The worst performing mutual funds of 2021: are you invested in these funds?
This article shows the funds and categories of mutual funds which have been the worst performers in 2021.
The worst performing mutual funds of 2021: are you invested in these funds?
Posted on 02 Jan 2022
Author: Sayan Sircar
Tags: 
Mutual Funds
22 mins read
Mutual Funds
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This article shows the funds and categories of mutual funds which have been the worst performers in 2021.
This article is a part of our detailed article series on the worst performing mutual funds in India. Ensure you have read the other parts here:
-
The worst performing equity mutual funds post-COVID: are you invested in these funds?
This article shows the funds and categories of mutual funds which have been the worst performers in since the 2020 market crash caused by COVID.
-
Worst mutual funds of 4th June 2024: which mutual funds fell the most on election results day?
This article lists all the mutual funds that fell the most due to market volatility on 4th June 2024.
-
The worst performing mutual funds of 2023: are you invested in these funds?
This article shows the funds and categories of mutual funds which have been the worst performers in 2023.
-
Are you invested in these worst-performing mutual funds?
This article lists mutual funds with the worst historical performance over 3, 5, 10, 15, and 20 years.
-
The worst performing mutual funds of 2022: are you invested in these funds?
This article shows the funds and categories of mutual funds which have been the worst performers in 2022.
Disclaimer: Fund names in this article do not constitute as recommendations to either enter or exit those funds.
📚 Topics covered:
- Worst performing types of funds
- Funds: worst performing debt mutual funds
- Category: Liquid Fund
- Category: Overnight Fund
- Category: Ultra Short Duration Fund
- Category: Dynamic Bond
- Category: Banking and PSU Fund
- Category: Gilt Fund
- Category: Short Duration Fund
- Category: Low Duration Fund
- Category: Money Market Fund
- Category: Corporate Bond Fund
- Category: Medium Duration Fund
- Category: Credit Risk Fund
- Category: Medium to Long Duration Fund
- Category: Floater Fund
- Category: Gilt Fund with 10 year constant duration
- Category: Long Duration Fund
- Category: Sectoral/ Thematic
- Funds: worst performing equity mutual funds
- Funds: worst performing hybrid mutual funds
- Funds: worst performing international mutual funds
- Funds: worst performing mutual funds in the “other” category
Note: Domestic index funds tracking broad indices like the Nifty 50 or Sensex will generally not be found in a table of worst performing mutual funds. Since index funds give “average” return, their position will always be above the worst performers in their respective category. For the same reason, they will not be found in the best performing fund lists as well.
The fund categories in this article are as per AMFI classification. The performance figures are from AMFI website. All funds in this article are of the Direct Growth Category: Do not make this mistake when investing in mutual funds.
Please use the find feature of your browser to locate the funds or categories you are interested in.
Worst performing types of funds
Worst debt funds category-wise
| Category | Fund count | Average | Max | Min |
|---|---|---|---|---|
| Medium Duration Fund | 14 | 3.13% | 18.09% | -16.25% |
| Credit Risk Fund | 14 | 5.99% | 22.36% | -16.11% |
| Dynamic Bond | 21 | 4.11% | 14.70% | -15.63% |
| Corporate Bond Fund | 16 | 2.89% | 5.13% | -15.61% |
| Gilt Fund with 10 year constant duration | 3 | 1.92% | 2.95% | 0.89% |
| Long Duration Fund | 2 | 1.06% | 1.11% | 1.01% |
| Gilt Fund | 19 | 3.04% | 4.86% | 1.45% |
| Medium to Long Duration Fund | 13 | 3.80% | 9.85% | 1.46% |
| Banking and PSU Fund | 21 | 3.88% | 4.86% | 2.95% |
| Liquid Fund | 33 | 3.36% | 4.28% | 3.01% |
| Overnight Fund | 24 | 3.19% | 3.27% | 3.12% |
| Ultra Short Duration Fund | 21 | 4.58% | 11.87% | 3.16% |
| Money Market Fund | 17 | 3.78% | 4.13% | 3.20% |
| Short Duration Fund | 18 | 4.76% | 12.55% | 3.29% |
| Low Duration Fund | 18 | 5.05% | 16.80% | 3.44% |
| Floater Fund | 7 | 4.06% | 4.54% | 3.72% |
Worst equity funds category-wise
| Category | Fund count | Average | Max | Min |
|---|---|---|---|---|
| Sectoral/ Thematic | 89 | 33.81% | 84.20% | -5.16% |
| ELSS | 34 | 32.97% | 63.27% | 12.68% |
| Focused Fund | 20 | 33.27% | 43.16% | 15.98% |
| Flexi Cap Fund | 22 | 34.06% | 58.27% | 16.33% |
| Large Cap Fund | 26 | 27.86% | 34.42% | 18.06% |
| Multi Cap Fund | 9 | 44.34% | 53.51% | 21.85% |
| Value Fund | 14 | 36.93% | 66.24% | 25.53% |
| Mid Cap Fund | 21 | 46.23% | 66.92% | 29.58% |
| Large & Mid Cap Fund | 25 | 39.18% | 48.04% | 29.91% |
| Contra Fund | 2 | 31.60% | 31.94% | 31.26% |
| Dividend Yield Fund | 6 | 40.93% | 48.66% | 31.77% |
| Small Cap Fund | 20 | 64.75% | 91.73% | 34.93% |
Worst hybrid funds category-wise
| Category | Fund count | Average | Max | Min |
|---|---|---|---|---|
| Conservative Hybrid Fund | 14 | 9.48% | 15.39% | -15.58% |
| Arbitrage Fund | 22 | 4.06% | 4.61% | 2.79% |
| Multi Asset Allocation | 7 | 20.63% | 35.54% | 5.92% |
| Equity Savings | 20 | 13.40% | 18.36% | 7.73% |
| Dynamic Asset Allocation or Balanced Advantage | 15 | 16.32% | 27.11% | 8.74% |
| Aggressive Hybrid Fund | 25 | 26.56% | 44.59% | 15.14% |
| Balanced Hybrid Fund | 1 | 17.38% | 17.38% | 17.38% |
Worst “other” funds category-wise
| Category | Fund count | Average | Max | Min |
|---|---|---|---|---|
| FoF Overseas | 27 | 11.05% | 31.32% | -26.39% |
| FoF Domestic | 46 | 15.78% | 46.25% | -5.25% |
| Overseas Index Funds | 24 | 27.68% | 61.37% | 18.78% |
| Retirement Fund | 19 | 17.07% | 49.34% | 3.28% |
| Children’s Fund | 6 | 36.90% | 80.01% | 16.67% |
In the sections below, we will pick up up to 3 worst performers in the same category.
Funds: worst performing debt mutual funds
Category: Liquid Fund
| Fund | 2021 return |
|---|---|
| YES Liquid Fund- Direct plan-Growth Option | 3.01% |
| Motilal Oswal Liquid Fund | 3.09% |
| ITI Liquid Fund Option | 3.13% |
Category: Overnight Fund
| Fund | 2021 return |
|---|---|
| Indiabulls Overnight Fund Option | 3.12% |
| ITI Overnight Fund Option | 3.14% |
| Franklin India Overnight Fund - Direct | 3.14% |
Category: Ultra Short Duration Fund
| Fund | 2021 return |
|---|---|
| Motilal Oswal Ultra Short Term Fund (MOFUSTF) -Direct Plan | 3.16% |
| LIC MF Ultra Short Term Fund | 3.36% |
| BOI AXA Ultra Short Duration Fund | 3.37% |
Category: Dynamic Bond
| Fund | 2021 return |
|---|---|
| UTI - Dynamic Bond Fund (Segregated - 17022020) Option | -15.63% |
| Union Dynamic Bond Fund Option | 2.24% |
| IDFC Dynamic Bond Fund | 2.67% |
Category: Banking and PSU Fund
| Fund | 2021 return |
|---|---|
| UTI Banking & PSU Debt Fund Option | 2.95% |
| SBI BANKING & PSU FUND | 3.07% |
| Sundaram Banking and PSU Debt Fund Direct Plan | 3.13% |
Category: Gilt Fund
| Fund | 2021 return |
|---|---|
| Invesco India Gilt Fund - Direct Plan | 1.45% |
| Tata Gilt Securities Fund Option | 1.66% |
| LIC MF Government Securities Fund | 2.49% |
Category: Short Duration Fund
| Fund | 2021 return |
|---|---|
| LIC MF Short Term Debt Fund | 3.29% |
| Invesco India Short Term Fund | 3.45% |
| BOI AXA Short Term Income Fund-Direct Plan | 3.46% |
Category: Low Duration Fund
| Fund | 2021 return |
|---|---|
| JM Low Duration Fund (Direct) | 3.44% |
| IDFC Low Duration Fund | 3.71% |
| Mirae Asset Savings Fund | 3.74% |
Category: Money Market Fund
| Fund | 2021 return |
|---|---|
| Baroda Money Market Fund | 3.20% |
| Sundaram Money Market Fund Direct Plan | 3.45% |
| IDFC Money Manager Fund | 3.64% |
Category: Corporate Bond Fund
| Fund | 2021 return |
|---|---|
| UTI - Bond Fund (Segregated - 17022020) Option | -15.61% |
| Union Corporate Bond Fund Option | 3.19% |
| SBI Corporate Bond Fund | 3.36% |
Category: Medium Duration Fund
| Fund | 2021 return |
|---|---|
| Nippon India Strategic Debt Fund - Segregated Portfolio 1 Option | -16.25% |
| UTI - Medium Term Fund (Segregated - 17022020) Option | -15.62% |
| Sundaram Medium Term Bond Fund Direct Plan | 2.72% |
Category: Credit Risk Fund
| Fund | 2021 return |
|---|---|
| Nippon India Credit Risk Fund - Segregated Portfolio 1 Plan | -16.11% |
| UTI - Credit Risk Fund (Segregated - 17022020) Option | -15.53% |
| DSP Credit Risk Fund | 3.74% |
Category: Medium to Long Duration Fund
| Fund | 2021 return |
|---|---|
| LIC MF Bond Fund | 1.46% |
| IDFC Bond Fund - Income Plan | 1.90% |
| HSBC Debt Fund Direct | 2.17% |
Category: Floater Fund
| Fund | 2021 return |
|---|---|
| SBI Floating Rate Debt Fund | 3.72% |
| Aditya Birla Sun Life Floating Rate Fund | 3.81% |
| UTI - Floater Fund Option | 3.93% |
Category: Gilt Fund with 10 year constant duration
| Fund | 2021 return |
|---|---|
| DSP 10Y G-Sec Fund | 0.89% |
| IDFC Government Securities Fund - Constant Maturity Plan | 1.92% |
| ICICI Prudential Constant Maturity Gilt Fund | 2.95% |
Category: Long Duration Fund
| Fund | 2021 return |
|---|---|
| ICICI Prudential Long Term Bond Fund | 1.01% |
| Nippon India Nivesh Lakshya Fund Option | 1.11% |
Category: Sectoral/ Thematic
| Fund | 2021 return |
|---|---|
| Franklin Asian Equity Fund - Direct | -5.16% |
| Nippon India Japan Equity Fund Plan Option | 7.04% |
| Nippon India Japan Equity Fund Plan- Bonus Option | 7.04% |
Funds: worst performing equity mutual funds
Category: ELSS
| Fund | 2021 return |
|---|---|
| Aditya Birla Sun Life Tax Plan Option | 12.68% |
| Aditya Birla Sun Life Tax Relief ‘96 | 13.64% |
| Taurus Taxshield | 20.95% |
Category: Large Cap Fund
| Fund | 2021 return |
|---|---|
| Taurus Largecap Equity Fund | 18.06% |
| Indiabulls Blue Chip Fund Option | 19.07% |
| DSP Top 100 Equity Fund | 20.45% |
Category: Large & Mid Cap Fund
| Fund | 2021 return |
|---|---|
| Tata Large & MId Cap Fund -Direct Plan Option | 29.91% |
| Invesco India Growth Opportunities Fund | 31.44% |
| Kotak Equity Opportunities Fund - Direct | 32.03% |
Category: Flexi Cap Fund
| Fund | 2021 return |
|---|---|
| Motilal Oswal Flexi cap Fund | 16.33% |
| LIC MF Flexi Cap Fund | 21.34% |
| Taurus Flexi Cap Fund | 22.13% |
Category: Mid Cap Fund
| Fund | 2021 return |
|---|---|
| DSP Midcap Fund | 29.58% |
| Taurus Discovery (Midcap) Fund | 33.19% |
| Franklin India Prima Fund - Direct | 33.67% |
Category: Small Cap Fund
| Fund | 2021 return |
|---|---|
| ITI Small Cap Fund Option | 34.93% |
| SBI Small Cap Fund | 49.11% |
| Aditya Birla Sun Life Small Cap Fund | 52.88% |
Category: Focused Fund
| Fund | 2021 return |
|---|---|
| Motilal Oswal Focused 25 Fund (MOF25) | 15.98% |
| JM Core 11 Fund (Direct) Option | 17.62% |
| DSP Focus Fund | 23.57% |
Category: Value Fund
| Fund | 2021 return |
|---|---|
| Quantum Long Term Equity Value Fund | 25.53% |
| Indiabulls Value Fund Option | 28.95% |
| Tata Equity P/E Fund -Direct Plan | 29.39% |
Category: Multi Cap Fund
| Fund | 2021 return |
|---|---|
| ITI Multi Cap Fund Option | 21.85% |
| ICICI Prudential Multicap Fund - Growth | 37.62% |
| Invesco India Multicap Fund Option | 42.54% |
Category: Dividend Yield Fund
| Fund | 2021 return |
|---|---|
| IDBI Dividend Yield Fund | 31.77% |
| Aditya Birla Sun Life Dividend Yield Fund | 37.11% |
| UTI-Dividend Yield Fund.-Growth-Direct | 39.66% |
Category: Contra Fund
| Fund | 2021 return |
|---|---|
| Invesco India Contra Fund | 31.26% |
| Kotak India EQ Contra Fund - Direct | 31.94% |
Funds: worst performing hybrid mutual funds
Category: Aggressive Hybrid Fund
| Fund | 2021 return |
|---|---|
| Motilal Oswal Equity Hybrid Fund (MOFEH) | 15.14% |
| Shriram Hybrid Equity Fund- Direct Growth | 16.74% |
| LIC MF Equity Hybrid Fund | 16.96% |
Category: Arbitrage Fund
| Fund | 2021 return |
|---|---|
| BOI AXA Arbitrage Fund Direct Plan Growth | 2.79% |
| ITI Arbitrage Fund Option | 3.15% |
| JM Arbitrage Fund (Direct) Option | 3.16% |
Category: Equity Savings
| Fund | 2021 return |
|---|---|
| Baroda Equity Savings Fund | 7.73% |
| Union Equity Savings Fund Option | 9.35% |
| IDBI Equity Savings Fund Direct | 11.21% |
Category: Dynamic Asset Allocation or Balanced Advantage
| Fund | 2021 return |
|---|---|
| Motilal Oswal Dynamic Fund (MOFDYNAMIC) Option | 8.74% |
| Union Balanced Advantage Fund Option | 10.65% |
| DSP Dynamic Asset Allocation Fund | 10.80% |
Category: Conservative Hybrid Fund
| Fund | 2021 return |
|---|---|
| UTI - Regular Saving Fund (Segregated - 17022020) Option | -15.58% |
| IDFC Regular Savings Fund | 7.02% |
| Navi Regular Savings Fund Option | 7.86% |
Category: Multi Asset Allocation
| Fund | 2021 return |
|---|---|
| Motilal Oswal Multi Asset Fund Option | 5.92% |
| UTI - Multi Asset Fund Option | 12.69% |
| HDFC Multi-Asset Fund Option | 19.65% |
Category: Balanced Hybrid Fund
| Fund | 2021 return |
|---|---|
| Nippon India Balanced Advantage Fund Growth Plan Option | 17.38% |
Funds: worst performing international mutual funds
Category: FoF Overseas
| Fund | 2021 return |
|---|---|
| HSBC Brazil Fund Direct | -26.39% |
| DSP World Gold Fund | -8.37% |
| Edelweiss Greater China Equity Off-shore Fund Option | -7.67% |
Funds: worst performing mutual funds in the “other” category
Category: Retirement Fund
| Fund | 2021 return |
|---|---|
| Aditya Birla Sun Life Retirement Fund-The 50s Plus-Debt Plan | 3.28% |
| Aditya Birla Sun Life Retirement Fund-The 50s Plan | 3.34% |
| ICICI Prudential Retirement Fund - Pure Debt Option | 4.62% |
Category: Children’s Fund
| Fund | 2021 return |
|---|---|
| LIC MF Children’s Gift Fund | 16.67% |
| Axis Children’s Gift Fund - Lock in | 28.04% |
| Axis Children’s Gift Fund - No Lock in | 28.27% |
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