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 Questions that every
smart investor should ask

I I
know don't
Have my returns beaten inflation,
1 Bank FD & the Sensex?

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 CONTENTS
OCTOBER 2024
Volume XXII, Number 1

EDITORIAL 34 COVER STORY

PRINCIPLES
Value Research is an independent
investment research company. Our
goal is to serve our readers with data,
information and knowledge that inform
them about savings and investments
and help them learn how to make
better choices.
The basis of our work is the trust
reposed in us by our readers. We are
independent, fair and honest. We are
committed to achieving the highest
level of accuracy and impartiality in
everything that we publish.
We recognise that the nature of our
work is such that it influences
decisions that affect our readers’
future. We strive to bear this
responsibility with humility. We
recognise that while it is not possible
to be 100 per cent accurate, it is
possible to always strive to achieve that
standard to the best of our abilities.

EDITOR-IN-CHIEF
Dhirendra Kumar
COPY EDITING

Agnisheik Chatterji & Khyati Simran
Nandrajog
RESEARCH AND ANALYSIS

Aakar Rastogi, Abhishek Rana, Ameya
Satyawadi, Ashish Menon, Ashutosh Gupta,
Chirag Madia, Karan Jaiswal, Karthik Anand
Vijay, Pankaj Nakade, Pranit Mathur &
Sneha Suri
10 FUND RADAR 12 FUND RADAR
DATA AND ANALYSIS

Apurva Srivastava, Bishal Das, Nidhi Patel,
Nishu Nagar, Pranav Kataria, Sandeep P,
Diversify, don’t dummify Have `0 savings? Worry not,
Shruti Agarwal & Vijay Kumar Let’s discuss the pointlessness you can still retire in 15 years
DESIGN
of portfolio overlaps We have also provided a retirement timeline
Aman Singhal, Anand Kumar, Aprajita
Anushree, Harish Kumar, Kamal Kant
Koner, Mukul Ojha, Nitin Yadav & Sakshi
PRODUCTION MANAGER & CIRCULATION
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© 2024 Value Research India Pvt. Ltd. Mutual Fund Insight is owned by Value Research India Pvt. Ltd., 5, Commercial Complex, Chitra Vihar, Delhi 110092.
Editor: Dhirendra Kumar. Printed and published by Dhirendra Kumar on behalf of Value Research India Pvt. Ltd. Published at 5, Commercial Complex, Chitra Vihar, Delhi 110 092. Printed at Option Printofast, 46, Patparganj Industrial Area, Delhi -92.

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 9 FIRST PAGE 40 CATEGORY REVIEW: MID- & SMALL-CAP FUNDS
Keep Tame your animal spirits
the faith
Dhirendra Kumar 50 INVESTORS’ JOURNEYS
Some expenses may
be worth it
Shyamali Basu
14 FUND RADAR
Getting away from the madding market

52 INVESTMENT ACORNS BY WHITEOAK

16 VALUE RESEARCH FUND ADVISOR
Which is better, starting
A lifelong promise SIP at the top or bottom?
Manuj Jain, CFA
20 READERS’ VOICE
Letters to the Editor’s Note

54 THE PLAN
23 BACK TO BASICS
Should you chase sectoral trends?
Asset allocation through life

24 PERSONAL FINANCE INSIGHT 56 ASK VALUE RESEARCH

All your savings and
The better way to hold your mutual funds
investment queries answered

26 INTERVIEW
‘Our buy-and-hold strategy 58 NPS SCORECARD
hasn’t worked well in Tracking the returns of different NPS plans
mid-cap fund’
Vinit Sambre
62 SCOREBOARD
Head of Equity z Equity, Hybrid & Debt funds
DSP Mutual Fund z Index funds
z ETFs

30 INTERVIEW
102 TOP-RATED FUNDS
‘Many funds in India will Funds that are at the top of the
follow factor-based Value Research food chain
investing in 5-10 years’
Bhavesh Jain 104 SIP RETURNS
Co-Head – Factor Investing
Value of a `10,000 monthly SIP
Edelweiss Mutual Fund
across different time periods

',6&/$,0(5
The contents of Mutual Fund Insight published by Value Research India Private Limited (the “Magazine”) are not intended to serve as professional advice or guidance and the Magazine takes no
responsibility or liability, express or implied, whatsoever for any investment decisions made or taken by the readers of this Magazine based on its contents thereof. You are strongly advised to verify the
contents before taking any investment or other decision based on the contents of this Magazine. The Magazine is meant for general reading purposes only and is not meant to serve as a professional guide
for investors. The readers of this Magazine should exercise due caution and/or seek independent professional advice before entering into any commercial or business relationship or making any investment
decision or entering into any financial obligation based on any information, statement or opinion which is contained, provided or expressed in this Magazine.
The Magazine contains information, statements, opinions, statistics and materials that have been obtained from sources believed to be reliable and the publishers of the Magazine have made best
efforts to avoid any errors and omissions, however the publishers of this Magazine make no guarantees and warranties whatsoever, express or implied, regarding the timeliness, completeness, accuracy,
adequacy, fullness, functionality and/or reliability of the information, statistics, statements, opinions and materials contained and/or expressed in this Magazine or of the results obtained, direct or
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Reproduction of this publication in any form or by any means whatsoever without prior written permission of the publishers of this Magazine is strictly prohibited. All disputes shall be subject to the
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 FIRST PAGE

Keep the faith

within the social and In the age of social media, it’s
psychological context of what a easier than ever to spread doubt.
government job means in India. But don’t let the noise drown out
However, for the rest of us, the the facts. The NPS’s transparent
story is different. We need to save structure and low costs are its
for our retirement, and the NPS is strengths, not weaknesses.
a better option than any. Just look at what the NPS
There’s one more reason for the delivers. Having been a close
wave of negativity about NPS on observer of personal finance and
social media, which you must savers for over three decades, I’ve

T
he NPS (National Pension appreciate. The ultra-low-cost seen countless plans for retirement
System) has recently structure of the NPS is good for come in and go out of favour.
come back to the news in savers but bad for intermediaries. However, the NPS stands out for its
a somewhat uncomforta- There’s a whole universe of low cost, high safety, reasonably
ble fashion. intermediaries of one kind or high returns and genuine potential
An external observer has found another in this country who would for long-term wealth creation. It’s
the NPS inadequate. After years of like their clients to ignore NPS not just about the numbers –
simmering discontent, the and instead, put their savings into though impressive, it’s about
government recognised its high-commission investments that empowering individuals to take
shortcomings and returned a the intermediaries are selling. This control of their financial future.
guaranteed employee pension is the same story of ULIPs (unit- I often meet people sceptical
scheme. At least that’s the story linked insurance plans) versus about the NPS, citing concerns
that the anti-NPS crowd on social mutual funds being repeated, about market volatility or lack of
media is pitching. albeit with different asset classes. guarantees. To them, I say this: life
The reality though, is far from So, take all the anti-NPS itself comes with no guarantees.
this narrative. The NPS is a great propaganda with a large pinch of The beauty of the NPS lies in its
retirement scheme for everyone. salt. Don’t fall for it. ability to harness the power of
However, everything gets compared Consider this: when did you compounding and market growth
to an alternative. I’m reminded of last see a financial product that over the long term. Yes, there will
the comedian who, when asked, didn’t come with a sales pitch? be ups and downs, but that’s
“How’s your wife?” would say, The NPS stands out precisely precisely why the scheme is
“Compared to what?” Government because it doesn’t line anyone’s designed with a mix of investment
employees compare NPS to what pockets except yours. Its efficiency classes and options. It’s about
they had earlier and want a threatens the status quo of many balancing risk and reward, much
guaranteed pension. Private savers in the financial industry, where like life itself. So, before
don’t have any such alternative for complexity often masks higher dismissing the NPS based on
retirement savings. The options fees and poor performance. Some hearsay or short-term thinking, I
that are available to them include intermediaries, seeing their urge you to dive deeper into its
mutual funds, deposits and such. commissions dwindle, resort to structure and benefits. Do read our
As our cover story shows, the NPS fear-mongering and cover story and renew your faith
is superior to these. misinformation. They’ll highlight in the NPS.
Psychologically, some everything as a systemic flaw,
government employees think conveniently forgetting the long-
having a guarantee is better than a term nature of retirement
superior investment alternative. planning. Remember, their Dhirendra Kumar
This is (sort of) understandable interests may not align with yours. Editor-in-chief

Mutual Fund Insight October 2024 9

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 FUND RADAR

Diversify, don't dummify

Let's discuss the pointlessness of portfolio overlaps
By Agnisheik Chatterji and Karan Jaiswal

D
iversifying your investment is great. Portfolio Funds with similar portfolios usually end up
overlap? Not so much. It can be a side-effect delivering similar performances
in your pursuit to diversify (spread your Average six month 5Y performance standard
Fund categories overlap (%) deviation (%)
investments across funds). So, if you are investing in too
many funds, ensure they are not investing in similar Large cap 45.87 2.1

stocks. Take large-cap funds, for example. Investing in Large and midcap 28.11 2.3
more than one active large-cap fund can be futile. Here’s ELSS 28.09 3.9
why: these funds invest at least 80 per cent of their
Value 27.98 3.2
money in the 100 largest companies by market value.
Mid cap 25.52 3.4
Given their small investment pool of 100 companies,
there is a strong likelihood of large-cap funds investing in Flexi cap 24.37 3.7

the same stocks. Multi cap^ 21.93 3.3

The large-cap offerings from ABSL (Aditya Birla Sun Small cap 13.13 4.9
Life) and Canara Robeco are prime examples. Their
Data as per Value Research fund categorisation. Returns as of August 19, 2024.
portfolio is 71 per cent similar to each other. Portfolio data as of July 2024. ^Multi-cap funds’ three-year performance considered.
Unsurprisingly, their performances dovetail with each
other (ABSL’s 20 per cent and Canara Robeco’s Interestingly, flexi-cap and ELSS (tax-saving) funds of
21.8 per cent) and saw negative returns in 18 out of 20 the same AMC can also be prone to aping each other.
market downturns over the past 60 months.If you thought Despite having different use cases, they have pretty similar
this is an outlier, the average overlap among large-cap investment mandates. As such, Franklin Templeton’s ELSS
funds is no better. Their portfolios are around 46 per cent and flexi-cap offerings have a 94 per cent likeness. These
alike. The performance is in a similar ballpark as well. are not one-off examples either. There are five other fund
houses where the portfolios of their ELSS and flexi-cap
Mid- and small-cap funds schemes are at least 70 per cent similar.
These funds are relatively immune from the copycat
syndrome. Since they have more investment options Sectoral funds
available, they have lower portfolio overlaps – just The discussion on portfolio overlap wouldn't be complete
26 per cent among mid-cap funds and 13 per cent among without mentioning sectoral funds. As these funds focus
small caps. As such, their performances have greater on specific industries, it limits their investment pool to a
divergence. handful of companies. Among sectoral funds, Banking
Ditto with flexi-cap and multi-cap funds. Since these funds show the highest overlap, with a 72 per cent
two have the flexibility to invest across the entire spectrum resemblance between HDFC Banking & Financial Services
of large, mid and small caps, their portfolio overlap and Kotak Banking & Financial Services.
numbers are at a lower end, in the 22-24 per cent range.

A quick checklist
Funds of the same AMC
If you're considering multiple funds from the same fund Large-cap funds can mirror each other.
house (AMCs), check before doing so. Many fund houses Mid- and small-cap funds don’t usually suffer
may have a monolithic investment philosophy and often from the problem of portfolio overlap.
Be cautious when investing in multiple funds
install the same fund manager, leading to significant
from the same fund house.
overlaps. UTI ELSS Tax Saver and UTI Children's Equity
ELSS (tax-saving) and flexi-cap funds from the
Fund are a case in point, with a staggering 98 per cent
same AMC can have significant overlaps.
portfolio resemblance.

10 Mutual Fund Insight October 2024

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 FUND RADAR

Have `0 savings? Worry not,

you can still retire in 15 years
We have also provided a retirement timeline A guide to
retire early
By Ameya Satyawadi during retirement.) Age: 25
This plan is not just for the

T
he good news is that this richie-rich either. If you look at the
headline is not misleading. infographic on the right, you'll see that a
The bad news? It’s not easy to 25-year-old investing 50 per cent of their
achieve. (But let’s be honest: when is salary each month can retire in 15 years,
Monthly income
anything worthwhile ever easy?) provided they step up the invesment `50,000
So, without further ado, let’s dive amount by 5 per cent every year.
into the numbers.
You can retire in 15 years and Retire early dreams
comfortably live off your wealth While the dream of early retirement `
if you can: is achievable, it requires discipline
a) Invest exactly half your salary in and frugality. If you save less than
If you start `25,000 SIP
equity mutual funds starting today. 50 per cent of your income, it will
(50 per cent of your income)
b) Increase your investment by take you a few more years to retire (see in equity funds each month
5 per cent annually. the table below).
c) Reduce your monthly expenses by Ultimately, it comes down to how
10 per cent in retirement. much of your salary you’re investing
(We’re assuming that your equity each month. For example, investing
mutual funds will grow at 12 per cent 20 per cent of your monthly salary
annually, your yearly expenses would take someone 29 to 35 years to
will rise by 6 per cent due to inflation, retire with peace of mind. Increase SIP each year by
5 per cent
and you’ll shift to a 50:50 equity-debt In short, it’s a classic case of ‘no
plan yielding 9.5 per cent return pain, no gain’.

When can you retire? `

The number of years it will take for you to retire
If your post Reduce inflation-adjusted
If your post-retirement If your post-retirement
Investment expense reduces by retirement expense increases by expenses during retirement
rate expense remains by 10 per cent
(% of salary) 20%* 10%* the same* 10%* 20%* 30%*

20% 29 30 32 33 34 35
30% 22 24 25 26 27 28
40% 17 19 20 21 22 23 `
50% 13 15 16 17 17 18
60% 10 11 12 13 13 14 Outcome You can retire by age 40
70% 7 8 9 9 10 11 And if you save `30,000 per month
(60 per cent of your salary) and follow
*Adjusted for inflation the same steps, you can retire by 36!

12 Mutual Fund Insight October 2024

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 FUND RADAR

Getting away from the

madding market
About half of balanced advantage funds reduced equity exposure amid a bull run
By Pankaj Nakade

T
he Indian market is bubbling over with Funds that have softened on equity significantly
excitement, and almost every company and Dec '23 equity Jul '24 equity
Fund name allocation (%) allocation (%)
investor is dancing their way to the bank. Yet,
there’s a category of funds that has started taking a
more measured approach: BAFs (balanced advantage
Quant Dynamic Asset
funds). These hybrid funds are designed to adjust 96.6 77.8
Allocation Fund
their asset allocation as per market conditions,
offering protection from significant downturns.
The most recent examples of their resilience could
be seen in June and July. On the day of the Lok Sabha
election result in June, the broader equity market Nippon India Balanced
(Nifty 500) tripped 6.8 per cent against BAFs’ just 70.6 51.8
Advantage Fund
3.8 per cent. Similarly, in July, the market went off
the boil due to the Japan Yen carry trade incident,
falling more than double that of the average BAF.
So, why did the BAFs fall less? Broadly speaking,
they use two strategies to pull the handbrakes during SBI Balanced
45.8 31.5
a falling market: asset rebalancing and hedging. Advantage Fund

Asset rebalancing
BAFs adjust their exposure to equity and debt based
on market valuations, interest rates and other
macroeconomic factors. For instance, when the equity DSP Dynamic Asset
41.0 30.1
market is riding high and stock valuations are Allocation Fund
stretched, BAFs may reduce their equity exposure
and increase their allocation to debt or derivatives.
The opposite is true, too. When the market is low,
they may turn their attention back to equity.
You must not confuse BAFs with aggressive hybrid Baroda BNP Paribas
65.4 54.9
Balanced Advantage Fund
funds, though. While some BAFs do behave like
aggressive hybrids by maintaining an equity
allocation above 65 per cent for tax efficiency, they
can be more defensive than them.

Shriram Balanced
Hedging Advantage Fund
69.9 59.5
One of the key reasons BAFs weather market storms
better is their extensive use of hedging strategies.
While other hybrid funds might reduce equity and
Only funds that reduced net equity exposure by more than 10 per cent are considered
increase debt to protect their portfolio, BAFs have

14 Mutual Fund Insight October 2024

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 Turning cautious
BAFs dial down on equity Remember we said at the outset that BAFs have not
been swept by the market mania? That’s right. About

6
Reduced net equity
8
Reduced net equity
15
Under 5% net equity
half of them have, in fact, substantially reduced their
net equity allocation over the past seven months.
Quant and Nippon’s BAFs have pared their equity
exposure the most, while SBI and DSP have gone ultra-
allocation by >10 % allocation by 5 to 10% allocation change
defensive. However, it's important to note that DSP has

9 20
a history of wide fluctuations in its equity allocation.

The last word

Funds below 50% net Funds over 50% net Since BAFs have cushioned the downside recently and can
equity exposure equity exposure be viewed as bellwether funds, we suggest you consider
Only funds with at least a one-year history are considered. Change in equity allocation one of them that avoids extreme oscillations across equity
from last December to this July. Current net equity allocation as of July 31, 2024. and debt and moves within a narrower range.
That said, we at Value Research prefer funds with static
another ace up their sleeve. They hedge a portion of allocations, like aggressive hybrids or conservative hybrids,
their equity holdings using derivatives. This approach because they provide greater visibility and predictability.
provides two main benefits: it protects against Moreover, unlike BAFs, static allocation funds eliminate
downside risks during market volatility and offers a the risk of accurately forecasting market movements,
tax advantage by maintaining higher equity exposure. whether model-driven or based on human judgment.

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on all these learnings, we have But we don’t stop at Whether you’re consolidating
created a new service in a new recommendations. Our platform scattered investments or seeking a
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It does everything. By combining directly, ensuring a smooth held portfolio, our import feature
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and learning into one seamless This integration of advice and organised and effective investment
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is at the heart of our mission
to simplify and enhance your Continuity of your existing Leaving the hard work to us
investment journey. investments I’ve always believed that
At the heart of it is a full- Most investors are not starting successful investing shouldn’t be
fledged experience of being from scratch, and we understand an investor’s full-time job. That’s
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of managing your savings and seamless process to import and Value Research Fund Advisor, you
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significant advantages is its when you join us. Our intelligent with what truly matters to you.
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monitor the performance of
Our system analyses your financial goals, risk every investment against a
benchmark to help you weed out
tolerance and market conditions to recommend a the laggards.
tailored investment strategy This approach frees you from

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the burden of constant research your entire portfolio at a glance plan. This underscores
and decision-making, allowing and understand how each fund our commitment to holistic
you to focus on what you do best contributes to your overall financial planning that considers
while we handle the intricacies of financial health. the interconnected nature of
fund management. We also provide premium family finances.
updates and portfolio alerts,
A trusted guide in your informing you of significant Becoming a master investor
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Trust is paramount in financial that could affect your investments. become a master investor. This
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We’ve earned our reputation as Perhaps most importantly, we confidence to make informed
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Our platform doesn’t just offer highest fees for us. We do charge Our platform, traditionally
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 READERS’ VOICE

Letters to the Editor’s Note

Your response to the August 24 editorial ‘Nooks and corners of the NPS’

D
hirendra Kumar’s Editor’s Note on NPS (National Pension System) Tier 2 taxation, published on
August 24, received significant feedback from readers. The thoughtful responses underscored the impor-
tance and relevance of the topic. As a gesture of appreciation, we dedicate this section to our valued
readers, whose insights help enrich these discussions.

Summary
A couple of weeks ago, in a column on mutual fund using Tier 2 as a tax-saving instrument under Section
taxation, I mentioned that NPS Tier 2 could be treated 80C, but it requires a three-year lock-in, and it’s hard to
like a low-cost mutual fund. That statement wasn’t say how many actually use this option.
entirely accurate. While you can invest and redeem Rather than seeing Tier 2 as a mutual fund alterna-
from Tier 2 funds much like you would with mutual tive, it’s best viewed as an additional contribution
funds, the taxation rules differ significantly. Since towards your pension, with more liquidity than Tier 1.
Tier 2 isn’t specifically mentioned in the tax code, it You can let it accumulate and eventually use it to
falls under the general category of ‘income from other enhance your pension or withdraw as needed. While
sources.’ This income is added to your overall earn- the returns are taxed, the full liquidity makes it useful.
ings in the year of realisation and is taxed at your As most NPS members know or should know,
marginal rate. Unlike mutual funds, NPS Tier 2 Tier 1 money isn’t completely illiquid. Partial with-
doesn’t offer tax advantages. However, it’s not as bad drawals are permitted for specific purposes such as
as interest income, which is taxed annually. In Tier 2, children’s education, weddings, home purchases or
the money accumulates until you redeem it, which medical emergencies. Interestingly, NPS also allows
allows for some compounding of gains. withdrawals for skill development or starting a new
There’s a twist, though. NPS allows a one-way switch venture. I’m not sure how many people use these
from Tier 2 to Tier 1, meaning that at retirement, Tier 2 provisions, but their existence is noteworthy.
funds can be treated like post-retirement NPS withdraw- The takeaway here is that the National Pension
als. This allows 60 per cent of the withdrawal to be tax- System has grown into a complex structure with
free, with the remaining 40 per cent used for purchasing many facets, which most people aren’t fully aware of.
an annuity, which is taxed as income in subsequent Despite this complexity, its basic utility remains valu-
years. Government employees also have the option of able for almost everyone.

What our readers say

Read today’s newslet- Thank you for sharing insights on the NPS The write-up
ter. It is very Tier 2 account. I was thinking about moving about nooks
informative about the funds from Tier 2 to Tier 1 account, but and corners of
NPS Tier 2.Thanks there was no clarity on whether there is any NPS provides
for penning and tax liability on the transfer. Even the PoP an interesting
sharing the (intermediary) was not sure. (However) Now I piece of informa-
newsletter. know that I can move the funds to the tion. Thanks.
Mayank Tier 1 account anytime. Lalit Neelam
N Kamdar Tiwari Bhardwaj

20 Mutual Fund Insight October 2024

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Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.
 READERS’ VOICE

A very insightful I have been using NPS since 2016 unlike Tier-1, where it is restricted to
article. As for the additional `15,000 tax break 75 per cent.
you say, most and started contributing to Tier 2 in Your note on the taxation part
of us really 2020. I have added `XX lakh to applicable to Tier 2 withdrawal is
might not be date in Tier 2, thinking of this useful, and I will be careful on future
knowing this as a mutual fund alternative, plus additions to Tier 2.
if you didn’t liquidity, plus a one-time transfer to Thanks for writing informative
point it out. Tier 1 upon maturity. notes on personal finance.
Thank you One good part of Tier 2 is that you Rishabh
for sharing. can allocate 100 per cent into equity, Agrawal
Dr Shreyas Gandhi

Your note on
NPS is an
eye-opener
regarding
switching
from Tier
2 to Tier
1. Really
appreciated.
R Ramesh Kumar

Thanks for
your perspective
related to
NPS Tier 2
investments.
Soumitra
Chakraborty

Illustration: Anand

Your expert The note on NPS Tier 2 was Thanks a lot for the detailed
advice in interesting. My viewpoint: if liquidity report on NPS. It was
financial matters is not a concern, then why bother to thoroughly well written,
is excellent. open a Tier 2 account and remember covering all aspects of NPS.
I was not aware to switch at the time of redemption? It was crisp and well
of these clauses Simply put the money in the Tier researched. Looking forward
in NPS. 1 account. In either case, your to reading many more
Thanks for contributions above `2 lakh will not perspectives on Saturday.
enlightening earn you any rebate. Let me know Thanks, Dhiren.
the masses. if you think otherwise. Sai Sankar
Dr JP Chugh Mayank Gupta Kunnathukuzhiyil

22 Mutual Fund Insight October 2024

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 BACK TO BASICS

Asset allocation through life

A
s you progress through life, your financial goals Fifties: Shift towards safety
and needs will naturally evolve. The investment With retirement on the horizon, it's
strategy that worked in your 20s might not be time to reduce risk by shifting
appropriate as you near retirement. Adjusting your asset focus from growth to preservation.
allocation – the mix of investments in your portfolio – is Accordingly, reducing your equity
essential for long-term financial success. Here's how your allocation can be a preferred
strategy should change from early career to retirement. option. Large-cap funds and
balanced advantage funds categories
Twenties to early thirties: Embrace risk may offer stability on the equity side. A balanced
With retirement far off, you can take on advantage fund, also known as a dynamic asset
more risk for potentially higher returns. allocation fund, dynamically manages the asset
Your portfolio may lean towards allocation between equity and debt depending on
equity. You might consider a mix of market valuations. This scheme seeks to reduce
large-cap and mid-cap funds. While volatility by diversifying assets across equity and
large-cap funds invest in the top 100 debt instruments. On the debt side, exposure to
stocks, mid-cap funds invest in the next government securities may be considered.
150 stocks, as classified by AMFI based on market
capitalisation. It is preferable to opt for the SIP (systematic Sixties and beyond: Preserve and generate income
investment plan) route wherein you can start with an At this stage, the primary goal is to
amount that fits your budget but be sure to step up your preserve capital and generate regular
contributions as your income grows. income. It is better to maintain some
On the debt side, focus may be on EPF (Employees' equity exposure to combat inflation
Provident Fund) and PPF (Public Provident Fund) for by sticking to large-cap and balanced
security. Additionally, you can build an emergency fund advantage funds.
with 3-6 months of expenses by investing in liquid funds. Set up an SWP (systematic
withdrawal plan) for regular cash flows.
Late thirties to forties: Balance and prepare SWP automatically redeems a set amount from your
You might be planning for significant life events like mutual fund investments and transfers it to your bank
buying a house or funding your children's account on a chosen date. For debt, instruments like
education. At this stage, equity SCSS (senior citizen savings scheme) and good quality
exposure may be considered towards a short-duration debt funds may be considered.
mix of large-cap funds and multi-cap Finally, for all age categories, stay flexible and adjust
funds for stability and growth. As per your strategy based on significant life events or market
the SEBI circular on categorisation and shifts. Asset allocation may differ based on the
rationalisation of mutual fund schemes, investment horizon, risk tolerance level of each
multi-cap funds invest at least 25 per cent individual investor and various other factors.
each in large-, mid- and small-cap stocks. Further, on the The above references to schemes are generally for
debt side, you can continue with EPF and PPF and also reference purposes. Consult your financial advisor
consider adding quality corporate bond funds. before investing.

Mutual Fund investors need to complete the Know Your Customer (KYC) process, which can be done by submitting completed KYC Form along with the required documents
at any AMC’s branch Office or Official Points of Acceptance. Please refer https://niveshguru.licmf.com/KYCredressal.aspx to know about KYC documentary requirement,
procedure for change of address, phone number, bank details etc. The investors are cautioned to invest only with SEBI registered Mutual Funds, the details of which can be
verified on SEBI’s website under ‘Intermediaries / Market Infrastructure Institutions’ (https://www.sebi.gov.in/intermediaries.html.) For any complaints and grievance redressal,
investors can contact the Investor Relations Officer of the respective AMC and if not satisfied with the resolution given by the AMC, he/she can approach SEBI by registering
the complaint on SEBI SCORES Portal (https://scores.sebi.gov.in/) and/or escalate the compliant through Online Dispute Resolution Portal (https://smartodr.in/login).
MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.

Mutual Fund Insight October 2024 23

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 PERSONAL FINANCE INSIGHT

The better way to hold

your mutual funds
SoA trumps demat in affordability and flexibility. So, switch.
By Pranit Mathur
remain unaware that your mutual

A
staggering 9.34 crore Indians fund investments are held in one of Demat vs SoA: Which
are investing in mutual funds two ways – demat or SoA (Statement is better?
through SIPs (systematic of Account).
Demat
investment plans), according to SoA is the traditional way of
AMFI's (Association of Mutual Funds holding mutual fund units. This Pros

in India) July 2024 report. This method lets you interact directly
Q It tracks all your investments in a
single account.
number reflects an increase in with the fund house to manage
financial awareness and a collective your investments. Cons
Q Various charges (account maintenance,
drive towards financial Demat accounts allow you to hold
transaction, opening, etc.) are applicable.
independence. Yet, many investors various types of investments, such as Q All mutual funds may not be available on
stocks, bonds, mutual funds and investment platforms.
ETFs (exchange-traded funds), Q Some investment platforms may not
in one place, simplifying provide access to direct plans, which
tracking and management could lead to significant long-term losses

of your portfolio.
SoA
However, it's
important to Pros
Q Investors deal directly with the AMC,
understand that a
providing more flexibility. You can invest
demat account is not through the mutual fund’s website, the
required for mutual RTA office or the MFCentral website.
fund investments. If Q Features like SWP (systematic withdrawal
you are only plans) and STP (systematic transfer
plans) are readily available.
investing in mutual
Q Since no DP (depository participant) is
funds in a demat
involved, no charges are applicable.
account, you Q
Investors gain access to direct plans,
might be paying leading to significant savings over time.
unnecessary Cons
charges, like Q Need to track investment performance
account separately, as very few platforms,
maintenance including ours, provide comprehensive
investment tracking in one place.
fees, which
could be
avoided by Q
You are approaching a long-term
opting for a goal and will use SWP (systematic
different withdrawal plan) to protect your
holding hard-earned corpus from short-
method. term market volatility.
So, SoA Q
You have a large stash of cash and
is better if: will use STP (systematic transfer

24 Mutual Fund Insight October 2024

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 1 How to switch to SoA?
If your funds are held in demat
and you want to switch to SoA,
here’s what you need to do:
Step 1: Contact your DP
(Depository Participant), the
entity managing your demat
account. You'll need to fill out a
Rematerialisation Request Form
(RRF) for each mutual fund you
wish to rematerialise. The form
will require details like your BO
(Beneficiary Owner) ID, the name
2 of the holders and the number of
units you wish to convert to SoA.
(BO ID is like your account
number).
Step 2: You'll need to attach self-
attested copies of your address
proof and PAN card.
Step 3: Your DP will verify the
details in your form and send it to
the fund house or the RTA
(Registrar and Transfer Agent).
Upon successful verification, the
3 RTA or the fund house will
transfer your investments to SoA.

Key points to remember

before switching
Q
You need to stop your SIPs
before deciding to switch to SoA.
Q
Pledged mutual fund units
cannot be converted.
Q
You must transfer all your
mutual fund demat units into SoA;
partial conversions are not
plan) to effectively spread your Account Statement (CAS) from an allowed. For example, if you own
investment over some time. authorised portal like MFCentral.com. 100 units, you cannot choose to
Q
You wish to appoint separate Here’s how you can do so: switch just 70-80 units.
nominees for separate funds. Q
After logging in to your MFCentral Q
Your DP may charge fees to
Q
Or, if you plan to invest in direct account, go to the 'Statement' section process your request. The charges
plans of mutual funds, which will in the screen's lower left corner (see may vary depending on your DP.
help you earn significantly more in screenshot 1). For example, Zerodha’s website
the long run. Q
Select the toggle button titled lists a fee of `150 for each
‘Consolidated Account Statement’ conversion, plus a courier charge
Do you have demat or SoA? (see screenshot 2). of `100.
To check in which mode your mutual Q
You can view your mutual Q This process can take up to

fund investments are held, you need fund holdings in both SoA and 30 days, as per NSDL, a depository
to download the Consolidated demat modes (see screenshot 3). that stores securities digitally.

Mutual Fund Insight October 2024 25

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 INTERVIEW

V ‘Our buy-and-hold
init Sambre is a seasoned
fund manager with over
two decades of experience
in the equity markets. He
joined DSP Mutual Fund in 2007 and
is now the Head of Equity, overseeing
the DSP Focus Fund, DSP Midcap
Fund and DSP Small Cap Fund, with a
strategy hasn’t
combined AUM (assets under
management) of `38,692 crore.
Sambre is well-regarded for his
expertise in identifying opportunities
worked well in
within the mid- and small-cap
segments. However, the performance
of the DSP Midcap and DSP Small
Cap funds has dwindled lately. In a
mid-cap fund’
conversation with Value Research, DSP’s Vinit Sambre explains
Sambre addressed this
underperformance, noting, “Post- the reasons why their mid-
Covid, the sectoral rotations have and small-cap funds have
been quite quick, so we could
not capture well due to our buy-and- underperformed
hold approach.”
He also elaborated on his
investment philosophy and outlook
on the current market. Here is an
edited transcript of the interview.
Net assets managed across
three pure equity funds
As a CA (chartered accountant), you
had the option to dive into auditing or `38,692 crore
taxation. What pulled you towards
Market-cap mix
the equity markets? Was there a
specific moment or experience that Mid cap 54%
made you realise your calling?
You are right in a way, and the
decision to come to the equity market
Large cap Small cap
has worked out well. I finished my
16% 30%
chartered accountancy in 1997. Even
AUM and market-cap mix as of
my father was a CA. I did my July 31, 2024.
articleship with him and did auditing
and taxation work. After my
articleship, I wanted to explore a
different field, as the traditional work
had become somewhat monotonous.
So, I embarked on a quest to
explore something new. During the
initial phase, I got an interesting
opportunity to work for CRISIL in
their research division on a
VINIT SAMBRE
retainership basis. Working there got Head of Equity, DSP Mutual Fund

26 Mutual Fund Insight October 2024

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me excited in the field of equity, as I of management and reasonable
learned something new every day. I Performance report valuation. Our goal is to own good
was studying new companies and In % businesses for the long term. We are
different sectors, which I found quite DSP Focus Fund looking at businesses that have a long
interesting intellectually. Along the Managing since June 2020 runway for growth and strong and
way, my father was also investing in sustainable moats. We periodically
Fund 28.1
the equity markets, but his success assess the relevance of the moats,
was hindered by the reliance on ‘tips’ Category average 29.6 which ensures the sustainability of
for investment decisions. Therefore, BSE 500 TRI 30.6
premium valuations for the investee
it was a challenge for me to companies. Further, we look at
determine what drives success in this capital-efficient companies with
field – tips or something else. All
DSP Midcap Fund positive free cash flow. Our threshold
these factors combined prompted me Managing since July 2012 for ROCE (return on capital
to pursue equity research, which has Fund 20.0 employed) is 15-16 per cent.
panned out quite well for me. On quality of management, we
Category average 21.1
scrutinise the capital allocation
BSE 150
The Indian markets seem to be on a 21.7 decision in detail. We delve into
MidCap TRI
relentless rally, even when global the history, spanning a period of
cues aren’t exactly favourable. From DSP Small Cap Fund approximately five to 10 years, to
your perspective, what’s really driving Managing since June 2010 examine the capital allocation
this: investor sentiment, strong decisions of the management. This
Fund 20.1
fundamentals or a mix of both? is a crucial factor as it determines
I feel there is a bit of a disconnect in Category average 18.6 the future success or failure of
the market right now. This kind of BSE 250 any company.
13.2
SmallCap TRI
linear up-move in the last eight When it comes to valuation, we
years, without any single year being Data from the date the fund came under current like to own businesses at reasonable
management to August 31, 2024. For DSP Focus Fund,
down, as far as Nifty is concerned, is returns and category averages reflect direct plans;
valuations, but sometimes, if the
quite unusual if you consider the otherwise, regular plans are considered. valuations look extended, we look for
long history of the equity markets, businesses in low to mid cycles with
both in India and abroad. influencing investors’ decision to visible signs of recovery. These are
Equity markets tend to remain invest in equity markets. The sharp some important metrics we follow as
volatile, characterised by periods of rise in flows has meant that some part of our investment philosophy.
high performance followed by parts of the markets seem to have
periods of correction and entered frothy levels of valuations. The DSP Midcap Fund hasn’t been
consolidation. In the long term, the Therefore, we recommend that able to outperform its peers since
direction of the markets is investors adopt a cautious and long- 2020. What is holding it back,
determined by the fundamentals. So, term approach towards investing and and how do you plan to make
currently, if you’re wondering refrain from assuming that just a turnaround?
whether the market is driven by because the markets have produced Let me give some background on the
fundamentals or sentiments, I would these returns over the past three overall fund performance. Most
say it’s a combination of both. years, they will continue to produce active fund managers who adhere to
Following the Covid crisis, similar returns in the future. a strong philosophy have
fundamentals have improved experienced high and low cycles
considerably across the board, which What’s your investment philosophy depending upon the phase of the
has lifted sentiments and captured and core approach when managing market. For us, the underperformance
the interest of investors. equity portfolios, especially in the began at the end of 2020, which
In recent years, we have also mid- and small-cap space? pulled down our long-term
observed a sharp increase in retail I have adhered to a simple performance. Our philosophy of
investors beginning to trade in the philosophy since I began managing focusing on high-quality businesses,
equity markets. The sharp move in money. I look at three important the buy-and-hold strategy and low
the last two to three years is metrics: quality of business, quality churn have not worked so well in the

Mutual Fund Insight October 2024 27

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 INTERVIEW

last three years. Post-Covid, the story for the consumer sector in
sectoral rotations have been quite India. However, within this sector,
quick, so we could not capture well there are various subcategories like
due to our buy-and-hold approach. retail, QSR (quick service restaurant),
Further, our exposure to building materials, autos, etc., with
defensive businesses like different factors affecting their
healthcare or specialty chemicals growth cycles. We monitor these
also hurt our performance. Some factors and optimise our exposures
of our own misses, like not having according to their growth cycles.
adequate exposure to segments Over the last two years, we have
that were benefiting from the sized up our exposure to the Auto
investment climate, contributed to sector within the consumer
our underperformance. These were (On mid-cap fund’s discretionary space, which has
the reasons that led to the proven to be effective as they
underperformance of the DSP
underperformance) recovered from their Covid lows.
Midcap Fund. Post-Covid, the sectoral Similarly, we had reduced exposure
Another notable point is that rotations have been to the QSR segment as they
when we compared the DSP quick. We couldn’t witnessed moderation in growth after
Midcap Fund to the Nifty mid-cap the sharp growth seen during Covid
capure it due to our
quality index (Nifty Midcap150 times. Our effort is to identify these
Quality 50), we were quite okay in buy-and-hold approach cycles so that we can adjust our
terms of performance in the last exposures accordingly.
three years. Therefore, we can take Further, when it comes to
solace in the fact that, on quality The DSP Small Cap Fund hasn’t had Consumer (non-discretionary) or the
factors, we have shown satisfactory a great run, too, since 2022. What FMCG sector, it has witnessed a
outcomes. Our ultimate objective is do you think went wrong, and are slowdown post-Covid due to stress
to outperform our benchmark, the there any new strategies to improve among the lower-income group and
Nifty Midcap 150, and the past its performance? rural population. The commentary
year or so has marked a period of The underperformance of the DSP from some of these companies’
improvement for us. We have been Small Cap Fund is broadly due to management suggests early signs of
gradually recovering from the lows. similar reasons. Yet, it has not been as recovery, given better monsoons and
We are seeing that some of the deep as the DSP Midcap Fund. DSP controlled inflation. So, we are
businesses that had underperformed Small Cap Fund is more diversified or seeing a reversal in the trend now.
or led to underperformance of our broad based, benefiting from the Within Materials, our exposure
portfolios are recovering, like broad-based rally in the market. Like is to companies catering to building
healthcare or companies within the our DSP Midcap Fund, some of our materials and agri-sectors. The real
materials category, for example, high conviction bets in the small-cap estate sales over the last three years
pipes, agri-inputs, etc., which is portfolio show signs of recovery, has seen remarkable improvement,
gradually helping our portfolio now. further giving us confidence about its which is likely to flow down to the
In the long term, the markets performance going forward. building material companies as
will eventually follow the projects reach the delivery stage.
fundamentals, which gives us You’ve been bullish on sectors like Similarly, as mentioned earlier, the
confidence in our ability to Consumer discretionary, Chemicals last two years were not so great for
produce satisfactory outcomes for and Materials in your mid- and the agri-sector; even globally,
our investors. Some low-quality or small-cap portfolios, even though things have been bad. We are
narrative-based companies within they’ve struggled over the last few seeing signs of recovery now due
the index should see correction; years. What’s the reasoning behind to better monsoons and lower
good-quality companies will this confidence? inflation. Hence, we have
bounce back, and we feel the Given our demographics, we are continued with our positive
performance gap will narrow. believers in the long-term growth stance on this sector.

28 Mutual Fund Insight October 2024

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 INTERVIEW

‘Many funds in Net assets managed across

three pure equity funds
`3,701 crore

India will follow Market-cap mix

Mid cap
27%

factor-based Large cap Small cap

investing 60% 13%

AUM and market-cap
mix as of July 31, 2024.

in 5-10 years’
Bhavesh Jain of Edelweiss AMC
also sheds light on the potential
challenges related to factor investing

F
actor investing, a widely recognised
strategy in global markets, is now steadily
gaining traction in India. Bhavesh Jain,
co-head of factor investing at Edelweiss
Mutual Fund, anticipates a significant shift in the
investment landscape over the next 5-10 years,
expecting many traditional funds to transition
towards rule-based and factor-driven approaches.
In this insightful interview, Jain breaks down
the concept of factor investing, discusses how he
leverages various factors in his investment
strategy and highlights the potential challenges.
Additionally, he shares the strategic outlook and
exit approach of Edelweiss Recently Listed IPO
Fund. Here’s the edited excerpt.

As the co-head of factor investing at Edelweiss

AMC, can you explain what is factor investing and
how is it different from traditional strategies?
In equity markets, most people are aware of
various investment styles, such as growth and
value. However, factor investing may come across
as a sophisticated investment style primarily

BHAVESH JAIN
Co-Head – Factor Investing, Edelweiss Mutual Fund

30 Mutual Fund Insight October 2024

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focused on numbers. fund houses is consistency of growth
For investors, the main ingredients Performance report and momentum.
to make returns are quality, growth, In %
value, momentum or volatility. At Edelweiss Business Cycle Fund Different funds have different
Edelweiss Mutual Fund, we refer to Managing since July 2024 investment mandates, so how does
these styles as ‘factor investing’. investing factor into such scenarios?
Simply put, if you have to choose Fund 1.1 Yes, as you rightly pointed out,
between two stocks that are similar Category average 0.7 different funds have different
in every aspect, you should choose BSE 500 TRI 1.0 mandates. So, in the Business Cycle
the one growing faster. This is Fund, it has more to do with the
because a stock with faster growth is sector rotation. For a product such as
Edelweiss Recently Listed IPO Fund
likely to yield higher returns in the a balanced advantage fund or even a
Managing since February 2018
future. So, growth is a factor here. large-cap fund, the focus will
Similarly, if two companies are Fund 17.6 primarily be on quality and growth
giving similar returns, you will prefer Category average 17.4 as the key factors. Regarding
the one with lower volatility. In this BSE 500 TRI 16.9 aggressive funds, the factor will be
case, we take volatility into account. value and momentum. The beauty of
Again, if you’re trying to find a factor-based investing is that you can
multi-bagger between a company Edelweiss Large Cap Fund have a bucket or basket of each and
with a market cap of `20 lakh crore Managing since October 2021 every factor and market cap. So, you
or `2,000 crore, you would choose can control your input depending on
Fund 18.9
the company with a lower market what kind of output you want. Such
Category average 17.5
cap. Therefore, size plays a strategies also help us manage more
BSE 100 TRI 16.5
significant role in stock selection. assets with fewer people. Today, a
Factor investing is a well-known team of five members can manage
Returns and category average of direct plans. Data from
phenomenon in global markets. In the time of managing the fund to August 31, 2024. Only assets worth `35,000 crore because
our markets, it has seen great actively-managed pure domestic equity funds have everything is rule-based, and we can
been considered.
acceptance in the last 3-4 years. But I track investments easily.
think in the next 5-10 years, you’ll A fundamental fund manager or
see many funds changing the market, and we expect that for the analyst, on the other hand, can track
traditional investment style and next 15-20 years, it can remain one only about 50-60 stocks in a portfolio
moving to more rule-based and of the fastest-growing economies in at best. So, suppose we have the
factor-based investing. the world. Given this context, we NSE 500 as the universe or any other
heavily prioritise a growth-based benchmark. It becomes easier to
What key factors do you focus on? strategy in our stock selection. We manage because everything is based
How do you determine their rank all companies based on growth, on rules, and then that rule can be
relevance and potential for which can include growth in sales, tweaked to manage all kinds of
generating alpha? EBITDA, PAT and EPS. products and investments. We can
Factor-based investing extends The next filter is to look at the manage everything based on
beyond stock selection, serving consistency of that growth. In the philosophies such as stock selection,
multiple purposes. You can use it for Edelweiss Business Cycle Fund, we asset allocation and sector rotation.
both stock selection and asset prioritise growth, quality, value and
allocation. For example, we use factor momentum. Momentum instils What risk management practices do
investing in our Balanced Advantage confidence that those stocks that you have in place to mitigate these
Fund for asset allocation and our have been performing well over the potential downsides?
Business Cycle Fund for sector past few months will continue to do The biggest risk of factor-based
rotation. So, factor-based investing so in the future. That’s why we investing is that you don’t dive deep
can be used in multiple ways. prioritise momentum as a strategy in into the fundamentals of a single
When focusing on a specific some of our selected funds. So, you company. If a fund manager
factor, we choose to prioritise growth. can say that the key factor that examines an FMCG company from a
This is because India is a growth differentiates Edelweiss and other fundamental perspective, they will

Mutual Fund Insight October 2024 31

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 INTERVIEW

assess the company’s sales growth, within the mutual fund industry
identify the fastest-growing segment with an IPO theme.
and forecast future events and We invest in all the upcoming and
valuation trends over the next three to (On selecting stocks for last 100 IPOs listed on the main board
four years. However, when it comes to Edelweiss’s IPO Fund) (BSE or NSE) through this fund. We
factor-based investing, we can track We consider many always deploy 80 per cent of the
500 companies using a ranking factors, particularly if a assets in the last 100 IPOs as per our
methodology. The risk arises from mandate. So, on the selection
tracking 500 companies, as we are not
company will experience question, we, as a fund house, have
delving deeply into them. There can secular or cyclical the opportunity to meet the lead
be issues related to corporate growth. Based on this, managers, the investment banker who
governance, liquidity, balance sheet or we decide whether to is coming up with the IPO and even
some sector-specific news that can the company’s management. We also
invest in its IPO or not.
take a big hit on your factor-based visit the company’s plant, factories
portfolio. That’s why, as a risk and offices, which gives us access to
management tool, we have extremely occupy the 50th spot. Similar to the more information than a typical retail
well-diversified portfolios. growth rankings, we also rank stocks investor. Hence, our selection process
As already stated, we don’t restrict based on EBITDA and PAT, following is significantly superior to that of a
ourselves to a single factor and have the same methodology as the growth typical individual investor.
portfolios of 50-60 stocks rather than rankings. Then, we compute the While evaluating any company, we
a concentrated portfolio. In addition, momentum score and average this consider various factors, the most
our risk management team actively rank. The stock with the highest crucial of which is whether it will
excludes certain stocks based on return over the past three months will experience secular or cyclical growth.
their analysis. They scrutinise rank first in the momentum score and Based on this, we decide whether to
promoters’ track records, corporate the one with the lowest return in the participate in the IPO.
governance, leverage and stock last three months will be ranked 50th.
liquidity. Our risk team may blacklist We similarly rank them over their What’s the typical holding period
40-50 stocks at a given point in time 12-month returns, too. We then for stocks in this fund? Under what
out of the 500 companies in our calculate the average of the three- circumstances do you exit a stock?
universe which we cannot purchase month and 12-month ranks, The primary reason to divest is a shift
in any of our funds. So, in a way, we providing us with the momentum in the management’s stance. So, if
are trying to eliminate stock-specific rankings. So, let’s say we have a during the IPO, they say they’re
risks in our portfolio. Apart from mandate to create a portfolio that raising money for something and
that, various other risk management prioritises growth. We then select the within six months they use the money
practices have been put in place to top 25 stocks. From those 25 stocks, I for something else that is likely to
mitigate the downsides. will select 10 stocks that exhibit the impact profits, we exit. Our holding
most robust momentum. As you see, period is typically 2-3 years, as 35-40
Since you don’t deep dive into any we are not making any predictions new IPOs enter the market every year.
particular stocks, how do you select about the future. We are just ranking Secondly, we exit a stock if there’s
them for the various equity funds? based on historical growth and some negative news or a corporate
To give an example, suppose I want to returns. This is our 10-stock portfolio governance issue in the portfolio
select 10 stocks from the Nifty 50 of growth plus momentum. company. This isn’t only applicable to
companies based on the growth or the IPO fund, though. Even when we
growth plus momentum factor. Firstly, Can you give us an overview of the reach our price target, we withdraw
after every quarterly result, we will Edelweiss Recently Listed IPO Fund’s from that stock and in some instances,
get growth numbers (basically sales strategy? How do you evaluate IPOs the prices surge significantly beyond
growth) for all 50 companies. Thus, and select stocks for this fund? fundamentals. We can exit in various
we will rank the stock with the We launched this fund in ways, but the most crucial is if we
highest sales growth first, while the February 2018 as a closed-ended find a better opportunity, either due to
stock with the lowest growth will fund since it was the first product valuation or growth potential.

32 Mutual Fund Insight October 2024

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 Scheme Riskometer To Know More
Bandhan Business Cycle Fund Scan the QR Code
(An open ended equity scheme following a business cycle based investing theme)
This product is suitable for investors who are seeking*:
• To create wealth over a long term.
• Investment predominantly in equity and equity related instruments of
Investors understand that companies following business cycle based investment theme.
their principal will be at ,QYHVWRUVVKRXOGFRQVXOWWKHLUƬQDQFLDODGYLVHUVLILQGRXEWDERXWZKHWKHU
High risk
the product is suitable for them.

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related documents carefully.
 COVER STORY

By Ashish Menon, Karan Jaiswal and Pankaj Nakade

34 Mutual Fund Insight October 2024

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R
etirement is often seen as a time for
exploration, self-discovery and self- NPS tax benefits lead to larger retirement corpus
fulfilment. Such romantic notions may need Over 15 years, the NPS would have built a 34 per cent larger corpus
a revision. We may be sitting on a ticking
NPS Mutual funds
time bomb called ‘retirement’. Around 20 per cent of
India’s population is set to turn 60 by 2050. Yet,
75 Equity Portfolio
75 Large-cap fund
according to the 2022 India Retirement Index Study,
80 per cent of 3,220 urban respondents feared 12.5 Corporate bonds allocation 12.5 Corp. bond fund
(%)
exhausting their savings within the first 10 years of 12.5 G-secs 12.5 Gilt fund
retirement. Even more alarming, 37 per cent hadn’t
even started planning for their retirement. Amount
`47.6 lakh invested `45.4 lakh
These numbers are hardly shocking. Until recently,
retirement education criminally flew under the radar.
Given our cultural antecedents, where children were
expected to care for their parents and pension was Post-tax
corpus after
predominantly guaranteed for most employees until 15 years
the 90s, many households did not prioritise
`1.22 crore `91.3 lakh
retirement. Even now, the pecking order is way down.
It comes after buying a home and financing children’s Assuming a starting year salary of `6 lakh and an average salary increment of
10 per cent every year
education and weddings. As such, many plan for
retirement at a much later age, if at all. But with
rising costs and high inflation, building a retirement contribute up to `7.5 lakh annually to the NPS
kitty from an early age is no longer optional. without any tax liability.
You might have heard of NPS (National Pension On the other hand, with mutual funds – another
System). It came into existence in 2004 (2009 for viable option for retirement planning – tax deductions
private employees) and has been a game-changer are capped at `1.5 lakh annually. As a result, the NPS
since then. Instead of providing assured pensions, the would have accumulated a 34 per cent larger after-tax
NPS opened a larger world of equity to its corpus than mutual funds over the last 15 years,
subscribers. Since equity can deliver inflation-beating considering you invested 75 per cent of your money
returns in the long run, there’s now a stronger in equity funds and the rest split between government
likelihood of receiving a higher pension than what and corporate bonds.
was offered earlier. All a subscriber has to do is
contribute to the corpus. Yet, only 20 per cent of the Tax-free rebalancing
subscribers are private sector employees. This, Rebalancing is essential for long-term investors. It
despite NPS delivering higher returns and saving a involves periodically
massive amount in tax. adjusting stocks and
bonds in your
Tax-free contributions portfolio to align with
Being smart about taxes can further enlarge your your goals, risk and
retirement nest egg. market conditions.
The NPS can help Here, too, the NPS
you do that. has a leg up over
Contributions to the mutual funds. Sure,
NPS are tax-free in hybrid funds offer
two key ways: tax-efficient
z Up to 14 per cent rebalancing, but not
of your basic pay as efficient as the NPS. With NPS, you can adjust
contributed by your your portfolio up to four times a year without
employer is tax-free. incurring taxes under the ‘active’ choice. Under the
z Your employer can ‘Auto’ choice, your asset allocation automatically

Mutual Fund Insight October 2024 35

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 COVER STORY

an annuity, an
NPS ensures you pay no tax during rebalancing investment vehicle
With mutual funds, you pay `4.33 lakh in taxes that provides regular
taxable payments
Mutual
fund portfolio in retirement.
However, do note
Average
NPS fund that you don’t have to
withdraw the
60 per cent corpus all
at once. You can
`3.73 stagger your
crore
`3.83 redemptions until 75
crore
without any tax liability. If you choose to take this
route and stay invested in NPS, we advise dividing
the money equally between equity, government bonds
and corporate bonds.
Mutual funds, on the other hand, don’t offer tax
benefits on withdrawals. Equity mutual fund
withdrawals are subject to a 12.5 per cent LTCG
The average-performing large-cap, corporate bond and gilt funds over the last (long-term capital gains) tax, while debt fund
15 years are included in the mutual fund portfolio.
withdrawals are taxed at your income slab rate,
which could be a significant hit depending on your
changes based on your age. tax bracket.
The NPS’s more relaxed approach to rebalancing This makes NPS’s tax-free status more appealing
can help you earn a larger retirement war chest in the than mutual funds. For example, to enjoy your
long run. For instance, if you had invested 30 per cent current lifestyle in retirement, you’d need a `5 crore
of your salary in the NPS since 2009, included your NPS corpus. But with mutual funds, you’d need
employer’s 14 per cent contribution and maintained a `5.5 crore. If you think the `50 lakh difference is
75 per cent equity allocation, your investment would minuscule, think again. By 84, which is 24 years into
be worth `3.83 crore as of August 2024, with zero tax your assumed retirement, you’d run out of money.
on rebalancing, compared to `3.73 crore in mutual That can be brutal because you’d need about
funds and having to pay `4.33 lakh in taxes. `1.73 crore to sustain your lifestyle in your 84th and
Let’s take the example of hybrid funds, too.
Although hybrid mutual funds might save on
rebalancing taxes and offer a similar hands-off NPS extends your financial security in later years
approach, NPS offers more flexibility. With ‘Active’ Because with mutual funds, you run the risk of running out of
Tier 1, you can cherry-pick your managers and adjust money by age 84
annually, albeit with equity being capped at NPS Mutual fund
75 per cent. Its Tier 2 option, though, offers Retirement
100 per cent equity exposure and acts like low-cost corpus at 60 `5 crore
mutual funds for Tier 1 members. The NPS’s real
Asset 60% of the corpus One-third each in
upshot kicks in when you switch from Tier 2 to Tier 1 allocation One-third each in equity, large-cap fund,
before retirement. You will benefit from Tier 1’s tax- corporate bonds and corporate bond fund
free lump sum withdrawal. More on this in the government bonds. and gilt fund.
next section. 40% of the corpus
Annuity income

Tax-free withdrawal Corpus at age 84 `2.41 crore 0

Upon turning 60, you can withdraw 60 per cent of
SLW is done in a phased manner till 75. Annuity is purchased at 60. Life expectancy
your accumulated NPS corpus tax-free. The
is assumed at 85, withdrawal rate at 5.5 per cent and inflation at 5 per cent.
remaining 40 per cent of your money is used to buy

36 Mutual Fund Insight October 2024

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85th year. (Blame it higher. An annual
on inflation!) `1.5 lakh investment in
EPF for 15 years would
Straight and narrow have grown to a mere
For many mutual fund `44.4 lakh. The same
investors, impulses can investment in NPS
thwart their long-term would have topped
financial plans. An `73 lakh, a difference
increase in investment of almost 65 per cent.
gains may tempt their Worse, the redemption
finger to hover over the process in EPF can be
‘withdraw’ button. But every time they give in to that a hassle.
temptation, they essentially rob their future self,
snatching away potential gains. NPS vs UPS (for government employees only)
That is why NPS’s lock-in feature until 60 can be a For private sector employees, NPS is the clear choice.
blessing in disguise. As counterintuitive as it may sound, However, the recent introduction of the UPS (Unified
you can’t just cash out on a whim. You are in it for the Pension Scheme) for
long haul unless you need the money for special government employees
circumstances such as children’s education and marriage, has blurred the lines. If
purchasing a house or critical illness. you start a government
Moreover, the NPS offers two choices: Auto and Active. job with a salary of
You can choose from 11 Pension Fund Managers who `50,000 per month,
invest in equity, corporate bonds and government bonds, growing at 10 per cent
with equity investments limited to the top 200 companies per year, you could be
for added safety. Conversely, you encounter a supermarket eligible for a pension of
of mutual funds with over 1,500 funds available across 39 `42.15 lakh per year
categories offering equity, debt, commodities and hybrids. and a lump sum of
`49.18 lakh under UPS by retirement. To get the same
Better than employees’ provident fund pension under NPS, you’d need around `8.4 crore. Alas,
NPS outperforms government-backed fixed-income this target can be achieved just 18 per cent of the time
retirement plans like EPF (Employees’ Provident Fund). by a government employee despite using the most
While NPS and EPF involve regular contributions from aggressive simulations.
employers and employees and provide varying degrees of That said, the UPS has its demerits. For starters, UPS
equity exposure, the former’s returns are significantly and NPS differ in handling retiree deaths. UPS gives the
spouse 60 per cent of the last pension and stops it when
the spouse dies. Meanwhile, NPS allows fund transfer to
NPS builds 65 per cent more corpus than EPF heirs, corpus withdrawal and annuity. Second, the lump
Assuming `1.5 lakh invested annually for the last 15 years sum payment under the UPS is available only at
retirement. If you leave a government job before
`73.2 lakh retirement, you might not receive this lump sum. In
`44.4 lakh contrast, the NPS allows you to withdraw 20 per cent of
your corpus before age 60.
Last but not least, UPS is a newly-fangled pension
scheme. We need clarity on what will happen to the
existing NPS balances and how UPS will apply to those
who opt to switch. Therefore, it’s wise to wait for a
detailed framework before deciding.
So, opt for NPS, especially if you are a private-sector
Tier 1 NPS with 75 per cent EPF
equity exposure employee. Retirement can indeed be a period filled
with joy, exploration and self-fulfilment.

Mutual Fund Insight October 2024 37

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 CATEGORY REVIEW: Mid- and small-cap funds

Tame your animal spirits

Recent gains in these funds may have inflated your risks. Time to rebalance.

M
id- and small-cap companies, which are
beyond the top 100 companies by market Category snapshot for 2024
value, have grown leaps and bounds
Parameters Mid cap Small cap
recently. In the last 18 months, 12 mid caps have
Number of actively managed funds 29 28
grown to become large caps, while 17 small-cap
companies have moved up to the mid-cap tier. Assets `3.79 lakh crore `3.14 lakh crore
Given the context, the growth potential of mid- Asset-weighted expense ratio 0.65 0.61
and small-cap funds is undeniable. However, they Avg. expenses of passive funds 0.25 0.33
come with high risk. Mid- and small-cap funds
Asset-weighted category returns 30% 27%
are, at best, meant for an allocation of about
Avg. return of top quartile funds 37% 33%
25-30 per cent of your portfolio. Don’t treat them as
a short-term play or overcommit to this space. Avg. return of bottom quartile funds 25% 20%
Avg. large-cap exposure 13% 8%
Highlights & trends Avg. mid-cap exposure 70% 14%
Performance: Mid- and small-cap funds have been on Avg. small-cap exposure 18% 81%
a tear since 2023. Small-cap funds have already
Three most popular funds Motilal, Quant, Quant, Nippon,
achieved 60 per cent and mid-cap funds 70 per cent
HDFC SBI
of last year’s returns.
Valuation peaks: The 250 small-cap index to Sensex Three least popular funds Axis, DSP, PGIM Aditya Birla, DSP,
Kotak
ratio conveys the valuations in the small-cap
segment. This ratio has hit a peak not seen since the All data as of July 31, 2024.
Popular funds based on net flows up to July 19, 2024.
2018 mid- and small-cap surge. Rising P/E (price-to-
earnings) multiples further highlight this trend.
About 40 companies in the 250 small-cap universe
now have a P/E ratio of over 100, compared to just Small-cap index-to-Sensex ratio hits a peak
four in 2019. Booming valuations have led the BSE 250 Smallcap Index to climb to
Fund size: As the net assets of these funds has grown, decadal highs against the Sensex
so has the market structure, nearly doubling over the BSE 250 Smallcap-to-Sensex ratio
last five years. This expansion provides some 5Y median – 250 Smallcap to Sensex
balance, even as fund sizes increase. 0.08
Stress test: SEBI’s new liquidity stress tests reveal
that larger AUM funds take longer to liquidate. Many
0.07
funds are working to shorten this duration, ensuring
smoother withdrawals during volatility.
Portfolio adjustment: The current rally may have 0.06
substantially inflated your allocation to mid- and
small-cap funds. A 30 per cent SIP (systematic 0.05
investment plan) allocation, 15 per cent each to mid-
and small-cap index funds, at the start of March
0.04
2022, would have ballooned to 38 per cent. This
increase calls for trimming your positions to avoid
overexposure and also help manage risk. Remember 0.03
to focus on your set portfolio allocation rules, not January 2014 August 2024
market levels.

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 CATEGORY REVIEW

Our top picks

Mid-cap funds

Axis Mid Cap 

z Focuses on acquiring growth stocks at any cost, a strategy that has faced challenges since 2021.
z Despite setbacks, it still outperforms the average peer by nearly 3 per cent over any five-year period.
z It relies on large caps for risk management, offering stability in volatile times.

Edelweiss Mid Cap 

z Bettered its average peer in eight out of 10 calendar years by selectively investing in growth stocks available at
reasonable prices.
z A small size and low fees have helped it consistently generate alpha.
z Derives good returns from sectors it most prefers.

Kotak Emerging Equity 

z Despite a tenfold AUM increase in the last five years, it consistently holds around 70 stocks.
z A consistent five-year leader, it invests in reasonably priced growth stocks.
z While it usually favours long holding periods, recent tactical shifts, such as adding exposure to the Power,
Railways and Infrastructure sectors, have boosted its short-term performance.

Mahindra Manulife Mid Cap 

z A small-sized fund that has delivered strong performance since 2023.
z Not strictly a buy-and-hold fund, it combines short- and long-term stock strategies to generate returns, leading to
a higher turnover.
z Notably, it has kept its portfolio’s P/E (price-to-earnings) ratio substantially below its average peer, even amid
frothy mid-cap valuations.

Mirae Asset Midcap 

z It beat its peers 80 per cent of the time over any five-year period by selectively investing in both growth and
value stocks.
z However, it began trailing in 2023 due to two reasons. One, the AMC’s cautious stance on overvalued stocks. Two,
the weak performance of the Financial and Consumer sectors.
z The AMC remains confident that these reasonably priced sectors will deliver in the long run.

Motilal Oswal Midcap 

z A relatively aggressive fund, it takes tactical stock bets, leading to a higher churn.
z It has delivered top-quartile performances since 2021.
z Focused on growth stocks, the fund maintains a concentrated portfolio.

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 CATEGORY REVIEW

Our top picks

Small-cap funds
Axis Small Cap 
z By holding growth stocks, the fund tends to fall less during bearish markets.
z Its near-term performance has slipped to the bottom quartile since 2023.
z Nevertheless, it consistently outperforms peers and the index over any five-year period.

DSP Small Cap 

z Near-term performance has been patchy due to underperforming long-term holdings, resulting in a poor
fund rating.
z However, in any 10-year period, it stays above the category average by focusing on micro caps, which is reflected
in its low portfolio market capitalisation.
z Continues to offer downside protection. It falls less when the 250 small-cap index drops over 2 per cent.

HDFC Small Cap 

z The fund oscillates between phases of outperformance and underperformance.
z It is currently facing headwinds due to its exposure to the Services sector.
z Despite this, it ranks among the top five funds over a seven-year span, driven by its value-conscious strategy.

Kotak Small Cap 

z Buys and holds growth stocks at fair value, maintaining a strong edge of nearly 3 per cent over an average peer in
any five-year period.
z While 2023 was challenging because it missed out on the PSU rally, the fund has rebounded this year, aligning
with the index and its peers.

Nippon India Small Cap 

z A consistently top-performing fund that accounts for about one-fifth of small-cap category AUM.
z Holds 200 stocks, the largest among active equity funds.
z Sticks to a buy-and-hold strategy, even with its extensive portfolio.

SBI Small Cap 

z Invests in a mix of growth and value stocks.
z While its large size is a cause of concern, the fund continually outperforms the index and its peers over any
five-year period.
z A defensive cash and index derivative strategy led to bottom quartile performance in 2023, but the fund has now
moved to the second quartile.

SBI Magnum Children’s Benefit – Investment Plan 

z Not your typical mid-, small-cap or equity fund – this one is uniquely aggressive and stands out as the only
solution-oriented growth fund on this list.
z Offers a mid-small-cap tilt, driven by R Srinivasan’s expert stock picks and the agility of its smaller size.
z In its brief history, it has outperformed the small-cap index in three of the last four years, thanks to a strategic mix
of growth and value stocks.

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 CATEGORY REVIEW

Funds at a glance
Risk measures Portfolio
5Y SIP Sharpe Large-cap Avg. no Turnover Expense Assets
Fund name Rating return (%) Risk grade Alpha ratio P/E ratio exposure (%) of stocks (%) ratio (%) (` cr)

MID-CAP FUNDS
BSE 150 MidCap TRI – 35.97 - - - - - - - - -

ABSL Mid Cap  31.1 Above avg. -1.9 1.2 34.6 24.3 84 24 1.0 6,098

Axis Midcap  29.2 Avg. -2.2 1.1 42.1 45.6 81 39 0.5 30,855

Bandhan Midcap Unrated - - - - 48.9 43.4 74 45 0.6 1,459

Baroda BNP Paribas Midcap  33.4 Below avg. 1.1 1.4 36.5 31.8 62 74 0.5 2,174

Canara Robeco Mid Cap Unrated - - - - 35.3 48.4 59 - 0.6 2,670

DSP Midcap  27.6 Above avg. -5.8 0.9 34.9 22.9 56 41 0.7 20,014

Edelweiss Mid Cap  37.9 Avg. 2.6 1.5 38.6 46.1 67 52 0.4 6,994

Franklin India Prima  31.9 Above avg. -1.5 1.2 31.6 33.4 71 25 1.0 12,529

HDFC Mid-Cap Opportunities  36.3 Below avg. 4.0 1.6 26.1 34.5 68 22 0.7 75,382

HSBC Midcap  32.8 Below avg. 1.9 1.5 40.9 56.7 83 64 0.7 11,882

ICICI Pru Midcap  33.1 Above avg. -1.0 1.2 39.8 39.2 84 67 1.0 6,683

Invesco India Mid Cap  34.4 Avg. 1.6 1.4 45.2 36.5 56 81 0.6 5,438

ITI Mid Cap  - Avg. 1.7 1.4 29.9 47.2 76 126 0.4 1,085

JM Midcap Unrated - - - - 39.0 25.0 52 117 0.3 1,620

Kotak Emerging Equity  34.3 Low 2.3 1.5 36.1 34.5 75 36 0.3 50,602

LIC MF Midcap  31.2 High -3.9 1.1 38.8 29.4 55 85 1.6 320

Mahindra Manulife Mid Cap  37.4 Avg. 2.3 1.5 27.6 51.7 67 94 0.4 3,166

Mirae Asset Midcap  33.5 Above avg. -1.4 1.2 28.8 28.6 71 76 0.6 17,455

Motilal Oswal Midcap  42.1 Low 11.4 1.9 68.8 61.0 26 167 0.6 14,446

Nippon India Growth  37.0 Avg. 2.5 1.5 32.5 44.3 95 22 0.8 32,971

PGIM India Midcap Opp.  31.0 Avg. -4.2 0.9 50.6 47.8 72 45 0.5 11,268

Quant Mid Cap  41.1 Avg. 6.1 1.6 35.8 41.3 25 - 0.6 9,283

SBI Magnum Midcap  32.5 Below avg. 2.4 1.4 46.4 23.1 71 20 0.8 21,127

Sundaram Mid Cap  33.7 Avg. 1.8 1.4 32.3 40.7 73 36 0.9 12,465

Tata Midcap Growth  33.2 Below avg. 0.5 1.4 30.1 34.6 60 39 0.7 4,467

Taurus Mid Cap  29.4 High -4.0 1.0 23.0 18.5 50 142 2.3 140

Union Midcap  - Avg. -0.9 1.2 38.3 45.5 70 227 0.7 1,372

UTI Mid Cap  31.5 Above avg. -2.2 1.2 36.3 28.2 84 41 0.9 12,400

WhiteOak Capital Mid Cap Unrated - - - - 33.5 39.6 110 237 0.4 2,311

SMALL-CAP FUNDS
BSE 250 SmallCap TRI – 37.2 - - - - - - - - -

ABSL Small Cap  30.8 High -2.7 1.0 37.5 1.7 99 47.0 0.9 5,359

Axis Small Cap  33.1 Low 4.1 1.5 35.2 6.6 103 37.0 0.5 23,399

Bandhan Small Cap  - Above avg. 4.5 1.4 20.2 12.2 137 85.0 0.4 6,640

46 Mutual Fund Insight October 2024

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 CATEGORY REVIEW
Risk measures Portfolio
5Y SIP Sharpe Large-cap Avg. no Turnover Expense Assets
Fund name Rating return (%) Risk grade Alpha ratio P/E ratio exposure (%) of stocks (%) ratio (%) (` cr)

Bank of India Small Cap  40.7 Avg. 4.9 1.4 37.7 8.4 66 63.0 0.5 1,341

Baroda BNP Paribas Small Cap Unrated - - - - 29.8 5.2 57 56.0 0.5 1,545

Canara Robeco Small Cap  38.2 Avg. 4.8 1.4 32.9 14.7 90 26.0 0.4 12,028

DSP Small Cap  36.0 Above avg. 2.0 1.2 33.2 - 73 27.0 0.8 16,085

Edelweiss Small Cap  38.4 Below avg. 4.5 1.4 34.1 6.7 73 20.0 0.4 3,986

Franklin Ind Smaller Companies  39.1 Avg. 7.2 1.6 26.1 5.5 87 25.7 0.9 14,475

HSBC Small Cap  39.4 Avg. 6.0 1.5 20.4 6.3 77 13.2 0.7 16,905

ICICI Prudential Smallcap  35.6 Below avg. 4.5 1.4 31.3 13.0 87 79.0 0.7 8,770

Invesco India Smallcap  38.6 Below avg. 5.7 1.5 38.1 10.9 71 45.0 0.4 4,860

ITI Small Cap  - Above avg. 3.3 1.3 29.8 18.1 83 148.0 0.3 2,313

Kotak Small Cap  36.0 Avg. 2.3 1.2 37.9 12.1 77 22.1 0.5 17,507

LIC MF Small Cap  37.9 Avg. 6.2 1.5 38.9 3.1 59 112.0 1.5 318

Mahindra Manulife Small Cap Unrated - - - - 28.4 12.7 74 78.0 0.3 5,035

Motilal Oswal Small Cap Unrated - - - - 33.4 12.9 35 41.0 0.5 2,141

Nippon India Small Cap  43.3 Avg. 8.0 1.7 32.0 16.6 202 25.0 0.7 60,373

PGIM India Small Cap  - Above avg. -3.9 0.8 46.8 2.1 54 44.0 0.5 1,533

Quant Small Cap  50.7 High 6.1 1.5 28.0 21.4 87 - 0.6 24,530

Quantum Small Cap Unrated - - - - 25.6 14.6 44 - 0.6 71

SBI Small Cap  32.8 Low 4.8 1.5 34.9 - 55 14.0 0.6 32,761

Sundaram Small Cap  35.0 Above avg. 2.8 1.3 24.5 6.2 76 56.0 0.8 3,415

Tata Small Cap  40.0 Below avg. 7.4 1.6 35.6 - 54 16.2 0.3 8,449

Union Small Cap  33.9 Above avg. 1.7 1.2 42.9 1.4 71 158.0 0.9 1,588

UTI Small Cap  - Avg. 2.8 1.3 33.1 2.8 84 38.0 0.7 4,503
Ratings, Returns, Risk measures and Expense ratio are as of August 31, 2024. Portfolio and Assets data are as of July 31, 2024. Alpha is based on calendar month returns for the
past three years and stock average is for the past one year.

The key to riches

The Way to Save & Prosper is a compilation of the most useful, timeless
articles from Mutual Fund Insight. It can be used both by beginners and
experienced investors. Its three sections — Insights, Concepts and How to
Invest — describe the precepts of investing and also help you start investing.

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 INVESTORS’ JOURNEYS

Some expenses may

SHYAMALI BASU
be worth it
Examining the role of an expert in achieving investment success

A
combination of circumstances Many times, he had the intense desire to
triggered the thought of writing sell whatever was left of it and quit.
about whether you need a It does hurt to see a loss, after all. The
distributor/coach/advisor/expert to help pain of losing 40 per cent is more than
you with your investments. Ever since we gaining a higher amount. Behavioural
started working as distributors, we have psychologists term it as ‘asymmetric
not been able to make headway with loss aversion’.
certain clients, who often find paying My advice to him, which fortunately
brokerage a waste of money. But a recent he abided by, was to hold on. All I said
experience with my son has helped me was that he should stop tracking it daily if
find a response to that logic. it pained him as much. Left to him, he
would have converted paper losses into
Good times actual losses!
After finishing his engineering studies, my Since then, the markets have bounced
son started working as a software engineer back a bit, and I received a call from him
in the US. Like any novice investor, he got saying that he had recovered his capital.
enticed by cryptos and a few stocks that There was no loss at the portfolio level.
were a rage in his friends’ circle. He was But then something striking happened.
one of the many ‘Robinhood’ account When my son shared his trading screen,
holders, where execution was so smooth we saw the difference in the performance
that he started to feel like a fund manager. of the unresearched stocks and mutual
I realised the mistakes he was making, but funds/ETFs (exchange-traded funds).
it was better that he learned his lessons That left me thinking, “What if I was
early in life when the stakes were lower. not in this field? What if he had not acted
However, it hurt me to see his hard- on my advice? What if he had no one to
earned money being invested mindlessly talk to? He would perhaps have been
(at least, in my view). I struck a deal with sitting on a 40 per cent loss.”
him. For every $500 he invested, he would
put $1,000 in a passive or an active
mutual fund in the US. He agreed.
An investor’s pain of losing
Bad times 40 per cent of her money
While the going was good, he kept telling is significantly greater than
me my choices were boring. But when the gaining a higher amount.
sharp correction engulfed most of his
Behavioural psychologists
investments, he lost close to 40 per cent of
the capital invested. Many times, he term this phenomenon as
called me to say that he would have been ‘asymmetric loss aversion’.
better off keeping the money in the bank.

50 Mutual Fund Insight October 2024

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 Illustration: Anand

while investing. But many fall prey to

event-driven news, panic or greed. If
If you can manage your emotions
someone can help you look at the
while investing, an advisor may big picture, you will add wealth in the
not be necessary. But many fall long run.
prey to event-driven news, panic Nick Murray, in his book Simple
or greed. In that case, an advisor Wealth, Inevitable Wealth, explains it well.
In the Indian context, we do many chores
can be of great help. They can ourselves to save money. We drive our car
help you look at the big picture. to work, cook meals, clean our house, etc.
But have you heard of anyone operating
on themselves to save the cost of a
This would have impacted his psyche, surgeon or fighting a legal battle to save
and he would always consider equity the cost of a counsellor?
investments risky. I am very sure that Crucial matters are best handled by
many would have reacted the same way experts. And managing money can be one
my son did in those bad times. such area.

The importance of experts Shyamali has been navigating the asset

While a coach/distributor/advisor may not management world for over 20 years,
be able to improve your investment working with everyone from the seasoned
performance, the person may be able to super wealthy to absolute beginners. She has a
help you ride over rough patches. I am in knack for understanding the human side of
no way implying that you do need an investing and empathising with investors,
advisor if you can manage your emotions something that shines through in her writing.

Mutual Fund Insight October 2024 51

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 INVESTMENT ACORNS BY WHITEOAK

Which is better, starting

MANUJ JAIN, CFA
SIP at the top or bottom?
If you think the answer is obvious, you should read this analysis

O
ver the years, SIP (systematic long-period data of BSE Sensex TRI (last
investment plan), a feature offered by 27+ years). We considered all those periods
mutual funds, has become a when the equity market fell more than
household name. With growing interest in 20 per cent from its top. The table ‘The
it, a few obvious questions come to an ‘Cost of Delay’ of starting SIP late can be
investor’s mind. This study attempts to huge over the long term’ on the second
address one such commonly asked question page summarises the investments made by
about SIPs, backed by long-term data on two investors, one who started a `10,000
market indices. It aims to provide readers monthly SIP at the top of various market
with a holistic picture so they can make cycles and the other at the bottom.
better-informed investment decisions.
First, let’s accept that it is impossible to How you should read the table
consistently predict the exact top or For example, if someone had started a
bottom of a market cycle. At best, one can monthly SIP of `10,000 in BSE Sensex TRI
create and follow a valuation checklist during January 2008 (at the peak of market
whenever one deviates from their strategic cycle six as per the table), then, as of
asset allocation, which should help July 31, 2024, they would have invested
investors reduce portfolio-level volatility `19.9 lakh and the current value of this
to some extent while participating in the investment would have been `74.7 lakh at
equity market. an XIRR (extended internal rate of return)
But still, let’s assume one has some of 14.4 per cent.
magical power, can predict the exact top Similarly, if somebody had started this
and bottom of the market and wants to start SIP in March 2009 (at the bottom of market
a long-term SIP. So, should that investor cycle six as per the table), then they would
start SIP at the top of the cycle or the have invested `18.5 lakh (i.e., `1.4 lakh less
bottom? We did a detailed analysis using than the earlier investor) as of July 31, 2024

Illustration: Anand

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The ‘Cost of Delay’ of starting SIP late can be huge over the long term
The biggest risk is not the market, but missing out on compounding over time
Correction Amount Valuation as Difference in Difference in

-ARKET
3)0
START
"3%
3ENSEX

-ARKET
TENURE

3)0
PERIOD
ON
INVESTED
*ULY


INVESTED
AMOUNT
ÜNAL
VALUE
3)0
cycle month TRI correction (%) (months) (years) (` lakh) (` lakh) (` lakh) (` lakh) XIRR (%)

Sep '96 3,563 27.9 33.5 421.2 15.0

1 -21 3.3 0.3 15.3
Dec '96 2,803 27.6 33.2 405.9 15.0
Aug '97 4,617 27.0 32.4 380.0 15.2
2 -37 15.7 1.5 51.6
Nov '98 2,888 25.7 30.9 328.4 15.5
Feb '00 6,313 24.5 29.4 280.4 15.6
3 -54 19.3 1.9 52.9
Sep '01 2,874 22.9 27.5 227.5 15.8
Jan '04 7,168 20.5 24.7 134.7 14.5
4 -27 4.1 0.4 7.1
May '04 5,229 20.2 24.3 127.6 14.4
May '06 15,186 18.2 21.9 89.8 13.9
5 -29 1.1 0.1 1.0
Jun '06 10,790 18.1 21.8 88.8 13.9
Jan '08 25,756 166.0 19.9 74.7 14.4
6 -60 14.0 1.4 10.9
Mar '09 10,216 15.4 18.5 63.8 14.7
Nov '10 26,968 13.7 16.5 50.7 15.1
7 -27 13.5 1.3 7.2
Dec '11 19,759 12.6 15.2 43.5 15.6
Jan '15 40,594 9.5 11.5 26.1 16.6
8 -21 13.0 1.3 4.4
Feb '16 31,911 8.4 10.2 21.7 17.4
Jan '20 61,221 4.5 5.5 8.8 20.9
9
-38 2.2 0.2 0.4
Mar '20 38,017 4.4 5.3 8.4 21.7

Cost of Delay
Source: MFIE and internal analysis of WhiteOak Capital. Investors are requested to note that, mean returns (calculated by taking mean of 10-year rolling returns between June
1, 2013 and May 30, 2023) for Sensex is 12.64 per cent and for Nifty 50 is 12.93 per cent (Source: AMFI). Past performance may or may not be sustained in future and is not
a guarantee of any future returns. Index performance does not signify scheme performance. The calculations given above do not consider stamp duty/levy etc. for ease of
calculation and the values shown are pre-tax. Investors may incur tax liability on capital gains based on prevailing tax laws. Any calculations made are approximations meant for
understanding a particular concept only. These calculations/views alone are not sufficient and should not be used for the developing or implementing an investment strategy.
Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

and the current value of the investment percentage return goes away over the
would have been `63.8 lakh (i.e., `10.9 lakh long term, irrespective of whether
less than the earlier investor) at an XIRR of you started at the top or bottom (refer
14.7 per cent. to the return difference for SIPs
during the first six market cycles, i.e.
Some findings in the long term).
1. It is interesting to note that while the
percentage return is marginally higher Moral of the story: The biggest risk is not the
for SIPs started at the bottom of the market, but missing out on compounding
market cycle, the absolute gain in rupee over time.
term (i.e., wealth creation) is far higher
for SIPs that began at the top. Manuj Jain, a CFA charterholder, is an Associate
Director and Co-Head of Product and Strategies
2. The ‘Cost of Delay’ of starting SIPs late
at WhiteOak Capital Asset Management
can be huge over the long term. The Company. He has been with the company for
longer the market takes to reach the over two years and has over 16 years of
bottom, the higher the ‘Cost of Delay’, experience in asset management. Part of the
WhiteOak Capital Group, WhiteOak Capital
keeping all other things constant. Asset Management Company is the sponsoring
3. Even the marginal difference of entity of WhiteOak Capital Mutual Fund.

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 THE PLAN

Should you chase

sectoral trends?
Trend-hopping in investment can derail your
retirement planning. Keep it simple.
By Pranit Mathur this worry to rest. So, we
analysed three investing

M
eet Akash, a 40-year-old IT professional who is strategies that we believe exist
eager to dip his toes into the world of equities. in the minds of not just
Having little experience in the financial domain, Akash but many investors.
Akash has decided to explore mutual funds as his entry They are:
point. As an avid reader of newspapers, he's frequently Q
Stick to the broad
come across striking headlines such as, ‘BSE PSU Index market: Invest `1 lakh
has earned over 89 per cent returns in the past year!’ annually in the BSE
Naturally, this piqued his curiosity, especially with the 500 Index on the first
recent launch of 84 sectoral and thematic funds in the working day of the
past year. Akash is now tempted to chase these year. The BSE 500 is a
impressive returns by investing in sectoral or thematic broad-market index
funds, hoping to ride the wave of high performance. that offers a
However, before Akash dives headfirst into the advice diversified exposure to
of investment gurus and makes hasty decisions, it's large-, mid- and small-
important to pause and consider why sometimes doing cap stocks, which can
nothing is a smarter strategy than reacting impulsively help spread out risk
to short-term trends. across different
sectors.
Investment strategies Q
Invest in last year’s
Akash is facing a dilemma between picking a diversified toppers: Put `1 lakh
fund and a sectoral fund. He reached out to us to put annually in the index

Diversified vs sectoral approach: What's better?

Investing in bottom-performing sectors works best over a 20-year period. But, risks abound.

Particulars Objective Investment Final corpus Standard deviation Years of negative returns

Strategy 1 Invest in BSE 500 `1.33 crore 0.29 3

Strategy 2 Invest in the top-performing `1 lakh at the start of the `79.44 lakh 0.30 6
sectoral index of the previous year year for 20 years

Strategy 3 Invest in the worst-performing `1.35 crore 0.55 4

sectoral index of the previous year

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 of the previous year’s best-performing sector on the lower than the corpus generated by Strategy 1.
first working day of the year. This strategy might Q
Sector performance: The sectors involved in Strategy 3
seem tempting, but it carries the risk of chasing short- have a history of transitioning between top and worst
term trends. performers, often resulting in prolonged periods of
Q
Invest in last year’s poor performers: The third negative returns. This is because sectoral investing
strategy is a contrarian one, where `1 lakh is invested heavily depends on that particular sector, leading to
annually into the index of the previous year’s worst- erratic and unpredictable returns. For example, the
performing sector. This approach banks on the Realty sector was the worst performer four times over
potential recovery of these lagging sectors, but it a five-year period, and the Banking sector was the
involves a high degree of risk and uncertainty. biggest slacker thrice in five years.
For a direct comparison between strategies 2 and 3, Q
Timing: The strategy is susceptible to the timing of
we transferred the previous year's amount to the new fund switches. Even a single missed transfer date can
index. The 14 sectors we checked are Auto, Banking, eliminate the excess benefit over Strategy 1.
Consumer Discretionary Goods and Services, Energy,
Finance, FMCG, Healthcare, IT, Metal, Oil and Gas, The final word
Power, Realty, Telecom and Utilities. For an investor like Akash, who is just starting out,
a diversified fund – such as a flexi-cap or multi-cap fund
Strategy result – offers a far more stable and less volatile path
In order to come up with a decisive verdict, we back- to achieving long-term financial goals. A diversified
tested these strategies over the past 20 years. The equity fund provides exposure to multiple sectors and
results are as follows: stocks, spreading out the risk and reducing the impact of
Q
Chasing past year's returns would have led the market fluctuations.
portfolio to underperform significantly by roughly In contrast, chasing after sectoral and thematic funds
`53.9 lakh! Hence, Akash should steer clear of may seem tempting in the short term, particularly when
getting bewitched by historical returns. you see eye-catching returns in specific sectors. However,
Q
On the other hand, surprisingly, Strategy 3 performed this narrow focus comes with a higher risk of
well and even outperformed the diversified strategy underperformance, especially when market conditions
(Strategy 1) by about `2.14 lakh! shift or specific sectors face downturns. Sectoral funds
However, before you get enthralled by the strategy of often depend heavily on one or two industries, making
betting on the dark horse, it's important to know that them vulnerable to sudden market changes and prolonged
this `2.14 lakh advantage represents a mere 1.6 per cent periods of poor performance.
of the corpus of the diversified strategy.
Akash should not forget these points
Risks of investing in comeback stories Maintain an emergency fund
Moreover, the outperformance in Strategy 3 does not equivalent to at least six
justify the high risks involved in achieving it. Some of months of expenses.
these risks include:
Q
Volatility: Strategy 3 exhibits a high level of volatility, Ensure access to
with a standard deviation of 0.55, which is significantly adequate life and health
higher than Strategy 2's standard deviation of 0.3 and insurance coverage.
Strategy 1's 0.29. This increased volatility is further
evident when you note that Strategy 3 gave negative Gradually shift his
returns in four out of 20 years. corpus to debt as he
Q
One-hit wonders: The excessive returns in Strategy 3 approaches his
financial goals.
were largely driven by an outlier, the BSE Metal Total
Return Index, which yielded an extraordinary
Akash should stay on
239 per cent return in 2009. However, such anomalies course with his
are tough to replicate. If we replace this exceptional investments, regardless
return with the average returns from other years, the of short-term market
total corpus would fall to `82.07 lakh, substantially fluctuations.

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 ASK
EXPERT ADVICE

Cutting the clutter few risks. First, there is the risk of income
Starting an SIP in I have more than 40 funds in my portfolio. clubbing. So, if your mother returns the
your mother’s Please suggest a way by which I can invested money to you at a later stage, the
name can be declutter the portfolio. tax authorities may view it as a form of
smart. But there’s – Anonymous income clubbing. This implies that the
risk of income Many investors assume that more mutual tax authorities will tax the money as part
funds means better risk management. of your income, not hers.
clubbing or during
While having a diversified portfolio is The second risk is associated with estate
estate transfer.
essential for preserving capital, over- planning. Entrusting parents to invest on
diversification could introduce more your behalf may pose legal issues. This is
complexities that may not necessarily because, legally, the investment belongs to
contribute to better performance. When them, and in their absence, siblings can
there are too many funds in your portfolio, stake a claim to the investment. This
tracking them can become difficult, leading problem may arise even if you are the
to portfolio fatigue. nominee, as inheritance laws typically treat
So, start by exiting long-term siblings equally.
underperformers. This should be a
standard exercise done irrespective of Best fund for wealth creation
having these many funds. Evaluate each How should I invest `12 lakh for 3-4 years to
fund’s five- and 10-year performance generate wealth? Is investing in a debt fund
against its category average and benchmark with an STP (systematic transfer plan) a
performance. Exit the ones that have done good option?
poorly consistently. – Anonymous
Next, exit investments that do not When aiming to generate wealth in just
impact your portfolio. A meaningful three to four years, it’s important to
allocation should be at least 5 per cent. manage expectations. Wealth creation is
Funds that account for less than this won’t typically a long-term process, especially
significantly boost your returns, even if with equities, which perform best over a
they perform well, because your exposure decade or more.
to them is too small. For shorter investment periods, a
conservative approach works best.
Starting an SIP in mother’s name Therefore, conservative hybrid funds or
If your aim is to I fall in the highest tax bracket of equity savings funds are more suitable
generate wealth in 30 per cent. Will starting an SIP in my than aggressive equity investments.
the next 3-4 years, mother’s name instead of mine make sense If you opt for a conservative hybrid
consider investing in order to minimise taxes? fund, which primarily consists of fixed-
in conservative – Nikhil Saini income investments, consider spreading
Yes, you can invest if your mother falls in a your investment over the next three to
hybrid or equity
lower tax bracket or has no taxable income. four months. In other words, don’t invest
saving funds
Investing in an SIP (systematic investment your entire money in one go. In your
plan) in her name can be a smart move case, invest `3 lakh each for the next
because it minimises your tax outflow. four months. This approach will reduce
Having said that, this strategy carries a your exposure to market volatility.

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Fixed principles investments. For those unfamiliar, ELSS
What parameters should an investor keep funds have a mandatory three-year lock-in ELSS funds can
in mind when selecting a multi-asset fund? period. It ensures you remain invested be a good option
When evaluating such a fund, it’s irrespective of market conditions. Many even for those
essential to consider its allocation investors fail to achieve significant returns under the new tax
principles. A fund that clearly specifies a in the equity markets, largely due to a lack regime, especially
certain percentage of assets of long-term vision. That’s because short- if they are new to
(for example, 50 per cent in Watch video term fluctuations are often a good reason equity investing
equity, 15-20 per cent in for investors to exit the market, which can
arbitrage opportunities and prove to be a mistake. Thus, ELSS funds’
the rest in other asset three-year lock-in period can be very
classes) and a pre- helpful. Three years is usually a sufficient
determined allocation is highly desirable. time to make any investor realise the
Such discipline helps avoid the pitfalls of benefit of staying invested in equities
market timing, which can be as for long.
challenging for fund managers as it is for
individual investors. Therefore, a fund Arbitrage funds for short-term investing
with a well-defined strategy that remains Are arbitrage funds a good option for
consistent through all market conditions parking a surplus amount for around a
is ideal. year? Is there any better alternative?
Arbitrage funds can be a decent option for
Merits of tax-saving funds parking money due to their tax efficiency.
Who should still consider investing in ELSS They are taxed like equity funds, but
funds, and why? when it comes to their characteristics or
If you have opted for the old tax regime the risks involved, they almost operate
and are looking to save tax under Section like debt funds. The LTCG (long-term Looking to park
80C of the Income Tax Act, ELSS (equity- capital gains) tax is 12.5 per cent if your money for a
linked savings scheme, also redeemed after 12 months, year or so?
Watch video Watch video
known as tax-saving mutual whereas in debt funds, the
Arbitrage funds
funds) are a great option. gains will be taxed as per
are a good
These funds offer equity your tax slab rates, which
exposure, while most can be as high as
option. To invest
traditional tax-saving 30 per cent. Thus, arbitrage for 2 to 4 years,
instruments are predominantly funds offer tax efficiency and shield you consider
debt oriented. from equity market risks. short-duration
Even if tax saving isn’t your priority, But if you are investing for two to four debt funds.
but you’re new to equity investing, tend to years, short-duration debt funds may be a
worry about market fluctuations or better option. That’s because arbitrage
struggle with discipline, ELSS funds can funds don’t typically generate significantly
be an excellent tool to help you higher returns than liquid funds. But
acclimatise to long-term equity short-duration debt funds do.

A webinar series to discuss An Investor Education & Awareness Initiative by

savings and investment issues
and answer your questions

;VWVZ[`V\YX\LY`]PZP[! www.ValueResearchOnline.com/Hangouts

Mutual Fund Insight October 2024 57

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 SCOREBOARD: NPS
Tier-I: Equity plans Return (%) Portfolio (%)
Scheme Name 1-year 5-year 10-year NAV (`) Assets (` cr) Large-cap Mid-cap

Aditya Birla Sun Life Pension Scheme 37.29 19.93 - 29.23 885 94.49 5.51
AXIS Pension fund Management 38.54 - - 15.12 2,086 94.39 5.61
DSP Pension Fund Managers - - - 12.66 275 85.42 14.58
HDFC Pension Fund 37.67 20.70 14.20 54.41 46,943 96.39 3.61
ICICI Prudential Pension Fund 40.28 21.28 14.01 74.30 16,994 98.00 2.00
Kotak Pension Fund 38.87 21.09 14.04 68.23 2,598 98.21 1.79
LIC Pension Fund 36.25 20.25 13.00 45.76 6,131 98.34 1.66
Max Life Pension Fund Management 38.81 - - 14.89 390 87.59 12.41
SBI Pension Fund 34.84 19.31 13.21 58.77 19,603 95.15 4.85
Tata Pension Management 43.71 - - 16.10 1,460 94.40 5.60
UTI Retirement Solutions 44.02 21.37 14.34 74.16 2,732 97.29 2.71

Tier-I: Corporate debt plans Return (%) Portfolio (%)

Scheme Name 1-year 5-year 10-year NAV (`) Assets (` cr) AAA & equivalent AA & below
Aditya Birla Sun Life Pension Scheme 8.49 7.51 - 17.98 431 90.24 3.13
AXIS Pension fund Management 8.18 - - 11.50 1,196 74.61 17.57
DSP Pension Fund Managers - - - 10.58 145 89.80 3.11
HDFC Pension Fund 8.58 7.75 9.07 26.73 17,971 81.54 12.81
ICICI Prudential Pension Fund 8.32 7.26 8.97 40.32 7,365 80.56 14.13
Kotak Pension Fund 8.46 6.97 8.49 38.71 965 85.55 9.24
LIC Pension Fund 8.16 7.38 8.77 26.08 3,125 93.07 1.96
Max Life Pension Fund Management 8.04 - - 11.50 232 83.88 11.19
SBI Pension Fund 8.37 7.39 8.82 40.46 9,362 81.85 13.86
Tata Pension Management 8.55 - - 11.51 643 80.10 14.14
UTI Retirement Solutions 8.26 7.37 8.53 35.82 1,055 80.33 11.39

Tier-I: Government bond plans Return (%) Average maturity Duration

Scheme Name 1-year 5-year 10-year NAV (`) Assets (` cr) (years) (years)

Aditya Birla Sun Life Pension Scheme 10.25 7.41 - 17.70 789 21.52 9.32
AXIS Pension fund Management 10.13 - - 11.81 1,641 19.14 8.89
DSP Pension Fund Managers - - - 10.90 218 24.84 10.88
HDFC Pension Fund 10.46 7.42 9.23 26.42 29,882 19.40 9.12
ICICI Prudential Pension Fund 10.11 7.16 9.13 35.22 11,962 20.58 9.32
Kotak Pension Fund 10.41 7.30 9.21 35.28 1,710 23.19 9.80
LIC Pension Fund 10.17 7.34 9.70 28.47 5,962 20.23 9.30
Max Life Pension Fund Management 9.88 - - 11.95 491 19.13 9.09
SBI Pension Fund 10.33 7.26 9.26 38.15 19,285 22.80 9.88
Tata Pension Management 9.90 - - 11.91 916 20.33 9.30
UTI Retirement Solutions 10.37 7.18 8.93 34.11 1,952 19.42 9.10

Central government plans Return (%) Equity Fixed

Scheme Name 1-year 5-year 10-year NAV (`) Assets (` cr) (%) income (%)

LIC Pension Fund 12.98 9.15 9.57 45.02 105,209 14.97 82.96
SBI Pension Fund 12.75 8.99 9.69 46.15 111,291 14.98 82.78
UTI Retirement Solutions 13.16 9.17 9.64 44.82 104,414 14.76 83.22
Data as of August 31, 2024, excluding cash and cash equivalents.

58 Mutual Fund Insight October 2024

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State government plans Return (%) Equity Fixed
Scheme Name 1-year 5-year 10-year NAV (`) Assets (` cr) (%) income (%)

LIC Pension Fund 13.01 9.06 9.57 40.06 209,917 14.86 83.07
SBI Pension Fund 12.93 8.94 9.73 39.64 214,821 15.12 82.58
UTI Retirement Solutions 13.18 9.15 9.65 39.89 203,600 14.66 83.38

Tier-II: Equity plans Return (%) Portfolio (%)

Scheme Name 1-year 5-year 10-year NAV (`) Assets (` cr) Large-cap Mid-cap

Aditya Birla Sun Life Pension Scheme 38.19 20.22 - 29.38 42 94.52 5.48
AXIS Pension fund Management 39.54 - - 15.27 11 94.54 5.46
DSP Pension Fund Managers - - - 12.24 2 84.10 15.90
HDFC Pension Fund 37.72 20.69 14.30 47.03 1,432 96.45 3.55
ICICI Prudential Pension Fund 38.83 21.17 13.98 58.43 576 98.25 1.75
Kotak Pension Fund 38.81 20.91 13.97 60.02 141 98.16 1.84
LIC Pension Fund 35.31 20.07 12.81 38.01 168 98.93 1.07
Max Life Pension Fund Management 37.86 - - 15.70 2 87.47 12.53
SBI Pension Fund 34.84 19.43 13.27 54.45 606 93.94 6.06
Tata Pension Management 43.51 - - 16.07 64 94.70 5.30
UTI Retirement Solutions 40.31 20.69 14.13 58.94 106 97.41 2.59

Tier-II: Corporate debt plans Return (%) Portfolio (%)

Scheme Name 1-year 5-year 10-year NAV (`) Assets (` cr) AAA & equivalent AA & below
Aditya Birla Sun Life Pension Scheme 8.59 7.42 - 17.37 16 91.14 0.00
AXIS Pension fund Management 7.99 - - 11.34 3 67.57 10.15
DSP Pension Fund Managers - - - 10.64 0 84.12 0.10
HDFC Pension Fund 8.60 7.59 8.54 25.00 483 81.51 12.33
ICICI Prudential Pension Fund 8.24 7.24 8.88 37.34 212 80.75 13.92
Kotak Pension Fund 8.16 7.08 8.49 33.70 48 83.67 10.48
LIC Pension Fund 8.13 7.81 8.60 24.75 84 93.48 0.24
Max Life Pension Fund Management 9.22 - - 11.60 1 91.96 0.00
SBI Pension Fund 8.33 7.09 8.57 36.20 261 87.22 8.43
Tata Pension Management 8.34 - - 11.59 11 82.52 8.91
UTI Retirement Solutions 8.18 7.25 8.51 34.23 36 89.41 4.15

Tier-II: Government bond plans Return (%) Average maturity Duration

Scheme Name 1-year 5-year 10-year NAV (`) Assets (` cr) (years) (years)

Aditya Birla Sun Life Pension Scheme 10.12 7.29 - 16.99 31 20.13 9.30
AXIS Pension fund Management 9.82 - - 11.65 5 19.15 9.19
DSP Pension Fund Managers - - - 10.50 1 9.61 6.72
HDFC Pension Fund 10.45 7.24 9.07 26.74 731 18.96 8.98
ICICI Prudential Pension Fund 9.97 7.20 9.13 33.75 325 20.22 9.16
Kotak Pension Fund 10.12 7.16 9.02 32.56 82 22.20 9.56
LIC Pension Fund 10.13 7.36 9.76 28.92 245 17.63 8.70
Max Life Pension Fund Management 9.19 - - 11.64 1 20.38 9.35
SBI Pension Fund 10.53 7.23 9.18 36.24 541 19.98 8.92
Tata Pension Management 9.73 - - 11.97 16 19.42 9.12
UTI Retirement Solutions 9.97 7.06 8.96 34.88 70 18.83 8.74
Data as of August 31, 2024, excluding cash and cash equivalents.

Mutual Fund Insight October 2024 59

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 ˷ɒ

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On stands October 15, 2024

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 SCOREBOARD: FUND CLASSIFICATION
Category (No. of funds) AUM (` crore) Category (No. of funds) AUM (` crore)

EQUITY FUNDS Money market (23) 2,29,514

Funds investing in money-market instruments having maturity up to 1 year
Large cap (172) 10,40,128
Funds investing at least 80% in large caps Low duration (20) 1,03,818
Funds with Macaulay duration between 6 and 12 months at the portfolio level
Large & mid cap (34) 2,58,302
Funds investing at least 35% each in large and mid caps Ultra short duration (25) 1,03,922
Funds with Macaulay duration between 3 and 6 months at the portfolio level
Multi cap (33) 1,68,415
Funds investing at least 25% each in large, mid and small caps Liquid Funds (47) 5,29,941
Funds investing in debt and money-market securities with maturity of up to 91 days
Mid cap (50) 3,89,767
Funds investing at least 65% in mid caps Overnight Funds (36) 88,306
Funds investing in securities having maturity of 1 day
Small cap (42) 3,20,450
Funds investing at least 65% in small caps Dynamic bond (26) 33,316
Debt funds investing across durations
Flexi cap (94) 5,89,434
Funds investing at least 65% in equity with no particular cap on large, mid or small Corporate bond (21) 1,54,250
Funds investing at least 72% in AA+ and above-rated corporate bonds
Value-oriented (32) 1,88,282
Funds following the value strategy Credit risk (14) 21,809
Funds investing at least 58.5% in AA and below-rated corporate bonds
ELSS (39) 2,49,157
Funds with a lock-in of 3 years and tax benefit under Section 80C Banking and PSU Debt (22) 79,083
Funds investing at least 72% in the debt instruments of banks, PSUs,
International (68) 53,512
public financial institutions and municipal bonds
Funds investing predominantly in foreign equities
Floater (13) 53,353
Funds investing at least 58.5% in floating-rate instruments
SECTOR/THEMATIC FUNDS (including fixed rate ones converted to floating rate)
Banking (57) 78,128 Gilt (30) 37,836
Funds investing at least 80% in the banking sector Funds investing at least 80% in government securities
Infrastructure (22) 51,755 Gilt with 10-year constant duration (9) 8,052
Funds investing at least 80% in the infra sector Funds investing at least 80% in government bonds such that the
Macaulay duration of the portfolio is 10 years
Pharma (24) 27,183
Funds investing at least 80% in the pharma sector FMP (12) 197
Fixed maturity plans of pre-defined term
Technology (27) 43,279
Funds investing at least 80% in the technology sector Target Maturity (101) 2,07,690
A debt scheme which has a specific maturity and invests in bonds
Thematic (119) 1,76,015
whose maturity is in line with that of the underlying index
Funds investing at least 80% in a particular theme
Dividend Yield (10) 30,666
Funds investing majorly in dividend-yielding stocks HYBRID FUNDS
MNC (6) 16,719 Aggressive hybrid (44) 2,44,044
Funds investing at least 80% in MNC stocks Funds investing 65–80% in equity and the rest in debt
Energy (4) 21,553 Balanced hybrid (6) 10,737
Funds investing at least 80% in the energy sector Funds investing at least 40–60% in equity and the rest in debt
PSU (8) 62,767 Conservative hybrid (31) 29,862
Funds investing at least 80% in public-sector companies Funds investing 10–25% in equity and the rest in debt
Consumption (22) 28,048 Equity savings (22) 36,610
Funds investing at least 80% in the consumption theme Funds investing at least 65% in equity and equity related instruments
and at least 10% in debt
ESG (10) 11,962
Funds investing at least 80% in companies that score high on environmental, Arbitrage (28) 2,26,384
social and governance (ESG) factors Funds investing in arbitrage opportunities
Dynamic asset allocation (38) 2,87,327
Funds which dynamically manage the asset allocation between equity and debt
DEBT FUNDS
Multi asset allocation (40) 1,23,188
Long duration (9) 15,108
Funds investing in at least 3 different asset classes, with a minimum of 10% in each
Funds with Macaulay duration of greater than 7 years at the portfolio level
Medium to long duration (14) 11,181
Funds investing with Macaulay duration between 4 and 7 years at the COMMODITY FUNDS
portfolio level; under anticipated adverse situation, 1 year to 7 years
Gold (32) 44,530
Medium duration (15) 24,837 Funds investing in gold
Funds with Macaulay duration between 3 and 4 years at the portfolio level;
Silver (21) 9,850
under anticipated adverse situation, 1 year to 4 years
Funds investing in silver
Short duration (26) 1,05,624
Funds with Macaulay duration between 1 year and 3 years at the portfolio level AUM data as of July 31, 2024

Mutual Fund Insight October 2024 61

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 SCOREBOARD: GUIDE
Optimise your investments with clear, comprehensive mutual fund data
Serial Portfolio Composition Alpha
Number For equity funds, it shows the portfolio’s allocation in large-, Indicates value added (or
A serial mid-, small-cap stocks and cash/others. Value Research follows subtracted) by the fund
number is its own market-cap classification to arrive at this. The top vis-a-vis the benchmark,
generated for listed companies that constitute 70 per cent of the market cap for the risk taken. A
every fund and are classified as large caps. The ones that fall between positive alpha indicates
is the first 70-90 per cent of the total market cap are classified as that the fund has
column on the mid caps. The smallest listed companies that comprise the performed better than
Scoreboard. To remaining 10 per cent of the market cap are called small caps. expected, and a negative
locate a In the case of hybrid funds, alpha indicates the fund
specific fund, the minimum and maximum allocations has underperformed based
look for this to equity and debt over the past on the risk taken by the
number in the 12 months are displayed. For funds fund manager. It is
Index against launched within the last year, the available historical range is calculated using calendar
the name of provided. The equity exposure is shown net of derivatives month returns for the last
the fund. (unhedged portion). three years.

Performance Portfolio Composition (%)

Returns (%) Rank Large Mid Small Cash & Info. Risk Expense Assets Fund Average
S.No. Fund Name 1Y 3Y 5Y 10Y 1Y 3Y 5Y 10Y Cap Cap Cap Others Alpha Ratio Grade Ratio (%) (` cr) Rating Rating

Portfolio Composition

Credit Average Risk Grade Fund Rating Average

Quality Maturity Information The Value Research Fund The Value Research fund rat- Rating
Debt fund’s Weighted ratio Risk Grade measures a fund’s ing is a convenient composite The average
portfolio average Indicates risk of loss, focusing only on measure of returns and risk, of the
exposure across maturity of excess downside volatility, unlike based on a quantitative sys- monthly fund
three levels: all the debt returns gen- standard deviation and beta. tem without any subjective ratings over
z High securities erated by a It accounts for absolute losses components. It provides a the past three
Includes expo- held by the fund relative and periods of underper- quick summary of a fund’s years. For
sure to govern- fund. to the catego- formance compared to a risk- historical performance rela- newer funds,
ment securities, ry bench- free investment. This measure tive to its peers, adjusted for the available
corporate bonds mark and the reflects the risk of earning risk. For equity and hybrid rating history
with highest consistency less than a guaranteed return, funds, the system combines is used.
grade ratings of that out- such as from a bank term three- and five-year perfor-
such as AAA, performance. deposit. Fund risk is calculat- mance periods, while debt
AAA+, AAA-, A higher ed by comparing monthly/ funds’ ratings are based on
A1, A1+, P1+, information weekly returns to the risk-free eighteen months of weekly
AA+ and cash ratio com- return (State Bank’s 45-180 risk-adjusted performance.
z Medium pared to days Term Deposit Rate) and Only equity funds with a
Includes expo- other measuring underperformance. minimum three-year perfor-
sure to bonds schemes with The average underper- mance history are rated, and
with medium the same formance is used to derive a for debt funds, the minimum
grade ratings benchmark risk score, which is rated is 18 months. A category
such as AA, AA-, reflects better against the category average. must have at least 10 funds
A2+ and A2 risk-adjusted The risk score of a fund is with an average AUM of at
z Low performance. then rated according to the least `5 crore over the past six
Includes portfolio It is calculat- following distribution: months to be rated. The rat-
exposure to ed using cal- High : Top 10% ing distribution is as follows:
bonds with low- endar month Above Avg : Next 22.5%  : Top 10% funds
est grade ratings returns for (+Avg)  : Next 22.5%
such as A+, A, the past  : Middle 35%
Average : Middle 35%  : Next 22.5%
A-, BBB+, BBB, three years.
BBB-, BB+, A3 Below Avg : Next 22.5%  : Bottom 10%
and below. (-Avg) NR : Not Rated
Low : Bottom 10%

62 Mutual Fund Insight October 2024

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 SCOREBOARD: EQUITY FUNDS
Performance Portfolio Composition (%)
Returns (%) Rank Large Mid Small Cash & Info. Risk Expense Assets Fund Average
S.No. Fund Name 1Y 3Y 5Y 10Y 1Y 3Y 5Y 10Y Cap Cap Cap Others Alpha Ratio Grade Ratio (%) (` cr) Rating Rating

Equity: Large Cap

1 ABSL Frontline Equity 38.2 17.3 20.8 14.9 27 16 15 10 87 11 - 2 0.9 0.1 -Avg 0.96 30,309  2.8
2 Axis Bluechip 35.2 10.9 17.3 14.6 30 34 30 12 96 - - 4 -4.8 -1.3 Avg 0.67 35,013  3.4
3 Bajaj FinSrv Large Cap - - - - - - - - - - - - - - - 0.61 - NR -
4 Bandhan Large Cap 44.2 18.2 21.7 14.2 10 12 12 18 83 10 3 3 1.3 0.3 -Avg 0.93 1,575  3.6
5 Bank of India Bluechip 45.3 16.5 - - 8 23 - - 85 9 3 3 -0.5 -0.1 +Avg 1.26 188  3.0
6 Baroda BNP Paribas Large Cap 47.2 20.2 22.4 16.1 7 8 7 4 90 7 - 4 3.5 0.8 Low 0.83 2,285  4.9
7 Canara Robeco Bluechip Equity 38.7 16.4 22.6 16.0 26 24 6 5 93 3 - 4 0.5 -0.3 Low 0.45 14,529  4.8
8 DSP Top 100 Equity 42.3 17.0 20.0 13.1 15 21 22 23 84 9 2 6 0.4 0.0 Avg 1.08 4,328  1.6
9 Edelweiss Large Cap 40.8 18.8 22.0 15.8 16 10 10 7 86 11 0 3 2.2 0.7 Low 0.68 1,043  4.2
10 Franklin India Bluechip 36.5 14.9 20.1 13.5 29 29 19 21 86 13 - 1 -0.9 -0.6 Avg 1.03 8,257  2.1
11 Groww Large Cap 40.6 17.0 18.3 14.3 17 22 27 15 97 1 - 2 0.3 0.0 Avg 1.03 131  1.7
12 HDFC Top 100 40.5 21.8 21.1 14.5 20 6 14 13 99 - - 1 4.6 1.3 Avg 1.00 37,081  2.7
13 HSBC Large Cap 40.3 17.2 20.1 14.2 22 18 20 17 84 13 - 3 0.3 0.1 Avg 1.18 1,976  2.6
14 ICICI Pru Bharat 22 FOF 69.0 41.9 29.1 - 2 1 1 - 93 7 - 0 20.3 2.1 Avg 0.12 1,897  3.3
15 ICICI Pru Bluechip 43.5 21.1 22.9 16.1 12 7 5 3 86 4 0 10 4.7 1.0 Low 0.87 62,717  4.6
16 ICICI Pru Nifty 100 Low Vol 30 ETF FOF 40.5 17.1 - - 21 19 - - 97 3 - 0 1.5 0.0 -Avg 0.14 1,222  3.0
17 ICICI Pru Nifty Alpha Low-Vol 30 ETF FOF 58.5 - - - 3 - - - 97 2 - 0 - - - 0.10 626 NR -
18 Invesco India Largecap 45.0 19.1 22.1 16.2 9 9 8 2 84 11 4 1 1.8 0.5 -Avg 0.72 1,203  4.2
19 ITI Large Cap 42.9 17.7 - - 13 15 - - 88 4 3 5 0.9 0.2 Avg 0.47 357  2.9
20 JM Large Cap 49.8 21.9 21.8 14.4 4 5 11 14 84 12 2 2 4.8 0.9 Low 1.01 331  4.3
21 Kotak Bluechip 38.9 17.3 22.1 15.7 25 17 9 8 88 8 1 4 1.0 0.0 -Avg 0.59 9,292  4.4
22 LIC MF Focused 33.7 16.1 20.2 - 32 26 18 - 66 12 17 5 -0.1 -0.2 -Avg 1.56 151  2.9
23 LIC MF Large Cap 37.0 14.5 19.1 13.7 28 32 26 20 83 7 9 2 -1.9 -1.0 -Avg 0.99 1,576  2.8
24 Mahindra Manulife Large Cap 40.5 18.2 21.7 - 19 11 13 - 90 8 2 1 1.5 0.3 -Avg 0.67 557  -- 4.0
25 Mirae Asset Equity Allocator FoF 40.0 18.0 - - 23 13 - - 88 12 - 0 0.8 0.5 -Avg 0.04 855  4.0
26 Mirae Asset Large Cap 31.5 14.6 19.2 15.9 36 31 24 6 84 14 1 0 -1.2 -0.9 -Avg 0.53 41,352  3.8
27 Mirae Asset Nifty 200 Alpha 30 ETF FoF - - - - - - - - 98 3 - -1 - - - 0.04 133 NR -
28 Motilal Oswal Large Cap - - - - - - - - 80 13 4 3 - - - 0.79 1,077 NR -
29 Nippon Ind Nifty Next 50 Junior BeES FoF 69.7 22.6 23.8 - 1 4 4 - 98 2 - 0 3.5 0.6 High 0.11 482  2.7
30 Nippon India Large Cap 40.5 24.0 24.2 16.9 18 3 3 1 88 11 - 1 6.3 1.9 Avg 0.68 31,801  3.3
31 PGIM India Large Cap 30.5 13.3 17.9 13.5 38 33 29 22 96 2 - 2 -2.3 -1.0 Avg 0.85 608  2.1
32 Quant Focused 49.6 24.1 28.1 19.3 5 2 2 - 99 - - 1 6.2 0.8 Avg 0.66 1,116  4.7
33 Quant Large Cap 49.2 - - - 6 - - - 99 - - 1 - - - 0.54 1,895 NR -
34 Quantum Nifty 50 ETF FoF 32.1 - - - 35 - - - 100 - - 0 - - - 0.06 21 NR -
35 SBI Bluechip 31.4 16.3 20.3 15.3 37 25 17 9 88 9 - 3 0.4 -0.3 -Avg 0.80 51,244  3.3
36 Sundaram Large Cap 33.3 15.7 19.4 14.0 34 27 23 19 94 5 - 0 -0.5 -0.6 -Avg 0.60 3,634  4.1
37 Tata Large Cap 39.7 17.9 20.6 14.7 24 14 16 11 90 7 - 3 0.8 0.3 Avg 1.07 2,437  2.9
38 Taurus Large Cap 44.1 17.1 18.1 12.0 11 20 28 24 87 8 2 3 -1.2 0.1 +Avg 2.51 52  1.0
39 Union Largecap 33.3 15.0 19.2 - 33 28 25 - 94 3 - 3 -1.0 -0.6 Avg 1.58 394  2.6
40 UTI Large Cap 34.5 14.6 20.1 14.3 31 30 21 16 86 10 1 3 -1.4 -0.8 Avg 0.92 13,595  3.5
41 WhiteOak Capital Large Cap 42.5 - - - 14 - - - 86 8 2 3 - - - 0.65 568 NR -
Equity: Large Cap 41.9 18.4 21.2 14.7 38 34 30 24 90 8 3 2 1.5 0.1 0.77 9,198
BSE 100 TRI 36.9 17.0 20.7 14.3
Equity: Large & MidCap
42 ABSL Equity Advantage 36.4 13.5 21.2 15.7 24 26 22 13 55 38 5 2 -4.0 -0.7 High 1.02 6,281  1.4
43 Axis Growth Opportunities 43.8 19.0 26.6 - 17 21 6 - 74 23 2 1 1.6 0.1 +Avg 0.58 13,883  3.9
44 Bajaj FinServ Large and Mid Cap - - - - - - - - 51 41 - 8 - - - 0.61 1,281 NR -
45 Bandhan Core Equity 60.8 28.3 28.6 18.7 1 2 2 4 57 32 8 3 8.9 1.8 Avg 0.65 5,948  3.1
46 Bank of India Large & Mid Cap Equity 49.5 21.2 25.4 15.1 12 17 13 15 66 26 7 1 2.7 0.7 +Avg 1.36 367  2.4
47 Baroda BNP Paribas Large & Mid Cap 51.7 23.8 - - 8 8 - - 59 35 2 4 4.9 0.9 High 0.83 1,375  2.9
48 Canara Robeco Emerging Equities 44.0 19.0 25.9 20.1 16 22 10 2 61 33 3 3 1.6 0.2 Avg 0.54 24,594  3.6
49 DSP Equity Opportunities 52.8 22.3 26.0 18.5 6 13 9 7 59 36 2 3 3.8 0.7 +Avg 0.67 13,939  3.1
50 Edelweiss Large & Mid Cap 45.4 22.0 26.1 17.7 14 15 7 8 60 35 3 1 3.6 0.9 -Avg 0.45 3,544  3.8
51 Franklin India Equity Advantage 40.1 17.9 21.6 14.6 21 25 21 17 60 36 2 3 0.6 -0.1 +Avg 1.26 3,635  1.5
Equity: Large & MidCap 46.7 22.3 25.5 17.4 26 26 22 17 60 33 4 3 4.1 0.7 0.74 8,875
BSE Large Mid Cap TRI 40.2 18.2 21.6 14.9
Data pertains to direct plans. ETFs and index funds are excluded and covered in their own scoreboards. Portfolio and AUM data as of July 31, 2024; all other data as of August 31, 2024.

Mutual Fund Insight October 2024 63

Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.
 SCOREBOARD: EQUITY FUNDS
Performance Portfolio Composition (%)
Returns (%) Rank Large Mid Small Cash & Info. Risk Expense Assets Fund Average
S.No. Fund Name 1Y 3Y 5Y 10Y 1Y 3Y 5Y 10Y Cap Cap Cap Others Alpha Ratio Grade Ratio (%) (` cr) Rating Rating

Equity: Large & MidCap

52 HDFC Large and Mid Cap 46.1 26.7 27.6 15.5 13 4 4 14 60 35 2 3 7.1 1.8 Avg 0.81 23,047  3.3
53 HSBC Large and Mid Cap 50.7 23.7 24.8 - 9 9 16 - 64 28 7 2 5.7 0.7 Avg 0.90 3,570  2.4
54 ICICI Pru Large & Mid Cap 50.0 27.4 27.7 17.1 11 3 3 10 55 35 2 9 9.0 1.4 -Avg 0.81 15,746  3.8
55 Invesco India Large & Mid Cap 58.1 24.2 24.8 18.6 3 7 15 6 57 37 3 3 5.3 1.1 Avg 0.64 6,014  2.8
56 Kotak Equity Opportunities 44.2 22.9 26.0 18.8 15 11 8 3 64 34 1 2 5.2 0.9 Low 0.47 25,075  4.3
57 LIC MF Large & Mid Cap 51.9 21.6 24.4 - 7 16 18 - 50 33 14 3 3.8 0.5 -Avg 0.59 3,161  3.0
58 Mahindra Manulife Large & Mid Cap 43.0 23.3 - - 18 10 - - 66 26 5 3 5.0 0.9 +Avg 0.42 2,491  3.8
59 Mirae Asset Large & Midcap 40.3 18.6 25.7 21.9 20 24 11 1 65 31 3 1 1.1 0.1 Avg 0.59 39,706  -- 4.4
60 Motilal Oswal Large and Midcap 57.9 26.5 - - 4 5 - - 52 43 2 2 7.9 1.0 Low 0.54 5,336  4.6
61 Navi Large & Midcap 32.0 19.3 22.7 - 26 19 20 - 49 39 8 4 1.5 0.2 High 0.35 325  3.0
62 Nippon India Vision 50.1 22.6 25.4 15.0 10 12 12 16 75 23 - 2 4.3 1.1 +Avg 1.50 5,257  1.6
63 PGIM India Large and Mid Cap - - - - - - - - 68 27 - 5 - - - 0.62 512 NR -
64 Quant Large & Mid Cap 60.6 30.2 31.4 21.6 2 1 1 - 69 25 - 5 9.8 1.3 -Avg 0.61 3,573  4.5
65 SBI Large & Midcap 37.0 22.1 25.2 17.4 23 14 14 9 53 38 4 4 4.5 0.7 Low 0.70 27,382  4.2
66 Sundaram Large & Midcap 42.3 18.8 24.6 18.6 19 23 17 5 69 25 1 5 0.9 0.2 +Avg 0.72 7,039  2.9
67 Tata Large & Midcap 35.2 19.9 23.1 16.8 25 18 19 11 53 38 4 5 3.0 0.3 -Avg 0.70 8,318  3.4
68 Union Large & Midcap 37.8 19.1 - - 22 20 - - 62 30 5 2 2.2 0.1 Avg 0.88 849  2.5
69 UTI Large & Mid Cap 53.2 24.8 26.9 16.2 5 6 5 12 53 35 7 5 5.9 1.3 Avg 1.15 3,749  2.6
70 WhiteOak Capital Large & Mid Cap - - - - - - - - 65 31 2 2 - - - 0.38 1,379 NR -
Equity: Large & MidCap 46.7 22.3 25.5 17.4 26 26 22 17 60 33 4 3 4.1 0.7 0.74 8,875
BSE Large Mid Cap TRI 40.2 18.2 21.6 14.9
Equity: Flexi Cap
71 360 ONE FlexiCap 54.9 - - - 8 - - - 57 31 9 3 - - - 0.42 868 NR -
72 360 ONE Focused Equity 42.5 20.5 27.0 - 31 21 6 - 75 18 6 1 2.3 0.3 -Avg 0.87 7,987  4.9
73 ABSL Bal Bhavishya Yojna 34.7 16.4 18.0 - 64 51 46 - 58 30 10 1 -1.2 -0.7 Avg 0.64 1,113  ++ 1.2
74 ABSL Flexi Cap 41.3 17.3 22.3 16.6 37 43 20 12 79 18 2 2 -1.1 -0.5 +Avg 0.84 22,792  2.7
75 ABSL Focused 41.4 17.4 21.2 15.2 34 42 27 22 81 14 - 5 -0.5 -0.5 +Avg 0.85 7,929  -- 2.8
76 ABSL Retirement 30s 35.6 16.1 18.0 - 61 52 47 - 57 27 12 3 -1.1 -0.6 Avg 1.04 403  1.3
77 Axis Equity ETFs FoF 41.3 - - - 36 - - - 82 15 0 3 - - - 0.12 23 NR -
78 Axis Flexi Cap 39.4 13.0 19.4 - 51 60 44 - 75 18 3 4 -4.1 -1.0 +Avg 0.71 13,031  3.0
79 Axis Focused 34.6 7.3 16.2 15.0 66 63 48 24 87 8 - 5 -10.3 -1.5 High 0.81 14,075  2.2
80 Bajaj FinServ Flexi Cap 45.4 - - - 25 - - - 53 30 13 4 - - - 0.41 3,325 NR -
81 Bandhan Flexi Cap 38.7 17.7 19.9 14.3 53 38 41 28 76 17 3 4 0.2 -0.3 Avg 1.13 7,652  2.1
82 Bandhan Focused Equity 45.1 19.4 22.4 14.3 26 28 19 27 57 26 12 4 1.1 0.1 Avg 0.82 1,654  2.3
83 Bank of India Flexi Cap 67.5 27.6 - - 2 5 - - 59 26 12 4 6.8 1.3 +Avg 0.55 1,700  4.0
84 Baroda BNP Paribas Flexi Cap 45.5 - - - 23 - - - 64 30 3 4 - - - 0.92 1,369 NR -
85 Baroda BNP Paribas Focused 42.7 20.0 22.2 - 29 23 21 - 87 9 - 5 2.3 0.2 -Avg 0.43 710  3.0
86 Canara Robeco Flexi Cap 39.6 16.6 23.2 15.8 50 50 17 16 78 19 - 3 -0.8 -0.7 -Avg 0.53 13,415  3.9
87 Canara Robeco Focused Equity 41.8 19.8 - - 33 24 - - 84 9 2 6 2.6 0.1 -Avg 0.45 2,488  4.0
88 DSP Flexi Cap 41.0 17.6 23.6 16.6 39 39 15 11 63 28 7 2 -0.9 -0.2 Avg 0.67 11,879  3.4
89 DSP Focus 45.9 17.9 21.3 15.3 21 37 26 21 63 32 2 3 -0.5 -0.1 +Avg 0.94 2,593  2.0
90 Edelweiss Flexi Cap 51.7 22.7 25.3 - 12 14 11 - 80 17 2 1 3.5 0.9 Avg 0.46 2,248  3.2
91 Edelweiss Focused 47.1 - - - 18 - - - 86 13 - 1 - - - 0.60 877 NR -
92 Franklin India Flexi Cap 46.2 23.5 26.1 17.5 20 13 8 5 75 18 2 5 4.6 1.1 Avg 0.95 17,417  3.6
93 Franklin India Focused Equity 40.6 21.8 24.6 17.6 42 16 12 4 79 18 1 2 3.9 0.5 +Avg 0.95 12,546  3.6
94 HDFC Flexi Cap 45.6 27.8 25.7 16.6 22 4 9 13 78 8 2 12 8.5 1.7 Avg 0.76 61,572  3.3
95 HDFC Focused 30 45.4 29.7 26.6 15.7 24 2 7 17 70 10 6 14 11.1 1.5 -Avg 0.50 13,795  3.0
96 HDFC Retirement Savings Equity 39.1 24.3 27.8 - 52 11 2 - 63 21 10 7 6.8 1.2 Low 0.66 5,852  4.8
97 Helios Flexi Cap - - - - - - - - 62 25 7 6 - - - 0.53 1,776 NR -
98 HSBC Flexi Cap 49.6 22.6 23.1 15.4 15 15 18 20 64 26 9 1 4.4 0.9 -Avg 1.16 4,982  2.6
99 HSBC Focused 42.4 17.3 - - 32 45 - - 58 33 9 0 -0.3 -0.3 +Avg 0.89 1,762  -- 2.4
100 ICICI Pru BSE 500 ETF FOF 39.9 - - - 47 - - - 79 18 2 0 - - - 0.13 123 NR -
101 ICICI Pru Flexicap 47.9 23.7 - - 17 12 - - 69 16 13 2 6.4 0.8 Low 0.73 16,772  4.0
102 ICICI Pru Focused Equity 52.5 25.0 27.4 16.6 9 8 4 10 83 12 - 5 6.1 1.1 -Avg 0.56 9,745  3.8
Equity: Flexi Cap 42.2 19.3 22.3 16.0 78 63 49 31 67 22 8 4 1.6 0.1 0.76 7,065
BSE 500 TRI 41.1 18.9 22.9 15.4
Data pertains to direct plans. ETFs and index funds are excluded and covered in their own scoreboards. Portfolio and AUM data as of July 31, 2024; all other data as of August 31, 2024.

64 Mutual Fund Insight October 2024

Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.
 Performance Portfolio Composition (%)
Returns (%) Rank Large Mid Small Cash & Info. Risk Expense Assets Fund Average
S.No. Fund Name 1Y 3Y 5Y 10Y 1Y 3Y 5Y 10Y Cap Cap Cap Others Alpha Ratio Grade Ratio (%) (` cr) Rating Rating

Equity: Flexi Cap

103 ICICI Pru India Equity FOF 51.7 25.7 - - 11 7 - - 73 14 3 10 7.5 1.3 Low 0.68 131  5.0
104 ICICI Pru Passive Strategy (FOF) 39.9 19.1 21.0 14.5 46 30 31 - 87 9 0 4 1.8 0.0 -Avg 0.21 185  2.8
105 ICICI Pru Retirement Pure Equity 51.7 28.6 27.2 - 10 3 5 - 64 26 6 4 10.6 0.9 Low 0.76 944  4.7
106 Invesco India Flexi Cap 55.2 - - - 7 - - - 65 26 5 5 - - - 0.61 1,985 NR -
107 Invesco India Focused 69.2 24.9 - - 1 9 - - 69 21 3 6 5.5 0.8 +Avg 0.58 2,937  3.5
108 ITI Flexi Cap 51.1 - - - 13 - - - 52 26 20 2 - - - 0.45 1,184 NR -
109 ITI Focused Equity 49.8 - - - 14 - - - 67 23 4 6 - - - 0.44 482 NR -
110 JM Flexicap 64.5 30.9 29.4 20.3 3 1 1 1 44 33 21 2 10.5 1.9 Low 0.41 3,855  3.9
111 JM Focused 48.4 24.7 21.4 16.4 16 10 25 14 48 36 11 5 5.7 0.9 +Avg 1.01 147  1.7
112 Kotak Flexicap 38.2 18.0 20.7 16.9 55 36 33 8 80 19 - 2 0.1 -0.2 Avg 0.57 53,783  3.0
113 Kotak Focused Equity 41.1 18.5 22.2 - 38 32 22 - 86 12 - 2 0.9 -0.2 -Avg 0.50 3,661  3.0
114 LIC MF Children's 30.8 14.1 16.0 10.9 74 58 49 - 56 15 18 11 -1.9 -1.0 High 1.71 17  1.3
115 LIC MF Flexi Cap 36.4 17.4 20.3 13.1 59 41 39 30 40 31 26 3 -0.4 -0.3 -Avg 1.39 1,112  2.3
116 Mahindra Manulife Flexi Cap 38.7 20.5 - - 54 20 - - 69 23 7 1 1.9 0.4 -Avg 0.39 1,472  3.0
117 Mahindra Manulife Focused 56.5 26.2 - - 5 6 - - 86 7 3 4 7.0 1.4 -Avg 0.39 1,691  4.0
118 Mirae Asset Flexi Cap 35.1 - - - 63 - - - 69 21 7 3 - - - 0.54 2,189 NR -
119 Mirae Asset Focused 25.2 11.7 21.0 - 77 61 30 - 44 43 12 2 -4.2 -1.3 +Avg 0.59 8,422  -- 3.4
120 Motilal Oswal Flexi Cap 55.6 19.5 19.8 18.0 6 25 43 3 61 20 4 16 2.3 0.1 +Avg 0.89 11,466  1.3
121 Motilal Oswal Focused 41.0 15.9 20.4 15.6 40 53 38 19 30 50 19 1 -0.8 -0.4 Avg 0.91 2,075  2.4
122 Navi Flexi Cap 32.1 18.1 21.2 - 71 35 28 - 57 22 14 7 0.0 -0.2 +Avg 0.43 277  2.9
123 Nippon India Flexi Cap 40.8 20.6 - - 41 19 - - 64 24 9 3 2.2 0.4 Avg 0.43 8,206  4.0
124 Nippon India Focused Equity 34.3 19.2 24.5 17.1 68 29 13 6 54 30 11 6 0.8 0.1 High 1.14 8,852  3.1
125 Nippon India Passive Flexicap FoF 39.7 18.4 - - 48 33 - - 77 20 3 0 -0.4 -0.2 +Avg 0.20 251  3.0
126 Nippon India Retirement Wealth Creation 44.1 21.2 20.7 - 27 18 34 - 68 24 7 1 2.0 0.8 High 0.95 3,453  ++ 1.4
127 NJ Flexi Cap - - - - - - - - 64 34 0 1 - - - 0.45 1,635 NR -
128 Old Bridge Focused Equity - - - - - - - - 39 33 23 5 - - - 1.35 590 NR -
129 Parag Parikh Flexi Cap 40.1 19.4 27.5 19.4 45 27 3 2 72 12 1 16 3.7 0.0 Low 0.63 75,956  5.0
130 PGIM India Flexi Cap 32.0 13.3 25.7 - 72 59 10 - 75 22 1 2 -3.8 -1.0 +Avg 0.43 6,418  4.5
131 Quant Flexi Cap 58.0 27.2 37.8 22.2 4 - - - 77 14 1 8 6.4 1.0 - 0.59 7,436 NR -
132 Quantum Equity FoF 39.6 17.1 20.4 14.6 49 48 37 25 71 23 2 4 -0.3 -0.6 Avg 0.51 133  2.4
133 Samco Flexi Cap 20.3 - - - 78 - - - 41 56 - 3 - - - 0.93 686 NR -
134 SBI Flexicap 32.9 15.5 19.8 16.4 69 54 42 15 66 23 10 2 -1.1 -0.9 Avg 0.82 22,816  3.0
135 SBI Focused Equity 31.1 14.2 21.1 16.7 73 57 29 9 66 24 1 9 -0.4 -0.5 Avg 0.73 35,728  3.5
136 SBI Retirement Benefit Aggressive 32.4 21.3 - - 70 17 - - 60 31 7 2 4.3 0.4 Low 0.81 2,736  4.0
137 Shriram Flexi Cap 46.6 19.5 20.4 - 19 26 36 - 62 29 5 4 1.4 0.1 Avg 0.95 126  2.2
138 Sundaram Flexi Cap 34.7 - - - 65 - - - 80 14 6 1 - - - 0.58 2,186 NR -
139 Sundaram Focused 37.4 17.1 23.5 15.7 58 47 16 18 85 8 5 2 -0.8 -0.4 Avg 1.21 1,138  3.6
140 Tata Flexi Cap 35.8 16.6 20.6 - 60 49 35 - 53 35 7 5 -0.3 -0.5 -Avg 0.66 3,049  2.8
141 Tata Focused Equity 43.4 20.1 - - 28 22 - - 67 23 7 3 1.4 0.3 Avg 0.61 1,877  -- 3.4
142 Tata Retirement Savings Progressive 40.2 17.5 20.9 17.1 44 40 32 7 52 31 13 3 0.7 -0.3 -Avg 0.54 2,100  2.8
143 Tata Young Citizens 34.3 17.3 22.6 14.4 67 44 - - 55 20 18 6 -0.4 -0.4 +Avg 2.18 383  3.0
144 Taurus Flexi Cap 41.4 18.2 18.5 11.6 35 34 45 31 68 17 13 2 -1.2 -0.1 High 2.62 392  1.0
145 TRUSTMF Flexi Cap - - - - - - - - 67 18 11 5 - - - 0.50 670 NR -
146 Union Children's - - - - - - - - 63 19 15 4 - - - 0.86 55 NR -
147 Union Flexi Cap 35.5 17.3 23.6 14.2 62 46 14 29 65 17 13 5 0.2 -0.4 -Avg 0.87 2,276  4.0
148 Union Focused 30.0 14.5 21.4 - 75 56 24 - 81 5 9 6 -1.5 -0.9 Avg 1.51 427  3.4
149 Union Retirement 37.4 - - - 57 - - - 66 19 12 4 - - - 1.16 144 NR -
150 UTI Children's Equity 38.2 15.4 22.0 15.0 56 55 23 23 69 26 3 2 -2.2 -0.7 +Avg 1.18 1,148  2.6
151 UTI Flexi Cap 28.2 8.9 20.0 14.3 76 62 40 26 64 29 3 4 -8.0 -1.4 High 1.00 26,396  3.1
152 UTI Focused 42.5 19.1 - - 30 31 - - 82 17 - 2 1.6 0.0 -Avg 0.64 2,825  3.0
153 WhiteOak Capital Flexi Cap 40.4 - - - 43 - - - 62 21 13 4 - - - 0.40 3,850 NR -
Equity: Flexi Cap 42.2 19.3 22.3 16.0 78 63 49 31 67 22 8 4 1.6 0.1 0.76 7,065
BSE 500 TRI 41.1 18.9 22.9 15.4
Equity: Mid Cap
154 ABSL Mid Cap 45.3 23.3 26.9 18.0 23 19 21 19 24 72 2 2 -1.9 -0.9 +Avg 1.02 6,098  1.5
155 Axis Midcap 46.9 20.5 27.7 19.9 21 23 19 10 45 53 - 2 -2.2 -0.9 Avg 0.53 30,855  4.1
Data pertains to direct plans. ETFs and index funds are excluded and covered in their own scoreboards. Portfolio and AUM data as of July 31, 2024; all other data as of August 31, 2024.

Mutual Fund Insight October 2024 65

Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.
 SCOREBOARD: EQUITY FUNDS
Performance Portfolio Composition (%)
Returns (%) Rank Large Mid Small Cash & Info. Risk Expense Assets Fund Average
S.No. Fund Name 1Y 3Y 5Y 10Y 1Y 3Y 5Y 10Y Cap Cap Cap Others Alpha Ratio Grade Ratio (%) (` cr) Rating Rating

Equity: Mid Cap

156 Bandhan Midcap 50.6 - - - 16 - - - 42 52 3 3 - - - 0.57 1,459 NR -
157 Baroda BNP Paribas Midcap 51.1 24.9 30.9 20.0 14 14 11 9 31 62 4 4 1.1 -0.5 -Avg 0.54 2,174  3.1
158 Canara Robeco Mid Cap 48.8 - - - 18 - - - 47 49 1 3 - - - 0.56 2,670 NR -
159 DSP Midcap 45.5 19.9 25.4 18.9 22 24 23 14 22 71 4 3 -5.8 -1.3 +Avg 0.70 20,014  2.2
160 Edelweiss Mid Cap 61.3 29.4 34.4 22.7 3 5 3 2 44 52 2 2 2.6 0.3 Avg 0.38 6,994  4.0
161 Franklin India Prima 53.9 24.5 26.7 19.2 13 16 22 12 32 61 3 3 -1.5 -0.7 +Avg 0.96 12,529  2.0
162 HDFC Mid-Cap Opportunities 47.7 30.2 31.6 20.9 20 4 9 5 32 54 6 8 4.0 0.5 -Avg 0.72 75,382  3.3
163 HSBC Midcap 60.9 26.1 28.3 20.2 4 11 16 8 55 40 3 2 1.9 -0.3 -Avg 0.67 11,882  2.2
164 ICICI Pru Midcap 55.8 25.2 28.7 18.6 10 13 15 18 38 59 1 2 -1.0 -0.4 +Avg 1.01 6,683  2.6
165 Invesco India Mid Cap 56.0 27.8 31.4 21.2 9 8 10 4 36 60 4 0 1.6 0.0 Avg 0.58 5,438  3.4
166 ITI Mid Cap 68.9 27.9 - - 1 7 - - 45 46 4 5 1.7 0.0 Avg 0.43 1,085  3.0
167 JM Midcap 58.1 - - - 5 - - - 25 61 13 1 - - - 0.28 1,620 NR -
168 Kotak Emerging Equity 49.8 26.3 31.7 22.3 17 10 8 3 33 61 1 4 2.3 -0.3 Low 0.34 50,602  4.0
169 LIC MF Midcap 56.1 22.8 27.3 - 8 21 20 - 29 58 11 2 -3.9 -0.9 High 1.57 320  1.3
170 Mahindra Manulife Mid Cap 57.9 30.4 33.7 - 6 3 5 - 50 46 1 3 2.3 0.6 Avg 0.43 3,166  3.4
171 Mirae Asset Midcap 43.7 24.2 31.7 - 25 17 7 - 28 62 8 1 -1.4 -0.8 +Avg 0.57 17,455  3.5
172 Motilal Oswal Midcap 64.9 38.9 35.3 23.1 2 1 2 1 51 31 1 17 11.4 1.0 Low 0.60 14,446  4.1
173 Nippon India Growth 54.2 29.2 32.6 20.8 12 6 6 6 43 54 2 2 2.5 0.3 Avg 0.79 32,971  4.0
174 PGIM India Midcap Opportunities 35.1 18.4 34.3 19.1 29 25 4 13 45 49 2 4 -4.2 -1.2 Avg 0.45 11,268  4.4
175 Quant Mid Cap 57.4 33.2 39.4 21.5 7 2 1 - 40 48 - 12 6.1 0.5 Avg 0.58 9,283  4.5
176 SBI Magnum Midcap 38.2 24.6 30.8 19.5 27 15 12 11 22 66 7 5 2.4 -0.4 -Avg 0.78 21,127  3.6
177 Sundaram Midcap 55.8 27.5 28.2 18.8 11 9 17 15 38 56 1 5 1.8 -0.1 Avg 0.91 12,465  1.9
178 Tata Midcap Growth 48.4 25.4 29.8 20.3 19 12 14 7 34 61 3 1 0.5 -0.5 -Avg 0.73 4,467  3.0
179 Taurus Mid Cap 35.4 23.3 27.9 18.7 28 20 18 16 18 59 21 1 -4.0 -0.6 High 2.27 140  -- 2.3
180 Union Midcap 45.2 23.8 - - 24 18 - - 45 49 5 2 -0.9 -0.6 Avg 0.65 1,372  3.0
181 UTI Mid Cap 43.6 22.5 29.9 18.7 26 22 13 17 28 65 6 2 -2.2 -1.1 +Avg 0.89 12,400  2.9
182 WhiteOak Capital Mid Cap 51.1 - - - 15 - - - 36 51 9 4 - - - 0.38 2,311 NR -
Equity: Mid Cap 51.3 26.0 30.6 20.0 29 25 23 19 36 56 5 4 0.5 -0.3 0.72 13,058
BSE 150 MidCap TRI 53.5 27.8 32.8 21.3
Equity: Small Cap
183 ABSL Small Cap 37.0 20.9 26.7 17.9 23 22 19 12 2 48 47 3 -2.7 -1.2 High 0.91 5,359  1.0
184 Axis Small Cap 39.0 24.8 31.4 22.2 18 19 18 4 6 53 32 9 4.1 -0.4 Low 0.54 23,399  4.9
185 Bandhan Small Cap 76.5 30.9 - - 1 5 - - 11 39 41 9 4.5 0.4 +Avg 0.35 6,640  2.3
186 Bank of India Small Cap 52.3 29.1 41.2 - 7 8 2 - 8 50 39 3 4.9 0.1 Avg 0.54 1,341  4.2
187 Baroda BNP Paribas Small Cap - - - - - - - - 5 65 24 6 - - - 0.53 1,545 NR -
188 Canara Robeco Small Cap 42.7 27.7 38.2 - 13 12 4 - 14 56 26 4 4.8 -0.1 Avg 0.42 12,028  ++ 4.0
189 DSP Small Cap 40.9 27.3 33.9 22.0 17 13 9 5 - 30 63 6 2.0 -0.1 +Avg 0.80 16,085  2.5
190 Edelweiss Small Cap 44.3 28.6 36.8 - 11 10 5 - 6 54 37 3 4.5 0.0 -Avg 0.40 3,986  4.0
191 Franklin India Smaller Companies 49.4 31.4 32.8 20.7 9 3 13 8 5 56 34 5 7.2 0.4 Avg 0.90 14,475  2.4
192 HDFC Small Cap 37.6 28.1 31.7 21.7 21 11 17 7 6 45 41 8 3.8 0.0 +Avg 0.66 33,182  2.8
193 HSBC Small Cap 43.8 30.9 33.9 21.7 12 4 10 6 8 65 24 3 6.0 0.4 Avg 0.68 16,905  3.1
194 ICICI Pru Smallcap 37.4 26.0 32.7 18.6 22 16 15 10 11 39 36 13 4.5 -0.3 -Avg 0.69 8,770  3.5
195 Invesco India Smallcap 57.1 29.0 35.9 - 4 9 7 - 10 64 24 1 5.7 0.1 -Avg 0.41 4,860  2.9
196 ITI Small Cap 63.6 26.8 - - 2 14 - - 19 55 25 2 3.3 -0.2 +Avg 0.25 2,313  1.2
197 JM Small Cap - - - - - - - - 1 45 51 2 - - - 0.53 454 NR -
198 Kotak Small Cap 42.2 23.9 35.6 22.5 15 21 8 3 12 53 32 4 2.3 -0.5 Avg 0.48 17,507  3.8
199 LIC MF Small Cap 56.5 30.2 33.2 - 5 6 12 - 3 37 57 3 6.2 0.2 Avg 1.53 318  2.6
200 Mahindra Manulife Small Cap 61.5 - - - 3 - - - 12 52 30 7 - - - 0.29 5,035 NR -
201 Motilal Oswal Small Cap - - - - - - - - 12 34 48 5 - - - 0.50 2,141 NR -
202 Nippon India Small Cap 49.8 33.4 39.9 25.5 8 2 3 1 16 45 34 4 8.0 0.8 Avg 0.65 60,373  4.1
203 PGIM India Small Cap 37.7 19.2 - - 20 23 - - 2 52 40 6 -3.9 -1.1 +Avg 0.52 1,533  1.0
204 Quant Small Cap 55.4 34.0 50.9 22.6 6 1 1 - 18 38 30 13 6.1 0.9 High 0.64 24,530 ++ 3.9
205 Quantum Small Cap - - - - - - - - 12 25 47 16 - - - 0.60 71 NR -
206 SBI Small Cap 38.7 25.4 31.8 25.1 19 18 16 2 - 55 35 11 4.8 -0.3 Low 0.63 32,761  3.6
Equity: Small Cap 47.1 27.5 35.2 21.2 24 23 19 12 8 48 39 6 4.0 -0.1 0.61 11,199
BSE 250 SmallCap TRI 49.8 27.8 32.7 17.0
Data pertains to direct plans. ETFs and index funds are excluded and covered in their own scoreboards. Portfolio and AUM data as of July 31, 2024; all other data as of August 31, 2024.

66 Mutual Fund Insight October 2024

Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.
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Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.

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Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.
 Performance Portfolio Composition (%)
Returns (%) Rank Large Mid Small Cash & Info. Risk Expense Assets Fund Average
S.No. Fund Name 1Y 3Y 5Y 10Y 1Y 3Y 5Y 10Y Cap Cap Cap Others Alpha Ratio Grade Ratio (%) (` cr) Rating Rating

Equity: Small Cap

207 Sundaram Small Cap 42.4 26.0 32.7 18.8 14 15 14 9 6 53 37 4 2.8 -0.4 +Avg 0.81 3,415  2.0
208 Tata Small Cap 48.1 29.9 36.5 - 10 7 6 - - 34 58 7 7.4 0.1 -Avg 0.29 8,449  4.0
209 Union Small Cap 34.2 23.9 33.6 18.2 24 20 11 11 1 45 47 6 1.7 -0.4 +Avg 0.90 1,588  2.6
210 UTI Small Cap 41.6 25.6 - - 16 17 - - 3 52 42 3 2.8 -0.3 Avg 0.67 4,503  -- 2.6
Equity: Small Cap 47.1 27.5 35.2 21.2 24 23 19 12 8 48 39 6 4.0 -0.1 0.61 11,199
BSE 250 SmallCap TRI 49.8 27.8 32.7 17.0
Equity: Value Oriented
211 ABSL Pure Value 49.5 25.0 25.9 16.4 12 10 10 11 45 37 15 3 5.5 0.9 High 1.00 6,596  1.0
212 Axis Value 54.2 - - - 6 - - - 64 21 13 2 - - - 0.96 683 NR -
213 Bandhan Sterling Value 42.2 25.6 29.9 18.9 23 9 3 3 70 16 9 6 7.9 1.2 +Avg 0.68 10,242  3.6
214 Baroda BNP Paribas Value 48.6 - - - 14 - - - 72 17 8 3 - - - 0.83 1,761 NR -
215 Canara Robeco Value 45.1 - - - 19 - - - 68 23 7 3 - - - 0.60 1,297 NR -
216 DSP Value 42.4 18.3 - - 22 18 - - 49 15 6 30 2.8 0.1 -Avg 0.93 896  2.7
217 Groww Value 43.5 19.0 22.0 - 20 17 15 - 77 2 11 9 1.9 0.4 +Avg 0.90 33  1.9
218 HDFC Capital Builder Value 50.1 22.6 24.1 16.6 10 13 14 10 73 17 9 1 4.6 1.3 High 0.97 7,608  2.0
219 HSBC Value 54.0 27.5 28.4 20.0 8 4 7 1 48 39 12 2 9.0 1.4 Avg 0.77 13,820  3.1
220 ICICI Pru Value Discovery 47.7 27.1 28.5 17.9 16 5 5 8 76 10 1 13 10.3 1.4 Low 0.98 48,806  4.5
221 Invesco India Contra 54.2 23.8 26.5 19.5 7 12 9 2 69 26 3 3 6.0 1.3 -Avg 0.52 17,269  3.5
222 ITI Value 52.5 24.1 - - 9 11 - - 55 22 19 5 6.2 1.2 Avg 0.48 287  3.0
223 JM Value 61.3 32.0 30.9 20.7 2 1 2 - 38 34 26 3 13.1 1.5 Avg 0.90 986  3.2
224 Kotak India EQ Contra 57.1 25.8 26.8 18.8 3 8 8 5 66 26 6 2 7.4 1.9 -Avg 0.55 3,760  4.2
225 LIC MF Value 46.8 - - - 17 - - - 49 24 25 2 3.0 0.7 High 1.60 123  2.2
226 Nippon India Value 56.8 26.2 28.5 18.8 4 7 6 4 62 23 10 5 7.2 1.7 Avg 1.14 8,560  3.1
227 Quant Value 73.1 - - - 1 - - - 56 19 13 11 - - - 0.45 2,087 NR -
228 Quantum Long Term Equity Value 46.1 19.9 20.7 13.8 18 16 16 13 71 14 2 13 3.2 0.6 Avg 1.10 1,200  2.0
229 SBI Contra 47.9 30.4 33.7 18.6 15 2 1 7 57 25 5 13 12.3 2.2 Low 0.57 37,846  4.7
230 Tata Equity PE 56.5 26.8 25.4 18.7 5 6 11 6 64 25 8 3 8.5 1.9 -Avg 0.80 8,865  2.7
231 Templeton India Value 49.2 28.4 29.1 17.3 13 3 4 9 64 18 13 5 9.8 1.9 +Avg 0.86 2,247  3.2
232 Union Value 42.7 22.5 25.2 - 21 14 12 - 64 13 19 4 5.5 1.0 Avg 1.34 282  2.7
233 UTI Value 49.8 21.2 25.2 15.3 11 15 13 12 68 24 4 4 3.9 0.8 -Avg 1.14 10,356  ++ 3.5
Equity: Value Oriented 50.9 24.8 26.9 17.7 23 18 16 13 62 21 11 6 6.7 1.2 0.87 8,070
BSE 100 TRI 36.9 17.0 20.7 14.3
Equity: ELSS
234 ABSL ELSS Tax Saver 38.5 14.6 17.1 14.5 29 32 32 23 69 24 5 1 -2.8 -1.4 High 0.92 16,820  1.3
235 Axis ELSS Tax Saver 38.9 10.2 17.9 15.5 26 33 31 15 84 14 0 2 -7.8 -1.0 High 0.78 38,278  2.2
236 Bandhan ELSS Tax Saver 35.2 21.9 26.9 18.5 32 11 5 5 75 14 10 2 3.4 0.6 +Avg 0.63 7,179  4.1
237 Bank of India ELSS Tax Saver 55.5 22.4 30.7 19.7 4 8 2 2 67 19 13 1 2.9 0.6 Avg 0.96 1,485  4.4
238 Baroda BNP Paribas ELSS Tax Saver 46.9 19.5 22.7 15.4 12 19 19 16 59 33 5 3 1.3 0.1 -Avg 0.97 951  2.8
239 Canara Robeco ELSS Tax Saver 41.3 17.8 25.1 16.8 20 29 9 10 70 24 2 4 0.1 -0.3 -Avg 0.51 8,876  4.3
240 DSP ELSS Tax Saver 51.2 22.0 26.1 18.7 7 9 8 4 71 25 3 1 3.1 0.7 Avg 0.68 17,268  4.0
241 Edelweiss ELSS Tax Saver 43.4 19.8 22.7 15.8 19 18 20 13 75 20 3 2 1.5 0.2 Avg 0.70 392  3.0
242 Franklin India ELSS Tax Saver 47.3 23.5 24.3 16.8 11 6 13 11 76 19 2 3 4.5 1.2 Avg 0.99 7,060  2.8
243 Groww ELSS Tax Saver 45.2 18.5 20.1 - 16 24 30 - 79 6 10 5 0.4 -0.1 Avg 0.55 49  1.9
244 HDFC ELSS Tax Saver 48.8 26.0 24.4 14.8 10 3 12 20 80 8 4 9 7.5 1.7 Low 1.08 16,145  2.4
245 HSBC ELSS Tax Saver 50.9 20.9 22.7 16.0 8 14 18 12 64 28 7 1 2.3 0.3 +Avg 1.10 4,374  1.9
246 ICICI Pru ELSS Tax Saver 39.5 17.9 22.2 15.3 24 28 24 17 71 18 6 5 0.5 -0.2 +Avg 1.06 14,564  2.9
247 Invesco India ELSS Tax Saver 45.7 18.6 22.8 17.3 14 22 17 8 61 30 7 2 -0.1 0.0 +Avg 0.75 2,946  2.8
248 ITI ELSS Tax Saver 58.7 23.2 - - 2 7 - - 53 28 15 5 5.0 0.6 -Avg 0.48 386  2.9
249 JM ELSS Tax Saver 54.8 24.8 26.7 19.1 5 5 6 3 44 33 23 0 5.1 0.9 +Avg 1.13 173  3.5
250 Kotak ELSS Tax Saver 40.5 21.3 24.7 18.1 21 13 11 6 73 22 4 1 3.9 0.4 Low 0.52 6,335  4.3
251 LIC MF ELSS Tax Saver 38.7 18.6 20.6 15.8 27 23 29 14 64 23 10 3 0.9 -0.1 Avg 0.96 1,188  2.5
252 Mahindra Manulife ELSS Tax Saver 35.0 18.8 24.0 - 33 20 14 - 71 24 4 1 0.6 -0.1 Avg 0.56 969  3.2
253 Mirae Asset ELSS Tax Saver 39.8 18.7 25.0 - 22 21 10 - 69 21 8 2 0.7 -0.1 Avg 0.58 25,617  4.6
254 Motilal Oswal ELSS Tax Saver 64.2 25.8 27.2 - 1 4 4 - 51 46 2 1 6.3 1.0 -Avg 0.65 3,835  3.2
Equity: ELSS 44.1 20.4 23.9 16.6 36 33 32 25 66 24 7 4 2.2 0.2 0.86 6,859
BSE 500 TRI 41.1 18.9 22.9 15.4
Data pertains to direct plans. ETFs and index funds are excluded and covered in their own scoreboards. Portfolio and AUM data as of July 31, 2024; all other data as of August 31, 2024.

Mutual Fund Insight October 2024 67

Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.
 SCOREBOARD: EQUITY FUNDS
Performance Portfolio Composition (%)
Returns (%) Rank Large Mid Small Cash & Info. Risk Expense Assets Fund Average
S.No. Fund Name 1Y 3Y 5Y 10Y 1Y 3Y 5Y 10Y Cap Cap Cap Others Alpha Ratio Grade Ratio (%) (` cr) Rating Rating

Equity: ELSS
255 Nippon India ELSS Tax Saver 45.2 21.4 23.4 13.5 15 12 16 25 72 21 4 3 2.4 0.8 High 1.01 16,547  1.4
256 NJ ELSS Tax Saver Scheme 49.9 - - - 9 - - - 59 41 - 1 - - - 0.51 237 NR -
257 Parag Parikh ELSS Tax Saver 38.4 22.0 26.4 - 30 10 7 - 68 8 8 16 6.4 0.3 Low 0.62 4,017  5.0
258 PGIM India ELSS Tax Saver 29.4 17.3 22.1 - 36 30 25 - 68 25 3 4 0.5 -0.3 Avg 0.74 760  3.8
259 Quant ELSS Tax Saver Fund 52.4 27.5 38.2 24.9 6 2 1 1 87 7 1 5 6.6 1.0 +Avg 0.65 11,065  5.0
260 Quantum ELSS Tax Saver 45.9 19.9 20.8 13.9 13 16 27 24 69 14 2 15 2.3 0.2 Avg 0.90 208  2.1
261 Samco ELSS Tax Saver 31.2 - - - 35 - - - 18 71 11 0 - - - 0.95 120 NR -
262 SBI Long Term Equity 58.6 28.5 28.5 16.9 3 1 3 9 64 23 6 8 8.2 1.9 -Avg 0.93 27,527  3.4
263 Shriram ELSS Tax Saver 43.5 18.2 20.6 - 18 27 28 - 62 29 3 7 0.6 -0.1 -Avg 0.89 57  2.6
264 Sundaram ELSS Tax Saver 34.7 18.4 22.3 14.6 34 26 23 21 72 17 5 5 1.0 -0.2 Avg 1.65 1,395  3.0
265 Tata ELSS Tax Saver 39.0 20.5 22.6 17.9 25 15 21 7 62 18 15 5 1.8 0.4 Avg 0.69 4,722  3.0
266 Taurus ELSS Tax Saver 39.6 19.9 21.2 15.2 23 17 26 18 59 25 14 2 3.3 0.1 Low 1.90 83  2.9
267 Union ELSS Tax Saver 36.2 18.4 23.8 14.5 31 25 15 22 67 18 11 4 1.1 -0.2 -Avg 1.32 960  -- 3.6
268 UTI ELSS Tax Saver 38.6 15.9 22.5 15.1 28 31 22 19 69 26 3 1 -1.8 -0.6 +Avg 0.89 4,058  2.8
269 WhiteOak Capital ELSS Tax Saver 44.7 - - - 17 - - - 56 25 18 1 - - - 0.70 264 NR -
Equity: ELSS 44.1 20.4 23.9 16.6 36 33 32 25 66 24 7 4 2.2 0.2 0.86 6,859
BSE 500 TRI 41.1 18.9 22.9 15.4
Equity: Sectoral-Banking
270 ABSL Banking & Financial Services 22.8 14.3 17.1 16.5 15 11 6 2 64 26 8 3 2.0 0.2 High 1.01 3,256  2.6
271 Bandhan Financial Services 40.6 - - - 3 - - - 66 22 8 4 - - - 0.60 920 NR -
272 Baroda BNP Paribas Banking & Fin Srvcs 29.6 14.9 15.0 12.9 6 9 9 7 76 17 6 1 2.3 0.3 +Avg 0.98 165  2.0
273 DSP Banking & Financial Services - - - - - - - - 77 18 2 3 - - - 0.75 819 NR -
274 Groww Banking & Financial Services - - - - - - - - 78 10 9 3 - - - 0.36 41 NR -
275 HDFC Banking & Financial Services 26.9 16.0 - - 10 6 - - 71 16 12 1 3.6 0.4 Avg 0.63 3,597  4.0
276 Helios Financial Services - - - - - - - - 74 17 5 4 - - - 0.76 105 NR -
277 ICICI Pru Banking & Financial Services 26.0 13.9 16.1 15.8 11 12 8 4 78 10 5 7 2.0 0.1 Avg 1.03 7,605  3.0
278 Invesco India Financial Services 43.2 18.7 19.8 17.8 2 3 2 1 66 25 7 2 6.2 0.6 -Avg 0.93 949  3.7
279 ITI Banking and Financial Services 21.3 - - - 16 - - - 70 23 5 2 - - - 0.44 269 NR -
280 Kotak Banking & Financial Services 28.0 - - - 8 - - - 79 12 9 1 - - - 0.69 931 NR -
281 LIC MF Banking & Financial Services 16.6 12.6 13.8 - 17 13 11 - 60 24 13 3 0.1 -0.1 +Avg 1.05 296  1.5
282 Mirae Asset Banking and Fin Srvcs 24.9 16.1 - - 12 5 - - 63 22 14 1 3.6 0.4 Avg 0.60 1,835  4.0
283 Nippon India Banking & Financial Srvices 28.4 18.8 18.6 15.2 7 2 3 5 74 19 5 2 5.8 0.9 Avg 1.08 6,029  3.2
284 Quant BFSI 51.1 - - - 1 - - - 52 37 4 7 - - - 0.68 653 NR -
285 SBI Banking & Financial Services 36.7 16.2 18.3 - 4 4 4 - 75 18 5 2 3.8 0.4 -Avg 0.73 5,980  4.3
286 Sundaram Financial Services Opp 33.8 20.3 20.8 16.2 5 1 1 3 64 20 14 3 7.3 1.1 Low 0.76 1,409  4.5
287 Tata Banking & Financial Services 23.9 15.9 17.8 - 14 7 5 - 55 25 16 4 3.5 0.4 -Avg 0.45 2,253  3.9
288 Taurus Banking & Financial Services 24.2 14.7 16.2 13.4 13 10 7 6 77 17 5 1 2.2 0.3 Avg 1.78 11  3.2
289 UTI Banking and Financial Services 27.5 15.0 14.9 12.8 9 8 10 8 71 18 7 3 2.7 0.3 +Avg 1.25 1,145  1.6
290 WhiteOak Capital Banking & Fin Srvices - - - - - - - - 68 21 9 2 - - - 0.66 222 NR -
Equity: Sectoral-Banking 29.7 16.0 17.1 15.1 17 13 11 8 69 20 8 3 3.5 0.4 0.82 1,833
BSE Bankex TRI 19.2 13.0 14.1 13.1
Equity: Sectoral-Infrastructure
291 ABSL Infrastructure 50.2 29.6 30.3 16.7 19 16 15 17 47 27 23 3 1.8 -1.1 High 1.32 1,278  1.8
292 Bandhan Infrastructure 78.7 35.4 34.9 20.3 2 7 4 4 35 22 26 17 5.9 -0.7 +Avg 0.82 1,934  2.2
293 Bank of India Manufacturing & Infra 63.1 32.3 35.6 20.0 9 14 2 6 41 34 21 3 7.4 -0.8 -Avg 0.94 463  3.8
294 Canara Robeco Infrastructure 69.8 34.2 33.3 18.9 4 11 7 10 58 31 7 4 8.2 -0.7 -Avg 0.96 884  ++ 3.4
295 DSP T.I.G.E.R. 64.9 36.4 33.2 19.8 8 5 8 7 42 31 20 7 8.9 -0.6 Avg 0.89 5,360  3.1
296 Franklin Build India 66.9 35.6 32.0 21.7 7 6 11 1 53 29 14 4 7.5 -0.7 Avg 0.91 2,881  3.2
297 HDFC Infrastructure 59.9 38.2 29.1 13.6 12 2 16 19 45 20 24 11 7.6 -0.5 High 1.11 2,533  1.0
298 HSBC Infrastructure 58.7 34.3 30.7 19.5 13 10 14 8 52 32 14 2 7.9 -0.7 Avg 0.96 2,848  2.8
299 ICICI Pru Infrastructure 62.3 38.7 34.0 18.6 10 1 5 13 51 30 12 7 9.9 -0.5 Avg 1.18 6,063  3.9
300 Invesco India Infrastructure 70.8 34.4 35.5 20.9 3 9 3 3 53 35 11 2 7.5 -0.7 -Avg 0.70 1,653  4.6
301 Kotak Infrastructure and Economic Reform 57.0 34.1 32.2 20.2 15 12 10 5 41 32 21 5 10.8 -0.6 Low 0.60 2,437  4.4
302 LIC MF Infrastructure 80.1 37.4 32.6 18.0 1 3 9 14 22 32 40 6 11.5 -0.5 -Avg 1.38 619  3.4
Equity: Sectoral-Infrastructure 63.1 33.5 32.2 18.7 19 19 19 19 48 28 18 6 6.5 -0.8 1.12 2,702
BSE India Infrastructure TRI 108.6 46.1 37.0 18.3
Data pertains to direct plans. ETFs and index funds are excluded and covered in their own scoreboards. Portfolio and AUM data as of July 31, 2024; all other data as of August 31, 2024.

68 Mutual Fund Insight October 2024

Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.
 Performance Portfolio Composition (%)
Returns (%) Rank Large Mid Small Cash & Info. Risk Expense Assets Fund Average
S.No. Fund Name 1Y 3Y 5Y 10Y 1Y 3Y 5Y 10Y Cap Cap Cap Others Alpha Ratio Grade Ratio (%) (` cr) Rating Rating

Equity: Sectoral-Infrastructure
303 Nippon India Power & Infra 67.9 36.8 34.0 18.7 6 4 6 12 57 30 11 2 7.7 -0.6 Avg 0.98 7,537  2.7
304 Quant Infrastructure 69.0 35.2 40.9 21.4 5 8 1 2 62 18 17 3 2.3 -0.8 +Avg 0.66 4,104  4.9
305 SBI Infrastructure 60.6 32.0 30.8 18.9 11 15 13 11 42 29 19 10 8.0 -0.8 Low 1.00 4,524  4.0
306 Sundaram Infrastructure Advantage 54.2 28.0 28.1 16.7 17 17 17 16 59 26 10 5 2.3 -1.1 +Avg 1.76 1,067  2.4
307 Tata Infrastructure 57.6 33.4 32.0 19.3 14 13 12 9 39 39 19 4 6.7 -0.8 Avg 1.18 2,645  3.1
308 Taurus Infrastructure 50.6 24.8 26.9 16.8 18 19 18 15 47 23 26 3 -0.4 -1.3 Avg 2.14 10  2.8
309 UTI Infrastructure 56.1 25.9 25.7 15.0 16 18 19 18 69 15 10 6 1.2 -1.2 +Avg 1.83 2,491  2.0
Equity: Sectoral-Infrastructure 63.1 33.5 32.2 18.7 19 19 19 19 48 28 18 6 6.5 -0.8 1.12 2,702
BSE India Infrastructure TRI 108.6 46.1 37.0 18.3
Equity: Sectoral-Pharma
310 ABSL Pharma & Healthcare 56.8 18.6 27.6 - 5 8 8 - 56 31 8 5 0.7 0.1 +Avg 0.93 792  -- 2.3
311 DSP Healthcare 54.3 19.8 33.5 - 8 4 1 - 48 33 15 4 2.1 0.3 +Avg 0.57 2,756  3.1
312 HDFC Pharma And Healthcare - - - - - - - - 50 37 12 1 - - - 0.98 1,031 NR -
313 ICICI Pru Pharma Healthcare and Diagnost 62.6 22.2 33.1 - 2 1 2 - 56 25 17 2 4.2 0.8 Low 1.07 4,500  4.5
314 ITI Pharma and Healthcare 53.9 - - - 9 - - - 56 29 13 2 - - - 0.47 183 NR -
315 Kotak Healthcare - - - - - - - - 56 27 15 2 - - - 0.74 344 NR -
316 LIC MF Healthcare 56.2 14.8 25.7 - 6 9 9 - 44 42 12 2 -2.4 -0.9 High 1.21 69  1.0
317 Mirae Asset Healthcare 54.6 19.4 32.5 - 7 6 3 - 64 34 1 1 1.3 0.3 Avg 0.48 2,560  3.0
318 Nippon India Pharma 51.2 19.2 30.9 17.8 10 7 5 1 58 30 9 3 1.5 0.2 Avg 0.90 8,140  3.6
319 Quant Healthcare 64.5 - - - 1 - - - 33 39 22 6 - - - 0.68 349 NR -
320 SBI Healthcare Opportunities 48.2 21.6 31.3 15.9 11 2 4 2 54 26 16 5 4.0 0.7 -Avg 0.90 2,980  -- 4.9
321 Tata India Pharma & Healthcare 58.1 21.0 30.5 - 3 3 6 - 62 20 13 5 3.0 0.7 Avg 0.72 1,056  3.5
322 UTI Healthcare 57.1 19.6 30.2 14.9 4 5 7 3 41 41 18 1 1.6 0.3 -Avg 1.30 1,089  3.0
323 WhiteOak Capital Pharma and Helthcr - - - - - - - - 50 32 17 1 - - - 0.68 143 NR -
Equity: Sectoral-Pharma 56.1 19.6 30.6 16.2 11 9 9 3 52 32 13 3 1.8 0.2 0.83 1,857
BSE Healthcare TRI 55.7 18.3 28.2 13.1
Equity: Sectoral-Technology
324 ABSL Digital India 38.3 14.1 29.8 20.8 6 4 3 1 69 21 8 2 3.6 0.6 - 0.74 5,138 NR -
325 Edelweiss Technology - - - - - - - - 72 21 5 3 - - - 0.57 593 NR -
326 Franklin India Technology 51.5 18.5 29.5 19.1 2 1 4 4 35 31 20 14 8.1 0.7 - 1.09 1,774 NR -
327 HDFC Technology - - - - - - - - 69 24 2 5 - - - 0.97 1,217 NR -
328 ICICI Pru Technology 44.7 13.1 30.0 20.2 4 5 1 2 72 15 7 6 2.7 0.4 - 0.90 13,422 NR -
329 Kotak Technology - - - - - - - - 77 18 1 5 - - - 1.00 457 NR -
330 Quant Teck - - - - - - - - 18 46 27 9 - - - 0.78 453 NR -
331 SBI Technology Opportunities 39.3 14.7 27.7 19.1 5 3 5 3 67 24 4 5 4.4 0.5 - 0.82 4,206 NR -
332 Tata Digital India 49.9 15.6 29.9 - 3 2 2 - 75 20 3 2 4.9 0.9 - 0.35 11,377 NR -
333 Tata Nifty India Digital ETF FoF 51.8 - - - 1 - - - 72 27 1 0 - - - 0.07 65 NR -
Equity: Sectoral-Technology 45.9 15.2 29.4 19.8 6 5 5 4 63 25 8 5 4.8 0.6 0.73 3,870
BSE IT TRI 40.7 10.5 24.3 18.0
Equity: Thematic
334 360 ONE Quant 68.1 - - - 4 - - - 93 6 - 1 - - - 0.43 427 NR -
335 ABSL Business Cycle 38.2 - - - 38 - - - 67 24 7 2 - - - 0.95 1,883 NR -
336 ABSL Manufacturing Equity 50.8 20.2 23.6 - 19 15 13 - 49 35 15 1 1.2 0.3 - 1.27 1,170 NR -
337 ABSL Quant - - - - - - - - 65 22 - 13 - - - 0.36 2,635 NR -
338 ABSL Special Opportunities 45.4 19.1 - - 29 20 - - 56 34 9 1 -0.1 0.1 - 1.23 792 NR -
339 ABSL Transportation and Logistics - - - - - - - - 71 15 11 4 - - - 0.54 1,613 NR -
340 Axis Business Cycles 42.1 - - - 32 - - - 61 31 6 2 - - - 0.65 2,920 NR -
341 Axis India Manufacturing - - - - - - - - 67 27 4 2 - - - 0.33 6,311 NR -
342 Axis Innovation 39.1 14.7 - - 36 26 - - 61 29 8 2 -2.1 -0.5 - 1.30 1,277 NR -
343 Axis Quant 43.4 19.4 - - 30 19 - - 74 23 2 1 1.6 0.1 - 0.65 1,167 NR -
344 Bandhan Innovation - - - - - - - - 34 36 22 8 - - - 0.55 1,005 NR -
345 Bandhan Transportation and Logistics 58.3 - - - 11 - - - 53 22 19 6 - - - 0.85 594 NR -
346 Baroda BNP Paribas Business Cycle 50.8 - - - 18 - - - 69 20 6 5 - - - 0.86 609 NR -
347 Baroda BNP Paribas Innovation - - - - - - - - 53 36 7 4 - - - 0.26 1,133 NR -
Equity: Thematic 49.2 22.4 25.8 16.4 47 28 17 9 58 26 12 6 4.1 0.5 0.70 2,361
BSE 500 TRI 41.1 18.9 22.9 15.4
Data pertains to direct plans. ETFs and index funds are excluded and covered in their own scoreboards. Portfolio and AUM data as of July 31, 2024; all other data as of August 31, 2024.

Mutual Fund Insight October 2024 69

Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.
 SCOREBOARD: EQUITY FUNDS
Performance Portfolio Composition (%)
Returns (%) Rank Large Mid Small Cash & Info. Risk Expense Assets Fund Average
S.No. Fund Name 1Y 3Y 5Y 10Y 1Y 3Y 5Y 10Y Cap Cap Cap Others Alpha Ratio Grade Ratio (%) (` cr) Rating Rating

Equity: Thematic
348 Baroda BNP Paribas Manufacturing - - - - - - - - 63 27 7 3 - - - 0.39 1,538 NR -
349 Canara Robeco Manufacturing - - - - - - - - 54 34 9 2 - - - 0.43 1,652 NR -
350 DSP Quant 31.3 10.8 19.2 - 46 28 16 - 89 10 - 1 -6.4 -1.3 - 0.55 1,141 NR -
351 Edelweiss Business Cycle - - - - - - - - 68 31 - 1 - - - 0.28 1,710 NR -
352 Edelweiss Recently Listed IPO 33.4 14.4 26.4 - 45 27 - - 9 39 48 4 -2.7 -0.3 - 1.00 948 NR -
353 Franklin India Opportunities 70.2 31.3 31.6 19.4 2 4 2 1 46 29 20 6 10.6 1.3 - 0.51 5,026 NR -
354 Groww Nifty EV&New Age Automot ETF FoF - - - - - - - - - - - - - - - 0.19 - NR -
355 HDFC Business Cycle 36.8 - - - 42 - - - 69 17 10 4 - - - 0.77 3,100 NR -
356 HDFC Defence 89.7 - - - 1 - - - 52 9 36 3 - - - 0.72 3,931 NR -
357 HDFC Housing Opportunities 51.0 25.4 23.5 - 17 9 14 - 65 15 19 1 5.2 0.9 - 1.20 1,576 NR -
358 HDFC Manufacturing - - - - - - - - 64 18 7 11 - - - 0.41 13,003 NR -
359 HDFC Transportation and Logistics 65.2 - - - 5 - - - 52 31 12 4 - - - 0.94 1,303 NR -
360 HSBC Business Cycles 54.8 26.8 26.4 16.7 15 7 7 3 45 31 22 2 6.7 1.2 - 1.22 953 NR -
361 ICICI Pru Business Cycle 48.8 26.3 - - 24 8 - - 68 8 2 21 8.1 1.1 - 0.72 11,215 NR -
362 ICICI Pru Commodities 36.6 21.0 - - 43 14 - - 51 32 14 3 0.9 0.3 - 0.86 2,619 NR -
363 ICICI Pru Exports & Services 47.1 23.1 25.2 16.7 26 11 10 2 71 15 4 10 6.3 0.6 - 1.68 1,382 NR -
364 ICICI Pru FMCG 21.8 20.2 18.5 15.6 47 16 17 8 81 13 1 5 6.2 0.1 - 1.29 1,781 NR -
365 ICICI Pru Housing Opportunities 39.6 - - - 35 - - - 57 10 16 16 - - - 0.95 2,674 NR -
366 ICICI Pru India Opportunities 48.9 31.6 31.9 - 22 3 1 - 62 19 2 17 12.3 1.5 - 0.57 22,659 NR -
367 ICICI Pru Innovation 57.3 - - - 13 - - - 70 19 5 6 - - - 0.65 6,069 NR -
368 ICICI Pru Manufacturing 62.2 30.7 31.0 - 7 5 3 - 61 32 5 2 10.4 1.8 - 0.65 6,621 NR -
369 ICICI Pru Quant 42.7 19.0 - - 31 21 - - 68 24 - 9 2.7 0.0 - 0.63 94 NR -
370 ICICI Pru Thematic Advantage (FOF) 40.5 21.5 27.5 - 34 13 5 - 63 17 9 11 5.0 0.4 - 0.44 1,747 NR -
371 ICICI Pru Transportation and Logistics 61.8 - - - 8 - - - 71 10 16 3 - - - 0.74 3,254 NR -
372 Invesco India Manufacturing - - - - - - - - - - - - - - - 0.67 - NR -
373 Kotak Business Cycle 41.0 - - - 33 - - - 62 22 12 4 - - - 0.45 2,687 NR -
374 Kotak Manufacture in India 48.9 - - - 23 - - - 67 24 6 3 - - - 0.46 2,501 NR -
375 Kotak Pioneer 47.0 21.5 - - 27 12 - - 53 22 8 18 4.2 0.3 - 0.49 2,645 NR -
376 Kotak Quant 59.2 - - - 9 - - - 74 25 - 1 - - - 1.16 892 NR -
377 Kotak Special Opportunities - - - - - - - - 41 29 15 15 - - - 0.62 2,356 NR -
378 Mahindra Manulife Business Cycle - - - - - - - - 54 28 15 2 - - - 0.39 1,095 NR -
379 Mahindra Manulife Manufacturing - - - - - - - - 57 16 20 8 - - - 0.59 896 NR -
380 Mirae Ast Nfty MidSC400 MomQlty 100ETF - - - - - - - - 33 65 2 0 - - - 0.06 165 NR -
381 Mirae Asset Nfty SC250 M Qlty100 ETF FoF - - - - - - - - 1 88 11 0 - - - 0.15 170 NR -
382 Mirae Asset Nifty Ind Manftng ETF FoF 55.7 - - - 14 - - - 83 17 - -1 - - - 0.07 114 NR -
383 Motilal Oswal Manufacturing - - - - - - - - - - - - - - - 1.05 - NR -
384 Motilal Oswal Quant - - - - - - - - 27 61 10 2 - - - 0.69 31 NR -
385 Nippon India Innovation - - - - - - - - 45 40 5 10 - - - 0.72 1,982 NR -
386 Nippon India Quant 52.0 23.5 25.3 14.8 16 10 9 9 92 6 - 2 4.2 1.0 - 0.41 78 NR -
387 Quant Business Cycle 63.3 - - - 6 - - - 59 21 12 8 - - - 0.57 1,509 NR -
388 Quant Commodities - - - - - - - - 30 26 38 6 - - - 0.87 447 NR -
389 Quant Manufacturing 70.0 - - - 3 - - - 59 19 20 2 - - - 0.71 1,014 NR -
390 Quant Momentum - - - - - - - - 71 20 2 6 - - - 0.74 2,313 NR -
391 Quant Quantamental 57.7 35.1 - - 12 1 - - 85 8 - 7 13.2 1.6 - 0.58 2,674 NR -
392 Samco Active Momentum 50.5 - - - 20 - - - 48 32 11 9 - - - 0.86 885 NR -
393 Samco Special Opportunities - - - - - - - - 39 41 15 4 - - - 0.77 205 NR -
394 SBI Automotive Opportunities - - - - - - - - 70 20 3 7 - - - 0.53 6,596 NR -
395 SBI Equity Minimum Variance 38.9 18.4 22.1 - 37 22 15 - 100 - - 0 1.5 -0.1 - 0.41 220 NR -
396 SBI Innovative Opportunities - - - - - - - - - - - - - - - 0.52 - NR -
397 SBI Magnum COMMA 47.5 16.7 27.5 16.3 25 25 6 5 65 16 15 4 -2.5 -0.2 - 1.91 661 NR -
398 Sundaram Business Cycle - - - - - - - - 31 24 11 34 - - - 0.41 1,331 NR -
399 Sundaram Services 35.6 19.8 26.4 - 44 18 8 - 51 30 17 3 1.8 0.1 - 0.70 3,736 NR -
400 Tata Business Cycle 49.1 27.5 - - 21 6 - - 65 21 9 5 7.8 1.9 - 0.35 2,776 NR -
401 Tata Ethical 37.7 18.2 25.0 16.0 39 23 11 6 47 41 1 11 1.5 -0.1 - 0.68 3,093 NR -
Equity: Thematic 49.2 22.4 25.8 16.4 47 28 17 9 58 26 12 6 4.1 0.5 0.70 2,361
BSE 500 TRI 41.1 18.9 22.9 15.4
Data pertains to direct plans. ETFs and index funds are excluded and covered in their own scoreboards. Portfolio and AUM data as of July 31, 2024; all other data as of August 31, 2024.

70 Mutual Fund Insight October 2024

Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.
 Performance Portfolio Composition (%)
Returns (%) Rank Large Mid Small Cash & Info. Risk Expense Assets Fund Average
S.No. Fund Name 1Y 3Y 5Y 10Y 1Y 3Y 5Y 10Y Cap Cap Cap Others Alpha Ratio Grade Ratio (%) (` cr) Rating Rating

Equity: Thematic
402 Tata Housing Opportunities 37.6 - - - 40 - - - 46 30 19 5 - - - 0.63 638 NR -
403 Tata Quant 37.1 17.5 - - 41 24 - - 61 34 - 6 0.4 -0.2 - 0.88 67 NR -
404 Taurus Ethical 46.8 20.0 24.5 15.9 28 17 12 7 57 31 6 6 2.2 0.2 - 1.28 224 NR -
405 Union Business Cycle - - - - - - - - 67 15 12 6 - - - 1.07 534 NR -
406 Union Innovation & Opportunities - - - - - - - - 35 31 30 4 - - - 0.72 777 NR -
407 UTI Innovation - - - - - - - - 16 46 32 6 - - - 0.82 763 NR -
408 UTI Transportation & Logistics 58.6 34.4 29.3 16.5 10 2 4 4 76 14 4 5 15.3 1.2 - 0.85 3,873 NR -
409 WhiteOak Capital Special Opportunities - - - - - - - - 46 30 17 7 - - - 0.65 478 NR -
Equity: Thematic 49.2 22.4 25.8 16.4 47 28 17 9 58 26 12 6 4.1 0.5 0.70 2,361
BSE 500 TRI 41.1 18.9 22.9 15.4
Equity: Thematic-Dividend Yield
410 ABSL Dividend Yield 56.0 26.8 27.7 15.3 5 3 3 5 59 26 12 4 6.8 1.2 - 1.37 1,562 NR -
411 HDFC Dividend Yield 48.4 26.9 - - 7 2 - - 70 16 12 1 7.3 2.0 - 0.56 6,028 NR -
412 ICICI Pru Dividend Yield Equity 58.6 30.7 29.7 17.6 2 1 1 2 81 9 5 5 11.5 2.0 - 0.53 4,642 NR -
413 LIC MF Dividend Yield 65.2 26.0 27.5 - 1 5 4 - 50 16 30 4 6.2 1.3 - 1.45 330 NR -
414 SBI Dividend Yield 43.0 - - - 8 - - - 72 18 - 10 - - - 0.76 9,207 NR -
415 Sundaram Dividend Yield 49.4 20.5 25.0 16.7 6 8 6 3 76 15 4 6 3.1 0.3 - 0.96 977 NR -
416 Tata Dividend Yield 42.2 21.7 - - 9 6 - - 58 32 5 4 2.7 0.6 - 0.45 1,038 NR -
417 Templeton India Equity Income 57.6 26.5 28.8 17.9 3 4 2 1 69 16 2 13 9.6 0.8 - 1.22 2,510 NR -
418 UTI Dividend Yield 56.6 21.5 25.2 16.0 4 7 5 4 68 26 - 6 2.9 0.4 - 1.42 4,371 NR -
Equity: Thematic-Dividend Yield 53.0 25.1 27.3 16.7 9 8 6 5 67 19 10 6 6.2 1.1 0.97 3,407
BSE 500 TRI 41.1 18.9 22.9 15.4
Equity: Thematic-MNC
419 ABSL MNC 34.4 14.0 16.1 14.2 3 3 4 3 24 62 12 1 -2.1 -0.6 - 1.29 4,124 NR -
420 HDFC MNC 29.9 - - - 4 - - - 51 38 8 3 - - - 1.22 666 NR -
421 ICICI Pru MNC 35.3 20.2 26.1 - 2 1 1 - 51 30 8 11 4.4 0.1 - 0.99 1,831 NR -
422 SBI Magnum Global 14.5 11.5 19.3 14.5 5 4 2 2 35 33 25 6 -1.8 -0.7 - 1.18 6,869 NR -
423 UTI MNC 35.5 16.1 18.8 15.0 1 2 3 1 36 46 12 6 0.8 -0.4 - 1.19 3,206 NR -
Equity: Thematic-MNC 29.9 15.5 20.1 14.6 5 4 4 3 40 42 13 5 0.3 -0.4 1.17 3,339
BSE 500 TRI 41.1 18.9 22.9 15.4
Equity: Thematic-Energy
424 DSP Natural Resources and New Energy 56.3 24.1 29.4 19.5 1 1 2 1 62 20 1 17 4.9 -0.3 - 0.97 1,287 NR -
425 ICICI Pru Energy Opportunities - - - - - - - - 32 2 0 66 - - - 0.44 8,532 NR -
426 SBI Energy Opportunities - - - - - - - - 63 25 5 7 - - - 0.55 10,894 NR -
427 Tata Resources & Energy 46.7 19.6 30.4 - 2 2 1 - 64 22 12 2 1.3 -0.6 - 0.61 840 NR -
Equity: Thematic-Energy 51.5 21.8 29.9 19.5 2 2 2 1 55 17 5 23 3.1 -0.4 0.64 5,388
BSE Energy TRI 78.1 28.5 29.1 20.0
Equity: Thematic-PSU
428 ABSL PSU Equity 85.5 43.4 - - 3 1 - - 73 23 2 2 -1.0 -0.6 - 0.49 5,823 NR -
429 ICICI Pru PSU Equity 88.0 - - - 1 - - - 75 9 1 15 - - - 0.63 2,703 NR -
430 Invesco India PSU Equity 87.8 40.2 34.4 20.4 2 3 1 1 81 14 3 3 -0.7 -0.7 - 0.76 1,663 NR -
431 Quant PSU - - - - - - - - 65 31 2 1 - - - 0.83 1,066 NR -
432 SBI PSU 83.8 42.8 30.9 14.5 4 2 2 2 76 15 - 9 -2.6 -0.5 - 0.72 4,602 NR -
Equity: Thematic-PSU 86.3 42.1 32.6 17.5 4 3 2 2 74 18 2 6 -1.4 -0.6 0.69 3,171
BSE PSU TRI 98.1 47.5 33.3 14.4
Equity: Thematic-Consumption
433 ABSL India GenNext 41.1 20.2 23.8 19.3 11 10 8 3 66 29 3 2 -1.3 -1.0 +Avg 0.73 5,786  -- 2.9
434 Baroda BNP Paribas India Consumption 47.0 22.5 25.8 - 3 7 5 - 73 21 3 2 0.8 -0.7 -Avg 0.62 1,458  -- 3.7
435 Canara Robeco Consumer Trends 44.9 22.2 26.1 20.0 6 8 4 1 58 33 5 4 -0.1 -0.7 Avg 0.81 1,694  3.5
436 HDFC Non-Cyclical Consumer 47.3 - - - 2 - - - 63 19 13 5 - - - 1.12 764 NR -
437 HSBC Consumption - - - - - - - - 45 38 12 5 - - - 0.72 1,449 NR -
438 ICICI Pru Bharat Consumption 43.2 26.1 24.1 - 9 2 7 - 68 16 8 8 6.4 -0.2 Low 1.13 2,613  3.5
439 Kotak Consumption - - - - - - - - 63 18 16 3 - - - 0.61 789 NR -
440 Mahindra Manulife Consumption 47.5 23.5 23.0 - 1 5 9 - 63 19 12 6 2.2 -0.5 Avg 0.66 281  3.0
Equity: Thematic-Consumption 44.3 23.5 24.8 18.0 12 11 11 7 60 26 10 4 1.8 -0.5 0.86 1,857
BSE 500 TRI 41.1 18.9 22.9 15.4
Data pertains to direct plans. ETFs and index funds are excluded and covered in their own scoreboards. Portfolio and AUM data as of July 31, 2024; all other data as of August 31, 2024.

Mutual Fund Insight October 2024 71

Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.
 SCOREBOARD: EQUITY FUNDS
Performance Portfolio Composition (%)
Returns (%) Rank Large Mid Small Cash & Info. Risk Expense Assets Fund Average
S.No. Fund Name 1Y 3Y 5Y 10Y 1Y 3Y 5Y 10Y Cap Cap Cap Others Alpha Ratio Grade Ratio (%) (` cr) Rating Rating

Equity: Thematic-Consumption
441 Mirae Asset Great Consumer 44.8 24.7 26.3 19.6 7 4 3 2 64 20 15 1 2.2 -0.4 -Avg 0.42 4,069  3.5
442 Nippon India Consumption 44.4 25.8 28.9 17.6 8 3 1 5 61 24 11 3 4.3 -0.2 -Avg 0.77 1,411  4.3
443 Quant Consumption - - - - - - - - 48 44 7 2 - - - 0.81 327 NR -
444 SBI Consumption Opportunities 42.5 29.6 27.3 19.3 10 1 2 4 34 37 25 4 8.6 0.2 Avg 0.89 2,679  3.5
445 Sundaram Consumption 38.7 22.0 21.8 17.1 12 9 10 6 68 20 8 5 0.2 -0.7 +Avg 1.32 1,582  1.8
446 Tata India Consumer 45.0 23.3 24.7 - 5 6 6 - 57 30 11 2 -0.2 -0.6 High 0.73 2,247  2.1
447 UTI India Consumer 45.0 18.3 21.3 13.2 4 11 11 7 71 20 6 4 -3.2 -1.3 +Avg 1.59 700  1.6
Equity: Thematic-Consumption 44.3 23.5 24.8 18.0 12 11 11 7 60 26 10 4 1.8 -0.5 0.86 1,857
BSE 500 TRI 41.1 18.9 22.9 15.4
Equity: International
448 ABSL Global Emerging Opportunities 24.2 6.2 14.1 5.8 25 22 11 21 - - - - - - - 0.61 264 NR -
449 ABSL Global Excellence Equity FoF 29.1 10.6 10.1 7.3 8 10 17 14 - - - - - - - 0.68 197 NR -
450 ABSL International Equity 16.0 5.7 11.1 9.1 39 27 15 8 75 9 10 7 - - - 1.93 185 NR -
451 ABSL NASDAQ 100 FOF 26.5 - - - 17 - - - - - - - - - - 0.32 384 NR -
452 Axis Global Equity Alpha FoF 23.2 10.3 - - 27 11 - - - - - - - - - 0.84 857 NR -
453 Axis Global Innovation FoF 27.3 6.9 - - 11 18 - - - - - - - - - 0.75 534 NR -
454 Axis Greater China Equity FoF -0.6 -7.4 - - 57 42 - - - - - - - - - 0.54 206 NR -
455 Axis NASDAQ 100 FoF 26.7 - - - 16 - - - - - - - - - - 0.24 172 NR -
456 Bandhan US Equity FoF 32.5 12.9 - - 3 4 - - - - - - - - - 0.56 305 NR -
457 Baroda BNP Paribas Aqua FoF 19.2 6.6 - - 35 19 - - - - - - - - - 0.54 53 NR -
458 DSP Global Allocation FoF 16.7 5.8 10.3 7.7 36 25 16 12 - - - - - - - 1.45 65 NR -
459 DSP Global Innovation FoF 24.7 - - - 21 - - - - - - - - - - 1.20 831 NR -
460 DSP US Flexible Equity 20.2 12.0 17.7 14.3 32 8 4 3 - - - - - - - 1.50 904 NR -
461 DSP World Agriculture -0.5 -6.3 2.8 2.7 56 41 30 25 - - - - - - - 1.49 14 NR -
462 DSP World Energy 5.3 5.2 8.8 2.3 54 29 20 27 - - - - - - - 1.54 138 NR -
463 DSP World Gold FoF 31.6 8.9 8.3 6.3 5 15 22 19 - - - - - - - 1.65 955 NR -
464 DSP World Mining 5.6 5.9 15.6 6.7 53 24 8 16 - - - - - - - 1.51 136 NR -
465 Edelweiss ASEAN Equity Off Shore 12.5 6.3 6.0 5.8 48 21 25 20 - - - - - - - 0.68 60 NR -
466 Edelweiss Emerging Market Opp Eqt Offshr 13.5 -2.6 5.3 4.7 45 40 27 23 - - - - - - - 0.51 109 NR -
467 Edelweiss Europe Dynamic Equity Offshr 22.0 9.5 14.1 8.2 28 13 12 10 - - - - - - - 0.55 78 NR -
468 Edelweiss Greater China Equity Off-shore -2.2 -11.3 4.7 7.2 58 45 28 15 - - - - - - - 0.64 1,225 NR -
469 Edelweiss US Technology Equity FoF 25.2 6.5 - - 20 20 - - - - - - - - - 0.62 2,162 NR -
470 Edelweiss US Value Equity Offshr 19.7 11.4 14.8 11.5 34 9 9 4 - - - - - - - 0.66 109 NR -
471 Franklin Asian Equity 15.9 -1.0 6.3 6.7 40 38 24 17 90 8 - 2 - - - 1.68 244 NR -
472 Franklin India Feeder Franklin US Opp 31.1 5.8 16.8 15.3 7 26 5 1 - - - - - - - 0.60 3,433 NR -
473 Franklin India Feeder Templtn Europn Opp 10.4 4.2 5.6 2.6 50 31 26 26 - - - - - - - 0.53 16 NR -
474 HDFC Developed World Indexes FoF 24.6 - - - 22 - - - - - - - - - - 0.23 1,246 NR -
475 HSBC Asia Pacific (ExJapan) Dividend Yld 20.0 5.9 9.5 7.5 33 23 19 13 - - - - - - - 1.01 6 NR -
476 HSBC Brazil 1.7 -0.9 -2.8 - 55 37 31 - - - - - - - - 1.00 36 NR -
477 HSBC Global Emerging Markets 13.7 -1.4 7.8 - 43 39 23 - - - - - - - - 0.80 34 NR -
478 HSBC Global Equity Climate Change FoF 14.1 -0.7 - - 42 36 - - - - - - - - - 0.80 110 NR -
479 ICICI Pru Global Advantage (FOF) 16.5 3.8 - - 37 32 - - - - - - - - - 0.59 310 NR -
480 ICICI Pru Global Stable Equity (FOF) 12.7 8.6 11.3 9.8 47 16 14 7 - - - - - - - 1.05 120 NR -
481 ICICI Pru Strategic Mtal & Enrgy Eqt FoF 14.3 - - - 41 - - - - - - - - - - 0.63 99 NR -
482 ICICI Pru US Bluechip Equity 20.9 12.9 18.7 15.1 31 5 2 2 93 5 - 2 - - - 1.08 3,171 NR -
483 Invesco India Global Consumer Trends 10.1 -8.4 - - 51 44 - - - - - - - - - 0.60 288 NR -
484 Invesco India Global Equity Income FoF 24.3 15.0 16.6 10.9 24 2 6 6 - - - - - - - 0.86 22 NR -
485 Invesco Ind-Invesco Pan European Eqt FoF 12.0 9.4 12.4 6.5 49 14 13 18 - - - - - - - 0.58 37 NR -
486 Invesco Ind-Invsco EQQQ NSDQ-100 ETF FoF 26.8 - - - 15 - - - - - - - - - - 0.16 404 NR -
487 Kotak Global Emerging Market 13.6 0.4 8.5 5.0 44 35 21 22 - - - - - - - 1.27 91 NR -
488 Kotak Global Innovation FoF 23.6 1.2 - - 26 33 - - - - - - - - - 0.45 770 NR -
489 Kotak International REIT FOF 13.3 1.0 - - 46 34 - - - - - - - - - 0.51 60 NR -
490 Kotak Nasdaq 100 FOF 26.9 12.8 - - 14 6 - - - - - - - - - 0.30 3,138 NR -
491 Mahindra Manulife Asia Pacific REITs FoF 8.0 - - - 52 - - - - - - - - - - 0.45 19 NR -
Equity: International 19.1 5.3 11.0 7.8 60 45 31 27 0.74 603
BSE 500 TRI 41.1 18.9 22.9 15.4
Data pertains to direct plans. ETFs and index funds are excluded and covered in their own scoreboards. Portfolio and AUM data as of July 31, 2024; all other data as of August 31, 2024. Market-cap breakup for underlying
funds in international FOFs is unavailable.

72 Mutual Fund Insight October 2024

Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.
 Performance Portfolio Composition (%)
Returns (%) Rank Large Mid Small Cash & Info. Risk Expense Assets Fund Average
S.No. Fund Name 1Y 3Y 5Y 10Y 1Y 3Y 5Y 10Y Cap Cap Cap Others Alpha Ratio Grade Ratio (%) (` cr) Rating Rating

Equity: International
492 Mirae Asset Glob Elec & Aut Veh ETFs FoF -12.0 - - - 60 - - - - - - - - - - 0.25 67 NR -
493 Mirae Asset Hang Seng TECH ETF FoF -8.4 - - - 59 - - - - - - - - - - 0.10 68 NR -
494 Mirae Asset NYSE FANG+ ETF FoF 48.5 20.9 - - 1 1 - - - - - - - - - 0.05 1,556 NR -
495 Mirae Asset S&P 500 Top 50 ETF FoF 31.4 - - - 6 - - - - - - - - - - 0.09 546 NR -
496 Mirae Asset X Arti Int & Tech ETF FoF 25.6 - - - 18 - - - - - - - - - - 0.26 318 NR -
497 Motilal Oswal Developed Mkt Ex US ETFs - - - - - - - - - - - - - - - 0.17 33 NR -
498 Motilal Oswal Nasdaq 100 FOF 29.0 12.0 23.7 - 9 7 1 - - - - - - - - 0.24 4,845 NR -
499 Navi NASDAQ 100 FoF 28.3 - - - 10 - - - - - - - - - - 0.16 958 NR -
500 Navi US Total Stock Market FoF 27.2 - - - 12 - - - - - - - - - - 0.06 932 NR -
501 Nippon India Japan Equity 21.9 5.6 10.0 8.0 29 28 18 11 93 4 - 3 - - - 1.20 301 NR -
502 Nippon India Taiwan Equity 27.0 - - - 13 - - - 36 35 22 7 - - - 1.04 364 NR -
503 Nippon India US Equity Opportunities 25.4 9.5 15.9 - 19 12 7 - 99 - - 1 - - - 1.30 676 NR -
504 PGIM Ind Glbl Selct Real Estate Sec FoF 21.7 - - - 30 - - - - - - - - - - 0.55 57 NR -
505 PGIM India Emerging Markets Equity 24.3 -8.4 3.0 3.0 23 43 29 24 - - - - - - - 0.61 97 NR -
506 PGIM India Global Equity Opportunities 31.7 4.3 18.5 11.1 4 30 3 5 - - - - - - - 0.61 1,345 NR -
507 SBI International Access-US Equity FoF 32.9 13.7 - - 2 3 - - - - - - - - - 0.90 935 NR -
508 Sundaram Global Brand 16.4 8.0 14.7 8.4 38 17 10 9 - - - - - - - 1.36 113 NR -
Equity: International 19.1 5.3 11.0 7.8 60 45 31 27 0.74 603
BSE 500 TRI 41.1 18.9 22.9 15.4
Equity: Multi Cap
509 ABSL Multi-Cap 40.2 20.4 - - 18 9 - - 46 39 10 5 2.8 0.3 - 0.76 6,198 NR -
510 Axis Multicap 55.4 - - - 3 - - - 56 36 8 0 - - - 0.64 6,291 NR -
511 Bandhan Multi Cap 44.8 - - - 14 - - - 53 30 15 3 - - - 0.51 2,437 NR -
512 Bank of India Multi Cap 52.8 - - - 5 - - - 50 32 15 2 - - - 1.30 654 NR -
513 Baroda BNP Paribas Multi Cap 49.7 23.0 26.4 17.4 9 6 - - 51 39 8 1 4.1 0.7 - 0.93 2,690 NR -
514 Canara Robeco Multi Cap 44.8 - - - 13 - - - 48 40 7 5 - - - 0.41 3,236 NR -
515 DSP Multicap - - - - - - - - 33 45 19 2 - - - 0.50 1,404 NR -
516 Edelweiss Multi Cap - - - - - - - - 59 35 5 1 - - - 0.33 2,257 NR -
517 Franklin India Multi Cap - - - - - - - - 36 20 1 43 - - - 0.24 3,989 NR -
518 HDFC Multi Cap 46.7 - - - 11 - - - 53 31 12 3 - - - 0.55 16,699 NR -
519 HSBC Multi Cap 57.6 - - - 1 - - - 48 38 11 2 - - - 0.61 3,866 NR -
520 ICICI Pru Multicap 49.9 24.5 25.3 17.6 7 4 - - 45 31 12 12 5.6 1.3 - 0.94 13,921 NR -
521 Invesco India Multicap 49.8 21.9 26.6 18.3 8 7 - - 47 39 9 5 3.3 0.5 - 0.66 3,736 NR -
522 ITI Multi Cap 51.8 23.2 22.2 - 6 5 - - 54 30 13 3 4.6 0.7 - 0.47 1,364 NR -
523 Kotak Multicap 57.1 - - - 2 - - - 55 31 13 1 - - - 0.38 14,474 NR -
524 LIC MF Multi Cap 53.3 - - - 4 - - - 35 34 28 3 - - - 0.41 1,290 NR -
525 Mahindra Manulife Multi Cap 48.1 25.3 30.8 - 10 2 - - 61 28 7 3 5.6 0.9 - 0.40 4,417 NR -
526 Mirae Asset Multicap 42.2 - - - 17 - - - 53 29 17 1 - - - 0.38 3,345 NR -
527 Motilal Oswal Multi Cap - - - - - - - - 48 24 19 10 - - - 0.66 1,326 NR -
528 Nippon India Multi Cap 44.5 30.4 28.6 17.7 15 1 - - 50 38 11 1 10.6 1.6 - 0.74 37,151 NR -
529 PGIM India Retirement - - - - - - - - 58 31 8 3 - - - 0.66 64 NR -
530 Quant Active 45.5 24.7 35.0 21.9 12 3 - - 56 29 11 3 4.1 0.7 - 0.58 11,249 NR -
531 SBI Multicap 39.3 - - - 20 - - - 43 35 18 5 - - - 0.88 18,053 NR -
532 Sundaram Multi Cap 42.9 20.5 24.2 16.7 16 8 - - 51 40 5 4 2.2 0.3 - 0.88 2,831 NR -
533 Tata Multicap 33.7 - - - 21 - - - 51 28 17 5 - - - 0.29 3,279 NR -
534 Union Multicap 39.5 - - - 19 - - - 54 28 14 4 - - - 0.90 1,053 NR -
535 WhiteOak Capital Multi Cap - - - - - - - - 48 33 16 3 - - - 0.45 1,140 NR -
Equity: Multi Cap 47.1 23.8 21 9 0 0 50 33 12 5 4.8 0.8 0.61 6,238
BSE 500 TRI 41.1 18.9 22.9 15.4
Equity: Thematic-ESG
536 ABSL ESG Integration Strategy 36.5 13.6 - - 5 7 - - 66 26 5 2 -3.0 -0.4 - 1.32 696 NR -
537 Axis ESG Integration Strategy 39.4 12.5 - - 4 9 - - 89 3 6 2 -3.0 -0.5 - 1.26 1,437 NR -
538 ICICI Pru ESG Exclusionary Strategy 47.5 19.1 - - 2 2 - - 68 11 19 3 3.9 0.3 - 0.94 1,554 NR -
539 Invesco India ESG Integration Strategy 40.9 15.9 - - 3 3 - - 75 13 12 1 -0.4 -0.2 - 1.00 552 NR -
Equity: Thematic-ESG 40.3 16.8 20.6 14.7 9 9 2 1 77 16 9 2 0.3 -0.2 0.92 1,314
BSE 100 TRI 36.9 17.0 20.7 14.3
Data pertains to direct plans. ETFs and index funds are excluded and covered in their own scoreboards. Portfolio and AUM data as of July 31, 2024; all other data as of August 31, 2024. Market-cap breakup for underlying
funds in international FOFs is unavailable.

Mutual Fund Insight October 2024 73

Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.
 SCOREBOARD: EQUITY FUNDS
Performance Portfolio Composition (%)
Returns (%) Rank Large Mid Small Cash & Info. Risk Expense Assets Fund Average
S.No. Fund Name 1Y 3Y 5Y 10Y 1Y 3Y 5Y 10Y Cap Cap Cap Others Alpha Ratio Grade Ratio (%) (` cr) Rating Rating

Equity: Thematic-ESG
540 Kotak ESG Exclusionary Strategy 36.5 14.3 - - 6 6 - - 84 13 - 2 -2.2 -0.5 - 0.75 1,022 NR -
541 Mirae Asset Nifty100 ESG Sec Leaders FoF 35.4 13.2 - - 8 8 - - 100 0 - 0 -2.9 -1.3 - 0.08 113 NR -
542 Quant ESG Equity 56.1 31.8 - - 1 1 - - 64 34 - 2 11.6 1.2 - 0.79 315 NR -
543 Quantum ESG Best In Class Strategy 36.4 15.3 21.6 - 7 5 1 - 68 23 3 5 -0.5 -0.4 - 0.85 89 NR -
544 SBI ESG Exclusionary Strategy 34.4 15.4 19.7 14.7 9 4 2 1 78 20 - 2 -0.6 -0.3 - 1.30 6,046 NR -
Equity: Thematic-ESG 40.3 16.8 20.6 14.7 9 9 2 1 77 16 9 2 0.3 -0.2 0.92 1,314
BSE 100 TRI 36.9 17.0 20.7 14.3

SCOREBOARD: HYBRID FUNDS

Portfolio
Performance Composition (%)
Returns (%) Rank Equity Debt Info. Risk Expense Assets Fund Average
S.No. Fund Name 1Y 3Y 5Y 10Y 1Y 3Y 5Y 10Y Min Max Min Max Alpha Ratio Grade Ratio (%) (` cr) Rating Rating
Hybrid: Aggressive Hybrid
545 ABSL Equity Hybrid '95 30.9 13.5 16.9 13.2 29 36 29 18 73 78 19 23 1.0 -0.2 +Avg 1.06 7,983  2.1
546 ABSL Retirement 40s 28.7 13.5 15.4 - 35 35 37 - 72 74 10 19 0.7 -0.1 Avg 1.01 114  1.4
547 Axis Children's Gift 26.2 10.4 15.7 - 39 42 36 - 72 76 24 30 -2.3 -0.8 High 1.28 904  2.5
548 Axis Equity Hybrid 29.3 11.3 16.2 - 32 41 33 - 72 77 21 27 -1.8 -0.6 High 1.05 1,683  2.5
549 Axis Retirement Savings-Aggressive Plan 39.8 12.7 - - 8 39 - - 78 80 18 21 -0.3 -0.2 High 0.86 930  1.0
550 Bandhan Asset Allocation Aggressive 31.1 14.2 16.4 11.6 27 32 32 22 60 67 28 36 1.8 0.0 -Avg 0.49 19  1.9
551 Bandhan Hybrid Equity 32.4 15.3 19.4 - 23 25 16 - 70 79 17 26 2.1 0.2 +Avg 1.02 760  2.9
552 Bandhan Retirement # - - - - - - - - 48 54 24 29 - - - 0.68 173 NR -
553 Bank of India Mid & Small Cap Eqt & Debt 49.1 22.8 30.3 - 2 4 1 - 70 80 17 26 8.5 0.8 High 1.11 921  3.8
554 Baroda BNP Paribas Aggressive Hybrid 37.0 17.5 20.8 - 13 17 11 - 68 74 21 26 4.2 0.8 -Avg 0.48 1,144  4.5
555 Baroda BNP Paribas Retirement # - - - - - - - - 54 76 21 27 - - - 0.27 301 NR -
556 Canara Robeco Equity Hybrid 32.1 14.8 19.6 15.1 25 30 13 7 71 75 19 24 1.9 0.1 -Avg 0.56 11,002  4.2
557 DSP Equity & Bond 32.4 14.8 19.3 15.3 24 31 18 6 69 75 24 28 1.5 0.1 Avg 0.67 10,094  3.3
558 Edelweiss Aggressive Hybrid 39.7 21.4 22.4 15.2 9 6 7 - 72 77 21 32 8.1 1.5 Low 0.40 1,952  4.4
559 Franklin India Equity Hybrid 34.2 16.7 19.5 14.9 17 18 15 8 66 71 24 30 3.8 0.5 -Avg 1.03 1,985  3.3
560 Groww Aggressive Hybrid 32.6 15.1 17.3 - 22 29 27 - 70 79 22 30 2.1 0.2 Avg 0.85 44  2.6
561 HDFC Children's Gift 29.5 18.4 21.1 15.7 31 13 10 4 64 68 27 30 5.8 0.8 Low 0.90 9,780  4.5
562 HDFC Hybrid Equity 24.9 15.6 18.2 14.4 42 23 24 10 66 72 26 32 2.9 0.3 Avg 1.02 24,596  3.3
563 HDFC Retirement Savings Hybrid Equity 29.1 17.6 20.6 - 34 16 12 - 69 73 14 20 5.3 0.6 Low 0.93 1,556  4.1
564 HSBC Aggressive Hybrid 35.9 16.2 18.3 14.2 16 21 23 11 72 79 20 26 2.9 0.3 +Avg 0.81 5,893  2.3
565 HSBC Managed Solutions India Growth 33.7 16.3 19.2 13.7 19 20 19 14 75 80 18 21 2.6 0.4 +Avg 0.09 45  -- 2.7
566 ICICI Pru Child Care Gift 41.2 19.9 19.6 13.6 5 9 14 15 78 84 13 21 6.2 0.9 Avg 1.45 1,364  2.9
567 ICICI Pru Equity & Debt 39.9 24.2 25.0 17.7 7 3 4 1 67 73 18 28 10.5 1.6 -Avg 0.99 39,091  4.8
568 ICICI Pru Retirement Hybrid Aggressive 45.1 21.6 21.9 - 4 5 8 - 79 87 8 17 7.4 1.1 Avg 0.79 609  3.5
569 Invesco India Aggressive Hybrid 41.0 18.1 18.5 - 6 15 21 - 72 78 21 26 4.5 0.8 -Avg 0.84 502  2.6
570 JM Aggressive Hybrid 52.3 25.7 28.3 14.7 1 2 3 9 69 80 16 21 11.5 1.3 +Avg 0.56 487  3.4
571 Kotak Equity Hybrid 36.0 19.1 22.4 15.6 15 11 6 5 69 75 22 29 6.2 1.0 Low 0.43 6,355  4.0
572 LIC MF Aggressive Hybrid 32.7 13.9 15.3 11.1 21 33 38 23 75 77 20 22 1.5 -0.1 Avg 1.38 552  1.8
573 LIC MF ULIS 25.6 12.9 16.0 11.9 41 38 34 21 74 79 19 24 0.5 -0.3 +Avg 1.47 527  2.4
574 Mahindra Manulife Aggressive Hybrid 39.6 20.1 23.9 - 10 8 5 - 76 79 18 21 5.7 1.5 Avg 0.46 1,364  4.2
575 Mirae Asset Aggressive Hybrid 31.0 15.3 18.8 - 28 26 20 - 71 75 20 26 2.3 0.3 Avg 0.40 9,294  3.9
576 Navi Aggressive Hybrid 28.5 16.0 17.1 - 36 22 28 - 62 75 20 27 3.0 0.4 Avg 0.42 111  3.0
577 Nippon India Equity Hybrid 33.1 18.2 16.6 12.5 20 14 31 19 72 74 20 25 4.9 1.1 +Avg 1.15 3,824  1.4
578 PGIM India Hybrid Equity 25.6 11.5 15.8 11.3 40 40 35 - 77 79 20 23 -0.9 -0.5 +Avg 0.77 218  1.9
579 Quant Absolute 38.3 20.5 28.5 17.4 11 7 2 2 70 80 11 24 6.6 0.8 +Avg 0.70 2,295  5.0
580 SBI Equity Hybrid 28.1 13.2 16.9 14.2 38 37 30 12 72 78 18 22 1.0 -0.2 -Avg 0.73 73,078  3.4
581 SBI Magnum Children's Benefit Investment 45.7 29.0 - - 3 1 - - 78 90 0 6 14.3 1.4 -Avg 0.76 2,572  5.0
582 SBI Retirement Benefit Aggressive Hybrid 28.3 18.8 - - 37 12 - - 76 79 15 21 5.8 0.9 -Avg 1.05 1,532  4.0
Hybrid: Aggressive Hybrid 34.3 16.9 19.6 14.2 42 42 38 23 70 76 19 25 3.8 0.5 0.84 5,546
VR Balanced TRI 29.8 14.1 17.5 12.7
Data pertains to direct plans. ETFs and index funds are excluded and covered in their own scoreboards. Portfolio and AUM data as of July 31, 2024; all other data as of August 31, 2024. # Funds launched less than a year ago.

74 Mutual Fund Insight October 2024

Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.
 SCOREBOARD: HYBRID FUNDS
Portfolio
Performance Composition (%)
Returns (%) Rank Equity Debt Info. Risk Expense Assets Fund Average
S.No. Fund Name 1Y 3Y 5Y 10Y 1Y 3Y 5Y 10Y Min Max Min Max Alpha Ratio Grade Ratio (%) (` cr) Rating Rating
Hybrid: Aggressive Hybrid
583 Shriram Aggressive Hybrid 37.3 15.5 17.3 12.1 12 24 26 20 66 74 25 33 2.7 0.3 Avg 1.11 51  2.3
584 Sundaram Aggressive Hybrid 31.7 15.2 18.4 13.5 26 28 22 16 70 74 23 25 2.4 0.2 Avg 0.70 5,192  3.0
585 Tata Hybrid Equity 30.2 15.2 17.8 13.3 30 27 25 17 74 79 18 23 2.4 0.2 Avg 0.99 4,242  2.7
586 Tata Retirement Savings Moderate 33.9 16.3 19.3 16.1 18 19 17 3 80 85 9 14 3.4 0.3 Avg 0.60 2,183  2.9
587 Union Aggressive Hybrid 29.1 13.8 - - 33 34 - - 72 77 18 21 1.1 -0.1 +Avg 1.26 649  2.4
588 UTI Aggressive Hybrid 37.0 19.5 21.2 14.0 14 10 9 13 70 72 22 27 5.8 1.4 -Avg 1.26 6,064  3.4
Hybrid: Aggressive Hybrid 34.3 16.9 19.6 14.2 42 42 38 23 70 76 19 25 3.8 0.5 0.84 5,546
VR Balanced TRI 29.8 14.1 17.5 12.7
Hybrid: Balanced Hybrid
589 360 ONE Balanced Hybrid # - - - - - - - - 43 50 44 52 - - - 0.43 778 NR -
590 Bandhan Asset Allocation Moderate 23.5 11.5 12.8 10.4 1 2 2 3 41 48 47 56 1.0 -0.5 - 0.41 20 NR -
591 Franklin India Pension 21.3 11.1 11.6 10.5 3 3 4 2 38 40 49 60 1.2 -0.5 - 1.49 523 NR -
592 UTI Children's Hybrid 19.1 10.5 12.4 10.0 4 4 3 4 39 40 52 59 0.7 -0.6 - 1.51 4,636 NR -
593 UTI Retirement 23.5 14.0 15.0 10.9 2 1 1 1 38 40 52 60 3.7 -0.1 - 1.02 4,649 NR -
594 WhiteOak Capital Balanced Hybrid # - - - - - - - - 48 56 44 49 - - - 0.69 130 NR -
Hybrid: Balanced Hybrid 21.8 11.8 13.0 10.4 4 4 4 4 41 46 48 56 1.7 -0.4 0.93 1,789
VR Balanced TRI 29.8 14.1 17.5 12.7
Hybrid: Conservative Hybrid
595 ABSL Regular Savings 13.6 9.5 10.8 10.5 24 16 11 5 21 24 71 75 1.3 -0.1 Avg 1.02 1,401  2.9
596 ABSL Retirement 50s 14.0 8.1 7.5 - 23 26 25 - 23 24 46 65 -0.1 -0.6 Avg 0.59 28  1.6
597 Axis Regular Saver 12.8 7.5 10.3 8.7 25 28 15 18 23 24 73 75 -0.9 -1.0 +Avg 0.87 308  2.7
598 Axis Retirement Savings-Conservative 22.6 10.1 - - 1 13 - - 38 40 56 59 0.5 0.1 High 0.72 77  1.6
599 Bandhan Asset Allocation Conservative 14.5 8.3 9.0 8.8 20 25 21 15 19 22 69 79 0.0 -0.6 Avg 0.18 6  2.9
600 Bandhan Conservative Hybrid 14.5 7.1 8.2 8.5 21 29 23 19 18 27 64 79 -1.1 -1.0 Avg 1.03 116  2.2
601 Bank of India Conservative Hybrid 14.0 14.3 13.4 8.9 22 1 3 14 19 25 60 75 5.4 0.4 +Avg 1.28 73 ++ 2.9
602 Baroda BNP Paribas Conservative Hybrid 15.2 9.0 9.7 9.7 18 20 19 11 20 23 66 76 0.8 -0.4 -Avg 0.51 744  3.5
603 Canara Robeco Conservative Hybrid 14.9 8.8 11.2 9.7 19 22 8 9 22 25 65 74 0.6 -0.4 -Avg 0.64 966  4.5
604 DSP Regular Savings 16.1 8.9 10.4 8.7 13 21 13 16 21 25 69 77 0.6 -0.4 +Avg 0.50 177  2.3
605 Franklin India Debt Hybrid 16.2 9.5 9.8 9.2 12 17 18 12 23 26 63 74 1.1 -0.2 Avg 0.67 246  2.9
606 HDFC Hybrid Debt 17.5 11.5 12.1 10.0 8 7 5 7 22 24 67 73 2.7 0.6 +Avg 1.23 3,317  3.4
607 HDFC Retirement Savings Hybrid Debt 15.2 10.2 10.8 - 16 12 12 - 23 26 46 62 2.1 0.1 Low 1.02 161  4.0
608 HSBC Conservative Hybrid 18.5 9.7 10.0 8.9 5 15 17 13 22 25 69 74 1.2 -0.1 Avg 1.34 125  3.0
609 HSBC Managed Solutions India Cons 11.2 6.6 7.3 7.4 30 30 26 22 9 10 85 88 -0.6 -0.9 -Avg 0.09 25  2.0
610 ICICI Pru Income Optimizer (FOF) 16.4 12.1 11.8 9.8 10 5 6 8 20 38 11 63 3.8 0.6 Low 0.62 275  4.6
611 ICICI Pru Regular Savings 16.4 10.7 11.5 10.9 11 9 7 3 21 24 68 81 2.6 0.2 Low 0.91 3,368  4.6
612 ICICI Pru Retirement Hybrid Conservative 17.6 10.3 11.0 - 6 11 10 - 24 29 59 71 1.7 0.1 Avg 1.04 63  3.2
613 Kotak Debt Hybrid 19.9 12.4 13.8 11.6 3 3 2 2 24 25 62 73 3.3 0.9 Avg 0.48 2,677  5.0
614 LIC MF Conservative Hybrid 11.8 6.6 8.0 7.7 29 31 24 21 20 22 76 80 -1.5 -1.2 +Avg 1.22 51  2.5
615 Navi Conservative Hybrid 12.5 7.8 8.2 8.3 27 27 22 20 16 20 55 69 0.3 -0.6 -Avg 0.37 36  2.9
616 Nippon India Hybrid Bond 10.8 8.7 5.5 7.0 31 24 27 23 12 13 80 83 1.5 -0.3 -Avg 1.12 826  1.0
617 Nippon India Retirement Incm Generation 15.3 9.2 9.1 - 15 19 20 - 19 20 74 78 0.4 -0.2 High 1.03 164  1.9
618 Parag Parikh Conservative Hybrid 19.7 12.1 - - 4 4 - - 10 15 75 79 4.2 0.5 Low 0.33 2,113  5.0
619 SBI Conservative Hybrid 15.2 11.1 12.4 10.7 17 8 4 4 22 24 69 73 3.1 0.3 -Avg 0.62 10,107  4.4
620 SBI Magnum Children's Benefit Savings 21.7 13.5 14.4 12.9 2 2 1 1 21 25 52 70 5.2 0.7 +Avg 0.85 117  4.0
621 SBI Retirement Benefit Cons Hybrid 17.5 12.0 - - 7 6 - - 38 40 47 59 2.6 0.9 +Avg 1.16 276  4.0
622 SBI Retirement Benefit Conservative 12.8 9.3 - - 26 18 - - 19 20 64 78 1.4 -0.2 -Avg 0.92 177  -- 3.9
623 Sundaram Conservative Hybrid 12.5 9.9 10.1 8.7 28 14 16 17 20 25 34 62 1.4 0.0 +Avg 1.10 27  ++ 2.0
624 Tata Retirement Savings Conservative 16.0 8.7 10.3 10.1 14 23 14 6 28 30 51 64 0.2 -0.5 High 0.97 175  2.7
625 UTI Conservative Hybrid 17.1 10.7 11.1 9.7 9 10 9 10 24 25 61 74 1.9 0.3 +Avg 1.18 1,638  2.9
Hybrid: Conservative Hybrid 15.6 9.8 10.3 9.4 31 31 27 23 21 25 62 73 1.5 -0.1 0.83 963
VR MIP TRI 18.4 9.9 10.8 9.4
Hybrid: Equity Savings
626 ABSL Equity Savings 11.9 7.1 10.7 - 19 22 17 - 12 20 24 32 -1.6 -1.0 +Avg 0.61 590  2.0
627 Axis Equity Saver 20.8 10.2 12.3 - 5 12 10 - 38 39 27 31 0.4 0.2 +Avg 1.03 983  2.8
Hybrid: Equity Savings 17.5 10.4 11.6 10.4 22 22 22 1 27 34 18 27 1.6 0.2 0.70 1,663
VR MIP TRI 18.4 9.9 10.8 9.4
Data pertains to direct plans. ETFs and index funds are excluded and covered in their own scoreboards. Portfolio and AUM data as of July 31, 2024; all other data as of August 31, 2024. # Funds launched less than a year ago.

Mutual Fund Insight October 2024 75

Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.
 SCOREBOARD: HYBRID FUNDS
Portfolio
Performance Composition (%)
Returns (%) Rank Equity Debt Info. Risk Expense Assets Fund Average
S.No. Fund Name 1Y 3Y 5Y 10Y 1Y 3Y 5Y 10Y Min Max Min Max Alpha Ratio Grade Ratio (%) (` cr) Rating Rating
Hybrid: Equity Savings
628 Bandhan Equity Savings 11.6 7.8 9.6 7.8 20 20 19 - 21 26 13 31 0.1 -0.7 -Avg 0.45 136  2.7
629 Baroda BNP Paribas Equity Svngs 18.9 10.5 10.8 - 9 11 15 - 31 38 20 28 1.3 0.3 Avg 1.40 239  2.5
630 DSP Equity Savings 18.0 9.9 12.2 - 12 14 11 - 31 35 20 29 1.1 0.0 +Avg 0.45 1,553  2.5
631 Edelweiss Equity Savings 18.8 10.8 12.5 - 10 10 9 - 24 26 26 35 2.2 0.3 -Avg 0.59 450  -- 4.5
632 Franklin India Equity Savings 13.2 9.1 10.7 - 18 18 16 - 15 18 11 26 0.7 -0.3 Avg 0.31 632  2.5
633 HDFC Equity Savings 19.5 11.9 13.0 10.9 7 5 6 - 32 36 23 25 2.5 0.8 +Avg 0.93 4,873  3.4
634 HSBC Equity Savings 26.5 13.8 14.7 10.6 1 2 1 - 39 44 22 27 4.7 0.9 Avg 0.61 407  2.9
635 ICICI Pru Equity Savings 11.1 9.2 9.4 - 21 16 20 - 15 20 13 23 2.1 -0.2 Low 0.50 10,939  3.7
636 Invesco India Equity Savings 23.5 11.7 12.0 - 2 6 12 - 32 35 18 27 2.2 0.6 Avg 0.72 226  2.3
637 Kotak Equity Savings 22.9 14.0 13.5 - 3 1 4 - 28 35 16 23 5.0 1.4 -Avg 0.66 6,541  4.5
638 LIC MF Equity Savings 17.3 9.5 10.9 8.4 14 15 14 - 37 42 10 18 -0.1 -0.2 +Avg 0.99 19  2.1
639 Mahindra Manulife Equity Savings 18.9 11.4 14.4 - 8 8 2 - 34 41 24 30 1.6 0.5 High 0.71 525  3.7
640 Mirae Asset Equity Savings 19.6 11.5 14.3 - 6 7 3 - 36 40 16 26 1.9 0.8 Avg 0.34 1,189  4.5
641 Nippon India Equity Savings 14.3 9.1 6.1 - 17 17 22 - 21 28 17 25 0.8 -0.2 High 0.74 531  1.0
642 PGIM India Equity Savings 10.8 7.4 9.2 9.6 22 21 21 - 16 17 20 32 0.1 -0.7 Low 0.49 94  3.1
643 SBI Equity Savings 16.1 11.0 12.7 - 15 9 7 - 31 38 24 29 2.2 0.3 Avg 0.66 5,044  3.3
644 Sundaram Equity Savings 21.3 13.1 13.3 10.4 4 3 5 1 40 46 10 18 3.4 1.1 Avg 0.52 882  3.9
645 Tata Equity Savings 17.7 10.0 10.9 8.9 13 13 13 - 21 35 16 20 1.2 0.0 -Avg 0.48 158  2.8
646 Union Equity Savings 15.2 8.2 9.8 - 16 19 18 - 24 52 7 25 -0.5 -0.9 Avg 1.42 133  2.4
647 UTI Equity Savings 18.2 12.1 12.7 - 11 4 8 - 23 39 24 29 2.8 1.1 -Avg 0.69 442  3.8
Hybrid: Equity Savings 17.5 10.4 11.6 10.4 22 22 22 1 27 34 18 27 1.6 0.2 0.70 1,663
VR MIP TRI 18.4 9.9 10.8 9.4
Hybrid: Arbitrage
648 ABSL Arbitrage 8.2 6.5 5.9 6.5 11 10 9 7 -2 1 16 35 2.6 5.0 -Avg 0.29 13,209  3.6
649 Axis Arbitrage 8.3 6.6 5.9 6.6 9 5 6 3 -1 0 30 35 2.3 5.0 Low 0.31 5,605  4.0
650 Bajaj FinServ Arbitrage # - - - - - - - - -1 0 19 33 - - - 0.25 823 NR -
651 Bandhan Arbitrage 8.3 6.5 5.8 6.5 7 8 12 9 -1 0 21 28 2.7 5.0 Avg 0.37 6,967  3.0
652 Bank of India Arbitrage 7.6 5.4 4.7 - 24 24 21 - -1 0 16 27 1.8 2.9 High 0.23 41  1.6
653 Baroda BNP Paribas Arbitrage 8.4 6.4 5.9 - 2 12 7 - -1 1 21 31 2.8 4.6 Avg 0.38 1,220  3.4
654 DSP Arbitrage 8.1 6.4 5.7 - 16 15 14 - -1 1 18 28 2.6 4.7 +Avg 0.35 5,695  3.0
655 Edelweiss Arbitrage 8.3 6.7 6.1 6.7 5 4 3 1 -1 0 23 44 2.6 5.1 -Avg 0.39 12,007  4.8
656 HDFC Arbitrage 8.2 6.4 5.7 6.3 10 14 15 13 -1 0 18 29 2.5 4.7 +Avg 0.41 14,839  2.0
657 HSBC Arbitrage 8.1 6.3 5.9 6.5 17 16 8 6 -1 1 18 24 2.5 4.6 Avg 0.27 2,462  3.6
658 ICICI Pru Equity Arbitrage 8.2 6.5 5.8 6.5 13 11 11 8 -1 1 20 29 2.6 4.9 Avg 0.31 23,542  3.0
659 Invesco India Arbitrage 8.4 6.9 6.1 6.6 4 1 2 5 -1 0 16 27 2.7 5.6 -Avg 0.39 17,654  4.4
660 ITI Arbitrage 8.1 5.6 - - 18 22 - - -1 0 4 19 2.0 2.8 High 0.21 37  1.2
661 JM Arbitrage 7.9 6.1 5.0 5.8 19 19 20 14 -1 1 19 30 2.2 4.3 +Avg 0.37 162  1.4
662 Kotak Equity Arbitrage 8.5 6.7 6.0 6.6 1 2 4 4 -1 1 15 29 2.7 5.0 -Avg 0.43 51,570  3.9
663 LIC MF Arbitrage 7.8 6.3 5.5 - 23 17 18 - -1 0 19 30 2.0 4.5 +Avg 0.31 153  2.0
664 Mahindra Manulife Arbitrage 7.0 5.5 - - 25 23 - - -1 3 15 27 1.1 3.1 +Avg 0.41 90  2.0
665 Mirae Asset Arbitrage 8.4 6.5 - - 3 9 - - -1 2 11 17 2.7 4.8 Avg 0.21 2,406  3.1
666 Nippon India Arbitrage 8.2 6.6 6.0 6.7 14 6 5 2 -1 0 22 31 2.6 5.3 -Avg 0.38 15,617  4.2
667 NJ Arbitrage 7.8 - - - 22 - - - -1 0 14 30 - - - 0.27 343 NR -
668 Parag Parikh Arbitrage # - - - - - - - - -1 3 20 34 - - - 0.29 892 NR -
669 PGIM India Arbitrage 7.8 6.1 5.6 6.3 21 20 17 12 -1 0 20 39 2.1 4.3 Avg 0.38 109  2.2
670 SBI Arbitrage Opportunities 8.2 6.7 5.7 6.4 15 3 13 11 -1 0 15 27 2.6 4.8 +Avg 0.43 32,546  2.3
671 Sundaram Arbitrage 7.8 5.9 5.3 - 20 21 19 - -1 3 21 26 2.2 3.5 High 0.28 141  1.0
672 Tata Arbitrage 8.3 6.5 6.2 - 6 7 1 - -1 0 22 31 2.7 5.3 Low 0.29 11,916  4.9
673 Union Arbitrage 8.2 6.2 5.7 - 12 18 16 - -1 0 8 14 2.6 4.3 +Avg 0.40 235  2.5
674 UTI Arbitrage 8.3 6.4 5.8 6.5 8 13 10 10 -1 2 19 30 2.5 4.7 Avg 0.37 6,103  3.2
Hybrid: Arbitrage 8.1 6.3 5.7 6.5 25 24 21 14 -1 1 18 29 2.4 4.5 0.33 8,385
CCIL T Bill Liquidity Weight 4.8 3.6 3.3 4.0
Hybrid: Dynamic Asset Allocation
675 ABSL Balanced Advantage 25.6 13.5 15.8 12.4 18 17 7 - 52 59 21 31 2.5 -0.2 Avg 0.68 7,460  3.2
Hybrid: Dynamic Asset Allocation 28.0 14.3 15.6 11.6 33 24 21 9 48 63 21 32 3.1 0.0 0.68 7,766
VR Balanced TRI 29.8 14.1 17.5 12.7
Data pertains to direct plans. ETFs and index funds are excluded and covered in their own scoreboards. Portfolio and AUM data as of July 31, 2024; all other data as of August 31, 2024. # Funds launched less than a year ago.

76 Mutual Fund Insight October 2024

Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.
 Portfolio
Performance Composition (%)
Returns (%) Rank Equity Debt Info. Risk Expense Assets Fund Average
S.No. Fund Name 1Y 3Y 5Y 10Y 1Y 3Y 5Y 10Y Min Max Min Max Alpha Ratio Grade Ratio (%) (` cr) Rating Rating
Hybrid: Dynamic Asset Allocation
676 Axis Balanced Advantage 32.1 14.2 14.7 - 5 13 14 - 60 70 23 33 2.8 0.0 Avg 0.84 2,466  2.4
677 Axis Retirement Savings-Dynamic Plan 43.6 15.0 - - 2 7 - - 87 90 9 11 1.7 0.1 High 1.11 384  1.1
678 Bajaj FinServ Balanced Advantage # - - - - - - - - 53 80 14 28 - - - 0.55 1,233 NR -
679 Bandhan Balanced Advantage 22.9 10.9 14.0 - 30 23 17 - 38 47 18 29 0.4 -0.5 +Avg 0.71 2,302  2.9
680 Bank of India Balanced Advantage 27.6 16.6 13.9 9.2 13 3 18 9 61 80 2 17 3.3 0.3 +Avg 1.41 138  1.4
681 Baroda BNP Paribas Balanced Advantage 29.0 15.8 19.1 - 10 5 2 - 55 70 22 28 3.1 0.3 +Avg 0.73 4,066  3.8
682 Canara Robeco Balanced Advtg - - - - - - - - - - - - - - - 0.41 - NR -
683 DSP Dynamic Asset Allocation 23.2 11.3 13.1 10.6 27 22 20 7 30 51 31 34 1.1 -0.5 -Avg 0.71 3,212  3.3
684 Edelweiss Balanced Advantage 29.8 14.4 18.6 13.2 8 9 3 1 69 78 18 26 2.9 0.0 Avg 0.51 12,117  4.4
685 Franklin India Balanced Advantage 27.2 - - - 14 - - - 42 50 13 29 - - - 0.42 2,171 NR -
686 Franklin India Dynamic Asset Allocat FoF 26.5 16.9 15.1 12.2 17 2 11 4 38 46 45 58 5.7 0.4 +Avg 1.11 1,330  3.2
687 HDFC Balanced Advantage 39.2 25.3 22.9 15.6 3 1 1 - 50 60 26 29 11.4 1.7 High 0.72 94,048  3.4
688 HDFC Dynamic PE Ratio FoF 23.2 16.4 17.7 13.2 29 4 4 2 43 49 43 50 5.3 0.3 Avg 0.23 48  4.2
689 Helios Balanced Advantage # - - - - - - - - 46 59 9 11 - - - 0.74 217 NR -
690 HSBC Balanced Advantage 25.3 13.0 13.4 10.7 21 19 19 - 48 67 30 31 2.7 -0.2 -Avg 0.77 1,494  3.0
691 ICICI Pru Balanced Advantage 24.6 14.6 15.5 12.7 23 8 9 3 42 53 22 32 4.8 0.0 Low 0.85 60,135  4.2
692 Invesco India Balanced Advantage 29.9 14.4 14.6 12.2 7 10 15 5 55 67 15 24 2.6 0.0 +Avg 0.86 803  2.2
693 ITI Balanced Advantage 28.7 13.7 - - 11 15 - - 50 69 15 20 3.1 -0.1 +Avg 0.63 383  -- 2.4
694 Kotak Balanced Advantage 24.7 13.4 15.1 - 22 18 10 - 45 55 22 24 3.0 -0.2 -Avg 0.51 16,795  3.6
695 LIC MF Balanced Advantage 20.7 - - - 32 - - - 44 57 23 28 - - - 0.56 877 NR -
696 Mahindra Manulife Balanced Advantage 29.5 - - - 9 - - - 55 64 18 26 - - - 0.49 859 NR -
697 Mirae Asset Balanced Advantage 23.7 - - - 25 - - - 48 52 23 32 - - - 0.68 1,692 NR -
698 Motilal Oswal Balance Advantage 26.7 15.3 14.8 - 15 6 13 - 54 64 15 18 4.5 0.1 High 0.96 1,271  1.6
699 Nippon India Balanced Advantage 28.2 14.3 15.7 12.3 12 11 8 - 38 71 23 27 3.3 0.0 Avg 0.55 8,622  3.1
700 NJ Balanced Advantage 36.2 - - - 4 - - - 49 59 7 28 - - - 0.62 4,185 NR -
701 Parag Parikh Dynamic Asset Allocation # - - - - - - - - 13 17 51 100 - - - 0.31 888 NR -
702 PGIM India Balanced Advantage 22.0 12.3 - - 31 20 - - 66 77 23 35 0.5 -0.4 +Avg 0.47 1,127  2.0
703 Quant Dynamic Asset Allocation 58.3 - - - 1 - - - 67 98 1 7 - - - 0.65 1,334 NR -
704 Samco Dynamic Asset Allocation # - - - - - - - - 2 92 6 75 - - - 0.71 635 NR -
705 SBI Balanced Advantage 25.4 - - - 19 - - - 31 47 22 29 - - - 0.68 32,145 NR -
706 Shriram Balanced Advantage 31.3 14.3 14.9 - 6 12 12 - 59 70 14 31 2.9 0.0 Avg 0.65 55  2.9
707 Sundaram Balanced Advantage 25.3 13.7 16.5 11.5 20 16 5 6 57 61 20 23 2.5 -0.1 Low 0.59 1,573  -- 4.1
708 Tata Balanced Advantage 24.0 14.1 16.4 - 24 14 6 - 43 53 24 28 3.4 -0.1 -Avg 0.35 10,051  4.0
709 Union Balanced Advantage 23.2 11.7 14.6 - 28 21 16 - 41 75 20 27 1.5 -0.4 Avg 0.96 1,572  3.5
710 UTI Balanced Advantage 23.2 - - - 26 - - - 50 65 24 32 - - - 0.53 3,038 NR -
711 UTI Unit Linked Insurance Plan 16.4 8.4 11.6 9.3 33 24 21 8 38 39 52 59 -1.4 -0.9 Avg 0.94 5,487  1.7
712 WhiteOak Capital Balanced Advantage 26.7 - - - 16 - - - 51 58 30 34 - - - 0.53 1,112 NR -
Hybrid: Dynamic Asset Allocation 28.0 14.3 15.6 11.6 33 24 21 9 48 63 21 32 3.1 0.0 0.68 7,766
VR Balanced TRI 29.8 14.1 17.5 12.7
Hybrid: Multi Asset Allocation
713 ABSL Asset Allocator FoF 33.2 16.1 18.8 - 7 10 - - 42 74 15 31 4.7 0.2 Avg 0.42 226  3.0
714 ABSL Financial Planning FOF Aggressive 35.2 17.8 20.4 14.6 5 6 3 1 62 79 14 18 4.9 0.7 +Avg 0.37 222  3.0
715 ABSL Financial Planning FOF Conservative 20.0 11.6 12.8 9.9 25 17 10 6 24 41 51 56 2.8 -0.4 Low 0.57 19  3.8
716 ABSL Financial Planning FOF Moderate 27.6 14.6 16.5 12.0 15 14 7 4 43 60 32 37 3.8 0.0 Avg 0.55 37  3.1
717 ABSL Multi Asset Allocation 27.4 - - - 16 - - - 61 65 14 18 - - - 0.48 3,509 NR -
718 ABSL Multi-Index FoF 39.3 - - - 3 - - - 49 75 0 3 - - - 0.24 17 NR -
719 Axis Multi Asset Allocation 28.0 10.6 16.3 12.1 14 21 8 3 68 77 11 16 -2.0 -0.8 High 1.07 1,289  2.4
720 Bajaj Finserv Multi Asset Allocation # - - - - - - - - 58 63 24 25 - - - 0.56 984 NR -
721 Bandhan Multi Asset Allocation # - - - - - - - - 57 62 8 10 - - - 0.41 1,644 NR -
722 Bank of India Multi Asset Allocation # - - - - - - - - 35 40 47 48 - - - 1.24 351 NR -
723 Baroda BNP Paribas Multi Asset 34.5 - - - 6 - - - 70 76 8 13 - - - 0.90 1,212 NR -
724 DSP Multi Asset Allocation # - - - - - - - - 34 60 10 22 - - - 0.27 1,925 NR -
725 Edelweiss Multi Asset Allocation 8.0 - - - 28 - - - 0 0 45 59 - - - 0.40 1,016 NR -
726 Franklin India Multi Asset Solution FoF 21.4 12.2 9.3 - 23 16 12 - 28 47 22 46 3.3 -0.3 -Avg 1.17 55  1.4
Hybrid: Multi Asset Allocation 28.1 15.8 17.4 11.7 28 21 12 7 43 58 20 29 4.8 0.2 0.47 3,159
VR Balanced TRI 29.8 14.1 17.5 12.7
Data pertains to direct plans. ETFs and index funds are excluded and covered in their own scoreboards. Portfolio and AUM data as of July 31, 2024; all other data as of August 31, 2024. # Funds launched less than a year ago.

Mutual Fund Insight October 2024 77

Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.
 SCOREBOARD: HYBRID FUNDS
Portfolio
Performance Composition (%)
Returns (%) Rank Equity Debt Info. Risk Expense Assets Fund Average
S.No. Fund Name 1Y 3Y 5Y 10Y 1Y 3Y 5Y 10Y Min Max Min Max Alpha Ratio Grade Ratio (%) (` cr) Rating Rating
Hybrid: Multi Asset Allocation
727 HDFC Asset Allocator FoF 26.4 17.1 - - 19 7 - - 44 51 29 37 5.9 0.4 -Avg 0.06 3,173  4.0
728 HDFC Multi Asset 26.9 14.8 18.2 12.2 18 12 4 - 48 59 13 15 4.2 0.0 Avg 0.76 3,348  3.5
729 HSBC Managed Solutions India Moderate 28.6 14.3 16.9 12.6 13 15 6 2 61 65 31 35 2.0 0.0 +Avg 0.09 60  2.0
730 HSBC Multi Asset Allocation # - - - - - - - - 19 69 4 13 - - - 0.55 1,939 NR -
731 ICICI Pru Asset Allocator (FOF) 23.6 15.2 16.6 13.5 20 11 - - 28 43 41 59 5.8 0.1 Low 0.07 22,109  4.3
732 ICICI Pru Multi Asset 32.7 23.2 23.1 16.0 8 2 2 - 49 61 9 19 10.9 1.3 Avg 0.72 46,488  3.8
733 ICICI Pru Passive Multi-Asset FoF 20.5 - - - 24 - - - 54 64 13 32 - - - 0.22 1,109 NR -
734 Kotak Multi Asset Allocation # - - - - - - - - 0 60 9 12 - - - 0.30 6,952 NR -
735 Kotak Multi Asset Allocator FoF-Dynamic 31.9 20.1 22.6 15.7 9 - - - 52 63 22 30 7.4 1.1 - 0.30 1,547 NR -
736 Mahindra Manulife Multi Asset Allocation # - - - - - - - - 24 45 23 37 - - - 0.43 483 NR -
737 Mirae Asset Multi Asset Allocation # - - - - - - - - 20 68 9 22 - - - 0.41 1,586 NR -
738 Motilal Oswal Asset Alloc Passive Agrssv 29.8 14.7 - - 11 13 - - 70 76 14 19 2.2 0.1 +Avg 0.09 68  1.3
739 Motilal Oswal Asset Alloc Passive Cons 21.6 11.3 - - 22 19 - - 40 46 43 48 1.3 -0.5 Avg 0.05 43  2.0
740 Motilal Oswal Multi Asset 17.3 11.2 - - 27 20 - - 41 55 27 42 2.8 -0.3 Avg 0.91 105  1.6
741 Nippon India Asset Allocator FoF 31.5 19.9 - - 10 3 - - 44 62 14 29 8.2 0.8 -Avg 0.33 245  4.6
742 Nippon India Multi Asset Allocation 35.7 18.3 - - 4 5 - - 68 72 12 15 5.8 0.7 +Avg 0.28 3,854  2.3
743 Quant Multi Asset 43.6 25.2 30.1 17.9 1 1 1 - 50 74 5 11 11.5 1.0 +Avg 0.62 2,605  5.0
744 Quantum Multi Asset Allocation # - - - - - - - - 40 44 46 49 - - - 0.37 25 NR -
745 Quantum Multi Asset FOFs 20.0 11.4 11.4 9.4 26 18 11 7 36 39 46 50 2.1 -0.4 -Avg 0.10 58  3.0
746 SBI Multi Asset Allocation 27.1 16.3 15.9 12.7 17 9 9 - 37 49 19 39 5.6 0.2 -Avg 0.53 5,645  3.9
747 Shriram Multi Asset Allocation # - - - - - - - - 49 73 6 20 - - - 0.55 159 NR -
748 Sundaram Multi Asset Allocation # - - - - - - - - 28 61 6 10 - - - 0.16 2,310 NR -
749 Tata Multi Asset Opportunities 29.3 16.7 - - 12 8 - - 54 58 8 12 4.9 0.5 +Avg 0.36 3,188  3.8
750 UTI Multi Asset Allocation 42.7 19.8 17.9 11.1 2 4 5 5 47 66 11 20 7.5 0.8 Avg 0.93 2,913  2.3
751 WhiteOak Capital Multi Asset Allocation 22.2 - - - 21 - - - 33 38 30 40 - - - 0.61 671 NR -
Hybrid: Multi Asset Allocation 28.1 15.8 17.4 11.7 28 21 12 7 43 58 20 29 4.8 0.2 0.47 3,159
VR Balanced TRI 29.8 14.1 17.5 12.7

SCOREBOARD: DEBT FUNDS

Performance Portfolio Composition
Returns (%) Rank Credit Quality (%) Avg. Maturity Info. Risk Expense Assets Fund Average
S.No. Fund Name 1M 3M 1Y 3Y 1M 3M 1Y 3Y High Medium Low (years) Alpha Ratio Grade Ratio (%) (` cr) Rating Rating
Debt: Long Duration
752 ABSL Long Duration 1.3 3.1 10.0 - 1 7 6 - 100 - - 24 - - - 0.43 122 NR -
753 Axis Long Duration 1.1 3.2 11.1 - 7 5 3 - 100 - - 31 - - - 0.26 348 NR -
754 Bandhan Long Duration 1.2 3.3 - - 3 1 - - 100 - - 29 - - - 0.24 119 NR -
755 HDFC Long Duration Debt 1.2 3.3 11.2 - 6 3 2 - 100 - - 31 - - - 0.25 3,390 NR -
756 ICICI Pru Long Term Bond 1.0 2.7 9.5 5.9 9 9 7 2 100 - - 11 8.8 0.8 - 0.40 856 NR -
757 Kotak Long Duration 1.2 3.2 - - 5 4 - - 100 - - 35 - - - 0.34 105 NR -
758 Nippon India Nivesh Lakshya 1.2 3.2 10.7 7.3 2 6 5 1 100 - - 21 10.5 0.9 - 0.30 8,037 NR -
759 SBI Long Duration 1.2 3.3 11.2 - 4 2 1 - 100 - - 30 - - - 0.23 2,035 NR -
760 UTI Long Duration 1.1 2.9 10.9 - 8 8 4 - 100 - - 18 - - - 0.65 96 NR -
Debt: Long Duration 1.2 3.1 10.6 6.6 9 9 7 2 100 26 9.7 0.8 0.34 1,679
VR Bond Index 0.8 2.3 8.3 6.0
Debt: Medium to Long Duration
761 ABSL Income 0.9 2.5 8.2 5.9 9 7 11 9 100 - - 12 -0.1 -0.1 Avg 0.74 1,922  3.6
762 Bandhan Bond Income 0.9 2.5 8.4 5.1 10 8 9 13 100 - - 14 -0.9 -0.6 High 1.32 492  1.9
763 Canara Robeco Income 0.9 2.6 8.6 5.6 5 5 7 10 100 - - 14 -0.4 -0.4 +Avg 0.68 115  2.6
764 HDFC Income 1.0 2.7 8.8 5.9 2 3 3 8 99 - - 11 -0.1 0.0 Avg 0.80 844  2.8
765 HSBC Medium to Long Duration 0.9 2.6 8.7 5.2 6 6 6 11 100 - - 10 -0.7 -0.6 +Avg 0.67 47  1.8
766 ICICI Pru Bond 0.9 2.4 8.7 6.4 11 12 5 3 96 - - 8 0.4 0.6 -Avg 0.62 2,960  3.9
Debt: Medium to Long Duration 0.9 2.5 8.6 6.3 13 13 13 13 97 17 11 0.3 0.1 0.73 860
VR Bond Index 0.8 2.3 8.3 6.0
Data pertains to direct plans. ETFs and index funds are excluded and covered in their own scoreboards. Portfolio and AUM data as of July 31, 2024; all other data as of August 31, 2024. # Funds launched less than a year ago.

78 Mutual Fund Insight October 2024

Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.
 SCOREBOARD: DEBT FUNDS
Performance Portfolio Composition
Returns (%) Rank Credit Quality (%) Avg. Maturity Info. Risk Expense Assets Fund Average
S.No. Fund Name 1M 3M 1Y 3Y 1M 3M 1Y 3Y High Medium Low (years) Alpha Ratio Grade Ratio (%) (` cr) Rating Rating
Debt: Medium to Long Duration
767 ICICI Pru Debt Management (FOF) 0.7 2.1 8.1 6.2 13 13 12 6 88 11 - - 0.3 0.2 Low 0.41 127  4.2
768 JM Medium to Long Duration 0.9 2.4 8.4 5.2 7 11 10 12 100 - - 9 -0.8 -0.6 +Avg 0.62 24  1.7
769 Kotak Bond 0.9 2.7 9.3 6.3 4 2 1 4 99 - - 14 0.3 0.4 Avg 0.69 2,059  3.3
770 LIC MF Medium to Long Duration 1.1 2.8 8.8 6.1 1 1 4 7 100 - - 8 0.1 0.1 Avg 0.21 172  2.5
771 Nippon India Income 1.0 2.7 9.0 6.6 3 4 2 2 100 - - 11 0.6 0.6 Avg 0.67 338  3.0
772 SBI Magnum Income 0.8 2.5 8.4 6.3 12 9 8 5 77 22 - 11 0.3 0.4 -Avg 0.78 1,781  4.2
773 UTI Medium to Long Duration 0.9 2.4 7.9 10.6 8 10 13 1 100 - - 10 4.6 0.7 -Avg 1.25 301  4.2
Debt: Medium to Long Duration 0.9 2.5 8.6 6.3 13 13 13 13 97 17 11 0.3 0.1 0.73 860
VR Bond Index 0.8 2.3 8.3 6.0
Debt: Medium Duration
774 ABSL Medium Term 0.8 2.9 8.8 13.6 4 1 3 1 69 24 2 5 7.3 0.8 -Avg 0.85 1,869  4.3
775 Axis Strategic Bond 0.8 2.4 8.9 6.9 3 4 2 2 65 26 9 6 0.9 1.1 -Avg 0.45 1,942  4.0
776 Bandhan Bond Fund Medium Term Plan 0.8 2.4 8.2 5.3 5 5 8 13 100 - - 5 -0.7 -0.5 High 0.60 1,523  2.4
777 Baroda BNP Paribas Medium Duration 0.7 2.2 7.6 5.7 13 13 14 11 93 7 - 4 -0.3 -0.4 Avg 0.69 28  2.0
778 DSP Bond 0.7 2.3 8.0 5.8 12 9 10 9 100 - - 4 -0.1 -0.2 Avg 0.40 381  2.4
779 HDFC Medium Term Debt 0.9 2.5 8.4 6.3 2 3 5 7 77 21 - 5 0.3 0.4 Avg 0.60 4,143  3.3
780 HSBC Medium Duration 0.7 2.3 8.4 6.3 10 11 4 8 90 10 - 5 0.3 0.3 Avg 0.40 812  3.4
781 ICICI Pru Medium Term Bond 0.8 2.3 8.3 6.7 8 10 6 4 65 33 - 5 0.7 0.9 Low 0.74 6,054  4.3
782 Invesco India Medium Duration 0.8 2.3 8.2 5.6 6 7 7 12 98 2 - 5 -0.3 -0.4 +Avg 0.40 241  2.0
783 Kotak Medium Term 1.1 2.7 9.9 6.7 1 2 1 3 62 23 7 6 0.7 0.7 +Avg 0.67 1,663  3.2
784 Nippon India Strategic Debt 0.7 2.4 8.0 5.7 11 6 11 10 72 27 - 4 -0.2 -0.3 Avg 0.50 117  2.9
785 SBI Magnum Medium Duration 0.8 2.3 8.1 6.3 7 8 9 6 66 26 8 5 0.4 0.4 -Avg 0.69 5,876  4.0
786 Sundaram Medium Duration 0.7 2.0 7.0 4.5 15 15 15 15 97 2 - 5 -1.4 -1.5 High 1.26 43  1.7
787 Union Medium Duration 0.7 2.2 7.7 5.0 14 12 13 14 100 - - 5 -0.9 -0.9 +Avg 0.63 105  1.9
788 UTI Medium Duration 0.8 2.2 7.7 6.7 9 14 12 5 72 22 - 5 0.7 0.4 Avg 0.94 40  2.4
Debt: Medium Duration 0.8 2.4 8.2 6.5 15 15 15 15 82 19 7 5 0.5 0.1 0.65 1,656
VR Bond Index 0.8 2.3 8.3 6.0
Debt: Short Duration
789 ABSL Retirement 50s + Debt 0.7 2.1 7.2 5.0 21 23 25 24 100 - - 3 4.8 1.0 High 0.84 16  1.0
790 ABSL Short Term 0.7 2.2 8.1 6.5 11 13 6 5 96 4 - 4 4.3 3.8 -Avg 0.38 8,019  4.3
791 Axis Short Term 0.7 2.2 8.1 6.2 3 12 11 6 98 2 - 4 4.5 3.5 Avg 0.36 8,414  3.9
792 Bandhan All Seasons Bond 0.7 2.3 8.0 5.7 7 8 14 18 91 8 - 4 4.6 2.4 +Avg 0.07 122  2.8
793 Bandhan Bond Short Term 0.7 2.3 8.2 5.8 2 4 3 15 100 - - 4 5.4 1.9 High 0.33 8,726  1.9
794 Bank of India Short Term Income 0.7 2.1 7.4 12.8 23 22 24 1 100 - - 4 9.5 0.9 High 0.50 76  2.0
795 Baroda BNP Paribas Short Duration 0.7 2.2 8.0 6.0 18 19 12 11 95 4 - 3 5.1 2.6 -Avg 0.38 225  3.2
796 Canara Robeco Short Duration 0.7 2.0 7.5 5.5 22 24 22 22 100 - - 3 3.9 2.6 -Avg 0.41 352  2.6
797 DSP Short-Term 0.7 2.3 7.8 5.7 10 5 20 17 100 - - 4 4.6 2.6 Avg 0.34 2,893  2.7
798 Groww Short Term 0.7 2.4 8.1 5.5 12 1 7 23 100 - - 3 4.2 1.9 High 0.40 39  1.6
799 HDFC Short Term Debt 0.7 2.3 8.2 6.2 6 10 4 7 94 5 - 4 4.5 3.4 -Avg 0.40 13,654  3.7
800 HSBC Short Duration 0.7 2.3 7.8 5.5 13 11 19 21 100 - - 3 4.5 2.1 +Avg 0.27 3,763  2.3
801 ICICI Pru Short Term 0.7 2.2 8.3 6.9 16 14 2 4 92 7 - 4 4.3 4.6 Low 0.45 18,403  4.3
802 Invesco India Short Duration Term 0.7 2.2 7.9 5.6 15 16 16 20 100 - - 4 4.5 2.3 +Avg 0.35 397  2.1
803 JM Short Duration 0.7 2.2 7.6 - 24 15 21 - 100 - - 3 - - Avg 0.34 134  2.0
804 Kotak Bond Short-term 0.7 2.3 8.1 6.0 5 3 5 10 100 - - 5 4.7 2.8 +Avg 0.37 15,080  3.3
805 LIC MF Short Duration 0.7 2.3 8.1 5.8 17 9 10 16 100 - - 3 4.5 2.4 Avg 0.37 107  2.2
806 Mahindra Manulife Short Duration 0.7 2.4 8.4 6.1 9 2 1 9 91 8 - 4 4.9 2.9 Avg 0.29 54  3.0
807 Mirae Asset Short Duration 0.7 2.3 8.0 5.9 1 7 13 13 97 3 - 4 4.4 3.1 Avg 0.29 335  3.0
808 Nippon India Short Term 0.7 2.3 8.1 6.2 8 6 8 8 98 2 - 3 4.8 2.9 Avg 0.37 6,213  4.3
809 SBI Short Term Debt 0.7 2.2 7.9 5.9 4 17 18 14 96 4 - 4 4.3 3.2 -Avg 0.35 13,070  3.0
810 Sundaram Short Duration 0.7 2.2 7.9 8.5 14 20 17 2 100 - - 4 2.1 1.2 Avg 0.29 193  4.3
811 Tata Short Term Bond 0.7 2.2 8.0 5.9 19 18 15 12 100 - - 3 4.7 2.7 +Avg 0.36 2,312  2.9
812 TRUSTMF Short Duration 0.7 2.1 7.4 5.7 20 21 23 19 100 - - 3 4.1 2.4 Avg 0.23 119  2.6
813 UTI Short Duration 0.6 2.0 8.1 7.8 25 25 9 3 98 1 - 3 2.8 1.6 Low 0.38 2,745  4.3
Debt: Short Duration 0.7 2.2 7.9 6.4 25 25 25 24 98 5 4 4.6 2.5 0.36 4,218
CCIL T Bill Liquidity Weight 0.4 1.3 4.8 3.6

Data pertains to direct plans. ETFs and index funds are excluded and covered in their own scoreboards. Portfolio and AUM data as of July 31, 2024; all other data as of August 31, 2024.

Mutual Fund Insight October 2024 79

Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.
 SCOREBOARD: DEBT FUNDS
Performance Portfolio Composition
Returns (%) Rank Credit Quality (%) Avg. Maturity Info. Risk Expense Assets Fund Average
S.No. Fund Name 1M 3M 1Y 3Y 1M 3M 1Y 3Y High Medium Low (years) Alpha Ratio Grade Ratio (%) (` cr) Rating Rating
Debt: Low Duration
814 ABSL Low Duration 0.6 1.9 7.7 6.4 19 10 7 3 97 3 - 1 3.1 9.2 Avg 0.42 10,833  4.3
815 Axis Treasury Advantage 0.6 2.0 7.7 6.2 1 7 9 8 99 1 - 1 3.2 8.0 Avg 0.35 4,962  3.9
816 Bandhan Low Duration 0.6 1.9 7.4 5.9 9 20 20 20 100 - - 1 3.1 6.0 +Avg 0.33 5,879  2.0
817 Baroda BNP Paribas Low Duration 0.6 1.9 7.6 6.1 6 14 11 12 97 3 - 1 3.3 5.9 -Avg 0.31 218  2.9
818 Canara Robeco Savings 0.6 1.9 7.4 5.9 12 16 17 18 100 - - 1 3.0 7.2 +Avg 0.34 1,002  2.3
819 DSP Low Duration 0.6 1.9 7.5 6.0 20 17 16 15 100 - - 1 3.0 8.0 +Avg 0.30 4,855  2.7
820 HDFC Low Duration 0.6 2.0 7.8 6.3 10 1 2 4 95 5 - 2 3.3 6.3 +Avg 0.45 18,525  3.7
821 HSBC Low Duration 0.6 1.9 7.7 6.2 18 13 8 9 96 3 - 1 3.2 7.4 -Avg 0.25 427  3.4
822 ICICI Pru Savings 0.6 2.0 7.8 6.2 4 5 1 7 94 6 - 2 3.3 3.3 High 0.42 19,698  1.9
823 Invesco India Low Duration 0.6 1.9 7.4 5.9 15 15 18 19 100 - - 1 3.0 7.1 Avg 0.32 1,447  2.5
824 JM Low Duration 0.6 1.9 7.5 5.9 16 11 15 17 94 6 - 1 2.7 9.0 -Avg 0.25 259  3.4
825 Kotak Low Duration 0.6 2.0 7.7 6.3 5 4 4 6 96 4 - 2 3.3 6.1 High 0.42 9,670  3.2
826 LIC MF Low Duration 0.6 1.9 7.5 6.0 13 8 12 16 100 - - 1 2.9 8.5 Avg 0.27 1,165  2.9
827 Mahindra Manulife Low Duration 0.6 2.0 7.7 6.2 7 6 5 10 87 13 - 1 3.2 7.8 +Avg 0.30 525  3.5
828 Mirae Asset Low Duration 0.6 2.0 7.7 6.1 3 2 3 13 97 2 - 1 3.1 7.7 Avg 0.25 1,021  2.8
829 Nippon India Low Duration 0.6 1.9 7.6 6.3 8 12 10 5 95 5 - 1 3.1 8.7 Avg 0.37 6,228  -- 4.0
830 SBI Magnum Low Duration 0.6 2.0 7.7 6.1 2 3 6 11 99 1 - 2 3.2 8.3 Low 0.43 11,204  3.1
831 Sundaram Low Duration 0.6 1.9 7.5 8.8 11 9 14 1 95 5 - 1 0.5 1.2 Low 0.39 380  4.5
832 Tata Treasury Advantage 0.6 1.9 7.5 6.0 17 18 13 14 100 - - 1 2.9 7.2 Avg 0.24 2,669  2.6
833 UTI Low Duration 0.6 1.9 7.4 7.7 14 19 19 2 98 2 - 1 1.3 1.5 -Avg 0.37 2,849  4.3
Debt: Low Duration 0.6 1.9 7.6 6.3 20 20 20 20 97 4 1 2.9 6.7 0.34 5,191
CCIL T Bill Liquidity Weight 0.4 1.3 4.8 3.6
Debt: Ultra Short Duration
834 ABSL Savings 0.6 1.8 7.7 6.3 10 11 5 6 92 8 - 0 2.7 9.5 +Avg 0.36 14,454  3.2
835 Axis Ultra Short Term 0.6 1.9 7.7 6.3 3 3 3 4 93 7 - 1 2.8 11.8 -Avg 0.36 4,959  4.1
836 Bandhan Ultra Short Term 0.6 1.8 7.4 6.0 4 18 17 20 100 - - 0 2.7 9.3 +Avg 0.27 3,745  2.2
837 Bank of India Ultra Short Duration 0.5 1.7 6.9 5.7 23 23 23 23 100 - - 0 2.1 9.1 +Avg 0.39 174  1.9
838 Baroda BNP Paribas Ultra Short Duration 0.6 1.8 7.5 6.3 20 16 15 5 98 1 - 1 2.8 10.6 Avg 0.30 1,302  3.1
839 Canara Robeco Ultra Short Term 0.5 1.7 7.1 5.8 21 22 22 22 100 - - 0 2.3 9.3 +Avg 0.41 531  2.0
840 DSP Ultra Short 0.6 1.8 7.7 6.2 15 14 4 10 100 - - 0 2.7 9.7 Avg 0.30 3,004  3.0
841 Franklin India Ultra Short Duration - - - - - - - - - - - - - - - 0.26 - NR -
842 HDFC Ultra Short Term 0.6 1.8 7.6 6.1 8 9 10 13 100 0 - 0 2.7 10.2 Avg 0.37 15,129  3.7
843 HSBC Ultra Short Duration 0.6 1.8 7.5 6.1 16 15 14 16 100 - - 1 2.7 10.5 Avg 0.21 2,898  3.0
844 ICICI Pru Ultra Short Term 0.6 1.8 7.7 6.4 12 7 6 3 96 3 - 0 2.7 12.5 Low 0.39 14,113  4.8
845 Invesco India Ultra Short Duration 0.6 1.8 7.5 6.1 6 5 12 15 99 1 - 0 2.7 10.1 Avg 0.24 704  3.0
846 ITI Ultra Short Duration 0.6 1.8 7.4 6.0 13 20 18 21 100 - - 0 2.4 10.2 Avg 0.10 233  ++ 2.5
847 Kotak Savings 0.6 1.8 7.5 6.2 17 17 16 11 97 3 - 1 2.6 10.2 +Avg 0.36 12,980  3.3
848 LIC MF Ultra Short Duration 0.6 1.8 7.3 6.0 7 13 20 19 100 - - 0 2.0 7.7 -Avg 0.25 196  2.2
849 Mahindra Manulife Ultra Short Duration 0.6 1.9 7.6 6.2 14 4 9 12 94 6 - 0 2.7 10.0 Avg 0.29 252  3.4
850 Mirae Asset Ultra Short Duration 0.6 1.9 7.7 6.2 1 1 2 8 94 6 - 1 2.7 11.2 -Avg 0.21 1,444  3.8
851 Motilal Oswal Ultra Short Term 0.5 1.6 6.8 5.3 24 24 24 24 100 - - 0 1.7 7.9 High 0.52 278  1.3
852 Nippon India Ultra Short Duration 0.6 1.9 7.8 6.6 5 2 1 2 94 5 - 1 2.8 14.0 -Avg 0.38 7,291  3.9
853 PGIM India Ultra Short Duration 0.6 1.8 7.4 6.1 19 19 19 17 99 - - 0 2.4 10.8 -Avg 0.27 237  3.2
854 SBI Magnum Ultra Short Duration 0.6 1.8 7.5 6.0 2 6 13 18 100 - - 0 2.7 10.1 +Avg 0.31 13,220  2.6
855 Sundaram Ultra Short Duration 0.6 1.8 7.6 6.2 11 10 11 9 100 - - 0 2.6 10.6 -Avg 0.24 1,828  3.4
856 Tata Ultra Short Term 0.6 1.8 7.6 6.3 18 8 7 7 97 3 - 0 2.7 11.6 -Avg 0.37 2,531  3.8
857 UTI Ultra Short Duration 0.6 1.8 7.6 7.1 9 12 8 1 89 11 - 0 1.9 2.2 Avg 0.37 2,139  4.1
858 WhiteOak Capital Ultra Short Duration 0.5 1.7 7.3 6.1 22 21 21 14 67 - - 0 2.1 5.4 Avg 0.50 278  2.3
Debt: Ultra Short Duration 0.6 1.8 7.5 6.1 24 24 24 24 96 5 0 2.5 9.8 0.32 4,330
CCIL T Bill Liquidity Weight 0.4 1.3 4.8 3.6
Debt: Liquid
859 360 ONE Liquid 0.6 1.7 7.2 5.9 - - - - 100 - - 0 1.9 8.5 - 0.20 1,072  1.6
860 ABSL Liquid 0.6 1.8 7.5 6.1 6 2 2 1 100 - - 0 2.2 9.9 - 0.21 51,274  4.4
861 Axis Liquid 0.6 1.8 7.4 6.1 8 10 6 7 100 - - 0 2.1 9.7 - 0.15 27,339  3.6
Debt: Liquid 0.6 1.8 7.4 6.0 30 30 30 29 100 2 0 2.0 9.4 0.15 14,120
CCIL T Bill Liquidity Weight 0.4 1.3 4.8 3.6
Data pertains to direct plans. ETFs and index funds are excluded and covered in their own scoreboards. Portfolio and AUM data as of July 31, 2024; all other data as of August 31, 2024.

80 Mutual Fund Insight October 2024

Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.
 Performance Portfolio Composition
Returns (%) Rank Credit Quality (%) Avg. Maturity Info. Risk Expense Assets Fund Average
S.No. Fund Name 1M 3M 1Y 3Y 1M 3M 1Y 3Y High Medium Low (years) Alpha Ratio Grade Ratio (%) (` cr) Rating Rating
Debt: Liquid
862 Bajaj Finserv Liquid 0.6 1.8 7.5 - 10 5 3 - 100 - - 0 - - - 0.10 3,866 NR -
863 Bandhan Liquid 0.6 1.8 7.4 6.0 17 19 16 15 100 - - 0 2.1 9.5 - 0.12 13,040  2.6
864 Bank of India Liquid 0.6 1.8 7.5 6.1 14 12 5 3 100 - - 0 2.1 10.0 - 0.10 2,013  3.6
865 Baroda BNP Paribas Liquid 0.6 1.8 7.4 6.1 13 15 23 4 100 - - 0 2.1 9.8 - 0.17 10,368  4.4
866 Canara Robeco Liquid 0.6 1.8 7.4 6.0 18 20 17 16 100 - - 0 2.1 9.1 - 0.12 3,779  2.8
867 DSP Liquidity 0.6 1.8 7.4 6.0 1 1 11 14 100 - - 0 2.1 9.7 - 0.10 15,275  3.0
868 Edelweiss Liquid 0.6 1.8 7.5 6.1 3 4 1 6 100 - - 0 2.2 9.9 - 0.08 5,428  4.2
869 Franklin India Liquid 0.6 1.8 7.4 6.0 4 6 19 17 96 3 - 0 2.1 9.5 - 0.13 3,083  3.0
870 Groww Liquid 0.6 1.8 7.4 5.9 - - - - 100 - - 0 1.9 7.9 - 0.10 194  1.6
871 HDFC Liquid 0.6 1.8 7.4 6.0 25 24 25 26 100 - - 0 2.1 9.7 - 0.20 62,051  2.4
872 HSBC Liquid 0.6 1.8 7.4 6.0 9 16 10 13 100 - - 0 2.1 9.2 - 0.12 17,291  3.3
873 ICICI Pru Liquid 0.6 1.8 7.4 6.0 16 14 14 22 100 0 - 0 2.1 9.7 - 0.20 50,078  2.7
874 Invesco India Liquid 0.6 1.8 7.4 6.0 12 21 21 23 100 - - 0 2.1 9.6 - 0.15 10,987  2.9
875 ITI Liquid 0.6 1.7 7.1 5.8 28 28 29 28 100 - - 0 1.7 7.9 - 0.09 51  1.7
876 JM Liquid 0.6 1.8 7.4 6.0 24 27 27 20 100 - - 0 2.0 9.4 - 0.16 2,384  3.2
877 Kotak Liquid 0.6 1.8 7.4 6.0 21 18 22 21 100 - - 0 2.1 9.6 - 0.20 37,471  2.9
878 LIC MF Liquid 0.6 1.8 7.4 6.0 23 22 15 19 100 - - 0 2.1 9.4 - 0.16 10,589  3.3
879 Mahindra Manulife Liquid 0.6 1.8 7.5 6.1 2 3 4 2 100 - - 0 2.1 9.7 - 0.15 1,516  4.9
880 Mirae Asset Liquid 0.6 1.8 7.4 6.1 11 7 8 10 100 - - 0 2.1 9.2 - 0.09 11,965  3.8
881 Motilal Oswal Liquid 0.6 1.7 7.1 5.7 - - - - 100 - - 0 1.7 8.5 - 0.22 719  1.0
882 Navi Liquid 0.6 1.7 6.9 6.0 - - - - 100 - - 0 1.6 10.2 - 0.15 79  3.5
883 Nippon India Liquid 0.6 1.8 7.4 6.1 20 13 9 12 100 - - 0 2.2 10.0 - 0.20 32,734  3.3
884 Parag Parikh Liquid 0.6 1.7 7.0 5.7 30 30 30 29 100 - - 0 1.7 8.6 - 0.16 2,246  1.5
885 PGIM India Liquid 0.6 1.8 7.4 6.1 15 8 13 8 100 - - 0 2.1 9.5 - 0.13 432  3.9
886 Quant Liquid 0.6 1.7 7.2 6.1 - - - - 100 - - 0 1.8 10.9 - 0.26 2,601  4.1
887 Quantum Liquid 0.6 1.7 7.1 5.8 29 29 28 27 100 - - 0 1.8 9.1 - 0.15 537  2.0
888 SBI Liquid 0.6 1.8 7.4 6.0 27 26 24 24 100 - - 0 2.1 9.7 - 0.19 68,877  3.0
889 Sundaram Liquid 0.6 1.8 7.4 6.1 7 11 12 9 100 - - 0 2.1 9.5 - 0.13 5,595  3.6
890 Tata Liquid 0.6 1.8 7.4 6.0 22 23 18 18 100 - - 0 2.1 9.8 - 0.21 22,262  3.0
891 TRUSTMF Liquid 0.6 1.8 7.4 6.0 26 25 26 25 100 - - 0 2.1 9.1 - 0.10 236  2.7
892 Union Liquid 0.6 1.8 7.4 6.1 5 9 7 5 100 - - 0 2.1 9.6 - 0.07 4,309  4.2
893 UTI Liquid 0.6 1.8 7.4 6.1 19 17 20 11 100 - - 0 2.1 9.8 - 0.18 26,266  3.6
894 WhiteOak Capital Liquid 0.6 1.8 7.3 5.8 - - - - 100 - - 0 2.0 8.0 - 0.20 303  1.3
Debt: Liquid 0.6 1.8 7.4 6.0 30 30 30 29 100 2 0 2.0 9.4 0.15 14,120
CCIL T Bill Liquidity Weight 0.4 1.3 4.8 3.6
Debt: Money Market
895 ABSL Money Manager 0.6 1.9 7.7 6.3 7 6 3 3 100 - - 1 3.0 10.4 - 0.22 26,499  4.5
896 Axis Money Market 0.6 1.9 7.7 6.3 4 2 2 4 100 - - 1 3.0 11.2 - 0.16 12,948  4.0
897 Bajaj FinServ Money Market 0.6 1.8 7.5 - 17 15 13 - 100 - - 1 - - - 0.22 2,483 NR -
898 Bandhan Money Manager 0.6 1.9 7.6 6.2 2 4 11 11 100 - - 1 2.9 9.9 - 0.10 6,059  2.7
899 Baroda BNP Paribas Money Market 0.6 1.8 7.3 5.9 16 20 21 20 100 - - 1 2.4 9.6 - 0.23 263  1.3
900 DSP Savings 0.6 1.8 7.5 6.0 20 17 15 16 100 - - 1 3.2 5.9 - 0.25 4,630  2.4
901 Edelweiss Money Market 0.6 1.8 7.5 5.9 15 9 16 19 100 - - 1 2.8 8.0 - 0.16 485  1.6
902 Franklin India Money Market 0.6 1.8 7.6 6.1 11 11 12 12 100 - - 1 2.9 9.5 - 0.14 1,925  2.9
903 HDFC Money Market 0.6 1.8 7.6 6.3 12 12 9 6 100 - - 1 2.9 10.9 - 0.23 27,511  4.0
904 HSBC Money Market 0.6 1.8 7.5 6.0 8 14 14 14 100 - - 0 2.8 8.9 - 0.20 1,750  2.1
905 ICICI Pru Money Market 0.6 1.8 7.6 6.2 9 7 10 8 100 - - 1 2.9 10.3 - 0.21 26,268  3.4
906 Invesco India Money Market 0.6 1.8 7.5 5.9 18 16 17 17 100 - - 1 3.1 6.0 - 0.22 4,618  2.5
907 Kotak Money Market 0.6 1.8 7.7 6.3 14 13 6 7 100 - - 1 2.8 10.8 - 0.23 24,036  2.9
908 LIC MF Money Market 0.5 1.5 6.7 - 23 23 23 - 99 - - 0 - - - 0.59 26  1.0
909 Mirae Asset Money Market 0.6 1.9 7.7 6.1 1 1 4 13 100 - - 1 2.5 9.9 - 0.20 180  2.3
910 Nippon India Money Market 0.6 1.8 7.7 6.4 13 8 5 2 100 - - 1 2.9 11.3 - 0.25 17,694  4.4
911 PGIM India Money Market 0.6 1.8 7.4 6.2 22 19 19 10 100 - - 1 2.6 10.8 - 0.20 220  3.2
912 SBI Savings 0.6 1.9 7.6 6.2 5 5 8 9 100 - - 1 2.9 10.7 - 0.25 29,358  3.2
Debt: Money Market 0.6 1.8 7.5 6.2 23 23 23 20 100 1 2.8 9.8 0.22 9,979
CCIL T Bill Liquidity Weight 0.4 1.3 4.8 3.6
Data pertains to direct plans. ETFs and index funds are excluded and covered in their own scoreboards. Portfolio and AUM data as of July 31, 2024; all other data as of August 31, 2024.

Mutual Fund Insight October 2024 81

Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.
 SCOREBOARD: DEBT FUNDS
Performance Portfolio Composition
Returns (%) Rank Credit Quality (%) Avg. Maturity Info. Risk Expense Assets Fund Average
S.No. Fund Name 1M 3M 1Y 3Y 1M 3M 1Y 3Y High Medium Low (years) Alpha Ratio Grade Ratio (%) (` cr) Rating Rating
Debt: Money Market
913 Sundaram Money Market 0.6 1.8 7.4 6.0 19 21 18 15 100 - - 1 2.4 9.6 - 0.26 218  2.1
914 Tata Money Market 0.6 1.9 7.8 6.4 6 3 1 1 100 - - 1 3.1 10.6 - 0.15 26,885  4.9
915 TRUSTMF Money Market 0.6 1.8 7.3 - 3 18 20 - 100 - - 1 - - - 0.16 102  2.0
916 Union Money Market 0.6 1.8 7.2 5.9 21 22 22 18 100 - - 0 2.2 9.8 - 0.27 187  2.5
917 UTI Money Market 0.6 1.8 7.7 6.3 10 10 7 5 100 - - 1 2.8 11.2 - 0.19 15,170  3.7
Debt: Money Market 0.6 1.8 7.5 6.2 23 23 23 20 100 1 2.8 9.8 0.22 9,979
CCIL T Bill Liquidity Weight 0.4 1.3 4.8 3.6
Debt: Overnight
918 ABSL Overnight 0.5 1.6 6.8 5.7 9 13 13 7 100 - - - 1.4 7.3 - 0.08 7,080  3.8
919 Axis Overnight 0.5 1.6 6.8 5.7 5 7 4 3 100 - - 0 1.4 7.4 - 0.05 8,181  4.3
920 Bajaj Finserv Overnight 0.5 1.6 6.8 - 11 14 17 - 100 - - 0 - - - 0.08 286 NR -
921 Bandhan Overnight 0.5 1.6 6.8 5.7 13 8 8 12 100 - - 0 1.4 7.3 - 0.05 1,750  2.9
922 Bank of India Overnight 0.6 1.7 6.9 5.8 1 1 1 1 100 - - 0 1.4 7.6 - 0.08 189  5.0
923 Baroda BNP Paribas Overnight 0.5 1.6 6.8 5.7 2 6 12 13 100 - - 0 1.4 7.3 - 0.09 697  3.5
924 Canara Robeco Overnight 0.5 1.6 6.7 5.6 25 28 28 22 100 - - 0 1.3 7.0 - 0.10 147  2.3
925 DSP Overnight 0.5 1.6 6.8 5.7 - - - - 100 - - 0 1.4 7.2 - 0.06 1,810  3.7
926 Edelweiss Overnight 0.5 1.6 6.8 5.6 21 24 23 23 100 - - 0 1.3 7.1 - 0.11 344  2.2
927 Franklin India Overnight 0.5 1.6 6.7 5.6 27 26 26 24 100 - - 0 1.3 7.0 - 0.10 533  1.8
928 Groww Overnight 0.5 1.6 6.8 5.5 - - - - 100 - - 0 1.2 6.4 - 0.08 32  1.0
929 HDFC Overnight 0.5 1.6 6.8 5.6 22 23 24 21 100 - - 0 1.3 7.0 - 0.10 9,912  2.0
930 Helios Overnight 0.5 1.6 - - - - - - 100 - - 0 - - - 0.10 104 NR -
931 HSBC Overnight 0.5 1.6 6.8 5.7 17 12 10 6 100 - - 0 1.4 7.2 - 0.06 3,203  4.4
932 ICICI Pru Overnight 0.5 1.6 6.8 5.6 18 19 19 17 100 - - 0 1.4 7.1 - 0.10 11,001  2.8
933 Invesco India Overnight 0.5 1.6 6.8 5.6 19 16 7 16 100 - - 0 1.4 7.2 - 0.06 509  2.4
934 ITI Overnight 0.5 1.6 6.6 5.5 29 29 30 25 100 - - 0 1.1 6.6 - 0.08 53  1.1
935 JM Overnight 0.5 1.6 6.8 5.6 26 25 25 19 100 - - 0 1.3 7.1 - 0.08 221  3.1
936 Kotak Overnight 0.5 1.6 6.8 5.7 7 9 11 9 100 - - 0 1.4 7.2 - 0.08 5,475  3.3
937 LIC MF Overnight 0.5 1.6 6.8 5.7 6 10 14 8 100 - - 0 1.4 7.3 - 0.07 277  3.6
938 Mahindra Manulife Overnight 0.5 1.6 6.8 5.7 12 17 15 5 100 - - 0 1.4 7.3 - 0.09 245  3.7
939 Mirae Asset Overnight 0.5 1.6 6.8 5.7 10 4 2 2 100 - - 0 1.4 7.3 - 0.07 1,215  5.0
940 Navi Overnight 0.5 1.5 6.4 - - - - - 100 - - - - - - 0.05 10 NR -
941 Nippon India Overnight 0.5 1.6 6.8 5.7 4 5 5 4 96 - - 0 1.4 7.4 - 0.08 9,114  3.6
942 NJ Overnight 0.5 1.6 6.7 - 28 27 27 - 100 - - 0 - - - 0.05 191  1.9
943 PGIM India Overnight 0.5 1.6 6.8 5.7 3 2 18 15 100 - - 0 1.4 7.3 - 0.15 103  3.7
944 Quant Overnight 0.5 1.7 7.2 - - - - - 100 - - 0 - - - 0.15 239  5.0
945 Samco Overnight 0.5 1.6 6.7 - 30 30 29 - 100 - - 0 - - - 0.13 60  1.0
946 SBI Overnight 0.5 1.6 6.8 5.6 20 20 22 20 100 - - 0 1.3 7.2 - 0.07 16,625  2.4
947 Shriram Overnight 0.5 1.6 6.8 - 24 22 20 - 100 - - 0 - - - 0.07 309  3.0
948 Sundaram Overnight 0.5 1.6 6.8 5.6 15 18 16 18 100 - - 0 1.4 7.2 - 0.07 666  2.5
949 Tata Overnight 0.5 1.6 6.8 5.7 8 3 3 10 100 - - 0 1.4 7.2 - 0.06 3,558  3.2
950 TRUSTMF Overnight 0.5 1.6 6.8 - 23 21 21 - 100 - - 0 - - - 0.07 125  3.0
951 Union Overnight 0.5 1.6 6.8 5.7 14 15 6 11 100 - - 0 1.4 7.3 - 0.07 227  2.9
952 UTI Overnight 0.5 1.6 6.8 5.7 16 11 9 14 100 - - 0 1.4 7.3 - 0.06 3,771  3.0
Debt: Overnight 0.5 1.6 6.8 5.6 30 30 30 25 100 0 1.4 7.2 0.08 2,522
CCIL T Bill Liquidity Weight 0.4 1.3 4.8 3.6
Debt: Dynamic Bond
953 360 ONE Dynamic Bond 1.2 2.9 9.3 6.5 4 4 8 11 95 - - 7 0.5 0.5 Avg 0.27 773  4.1
954 ABSL Active Debt Multi Manager FoF 0.8 2.3 8.0 5.8 22 24 24 20 98 1 0 - -0.1 -0.2 Low 0.26 16  2.8
955 ABSL Dynamic Bond 1.1 2.7 8.9 7.4 7 10 15 2 100 - - 14 1.4 0.7 -Avg 0.64 1,703  4.0
956 Axis All Seasons Debt FoF 1.0 2.7 9.0 6.3 12 12 13 13 98 2 1 - 0.3 0.4 Avg 0.23 136  3.9
957 Axis Dynamic Bond 1.0 2.6 8.3 5.9 10 16 21 19 100 - - 17 -0.1 0.0 Avg 0.26 1,685  2.4
958 Bandhan Dynamic Bond 1.2 3.2 11.2 6.4 3 1 1 12 100 - - 29 0.3 0.2 High 0.73 2,449  2.1
959 Baroda BNP Paribas Dynamic Bond 0.8 2.5 9.1 6.8 23 18 12 6 100 - - 13 0.7 1.0 Avg 0.71 151  2.6
960 Canara Robeco Dynamic Bond 1.0 2.7 8.8 6.1 15 13 18 16 100 - - 18 0.1 0.1 +Avg 0.68 110  2.5
Debt: Dynamic Bond 1.0 2.6 9.0 6.5 26 26 26 25 97 8 2 13 0.5 0.2 0.50 1,281
VR Bond Index 0.8 2.3 8.3 6.0
Data pertains to direct plans. ETFs and index funds are excluded and covered in their own scoreboards. Portfolio and AUM data as of July 31, 2024; all other data as of August 31, 2024.

82 Mutual Fund Insight October 2024

Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.
 Performance Portfolio Composition
Returns (%) Rank Credit Quality (%) Avg. Maturity Info. Risk Expense Assets Fund Average
S.No. Fund Name 1M 3M 1Y 3Y 1M 3M 1Y 3Y High Medium Low (years) Alpha Ratio Grade Ratio (%) (` cr) Rating Rating
Debt: Dynamic Bond
961 DSP Strategic Bond 1.2 3.1 9.7 6.7 2 3 4 7 100 - - 30 0.7 0.5 +Avg 0.53 1,169  2.9
962 Groww Dynamic Bond 0.6 2.1 7.8 5.3 26 26 26 23 100 - - 5 -0.6 -0.8 -Avg 0.45 39  3.2
963 HDFC Dynamic Debt 1.1 2.8 9.3 6.1 6 8 9 15 98 - - 14 0.2 0.2 Avg 0.74 721  4.3
964 HSBC Dynamic Bond 1.0 2.7 9.1 5.8 14 11 10 21 100 - - 12 -0.2 -0.2 Avg 0.20 160  2.7
965 ICICI Pru All Seasons Bond 0.8 2.4 8.8 7.1 21 21 17 3 82 17 - 7 1.1 1.2 Low 0.59 12,667  5.0
966 ICICI Pru Retirement Pure Debt 0.7 2.3 8.1 6.0 24 23 23 18 85 11 4 6 0.1 0.0 -Avg 1.09 117  3.3
967 ITI Dynamic Bond 0.9 2.4 9.1 6.6 19 20 11 9 100 - - 16 0.7 0.5 -Avg 0.14 63  4.3
968 JM Dynamic Bond 0.9 2.5 8.3 6.0 17 19 22 17 100 - - 9 0.1 0.0 -Avg 0.52 43  3.4
969 Kotak All Weather Debt FOF 1.1 2.9 8.9 - 5 5 14 - 98 - - - - - -Avg 0.08 30  5.0
970 Kotak Dynamic Bond 1.3 3.2 10.2 6.7 1 2 2 8 94 - - 22 0.7 0.6 +Avg 0.57 2,600  3.6
971 Mahindra Manulife Dynamic Bond 0.9 2.6 9.4 5.7 16 14 6 22 89 11 - 14 -0.3 -0.3 +Avg 0.39 47  2.2
972 Mirae Asset Dynamic Bond 0.7 2.2 7.8 5.2 25 25 25 24 100 - - 3 -0.7 -0.6 -Avg 0.17 142  2.5
973 Nippon India Dynamic Bond 1.0 2.8 8.6 6.1 13 6 19 14 100 - - 6 0.1 0.1 +Avg 0.32 4,576  1.7
974 PGIM India Dynamic Bond 1.0 2.8 9.8 6.6 9 7 3 10 100 - - 10 0.6 0.6 -Avg 0.35 108  3.6
975 Quantum Dynamic Bond 0.9 2.5 9.5 6.8 20 17 5 5 100 - - 13 0.8 0.7 Avg 0.51 102  -- 3.2
976 SBI Dynamic Bond 1.0 2.8 9.3 7.1 8 9 7 4 100 - - 17 1.0 0.9 Avg 0.62 3,146  3.8
977 Union Dynamic Bond 1.0 2.6 8.5 4.9 11 15 20 25 100 - - 15 -1.1 -1.0 High 1.24 113  1.2
978 UTI Dynamic Bond 0.9 2.4 8.9 11.6 18 22 16 1 100 - - 8 5.6 0.8 Avg 0.70 451  2.8
Debt: Dynamic Bond 1.0 2.6 9.0 6.5 26 26 26 25 97 8 2 13 0.5 0.2 0.50 1,281
VR Bond Index 0.8 2.3 8.3 6.0
Debt: Corporate Bond
979 ABSL Corporate Bond 0.8 2.3 8.2 6.2 8 4 2 4 100 - - 5 0.3 0.2 Avg 0.34 20,994  4.3
980 Axis Corporate Debt 0.8 2.4 8.3 6.3 1 2 1 3 100 - - 5 0.4 0.4 Avg 0.32 5,511  4.2
981 Bandhan Corporate Bond 0.7 2.2 7.6 5.4 15 11 19 16 100 - - 4 -0.5 -0.5 -Avg 0.33 13,608  2.5
982 Baroda BNP Paribas Corporate Bond 0.8 2.3 8.1 5.3 10 7 7 17 100 - - 5 -0.6 -0.7 +Avg 0.20 151  1.7
983 Canara Robeco Corporate Bond 0.8 2.1 7.7 5.5 11 19 17 14 100 - - 6 -0.3 -0.4 -Avg 0.39 138  2.7
984 DSP Corporate Bond 0.6 2.1 7.5 5.2 21 21 21 19 100 - - 3 -0.8 -0.6 +Avg 0.28 2,614  2.4
985 Franklin India Corporate Debt 0.7 2.1 7.7 5.8 19 17 18 10 97 3 - 4 -0.1 -0.2 Low 0.23 790  3.3
986 HDFC Corporate Bond 0.8 2.3 8.2 6.1 7 8 5 5 100 - - 6 0.2 0.1 Avg 0.36 29,726  3.1
987 HSBC Corporate Bond 0.8 2.3 7.9 5.7 6 3 9 11 100 - - 4 -0.3 -0.3 High 0.30 5,966  1.3
988 ICICI Pru Corporate Bond 0.7 2.1 7.9 6.5 20 18 10 1 99 - - 4 0.6 0.5 Low 0.35 27,056  4.6
989 Invesco India Corporate Bond 0.8 2.3 8.0 5.6 2 9 8 12 100 - - 5 -0.2 -0.3 +Avg 0.28 3,767  3.0
990 Kotak Corporate Bond 0.8 2.3 8.1 6.1 14 6 6 6 100 - - 5 0.2 0.1 Avg 0.34 13,275  3.3
991 Mirae Asset Corporate Bond 0.8 2.2 7.7 5.5 13 15 16 15 100 - - 5 -0.4 -0.5 +Avg 0.22 49  2.5
992 Nippon India Corporate Bond 0.8 2.3 8.2 6.5 4 5 4 2 100 - - 5 0.6 0.5 Avg 0.35 3,288  4.9
993 PGIM India Corporate Bond 0.8 2.2 7.8 5.9 5 13 13 7 100 - - 4 0.0 -0.1 -Avg 0.29 96  3.9
994 SBI Corporate Bond 0.7 2.2 7.8 5.8 16 14 12 9 100 - - 5 -0.1 -0.2 Avg 0.35 20,535  2.8
995 Sundaram Corporate Bond 0.8 2.3 7.8 5.6 3 10 14 13 100 - - 5 -0.3 -0.4 -Avg 0.32 710  3.4
996 Tata Corporate Bond 0.8 2.4 8.2 - 9 1 3 - 100 - - 6 - - -Avg 0.32 1,669  3.5
997 TRUSTMF Corporate Bond 0.8 2.2 7.6 - 12 16 20 - 99 - - 4 - - +Avg 0.25 64  2.0
998 Union Corporate Bond 0.7 2.2 7.8 5.3 17 12 15 18 100 - - 5 -0.6 -0.7 +Avg 0.38 365  1.8
999 UTI Corporate Bond 0.7 2.1 7.9 5.8 18 20 11 8 100 - - 5 -0.1 -0.2 Avg 0.29 3,877  2.9
Debt: Corporate Bond 0.7 2.2 7.9 5.8 21 21 21 19 100 3 5 -0.1 -0.2 0.31 7,345
VR Bond Index 0.8 2.3 8.3 6.0
Debt: Credit Risk
1000 ABSL Credit Risk 0.9 3.2 9.4 8.2 4 1 4 5 47 45 3 4 5.3 2.5 Avg 0.67 915  3.5
1001 Axis Credit Risk 0.8 2.3 8.4 6.8 5 5 10 10 39 47 12 3 4.6 4.5 -Avg 0.80 441  3.6
1002 Bandhan Credit Risk 0.7 2.2 8.0 5.9 12 9 11 14 37 63 - 4 4.1 2.9 +Avg 0.68 334  2.4
1003 Bank of India Credit Risk 0.4 1.2 6.5 39.6 14 14 14 1 48 52 - 1 8.8 0.6 Avg 1.18 122  1.6
1004 Baroda BNP Paribas Credit Risk 0.7 2.2 8.5 9.7 8 7 7 4 28 71 - 3 2.1 1.3 Low 0.79 141  4.6
1005 DSP Credit Risk 0.7 2.1 16.5 11.0 11 10 1 3 37 63 - 4 8.9 1.2 Avg 0.40 192  3.8
1006 HDFC Credit Risk Debt 1.1 2.5 8.5 6.6 3 4 8 12 46 47 2 3 4.8 3.1 +Avg 0.97 7,743  3.3
1007 HSBC Credit Risk 0.7 2.1 7.6 6.6 13 12 13 11 49 51 - 3 3.5 2.6 Avg 0.86 571  2.6
1008 ICICI Pru Credit Risk 1.1 2.6 9.4 7.3 2 3 5 7 28 48 12 3 4.9 4.3 +Avg 0.77 6,624  3.6
Debt: Credit Risk 0.8 2.3 9.1 10.1 14 14 14 14 40 52 9 3 5.1 2.4 0.76 1,558
CCIL T Bill Liquidity Weight 0.4 1.3 4.8 3.6
Data pertains to direct plans. ETFs and index funds are excluded and covered in their own scoreboards. Portfolio and AUM data as of July 31, 2024; all other data as of August 31, 2024.

Mutual Fund Insight October 2024 83

Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.
 SCOREBOARD: DEBT FUNDS
Performance Portfolio Composition
Returns (%) Rank Credit Quality (%) Avg. Maturity Info. Risk Expense Assets Fund Average
S.No. Fund Name 1M 3M 1Y 3Y 1M 3M 1Y 3Y High Medium Low (years) Alpha Ratio Grade Ratio (%) (` cr) Rating Rating
Debt: Credit Risk
1009 Invesco India Credit Risk 0.7 2.2 9.9 7.7 10 8 2 6 46 53 - 4 8.9 1.6 Avg 0.28 141  2.7
1010 Kotak Credit Risk 1.2 2.7 9.8 5.9 1 2 3 13 34 48 9 3 6.0 1.2 High 0.79 783  1.8
1011 Nippon India Credit Risk 0.7 2.3 8.6 7.1 9 6 6 8 47 36 17 2 5.1 4.3 -Avg 0.69 1,030  3.4
1012 SBI Credit Risk 0.7 2.1 8.5 7.1 7 11 9 9 31 56 10 3 5.3 2.9 Avg 0.89 2,402  3.5
1013 UTI Credit Risk 0.8 2.0 7.8 11.8 6 13 12 2 42 52 - 3 -0.8 0.9 Avg 0.90 370  2.5
Debt: Credit Risk 0.8 2.3 9.1 10.1 14 14 14 14 40 52 9 3 5.1 2.4 0.76 1,558
CCIL T Bill Liquidity Weight 0.4 1.3 4.8 3.6
Debt: Banking and PSU
1014 ABSL Banking & PSU Debt 0.7 2.2 7.9 6.0 12 8 8 6 100 - - 4 4.1 3.4 Avg 0.39 9,424  3.9
1015 Axis Banking & PSU Debt 0.7 2.1 7.4 5.7 14 16 20 13 100 - - 4 3.4 3.3 -Avg 0.35 13,679  4.0
1016 Bajaj FinServ Banking and PSU 0.8 2.3 - - 5 3 - - 100 - - 5 - - - 0.34 106 NR -
1017 Bandhan Banking & PSU Debt 0.7 2.1 7.6 5.7 16 14 18 12 100 - - 3 4.0 3.2 -Avg 0.33 14,211  4.5
1018 Baroda BNP Paribas Banking & PSU Bond 0.7 2.2 7.7 5.3 13 12 14 18 100 - - 5 5.1 1.3 +Avg 0.39 27  2.0
1019 Canara Robeco Banking and PSU Debt 0.7 2.1 7.5 - 17 20 19 - 100 - - 4 - - Avg 0.34 296  2.6
1020 DSP Banking & PSU Debt 0.9 2.4 8.3 5.8 1 2 1 9 100 - - 11 4.8 2.4 +Avg 0.32 2,440  3.0
1021 Edelweiss Banking & PSU Debt 0.8 2.4 8.0 5.9 3 1 4 8 100 - - 5 6.4 1.1 High 0.39 272  1.7
1022 Franklin India Banking & PSU Debt 0.7 2.1 7.7 5.7 18 15 15 10 95 5 - 4 4.3 2.5 Avg 0.18 610  2.8
1023 HDFC Banking and PSU Debt 0.7 2.2 7.9 6.0 9 10 5 5 100 - - 5 4.2 3.3 -Avg 0.39 5,963  4.2
1024 HSBC Banking and PSU Debt 0.6 1.9 7.4 4.9 22 21 21 20 100 - - 2 5.4 0.8 +Avg 0.23 4,802  1.9
1025 ICICI Pru Banking & PSU Debt 0.6 2.1 7.9 6.5 21 19 9 2 99 - - 5 3.7 3.6 Low 0.39 9,214  4.7
1026 Invesco India Banking and PSU 0.8 2.3 8.2 5.2 2 4 2 19 100 - - 5 5.8 0.9 High 0.25 101  1.0
1027 ITI Banking and PSU 0.6 1.9 7.9 6.1 19 22 7 4 100 - - 5 3.2 4.4 Low 0.15 31  5.0
1028 Kotak Banking & PSU Debt 0.7 2.2 8.1 6.2 8 6 3 3 100 - - 7 4.3 3.0 +Avg 0.39 5,728  3.6
1029 LIC MF Banking & PSU 0.7 2.2 7.8 5.7 10 7 10 11 100 - - 4 4.1 2.8 Avg 0.28 1,507  2.8
1030 Mirae Asset Banking and PSU 0.8 2.2 7.8 5.5 4 13 12 15 100 - - 6 4.4 2.1 Avg 0.36 58  2.8
1031 Nippon India Banking & PSU Debt 0.8 2.2 7.9 5.9 6 11 6 7 100 - - 5 4.6 2.6 Avg 0.38 5,345  3.8
1032 SBI Banking and PSU 0.7 2.2 7.8 5.6 11 5 13 14 93 7 - 9 4.6 2.2 Avg 0.34 3,873  2.1
1033 Sundaram Banking & PSU 0.8 2.2 7.8 5.5 7 9 11 16 100 - - 4 4.5 2.0 Avg 0.27 331  2.4
1034 TRUSTMF Banking & PSU 0.7 2.1 7.7 5.3 15 17 16 17 100 - - 3 4.6 1.5 -Avg 0.21 224  2.6
1035 UTI Banking & PSU 0.6 2.1 7.7 7.9 20 18 17 1 100 - - 3 -0.7 1.2 High 0.37 841  1.0
Debt: Banking and PSU 0.7 2.2 7.8 5.8 22 22 21 20 99 6 5 4.2 2.4 0.32 3,595
CCIL T Bill Liquidity Weight 0.4 1.3 4.8 3.6
Debt: Floater
1036 ABSL Floating Rate 0.6 2.0 7.8 6.4 12 12 11 6 100 - - 2 3.4 6.5 -Avg 0.23 12,634  5.0
1037 Axis Floater 1.2 2.8 9.5 6.8 1 1 1 1 100 - - 24 5.7 2.4 High 0.21 255  1.6
1038 Bandhan Floating Rate 0.7 2.3 8.0 6.1 5 8 10 11 76 24 - 4 3.9 4.7 Avg 0.30 277  2.9
1039 Baroda BNP Paribas Floater 0.8 2.8 8.9 - 3 2 4 - 100 - - 9 - - - 0.24 18 NR -
1040 DSP Floater 0.9 2.7 9.0 6.3 2 3 2 7 100 - - 8 4.7 3.1 High 0.24 892  1.5
1041 Franklin India Floating Rate 0.8 2.6 8.9 6.7 4 4 3 2 100 - - 7 4.3 5.1 -Avg 0.24 300  4.0
1042 HDFC Floating Rate Debt 0.7 2.3 8.3 6.5 9 7 7 4 96 4 - 4 3.8 4.3 Avg 0.26 15,189  4.0
1043 ICICI Pru Floating Interest 0.7 2.5 8.5 6.7 6 5 5 3 90 9 - 6 4.2 2.5 +Avg 0.56 9,136  2.6
1044 Kotak Floating Rate 0.7 2.4 8.2 6.1 10 6 8 9 97 3 - 5 4.2 3.2 +Avg 0.24 4,176  2.1
1045 Nippon India Floating Rate 0.7 2.2 8.0 6.1 7 10 9 10 100 - - 3 4.1 4.1 Avg 0.31 7,764  2.8
1046 SBI Floating Rate Debt 0.7 2.3 8.5 6.4 8 9 6 5 100 - - 4 4.0 4.6 Avg 0.26 1,127  3.0
1047 Tata Floating Rate 0.6 2.0 7.6 6.3 11 11 12 8 100 - - 3 2.6 6.1 -Avg 0.30 215  ++ 3.5
1048 UTI Floater 0.6 1.8 7.4 5.8 13 13 13 12 100 - - 1 2.8 5.4 Low 0.43 1,368  3.3
Debt: Floater 0.7 2.4 8.4 6.4 13 13 13 12 97 10 6 4.0 4.3 0.29 4,104
CCIL T Bill Liquidity Weight 0.4 1.3 4.8 3.6
Debt: Gilt
1049 ABSL Government Securities 1.0 2.8 9.9 6.3 13 9 6 13 100 - - 17 -0.2 -0.3 +Avg 0.49 1,866  -- 3.6
1050 Axis Gilt 1.2 2.9 10.3 6.4 6 7 4 10 100 - - 21 0.1 -0.2 Avg 0.35 436  3.8
1051 Bandhan GSF Investment 1.2 3.3 11.5 6.5 5 1 1 8 100 - - 29 -0.1 -0.2 High 0.52 2,543  -- 2.6
1052 Baroda BNP Paribas Gilt 1.0 2.7 8.9 5.9 18 16 19 16 100 - - 9 -0.5 -0.5 +Avg 0.14 1,515  2.3
1053 Canara Robeco Gilt 1.1 2.8 9.3 6.2 9 10 14 14 100 - - 23 -0.2 -0.4 Avg 0.49 114  2.9
Debt: Gilt 1.1 2.8 9.4 6.3 23 23 23 20 100 16 0.0 -0.3 0.47 1,515
CCIL All Sovereign Bond - TRI 1.2 3.1 10.6 6.9
Data pertains to direct plans. ETFs and index funds are excluded and covered in their own scoreboards. Portfolio and AUM data as of July 31, 2024; all other data as of August 31, 2024.

84 Mutual Fund Insight October 2024

Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.
 Performance Portfolio Composition
Returns (%) Rank Credit Quality (%) Avg. Maturity Info. Risk Expense Assets Fund Average
S.No. Fund Name 1M 3M 1Y 3Y 1M 3M 1Y 3Y High Medium Low (years) Alpha Ratio Grade Ratio (%) (` cr) Rating Rating
Debt: Gilt
1054 DSP Gilt 1.2 3.1 10.1 6.8 4 2 5 3 100 - - 33 0.3 -0.1 +Avg 0.56 1,081  4.1
1055 Edelweiss Government Securities 1.0 2.7 10.4 6.6 15 18 3 6 100 - - 14 0.1 -0.2 High 0.47 159  3.8
1056 Franklin India Government Securities 0.9 2.5 7.4 5.1 20 21 23 20 100 - - 9 -1.0 -0.7 Low 0.60 142  1.5
1057 HDFC Gilt 1.0 2.7 9.1 5.8 16 15 15 18 100 - - 13 -0.6 -0.6 Avg 0.46 2,473  2.4
1058 HSBC Gilt 1.0 2.8 9.6 6.0 17 12 9 15 100 - - 14 -0.3 -0.4 Avg 0.48 190  2.5
1059 ICICI Pru Gilt 0.9 2.3 8.5 6.9 21 22 21 2 100 - - 8 0.5 0.0 Low 0.56 6,362  4.4
1060 Invesco India Gilt 1.1 2.9 10.8 6.7 7 6 2 4 100 - - 23 0.3 -0.1 +Avg 0.46 786  1.5
1061 Kotak Gilt Investment 1.3 3.0 9.6 6.6 3 4 11 5 100 - - 32 0.2 -0.1 Avg - 3,311  3.8
1062 LIC MF Gilt - - - - - - - - 100 - - 19 - - - - 72 NR -
1063 Motilal Oswal 5 Year G-Sec FoF 1.7 3.0 8.6 - 1 5 20 - 100 - - - - - +Avg 0.13 21  1.1
1064 Nippon India Gilt Securities 1.1 2.8 9.6 6.4 11 13 8 12 100 - - 16 -0.1 -0.3 +Avg 0.50 1,645  3.0
1065 PGIM India Gilt 1.1 2.9 9.9 6.4 10 8 7 9 100 - - 13 0.1 -0.2 -Avg 0.45 114  3.4
1066 Quant Gilt 0.8 2.3 8.0 - 23 23 22 - 100 - - 6 - - Low 0.51 96  5.0
1067 SBI Magnum Gilt 1.0 2.8 9.6 7.1 12 11 10 1 100 - - 16 0.8 0.1 -Avg 0.46 8,871  4.7
1068 Tata GSF 0.9 2.5 8.9 6.4 22 20 18 11 100 - - 6 0.0 -0.2 +Avg 0.42 720  2.5
1069 Union Gilt 1.1 2.7 9.4 - 8 14 13 - 100 - - 16 - - +Avg 0.70 172  1.3
1070 UTI Gilt 1.0 2.5 9.0 5.9 19 19 17 17 100 - - 9 -0.3 -0.4 -Avg 0.67 645  3.0
Debt: Gilt 1.1 2.8 9.4 6.3 23 23 23 20 100 16 0.0 -0.3 0.47 1,515
CCIL All Sovereign Bond - TRI 1.2 3.1 10.6 6.9
Debt: Gilt with 10 year Constant Duration
1071 Bandhan GSF Constant Maturity Plan 1.0 2.9 9.4 5.3 2 1 1 3 100 - - 10 -1.3 -1.2 - 0.30 333 NR -
1072 DSP 10Y G-Sec 0.9 2.5 8.6 5.0 5 5 5 4 100 - - 10 -1.6 -1.2 - 0.31 53 NR -
1073 ICICI Pru Constant Maturity Gilt 1.0 2.6 8.7 5.5 4 3 4 2 100 - - 10 -1.1 -1.1 - 0.23 2,317 NR -
1074 SBI Magnum Constant Maturity 1.0 2.8 8.9 5.7 1 2 2 1 100 - - 10 -0.9 -0.9 - 0.31 1,630 NR -
1075 UTI Gilt Fund with 10Y Constant Duration 1.0 2.6 8.8 - 3 4 3 - 100 - - 10 - - - 0.24 163 NR -
Debt: Gilt with 10 year Constant Duration 1.0 2.7 8.9 5.4 5 5 5 4 100 10 -1.2 -1.1 0.28 899
CCIL All Sovereign Bond - TRI 1.2 3.1 10.6 6.9
Commodities: Gold
1076 ABSL Gold 3.4 -0.5 19.8 14.0 5 2 11 7 - - - - -0.3 -0.4 +Avg 0.15 346  -- 2.3
1077 Axis Gold 3.1 -1.0 19.9 14.1 12 11 10 5 - - - - -0.1 -0.4 Low 0.17 500  4.2
1078 DSP Gold ETF FoF 3.8 -0.7 - - 1 5 - - - - - - - - - 0.61 32 NR -
1079 Edelweiss Gold and Silver ETF FoF 2.5 -4.6 16.1 - 14 15 13 - - - - - - - High 0.30 100  1.0
1080 HDFC Gold 3.3 -0.6 20.7 14.3 11 4 4 2 - - - - -0.3 -0.4 -Avg 0.18 2,068  3.9
1081 ICICI Pru Regular Gold Savings (FOF) 3.3 -0.9 20.4 14.1 9 9 6 4 - - - - -0.3 -0.4 Avg 0.09 999  3.1
1082 Invesco India Gold ETF FoF 3.4 -0.1 20.9 14.1 7 1 2 6 - - - - -0.6 -0.3 +Avg 0.10 74  2.7
1083 Kotak Gold 3.6 -0.9 20.5 13.9 2 8 5 10 - - - - -0.5 -0.5 Avg 0.16 1,846  3.3
1084 LIC MF Gold ETF FoF 2.3 -0.8 20.7 14.5 15 7 3 1 - - - - 0.2 -0.2 +Avg 0.26 54  3.1
1085 Motilal Oswal Gold and Silver ETFs FoF 2.7 -3.4 17.9 - 13 14 12 - - - - - - - +Avg 0.16 86  2.0
1086 Nippon India Gold Savings 3.4 -1.1 20.3 14.0 6 13 7 9 - - - - -0.4 -0.5 +Avg 0.14 1,796  2.2
1087 Quantum Gold Savings 3.4 -1.0 20.1 14.0 4 12 8 8 - - - - -0.5 -0.5 Avg 0.06 115  2.6
1088 SBI Gold 3.3 -0.9 20.0 14.2 8 10 9 3 - - - - -0.3 -0.4 Avg 0.10 1,879  3.5
1089 Tata Gold ETF FoF 3.3 -0.7 - - 10 6 - - - - - - - - - 0.07 77 NR -
1090 UTI Gold ETF FoF 3.5 -0.5 21.1 - 3 3 1 - - - - - - - -Avg 0.22 104  4.5
Commodities: Gold 3.2 -1.2 19.9 14.1 15 15 13 10 -0.3 -0.4 0.18 672
Domestic Price of Gold Index 3.8 -0.6 21.0 15.0
Debt: Target Maturity
1091 Axis Nifty AAA + SDL Apr 26 5050 ETF FoF 0.7 2.2 7.6 - 4 5 5 - 100 - - - - - - 0.08 291 NR -
1092 BHARAT Bond ETF FOF-April 2032 0.9 2.5 8.4 - 2 2 3 - 100 - - 8 - - - 0.06 4,435 NR -
1093 BHARAT Bond ETF FOF-April 2033 1.2 2.7 9.0 - 1 1 1 - 100 - - 9 - - - 0.06 2,173 NR -
1094 BHARAT Bond FOF-April 2025 0.5 1.7 7.1 5.1 5 6 6 3 100 - - 1 4.7 0.9 - 0.06 4,820 NR -
1095 BHARAT Bond FOF-April 2030 0.1 2.4 8.4 6.3 6 3 4 1 100 - - 5 7.2 1.0 - 0.06 6,847 NR -
1096 BHARAT Bond FOF-April 2031 0.8 2.4 8.4 6.2 3 4 2 2 100 - - 6 7.4 1.0 - 0.06 4,571 NR -
Debt: Target Maturity 0.7 2.3 8.2 5.8 6 6 6 3 100 6 6.4 1.0 0.06 3,856
CCIL T Bill Liquidity Weight 0.4 1.3 4.8 3.6

Data pertains to direct plans. ETFs and index funds are excluded and covered in their own scoreboards. Portfolio and AUM data as of July 31, 2024; all other data as of August 31, 2024.

Mutual Fund Insight October 2024 85

Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.
 SCOREBOARD: INDEX
360 ONE Balanced Hybrid 589 Axis Liquid 861 Baroda BNP Paribas Banking & Fin Srvcs 272 DSP US Flexible Equity 460
360 ONE Dynamic Bond 953 Axis Long Duration 753 Baroda BNP Paribas Banking & PSU Bond 1018 DSP Value 216
360 ONE FlexiCap 71 Axis Midcap 155 Baroda BNP Paribas Business Cycle 346 DSP World Agriculture 461
360 ONE Focused Equity 72 Axis Money Market 896 Baroda BNP Paribas Conservative Hybrid 602 DSP World Energy 462
360 ONE Liquid 859 Axis Multi Asset Allocation 719 Baroda BNP Paribas Corporate Bond 982 DSP World Gold FoF 463
360 ONE Quant 334 Axis Multicap 510 Baroda BNP Paribas Credit Risk 1004 DSP World Mining 464
Aditya Birla SL Active Debt Multi Manager FoF 954 Axis NASDAQ 100 FoF 455 Baroda BNP Paribas Dynamic Bond 959 Edelweiss Aggressive Hybrid 558
ABSL Arbitrage 648 Axis Nifty AAA + SDL Apr 26 5050 ETF FoF 1091 Baroda BNP Paribas ELSS Tax Saver 238 BHARAT Bond ETF FOF-April 2032 1092
ABSL Asset Allocator FoF 713 Axis Overnight 919 Baroda BNP Paribas Equity Svngs 629 BHARAT Bond ETF FOF-April 2033 1093
ABSL Bal Bhavishya Yojna 73 Axis Quant 343 Baroda BNP Paribas Flexi Cap 84 BHARAT Bond FOF-April 2025 1094
ABSL Balanced Advantage 675 Axis Regular Saver 597 Baroda BNP Paribas Floater 1039 BHARAT Bond FOF-April 2030 1095
ABSL Banking & Financial Services 270 Axis Retirement Savings-Aggressive Plan 549 Baroda BNP Paribas Focused 85 BHARAT Bond FOF-April 2031 1096
ABSL Banking & PSU Debt 1014 Axis Retirement Savings-Conservative 598 Baroda BNP Paribas Gilt 1052 Edelweiss Arbitrage 655
ABSL Business Cycle 335 Axis Retirement Savings-Dynamic Plan 677 Baroda BNP Paribas India Consumption 434 Edelweiss ASEAN Equity Off Shore 465
ABSL Corporate Bond 979 Axis Short Term 791 Baroda BNP Paribas Innovation 347 Edelweiss Balanced Advantage 684
ABSL Credit Risk 1000 Axis Small Cap 184 Baroda BNP Paribas Large & Mid Cap 47 Edelweiss Banking & PSU Debt 1021
ABSL Digital India 324 Axis Strategic Bond 775 Baroda BNP Paribas Large Cap 6 Edelweiss Business Cycle 351
ABSL Dividend Yield 410 Axis Treasury Advantage 815 Baroda BNP Paribas Liquid 865 Edelweiss ELSS Tax Saver 241
ABSL Dynamic Bond 955 Axis Ultra Short Term 835 Baroda BNP Paribas Low Duration 817 Edelweiss Emerging Market Opp Eqt Offshr 466
ABSL ELSS Tax Saver 234 Axis Value 212 Baroda BNP Paribas Manufacturing 348 Edelweiss Equity Savings 631
ABSL Equity Advantage 42 Bajaj FinServ Arbitrage 650 Baroda BNP Paribas Medium Duration 777 Edelweiss Europe Dynamic Equity Offshr 467
ABSL Equity Hybrid ‘95 545 Bajaj FinServ Balanced Advantage 678 Baroda BNP Paribas Midcap 157 Edelweiss Flexi Cap 90
ABSL Equity Savings 626 Bajaj FinServ Banking and PSU 1016 Baroda BNP Paribas Money Market 899 Edelweiss Focused 91
ABSL ESG Integration Strategy 536 Bajaj FinServ Flexi Cap 80 Baroda BNP Paribas Multi Asset 723 Edelweiss Gold and Silver ETF FoF 1079
ABSL Financial Planning FOF Aggressive 714 Bajaj FinServ Large and Mid Cap 44 Baroda BNP Paribas Multi Cap 513 Edelweiss Government Securities 1055
ABSL Financial Planning FOF Conservative 715 Bajaj Finserv Liquid 862 Baroda BNP Paribas Overnight 923 Edelweiss Greater China Equity Off-shore 468
ABSL Financial Planning FOF Moderate 716 Bajaj FinServ Money Market 897 Baroda BNP Paribas Retirement 555 Edelweiss Large & Mid Cap 50
ABSL Flexi Cap 74 Bajaj Finserv Multi Asset Allocation 720 Baroda BNP Paribas Short Duration 795 Edelweiss Large Cap 9
ABSL Floating Rate 1036 Bajaj Finserv Overnight 920 Baroda BNP Paribas Small Cap 187 Edelweiss Liquid 868
ABSL Focused 75 Bajaj FinSrv Large Cap 3 Baroda BNP Paribas Ultra Short Duration 838 Edelweiss Mid Cap 160
ABSL Frontline Equity 1 Bandhan All Seasons Bond 792 Baroda BNP Paribas Value 214 Edelweiss Money Market 901
ABSL Global Emerging Opportunities 448 Bandhan Arbitrage 651 Canara Robeco Balanced Advtg 682 Edelweiss Multi Asset Allocation 725
ABSL Global Excellence Equity FoF 449 Bandhan Asset Allocation Aggressive 550 Canara Robeco Banking and PSU Debt 1019 Edelweiss Multi Cap 516
ABSL Gold 1076 Bandhan Asset Allocation Conservative 599 Canara Robeco Bluechip Equity 7 Edelweiss Overnight 926
ABSL Government Securities 1049 Bandhan Asset Allocation Moderate 590 Canara Robeco Conservative Hybrid 603 Edelweiss Recently Listed IPO 352
ABSL Income 761 Bandhan Balanced Advantage 679 Canara Robeco Consumer Trends 435 Edelweiss Small Cap 190
ABSL India GenNext 433 Bandhan Banking & PSU Debt 1017 Canara Robeco Corporate Bond 983 Edelweiss Technology 325
ABSL Infrastructure 291 Bandhan Bond Fund Medium Term Plan 776 Canara Robeco Dynamic Bond 960 Edelweiss US Technology Equity FoF 469
ABSL International Equity 450 Bandhan Bond Income 762 Canara Robeco ELSS Tax Saver 239 Edelweiss US Value Equity Offshr 470
ABSL Liquid 860 Bandhan Bond Short Term 793 Canara Robeco Emerging Equities 48 Franklin Asian Equity 471
ABSL Long Duration 752 Bandhan Conservative Hybrid 600 Canara Robeco Equity Hybrid 556 Franklin Build India 296
ABSL Low Duration 814 Bandhan Core Equity 45 Canara Robeco Flexi Cap 86 Franklin India Balanced Advantage 685
ABSL Manufacturing Equity 336 Bandhan Corporate Bond 981 Canara Robeco Focused Equity 87 Franklin India Banking & PSU Debt 1022
ABSL Medium Term 774 Bandhan Credit Risk 1002 Canara Robeco Gilt 1053 Franklin India Bluechip 10
ABSL Mid Cap 154 Bandhan Dynamic Bond 958 Canara Robeco Income 763 Franklin India Corporate Debt 985
ABSL MNC 419 Bandhan ELSS Tax Saver 236 Canara Robeco Infrastructure 294 Franklin India Debt Hybrid 605
ABSL Money Manager 895 Bandhan Equity Savings 628 Canara Robeco Liquid 866 Franklin India Dynamic Asset Allocat FoF 686
ABSL Multi Asset Allocation 717 Bandhan Financial Services 271 Canara Robeco Manufacturing 349 Franklin India ELSS Tax Saver 242
ABSL Multi-Cap 509 Bandhan Flexi Cap 81 Canara Robeco Mid Cap 158 Franklin India Equity Advantage 51
ABSL Multi-Index FoF 718 Bandhan Floating Rate 1038 Canara Robeco Multi Cap 514 Franklin India Equity Hybrid 559
ABSL NASDAQ 100 FOF 451 Bandhan Focused Equity 82 Canara Robeco Overnight 924 Franklin India Equity Savings 632
ABSL Overnight 918 Bandhan GSF Constant Maturity Plan 1071 Canara Robeco Savings 818 Franklin India Feeder Franklin US Opp 472
ABSL Pharma & Healthcare 310 Bandhan GSF Investment 1051 Canara Robeco Short Duration 796 Franklin India Feeder Templtn Europn Opp 473
ABSL PSU Equity 428 Bandhan Hybrid Equity 551 Canara Robeco Small Cap 188 Franklin India Flexi Cap 92
ABSL Pure Value 211 Bandhan Infrastructure 292 Canara Robeco Ultra Short Term 839 Franklin India Floating Rate 1041
ABSL Quant 337 Bandhan Innovation 344 Canara Robeco Value 215 Franklin India Focused Equity 93
ABSL Regular Savings 595 Bandhan Large Cap 4 DSP 10Y G-Sec 1072 Franklin India Government Securities 1056
ABSL Retirement 30s 76 Bandhan Liquid 863 DSP Arbitrage 654 Franklin India Liquid 869
ABSL Retirement 40s 546 Bandhan Long Duration 754 DSP Banking & Financial Services 273 Franklin India Money Market 902
ABSL Retirement 50s 596 Bandhan Low Duration 816 DSP Banking & PSU Debt 1020 Franklin India Multi Asset Solution FoF 726
ABSL Retirement 50s + Debt 789 Bandhan Midcap 156 DSP Bond 778 Franklin India Multi Cap 517
ABSL Savings 834 Bandhan Money Manager 898 DSP Corporate Bond 984 Franklin India Opportunities 353
ABSL Short Term 790 Bandhan Multi Asset Allocation 721 DSP Credit Risk 1005 Franklin India Overnight 927
ABSL Small Cap 183 Bandhan Multi Cap 511 DSP Dynamic Asset Allocation 683 Franklin India Pension 591
ABSL Special Opportunities 338 Bandhan Overnight 921 DSP ELSS Tax Saver 240 Franklin India Prima 161
ABSL Transportation and Logistics 339 Bandhan Retirement 552 DSP Equity & Bond 557 Franklin India Smaller Companies 191
Axis All Seasons Debt FoF 956 Bandhan Small Cap 185 DSP Equity Opportunities 49 Franklin India Technology 326
Axis Arbitrage 649 Bandhan Sterling Value 213 DSP Equity Savings 630 Franklin India Ultra Short Duration 841
Axis Balanced Advantage 676 Bandhan Transportation and Logistics 345 DSP Flexi Cap 88 Templeton India Equity Income 417
Axis Banking & PSU Debt 1015 Bandhan Ultra Short Term 836 DSP Floater 1040 Templeton India Value 231
Axis Bluechip 2 Bandhan US Equity FoF 456 DSP Focus 89 Groww Aggressive Hybrid 560
Axis Business Cycles 340 Bank of India Arbitrage 652 DSP Gilt 1054 Groww Banking & Financial Services 274
Axis Children’s Gift 547 Bank of India Balanced Advantage 680 DSP Global Allocation FoF 458 Groww Dynamic Bond 962
Axis Corporate Debt 980 Bank of India Bluechip 5 DSP Global Innovation FoF 459 Groww ELSS Tax Saver 243
Axis Credit Risk 1001 Bank of India Conservative Hybrid 601 DSP Gold ETF FoF 1078 Groww Large Cap 11
Axis Dynamic Bond 957 Bank of India Credit Risk 1003 DSP Healthcare 311 Groww Liquid 870
Axis ELSS Tax Saver 235 Bank of India ELSS Tax Saver 237 DSP Liquidity 867 Groww Nifty EV & New Age Automot ETF FoF 354
Axis Equity ETFs FoF 77 Bank of India Flexi Cap 83 DSP Low Duration 819 Groww Overnight 928
Axis Equity Hybrid 548 Bank of India Large & Mid Cap Equity 46 DSP Midcap 159 Groww Short Term 798
Axis Equity Saver 627 Bank of India Liquid 864 DSP Multi Asset Allocation 724 Groww Value 217
Axis ESG Integration Strategy 537 Bank of India Manufacturing & Infra 293 DSP Multicap 515 HDFC Arbitrage 656
Axis Flexi Cap 78 Bank of India Mid & Small Cap Eqt & Debt 553 DSP Natural Resources and New Energy 424 HDFC Asset Allocator FoF 727
Axis Floater 1037 Bank of India Multi Asset Allocation 722 DSP Overnight 925 HDFC Balanced Advantage 687
Axis Focused 79 Bank of India Multi Cap 512 DSP Quant 350 HDFC Banking & Financial Services 275
Axis Gilt 1050 Bank of India Overnight 922 DSP Regular Savings 604 HDFC Banking and PSU Debt 1023
Axis Global Equity Alpha FoF 452 Bank of India Short Term Income 794 DSP Savings 900 HDFC Business Cycle 355
Axis Global Innovation FoF 453 Bank of India Small Cap 186 DSP Short-Term 797 HDFC Capital Builder Value 218
Axis Gold 1077 Bank of India Ultra Short Duration 837 DSP Small Cap 189 HDFC Children’s Gift 561
Axis Greater China Equity FoF 454 Baroda BNP Paribas Aggressive Hybrid 554 DSP Strategic Bond 961 HDFC Corporate Bond 986
Axis Growth Opportunities 43 Baroda BNP Paribas Aqua FoF 457 DSP T.I.G.E.R. 295 HDFC Credit Risk Debt 1006
Axis India Manufacturing 341 Baroda BNP Paribas Arbitrage 653 DSP Top 100 Equity 8 HDFC Defence 356
Axis Innovation 342 Baroda BNP Paribas Balanced Advantage 681 DSP Ultra Short 840 HDFC Developed World Indexes FoF 474

86 Mutual Fund Insight October 2024

Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.
HDFC Dividend Yield 411 ICICI Pru Commodities 362 Invesco India Smallcap 195 LIC MF Flexi Cap 115
HDFC Dynamic Debt 963 ICICI Pru Constant Maturity Gilt 1073 Invesco India Ultra Short Duration 845 LIC MF Focused 22
HDFC Dynamic PE Ratio FoF 688 ICICI Pru Corporate Bond 988 ITI Arbitrage 660 LIC MF Gilt 1062
HDFC ELSS Tax Saver 244 ICICI Pru Credit Risk 1008 ITI Balanced Advantage 693 LIC MF Gold ETF FoF 1084
HDFC Equity Savings 633 ICICI Pru Debt Management (FOF) 767 ITI Banking and Financial Services 279 LIC MF Healthcare 316
HDFC Flexi Cap 94 ICICI Pru Dividend Yield Equity 412 ITI Banking and PSU 1027 LIC MF Infrastructure 302
HDFC Floating Rate Debt 1042 ICICI Pru ELSS Tax Saver 246 ITI Dynamic Bond 967 LIC MF Large & Mid Cap 57
HDFC Focused 30 95 ICICI Pru Energy Opportunities 425 ITI ELSS Tax Saver 248 LIC MF Large Cap 23
HDFC Gilt 1057 ICICI Pru Equity & Debt 567 ITI Flexi Cap 108 LIC MF Liquid 878
HDFC Gold 1080 ICICI Pru Equity Arbitrage 658 ITI Focused Equity 109 LIC MF Low Duration 826
HDFC Housing Opportunities 357 ICICI Pru Equity Savings 635 ITI Large Cap 19 LIC MF Medium to Long Duration 770
HDFC Hybrid Debt 606 ICICI Pru ESG Exclusionary Strategy 538 ITI Liquid 875 LIC MF Midcap 169
HDFC Hybrid Equity 562 ICICI Pru Exports & Services 363 ITI Mid Cap 166 LIC MF Money Market 908
HDFC Income 764 ICICI Pru Flexicap 101 ITI Multi Cap 522 LIC MF Multi Cap 524
HDFC Infrastructure 297 ICICI Pru Floating Interest 1043 ITI Overnight 934 LIC MF Overnight 937
HDFC Large and Mid Cap 52 ICICI Pru FMCG 364 ITI Pharma and Healthcare 314 LIC MF Short Duration 805
HDFC Liquid 871 ICICI Pru Focused Equity 102 ITI Small Cap 196 LIC MF Small Cap 199
HDFC Long Duration Debt 755 ICICI Pru Gilt 1059 ITI Ultra Short Duration 846 LIC MF ULIS 573
HDFC Low Duration 820 ICICI Pru Global Advantage (FOF) 479 ITI Value 222 LIC MF Ultra Short Duration 848
HDFC Manufacturing 358 ICICI Pru Global Stable Equity (FOF) 480 JM Aggressive Hybrid 570 LIC MF Value 225
HDFC Medium Term Debt 779 ICICI Pru Housing Opportunities 365 JM Arbitrage 661 Mahindra Manulife Aggressive Hybrid 574
HDFC Mid-Cap Opportunities 162 ICICI Pru Income Optimizer (FOF) 610 JM Dynamic Bond 968 Mahindra Manulife Arbitrage 664
HDFC MNC 420 ICICI Pru India Equity FOF 103 JM ELSS Tax Saver 249 Mahindra Manulife Asia Pacific REITs FoF 491
HDFC Money Market 903 ICICI Pru India Opportunities 366 JM Flexicap 110 Mahindra Manulife Balanced Advantage 696
HDFC Multi Asset 728 ICICI Pru Infrastructure 299 JM Focused 111 Mahindra Manulife Business Cycle 378
HDFC Multi Cap 518 ICICI Pru Innovation 367 JM Large Cap 20 Mahindra Manulife Consumption 440
HDFC Non-Cyclical Consumer 436 ICICI Pru Large & Mid Cap 54 JM Liquid 876 Mahindra Manulife Dynamic Bond 971
HDFC Overnight 929 ICICI Pru Liquid 873 JM Low Duration 824 Mahindra Manulife ELSS Tax Saver 252
HDFC Pharma And Healthcare 312 ICICI Pru Long Term Bond 756 JM Medium to Long Duration 768 Mahindra Manulife Equity Savings 639
HDFC Retirement Savings Equity 96 ICICI Pru Manufacturing 368 JM Midcap 167 Mahindra Manulife Flexi Cap 116
HDFC Retirement Savings Hybrid Debt 607 ICICI Pru Medium Term Bond 781 JM Overnight 935 Mahindra Manulife Focused 117
HDFC Retirement Savings Hybrid Equity 563 ICICI Pru Midcap 164 JM Short Duration 803 Mahindra Manulife Large & Mid Cap 58
HDFC Short Term Debt 799 ICICI Pru MNC 421 JM Small Cap 197 Mahindra Manulife Large Cap 24
HDFC Small Cap 192 ICICI Pru Money Market 905 JM Value 223 Mahindra Manulife Liquid 879
HDFC Technology 327 ICICI Pru Multi Asset 732 Kotak All Weather Debt FOF 969 Mahindra Manulife Low Duration 827
HDFC Top 100 12 ICICI Pru Multicap 520 Kotak Balanced Advantage 694 Mahindra Manulife Manufacturing 379
HDFC Transportation and Logistics 359 ICICI Pru Nifty 100 Low Vol 30 ETF FOF 16 Kotak Banking & Financial Services 280 Mahindra Manulife Mid Cap 170
HDFC Ultra Short Term 842 ICICI Pru Nifty Alpha Low-Vol 30 ETF FOF 17 Kotak Banking & PSU Debt 1028 Mahindra Manulife Multi Asset Allocation 736
Helios Balanced Advantage 689 ICICI Pru Overnight 932 Kotak Bluechip 21 Mahindra Manulife Multi Cap 525
Helios Financial Services 276 ICICI Pru Passive Multi-Asset FoF 733 Kotak Bond 769 Mahindra Manulife Overnight 938
Helios Flexi Cap 97 ICICI Pru Passive Strategy (FOF) 104 Kotak Bond Short-term 804 Mahindra Manulife Short Duration 806
Helios Overnight 930 ICICI Pru Pharma Healthcare and Diagnost 313 Kotak Business Cycle 373 Mahindra Manulife Small Cap 200
HSBC Aggressive Hybrid 564 ICICI Pru PSU Equity 429 Kotak Consumption 439 Mahindra Manulife Ultra Short Duration 849
HSBC Arbitrage 657 ICICI Pru Quant 369 Kotak Corporate Bond 990 Mirae Asset Aggressive Hybrid 575
HSBC Asia Pacific (ExJapan) Dividend Yld 475 ICICI Pru Regular Gold Savings (FOF) 1081 Kotak Credit Risk 1010 Mirae Asset Arbitrage 665
HSBC Balanced Advantage 690 ICICI Pru Regular Savings 611 Kotak Debt Hybrid 613 Mirae Asset Balanced Advantage 697
HSBC Banking and PSU Debt 1024 ICICI Pru Retirement Hybrid Aggressive 568 Kotak Dynamic Bond 970 Mirae Asset Banking and Fin Srvcs 282
HSBC Brazil 476 ICICI Pru Retirement Hybrid Conservative 612 Kotak ELSS Tax Saver 250 Mirae Asset Banking and PSU 1030
HSBC Business Cycles 360 ICICI Pru Retirement Pure Debt 966 Kotak Emerging Equity 168 Mirae Asset Corporate Bond 991
HSBC Conservative Hybrid 608 ICICI Pru Retirement Pure Equity 105 Kotak Equity Arbitrage 662 Mirae Asset Dynamic Bond 972
HSBC Consumption 437 ICICI Pru Savings 822 Kotak Equity Hybrid 571 Mirae Asset ELSS Tax Saver 253
HSBC Corporate Bond 987 ICICI Pru Short Term 801 Kotak Equity Opportunities 56 Mirae Asset Equity Allocator FoF 25
HSBC Credit Risk 1007 ICICI Pru Smallcap 194 Kotak Equity Savings 637 Mirae Asset Equity Savings 640
HSBC Dynamic Bond 964 ICICI Pru Strategic Mtal & Enrgy Eqt FoF 481 Kotak ESG Exclusionary Strategy 540 Mirae Asset Flexi Cap 118
HSBC ELSS Tax Saver 245 ICICI Pru Technology 328 Kotak Flexicap 112 Mirae Asset Focused 119
HSBC Equity Savings 634 ICICI Pru Thematic Advantage (FOF) 370 Kotak Floating Rate 1044 Mirae Asset Glob Elec & Aut Veh ETFs FoF 492
HSBC Flexi Cap 98 ICICI Pru Transportation and Logistics 371 Kotak Focused Equity 113 Mirae Asset Great Consumer 441
HSBC Focused 99 ICICI Pru Ultra Short Term 844 Kotak Gilt Investment 1061 Mirae Asset Hang Seng TECH ETF FoF 493
HSBC Gilt 1058 ICICI Pru US Bluechip Equity 482 Kotak Global Emerging Market 487 Mirae Asset Healthcare 317
HSBC Global Emerging Markets 477 ICICI Pru Value Discovery 220 Kotak Global Innovation FoF 488 Mirae Asset Large & Midcap 59
HSBC Global Equity Climate Change FoF 478 Invesco Ind-Invesco Pan European Eqt FoF 485 Kotak Gold 1083 Mirae Asset Large Cap 26
HSBC Infrastructure 298 Invesco Ind-Invsco EQQQ NSDQ-100 ETF FoF 486 Kotak Healthcare 315 Mirae Asset Liquid 880
HSBC Large and Mid Cap 53 Invesco India Aggressive Hybrid 569 Kotak India EQ Contra 224 Mirae Asset Low Duration 828
HSBC Large Cap 13 Invesco India Arbitrage 659 Kotak Infrastructure and Economic Reform 301 Mirae Asset Midcap 171
HSBC Liquid 872 Invesco India Balanced Advantage 692 Kotak International REIT FOF 489 Mirae Asset Money Market 909
HSBC Low Duration 821 Invesco India Banking and PSU 1026 Kotak Liquid 877 Mirae Asset Multi Asset Allocation 737
HSBC Managed Solutions India Cons 609 Invesco India Contra 221 Kotak Long Duration 757 Mirae Asset Multicap 526
HSBC Managed Solutions India Growth 565 Invesco India Corporate Bond 989 Kotak Low Duration 825 Mirae Asset Nfty MidSC400 MomQlty 100ETF 380
HSBC Managed Solutions India Moderate 729 Invesco India Credit Risk 1009 Kotak Manufacture in India 374 Mirae Asset Nfty SC250 M Qlty100 ETF FoF 381
HSBC Medium Duration 780 Invesco India ELSS Tax Saver 247 Kotak Medium Term 783 Mirae Asset Nifty 200 Alpha 30 ETF FoF 27
HSBC Medium to Long Duration 765 Invesco India Equity Savings 636 Kotak Money Market 907 Mirae Asset Nifty Ind Manftng ETF FoF 382
HSBC Midcap 163 Invesco India ESG Integration Strategy 539 Kotak Multi Asset Allocation 734 Mirae Asset Nifty100 ESG Sec Leaders FoF 541
HSBC Money Market 904 Invesco India Financial Services 278 Kotak Multi Asset Allocator FoF-Dynamic 735 Mirae Asset NYSE FANG+ ETF FoF 494
HSBC Multi Asset Allocation 730 Invesco India Flexi Cap 106 Kotak Multicap 523 Mirae Asset Overnight 939
HSBC Multi Cap 519 Invesco India Focused 107 Kotak Nasdaq 100 FOF 490 Mirae Asset S&P 500 Top 50 ETF FoF 495
HSBC Overnight 931 Invesco India Gilt 1060 Kotak Overnight 936 Mirae Asset Short Duration 807
HSBC Short Duration 800 Invesco India Global Consumer Trends 483 Kotak Pioneer 375 Mirae Asset Ultra Short Duration 850
HSBC Small Cap 193 Invesco India Global Equity Income FoF 484 Kotak Quant 376 Mirae Asset X Arti Int & Tech ETF FoF 496
HSBC Ultra Short Duration 843 Invesco India Gold ETF FoF 1082 Kotak Savings 847 Motilal Oswal 5 Year G-Sec FoF 1063
HSBC Value 219 Invesco India Infrastructure 300 Kotak Small Cap 198 Motilal Oswal Asset Alloc Passive Agrssv 738
ICICI Pru All Seasons Bond 965 Invesco India Large & Mid Cap 55 Kotak Special Opportunities 377 Motilal Oswal Asset Alloc Passive Cons 739
ICICI Pru Asset Allocator (FOF) 731 Invesco India Largecap 18 Kotak Technology 329 Motilal Oswal Balance Advantage 698
ICICI Pru Balanced Advantage 691 Invesco India Liquid 874 LIC MF Aggressive Hybrid 572 Motilal Oswal Developed Mkt Ex US ETFs 497
ICICI Pru Banking & Financial Services 277 Invesco India Low Duration 823 LIC MF Arbitrage 663 Motilal Oswal ELSS Tax Saver 254
ICICI Pru Banking & PSU Debt 1025 Invesco India Manufacturing 372 LIC MF Balanced Advantage 695 Motilal Oswal Flexi Cap 120
ICICI Pru Bharat 22 FOF 14 Invesco India Medium Duration 782 LIC MF Banking & Financial Services 281 Motilal Oswal Focused 121
ICICI Pru Bharat Consumption 438 Invesco India Mid Cap 165 LIC MF Banking & PSU 1029 Motilal Oswal Gold and Silver ETFs FoF 1085
ICICI Pru Bluechip 15 Invesco India Money Market 906 LIC MF Children’s 114 Motilal Oswal Large and Midcap 60
ICICI Pru Bond 766 Invesco India Multicap 521 LIC MF Conservative Hybrid 614 Motilal Oswal Large Cap 28
ICICI Pru BSE 500 ETF FOF 100 Invesco India Overnight 933 LIC MF Dividend Yield 413 Motilal Oswal Liquid 881
ICICI Pru Business Cycle 361 Invesco India PSU Equity 430 LIC MF ELSS Tax Saver 251 Motilal Oswal Manufacturing 383
ICICI Pru Child Care Gift 566 Invesco India Short Duration Term 802 LIC MF Equity Savings 638 Motilal Oswal Midcap 172

Mutual Fund Insight October 2024 87

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 SCOREBOARD: INDEX
Motilal Oswal Multi Asset 740 Parag Parikh Liquid 884 SBI Retirement Benefit Cons Hybrid 621 TRUSTMF Liquid 891
Motilal Oswal Multi Cap 527 Quant Absolute 579 SBI Retirement Benefit Conservative 622 TRUSTMF Money Market 915
Motilal Oswal Nasdaq 100 FOF 498 Quant Active 530 SBI Savings 912 TRUSTMF Overnight 950
Motilal Oswal Quant 384 Quant BFSI 284 SBI Short Term Debt 809 TRUSTMF Short Duration 812
Motilal Oswal Small Cap 201 Quant Business Cycle 387 SBI Small Cap 206 Union Aggressive Hybrid 587
Motilal Oswal Ultra Short Term 851 Quant Commodities 388 SBI Technology Opportunities 331 Union Arbitrage 673
Navi Aggressive Hybrid 576 Quant Consumption 443 Shriram Aggressive Hybrid 583 Union Balanced Advantage 709
Navi Conservative Hybrid 615 Quant Dynamic Asset Allocation 703 Shriram Balanced Advantage 706 Union Business Cycle 405
Navi Flexi Cap 122 Quant ELSS Tax Saver Fund 259 Shriram ELSS Tax Saver 263 Union Children’s 146
Navi Large & Midcap 61 Quant ESG Equity 542 Shriram Flexi Cap 137 Union Corporate Bond 998
Navi Liquid 882 Quant Flexi Cap 131 Shriram Multi Asset Allocation 747 Union Dynamic Bond 977
Navi NASDAQ 100 FoF 499 Quant Focused 32 Shriram Overnight 947 Union ELSS Tax Saver 267
Navi Overnight 940 Quant Gilt 1066 Sundaram Aggressive Hybrid 584 Union Equity Savings 646
Navi US Total Stock Market FoF 500 Quant Healthcare 319 Sundaram Arbitrage 671 Union Flexi Cap 147
Nippon India Arbitrage 666 Quant Infrastructure 304 Sundaram Balanced Advantage 707 Union Focused 148
Nippon Ind Nifty Next 50 Junior BeES FoF 29 Quant Large & Mid Cap 64 Sundaram Banking & PSU 1033 Union Gilt 1069
Nippon India Asset Allocator FoF 741 Quant Large Cap 33 Sundaram Business Cycle 398 Union Innovation & Opportunities 406
Nippon India Balanced Advantage 699 Quant Liquid 886 Sundaram Conservative Hybrid 623 Union Large & Midcap 68
Nippon India Banking & Financial Srvices 283 Quant Manufacturing 389 Sundaram Consumption 445 Union Largecap 39
Nippon India Banking & PSU Debt 1031 Quant Mid Cap 175 Sundaram Corporate Bond 995 Union Liquid 892
Nippon India Consumption 442 Quant Momentum 390 Sundaram Dividend Yield 415 Union Medium Duration 787
Nippon India Corporate Bond 992 Quant Multi Asset 743 Sundaram ELSS Tax Saver 264 Union Midcap 180
Nippon India Credit Risk 1011 Quant Overnight 944 Sundaram Equity Savings 644 Union Money Market 916
Nippon India Dynamic Bond 973 Quant PSU 431 Sundaram Financial Services Opp 286 Union Multicap 534
Nippon India ELSS Tax Saver 255 Quant Quantamental 391 Sundaram Flexi Cap 138 Union Overnight 951
Nippon India Equity Hybrid 577 Quant Small Cap 204 Sundaram Focused 139 Union Retirement 149
Nippon India Equity Savings 641 Quant Teck 330 Sundaram Global Brand 508 Union Small Cap 209
Nippon India Flexi Cap 123 Quant Value 227 Sundaram Infrastructure Advantage 306 Union Value 232
Nippon India Floating Rate 1045 Quantum Dynamic Bond 975 Sundaram Large & Midcap 66 UTI Aggressive Hybrid 588
Nippon India Focused Equity 124 Quantum ELSS Tax Saver 260 Sundaram Large Cap 36 UTI Arbitrage 674
Nippon India Gilt Securities 1064 Quantum Equity FoF 132 Sundaram Liquid 889 UTI Balanced Advantage 710
Nippon India Gold Savings 1086 Quantum ESG Best In Class Strategy 543 Sundaram Low Duration 831 UTI Banking & PSU 1035
Nippon India Growth 173 Quantum Gold Savings 1087 Sundaram Medium Duration 786 UTI Banking and Financial Services 289
Nippon India Hybrid Bond 616 Quantum Liquid 887 Sundaram Midcap 177 UTI Children’s Equity 150
Nippon India Income 771 Quantum Long Term Equity Value 228 Sundaram Money Market 913 UTI Children’s Hybrid 592
Nippon India Innovation 385 Quantum Multi Asset Allocation 744 Sundaram Multi Asset Allocation 748 UTI Conservative Hybrid 625
Nippon India Japan Equity 501 Quantum Multi Asset FOFs 745 Sundaram Multi Cap 532 UTI Corporate Bond 999
Nippon India Large Cap 30 Quantum Nifty 50 ETF FoF 34 Sundaram Overnight 948 UTI Credit Risk 1013
Nippon India Liquid 883 Quantum Small Cap 205 Sundaram Services 399 UTI Dividend Yield 418
Nippon India Low Duration 829 Samco Active Momentum 392 Sundaram Short Duration 810 UTI Dynamic Bond 978
Nippon India Money Market 910 Samco Dynamic Asset Allocation 704 Sundaram Small Cap 207 UTI ELSS Tax Saver 268
Nippon India Multi Asset Allocation 742 Samco ELSS Tax Saver 261 Sundaram Ultra Short Duration 855 UTI Equity Savings 647
Nippon India Multi Cap 528 Samco Flexi Cap 133 Tata Arbitrage 672 UTI Flexi Cap 151
Nippon India Nivesh Lakshya 758 Samco Overnight 945 Tata Balanced Advantage 708 UTI Floater 1048
Nippon India Overnight 941 Samco Special Opportunities 393 Tata Banking & Financial Services 287 UTI Focused 152
Nippon India Passive Flexicap FoF 125 SBI Arbitrage Opportunities 670 Tata Business Cycle 400 UTI Gilt 1070
Nippon India Pharma 318 SBI Automotive Opportunities 394 Tata Corporate Bond 996 UTI Gilt Fund with 10Y Constant Duration 1075
Nippon India Power & Infra 303 SBI Balanced Advantage 705 Tata Digital India 332 UTI Gold ETF FoF 1090
Nippon India Quant 386 SBI Banking & Financial Services 285 Tata Dividend Yield 416 UTI Healthcare 322
Nippon India Retirement Incm Generation 617 SBI Banking and PSU 1032 Tata ELSS Tax Saver 265 UTI India Consumer 447
Nippon India Retirement Wealth Creation 126 SBI Bluechip 35 Tata Equity PE 230 UTI Infrastructure 309
Nippon India Short Term 808 SBI Conservative Hybrid 619 Tata Equity Savings 645 UTI Innovation 407
Nippon India Small Cap 202 SBI Consumption Opportunities 444 Tata Ethical 401 UTI Large & Mid Cap 69
Nippon India Strategic Debt 784 SBI Contra 229 Tata Flexi Cap 140 UTI Large Cap 40
Nippon India Taiwan Equity 502 SBI Corporate Bond 994 Tata Floating Rate 1047 UTI Liquid 893
Nippon India Ultra Short Duration 852 SBI Credit Risk 1012 Tata Focused Equity 141 UTI Long Duration 760
Nippon India US Equity Opportunities 503 SBI Dividend Yield 414 Tata Gold ETF FoF 1089 UTI Low Duration 833
Nippon India Value 226 SBI Dynamic Bond 976 Tata GSF 1068 UTI Medium Duration 788
Nippon India Vision 62 SBI Energy Opportunities 426 Tata Housing Opportunities 402 UTI Medium to Long Duration 773
NJ Arbitrage 667 SBI Equity Hybrid 580 Tata Hybrid Equity 585 UTI Mid Cap 181
NJ Balanced Advantage 700 SBI Equity Minimum Variance 395 Tata India Consumer 446 UTI MNC 423
NJ ELSS Tax Saver Scheme 256 SBI Equity Savings 643 Tata India Pharma & Healthcare 321 UTI Money Market 917
NJ Flexi Cap 127 SBI ESG Exclusionary Strategy 544 Tata Infrastructure 307 UTI Multi Asset Allocation 750
NJ Overnight 942 SBI Flexicap 134 Tata Large & Midcap 67 UTI Overnight 952
Old Bridge Focused Equity 128 SBI Floating Rate Debt 1046 Tata Large Cap 37 UTI Retirement 593
PGIM India Arbitrage 669 SBI Focused Equity 135 Tata Liquid 890 UTI Short Duration 813
PGIM Ind Glbl Selct Real Estate Sec FoF 504 SBI Gold 1088 Tata Midcap Growth 178 UTI Small Cap 210
PGIM India Balanced Advantage 702 SBI Healthcare Opportunities 320 Tata Money Market 914 UTI Transportation & Logistics 408
PGIM India Corporate Bond 993 SBI Infrastructure 305 Tata Multi Asset Opportunities 749 UTI Ultra Short Duration 857
PGIM India Dynamic Bond 974 SBI Innovative Opportunities 396 Tata Multicap 533 UTI Unit Linked Insurance Plan 711
PGIM India ELSS Tax Saver 258 SBI International Access-US Equity FoF 507 Tata Nifty India Digital ETF FoF 333 UTI Value 233
PGIM India Emerging Markets Equity 505 SBI Large & Midcap 65 Tata Overnight 949 WhiteOak Capital Balanced Advantage 712
PGIM India Equity Savings 642 SBI Liquid 888 Tata Quant 403 WhiteOak Capital Balanced Hybrid 594
PGIM India Flexi Cap 130 SBI Long Duration 759 Tata Resources & Energy 427 WhiteOak Capital Banking & Fin Srvices 290
PGIM India Gilt 1065 SBI Long Term Equity 262 Tata Retirement Savings Conservative 624 WhiteOak Capital ELSS Tax Saver 269
PGIM India Global Equity Opportunities 506 SBI Magnum Children’s Benefit Investment 581 Tata Retirement Savings Moderate 586 WhiteOak Capital Flexi Cap 153
PGIM India Hybrid Equity 578 SBI Magnum Children’s Benefit Savings 620 Tata Retirement Savings Progressive 142 WhiteOak Capital Large & Mid Cap 70
PGIM India Large and Mid Cap 63 SBI Magnum COMMA 397 Tata Short Term Bond 811 WhiteOak Capital Large Cap 41
PGIM India Large Cap 31 SBI Magnum Constant Maturity 1074 Tata Small Cap 208 WhiteOak Capital Liquid 894
PGIM India Liquid 885 SBI Magnum Gilt 1067 Tata Treasury Advantage 832 WhiteOak Capital Mid Cap 182
PGIM India Midcap Opportunities 174 SBI Magnum Global 422 Tata Ultra Short Term 856 WhiteOak Capital Multi Asset Allocation 751
PGIM India Money Market 911 SBI Magnum Income 772 Tata Young Citizens 143 WhiteOak Capital Multi Cap 535
PGIM India Overnight 943 SBI Magnum Low Duration 830 Taurus Banking & Financial Services 288 WhiteOak Capital Pharma and Helthcr 323
PGIM India Retirement 529 SBI Magnum Medium Duration 785 Taurus ELSS Tax Saver 266 WhiteOak Capital Special Opportunities 409
PGIM India Small Cap 203 SBI Magnum Midcap 176 Taurus Ethical 404 WhiteOak Capital Ultra Short Duration 858
PGIM India Ultra Short Duration 853 SBI Magnum Ultra Short Duration 854 Taurus Flexi Cap 144
Parag Parikh Arbitrage 668 SBI Multi Asset Allocation 746 Taurus Infrastructure 308
Parag Parikh Conservative Hybrid 618 SBI Multicap 531 Taurus Large Cap 38
Parag Parikh Dynamic Asset Allocation 701 SBI Overnight 946 Taurus Mid Cap 179
Parag Parikh ELSS Tax Saver 257 SBI PSU 432 TRUSTMF Banking & PSU 1034
Parag Parikh Flexi Cap 129 SBI Retirement Benefit Aggressive 136 TRUSTMF Corporate Bond 997
SBI Retirement Benefit Aggressive Hybrid 582 TRUSTMF Flexi Cap 145

88 Mutual Fund Insight October 2024

Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.
 SCOREBOARD: INDEX FUNDS
REGULAR DIRECT
Return (%) Tracking Return (%) Tracking
error (%) Launch error (%) Launch AUM Style
Fund Name Rating 3M 1Y 3Y 1Y Expense date Rating 3M 1Y 3Y 1Y Expense date (` cr) box*

EQUITY: LARGE CAP

ABSL Nifty 50 Equal Weight Index  14.2 42.7 19.5 0.06 1.02 06-21  14.4 43.6 20.3 0.05 0.4 06-21 301 
ABSL Nifty 50 Index  12.4 31.9 14.5 0.05 0.47 09-02  12.4 32.2 14.8 0.04 0.2 01-13 977 
ABSL Nifty Next 50 Index NR 11.5 68.6 - 0.14 0.88 02-22 NR 11.6 69.8 - 0.12 0.33 02-22 166 
Axis BSE Sensex Index NR 11.6 - - - 0.8 02-24 NR 11.8 - - - 0.2 02-24 45 
Axis Nifty 100 Index  11.9 36.9 14.9 0.1 0.92 10-19  12.1 37.8 15.8 0.07 0.21 10-19 1651 
Axis Nifty 50 Index NR 12.3 31.9 - 0.1 0.42 12-21 NR 12.4 32.2 - 0.09 0.12 12-21 511 
Axis Nifty Next 50 Index NR 11.3 68.5 - 0.25 1.02 01-22 NR 11.5 69.5 - 0.24 0.25 01-22 271 
Bandhan Nifty 100 Index NR 12 37.3 - 0.06 0.6 02-22 NR 12.1 38 - 0.06 0.09 02-22 144 
Bandhan Nifty 50 Index  12.2 31.6 14.5 0.07 0.6 04-10  12.4 32.3 15 0.07 0.1 01-13 1444 
Bandhan Nifty Alpha 50 Index NR 13.3 - - - 1.02 11-23 NR 13.5 - - - 0.34 11-23 187 
Bandhan Nifty100 Low Volatility 30 Index NR 15.9 38.9 - 0.19 1.03 10-22 NR 16.1 40 - 0.12 0.35 10-22 980 
Bandhan Nifty200 Momentum 30 Index NR 8.5 65.8 - 0.4 1.06 09-22 NR 8.7 66.9 - 0.4 0.41 09-22 131 
Baroda BNP Paribas NIFTY 50 Index NR 12.5 - - - 0.56 01-24 NR 12.6 - - - 0.16 01-24 63 
DSP Nifty 50 Equal Weight Index  14.2 42.9 19.9 0.06 1 10-17  14.4 43.7 20.5 0.05 0.4 10-17 1684 
DSP Nifty 50 Index  12.3 31.9 14.6 0.05 0.5 02-19  12.4 32.3 14.9 0.05 0.18 02-19 610 
DSP Nifty Next 50 Index  11.6 69.3 22.2 0.13 0.77 02-19  11.8 69.9 22.6 0.12 0.28 02-19 720 
Edelweiss Nifty 50 Index  12.1 31.5 - 0.14 0.5 05-15 NR 12.3 32.1 - 0.14 0.05 10-21 85 
Edelweiss Nifty Alpha Low Volatil 30 Ind NR 14.6 - - - 1.08 05-24 NR 14.8 - - - 0.3 05-24 81 
Edelweiss Nifty Next 50 Index NR 11.6 68.6 - 0.19 0.79 11-22 NR 11.8 70 - 0.18 0.09 11-22 61 
Franklin India NSE Nifty 50 Index  12.3 31.5 14.3 0.11 0.62 08-00  12.4 32 14.7 0.11 0.24 01-13 719 
HDFC Index Fund-BSE Sensex Plan  11.8 28.1 13.6 0.04 0.36 07-02  11.8 28.3 13.9 0.04 0.2 01-13 7647 
HDFC Index Nifty 50  12.4 32 14.6 0.04 0.36 07-02  12.4 32.2 14.8 0.03 0.2 01-13 17621 
HDFC NIFTY 100 Equal Wght Index NR 12 52.5 - 0.14 0.83 02-22 NR 12.1 53.1 - 0.13 0.4 02-22 251 
HDFC Nifty 100 Index NR 11.9 37.1 - 0.08 0.75 02-22 NR 12 37.6 - 0.06 0.3 02-22 220 
HDFC NIFTY Next 50 Index NR 11.4 69 - 0.13 0.66 11-21 NR 11.5 69.5 - 0.12 0.3 11-21 1685 
HDFC NIFTY100 Low Volatility 30 Index NR - - - - 0.95 07-24 NR - - - - 0.4 07-24 343 
HDFC NIFTY200 Momentum 30 Index NR 8.8 - - - 0.89 02-24 NR 9 - - - 0.4 02-24 758 
HDFC NIFTY50 Equal Weight Index  14.3 43.1 19.8 0.06 0.86 08-21  14.4 43.7 20.4 0.04 0.4 08-21 1340 
HSBC Nifty 50 Index  12.4 31.9 14.5 0.06 0.45 04-20  12.4 32.3 14.9 0.06 0.2 04-20 285 
HSBC Nifty Next 50 Index  11.5 68.8 21.6 0.1 0.8 04-20  11.6 69.6 22.2 0.09 0.35 04-20 134 
ICICI Pru BSE Sensex Index  11.8 28.2 13.7 0.11 0.27 09-17  11.8 28.3 13.8 0.06 0.19 09-17 1676 
ICICI Pru Nifty 200 Momentum 30 Index NR 9 66.5 - 0.42 0.99 08-22 NR 9.2 67.5 - 0.42 0.4 08-22 397 
ICICI Pru Nifty 50 Index  12.4 32 14.6 0.07 0.35 02-02  12.4 32.2 14.8 0.04 0.17 01-13 11115 
ICICI Pru Nifty Next 50 Index  11.6 69.5 22 0.11 0.66 06-10  11.7 69.9 22.4 0.09 0.31 01-13 6644 
ICICI Pru Nifty50 Equal Weight Index NR 14.2 42.6 - 0.15 1 10-22 NR 14.4 43.4 - 0.13 0.4 10-22 81 
Kotak Nifty 100 Low Volatility 30 Index NR - - - - 0.95 06-24 NR - - - - 0.33 06-24 28 
Kotak Nifty 200 Momentum 30 Index NR 9.6 66.4 - 0.84 0.89 06-23 NR 9.8 67.3 - 0.84 0.4 06-23 295 
Kotak Nifty 50 Index  12.3 31.7 14.4 0.1 0.45 06-21  12.4 32.1 14.8 0.1 0.15 06-21 721 
Kotak Nifty Next 50 Index  11.6 68.9 22 0.13 0.74 03-21  11.7 69.8 22.7 0.12 0.25 03-21 317 
LIC MF BSE Sensex Index  11.6 27.2 12.9 0.1 1.08 12-02  11.7 28.1 13.7 0.09 0.38 01-13 86 
LIC MF Nifty 50 Index  12.2 31.1 14 0.09 1.01 12-02  12.4 32.2 14.8 0.08 0.2 01-13 328 
LIC MF Nifty Next 50 Index  11.4 68.5 21.7 0.16 0.9 09-10  11.6 69.5 22.5 0.15 0.32 01-13 96 
Motilal Oswal BSE Low Volatility NR 11.5 38.2 - - 1.03 03-22 NR 11.6 39 - - 0.43 03-22 90 
Motilal Oswal Nifty 200 Momentum 30 NR 8.9 67.2 - 0.16 1 02-22 NR 9.1 68.3 - 0.15 0.32 02-22 766 
Motilal Oswal Nifty 50 Index  12.3 31.8 14.5 0.05 0.55 12-19  12.5 32.4 14.9 0.04 0.15 12-19 554 
All data as of August 31, 2024. Portfolio-related data as of July 31, 2024. *See end of ‘Index Scoreboard’

Mutual Fund Insight October 2024 89

Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.
 SCOREBOARD: INDEX FUNDS
REGULAR DIRECT
Return (%) Tracking Return (%) Tracking
error (%) Launch error (%) Launch AUM Style
Fund Name Rating 3M 1Y 3Y 1Y Expense date Rating 3M 1Y 3Y 1Y Expense date (` cr) box*

Motilal Oswal Nifty Next 50 Index  11.5 68.7 21.6 0.09 1.03 12-19  11.6 69.9 22.5 0.09 0.35 12-19 280 
Navi BSE Sensex Index NR 11.6 - - - 0.9 09-23 NR 11.8 - - - 0.14 09-23 11 
Navi Nifty 50 Index  12.4 32 14.7 0.04 0.26 07-21  12.4 32.3 14.9 0.04 0.06 07-21 2316 
Navi Nifty Next 50 Index NR 11.6 68.8 - 0.26 0.58 01-22 NR 11.7 69.5 - 0.26 0.12 01-22 571 
Nippon India Index BSE Sensex  11.7 27.8 13.4 0.07 0.48 09-10  11.8 28.2 13.9 0.06 0.2 01-13 731 
Nippon India Index Nifty 50  12.3 31.7 14.2 0.06 0.56 09-10  12.4 32.2 14.8 0.05 0.2 01-13 1863 
Nippon India Nifty Alpha Low Vol 30 NR 14.5 57.6 - 0.28 0.87 08-22 NR 14.6 58.3 - 0.28 0.35 08-22 731 
SBI BSE Sensex Index NR 11.7 27.9 - 0.06 0.44 05-23 NR 11.8 28.3 - 0.06 0.19 05-23 207 
SBI Nifty Index  12.4 31.9 14.5 0.02 0.48 01-02  12.5 32.3 14.9 0.02 0.2 01-13 8215 
SBI Nifty Next 50 Index  11.6 69.2 21.8 0.06 0.78 05-21  11.7 70 22.5 0.06 0.33 05-21 1209 
SBI Nifty50 Equal Weight Index NR 14.2 - - - 1.02 01-24 NR 14.4 - - - 0.52 01-24 1075 
Sundaram Nifty 100 Equal Weight  11.6 51.3 19.5 0.63 1.03 07-99  11.8 52.1 20.1 0.63 0.56 01-13 93 
Tata BSE Sensex Index  11.7 27.7 13.4 0.07 0.58 02-03  11.8 28.1 13.7 0.07 0.27 01-13 369 
Tata Nifty 50 Index  12.3 31.7 14.5 0.08 0.52 02-03  12.4 32.1 14.9 0.08 0.2 01-13 859 
Taurus Nifty 50 Index NR 11.9 30.5 13.7 0.24 1.04 06-10 NR 11.9 30.7 14.1 0.24 0.83 01-13 4 
UTI BSE Low Volatility Index NR 11.6 38.7 - - 0.91 03-22 NR 11.7 39.4 - - 0.46 03-22 484 
UTI BSE Sensex Index NR 11.8 28.1 - 0.05 0.3 01-22 NR 11.8 28.2 - 0.05 0.21 01-22 186 
UTI Nifty 50 Index  12.4 32 14.7 0.04 0.25 03-00  12.4 32.3 14.9 0.03 0.18 01-13 19357 
UTI Nifty Next 50 Index  11.5 69.2 21.9 0.07 0.8 06-18  11.7 69.9 22.4 0.06 0.37 06-18 4663 
UTI Nifty200 Momentum 30 Index  9.1 67.7 24.5 0.19 0.92 03-21  9.2 68.5 25.1 0.18 0.46 03-21 7637 
UTI NIFTY50 Equal Wght Index NR 14.2 42.7 - 0.08 1.03 06-23 NR 14.3 43.3 - 0.07 0.63 06-23 90 
EQUITY: LARGE & MIDCAP
Edelweiss NIFTY Large Mid Cap 250 Index NR 12.8 42.7 - 0.09 0.74 12-21 NR 13 43.7 - 0.08 0.14 12-21 188 
ICICI Pru Nifty LargeMidcap 250 Index NR 12.7 - - - 0.83 03-24 NR 12.9 - - - 0.25 03-24 146 
EQUITY: FLEXI CAP
Axis Nifty 500 Index NR - - - - 1 07-24 NR - - - - 0.1 07-24 261 
Bandhan Nifty Total Mkt Index NR - - - - 1.04 07-24 NR - - - - 0.39 07-24 34 
Groww Nifty Total Market Index NR 12.8 - - - 1 10-23 NR 13 - - - 0.25 10-23 201 
HDFC BSE 500 Index NR 12.4 39 - 0.21 0.89 04-23 NR 12.6 39.9 - 0.21 0.3 04-23 154 
Motilal Oswal Nifty 500 Index  12.5 39.9 17.6 0.14 0.88 09-19  12.7 40.8 18.4 0.14 0.2 09-19 1991 
EQUITY: MID CAP
ABSL Nifty Midcap 150 Index  13.5 49.2 26.8 0.31 1.01 04-21  13.7 50.1 27.6 0.31 0.44 04-21 262 A
Axis Nifty Midcap 50 Index NR 14.9 47.4 - 0.21 1.02 03-22 NR 15.2 48.4 - 0.21 0.25 03-22 392 A
Edelweiss Nifty Midcap150 Momentum 50 NR 11.2 64 - 0.54 1.1 11-22 NR 11.4 65.3 - 0.54 0.4 11-22 569 
HDFC NIFTY Midcap 150 Index NR 13.5 48.2 - 0.1 0.89 04-23 NR 13.7 49.1 - 0.09 0.3 04-23 208 A
ICICI Pru Nifty Midcap 150 Index NR 13.5 48.3 - 0.12 0.95 12-21 NR 13.7 49.2 - 0.08 0.3 12-21 539 A
Kotak Nifty Midcap 50 Index NR - - - - 1.05 08-24 NR - - - - 0.44 08-24 - 
Motilal Oswal Nifty Midcap 150  13.6 48.8 26.6 0.06 1 09-19  13.8 49.8 27.6 0.06 0.3 09-19 1878 A
Navi Nifty Midcap 150 Index NR 13.5 48 - 0.25 1 03-22 NR 13.7 49.2 - 0.24 0.22 03-22 194 A
Nippon India Nifty Midcap150  13.6 48.8 26.6 0.08 0.8 02-21  13.8 49.5 27.3 0.08 0.3 02-21 1549 A
SBI Nifty Midcap 150 Index NR 13.6 48.6 - 0.06 1.01 10-22 NR 13.7 49.5 - 0.05 0.41 10-22 587 A
Tata Nifty Midcap 150 Momentum 50 Index NR 10.6 62.4 - 0.68 1.02 10-22 NR 10.8 63.5 - 0.68 0.31 10-22 506 
EQUITY: SMALL CAP
ABSL Nifty Smallcap 50 Index  18.8 61.2 20.6 0.46 1.01 04-21  19 62.1 21.3 0.46 0.46 04-21 222 _
Axis Nifty Smallcap 50 Index NR 18.6 61.4 - 0.35 1.03 03-22 NR 18.9 62.5 - 0.35 0.28 03-22 398 _
Bandhan Nifty Smallcap 250 Index NR 16.1 - - - 0.88 12-23 NR 16.3 - - - 0.19 12-23 37 A
All data as of August 31, 2024. Portfolio-related data as of July 31, 2024. *See end of ‘Index Scoreboard’

90 Mutual Fund Insight October 2024

Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.
 REGULAR DIRECT
Return (%) Tracking Return (%) Tracking
error (%) Launch error (%) Launch AUM Style
Fund Name Rating 3M 1Y 3Y 1Y Expense date Rating 3M 1Y 3Y 1Y Expense date (` cr) box*

Edelweiss Nifty Smallcap 250 Index NR 16.3 51.9 - 0.25 0.84 11-22 NR 16.5 53 - 0.25 0.14 11-22 74 A
Groww Nifty Smallcap 250 Index NR 16.2 - - - 1 02-24 NR 16.4 - - - 0.4 02-24 76 A
HDFC NIFTY Smallcap 250 Index NR 16.2 51.1 - 0.12 0.88 04-23 NR 16.4 52.1 - 0.11 0.3 04-23 280 A
ICICI Pru Nifty Smallcap 250 Index NR 16.2 51.4 - 0.12 0.89 11-21 NR 16.4 52.3 - 0.07 0.33 11-21 382 A
Kotak Nifty Smallcap 50 Index NR 18.7 61.5 - 0.44 0.89 04-23 NR 18.9 62.5 - 0.43 0.25 04-23 87 _
Motilal Oswal Nifty Microcap 250 Index NR 21.5 56.2 - 0.25 1.08 07-23 NR 21.7 57.3 - 0.25 0.44 07-23 1345 ^
Motilal Oswal Nifty Smallcap 250 Index  16.3 51.5 26.3 0.08 1.04 09-19  16.5 52.5 27.2 0.07 0.36 09-19 788 A
Nippon India Nifty Smallcap 250 Index  16.3 51.2 26.3 0.23 0.96 10-20  16.5 52.1 27.1 0.23 0.35 10-20 1715 A
SBI Nifty Smallcap 250 Index NR 16.3 51.4 - 0.07 1.01 10-22 NR 16.5 52.3 - 0.07 0.41 10-22 1001 A
EQUITY: VALUE ORIENTED
ICICI Pru Nifty50 Value 20 Index NR 17.1 - - - 0.7 02-24 NR 17.2 - - - 0.25 02-24 69 
Motilal Oswal BSE Enhanced Value NR 9.8 86.6 - 0.33 1.1 08-22 NR 10 87.8 - 0.33 0.45 08-22 795 
Nippon India Nifty 50 Value 20 Index  17.1 44.9 19 0.09 0.76 02-21  17.3 45.7 19.7 0.09 0.25 02-21 799 
UTI Nifty 500 Value 50 Index NR 9.4 85.1 - 0.5 1.03 05-23 NR 9.5 86 - 0.5 0.58 05-23 468 
EQUITY: ELSS
360 ONE ELSS Tax Saver Nifty 50 Index NR 12.3 31.7 - 0.09 0.52 12-22 NR 12.4 32 - 0.09 0.27 12-22 74 
Navi ELSS Tax Saver Nifty 50 Index NR 12.2 30.6 - 0.24 1 03-23 NR 12.4 32.1 - 0.05 0.1 03-23 64 
EQUITY: SECTORAL-BANKING
Axis Nifty Bank Index NR 4.8 - - - 0.97 05-24 NR 5 - - - 0.1 05-24 123 
Bandhan Nifty Bank Index NR - - - - 1.01 08-24 NR - - - - 0.21 08-24 - 
DSP Nifty Bank Index NR - - - - 0.88 05-24 NR - - - - 0.18 05-24 45 
ICICI Pru Nifty Bank Index NR 4.9 16.8 - 0.23 0.82 03-22 NR 5.1 17.4 - 0.12 0.2 03-22 464 
Kotak Nifty Finan Services Ex-Bank Index NR 17.6 35.8 - 0.63 0.73 08-23 NR 17.8 36.6 - 0.63 0.23 08-23 22 
Motilal Oswal BSE Fins ex Bank 30 NR 16.3 38.5 - - 1.01 07-22 NR 16.5 39.5 - - 0.31 07-22 17 
Motilal Oswal Nifty Bank Index  4.9 16.6 12 0.09 1 09-19  5.1 17.4 12.8 0.08 0.33 09-19 606 
Navi Nifty Bank Index NR 4.9 16.7 - 0.06 0.8 02-22 NR 5.1 17.5 - 0.05 0.1 02-22 544 
Nippon India Nifty Bank Index NR 5 - - - 0.83 02-24 NR 5.1 - - - 0.2 02-24 124 
Tata Nifty Financial Services Index NR 8.7 - - - 1.09 04-24 NR 8.9 - - - 0.34 04-24 40 
EQUITY: SECTORAL-INFRASTRUCTURE
Tata Nifty500 Multicap Infra 50:30:20 In NR 11.4 - - - 1.09 04-24 NR 11.7 - - - 0.34 04-24 83 
EQUITY: SECTORAL-PHARMA
Edelweiss MSCI Ind Domstic & World HC 45  18.7 42.5 15.5 2.05 1.03 10-20  18.9 43.3 16.2 2.06 0.5 10-20 148 
ICICI Pru Nifty Pharma Index NR 23.5 52.5 - 0.16 0.93 12-22 NR 23.7 53.5 - 0.15 0.35 12-22 64 
Tata Nifty MidSmall Healthcare Index NR 23.8 - - - 1.09 04-24 NR 24 - - - 0.34 04-24 67 A
EQUITY: SECTORAL-TECHNOLOGY
Axis Nifty IT Index NR 31.9 38.7 - 0.14 1.01 07-23 NR 32.1 39.5 - 0.13 0.3 07-23 128 
Bandhan Nifty IT Index NR 32.1 - - - 1.01 08-23 NR 32.3 - - - 0.36 08-23 23 
ICICI Pru Nifty IT Index NR 32 38.7 - 0.1 0.89 08-22 NR 32.1 39.4 - 0.07 0.37 08-22 433 
Navi Nifty IT Index NR 31.8 - - - 1 03-24 NR 32.1 - - - 0.22 03-24 10 
Nippon India Nifty IT Index NR 31.9 - - - 0.89 02-24 NR 32.1 - - - 0.25 02-24 139 
EQUITY: THEMATIC
DSP Nifty Midcap 150 Quality 50 Index NR 13.4 35.3 - 0.08 1 08-22 NR 13.6 36.2 - 0.08 0.3 08-22 308 a
DSP Nifty Smallcap250 Quality 50 Index NR 24.4 - - - 1.01 12-23 NR 24.6 - - - 0.3 12-23 103 A
Edelweiss Nifty 100 Quality 30 Index NR 14.3 41.6 - 0.1 0.74 05-16 NR 14.5 42.6 - 0.1 0.14 10-21 47 
HDFC NIFTY Realty Index NR 3.3 - - - 0.89 03-24 NR 3.4 - - - 0.4 03-24 115 
ICICI Pru Nifty Auto Index NR 12.2 66.5 - 0.26 0.86 10-22 NR 12.4 67.4 - 0.25 0.42 10-22 150 
All data as of August 31, 2024. Portfolio-related data as of July 31, 2024. *See end of ‘Index Scoreboard’

Mutual Fund Insight October 2024 91

Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.
 SCOREBOARD: INDEX FUNDS
REGULAR DIRECT
Return (%) Tracking Return (%) Tracking
error (%) Launch error (%) Launch AUM Style
Fund Name Rating 3M 1Y 3Y 1Y Expense date Rating 3M 1Y 3Y 1Y Expense date (` cr) box*

Kotak BSE Housing Index NR 8.2 - - - 0.72 08-23 NR 8.3 - - - 0.22 08-23 18 
Motilal Oswal BSE Quality Index NR 11.8 59 - 0.19 1.03 08-22 NR 12 60.2 - 0.21 0.38 08-22 23 
Motilal Oswal Nifty India Defence Index NR - - - - 1.08 07-24 NR - - - - 0.31 07-24 2331 
Navi Nifty India Manufacturing Index NR 10.6 54.8 - 0.2 1 08-22 NR 10.8 56.1 - 0.2 0.22 08-22 48 
Tata Nifty Auto Index NR 12.2 - - - 1.09 04-24 NR 12.4 - - - 0.34 04-24 76 
Tata Nifty India Tourism Index NR - - - - 1.09 07-24 NR - - - - 0.34 07-24 297 A
Tata Nifty Realty Index NR 3.1 - - - 1.09 04-24 NR 3.3 - - - 0.34 04-24 76 
Tata Nifty500 Multicap Ind Manu 50:30:20 NR 13.4 - - - 1.09 04-24 NR 13.6 - - - 0.34 04-24 112 
UTI BSE Housing Index NR 8 42.1 - - 1.02 06-23 NR 8.1 42.7 - - 0.62 06-23 28 
UTI Nifty Midcap 150 Quality 50 Index NR 13.5 35.5 - 0.06 0.9 04-22 NR 13.7 36.1 - 0.06 0.44 04-22 244 a
EQUITY: THEMATIC-PSU
Kotak BSE PSU Index NR - - - - 1.05 07-24 NR - - - - 0.41 07-24 73 
EQUITY: THEMATIC-CONSUMPTION
Groww Nifty Non-Cyclical Consumer Index NR 19.1 - - - 1 05-24 NR 19.3 - - - 0.4 05-24 31 
EQUITY: INTERNATIONAL
ICICI Pru NASDAQ 100 Index NR 6.2 27.6 - 1.57 0.96 10-21 NR 6.4 28.1 - 1.56 0.52 10-21 1415 
Motilal Oswal S&P 500 Index NR 7.4 26.6 12.7 - 1.13 04-20 NR 7.5 27.3 13.3 - 0.62 04-20 3439 
DEBT: SHORT DURATION
Edelweiss CRISIL IBX 50:50 Gilt+SDL SD  2.3 7.8 - 0.39 0.63 02-23  2.5 8.2 - 0.39 0.2 02-23 150 a
EQUITY: MULTI CAP
HDFC Nifty500 Multicap 50:25:25 Index NR - - - - 0.82 08-24 NR - - - - 0.3 08-24 - 
Navi Nifty 500 Multicap 50:25:25 Index NR - - - - 1 08-24 NR - - - - 0.26 08-24 - 
DEBT: TARGET MATURITY
ABSL CRISIL IBX 50:50 Gilt+SDL Apr 2028 NR 2.5 8.2 - 0.4 0.35 10-22 NR 2.5 8.3 - 0.4 0.2 10-22 413 a
ABSL CRISIL IBX Gilt Apr 2028 Index NR 2.3 7.5 - 0.16 0.79 03-23 NR 2.4 7.8 - 0.15 0.49 03-23 28 a
ABSL CRISIL IBX Gilt -Apr 2029 Index NR 2.7 8.6 - 0.38 0.37 10-22 NR 2.7 8.7 - 0.38 0.21 10-22 691 
ABSL CRISIL IBX Gilt April 2033 Index NR 2.6 - - - 0.47 12-23 NR 2.7 - - - 0.22 12-23 84 
ABSL CRISIL IBX Gilt June 2027 Index NR - - - - 0.5 06-24 NR - - - - 0.2 06-24 20 
ABSL CRISIL IBX Gilt-April 2026 Index NR 2 7.5 - 0.96 0.36 10-22 NR 2 7.7 - 0.95 0.2 10-22 337 a
ABSL CRISIL IBX SDL Jun 2032 Index NR 2.7 8.4 - 1.13 0.57 02-23 NR 2.8 8.7 - 1.13 0.22 02-23 141 
ABSL CRSl IBX 60:40 SDL+AAA PSU-Apr 2027 NR 2.1 7.6 - 0.34 0.4 03-22 NR 2.2 7.8 - 0.34 0.2 03-22 1615 a
ABSL IBX 60:40 SDL+ AAA PSU Apr 2026 NR 2 7.3 - 0.29 0.45 12-22 NR 2 7.5 - 0.29 0.2 12-22 51 a
ABSL IBX 60:40 SDL+AAA PSU-Apr 2025 Indx NR 1.8 7.1 - 0.2 0.36 03-22 NR 1.8 7.3 - 0.2 0.21 03-22 243 ^
ABSL Nifty SDL Apr 2027 Index NR 2.3 7.8 - 0.56 0.5 01-22 NR 2.3 8.1 - 0.56 0.2 01-22 4293 a
ABSL Nifty SDL Sep 2025 Index NR 2 7.3 - 0.47 0.35 09-22 NR 2 7.5 - 0.47 0.19 09-22 76 ^
ABSL Nifty SDL Sep 2027 Index NR 2.5 8.1 - 0.77 0.5 03-23 NR 2.6 8.4 - 0.77 0.2 03-23 40 a
ABSL SDL + PSU Bond Sep 2026 60:40 NR 2.1 7.5 - 0.41 0.36 09-21 NR 2.1 7.7 - 0.41 0.2 09-21 10711 a
Axis CRISIL IBX 50:50 Gilt+SDL Jun 2028 NR 2.5 8.1 - 0.47 0.4 01-23 NR 2.6 8.3 - 0.47 0.18 01-23 70 a
Axis CRISIL IBX 50:50 Gilt+SDL Sep 2027 NR 2.4 8 - 0.3 0.4 02-23 NR 2.5 8.2 - 0.29 0.15 02-23 33 a
Axis CRISIL IBX 7030 CPSE + SDL Apl 2025 NR 1.8 7.1 - 0.39 0.3 01-22 NR 1.8 7.2 - 0.39 0.15 01-22 573 ^
Axis CRISIL IBX SDL June 2034 Debt Index NR 2.9 - - - 0.45 03-24 NR 2.9 - - - 0.2 03-24 21 
Axis CRISIL IBX SDL May 2027 Index NR 2.4 8.2 - 0.57 0.31 02-22 NR 2.5 8.3 - 0.57 0.16 02-22 2180 a
Axis Nifty SDL September 2026 Debt Index NR 2.3 7.9 - 0.67 0.31 11-22 NR 2.3 8 - 0.66 0.16 11-22 80 a
Bandhan CRISIL IBX 90:10 SDL+Gilt Apr 32 NR 2.8 8.6 - 4.85 0.35 11-22 NR 2.8 8.8 - 4.85 0.17 11-22 364 
Bandhan CRISIL IBX 90:10 SDL+Gilt Nov 26 NR 2.2 7.8 - 0.98 0.41 11-22 NR 2.3 8.1 - 0.98 0.16 11-22 115 a
Bandhan CRISIL IBX 90:10 SDL+Gilt Sep 27 NR 2.5 8.1 - 0.94 0.41 11-22 NR 2.6 8.4 - 0.94 0.16 11-22 171 a
All data as of August 31, 2024. Portfolio-related data as of July 31, 2024. *See end of ‘Index Scoreboard’

92 Mutual Fund Insight October 2024

Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.
 REGULAR DIRECT
Return (%) Tracking Return (%) Tracking
error (%) Launch error (%) Launch AUM Style
Fund Name Rating 3M 1Y 3Y 1Y Expense date Rating 3M 1Y 3Y 1Y Expense date (` cr) box*

Bandhan Crisil IBX Gilt April 2026 Index NR 2 7.4 - 0.94 0.41 10-22 NR 2.1 7.7 - 0.95 0.16 10-22 486 a
Bandhan CRISIL IBX Gilt April 2028 Index NR 2.4 8 5.3 0.15 0.43 03-21 NR 2.5 8.2 5.6 0.15 0.18 03-21 4922 a
Bandhan Crisil IBX Gilt April 2032 Index NR 2.8 8.7 - 0.29 0.46 02-23 NR 2.8 9 - 0.29 0.2 02-23 397 
Bandhan CRISIL IBX Gilt June 2027 Index NR 2.4 7.9 5.2 0.2 0.43 03-21 NR 2.4 8.2 5.4 0.2 0.18 03-21 8366 a
Baroda BNP Paribas Nifty SDL Dec 2026 NR 2.3 7.8 - 0.77 0.49 01-23 NR 2.4 8.1 - 0.77 0.19 01-23 119 a
Baroda BNP Paribas NIFTY SDL Dec 2028 NR 2.7 8.2 - 1.19 0.49 03-23 NR 2.8 8.5 - 1.19 0.19 03-23 37 
DSP CRISIL SDL+G-Sec Apr 2033 50:50 Ind NR 2.7 8.7 - 0.57 0.41 01-23 NR 2.8 8.9 - 0.57 0.16 01-23 357 
DSP Nifty SDL Plus G-Sec Jun 2028 30:70 NR 2.5 8.2 - 0.38 0.29 03-22 NR 2.5 8.3 - 0.38 0.16 03-22 2264 a
DSP Nifty SDL+G-Sec Sep 2027 50:50 Index NR 2.5 8.1 - 0.47 0.31 02-23 NR 2.5 8.2 - 0.47 0.15 02-23 91 a
Edelweiss CRISIL IBX 50:50 Gilt+SDL 2027 NR 2.4 7.9 - 0.39 0.45 10-22 NR 2.4 8.2 - 0.39 0.2 10-22 94 a
Edelweiss CRISIL IBX 50:50 Gilt+SDL 2028 NR 2.6 8.2 - 0.56 0.45 11-22 NR 2.6 8.4 - 0.56 0.2 11-22 176 
Edelweiss CRISIL IBX 50:50 Gilt+SDL 2037 NR 2.8 9.2 - 0.69 0.46 10-22 NR 2.9 9.4 - 0.69 0.2 10-22 983 
Edelweiss CRISIL PSU+SDL 50:50 Oct 2025 NR 1.9 7.1 - 0.32 0.4 03-22 NR 1.9 7.3 - 0.32 0.21 03-22 861 ^
Edelweiss NIFTY PSU Bond+ Apr 2026 50:50 NR 2 7.3 5.2 0.42 0.4 03-21 NR 2 7.5 5.4 0.42 0.2 03-21 10003 a
Edelweiss NIFTY PSU Bond+ Apr2027 50:50 NR 2.1 7.7 - 0.5 0.4 10-21 NR 2.2 7.9 - 0.5 0.2 10-21 3277 a
HDFC NIFTY G-Sec Apr 2029 Index NR 2.7 8.5 - 0.18 0.37 03-23 NR 2.7 8.7 - 0.18 0.2 03-23 163 
HDFC Nifty G-sec Dec 2026 Index NR 2.1 7.8 - 0.35 0.36 11-22 NR 2.1 8 - 0.35 0.2 11-22 1265 a
HDFC Nifty G-Sec July 2031 Index NR 2.8 8.9 - 0.93 0.37 11-22 NR 2.8 9 - 0.93 0.2 11-22 642 
HDFC Nifty G-Sec Jun 2027 Index NR 2.4 8 - 0.2 0.36 12-22 NR 2.4 8.1 - 0.2 0.2 12-22 749 a
HDFC NIFTY G-Sec Jun 2036 Index NR 2.9 9.7 - 0.81 0.38 03-23 NR 3 9.9 - 0.81 0.2 03-23 819 
HDFC Nifty G-Sec Sep 2032 Index NR 2.7 8.8 - 0.74 0.38 12-22 NR 2.8 8.9 - 0.74 0.2 12-22 591 
HDFC Nifty SDL Oct 2026 Index NR 2.2 7.8 - 0.66 0.36 02-23 NR 2.3 8 - 0.66 0.2 02-23 190 a
HDFC NIFTY SDL+G-Sec Jun 2027 40:60 Ind NR 2.4 8 - 0.35 0.35 03-23 NR 2.4 8.2 - 0.35 0.2 03-23 47 a
HSBC CRISIL IBX 50:50 Gilt+SDL Apr 2028 NR 2.5 8.1 - 0.41 0.43 03-22 NR 2.6 8.3 - 0.41 0.23 03-22 1918 a
HSBC CRISIL IBX Gilt June 2027 Index NR 2.3 7.8 - 0.21 0.45 03-23 NR 2.4 8.1 - 0.21 0.17 03-23 202 a
ICICI Pru Nifty G-Sec Dec 2030 Index NR 2.7 8.5 - 0.83 0.4 10-22 NR 2.8 8.7 - 0.83 0.2 10-22 923 
ICICI Pru Nifty SDL Dec 2028 Index NR 2.7 8.4 - 1.2 0.4 10-22 NR 2.8 8.6 - 1.2 0.2 10-22 949 
ICICI Pru Nifty SDL Sep 2026 Index NR 2.2 7.7 - 0.66 0.41 12-22 NR 2.2 8 - 0.66 0.19 12-22 263 a
ICICI Pru Nifty SDL Sep 2027 Index NR 2.5 8.2 - 0.86 0.37 03-22 NR 2.5 8.4 - 0.86 0.2 03-22 1772 a
ICICI Pru Nty PSU + SDL Sep 2027 40:60 NR 2.3 7.9 - 0.63 0.4 09-21 NR 2.4 8.1 - 0.63 0.2 09-21 8777 a
Invesco India Nifty G-sec Jul 2027 Index NR 2.4 8 - 0.11 0.29 03-23 NR 2.4 8.2 - 0.11 0.14 03-23 67 a
Invesco India Nifty G-sec Sep 2032 Index NR 2.8 8.8 - 0.33 0.29 03-23 NR 2.8 9 - 0.32 0.14 03-23 46 
Kotak Nifty AAA Bond Jun 2025 HTM Index NR 1.8 - - - 0.3 03-24 NR 1.8 - - - 0.15 03-24 24 ^
Kotak Nifty G-Sec July 2033 Index NR 2.6 - - - 0.39 10-23 NR 2.7 - - - 0.14 10-23 16 
Kotak Nifty SDL Apr 2027 Top 12 Equal Wt NR 2.4 8 - 0.73 0.35 02-22 NR 2.4 8.2 - 0.73 0.2 02-22 8129 a
Kotak Nifty SDL Apr 2032 Top 12 Equal Wt NR 2.7 8.5 - 1.41 0.36 02-22 NR 2.8 8.6 - 1.41 0.2 02-22 2833 
Kotak Nifty SDL Jul 2026 Index NR 2.2 7.7 - 0.64 0.41 12-22 NR 2.2 7.9 - 0.64 0.2 12-22 119 a
Kotak Nifty SDL Jul 2033 Index NR 2.7 8.5 - 1.57 0.45 02-23 NR 2.8 8.7 - 1.56 0.22 02-23 213 
Kotak Nifty SDL+AAA PSU Bond 2028 60:40 NR 2.4 7.9 - 0.77 0.4 10-22 NR 2.4 8.1 - 0.77 0.21 10-22 572 
Mirae Asset CRISIL IBX Gilt Indx-Apr2033 NR 2.7 8.6 - 0.25 0.39 10-22 NR 2.8 8.9 - 0.24 0.08 10-22 240 
Mirae Asset Nifty AAA PSU Bond+SDL Apr26 NR 2 7.4 - 0.36 0.37 10-22 NR 2.1 7.6 - 0.36 0.12 10-22 89 a
Mirae Asset Nifty SDL June 2027 Index NR 2.4 8.2 - 0.84 0.33 03-22 NR 2.5 8.3 - 0.84 0.14 03-22 803 a
Mirae Asset Nifty SDL June 2028 Index NR 2.5 8.1 - 1.14 0.49 03-23 NR 2.6 8.5 - 1.14 0.12 03-23 78 
Nippon Ind Nifty AAA Bnd+SDL-Apr27 60:40 NR 2.1 7.6 - 0.37 0.32 03-22 NR 2.1 7.7 - 0.37 0.15 03-22 3487 a
Nippon Ind Nifty AAA PSU Bnd+SDL-Sep2026 NR 2 7.4 - 0.39 0.39 10-22 NR 2.1 7.6 - 0.39 0.2 10-22 443 a
Nippon India Nifty G-Sec Jun 2036 Mtrty NR 2.9 9.6 - 0.74 0.42 12-22 NR 2.9 9.8 - 0.74 0.2 12-22 659 
All data as of August 31, 2024. Portfolio-related data as of July 31, 2024. *See end of ‘Index Scoreboard’

Mutual Fund Insight October 2024 93

Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.
 SCOREBOARD: INDEX FUNDS
REGULAR DIRECT
Return (%) Tracking Return (%) Tracking
error (%) Launch error (%) Launch AUM Style
Fund Name Rating 3M 1Y 3Y 1Y Expense date Rating 3M 1Y 3Y 1Y Expense date (` cr) box*

Nippon India Nifty G-Sec Oct 2028 Mtrty NR 2.4 8.1 - 0.43 0.37 03-23 NR 2.5 8.2 - 0.43 0.2 03-23 113 
Nippon India Nifty G-Sec Sep 2027 Mtrty NR 2.4 7.9 - 0.08 0.41 12-22 NR 2.4 8.1 - 0.08 0.2 12-22 415 a
Nippon India Nifty SDL+G-Sec-Jun 2028 NR 2.5 8.2 - 0.65 0.4 11-22 NR 2.6 8.4 - 0.66 0.2 11-22 383 a
Nippon India Nifty SDL+G-Sec-Jun 2029 NR 2.8 8.5 - 1.01 0.39 02-23 NR 2.8 8.7 - 1.01 0.2 02-23 279 
PGIM India CRISIL IBX Gilt Apr 2028 NR 2.4 7.8 - 0.13 0.51 02-23 NR 2.4 8 - 0.13 0.36 02-23 31 a
SBI CPSE Bond Plus SDL Sep 2026 50:50 NR 2.1 7.5 - 0.4 0.37 01-22 NR 2.1 7.7 - 0.4 0.22 01-22 10157 a
SBI CRISIL IBX Gilt Index-April 2029 NR 2.7 8.4 - 0.4 0.45 10-22 NR 2.7 8.7 - 0.4 0.21 10-22 2168 
SBI CRISIL IBX Gilt Index-June 2036 NR 2.9 9.5 - 3.5 0.54 10-22 NR 3 9.8 - 3.5 0.28 10-22 2484 
SBI CRISIL IBX SDL Index-September 2027 NR 2.5 8.1 - - 0.4 10-22 NR 2.5 8.3 - - 0.23 10-22 1089 a
Tata CRISIL-IBX Gilt Index-April 2026 NR 2 7.5 - 0.95 0.34 09-22 NR 2.1 7.7 - 0.95 0.1 09-22 1108 a
Tata Nifty G-Sec Dec 2026 Index NR 2.1 7.7 - 0.42 0.45 01-23 NR 2.2 8 - 0.42 0.15 01-23 117 a
Tata Nifty G-Sec Dec 2029 Index NR 2.6 8.4 - 0.26 0.45 01-23 NR 2.7 8.7 - 0.26 0.14 01-23 176 
Tata Nifty SDL+AAA PSU Bond Dec 27 60:40 NR 2.3 7.9 - 0.71 0.46 03-22 NR 2.4 8.1 - 0.71 0.22 03-22 862 a
UTI CRISIL SDL Maturity April 2033 Index NR 2.7 8.6 - 3.6 0.42 12-22 NR 2.8 8.8 - 3.6 0.18 12-22 321 
UTI CRISIL SDL Maturity June 2027 Index NR 2.4 8 - 0.61 0.41 01-23 NR 2.4 8.3 - 0.61 0.18 01-23 81 a
UTI Nifty SDL+AAA PSU Bond Apr2026 75:25 NR 2.1 7.5 - 0.51 0.42 02-23 NR 2.1 7.7 - 0.51 0.19 02-23 176 a
UTI Nifty SDL+AAA PSU Bond Apr2028 75:25 NR 2.5 8 - 0.87 0.42 03-23 NR 2.5 8.3 - 0.87 0.17 03-23 41 
All data as of August 31, 2024. Portfolio-related data as of July 31, 2024. *See end of ‘Index Scoreboard’

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 SCOREBOARD: ETFs
Avg. Returns (%)
Premium/ Assets Expense 1 year 3 years 5 years Tracking Error (%)
ETF Name NAV (`) Price (`) (Discount) (` cr) Ratio NAV Price NAV Price NAV Price 1 year 3 years 5 years Liquidity

EQUITY: LARGE CAP

ABSL BSE Sensex ETF 81.35 81.20 0.03 525 0.08 28.4 28.3 14.1 - 18.4 - -0.1 -0.1 -0.1 Low
ABSL Nifty 200 Momentum 30 ETF 37.54 37.51 0.16 68 0.32 68.4 68.1 - - - - -0.5 - - Moderate
ABSL Nifty 50 ETF 28.95 28.90 0.01 2667 0.06 32.5 32.4 15.1 15.0 19.3 19.6 -0.1 -0.1 -0.1 Moderate
ABSL Nifty Next 50 ETF 78.03 77.93 0.14 56 0.17 70.5 70.0 22.8 23.0 24.1 24.1 -0.1 -0.2 -0.2 Moderate
Axis BSE Sensex ETF 83.71 83.87 0.32 131 0.20 28.3 28.6 - - - - -0.3 - - Low
Axis Nifty 50 ETF 273.44 273.85 0.03 780 0.07 32.5 32.1 15.1 15.3 19.2 19.1 -0.1 -0.1 -0.2 Moderate
Bajaj FinServ Nifty 50 ETF 254.36 255.40 0.12 160 0.04 - - - - - - - - - Moderate
Bandhan BSE Sensex ETF 883.40 880.35 0.20 1 0.40 28.0 33.1 13.7 13.3 18.0 18.6 -0.6 -0.5 -0.5 Low
Bandhan Nifty 50 ETF 273.23 272.65 0.13 27 0.09 32.4 31.5 15.0 15.0 19.1 18.6 -0.2 -0.1 -0.3 Low
BHARAT 22 ETF 118.76 119.00 0.10 20683 0.07 69.2 69.6 42.1 42.4 29.1 29.4 -0.7 -0.5 -0.3 High
DSP BSE Sensex ETF 83.31 84.21 0.27 8 0.20 28.3 - - - - - -0.3 - - Low
DSP NIFTY 50 Equal Weight ETF 333.75 333.15 0.19 239 0.30 43.9 43.3 - - - - -0.5 - - High
DSP Nifty 50 ETF 260.25 260.65 0.08 425 0.07 32.5 31.8 - - - - -0.1 - - Moderate
HDFC BSE Sensex ETF 91.55 91.58 -0.23 567 0.05 28.5 28.2 14.1 14.3 18.4 18.4 -0.1 -0.1 -0.1 Moderate
HDFC NIFTY 100 ETF 26.77 26.74 -0.26 16 0.30 37.8 37.2 - - - - -0.5 - - Moderate
HDFC Nifty 50 ETF 278.44 278.55 0.13 3796 0.05 32.5 32.0 15.1 15.1 19.2 19.2 -0.1 -0.1 -0.2 High
HDFC NIFTY NEXT 50 ETF 76.00 76.06 -0.24 46 0.15 70.3 70.2 - - - - -0.4 - - Moderate
HDFC NIFTY100 Low Volatility 30 ETF 20.92 20.86 -0.31 11 0.30 40.9 40.7 - - - - -0.6 - - Low
HDFC NIFTY200 Momentum 30 ETF 37.33 37.20 -0.09 69 0.30 67.9 62.1 - - - - -1.0 - - Moderate
ICICI Pru BSE Sensex ETF 927.52 924.38 0.15 11241 0.03 28.6 27.9 14.1 14.2 18.5 18.4 -0.1 0.0 -0.1 Moderate
ICICI Pru Nifty 100 ETF 28.99 29.05 -0.27 92 0.48 37.6 37.6 15.5 15.6 19.4 19.5 -0.7 -0.6 -0.6 Moderate
ICICI Pru Nifty 200 Momentum 30 ETF 37.78 37.80 0.17 268 0.30 68.1 68.1 - - - - -0.8 - - High
ICICI Pru Nifty 50 ETF 279.90 279.63 0.03 18557 0.03 32.5 32.2 15.1 15.1 19.3 19.1 -0.1 0.0 -0.1 High
ICICI Pru Nifty Alpha Low- Voltly 30 ETF 31.20 31.28 -0.23 1262 0.42 58.6 58.9 21.3 21.4 - - -0.9 -0.7 - High
ICICI Pru Nifty Next 50 ETF 78.28 78.48 0.12 821 0.10 70.4 70.6 22.7 23.0 24.0 24.2 -0.3 -0.2 -0.3 High
ICICI Pru Nifty100 Low Volatility 30 ETF 22.52 22.55 -0.23 3181 0.42 40.8 40.7 17.4 17.4 20.7 20.8 -0.7 -0.6 -0.6 High
Invesco India Nifty 50 ETF 2836.12 2834.85 0.08 91 0.10 32.4 30.5 15.0 14.9 19.2 19.1 -0.2 -0.1 -0.2 Low
Kotak BSE Sensex ETF 88.75 88.98 0.33 29 0.20 28.3 28.4 13.8 14.1 18.2 18.3 -0.3 -0.3 -0.4 Low
Kotak Nifty 100 Low Volatility 30 ETF 21.31 21.43 0.07 136 0.09 41.2 41.5 - - - - -0.2 - - Moderate
Kotak Nifty 50 ETF 274.04 273.71 0.05 2559 0.04 32.5 32.2 15.0 14.9 19.1 19.2 -0.1 -0.2 -0.2 High
Kotak Nifty Alpha 50 ETF 57.92 57.91 0.18 265 0.30 72.5 72.8 - - - - -2.3 - - High
LIC MF BSE Sensex ETF 912.78 906.04 -0.11 847 0.10 28.5 27.5 14.0 14.0 18.4 15.8 -0.2 -0.1 -0.1 Low
LIC MF Nifty 100 ETF 283.41 281.15 -0.16 747 0.28 37.7 35.9 15.8 19.1 19.6 19.9 -0.6 -0.3 -0.4 Low
LIC MF Nifty 50 ETF 277.34 277.11 -0.21 851 0.06 32.4 32.0 15.0 15.2 19.2 19.6 -0.3 -0.1 -0.2 Low
Mirae Asset BSE Sensex ETF 83.29 83.23 0.18 16 0.05 - - - - - - - - - Low
Mirae Asset Nifty 100 Low Vol 30 ETF 209.41 209.50 0.10 12 0.09 41.0 41.3 - - - - -0.5 - - Low
Mirae Asset Nifty 200 Alpha 30 ETF 29.51 29.60 0.33 228 0.38 - - - - - - - - - High
Mirae Asset Nifty 50 ETF 268.72 269.14 0.07 2917 0.04 32.5 32.6 15.1 15.1 19.2 19.4 -0.1 -0.1 -0.1 High
Mirae Asset Nifty Next 50 ETF 765.08 765.72 0.07 258 0.05 70.3 70.2 22.6 22.7 - - -0.4 -0.3 - Moderate
Motilal Oswal BSE Low Volatility ETF 39.26 39.34 0.11 77 0.37 40.0 39.8 - - - - - - - Moderate
Motilal Oswal Nifty 200 Momentum 30 ETF 75.19 75.50 0.16 104 0.30 68.3 69.0 - - - - -0.6 - - Moderate
Motilal Oswal Nifty 50 ETF 258.66 258.88 0.10 45 0.06 32.5 31.9 15.1 15.3 19.1 19.3 -0.1 0.0 -0.2 Moderate
Navi Nifty 50 ETF 254.72 253.69 0.63 7 0.05 - - - - - - - - - Moderate

Liquidity classification is based on average daily trading volume (ADTV). ETFs with ADTV in excess of `1 crore have been classified as having “High” liquidity, those between `10 lakh and `1 crore as having “Moderate”
liquidity and those with less than `10 lakh as having “Low” liquidity.

Mutual Fund Insight October 2024 95

Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.
 SCOREBOARD: ETFs
Avg. Returns (%)
Premium/ Assets Expense 1 year 3 years 5 years Tracking Error (%)
ETF Name NAV (`) Price (`) (Discount) (` cr) Ratio NAV Price NAV Price NAV Price 1 year 3 years 5 years Liquidity

Nippon Ind ETF Nifty Next 50 Junior BeES 802.30 801.80 0.15 5374 0.17 70.2 70.0 22.6 22.7 24.0 24.0 -0.4 -0.3 -0.3 High
Nippon India ETF BSE Sensex 927.75 927.29 0.09 9903 0.04 28.5 27.8 14.1 14.3 18.4 18.4 0.0 0.0 -0.1 Moderate
Nippon India ETF BSE Sensex Next 50 89.96 89.85 0.12 43 0.23 55.4 54.9 24.7 24.9 24.6 25.1 -0.7 -0.5 -1.0 Low
Nippon India ETF Nifty 100 275.67 273.76 0.11 261 0.50 37.5 36.2 15.5 15.4 19.1 18.9 -0.8 -0.6 -0.9 Moderate
Nippon India ETF Nifty 50 BeES 281.40 281.08 0.04 31055 0.04 32.5 32.1 15.1 15.1 19.2 19.2 -0.1 -0.1 -0.1 High
Nippon India ETF Nifty 50 Shariah BeES 593.99 595.52 0.08 21 0.96 38.5 38.7 10.0 10.1 18.6 18.9 -1.8 -1.2 -1.3 Moderate
Quantum Nifty 50 ETF 2722.32 2724.91 0.06 60 0.10 32.5 32.4 15.1 15.3 19.2 19.4 -0.2 -0.1 -0.2 Moderate
SBI BSE 100 ETF 291.02 291.53 0.17 10 0.14 36.7 36.8 16.8 17.2 20.4 20.5 -0.2 -0.2 -0.3 Low
SBI BSE Sensex ETF 899.56 900.80 0.09 123086 0.04 28.5 28.4 14.0 14.3 18.4 17.9 -0.1 -0.1 -0.1 High
SBI BSE Sensex Next 50 ETF 920.17 922.82 0.13 19 0.12 55.7 55.9 25.0 25.2 24.9 25.1 -0.4 -0.2 -0.6 Low
SBI Nifty 50 Equal Weight ETF 32.53 32.47 0.04 20 0.30 - - - - - - - - - Low
SBI Nifty 50 ETF 266.00 265.79 0.03 202237 0.04 32.5 32.2 15.1 15.1 19.2 18.6 -0.1 -0.1 -0.2 High
SBI Nifty Next 50 ETF 794.59 796.07 0.11 3021 0.15 70.4 70.4 22.7 22.6 24.0 24.0 -0.3 -0.2 -0.3 High
Tata Nifty 50 ETF 269.11 268.70 0.15 704 0.07 32.4 32.0 15.1 9.1 19.3 19.6 -0.2 -0.1 -0.1 Moderate
UTI BSE Sensex ETF 893.98 901.98 0.22 45161 0.05 28.5 29.6 14.1 14.6 18.1 17.9 -0.1 -0.1 -0.4 Moderate
UTI BSE Sensex Next 50 ETF 91.68 91.74 0.08 20 0.20 55.8 56.0 25.0 25.4 24.9 24.2 -0.3 -0.2 -0.7 Low
UTI Nifty 50 ETF 273.83 273.81 -0.30 58573 0.05 32.5 31.9 15.1 15.3 19.2 18.7 -0.1 -0.1 -0.2 High
UTI Nifty Next 50 ETF 79.95 80.13 0.12 2494 0.15 70.4 70.5 22.7 23.1 24.2 24.8 -0.3 -0.2 -0.1 Moderate
Zerodha Nifty 100 ETF 10.82 10.85 0.08 19 0.22 - - - - - - - - - Moderate
EQUITY: LARGE & MIDCAP
ICICI Pru BSE Midcap Select ETF 18.74 18.76 -0.27 69 0.15 57.7 57.6 22.8 23.0 25.8 25.9 - - - Moderate
EQUITY: FLEXI CAP
HDFC BSE 500 ETF 37.97 37.73 0.70 16 0.30 40.7 33.3 - - - - -0.4 - - Moderate
ICICI Pru BSE 500 ETF 39.95 39.90 0.12 281 0.32 40.6 40.3 18.5 18.7 22.4 22.4 -0.5 -0.4 -0.4 High
Motilal Oswal Nifty 500 ETF 23.92 23.78 0.15 67 0.21 - - - - - - - - - Moderate
EQUITY: MID CAP
HDFC NIFTY Midcap 150 ETF 22.05 22.02 -0.23 49 0.20 49.7 49.4 - - - - -0.4 - - Moderate
ICICI Pru Nifty Midcap 150 ETF 22.49 22.46 -0.28 401 0.15 49.8 49.9 27.6 27.6 - - -0.3 -0.3 - High
Kotak Nifty Midcap 50 ETF 168.65 168.68 0.20 32 0.05 49.3 49.3 - - - - -0.3 - - Moderate
LIC MF Nifty Midcap 100 ETF 59.34 58.52 -0.61 734 0.16 - - - - - - - - - Moderate
Mirae Asset Nifty Midcap 150 ETF 22.19 22.19 0.02 815 0.05 49.9 49.7 - - - - -0.2 - - High
Motilal Oswal Nifty Midcap 100 ETF 63.41 63.49 0.15 509 0.22 52.4 52.6 28.6 29.0 31.2 31.4 0.0 -0.3 -0.4 High
Nippon India ETF Nifty Midcap 150 225.18 224.76 0.14 1840 0.21 49.8 49.7 27.6 27.4 31.5 31.5 -0.3 -0.3 -0.4 High
UTI Nifty Midcap 150 ETF 219.91 220.00 0.04 6 0.20 - - - - - - - - - Low
Zerodha Nifty Midcap 150 ETF 10.82 10.81 0.14 19 0.18 - - - - - - - - - Moderate
EQUITY: SMALL CAP
HDFC NIFTY Smallcap 250 ETF 182.64 183.07 0.19 434 0.20 52.7 51.5 - - - - -0.6 - - High
Motilal Oswal Nifty Smallcap 250 ETF 18.23 18.29 0.21 45 0.30 - - - - - - - - - High
EQUITY: VALUE ORIENTED
HDFC NIFTY50 Value 20 ETF 147.84 147.87 0.28 32 0.15 45.9 45.3 - - - - -0.5 - - Moderate
ICICI Pru Nifty50 Value 20 ETF 16.04 16.03 -0.28 153 0.25 45.8 45.7 19.8 19.8 24.1 24.0 -0.6 -0.4 -1.0 Moderate
Kotak Nifty 50 Value 20 ETF 163.85 163.80 0.18 74 0.14 46.0 45.4 20.0 20.1 24.1 24.2 -0.3 -0.3 -1.0 Moderate
Motilal Oswal BSE Enhanced Value ETF 111.30 111.50 0.24 113 0.30 89.6 90.5 - - - - -1.2 - - High
Nippon India ETF Nifty 50 Value 20 164.56 164.23 0.15 170 0.26 45.6 45.3 19.7 19.8 24.1 24.1 -0.8 -0.5 -0.9 Moderate
Liquidity classification is based on average daily trading volume (ADTV). ETFs with ADTV in excess of `1 crore have been classified as having “High” liquidity, those between `10 lakh and `1 crore as having “Moderate”
liquidity and those with less than `10 lakh as having “Low” liquidity.

96 Mutual Fund Insight October 2024

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 Avg. Returns (%)
Premium/ Assets Expense 1 year 3 years 5 years Tracking Error (%)
ETF Name NAV (`) Price (`) (Discount) (` cr) Ratio NAV Price NAV Price NAV Price 1 year 3 years 5 years Liquidity

EQUITY: SECTORAL-BANKING
ABSL Nifty Bank ETF 52.16 52.05 0.01 2704 0.17 17.6 17.0 12.9 12.8 - - -0.2 -0.2 - High
Axis NIFTY Bank ETF 524.92 525.55 0.04 271 0.19 17.5 17.3 12.8 13.0 - - -0.3 -0.2 - Moderate
Bajaj FinServ Nifty Bank ETF 51.68 51.74 0.21 235 0.13 - - - - - - - - - High
Baroda BNP Paribas Nifty Bank ETF 51.33 51.27 0.15 11 0.15 - - - - - - - - - Moderate
DSP Nifty Bank ETF 52.09 52.00 0.12 531 0.16 17.6 17.2 - - - - -0.2 - - High
DSP Nifty Private Bank ETF 25.92 25.84 0.16 172 0.14 12.8 13.0 - - - - -0.1 - - Moderate
DSP Nifty PSU Bank ETF 70.01 70.05 0.22 43 0.45 56.9 56.7 - - - - -0.6 - - Moderate
HDFC NIFTY Bank ETF 52.38 52.40 -0.34 2468 0.16 17.5 17.3 12.8 12.9 - - -0.3 -0.3 - High
HDFC NIFTY Private Bank ETF 26.01 26.02 -0.27 333 0.15 12.7 12.9 - - - - -0.2 - - Moderate
HDFC Nifty PSU Bank ETF 70.27 70.43 0.17 23 0.35 - - - - - - - - - Moderate
ICICI Pru Nifty Bank ETF 52.23 52.32 0.02 2989 0.15 17.6 17.9 12.9 12.9 13.7 13.8 -0.2 -0.2 -0.3 High
ICICI Pru Nifty Fin Services Ex-Bank ETF 27.15 27.12 0.05 86 0.20 38.4 38.4 - - - - -0.3 - - Moderate
ICICI Pru Nifty Private Bank ETF 25.79 25.74 -0.28 2483 0.15 12.8 12.4 11.5 11.4 10.9 10.9 -0.2 -0.2 -0.5 High
ICICI Pru Nifty PSU Bank ETF 70.55 70.60 0.13 69 0.40 57.2 57.2 - - - - -0.3 - - High
Kotak Nifty Bank ETF 528.18 527.20 -0.02 5858 0.15 17.5 17.2 12.8 12.7 13.4 13.4 -0.2 -0.3 -0.6 High
Kotak Nifty PSU Bank ETF 697.69 696.35 0.09 1403 0.49 56.8 56.2 45.0 44.7 23.2 22.5 -0.7 -0.9 -0.8 High
Mirae Asset Nifty Bank ETF 517.86 517.78 -0.02 148 0.09 17.6 - - - - - -0.1 - - Moderate
Mirae Asset Nifty Financial Services ETF 24.22 24.21 -0.01 297 0.12 21.6 21.4 10.3 10.3 - - -0.2 -0.1 - Moderate
Nippon India ETF Nifty Bank BeES 527.29 526.73 0.03 6753 0.19 17.5 17.3 12.9 12.8 13.5 13.4 -0.2 -0.2 -0.5 High
Nippon India ETF Nifty PSU Bank BeES 77.83 77.73 0.08 2586 0.49 56.8 56.1 45.1 45.0 23.3 23.2 -0.7 -0.8 -0.7 High
SBI Nifty Bank ETF 522.84 523.28 0.03 4525 0.20 17.5 17.6 12.8 12.8 13.5 13.5 -0.2 -0.2 -0.5 High
SBI Nifty Private Bank ETF 260.73 260.61 0.16 165 0.15 12.7 12.4 11.4 11.4 - - -0.2 -0.3 - Moderate
Tata Nifty Private Bank ETF 264.35 264.68 0.12 10 0.13 12.9 13.0 11.5 13.0 - - -0.1 -0.3 - Low
UTI Nifty Bank ETF 52.60 52.64 0.03 3492 0.16 17.6 17.7 13.0 13.1 - - -0.2 -0.1 - High
EQUITY: SECTORAL-INFRASTRUCTURE
ICICI Pru Nifty Infrastructure ETF 96.50 96.31 0.11 137 0.50 58.9 58.3 - - - - -0.8 - - High
Nippon India ETF Nifty Infra BeES 975.79 974.34 0.16 203 1.04 57.9 57.7 26.0 26.1 25.7 25.6 -1.9 -1.4 -1.6 High
EQUITY: SECTORAL-PHARMA
ABSL Nifty Healthcare ETF 14.83 14.87 0.03 32 0.22 54.5 54.7 - - - - 0.5 - - Moderate
Axis NIFTY Healthcare ETF 147.11 147.56 0.02 19 0.34 53.4 53.7 17.0 18.1 - - -0.6 -0.4 - Low
DSP Nifty Healthcare ETF 145.55 145.91 0.06 10 0.20 - - - - - - - - - Low
ICICI Pru Nifty Healthcare ETF 147.73 147.95 0.05 130 0.15 53.7 53.8 17.2 17.4 - - -0.2 -0.2 - Moderate
Motilal Oswal BSE Healthcare ETF 43.56 43.62 0.19 15 0.22 55.2 52.0 - - - - -0.5 - - Moderate
Nippon India Nifty Pharma ETF 23.68 23.74 0.01 706 0.21 54.4 54.9 18.0 18.2 - - -0.4 -0.3 - High
EQUITY: SECTORAL-TECHNOLOGY
ABSL Nifty IT ETF 44.65 44.57 0.07 86 0.21 39.4 39.2 - - - - -0.7 - - Moderate
Axis NIFTY IT ETF 453.85 453.46 0.04 154 0.23 39.7 39.2 9.2 9.4 - - -0.5 -0.3 - Moderate
DSP Nifty IT ETF 43.54 43.38 0.12 40 0.20 39.6 - - - - - -0.5 - - Moderate
HDFC NIFTY IT ETF 43.95 43.91 -0.26 57 0.20 39.7 39.6 - - - - -0.4 - - Moderate
ICICI Pru Nifty IT ETF 45.69 45.78 0.04 483 0.20 39.8 40.2 9.3 9.4 - - -0.3 -0.2 - High
Kotak Nifty IT ETF 45.49 45.58 0.09 268 0.09 39.8 40.1 9.3 9.4 - - -0.3 -0.2 - Moderate
Mirae Asset Nifty IT ETF 43.53 43.25 0.21 141 0.10 - - - - - - - - - High
Nippon India ETF Nifty IT 45.75 45.67 0.02 2387 0.22 39.7 39.6 9.2 9.2 - - -0.4 -0.3 - High
Liquidity classification is based on average daily trading volume (ADTV). ETFs with ADTV in excess of `1 crore have been classified as having “High” liquidity, those between `10 lakh and `1 crore as having “Moderate”
liquidity and those with less than `10 lakh as having “Low” liquidity.

Mutual Fund Insight October 2024 97

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 SCOREBOARD: ETFs
Avg. Returns (%)
Premium/ Assets Expense 1 year 3 years 5 years Tracking Error (%)
ETF Name NAV (`) Price (`) (Discount) (` cr) Ratio NAV Price NAV Price NAV Price 1 year 3 years 5 years Liquidity

SBI Nifty IT ETF 456.74 456.17 0.07 116 0.22 39.7 39.7 9.2 9.2 - - -0.4 -0.3 - Moderate
Tata Nifty India Digital ETF 98.48 98.28 0.04 104 0.40 53.7 53.2 - - - - -0.7 - - Moderate
UTI Nifty IT ETF 432.04 433.12 0.11 6 0.19 - - - - - - - - - Moderate
EQUITY: THEMATIC
ABSL Nifty 200 Quality 30 ETF 23.30 23.27 0.05 46 0.30 44.9 44.7 - - - - -0.5 - - Moderate
DSP Nifty Midcap 150 Quality 50 ETF 259.96 260.53 0.15 101 0.30 36.2 36.6 - - - - -0.3 - - Moderate
Groww Nifty EV & New Age Automotive ETF 33.89 34.01 0.39 - 0.47 - - - - - - - - - High
HDFC NIFTY Growth Sectors 15 ETF 129.98 130.25 0.09 12 0.30 33.5 33.2 - - - - -0.6 - - Low
HDFC NIFTY100 Quality 30 ETF 62.08 62.26 0.08 13 0.30 42.6 41.8 - - - - -0.3 - - Low
ICICI Pru Nifty 200 Quality 30 ETF 23.10 23.15 -0.23 70 0.30 44.8 45.2 - - - - -0.6 - - Moderate
ICICI Pru Nifty Auto ETF 26.73 26.69 -0.29 85 0.20 68.0 67.3 - - - - -0.3 - - Moderate
ICICI Pru Nifty Commodities ETF 95.51 95.53 0.11 39 0.30 52.9 52.7 - - - - -0.5 - - Moderate
ICICI Pru Nifty FMCG ETF 66.07 66.13 -0.29 334 0.20 25.5 25.6 18.7 18.8 - - -0.3 -0.3 - High
ICICI Pru Nifty Metal ETF 9.40 9.41 0.25 - 0.40 - - - - - - - - - High
ICICI Pru Nifty Oil & Gas ETF 13.51 13.54 0.23 27 0.40 - - - - - - - - - High
Mirae Asset Nfty MidSC400 MomQlty 100ETF 54.88 55.05 0.27 243 0.36 - - - - - - - - - High
Mirae Asset Nifty EV&New Age Automtv ETF 33.93 33.90 0.13 114 0.40 - - - - - - - - - High
Mirae Asset Nifty Ind Manufacturing ETF 153.72 153.53 0.07 213 0.45 56.4 56.0 - - - - -0.8 - - Moderate
Mirae Asset Nifty SC 250 Mom Qlty100 ETF 53.49 53.56 0.31 323 0.38 - - - - - - - - - High
Motilal Oswal BSE Quality ETF 216.21 216.38 0.31 19 0.30 60.9 60.5 - - - - -0.8 - - Low
Motilal Oswal Nifty India Defence ETF 75.87 76.24 0.50 - 0.40 - - - - - - - - - Moderate
Motilal Oswal Nifty Realty ETF 105.42 105.17 0.21 50 0.40 - - - - - - - - - High
Nippon India ETF Nifty Dividend Opp 50 88.18 88.27 0.13 63 0.37 59.2 59.3 26.1 26.4 25.2 25.3 -1.0 -0.5 -0.4 Moderate
Nippon India Nifty Auto ETF 267.12 266.66 0.09 217 0.22 67.8 67.2 - - - - -0.5 - - High
SBI Nifty 200 Quality 30 ETF 243.35 242.56 0.10 110 0.50 44.5 44.2 17.3 17.2 20.9 20.9 -0.9 -0.7 -0.7 Moderate
EQUITY: THEMATIC-CONSUMPTION
Axis NIFTY India Consumption ETF 123.22 123.23 0.05 16 0.38 46.2 47.0 - - - - -0.8 - - Low
ICICI Pru Nifty India Consumption ETF 123.70 123.97 0.05 46 0.20 46.6 47.1 - - - - -0.4 - - Moderate
Kotak NIFTY India Consumption ETF 122.51 122.31 0.16 2 0.10 46.7 46.6 - - - - -0.3 - - Low
Nippon India ETF Nifty India Consumption 133.22 133.91 0.09 86 0.31 46.4 47.1 21.3 22.0 21.7 21.9 -0.6 -0.5 -0.5 Moderate
SBI Nifty Consumption ETF 123.37 123.48 0.07 16 0.29 46.5 46.8 21.3 21.7 - - -0.5 -0.4 - Low
EQUITY: THEMATIC-ESG
Mirae Asset Nfty100 ESG Sec Leaders ETF 42.71 42.69 -0.04 138 0.53 35.4 35.5 13.4 13.4 - - -1.0 -0.8 - Moderate
EQUITY: THEMATIC-MNC
Kotak Nifty MNC ETF 31.38 31.59 0.30 23 0.30 42.1 42.1 - - - - -0.5 - - Low
EQUITY: THEMATIC-PSU
ABSL Nifty PSE ETF 11.54 11.52 0.29 45 0.20 - - - - - - - - - Moderate
CPSE ETF 103.46 103.39 0.04 46793 0.07 116.4 115.8 58.4 58.6 35.7 35.8 -0.7 -0.7 -0.5 High
EQUITY: INTERNATIONAL
Mirae Asset Hang Seng TECH ETF 12.79 13.61 4.50 244 0.60 -12.8 -8.2 - - - - -0.6 - - High
Mirae Asset NYSE FANG+ ETF 92.03 94.77 3.79 2322 0.66 42.9 48.5 19.5 21.0 - - 2.7 1.6 - High
Mirae Asset S&P 500 Top 50 ETF 43.69 43.31 2.19 737 0.65 31.8 31.6 - - - - 1.2 - - High
Motilal Oswal NASDAQ 100 ETF 160.23 159.94 -0.14 7996 0.58 27.9 29.2 12.8 12.1 24.3 23.8 0.9 0.5 0.4 High
Motilal Oswal Nasdaq Q50 ETF 63.89 63.00 2.14 47 0.47 16.1 18.1 - - - - - - - Moderate
Liquidity classification is based on average daily trading volume (ADTV). ETFs with ADTV in excess of `1 crore have been classified as having “High” liquidity, those between `10 lakh and `1 crore as having “Moderate”
liquidity and those with less than `10 lakh as having “Low” liquidity.

98 Mutual Fund Insight October 2024

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 Avg. Returns (%)
Premium/ Assets Expense 1 year 3 years 5 years Tracking Error (%)
ETF Name NAV (`) Price (`) (Discount) (` cr) Ratio NAV Price NAV Price NAV Price 1 year 3 years 5 years Liquidity

Nippon India ETF Hang Seng BeES 274.99 289.23 4.55 505 0.93 3.1 7.7 -4.7 -4.3 -1.4 -0.9 -0.9 -0.7 -0.8 High
DEBT: LIQUID
Bajaj Finserv Nifty 1D Rate Liquid ETF 1000.00 1000.00 0.00 11 0.19 - - - - - - - - - High
DSP BSE Liquid Rate ETF 1027.87 1028.22 0.01 1141 0.35 - - - - - - - - - High
DSP NIFTY 1D Rate Liquid ETF 1000.00 1000.00 0.00 1208 0.35 6.5 0.0 5.3 0.0 4.4 0.0 -0.4 -0.4 -0.4 High
HDFC NIFTY 1D RATE LIQUID ETF 1000.00 - - 25 0.50 6.2 - - - - - -0.6 - - -
ICICI Pru BSE Liquid Rate ETF 1000.00 999.99 0.00 3700 0.25 6.5 0.0 5.4 0.0 4.5 0.0 - - - High
Kotak Nifty 1D Rate Liquid ETF 1005.75 1005.93 0.00 51 0.19 6.6 0.6 - - - - -0.2 - - High
Mirae Asset Nifty 1D Rate Liquid ETF 1000.00 - - 496 0.26 6.5 - - - - - -0.3 - - -
Nippon India ETF Nifty 1DRate LiquidBeES 1000.00 1000.00 0.00 13251 0.69 5.8 0.0 4.8 0.0 3.8 0.0 -1.0 -0.9 -1.1 High
SBI NIFTY 1D Rate ETF 1000.17 - - 39 0.35 - - - - - - - - - -
Shriram Nifty 1D Rate Liquid ETF 1010.09 1009.91 0.00 15 0.39 - - - - - - - - - Moderate
Zerodha Nifty 1D Rate Liquid ETF 104.04 104.06 0.01 1698 0.26 - - - - - - - - - High
DEBT: OVERNIGHT
ABSL CRISIL Liquid Overnight ETF 1000.00 999.99 0.00 46 0.43 6.4 0.0 - - - - -0.4 - - High
DEBT: GILT
ABSL CRISIL Broad Based Gilt ETF 101.94 102.14 0.34 41 0.19 - - - - - - - - - Low
ICICI Pru Nifty 5 yr Benchmark G-SEC ETF 57.54 57.92 0.43 79 0.20 8.6 8.7 - - - - -0.3 - - Low
LIC MF Nifty 8-13 yr G-Sec ETF 26.07 26.14 0.11 2088 0.16 8.8 8.9 5.4 5.9 5.7 5.6 -0.2 -0.3 -0.3 Low
Mirae Asset Nifty 8-13 yr G-Sec ETF 26.84 26.90 0.43 84 0.10 8.8 8.0 - - - - -0.2 - - Low
Motilal Oswal Nifty 5Y G-Sec ETF 57.09 57.40 0.03 89 0.24 8.5 9.0 5.4 5.6 - - -0.4 -0.4 - Moderate
Nippon India ETF Nifty 5Y Benchmark GSec 57.50 57.55 0.04 170 0.09 8.8 8.9 5.7 - - - -0.1 -0.2 - High
Nippon India ETF Nifty 8-13Y GS LT Gilt 26.48 26.55 0.12 1951 0.10 8.8 9.1 5.3 5.7 5.7 5.7 -0.1 -0.3 -0.3 High
UTI Nifty 5 yr Benchmark G-Sec ETF 57.90 58.00 1.77 1 0.20 - - - - - - - - - Low
DEBT: GILT WITH 10 YEAR CONSTANT DURATION
ABSL CRISIL 10 Year Gilt ETF 100.46 100.81 0.16 - 0.10 - - - - - - - - - Moderate
ICICI Pru Nifty 10yr Benchmark G-Sec ETF 236.59 237.80 0.20 521 0.14 8.6 9.1 - - - - -0.2 - - Low
SBI Nifty 10Y Benchmark G-Sec ETF 236.80 236.46 0.23 3034 0.14 8.7 8.4 5.0 5.0 5.0 3.9 -0.2 -0.1 -0.1 Moderate
UTI Nifty 10 yr Benchmark G-Sec ETF 23.89 24.13 1.41 1 0.25 - - - - - - - - - Low
COMMODITIES: GOLD
ABSL Gold ETF 64.05 64.27 0.18 770 0.54 19.8 20.2 14.1 14.2 11.8 12.7 -1.1 -1.0 -0.8 Moderate
Axis Gold ETF 60.93 60.93 0.22 916 0.53 20.2 20.3 14.2 14.2 11.7 12.4 -1.1 -0.9 -0.8 High
Baroda BNP Paribas Gold ETF 70.98 71.10 0.22 66 0.48 - - - - - - - - - Low
DSP Gold ETF 70.96 71.19 0.23 513 0.48 19.9 - - - - - -1.1 - - High
Edelweiss Gold ETF 73.31 73.15 0.19 51 0.35 - - - - - - - - - Moderate
HDFC Gold ETF 62.36 62.84 0.21 5076 0.59 20.0 20.9 14.1 14.4 11.6 12.5 -1.2 -1.0 -1.0 High
ICICI Pru Gold ETF 62.37 62.57 0.29 4879 0.50 19.9 20.6 14.1 14.4 11.6 12.4 -1.2 -0.9 -0.9 High
Invesco India Gold ETF 6374.20 6363.10 0.04 114 0.55 20.8 21.1 14.4 14.2 11.9 12.9 -0.4 -0.6 -0.6 Low
Kotak Gold ETF 60.91 61.09 0.18 4026 0.55 19.9 20.8 14.1 14.1 11.7 12.3 -1.2 -0.9 -0.8 High
LIC MF Gold ETF 6564.25 6564.75 -0.05 127 0.41 20.6 21.1 14.6 14.8 12.0 13.1 -0.4 -0.4 -0.5 Moderate
Mirae Asset Gold ETF 71.01 71.12 0.54 314 0.30 20.1 19.6 - - - - -1.0 - - High
Nippon India ETF Gold BeES 60.56 60.66 0.21 11389 0.79 19.7 20.5 13.9 14.1 11.5 12.4 -1.2 -1.1 -1.0 High
Quantum Gold 60.28 60.40 0.21 201 0.78 19.8 20.2 14.0 14.1 11.5 12.4 -1.4 -1.4 -1.0 Moderate
SBI Gold ETF 62.40 62.54 0.24 4667 0.65 19.8 20.1 14.0 14.3 11.7 12.6 -1.5 -1.0 -0.9 High
Liquidity classification is based on average daily trading volume (ADTV). ETFs with ADTV in excess of `1 crore have been classified as having “High” liquidity, those between `10 lakh and `1 crore as having “Moderate”
liquidity and those with less than `10 lakh as having “Low” liquidity.

Mutual Fund Insight October 2024 99

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 SCOREBOARD: ETFs
Avg. Returns (%)
Premium/ Assets Expense 1 year 3 years 5 years Tracking Error (%)
ETF Name NAV (`) Price (`) (Discount) (` cr) Ratio NAV Price NAV Price NAV Price 1 year 3 years 5 years Liquidity

Tata Gold ETF 7.10 7.11 0.97 162 0.38 - - - - - - - - - High

UTI Gold ETF 61.12 61.25 0.02 1118 0.49 20.6 21.2 14.2 14.2 11.5 12.2 -0.6 -0.8 -1.0 High
Zerodha Gold ETF 11.49 11.52 0.41 66 0.31 - - - - - - - - - Moderate
COMMODITIES: SILVER
ABSL Silver ETF 86.23 86.35 0.24 382 0.35 13.3 13.8 - - - - -0.7 - - High
Axis Silver ETF 86.35 85.99 0.07 118 0.37 13.5 13.6 - - - - -1.1 - - Moderate
DSP Silver ETF 83.39 83.48 0.20 170 0.50 13.1 13.9 - - - - -0.9 - - Moderate
Edelweiss Silver ETF 86.76 86.99 0.29 53 0.39 - - - - - - - - - Moderate
HDFC Silver ETF 83.11 83.34 0.37 247 0.40 14.2 13.9 - - - - 0.0 - - High
ICICI Pru Silver ETF 86.18 86.41 0.35 2649 0.40 13.2 13.9 - - - - -1.0 - - High
Kotak Silver ETF 83.96 84.16 0.29 498 0.45 13.2 13.8 - - - - -0.9 - - Moderate
Mirae Asset Silver ETF 84.33 84.46 0.29 63 0.41 13.1 - - - - - -1.1 - - Moderate
Nippon India Silver ETF 83.11 83.07 0.17 3413 0.56 13.0 13.3 - - - - -1.0 - - High
SBI Silver ETF 85.24 85.28 0.50 383 0.42 - - - - - - - - - High
Tata Silver ETF 8.38 8.40 0.06 86 0.44 - - - - - - - - - Moderate
UTI Silver ETF 83.89 84.05 0.46 100 0.52 11.6 13.3 - - - - -0.9 - - High
DEBT: TARGET MATURITY
Axis Nifty AAA + SDL Apr 2026 50:50 12.00 12.00 -0.12 1761 0.14 7.5 7.7 5.2 5.2 - - -0.2 -0.2 - Moderate
BHARAT Bond ETF-April 2025 1234.48 1232.55 -0.08 11866 0.001 7.4 7.1 5.2 4.9 - - 0.1 0.0 - High
BHARAT Bond ETF-April 2030 1403.14 1400.83 0.03 19158 0.001 8.4 8.4 6.4 6.2 - - 0.2 0.0 - High
BHARAT Bond ETF-April 2031 1253.86 1252.15 -0.05 13997 0.001 8.5 8.5 6.3 6.1 - - 0.2 0.0 - High
BHARAT Bond ETF-April 2032 1177.76 1175.87 -0.02 11362 0.001 8.7 8.5 - - - - 0.4 - - Moderate
BHARAT Bond ETF-April 2033 1146.13 1147.56 0.18 5774 0.001 9.0 9.1 - - - - 0.4 - - Moderate
Nippon Ind ETF Nfty Apr2026 Top20 Eq Wt 123.84 123.60 -0.02 7113 0.20 7.8 7.5 5.5 5.4 - - -0.2 -0.1 - Moderate
Nippon India ETF Nfty CPSE + Sep24 50:50 123.78 123.68 -0.03 1654 0.20 7.2 7.0 5.2 5.2 - - -0.3 -0.2 - Moderate

(1) All data as of August 31, 2024. AUM as of July 31, 2024
(2) Average premium/(discount) represents the average premium/(discount) at which the ETF traded over its NAV over the last one year.
(3) Tracking Error represents the difference in returns of the ETF when compared with that of the benchmark/index it replicates.
(4) Liquidity classification is based on average daily trading volume (ADTV). ETFs with ADTV in excess of `1 crore have been classified as having “High” liquidity, those between `10 lakh and `1 crore as having
“Moderate” liquidity and those with less than `10 lakh as having “Low” liquidity.
(5) The ETFs track various indices other than the popular Indian broad market and sectoral indices. Here is the list of such indices -
NIFTY 100 Alpha-Low Volatility 30 TRI represents top 30 companies which have the lowest volatility score, highest alpha score and forming part of top 150 large and mid-cap stocks
Nifty 100 ESG Sector Leaders TRI represents the companies which meet various environmental, social and governance risk related criterias and forms part of Nifty 100
NIFTY 100 Low Volatility 30 TRI represents top 30 companies which have the lowest volatility score and forming part of Nifty 100
NIFTY 100 Quality 30 TRI represents top 30 companies which have the highest quality score and forming part of Nifty 100
Nifty 200 Momentum 30 TRI represents top 30 companies which have the highest momentum score and forming part of Nifty 200
NIFTY 200 Quality 30 TRI represents top 30 companies which have the highest quality score and forming part of Nifty 200
Nifty 50 Equal Weight TRI follows an equal weighted strategy using the constituents of Nifty 50
NIFTY 50 Shariah TRI represents the companies forming part of Nifty 50 and meeting the Shariah compliance requirements
Nifty Alpha 50 TRI represents top 30 companies which have the highest alpha score amongst the top 300 companies
NIFTY Div Opps 50 TRI represents top 50 companies which have the highest dividend yield subject to meeting the eligibility criteria
NIFTY Growth Sectors 15 TRI represents top 15 companies which belong to sectors identified as growth sector and having the highest EPS growth
NIFTY Midcap150 Quality 50 TRI represents top 50 companies which have the highest quality score and forming part of NIFTY Midcap150
S&P 500 Top 50 TRI represents 50 largest companies forming part of S&P 500 Index
S&P BSE Bharat 22 TRI represents top 22 companies from a list of CPSE, SUUTI, PSU Banks and disinvested companies by Government of India
S&P BSE Low Volatility TRI represents top 30 companies which have the lowest volatility score subject to meeting the eligibility criteria
S&P BSE Midcap Select TRI represents the 30 largest companies within the S&P BSE Midcap Index
S&P BSE Quality TRI represents top 30 companies which have the highest quality score subject to meeting the eligibility criteria
Hang Seng TECH TRI represents 30 largest technology companies listed in Hong Kong Stock Exchange
Hang Seng TRI represents the largest companies listed in Hong Kong Stock Exchange
NASDAQ 100 represents 100 largest non-financial companies listed on the NASDAQ market
NASDAQ Q-50 TRI represents 50 stocks which are next eligible for inclusion into the NASDAQ 100 Index
NYSE FANG+ TRI represents 10 highly-traded growth stocks of tech and tech enabled companies in the technology, media & communications and consumer discretionary sectors which are listed on US stock exchanges
CRISIL Liquid Overnight Index represents the returns from a daily rolling deposit at Tri Party Repo (TREP) rate
NIFTY 10 yr Benchmark G-Sec Index tracks the performance of 10-year bond issued by the Government of India
NIFTY 1D Rate Index represents the returns generated by lending in overnight market with government securities as collateral
Nifty 5yr Benchmark G-Sec Index tracks the performance of the most liquid five year benchmark security issued by the Government of India
NIFTY 8-13 yr G-Sec Index tracks the performance of bonds issued by the Government of India having maturity of 8-13 years such that average maturity is 10 years
Nifty AAA Bond Plus SDL Apr 2026 50:50 Index comprises of AAA-rated bonds and SDL in equal proportion with maturity between May 2025 and April 2026 such that the index matures in April 2026
NIFTY Bharat Bond Index Series comprises of AAA-rated bonds issued by government owned entities maturing in the stated month
Nifty CPSE Bond Plus SDL Sep 2024 50:50 Index comprises of AAA-rated bonds issued by government owned entities and SDL in equal proportion with maturity between October 2023 and September 2024 such
that the index matures in September 2024
Nifty SDL Apr 2026 Top 20 Equal Weight Index comprises of 20 SDLs with equal weights and maturity between May 2025 and April 2026 such that the index matures in April 2026
S&P BSE Liquid Rate Index represents the returns from a daily rolling deposit at Tri Party Repo (TREP) rate

100 Mutual Fund Insight October 2024

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 SCOREBOARD

Performance snapshot
Here are the performance data of the Indian mutual fund industry as of August 2024
REGULAR DIRECT
Category/benchmark 1 mth 3 mths 1 yr 3 yrs 5 yrs 10 yrs 20 yrs 1 mth 3 mths 1 yr 3 yrs 5 yrs 10 yrs
Equity: Large Cap 1.12 12.34 43.55 17.22 20.05 13.34 15.29 1.16 12.35 44.48 17.86 20.67 14.17
Equity: Large & MidCap 1.63 14.05 45.48 20.92 24.30 16.30 17.71 1.67 14.20 46.62 22.26 25.54 17.43
Equity: Flexi Cap 1.60 13.36 40.56 18.00 21.01 14.91 16.91 1.72 13.70 42.13 19.32 22.30 15.97
Equity: Mid Cap 0.76 14.49 50.04 25.09 29.35 18.78 19.44 0.92 14.82 51.57 26.17 30.64 20.04
Equity: Multi Cap 1.91 14.38 45.27 22.20 — — — 2.02 14.76 47.12 23.77 — —
Equity: Small Cap 1.74 16.52 48.25 25.72 33.58 20.02 — 1.85 16.82 49.66 27.26 35.23 21.24
Equity: Value Oriented 1.26 14.14 52.36 22.66 25.28 16.66 19.28 1.34 14.10 53.49 24.51 26.94 17.73
Equity: ELSS 1.31 13.06 41.90 19.07 22.61 15.48 17.08 1.39 13.36 43.46 20.38 23.94 16.58
Equity: Thematic-ESG 1.82 14.74 38.43 15.19 19.72 13.82 17.16 1.94 15.23 40.34 16.80 20.65 14.69
Equity: International 2.48 5.24 18.49 4.91 10.23 6.84 8.33 2.61 5.49 19.34 5.45 10.97 7.76
BSE Sensex TRI 0.95 11.94 28.63 14.15 18.54 13.35 16.40 0.95 11.94 28.63 14.15 18.54 13.35
BSE Sensex Next 50 TRI 0.83 15.07 56.09 25.21 25.55 15.91 — 0.83 15.07 56.09 25.21 25.55 15.91
BSE 500 TRI 0.96 12.88 41.14 18.91 22.86 15.43 16.81 0.96 12.88 41.14 18.91 22.86 15.43
BSE Large Cap TRI 0.94 11.66 36.33 16.02 19.88 13.77 — 0.94 11.66 36.33 16.02 19.88 13.77
BSE Mid Cap TRI 1.03 14.99 58.86 28.68 30.93 19.41 18.06 1.03 14.99 58.86 28.68 30.93 19.41
BSE Small Cap TRI 1.36 18.88 51.84 28.68 36.04 19.50 20.01 1.36 18.88 51.84 28.68 36.04 19.50
Equity: Sectoral-Banking 0.03 6.53 26.24 15.67 15.90 12.60 17.63 0.94 9.03 28.81 15.73 17.14 15.07
BSE Bankex TRI -0.74 4.92 19.18 12.96 14.13 13.14 17.90 -0.74 4.92 19.18 12.96 14.13 13.14
Equity: Sectoral-Infrastructure -1.30 9.04 61.23 31.97 30.77 17.33 17.87 -1.30 9.30 63.08 33.51 32.20 18.69
BSE India Infrastructure TRI -1.77 14.52 108.64 46.12 37.03 18.26 — -1.77 14.52 108.64 46.12 37.03 18.26
Equity: Sectoral-Pharma 6.42 23.34 53.41 17.77 28.94 15.03 18.43 6.68 23.65 54.93 19.24 30.58 16.19
BSE Healthcare TRI 6.72 24.15 55.67 18.35 28.18 13.13 16.54 6.72 24.15 55.67 18.35 28.18 13.13
Equity: Sectoral-Technology 4.64 29.70 42.09 11.55 27.94 18.72 18.39 4.56 28.47 44.29 15.20 29.40 19.81
BSE IT TRI 4.28 31.47 40.70 10.52 24.25 17.97 18.46 4.28 31.47 40.70 10.52 24.25 17.97
Hybrid: Aggressive Hybrid 1.33 10.85 32.71 15.57 18.25 13.08 14.84 1.43 11.19 34.28 16.94 19.62 14.16
Hybrid: Balanced Hybrid 1.39 7.78 21.15 11.16 12.33 9.85 10.71 1.46 8.01 21.84 11.79 12.98 10.45
Hybrid: Conservative Hybrid 1.01 4.92 14.60 8.83 9.26 8.42 9.36 1.08 5.16 15.61 9.82 10.29 9.41
VR Balanced TRI 1.31 11.44 29.77 14.12 17.47 12.67 13.94 1.31 11.44 29.77 14.12 17.47 12.67
VR MIP TRI 1.08 6.81 18.41 9.88 10.75 9.35 9.06 1.08 6.81 18.41 9.88 10.75 9.35
Debt: Long Duration 1.14 3.01 10.08 6.15 6.17 7.84 7.62 1.18 3.13 10.64 6.60 6.62 8.58
Debt: Medium Duration 0.74 2.19 7.54 5.77 5.80 7.05 6.79 0.79 2.35 8.21 6.46 6.52 7.80
Debt: Short Duration 0.65 2.06 7.26 5.64 6.10 6.87 7.40 0.71 2.23 7.95 6.36 6.85 7.60
Debt: Ultra Short Duration 0.53 1.68 6.91 5.61 5.29 6.20 6.60 0.57 1.82 7.47 6.15 5.84 6.70
Debt: Liquid 0.57 1.73 7.23 5.90 5.15 6.31 6.94 0.58 1.78 7.39 6.02 5.25 6.40
Debt: Dynamic Bond 0.91 2.47 8.24 5.71 6.16 7.44 6.52 0.96 2.64 8.98 6.45 6.89 8.18
Debt: Corporate Bond 0.71 2.14 7.50 5.38 6.36 7.25 6.68 0.75 2.24 7.92 5.79 6.77 7.76
Debt: Credit Risk 0.74 2.08 8.26 9.26 6.32 6.70 — 0.80 2.28 9.10 10.10 7.15 7.57
CCIL All Sovereign Bond - TRI 1.23 3.10 10.57 6.88 6.95 8.76 7.46 1.23 3.10 10.57 6.88 6.95 8.76
CCIL T Bill Liquidity Weight 0.42 1.29 4.77 3.62 3.31 3.98 4.23 0.42 1.29 4.77 3.62 3.31 3.98
VR Bond 0.84 2.26 8.29 5.97 5.54 6.72 6.45 0.84 2.26 8.29 5.97 5.54 6.72
Category averages, including ETFs and Index Funds. Returns (%) as of August 31, 2024.

Mutual Fund Insight October 2024 101

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TOP-RATED FUNDS
EQUITY DIRECT (87/265)
EQUITY: LARGE CAP SBI Large & Midcap Dir  Motilal Oswal Midcap Dir 
ABSL Nifty 50 Equal Weight Index Dir  UTI Large & Mid Cap Dir  Nippon India Growth Dir 
Bandhan Large Cap Dir  EQUITY: FLEXI CAP Quant Mid Cap Dir 
Baroda BNP Paribas Large Cap Dir  360 ONE Focused Equity Dir  EQUITY: SMALL CAP
Canara Robeco Bluechip Equity Dir  Bank of Ind Flexi Cap Dir  Axis Small Cap Dir 
DSP Nifty 50 Equal Weight Index Dir  Baroda BNP Paribas Focused Dir  Bank of Ind Small Cap Dir 
DSP Nifty Next 50 Index Dir  Canara Robeco Focused Equity Dir  Canara Robeco Small Cap Dir 
Edelweiss Large Cap Dir  Edelweiss Flexi Cap Dir  Edelweiss Small Cap Dir 
HDFC NIFTY50 Equal Weight Index Dir  Franklin India Flexi Cap Dir  Invesco India Smallcap Dir 
HDFC Top 100 Dir  Franklin India Focused Equity Dir  Nippon India Small Cap Dir 
ICICI Pru Bharat 22 FOF Dir  HDFC Flexi Cap Dir  Quant Small Cap Dir 
ICICI Pru Bluechip Dir  HDFC Focused 30 Dir  Tata Small Cap Dir 
Invesco India Largecap Dir  HDFC Retirement Savings Equity Dir  EQUITY: VALUE ORIENTED
JM Large Cap Dir  HSBC Flexi Cap Dir  HSBC Value Dir 
Kotak Bluechip Dir  ICICI Pru Flexicap Dir  ICICI Pru Value Discovery Dir 
Kotak Nifty Next 50 Index Fund Dir  ICICI Pru Focused Equity Dir  JM Value Dir 
LIC MF Nifty Next 50 Index Dir  ICICI Pru India Equity FOF Dir  Kotak India EQ Contra Dir 
Mirae Asset Equity Allocator FoF Dir  ICICI Pru Passive Strategy (FOF) Dir  SBI Contra Dir 
Nippon India Large Cap Dir  ICICI Pru Retirement Pure Equity Dir  Templeton India Value Dir 
Nippon India Nifty Next 50 Junior BeES FoF Dir  Invesco India Focused Dir  EQUITY: ELSS
Quant Focused Dir  JM Flexicap Dir  Bandhan ELSS Tax Saver Dir 
SBI Nifty Next 50 Index Fund Dir  Mahindra Manulife Focused Dir  Bank of India ELSS Tax Saver Fund Dir 
Sundaram Nifty 100 Equal Weight Dir  Nippon India Flexi Cap Dir  DSP ELSS Tax Saver Dir 
UTI Nifty Next 50 Index Dir  Parag Parikh Flexi Cap Dir  HDFC ELSS Tax Saver Dir 
UTI Nifty200 Momentum 30 Index Fund Dir  SBI Retirement Benefit Aggressive Dir  ITI ELSS Tax Saver Dir 
EQUITY: LARGE & MIDCAP Union Flexi Cap Dir  JM ELSS Tax Saver Dir 
Bandhan Core Equity Dir  EQUITY: MID CAP Kotak ELSS Tax Saver Dir 
HDFC Large and Mid Cap Dir  Edelweiss Mid Cap Dir  Motilal Oswal ELSS Tax Saver Dir 
ICICI Pru Large & Mid Cap Dir  HDFC Mid-Cap Opp Dir  Parag Parikh ELSS Tax Saver Dir 
Kotak Equity Opportunities Dir  Kotak Emerging Equity Dir  Quant ELSS Tax Saver Dir 
Motilal Oswal Large and Midcap Dir  Mahindra Manulife Mid Cap Dir  SBI Long Term Equity Dir 
Quant Large & Mid Cap Dir 
RATING DOWNGRADE List of funds that moved out of the five- and four-star grades in August 2024
Mahindra Manulife Large Cap Dir Tata Focused Equity Dir Union ELSS Tax Saver Dir
HYBRID DIRECT (34/95)
HYBRID: AGGRESSIVE HYBRID Quant Absolute Dir  Parag Parikh Conservative Hybrid Dir 
Bank of Ind Mid & Small Cap Eqt & Debt Dir  SBI Magnum Children’s Benefit Investment Dir  SBI Conservative Hybrid Dir 
Baroda BNP Paribas Agrssv Hybrid Dir  SBI Retirement Benefit Aggressive Hybrid Dir  SBI Magnum Children’s Benefit Savings Dir 
Edelweiss Aggressive Hybrid Dir  UTI Aggressive Hybrid Dir  SBI Retirement Benefit Conservative Hybrid Dir 
Franklin India Equity Hybrid Dir  HYBRID: CONSERVATIVE HYBRID HYBRID: EQUITY SAVINGS
HDFC Children’s Gift Dir  Bank of India Conservative Hybrid Dir  Edelweiss Equity Savings Dir 
HDFC Retirement Savings Hybrid Equity Dir  Canara Robeco Conservative Hybrid Dir  HSBC Equity Savings Dir 
ICICI Pru Child Care Gift Dir  HDFC Hybrid Debt Dir  ICICI Pru Equity Savings Dir 
ICICI Pru Equity & Debt Dir  HDFC Retirement Savings Hybrid Debt Dir  Kotak Equity Savings Dir 
ICICI Pru Retirement Hybrid Aggressive Dir  ICICI Pru Income Optimizer (FOF) Dir  Mirae Asset Equity Savings Dir 
JM Aggressive Hybrid Dir  ICICI Pru Regular Savings Dir  Sundaram Equity Savings Dir 
Kotak Equity Hybrid Dir  Kotak Debt Hybrid Dir  UTI Equity Savings Dir 
Mahindra Manulife Aggressive Hybrid Dir 
RATING DOWNGRADE List of funds that moved out of the five- and four-star grades in August 2024
SBI Retirement Benefit Conservative Dir

Funds suspended for sale have been excluded

102 Mutual Fund Insight October 2024

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TOP-RATED FUNDS
EQUITY REGULAR (89/266)
EQUITY: LARGE CAP Motilal Oswal Large and Midcap Reg  Motilal Oswal Midcap Reg 
ABSL Nifty 50 Equal Weight Index Reg  Quant Large & Mid Cap Reg  Nippon India Growth Reg 
Baroda BNP Paribas Large Cap Reg  SBI Large & Midcap Reg  Quant Mid Cap Reg 
Canara Robeco Bluechip Equity Reg  UTI Large & Mid Cap Reg  SBI Magnum Midcap Reg 
DSP Nifty 50 Equal Weight Index Reg  EQUITY: FLEXI CAP EQUITY: SMALL CAP
DSP Nifty Next 50 Index Reg  360 ONE Focused Equity Reg  Axis Small Cap Reg 
Edelweiss Large Cap Reg  Bank of Ind Flexi Cap Reg  Bank of Ind Small Cap Reg 
HDFC NIFTY50 Equal Weight Index Reg  Canara Robeco Focused Equity Reg  Canara Robeco Small Cap Reg 
HDFC Top 100 Reg  Edelweiss Flexi Cap Reg  Invesco India Smallcap Reg 
HSBC Nifty Next 50 Index Reg  Franklin India Flexi Cap Reg  Nippon India Small Cap Reg 
ICICI Pru Bharat 22 FOF  Franklin India Focused Equity Reg  Quant Small Cap Reg 
ICICI Pru Bluechip  HDFC Flexi Cap Reg  Tata Small Cap Reg 
ICICI Pru Nifty Next 50 Index  HDFC Focused 30 Reg  EQUITY: VALUE ORIENTED
Invesco India Largecap Reg  HDFC Retirement Savings Equity Reg  HSBC Value Reg 
JM Large Cap Reg  HSBC Flexi Cap Reg  ICICI Pru Value Discovery 
Kotak Bluechip Reg  ICICI Pru Flexicap  JM Value Reg 
Kotak Nifty Next 50 Index Fund Reg  ICICI Pru Focused Equity  Nippon India Value Reg 
LIC MF Nifty Next 50 Index Reg  ICICI Pru India Equity FOF  SBI Contra Reg 
Mirae Asset Equity Allocator FoF Reg  ICICI Pru Passive Strategy (FOF)  Templeton India Value Reg 
Motilal Oswal Nifty Next 50 Index Fund Reg  ICICI Pru Retirement Pure Equity  EQUITY: ELSS
Nippon India Large Cap Reg  Invesco India Focused Reg  Bandhan ELSS Tax Saver Reg 
Nippon India Nifty Next 50 Junior BeES FoF Reg  JM Flexicap Reg  Bank of India ELSS Tax Saver Reg 
Quant Focused Reg  JM Focused Reg  DSP ELSS Tax Saver Reg 
SBI Nifty Next 50 Index Fund Reg  Mahindra Manulife Focused Reg  Franklin India ELSS Tax Saver Reg 
Sundaram Nifty 100 Equal Weight Reg  Parag Parikh Flexi Cap Reg  HDFC ELSS Tax Saver Reg 
UTI Nifty Next 50 Index Reg  SBI Retirement Benefit Aggressive Reg  JM ELSS Tax Saver Reg 
UTI Nifty200 Momentum 30 Index Fund Reg  Union Flexi Cap Reg  Kotak ELSS Tax Saver Reg 
EQUITY: LARGE & MIDCAP EQUITY: MID CAP Motilal Oswal ELSS Tax Saver Reg 
Bandhan Core Equity Reg  Edelweiss Mid Cap Reg  Parag Parikh ELSS Tax Saver Reg 
HDFC Large and Mid Cap Reg  HDFC Mid-Cap Opp Reg  Quant ELSS Tax Saver Reg 
ICICI Pru Large & Mid Cap  Kotak Emerging Equity Reg  SBI Long Term Equity Reg 
Kotak Equity Opportunities Reg  Mahindra Manulife Mid Cap Reg  Union ELSS Tax Saver Reg 
RATING DOWNGRADE List of funds that moved out of the five- and four-star grades in August 2024
Edelweiss Small Cap Reg

HYBRID REGULAR (34/95)

HYBRID: AGGRESSIVE HYBRID SBI Magnum Children’s Benefit Investment Reg  SBI Conservative Hybrid Reg 
Bank of Ind Mid & Small Cap Eqt & Debt Reg  SBI Retirement Benefit Aggressive Hybrid Reg  SBI Magnum Children’s Benefit Savings Reg 
Baroda BNP Paribas Agrssv Hybrid Reg  UTI Aggressive Hybrid  SBI Retirement Benefit Conservative Hybrid Reg 
Edelweiss Aggressive Hybrid Reg  HYBRID: CONSERVATIVE HYBRID UTI Conservative Hybrid Reg 
Franklin India Equity Hybrid Reg  Bank of India Conservative Hybrid Reg  HYBRID: EQUITY SAVINGS
HDFC Children’s Gift Reg  Canara Robeco Conservative Hybrid Reg  Edelweiss Equity Savings Reg 
HDFC Retirement Savings Hybrid Equity Reg  HDFC Hybrid Debt Reg  HSBC Equity Savings Reg 
ICICI Pru Child Care Gift  HDFC Retirement Savings Hybrid Debt Reg  ICICI Pru Equity Savings 
ICICI Pru Equity & Debt  ICICI Pru Income Optimizer (FOF)  Kotak Equity Savings Reg 
ICICI Pru Retirement Hybrid Aggressive  ICICI Pru Regular Savings Reg  Mirae Asset Equity Savings Reg 
JM Aggressive Hybrid Reg  Kotak Debt Hybrid Reg  SBI Equity Savings Reg 
Kotak Equity Hybrid Reg  Parag Parikh Conservative Hybrid Reg  UTI Equity Savings Reg 
Quant Absolute Reg 
RATING DOWNGRADE List of funds that moved out of the five- and four-star grades in August 2024
Funds suspended for sale have been excluded.
mutual fund ratings are revised every month. The above ratings are as of August 31, 2024. For rating methodology, refer to Scoreboard Guide.

Mutual Fund Insight October 2024 103

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 SCOREBOARD

SIP returns of `10,000 per month 5 years 10 years 5 years 10 years

Return Value Return Value Return Value Return Value
Scheme Name | Category (%) (` lakh) (%) (` lakh) Scheme Name | Category (%) (` lakh) (%) (` lakh)
Quant Small Cap | Small Cap 50.72 20.14 29.78 58.44 SBI Long Term Equity | ELSS 33.98 13.78 21.16 36.68
Nippon India Small Cap | Small Cap 43.29 17.05 28.38 54.18 Invesco India Large & Mid Cap | Large & MidCap 30.01 12.54 20.89 36.12
Quant ELSS Tax Saver Fund | ELSS 38.33 15.22 27.59 51.89 ICICI Pru Focused Equity | Flexi Cap 31.80 13.08 20.89 36.12
Quant Mid Cap | Mid Cap 41.15 16.24 26.67 49.39 UTI Mid Cap | Mid Cap 31.52 12.99 20.88 36.10
Quant Flexi Cap | Flexi Cap 38.87 15.42 26.41 48.70 Franklin India Prima | Mid Cap 31.86 13.10 20.84 36.03
Motilal Oswal Midcap | Mid Cap 42.08 16.59 25.78 47.06 Tata Equity PE | Value Oriented 31.26 12.91 20.83 36.02
Quant Active | Multi Cap 35.07 14.12 25.40 46.10 DSP Equity Opportunities | Large & MidCap 30.15 12.58 20.83 36.00
HSBC Small Cap | Small Cap 39.45 15.62 25.37 46.03 Kotak Equity Opportunities | Large & MidCap 29.12 12.28 20.82 35.99
Edelweiss Mid Cap | Mid Cap 37.91 15.08 25.00 45.12 Sundaram Small Cap | Small Cap 34.96 14.08 20.77 35.89
Kotak Small Cap | Small Cap 36.02 14.43 24.83 44.72 HDFC Flexi Cap | Flexi Cap 31.73 13.06 20.72 35.79
SBI Small Cap | Small Cap 32.76 13.39 24.80 44.67 Sundaram Midcap | Mid Cap 33.70 13.68 20.70 35.76
Axis Small Cap | Small Cap 33.11 13.50 24.70 44.43 HDFC Large and Mid Cap | Large & MidCap 32.55 13.31 20.63 35.63
HDFC Small Cap | Small Cap 37.18 14.82 24.36 43.59 Bandhan ELSS Tax Saver | ELSS 29.33 12.35 20.52 35.43
Nippon India Growth | Mid Cap 36.98 14.76 24.21 43.23 Edelweiss Large & Mid Cap | Large & MidCap 29.03 12.25 20.53 35.42
JM Value | Value Oriented 37.40 14.90 24.02 42.80 Taurus Mid Cap | Mid Cap 29.36 12.35 20.50 35.37
JM Flexicap | Flexi Cap 36.14 14.47 23.91 42.54 Canara Robeco Emerging Equities | Large & MidCap 27.25 11.74 20.48 35.33
Kotak Emerging Equity | Mid Cap 34.35 13.88 23.86 42.42 ICICI Pru Multicap | Multi Cap 30.83 12.78 20.37 35.13
Invesco India Mid Cap | Mid Cap 34.35 13.88 23.68 42.02 Invesco India Multicap | Multi Cap 29.89 12.50 20.28 34.95
Quant Large & Mid Cap | Large & MidCap 34.92 14.07 23.54 41.68 Baroda BNP Paribas Multi Cap | Multi Cap 30.70 12.74 20.25 34.89
Franklin India Smaller Companies | Small Cap 39.06 15.48 23.48 41.57 ICICI Pru Equity & Debt | Aggressive Hybrid 28.58 12.12 20.14 34.70
HDFC Mid-Cap Opportunities | Mid Cap 36.27 14.52 23.48 41.55 UTI Large & Mid Cap | Large & MidCap 32.49 13.29 20.09 34.60
SBI Contra | Value Oriented 37.36 14.90 23.25 41.07 HDFC Focused 30 | Flexi Cap 32.53 13.31 20.03 34.48
DSP Small Cap | Small Cap 36.00 14.42 23.21 40.95 Kotak ELSS Tax Saver | ELSS 27.41 11.79 19.89 34.22
ICICI Pru Smallcap | Small Cap 35.58 14.29 23.04 40.58 DSP Midcap | Mid Cap 27.63 11.85 19.85 34.15
Bank of India ELSS Tax Saver | ELSS 31.82 13.09 22.80 40.05 Canara Robeco ELSS Tax Saver | ELSS 26.03 11.41 19.77 34.00
Tata Midcap Growth | Mid Cap 33.19 13.51 22.50 39.42 Franklin India Flexi Cap | Flexi Cap 29.91 12.51 19.75 33.96
Baroda BNP Paribas Midcap | Mid Cap 33.35 13.56 22.33 39.05 Sundaram Multi Cap | Multi Cap 28.34 12.05 19.74 33.95
PGIM India Midcap Opportunities | Mid Cap 30.99 12.83 22.22 38.81 JM Aggressive Hybrid | Aggressive Hybrid 32.45 13.28 19.71 33.89
Axis Midcap | Mid Cap 29.19 12.31 22.18 38.76 SBI Large & Midcap | Large & MidCap 27.82 11.91 19.60 33.71
Kotak India EQ Contra | Value Oriented 31.84 13.09 22.15 38.68 Franklin India Focused Equity | Flexi Cap 28.38 12.06 19.57 33.65
Bandhan Core Equity | Large & MidCap 34.20 13.84 22.10 38.59 Nippon India Large Cap | Large Cap 29.05 12.26 19.51 33.53
HSBC Value | Value Oriented 33.86 13.72 21.97 38.30 ABSL Mid Cap | Mid Cap 31.12 12.87 19.50 33.52
Union Small Cap | Small Cap 33.88 13.73 21.93 38.22 UTI Value | Value Oriented 28.51 12.10 19.25 33.07
JM ELSS Tax Saver | ELSS 31.58 13.01 21.89 38.13 DSP Flexi Cap | Flexi Cap 26.12 11.43 19.21 32.99
Mirae Asset Large & Midcap | Large & MidCap 27.29 11.76 21.86 38.07 HDFC Capital Builder Value | Value Oriented 29.02 12.25 19.14 32.87
Parag Parikh Flexi Cap | Flexi Cap 27.91 11.93 21.85 38.05 Sundaram Large & Midcap | Large & MidCap 26.24 11.46 19.12 32.83
Bandhan Sterling Value | Value Oriented 34.17 13.84 21.80 37.98 Franklin India ELSS Tax Saver | ELSS 29.38 12.35 19.10 32.80
Nippon India Value | Value Oriented 33.27 13.54 21.79 37.94 Tata ELSS Tax Saver | ELSS 26.01 11.40 19.08 32.75
Nippon India Multi Cap | Multi Cap 35.61 14.30 21.79 37.93 Invesco India ELSS Tax Saver | ELSS 25.69 11.32 18.90 32.45
HSBC Midcap | Mid Cap 32.75 13.37 21.62 37.59 ICICI Pru Nifty Next 50 Index | Large Cap 29.41 12.36 18.89 32.43
Invesco India Contra | Value Oriented 30.32 12.63 21.57 37.47 HDFC ELSS Tax Saver | ELSS 30.47 12.68 18.87 32.40
ICICI Pru Midcap | Mid Cap 33.12 13.49 21.40 37.13 ABSL Small Cap | Small Cap 30.76 12.76 18.86 32.38
Quant Focused | Large Cap 30.97 12.83 21.29 36.92 LIC MF Nifty Next 50 Index | Large Cap 29.33 12.34 18.85 32.35
SBI Magnum Midcap | Mid Cap 32.46 13.29 21.26 36.88 Tata Large & Midcap | Large & MidCap 25.88 11.37 18.84 32.33
ICICI Pru Value Discovery | Value Oriented 32.68 13.35 21.24 36.82 ICICI Pru Bluechip | Large Cap 26.64 11.57 18.83 32.32
Quant Absolute | Aggressive Hybrid 28.61 12.13 21.24 36.81 JM Focused | Flexi Cap 28.03 11.96 18.79 32.25
ICICI Pru Large & Mid Cap | Large & MidCap 32.47 13.29 21.19 36.71 Bank of India Large & Mid Cap Equity | Large & MidCap 28.40 12.07 18.75 32.19
DSP ELSS Tax Saver | ELSS 30.05 12.55 21.19 36.71 ABSL Pure Value | Value Oriented 31.90 13.11 18.70 32.10
Templeton India Value | Value Oriented 34.43 13.91 21.18 36.69 Baroda BNP Paribas Large Cap | Large Cap 25.91 11.37 18.65 32.02
Data of direct plans as of August 2024. Funds with less than 10-year history have been excluded.

104 Mutual Fund Insight October 2024

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 5 years 10 years 5 years 10 years
Return Value Return Value Return Value Return Value
Scheme Name | Category (%) (` lakh) (%) (` lakh) Scheme Name | Category (%) (` lakh) (%) (` lakh)
Canara Robeco Flexi Cap | Flexi Cap 24.29 10.94 18.59 31.90 Nippon India ELSS Tax Saver | ELSS 28.03 11.96 16.38 28.32
Canara Robeco Bluechip Equity | Large Cap 23.59 10.76 18.56 31.86 ICICI Pru Child Care Gift | Aggressive Hybrid 24.01 10.87 16.38 28.32
Nippon India Focused Equity | Flexi Cap 26.39 11.51 18.49 31.73 Canara Robeco Equity Hybrid | Aggressive Hybrid 20.50 9.99 16.37 28.32
HSBC Flexi Cap | Flexi Cap 28.24 12.02 18.44 31.65 UTI Large Cap | Large Cap 21.83 10.31 16.33 28.25
Sundaram Focused | Flexi Cap 24.67 11.04 18.39 31.56 DSP Equity & Bond | Aggressive Hybrid 21.17 10.15 16.29 28.19
Nippon India Vision | Large & MidCap 29.59 12.41 18.38 31.54 ABSL Equity Advantage | Large & MidCap 22.70 10.53 16.28 28.17
Invesco India Largecap | Large Cap 25.77 11.34 18.36 31.52 Bandhan Nifty 50 Index | Large Cap 21.26 10.18 16.12 27.94
Edelweiss Large Cap | Large Cap 25.19 11.18 18.28 31.38 Axis Bluechip | Large Cap 18.49 9.51 16.10 27.92
HSBC ELSS Tax Saver | ELSS 27.42 11.79 18.19 31.22 UTI Nifty 50 Index | Large Cap 21.21 10.16 16.04 27.81
ABSL Flexi Cap | Flexi Cap 24.94 11.11 18.07 31.03 DSP Top 100 Equity | Large Cap 23.77 10.81 16.02 27.78
Edelweiss Aggressive Hybrid | Aggressive Hybrid 25.80 11.35 18.01 30.93 Franklin India Equity Hybrid | Aggressive Hybrid 22.17 10.40 16.01 27.76
Tata Retirement Savings Progressive | Flexi Cap 23.81 10.82 18.00 30.91 Groww Large Cap | Large Cap 21.93 10.34 16.00 27.75
Union Flexi Cap | Flexi Cap 25.23 11.19 17.95 30.83 HDFC Index Nifty 50 | Large Cap 21.15 10.14 15.98 27.73
Edelweiss ELSS Tax Saver | ELSS 26.20 11.45 17.91 30.76 Tata Nifty 50 Index | Large Cap 21.12 10.14 15.96 27.69
Kotak Flexicap | Flexi Cap 23.92 10.84 17.87 30.69 Axis ELSS Tax Saver | ELSS 19.36 9.72 15.93 27.65
Union ELSS Tax Saver | ELSS 25.72 11.32 17.86 30.68 ICICI Pru Nifty 50 Index | Large Cap 21.16 10.15 15.93 27.64
Kotak Equity Hybrid | Aggressive Hybrid 24.44 10.98 17.86 30.67 Nippon India Index Nifty 50 | Large Cap 21.13 10.14 15.91 27.61
ICICI Pru ELSS Tax Saver | ELSS 25.20 11.18 17.81 30.59 SBI Nifty Index | Large Cap 21.13 10.14 15.89 27.60
Kotak Bluechip | Large Cap 24.22 10.92 17.81 30.59 Sundaram Aggressive Hybrid | Aggressive Hybrid 20.72 10.04 15.88 27.57
HDFC Top 100 | Large Cap 26.24 11.47 17.81 30.58 UTI Flexi Cap | Flexi Cap 19.04 9.64 15.86 27.55
Baroda BNP Paribas ELSS Tax Saver | ELSS 25.17 11.18 17.77 30.53 Bandhan Flexi Cap | Flexi Cap 23.37 10.71 15.76 27.41
SBI Focused Equity | Flexi Cap 21.65 10.27 17.75 30.51 HDFC Index Fund-BSE Sensex Plan | Large Cap 19.94 9.85 15.75 27.39
Sundaram ELSS Tax Saver | ELSS 24.71 11.05 17.58 30.22 Nippon India Index BSE Sensex | Large Cap 19.97 9.86 15.72 27.33
Taurus ELSS Tax Saver | ELSS 24.67 11.04 17.53 30.13 HSBC Managed Solutions India Growth | Agg. Hybrid 22.01 10.36 15.69 27.29
HDFC Children’s Gift | Aggressive Hybrid 23.41 10.71 17.52 30.12 LIC MF Nifty 50 Index | Large Cap 21.01 10.11 15.67 27.26
Motilal Oswal Flexi Cap | Flexi Cap 26.18 11.45 17.51 30.10 Taurus Nifty 50 Index | Large Cap 20.51 9.99 15.67 27.26
JM Large Cap | Large Cap 26.04 11.41 17.49 30.07 ABSL Nifty 50 Index | Large Cap 21.04 10.12 15.67 27.26
Bandhan Large Cap | Large Cap 24.56 11.02 17.48 30.06 Franklin India NSE Nifty 50 Index | Large Cap 20.94 10.09 15.65 27.23
UTI ELSS Tax Saver | ELSS 23.99 10.86 17.34 29.83 Tata BSE Sensex Index | Large Cap 19.70 9.79 15.60 27.16
Sundaram Nifty 100 Equal Weight | Large Cap 27.18 11.73 17.31 29.78 Franklin India Bluechip | Large Cap 22.28 10.42 15.48 26.99
Bandhan Focused Equity | Flexi Cap 24.66 11.04 17.24 29.68 LIC MF Large Cap | Large Cap 20.50 9.99 15.43 26.92
ABSL Focused | Flexi Cap 24.09 10.89 17.24 29.67 LIC MF BSE Sensex Index | Large Cap 19.76 9.81 15.41 26.88
DSP Focus | Flexi Cap | Flexi Cap 25.24 11.19 17.23 29.65 HSBC Aggressive Hybrid | Aggressive Hybrid 21.32 10.19 15.18 26.56
LIC MF ELSS Tax Saver | ELSS 24.04 10.88 17.18 29.57 PGIM India Large Cap | Large Cap 20.10 9.89 15.14 26.50
ICICI Pru Passive Strategy (FOF) | Flexi Cap 25.08 11.15 17.14 29.51 Axis Focused | Flexi Cap 16.70 9.11 15.06 26.40
Tata Large Cap | Large Cap 24.37 10.96 17.14 29.51 LIC MF Flexi Cap | Flexi Cap 22.41 10.46 15.05 26.38
UTI Children’s Equity | Flexi Cap 23.52 10.74 17.08 29.42 SBI Equity Hybrid | Aggressive Hybrid 18.20 9.45 14.85 26.09
SBI Flexicap | Flexi Cap 22.32 10.44 16.97 29.25 Tata Hybrid Equity | Aggressive Hybrid 20.32 9.94 14.52 25.63
HSBC Large Cap | Large Cap 23.44 10.72 16.97 29.23 Taurus Large Cap | Large Cap 22.26 10.42 14.46 25.55
Mirae Asset Large Cap | Large Cap 21.23 10.16 16.92 29.17 HDFC Hybrid Equity | Aggressive Hybrid 20.17 9.91 14.45 25.53
Motilal Oswal Focused | Flexi Cap 22.67 10.52 16.92 29.16 ABSL ELSS Tax Saver | ELSS 19.51 9.75 14.42 25.49
Quantum ELSS Tax Saver | ELSS 26.33 11.49 16.91 29.15 Shriram Aggressive Hybrid | Aggressive Hybrid 19.93 9.85 14.32 25.36
ABSL Frontline Equity | Large Cap 24.06 10.88 16.90 29.13 Taurus Flexi Cap | Flexi Cap 23.07 10.62 14.30 25.33
Quantum Long Term Equity Value | Value Oriented 26.32 11.49 16.86 29.07 Nippon India Equity Hybrid | Aggressive Hybrid 22.05 10.37 14.02 24.95
Tata Young Citizens | Flexi Cap 24.64 11.03 16.81 28.99 ABSL Equity Hybrid ‘95 | Aggressive Hybrid 19.64 9.78 14.00 24.93
Franklin India Equity Advantage | Large & MidCap 25.56 11.28 16.76 28.90 LIC MF ULIS | Aggressive Hybrid 18.23 9.45 13.76 24.60
UTI Aggressive Hybrid | Aggressive Hybrid 24.86 11.09 16.65 28.74 Bandhan Asset Allocation Aggressive | Aggressive Hybrid 18.90 9.61 13.23 23.92
SBI Bluechip | Large Cap 22.45 10.47 16.61 28.69 LIC MF Aggressive Hybrid | Aggressive Hybrid 18.27 9.46 13.17 23.84
Quantum Equity FoF | Flexi Cap 23.65 10.77 16.54 28.56 LIC MF Children’s | Flexi Cap 18.83 9.59 13.00 23.63
Tata Retirement Savings Moderate | Aggressive Hybrid 21.52 10.24 16.42 28.39 PGIM India Hybrid Equity | Aggressive Hybrid 17.43 9.27 12.78 23.36
Data of direct plans as of August 2024. Funds with less than 10-year history have been excluded.

Mutual Fund Insight October 2024 105

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 SCOREBOARD

The best and worst SIP returns

Worth of the monthly SIP of `10,000 across various time periods

`LHY
SIP Value SIP Value
SIP returns (%) SIP returns (%)
(` lakh) (` lakh)

PGIM India
Bandhan Small Cap 47.31 6.91 16.74 4.61
Hybrid Equity

Motilal Oswal Midcap 45.35 6.74 Mirae Asset Focused 16.85 4.62

JM Value 43.95 6.62 Axis Focused 16.86 4.62

JM Flexicap 42.12 6.47 Axis Equity Hybrid 17.07 4.63

Quant Small Cap 41.68 6.44 UTI Flexi Cap 17.23 4.64

`LHY
SIP Value SIP Value
SIP returns (%) SIP returns (%)
(` lakh) (` lakh)

Quant Small Cap 48.76 19.28 Axis Focused 15.52 8.85

Nippon India PGIM India

42.08 16.59 15.56 8.85
Small Cap Hybrid Equity

Motilal Oswal Midcap 40.51 16.00 Axis Equity Hybrid 15.92 8.93

LIC MF
Quant Mid Cap 38.74 15.37 17.01 9.17
Aggressive Hybrid
Bank of India
38.45 15.27 LIC MF ULIS 17.15 9.20
Small Cap

`LHY
SIP Value SIP Value
SIP returns (%) SIP returns (%)
(` lakh) (` lakh)

PGIM India
Quant Small Cap 28.72 55.18 11.11 21.36
Hybrid Equity
Nippon India LIC MF
27.28 51.05 11.97 22.36
Small Cap Aggressive Hybrid
Quant ELSS
26.10 47.90 LIC MF ULIS 12.73 23.29
Tax Saver Fund
Shriram
Quant Flexi Cap 25.30 45.85 12.85 23.44
Aggressive Hybrid
Nippon India
Quant Mid Cap 25.13 45.43 13.06 23.70
Equity Hybrid

All equity funds and aggressive hybrid funds except sectoral, thematic, international, ETFs, FoFs and solution oriented funds. All data for regular plans and as of August 31, 2024.

106 Mutual Fund Insight October 2024

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 Ride
on the market's
momentum!

Nippon India Nifty 500

Momentum
50 Index Fund Momentum strategy refers to investing in stocks that have demonstrated
relatively strong performance in the past, with the idea that they may
continue to perform better based on their current trend and vice versa1.
NFO Opens on: Sept 11, 2024
NFO Closes on: Sept 25, 2024 Presenting the Nippon India Nifty 500 Momentum 50 Index Fund.
This fund harnesses the Momentum strategy to capture the dynamic
growth potential of the Top 50 companies from the Nifty 500 Universe
with the highest momentum score.

Endeavours to capture the performance Selection of the stocks from

Low cost*
of the Top 50 Momentum stocks# Nifty 500 Universe

Diversification across Market Caps

Rule-based investing
(Large-Mid-Small)^

TO KNOW MORE:

Contact your Broker, Registered Investment Advisor, Mutual Fund Distributor or visit mf.nipponindiaim.com

Nippon India Nifty 500 Momentum 50 Index Fund

(An open ended scheme replicating/tracking Nifty 500 Momentum 50 Index)
Nippon India Nifty 500 Nifty 500
This product is suitable for investors who are seeking*: Momentum 50 Index Fund Momentum 50 TRI
• Long term capital growth
• Investment in equity and equity related securities and portfolio replicating the
composition of the Nifty 500 Momentum 50 Index, subject to tracking errors

*Investors should consult their financial advisers if in doubt about whether the
product is suitable for them. Investors understand that their principal Benchmark riskometer is
will be at Very High risk at Very High Risk

The product labelling assigned during the NFO is based on an internal assessment of the scheme characteristics or model portfolio and the same may vary post-NFO when the actual investments are made.
^Definition of Large, Mid & Small cap based on SEBI Categorisation and Rationalisation of Mutual Fund Schemes. #Refers to top 50 companies within the Nifty 500 selected based on their Normalised Momentum
Score based on its 6-month and 12-month price return, adjusted for volatility. *Low cost in terms of total expense ratio. 1Source: NSE.
Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investment.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.
Subscription copy of [library@svgu.ac.in]. Redistribution prohibited.