This article categorizes mutual funds based on relative performance, highlighting those offering lower returns at higher risk which can be potentially avoided by investors.
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.
If you are unhappy with the performance of your mutual funds, you can get a free Mutual Fund Portfolio review.
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:
This article shows the funds and categories of mutual funds which have been the worst performers in 2024.
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.
This article lists all the mutual funds that fell the most due to market volatility on 4th June 2024.
This article shows the funds and categories of mutual funds which have been the worst performers in 2023.
This article lists mutual funds with the worst historical performance over 3, 5, 10, 15, and 20 years.
This article shows the funds and categories of mutual funds which have been the worst performers in 2022.
This article shows the funds and categories of mutual funds which have been the worst performers in 2021.
The most basic and simplest equity mutual fund investment that an investor can make is a Nifty 50 Index fund.
Since a diversified index like the Nifty 50 is a decent representative of the stock market, since Nifty 500 and Nifty Total Market funds are quite new, and index funds tracking the Nifty 50 are quite common and popular, it makes a lot of sense to choose active funds that at least attempt to give better returns than the humble Nifty 50 index fund.
By better returns here, we mean, vs. the Nifty 50 index fund,
Funds that don’t give either better returns or have higher volatility than index funds should be carefully reviewed to understand the reason for underperformance.
If we split the list of all equity mutual funds then we will end up with four categories:
Users of the free Arthgyaan mutual fund portfolio review service will get the above chart created for all funds in their portfolio.
In this article, we will look at the latest list of equity mutual funds, including index funds tracking indices other than the Nifty 50, to check if they are in the worst category of lower returns and higher risk.
In the analysis below, we have chosen equity and hybrid mutual funds with worse returns at higher risk using the last three years of market data from AMFI for the period ending 15-Apr-2025. The funds that have fallen the most from their 52-week high levels are presented first.
Note: This chart represents point-to-point data. The funds in the list will change over time as the future performance of any particular fund is random and cannot be predicted in advance.
| Fund | Change (%) | NAV (52w high) | Latest NAV |
|---|---|---|---|
| Quantum Long Term Equity Value | 11.91 | 135.8200 | 119.6400 |
| DSP Value | 11.84 | 22.3220 | 19.6780 |
| ICICI Prudential Value Discovery | 10.94 | 524.2800 | 466.9400 |
| Fund | Change (%) | NAV (52w high) | Latest NAV |
|---|---|---|---|
| Quantum ELSS Tax Saver | 11.81 | 135.0900 | 119.1400 |
| HDFC ELSS Tax saver | 10.55 | 1541.7930 | 1379.0800 |
| Fund | Change (%) | NAV (52w high) | Latest NAV |
|---|---|---|---|
| BARODA BNP PARIBAS LARGE CAP | 15.09 | 271.7361 | 230.7329 |
| Franklin India Bluechip | 13.72 | 1180.3815 | 1018.4254 |
| Sundaram Large Cap | 13.29 | 24.0070 | 20.8162 |
| PGIM India Large Cap | 13.15 | 421.4400 | 366.0100 |
| Aditya Birla Sun Life Frontline Equity | 12.85 | 605.4800 | 527.6700 |
| Mirae Asset Large Cap | 12.83 | 130.9970 | 114.1920 |
| SBI BLUE CHIP | 12.48 | 105.7929 | 92.5872 |
| ICICI Prudential Bluechip | 11.93 | 124.6000 | 109.7400 |
| CANARA ROBECO BLUE CHIP EQUITY | 11.34 | 74.7000 | 66.2300 |
| Fund | Change (%) | NAV (52w high) | Latest NAV |
|---|---|---|---|
| UTI BSE Low Volatility Index | 14.64 | 18.2369 | 15.5662 |
| BANDHAN Nifty 50 Index | 12.68 | 57.5856 | 50.2821 |
| Axis Nifty 50 Index | 12.60 | 15.6240 | 13.6546 |
| Fund | Change (%) | NAV (52w high) | Latest NAV |
|---|---|---|---|
| Templeton India Equity Income | 13.58 | 164.5244 | 142.1748 |
| ICICI Prudential Dividend Yield Equity | 11.31 | 60.3900 | 53.5600 |
| Fund | Change (%) | NAV (52w high) | Latest NAV |
|---|---|---|---|
| JM Aggressive Hybrid | 13.42 | 147.1653 | 127.4180 |
| Shriram Aggressive Hybrid | 12.51 | 38.2658 | 33.4793 |
| LIC MF Aggressive Hybrid | 11.39 | 226.2375 | 200.4715 |
| Kotak Equity Hybrid | 11.11 | 73.5960 | 65.4190 |
| Groww Aggressive Hybrid | 10.77 | 23.9893 | 21.4067 |
| Tata Hybrid Equity | 10.68 | 508.3327 | 454.0252 |
| Baroda BNP Paribas Aggressive Hybrid | 10.52 | 32.4918 | 29.0751 |
| Invesco India Aggressive Hybrid | 10.06 | 25.7796 | 23.1865 |
| Fund | Change (%) | NAV (52w high) | Latest NAV |
|---|---|---|---|
| SBI Retirement Benefit | 15.60 | 22.4838 | 18.9756 |
| HDFC Retirement Savings | 12.84 | 59.5610 | 51.9150 |
| SBI Retirement Benefit | 12.37 | 20.4911 | 17.9566 |
| Axis Retirement | 11.90 | 22.4400 | 19.7700 |
| Tata Retirement Savings | 11.60 | 78.1158 | 69.0573 |
| Axis Retirement | 10.16 | 20.7700 | 18.6600 |
| Fund | Change (%) | NAV (52w high) | Latest NAV |
|---|---|---|---|
| Aditya Birla Sun Life Focused | 14.31 | 165.8028 | 142.0833 |
| Fund | Change (%) | NAV (52w high) | Latest NAV |
|---|---|---|---|
| SBI LARGE MIDCAP | 11.67 | 679.1047 | 599.8632 |
| ICICI Prudential Large Mid Cap | 10.73 | 1136.2200 | 1014.3300 |
| Fund | Change (%) | NAV (52w high) | Latest NAV |
|---|---|---|---|
| SBI CONTRA | 13.30 | 440.4668 | 381.9029 |
| Fund | Change (%) | NAV (52w high) | Latest NAV |
|---|---|---|---|
| ICICI Prudential Nifty 100 Low Volatility 30 ETF FOF | 14.83 | 19.8080 | 16.8700 |
| HSBC Aggressive Hybrid Active FOF | 11.79 | 43.2582 | 38.1582 |
| ICICI Prudential India Equity FOF | 11.34 | 32.6487 | 28.9477 |
| ICICI Prudential Passive Strategy | 10.48 | 174.6396 | 156.3456 |
| Fund | Change (%) | NAV (52w high) | Latest NAV |
|---|---|---|---|
| UTI MNC | 19.46 | 476.5359 | 383.8164 |
| ICICI Prudential MNC | 17.26 | 33.0200 | 27.3200 |
| SBI Equity Minimum Variance | 16.74 | 27.2354 | 22.6758 |
| ICICI Prudential Bharat Consumption | 16.49 | 29.7100 | 24.8100 |
| ICICI Prudential FMCG | 14.98 | 606.7700 | 515.8700 |
| ICICI PRUDENTIAL HOUSING OPPORTUNITIES | 12.01 | 18.4000 | 16.1900 |
| ICICI Prudential Exports Services | 11.40 | 183.0800 | 162.2000 |
| ICICI Prudential Quant | 11.30 | 24.1500 | 21.4200 |
| ICICI Prudential Business Cycle | 10.19 | 25.5100 | 22.9100 |
| Fund | Change (%) | NAV (52w high) | Latest NAV |
|---|---|---|---|
| SBI Magnum Childrens Benefit | 11.91 | 46.3549 | 40.8330 |
There are three key takeaways from this data:
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This post titled Which are the high-risk and underperforming mutual funds that can be avoided by investors? first appeared on 22 Jan 2025 at https://arthgyaan.com
