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 14-May-2025.

Equity: Sectoral or Thematic

Fund	Change (%)	NAV (52w high)	Latest NAV
Samco Special Opportunities	22.25	10.6500	8.2800
Shriram Multi Sector Rotation	21.55	10.0649	7.8958
quant PSU	19.32	12.9481	10.4464
Tata Infrastructure	18.40	220.7345	180.1264
Union Active Momentum	17.87	10.3500	8.5000
quant Manufacturing	17.72	18.1436	14.9287
quant Business Cycle	16.71	19.8302	16.5162
quant Commodities	16.33	15.5280	12.9930
quant Infrastructure	16.16	48.0536	40.2885
HDFC MNC	15.98	15.6960	13.1880
Tata Digital India	15.93	65.7465	55.2726
Aditya Birla Sun Life Transportation and Logistics	15.88	16.2500	13.6700
Edelweiss Business Cycle	15.74	10.3304	8.7046
Motilal Oswal Quant	15.52	11.7284	9.9077
SBI Automotive Opportunities	15.42	11.3944	9.6373
Aditya Birla Sun Life Digital India	15.18	220.9900	187.4400

Equity: Focused

Fund	Change (%)	NAV (52w high)	Latest NAV
Motilal Oswal Focused 25	19.42	59.9011	48.2686

Hybrid: Dynamic Asset Allocation Or Balanced Advantage

Fund	Change (%)	NAV (52w high)	Latest NAV
Motilal Oswal Balanced Advantage	19.34	25.6127	20.6588

Equity: Flexi Cap

Fund	Change (%)	NAV (52w high)	Latest NAV
Samco Flexi Cap	19.65	13.2300	10.6300
NJ Flexi Cap	17.54	16.4200	13.5400
Shriram Flexi Cap	16.12	26.2302	22.0016

Other: FoF Domestic

Fund	Change (%)	NAV (52w high)	Latest NAV
Motilal Oswal Nasdaq 100	19.24	46.8357	37.8236
Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF	18.24	12.0660	9.8650
Groww Nifty EV New Age Automotive ETF FOF	18.17	10.9268	8.9417
Mirae Asset Nifty200 Alpha 30 ETF	18.08	10.4030	8.5220
ICICI Prudential Nifty Alpha Low Volatility 30 ETF FOF	15.20	17.7260	15.0310

Hybrid: Multi Asset Allocation

Fund	Change (%)	NAV (52w high)	Latest NAV
Motilal Oswal Multi Asset	17.08	15.2014	12.6048

Other: Index Funds

Fund	Change (%)	NAV (52w high)	Latest NAV
Tata Nifty Realty Index	22.07	11.8337	9.2225
Bandhan Nifty Alpha 50 Index	20.26	16.4251	13.0970
Nippon India Nifty Realty Index	19.82	10.3808	8.3232
ICICI Prudential Nifty 200 Momentum 30 Index	19.74	20.7590	16.6613
BANDHAN NIFTY200 MOMENTUM 30 INDEX	19.66	19.5099	15.6745
Kotak Nifty 200 Momentum 30 Index	19.43	18.1020	14.5850
UTI Nifty 200 Momentum 30 Index	19.34	26.2739	21.1918
Nippon India Nifty 500 Momentum 50 Index	19.19	10.0804	8.1459
Motilal Oswal Nifty 500 Momentum 50 Index	19.13	10.0362	8.1167
Baroda BNP Paribas Nifty200 Momentum 30 Index	18.14	9.9509	8.1454
DSP Nifty Smallcap250 Quality 50 Index	17.92	13.8089	11.3342
Tata Nifty200 Alpha 30 Index	17.23	10.0180	8.2919
Axis Nifty IT Index	16.34	15.6824	13.1199
Bandhan Nifty IT Index	16.30	15.2170	12.7360
Bandhan Nifty 500 Momentum 50 Index	16.26	10.4663	8.7641
Nippon India Nifty IT Index	16.23	12.2176	10.2346
ICICI Prudential Nifty IT Index	16.21	15.8208	13.2566
Navi NiftyIT Index	16.17	13.2921	11.1434
Edelweiss Nifty Alpha Low Volatility 30 Index	15.05	11.8038	10.0271
Nippon India Nifty Alpha Low Volatility 30 Index	15.02	18.9024	16.0628

Equity: ELSS

Fund	Change (%)	NAV (52w high)	Latest NAV
Samco ELSS Tax Saver	16.36	15.8900	13.2900

Equity: Small Cap

Fund	Change (%)	NAV (52w high)	Latest NAV
LIC MF Small Cap	15.74	38.5371	32.4728
HSBC Small Cap	15.49	101.6595	85.9171

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.