mutual-fund-insight - Jan 2025

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-UTUAL&UNDINVESTMENTSARESUBJECTTOMARKETRISKS READALLSCHEMERELATEDDOCUMENTSCAREFULLY
Editorial Principles
Contents
Value Research is an independent
investment research company. Our goal
is to serve our readers with data, Cover Story 34
information and knowledge that inform
them about savings and investments
and help them learn how to make
better choices.
The basis of our work is the trust
reposed in us by our readers. We are
The
`100 cr
independent, fair and honest. We are
committed to achieving the highest
level of accuracy and impartiality in
everything that we publish.
We recognise that the nature of
our work is such that it influences
decisions that affect our readers’
future. We strive to bear this
responsibility with humility. We
recognise that while it is not possible to
dream
It’s possible with mid- and small-cap
be 100 per cent accurate, it is possible
to always strive to achieve that
funds! Let Mario guide you!
standard to the best of our abilities.
EDITOR-IN-CHIEF
Dhirendra Kumar
COPY EDITING
Agnisheik Chatterji, Khyati Simran
Nandrajog & Ujjal Das
RESEARCH AND ANALYSIS

Aakar Rastogi, Abhishek Rana, Ameya
Satyawadi, Ashish Menon, Ashutosh
Gupta, Chirag Madia, Karan Jaiswal,
Karthik Anand Vijay, Pranit Mathur & Fund Radar 12
Sneha Suri
DATA AND ANALYSIS Multi-cap

Apurva Srivastava, Bishal Das, Nidhi
Patel, Nishu Nagar, Pranav Kataria,
Sandeep P, Shruti Agarwal & Vijay Kumar
ratings are out!
DESIGN We also review
Aditya Roy, Aman Singhal, Anand Kumar, their performance
Aprajita Anushree, Harish Kumar, Kamal
Kant, Mukul Ojha, Nitin Yadav & Sakshi and if you should
PRODUCTION MANAGER & CIRCULATION invest in them
Hira Lal: +91-9958058407
ADVERTISING
Venkat K Naidu: +91-9664048666 Interview 30
Biswa Ranjan Palo: +91-9664075875
MARKETING ‘Our underlying

Aastha Tiwari, Ashish Jain, Badrish
Upadhyay & Jash Ashar belief is to be
CUSTOMER SUPPORT
Email: subscription@valueresearch.in
contra’
Phone: +91-99993 22422 Anish Tawakley
E-MAIL Co-CIO, Equity
editor@valueresearch.in ICICI Prudential Mutual Fund
January 2025 Volume XXII, Number 4

© 2024 Value Research India Pvt. Ltd. Mutual Fund Insight is owned by Value Research India Pvt. Ltd., 5, Commercial Complex, Chitra Vihar, Delhi 110092. Editor: Dhirendra Kumar. Printed and published by Dhirendra Kumar on behalf of Value
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4 Mutual Fund Insight January 2025

FIRST PAGE 9 INSIDE FUNDS 22 THE PLAN 54
Stretching z AUM under the lens Should you strike when the
towards the z Cashing in big market is cold?
impossible z Patience reaps rewards
DHIRENDRA KUMAR
VALUE RESEARCH
FUND ADVISOR 10
The habit machine
INTERVIEW 26
‘Large caps attractive after

recent
nt market correction’
KRISHNA
NA SANGHAVI
CIO – Equities
Mahindra
dra Manulife ASK VALUE RESEARCH 56
Mutuall Fund All your savings and
investment queries answered
FUND RADAR 14
SCOREBOARD 58
z Three funds for safe, BACK TO BASICS 43
short-term investors Optimising equity allocation z Equity, Hybrid & Debt funds
z Are value index funds worth z Index funds
your time? z ETFs
CATEGORY REVIEW 44
z Liquid vs short-duration funds
z Short-duration funds: Returns
have peaked
TOP-RATED FUNDS 98
z Equity savings funds: Shine for
retirees Funds that are at the top of the
Value Research food chain
INVESTORS’ SIP RETURNS 100

JOURNEYS 50 Value of a `10,000 monthly SIP
When clear across different time periods
READERS’ VOICE 20 turns hazy
Letters to the Editor’s Note SHYAMALI BASU
CALENDAR 2025
"Think before you speak. Read before you think."
– Frances Ann Lebowitz, American Author
Books authored by our Founder,

Mr. Parag Parikh Scan to download his Memoir
JANUARY FEBRUARY MARCH APRIL MAY JUNE
INVESTMENT ACORNS
BY WHITEOAK 52
10%>15%, if sized well
MANUJ JAIN, CFA These are a few of the books we added to our Library, in 2024.
Tentative list of trading holidays for the NSE Capital Market Segment, at the time of going to print.
3OHDVHYLVLWQVHLQGLDFRP!$ERXW!+ROLGD\VWRYLHZWKHıQDOOLVW
Disclaimer: This is merely a list curated with the objective of showcasing the diversity of our reading habits. We are not
endorsing any particular book herein. We also do not earn any incentive - monetary or otherwise - from the sale of any of
these books. amc.ppfas.com
AMC: PPFAS Asset Management Private Limited [CIN: U65100MH2011PTC220623], Sponsor: Parag Parikh Financial Advisory Services Limited, Trustee Company: PPFAS Trustee Company Private Limited
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FIRST PAGE
Stretching towards
the impossible
Dhirendra Kumar
T
Editor-in-chief
here’s this concept called making patterns. When you set a innovation, time is not
‘stretch targets’, defined as ‘a goal like `100 crore, something the enemy in investing – it’s your
challenging, ambitious goal that interesting happens to your greatest ally.
goes beyond what would normally financial mindset. Suddenly, that The real power of stretch targets
be expected or easily achievable.’ expensive car purchase doesn’t in investing lies in their ability to
‘Stretch targets’ stretch the mind seem so important. The latest extend our time horizons. When
and make it possible to achieve iPhone? A mid-priced Android you set a goal like `100 crore, you’re
something you may have phone may be a better choice. forced to think of it in decades
considered impossible. Here is That’s because stretch targets force rather than years. This longer time
something that Elon Musk said us to think in orders of magnitude horizon naturally guides you toward
when he was questioned about the rather than increments. better investment decisions. You’re
insane goals that he sets for his Remember, the surest way to less likely to panic during market
businesses, “Stop being patient and have more savings is to save more. corrections, more likely to invest in
start asking yourself, how do I Consider this: if your goal is to high-growth but volatile assets, and
accomplish my 10-year plan in six accumulate `5 crore, saving more inclined to reinvest your gains
months? You will probably fail but `20,000 on a purchase feels rather than book quick profits.
will be a lot further ahead of the significant. But when aiming for So, is `100 crore from a `10,000
person who simply accepted it `100 crore, you start thinking about SIP realistic? Perhaps only for some
would take 10 years.” ways to deploy `20,000 into high- investors. But that’s missing the
In a somewhat different way, our growth opportunities. Your mental point entirely. The value lies not in
cover story of the month is about a math shifts from “how much can I achieving the exact number but in
stretch target for mutual fund invest- save?” to “how can I multiply how pursuing such an ambitious
ing: can a monthly `10,000 SIP get this?” This is where stretch targets target reshapes your entire
you to `100 crore? When asked the become transformative rather than approach to wealth creation.
question without context, 10 out of just ambitious. Someone aiming for `100 crore
10 people would say, “No, such a The counterpoint to what I’m might reach ‘only’ `40 crore – but
feat is impossible”, and they are saying is obvious. People will say that’s still far more than they might
probably right. However, this is that such astronomical targets can have achieved with a more
where Musk’s concept needs to be be demotivating when progress ‘realistic’ goal of `10 crore.
applied. Simply setting an implausi- seems slow. They’re not entirely As we enter 2025, it’s time to
ble goal and working towards it will wrong. The journey from `10,000 rethink what’s possible in our
get you much, much closer to it monthly SIPs to `100 crore is not investment journeys. I’ve always
than someone who considers it just about returns and been a realist, but maybe the
impossible and never tries. compounding – it’s about traditional wisdom of setting
But a deeper psychology is at maintaining conviction through realistic goals is holding us back. In
play here that goes beyond goal market cycles that would test even a world where technological
setting. The beauty of stretch targets the most seasoned investors. But advancement is creating wealth at
in investing lies in their ambitious here’s where I diverge from Musk’s unprecedented speeds, perhaps the
nature and how they fundamentally ‘10 years in six months’ truly unrealistic approach is to
alter our behaviour and decision- philosophy. Unlike in business think too small.
Mutual Fund Insight January 2025 9

VALUE RESEARCH FUND ADVISOR
DHIRENDRA KUMAR
The habit machine

The word ‘habit’ is mentioned far more in the context of bad habits
than good habits. Here’s a way to change that.
I
am tempted to rename Value Research Fund resume when ready, maintaining the
Advisor to ‘Fund Investment Habit Machine’. psychological framework of the habit while
That’s because the most powerful force in accommodating real-life circumstances.
personal finance isn’t knowledge or money But the habit machine goes beyond just
itself – it’s habit. While it may sound surprising, automated transactions. It’s built on our deep
decades of watching Indian investors taught me understanding of Indian families’ investment
that the difference often comes down to whether patterns, which have accumulated over two
investing becomes an ingrained habit or remains decades. Every feature is designed to reinforce
an occasional activity. This lies at the heart of positive investment behaviours, and this is
Value Research Fund Advisor’s design, where woven into every aspect of our platform.
we’ve created what I like to call a ‘habit machine’ Our goal-oriented portfolio building transforms
– a system that transforms the tough task of abstract financial targets into concrete, habitual
regular investing into an effortless routine. actions. Instead of merely thinking about your
The science of habit formation tells something child’s education 15 years from now or planning
fascinating: habits aren’t created only through for retirement, you’re taking small, regular steps
willpower. Instead, they emerge from systems toward them through automated investments.
that make the right behaviour automatic. This is The system helps break down these life goals
precisely what our automated SIP feature At Fund into actionable investment plans with clear
accomplishes. When you set up an SIP through Advisor, the milestones, making the habit-building process
Fund Advisor, you’re not just scheduling a ‘habit more tangible and meaningful.
transaction – you’re establishing an investment machine’ The platform’s advanced fund selection
habit that is automated. The system handles the doesn’t just algorithms work quietly in the background,
complexities, ensures regularity and removes the automate sifting through 7,673 schemes of 1,745 funds in
friction that hinders consistent investing. transactions, 48 categories from 42 AMCs to find those that
Of course, we understand that life isn’t always but helps match your needs. This isn’t just about past
predictable. There might be months when your transform the returns – our evaluation methodology considers
finances are stretched thin, so we’ve included a tough task of many factors that impact long-term performance.
‘pause’ feature. This flexibility is crucial because investing into By automatically aligning your investments with
it prevents complete abandonment of the an effortless your goals and risk tolerance, we make it easier
investment habit during temporary financial routine to maintain good investment habits through
constraints. You can pause when needed and market fluctuations.

Illustration: Anand
Our continuous re-evaluation system ensures build and maintain healthy investment habits.
your investment habits stay productive and This approach is effective, as behavioural
purposeful. Markets change, fund performances scientists highlight the importance of habit
Creating
vary and life circumstances evolve. The habit formation. Small, consistent actions can yield
wealth isn’t
machine doesn’t just automate investments – it significant long-term results when automated.
about making
constantly evaluates these dynamics, filtering out Instead of aiming for dramatic changes or perfect
perfect
the noise and focusing on what truly matters. market timing, focus on a system of regular,
investment
The direct transaction capabilities remove automated investments that grow over time.
decisions but
another barrier to habit formation – friction. I’ve seen this transformation many times.
building
When our system suggests a portfolio adjustment Investors who initially struggled with sporadic
good
or you modify your investment routine, you can investments now effortlessly build substantial
investment
act immediately. This integration ensures that portfolios with our automated systems. The habit
habits. At
good investment intentions translate into habits machine takes care of the mechanics while they
Fund Advisor
rather than getting lost in procedural delays. focus on their lives. This is particularly powerful
we’ve made a
Our regular updates and alerts system is during market volatility when emotional
system that
designed to reinforce investment habits without responses can disrupt investment patterns.
puts this into
overwhelming you. We understand the difference The blend of behavioural science and
practice.
between important information and market technology makes investing simpler and more
noise, delivering updates focusing on what truly sustainable. When you join us, transferring your
matters to your portfolio. These are crafted to portfolio is effortless. Our system analyses your
help you maintain your investment habits, investments to understand their impact on your
providing clear and actionable insights in a financial journey, offering suggestions that align
language to help you make informed decisions. with your goals.
Our family-centric approach allows you to Ultimately, creating wealth isn’t about making
extend these good habits across generations. perfect investment decisions every time. It’s
With coverage for up to six family members about building and maintaining good investment
under one subscription, you can build a culture habits over the long term. With Value Research
of systematic investing within your entire Fund Advisor, we’ve made a system that puts it
household. The platform makes it seamless to into practice, helping transform your financial
manage all your family’s investments with a future one automated investment at a time.
single, intuitive interface. Whether you’re consolidating scattered
The habit machine’s foundation in investments, seeking expert guidance or planning
transparency and trust makes it particularly your family’s financial future, our habit machine
effective. Unlike platforms that push you toward offers the tools, expertise and support you need
certain funds for commission, our fee structure to make successful investing an effortless part of
ensures that our only interest is helping you your daily life.

FUND RADAR
Multi-cap atings ae out!

We also review their performance and if you should invest in them
By Ashish Menon Current scenario: Despite being a mid and small caps, benefiting
newer category, multi-cap funds long-term investors. The ‘forced
V
alue Research is releasing have grown significantly: mandate’ also enforces rebalancing,
ratings for multi-cap funds z Asset base: `1.75 lakh crore making multi-cap funds tax-efficient.
for the first time, following (compared to `5.97 lakh crore for 3. No liquidity constraints: Multi-cap
the completion of three years for flexi-caps funds). funds avoid liquidity issues affect-
10 such funds. z Number of multi-cap funds has ing mid- and small-cap funds by
With five stars, Nippon India grown from eight in early 2021 to limiting exposure to them to
Multi Cap Fund is the class topper, 33 today. 25 per cent each.
while Quant Active scrapes the bar-
rel at the other end as seen in the What has worked for multi-cap Our take
table below. funds? While multi-cap funds have fared
1. Superior performance: Multi-cap well so far, whether they sustain
Multi-cap funds: A quick history funds grew at 21.9 per cent every the trend during downturns
2020 SEBI regulations: ‘Forced man- year over the last three years, out- remains uncertain. Historically,
dates’ by SEBI for multi-cap funds, performing flexi-cap funds’ mid- and small-cap stocks tend to
required them to allocate at least 17.6 per cent. This is mainly due to fall more sharply in bear markets.
25 per cent each to large, mid and the strong performance of mid- and So, consider investing in multi-
small caps. small-cap stocks, to which these cap funds only if:
Flexi cap or multi cap: Initially, many funds must allocate at least z You have an investment horizon
viewed the distinction between 50 per cent of their assets. of at least five years.
flexi-cap and multi-cap funds as 2. Structured asset allocation: SEBI’s zYou have a high-risk appetite to
redundant, as flexi-cap funds could mandate ensures multi-cap funds handle the volatility of mid and
invest freely across market caps. have at least 50 per cent exposure to small caps.
10 multi-cap funds get rated by Value Research

Let’s look at the frontrunners and benchwarmers
Value Research Assets
Scheme rating Three-year returns (%) (` crore)
Nippon India Multi Cap 27.8 38,678

Kotak Multicap 27.9 14,799
ICICI Prudential Multicap 22.4 14,152
ITI Multi Cap 21.8 1,360
Mahindra Manulife Multi Cap 21.6 4,735
Baroda BNP Paribas Multi Cap 21.2 2,739
Invesco India Multi Cap 20.9 3,810
Aditya Birla Sun Life Multi Cap 18.5 6,234
AI-generated image
Sundaram Multi Cap 18.1 2,759

Quant Active 18.9 10,531
Ratings and returns are for direct plans as of November 30, 2024. Assets are as of October 31, 2024.

FUND RADAR
Thee funds for safe,

short-term investos
A better alternative to conservative hybrid funds
By Ameya Satyawadi
Lower the equity expsoure, lower the volatility
L
ooking for a less volatile, tax-efficient investment Net equity exposure
with growth potential? Consider equity savings Fund name Earlier Current
funds. They enjoy significant tax advantages over Franklin India 30-45% Since Jul '23:
conservative hybrid funds. Equity Savings Fund 15-18%
ICICI Prudential 30-50% Since Apr '21:
Equity Savings Fund 16-20%
PGIM India 30-40% Since Sep '21:
Equity Savings Fund 16-18%
Post-tax performance
Post-tax returns of avg.
Post-tax returns after new conservative hybrids after
Fund equity allocation (%) new equity allocation (%)
What are conservative What are equity savings funds?
Franklin India 10.03 8.3
hybrid funds? z They invest in a mix of equities,
Equity Savings
zThese funds combine debt debt and arbitrage opportunities.
investments (for safety) with a small z Like conservative hybrid funds, ICICI Prudential 8.09 6.36
portion of equity (for growth) to they too, offer safety through debt Equity Savings
create a balanced, low-risk portfolio. and growth through equity.
PGIM India Equity 6.24 5.67
Shortcomings Advantages Savings
z The gains from these funds are z As they invest 65 per cent of
money in equity and arbitrage, they Equity savings returns are taxed at 12.5 per cent, while conservative hybrid funds are
now taxed as per your income tax
taxed at 30 per cent. Returns since implementation of new equity allocation.
slab rate. Just like any regular enjoy equity fund-like tax benefits.
debt fund. z What’s that? If you stay invested
z It is not very tax-efficient if you for over a year, gains only above volatile compared to other equity savings funds.
fall under the highest 30 per cent `1.25 lakh will be taxed at Not just that, they are also more tax-efficient than con-
tax bracket. 12.5 per cent. servative hybrid funds, as they continue to maintain a
gross equity exposure of above 65 per cent.
Are there standout equity savings funds?
z ICICI Prudential Equity Savings Fund The final verdict
z Franklin India Equity Savings Fund zThese three equity savings funds offer stable returns
z PGIM India Equity Savings Fund with tax benefits from equity-like taxation.
Like other equity savings funds, they are tax-efficient, zIdeal for investors in the highest tax brackets who
stable and most importantly, offer low volatility. want tax-efficient returns and lower equity allocation.
Why do they offer lower volatility? Why they may not suit retirees
z These funds limited their net equity exposure to just These three funds may not suit retirees because they
15-16 per cent (the average for this category is 30 per cent) allocate only 15-16 per cent to equities. Generally,
in recent years. retirees should have at least one-third of their money
z This low allocation to equity ensures they are less in equities.

Ride through market volatility
automatically with
Balanced Advantage Fund
www.pgimindiamf.com 1800 209 7446 | 1800 266 7446 Follow us on:

All Mutual Fund Investors have to go through a one-time KYC (Know Your Customer) process. Investors should deal only with Registered Mutual Funds ('RMF'). For More in for on
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FUND RADAR
Ae value index funds

worth your time?
We unpack the performance of four value indices
By Karan Jaiswal and Nifty 200 Value 30

outperformed the BSE
C
urrently, we would say no. Three of the four 500 by approximately
value index funds – BSE Enhanced Value, Nifty 9 per cent this year and
500 Value 50 and Nifty 200 Value 30 – can be did better than most
avoided. While the fourth one – Nifty 50 Value 20 – has active value funds.
demonstrated strong long-term returns, we have one
concern regarding them. But before we delve deeper, Consistency in
let’s understand what value funds are. performance
zIf you consider five-year
Types of value funds rolling returns (to look at
Active value funds: These mutual funds actively pick an investment’s long-term
stocks of companies they believe are undervalued. consistency), active value
Passive value funds: Unlike active funds, these funds funds fared better.
don’t have a manager picking stocks; they simply zIn fact, 11 of the 14
invest in a list of stocks present in value indices,
which are chosen based on parameters like ROCE
(return on capital employed), P/E (price-to-earnings) Three of four value indices are inconsistent
ratio, P/B (price-to-book) value and dividend yield. They rarely do well based on daily five-year rolling returns
We are looking at these funds because one-third of all Index name % of times outperforming BSE 500 and value category
value funds follow a passive approach, with five of the
Nifty 50 Value 20 97
13 launched in 2024 and net inflows surging nearly
fourfold, reaching `1,700 crore by December 5, 2024. BSE Enhanced Value 34
Now that we know the difference between active and Nifty 500 Value 50 28
passive value funds, let’s look at how they compare. Nifty 200 Value 30 28
TRI data used for calculating returns for the period from November 2019 to 2024.
Year-wise performance
zSince 2021, most active value funds have consistent-
ly outperformed the BSE 500 in the post-Covid era but active value funds have outperformed BSE Enhanced
have lagged behind the BSE Enhanced Value, Nifty 200 Value, Nifty 500 Value 50 and Nifty 200 Value 30.
Value 30 and Nifty 500 Value 50 indices. zNifty 50 Value 20 is the only index to consistently
zThe resurgence of the three value indices this year outperform the active value category.
can be credited to their 60 per cent allocation to
PSU stocks. These stocks have grown at a rapid clip
since 2021. Key takeaways
zOn the other hand, active value funds didn’t do as zYou can avoid three of the four passive value indices (BSE
Enhanced Value, Nifty 500 Value 50 and Nifty 200 Value 30).
well owing to reduced exposure to PSU stocks from
zAlthough Nifty 50 Value 20 shows strong long-term returns,
17 per cent in December 2023 to 13 per cent (as of
80 per cent of its portfolio is in just 10 large-cap stocks and
October 2024). one-third is cornered by the IT sector, which can be risky.
zIndices like BSE Enhanced Value, Nifty 500 Value 50

FUND RADAR
Liquid funds vs
short-duation funds
Where should retirees invest for regular income?
This stability ensures that the money earmarked for

“I am retired and rely on a portfolio withdrawals is protected from market volatility, giving
you peace of mind.
designed for monthly SWP Ease of withdrawals: Liquid funds provide same-day or
withdrawals, with annual rebalancing. next-day redemption with minimal exit loads, making
Should I start an SWP from a liquid them perfect for generating predictable monthly
fund or a short-duration fund?” income. While short-duration funds are also liquid,
–Anonymous their slight NAV (net asset value) fluctuations can
impact the withdrawal amount.
Minimal impact on returns: The portion of your portfolio
L
iquid funds, known for their stability and low- parked in liquid funds, waiting to be withdrawn, is
risk profile, stand out as a better option than relatively small compared to the overall portfolio.
short-duration debt funds for SWPs (systematic While short-duration funds may offer marginally higher
withdrawal plans). With consistent positive returns returns, the difference in earnings for this small
and minimal fluctuations, they provide peace of mind, portion is negligible. For instance, the additional
ensuring your money is protected from market volatili- returns on a `10 lakh corpus parked in a short-duration
ty. Let’s find out why. fund might only amount to a few thousand rupees
annually – hardly worth the added risk.
Advantages of using a liquid fund for SWP Earn peace of mind: The primary benefit of using
Preservation of capital: Liquid funds almost never go down liquid funds is intangible yet invaluable – peace of
in value, even over short periods like a week or a month. mind. Knowing that your withdrawal money is secure
For instance: and unaffected by market
z A typical liquid fund, such as fluctuations allows you to sleep
Kotak Liquid Fund, shows soundly at night, free from the
consistently positive worry of short-term losses.
one-week (99.78 per cent
of the time in the last Our take
decade) and one-month Using a liquid fund for SWP
(100 per cent of the time withdrawals is a practical
in the last decade) and risk-free choice. The
rolling returns. potential higher returns from
z On the other hand, a short-
ort- sshort-duration funds are not
duration fund, such as Kotak
tak Bond worth the
th small risk of temporary
erience
Short Term Fund, can experience especially when this money is
dips, esp
brief dips in value, as seen
n in earmarked for immediate needs. By
earmarke
occasional negative one-week
week combining a liquid fund for
combinin
(15.8 per cent of the time in the last withdrawals and growth funds for
withdraw
decade) or one-month (7 per cent of the long-term capital appreciation, you
time in the last decade) rolling
lling returns due to stability, simplicity and peace
achieve stabi
interest rate movements orr credit events. of mind.

READERS’ VOICE
Letters to the Editor’s Note

Your response to the November 16 editorial ‘Ignore it all...’
D
hirendra Kumar’s
Editor’s Note titled
‘Ignore it all...’,
published on November
16, received considerable
feedback from readers.
His message about
cutting through the
market noise and staying
disciplined with
investing struck a chord
with our audience,
reflecting their strong
engagement with
the topic. As a token
of appreciation, we
dedicate this section
to our valued readers,
whose insights
help enrich
these discussions.
AI-generated image
Summary
I
’m sorry for being blunt, but the Adding to the confusion is the jar- your financial goals, investment
Indian stock market’s ups and gon experts use to disguise guess- horizon and risk tolerance.
downs often reveal self-pro- work. The same tools explain a Successful investing is boring.
claimed experts swinging like rally in one month and justify a Like nurturing a fruit tree, nothing
weather vanes in shifting winds. crash in the next. exciting happens daily, but consis-
One week, they proclaim a bull run; This endless cycle of contradicto- tent care yields abundant produce.
the next, they predict doom. What’s ry expertise can severely impact Build diversified portfolios aligned
remarkable is their unshakable con- retail investors. Ordinary savers, with your life, not trendy sectors.
fidence, hoping audiences forget bombarded by urgent calls to action Treat market declines as opportuni-
their earlier flip-flops. – ‘Buy now before it’s too late!’ or ties, not disasters. Stick to consis-
When markets dipped in ‘Sell everything immediately!’ – tent SIPs, rebalance portfolios and
October, the narrative was that often make poor decisions based on stay invested through cycles.
FIIs (foreign institutional inves- these shifting views. The secret to investing isn’t
tors) were shifting to China. So, what should savers do? knowing more but ignoring most of
Articles and reels praised China. Recognise what to ignore: breath- the noise. Avoiding the daily deluge
When markets reversed, so did the less headlines, WhatsApp for- of commentary and focusing on dis-
opinions, repeating this cycle wards touting the next big thing ciplined, long-term strategies is the
within weeks. Investors are some- and anyone claiming to know real path to financial success. In
how expected to glean wisdom where the market is headed. These investing, knowing what not to
from these contradictions. are all noise, not signals. Focus on know often makes all the difference.

What our readers say
Your article is very much in sync avoid unnecessary soundbites Absolutely bang on.
with the times we are going and remained a long-term inves- Unfortunately, our complex
through. Really, all analyses by tor in both quality shares and human mind fails to act ratio-
so-called experts are full of jar- mutual funds. nally when required most. As
gon. However, being a retired Thank you for your unwaver- you always say, discipline and
person and having been in this ing support of our old-school planning are the most import-
mutual fund industry since the way of thinking. ant, not being swayed by
time of US-64 and UTI S Chakraborty WhatsApp/YouTube University.
Mastershare, I have learned to Hemanth Kumar
Very useful to me as a distrib- Today’s note is perfect. It’s not positive mindset and believe
utor to stay invested. just market noise but nonsense tomorrow will be better.
Nowadays, investors are pru- being fed to serve vested inter- Markets move the same way.
dent and ignore the market’s ests. No one really knows (and The business channels exist for
hue and cry. Your essay is they’re not supposed to) which their own reasons, not to make
timely and encourages way the market is headed. money for viewers. Good article.
investors to invest more Like our lives, there are ups It reflected my views.
during downturns. and downs. We need to have a Vinay Nair
Gopala Krishnan
It was a pleasure to read such a sell when the market is crashing

Not only can I not agree more, precise write-up. I always appre- to control losses.” I just thank
but I also liked the simple ciate your thoughts about them for their concern and
statement: ‘Wisdom is to know investing habits and guidance move ahead.
what to ignore!’ on what not to do. I use each dip to add value
Exactly! Retailers like me need I am a vivid reader and regu- stocks to my portfolio, rebalance
this kind of thinking to keep larly read Wealth Insight and it regularly, and track my invest-
our money and mind bal- Mutual Fund Insight. I am a ments and returns.
anced! Thanks. long-term investor and often Shubhangi Padhye
Ramasubramanian N hear people say, “You should
Market soothsayers have two Thanks for all the valuable your wisdom and guidance.
lists of reasons: one when the insights you have given us over I wish to share with you some
market goes up and another the years. This week, too, your insights from my life’s journey,
when the market goes down. letter is of immense value to us. perhaps on some other day.
Depending on the market I have benefited a lot, and I God bless you always.
movement, they just tick a few hope my children and grand- Charles Nobbay D’Souza
items from one list, with some children will also benefit from
jargon thrown in. Market ups
and downs are the very rea-
sons for their existence. For
every groom, there has to be a Thank you very much for your again and again whenever I
bride for a marriage to happen. great insight. It was a wonderful feel confused.
Sarawgi article, which I wish to read Amitabh Nathroy

INSIDE FUNDS
AUM under the lens

The trends fueling the industry’s swelling asset base
10 fund houses with largest AUM growth in 2024 Big cities, bigger stakes
Zerodha Fund House bagged the number one spot with a Collectively, these 10 cities hold the lion’s share (62 per cent) of
staggering 1,976 per cent surge in its asset base! the mutual fund industry’s total AUM
z Growth in AUM (%)* z Current AUM (` cr)
% of AUM
Helios
250 | 2,971
Groww
179 | 1,536
JM Financial 12.2
178 | 13,560
0.9 Delhi
Jaipur
Bajaj Finserv 2.9 3.5
163 | 18,086 0.9
Ahmedabad Vadodara Kolkata
26.9
Quant 3.9
Mumbai 2.1
Zerodha Fund House 101 | 96,085
Pune
1,976 | 4,274 Hyderabad
Shriram
100 | 763 5.4 2.9
Motilal Oswal
Bengaluru
99 | 91,870 Chennai
Bank of India WhiteOak Capital

92 | 11,436 94 | 15,426
*Growth in AUM between December 31, 2023 and November 25, 2024 Source: AMFI. Data as of September 2024.
Meet the big five

Nearly 15 per cent of the industry’s active AUM is concentrated in just these fund managers’ hands
z AUM (` lakh cr) z No. of schemes
9
8
4 4 4
Sankaran Naren
Rama Iyer Srinivasan
Chirag Setalvad Gopal Agrawal Ihab Dalwai
2.53
1.90
1.42 1.41 1.35
ICICI Prudential SBI HDFC HDFC ICICI Prudential

Mutual Fund Mutual Fund Mutual Fund Mutual Fund Mutual Fund
Data for actively managed equity and hybrid funds only. AUM as of October 31, 2024.

Cashing in big
Here are the sectors and AMCs that raked in the most money. We
also review the performance of recently-launched NFOs.
Where are equity funds investing their money? Leading the inflow charts
Financials leads the pack, while sectors like Consumer staples These are the 10 most popular fund houses this year
and Real estate are attracting the least interest
Real estate z % of equity AUM Inflows in 2024 (` cr)
Consumer staples 1 | 45,654 z AUM (` cr)

6 | 2.40 lakh
Healthcare Others ICICI Prudential
8 | 3.18 lakh 1 | 26,996 Mutual Fund Kotak
SBI
1.12 lakh Mahindra
Mutual Fund
Mutual Fund
Financials 79,428
Materials 63,281
28 | 11.19 lakh
9 | 3.58 lakh
Total AUM
Energy & Utilities `40.55 lakh cr
9 | 3.73 lakh
Technology Tata Mutual
14 | 5.63 lakh Quant Fund
Industrials HDFC Nippon India Mutual Fund 27,487
12 | 4.73 lakh Mutual Fund Mutual Fund 36,171
96,637 90,898
Consumer Invesco ABSL
discretionary Mutual Mutual
13 | 5.38 lakh UTI
Fund Fund
Mutual Fund
24,461 22,304
As per portfolio disclosures for October 2024 and based on Value Research Sector 30,430
classification system
Inflows up to October 31, 2024. Based on Value Research Analysis.
Sasken Technologies z Net assets (%)

Quant Teck Recent NFOs: Performance report
3.9
Here is how these funds have fared since their debut
Ravindra Energy
Quant Manufacturing Returns
Launch since Category
3.1
Fund date inception (%) rank
Choice TRUSTMF Flexi Cap Apr 26, 2024 15.9 4/87

International
Bajaj Finserv Large and Mid Cap Feb 27, 2024 19.4 7/31
Samco Special
Unique picks Opportunities PGIM India Large and Mid Cap Feb 12, 2024 18.1 16/30
These five stocks are 2.7 Motilal Oswal Large Cap Feb 06, 2024 27.1 26/98
backed by only a
DSP Multicap Jan 30, 2024 20.9 9/24
single fund Ambika Cotton Mills
Taurus Flexi Cap Old Bridge Focused Equity Jan 24, 2024 16.1 62/86
2.5
Motilal Oswal Small Cap Dec 26, 2023 38.1 2/38
WhiteOak Capital Large & Mid Cap Dec 22, 2023 25.7 13/29
Capri Global Capital Helios Flexi Cap Nov 13, 2023 37.8 19/84
Quant ELSS Tax Saver
2.3 Quantum Small Cap Nov 03, 2023 21.5 36/36
Based on portfolio disclosures for the month of October 2024 for all open-ended Returns for direct plans as of November 22, 2024. Only diversified equity funds
actively managed equity funds launched in the last one year and with at least a six months’ track record considered.

INSIDE FUNDS
Patience reaps rewards

Despite short-term volatility, equity investing pays off in the long run
Winning the waiting game

Over 15 years, even the worst performers gave positive returns. So, stay invested.
Large-cap Mid-cap Small-cap BSE BSE Mid BSE Small BSE

funds funds funds 100 TRI Cap TRI Cap TRI 500 TRI
Minimum -64.3 -77.1 -67.4 -58.0 -67.9 -73.3 -60.2

One-year
Maximum 199.4 229.4 218.7 121.3 167.6 202.6 130.3
returns
Average 18.6 26.4 27.7 14.1 18.2 21.3 16.2
Minimum -22.1 -15.7 -11.7 -1.0 -5.0 -10.1 -1.4
5-year
Maximum 61.8 74.9 50.5 23.7 31.5 36.8 23.6
How time turns equity into profit returns
Average 14.3 17.3 20.5 12.2 13.5 11.8 12.2
In the long run, equities have always been in
the green Minimum -6.6 -2.4 3.4 5.2 5.2 1.7 5.2
10-year
Minimum Sensex returns across different time Maximum 40.2 43.6 30.5 18.4 21.7 23.2 19.0
returns
periods since 1995 Average 14.2 17.7 18.2 12.4 14.2 12.4 12.6
1M 1Y 3Y 5Y 7Y 10Y 15Y Minimum 0.5 2.3 6.2 8.4 7.7 6.2 8.4
-49% -62% -20% -9% -4% 4% 7% 15-year
Maximum 28.3 30.9 27.5 18.0 21.6 21.5 18.8
returns
What happened: Over longer time periods (10 years or Average 14.4 16.6 16.8 12.7 14.2 12.4 12.9
more), there were zero negative returns
1M 1Y 3Y 5Y 7Y 10Y 15Y Instances of negative returns (%)*
Fund category/Index 1-year 5-year 10-year 15-year
-49% -62% -20% -9% -4% – –
Large-cap funds 19.6 2.2 0.1 -
What you focused on: Investing in equities results in
Mid-cap funds 19.5 3.0 0.0 -
huge losses
1M 1Y 3Y 5Y 7Y Small-cap funds 19.0 1.9 - -
-49% -62% -20% -9% -4% BSE 100 TRI 20.2 0.8 - -
BSE Mid Cap TRI 31.9 6.0 - -
The truth: Equity generates positive returns in the long run.
So, stay invested. BSE Small Cap TRI 35.2 12.1 - -
10Y 15Y 20Y 25Y BSE 500 TRI 21.4 1.2 - -
4% 7% 8% 8% *On an average for the respective fund categories.
Data from January 1, 1995 until October 28, 2024. In the case of mutual funds, only active funds in their
Fact: Equity is a long-term game respective categories have been considered.
Get money smart The
Know the risks, suitability, return potential, tax benefits and how Saver’s
to invest in various investment options Guide saving
Complete guide to all
s
and investing option
2024-25

INTERVIEW
‘Large caps
attractive
after recent
market
correction’
Sanghavi on which pockets of
KRISHNA SANGHAVI
the market seem appealing CIO – Equities, Mahindra Manulife
after the recent downturn Mutual Fund
A
s the markets correct, Krishna management may be slightly more
Sanghavi of Mahindra Net assets across actively-managed ambitious and dynamic. Usually, the
Manulife AMC views this as a equity funds: `11,517 crore re-rating opportunity is evaluated in
a chance for mid and small caps to Market-cap mix a span of around 18 months.
‘consolidate’, noting that these stocks Mid cap 41% Anything longer represents a
need time to align with their earnings potentially challenging decision, as
after a strong rally. While their visibility may suddenly diminish
valuations remain high, they Large cap 39% Small cap 15% when the timeframe is extended.
typically correct over time. Portfolio related data as of October 31, 2024
Sanghavi, CIO – Equities of What key factors do you look for
Mahindra Manulife Mutual Fund, The thought process has been that as when deciding to buy a stock?
manages a portfolio worth the economy grows, the incremental At Mahindra Manulife Mutual Fund,
`11,517 crore across four equity profit pool participation changes we select stocks using a framework
schemes, including the four-star across sectors. Along with changes in known as GCMV. Regarding growth,
rated Mahindra Manulife Focused profit participation, the multiples the idea is simple – we try to
Fund. In this interview, he shares his associated with those sectors also evaluate every company based on its
views on the current market correc- change, a phenomenon termed merit. Is there growth potential? Does
tions, the principles driving his ‘re-rating’. The idea is to concentrate the company’s growth stem from
investing strategy, the GCMV on companies that have the potential volume growth or the pricing power
(growth, cash flows, management to increase their current multiples to of premium products?
and valuation) framework followed a higher level. Typically, a shift in The second aspect involves the
by the fund house and the reasons corporate earnings profile or company’s ability to generate cash
for the outperformance of his funds. management drives these changes. flow independently, which is crucial
Occasionally, a change in for future growth. We have observed
How would you describe your management initiates a new growth numerous instances where
investment philosophy? phase for the company, as the new companies with growth find

themselves increasingly dependent the upside. These ratios typically
on external funding. Therefore, they Performance report indicate potential excesses on both
either continue to raise funds or use In % sides. Perhaps there is potential for
leverage to achieve their growth. Mahindra Manulife Biz Cycle Fund that 135 per cent ratio to decrease
The third variable is management Managing since August 21, 2023 and the 85 per cent ratio to increase.
quality, which is determined by the Fund 39.95 However, we believe that a range
management’s track record of of 100-110 per cent is a favourable
Category average 30.73
delivery, corporate governance, ratio, particularly when considering
related party transactions, etc. This BSE 500 TRI 24.39 the next 18 months. So, mid and
leads us to believe certain Returns and category averages reflect direct
small caps had their sharp rally, and
management teams have the plans. Data considered from August 21, 2023 that’s the nature of the market. They
until November 30, 2024.
potential to generate significant did so well in the last 12-15 months,
wealth through both increased Mahindra Manulife Focused Fund and it’s partly good that they take a
earnings and multiple expansions. Managing since October 26, 2020 little bit of a consolidation phase,
And the fourth variable is valuation, where the earnings catch up, and the
Fund 29.42
which plays a role in normalising next leg of the rally can begin.
market excesses. Category average 23.12
After examining these variables,
22.41
As CIO of equities, what principles
BSE 500 TRI
the next step involves determining guide your investment strategy?
the company’s intrinsic value. Is Returns and category averages reflect direct plans. One of the benefits of having a team
Data considered from October 26, 2020 until
there a catalyst that can potentially November 30, 2024. of fund managers who are specialists
increase the intrinsic value of this is that knowledge exchange is great.
company relative to its current price Secondly, if you look at flows or Everybody has their own awareness
within a period of 18 months? If liquidity, a clear challenge has been about the stock or the sectors they
yes, we are more inclined to buy the sharp round of selling by FPIs in cover, which helps the entire team.
those stocks for our portfolio. a very short period. Starting October, We have implemented a few rules,
they have sold nearly $17-18 billion such as the primary stock selection
With the recent market corrections, in seven to eight weeks. process, where I am responsible for
do you think valuations are attractive So, to some extent, the market adding stocks to the fund universe.
now, or are they still high? correction is influenced by both Post this, each fund manager
Anything that is slightly cheaper selling and the disappointment in independently builds portfolios
than yesterday is usually attractive. earnings. But are markets attractive? based on their style and core market
That said, let’s look at the two Perhaps yes, especially when it insights. Also, each has a specific
underlying variables associated with comes to the large-cap category. The mandate, which involves managing
understanding the markets’ only challenge in large caps is that mandates on specific market caps
valuation. The first is earnings, we got sharp selling by FPIs, who, on (mid-, small- or multi-cap fund).
which experienced some misses in average, own far more large caps The CIO oversees the risk
the second quarter of the current than mid or small caps Thus, we can management part where we monitor
financial year. If I delve deeper, the assume that the demand-supply the overweight or the underweight
Financial sector has consistently dynamics in stocks are also in play. limits on stocks or sectors. Fund
outperformed the non-financial managers can seek deviation after
sector in terms of earnings growth. Do you still think mid- and small-cap discussion with the CIO.
Financials have contributed stocks are richly valued?
significantly more to the profit pool Mid and small caps stay expensive. Several Mahindra Manulife funds,
than the non-financial sector. To However, we’ve learned over time like the mid-cap, focused and multi-
some extent, the earnings situation is that some elevated valuations adjust cap funds, did well in the last three
not entirely dire; certain sectors have with time or price corrections. Even years. What drove their success?
experienced a significant boost, while if we look at India as a whole, we’ve Let’s look at the last three years in
other stocks that failed to meet seen that the market cap-to-GDP ratio terms of the Indian economy itself.
expected earnings have seen a more swung between 80-85 per cent on the The big change after Covid has been
substantial decline. downside and 130-135 per cent on a decent jump in the GDP growth

INTERVIEW
rate. In the past, we have seen that When I mention 18 months, it
companies do very well when there doesn’t imply that we will sell the
is strong nominal GDP growth. The investments at the end of that period.
volume growth starts to pick up, We are taking advantage of the
pricing power kicks in and operating current state of the Indian economy,
leverage starts playing out, leading to which allows us to understand the
earnings growth. valuations for the next 18 months,
In this three-year cycle, we also which we can factor in today. The
had low interest rates for the system number is not static, as prices and
as a whole, which benefited the variables change in the market and
corporates. If we look at the sectors, economy. The idea is to avoid
what clearly helped was the early creating a model that predicts what
identification of manufacturing as a might occur three to five years in the
core theme. PLI (production-linked Being underweight in future, as it can be easy to construct
incentive) schemes were driving mid caps due to but challenging to justify in the real
attention among corporates to enter world due to complexity of linearity.
new sectors. They were interested in
valuation concerns From the perspective of the stock
this incentive support, which helped helped in the focused market, a re-rating of the stock could
them create a growth story for their fund’s outperformance potentially accelerate achievement of
future expansions. the price target. Hence, a period of
So, we invested in 18 months is more measurable and
manufacturing early, and the How do you balance short-term manageable. The stock can remain in
subsequent part was the power performance and long-term goals, the portfolio for an extended period
sector. If manufacturing has to take especially in a volatile market? based on its delivery and our future
over as a theme in India, what That’s the toughest challenge. So, outlook. We have held several stocks
ecosystem will it require? Two we try to maintain that balance by in our portfolios for a period of
things came to mind. One was the making small, marginal changes 18 quarters, though we initially
availability of power because the without diluting our conviction in bought them for the 18-month mark.
ability to manufacture can take a the companies we have invested
back seat in the absence of power. in. Managing short-term versus Mahindra Manulife Focused Fund
Second was the China Plus One long-term challenges, particularly has outperformed its peers
theme, where basic raw materials, in volatile markets, can be consistently. Given many focused
whether metals, steel or achieved by adjusting the weight. funds lean towards large caps, what
aluminium, might need to be made This is because we don’t want to factors have driven your fund’s
in India than bought from China. lose a stock just because of near- superior performance?
Because of this change in term volatility. The focused fund has recently
dynamics, where manufacturing Another option is whether we can concluded its four-year journey.
was likely to pick up growth, transition into a similar theme, albeit During this time, I have generally
anybody who is a supplier to those with a different market cap profile. maintained a moderately overweight
manufacturing companies will also The idea is not to lose the sector but position in large and small caps,
experience disproportionate to have stocks within those sectors as with a slightly underweight position
growth. That’s where, from that long as the underlying dynamics are in mid caps. We are underweight in
4-5 per cent growth rate, the similar on the opportunity and mid caps due to their inherent
potential can go to 8 per cent, and earnings front. Otherwise, the final valuation concerns.
the funds did participate in those balance is determined by two factors The other factor was India’s strong
themes. Also, orientation towards – diversification and valuations. nominal GDP during this period. In
small cap as a space has helped the many companies, operating leverage
funds over the last three years. You mentioned a time frame of changed the incremental business
On average, we would be 18 months. Is it because many other outlook due to variables related to
far more overweight on small caps fund managers have longer Manufacturing. These are the main
over this entire cycle. investment horizons? reasons for the outperformance.

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Mutual fund investments are subject to market risks, read all scheme related document carefully.
ANISH TAWAKLEY
INTERVIEW Co-CIO, Equity, ICICI Prudential Mutual Fund
‘Our underlying
belief is to be
contra’
ICICI Prudential Mutual Fund’s Tawakley on
his fund house’s investment philosophy
A
nish Tawakley, Co-CIO, progressed, and how much of it
Equity at ICICI Prudential was planned?
Mutual Fund, began his That’s difficult, but let me explain
career as a consultant but soon how it worked out. At IIM Bangalore,
realised his passion for the where I pursued my post-graduation,
analytical aspects of the field. This I fell in love with economics.
led him to transition to the markets, Consulting was a natural progression,
which he saw as a ‘better place’ to particularly strategy consulting, as it
apply his skills. was all about applying economic
Currently, Tawakley manages principles to business strategies. I
assets worth nearly `97,000 crore used to love the analytical aspects of
across five equity schemes, including consulting. Over time, I realised that
the ICICI Bluechip Fund, the AMC’s markets would be a better place to
largest fund. In this interview, he apply the same thinking.
shares insights into his stock-picking In consulting, you are helping
approach, emphasising the businesses develop their strategy and
importance of avoiding ‘recency bias’ plan execution. In markets, it’s the
in investing. He also explains the other side of the coin – you’re
‘barbell’ strategy applied across his choosing between companies based
funds, his outlook on on if their strategy is
the Manufacturing right or if they can
sector, and why the Net assets across execute that strategy.
fund house does not actively-managed So, while my fund
equity funds:
follow a ‘value’ management is very
`96,926 crore
investment philosophy. research-oriented, I
like to understand
Market-cap mix
You have diverse and form an
Mid cap 8%
experience working for independent view of
organisations like what I think will
McKinsey, Bernstein, happen to this
Barclays and Credit Small cap
industry and what
Suisse. Now, you are Large cap will happen to this
77% 4%
the Co-CIO of Equity at company over time.
Portfolio related data as of
ICICI Prudential AMC. October 31, 2024
A lot of time is
How have things focused on forecasting

earnings than discussing the right similar happened in the early 2000s
multiples. There’s no point in Performance report when margins went up and
discussing multiples if you don’t In % corrected because volume growth
have a good grip on the earnings. slowed. So we ask if this trend can
ICICI Prudential Bluechip Fund
Managing since September 5, 2018
continue forever. How is
Has this approach helped you avoid profitability faring, and what is the
overhyped companies or spot Fund 16 normal profitability, even for a good
undervalued ones others overlook? company? If we don’t reach the
Category 15
In short, it hasn’t. I think investing is same conclusion as the market
about stepping away from recency BSE 500 TRI 15 extrapolates, we step away from it.
bias – the noise and the hype created
either by extrapolating short-term Can you explain the barbell strategy
growth or near-term problems. So, across the funds you manage? What
ICICI Prudential Biz. Cycle Fund
much of it is also about having a kind of companies fit your approach?
Managing since December 29, 2020
passion for studying the history of What I mean by the barbell strategy
industries and economies. Neither Fund 25 is that I would either buy companies
good times nor bad times last forever. that have cheap valuations or those
In many cases, particularly in value Category 23 that are completely out of favour. Or,
investing, one might not be able to I would also pay up for a high-
figure out the solution, but somebody BSE 500 TRI 19 quality growth company. I feel the
will be figuring it out. You have to factor of safety at both ends. So what
place your faith in mean reversion – does it leave out? It leaves out the
the tendency of things to return to ICICI Prudential Innovation Fund stuff in the middle that generally
their average state. Managing since April 10, 2023 goes by the name of GARP – growth
Fund 44 at a reasonable price.
Can you explain how this philosophy At the value end, you’re playing
has shaped your core beliefs? Category 35 for mean reversion and bringing
Let me explain what we mean. Stock patience to the table. The only risk
market returns basically come from BSE 500 TRI 29 you avoid is that the company
two sources: earnings growth and shouldn’t go bankrupt while waiting.
multiples. Multiples are higher for So, you don’t play leverage in this,
companies with strong growth, but ICICI Prudential Mfg. Fund and here, the safety factor comes
ultimately align with earnings. What Managing since September 21, 2018 from the fact that you bought cheap.
I mean is that the multiples will be Now, suppose you’re buying a
Fund 23
based on how the company is doing company that meets both growth and
in terms of earnings. If you have a Category 20 quality parameters. Here, I’m not
good grip on earnings, multiples will saying you completely ignore the
care for themselves. Take FMCG BSE 500 TRI 18 multiples, but it doesn’t really matter
companies as an example. In my whether you’re paying 40 or 45 times
published portfolio, we have been earnings because if the company is
very underweight in this sector for ICICI Prudential Smallcap Fund going to grow, say, mid-teens, the
long. This captures both my Managing since September 18, 2023 difference between 40 and 45 is six
fascination with history and or nine months of earnings. But, you
Fund 25
economics. Historically, the market need to be sure that the company
has been extrapolating permanent Category 36
you’re buying is a good, high-quality
increases in the margin, assuming growth company.
BSE 250 What’s the test? It should either be
that companies will keep on 34
Smallcap TRI
premiumising and margins will keep a market leader or be amongst the
improving. But there is no industry Point-to-point returns of direct plans as of leaders. It should have a track record
November 29, 2024.
where margins go to 100. Something of profitability and compounding

INTERVIEW
scalable businesses. Here, the factor domestic demand for manufactured

of safety comes from compounding. goods depends on real estate.
So, why do I avoid GARP? This is
because I find these companies often How do you find small companies
have similarities with the market with the potential to become larger
leader but are not as strong. If the market leaders?
number one or number three The definition of a good company
company is doing the right things, doesn’t change, be it a small or a
the number seven company won’t large cap. A good company is one
displace them. So, I don’t want to A good company should that has a strong competitive position
pay up for the hope that a number be a market leader, in its industry. It should be a market
seven or number 10 player will leader, have a track record of
have a track record of
suddenly displace the number one profitability and be growing. Suppose
and cover the ground. profitability and show you’re in a large industry like auto,
signs of further growth the market leader ends up being a
Talking about the Innovation Fund, large cap. If you’re in a small
how do you approach innovation-led industry, like auto components, the
sectors in India and globally? What demand. My view is India will market leader will be a small or a
indicators do you look at when remain an importer of goods. mid cap. You only need to know is
deciding where to invest? Let me explain why we want to that there may be some multi-baggers
The Innovation Fund likely defines attract foreign capital. We want to in small caps.
innovation more broadly than usual. run a capital account surplus. But, So, you have to be open to
Innovation isn’t only about coming if you have capital account inflows, companies with much upside
up with a dramatically new product. you will have current account potential. Thus, in small caps, you
It also includes reaching out to outflows, so you will have a current need to take a bit more risk for
customers and even smaller account deficit. If you have a companies with that upside.
innovations, such as those in current account deficit, you’ll be
consumer products. Changing the importing and exporting some stuff As an AMC, you tilt more towards
pack size also counts as ‘innovation’. since we are good at service exports value. How do you balance it?
So, I see this fund as our ‘growth’ and will always be a net exporter of We aren’t a value fund house. This
and ‘quality’ fund. services. The fact that we’re an impression has come about since
Usually, companies gaining market importer of goods is a feature of the Sankaran Naren is seen as a value
share are doing something Indian economy as we are an manager. But, he’s actually a
innovative. Apart from some very attractive destination. contra manager. He either buys
old-world industries, even if you look Manufacturing activity, from the stocks after they’ve dropped a lot
at consumer goods or automobiles, exports front, has done what it had or buys the most expensive ones
companies gaining market share are to do to keep our current account that would never fit otherwise into
doing something innovative. in good shape. The current account a value portfolio.
To put it better, the Innovation isn’t a problem, because The point here is we have an
Fund is the opposite of a value fund. manufacturing has balanced. We’ve underlying belief that you have to
exported as much as was required, be contra, but that doesn’t mean
Regarding the Manufacturing Fund, so I’m not a big fan of export- you never buy expensive stocks. If
which industries excite you? What is driven manufacturing. an expensive stock has
your view of manufacturing in India? Now, when will underperformed for some
Manufacturing has done quite well in domestically-driven Watch full time, it’s still expensive; it
interview
India. I believe it always follows real manufacturing grow? And has underperformed, but it
estate. There are two types of there I say it’s driven by real is a contra. So you can
manufacturing: manufacturing to estate. People with larger contra growth, value or
meet export demand and houses have more room to even quality. However, we
manufacturing to meet domestic keep goods. So, my point is don’t follow momentum.

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COVER STORY
The
`100 cr
dream
It’s possible with mid- and small-cap funds!
Let Mario guide you!
Illustrations: ANAND
small-cap funds to reach the every year, that person would be

By Ashish Menon
L
`100 crore club, in spite of market sitting on `42 crore now. Going by
adies and gentlemen, fasten volatility and unexpected twists historical averages, if the person kept
your seatbelts, for we are acting as roadblocks. going for another five to six years,
about to step into the shoes If you are thinking we have lost they would hit the incredible
of Mario, the beloved video our marbles, steady on. Let’s give `100 crore mark. But just like
game hero. But instead of jumping you a real-life example of the Mario’s quest to save his princess is
over Goombas and dodging fireballs Franklin India Prima Fund, the oldest filled with excitement – good and
to save Princess Peach, our path will mid-cap fund in the country. If one bad – reaching the `100 crore club
be one of discipline to build wealth. had invested `10,000 per month too is an adventure where the stakes
A path where we keep moving since the fund’s inception in 1993 are high, the risks are many but the
ahead with the help of mid- and and stepped it up by 10 per cent rewards are life-altering.
Odds of small and micro caps increasing in size has been minimal in last 20 years
Only 21 per cent of small caps have maintained their status quo or grown larger in last 20 years. It is only 3 per cent in micro caps’ case.
% of the category Average returns (%)
Large Large 2
46 9
cap cap
32 42
19
Mid Mid 5 1
25 17 44
cap cap
14 25 33
14 2
Small Small
15 27 26 39
cap cap
9 18 15
Micro 14 Micro
47 5 79 10 97
cap cap
-3
Based on market cap as of March 31, 2000 to March 31, 2024. Average of 20-year rolling periods have been considered

COVER STORY
Benefits of investing in mid

and small-cap funds
A leap of faith in mid- and Super Star: Compounding
small-cap funds bigs up your corpus
The beginning of every Mario Compounding is like Mario’s ‘Super
adventure starts with a leap into Star’, giving you immunity against
the unknown. It’s the same when market dips and volatility. Over
investing in mid- and small-cap 20-30 years, this simple and consis-
funds. While the risk can feel tent strategy could lead you to your
daunting, the potential for growth dreamland of `100 crore. Consider
is enormous. this: a simple `10,000 monthly SIP,
increased by 10 per cent annually, at
returns of 19 per cent over 35 years,
The snowball effect could be worth over `87 crore. And
Worth of a `10,000 monthly SIP stepped if you think our assumed growth
up by 10 per cent every year rate of 19 per cent is very ambitious,
Figures in ` crore let this sink in: even a middle-of-
Investment horizon the-road small-cap fund has grown
Returns 15 yrs 20 yrs 25 yrs 30 yrs 35 yrs 19 per cent in the last 10 years.
16% 1.2 3.1 7.7 18.2 42.1 Meanwhile, if your mid- and small-
17% 1.3 3.5 9.0 22.1 53.3
cap funds grow at 20 per cent for
Think of mid- and small-cap 35 years, you’d have a cash pile of
18% 1.4 4.0 10.6 27.0 68.1
funds as boosts from the Mario nearly `113 crore (see ‘The snowball
game. They can be engines of 19% 1.6 4.5 12.5 33.2 87.4 effect’ table).
explosive growth. Unlike large-cap 20% 1.7 5.2 14.7 41.1 112.9 Given the high growth rate,
companies that are more reliable and compounding can have a snowball
steady Eddies, mid and small caps In other words, there are effect. It may appear small at first,
are daredevils. These stocks have opportunities for massive value but if you keep rolling it long
historically given annualised returns appreciation. They may look enough, you will end up with a
in the range of 15-20 per cent over ordinary on the surface, but for mountain of wealth. They say good
long investment horizons, and if left those who dig deeper and uncover things come to those who wait, but
to compound over decades, these their potential, they hold untapped with compounding, amazing things
can act like Mario’s power-ups to treasures. With the right research come to those who wait and invest
become something substantial. and strategy, these gems can wisely. Patience isn’t just a virtue
Very substantial. reward investors with outsized here. It’s the secret sauce to
returns over time. unlocking exponential wealth.
Hidden blocks:
Faster wealth creation
Like Mario coins and stars that
boost speed, mid- and small-cap
companies are hidden gems that
can turbocharge your dreams of
wealth. They are out there, but
you’ve got to be willing to dig.
That’s because these companies
tend to be under-researched.

COVER STORY
Risks of investing in mid and

small-cap funds
Roller coaster ride
As any seasoned videogame player Knocks and recoveries
knows, a game’s journey is never If you invest in mid- and small-cap funds, be prepared to see your money halve on
smooth. It’s the same when you multiple occasions and experience a few years of negative returns
invest in mid- and small-cap funds.
While they can generate eye-pop- Steepest Recovery time
ping wealth, investors have to face drawdown (in years)
inevitable obstacles, like everything
else in life. Market corrections, eco- < 60% < 1 yr
nomic downturns and long periods HDFC Small Cap HDFC Small Cap
of underperformance often punc- ICICI Pru Smallcap
ture the feel-food vibes of mid- and
small-cap funds. During such peri- 1 to 3 yrs
60-69%
ods, mid- and small-cap funds can HDFC Mid-Cap Opportunities
HDFC Mid-Cap Opportunities
take a sharp dive, sometimes by as DSP Midcap
DSP Midcap
much as 40 per cent. Some funds Sundaram Small Cap
Nippon India Growth
have even seen drawdowns of up Sundaram Mid Cap
Aditya Birla Sun Life Mid Cap
to 81 per cent. Ouch! DSP Small Cap
Sundaram Small Cap
Aditya Birla Sun Life Mid Cap
UTI Mid Cap
UTI Mid Cap
Sundaram Mid Cap
HSBC Midcap
Aditya Birla Sun Life Small Cap
ICICI Prudential Smallcap
70-79% Nippon India Growth
Aditya Birla Sun Life Small Cap
Franklin India Prima
Kotak Small Cap 3 to 5 yrs
HSBC Midcap Invesco India Mid Cap
Yet, just as Mario has to defeat a Invesco India Mid Cap Franklin India Prima
boss to unlock the next stage, Tata Midcap Growth Tata Midcap Growth
markets have historically Franklin India Smaller Companies Franklin India Smaller Companies
rebounded and moved to the next Kotak Emerging Equity
level. Which means the equity DSP Small Cap
market rewards those who stay the Edelweiss Mid Cap > 5 yrs
course. If you hold steady and keep ICICI Prudential Midcap
Edelweiss Mid Cap
investing through SIPs, you’ll Baroda BNP Paribas Midcap
Kotak Small Cap
continue to buy mutual fund units SBI Magnum Midcap
Kotak Emerging Equity
at discounted prices. This helps ICICI Prudential Midcap
you make long-term gains once the Baroda BNP Paribas Midcap
market recovers. 80%
IV
SBI Magnum Midcap

Taurus Mid Cap Taurus Mid Cap
Prolonged underperformance
Only funds in existence prior to the Global Financial Crisis
Just when you thought the ride in 2008 and following a mid- or small-cap strategy have been considered
couldn’t get any scarier, here’s

SAPNO KO SKIP NAHI,
SIP KARO!
Dream Car, Dream Holiday,

Hol Dream Home… there are multiple dreams
which coexist in our mmind at any point. But along with these, there
also exists a doubt: Is it really possible to achieve each one of them?
Well, put your doubts tto rest because Mr. SIP is back! And this time,
he’s got a plan that hel
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Use the
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SIP : Systematic Investment Plan
Scan to know more An investor education and awareness initiative by Kotak Mutual Fund
Visit: https://www.kotakmf.com/iap-disclaimers/ to know more about the process to complete a one-time Know Your Customer (KYC) requirement to invest
in Mutual Funds, procedure w.r.t. change of address, phone number, bank account details, etc. Investors should only deal with registered Mutual Funds,
details of which can be verified on the SEBI website (www.sebi.gov.in/intermediaries.html). For any queries, complaints and grievance redressal, investors
may reach out to the AMCS and/or Investor Relations Officer. Additionally, investors may also lodge complaints on https://scores.gov.in if they are unsatisfied
with the resolution given by AMCS. SCORES portal facilitates you to lodge your complaint online with SEBI and subsequently view its status.
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investments are subject to market risks, readRedistribution prohibited.
all scheme related documents carefully.
COVER STORY
another one: during economic

downturns, mid- and small-cap Fund managers’ choice
segments can underperform for an
Managers invest in just 11-13 per cent of small-cap companies
extended period. We’re talking
Total small-cap companies % of companies
years, not months. It can seem like
No. of small cap companies invested by active mid- and small-cap funds invested
you are stuck for an eternity,
similar to how Mario feels when 2019 400 3,392 12
he keeps falling into pits and is
unable to reach the next 2020 400 3,323 12
checkpoint.
2021 400 3,730 11
However, discipline and per-
sistence always pay off. A come- 2022 435 4,110 11
hail, come-shine SIP strategy will
go a long way in amassing a large 2023 455 4,015 11
fortune, as these small, consistent

2024 549 4,300 13
investments will pay off when the
market recovers and moves to the As of March 31 for every year. *Mid- and small-cap fund managers
next level.
Short-termism been demolished to give low single-
How easy it would be for Mario to digit returns. Fast-forward to 2024,
give up after repeated failures. But and the numbers are significantly
would he ever be able to save more cheerful. Funds that were
Princess Peach if he didn’t have the showing 10-year SIP returns of as
big picture in mind? low as 1 per cent are now boasting
Similarly, think back to the upwards of 20 per cent. Imagine
Covid crash. Returns were bleak. those investors who redeemed their
Most mid- and small-cap funds had investments during Covid. They’d
Highs and lows

We looked at those AMCs that have had a mid-cap and a small-cap fund with a 10-year history at the time of Covid crash in 2020
10-yr SIP returns at 2024 market peak 10-yr SIP returns at Covid lows
19.4 20.8 20.4 23.2 21.0 22.9 20.6
3.0 8.6 7.0 6.8 4.2 8.4 4.9
ABSL DSP Midcap Franklin HDFC Mid-Cap ICICI Pru Kotak Emerging Sundaram
Mid Cap India Prima Opportunities Midcap Equity Mid Cap
24.0 22.8 23.3 22.1 24.6 20.3

19.1
0.9 7.2 5.2 2.6 1.2 5.1 1.1
ABSL DSP Franklin India HDFC ICICI Pru Kotak Sundaram

Small Cap Small Cap Smaller Cos. Small Cap Smallcap Small Cap Small Cap

Experience finance
in a new way!
Follow us on social media
@VROStocks @vrostocks @ValueResearchvideo
Scan the QR code

COVER STORY
have lost out big time.

Moral of the story: Staying in Who should follow this strategy?
your seat through turbulence pays
A pure mid- and small-cap investment journey isn’t for everyone.
off in the end.
Here’s who might be suited for it:
Stock-selection skills Nerves of steel: Investors must be comfortable with volatility. If short-
term market fluctuations cause anxiety, this is not the path for you.
Entering the mid- and small-cap
universe without a skilled fund Long-term commitment: This strategy demands at least a
manager is not for the faint of 15 to 20-year time horizon. It is not suitable for those with immediate
heart. Mid- and small-cap funds are or medium-term financial goals.
like a live minefield, full of high- Disciplined SIP investors: The systematic investment approach works
risk, high-reward challenges. Good wonders when dealing with market fluctuations. Investors must be
luck making it out alive. That’s disciplined enough to continue their SIPs, especially during
challenging times when the temptation to exit might be high.
because mid- and small-cap
segments have a high mortality
rate. Companies can go bust, get gobbled up or simply lose their identify companies that are built
edge. While you may be thinking of to last. The graph ‘Fund managers’
staying invested for a very long choice’ on page 40 shows just how
time, 60 per cent of mid-cap selective fund managers are.
companies and 62 per cent of the About 90 per cent of the small-cap
top 250 small-cap companies universe is deemed uninvestable
shrink in relative size over 10 years by them. As of March 2024, only
and fail to deliver market returns. about 13 per cent of small, micro
This is where you need the and penny stocks made the cut
expertise of a fund manager. You into the portfolios of mid- and
need someone with a sharp eye to small-cap funds.
The victory flag: `100 crore

After Mario defeats the final boss need to make withdrawals from
and rescues the princess, he waves your investment portfolio during
the victory flag, marking the end of times of market stress. This helps
an epic adventure. For you, your avoid selling units at lower
`100 crore goal could feel just as valuations, preserving your long-
glorious. The key is consistency, term growth potential.
resilience and the ability to stick
with your investment strategy for the The last word
long haul. Opting for a dominant mid- and But remember, this journey
small-cap strategy is like gearing up requires a clear plan, unwavering
Don’t ignore these points for the most challenging quest of discipline and a long-term view.
Complementary strategies: Though the your life – full of risks, rewards and Consult a financial advisor today
focus is on mid- and small-cap funds, tough obstacles. There will be times to make sure your strategy aligns
it’s wise to have a small allocation to when you’ll want to take a shortcut with your goals. The path to your
segments like large-cap funds or even or quit, but with the right power- dream could be as legendary as
debt instruments, to add stability and ups (a solid plan and a high-risk a Super Mario finale, but only if
cushion against extreme downturns. tolerance) and a skilled guide (your you stay on course.
Emergency fund: Maintaining an fund manager as your expert), the So, are you ready for
emergency fund ensures you don’t endgame is worth the effort. the adventure?

BACK TO BASICS
Optimising equity allocation

E
quity is a powerful engine for long-term wealth moderate exposure, with around 50-60 per cent allocated to
creation in personal investing. As we navigate the equity. Even conservative investors may benefit
complex world of financial markets, understanding from a strategic equity component, usually around
how to balance stocks' growth potential with their 20-30 per cent, to drive long-term growth.
inherent risks is crucial for every investor. Implementing effective equity investing strategies is key
The allure of equity lies in its potential for capital to success. Diversification across sectors and market
appreciation. In the last two decades, broad based capitalisations helps mitigate company-specific risks. Rupee-
indices like Nifty 50 and Sensex have performed better cost averaging through SIPs (systematic investment plans)
than most other types of investments and helped protect can be an excellent way to navigate market volatility. Equity
investors against inflation. Moreover, equity investments mutual funds may offer a more accessible and diversified
provide an opportunity to participate in the economic entry into the stock market than direct stock picking.
growth of companies and industries, which may align Avoiding common mistakes is as important as
your financial success with the implementing the right strategies.
broader economic landscape. Overexposure based on recent
However, the path to equity performance may lead to concentration
wealth has its challenges. Stock risk. Neglecting diversification or
market volatility and short-term making emotional decisions during
fluctuations are inherent market volatility may significantly
characteristics. Investors must also impact returns. It's crucial to maintain
contend with company-specific risks a disciplined approach aligned with
which may impact individual stock your long-term goals.
performance. Understanding the Optimising equity allocation is
distinction between systematic risk fundamental to achieving long-term
(affecting the entire market) and financial success. By understanding the
unsystematic risk (specific to a company or sector) is benefits and risks, considering personal factors and
crucial for effective risk management. implementing sound strategies, investors can effectively
Several factors influence the appropriate equity harness the power of equity markets. Optimising equity
allocation in a portfolio. Age and investment horizon play allocation involves developing the ability to evaluate
pivotal roles – younger investors with a longer time horizon market conditions, aligning your financial goals and
may typically prefer a higher equity exposure. Both risk assessing risk tolerance effectively, enabling a balanced
tolerance and financial goals are important; someone and informed approach to portfolio management.
seeking wealth creation might choose more equity than Optimising equity allocation allows you to balance and
someone focused on preserving their money. Current manage risk and rewards in the best possible way, ensuring
financial responsibilities and the broader economic outlook a strategic approach to building wealth.
should also inform allocation decisions. Remember, the goal isn't to eliminate risk but to manage
Equity allocation varies across investor profiles. it in alignment with your financial objectives. Regularly
Aggressive investors often maintain high equity exposure, reviewing and adjusting your equity allocation ensures that
which sometimes may exceed 60–70 per cent of their your portfolio remains optimised for your evolving life
portfolio. Investors with a balanced approach may aim for circumstances and the changing market landscape.
Mutual Fund investors need to complete the Know Your Customer (KYC) process, which can be done by submitting completed KYC Form along with the required documents
at any AMC’s branch Office or Official Points of Acceptance. Please refer https://niveshguru.licmf.com/KYCredressal.aspx to know about KYC documentary requirement,
procedure for change of address, phone number, bank details etc. The investors are cautioned to invest only with SEBI registered Mutual Funds, the details of which can be
verified on SEBI’s website under ‘Intermediaries / Market Infrastructure Institutions’ (https://www.sebi.gov.in/intermediaries.html.) For any complaints and grievance redressal,
investors can contact the Investor Relations Officer of the respective AMC and if not satisfied with the resolution given by the AMC, he/she can approach SEBI by registering
the complaint on SEBI SCORES Portal (https://scores.sebi.gov.in/) and/or escalate the compliant through Online Dispute Resolution Portal (https://smartodr.in/login).

CATEGORY REVIEW Short-duration funds
Returns have peaked

With rate cut expectations, they remain at the
upper end of their duration mandates
W
hen equity markets investors. However, it’s worth
experience turbulence keeping in mind that returns might
like it is right now, debt not increase much further in the
funds’ much-needed stability near future.
comes to the forefront. Continued exposure to longer-duration
For retail investors, a core debt bonds: With potential rate cuts antici-
portfolio should emphasise safety, pated, these funds have kept their
reasonable returns (marginally allocation to longer-duration bonds
higher than bank fixed deposits), high this year. Reason? If interest rates
flexibility to invest across different fall, these bonds could boost fund
kinds of bonds and limited returns a bit by raising the NAVs. So,
exposure to bonds of high maturity. there may be a slight increase in
In this regard, the short-duration value, albeit a modest one.
funds tick all the boxes.
These funds’ versatility works Our handpicked funds Illustration: Prakriti Rana
through the ups and downs of an zAxis Short Duration
interest rate cycle. So, if you are a zBandhan Bond Fund Short ideal for investors looking to invest
fixed-income investor who wants Term Plan with a limited horizon of 2-3 years.
to keep it simple, this is your zHDFC Short Term Debt Optimised risk-return: Both HDFC
go-to bucket. zHSBC Short Duration and Axis funds offer a balance of
risk and return, as they take
Highlights & trends Conservative choices: The HSBC and calculated risks. Given their
Performance: These funds continue Bandhan funds are managed selective bets on duration and
to offer one-year return of around conservatively. These funds stand out credit, these funds are suitable for
8 per cent, making them an for their resolve to stay away from the fixed-income allocation in your
attractive choice for fixed-income lower-rated bonds, making them longer-term portfolio.
Category snapshot
26 1.15 0.36% 7.72% 91% 2% 3.62 2%
No. of Assets (in Average Cat. returns Avg. high quality Avg. medium quality Avg. maturity Avg. worst 1-yr
funds ` lakh crore) expense ratio for 2024 bonds exposure bonds exposure (in years) return in 5 yrs
Returns as of November 30, 2024; Rest of the figures as of October 31, 2024.
Funds at a glance
High-quality Medium-quality Avg. maturity Yield to Expense Assets
Name 1Y returns (%) exposure (%) exposure (%) (in years) maturity* ratio (%) (` cr)
ABSLife Retirement Fund-The 50s Plus-Debt Plan 7.74 96.13 - 7.23 6.92 0.84 15
Aditya Birla Sun Life Short Term Fund 8.85 94.40 2.70 3.84 7.64 0.38 8,924
Axis Short Duration Fund 8.81 93.06 1.08 3.72 7.50 0.36 9,304
Bandhan All Seasons Bond Fund 8.64 - - 3.56 7.37 0.07 125

High-quality Medium-quality Avg. maturity Yield to Expense Assets
Name 1Y returns (%) exposure (%) exposure (%) (in years) maturity* ratio (%) (` cr)
Bandhan Bond Fund Short Term Plan 8.82 88.55 - 3.72 7.31 0.33 9,725
Baroda BNP Paribas Short Duration Fund 8.60 66.23 2.55 3.22 7.47 0.38 197
Canara Robeco Short Duration Fund 8.04 76.22 - 3.40 7.27 0.43 351
DSP Short Term Fund 8.59 88.56 - 3.79 7.50 0.34 2,829
Edelweiss CRISIL IBX 50:50 Gilt Plus SDL SD Index 8.64 95.28 - 3.01 6.93 0.20 154
Groww Short Duration Fund 8.48 75.74 - 2.39 7.05 0.40 55
HDFC Short Term Debt Fund 8.74 65.97 5.26 4.05 7.57 0.40 14,972
HSBC Short Duration Fund 8.40 88.98 - 3.43 7.35 0.27 3,786
ICICI Prudential Short Term Fund 8.67 91.15 6.35 3.99 7.76 0.45 19,922
Invesco India Short Duration Fund 8.53 62.37 1.13 3.58 7.45 0.35 444
JM Short Duration Fund 8.17 87.05 - 2.96 7.35 0.36 126
Kotak Bond - Short Term Fund 8.81 80.59 - 4.72 7.43 0.38 16,895
LIC MF Short Duration Fund 8.79 85.99 - 3.32 7.29 0.37 109
Mahindra Manulife Short Duration Fund 8.95 82.23 2.26 2.65 7.65 0.29 67
Mirae Asset Short Duration Fund 8.69 91.87 4.11 3.63 7.45 0.28 366
Nippon India Short Term Fund 8.77 74.56 6.69 3.67 7.57 0.38 7,586
SBI Short Term Debt Fund 8.49 81.86 3.90 3.52 7.48 0.35 13,303
Sundaram Short Duration Fund 8.79 92.29 - 3.78 7.39 0.31 223
Tata Short Term Bond Fund 8.53 67.81 - 4.09 7.41 0.36 2,904
TRUSTMF Short Duration Fund 7.94 96.96 - 3.35 7.28 0.23 147
UTI Short Duration Fund 8.69 78.54 3.37 2.85 7.36 0.42 2,676
Returns and Expense ratio as of November 30, 2024. All other data as of October, 2024; Funds with a suspended rating due to recent recovery have been excluded. High-quality bond
exposure includes SOV, AAA and AA+ exposures and medium quality includes AA and AA- exposures. *Yield to maturity is net of expenses.
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CATEGORY REVIEW Equity savings funds
Shine for etiees

Get the best of both worlds – equity upside and fixed-income
safety – in one powerful fund
E
quity savings funds invest
about a third of the money Category snapshot
each in equity, debt and
arbitrage opportunities (a strategy 22 42,424 0.63% 28% 23%
where the fund aims to profit from No. of funds Assets Asset-weighted Avg. net equity Avg. mid &
temporary price differences (in ` crore) expense ratio exposure small-cap as a
% of net equity
between related securities
across markets).
This set-up lets you tap into the 49% 11.30% -10% 17.78% 8.55%
growth of equities while Avg. top 10 Asset-weighted Avg. worst 1-yr Average return Avg. return of
holdings (as % returns return in of top quartile bottom quartile
cushioning you from market drops. of net equity) 5 years funds funds
What’s more, with over 65 per cent
of the money in equity and Returns as of November 30, 2024; Rest of the figures as of October 31, 2024
arbitrage, these funds qualify for

equity taxation, giving you growth stay invested, acting as a cushion balanced advantage funds, they
potential with steady debt-like during lean periods and preserving have more than doubled in assets
stability, all wrapped up in a tax- long-term savings. since March 2023, surpassing
friendly package. Continued traction: Despite the `40,000 crore as of September
funds being relatively unknown 2024. This growth can be attribut-
Are these funds right for you? compared to aggressive hybrid or ed to the removal of indexation
If you’re a conservative and low- benefits on debt funds, in turn,
risk investor happy with moderate enhancing equity savings funds’
equity exposure or retirees seeking
Calendar year returns appeal for those seeking moderate
regular income, equity savings Equity (Sensex TRI) Debt (Short duration) equity exposure with favourable
Equity savings funds
funds can be a good fit. tax treatment. Incidentally,
25%
September 2024 achieved another
Highlights & trends 20 feat: these funds received a net
Performance: This year, these funds 15 inflows of over `2,000 crore, the
almost matched the 11 per cent 10 highest in the last five years.
returns delivered by the market. 5
Trending funds: The funds of ICICI,
However, retirees enjoying Kotak, SBI and HDFC remain top
0
strong returns should limit their draws, comprising nearly
2022 2023 2024*
withdrawals to 6 per cent annually. 75 per cent of the entire category’s
*As of November 7, 2024
This ensures that excess returns asset base.
OUR TOP PICKS

Axis Equity Savings
z With a net equity exposure of around 40 per cent, this z Recent portfolio adjustments include an increased
fund has outperformed its peers 95 per cent of the time allocation to mid- and small-cap stocks (within a
over any five-year period. narrow range). In anticipation of rate cuts, the fund has
z Despite a higher expense ratio, the fund has delivered extended its portfolio maturity to over 16.8 years, a
marginally higher returns than an average peer this year. significant rise from 5.3 years last year.

HDFC Equity Savings
z The fund consistently delivered over 8 per cent returns tilt towards large caps.
in most three-year periods, effectively keeping pace z It invests in high-credit quality bonds, with selective
with inflation. exposure to lower-rated bonds.
z Its net exposure typically remains at 35 per cent, with a
Kotak Equity Savings

z The fund has been ranked second in its category based achieved its highest equity exposure in the past year.
on its three-year performance. z The fund follows a cautious debt strategy by avoiding
z It maintains a net equity exposure of around high-risk credit and long-duration bets.
30 per cent, with a preference for large-cap stocks, and
Mirae Asset Equity Savings

z Ranked among the top 10 equity savings funds over the cap stocks), the fund has achieved over 11 per cent
past three years, it has consistently outperformed its returns this year.
peers since its inception in 2019. z The debt portfolio remains conservative, with no
z With a net equity exposure of about 40 per cent (with exposure to lower-quality bonds and a controlled
24 per cent of its equity allocation in mid- and small- maturity range.
Funds at a glance 3Y SIP Equity Arbitrage Expense Assets

Name Rating returns (%) Risk grade allocation (%) allocation (%) ratio (%) (` cr)
Aditya Birla Sun Life Equity Savings 9.62 Above avg. 16.0 50.4 0.62 647
Axis Equity Savings 13.48 High 34.3 35.5 0.98 1,020
Bandhan Equity Savings Fund 9.07 Below avg. 18.2 51.2 0.18 194
Baroda BNP Paribas Equity Savings Fund 12.90 Below avg. 32.6 34.6 1.40 251
DSP Equity Savings 13.09 Above avg. 31.8 35.5 0.40 2,162
Edelweiss Equity Savings 13.06 Below avg. 25.0 42.3 0.59 539
Franklin India Equity Savings 10.40 Avg. 17.1 49.3 0.30 724
HDFC Equity Savings 12.98 Above avg. 32.1 34.1 0.91 5,463
HSBC Equity Savings Fund 18.52 Avg. 40.4 31.2 0.61 548
ICICI Prudential Equity Savings 9.76 Low 17.4 57.7 0.50 12,406
Invesco India Equity Savings Fund 15.94 Avg. 33.3 33.1 0.71 341
Kotak Equity Savings 14.85 Below avg. 36.3 30.7 0.63 7,804
LIC MF Equity Savings Fund 11.30 Above avg. 38.6 31.5 1.03 20
Mahindra Manulife Equity Savings 12.86 High 34.7 31.4 0.69 572
Mirae Asset Equity Savings 13.50 Above avg. 37.1 31.2 0.32 1,353
Nippon India Equity Savings 10.57 High 22.8 46.7 0.74 718
PGIM India Equity Savings Fund 8.29 Low 16.2 54.5 0.52 90
SBI Equity Savings 13.84 Avg. 32.0 34.3 0.88 5,616
Sundaram Equity Savings 15.00 Avg. 40.2 35.0 0.61 990
Tata Equity Savings Fund 12.07 Avg. 27.0 41.8 0.49 216
Union Equity Savings Fund 9.95 Avg. 31.9 38.3 1.42 135
UTI Equity Savings 12.84 Avg. 26.3 41.0 0.81 613
Returns, ratings, risk grade and expense ratio as of November 30, 2024. Assets as of October 31, 2024. Equity and Arbitrage allocation are averages for 2024.

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 save, “The main problem with today’s
mostly have a steady income and are well-informed about
the importance of saving, yet they are victims of their own generation is that they never feel
aspirations. The emotions attached to money decisions they have enough to save.”
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 that investing in different life stages. This efficient tax planning should
tax-saving instruments is important not just for the time ideally be done at the start of the year. To go easy on the
being but also for the long run.When one invests in a pocket, one can start something as simple as an SIP in
tax-saving instrument, they save tax and at the same time ELSS. It ensures regularity and discipline of investment
save up for the various goals they need to meet at while serving the purpose of saving tax.
Benefits of Investing in Equity

ELSS 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 for Assessment Year 2024-25. However,the choice to remain with the old tax regime will still be available for the taxpayer.

An Open-Ended Equity Linked Saving Scheme with a statutory lock in of 3 years and tax benefits
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 a suitable tax-saving instrument offering
potential for capital growth along with tax benefits, with the shortest lock-in period of 3 years,
as compared to other tax-saving instruments.
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 old tax regime under Section 80C of Income Tax Act. This benefit
Meet the Fund Manager
attracts new as well 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.

(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 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 2024. An addendum may be issued or updated on the website for new riskometer.
Advt.

INVESTORS’ JOURNEYS
SHYAMALI BASU
When clear turns hazy

While things may look up today, they may not be the same tomorrow
J
ust a few months ago, everything seemed did, the belief was that the market would
very clear and optimistic. The risks were bounce back in the following days.
forgotten, and animal spirits were flying Now, we all seek answers to the following
high. ‘IPOs’ (initial public offerings), ‘NFOs’ questions: how much more FII money is likely
(new fund offers), ‘futures’ and ‘options’ were to exit if the Fed cuts or doesn’t cut tax rates?
the buzzwords. All of us were waiting for the Are we headed for tariff wars and subsequent
US election results as the next major global imported inflation? With a slowdown in
event. At the same time, we were convinced consumption, is the domestic scenario
that foreign events wouldn’t impact Indian positive? Is this a cyclical slowdown or a
markets. The DIIs (domestic institutional structural one?
investors), ‘unintended flows’ from EPFO
(Employees’ Provident Fund Organisation), Why downturns are not all bad
pension funds, insurance companies and SIPs A plethora of questions have plagued
(systematic investment plans) would keep investors while they are still holding onto the
market levels rising. ropes. Their concern? How much more
Come November, just like the Delhi air correction is expected? Even though
quality, our vision turned hazy. Commentaries benchmarks have corrected around
on the slowing economy, muted urban and 10 per cent, a few frothy small caps have lost
rural demand and poor corporate results came Investors are
to the forefront. Higher summer temperatures, worried how
general election rallies and the not-so-spatial much more
distribution of rain were blamed. Globally, the correction
US rate cut had the reverse impact on bonds will happen.
from what we all knew thus far about bond Though
dynamics. The US election results and benchmarks
Republican manifestos increased the ongoing corrected by
onslaught of foreign exodus. The intensity 10 per cent,
and speed at which FIIs (foreign institutional some small
investors) were selling was unimaginable and caps lost
had not been seen in many years. 50-70 per
A couple of months ago, a large percentage cent of their
of market players did not believe that value.
corrections would happen. And even if they

Equity markets witness 10-20 per cent temporary declines almost every year
In %
-4
-7 -7 -8
-10 -9 -10 -10 -10
-11 -12
-12 -12
-14 -13 -13 -12 -14
-17 -15 -17 -16 -15 -16 -16
-19 -19 -21 Average: - 21%
-24
-27 -26 -27 -27 -26
-28 -29
-30
-34 -33
-35
-39 -38
-41
-47
-60
1980 1985 1990 1995 2000 2005 2010 2015 2020 2024
Source: Ace MF, FundsIndia Research. Sensex drawdowns from 1980 until 2024 YTD considered. Drawdowns of 2024 updated until October 31, 2024.
50 to 70 per cent of their value. What would happen in the near term, so we shouldn’t base
happen to them now? How long will they take our investments on short-term predictions.
to return to our purchase price, if at all?
All equity investors should brace How should you prepare?
themselves for such setbacks. If we study how 1. Always stick to your asset allocation: Never be
the index has behaved in the last, there have swayed by what others do. Invest only as much
been more years of intra-year correction of in equity, and ensure that you will not need the
close to 10 per cent than not. Equity markets money for five or more years.
are not linear, and each correction should be 2. Focus on investing regularly: In the last four
viewed as an opportunity to invest more as years, for most SIP instalments, there has been
long as we have invested in businesses with an upward revision of NAV (net asset value).
good growth. We are getting a chance of averaging
For the many newcomers, this is a great downward, which is the true essence of an SIP.
time to unlearn the rash bets that were Therefore, we should either increase or
successful in the last couple of years. Equity continue with our SIP commitments.
investment is for the long term – at least five 3. Don’t fall for investment fads: Avoid taking on
years. No one knows anything that can aggressive sector bets without having a strong,
Equity diversified equity portfolio. When markets cor-
markets face rect sharply, all fall like Humpty Dumpty. But
corrections the smart ones fall less than the markets.
nearly every Fortunately, as market experts say, the
year. Yet, each medium to long term looks good for the
correction economy and the markets. Nothing changes if
should be we tone down our return expectations to more
seen as an realistic levels.
opportunity to
invest more as Shyamali has been navigating the asset
management world for over 20 years,
long as they’re working with everyone from the seasoned
businesses super wealthy to absolute beginners.
with good She has a knack for understanding the
human side of investing and empathising
growth. with investors, something that shines
through in her writing.
Illustration: ANAND

INVESTMENT ACORNS BY WHITEOAK
MANUJ JAIN, CFA
10%>15%, if sized well

Why how much you invest matters if you want to build wealth
E
veryone wants to make the most of
their investments. We all aspire to pick Indian household asset ownership
the next multi-bagger stock or invest Cash Equities
in a thematic fund that will provide the 3 6.9
highest possible returns. Often, we hear PPF
5.6
friends and relatives asking for investment Property
Insurance
recommendations, adding a side note that 5.6 50.7
In %
they are willing to take risks but want the
maximum returns, especially after witnessing Bank deposits
strong past market performance. 13.1 Gold
15
Investment returns z Investor returns Source: Jefferies. Data as of March 2024.
Over the long term, equity markets have

delivered reasonably good returns. In fact, generated the average return every year. As a
many equity mutual fund schemes with over result, very few investors remain invested to
20 years of history have generated superior fully benefit from market movements. This
results. Yet, only a few investors consistently makes volatility a crucial factor in determining
achieve similar returns on their total whether one can truly enjoy the advantages of
investment. Why is that? To understand this, investment returns over time.
let’s delve into two interconnected concepts –
volatility and sizing. How sizing can help create more wealth
While the equity market has given Volatility is inversely correlated with
reasonable returns on average, it has rarely Some equity confidence. In simple terms, the more volatile
funds have the returns of an asset (equity) or a sub-asset
class (small-cap stocks), the less confident we
Equity market returns over the last 44 years delivered
superior feel about its prospects in the near future.
Date BSE Sensex
returns over This often leads us to invest only a tiny
April 1, 1979 100 portion of our investable corpus, even if we
time. Yet, few
November 29, 2024 79,803 investors earn believe the investment has the potential to
Annualised return (%) 15.7 + dividend yield similar returns deliver better returns than traditional avenues
Data source: BSE India and Internal Research of WhiteOak Capital. on their in the long run. The outcome? Even when
Past performance may or may not be sustained in future and is investments. these high-potential investments perform
not a guarantee of future returns.
well and generate impressive percentage

Different paths, same destination
Expectation Reality Eventually
Year Amount Return (%) Year Amount Return (%) Year Amount Return (%)
- 1,000 - - 1,000 - - 1,000 - Huge gap
1 1,120 12 1 1,191 19 1 1,191 19 between
‘Expected’ and
2 1,254 12 2 910 -24 2 910 -24 ‘Actual’ return
in the initial
3 1,405 12 3 1,164 28 3 973 7 years
4 1,574 12 4 1,289 11 4 1,042 7
5 1,762 12 5 1,700 32 5 1,115 7
6 1,974 12 6 1,637 -4 6 1,193 7 Typical
7 2,211 12 7 1,694 3 7 1,276 7 response:
"This is not
8 2,476 12 8 2,195 30 8 1,365 7 meant for me.
Let's go back
9 2,773 12 9 2,353 7 9 1,461 7 to traditional
10 3,106 12 10 2,722 16 10 1,563 7 fixed-income
instruments."
11 3,479 12 11 3,189 17 11 1,673 7
12 3,896 12 12 3,930 23 12 1,790 7
CAGR 12 CAGR 12 CAGR 5
For understanding purposes only. Returns shown in the middle (Reality) table are calendar year returns for BSE Sensex TRI from CY10 onward. Past performance may or may not
be sustained in future and is not a guarantee of future returns.
returns, the absolute wealth creation remains (multi-asset allocation fund) categories. These
insignificant. For instance, consider earning schemes aim to manage volatility while
10 per cent on a `1 crore investment versus targeting reasonable returns over time. They do
earning 15 per cent on a `10 lakh investment, so by rebalancing between equity (a volatile
with the remaining `90 lakh earning only asset class with the potential to earn high long-
7.5 per cent. Thus, the difference lies in sizing Sizing is term returns), debt (a stable asset class with
(note: the percentage returns used directly relatively lower returns) and other permissible
in the example are intended to explain the proportional asset classes based on market valuations.
concept of sizing and volatility in to confidence, While these schemes may not necessarily
investments and are not indicative of which, in turn, generate the highest possible returns, they
future returns). negatively instil confidence to invest a greater portion of
Sizing is directly proportional to correlates your corpus due to their inherent structure. It’s
confidence, which, in turn, negatively with volatility. important to keep in mind that not all BAF and
correlates with volatility. This means if we can MAAF schemes are the same. This is because
find an investment avenue that reduces different fund houses target varying risk-return
volatility without significantly compromising profiles, use different valuation models and
on returns, we will have greater confidence in operate within different net equity ranges.
its short- to medium-term performance. As a Therefore, it’s advisable to consult a financial
result, instead of earning disproportionately advisor to select a scheme that aligns with
higher returns on only a small fraction of our your investment objectives.
investment, the entire corpus can generate
Manuj Jain, a CFA charterholder, is a Director and
moderate but higher absolute returns. Head of Product and Strategies at WhiteOak
Capital Asset Management Company. He has been
Asset allocation: A potential solution with the company for three years and has over
16 years of experience in asset management. Part
Two investment avenues that aim to achieve
of the WhiteOak Capital Group, WhiteOak Capital
this balance are mutual fund schemes under Asset Management Company is the sponsoring
the BAF (balanced advantage fund) and MAAF entity of WhiteOak Capital Mutual Fund.

THE PLAN
Should you strike when

the market is cold?
Big bets in market dips may seem exciting but can harm your wealth
By Abhishek Rana
S
umit, 26, started his investing journey around two
years back. Through monthly SIPs of `5,000 in
mutual funds, he has accumulated a corpus
of `1.82 lakh so far. But since the market has been falling
for the last couple of months, Sumit wonders if he should
stop investing or take a more opportunistic bet and invest
his savings of `2 lakh in one go and capitalise on the dip,
or play it safe. He was also contemplating if he should
aggressively invest in stocks right now.
Sumit is hardly alone. Equity markets have been chop-
py of late, making many investors ponder if this is the
opportune time to go all in and invest. So, should he take
the plunge, or can this strategy backfire? Let's find out.
Time in the market matters more than timing

the market
No one can accurately guess the market’s
next move, even experienced investors.
So, if you are waiting for the ‘right’ time to
invest or considering pausing your SIPs
Illustration: ANAND
during a slump, think twice.

What should you do then? Stay invested, regardless of
market fluctuations. Because here's a stat that will shock
you: had you invested `5,000 every month in the equity
markets (Sensex) in the last 10 years, it would have grown Timing the market is a futile exercise
to `12.42 lakh today. A consistent `5,000 SIP every month can help you accumulate a much
By contrast, if you had missed the 10 best- larger corpus over 10 years, instead of being tactical
performing days, your corpus would have shrunk to 12.42 In ` lakh
`8.23 lakh. And if you missed the 20 best days, you
would be left with just `6.86 lakh. 8.23
6.86
Avoid lump sum investing
Though valuations may seem attractive right
now, resist the temptation to invest all your
money in one go. It is wiser to spread the
money over the next six to 12 months. Consistent Missed Missed
SIPs 10 best days 20 best days
Use systematic transfers or staggered investments to
avoid the risk of investing at a market high or catching Returns as of November 25, 2024. Monthly SIP of `5,000 in the Sensex considered since
November 1, 2014 (amount invested in all three cases is `6.05 lakh).
a falling knife.

When the markets correct, stay the course
Corrections are part and parcel of market cycles. So, it's best to stay invested in equities and reap its handsome rewards in the long run.
6 months 6 months 1.4 yrs 2.7 yrs 2.4 yrs 6 months 4 months 1.8 yrs 1.10 yrs 1.2 yrs 8 months
Time taken
to recover
Period 1986-88 1990-91 1992-93 1994-96 2000-01 2004 2006 2008-09 2010-11 2015-16 2020
Market fall (%)

-41 -39 -54 -41 -56 -61
-27 -29 -28 -23 -38
Only Sensex declines of over 20 per cent have been considered
Align your investments with your financial goals z Focus only on stocks and sectors you understand
There’s no ‘one-size-fits-all’ solution that z If you are a newcomer, use this time as a learning
will help you achieve all your financial experience rather than a profit-maximising exercise
goals. Thus, you need to spread your
money across investments, keeping in What should Sumit do then?
mind your risk tolerance, the time needed to z Don’t stop your SIPs. Continuing them during
fulfil each goal and level of importance. downturns allows you to accumulate more units at
Here is a framework to help you invest smartly: lower prices.
Short-term goals (1-3 years): Invest in liquid funds, z Focus on your financial goals
fixed deposits or short-duration debt funds for your than the market noise.
near-term goals. These investments carry low risks and Corrections are
provide moderate yet stable returns. temporary; your long-
Medium-term goals (3-5 years): If your goals fall within term objectives are not.
this range and are somewhat flexible (like upgrading a z Revisit your asset
car or saving for a wedding), consider a balanced allocation. At the same
approach. Allocate some portion (30-40 per cent) time, avoid impulsive
to equity, with the rest in fixed-income options changes based on short-term
for stability. market events.
Long-term goals (over five years): Invest in equity
mutual funds, as they are your best bet to grow wealth.
Don’t forget these
Though volatile in the short run, equity earns
3EGREGATEYOURlNANCIAL
inflation-beating returns, helping you accumulate a goals: Break them down into
sizable corpus over time. short, medium and long term Stay disciplined:
and spread your money across Focus on consistency and
them accordingly. patience rather than reacting to
When it comes to stocks, tread with caution short-term market movements.
Continue with your SIPs: Stick
Unless you are an expert at stocks, it’s best with the `5,000 monthly SIP for Create a safety net: Build a
to not invest in them directly. Without your long-term goals. Change or contingency fund covering at
ADJUSTONLYIFYOURlNANCIAL least six months of your
proper research, you run the risk of expenses, secure health
priorities change.
incurring losses. insurance and buy a term
Experiment wisely: Allocate life plan if you have
Yet, if you are keen on buying stocks only a small amount to invest in any dependents.
directly, here’s what you can do: stocks directly.
z Start by investing small amounts (`10,000-20,000)

ASK
EXPERT ADVICE
Different goals need different strategies Cons of lump sum investing

Investing a lump Is there a thumb rule for allocating monthly Is it a good time to invest a lump sum for the
sum in equity savings across goals like retirement, long term?
funds is risky, as children's education and buying a house? - Anonymous
they could face - Anonymous Long-term equity investment is generally
short-term sharp When saving for various goals, tailor your wise, but investing a lump sum all at once
investments based on your income, may be risky due to market volatility. For
value drops during
priorities and timelines. Aim to save at least example, investing `50 lakh in an aggressive
corrections. SIPs,
20 per cent of your income. Prioritise your hybrid fund or any other equity-oriented
meanwhile, can be goals by urgency and importance, fund could result in sharp short-term drops
a better option. categorising them as short, mid or long during corrections, as the funds, while more
term. For long-term goals (over seven years), stable than pure equity, still see fluctuations.
invest in equity for higher returns. For mid- By contrast, staggered investment
term goals (5-7 years), use a mix of equity strategies like SIPs (systematic investment
and debt funds, while short-term goals plans) spread market exposure and can
(3-5 years) suit low-risk options like fixed reduce stress from potential declines,
deposits or liquid funds. After that, helping maintain focus on long-term goals.
regularly review and adjust your strategy to
adapt to changing circumstances. As you A 101 of choosing mutual funds
near your goals, shift your investments What checklist should I follow when choosing
from equity to safer instruments to protect a mutual fund for the long term?
your capital. - Anonymous
Choosing a fund for the long term requires
Debt fund taxation more than just looking at past performance.
How will my 2020 debt fund investments be While past returns may indicate how a fund
taxed if I sell them now? has performed, they don’t guarantee future
- Anonymous success. Instead, look at how the fund
Taxation on debt funds depends on when performed in rising and falling markets and
you bought them, how long you’ve held how quickly it recovered. Funds that
them and when you redeem them. If you rebound strongly often have robust
purchased your debt funds in 2020 and plan underlying strategies, while those that
Past returns isn’t
to sell them now, the gains will be taxed at a recover slowly may pose risks.
the only factor to
flat 12.5 per cent. Unfortunately, you won’t Here’s what to know while evaluating
consider before
get indexation benefits, a method that a fund:
investing in a fund. adjusts for inflation and reduces the taxable 1. Compare its performance with funds in
Instead, look at its portion of your profits. its category over the medium and long term.
performance versus But if you had purchased the funds before 2. Look for consistency in returns. Strong
its peers, April 1, 2023, held them for more than three funds rise slightly more in good markets
consistency in years and sold the units before July 23, and fall slightly less in bad ones.
returns and the 2024, indexation will apply. Meanwhile, if 3. Check the fund manager’s track record.
fund manager’s you withdrew after July 23, 2024, indexation Also, consistency in management is crucial,
track record. won’t be applicable, and a lower tax rate of as manager departures could impact the
12.5 per cent will be charged. fund’s strategy and future performance.

Switching to stocks goal requires investing for
When will I be ready for the stock market? five years and another for Watch video Transferring your
Should I sell 60 per cent of my mutual fund 25 years, you can use the mutual fund
holdings to invest in stocks? same fund. However, adjust investments into
Readiness for the stock market depends how much you save for stocks isn’t about
on your mindset and behaviour, especially each goal. The key is to deciding on a
during challenging times. It’s not allocate correctly based on your needs and fixed allocation.
something you can predict in advance. let your investments grow over time. What you should
Your preparedness is tested when markets focus on instead
decline significantly. It’s about having Striking a balance is readiness for
patience, diligence and a What strategies can one use to balance
the stock markets
clear understanding of what Watch video enjoying their current lifestyle while
you’re investing in. investing for the future?
(in terms of skills
As for transferring Balancing your current lifestyle with
and
mutual fund investments future investments requires a thoughtful temperament).
into stocks, it’s not about approach. First, ensure you spend on
deciding on a fixed essentials – things you truly need. Second,
percentage of 5 or 60 per cent. Instead, identify non-essential but important
consider how ready you are (in terms of expenditures, such as buying or upgrading
skills and temperament). Start off by a car. These are not frivolous and can
allocating a smaller portion – say improve your quality of life. Third,
25 per cent – to direct stocks. Over prioritise future security by
2-3 years, evaluate how your stock allocating part of your Watch video
investments perform compared to your budget to long-term
mutual fund investments. This will help investments. This is about
you make more informed decisions. postponing some
If you have the inclination, time and consumption today to
temperament, stock investing can be secure your future, which is crucial for
rewarding. But, success depends more on financial stability. To balance your
discipline and emotional resilience than Be cautious about borrowing for lifestyle while
financial analysis or foresight. So, pursue unproductive purposes. Borrowing in investing for the
it thoughtfully. emergencies is understandable, but future, spend
repeatedly borrowing to spend can create judiciously, avoid
Keep it simple with SIPs a debt cycle that is hard to escape, excessive borrow-
I have several long-term goals. Should I potentially leading to bankruptcy. ing and look for
start an SIP for each one? Finally, look for opportunities to grow opportunities to
You don’t need multiple SIPs for different your income. Increasing your earnings can grow your income
goals. Instead, identify one or two good provide more room for enjoying life now
mutual funds that align with your overall and investing for the future. The key to
objectives. Ensure the selected funds are financial well-being is to balance
suitable for your timelines. Even if one spending, saving and income growth.
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

SCOREBOARD Fund Classification
Category (No. of funds) AUM (` crore) Category (No. of funds) AUM (` crore)
EQUITY FUNDS Money market (23) 2,50,049

Funds investing in money-market instruments having maturity up to one year
Large cap (175) 1,055,270
Funds investing at least 80% in large caps Low duration (20) 1,11,909
Funds with a Macaulay duration between six and 12 months at the portfolio level
Large & mid cap (37) 2,63,748
Funds investing at least 35% each in large and mid caps Ultra short duration (25) 1,07,399
Funds with a Macaulay duration between three and six months at the portfolio level
Multi cap (34) 1,75,202
Funds investing at least 25% each in large, mid and small caps Liquid (50) 5,50,322
Funds investing in debt and money-market securities with maturity of up to 91 days
Mid cap (53) 3,93,504
Funds investing at least 65% in mid caps Overnight (35) 93,946
Funds investing in securities having maturity of one day
Small cap (43) 3,30,024
Funds investing at least 65% in small caps Dynamic bond (26) 35,369
Debt funds investing across durations
Flexi cap (99) 5,97,153
Funds investing at least 65% in equity with no particular cap on large, mid or small caps Corporate bond (21) 1,67,938
Funds investing at least 72% in AA+ and above-rated corporate bonds
Value-oriented (36) 1,90,717
Funds following the value strategy Credit risk (14) 21,114
Funds investing at least 58.5% in AA and below-rated corporate bonds
ELSS (39) 2,43,066
Funds with a lock-in of three years and tax benefit under Section 80C Banking and PSU Debt (22) 77,929
Funds investing at least 72% in the debt instruments of banks, PSUs,
International (68) 55,362
public financial institutions and municipal bonds
Funds investing predominantly in foreign equities
Floater (12) 52,672
Funds investing at least 58.5% in floating-rate instruments
SECTORAL/THEMATIC FUNDS (including fixed rate ones converted to floating rate)
Banking (59) 81,143 Gilt (30) 44,908
Funds investing at least 80% in the Banking sector Funds investing at least 80% in government securities
Infrastructure (23) 51,290 Gilt with 10-year constant duration (9) 8,455
Funds investing at least 80% in the Infra sector Funds investing at least 80% in government bonds such that the
Macaulay duration of the portfolio is 10 years
Pharma (27) 30,538
Funds investing at least 80% in the Pharma sector FMP (12) 145
Fixed maturity plans with a pre-defined term
Technology (30) 44,639
Funds investing at least 80% in the Technology sector Target Maturity (108) 1,97,434
A debt scheme which has a specific maturity and invests in bonds
Thematic (142) 1,94,861
whose maturity is in line with that of the underlying index
Funds investing at least 80% in a particular theme
Dividend Yield (10) 31,911
Funds investing majorly in dividend-yielding stocks HYBRID FUNDS
MNC (7) 18,279 Aggressive hybrid (44) 2,43,738
Funds investing at least 80% in MNC stocks Funds investing 65–80% in equity and the rest in debt
Energy (4) 23,136 Balanced hybrid (6) 10,729
Funds investing at least 80% in the Energy sector Funds investing at least 40–60% in equity and the rest in debt
PSU (8) 54,565 Conservative hybrid (30) 30,195
Funds investing at least 80% in public-sector companies Funds investing 10–25% in equity and the rest in debt
Consumption (26) 35,230 Equity savings (22) 42,450
Funds investing at least 80% in the consumption theme Funds investing at least 65% in equity and equity-related instruments
and at least 10% in debt
ESG (11) 11,462
Funds investing at least 80% in companies that score high on environmental, Arbitrage (30) 2,36,107
social and governance (ESG) factors Funds investing in arbitrage opportunities
Dynamic asset allocation (38) 2,91,453
Funds which dynamically manage the asset allocation between equity and debt
DEBT FUNDS
Multi asset allocation (42) 1,36,030
Long duration (11) 19,289
Funds investing in at least three different asset classes, with a minimum of 10% in each
Funds with a Macaulay duration of greater than seven years at the portfolio level
Medium to long duration (14) 11,788
Funds investing with a Macaulay duration between four and seven years at the COMMODITY FUNDS
portfolio level; under anticipated adverse situation, one year to seven years
Gold (36) 57,853
Medium duration (14) 25,585 Funds investing in gold
Funds with a Macaulay duration between three and four years at the portfolio level;
Silver (21) 14,630
under anticipated adverse situation, one year to four years
Funds investing in silver
Short duration (26) 1,15,288
Funds with a Macaulay duration between one year and three years at the portfolio level AUM data as of October 31, 2024

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

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

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

SCOREBOARD Equity Funds
Equity: Large Cap

1 ABSL Frontline Equity 26.8 15.9 17.8 13.2 23 19 15 11 86 11 1 3 0.9 0.2 -Avg 1.01 29,395 2.9
2 Axis Bluechip 23.9 9.9 14.4 12.8 29 34 29 16 92 - - 8 -4.6 -1.2 Avg 0.69 33,236 3.1
3 Bajaj FinSrv Large Cap - - - - - - - - 94 3 - 2 - - - 0.61 1,217 NR -
4 Bandhan Large Cap 32.1 16.2 18.8 13.0 6 15 11 14 83 8 5 5 0.8 0.2 -Avg 0.92 1,697 3.6
5 Bank of India Bluechip 27.0 15.4 - - 22 24 - - 83 9 5 3 0.0 0.0 +Avg 1.03 192 3.0
6 Baroda BNP Paribas Large Cap 33.0 18.5 19.1 14.4 5 8 9 5 88 5 - 8 3.4 0.9 Low 0.82 2,349 4.9
7 Canara Robeco Bluechip Equity 29.3 16.0 19.5 14.7 12 18 7 2 94 2 - 4 1.4 0.2 Low 0.51 14,581 4.7
8 DSP Top 100 Equity 30.4 18.2 16.2 11.9 10 10 24 22 83 7 2 9 3.0 0.6 Avg 1.08 4,470 1.8
9 Edelweiss Large Cap 26.1 17.3 18.8 14.1 26 11 10 8 93 5 1 2 2.2 0.8 -Avg 0.67 1,081 4.2
10 Franklin India Bluechip 27.3 13.5 17.0 12.1 20 28 19 20 89 8 - 3 -0.9 -0.5 -Avg 1.09 7,789 2.2
11 Groww Large Cap 27.9 15.8 15.1 13.1 18 21 27 12 89 2 3 7 0.7 0.1 Avg 1.03 126 1.8
12 HDFC Top 100 24.3 19.5 18.0 12.8 28 5 13 15 97 - - 3 4.0 1.1 Avg 0.99 36,467 2.9
13 HSBC Large Cap 28.2 16.6 17.4 13.0 16 13 18 13 86 11 - 3 1.3 0.3 Avg 1.20 1,928 2.6
14 ICICI Pru Bharat 22 FOF 41.3 37.3 26.1 - 2 1 1 - 92 8 0 0 18.5 2.0 Avg 0.12 2,165 3.6
15 ICICI Pru Bluechip 28.5 19.2 19.9 14.6 13 6 5 4 87 3 0 10 4.3 0.9 Low 0.86 63,670 4.7
16 ICICI Pru Nifty 100 Low Vol 30 ETF FOF 22.0 15.0 - - 32 26 - - 100 - - 0 0.4 -0.1 -Avg 0.14 1,342 3.0
17 ICICI Pru Nifty Alpha Low-Vol 30 ETF FOF 30.3 18.2 - - 11 9 - - 98 2 - 0 2.4 0.4 +Avg 0.10 810 È 4.3
18 Invesco India Largecap 34.1 17.1 19.8 14.7 3 12 6 3 89 8 3 1 1.6 0.4 -Avg 0.75 1,255 4.1
19 ITI Large Cap 28.3 15.6 - - 15 22 - - 83 8 6 4 0.7 0.0 Avg 0.51 360 2.9
20 JM Large Cap 31.9 18.9 19.5 12.5 7 7 8 18 90 5 4 1 3.6 0.6 Low 0.66 457 4.4
21 Kotak Bluechip 28.1 16.2 18.7 14.2 17 16 12 7 88 7 1 4 1.3 0.3 Low 0.60 9,327 4.4
22 LIC MF Large Cap 26.0 12.8 15.9 12.0 27 31 25 21 84 3 11 2 -2.0 -1.0 Avg 1.01 1,467 2.8
23 Mahindra Manulife Large Cap 27.2 15.6 17.8 - 21 23 14 - 86 8 1 5 0.7 0.1 -Avg 0.66 577 3.9
24 Mirae Asset Equity Allocator FoF 26.4 15.8 - - 25 20 - - 87 12 - 0 0.3 0.2 -Avg 0.05 853 3.9
25 Mirae Asset Large Cap 22.8 13.5 16.2 14.3 31 29 21 6 86 12 1 0 -0.9 -0.7 -Avg 0.56 39,337 3.7
26 Mirae Asset Nifty 200 Alpha 30 ETF FoF - - - - - - - - 97 3 - 0 - - - 0.16 173 NR -
27 Motilal Oswal Large Cap - - - - - - - - 83 9 5 3 - - - 0.75 1,282 NR -
28 Nippon Ind Nifty Next 50 Junior BeES FoF 47.7 19.6 20.4 - 1 4 4 - 100 - - 0 2.3 0.5 High 0.13 498 2.8
29 Nippon India Large Cap 30.8 22.5 20.8 14.9 9 2 3 1 89 9 0 1 6.5 1.9 -Avg 0.66 34,105 3.6
30 PGIM India Large Cap 19.5 12.8 14.8 11.9 37 30 28 23 95 3 - 2 -1.6 -0.8 Avg 0.86 587 2.0
31 Quant Focused 27.7 19.9 23.6 17.1 19 3 2 - 90 4 - 6 3.6 0.6 Avg 0.66 1,121 4.9
32 Quant Large Cap 31.5 - - - 8 - - - 82 11 - 7 - - - 0.49 2,500 NR -
33 SBI Bluechip 23.1 15.1 17.5 13.9 30 25 16 9 86 9 - 5 0.7 -0.1 -Avg 0.81 50,447 3.3
34 Sundaram Large Cap 21.8 14.5 16.2 12.7 33 27 23 17 93 2 - 5 -0.3 -0.4 -Avg 0.63 3,453 4.0
35 Tata Large Cap 26.8 16.0 17.4 13.3 24 17 17 10 89 7 1 3 0.7 0.2 Avg 1.02 2,415 3.0
36 Union Largecap 21.6 12.8 16.2 - 34 32 22 - 93 4 - 3 -1.6 -0.9 Avg 1.58 433 2.6
37 UTI Large Cap 21.3 12.2 16.9 12.5 35 33 20 19 87 9 1 3 -2.5 -1.1 Avg 0.93 12,842 3.4
38 WhiteOak Capital Large Cap 33.7 - - - 4 - - - 86 7 2 5 - - - 0.65 635 NR -
Equity: Large Cap 28.1 16.8 18.1 13.2 37 34 29 24 89 7 3 3 1.5 0.2 0.71 9,648
BSE 100 TRI 24.8 15.4 17.6 12.9
Equity: Large & MidCap
39 ABSL Equity Advantage 24.1 10.7 16.8 13.5 26 26 23 14 52 41 6 1 -4.9 -0.9 High 1.14 5,872 1.3
40 Axis Growth Opportunities 32.2 16.7 23.7 - 13 21 7 - 75 19 2 5 1.1 0.1 +Avg 0.59 13,780 È 3.7
41 Bajaj FinServ Large and Mid Cap - - - - - - - - 68 28 1 3 - - - 0.62 1,553 NR -
42 Bandhan Core Equity 39.9 26.3 24.7 17.1 4 2 3 4 54 30 11 5 8.8 1.9 Avg 0.61 6,917 Ç 3.3
43 Bank of India Large & Mid Cap Equity 30.5 18.9 21.4 13.4 16 18 18 15 58 29 10 3 2.6 0.6 +Avg 1.35 365 2.4
44 Baroda BNP Paribas Large & Mid Cap 38.2 21.2 - - 5 12 - - 58 36 1 5 4.7 0.8 High 0.82 1,437 2.9
45 Canara Robeco Emerging Equities 34.5 17.8 22.8 17.9 10 19 10 2 63 34 1 2 2.1 0.3 Avg 0.57 24,108 3.4
46 DSP Equity Opportunities 35.8 21.7 22.2 16.7 9 11 14 6 61 34 2 3 5.2 1.0 +Avg 0.69 13,804 3.0
47 Edelweiss Large & Mid Cap 34.5 21.1 23.4 16.2 11 13 8 8 62 32 4 2 4.6 1.1 -Avg 0.44 3,645 3.7
48 Franklin India Equity Advantage 30.1 15.4 19.3 13.0 19 25 22 17 65 31 1 3 -0.2 -0.2 +Avg 1.27 3,518 1.4
49 HDFC Large and Mid Cap 30.2 22.7 24.1 14.1 18 8 6 13 61 34 3 2 5.7 1.5 Avg 0.88 23,485 3.4
50 Helios Large & Mid Cap - - - - - - - - 67 19 - 15 - - - 0.75 179 NR -
51 HSBC Large and Mid Cap 41.7 22.9 22.3 - 3 7 13 - 65 28 3 4 6.6 0.9 Avg 0.88 3,609 2.5
Equity: Large & MidCap 33.2 20.2 22.5 15.7 26 26 23 17 62 30 4 4 3.9 0.7 0.73 8,457
BSE Large Mid Cap TRI 26.0 16.1 18.3 13.4
Data pertains to the direct plans of the 1,000 largest funds by AUM. ETFs and index funds are excluded and covered in their own scoreboards. Portfolio and AUM data as of October 31, 2024; all other data as of November 30 2024.

Equity: Large & MidCap

52 ICICI Pru Large & Mid Cap 31.6 22.9 24.2 15.5 15 6 5 10 63 27 3 7 6.9 1.2 -Avg 0.81 17,120 3.9
53 Invesco India Large & Mid Cap 44.2 23.9 22.5 17.2 2 3 11 3 54 39 5 2 6.8 1.3 Avg 0.66 6,149 2.7
54 ITI Large & Mid Cap - - - - - - - - 48 28 10 14 - - - 0.37 783 NR -
55 Kotak Equity Opportunities 34.5 22.6 23.0 17.0 12 9 9 5 66 31 0 2 6.4 1.3 Low 0.50 25,034 4.3
56 LIC MF Large & Mid Cap 37.8 19.1 21.2 - 6 16 19 - 52 30 15 3 3.4 0.4 Avg 0.59 3,083 2.9
57 Mahindra Manulife Large & Mid Cap 26.1 19.2 - - 23 15 - - 62 27 4 7 3.3 0.5 +Avg 0.45 2,514 3.7
58 Mirae Asset Large & Midcap 26.6 16.3 21.9 19.5 21 23 16 1 65 31 3 1 0.6 0.0 Avg 0.61 38,166 4.2
59 Motilal Oswal Large and Midcap 49.1 27.6 27.7 - 1 1 1 - 52 43 4 1 10.3 1.5 Low 0.48 6,840 4.6
60 Navi Large & Midcap 24.5 16.7 19.9 - 25 22 21 - 52 35 8 5 1.1 0.1 High 0.35 316 2.8
61 Nippon India Vision 36.8 21.9 22.0 13.1 8 10 15 16 72 25 - 3 5.5 1.5 Avg 1.45 5,403 1.8
62 PGIM India Large and Mid Cap - - - - - - - - 75 21 - 4 - - - 0.60 559 NR -
63 Quant Large & Mid Cap 31.9 23.6 26.8 19.2 14 4 2 - 65 28 - 7 5.8 0.9 Avg 0.62 3,709 4.5
64 SBI Large & Midcap 29.2 19.7 22.4 16.1 20 14 12 9 54 37 5 4 4.0 0.7 Low 0.71 28,660 4.3
65 Sundaram Large & Midcap 30.3 17.2 21.4 16.6 17 20 17 7 71 23 0 5 1.3 0.3 +Avg 0.74 6,871 2.7
66 Tata Large & Midcap 26.6 19.0 20.2 15.3 22 17 20 11 59 32 4 6 3.7 0.5 -Avg 0.63 8,390 3.4
67 Union Large & Midcap 25.5 15.9 - - 24 24 - - 67 27 4 2 0.8 0.0 Avg 0.94 834 2.5
68 UTI Large & Mid Cap 37.4 22.9 24.2 14.6 7 5 4 12 53 36 6 6 6.3 1.4 Avg 1.07 3,976 2.7
69 WhiteOak Capital Large & Mid Cap - - - - - - - - 67 27 2 4 - - - 0.39 1,487 NR -
Equity: Large & MidCap 33.2 20.2 22.5 15.7 26 26 23 17 62 30 4 4 3.9 0.7 0.73 8,457
BSE Large Mid Cap TRI 26.0 16.1 18.3 13.4
Equity: Flexi Cap
70 360 ONE FlexiCap 40.3 - - - 7 - - - 52 36 6 5 - - - 0.40 1,148 NR -
71 360 ONE Focused Equity 26.7 17.4 22.6 17.3 53 31 11 3 70 23 3 4 1.1 0.1 -Avg 0.87 7,617 4.8
72 ABSL Bal Bhavishya Yojna 22.6 14.2 14.4 - 72 52 47 - 58 27 13 2 -1.5 -0.7 Avg 0.78 1,088 1.2
73 ABSL Flexi Cap 29.7 16.3 18.8 15.1 34 40 23 11 77 20 1 2 -0.2 -0.2 High 0.91 22,507 2.6
74 ABSL Focused 30.2 16.2 18.2 13.5 32 41 28 22 80 15 - 6 0.2 -0.2 +Avg 0.91 7,729 2.7
75 ABSL Retirement 30s 29.1 15.0 15.0 - 40 50 46 - 58 27 12 3 -0.5 -0.4 Avg 1.16 402 1.3
76 Axis Flexi Cap 31.3 12.1 17.1 - 27 58 41 - 74 18 3 6 -3.4 -0.8 +Avg 0.71 12,666 2.8
77 Axis Focused 23.5 6.2 13.1 13.5 69 63 49 24 92 2 - 6 -9.5 -1.3 High 0.81 13,356 1.9
78 Bajaj FinServ Flexi Cap 35.5 - - - 17 - - - 62 24 12 2 - - - 0.48 3,780 NR -
79 Bandhan Flexi Cap 25.0 15.0 16.9 12.5 60 49 43 30 78 15 4 3 -1.0 -0.4 Avg 1.18 7,334 2.2
80 Bandhan Focused Equity 40.7 20.1 19.9 13.8 6 17 19 21 59 29 12 1 3.8 0.4 Avg 0.82 1,746 Ç 2.4
81 Bank of India Flexi Cap 41.0 24.9 - - 5 4 - - 50 26 16 8 6.7 1.2 +Avg 0.53 1,930 4.0
82 Baroda BNP Paribas Flexi Cap 30.9 - - - 28 - - - 61 31 3 4 - - - 0.92 1,311 NR -
83 Baroda BNP Paribas Focused 28.0 17.6 19.0 - 48 27 22 - 84 10 3 3 1.6 0.1 Avg 0.43 675 3.1
84 Canara Robeco Flexi Cap 28.2 15.4 20.1 14.4 46 47 17 18 80 17 - 3 -0.3 -0.5 -Avg 0.57 12,901 3.8
85 Canara Robeco Focused Equity 34.5 19.0 - - 21 22 - - 81 14 - 5 3.2 0.4 -Avg 0.50 2,514 4.0
86 DSP Flexi Cap 30.1 16.8 20.5 15.1 33 35 16 10 60 29 7 4 0.3 0.0 +Avg 0.72 11,789 3.3
87 DSP Focus 29.1 17.5 17.1 13.5 41 29 40 23 57 29 5 9 0.7 0.1 +Avg 1.01 2,546 2.0
88 Edelweiss Flexi Cap 39.5 21.7 22.7 - 8 15 9 - 80 15 2 3 4.4 1.2 Avg 0.43 2,365 3.3
89 Edelweiss Focused 36.3 - - - 14 - - - 87 10 - 3 - - - 0.65 896 NR -
90 Franklin India Flexi Cap 32.4 20.6 23.1 15.6 25 16 8 6 81 13 3 3 4.0 1.0 Avg 0.91 17,450 3.7
91 Franklin India Focused Equity 29.3 19.2 21.0 15.5 39 20 13 7 81 13 1 5 3.0 0.5 +Avg 0.94 12,068 3.6
92 HDFC Flexi Cap 35.5 26.2 23.6 15.3 18 3 7 9 76 8 3 12 9.2 1.8 Avg 0.76 64,929 3.4
93 HDFC Focused 30 36.1 27.6 24.4 14.9 15 2 6 15 68 9 7 16 11.0 2.0 Low 0.60 14,969 3.4
94 HDFC Retirement Savings Equity 28.2 21.8 25.2 - 45 13 5 - 64 16 11 8 6.1 1.0 Low 0.71 5,970 4.8
95 Helios Flexi Cap 38.1 - - - 11 - - - 59 29 9 2 - - - 0.49 2,145 NR -
96 HSBC Flexi Cap 39.2 21.7 21.2 14.1 10 14 12 20 63 26 9 1 5.3 1.1 -Avg 1.16 4,943 2.8
97 HSBC Focused 30.5 17.6 - - 30 28 - - 50 33 11 5 1.8 0.1 +Avg 0.89 1,754 2.3
98 ICICI Pru BSE 500 ETF FOF 26.9 - - - 51 - - - 80 18 2 0 - - - 0.13 121 NR -
99 ICICI Pru Flexicap 30.6 21.8 - - 29 12 - - 70 18 10 2 6.0 0.9 Low 0.79 16,768 4.0
100 ICICI Pru Focused Equity 36.8 22.6 25.4 15.0 13 9 3 12 83 11 - 5 5.7 1.1 -Avg 0.59 9,867 3.8
101 ICICI Pru India Equity FOF 35.0 22.8 - - 20 8 - - 73 12 4 11 6.6 1.1 Low 0.61 147 5.0
102 ICICI Pru Passive Strategy (FOF) 26.5 17.4 18.3 13.3 54 30 26 - 88 8 0 4 1.9 0.1 -Avg 0.21 176 3.0
Equity: Flexi Cap 30.0 17.7 19.4 14.5 80 63 49 32 67 22 8 5 1.6 0.1 0.76 7,311
BSE 500 TRI 27.0 16.8 19.6 14.0

Equity: Flexi Cap

103 ICICI Pru Retirement Pure Equity 38.0 22.5 25.4 - 12 11 4 - 66 25 4 5 5.9 0.9 Low 0.72 1,017 4.7
104 Invesco India Flexi Cap 43.0 - - - 4 - - - 62 25 10 3 - - - 0.61 2,260 NR -
105 Invesco India Focused 53.5 22.6 - - 1 10 - - 68 25 3 5 5.3 0.8 +Avg 0.58 3,293 3.6
106 ITI Flexi Cap 39.3 - - - 9 - - - 51 25 23 2 - - - 0.30 1,263 NR -
107 ITI Focused Equity 35.3 - - - 19 - - - 60 31 6 3 - - - 0.60 497 NR -
108 JM Flexicap 44.0 28.4 25.7 18.3 3 1 2 2 48 34 16 3 10.4 1.8 Low 0.52 4,722 4.1
109 JM Focused 32.8 23.0 18.2 14.7 22 7 29 16 66 23 3 8 6.4 0.9 +Avg 0.78 196 1.8
110 Kotak Flexicap 29.4 17.8 17.8 14.9 38 24 32 13 80 19 - 1 1.6 0.2 Avg 0.61 50,582 3.0
111 Kotak Focused Equity 28.7 16.7 19.6 - 44 37 20 - 82 17 - 1 0.8 -0.1 -Avg 0.50 3,505 3.1
112 LIC MF Flexi Cap 28.8 16.3 17.8 11.6 42 39 33 31 42 27 28 3 0.2 -0.1 Avg 1.35 1,067 2.4
113 LIC MF Focused 24.8 13.2 17.1 - - - - - 55 16 25 4 -2.2 -0.7 - 1.56 143 NR -
114 Mahindra Manulife Flexi Cap 27.5 19.1 - - 49 21 - - 65 25 8 2 2.3 0.6 Avg 0.42 1,435 3.0
115 Mahindra Manulife Focused 35.9 23.7 - - 16 6 - - 87 7 3 3 6.4 1.3 -Avg 0.42 1,791 4.0
116 Mirae Asset Flexi Cap 26.8 - - - 52 - - - 66 24 8 2 - - - 0.51 2,338 NR -
117 Mirae Asset Focused 23.8 10.5 18.4 - 64 60 25 - 39 48 10 3 -3.7 -1.1 +Avg 0.56 8,250 3.3
118 Motilal Oswal Flexi Cap 51.2 23.8 19.4 16.3 2 5 21 4 79 12 1 8 7.4 0.8 +Avg 0.88 12,024 1.4
119 Motilal Oswal Focused 19.3 13.4 15.4 13.1 79 56 45 26 23 52 25 0 -1.9 -0.4 Avg 0.94 1,925 2.2
120 Navi Flexi Cap 21.5 16.0 17.8 - 77 43 34 - 57 22 12 10 0.0 -0.2 +Avg 0.43 267 2.9
121 Nippon India Flexi Cap 25.4 18.4 - - 58 23 - - 68 22 7 3 1.9 0.3 Avg 0.45 8,426 4.0
122 Nippon India Focused Equity 20.7 16.7 20.8 14.9 78 36 14 14 55 23 10 12 0.6 0.0 High 1.16 8,477 3.1
123 Nippon India Passive Flexicap FoF 26.4 16.0 - - 55 42 - - 77 20 2 2 -0.7 -0.4 +Avg 0.22 237 3.0
124 Nippon India Retirement Wealth Creation 32.5 19.6 17.9 - 24 18 31 - 73 22 5 1 2.5 0.9 +Avg 0.98 3,288 1.5
125 NJ Flexi Cap 29.7 - - - 35 - - - 72 26 1 1 - - - 0.59 1,880 NR -
126 Old Bridge Focused Equity - - - - - - - - 45 37 11 7 - - - 1.21 937 NR -
127 Parag Parikh Flexi Cap 29.5 17.7 25.7 18.7 36 26 1 1 71 8 0 21 3.5 0.1 Low 0.63 81,919 5.0
128 PGIM India Flexi Cap 23.8 12.1 22.7 - 66 59 10 - 75 21 2 1 -3.4 -0.9 +Avg 0.43 6,338 4.4
129 Quant Flexi Cap 32.2 21.6 32.6 19.6 26 - - - 74 14 2 10 3.4 0.6 - 0.59 7,514 NR -
130 Quantum Equity FoF 28.7 15.6 17.5 13.1 43 45 36 27 72 22 2 4 -0.1 -0.4 Avg 0.51 128 2.4
131 Samco Flexi Cap 9.1 - - - 80 - - - 39 61 - 1 - - - 0.99 604 NR -
132 SBI Flexicap 22.8 14.1 17.3 14.5 71 53 37 17 62 24 9 4 -0.9 -0.7 Avg 0.82 22,093 3.0
133 SBI Focused Equity 22.1 10.1 17.7 15.4 74 61 35 8 60 25 1 14 -3.4 -0.8 Avg 0.74 34,941 3.3
134 SBI Retirement Benefit Aggressive 23.2 17.8 - - 70 25 - - 63 28 6 3 2.5 0.1 Low 0.81 2,715 4.0
135 Shriram Flexi Cap 25.2 16.9 17.0 - 59 32 42 - 63 29 2 5 0.9 0.0 Avg 0.78 137 2.3
136 Sundaram Flexi Cap 24.1 - - - 62 - - - 74 17 6 4 - - - 0.60 2,123 NR -
137 Sundaram Focused 28.1 15.5 20.1 14.3 47 46 18 19 87 7 2 4 -0.6 -0.3 Avg 1.25 1,105 3.5
138 Tata Flexi Cap 24.2 14.9 17.3 - 61 51 38 - 55 29 9 7 -0.2 -0.4 -Avg 0.66 3,009 2.8
139 Tata Focused Equity 30.2 19.3 - - 31 19 - - 68 21 8 2 2.5 0.7 Avg 0.61 1,848 3.4
140 Tata Retirement Savings Progressive 29.5 16.9 18.0 15.8 37 33 30 5 47 32 13 9 1.7 0.0 -Avg 0.54 2,089 2.8
141 Tata Young Citizens 22.0 15.2 19.4 12.9 76 48 - - 53 20 20 6 -0.7 -0.4 +Avg 1.89 367 2.8
142 Taurus Flexi Cap 27.0 16.9 15.6 10.0 50 34 44 32 69 16 10 4 -0.3 0.0 High 2.57 367 1.0
143 TRUSTMF Flexi Cap - - - - - - - - 51 27 13 9 - - - 0.49 775 NR -
144 Union Flexi Cap 23.7 15.8 20.7 12.9 67 44 15 29 72 14 11 3 0.3 -0.3 Avg 0.88 2,234 4.0
145 Union Focused 22.1 13.6 18.8 - 75 55 24 - 77 7 11 5 -0.9 -0.7 -Avg 1.51 416 3.4
146 Union Retirement 26.1 - - - 56 - - - 68 14 13 6 - - - 1.16 151 NR -
147 UTI Children's Equity 23.7 13.0 18.3 13.2 68 57 27 25 72 23 3 2 -3.0 -0.8 +Avg 1.19 1,117 2.5
148 UTI Flexi Cap 22.5 7.5 17.2 13.0 73 62 39 28 66 27 2 4 -7.7 -1.3 High 1.03 25,924 2.8
149 UTI Focused 25.9 16.5 - - 57 38 - - 85 14 - 2 0.4 -0.1 Avg 0.65 2,687 3.3
150 WhiteOak Capital Flexi Cap 32.7 - - - 23 - - - 60 22 11 7 - - - 0.43 4,149 NR -
Equity: Flexi Cap 30.0 17.7 19.4 14.5 80 63 49 32 67 22 8 5 1.6 0.1 0.76 7,311
BSE 500 TRI 27.0 16.8 19.6 14.0
Equity: Mid Cap
151 ABSL Mid Cap 32.6 19.7 24.1 15.9 20 21 19 19 23 73 3 1 -2.0 -0.7 +Avg 1.07 6,015 1.6
152 Axis Midcap 36.4 18.4 24.2 17.9 14 24 18 10 52 42 - 6 -1.7 -0.7 Avg 0.54 30,008 3.9
153 Bandhan Midcap 36.0 - - - 15 - - - 46 47 3 4 - - - 0.61 1,494 NR -
Equity: Mid Cap 36.4 23.6 27.4 18.1 29 25 23 19 41 52 4 4 1.5 -0.1 0.73 13,163
BSE 150 MidCap TRI 34.0 23.8 28.4 19.2

Equity: Mid Cap

154 Baroda BNP Paribas Midcap 34.9 22.7 27.4 18.3 18 13 12 8 33 56 3 7 2.0 -0.3 -Avg 0.53 2,143 3.1
155 Canara Robeco Mid Cap 34.1 - - - 19 - - - 51 45 0 4 - - - 0.61 2,661 NR -
156 DSP Midcap 30.4 18.9 22.0 16.7 24 23 23 15 21 71 4 4 -3.2 -0.9 +Avg 0.77 19,015 2.0
157 Edelweiss Mid Cap 47.4 28.1 31.7 20.5 3 3 3 2 47 48 2 3 5.1 0.8 Avg 0.39 7,677 4.0
158 Franklin India Prima 40.5 23.4 24.1 17.4 7 12 20 13 41 56 1 2 1.2 -0.1 +Avg 0.96 12,318 2.0
159 HDFC Mid-Cap Opportunities 35.8 28.9 29.4 19.2 16 2 7 5 33 54 6 8 6.2 1.0 -Avg 0.76 75,037 3.4
160 HSBC Midcap 42.4 25.9 25.5 18.4 5 9 15 7 63 35 0 2 4.8 0.3 -Avg 0.67 11,768 2.3
161 ICICI Pru Midcap 37.0 22.5 25.5 16.6 13 15 16 16 44 54 1 1 -0.1 -0.2 +Avg 1.06 6,330 2.5
162 Invesco India Mid Cap 48.0 26.3 29.3 19.8 2 8 8 4 36 55 8 1 3.5 0.4 Avg 0.58 5,625 Ç 3.4
163 ITI Mid Cap 42.7 25.3 - - 4 10 - - 41 54 2 3 2.7 0.3 Avg 0.26 1,110 3.0
164 JM Midcap 40.2 - - - 9 - - - 28 60 11 1 - - - 0.39 1,691 NR -
165 Kotak Emerging Equity 40.0 24.6 28.5 20.4 10 11 9 3 39 56 1 4 3.5 0.1 Low 0.36 50,627 4.0
166 LIC MF Midcap 35.0 20.6 23.9 - 17 18 21 - 33 50 16 1 -2.4 -0.6 High 1.55 315 1.3
167 Mahindra Manulife Mid Cap 40.9 27.9 30.0 - 6 4 5 - 51 45 1 2 3.8 1.1 Avg 0.48 3,341 3.4
168 Mirae Asset Midcap 30.4 21.2 27.4 - 23 16 11 - 31 61 7 1 -1.1 -0.6 +Avg 0.61 16,577 3.4
169 Motilal Oswal Midcap 61.8 36.8 34.1 22.1 1 1 1 1 68 29 - 2 13.0 1.2 Low 0.54 20,056 4.4
170 Nippon India Growth 37.2 27.7 29.9 19.0 12 5 6 6 42 52 2 3 4.6 0.8 Avg 0.79 33,922 4.0
171 PGIM India Midcap Opportunities 25.0 15.8 30.5 17.4 28 25 4 11 51 44 2 3 -4.0 -1.1 Avg 0.47 10,943 4.3
172 Quant Mid Cap 29.0 26.4 34.0 19.6 26 6 2 - 42 50 - 8 3.0 0.3 Avg 0.58 8,941 4.8
173 SBI Magnum Midcap 25.7 20.2 27.8 17.4 27 19 10 12 27 63 4 5 0.6 -0.5 -Avg 0.79 21,407 3.6
174 Sundaram Midcap 40.2 26.3 25.5 17.0 8 7 17 14 49 46 0 6 3.7 0.5 -Avg 0.90 12,350 2.1
175 Tata Midcap Growth 31.3 22.7 26.4 17.9 22 14 13 9 42 51 2 5 0.8 -0.3 Avg 0.66 4,444 3.0
176 Taurus Mid Cap 20.2 19.8 23.3 16.2 29 20 22 18 19 63 12 6 -3.2 -0.6 High 2.13 129 2.1
177 Union Midcap 31.7 21.0 - - 21 17 - - 50 42 5 2 -0.6 -0.5 Avg 0.73 1,350 2.9
178 UTI Mid Cap 30.2 19.3 26.4 16.3 25 22 14 17 33 60 3 3 -2.1 -0.9 Avg 0.89 11,894 2.8
179 WhiteOak Capital Mid Cap 38.6 - - - 11 - - - 38 48 8 6 - - - 0.41 2,542 NR -
Equity: Mid Cap 36.4 23.6 27.4 18.1 29 25 23 19 41 52 4 4 1.5 -0.1 0.73 13,163
BSE 150 MidCap TRI 34.0 23.8 28.4 19.2
Equity: Small Cap
180 ABSL Small Cap 28.7 19.4 25.1 16.1 20 22 19 12 3 49 45 2 -1.6 -0.8 High 0.95 5,181 1.0
181 Axis Small Cap 29.3 22.7 29.3 20.8 17 16 17 3 7 50 30 13 3.8 -0.3 Low 0.56 23,952 4.8
182 Bandhan Small Cap 56.8 31.6 - - 1 1 - - 9 44 39 8 7.5 1.0 +Avg 0.41 8,716 2.4
183 Bank of India Small Cap 35.7 26.6 39.3 - 8 9 2 - 4 47 39 10 4.9 0.2 Avg 0.51 1,537 4.2
184 Baroda BNP Paribas Small Cap 30.2 - - - 16 - - - 2 70 21 6 - - - 0.52 1,499 NR -
185 Canara Robeco Small Cap 31.3 24.2 35.7 - 14 13 4 - 15 58 24 3 4.0 -0.1 -Avg 0.47 12,324 4.0
186 DSP Small Cap 28.8 23.7 31.8 19.7 19 14 10 7 - 33 61 6 1.4 -0.1 +Avg 0.84 16,147 2.4
187 Edelweiss Small Cap 33.5 25.9 35.0 - 11 11 5 - 6 61 31 2 4.4 0.2 -Avg 0.38 4,256 4.0
188 Franklin India Smaller Companies 30.9 26.9 30.5 18.9 15 8 14 8 9 52 33 6 5.6 0.3 Avg 0.89 13,944 2.5
189 HDFC Small Cap 27.5 25.7 30.5 20.1 21 12 13 6 6 49 39 7 4.3 0.1 +Avg 0.71 33,504 2.7
190 HSBC Small Cap 33.2 27.4 32.5 20.3 12 6 9 5 9 69 21 2 5.5 0.4 Avg 0.68 16,920 3.1
191 ICICI Pru Smallcap 25.2 21.4 29.7 17.3 24 19 16 9 12 38 35 16 2.3 -0.4 Avg 0.76 8,435 3.5
192 Invesco India Smallcap 41.8 27.9 33.7 - 4 5 7 - 13 62 21 3 6.7 0.3 -Avg 0.41 5,353 3.0
193 ITI Small Cap 44.9 27.4 - - 3 7 - - 14 63 21 2 6.2 0.3 Avg 0.42 2,366 1.4
194 JM Small Cap - - - - - - - - - 56 39 4 - - - 0.62 581 NR -
195 Kotak Small Cap 33.6 20.3 32.6 20.6 10 21 8 4 14 53 31 2 1.0 -0.5 Avg 0.49 17,593 3.7
196 LIC MF Small Cap 45.1 26.2 31.4 - 2 10 11 - 3 31 62 4 4.9 0.2 Avg 1.39 386 2.6
197 Mahindra Manulife Small Cap 39.1 - - - 6 - - - 11 54 27 9 - - - 0.44 5,220 NR -
198 Motilal Oswal Small Cap - - - - - - - - 4 45 42 9 - - - 0.42 2,832 NR -
199 Nippon India Small Cap 35.3 30.1 36.7 23.7 9 3 3 1 16 45 34 5 7.5 0.9 Avg 0.68 61,027 4.2
200 PGIM India Small Cap 26.7 16.1 - - 23 23 - - 2 56 36 5 -4.1 -1.1 +Avg 0.54 1,565 1.0
201 Quant Small Cap 38.8 30.4 47.8 21.8 7 2 1 - 22 41 26 11 5.9 0.9 +Avg 0.64 26,331 Ç 4.0
202 SBI Small Cap 29.1 21.0 28.5 22.7 18 20 18 2 - 57 31 12 2.5 -0.5 Low 0.67 33,107 3.5
203 Sundaram Small Cap 26.9 22.6 30.2 16.5 22 17 15 11 6 48 41 5 2.0 -0.4 +Avg 0.84 3,450 2.0
204 Tata Small Cap 40.8 28.2 34.4 - 5 4 6 - - 41 51 8 7.8 0.3 -Avg 0.34 9,464 4.1
Equity: Small Cap 33.6 24.8 32.9 19.4 26 23 19 12 8 51 36 6 3.8 0.0 0.64 11,921
BSE 250 SmallCap TRI 33.6 24.3 30.0 15.7

Equity: Small Cap

205 Union Small Cap 24.6 22.9 30.8 16.7 25 15 12 10 2 44 49 4 2.9 -0.2 +Avg 0.97 1,628 2.5
206 UTI Small Cap 32.5 22.6 - - 13 18 - - 3 59 36 3 2.0 -0.3 Avg 0.69 4,538 2.7
Equity: Small Cap 33.6 24.8 32.9 19.4 26 23 19 12 8 51 36 6 3.8 0.0 0.64 11,921
BSE 250 SmallCap TRI 33.6 24.3 30.0 15.7
Equity: Value Oriented
207 ABSL Pure Value 28.8 23.6 23.2 14.1 20 9 10 11 50 36 13 2 6.5 1.0 High 1.03 6,416 1.0
208 Axis Value 39.9 23.7 - - 3 8 - - 56 23 12 10 7.0 1.5 +Avg 0.94 749 3.0
209 Bandhan Sterling Value 29.1 22.0 26.7 16.9 19 14 2 5 69 14 9 8 6.2 1.0 +Avg 0.71 10,036 3.6
210 Baroda BNP Paribas Value 28.5 - - - 21 - - - 70 17 8 5 - - - 0.84 1,520 NR -
211 Canara Robeco Value 30.8 24.5 - - 16 5 - - 67 20 10 4 8.6 2.0 -Avg 0.64 1,264 5.0
212 DSP Value 29.7 17.6 - - 18 19 - - 56 15 5 24 3.5 0.3 -Avg 0.93 897 2.5
213 HDFC Capital Builder Value 33.2 20.5 21.3 14.8 13 16 14 10 73 18 8 1 4.5 1.2 +Avg 0.98 7,429 2.0
214 HSBC Value 36.7 26.1 25.9 18.1 5 2 4 1 47 37 13 3 9.6 1.5 Avg 0.78 13,603 3.2
215 ICICI Pru Value Discovery 30.9 24.2 26.3 16.3 15 7 3 8 82 6 1 11 9.3 1.3 Low 1.00 49,104 4.6
216 Invesco India Contra 41.9 22.7 23.9 17.9 2 12 8 2 69 24 4 3 6.6 1.4 -Avg 0.52 17,718 3.4
217 ITI Value 33.4 22.5 - - 12 13 - - 47 27 23 2 6.6 1.2 Avg 0.48 301 3.0
218 JM Value 36.5 27.6 25.7 18.4 7 1 5 - 41 34 23 2 11.1 1.2 Avg 0.98 1,067 3.3
219 Kotak India EQ Contra 36.6 24.6 23.8 17.1 6 4 9 3 62 30 6 2 8.0 2.0 -Avg 0.55 3,935 4.1
220 LIC MF Value 37.0 - - - 4 - - - 39 18 41 2 4.4 1.0 High 1.63 138 2.1
221 Nippon India Value 35.4 24.3 25.3 16.7 9 6 7 6 61 26 9 4 7.5 1.6 +Avg 1.16 8,542 3.1
222 Quant Value 43.7 - - - 1 - - - 54 23 15 7 - - - 0.39 1,959 NR -
223 Quantum Long Term Equity Value 33.8 20.2 19.4 12.8 11 18 16 13 68 13 3 16 5.1 1.0 Avg 1.10 1,179 2.0
224 SBI Contra 31.1 25.8 30.5 17.0 14 3 1 4 54 20 5 21 9.7 1.8 Low 0.57 40,486 4.8
225 Tata Equity PE 34.5 23.3 22.0 16.5 10 11 12 7 58 27 6 9 7.0 1.6 -Avg 0.80 8,681 2.7
226 Templeton India Value 29.9 23.6 25.3 15.1 17 10 6 9 66 16 11 8 7.4 1.4 +Avg 0.86 2,199 3.3
227 Union Value 27.4 20.7 22.0 - 23 15 13 - 61 13 20 5 5.7 0.9 Avg 1.34 295 2.7
228 UTI Value 35.9 20.3 22.0 13.9 8 17 11 12 69 25 4 2 4.5 1.0 -Avg 1.13 10,141 3.4
Equity: Value Oriented 33.6 22.8 23.9 15.9 23 20 16 13 60 22 11 7 6.9 1.3 0.88 8,530
BSE 100 TRI 24.8 15.4 17.6 12.9
Equity: ELSS
229 ABSL ELSS Tax Saver 26.8 12.7 13.4 12.5 25 32 33 24 71 24 4 1 -3.0 -1.4 High 0.98 15,895 1.2
230 Axis ELSS Tax Saver 24.9 9.2 14.9 13.7 29 33 32 18 85 10 0 4 -6.9 -0.9 High 0.80 36,533 1.9
231 Bandhan ELSS Tax Saver 22.6 18.5 23.4 16.7 34 19 6 5 75 12 9 4 2.1 0.4 +Avg 0.66 6,900 4.1
232 Bank of India ELSS Tax Saver 34.9 20.8 26.7 18.0 8 9 2 2 58 21 14 8 3.6 0.6 Avg 0.96 1,436 4.4
233 Baroda BNP Paribas ELSS Tax Saver 33.7 18.8 20.6 14.3 10 18 15 13 60 31 5 5 2.6 0.4 -Avg 0.96 942 2.8
234 Canara Robeco ELSS Tax Saver 28.9 16.5 22.2 15.3 22 26 9 10 72 21 2 5 0.6 -0.1 -Avg 0.56 8,791 4.1
235 DSP ELSS Tax Saver 36.8 21.3 22.7 17.1 6 6 8 3 70 24 2 3 4.3 1.0 Avg 0.74 16,841 4.0
236 Edelweiss ELSS Tax Saver 32.5 18.8 20.1 14.1 14 17 20 15 74 20 4 2 2.4 0.5 Avg 0.70 393 3.0
237 Franklin India ELSS Tax Saver 33.4 21.1 21.7 14.9 12 7 11 11 82 13 3 2 4.3 1.2 Avg 0.99 6,833 2.9
238 HDFC ELSS Tax Saver 33.2 23.4 21.7 13.3 13 3 12 20 79 7 6 8 6.8 1.6 Low 1.09 15,935 2.7
239 HSBC ELSS Tax Saver 41.5 20.7 20.4 14.8 2 10 19 12 60 29 9 1 3.8 0.7 +Avg 1.10 4,253 2.0
240 ICICI Pru ELSS Tax Saver 25.9 16.2 19.0 13.8 26 27 26 16 78 14 7 1 0.4 -0.2 +Avg 1.08 14,347 2.8
241 Invesco India ELSS Tax Saver 34.0 17.2 20.6 16.0 9 22 17 8 56 32 10 2 0.7 0.1 +Avg 0.76 2,919 2.7
242 ITI ELSS Tax Saver 34.9 22.4 20.6 - 7 4 16 - 50 27 16 7 5.9 0.9 -Avg 0.51 388 3.0
243 JM ELSS Tax Saver 38.8 21.6 23.1 16.9 4 5 7 4 56 28 16 0 4.4 0.7 +Avg 1.27 181 3.5
244 Kotak ELSS Tax Saver 31.5 19.7 21.7 16.1 17 15 10 7 75 19 4 2 3.6 0.6 Low 0.61 6,148 4.3
245 LIC MF ELSS Tax Saver 30.5 17.8 17.7 13.7 18 21 29 17 69 18 11 1 1.9 0.1 Avg 0.96 1,140 2.4
246 Mahindra Manulife ELSS Tax Saver 23.8 16.9 20.5 - 33 24 18 - 67 24 6 4 0.7 0.0 Avg 0.61 925 3.2
247 Mirae Asset ELSS Tax Saver 29.4 17.0 21.6 - 20 23 13 - 69 23 7 1 0.8 0.0 Avg 0.61 24,896 4.4
248 Motilal Oswal ELSS Tax Saver 53.5 27.9 25.2 - 1 1 4 - 47 50 2 1 9.8 1.6 -Avg 0.65 4,074 3.3
249 Nippon India ELSS Tax Saver 31.8 20.0 19.0 11.4 16 13 25 25 73 21 3 3 3.0 1.0 High 1.03 15,673 1.4
250 NJ ELSS Tax Saver Scheme 25.3 - - - 27 - - - 47 48 4 0 - - - 0.54 251 NR -
251 Parag Parikh ELSS Tax Saver 27.2 20.0 24.6 - 23 12 5 - 68 6 7 19 5.9 0.4 Low 0.62 4,274 5.0
252 PGIM India ELSS Tax Saver 22.6 15.7 20.0 - 35 29 21 - 71 22 1 5 0.4 -0.2 Avg 0.74 756 3.7
Equity: ELSS 30.6 18.8 21.0 14.9 36 33 33 25 66 23 7 4 2.5 0.4 0.86 7,295
BSE 500 TRI 27.0 16.8 19.6 14.0

Equity: ELSS
253 Quant ELSS Tax Saver Fund 26.8 21.1 32.9 22.3 24 8 1 1 88 5 1 7 2.8 0.6 +Avg 0.59 10,980 5.0
254 Quantum ELSS Tax Saver 33.5 20.3 19.5 12.8 11 11 24 23 67 13 3 17 4.4 0.7 -Avg 0.90 211 2.2
255 Samco ELSS Tax Saver 14.8 - - - 36 - - - 16 79 5 0 - - - 0.98 120 NR -
256 SBI Long Term Equity 39.7 26.1 25.3 15.5 3 2 3 9 67 17 7 9 8.0 1.9 -Avg 0.93 27,559 3.7
257 Sundaram ELSS Tax Saver 24.1 16.0 19.5 13.1 31 28 23 21 74 16 5 5 0.5 -0.2 Avg 1.67 1,351 2.9
258 Tata ELSS Tax Saver 30.1 18.9 19.6 16.5 19 16 22 6 63 18 15 4 2.3 0.5 +Avg 0.70 4,680 3.0
259 Union ELSS Tax Saver 25.0 16.8 21.1 12.9 28 25 14 22 71 14 12 2 1.3 -0.1 -Avg 1.33 931 3.6
260 UTI ELSS Tax Saver 24.1 13.4 18.8 13.4 32 31 27 19 72 23 3 2 -2.6 -0.7 +Avg 0.91 3,873 2.6
261 WhiteOak Capital ELSS Tax Saver 38.0 - - - 5 - - - 52 26 18 4 - - - 0.70 293 NR -
Equity: ELSS 30.6 18.8 21.0 14.9 36 33 33 25 66 23 7 4 2.5 0.4 0.86 7,295
BSE 500 TRI 27.0 16.8 19.6 14.0
Equity: Sectoral-Banking
262 ABSL Banking & Financial Services 18.9 15.4 13.6 14.6 15 11 6 2 69 21 8 2 1.5 0.2 High 1.08 3,264 2.6
263 Bandhan Financial Services 29.6 - - - 2 - - - 68 21 7 4 - - - 0.63 951 NR -
264 Baroda BNP Paribas Banking & Fin Srvcs 25.0 17.8 12.6 11.6 5 5 9 7 84 13 - 2 3.8 0.6 Avg 0.98 192 Ç 2.0
265 DSP Banking & Financial Services - - - - - - - - 73 16 1 10 - - - 0.70 993 NR -
266 HDFC Banking & Financial Services 19.2 17.0 - - 14 8 - - 72 18 10 0 3.3 0.4 Avg 0.78 3,650 4.0
267 Helios Financial Services - - - - - - - - 66 26 8 1 - - - 0.76 127 NR -
268 ICICI Pru Banking & Financial Services 20.7 15.5 12.7 14.0 9 10 8 4 82 9 3 5 2.3 0.2 Avg 1.02 8,850 3.0
269 Invesco India Financial Services 29.5 20.9 17.0 16.2 3 1 1 1 71 19 9 1 7.0 0.8 -Avg 0.88 1,072 3.7
270 ITI Banking and Financial Services 17.3 - - - 16 - - - 76 19 2 2 - - - 0.44 268 NR -
271 Kotak Banking & Financial Services 24.5 - - - 6 - - - 77 17 4 2 - - - 0.68 986 NR -
272 LIC MF Banking & Financial Services 12.3 13.4 10.9 - 17 13 11 - 61 27 9 2 -0.4 -0.1 +Avg 1.05 261 1.5
273 Mirae Asset Banking and Fin Srvcs 22.6 17.3 - - 8 7 - - 64 25 11 0 3.4 0.5 Avg 0.60 1,845 È 3.9
274 Nippon India Banking & Financial Srvices 20.7 20.1 15.2 13.5 11 3 4 5 77 19 2 2 5.8 0.9 Avg 1.08 6,238 3.3
275 Quant BFSI 25.7 - - - 4 - - - 45 36 17 1 - - - 0.69 630 NR -
276 SBI Banking & Financial Services 32.0 19.1 15.6 - 1 4 3 - 76 20 3 2 5.5 0.7 -Avg 0.73 6,457 4.2
277 Sundaram Financial Services Opp 19.4 20.1 16.8 14.1 13 2 2 3 65 17 14 5 5.9 0.8 Low 0.78 1,453 4.6
278 Tata Banking & Financial Services 20.0 17.7 15.0 - 12 6 5 - 64 22 13 1 3.9 0.5 Avg 0.53 2,374 3.8
279 UTI Banking and Financial Services 22.6 16.3 12.2 11.1 7 9 10 8 71 22 7 1 2.6 0.3 +Avg 1.22 1,159 1.6
280 WhiteOak Capital Banking & Fin Srvices - - - - - - - - 67 23 8 2 - - - 0.68 282 NR -
Equity: Sectoral-Banking 22.4 17.4 14.0 13.4 17 13 11 8 70 21 8 2 3.7 0.5 0.81 2,161
BSE Bankex TRI 19.0 14.2 11.0 11.5
Equity: Sectoral-Infrastructure
281 ABSL Infrastructure 36.4 27.4 27.3 14.9 16 15 14 17 47 25 24 4 4.3 -0.7 High 1.34 1,195 1.7
282 Bandhan Infrastructure 51.8 31.2 31.6 18.0 3 8 4 8 41 25 33 1 5.6 -0.4 +Avg 0.82 1,777 2.1
283 Bank of India Manufacturing & Infra 38.8 28.1 32.1 18.3 13 13 2 4 39 32 21 8 6.3 -0.5 -Avg 0.86 519 3.8
284 Canara Robeco Infrastructure 54.0 31.3 30.4 17.5 2 7 7 9 61 29 5 5 8.6 -0.4 -Avg 1.03 848 3.4
285 DSP India T.I.G.E.R. 48.6 33.9 30.1 18.0 5 3 8 7 38 34 24 5 10.1 -0.3 Avg 0.84 5,406 3.1
286 Franklin Build India 44.0 31.9 28.8 19.4 8 6 11 2 51 32 12 5 8.4 -0.4 Avg 0.94 2,825 3.1
287 HDFC Infrastructure 39.4 34.7 25.6 11.9 12 2 16 19 46 22 25 7 9.2 -0.2 High 1.09 2,516 1.1
288 HSBC Infrastructure 44.5 29.9 27.7 18.1 6 11 13 5 55 30 13 2 7.8 -0.4 Avg 0.97 2,611 2.9
289 ICICI Pru Infrastructure 42.8 35.3 31.0 17.2 10 1 6 11 57 28 9 7 11.2 -0.2 Avg 1.21 6,779 4.0
290 Invesco India Infrastructure 50.1 30.3 32.1 19.0 4 9 3 3 48 41 8 3 7.4 -0.4 -Avg 0.74 1,591 4.6
291 Kotak Infrastructure and Economic Reform 44.1 30.0 29.6 18.0 7 10 9 6 40 34 23 3 9.7 -0.4 -Avg 0.62 2,368 4.5
292 LIC MF Infrastructure 61.6 33.8 29.1 16.6 1 4 10 14 27 27 40 6 11.3 -0.3 -Avg 1.06 786 3.6
293 Nippon India Power & Infra 43.9 33.0 31.0 17.3 9 5 5 10 61 28 9 2 8.2 -0.3 Avg 0.95 7,402 2.8
294 Quant Infrastructure 40.7 26.4 36.1 19.7 11 16 1 1 62 11 17 9 -0.4 -0.8 +Avg 0.66 3,599 4.8
295 SBI Infrastructure 32.4 28.0 26.8 17.1 17 14 15 12 42 30 21 7 7.0 -0.6 Low 0.92 4,963 3.9
296 Sundaram Infrastructure Advantage 37.4 24.2 24.9 14.9 15 17 17 16 57 27 12 5 2.5 -0.8 +Avg 1.80 1,000 2.4
297 Tata Infrastructure 38.3 28.6 28.6 16.9 14 12 12 13 42 33 21 4 5.8 -0.5 Avg 1.10 2,451 3.1
298 UTI Infrastructure 32.3 22.9 21.5 13.0 18 19 19 18 71 14 10 5 1.4 -0.9 +Avg 1.81 2,293 2.0
Equity: Sectoral-Infrastructure 42.8 29.7 28.8 16.9 19 19 19 19 49 28 18 5 6.9 -0.5 1.04 2,829
BSE India Infrastructure TRI 54.8 36.9 32.1 15.7

Equity: Sectoral-Pharma
299 ABSL Pharma & Healthcare 37.8 19.1 25.5 - 11 9 8 - 55 32 6 6 -0.8 -0.3 +Avg 0.93 882 2.2
300 DSP Healthcare 48.1 23.7 32.7 - 3 3 1 - 42 39 15 3 3.8 0.5 +Avg 0.59 3,138 3.1
301 HDFC Pharma And Healthcare 53.6 - - - 1 - - - 50 37 12 1 - - - 0.92 1,383 NR -
302 ICICI Pru Pharma Healthcare and Diagnost 49.6 25.1 31.2 - 2 1 2 - 53 24 21 2 5.0 1.0 Low 1.09 5,024 4.6
303 ITI Pharma and Healthcare 47.8 22.6 - - 5 4 - - 53 35 11 2 2.9 0.4 -Avg 0.47 208 4.0
304 Kotak Healthcare - - - - - - - - 58 28 13 1 - - - 0.74 406 NR -
305 Mirae Asset Healthcare 40.4 19.6 30.2 - 10 8 3 - 60 38 1 1 -0.3 -0.2 +Avg 0.47 2,770 3.0
306 Nippon India Pharma 36.5 20.0 28.6 16.1 12 7 6 1 59 26 11 4 0.6 -0.1 Avg 0.91 8,689 3.5
307 Quant Healthcare 42.3 - - - 8 - - - 25 34 39 1 - - - 0.69 437 NR -
308 SBI Healthcare Opportunities 45.5 24.7 30.1 14.9 7 2 4 2 52 31 14 3 5.1 0.8 -Avg 0.89 3,416 4.7
309 Tata India Pharma & Healthcare 41.7 22.0 28.6 - 9 5 7 - 60 20 14 5 2.2 0.4 Avg 0.69 1,208 3.6
310 UTI Healthcare 46.0 22.0 28.8 14.0 6 6 5 3 39 44 15 2 1.8 0.4 Avg 1.25 1,187 3.0
311 WhiteOak Capital Pharma and Helthcr - - - - - - - - 55 31 13 1 - - - 0.69 232 NR -
Equity: Sectoral-Pharma 44.8 21.8 29.0 15.0 12 10 9 3 51 32 14 3 2.3 0.3 0.79 2,229
BSE Healthcare TRI 44.6 20.4 27.1 12.0
Equity: Sectoral-Technology
312 ABSL Digital India 27.9 11.7 29.8 19.6 8 4 3 1 68 20 8 3 2.1 0.3 - 0.82 5,046 NR -
313 Edelweiss Technology - - - - - - - - 73 18 5 3 - - - 0.55 647 NR -
314 Franklin India Technology 36.2 16.9 28.6 17.7 5 1 5 4 69 10 12 9 7.2 0.6 - 1.04 1,845 NR -
315 HDFC Technology 42.6 - - - 1 - - - 68 25 1 6 - - - 0.95 1,317 NR -
316 ICICI Pru Technology 35.7 10.8 31.7 18.9 6 5 1 2 70 15 7 8 1.2 0.1 - 0.98 13,495 NR -
317 Invesco India Technology - - - - - - - - 52 42 - 5 - - - 0.77 292 NR -
318 Kotak Technology - - - - - - - - 75 19 2 4 - - - 0.96 551 NR -
319 Quant Teck 37.9 - - - 3 - - - 24 52 20 4 - - - 0.78 424 NR -
320 SBI Technology Opportunities 35.3 13.4 28.9 17.9 7 3 4 3 66 22 9 3 3.8 0.5 - 0.83 4,304 NR -
321 Tata Digital India 41.3 14.0 31.5 - 2 2 2 - 74 18 3 5 4.1 0.9 - 0.40 11,835 NR -
322 WhiteOak Capital Digital Bharat - - - - - - - - 58 24 15 4 - - - 0.66 252 NR -
Equity: Sectoral-Technology 36.8 13.4 30.1 18.5 8 5 5 4 63 24 8 5 3.7 0.5 0.79 3,637
BSE IT TRI 31.2 9.7 25.9 16.6
Equity: Thematic
323 360 ONE Quant 35.7 25.6 - - 17 7 - - 94 5 - 1 5.8 1.3 - 0.43 562 NR -
324 ABSL Business Cycle 28.5 - - - 39 - - - 64 24 10 2 - - - 0.96 1,829 NR -
325 ABSL Manufacturing Equity 39.7 20.4 21.2 - 9 14 15 - 44 37 16 2 3.2 0.7 - 1.26 1,209 NR -
326 ABSL Quant - - - - - - - - 72 28 - 0 - - - 0.50 2,614 NR -
327 ABSL Special Opportunities 32.0 16.8 - - 27 21 - - 56 31 9 4 -0.2 0.0 - 1.25 774 NR -
328 ABSL Transportation and Logistics 36.5 - - - 15 - - - 67 10 17 6 - - - 0.66 1,572 NR -
329 Axis Business Cycles 31.6 - - - 29 - - - 60 29 7 3 - - - 0.68 2,613 NR -
330 Axis India Manufacturing - - - - - - - - 67 22 6 6 - - - 0.41 6,054 NR -
331 Axis Innovation 35.4 12.7 - - 19 28 - - 67 22 8 2 -2.6 -0.5 - 1.30 1,226 NR -
332 Axis Quant 24.3 16.0 - - 45 22 - - 72 20 6 2 0.0 -0.2 - 0.67 1,092 NR -
333 Bandhan Business Cycle - - - - - - - - 37 11 10 41 - - - 0.39 1,652 NR -
334 Bandhan Innovation - - - - - - - - 34 38 23 5 - - - 0.59 1,285 NR -
335 Bandhan Transportation and Logistics 30.6 - - - 35 - - - 53 18 21 7 - - - 0.92 541 NR -
336 Bank of India Business Cycle - - - - - - - - 50 13 18 19 - - - 1.17 607 NR -
337 Baroda BNP Paribas Business Cycle 33.4 20.4 - - 21 15 - - 70 18 7 5 3.2 0.9 - 0.85 591 NR -
338 Baroda BNP Paribas Innovation - - - - - - - - 56 31 9 4 - - - 0.25 1,138 NR -
339 Baroda BNP Paribas Manufacturing - - - - - - - - 58 30 7 5 - - - 0.39 1,429 NR -
340 Canara Robeco Manufacturing - - - - - - - - 51 35 11 3 - - - 0.48 1,677 NR -
341 DSP Quant 19.7 9.4 15.8 - 50 30 18 - 87 12 - 1 -6.2 -1.2 - 0.55 1,070 NR -
342 Edelweiss Business Cycle - - - - - - - - 73 24 - 3 - - - 0.29 1,827 NR -
343 Edelweiss Recently Listed IPO 26.8 11.3 24.2 - 41 29 - - 16 33 45 6 -4.1 -0.4 - 1.00 937 NR -
344 Franklin India Opportunities 49.3 29.1 29.0 17.5 2 2 2 1 46 26 20 8 10.8 1.2 - 0.50 5,623 NR -
345 HDFC Business Cycle 24.0 - - - 46 - - - 67 17 9 8 - - - 0.78 2,978 NR -
346 HDFC Defence 66.9 - - - 1 - - - 56 9 33 2 - - - 0.73 4,117 NR -
Equity: Thematic 32.5 20.2 23.3 14.7 53 30 19 9 56 25 13 7 3.7 0.5 0.72 2,425
BSE 500 TRI 27.0 16.8 19.6 14.0

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Equity: Thematic
347 HDFC Housing Opportunities 27.3 23.3 20.6 - 40 10 16 - 66 15 18 0 5.6 0.8 - 1.20 1,453 NR -
348 HDFC Manufacturing - - - - - - - - 69 20 9 2 - - - 0.46 12,772 NR -
349 HDFC Transportation and Logistics 38.6 - - - 10 - - - 60 27 11 2 - - - 0.98 1,300 NR -
350 HSBC Business Cycles 45.7 26.1 24.4 15.3 4 6 7 3 43 31 23 3 8.3 1.3 - 1.15 995 NR -
351 HSBC India Export Opportunities - - - - - - - - 36 23 7 34 - - - 0.63 1,780 NR -
352 ICICI Pru Business Cycle 33.0 23.6 - - 23 9 - - 68 5 2 24 7.5 1.0 - 0.73 11,782 NR -
353 ICICI Pru Commodities 23.5 21.7 32.7 - 47 12 1 - 55 32 10 3 3.6 0.5 - 0.95 2,438 NR -
354 ICICI Pru Exports & Services 33.1 20.8 22.6 14.9 22 13 12 4 74 12 4 10 5.7 0.6 - 1.67 1,483 NR -
355 ICICI Pru FMCG 9.5 15.8 15.1 13.5 53 23 19 8 80 11 6 3 2.6 -0.1 - 1.30 1,763 NR -
356 ICICI Pru Housing Opportunities 29.8 - - - 37 - - - 65 8 15 12 - - - 1.01 2,542 NR -
357 ICICI Pru India Opportunities 32.3 28.0 28.2 - 24 4 3 - 71 14 2 13 11.1 1.5 - 0.63 24,143 NR -
358 ICICI Pru Innovation 40.8 - - - 8 - - - 78 13 2 8 - - - 0.67 6,323 NR -
359 ICICI Pru Manufacturing 37.6 28.4 27.9 - 11 3 4 - 65 28 4 2 10.1 1.8 - 0.72 6,717 NR -
360 ICICI Pru Thematic Advantage (FOF) 30.7 20.0 25.5 - 33 16 6 - 56 14 8 22 5.2 0.5 - 0.54 1,990 NR -
361 ICICI Pru Transportation and Logistics 37.0 - - - 12 - - - 73 8 16 3 - - - 0.77 2,975 NR -
362 Invesco India Manufacturing - - - - - - - - 43 47 9 1 - - - 0.67 801 NR -
363 Kotak Business Cycle 36.5 - - - 16 - - - 66 18 14 2 - - - 0.52 2,640 NR -
364 Kotak Manufacture in India 35.4 - - - 18 - - - 65 25 8 2 - - - 0.46 2,434 NR -
365 Kotak Pioneer 36.7 18.3 26.1 - 13 17 5 - 58 19 6 16 2.5 0.2 - 0.49 2,629 NR -
366 Kotak Quant 31.8 - - - 28 - - - 70 28 - 2 - - - 1.16 846 NR -
367 Kotak Special Opportunities - - - - - - - - 39 46 13 1 - - - 0.56 2,275 NR -
368 LIC MF Manufacturing - - - - - - - - 28 22 13 37 - - - 0.42 909 NR -
369 Mahindra Manulife Business Cycle 43.8 - - - 5 - - - 57 24 14 5 - - - 0.43 1,165 NR -
370 Mahindra Manulife Manufacturing - - - - - - - - 55 19 23 3 - - - 0.64 885 NR -
371 Mirae Asset Nfty MidSC400 MomQlty 100ETF - - - - - - - - 38 61 2 -1 - - - 0.21 184 NR -
372 Mirae Asset Nfty SC250 M Qlty100 ETF FoF - - - - - - - - 1 89 10 0 - - - 0.31 178 NR -
373 Mirae Asset Nifty Ind Manftng ETF FoF 36.6 - - - 14 - - - 84 16 - 0 - - - 0.07 113 NR -
374 Motilal Oswal Business Cycle - - - - - - - - 45 27 18 10 - - - 0.49 1,136 NR -
375 Motilal Oswal Manufacturing - - - - - - - - 47 43 7 3 - - - 0.98 697 NR -
376 Motilal Oswal Quant - - - - - - - - 14 34 48 3 - - - 0.69 156 NR -
377 Nippon India Innovation 31.0 - - - 32 - - - 46 41 7 6 - - - 0.69 2,224 NR -
378 Quant Business Cycle 32.3 - - - 25 - - - 55 22 19 3 - - - 0.51 1,546 NR -
379 Quant Commodities - - - - - - - - 35 30 27 8 - - - 0.87 493 NR -
380 Quant Manufacturing 41.0 - - - 7 - - - 45 23 28 3 - - - 0.71 1,043 NR -
381 Quant Momentum 47.0 - - - 3 - - - 72 19 3 6 - - - 0.75 2,117 NR -
382 Quant Quantamental 31.1 29.9 - - 31 1 - - 83 14 0 3 10.4 1.3 - 0.58 2,428 NR -
383 Samco Active Momentum 30.7 - - - 34 - - - 17 27 14 42 - - - 0.88 850 NR -
384 Samco Special Opportunities - - - - - - - - 16 56 27 1 - - - 0.77 198 NR -
385 SBI Automotive Opportunities - - - - - - - - 61 23 12 5 - - - 0.62 6,003 NR -
386 SBI Equity Minimum Variance 17.5 15.4 18.5 - 52 25 17 - 100 - - 0 -0.2 -0.2 - 0.41 219 NR -
387 SBI Innovative Opportunities - - - - - - - - 48 35 10 8 - - - 0.57 7,793 NR -
388 SBI Magnum COMMA 25.3 14.8 22.8 15.6 43 27 11 2 57 17 20 6 -2.2 -0.2 - 1.89 655 NR -
389 Sundaram Business Cycle - - - - - - - - 37 33 12 18 - - - 0.38 1,497 NR -
390 Sundaram Services 25.5 17.5 23.0 - 42 19 9 - 55 26 15 5 1.4 0.1 - 0.76 3,875 NR -
391 Tata Business Cycle 31.2 25.3 - - 30 8 - - 64 21 13 2 7.7 1.9 - 0.50 2,885 NR -
392 Tata Ethical 25.2 15.1 21.8 14.1 44 26 13 6 57 33 3 7 -0.3 -0.2 - 0.66 3,202 NR -
393 Tata Housing Opportunities 22.9 - - - 48 - - - 46 28 20 6 - - - 0.70 610 NR -
394 Taurus Ethical 32.1 17.6 21.7 14.2 26 18 14 5 62 31 4 3 1.4 0.1 - 0.92 251 NR -
395 Union Business Cycle - - - - - - - - 75 11 8 6 - - - 1.07 560 NR -
396 Union Innovation & Opportunities 42.0 - - - 6 - - - 35 33 27 5 - - - 0.78 848 NR -
397 UTI Innovation 17.8 - - - 51 - - - 24 43 26 7 - - - 0.79 810 NR -
398 UTI Transportation & Logistics 30.3 27.7 23.7 13.2 36 5 8 9 76 16 5 4 10.7 0.9 - 0.87 3,478 NR -
399 WhiteOak Capital Special Opportunities - - - - - - - - 53 25 17 6 - - - 0.61 620 NR -
Equity: Thematic 32.5 20.2 23.3 14.7 53 30 19 9 56 25 13 7 3.7 0.5 0.72 2,425
BSE 500 TRI 27.0 16.8 19.6 14.0

Equity: Thematic-Dividend Yield

400 ABSL Dividend Yield 31.5 24.1 24.4 13.3 5 2 4 5 61 25 11 3 6.3 1.1 - 1.42 1,540 NR -
401 Baroda BNP Paribas Dividend Yield - - - - - - - - 68 18 3 10 - - - 0.43 1,048 NR -
402 HDFC Dividend Yield 29.5 23.0 - - 6 3 - - 69 17 12 2 5.6 1.6 - 0.65 6,124 NR -
403 ICICI Pru Dividend Yield Equity 35.3 26.7 27.4 15.8 4 1 1 2 86 7 3 4 9.6 1.7 - 0.57 4,875 NR -
404 LIC MF Dividend Yield 46.2 22.8 24.4 - 1 4 3 - 53 15 30 2 5.0 1.1 - 1.22 437 NR -
405 SBI Dividend Yield 29.0 - - - 7 - - - 71 18 1 10 - - - 0.76 9,347 NR -
406 Sundaram Dividend Yield 28.8 19.5 21.6 14.9 8 8 6 3 73 18 3 6 3.5 0.6 - 0.99 933 NR -
407 Tata Dividend Yield 28.1 20.1 - - 9 7 - - 60 30 8 2 3.1 0.7 - 0.70 995 NR -
408 Templeton India Equity Income 35.7 21.6 26.0 16.1 3 5 2 1 68 16 2 14 6.5 0.5 - 1.22 2,414 NR -
409 UTI Dividend Yield 39.5 20.4 22.8 14.3 2 6 5 4 68 28 1 4 3.7 0.5 - 1.38 4,198 NR -
Equity: Thematic-Dividend Yield 33.7 22.3 24.4 14.9 9 8 6 5 68 19 7 6 5.4 1.0 0.93 3,191
BSE 500 TRI 27.0 16.8 19.6 14.0
Equity: Thematic-MNC
410 ABSL MNC 25.5 13.3 12.5 12.1 1 3 4 3 25 61 13 1 -1.5 -0.5 - 1.34 3,956 NR -
411 HDFC MNC 19.1 - - - 4 - - - 47 37 8 9 - - - 1.23 634 NR -
412 ICICI Pru MNC 23.8 17.1 23.8 - 3 1 1 - 51 32 8 10 2.5 0.0 - 1.04 1,753 NR -
413 Kotak MNC - - - - - - - - 3 0 - 97 - - - 0.57 2,327 NR -
414 SBI Magnum Global 11.8 9.9 16.8 13.0 5 4 2 1 34 35 26 5 -2.6 -0.7 - 1.19 6,550 NR -
415 UTI MNC 24.1 14.8 15.9 12.5 2 2 3 2 38 45 14 3 0.7 -0.3 - 1.19 3,031 NR -
Equity: Thematic-MNC 20.9 13.8 17.2 12.5 5 4 4 3 33 35 14 21 -0.2 -0.4 1.09 3,042
BSE 500 TRI 27.0 16.8 19.6 14.0
Equity: Thematic-Energy
416 DSP Natural Resources and New Energy 32.3 21.9 24.3 17.7 1 1 2 1 55 27 1 17 7.6 0.2 - 0.99 1,246 NR -
417 ICICI Pru Energy Opportunities - - - - - - - - 54 14 3 29 - - - 0.43 9,958 NR -
418 SBI Energy Opportunities - - - - - - - - 61 28 6 4 - - - 0.59 10,890 NR -
419 Tata Resources & Energy 30.7 18.7 26.0 - 2 2 1 - 59 24 13 4 5.2 0.0 - 0.58 1,042 NR -
Equity: Thematic-Energy 31.5 20.3 25.1 17.7 2 2 2 1 57 23 6 13 6.4 0.1 0.65 5,784
BSE Energy TRI 29.7 18.2 19.8 18.1
Equity: Thematic-PSU
420 ABSL PSU Equity 42.2 37.4 - - 4 2 - - 73 22 2 3 -0.8 -0.4 - 0.53 5,456 NR -
421 ICICI Pru PSU Equity 51.0 - - - 3 - - - 78 8 2 12 - - - 0.72 2,357 NR -
422 Invesco India PSU Equity 53.0 36.6 29.2 18.1 2 3 1 1 75 20 4 1 1.1 -0.4 - 0.85 1,331 NR -
423 Quant PSU - - - - - - - - 76 15 4 5 - - - 0.83 858 NR -
424 SBI PSU 53.2 39.3 26.1 13.0 1 1 2 2 79 17 1 3 0.0 0.0 - 0.74 4,471 NR -
Equity: Thematic-PSU 49.9 37.7 27.7 15.6 4 3 2 2 76 16 3 5 0.1 -0.3 0.73 2,895
BSE PSU TRI 51.4 39.8 28.0 12.9
Equity: Thematic-Consumption
425 ABSL India GenNext 25.8 17.2 19.8 17.1 12 10 8 4 68 26 5 1 -1.0 -0.7 +Avg 0.82 5,854 2.8
426 Axis Consumption - - - - - - - - 71 9 4 16 - - - 0.41 4,303 NR -
427 Baroda BNP Paribas India Consumption 29.2 19.9 22.0 - 6 8 5 - 68 22 4 6 1.4 -0.3 -Avg 0.61 1,447 3.5
428 Canara Robeco Consumer Trends 28.7 19.7 22.3 17.5 8 9 4 3 56 33 7 5 1.1 -0.3 Avg 0.84 1,747 3.4
429 HDFC Non-Cyclical Consumer 29.3 - - - 5 - - - 69 15 14 2 - - - 1.09 884 NR -
430 HSBC Consumption 37.8 - - - 1 - - - 47 37 11 5 - - - 0.71 1,562 NR -
431 ICICI Pru Bharat Consumption 25.3 21.3 20.3 - 14 5 7 - 64 19 7 11 4.8 -0.1 Low 1.08 3,161 3.6
432 Kotak Consumption 36.4 - - - 2 - - - 59 23 17 2 - - - 0.55 1,071 NR -
433 Mahindra Manulife Consumption 29.0 21.6 19.7 - 7 4 9 - 64 18 12 6 2.9 -0.1 Avg 0.64 397 3.0
434 Mirae Asset Great Consumer 25.7 20.8 21.7 17.6 13 7 6 2 69 14 15 1 1.5 -0.1 -Avg 0.40 4,118 3.5
435 Nippon India Consumption 28.4 22.8 24.9 15.1 9 2 1 6 63 20 13 4 4.0 0.1 -Avg 0.64 2,073 4.4
436 Quant Consumption - - - - - - - - 50 33 12 5 - - - 0.81 336 NR -
437 SBI Consumption Opportunities 29.8 23.2 23.9 17.9 4 1 2 1 34 38 24 4 5.5 0.1 Avg 0.90 3,015 3.7
438 Sundaram Consumption 25.9 21.0 19.2 15.5 11 6 10 5 80 8 7 5 2.2 -0.1 +Avg 1.34 1,564 1.8
439 Tata India Consumer 32.9 21.9 22.6 - 3 3 3 - 52 31 8 9 2.6 0.0 High 0.73 2,375 2.0
440 UTI India Consumer 28.3 14.4 17.1 11.8 10 11 11 7 70 20 6 5 -4.0 -1.2 +Avg 1.53 709 1.5
Equity: Thematic-Consumption 29.5 20.3 21.2 16.1 14 11 11 7 61 23 10 5 1.9 -0.2 0.82 2,164
BSE 500 TRI 27.0 16.8 19.6 14.0

Equity: International
441 ABSL Global Emerging Opportunities 27.6 6.3 13.7 7.6 23 29 10 16 - - - - - - - 0.61 238 NR -
442 ABSL Global Excellence Equity FoF 26.7 9.3 9.4 7.1 24 16 17 18 - - - - - - - 0.68 196 NR -
443 ABSL International Equity 17.6 6.7 9.5 8.8 38 26 16 9 74 3 8 15 - - - 2.07 183 NR -
444 ABSL NASDAQ 100 FOF 33.7 13.0 - - 12 10 - - - - - - - - - 0.26 388 NR -
445 Axis Global Equity Alpha FoF 25.8 11.6 - - 27 14 - - - - - - - - - 0.89 811 NR -
446 Axis Global Innovation FoF 26.6 7.7 - - 25 21 - - - - - - - - - 0.86 498 NR -
447 Axis Greater China Equity FoF 8.1 -4.9 - - 54 47 - - - - - - - - - 0.54 331 NR -
448 Axis NASDAQ 100 FoF 33.3 - - - 14 - - - - - - - - - - 0.30 169 NR -
449 Bandhan US Equity FoF 40.4 14.0 - - 3 4 - - - - - - - - - 0.80 322 NR -
450 DSP Global Clean Energy Fund of Fund 6.0 0.4 6.9 3.7 56 38 23 24 - - - - - - - 1.54 131 NR -
451 DSP Global Innovation FoF 29.8 - - - 19 - - - - - - - - - - 1.16 882 NR -
452 DSP US Flexible Equity Fund of Fund 23.1 11.8 16.5 14.0 33 12 4 3 - - - - - - - 1.49 853 NR -
453 DSP World Gold FoF 26.1 7.4 10.6 8.5 26 23 13 11 - - - - - - - 1.66 1,120 NR -
454 DSP World Mining FoF 8.6 6.7 15.0 8.7 52 24 7 10 - - - - - - - 1.51 141 NR -
455 Edelweiss Emerging Market Opp Eqt Offshr 8.3 -2.3 3.2 4.5 53 44 28 23 - - - - - - - 0.55 118 NR -
456 Edelweiss Greater China Equity Off-shore 9.2 -8.3 4.6 7.7 51 48 26 15 - - - - - - - 0.68 1,596 NR -
457 Edelweiss US Technology Equity FoF 39.9 8.3 - - 4 18 - - - - - - - - - 0.66 2,257 NR -
458 Edelweiss US Value Equity Offshr 31.0 13.7 14.8 11.8 18 7 8 4 - - - - - - - 0.67 122 NR -
459 Franklin Asian Equity 16.0 -0.5 4.6 6.5 40 41 27 19 93 5 - 2 - - - 1.67 250 NR -
460 Franklin India Feeder Franklin US Opp 36.6 7.7 17.6 15.6 5 20 3 1 - - - - - - - 0.61 3,514 NR -
461 HDFC Developed World Indexes FoF 28.5 12.0 - - 22 11 - - - - - - - - - 0.23 1,249 NR -
462 ICICI Pru Global Advantage (FOF) 22.2 6.1 8.1 - 35 30 18 - - - - - - - - 0.59 323 NR -
463 ICICI Pru Global Stable Equity (FOF) 14.8 9.9 9.9 9.4 44 15 15 7 - - - - - - - 1.05 119 NR -
464 ICICI Pru US Bluechip Equity 24.3 13.9 16.5 14.9 31 6 5 2 95 4 - 2 - - - 1.18 3,221 NR -
465 Invesco India Global Consumer Trends 33.8 -1.8 - - 10 43 - - - - - - - - - 0.60 295 NR -
466 Invesco Ind-Invsco EQQQ NSDQ-100 ETF FoF 33.9 - - - 9 - - - - - - - - - - 0.16 406 NR -
467 Kotak Global Innovation FoF 31.2 5.5 - - 17 32 - - - - - - - - - 0.45 646 NR -
468 Kotak Nasdaq 100 FOF 33.8 13.7 - - 11 8 - - - - - - - - - 0.30 3,184 NR -
469 Mirae Asset NYSE FANG+ ETF FoF 61.6 23.8 - - 1 1 - - - - - - - - - 0.07 1,502 NR -
470 Mirae Asset S&P 500 Top 50 ETF FoF 56.6 20.8 - - 2 2 - - - - - - - - - 0.09 551 NR -
471 Mirae Asset X Arti Int & Tech ETF FoF 32.3 - - - 15 - - - - - - - - - - 0.25 309 NR -
472 Motilal Oswal Nasdaq 100 FOF 35.2 13.4 24.1 - 8 9 1 - - - - - - - - 0.24 5,138 NR -
473 Navi NASDAQ 100 FoF 33.4 - - - 13 - - - - - - - - - - 0.16 966 NR -
474 Navi US Total Stock Market FoF 35.5 - - - 7 - - - - - - - - - - 0.06 939 NR -
475 Nippon India Japan Equity 15.8 4.7 7.1 7.9 41 33 21 13 88 - - 12 - - - 1.27 259 NR -
476 Nippon India Taiwan Equity 25.7 - - - 28 - - - 26 44 17 13 - - - 1.04 364 NR -
477 Nippon India US Equity Opportunities 28.7 11.7 16.0 - 21 13 6 - 95 - - 5 - - - 1.28 679 NR -
478 PGIM India Global Equity Opportunities 28.9 4.1 17.8 11.6 20 36 2 5 - - - - - - - 0.61 1,322 NR -
479 SBI International Access-US Equity FoF 35.9 13.9 - - 6 5 - - - - - - - - - 0.90 925 NR -
480 Sundaram Global Brand 15.1 8.6 13.6 9.4 43 17 11 8 - - - - - - - 1.36 112 NR -
Equity: International 22.8 6.8 9.9 7.9 60 48 31 27 0.78 916
BSE 500 TRI 27.0 16.8 19.6 14.0
Equity: Multi Cap
481 ABSL Multi-Cap 31.5 18.5 - - 13 9 - - 46 38 12 3 2.5 0.3 Avg 0.79 6,234 3.0
482 Axis Multicap 40.9 - - - 1 - - - 53 32 8 6 - - - 0.69 6,577 NR -
483 Bandhan Multi Cap 30.6 - - - 17 - - - 54 28 15 4 - - - 0.56 2,427 NR -
484 Bank of India Multi Cap 32.8 - - - 11 - - - 45 33 17 5 - - - 1.21 719 NR -
485 Baroda BNP Paribas Multi Cap 38.8 21.2 24.3 16.0 5 6 - - 51 39 6 4 4.7 0.7 Avg 0.93 2,739 3.0
486 Canara Robeco Multi Cap 31.3 - - - 14 - - - 51 40 5 4 - - - 0.43 3,701 NR -
487 DSP Multicap - - - - - - - - 30 48 19 3 - - - 0.51 1,757 NR -
488 Edelweiss Multi Cap 40.2 - - - 3 - - - 59 34 4 3 - - - 0.30 2,473 NR -
489 Franklin India Multi Cap - - - - - - - - 50 37 9 4 - - - 0.29 4,436 NR -
490 HDFC Multi Cap 30.0 - - - 18 - - - 55 31 13 1 - - - 0.67 16,733 NR -
491 HSBC Multi Cap 36.9 - - - 8 - - - 53 34 11 2 - - - 0.59 4,165 NR -
Equity: Multi Cap 33.3 21.9 23 10 0 0 49 32 13 6 4.8 0.9 0.63 6,224
BSE 500 TRI 27.0 16.8 19.6 14.0
Data pertains to the direct plans of the 1,000 largest funds by AUM. ETFs and index funds are excluded and covered in their own scoreboards. Portfolio and AUM data as of October 31, 2024; all other data as of
November 30 2024. Market cap breakup for underlying funds in international FOFs is unavailable.

Equity: Multi Cap

492 ICICI Pru Multicap 34.1 22.4 22.3 15.8 10 3 - - 51 30 11 8 5.6 1.4 -Avg 0.93 14,152 4.0
493 Invesco India Multicap 37.0 20.9 24.1 16.7 7 7 - - 42 42 11 5 4.2 0.7 Avg 0.66 3,810 3.0
494 ITI Multi Cap 32.2 21.8 18.2 - 12 4 - - 49 33 15 3 5.2 0.9 Avg 0.32 1,360 3.0
495 Kotak Multicap 40.0 27.9 - - 4 1 - - 50 35 12 3 9.0 2.1 Avg 0.39 14,799 4.0
496 LIC MF Multi Cap 40.3 - - - 2 - - - 42 31 24 3 - - - 0.45 1,350 NR -
497 Mahindra Manulife Multi Cap 30.8 21.6 26.4 - 16 5 - - 55 29 8 8 4.3 0.7 +Avg 0.45 4,735 Ç 2.5
498 Mirae Asset Multicap 29.7 - - - 19 - - - 53 27 19 1 - - - 0.43 3,361 NR -
499 Motilal Oswal Multi Cap - - - - - - - - 50 22 19 10 - - - 0.56 1,882 NR -
500 Nippon India Multi Cap 35.3 27.8 25.4 15.5 9 2 - - 53 34 11 2 10.2 1.5 Low 0.73 38,678 5.0
501 PGIM India Multi Cap - - - - - - - - 55 25 13 7 - - - 0.71 326 NR -
502 Quant Active 26.1 18.9 29.7 19.8 22 8 - - 50 32 11 7 1.0 0.3 High 0.58 10,531 1.0
503 Samco Multi Cap - - - - - - - - 10 24 9 57 - - - 0.73 351 NR -
504 SBI Multicap 31.0 - - - 15 - - - 41 33 19 6 - - - 0.87 18,603 NR -
505 Sundaram Multi Cap 29.6 18.1 21.5 15.2 20 10 - - 57 36 4 3 1.7 0.3 +Avg 0.90 2,759 2.0
506 Tata Multicap 22.1 - - - 23 - - - 51 28 17 4 - - - 0.48 3,219 NR -
507 Union Multicap 27.6 - - - 21 - - - 58 21 17 3 - - - 0.97 1,075 NR -
508 WhiteOak Capital Multi Cap 37.2 - - - 6 - - - 47 31 15 7 - - - 0.46 1,308 NR -
Equity: Multi Cap 33.3 21.9 23 10 0 0 49 32 13 6 4.8 0.9 0.63 6,224
BSE 500 TRI 27.0 16.8 19.6 14.0
Equity: Thematic-ESG
509 ABSL ESG Integration Strategy 31.1 11.7 - - 4 7 - - 66 25 6 3 -3.3 -0.5 - 1.40 679 NR -
510 Axis ESG Integration Strategy 25.1 10.5 - - 6 9 - - 85 3 5 7 -3.9 -0.6 - 1.30 1,333 NR -
511 ICICI Pru ESG Exclusionary Strategy 33.1 17.6 - - 2 2 - - 71 11 17 2 3.3 0.3 - 1.01 1,557 NR -
512 Invesco India ESG Integration Strategy 31.5 13.5 - - 3 5 - - 72 16 12 1 -1.0 -0.3 - 0.97 519 NR -
513 Kotak ESG Exclusionary Strategy 24.5 13.8 - - 7 4 - - 89 10 - 1 -1.4 -0.3 - 0.81 943 NR -
514 Quant ESG Equity 34.4 26.0 - - 1 1 - - 62 28 8 2 8.5 0.9 - 0.79 309 NR -
515 SBI ESG Exclusionary Strategy 24.1 13.3 16.8 13.2 8 6 2 1 79 19 - 2 -1.2 -0.5 - 1.31 5,750 NR -
Equity: Thematic-ESG 28.0 14.7 17.8 13.2 9 9 2 1 75 16 9 3 0.1 -0.1 1.08 1,585
BSE 100 TRI 24.8 15.4 17.6 12.9
SCOREBOARD Hybrid Funds Portfolio

Performance Composition (%)
Returns (%) Rank Equity Debt Info. Risk Expense Assets Fund Average
S.No. Fund Name 1Y 3Y 5Y 10Y 1Y 3Y 5Y 10Y Min Max Min Max Alpha Ratio Grade Ratio (%) (` cr) Rating Rating
Hybrid: Aggressive Hybrid
516 ABSL Equity Hybrid '95 23.8 12.9 15.0 11.7 27 36 27 18 74 78 19 22 1.4 0.0 +Avg 1.10 7,688 2.1
517 ABSL Retirement 40s 23.6 13.0 13.4 - 30 34 38 - 72 74 16 18 1.2 0.0 Avg 1.01 113 1.4
518 Axis Aggressive Hybrid 23.8 9.6 13.9 - 29 41 33 - 73 77 21 27 -2.3 -0.8 High 1.06 1,619 2.2
519 Axis Children's 22.4 8.6 13.7 - 33 42 35 - 71 76 24 30 -2.9 -0.9 High 1.26 897 2.3
520 Axis Retirement -Aggressive Plan 27.9 12.2 - - 10 38 - - 76 80 18 22 0.3 -0.1 High 0.90 922 1.0
521 Bandhan Hybrid Equity 27.8 15.6 17.7 - 12 21 13 - 72 79 17 26 3.3 0.5 +Avg 1.03 787 2.9
522 Bandhan Retirement 19.9 - - - 42 - - - 48 54 24 26 - - - 0.72 173 NR -
523 Bank of India Mid & Small Cap Eqt & Debt 30.1 19.9 27.4 - 6 4 1 - 70 79 19 26 7.3 0.7 High 0.97 1,010 3.9
524 Baroda BNP Paribas Aggressive Hybrid 28.7 17.1 18.4 - 9 13 12 - 69 74 21 29 5.1 0.9 -Avg 0.47 1,169 4.4
525 Baroda BNP Paribas Retirement # - - - - - - - - 54 76 21 28 - - - 0.27 335 NR -
526 Canara Robeco Equity Hybrid 24.7 14.7 17.4 13.8 21 26 17 7 71 75 19 24 2.9 0.4 -Avg 0.60 10,873 4.0
527 DSP Aggressive Hybrid 26.8 14.9 17.4 14.0 15 24 16 6 69 75 24 29 2.8 0.3 Avg 0.73 10,327 3.2
528 Edelweiss Aggressive Hybrid 27.1 19.0 20.0 13.7 14 6 7 - 70 77 16 32 6.6 1.4 Low 0.38 2,195 4.4
529 Franklin India Equity Hybrid 25.7 16.3 17.6 13.3 18 17 14 9 68 71 24 30 4.6 0.6 -Avg 1.00 2,014 3.3
530 HDFC Children's 24.2 17.8 19.6 14.6 25 12 9 4 65 68 27 32 6.3 0.8 Low 0.89 9,858 4.5
531 HDFC Hybrid Equity 20.9 14.8 16.6 13.2 38 25 21 10 67 72 26 31 3.4 0.3 Avg 1.02 24,068 3.3
532 HDFC Retirement Savings Hybrid Equity 22.3 16.4 18.7 - 34 16 11 - 69 73 14 20 5.0 0.6 Low 0.92 1,577 4.1
Hybrid: Aggressive Hybrid 25.6 15.6 17.4 12.9 43 42 38 23 71 77 18 24 3.8 0.5 0.86 6,089
VR Balanced TRI 19.8 12.9 14.8 11.5
November 30 2024. Market cap breakup for underlying funds in international FOFs is unavailable. # Funds launched less than a year ago.

SCOREBOARD Hybrid Funds
Portfolio
Hybrid: Aggressive Hybrid
533 HSBC Aggressive Hybrid 29.2 15.7 16.6 13.0 8 20 22 11 72 79 20 26 3.7 0.4 +Avg 0.81 5,631 2.3
534 ICICI Pru Child Care Gift 27.9 17.9 17.4 12.4 11 10 18 16 80 84 13 21 5.3 0.8 Avg 1.51 1,315 3.1
535 ICICI Pru Equity & Debt 26.2 20.6 22.2 16.2 17 3 4 2 66 73 18 24 8.4 1.3 -Avg 0.98 40,203 4.9
536 ICICI Pru Retirement Hybrid Aggressive 33.1 19.6 20.0 - 4 5 6 - 79 86 8 17 6.7 1.0 Avg 0.86 691 3.6
537 Invesco India Aggressive Hybrid 34.7 18.3 17.0 - 3 8 19 - 66 78 21 32 6.0 1.0 -Avg 0.82 549 2.6
538 JM Aggressive Hybrid 36.1 24.7 25.8 13.7 2 1 2 8 72 80 18 21 12.1 1.3 Avg 0.66 679 3.6
539 Kotak Equity Hybrid 30.0 17.8 20.0 14.5 7 11 8 5 69 75 22 29 5.9 0.9 Low 0.45 6,606 4.0
540 LIC MF Aggressive Hybrid 25.7 13.3 13.5 10.0 19 33 36 23 75 77 20 22 1.9 0.0 Avg 1.40 535 1.8
541 LIC MF ULIS 18.3 11.5 13.5 10.5 43 39 37 21 73 79 19 26 0.1 -0.3 +Avg 1.44 494 È 2.4
542 Mahindra Manulife Aggressive Hybrid 30.5 18.9 21.4 - 5 7 5 - 76 79 18 21 6.0 1.4 Avg 0.48 1,465 4.1
543 Mirae Asset Aggressive Hybrid 23.2 14.1 16.4 - 31 29 23 - 72 75 19 25 2.3 0.3 Avg 0.40 9,025 3.7
544 Navi Aggressive Hybrid 21.1 14.9 14.8 - 36 23 28 - 62 75 20 27 3.3 0.4 Avg 0.42 109 3.0
545 Nippon India Equity Hybrid 24.0 17.0 14.2 11.3 26 14 31 19 73 75 19 24 4.9 1.0 +Avg 1.16 3,858 1.5
546 PGIM India Hybrid Equity 20.9 10.8 13.8 10.0 39 40 34 - 77 79 20 23 -0.5 -0.4 High 0.78 209 1.7
547 Quant Absolute 24.4 16.7 24.9 16.2 22 15 3 1 70 80 11 24 4.1 0.5 +Avg 0.70 2,251 È 5.0
548 SBI Equity Hybrid 21.4 12.3 14.7 13.0 35 37 29 12 71 77 18 22 1.1 -0.2 -Avg 0.73 71,585 3.3
549 SBI Magnum Children's Benefit Investment 38.0 22.7 - - 1 2 - - 74 90 0 6 9.7 1.0 -Avg 0.80 2,825 5.0
550 SBI Retirement Benefit Aggressive Hybrid 20.8 15.9 - - 40 18 - - 77 79 11 18 4.0 0.5 -Avg 1.05 1,517 4.0
551 Sundaram Aggressive Hybrid 24.3 14.1 16.3 12.5 23 30 24 15 72 74 23 26 2.4 0.3 Avg 0.71 5,358 3.0
552 Tata Hybrid Equity 22.8 14.4 15.5 11.8 32 27 25 17 74 79 18 23 2.7 0.3 Avg 0.98 4,137 2.8
553 Tata Retirement Savings Moderate 26.6 15.9 17.0 14.6 16 19 20 3 78 85 8 13 4.1 0.4 Avg 0.60 2,162 2.9
554 Union Aggressive Hybrid 21.0 12.9 - - 37 35 - - 72 77 18 21 1.2 0.0 +Avg 1.26 631 2.3
555 UTI Aggressive Hybrid 27.6 18.0 19.5 12.8 13 9 10 13 70 72 22 28 5.8 1.1 -Avg 1.24 6,111 3.4
Hybrid: Aggressive Hybrid 25.6 15.6 17.4 12.9 43 42 38 23 71 77 18 24 3.8 0.5 0.86 6,089
VR Balanced TRI 19.8 12.9 14.8 11.5
Hybrid: Balanced Hybrid
556 360 ONE Balanced Hybrid 22.2 - - - 1 - - - 41 50 48 56 - - - 0.43 843 NR -
557 Franklin India Pension 17.2 10.9 10.5 9.4 5 3 4 3 39 40 49 60 1.6 -0.3 - 1.50 516 NR -
558 UTI Children's Hybrid 14.6 9.4 11.1 9.1 6 4 3 4 39 40 52 58 0.0 -0.6 - 1.53 4,560 NR -
559 UTI Retirement 19.3 13.0 14.2 10.2 3 1 1 1 38 40 52 59 3.4 0.0 - 1.03 4,643 NR -
560 WhiteOak Capital Balanced Hybrid 21.7 - - - 2 - - - 51 57 41 49 - - - 0.70 147 NR -
Hybrid: Balanced Hybrid 19.0 11.1 11.8 9.6 6 4 4 4 42 45 48 56 1.7 -0.3 1.04 2,142
VR Balanced TRI 19.8 12.9 14.8 11.5
Hybrid: Conservative Hybrid
561 ABSL Regular Savings 13.7 9.5 10.5 9.7 16 14 10 5 21 24 71 75 1.7 0.0 Avg 1.01 1,425 3.0
562 Axis Conservative Hybrid 11.4 7.0 9.5 8.1 27 27 15 18 22 24 73 76 -1.1 -0.9 +Avg 0.97 299 2.6
563 Bandhan Conservative Hybrid 11.7 7.0 7.3 7.8 25 28 24 19 20 27 62 79 -0.9 -0.8 Avg 0.99 120 2.1
564 Baroda BNP Paribas Conservative Hybrid 13.2 9.2 9.2 9.3 20 18 18 8 20 23 66 76 1.3 -0.1 -Avg 0.51 745 3.4
565 Canara Robeco Conservative Hybrid 13.8 8.9 10.6 9.3 15 20 9 10 22 25 65 74 1.0 -0.1 -Avg 0.72 964 4.4
566 DSP Regular Savings 13.8 9.7 9.8 8.2 14 12 13 16 21 25 69 77 1.7 0.1 +Avg 0.50 185 2.3
567 Franklin India Debt Hybrid 14.0 9.5 9.0 8.5 11 15 20 12 23 26 63 74 1.5 0.0 Avg 0.71 222 2.9
568 HDFC Hybrid Debt 14.2 10.9 11.3 9.4 10 6 6 7 22 24 67 74 2.6 0.5 +Avg 1.20 3,320 3.5
569 HDFC Retirement Savings Hybrid Debt 13.3 9.4 10.1 - 19 16 12 - 23 26 46 49 1.6 0.0 Low 1.02 163 4.0
570 HSBC Conservative Hybrid 17.7 9.7 9.7 8.5 2 11 14 13 22 24 69 74 1.6 0.1 +Avg 1.34 137 3.0
571 ICICI Pru Income Optimizer (FOF) 14.5 11.9 11.4 9.3 8 3 5 9 16 38 11 61 3.9 0.7 Low 0.53 271 4.6
572 ICICI Pru Regular Savings 14.0 10.2 10.6 10.3 12 8 7 3 21 24 68 81 2.4 0.2 Low 0.93 3,220 4.5
573 Kotak Debt Hybrid 16.3 11.4 12.8 11.0 4 5 2 2 23 25 62 73 2.8 0.7 Avg 0.45 2,999 È 5.0
574 Nippon India Hybrid Bond 9.9 8.5 5.4 6.3 30 23 26 22 12 13 75 83 1.3 -0.2 -Avg 1.12 831 1.0
575 Nippon India Retirement Incm Generation 15.0 8.7 9.0 - 7 21 19 - 19 20 74 77 0.5 -0.2 High 1.02 160 Ç 1.8
576 Parag Parikh Conservative Hybrid 15.2 11.6 - - 5 4 - - 10 15 75 79 4.0 0.5 Low 0.34 2,288 5.0
577 SBI Conservative Hybrid 13.9 10.0 11.7 10.1 13 9 4 4 22 24 69 73 2.2 0.2 -Avg 0.62 10,076 4.4
578 SBI Magnum Children's Benefit Savings 20.3 12.3 14.1 12.5 1 2 1 1 21 25 59 72 4.3 0.6 +Avg 0.85 121 Ç 4.0
579 SBI Retirement Benefit Cons Hybrid 14.5 10.9 - - 9 7 - - 38 40 47 59 2.0 0.7 +Avg 1.16 275 È 3.9
580 SBI Retirement Benefit Conservative 11.9 9.0 - - 23 19 - - 19 20 64 78 1.2 -0.1 -Avg 0.92 177 3.6
Hybrid: Conservative Hybrid 13.7 9.5 9.8 8.9 30 30 26 22 21 25 63 73 1.7 0.1 0.87 1,355
VR MIP TRI 14.1 9.2 9.7 8.7
November 30, 2024.

Portfolio
Hybrid: Conservative Hybrid
581 Tata Retirement Savings Conservative 13.6 8.7 9.4 9.6 17 22 16 6 28 30 50 63 0.6 -0.2 High 0.96 174 2.5
582 UTI Conservative Hybrid 15.2 9.5 10.6 9.1 6 13 8 11 23 25 71 75 1.3 0.1 High 1.18 1,645 3.0
Hybrid: Conservative Hybrid 13.7 9.5 9.8 8.9 30 30 26 22 21 25 63 73 1.7 0.1 0.87 1,355
VR MIP TRI 14.1 9.2 9.7 8.7
Hybrid: Equity Savings
583 ABSL Equity Savings 10.7 7.0 9.2 - 19 22 17 - 12 19 23 31 -1.1 -0.7 +Avg 0.62 647 1.9
584 Axis Equity Savings 16.3 10.1 11.3 - 5 13 10 - 37 40 27 31 1.0 0.4 High 0.98 1,020 2.6
585 Bandhan Equity Savings 10.3 7.8 9.0 7.7 20 20 18 - 11 24 15 31 0.3 -0.4 -Avg 0.18 194 2.8
586 Baroda BNP Paribas Equity Svngs 15.3 10.6 10.3 - 9 11 13 - 31 38 20 28 1.9 0.6 -Avg 1.40 251 2.6
587 DSP Equity Savings 15.9 11.0 11.1 - 6 9 12 - 28 35 20 28 2.7 0.5 +Avg 0.40 2,162 Ç 2.4
588 Edelweiss Equity Savings 15.1 10.6 11.7 9.7 11 12 9 3 24 26 22 34 2.4 0.4 -Avg 0.59 539 4.5
589 Franklin India Equity Savings 11.5 8.8 10.1 - 18 18 15 - 16 18 11 32 0.9 -0.2 Avg 0.30 724 2.4
590 HDFC Equity Savings 15.2 11.3 12.1 10.4 10 6 6 - 31 36 23 25 2.7 0.7 +Avg 0.91 5,463 3.3
591 HSBC Equity Savings 23.9 14.2 14.2 10.2 1 1 1 - 37 44 24 27 5.6 1.1 Avg 0.61 548 3.1
592 ICICI Pru Equity Savings 10.2 9.2 8.7 - 21 17 20 - 15 20 14 23 2.1 0.0 Low 0.50 12,406 3.8
593 Invesco India Equity Savings 20.5 11.6 11.3 - 2 4 11 - 30 35 18 27 2.7 0.7 Avg 0.71 341 2.4
594 Kotak Equity Savings 17.1 13.0 12.4 10.4 3 2 5 1 31 37 16 24 4.4 1.2 -Avg 0.63 7,804 4.6
595 Mahindra Manulife Equity Savings 14.2 10.8 13.0 - 14 10 2 - 30 41 24 30 1.9 0.5 High 0.69 572 3.6
596 Mirae Asset Equity Savings 15.6 11.0 12.9 - 7 8 3 - 35 39 16 27 2.0 0.7 +Avg 0.32 1,353 4.4
597 Nippon India Equity Savings 11.6 9.3 6.6 - 17 16 22 - 21 27 18 27 1.4 0.0 High 0.74 718 1.0
598 SBI Equity Savings 14.5 11.0 11.9 - 13 7 8 - 31 38 24 27 2.8 0.4 Avg 0.88 5,616 Ç 3.3
599 Sundaram Equity Savings 16.4 12.6 12.4 9.9 4 3 4 2 39 45 12 27 3.6 1.0 Avg 0.61 990 3.9
600 Tata Equity Savings 15.4 10.0 10.3 8.5 8 14 14 - 19 35 13 24 1.8 0.2 Avg 0.49 216 2.8
601 Union Equity Savings 11.7 7.8 8.8 - 16 19 19 - 21 41 19 25 -0.3 -0.6 Avg 1.42 135 2.2
602 UTI Equity Savings 13.7 11.5 11.9 - 15 5 7 - 23 39 22 29 2.8 0.9 Avg 0.81 613 3.9
Hybrid: Equity Savings 14.5 10.3 10.8 10.0 22 22 22 3 26 34 19 28 2.1 0.4 0.69 2,116
VR MIP TRI 14.1 9.2 9.7 8.7
Hybrid: Arbitrage
603 ABSL Arbitrage 8.3 6.8 6.0 6.5 8 10 7 6 -2 1 16 31 2.4 5.2 -Avg 0.29 13,351 3.6
604 Axis Arbitrage 8.3 6.8 6.0 6.6 9 7 6 4 -1 0 28 35 2.2 5.0 -Avg 0.34 5,515 4.1
605 Bajaj FinServ Arbitrage 7.6 - - - 26 - - - -1 0 24 33 - - - 0.25 1,045 NR -
606 Bandhan Arbitrage 8.3 6.8 5.9 6.5 6 8 12 9 -1 0 21 27 2.5 5.3 Avg 0.37 7,740 3.0
607 Baroda BNP Paribas Arbitrage 8.3 6.7 5.9 - 7 14 8 - -1 1 23 32 2.6 4.7 Avg 0.38 1,283 3.2
608 DSP Arbitrage 8.2 6.7 5.8 - 13 15 14 - -1 1 18 28 2.5 4.9 +Avg 0.35 5,917 3.0
609 Edelweiss Arbitrage 8.3 6.9 6.2 6.7 4 3 3 1 -1 0 23 34 2.5 5.2 -Avg 0.38 12,537 4.8
610 HDFC Arbitrage 8.2 6.7 5.7 6.3 14 12 16 13 -1 0 19 24 2.3 4.9 Avg 0.41 16,606 2.1
611 HSBC Arbitrage 8.1 6.6 5.9 6.5 17 16 9 7 -1 1 18 23 2.3 4.8 Avg 0.26 2,441 3.6
612 ICICI Pru Equity Arbitrage 8.2 6.8 5.9 6.5 12 11 10 8 -1 0 20 27 2.4 5.0 Avg 0.35 24,997 3.0
613 Invesco India Arbitrage 8.3 7.2 6.2 6.6 3 1 2 5 -1 0 16 25 2.4 5.8 -Avg 0.39 18,584 4.6
614 JM Arbitrage 7.9 6.5 5.1 5.8 19 19 20 14 -1 1 19 29 2.0 4.5 +Avg 0.39 184 1.5
615 Kotak Equity Arbitrage 8.4 7.0 6.1 6.6 1 2 4 3 -1 1 15 27 2.5 5.1 -Avg 0.43 54,941 3.9
616 LIC MF Arbitrage 7.7 6.6 5.6 - 24 17 18 - -1 0 22 31 1.9 4.7 +Avg 0.34 206 2.0
617 Mirae Asset Arbitrage 8.3 6.8 - - 5 9 - - -1 2 11 17 2.6 5.0 Avg 0.15 2,839 3.1
618 Nippon India Arbitrage 8.2 6.8 6.0 6.7 11 6 5 2 -1 0 20 31 2.4 5.4 -Avg 0.39 15,156 4.1
619 NJ Arbitrage 7.8 - - - 23 - - - -1 0 14 29 - - - 0.27 352 NR -
620 Parag Parikh Arbitrage 7.8 - - - 22 - - - -1 3 20 34 - - - 0.30 1,093 NR -
621 SBI Arbitrage Opportunities 8.1 6.9 5.8 6.4 16 4 13 11 -1 0 20 27 2.4 5.0 +Avg 0.42 31,883 2.4
622 Sundaram Arbitrage 7.8 6.3 5.5 - 21 21 19 - -1 3 21 27 2.1 3.8 High 0.27 222 Ç 1.0
623 Tata Arbitrage 8.4 6.9 6.2 - 2 5 1 - -1 0 22 32 2.6 5.5 Low 0.30 12,432 4.9
624 Union Arbitrage 8.2 6.5 5.7 - 15 18 15 - -1 0 11 19 2.6 4.4 +Avg 0.41 245 2.5
625 UTI Arbitrage 8.2 6.7 5.9 6.5 10 13 11 10 -1 2 19 32 2.3 4.8 Avg 0.29 6,144 3.1
626 WhiteOak Capital Arbitrage # - - - - - - - - -1 0 25 29 - - - 0.43 113 NR -
Hybrid: Arbitrage 8.0 6.6 5.8 6.5 27 24 22 14 -1 1 19 29 2.4 5.0 0.34 9,826
CCIL T Bill Liquidity Weight 4.8 3.9 3.3 4.0
November 30, 2024. # Funds launched less than a year ago.

Portfolio
Hybrid: Dynamic Asset Allocation
627 ABSL Balanced Advantage 20.3 13.0 14.0 11.5 14 14 8 4 42 59 20 29 2.6 -0.1 Avg 0.72 7,427 3.1
628 Axis Balanced Advantage 26.4 14.0 13.9 - 3 8 10 - 53 70 26 33 3.2 0.1 Avg 0.81 2,547 2.4
629 Axis Retirement-Dynamic Plan 32.9 13.7 - - 2 10 - - 87 90 9 11 1.7 0.1 High 1.12 385 1.1
630 Bajaj FinServ Balanced Advantage # - - - - - - - - 53 80 14 28 - - - 0.56 1,308 NR -
631 Bandhan Balanced Advantage 19.4 10.8 12.6 9.9 19 26 16 9 38 44 15 25 0.9 -0.4 +Avg 0.74 2,268 2.8
632 Bank of India Balanced Advantage 17.5 15.2 12.2 8.2 27 3 18 11 59 80 7 19 3.0 0.3 +Avg 1.42 135 1.5
633 Baroda BNP Paribas Balanced Advantage 23.3 15.0 17.7 - 7 5 2 - 55 70 20 26 3.5 0.4 +Avg 0.72 4,115 3.8
634 Canara Robeco Balanced Advtg # - - - - - - - - 56 60 25 29 - - - 0.54 1,472 NR -
635 DSP Dynamic Asset Allocation 19.6 11.4 11.9 10.2 18 24 19 8 30 51 30 34 1.8 -0.3 -Avg 0.73 3,212 3.1
636 Edelweiss Balanced Advantage 20.9 13.1 16.4 12.0 11 13 4 2 58 78 13 28 2.3 0.0 Avg 0.51 12,306 4.3
637 Franklin India Balanced Advantage 21.5 - - - 9 - - - 42 53 13 29 - - - 0.44 2,352 NR -
638 Franklin India Dynamic Asset Allocat FoF 18.4 15.1 14.0 11.4 23 4 9 5 38 46 45 58 4.8 0.3 +Avg 1.10 1,313 3.3
639 HDFC Balanced Advantage 26.1 23.5 20.8 14.4 4 1 1 - 50 59 26 30 11.2 1.4 High 0.75 94,866 3.6
640 Helios Balanced Advantage # - - - - - - - - 46 61 8 11 - - - 0.72 249 NR -
641 HSBC Balanced Advantage 20.8 13.0 12.7 9.7 13 15 15 - 39 59 30 31 3.4 0.0 -Avg 0.76 1,504 3.0
642 ICICI Pru Balanced Advantage 17.3 13.4 13.6 11.9 28 11 11 3 42 53 19 30 4.0 0.0 Low 0.87 60,545 4.2
643 Invesco India Balanced Advantage 23.5 14.9 13.4 11.3 5 6 13 6 46 67 15 24 4.0 0.3 +Avg 0.83 905 2.1
644 ITI Balanced Advantage 21.4 11.6 - - 10 22 - - 47 69 16 27 1.7 -0.2 +Avg 0.63 382 2.3
645 Kotak Balanced Advantage 20.1 12.9 13.6 - 15 17 12 - 50 55 22 25 2.9 -0.1 -Avg 0.54 16,752 3.6
646 LIC MF Balanced Advantage 18.8 12.3 - - 20 20 - - 44 55 22 27 2.2 -0.2 Avg 0.77 791 3.0
647 Mahindra Manulife Balanced Advantage 22.3 - - - 8 - - - 53 64 18 26 - - - 0.56 890 NR -
648 Mirae Asset Balanced Advantage 17.2 - - - 29 - - - 47 52 24 32 - - - 0.68 1,742 NR -
649 Motilal Oswal Balance Advantage 11.4 12.7 11.4 - 33 18 20 - 56 68 13 18 2.4 0.0 High 0.99 1,238 1.5
650 Nippon India Balanced Advantage 20.8 13.8 14.2 11.1 12 9 7 - 52 71 21 27 3.5 0.1 Avg 0.57 8,750 3.0
651 NJ Balanced Advantage 18.7 12.6 - - 22 19 - - 49 60 7 31 1.7 -0.1 +Avg 0.63 4,020 2.0
652 Parag Parikh Dynamic Asset Allocation # - - - - - - - - 13 17 51 100 - - - 0.32 1,283 NR -
653 PGIM India Balanced Advantage 18.2 11.5 - - 24 23 - - 50 75 25 35 0.5 -0.3 +Avg 0.47 1,057 2.0
654 Quant Dynamic Asset Allocation 34.8 - - - 1 - - - 65 97 1 7 - - - 0.65 1,350 NR -
655 Samco Dynamic Asset Allocation # - - - - - - - - 2 92 6 75 - - - 0.74 604 NR -
656 SBI Balanced Advantage 19.7 14.5 - - 17 7 - - 30 46 22 28 4.6 0.2 Low 0.67 32,661 4.0
657 Sundaram Balanced Advantage 19.8 12.9 15.6 10.8 16 16 5 7 56 61 20 26 2.4 -0.1 Low 0.62 1,533 4.2
658 Tata Balanced Advantage 18.0 13.2 14.8 - 25 12 6 - 41 53 24 28 3.1 0.0 -Avg 0.41 10,288 4.0
659 Union Balanced Advantage 16.7 10.8 13.0 - 30 25 14 - 44 75 18 27 1.2 -0.4 Avg 0.98 1,462 3.4
660 UTI Balanced Advantage 18.7 - - - 21 - - - 45 61 24 32 - - - 0.55 2,978 NR -
661 UTI Unit Linked Insurance Plan 15.4 7.8 10.6 8.8 32 27 21 10 37 39 52 59 -1.4 -0.8 Avg 0.95 5,433 1.6
662 WhiteOak Capital Balanced Advantage 23.4 - - - 6 - - - 50 58 26 32 - - - 0.52 1,222 NR -
Hybrid: Dynamic Asset Allocation 20.5 13.3 14.1 10.7 33 27 21 11 46 62 21 32 2.8 0.0 0.71 8,093
VR Balanced TRI 19.8 12.9 14.8 11.5
Hybrid: Multi Asset Allocation
663 ABSL Asset Allocator FoF 24.5 15.0 17.1 12.5 10 11 - - 47 74 15 30 4.2 0.3 Avg 0.26 185 3.0
664 ABSL Financial Planning FOF Aggressive 24.8 16.5 18.1 13.3 8 8 3 1 66 79 14 16 4.6 0.7 +Avg 0.41 217 2.9
665 ABSL Multi Asset Allocation 23.4 - - - 14 - - - 61 64 13 18 - - - 0.59 3,664 NR -
666 Axis Multi Asset Allocation 23.4 9.2 14.2 11.4 13 21 9 3 57 76 11 21 -2.1 -0.8 High 1.04 1,281 2.1
667 Bajaj Finserv Multi Asset Allocation # - - - - - - - - 58 66 20 25 - - - 0.56 1,098 NR -
668 Bandhan Multi Asset Allocation # - - - - - - - - 57 62 8 10 - - - 0.46 1,778 NR -
669 Bank of India Multi Asset Allocation # - - - - - - - - 35 40 47 50 - - - 1.02 354 NR -
670 Baroda BNP Paribas Multi Asset 26.0 - - - 6 - - - 68 73 9 15 - - - 0.90 1,198 NR -
671 DSP Multi Asset Allocation 23.5 - - - 12 - - - 55 61 15 22 - - - 0.26 2,273 NR -
672 Edelweiss Multi Asset Allocation 8.4 - - - 30 - - - 0 0 45 59 - - - 0.40 1,350 NR -
673 HDFC Asset Allocator FoF 20.8 16.5 - - 19 7 - - 42 51 29 37 6.1 0.5 -Avg 0.06 3,360 4.0
674 HDFC Multi Asset 20.3 13.7 16.7 11.7 20 15 4 - 46 53 13 15 3.6 0.0 Avg 0.74 3,760 3.5
675 HSBC Multi Asset Allocation # - - - - - - - - 19 69 4 13 - - - 0.52 2,053 NR -
676 ICICI Pru Asset Allocator (FOF) 18.6 14.8 15.5 12.8 23 12 - - 28 38 43 59 5.7 0.1 Low 0.23 23,212 4.4
677 ICICI Pru Multi Asset 23.2 20.7 21.4 14.9 15 2 2 - 49 61 9 19 9.5 1.0 Avg 0.69 50,648 4.0
Hybrid: Multi Asset Allocation 21.7 15.0 16.1 10.6 31 22 12 8 45 59 17 25 5.9 0.5 0.50 4,518
VR Balanced TRI 19.8 12.9 14.8 11.5

Portfolio
Hybrid: Multi Asset Allocation
678 ICICI Pru Passive Multi-Asset FoF 16.8 - - - 26 - - - 54 63 13 32 - - - 0.22 1,119 NR -
679 Kotak Multi Asset Allocation 25.4 - - - 7 - - - 50 60 9 12 - - - 0.31 7,485 NR -
680 Kotak Multi Asset Allocator FoF-Dynamic 26.9 19.2 21.6 15.2 4 4 - - 52 63 22 28 7.4 1.1 Avg 0.33 1,598 4.0
681 Mahindra Manulife Multi Asset Allocation # - - - - - - - - 24 45 23 40 - - - 0.38 538 NR -
682 Mirae Asset Multi Asset Allocation # - - - - - - - - 20 68 9 22 - - - 0.44 1,729 NR -
683 Nippon India Asset Allocator FoF 24.7 19.4 - - 9 3 - - 50 62 14 23 8.4 0.8 -Avg 0.35 306 4.7
684 Nippon India Multi Asset Allocation 27.5 17.5 - - 3 6 - - 52 70 12 17 6.0 0.7 +Avg 0.29 4,500 2.4
685 Quant Multi Asset 38.3 24.1 29.2 18.1 1 1 1 - 48 74 5 11 11.3 1.0 +Avg 0.62 3,026 5.0
686 SBI Multi Asset Allocation 19.2 15.5 15.0 12.1 22 10 7 - 36 43 32 40 5.5 0.3 -Avg 0.50 6,591 3.8
687 Shriram Multi Asset Allocation 17.1 - - - 25 - - - 64 73 11 20 - - - 0.40 168 NR -
688 Sundaram Multi Asset Allocation # - - - - - - - - 28 61 6 10 - - - 0.21 2,425 NR -
689 Tata Multi Asset Opportunities 22.9 15.7 - - 16 9 - - 51 58 8 12 4.7 0.4 +Avg 0.50 3,410 3.7
690 Union Multi Asset Allocation # - - - - - - - - 54 55 8 9 - - - 0.96 860 NR -
691 UTI Multi Asset Allocation 27.8 19.0 16.4 10.5 2 5 5 5 47 62 11 20 7.5 0.9 Avg 0.59 4,415 2.5
692 WhiteOak Capital Multi Asset Allocation 22.0 - - - 17 - - - 26 35 31 44 - - - 0.69 938 NR -
Hybrid: Multi Asset Allocation 21.7 15.0 16.1 10.6 31 22 12 8 45 59 17 25 5.9 0.5 0.50 4,518
VR Balanced TRI 19.8 12.9 14.8 11.5
SCOREBOARD Debt Funds

Performance Portfolio Composition
Returns (%) Rank Credit Quality (%) Avg. Maturity Info. Risk Expense Assets Fund Average
S.No. Fund Name 1M 3M 1Y 3Y 1M 3M 1Y 3Y High Medium Low (years) Alpha Ratio Grade Ratio (%) (` cr) Rating Rating
Debt: Long Duration
693 ABSL Long Duration 0.2 2.0 12.0 - 2 2 6 - 100 - - 28 - - - 0.43 157 NR -
694 Axis Long Duration 0.0 1.4 12.6 - 9 8 3 - 100 - - 33 - - - 0.26 522 NR -
695 Bandhan Long Duration 0.1 1.6 - - 5 4 - - 100 - - 29 - - - 0.25 218 NR -
696 HDFC Long Duration Debt 0.1 1.5 13.1 - 7 6 1 - 100 - - 29 - - - 0.30 5,466 NR -
697 ICICI Pru Long Term Bond 0.8 2.4 11.6 6.1 1 1 7 2 100 - - 10 10.4 0.8 - 0.40 1,018 NR -
698 Kotak Long Duration 0.0 1.4 - - 8 9 - - 100 - - 28 - - - 0.34 186 NR -
699 Nippon India Nivesh Lakshya 0.1 1.5 12.2 6.8 6 5 5 1 100 - - 22 11.9 0.7 - 0.30 8,968 NR -
700 SBI Long Duration 0.2 1.6 13.0 - 4 3 2 - 100 - - 29 - - - 0.23 2,637 NR -
701 UTI Long Duration 0.2 1.5 12.5 - 3 7 4 - 100 - - 36 - - - 0.57 116 NR -
Debt: Long Duration 0.2 1.6 12.4 6.4 9 9 7 2 100 26 11.1 0.7 0.34 2,143
VR Bond Index 0.3 1.6 8.8 6.0
Debt: Medium to Long Duration
702 ABSL Income 0.4 1.9 9.5 6.0 13 7 10 9 100 - - 13 0.0 0.0 Avg 0.74 2,181 3.5
703 Bandhan Bond Income 0.3 1.6 9.6 5.3 14 13 9 13 100 - - 14 -0.7 -0.5 High 1.32 482 1.7
704 Canara Robeco Income 0.5 1.7 9.6 5.9 8 12 6 10 100 - - 12 -0.1 -0.2 +Avg 0.67 120 2.6
705 HDFC Income 0.5 1.8 10.1 6.1 11 9 3 8 99 - - 11 0.1 0.1 Avg 0.80 864 2.8
706 ICICI Pru Bond 0.8 2.3 9.6 6.7 2 1 7 3 100 - - 8 0.6 0.9 -Avg 0.62 2,952 3.9
707 ICICI Pru Debt Management (FOF) 0.7 2.0 8.6 6.6 4 5 13 6 87 12 - - 0.5 0.6 Low 0.41 127 4.1
708 Kotak Bond 0.5 1.9 10.1 6.4 10 6 2 7 99 - - 12 0.4 0.5 Avg 0.69 2,221 3.3
709 LIC MF Medium to Long Duration 0.5 2.0 10.5 6.6 12 2 1 5 100 - - 8 0.6 0.5 -Avg 0.21 180 2.6
710 Nippon India Income 0.5 1.8 9.9 6.7 9 11 4 2 100 - - 12 0.7 0.6 Avg 0.67 397 3.0
711 SBI Magnum Income 0.6 2.0 9.4 6.6 7 3 11 4 79 21 - 13 0.6 0.8 -Avg 0.78 1,807 4.1
712 UTI Medium to Long Duration 0.6 2.0 9.6 8.4 5 4 8 1 95 5 - 9 2.3 0.5 Avg 1.24 313 4.5
Debt: Medium to Long Duration 0.6 1.9 9.7 6.3 14 13 13 13 96 12 11 0.5 0.3 0.74 1,059
VR Bond Index 0.3 1.6 8.8 6.0
Debt: Medium Duration
713 ABSL Medium Term 0.6 3.9 11.6 14.5 11 1 1 1 69 21 5 5 8.1 0.9 Avg 0.85 1,968 4.6
714 Axis Strategic Bond 0.7 2.2 9.7 7.1 2 4 3 2 62 28 10 5 1.1 1.4 -Avg 0.45 1,926 4.0
Debt: Medium Duration 0.6 2.2 9.2 6.8 14 14 14 14 79 21 7 5 1.1 0.6 0.58 2,311
VR Bond Index 0.3 1.6 8.8 6.0

Debt: Medium Duration
715 Bandhan Bond Fund Medium Term Plan 0.6 2.0 9.0 5.6 7 10 6 12 100 - - 5 -0.4 -0.3 High 0.60 1,492 2.3
716 DSP Bond 0.5 1.9 8.5 6.1 13 12 12 9 100 - - 4 0.1 0.1 Avg 0.40 376 2.4
717 HDFC Medium Term Debt 0.5 2.0 9.1 6.5 12 9 5 7 76 22 - 6 0.4 0.6 -Avg 0.65 4,016 3.3
718 HSBC Medium Duration 0.7 2.1 9.2 6.5 5 8 4 6 91 9 - 6 0.5 0.6 Avg 0.40 843 3.5
719 ICICI Pru Medium Term Bond 0.7 2.2 9.0 6.9 4 3 9 4 65 33 - 4 0.9 1.2 Low 0.74 5,917 4.3
720 Invesco India Medium Duration 0.6 2.0 9.0 6.0 9 11 8 10 98 2 - 5 -0.1 -0.1 +Avg 0.40 228 2.0
721 Kotak Medium Term 0.5 2.4 10.7 7.1 14 2 2 3 66 20 7 5 1.0 1.0 +Avg 0.67 1,845 3.2
722 Nippon India Strategic Debt 0.6 2.2 9.0 6.2 6 5 7 8 73 26 - 5 0.2 0.2 Avg 0.50 117 3.1
723 SBI Magnum Medium Duration 0.8 2.1 8.9 6.6 1 6 10 5 68 25 7 5 0.6 0.7 -Avg 0.69 6,689 3.9
Debt: Medium Duration 0.6 2.2 9.2 6.8 14 14 14 14 79 21 7 5 1.1 0.6 0.58 2,311
VR Bond Index 0.3 1.6 8.8 6.0
Debt: Short Duration
724 ABSL Short Term 0.6 2.1 8.8 6.9 10 4 3 3 97 3 - 4 4.7 4.0 -Avg 0.38 8,924 4.2
725 Axis Short Duration 0.7 2.1 8.8 6.6 2 6 5 5 99 1 - 4 4.8 3.7 Avg 0.36 9,304 3.9
726 Bandhan All Seasons Bond 0.6 2.0 8.6 6.2 4 10 14 17 92 7 - 4 5.1 2.7 +Avg 0.07 125 2.6
727 Bandhan Bond Short Term 0.6 2.0 8.8 6.2 5 15 4 16 100 - - 4 6.0 2.0 High 0.33 9,725 1.6
728 Baroda BNP Paribas Short Duration 0.6 2.1 8.6 6.5 21 5 15 10 97 3 - 3 5.6 2.7 -Avg 0.38 197 3.3
729 Canara Robeco Short Duration 0.6 1.9 8.0 5.9 18 22 23 22 100 - - 3 4.2 2.9 Avg 0.43 351 2.6
730 DSP Short-Term 0.6 2.0 8.6 6.2 12 13 16 15 100 - - 4 5.0 2.9 Avg 0.34 2,829 2.7
731 HDFC Short Term Debt 0.6 2.0 8.7 6.5 19 14 10 8 92 6 - 4 5.0 3.6 -Avg 0.40 14,972 3.7
732 HSBC Short Duration 0.6 1.9 8.4 6.0 20 20 21 21 100 - - 3 5.0 2.3 +Avg 0.27 3,786 2.2
733 ICICI Pru Short Term 0.6 2.0 8.7 7.2 3 8 13 2 92 6 - 4 4.5 4.7 Low 0.45 19,922 Ç 4.2
734 Invesco India Short Duration Term 0.6 2.0 8.5 6.1 7 17 17 19 99 1 - 4 4.9 2.6 +Avg 0.35 444 2.0
735 JM Short Duration 0.5 1.9 8.2 - 23 23 22 - 100 - - 3 - - Avg 0.36 126 2.2
736 Kotak Bond Short-term 0.6 2.0 8.8 6.4 15 9 6 11 100 - - 5 5.2 2.9 +Avg 0.38 16,895 3.3
737 LIC MF Short Duration 0.6 2.0 8.8 6.1 14 12 8 18 100 - - 3 5.1 2.5 Avg 0.37 109 2.3
738 Mirae Asset Short Duration 0.6 2.0 8.7 6.4 8 18 11 13 96 4 - 4 4.7 3.3 -Avg 0.28 366 3.0
739 Nippon India Short Term 0.6 2.1 8.8 6.6 13 7 9 7 93 7 - 4 5.3 3.1 Avg 0.38 7,586 Ç 4.1
740 SBI Short Term Debt 0.6 2.0 8.5 6.3 6 11 19 14 96 4 - 4 4.7 3.4 -Avg 0.35 13,303 3.0
741 Sundaram Short Duration 0.6 2.3 8.8 6.6 11 2 7 6 100 - - 4 4.7 3.6 Avg 0.31 223 È 4.6
742 Tata Short Term Bond 0.6 2.0 8.5 6.4 16 19 18 12 100 - - 4 5.1 3.0 Avg 0.36 2,904 3.0
743 TRUSTMF Short Duration 0.6 1.9 7.9 6.0 17 21 24 20 100 - - 3 4.5 2.6 Avg 0.23 147 2.5
744 UTI Short Duration 0.6 2.1 8.7 6.7 22 3 12 4 96 3 - 3 4.5 4.1 Low 0.42 2,676 4.6
Debt: Short Duration 0.7 2.1 8.6 6.6 25 25 25 24 97 4 4 4.9 3.1 0.34 5,472
Debt: Low Duration
745 ABSL Low Duration 0.5 1.9 8.0 6.8 12 8 7 1 96 4 - 1 3.2 10.0 +Avg 0.42 11,235 4.2
746 Axis Treasury Advantage 0.6 1.9 8.1 6.6 1 6 4 7 99 1 - 1 3.2 8.7 Avg 0.35 6,134 3.9
747 Bandhan Low Duration 0.5 1.8 7.6 6.2 9 20 20 20 100 - - 1 3.2 6.5 +Avg 0.34 5,529 1.9
748 Baroda BNP Paribas Low Duration 0.5 1.9 7.8 6.5 20 15 17 11 98 2 - 1 3.4 6.4 -Avg 0.31 247 3.0
749 Canara Robeco Savings 0.5 1.8 7.7 6.3 19 19 19 18 100 - - 1 3.0 8.0 +Avg 0.34 912 2.3
750 DSP Low Duration 0.5 1.9 7.8 6.4 18 14 16 14 100 - - 1 3.1 9.1 +Avg 0.30 5,774 2.7
751 HDFC Low Duration 0.5 1.9 8.1 6.7 17 9 3 2 92 7 - 2 3.4 6.5 +Avg 0.45 17,719 3.5
752 HSBC Low Duration 0.5 1.9 7.9 6.6 7 11 10 9 100 - - 1 3.3 8.2 -Avg 0.24 420 3.5
753 ICICI Pru Savings 0.6 1.9 8.1 6.6 4 7 2 6 95 4 - 2 3.4 3.5 High 0.42 21,132 1.6
754 Invesco India Low Duration 0.5 1.9 7.7 6.3 8 18 18 19 98 1 - 1 3.0 8.0 Avg 0.32 1,478 2.5
755 JM Low Duration 0.6 1.9 7.8 6.4 5 10 15 15 95 4 - 1 2.7 10.9 -Avg 0.35 226 3.4
756 Kotak Low Duration 0.5 2.0 8.2 6.6 13 2 1 3 96 4 - 2 3.5 6.3 High 0.42 11,241 È 2.9
757 LIC MF Low Duration 0.5 1.9 7.8 6.4 14 17 13 17 100 - - 1 3.0 9.5 Avg 0.27 1,632 2.9
758 Mahindra Manulife Low Duration 0.6 1.9 8.0 6.6 3 5 6 8 93 7 - 1 3.2 8.5 +Avg 0.30 579 3.3
759 Mirae Asset Low Duration 0.5 1.9 8.0 6.5 10 12 5 12 97 2 - 1 3.1 8.8 Avg 0.24 1,249 2.8
760 Nippon India Low Duration 0.5 2.0 8.0 6.6 11 3 8 5 94 5 - 1 3.2 8.9 Avg 0.38 7,894 3.9
761 SBI Magnum Low Duration 0.6 1.9 7.9 6.5 2 16 11 10 100 - - 2 3.2 9.0 Low 0.43 12,131 Ç 3.3
762 Sundaram Low Duration 0.5 2.1 8.0 6.6 6 1 9 4 97 3 - 1 2.9 9.6 Low 0.39 396 4.8
763 Tata Treasury Advantage 0.5 1.9 7.9 6.4 15 13 12 16 100 - - 1 3.0 7.8 Avg 0.24 2,588 2.6
764 UTI Low Duration 0.5 2.0 7.8 6.4 16 4 14 13 95 4 - 1 2.9 9.1 -Avg 0.38 3,394 È 4.6
Debt: Low Duration 0.5 1.9 7.9 6.5 20 20 20 20 97 4 1 3.2 8.2 0.34 5,595
Data pertains to the direct plans of the 1,000 largest funds by AUM. ETFs and index funds are excluded and covered in their own scoreboards. Portfolio and AUM data as of October 31, 2024; all other data as of November 30, 2024.

Debt: Ultra Short Duration
765 ABSL Savings 0.6 2.0 8.0 6.7 2 1 2 4 87 13 - 1 2.8 10.3 +Avg 0.34 15,098 3.1
766 Axis Ultra Short Duration 0.6 1.9 7.9 6.7 1 5 3 2 95 5 - 0 2.8 13.1 Avg 0.36 6,081 4.1
767 Bandhan Ultra Short Term 0.6 1.8 7.6 6.4 14 20 18 18 100 - - 0 2.7 10.3 +Avg 0.27 3,662 2.1
768 Bank of India Ultra Short Duration 0.5 1.8 7.1 6.0 23 24 23 23 100 - - 0 2.1 10.1 +Avg 0.38 174 1.8
769 Baroda BNP Paribas Ultra Short Duration 0.6 1.9 7.6 6.6 18 14 17 6 98 1 - 0 2.8 11.5 Avg 0.30 1,358 3.1
770 Canara Robeco Ultra Short Term 0.5 1.8 7.3 6.1 24 22 22 22 100 - - 0 2.3 10.5 High 0.30 614 È 1.9
771 DSP Ultra Short 0.6 1.9 7.7 6.6 16 11 12 9 98 2 - 1 2.7 11.2 Avg 0.30 3,258 3.0
772 Franklin India Ultra Short Duration 0.6 1.9 - - 10 9 - - 100 - - 1 - - - 0.26 190 NR -
773 HDFC Ultra Short Term 0.5 1.8 7.7 6.5 21 17 11 13 99 1 - 1 2.7 11.6 Avg 0.37 14,802 3.6
774 HSBC Ultra Short Duration 0.5 1.8 7.7 6.5 20 19 15 15 100 - - 0 2.7 11.9 Avg 0.21 2,984 3.0
775 ICICI Pru Ultra Short Term 0.6 1.9 7.8 6.7 12 8 5 3 95 5 - 0 2.7 13.0 Low 0.39 14,206 Ç 4.7
776 Invesco India Ultra Short Duration 0.6 1.9 7.7 6.5 8 6 10 14 98 2 - 0 2.7 11.5 +Avg 0.24 1,265 È 2.9
777 ITI Ultra Short Duration 0.6 1.8 7.5 6.3 13 21 20 19 100 - - 0 2.4 11.3 Avg 0.14 157 2.6
778 Kotak Savings 0.5 1.8 7.7 6.5 19 16 13 11 97 3 - 1 2.6 11.4 +Avg 0.37 12,502 È 3.2
779 LIC MF Ultra Short Duration 0.6 1.9 7.6 6.2 17 12 16 21 100 - - 0 2.2 10.3 -Avg 0.25 246 2.3
780 Mahindra Manulife Ultra Short Duration 0.6 1.9 7.7 6.5 11 13 8 12 98 2 - 0 2.7 11.2 -Avg 0.28 229 3.4
781 Mirae Asset Ultra Short Duration 0.6 1.9 7.9 6.6 6 7 4 7 98 2 - 1 2.7 12.4 -Avg 0.22 1,585 3.8
782 Motilal Oswal Ultra Short Term 0.5 1.6 6.6 5.6 25 25 24 24 100 - - 0 1.7 8.2 High 0.52 417 1.3
783 Nippon India Ultra Short Duration 0.6 1.9 8.0 6.9 4 3 1 1 94 6 - 1 2.7 14.6 -Avg 0.38 7,914 4.2
784 PGIM India Ultra Short Duration 0.6 1.8 7.6 6.5 15 18 19 16 99 - - 0 2.4 12.3 -Avg 0.31 243 3.2
785 SBI Magnum Ultra Short Duration 0.6 1.8 7.7 6.4 5 15 14 17 100 - - 1 2.7 11.1 +Avg 0.31 11,858 2.4
786 Sundaram Ultra Short Duration 0.6 1.9 7.7 6.6 7 10 9 8 100 - - 0 2.6 12.2 Low 0.24 1,845 3.5
787 Tata Ultra Short Term 0.6 1.9 7.8 6.6 3 4 6 5 96 4 - 0 2.7 12.5 -Avg 0.29 3,363 3.9
788 UTI Ultra Short Duration 0.6 1.9 7.8 6.5 9 2 7 10 95 5 - 0 2.7 11.7 Avg 0.32 3,046 4.1
789 WhiteOak Capital Ultra Short Duration 0.5 1.8 7.4 6.2 22 23 21 20 100 - - 0 2.3 10.1 Avg 0.51 299 2.4
Debt: Ultra Short Duration 0.6 1.9 7.6 6.4 25 25 24 24 98 4 0 2.5 11.4 0.31 4,296
Debt: Liquid
790 360 ONE Liquid 0.6 1.7 7.3 6.2 - - - - 100 - - 0 1.8 9.2 - 0.20 861 1.6
791 ABSL Liquid 0.6 1.8 7.5 6.4 12 10 3 2 100 - - 0 2.1 10.7 - 0.21 48,377 4.5
792 Axis Liquid 0.6 1.8 7.5 6.4 9 12 8 7 100 - - 0 2.0 10.4 - 0.15 30,636 3.7
793 Bajaj Finserv Liquid 0.6 1.8 7.5 - 1 2 2 - 89 - - 0 - - - 0.10 4,561 NR -
794 Bandhan Liquid 0.6 1.8 7.5 6.4 20 19 20 15 100 - - 0 2.0 10.2 - 0.12 13,348 2.8
795 Bank of India Liquid 0.6 1.8 7.5 6.4 2 5 6 3 100 - - 0 2.0 10.7 - 0.10 1,848 3.7
796 Baroda BNP Paribas Liquid 0.6 1.8 7.4 6.4 16 20 23 5 100 - - 0 2.0 10.4 - 0.17 11,490 4.4
797 Canara Robeco Liquid 0.6 1.8 7.5 6.4 15 17 18 16 100 - - 0 2.0 9.8 - 0.12 3,796 È 2.9
798 DSP Liquidity 0.6 1.8 7.5 6.4 4 1 4 14 100 - - 0 2.0 10.5 - 0.10 20,007 3.0
799 Edelweiss Liquid 0.6 1.8 7.6 6.4 8 3 1 6 100 - - 0 2.1 10.6 - 0.08 5,750 4.2
800 Franklin India Liquid 0.6 1.8 7.5 6.4 7 9 14 18 94 5 - 0 2.0 10.2 - 0.13 2,409 2.9
801 Groww Liquid 0.6 1.8 7.5 6.2 - - - - 100 - - 0 1.8 8.6 - 0.10 516 1.6
802 HDFC Liquid 0.6 1.8 7.4 6.3 26 25 24 26 100 0 - 0 2.0 10.4 - 0.20 67,331 2.4
803 HSBC Liquid 0.6 1.8 7.5 6.4 17 15 13 13 100 - - 0 2.0 9.9 - 0.12 18,018 3.3
804 ICICI Pru Liquid 0.6 1.8 7.5 6.3 24 21 11 20 99 1 - 0 2.0 10.4 - 0.20 51,423 2.6
805 Invesco India Liquid 0.6 1.8 7.5 6.4 19 7 19 19 100 - - 0 2.0 10.3 - 0.15 14,805 2.9
806 JM Liquid 0.6 1.8 7.4 6.3 18 24 27 23 100 - - 0 1.9 10.0 - 0.15 3,172 3.2
807 Kotak Liquid 0.6 1.8 7.5 6.3 25 22 22 22 100 - - 0 2.0 10.3 - 0.20 34,548 2.9
808 LIC MF Liquid 0.6 1.8 7.5 6.3 27 23 16 21 100 - - 0 2.0 10.1 - 0.16 10,690 3.2
809 Mahindra Manulife Liquid 0.6 1.8 7.5 6.4 5 11 5 1 100 - - 0 2.0 10.5 - 0.16 1,322 5.0
810 Mirae Asset Liquid 0.6 1.8 7.5 6.4 11 13 12 10 100 - - 0 2.0 9.9 - 0.09 12,783 3.8
811 Motilal Oswal Liquid 0.6 1.7 7.1 6.0 - - - - 100 - - 0 1.6 9.1 - 0.22 789 1.0
812 Nippon India Liquid 0.6 1.8 7.5 6.4 14 18 10 12 100 - - 0 2.1 10.8 - 0.20 32,210 3.3
813 Parag Parikh Liquid 0.5 1.7 7.1 6.0 30 30 30 29 100 - - 0 1.6 9.0 - 0.16 2,497 1.4
814 PGIM India Liquid 0.6 1.8 7.5 6.4 13 14 15 8 100 - - 0 2.0 10.2 - 0.12 555 3.9
815 Quant Liquid 0.6 1.8 7.3 6.3 - - - - 100 - - 0 1.8 11.0 - 0.25 2,034 3.8
816 Quantum Liquid 0.5 1.7 7.1 6.1 29 29 28 28 100 - - 0 1.7 9.6 - 0.15 487 2.0
817 SBI Liquid 0.6 1.7 7.4 6.3 28 27 25 25 100 - - 0 2.0 10.3 - 0.21 65,889 3.0
Debt: Liquid 0.6 1.8 7.4 6.3 30 30 30 29 99 2 0 2.0 10.1 0.15 15,509

Debt: Liquid
818 Sundaram Liquid 0.6 1.8 7.5 6.4 10 8 7 9 100 - - 0 2.0 10.2 - 0.13 6,783 3.6
819 Tata Liquid 0.6 1.8 7.5 6.4 3 6 17 17 100 - - 0 2.0 10.5 - 0.20 23,832 2.9
820 TRUSTMF Liquid 0.6 1.7 7.4 6.3 21 26 26 24 100 - - 0 2.0 9.8 - 0.10 252 2.7
821 Union Liquid 0.6 1.8 7.5 6.4 6 4 9 4 100 - - 0 2.0 10.3 - 0.07 5,350 Ç 4.2
822 UTI Liquid 0.6 1.8 7.5 6.4 22 16 21 11 100 - - 0 2.0 10.5 - 0.16 28,665 3.6
823 WhiteOak Capital Liquid 0.6 1.8 7.4 6.2 - - - - 100 - - 0 2.0 8.8 - 0.20 276 1.4
Debt: Liquid 0.6 1.8 7.4 6.3 30 30 30 29 99 2 0 2.0 10.1 0.15 15,509
Debt: Money Market
824 ABSL Money Manager 0.6 1.9 7.9 6.7 11 5 4 3 100 - - 0 3.0 11.6 - 0.22 26,348 4.5
825 Axis Money Market 0.6 1.9 7.9 6.7 1 4 2 4 100 - - 0 3.0 12.4 - 0.16 16,963 4.0
826 Bajaj FinServ Money Market 0.6 1.9 7.7 - 7 1 13 - 99 - - 0 - - - 0.10 2,556 NR -
827 Bandhan Money Manager 0.6 1.9 7.8 6.5 5 6 7 11 100 - - 0 2.9 11.0 - 0.10 11,051 2.8
828 Baroda BNP Paribas Money Market 0.6 1.8 7.5 6.2 18 16 21 20 100 - - 0 2.5 10.0 - 0.23 399 1.4
829 DSP Savings 0.5 1.8 7.6 6.3 22 22 16 16 100 - - 1 3.3 6.3 - 0.24 3,865 2.4
830 Edelweiss Money Market 0.5 1.9 7.7 6.3 19 15 15 19 100 - - 1 2.8 8.6 - 0.15 1,046 1.7
831 Franklin India Money Market 0.6 1.9 7.8 6.5 13 10 12 12 100 - - 1 3.0 10.4 - 0.14 2,458 2.9
832 HDFC Money Market 0.6 1.9 7.8 6.6 10 12 11 6 100 - - 0 2.9 12.1 - 0.23 27,987 3.9
833 HSBC Money Market 0.6 1.9 7.7 6.4 8 13 14 14 100 - - 0 2.9 9.8 - 0.20 2,268 2.1
834 ICICI Pru Money Market 0.6 1.9 7.8 6.6 6 8 8 8 100 - - 0 2.9 11.3 - 0.21 27,974 3.4
835 Invesco India Money Market 0.5 1.8 7.6 6.3 20 21 17 17 100 - - 1 3.2 6.4 - 0.22 4,959 2.5
836 Kotak Money Market 0.6 1.9 7.8 6.6 12 11 6 7 100 - - 0 2.8 12.1 - 0.23 29,488 2.9
837 Mirae Asset Money Market 0.6 1.9 7.9 6.5 2 3 3 13 100 - - 0 2.5 11.1 - 0.11 1,201 2.4
838 Nippon India Money Market 0.6 1.9 7.8 6.7 16 9 5 2 100 - - 0 2.8 12.8 - 0.26 19,187 4.4
839 PGIM India Money Market 0.6 1.8 7.6 6.6 17 19 19 10 100 - - 0 2.6 12.1 - 0.20 176 3.3
840 SBI Savings 0.6 1.9 7.8 6.6 3 14 9 9 100 - - 0 2.9 11.8 - 0.25 28,437 3.2
841 Sundaram Money Market 0.6 1.8 7.6 6.4 15 18 18 15 100 - - 0 2.4 10.7 - 0.17 491 2.2
842 Tata Money Market 0.6 1.9 8.0 6.8 4 2 1 1 100 - - 0 3.1 12.1 - 0.15 26,783 5.0
843 Union Money Market 0.6 1.8 7.4 6.3 14 20 22 18 100 - - 0 2.2 10.7 - 0.20 174 2.3
844 UTI Money Market 0.6 1.9 7.8 6.7 9 7 10 5 100 - - 0 2.8 12.6 - 0.15 16,113 3.8
Debt: Money Market 0.6 1.8 7.7 6.5 23 23 23 20 100 0 2.8 10.8 0.19 11,901
Debt: Overnight
845 ABSL Overnight 0.5 1.6 6.7 5.9 12 9 11 7 100 - - 0 1.2 7.5 - 0.08 6,478 3.8
846 Axis Overnight 0.5 1.6 6.8 6.0 4 3 2 2 100 - - 0 1.3 7.6 - 0.05 9,541 4.5
847 Bajaj Finserv Overnight 0.5 1.6 6.7 - 6 5 14 - 100 - - 0 - - - 0.08 452 NR -
848 Bandhan Overnight 0.5 1.6 6.7 5.9 10 11 8 11 100 - - 0 1.2 7.5 - 0.05 1,146 3.0
849 Baroda BNP Paribas Overnight 0.5 1.6 6.7 5.9 23 18 17 12 100 - - - 1.2 7.5 - 0.09 685 3.5
850 Canara Robeco Overnight 0.5 1.6 6.6 5.9 27 27 28 24 100 - - 0 1.1 7.1 - 0.10 166 2.1
851 DSP Overnight 0.5 1.6 6.7 5.9 - - - - 100 - - 0 1.2 7.4 - 0.06 2,071 3.7
852 Edelweiss Overnight 0.5 1.6 6.7 5.9 24 25 23 22 100 - - 0 1.2 7.2 - 0.11 529 2.0
853 Franklin India Overnight 0.5 1.6 6.7 5.9 9 22 25 23 100 - - 0 1.1 7.2 - 0.10 345 1.9
854 HDFC Overnight 0.5 1.6 6.7 5.9 26 24 22 21 100 - - 0 1.2 7.2 - 0.10 12,474 2.0
855 Helios Overnight 0.6 1.6 6.7 - - - - - 100 - - 0 - - - 0.13 110 NR -
856 HSBC Overnight 0.5 1.6 6.7 5.9 17 12 7 9 100 - - 0 1.2 7.4 - 0.06 2,104 4.4
857 ICICI Pru Overnight 0.5 1.6 6.7 5.9 20 20 20 17 100 - - - 1.2 7.3 - 0.10 10,793 2.9
858 Invesco India Overnight 0.5 1.6 6.7 5.9 2 7 9 16 100 - - 0 1.2 7.4 - 0.06 414 2.5
859 JM Overnight 0.5 1.6 6.7 5.9 15 23 26 20 100 - - 0 1.2 7.2 - 0.08 245 2.9
860 Kotak Overnight 0.5 1.6 6.7 5.9 7 13 12 5 100 - - 0 1.2 7.4 - 0.08 7,131 3.4
861 LIC MF Overnight 0.5 1.6 6.7 5.9 22 16 13 10 100 - - 0 1.2 7.5 - 0.07 600 3.6
862 Mahindra Manulife Overnight 0.5 1.6 6.7 5.9 18 14 16 8 100 - - 0 1.2 7.5 - 0.09 142 3.6
863 Mirae Asset Overnight 0.5 1.6 6.8 6.0 11 10 3 3 100 - - 0 1.2 7.5 - 0.08 741 5.0
864 Nippon India Overnight 0.5 1.6 6.8 6.0 8 6 5 4 91 - - 0 1.2 7.6 - 0.08 6,922 3.7
865 NJ Overnight 0.5 1.6 6.7 - 25 26 27 - 100 - - 0 - - - 0.05 213 1.9
866 Quant Overnight 0.6 1.7 7.0 - - - - - 100 - - 0 - - - 0.15 196 5.0
867 SBI Overnight 0.5 1.6 6.7 5.9 21 19 21 19 100 - - 0 1.2 7.3 - 0.07 18,378 2.3
Debt: Overnight 0.5 1.6 6.7 5.9 30 30 30 25 100 0 1.2 7.4 0.08 3,228

Debt: Overnight
868 Shriram Overnight 0.5 1.6 6.7 - 28 28 24 - 100 - - 0 - - - 0.11 381 3.0
869 Sundaram Overnight 0.5 1.6 6.7 5.9 14 17 18 18 100 - - 0 1.2 7.4 - 0.07 849 2.5
870 Tata Overnight 0.5 1.6 6.8 5.9 5 4 4 6 100 - - 0 1.2 7.4 - 0.06 4,311 3.3
871 TRUSTMF Overnight 0.5 1.6 6.7 - 16 1 19 - 100 - - 0 - - - 0.07 311 3.0
872 Union Overnight 0.5 1.6 6.7 5.9 19 21 6 14 100 - - 0 1.2 7.5 - 0.07 372 3.0
873 UTI Overnight 0.5 1.6 6.7 5.9 13 15 10 13 100 - - 0 1.2 7.4 - 0.06 5,517 3.0
Debt: Overnight 0.5 1.6 6.7 5.9 30 30 30 25 100 0 1.2 7.4 0.08 3,228
Debt: Dynamic Bond
874 360 ONE Dynamic Bond 0.3 2.0 10.4 6.7 24 9 6 11 94 - - 7 0.7 0.7 Avg 0.27 755 4.1
875 ABSL Dynamic Bond 0.5 2.0 10.0 7.7 14 7 14 2 97 - 3 15 1.6 0.8 Avg 0.64 1,697 4.3
876 Axis All Seasons Debt FoF 0.5 1.8 9.6 6.5 16 20 17 13 98 2 1 - 0.4 0.4 Avg 0.23 146 3.8
877 Axis Dynamic Bond 0.5 1.9 9.2 5.9 12 16 20 22 100 - - 21 -0.1 -0.1 Avg 0.25 1,604 2.2
878 Bandhan Dynamic Bond 0.1 1.4 12.1 6.5 26 25 1 12 100 - - 29 0.5 0.2 High 0.71 3,048 1.9
879 Baroda BNP Paribas Dynamic Bond 0.8 2.2 10.0 7.0 2 4 11 5 100 - - 16 0.9 1.0 Avg 0.71 166 2.7
880 Canara Robeco Dynamic Bond 0.3 1.4 9.6 6.3 22 26 16 16 100 - - 24 0.2 0.3 +Avg 0.66 119 2.4
881 DSP Strategic Bond 0.3 1.9 11.5 6.9 23 12 2 8 100 - - 31 0.9 0.6 +Avg 0.53 1,717 2.9
882 HDFC Dynamic Debt 0.5 1.8 10.0 6.4 15 18 13 14 98 - - 16 0.4 0.4 Avg 0.75 787 4.2
883 HSBC Dynamic Bond 0.6 1.9 10.0 6.1 9 10 10 19 100 - - 15 0.1 0.1 Avg 0.20 159 2.7
884 ICICI Pru All Seasons Bond 0.7 2.2 9.3 7.3 3 2 19 4 81 17 - 6 1.2 1.5 -Avg 0.59 13,133 5.0
885 ICICI Pru Retirement Pure Debt 0.6 1.9 8.6 6.2 6 13 24 18 89 7 4 5 0.1 0.1 Low 1.19 116 3.3
886 Kotak Dynamic Bond 0.1 1.8 10.8 6.8 25 17 4 10 94 - - 19 0.7 0.6 +Avg 0.58 2,971 3.4
887 Mirae Asset Dynamic Bond 0.5 1.9 8.4 5.5 11 15 26 24 100 - - 2 -0.5 -0.4 -Avg 0.16 138 2.4
888 Nippon India Dynamic Bond 0.4 1.8 9.9 6.0 20 19 15 20 100 - - 6 0.0 0.0 +Avg 0.32 4,395 1.7
889 Quantum Dynamic Bond 0.4 1.7 10.5 7.0 18 23 5 6 100 - - 10 0.9 0.8 +Avg 0.51 111 3.2
890 SBI Dynamic Bond 0.3 1.8 10.0 7.4 21 21 12 3 100 - - 20 1.3 1.0 Avg 0.62 3,305 3.8
891 UTI Dynamic Bond 0.6 2.1 10.2 8.9 7 5 9 1 100 - - 8 2.8 0.6 Avg 0.67 560 2.9
Debt: Dynamic Bond 0.5 1.9 9.9 6.6 26 26 26 25 97 9 2 14 0.7 0.5 0.53 1,940
VR Bond Index 0.3 1.6 8.8 6.0
Debt: Corporate Bond
892 ABSL Corporate Bond 0.6 2.1 9.0 6.7 9 4 2 4 100 - - 6 0.6 0.7 +Avg 0.34 23,337 4.2
893 Axis Corporate Bond 0.6 2.0 8.9 6.7 1 11 6 3 100 - - 5 0.7 0.7 Avg 0.32 6,104 4.3
894 Bandhan Corporate Bond 0.6 2.0 8.0 5.8 8 12 21 15 100 - - 4 -0.2 -0.2 -Avg 0.33 14,098 2.5
895 Baroda BNP Paribas Corporate Bond 0.5 2.1 8.9 5.8 21 9 5 16 100 - - 5 -0.2 -0.3 High 0.20 196 1.8
896 Canara Robeco Corporate Bond 0.5 2.0 8.4 6.0 20 18 18 13 100 - - 6 0.0 0.0 -Avg 0.42 136 2.8
897 DSP Corporate Bond 0.5 1.9 8.3 5.5 18 20 20 19 100 - - 2 -0.5 -0.4 +Avg 0.28 2,533 2.3
898 Franklin India Corporate Debt 0.6 2.1 8.3 6.2 2 2 19 10 94 5 - 4 0.2 0.2 Low 0.23 765 3.5
899 HDFC Corporate Bond 0.5 2.1 9.0 6.5 17 3 4 6 100 - - 6 0.4 0.5 Avg 0.36 32,072 3.2
900 HSBC Corporate Bond 0.5 2.0 8.7 5.7 15 17 9 18 100 - - 4 -0.3 -0.3 High 0.30 6,535 1.3
901 ICICI Pru Corporate Bond 0.6 2.0 8.4 6.8 5 16 16 2 99 - - 4 0.7 0.6 Low 0.35 27,164 4.6
902 Invesco India Corporate Bond 0.6 2.0 8.8 6.1 11 13 8 11 100 - - 5 0.1 0.1 Avg 0.28 5,644 3.0
903 Kotak Corporate Bond 0.6 2.1 8.9 6.5 10 5 7 5 100 - - 5 0.4 0.5 Avg 0.34 14,163 3.3
904 Nippon India Corporate Bond 0.6 2.2 9.1 6.9 6 1 1 1 100 - - 5 0.8 0.9 Avg 0.36 5,946 5.0
905 SBI Corporate Bond 0.6 2.1 8.6 6.3 3 6 11 8 100 - - 5 0.2 0.2 Avg 0.35 20,570 2.8
906 Sundaram Corporate Bond 0.6 2.0 8.5 6.1 13 14 14 12 100 - - 6 0.0 0.0 Avg 0.33 740 3.4
907 Tata Corporate Bond 0.5 2.1 9.0 - 14 8 3 - 100 - - 5 - - -Avg 0.32 2,771 3.6
908 Union Corporate Bond 0.5 2.0 8.6 5.8 16 15 10 17 100 - - 5 -0.3 -0.3 +Avg 0.38 279 1.9
909 UTI Corporate Bond 0.6 2.0 8.5 6.3 4 10 15 9 100 - - 5 0.2 0.2 Avg 0.29 4,669 2.9
Debt: Corporate Bond 0.6 2.0 8.6 6.2 21 21 21 19 99 5 5 0.2 0.2 0.32 9,318
VR Bond Index 0.3 1.6 8.8 6.0
Debt: Credit Risk
910 ABSL Credit Risk 0.6 5.2 13.2 9.5 8 1 1 3 43 43 6 3 7.1 2.4 Avg 0.67 936 3.5
911 Axis Credit Risk 0.7 2.2 9.0 7.1 3 5 6 9 40 44 14 3 5.0 4.7 -Avg 0.80 424 3.5
912 Bandhan Credit Risk 0.6 2.0 8.6 6.2 10 9 11 13 44 56 - 4 4.6 3.0 +Avg 0.69 305 2.4
913 Bank of India Credit Risk 0.5 1.4 6.5 40.0 11 13 14 1 54 45 - 1 -6.4 0.6 Avg 1.18 115 1.7
914 Baroda BNP Paribas Credit Risk 0.6 2.4 9.3 7.5 9 3 3 6 47 52 - 4 4.8 5.1 Low 0.79 165 4.7
Debt: Credit Risk 0.6 2.2 9.0 9.9 14 14 14 14 43 48 11 3 4.9 3.0 0.77 1,508

Debt: Credit Risk
915 DSP Credit Risk 0.7 2.1 8.7 11.5 4 6 9 2 29 71 - 4 8.0 1.3 Avg 0.40 188 4.0
916 HDFC Credit Risk Debt 0.4 2.0 9.1 6.8 13 11 5 11 48 42 6 3 5.3 3.0 +Avg 0.99 7,461 3.1
917 HSBC Credit Risk 0.6 1.9 8.1 6.3 7 12 13 12 46 54 - 3 4.3 3.4 -Avg 0.86 580 2.6
918 ICICI Pru Credit Risk 0.3 2.0 9.5 7.5 14 8 2 5 36 43 11 2 5.2 4.2 +Avg 0.76 6,387 3.4
919 Invesco India Credit Risk 0.6 2.0 8.7 8.1 6 10 10 4 55 - - 5 9.3 1.6 Avg 0.28 142 2.7
920 Kotak Credit Risk 0.4 0.8 8.6 5.7 12 14 12 14 43 37 9 3 5.9 1.0 High 0.79 753 1.7
921 Nippon India Credit Risk 0.7 2.3 9.1 7.3 1 4 4 8 47 34 19 3 5.6 4.5 -Avg 0.69 1,021 3.4
922 SBI Credit Risk 0.7 2.0 8.9 7.4 2 7 8 7 27 56 14 3 5.4 3.0 Avg 0.89 2,311 3.4
923 UTI Credit Risk 0.7 2.5 8.9 6.9 5 2 7 10 44 48 - 3 4.6 4.0 Avg 1.00 325 2.7
Debt: Credit Risk 0.6 2.2 9.0 9.9 14 14 14 14 43 48 11 3 4.9 3.0 0.77 1,508
Debt: Banking and PSU
924 ABSL Banking & PSU Debt 0.5 2.0 8.4 6.3 15 7 11 5 100 - - 5 4.4 3.6 Avg 0.39 9,507 3.9
925 Axis Banking & PSU Debt 0.6 1.9 8.0 6.1 7 18 20 11 100 - - 4 3.7 3.7 -Avg 0.35 13,045 3.9
926 Bajaj FinServ Banking and PSU 0.5 2.0 8.7 - 9 3 4 - 23 - - 4 - - - 0.34 120 NR -
927 Bandhan Banking & PSU Debt 0.6 1.9 8.1 6.2 3 16 19 10 100 - - 3 4.2 3.6 -Avg 0.33 13,429 È 4.4
928 Canara Robeco Banking and PSU Debt 0.5 1.9 8.2 - 12 19 17 - 100 - - 4 - - Avg 0.34 248 2.7
929 DSP Banking & PSU Debt 0.3 2.0 9.1 6.3 22 5 1 7 100 - - 11 5.3 2.4 +Avg 0.32 3,011 3.0
930 Edelweiss Banking & PSU Debt 0.5 2.0 8.8 6.0 19 4 2 14 100 - - 5 7.5 1.1 High 0.39 271 1.6
931 Franklin India Banking & PSU Debt 0.5 1.9 8.2 6.1 13 15 18 12 94 6 - 4 4.7 2.6 -Avg 0.18 578 3.0
932 HDFC Banking and PSU Debt 0.5 1.9 8.5 6.3 18 14 9 6 98 - - 5 4.6 3.4 Avg 0.39 5,809 4.2
933 HSBC Banking and PSU Debt 0.5 1.8 7.8 5.3 17 22 22 19 100 - - 1 6.1 0.9 +Avg 0.23 4,491 1.8
934 ICICI Pru Banking & PSU Debt 0.6 1.9 8.2 6.6 1 13 15 2 98 - - 5 3.9 3.9 -Avg 0.39 9,047 4.8
935 Kotak Banking & PSU Debt 0.6 2.0 8.6 6.5 5 1 5 3 100 - - 5 4.9 3.1 +Avg 0.39 5,697 3.6
936 LIC MF Banking & PSU 0.5 2.0 8.6 6.2 14 2 6 9 100 - - 4 4.6 3.1 Avg 0.28 1,875 2.8
937 Nippon India Banking & PSU Debt 0.6 1.9 8.5 6.2 6 10 7 8 100 - - 5 5.1 2.6 Avg 0.38 5,438 3.6
938 SBI Banking and PSU 0.5 1.9 8.4 6.0 10 8 13 13 92 7 - 5 5.0 2.5 Avg 0.34 3,796 2.2
939 Sundaram Banking & PSU 0.5 2.0 8.4 5.9 11 6 12 16 100 - - 5 5.0 2.1 Avg 0.27 335 2.2
940 TRUSTMF Banking & PSU 0.5 1.9 8.0 5.7 16 9 21 17 100 - - 3 5.2 1.7 Low 0.21 198 2.7
941 UTI Banking & PSU 0.5 1.9 8.2 8.4 8 20 16 1 100 - - 3 -1.8 1.3 +Avg 0.36 820 Ç 1.1
Debt: Banking and PSU 0.5 1.9 8.4 6.2 22 22 22 20 94 6 5 4.5 2.6 0.33 4,317
Debt: Floater
942 ABSL Floating Rate 0.5 2.0 8.2 6.8 9 7 10 5 100 - - 2 3.4 7.4 -Avg 0.23 13,142 5.0
943 Axis Floater 0.5 2.0 10.2 7.2 10 6 1 1 99 - - 21 6.1 2.2 High 0.20 234 1.5
944 Bandhan Floating Rate 0.7 2.1 8.6 6.5 1 2 8 11 78 21 - 4 4.3 4.9 Avg 0.31 330 2.9
945 DSP Floater 0.6 2.2 9.7 6.7 4 1 2 8 100 - - 7 5.4 3.2 +Avg 0.25 727 1.5
946 Franklin India Floating Rate 0.7 2.0 9.0 7.2 2 8 3 2 94 5 - 6 4.3 5.5 Avg 0.23 304 4.0
947 HDFC Floating Rate Debt 0.5 1.9 8.6 6.9 5 10 6 4 94 6 - 4 3.9 4.6 Avg 0.26 15,004 4.0
948 ICICI Pru Floating Interest 0.5 1.9 8.8 7.1 6 9 4 3 89 13 - 6 4.2 2.7 +Avg 0.56 8,675 2.5
949 Kotak Floating Rate 0.5 2.1 8.7 6.6 7 3 5 10 97 3 - 6 4.6 3.4 +Avg 0.25 3,702 2.1
950 Nippon India Floating Rate 0.5 2.1 8.6 6.6 8 4 7 9 100 - - 4 4.4 4.7 Avg 0.31 7,822 2.8
951 SBI Floating Rate Debt 0.6 1.9 8.6 6.8 3 11 9 6 100 - - 6 4.1 5.0 Avg 0.26 1,170 3.0
952 Tata Floating Rate 0.4 2.1 8.1 6.7 12 5 11 7 100 - - 4 2.8 6.4 -Avg 0.33 146 3.6
953 UTI Floater 0.5 1.8 7.6 6.2 11 12 12 12 100 - - 2 2.9 6.0 -Avg 0.40 1,418 3.3
Debt: Floater 0.6 2.0 8.7 6.8 12 12 12 12 96 10 6 4.2 4.7 0.30 4,389
Debt: Gilt
954 ABSL Government Securities 0.4 1.7 10.8 6.4 16 14 7 13 100 - - 18 0.0 -0.1 +Avg 0.49 2,304 3.5
955 Axis Gilt 0.5 2.0 11.3 6.6 7 4 5 11 100 - - 24 0.2 0.0 Avg 0.35 686 Ç 3.6
956 Bandhan GSF Investment 0.1 1.5 12.5 6.7 23 22 1 8 100 - - 29 0.1 0.0 High 0.52 3,206 2.3
957 Baroda BNP Paribas Gilt 0.7 2.2 10.6 6.3 3 1 9 15 100 - - 11 -0.2 -0.2 Avg 0.14 1,601 2.3
958 Canara Robeco Gilt 0.3 1.7 10.3 6.4 17 18 12 14 100 - - 25 0.0 -0.2 Avg 0.54 121 2.9
959 DSP Gilt 0.2 1.8 11.7 6.9 22 9 3 2 100 - - - 0.5 0.1 +Avg 0.57 1,539 4.1
960 Edelweiss Government Securities 0.4 1.7 11.5 6.7 11 13 4 9 100 - - 17 0.2 0.0 +Avg 0.47 199 3.7
961 Franklin India Government Securities 0.6 1.9 8.1 5.4 4 7 23 21 100 - - 5 -0.8 -0.5 Low 0.60 151 1.4
Debt: Gilt 0.4 1.8 10.4 6.5 23 23 23 21 100 18 0.1 -0.1 0.49 1,979
CCIL All Sovereign Bond - TRI 0.4 1.8 11.6 6.7

Debt: Gilt
962 HDFC Gilt 0.6 1.9 9.9 5.9 5 6 19 19 100 - - 15 -0.4 -0.4 Avg 0.46 2,720 2.3
963 HSBC Gilt 0.4 1.7 10.5 6.2 15 17 11 16 100 - - 24 -0.1 -0.2 Avg 0.48 229 Ç 2.5
964 ICICI Pru Gilt 0.8 2.1 9.1 6.7 2 2 20 6 94 - - 6 0.4 0.0 Low 0.56 6,692 4.5
965 Invesco India Gilt 0.3 1.7 11.8 6.8 20 16 2 3 100 - - 26 0.4 0.1 +Avg 0.46 1,106 1.8
966 Kotak Gilt Investment 0.3 1.8 10.2 6.8 19 12 14 4 100 - - 28 0.3 0.0 Avg - 4,084 3.8
967 Nippon India Gilt Securities 0.4 1.8 10.7 6.5 13 10 8 12 100 - - 20 0.0 -0.2 +Avg 0.50 2,171 3.0
968 PGIM India Gilt 0.5 1.9 10.8 6.6 9 5 6 10 100 - - 18 0.2 0.0 -Avg 0.50 116 3.5
969 Quant Gilt 0.5 1.9 8.9 - 10 8 21 - 100 - - 6 - - Low 0.51 130 5.0
970 SBI Magnum Gilt 0.4 1.7 10.1 7.3 12 15 16 1 100 - - 23 0.9 0.3 -Avg 0.46 10,839 4.8
971 Tata GSF 0.6 2.0 10.5 6.7 6 3 10 7 100 - - 18 0.3 0.0 +Avg 0.27 874 2.6
972 Union Gilt 0.4 1.7 10.3 - 14 19 13 - 100 - - 18 - - +Avg 0.70 150 1.5
973 UTI Gilt 0.5 1.6 9.9 6.2 8 21 18 17 100 - - 21 -0.2 -0.2 -Avg 0.67 663 3.1
Debt: Gilt 0.4 1.8 10.4 6.5 23 23 23 21 100 18 0.1 -0.1 0.49 1,979
Debt: Gilt with 10 year Constant Duration
974 Bandhan GSF Constant Maturity Plan 0.7 2.1 11.0 5.7 5 4 1 3 100 - - 9 -0.8 -0.7 - 0.30 344 NR -
975 ICICI Pru Constant Maturity Gilt 0.9 2.2 10.3 5.8 1 1 4 2 100 - - 10 -0.7 -0.7 - 0.23 2,442 NR -
976 SBI Magnum Constant Maturity 0.8 2.1 10.5 5.9 4 3 2 1 100 - - 10 -0.6 -0.6 - 0.31 1,762 NR -
977 UTI Gilt Fund with 10Y Constant Duration 0.8 2.2 10.4 - 3 2 3 - 100 - - 10 - - - 0.21 166 NR -
Debt: Gilt with 10 year Constant Duration 0.8 2.1 10.4 5.7 5 5 5 4 100 10 -0.7 -0.6 0.26 1,179
Commodities: Gold
978 ABSL Gold -3.4 6.1 20.9 15.7 2 2 8 4 - - - - 0.4 -0.2 +Avg 0.20 440 È 2.3
979 Axis Gold -3.8 5.9 20.6 15.6 10 10 11 7 - - - - 0.3 -0.2 Low 0.17 699 4.4
980 Edelweiss Gold and Silver ETF FoF -5.6 5.6 18.4 - 16 12 14 - - - - - - - High 0.27 176 1.0
981 HDFC Gold ETF FoF -3.8 5.5 21.2 15.7 7 15 2 5 - - - - 0.1 -0.2 -Avg 0.18 2,795 È 4.0
982 ICICI Pru Regular Gold Savings (FOF) -3.7 6.1 21.2 15.6 5 3 3 8 - - - - 0.0 -0.3 Avg 0.09 1,325 3.0
983 Kotak Gold -3.9 5.7 20.7 15.3 11 11 10 10 - - - - -0.2 -0.4 +Avg 0.16 2,305 3.1
984 Motilal Oswal Gold and Silver ETFs FoF -5.0 5.6 19.4 - 15 14 13 - - - - - - - +Avg 0.16 163 2.0
985 Nippon India Gold Savings -3.9 5.9 20.8 15.5 12 7 9 9 - - - - 0.0 -0.3 High 0.14 2,237 2.1
986 Quantum Gold Savings -3.9 6.0 20.9 15.6 13 4 6 6 - - - - 0.0 -0.3 Avg 0.06 146 2.6
987 SBI Gold -3.8 6.0 20.9 15.8 6 6 7 2 - - - - 0.2 -0.2 -Avg 0.10 2,522 3.4
988 Tata Gold ETF FoF -3.7 6.1 - - 4 1 - - - - - - - - - 0.19 117 NR -
989 UTI Gold ETF FoF -3.3 6.0 21.5 - 1 5 1 - - - - - - - -Avg 0.21 144 4.7
Commodities: Gold -3.9 5.9 20.6 15.7 16 15 14 10 0.1 -0.3 0.16 1,089
Domestic Price of Gold Index -4.8 5.2 20.7 16.2
Commodities: Silver
990 ABSL Silver ETF FoF -7.6 4.5 16.6 - 4 7 5 - - - - - - - - 0.30 185 NR -
991 HDFC Silver ETF FoF -7.8 4.6 17.2 - 7 6 2 - - - - - - - - 0.27 176 NR -
992 ICICI Pru Silver ETF FoF -7.8 4.5 16.7 - 9 8 4 - - - - - - - - 0.12 915 NR -
993 Nippon India Silver ETF FoF -7.8 4.6 16.2 - 8 5 7 - - - - - - - - 0.26 504 NR -
994 SBI Silver ETF FoF -7.6 4.2 - - 3 9 - - - - - - - - - 0.25 299 NR -
Commodities: Silver -7.6 4.7 16.8 9 9 7 0 0.24 416
Domestic Price of Silver -7.5 5.2 17.7
Debt: Target Maturity
995 Axis Nifty AAA + SDL Apr 26 5050 ETF FoF 0.2 1.5 7.6 5.3 6 6 6 4 100 - - - 5.9 0.8 - 0.08 275 NR -
996 BHARAT Bond ETF FOF-April 2032 0.4 2.6 9.8 - 4 1 2 - 100 - - 7 - - - 0.06 4,550 NR -
997 BHARAT Bond ETF FOF-April 2033 0.4 2.3 10.2 - 3 3 1 - 100 - - 8 - - - 0.06 2,250 NR -
998 BHARAT Bond FOF-April 2025 0.5 2.0 7.7 5.4 1 5 5 3 100 - - 0 5.5 1.0 - 0.06 4,333 NR -
Debt: Target Maturity 0.4 2.2 9.0 5.8 6 6 6 4 100 5 7.2 0.9 0.06 3,810

SCOREBOARD Index
360 ONE Balanced Hybrid 556 Axis Greater China Equity FoF 447 Bank of India Ultra Short Duration 768 DSP Quant 341
360 ONE Dynamic Bond 874 Axis Growth Opportunities 40 Baroda BNP Paribas Aggressive Hybrid 524 DSP Regular Savings 566
360 ONE FlexiCap 70 Axis India Manufacturing 330 Baroda BNP Paribas Arbitrage 607 DSP Savings 829
360 ONE Focused Equity 71 Axis Innovation 331 Baroda BNP Paribas Balanced Advantage 633 DSP Short-Term 730
360 ONE Liquid 790 Axis Liquid 792 Baroda BNP Paribas Banking & Fin Srvcs 264 DSP Small Cap 186
360 ONE Quant 323 Axis Long Duration 694 Baroda BNP Paribas Business Cycle 337 DSP Strategic Bond 881
Aditya Birla Sun Life Arbitrage 603 Axis Midcap 152 Baroda BNP Paribas Conservative Hybrid 564 DSP Top 100 Equity 8
ABSL Asset Allocator FoF 663 Axis Money Market 825 Baroda BNP Paribas Corporate Bond 895 DSP Ultra Short 771
ABSL Bal Bhavishya Yojna 72 Axis Multi Asset Allocation 666 Baroda BNP Paribas Credit Risk 914 DSP US Flexible Equity Fund of Fund 452
ABSL Balanced Advantage 627 Axis Multicap 482 Baroda BNP Paribas Dividend Yield 401 DSP Value 212
ABSL Banking & Financial Services 262 Axis NASDAQ 100 FoF 448 Baroda BNP Paribas Dynamic Bond 879 DSP World Gold FoF 453
ABSL Banking & PSU Debt 924 Axis Nifty AAA + SDL Apr 26 5050 ETF FoF 995 Baroda BNP Paribas ELSS Tax Saver 233 DSP World Mining FoF 454
ABSL Business Cycle 324 Axis Overnight 846 Baroda BNP Paribas Equity Svngs 586 Edelweiss Aggressive Hybrid 528
ABSL Corporate Bond 892 Axis Quant 332 Baroda BNP Paribas Flexi Cap 82 BHARAT Bond ETF FOF-April 2032 996
ABSL Credit Risk 910 Axis Retirement -Aggressive Plan 520 Baroda BNP Paribas Focused 83 BHARAT Bond ETF FOF-April 2033 997
ABSL Digital India 312 Axis Retirement-Dynamic Plan 629 Baroda BNP Paribas Gilt 957 BHARAT Bond FOF-April 2025 998
ABSL Dividend Yield 400 Axis Short Duration 725 Baroda BNP Paribas India Consumption 427 BHARAT Bond FOF-April 2030 999
ABSL Dynamic Bond 875 Axis Small Cap 181 Baroda BNP Paribas Innovation 338 BHARAT Bond FOF-April 2031 1000
ABSL ELSS Tax Saver 229 Axis Strategic Bond 714 Baroda BNP Paribas Large & Mid Cap 44 Edelweiss Arbitrage 609
ABSL Equity Advantage 39 Axis Treasury Advantage 746 Baroda BNP Paribas Large Cap 6 Edelweiss Balanced Advantage 636
ABSL Equity Hybrid ‘95 516 Axis Ultra Short Duration 766 Baroda BNP Paribas Liquid 796 Edelweiss Banking & PSU Debt 930
ABSL Equity Savings 583 Axis Value 208 Baroda BNP Paribas Low Duration 748 Edelweiss Business Cycle 342
ABSL ESG Integration Strategy 509 Bajaj FinServ Arbitrage 605 Baroda BNP Paribas Manufacturing 339 Edelweiss ELSS Tax Saver 236
ABSL Financial Planning FOF Aggressive 664 Bajaj FinServ Balanced Advantage 630 Baroda BNP Paribas Midcap 154 Edelweiss Emerging Market Opp Eqt Offshr 455
ABSL Flexi Cap 73 Bajaj FinServ Banking and PSU 926 Baroda BNP Paribas Money Market 828 Edelweiss Equity Savings 588
ABSL Floating Rate 942 Bajaj FinServ Flexi Cap 78 Baroda BNP Paribas Multi Asset 670 Edelweiss Flexi Cap 88
ABSL Focused 74 Bajaj FinServ Large and Mid Cap 41 Baroda BNP Paribas Multi Cap 485 Edelweiss Focused 89
ABSL Frontline Equity 1 Bajaj Finserv Liquid 793 Baroda BNP Paribas Overnight 849 Edelweiss Gold and Silver ETF FoF 980
ABSL Global Emerging Opportunities 441 Bajaj FinServ Money Market 826 Baroda BNP Paribas Retirement 525 Edelweiss Government Securities 960
ABSL Global Excellence Equity FoF 442 Bajaj Finserv Multi Asset Allocation 667 Baroda BNP Paribas Short Duration 728 Edelweiss Greater China Equity Off-shore 456
ABSL Gold 978 Bajaj Finserv Overnight 847 Baroda BNP Paribas Small Cap 184 Edelweiss Large & Mid Cap 47
ABSL Government Securities 954 Bajaj FinSrv Large Cap 3 Baroda BNP Paribas Ultra Short Duration 769 Edelweiss Large Cap 9
ABSL Income 702 Bandhan All Seasons Bond 726 Baroda BNP Paribas Value 210 Edelweiss Liquid 799
ABSL India GenNext 425 Bandhan Arbitrage 606 Canara Robeco Balanced Advtg 634 Edelweiss Mid Cap 157
ABSL Infrastructure 281 Bandhan Balanced Advantage 631 Canara Robeco Banking and PSU Debt 928 Edelweiss Money Market 830
ABSL International Equity 443 Bandhan Banking & PSU Debt 927 Canara Robeco Bluechip Equity 7 Edelweiss Multi Asset Allocation 672
ABSL Liquid 791 Bandhan Bond Fund Medium Term Plan 715 Canara Robeco Conservative Hybrid 565 Edelweiss Multi Cap 488
ABSL Long Duration 693 Bandhan Bond Income 703 Canara Robeco Consumer Trends 428 Edelweiss Overnight 852
ABSL Low Duration 745 Bandhan Bond Short Term 727 Canara Robeco Corporate Bond 896 Edelweiss Recently Listed IPO 343
ABSL Manufacturing Equity 325 Bandhan Business Cycle 333 Canara Robeco Dynamic Bond 880 Edelweiss Small Cap 187
ABSL Medium Term 713 Bandhan Conservative Hybrid 563 Canara Robeco ELSS Tax Saver 234 Edelweiss Technology 313
ABSL Mid Cap 151 Bandhan Core Equity 42 Canara Robeco Emerging Equities 45 Edelweiss US Technology Equity FoF 457
ABSL MNC 410 Bandhan Corporate Bond 894 Canara Robeco Equity Hybrid 526 Edelweiss US Value Equity Offshr 458
ABSL Money Manager 824 Bandhan Credit Risk 912 Canara Robeco Flexi Cap 84 Franklin Asian Equity 459
ABSL Multi Asset Allocation 665 Bandhan Dynamic Bond 878 Canara Robeco Focused Equity 85 Franklin Build India 286
ABSL Multi-Cap 481 Bandhan ELSS Tax Saver 231 Canara Robeco Gilt 958 Franklin India Balanced Advantage 637
ABSL NASDAQ 100 FOF 444 Bandhan Equity Savings 585 Canara Robeco Income 704 Franklin India Banking & PSU Debt 931
ABSL Overnight 845 Bandhan Financial Services 263 Canara Robeco Infrastructure 284 Franklin India Bluechip 10
ABSL Pharma & Healthcare 299 Bandhan Flexi Cap 79 Canara Robeco Liquid 797 Franklin India Corporate Debt 898
ABSL PSU Equity 420 Bandhan Floating Rate 944 Canara Robeco Manufacturing 340 Franklin India Debt Hybrid 567
ABSL Pure Value 207 Bandhan Focused Equity 80 Canara Robeco Mid Cap 155 Franklin India Dynamic Asset Allocat FoF 638
ABSL Quant 326 Bandhan GSF Constant Maturity Plan 974 Canara Robeco Multi Cap 486 Franklin India ELSS Tax Saver 237
ABSL Regular Savings 561 Bandhan GSF Investment 956 Canara Robeco Overnight 850 Franklin India Equity Advantage 48
ABSL Retirement 30s 75 Bandhan Hybrid Equity 521 Canara Robeco Savings 749 Franklin India Equity Hybrid 529
ABSL Retirement 40s 517 Bandhan Infrastructure 282 Canara Robeco Short Duration 729 Franklin India Equity Savings 589
ABSL Savings 765 Bandhan Innovation 334 Canara Robeco Small Cap 185 Franklin India Feeder Franklin US Opp 460
ABSL Short Term 724 Bandhan Large Cap 4 Canara Robeco Ultra Short Term 770 Franklin India Flexi Cap 90
ABSL Silver ETF FoF 990 Bandhan Liquid 794 Canara Robeco Value 211 Franklin India Floating Rate 946
ABSL Small Cap 180 Bandhan Long Duration 695 DSP Aggressive Hybrid 527 Franklin India Focused Equity 91
ABSL Special Opportunities 327 Bandhan Low Duration 747 DSP Arbitrage 608 Franklin India Government Securities 961
ABSL Transportation and Logistics 328 Bandhan Midcap 153 DSP Banking & Financial Services 265 Franklin India Liquid 800
Axis Aggressive Hybrid 518 Bandhan Money Manager 827 DSP Banking & PSU Debt 929 Franklin India Money Market 831
Axis All Seasons Debt FoF 876 Bandhan Multi Asset Allocation 668 DSP Bond 716 Franklin India Multi Cap 489
Axis Arbitrage 604 Bandhan Multi Cap 483 DSP Corporate Bond 897 Franklin India Opportunities 344
Axis Balanced Advantage 628 Bandhan Overnight 848 DSP Credit Risk 915 Franklin India Overnight 853
Axis Banking & PSU Debt 925 Bandhan Retirement 522 DSP Dynamic Asset Allocation 635 Franklin India Pension 557
Axis Bluechip 2 Bandhan Small Cap 182 DSP ELSS Tax Saver 235 Franklin India Prima 158
Axis Business Cycles 329 Bandhan Sterling Value 209 DSP Equity Opportunities 46 Franklin India Smaller Companies 188
Axis Children’s 519 Bandhan Transportation and Logistics 335 DSP Equity Savings 587 Franklin India Technology 314
Axis Conservative Hybrid 562 Bandhan Ultra Short Term 767 DSP Flexi Cap 86 Franklin India Ultra Short Duration 772
Axis Consumption 426 Bandhan US Equity FoF 449 DSP Floater 945 Templeton India Equity Income 408
Axis Corporate Bond 893 Bank of India Balanced Advantage 632 DSP Focus 87 Templeton India Value 226
Axis Credit Risk 911 Bank of India Bluechip 5 DSP Gilt 959 Groww Large Cap 11
Axis Dynamic Bond 877 Bank of India Business Cycle 336 DSP Global Clean Energy Fund of Fund 450 Groww Liquid 801
Axis ELSS Tax Saver 230 Bank of India Credit Risk 913 DSP Global Innovation FoF 451 HDFC Arbitrage 610
Axis Equity Savings 584 Bank of India ELSS Tax Saver 232 DSP Healthcare 300 HDFC Asset Allocator FoF 673
Axis ESG Integration Strategy 510 Bank of India Flexi Cap 81 DSP India T.I.G.E.R. 285 HDFC Balanced Advantage 639
Axis Flexi Cap 76 Bank of India Large & Mid Cap Equity 43 DSP Liquidity 798 HDFC Banking & Financial Services 266
Axis Floater 943 Bank of India Liquid 795 DSP Low Duration 750 HDFC Banking and PSU Debt 932
Axis Focused 77 Bank of India Manufacturing & Infra 283 DSP Midcap 156 HDFC Business Cycle 345
Axis Gilt 955 Bank of India Mid & Small Cap Eqt & Debt 523 DSP Multi Asset Allocation 671 HDFC Capital Builder Value 213
Axis Global Equity Alpha FoF 445 Bank of India Multi Asset Allocation 669 DSP Multicap 487 HDFC Children’s 530
Axis Global Innovation FoF 446 Bank of India Multi Cap 484 DSP Natural Resources and New Energy 416 HDFC Corporate Bond 899
Axis Gold 979 Bank of India Small Cap 183 DSP Overnight 851 HDFC Credit Risk Debt 916

SCOREBOARD Index
HDFC Defence 346 ICICI Pru Bond 706 Invesco India Mid Cap 162 LIC MF Banking & Financial Services 272
HDFC Developed World Indexes FoF 461 ICICI Pru BSE 500 ETF FOF 98 Invesco India Money Market 835 LIC MF Banking & PSU 936
HDFC Dividend Yield 402 ICICI Pru Business Cycle 352 Invesco India Multicap 493 LIC MF Dividend Yield 404
HDFC Dynamic Debt 882 ICICI Pru Child Care Gift 534 Invesco India Overnight 858 LIC MF ELSS Tax Saver 245
HDFC ELSS Tax Saver 238 ICICI Pru Commodities 353 Invesco India PSU Equity 422 LIC MF Flexi Cap 112
HDFC Equity Savings 590 ICICI Pru Constant Maturity Gilt 975 Invesco India Short Duration Term 734 LIC MF Focused 113
HDFC Flexi Cap 92 ICICI Pru Corporate Bond 901 Invesco India Smallcap 192 LIC MF Infrastructure 292
HDFC Floating Rate Debt 947 ICICI Pru Credit Risk 918 Invesco India Technology 317 LIC MF Large & Mid Cap 56
HDFC Focused 30 93 ICICI Pru Debt Management (FOF) 707 Invesco India Ultra Short Duration 776 LIC MF Large Cap 22
HDFC Gilt 962 ICICI Pru Dividend Yield Equity 403 ITI Balanced Advantage 644 LIC MF Liquid 808
HDFC Gold ETF FoF 981 ICICI Pru ELSS Tax Saver 240 ITI Banking and Financial Services 270 LIC MF Low Duration 757
HDFC Housing Opportunities 347 ICICI Pru Energy Opportunities 417 ITI ELSS Tax Saver 242 LIC MF Manufacturing 368
HDFC Hybrid Debt 568 ICICI Pru Equity & Debt 535 ITI Flexi Cap 106 LIC MF Medium to Long Duration 709
HDFC Hybrid Equity 531 ICICI Pru Equity Arbitrage 612 ITI Focused Equity 107 LIC MF Midcap 166
HDFC Income 705 ICICI Pru Equity Savings 592 ITI Large & Mid Cap 54 LIC MF Multi Cap 496
HDFC Infrastructure 287 ICICI Pru ESG Exclusionary Strategy 511 ITI Large Cap 19 LIC MF Overnight 861
HDFC Large and Mid Cap 49 ICICI Pru Exports & Services 354 ITI Mid Cap 163 LIC MF Short Duration 737
HDFC Liquid 802 ICICI Pru Flexicap 99 ITI Multi Cap 494 LIC MF Small Cap 196
HDFC Long Duration Debt 696 ICICI Pru Floating Interest 948 ITI Pharma and Healthcare 303 LIC MF ULIS 541
HDFC Low Duration 751 ICICI Pru FMCG 355 ITI Small Cap 193 LIC MF Ultra Short Duration 779
HDFC Manufacturing 348 ICICI Pru Focused Equity 100 ITI Ultra Short Duration 777 LIC MF Value 220
HDFC Medium Term Debt 717 ICICI Pru Gilt 964 ITI Value 217 Mahindra Manulife Aggressive Hybrid 542
HDFC Mid-Cap Opportunities 159 ICICI Pru Global Advantage (FOF) 462 JM Aggressive Hybrid 538 Mahindra Manulife Balanced Advantage 647
HDFC MNC 411 ICICI Pru Global Stable Equity (FOF) 463 JM Arbitrage 614 Mahindra Manulife Business Cycle 369
HDFC Money Market 832 ICICI Pru Housing Opportunities 356 JM ELSS Tax Saver 243 Mahindra Manulife Consumption 433
HDFC Multi Asset 674 ICICI Pru Income Optimizer (FOF) 571 JM Flexicap 108 Mahindra Manulife ELSS Tax Saver 246
HDFC Multi Cap 490 ICICI Pru India Equity FOF 101 JM Focused 109 Mahindra Manulife Equity Savings 595
HDFC Non-Cyclical Consumer 429 ICICI Pru India Opportunities 357 JM Large Cap 20 Mahindra Manulife Flexi Cap 114
HDFC Overnight 854 ICICI Pru Infrastructure 289 JM Liquid 806 Mahindra Manulife Focused 115
HDFC Pharma And Healthcare 301 ICICI Pru Innovation 358 JM Low Duration 755 Mahindra Manulife Large & Mid Cap 57
HDFC Retirement Savings Equity 94 ICICI Pru Large & Mid Cap 52 JM Midcap 164 Mahindra Manulife Large Cap 23
HDFC Retirement Savings Hybrid Debt 569 ICICI Pru Liquid 804 JM Overnight 859 Mahindra Manulife Liquid 809
HDFC Retirement Savings Hybrid Equity 532 ICICI Pru Long Term Bond 697 JM Short Duration 735 Mahindra Manulife Low Duration 758
HDFC Short Term Debt 731 ICICI Pru Manufacturing 359 JM Small Cap 194 Mahindra Manulife Manufacturing 370
HDFC Silver ETF FoF 991 ICICI Pru Medium Term Bond 719 JM Value 218 Mahindra Manulife Mid Cap 167
HDFC Small Cap 189 ICICI Pru Midcap 161 Kotak Balanced Advantage 645 Mahindra Manulife Multi Asset Allocation 681
HDFC Technology 315 ICICI Pru MNC 412 Kotak Banking & Financial Services 271 Mahindra Manulife Multi Cap 497
HDFC Top 100 12 ICICI Pru Money Market 834 Kotak Banking & PSU Debt 935 Mahindra Manulife Overnight 862
HDFC Transportation and Logistics 349 ICICI Pru Multi Asset 677 Kotak Bluechip 21 Mahindra Manulife Small Cap 197
HDFC Ultra Short Term 773 ICICI Pru Multicap 492 Kotak Bond 708 Mahindra Manulife Ultra Short Duration 780
Helios Balanced Advantage 640 ICICI Pru Nifty 100 Low Vol 30 ETF FOF 16 Kotak Bond Short-term 736 Mirae Asset Aggressive Hybrid 543
Helios Financial Services 267 ICICI Pru Nifty Alpha Low-Vol 30 ETF FOF 17 Kotak Business Cycle 363 Mirae Asset Arbitrage 617
Helios Flexi Cap 95 ICICI Pru Overnight 857 Kotak Consumption 432 Mirae Asset Balanced Advantage 648
Helios Large & Mid Cap 50 ICICI Pru Passive Multi-Asset FoF 678 Kotak Corporate Bond 903 Mirae Asset Banking and Fin Srvcs 273
Helios Overnight 855 ICICI Pru Passive Strategy (FOF) 102 Kotak Credit Risk 920 Mirae Asset Dynamic Bond 887
HSBC Aggressive Hybrid 533 ICICI Pru Pharma Healthcare and Diagnost 302 Kotak Debt Hybrid 573 Mirae Asset ELSS Tax Saver 247
HSBC Arbitrage 611 ICICI Pru PSU Equity 421 Kotak Dynamic Bond 886 Mirae Asset Equity Allocator FoF 24
HSBC Balanced Advantage 641 ICICI Pru Regular Gold Savings (FOF) 982 Kotak ELSS Tax Saver 244 Mirae Asset Equity Savings 596
HSBC Banking and PSU Debt 933 ICICI Pru Regular Savings 572 Kotak Emerging Equity 165 Mirae Asset Flexi Cap 116
HSBC Business Cycles 350 ICICI Pru Retirement Hybrid Aggressive 536 Kotak Equity Arbitrage 615 Mirae Asset Focused 117
HSBC Conservative Hybrid 570 ICICI Pru Retirement Pure Debt 885 Kotak Equity Hybrid 539 Mirae Asset Great Consumer 434
HSBC Consumption 430 ICICI Pru Retirement Pure Equity 103 Kotak Equity Opportunities 55 Mirae Asset Healthcare 305
HSBC Corporate Bond 900 ICICI Pru Savings 753 Kotak Equity Savings 594 Mirae Asset Large & Midcap 58
HSBC Credit Risk 917 ICICI Pru Short Term 733 Kotak ESG Exclusionary Strategy 513 Mirae Asset Large Cap 25
HSBC Dynamic Bond 883 ICICI Pru Silver ETF FoF 992 Kotak Flexicap 110 Mirae Asset Liquid 810
HSBC ELSS Tax Saver 239 ICICI Pru Smallcap 191 Kotak Floating Rate 949 Mirae Asset Low Duration 759
HSBC Equity Savings 591 ICICI Pru Technology 316 Kotak Focused Equity 111 Mirae Asset Midcap 168
HSBC Flexi Cap 96 ICICI Pru Thematic Advantage (FOF) 360 Kotak Gilt Investment 966 Mirae Asset Money Market 837
HSBC Focused 97 ICICI Pru Transportation and Logistics 361 Kotak Global Innovation FoF 467 Mirae Asset Multi Asset Allocation 682
HSBC Gilt 963 ICICI Pru Ultra Short Term 775 Kotak Gold 983 Mirae Asset Multicap 498
HSBC India Export Opportunities 351 ICICI Pru US Bluechip Equity 464 Kotak Healthcare 304 Mirae Asset Nfty MidSC400 MomQlty 100ETF 371
HSBC Infrastructure 288 ICICI Pru Value Discovery 215 Kotak India EQ Contra 219 Mirae Asset Nfty SC250 M Qlty100 ETF FoF 372
HSBC Large and Mid Cap 51 Invesco India Aggressive Hybrid 537 Kotak Infrastructure and Economic Reform 291 Mirae Asset Nifty 200 Alpha 30 ETF FoF 26
HSBC Large Cap 13 Invesco Ind-Invsco EQQQ NSDQ-100 ETF FoF 466 Kotak Liquid 807 Mirae Asset Nifty Ind Manftng ETF FoF 373
HSBC Liquid 803 Invesco India Arbitrage 613 Kotak Long Duration 698 Mirae Asset NYSE FANG+ ETF FoF 469
HSBC Low Duration 752 Invesco India Balanced Advantage 643 Kotak Low Duration 756 Mirae Asset Overnight 863
HSBC Medium Duration 718 Invesco India Contra 216 Kotak Manufacture in India 364 Mirae Asset S&P 500 Top 50 ETF FoF 470
HSBC Midcap 160 Invesco India Corporate Bond 902 Kotak Medium Term 721 Mirae Asset Short Duration 738
HSBC Money Market 833 Invesco India Credit Risk 919 Kotak MNC 413 Mirae Asset Ultra Short Duration 781
HSBC Multi Asset Allocation 675 Invesco India ELSS Tax Saver 241 Kotak Money Market 836 Mirae Asset X Arti Int & Tech ETF FoF 471
HSBC Multi Cap 491 Invesco India Equity Savings 593 Kotak Multi Asset Allocation 679 Motilal Oswal Balance Advantage 649
HSBC Overnight 856 Invesco India ESG Integration Strategy 512 Kotak Multi Asset Allocator FoF-Dynamic 680 Motilal Oswal Business Cycle 374
HSBC Short Duration 732 Invesco India Financial Services 269 Kotak Multicap 495 Motilal Oswal ELSS Tax Saver 248
HSBC Small Cap 190 Invesco India Flexi Cap 104 Kotak Nasdaq 100 FOF 468 Motilal Oswal Flexi Cap 118
HSBC Ultra Short Duration 774 Invesco India Focused 105 Kotak Overnight 860 Motilal Oswal Focused 119
HSBC Value 214 Invesco India Gilt 965 Kotak Pioneer 365 Motilal Oswal Gold and Silver ETFs FoF 984
ICICI Prudential All Seasons Bond 884 Invesco India Global Consumer Trends 465 Kotak Quant 366 Motilal Oswal Large and Midcap 59
ICICI Pru Asset Allocator (FOF) 676 Invesco India Infrastructure 290 Kotak Savings 778 Motilal Oswal Large Cap 27
ICICI Pru Balanced Advantage 642 Invesco India Large & Mid Cap 53 Kotak Small Cap 195 Motilal Oswal Liquid 811
ICICI Pru Banking & Financial Services 268 Invesco India Largecap 18 Kotak Special Opportunities 367 Motilal Oswal Manufacturing 375
ICICI Pru Banking & PSU Debt 934 Invesco India Liquid 805 Kotak Technology 318 Motilal Oswal Midcap 169
ICICI Pru Bharat 22 FOF 14 Invesco India Low Duration 754 LIC MF Aggressive Hybrid 540 Motilal Oswal Multi Cap 499
ICICI Pru Bharat Consumption 431 Invesco India Manufacturing 362 LIC MF Arbitrage 616 Motilal Oswal Nasdaq 100 FOF 472
ICICI Pru Bluechip 15 Invesco India Medium Duration 720 LIC MF Balanced Advantage 646 Motilal Oswal Quant 376

Motilal Oswal Small Cap 198 Quant Dynamic Asset Allocation 654 SBI Silver ETF FoF 994 Union Corporate Bond 908
Motilal Oswal Ultra Short Term 782 Quant ELSS Tax Saver Fund 253 SBI Small Cap 202 Union ELSS Tax Saver 259
Navi Aggressive Hybrid 544 Quant ESG Equity 514 SBI Technology Opportunities 320 Union Equity Savings 601
Navi Flexi Cap 120 Quant Flexi Cap 129 Shriram Flexi Cap 135 Union Flexi Cap 144
Navi Large & Midcap 60 Quant Focused 31 Shriram Multi Asset Allocation 687 Union Focused 145
Navi NASDAQ 100 FoF 473 Quant Gilt 969 Shriram Overnight 868 Union Gilt 972
Navi US Total Stock Market FoF 474 Quant Healthcare 307 Sundaram Aggressive Hybrid 551 Union Innovation & Opportunities 396
Nippon India Arbitrage 618 Quant Infrastructure 294 Sundaram Arbitrage 622 Union Large & Midcap 67
Nippon Ind Nifty Next 50 Junior BeES FoF 28 Quant Large & Mid Cap 63 Sundaram Balanced Advantage 657 Union Largecap 36
Nippon India Asset Allocator FoF 683 Quant Large Cap 32 Sundaram Banking & PSU 939 Union Liquid 821
Nippon India Balanced Advantage 650 Quant Liquid 815 Sundaram Business Cycle 389 Union Midcap 177
Nippon India Banking & Financial Srvices 274 Quant Manufacturing 380 Sundaram Consumption 438 Union Money Market 843
Nippon India Banking & PSU Debt 937 Quant Mid Cap 172 Sundaram Corporate Bond 906 Union Multi Asset Allocation 690
Nippon India Consumption 435 Quant Momentum 381 Sundaram Dividend Yield 406 Union Multicap 507
Nippon India Corporate Bond 904 Quant Multi Asset 685 Sundaram ELSS Tax Saver 257 Union Overnight 872
Nippon India Credit Risk 921 Quant Overnight 866 Sundaram Equity Savings 599 Union Retirement 146
Nippon India Dynamic Bond 888 Quant PSU 423 Sundaram Financial Services Opp 277 Union Small Cap 205
Nippon India ELSS Tax Saver 249 Quant Quantamental 382 Sundaram Flexi Cap 136 Union Value 227
Nippon India Equity Hybrid 545 Quant Small Cap 201 Sundaram Focused 137 UTI Aggressive Hybrid 555
Nippon India Equity Savings 597 Quant Teck 319 Sundaram Global Brand 480 UTI Arbitrage 625
Nippon India Flexi Cap 121 Quant Value 222 Sundaram Infrastructure Advantage 296 UTI Balanced Advantage 660
Nippon India Floating Rate 950 Quantum Dynamic Bond 889 Sundaram Large & Midcap 65 UTI Banking & PSU 941
Nippon India Focused Equity 122 Quantum ELSS Tax Saver 254 Sundaram Large Cap 34 UTI Banking and Financial Services 279
Nippon India Gilt Securities 967 Quantum Equity FoF 130 Sundaram Liquid 818 UTI Children’s Equity 147
Nippon India Gold Savings 985 Quantum Gold Savings 986 Sundaram Low Duration 762 UTI Children’s Hybrid 558
Nippon India Growth 170 Quantum Liquid 816 Sundaram Midcap 174 UTI Conservative Hybrid 582
Nippon India Hybrid Bond 574 Quantum Long Term Equity Value 223 Sundaram Money Market 841 UTI Corporate Bond 909
Nippon India Income 710 Samco Active Momentum 383 Sundaram Multi Asset Allocation 688 UTI Credit Risk 923
Nippon India Innovation 377 Samco Dynamic Asset Allocation 655 Sundaram Multi Cap 505 UTI Dividend Yield 409
Nippon India Japan Equity 475 Samco ELSS Tax Saver 255 Sundaram Overnight 869 UTI Dynamic Bond 891
Nippon India Large Cap 29 Samco Flexi Cap 131 Sundaram Services 390 UTI ELSS Tax Saver 260
Nippon India Liquid 812 Samco Multi Cap 503 Sundaram Short Duration 741 UTI Equity Savings 602
Nippon India Low Duration 760 Samco Special Opportunities 384 Sundaram Small Cap 203 UTI Flexi Cap 148
Nippon India Money Market 838 SBI Arbitrage Opportunities 621 Sundaram Ultra Short Duration 786 UTI Floater 953
Nippon India Multi Asset Allocation 684 SBI Automotive Opportunities 385 Tata Arbitrage 623 UTI Focused 149
Nippon India Multi Cap 500 SBI Balanced Advantage 656 Tata Balanced Advantage 658 UTI Gilt 973
Nippon India Nivesh Lakshya 699 SBI Banking & Financial Services 276 Tata Banking & Financial Services 278 UTI Gilt Fund with 10Y Constant Duration 977
Nippon India Overnight 864 SBI Banking and PSU 938 Tata Business Cycle 391 UTI Gold ETF FoF 989
Nippon India Passive Flexicap FoF 123 SBI Bluechip 33 Tata Corporate Bond 907 UTI Healthcare 310
Nippon India Pharma 306 SBI Conservative Hybrid 577 Tata Digital India 321 UTI India Consumer 440
Nippon India Power & Infra 293 SBI Consumption Opportunities 437 Tata Dividend Yield 407 UTI Infrastructure 298
Nippon India Retirement Incm Generation 575 SBI Contra 224 Tata ELSS Tax Saver 258 UTI Innovation 397
Nippon India Retirement Wealth Creation 124 SBI Corporate Bond 905 Tata Equity PE 225 UTI Large & Mid Cap 68
Nippon India Short Term 739 SBI Credit Risk 922 Tata Equity Savings 600 UTI Large Cap 37
Nippon India Silver ETF FoF 993 SBI Dividend Yield 405 Tata Ethical 392 UTI Liquid 822
Nippon India Small Cap 199 SBI Dynamic Bond 890 Tata Flexi Cap 138 UTI Long Duration 701
Nippon India Strategic Debt 722 SBI Energy Opportunities 418 Tata Floating Rate 952 UTI Low Duration 764
Nippon India Taiwan Equity 476 SBI Equity Hybrid 548 Tata Focused Equity 139 UTI Medium to Long Duration 712
Nippon India Ultra Short Duration 783 SBI Equity Minimum Variance 386 Tata Gold ETF FoF 988 UTI Mid Cap 178
Nippon India US Equity Opportunities 477 SBI Equity Savings 598 Tata GSF 971 UTI MNC 415
Nippon India Value 221 SBI ESG Exclusionary Strategy 515 Tata Housing Opportunities 393 UTI Money Market 844
Nippon India Vision 61 SBI Flexicap 132 Tata Hybrid Equity 552 UTI Multi Asset Allocation 691
NJ Arbitrage 619 SBI Floating Rate Debt 951 Tata India Consumer 439 UTI Overnight 873
NJ Balanced Advantage 651 SBI Focused Equity 133 Tata India Pharma & Healthcare 309 UTI Retirement 559
NJ ELSS Tax Saver Scheme 250 SBI Gold 987 Tata Infrastructure 297 UTI Short Duration 744
NJ Flexi Cap 125 SBI Healthcare Opportunities 308 Tata Large & Midcap 66 UTI Small Cap 206
NJ Overnight 865 SBI Infrastructure 295 Tata Large Cap 35 UTI Transportation & Logistics 398
Old Bridge Focused Equity 126 SBI Innovative Opportunities 387 Tata Liquid 819 UTI Ultra Short Duration 788
PGIM India Balanced Advantage 653 SBI International Access-US Equity FoF 479 Tata Midcap Growth 175 UTI Unit Linked Insurance Plan 661
PGIM India ELSS Tax Saver 252 SBI Large & Midcap 64 Tata Money Market 842 UTI Value 228
PGIM India Flexi Cap 128 SBI Liquid 817 Tata Multi Asset Opportunities 689 WhiteOak Capital Arbitrage 626
PGIM India Gilt 968 SBI Long Duration 700 Tata Multicap 506 WhiteOak Capital Balanced Advantage 662
PGIM India Global Equity Opportunities 478 SBI Long Term Equity 256 Tata Overnight 870 WhiteOak Capital Balanced Hybrid 560
PGIM India Hybrid Equity 546 SBI Magnum Children’s Benefit Investment 549 Tata Resources & Energy 419 WhiteOak Capital Banking & Fin Srvices 280
PGIM India Large and Mid Cap 62 SBI Magnum Children’s Benefit Savings 578 Tata Retirement Savings Conservative 581 WhiteOak Capital Digital Bharat 322
PGIM India Large Cap 30 SBI Magnum COMMA 388 Tata Retirement Savings Moderate 553 WhiteOak Capital ELSS Tax Saver 261
PGIM India Liquid 814 SBI Magnum Constant Maturity 976 Tata Retirement Savings Progressive 140 WhiteOak Capital Flexi Cap 150
PGIM India Midcap Opportunities 171 SBI Magnum Gilt 970 Tata Short Term Bond 742 WhiteOak Capital Large & Mid Cap 69
PGIM India Money Market 839 SBI Magnum Global 414 Tata Small Cap 204 WhiteOak Capital Large Cap 38
PGIM India Multi Cap 501 SBI Magnum Income 711 Tata Treasury Advantage 763 WhiteOak Capital Liquid 823
PGIM India Small Cap 200 SBI Magnum Low Duration 761 Tata Ultra Short Term 787 WhiteOak Capital Mid Cap 179
PGIM India Ultra Short Duration 784 SBI Magnum Medium Duration 723 Tata Young Citizens 141 WhiteOak Capital Multi Asset Allocation 692
Parag Parikh Arbitrage 620 SBI Magnum Midcap 173 Taurus Ethical 394 WhiteOak Capital Multi Cap 508
Parag Parikh Conservative Hybrid 576 SBI Magnum Ultra Short Duration 785 Taurus Flexi Cap 142 WhiteOak Capital Pharma and Helthcr 311
Parag Parikh Dynamic Asset Allocation 652 SBI Multi Asset Allocation 686 Taurus Mid Cap 176 WhiteOak Capital Special Opportunities 399
Parag Parikh ELSS Tax Saver 251 SBI Multicap 504 TRUSTMF Banking & PSU 940 WhiteOak Capital Ultra Short Duration 789
Parag Parikh Flexi Cap 127 SBI Overnight 867 TRUSTMF Flexi Cap 143
Parag Parikh Liquid 813 SBI PSU 424 TRUSTMF Liquid 820
Quant Absolute 547 SBI Retirement Benefit Aggressive 134 TRUSTMF Overnight 871
Quant Active 502 SBI Retirement Benefit Aggressive Hybrid 550 TRUSTMF Short Duration 743
Quant BFSI 275 SBI Retirement Benefit Cons Hybrid 579 Union Aggressive Hybrid 554
Quant Business Cycle 378 SBI Retirement Benefit Conservative 580 Union Arbitrage 624
Quant Commodities 379 SBI Savings 840 Union Balanced Advantage 659
Quant Consumption 436 SBI Short Term Debt 740 Union Business Cycle 395

SCOREBOARD Index Funds
Tracking Portfolio Composition (%)
Launch Performance (%) Rank Error (%) Large Mid Small Cash & Risk Expense Assets
Fund name Date 1Y 3Y 1Y 3Y 1Y Cap Cap Cap Others Grade Ratio (%) (` cr) Fund Rating
EQUITY: LARGE CAP

ABSL Nifty 50 Equal Weight Index Jun '21 21.4 17.3 29 14 0.1 100 - - 0 Avg 0.40 320
ABSL Nifty 50 Index Jan '13 20.9 13.4 35 28 0.0 100 - - 0 +Avg 0.20 961
ABSL Nifty Next 50 Index Feb '22 47.6 - 5 - 0.1 100 - - 0 - 0.33 160 NR
Axis BSE Sensex Index Feb '24 - - - - 0.1 100 - - 0 - 0.20 45 NR
Axis Nifty 100 Index Oct '19 24.9 14.2 24 15 0.1 100 - - 0 +Avg 0.21 1,662
Axis Nifty 50 Index Dec '21 20.9 - 39 - 0.1 100 - - 0 - 0.12 548 NR
Axis Nifty Next 50 Index Jan '22 47.3 - 10 - 0.2 100 - - 0 - 0.25 287 NR
Bandhan Nifty 100 Index Feb '22 25.0 - 23 - 0.1 100 - - 0 - 0.09 148 NR
Bandhan Nifty 50 Index Jan '13 20.9 13.6 43 16 0.1 100 - - 0 Avg 0.10 1,565
Bandhan Nifty Alpha 50 Index Nov '23 41.1 - 14 - 0.8 61 38 - 0 - 0.34 296 NR
Bandhan Nifty100 Low Volatility 30 Index Oct '22 22.0 - 26 - 0.1 101 - - -1 - 0.35 1,283 NR
Bandhan Nifty200 Momentum 30 Index Sep '22 36.5 - 19 - 0.4 99 1 - 0 - 0.41 136 NR
Baroda BNP Paribas NIFTY 50 Index Jan '24 - - - - 0.2 100 - - 0 - 0.16 60 NR
Baroda BNP Paribas Nifty200 Momtm 30 Ind Oct '24 - - - - 0.2 98 1 - 0 - 0.40 27 NR
DSP Nifty 50 Equal Weight Index Oct '17 21.4 17.5 28 11 0.1 100 - - 0 Avg 0.38 1,887
DSP Nifty 50 Index Feb '19 21.0 13.5 34 22 0.1 100 - - 0 Avg 0.18 643
DSP Nifty Next 50 Index Feb '19 47.5 19.8 7 3 0.1 100 - - 0 High 0.28 838
DSP Nifty Top 10 Equal Wght Index Sep '24 - - - - 0.2 102 - - -2 - 0.25 860 NR
Edelweiss Nifty 50 Index Oct '21 20.8 13.3 48 31 0.1 100 - - 0 +Avg 0.05 110
Edelweiss Nifty Alpha Low Volatility 30 May '24 - - - - 0.2 98 2 - 0 - 0.30 98 NR
Edelweiss Nifty Next 50 Index Nov '22 47.6 - 1 - 0.2 100 - - 0 - 0.09 88 NR
Franklin India NSE Nifty 50 Index Jan '13 21.0 13.4 33 30 0.1 99 - - 1 Avg 0.26 700
HDFC BSE Sensex Index Jan '13 20.2 13.0 50 33 0.0 100 - - 0 +Avg 0.20 7,650
HDFC NIFTY 100 Equal Wght Index Feb '22 31.1 - 20 - 0.1 100 - - 0 - 0.40 319 NR
HDFC Nifty 100 Index Feb '22 24.7 - 25 - 0.1 100 - - 0 - 0.30 235 NR
HDFC Nifty 50 Index Jan '13 20.9 13.5 42 23 0.0 100 - - 0 +Avg 0.20 18,105
HDFC NIFTY Next 50 Index Nov '21 47.3 19.5 12 9 0.1 100 - - 0 High 0.30 1,713
HDFC NIFTY100 Low Volatility 30 Index Jul '24 - - - - 0.1 100 - - 0 - 0.40 353 NR
HDFC Nifty200 Momentum 30 Index Feb '24 - - - - 0.2 99 1 - 0 - 0.40 779 NR
HDFC NIFTY50 Equal Weight Index Aug '21 21.4 17.4 27 12 0.0 100 - - 0 Avg 0.40 1,402
HSBC Nifty 50 Index Apr '20 20.9 13.5 40 21 0.1 100 - - 0 Avg 0.20 288
HSBC Nifty Next 50 Index Apr '20 47.3 19.4 9 10 0.1 100 - - 0 High 0.35 130
ICICI Pru BSE Sensex Index Sep '17 20.3 12.9 49 34 0.1 100 - - 0 +Avg 0.19 1,711
ICICI Pru Nifty 200 Momentum 30 Index Aug '22 37.0 - 18 - 0.4 99 1 - 0 - 0.40 471 NR
ICICI Pru Nifty 50 Index Jan '13 20.9 13.5 45 24 0.0 100 - - 0 +Avg 0.18 11,563
ICICI Pru Nifty Next 50 Index Jan '13 47.6 19.7 4 8 0.1 100 - - 0 High 0.31 6,759
ICICI Pru Nifty50 Equal Weight Index Oct '22 21.2 - 30 - 0.1 100 - - 0 - 0.40 91 NR
Kotak Nifty 100 Low Volatility 30 Index Jun '24 - - - - 0.2 100 - - 0 - 0.32 71 NR
Kotak Nifty 200 Momentum 30 Index Jun '23 37.3 - 17 - 0.8 99 1 - 0 - 0.40 368 NR
Kotak Nifty 50 Index Jun '21 20.8 13.4 47 27 0.1 100 - - 0 Avg 0.15 736
Kotak Nifty Next 50 Index Mar '21 47.5 19.9 6 2 0.1 100 - - 0 +Avg 0.11 346
LIC MF BSE Sensex Index Jan '13 20.0 12.8 56 36 0.1 100 - - 0 +Avg 0.38 83
All data as of November 30, 2024. Portfolio-related data as of October 31, 2024. Risk Grade measures a fund’s downside volatility against a risk-free return. Based on underperformance, funds are rated: High (Top
10%), +Avg (Next 22.5%), Average (Middle 35%), -Avg (Next 22.5%), and Low (Bottom 10%).

LIC MF Nifty 50 Index Jan '13 20.9 13.4 44 29 0.1 100 - - 0 +Avg 0.18 319
LIC MF Nifty Next 50 Index Jan '13 47.3 19.7 11 5 0.2 100 - - 0 High 0.32 94
Mirae Asset Nifty 50 Index Oct '24 - - - - 0.1 100 - - 0 - 0.10 9 NR
Motilal Oswal BSE Low Volatility Mar '22 19.4 - 59 - - 81 19 - 0 - 0.43 100 NR
Motilal Oswal Nifty 200 Momentum 30 Feb '22 37.5 - 16 - 0.2 99 1 - 0 - 0.32 862 NR
Motilal Oswal Nifty 50 Index Dec '19 21.0 13.5 32 17 0.0 100 - - 0 Avg 0.15 570
Motilal Oswal Nifty Next 50 Index Dec '19 47.5 19.7 8 4 0.1 100 - - 0 High 0.35 297
Navi BSE Sensex Index Sep '23 20.2 - 54 - 0.1 100 - - 0 - 0.14 13 NR
Navi Nifty 50 Index Jul '21 20.9 13.5 38 18 0.0 100 - - 0 Avg 0.06 2,450
Navi Nifty Next 50 Index Jan '22 47.1 - 13 - 0.3 101 - - -1 - 0.12 675 NR
Nippon India Index BSE Sensex Jan '13 20.2 13.0 52 32 0.0 100 - - 0 +Avg 0.20 747
Nippon India Index Nifty 50 Jan '13 20.9 13.5 41 25 0.1 100 - - 0 Avg 0.07 2,003
Nippon India Nifty Alpha Low Vol 30 Aug '22 29.8 - 22 - 0.3 98 2 - 0 - 0.35 1,102 NR
SBI BSE Sensex Index May '23 20.2 - 51 - 0.0 100 - - 0 - 0.19 226 NR
SBI Nifty Index Jan '13 20.9 13.5 36 20 0.0 100 - - 0 +Avg 0.20 8,465
SBI Nifty Next 50 Index May '21 47.6 19.7 3 7 0.1 100 - - 0 High 0.33 1,395
SBI Nifty50 Equal Weight Index Jan '24 - - - - 0.0 100 - - 0 - 0.52 1,067 NR
Sundaram Nifty 100 Equal Weight Jan '13 30.9 17.4 21 13 0.7 99 - - 1 +Avg 0.57 95
Tata BSE Sensex Index Jan '13 20.1 12.9 55 35 0.1 100 - - 0 +Avg 0.26 364
Tata Nifty 50 Index Jan '13 20.8 13.4 46 26 0.1 100 - - 0 Avg 0.19 990
Tata Nifty200 Alpha 30 Index Sep '24 - - - - 0.2 97 3 - 0 - 0.34 174 NR
Taurus Nifty 50 Index Jan '13 19.8 12.8 57 37 0.3 99 - - 1 - 0.80 5 NR
UTI BSE Low Volatility Index Mar '22 19.5 - 58 - - 81 19 - 0 - 0.46 540 NR
UTI BSE Sensex Index Jan '22 20.2 - 53 - 0.0 100 - - 0 - 0.21 187 NR
UTI Nifty 50 Index Jan '13 20.9 13.5 37 19 0.0 100 - - 0 +Avg 0.18 19,626
UTI Nifty Next 50 Index Jun '18 47.6 19.7 2 6 0.1 100 - - 0 High 0.36 4,692
UTI Nifty200 Momentum 30 Index Mar '21 37.7 20.7 15 1 0.2 99 1 - 0 High 0.42 8,121
UTI NIFTY50 Equal Wght Index Jun '23 21.0 - 31 - 0.1 100 - - 0 - 0.60 91 NR
EQUITY: LARGE & MIDCAP
Edelweiss NIFTY Large Mid Cap 250 Index Dec '21 28.1 - 2 - 0.1 71 29 - 0 - 0.21 214 NR
HDFC Nifty LargeMidcap 250 Index Oct '24 - - - - 0.0 71 29 - 0 - 0.25 458 NR
ICICI Pru Nifty LargeMidcap 250 Index Mar '24 - - - - 0.1 71 29 - 0 - 0.29 170 NR
Mirae Asset Nifty LargeMidcap 250 Index Oct '24 - - - - 0.2 71 29 - 0 - 0.22 11 NR
Zerodha Nifty Large Midcap 250 Index - - - - - 71 29 - 0 - 0.27 652 NR
EQUITY: FLEXI CAP
Axis Nifty 500 Index Jul '24 - - - - 0.1 79 19 2 0 - 0.10 223 NR
Bandhan Nifty 500 Momentum 50 Index Oct '24 - - - - 0.1 77 17 - 6 - 0.35 12 NR
Bandhan Nifty Total Mkt Index Jul '24 - - - - 0.0 76 19 5 0 - 0.40 34 NR
Groww Nifty Total Market Index Oct '23 26.8 - 1 - 0.1 76 19 5 0 - 0.30 241 NR
HDFC BSE 500 Index Apr '23 26.0 - 3 - 0.2 80 18 2 0 - 0.30 184 NR
Mirae Asset Nifty Total Mkt Index Oct '24 - - - - 0.1 76 19 5 0 - 0.22 29 NR
Motilal Oswal Nifty 500 Index Sep '19 26.6 16.4 2 1 0.1 79 19 2 0 +Avg 0.20 2,022
Motilal Oswal Nifty 500 Momentum 50 Indx Sep '24 - - - - 0.1 82 19 - 0 - 0.30 402 NR

Nippon India Nifty 500 Momentum 50 Index Oct '24 - - - - 0.2 82 19 - 0 - 0.25 486 NR
SBI Nifty 500 Index Sep '24 - - - - 0.0 79 19 2 0 - 0.37 817 NR
EQUITY: MID CAP
ABSL Nifty Midcap 150 Index Apr '21 31.7 23.6 3 1 0.3 42 58 - 0 +Avg 0.44 285
Axis Nifty Midcap 50 Index Mar '22 28.6 - 10 - 0.2 62 38 - 0 - 0.25 398 NR
Bandhan Nifty Midcap 150 Index Sep '24 - - - - 0.1 42 58 - 0 - 0.21 19 NR
Edelweiss Nifty Midcap150 Momentum 50 Nov '22 39.4 - 1 - 0.5 70 30 - 0 - 0.46 709 NR
HDFC NIFTY Midcap 150 Index Apr '23 30.9 - 8 - 0.1 42 58 - 0 - 0.30 246 NR
ICICI Pru Nifty Midcap 150 Index Dec '21 30.9 - 9 - 0.1 42 58 - 0 - 0.30 566 NR
Kotak Nifty Midcap 150 Momentum 50 Index Oct '24 - - - - 0.2 70 30 - 0 - 0.28 48 NR
Kotak Nifty Midcap 50 Index Aug '24 - - - - 0.3 62 38 - 0 - 0.27 44 NR
Motilal Oswal Nifty Midcap 150 Sep '19 31.4 23.6 4 2 0.1 42 58 - 0 +Avg 0.30 1,894
Navi Nifty Midcap 150 Index Mar '22 31.1 - 5 - 0.2 42 58 - 0 - 0.22 209 NR
Nippon India Nifty Midcap150 Feb '21 31.1 23.3 7 3 0.1 43 57 - 0 +Avg 0.30 1,590
SBI Nifty Midcap 150 Index Oct '22 31.1 - 6 - 0.0 42 58 - 0 - 0.41 670 NR
Tata Nifty Midcap 150 Momentum 50 Index Oct '22 38.2 - 2 - 0.7 70 30 - 0 - 0.43 633 NR
EQUITY: SMALL CAP
ABSL Nifty Smallcap 50 Index Apr '21 37.2 20.9 2 4 0.4 - 97 3 0 High 0.46 243
Axis Nifty Smallcap 50 Index Mar '22 37.0 - 3 - 0.4 - 97 3 0 - 0.27 447 NR
Bandhan Nifty Smallcap 250 Index Dec '23 - - - - 0.2 - 83 17 0 - 0.20 44 NR
Edelweiss Nifty Smallcap 250 Index Nov '22 34.1 - 5 - 0.2 - 83 17 0 - 0.14 91 NR
Groww Nifty Smallcap 250 Index Feb '24 - - - - 0.2 - 83 17 0 - 0.45 91 NR
HDFC NIFTY Smallcap 250 Index Apr '23 33.4 - 9 - 0.2 - 83 17 0 - 0.30 348 NR
ICICI Pru Nifty Smallcap 250 Index Nov '21 33.5 23.9 8 2 0.1 - 83 17 0 High 0.33 424
Kotak Nifty Smallcap 50 Index Apr '23 37.0 - 4 - 0.4 - 97 3 0 - 0.25 108 NR
Motilal Oswal Nifty Microcap 250 Index Jul '23 39.6 - 1 - 0.3 - 15 85 0 - 0.44 1,667 NR
Motilal Oswal Nifty Smallcap 250 Index Sep '19 33.7 24.0 6 1 0.1 - 83 17 0 High 0.36 820
Nippon India Nifty Smallcap 250 Index Oct '20 33.4 23.8 10 3 0.3 - 83 17 0 High 0.35 1,883
SBI Nifty Smallcap 250 Index Oct '22 33.5 - 7 - 0.1 - 83 17 0 - 0.41 1,191 NR
EQUITY: VALUE ORIENTED
Axis Nifty500 Value 50 Index Oct '24 - - - - 0.2 72 24 4 0 - 0.19 76 NR
Bandhan Nifty 500 Value 50 Index Oct '24 - - - - 0.2 71 24 4 1 - 0.35 7 NR
ICICI Pru Nifty200 Value 30 Index Oct '24 - - - - 0.3 84 15 - 0 - 0.35 65 NR
ICICI Pru Nifty50 Value 20 Index Feb '24 - - - - 0.1 100 - - 0 - 0.30 79 NR
Motilal Oswal BSE Enhanced Value Aug '22 41.9 - 2 - 0.3 85 15 - 0 - 0.45 837 NR
Nippon India Nifty 50 Value 20 Index Feb '21 29.4 18.6 3 1 0.1 100 - - 0 High 0.25 865
UTI Nifty 500 Value 50 Index May '23 43.9 - 1 - 0.5 72 24 4 0 - 0.56 494 NR
EQUITY: ELSS
360 ONE ELSS Tax Saver Nifty 50 Index Dec '22 20.9 - 3 - 0.1 99 - - 1 - 0.27 75 NR
Navi ELSS Tax Saver Nifty 50 Index Mar '23 20.9 - 2 - 0.1 100 - - 0 - 0.10 70 NR
Zerodha ELSS Tax Saver Nifty LargeMidcap - - - - - 71 29 - 0 - 0.27 135 NR
EQUITY: SECTORAL-BANKING
Axis Nifty Bank Index May '24 - - - - 0.1 92 8 - 0 - 0.09 123 NR

Bandhan Nifty Bank Index Aug '24 - - - - 0.1 92 8 - 0 - 0.20 12 NR

DSP Nifty Bank Index May '24 - - - - 0.1 92 8 - 0 - 0.20 43 NR
ICICI Pru Nifty Bank Index Mar '22 17.8 - 2 - 0.1 92 8 - 0 - 0.20 497 NR
Kotak Nifty Finan Services Ex-Bank Index Aug '23 16.9 - 5 - 0.2 81 18 1 0 - 0.23 38 NR
Motilal Oswal BSE Fins ex Bank 30 Jul '22 17.5 - 4 - - 85 14 - 0 - 0.31 19 NR
Motilal Oswal Nifty Bank Index Sep '19 17.7 14.0 3 1 0.1 92 8 - 0 +Avg 0.33 608
Navi Nifty Bank Index Feb '22 17.8 - 1 - 0.1 93 8 - -1 - 0.10 512 NR
Nippon India Nifty Bank Index Feb '24 - - - - 0.2 92 8 - 0 - 0.20 128 NR
Tata Nifty Financial Services Index Apr '24 - - - - 0.1 99 1 - 0 - 0.46 44 NR
UTI Nifty Private Bank Index Sep '24 - - - - 0.1 89 10 1 0 - 0.43 148 NR
EQUITY: SECTORAL-INFRASTRUCTURE
Tata Nifty500 Multicap Infra 50:30:20 Apr '24 - - - - 0.4 69 30 1 0 - 0.46 79 NR
EQUITY: SECTORAL-PHARMA
Bandhan BSE Healthcare Index Sep '24 - - - - 0.1 61 32 7 0 - 0.22 18 NR
Edelweiss MSCI Ind Domstic & World HC 45 Oct '20 30.9 15.8 2 1 2.0 84 16 - 0 Avg 0.50 157
ICICI Pru Nifty Pharma Index Dec '22 36.6 - 1 - 0.1 81 20 - 0 - 0.35 79 NR
Tata Nifty MidSmall Healthcare Index Apr '24 - - - - 0.2 40 59 1 0 - 0.48 121 NR
EQUITY: SECTORAL-TECHNOLOGY
Axis Nifty IT Index Jul '23 34.4 - 2 - 0.1 90 10 - 0 - 0.32 131 NR
Bandhan Nifty IT Index Aug '23 35.9 - 1 - 1.0 90 10 - 0 - 0.37 24 NR
ICICI Pru Nifty IT Index Aug '22 34.2 - 3 - 0.1 92 10 - -3 - 0.37 487 NR
Navi Nifty IT Index Mar '24 - - - - 0.1 90 10 - 0 - 0.22 13 NR
Nippon India Nifty IT Index Feb '24 - - - - 0.1 89 10 - 1 - 0.25 139 NR
EQUITY: THEMATIC
ABSL Nifty India Defence Index Aug '24 - - - - 0.2 64 25 11 0 - 0.31 331 NR
DSP Nifty Midcap 150 Quality 50 Index Aug '22 26.9 - 6 - 0.1 28 73 - -1 - 0.30 346 NR
DSP Nifty Smallcap250 Quality 50 Index Dec '23 - - - - 0.4 - 81 20 -1 - 0.31 181 NR
Edelweiss Nifty 100 Quality 30 Index Oct '21 23.6 16.0 8 1 0.1 99 1 - -1 - 0.30 122 NR
Edelweiss Nifty500 Multicap Momnt Qlty50 Oct '24 - - - - 0.3 72 25 1 1 - 0.40 132 NR
HDFC NIFTY Realty Index Mar '24 - - - - 0.2 74 22 4 0 - 0.40 110 NR
ICICI Pru Nifty Auto Index Oct '22 33.3 - 2 - 0.1 89 10 - 0 - 0.42 130 NR
Kotak BSE Housing Index Aug '23 28.5 - 5 - - 65 35 - 0 - 0.22 18 NR
Kotak Nifty India Tourism Index Sep '24 - - - - 0.1 66 23 11 0 - 0.33 20 NR
Motilal Oswal BSE Quality Index Aug '22 32.5 - 3 - 0.2 89 10 - 1 - 0.38 34 NR
Motilal Oswal Nifty India Defence Index Jul '24 - - - - 0.2 64 25 11 0 - 0.31 2,127 NR
Navi Nifty India Manufacturing Index Aug '22 36.7 - 1 - 0.2 84 16 - 0 - 0.22 50 NR
Tata Nifty Auto Index Apr '24 - - - - 0.3 90 10 - 0 - 0.46 75 NR
Tata Nifty Capital Markets Index Oct '24 - - - - - 15 85 - 0 - 0.34 92 NR
Tata Nifty India Tourism Index Jul '24 - - - - 0.2 66 23 11 0 - 0.34 253 NR
Tata Nifty Realty Index Apr '24 - - - - 1.2 74 22 4 0 - 0.43 52 NR
Tata Nifty500 Multicap Ind Manu 50:30:20 Apr '24 - - - - 0.2 65 35 0 0 - 0.48 121 NR
UTI BSE Housing Index Jun '23 28.6 - 4 - - 65 35 - 0 - 0.56 25 NR
UTI Nifty Midcap 150 Quality 50 Index Apr '22 26.8 - 7 - 0.1 28 72 - 0 - 0.43 246 NR

UTI Nifty200 Quality 30 Index Sep '24 - - - - 0.1 93 8 - -1 - 0.43 294 NR

EQUITY: THEMATIC-PSU
Kotak BSE PSU Index Jul '24 - - - - 0.2 87 12 1 0 - 0.38 71 NR
EQUITY: THEMATIC-CONSUMPTION
Groww Nifty Non-Cyclical Consumer Index May '24 - - - - 0.1 93 7 0 0 - 0.40 43 NR
SBI Nifty India Consumption Index Oct '24 - - - - 0.0 99 - - 1 - 0.40 362 NR
EQUITY: INTERNATIONAL
ICICI Pru NASDAQ 100 Index Oct '21 33.1 13.5 2 2 1.5 100 - 0 0 - 0.52 1,642 NR
Motilal Oswal S&P 500 Index Apr '20 34.1 13.9 1 1 - 98 0 - 2 - 0.62 3,532 NR
EQUITY: MULTI CAP
HDFC Nifty500 Multicap 50:25:25 Index Aug '24 - - - - 0.2 60 35 4 0 - 0.30 411 NR
Navi Nifty 500 Multicap 50:25:25 Index Aug '24 - - - - 0.3 60 35 4 1 - 0.25 17 NR
Nippon India Nifty 500 Equal Wght Index Sep '24 - - - - 0.4 28 57 15 0 - 0.35 407 NR

Launch Performance (%) Rank Error (%) Credit Quality Avg. Mat. Yield to Expense Assets
Fund name Date 1Y 3Y 1Y 3Y 1Y High Medium Low (Years) Maturity Ratio (%) (` cr) Fund Rating
DEBT: SHORT DURATION

Edelweiss CRISIL IBX 50:50 Gilt+SDL SD Feb '23 8.6 - 1 - 0.4 100 - - 3 6.9 0.20 154
DEBT: TARGET MATURITY
ABSL CRISIL IBX 50:50 Gilt+SDL Apr 2028 Oct '22 8.9 - 38 - 0.4 100 - - - - 0.20 404 NR
ABSL CRISIL IBX Gilt Apr 2028 Index Mar '23 8.2 - 66 - 0.1 100 - - - - 0.49 29 NR
ABSL CRISIL IBX Gilt -Apr 2029 Index Oct '22 9.4 - 22 - 0.3 100 - - - - 0.21 692 NR
ABSL CRISIL IBX Gilt April 2033 Index Dec '23 - - - - 0.3 100 - - - - 0.22 85 NR
ABSL CRISIL IBX Gilt June 2027 Index Jun '24 - - - - 0.3 100 - - - - 0.20 14 NR
ABSL CRISIL IBX Gilt-April 2026 Index Oct '22 7.8 - 78 - 0.2 100 - - 1 6.8 0.20 309 NR
ABSL CRISIL IBX SDL Jun 2032 Index Feb '23 10.5 - 10 - 1.1 100 - - - - 0.22 162 NR
ABSL CRISIL-IBX AAA NBFC-HFC Index-Dec25 Oct '24 - - - - 0.2 100 - - - - 0.10 293 NR
ABSL CRISIL-IBX AAA NBFC-HFC Index-Sep26 Oct '24 - - - - 0.3 100 - - - - 0.15 263 NR
ABSL CRSl IBX 60:40 SDL+AAA PSU-Apr 2027 Mar '22 8.4 - 61 - 0.3 100 - - - - 0.20 1,681 NR
ABSL IBX 60:40 SDL+ AAA PSU Apr 2026 Dec '22 7.9 - 76 - 0.3 100 - - 1 7.1 0.20 52 NR
ABSL IBX 60:40 SDL+AAA PSU-Apr 2025 Indx Mar '22 7.5 - 82 - 0.2 100 - - 0 7.1 0.20 180 NR
ABSL Nifty SDL Apr 2027 Index Jan '22 8.6 - 50 - 0.5 100 - - 2 7.0 0.20 4,142 NR
ABSL Nifty SDL Sep 2025 Index Sep '22 7.7 - 79 - 0.4 100 - - 1 6.8 0.19 70 NR
ABSL Nifty SDL Sep 2027 Index Mar '23 8.9 - 37 - 0.8 100 - - - - 0.20 40 NR
ABSL SDL + PSU Bond Sep 2026 60:40 Sep '21 8.2 5.5 69 5 0.4 100 - - 2 7.2 0.20 9,814 NR
Axis CRISIL IBX 50:50 Gilt+SDL Jun 2028 Jan '23 9.0 - 30 - 0.4 100 - - 3 7.0 0.20 71 NR
Axis CRISIL IBX 50:50 Gilt+SDL Sep 2027 Feb '23 8.7 - 46 - 0.2 100 - - 3 6.9 0.15 32 NR
Axis CRISIL IBX 7030 CPSE + SDL Apl 2025 Jan '22 7.6 - 81 - 0.4 100 - - 0 7.3 0.16 512 NR
Axis CRISIL IBX SDL June 2034 Debt Index Mar '24 - - - - 1.1 100 - - 9 7.2 0.20 29 NR
Axis CRISIL IBX SDL May 2027 Index Feb '22 8.9 - 35 - 0.5 100 - - 2 7.0 0.16 2,226 NR
Axis CRISIL-IBX AAA Bond NBFC-Jun27 Indx Sep '24 - - - - 0.3 100 - - 2 7.8 0.17 556 NR

Axis Nifty SDL September 2026 Debt Index Nov '22 8.4 - 59 - 0.6 100 - - 2 7.0 0.17 75 NR
Bandhan CRISIL IBX 90:10 SDL+Gilt Apr 32 Nov '22 10.6 - 7 - 3.4 100 - - 7 7.2 0.08 544 NR
Bandhan CRISIL IBX 90:10 SDL+Gilt Nov 26 Nov '22 8.5 - 58 - 1.0 100 - - 2 7.0 0.08 114 NR
Bandhan CRISIL IBX 90:10 SDL+Gilt Sep 27 Nov '22 8.9 - 36 - 0.4 100 - - 3 7.0 0.08 151 NR
Bandhan Crisil IBX Gilt April 2026 Index Oct '22 7.9 - 77 - 0.1 100 - - 1 6.8 0.16 486 NR
Bandhan CRISIL IBX Gilt April 2028 Index Mar '21 8.6 5.6 47 1 0.1 100 - - 3 6.8 0.19 4,748 NR
Bandhan Crisil IBX Gilt April 2032 Index Feb '23 10.2 - 14 - 0.3 100 - - 7 6.9 0.20 414 NR
Bandhan CRISIL IBX Gilt June 2027 Index Mar '21 8.5 5.5 54 4 0.2 100 - - 3 6.8 0.18 7,122 NR
Baroda BNP Paribas Nifty SDL Dec 2026 Jan '23 8.6 - 51 - 0.7 100 - - 2 6.9 0.19 114 NR
Baroda BNP Paribas NIFTY SDL Dec 2028 Mar '23 9.6 - 20 - 1.2 100 - - 4 7.0 0.19 32 NR
DSP CRISIL SDL+G-Sec Apr 2033 50:50 Indx Jan '23 10.6 - 8 - 0.5 100 - - 8 7.1 0.16 373 NR
DSP Nifty SDL Plus G-Sec Jun 2028 30:70 Mar '22 8.9 - 40 - 0.4 100 - - 3 6.9 0.16 2,213 NR
DSP Nifty SDL+G-Sec Sep 2027 50:50 Index Feb '23 8.7 - 44 - 0.5 100 - - 3 6.9 0.16 92 NR
Edelweiss CRISIL IBX 50:50 Gilt+SDL 2027 Oct '22 8.6 - 48 - - 100 - - 3 6.9 0.20 95 NR
Edelweiss CRISIL IBX 50:50 Gilt+SDL 2028 Nov '22 9.1 - 26 - 0.5 100 - - 4 7.0 0.20 178 NR
Edelweiss CRISIL IBX 50:50 Gilt+SDL 2037 Oct '22 11.5 - 1 - - 100 - - 12 7.1 0.20 1,065 NR
Edelweiss CRISIL PSU+SDL 50:50 Oct 2025 Mar '22 7.7 - 80 - - 100 - - 1 7.2 0.21 821 NR
Edelweiss NIFTY PSU Bond+ Apr 2026 50:50 Mar '21 7.9 5.5 74 6 0.4 100 - - 1 7.3 0.20 8,509 NR
Edelweiss NIFTY PSU Bond+ Apr2027 50:50 Oct '21 8.5 5.6 52 2 0.5 100 - - 2 7.2 0.20 2,282 NR
HDFC NIFTY G-Sec Apr 2029 Index Mar '23 9.3 - 25 - 0.1 100 - - 4 - 0.20 164 NR
HDFC Nifty G-sec Dec 2026 Index Nov '22 8.2 - 70 - 0.4 100 - - 2 - 0.20 1,306 NR
HDFC Nifty G-Sec July 2031 Index Nov '22 10.0 - 16 - 0.6 100 - - 7 - 0.20 660 NR
HDFC Nifty G-Sec Jun 2027 Index Dec '22 8.5 - 56 - 0.2 100 - - 3 - 0.20 738 NR
HDFC NIFTY G-Sec Jun 2036 Index Mar '23 11.4 - 2 - 0.8 100 - - 11 - 0.20 804 NR
HDFC Nifty G-Sec Sep 2032 Index Dec '22 10.4 - 11 - 0.7 100 - - 8 - 0.20 598 NR
HDFC Nifty SDL Oct 2026 Index Feb '23 8.4 - 62 - 0.6 100 - - 2 - 0.20 191 NR
HDFC NIFTY SDL+G-Sec Jun 2027 40:60 Indx Mar '23 8.6 - 49 - 0.4 100 - - 2 - 0.20 48 NR
HSBC CRISIL IBX 50:50 Gilt+SDL Apr 2028 Mar '22 8.9 - 34 - 0.4 100 - - 3 7.0 0.23 1,884 NR
HSBC CRISIL IBX Gilt June 2027 Index Mar '23 8.5 - 57 - 0.2 100 - - 3 6.9 0.17 194 NR
ICICI Pru Nifty G-Sec Dec 2030 Index Oct '22 9.6 - 17 - 0.6 100 - - 6 6.9 0.20 946 NR
ICICI Pru Nifty SDL Dec 2028 Index Oct '22 9.6 - 18 - 1.2 100 - - 4 7.1 0.20 969 NR
ICICI Pru Nifty SDL Sep 2026 Index Dec '22 8.4 - 63 - 0.6 100 - - 2 7.0 0.19 266 NR
ICICI Pru Nifty SDL Sep 2027 Index Mar '22 9.0 - 31 - 0.8 100 - - 3 7.0 0.20 1,745 NR
ICICI Pru Nty PSU + SDL Sep 2027 40:60 Sep '21 8.8 5.6 43 3 0.6 100 - - 3 7.2 0.20 8,786 NR
Invesco India Nifty G-sec Jul 2027 Index Mar '23 8.5 - 53 - 0.2 100 - - 3 6.9 0.14 68 NR
Invesco India Nifty G-sec Sep 2032 Index Mar '23 10.3 - 13 - 0.2 100 - - 7 6.9 0.14 46 NR
Kotak CRISIL IBX AAA Fin Srv Ind-Sep2027 Sep '24 - - - - 0.4 100 - - 3 7.6 0.20 415 NR
Kotak Nifty AAA Bond Jun 2025 HTM Index Mar '24 - - - - 0.2 100 - - 1 7.5 0.15 20 NR
Kotak Nifty G-Sec July 2033 Index Oct '23 10.1 - 15 - 0.2 100 - - 8 6.9 0.14 18 NR
Kotak Nifty SDL Apr2027 Top12 Equal Wght Feb '22 8.8 - 42 - 0.7 100 - - 2 7.0 0.20 7,945 NR
Kotak Nifty SDL Apr2032 Top12 Equal Wght Feb '22 10.6 - 9 - 1.4 100 - - 7 7.2 0.20 2,904 NR
Kotak Nifty SDL Jul 2026 Index Dec '22 8.3 - 65 - 0.6 100 - - 2 7.0 0.20 121 NR

Kotak Nifty SDL Jul 2033 Index Feb '23 10.7 - 6 - 1.4 100 - - 8 7.2 0.22 206 NR
Kotak Nifty SDL+AAA PSU Bond 2028 60:40 Oct '22 9.0 - 29 - 0.7 100 - - 3 7.2 0.21 584 NR
Mirae Asset CRISIL IBX Gilt Indx-Apr2033 Oct '22 10.4 - 12 - 0.2 100 - - 8 7.0 0.11 250 NR
Mirae Asset Nifty AAA PSU Bond+SDL Apr26 Oct '22 8.0 - 73 - 0.3 100 - - 1 7.2 0.12 94 NR
Mirae Asset Nifty SDL June 2027 Index Mar '22 8.9 - 32 - 0.8 100 - - 2 7.0 0.19 760 NR
Mirae Asset Nifty SDL June 2028 Index Mar '23 9.4 - 24 - 1.1 100 - - 3 7.1 0.11 69 NR
Nippon Ind Nifty AAA Bnd+SDL-Apr27 60:40 Mar '22 8.4 - 64 - 0.3 100 - - 2 7.3 0.15 3,531 NR
Nippon Ind Nifty AAA PSU Bnd+SDL-Sep2026 Oct '22 8.1 - 71 - 0.3 100 - - 2 7.2 0.20 450 NR
Nippon India CRISIL IBX AAA Fin Sr-Dec26 Oct '24 - - - - - 100 - - - - 0.15 81 NR
Nippon India CRISIL IBX AAA Fin Sr-Jan28 Oct '24 - - - - - 100 - - - - 0.15 127 NR
Nippon India Nifty G-Sec Jun 2036 Mtrty Dec '22 11.3 - 3 - 0.7 100 - - 11 7.0 0.20 676 NR
Nippon India Nifty G-Sec Oct 2028 Mtrty Mar '23 8.7 - 45 - 0.3 100 - - 4 6.9 0.20 118 NR
Nippon India Nifty G-Sec Sep 2027 Mtrty Dec '22 8.5 - 55 - 0.2 100 - - 3 6.9 0.20 413 NR
Nippon India Nifty SDL+G-Sec-Jun 2028 Nov '22 9.1 - 28 - 0.6 100 - - 3 7.0 0.20 400 NR
Nippon India Nifty SDL+G-Sec-Jun 2029 Feb '23 9.6 - 19 - 1.0 100 - - 4 7.1 0.20 286 NR
PGIM India CRISIL IBX Gilt Apr 2028 Feb '23 8.4 - 60 - 0.1 100 - - 3 6.8 0.26 30 NR
SBI CPSE Bond Plus SDL Sep 2026 50:50 Jan '22 8.2 - 68 - 0.3 100 - - 2 7.2 0.22 9,804 NR
SBI CRISIL IBX Gilt Index-April 2029 Oct '22 9.4 - 23 - 0.3 100 - - 4 6.9 0.21 2,219 NR
SBI CRISIL IBX Gilt Index-June 2036 Oct '22 11.2 - 4 - 3.3 100 - - 11 7.0 0.28 2,400 NR
SBI CRISIL IBX SDL Index-September 2027 Oct '22 8.9 - 33 - - 100 - - 3 7.0 0.23 1,094 NR
Tata CRISIL-IBX Gilt Index-April 2026 Sep '22 7.9 - 75 - 0.2 100 - - 1 6.8 0.12 1,070 NR
Tata Nifty G-Sec Dec 2026 Index Jan '23 8.2 - 67 - 0.4 100 - - 2 6.8 0.14 108 NR
Tata Nifty G-Sec Dec 2029 Index Jan '23 9.5 - 21 - 0.3 100 - - 5 6.9 0.13 178 NR
Tata Nifty SDL+AAA PSU Bond Dec 27 60:40 Mar '22 8.8 - 41 - 0.7 100 - - 3 7.2 0.22 855 NR
UTI CRISIL SDL Maturity April 2033 Index Dec '22 10.9 - 5 - 3.6 100 - - 8 8.2 0.15 337 NR
UTI CRISIL SDL Maturity June 2027 Index Jan '23 8.9 - 39 - 0.6 100 - - 2 7.0 0.18 77 NR
UTI Nifty SDL+AAA PSU Bond Apr2026 75:25 Feb '23 8.1 - 72 - 0.4 100 - - 1 7.1 0.18 177 NR
UTI Nifty SDL+AAA PSU Bond Apr2028 75:25 Mar '23 9.1 - 27 - 0.8 100 - - 3 7.2 0.24 41 NR
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SCOREBOARD Exchange-traded funds (ETFs)
Avg. Performance (%) Tracking Portfolio Composition (%)
Premium/ 1Y 3Y Error Large Mid Small Cash & Expense
ETF Name NAV (`) Price (`) Discount NAV Price NAV Price 1Y (%) Cap Cap Cap Others Ratio (%) Assets (` cr) Liquidity
EQUITY: LARGE CAP

AABSL BSE Sensex ETF 78.94 78.84 0.06 20.4 20.6 13.2 13.1 0.0 100 - - 0 0.08 330 Low
ABSL Nifty 200 Momentum 30 ETF 34.67 34.71 0.21 37.4 37.7 - - 0.1 99 1 - 0 0.32 69 Moderate
ABSL Nifty 50 ETF 27.72 27.68 0.04 21.2 21.1 13.7 13.7 0.0 100 - - 0 0.06 2,761 High
ABSL Nifty Next 50 ETF 73.31 73.19 0.16 48.1 47.8 20.0 19.7 0.1 100 - - 0 0.17 61 Moderate
Axis BSE Sensex ETF 81.25 81.21 0.41 20.4 20.5 - - 0.0 100 - - 0 0.07 128 Low
Axis Nifty 50 ETF 261.88 262.20 0.05 21.1 21.2 13.7 13.5 0.0 100 - - 0 0.07 685 Moderate
Bajaj FinServ Nifty 50 ETF 243.55 243.77 0.14 - - - - 0.0 100 - - 0 0.07 196 Moderate
Bandhan BSE Sensex ETF 856.67 852.30 0.23 20.0 19.8 12.8 12.4 0.1 100 - - 0 0.38 1 Low
Bandhan Nifty 50 ETF 261.62 262.84 0.28 21.1 21.8 13.6 13.7 0.0 100 - - 0 0.09 26 Low
BHARAT 22 ETF 113.07 113.24 0.12 41.3 41.6 37.6 37.7 0.2 92 8 0 0 0.07 19,160 High
DSP BSE Sensex ETF 80.81 80.97 0.25 20.3 - - - 0.0 100 - - 0 0.22 8 Low
DSP NIFTY 50 Equal Weight ETF 307.62 308.41 0.16 21.7 22.5 17.6 17.4 0.0 100 - - 0 0.30 210 High
DSP Nifty 50 ETF 249.21 249.50 0.11 21.1 21.2 - - 0.0 100 - - 0 0.07 371 High
DSP Nifty Top 10 Equal Wght ETF 94.99 95.23 0.44 - - - - 0.1 100 - - 0 0.15 155 High
HDFC BSE Sensex ETF 88.85 88.69 -0.19 20.5 20.3 13.2 12.4 0.0 100 - - 0 0.05 450 Moderate
HDFC NIFTY 100 ETF 25.54 25.60 0.18 24.9 24.9 - - 0.0 100 - - 0 0.30 21 Moderate
HDFC Nifty 50 ETF 266.63 267.05 0.13 21.2 21.2 13.7 13.4 0.0 100 - - 0 0.05 3,950 High
HDFC NIFTY NEXT 50 ETF 71.40 71.43 0.18 47.8 47.5 - - 0.1 100 - - 0 0.15 59 Moderate
HDFC NIFTY100 Low Volatility 30 ETF 19.58 19.64 0.11 22.5 12.6 - - 0.1 100 - - 0 0.30 14 Low
HDFC Nifty200 Momentum 30 ETF 34.46 34.52 0.23 37.2 37.5 - - 0.2 99 1 - 0 0.30 78 High
ICICI Pru BSE Sensex ETF 900.20 900.10 0.15 20.5 20.4 13.2 13.1 0.0 100 - - 0 0.03 13,112 Moderate
ICICI Pru Nifty 100 ETF 27.65 27.63 -0.23 24.7 24.8 13.9 13.6 0.0 100 - - 0 0.48 102 Moderate
ICICI Pru Nifty 200 Momentum 30 ETF 34.89 34.94 0.20 37.4 37.7 - - 0.1 99 1 - 0 0.30 343 High
ICICI Pru Nifty 50 ETF 268.05 268.37 0.05 21.2 21.4 13.7 13.8 0.0 100 - - 0 0.03 20,870 High
ICICI Pru Nifty Alpha Low- Voltly 30 ETF 28.59 28.65 -0.20 30.0 30.5 18.7 18.5 0.1 98 2 - 0 0.40 1,557 High
ICICI Pru Nifty Next 50 ETF 73.57 73.75 0.18 48.0 48.6 20.0 19.7 0.1 100 - - 0 0.10 1,092 High
ICICI Pru Nifty100 Low Volatility 30 ETF 21.07 21.08 -0.19 22.4 22.2 15.4 15.3 0.1 100 - - 0 0.41 3,391 High
Invesco India Nifty 50 ETF 2715.45 2726.17 0.16 21.1 22.0 13.6 13.6 0.0 100 - - 0 0.10 89 Low
Kotak BSE Sensex ETF 86.10 85.21 0.28 20.2 19.4 13.0 12.4 0.0 100 - - 0 0.18 27 Low
Kotak Nifty 100 Low Volatility 30 ETF 19.96 20.01 0.24 22.7 23.8 - - 0.1 100 - - 0 0.09 154 Moderate
Kotak Nifty 50 ETF 262.44 263.04 0.09 21.2 21.7 13.6 13.7 0.0 100 - - 0 0.04 2,502 High
Kotak Nifty Alpha 50 ETF 53.94 54.13 0.24 42.8 43.4 - - 0.5 61 39 - 0 0.30 387 High
LIC MF BSE Sensex ETF 885.39 888.75 0.19 20.4 21.2 13.1 12.6 0.0 100 - - 0 0.10 829 Low
LIC MF Nifty 100 ETF 270.49 269.53 -0.26 24.9 26.1 14.1 14.4 0.0 100 - - 0 0.28 720 Low
LIC MF Nifty 50 ETF 265.54 266.05 -0.16 21.1 21.7 13.6 13.1 0.0 100 - - 0 0.06 834 Moderate
Mirae Asset BSE Sensex ETF 80.84 80.84 0.14 20.4 - - - 0.0 100 - - 0 0.05 15 Moderate
Mirae Asset Nifty 100 Low Vol 30 ETF 196.09 196.35 0.12 22.6 23.3 - - 0.0 100 - - 0 0.24 11 Moderate
Mirae Asset Nifty 200 Alpha 30 ETF 26.40 26.42 0.29 39.0 - - - 0.2 97 3 - 0 0.40 312 High
Mirae Asset Nifty 50 ETF 257.34 257.68 0.07 21.2 21.5 13.7 13.5 0.0 100 - - 0 0.04 3,651 High
Mirae Asset Nifty Next 50 ETF 719.16 719.67 0.08 48.0 48.2 19.9 19.5 0.1 100 - - 0 0.05 371 High
Motilal Oswal BSE Low Volatility ETF 36.34 36.43 0.15 20.2 20.5 - - - 81 19 - 0 0.37 85 Moderate
Motilal Oswal Nifty 200 Momentum 30 ETF 69.44 69.50 0.18 37.6 37.8 - - 0.1 99 1 - 0 0.30 107 High
Motilal Oswal Nifty 50 ETF 247.68 247.94 0.13 21.1 21.3 13.7 13.6 0.0 100 - - 0 0.06 47 Moderate

Nippon Ind ETF Nifty Next 50 Junior BeES 753.83 754.98 0.18 47.8 48.0 19.9 19.7 0.1 100 - - 0 0.17 5,332 High
Nippon India ETF BSE Sensex 900.37 901.10 0.12 20.5 20.9 13.2 13.1 0.0 100 - - 0 0.04 11,604 Moderate
Nippon India ETF BSE Sensex Next 50 85.90 86.07 0.14 38.4 39.0 21.3 21.0 0.1 90 10 - 0 0.23 43 Low
Nippon India ETF Nifty 100 262.93 262.46 0.16 24.6 24.5 13.9 13.6 0.0 100 - - 0 0.50 267 Moderate
Nippon India ETF Nifty 50 BeES 269.47 269.88 0.07 21.2 21.5 13.7 13.7 0.0 100 - - 0 0.04 34,392 High
Nippon India ETF Nifty 50 Shariah BeES 541.72 542.99 0.10 19.5 19.6 7.7 7.7 0.1 100 - - 0 0.96 27 Moderate
Quantum Nifty 50 ETF 2606.40 2610.00 0.07 21.1 21.2 13.7 13.7 0.0 100 - - 0 0.10 60 Moderate
SBI BSE 100 ETF 278.66 279.43 0.20 24.6 24.9 15.2 15.3 0.0 98 2 - 0 0.14 9 Low
SBI BSE Sensex ETF 873.01 872.20 0.13 20.5 20.2 13.2 13.0 0.0 100 - - 0 0.04 122,236 High
SBI BSE Sensex Next 50 ETF 878.50 880.65 0.16 38.6 39.0 21.6 21.6 0.1 90 10 - 0 0.12 20 Low
SBI Nifty 50 Equal Weight ETF 29.98 30.02 0.14 - - - - 0.0 100 - - 0 0.30 22 Moderate
SBI Nifty 50 ETF 254.73 254.98 0.06 21.2 21.4 13.7 13.7 0.0 100 - - 0 0.04 201,652 High
SBI Nifty Next 50 ETF 746.70 748.15 0.14 48.0 48.4 19.9 19.8 0.1 100 - - 0 0.15 2,934 High
Tata Nifty 50 ETF 257.71 257.18 0.14 21.1 21.0 13.7 13.1 0.0 100 - - 0 0.07 668 Moderate
UTI BSE Sensex ETF 867.60 868.76 0.24 20.5 20.8 13.2 13.0 0.0 100 - - 0 0.05 46,038 Moderate
UTI BSE Sensex Next 50 ETF 87.54 87.86 0.08 38.7 40.2 21.6 21.1 0.1 90 10 - 0 0.22 23 Low
UTI Nifty 50 ETF 262.23 262.32 0.08 21.2 21.2 13.7 13.5 0.0 100 - - 0 0.05 60,277 High
UTI Nifty Next 50 ETF 75.14 75.26 0.15 48.0 48.6 20.0 19.8 0.1 100 - - 0 0.15 2,404 High
Zerodha Nifty 100 ETF 10.33 10.32 0.18 - - - - 0.0 100 - - 0 0.22 25 Moderate
EQUITY: LARGE & MIDCAP
ICICI Pru BSE Midcap Select ETF 17.84 17.86 -0.22 36.0 36.4 19.6 19.4 - 67 33 - 0 0.15 77 Moderate
EQUITY: FLEXI CAP
HDFC BSE 500 ETF 36.23 36.28 0.48 26.5 28.2 - - 0.1 80 18 2 0 0.30 14 Moderate
ICICI Pru BSE 500 ETF 38.15 38.21 0.16 26.6 27.1 16.5 16.3 0.0 80 18 2 0 0.32 291 High
Motilal Oswal Nifty 500 ETF 22.88 22.77 0.19 26.9 - - - 0.0 79 19 2 0 0.21 83 Moderate
Motilal Oswal Nifty 500 Momentum 50 ETF 59.20 59.33 0.28 - - - - 0.1 81 19 - 0 0.40 45 High
EQUITY: MID CAP
HDFC NIFTY Midcap 150 ETF 21.03 21.05 0.16 31.4 31.2 - - 0.0 42 58 - 0 0.20 64 Moderate
ICICI Pru Nifty Midcap 150 ETF 21.45 21.48 -0.24 31.5 31.4 23.6 23.5 0.0 42 58 - 0 0.15 411 High
Kotak Nifty Midcap 50 ETF 159.34 159.76 0.25 29.2 29.7 - - 0.1 62 38 - 0 0.05 41 Moderate
LIC MF Nifty Midcap 100 ETF 56.42 58.09 0.08 - - - - 0.3 52 48 - 0 0.16 693 Moderate
Mirae Asset Nifty Midcap 150 ETF 21.17 21.18 0.03 31.5 31.6 - - 0.1 42 58 - 0 0.05 910 High
Motilal Oswal Nifty Midcap 100 ETF 60.37 60.44 0.18 32.1 32.3 24.6 24.3 0.3 52 48 - 0 0.22 534 High
Nippon India ETF Nifty Midcap 150 214.72 215.31 0.18 31.4 31.1 23.6 23.5 0.1 42 57 - 0 0.21 1,771 High
UTI Nifty Midcap 150 ETF 209.76 210.45 0.26 31.4 - - - 0.1 42 58 - 0 0.25 7 Low
Zerodha Nifty Midcap 150 ETF 10.33 10.34 0.18 - - - - 0.0 42 58 - 0 0.18 29 Moderate
EQUITY: SMALL CAP
HDFC NIFTY Smallcap 250 ETF 177.87 177.58 0.22 33.8 33.7 - - 0.1 - 83 17 0 0.20 635 High
Motilal Oswal Nifty Smallcap 250 ETF 17.73 17.76 0.20 - - - - 0.3 - 83 17 0 0.30 82 High
EQUITY: VALUE ORIENTED
HDFC NIFTY50 Value 20 ETF 141.52 141.88 0.28 29.7 29.6 - - 0.1 100 - - 0 0.15 32 Moderate
ICICI Pru Nifty200 Value 30 ETF 13.00 12.99 0.17 - - - - 0.1 84 15 - 0 0.30 7 Moderate
ICICI Pru Nifty50 Value 20 ETF 15.35 15.39 -0.23 29.5 29.7 18.7 18.5 0.1 100 - - 0 0.25 169 High
Kotak Nifty 50 Value 20 ETF 156.85 157.48 0.25 29.8 30.8 18.8 19.0 0.1 100 - - 0 0.14 71 Moderate

Motilal Oswal BSE Enhanced Value ETF 100.11 100.16 0.23 42.9 43.2 - - 0.1 85 15 - 0 0.30 133 High
Nippon India ETF Nifty 50 Value 20 157.49 157.75 0.18 29.4 29.9 18.6 18.5 0.1 100 - - 0 0.26 175 Moderate
EQUITY: SECTORAL-BANKING
ABSL Nifty Bank ETF 52.86 52.74 -0.01 17.8 17.6 14.2 14.1 0.1 92 8 - 0 0.17 2,665 High
Axis NIFTY Bank ETF 531.80 532.41 0.01 17.8 18.3 14.1 13.9 0.1 92 8 - 0 0.19 240 Moderate
Bajaj FinServ Nifty Bank ETF 52.39 52.41 0.16 - - - - 0.1 92 8 - 0 0.13 340 Moderate
Baroda BNP Paribas Nifty Bank ETF 52.01 52.30 0.12 - - - - 0.1 92 8 - 0 0.15 9 Moderate
DSP Nifty Bank ETF 52.78 52.70 0.11 17.8 17.3 - - 0.1 92 8 - 0 0.16 529 High
DSP Nifty Private Bank ETF 25.54 25.60 0.15 10.1 10.8 - - 0.1 89 10 1 0 0.15 234 High
DSP Nifty PSU Bank ETF 68.21 68.33 0.23 35.7 35.7 - - 0.1 90 10 - 0 0.45 47 Moderate
Edelweiss Nifty Bank ETF 52.01 51.87 0.19 - - - - 0.0 92 8 - 0 0.07 11 Moderate
HDFC NIFTY Bank ETF 53.08 53.05 -0.34 17.8 17.7 14.1 14.1 0.1 92 8 - 0 0.16 2,818 High
HDFC NIFTY Private Bank ETF 25.62 25.56 -0.24 10.1 9.9 - - 0.1 89 10 1 0 0.15 317 Moderate
HDFC Nifty PSU Bank ETF 68.48 68.58 0.15 - - - - 0.1 90 10 - 0 0.35 30 Moderate
ICICI Pru Nifty Bank ETF 52.93 53.01 0.02 17.9 17.9 14.2 14.3 0.1 92 8 - 0 0.15 2,921 High
ICICI Pru Nifty Fin Services Ex-Bank ETF 25.66 25.68 0.09 17.4 17.6 - - 0.0 81 18 1 0 0.20 91 Moderate
ICICI Pru Nifty Private Bank ETF 25.41 25.37 -0.27 10.1 9.8 12.2 12.1 0.1 89 10 1 0 0.15 2,474 High
ICICI Pru Nifty PSU Bank ETF 68.74 68.62 0.14 35.9 35.3 - - 0.2 90 10 - 0 0.40 84 High
Kotak Nifty Bank ETF 535.15 535.86 -0.02 17.8 16.2 14.1 14.1 0.1 92 8 - 0 0.15 5,258 High
Kotak Nifty PSU Bank ETF 679.67 679.10 0.09 35.5 34.9 39.5 39.2 0.1 90 10 - 0 0.49 1,396 High
Mirae Asset Nifty Bank ETF 524.81 525.45 0.08 17.9 - - - 0.1 92 8 - 0 0.09 214 High
Mirae Asset Nifty Financial Services ETF 24.60 24.58 -0.02 20.7 20.8 12.0 11.9 0.1 99 1 - 0 0.12 269 High
Mirae Asset Nifty PSU Bank ETF 68.10 68.16 0.01 - - - - 0.1 90 10 - 0 0.18 26 High
Nippon India ETF Nifty Bank BeES 534.25 533.60 0.03 17.8 17.6 14.1 14.1 0.1 92 8 - 0 0.19 7,323 High
Nippon India ETF Nifty PSU Bank BeES 75.82 75.63 0.09 35.5 35.0 39.5 39.3 0.1 90 10 - 0 0.49 2,482 High
SBI Nifty Bank ETF 529.79 528.95 0.02 17.8 17.5 14.1 14.1 0.1 92 8 - 0 0.20 4,433 High
SBI Nifty Private Bank ETF 256.84 257.07 0.18 10.1 10.3 12.1 12.1 0.1 89 10 1 0 0.15 165 Moderate
Tata Nifty Private Bank ETF 260.30 260.73 0.18 10.1 10.4 12.1 12.1 0.4 89 10 1 0 0.14 11 Low
UTI Nifty Bank ETF 53.31 53.43 0.03 17.9 17.9 14.2 14.3 0.1 92 8 - 0 0.16 3,474 High
EQUITY: SECTORAL-INFRASTRUCTURE
ICICI Pru Nifty Infrastructure ETF 89.41 89.25 0.15 33.0 32.5 - - 0.0 98 2 - 0 0.50 111 High
Nippon India ETF Nifty Infra BeES 902.93 903.99 0.18 32.2 32.4 20.6 20.7 0.1 97 2 - 0 1.04 160 High
EQUITY: SECTORAL-PHARMA
ABSL Nifty Healthcare ETF 14.44 14.43 0.05 38.5 39.0 18.0 17.9 0.6 85 15 1 0 0.22 41 Moderate
Axis NIFTY Healthcare ETF 143.16 143.26 0.06 37.6 38.0 17.6 18.9 0.0 85 15 1 0 0.34 20 Moderate
DSP Nifty Healthcare ETF 141.69 142.00 0.06 - - - - 0.0 85 15 1 0 0.21 11 Low
ICICI Pru Nifty Healthcare ETF 143.82 143.78 0.08 37.9 38.1 17.8 17.7 0.0 85 15 1 0 0.15 150 Moderate
Motilal Oswal BSE Healthcare ETF 44.04 44.11 0.17 44.1 47.9 - - 0.1 61 32 7 0 0.22 29 Moderate
Nippon India Nifty Pharma ETF 22.67 22.68 0.03 37.4 37.6 18.3 18.0 0.0 80 20 - 0 0.21 852 High
EQUITY: SECTORAL-TECHNOLOGY
ABSL Nifty IT ETF 45.26 45.22 0.10 34.4 34.5 9.0 8.7 0.1 89 10 - 1 0.21 49 Moderate
Axis NIFTY IT ETF 459.91 460.73 0.03 34.6 35.8 9.0 9.3 0.1 90 10 - 1 0.23 169 Moderate
DSP Nifty IT ETF 44.13 44.13 0.09 34.5 - - - 0.1 90 10 - 1 0.20 42 Moderate
HDFC NIFTY IT ETF 44.55 44.55 -0.31 34.7 34.8 - - 0.0 90 10 - 0 0.20 75 Moderate

ICICI Pru Nifty IT ETF 46.31 46.28 0.04 34.7 34.7 9.1 8.9 0.0 90 10 - 0 0.20 453 High
Kotak Nifty IT ETF 46.11 46.24 0.10 34.8 35.3 9.1 9.2 0.1 90 10 - 1 0.09 189 Moderate
Mirae Asset Nifty IT ETF 44.13 44.16 0.17 34.9 - - - 0.1 90 10 - 0 0.10 149 High
Nippon India ETF Nifty IT 46.37 46.46 0.02 34.6 35.1 9.0 8.9 0.1 90 10 - 1 0.22 2,391 High
SBI Nifty IT ETF 462.84 462.93 0.06 34.6 34.9 9.0 8.9 0.0 90 10 - 0 0.22 83 Moderate
Tata Nifty India Digital ETF 98.21 98.01 -0.06 39.8 38.9 - - 0.6 73 26 1 0 0.40 144 Moderate
UTI Nifty IT ETF 437.87 437.83 0.12 - - - - 0.1 90 10 - 1 0.19 6 Moderate
EQUITY: THEMATIC
ABSL Nifty 200 Quality 30 ETF 21.79 21.84 0.14 25.3 25.2 - - 0.2 92 8 - 0 0.30 53 Moderate
DSP Nifty Midcap 150 Quality 50 ETF 250.18 250.47 0.16 26.9 27.4 - - 0.1 28 72 - 0 0.30 97 Moderate
Edelweiss Nifty500 Multicap Momnt Qlty50 46.38 46.73 1.27 - - - - 0.3 72 25 1 1 0.19 8 Moderate
Groww Nifty EV & New Age Automotive ETF 30.50 30.56 0.35 - - - - 0.1 53 46 0 0 0.47 211 High
Groww Nifty India Defence ETF 67.05 66.95 0.32 - - - - 0.0 64 25 11 0 0.43 68 High
HDFC NIFTY Growth Sectors 15 ETF 122.16 122.12 0.20 18.8 19.0 - - 0.1 99 1 - 0 0.30 13 Moderate
HDFC NIFTY100 Quality 30 ETF 58.25 58.60 0.25 23.7 24.5 - - 0.1 99 1 - 0 0.30 16 Low
ICICI Pru Nifty 200 Quality 30 ETF 21.59 21.59 -0.15 25.1 25.0 - - 0.1 92 8 - 0 0.30 116 Moderate
ICICI Pru Nifty Auto ETF 23.86 23.91 -0.27 33.9 34.3 - - 0.1 90 10 - 0 0.20 109 High
ICICI Pru Nifty Commodities ETF 85.95 85.94 0.14 25.0 24.9 - - 0.0 94 6 - 0 0.30 35 Moderate
ICICI Pru Nifty FMCG ETF 60.86 60.98 -0.25 11.1 11.3 17.5 17.3 0.0 95 4 1 0 0.20 412 High
ICICI Pru Nifty Metal ETF 9.03 9.03 0.16 - - - - 0.1 79 21 - 0 0.40 74 High
ICICI Pru Nifty Oil & Gas ETF 11.15 11.15 0.27 - - - - 0.0 87 13 - 0 0.40 124 High
Mirae Asset Nfty MidSC400 MomQlty 100ETF 51.80 51.83 0.19 - - - - 0.1 37 60 2 0 0.40 269 High
Mirae Asset Nifty EV&New Age Automtv ETF 30.53 30.51 0.17 - - - - 0.0 53 46 0 0 0.45 148 High
Mirae Asset Nifty Ind Manufacturing ETF 142.59 142.74 0.06 36.9 36.8 - - 0.0 84 16 - 0 0.45 211 Moderate
Mirae Asset Nifty Metal ETF 9.03 9.02 0.06 - - - - 0.0 79 21 - 0 0.27 29 Moderate
Mirae Asset Nifty SC 250 Mom Qlty100 ETF 50.98 50.97 0.24 - - - - 0.2 1 89 10 0 0.39 390 High
Motilal Oswal BSE Quality ETF 191.46 191.81 0.28 32.9 33.2 - - 0.1 90 10 - 0 0.30 18 Low
Motilal Oswal Nifty India Defence ETF 73.44 73.38 0.18 - - - - 0.0 64 25 11 0 0.40 78 High
Motilal Oswal Nifty Realty ETF 101.99 102.10 0.17 - - - - 0.1 74 22 4 0 0.40 64 High
Nippon India ETF Nifty Dividend Opp 50 82.90 83.08 0.16 33.7 34.0 23.9 23.3 0.1 92 7 - 0 0.37 57 Moderate
Nippon India Nifty Auto ETF 238.46 239.02 0.11 33.8 34.0 - - 0.0 90 10 - 0 0.22 274 High
SBI Nifty 200 Quality 30 ETF 227.38 227.97 0.13 24.9 25.4 14.9 14.8 0.1 92 8 - 0 0.50 131 Moderate
EQUITY: THEMATIC-MNC
Kotak Nifty MNC ETF 29.25 29.28 0.38 28.0 28.1 - - 0.0 78 22 - 0 0.30 28 Moderate
EQUITY: THEMATIC-PSU
ABSL Nifty PSE ETF 10.21 10.23 0.21 - - - - 0.1 95 5 - 0 0.20 32 Moderate
CPSE ETF 91.65 91.63 0.03 57.1 57.1 46.1 46.1 0.1 94 6 - 0 0.07 39,989 High
EQUITY: THEMATIC-CONSUMPTION
Axis NIFTY India Consumption ETF 116.82 117.05 0.13 27.9 28.2 18.5 18.6 0.1 100 - - 0 0.38 14 Low
ICICI Pru Nifty India Consumption ETF 117.29 117.39 0.11 28.2 28.4 18.7 18.4 0.0 100 - - 0 0.20 53 Moderate
Kotak NIFTY India Consumption ETF 116.21 116.51 0.31 28.4 28.9 - - 0.1 100 - - 0 0.10 5 Low
Nippon India ETF Nifty India Consumption 126.29 126.46 0.14 28.1 28.3 18.6 18.1 0.0 100 - - 0 0.31 119 High
SBI Nifty Consumption ETF 116.96 117.12 0.10 28.2 28.5 18.6 18.3 0.0 100 - - 0 0.29 19 Moderate

EQUITY: INTERNATIONAL
Mirae Asset Hang Seng TECH ETF 15.79 18.54 7.40 14.1 32.1 - - - 89 10 - 1 0.61 315 High
Mirae Asset NYSE FANG+ ETF 103.48 111.44 4.20 51.7 61.7 21.5 23.9 2.7 100 - - 0 0.66 2,387 High
Mirae Asset S&P 500 Top 50 ETF 47.05 53.36 2.67 37.8 56.8 16.3 21.0 1.2 100 - - 0 0.65 750 High
Motilal Oswal NASDAQ 100 ETF 172.83 175.88 -0.07 33.1 35.4 12.9 13.5 1.1 100 - 0 0 0.58 8,223 High
Motilal Oswal Nasdaq Q50 ETF 74.61 74.40 0.79 37.1 37.5 - - - 97 0 - 2 0.47 45 Moderate
Nippon India ETF Hang Seng BeES 301.54 331.65 6.10 19.8 29.2 0.5 2.7 0.2 89 2 8 2 0.93 740 High
EQUITY: MULTI CAP
Mirae Asset Nifty500 Multicp 50:25:25ETF 15.91 15.97 0.09 - - - - 0.2 60 35 4 0 0.16 35 Moderate
EQUITY: THEMATIC-ESG
Mirae Asset Nfty100 ESG Sec Leaders ETF 40.81 40.86 -0.02 22.6 23.1 11.9 11.9 0.1 100 - - 0 0.41 125 Moderate

Premium/ 1Y 3Y Error Credit Quality Avg. Mat. Yield to Expense
ETF Name NAV (`) Price (`) Discount NAV Price NAV Price 1Y (%) High Medium Low (Years) Maturity Ratio (%) Assets (` cr) Liquidity
DEBT: LIQUID
Bajaj FinSrv Nifty 1D Rate Liquid ETF-Gr 1002.91 1003.11 0.03 - - - - 0.1 100 - - - - 0.19 6 High
DSP BSE Liquid Rate ETF 1043.55 1043.91 0.01 - - - - - 100 - - - - 0.30 2,360 High
DSP NIFTY 1D Rate Liquid ETF 1000.00 999.99 0.00 6.4 0.0 5.5 0.0 0.0 100 - - - - 0.30 762 High
Groww Nifty 1D Rate Liquid ETF 101.20 101.23 0.01 - - - - 0.0 100 - - 0 6.4 0.29 62 High
HDFC NIFTY 1D RATE LIQUID ETF 1000.00 1000.00 0.00 6.2 0.0 - - 0.0 100 - - 0 - 0.50 33 High
ICICI Pru BSE Liquid Rate ETF 1000.00 999.99 0.00 6.5 0.0 5.7 0.0 - 100 - - 0 6.3 0.25 2,771 High
Kotak Nifty 1D Rate Liquid ETF 1021.53 1021.71 0.00 6.5 2.2 - - 0.0 100 - - 0 6.3 0.19 622 High
Mirae Asset Nfty 1D Rate Liquid ETF-IDCW 1000.00 999.99 0.00 6.4 0.0 - - 0.0 100 - - 0 6.3 0.28 474 High
Mirae Asset Nifty 1D Rate Liquid ETF-Gr 1004.32 1004.50 0.01 - - - - 0.0 - - - - - 0.14 - High
Nippon India ETF Nifty 1DRate LiquidBeES 1000.00 999.99 0.00 6.0 0.0 5.1 0.0 0.0 99 - - 0 - 0.69 12,968 High
SBI NIFTY 1D Rate ETF 1000.17 1000.01 0.00 6.3 0.0 - - 0.0 100 - - - - 0.35 47 High
Shriram Nifty 1D Rate Liquid ETF 1025.25 1025.41 0.00 - - - - 0.0 100 - - 0 0.0 0.39 29 High
Zerodha Nifty 1D Rate Liquid ETF 105.63 105.67 0.01 - - - - 0.0 100 - - - - 0.26 2,735 High
DEBT: OVERNIGHT
ABSL CRISIL Liquid Overnight ETF 1000.00 1000.00 0.00 6.4 0.0 - - 0.0 100 - - - - 0.43 54 High
DEBT: GILT
ABSL CRISIL Broad Based Gilt ETF 103.89 103.83 0.19 - - - - 0.5 100 - - - - 0.19 43 Low
ICICI Pru Nifty 5 yr Benchmark G-SEC ETF 58.59 58.49 0.35 9.1 8.9 - - 0.1 100 - - 5 6.9 0.20 80 Low
LIC MF Nifty 8-13 yr G-Sec ETF 26.65 26.51 0.11 10.4 9.7 5.8 5.2 0.1 100 - - 9 7.0 0.16 2,422 Moderate
Mirae Asset Nifty 8-13 yr G-Sec ETF 27.43 27.40 0.19 10.4 10.7 - - 0.1 100 - - 9 7.0 0.10 86 Low
Motilal Oswal Nifty 5Y G-Sec ETF 58.10 58.19 -0.01 8.9 9.1 5.6 5.6 0.1 100 - - 4 6.8 0.24 96 Moderate
Nippon India ETF Nifty 5Y Benchmark GSec 58.53 58.54 0.05 9.2 9.3 5.8 5.8 0.1 100 - - 5 6.9 0.09 183 High
Nippon India ETF Nifty 8-13Y GS LT Gilt 27.07 27.02 0.11 10.4 10.0 5.8 5.7 0.1 100 - - 9 7.0 0.10 2,274 High
UTI Nifty 5 yr Benchmark G-Sec ETF 58.94 58.53 1.27 - - - - 0.3 100 - - - - 0.20 21 Moderate
DEBT: GILT WITH 10 YEAR CONSTANT DURATION
ABSL CRISIL 10 Year Gilt ETF 102.69 102.78 0.17 - - - - 0.3 100 - - - - 0.10 18 Moderate
ICICI Pru Nifty 10yr Benchmark G-Sec ETF 241.49 240.44 0.20 10.1 9.3 - - 0.9 100 - - 10 6.9 0.14 555 Low
SBI Nifty 10Y Benchmark G-Sec ETF 241.78 241.26 0.14 10.2 9.1 5.5 5.4 0.9 100 - - - - 0.14 3,091 Moderate

Premium/ 1Y 3Y Error Credit Quality Avg. Mat. Yield to Expense
ETF Name NAV (`) Price (`) Discount NAV Price NAV Price 1Y (%) High Medium Low (Years) Maturity Ratio (%) Assets (` cr) Liquidity
UTI Nifty 10 yr Benchmark G-Sec ETF 24.39 24.15 0.90 - - - - 1.1 100 - - - - 0.25 22 Moderate
COMMODITIES: GOLD
ABSL Gold ETF 68.10 68.21 0.22 21.2 21.2 15.7 16.0 0.3 - - - - - 0.54 972 High
Axis Gold ETF 64.77 64.54 0.25 21.6 20.9 15.8 15.7 4.6 - - - - - 0.55 1,197 High
Baroda BNP Paribas Gold ETF 75.43 75.55 0.19 - - - - 1.9 - - - - - 0.48 76 Low
DSP Gold ETF 75.41 75.45 0.23 21.1 20.9 - - 0.3 - - - - - 0.48 594 High
Edelweiss Gold ETF 77.93 78.00 0.17 21.2 20.7 - - 4.1 - - - - - 0.35 93 Moderate
Groww Gold ETF 76.42 76.31 0.06 - - - - 1.6 - - - - - 0.51 38 High
HDFC Gold ETF 66.30 66.32 0.27 21.8 21.4 15.7 15.9 5.1 - - - - - 0.59 6,615 High
ICICI Pru Gold ETF 66.32 66.37 0.34 21.3 21.3 15.7 15.8 2.0 - - - - - 0.50 5,531 High
Invesco India Gold ETF 6738.32 6734.70 0.09 21.5 21.5 15.8 16.0 8.4 - - - - - 0.55 141 Moderate
Kotak Gold ETF 64.76 64.64 0.22 21.3 21.0 15.7 15.5 1.9 - - - - - 0.55 5,319 High
LIC MF Gold ETF 6968.63 6962.00 0.01 21.7 21.5 16.2 16.4 10.0 - - - - - 0.41 172 Moderate
Mirae Asset Gold ETF 75.51 75.45 0.38 21.3 20.5 - - 1.7 - - - - - 0.34 459 High
Nippon India ETF Gold BeES 64.36 64.29 0.24 21.1 21.0 15.6 15.7 0.2 - - - - - 0.81 15,248 High
Quantum Gold 64.10 64.05 0.26 21.0 21.1 15.6 15.8 5.6 - - - - - 0.78 245 Moderate
SBI Gold ETF 66.33 66.29 0.34 21.2 21.0 15.6 15.9 2.0 - - - - - 0.65 5,978 High
Tata Gold ETF 7.54 7.55 0.74 - - - - 4.0 - - - - - 0.38 254 High
UTI Gold ETF 64.86 64.95 0.06 21.6 21.5 15.8 16.1 4.8 - - - - - 0.50 1,520 High
Zerodha Gold ETF 12.22 12.21 0.33 - - - - 0.4 - - - - - 0.31 100 Moderate
COMMODITIES: SILVER
ABSL Silver ETF 90.55 90.39 0.16 16.8 17.0 - - 0.6 - - - - - 0.35 507 High
Axis Silver ETF 90.23 90.38 0.14 17.2 17.4 - - 10.3 - - - - - 0.37 154 Moderate
DSP Silver ETF 87.49 87.25 0.18 16.6 16.3 - - 0.6 - - - - - 0.50 274 High
Edelweiss Silver ETF 91.06 91.09 0.22 16.6 - - - 5.0 - - - - - 0.39 91 Moderate
HDFC Silver ETF 87.24 87.22 0.26 13.7 17.4 - - 10.8 - - - - - 0.40 399 High
ICICI Pru Silver ETF 90.49 90.33 0.30 16.8 16.9 - - 4.5 - - - - - 0.40 4,137 High
Kotak Silver ETF 88.14 88.14 0.24 16.7 17.2 - - 4.4 - - - - - 0.45 808 Moderate
Mirae Asset Silver ETF 88.54 88.29 0.21 16.7 16.5 - - 4.0 - - - - - 0.39 91 Moderate
Nippon India Silver ETF 87.19 86.92 0.12 16.5 16.5 - - 1.8 - - - - - 0.56 5,076 High
SBI Silver ETF 89.04 88.97 0.20 - - - - 5.4 - - - - - 0.42 526 High
Tata Silver ETF 8.79 8.81 0.01 - - - - 5.7 - - - - - 0.45 117 High
UTI Silver ETF 88.07 87.97 0.24 15.1 16.2 - - 6.0 - - - - - 0.53 146 High
DEBT: TARGET MATURITY
Axis Nifty AAA + SDL Apr 2026 50:50 12.22 12.18 -0.17 7.9 7.7 5.4 5.3 0.3 100 - - 1 7.2 0.10 1,203 Moderate
BHARAT Bond ETF-April 2025 1258.11 1257.08 -0.10 7.8 7.7 5.5 5.5 0.2 100 - - 0 7.4 0.001 10,802 High
BHARAT Bond ETF-April 2030 1433.51 1432.99 0.02 9.4 9.3 6.4 6.4 0.7 100 - - 5 7.2 0.001 18,355 High
BHARAT Bond ETF-April 2031 1280.33 1281.68 -0.04 9.6 9.8 6.3 6.2 0.9 100 - - 6 7.2 0.001 13,965 High
BHARAT Bond ETF-April 2032 1205.90 1207.07 -0.02 10.0 9.9 - - 1.1 100 - - 7 7.2 0.001 10,624 Moderate
BHARAT Bond ETF-April 2033 1172.41 1174.43 0.17 10.2 10.3 - - 1.3 100 - - 8 7.2 0.001 5,991 Moderate
Nippon Ind ETF Nfty SDL Apr26 Top20 Equl 126.05 126.09 -0.05 8.1 8.2 5.7 5.7 0.4 100 - - 1 6.9 0.20 5,282 Moderate
All data as of November 30, 2024. AUM as of October 31, 2024. Average premium/(discount) represents the average premium/(discount) at which the ETF traded over its NAV over the last one year. Tracking Error
represents the difference in returns of the ETF when compared with that of the benchmark/index it replicates. 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.

SCOREBOARD
Performance snapshot
Performance data of the Indian mutual fund industry as of November 2024
REGULAR (%) DIRECT (%)
Category/benchmark 1 mth 3 mths 1 yr 3 yrs 5 yrs 10 yrs 20 yrs 1 mth 3 mths 1 yr 3 yrs 5 yrs 10 yrs
Equity: Large Cap -0.12 -5.14 27.84 15.50 16.95 11.91 14.16 -0.09 -5.02 28.67 16.11 17.50 12.70
Equity: Large & MidCap 0.64 -3.26 31.75 18.81 21.24 14.57 16.69 0.71 -2.99 32.86 20.15 22.53 15.68
Equity: Flexi Cap 0.40 -3.14 28.33 16.34 18.12 13.43 16.10 0.51 -2.82 29.83 17.64 19.37 14.49
Equity: Mid Cap 0.57 -3.65 33.59 22.42 26.16 16.88 18.20 0.67 -3.21 35.39 23.60 27.45 18.11
Equity: Multi Cap 0.63 -2.52 31.61 20.34 — — — 0.75 -2.22 33.31 21.89 — —
Equity: Small Cap 0.24 -1.35 32.68 23.12 31.19 18.25 — 0.35 -1.03 34.06 24.58 32.76 19.45
Equity: Value Oriented -0.07 -4.60 32.67 20.90 22.50 14.88 18.00 -0.02 -4.20 34.12 22.56 23.93 15.94
Equity: ELSS 0.30 -3.15 28.65 17.51 19.62 13.83 15.88 0.39 -2.93 30.02 18.80 20.96 14.92
Equity: Thematic-ESG 0.53 -3.71 26.22 13.18 16.93 12.37 16.26 0.67 -3.37 28.04 14.68 17.85 13.23
Equity: International 2.53 4.85 23.17 6.74 9.27 7.36 8.27 2.42 4.24 23.11 7.07 9.93 7.93
BSE Sensex TRI 0.56 -2.94 20.59 13.28 15.74 12.16 15.14 0.56 -2.94 20.59 13.28 15.74 12.16
BSE Sensex Next 50 TRI 1.46 -4.49 38.93 21.82 22.74 14.60 — 1.46 -4.49 38.93 21.82 22.74 14.60
BSE 500 TRI 0.06 -4.44 27.01 16.85 19.56 13.96 15.49 0.06 -4.44 27.01 16.85 19.56 13.96
BSE Large Cap TRI 0.07 -4.41 23.90 14.38 16.74 12.46 — 0.07 -4.41 23.90 14.38 16.74 12.46
BSE Mid Cap TRI 0.32 -5.96 35.75 24.50 26.40 17.48 16.62 0.32 -5.96 35.75 24.50 26.40 17.48
BSE Small Cap TRI 0.45 -1.31 37.57 26.46 33.49 18.20 18.17 0.45 -1.31 37.57 26.46 33.49 18.20
Equity: Sectoral-Banking 0.41 -0.12 19.71 16.47 12.36 10.78 16.42 0.13 0.34 21.29 17.13 13.74 13.36
BSE Bankex TRI 1.08 1.69 18.98 14.23 10.99 11.49 16.52 1.08 1.69 18.98 14.23 10.99 11.49
Equity: Sectoral-Infrastructure -0.32 -4.95 40.53 28.11 27.36 15.56 16.86 -0.18 -4.48 42.76 29.69 28.82 16.90
BSE India Infrastructure TRI -2.20 -13.48 54.83 36.92 32.06 15.70 — -2.20 -13.48 54.83 36.92 32.06 15.70
Equity: Sectoral-Pharma -0.74 -0.14 40.88 19.25 27.35 13.86 17.52 -0.29 0.92 43.20 21.21 28.96 15.00
BSE Healthcare TRI -0.54 1.17 44.55 20.42 27.06 11.99 15.61 -0.54 1.17 44.55 20.42 27.06 11.99
Equity: Sectoral-Technology 6.01 0.69 35.09 10.40 28.62 17.44 17.27 5.65 0.56 36.29 13.36 30.09 18.53
BSE IT TRI 5.84 -1.05 31.21 9.73 25.90 16.57 16.80 5.84 -1.05 31.21 9.73 25.90 16.57
Hybrid: Aggressive Hybrid 0.38 -2.00 24.11 14.29 16.10 11.84 14.03 0.48 -1.71 25.60 15.65 17.43 12.92
Hybrid: Balanced Hybrid 0.58 -0.34 18.00 10.49 11.19 9.01 10.26 0.65 -0.12 19.05 11.11 11.83 9.61
Hybrid: Conservative Hybrid 0.42 0.59 12.77 8.53 8.81 7.98 9.10 0.49 0.81 13.74 9.48 9.81 8.92
VR Balanced TRI -0.20 -3.65 19.84 12.85 14.80 11.46 13.06 -0.20 -3.65 19.84 12.85 14.80 11.46
VR MIP TRI 0.06 -1.12 14.07 9.25 9.72 8.70 8.88 0.06 -1.12 14.07 9.25 9.72 8.70
Debt: Long Duration 0.15 1.52 11.86 5.99 6.42 7.43 7.74 0.19 1.64 12.43 6.44 6.88 8.15
Debt: Medium Duration 0.56 2.01 8.49 6.10 6.01 7.04 6.89 0.62 2.17 9.19 6.80 6.75 7.81
Debt: Short Duration 0.60 1.89 7.93 5.91 6.07 6.75 7.44 0.65 2.05 8.62 6.63 6.81 7.48
Debt: Ultra Short Duration 0.51 1.72 7.08 5.90 5.33 6.14 6.64 0.56 1.85 7.63 6.45 5.87 6.65
Debt: Liquid 0.55 1.70 7.24 6.23 5.23 6.26 6.97 0.57 1.76 7.44 6.35 5.33 6.36
Debt: Dynamic Bond 0.42 1.72 9.13 5.82 6.23 7.07 6.99 0.48 1.89 9.87 6.56 6.96 7.81
Debt: Corporate Bond 0.54 1.94 8.22 5.80 6.28 7.12 6.78 0.57 2.04 8.64 6.21 6.70 7.60
Debt: Credit Risk 0.51 2.01 8.18 9.01 6.55 6.45 — 0.58 2.21 9.01 9.85 7.38 7.34
CCIL All Sovereign Bond - TRI 0.43 1.75 11.63 6.71 7.21 8.27 7.74 0.43 1.75 11.63 6.71 7.21 8.27
CCIL T Bill Liquidity Weight 0.33 1.14 4.84 3.86 3.35 3.95 4.25 0.33 1.14 4.84 3.86 3.35 3.95
VR Bond 0.32 1.59 8.76 6.03 5.71 6.52 6.57 0.32 1.59 8.76 6.03 5.71 6.52
Category averages, including ETFs and index funds. Returns data (%) for regular and direct plans as of November 30, 2024.

TOP-RATED FUNDS
EQUITY DIRECT (92/270)
EQUITY: LARGE CAP UTI Large & Mid Cap Dir Motilal Oswal Midcap Dir
ABSL Nifty 50 Equal Weight Index Dir EQUITY: FLEXI CAP Nippon India Growth Dir
Bandhan Large Cap Dir 360 ONE Focused Equity Dir Quant Mid Cap Dir
Baroda BNP Paribas Large Cap Dir Bandhan Focused Equity Dir EQUITY: SMALL CAP
Canara Robeco Bluechip Equity Dir Bank of Ind Flexi Cap Dir Bank of Ind Small Cap Dir
DSP Nifty 50 Equal Weight Index Dir Baroda BNP Paribas Focused Dir Canara Robeco Small Cap Dir
DSP Nifty Next 50 Index Dir Canara Robeco Focused Equity Dir Edelweiss Small Cap Dir
Edelweiss Large Cap Dir Edelweiss Flexi Cap Dir Invesco India Smallcap Dir
HDFC NIFTY50 Equal Weight Index Dir Franklin India Flexi Cap Dir Nippon India Small Cap Dir
HDFC Top 100 Dir Franklin India Focused Equity Dir Quant Small Cap Dir
ICICI Pru Bharat 22 FOF Dir HDFC Flexi Cap Dir Tata Small Cap Dir
ICICI Pru Bluechip Dir HDFC Focused 30 Dir EQUITY: VALUE ORIENTED
ICICI Pru Nifty Alpha Low Volatility 30 ETF FOF Dir HDFC Retirement Savings Equity Dir Bandhan Sterling Value Dir
Invesco India Largecap Dir HSBC Flexi Cap Dir Canara Robeco Value Fund Dir
JM Large Cap Dir ICICI Pru Flexicap Dir HSBC Value Dir
Kotak Bluechip Dir ICICI Pru Focused Equity Dir ICICI Pru Value Discovery Dir
Kotak Nifty Next 50 Index Fund Dir ICICI Pru India Equity FOF Dir JM Value Dir
Motilal Oswal Nifty Next 50 Index Fund Dir ICICI Pru Passive Strategy (FOF) Dir Kotak India EQ Contra Dir
Nippon India Large Cap Dir ICICI Pru Retirement Pure Equity Dir SBI Contra Dir
Nippon India Nifty Next 50 Junior BeES FoF Dir Invesco India Focused Dir Templeton India Value Dir
Quant Focused Dir JM Flexicap Dir EQUITY: ELSS
SBI Nifty Next 50 Index Fund Dir Kotak Focused Equity Dir Bandhan ELSS Tax Saver Dir
Sundaram Nifty 100 Equal Weight Dir Mahindra Manulife Focused Dir Bank of India ELSS Tax Saver Fund Dir
UTI Nifty Next 50 Index Dir Nippon India Flexi Cap Dir DSP ELSS Tax Saver Dir
UTI Nifty200 Momentum 30 Index Fund Dir Parag Parikh Flexi Cap Dir Franklin India ELSS Tax Saver Dir
EQUITY: LARGE & MID CAP SBI Retirement Benefit Aggressive Dir HDFC ELSS Tax Saver Dir
Bandhan Core Equity Dir Union Flexi Cap Dir ITI ELSS Tax Saver Dir
HDFC Large and Mid Cap Dir EQUITY: MID CAP JM ELSS Tax Saver Dir
ICICI Pru Large & Mid Cap Dir Edelweiss Mid Cap Dir Kotak ELSS Tax Saver Dir
Kotak Equity Opportunities Dir HDFC Mid-Cap Opp Dir Motilal Oswal ELSS Tax Saver Dir
Motilal Oswal Large and Midcap Dir Invesco India Mid cap Dir Parag Parikh ELSS Tax Saver Dir
Quant Large & Mid Cap Dir Kotak Emerging Equity Dir Quant ELSS Tax Saver Dir
SBI Large & Midcap Dir Mahindra Manulife Mid Cap Dir SBI Long Term Equity Dir
RATING DOWNGRADE List of funds that moved out of the five- and four-star grades in November 2024
LIC MF Nifty Next 50 Index Dir
HYBRID DIRECT (33/94)

HYBRID: AGGRESSIVE HYBRID Quant Absolute Dir Parag Parikh Conservative Hybrid Dir
Bank of Ind Mid & Small Cap Eqt & Debt Dir SBI Magnum Children’s Benefit Investment Dir SBI Conservative Hybrid Dir
Baroda BNP Paribas Agrssv Hybrid Dir SBI Retirement Benefit Aggressive Hybrid Dir SBI Magnum Children’s Benefit Savings Dir
Edelweiss Aggressive Hybrid Dir UTI Aggressive Hybrid Dir HYBRID: EQUITY SAVINGS
HDFC Children’s Dir HYBRID: CONSERVATIVE HYBRID Edelweiss Equity Savings Dir
HDFC Retirement Savings Hybrid Equity Dir Bank of India Conservative Hybrid Dir HSBC Equity Savings Dir
ICICI Pru Child Care Gift Dir Canara Robeco Conservative Hybrid Dir ICICI Pru Equity Savings Dir
ICICI Pru Equity & Debt Dir HDFC Hybrid Debt Dir Kotak Equity Savings Dir
ICICI Pru Retirement Hybrid Aggressive Dir HDFC Retirement Savings Hybrid Debt Dir Mirae Asset Equity Savings Dir
JM Aggressive Hybrid Dir ICICI Pru Income Optimizer (FOF) Dir SBI Equity Savings Dir
Kotak Equity Hybrid Dir ICICI Pru Regular Savings Dir Sundaram Equity Savings Dir
Mahindra Manulife Aggressive Hybrid Dir Kotak Debt Hybrid Dir UTI Equity Savings Dir
SBI Retirement Benefit Conservative Hybrid Dir
Funds suspended for sale have been excluded

EQUITY REGULAR (88/270)
EQUITY: LARGE CAP Kotak Equity Opportunities Reg Motilal Oswal Midcap Reg
ABSL Nifty 50 Equal Weight Index Reg Motilal Oswal Large and Midcap Reg Nippon India Growth Reg
Baroda BNP Paribas Large Cap Reg SBI Large & Midcap Reg Quant Mid Cap Reg
Canara Robeco Bluechip Equity Reg UTI Large & Mid Cap Reg SBI Magnum Midcap Reg
DSP Nifty 50 Equal Weight Index Reg EQUITY: FLEXI CAP EQUITY: SMALL CAP
DSP Nifty Next 50 Index Reg 360 ONE Focused Equity Reg Bank of Ind Small Cap Reg
Edelweiss Large Cap Reg Bandhan Focused Equity Reg Canara Robeco Small Cap Reg
HDFC NIFTY50 Equal Weight Index Reg Bank of Ind Flexi Cap Reg Edelweiss Small Cap Reg
HDFC Top 100 Reg Canara Robeco Focused Equity Reg Invesco India Smallcap Reg
HSBC Nifty Next 50 Index Reg Edelweiss Flexi Cap Reg Nippon India Small Cap Reg
ICICI Pru Bharat 22 FOF Franklin India Flexi Cap Reg Quant Small Cap Reg
ICICI Pru Bluechip Franklin India Focused Equity Reg Tata Small Cap Reg
ICICI Pru Nifty Alpha Low Volatility 30 ETF FOF HDFC Flexi Cap Reg EQUITY: VALUE ORIENTED
ICICI Pru Nifty Next 50 Index HDFC Focused 30 Reg Bandhan Sterling Value Reg
Invesco India Largecap Reg HDFC Retirement Savings Equity Reg Canara Robeco Value Fund Reg
JM Large Cap Reg HSBC Flexi Cap Reg HSBC Value Reg
Kotak Bluechip Reg ICICI Pru Flexicap ICICI Pru Value Discovery
Kotak Nifty Next 50 Index Fund Reg ICICI Pru Focused Equity JM Value Reg
LIC MF Nifty Next 50 Index Reg ICICI Pru India Equity FOF SBI Contra Reg
Mirae Asset Equity Allocator FoF Reg ICICI Pru Passive Strategy (FOF) Templeton India Value Reg
Motilal Oswal Nifty Next 50 Index Fund Reg ICICI Pru Retirement Pure Equity EQUITY: ELSS
Nippon India Large Cap Reg Invesco India Focused Reg Bank of India ELSS Tax Saver Reg
Nippon India Nifty Next 50 Junior BeES FoF Reg JM Flexicap Reg DSP ELSS Tax Saver Reg
Quant Focused Reg JM Focused Reg Franklin India ELSS Tax Saver Reg
SBI Nifty Next 50 Index Fund Reg Mahindra Manulife Focused Reg HDFC ELSS Tax Saver Reg
Sundaram Nifty 100 Equal Weight Reg Parag Parikh Flexi Cap Reg JM ELSS Tax Saver Reg
UTI Nifty Next 50 Index Reg SBI Retirement Benefit Aggressive Reg Kotak ELSS Tax Saver Reg
UTI Nifty200 Momentum 30 Index Fund Reg Union Flexi Cap Reg Motilal Oswal ELSS Tax Saver Reg
EQUITY: LARGE & MIDCAP EQUITY: MID CAP Parag Parikh ELSS Tax Saver Reg
Bandhan Core Equity Reg Edelweiss Mid Cap Reg Quant ELSS Tax Saver Reg
HDFC Large and Mid Cap Reg HDFC Mid-Cap Opp Reg SBI Long Term Equity Reg
ICICI Pru Large & Mid Cap Kotak Emerging Equity Reg
Quant Large & Mid Cap Reg
HYBRID REGULAR (33/94)

HYBRID: AGGRESSIVE HYBRID SBI Magnum Children’s Benefit Investment Reg SBI Magnum Children’s Benefit Savings Reg
Bank of Ind Mid & Small Cap Eqt & Debt Reg SBI Retirement Benefit Aggressive Hybrid Reg SBI Retirement Benefit Conservative Hybrid Reg
Edelweiss Aggressive Hybrid Reg UTI Aggressive Hybrid SBI Retirement Benefit Conservative Reg
HDFC Children’s Reg HYBRID: CONSERVATIVE HYBRID UTI Conservative Hybrid Reg
HDFC Retirement Savings Hybrid Equity Reg Bank of India Conservative Hybrid Reg HYBRID: EQUITY SAVINGS
ICICI Pru Child Care Gift HDFC Hybrid Debt Reg EEdelweiss Equity Savings Reg
ICICI Pru Equity & Debt HDFC Retirement Savings Hybrid Debt Reg HSBC Equity Savings Reg
ICICI Pru Retirement Hybrid Aggressive ICICI Pru Income Optimizer (FOF) ICICI Pru Equity Savings
JM Aggressive Hybrid Reg ICICI Pru Regular Savings Reg Kotak Equity Savings Reg
Kotak Equity Hybrid Reg Kotak Debt Hybrid Reg Mirae Asset Equity Savings Reg
Mahindra Manulife Aggressive Hybrid Reg Parag Parikh Conservative Hybrid Reg SBI Equity Savings Reg
Quant Absolute Reg SBI Conservative Hybrid Reg UTI Equity Savings Reg
Baroda BNP Paribas Agrssv Hybrid Reg
Funds suspended for sale have been excluded.
mutual fund ratings are revised every month. The above ratings are as of November 30, 2024. For rating methodology, refer to Scoreboard Guide.

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

Returns Value Returns Value Returns Value Returns Value
Scheme Name | Category (%) (` lakh) (%) (` lakh) Scheme Name | Category (%) (` lakh) (%) (` lakh)
Quant Small Cap | Small Cap 44.88 17.67 28.64 54.93 ICICI Pru Value Discovery | Value Oriented 28.50 12.10 19.86 34.16
Nippon India Small Cap | Small Cap 39.10 15.49 27.16 50.70 Franklin India Prima | Mid Cap 29.04 12.25 19.84 34.12
Motilal Oswal Midcap | Mid Cap 42.16 16.62 26.18 48.08 Kotak Equity Opportunities | Large & MidCap 26.09 11.42 19.77 34.00
Quant ELSS Tax Saver Fund | ELSS 31.24 12.90 25.12 45.40 Sundaram Midcap | Mid Cap 30.86 12.79 19.75 33.96
HSBC Small Cap | Small Cap 37.07 14.78 24.71 44.41 ICICI Pru Large & Mid Cap | Large & MidCap 28.22 12.01 19.74 33.95
Quant Mid Cap | Mid Cap 34.00 13.77 24.40 43.67 Edelweiss Large & Mid Cap | Large & MidCap 26.32 11.48 19.67 33.81
Edelweiss Mid Cap | Mid Cap 35.06 14.11 24.21 43.22 Baroda BNP Paribas Multi Cap | Multi Cap 28.39 12.06 19.65 33.79
Axis Small Cap | Small Cap 30.65 12.74 24.04 42.86 HDFC Focused 30 | Flexi Cap 30.76 12.76 19.63 33.74
Kotak Small Cap | Small Cap 32.59 13.32 23.91 42.53 ICICI Pru Focused Equity | Flexi Cap 27.80 11.90 19.60 33.68
Quant Flexi Cap | Flexi Cap 31.34 12.93 23.85 42.39 Invesco India Multicap | Multi Cap 27.58 11.83 19.56 33.62
HDFC Small Cap | Small Cap 34.08 13.79 23.38 41.33 Quant Absolute | Aggressive Hybrid 23.45 10.72 19.48 33.48
SBI Small Cap | Small Cap 28.96 12.24 23.35 41.28 Templeton India Value | Value Oriented 29.38 12.35 19.42 33.37
Invesco India Mid Cap | Mid Cap 32.59 13.32 23.31 41.17 DSP Equity Opportunities | Large & MidCap 26.26 11.47 19.36 33.26
Nippon India Growth | Mid Cap 33.71 13.67 23.29 41.12 UTI Mid Cap | Mid Cap 26.98 11.67 19.35 33.25
Quant Active | Multi Cap 28.56 12.11 23.16 40.84 Canara Robeco Emerging Equities | Large & MidCap 24.25 10.93 19.35 33.24
Kotak Emerging Equity | Mid Cap 31.42 12.96 22.92 40.32 HDFC Large and Mid Cap | Large & MidCap 28.43 12.08 19.31 33.17
HDFC Mid-Cap Opportunities | Mid Cap 33.26 13.53 22.57 39.55 Quant Focused | Large Cap 25.42 11.24 19.15 32.88
JM Flexicap | Flexi Cap 31.95 13.12 22.38 39.16 Tata Equity PE | Value Oriented 26.84 11.63 19.11 32.80
Franklin India Smaller Companies | Small Cap 35.22 14.16 22.23 38.83 ICICI Pru Multicap | Multi Cap 27.25 11.74 19.07 32.74
DSP Small Cap | Small Cap 32.38 13.25 22.10 38.57 ICICI Pru Equity & Debt | Aggressive Hybrid 25.10 11.15 18.91 32.45
SBI Contra | Value Oriented 32.80 13.40 21.89 38.16 Bandhan ELSS Tax Saver | ELSS 24.84 11.09 18.87 32.41
JM Value | Value Oriented 31.53 12.99 21.78 37.90 Kotak ELSS Tax Saver | ELSS 24.45 10.98 18.83 32.32
ICICI Pru Smallcap | Small Cap 31.29 12.92 21.77 37.88 UTI Large & Mid Cap | Large & MidCap 28.63 12.13 18.82 32.29
Union Small Cap | Small Cap 31.42 12.96 21.54 37.41 SBI Large & Midcap | Large & MidCap 25.01 11.14 18.65 32.02
Bank of India ELSS Tax Saver | ELSS 27.57 11.83 21.39 37.12 Franklin India Flexi Cap | Flexi Cap 26.67 11.58 18.64 31.99
Parag Parikh Flexi Cap | Flexi Cap 25.86 11.36 21.33 36.98 Canara Robeco ELSS Tax Saver | ELSS 22.62 10.51 18.63 31.97
Quant Large & Mid Cap | Large & MidCap 28.66 12.14 21.14 36.62 Sundaram Multi Cap | Multi Cap 25.04 11.14 18.62 31.95
PGIM India Midcap Opportunities | Mid Cap 26.63 11.57 21.06 36.46 DSP Midcap | Mid Cap 24.11 10.89 18.51 31.77
Axis Midcap | Mid Cap 25.65 11.31 20.95 36.26 JM Aggressive Hybrid | Aggressive Hybrid 28.40 12.07 18.50 31.75
Tata Midcap Growth | Mid Cap 28.76 12.17 20.93 36.20 Taurus Mid Cap | Mid Cap 23.93 10.85 18.46 31.68
HSBC Value | Value Oriented 30.66 12.73 20.86 36.06 Nippon India Large Cap | Large Cap 25.99 11.39 18.41 31.59
Baroda BNP Paribas Midcap | Mid Cap 29.00 12.24 20.86 36.06 Franklin India Focused Equity | Flexi Cap 24.86 11.09 18.27 31.36
Kotak India EQ Contra | Value Oriented 28.13 11.99 20.83 36.01 UTI Value | Value Oriented 25.26 11.20 18.24 31.30
Nippon India Multi Cap | Multi Cap 32.42 13.27 20.79 35.92 ABSL Mid Cap | Mid Cap 27.53 11.82 18.24 31.30
HSBC Midcap | Mid Cap 30.25 12.61 20.78 35.91 Invesco India ELSS Tax Saver | ELSS 23.64 10.77 18.20 31.23
Bandhan Core Equity | Large & MidCap 29.97 12.53 20.58 35.55 Sundaram Large & Midcap | Large & MidCap 23.58 10.76 18.13 31.11
Invesco India Contra | Value Oriented 27.43 11.79 20.56 35.47 DSP Flexi Cap | Flexi Cap 23.00 10.60 18.09 31.06
Nippon India Value | Value Oriented 29.50 12.38 20.49 35.35 Franklin India ELSS Tax Saver | ELSS 26.44 11.52 18.06 31.01
Bandhan Sterling Value | Value Oriented 29.71 12.46 20.29 34.98 ABSL Small Cap | Small Cap 28.19 12.01 18.04 30.97
JM ELSS Tax Saver | ELSS 27.27 11.75 20.25 34.89 Tata ELSS Tax Saver | ELSS 23.16 10.65 17.95 30.82
Invesco India Large & Mid Cap | Large & MidCap 28.05 11.97 20.23 34.85 HDFC Capital Builder Value | Value Oriented 25.60 11.29 17.90 30.73
ICICI Pru Midcap | Mid Cap 29.55 12.40 20.21 34.82 HDFC ELSS Tax Saver | ELSS 27.44 11.79 17.89 30.71
360 ONE Focused Equity | Flexi Cap 23.70 10.79 20.13 34.66 HSBC Flexi Cap | Flexi Cap 25.89 11.37 17.74 30.47
Mirae Asset Large & Midcap | Large & MidCap 23.03 10.61 20.09 34.60 Motilal Oswal Flexi Cap | Flexi Cap 26.67 11.58 17.69 30.39
HDFC Flexi Cap | Flexi Cap 29.48 12.38 20.08 34.58 Tata Large & Midcap | Large & MidCap 22.69 10.53 17.66 30.34
Sundaram Small Cap | Small Cap 31.85 13.09 19.94 34.31 ICICI Pru Bluechip | Large Cap 23.25 10.67 17.59 30.22
SBI Magnum Midcap | Mid Cap 28.32 12.05 19.92 34.30 Canara Robeco Bluechip Equity | Large Cap 20.65 10.02 17.53 30.14
SBI Long Term Equity | ELSS 30.08 12.56 19.89 34.23 JM Focused | Flexi Cap 24.93 11.11 17.52 30.11
DSP ELSS Tax Saver | ELSS 26.50 11.53 19.89 34.22 HSBC ELSS Tax Saver | ELSS 25.34 11.22 17.50 30.07
Data for direct plans as of November 2024. Funds with less than 10-year history have been excluded.

SCOREBOARD
5 years 10 years 5 years 10 years
Returns Value Returns Value Returns Value Returns Value
Scheme Name | Category (%) (` lakh) (%) (` lakh) Scheme Name | Category (%) (` lakh) (%) (` lakh)
Nippon India Vision | Large & MidCap 26.67 11.58 17.48 30.05 Tata Young Citizens | Flexi Cap 20.63 10.01 15.34 26.78
Canara Robeco Flexi Cap | Flexi Cap 21.04 10.11 17.46 30.01 ICICI Pru Child Care Gift | Aggressive Hybrid 21.15 10.14 15.33 26.77
Bandhan Focused Equity | Flexi Cap 24.08 10.89 17.29 29.75 Nippon India ELSS Tax Saver | ELSS 24.75 11.06 15.26 26.67
Sundaram Focused | Flexi Cap 21.47 10.22 17.29 29.75 Franklin India Equity Hybrid | Aggressive Hybrid 19.97 9.86 15.18 26.56
Invesco India Largecap | Large Cap 22.80 10.56 17.27 29.72 DSP Top 100 Equity | Large Cap 21.29 10.18 15.14 26.50
ABSL Pure Value | Value Oriented 27.78 11.89 17.21 29.61 UTI Flexi Cap | Flexi Cap 16.75 9.11 15.10 26.44
Baroda BNP Paribas Large Cap | Large Cap 22.12 10.38 17.20 29.60 Sundaram Aggressive Hybrid | Aggressive Hybrid 18.44 9.50 15.02 26.33
Bank of India Large & Mid Cap Equity | Large & MidCap 23.98 10.86 17.19 29.59 HSBC Managed Solutions India Growth | Agg. Hybrid 19.88 9.83 14.95 26.22
Baroda BNP Paribas ELSS Tax Saver | ELSS 23.27 10.68 17.18 29.56 Bandhan Nifty 50 Index | Large Cap 17.80 9.35 14.81 26.04
Kotak Equity Hybrid | Aggressive Hybrid 22.20 10.40 17.14 29.50 UTI Large Cap | Large Cap 17.93 9.38 14.81 26.03
ICICI Pru Nifty Next 50 Index | Large Cap 24.93 11.11 17.12 29.47 Axis Bluechip | Large Cap 15.39 8.82 14.79 26.02
Tata Retirement Savings Progressive | Flexi Cap 21.59 10.25 17.10 29.44 Groww Large Cap | Large Cap 19.00 9.63 14.80 26.01
LIC MF Nifty Next 50 Index | Large Cap 24.86 11.09 17.08 29.40 UTI Nifty 50 Index | Large Cap 17.78 9.35 14.74 25.93
Union Flexi Cap | Flexi Cap 22.19 10.40 17.01 29.29 HDFC BSE Sensex Index | Large Cap 17.12 9.19 14.70 25.88
Nippon India Focused Equity | Flexi Cap 22.33 10.44 16.97 29.23 ABSL Equity Advantage | Large & MidCap 18.77 9.57 14.68 25.86
Edelweiss Aggressive Hybrid | Aggressive Hybrid 22.76 10.54 16.96 29.21 Nippon India Index BSE Sensex | Large Cap 17.14 9.20 14.68 25.85
Union ELSS Tax Saver | ELSS 22.73 10.54 16.94 29.18 HDFC Nifty 50 Index | Large Cap 17.73 9.33 14.68 25.85
HDFC Children’s | Aggressive Hybrid 21.53 10.24 16.91 29.14 Axis ELSS Tax Saver | ELSS 16.48 9.06 14.67 25.85
ABSL Flexi Cap | Flexi Cap 21.76 10.29 16.85 29.05 Tata Nifty 50 Index | Large Cap 17.68 9.32 14.65 25.81
Edelweiss ELSS Tax Saver | ELSS 23.21 10.66 16.84 29.03 ICICI Pru Nifty 50 Index | Large Cap 17.73 9.33 14.63 25.78
SBI Focused Equity | Flexi Cap 19.23 9.69 16.82 29.02 Nippon India Index Nifty 50 | Large Cap 17.73 9.33 14.61 25.76
Edelweiss Large Cap | Large Cap 21.21 10.16 16.75 28.89 SBI Nifty Index | Large Cap 17.72 9.34 14.59 25.74
Kotak Flexicap | Flexi Cap 21.09 10.13 16.72 28.85 Tata BSE Sensex Index | Large Cap 16.88 9.14 14.56 25.68
Taurus ELSS Tax Saver | ELSS 22.33 10.43 16.71 28.82 Franklin India Bluechip | Large Cap 19.55 9.76 14.51 25.62
Kotak Bluechip | Large Cap 21.07 10.12 16.65 28.74 HSBC Aggressive Hybrid | Aggressive Hybrid 19.50 9.75 14.50 25.59
ICICI Pru ELSS Tax Saver | ELSS 21.72 10.28 16.54 28.56 Motilal Oswal Focused | Flexi Cap 16.93 9.15 14.46 25.55
Sundaram ELSS Tax Saver | ELSS 21.41 10.21 16.39 28.34 ABSL Nifty 50 Index | Large Cap 17.63 9.31 14.38 25.44
HDFC Top 100 | Large Cap 22.45 10.47 16.36 28.30 Franklin India NSE Nifty 50 Index | Large Cap 17.59 9.30 14.38 25.44
Bandhan Large Cap | Large Cap 21.29 10.18 16.32 28.24 LIC MF Nifty 50 Index | Large Cap 17.60 9.30 14.38 25.44
LIC MF ELSS Tax Saver | ELSS 21.71 10.28 16.31 28.22 LIC MF BSE Sensex Index | Large Cap 16.93 9.15 14.37 25.42
ABSL Focused | Flexi Cap 21.08 10.12 16.13 27.94 Taurus Nifty 50 Index | Large Cap 17.08 9.19 14.36 25.41
Quantum ELSS Tax Saver | ELSS 23.78 10.81 16.06 27.84 Bandhan Flexi Cap | Flexi Cap 19.77 9.81 14.32 25.37
Quantum Long Term Equity Value | Value Oriented 23.79 10.81 16.01 27.76 LIC MF Flexi Cap | Flexi Cap 20.13 9.90 14.30 25.33
ICICI Pru Passive Strategy (FOF) | Flexi Cap 21.95 10.34 15.98 27.72 LIC MF Large Cap | Large Cap 17.22 9.22 14.13 25.10
DSP Focus | Flexi Cap 21.92 10.33 15.94 27.65 SBI Equity Hybrid | Aggressive Hybrid 16.23 9.00 14.04 24.98
JM Large Cap | Large Cap 21.85 10.32 15.93 27.64 Axis Focused | Flexi Cap 14.12 8.54 13.88 24.77
UTI ELSS Tax Saver | ELSS 20.08 9.88 15.91 27.61 HDFC Hybrid Equity | Aggressive Hybrid 18.17 9.43 13.82 24.69
HSBC Large Cap | Large Cap 20.49 9.98 15.88 27.57 PGIM India Large Cap | Large Cap 16.66 9.09 13.74 24.58
UTI Aggressive Hybrid | Aggressive Hybrid 22.22 10.41 15.78 27.42 Tata Hybrid Equity | Aggressive Hybrid 17.66 9.32 13.48 24.24
Franklin India Equity Advantage | Large & MidCap 22.74 10.54 15.76 27.40 Taurus Large Cap | Large Cap 19.09 9.65 13.25 23.95
Tata Large Cap | Large Cap 20.78 10.05 15.75 27.37 Nippon India Equity Hybrid | Aggressive Hybrid 20.09 9.89 13.24 23.93
Tata Retirement Savings Moderate | Aggressive Hybrid 19.78 9.81 15.72 27.33 ABSL Equity Hybrid ‘95 | Aggressive Hybrid 17.42 9.26 13.12 23.78
Mirae Asset Large Cap | Large Cap 18.28 9.46 15.71 27.32 Taurus Flexi Cap | Flexi Cap 19.90 9.84 13.12 23.77
SBI Flexicap | Flexi Cap 19.29 9.70 15.70 27.32 ABSL ELSS Tax Saver | ELSS 16.19 8.99 12.94 23.55
DSP Aggressive Hybrid | Aggressive Hybrid 19.49 9.74 15.68 27.28 LIC MF ULIS | Aggressive Hybrid 15.81 8.91 12.81 23.39
UTI Children’s Equity | Flexi Cap 19.63 9.78 15.63 27.20 Shriram Aggressive Hybrid | Aggressive Hybrid 16.01 8.95 12.72 23.28
ABSL Frontline Equity | Large Cap 20.67 10.02 15.61 27.17 Bandhan Asset Allocation Aggressive | Agg. Hybrid 16.88 9.15 12.48 22.99
Canara Robeco Equity Hybrid | Aggressive Hybrid 18.30 9.46 15.57 27.11 LIC MF Aggressive Hybrid | Aggressive Hybrid 16.39 9.03 12.49 22.99
SBI Bluechip | Large Cap 19.67 9.79 15.54 27.07 LIC MF Children’s | Flexi Cap 16.96 9.16 12.33 22.80
Sundaram Nifty 100 Equal Weight | Large Cap 22.34 10.44 15.53 27.06 PGIM India Hybrid Equity | Aggressive Hybrid 15.85 8.91 12.25 22.70
Quantum Equity FoF | Flexi Cap 20.63 10.01 15.39 26.86 Data for direct plans as of November 2024. Funds with less than 10-year history have been excluded.

SCOREBOARD
The best and worst SIP returns

Worth of a monthly SIP of `10,000 across various time periods
`LHY
SIP value SIP value
SIP returns (%) SIP returns (%)
(` lakh) (` lakh)
Motilal Oswal Midcap 44.91 6.70 Axis Focused 13.85 4.42
Bandhan Small Cap 43.15 6.56 LIC MF ULIS 13.91 4.43
Motilal Oswal
38.19 6.15 PGIM India Large Cap 14.38 4.46
ELSS Tax Saver
Axis Aggressive
ITI Small Cap 37.67 6.11 14.47 4.46
Hybrid
Motilal Oswal LIC MF BSE
37.47 6.10 14.58 4.47
Large and Midcap Sensex Index
`LHY
SIP value SIP value
(` lakh) (` lakh)
Quant Small Cap 42.96 16.92 Axis Focused 12.97 8.31
Axis Aggressive
Motilal Oswal Midcap 40.58 16.03 13.95 8.51
Hybrid
Nippon India PGIM India
37.90 15.07 13.99 8.52
Small Cap Hybrid Equity
Shriram Aggressive
HSBC Small Cap 35.63 14.30 14.20 8.56
Hybrid
Bank of India
35.24 14.17 Axis Bluechip 14.23 8.57
Small Cap
`LHY
SIP value SIP value
(` lakh) (` lakh)
PGIM India
Quant Small Cap 27.55 51.77 10.56 20.75
Hybrid Equity
Nippon India Shriram
26.06 47.78 11.21 21.48
Small Cap Aggressive Hybrid
LIC MF
Motilal Oswal Midcap 24.84 44.73 11.28 21.56
Aggressive Hybrid
Quant ELSS
23.62 41.86 LIC MF ULIS 11.77 22.13
Tax Saver Fund
HSBC Small Cap 23.53 41.66 ABSL ELSS Tax Saver 11.98 22.38
All equity funds and aggressive hybrid funds except sectoral, thematic, international, ETFs, FoFs and solution-oriented funds. All data for regular plans as of November 30, 2024.

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Power of 3
With the right mix of assets,
steer through any market
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Presenting
Nippon India Multi Asset Allocation Fund
Markets are unpredictable, and different asset classes react differently to changing conditions. That’s why it’s
essential to have a balanced mix of Equity, Debt, and Commodities. The Nippon India Multi Asset Allocation Fund
strategically diversifies your investment, helping you stay invested across asset classes and aiming to optimize
risk-adjusted returns.
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Invests across Seeks to deliver optimal LTCG holding period now
multiple asset classes returns by balancing risk reduced to 24 months,
IRUGLYHUVLƬFDWLRQ and reward taxed at 12.5% **
Contact your Mutual Fund Distributor | Visit www.nipponindiamf.com

Customer Care: 1860 266 0111*, 022-68334800* (For investors outside India)
*Charges applicable.
Nippon India Multi Asset Allocation Fund

(An open ended scheme investing in Equity, Debt and Exchange Traded Commodity Scheme Riskometer Benchmark Riskometer
Derivatives and Gold ETF & Silver ETF)
AMFI Tier I Benchmark -50% of BSE 500 TRI,

This product is suitable for investors who are seeking*: Nippon India Multi Asset 20% of MSCI World Index TRI, 15% of Crisil Short
Term Bond Index 10% of Domestic prices of
Allocation Fund Gold & 5% of Domestic Prices of Silver
• Long term capital growth Moderate Risk Moderately High Risk Moderate Risk Moderately High Risk
• Investment in equity and equity related securities, debt & Low to Moderate Risk High Risk Low to Moderate Risk High Risk
money market instruments and Exchange Traded

Commodity Derivatives and Gold ETF & Silver ETF.
Low Risk Very High Risk Low Risk Very High Risk
*Investors should consult their financial advisors if in doubt RISKOMETER RISKOMETER
about whether the product is suitable for them. The risk of the scheme is Very High The risk of the benchmark is Very High
Note: Probable allocation – the anticipated asset allocation would be as follows: Equity & Equity related securities – 50% to 80%, Debt & Money Market Instruments – 10% to 35% , Commodities Including
Gold ETF, Silver ETF and Exchange Traded Commodity Derivatives (ETCDs) – 10% to 30%. The above exposure/strategy is subject to change within the limits of SID depending on the market conditions.
LTCG – Long Term Capital Gains. **w.e.f. 23rd July 2024

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OPPORTUNITY COMES IN VARIOUS SIZES

HDFC MULTI CAP FUND

Contact your MFD / RIA or give a missed call on 73974 12345

To generate long-term capital appreciation / income

z Investment in equity and equity related securities of large cap,

Mission: To be the wealth creator for every Indian

Advice Transact Track

Become a master investor

Scan the QR code to subscribe or

,HQ@D RRDS$+223@W2@UDQ%TMC@HLRSNHMUDRSHMDPTHSX@MCDPTHSXQDK@SDCHMRSQTLDMSR@BQNRRL@QJDSB@OHS@KHR@SHNM SGDLDR@MC

 Growth of capital over long term

RESEARCH AND ANALYSIS

DATA AND ANALYSIS Multi-cap

MARKETING ‘Our underlying

January 2025 Volume XXII, Number 4

4 Mutual Fund Insight January 2025

‘Large caps attractive after

INVESTORS’ SIP RETURNS 100

Books authored by our Founder,

JANUARY FEBRUARY MARCH APRIL MAY JUNE

6 Mutual Fund Insight January 2025

Mutual Fund Insight January 2025 9

The habit machine

10 Mutual Fund Insight January 2025

Mutual Fund Insight January 2025 11

Multi-cap atings ae out!

10 multi-cap funds get rated by Value Research

Nippon India Multi Cap  27.8 38,678

Sundaram Multi Cap  18.1 2,759

12 Mutual Fund Insight January 2025

Thee funds for safe,

14 Mutual Fund Insight January 2025

www.pgimindiamf.com 1800 209 7446 | 1800 266 7446 Follow us on:

Subscription copy of [raghuraman1511@gmail.com]. Redistribution prohibited.

Ae value index funds

By Karan Jaiswal and Nifty 200 Value 30

16 Mutual Fund Insight January 2025

This stability ensures that the money earmarked for

18 Mutual Fund Insight January 2025

Letters to the Editor’s Note

20 Mutual Fund Insight January 2025

It was a pleasure to read such a sell when the market is crashing

Mutual Fund Insight January 2025 21

AUM under the lens

Bank of India WhiteOak Capital

Meet the big five

ICICI Prudential SBI HDFC HDFC ICICI Prudential

22 Mutual Fund Insight January 2025

Consumer staples 1 | 45,654 z AUM (` cr)

Sasken Technologies z Net assets (%)

Choice TRUSTMF Flexi Cap Apr 26, 2024 15.9 4/87

Mutual Fund Insight January 2025 23

Patience reaps rewards

Winning the waiting game

Large-cap Mid-cap Small-cap BSE BSE Mid BSE Small BSE

Minimum -64.3 -77.1 -67.4 -58.0 -67.9 -73.3 -60.2

Get money smart The

24 Mutual Fund Insight January 2025

26 Mutual Fund Insight January 2025

Growth of capital over long term

Nippon India Multi Cap 27.8 38,678

Sundaram Multi Cap 18.1 2,759

Kotak Equity Savings

Mirae Asset Equity Savings