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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.

The worst performing mutual funds of 2022: are you invested in these funds?


Posted on 02 Jan 2023
Author: Sayan Sircar
23 mins read
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This article shows the funds and categories of mutual funds which have been the worst performers in 2022.

The worst performing mutual funds of 2022: 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
Gilt Fund with 10 year constant duration 3 0.86% 1.39% 0.34%
Dynamic Bond 18 3.76% 10.78% 0.53%
Credit Risk Fund 12 4.73% 10.12% 0.94%
Banking and PSU Fund 21 3.84% 10.57% 1.13%
Medium to Long Duration Fund 12 5.04% 22.17% 1.23%
Medium Duration Fund 12 4.97% 25.73% 1.62%
Long Duration Fund 2 2.31% 2.76% 1.86%
Gilt Fund 18 2.98% 4.27% 1.99%
Corporate Bond Fund 17 3.72% 4.78% 2.34%
Short Duration Fund 20 5.08% 27.43% 3.11%
Floater Fund 10 4.60% 5.05% 3.32%
Ultra Short Duration Fund 21 4.82% 5.43% 4.11%
Money Market Fund 19 4.77% 5.11% 4.24%
Low Duration Fund 17 4.64% 5.16% 4.30%
Liquid Fund 31 4.85% 5.01% 4.54%
Overnight Fund 24 4.68% 4.78% 4.55%

Worst equity funds category-wise

Category Fund count Average Max Min
Sectoral/ Thematic 102 4.15% 30.52% -33.29%
Focused Fund 22 2.92% 19.93% -13.56%
Flexi Cap Fund 24 1.48% 19.09% -12.68%
Large & Mid Cap Fund 24 2.97% 15.02% -12.23%
ELSS 31 3.55% 14.18% -11.23%
Small Cap Fund 21 2.88% 11.20% -5.48%
Dividend Yield Fund 7 4.19% 10.82% -4.74%
Large Cap Fund 27 3.34% 12.30% -4.62%
Mid Cap Fund 22 3.84% 19.94% -4.47%
Multi Cap Fund 13 5.42% 14.97% -2.04%
Value Fund 18 7.21% 17.29% -1.80%
Contra Fund 2 6.98% 8.88% 5.09%
Multi Asset Allocation 7 5.62% 17.61% -4.31%

Worst hybrid funds category-wise

Category Fund count Average Max Min
Aggressive Hybrid Fund 24 4.51% 15.26% -3.94%
Dynamic Asset Allocation or Balanced Advantage 19 4.51% 19.56% -1.18%
Equity Savings 19 4.25% 7.90% 0.11%
Conservative Hybrid Fund 15 4.42% 7.87% 1.09%
Arbitrage Fund 22 4.61% 5.85% 3.23%
Balanced Hybrid Fund 1 6.54% 6.54% 6.54%

Worst “other” funds category-wise

Category Fund count Average Max Min
FoF Overseas 39 -12.83% 15.50% -38.57%
FoF Domestic 56 2.71% 13.14% -32.92%
Overseas Index Funds 49 1.84% 7.60% -25.32%
Children’s Fund 6 -1.26% 6.24% -6.22%
Retirement Fund 26 2.72% 9.95% -5.62%

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 2022 return
WhiteOak Capital Liquid Fund 4.54%
Motilal Oswal Liquid Fund 4.55%
Parag Parikh Liquid Fund 4.61%

Category: Overnight Fund

Fund 2022 return
Indiabulls Overnight Fund Option 4.55%
ITI Overnight Fund Option 4.58%
Edelweiss Overnight Fund 4.60%

Category: Ultra Short Duration Fund

Fund 2022 return
Motilal Oswal Ultra Short Term Fund (MOFUSTF) 4.11%
LIC MF Ultra Short Term Fund 4.43%
BANK OF INDIA Ultra Short Duration Fund 4.56%

Category: Banking and PSU Fund

Fund 2022 return
Invesco India Banking & PSU Debt Fund 1.13%
Baroda BNP Paribas Banking and PSU Bond Fund 2.11%
Edelweiss Banking and PSU Debt Fund 2.92%

Category: Short Duration Fund

Fund 2022 return
LIC MF Short Term Debt Fund 3.11%
IDFC Bond Fund - Short Term 3.28%
Indiabulls Short Term Fund Option 3.30%

Category: Money Market Fund

Fund 2022 return
DSP Savings Fund 4.24%
Invesco India Money Market Fund 4.25%
Edelweiss Money Market Fund Option 4.25%

Category: Gilt Fund

Fund 2022 return
IDFC Government Securities Fund- Investment Plan 1.99%
HDFC Gilt Fund Option 2.16%
Baroda BNP Paribas GILT FUND Option 2.33%

Category: Dynamic Bond

Fund 2022 return
Union Dynamic Bond Fund Option 0.53%
IDFC Dynamic Bond Fund 1.86%
Mahindra Manulife Dynamic Bond Yojana 1.96%

Category: Low Duration Fund

Fund 2022 return
IDFC Low Duration Fund 4.30%
Invesco India Treasury Advantage Fund 4.34%
Tata Treasury Advantage Fund Option 4.38%

Category: Corporate Bond Fund

Fund 2022 return
DSP Corporate Bond Fund - Direct 2.34%
Union Corporate Bond Fund Option 2.76%
Tata Corporate Bond Fund 2.89%

Category: Medium to Long Duration Fund

Fund 2022 return
JM Medium to Long Duration Fund (Direct) Option 1.23%
IDFC Bond Fund - Income Plan 1.27%
HSBC Medium to Long Duration Fund 1.37%

Category: Medium Duration Fund

Fund 2022 return
Union Medium Duration Fund 1.62%
Sundaram Medium Term Bond Fund 1.67%
IDFC Bond Fund - Medium Term Plan 1.92%

Category: Credit Risk Fund

Fund 2022 return
Franklin India Credit Risk Fund 0.94%
Kotak Credit Risk Fund - Direct 1.89%
Invesco India Credit Risk Fund 3.48%

Category: Floater Fund

Fund 2022 return
DSP Floater Fund 3.32%
Nippon India Floating Rate Fund 4.11%
UTI - Floater Fund Option 4.29%

Category: Gilt Fund with 10 year constant duration

Fund 2022 return
DSP 10Y G-Sec Fund 0.34%
IDFC Government Securities Fund - Constant Maturity Plan 0.86%
ICICI Prudential Constant Maturity Gilt Fund 1.39%

Category: Long Duration Fund

Fund 2022 return
ICICI Prudential Long Term Bond Fund 1.86%
Nippon India Nivesh Lakshya Fund Option 2.76%

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Funds: worst performing equity mutual funds

Category: Sectoral/ Thematic

Fund 2022 return
Nippon India Taiwan Equity Fund Option -33.29%
ICICI Prudential Technology Fund -22.28%
Tata Digital India Fund -22.00%

Category: ELSS

Fund 2022 return
Axis Long Term Equity Fund Option -11.23%
Invesco India Tax Plan -6.45%
UTI - Long Term Equity Fund (Tax Saving) Option -2.51%

Category: Large Cap Fund

Fund 2022 return
Axis Bluechip Fund -4.62%
BANK OF INDIA Bluechip Fund Growth -1.89%
Invesco India Largecap Fund -1.53%

Category: Large & Mid Cap Fund

Fund 2022 return
Aditya Birla Sun Life Equity Advantage Fund -12.23%
Axis Growth Opportunities Fund -7.58%
HSBC Large & Mid Cap Fund -2.19%

Category: Flexi Cap Fund

Fund 2022 return
UTI - Flexi Cap Fund-Growth Option -12.68%
Axis Flexi Cap Fund -7.61%
Parag Parikh Flexi Cap Fund -6.29%

Category: Mid Cap Fund

Fund 2022 return
Aditya Birla Sun Life Midcap Fund -4.47%
DSP Midcap Fund -3.97%
Axis Midcap Fund -3.86%

Category: Focused Fund

Fund 2022 return
Axis Focused 25 Fund Option -13.56%
Invesco India Focused 20 Equity Fund -7.22%
Mirae Asset Focused Fund Growth -5.62%

Category: Small Cap Fund

Fund 2022 return
Aditya Birla Sun Life Small Cap Fund -5.48%
PGIM India Small Cap Fund Option -3.47%
ICICI Prudential Nifty Smallcap 250 Index Fund -3.19%

Category: Value Fund

Fund 2022 return
DSP Value Fund -1.80%
Axis Value Fund 0.48%
Indiabulls Value Fund Option 4.19%

Category: Multi Cap Fund

Fund 2022 return
Baroda BNP Paribas MULTI CAP FUND Option -2.04%
Invesco India Multicap Fund Option -0.84%
Axis Multicap Fund -0.20%

Category: Dividend Yield Fund

Fund 2022 return
UTI-Dividend Yield Fund -4.74%
IDBI Dividend Yield Fund -0.22%
Tata Dividend Yield Fund 2.86%

Category: Contra Fund

Fund 2022 return
Invesco India Contra Fund 5.09%
Kotak India EQ Contra Fund - Direct 8.88%

Also read
What returns should we expect from equity investing?

Funds: worst performing hybrid mutual funds

Category: Aggressive Hybrid Fund

Fund 2022 return
Axis Equity Hybrid Fund Option -3.94%
PGIM India Hybrid Equity Fund -2.30%
DSP Equity & Bond Fund -1.70%

Category: Arbitrage Fund

Fund 2022 return
ITI Arbitrage Fund Option 3.23%
Indiabulls Arbitrage Fund Option 3.41%
BANK OF INDIA Arbitrage Fund Growth 3.43%

Category: Equity Savings

Fund 2022 return
Invesco India Equity Savings Fund 0.11%
Axis Equity Saver Fund 1.14%
Union Equity Savings Fund Option 2.36%

Category: Dynamic Asset Allocation or Balanced Advantage

Fund 2022 return
ITI Balanced Advantage Fund Option -1.18%
IDFC Balanced Advantage Fund Growth -0.44%
Motilal Oswal Dynamic Fund (MOFDYNAMIC) Option 0.14%

Category: Conservative Hybrid Fund

Fund 2022 return
IDFC Regular Savings Fund 1.09%
LIC MF Debt Hybrid Fund 1.86%
Axis Regular Saver Fund Option 1.86%

Category: Multi Asset Allocation

Fund 2022 return
Axis Triple Advantage Fund Option -4.31%
Motilal Oswal Multi Asset Fund Option 1.41%
Nippon India Multi Asset Fund Option 4.63%

Category: Balanced Hybrid Fund

Fund 2022 return
Nippon India Balanced Advantage Fund Growth Plan Option 6.54%

Funds: worst performing international mutual funds

Category: FoF Overseas

Fund 2022 return
Edelweiss US Technology Equity Fund of Fund -38.57%
Invesco India - Invesco Global Consumer Trends Fund of Fund -37.94%
PGIM India Emerging Markets Equity Fund -34.89%

Category: Overseas Index Funds

Fund 2022 return
Motilal Oswal Nasdaq 100 Fund of Fund Growth -25.90%
ICICI Prudential NASDAQ 100 Index Fund -25.32%
Motilal Oswal S&P 500 Index Fund Growth -9.80%

Funds: worst performing mutual funds in the “other” category

Category: Retirement Fund

Fund 2022 return
Axis Retirement Savings Fund - Aggressive Plan -5.62%
Axis Retirement Savings Fund - Dynamic Plan -4.81%
Axis Retirement Savings Fund - Conservative Plan -2.64%

Category: Children’s Fund

Fund 2022 return
Axis Children’s Gift Fund - Lock in -6.22%
Axis Children’s Gift Fund - No Lock in -6.01%
UTI CCF Investment Plan Option -2.94%

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This post titled The worst performing mutual funds of 2022: are you invested in these funds? first appeared on 02 Jan 2023 at https://arthgyaan.com


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