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A. HDFC TOP 100 Fund - SIP Performance^ - Regular Plan - Growth Option
Since Inception* 15 year SIP 10 year SIP 5 year SIP 3 year SIP 1 year SIP
Total Amount Invested@ (` in lacs) 32.60 18.00 12.00 6.00 3.60 1.20
Market Value as on November 30, 2023 (` in lacs) 714.16$$ 55.96 25.06 9.56 4.74 1.37
Returns& (%) 18.53$$ 13.88 14.10 18.70 18.76 26.90
Benchmark Returns (%)# N.A. 13.42 13.55 15.77 12.67 18.98
Additional Benchmark Returns (%)## 14.42 13.42 13.81 15.69 12.43 14.92
@
Assuming ` 10,000 invested systematically on the first Business Day of every month since October 11, 1996 (Scheme Inception Date). &CAGR returns are computed after accounting
for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and
should not be construed as a promise on minimum returns and safeguard of capital. SIP - Systematic Investment Plan. HDFC AMC / HDFC MF is not guaranteeing or assuring any
returns on investments in the Scheme.

B. HDFC Top 100 Fund - Performance^ - Regular Plan - Growth Option NAV as at November 30, 2023 ` 903.551 (per unit)
Period Scheme Returns (%) Scheme Benchmark Additional Benchmark Value of investment of (`) 10,000
Returns (%)# Returns (%)##
Scheme Benchmark Additional Benchmark
(`) (`)# (`)##
Last 1 Year 16.62 7.83 7.59 11,662 10,783 10,759
Last 3 Years 22.56 16.85 16.27 18,441 15,974 15,738
Last 5 Years 14.58 14.03 14.46 19,757 19,287 19,649
Since Inception* 18.91$$ N.A. 13.67 11,01,706$$ N.A. 3,24,515
Common notes for the above table A & B: Past performance may or may not be sustained in the future. *Inception Date: October 11, 1996. The scheme is managed by
Mr. Rahul Baijal since July 29, 2022. # NIFTY 100 (Total Returns Index). ## S&P BSE SENSEX (Total Returns Index). $$ All Distributions declared prior to the splitting of the
Scheme into IDCW & Growth Options are assumed to be reinvested in the units of the Scheme at the then prevailing NAV (ex-distribution NAV). N.A. Not Available. The
above returns are for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. Different plans viz. Regular Plan and Direct
Plan have different expense structure. The expenses of the Direct Plan under the scheme will be lower to the extent of the distribution expenses/commission charged
in the Regular Plan. Returns greater than 1 year period are compounded annualised (CAGR). ^Above returns are as on November 30, 2023.
For Performance of Other Scheme(s) Managed by the Fund Manager, please click here.

HDFC TOP 100 FUND (An open ended equity scheme predominantly investing in large cap stocks) is suitable for investors who are seeking~:
z To generate long-term capital appreciation / income z Investment predominantly in Large-Cap companies

~Investors should consult their financial advisers, if in doubt about whether the product is suitable for them.

Name and Riskometer of Benchmark Name of scheme Riskometer^^ of the Scheme

NIFTY 100 (Total Returns Index)
rate Moderately
o Mode High
Modera w t erate Hi
oderate High tely
Mo Lo

gh
d

o M
w t erate Hi
Contact your MFD / RIA today.
HDFC Top 100 Fund
Mo Lo

Very

z
gh

High
Low
d

Very
High
Low

RISKOMETER
Investors understand that their principal will be at
RISKOMETER very high risk
Benchmark and Scheme Riskometer as on November 30, 2023
^^For latest riskometer, investors may refer to the Monthly Portfolios disclosed on the website of the Fund viz. www.hdfcfund.com

MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.
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 Coming soon...

Stock investing is about

to get a lot simpler

or

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Discover the potential of
innovation.
Aim to grow wealth with companies
that adopt innovative strategies.

Invest in
ICICI Prudential
Innovation Fund

To invest, contact your Mutual Fund Distributor IPRUTOUCH App | www.iciciprumf.com

0823

ICICI Prudential Innovation Fund (An open ended equity scheme following innovation theme) is RISKOM
ME ET
suitable for investors who are seeking*: HE erat
e
Mo
der E
C Mod Hig ately
• Long term wealth creation
R
S

h Investors
er o
e
od w t
at

Hi

understand that
• An equity scheme that invests in stocks adopting innovation strategies or themes
gh
Low M Lo

their principal
̴UŨǍğơƭųƙơ͘ơŀųƵŝė͘ĐųŨơƵŝƭ͘ƭŀğņƙ͘ǦŨñŨĐņñŝ͘ñėǍņơğƙơ͘ņķ͘ņŨ͘ėųƵĎƭ͘ñĎųƵƭ͘ǎŀğƭŀğƙ͘ƭŀğ͘ƖƙųėƵĐƭ͘ņơ͘ơƵņƭñĎŝğ͘
Very
High

will be at Very
High risk
for them.
»ŀğ͘¦ņơř̿ų̿Ŧğƭğƙ͘ơƖğĐņǦğė͘ñĎųǍğ͘ǎņŝŝ͘Ďğ͘ğǍñŝƵñƭğė͘ñŨė͘ƵƖėñƭğė͘ųŨ͘ñ͘ŦųŨƭŀŝǔ͘Ďñơņơ̩
Please refer https://www.icicipruamc.com/news-and-updates/all-news for more details on scheme riskometers.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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 CONTENTS
JANUARY 2024
Volume XXI, Number 4

EDITORIAL
PRINCIPLES 33 COVER STORY
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

How to save
better choices.
The basis of our work is the trust
reposed in us by our readers. We are
independent, fair and honest. We are

enough for
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
retirement
to be 100 per cent accurate, it is The magic number doesn’t rely
possible to always strive to achieve that
standard to the best of our abilities. on high investment returns alone
EDITOR-IN-CHIEF
Dhirendra Kumar

RESEARCH AND EDITORIAL

Aakar Rastogi, Agnisheik Chatterji, Ashish
Menon, Ashutosh Gupta, Chirag Madia,
Hrithik Madan, Karan Jaiswal, Khyati Simran
Nandrajog, Pankaj Nakade, Piyush Syal,
Sandeep P, Shruti Agarwal, Shubham Jain,
Sneha Suri & Ujjal Das

DESIGN
Anand Kumar, Aprajita Anushree, Kamal
16 FUND RADAR
Kant, Mukul Ojha & Nitin Yadav
The fund that can make IPOs
PRODUCTION MANAGER & CIRCULATION
Hira Lal: +91-9958058407
make sense
Putting Edelweiss Recently Listed
ADVERTISING
IPO Fund under the lens
Venkat K Naidu: +91-9664048666
Biswa Ranjan Palo: +91-9664075875

MARKETING
Aastha Tiwari, Ashish Jain, Jash Ashar &
Kasturi Kaushik 18 FUND RADAR Calendar 2024

SUBSCRIPTION 10 Indian funds

Shipra Srivastava: +91-9868891830 that are riding
Chhaya Verma: +91-9560200520
the tAIdal wave
CORRESPONDENCE ADDRESS
Editor, Mutual Fund Insight
5 Commercial Complex, Chitra Vihar, Zomato: FOMO or
Delhi-110092, India the next big thing?
E-MAIL: [email protected]

© 2023 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.

Registered with the Registrar of Newspapers for India, Registration Number DELENG/2003/11417

4 Mutual Fund Insight January 2024

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 44 FUND ANALYSTS’ CHOICE
9 FIRST PAGE Four short-duration funds handpicked
Do more by our analysts
Dhirendra Kumar
47 SIP SAHI HAI
Enjoy your investing journey with SIPs
10 INSIDE FUNDS
Unveiling Helios’ first portfolio
48 INVESTORS’ JOURNEYS
12 VALUE RESEARCH PREMIUM Chronicles of a year
Navigating towards your financial goals Shyamali Basu
Unique goals mean unique investment
paths for each investor
50 ASK VALUE RESEARCH
All your savings and
14 FUND RADAR
investment queries answered
High-profile exits in two AMCs: Should you worry?
We explore if key fund manager departures affect 53 SCOREBOARD
fund performance The most comprehensive fund
scorecard with key performance
22 SPECIAL REPORT numbers and investment details
Target-maturity funds: In a bull’s eye phase
With interest rates topping out, these funds shine 82 INDEX FUND SCOREBOARD
bright. Here’s an update on them. A feature to help you track index funds

87 ETF SCOREBOARD
26 SPOTLIGHT
Simplifying your selection process
‘Indian equities likely to be a
bright spot in global markets’
Manish Gunwani 94 TOP-RATED FUNDS
Funds that are at the top of the
Value Research food chain
30 THE PLAN
How to handle market volatility with confidence
The financial plan for an anxious
96 SIP RETURNS
35-year-old Value of a `10,000 monthly SIP
across different time periods
42 CATEGORY WATCH
Corrigendum: The FY ‘23 net profit figures of Bandhan Mutual Fund, Baroda BNP
The resurgence continues Paribas Mutual Fund and ITI Mutual Fund were wrongly mentioned as `879 cr,
-`69 cr and `41 cr on page 14 of our November 2023 issue. The correct figures are
With high return expectations, the future of
`88 cr, -`6.9 cr and -`41 cr, respectively. Inconvenience caused is deeply regretted.
short-duration funds looks bright

',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
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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
consequential, from the use of such information, statistics, statements, opinions and materials. The publishers of this Magazine do not certify and/or endorse any opinions contained, provided, published or
expressed in this Magazine.
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
jurisdiction of Delhi courts only. ALL RIGHTS RESERVED

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 FIRST PAGE

Do more
invest a certain amount and want make our retirement savings
it to grow significantly. That’s projections more precise. We need
fine, who doesn’t. Value to accept the fundamental
Research’s mission is to help unpredictability of the future
savers get more out of their and the impossibility of
savings. However, there’s a line accurate forecasts.
between maximising returns and So what can we do? The key
wishing for returns that are is understanding that the
unlikely to materialise. unexpected is guaranteed to

T
So, what’s the solution to happen when planning over
here’s a lot of bad making more money from your long-term horizons. And history
financial advice out investments? There are many shows negative surprises are far
there, especially for the answers to this question, but only more prevalent than positive ones
novice investor. The most two sure-shot ones. One, invest during turbulent economic times.
visibly bad advice is about more, and two, give it more time. Rather than chasing the illusion
making money from buying Preferably, do both. To those who of accuracy with overly optimistic
crypto or trading derivatives. wish for magical returns, this predictions, we must build
However, this kind of advice must sound like a joke or, worse, robustness into our retirement
doesn’t do any damage to sensible a mocking answer. But it’s true. plans that can withstand poor
investors because it is self- These are my personal solutions, market returns.
evidently wrong. the ones that will always work. A prudent savings cushion and
Far worse, in my view, is bad The core issue is that saving for reasonable return estimates can
advice about mutual fund retirement is not merely an help hedge against the near-
investing. Since the underlying abstract intellectual exercise. A certainty of negative surprises
asset class is an inherently concrete real-world objective must down the road. The goal should
sensible one, investors can’t figure be fulfilled by one’s savings when be retirement savings that are
it out easily. And the worst of retirement arrives. However, if the resilient enough to finance our
such bad advice is the type savings projections people rely on needs even if the future takes
centred around setting wildly are overly optimistic, it could give an unfortunate turn relative to
unrealistic expectations. Get on to them a false sense of security and our forecasts.
social media, YouTube, etc., and lead them to save less than what is And if you save too much,
you will see lots of content that is genuinely needed. what’s the worst that could
basically of the ‘turn `20,000 a The truth is that the future is happen? You will leave a larger
month for 10 years into `5 crore’ highly uncertain and estate for your children and your
type. Can this be done? Clearly unpredictable. All retirement grandchildren. That doesn’t sound
not – the implied rate of return is savings calculations, whether done like bad news.
58 per cent per year, sustained for by individual investors, analysts As you will see in our cover
a decade. Can this be promised like myself or other experts, are story for the month, you can
and believed by at least some ultimately just guesses rooted in easily actualise a strategy for
people? Definitely, and the reason assumptions and historical targeting the right amount of
is not hard to find. patterns. However, personal savings provided expectations are
However, when one digs finance is a practical matter with realistic and an adequate margin
deeper into this propensity for tangible goals to be met. of safety is built-in.
believing outlandish claims, what The right approach is not to
one finds is a typical human seek out investments promising Dhirendra Kumar
failing: wishful thinking. Savers even higher returns in an effort to Editor-in-chief

Mutual Fund Insight January 2024 9

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 INSIDE FUNDS

Unveiling Helios’ first portfolio

We assess Samir Arora’s inaugural Helios Flexi Cap Fund’s portfolio

I nvestors can finally glance into

Helios Flexi Cap Fund’s debut
portfolio. Having deployed
Helios Flexi Cap vs the category average
Number of stocks held
Fund
47
Average
56
`624 crore – roughly 96 per cent of P/E ratio 23.88 24.04
the money raised from investors Concentration in top-10 holdings (%) 39.28 40.70
across 47 stocks within just 12
working days, the fund has made a
few unconventional choices, namely Unique stock holdings
Landmark Cars and new-age Total Helios Flexi Category Market ROE
funds Cap Fund’s average cap (%, trailing
companies such as Zomato and exposure (%)
Company invested exposure (%) (` crore) P/E ratio 12 months)
PayTM. While only time will tell
HPCL 4 3.0 1.1 54,089 3.3 45.5
how the fund will perform, we ran
the rule over its portfolio to assess KPIT Technologies 2 2.5 1.8 40,507 83.2 30.0

how the newbie’s investments sets MCX 5 2.2 2.1 16,253 362.5 2.2
it apart from its peers. Lemon Tree Hotels 1 2.1 2.1 9,083 69.8 15.2
Adani Ports 1 2.0 1.7 2,18,574 34.5 13.8
Blue Dart Express - 0.9 - 17,105 58.5 26.1
Market-cap diversification
Landmark Cars - 0.9 - 3,199 41.5 -
The fund has a slightly higher allocation
to mid-cap companies vs peers (%) Note: Category average based on portfolio disclosures as on November 30 (excludes Helios Flexi cap), 2023. Market cap and
P/E ratio are as of December 5, 2023 and ROE (TTM) as of September 2023.
Large cap Small cap Mid cap

Category average 64 19 16 Notable stocks missing

Number of Category Market ROE
schemes average cap (%, trailing
Helios Flexi Cap 61 19 20 Stock invested exposure (%) (` crore) P/E ratio 12 months)

Category average based on portfolio disclosures as of Infosys 30 3.66 6,03,349 24.3 30.9
November 30, 2023
Reliance 28 3.61 16,49,273 24.1 8.9
Bajaj Finance 20 2.95 4,54,232 34.6 24.3
Divergence in sector allocation Bharti Airtel 20 2.43 6,19,840 82.1 10.0
Sector allocation of Helios Flexi Cap vs Maruti Suzuki 19 2.29 3,23,786 28.5 18.5
category average (%)
Note: Category average based on portfolio disclosures as on November 30, 2023.
Helios Flexi Cap Category average
33.42
The most preferred stocks in the flexi-cap category
26.48 Total Helios Category Market ROE
funds Flexi Cap’s average cap (%, trailing
20.84 Stock invested exposure (%) exposure (%) (` crore) P/E ratio 12 months)

ICICI Bank 35 6.38 5.83 7,10,381 17.7 18.8

10.24 8.30
7.83 HDFC Bank 34 8.98 6.57 12,32,161 22.6 16.0
4.54 6.56
2.94 Infosys 30 - 3.66 6,03,349 24.3 30.9
Ͳ
Reliance Industries 28 - 3.61 16,49,273 24.1 8.9
Financial Services Tech Capital Auto
goods Axis Bank 28 2.55 2.90 3,49,034 26.6 9.7
Note: Category average based on portfolio disclosures
as on November 30, 2023 Note: Category average based on portfolio disclosures as on November 30, 2023.

10 Mutual Fund Insight January 2024

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Navigating towards
your financial goals
Unique goals mean unique investment paths for each investor
Dhirendra Kumar step recommendations on what where to go. They will realise that

I
actions to take, while others prefer there are different routes to the
nvestors are like navigators: more general principles they can same destination, depending on
some are adept at charting apply to their situation. Just as your starting point and how you
their course, while others people have varying preferences want to travel.
struggle. Suppose you tell for prescriptive advice or high-lev- Value Research Premium is the
someone to reach a el guidelines in finance, they perfect way of doing this, the ideal
particular place and give detailed demonstrate the same inclinations
instructions. Most people can in many realms of life.
follow the directions and reach Fortunately, these two groups
their destination. Sometimes, the are not fixed. People can become
route that you have described may experienced, gain confidence and
have some problems. A road may skill and graduate from the first
be blocked. When something like category to the second. Initial-
that happens, the travellers get ly, someone may not be familiar
divided into two groups. While with the city and the terrain. At
some can easily find an alternate the start, they might need precise
route, others need help. What’s the instructions but will eventually
difference between the two become confident enough to
groups? The difference lies in the find their route. During the inter-
way different people use the mediate stage, they will figure out
directions given. Some take them their path but will call back and
as instructions and follow them by check if it’s correct.
rote. Others understand the However, here is the most im-
general direction of the portant thing: People must decide
destination. The second group can
find an alternative route, while the
first group fails if the original Investors are like
route is unavailable. navigators. While some
It’s clear why I’m talking about
direction finding and map-reading are adept at charting
in what is supposed to be an arti- their course, others
cle on investing. There is a simi-
larity between the type of guidance
struggle. However,
different people seek from an with time, people can
investment advisory platform and gain enough experience
the level of direction individuals
require in other contexts. Some
and confidence to find
investors want specific, step-by- their own route.

12 Mutual Fund Insight January 2024

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companion to mutual fund invest- your holdings accurately reflect
ing. From helping you figure out your aims is complicated given
goals, creating investment portfoli-
Assessing if your holdings the array of considerations – from
os, restructuring existing ones and accurately reflect your evolving objectives to tax repercus-
tracking your investments, it does it goals is complicated. sions of changing course. Leverag-
all. On top of that, Value Research ing insights from our algorithms,
Premium is not a black box which Our service aims to our service aims to eliminate
throws out instructions for you to eliminate guesswork by guesswork by evaluating your
follow. Our goal is that you should unique scenario and mapping the
evaluating unique investor
know and understand what is optimal path ahead.
happening to your mutual fund in- scenarios and charting an Portfolio Planner: These are cus-
vestments and that even if you start optimal path ahead. tom portfolios suggested to you
with limited knowledge, you should as part of your premium member-
quickly become the kind of investor ship. The algorithm that we have
who knows exactly what to do. concern for many of our members evolved takes into account your
So, how exactly does Value who already have investment port- goals, your income, your saving
Research Premium help you? Here folios is ensuring their current as- capacity and several other factors.
are the main parts of the story: sets and strategies align with their Analysts’ Choice: Often, inves-
Portfolio Analysis: A common financial aspirations. Assessing if tors want to choose their funds
for some particular investment
purpose. Even with the help of
our star rating system, it’s a lot of
work to zoom in on the right set
of funds. However, that won’t be
a problem for you because, as a
Premium member, you will have
access to Analysts’ Choice. Instead
of the official categories of funds,
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ented categories that match your
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my analysts and I have careful-
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serve you with the best outcomes.
These capabilities are just a
sampling of our robust selection
of offerings. We provide extensive
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ping to your specific goals. For a
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Mutual Fund Insight January 2024 13

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 FUND RADAR

High-profile exits in two AMCs:

Should you worry?
We explore if key fund manager departures affect fund performance

By Shruti Agarwal With certain

checks in place, like

T
he mutual fund industry recently witnessed two a minimum three-year
major fund manager shake-ups. Pankaj Tibrewal of history of the new fund
Kotak Mutual Fund and Anand Radhakrishnan of manager, we
Franklin Templeton stepped down recently. got down to around
Both of them have been old hands in the industry. With 41 schemes across
Pankaj Tibrewal managing the mid and small-cap offerings 18 asset management
of Kotak for close to 14 years, Anand Radhakrishnan, companies (AMCs) and
CIO – Emerging Markets Equity – India at Franklin 32 fund managers.
Templeton, has been the long-time fund manager of The three-year
various equity funds, including flexi cap, large cap, performance comparison of
technology fund etc. R Janakiraman has taken over as the these funds pre- and post-exit, with
new CIO in Radhakrishnan's place. respective category average returns, reveals an
While significant developments like these may trigger unequivocal conclusion – you need not be overly
concerns among investors, does a change in fund manager concerned about a change in the fund manager.
signal a decline in performance and merit excessive worry? To provide some specific numbers (Refer to the table
We conducted a study to address the question. 'Not every wave is a storm'), the performance remained
broadly unimpacted in 58 per cent of the cases. In around
Impact of manager shifts on fund performance 32 per cent of the cases, the change turned out to be a
To analyse the impact of prominent fund manager exits on blessing in disguise, while only in 10 per cent of the cases
the funds' performance, we did a comprehensive study of did the fund's performance experience a dip.
such changes over the last 10 years, spanning mainstream Talent retention and fund manager continuity are
equity categories in our coverage. essential for mutual fund investing. That's why AMC's
credibility and fund manager reliability are pivotal to our
fund analysis. However, as the table shows, not every fund
Not every wave is a storm manager shift warrants action from investors.
Why? Because the new fund manager can also possess
Out of the 41 funds analysed, most have witnessed similar or
improved performance post a fund manager's exit rich expertise in fund management, enabling performance
sustainability. More importantly, many AMCs have
Fund performance*
reasonable research depth and institutionalised
Impact on
frameworks to help with style continuity and, therefore,
Pre-exit Post-exit No. of funds performance
the fund's performance.
Above average Above average 21 No change
Below average Below average 3 No change Investor takeaways
Below average Above average 13 Improved While you should be watchful of upheavals in fund
Above average Below average 4 Worsened
management, taking drastic measures in haste, such as
exiting the fund and incurring capital gains tax, can be
* Funds that have beaten category average returns are classified as above average and
vice-versa
avoided. In most instances, it is better to let things settle
down before making a decision.

14 Mutual Fund Insight January 2024

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 FUND RADAR

The fund that can make IPOs

make sense Most rewarding IPOs since 2018
Company Listing date Return Invested?
Putting Edelweiss Recently Listed IPO Route Mobile 21-09-2020 343% Yes
Fund under the lens Laxmi Organic Industries 25-03-2021 313% No
Nureca 26-02-2021 297% No
By Pankaj Nakade

T
Paras Defence and Space Tech 01-10-2021 268% No
he recent IPO (initial public offering) Happiest Minds Technologies 17-09-2020 230% Yes
craze has attracted strong interest from retail Adani Wilmar 08-02-2022 189% No
investors and mutual funds. The last 27 IPOs Burger King India 14-12-2020 169% No
launched in the past three months have raised
Clean Science and Technology 19-07-2021 168% Yes
`26,252 crore. Yet, not all IPOs perform well
MTAR Technologies 15-03-2021 150% Yes
on listing; some enter the market with inflated valuations.
Cyient DLM 10-07-2023 149% Yes
Of the 166 IPOs launched since March 2020,
41 are still trading below their issue price. Veranda Learning Solutions 07-04-2022 146% No
Given such unpredictability, how does one invest in Sona BLW Precision Forgings 24-06-2021 145% Yes
IPOs? For the uninitiated, you can invest in IPOs directly
or through mutual funds. Managed by professionals, Most disastrous IPOs since 2018
mutual funds offer diversified exposure and potential Company Listing date Return Invested?
proportionate allotment in oversubscribed IPOs. However,
Apollo Micro Systems 22-01-2018 -95% No
investors incur management fees and have limited control
IRCON International 28-09-2018 -92% No
over IPO selections. On the other hand, direct investing
in IPOs allows autonomy but requires research and Sigachi Industries 15-11-2021 -83% No

exposes investors to uncertainty. FSN E-commerce Ventures 10-11-2021 -80% Yes

Importantly, mutual funds have a tax advantage, too. Vishwaraj Sugar Industries 16-10-2019 -78% No
The gains are not taxable until the fund is sold. On the HP Adhesives 27-12-2021 -74% No
other hand, individual IPO exits (within a year) incur a One97 Communications 18-11-2021 -73% No
15 per cent capital gains tax. Stock returns in the first six months post listing from the issue price. Data for IPOs launched
So, is there a mutual fund that focuses on IPO till October 31, 2023.
investing? Enter Edelweiss Recently Listed IPO Fund.
Launched in 2018, it invests at least 80 per cent of its 197 IPOs launched between the fund’s inception and
portfolio in stocks from the universe of recently listed 100 October 2023, it invested in only 73.
IPOs. Based on SIP returns, the fund has outperformed That said, the fund's selection has been a mixed bag.
the broader equity market and the IPO index in the last While it participated in many blockbuster IPOs, it missed
three-year and five-year periods. out on some big opportunities (see table 'Most rewarding
IPOs since 2018'). Importantly, barring FSN E-commerce
SIP returns (in %) Ventures, it has also dodged most disasters (see table
3-year 5-year 'Most disastrous IPOs since 2018').
Edelweiss Recently Listed IPO Fund 18 23
S&P BSE IPO Index 14 21 6\Y^VYK
S&P BSE Sensex 13 16
The fund has performed well in a buoyant IPO market.
However, it is yet to witness a bear market phase. And
Data as on December 1, 2023
since the fund’s ability to avoid poor IPOs is
praiseworthy, it can be considered if you are an
:LSLJ[P]P[` aggressive investor seeking a hands-off approach to ride
This fund is highly selective in its approach. Of the the IPO wave.

16 Mutual Fund Insight January 2024

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Subscription copy of [[email protected]]. Redistribution prohibited.
 FUND RADAR

10 Indian funds that are riding

the tAIdal wave
We identify five passive and five active funds
By Karan Jaiswal

A
rtificial Intelligence (AI) is now at the front and
centre of our daily lives. It has revolutionised
several areas of our lives without us even
realising it. From YouTube recommendations to
Grammarly and ChatGPT, AI has become accessible to
everyone. As per PwC, AI will contribute $15.7 trillion
to the global economy by the end of the coming
decade! To put things into perspective, if AI were a
country, it would have the third-largest economy in the
world by 2030, bigger than India and behind only the
US and China.
Given AI is tipped to be a generational game
changer, why should we – the Indian investors – miss
out on investing in them?

Spotting the AI stocks

But first, let’s identify what we mean by AI stocks by
citing a Motley Fool article titled ‘Trillion-dollar wealth
shifts: from the Internet … to smartphones … to AI’. In Active funds
this article, they identified eight companies as part of Even active funds – schemes with a fund manager to do
the AI pack: their stock picking – have poured large amounts of
z Alphabet (Google)
z Amazon
Top five passive funds with maximum
z Advanced Micro Devices (AMD)
investment in AI stocks
z ASML Holding N.V.
z Money invested by ETFs/ index funds (in ` cr) z Scheme allocation (in %)
z Meta (Facebook)
z Intel Motilal Oswal 2,013 33
NASDAQ 100 ETF
z Microsoft
z NVIDIA Mirae Asset 766 51
NYSE FANG+ ETF
Although none of these ‘AI companies’ are based in
India, various Indian mutual fund schemes – active Motilal Oswal S&P 532 20
500 Index Fund
and passive – have invested in them.
ICICI Prudential NASDAQ 33
284
100 Index Fund
Passive funds
Let’s look at the ETFs and index funds that have Mirae Asset S&P 35
197
500 Top 50 ETF
substantial investments in these eight AI stocks. They
have a sizable share because they mimic their Note: The figures are rounded off to the nearest whole number. The list only includes the
passively managed funds that have invested the maximum amount in the eight AI stocks. It
underlying index (See graph 'Top five passive funds excludes Fund of Funds (FoFs). Scheme holdings are as of October 31, 2023.
with maximum investment in AI stocks').

18 Mutual Fund Insight January 2024

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Subscription copy of [[email protected]]. Redistribution prohibited.
 FUND RADAR

having an 88 per cent share of the total AI investment

Top five active funds with maximum investment worth `12,011 crore in actively managed schemes. The
Parag Parikh Flexi Cap Fund has invested the most in these five funds are:
stocks, putting nearly 16% of its assets in them z Parag Parikh Flexi Cap Fund
z SBI Focused Equity Fund
z Microsoft z Alphabet Inc Class A (Google) z Amazon.com
z Meta Platform (Facebook) z Alphabet Inc Class C (Google) z SBI Flexicap Fund
z SBI Magnum Global Fund
Invested value (` cr) Total invested assets (%)
z ICICI Prudential US Bluechip Equity Fund
Parag Parikh 6,986 (16%)
Flexi Cap
Quick observations
SBI Focused z One, there is a preference for Alphabet (Google),
Equity 2,066 (7%)
with four of the five schemes having invested in the
California-based tech titan.
SBI
733 (4%) z Two, none of the five funds currently have holdings
Flexicap
in NVIDIA stocks.
SBI Magnum
671 (11%)
Global Key takeaways
You can own AI stocks via two routes:
ICICI Pru US
133 (5%) z First is through ETFs and index funds tracking the
Bluechip Equity
US-based NASDAQ index. They provide a broader
Note: The figures are rounded off to the nearest whole number. The list excludes Fund of
Funds (FoFs). Alphabet's (Google) Class A and Class C shares are considered. Scheme exposure to all eight AI stocks. (Our readers may know
holding as of October 31, 2023.
that we recommend NASDAQ for investors seeking
geographical diversification)
Indian investors’ money into the eight AI stocks. In fact, z The second is through active funds. But consider them
the number of such schemes exceeds double digits. only if you have a more focused investment strategy.
But, as shown in the above graph, the AI investment While our study did not include Fund of Fund schemes,
is concentrated among a few funds, with the top five it's worth noting that investors could explore this option.

Zomato: FOMO or the next big thing?

The number of mutual funds investing in Zomato has nearly doubled since April 2023
Monthly closing price Number of schemes invested Mutual fund holding (` cr)
240 12,000
215
200 10,000

A 12% spike in stock prices in a month

160 8,000
has piqued interest from fund houses
125 126
120 6,000
100
80 77 4,000

40 2,000

0 0
Jul-21 Oct-21 Jan-22 Apr-22 Jul-22 Oct-22 Jan-23 Apr-23 Jul-23 Oct-23
Note: Mutual fund scheme data till October 31, 2023. Monthly closing price of stock till October 31, 2023, ACE Equity.

20 Mutual Fund Insight January 2024

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 CATCH THEM YOUNG

Introducing To Know More Scan the QR Code

Bandhan Nifty Smallcap

250 Index Fund
Scheme Riskometer
Bandhan Nifty Smallcap 250 Index Fund
(An open ended scheme tracking Nifty Smallcap 250 Index)
7KLVSURGXFWLVVXLWDEOHIRULQYHVWRUVZKRDUHVHHNLQJ 
r7RFUHDWHZHDOWKRYHUDORQJWHUP
Investors understand that
r,QYHVWPHQWLQHTXLW\DQGHTXLW\UHODWHGLQVWUXPHQWVEHORQJLQJWR1LIW\6PDOOFDS,QGH[
their principal will be at
Very High risk ,QYHVWRUVVKRXOGFRQVXOWWKHLUƬQDQFLDODGYLVHUVLILQGRXEWDERXWZKHWKHUWKHSURGXFWLVVXLWDEOHIRUWKHP

Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.

Subscription copy of [[email protected]]. Redistribution prohibited.

 SPECIAL REPORT

Target-maturity funds:
In a bull’s eye phase
With interest rates topping out, these funds shine bright.
Here’s an update on them.
By Sneha Suri

T
arget-maturity funds (TMFs) have grown
multi-fold within a span of about four years.
With an asset base of over `1.8 lakh crore,
target-maturity funds are the largest debt
fund category, comprising 17 per cent of the universe
(excluding liquid and overnight funds).

A brief explainer
TMFs have a fixed tenure; at the end of it, the money
and accumulated gains are returned to the investors.
These funds replicate the performance of a chosen
debt-based index, so there’s no active management
involved. The fund manager simply buys and holds
similar maturity securities based on the index.
Such funds aim to help you ‘lock in’ a rate of return
with a reasonable degree of chance that you will achieve
it, provided they are held over the entire holding period.
Since the current set of funds comprises high-quality
portfolios, the default risk is low.

Their investment case

Given that we are at the top of the high-rate cycle,
investing in these funds makes sense because you can

Rising popularity of target-maturity funds TMF yields across different maturity buckets
100 z Number of funds z AUM (` cr) 2,00,000 z Average yield (%) z Number of funds
7.48 38 7.49
75 1,50,000 7.42
24 7.45
7.35
19
50 1,00,000

25 50,000
2 8
0 0 Up to 1-3 3-5 5-7 Greater than
2020 2021 2022 2023 1 year years years years 7 years
Note: All data as of October end; Excluding Fund of Funds Note: Data as of October 31, 2023; Excluding Fund of Funds

22 Mutual Fund Insight January 2024

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ƱďŜ̈́ŠŖĴëũåŤ̈́ďŜ̈́“ũďŤÉäĥð̈́ąĴŖ̈́ďĭžðŜŤĴŖŜ̈́ſČĴ̈́ÉŖð̈́ŜððĢďĭĆ̀ “åČðĬð̈́ďŜĢĴĬðŤðŖ

Moderately
Moderate
High
er to
e
at

H
M ow

ig
h
od
L
Low

Very
High

RISKOMETER
Investors understand that their
principal will be at very high risk

Subscription copy of [[email protected]]. Redistribution prohibited.

 SPECIAL REPORT

‘lock in’ the higher yields and derive the benefits by Target-maturity funds providing good yields
staying put for the fund duration.
Maturity Net
 While there are several TMFs to choose from, they Fund name bucket YTM (%)
aren’t too different from each other. Most funds offer good
BHARAT Bond ETF - Apr 2025 7.72
yields, low expense ratios and high-quality portfolios
across different maturity buckets. BHARAT Bond FOF - Apr 2025 7.65
1-3
 An investor may argue that directly investing UTI Nifty SDL Plus AAA PSU Bond years 7.61
in government securities is a better option, given Apr 2026 75:25 Index Fund
the attractive yields across maturity buckets. However, HDFC Nifty SDL Oct 2026 Index Fund 7.56
they lose out from a taxation perspective. Mirae Asset Nifty SDL Jun 2027 Index Fund 7.64
 When you invest in a TMF, you need to pay tax only
Axis CRISIL IBX SDL May 2027 Index Fund 3-5 7.60
when you sell. Until then, your returns will keep years
Nippon India Nifty AAA CPSE Bond Plus SDL - 7.59
accumulating. Thus, only the capital appreciation part
Apr 2027 Maturity 60:40 Index Fund
attracts tax liability.
 Meanwhile, in the case of listed government bonds, the BHARAT Bond ETF - Apr 2030 7.66

interest is added to your income and taxed as per your ICICI Pru Nifty SDL Dec 2028 Index Fund 7.62
5-7
slab every year. Additionally, selling the bond after a year BHARAT Bond FOF - Apr 2030 7.59
years
will attract long-term capital gains of 10 per cent. Hence,
Nippon India Nifty SDL Plus G-Sec - 7.52
both regular income and capital appreciation are taxed. Jun 2029 Maturity 70:30 Index Fund
So, overall, a target-maturity fund is a better option as
UTI CRISIL SDL Maturity Apr 2033 Index Fund 7.69
it provides diversification, convenience and tax efficiency.
BHARAT Bond ETF - Apr 2031 More than 7.65
The table on the right shows target-maturity funds
BHARAT Bond ETF - Apr 2032 7 years 7.65
across different maturity buckets that provide good yields
and look decent on aspects such as expense ratio and Kotak Nifty SDL Jul 2033 Index Fund 7.65
assets under management (AUM). Note: YTM is yield to maturity; Data as of October 31, 2023

6XEVFULEH1RZ
Insights into Indian mutual funds
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 Together for more

A Multi Asset portfolio for

your wealth

1 ...is like a wholesome meal

for your health
Baroda
da BNP Paribas
Pa Inception Date 19-Dec-22

Multi Asset Fund

(An open ended scheme investing in Equity, Debt and Gold ETF)

A healthy diet needs a wholesome meal with proteins, carbohydrates, vitamins, and mineral, each having its unique
characteristics. Just like a wholesome meal, each asset class - Equity, Debt and Gold has its unique traits. But when combined
together in the right proportion it can create a wholesome portfolio.
The fund invests in multiple asset classes that has the potential to perform across all market conditions and aims to generate
wealth in long term.

Convenience Diversification Optimal Risk adjusted Returns

Access to multiple asset classes saves Offers lower risk by spreading Different asset classes with varying
the hassle of investing and tracking investment across asset classes. returns and risks, has potential to
investments in multiple strategies. provide optimal risk adjusted returns.

1800 2670 189 (Toll free) [email protected] www.barodabnpparibasmf.in

BARODA BNP PARIBAS MULTI ASSET FUND Riskometer^

(An open ended scheme investing in Equity, Debt and Gold ETF)
Moder
a
This product is suitable for investors who are seeking*: Moderate High tely The word ‘more’ does not imply
der o

Wealth creation in long term. more returns or assurance of

Mo Low t
ate

Investors understand
Hig

scheme performance. It refers to

h

Investment in equity and equity related securities debt that their principal
will be at Very High risk. the additional value provided by
and money market instruments and Gold ETF
Very
Low

High

the joint venture, as compared

^basis portfolio of the Scheme to Baroda AMC and BNP Paribas
*Investors should consult their financial advisers if in
doubt about whether the product is suitable for them.
LOW VERY HIGH as on November 30, 2023. AMC individually.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Subscription copy of [[email protected]]. Redistribution prohibited.
 SPOTLIGHT MANISH GUNWANI Head – Equity, Bandhan AMC

‘Indian equities likely to be a

bright spot in global markets’
Manish Gunwani discusses Bandhan AMC’s outperformance

M
anish Gunwani’s arrival at Bandhan AMC inclusion, structural improvement in India’s current
earlier this year resulted in a remarkable account due to service exports, etc.
turnaround in their equity schemes. In our Thus, Indian equities are likely to be a bright spot in
latest interaction with him, we understand the changes the global capital markets in the medium to long term.
he has implemented at Bandhan, how he shifted the
performance gears of their equity funds and his overall You are known for following a growth style of
investment strategy. investing. Can you elaborate on your overarching
investment philosophy at Bandhan Mutual Fund?
Bandhan Core Equity Fund and Bandhan Small In a country like India, which structurally has the
Cap Fund moved to the first quartile after you highest nominal GDP growth among major economies,
took over them. How did you reverse the we believe most of the portfolio has to ride on long-
underperformance of the latter, in particular? term earnings growth to capitalise on the
On a broader level, the performance has opportunities available. However, the ability
been helped by our investment in to play the cycle of an industry or theme,
building up an experienced research whether it is in the category of growth
team, which has led to deeper and or value, is probably more important
wider coverage of stocks. More nowadays as cycles are becoming
specifically, this calendar year, the shorter and price discovery is faster.
funds have participated in themes like
energy transition and power capex, Have you implemented
pharma, auto, real estate, etc., which has any notable changes in
helped performance. Bandhan’s internal processes or
investment approach?
The markets have been on a roller- It is a continuous journey to improve
coaster this year. Now that we seem to the processes and investment culture
be approaching the end of this monetary – three of the most important
tightening cycle, what’s your outlook on focus areas for us have been:
domestic equities in the near term vis-à- z To build a great research
vis the global markets? team with adequate
Near-term tactical indicators of the width and depth.
market are not very promising – z Have a
recent returns have been high, credit comprehensive risk
spreads globally are low, volatility is management
low, etc. However, in the medium system for our
term, apart from India’s strong funds.
fundamentals, the liquidity angle z Measure
also looks promising – the dollar performance
is likely to be soft, competition objectively
for flows within emerging and with a long-
markets is not great, bond index term view.

26 Mutual Fund Insight January 2024

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 Why the substantial increase in holdings for
Bandhan Core Equity Fund and Bandhan Small High number of stocks
Cap Fund, particularly the latter with 117 stocks at a
manageable asset size of `2,200 crore?
helps us increase
We feel funds should be run in a scalable manner presence across major
where even if the fund size goes up a lot relative to sectors and curtail
the current level, then the performance should not be
affected. We believe that both these funds have
macro risks
immense potential in scaling up, and the high number
of stocks gives a lot of flexibility. Also, the high
number of stocks is due to the fact that we prefer to There is a notable rise in your cash holdings
have presence across all major sectors to curtail recently. What’s your strategy on taking cash calls?
macro risks. We are clear that we are benchmark-focused investors,
and hence, for almost all our funds, we do not go above
For many of your peers, this is a dream fund size 8-9 per cent in cash. Within this range, it is as per the
to run a conviction-driven small-cap portfolio fund manager’s discretion. Clearly, the broader market
where promising picks can blossom to their full has done well this calendar year, and given the
potential. Don’t you think there is a potential uncertainty around a few key events in the near future
opportunity loss in adopting such a diversified strategy? (the shape of a slowdown in the US, elections in India,
In small caps, when you run concentrated funds, there is etc.), there is a bit of an increase in our cash levels.
a higher liquidity risk and higher macro risk (as given the
higher number of sectors/themes in small caps, Can you share insights about your equity
concentration typically implies not having a presence in a management team’s size, composition and roles?
lot of these, which can hurt if the macro context changes Besides me, we have three senior fund managers and
rapidly like during COVID). We feel that granular, nine analysts, many of whom also contribute to fund
consistent alpha over the long term is more important management.
than flashy short-term performance.
What is the universe of stocks under your active
How do you select stocks in the mid and small- coverage? What processes are followed for the
cap universe? inclusion and exclusion of names from this list?
As you go down the curve of market capitalisation, in We cover more than 450 stocks currently. We do not
general, the liquidity risk goes up, so the thought process include stocks under coverage if we feel that corporate
tends to move from benchmark orientation to absolute governance or sustainability of the business model is
return over the medium to long term. From a target return an issue. Within each sector, we broadly cover all
viewpoint, in small caps often, we like to evaluate if the stocks above the $2 billion market cap. Below that, we
stock can double in three to four years. Also, one needs to may be a bit selective based on the prospective
focus a lot on terminal value as if this is under threat, the returns of the stock.
derating of the stock can be swift and permanent.
What captures your interest in new-age
The recent shifts in sectoral allocation within your businesses, as evident by your recent
funds suggest an attempt to align exposure with the investments in Zomato and Paytm?
benchmark. Is this interpretation correct? Most of the growth stocks in India, if looked from the
In general, we are of the view that extreme skew on perspective of discounted cash flow analysis (which is
sector or style should be avoided. In the current the core fundamental method for valuing stocks), would
context, we have been through two phases of the derive the majority of their value from cash flows beyond
market, which have been mirror images of each other the next 10 years. In that context, current-year profits are
– in 2017-19, large caps, growth and quality not very relevant, and thus, ignoring stocks that are loss-
outperformed, whereas in 2020-23, mid/small caps, making as a rule is not something that we favour.
value and cyclicals outperformed. Hence, from a top- However, it is clearly important to buy loss-making stocks
down view, it may be better to run a middle-of-the- with enough margin of safety that the returns are in line
road portfolio with a higher focus on stock selection. with the risk that is being taken.

Mutual Fund Insight January 2024 27

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 DON’T PUT OFF
TAX SAVING TILL
THE LAST MINUTE

E veryone knows that spending sensibly and saving

regularly is key to financial security. Yet, many are not
able to save as much as they want to. People who fail to “The main problem with today’s
save, mostly have a steady income and are well-informed
about the importance of saving, yet they are victims of generation is that they never feel
their own aspirations. The emotions attached to money they have enough to save.”
decisions often makes cutting back on spending tough.
They simply cannot do the right thing and invest in
saving tax even though they often, feel guilty about not
doing it. But truth to be told, one needs to understand meet at different life stages. This efficient tax planning
that investing in tax-saving instruments is important not should ideally be done at the start of the year. To go easy
just for the time being but also for the long run.When one on the pocket, one can start something as simple as an SIP
invests in a tax-saving instrument, they save tax and at in ELSS. It ensures regularity and discipline of investment
the same time save up for the various goals they need to while serving the purpose of saving tax.

ELSS Benefits of Investing in Equity

Linked Savings Scheme (ELSS)
The smart way of
saving tax
Reduce Tax
+ Growth

Under Section 80C of the Liability Potential

Income Tax Act, ELSS helps Lowest Lock-in

in tax savings of up to 64,116*

Period

* The individual is assumed to earn a taxable income of more than Rs. 5 Crore. The effective tax rate is 30% marginal tax + 37% surcharge on the tax rate + 4% Health and Education Cess = 42.74% i.e. highest marginal
tax bracket. The individual is assumed to utilise the complete tax deduction limit of Rs. 150,000 per financial year under Section 80C of the Income Tax Act. This deduction is allowed to an individual or a HUF. This is only
to illustrate the tax-saving potential of ELSS and is not tax advice. Please consult your tax consultant for tax purpose. This is applicable assuming the person is in the old tax regime. As per New Income Tax Regime most
of the deductions/exemptions such as section 80C, 80D, etc. are to be foregone. The new Income-Tax regime will be the default option with effect from Assessment Year 2024-25 (Fiscal Year 2023-24). However, the choice
to remain with the old tax regime will still be available for the taxpayer.

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 Kotak ELSS Tax Saver Fund
An open-ended equity linked saving scheme that helps you save tax under Section 80C of Income Tax Act and aims
to generate long-term capital appreciation.

Of all the number of investment options that can give you tax-saving benefits, ELSS could play a role of an efficient tax
saving instrument from the view point of a working professional. It is considered to be an ideal tax saving instrument
offering potential capital appreciation along with tax benefits with the shortest lock-in period of
3 years. Investors can also avail SIP facility to spread out the period of investment over a long
period of time and utilize it to average the cost, which can reduce the tax incidence and may
garner competitive returns.

A Diversified Equity Fund

The fund invests in diversified stocks and is not biased by market capitalization.

Offers Tax Benefits

Investments made in ELSS are eligible for a Tax Deduction of up to 1.5 lakh
under Section 80C of Income Tax Act. This benefit attracts new as well
Meet the Fund Manager
as experienced investors.
Mr. Harsha Upadhyaya
President & Chief Investment Officer - Equity, Kotak AMC Ltd.

Gateway to Equity
New to equity? ELSS can be an apt option to get Mr. Harsha Upadhyaya heads the equity desk at
yourself exposed to equity & the power of compounding. Kotak Mahindra Asset Management Company.
Harsha has over two decades of experience, spread
Lowest Lock-in across equity research and fund management.
There is a mandatory lock-in period for all major tax saving He completed his Bachelor of Engineering
investment schemes and plan. However, ELSS has the (Mechanical) from National Institute of Technology,
lowest lock-in period of just 3 years that is enough time to Surathkal, and holds a Post Graduate
instill discipline. Diploma in Management (Finance) from Indian
Institute of Management, Lucknow. He also holds
Comprehensive Investment Strategy Chartered Financial Analyst charter from the CFA
Emphasis on bottom-up stock selection with top-down Institute, US.
thematic overlay helps identify stock opportunities.

Kotak ELSS Tax Saver Fund

(An open-ended equity linked saving scheme with a statutory lock-in of 3 years and tax benefits)

This product is suitable for investors who are seeking*

y Long term capital growth with a 3 year lock-in period.
y Investment in portfolio of predominantly equity & equity related securities.
Investors understand that their principal
will be at very high risk
*Investors should consult their financial advisor if in doubt about whether the product is suitable for them.
The above riskometer is based on the scheme portfolio as on 30th November 2023. An addendum may be issued or updated on the website for new riskometer.
Advt.

MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.

Subscription copy of [[email protected]]. Redistribution prohibited.

 THE PLAN

How to handle
market volatility
with confidence
The financial plan for an anxious
35-year-old

By Shubham Jain Aman’s income and expenses

M
eet Aman, a 35-year-old engineer and a Monthly income `1 lakh
devoted father to a two-year-old girl. He earns
about a lakh every month and has recently
relocated to Delhi due to a job transfer. At present, he
`
and his wife live in a rented residence. Rent SIP
Acting on a friend’s recommendation, Aman dipped Monthly expenses `20,000 `10,000
his toes in equities for the first time in 2020 after the `60,000
COVID market crash in March. He invested a total of Savings
`2.4 lakh in three equal monthly instalments, which `10,000
grew to `2.98 lakh by October 2020. Impressed by the
substantial returns, Aman started a monthly SIP of
`10,000 in a flexi-cap fund. All his investments have Since Aman is currently in his accumulation phase,
now accumulated to about `10 lakh. his focus should be on the long-term view rather than
But like many investors, the market volatility this worrying about short-term market volatility.
year and the fear of a global recession got Aman
worried. Contemplating the approach to be taken, +VU»[NVHSSPUPUKLI[
Aman seeks our advice on: While the allure of stability and current high yields in
z Whether to switch to debt as it is safer debt is tempting, an exclusive 100 per cent debt
z If he should stop his SIPs allocation is an unproductive strategy.
z Planning for his daughter's education and ensuring a As Aman’s goals are far away, an equity-heavy
stress-free retirement portfolio is recommended. He should decide on an
asset allocation plan that will help him harvest returns
,X\P[PLZHYLPUOLYLU[S`]VSH[PSL in a systematic way.
Before recommending a plan for Aman, it is essential For him, an ideal equity-debt allocation can be 70:30
to reiterate that volatility is an inherent part of the or even 80:20.
market. Be it the Global Financial Crisis of 2008 or the A small allocation to fixed income will cushion the
COVID-19 pandemic market crash of 2020, historical downfall in a severe market crash, while a higher
trends demonstrate that markets rebound and offer exposure in equity can help Aman earn inflation-
significant returns to those who remain invested and beating returns over the long term.
don’t panic. For the equity portion, Aman can continue with

30 Mutual Fund Insight January 2024

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 Tax ki Chutti
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Sapno ka Safar

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Start a SIP* in ELSS Funds

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MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.
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 THE PLAN

Are aggressive hybrids a solution for How much SIP does Aman need?
conservative investors?
Aggressive hybrid funds tend to fall less compared to flexi-cap funds `
during market crashes
Daughter's education Retirement Total SIP
z Sensex z Flexi cap z Aggressive hybrid (SIP) (SIP) amount
0%
Aggressive hybrid `4,600 `19,300 `23,900
-5
Assumptions: SIPs are stepped up every year by 10%; Returns are at 10% p.a. Returns
-10 during post-retirement phase are at 9% p.a; Life expectancy is 85 years; Inflation is at 6% p.a

-15
-20 opportunity for Aman to continue his SIPs and
-25 capitalise on the opportunities to earn higher returns
-30 (See the graph 'Why you shouldn't stop SIPs in
Oct-08 Mar-20 Jun-08 Jan-08 Sep-08 falling markets').

* Data of the five worst monthly falls of Sensex

/V^JHU(THUHJOPL]LOPZNVHSZ
Aman wants to accumulate `20 lakh in today’s terms
flexi-cap funds and choose short-duration funds for the for his daughter’s higher education, which he will
debt portion. need after 20 years. He also wants to amass a sufficient
Alternatively, he can opt for aggressive hybrid funds corpus for his retirement after 25 years.
as they maintain a similar equity-debt allocation. After considering inflation, he will need around
These funds tend to fall less during crash periods than `65 lakh for his daughter and `5.5 crore for his
the market and flexi-cap funds. retirement (For safety, we have assumed the amounts
However, if Aman chooses to make this switch, he to be `70 lakh and `6 crore, respectively).
must be mindful of the capital gains tax liability. Gains The above graph 'How much SIP does Aman need'
beyond `1 lakh on selling equity funds after a year are shows how much Aman needs to invest in order to
taxed at 10 per cent. On the other hand, gains on achieve these numbers.
selling them within a year are taxed at 15 per cent.
>OH[ZOV\SK(THUKV
+VU»[Z[VW`V\Y:07Z z Increase his SIP from the existing `10,000 and step
A falling market unveils a unique opportunity to it up annually by 10 per cent.
accumulate more mutual fund units at lower prices. z Trim his monthly expenses from `60,000 to
That’s ideal because you would want to buy approximately `55,000 as his savings (after considering
investments at a lower price and sell them later at a the new SIP amount) are not enough to help him
higher price. So, a falling market is actually an increase the SIP amount every year.
z To do this, he will have to craft a budget that will
enable him to strike a balance between his essential
Why you shouldn't stop SIPs in falling markets needs and discretionary desires.
Constant investments of `10,000 made for 36 months between
January 1, 2008 and December 31, 2010 +VU[PNUVYL[OLZL
z Value if put in a bank deposit (` lakh) z Maintain a contingency fund that equals six
z Value if invested in a flexi cap (` lakh) months of your monthly expenses. It should be in a
20.0 combination of sweep-in deposit and liquid fund.
11.0 z An adequate life cover through a pure term plan is
5.3 a must if you have financial dependents. The
4.1
life cover's sum assured should also cover all
outstanding loans.
z Get adequate health cover for all the family
As on Dec 31, 2010 As on Dec 31, 2023 members, as medical expenses can drill a hole in
the pocket.

32 Mutual Fund Insight January 2024 Mutual Fund Insight January 2024 32
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 COVER STORY

How to save enough

for retirement
The magic number doesn’t rely on high investment returns alone
By Ashish Menon

Subscription copy of [[email protected]]. Redistribution prohibited.

 COVER STORY

T
he magic number to get rich
could be any outlandish figure When will you have enough?
you can dream of. No wonder Save more, be financially independent sooner
some so-called finance experts 54 Years to retirement
have a field day at your
expense. They play to the gallery by 43
promising ‘safe-as-bank’ investment 36
31
options that deliver amazing returns. 27
Easy access to 24
The first point soothes our nerves; the 19
misinformation 15
second is our instant gratification, where pushes us towards
the numbers seem irresistible. reckless financial
But we fail to realise that instant behaviour, when
5 10 15 20 25 30 40 50
gratification is a false god, a fleeting in fact, the magic
Savings rate (%)
pleasure – more so when it comes to number to get rich
Note: Assuming an annual increase in income by 5% (in line with
money. The ‘easy-access-to- lies within us inflation) and equity returns of 12%.
misinformation’ culture takes away our
control over our finances, pushing us
towards wretched financial behaviours the investment can do for you; ask what
when, in fact, the magic number to get you can do for your investment.” In plain
rich lies within us. speak, that magic number to get rich, dear
reader, is not your returns but your
There’s an ‘I’ in rich savings rate. How much money you invest
That’s right. Look inward. To slightly dictates your fortune.
tweak former US president John F The savings rate is the percentage of
Kennedy’s historic words, “Ask not what your income you can save for your future.
It is arguably the most reliable predictor of
how wealthy you can get. And it is one of
It’s not about how It’s about how the few things in your control in the
much you earn much you save investing world. Yet, it is something
seldom spoken of.
If you think about it, a high investment
`1,00,000 Income
`1,00,000 return will only make you rich if your
per month per month savings rate is good. Hence, the need to
save more.

`5,000 Monthly `25,000 The curse of low savings

investment Here’s another insight. If you save only
5 per cent of your income each month,
you’ll have to work well into your 70s to
get rich. That means you’ll have to work
5% Savings
rate 25% almost your entire life to become wealthy.
per annum per annum
By rich, we mean you have amassed
sufficient wealth, so you no longer need to
work for money.
15% Investment
returns
9% Ideally, that corpus should equal
per annum per annum
25 times your annual expense – a figure
that will keep changing as your expenses
grow over time. But if this sounds too
Corpus
`1.38 cr after
25 years
`2.66 cr daunting, worry not. We offer a solution in
the shape of step-up SIPs towards the end
of this piece.

34 Mutual Fund Insight January 2024

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The ideal savings rate
A
30 per cent savings rate can be an ideal
starting point. Save that much, and The ideal savings rate based on when you start investing
you’ll be ready to rock it in retirement in One should aim for at least 25x the annual expense for a comfortable retirement
24 years. This means that if you start saving z Adequate corpus z Manageable corpus z Insufficient corpus
30 per cent of your income from age 25, you’ll Starting Savings rate
be rich even before you turn 50! age 15% 20% 25% 30% 40% 50%
Latecomer Lallan reads this and decides to 25 24x 34x 46x 59x 91x 137x
follow this rulebook. He also learns the futility
30 17x 24x 32x 41x 63x 95x
of chasing returns. Thus, he considers a
35 11x 16x 21x 28x 43x 64x
relatively safe investment option and puts his
hard-earned money there. So far, so good. 40 7x 11x 14x 18x 28x 42x
But what he doesn’t realise is that he is 45 5x 7x 9x 11x 17x 26x
touching 40. The 30 per cent thumb rule does 50 3x 4x 5x 6x 10x 15x
not apply to him. It suits a 35-year-old or
Note: Assuming 5% annual growth in salary and 12% per annum equity returns.
someone younger. For latecomers, the savings
rate needs to be higher. If it isn’t, the risk of
running out of money in the silver years is who start later will fall short by some margin.
genuine. See the ‘Starting early is everything’ To avoid such a situation, the almost
illustration below, the 30 per cent savings rate is 40-year-old Latecomer Lallan will need to save
ideal for up to a 35-year-old only, whereas those close to 40 per cent.
If you see the ‘The ideal savings rate based
on when you start investing’ table above, we
Starting early is everything prescribe accumulating at least 25 times
Assuming they earned `50,000 p.m. at the age of 25, salary increment of 5% your annual expenses for a comfortable
each year and the return on investments is 12% p.a. retirement. Having such a corpus means you
can safely withdraw up to 4 per cent, which is
If one practically doable.
started 30% Meanwhile, a corpus between 17-25 times
savings rate at 45
means you will be withdrawing
Corpus deficit
4-6 per cent annually, which can be
If one
started 30% `3.06 cr unsustainable depending on equity market
savings rate at 40
conditions (highlighted in yellow), whereas
Corpus deficit anything less than 17 times means you are
`1.54 cr withdrawing more than 6 per cent annually, a
trend that can eat into your retirement corpus
(highlighted in orange).
25 times annual expense
Beyond this line is the safe zone A further reading of the above table suggests
`5.52 cr that for a 30-year-old to achieve 25 times her
annual expense, she’d need to save
If one 25 per cent of her monthly income. For a
started 30%
savings rate at 35 35-year-old, the ideal savings rate is closer to
30 per cent, and so on.
Corpus surplus
`55 lakh To sum up, the later you start investing, the
higher should be the savings rate to reach the
promised land of building a corpus that equals
25 times your annual expense.

Mutual Fund Insight January 2024 35

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 COVER STORY

The struggle to save

B
umping up your savings rate and non-negotiables we have to deal with.
getting rich is easier said than done. Having said that, some of the problems
Blame it on ballooning living costs. squarely lie with us: lifestyle inflation,
Childcare. Loans. Low income, especially FOMO and status upkeep. And the root
for younger people finding their footing in cause of this problem is financial
the adult world. These are some of the ignorance. Let’s explain why.

The spend-first Easy credit Focus on immediate

culture You get cheap loans to buy satisfaction
We earn, we spend. expensive items now. The We are obsessed with
What's left, if at all, EMI eats into your obtaining things that
is your savings. future savings. we want now.

1 3 5

2 4 6
Old habits die hard Formative influence Herd mentality
Most of us have never Many of us grew up in The FOMO culture is a
learnt the virtue of modest households. But huge cash drain. We also
saving now to achieve earning higher salaries now want what others have.
later goals. encourages us to buy or
experience things we
hadn’t before.

Even those of us who are financially aware face problems due to the following two reasons:

1. Timing the market 2. Spoilt for choice

Waiting for the right There are so many
time to invest means investment options
there's cash stashed that analysis paralysis
in your account. This can occur. You
money risks getting spend too much time
exhausted if you aren't thinking about where
too careful. to invest.

38 Mutual Fund Insight January 2024

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 COVER STORY

The solution to save more

T
he ‘status upkeep’ problem can be pay rise will be in the long run. Say you
solved in a single swoop. You save expect a 7 per cent raise each year, set your
before you spend. Not the other step-up mandate by 7 per cent as well.
way around. Let’s illustrate the importance of a step-up
Let’s say Person A saves 30 per cent of her SIP. If you keep making a `10,000 SIP
`50,000 income every month in a separate monthly in an equity mutual fund for
The magic number
account linked to her investments. That way, to get rich is not 35 years, your corpus may swell to
even if she goes shopping, her salary just any other `5.5 crore, but it would fall short of what
account can pay for the indulgences. That number. It’s a you need to retire peacefully. On the other
said, she shuns easy credit, knowing the reflection of how hand, if you increase your SIP by 5 per cent
EMIs can slow down her goal of getting rich. disciplined we are each year, your retirement nest egg would be
At this point, you may quickly calculate with our money in `8.6 crore. That’s enough money to lead
how much you can save. Maybe it’s just the long run. 30 years of your retirement doing nothing!
20 per cent of the income at the moment. This is the power of a step-up SIP.
That might make you feel miserable, but you To sum up, the magic number to get rich
have to start somewhere. Don’t wait for the is not just a number; it reflects how
right time to save a substantial amount, as it disciplined we are with our money in the
may never arrive. long run. It’s more about what you can do
Equity is the best path to prosperity. Sure, for your investment to get rich.
there are other options, such as gold, real
estate, fixed income and fad investments like
cryptocurrencies, but equity is the only asset Sink, swim or SIP
class that has delivered double-digit returns Assuming you saved `10,000 per month (20% of your income)
over the long term. from ages 25 to 60
You can invest in equity by buying stocks
directly or through equity-oriented mutual
Money needed to retire safely
(25 times the annual expense) `6.30 cr*
funds. While the former option requires If you
experience and skills, investing in mutual stepped up your
funds is straightforward, as they have SIP by 5% each year:
If you invest in
experienced fund managers who do the an equity fund via SIP: `8.62 cr
stock-picking for you. We suggest you invest `5.51 cr (Returns of 12% p.a.)
monthly in mutual funds through systematic (Returns of 12% p.a.)
investment plans (SIPs).
But do remember to step up on your SIP.
If you are a disciplined investor, increase
your monthly SIP each year. The step up
should be commensurate with your salary
If you decide
increment. For example, a 10 per cent salary to invest in debt:
hike should result in a 10 per cent increase
in your SIP. It will help you achieve a corpus
`1.72 cr
(Returns of 7% p.a.)
that will cover 25 years of your annual
expenses – and more.
But if you are not disciplined, we suggest
you create an automatic step-up mandate.
*Assuming a 5% annual salary growth and constant
Just ensure the SIP increase in percentage savings rate of 20%.
terms matches what you think your annual

40 Mutual Fund Insight January 2024

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 CATEGORY WATCH Short-duration funds

The resurgence continues

With high return expectations, the future of short-duration funds looks bright

S
hort-duration funds have made a comeback in Adding longer-duration papers to the portfolio
2023. As of November 30, 2023, an average fund Short-duration funds have the flexibility to invest in
has delivered over 6 per cent returns, as against longer-duration bonds, which is what they are doing
3.78 per cent in 2022. With this, the one-year rolling right now. As the rates have peaked, the capital
returns have reached the levels they were at two-and- appreciation from such bonds can amplify returns.
a-half years ago.
A case for liquid funds
Short-duration funds vs fixed deposits (FDs) Liquid fund returns look more attractive but
Short-duration funds no longer enjoy indexation benefits, whenever the RBI starts reducing rates, they will be
thus, stripping the tax advantage over FDs. That said, they the first to be squeezed. Here is where the charm of
still hold sway over FDs due to the following reasons: short-duration funds comes to the fore. They can
Q For starters, the gains from debt funds are taxed only optimise returns by staying within narrow, well-
when you sell the fund, whereas with FDs, the interest defined boundaries on duration and credit calls. This
earned is taxed every year. helps them sail through an entire rate cycle. Simply
Q Short-duration funds are more liquid than FDs, where put, liquid funds remain suitable for capital
you have to pay a penalty if you withdraw them early. preservation. While the all-weather nature of short-
Q While FDs admittedly provide more surety, short- duration funds makes them a suitable addition to
duration funds promise a fairly stable return trajectory your fixed-income portfolio.
over a longer-term investment horizon.
Q Short-duration funds are poised to pass on the gains on A case for target-maturity funds
market prices (capital appreciation) to investors once rates Target-maturity funds (TMFs) emerge as a viable
start to fall and bond prices (read NAV for debt funds) rise. investment option, specifically during times of higher
The expectation of better returns is reflected in these interest rates. They are a good fit for investors who
funds’ yield-to-maturity (YTM), which helps gauge the prefer return predictability, ensure their goal horizon
return potential of a fund’s portfolio. matches the fund’s duration and have no interim
As of September 2023, the average YTM of liquidity needs. Having said that, your core debt
short-duration funds stands at 7.6 per cent, which is allocation should still be in the more versatile short-
relatively higher compared to a three-year FD’s duration funds. You can find the analysis of our
7-7.25 per cent today. handpicked funds in the following few pages.

Key debt market developments and their impact

Major events How do they impact you?
z Capital appreciation from exposure to longer-duration bonds will pull up debt funds’ returns.
Interest rates topping out z Debt funds might witness some turbulence in the case of an unexpected development.
z Given their versatility, short-duration funds remain an evergreen category across rate cycles.

Indian bonds’ inclusion in JP Morgan Govt z Overall, a positive development for domestic debt markets.
Bond Index - Emerging Markets (GBI-EM) z No impact at the individual fund level.

z With the credit outlook becoming stable, funds that take higher exposure to lower-rated
bonds may start to outperform.
A favourable credit environment z Duration strategies may have the upper hand versus credit strategies.
z As our recommended short-duration funds take duration and credit calls within defined
boundaries, they remain a steady choice.

42 Mutual Fund Insight January 2024

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List of short-duration funds
REGULAR PLAN DIRECT PLAN
Rolling returns (%) Expense Quartile ranking Rolling returns (%) Expense Quartile ranking Assets Credit
Fund Rating 1Y 3Y (%) ’20 ’21 ’22 ’23 Rating 1Y 3Y (%) ’20 ’21 ’22 ’23 (` cr) quality

ABSL ST  4.98 7.16 1.04  5.73 7.90 0.38 6,018 AAA

Axis ST  4.64 7.04 0.90  5.34 7.76 0.35 7,799 AAA

Bandhan All Seasons Bond  4.25 7.10 0.50  4.61 7.51 0.09 119 AAA

Bandhan Bond Fund ST  4.12 6.78 0.78  4.62 7.31 0.31 8,651 AAA

Bank of India ST NR 17.76 1.59 1.06 NR 18.21 2.10 0.52 94 AAA

Baroda BNP Paribas Short Duration  4.28 6.32 1.05  4.99 7.07 0.38 234 AAA

Canara Robeco Short Duration  3.88 6.15 1.02  4.51 6.85 0.41 433 AAA

DSP ST  4.09 6.42 0.92  4.73 7.14 0.30 3,025 AAA

Groww Short Duration  3.12 4.67 1.60  4.36 5.92 0.40 38 GOI/Cash

HDFC Short Term Debt  4.72 7.39 0.74  5.18 7.74 0.37 12,302 AAA

HSBC Short Duration  3.89 6.59 0.75  4.39 7.11 0.27 3,373 AAA

ICICI Pru ST  5.51 7.26 1.07  6.28 8.09 0.45 18,709 AAA

Invesco India ST  3.62 6.23 1.20  4.50 7.13 0.35 445 AAA

Kotak Bond ST  4.11 6.75 1.17  4.96 7.63 0.37 13,624 AAA

LIC MF Short Duration  3.30 4.26 1.33  4.39 5.37 0.37 130 AAA

Mahindra Manulife Short Duration  3.93 - 1.26  4.94 - 0.29 45 AAA

Mirae Asset ST  4.11 5.76 1.15  4.97 6.62 0.32 356 AAA

Nippon India ST  4.34 6.79 0.94  5.16 7.61 0.37 6,123 AAA

SBI Short Term Debt  4.45 6.66 0.85  4.97 7.22 0.35 13,515 AAA

Sundaram Short Duration Fund  4.63 4.47 0.84  5.23 5.03 0.28 194 AAA

Tata Short Term Bond  4.11 5.44 1.19  4.99 6.39 0.33 2,247 AAA

TRUSTMF ST  4.54 - 0.73  5.06 - 0.23 105 AAA

UTI Short Duration  5.73 5.08 0.95  6.38 5.62 0.32 2,365 AAA

Fund with at least one-year data are mentioned above. For information on the rest, type the fund name in the search bar on www.valueresearchonline.com.

Performance Top quartile Second quartile Third quartile Bottom quartile

consistency: = Among top 25% in the category = Among top 25–50% in the category = Among bottom 25–50% in the category = Among bottom 25% in the category

Funds marked in this colour are our recommended funds. All data as of November 30, 2023. AUM and credit quality as on October 31, 2023. Funds suspended for sale have been
excluded. YTD as on November 30, 2023.

Best The authoritative guide

Funds zz Expert analysis and detailed data on handpicked funds by Value Research analysts
Learn how to build a winning portfolio and track its performance
For wealth, income,
short-term goals
and tax saving
z Performance data on every Indian mutual fund scheme

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 FUND
ANALYST’S
CH ICE
Regular 
AXIS SHORT TERM FUND Direct 
The fund, which weathered the Given the possibility of rate cuts, the
storm of rising interest rates well last fund can reap even more benefits from
year, has again proven its mettle. this strategy as higher-duration bonds
Generating more than 6 per cent gain more when the interest rates fall.
Devang Shah returns in 2023, the fund has beaten Shah, too, expects the rates to go
Co-Head Fixed Income
Axis Mutual Fund the category median yet again. down: “We expect the RBI rates to
remain on a pause till March 2024.
Calendar year returns Reasons for the good show However, we expect around 50 basis
12% z Fund-Direct z Category median While the fund has mainly stuck to its points of cuts in 2024. Hence, we have
9 strategy of investing in bonds maturing increased our exposure to longer bonds.”
6 between 2-4 years, it continued buying
3
more bonds with relatively longer Other notable mentions
0
2018 2019 2020 2021 2022 2023
maturities (greater than seven years) in The fund charges 0.35 per cent for its
Data as of November 30, 2023
-YTD 2023, based on the belief that the rate direct plan (versus 0.31 per cent earlier
cycle has peaked across markets. this year). That said, the expense ratio
Increasing exposure in bonds The extension of the portfolio’s remains well within our comfort zone.
that mature in > 7 years duration, coupled with the rise in
16 % yields, has been working well, a trend Our take
12 highlighted by Devang Shah, Co-Head The fund continues to be an ideal
8 of Fixed Income at Axis: “A macro call choice for the core fixed-income port-
4 of higher duration over the last 6-9 folio, and its ability to adapt to chang-
0 months has helped the fund to deliver ing market conditions positions it as
Jan 2023 Sep 2023 the kind of performance it has.” our recommended fund.

Regular 
BANDHAN BOND FUND ST PLAN Direct 
This fund has shown signs of revival. rates cycle somewhat stabilising, the
The conviction of Suyash Choudhary, fund has started benefitting.
the fund manager, to stay heavily Besides maturity, the fund’s resolve
invested in relatively longer duration to stick to high-credit-quality bonds
Suyash Choudhary (three-to-five-year maturity) government
Head – Fixed Income
had also hurt returns, as it had
Bandhan AMC securities, has started to yield positive underperformed the lower-rated ones
results. This year, the fund has in the last couple of years.
Calendar quarter returns for 2023 delivered a neck-to-neck return of But Choudhary, Head - Fixed
2.8% z Fund-Direct z Category median 6 per cent compared to its peers. Income, appears sanguine: “With the
2.1 The graph ‘One-year monthly rolling rate hike cycle peaking, we expect this
1.4 returns’ shows a narrowing of the trend to reverse and quality to
0.7 fund’s underperformance when it is outperform credit going forward on a
0 pitted against its peers. risk-adjusted basis.”
Q1 Q2 Q3 Q4
Data as of November 30, 2023
Reasons for the improvement Our take
One-year monthly rolling The fund’s strategy of significant Despite the relatively better
returns exposure (over 55 per cent) to performance this year, it’s important to
16% z Fund-Direct z Category median relatively longer-duration government remember that the fund’s quality
12 bonds was hit hard by the rate hikes in orientation may often make it look like
8 2022. (Interest rate increases cause a slacker compared to its more
4 higher-duration bonds to fall more). aggressive peers. But that’s the trade-
0 However, the fund manager off of opting for pristine quality, and
Nov 2018 Nov 2023 remained undeterred. Now, with the we continue to back it for this reason.

44 Mutual Fund Insight January 2024

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 FUND
ANALYST’S
CH ICE
Regular 
HDFC SHORT TERM DEBT FUND Direct 
The fund consistently outperforms (7.76 per cent currently), which is the
across market cycles without taking on second highest in the category.
excessive risk, making it a no-brainer However, it is crucial to note that
for a debt investor. such exposures are limited and taken
Anil Bamboli Continuing with its rich legacy, the
Senior Fund Manager - Fixed Income
on a selective basis.
HDFC Asset Management Co. Ltd. fund delivered returns of 6.75 per cent
since the start of the year, compared to Other notable mentions
Calendar year returns the category median of 6.43 per cent. The fund’s expense ratio increased to
12% z Fund-Direct z Category median 0.34 per cent in September from
9 Reasons for the good show 0.29 per cent earlier this year.
6 While it focuses on buying and That said, the expense ratio remains
3 holding bonds to generate returns, the within our comfort zone for now.
0 fund adds moderate duration strategies
2018 2019 2020 2021 2022 2023
Data as of November 30, 2023 -YTD in favourable times. Our take
The fund has been adding exposure The fund’s active duration strategies
Allocation to G-secs maturing in to slightly longer duration in 2023 - and selective credit bets make it an
> 5 years mainly driven by G-secs – as interest attractive all-weather debt fund. It is
24% z Fund z Category median rates have peaked. This duration play well-positioned to deliver another
18 has helped it generate good returns year of steady performance.
12 this year. This risk-optimiser is a good pick
6 Further, the fund also takes for your fixed-income allocation.
0 exposure to AA and below-rated bonds
Jan 2023 Sep 2023

Regular 
HSBC SHORT DURATION FUND Direct 
This fund has had a moderate 2023, year. Note that the fund tries to stick to
delivering 6.19 per cent returns against bonds that mature within five years
the category return of 6.43 per cent. and stay within that.
Although it still ranks among the
Jalpan Shah category’s bottom performers, the Other notable developments
Fund Manager, Fixed Income
HSBC Mutual Fund underperformance has shrunk from The fund lowered its PRC (potential
-0.55 in 2022 to -0.24 in 2023. risk class) matrix from B-II to A-II in
Calendar quarter returns for 2023 September 2023, signifying a reduction
2.4% z Fund-Direct z Category median Reasons for the recovery in the maximum possible risk it can
1.8 As a stickler for quality bonds, the take on the credit side. This
1.2 fund avoids dipping its toes in lower- strengthens our belief that the fund
0.6 rated bonds, though it takes selective prioritises quality.
0
bets on the duration front. The fund
Q1 Q2 Q3 Q4
Data as of November 30, 2023 has been pushing the average maturity Our take
higher, a call that is helping it catch up While the fund may deliver relatively
Increasing exposure to bonds with its peers. average performances in most years, it
maturing between 3 to 5 years Since the fund house believes that maintains a solid credit portfolio. This
z <1 year (%) z 3-5 years (%) the risk-reward proposition now year, we’re observing slight
39.60
33.01 favours longer-duration bonds, the improvements in its performance, so
fund has been increasing its exposure we suggest holding on to the fund for
12.82 to three and five-year bonds and now. Meanwhile, investors prioritising
0.43 simultaneously decreasing its exposure portfolio quality over returns can
May-2023 Sep-2023 to bonds with maturity of less than a consider investing in this fund.

46 Mutual Fund Insight January 2024

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 Mutual Fund Insight January 2024 47
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 INVESTORS’ JOURNEYS

Chronicles of a year
The challenges and joys of entrepreneurship and the
lessons learned

I
SHYAMALI BASU
t will be a year since I left my job
and started a distribution firm. A little more persistence, a little more
This one year saw many effort and what seemed hopeless failure
dimensions of my state of mind. I may turn to glorious success.
learned many things in this short - Elbert Hubbard
journey and thought of writing a few
points. I hope these resonate with some
of you. Patience: Our practice teaches us the virtue
of patience – the most important ingredient
Motivation: Even though someone holds a for wealth creation. There are no shortcuts
position of high responsibility at the or quick fixes. If we lose patience
office, that changes when they start to ourselves, we have no right to talk about
build a practice or business on their own. equity investing with the clients.
They need endless energy – both physical
and mental. I have had sleepless nights Persistence in prospecting: This is the best
thinking of the next steps to be taken. way to build any practice. Sitting with the
After years, I had to deal with work that phone book to find smarter ways to repeat
was not structured. to your friend that you are there for them
Coming to a workplace and then if they need help in investments doesn’t
thinking of what could keep you busy feel very good. That’s why prospecting for
is not an easy task. You need an infinite business should never stop.
amount of motivation to keep going.
A friend or partner who understands Organisation skills: Our practice needs us to
business challenges can help you be organised so that the records and
stay sane. documents can be retrieved easily. The
cloud and old-school box files are essential.
Obsession or focus: Starting a business Most of our time with any client is for
teaches one to be obsessed with it. The them to remember and inform us about the
mind works without timelines. At times, various investments they have. We see
there are no weekends or holidays. But lapsed policies, lost dividends, forgotten
believe me – that, too, does not feel like folios and physical (non-demat) stocks.
work. It is an excellent problem to have. We need to spend some time in record
So be prepared for busy or working keeping and update our investments
weekends as every client is unique, and for easy retrieval for your family if need
there is no concept of the ‘same shoe be. Also, ensure that email addresses
fits all’. and nominations are updated in all
The more you work, the better you get financial transactions.
at it. There may be a few instances when
we knew the futility of working on a Perseverance: Any skill or work can only
proposal. However, we knew that the be perfected if we persevere. It takes a
experience would teach us more. serious commitment and determination to

48 Mutual Fund Insight January 2024

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 Illustration: ANAND

improve your work. This applies to any wealth. The creation of a ‘Will’ protects your
aspect of life and life skill – be it singing, wealth for your beneficiaries.
dancing, exercising, etc. I have learned to be empathetic to
understand people’s fears and anxieties better.
We all need to be better listeners. It is not
important to tell others how much we know;
Most of the important things in the
world have been accomplished by it is more important to learn from others.
people who have kept on trying when I have learned to be more generous with
there seemed to be no hope at all. my time, helping and reaching out to many
- Dale Carnegie who need help with investments. Giving back
to society is very rewarding.
Lastly, one thing is certain – satisfaction in
Preparedness: We need to have a plan for the building your practice or business is not
future, even though no one knows what lies measurable. All I can say is that I love it and
ahead. When we started, the indexation hope to work more and improve with time.
benefit for long-term debt investments was
withdrawn. Such setbacks can derail growth,
but if we have a plan, we learn to figure our You never achieve real success unless
way out despite such roadblocks. We plan you like what you are doing.
for exigencies, succession, retirement, etc. - Dale Carnegie

Ability to protect your turf and move ahead: While

moving ahead to get more clients and work Shyamali has been navigating the asset
towards expanding business is good, there is management world for over 20 years, working
an equally important responsibility towards with everyone from the seasoned super
existing clients, just like the way we safeguard wealthy to absolute beginners. She has a
our investments before seeking growth. knack for understanding the human side of
Insurance – both medical and term plan – investing and empathising with investors,
establishes a foundation to secure your something that shines through in her writing.

Mutual Fund Insight January 2024 49

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 ASK
EXPERT ADVICE

Personal health insurance for assets be transferred after your demise.

A dual public- government employees It is straightforward but contestable.
private health I am a government employee. Should I buy Private trusts can help in the efficient
insurance health insurance too? transfer of assets.
coverage provides –AMIT SOLANKI Regarding taxation, asset transfer in
best of both Government employees typically benefit a Will incurs no capital gains tax. Tax is
worlds from public health schemes such incurred only upon a subsequent
as the Central Government Health asset sale.
Scheme (CGHS). In a trust, the transfer is considered
These schemes cover medical a gift to beneficiaries. It is exempt from
expenses for government employees and tax if the settlor/beneficiary is a
their families. But such coverage is relative. As far as the income from the
offered only at certain hospitals in major assets is concerned, in case of a
metropolitan cities. revocable trust, it will be taxable in
Moreover, thinking about emergency the hands of the transferor. But if the
situations where government-aided trust is irrevocable, the trustee is
facilities may not be easily available, responsible for paying the tax on behalf
having an additional small private of the beneficiaries.
insurance cover could be beneficial.
Private insurance, even for those in An all-in-one fund
their early 60s, is available at an annual If someone wants to invest in just one fund,
cost of around `20,000 to 25,000. It’s which one should it be?
crucial to review the co-pay clause, the –JITENDRA
sub-limits and claim repudiation ratio Flexi-cap funds emerge as the optimal
Flexi-cap funds while choosing a health insurance policy. choice when considering a single
help create a This dual coverage strategy ensures investment fund. These funds have a
versatile comprehensive health protection, flexible investment mandate that enables
investment combining the advantages of government fund managers to invest freely across
portfolio schemes with the flexibility of a private large, mid and small caps without
insurance policy. constraints. This helps in creating a
versatile investment portfolio. Flexi-cap
Passing on assets to successors funds also pose lower risks as compared
Can I set up a company to pass on to their mid and small-cap counterparts.
my assets to heirs? Will it be easy in Besides diversification at the market-
comparison to a simple ‘will’? cap level, the portfolio of flexi-cap funds
– ABHISHEK DHUMAL is spread across companies of different
Setting up a company to manage assets sectors and industries, which further
for inheritance poses significant mitigates risks and has the potential to
compliance challenges. An alternative increase your returns in the long run.
can be a simple Will or a private trust or To conclude, a flexi-cap fund is an
a combination of both. ‘all-in-one’ kind of fund. However, if you
A Will is a legal declaration of your have never invested in equities, go for
intention about to whom shall your an aggressive hybrid fund.

50 Mutual Fund Insight January 2024

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Subscription copy of [[email protected]]. Redistribution prohibited.
Mutual funds riding on the something goes wrong in the market, you
IPO wave think it is only happening to you, whether An IPO’s
What is the rationale behind mutual funds you’ve invested in an index fund, an Indian demand-supply
investing in IPOs? fund or an international fund. And that
dynamics may
Every mutual fund invests with the objective makes you anxious.
of making money. The approach of the fund
make it a
The other is to avoid acting in haste. It
manager is what really matters. Broadly may seem tempting to take money out
favourable
speaking, fund managers can before it loses more value, but if you
investment
Watch
be long-term investors with Video succeed and the market falls even more, it
a diversified portfolio, short-
will become difficult to get back in. You
term investors with a limited
may take your money out, Watch
number of stocks, or tactical
and the market may increase Video
investors with several stocks.
Let’s say a fund manager again. Then, it will again
purchases one lakh shares of a company become difficult to get back
during its IPO and sells them off later at a in. So it’s essential to keep
10 per cent premium. In this case, the fund your cool and do nothing.
manager is a short-term investor. Sticking to a methodical plan is best,
It’s possible that the company in which a which helps you stay invested for the long
fund manager has invested in may not make term. Rebalance your portfolio and make
money. However, the demand-supply sure it’s diversified at all times.
dynamics in the IPO might make it a
favourable opportunity; if you get an Step-up SIPs for retiring early
allotment, you will make money. This could How does a step-up SIP help one reach their Step-up SIPs
be another reason why a fund house might goal faster? are quite
want to invest in an IPO. But, one should It’s simply accelerated compounding. simple; it’s just
know that investing by mutual funds in IPOs If you invest in `10,000 and you earn accelerated
is not an alarming issue. For example, if a 12 per cent, it takes you 20 years for it compounding
fund is worth `1,000 crore and it has to become `1 crore. If you Watch
invested `10 crore in an IPO, it is not a very invest the same amount, but Video
large component of the overall fund. increase it by 10 per cent
every year, you will achieve
Dos and don’ts during a that in 16 years. Therefore,
market fall you reach your `1 crore
What should one do when the market milestone 20 per cent faster if you step
suddenly falls? up your SIPs every year. So, you can
People panic, but panicking doesn’t help. either retire early or retire later and have
The important thing is to relax and that much more money. Because if you
understand what you can do. One thing is have `1 crore invested for another
to switch off the TV because when other five-10 years, that `1 crore will also earn.
adverse events happen, you think it’s Hence, the magic of compounding gets
happening to somebody else. But when accelerated at a larger magnitude.

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 January 2024 51

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

EQUITY FUNDS Money market (23) 1,48,476

Funds investing in money-market instruments having maturity up to 1 year
Large cap (160) 7,21,419
Funds investing at least 80% in large caps Low duration (20) 1,05,787
Funds with Macaulay duration between 6 and 12 months at the portfolio level
Large & mid cap (30) 1,60,062
Funds investing at least 35% each in large and mid caps Ultra short duration (24) 95,370
with Macaulay duration between
Multi cap (23) 94,305
3 and 6 months at the portfolio level
Funds investing at least 25% each in large, mid and small caps
Liquid Funds (43) 4,40,135
Mid cap (46) 2,46,049
Funds investing in debt and money-market securities with maturity of up to 91 days
Funds investing at least 65% in mid caps
Overnight Funds (36) 99,374
Small cap (39) 2,01,927
Funds investing in securities having maturity of 1 day
Funds investing at least 65% in small caps
Dynamic bond (25) 30,843
Flexi cap (80) 4,02,174
Debt funds investing across durations
Funds investing at least 65% in equity with no particular cap on large, mid or small
Corporate bond (22) 1,40,114
Value-oriented (31) 1,15,333
Funds investing at least 72% in AA+ and above-rated corporate bonds
Funds following the value strategy
Credit risk (14) 23,894
ELSS (39) 1,72,914
Funds investing at least 58.5% in AA and below-rated corporate bonds
Funds with a lock-in of 3 years and tax benefit under Section 80C
Banking and PSU Debt (23) 79,368
International (70) 43,075
Funds investing at least 72% in the debt instruments of banks, PSUs,
Funds investing predominantly in foreign equities
public financial institutions and municipal bonds
Floater (13) 59,794
SECTOR/THEMATIC FUNDS Funds investing at least 58.5% in floating-rate instruments
Banking (45) 60,458 (including fixed rate ones converted to floating rate)
Funds investing at least 80% in the banking sector
Gilt (28) 28,785
Infrastructure (21) 22,863 Funds investing at least 80% in government securities
Funds investing at least 80% in the infra sector
Gilt with 10-year constant duration (7) 7,483
Pharma (20) 17,786 Funds investing at least 80% in government bonds such that the
Funds investing at least 80% in the pharma sector Macaulay duration of the portfolio is 10 years
Technology (21) 30,915 FMP (12) 305
Funds investing at least 80% in the technology sector Fixed maturity plans of pre-defined term
Thematic (78) 73,008 Target Maturity (97) 2,03,241
Funds investing at least 80% in a particular theme A debt scheme which has a specific maturity and invests in bonds
whose maturity is in line with that of the underlying index
Dividend Yield (9) 18,459
Funds investing majorly in dividend-yielding stocks
MNC (6) 13,906
HYBRID FUNDS
Funds investing at least 80% in MNC stocks Aggressive hybrid (47) 1,87,625
Funds investing 65–80% in equity and the rest in debt
Energy (2) 1,023
Funds investing at least 80% in the energy sector Balanced hybrid (6) 9,092
Funds investing at least 40–60% in equity and the rest in debt
PSU (5) 29,141
Funds investing at least 80% in public-sector companies Conservative hybrid (32) 26,736
Funds investing 10–25% in equity and the rest in debt
Consumption (18) 18,267
Funds investing at least 80% in the consumption theme Equity savings (22) 22,850
Funds investing at least 65% in equity and equity related instruments
ESG (10) 10,119
and at least 10% in debt
Funds investing at least 80% in companies that score high on environmental,
social and governance (ESG) factors Arbitrage (27) 1,32,517
Funds investing in arbitrage opportunities
Dynamic asset allocation (35) 2,19,481
DEBT FUNDS
Funds which dynamically manage the asset allocation between equity and debt
Long duration (7) 9,646
Multi asset allocation (31) 71,724
Funds with Macaulay duration of greater than 7 years at the portfolio level
Funds investing in at least 3 different asset classes, with a minimum of 10% in each
Medium to long duration (13) 10,359
Funds investing with Macaulay duration between 4 and 7 years at the
portfolio level; under anticipated adverse situation, 1 year to 7 years COMMODITY FUNDS
Medium duration (16) 26,870 Gold (29) 34,147
Funds with Macaulay duration between 3 and 4 years at the portfolio level; Funds investing in gold
under anticipated adverse situation, 1 year to 4 years
Silver (17) 3,763
Short duration (25) 1,00,213 Funds investing in silver
Funds with Macaulay duration between 1 year and 3 years at the portfolio level
AUM data as on October 31, 2023

52 Mutual Fund Insight January 2024

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 SCOREBOARD GUIDE

The Value Research Scoreboard is designed to help you make the best possible investment
decisions. The Scoreboard captures essential data on every mutual fund scheme in an easy-to-use
format. The data are updated each month and undergo rigorous validation. In the following pages,
you will find the details of both regular and direct plans.

Rating: The Value Research fund rating

system is a risk-adjusted rating system, represented
by a convenient composite measure of both returns
and risk.
It is purely quantitative and has no subjective
component. It gives a quick summary of how a fund Rank
has performed historically relative to its peers. Funds are ranked
z For equity and hybrid funds, the system combines based on their
three- and five-year performance periods. return position in
z For debt funds, fund ratings are based on the respective Value
eighteen-month weekly risk-adjusted Research fund
performance. category. In case of a
Fund Name z Equity funds with a minimum performance tie, the subsequent
The fund name is history of three years and debt funds with a rank is skipped. For
listed minimum history of 18 months are only rated. example, if three
alphabetically in z There have to be at least ten funds in a category funds are ranked 7,
each row. The first for it to be rated and the fund must have at least then the subsequent
row (in bold) `5 crore average AUM in the past six months. fund is assigned
indicates the name The distribution of ratings is as follows: rank 10. Speciality
of the category  Top 10% funds  Next 22.5% equity funds are not
and its average  Middle 35%  Next 22.5% ranked due to their
returns.  Bottom 10% NR Not rated diverse objectives.

REGULAR DIRECT
Return (%) Rank Return (%) Rank Assets
No Fund Name Rating 1Y 3Y 5Y 10 Y 5 Y 10 Y Expense NAV Rating 1Y 3Y 5Y 5 Y 10 Y Expense NAV (` cr)

No.
A serial number is generated Return
for every fund scheme and is Return calculations are based on month-end net asset values
the first column of the (NAVs), assuming reinvestment of dividends, readjusted for
Scoreboard. To locate a any bonus or rights. The return is computed by adjusting for
specific fund, look for this the dividend tax paid by the fund in the past. All trailing
number in the Index against returns for one-year period and above are annualised, while
the name of the fund. returns for less than one year are absolute.

Expense, NAV, Assets

This section details information about the fund’s average expense ratio, NAV and AUM. The expense ratio indicates
the recurring per cent charge levied by the fund to manage assets, and the NAV is the per unit market price.

Mutual Fund Insight January 2024 53

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 SCOREBOARD EQUITY
REGULAR DIRECT
Return (%) Rank Return (%) Rank Assets
No Fund Name Rating 1Y 3Y 5Y 10 Y 5 Y 10 Y Expense NAV Rating 1Y 3Y 5Y 10Y 5Y 10Y Expense NAV (` cr)

Equity: Large Cap 12.7 17.6 13.8 13.9 31 27 13.8 18.8 14.9 15.1 31 27
1 ABSL Focused  10.5 16.6 13.8 14.5 12 9 1.85 106.52  11.6 17.7 14.8 15.6 14 11 0.90 118.16 6047
2 ABSL Frontline Eqt  11.1 17.9 13.5 14.4 17 12 1.68 403.97  11.8 18.6 14.2 15.3 22 14 1.01 441.63 23003
3 Axis Bluechip  6.0 10.5 12.2 13.6 28 16 1.57 47.88  7.0 11.7 13.5 15.0 27 15 0.63 54.28 30734
4 Bandhan Large Cap  12.1 15.7 13.2 12.2 24 25 2.14 57.38  13.5 17.2 14.5 13.5 19 25 0.94 64.66 1123
5 Bank of Ind Bluechip NR 15.7 - - - - 2.50 12.83 NR 16.8 - - - - 1.58 13.22 98
6 Baroda BNP Paribas Large Cap  11.2 16.5 15.0 14.7 6 7 2.12 167.14  12.5 18.0 16.3 16.0 6 6 0.94 189.13 1484
7 Canara Robeco Bluechip Eqt  10.2 15.4 15.3 14.5 5 10 1.70 47.74  11.6 17.1 17.0 15.9 3 7 0.48 54.10 10182
8 DSP Top 100 Eqt  16.0 16.0 12.3 12.4 26 24 2.02 353.17  16.9 16.9 13.2 13.2 28 26 1.23 380.69 2944
9 Edelweiss Large Cap  13.6 17.3 14.4 14.4 10 11 2.35 66.12  15.3 19.1 16.1 15.7 8 10 0.79 74.03 557
10 Franklin Ind Bluechip  9.6 16.6 12.3 12.6 27 23 1.84 789.91  10.6 17.5 13.2 13.5 29 24 0.98 863.47 6666
11 Groww Large Cap  8.0 13.1 10.8 11.9 31 26 2.30 33.52  9.3 14.6 12.3 13.6 30 23 1.06 39.28 99
12 HDFC Top 100  16.6 22.6 14.6 14.8 8 6 1.68 903.55  17.3 23.3 15.2 15.5 10 13 1.10 967.75 25773
13 HSBC Large Cap  12.4 16.1 13.6 13.4 16 17 2.16 374.88  13.5 17.2 14.7 14.3 16 20 1.21 410.15 1502
14 ICICI Pru Bhrt 22 FOF  38.8 39.4 18.0 - 1 0.09 23.47  38.8 39.4 18.0 - 2 0.08 23.47 321
15 ICICI Pru Bluechip  15.6 21.1 15.7 15.3 3 5 1.56 82.88  16.3 21.8 16.4 16.2 4 5 0.99 90.18 41269
16 ICICI Pru Nifty Alpha Low-Vol 30 ETF FOF NR 20.5 - - - - 0.53 11.87 NR 21.1 - - - - 0.10 12.01 265
17 ICICI Pru Nifty Low Vol 30 ETF FOF NR 15.6 - - - - 0.50 14.25 NR 16.2 - - - - 0.11 14.45 786
18 Invesco Ind Largecap  13.4 17.2 13.6 14.1 14 14 2.21 51.43  15.0 18.9 15.2 15.8 11 9 0.80 60.35 786
19 ITI Large Cap NR 10.4 - - - - 2.34 14.00 NR 12.6 - - - - 0.44 14.91 199
20 JM Focused  24.8 19.0 13.4 15.3 19 4 2.47 15.61  25.9 20.1 14.8 16.8 15 3 1.59 17.78 56
21 JM Large Cap  15.6 16.4 13.2 12.9 22 21 2.49 121.04  16.4 17.4 14.3 14.1 21 21 1.74 135.20 58
22 Kotak Bluechip  11.2 16.9 14.9 14.5 7 8 1.78 438.91  12.6 18.4 16.3 15.9 7 8 0.60 495.48 6406
23 LIC MF Focused 30 Eqt  7.4 15.2 12.5 - 25 2.51 17.25  8.3 16.2 13.6 - 26 1.56 18.67 123
24 LIC MF Large Cap  6.3 15.0 13.3 13.0 20 20 2.17 44.16  7.0 15.0 13.7 13.8 24 22 1.12 49.25 1250
25 Mahindra Manulife Large Cap  8.8 17.1 - - - 2.39 17.93  10.7 19.2 - - - 0.73 19.57 267
26 Mirae Asset Eqt Allocator FoF  12.6 18.6 - - - 0.12 19.21  12.7 18.7 - - - 0.03 19.26 523
27 Mirae Asset Large Cap  8.0 15.8 13.2 16.4 23 2 1.54 89.56  9.1 17.0 14.4 17.5 20 2 0.55 99.36 34377
28 Motilal Oswal Focused  12.4 13.1 13.3 14.1 21 13 2.06 38.82  13.7 14.4 14.7 15.6 17 12 0.93 44.54 1651
29 Nippon Ind Large Cap  18.3 25.1 15.4 16.8 4 1 1.69 67.26  19.3 26.1 16.4 17.8 5 1 0.83 73.97 16638
30 Nippon Ind Nifty Next 50 Junior BeES FoF  10.3 16.7 - - - 0.29 17.67  10.5 17.0 - - - 0.09 17.88 207
31 PGIM Ind Large Cap  8.4 13.8 12.1 12.9 29 22 2.42 279.00  10.1 15.5 13.7 14.5 25 19 0.88 322.89 476
32 Quant Focused  15.9 24.6 17.2 19.4 2 2.38 69.23  17.8 27.0 19.2 20.6 1 0.76 74.94 417
33 Quant Large Cap NR 12.0 - - - - 2.39 11.60 NR 13.9 - - - - 0.77 11.87 323
34 Quantum Nifty 50 ETF FoF NR 8.0 - - - - 0.18 11.67 NR 8.1 - - - - 0.06 11.69 22
35 SBI Bluechip  11.6 17.4 14.5 15.5 9 3 1.61 73.11  12.4 18.3 15.4 16.5 9 4 0.87 80.08 38598
36 Sundaram Large Cap  9.3 16.8 13.6 13.4 15 18 1.94 17.38  10.7 18.5 14.9 14.5 12 18 0.64 18.28 2994
37 Tata Large Cap  10.8 19.1 13.8 13.2 11 19 2.14 391.93  11.9 20.2 14.8 14.6 13 17 1.20 442.49 1582
38 Taurus Largecap Eqt  9.6 15.2 11.0 11.3 30 27 2.61 121.66  9.7 15.3 11.2 11.9 31 27 2.54 128.42 35
39 Union Largecap  10.7 16.5 13.4 - 18 2.53 19.16  11.6 17.3 14.1 - 23 1.72 20.06 248
40 UTI Large Cap  9.1 15.9 13.6 14.0 13 15 1.73 220.71  10.0 16.9 14.6 14.9 18 16 0.81 238.61 11078
41 WhiteOak Capital Large Cap NR - - - - - 0.08 10.98 NR - - - - - 0.08 11.17 343
Equity: Large & MidCap 18.8 21.9 16.7 16.9 21 16 20.2 23.4 17.9 18.1 21 16
42 ABSL Eqt Advtg  15.6 15.3 13.2 15.9 20 10 1.91 720.29  16.6 16.3 14.2 16.9 20 10 1.09 790.71 4981
S&P BSE 100 TRI 10.1 18.2 14.8 14.4
S&P BSE Large Mid Cap TRI 11.5 19.0 15.2 14.8
S&P BSE Sensex TRI 7.6 16.3 14.5 13.9
All data as on November 30, 2023. *ETFs and index funds are excluded here. They have been included in their respective scoreboards. AUM as on October 31, 2023.

54 Mutual Fund Insight January 2024

Subscription copy of [[email protected]]. Redistribution prohibited.

 REGULAR DIRECT
Return (%) Rank Return (%) Rank Assets
No Fund Name Rating 1Y 3Y 5Y 10 Y 5 Y 10 Y Expense NAV Rating 1Y 3Y 5Y 10Y 5Y 10Y Expense NAV (` cr)

Equity: Large & MidCap 18.8 21.9 16.7 16.9 21 16 20.2 23.4 17.9 18.1 21 16
43 Axis Growth Opp  22.5 20.3 19.0 - 3 1.72 24.49  24.0 22.0 20.8 - 2 0.55 26.49 9622
44 Bandhan Core Eqt  24.4 24.1 16.6 15.3 11 12 1.94 94.08  25.8 25.6 18.0 16.8 10 12 0.77 107.59 2890
45 Bank of Ind Large & Mid Cap Eqt  17.4 20.2 16.0 13.6 14 16 2.47 68.58  18.5 21.4 17.2 14.9 14 16 1.55 77.31 230
46 Baroda BNP Paribas Large & Mid Cap  18.4 21.8 - - - 2.28 20.16  20.0 23.7 - - - 1.02 21.22 825
47 Canara Robeco Emrgng Equities  13.1 18.4 16.5 21.9 12 2 1.65 189.65  14.3 19.8 17.9 23.2 11 2 0.59 213.53 17563
48 DSP Eqt Opp  20.4 21.4 16.9 17.1 9 6 1.76 452.10  21.6 22.5 18.0 18.1 9 6 0.71 496.79 8850
49 Edelweiss Large & Mid Cap  17.7 21.5 17.0 16.2 8 9 1.95 65.41  19.5 23.5 18.9 17.7 7 8 0.45 75.17 2221
50 Franklin Ind Eqt Advtg  14.4 19.2 13.2 14.5 21 15 2.05 142.77  15.4 20.1 14.1 15.4 21 15 1.34 155.04 2776
51 HDFC Large and Mid Cap  24.6 28.3 19.1 14.2 2 1.76 256.48  25.7 29.3 19.8 14.6 4 0.93 266.13 11883
52 HSBC Large and Mid Cap  21.5 19.9 - - - 2.03 19.59  22.8 20.9 - - - 0.99 21.05 2302
53 ICICI Pru Large & Mid Cap  20.6 27.7 18.5 15.8 5 11 1.79 721.58  21.6 28.7 19.4 16.9 5 11 0.93 794.47 8847
54 Invesco Ind Growth Opp  20.5 19.7 15.1 16.2 18 7 1.87 65.89  22.0 21.2 16.6 17.9 18 7 0.69 76.55 4034
55 Kotak Eqt Opp  19.1 21.1 17.8 17.4 6 5 1.65 252.64  20.5 22.5 19.2 18.8 6 4 0.53 284.94 15261
56 LIC MF Large & Mid Cap  14.5 18.2 14.9 - 19 1.99 28.61  15.9 19.9 16.6 - 17 0.77 32.21 2188
57 Mahindra Manulife Large & Mid Cap  20.9 25.1 - - - 2.04 21.48  23.0 27.4 - - - 0.43 23.09 1416
58 Mirae Asset Emrgng Bluechip  17.3 20.6 18.7 23.5 4 1 1.58 116.81  18.5 21.8 19.9 24.6 3 1 0.62 129.48 28104
59 Motilal Oswal Large and Midcap  29.3 26.2 - - - 1.93 22.56  31.2 28.1 - - - 0.55 24.10 2390
60 Navi Large & Midcap  13.1 21.5 15.5 - 17 2.26 29.08  15.2 23.9 17.8 - 13 0.35 33.71 257
61 Nippon Ind Vision  21.1 22.1 15.6 15.2 16 13 2.02 1047.26  21.8 22.7 16.2 15.9 19 13 1.50 1116.18 3472
62 Quant Large & Mid Cap  19.4 27.7 20.0 21.5 1 2.11 90.91  21.4 29.9 21.4 22.3 1 0.75 97.47 1127
63 SBI Large & Midcap  14.8 23.9 17.4 17.6 7 4 1.73 468.48  15.8 24.9 18.2 18.4 8 5 0.80 500.98 15649
64 Sundaram Large & Midcap  15.9 20.4 15.8 19.2 15 3 1.83 65.97  17.3 21.8 17.1 20.4 15 3 0.73 72.93 5313
65 Tata Large & Midcap  13.2 20.2 16.8 16.2 10 8 1.85 418.48  14.4 21.5 17.9 17.5 12 9 0.83 468.51 5248
66 Union Large & Midcap  17.2 20.1 - - - 2.38 20.27  18.7 21.6 - - - 1.01 21.23 539
67 UTI Large & Mid Cap  22.6 25.5 16.4 15.0 13 14 2.09 129.07  23.4 26.3 17.0 15.6 16 14 1.29 136.28 1980
Equity: Flexi Cap 16.0 19.2 15.1 15.7 39 27 17.3 20.5 16.3 16.7 39 27
68 360 ONE FlexiCap NR - - - - - 2.40 11.04 NR - - - - - 0.90 11.11 262
69 360 ONE Focused Eqt  18.3 20.7 21.6 - 1 1.85 37.24  19.5 22.0 23.0 - 1 0.90 41.55 4887
70 ABSL Bal Bhavishya Yojna  14.0 12.1 - - - 2.21 16.10  15.9 14.0 - - - 0.74 17.54 800
71 ABSL Flexi Cap  13.2 17.3 13.8 16.8 23 8 1.70 1337.73  14.1 18.3 14.8 17.9 27 7 0.89 1475.53 17029
72 ABSL Retrmnt 30s  10.2 11.2 - - - 2.39 15.16  11.8 12.9 - - - 1.04 16.37 306
73 Axis Eqt ETFs FoF NR 12.4 - - - - 0.27 12.40 NR 12.5 - - - - 0.11 12.44 15
74 Axis Flexi Cap  9.1 12.6 13.2 - 32 1.75 20.09  10.3 13.9 14.7 - 28 0.73 21.82 10605
75 Axis Focused 25  6.2 8.2 10.5 13.7 39 24 1.71 43.70  7.2 9.3 11.8 15.1 37 23 0.75 49.68 13653
76 Bajaj FinSrv Flexi Cap NR - - - - - 2.06 10.65 NR - - - - - 0.79 10.69 1663
77 Bandhan Flexi Cap  13.2 17.5 12.5 14.9 33 18 1.89 161.08  14.0 18.4 13.3 15.7 35 19 1.16 174.07 5967
78 Bandhan Focused Eqt  17.2 14.4 12.2 12.1 34 26 2.13 63.32  18.7 15.9 13.7 13.7 34 26 0.77 73.01 1291
79 Bank of Ind Flexi Cap  26.1 25.7 - - - 2.34 25.68  27.7 27.7 - - - 1.00 27.14 427
80 Baroda BNP Paribas Flexi Cap NR 16.4 - - - - 2.15 12.05 NR 18.4 - - - - 0.93 12.32 1185
81 Baroda BNP Paribas Focused  14.7 16.7 14.4 - 19 2.36 17.56  16.8 18.7 16.2 - 19 0.56 19.31 420
82 Canara Robeco Flexi Cap  11.5 16.7 15.6 15.0 16 17 1.72 259.40  12.8 18.3 17.0 16.1 15 15 0.57 285.54 10084
83 Canara Robeco Focused Eqt NR 12.1 - - - - 2.01 14.59 NR 13.8 - - - - 0.51 15.21 1895
84 DSP Flexi Cap  20.2 18.4 16.9 16.7 12 10 1.77 57.85  21.4 19.7 18.1 17.7 11 11 0.74 86.57 8856
S&P BSE 500 TRI 13.4 20.2 16.0 15.6
S&P BSE Large Mid Cap TRI 11.5 19.0 15.2 14.8
S&P BSE Sensex TRI 7.6 16.3 14.5 13.9
All data as on November 30, 2023. *ETFs and index funds are excluded here. They have been included in their respective scoreboards. AUM as on October 31, 2023.

Mutual Fund Insight January 2024 55

Subscription copy of [[email protected]]. Redistribution prohibited.
 SCOREBOARD EQUITY
REGULAR DIRECT
Return (%) Rank Return (%) Rank Assets
No Fund Name Rating 1Y 3Y 5Y 10 Y 5 Y 10 Y Expense NAV Rating 1Y 3Y 5Y 10Y 5Y 10Y Expense NAV (` cr)

Equity: Flexi Cap 16.0 19.2 15.1 15.7 39 27 17.3 20.5 16.3 16.7 39 27
85 DSP Focus  21.0 16.5 13.7 14.8 27 19 2.09 41.57  22.2 17.7 14.9 15.8 25 17 1.05 45.63 1914
86 Edelweiss Flexi Cap  14.8 19.7 14.9 - 17 2.08 27.78  16.6 21.8 16.9 - 16 0.46 31.34 1297
87 Edelweiss Focused Eqt NR 14.8 - - - - 2.34 12.27 NR 16.8 - - - - 0.72 12.55 581
88 Franklin Ind Flexi Cap  17.8 24.1 16.8 16.9 13 7 1.78 1229.59  18.7 25.0 17.7 17.9 13 6 1.07 1351.81 11940
89 Franklin Ind Focused Eqt  13.7 24.5 17.4 18.4 8 4 1.80 82.97  14.7 25.5 18.4 19.6 9 4 1.02 92.24 9237
90 HDFC Flexi Cap  18.4 28.9 17.8 17.0 6 6 1.57 1399.96  19.2 29.7 18.5 17.8 8 8 0.92 1514.03 39396
91 HDFC Focused 30  18.5 30.0 17.5 15.9 7 12 1.76 162.67  20.1 31.7 18.8 17.1 6 13 0.49 181.11 6942
92 HDFC Retrmnt Svngs Eqt  22.7 26.8 19.1 - 4 1.86 39.12  24.1 28.4 20.6 - 3 0.72 43.54 3739
93 Helios Flexi Cap NR - - - - - 2.35 10.41 NR - - - - - 0.75 10.42 -
94 HSBC Flexi Cap  19.9 19.5 13.8 14.7 25 21 1.98 159.37  20.9 20.4 14.6 15.5 29 21 1.19 175.59 3504
95 HSBC Focused  17.9 17.0 - - - 2.14 19.67  19.3 17.9 - - - 0.94 20.70 1376
96 ICICI Pru Flexicap NR 18.8 - - - - 1.72 14.18 NR 20.1 - - - - 0.68 14.64 12009
97 ICICI Pru Focused Eqt  17.8 23.7 17.3 14.8 10 20 1.81 63.43  19.3 25.3 18.7 16.1 7 16 0.63 71.33 5589
98 ICICI Pru Ind Eqt FOF  21.0 26.8 - - - 1.36 22.10  21.7 27.8 - - - 0.86 22.79 79
99 ICICI Pru Passive Strategy (FOF)  16.4 20.3 14.1 13.4 22 0.37 123.62  16.7 20.7 14.5 13.8 30 0.13 128.81 118
100 ICICI Pru Retrmnt Pure Eqt  22.9 27.4 - - - 2.39 22.34  24.5 29.2 - - - 1.02 24.06 367
101 ICICI Pru S&P BSE 500 ETF FOF NR 12.8 - - - - 0.62 12.14 NR 13.3 - - - - 0.12 12.26 52
102 Invesco Ind Flexi Cap NR 21.7 - - - - 2.13 13.20 NR 23.6 - - - - 0.65 13.61 1112
103 Invesco Ind Focused 20 Eqt  20.3 19.7 - - - 2.04 18.66  22.0 21.6 - - - 0.66 19.65 1722
104 ITI Flexi Cap NR - - - - - 2.34 13.16 NR - - - - - 0.41 13.36 408
105 ITI Focused Eqt NR - - - - - 2.34 11.23 NR - - - - - 0.41 11.32 236
106 JM Flexicap  28.5 25.9 19.5 18.6 3 3 2.27 72.91  29.8 27.1 20.5 19.8 4 3 0.87 81.08 718
107 Kotak Flexicap  12.4 16.8 13.8 16.6 24 11 1.51 63.03  13.4 17.9 14.9 17.7 26 10 0.65 70.02 39269
108 Kotak Focused Eqt  11.9 18.4 - - - 1.92 19.29  13.6 20.3 - - - 0.53 20.73 2687
109 LIC MF Flexi Cap  14.6 16.6 13.2 12.8 31 25 2.36 79.62  15.7 17.5 14.3 14.0 31 25 1.59 86.36 844
110 Mahindra Manulife Flexi Cap NR 17.6 - - - - 2.14 12.61 NR 19.8 - - - - 0.40 13.18 1023
111 Mahindra Manulife Focused  16.5 24.8 - - - 2.18 19.57  18.6 27.4 - - - 0.48 20.82 862
112 Mirae Asset Flexi Cap NR - - - - - 2.11 12.16 NR - - - - - 0.63 12.31 1222
113 Mirae Asset Focused  8.0 15.5 - - - 1.74 20.88  9.3 17.0 - - - 0.56 22.29 8678
114 Motilal Oswal Flexi Cap  19.3 13.7 10.6 - 38 1.77 41.50  20.4 14.7 11.6 - 38 0.94 45.35 8109
115 Navi Flexi Cap  14.2 19.1 14.4 - 20 2.29 19.24  16.3 21.4 16.7 - 18 0.43 21.45 225
116 Nippon Ind Flexi Cap NR 21.1 - - - - 1.82 13.40 NR 22.7 - - - - 0.51 13.87 4845
117 Nippon Ind Focused Eqt  14.6 24.0 17.3 19.5 9 1 1.86 97.31  15.4 24.9 18.1 20.5 10 1 1.16 105.88 6903
118 Nippon Ind Passive Flexicap FoF NR 13.5 - - - - 0.57 16.25 NR 14.0 - - - - 0.17 16.50 189
119 Nippon Ind Retrmnt Wealth Creation  17.9 20.8 11.5 - 36 1.95 22.09  19.1 22.0 12.7 - 36 0.96 24.50 2554
120 NJ Flexi Cap NR - - - - - 2.32 10.95 NR - - - - - 0.32 11.01 530
121 Parag Parikh Flexi Cap  26.6 22.4 21.5 19.1 2 2 1.37 62.19  27.6 23.6 22.6 20.0 2 2 0.62 67.01 44038
122 PGIM Ind Flexi Cap  9.4 17.8 17.9 - 5 1.78 28.76  10.9 19.9 20.0 - 5 0.39 32.88 5633
123 Quant Flexi Cap NR 15.5 32.4 24.3 22.4 - 1.99 75.32 NR 17.2 33.6 25.5 23.4 - 0.77 82.14 2163
124 Quantum Eqt FoF  14.1 17.3 13.5 15.3 28 15 0.75 63.27  14.4 17.5 13.7 15.5 33 20 0.51 64.13 98
125 Samco Flexi Cap NR 15.7 - - - - 2.29 11.14 NR 17.5 - - - - 0.85 11.46 738
126 SBI Flexicap  13.1 17.7 14.3 16.7 21 9 1.73 88.53  14.1 18.8 15.3 17.8 20 9 0.86 97.55 17570
127 SBI Focused Eqt  15.6 17.7 16.2 17.5 14 5 1.64 272.00  16.7 18.9 17.3 18.6 14 5 0.74 301.30 29317
 6%Ζ5HWUPQW%HQHȴW$JUVVY 15         15         
S&P BSE 500 TRI 13.4 20.2 16.0 15.6
S&P BSE Sensex TRI 7.6 16.3 14.5 13.9
All data as on November 30, 2023. *ETFs and index funds are excluded here. They have been included in their respective scoreboards. AUM as on October 31, 2023.

56 Mutual Fund Insight January 2024

Subscription copy of [[email protected]]. Redistribution prohibited.

 REGULAR DIRECT
Return (%) Rank Return (%) Rank Assets
No Fund Name Rating 1Y 3Y 5Y 10 Y 5 Y 10 Y Expense NAV Rating 1Y 3Y 5Y 10Y 5Y 10Y Expense NAV (` cr)

Equity: Flexi Cap 16.0 19.2 15.1 15.7 39 27 17.3 20.5 16.3 16.7 39 27
129 Shriram Flexi Cap  13.8 15.5 11.7 - 35 - 17.64  15.8 17.6 13.8 - 32 - 19.37 60
130 Sundaram Flexi Cap NR 14.2 - - - - 2.00 11.76 NR 16.2 - - - - 0.54 12.02 1980
131 Sundaram Focused  12.2 18.5 15.7 15.3 15 14 2.30 127.95  13.4 19.7 16.8 16.3 17 14 1.27 139.39 893
132 Tata Flexi Cap  17.4 16.2 13.3 - 29 1.98 18.90  18.9 17.8 15.2 - 22 0.71 20.55 2355
133 Tata Focused Eqt  14.6 20.8 - - - 2.07 18.56  16.5 22.9 - - - 0.57 19.92 1378
134 Tata Retrmnt Svngs Progrsv  19.2 15.6 13.3 15.8 30 13 2.06 51.71  21.0 17.3 15.1 17.6 23 12 0.60 61.32 1512
135 Tata Young Citizens NR 15.5 19.6 15.6 12.8 - 2.60 50.46 NR 16.2 20.4 16.4 13.8 - 2.17 55.66 292
136 Taurus Flexi Cap  15.4 17.4 10.9 11.1 37 27 2.64 181.17  15.4 17.5 11.0 11.5 39 27 2.60 188.29 276
137 Union Flexi Cap  17.2 20.8 17.1 13.9 11 23 2.08 40.97  18.5 22.1 18.1 14.8 12 24 0.90 44.77 1621
138 Union Focused  11.4 18.6 - - - 2.49 20.94  12.5 19.7 - - - 1.49 21.80 344
139 UTI Children's Career Investment  12.7 16.8 13.8 14.5 26 22 2.30 68.71  13.9 18.0 14.9 15.5 24 22 1.20 74.97 832
140 UTI Flexi Cap  8.7 12.7 14.5 15.0 18 16 1.63 262.93  9.6 13.5 15.3 15.7 21 18 0.86 278.90 24370
141 UTI Focused NR 16.3 - - - - 1.94 12.30 NR 18.1 - - - - 0.54 12.78 2211
142 WhiteOak Capital Flexi Cap NR 19.8 - - - - 0.03 12.94 NR 21.8 - - - - 0.03 13.22 2375
Equity: Mid Cap 27.4 26.2 19.9 20.3 22 17 28.9 27.7 21.3 21.5 22 17
143 ABSL Mid Cap  25.9 25.3 15.9 18.1 21 17 1.93 588.36  27.0 26.4 17.0 19.1 21 17 1.08 646.51 4252
144 Axis Midcap  19.5 19.7 18.8 19.8 15 11 1.61 81.78  20.8 21.1 20.3 21.4 13 9 0.53 93.45 21962
145 Bandhan Midcap NR 30.2 - - - - 2.19 13.08 NR 32.4 - - - - 0.54 13.37 862
146 Baroda BNP Paribas Midcap  24.8 25.8 20.1 19.3 11 15 2.07 75.83  26.7 27.8 21.9 21.0 11 12 0.62 88.15 1471
147 Canara Robeco Mid Cap NR - - - - - 2.04 12.50 NR - - - - - 0.57 12.69 1613
148 DSP Midcap  27.3 17.8 17.0 19.5 18 13 1.70 112.90  28.5 18.9 18.1 20.5 17 13 0.76 123.63 14464
149 Edelweiss Mid Cap  27.0 28.0 22.0 22.3 5 2 1.84 68.29  28.8 29.9 23.9 23.8 5 2 0.43 77.99 3793
150 Franklin Ind Prima  25.0 21.9 16.7 19.1 19 16 1.80 1961.93  26.2 22.9 17.7 20.3 19 16 0.98 2177.06 8499
151 HDFC Mid-Cap Opp  33.8 30.7 21.7 21.8 7 3 1.50 138.84  34.7 31.6 22.5 22.8 9 3 0.83 151.30 47846
152 HSBC Midcap  31.2 22.0 16.0 20.7 20 6 1.76 277.76  32.6 23.6 17.5 22.0 20 6 0.68 308.54 8008
153 ICICI Pru Midcap  22.4 25.5 17.6 20.0 16 10 1.93 210.09  23.4 26.7 18.7 21.1 16 11 1.09 232.24 4252
154 Invesco Ind Mid Cap  25.7 24.4 19.4 20.7 12 5 1.87 114.38  27.3 26.2 21.2 22.6 12 4 0.58 134.73 3418
155 ITI Mid Cap NR 28.1 - - - - 2.30 15.08 NR 30.6 - - - - 0.43 16.01 522
156 JM Midcap NR 38.8 - - - - 2.26 13.98 NR 41.5 - - - - 0.36 14.26 537
157 Kotak Emrgng Eqt  23.9 26.6 21.6 22.7 8 1 1.50 95.85  25.4 28.1 23.1 24.3 7 1 0.38 109.04 33700
158 LIC MF Midcap  25.8 21.1 15.7 - 22 2.50 21.80  26.9 22.2 16.8 - 22 1.57 23.98 204
159 Mahindra Manulife Mid Cap  34.0 30.0 21.4 - 9 2.05 24.10  36.1 32.1 23.4 - 6 0.54 26.64 1554
160 Mirae Asset Midcap  23.7 27.3 - - - 1.71 27.23  25.1 28.9 - - - 0.62 28.94 11784
161 Motilal Oswal Midcap  30.0 34.1 23.5 - 3 1.78 67.74  31.5 35.6 25.0 - 3 0.66 76.30 6060
162 Nippon Ind Growth  34.3 31.1 23.3 20.3 4 9 1.67 2978.25  35.4 32.1 24.2 21.2 4 10 0.85 3219.45 19082
163 PGIM Ind Midcap Opp  12.8 25.8 23.7 - 2 1.71 50.88  14.3 27.9 25.7 - 2 0.42 57.74 9102
164 Quant Mid Cap  26.6 35.7 25.3 18.3 1 1.89 175.30  29.0 38.4 27.5 19.4 1 0.76 193.12 3268
165 SBI Magnum Midcap  26.3 29.4 21.9 20.4 6 8 1.76 187.23  27.5 30.6 23.0 21.5 8 8 0.85 206.93 13202
166 Sundaram Midcap  29.3 26.1 17.0 19.4 17 14 1.79 978.41  30.4 27.2 18.0 20.3 18 15 0.96 1053.83 8478
167 Tata Midcap Growth  31.2 25.5 20.9 21.1 10 4 1.97 330.59  32.8 27.0 22.5 22.3 10 5 0.87 368.54 2521
168 Taurus Discovery (Midcap)  29.6 24.8 19.4 19.8 13 12 2.57 101.62  30.0 25.3 19.9 20.4 15 14 2.28 106.55 100
169 Union Midcap  23.9 26.8 - - - 2.21 35.66  25.7 28.6 - - - 0.70 37.48 838
170 UTI Mid Cap  23.0 23.8 19.0 20.5 14 7 1.75 236.77  24.1 25.0 20.1 21.6 14 7 0.80 259.95 8735
S&P BSE 150 MidCap TRI 31.5 29.2 21.9 21.6
S&P BSE 500 TRI 13.4 20.2 16.0 15.6
S&P BSE Sensex TRI 7.6 16.3 14.5 13.9
All data as on November 30, 2023. *ETFs and index funds are excluded here. They have been included in their respective scoreboards. AUM as on October 31, 2023.

Mutual Fund Insight January 2024 57

Subscription copy of [[email protected]]. Redistribution prohibited.
 SCOREBOARD EQUITY
REGULAR DIRECT
Return (%) Rank Return (%) Rank Assets
No Fund Name Rating 1Y 3Y 5Y 10 Y 5 Y 10 Y Expense NAV Rating 1Y 3Y 5Y 10Y 5Y 10Y Expense NAV (` cr)

Equity: Mid Cap 27.4 26.2 19.9 20.3 22 17 28.9 27.7 21.3 21.5 22 17
171 WhiteOak Capital Mid Cap NR 32.5 - - - - 0.03 13.68 NR 34.8 - - - - 0.03 13.97 1110
Equity: Small Cap 32.4 33.7 23.8 22.9 16 8 34.0 35.5 25.2 24.2 16 8
172 ABSL Small Cap  31.8 26.3 15.8 18.3 16 8 1.87 69.80  33.2 27.6 17.1 19.5 16 8 0.75 77.97 4580
173 Axis Small Cap  28.4 30.3 26.0 - 3 1.64 82.86  29.9 32.2 27.8 - 3 0.52 94.08 16369
174 Bandhan Small Cap  41.1 30.1 - - - 1.87 30.41  43.2 32.3 - - - 0.33 32.45 2228
175 Bank of Ind Small Cap  35.8 35.0 - - - 2.27 37.18  37.9 37.2 - - - 0.87 40.48 723
176 Baroda BNP Paribas Small Cap NR - - - - - 2.09 10.53 NR - - - - - 0.34 10.55 1106
177 Canara Robeco Small Cap  24.2 34.7 - - - 1.72 31.20  25.9 36.9 - - - 0.44 33.79 7863
178 DSP Small Cap  35.5 32.0 24.0 25.0 9 3 1.73 155.17  36.7 33.2 25.1 25.9 9 3 0.81 168.05 11837
179 Edelweiss Small Cap  33.6 34.6 - - - 1.91 34.43  35.8 36.8 - - - 0.40 37.17 2473
180 Franklin Ind Smaller Companies  42.4 36.2 22.0 22.4 13 5 1.78 138.55  43.7 37.3 23.1 23.7 13 5 0.98 154.71 9684
181 HDFC Small Cap  38.3 37.4 21.4 21.2 14 1.63 110.81  39.5 38.7 22.6 22.5 14 0.73 124.18 23184
182 HSBC Small Cap  39.7 38.7 22.3 - 12 1.71 66.95  41.1 40.3 23.7 - 12 0.69 73.16 11552
183 ICICI Pru Smallcap  28.9 33.9 25.2 18.4 4 7 1.80 70.84  30.3 35.6 26.9 19.6 6 7 0.70 78.14 6003
184 Invesco Ind Smallcap  37.3 34.4 24.4 - 8 1.88 30.17  39.1 36.4 26.3 - 7 0.37 32.67 2869
185 ITI Small Cap  39.5 24.4 - - - 1.98 20.41  42.0 27.0 - - - 0.19 22.07 1647
186 Kotak Small Cap  26.7 31.2 25.2 22.7 5 4 1.67 209.11  28.3 33.0 26.9 24.3 5 4 0.44 240.75 12163
187 LIC MF Small Cap  23.6 32.3 20.2 - 15 2.50 23.32  24.8 33.6 21.5 - 15 1.52 25.60 169
188 Mahindra Manulife Small Cap NR - - - - - 1.89 14.70 NR - - - - - 0.14 14.96 2240
189 Nippon Ind Small Cap  38.4 40.9 27.1 28.0 2 1 1.53 131.10  39.6 42.2 28.2 29.2 2 1 0.69 145.07 37319
190 PGIM Ind Small Cap NR 14.8 - - - - 2.07 13.02 NR 16.8 - - - - 0.48 13.58 1654
191 Quant Small Cap  37.9 44.3 30.7 18.4 1 1.73 196.58  39.6 46.6 32.1 19.1 1 0.77 210.33 9521
192 Quantum Small Cap NR - - - - - 2.10 10.14 NR - - - - - 0.60 10.16 -
193 SBI Small Cap  20.3 27.7 23.1 26.9 10 2 1.71 139.61  21.6 29.0 24.4 28.3 10 2 0.69 157.43 21140
194 Sundaram Small Cap  36.0 33.6 22.6 21.9 11 6 1.97 207.31  37.6 35.2 24.0 23.0 11 6 0.85 225.44 2627
195 Tata Small Cap  27.6 35.5 25.1 - 7 1.75 30.77  29.7 38.0 27.4 - 4 0.30 33.78 6147
196 Union Small Cap  36.3 34.3 25.1 - 6 2.16 41.30  37.9 35.6 26.1 - 8 0.98 44.72 1139
197 UTI Small Cap NR 27.0 - - - - 1.86 20.30 NR 28.9 - - - - 0.43 21.38 3139
Equity: Value Oriented 22.1 24.4 16.7 17.4 16 13 23.4 25.9 18.1 18.5 15 13
198 ABSL Pure Value  32.7 25.6 14.4 18.7 12 5 1.91 100.13  33.9 26.7 15.6 19.9 12 5 1.04 111.17 4717
199 Axis Value NR 25.2 - - - - 2.45 13.31 NR 27.0 - - - - 1.08 13.73 347
200 Bandhan Sterling Value  22.2 30.9 18.3 18.2 6 6 1.79 115.61  23.5 32.4 19.6 19.4 4 6 0.69 128.82 6672
201 Baroda BNP Paribas Value NR - - - - - 2.02 11.29 NR - - - - - 0.32 11.38 1485
202 Canara Robeco Value NR 20.1 - - - - 2.19 14.19 NR 22.0 - - - - 0.66 14.73 922
203 DSP Value NR 19.1 - - - - 1.71 16.13 NR 20.0 - - - - 0.94 16.50 647
204 Groww Value  15.3 17.1 12.0 - 16 2.30 20.81  17.0 19.4 14.0 - 14 1.13 24.27 11
205 HDFC Capital Builder Value  16.5 22.0 14.0 15.9 13 11 1.87 545.60  17.6 23.1 15.0 17.0 13 11 1.01 601.16 5636
206 HSBC Value  29.7 27.0 18.3 20.5 5 1 1.77 80.11  30.9 28.2 19.4 21.6 6 1 0.80 88.05 9289
207 ICICI Pru Value Discovery  21.7 28.4 19.6 19.2 3 2 1.62 343.48  22.3 29.0 20.3 20.2 3 3 1.07 374.14 32494
208 Invesco India Contra  16.2 19.8 15.8 18.9 10 3 1.69 95.77  17.5 21.3 17.2 20.5 9 2 0.53 110.20 11116
209 ITI Value NR 21.9 - - - - 2.35 12.94 NR 24.2 - - - - 0.46 13.65 136
210 JM Value  36.7 28.0 20.3 19.2 2 2.51 75.24  37.6 28.9 21.1 20.3 2 1.81 82.74 287
S&P BSE 100 TRI 10.1 18.2 14.8 14.4
S&P BSE 150 MidCap TRI 31.5 29.2 21.9 21.6
S&P BSE 250 SmallCap TRI 35.5 33.2 21.3 18.6
S&P BSE Sensex TRI 7.6 16.3 14.5 13.9
All data as on November 30, 2023. *ETFs and index funds are excluded here. They have been included in their respective scoreboards. AUM as on October 31, 2023.

58 Mutual Fund Insight January 2024

Subscription copy of [[email protected]]. Redistribution prohibited.

 REGULAR DIRECT
Return (%) Rank Return (%) Rank Assets
No Fund Name Rating 1Y 3Y 5Y 10 Y 5 Y 10 Y Expense NAV Rating 1Y 3Y 5Y 10Y 5Y 10Y Expense NAV (` cr)

Equity: Value Oriented 22.5 24.1 16.9 17.4 16 13 23.9 25.9 18.1 18.5 15 13
211 Kotak Ind EQ Contra  22.1 22.9 17.2 16.3 8 10 2.03 110.44  23.8 24.6 18.8 17.9 8 9 0.70 127.48 1843
212 LIC MF LT Value  12.2 19.5 13.5 - 14 2.51 19.08  13.2 - - - - 1.60 20.17 92
213 Nippon Ind Value  25.5 26.6 18.7 18.1 4 7 1.89 165.53  26.4 27.5 19.5 19.0 5 7 1.16 179.14 5639
214 Quant Value NR 24.8 - - - - 2.23 14.45 NR 26.8 - - - - 0.76 14.97 767
215 Quantum LT Eqt Value  15.4 18.4 12.2 13.4 15 13 2.00 94.56  16.2 19.0 12.8 13.8 15 13 1.10 97.28 895
216 SBI Contra  25.9 34.4 23.3 18.0 1 8 1.70 293.86  27.1 35.5 24.2 18.8 1 8 0.72 316.15 16667
217 Tata Eqt PE  22.9 21.8 15.4 18.7 11 4 1.83 265.75  24.1 23.0 16.8 19.9 11 4 0.85 294.53 5973
218 Templeton Ind Value  19.5 29.8 18.1 16.5 7 9 2.14 555.36  21.0 31.2 19.3 17.5 7 10 0.95 607.63 1360
219 Union Value Discovery  22.2 23.4 - - - 2.49 22.05  23.3 24.4 - - - 1.51 22.97 172
220 UTI Value  15.7 19.8 16.4 14.1 9 12 1.83 123.64  16.6 20.7 17.2 15.0 10 12 1.11 133.80 7418
Equity: ELSS 16.6 20.0 15.5 16.1 30 25 17.9 21.4 16.7 17.1 30 25
221 360 ONE ELSS Tax Saver Nifty 50 Index NR - - - - - 0.52 11.14 NR - - - - - 0.27 11.16 46
222 ABSL ELSS Tax Relief 96  8.9 10.1 8.6 14.1 30 23 1.69 174.28  9.8 11.0 9.6 15.1 30 23 0.93 50.87 13536
223 Axis LT Eqt  12.4 10.9 12.1 16.3 28 10 1.54 75.51  13.3 11.8 13.1 17.4 28 9 0.77 84.26 31136
224 Bandhan ELSS Tax Saver  18.2 26.5 18.1 17.7 3 4 1.79 123.18  19.6 28.0 19.4 19.1 3 3 0.62 138.93 5040
225 Bank of Ind Tax Advtg  22.1 22.7 21.4 17.7 2 3 2.23 126.58  23.4 24.1 22.7 19.1 2 2 1.25 144.76 860
226 Baroda BNP Paribas ELSS  19.8 17.8 15.3 15.0 16 18 2.30 71.99  21.2 19.3 16.7 16.1 15 15 1.12 79.56 705
227 Canara Robeco ELSS Tax Saver  12.3 19.1 17.4 16.3 7 9 1.73 41.34  13.7 20.7 18.7 17.3 6 10 0.54 149.36 6042
228 DSP ELSS Tax Saver  17.2 22.1 17.7 17.9 5 2 1.67 100.95  18.3 23.3 18.8 18.9 5 4 0.72 110.44 11693
229 Edelweiss ELSS Tax Saver  13.4 17.9 13.7 14.0 22 24 2.33 84.15  15.3 19.9 15.7 15.4 21 21 0.65 96.88 255
230 Franklin Ind Taxshield  17.9 22.9 15.5 16.1 14 12 1.84 1109.29  18.9 23.9 16.5 17.2 16 11 1.05 1221.09 5224
231 Groww ELSS Tax Saver  11.2 14.6 11.2 - 29 2.25 15.72  12.9 17.2 13.2 - 26 0.85 17.37 37
232 HDFC ELSS Tax Saver  19.8 26.0 15.6 15.1 13 16 1.75 1013.11  20.5 26.7 16.3 15.8 18 17 1.15 1083.15 11272
233 HSBC ELSS Tax Saver  17.0 17.3 12.4 14.7 25 19 1.94 95.88  18.0 18.2 13.2 15.5 27 20 1.13 103.19 3191
234 ICICI Pru ELSS Tax Saver  14.0 20.2 15.0 15.6 19 13 1.74 715.36  14.7 21.0 15.8 16.6 20 14 1.08 785.79 11062
235 Invesco India ELSS Tax Saver  19.1 17.5 14.4 16.7 21 8 1.95 96.41  20.5 19.0 15.8 18.4 19 8 0.76 111.89 2159
236 ITI ELSS Tax Saver  24.5 18.0 - - - 2.30 18.29  26.8 20.4 - - - 0.48 19.93 206
237 JM ELSS Tax Saver  21.1 20.6 17.5 17.6 6 5 2.40 35.85  22.3 21.7 18.5 18.9 8 5 1.42 40.13 91
238 Kotak ELSS Tax Saver  14.8 20.7 16.8 17.3 10 6 1.79 89.47  16.3 22.3 18.3 18.7 9 6 0.55 102.82 4122
239 LIC MF ELSS Tax Saver  14.9 17.0 12.2 15.4 27 14 2.24 118.04  16.3 18.3 13.7 16.6 24 13 1.22 132.09 926
240 Mahindra Manulife ELSS Tax Saver  14.5 21.9 15.1 - 18 2.25 22.66  16.4 24.0 17.1 - 13 0.66 25.91 659
241 Mirae Asset Tax Saver  14.0 19.3 17.3 - 8 1.61 36.94  15.2 20.7 19.0 - 4 0.64 41.14 17532
242 Motilal Oswal ELSS Tax Saver  26.2 23.0 16.4 - 11 1.91 35.30  27.8 24.6 17.8 - 11 0.71 39.67 2508
243 Navi ELSS Tax Saver Nifty 50 Index NR - - - - - 1.00 11.87 NR - - - - - 0.10 11.94 21
244 Nippon Ind ELSS Tax Saver  15.6 23.4 12.5 15.2 24 15 1.71 96.62  16.4 24.3 13.3 16.0 25 16 1.03 104.89 12323
245 NJ ELSS Tax Saver Scheme NR - - - - - 2.33 11.83 NR - - - - - 0.50 11.92 124
246 Parag Parikh Tax Saver  17.6 22.6 - - - 1.85 24.11  19.0 24.2 - - - 0.75 25.45 2138
247 PGIM Ind ELSS Tax Saver  10.8 21.1 15.7 - 12 2.30 28.19  12.4 22.8 17.3 - 12 0.74 31.47 557
248 Quant Tax Plan  15.6 33.3 26.3 24.2 1 1 1.83 294.21  17.1 35.6 28.3 25.3 1 1 0.76 323.51 4957
249 Quantum ELSS Tax Saver  15.4 18.4 12.3 13.4 26 25 2.00 94.21  16.2 19.1 12.9 13.9 29 25 0.90 96.98 137
250 Samco ELSS Tax Saver NR - - - - - 2.34 12.87 NR - - - - - 0.89 13.06 67
251 SBI LT Eqt  26.7 25.3 17.9 16.2 4 11 1.72 310.40  27.6 26.2 18.7 17.0 7 12 0.98 331.84 15774
252 Shriram LT Eqt  13.2 14.4 - - - - 18.38  15.1 16.5 - - - - 20.09 38
S&P BSE 100 TRI 10.1 18.2 14.8 14.4
S&P BSE 500 TRI 13.4 20.2 16.0 15.6
S&P BSE Sensex TRI 7.6 16.3 14.5 13.9
All data as on November 30, 2023. *ETFs and index funds are excluded here. They have been included in their respective scoreboards. AUM as on October 31, 2023.

Mutual Fund Insight January 2024 59

Subscription copy of [[email protected]]. Redistribution prohibited.
 SCOREBOARD EQUITY
REGULAR DIRECT
Return (%) Rank Return (%) Rank Assets
No Fund Name Rating 1Y 3Y 5Y 10 Y 5 Y 10 Y Expense NAV Rating 1Y 3Y 5Y 10Y 5Y 10Y Expense NAV (` cr)

Equity: ELSS 16.6 20.0 15.5 16.1 30 25 17.9 21.4 16.7 17.1 30 25
253 Sundaram ELSS Tax Saver  13.8 20.4 14.6 15.1 20 17 2.26 399.77  14.4 21.0 15.2 15.7 22 18 1.67 423.62 1062
254 Tata ELSS Tax Saver  12.3 19.4 15.4 17.0 15 7 1.86 83.51  13.6 20.9 17.0 18.5 14 7 0.74 180.14 3478
255 Taurus ELSS Tax Saver  19.2 18.1 13.6 14.4 23 21 2.46 143.37  20.0 18.9 14.4 15.3 23 22 1.85 154.72 63
256 Union Tax Saver (ELSS)  16.2 21.4 17.3 14.2 9 22 2.35 51.68  17.2 22.3 18.0 14.9 10 24 1.42 55.30 695
257 UTI ELSS Tax Saver  13.2 17.3 15.2 14.5 17 20 1.90 166.46  14.4 18.5 16.3 15.5 17 19 0.86 183.29 3083
258 WhiteOak Capital ELSS Tax Saver NR 20.6 - - - - 0.07 12.65 NR 22.8 - - - - 0.07 12.91 97
Equity: Sectoral-Banking 13.2 16.8 12.8 15.4 11 7 14.6 18.1 14.0 16.6 11 7
259 ABSL Banking & Fin Srvcs  14.6 17.0 12.4 - 7 1.99 47.83  15.8 18.2 13.5 - 7 1.03 52.83 2787
260 Bandhan Fin Srvices NR - - - - - 2.34 10.91 NR - - - - - 0.59 10.98 586
261 Baroda BNP Paribas Banking & Fin Srvcs  11.5 13.6 11.4 13.5 9 6 2.46 35.84  12.8 14.7 12.4 14.4 10 7 1.26 39.20 92
262 HDFC Banking & Fin Srvcs NR 14.8 - - - - 1.93 13.30 NR 16.6 - - - - 0.60 13.84 2790
263 ICICI Pru Banking & Fin Srvces  11.0 17.8 11.6 16.9 8 2 1.85 101.86  11.9 18.8 12.6 18.1 8 2 1.02 113.20 6740
264 Invesco Ind Fin Srvices  19.5 17.2 14.1 17.0 3 1 2.38 100.48  21.1 18.8 15.6 18.8 3 1 1.08 117.53 575
265 ITI Banking and Fin Srvices NR 6.4 - - - - 2.34 11.87 NR 8.6 - - - - 0.44 12.38 239
266 Kotak Banking & Fin Srvices NR - - - - - 2.29 11.79 NR - - - - - 0.69 11.94 703
267 LIC MF Banking & Fin Srvices  10.1 13.8 10.7 - 10 2.51 17.78  11.8 15.5 12.4 - 9 1.20 19.57 280
268 Mirae Asset Banking and Fin Srvcs NR 13.0 - - - - 2.10 15.55 NR 14.7 - - - - 0.63 16.33 1445
269 Nippon Ind Banking & Fin Srvices  17.2 24.4 13.4 16.7 4 3 1.94 480.09  18.2 25.3 14.3 17.6 5 4 1.14 517.66 4588
270 Quant BFSI NR - - - - - 2.39 12.57 NR - - - - - 0.77 12.66 194
271 SBI Banking & Fin Srvices  10.7 13.9 13.2 - 5 1.91 29.69  11.9 15.2 14.5 - 4 0.77 32.57 4245
272 Sundaram Fin Srvices Opp  22.0 20.0 16.7 16.6 1 4 2.23 82.02  23.9 21.8 18.2 17.7 1 3 0.84 90.55 876
273 Tata Banking & Fin Srvcs  15.7 16.6 14.6 - 2 2.03 33.22  17.5 18.5 16.4 - 2 0.53 37.77 1672
274 Taurus Banking & Fin Srvices  7.4 14.3 12.8 14.0 6 5 2.44 42.44  8.2 15.2 13.7 15.1 6 5 1.71 46.84 9
275 UTI Banking & Fin Srvces  10.3 16.0 9.7 13.3 11 7 2.27 143.13  11.5 17.3 10.8 14.5 11 6 1.18 160.37 898
Equity: Sectoral-Infrastructure 31.6 34.0 20.4 18.0 19 18 32.8 35.2 21.4 19.1 19 18
276 ABSL Infrastructure  33.1 32.8 18.4 16.9 14 14 2.42 70.74  34.2 33.9 19.3 17.8 14 14 1.61 76.88 752
277 Bandhan Infra  37.2 36.6 19.3 16.2 13 15 2.34 34.82  39.0 38.3 20.7 17.8 12 15 1.13 39.89 762
278 Bank of Ind Manufacturing & Infra  34.6 31.2 23.0 18.5 3 7 2.46 41.37  36.2 32.9 24.6 20.0 2 6 1.27 47.24 142
279 Canara Robeco Infrastructure  24.6 32.3 19.5 17.8 11 12 2.47 104.76  26.1 33.8 20.8 18.9 11 10 1.17 115.33 359
280 DSP T.I.G.E.R.  36.1 36.5 21.5 18.7 6 6 2.03 224.23  37.3 37.6 22.3 19.5 7 7 1.13 239.89 2466
281 Franklin Build Ind  36.2 35.5 21.1 21.8 9 1 2.14 99.92  37.7 36.9 22.4 23.2 6 1 1.16 112.98 1558
282 HDFC Infrastructure  41.1 40.3 17.2 14.3 17 18 2.32 34.19  42.1 41.3 18.1 15.2 17 18 1.59 37.21 958
283 HSBC Infra  36.3 34.7 17.4 19.3 16 4 2.11 34.68  37.7 35.3 18.3 20.6 16 5 1.07 38.33 1811
284 ICICI Pru Infra  32.3 41.4 23.0 18.1 2 10 2.00 133.23  33.1 42.2 23.7 18.8 4 11 1.32 142.81 3345
285 Invesco Ind Infrastructure  33.4 32.2 22.4 20.2 5 3 2.34 44.09  35.2 34.1 24.1 22.1 3 3 0.91 51.82 617
286 Kotak Infra & Eco Reform  26.1 35.0 20.6 19.3 10 5 2.15 47.59  27.9 36.9 22.2 21.0 8 4 0.75 54.92 1139
287 LIC MF Infrastructure  29.5 30.1 19.3 14.9 12 17 2.52 31.93  30.8 31.6 20.6 16.2 13 16 1.49 35.72 130
288 Nippon Ind Power & Infra  39.7 36.6 21.2 18.0 7 11 2.04 249.30  40.6 37.5 22.0 18.7 10 12 1.33 266.25 2707
289 Quant Infrastructure  17.4 40.2 28.2 21.2 1 2 2.17 28.47  19.2 41.9 29.8 22.3 1 2 0.77 30.62 993
290 SBI Infrastructure  37.5 34.1 22.7 18.2 4 8 2.21 38.50  38.1 34.8 23.3 18.9 5 9 1.69 41.02 1309
291 Sundaram Infra Advtg  25.1 29.3 18.0 16.8 15 2.48 68.79  25.8 29.9 18.6 17.5 15 1.94 72.84 710
292 Tata Infrastructure  29.8 34.0 21.2 18.2 8 9 2.21 134.53  31.0 35.2 22.2 19.0 9 8 1.39 144.01 1318
S&P BSE 500 TRI 13.4 20.2 16.0 15.6
S&P BSE Bankex TRI 2.8 14.8 11.4 15.5
S&P BSE India Infrastructure TRI 37.3 40.1 20.4 14.6
S&P BSE Sensex TRI 7.6 16.3 14.5 13.9
All data as on November 30, 2023. *ETFs and index funds are excluded here. They have been included in their respective scoreboards. AUM as on October 31, 2023.

60 Mutual Fund Insight January 2024

Subscription copy of [[email protected]]. Redistribution prohibited.

 REGULAR DIRECT
Return (%) Rank Return (%) Rank Assets
No Fund Name Rating 1Y 3Y 5Y 10 Y 5 Y 10 Y Expense NAV Rating 1Y 3Y 5Y 10Y 5Y 10Y Expense NAV (` cr)

Equity: Sectoral-Infrastructure 31.6 34.0 20.4 18.0 19 18 32.8 35.2 21.4 19.1 19 18
293 Taurus Infrastructure  27.2 26.6 17.0 17.3 18 13 2.49 52.92  27.9 27.2 17.5 18.0 18 13 2.14 56.35 7
294 UTI Infrastructure  22.7 27.0 16.6 15.1 19 16 2.24 106.08  23.2 27.4 17.0 15.6 19 17 1.94 110.81 1644
Equity: Sectoral-Pharma 26.1 14.9 19.9 15.1 6 3 27.7 16.3 21.3 16.2 6 3
295 ABSL Pharma & Helthcr  27.0 13.7 - - - 2.42 22.69  28.8 15.4 - - - 1.07 24.37 506
296 DSP Healthcare  25.6 15.9 - - - 2.04 28.39  27.3 17.5 - - - 0.69 30.66 1718
297 HDFC Pharma And Helthcr NR - - - - - 2.42 10.85 NR - - - - - 1.22 10.87 507
298 ICICI Pru Pharma Hlthcr & Diagn  30.9 16.4 20.8 - 2 1.99 25.95  32.1 17.5 22.2 - 2 1.12 27.58 3271
299 ITI Pharma and Helthcr NR 21.1 - - - - 2.34 11.79 NR 23.6 - - - - 0.43 12.32 129
300 LIC MF Helthcr  18.5 9.3 - - - 2.44 20.69  19.9 10.6 - - - 1.21 22.13 48
301 Mirae Asset Healthcare  24.1 15.7 21.2 - 1 2.03 27.47  26.0 17.5 23.2 - 1 0.54 29.90 1783
302 Nippon Ind Pharma  29.2 16.6 19.8 17.0 3 1 1.86 377.69  30.3 17.7 20.9 18.0 4 1 0.95 414.53 5539
303 Quant Healthcare NR - - - - - 2.39 11.63 NR - - - - - 0.77 11.70 162
304 SBI Helthcr Opp  27.9 16.6 19.1 14.9 5 2 2.08 293.56  29.3 17.9 20.3 16.2 5 2 1.01 330.44 1982
305 Tata Ind Pharma & Helthcr  27.2 15.6 19.8 - 4 2.32 21.83  29.1 17.3 21.6 - 3 0.90 24.78 667
306 UTI Healthcare  29.4 14.2 18.4 13.4 6 3 2.35 198.86  30.7 15.4 19.6 14.5 6 3 1.37 220.64 765
Equity: Sectoral-Technology 19.6 22.1 22.6 18.0 5 4 20.8 23.5 24.0 19.0 5 4
307 ABSL Digital Ind NR 19.8 23.7 24.0 19.3 1 1 1.89 147.66 NR 21.1 25.2 25.4 20.4 1 1 0.80 163.22 3953
308 Franklin Ind Tech NR 35.3 19.1 21.5 16.5 5 4 2.27 402.15 NR 36.8 20.3 22.7 17.3 5 4 1.35 435.42 964
309 HDFC Tech NR - - - - - 2.36 10.31 NR - - - - - 1.16 10.34 688
310 ICICI Pru Tech NR 12.1 21.7 22.9 18.6 2 2 1.75 158.66 NR 13.1 23.0 24.1 19.6 3 2 0.88 174.21 10868
311 Quant Teck NR - - - - - 2.39 9.93 NR - - - - - 0.77 9.96 188
312 SBI Tech Opp NR 13.9 22.8 22.1 17.5 4 3 1.99 99.11 NR 15.1 24.2 23.4 18.7 4 3 0.86 184.26 3185
313 Tata Digital Ind NR 15.2 23.0 22.2 - 3 1.70 38.33 NR 16.9 25.0 24.3 - 2 0.33 43.72 7904
314 Tata Nifty Ind Digital ETF FoF NR 21.1 - - - - 0.48 11.09 NR 21.7 - - - - 0.07 11.18 38
Equity: Thematic 20.5 22.8 16.2 15.8 14 8 21.9 24.1 17.4 16.8 14 8
315 360 ONE Quant NR 29.7 - - - - 1.58 13.87 NR 31.2 - - - - 0.43 14.19 66
316 ABSL Business Cycle NR 8.2 - - - - 2.11 11.76 NR 9.7 - - - - 0.87 12.13 1505
317 ABSL Manufacturing Eqt NR 17.5 16.4 12.3 - 14 2.44 23.56 NR 18.6 17.5 13.3 - 14 1.56 25.51 704
318 ABSL Special Opp NR 14.6 18.5 - - - 2.38 18.25 NR 16.2 20.4 - - - 1.03 19.19 631
319 ABSL Transportation and Logistics NR - - - - - 2.27 10.36 NR - - - - - 0.87 10.36 -
320 Axis Business Cycles NR - - - - - 1.96 12.53 NR - - - - - 0.52 12.67 2485
321 Axis Quant NR 17.0 - - - - 2.20 13.22 NR 19.0 - - - - 0.64 13.77 925
322 Axis Special Situations NR 14.6 - - - - 2.15 13.75 NR 16.2 - - - - 0.78 14.37 1195
323 Bandhan Transportation and Logistics NR 30.5 - - - - 2.38 13.28 NR 32.7 - - - - 0.69 13.52 335
324 Baroda BNP Paribas Business Cycle NR 16.4 - - - - 2.46 12.19 NR 17.9 - - - - 1.21 12.60 368
325 DSP Quant NR 8.5 12.2 - - - 1.30 18.00 NR 9.3 13.1 - - - 0.56 18.61 1197
326 Edelweiss Recently Listed IPO NR 28.5 21.1 21.3 - - 2.25 22.10 NR 30.2 22.5 22.3 - - 0.92 23.18 886
327 Franklin Ind Opp NR 37.6 25.5 19.6 17.8 3 2 2.15 170.28 NR 38.7 26.4 20.6 18.6 3 2 1.25 183.89 1490
328 HDFC Business Cycle NR 18.0 - - - - 1.94 11.81 NR 19.7 - - - - 0.55 11.98 2656
329 HDFC Defence NR - - - - - 2.13 13.46 NR - - - - - 0.86 13.54 1365
330 HDFC Hsng Opp NR 26.2 25.3 14.9 - 10 2.23 17.89 NR 27.5 26.5 16.0 - 10 1.26 19.03 1153
S&P BSE 500 TRI 13.4 20.2 16.0 15.6
S&P BSE Healthcare TRI 27.8 15.1 17.0 13.0
S&P BSE India Infrastructure TRI 37.3 40.1 20.4 14.6
S&P BSE IT TRI 11.2 17.5 20.6 17.0
S&P BSE Sensex TRI 7.6 16.3 14.5 13.9
All data as on November 30, 2023. *ETFs and index funds are excluded here. They have been included in their respective scoreboards. AUM as on October 31, 2023.

Mutual Fund Insight January 2024 61

Subscription copy of [[email protected]]. Redistribution prohibited.
 SCOREBOARD EQUITY
REGULAR DIRECT
Return (%) Rank Return (%) Rank Assets
No Fund Name Rating 1Y 3Y 5Y 10 Y 5 Y 10 Y Expense NAV Rating 1Y 3Y 5Y 10Y 5Y 10Y Expense NAV (` cr)

Equity: Thematic 20.5 22.8 16.2 15.8 14 8 21.9 24.1 17.4 16.8 14 8
331 HDFC Transportation and Logistics NR - - - - - 2.42 11.11 NR - - - - - 1.24 11.15 555
332 HSBC Business Cycles NR 21.9 22.9 15.6 - 8 2.42 30.17 NR 23.2 24.2 16.7 - 8 1.35 32.62 620
333 ICICI Pru Business Cycle NR 20.5 - - - - 1.82 17.32 NR 22.0 - - - - 0.82 18.00 6613
334 ICICI Pru Commodities NR 17.5 36.3 - - - 2.11 32.23 NR 19.1 38.3 - - - 1.06 34.22 1467
335 ICICI Pru Exports & Srvces NR 17.2 24.0 16.5 16.5 6 3 2.32 118.32 NR 17.9 24.6 17.2 17.3 7 3 1.66 127.55 1112
336 ICICI Pru FMCG NR 14.9 21.4 14.0 14.6 11 7 2.20 450.01 NR 15.9 22.4 14.9 15.5 12 7 1.30 489.12 1419
337 ICICI Pru Hsng Opp NR 18.5 - - - - 2.01 13.04 NR 20.3 - - - - 0.81 13.37 2378
338 ICICI Pru Ind Opp NR 25.9 35.9 - - - 1.71 25.93 NR 27.3 37.6 - - - 0.65 27.78 12448
339 ICICI Pru Innovation NR - - - - - 1.95 12.62 NR - - - - - 0.77 12.71 2922
340 ICICI Pru Manufacturing NR 31.9 31.4 19.7 - 2 2.12 24.96 NR 33.0 32.5 21.0 - 2 1.05 26.38 1517
341 ICICI Pru Quant NR 14.9 - - - - 1.23 17.15 NR 15.7 - - - - 0.58 17.51 61
342 ICICI Pru Thematic Advtg (FOF) NR 18.3 26.5 18.5 15.4 - 1.47 164.83 NR 19.6 27.9 19.3 - - 0.45 172.79 1270
343 ICICI Pru Transportation and Logistics NR 32.2 - - - - 1.98 13.31 NR 34.4 - - - - 0.59 13.55 2435
344 Kotak Business Cycle NR 12.9 - - - - 1.93 11.69 NR 14.8 - - - - 0.30 11.92 2377
345 Kotak Manufacture in India NR 20.3 - - - - 2.07 13.71 NR 22.3 - - - - 0.50 14.12 1346
346 Kotak Pioneer NR 25.5 20.4 - - - 1.89 22.21 NR 27.4 22.4 - - - 0.47 23.76 1799
347 Kotak Quant NR - - - - - 1.26 11.31 NR - - - - - 1.16 11.32 221
348 Mahindra Manulife Business Cycle NR - - - - - 2.33 10.44 NR - - - - - 0.43 10.48 473
349 Mahindra Manulife Consmpn NR 18.1 19.9 12.5 - 13 2.39 18.10 NR 20.1 21.8 14.4 - 13 0.80 19.73 96
350 Mirae Asset Nifty Ind Manftng ETF FoF NR 20.4 - - - - 0.51 13.04 NR 20.9 - - - - 0.10 13.13 53
351 Nippon Ind Innovation NR - - - - - 2.20 10.68 NR - - - - - 0.85 10.72 978
352 Nippon Ind Quant NR 19.9 22.6 16.7 13.6 5 8 0.96 52.44 NR 20.5 23.5 17.6 14.4 6 8 0.38 56.33 42
353 Quant Business Cycle NR - - - - - 2.28 13.36 NR - - - - - 0.77 13.47 642
354 Quant Manufacturing NR - - - - - 2.39 11.46 NR - - - - - 0.77 11.52 229
355 Quant Momentum NR - - - - - 2.39 10.04 NR - - - - - 0.77 10.05 -
356 Quant Quantamental NR 26.7 - - - - 2.12 17.74 NR 28.8 - - - - 0.75 18.54 1094
357 Samco Active Momentum NR - - - - - 2.40 11.53 NR - - - - - 0.95 11.60 431
358 SBI Eqt Minimum Variance NR 15.3 18.9 - - - 0.74 19.98 NR 15.7 19.3 - - - 0.41 20.34 158
359 SBI Magnum COMMA NR 16.6 21.8 19.0 16.3 4 4 2.58 81.12 NR 17.2 22.4 19.6 17.0 4 4 2.03 86.86 460
360 Sundaram Services NR 17.8 25.4 20.9 - 1 1.95 26.45 NR 19.2 27.0 22.4 - 1 0.81 28.09 2807
361 Tata Business Cycle NR 23.1 - - - - 2.05 14.82 NR 25.1 - - - - 0.42 15.42 1285
362 Tata Ethical NR 14.4 20.2 16.4 14.9 7 5 2.06 327.28 NR 15.7 21.7 17.7 16.2 5 5 0.87 366.14 1883
363 Tata Hsng Opp NR 27.2 - - - - 2.38 12.96 NR 29.4 - - - - 0.70 13.26 456
364 Tata Quant NR 19.4 14.2 - - - 2.39 12.90 NR 21.3 16.1 - - - 0.88 13.76 42
365 Taurus Ethical NR 14.5 17.1 15.1 14.7 9 6 2.43 101.13 NR 15.9 18.3 16.4 15.7 9 6 1.33 111.53 114
366 Union Innovation & Opp NR - - - - - 2.38 10.28 NR - - - - - 0.88 10.32 502
367 UTI Innovation NR - - - - - 2.41 10.53 NR - - - - - 1.00 10.55 449
368 UTI Transportation & Logistics NR 26.6 24.9 13.8 18.0 12 1 1.98 196.49 NR 28.0 26.4 15.2 19.4 11 1 0.82 221.13 2348
Equity: Thematic-Dividend Yield 21.9 24.0 17.3 15.4 5 4 23.3 25.1 18.3 16.2 5 4
369 ABSL Dividend Yld NR 28.3 25.7 17.8 14.9 3 3 2.30 352.40 NR 29.3 26.6 18.7 15.7 3 3 1.55 381.98 1009
370 HDFC Dividend Yld NR 23.3 - - - - 1.86 19.41 NR 25.0 - - - - 0.46 20.32 3655
371 ICICI Pru Dividend Yld Eqt NR 25.2 31.1 18.5 - 2 1.95 37.52 NR 27.1 32.8 19.8 - 2 0.63 40.98 2665
372 LIC MF Dividend Yld NR 17.9 18.8 - - - 2.49 21.12 NR 19.1 20.0 - - - 1.44 22.41 87
373 SBI Dividend Yld NR - - - - - 1.86 11.96 NR - - - - - 0.81 12.06 5208
374 Sundaram Dividend Yld NR 20.2 21.0 16.0 16.3 4 1 2.37 108.39 NR 21.7 22.1 16.9 17.1 4 1 1.02 115.86 596
S&P BSE 500 TRI 13.4 20.2 16.0 15.6
All data as on November 30, 2023. *ETFs and index funds are excluded here. They have been included in their respective scoreboards. AUM as on October 31, 2023.

62 Mutual Fund Insight January 2024

Subscription copy of [[email protected]]. Redistribution prohibited.

 REGULAR DIRECT
Return (%) Rank Return (%) Rank Assets
No Fund Name Rating 1Y 3Y 5Y 10 Y 5 Y 10 Y Expense NAV Rating 1Y 3Y 5Y 10Y 5Y 10Y Expense NAV (` cr)

Equity: Thematic-Dividend Yield 21.9 24.0 17.3 15.4 5 4 23.3 25.1 18.3 16.2 5 4
375 Tata Dividend Yld NR 20.6 - - - - 2.30 14.19 NR 22.8 - - - - 0.57 14.86 599
376 Templeton Ind Eqt Incm NR 18.4 26.0 18.8 16.0 1 2 2.18 104.21 NR 19.5 27.0 19.8 16.8 1 2 1.39 112.54 1582
377 UTI Dividend Yld NR 21.3 21.1 15.6 14.5 5 4 2.03 128.42 NR 22.0 21.8 16.3 15.2 5 4 1.44 137.26 3059
Equity: Thematic-MNC 16.0 16.6 11.4 15.6 3 3 17.0 17.7 12.3 16.6 3 3
378 ABSL MNC NR 16.1 10.0 8.5 14.7 3 3 2.01 1101.02 NR 16.9 10.8 9.4 15.7 3 3 1.28 1211.26 3329
379 HDFC MNC NR - - - - - 2.48 11.84 NR - - - - - 1.28 11.94 455
380 ICICI Pru MNC NR 17.0 22.4 - - - 2.15 23.10 NR 18.5 24.0 - - - 1.05 24.57 1441
381 SBI Magnum Global NR 15.9 18.8 15.4 16.8 1 1 1.91 335.37 NR 16.7 19.6 16.3 17.7 1 1 1.21 365.42 6122
382 UTI MNC NR 15.0 15.3 10.3 15.2 2 2 2.02 320.71 NR 16.0 16.3 11.2 16.2 2 2 1.15 352.31 2546
Equity: Thematic-Energy 18.1 24.3 18.8 19.0 2 1 19.7 26.0 20.4 20.0 2 1
383 DSP Natural Rsrcs and New Energy NR 20.2 26.1 17.3 19.0 2 1 2.28 68.31 NR 21.5 27.6 18.6 20.0 2 1 1.20 74.63 727
384 Tata Resrcs & Energy NR 16.0 22.4 20.3 - 1 2.40 33.82 NR 17.9 24.4 22.3 - 1 0.82 38.65 296
Equity: Thematic-PSU 33.4 33.7 19.2 14.4 2 2 35.2 35.6 20.5 15.7 2 2
385 ABSL PSU Eqt NR 38.3 37.5 - - - 2.10 23.71 NR 40.1 39.9 - - - 0.70 25.36 1313
386 ICICI Pru PSU Eqt NR 32.4 - - - - 2.08 14.02 NR 34.6 - - - - 0.67 14.29 1504
387 Invesco Ind PSU Eqt NR 32.2 29.8 21.0 17.3 1 1 2.41 41.63 NR 34.0 31.6 22.6 19.0 1 1 1.15 48.36 530
388 SBI PSU NR 30.8 33.7 17.4 11.5 2 2 2.34 21.16 NR 32.3 35.1 18.4 12.4 2 2 1.20 22.88 823
Equity: Thematic-Consumption 19.6 22.4 16.7 16.6 9 7 20.9 23.8 18.0 17.8 9 7
389 ABSL Ind GenNext  15.2 20.2 16.7 17.9 6 2 1.90 170.63  16.5 21.6 18.0 19.2 6 3 0.81 191.72 4073
390 Baroda BNP Paribas Ind Consmpn  20.0 20.8 18.7 - 2 2.17 25.07  21.7 22.6 20.5 - 2 0.74 27.11 1044
391 Canara Robeco Consumer Trends  17.0 21.4 17.9 18.7 3 1 2.16 85.27  18.5 23.0 19.5 20.0 3 1 0.90 96.06 1161
392 HDFC Non-Cyclical Consumer NR - - - - - 2.44 11.11 NR - - - - - 1.17 11.17 526
393 HSBC Consmpn NR - - - - - 2.22 10.86 NR - - - - - 0.83 10.90 955
394 ICICI Pru Bhrt Consmpn  23.0 23.1 - - - 2.13 20.20  23.9 24.3 - - - 1.25 21.38 2153
395 Kotak Consmpn NR - - - - - 2.38 10.09 NR - - - - - 0.72 10.09 -
396 Mirae Asset Great Consumer  22.7 24.1 17.5 17.8 5 3 1.92 74.78  24.5 26.1 19.4 19.4 4 2 0.48 87.07 2644
397 Nippon Ind Consmpn  18.1 26.5 20.2 15.7 1 6 2.43 155.67  19.4 27.9 21.3 16.7 1 6 1.20 171.07 546
398 SBI Consmpn Opp  20.8 29.8 17.6 16.9 4 5 2.15 153.69  22.1 31.2 18.8 18.1 5 4 1.03 286.19 1648
399 Sundaram Consmpn  21.5 20.0 14.3 17.1 8 4 2.21 78.37  22.5 21.1 15.3 18.0 8 5 1.34 84.71 1282
400 Tata Ind Consumer  23.9 21.1 14.5 - 7 2.08 34.64  25.5 22.7 16.1 - 7 0.81 39.05 1628
401 UTI Ind Consumer  13.5 16.9 12.5 12.2 9 7 2.50 45.71  14.4 17.6 13.2 12.9 9 7 1.59 48.73 505
Equity: International 16.6 4.2 8.4 6.1 27 18 16.7 5.1 9.1 6.9 27 16
402 ABSL Global Emrgng Opp NR 7.7 5.6 11.4 4.0 - 1.13 20.17 NR 8.2 6.1 12.0 4.4 - 0.58 20.92 228
403 ABSL Global Excellence Eqt FoF NR 25.6 9.9 6.9 5.2 - 1.28 25.83 NR 26.3 10.5 7.4 5.7 - 0.68 27.20 150
404 ABSL Intl Eqt NR 3.3 4.5 8.3 6.5 14 7 2.52 30.42 NR 4.1 5.4 9.1 7.2 13 8 1.84 32.51 183
405 ABSL NASDAQ 100 FOF NR 39.8 - - - - 0.69 10.80 NR 40.3 - - - - 0.33 10.89 278
406 Axis Global Eqt Alpha FoF NR 15.5 9.7 - - - 1.58 14.06 NR 16.8 11.0 - - - 0.56 14.61 860
407 Axis Global Innovation FoF NR 20.9 - - - - 1.57 10.47 NR 22.2 - - - - 0.52 10.79 691
408 Axis Grtr China Eqt FoF NR -2.9 - - - - 1.58 6.67 NR -1.7 - - - - 0.57 6.90 128
409 Axis NASDAQ 100 FoF NR 38.3 - - - - 0.66 14.10 NR 38.9 - - - - 0.22 14.17 116
410 Bandhan US Eqt FoF NR 25.1 - - - - 1.58 10.98 NR 26.4 - - - - 0.48 11.25 261
S&P BSE 500 TRI 13.4 20.2 16.0 15.6
S&P BSE Con. Dis. Goods & Ser. TRI 26.6 23.6 15.9 17.6
S&P BSE Energy TRI 4.0 19.1 19.2 18.0
S&P BSE PSU TRI 39.8 42.6 19.4 12.7
S&P BSE Sensex TRI 7.6 16.3 14.5 13.9
All data as on November 30, 2023. *ETFs and index funds are excluded here. They have been included in their respective scoreboards. AUM as on October 31, 2023.

Mutual Fund Insight January 2024 63

Subscription copy of [[email protected]]. Redistribution prohibited.
 SCOREBOARD EQUITY
REGULAR DIRECT
Return (%) Rank Return (%) Rank Assets
No Fund Name Rating 1Y 3Y 5Y 10 Y 5 Y 10 Y Expense NAV Rating 1Y 3Y 5Y 10Y 5Y 10Y Expense NAV (` cr)

Equity: International 16.6 4.2 8.4 6.1 27 18 16.7 5.1 9.1 6.9 27 16
411 Baroda BNP Paribas Aqua FoF NR 11.1 - - - - 1.60 10.90 NR 12.2 - - - - 0.54 11.21 65
412 DSP Global Allocation NR 8.0 3.3 8.3 - 13 2.07 17.61 NR 8.6 4.0 9.0 - 14 1.45 18.45 53
413 DSP Global Innovation FoF NR 35.8 - - - - 2.04 11.39 NR 37.0 - - - - 1.08 11.58 539
414 DSP US Flexible Eqt NR 14.1 10.8 13.9 12.0 5 3 2.35 46.30 NR 15.1 11.7 14.8 12.9 6 3 1.51 50.07 725
415 DSP World Agriculture NR -9.7 -3.5 2.2 1.9 24 15 2.30 17.77 NR -9.3 -3.2 2.4 2.2 24 14 1.76 18.37 17
416 DSP World Energy NR 2.4 7.4 6.1 1.6 18 16 2.17 16.93 NR 3.0 8.1 6.7 2.0 19 15 1.55 17.65 138
417 DSP World Gold FoF NR 10.9 -1.4 12.0 4.7 8 11 2.35 17.25 NR 11.5 -0.7 12.6 5.3 8 11 1.71 18.25 733
418 DSP World Mining NR -6.4 10.9 15.7 5.4 1 9 2.17 15.24 NR -5.8 11.6 16.4 6.0 2 9 1.51 16.23 159
 (GHOZHLVV$6($1(TW2΍6KRUH 15         15         
 (GHOZHLVV(PUJQJ0NW2SS(TW2΍VKU 15         15         
 (GHOZHLVV(XU'\Q(TW2΍VKU 15         15         
 (GHOZHLVV*UWU&KLQD(TW2΍VKRUH 15         15         
423 Edelweiss US Tech Eqt FoF NR 48.5 5.0 - - - 1.55 19.09 NR 49.9 6.0 - - - 0.61 19.81 1762
 (GHOZHLVV869DOXH(TW2΍VKU 15         15         
425 Franklin Asian Eqt NR -1.7 -6.7 4.4 5.0 20 10 2.50 24.52 NR -0.7 -5.9 5.2 5.7 20 10 1.47 26.44 250
426 Franklin Ind Feeder Franklin US Opp NR 25.3 3.7 14.0 12.2 4 2 1.52 54.50 NR 26.5 4.7 15.2 13.3 4 2 0.52 60.64 2896
427 Franklin Ind Feeder Templtn Europn Opp NR 8.7 3.4 0.8 - 25 1.37 9.65 NR 9.7 4.3 1.7 - 25 0.44 10.72 16
428 HDFC Developed World Indexes FoF NR 16.4 - - - - 0.69 11.29 NR 16.9 - - - - 0.28 11.42 1034
 +6%&$VLD3DFLȴF ([-DSDQ 'LY<OG 15         15         
430 HSBC Brazil NR 13.8 1.9 -1.4 -2.2 27 18 1.57 7.52 NR 14.6 2.7 -0.7 - 27 1.00 8.16 36
431 HSBC Global Emrgng Mkts NR -0.2 -4.3 4.4 3.2 21 14 1.54 16.32 NR 0.5 -3.6 5.2 - 21 0.83 17.65 28
432 HSBC Global Eqt Climate Change FoF NR 3.5 - - - - 1.46 9.01 NR 4.2 - - - - 0.81 9.20 168
433 ICICI Pru Global Advtg (FOF) NR 9.5 -0.3 - - - 1.37 12.98 NR 10.3 0.4 - - - 0.67 13.35 331
434 ICICI Pru Global Stable Eqt (FOF) NR 7.5 9.7 9.2 8.3 11 5 1.47 23.00 NR 7.8 10.0 9.7 9.0 11 5 0.82 24.56 109
435 ICICI Pru Strategic Mtal & Enrgy Eqt FoF NR 0.5 - - - - 1.56 13.47 NR 1.5 - - - - 0.62 13.73 94
436 ICICI Pru US Bluechip Eqt NR 15.5 11.7 14.8 13.1 3 1 2.02 52.48 NR 16.6 12.8 15.9 14.1 3 1 1.10 57.81 2554
437 Invesco (I) Global Eqt Incm FoF NR 23.0 13.5 12.1 - 7 1.40 21.44 NR 23.7 14.3 12.8 - 7 0.91 23.53 17
438 Invesco Ind Global Consumer Trends NR 14.9 - - - - 1.54 6.89 NR 16.0 - - - - 0.60 7.11 318
439 Invesco Ind-Invesco Pan European Eqt FoF NR 19.4 12.5 8.9 - 12 0.96 15.77 NR 19.8 12.9 9.4 - 12 0.61 17.07 33
440 Invesco Ind-InvscoEQQQ NSDQ-100ETF FoF NR 39.3 - - - - 0.40 12.32 NR 39.7 - - - - 0.16 12.37 304
441 Kotak Global Emrgng Mkt NR 7.0 -1.5 7.0 3.8 16 13 1.66 20.47 NR 7.6 -1.0 7.6 4.5 16 13 1.26 22.03 92
442 Kotak Global Innovation FoF NR 17.5 - - - - 1.60 8.29 NR 18.9 - - - - 0.45 8.53 928
443 Kotak Intl REIT FOF NR -3.8 - - - - 1.38 8.97 NR -3.0 - - - - 0.50 9.21 77
444 Kotak Nasdaq 100 FOF NR 40.2 - - - - 0.67 13.28 NR 40.7 - - - - 0.31 13.43 2388
 0DKLQGUD0DQXOLIH$VLD3DFLȴF5(Ζ7V 15         15         
446 Mirae Asset Glob Elec & Aut Veh ETFs FoF NR -2.2 - - - - 0.52 9.43 NR -1.9 - - - - 0.20 9.48 80
447 Mirae Asset Hang Seng TECH ETF FoF NR 6.2 - - - - 0.57 7.25 NR 6.6 - - - - 0.15 7.32 85
448 Mirae Asset NYSE FANG+ ETF FoF NR 81.4 - - - - 0.44 14.51 NR 82.0 - - - - 0.04 14.66 996
449 Mirae Asset S&P 500 Top 50 ETF FoF NR 29.5 - - - - 0.49 12.08 NR 30.1 - - - - 0.08 12.20 411
450 Mirae Asset X Arti Int & Tech ETF FoF NR 39.4 - - - - 0.37 14.56 NR 39.7 - - - - 0.18 14.60 175
451 Motilal Oswal Developed Mkt Ex US ETFs NR - - - - - 0.57 10.39 NR - - - - - 0.17 10.40 10
452 Motilal Oswal Nasdaq 100 FOF NR 34.7 12.6 - - - 0.57 27.17 NR 35.3 13.0 - - - 0.18 27.72 3813
453 Navi NASDAQ 100 FoF NR 35.9 - - - - 0.30 11.78 NR 36.2 - - - - 0.13 11.82 671
454 Navi US Total Stock Mkt FoF NR 14.8 - - - - 0.06 11.76 NR 14.8 - - - - 0.06 11.77 694
455 Nippon Ind Japan Eqt NR 14.7 0.7 5.9 - 19 2.47 16.54 NR 16.2 2.0 7.2 - 18 1.32 18.11 269
S&P BSE 500 TRI 13.4 20.2 16.0 15.6
All data as on November 30, 2023. *ETFs and index funds are excluded here. They have been included in their respective scoreboards. AUM as on October 31, 2023.

64 Mutual Fund Insight January 2024

Subscription copy of [[email protected]]. Redistribution prohibited.

 REGULAR DIRECT
Return (%) Rank Return (%) Rank Assets
No Fund Name Rating 1Y 3Y 5Y 10 Y 5 Y 10 Y Expense NAV Rating 1Y 3Y 5Y 10Y 5Y 10Y Expense NAV (` cr)

Equity: International 15.1 3.6 8.0 5.7 27 18 15.9 4.4 8.9 7.1 27 16
456 Nippon Ind Taiwan Eqt NR 33.5 - - - - 2.41 9.22 NR 35.3 - - - - 0.99 9.51 463
457 Nippon Ind US Eqt Opp NR 21.1 8.8 13.6 - 6 2.41 26.82 NR 22.6 10.1 15.0 - 5 1.29 29.39 563
458 PGIM Ind Emrgng Mkts NR 5.0 -8.6 -0.7 -0.6 26 17 1.62 12.34 NR 6.2 -7.5 0.4 0.4 26 16 0.57 13.84 104
459 PGIM Ind Glbl Selct Real Estate Sec FoF NR 2.9 - - - - 1.43 8.91 NR 3.7 - - - - 0.55 9.06 72
460 PGIM Ind Global Eqt Opp NR 29.5 1.5 15.5 7.9 2 6 1.55 34.07 NR 30.8 2.6 16.7 8.9 1 6 0.60 37.97 1285
461 SBI Intl Access-US Eqt FoF NR 13.3 - - - - 1.61 12.65 NR 14.1 - - - - 0.90 12.92 731
462 Sundaram Global Brand NR 22.2 10.3 12.5 7.0 - 2.28 27.77 NR 23.4 11.4 13.4 7.7 - 1.26 29.95 109
Equity: Multi Cap 22.0 0 0 23.6 0 0
463 ABSL Multi-Cap NR 18.6 - - - - 1.86 15.03 NR 20.2 - - - - 0.61 15.66 4364
464 Axis Multicap NR 24.6 - - - - 1.84 12.66 NR 26.4 - - - - 0.49 13.03 4258
465 Bandhan Multi Cap NR 20.0 - - - - 2.06 13.07 NR 21.9 - - - - 0.54 13.50 1533
466 Bank of Ind Multi Cap NR - - - - - 2.52 13.51 NR - - - - - 1.62 13.61 306
467 Baroda BNP Paribas Multi Cap NR 20.7 23.3 17.7 15.9 - 2.09 212.77 NR 21.9 24.6 18.9 17.2 - 1.09 234.77 1840
468 Canara Robeco Multi Cap NR - - - - - 2.02 11.00 NR - - - - - 0.52 11.07 1681
469 Edelweiss Multi Cap NR - - - - - 2.11 11.01 NR - - - - - 0.35 11.03 992
470 HDFC Multi Cap NR 28.7 - - - - 1.73 14.52 NR 30.3 - - - - 0.55 14.93 8962
471 HSBC Multi Cap NR - - - - - 2.04 13.83 NR - - - - - 0.68 13.98 1781
472 ICICI Pru Multicap NR 22.3 24.5 16.0 16.8 - 1.81 586.48 NR 23.3 25.6 17.1 17.9 - 1.02 645.78 8761
473 Invesco Ind Multicap NR 21.9 22.3 16.4 18.3 - 1.94 98.91 NR 23.5 24.0 18.0 20.1 - 0.68 115.33 2675
474 ITI Multi Cap NR 24.8 18.6 - - - 2.27 18.12 NR 27.2 21.1 - - - 0.50 19.93 659
475 Kotak Multicap NR 26.6 - - - - 1.74 13.77 NR 28.5 - - - - 0.44 14.27 6354
476 LIC MF Multi Cap NR 22.0 - - - - 2.29 12.36 NR 24.1 - - - - 0.63 12.60 681
477 Mahindra Manulife Multi Cap NR 24.0 27.6 21.2 - - 1.94 26.72 NR 26.0 29.8 23.3 - - 0.39 30.29 2205
478 Mirae Asset Multicap NR - - - - - 2.00 10.80 NR - - - - - 0.40 10.85 1731
479 Nippon Ind Multi Cap NR 27.4 33.6 18.4 17.5 - 1.67 217.18 NR 28.4 34.5 19.2 18.4 - 0.87 235.20 20916
480 Quant Active NR 13.6 30.2 24.3 22.9 - 1.81 529.92 NR 15.0 32.2 25.8 23.8 - 0.77 567.33 6060
481 SBI Multicap NR 16.2 - - - - 1.82 12.64 NR 17.3 - - - - 0.92 12.87 12958
482 Sundaram Multi Cap NR 18.3 21.9 14.9 16.6 - 2.05 291.20 NR 19.7 23.4 16.3 17.7 - 0.93 318.50 2040
483 Tata Multicap NR - - - - - 1.94 12.08 NR - - - - - 0.28 12.25 2473
484 Union Multicap NR - - - - - 2.35 12.47 NR - - - - - 0.94 12.63 618
485 WhiteOak Capital Multi Cap NR - - - - - 0.05 10.80 NR - - - - - 0.05 10.84 459
Equity: Thematic-ESG 13.0 17.9 14.1 14.5 1 1 14.3 19.1 14.9 15.4 1 1
486 ABSL ESG NR 10.9 - - - - 2.35 13.76 NR 12.5 - - - - 0.92 14.44 689
487 Axis ESG Eqt NR 15.5 11.4 - - - 2.21 17.36 NR 16.9 13.0 - - - 1.25 18.35 1319
488 ICICI Pru ESG NR 19.3 15.3 - - - 2.16 16.43 NR 20.8 16.9 - - - 0.87 17.18 1254
489 Invesco India ESG Eqt NR 13.5 - - - - 2.39 13.96 NR 15.2 - - - - 0.94 14.62 528
490 Kotak ESG Opp NR 11.4 - - - - 2.18 13.73 NR 13.3 - - - - 0.71 14.44 952
491 Mirae Asset Nifty100 ESG Sec Leaders FoF NR 5.8 13.3 - - - 0.46 14.58 NR 6.3 13.7 - - - 0.07 14.73 108
492 Quant ESG Eqt NR 14.9 34.8 - - - 2.39 26.01 NR 16.9 36.9 - - - 0.77 27.27 185
493 Quantum Ind ESG Eqt NR 12.7 15.7 - - - 2.08 19.36 NR 13.7 16.7 - - - 0.83 19.99 72
494 SBI Magnum Eqt ESG NR 12.9 16.9 14.1 14.5 1 1 1.96 191.37 NR 13.6 17.7 14.9 15.4 1 1 1.31 207.60 4879
S&P BSE 100 TRI 10.1 18.2 14.8 14.4
S&P BSE 500 TRI 13.4 20.2 16.0 15.6

All data as on November 30, 2023. *ETFs and index funds are excluded here. They have been included in their respective scoreboards. AUM as on October 31, 2023.

Mutual Fund Insight January 2024 65

Subscription copy of [[email protected]]. Redistribution prohibited.
 SCOREBOARD HYBRID
REGULAR DIRECT
Return (%) Rank Return (%) Rank Assets
No Fund Name Rating 1Y 3Y 5Y 10 Y 5 Y 10 Y Expense NAV Rating 1Y 3Y 5Y 10Y 5Y 10Y Expense NAV (` cr)

Hybrid: Aggressive Hybrid 13.6 16.3 12.9 13.8 35 21 14.9 17.7 14.2 14.9 35 21
495 ABSL Eqt Hybrid '95  12.0 14.0 10.6 12.9 30 16 1.85 1205.26  12.9 14.9 11.5 14.0 32 15 1.06 1333.02 6930
496 ABSL Retrmnt 40s  10.0 9.9 - - - 2.38 14.83  11.6 11.5 - - - 0.99 15.95 98
497 Axis Children's Gift  5.4 10.2 10.8 - 29 2.37 21.04  6.8 11.5 12.2 - 29 0.91 23.50 740
498 Axis Eqt Hybrid  5.5 10.1 10.8 - 28 2.13 16.38  6.8 11.6 12.4 - 26 0.96 17.64 1600
499 Axis Retrmnt Svngs-Agrssv Plan  12.1 9.5 - - - 2.27 14.37  13.8 11.3 - - - 1.00 15.34 698
500 Bandhan Asset Allocation Agrssv  13.0 13.1 10.1 10.3 32 20 1.27 36.03  13.8 14.0 10.9 11.0 34 20 0.55 38.48 15
501 Bandhan Hybrid Eqt  11.4 15.9 12.1 - 20 2.40 19.70  12.9 17.4 13.6 - 19 1.09 21.79 611
502 Bandhan Retrmnt NR - - - - - 2.31 10.29 NR - - - - - 0.53 10.31 136
503 Bank of Ind Mid & Small Cap Eqt & Debt  29.4 25.7 19.1 - 2 2.49 29.97  30.7 26.9 20.2 - 2 1.52 32.01 493
504 Baroda BNP Paribas Agrssv Hybrid  12.0 15.7 14.6 - 8 2.23 21.82  13.8 17.7 16.5 - 6 0.59 24.29 835
505 Canara Robeco Eqt Hybrid  11.1 14.0 13.7 14.8 12 7 1.74 284.56  12.4 15.4 15.0 16.0 10 6 0.59 316.04 8823
506 DSP Eqt & Bond  16.4 14.6 14.0 14.8 9 6 1.78 274.81  17.6 15.8 15.2 15.9 9 7 0.72 303.76 7990
507 Edelweiss Agrssv Hybrid  17.1 19.1 14.9 14.0 - 2.13 48.59  19.2 21.4 16.9 15.3 - 0.37 54.49 940
508 Franklin Ind Eqt Hybrid  13.0 16.2 13.3 14.0 14 10 2.16 212.37  14.3 17.4 14.5 15.2 12 8 1.17 238.59 1465
509 Groww Agrssv Hybrid  7.8 12.0 - - - 2.30 16.82  9.0 13.8 - - - 0.85 18.37 34
510 HDFC Children's Gift  17.6 19.3 15.5 15.8 5 3 1.78 237.14  18.6 20.3 16.5 16.8 5 4 0.95 259.47 7331
511 HDFC Hybrid Eqt  10.0 17.4 13.4 15.2 13 5 1.71 95.66  10.7 18.1 14.1 16.1 15 5 1.08 102.61 20539
512 HDFC Retrmnt Svngs Hybrid Eqt  17.8 18.5 14.6 - 7 2.15 31.40  19.2 20.0 16.1 - 8 0.97 34.98 1140
513 HSBC Agrssv Hybrid  15.4 13.5 11.2 13.7 25 11 1.88 43.17  16.6 14.7 12.3 14.8 27 12 0.84 48.22 4756
514 HSBC Managed Solutions Ind Growth  16.2 16.8 13.7 - 11 1.01 32.25  17.2 17.4 14.2 - 14 0.09 33.37 38
515 ICICI Pru Child Care Gift  17.9 18.2 12.7 14.3 17 8 2.25 243.98  18.7 19.0 13.5 15.2 20 10 1.46 264.96 981
516 ICICI Pru Eqt & Debt  19.0 27.7 18.4 17.2 3 2 1.67 293.32  19.7 28.4 19.0 18.3 3 2 1.09 322.27 26183
517 ICICI Pru Retrmnt Hybrid Agrsv  18.7 18.7 - - - 2.38 18.66  20.3 20.4 - - - 0.98 20.12 218
518 Invesco Ind Eqt & Bond  14.1 13.5 11.1 - 27 2.41 16.96  16.0 15.4 12.8 - 23 0.85 18.46 399
519 JM Agrssv Hybrid  26.4 20.9 15.2 13.1 6 15 2.40 92.77  27.9 22.1 16.4 14.1 7 14 0.90 103.07 93
520 Kotak Eqt Hybrid  12.6 17.6 15.6 13.3 4 12 1.83 28.08  14.2 19.3 17.2 14.8 4 11 0.47 33.66 4252
521 LIC MF Agrssv Hybrid  10.1 11.1 9.4 9.5 34 21 2.46 155.08  11.5 11.9 11.0 10.9 33 21 1.40 172.99 552
522 LIC MF Children's Gift  12.1 11.8 11.4 9.8 23 2.48 27.68  12.6 12.7 12.3 10.8 28 1.85 30.43 14
523 LIC MF ULIS  9.5 14.6 11.4 11.0 24 19 2.49 30.63  10.5 15.6 12.4 11.9 25 19 1.63 33.48 448
524 Mahindra Manulife Agrssv Hybrid  13.6 19.0 - - - 2.22 20.38  15.6 21.3 - - - 0.54 22.12 824
525 Mirae Asset Hybrid Eqt  10.7 14.6 12.8 - 16 1.74 25.50  12.3 16.3 14.4 - 13 0.38 29.11 7611
526 Motilal Oswal Eqt Hybrid  11.3 11.7 12.3 - 18 2.42 17.81  13.0 13.5 14.1 - 16 0.91 19.33 404
527 Navi Eqt Hybrid  12.4 14.5 11.2 - 26 2.28 16.84  14.4 16.6 13.3 - 21 0.42 18.61 82
528 Nippon Ind Eqt Hybrid  14.9 19.5 9.4 12.5 35 17 2.02 82.71  15.8 20.4 10.2 13.7 35 17 1.25 91.97 3006
529 PGIM Ind Hybrid Eqt  10.5 11.7 10.0 10.4 33 2.33 105.42  12.3 13.6 11.8 12.1 31 0.69 122.66 207
530 Quant Absolute  5.2 24.5 20.7 18.5 1 1 2.09 334.65  6.8 25.8 22.0 19.2 1 1 0.75 356.88 1354
531 SBI Eqt Hybrid  9.2 13.9 12.8 14.3 15 9 1.47 230.69  10.0 14.7 13.6 15.2 18 9 0.77 252.07 59302
 6%Ζ0DJQXP&KLOGUHQ V%HQHȴWΖQY  23.4 38.2 - - - 2.14 29.71  25.0 40.1 - - - 0.91 31.05 1271
 6%Ζ5HWUPQW%HQHȴW$JUVVY+\EULG 15         15         
534 Shriram Agrssv Hybrid  10.8 11.9 10.3 - 31 - 26.49  12.6 13.7 12.1 - 30 - 29.51 41
535 Sundaram Agrssv Hybrid  8.9 15.3 11.9 12.2 21 18 1.90 128.61  10.2 16.7 13.2 13.3 22 18 0.73 144.75 3642
536 Tata Hybrid Eqt  7.4 15.3 11.6 13.3 22 13 1.95 355.30  8.4 16.5 12.7 14.4 24 13 0.98 392.79 3314
537 Tata Retrmnt Svngs Moderate  17.0 14.3 12.3 15.7 19 4 2.04 51.37  18.7 16.0 13.9 17.3 17 3 0.65 59.79 1734
538 Union Hybrid Eqt NR 11.9 - - - - 2.44 14.59 NR 13.1 - - - - 1.30 15.08 534
S&P BSE Sensex TRI 7.6 16.3 14.5 13.9
VR Balanced TRI 8.2 15.3 13.2 12.8
All data as on November 30, 2023. *ETFs and index funds are excluded here. They have been included in their respective scoreboards. AUM as on October 31, 2023.

66 Mutual Fund Insight January 2024

Subscription copy of [[email protected]]. Redistribution prohibited.

 REGULAR DIRECT
Return (%) Rank Return (%) Rank Assets
No Fund Name Rating 1Y 3Y 5Y 10 Y 5 Y 10 Y Expense NAV Rating 1Y 3Y 5Y 10Y 5Y 10Y Expense NAV (` cr)

Hybrid: Aggressive Hybrid 13.6 16.3 12.9 13.8 35 21 14.9 17.7 14.2 14.9 35 21
539 Union Retrmnt NR 19.2 - - - - 2.29 12.27 NR 21.3 - - - - 0.59 12.53 91
540 UTI Agrssv Hybrid  16.5 20.1 13.8 13.2 10 14 1.92 312.17  17.2 20.8 14.6 13.9 11 16 1.29 332.28 4737
Hybrid: Balanced Hybrid 10.0 10.5 8.8 10.0 4 4 10.6 11.1 9.4 10.5 4 4
541 360 ONE Balanced Hybrid NR - - - - - 2.06 10.28 NR - - - - - 0.59 10.31 412
542 Bandhan Asset Allocation Moderate NR 10.8 10.0 8.6 9.3 2 4 1.02 33.00 NR 11.5 10.7 9.3 9.9 2 4 0.38 34.98 17
543 Franklin Ind Pension NR 8.7 8.3 8.3 10.0 4 3 2.27 182.01 NR 9.6 9.2 9.2 10.8 3 1 1.49 196.99 463
544 UTI Children's Career Svngs NR 8.7 10.4 8.6 10.4 3 1 1.73 34.11 NR 9.0 10.6 8.8 10.6 4 3 1.52 34.76 4157
545 UTI Retrmnt NR 11.7 13.2 9.5 10.1 1 2 1.66 40.54 NR 12.4 14.0 10.2 10.8 1 2 1.00 43.30 3977
546 WhiteOak Capital Balanced Hybrid NR - - - - - 0.05 10.39 NR - - - - - 0.05 10.41 66
Hybrid: Conservative Hybrid 8.3 7.8 7.7 8.7 25 22 9.3 8.9 8.7 9.7 25 22
547 ABSL Regular Svngs  6.9 9.5 8.4 10.0 8 5 1.90 56.66  7.9 10.5 9.3 11.0 9 4 0.95 62.39 1449
548 ABSL Retrmnt 50s  7.2 3.7 - - - 1.94 12.58  8.6 5.1 - - - 0.62 13.44 28
549 Axis Regular Saver  5.5 6.4 6.7 7.9 19 16 2.17 26.14  6.9 7.8 7.9 9.3 18 14 0.78 29.94 427
550 Axis Retrmnt Svngs-Cons Plan  8.1 6.7 - - - 2.14 13.45  9.9 8.5 - - - 0.68 14.39 75
551 Bandhan Asset Allocation Cons  7.7 6.6 7.0 8.1 18 14 0.77 28.67  8.3 7.3 7.7 8.7 19 18 0.23 30.46 6
552 Bandhan Regular Svngs  6.4 5.0 6.0 7.7 22 18 2.06 27.84  7.4 6.0 7.0 8.6 23 19 1.12 30.69 125
553 Bank of Ind Cons Hybrid  8.2 13.2 8.2 8.4 9 13 2.34 30.37  8.7 13.7 8.8 9.0 10 15 2.01 32.03 69
554 Baroda BNP Paribas Cons Hybrid  7.9 6.5 7.1 7.9 16 17 2.08 38.70  9.6 8.2 8.7 9.7 12 11 0.57 46.04 570
555 Canara Robeco Cons Hybrid  6.9 7.2 8.9 8.8 7 10 1.81 83.21  8.2 8.6 10.2 10.0 6 9 0.61 93.71 1017
556 DSP Regular Svngs  9.6 7.3 7.1 7.7 15 19 1.13 49.53  10.3 8.4 8.5 8.8 14 17 0.51 55.19 179
557 Franklin Ind Debt Hybrid  7.9 7.3 7.4 8.5 14 11 1.40 76.74  8.8 8.1 8.3 9.3 16 13 0.69 83.38 226
558 HDFC Hybrid Debt  10.5 11.1 9.7 10.0 4 4 1.79 69.76  11.0 11.6 10.2 10.5 5 5 1.29 73.55 2876
559 HDFC Retrmnt Svngs Hybrid Debt  8.7 7.9 8.1 - 10 2.14 18.65  9.9 9.2 9.4 - 8 0.96 20.66 151
560 HSBC Cons Hybrid  8.5 6.8 7.5 8.0 12 15 2.18 50.87  9.4 7.7 8.3 8.8 15 16 1.35 56.16 107
561 HSBC Managed Solutions Ind Cons  6.2 4.5 5.7 - 23 0.86 18.88  7.1 5.3 6.4 - 24 0.09 19.79 29
562 ICICI Pru Incm Optimizer (FOF)  12.3 10.5 9.7 9.4 5 7 1.20 52.76  13.2 11.3 10.4 10.1 4 8 0.56 56.26 278
563 ICICI Pru Regular Svngs  8.9 8.7 9.2 10.3 6 2 1.72 63.63  9.7 9.6 10.0 11.2 7 3 0.91 69.16 3281
564 ICICI Pru Retrmnt Hybrid Cons  11.6 7.7 - - - 2.13 14.67  12.8 9.0 - - - 1.00 15.69 54
565 ITI Cons Hybrid NR 5.2 - - - - 1.59 10.90 NR 6.6 - - - - 0.24 11.13 16
566 Kotak Debt Hybrid  10.0 10.2 10.8 10.1 1 3 1.75 49.32  11.5 11.7 12.2 11.4 1 2 0.45 55.84 1999
567 LIC MF Conservative Hybrid  3.7 5.1 6.5 6.6 21 21 2.25 71.90  4.6 6.0 7.5 7.5 21 22 1.27 78.44 52
568 Navi Regular Svngs  5.2 5.4 5.5 6.5 24 22 2.10 24.10  7.0 7.2 7.2 8.3 22 20 0.39 28.54 26
569 Nippon Ind Hybrid Bond  8.5 8.3 3.5 6.8 25 20 1.94 50.14  9.4 9.0 4.2 7.7 25 21 1.14 54.71 772
570 Nippon Ind Retrmnt Incm Generation  7.0 5.4 7.0 - 17 2.10 17.22  8.2 6.7 8.2 - 17 1.04 19.26 163
571 Parag Parikh Cons Hybrid NR 11.4 - - - - 0.63 12.47 NR 11.7 - - - - 0.33 12.56 1602
572 SBI Cons Hybrid  9.6 10.4 10.2 9.7 3 6 1.12 61.47  10.1 11.0 10.8 10.5 3 6 0.62 66.62 8916
 6%Ζ0DJQXP&KLOGUHQ V%HQHȴW6YQJV  14.0 13.6 10.3 13.0 2 1 1.22 89.45  14.4 14.1 11.0 13.8 2 1 0.87 96.94 101
 6%Ζ5HWUPQW%HQHȴW&RQV 15         15         
 6%Ζ5HWUPQW%HQHȴW&RQV+\EULG 15         15         
576 Sundaram Debt Oriented Hybrid  6.4 8.5 6.6 8.4 20 12 2.17 26.03  7.3 9.4 7.5 9.3 20 12 1.26 28.25 28
577 Tata Retrmnt Svngs Cons  8.9 6.4 7.5 9.0 13 9 2.17 27.49  10.2 7.7 8.8 10.4 11 7 0.96 31.57 164
578 UTI Cons Hybrid  8.4 9.2 7.8 9.2 11 8 1.80 58.30  9.1 9.9 8.5 9.9 13 10 1.20 62.46 1551
S&P BSE Sensex TRI 7.6 16.3 14.5 13.9
VR Balanced TRI 8.2 15.3 13.2 12.8
VR MIP TRI 7.3 8.9 8.9 9.1

All data as on November 30, 2023. *ETFs and index funds are excluded here. They have been included in their respective scoreboards. AUM as on October 31, 2023.

Mutual Fund Insight January 2024 67

Subscription copy of [[email protected]]. Redistribution prohibited.
 SCOREBOARD HYBRID
REGULAR DIRECT
Return (%) Rank Return (%) Rank Assets
No Fund Name Rating 1Y 3Y 5Y 10 Y 5 Y 10 Y Expense NAV Rating 1Y 3Y 5Y 10Y 5Y 10Y Expense NAV (` cr)

Hybrid: Equity Savings 9.5 9.6 8.3 8.3 18 1 10.6 10.7 9.5 9.6 18 1
579 ABSL Eqt Svngs  8.2 7.9 8.0 - 12 1.10 18.99  9.2 9.0 9.0 - 13 0.55 20.86 505
580 Axis Eqt Saver  9.1 9.1 8.7 - 9 2.29 18.80  10.5 10.5 10.1 - 9 1.02 20.86 893
581 Bandhan Eqt Svngs  7.2 7.5 7.0 6.5 17 1.36 27.40  8.3 8.6 8.1 - 17 0.38 29.95 89
582 Baroda BNP Paribas Eqt Svngs  9.0 7.1 - - - 2.50 14.03  10.2 8.2 - - - 1.49 14.70 224
583 DSP Eqt Svngs  9.2 9.9 8.5 - 10 1.43 18.29  10.2 11.1 9.9 - 10 0.59 20.22 684
584 Edelweiss Eqt Svngs  9.5 9.6 9.1 - 7 1.54 20.91  10.9 11.0 10.4 - 6 0.47 22.72 292
585 Franklin Ind Eqt Svngs  6.8 9.3 7.6 - 14 1.12 14.30  8.1 10.6 9.2 - 11 0.49 15.43 264
586 HDFC Eqt Svngs  9.5 12.5 9.6 9.7 4 1.99 55.82  10.5 13.5 10.5 10.8 5 1.08 61.53 3167
587 HSBC Eqt Svngs  14.1 11.9 9.4 9.1 6 1.51 26.92  15.2 12.9 10.4 10.0 7 0.61 29.43 175
588 ICICI Pru Eqt Svngs  8.7 9.3 8.2 - 11 0.97 19.61  9.3 10.0 8.9 - 14 0.50 20.89 7325
589 Invesco Ind Eqt Svngs  11.6 7.5 - - - 2.29 13.99  13.3 9.3 - - - 0.73 15.17 129
590 Kotak Eqt Svngs  11.8 10.8 9.7 - 3 1.92 21.90  13.0 11.9 10.8 - 3 0.86 23.63 3292
591 LIC MF Eqt Svngs  6.1 7.9 7.5 6.9 15 1.99 23.11  7.2 9.0 8.7 8.0 15 0.99 25.65 9
592 Mahindra Manulife Eqt Svngs  9.5 11.4 10.4 - 1 2.39 17.68  11.4 13.4 12.3 - 1 0.72 20.09 395
593 Mirae Asset Eqt Svngs  10.1 11.2 - - - 1.33 16.83  11.2 12.3 - - - 0.34 17.73 724
594 Nippon Ind Eqt Svngs  9.6 9.5 2.3 - 18 1.65 14.00  10.6 10.4 3.2 - 18 0.77 15.18 315
595 PGIM Ind Eqt Svngs  6.4 8.3 7.3 8.3 16 1.30 43.54  7.2 9.3 8.4 9.5 16 0.52 48.69 99
596 SBI Eqt Svngs  14.5 11.4 10.3 - 2 1.18 20.38  15.1 12.0 10.9 - 2 0.66 22.28 3073
597 Sundaram Eqt Svngs  11.7 10.7 9.0 8.3 8 1 2.23 58.92  13.7 12.6 10.8 9.6 4 1 0.48 66.65 657
598 Tata Eqt Svngs  7.6 8.5 8.0 7.4 13 1.12 46.19  8.5 9.6 9.1 8.5 12 0.42 51.51 125
599 Union Eqt Svngs  7.9 7.3 - - - 2.01 14.69  8.4 7.8 - - - 1.58 15.15 119
600 UTI Eqt Svngs  11.2 11.9 9.4 - 5 1.50 15.56  12.1 12.8 10.3 - 8 0.69 16.30 297
Hybrid: Arbitrage 7.0 4.7 4.8 5.9 18 10 7.7 5.4 5.5 6.5 18 9
601 ABSL Arbitrage  7.2 4.9 5.0 5.9 9 7 1.04 23.74  7.9 5.6 5.7 6.6 5 6 0.36 25.30 5923
602 Axis Arbitrage  6.9 4.9 4.9 - 13 1.01 16.70  7.7 5.6 5.7 - 6 0.31 17.96 3242
603 Bajaj FinSrv Arbtg NR - - - - - 1.00 10.13 NR - - - - - 0.30 10.14 257
604 Bandhan Arbtg  7.2 4.8 4.9 5.9 12 8 1.05 29.01  7.9 5.5 5.6 6.6 10 5 0.37 31.04 4096
605 Bank of Ind Arbtg  6.3 3.7 3.9 - 18 0.95 12.44  6.9 4.2 4.6 - 18 0.24 12.86 18
606 Baroda BNP Paribas Arbtg  7.2 4.8 5.0 - 10 1.07 14.39  7.9 5.5 5.6 - 7 0.38 15.02 424
607 DSP Arbitrage  7.2 4.8 4.9 - 11 1.04 13.37  7.8 5.4 5.6 - 12 0.34 13.85 2614
608 Edelweiss Arbitrage  7.2 5.0 5.1 - 3 1.08 17.31  8.0 5.8 5.9 - 1 0.37 18.37 7036
609 HDFC Arbitrage  7.3 4.9 4.9 5.8 14 9 0.97 27.36 NR 7.8 5.5 5.4 - 14 0.47 17.86 7567
610 HSBC Arbtg  7.1 4.8 5.0 - 8 0.94 17.01  7.8 5.5 5.6 - 8 0.27 18.02 1766
611 ICICI Pru Eqt Arbtg  7.2 5.0 5.0 6.0 7 3 0.99 30.64  7.8 5.6 5.6 6.6 11 4 0.39 32.56 15356
612 Invesco India Arbtg  7.4 5.2 5.1 6.0 2 5 1.05 28.49  8.2 5.9 5.8 6.6 2 3 0.37 30.49 8678
613 ITI Arbitrage  6.2 3.6 - - - 0.95 11.60  7.0 4.4 - - - 0.20 11.98 11
614 JM Arbitrage  6.7 4.3 4.2 5.4 16 10 1.05 29.34  7.5 4.9 4.7 5.9 17 9 0.34 30.95 119
615 Kotak Eqt Arbtg  7.5 5.2 5.2 6.2 1 1 1.01 33.38  8.1 5.8 5.8 6.7 4 1 0.43 35.34 28958
616 LIC MF Arbitrage  6.8 4.6 - - - 0.97 12.43  7.5 5.3 - - - 0.31 12.85 28
617 Mahindra Manulife Arbtg  5.8 3.9 - - - 1.18 11.27  6.7 4.7 - - - 0.38 11.58 30
618 Mirae Asset Arbitrage  7.1 4.8 - - - 0.91 11.66  7.9 5.5 - - - 0.20 11.95 529
619 Nippon Ind Arbtg  6.9 4.9 5.0 6.0 5 2 1.08 23.76  7.8 5.7 5.8 6.7 3 2 0.39 25.40 11326
620 NJ Arbtg NR 6.8 - - - - 1.00 10.83 NR 7.5 - - - - 0.28 10.92 357
CCIL T Bill Liquidity Weight 4.4 2.9 3.3 4.0
S&P BSE Sensex TRI 7.6 16.3 14.5 13.9
VR MIP TRI 7.3 8.9 8.9 9.1
All data as on November 30, 2023. *ETFs and index funds are excluded here. They have been included in their respective scoreboards. AUM as on October 31, 2023.

68 Mutual Fund Insight January 2024

Subscription copy of [[email protected]]. Redistribution prohibited.

 REGULAR DIRECT
Return (%) Rank Return (%) Rank Assets
No Fund Name Rating 1Y 3Y 5Y 10 Y 5 Y 10 Y Expense NAV Rating 1Y 3Y 5Y 10Y 5Y 10Y Expense NAV (` cr)

Hybrid: Arbitrage 7.0 4.7 4.8 5.9 18 10 7.7 5.4 5.5 6.5 18 9
621 Parag Parikh Arbtg NR - - - - - 0.71 10.05 NR - - - - - 0.36 10.05 -
622 PGIM Ind Arbtg  6.6 4.6 4.7 - 15 1.04 16.50  7.4 5.3 5.3 - 15 0.34 17.44 153
623 SBI Arbtg Opp  7.6 5.2 5.0 5.9 6 6 0.95 30.20  8.1 5.7 5.5 6.5 13 8 0.38 31.84 22370
624 Sundaram Arbitrage  7.0 4.4 4.1 - 17 0.87 12.98  7.6 5.1 4.7 - 16 0.28 13.53 102
625 Tata Arbitrage  7.1 4.8 - - - 1.07 12.84  8.0 5.7 - - - 0.29 13.34 7682
626 Union Arbitrage  7.1 4.7 - - - 1.01 12.57  7.7 5.2 - - - 0.43 12.88 103
627 UTI Arbitrage  7.2 4.9 5.0 6.0 4 4 0.92 31.24  7.8 5.5 5.6 6.5 9 7 0.38 32.98 3773
Hybrid: Dynamic Asset Allocation 11.8 12.1 10.7 11.1 19 6 13.3 13.5 11.9 12.2 19 6
628 ABSL Balanced Advtg  9.8 10.9 10.6 11.6 10 1.77 84.58  11.2 12.3 11.8 12.7 10 0.61 94.28 6666
629 Axis Balanced Advtg  10.6 10.4 8.9 - 15 2.09 16.30  11.9 11.9 10.3 - 15 0.85 17.81 1907
630 Axis Retrmnt Svngs-Dynamic Plan  10.5 10.4 - - - 2.39 14.95  12.3 12.4 - - - 0.94 16.03 287
631 Bandhan Balanced Advtg  9.7 9.4 9.3 - 14 1.93 20.12  11.2 10.9 10.8 - 14 0.62 22.78 2291
632 Bank of Ind Balanced Advtg  7.8 11.6 7.1 - 18 2.47 20.93  8.8 12.5 7.9 - 18 1.64 22.22 102
633 Baroda BNP Paribas Balanced Advtg  12.8 12.5 13.8 - 2 1.91 19.36  14.1 14.0 15.4 - 2 0.73 20.75 3280
634 DSP Dyn Asset Allocation  10.8 7.8 8.6 - 17 1.94 22.32  12.2 9.2 10.2 - 17 0.72 25.07 3158
635 Edelweiss Balanced Advtg  10.6 12.9 12.6 12.0 4 2 1.72 41.38  11.9 14.4 14.2 13.2 4 2 0.48 46.16 9338
636 Franklin Ind Balanced Advtg NR 12.3 - - - - 2.05 11.63 NR 14.5 - - - - 0.36 11.90 1373
637 Franklin Ind Dyn Asset Alloc FoF  15.4 20.9 11.0 11.2 6 3 2.12 135.68  16.4 22.0 12.2 12.3 8 5 1.20 151.10 1206
638 HDFC Balanced Advtg  22.0 25.8 16.8 16.4 1 1.43 401.06  22.8 26.6 17.6 17.3 1 0.81 429.19 63981
639 HDFC Dyn PE Ratio FoF  18.0 17.0 13.7 11.5 3 1.00 33.71  18.9 17.9 14.6 12.5 3 0.26 36.76 38
640 HSBC Balanced Advtg  12.8 8.9 8.9 11.2 16 2.14 35.89  14.3 10.4 10.3 12.6 16 0.80 40.69 1323
641 ICICI Pru Balanced Advtg  12.1 13.2 11.9 12.3 5 1 1.51 59.53  12.8 13.9 12.6 13.3 5 1 0.89 65.77 49871
642 Invesco India Balanced Advtg  12.0 11.3 9.5 10.9 13 5 2.31 43.55  13.5 12.8 10.9 12.5 13 4 1.00 50.50 623
643 ITI Balanced Advtg  10.1 10.7 - - - 2.36 11.93  12.3 13.0 - - - 0.60 12.94 315
644 Kotak Balanced Advtg  10.7 10.7 11.0 - 7 1.66 16.77  12.1 12.1 12.3 - 6 0.51 17.86 14740
645 LIC MF Balanced Advtg NR 7.0 - - - - 2.15 11.35 NR 8.9 - - - - 0.50 11.76 964
646 Mahindra Manulife Balanced Advtg NR 12.3 - - - - 2.33 11.74 NR 14.3 - - - - 0.62 12.16 557
647 Mirae Asset Balanced Advtg NR 12.6 - - - - 2.13 11.66 NR 14.3 - - - - 0.73 11.88 1253
648 Motilal Oswal Balance Advtg  23.7 11.0 10.1 - 12 2.32 19.22  25.2 12.4 11.4 - 12 1.12 20.91 786
649 Nippon Ind Balanced Advtg  10.1 12.5 10.6 12.3 9 1.77 142.66  11.5 14.0 12.1 13.4 9 0.53 158.48 6958
650 NJ Balanced Advtg NR 15.0 - - - - 1.88 11.57 NR 16.6 - - - - 0.49 11.90 3584
651 PGIM Ind Balanced Advtg NR 7.4 - - - - 2.09 12.74 NR 9.3 - - - - 0.40 13.40 1273
652 Quant Dyn Asset Allocation NR - - - - - 2.39 12.23 NR - - - - - 0.77 12.36 326
653 SBI Balanced Advtg NR 14.6 - - - - 1.64 12.41 NR 15.6 - - - - 0.73 12.71 24344
654 Shriram Balanced Advtg  8.6 9.2 - - - - 14.88  10.5 11.2 - - - - 16.17 41
655 Sundaram Balanced Advtg  8.0 10.9 10.4 11.0 11 4 2.07 29.08  9.7 12.7 12.2 12.5 7 3 0.59 33.33 1492
656 Tata Balanced Advtg  10.4 12.7 - - - 1.72 17.15  12.0 14.4 - - - 0.31 18.59 7605
657 Union Balanced Advtg  9.3 8.7 10.7 - 8 2.11 16.96  10.6 10.1 11.8 - 11 0.93 17.94 1563
658 UTI Balanced Advtg NR - - - - - 1.94 10.36 NR - - - - - 0.49 10.41 2377
659 UTI Unit Linked Insurance Plan  7.3 8.1 7.1 8.9 19 6 1.62 35.21  8.0 8.9 7.8 9.6 19 6 0.91 37.66 5185
660 WhiteOak Capital Balanced Advtg NR - - - - - 0.07 11.30 NR - - - - - 0.07 11.46 673
Hybrid: Multi Asset Allocation 14.4 14.6 12.7 10.3 12 6 15.5 15.8 13.6 11.1 12 6
661 ABSL Asset Allocator FoF  15.4 13.8 13.0 13.6 - 1.35 51.13  16.7 14.8 13.8 - - 0.31 26.53 171
CCIL T Bill Liquidity Weight 4.4 2.9 3.3 4.0
S&P BSE Sensex TRI 7.6 16.3 14.5 13.9
VR Balanced TRI 8.2 15.3 13.2 12.8
All data as on November 30, 2023. *ETFs and index funds are excluded here. They have been included in their respective scoreboards. AUM as on October 31, 2023.

Mutual Fund Insight January 2024 69

Subscription copy of [[email protected]]. Redistribution prohibited.
 SCOREBOARD HYBRID
REGULAR DIRECT
Return (%) Rank Return (%) Rank Assets
No Fund Name Rating 1Y 3Y 5Y 10 Y 5 Y 10 Y Expense NAV Rating 1Y 3Y 5Y 10Y 5Y 10Y Expense NAV (` cr)

Hybrid: Multi Asset Allocation 14.4 14.6 12.7 10.3 12 6 15.5 15.8 13.6 11.1 12 6
662 ABSL Fin Planning FOF Agrsv  16.2 15.9 13.7 13.9 3 1 1.06 41.35  17.2 16.9 14.7 14.8 3 1 0.26 44.86 174
663 ABSL Fin Planning FOF Cons  12.1 9.9 9.5 8.9 10 6 0.83 28.12  12.5 10.4 10.1 9.5 10 5 0.37 29.68 17
664 ABSL Fin Planning FOF Moderate Plan  14.2 12.8 11.7 11.1 7 2 0.98 33.56  14.8 13.5 12.3 11.7 8 2 0.38 35.56 31
665 ABSL Multi Asset Allocation NR - - - - - 1.91 11.41 NR - - - - - 0.31 11.57 2637
666 ABSL Multi-Index FoF NR 16.6 - - - - 0.54 11.96 NR 17.1 - - - - 0.14 12.02 9
667 Axis Multi Asset Allocation  4.8 9.4 11.4 9.4 8 4 2.10 31.51  6.2 11.0 12.9 10.8 6 3 0.92 35.98 1260
668 Baroda BNP Paribas Multi Asset NR - - - - - 2.06 11.46 NR - - - - - 0.21 11.66 1209
669 DSP Multi Asset Allocation NR - - - - - 1.74 10.44 NR - - - - - 0.25 10.47 1144
670 Edelweiss Multi Asset Allocation NR - - - - - - 10.29 NR - - - - - - 10.30 480
671 Franklin Ind Multi Asset Solution FoF  11.0 14.4 6.6 - 12 2.13 16.41  12.1 15.5 7.5 - 12 1.18 18.22 48
672 HDFC Asset Allocator FoF NR 15.3 - - - - 1.25 14.27 NR 16.6 - - - - 0.15 14.73 2676
673 HDFC Multi Asset  12.2 14.6 13.3 10.9 4 2.05 56.60  13.6 16.1 14.6 11.9 4 0.87 62.00 2000
674 HSBC Managed Solutions Ind Moderate  14.1 14.1 12.0 - 6 1.13 28.75  15.1 14.9 12.8 - 7 0.09 30.04 56
675 ICICI Pru Asset Allocator (FOF)  14.8 14.7 12.7 12.8 - 1.27 96.54  16.1 16.1 14.1 13.6 - 0.25 104.87 20222
676 ICICI Pru Multi Asset  19.2 26.8 18.0 16.0 2 1.62 573.19  20.0 27.6 18.8 16.9 2 0.86 622.80 24931
677 ICICI Pru Passive Multi-Asset FoF NR 12.0 - - - - 0.60 11.89 NR 12.6 - - - - 0.10 12.00 996
678 Kotak Multi Asset Allocation NR - - - - - 1.82 10.43 NR - - - - - 0.30 10.46 3934
679 Kotak Multi Asset Allocator FoF-Dyn NR 17.3 18.6 17.7 16.1 - 0.92 176.24 NR 18.2 19.6 18.5 16.8 - 0.23 187.56 1132
680 Motilal Oswal Asset Alloc Passive Agrssv NR 13.2 - - - - 0.68 13.41 NR 13.8 - - - - 0.14 13.62 57
681 Motilal Oswal Asset Alloc Passive Cons NR 10.7 - - - - 0.54 12.56 NR 11.2 - - - - 0.02 12.75 41
682 Motilal Oswal Multi Asset  12.7 6.0 - - - 2.07 12.26  14.2 7.4 - - - 0.97 12.82 112
683 Nippon Ind Asset Allocator FoF NR 22.1 - - - - 1.27 16.09 NR 23.3 - - - - 0.34 16.58 174
684 Nippon Ind Multi Asset  16.0 15.0 - - - 1.62 16.01  17.5 16.7 - - - 0.34 16.78 1757
685 Quant Multi Asset  14.0 27.5 22.9 14.5 1 2.00 100.83  15.9 29.7 24.1 15.1 1 0.61 105.95 1051
686 Quantum Multi Asset FOFs  9.4 8.6 9.0 9.1 11 5 0.47 27.28  9.8 9.0 9.4 9.4 11 6 0.10 27.76 54
687 SBI Multi Asset Allocation  18.4 14.2 12.9 11.0 5 1.62 47.03  19.4 15.2 13.8 12.0 5 0.69 51.38 2224
688 Shriram Multi Asset Allocation NR - - - - - - 10.57 NR - - - - - - 10.61 92
689 Tata Multi Asset Opp  11.3 16.0 - - - 1.98 18.45  13.2 18.1 - - - 0.44 19.72 1929
690 UTI Multi Asset Allocation  22.9 14.1 11.2 9.5 9 3 1.86 56.39  23.9 15.1 12.1 10.4 9 4 1.08 61.45 891
691 WhiteOak Capital Multi Asset Allocation NR - - - - - 0.06 10.75 NR - - - - - 0.06 10.82 217
S&P BSE Sensex TRI 7.6 16.3 14.5 13.9
VR Balanced TRI 8.2 15.3 13.2 12.8

SCOREBOARD DEBT
REGULAR DIRECT
Return (%) Rank Return (%) Rank Assets
No Fund Name Rating 1M 3M 1Y 3Y 1 Y 3 Y Expense NAV Rating 1M 3M 1Y 3Y 1 Y 3 Y Expense NAV (` Cr)
Debt: Long Duration 0.8 -0.1 6.0 3.0 3 2 0.8 0.1 6.5 3.4 3 2
692 ABSL Long Duration NR 0.7 0.0 6.1 - 2 - 1.07 10.97 NR 0.8 0.1 6.8 - 1 - 0.41 11.06 70
693 Axis Long Duration NR 0.7 -0.1 - - - - 0.70 1056.33 NR 0.7 0.1 - - - - 0.26 1061.62 182
694 HDFC Long Duration Debt NR 0.7 -0.3 - - - - 0.60 10.46 NR 0.8 -0.2 - - - - 0.25 10.50 1381
695 ICICI Pru LT Bond NR 0.9 0.3 5.6 2.4 3 2 1.26 77.23 NR 1.0 0.4 6.1 3.0 3 2 0.76 83.78 647
696 Nippon Ind Nivesh Lakshya NR 0.9 0.1 6.4 3.6 1 1 0.63 15.29 NR 1.0 0.2 6.7 3.9 2 1 0.30 15.56 6397
697 SBI Long Duration NR 0.8 -0.1 - - - - 0.68 10.59 NR 0.8 0.0 - - - - 0.23 10.64 914
698 UTI Long Duration NR 0.6 -0.3 - - - - 1.49 10.37 NR 0.6 0.0 - - - - 0.56 10.45 56
CCIL T Bill Liquidity Weight 0.4 1.1 4.4 2.9

All data as on November 30, 2023. *ETFs and index funds are excluded here. They have been included in their respective scoreboards. AUM as on October 31, 2023.

70 Mutual Fund Insight January 2024

Subscription copy of [[email protected]]. Redistribution prohibited.

 REGULAR DIRECT
Return (%) Rank Return (%) Rank Assets
No Fund Name Rating 1M 3M 1Y 3Y 1 Y 3 Y Expense NAV Rating 1M 3M 1Y 3Y 1 Y 3 Y Expense NAV (` Cr)

Debt: Medium to Long Duration 0.8 0.7 5.7 3.8 13 13 0.8 0.9 6.5 4.6 13 13
699 ABSL Income  0.9 0.6 5.8 4.0 6 5 1.12 110.06  0.9 0.7 6.2 4.5 9 7 0.69 117.85 1780
700 Bandhan Bond Fund Incm Plan  0.8 0.3 4.9 2.4 11 12 1.99 57.40  0.9 0.5 5.6 3.1 13 13 1.33 62.14 487
701 Canara Robeco Income  0.8 0.4 4.7 2.8 13 10 1.88 49.17  0.9 0.7 5.9 3.9 12 9 0.73 54.16 124
702 HDFC Income  0.8 0.5 5.0 2.8 10 9 1.40 50.61  0.9 0.6 6.4 4.1 7 8 0.80 55.62 660
703 HSBC Medium to Long Duration  0.8 0.5 4.7 2.3 12 13 1.92 37.17  0.9 0.8 6.0 3.3 10 12 0.69 40.71 44
704 ICICI Pru Bond  0.8 1.2 6.9 4.2 2 4 1.03 35.02  0.9 1.4 7.3 4.8 2 4 0.60 36.87 2909
705 ICICI Pru Debt Management (FOF)  0.7 1.4 7.0 5.2 1 2 0.66 39.42  0.7 1.5 7.3 5.5 3 2 0.41 37.70 154
706 JM Medium to Long Duration  0.8 0.8 5.6 2.7 8 11 1.02 54.26  0.8 1.0 6.2 3.4 8 11 0.47 59.99 21
707 Kotak Bond  0.9 0.8 5.7 3.6 7 6 1.76 67.38  1.0 1.1 7.0 4.7 4 5 0.64 74.48 1752
708 LIC MF Medium to Long Duration Bond  0.7 0.2 5.9 3.3 4 8 1.22 62.81  0.7 0.4 6.6 3.8 6 10 0.21 66.61 185
709 Nippon Ind Income  0.8 0.7 5.8 3.5 5 7 1.37 78.81  0.9 0.9 6.8 4.6 5 6 0.58 86.93 266
710 SBI Magnum Incm  0.6 1.0 6.7 4.4 3 3 1.46 62.15  0.7 1.2 7.4 5.1 1 3 0.80 66.33 1672
711 UTI Medium to Long Duration  0.7 0.3 5.6 8.3 9 1 1.62 64.19  0.7 0.4 6.0 8.6 11 1 1.25 69.49 306
Debt: Medium Duration 0.7 1.1 6.2 5.1 16 15 0.7 1.3 6.9 5.8 16 15
712 ABSL Medium Term  0.7 1.0 6.5 12.5 8 1 1.58 33.38  0.7 1.2 7.2 13.2 5 1 0.85 35.88 1892
713 Axis Strategic Bond  0.7 1.2 6.7 5.3 2 4 1.09 24.38  0.8 1.4 7.5 6.0 2 4 0.36 26.52 1924
714 Bandhan Bond Fund Medium Term Plan  0.8 1.0 5.6 3.1 15 14 1.48 40.25  0.9 1.2 6.3 3.8 15 13 0.77 43.38 1702
715 Baroda BNP Paribas Medium Duration  0.6 1.2 6.7 3.9 3 11 0.97 16.70  0.6 1.2 7.0 4.3 8 12 0.69 17.78 36
716 DSP Bond  0.5 1.4 6.5 4.3 7 10 0.75 71.74  0.6 1.5 6.9 4.7 9 11 0.40 75.75 347
717 HDFC Medium Term Debt  0.6 1.1 6.4 4.8 9 6 1.29 49.47  0.7 1.3 7.1 5.5 7 7 0.59 53.12 4236
718 HSBC Medium Duration  0.6 1.1 6.5 4.7 6 7 1.10 17.87  0.7 1.3 7.3 5.6 4 5 0.40 19.29 689
719 ICICI Pru Medium Term Bond  0.7 1.3 6.7 5.4 4 3 1.40 39.27  0.8 1.5 7.3 6.1 3 3 0.74 42.69 6452
720 ICICI Pru Retrmnt Pure Debt  0.5 1.2 5.7 3.8 12 12 2.17 13.42  0.6 1.4 6.7 5.0 11 10 1.25 14.34 165
721 Invesco Ind Medium Duration  0.6 1.0 5.6 - 14 - 1.35 1089.73  0.7 1.2 6.6 - 12 - 0.40 1114.62 240
722 Kotak Medium Term  0.8 1.5 5.7 4.5 13 9 1.58 19.75  0.9 1.7 6.7 5.6 10 6 0.63 21.62 1882
723 Nippon Ind Strategic Debt  0.7 1.0 6.6 8.7 5 2 1.99 13.57  0.7 1.2 7.2 9.3 6 2 1.44 14.57 122
724 SBI Magnum Medium Duration  0.6 1.3 6.9 4.7 1 8 1.22 44.98  0.6 1.4 7.5 5.3 1 9 0.69 48.22 6970
725 Sundaram Medium Term Bond  0.7 0.8 4.7 2.3 16 15 2.16 62.05  0.7 1.0 5.6 3.3 16 15 1.25 68.32 44
726 Union Medium Duration  0.7 1.1 6.1 3.5 10 13 0.90 11.35  0.7 1.2 6.3 3.8 14 14 0.67 11.47 126
727 UTI Medium Duration  0.6 1.0 5.8 4.8 11 5 1.58 16.15  0.7 1.1 6.5 5.5 13 8 0.96 17.13 43
Debt: Short Duration 0.6 1.3 6.2 4.7 24 21 0.7 1.4 6.9 5.4 24 21
728 ABSL Short Term  0.6 1.3 6.5 4.8 5 5 1.04 41.85  0.7 1.4 7.2 5.6 5 5 0.38 44.84 6018
729 Axis ST  0.6 1.3 6.4 4.5 10 8 0.90 27.11  0.7 1.4 7.0 5.2 9 8 0.35 29.34 7799
730 Bandhan All Seasons Bond  0.6 1.3 6.3 4.2 12 11 0.50 38.58  0.7 1.4 6.7 4.5 17 16 0.09 40.32 119
731 Bandhan Bond Fund ST Plan  0.7 1.4 6.3 4.1 11 13 0.78 50.17  0.8 1.5 6.8 4.6 14 14 0.31 53.32 8651
732 Bank of Ind ST Incm  0.6 1.1 5.5 11.3 23 1 1.06 23.35  0.7 1.2 6.0 11.7 24 1 0.52 25.17 94
733 Baroda BNP Paribas SD  0.6 1.4 6.6 4.4 3 9 1.05 25.79  0.6 1.5 7.4 5.1 2 9 0.38 27.69 234
734 Canara Robeco SD  0.6 1.2 5.9 3.8 19 18 1.02 22.59  0.6 1.4 6.6 4.4 22 19 0.41 24.40 433
735 DSP Short-Term  0.5 1.1 6.2 3.9 14 15 0.92 41.13  0.6 1.3 6.9 4.6 13 15 0.30 44.26 3025
736 Groww SD  0.6 1.2 5.0 3.0 24 21 1.60 1850.30  0.7 1.5 6.1 4.3 23 21 0.40 2087.43 38
737 HDFC ST Debt  0.6 1.4 6.8 4.7 2 6 0.74 28.07  0.7 1.5 7.3 5.2 3 7 0.37 28.85 12302
738 HSBC SD  0.6 1.3 6.1 3.9 15 16 0.75 23.32  0.7 1.4 6.7 4.4 20 20 0.27 24.54 3373
739 ICICI Pru Short Term  0.6 1.5 7.1 5.2 1 4 1.07 53.00  0.7 1.7 7.8 6.0 1 4 0.45 57.27 18709
740 Invesco Ind Short Term  0.6 1.2 5.8 3.6 20 19 1.20 3136.42  0.7 1.4 6.7 4.4 19 18 0.35 3440.21 445
CCIL T Bill Liquidity Weight 0.4 1.1 4.4 2.9
VR Bond Index 0.8 1.1 6.5 4.2
All data as on November 30, 2023. *ETFs and index funds are excluded here. They have been included in their respective scoreboards. AUM as on October 31, 2023.

Mutual Fund Insight January 2024 71

Subscription copy of [[email protected]]. Redistribution prohibited.
 SCOREBOARD DEBT
REGULAR DIRECT
Return (%) Rank Return (%) Rank Assets
No Fund Name Rating 1M 3M 1Y 3Y 1 Y 3 Y Expense NAV Rating 1M 3M 1Y 3Y 1 Y 3 Y Expense NAV (` Cr)

Debt: Short Duration 0.6 1.3 6.2 4.7 24 21 0.7 1.4 6.9 5.4 24 21
741 JM SD NR 0.5 1.1 5.7 - 22 - 1.19 10.68 NR 0.6 1.4 6.6 - 21 - 0.32 10.80 115
742 Kotak Bond ST  0.6 1.2 6.0 4.1 17 12 1.17 46.02  0.7 1.4 6.9 4.9 12 10 0.37 50.05 13624
743 LIC MF SD  0.6 1.1 5.7 3.5 21 20 1.33 12.90  0.6 1.4 6.7 4.5 18 17 0.37 13.57 130
744 Mahindra Manulife SD  0.7 1.2 6.1 - 16 - 1.26 11.26  0.8 1.5 7.1 - 8 - 0.29 11.57 45
745 Mirae Asset Short Term  0.5 1.1 5.9 4.0 18 14 1.15 13.90  0.6 1.3 6.8 4.8 15 11 0.32 14.54 356
746 Nippon Ind Short Term  0.6 1.3 6.4 4.6 7 7 0.94 46.34  0.7 1.5 7.2 5.4 7 6 0.37 49.90 6123
747 SBI ST Debt  0.6 1.3 6.4 4.2 8 10 0.85 28.30  0.6 1.4 7.0 4.7 11 13 0.35 29.84 13515
748 Sundaram SD  0.6 1.3 6.5 6.6 6 2 0.84 39.01  0.7 1.4 7.0 7.2 10 2 0.28 41.84 194
749 Tata ST Bond  0.6 1.2 6.4 3.9 9 17 1.19 42.47  0.6 1.4 7.2 4.8 6 12 0.33 46.37 2247
750 TRUSTMF ST  0.5 1.3 6.3 - 13 - 0.73 1107.84  0.6 1.4 6.8 - 16 - 0.23 1120.76 105
751 UTI SD  0.6 1.4 6.6 6.2 4 3 0.95 27.94  0.6 1.6 7.3 6.8 4 3 0.32 29.51 2365
Debt: Low Duration 0.5 1.5 6.8 4.9 20 20 0.6 1.6 7.3 5.4 20 20
752 ABSL Low Duration  0.5 1.4 6.6 4.7 14 9 1.19 586.84  0.6 1.7 7.5 5.6 3 4 0.38 641.95 12644
753 Axis Treasury Advtg  0.5 1.5 6.9 4.9 5 4 0.65 2744.02  0.6 1.6 7.3 5.3 11 10 0.32 2862.01 5120
754 Bandhan Low Duration  0.6 1.5 6.9 4.7 8 10 0.58 34.36  0.6 1.6 7.1 4.9 15 18 0.32 35.06 5314
755 Baroda BNP Paribas Low Duration  0.5 1.6 6.7 4.5 12 17 1.09 35.89  0.6 1.7 7.4 5.3 5 8 0.37 38.83 180
756 Canara Robeco Savings  0.5 1.5 6.9 4.6 6 13 0.60 37.53  0.6 1.6 7.2 4.9 13 20 0.29 38.39 896
757 DSP Low Duration  0.5 1.5 6.9 4.7 7 8 0.62 17.66  0.6 1.6 7.2 5.0 12 15 0.30 18.14 3638
758 HDFC Low Duration  0.5 1.5 7.0 4.9 4 5 1.04 51.41  0.6 1.6 7.6 5.5 1 5 0.45 55.23 16097
759 HSBC Low Duration  0.5 1.6 7.0 4.7 3 11 0.64 25.20  0.6 1.7 7.4 5.3 4 9 0.25 26.39 517
760 ICICI Pru Savings  0.5 1.6 7.5 5.3 1 3 0.53 480.79  0.5 1.6 7.6 5.4 2 6 0.40 486.45 22540
761 Invesco Ind Treasury Advtg  0.5 1.5 6.8 4.6 9 12 0.65 3363.88  0.5 1.6 7.1 5.0 16 17 0.32 3492.44 1303
762 JM Low Duration  0.5 1.5 6.5 4.5 17 18 0.80 33.02  0.5 1.6 7.0 4.9 20 19 0.35 33.70 186
763 Kotak Low Duration  0.5 1.4 6.6 4.6 16 15 1.17 2981.23  0.5 1.6 7.4 5.4 7 7 0.42 3211.30 11206
764 LIC MF Low Duration  0.5 1.4 6.5 4.6 19 14 0.96 35.37  0.6 1.6 7.1 5.2 19 12 0.27 37.93 1385
765 Mahindra Manulife Low Duration  0.5 1.5 6.6 4.4 15 20 1.09 1460.81  0.6 1.7 7.4 5.2 6 11 0.30 1547.46 475
766 Mirae Asset Svngs  0.5 1.5 6.5 4.4 18 19 0.91 2012.20  0.6 1.6 7.1 5.0 18 14 0.29 2168.88 589
767 Nippon Ind Low Duration  0.5 1.5 6.7 4.9 13 6 0.94 3333.30  0.6 1.6 7.3 5.6 10 3 0.38 3503.13 6406
768 SBI Magnum Low Duration  0.5 1.5 6.7 4.5 11 16 1.02 3115.23  0.6 1.7 7.3 5.1 8 13 0.39 3214.15 10861
769 Sundaram Low Duration  0.5 1.5 6.4 7.0 20 1 0.93 3090.66  0.6 1.7 7.3 7.8 9 1 0.33 3277.45 415
770 Tata Treasury Advtg  0.5 1.5 6.8 4.7 10 7 0.59 3499.05  0.6 1.6 7.1 5.0 17 16 0.29 3577.40 2569
771 UTI Low Duration  0.6 1.6 7.0 6.7 2 2 0.44 3145.48  0.6 1.6 7.2 6.8 14 2 0.35 3190.97 3444
Debt: Ultra Short Duration 0.5 1.6 6.6 4.7 24 23 0.6 1.7 7.2 5.3 24 23
772 ABSL Savings  0.6 1.6 7.2 5.2 2 3 0.54 486.18  0.6 1.7 7.4 5.3 7 5 0.34 493.24 13711
773 Axis Ultra ST  0.5 1.5 6.5 4.5 15 16 1.14 13.21  0.6 1.7 7.5 5.4 2 4 0.33 13.84 4801
774 Bandhan Ultra ST  0.6 1.6 7.0 4.8 4 10 0.44 13.58  0.6 1.7 7.2 5.0 16 20 0.25 13.70 3355
775 Bank of Ind Ultra SD  0.5 1.4 6.3 4.5 20 17 1.20 2849.08  0.5 1.5 6.8 4.8 22 21 0.75 2925.23 136
776 Baroda BNP Paribas Ultra SD  0.6 1.7 7.2 5.1 1 4 0.48 1374.62  0.6 1.7 7.4 5.3 4 6 0.30 1388.52 1505
777 Canara Robeco Ultra ST  0.5 1.5 6.4 4.2 19 21 0.95 3417.10  0.5 1.6 6.9 4.7 21 22 0.43 3602.67 536
778 DSP Ultra Short  0.5 1.7 6.7 4.4 12 20 1.01 3054.05  0.6 1.9 7.5 5.2 3 11 0.30 3282.84 2609
779 HDFC Ultra ST  0.5 1.6 6.9 4.9 7 7 0.69 13.51  0.6 1.7 7.3 5.2 12 10 0.36 13.74 12997
780 HSBC Ultra SD  0.6 1.6 7.0 4.8 5 8 0.48 1207.51  0.6 1.7 7.3 5.1 15 17 0.22 1219.59 2295
781 ICICI Pru Ultra ST  0.5 1.6 6.9 5.1 8 5 0.82 24.69  0.6 1.7 7.4 5.6 5 3 0.39 26.54 12413
782 Invesco Ind Ultra ST  0.5 1.5 6.6 4.5 14 18 0.89 2405.73  0.6 1.7 7.3 5.1 9 16 0.24 2553.99 716
783 ITI Ultra SD  0.5 1.5 6.2 - 22 - 0.95 1116.09  0.6 1.7 7.1 - 19 - 0.10 1140.78 100
CCIL T Bill Liquidity Weight 0.4 1.1 4.4 2.9
All data as on November 30, 2023. *ETFs and index funds are excluded here. They have been included in their respective scoreboards. AUM as on October 31, 2023.

72 Mutual Fund Insight January 2024

Subscription copy of [[email protected]]. Redistribution prohibited.

 REGULAR DIRECT
Return (%) Rank Return (%) Rank Assets
No Fund Name Rating 1M 3M 1Y 3Y 1 Y 3 Y Expense NAV Rating 1M 3M 1Y 3Y 1 Y 3 Y Expense NAV (` Cr)

Debt: Ultra Short Duration 0.5 1.6 6.6 4.7 24 23 0.6 1.7 7.2 5.3 24 23
784 Kotak Savings  0.5 1.5 6.8 4.7 10 13 0.80 38.34  0.5 1.6 7.3 5.2 14 14 0.36 39.89 13277
785 LIC MF Ultra SD  0.5 1.4 6.3 4.8 21 11 1.03 1188.09  0.5 1.6 6.6 5.0 23 18 0.32 1200.39 121
786 Mahindra Manulife Ultra SD  0.5 1.6 6.8 4.7 9 12 0.71 1229.10  0.6 1.7 7.3 5.2 13 15 0.29 1250.58 204
787 Mirae Asset Ultra SD  0.6 1.7 7.1 4.9 3 6 0.47 1163.19  0.6 1.7 7.3 5.2 10 13 0.21 1170.98 522
788 Motilal Oswal Ultra ST  0.5 1.4 5.7 3.8 24 23 1.07 15.03  0.5 1.7 6.4 4.5 24 23 0.58 15.75 144
789 Nippon Ind Ultra SD  0.5 1.6 6.7 6.3 13 1 1.16 3604.05  0.6 1.8 7.5 7.1 1 1 0.38 3928.50 5971
790 PGIM Ind Ultra SD  0.5 1.5 6.5 4.6 16 15 0.90 30.63  0.6 1.7 7.2 5.2 18 12 0.26 31.70 325
791 SBI Magnum Ultra SD  0.6 1.6 7.0 4.8 6 9 0.54 5330.12  0.6 1.7 7.2 5.0 17 19 0.31 5405.17 13270
792 Sundaram Ultra SD  0.5 1.4 6.1 3.9 23 22 1.42 2430.66  0.6 1.7 7.3 5.2 8 9 0.18 2599.46 1766
793 Tata Ultra ST  0.5 1.5 6.5 4.4 17 19 1.15 12.72  0.6 1.8 7.4 5.3 6 7 0.31 13.20 2110
794 UTI Ultra SD  0.5 1.6 6.7 5.6 11 2 0.97 3795.21  0.6 1.7 7.3 6.2 11 2 0.44 4034.17 2227
795 WhiteOak Capital Ultra ST  0.5 1.5 6.4 4.6 18 14 0.03 1224.41  0.6 1.7 7.1 5.3 20 8 0.03 1256.79 257
Debt: Liquid 0.6 1.7 6.9 4.8 35 34 0.6 1.7 7.0 5.0 35 34
796 360 ONE Liquid  0.6 1.7 6.9 4.7 26 28 0.25 1803.52  0.6 1.7 6.9 4.8 27 31 0.20 1812.63 567
797 ABSL Liquid  0.6 1.7 7.0 4.9 3 10 0.34 376.40  0.6 1.7 7.1 5.0 1 5 0.21 380.16 38715
798 Axis Liquid  0.6 1.7 7.0 4.9 2 6 0.24 2599.41  0.6 1.7 7.1 5.0 5 13 0.17 2618.16 26890
799 Bajaj Finserv Liquid NR 0.6 1.7 - - - - 0.28 1027.31 NR 0.6 1.7 - - - - 0.11 1028.02 2122
800 Bandhan Liquid  0.6 1.7 6.9 4.9 15 19 0.25 2824.64  0.6 1.7 7.1 5.0 11 20 0.12 2846.16 14111
801 Bank of Ind Liquid  0.6 1.7 7.0 4.9 1 4 0.13 2687.27  0.6 1.7 7.1 5.0 12 11 0.08 2712.60 1499
802 Baroda BNP Paribas Liquid  0.6 1.7 7.0 4.9 10 3 0.31 2688.78  0.6 1.7 7.1 5.0 6 3 0.19 2717.17 9644
803 Canara Robeco Liquid  0.6 1.7 7.0 4.9 5 11 0.18 2810.81  0.6 1.7 7.1 5.0 9 26 0.12 2823.22 3813
804 DSP Liquidity  0.6 1.7 6.9 4.9 17 18 0.24 3334.36  0.6 1.7 7.0 5.0 22 17 0.15 3367.22 11746
805 Edelweiss Liquid  0.6 1.7 6.8 4.8 27 27 0.32 2987.55  0.6 1.7 7.1 5.0 15 4 0.08 3041.48 3194
806 Franklin Ind Liquid  0.6 1.7 6.9 4.9 18 15 0.20 3513.84  0.6 1.7 7.0 5.0 26 19 0.13 3539.04 1726
807 Groww Liquid  0.6 1.7 6.7 4.7 31 29 0.20 2258.38  0.6 1.7 6.8 4.8 32 29 0.10 2282.32 158
808 HDFC Liquid  0.6 1.7 6.9 4.8 21 25 0.30 4584.62  0.6 1.7 7.0 4.9 23 27 0.20 4628.72 52229
809 HSBC Liquid  0.6 1.7 7.0 4.9 9 14 0.22 2329.24  0.6 1.7 7.1 5.0 7 18 0.12 2347.28 18480
810 ICICI Pru Liquid  0.6 1.7 6.9 4.8 13 22 0.29 345.82  0.6 1.7 7.0 5.0 20 25 0.20 348.68 40639
811 Invesco Ind Liquid  0.6 1.7 6.9 4.9 12 17 0.22 3210.03  0.6 1.7 7.0 5.0 25 24 0.15 3234.19 7473
812 ITI Liquid  0.5 1.7 6.6 4.6 33 31 0.25 1223.27  0.6 1.7 6.8 4.8 33 28 0.09 1230.59 34
813 JM Liquid  0.6 1.7 6.9 4.9 16 12 0.25 63.84  0.6 1.7 7.0 5.0 21 14 0.15 64.42 1896
814 Kotak Liquid  0.6 1.7 6.9 4.8 23 26 0.32 4724.08  0.6 1.7 7.0 5.0 17 23 0.20 4760.37 31169
815 LIC MF Liquid  0.6 1.7 6.9 4.9 25 21 0.21 4223.91  0.6 1.7 7.0 5.0 24 16 0.16 4278.26 8945
816 Mahindra Manulife Liquid  0.6 1.7 7.0 4.9 6 5 0.26 1520.26  0.6 1.7 7.1 5.1 3 2 0.15 1533.85 744
817 Mirae Asset Cash Management  0.6 1.7 7.0 4.9 11 8 0.23 2449.97  0.6 1.7 7.1 5.0 10 6 0.12 2488.16 10114
818 Motilal Oswal Liquid  0.5 1.6 6.5 4.5 35 34 0.38 12.44  0.6 1.7 6.6 4.7 35 34 0.23 12.53 488
819 Navi Liquid  0.5 1.6 6.8 5.0 29 2 0.20 25.57  0.6 1.7 6.8 5.0 31 9 0.15 25.78 108
820 Nippon Ind Liquid  0.6 1.7 6.9 4.8 20 23 0.34 5702.86  0.6 1.7 7.1 5.0 14 15 0.20 5764.41 22686
821 Parag Parikh Liquid  0.5 1.6 6.5 4.6 34 32 0.26 1303.86  0.5 1.7 6.6 4.7 34 32 0.16 1311.24 2027
822 PGIM Ind Liquid  0.6 1.7 7.0 4.9 8 16 0.28 304.20  0.6 1.7 7.1 5.0 2 8 0.13 307.24 434
823 Quant Liquid  0.5 1.6 6.6 5.0 32 1 0.54 37.10  0.6 1.7 6.9 5.3 28 1 0.29 37.91 1795
824 Quantum Liquid  0.5 1.7 6.7 4.7 30 30 0.25 31.49  0.6 1.7 6.8 4.8 30 30 0.15 31.66 589
825 SBI Liquid  0.6 1.7 6.9 4.9 22 20 0.30 3655.93  0.6 1.7 7.0 5.0 19 21 0.18 3687.35 62038
826 Sundaram Liquid  0.6 1.7 6.9 4.9 14 13 0.29 2062.12  0.6 1.7 7.0 5.0 16 10 0.17 2080.53 4454
827 Tata Liquid  0.6 1.7 6.9 4.8 19 24 0.32 3680.02  0.6 1.7 7.0 5.0 18 22 0.21 3717.49 20002
CCIL T Bill Liquidity Weight 0.4 1.1 4.4 2.9
All data as on November 30, 2023. *ETFs and index funds are excluded here. They have been included in their respective scoreboards. AUM as on October 31, 2023.

Mutual Fund Insight January 2024 73

Subscription copy of [[email protected]]. Redistribution prohibited.
 SCOREBOARD DEBT
REGULAR DIRECT
Return (%) Rank Return (%) Rank Assets
No Fund Name Rating 1M 3M 1Y 3Y 1 Y 3 Y Expense NAV Rating 1M 3M 1Y 3Y 1 Y 3 Y Expense NAV (` Cr)

Debt: Liquid 0.6 1.7 6.9 4.8 35 34 0.6 1.7 7.0 5.0 35 34
828 TRUSTMF Liquid  0.6 1.7 6.9 - 24 - 0.25 1137.99  0.6 1.7 7.1 - 13 - 0.10 1142.44 227
829 Union Liquid  0.6 1.7 7.0 4.9 4 7 0.18 2247.72  0.6 1.7 7.1 5.0 4 7 0.08 2271.75 2862
830 UTI Liquid  0.6 1.7 7.0 4.9 7 9 0.27 3832.56  0.6 1.7 7.1 5.0 8 12 0.18 3861.97 22049
831 WhiteOak Capital Liquid  0.6 1.7 6.8 4.6 28 33 0.02 1258.55  0.6 1.7 6.9 4.7 29 33 0.02 1264.13 208
Debt: Money Market 0.5 1.6 7.0 4.9 22 18 0.6 1.7 7.3 5.2 22 18
832 ABSL Money Manager  0.6 1.7 7.4 5.2 1 2 0.34 328.31  0.6 1.7 7.6 5.4 2 3 0.21 331.90 16417
833 Axis Money Mkt  0.6 1.7 7.3 5.2 6 5 0.35 1269.39  0.6 1.7 7.5 5.3 3 4 0.17 1277.89 7723
834 Bajaj FinSrv Money Mkt NR 0.5 1.6 - - - - 0.77 1026.38 NR 0.6 1.7 - - - - 0.22 1028.39 1836
835 Bandhan Money Manager  0.5 1.5 6.7 4.4 18 17 0.98 35.98  0.6 1.7 7.4 5.1 11 11 0.23 38.66 3461
836 Baroda BNP Paribas Money Mkt  0.5 1.6 6.9 4.5 15 15 0.42 1228.97  0.6 1.6 7.1 4.8 18 18 0.23 1243.03 64
837 DSP Savings  0.6 1.6 7.2 4.8 10 11 0.49 46.97  0.6 1.7 7.4 5.0 13 14 0.25 48.23 4237
838 Edelweiss Money Mkt  0.5 1.5 6.4 4.1 20 18 0.96 25.49  0.6 1.7 7.2 4.9 17 17 0.26 27.81 375
839 Franklin India Money Mkt  0.6 1.7 7.3 5.0 9 9 0.25 44.54  0.6 1.7 7.4 5.1 10 12 0.10 45.91 1501
840 HDFC Money Mkt  0.6 1.7 7.3 5.1 8 7 0.41 5076.17  0.6 1.7 7.5 5.3 6 6 0.23 5163.96 17621
841 HSBC Money Mkt  0.5 1.6 6.9 4.5 16 16 0.57 23.50  0.6 1.7 7.3 4.9 15 16 0.25 24.55 1289
842 ICICI Pru Money Mkt  0.6 1.7 7.4 5.1 5 8 0.31 336.69  0.6 1.7 7.5 5.3 8 10 0.21 340.25 14789
843 Invesco Ind Money Mkt  0.5 1.6 7.0 4.7 13 13 0.55 2713.65  0.6 1.7 7.4 5.0 14 13 0.22 2798.61 3300
844 Kotak Money Mkt  0.6 1.7 7.3 5.2 7 6 0.35 3986.28  0.6 1.7 7.4 5.3 12 9 0.23 4015.54 16637
845 LIC MF Money Mkt NR 0.5 1.5 6.2 - 22 - 0.61 1077.97 NR 0.5 1.7 6.7 - 22 - 0.18 1084.22 30
846 Mirae Asset Money Mkt  0.6 1.6 6.7 - 19 - 0.59 1120.92  0.6 1.7 7.1 - 20 - 0.23 1130.72 92
847 Nippon Ind Money Mkt  0.6 1.7 7.4 5.3 4 1 0.35 3682.39  0.6 1.7 7.5 5.4 5 2 0.24 3721.78 12075
848 PGIM Ind Money Mkt  0.5 1.6 7.1 4.6 11 14 0.53 1184.89  0.6 1.7 7.5 5.3 7 7 0.20 1214.86 284
849 SBI Savings  0.5 1.6 6.9 4.7 17 12 0.76 37.01  0.6 1.7 7.5 5.3 9 8 0.23 39.41 19714
850 Sundaram Money Mkt  0.6 1.7 7.0 4.9 14 10 0.34 13.34  0.6 1.7 7.1 5.0 19 15 0.25 13.40 102
851 Tata Money Mkt  0.6 1.7 7.4 5.2 3 4 0.42 4190.38  0.6 1.8 7.7 5.5 1 1 0.17 4251.64 15016
852 TRUSTMF Money Mkt NR 0.6 1.6 7.0 - 12 - 0.31 1088.05 NR 0.6 1.7 7.2 - 16 - 0.16 1090.13 161
853 Union Money Mkt  0.5 1.5 6.2 - 21 - 1.03 1109.62  0.5 1.6 7.0 - 21 - 0.29 1127.37 173
854 UTI Money Mkt  0.6 1.7 7.4 5.2 2 3 0.27 2735.49  0.6 1.7 7.5 5.3 4 5 0.20 2764.78 11578
Debt: Overnight 0.5 1.7 6.5 4.6 31 27 0.6 1.7 6.6 4.7 31 27
855 ABSL Overnight  0.5 1.6 6.5 4.6 14 14 0.19 1259.12  0.6 1.7 6.7 4.8 9 7 0.08 1266.65 8210
856 Axis Overnight  0.5 1.7 6.6 4.7 2 2 0.11 1235.23  0.6 1.7 6.7 4.8 2 3 0.05 1238.70 11341
857 Bajaj Finserv Overnight NR 0.5 1.7 - - - - 0.13 1026.89 NR 0.6 1.7 - - - - 0.08 1027.10 427
858 Bandhan Overnight  0.5 1.7 6.5 4.6 19 21 0.15 1242.20  0.6 1.7 6.6 4.7 13 16 0.05 1248.95 1587
859 Bank of Ind Overnight  0.6 1.7 6.7 4.8 1 1 0.10 1184.18  0.6 1.7 6.7 4.8 1 1 0.09 1187.02 101
860 Baroda BNP Paribas Overnight  0.5 1.7 6.6 4.7 6 6 0.17 1226.59  0.6 1.7 6.7 4.8 8 11 0.09 1229.96 632
861 Canara Robeco Overnight  0.5 1.7 6.6 4.7 9 3 0.11 1210.42  0.5 1.7 6.6 4.7 28 22 0.10 1211.40 180
862 DSP Overnight  0.5 1.7 6.6 4.7 5 8 0.14 1249.31  0.6 1.7 6.7 4.8 5 10 0.06 1254.45 3713
863 Edelweiss Overnight  0.5 1.7 6.5 4.6 11 13 0.16 1210.00  0.6 1.7 6.6 4.7 24 24 0.10 1212.99 396
864 Franklin Ind Overnight  0.5 1.7 6.5 4.6 24 17 0.16 1218.94  0.5 1.7 6.6 4.7 29 25 0.11 1221.92 275
865 Groww Overnight  0.5 1.6 6.2 4.5 31 27 0.18 1203.80  0.5 1.7 6.3 4.6 31 27 0.08 1208.54 32
866 HDFC Overnight  0.5 1.6 6.5 4.6 27 25 0.20 3446.53  0.5 1.7 6.6 4.7 25 23 0.10 3475.89 10067
867 Helios Overnight NR 0.5 - - - - - 0.15 1007.17 NR 0.5 - - - - - 0.10 1007.22 41
868 HSBC Overnight  0.5 1.6 6.5 4.6 13 15 0.16 1217.62  0.6 1.7 6.7 4.8 7 9 0.06 1225.38 2621
869 ICICI Pru Overnight  0.5 1.6 6.5 4.6 15 18 0.18 1256.20  0.5 1.7 6.6 4.7 15 18 0.10 1262.31 10099
870 Invesco Ind Overnight  0.5 1.7 6.6 4.7 10 9 0.12 1180.55  0.6 1.7 6.6 4.7 19 19 0.06 1183.32 972
CCIL T Bill Liquidity Weight 0.4 1.1 4.4 2.9
All data as on November 30, 2023. *ETFs and index funds are excluded here. They have been included in their respective scoreboards. AUM as on October 31, 2023.

74 Mutual Fund Insight January 2024

Subscription copy of [[email protected]]. Redistribution prohibited.

 REGULAR DIRECT
Return (%) Rank Return (%) Rank Assets
No Fund Name Rating 1M 3M 1Y 3Y 1 Y 3 Y Expense NAV Rating 1M 3M 1Y 3Y 1 Y 3 Y Expense NAV (` Cr)

Debt: Overnight 0.5 1.7 6.5 4.6 31 27 0.6 1.7 6.6 4.7 31 27
871 ITI Overnight  0.5 1.6 6.3 4.5 30 26 0.18 1186.27  0.5 1.6 6.4 4.6 30 26 0.08 1191.25 9
872 JM Overnight  0.5 1.7 6.5 4.7 18 10 0.14 1186.42  0.5 1.7 6.6 4.7 22 15 0.07 1189.72 173
873 Kotak Overnight  0.5 1.6 6.5 4.6 17 20 0.19 1243.58  0.6 1.7 6.7 4.7 6 13 0.08 1249.26 8233
874 LIC MF Overnight  0.5 1.6 6.5 4.6 26 24 0.20 1207.01  0.6 1.7 6.6 4.8 18 8 0.07 1213.89 330
875 Mahindra Manulife Overnight  0.5 1.6 6.5 4.7 16 11 0.19 1206.91  0.6 1.7 6.6 4.8 12 4 0.09 1212.25 148
876 Mirae Asset Overnight  0.5 1.7 6.6 4.7 7 4 0.18 1195.97  0.6 1.7 6.7 4.8 3 2 0.09 1200.68 1440
877 Navi Overnight NR 0.5 1.6 - - - - 0.25 10.24 NR 0.5 1.6 - - - - 0.05 10.24 19
878 Nippon Ind Overnight  0.5 1.7 6.6 4.7 8 12 0.17 125.15  0.6 1.7 6.7 4.8 4 5 0.08 125.75 8464
879 NJ Overnight NR 0.5 1.6 6.5 - 28 - 0.15 1084.28 NR 0.5 1.7 6.6 - 26 - 0.05 1085.74 102
880 PGIM Ind Overnight  0.5 1.7 6.5 4.7 20 5 0.17 1204.46  0.6 1.7 6.6 4.8 21 6 0.11 1208.59 66
881 Quant Overnight NR 0.6 1.9 - - - - 0.23 10.68 NR 0.6 1.9 - - - - 0.11 10.70 80
882 Samco Overnight NR 0.5 1.6 6.3 - 29 - 0.30 1072.28 NR 0.5 1.7 6.6 - 27 - 0.10 1075.17 36
883 SBI Overnight  0.5 1.6 6.5 4.6 23 16 0.18 3766.28  0.5 1.7 6.6 4.7 23 20 0.10 3811.03 16873
884 Shriram Overnight NR 0.5 1.6 6.5 - 25 - - 10.82 NR 0.6 1.7 6.6 - 17 - - 10.83 74
885 Sundaram Overnight  0.5 1.6 6.5 4.6 12 23 0.18 1238.71  0.6 1.7 6.6 4.7 16 21 0.07 1244.37 1173
886 Tata Overnight  0.5 1.7 6.5 4.6 22 22 0.18 1229.17  0.6 1.7 6.6 4.7 10 12 0.06 1235.43 4655
887 TRUSTMF Overnight  0.5 1.7 6.6 - 3 - 0.12 1107.99  0.6 1.7 6.6 - 11 - 0.07 1109.03 99
888 Union Overnight  0.5 1.6 6.5 4.6 21 19 0.18 1227.14  0.6 1.7 6.6 4.7 20 17 0.08 1232.81 380
889 UTI Overnight  0.5 1.7 6.6 4.7 4 7 0.10 3173.63  0.6 1.7 6.6 4.7 14 14 0.05 3205.52 6251
Debt: Dynamic Bond 0.7 0.9 5.9 4.2 25 22 0.8 1.0 6.6 4.9 25 22
890 360 ONE Dyn Bond  0.8 0.9 6.1 5.1 10 5 0.52 19.42  0.8 0.9 6.3 5.3 16 5 0.27 20.41 740
891 ABSL Active Debt Multi Manager FoF  0.6 1.3 6.6 4.6 5 8 0.62 32.99  0.6 1.4 6.9 5.0 7 7 0.27 34.68 10
892 ABSL Dyn Bond  0.8 0.9 6.2 5.8 8 2 1.23 40.27  0.8 1.0 6.8 6.4 8 2 0.64 42.80 1701
893 Axis All Seasons Debt FoF  0.9 1.1 6.0 4.8 12 6 0.58 12.52  0.9 1.2 6.4 5.2 15 6 0.23 12.69 173
894 Axis Dyn Bond  0.7 1.0 6.1 4.0 11 11 0.57 25.85  0.7 1.1 6.5 4.4 12 14 0.26 28.26 1732
895 Bandhan Dyn Bond  0.9 0.4 5.2 2.7 22 21 1.62 29.52  1.0 0.6 6.1 3.6 21 21 0.76 32.37 2185
896 Baroda BNP Paribas Dyn Bond  0.8 1.0 6.3 3.8 7 13 1.69 40.24  0.9 1.2 7.3 4.9 5 9 0.71 44.13 141
897 Canara Robeco Dyn Bond  0.9 0.4 4.9 2.8 24 20 1.75 26.06  1.0 0.6 6.1 3.9 22 20 0.65 28.25 116
898 DSP Strategic Bond  0.7 0.1 7.2 3.7 2 15 1.17 2922.62  0.7 0.3 7.9 4.4 2 15 0.53 3081.93 837
899 Groww Dyn Bond  0.7 1.0 4.8 3.6 25 16 1.45 1310.75  0.8 1.2 5.5 4.2 25 16 0.45 1347.26 36
900 HDFC Dyn Debt  0.7 0.9 5.9 5.1 13 4 1.48 78.62  0.8 1.1 7.1 6.1 6 3 0.69 85.84 640
901 HSBC Dyn Bond  0.8 1.0 5.7 3.6 15 17 0.80 25.83  0.8 1.1 6.2 4.0 20 18 0.31 27.73 182
902 ICICI Pru All Seasons Bond  0.8 1.5 7.1 5.3 3 3 1.31 32.38  0.8 1.7 7.9 6.1 1 4 0.56 34.59 11427
903 ITI Dyn Bond  0.3 0.9 5.2 - 21 - 1.19 11.06  0.4 1.1 6.3 - 17 - 0.14 11.34 32
904 JM Dyn Bond  0.5 1.1 5.6 4.1 16 10 0.98 36.38  0.5 1.2 6.0 4.6 23 13 0.63 38.55 43
905 Kotak All Weather Debt FOF NR 0.6 1.7 7.4 - 1 - 0.15 10.77 NR 0.6 1.7 7.5 - 3 - 0.07 10.78 39
906 Kotak Dyn Bond  1.0 1.1 5.7 3.8 14 12 1.30 32.62  1.0 1.3 6.7 4.7 11 11 0.45 35.14 2446
907 Mahindra Manulife Dyn Bond  0.6 0.6 5.1 2.8 23 - 1.58 12.53  0.7 0.9 6.3 3.9 19 - 0.45 13.28 73
908 Mirae Asset Dyn Bond  0.5 1.0 5.3 3.0 20 19 1.13 14.37  0.6 1.2 6.3 4.0 18 19 0.24 15.49 195
909 Nippon Ind Dyn Bond  0.7 0.6 6.3 3.7 6 14 0.70 32.29  0.8 0.7 6.7 4.1 10 17 0.31 34.43 4429
910 PGIM Ind Dyn Bond  0.6 0.8 5.4 3.4 19 18 1.64 2301.82  0.8 1.1 6.8 4.6 9 12 0.35 2562.35 123
911 Quantum Dyn Bond  0.8 0.6 6.2 4.7 9 7 0.96 18.57  0.9 0.8 6.5 4.8 14 10 0.51 18.73 92
912 SBI Dyn Bond  0.7 0.9 6.6 4.2 4 9 1.43 31.29  0.8 1.1 7.5 5.0 4 8 0.60 33.79 2933
913 Union Dyn Bond  0.8 0.6 5.5 2.6 18 22 1.50 20.44  0.8 0.7 5.8 2.8 24 22 1.26 21.50 88
914 UTI Dyn Bond  0.7 0.7 5.6 8.7 17 1 1.53 27.07  0.8 0.9 6.5 9.4 13 1 0.68 29.01 430
VR Bond Index 0.8 1.1 6.5 4.2
All data as on November 30, 2023. *ETFs and index funds are excluded here. They have been included in their respective scoreboards. AUM as on October 31, 2023.

Mutual Fund Insight January 2024 75

Subscription copy of [[email protected]]. Redistribution prohibited.
 SCOREBOARD DEBT
REGULAR DIRECT
Return (%) Rank Return (%) Rank Assets
No Fund Name Rating 1M 3M 1Y 3Y 1 Y 3 Y Expense NAV Rating 1M 3M 1Y 3Y 1 Y 3 Y Expense NAV (` Cr)

Debt: Corporate Bond 0.6 1.3 6.3 4.2 21 19 0.6 1.4 6.8 4.7 21 19
915 ABSL Corp Bond  0.7 1.3 6.9 5.0 3 3 0.50 98.75  0.7 1.4 7.1 5.1 6 4 0.31 100.14 17862
916 ABSL Retrmnt 50s + Debt  0.6 0.9 4.6 2.5 21 19 2.08 11.93  0.7 1.2 5.9 3.8 21 19 0.85 12.71 22
917 Axis Corp Debt  0.6 1.3 6.4 4.6 10 6 0.94 14.97  0.7 1.4 7.2 5.3 5 3 0.29 15.70 4952
918 Bandhan Corp Bond  0.5 1.6 6.7 4.3 5 11 0.62 16.99  0.6 1.7 7.1 4.6 7 11 0.32 17.41 14140
919 Baroda BNP Paribas Corp Bond  0.6 1.2 6.6 3.4 6 18 0.58 23.98  0.7 1.3 7.0 3.9 8 18 0.20 25.35 142
920 Canara Robeco Corp Bond  0.5 1.2 5.8 3.8 20 15 1.03 19.33  0.6 1.3 6.4 4.4 15 14 0.38 20.50 164
921 DSP Corp Bond  0.5 1.2 6.0 3.7 18 16 0.50 14.08  0.5 1.3 6.3 4.0 19 17 0.25 14.27 2549
922 Franklin Ind Corp Debt  0.6 1.4 6.4 4.4 12 7 0.74 87.09  0.6 1.6 7.0 5.0 9 8 0.20 93.49 797
923 HDFC Corp Bond  0.6 1.3 7.0 4.7 2 4 0.60 28.50  0.6 1.4 7.2 5.0 2 6 0.35 29.01 26809
924 HSBC Corp Bond  0.7 1.2 6.1 4.0 16 14 0.64 64.13  0.7 1.3 6.4 4.4 16 15 0.30 67.95 6605
925 ICICI Pru Corp Bond  0.5 1.5 7.3 5.3 1 1 0.55 26.24  0.6 1.5 7.5 5.6 1 2 0.32 27.39 24508
926 Invesco Ind Corp Bond  0.6 1.2 6.3 4.1 13 13 0.66 2788.05  0.6 1.3 6.7 4.5 14 13 0.28 2969.89 2540
927 Kotak Corp Bond  0.6 1.3 6.5 4.6 8 5 0.67 3305.82  0.6 1.4 6.9 5.0 12 7 0.34 3433.63 10656
928 Mirae Asset Corp Bond  0.5 1.0 5.9 - 19 - 0.91 11.23  0.6 1.1 6.4 - 17 - 0.46 11.37 59
929 Nippon Ind Corp Bond  0.6 1.3 6.9 5.2 4 2 0.67 52.40  0.7 1.4 7.2 5.6 4 1 0.34 54.67 2381
930 PGIM Ind Corp Bond  0.5 1.2 6.2 4.3 14 9 1.03 38.12  0.5 1.4 7.0 5.1 10 5 0.29 41.99 115
931 SBI Corp Bond  0.5 1.3 6.4 4.1 11 12 0.80 13.63  0.6 1.4 6.9 4.6 11 10 0.35 13.95 20636
932 Sundaram Corp Bond  0.6 1.3 6.0 4.3 17 10 0.51 35.28  0.6 1.3 6.3 4.5 20 12 0.28 36.36 810
933 Tata Corp Bond  0.6 1.2 6.6 - 7 - 0.87 10.87  0.6 1.4 7.2 - 3 - 0.32 11.00 703
934 TRUSTMF Corp Bond NR 0.5 1.1 - - - - 0.65 1054.35 NR 0.6 1.2 - - - - 0.25 1057.99 137
935 Union Corp Bond  0.6 1.2 6.1 3.7 15 17 0.69 13.41  0.6 1.3 6.4 4.0 18 16 0.39 13.65 462
936 UTI Corp Bond  0.6 1.3 6.5 4.4 9 8 0.57 14.40  0.6 1.4 6.8 4.7 13 9 0.27 14.64 3066
Debt: Credit Risk 0.6 2.1 7.6 9.1 14 14 0.6 2.3 8.4 9.9 14 14
937 ABSL Credit Risk  0.6 1.4 6.7 6.8 8 6 1.58 18.23  0.6 1.6 7.6 7.7 8 6 0.68 19.70 1003
938 Axis Credit Risk  0.6 1.4 6.8 5.6 7 10 1.57 18.82  0.7 1.6 7.7 6.5 6 8 0.80 20.80 507
939 Bandhan Credit Risk  0.5 1.2 5.5 4.2 13 14 1.63 14.62  0.6 1.4 6.5 5.2 13 14 0.66 15.62 395
940 Bank of Ind Credit Risk  0.4 1.3 5.5 40.8 14 1 1.46 11.08  0.4 1.4 5.7 41.2 14 1 1.17 11.29 150
941 Baroda BNP Paribas Credit Risk  0.5 1.5 7.0 10.2 5 3 1.60 19.49  0.6 1.7 7.9 11.0 5 3 0.79 21.18 161
942 DSP Credit Risk  0.6 9.2 15.4 9.0 1 4 1.18 38.68  0.7 9.4 16.4 9.9 1 4 0.40 41.71 206
943 HDFC Credit Risk Debt  0.6 1.3 6.4 5.7 9 9 1.57 21.15  0.6 1.4 7.1 6.4 12 11 0.96 22.63 8302
944 HSBC Credit Risk  0.5 1.2 6.3 5.0 11 12 1.68 25.60  0.6 1.5 7.2 5.8 11 12 0.86 27.41 523
945 ICICI Pru Credit Risk  0.7 1.7 7.0 6.1 6 7 1.56 27.75  0.8 1.9 7.7 6.8 7 7 0.87 30.26 7424
946 Invesco India Credit Risk  0.6 2.8 11.3 5.3 2 11 1.50 1680.75  0.7 3.1 12.6 6.5 2 9 0.28 1837.97 139
947 Kotak Credit Risk  0.8 1.8 6.2 4.2 12 13 1.70 26.04  0.9 2.0 7.2 5.3 9 13 0.77 28.86 955
948 Nippon Ind Credit Risk  0.6 1.6 7.7 8.4 4 5 1.63 30.60  0.6 1.8 8.5 9.1 4 5 0.91 33.27 1023
949 SBI Credit Risk  0.6 1.5 8.1 5.8 3 8 1.55 40.13  0.7 1.6 8.8 6.4 3 10 0.90 42.88 2689
950 UTI Credit Risk  0.5 1.3 6.4 10.3 10 2 1.60 15.10  0.6 1.5 7.2 11.1 10 2 0.86 16.88 416
Debt: Banking and PSU 0.6 1.3 6.3 4.3 22 19 0.6 1.4 6.7 4.7 22 19
951 ABSL Banking & PSU Debt  0.6 1.3 6.5 4.5 2 5 0.71 322.93  0.7 1.4 6.9 4.9 5 6 0.36 333.38 8151
952 Axis Banking & PSU Debt  0.5 1.3 6.2 4.4 14 11 0.63 2328.13  0.5 1.3 6.5 4.7 18 11 0.33 2390.06 14328
953 Bajaj FinSrv Banking and PSU NR - - - - - - 0.89 10.04 NR - - - - - - 0.34 10.05 -
954 Bandhan Banking & PSU Debt  0.5 1.3 6.5 4.4 5 9 0.63 21.77  0.5 1.4 6.8 4.7 8 10 0.33 22.30 14780
955 Baroda BNP Paribas Banking & PSU Bond  0.7 1.2 6.0 - 21 - 0.79 11.13  0.7 1.3 6.8 - 11 - 0.39 11.31 29
956 Canara Robeco Banking and PSU Debt NR 0.6 1.1 5.9 - 22 - 0.71 10.70 NR 0.6 1.2 6.2 - 22 - 0.36 10.74 398
CCIL T Bill Liquidity Weight 0.4 1.1 4.4 2.9
VR Bond Index 0.8 1.1 6.5 4.2
All data as on November 30, 2023. *ETFs and index funds are excluded here. They have been included in their respective scoreboards. AUM as on October 31, 2023.

76 Mutual Fund Insight January 2024

Subscription copy of [[email protected]]. Redistribution prohibited.

 REGULAR DIRECT
Return (%) Rank Return (%) Rank Assets
No Fund Name Rating 1M 3M 1Y 3Y 1 Y 3 Y Expense NAV Rating 1M 3M 1Y 3Y 1 Y 3 Y Expense NAV (` Cr)

Debt: Banking and PSU 0.6 1.3 6.3 4.3 22 19 0.6 1.4 6.7 4.7 22 19
957 DSP Banking & PSU Debt  0.6 1.1 6.3 4.1 11 13 0.56 21.09  0.6 1.2 6.6 4.4 16 14 0.32 21.74 2546
958 Edelweiss Banking & PSU Debt  0.6 1.1 6.1 4.4 17 10 0.70 21.61  0.7 1.2 6.4 4.7 21 9 0.39 22.28 327
959 Franklin Ind Banking & PSU Debt  0.5 1.4 6.5 4.4 3 7 0.49 19.82  0.5 1.5 6.9 4.8 6 8 0.15 20.60 656
960 HDFC Banking and PSU Debt  0.6 1.3 6.5 4.5 4 6 0.81 20.26  0.6 1.4 7.0 4.9 3 5 0.39 20.97 6428
961 HSBC Banking and PSU Debt  0.6 1.3 6.1 3.5 18 18 0.61 21.48  0.6 1.4 6.5 3.9 19 18 0.23 22.49 4489
962 ICICI Pru Banking & PSU Debt  0.6 1.5 7.1 5.2 1 2 0.74 28.88  0.6 1.6 7.5 5.6 1 2 0.39 29.95 8283
963 Invesco India Banking & PSU Debt  0.7 1.3 6.1 3.3 16 19 0.70 1989.30  0.7 1.4 6.6 3.8 15 19 0.28 2119.84 117
964 ITI Banking & PSU Debt  0.5 1.2 6.1 4.5 19 4 0.70 11.53  0.5 1.4 6.7 5.1 13 3 0.15 11.73 30
965 Kotak Banking & PSU Debt  0.7 1.5 6.4 4.6 9 3 0.81 57.55  0.7 1.6 6.9 5.1 7 4 0.37 59.60 6016
966 LIC MF Banking & PSU Debt  0.6 1.2 6.2 3.9 13 16 0.78 30.65  0.7 1.3 6.7 4.4 12 13 0.28 32.79 1111
967 Mirae Asset Banking and PSU Debt  0.6 1.1 6.0 3.9 20 15 0.82 11.43  0.6 1.2 6.5 4.4 20 15 0.39 11.60 80
968 Nippon Ind Banking & PSU Debt  0.6 1.2 6.5 4.4 6 8 0.74 18.27  0.7 1.3 6.9 4.9 4 7 0.36 18.84 5279
969 SBI Banking and PSU  0.5 1.2 6.3 3.8 12 17 0.81 2748.65  0.5 1.4 6.8 4.3 10 16 0.34 2900.34 4420
970 Sundaram Banking & PSU Debt  0.6 1.4 6.5 4.1 8 14 0.39 37.84  0.6 1.4 6.6 4.2 14 17 0.23 38.29 358
971 Tata Banking & PSU Debt  0.6 1.2 6.3 4.1 10 12 0.72 12.66  0.6 1.3 6.8 4.7 9 12 0.25 12.93 249
972 TRUSTMF Banking & PSU Debt  0.6 1.5 6.5 - 7 - 0.71 1126.16  0.6 1.6 7.0 - 2 - 0.21 1142.19 351
973 UTI Banking & PSU  0.6 1.2 6.2 6.3 15 1 0.57 19.33  0.6 1.3 6.5 6.6 17 1 0.24 19.59 945
Debt: Floater 0.6 1.5 7.1 5.0 12 8 0.6 1.6 7.5 5.5 12 8
974 ABSL Floating Rate  0.5 1.6 7.4 5.2 5 4 0.45 307.39  0.6 1.6 7.6 5.4 6 5 0.23 314.83 13079
975 Axis Floater  0.8 1.3 6.4 - 12 - 0.53 1123.60  0.9 1.3 6.8 - 12 - 0.20 1134.07 303
976 Bandhan Floating Rate  0.5 1.4 6.6 - 11 - 0.83 11.35  0.5 1.5 7.1 - 11 - 0.35 11.50 206
977 Baroda BNP Paribas Floater NR 0.6 1.6 - - - - 0.64 10.46 NR 0.6 1.7 - - - - 0.24 10.49 41
978 DSP Floater  0.7 1.4 7.6 - 1 - 0.48 11.50  0.8 1.5 7.9 - 3 - 0.22 11.58 1011
979 Franklin Ind Floating Rate  0.6 1.7 7.3 4.9 6 5 0.91 35.83  0.7 1.8 8.1 5.6 2 3 0.29 38.66 364
980 HDFC Floating Rate Debt  0.5 1.6 7.5 5.4 3 1 0.48 43.91  0.5 1.6 7.7 5.7 5 2 0.26 44.63 16420
981 ICICI Pru Floating Interest  0.5 1.5 7.5 5.3 4 2 1.27 374.99  0.5 1.7 8.2 6.0 1 1 0.61 405.48 11182
982 Kotak Floating Rate  0.6 1.6 7.0 4.8 8 6 0.62 1328.28  0.6 1.7 7.5 5.3 7 6 0.22 1351.05 5490
983 Nippon Ind Floating Rate  0.5 1.5 7.0 4.8 7 7 0.58 39.68  0.6 1.6 7.4 5.2 8 7 0.31 41.56 7850
984 SBI Floating Rate Debt  0.5 1.7 7.5 5.3 2 3 0.46 11.73  0.6 1.8 7.8 5.5 4 4 0.26 11.81 2157
985 Tata Floating Rate  0.5 1.5 6.8 - 9 - 0.73 11.29  0.6 1.6 7.2 - 10 - 0.30 11.41 270
986 UTI Floater  0.5 1.5 6.7 4.4 10 8 0.85 1336.54  0.5 1.6 7.2 5.1 9 8 0.35 1388.70 1423
Debt: Gilt 0.8 0.7 5.9 3.5 24 22 0.9 0.9 6.6 4.3 22 20
987 ABSL Govt Securities  0.9 0.7 6.0 3.8 9 7 1.11 70.87  0.9 0.9 6.7 4.5 9 8 0.46 75.37 1634
988 Axis Gilt  0.9 1.0 5.8 3.6 12 9 0.80 22.02  0.9 1.1 6.4 4.2 12 9 0.40 23.34 213
989 Bandhan GSF Investment  0.9 0.4 5.5 3.1 18 18 1.25 30.42  1.0 0.6 6.2 3.7 18 18 0.63 32.56 1407
990 Baroda BNP Paribas Gilt  0.8 0.5 6.5 3.3 3 13 0.45 36.77  0.9 0.6 6.9 3.9 6 14 0.14 40.15 1225
991 Canara Robeco Gilt  0.9 0.5 5.6 3.2 16 16 1.25 66.22  1.0 0.7 6.4 4.0 13 12 0.50 70.51 101
992 DSP Govt Securities  0.8 0.2 5.8 3.9 11 4 1.12 82.70  0.8 0.3 6.4 4.5 11 7 0.55 87.28 694
993 Edelweiss Govt Securities  1.0 0.6 5.1 4.0 22 3 1.15 21.32  1.0 0.8 5.8 4.7 21 5 0.48 22.44 134
994 Franklin Ind Govt Securities  0.7 1.2 4.9 3.3 23 12 1.03 52.20  0.8 1.3 5.4 3.8 22 17 0.57 56.73 129
995 HDFC Gilt  0.9 1.0 6.3 3.5 5 10 0.89 48.35  0.9 1.1 6.7 3.9 8 15 0.46 50.54 2357
996 HSBC Gilt  0.9 0.6 4.5 2.4 24 22 1.70 58.27  1.0 0.9 5.8 3.7 20 19 0.48 65.55 212
997 ICICI Pru Gilt  0.7 1.4 7.8 5.1 1 1 1.09 90.03  0.7 1.5 8.3 5.7 1 1 0.56 96.21 4379
998 Invesco Ind Gilt  0.8 0.6 5.4 2.8 21 21 1.25 2455.04  0.9 0.8 6.3 3.6 15 20 0.48 2683.09 23
CCIL All Sovereign Bond - TRI 1.2 0.6 6.9 4.0
CCIL T Bill Liquidity Weight 0.4 1.1 4.4 2.9
All data as on November 30, 2023. *ETFs and index funds are excluded here. They have been included in their respective scoreboards. AUM as on October 31, 2023.

Mutual Fund Insight January 2024 77

Subscription copy of [[email protected]]. Redistribution prohibited.
 SCOREBOARD DEBT
REGULAR DIRECT
Return (%) Rank Return (%) Rank Assets
No Fund Name Rating 1M 3M 1Y 3Y 1 Y 3 Y Expense NAV Rating 1M 3M 1Y 3Y 1 Y 3 Y Expense NAV (` Cr)

Debt: Gilt 0.8 0.7 5.9 3.5 24 22 0.9 0.9 6.6 4.3 22 20
999 Kotak Gilt Investment  0.9 0.9 6.3 3.9 6 5 1.47 85.08  1.0 1.2 7.4 5.0 4 3 0.43 95.02 2882
1000 LIC MF Gilt  0.7 0.5 5.5 3.0 20 19 1.48 52.52  0.8 0.7 6.3 3.8 17 16 0.76 57.20 46
1001 Motilal Oswal 5 Year G-Sec FoF  1.0 1.2 6.3 - 4 - 0.20 10.88  1.0 1.3 6.4 - 14 - 0.13 10.90 18
1002 Nippon Ind Gilt Securities  0.9 0.7 5.7 3.2 15 15 1.40 33.28  0.9 0.9 6.5 4.2 10 10 0.63 37.07 1560
1003 PGIM Ind Gilt  0.8 0.8 5.7 3.5 13 11 1.46 26.44  0.9 1.0 6.8 4.6 7 6 0.45 28.16 127
1004 Quant Gilt NR 0.7 0.7 - - - - 1.41 10.54 NR 0.7 1.0 - - - - 0.51 10.63 57
1005 SBI Magnum Gilt  0.8 1.1 7.0 4.7 2 2 0.94 57.71  0.9 1.2 7.5 5.2 2 2 0.46 60.66 7715
1006 Tata GSF  0.9 0.3 6.1 3.2 8 17 1.65 68.35  1.0 0.6 7.0 4.0 5 11 0.48 75.15 286
1007 Union Gilt NR 0.9 0.7 5.5 - 17 - 1.14 10.70 NR 0.9 0.9 6.1 - 19 - 0.52 10.78 117
1008 UTI Gilt  0.8 0.7 6.0 3.7 10 8 0.93 54.82  0.8 0.7 6.3 3.9 16 13 0.67 56.52 554
Debt: Gilt with 10 yr Constant Duration 1.0 0.6 6.4 3.1 5 4 1.0 0.7 6.7 3.3 5 4
1009 Bandhan GSF Constant Mtrty Plan NR 1.0 0.6 6.2 3.0 5 3 0.52 39.08 NR 1.0 0.6 6.4 3.1 5 3 0.30 39.59 299
1010 DSP 10Y G-Sec NR 1.0 0.7 6.7 2.6 2 4 0.50 18.85 NR 1.1 0.7 6.9 2.8 1 4 0.31 19.25 50
1011 ICICI Pru Constant Mtrty Gilt NR 1.1 0.7 6.7 3.6 1 1 0.39 21.20 NR 1.1 0.7 6.8 3.8 2 1 0.23 21.62 2273
1012 SBI Magnum Constant Mtrty NR 1.0 0.6 6.3 3.4 3 2 0.64 54.93 NR 1.0 0.7 6.7 3.7 4 2 0.31 56.82 1519
1013 UTI Gilt Fund with 10Y Const Duration NR 1.0 0.6 6.3 - 4 - 0.70 10.89 NR 1.1 0.7 6.8 - 3 - 0.23 10.96 171
Commodities: Gold 2.3 5.0 17.7 7.3 13 10 2.4 5.1 18.1 7.6 13 10
1014 ABSL Gold  2.5 5.0 17.6 7.3 7 5 0.51 18.77  2.6 5.1 18.0 7.7 5 4 0.15 19.40 282
1015 Axis Gold  2.4 5.2 18.1 7.7 3 1 0.50 18.84  2.4 5.3 18.3 7.9 4 1 0.17 20.41 352
1016 DSP Gold ETF FoF NR - - - - - - 1.00 10.23 NR - - - - - - 0.57 10.23 -
1017 Edelweiss Gold and Silver ETF FoF NR 3.5 3.4 19.7 - 1 - 0.63 12.72 NR 3.5 3.5 20.2 - 1 - 0.20 12.78 89
1018 HDFC Gold  1.9 4.9 17.2 7.2 12 6 0.50 19.23  1.9 5.0 17.6 7.6 12 5 0.18 20.04 1641
1019 ICICI Pru Regular Gold Svngs (FOF)  2.2 5.3 17.5 7.1 8 8 0.36 19.90  2.2 5.4 17.9 7.4 8 8 0.09 20.52 736
1020 Invesco Ind Gold  2.3 5.3 16.8 7.0 13 9 0.45 18.24  2.3 5.4 17.1 7.4 13 9 0.20 18.86 64
1021 Kotak Gold  2.0 5.4 17.3 7.2 10 7 0.50 24.82  2.0 5.5 17.7 7.6 10 6 0.15 26.00 1550
1022 LIC MF Gold ETF FoF  1.9 5.5 17.3 7.5 11 2 0.67 16.77  2.0 5.6 17.8 7.9 9 2 0.26 17.55 45
1023 Motilal Oswal Gold and Silver ETFs FoF NR 3.0 4.1 18.2 - 2 - 0.51 12.34 NR 3.0 4.3 18.7 - 2 - 0.16 12.39 33
1024 Nippon Ind Gold Svngs  2.1 5.5 17.4 7.0 9 10 0.35 24.68  2.1 5.5 17.7 7.3 11 10 0.13 25.72 1557
1025 Quantum Gold Svngs  2.2 5.3 17.7 7.3 5 4 0.21 24.30  2.2 5.3 17.9 7.5 7 7 0.06 24.51 93
1026 SBI Gold  2.3 5.1 17.6 7.4 6 3 0.42 18.82  2.3 5.2 18.0 7.8 6 3 0.10 19.64 1461
1027 UTI Gold ETF FoF NR 2.3 5.6 17.8 - 4 - 0.56 12.21 NR 2.4 5.7 18.3 - 3 - 0.10 12.28 82
Debt: Target Maturity 0.8 1.3 6.3 4.7 5 3 0.8 1.3 6.4 4.7 5 3
1028 Axis Nifty AAA + SDL Apr 26 5050 ETF FoF NR 0.6 1.5 6.4 - 3 - 0.22 10.87 NR 0.6 1.5 6.6 - 2 - 0.07 10.91 289
1029 Bhrt Bond ETF FOF-April 2032 NR 0.8 1.3 6.5 - 2 - 0.06 10.97 NR 0.8 1.3 6.5 - 3 - 0.06 10.97 4171
1030 Bhrt Bond ETF FOF-April 2033 NR 1.0 1.2 - - - - 0.06 10.68 NR 1.0 1.2 - - - - 0.06 10.68 1927
1031 Bhrt Bond FOF-April 2025 NR 0.6 1.4 6.6 4.4 1 3 0.06 11.64 NR 0.6 1.4 6.6 4.4 1 3 0.06 11.64 5004
1032 Bhrt Bond FOF-April 2030 NR 0.9 1.5 6.3 5.0 4 1 0.06 13.08 NR 0.9 1.5 6.3 5.0 4 1 0.06 13.08 6599
1033 Bhrt Bond FOF-April 2031 NR 0.8 1.1 5.9 4.6 5 2 0.06 11.65 NR 0.8 1.1 5.9 4.6 5 2 0.06 11.65 4440
CCIL All Sovereign Bond - TRI 1.2 0.6 6.9 4.0
CCIL T Bill Liquidity Weight 0.4 1.1 4.4 2.9
Domestic Price of Gold Index 2.2 5.4 17.8 8.5
All data as on November 30, 2023. *ETFs and index funds are excluded here. They have been included in their respective scoreboards. AUM as on October 31, 2023.

SCOREBOARD INDEX
360 ONE Balanced Hybrid,541 360 ONE Quant,315 ABSL Banking & Fin Srvcs,259 ABSL Dividend Yld,369
360 ONE Dyn Bond,890 Aditya Birla SL Active Debt Multi Manager FoF,891 ABSL Banking & PSU Debt,951 ABSL Dyn Bond,892
360 ONE ELSS Tax Saver Nifty 50 Index,221 ABSL Arbitrage,601 ABSL Business Cycle,316 ABSL ELSS Tax Relief 96,222
360 ONE FlexiCap,68 ABSL Asset Allocator FoF,661 ABSL Corp Bond,915 ABSL Eqt Advtg,42
360 ONE Focused Eqt,69 ABSL Bal Bhavishya Yojna,70 ABSL Credit Risk,937 ABSL Eqt Hybrid ‘95,495
360 ONE Liquid,796 ABSL Balanced Advtg,628 ABSL Digital Ind,307 ABSL Eqt Svngs,579

78 Mutual Fund Insight January 2024

Subscription copy of [[email protected]]. Redistribution prohibited.

ABSL ESG,486 Axis Treasury Advtg ,753 Baroda BNP Paribas Low Duration,755 Edelweiss ELSS Tax Saver ,229
ABSL Fin Planning FOF Agrsv,662 Axis Ultra ST,773 Baroda BNP Paribas Medium Duration,715 Edelweiss Emrgng Mkt Opp Eqt Offshr,420
ABSL Fin Planning FOF Cons,663 Axis Value ,199 Baroda BNP Paribas Midcap,146 Edelweiss Eqt Svngs,584
ABSL Fin Planning FOF Moderate Plan,664 Bajaj Finserv Liquid,799 Baroda BNP Paribas Money Mkt,836 Edelweiss Eur Dyn Eqt Offshr ,421
ABSL Flexi Cap ,71 Bajaj Finserv Overnight,857 Baroda BNP Paribas Multi Asset,668 Edelweiss Flexi Cap ,86
ABSL Floating Rate,974 Bajaj FinSrv Arbtg,603 Baroda BNP Paribas Multi Cap,467 Edelweiss Focused Eqt,87
ABSL Focused,1 Bajaj FinSrv Banking and PSU,953 Baroda BNP Paribas Overnight,860 Edelweiss Gold and Silver ETF FoF,1017
ABSL Frontline Eqt ,2 Bajaj FinSrv Flexi Cap,76 Baroda BNP Paribas SD,733 Edelweiss Govt Securities ,993
ABSL Global Emrgng Opp ,402 Bajaj FinSrv Money Mkt,834 Baroda BNP Paribas Small Cap,176 Edelweiss Grtr China Eqt Off-shore,422
ABSL Global Excellence Eqt FoF,403 Bandhan All Seasons Bond,730 Baroda BNP Paribas Ultra SD,776 Edelweiss Large & Mid Cap,49
ABSL Gold,1014 Bandhan Arbtg,604 Baroda BNP Paribas Value,201 Edelweiss Large Cap,9
ABSL Govt Securities,987 Bandhan Asset Allocation Agrssv,500 Canara Robeco Banking and PSU Debt,956 Edelweiss Liquid ,805
ABSL Income,699 Bandhan Asset Allocation Cons,551 Canara Robeco Bluechip Eqt,7 Edelweiss Mid Cap,149
ABSL Ind GenNext,389 Bandhan Asset Allocation Moderate,542 Canara Robeco Cons Hybrid,555 Edelweiss Money Mkt,838
ABSL Infrastructure,276 Bandhan Balanced Advtg,631 Canara Robeco Consumer Trends,391 Edelweiss Multi Asset Allocation,670
ABSL Intl Eqt,404 Bandhan Banking & PSU Debt,954 Canara Robeco Corp Bond,920 Edelweiss Multi Cap,469
ABSL Liquid,797 Bandhan Bond Fund Incm Plan,700 Canara Robeco Dyn Bond,897 Edelweiss Overnight,863
ABSL Long Duration,692 Bandhan Bond Fund Medium Term Plan,714 Canara Robeco ELSS Tax Saver,227 Edelweiss Recently Listed IPO ,326
ABSL Low Duration,752 Bandhan Bond Fund ST Plan,731 Canara Robeco Emrgng Equities ,47 Edelweiss Small Cap,179
ABSL Manufacturing Eqt,317 Bandhan Core Eqt,44 Canara Robeco Eqt Hybrid,505 Edelweiss US Tech Eqt FoF,423
ABSL Medium Term ,712 Bandhan Corp Bond,918 Canara Robeco Flexi Cap ,82 Edelweiss US Value Eqt Offshr ,424
ABSL Mid Cap,143 Bandhan Credit Risk,939 Canara Robeco Focused Eqt ,83 Franklin Asian Eqt ,425
ABSL MNC,378 Bandhan Dyn Bond,895 Canara Robeco Gilt,991 Franklin Build Ind,281
ABSL Money Manager,832 Bandhan ELSS Tax Saver,224 Canara Robeco Income,701 Franklin Ind Balanced Advtg,636
ABSL Multi Asset Allocation,665 Bandhan Eqt Svngs,581 Canara Robeco Infrastructure,279 Franklin Ind Banking & PSU Debt,959
ABSL Multi-Cap,463 Bandhan Fin Srvices,260 Canara Robeco Liquid ,803 Franklin Ind Bluechip ,10
ABSL Multi-Index FoF,666 Bandhan Flexi Cap,77 Canara Robeco Mid Cap,147 Franklin Ind Corp Debt,922
ABSL NASDAQ 100 FOF,405 Bandhan Floating Rate,976 Canara Robeco Multi Cap,468 Franklin Ind Debt Hybrid,557
ABSL Overnight,855 Bandhan Focused Eqt,78 Canara Robeco Overnight,861 Franklin Ind Dyn Asset Alloc FoF,637
ABSL Pharma & Helthcr,295 Bandhan GSF Constant Mtrty Plan,1009 Canara Robeco Savings,756 Franklin Ind Eqt Advtg,50
ABSL PSU Eqt,385 Bandhan GSF Investment,989 Canara Robeco SD,734 Franklin Ind Eqt Hybrid,508
ABSL Pure Value ,198 Bandhan Hybrid Eqt,501 Canara Robeco Small Cap,177 Franklin Ind Eqt Svngs,585
ABSL Regular Svngs,547 Bandhan Infra,277 Canara Robeco Ultra ST,777 Franklin Ind Feeder Franklin US Opp,426
ABSL Retrmnt 30s,72 Bandhan Large Cap,4 Canara Robeco Value ,202 Franklin Ind Feeder Templtn Europn Opp,427
ABSL Retrmnt 40s,496 Bandhan Liquid,800 DSP 10Y G-Sec,1010 Franklin Ind Flexi Cap ,88
ABSL Retrmnt 50s,548 Bandhan Low Duration,754 DSP Arbitrage,607 Franklin Ind Floating Rate,979
ABSL Retrmnt 50s + Debt,916 Bandhan Midcap,145 DSP Banking & PSU Debt ,957 Franklin Ind Focused Eqt,89
ABSL Savings,772 Bandhan Money Manager,835 DSP Bond ,716 Franklin Ind Govt Securities,994
ABSL Short Term,728 Bandhan Multi Cap,465 DSP Corp Bond,921 Franklin Ind Liquid,806
ABSL Small Cap,172 Bandhan Overnight,858 DSP Credit Risk,942 Franklin Ind Multi Asset Solution FoF,671
ABSL Special Opp,318 Bandhan Regular Svngs,552 DSP Dyn Asset Allocation,634 Franklin Ind Opp ,327
ABSL Transportation and Logistics,319 Bandhan Retrmnt,502 DSP ELSS Tax Saver,228 Franklin Ind Overnight,864
Axis All Seasons Debt FoF,893 Bandhan Small Cap,174 DSP Eqt & Bond,506 Franklin Ind Pension ,543
Axis Arbitrage,602 Bandhan Sterling Value,200 DSP Eqt Opp,48 Franklin Ind Prima ,150
Axis Balanced Advtg,629 Bandhan Transportation and Logistics,323 DSP Eqt Svngs,583 Franklin Ind Smaller Companies,180
Axis Banking & PSU Debt,952 Bandhan Ultra ST,774 DSP Flexi Cap ,84 Franklin Ind Taxshield ,230
Axis Bluechip,3 Bandhan US Eqt FoF,410 DSP Floater ,978 Franklin Ind Tech,308
Axis Business Cycles,320 Bank of Ind Arbtg,605 DSP Focus,85 Franklin India Money Mkt,839
Axis Children’s Gift,497 Bank of Ind Balanced Advtg,632 DSP Global Allocation,412 Templeton Ind Eqt Incm,376
Axis Corp Debt,917 Bank of Ind Bluechip,5 DSP Global Innovation FoF,413 Templeton Ind Value,218
Axis Credit Risk,938 Bank of Ind Cons Hybrid,553 DSP Gold ETF FoF,1016 Groww Agrssv Hybrid,509
Axis Dyn Bond,894 Bank of Ind Credit Risk,940 DSP Govt Securities ,992 Groww Dyn Bond,899
Axis Eqt ETFs FoF,73 Bank of Ind Flexi Cap,79 DSP Healthcare,296 Groww ELSS Tax Saver,231
Axis Eqt Hybrid,498 Bank of Ind Large & Mid Cap Eqt,45 DSP Liquidity ,804 Groww Large Cap,11
Axis Eqt Saver,580 Bank of Ind Liquid,801 DSP Low Duration,757 Groww Liquid,807
Axis ESG Eqt ,487 Bank of Ind Manufacturing & Infra,278 DSP Midcap,148 Groww Overnight,865
Axis Flexi Cap ,74 Bank of Ind Mid & Small Cap Eqt & Debt,503 DSP Multi Asset Allocation,669 Groww SD,736
Axis Floater ,975 Bank of Ind Multi Cap,466 DSP Natural Rsrcs and New Energy,383 Groww Value,204
Axis Focused 25,75 Bank of Ind Overnight,859 DSP Overnight,862 HDFC Arbitrage,609
Axis Gilt,988 Bank of Ind Small Cap,175 DSP Quant,325 HDFC Asset Allocator FoF,672
Axis Global Eqt Alpha FoF,406 Bank of Ind ST Incm,732 DSP Regular Svngs,556 HDFC Balanced Advtg,638
Axis Global Innovation FoF,407 Bank of Ind Tax Advtg,225 DSP Savings,837 HDFC Banking & Fin Srvcs,262
Axis Gold,1015 Bank of Ind Ultra SD,775 DSP Short-Term,735 HDFC Banking and PSU Debt,960
Axis Growth Opp,43 Baroda BNP Paribas Agrssv Hybrid,504 DSP Small Cap,178 HDFC Business Cycle,328
Axis Grtr China Eqt FoF,408 Baroda BNP Paribas Aqua FoF,411 DSP Strategic Bond ,898 HDFC Capital Builder Value,205
Axis Liquid ,798 Baroda BNP Paribas Arbtg,606 DSP T.I.G.E.R. ,280 HDFC Children’s Gift,510
Axis Long Duration,693 Baroda BNP Paribas Balanced Advtg,633 DSP Top 100 Eqt ,8 HDFC Corp Bond,923
Axis LT Eqt ,223 Baroda BNP Paribas Banking & Fin Srvcs,261 DSP Ultra Short,778 HDFC Credit Risk Debt,943
Axis Midcap,144 Baroda BNP Paribas Banking & PSU Bond,955 DSP US Flexible Eqt,414 HDFC Defence,329
Axis Money Mkt,833 Baroda BNP Paribas Business Cycle,324 DSP Value ,203 HDFC Developed World Indexes FoF,428
Axis Multi Asset Allocation,667 Baroda BNP Paribas Cons Hybrid,554 DSP World Agriculture,415 HDFC Dividend Yld ,370
Axis Multicap,464 Baroda BNP Paribas Corp Bond,919 DSP World Energy ,416 HDFC Dyn Debt,900
Axis NASDAQ 100 FoF,409 Baroda BNP Paribas Credit Risk,941 DSP World Gold FoF,417 HDFC Dyn PE Ratio FoF,639
Axis Nifty AAA + SDL Apr 26 5050 ETF FoF,1028 Baroda BNP Paribas Dyn Bond,896 DSP World Mining ,418 HDFC ELSS Tax Saver,232
Axis Overnight,856 Baroda BNP Paribas ELSS,226 Edelweiss Agrssv Hybrid,507 HDFC Eqt Svngs,586
Axis Quant ,321 Baroda BNP Paribas Eqt Svngs,582 Bhrt Bond ETF FOF-April 2032,1029 HDFC Flexi Cap ,90
Axis Regular Saver,549 Baroda BNP Paribas Flexi Cap,80 Bhrt Bond ETF FOF-April 2033,1030 HDFC Floating Rate Debt,980
Axis Retrmnt Svngs-Agrssv Plan,499 Baroda BNP Paribas Floater,977 Bhrt Bond FOF-April 2025,1031 HDFC Focused 30,91
Axis Retrmnt Svngs-Cons Plan,550 Baroda BNP Paribas Focused,81 Bhrt Bond FOF-April 2030,1032 HDFC Gilt,995
Axis Retrmnt Svngs-Dynamic Plan,630 Baroda BNP Paribas Gilt,990 Bhrt Bond FOF-April 2031,1033 HDFC Gold,1018
Axis Small Cap ,173 Baroda BNP Paribas Ind Consmpn,390 Edelweiss Arbitrage,608 HDFC Hsng Opp ,330
Axis Special Situations ,322 Baroda BNP Paribas Large & Mid Cap,46 Edelweiss ASEAN Eqt Off Shore,419 HDFC Hybrid Debt,558
Axis ST,729 Baroda BNP Paribas Large Cap,6 Edelweiss Balanced Advtg,635 HDFC Hybrid Eqt,511
Axis Strategic Bond,713 Baroda BNP Paribas Liquid,802 Edelweiss Banking & PSU Debt,958 HDFC Income,702

Mutual Fund Insight January 2024 79

Subscription copy of [[email protected]]. Redistribution prohibited.
 SCOREBOARD INDEX
HDFC Infrastructure ,282 ICICI Pru Exports & Srvces,335 ITI Banking & PSU Debt ,964 LIC MF Flexi Cap ,109
HDFC Large and Mid Cap ,51 ICICI Pru Flexicap,96 ITI Banking and Fin Srvices,265 LIC MF Focused 30 Eqt,23
HDFC Liquid ,808 ICICI Pru Floating Interest,981 ITI Cons Hybrid,565 LIC MF Gilt,1000
HDFC Long Duration Debt,694 ICICI Pru FMCG ,336 ITI Dyn Bond,903 LIC MF Gold ETF FoF,1022
HDFC Low Duration,758 ICICI Pru Focused Eqt,97 ITI ELSS Tax Saver,236 LIC MF Helthcr,300
HDFC Medium Term Debt,717 ICICI Pru Gilt,997 ITI Flexi Cap,104 LIC MF Infrastructure ,287
HDFC Mid-Cap Opp ,151 ICICI Pru Global Advtg (FOF),433 ITI Focused Eqt,105 LIC MF Large & Mid Cap,56
HDFC MNC,379 ICICI Pru Global Stable Eqt (FOF),434 ITI Large Cap ,19 LIC MF Large Cap,24
HDFC Money Mkt,840 ICICI Pru Hsng Opp,337 ITI Liquid,812 LIC MF Liquid ,815
HDFC Multi Asset,673 ICICI Pru Incm Optimizer (FOF),562 ITI Mid Cap ,155 LIC MF Low Duration,764
HDFC Multi Cap,470 ICICI Pru Ind Eqt FOF,98 ITI Multi Cap,474 LIC MF LT Value,212
HDFC Non-Cyclical Consumer,392 ICICI Pru Ind Opp,338 ITI Overnight,871 LIC MF Medium to Long Duration Bond,708
HDFC Overnight,866 ICICI Pru Infra ,284 ITI Pharma and Helthcr,299 LIC MF Midcap,158
HDFC Pharma And Helthcr,297 ICICI Pru Innovation,339 ITI Small Cap ,185 LIC MF Money Mkt,845
HDFC Retrmnt Svngs Eqt,92 ICICI Pru Large & Mid Cap,53 ITI Ultra SD ,783 LIC MF Multi Cap,476
HDFC Retrmnt Svngs Hybrid Debt,559 ICICI Pru Liquid,810 ITI Value ,209 LIC MF Overnight,874
HDFC Retrmnt Svngs Hybrid Eqt,512 ICICI Pru LT Bond,695 JM Agrssv Hybrid,519 LIC MF SD,743
HDFC Small Cap,181 ICICI Pru Manufacturing ,340 JM Arbitrage,614 LIC MF Small Cap,187
HDFC ST Debt,737 ICICI Pru Medium Term Bond,719 JM Dyn Bond,904 LIC MF ULIS ,523
HDFC Tech,309 ICICI Pru Midcap ,153 JM ELSS Tax Saver,237 LIC MF Ultra SD,785
HDFC Top 100,12 ICICI Pru MNC,380 JM Flexicap ,106 Mahindra Manulife Agrssv Hybrid,524
HDFC Transportation and Logistics,331 ICICI Pru Money Mkt,842 JM Focused,20 Mahindra Manulife Arbtg,617
HDFC Ultra ST,779 ICICI Pru Multi Asset,676 JM Large Cap,21 Mahindra Manulife Asia Pacific REITs,445
Helios Flexi Cap,93 ICICI Pru Multicap,472 JM Liquid,813 Mahindra Manulife Balanced Advtg,646
Helios Overnight,867 ICICI Pru Nifty Alpha Low-Vol 30 ETF FOF,16 JM Low Duration,762 Mahindra Manulife Business Cycle,348
HSBC Agrssv Hybrid,513 ICICI Pru Nifty Low Vol 30 ETF FOF,17 JM Medium to Long Duration,706 Mahindra Manulife Consmpn,349
HSBC Arbtg,610 ICICI Pru Overnight,869 JM Midcap,156 Mahindra Manulife Dyn Bond,907
HSBC Asia Pacific (ExJapan) Div Yld,429 ICICI Pru Passive Multi-Asset FoF,677 JM Overnight ,872 Mahindra Manulife ELSS Tax Saver,240
HSBC Balanced Advtg,640 ICICI Pru Passive Strategy (FOF),99 JM SD,741 Mahindra Manulife Eqt Svngs,592
HSBC Banking and PSU Debt,961 ICICI Pru Pharma Hlthcr & Diagn,298 JM Value,210 Mahindra Manulife Flexi Cap,110
HSBC Brazil,430 ICICI Pru PSU Eqt,386 Kotak All Weather Debt FOF,905 Mahindra Manulife Focused,111
HSBC Business Cycles,332 ICICI Pru Quant,341 Kotak Balanced Advtg,644 Mahindra Manulife Large & Mid Cap,57
HSBC Cons Hybrid,560 ICICI Pru Regular Gold Svngs (FOF),1019 Kotak Banking & Fin Srvices,266 Mahindra Manulife Large Cap,25
HSBC Consmpn,393 ICICI Pru Regular Svngs,563 Kotak Banking & PSU Debt,965 Mahindra Manulife Liquid,816
HSBC Corp Bond,924 ICICI Pru Retrmnt Hybrid Agrsv,517 Kotak Bluechip,22 Mahindra Manulife Low Duration,765
HSBC Credit Risk,944 ICICI Pru Retrmnt Hybrid Cons,564 Kotak Bond,707 Mahindra Manulife Mid Cap,159
HSBC Dyn Bond,901 ICICI Pru Retrmnt Pure Debt,720 Kotak Bond ST,742 Mahindra Manulife Multi Cap,477
HSBC ELSS Tax Saver,233 ICICI Pru Retrmnt Pure Eqt,100 Kotak Business Cycle,344 Mahindra Manulife Overnight,875
HSBC Eqt Svngs,587 ICICI Pru S&P BSE 500 ETF FOF,101 Kotak Consmpn,395 Mahindra Manulife SD,744
HSBC Flexi Cap ,94 ICICI Pru Savings,760 Kotak Corp Bond,927 Mahindra Manulife Small Cap,188
HSBC Focused,95 ICICI Pru Short Term,739 Kotak Credit Risk,947 Mahindra Manulife Ultra SD,786
HSBC Gilt,996 ICICI Pru Smallcap,183 Kotak Debt Hybrid,566 Mirae Asset Arbitrage,618
HSBC Global Emrgng Mkts,431 ICICI Pru Strategic Mtal & Enrgy Eqt FoF,435 Kotak Dyn Bond,906 Mirae Asset Balanced Advtg,647
HSBC Global Eqt Climate Change FoF,432 ICICI Pru Tech ,310 Kotak ELSS Tax Saver,238 Mirae Asset Banking and Fin Srvcs,268
HSBC Infra,283 ICICI Pru Thematic Advtg (FOF),342 Kotak Emrgng Eqt,157 Mirae Asset Banking and PSU Debt,967
HSBC Large and Mid Cap,52 ICICI Pru Transportation and Logistics,343 Kotak Eqt Arbtg ,615 Mirae Asset Cash Management ,817
HSBC Large Cap,13 ICICI Pru Ultra ST,781 Kotak Eqt Hybrid,520 Mirae Asset Corp Bond,928
HSBC Liquid,809 ICICI Pru US Bluechip Eqt,436 Kotak Eqt Opp,55 Mirae Asset Dyn Bond,908
HSBC Low Duration,759 ICICI Pru Value Discovery ,207 Kotak Eqt Svngs,590 Mirae Asset Emrgng Bluechip,58
HSBC Managed Solutions Ind Cons,561 Invesco (I) Global Eqt Incm FoF,437 Kotak ESG Opp ,490 Mirae Asset Eqt Allocator FoF,26
HSBC Managed Solutions Ind Growth,514 Invesco Ind Corp Bond,926 Kotak Flexicap ,107 Mirae Asset Eqt Svngs,593
HSBC Managed Solutions Ind Moderate,674 Invesco Ind Eqt & Bond,518 Kotak Floating Rate,982 Mirae Asset Flexi Cap,112
HSBC Medium Duration,718 Invesco Ind Eqt Svngs,589 Kotak Focused Eqt,108 Mirae Asset Focused,113
HSBC Medium to Long Duration,703 Invesco Ind Fin Srvices,264 Kotak Gilt Investment ,999 Mirae Asset Glob Elec & Aut Veh ETFs FoF,446
HSBC Midcap,152 Invesco Ind Flexi Cap,102 Kotak Global Emrgng Mkt,441 Mirae Asset Great Consumer,396
HSBC Money Mkt,841 Invesco Ind Focused 20 Eqt ,103 Kotak Global Innovation FoF,442 Mirae Asset Hang Seng TECH ETF FoF,447
HSBC Multi Cap,471 Invesco Ind Gilt,998 Kotak Gold,1021 Mirae Asset Healthcare,301
HSBC Overnight,868 Invesco Ind Global Consumer Trends,438 Kotak Ind EQ Contra,211 Mirae Asset Hybrid Eqt,525
HSBC SD,738 Invesco Ind Gold,1020 Kotak Infra & Eco Reform,286 Mirae Asset Large Cap,27
HSBC Small Cap,182 Invesco Ind Growth Opp,54 Kotak Intl REIT FOF,443 Mirae Asset Midcap,160
HSBC Ultra SD,780 Invesco Ind Infrastructure,285 Kotak Liquid ,814 Mirae Asset Money Mkt,846
HSBC Value,206 Invesco Ind Largecap,18 Kotak Low Duration,763 Mirae Asset Multicap,478
ICICI Pru All Seasons Bond,902 Invesco Ind Liquid ,811 Kotak Manufacture in India,345 Mirae Asset Nifty Ind Manftng ETF FoF,350
ICICI Pru Asset Allocator (FOF),675 Invesco Ind Medium Duration ,721 Kotak Medium Term,722 Mirae Asset Nifty100 ESG Sec Leaders FoF,491
ICICI Pru Balanced Advtg ,641 Invesco Ind Mid Cap ,154 Kotak Money Mkt,844 Mirae Asset NYSE FANG+ ETF FoF,448
ICICI Pru Banking & Fin Srvces,263 Invesco Ind Money Mkt,843 Kotak Multi Asset Allocation,678 Mirae Asset Overnight,876
ICICI Pru Banking & PSU Debt,962 Invesco Ind Multicap,473 Kotak Multi Asset Allocator FoF-Dyn,679 Mirae Asset S&P 500 Top 50 ETF FoF,449
ICICI Pru Bhrt 22 FOF,14 Invesco Ind Overnight,870 Kotak Multicap ,475 Mirae Asset Short Term,745
ICICI Pru Bhrt Consmpn,394 Invesco Ind PSU Eqt,387 Kotak Nasdaq 100 FOF,444 Mirae Asset Svngs,766
ICICI Pru Bluechip,15 Invesco Ind Short Term ,740 Kotak Overnight,873 Mirae Asset Tax Saver,241
ICICI Pru Bond,704 Invesco Ind Smallcap,184 Kotak Pioneer,346 Mirae Asset Ultra SD ,787
ICICI Pru Business Cycle,333 Invesco Ind Treasury Advtg,761 Kotak Quant,347 Mirae Asset X Arti Int & Tech ETF FoF,450
ICICI Pru Child Care Gift,515 Invesco Ind Ultra ST,782 Kotak Savings,784 Motilal Oswal 5 Year G-Sec FoF,1001
ICICI Pru Commodities,334 Invesco Ind-Invesco Pan European Eqt FoF,439 Kotak Small Cap,186 Motilal Oswal Asset Alloc Passive Agrssv,680
ICICI Pru Constant Mtrty Gilt,1011 Invesco Ind-Invsco EQQQ NSDQ-100 ETF FoF,440 LIC MF Agrssv Hybrid,521 Motilal Oswal Asset Alloc Passive Cons,681
ICICI Pru Corp Bond,925 Invesco India Arbtg ,612 LIC MF Arbitrage,616 Motilal Oswal Balance Advtg,648
ICICI Pru Credit Risk,945 Invesco India Balanced Advtg,642 LIC MF Balanced Advtg,645 Motilal Oswal Developed Mkt Ex US ETFs,451
ICICI Pru Debt Management (FOF),705 Invesco India Banking & PSU Debt,963 LIC MF Banking & Fin Srvices,267 Motilal Oswal ELSS Tax Saver,242
ICICI Pru Dividend Yld Eqt,371 Invesco India Contra ,208 LIC MF Banking & PSU Debt,966 Motilal Oswal Eqt Hybrid,526
ICICI Pru ELSS Tax Saver,234 Invesco India Credit Risk,946 LIC MF Children’s Gift,522 Motilal Oswal Flexi Cap ,114
ICICI Pru Eqt & Debt,516 Invesco India ELSS Tax Saver,235 LIC MF Conservative Hybrid,567 Motilal Oswal Focused,28
ICICI Pru Eqt Arbtg ,611 Invesco India ESG Eqt ,489 LIC MF Dividend Yld,372 Motilal Oswal Gold and Silver ETFs FoF,1023
ICICI Pru Eqt Svngs,588 ITI Arbitrage,613 LIC MF ELSS Tax Saver,239 Motilal Oswal Large and Midcap,59
ICICI Pru ESG,488 ITI Balanced Advtg,643 LIC MF Eqt Svngs,591 Motilal Oswal Liquid,818

80 Mutual Fund Insight January 2024

Subscription copy of [[email protected]]. Redistribution prohibited.

Motilal Oswal Midcap,161 Parag Parikh Liquid,821 SBI Retrmnt Benefit Cons Hybrid,575 Taurus Largecap Eqt,38
Motilal Oswal Multi Asset ,682 Parag Parikh Tax Saver,246 SBI Savings,849 TRUSTMF Banking & PSU Debt ,972
Motilal Oswal Nasdaq 100 FOF,452 Quant Absolute,530 SBI Small Cap,193 TRUSTMF Corp Bond,934
Motilal Oswal Ultra ST,788 Quant Active,480 SBI ST Debt,747 TRUSTMF Liquid ,828
Navi ELSS Tax Saver Nifty 50 Index,243 Quant BFSI,270 SBI Tech Opp,312 TRUSTMF Money Mkt,852
Navi Eqt Hybrid ,527 Quant Business Cycle,353 Shriram Agrssv Hybrid,534 TRUSTMF Overnight,887
Navi Flexi Cap ,115 Quant Dyn Asset Allocation,652 Shriram Balanced Advtg,654 TRUSTMF ST,750
Navi Large & Midcap ,60 Quant ESG Eqt ,492 Shriram Flexi Cap ,129 Union Arbitrage,626
Navi Liquid,819 Quant Flexi Cap,123 Shriram LT Eqt,252 Union Balanced Advtg,657
Navi NASDAQ 100 FoF,453 Quant Focused,32 Shriram Multi Asset Allocation,688 Union Corp Bond,935
Navi Overnight,877 Quant Gilt,1004 Shriram Overnight,884 Union Dyn Bond,913
Navi Regular Svngs ,568 Quant Healthcare,303 Sundaram Agrssv Hybrid,535 Union Eqt Svngs,599
Navi US Total Stock Mkt FoF,454 Quant Infrastructure,289 Sundaram Arbitrage,624 Union Flexi Cap ,137
Nippon Ind Arbtg,619 Quant Large & Mid Cap,62 Sundaram Balanced Advtg,655 Union Focused,138
Nippon Ind Asset Allocator FoF,683 Quant Large Cap,33 Sundaram Banking & PSU Debt,970 Union Gilt,1007
Nippon Ind Balanced Advtg,649 Quant Liquid ,823 Sundaram Consmpn,399 Union Hybrid Eqt ,538
Nippon Ind Banking & Fin Srvices,269 Quant Manufacturing,354 Sundaram Corp Bond,932 Union Innovation & Opp,366
Nippon Ind Banking & PSU Debt,968 Quant Mid Cap,164 Sundaram Debt Oriented Hybrid,576 Union Large & Midcap,66
Nippon Ind Consmpn,397 Quant Momentum,355 Sundaram Dividend Yld,374 Union Largecap,39
Nippon Ind Corp Bond,929 Quant Multi Asset,685 Sundaram ELSS Tax Saver,253 Union Liquid,829
Nippon Ind Credit Risk,948 Quant Overnight,881 Sundaram Eqt Svngs,597 Union Medium Duration ,726
Nippon Ind Dyn Bond,909 Quant Quantamental ,356 Sundaram Fin Srvices Opp,272 Union Midcap ,169
Nippon Ind ELSS Tax Saver ,244 Quant Small Cap,191 Sundaram Flexi Cap,130 Union Money Mkt,853
Nippon Ind Eqt Hybrid,528 Quant Tax Plan,248 Sundaram Focused,131 Union Multicap,484
Nippon Ind Eqt Svngs,594 Quant Teck,311 Sundaram Global Brand ,462 Union Overnight,888
Nippon Ind Flexi Cap,116 Quant Value,214 Sundaram Infra Advtg,291 Union Retrmnt,539
Nippon Ind Floating Rate,983 Quantum Dyn Bond,911 Sundaram Large & Midcap,64 Union Small Cap,196
Nippon Ind Focused Eqt,117 Quantum ELSS Tax Saver,249 Sundaram Large Cap,36 Union Tax Saver (ELSS),256
Nippon Ind Gilt Securities ,1002 Quantum Eqt FoF,124 Sundaram Liquid,826 Union Value Discovery,219
Nippon Ind Gold Svngs,1024 Quantum Gold Svngs,1025 Sundaram Low Duration,769 UTI Agrssv Hybrid,540
Nippon Ind Growth ,162 Quantum Ind ESG Eqt,493 Sundaram Medium Term Bond,725 UTI Arbitrage,627
Nippon Ind Hybrid Bond,569 Quantum Liquid ,824 Sundaram Midcap,166 UTI Balanced Advtg,658
Nippon Ind Income,709 Quantum LT Eqt Value,215 Sundaram Money Mkt,850 UTI Banking & Fin Srvces,275
Nippon Ind Innovation,351 Quantum Multi Asset FOFs,686 Sundaram Multi Cap,482 UTI Banking & PSU,973
Nippon Ind Japan Eqt,455 Quantum Nifty 50 ETF FoF,34 Sundaram Overnight,885 UTI Children’s Career Investment,139
Nippon Ind Large Cap,29 Quantum Small Cap,192 Sundaram SD,748 UTI Children’s Career Svngs,544
Nippon Ind Liquid,820 Samco Active Momentum,357 Sundaram Services,360 UTI Cons Hybrid,578
Nippon Ind Low Duration,767 Samco ELSS Tax Saver,250 Sundaram Small Cap,194 UTI Corp Bond,936
Nippon Ind Money Mkt,847 Samco Flexi Cap,125 Sundaram Ultra SD,792 UTI Credit Risk,950
Nippon Ind Multi Asset ,684 Samco Overnight,882 Tata Arbitrage,625 UTI Dividend Yld ,377
Nippon Ind Multi Cap,479 SBI Arbtg Opp ,623 Tata Balanced Advtg,656 UTI Dyn Bond,914
Nippon Ind Nifty Next 50 Junior BeES FoF,30 SBI Balanced Advtg ,653 Tata Banking & Fin Srvcs,273 UTI ELSS Tax Saver,257
Nippon Ind Nivesh Lakshya,696 SBI Banking & Fin Srvices,271 Tata Banking & PSU Debt,971 UTI Eqt Svngs,600
Nippon Ind Overnight,878 SBI Banking and PSU,969 Tata Business Cycle ,361 UTI Flexi Cap ,140
Nippon Ind Passive Flexicap FoF,118 SBI Bluechip ,35 Tata Corp Bond,933 UTI Floater,986
Nippon Ind Pharma ,302 SBI Cons Hybrid,572 Tata Digital Ind,313 UTI Focused,141
Nippon Ind Power & Infra,288 SBI Consmpn Opp,398 Tata Dividend Yld ,375 UTI Gilt,1008
Nippon Ind Quant,352 SBI Contra ,216 Tata ELSS Tax Saver,254 UTI Gilt Fund with 10Y Const Duration,1013
Nippon Ind Retrmnt Incm Generation,570 SBI Corp Bond,931 Tata Eqt PE ,217 UTI Gold ETF FoF,1027
Nippon Ind Retrmnt Wealth Creation,119 SBI Credit Risk,949 Tata Eqt Svngs,598 UTI Healthcare,306
Nippon Ind Short Term,746 SBI Dividend Yld,373 Tata Ethical ,362 UTI Ind Consumer ,401
Nippon Ind Small Cap,189 SBI Dyn Bond,912 Tata Flexi Cap ,132 UTI Infrastructure,294
Nippon Ind Strategic Debt,723 SBI Eqt Hybrid,531 Tata Floating Rate ,985 UTI Innovation,367
Nippon Ind Taiwan Eqt,456 SBI Eqt Minimum Variance,358 Tata Focused Eqt,133 UTI Large & Mid Cap,67
Nippon Ind Ultra SD,789 SBI Eqt Svngs,596 Tata GSF,1006 UTI Large Cap,40
Nippon Ind US Eqt Opp,457 SBI Flexicap ,126 Tata Hsng Opp,363 UTI Liquid,830
Nippon Ind Value,213 SBI Floating Rate Debt ,984 Tata Hybrid Eqt,536 UTI Long Duration,698
Nippon Ind Vision ,61 SBI Focused Eqt,127 Tata Ind Consumer,400 UTI Low Duration,771
NJ Arbtg,620 SBI Gold,1026 Tata Ind Pharma & Helthcr,305 UTI Medium Duration,727
NJ Balanced Advtg,650 SBI Helthcr Opp,304 Tata Infrastructure ,292 UTI Medium to Long Duration,711
NJ ELSS Tax Saver Scheme,245 SBI Infrastructure,290 Tata Large & Midcap,65 UTI Mid Cap ,170
NJ Flexi Cap,120 SBI Intl Access-US Eqt FoF,461 Tata Large Cap,37 UTI MNC ,382
NJ Overnight,879 SBI Large & Midcap,63 Tata Liquid,827 UTI Money Mkt,854
PGIM Ind Arbtg,622 SBI Liquid,825 Tata Midcap Growth ,167 UTI Multi Asset Allocation,690
PGIM Ind Balanced Advtg ,651 SBI Long Duration,697 Tata Money Mkt,851 UTI Overnight,889
PGIM Ind Corp Bond,930 SBI LT Eqt,251 Tata Multi Asset Opp ,689 UTI Retrmnt,545
PGIM Ind Dyn Bond,910 SBI Magnum Children’s Benefit Inv,532 Tata Multicap,483 UTI SD,751
PGIM Ind ELSS Tax Saver,247 SBI Magnum Children’s Benefit Svngs,573 Tata Nifty Ind Digital ETF FoF,314 UTI Small Cap ,197
PGIM Ind Emrgng Mkts,458 SBI Magnum COMMA ,359 Tata Overnight,886 UTI Transportation & Logistics,368
PGIM Ind Eqt Svngs,595 SBI Magnum Constant Mtrty,1012 Tata Quant ,364 UTI Ultra SD,794
PGIM Ind Flexi Cap,122 SBI Magnum Eqt ESG,494 Tata Resrcs & Energy,384 UTI Unit Linked Insurance Plan ,659
PGIM Ind Gilt,1003 SBI Magnum Gilt,1005 Tata Retrmnt Svngs Cons,577 UTI Value,220
PGIM Ind Glbl Selct Real Estate Sec FoF,459 SBI Magnum Global ,381 Tata Retrmnt Svngs Moderate,537 WhiteOak Capital Balanced Advtg,660
PGIM Ind Global Eqt Opp,460 SBI Magnum Incm ,710 Tata Retrmnt Svngs Progrsv,134 WhiteOak Capital Balanced Hybrid,546
PGIM Ind Hybrid Eqt,529 SBI Magnum Low Duration,768 Tata Small Cap,195 WhiteOak Capital ELSS Tax Saver,258
PGIM Ind Large Cap,31 SBI Magnum Medium Duration,724 Tata ST Bond,749 WhiteOak Capital Flexi Cap,142
PGIM Ind Liquid,822 SBI Magnum Midcap ,165 Tata Treasury Advtg,770 WhiteOak Capital Large Cap,41
PGIM Ind Midcap Opp,163 SBI Magnum Ultra SD,791 Tata Ultra ST,793 WhiteOak Capital Liquid,831
PGIM Ind Money Mkt,848 SBI Multi Asset Allocation,687 Tata Young Citizens ,135 WhiteOak Capital Mid Cap,171
PGIM Ind Overnight,880 SBI Multicap,481 Taurus Banking & Fin Srvices,274 WhiteOak Capital Multi Asset Allocation,691
PGIM Ind Small Cap,190 SBI Overnight,883 Taurus Discovery (Midcap),168 WhiteOak Capital Multi Cap,485
PGIM Ind Ultra SD,790 SBI PSU,388 Taurus ELSS Tax Saver,255 WhiteOak Capital Ultra ST,795
Parag Parikh Arbtg,621 SBI Retrmnt Benefit Agrssv,128 Taurus Ethical ,365
Parag Parikh Cons Hybrid ,571 SBI Retrmnt Benefit Agrssv Hybrid,533 Taurus Flexi Cap ,136
Parag Parikh Flexi Cap ,121 SBI Retrmnt Benefit Cons,574 Taurus Infrastructure,293

Mutual Fund Insight January 2024 81

Subscription copy of [[email protected]]. 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

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$%6/1LIW\,QGH[                
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$[LV1LIW\,QGH[ 15       15        
$[LV1LIW\1H[W,QGH[ 15       15        
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+')&1,)7<(TXDO:JKW,QGH[ 15       15        
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.RWDN1LIW\,QGH[ 15       15        
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All data as on November 30, 2023. Portfolio related data as on October 31, 2023. *See end of ‘Index Scoreboard’

82 Mutual Fund Insight January 2024

Subscription copy of [[email protected]]. 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*

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EQUITY: FLEXI CAP

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EQUITY: MID CAP

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EQUITY: SMALL CAP

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$[LV1LIW\6PDOOFDS,QGH[ 15       15        _
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All data as on November 30, 2023. Portfolio related data as on October 31, 2023. *See end of ‘Index Scoreboard’

Mutual Fund Insight January 2024 83

Subscription copy of [[email protected]]. 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*

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EQUITY: VALUE ORIENTED

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EQUITY: SECTORAL-TECHNOLOGY

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EQUITY: INTERNATIONAL

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$%6/&5,6,/,%;*LOW$SU,QGH[ 15       15        
$%6/&5,6,/,%;*LOW$SULO,QGH[ 15       15        a
All data as on November 30, 2023. Portfolio related data as on October 31, 2023. *See end of ‘Index Scoreboard’

84 Mutual Fund Insight January 2024

Subscription copy of [[email protected]]. 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*

$%6/&5,6,/,%;6'/-XQ,QGH[ 15       15        
$%6/&56O,%;6'/$$$368$SU 15       15        a
$%6/,%;6'/$$$368$SU 15       15        a
$%6/,%;6'/$$$368$SU 15       15        a
$%6/1LIW\6'/$SU,QGH[ 15       15        a
$%6/1LIW\6'/6HS,QGH[ 15       15        a
$%6/1LIW\6'/6HS,QGH[ 15       15        
$%6/6'/368%RQG6HS 15       15        a
$[LV&5,6,/,%;*LOW6'/-XQ 15       15        
$[LV&5,6,/,%;*LOW6'/6HS 15       15        
$[LV&5,6,/,%;&36(6'/$SO 15       15        a
$[LV&5,6,/,%;6'/0D\,QGH[ 15       15        a
$[LV1LIW\6'/6HSWHPEHU'HEW,QGH[ 15       15        a
%DQGKDQ&5,6,/,%;6'/*LOW$SU 15       15        
%DQGKDQ&5,6,/,%;6'/*LOW1RY 15       15        a
%DQGKDQ&5,6,/,%;6'/*LOW6HS 15       15        
%DQGKDQ&ULVLO,%;*LOW$SULO,QGH[ 15       15        a
%DQGKDQ&5,6,/,%;*LOW$SULO,QGH[ 15       15        
%DQGKDQ&ULVLO,%;*LOW$SULO,QGH[ 15       15        
%DQGKDQ&5,6,/,%;*LOW-XQH,QGH[ 15       15        
%DURGD%133DULEDV1LIW\6'/'HF 15       15        a
%DURGD%133DULEDV1,)7<6'/'HF 15       15        
'63&5,6,/6'/*6HF$SU,QG 15       15        
'631LIW\6'/3OXV*6HF-XQ 15       15        
'631LIW\6'/*6HF6HS,QGH[ 15       15        
(GHOZHLVV&5,6,/,%;*LOW6'/ 15       15        a
(GHOZHLVV&5,6,/,%;*LOW6'/ 15       15        
(GHOZHLVV&5,6,/,%;*LOW6'/ 15       15        
(GHOZHLVV&5,6,/3686'/2FW 15       15        a
(GHOZHLVV1,)7<368%RQG$SU 15       15        a
(GHOZHLVV1,)7<368%RQG$SU 15       15        a
+')&1,)7<*6HF$SU,QGH[ 15       15        
+')&1LIW\*VHF'HF,QGH[ 15       15        a
+')&1LIW\*6HF-XO\,QGH[ 15       15        
+')&1LIW\*6HF-XQ,QGH[ 15       15        
+')&1,)7<*6HF-XQ,QGH[ 15       15        
+')&1LIW\*6HF6HS,QGH[ 15       15        
+')&1LIW\6'/2FW,QGH[ 15       15        a
+')&1,)7<6'/*6HF-XQ,QG 15       15        
+6%&&5,6,/,%;*LOW6'/$SU 15       15        
+6%&&5,6,/,%;*LOW-XQH,QGH[ 15       15        
,&,&,3UX1LIW\*6HF'HF,QGH[ 15       15        

All data as on November 30, 2023. Portfolio related data as on October 31, 2023. *See end of ‘Index Scoreboard’

Mutual Fund Insight January 2024 85

Subscription copy of [[email protected]]. 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*

,&,&,3UX1LIW\6'/'HF,QGH[ 15       15        
,&,&,3UX1LIW\6'/6HS,QGH[ 15       15        a
,&,&,3UX1LIW\6'/6HS,QGH[ 15       15        
,&,&,3UX1W\3686'/6HS 15       15        
,QYHVFR,QG1LIW\*VHF-XO,QGH[ 15       15        
,QYHVFR,QG1LIW\*VHF6HS,QGH[ 15       15        
.RWDN1LIW\*6HF-XO\,QGH[ 15       15        
.RWDN1LIW\6'/$SU7RS(T:W 15       15        a
.RWDN1LIW\6'/$SU7RS(T:W 15       15        
.RWDN1LIW\6'/-XO,QGH[ 15       15        a
.RWDN1LIW\6'/-XO,QGH[ 15       15        
.RWDN1LIW\6'/$$$368%RQG 15       15        
0LUDH$VVHW&5,6,/,%;*LOW,QG[$SU 15       15        
0LUDH$VVHW1LIW\$$$368%RQG6'/$SU 15       15        a
0LUDH$VVHW1LIW\6'/-XQ,QGH[ 15       15        a
0LUDH$VVHW1LIW\6'/-XQH,QGH[ 15       15        
1L SSRQ,QG1LIW\$$$%QG6'/$SU 15       15        a
1L SSRQ,QG1LIW\$$$368%QG6'/6HS 15       15        a
1L SSRQ,QG1LIW\*6HF-XQ0WUW\ 15       15        
1L SSRQ,QG1LIW\*6HF2FW0WUW\ 15       15        
1L SSRQ,QG1LIW\*6HF6HS0WUW\ 15       15        
1L SSRQ,QG1LIW\6'/*6HF-XQ 15       15        
1L SSRQ,QG1LIW\6'/*6HF-XQ 15       15        
3*,0,QG&5,6,/,%;*LOW,QGH[$SU 15       15        
6%,&36(%RQG3OXV6'/6HS 15       15        a
6%,&5,6,/,%;*LOW,QGH[$SULO 15       15        
6%,&5,6,/,%;*LOW,QGH[-XQH 15       15        
6%,&5,6,/,%;6'/,QGH[6HSWHPEHU 15       15        
7DWD&5,6,/,%;*LOW,QGH[$SULO 15       15        a
7DWD1LIW\*6HF'HF,QGH[ 15       15        a
7DWD1LIW\*6HF'HF,QGH[ 15       15        
7DWD1LIW\6'/$$$368%RQG'HF 15       15        
87,&5,6,/6'/0WUW\$SULO,QGH[ 15       15        
87,&5,6,/6'/0WUW\-XQH,QGH[ 15       15        a
87,1LIW\6'/$$$368%RQG$SU 15       15        
87,1LIW\6'/$$$368%RQG$SU 15       15        a

All data as on November 30, 2023. Portfolio related data as on October 31, 2023.
Equity style box Debt style box

86 Mutual Fund Insight January 2024

Subscription copy of [[email protected]]. 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

EQUITY: LARGE CAP

ABSL Nifty 200 Momentum 30 ETF 25.22 25.21 0.11 14 0.32 24.3 24.3 - - - - -0.3 - - Low

ABSL Nifty 50 ETF 22.88 22.86 -0.02 1756 0.05 8.5 8.5 17.1 16.8 14.3 14.5 0.0 0.0 -0.2 Moderate

ABSL Nifty Next 50 ETF 49.51 49.53 0.10 47 0.05 10.4 10.4 17.2 18.8 - - -0.2 -0.2 - Moderate

ABSL S&P BSE Sensex ETF 65.55 65.40 0.02 405 0.09 7.6 7.6 16.2 - 14.4 - 0.0 -0.1 0.0 Low

Axis Nifty 50 ETF 216.18 216.27 0.04 441 0.09 8.5 8.7 17.0 17.2 14.3 14.5 0.0 -0.1 -0.1 Moderate

Axis S&P BSE SENSEX ETF 67.51 67.40 0.24 102 0.20 - - - - - - - - - Low

Bandhan Nifty 50 ETF 216.01 215.71 -0.02 19 0.09 8.4 7.7 16.8 13.8 14.2 14.4 -0.1 -0.3 -0.3 Low

Bandhan S&P BSE Sensex ETF 713.62 711.50 -0.01 1 0.33 7.2 7.3 15.7 17.3 14.0 15.2 -0.4 -0.6 -0.4 Low

Bhrt 22 ETF 80.01 79.97 0.02 11893 0.05 39.5 39.3 39.9 39.8 18.1 18.1 -0.4 -0.4 -0.2 High

DSP NIFTY 50 Equal Wght ETF 252.87 251.86 0.14 79 0.30 17.1 17.0 - - - - -0.4 - - Moderate

DSP Nifty 50 ETF 205.72 205.85 0.13 87 0.07 8.4 8.8 - - - - 0.0 - - Low

DSP S&P BSE Sensex ETF 67.19 - - 6 0.20 - - - - - - - - - -

HDFC NIFTY 100 ETF 20.45 20.50 -0.22 8 0.30 7.5 8.1 - - - - -0.3 - - Low

HDFC Nifty 50 ETF 220.07 220.40 0.13 2634 0.05 8.4 8.6 17.0 17.3 14.3 14.4 0.0 -0.1 -0.1 Moderate

HDFC NIFTY NEXT 50 ETF 48.30 48.42 -0.10 11 0.15 10.3 11.9 - - - - -0.3 - - Low

HDFC NIFTY100 Low Volatility 30 ETF 15.98 17.44 -0.16 6 0.30 16.3 27.3 - - - - -0.4 - - Low

HDFC NIFTY200 Momentum 30 ETF 25.11 25.11 -0.25 8 0.30 24.1 24.8 - - - - -0.5 - - Low

HDFC S&P BSE Sensex ETF 737.52 736.94 0.15 448 0.05 7.6 7.7 16.2 16.2 14.4 14.3 0.0 -0.1 -0.1 Moderate

ICICI Pru Nifty 100 ETF 221.74 221.41 0.02 57 0.48 7.3 7.4 16.3 16.2 13.5 14.4 -0.5 -0.6 -0.5 Moderate

ICICI Pru Nifty 100 Low Vol 30 ETF 172.19 172.44 0.06 2066 0.41 16.1 16.4 17.6 17.8 14.7 14.7 -0.6 -0.6 -0.5 High

ICICI Pru Nifty 200 Momentum 30 ETF 25.38 25.38 0.03 11 0.30 24.0 23.4 - - - - -0.6 - - Moderate

ICICI Pru Nifty 50 ETF 221.18 221.03 0.03 8333 0.03 8.5 8.5 17.1 17.1 14.4 13.4 0.0 0.0 -0.1 High

ICICI Pru Nifty Alpha Low- Vol 30 ETF 219.92 219.61 0.06 526 0.41 21.3 21.3 19.4 19.2 - - -0.7 -0.6 - Moderate

ICICI Pru Nifty Next 50 ETF 49.71 49.64 0.06 351 0.10 10.4 10.6 17.2 17.2 12.4 12.4 -0.2 -0.2 -0.3 Moderate

ICICI Pru S&P BSE Sensex ETF 746.92 747.55 0.12 3023 0.03 7.6 8.0 16.2 16.4 14.4 14.3 0.0 0.0 -0.1 Moderate

Invesco Ind Nifty 50 ETF 2242.63 2234.71 -0.07 69 0.10 8.4 8.3 17.0 16.8 14.3 14.5 -0.1 -0.1 -0.2 Low

Kotak Nifty 100 Low Volatility 30 ETF 16.27 16.16 0.01 16 0.20 16.4 15.4 - - - - -0.3 - - Low

Kotak Nifty 50 ETF 216.55 216.15 -0.03 1886 0.04 8.3 8.3 16.9 16.9 14.2 14.2 -0.2 -0.2 -0.2 Moderate

Kotak Nifty Alpha 50 ETF 37.76 37.75 0.05 68 0.30 26.6 26.8 - - - - -1.7 - - Moderate

Kotak S&P BSE Sensex ETF 71.60 71.38 0.06 24 0.28 7.3 7.0 15.9 15.6 14.1 14.0 -0.3 -0.3 -0.3 Low

LIC MF Nifty 100 ETF 216.53 213.73 0.02 592 0.28 7.4 6.3 16.5 17.5 13.7 13.5 -0.4 -0.4 -0.4 Low

LIC MF Nifty 50 ETF 219.29 218.70 -0.31 717 0.10 8.3 8.8 17.0 18.7 14.3 14.4 -0.2 -0.2 -0.1 Low

LIC MF S&P BSE Sensex ETF 735.56 733.12 0.00 673 0.10 7.5 7.7 16.1 16.9 14.4 15.3 -0.1 -0.1 -0.1 Low

Mirae Asset Nifty 100 Low Vol 30 ETF 159.90 159.19 -0.13 6 0.28 - - - - - - - - - Low

Mirae Asset Nifty 200 Alpha 30 ETF 18.99 - - 17 0.27 - - - - - - - - - -

Mirae Asset Nifty 50 ETF 212.40 212.15 0.06 1668 0.05 8.4 8.4 17.0 16.9 14.3 12.6 0.0 -0.1 -0.1 High

Mirae Asset Nifty Next 50 ETF 486.03 485.74 0.05 126 0.15 10.3 10.4 17.2 17.3 - - -0.3 -0.3 - Moderate

Mirae Asset S&P BSE Sensex ETF 67.11 - - 11 0.09 - - - - - - - - - -

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 January 2024 87

Subscription copy of [[email protected]]. 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

Motilal Oswal Nifty 200 Momentum 30 ETF 50.47 50.42 0.06 17 0.34 24.0 24.0 - - - - -0.6 - - Moderate

Motilal Oswal Nifty 50 ETF 204.45 204.41 -0.02 33 0.05 8.4 8.7 17.0 16.8 14.2 14.8 0.0 -0.1 -0.2 Moderate

Motilal Oswal Nifty 500 ETF 18.03 - - 24 0.30 - - - - - - - - - -

Motilal Oswal S&P BSE Low Volatility ETF 30.24 30.23 -0.05 19 0.33 17.5 17.4 - - - - -0.8 - - Low

Navi Nifty 50 ETF 201.67 - - 6 0.05 - - - - - - - - - -

Nippon Ind ETF Nifty 100 210.97 210.87 0.05 187 0.50 7.3 7.5 16.2 16.8 13.1 13.1 -0.5 -0.6 -0.9 Moderate

Nippon Ind ETF Nifty 50 BeES 222.39 222.13 0.04 16230 0.04 8.4 8.5 17.1 17.0 14.3 14.4 0.0 -0.1 -0.1 High

Nippon Ind ETF Nifty 50 Shariah BeES 453.39 453.86 0.08 16 0.96 4.5 4.8 12.6 12.5 13.4 13.5 -1.0 -1.2 -1.2 Low

Nippon Ind ETF Nifty Next 50 Junior BeES 509.92 510.26 0.06 3208 0.17 10.4 10.6 17.1 17.1 12.4 12.4 -0.2 -0.3 -0.3 High

Nippon Ind ETF S&P BSE Sensex 747.21 745.36 0.10 2601 0.04 7.6 7.6 16.2 14.7 14.4 14.1 0.0 -0.1 -0.1 Moderate

Nippon Ind ETF S&P BSE Sensex Next 50 62.06 61.94 0.11 25 0.23 19.3 19.4 22.1 15.4 - - -0.5 -0.5 - Low

Quantum Nifty 50 ETF 2152.16 2152.99 0.03 49 0.10 8.4 8.3 17.0 17.0 14.3 14.4 -0.1 -0.1 -0.2 Moderate

SBI Nifty 50 ETF 210.24 210.01 0.03 155471 0.04 8.4 8.5 17.0 15.9 14.3 13.8 0.0 -0.1 -0.1 High

SBI Nifty Next 50 ETF 504.69 504.04 0.15 1639 0.15 10.5 10.7 17.2 16.9 12.5 12.4 -0.1 -0.2 -0.3 High

SBI S&P BSE 100 ETF 223.66 223.71 0.05 7 0.14 10.0 9.5 18.0 18.3 14.5 14.4 -0.1 -0.2 -0.2 Low

SBI S&P BSE Sensex ETF 724.65 725.70 0.07 95207 0.04 7.5 7.9 16.2 15.0 14.4 13.8 -0.1 -0.1 -0.1 High

SBI S&P BSE Sensex Next 50 ETF 633.78 633.49 0.01 10 0.12 19.6 19.6 22.5 22.4 14.4 14.5 -0.2 -0.2 -0.6 Low

Tata Nifty 50 ETF 212.79 212.51 0.07 523 0.08 8.4 8.4 17.0 15.2 - - -0.1 -0.1 - Low

UTI Nifty 50 ETF 216.43 216.48 -0.28 42363 0.05 8.4 8.3 17.0 15.9 14.3 13.7 0.0 -0.1 -0.1 High

UTI Nifty Next 50 ETF 50.77 50.66 0.24 1364 0.15 10.5 10.3 17.3 17.1 12.6 12.6 -0.1 -0.2 -0.1 Moderate

UTI S&P BSE Sensex ETF 720.15 718.88 0.19 31838 0.05 7.5 7.7 15.7 15.2 14.1 13.6 -0.1 -0.6 -0.4 Moderate

UTI S&P BSE Sensex Next 50 ETF 63.13 62.66 0.09 6 0.20 19.8 19.6 22.4 25.0 - - -0.1 -0.3 - Low

EQUITY: LARGE & MIDCAP

ICICI Pru S&P BSE Midcap Select ETF 131.13 130.95 0.10 34 0.15 25.3 25.5 21.0 21.1 14.6 14.5 -0.3 -0.4 -0.4 Moderate

EQUITY: FLEXI CAP

HDFC S&P BSE 500 ETF 28.63 28.31 2.94 7 0.30 - - - - - - - - - Low

ICICI Pru S&P BSE 500 ETF 30.14 30.06 0.18 128 0.32 13.1 13.6 19.8 19.8 15.6 15.6 -0.4 -0.4 -0.4 Moderate

EQUITY: MID CAP

HDFC NIFTY Midcap 150 ETF 16.01 16.05 -0.28 10 0.20 - - - - - - - - - Moderate

ICICI Pru Nifty Midcap 150 ETF 163.17 163.41 0.11 211 0.15 32.5 32.8 29.5 29.7 - - -0.4 -0.4 - Moderate

Kotak Nifty Midcap 50 ETF 123.35 123.22 0.20 20 0.05 38.3 38.4 - - - - -0.5 - - Moderate

Mirae Asset Nifty Midcap 150 ETF 16.10 16.10 0.01 509 0.05 32.6 32.7 - - - - -0.2 - - High

Motilal Oswal Nifty Midcap 100 ETF 45.69 45.70 0.04 303 0.20 34.7 34.9 30.2 30.8 20.3 19.4 -0.2 -0.4 -0.4 Moderate

Nippon Ind ETF Nifty Midcap 150 163.46 164.24 0.10 917 0.21 32.6 33.1 29.5 30.2 - - -0.3 -0.4 - High

UTI Nifty Midcap 150 ETF 159.67 - - 4 0.21 - - - - - - - - - -

EQUITY: SMALL CAP

HDFC NIFTY Smallcap 250 ETF 132.91 132.78 0.30 90 0.20 - - - - - - - - - High

EQUITY: VALUE ORIENTED

HDFC NIFTY50 Value 20 ETF 109.14 109.49 0.09 18 0.15 15.6 17.5 - - - - -0.3 - - Low

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.

88 Mutual Fund Insight January 2024

Subscription copy of [[email protected]]. Redistribution prohibited.

 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

ICICI Pru Nifty50 Value 20 ETF 118.48 118.70 0.07 83 0.25 15.5 15.9 22.3 22.3 17.6 17.6 -0.4 -0.3 -0.9 Moderate

Kotak Nifty 50 Value 20 ETF 120.84 120.43 0.10 45 0.14 15.7 15.3 22.3 22.2 17.6 17.5 -0.2 -0.3 -0.9 Moderate

Motilal Oswal S&P BSE Enhanced Value ETF 70.05 69.93 0.08 11 0.30 45.8 45.5 - - - - -0.7 - - Low

Nippon Ind ETF Nifty 50 Value 20 121.67 121.47 0.12 88 0.34 15.4 15.7 22.0 21.7 17.7 17.6 -0.5 -0.6 -0.8 Moderate

EQUITY: SECTORAL-BANKING

ABSL Nifty Bank ETF 44.86 44.83 0.02 2540 0.17 3.6 3.4 15.1 15.2 - - -0.1 -0.2 - High

Axis NIFTY Bank ETF 451.52 450.00 0.03 214 0.18 3.6 3.2 15.2 - - - -0.2 -0.1 - Moderate

DSP Nifty Bank ETF 44.79 44.91 0.03 101 0.15 - - - - - - - - - Low

DSP Nifty Private Bank ETF 23.19 23.11 0.25 97 0.15 - - - - - - - - - Moderate

DSP Nifty PSU Bank ETF 50.28 50.37 0.43 13 0.45 - - - - - - - - - Moderate

HDFC NIFTY Bank ETF 450.49 450.77 -0.01 2168 0.16 3.6 4.0 15.0 15.1 - - -0.2 -0.3 - High

HDFC NIFTY Private Bank ETF 232.80 232.58 0.11 313 0.15 5.7 6.6 - - - - -0.2 - - Moderate

ICICI Pru Nifty Bank ETF 44.90 44.96 0.02 3017 0.15 3.6 4.0 15.1 15.1 - - -0.1 -0.2 - High

ICICI Pru Nifty Fin Srvices Ex-Bank ETF 21.86 21.84 0.04 54 0.20 27.3 6.7 - - - - -0.4 - - Moderate

ICICI Pru Nifty Private Bank ETF 230.80 231.10 0.02 1903 0.15 5.7 6.0 12.4 12.5 - - -0.2 -0.2 - Moderate

ICICI Pru Nifty PSU Bank ETF 50.58 50.71 0.07 16 0.40 - - - - - - - - - Moderate

Kotak Nifty Bank ETF 454.19 461.19 -0.05 4129 0.16 3.5 5.2 14.9 15.5 10.6 11.0 -0.3 -0.3 -0.6 High

Kotak Nifty PSU Bank ETF 501.64 503.37 0.03 1051 0.49 26.3 26.8 48.3 48.7 11.5 11.5 -0.7 -1.1 -0.8 High

Mirae Asset Nifty Bank ETF 445.03 - - 36 0.09 - - - - - - - - - -

Mirae Asset Nifty Fin Srvcs ETF 20.38 20.35 0.00 253 0.12 4.6 4.5 - - - - 0.0 - - Moderate

Nippon Ind ETF Nifty Bank BeES 453.50 453.82 -0.01 5815 0.19 3.6 3.9 15.0 15.1 10.6 10.6 -0.1 -0.2 -0.5 High

Nippon Ind ETF Nifty PSU Bank BeES 55.95 56.03 0.02 1495 0.49 26.2 26.1 48.4 48.4 11.6 11.6 -0.8 -1.0 -0.7 High

SBI Nifty Bank ETF 449.66 450.02 0.00 4109 0.20 3.6 3.8 15.0 15.1 10.7 10.6 -0.2 -0.2 -0.5 High

SBI Nifty Private Bank ETF 233.37 233.14 0.02 363 0.15 5.7 5.8 12.3 12.4 - - -0.2 -0.3 - Moderate

Tata Nifty Private Bank ETF 236.33 236.20 0.03 8 0.14 5.7 5.6 12.5 14.3 - - -0.2 -0.1 - Low

UTI Nifty Bank ETF 45.21 45.32 0.04 2950 0.16 3.7 4.2 15.1 15.1 - - -0.1 -0.1 - High

EQUITY: SECTORAL-INFRASTRUCTURE

ICICI Pru Nifty Infra ETF 67.23 67.35 0.09 89 0.50 21.1 21.4 - - - - -0.6 - - Moderate

Nippon Ind ETF Nifty Infra BeES 683.15 682.89 0.05 45 1.03 20.4 20.3 24.3 24.5 16.6 16.6 -1.4 -1.6 -1.5 Moderate

EQUITY: SECTORAL-PHARMA

ABSL Nifty Helthcr ETF 10.42 10.38 0.00 32 0.09 23.6 23.1 - - - - -0.1 - - Moderate

Axis NIFTY Helthcr ETF 104.06 103.80 -0.05 14 0.34 23.3 23.5 - - - - -0.4 - - Low

ICICI Pru Nifty Helthcr ETF 104.32 104.12 0.01 81 0.15 23.5 23.5 - - - - -0.2 - - Moderate

Motilal Oswal S&P BSE Helthcr ETF 30.57 29.82 0.35 8 0.22 27.4 25.0 - - - - -0.3 - - Low

Nippon Ind Nifty Pharma ETF 16.49 16.48 0.00 427 0.21 24.3 24.3 - - - - -0.3 - - High

EQUITY: SECTORAL-TECHNOLOGY

ABSL Nifty IT ETF 33.67 33.63 0.01 105 0.22 8.9 8.8 - - - - -0.2 - - Low

Axis NIFTY IT ETF 341.74 339.18 0.01 142 0.22 8.9 8.1 - - - - -0.3 - - Moderate

DSP Nifty IT ETF 32.80 - - 28 0.20 - - - - - - - - - -

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 January 2024 89

Subscription copy of [[email protected]]. 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

HDFC NIFTY IT ETF 330.78 330.61 0.32 51 0.20 8.8 8.4 - - - - -0.3 - - Moderate

ICICI Pru Nifty IT ETF 34.37 34.36 0.02 408 0.20 8.9 9.1 16.2 16.1 - - -0.2 -0.3 - High

Kotak Nifty IT ETF 34.22 34.17 0.02 97 0.18 8.9 9.0 - - - - -0.2 - - Moderate

Mirae Asset Nifty IT ETF 32.72 - - 11 0.09 - - - - - - - - - -

Nippon Ind ETF Nifty IT 34.44 34.40 0.02 1769 0.22 8.9 8.8 16.2 16.0 - - -0.2 -0.3 - High

SBI Nifty IT ETF 343.77 343.23 0.05 67 0.22 8.8 8.6 16.2 15.8 - - -0.3 -0.3 - Moderate

Tata Nifty Ind Digital ETF 70.26 70.56 1.12 54 0.40 23.7 21.5 - - - - -0.5 - - Moderate

EQUITY: THEMATIC

ABSL Nifty 200 Quality 30 ETF 17.39 17.44 -0.01 12 0.35 16.3 16.7 - - - - -0.5 - - Low

DSP Nifty Midcap 150 Quality 50 ETF 197.08 196.58 0.00 75 0.30 17.5 17.0 - - - - -0.3 - - Moderate

HDFC NIFTY Growth Sectors 15 ETF 102.83 102.60 -0.15 8 0.30 13.5 14.4 - - - - -0.5 - - Low

HDFC NIFTY100 Quality 30 ETF 47.10 47.06 -0.12 10 0.30 17.1 17.9 - - - - -0.3 - - Low

ICICI Pru Nifty 200 Quality 30 ETF 172.53 172.67 -0.01 14 0.30 - - - - - - - - - Moderate

ICICI Pru Nifty Auto ETF 178.16 178.07 0.00 33 0.20 33.4 33.7 - - - - -0.3 - - Moderate

ICICI Pru Nifty Commodities ETF 68.74 68.82 0.07 21 0.30 - - - - - - - - - Moderate

ICICI Pru Nifty FMCG ETF 547.84 547.69 0.03 98 0.20 17.7 18.1 - - - - -0.3 - - Moderate

Mirae Asset Nifty Ind Manufacturing ETF 104.19 104.34 0.04 88 0.47 20.9 21.1 - - - - -0.6 - - Moderate

Motilal Oswal S&P BSE Quality ETF 144.04 143.98 0.12 8 0.29 17.2 17.3 - - - - -0.6 - - Low

Nippon Ind ETF Nifty Dividend Opp 50 62.02 61.98 0.09 28 0.37 26.7 26.4 25.2 25.9 16.9 16.8 -0.6 -0.5 -0.3 Low

Nippon Ind Nifty Auto ETF 178.21 178.34 0.03 70 0.22 33.3 33.4 - - - - -0.3 - - Moderate

SBI Nifty 200 Quality 30 ETF 182.09 181.86 0.03 56 0.50 16.2 16.3 16.8 16.9 - - -0.6 -0.7 - Moderate

EQUITY: THEMATIC-CONSUMPTION

Axis NIFTY Ind Consmpn ETF 91.33 91.32 0.02 11 0.37 14.2 14.5 - - - - -0.4 - - Low

ICICI Pru Nifty Ind Consmpn ETF 91.46 91.39 0.03 46 0.20 14.3 14.4 - - - - -0.3 - - Moderate

Kotak NIFTY Ind Consmpn ETF 90.54 90.38 -0.01 1 0.10 14.3 14.0 - - - - -0.3 - - Low

Nippon Ind ETF Nifty Ind Consmpn 98.61 98.54 0.05 36 0.31 14.1 14.2 19.4 19.6 13.7 13.6 -0.4 -0.5 -0.4 Moderate

SBI Nifty Consmpn ETF 91.27 91.13 -0.03 9 0.29 14.2 14.0 - - - - -0.4 - - Low

EQUITY: THEMATIC-ESG

Mirae Asset Nfty100 ESG Sec Leaders ETF 33.27 33.19 -0.05 131 0.59 6.5 6.4 14.1 - - - -0.9 -0.7 - Moderate

EQUITY: THEMATIC-MNC

Kotak Nifty MNC ETF 22.86 22.86 0.10 13 0.30 12.0 12.2 - - - - -0.4 - - Low

EQUITY: THEMATIC-PSU

CPSE ETF 58.34 58.32 -0.03 24971 0.05 50.1 50.3 45.8 45.7 20.5 20.5 -0.5 -0.6 -0.5 High

EQUITY: INTERNATIONAL

Mirae Asset Hang Seng TECH ETF 13.84 14.03 0.98 202 0.57 4.9 6.9 - - - - - - - High

Mirae Asset NYSE FANG+ ETF 68.20 68.91 -0.21 1510 0.65 71.2 82.1 - - - - - - - High

Mirae Asset S&P 500 Top 50 ETF 34.14 34.02 -0.24 559 0.65 25.7 30.3 - - - - - - - Moderate

Motilal Oswal NASDAQ 100 ETF 129.88 129.85 -0.21 6043 0.58 41.4 40.1 13.9 13.4 22.6 22.3 -1.4 -0.9 -1.0 High

Motilal Oswal Nasdaq Q50 ETF 54.43 54.09 0.19 19 0.44 5.8 1.4 - - - - -0.6 - - 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.

90 Mutual Fund Insight January 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 Ind ETF Hang Seng BeES 251.60 256.69 1.22 216 0.93 -3.5 -1.2 -8.7 -9.5 -2.8 -4.0 - - - Moderate

DEBT: LIQUID

DSP NIFTY 1D Rate Liquid ETF 1000.00 999.99 0.00 1001 0.24 6.5 0.0 4.3 0.0 4.4 0.0 -0.2 -0.5 -0.4 High

HDFC NIFTY 1D RATE LIQUID ETF 1000.00 - - 3 0.50 - - - - - - - - - -

ICICI Pru S&P BSE Liquid Rate ETF 1000.00 999.99 0.01 2519 0.25 6.4 0.0 4.4 0.0 4.3 0.0 -0.3 -0.4 -0.5 High

Kotak Nifty 1D Rate Liquid ETF 1000.00 1000.00 0.00 74 0.20 - - - - - - - - - High

Mirae Asset Nifty 1D Rate Liquid ETF 1000.00 - - 221 0.25 - - - - - - - - - -

Nippon Ind ETF Nifty 1D Rate Liquid BeES 1000.00 1000.00 0.00 10318 0.69 5.5 0.0 3.9 0.0 3.7 0.0 -1.2 -0.9 -1.1 High

SBI NIFTY 1D Rate ETF 1000.00 - - 122 0.35 - - - - - - - - - -

DEBT: OVERNIGHT

ABSL CRISIL Liquid Overnight ETF 1000.00 1000.00 0.00 73 0.59 - - - - - - - - - Moderate

DEBT: GILT

ICICI Pru Nifty 5 yr Benchmark G-SEC ETF 53.69 53.71 0.43 154 0.20 6.4 6.4 - - - - -0.3 - - Low

LIC MF Nifty 8-13 yr G-Sec ETF 24.14 24.16 -0.06 1071 0.16 6.8 5.9 3.2 3.3 6.4 8.1 -0.2 -0.4 -0.4 Low

Mirae Asset Nifty 8-13 yr G-Sec ETF 24.85 24.76 0.68 76 0.10 - - - - - - - - - Low

Motilal Oswal Nifty 5Y G-Sec ETF 53.35 53.36 0.00 63 0.23 6.5 6.7 - - - - -0.3 - - Moderate

Nippon Ind ETF Nifty 5Y Benchmark G-Sec 53.60 53.58 0.01 142 0.09 6.7 6.7 - - - - -0.1 - - High

Nippon Ind ETF Nifty 8-13Y G-Sec LT Gilt 24.51 24.56 0.11 1408 0.10 6.9 7.2 3.2 3.2 6.6 6.6 -0.2 -0.4 -0.2 Moderate

DEBT: GILT WITH 10 YEAR CONSTANT DURATION

ICICI Pru Nifty 10yr Benchmark G-Sec ETF 219.35 220.00 0.12 447 0.14 - - - - - - - - - Low

SBI Nifty 10Y Benchmark G-Sec ETF 219.38 221.20 0.19 2725 0.14 6.8 7.8 2.8 2.8 5.6 5.9 -0.2 -0.2 -0.1 Moderate

COMMODITIES: GOLD

ABSL Gold ETF 56.17 56.27 -0.37 681 0.54 16.7 18.2 8.1 7.7 14.9 14.7 -1.1 -0.8 -0.8 Moderate

Axis Gold ETF 53.27 53.39 -0.17 792 0.56 16.5 18.4 8.1 7.8 14.8 14.8 -1.2 -0.7 -0.9 Moderate

DSP Gold ETF 62.26 62.42 0.09 182 0.48 - - - - - - - - - Moderate

Edelweiss Gold ETF 64.29 64.60 0.74 - 0.35 - - - - - - - - - High

HDFC Gold ETF 54.43 54.63 -0.18 4000 0.59 16.1 17.8 7.8 7.7 14.5 14.5 -1.6 -1.0 -1.1 High

ICICI Pru Gold ETF 54.67 54.70 -0.08 4070 0.50 16.7 18.1 8.1 7.6 14.6 14.7 -1.0 -0.8 -1.0 High

Invesco Ind Gold ETF 5547.94 5545.00 -0.29 98 0.55 16.7 17.4 8.1 7.5 14.9 14.9 -1.0 -0.7 -0.8 Low

Kotak Gold ETF 53.39 53.41 -0.25 3203 0.55 16.7 18.1 8.0 7.7 14.8 14.9 -1.0 -0.8 -0.8 High

LIC MF Gold ETF 5724.12 5730.00 -0.29 109 0.41 17.3 18.1 8.4 8.2 14.9 15.3 -0.5 -0.4 -0.7 Moderate

Mirae Asset Gold ETF 62.23 62.62 0.36 25 0.36 - - - - - - - - - Moderate

Nippon Ind ETF Gold BeES 53.15 53.15 -0.15 8553 0.79 16.6 17.8 7.6 7.4 14.5 14.5 -1.2 -1.0 -1.1 High

Quantum Gold 52.98 52.91 -0.32 172 0.78 16.8 18.0 8.0 7.6 14.6 14.5 -1.0 -0.9 -1.0 Moderate

SBI Gold ETF 54.71 54.78 -0.47 3423 0.65 16.5 18.0 8.0 7.7 14.8 14.9 -1.2 -0.8 -0.9 High

UTI Gold ETF 53.32 53.45 -0.37 856 0.46 16.9 18.6 7.8 6.5 14.5 14.6 -0.8 -1.0 -1.1 Moderate

COMMODITIES: SILVER

ABSL Silver ETF 77.52 77.24 -1.15 297 0.37 18.8 21.9 - - - - -1.0 - - High

Axis Silver ETF 76.96 77.01 -0.50 42 0.35 17.8 21.3 - - - - -2.0 - - 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 January 2024 91

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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

DSP Silver ETF 75.06 74.99 -0.36 40 0.50 19.6 22.1 - - - - -0.1 - - Moderate

Edelweiss Silver ETF 78.11 - - - 0.39 - - - - - - - - - -

HDFC Silver ETF 76.75 74.29 -0.19 121 0.40 21.7 20.9 - - - - 1.9 - - Moderate

ICICI Pru Silver ETF 77.50 77.27 -0.42 883 0.40 18.7 21.2 - - - - -1.1 - - High

Kotak Silver ETF 75.51 75.22 -0.30 221 0.45 - - - - - - - - - Moderate

Mirae Asset Silver ETF 75.87 75.79 0.37 13 0.39 - - - - - - - - - Low

Nippon Ind Silver ETF 74.84 74.61 -0.38 1181 0.51 19.7 21.7 - - - - -1.2 - - High

UTI Silver ETF 76.53 75.70 0.12 47 0.53 - - - - - - - - - Moderate

DEBT: TARGET MATURITY

Axis Nifty AAA + SDL Apr 2026 50:50 11.32 11.31 -0.11 1557 0.18 6.8 6.6 - - - - -0.1 - - Moderate

Bhrt Bond ETF-April 2025 1167.15 1167.24 0.01 12141 - 7.0 6.6 4.5 4.5 - - -0.1 -0.1 - High

Bhrt Bond ETF-April 2030 1310.64 1310.98 0.12 17927 - 6.8 6.3 5.1 5.0 - - 0.2 0.0 - High

Bhrt Bond ETF-April 2031 1168.05 1167.45 0.12 12902 - 6.7 5.9 4.7 4.7 - - 0.2 -0.1 - High

Bhrt Bond ETF-April 2032 1096.01 1098.52 0.20 10453 - 6.9 6.8 - - - - 0.5 - - Moderate

Bhrt Bond ETF-April 2033 1064.07 1065.16 0.24 5461 - - - - - - - - - - High

Nippon Ind ETF Nfty Apr2026 Top20 Eq Wt 116.59 116.55 0.03 7657 0.20 6.9 6.9 - - - - -0.1 - - Moderate

Nippon Ind ETF Nfty CPSE + Sep2024 50:50 117.39 117.42 0.00 1628 0.20 7.0 7.0 4.5 4.5 - - -0.3 -0.2 - Moderate

(1) All data as on November 30, 2023. AUM as on October 31, 2023
(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 5 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

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 SCOREBOARD PERFORMANCE

Performance snapshot
Here are the performance data of the Indian mutual fund industry as of November 2023
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 7.02 6.43 11.82 17.36 13.81 13.55 14.17 7.05 6.58 12.37 17.95 14.46 14.42
Equity: Large & MidCap 8.03 6.70 19.05 21.90 16.57 16.91 16.49 8.03 6.85 20.16 23.36 17.91 18.06
Equity: Flexi Cap 7.16 6.20 15.93 19.18 15.07 15.68 16.59 7.26 6.50 17.29 20.50 16.27 16.71
Equity: Mid Cap 9.38 8.29 29.14 26.66 19.93 20.26 18.64 9.38 8.46 29.86 27.73 21.27 21.54
Equity: Multi Cap 8.05 7.10 21.98 — — — — 8.17 7.45 23.58 — — —
Equity: Small Cap 9.40 9.79 33.82 33.57 23.75 22.94 — 9.47 10.04 35.31 35.26 25.21 24.19
Equity: Value Oriented 8.47 9.30 22.45 24.10 16.86 17.42 18.21 8.70 9.43 23.89 25.93 18.05 18.48
Equity: ELSS 7.53 6.79 16.58 20.05 15.49 16.06 16.28 7.63 7.08 17.87 21.40 16.71 17.13
Equity: Thematic-ESG 6.79 5.53 12.35 17.36 14.13 14.52 16.33 6.97 5.83 14.35 19.13 14.95 15.39
Equity: International 9.26 0.88 16.63 4.16 8.36 6.09 — 9.43 1.15 16.73 5.06 9.08 6.94
S&P BSE Sensex TRI 4.96 3.53 7.59 16.27 14.46 13.86 15.40 4.96 3.53 7.59 16.27 14.46 13.86
S&P BSE Sensex Next 50 TRI 8.75 7.31 19.82 22.68 14.98 15.53 — 8.75 7.31 19.82 22.68 14.98 15.53
S&P BSE 500 TRI 7.06 6.19 13.44 20.21 16.00 15.58 15.53 7.06 6.19 13.44 20.21 16.00 15.58
S&P BSE Large Cap TRI 6.11 5.18 7.40 17.28 14.36 13.91 — 6.11 5.18 7.40 17.28 14.36 13.91
S&P BSE Mid Cap TRI 9.83 10.04 33.54 27.91 19.23 19.78 16.53 9.83 10.04 33.54 27.91 19.23 19.78
S&P BSE Small Cap TRI 9.42 8.93 37.96 34.76 23.98 21.88 18.77 9.42 8.93 37.96 34.76 23.98 21.88
Equity: Sectoral-Banking 4.60 4.60 10.41 18.12 12.23 13.81 19.57 5.51 5.65 13.41 17.84 14.04 16.60
S&P BSE Bankex TRI 3.81 1.86 2.77 14.75 11.42 15.45 17.34 3.81 1.86 2.77 14.75 11.42 15.45
Equity: Sectoral-Infrastructure 8.59 9.22 30.55 33.54 20.21 17.63 — 8.72 9.31 32.79 35.19 21.44 19.09
S&P BSE India Infrastructure TRI 11.13 16.58 37.27 40.08 20.42 14.58 — 11.13 16.58 37.27 40.08 20.42 14.58
Equity: Sectoral-Pharma 10.76 8.51 25.01 14.62 19.86 15.11 15.90 10.76 8.88 26.79 15.97 21.30 16.25
S&P BSE Healthcare TRI 11.40 8.95 27.78 15.05 17.00 13.01 14.74 11.40 8.95 27.78 15.05 17.00 13.01
Equity: Sectoral-Technology 7.24 6.32 14.07 19.86 22.56 17.96 17.64 7.67 7.30 19.07 23.54 23.95 19.01
S&P BSE IT TRI 7.08 6.11 11.23 17.51 20.64 17.02 17.52 7.08 6.11 11.23 17.51 20.64 17.02
Hybrid: Aggressive Hybrid 5.43 4.58 13.58 16.30 12.91 13.78 14.02 5.53 4.88 14.92 17.66 14.16 14.86
Hybrid: Balanced Hybrid 3.47 3.13 9.99 10.48 8.77 9.95 10.14 3.54 3.28 10.61 11.12 9.40 10.54
Hybrid: Conservative Hybrid 2.05 2.29 8.34 7.82 7.70 8.73 8.72 2.12 2.52 9.33 8.88 8.69 9.72
VR Balanced TRI 5.03 4.33 8.24 15.30 13.21 12.77 — 5.03 4.33 8.24 15.30 13.21 12.77
VR MIP TRI 2.80 2.65 7.31 8.93 8.90 9.15 — 2.80 2.65 7.31 8.93 8.90 9.15
Debt: Long Duration 0.76 -0.06 6.03 2.99 7.02 7.79 7.16 0.80 0.08 6.54 3.44 7.48 8.58
Debt: Medium Duration 0.66 1.13 6.16 5.09 5.42 7.35 6.53 0.71 1.30 6.86 5.81 6.13 8.10
Debt: Short Duration 0.61 1.26 6.19 4.68 6.02 6.96 7.27 0.66 1.43 6.90 5.39 6.76 7.70
Debt: Ultra Short Duration 0.52 1.56 6.65 4.74 5.36 6.36 6.48 0.56 1.70 7.21 5.26 5.87 6.84
Debt: Liquid 0.55 1.67 6.81 4.79 5.03 6.38 6.61 0.57 1.72 6.99 4.95 5.22 6.53
Debt: Dynamic Bond 0.72 0.88 5.92 4.22 6.31 7.38 6.41 0.77 1.05 6.63 4.89 7.00 8.11
Debt: Corporate Bond 0.58 1.25 6.34 4.23 6.61 7.33 6.39 0.61 1.36 6.80 4.69 7.03 7.84
Debt: Credit Risk 0.58 2.09 7.60 9.09 4.79 6.43 — 0.65 2.29 8.44 9.93 5.61 7.30
CCIL All Sovereign Bond - TRI 1.22 0.65 6.89 4.00 7.64 8.59 — 1.22 0.65 6.89 4.00 7.64 8.59
CCIL T Bill Liquidity Weight 0.39 1.08 4.39 2.91 3.28 4.04 — 0.39 1.08 4.39 2.91 3.28 4.04
VR Bond 0.83 1.15 6.48 4.15 5.68 6.69 — 0.83 1.15 6.48 4.15 5.68 6.69
Category averages, including ETFs and Index Funds. Returns (%) as on November 30, 2023

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TOP-RATED FUNDS
EQUITY DIRECT (78/237)
EQUITY: LARGE CAP SBI Large & Midcap Dir  PGIM Ind Midcap Opp Reg 
ABSL Frontline Eqt Dir  Tata Large & Midcap Dir  Quant Mid Cap Reg 
Baroda BNP Paribas Large Cap Dir  SBI Magnum Midcap Reg 
EQUITY: FLEXI CAP
Canara Robeco Bluechip Eqt Dir 
360 ONE Focused Eqt Dir  EQUITY: SMALL CAP
DSP Nifty 50 Equal Weight Index Dir 
Bank of Ind Flexi Cap Dir  Axis Small Cap Dir 
Edelweiss Large Cap Dir 
DSP Flexi Cap Dir  Edelweiss Small Cap Dir 
HDFC Top 100 Dir 
Franklin Ind Flexi Cap Dir  ICICI Pru Smallcap Dir 
ICICI Pru Bhrt 22 FOF Dir 
Franklin Ind Focused Eqt Dir  Kotak Small Cap Dir 
ICICI Pru Bluechip Dir 
HDFC Flexi Cap Dir  Nippon Ind Small Cap Dir 
Invesco Ind Largecap Dir 
HDFC Focused 30 Dir  Tata Small Cap Dir 
JM Large Cap Dir 
HDFC Retrmnt Svngs Eqt Dir 
Kotak Bluechip Dir  EQUITY: VALUE ORIENTED
ICICI Pru Focused Eqt Dir 
Mahindra Manulife Large Cap Dir  Bandhan Sterling Value Dir 
ICICI Pru Ind Eqt FOF Dir 
Mirae Asset Eqt Allocator FoF Dir  ICICI Pru Value Discovery Dir 
ICICI Pru Retrmnt Pure Eqt Dir 
Mirae Asset Large Cap Dir  JM Value Dir 
JM Flexicap Dir 
Nippon Ind Large Cap Dir  SBI Contra Dir 
Mahindra Manulife Focused Dir 
Quant Focused Dir  Templeton Ind Value Dir 
Nippon Ind Focused Eqt Dir 
SBI Bluechip Dir  EQUITY: ELSS
Parag Parikh Flexi Cap Dir 
Sundaram Large Cap Fund Dir  Bandhan ELSS Tax Saver Dir 
PGIM Ind Flexi Cap Dir 
Tata Large Cap Dir  Bank of Ind Tax Advtg Dir 
Tata Focused Eqt Dir 
Canara Robeco ELSS Tax Saver Dir 
EQUITY: LARGE & MIDCAP Union Flexi Cap Dir 
Axis Growth Opp Dir  DSP Tax Saver Dir 
EQUITY: MID CAP
HDFC Large and Mid Cap Dir  Kotak ELSS Tax Saver Dir 
Edelweiss Mid Cap Reg 
ICICI Pru Large & Mid Cap Dir  Mirae Asset Tax Saver Dir 
HDFC Mid-Cap Opp Reg 
Kotak Eqt Opp Dir  Motilal Oswal ELSS Tax Saver Dir 
Kotak Emrgng Eqt Reg 
Mahindra Manulife Large & Mid Cap Dir  Parag Parikh Tax Saver Dir 
Mirae Asset Midcap Reg 
Mirae Asset Emrgng Bluechip Dir  PGIM Ind ELSS Tax Saver Dir 
Motilal Oswal Midcap Reg 
Motilal Oswal Large and Midcap Dir  Quant Tax Plan Dir 
Nippon Ind Growth Reg 
Quant Large & Mid Cap Dir  SBI LT Eqt Dir 

RATING DOWNGRADE List of funds that moved out of the five- and four-star grades in November 2023
Canara Robeco Flexi Cap Dir Kotak Ind EQ Contra Dir Mahindra Manulife ELSS Tax Saver Dir

HYBRID DIRECT (30/92)

HYBRID: AGGRESSIVE HYBRID Kotak Eqt Hybrid Dir  Kotak Debt Hybrid Dir 
Bank of Ind Mid & Small Cap Eqt & Debt Dir  Mahindra Manulife Aggressive Hybrid Dir  SBI Cons Hybrid Dir 
Baroda BNP Paribas Agrssv Hybrid Dir  Quant Absolute Dir  SBI Magnum Children’s Benefit Svngs Dir 
Canara Robeco Eqt Hybrid Dir  SBI Magnum Children’s Benefit Inv Dir  HYBRID: EQUITY SAVINGS
Edelweiss Agrsv Hybrid Dir  UTI Agrssv Hybrid Dir  Edelweiss Eqt Svngs Dir 
Franklin Ind Eqt Hybrid Dir  HYBRID: CONSERVATIVE HYBRID HSBC Eqt Svngs Dir 
HDFC Children’s Gift Dir  Canara Robeco Cons Hybrid Dir  ICICI Pru Eqt Svngs Dir 
HDFC Hybrid Eqt Dir  HDFC Hybrid Debt Dir  Kotak Eqt Svngs Dir 
HDFC Retrmnt Svngs Hybrid Eqt Dir  HDFC Retrmnt Svngs Hybrid Debt Dir  Mirae Asset Eqt Svngs Dir 
ICICI Pru Eqt & Debt Dir  ICICI Pru Incm Optimizer (FOF) Dir  SBI Eqt Svngs Dir 
JM Agrssv Hybrid Dir  ICICI Pru Regular Svngs Dir  UTI Eqt Svngs Dir 

RATING DOWNGRADE List of funds that moved out of the five- and four-star grades in November 2023
Mirae Asset Hybrid Eqt Dir

Funds suspended for sale have been excluded

94 Mutual Fund Insight January 2024

Subscription copy of [[email protected]]. Redistribution prohibited.

TOP-RATED FUNDS

EQUITY REGULAR (79/238)

EQUITY: LARGE CAP Motilal Oswal Large and Midcap Reg  Nippon Ind Growth Reg 
ABSL Frontline Eqt Reg  SBI Large & Midcap Reg  PGIM Ind Midcap Opp Reg 
Bandhan Nifty 50 Index Reg  Tata Large & Midcap Reg  Quant Mid Cap Reg 
Baroda BNP Paribas Large Cap Reg  UTI Large & Mid Cap Reg  SBI Magnum Midcap Reg 
Canara Robeco Bluechip Eqt Reg 
EQUITY: FLEXI CAP EQUITY: SMALL CAP
DSP Nifty 50 Equal Wght Index Reg 
360 ONE Focused Eqt Reg  Axis Small Cap Reg 
DSP Nifty 50 Index Reg 
Bank of Ind Flexi Cap Reg  ICICI Pru Smallcap 
Edelweiss Large Cap Reg 
DSP Flexi Cap Reg  Kotak Small Cap Reg 
HDFC Index S&P BSE Sensex Reg 
Franklin Ind Flexi Cap Reg  Nippon Ind Small Cap Reg 
HDFC Top 100 Reg 
Franklin Ind Focused Eqt Reg  Tata Small Cap Reg 
ICICI Pru Bhrt 22 FOF Reg 
HDFC Flexi Cap Reg 
ICICI Pru Bluechip Reg  EQUITY: VALUE ORIENTED
HDFC Focused 30 Reg 
ICICI Pru S&P BSE Sensex Index  Bandhan Sterling Value Reg 
HDFC Retrmnt Svngs Eqt Reg 
JM Large Cap Reg  ICICI Pru Value Discovery Reg 
ICICI Pru Focused Eqt Reg 
Kotak Bluechip Reg  JM Value Reg 
ICICI Pru Ind Eqt FOF 
Mahindra Manulife Large Cap Reg  SBI Contra Reg 
ICICI Pru Passive Strategy (FOF) 
Mirae Asset Eqt Allocator FoF Reg  Templeton Ind Value Reg 
ICICI Pru Retrmnt Pure Eqt 
Mirae Asset Large Cap Reg  EQUITY: ELSS
JM Flexicap Reg 
Nippon Ind Large Cap Reg  Bandhan ELSS Tax Saver Reg 
Mahindra Manulife Focused Reg 
Quant Focused Reg  Bank of Ind Tax Advtg Reg 
Nippon Ind Focused Eqt Reg 
SBI Bluechip Reg  Canara Robeco ELSS Tax Saver Reg 
Parag Parikh Flexi Cap Reg 
Sundaram Large Cap Fund Reg  DSP Tax Saver Reg 
PGIM Ind Flexi Cap Reg 
Tata Large Cap Reg  HDFC ELSS Tax Saver Reg 
Union Flexi Cap Reg 
UTI Nifty 50 Index Reg  Kotak ELSS Tax Saver Reg 
EQUITY: MID CAP Mirae Asset Tax Saver Reg 
EQUITY: LARGE & MIDCAP
Edelweiss Mid Cap Reg  Parag Parikh Tax Saver Reg 
HDFC Large and Mid Cap Reg 
HDFC Mid-Cap Opp Reg  Quant Tax Plan Reg 
ICICI Pru Large & Mid Cap Reg 
Kotak Emrgng Eqt Reg  SBI LT Eqt Reg 
Kotak Eqt Opp Reg 
Mirae Asset Midcap Reg  Union Tax Saver (ELSS) Reg 
Mirae Asset Emrgng Bluechip Reg 
Motilal Oswal Midcap Reg 

RATING DOWNGRADE List of funds that moved out of the five- and four-star grades in November 2023
HDFC Index Nifty 50 Reg JM ELSS Tax Saver Reg PGIM Ind ELSS Tax Saver Reg

HYBRID REGULAR (29/92)

HYBRID: AGGRESSIVE HYBRID Kotak Eqt Hybrid Reg  Kotak Debt Hybrid Reg 
Bank of Ind Mid & Small Cap Eqt & Debt Reg  Mahindra Manulife Aggressive Hybrid Reg  SBI Cons Hybrid Reg 
Baroda BNP Paribas Agrssv Hybrid Reg  Quant Absolute Reg  SBI Magnum Children’s Benefit Svngs Reg 
Canara Robeco Eqt Hybrid Reg  SBI Magnum Children’s Benefit Inv Reg  HYBRID: EQUITY SAVINGS
Edelweiss Agrsv Hybrid Reg  HYBRID: CONSERVATIVE HYBRID HDFC Eqt Svngs Reg 
Franklin Ind Eqt Hybrid Reg  Hybrid: Conservative Hybrid HSBC Eqt Svngs Reg 
HDFC Children’s Gift Reg  ABSL Regular Svngs Reg  ICICI Pru Eqt Svngs Reg 
HDFC Hybrid Eqt Reg  Canara Robeco Cons Hybrid Reg  Kotak Eqt Svngs Reg 
HDFC Retrmnt Svngs Hybrid Eqt Reg  HDFC Hybrid Debt Reg  SBI Eqt Svngs Reg 
ICICI Pru Eqt & Debt Reg  ICICI Pru Incm Optimizer (FOF) Reg 
UTI Eqt Svngs Reg 
JM Agrssv Hybrid Reg  ICICI Pru Regular Svngs Reg 

RATING DOWNGRADE List of funds that moved out of the five- and four-star grades in November 2023

Funds suspended for sale have been excluded.

mutual fund ratings are revised every month. The above ratings are as on November 30, 2023. For rating methodology, refer to Scoreboard Guide.

Mutual Fund Insight January 2024 95

Subscription copy of [[email protected]]. Redistribution prohibited.
 6&25(%2$5'

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)
Nippon Ind Small Cap | Small Cap 36.85 14.71 26.06 47.78 Kotak Eqt Opp | Large & MidCap 21.57 10.25 17.46 30.02
Quant Small Cap | Small Cap 43.84 17.27 25.06 45.26 JM ELSS Tax Saver | ELSS 21.21 10.16 17.32 29.80
Quant Tax Plan | ELSS 32.82 13.40 24.74 44.48 Templeton Ind Value | Value Oriented 26.04 11.41 17.31 29.78
SBI Small Cap | Small Cap 27.98 11.95 23.67 41.99 ICICI Pru Large & Mid Cap | Large & MidCap 24.43 10.98 17.25 29.68
Axis Small Cap | Small Cap 30.21 12.60 23.25 41.03 DSP ELSS Tax Saver | ELSS 21.11 10.13 17.25 29.68
Quant Mid Cap | Mid Cap 34.48 13.92 22.48 39.37 HDFC Flexi Cap | Flexi Cap 23.78 10.81 17.16 29.55
Quant Active | Multi Cap 29.50 12.39 22.47 39.34 Bandhan Core Eqt | Large & MidCap 23.47 10.73 17.16 29.54
Kotak Small Cap | Small Cap 31.00 12.83 22.43 39.27 DSP Midcap | Mid Cap 20.55 10.00 17.11 29.46
HDFC Small Cap | Small Cap 32.08 13.16 22.35 39.09 Invesco Ind Multicap | Multi Cap 22.10 10.38 17.08 29.41
Quant Flexi Cap | Flexi Cap 30.43 12.66 22.23 38.85 Edelweiss Large & Mid Cap | Large & MidCap 21.73 10.29 17.06 29.38
DSP Small Cap | Small Cap 31.30 12.93 21.68 37.71 Franklin Ind Prima | Mid Cap 22.06 10.37 17.05 29.36
Franklin Ind Smaller Companies | Small Cap 32.16 13.19 21.00 36.34 Kotak ELSS Tax Saver | ELSS 20.56 10.00 16.96 29.22
Edelweiss Mid Cap | Mid Cap 28.26 12.03 20.94 36.22 SBI Large & Midcap | Large & MidCap 21.77 10.30 16.92 29.15
Kotak Emrgng Eqt | Mid Cap 26.42 11.51 20.85 36.04 Tata Eqt PE | Value Oriented 21.52 10.23 16.92 29.15
Nippon Ind Growth | Mid Cap 29.55 12.40 20.69 35.74 Sundaram Midcap | Mid Cap 23.97 10.86 16.89 29.11
HDFC Mid-Cap Opp | Mid Cap 29.01 12.25 20.52 35.41 Franklin Ind Focused Eqt | Flexi Cap 21.26 10.17 16.84 29.04
ICICI Pru Smallcap | Small Cap 31.68 13.04 20.49 35.35 Nippon Ind Focused Eqt | Flexi Cap 21.61 10.26 16.84 29.04
Mirae Asset Emrgng Bluechip | Large & MidCap 21.32 10.19 20.05 34.53 DSP Eqt Opp | Large & MidCap 20.93 10.09 16.77 28.92
PGIM Ind Midcap Opp | Mid Cap 28.10 11.99 19.88 34.21 Sundaram Multi Cap | Multi Cap 21.50 10.23 16.74 28.88
Quant Large & Mid Cap | Large & MidCap 26.22 11.46 19.84 34.14 Canara Robeco ELSS Tax Saver | ELSS 19.88 9.84 16.72 28.84
Invesco Ind Mid Cap | Mid Cap 25.00 11.13 19.79 34.03 ABSL Small Cap | Small Cap 24.54 11.01 16.64 28.73
Parag Parikh Flexi Cap | Flexi Cap 24.15 10.90 19.69 33.86 HDFC Large and Mid Cap | Large & MidCap 25.06 11.15 16.60 28.66
SBI Contra | Value Oriented 30.65 12.73 19.69 33.85 ICICI Pru Multicap | Multi Cap 21.93 10.34 16.56 28.60
Tata Midcap Growth | Mid Cap 26.04 11.41 19.53 33.56 HDFC Focused 30 | Flexi Cap 24.93 11.11 16.51 28.52
JM Value | Value Oriented 26.58 11.56 19.37 33.27 Invesco Ind Growth Opp | Large & MidCap 19.82 9.82 16.49 28.49
SBI Magnum Midcap | Mid Cap 27.74 11.88 19.14 32.87 Franklin Ind Flexi Cap | Flexi Cap 22.24 10.41 16.43 28.41
Sundaram Small Cap | Small Cap 30.36 12.64 19.06 32.72 SBI LT Eqt | ELSS 23.76 10.80 16.37 28.31
Bank of Ind Tax Advtg | ELSS 24.60 11.02 18.94 32.51 ICICI Pru Focused Eqt | Flexi Cap 22.44 10.46 16.32 28.23
JM Flexicap | Flexi Cap 24.86 11.09 18.86 32.37 Nippon Ind Large Cap | Large Cap 21.36 10.19 16.31 28.22
Baroda BNP Paribas Midcap | Mid Cap 25.41 11.24 18.83 32.32 SBI Focused Eqt | Flexi Cap 17.78 9.35 16.30 28.20
Axis Midcap | Mid Cap 21.33 10.19 18.75 32.18 Tata ELSS Tax Saver | ELSS 19.04 9.64 16.28 28.17
HSBC Value | Value Oriented 25.38 11.23 18.71 32.12 ABSL Mid Cap | Mid Cap 22.93 10.59 16.24 28.11
Bandhan Sterling Value | Value Oriented 26.93 11.66 18.69 32.08 Tata Large & Midcap | Large & MidCap 20.14 9.90 16.21 28.07
Quant Absolute | Aggressive Hybrid 23.62 10.77 18.40 31.58 Sundaram Large & Midcap | Large & MidCap 19.32 9.70 16.21 28.07
Taurus Discovery (Midcap) | Mid Cap 24.41 10.97 18.40 31.58 Baroda BNP Paribas Multi Cap | Multi Cap 22.57 10.50 16.20 28.05
Bandhan ELSS Tax Saver | ELSS 24.14 10.90 18.23 31.29 DSP Flexi Cap | Flexi Cap 19.38 9.72 16.08 27.87
Quant Focused | Large Cap 23.48 10.73 18.15 31.15 Invesco India ELSS Tax Saver | ELSS 18.34 9.48 15.92 27.63
ICICI Pru Value Discovery | Value Oriented 25.39 11.23 18.04 30.96 ABSL Pure Value | Value Oriented 23.76 10.80 15.67 27.27
HSBC Midcap | Mid Cap 22.99 10.60 18.03 30.96 HDFC Children’s Gift | Aggressive Hybrid 19.24 9.69 15.61 27.18
Canara Robeco Emrgng Equities | Large & MidCap 19.58 9.76 18.01 30.93 ICICI Pru Bluechip | Large Cap 19.59 9.77 15.61 27.18
UTI Mid Cap | Mid Cap 24.51 11.00 17.95 30.82 Franklin Ind Taxshield | ELSS 21.14 10.14 15.60 27.16
Nippon Ind Multi Cap | Multi Cap 26.92 11.65 17.93 30.79 Canara Robeco Flexi Cap | Flexi Cap 17.93 9.38 15.46 26.96
Kotak Ind EQ Contra | Value Oriented 22.76 10.55 17.92 30.77 Tata Retrmnt Svngs Progrsv | Flexi Cap 17.19 9.21 15.44 26.92
Nippon Ind Value | Value Oriented 24.62 11.03 17.91 30.75 UTI Large & Mid Cap | Large & MidCap 22.52 10.49 15.41 26.89
ICICI Pru Midcap | Mid Cap 24.21 10.92 17.78 30.54 Canara Robeco Bluechip Eqt | Large Cap 17.27 9.23 15.41 26.89
Invesco India Contra | Value Oriented 20.31 9.94 17.54 30.14 HDFC Capital Builder Value | Value Oriented 20.12 9.89 15.40 26.87
ICICI Pru Eqt & Debt | Aggressive Hybrid 22.88 10.58 17.53 30.13 Sundaram Focused | Flexi Cap 18.48 9.51 15.32 26.76

Data of direct plans as of November 2023. Funds with less than 10-year history have been excluded.

96 Mutual Fund Insight January 2024

Subscription copy of [[email protected]]. Redistribution prohibited.

 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)

Union Flexi Cap | Flexi Cap 20.74 10.04 15.30 26.73 HDFC Index S&P BSE Sensex | Large Cap 15.35 8.81 13.48 24.24
Sundaram ELSS Tax Saver | ELSS 18.99 9.63 15.16 26.53 Franklin Ind Eqt Advtg | Large & MidCap 17.90 9.37 13.47 24.23
JM Focused | Large Cap 18.92 9.61 15.13 26.48 UTI Nifty 50 Index | Large Cap 15.84 8.91 13.43 24.17
Union Tax Saver (ELSS) | ELSS 20.83 10.07 15.11 26.46 Axis Bluechip | Large Cap 12.45 8.20 13.41 24.16
Kotak Flexicap | Flexi Cap 16.73 9.11 15.09 26.42 Bandhan Large Cap | Large Cap 16.23 9.00 13.40 24.14
Edelweiss Large Cap | Large Cap 18.31 9.47 15.08 26.41 Nippon Ind Index S&P BSE Sensex | Large Cap 15.41 8.82 13.39 24.12
ABSL Flexi Cap | Flexi Cap 17.49 9.28 15.07 26.40 HDFC Index Nifty 50 | Large Cap 15.77 8.90 13.38 24.11
SBI Flexicap | Flexi Cap 17.03 9.18 15.05 26.37 Quantum Eqt FoF | Flexi Cap 16.17 8.99 13.33 24.05
HDFC ELSS Tax Saver | ELSS 21.92 10.34 15.01 26.32 Tata Nifty 50 Index | Large Cap 15.76 8.89 13.32 24.04
Edelweiss Agrssv Hybrid | Aggressive Hybrid 19.68 9.79 14.98 26.27 ICICI Pru Nifty 50 Index | Large Cap 15.81 8.91 13.31 24.02
ICICI Pru ELSS Tax Saver | ELSS 18.65 9.55 14.97 26.25 Tata S&P BSE Sensex Index | Large Cap 15.12 8.76 13.30 24.01
JM Agrssv Hybrid | Aggressive Hybrid 22.82 10.56 14.97 26.25 Bandhan Focused Eqt | Flexi Cap 16.29 9.01 13.28 23.98
UTI Value | Value Oriented 19.76 9.81 14.91 26.18 Nippon Ind Index Nifty 50 | Large Cap 15.76 8.90 13.27 23.98
Mirae Asset Large Cap | Large Cap 15.81 8.91 14.91 26.17 ICICI Pru Child Care Gift | Aggressive Hybrid 16.78 9.12 13.24 23.93
HDFC Top 100 | Large Cap 19.38 9.72 14.79 26.00 SBI Nifty Index | Large Cap 15.72 8.89 13.23 23.93
Kotak Bluechip | Large Cap 17.64 9.31 14.76 25.96 JM Large Cap | Large Cap 16.92 9.15 13.19 23.87
Kotak Eqt Hybrid | Aggressive Hybrid 18.34 9.47 14.72 25.91 Taurus Nifty 50 Index | Large Cap 15.43 8.82 13.18 23.86
Baroda BNP Paribas Large Cap | Large Cap 17.32 9.24 14.69 25.86 SBI Eqt Hybrid | Aggressive Hybrid 13.89 8.49 13.11 23.76
Bank of Ind Large & Mid Cap Eqt | Large & MidCap 20.35 9.95 14.67 25.83 LIC MF S&P BSE Sensex Index | Large Cap 15.18 8.77 13.06 23.70
Invesco Ind Largecap | Large Cap 17.26 9.23 14.59 25.72 Franklin Ind NSE Nifty 50 Index | Large Cap 15.53 8.84 13.00 23.63
Baroda BNP Paribas ELSS | ELSS 18.05 9.41 14.54 25.65 Quantum ELSS Tax Saver | ELSS 17.47 9.28 13.00 23.63
SBI Bluechip | Large Cap 17.39 9.26 14.50 25.60 LIC MF Nifty 50 Index | Large Cap 15.59 8.86 12.99 23.62
Taurus ELSS Tax Saver | ELSS 17.85 9.36 14.50 25.60 ABSL Nifty 50 Index | Large Cap 15.61 8.86 12.96 23.58
UTI ELSS Tax Saver | ELSS 17.96 9.39 14.46 25.56 PGIM Ind Large Cap | Large Cap 14.99 8.73 12.92 23.53
Tata Retrmnt Svngs Moderate | Aggressive Hybrid 15.91 8.93 14.45 25.53 Quantum LT Eqt Value | Value Oriented 17.36 9.25 12.89 23.49
UTI Children’s Career Investment | Flexi Cap 17.36 9.25 14.28 25.30 Bandhan Flexi Cap | Flexi Cap 16.36 9.03 12.86 23.45
HSBC Flexi Cap | Flexi Cap 18.92 9.61 14.25 25.26 Axis Focused 25 | Flexi Cap 10.85 7.88 12.80 23.38
Edelweiss ELSS Tax Saver | ELSS 18.21 9.45 14.23 25.24 Nippon Ind ELSS Tax Saver | ELSS 19.14 9.66 12.71 23.26
Canara Robeco Eqt Hybrid | Aggressive Hybrid 15.55 8.85 14.22 25.22 ICICI Pru Nifty Next 50 Index | Large Cap 15.15 8.76 12.67 23.21
Nippon Ind Vision | Large & MidCap 20.56 10.00 14.19 25.19 Groww Large Cap | Large Cap 14.35 8.59 12.66 23.21
SBI Magnum Eqt ESG | Thematic-ESG 16.58 9.08 14.17 25.16 LIC MF Nifty Next 50 Index | Large Cap 15.16 8.76 12.64 23.18
DSP Eqt & Bond | Aggressive Hybrid 15.96 8.94 14.03 24.97 Sundaram Nifty 100 Equal Wght | Large Cap 17.56 9.30 12.57 23.09
LIC MF ELSS Tax Saver | ELSS 16.76 9.12 13.99 24.91 HDFC Hybrid Eqt | Aggressive Hybrid 16.15 8.98 12.52 23.03
Motilal Oswal Focused | Large Cap 15.80 8.90 13.96 24.88 DSP Top 100 Eqt | Large Cap 16.00 8.95 12.39 22.87
Tata Young Citizens | Flexi Cap 19.23 9.68 13.96 24.87 Franklin Ind Bluechip | Large Cap 15.42 8.82 12.37 22.85
UTI Flexi Cap | Flexi Cap 14.86 8.70 13.94 24.84 HSBC Agrssv Hybrid | Aggressive Hybrid 14.50 8.62 12.35 22.83
ICICI Pru Passive Strategy (FOF) | Flexi Cap 18.29 9.46 13.90 24.79 LIC MF Large Cap | Large Cap 13.54 8.42 12.17 22.60
DSP Focus | Flexi Cap 17.50 9.28 13.89 24.78 Tata Hybrid Eqt | Aggressive Hybrid 14.76 8.68 12.15 22.58
ABSL Focused | Large Cap 16.53 9.06 13.88 24.76 LIC MF ULIS | Aggressive Hybrid 14.03 8.52 11.71 22.06
ABSL Frontline Eqt | Large Cap 16.96 9.16 13.79 24.65 ABSL Eqt Hybrid ‘95 | Aggressive Hybrid 13.74 8.46 11.62 21.95
Tata Large Cap | Large Cap 17.11 9.19 13.79 24.65 Nippon Ind Eqt Hybrid | Aggressive Hybrid 15.68 8.88 11.55 21.87
HSBC ELSS Tax Saver | ELSS 17.18 9.21 13.77 24.62 LIC MF Flexi Cap | Flexi Cap 15.33 8.80 11.52 21.84
UTI Large Cap | Large Cap 16.17 8.99 13.71 24.54 ABSL ELSS Tax Relief 96 | ELSS 11.24 7.96 11.39 21.68
Axis LT Eqt | ELSS 13.14 8.34 13.69 24.51 Shriram Agrssv Hybrid | Aggressive Hybrid 13.64 8.44 11.22 21.49
ABSL Eqt Advtg | Large & MidCap 16.11 8.97 13.66 24.48 PGIM Ind Hybrid Eqt | Aggressive Hybrid 13.09 8.33 10.77 20.99
HSBC Large Cap | Large Cap 16.43 9.04 13.61 24.41 Taurus Largecap Eqt | Large Cap 14.06 8.53 10.66 20.86
Franklin Ind Eqt Hybrid | Aggressive Hybrid 16.54 9.07 13.59 24.39 Taurus Flexi Cap | Flexi Cap | Flexi Cap 15.07 8.75 10.65 20.85
Sundaram Agrssv Hybrid | Aggressive Hybrid 15.14 8.76 13.54 24.32 Bandhan Asset All. Agrssv | Aggressive Hybrid 13.09 8.33 10.47 20.66
UTI Agrssv Hybrid | Aggressive Hybrid 18.33 9.47 13.52 24.30 LIC MF Children’s Gift | Aggressive Hybrid 13.28 8.37 10.22 20.38
Bandhan Nifty 50 Index | Large Cap 15.96 8.94 13.52 24.29 LIC MF Agrssv Hybrid | Aggressive Hybrid 11.90 8.09 10.05 20.19
Data of direct plans as of November 2023. Funds with less than 10-year history have been excluded.

Mutual Fund Insight January 2024 97

Subscription copy of [[email protected]]. Redistribution prohibited.
 6&25(%2$5'

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)

Nippon Ind Small Cap 34.2 5.85 Axis Focused 25 4.7 3.87

Quant Small Cap 34.0 5.83 Axis Eqt Hybrid 7.1 4.01

Franklin Ind Smaller

32.9 5.75 Axis Bluechip 7.3 4.02
Companies

HSBC Small Cap 32.9 5.74 UTI Flexi Cap 7.6 4.04

HDFC Small Cap 31.5 5.64 Axis LT Eqt 8.6 4.10

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

Quant Small Cap 42.0 16.56 Axis Focused 25 9.6 7.64

ABSL ELSS
Nippon Ind Small Cap 35.7 14.32 10.3 7.78
Tax Saver

HSBC Small Cap 32.3 13.24 Axis Eqt Hybrid 10.5 7.82

Quant Mid Cap 32.0 13.14 LIC MF Agrssv Hybrid 10.7 7.84

Franklin Ind Smaller

31.1 12.86 Axis Bluechip 11.2 7.95
Companies

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

Nippon Ind Small Cap 24.9 44.89 LIC MF Agrssv Hybrid 8.8 18.95

Quant Small Cap 24.1 42.93 PGIM Ind Hybrid Eqt 9.1 19.21

Shriram Agrssv
Quant Tax Plan 23.3 41.15 9.8 19.96
Hybrid

SBI Small Cap 22.3 38.94 Taurus Largecap Eqt 10.3 20.43

ABSL ELSS
Axis Small Cap 21.7 37.69 10.4 20.56
Tax Saver

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 November 30, 2023.

98 Mutual Fund Insight January 2024

Subscription copy of [[email protected]]. Redistribution prohibited.

Subscription copy of [[email protected]]. Redistribution prohibited.
 >2ISKOMETERISASON.OVEMBER 

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JOWFTUNFOUT
BSF
TVCKFDU
UP
NBSLFU
SJTLT
SFBE
BMM
TDIFNF
SFMBUFE
EPDVNFOUT
DBSFGVMMZ
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Subscription copy of [[email protected]]. Redistribution prohibited.
Subscription copy of [[email protected]]. Redistribution prohibited.