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
Liquid Fund
33
7.39%
7.53%
7.00%
Overnight Fund
32
6.71%
6.96%
6.49%
Money Market Fund
22
7.72%
8.00%
6.53%
Banking and PSU Fund
22
8.23%
8.91%
7.68%
Ultra Short Duration Fund
21
7.70%
8.08%
6.63%
Short Duration Fund
21
8.41%
9.69%
7.68%
Gilt Fund
21
9.67%
11.30%
7.90%
Dynamic Bond
20
9.43%
10.95%
7.91%
Low Duration Fund
19
7.93%
8.19%
7.59%
Corporate Bond Fund
19
8.49%
8.83%
7.96%
Medium Duration Fund
13
8.80%
11.27%
7.16%
Medium to Long Duration Fund
12
8.98%
10.12%
8.00%
Credit Risk Fund
12
9.03%
12.92%
8.02%
Floater Fund
10
8.61%
9.69%
7.54%
Long Duration Fund
7
11.41%
11.77%
10.71%
Gilt Fund with 10 year constant duration
4
9.53%
9.93%
9.20%
Worst equity funds category-wise
Category
Fund count
Average
Max
Min
Sectoral/ Thematic
137
23.42%
52.22%
1.57%
ELSS
38
21.10%
49.50%
9.78%
Flexi Cap Fund
35
22.06%
46.96%
6.08%
Mid Cap Fund
29
30.47%
58.85%
11.76%
Large Cap Fund
29
16.59%
22.98%
11.08%
Large & Mid Cap Fund
27
25.04%
48.05%
16.52%
Focused Fund
26
21.16%
45.09%
10.86%
Small Cap Fund
25
28.31%
48.16%
16.89%
Multi Cap Fund
23
25.49%
34.47%
12.56%
Value Fund
20
21.96%
30.38%
12.87%
Dividend Yield Fund
9
20.70%
33.29%
13.67%
Contra Fund
2
27.69%
31.65%
23.74%
Worst hybrid funds category-wise
Category
Fund count
Average
Max
Min
Dynamic Asset Allocation or Balanced Advantage
28
14.64%
22.05%
8.82%
Arbitrage Fund
26
8.06%
8.47%
6.97%
Aggressive Hybrid Fund
25
18.57%
29.28%
11.93%
Equity Savings
22
12.00%
25.17%
8.15%
Conservative Hybrid Fund
15
11.26%
16.93%
8.50%
Multi Asset Allocation
14
15.60%
21.90%
3.80%
Balanced Hybrid Fund
3
16.46%
17.85%
14.36%
Worst “other” funds category-wise
Category
Fund count
Average
Max
Min
FoF Overseas
51
13.14%
30.28%
-28.70%
FoF Domestic
74
17.80%
86.60%
7.62%
Retirement Fund
28
15.82%
25.87%
7.41%
Children’s Fund
7
20.06%
40.18%
13.11%
In the sections below, we will pick up up to 3 worst performers in the same category.
Funds: worst performing equity mutual funds
Category: Sectoral/ Thematic
Fund (category avg = 23.42%
2024 return
ICICI Prudential FMCG Fund
1.57%
LIC MF Banking and Financial Services Fund
2.17%
Aditya Birla Sun Life International Equity Fund
8.06%
Category: ELSS
Fund (category avg = 21.10%
2024 return
360 ONE ELSS Tax Saver Nifty 50 Index Fund
9.78%
Samco ELSS Tax Saver Fund
10.21%
quant ELSS Tax Saver Fund
10.38%
Note: It is interesting that the ELSS fund tracking the Nifty 50 is the worst performer of the entire ELSS universe. This is one of the reasons that ELSS funds are not benchmarked against the Nifty 50 index.
Category: Flexi Cap Fund
Fund (category avg = 22.06%
2024 return
Samco Flexi Cap Fund
6.08%
Navi Flexi Cap Fund
13.47%
Tata Flexi Cap Fund
14.03%
Category: Mid Cap Fund
Fund (category avg = 30.47%
2024 return
Taurus Mid Cap Fund
11.76%
quant Mid Cap Fund
20.27%
Mirae Asset Midcap Fund
20.86%
Category: Large Cap Fund
Fund (category avg = 16.59%
2024 return
PGIM India Large Cap Fund
11.08%
UTI Large Cap Fund
12.19%
HDFC Top 100 Fund
12.31%
Category: Large & Mid Cap Fund
Fund (category avg = 25.04%
2024 return
Aditya Birla Sun Life Equity Advantage Fund
16.52%
Mirae Asset Large & Midcap Fund
16.65%
Tata Large & MId Cap Fund
16.82%
Category: Focused Fund
Fund (category avg = 21.16%
2024 return
Nippon India Focused Equity Fund
10.86%
quant Focused Fund
13.34%
LIC MF Focused Fund
13.44%
Category: Small Cap Fund
Fund (category avg = 28.31%
2024 return
ICICI Prudential Smallcap Fund
16.89%
Sundaram Small Cap Fund
20.41%
HDFC Small Cap Fund
21.54%
Category: Multi Cap Fund
Fund (category avg = 25.49%
2024 return
Sundaram Multi Cap Fund
12.56%
Tata Multicap Fund
14.27%
Mirae Asset Multicap Fund
18.89%
Category: Value Fund
Fund (category avg = 21.96%
2024 return
Groww Value Fund
12.87%
Baroda BNP Paribas Value Fund
16.53%
Templeton India Value Fund
16.55%
Category: Dividend Yield Fund
Fund (category avg = 20.70%
2024 return
Tata Dividend Yield Fund
13.67%
SBI Dividend Yield Fund
15.75%
Sundaram Dividend Yield Fund
17.22%
Category: Contra Fund
Fund (category avg = 27.69%
2024 return
Kotak India EQ Contra Fund
23.74%
Invesco India Contra Fund
31.65%
Note: There are only two contra funds in the market.
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Funds: worst performing hybrid mutual funds
Category: Dynamic Asset Allocation or Balanced Advantage
Category: Gilt Fund with 10 year constant duration
Fund (category avg = 9.53%
2024 return
DSP 10Y G-Sec Fund
9.20%
ICICI Prudential Constant Maturity Gilt Fund
9.44%
UTI Gilt Fund with 10 year Constant Duration
9.57%
Funds: worst performing other mutual funds
Category: FoF Overseas
Fund (category avg = 13.14%
2024 return
HSBC Brazil Fund
-28.70%
Mahindra Manulife Asia Pacific REITs FOF
-8.85%
DSP World Mining Fund of Fund
-7.46%
Category: FoF Domestic
Fund (category avg = 17.80%
2024 return
Axis Nifty AAA Bond Plus SDL Apr 2026 50:50 ETF FOF
7.62%
BHARAT Bond FOF- April 2025
7.75%
Aditya Birla Sun Life Active Debt Multi Manager FoF Scheme
7.97%
Note: The AMFI classification of Domestic Fund of Funds consists both equity and debt funds in the same FoF. The debt-only FoFs will therefore have the lower return vs. the equity-based funds in an up-market.
Category: Retirement Fund
Fund (category avg = 15.82%
2024 return
Aditya Birla Sun Life Retirement Fund-The 50s Plus-Debt Plan
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This post titled The worst performing mutual funds of 2024: are you invested in these funds? first appeared on 02 Jan 2025 at https://arthgyaan.com
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