12.7

0.71

EQUITY – MID CAP FUNDS

Invesco India Midcap Fund

167.0

6047

1.8

0.7

21.6

29.3

31.4

17.4

0.82

EQUITY – FOCUSED FUNDS

JM Focused Fund

19.3

260

2.4

0.7

1.9

23.0

23.3

12.8

0.63

EQUITY – TAX SAVING (ELSS) FUNDS

Kotak ELSS Tax Saver Fund

114.1

6077

1.8

0.7

5.3

20.3

25.5

14.1

0.77

EQUITY – FLEXI CAP FUNDS

Kotak Flexicap Fund

83.3

50812

1.5

0.7

11.6

20.7

23.6

14.0

0.75

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Kotak Infra & Economic Reform

63.5

2181

2.0

0.7

0.6

27.5

34.3

15.4

0.84

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

LIC MF Infrastructure Fund

47.7

887

2.2

0.6

8.9

31.8

34.4

14.8

0.81

EQUITY – LARGE & MID CAP FUNDS

LIC MF Large & Midcap Fund

38.1

2894

1.9

0.6

12.0

20.1

24.8

14.4

0.74

EQUITY – SMALL CAP FUNDS

LIC MF Small Cap Fund

29.3

518

2.4

1.0

5.6

22.4

33.5

–

0.76

EQUITY – TAX SAVING (ELSS) FUNDS

Mahindra Manulife ELSS Tax Saver Fund

28.3

924

2.2

0.6

9.6

19.1

25.0

–

0.80

HYBRID – EQUITY SAVINGS FUNDS

Mahi Manu Eq Sav Dhan San Yojana

20.3

563

2.4

0.7

6.9

10.6

13.9

–

0.85

HYBRID – AGGRESSIVE HYBRID FUNDS

Mirae Asset Aggressive Hybrid Fund

31.6

8854

1.7

0.4

12.2

16.0

19.4

–

0.78

EQUITY – LARGE CAP FUNDS

Mirae Asset Large Cap Fund

111.3

38892

1.5

0.6

13.4

16.3

22.1

13.4

0.74

EQUITY – SECTOR – BANKING FUNDS

Nippon India Banking & Financial Services Fund

617.4

6967

1.9

1.0

18.1

23.9

30.6

13.4

0.80

EQUITY – FOCUSED FUNDS

Nippon India Focused Equity Fund

119.6

8193

1.8

1.2

10.8

18.9

27.5

13.9

0.84

EQUITY – TAX SAVING (ELSS) FUNDS

PGIM India ELSS Tax Saver Fund

34.7

764

2.3

0.7

13.6

16.9

24.7

–

0.80

EQUITY – LARGE CAP FUNDS

SBI Blue Chip Fund

91.5

51010

1.5

0.8

12.0

18.2

23.6

12.7

0.83

HYBRID – AGGRESSIVE HYBRID FUNDS

SBI Equity Hybrid Fund

294.8

74036

1.4

0.7

14.4

15.5

19.2

12.0

0.86

HYBRID – EQUITY SAVINGS FUNDS

SBI Equity Savings Fund

23.7

5443

1.4

0.9

9.3

12.2

14.0

–

0.91

EQUITY – FOCUSED FUNDS

SBI Focused Equity Fund

341.2

36041

1.6

0.8

12.5

17.1

22.3

14.4

0.75

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

SBI Infrastructure Fund

49.5

4872

1.9

1.0

4.3

28.2

32.3

15.8

0.96

EQUITY – LARGE & MID CAP FUNDS

SBI Large & Midcap Fund

601.7

30133

1.6

0.8

12.1

21.1

28.1

14.7

0.96

EQUITY – MID CAP FUNDS

SBI Magnum Midcap Fund

232.8

21512

1.7

0.8

9.3

21.4

32.4

15.0

1.03

EQUITY – SMALL CAP FUNDS

SBI Small Cap Fund

166.8

31790

1.6

0.7

3.8

19.5

31.0

18.5

0.88

HYBRID – AGGRESSIVE HYBRID FUNDS

Sundaram Aggressive Hybrid Fund

160.5

5924

1.8

0.7

11.5

15.9

19.8

12.4

0.82

HYBRID – BALANCED ADVANTAGE FUNDS

Sundaram Balanced Advantage Fund

35.0

1537

2.1

0.6

10.5

13.4

12.5

7.8

0.62

EQUITY – FOCUSED FUNDS

Sundaram Focused Fund

156.8

1058

2.3

1.3

6.6

17.5

22.2

13.1

0.67

EQUITY – SECTOR – BANKING FUNDS

Tata Banking and Financial Services Fund

42.2

2752

1.9

0.5

19.9

23.4

23.8

–

0.65

EQUITY – VALUE FUNDS

Tata Equity P/E Fund

341.1

8228

1.8

0.8

5.1

23.4

26.0

14.6

0.83

HYBRID – EQUITY SAVINGS FUNDS

Tata Equity Savings Fund

54.7

262

1.1

0.5

9.2

10.7

11.6

7.3

1.07

EQUITY – THEMATIC – CONSUMPTION FUNDS

Tata India Consumer Fund

43.6

2325

2.0

0.8

12.8

22.6

23.9

–

0.66

EQUITY – LARGE & MID CAP FUNDS

Tata Large & Mid Cap Fund

517.1

8294

1.8

0.7

7.4

20.2

24.6

13.5

0.84

EQUITY – LARGE CAP FUNDS

Tata Large Cap Fund

497.7

2539

2.0

1.0

8.2

18.2

23.8

12.0

0.80

EQUITY – MID CAP FUNDS

Tata Mid Cap Growth Fund

411.7

4505

1.9

0.7

3.9

23.6

28.7

15.1

0.84

EQUITY – MID CAP FUNDS

Taurus Mid Cap Fund

118.3

120

2.6

2.2

0.5

21.1

25.2

14.7

0.65

EQUITY – VALUE FUNDS

Templeton India Value Fund

712.6

2195

2.1

0.9

7.0

23.6

32.9

14.6

1.06

EQUITY – TAX SAVING (ELSS) FUNDS

Union ELSS Tax Saver Fund

63.0

872

2.3

1.4

8.0

18.9

24.9

11.8

0.78

EQUITY – SMALL CAP FUNDS

Union Small Cap Fund

45.7

1468

2.1

1.0

5.3

20.4

31.7

13.9

0.73

HYBRID – AGGRESSIVE HYBRID FUNDS

UTI Aggressive Hybrid Fund

401.3

6122

1.9

1.2

13.5

19.8

24.0

12.4

1.04

HYBRID – CONSERVATIVE HYBRID FUNDS

UTI Conservative Hybrid Fund

69.2

1666

1.8

1.2

11.8

11.3

12.5

8.5

1.19

EQUITY – TAX SAVING (ELSS) FUNDS

UTI ELSS Tax Saver Fund

204.1

3689

1.9

0.9

10.5

17.1

23.0

12.3

0.69

EQUITY – LARGE & MID CAP FUNDS

UTI Large & Mid Cap Fund

175.4

4349

1.9

0.9

14.7

25.3

30.5

13.7

0.97

EQUITY – LARGE CAP FUNDS

UTI Large Cap Fund

272.3

12608

1.8

1.0

11.3

16.0

21.7

11.7

0.71

EQUITY – MID CAP FUNDS

UTI Mid Cap Fund

289.8

10923

1.8

0.9

8.1

20.7

28.2

14.0

0.76

EQUITY – VALUE FUNDS

UTI Value Fund

164.7

9573

1.8

1.1

15.7

22.2

26.6

13.1

0.89

HYBRID – AGGRESSIVE HYBRID FUNDS

Aditya Birla Sun Life Equity Hybrid ’95 Fund

1500.6

7319

1.9

1.1

10.7

15.0

19.8

10.6

0.75

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Aditya Birla Sun Life Infrastructure Fund

91.9

1065

2.3

1.4

0.4

27.2

33.3

13.4

0.79

EQUITY – LARGE CAP FUNDS

Axis Bluechip Fund

60.2

33218

1.6

0.7

9.5

14.9

17.9

12.3

0.54

HYBRID – AGGRESSIVE HYBRID FUNDS

Bandhan Aggressive Hybrid Fund

25.1

846

2.3

1.0

15.1

17.2

21.3

–

0.78

EQUITY – FLEXI CAP FUNDS

Bandhan Flexi Cap Fund

205.3

7179

1.9

1.2

10.8

19.8

22.7

11.0

0.70

HYBRID – BALANCED ADVANTAGE FUNDS

Bank of India Balanced Advantage Fund

24.6

134

2.3

1.2

3.6

12.6

12.9

7.2

0.53

EQUITY – LARGE & MID CAP FUNDS

BOI Large & Mid Cap Equity Fund

85.4

376

2.3

1.1

4.9

20.7

24.2

12.1

0.69

EQUITY – SECTOR – BANKING FUNDS

Baroda BNP Paribas Bank&Fin Serv

47.3

257

2.4

0.8

18.8

22.3

23.4

11.5

0.59

HYBRID – EQUITY SAVINGS FUNDS

DSP Equity Savings Fund

21.7

2704

1.3

0.4

11.4

11.1

13.3

–

1.21

EQUITY – FOCUSED FUNDS

DSP Focused Fund

54.2

2471

2.0

1.0

14.7

21.8

23.4

12.1

0.75

EQUITY – MID CAP FUNDS

DSP Midcap Fund

141.6

17658

1.7

0.8

10.3

21.2

23.6

14.9

0.65

HYBRID – CONSERVATIVE HYBRID FUNDS

DSP Regular Savings Fund

58.5

167

1.1

0.5

11.5

10.8

10.6

7.4

1.05

EQUITY – TAX SAVING (ELSS) FUNDS

Edelweiss Long Term Equity

107.7

395

2.3

0.7

10.3

19.6

23.4

11.6

0.71

EQUITY – LARGE CAP FUNDS

Franklin India Bluechip Fund

1015.2

7600

1.9

1.2

13.9

17.4

22.8

11.3

0.73

HYBRID – CONSERVATIVE HYBRID FUNDS

Franklin India Debt Hybrid Fund

90.3

201

1.4

0.7

10.1

10.8

10.2

7.7

0.94

EQUITY – MID CAP FUNDS

Franklin India Prima Fund

2690.4

11762

1.8

1.1

14.6

27.5

29.8

15.2

0.81

EQUITY – SMALL CAP FUNDS

Franklin India Smaller Companies Fund

169.2

12530

1.8

1.0

4.6

27.7

37.0

16.1

0.87

EQUITY – SMALL CAP FUNDS

HDFC Small Cap Fund

132.4

30880

1.6

0.8

6.9

26.4

36.8

17.9

0.91

EQUITY – VALUE FUNDS

HDFC Value Fund

723.4

7116

1.9

1.0

12.5

22.8

27.7

13.9

0.88

HYBRID – AGGRESSIVE HYBRID FUNDS

HSBC Aggressive Hybrid Fund

53.4

5125

1.9

0.8

6.8

16.9

18.7

10.9

0.56

EQUITY – TAX SAVING (ELSS) FUNDS

HSBC ELSS Tax saver Fund

131.4

3917

1.9

1.1

12.0

23.6

25.2

13.6

0.68

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

HSBC Infrastructure Fund

46.4

2250

2.1

1.0

3.3

28.8

32.8

15.7

0.79

EQUITY – MID CAP FUNDS

HSBC Midcap Fund

370.6

10724

1.7

0.7

9.1

25.9

28.0

15.9

0.67

HYBRID – EQUITY SAVINGS FUNDS

ICICI Prudential Equity Savings Fund

22.3

13046

1.0

0.5

9.4

9.0

11.3

8.1

1.32

EQUITY – THEMATIC – CONSUMPTION FUNDS

ICICI Prudential FMCG Fund

481.7

2001

2.1

1.3

3.8

13.6

18.2

11.9

0.61

EQUITY – SECTOR – BANKING FUNDS

LIC MF Banking & Financial Services Fund

20.5

264

2.4

1.1

10.0

19.2

21.0

7.5

0.55

EQUITY – TAX SAVING (ELSS) FUNDS

LIC MF ELSS Tax Saver

151.8

1088

2.2

1.0

13.0

19.4

22.9

11.7

0.74

EQUITY – FLEXI CAP FUNDS

LIC MF Flexi Cap Fund

92.2

927

2.3

1.3

2.5

15.9

18.1

8.6

0.50

EQUITY – LARGE CAP FUNDS

LIC MF Large Cap Fund

55.8

1437

2.1

1.0

11.5

15.7

19.5

10.6

0.61

HYBRID – BALANCED ADVANTAGE FUNDS

Motilal Oswal Balanced Advantage Fund

18.7

904

2.3

1.0

-4.5

9.7

10.1

–

0.26

EQUITY – FOCUSED FUNDS

Motilal Oswal Focused Fund

42.2

1399

2.2

1.0

0.9

13.3

16.3

10.1

0.36

EQUITY – LARGE & MID CAP FUNDS

Navi Large & Midcap Fund

34.9

303

2.3

0.4

10.6

16.6

24.0

–

0.72

EQUITY – LARGE & MID CAP FUNDS

Nippon India Vision Fund

1440.9

5719

1.9

1.3

13.0

24.8

29.3

12.7

0.90

EQUITY – TAX SAVING (ELSS) FUNDS

Quantum ELSS Tax Saver Fund

123.9

216

2.0

0.9

11.8

20.8

25.6

12.7

0.96

EQUITY – VALUE FUNDS

Quantum Value Fund

124.8

1157

2.0

1.1

12.0

20.9

25.8

12.6

0.96

EQUITY – FLEXI CAP FUNDS

SBI Flexicap Fund

106.8

21661

1.7

0.9

7.0

15.5

22.4

12.9

0.75

EQUITY – SECTOR – IT FUNDS

SBI Technology Opportunities Fund

210.9

4225

1.9

0.9

20.2

17.0

28.3

16.8

0.76

EQUITY – TAX SAVING (ELSS) FUNDS

Sundaram ELSS Tax Saver Fund

498.8

1328

2.2

1.7

9.1

18.7

25.1

13.7

0.83

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Sundaram Infrastructure Advantage Fund

92.1

901

2.4

1.9

2.5

25.1

32.1

14.1

0.83

EQUITY – LARGE & MID CAP FUNDS

Sundaram Large and Mid Cap Fund

83.2

6550

1.8

0.8

8.5

19.5

25.1

14.1

0.73

EQUITY – MID CAP FUNDS

Sundaram Mid Cap Fund

1332.5

11690

1.8

0.9

13.4

28.0

31.1

15.0

0.85

EQUITY – TAX SAVING (ELSS) FUNDS

Tata ELSS Tax Saver Fund

43.5

4405

1.8

0.7

12.1

19.7

24.3

14.2

0.75

HYBRID – AGGRESSIVE HYBRID FUNDS

Tata Hybrid Equity Fund

431.7

4012

1.9

1.0

7.5

15.4

19.5

9.9

0.79

EQUITY – LARGE CAP FUNDS

Union Largecap Fund

23.3

442

2.5

1.5

5.4

16.4

21.6

–

0.69

EQUITY – DIVIDEND YIELD FUNDS

UTI Dividend Yield Fund

173.0

3928

2.0

1.4

13.2

21.7

26.1

13.8

0.88

EQUITY – FLEXI CAP FUNDS

UTI Flexi Cap Fund

320.7

25190

1.7

1.1

15.7

13.9

21.1

12.3

0.60

EQUITY – THEMATIC – CONSUMPTION FUNDS

UTI India Consumer Fund

56.6

684

2.4

1.5

8.0

17.3

20.1

11.0

0.58

EQUITY – TAX SAVING (ELSS) FUNDS

Aditya Birla Sun Life ELSS Tax Saver Fund

58.6

14818

1.7

1.0

10.3

16.9

17.2

10.7

0.52

EQUITY – LARGE & MID CAP FUNDS

Aditya Birla Sun Life Equity Advantage Fund

880.7

5491

1.9

1.2

8.0

16.5

22.2

11.7

0.56

HYBRID – EQUITY SAVINGS FUNDS

Aditya Birla Sun Life Equity Savings Fund

21.7

629

1.1

0.6

8.6

9.7

11.2

7.7

0.67

EQUITY – MID CAP FUNDS

Aditya Birla Sun Life Midcap Fund

760.5

5646

1.9

1.1

11.3

21.9

29.9

13.8

0.83

EQUITY – VALUE FUNDS

Aditya Birla Sun Life Pure Value Fund

122.1

5826

1.9

1.1

6.2

23.7

28.1

12.8

0.71

EQUITY – SMALL CAP FUNDS

Aditya Birla Sun Life Small Cap Fund

82.3

4531

1.9

1.0

4.7

20.6

30.5

13.2

0.71

EQUITY – TAX SAVING (ELSS) FUNDS

Axis ELSS Tax Saver Fund

95.3

34950

1.5

0.8

11.4

16.6

19.0

12.0

0.50

EQUITY – FOCUSED FUNDS

Axis Focused Fund

54.6

12665

1.7

0.8

11.5

13.1

17.5

12.2

0.45

HYBRID – CONSERVATIVE HYBRID FUNDS

Bandhan Conservative Hybrid Fund

32.2

116

2.0

1.1

10.0

8.6

8.0

6.9

0.61

EQUITY – FOCUSED FUNDS

Bandhan Focused Equity Fund

84.7

1764

2.1

0.8

16.6

21.3

22.6

12.0

0.67

EQUITY – LARGE CAP FUNDS

DSP Large Cap Fund

473.0

5611

1.9

1.0

16.8

22.4

23.2

11.8

0.84

EQUITY – LARGE & MID CAP FUNDS

Franklin India Equity Advantage Fund

186.4

3375

2.0

1.3

14.8

19.1

27.1

11.7

0.80

EQUITY – SECTOR – IT FUNDS

Franklin India Technology Fund

502.2

1759

2.1

1.0

7.9

21.0

26.7

16.4

0.69

EQUITY – LARGE CAP FUNDS

Groww Largecap Fund

42.0

124

2.4

1.0

5.9

17.3

19.9

11.4

0.61

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

HDFC Infrastructure Fund

46.9

2392

2.0

1.0

6.1

35.0

37.7

11.3

0.92

HYBRID – AGGRESSIVE HYBRID FUNDS

LIC MF Aggressive Hybrid Fund

193.7

506

2.5

1.4

10.2

15.7

16.3

8.4

0.59

EQUITY – MID CAP FUNDS

LIC MF Midcap Fund

28.4

306

2.5

1.3

10.5

24.1

27.9

–

0.70

EQUITY – FLEXI CAP FUNDS

Motilal Oswal Flexi Cap Fund

60.1

12418

1.7

0.9

18.0

26.0

24.2

13.6

0.63

EQUITY – TAX SAVING (ELSS) FUNDS

Nippon India ELSS Tax Saver Fund

126.2

14782

1.7

1.0

9.1

21.6

27.2

10.4

0.81

HYBRID – AGGRESSIVE HYBRID FUNDS

Nippon India Equity Hybrid Fund

103.2

3811

2.0

1.1

10.5

18.7

22.7

10.2

0.93

HYBRID – EQUITY SAVINGS FUNDS

Nippon India Equity Savings Fund

15.9

702

1.8

0.7

6.5

9.5

10.9

–

0.83

HYBRID – CONSERVATIVE HYBRID FUNDS

Nippon India Hybrid Bond Fund

57.2

840

1.9

1.1

9.1

9.2

9.3

5.6

1.19

EQUITY – LARGE CAP FUNDS

PGIM India Large Cap Fund

337.8

593

2.4

0.9

9.6

16.2

19.7

10.5

0.63

EQUITY – THEMATIC – CONSUMPTION FUNDS

Sundaram Consumption Fund

97.1

1532

2.2

1.3

15.8

22.5

23.4

14.5

0.73

EQUITY – DIVIDEND YIELD FUNDS

Sundaram Dividend Yield Fund

134.6

881

2.3

1.1

5.6

19.5

24.3

14.4

0.84

EQUITY – SMALL CAP FUNDS

Sundaram Small Cap Fund

249.3

3058

2.0

0.9

8.7

24.3

35.0

13.9

0.83

EQUITY – FLEXI CAP FUNDS

Taurus Flexi Cap Fund

222.2

347

2.6

4.8

17.1

21.2

9.3

0.62

EQUITY – SECTOR – BANKING FUNDS

UTI Banking and Financial Services Fund

186.5

1264

2.2

1.1

18.7

21.9

25.6

11.1

0.66

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

UTI Infrastructure Fund

140.2

2139

2.2

1.8

4.2

26.0

28.7

12.4

0.80

HYBRID – BALANCED ADVANTAGE FUNDS

UTI-Unit Linked Insurance Plan

42.0

5449

1.6

1.0

13.7

10.7

12.8

8.2

0.79

EQUITY – THEMATIC – MNC FUNDS

Aditya Birla Sun Life MNC Fund

–

1297.2

3417

2.0

1.4

3.0

14.2

14.3

8.5

0.40

HYBRID – AGGRESSIVE HYBRID FUNDS

Axis Aggressive Hybrid Fund

–

20.3

1549

2.2

1.1

13.3

16.8

–

0.61

HYBRID – BALANCED ADVANTAGE FUNDS

Axis Balanced Advantage Fund

–

20.9

2935

2.0

0.8

14.1

16.0

15.0

–

0.84

EQUITY – FLEXI CAP FUNDS

Axis Flexi Cap Fund

–

26.1

12353

1.7

0.7

12.5

17.1

19.8

–

0.55

EQUITY – LARGE & MID CAP FUNDS

Axis Growth Opportunities Fund

–

31.7

13755

1.7

0.6

10.3

20.5

25.8

–

0.71

HYBRID – EQUITY SAVINGS FUNDS

Bandhan Equity Savings Fund

–

30.9

287

1.1

0.2

7.6

8.3

9.8

6.6

1.09

HYBRID – CONSERVATIVE HYBRID FUNDS

Bank of India Conservative Hybrid Fund

–

33.9

2.1

1.1

4.9

8.5

12.6

7.6

1.09

EQUITY – SMALL CAP FUNDS

Bank of India Small Cap Fund

–

44.7

1639

2.0

0.5

7.9

24.5

35.9

–

0.82

HYBRID – BALANCED ADVANTAGE FUNDS

Baroda BNP Paribas Balanced Advantage Fund

–

23.9

4155

1.9

0.8

9.7

16.4

18.2

–

0.80

EQUITY – FOCUSED FUNDS

Baroda BNP Paribas Focused Fund

–

21.6

670

2.3

0.5

4.2

17.8

21.2

–

0.58

EQUITY – THEMATIC – CONSUMPTION FUNDS

Baroda BNP Paribas India Consumption Fund

–

31.1

1431

2.1

0.7

10.4

20.5

22.7

–

0.68

EQUITY – MULTI CAP FUNDS

Baroda BNP Paribas Multi Cap Fund

–

277.4

2705

2.0

1.0

7.0

22.1

28.0

13.6

0.77

EQUITY – SMALL CAP FUNDS

Canara Robeco Small Cap Fund

–

37.5

11475

1.7

0.5

6.9

19.5

35.3

–

0.91

EQUITY – SECTOR – PHARMA FUNDS

DSP Healthcare Fund

–

37.0

2912

1.9

0.6

12.7

22.7

23.5

–

0.78

HYBRID – AGGRESSIVE HYBRID FUNDS

Edelweiss Aggressive Hybrid Fund

–

62.5

2612

1.9

0.4

12.9

20.1

22.9

12.5

0.99

EQUITY – SMALL CAP FUNDS

Edelweiss Small Cap Fund

–

41.9

4237

1.8

0.4

7.9

24.3

35.3

–

0.92

HYBRID – EQUITY SAVINGS FUNDS

Franklin India Equity Savings Fund

–

16.2

672

1.1

0.4

7.9

9.5

11.9

–

0.83

HYBRID – AGGRESSIVE HYBRID FUNDS

Groww Aggressive Hybrid Fund

–

20.5

2.3

0.9

5.7

14.8

17.8

–

0.68

EQUITY – TAX SAVING (ELSS) FUNDS

Groww ELSS Tax Saver Fund

–

19.3

2.3

0.6

4.4

16.8

19.9

–

0.57

EQUITY – VALUE FUNDS

Groww Value Fund

–

26.5

2.3

0.9

9.6

19.2

23.2

–

0.76

HYBRID – BALANCED ADVANTAGE FUNDS

HDFC Balanced Advantage Fund

–

514.2

97461

1.4

0.8

9.4

22.9

27.0

14.6

1.13

EQUITY – LARGE & MID CAP FUNDS

HSBC Large & Mid Cap Fund

–

25.7

3906

1.9

0.9

7.2

22.6

25.9

–

0.61

EQUITY – TAX SAVING (ELSS) FUNDS

HSBC Tax Saver Equity Fund

–

92.2

235

2.5

1.6

16.5

22.8

26.1

13.4

0.72

EQUITY – MULTI CAP FUNDS

ICICI Prudential Multicap Fund

–

782.0

14505

1.7

0.9

11.1

24.8

28.6

14.6

0.91

EQUITY – SECTOR – PHARMA FUNDS

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

–

37.9

5295

1.9

1.1

23.3

27.9

26.0

–

0.88

EQUITY – SMALL CAP FUNDS

ICICI Prudential Smallcap Fund

–

83.8

7605

1.8

0.8

4.0

21.2

35.8

14.7

1.01

HYBRID – AGGRESSIVE HYBRID FUNDS

Invesco India Aggressive Hybrid Fund

–

22.4

653

2.3

0.8

13.8

19.7

19.3

–

0.71

EQUITY – CONTRA FUNDS

Invesco India Contra Fund

–

132.8

18046

1.7

0.6

15.1

24.3

27.2

16.0

0.84

HYBRID – EQUITY SAVINGS FUNDS

Invesco India Equity Savings Fund

–

16.9

404

2.3

0.7

10.1

12.2

10.9

–

0.61

EQUITY – MULTI CAP FUNDS

Invesco India Multicap Fund

–

128.9

3782

1.9

0.7

12.8

23.3

26.6

14.1

0.72

EQUITY – SMALL CAP FUNDS

Invesco India Smallcap Fund

–

39.8

6200

1.8

0.4

14.9

28.4

35.2

–

0.85

HYBRID – BALANCED ADVANTAGE FUNDS

Kotak Balanced Advantage Fund

–

20.4

16988

1.7

0.6

11.9

13.9

15.8

–

0.93

EQUITY – CONTRA FUNDS

Kotak India EQ Contra Fund

–

145.6

4072

1.9

0.6

8.0

24.4

28.2

15.3

0.89

HYBRID – CONSERVATIVE HYBRID FUNDS

LIC MF Conservative Hybrid Fund

–

81.8

2.3

1.2

9.2

7.8

7.4

6.5

0.55

EQUITY – DIVIDEND YIELD FUNDS

LIC MF Dividend Yield Fund

–

30.2

509

2.4

0.7

12.5

24.6

26.5

–

0.79

HYBRID – EQUITY SAVINGS FUNDS

LIC MF Equity Savings Fund

–

27.4

2.3

1.3

10.6

10.7

11.4

7.0

0.63

EQUITY – FOCUSED FUNDS

LIC MF Focused Fund

–

21.4

132

2.5

1.6

12.7

16.0

21.0

–

0.62

EQUITY – SECTOR – PHARMA FUNDS

LIC MF Healthcare Fund

–

28.0

2.5

1.2

16.3

18.9

17.5

–

0.56

EQUITY – VALUE FUNDS

LIC MF Value Fund

–

23.3

153

2.4

1.0

6.9

17.8

23.1

–

0.59

EQUITY – THEMATIC – CONSUMPTION FUNDS

Mahindra Manulife Consumption Fund

–

22.3

479

2.4

0.7

6.6

20.0

22.1

–

0.67

EQUITY – LARGE CAP FUNDS

Mahindra Manulife Large Cap Fund

–

23.1

651

2.3

0.7

10.7

17.5

22.4

–

0.76

EQUITY – MID CAP FUNDS

Mahindra Manulife Mid Cap Fund

–

32.4

3553

1.9

0.5

8.3

27.2

31.6

–

0.84

EQUITY – MULTI CAP FUNDS

Mahindra Manulife Multi Cap Fund

–

34.3

5094

1.8

0.4

9.5

22.3

29.4

–

0.79

HYBRID – EQUITY SAVINGS FUNDS

Mirae Asset Equity Savings Fund

–

20.0

1402

1.4

0.4

11.0

12.4

14.7

–

1.04

EQUITY – SECTOR – PHARMA FUNDS

Mirae Asset Healthcare Fund

–

36.9

2683

1.9

0.5

18.2

21.7

22.8

–

0.73

HYBRID – AGGRESSIVE HYBRID FUNDS

Navi Aggressive Hybrid Fund

–

20.0

115

2.3

0.4

9.4

14.9

17.2

–

0.70

EQUITY – TAX SAVING (ELSS) FUNDS

Navi ELSS Tax Saver Fund

–

28.7

2.3

0.4

7.6

16.3

20.7

–

0.64

EQUITY – FLEXI CAP FUNDS

Navi Flexi Cap Fund

–

22.1

244

2.3

0.4

6.5

16.0

21.1

–

0.65

HYBRID – BALANCED ADVANTAGE FUNDS

Nippon India Balanced Advantage Fund

–

175.0

9049

1.7

0.6

9.9

14.5

16.5

10.1

0.98

EQUITY – THEMATIC – CONSUMPTION FUNDS

Nippon India Consumption Fund

–

197.8

2381

2.0

0.6

9.0

22.7

28.0

15.1

0.90

EQUITY – MULTI CAP FUNDS

Nippon India Multi Cap Fund

–

289.1

40261

1.5

0.8

8.7

27.9

34.8

14.7

0.95

EQUITY – SECTOR – PHARMA FUNDS

Nippon India Pharma Fund

–

497.4

8260

1.8

0.9

15.0

23.0

22.8

14.2

0.74

HYBRID – EQUITY SAVINGS FUNDS

PGIM India Equity Savings Fund

–

48.9

1.3

0.5

7.6

7.5

10.0

7.1

1.21

HYBRID – AGGRESSIVE HYBRID FUNDS

PGIM India Hybrid Equity Fund

–

129.5

211

2.3

0.8

12.8

15.6

17.4

8.6

0.61

EQUITY – MULTI CAP FUNDS

Quant Active Fund

–

623.3

9549

1.7

0.6

-6.0

17.8

31.2

17.9

0.79

EQUITY – FLEXI CAP FUNDS

Quant Flexi Cap Fund

–

97.7

7016

1.8

0.6

-0.5

23.0

35.0

19.0

0.92

EQUITY – CONTRA FUNDS

SBI Contra Fund

–

379.2

44069

1.5

0.6

7.9

25.4

36.3

16.0

1.31

EQUITY – SECTOR – PHARMA FUNDS

SBI Healthcare Opportunities Fund

–

418.0

3671

1.9

0.9

20.2

27.3

24.9

11.9

0.86

EQUITY – THEMATIC – MNC FUNDS

SBI Magnum Global Fund

–

364.6

6117

1.9

1.2

6.8

13.9

18.0

10.6

0.56

HYBRID – AGGRESSIVE HYBRID FUNDS

Shriram Aggressive Hybrid Fund

–

31.0

2.4

1.0

1.4

13.4

15.7

9.1

0.56

EQUITY – TAX SAVING (ELSS) FUNDS

Shriram ELSS Tax Saver Fund

–

20.6

2.3

0.8

-3.8

14.1

17.2

–

0.45

EQUITY – FLEXI CAP FUNDS

Shriram Flexi Cap Fund

–

19.7

134

2.4

0.9

-6.3

14.0

17.8

–

0.47

HYBRID – CONSERVATIVE HYBRID FUNDS

Sundaram Conservative Hybrid Fund

–

29.8

2.2

1.2

9.0

9.9

7.2

0.99

EQUITY – TAX SAVING (ELSS) FUNDS

Sundaram Diversified Equity

–

216.1

1465

2.2

1.7

9.2

17.1

23.4

11.6

0.79

EQUITY – MULTI CAP FUNDS

Sundaram Multi Cap Fund

–

370.1

2662

2.0

1.0

9.6

20.4

27.1

14.8

0.80

HYBRID – BALANCED ADVANTAGE FUNDS

Tata Balanced Advantage Fund

–

20.2

10154

1.7

0.4

6.3

12.7

15.3

–

0.97

EQUITY – FLEXI CAP FUNDS

Tata Flexi Cap Fund

–

24.0

3125

1.9

0.7

14.0

18.8

21.3

–

0.70

EQUITY – SECTOR – PHARMA FUNDS

Tata India Pharma & Healthcare Fund

–

29.6

1223

2.2

0.7

16.6

23.6

22.5

–

0.73

EQUITY – SMALL CAP FUNDS

Tata Small Cap Fund

–

38.2

9418

1.7

0.4

5.3

24.0

36.1

–

0.92

EQUITY – SECTOR – BANKING FUNDS

Taurus Banking & Financial Services Fund

–

53.6

2.4

1.6

14.0

20.1

23.0

12.0

0.61

EQUITY – TAX SAVING (ELSS) FUNDS

Taurus ELSS Tax Saver Fund

–

182.6

2.4

1.8

10.9

20.6

23.0

13.0

0.78

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Taurus Infrastructure Fund

–

65.9

2.5

2.0

2.1

23.0

26.3

13.8

0.68

EQUITY – LARGE CAP FUNDS

Taurus Large Cap Fund

–

155.1

2.6

2.4

7.2

18.0

21.0

9.6

0.60

HYBRID – BALANCED ADVANTAGE FUNDS

Union Balanced Advantage Fund

–

19.9

1378

2.2

1.0

7.4

11.6

14.6

–

0.87

HYBRID – EQUITY SAVINGS FUNDS

Union Equity Savings Fund

–

16.6

137

2.0

1.5

6.5

9.3

10.1

–

0.76

EQUITY – VALUE FUNDS

Union Value Fund

–

27.4

302

2.4

1.2

9.4

21.8

26.4

–

0.83

HYBRID – EQUITY SAVINGS FUNDS

UTI Equity Savings Fund

–

18.2

674

1.6

0.4

8.6

12.4

13.6

–

1.12

EQUITY – SECTOR – PHARMA FUNDS

UTI Healthcare Fund

–

272.2

1037

2.3

1.2

20.9

23.6

22.5

11.2

0.71

EQUITY – THEMATIC – MNC FUNDS

UTI MNC Fund

–

377.0

2686

2.1

1.2

2.2

15.8

16.7

9.8

0.53

Source link

Balancing risk and returns in a shifting landscape

by Hansraj Agrawal | May 10, 2025 | Share Market

Conservative hybrid funds represent the only segment within the hybrid category experiencing steady net outflows, totalling ₹682 crore during the past two years. This declining investor interest primarily stems from the change in taxation of debt-oriented funds in the 2023 Budget, which eliminated capital gains tax benefits and indexation advantages for funds with equity allocation below 35 per cent, a criterion encompassing this category. Consequently, any profits from these funds are now taxed according to the investor’s applicable income tax slab.

Despite this, several schemes from this category remain attractive options for risk-averse investors. They have consistently delivered strong long-term returns. Even with the modified tax regulations, returns exceed inflation rates while maintaining comparatively low risk levels. Kotak Debt Hybrid Fund is one such example, demonstrating good performance over the long term.

As required by regulations, conservative hybrid funds invest predominantly in debt instruments, with a smaller allocation to equities. Typically, they allocate 75–90 per cent to debt and 10–25 per cent to equities, offering reduced risk and consistent returns.

Large-cap orientation

The equity component of the Kotak Debt Hybrid Fund operates with a multi-cap strategy, generally maintaining 20–24 per cent in equities, with a preference for large-cap stocks constituting 70–80 per cent of the equity portfolio. It encompasses approximately 40 to 50 stocks, ensuring diversification, and follows a growth at a reasonable price approach with significant emphasis on corporate governance.

The overall equity portfolio construction demonstrates a distinctly domestic orientation, prioritising companies deriving the majority of their revenues from within India. The fund currently favours large-cap banking, technology, rural-driven discretionary consumption and selective areas in telecom and power. Conversely, the fund avoids sectors with substantial global exposure, particularly commodities.

Although mid- and small-cap stocks comprise a smaller portion of the portfolio, their inclusion is based on healthy earnings outlooks, consistent past performance, and strength within their respective sectors. Throughout the past five years, the fund has maintained a balanced allocation between mid- and small-cap segments, with their combined exposure ranging from 5 to 11 per cent of the total portfolio.

Active duration play

Kotak Debt Hybrid Fund distinguishes itself among peers through aggressive duration calls. Its approach to debt investment combines long-term strategic positioning with tactical adjustments, emphasising liquidity and yield curve positioning while minimising exposure to credit risk and accrual strategy.

Currently, the fund maintains a relatively high Macaulay Duration of approximately eight years, and the average maturity of 12 years. This extended duration reflects the fund’s macroeconomic perspective that the RBI may continue reducing interest rates. According to the fund manager, the reinvestment risk is the main concern at this point, which makes shorter-duration investments less attractive amid easing liquidity conditions.

The fund has consistently held about half its portfolio in G-Secs over the past five years, offering greater liquidity and flexibility for swift repositioning than corporate bonds. G-Secs enable swift tactical adjustments with minimal impact costs, whereas corporate bonds necessitate longer-term positioning due to higher bid-ask spreads and impact costs. In a bet on falling rates, the fund currently favours 30-year G-Secs, offering about 40 bps spread over 10-year bonds, with 20–30 per cent of the portfolio allocated there in the past couple of months.

Corporate bond exposure has ranged from 5–31 per cent over five years, with minimal short-duration and non-AAA holdings. About 5 per cent is in AA-rated securities, including UP Power Corp, Bharti Telecom, and Telangana State Industrial Infrastructure Corp.

The fund anticipates yield curve flattening and potential spread compression in corporate bonds as liquidity increases. Looking ahead, the fund manager indicates they will progressively reduce G-Sec exposure and increase corporate bond allocation, particularly in the 5-7 year segment where spreads appear attractive. The fund features a debt portfolio yield to maturity (YTM) of 7.1 per cent as of March 31, 2025, slightly below the category average of 7.2 per cent.

Performance

Kotak Debt Hybrid Fund has exhibited above average returns in most equity and interest rate cycles. Its aggressive duration strategies, however, result in heightened return volatility.

For instance, the fund delivered a 25 per cent return in the year after Covid pandemic, outperforming the 19 per cent category average driven by select sector bets in auto, retail, and private banks and a timely duration call. However, it lagged during the September 2024 correction, returning 1 per cent versus the category’s 3 per cent, as peers with lower equity exposure such as Nippon India Hybrid Bond and Parag Parikh Conservative Hybrid fared better.

Analysis of 5-year rolling returns over the last 10 years reveals that the fund generated an annualised return of 9.7 per cent, surpassing the category average of 7.3 per cent. Its 5-year returns have varied considerably, from a minimum of 6.5 per cent to a maximum of 13.7 per cent.

The fund’s expense ratio for the regular plan is 1.7 per cent, marginally below the category average of 1.9 per cent, while the direct plan’s expense ratio stands at 0.45 per cent, significantly below the category average of 0.93 per cent.

This fund aims to achieve returns exceeding typical debt investments over the given investment horizon. It may be appropriate for investors with low to moderate risk profiles who fall into lower tax brackets and desire modest exposure to equities.

Published on May 10, 2025

Source link

ICICI Prudential Quality Fund: Should You Invest In The NFO?

by Hansraj Agrawal | May 10, 2025 | Share Market

In the sharp market rally from the post-Covid era, there was pretty much a broad-based rally across segments. Specifically, factor investing tracking momentum, value and alpha styles delivered extraordinary returns. The style that remained a relative underperformer was quality. From FY21 through till FY25, quality was left behind other styles of investing.

With the market correction from September 2024 to March 2025 and the years of underperformance there is now renewed interest in the quality theme.

The reciprocal trade tariff advocated by the US, continuing geopolitical challenges, and slowing domestic corporate earnings momentum, are fuelling the push to quality. Reasonable valuations in quality companies and heavy macro challenges amid slowing global growth are additional reasons.

In fact, the US has witnessed a decline in GDP growth in the first quarter of this calendar year. There are fears of stagflation hitting that country.

Amidst this backdrop, ICICI Prudential has come out with a new quality fund that will be actively managed.

Read on, for more on the new fund offering, and find out whether you should be investing in the scheme.

Betting on quality

Two key factors point to how business cycle and corporate profitability are on a gradual downtrend. Industry capacity utilisation – reported by the RBI – after touching 75 per cent levels in early 2014, has been reducing and moving to 70 per cent levels. Corporate profitability as a percentage of GDP has remained close to 5 per cent in FY25, the same as in FY22. In periods of economic uncertainty, quality could outperform.

ICICI Prudential Quality fund would start with a set of 625 stocks that are part of the overall coverage universe. Quality filters such as return on equity (RoE), return on capital employed (RoCE), financial leverage, net cash balance and capital allocation would be used to select about 250 stocks from the above set.

Additionally, ICICI Prudential would use valuation metrics on this quality pack to further narrow the selection to 40-60 stocks. The idea is to buy quality at the right price.

The fund seeks to break the stereotype of quality being available only in segments such as IT and FMCG. It would look for opportunities in sectors such as pharma, cement, banks, retail and NBFCs.

This new scheme will invest across sectors. It would also have the flexibility to invest across market capitalisations – large, mid and small.

ICICI Prudential would adopt both top-down and bottom-up approaches while selecting the stocks in its portfolio as the situation demands.

Should you invest?

In the 11 financial years from FY10 to FY20, quality (Nifty 200 Quality 30 TRI) was the leader as it outperformed in four of those years. Momentum (Nifty 200 Momentum 30 TRI) and value (Nifty 200 Value 30 TRI) topped the charts for three financial years each. But as mentioned earlier, over the past five financial years, quality companies and indices have underperformed.

Over a 15-year timeframe from April 2010 to March 2025, on a five-year rolling basis, the Nifty 200 Quality 30 TRI has not given negative returns. It has managed to deliver 17.4 per cent on an average, which is higher than the value and alpha style indices as well as the Nifty 200 TRI itself. The quality index has given 10-20 per cent returns 71 per cent of the time on a five-year rolling basis over the aforementioned period.

In raging bull markets, quality as a style can underperform.

Over the long term, quality can be rewarding. Indeed, when the 20-year CAGR of the Nifty 200 Quality 30 TRI has given 17.9 per cent, good 3.6 percentage points higher than the Nifty 200 TRI.

When risk-adjusted, returns for the quality style is higher than all other style and the broader market index.

ICICI Prudential has many funds from the equity stable that have done exceptionally well over the past 15-20 years.

Also, given that very few active funds are available in the quality theme, investors with a long-term perspective can invest in the scheme via small lumpsums or SIPs. The new fund must be used as a diversifier to the overall equity portfolio with exposure restricted to small proportions. Investing in the fund would require a medium risk appetite.

138 funds, 19 gilt and bond ETFs, 16 liquid ETFs & 103 index funds tracking benchmark indices by holding fixed income securities in matching proportions

Published on May 10, 2025

Source link

Mutual Funds returns

by Hansraj Agrawal | May 10, 2025 | Share Market

EQUITY – FOCUSED FUNDS

360 ONE Focused Equity Fund

44.3

6961

1.8

0.6

5.1

18.1

24.9

15.3

0.79

EQUITY – TAX SAVING (ELSS) FUNDS

Bank of India ELSS Tax Saver

147.8

1320

2.0

0.8

-3.3

18.1

24.7

15.0

0.67

HYBRID – AGGRESSIVE HYBRID FUNDS

BOI AXA Mid & Small Cap Eq&Debt

34.8

1068

2.1

0.8

3.6

17.4

26.1

–

0.72

EQUITY – LARGE CAP FUNDS

Canara Robeco Bluechip Equity Fund

60.1

15621

1.7

0.5

12.0

16.7

21.2

13.4

0.76

EQUITY – THEMATIC – CONSUMPTION FUNDS

Canara Robeco Consumer Trends Fund

103.7

1780

2.1

0.9

7.4

19.6

23.8

15.6

0.75

HYBRID – BALANCED ADVANTAGE FUNDS

Edelweiss Balanced Advantage Fund

48.5

12455

1.7

0.5

5.5

12.3

15.8

10.1

0.84

HYBRID – EQUITY SAVINGS FUNDS

Edelweiss Equity Savings Fund

24.4

598

1.6

0.6

9.7

10.8

11.5

8.8

1.02

EQUITY – LARGE & MID CAP FUNDS

HDFC Large and Mid Cap Fund

313.8

24326

1.7

1.0

7.0

21.1

29.5

13.7

0.93

HYBRID – BALANCED ADVANTAGE FUNDS

ICICI Prudential Balanced Advantage Fund

71.2

62528

1.4

0.8

10.4

13.5

17.2

11.0

1.28

EQUITY – LARGE CAP FUNDS

ICICI Prudential Bluechip Fund

104.9

68034

1.4

0.9

10.2

19.3

25.1

14.0

0.94

EQUITY – FOCUSED FUNDS

ICICI Prudential Focused Equity Fund

85.6

11019

1.7

0.6

14.3

23.1

27.9

14.2

0.98

EQUITY – SECTOR – IT FUNDS

ICICI Prudential Technology Fund

187.3

12983

1.8

1.0

12.2

10.0

30.6

17.2

0.80

EQUITY – VALUE FUNDS

ICICI Prudential Value Discovery Fund

445.4

51112

1.5

1.0

13.2

21.6

30.4

14.9

1.25

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Invesco India Infrastructure Fund

57.8

1446

2.1

0.8

2.3

25.8

31.5

15.4

0.78

EQUITY – FLEXI CAP FUNDS

JM Flexicap Fund

92.0

5625

1.8

0.6

2.3

24.8

28.1

15.9

0.83

EQUITY – LARGE CAP FUNDS

JM Large Cap Fund

142.7

507

2.4

0.7

-1.0

16.0

18.5

10.2

0.62

EQUITY – VALUE FUNDS

JM Value Fund

90.6

1036

2.2

0.9

0.3

24.7

29.5

15.9

0.84

HYBRID – CONSERVATIVE HYBRID FUNDS

Kotak Debt Hybrid Fund

57.5

3075

1.7

0.5

9.3

11.1

12.4

9.6

1.19

EQUITY – MID CAP FUNDS

Motilal Oswal Midcap Fund

95.2

27780

1.6

0.6

18.1

29.5

37.6

17.8

0.93

EQUITY – SMALL CAP FUNDS

Nippon India Small Cap Fund

151.8

58029

1.4

0.7

2.3

23.5

38.3

20.7

0.95

EQUITY – FLEXI CAP FUNDS

Parag Parikh Flexi Cap Fund

79.8

98541

1.3

0.6

12.9

20.2

27.7

17.1

1.08

EQUITY – MID CAP FUNDS

PGIM India Midcap Opportunities Fund

59.0

10602

1.7

0.5

8.5

14.5

30.0

14.7

0.88

HYBRID – AGGRESSIVE HYBRID FUNDS

Quant Absolute Fund

395.5

2054

2.0

0.7

-1.4

13.0

26.7

14.8

0.97

EQUITY – TAX SAVING (ELSS) FUNDS

Quant ELSS Tax Saver Fund

337.6

10873

1.7

0.5

-6.8

15.8

33.3

19.4

0.89

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Quant Infrastructure Fund

34.4

3173

1.9

0.7

-11.3

19.0

40.2

17.4

0.94

EQUITY – LARGE & MID CAP FUNDS

Quant Large & Mid Cap Fund

109.8

3645

1.9

0.6

-4.6

18.9

25.5

16.2

0.74

EQUITY – MID CAP FUNDS

Quant Mid Cap Fund

206.5

8776

1.8

0.6

-6.3

20.2

32.5

16.3

0.91

EQUITY – SMALL CAP FUNDS

Quant Small Cap Fund

233.1

26222

1.6

0.7

-2.5

23.5

46.9

18.7

1.05

HYBRID – CONSERVATIVE HYBRID FUNDS

SBI Conservative Hybrid Fund

70.6

9612

1.5

1.1

8.5

10.4

12.4

9.0

1.31

EQUITY – TAX SAVING (ELSS) FUNDS

SBI Long Term Equity Fund

410.6

28506

1.6

1.0

8.4

25.3

29.1

14.2

1.02

HYBRID – EQUITY SAVINGS FUNDS

Sundaram Equity Savings Fund

68.4

1004

2.2

0.8

9.3

11.8

14.6

9.4

1.04

EQUITY – SECTOR – BANKING FUNDS

Sundaram Financial Services Opportunities Fund

99.0

1524

2.2

0.9

10.5

22.4

25.3

13.5

0.72

EQUITY – DIVIDEND YIELD FUNDS

Templeton India Equity Income Fund

133.6

2338

2.1

0.9

5.7

17.6

29.9

14.7

1.22

HYBRID – BALANCED ADVANTAGE FUNDS

Aditya Birla SL Bal Advantage

102.0

7533

1.8

0.8

11.1

13.2

16.2

10.9

0.94

EQUITY – SMALL CAP FUNDS

AXIS Small Cap Fund

96.0

23318

1.6

0.6

9.1

18.5

30.1

17.7

0.89

EQUITY – LARGE & MID CAP FUNDS

Bandhan Core Equity Fund

122.9

8408

1.8

0.6

9.7

24.2

29.1

14.7

0.93

EQUITY – TAX SAVING (ELSS) FUNDS

Bandhan ELSS Tax Saver Fund

142.9

6806

1.8

0.7

4.2

15.9

28.0

13.9

0.92

EQUITY – VALUE FUNDS

Bandhan Sterling Value Fund

139.9

9774

1.8

0.7

5.0

18.6

34.0

14.8

1.05

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

BOI AXA Manufacturing & Infra

50.2

514

2.3

0.8

1.3

22.9

30.9

15.6

0.82

HYBRID – AGGRESSIVE HYBRID FUNDS

Baroda BNP Paribas Aggressive Hybrid Fund

26.5

1180

2.1

0.5

6.9

15.4

18.5

–

0.73

EQUITY – LARGE CAP FUNDS

Baroda BNP Paribas Large Cap Fund

209.5

2543

2.0

0.8

5.9

17.5

21.3

12.3

0.74

EQUITY – TAX SAVING (ELSS) FUNDS

Canara Robeco ELSS Tax Saver

164.5

8516

1.7

0.6

8.7

16.1

22.9

13.9

0.77

EQUITY – TAX SAVING (ELSS) FUNDS

DSP ELSS Tax Saver Fund

133.1

16218

1.7

0.8

14.7

20.7

27.1

15.8

0.92

EQUITY – LARGE CAP FUNDS

Edelweiss Large Cap Fund

80.0

1229

2.2

0.6

7.7

16.8

21.9

12.2

0.78

EQUITY – MID CAP FUNDS

Edelweiss Mid Cap Fund

91.8

9242

1.7

0.4

17.3

25.3

32.9

17.5

0.92

EQUITY – FLEXI CAP FUNDS

Franklin India Flexi Cap Fund

1558.7

18225

1.8

1.0

10.1

20.5

28.5

13.8

0.92

EQUITY – FLEXI CAP FUNDS

HDFC Flexi Cap Fund

1882.9

69639

1.4

0.8

16.0

24.2

31.4

15.3

1.09

EQUITY – FOCUSED FUNDS

HDFC Focused 30 Fund

217.5

18560

1.7

0.8

15.5

24.6

31.1

14.4

1.16

HYBRID – CONSERVATIVE HYBRID FUNDS

HDFC Hybrid Debt Fund

81.2

3364

1.7

1.2

8.9

11.5

13.0

9.0

1.23

EQUITY – MID CAP FUNDS

HDFC Mid-Cap Opportunities Fund

176.0

74910

1.4

0.9

10.3

26.7

33.3

17.2

1.04

HYBRID – BALANCED ADVANTAGE FUNDS

HSBC Balanced Advantage Fund

41.8

1497

2.1

0.8

8.5

11.8

12.0

7.9

0.70

HYBRID – EQUITY SAVINGS FUNDS

HSBC Equity Savings Fund

31.6

649

1.5

0.6

8.0

11.9

15.1

8.4

0.74

EQUITY – DIVIDEND YIELD FUNDS

ICICI Prudential Dividend Yield Equity Fund

49.7

5231

1.9

0.6

9.8

23.8

33.3

15.5

1.22

HYBRID – AGGRESSIVE HYBRID FUNDS

ICICI Prudential Equity & Debt Fund

374.9

42340

1.6

1.0

11.0

19.2

27.2

15.4

1.18

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

ICICI Prudential Infrastructure Fund

178.6

7416

1.9

1.2

5.5

29.0

39.2

16.0

1.14

EQUITY – LARGE & MID CAP FUNDS

ICICI Prudential Large & Mid Cap Fund

946.8

20352

1.7

0.8

12.1

22.7

30.5

14.9

1.07

HYBRID – CONSERVATIVE HYBRID FUNDS

ICICI Prudential Regular Savings Fund

73.7

3166

1.7

1.0

9.7

10.3

11.0

9.4

1.31

EQUITY – SECTOR – BANKING FUNDS

Invesco India Financial Services Fund

126.3

1308

2.2

0.9

13.3

22.0

24.2

14.3

0.65

HYBRID – AGGRESSIVE HYBRID FUNDS

JM Aggressive Hybrid Fund

113.3

802

2.3

0.7

1.8

21.4

27.4

11.8

1.00

EQUITY – TAX SAVING (ELSS) FUNDS

JM ELSS Tax Saver Fund

44.4

189

2.4

1.0

5.4

19.9

26.7

14.7

0.79

EQUITY – LARGE CAP FUNDS

Kotak Bluechip Fund

542.6

9830

1.7

0.6

10.2

16.5

22.5

12.5

0.79

EQUITY – MID CAP FUNDS

Kotak Emerging Equity Fund

120.3

49646

1.4

0.4

11.3

20.6

30.6

17.1

0.88

HYBRID – AGGRESSIVE HYBRID FUNDS

Kotak Equity Hybrid Fund

57.7

7036

1.8

0.5

9.1

14.7

21.9

12.2

0.91

EQUITY – LARGE & MID CAP FUNDS

Kotak Equity Opportunities Fund

313.9

25712

1.6

0.6

5.6

19.2

25.1

14.8

0.83

HYBRID – EQUITY SAVINGS FUNDS

Kotak Equity Savings Fund

25.2

8190

1.8

0.7

6.8

11.0

12.6

9.0

1.06

EQUITY – SMALL CAP FUNDS

Kotak Small Cap Fund

235.3

15867

1.7

0.6

2.9

14.8

33.4

16.9

0.89

EQUITY – TAX SAVING (ELSS) FUNDS

Mirae Asset ELSS Tax Saver Fund

45.3

23945

1.6

0.7

8.7

16.2

25.1

–

0.83

EQUITY – THEMATIC – CONSUMPTION FUNDS

Mirae Asset Great Consumer Fund

87.1

3872

1.9

0.5

7.0

19.5

25.0

14.9

0.74

EQUITY – LARGE & MID CAP FUNDS

Mirae Asset Large & Midcap Fund

137.6

36507

1.6

0.7

5.0

15.5

24.5

17.1

0.78

EQUITY – TAX SAVING (ELSS) FUNDS

Motilal Oswal ELSS Tax Saver Fund

45.5

3897

1.9

0.7

6.5

24.4

26.5

16.2

0.62

EQUITY – MID CAP FUNDS

Nippon India Growth Fund

3764.8

34690

1.6

0.7

10.7

25.2

33.4

17.1

0.97

EQUITY – LARGE CAP FUNDS

Nippon India Large Cap Fund

84.7

39677

1.6

0.7

8.3

21.1

27.6

13.8

0.91

EQUITY – VALUE FUNDS

Nippon India Value Fund

210.4

8383

1.8

1.1

8.3

22.6

29.9

15.4

0.92

EQUITY – FLEXI CAP FUNDS

PGIM India Flexi Cap Fund

33.9

6143

1.8

0.4

9.0

12.8

23.6

13.3

0.76

EQUITY – FOCUSED FUNDS

Quant Focused Fund

79.5

1021

2.2

0.7

-4.7

14.7

23.8

13.8

0.72

EQUITY – SECTOR – BANKING FUNDS

SBI Banking & Financial Services Fund

39.3

7650

1.8

0.8

16.7

20.4

23.9

15.5

0.66

EQUITY – THEMATIC – CONSUMPTION FUNDS

SBI Consumption Opportunities Fund

299.5

3028

2.0

0.9

7.4

17.6

28.6

15.5

0.88

EQUITY – SECTOR – IT FUNDS

Tata Digital India Fund

44.4

11037

1.7

0.5

8.3

10.4

27.8

–

0.70

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Tata Infrastructure Fund

155.5

2056

2.1

1.2

-8.9

20.7

30.5

14.1

0.78

EQUITY – FLEXI CAP FUNDS

Union Flexi Cap Fund

47.7

2227

2.1

1.0

6.0

15.8

23.0

11.7

0.75

EQUITY – SECTOR – BANKING FUNDS

Aditya Birla SL Bank & Fin Serv

57.2

3439

2.0

1.1

12.3

18.5

24.6

13.6

0.66

EQUITY – SECTOR – IT FUNDS

Aditya Birla Sun Life Digital India Fund

158.2

4540

1.9

0.9

6.9

9.5

26.8

17.0

0.69

EQUITY – DIVIDEND YIELD FUNDS

Aditya Birla Sun Life Dividend Yield Fund

411.9

1416

2.2

1.4

2.7

20.2

26.0

11.7

0.84

EQUITY – FLEXI CAP FUNDS

Aditya Birla Sun Life Flexi Cap Fund

1683.8

22414

1.7

0.9

11.9

17.3

23.5

13.7

0.76

EQUITY – FOCUSED FUNDS

Aditya Birla Sun Life Focused Fund

134.3

7595

1.8

0.9

12.0

16.7

22.1

12.4

0.77

EQUITY – LARGE CAP FUNDS

Aditya Birla Sun Life Frontline Equity Fund

500.3

29220

1.7

1.0

11.0

16.7

23.0

12.2

0.81

EQUITY – THEMATIC – CONSUMPTION FUNDS

Aditya Birla Sun Life India GenNext Fund

204.6

5967

1.9

0.8

9.4

17.8

23.2

14.9

0.73

HYBRID – CONSERVATIVE HYBRID FUNDS

Aditya Birla Sun Life Regular Savings Fund

65.2

1373

1.9

1.0

10.2

9.2

12.5

8.6

1.24

HYBRID – CONSERVATIVE HYBRID FUNDS

Axis Conservative Hybrid Fund

29.6

275

2.2

0.9

9.3

7.8

9.1

7.0

0.77

HYBRID – EQUITY SAVINGS FUNDS

Axis Equity Savings Fund

21.6

942

2.3

1.0

8.2

10.3

12.0

–

0.78

EQUITY – MID CAP FUNDS

Axis Midcap Fund

102.8

28809

1.6

0.6

9.4

18.4

24.1

15.4

0.70

HYBRID – BALANCED ADVANTAGE FUNDS

Bandhan Balanced Advantage Fund

23.3

2254

2.0

0.7

7.7

11.2

12.7

8.2

0.63

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Bandhan Infrastructure Fund

46.0

1577

2.1

0.9

2.4

26.9

35.8

15.0

0.84

EQUITY – LARGE CAP FUNDS

Bandhan Large Cap Fund

72.0

1828

2.1

0.9

9.9

16.9

21.2

11.6

0.71

HYBRID – CONSERVATIVE HYBRID FUNDS

Baroda BNP Paribas Conser Hybrid

43.8

748

2.0

0.6

7.4

9.0

8.4

7.2

0.70

EQUITY – TAX SAVING (ELSS) FUNDS

Baroda BNP Paribas ELSS Tax Saver Fund

88.6

886

2.2

1.0

8.1

18.2

21.1

12.0

0.66

EQUITY – MID CAP FUNDS

Baroda BNP Paribas Mid Cap Fund

92.9

2037

2.0

0.6

6.5

19.5

28.0

15.0

0.83

HYBRID – CONSERVATIVE HYBRID FUNDS

Canara Robeco Conservative Hybrid Fund

94.7

944

1.8

0.7

8.9

8.8

9.6

7.9

0.92

EQUITY – LARGE & MID CAP FUNDS

Canara Robeco Emerging Equities

236.6

24041

1.6

0.6

10.3

17.2

24.3

15.5

0.77

HYBRID – AGGRESSIVE HYBRID FUNDS

Canara Robeco Equity Hybrid Fund

341.7

10655

1.7

0.6

9.9

14.3

17.8

12.1

0.76

EQUITY – FLEXI CAP FUNDS

Canara Robeco Flexi Cap Fund

315.5

12609

1.7

0.6

9.3

15.5

21.3

13.1

0.72

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Canara Robeco Infrastructure Fund

145.9

837

2.3

1.1

8.3

26.5

33.2

15.0

0.90

HYBRID – AGGRESSIVE HYBRID FUNDS

DSP Aggressive Hybrid Fund

347.5

10425

1.8

0.7

17.0

17.7

20.0

12.8

0.80

HYBRID – BALANCED ADVANTAGE FUNDS

DSP Dynamic Asset Allocation Fund

26.8

3217

1.9

0.7

11.6

12.3

12.6

8.9

0.79

EQUITY – FLEXI CAP FUNDS

DSP Flexi Cap Fund

96.5

11154

1.7

0.7

10.9

18.5

23.0

13.9

0.70

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

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

283.6

4880

1.9

0.9

-1.1

26.7

34.7

15.6

0.90

EQUITY – LARGE & MID CAP FUNDS

DSP Large & Mid Cap Fund

587.4

13784

1.7

0.7

12.7

21.8

26.5

15.4

0.87

EQUITY – SMALL CAP FUNDS

DSP Small Cap Fund

170.2

14269

1.7

0.9

4.4

16.7

32.5

16.0

0.82

EQUITY – FLEXI CAP FUNDS

Edelweiss Flexi Cap Fund

35.5

2542

2.0

0.5

10.2

19.3

24.7

14.2

0.78

EQUITY – LARGE & MID CAP FUNDS

Edelweiss Large & Mid Cap Fund

79.7

3732

1.9

0.4

10.0

18.3

24.6

13.9

0.77

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Franklin Build India Fund

130.0

2726

2.0

1.0

2.5

29.2

35.3

16.5

0.95

EQUITY – TAX SAVING (ELSS) FUNDS

Franklin India ELSS Tax Saver Fund

1410.1

6592

1.9

1.1

10.1

20.8

27.9

13.2

0.87

HYBRID – AGGRESSIVE HYBRID FUNDS

Franklin India Equity Hybrid Fund

260.0

2131

2.1

1.0

9.6

16.4

20.6

11.5

0.88

EQUITY – FOCUSED FUNDS

Franklin India Focused Equity Fund

101.5

11968

1.8

1.1

7.0

18.7

26.8

13.4

0.81

EQUITY – TAX SAVING (ELSS) FUNDS

HDFC ELSS Tax saver

1334.5

16232

1.7

1.1

13.6

23.5

28.5

13.3

1.09

HYBRID – EQUITY SAVINGS FUNDS

HDFC Equity Savings Fund

64.1

5430

1.9

0.9

7.0

10.5

13.6

9.5

1.03

HYBRID – AGGRESSIVE HYBRID FUNDS

HDFC Hybrid Equity Fund

113.8

23851

1.7

1.1

9.0

14.3

20.5

10.6

0.94

EQUITY – LARGE CAP FUNDS

HDFC Large Cap Fund

1093.3

37315

1.6

1.0

7.7

18.1

24.7

12.7

0.85

HYBRID – CONSERVATIVE HYBRID FUNDS

HSBC Conservative Hybrid Fund

59.7

143

2.2

1.4

10.1

10.4

9.7

7.6

0.68

EQUITY – FLEXI CAP FUNDS

HSBC Flexi Cap Fund

200.4

4700

2.0

1.2

8.9

18.6

24.3

12.2

0.69

EQUITY – LARGE CAP FUNDS

HSBC Large Cap Fund

447.0

1809

2.1

1.2

6.8

16.1

20.4

11.8

0.65

EQUITY – SMALL CAP FUNDS

HSBC Small Cap Fund

72.9

14737

1.7

0.7

-0.5

19.8

35.3

18.2

0.80

EQUITY – VALUE FUNDS

HSBC Value Fund

100.0

13095

1.7

0.8

7.6

22.9

29.5

15.8

0.90

EQUITY – SECTOR – BANKING FUNDS

ICICI Prudential Banking & Financial Services Fund

126.8

9375

1.8

1.0

18.2

24.6

13.7

0.70

EQUITY – TAX SAVING (ELSS) FUNDS

ICICI Pru Long Term Equity

878.2

14121

1.7

1.1

10.2

16.9

24.2

12.8

0.83

EQUITY – MID CAP FUNDS

ICICI Prudential Midcap Fund

263.9

5932

1.9

1.2

6.5

21.2

30.9

14.6

0.88

HYBRID – BALANCED ADVANTAGE FUNDS

Invesco India Balanced Advantage Fund

51.6

965

2.1

0.8

7.8

14.0

14.3

9.4

0.69

EQUITY – TAX SAVING (ELSS) FUNDS

Invesco India ELSS Tax Saver Fund

116.6

2721

1.9

0.8

8.8

17.1

21.6

13.2

0.64

EQUITY – LARGE & MID CAP FUNDS

Invesco India Large & Mid Cap Fund

88.7

6765

1.8

0.7

15.3

23.4

25.2

14.7

0.73

EQUITY – LARGE CAP FUNDS

Invesco India Largecap Fund

65.0

1424

2.1

0.8

8.9

17.4

21.7

12.4

0.70

EQUITY – MID CAP FUNDS

Invesco India Midcap Fund

154.9

6047

1.8

0.7

17.0

25.3

29.9

16.7

0.81

EQUITY – FOCUSED FUNDS

JM Focused Fund

18.4

260

2.4

0.7

0.9

20.0

22.5

12.5

0.62

EQUITY – TAX SAVING (ELSS) FUNDS

Kotak ELSS Tax Saver Fund

108.4

6077

1.8

0.7

4.1

17.2

24.1

13.8

0.77

EQUITY – FLEXI CAP FUNDS

Kotak Flexicap Fund

79.1

50812

1.5

0.7

9.2

17.7

22.4

13.7

0.74

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Kotak Infra & Economic Reform

58.6

2181

2.0

0.7

-2.4

23.2

32.5

14.8

0.83

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

LIC MF Infrastructure Fund

43.1

887

2.2

0.6

6.8

26.3

31.7

13.9

0.81

EQUITY – LARGE & MID CAP FUNDS

LIC MF Large & Midcap Fund

35.8

2894

1.9

0.6

9.7

16.4

23.1

14.2

0.73

EQUITY – SMALL CAP FUNDS

LIC MF Small Cap Fund

27.1

518

2.4

1.0

3.4

17.9

31.5

–

0.76

EQUITY – TAX SAVING (ELSS) FUNDS

Mahindra Manulife ELSS Tax Saver Fund

26.9

924

2.2

0.6

6.7

16.0

23.6

–

0.78

HYBRID – EQUITY SAVINGS FUNDS

Mahi Manu Eq Sav Dhan San Yojana

19.9

563

2.4

0.7

5.9

9.5

13.4

–

0.84

HYBRID – AGGRESSIVE HYBRID FUNDS

Mirae Asset Aggressive Hybrid Fund

30.4

8682

1.7

0.5

9.6

13.7

18.2

–

0.77

EQUITY – LARGE CAP FUNDS

Mirae Asset Large Cap Fund

106.4

37778

1.6

0.7

10.8

13.7

20.7

13.1

0.72

EQUITY – SECTOR – BANKING FUNDS

Nippon India Banking & Financial Services Fund

592.2

6967

1.9

1.0

15.5

21.2

29.2

13.1

0.79

EQUITY – FOCUSED FUNDS

Nippon India Focused Equity Fund

112.5

8193

1.9

1.2

8.6

15.4

25.7

13.4

0.84

EQUITY – TAX SAVING (ELSS) FUNDS

PGIM India ELSS Tax Saver Fund

33.2

764

2.3

0.8

11.1

13.8

23.4

–

0.80

EQUITY – LARGE CAP FUNDS

SBI Blue Chip Fund

87.9

51010

1.5

0.8

10.2

15.8

22.4

12.4

0.82

HYBRID – AGGRESSIVE HYBRID FUNDS

SBI Equity Hybrid Fund

287.0

74036

1.4

0.7

13.1

13.8

18.6

11.8

0.85

HYBRID – EQUITY SAVINGS FUNDS

SBI Equity Savings Fund

23.1

5443

1.4

0.9

7.8

10.9

13.5

–

0.90

EQUITY – FOCUSED FUNDS

SBI Focused Equity Fund

330.4

36041

1.6

0.8

10.9

14.9

21.7

14.2

0.74

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

SBI Infrastructure Fund

46.9

4872

1.9

1.0

2.3

24.7

30.9

15.4

0.96

EQUITY – LARGE & MID CAP FUNDS

SBI Large & Midcap Fund

575.5

30133

1.6

0.8

10.4

18.2

26.9

14.4

0.95

EQUITY – MID CAP FUNDS

SBI Magnum Midcap Fund

222.2

21512

1.7

0.8

8.4

18.5

31.5

14.7

1.03

EQUITY – SMALL CAP FUNDS

SBI Small Cap Fund

157.8

31790

1.6

0.7

2.1

16.4

29.5

18.3

0.88

HYBRID – AGGRESSIVE HYBRID FUNDS

Sundaram Aggressive Hybrid Fund

155.4

5924

1.8

0.8

9.7

14.1

18.9

12.2

0.81

HYBRID – BALANCED ADVANTAGE FUNDS

Sundaram Balanced Advantage Fund

34.1

1537

2.1

0.7

8.8

11.8

7.6

0.61

EQUITY – FOCUSED FUNDS

Sundaram Focused Fund

150.0

1058

2.3

1.4

4.9

14.6

20.9

12.8

0.66

EQUITY – SECTOR – BANKING FUNDS

Tata Banking and Financial Services Fund

40.7

2752

1.9

0.5

17.8

21.2

22.2

–

0.64

EQUITY – VALUE FUNDS

Tata Equity P/E Fund

324.3

8228

1.8

0.8

4.4

20.2

24.5

14.2

0.83

HYBRID – EQUITY SAVINGS FUNDS

Tata Equity Savings Fund

54.0

262

1.1

0.5

9.3

9.9

11.3

7.2

1.06

EQUITY – THEMATIC – CONSUMPTION FUNDS

Tata India Consumer Fund

41.3

2325

2.0

0.8

9.6

19.6

22.9

–

0.65

EQUITY – LARGE & MID CAP FUNDS

Tata Large & Mid Cap Fund

494.0

8294

1.8

0.7

5.1

17.3

23.1

13.3

0.84

EQUITY – LARGE CAP FUNDS

Tata Large Cap Fund

476.6

2539

2.0

1.0

6.6

15.5

22.3

11.7

0.79

EQUITY – MID CAP FUNDS

Tata Mid Cap Growth Fund

393.7

4505

1.9

0.7

3.9

20.7

27.6

14.9

0.83

EQUITY – MID CAP FUNDS

Taurus Mid Cap Fund

110.3

120

2.6

2.2

-2.5

17.0

23.5

14.3

0.64

EQUITY – VALUE FUNDS

Templeton India Value Fund

681.9

2195

2.1

1.3

5.0

20.7

31.9

14.3

1.04

EQUITY – TAX SAVING (ELSS) FUNDS

Union ELSS Tax Saver Fund

59.7

872

2.3

1.4

5.1

15.7

23.3

11.5

0.77

EQUITY – SMALL CAP FUNDS

Union Small Cap Fund

42.6

1468

2.2

1.0

1.8

16.1

29.9

13.5

0.72

HYBRID – AGGRESSIVE HYBRID FUNDS

UTI Aggressive Hybrid Fund

386.6

6122

1.9

1.2

11.6

17.6

23.1

12.0

1.03

HYBRID – CONSERVATIVE HYBRID FUNDS

UTI Conservative Hybrid Fund

68.0

1666

1.8

1.2

10.8

10.5

12.2

8.3

1.18

EQUITY – TAX SAVING (ELSS) FUNDS

UTI ELSS Tax Saver Fund

194.1

3689

1.9

0.9

7.7

14.3

21.8

11.9

0.68

EQUITY – LARGE & MID CAP FUNDS

UTI Large & Mid Cap Fund

166.5

4349

1.9

0.9

11.9

22.1

29.4

13.2

0.96

EQUITY – LARGE CAP FUNDS

UTI Large Cap Fund

261.6

12608

1.8

1.0

9.1

13.6

20.6

11.4

0.70

EQUITY – MID CAP FUNDS

UTI Mid Cap Fund

272.9

10923

1.8

0.9

5.8

17.1

27.0

13.7

0.76

EQUITY – VALUE FUNDS

UTI Value Fund

157.1

9573

1.8

1.1

13.0

19.6

25.4

12.7

0.88

HYBRID – AGGRESSIVE HYBRID FUNDS

Aditya Birla Sun Life Equity Hybrid ’95 Fund

1445.2

7319

1.9

1.1

9.2

12.7

18.8

10.3

0.74

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Aditya Birla Sun Life Infrastructure Fund

85.1

1065

2.3

1.5

-1.1

22.8

31.8

12.7

0.78

EQUITY – LARGE CAP FUNDS

Axis Bluechip Fund

57.9

33218

1.6

0.7

7.3

12.5

16.7

12.0

0.53

HYBRID – AGGRESSIVE HYBRID FUNDS

Bandhan Aggressive Hybrid Fund

24.0

846

2.3

1.0

11.9

14.8

20.0

–

0.78

EQUITY – FLEXI CAP FUNDS

Bandhan Flexi Cap Fund

195.4

7179

1.9

1.2

8.4

16.6

21.2

10.7

0.69

HYBRID – BALANCED ADVANTAGE FUNDS

Bank of India Balanced Advantage Fund

23.7

132

2.3

1.2

2.2

10.5

11.9

6.9

0.52

EQUITY – LARGE & MID CAP FUNDS

BOI Large & Mid Cap Equity Fund

80.6

362

2.3

1.1

2.2

17.0

22.6

11.6

0.68

EQUITY – SECTOR – BANKING FUNDS

Baroda BNP Paribas Bank&Fin Serv

45.3

257

2.4

0.8

16.5

19.7

21.9

11.3

0.58

HYBRID – EQUITY SAVINGS FUNDS

DSP Equity Savings Fund

21.5

2517

1.3

0.4

11.3

10.6

13.1

–

1.21

EQUITY – FOCUSED FUNDS

DSP Focused Fund

51.4

2447

2.0

1.0

13.1

18.8

22.1

11.9

0.75

EQUITY – MID CAP FUNDS

DSP Midcap Fund

133.2

17204

1.7

0.7

8.2

17.6

22.5

14.6

0.64

HYBRID – CONSERVATIVE HYBRID FUNDS

DSP Regular Savings Fund

57.9

167

1.1

0.5

11.3

10.4

7.3

1.06

EQUITY – TAX SAVING (ELSS) FUNDS

Edelweiss Long Term Equity

102.5

395

2.3

0.7

8.5

16.5

22.1

11.3

0.70

EQUITY – LARGE CAP FUNDS

Franklin India Bluechip Fund

970.3

7600

1.9

1.2

11.1

15.0

21.9

10.9

0.72

HYBRID – CONSERVATIVE HYBRID FUNDS

Franklin India Debt Hybrid Fund

88.8

201

1.4

0.7

9.1

10.1

9.8

7.5

0.93

EQUITY – MID CAP FUNDS

Franklin India Prima Fund

2550.2

11762

1.8

1.1

13.3

24.3

28.4

14.8

0.80

EQUITY – SMALL CAP FUNDS

Franklin India Smaller Companies Fund

158.0

12530

1.8

1.0

1.2

23.4

34.8

15.5

0.86

EQUITY – SMALL CAP FUNDS

HDFC Small Cap Fund

121.4

30880

1.6

0.9

1.3

21.5

34.3

17.2

0.90

EQUITY – VALUE FUNDS

HDFC Value Fund

689.8

7116

1.9

1.1

10.4

19.7

26.6

13.5

0.87

HYBRID – AGGRESSIVE HYBRID FUNDS

HSBC Aggressive Hybrid Fund

50.4

5125

1.9

0.9

4.4

13.5

17.2

10.4

0.55

EQUITY – TAX SAVING (ELSS) FUNDS

HSBC ELSS Tax saver Fund

122.6

3917

1.9

1.1

9.3

19.5

23.4

13.0

0.68

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

HSBC Infrastructure Fund

42.9

2250

2.1

1.0

1.8

24.3

31.4

15.1

0.78

EQUITY – MID CAP FUNDS

HSBC Midcap Fund

345.6

10724

1.7

0.7

6.7

22.2

26.3

15.4

0.66

HYBRID – EQUITY SAVINGS FUNDS

ICICI Prudential Equity Savings Fund

22.1

13046

1.0

0.5

9.0

8.5

11.1

8.1

1.30

EQUITY – THEMATIC – CONSUMPTION FUNDS

ICICI Prudential FMCG Fund

470.9

2001

2.1

1.3

1.8

12.7

17.9

11.9

0.59

EQUITY – SECTOR – BANKING FUNDS

LIC MF Banking & Financial Services Fund

19.4

264

2.4

1.1

6.2

16.0

19.1

7.3

0.53

EQUITY – TAX SAVING (ELSS) FUNDS

LIC MF ELSS Tax Saver

145.3

1088

2.2

1.0

12.3

16.8

21.7

11.5

0.73

EQUITY – FLEXI CAP FUNDS

LIC MF Flexi Cap Fund

86.4

927

2.3

1.3

-1.0

12.3

16.2

8.2

0.49

EQUITY – LARGE CAP FUNDS

LIC MF Large Cap Fund

53.2

1437

2.1

1.0

9.1

12.9

18.2

10.2

0.59

HYBRID – BALANCED ADVANTAGE FUNDS

Motilal Oswal Balanced Advantage Fund

18.2

904

2.3

1.0

-5.3

8.2

9.4

–

0.24

EQUITY – FOCUSED FUNDS

Motilal Oswal Focused Fund

38.1

1399

2.2

1.0

-5.9

8.8

13.7

9.3

0.35

EQUITY – LARGE & MID CAP FUNDS

Navi Large & Midcap Fund

33.0

295

2.3

0.4

7.9

13.5

22.4

–

0.71

EQUITY – LARGE & MID CAP FUNDS

Nippon India Vision Fund

1366.0

5719

2.0

1.3

11.4

21.4

27.8

12.3

0.89

EQUITY – TAX SAVING (ELSS) FUNDS

Quantum ELSS Tax Saver Fund

118.4

216

2.0

0.9

8.9

18.2

24.3

12.3

0.95

EQUITY – VALUE FUNDS

Quantum Value Fund

119.3

1157

2.0

1.1

9.2

18.2

24.5

12.2

0.95

EQUITY – FLEXI CAP FUNDS

SBI Flexicap Fund

103.0

21661

1.7

0.9

5.6

13.1

21.4

12.7

0.73

EQUITY – SECTOR – IT FUNDS

SBI Technology Opportunities Fund

199.3

4225

1.9

0.9

17.2

13.7

26.7

16.1

0.75

EQUITY – TAX SAVING (ELSS) FUNDS

Sundaram ELSS Tax Saver Fund

479.6

1328

2.3

1.7

7.5

16.3

23.9

13.5

0.82

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Sundaram Infrastructure Advantage Fund

87.0

901

2.5

2.3

3.2

21.3

30.7

13.6

0.82

EQUITY – LARGE & MID CAP FUNDS

Sundaram Large and Mid Cap Fund

79.3

6550

1.8

0.9

6.9

16.5

23.9

13.7

0.72

EQUITY – MID CAP FUNDS

Sundaram Mid Cap Fund

1253.0

11690

1.7

0.9

10.7

24.2

29.5

14.6

0.84

EQUITY – TAX SAVING (ELSS) FUNDS

Tata ELSS Tax Saver Fund

41.4

4405

1.8

0.7

9.8

16.7

22.8

13.9

0.74

HYBRID – AGGRESSIVE HYBRID FUNDS

Tata Hybrid Equity Fund

418.3

4012

1.9

1.0

6.4

13.2

18.5

9.8

0.79

EQUITY – LARGE CAP FUNDS

Union Largecap Fund

22.3

442

2.5

1.3

3.4

13.6

20.2

–

0.68

EQUITY – DIVIDEND YIELD FUNDS

UTI Dividend Yield Fund

165.1

3928

2.0

1.4

11.0

18.4

25.0

13.4

0.87

EQUITY – FLEXI CAP FUNDS

UTI Flexi Cap Fund

306.2

25190

1.7

1.1

13.3

11.1

20.0

12.0

0.59

EQUITY – THEMATIC – CONSUMPTION FUNDS

UTI India Consumer Fund

54.2

684

2.4

1.5

5.6

15.3

19.3

10.7

0.56

EQUITY – TAX SAVING (ELSS) FUNDS

Aditya Birla Sun Life ELSS Tax Saver Fund

55.5

14818

1.7

1.0

7.5

13.4

15.5

10.2

0.51

EQUITY – LARGE & MID CAP FUNDS

Aditya Birla Sun Life Equity Advantage Fund

837.0

5491

1.9

1.2

5.6

13.2

20.7

11.6

0.55

HYBRID – EQUITY SAVINGS FUNDS

Aditya Birla Sun Life Equity Savings Fund

21.5

629

1.1

0.6

8.0

8.9

10.9

7.7

0.66

EQUITY – MID CAP FUNDS

Aditya Birla Sun Life Midcap Fund

720.7

5646

1.9

1.1

8.8

18.6

28.7

13.4

0.82

EQUITY – VALUE FUNDS

Aditya Birla Sun Life Pure Value Fund

113.9

5826

1.9

1.1

1.7

19.3

26.4

12.3

0.70

EQUITY – SMALL CAP FUNDS

Aditya Birla Sun Life Small Cap Fund

76.8

4531

1.9

1.0

2.1

16.7

28.8

12.7

0.70

EQUITY – TAX SAVING (ELSS) FUNDS

Axis ELSS Tax Saver Fund

91.0

34950

1.5

0.8

8.2

13.6

17.8

11.8

0.49

EQUITY – FOCUSED FUNDS

Axis Focused Fund

51.8

12665

1.7

0.8

7.3

10.0

16.1

11.9

0.44

HYBRID – CONSERVATIVE HYBRID FUNDS

Bandhan Conservative Hybrid Fund

31.7

116

2.0

1.1

8.8

7.9

7.6

6.8

0.61

EQUITY – FOCUSED FUNDS

Bandhan Focused Equity Fund

80.6

1764

2.1

0.9

13.0

18.1

21.1

11.6

0.66

EQUITY – LARGE CAP FUNDS

DSP Large Cap Fund

456.7

5070

1.9

1.0

15.1

20.3

22.3

11.7

0.83

EQUITY – LARGE & MID CAP FUNDS

Franklin India Equity Advantage Fund

176.6

3375

2.1

1.4

11.6

16.4

25.8

11.3

0.79

EQUITY – SECTOR – IT FUNDS

Franklin India Technology Fund

474.1

1759

2.1

1.0

4.9

17.7

24.8

15.8

0.68

EQUITY – LARGE CAP FUNDS

Groww Largecap Fund

39.9

124

2.4

1.0

3.4

14.4

18.4

11.0

0.59

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

HDFC Infrastructure Fund

43.9

2392

2.0

1.0

3.1

30.5

36.2

10.8

0.91

HYBRID – AGGRESSIVE HYBRID FUNDS

LIC MF Aggressive Hybrid Fund

184.6

506

2.5

1.4

7.8

13.2

14.9

8.1

0.57

EQUITY – MID CAP FUNDS

LIC MF Midcap Fund

26.6

306

2.5

1.3

8.4

20.2

26.4

–

0.69

EQUITY – FLEXI CAP FUNDS

Motilal Oswal Flexi Cap Fund

57.5

12418

1.7

0.9

17.9

23.6

22.9

13.5

0.62

EQUITY – TAX SAVING (ELSS) FUNDS

Nippon India ELSS Tax Saver Fund

119.5

14782

1.7

1.0

6.8

18.3

26.0

10.1

0.80

HYBRID – AGGRESSIVE HYBRID FUNDS

Nippon India Equity Hybrid Fund

99.2

3811

2.0

1.1

8.4

16.3

21.6

9.8

0.92

HYBRID – EQUITY SAVINGS FUNDS

Nippon India Equity Savings Fund

15.6

702

1.8

0.7

6.0

8.8

10.6

–

0.82

HYBRID – CONSERVATIVE HYBRID FUNDS

Nippon India Hybrid Bond Fund

56.6

840

1.9

1.1

8.6

8.8

9.1

5.5

1.19

EQUITY – LARGE CAP FUNDS

PGIM India Large Cap Fund

324.6

593

2.4

0.9

7.3

13.9

18.2

10.2

0.62

EQUITY – THEMATIC – CONSUMPTION FUNDS

Sundaram Consumption Fund

93.5

1532

2.2

1.3

13.3

20.6

22.7

14.3

0.72

EQUITY – DIVIDEND YIELD FUNDS

Sundaram Dividend Yield Fund

129.0

881

2.3

1.2

4.2

16.6

23.3

14.2

0.83

EQUITY – SMALL CAP FUNDS

Sundaram Small Cap Fund

231.8

3058

2.0

0.9

3.5

19.8

33.2

13.3

0.82

EQUITY – FLEXI CAP FUNDS

Taurus Flexi Cap Fund

211.3

347

2.6

2.5

14.2

19.6

9.0

0.61

EQUITY – SECTOR – BANKING FUNDS

UTI Banking and Financial Services Fund

177.7

1264

2.2

1.1

15.1

19.2

23.7

10.8

0.65

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

UTI Infrastructure Fund

133.3

2139

2.2

1.8

4.2

22.5

27.9

12.1

0.80

HYBRID – BALANCED ADVANTAGE FUNDS

UTI-Unit Linked Insurance Plan

41.0

5449

1.6

1.0

12.4

9.5

12.3

8.0

0.78

EQUITY – THEMATIC – MNC FUNDS

Aditya Birla Sun Life MNC Fund

–

1222.6

3417

2.0

1.4

2.0

10.8

12.7

7.9

0.39

HYBRID – AGGRESSIVE HYBRID FUNDS

Axis Aggressive Hybrid Fund

–

19.6

1549

2.2

1.1

11.1

11.2

15.8

–

0.60

HYBRID – BALANCED ADVANTAGE FUNDS

Axis Balanced Advantage Fund

–

20.4

2935

2.0

0.8

13.8

14.8

14.3

–

0.83

EQUITY – FLEXI CAP FUNDS

Axis Flexi Cap Fund

–

24.7

12353

1.7

0.7

8.5

13.9

18.3

–

0.53

EQUITY – LARGE & MID CAP FUNDS

Axis Growth Opportunities Fund

–

30.0

13755

1.7

0.6

7.6

17.1

24.2

–

0.71

HYBRID – EQUITY SAVINGS FUNDS

Bandhan Equity Savings Fund

–

30.7

287

1.1

0.2

7.8

7.9

9.6

6.6

1.09

HYBRID – CONSERVATIVE HYBRID FUNDS

Bank of India Conservative Hybrid Fund

–

33.3

2.1

1.1

3.9

7.5

12.1

7.5

1.08

EQUITY – SMALL CAP FUNDS

Bank of India Small Cap Fund

–

41.5

1574

2.0

0.5

3.8

20.0

33.8

–

0.81

HYBRID – BALANCED ADVANTAGE FUNDS

Baroda BNP Paribas Balanced Advantage Fund

–

22.9

4155

1.9

0.8

7.2

14.3

17.1

–

0.79

EQUITY – FOCUSED FUNDS

Baroda BNP Paribas Focused Fund

–

20.7

670

2.3

0.5

2.1

15.1

19.9

–

0.57

EQUITY – THEMATIC – CONSUMPTION FUNDS

Baroda BNP Paribas India Consumption Fund

–

30.0

1431

2.1

0.7

9.1

18.4

22.0

–

0.68

EQUITY – MULTI CAP FUNDS

Baroda BNP Paribas Multi Cap Fund

–

263.6

2705

2.0

1.0

5.9

18.9

26.6

13.3

0.76

EQUITY – SMALL CAP FUNDS

Canara Robeco Small Cap Fund

–

34.9

11475

1.7

0.5

3.7

15.5

33.9

–

0.90

EQUITY – SECTOR – PHARMA FUNDS

DSP Healthcare Fund

–

36.1

3019

1.9

0.6

11.9

21.5

23.1

–

0.79

HYBRID – AGGRESSIVE HYBRID FUNDS

Edelweiss Aggressive Hybrid Fund

–

60.4

2612

1.9

0.4

11.4

17.9

22.0

12.3

0.97

EQUITY – SMALL CAP FUNDS

Edelweiss Small Cap Fund

–

39.4

4237

1.8

0.4

5.8

20.2

33.7

–

0.91

HYBRID – EQUITY SAVINGS FUNDS

Franklin India Equity Savings Fund

–

16.1

672

1.1

0.4

7.6

8.9

11.6

–

0.82

HYBRID – AGGRESSIVE HYBRID FUNDS

Groww Aggressive Hybrid Fund

–

19.8

2.3

0.9

4.2

12.7

16.8

–

0.67

EQUITY – TAX SAVING (ELSS) FUNDS

Groww ELSS Tax Saver Fund

–

18.3

2.3

0.6

1.4

14.0

18.3

–

0.56

EQUITY – VALUE FUNDS

Groww Value Fund

–

25.1

2.3

0.9

6.9

16.6

21.8

–

0.74

HYBRID – BALANCED ADVANTAGE FUNDS

HDFC Balanced Advantage Fund

–

496.4

97461

1.4

0.9

8.0

20.5

26.3

14.5

1.12

EQUITY – LARGE & MID CAP FUNDS

HSBC Large & Mid Cap Fund

–

24.1

3906

1.9

0.9

5.7

18.9

24.2

–

0.60

EQUITY – TAX SAVING (ELSS) FUNDS

HSBC Tax Saver Equity Fund

–

87.1

235

2.5

1.6

13.5

19.2

24.5

13.0

0.70

EQUITY – MULTI CAP FUNDS

ICICI Prudential Multicap Fund

–

744.2

14505

1.7

0.9

8.9

21.7

27.5

14.3

0.90

EQUITY – SECTOR – PHARMA FUNDS

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

–

36.6

5295

1.9

1.1

22.5

25.2

24.7

–

0.88

EQUITY – SMALL CAP FUNDS

ICICI Prudential Smallcap Fund

–

78.0

7605

1.8

0.8

0.2

17.5

33.9

14.0

1.00

HYBRID – AGGRESSIVE HYBRID FUNDS

Invesco India Aggressive Hybrid Fund

–

21.5

653

2.4

0.8

12.0

17.2

18.3

–

0.70

EQUITY – CONTRA FUNDS

Invesco India Contra Fund

–

125.9

18046

1.7

0.6

12.8

21.2

25.8

15.6

0.83

HYBRID – EQUITY SAVINGS FUNDS

Invesco India Equity Savings Fund

–

16.4

404

2.3

0.7

8.7

10.9

10.2

–

0.60

EQUITY – MULTI CAP FUNDS

Invesco India Multicap Fund

–

121.2

3782

1.9

0.7

9.1

19.9

24.9

13.6

0.71

EQUITY – SMALL CAP FUNDS

Invesco India Smallcap Fund

–

36.7

6200

1.8

0.4

10.3

24.1

33.3

–

0.84

HYBRID – BALANCED ADVANTAGE FUNDS

Kotak Balanced Advantage Fund

–

19.8

16988

1.7

0.6

10.2

12.5

15.1

–

0.92

EQUITY – CONTRA FUNDS

Kotak India EQ Contra Fund

–

138.0

4072

1.9

0.6

5.8

21.0

26.7

14.7

0.89

HYBRID – CONSERVATIVE HYBRID FUNDS

LIC MF Conservative Hybrid Fund

–

80.3

2.3

1.2

7.8

7.0

6.8

6.4

0.55

EQUITY – DIVIDEND YIELD FUNDS

LIC MF Dividend Yield Fund

–

28.1

509

2.4

0.7

8.7

20.1

25.0

–

0.78

HYBRID – EQUITY SAVINGS FUNDS

LIC MF Equity Savings Fund

–

26.7

2.3

1.3

8.8

9.4

10.8

6.7

0.62

EQUITY – FOCUSED FUNDS

LIC MF Focused Fund

–

19.7

132

2.5

1.6

5.7

12.0

18.8

–

0.62

EQUITY – SECTOR – PHARMA FUNDS

LIC MF Healthcare Fund

–

27.4

2.5

1.2

16.4

17.4

16.7

–

0.57

EQUITY – VALUE FUNDS

LIC MF Value Fund

–

21.7

153

2.4

1.0

2.2

13.8

21.3

–

0.58

EQUITY – THEMATIC – CONSUMPTION FUNDS

Mahindra Manulife Consumption Fund

–

21.4

479

2.4

0.7

4.6

17.9

21.1

–

0.66

EQUITY – LARGE CAP FUNDS

Mahindra Manulife Large Cap Fund

–

22.2

651

2.4

0.7

8.9

15.0

21.1

–

0.74

EQUITY – MID CAP FUNDS

Mahindra Manulife Mid Cap Fund

–

30.7

3553

1.9

0.5

6.8

23.7

30.1

–

0.83

EQUITY – MULTI CAP FUNDS

Mahindra Manulife Multi Cap Fund

–

32.3

5094

1.8

0.4

6.6

18.8

27.8

–

0.78

HYBRID – EQUITY SAVINGS FUNDS

Mirae Asset Equity Savings Fund

–

19.5

1360

1.4

0.4

9.4

11.2

14.1

–

1.02

EQUITY – SECTOR – PHARMA FUNDS

Mirae Asset Healthcare Fund

–

35.7

2667

2.0

0.6

17.5

19.7

21.7

–

0.74

HYBRID – AGGRESSIVE HYBRID FUNDS

Navi Aggressive Hybrid Fund

–

19.2

116

2.3

0.4

7.0

12.6

16.2

–

0.69

EQUITY – TAX SAVING (ELSS) FUNDS

Navi ELSS Tax Saver Fund

–

27.4

2.3

0.4

5.6

13.5

19.5

–

0.63

EQUITY – FLEXI CAP FUNDS

Navi Flexi Cap Fund

–

20.9

241

2.3

0.4

2.7

12.5

19.6

–

0.64

HYBRID – BALANCED ADVANTAGE FUNDS

Nippon India Balanced Advantage Fund

–

170.1

9049

1.8

0.6

8.4

13.1

15.8

9.9

0.97

EQUITY – THEMATIC – CONSUMPTION FUNDS

Nippon India Consumption Fund

–

190.6

2381

2.0

0.6

7.4

20.8

27.7

14.7

0.90

EQUITY – MULTI CAP FUNDS

Nippon India Multi Cap Fund

–

272.2

40261

1.6

0.8

7.1

24.1

33.1

14.3

0.94

EQUITY – SECTOR – PHARMA FUNDS

Nippon India Pharma Fund

–

484.1

8260

1.8

0.9

15.3

21.1

21.8

14.1

0.74

HYBRID – EQUITY SAVINGS FUNDS

PGIM India Equity Savings Fund

–

48.5

1.3

0.5

7.2

7.1

9.6

7.2

1.21

HYBRID – AGGRESSIVE HYBRID FUNDS

PGIM India Hybrid Equity Fund

–

124.8

211

2.3

0.8

10.5

13.5

16.3

8.4

0.61

EQUITY – MULTI CAP FUNDS

Quant Active Fund

–

584.6

9549

1.7

0.6

-8.6

13.3

29.5

17.4

0.78

EQUITY – FLEXI CAP FUNDS

Quant Flexi Cap Fund

–

92.7

7016

1.8

0.6

-2.8

19.2

33.6

18.7

0.91

EQUITY – CONTRA FUNDS

SBI Contra Fund

–

363.9

44069

1.5

0.6

6.3

22.6

35.4

15.7

1.30

EQUITY – SECTOR – PHARMA FUNDS

SBI Healthcare Opportunities Fund

–

412.3

3671

1.9

0.9

21.5

25.9

24.3

12.0

0.85

EQUITY – THEMATIC – MNC FUNDS

SBI Magnum Global Fund

–

352.2

6117

1.9

1.2

5.4

12.0

17.0

10.5

0.54

HYBRID – AGGRESSIVE HYBRID FUNDS

Shriram Aggressive Hybrid Fund

–

30.0

2.4

1.0

0.8

11.6

14.8

8.9

0.56

EQUITY – TAX SAVING (ELSS) FUNDS

Shriram ELSS Tax Saver Fund

–

19.7

2.3

0.8

-4.6

11.3

15.9

–

0.45

EQUITY – FLEXI CAP FUNDS

Shriram Flexi Cap Fund

–

18.9

134

2.4

0.9

-6.8

12.0

16.6

–

0.47

HYBRID – CONSERVATIVE HYBRID FUNDS

Sundaram Conservative Hybrid Fund

–

29.5

2.2

1.5

8.9

8.5

9.7

7.1

0.99

EQUITY – TAX SAVING (ELSS) FUNDS

Sundaram Diversified Equity

–

208.1

1465

2.2

1.7

7.8

14.9

22.5

11.5

0.78

EQUITY – MULTI CAP FUNDS

Sundaram Multi Cap Fund

–

350.1

2662

2.0

1.0

7.2

17.0

25.4

14.3

0.79

HYBRID – BALANCED ADVANTAGE FUNDS

Tata Balanced Advantage Fund

–

19.7

10154

1.7

0.4

5.3

11.4

14.6

–

0.97

EQUITY – FLEXI CAP FUNDS

Tata Flexi Cap Fund

–

22.9

3125

1.9

0.7

11.3

16.0

19.8

–

0.69

EQUITY – SECTOR – PHARMA FUNDS

Tata India Pharma & Healthcare Fund

–

28.6

1223

2.2

0.7

15.9

21.4

–

0.73

EQUITY – SMALL CAP FUNDS

Tata Small Cap Fund

–

35.6

9418

1.7

0.4

3.2

20.2

34.2

–

0.91

EQUITY – SECTOR – BANKING FUNDS

Taurus Banking & Financial Services Fund

–

51.3

2.4

1.6

9.0

17.7

21.2

11.8

0.59

EQUITY – TAX SAVING (ELSS) FUNDS

Taurus ELSS Tax Saver Fund

–

172.8

2.4

1.8

7.9

17.5

21.3

12.6

0.78

EQUITY – THEMATIC – INFRASTRUCTURE FUNDS

Taurus Infrastructure Fund

–

61.2

2.5

2.0

-1.0

18.4

24.6

13.2

0.67

EQUITY – LARGE CAP FUNDS

Taurus Large Cap Fund

–

148.2

2.6

2.4

5.1

15.2

19.7

9.3

0.60

HYBRID – BALANCED ADVANTAGE FUNDS

Union Balanced Advantage Fund

–

19.4

1378

2.2

0.9

6.5

10.3

13.7

–

0.86

HYBRID – EQUITY SAVINGS FUNDS

Union Equity Savings Fund

–

16.4

137

2.0

1.5

6.1

8.5

9.6

–

0.75

EQUITY – VALUE FUNDS

Union Value Fund

–

26.1

302

2.5

1.1

7.3

18.4

25.1

–

0.82

HYBRID – EQUITY SAVINGS FUNDS

UTI Equity Savings Fund

–

17.9

674

1.6

0.4

7.8

11.4

13.2

–

1.11

EQUITY – SECTOR – PHARMA FUNDS

UTI Healthcare Fund

–

264.9

1037

2.3

1.2

20.6

21.5

11.1

0.70

EQUITY – THEMATIC – MNC FUNDS

UTI MNC Fund

–

359.4

2686

2.1

1.2

13.1

15.8

9.5

0.52

Source link

How new thematic mutual fund categories fared

by Hansraj Agrawal | May 3, 2025 | Share Market

Moving beyond traditional thematic categories such as infrastructure, consumption, and MNCs, mutual fund houses have recently introduced newer thematic funds proxying the business cycle, innovation, and manufacturing themes.

Here, we look at how these three thematic categories have performed and the sectors they have bet on to deliver this performance.

Business cycle funds

Business cycle funds dynamically change their sector allocations based on prevailing economic conditions. Unlike traditional equity funds that maintain consistent sector allocations, these funds actively shift their portfolio to capitalise on different phases of the economic cycle — recession, recovery, expansion, and slowdown. They look to generate superior returns by increasing exposure to sectors expected to outperform in the anticipated economic environment.

Currently, 19 funds exist in this category, with 12 funds having less than two years of NAV history. Performance over the last year shows significant variation; the top-performing fund, Kotak Business Cycle, delivered 12 per cent returns, while the bottom performer, Quant Business Cycle, delivered a negative five per cent. Overall, the category delivered 1 per cent returns while the Nifty 500 total return index achieved 7 per cent during this period. Therefore, it is clear that not all business cycle funds were good at reading the economic cycle.

According to the latest portfolio data, the top-performing fund over the past year, Kotak Business Cycle had its highest exposure in banks (14 per cent of total assets), followed by industrial products (6 per cent) and retailing (5.8 per cent). The second-best performer, ICICI Prudential Business Cycle, allocated 23 per cent to banks, 9 per cent to automobiles, and 7 per cent to construction projects.

The expense ratio for regular plans ranges between 1 per cent and 2.4 per cent, while for direct plans, it falls between 0.3 per cent and 1.2 per cent.

Innovation funds

Innovation-themed mutual funds focus primarily on companies playing on technological advancements and disruptive business models that could reshape industries. Unlike traditional equity funds, they target high-growth sectors rather than established businesses.

Eight of the 10 funds in this category were launched less than two years ago. For the last year, the top-performing fund was Bandhan Innovation, delivering 16 per cent returns, while the bottom-performing UTI Innovation yielded a negative one per cent. The category generated an average return of seven per cent.

Analysing the top sectoral allocations of the best-performing funds in the category, Bandhan Innovation had major exposures to Pharmaceuticals (12 per cent), Finance (8 per cent), and Retailing (8 per cent), while ICICI Prudential Innovation invested primarily in Banks (11 per cent), Automobiles (9 per cent), and Pharmaceuticals (9 per cent).

Regular plans have an expense ratio ranging from 1.5 per cent to 2.8 per cent, whereas for direct plans, it ranges between 0.5 per cent and 1.3 per cent.

Manufacturing funds

Manufacturing theme funds concentrate on companies positioned to benefit from India’s rise in manufacturing. These funds select stocks by identifying sectors aligned with government initiatives like Production-Linked Incentive schemes, Make in India, and Atmanirbhar Bharat. Fund managers prioritise companies with strong order books, operational efficiency, export potential, and healthy balance sheets.

Eleven out of 17 funds in this category were launched in the last two years. Axis India Manufacturing topped the performance chart with 6 per cent returns over the last year, while Quant Manufacturing delivered negative returns of 6 per cent. The category delivered an average return of 3 per cent.

Axis India Manufacturing, the top performer in the category, allocated significant amounts to Pharmaceuticals (18 per cent), Automobiles (14 per cent), and Petroleum Products (8 per cent). The second-best performer, Canara Robeco Manufacturing, invested primarily in Automobiles (12 per cent), Electrical Equipment (11 per cent), and Consumer Durables (7 per cent).

Active fund regular plans have an expense ratio between 1 per cent and 2.3 per cent, while direct plans range from 0.5 per cent to 1 per cent.

The above analysis shows that thematic funds often do not outperform broad market indices such as the Nifty 500 TRI on average. Though the top funds in each theme may do so, identifying such funds in advance at the time of their launch is close to impossible. This argues for looking at a thematic fund’s track record before investing in it.

Published on May 3, 2025

Source link

« Older Entries

Next Entries »

Times Top News

Times Top News

Recent Posts

Recent Comments