This article gives you the list of the biggest declines in equity mutual funds since their last peak.

Disclaimer: The Fund names in this article are not recommendations to buy/hold/sell. Mutual funds are subject to market risks. Do not invest real money without adequate research.

📚 Table of Contents

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• What is bottom fishing?
• Who can benefit from bottom fishing?
• Which mutual funds are offering the best bottom-fishing opportunities right now?
• What should investors do with this data?

What is bottom fishing?

Investopedia defines bottom fishing as looking for bargains among stocks whose prices have recently dropped dramatically.

If you are an investor with some cash available, whether money is set aside for this purpose or from a recent windfall like a bonus, temporary market declines can present excellent bottom-fishing opportunities.

After all, investors aim to buy low and sell high, an opportunity that rarely comes around. It is much easier to jump onto a hot stock, sector, or theme after it has already gained momentum.

Who can benefit from bottom fishing?

If you are an investor who has experienced at least one down-market (e.g., the COVID-19 market crash), you have a chance to benefit from bottom-fishing opportunities.

We recommend having the experience of at least one market cycle because, without it, it is easy to believe that stock markets rise 15-20% every year, like a supercharged fixed deposit.

If you are not this type of investor, it’s best to continue your SIP in your chosen funds as-is without making any additional changes.

Which mutual funds are offering the best bottom-fishing opportunities right now?

We have set a threshold of at least a 15% fall from the 52-week high to identify these opportunities using NAV data from AMFI for the closing date of 06-May-2025.

Equity: Sectoral or Thematic

Fund	Change (%)	NAV (52w high)	Latest NAV
Samco Special Opportunities	26.48	10.6500	7.8300
Tata Infrastructure	23.07	220.7345	169.8134
quant Manufacturing	22.15	18.1436	14.1248
Shriram Multi Sector Rotation	21.90	10.0649	7.8603
quant PSU	21.78	12.9481	10.1284
quant Business Cycle	21.55	19.8302	15.5559
Tata Digital India	21.49	65.7465	51.6169
Motilal Oswal Quant	21.27	11.7284	9.2337
quant Infrastructure	21.01	48.0536	37.9564
UTI Innovation	20.86	13.4188	10.6197
Aditya Birla Sun Life Transportation and Logistics	20.43	16.2500	12.9300
Union Active Momentum	20.19	10.3500	8.2600
quant Commodities	20.13	15.5280	12.4024
SBI Automotive Opportunities	19.89	11.3944	9.1283
Invesco India Technology	19.32	10.9200	8.8100
HDFC MNC	18.86	15.6960	12.7350
LIC MF Infrastructure	18.85	60.2474	48.8917
Aditya Birla Sun Life Digital India	18.79	220.9900	179.4700
BANDHAN Infrastructure	18.67	66.3960	54.0030
Edelweiss Business Cycle	18.40	10.3304	8.4295
Motilal Oswal Digital India	18.38	10.9224	8.9153
Kotak Infrastructure Economic Reform	18.31	84.9450	69.3910
Edelweiss Recently Listed IPO	18.24	31.0795	25.4092
Union Innovation Opportunities	18.06	15.5000	12.7000
Bank of India Business Cycle	18.05	10.4700	8.5800
quant Teck	17.85	14.3162	11.7607
DSP India TIGER	17.70	377.3950	310.5930
BANDHAN TRANSPORTATION AND LOGISTICS	17.51	20.0400	16.5310
Tata Housing Opportunities	17.35	17.7224	14.6476
quant ESG Equity	17.22	40.0990	33.1946
Taurus Infrastructure	17.08	80.1700	66.4800
quant Quantamental	17.06	27.1934	22.5545
quant Healthcare	16.69	17.9670	14.9683
Motilal Oswal Manufacturing	16.66	12.0976	10.0825
Edelweiss Technology	16.51	12.9186	10.7856
quant Momentum	16.18	16.4398	13.7794
ICICI Prudential Technology	16.17	249.9900	209.5700
Aditya Birla Sun Life Manufacturing Equity	16.09	38.2200	32.0700
UTITransportation and Logistics	16.08	332.6813	279.1860
Kotak Technology	16.08	13.3360	11.1910
HSBC Infrastructure	16.01	57.8938	48.6276
Kotak Special Opportunities	16.01	10.7480	9.0270
BANK OF INDIA Manufacturing Infrastructure	15.97	69.7000	58.5700
Aditya Birla Sun Life MNC	15.95	1635.1800	1374.4300
Invesco India PSU Equity	15.94	83.0500	69.8100
SBI Energy Opportunities	15.86	12.1375	10.2121
Nippon India Power Infra	15.76	411.7520	346.8792
Nippon India Power Infra	15.76	411.7520	346.8792
Franklin India Technology	15.73	623.6884	525.5968
HDFC Transportation and Logistics	15.71	17.3740	14.6450
Invesco India Infrastructure	15.70	82.4200	69.4800
HDFC Technology	15.70	15.5060	13.0720
Aditya Birla Sun Life Infrastructure	15.69	112.0300	94.4500
Canara Robeco Manufacturing	15.69	13.4500	11.3400
UTI MNC	15.66	476.5359	401.9041
Aditya Birla Sun Life PSU Equity	15.65	40.5200	34.1800
HDFC Defence	15.54	25.2050	21.2870
Tata Ethical	15.47	493.1378	416.8576
SBI Innovative Opportunities	15.43	10.3592	8.7607
Baroda BNP Paribas Innovation	15.35	13.4072	11.3492
UTI India Consumer	15.15	70.2329	59.5956

Equity: Small Cap

Fund	Change (%)	NAV (52w high)	Latest NAV
LIC MF Small Cap	21.25	38.5371	30.3480
HSBC Small Cap	21.11	101.6595	80.1963
Union Small Cap	19.48	58.2000	46.8600
Tata Small Cap	19.32	49.6410	40.0518
Mahindra Manulife Small Cap	19.18	22.1481	17.9004
BANK OF INDIA Small Cap	18.61	57.2300	46.5800
DSP Small Cap	18.45	226.7210	184.8880
KotakSmall Cap	18.22	337.7270	276.1940
Aditya Birla Sun Life Small Cap	18.10	106.0312	86.8383
Motilal Oswal Small Cap	17.94	15.3698	12.6124
Baroda BNP Paribas Small Cap	17.81	14.7226	12.1000
JM Small Cap	17.47	11.1178	9.1754
TRUSTMF SMALL CAP	17.38	10.9900	9.0800
HDFC Small Cap	16.69	165.5120	137.8870
CANARA ROBECO SMALL CAP	16.66	46.3300	38.6100
quant Small Cap	16.52	306.5181	255.8912
Nippon India Small Cap	16.50	204.3979	170.6690
Nippon India Small Cap	16.50	204.3979	170.6690
Franklin India Smaller Companies	16.29	211.5144	177.0661
UTI Small Cap	16.20	29.5320	24.7477
BANDHAN SMALL CAP	15.96	53.0240	44.5630
Invesco India Smallcap	15.91	48.6500	40.9100
SBI Small Cap	15.75	214.6767	180.8742
ITI Small Cap	15.48	33.4582	28.2804
Edelweiss Small Cap	15.42	51.4830	43.5420
ICICI Prudential Smallcap	15.29	103.5700	87.7300
PGIM India Small Cap	15.06	17.9300	15.2300

Equity: Mid Cap

Fund	Change (%)	NAV (52w high)	Latest NAV
HSBC Midcap	17.29	474.2318	392.2215
quant Mid Cap	17.01	281.1083	233.2886
Motilal Oswal Midcap	16.95	130.6636	108.5103
Taurus Mid Cap	15.92	138.5100	116.4600
BANDHAN MIDCAP	15.34	19.2140	16.2660
UTI Mid Cap	15.28	358.9687	304.1105

Equity: ELSS

Fund	Change (%)	NAV (52w high)	Latest NAV
Samco ELSS Tax Saver	22.03	15.8900	12.3900
Motilal Oswal ELSS Tax Saver	19.70	64.9017	52.1172
quant ELSS Tax Saver	17.35	462.0474	381.8878
Shriram ELSS Tax Saver	16.76	27.0346	22.5024
BANK OF INDIA ELSS Tax Saver	15.74	205.5600	173.2100
ITI ELSS Tax Saver	15.26	29.0490	24.6163
NJ ELSS Tax Saver Scheme	15.04	16.6200	14.1200

Equity: Value

Fund	Change (%)	NAV (52w high)	Latest NAV
LIC MF Value	19.64	29.0490	23.3442
Quant Value	17.81	23.2358	19.0971
JM Value	16.82	123.0659	102.3719
Aditya Birla Sun Life Pure Value	15.30	153.0069	129.5937

Equity: Flexi Cap

Fund	Change (%)	NAV (52w high)	Latest NAV
Samco Flexi Cap	23.96	13.2300	10.0600
NJ Flexi Cap	20.58	16.4200	13.0400
LIC MF Flexi Cap	18.35	117.4158	95.8749
Shriram Flexi Cap	17.19	26.2302	21.7224
BANK OF INDIA Flexi Cap	16.46	40.3300	33.6900
quant Flexi Cap	15.65	123.2396	103.9509

Solution: Child Fund

Fund	Change (%)	NAV (52w high)	Latest NAV
LIC MF Childrens	15.25	39.3584	33.3580

Other: Index Funds

Fund	Change (%)	NAV (52w high)	Latest NAV
Tata Nifty Realty Index	25.70	11.8337	8.7923
Bandhan Nifty Alpha 50 Index	24.95	16.4251	12.3278
DSP Nifty Smallcap250 Quality 50 Index	24.21	13.8089	10.4651
Nippon India Nifty Realty Index	23.52	10.3808	7.9388
ICICI Prudential Nifty 200 Momentum 30 Index	23.47	20.7590	15.8866
BANDHAN NIFTY200 MOMENTUM 30 INDEX	23.35	19.5099	14.9536
Nippon India Nifty 500 Momentum 50 Index	23.30	10.0804	7.7312
Motilal Oswal Nifty 500 Momentum 50 Index	23.21	10.0362	7.7065
Kotak Nifty 200 Momentum 30 Index	23.19	18.1020	13.9040
UTI Nifty 200 Momentum 30 Index	23.08	26.2739	20.2090
Motilal Oswal Nifty Microcap 250 Index	22.24	19.5530	15.2052
Baroda BNP Paribas Nifty200 Momentum 30 Index	21.96	9.9509	7.7655
Axis Nifty IT Index	21.63	15.6824	12.2904
Bandhan Nifty IT Index	21.61	15.2170	11.9285
Nippon India Nifty IT Index	21.55	12.2176	9.5850
ICICI Prudential Nifty IT Index	21.52	15.8208	12.4163
Navi NiftyIT Index	21.41	13.2921	10.4457
Tata Nifty200 Alpha 30 Index	20.85	10.0180	7.9296
Motilal Oswal Nifty MidSmall IT and Telecom Index	20.51	11.1320	8.8492
Bandhan Nifty 500 Momentum 50 Index	20.50	10.4663	8.3209
Edelweiss Nifty500 Multicap Momentum Quality 50 Index	19.14	10.6177	8.5857
Nippon India Nifty Smallcap 250 Index	19.06	37.0773	30.0113
BANDHAN Nifty Smallcap 250 Index	18.78	13.5181	10.9800
ICICI Prudential Nifty Smallcap 250 Index	18.69	19.1258	15.5509
SBI Nifty Smallcap 250 Index	18.64	20.3124	16.5253
Edelweiss Nifty Smallcap 250 Index	18.63	19.3382	15.7362
Groww Nifty Smallcap 250 Index	18.63	12.4062	10.0954
HDFC NIFTY Smallcap 250 Index	18.59	20.2813	16.5104
HSBC NIFTY NEXT 50 INDEX	18.06	33.9696	27.8361
Aditya Birla Sun Life Nifty Next 50 Index	18.03	19.2104	15.7467
ICICI Prudential Nifty Next 50 Index	18.02	71.8981	58.9388
HDFC NIFTY Next 50 Index	18.00	18.2645	14.9764
DSP Nifty Next 50 Index	17.90	30.5290	25.0632
Axis Nifty Smallcap 50 Index	17.88	20.1341	16.5345
Tata Nifty Auto Index	17.83	12.4933	10.2657
SBI Nifty Next 50 Index	17.81	21.3579	17.5548
ICICI Prudential Nifty Auto Index	17.80	22.0777	18.1478
Edelweiss Nifty Next 50 Index	17.76	17.9426	14.7560
UTI Nifty Next 50 Index	17.74	28.5480	23.4835
LIC MF Nifty Next 50 Index	17.74	62.9302	51.7679
Aditya Birla Sun Life Nifty Smallcap 50 Index	17.72	23.1563	19.0536
Motilal Oswal Nifty Next 50 Index	17.71	27.6302	22.7374
Kotak Nifty Next 50 Index	17.68	22.5086	18.5299
Axis Nifty Next 50 Index	17.66	19.0496	15.6850
Navi Nifty Next 50 Index	17.64	18.3137	15.0825
Kotak Nifty Smallcap 50 Index	17.60	22.1030	18.2130
HDFC Nifty India Digital Index	17.15	10.1002	8.3679
Tata Nifty Midcap 150 Momentum 50 Index	17.07	20.2401	16.7845
Edelweiss Nifty Midcap150 Momentum 50 Index	16.95	20.2405	16.8106
Nippon India Nifty Alpha Low Volatility 30 Index	16.90	18.9024	15.7081
Edelweiss Nifty Alpha Low Volatility 30 Index	16.83	11.8038	9.8173
Kotak Nifty Midcap 150 Momentum 50 Index	16.55	10.3230	8.6150
Nippon India Nifty 500 Equal Weight Index	16.32	10.1538	8.4972
Kotak BSE PSU Index	15.81	9.6710	8.1420
Kotak BSE Housing Index	15.61	15.1300	12.7680
UTI BSE Housing Index	15.59	16.2575	13.7232
Motilal Oswal Nifty India Defence Index	15.39	10.8648	9.1927
UTI Nifty 200 Quality 30 Index	15.32	10.1238	8.5725

Equity: Multi Cap

Fund	Change (%)	NAV (52w high)	Latest NAV
quant Active	18.45	788.2330	642.8205
Sundaram Multi Cap	17.31	101.0619	83.5659
Tata Multicap	15.15	16.0240	13.5970

Equity: Large Mid Cap

Fund	Change (%)	NAV (52w high)	Latest NAV
Motilal Oswal Large and Midcap	17.30	38.5983	31.9200
HSBC Large Mid Cap	16.85	31.9527	26.5676
quant Large Mid Cap	15.43	143.0724	120.9968

Equity: Focused

Fund	Change (%)	NAV (52w high)	Latest NAV
Motilal Oswal Focused 25	26.16	59.9011	44.2326
quant Focused	15.99	106.5420	89.5054

Hybrid: Dynamic Asset Allocation Or Balanced Advantage

Fund	Change (%)	NAV (52w high)	Latest NAV
Motilal Oswal Balanced Advantage	21.50	25.6127	20.1054

Other: FoF Domestic

Fund	Change (%)	NAV (52w high)	Latest NAV
Motilal Oswal Nasdaq 100	23.27	46.8357	35.9388
Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF	23.13	12.0660	9.2750
Groww Nifty EV New Age Automotive ETF FOF	22.94	10.9268	8.4207
Mirae Asset Nifty200 Alpha 30 ETF	21.71	10.4030	8.1440
Mirae Asset SP 500 Top 50 ETF	20.81	22.8490	18.0930
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF	17.76	11.2030	9.2130
Mirae Asset NYSE FANG ETF	17.44	31.9050	26.3400
Nippon India Nifty Next 50 Junior BeES FoF	17.35	28.9113	23.8947
ICICI Prudential Nifty Alpha Low Volatility 30 ETF FOF	17.14	17.7260	14.6877
Tata Nifty India Digital ETF	17.01	16.2891	13.5179
Axis Equity ETFs FOF	15.52	17.0468	14.4015

Other: FoF Overseas

Fund	Change (%)	NAV (52w high)	Latest NAV
Invesco India Invesco Global Consumer Trends	18.53	11.0237	8.9811
Edelweiss US Technology Equity	18.28	31.3487	25.6175

Hybrid: Multi Asset Allocation

Fund	Change (%)	NAV (52w high)	Latest NAV
Motilal Oswal Multi Asset	18.51	15.2014	12.3872

What should investors do with this data?

Bottom fishing can easily turn into catching a falling knife if you don’t know what you’re doing.

There are three key takeaways from this data:

1. Review existing funds: Investors should check if their current funds are on the list and evaluate their next steps, including consulting their advisor.
2. Rebalance portfolios: Most investors should use this opportunity to rebalance from debt to equity if their portfolio’s asset allocation has drifted by 5%. Having a worked out financial plan is important to execute this step correctly
3. Understand market trends: If you’re trying to determine whether we’re in a bear market, here’s a guide to help you assess the situation.