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 28-May-2025.

Equity: Sectoral or Thematic

Fund	Change (%)	NAV (52w high)	Latest NAV
Shriram Multi Sector Rotation	21.64	10.0649	7.8873
Samco Special Opportunities	20.09	10.6500	8.5100
quant PSU	18.05	12.9481	10.6104
quant Manufacturing	17.13	18.1436	15.0360
Tata Digital India	17.12	65.7465	54.4895
Union Active Momentum	17.10	10.3500	8.5800
quant Business Cycle	16.72	19.8302	16.5148
Tata Infrastructure	16.45	220.7345	184.4260
Aditya Birla Sun Life Transportation and Logistics	16.18	16.2500	13.6200
SBI Automotive Opportunities	15.82	11.3944	9.5923
HDFC MNC	15.77	15.6960	13.2200
quant Infrastructure	15.70	48.0536	40.5092

Equity: Focused

Fund	Change (%)	NAV (52w high)	Latest NAV
Motilal Oswal Focused 25	17.33	59.9011	49.5177

Hybrid: Dynamic Asset Allocation Or Balanced Advantage

Fund	Change (%)	NAV (52w high)	Latest NAV
Motilal Oswal Balanced Advantage	18.38	25.6127	20.9053

Equity: Flexi Cap

Fund	Change (%)	NAV (52w high)	Latest NAV
NJ Flexi Cap	17.30	16.4200	13.5800
Samco Flexi Cap	16.70	13.2300	11.0200
Shriram Flexi Cap	15.71	26.2302	22.1084

Other: FoF Domestic

Fund	Change (%)	NAV (52w high)	Latest NAV
Motilal Oswal Nasdaq 100	19.49	46.8357	37.7055
Mirae Asset Nifty200 Alpha 30 ETF	18.59	10.4030	8.4690
Groww Nifty EV New Age Automotive ETF FOF	18.12	10.9268	8.9469
Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF	16.29	12.0660	10.1000
ICICI Prudential Nifty Alpha Low Volatility 30 ETF FOF	16.26	17.7260	14.8444
Mirae Asset SP 500 Top 50 ETF	15.40	22.8490	19.3310

Hybrid: Multi Asset Allocation

Fund	Change (%)	NAV (52w high)	Latest NAV
Motilal Oswal Multi Asset	15.95	15.2014	12.7762

Other: Index Funds

Fund	Change (%)	NAV (52w high)	Latest NAV
ICICI Prudential Nifty 200 Momentum 30 Index	20.58	20.7590	16.4871
BANDHAN NIFTY200 MOMENTUM 30 INDEX	20.50	19.5099	15.5101
Kotak Nifty 200 Momentum 30 Index	20.27	18.1020	14.4320
UTI Nifty 200 Momentum 30 Index	20.19	26.2739	20.9696
Nippon India Nifty 500 Momentum 50 Index	19.47	10.0804	8.1181
Motilal Oswal Nifty 500 Momentum 50 Index	19.40	10.0362	8.0888
Baroda BNP Paribas Nifty200 Momentum 30 Index	18.95	9.9509	8.0657
Bandhan Nifty Alpha 50 Index	18.60	16.4251	13.3704
Axis Nifty IT Index	18.12	15.6824	12.8407
Bandhan Nifty IT Index	18.09	15.2170	12.4641
Nippon India Nifty IT Index	18.01	12.2176	10.0169
ICICI Prudential Nifty IT Index	18.00	15.8208	12.9738
Tata Nifty Realty Index	18.00	11.8337	9.7032
Navi NiftyIT Index	17.94	13.2921	10.9079
Tata Nifty200 Alpha 30 Index	17.70	10.0180	8.2451
Bandhan Nifty 500 Momentum 50 Index	16.55	10.4663	8.7339
Edelweiss Nifty Alpha Low Volatility 30 Index	16.10	11.8038	9.9033
Nippon India Nifty Alpha Low Volatility 30 Index	16.07	18.9024	15.8650
Nippon India Nifty Realty Index	15.65	10.3808	8.7562
Tata Nifty Auto Index	15.27	12.4933	10.5852
ICICI Prudential Nifty Auto Index	15.24	22.0777	18.7132

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.