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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
22 mins read
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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?

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:

Disclaimer: Fund names in this article do not constitute as recommendations to either enter or exit those funds.

📚 Topics covered:

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%

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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%

Also read
What is a stock SIP? Should you have one?

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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This post titled The worst performing mutual funds of 2021: are you invested in these funds? first appeared on 02 Jan 2022 at https://arthgyaan.com


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