Tuesday, February 7, 2023
HomeMutual FundChecklist of worst fairness mutual funds (Jan 2013 to Jan 2023)

Checklist of worst fairness mutual funds (Jan 2013 to Jan 2023)


It is a listing of the worst-performing fairness mutual funds over each attainable 5, 4, and three durations between 1st Jan 2013 (introduction date of direct plans) to Jan fifth 2023.

Some caveats earlier than we start:  (1) The definition of a “worst mutual fund” is as arbitrary because the definition of a “greatest mutual fund”. We hope that it’s a cheap definition, contemplating the excessive charges demanded by the MF trade.  This is without doubt one of the highest on the earth, based on a Morningstar research. (2) We select a consultant class benchmark and evaluate the fund’s returns with the benchmark over the above-mentioned durations. The selection of the benchmark can be arbitrary however moderately consultant. (3) SEBI mutual fund categorization guidelines had been totally in place by Might-June 2018. Some funds (notably these from smaller AMCs) might have modified considerably modified in type after that. An exhaustive filtration taking these modifications under consideration is past the capabilities of this research.

(4) A fund labelled as “worst” means a cautious, deeper investigation of its previous efficiency is critical, notably for those who put money into it or take into account future investments in it. (5) Sectoral funds/ thematic funds are in contrast with Nifty 100 TRI. As a knowledge analyst, this selection is wrong. Nonetheless, as an investor, it is sensible, and that’s extra vital! We aren’t making an attempt to submit a thesis right here! If a thematic fund fails in opposition to a big cap index, it’s an avoidable fund for many traders.

How a worst mutual fund is outlined

Say there are 800 five-year return durations attainable; 1025 four-year return durations; 1300 three-year return durations. We will outline a fund as “worst” if it has crushed the benchmark for lower than 50% of the 5Y and 4Y and 3Y return durations.

Allow us to take, for instance, Sundaram Centered Fund (Previously Referred to as Principal Centered Multicap Fund)- Direct Plan – Progress Possibility. We evaluate it with Nifty Largemidcap 250 TRI.

  • No of rolling return entries (3 Years) 1469
  • No of occasions the fund has outperformed the index (3 years) 517
  • rolling return outperformance Consistency Rating (3 years) 35%
  • No of rolling return entries (4 Years) 1224
  • No of occasions the fund has outperformed the index (4 years) 534
  • rolling return outperformance Consistency Rating (4 years) 41%
  • No of rolling return entries (5 Years) 976
  • No of occasions the fund has outperformed the index (5 years) 226
  • rolling return outperformance Consistency Rating (5 years) 23%

Utilizing our month-to-month Fairness Mutual Fund Screener, we filer out all funds with a rolling return outperformance consistency of lower than 50% over 5 years and 4 years and three years. This might be our definition of a “worst fund”. We make no declare of superiority over this definition. We simply really feel that is cheap whereas appreciating that not all readers will agree with the methodology used.

NOTE: Traders holding these funds needn’t exit them in a rush. Please use this as an indication to dig deeper and re-evaluate these funds. A fund absent from this listing doesn’t imply it’s a “good fund” or an outperformer!

The filtration course of

A complete of 391 fairness mutual funds had been studied from these classes and in opposition to these benchmarks.

ClassBenchmark
Aggressive Hybrid FundCrisil6535
Dividend Yield FundNifty 100 TRI
ELSSN200TRI
Focussed FundNifty Largemidcap 250 TRI
Giant & Mid Cap FundNifty Largemidcap 250 TRI
Giant Cap FundNifty 100 TRI
Mid Cap FundNiftyMidcap150TRI
Multi Cap FundNifty500 Multicap 50:25:25 TRI
Flexi Cap FundNifty Largemidcap 250 TRI
Sectoral/ ThematicNifty 100 TRI
Sectoral/ Thematic (worldwide)Nifty 100 TRI
Small Cap FundNiftyMidcap150TRI
Worth FundNifty 100 TRI

We’re left with 132 funds after making use of the above filter.

Aggressive Hybrid Funds

JM Fairness Hybrid Fund (Direct) – Progress Possibility
Franklin India Fairness Hybrid Fund – Direct – Progress
Tata Hybrid Fairness Fund -Direct Plan- Progress Possibility
UTI – Hybrid Fairness Fund -Direct Plan – Progress
Aditya Birla Solar Life Fairness Hybrid’95 Fund – Direct Plan-Progress
Nippon India Fairness Hybrid Fund- Direct Plan Progress Plan
LIC MF Fairness Hybrid Fund-Direct Plan-Progress
L&T Hybrid Fairness Fund – Direct Plan-Progress
Baroda BNP Paribas Aggressive Hybrid Fund- DIRECT PLAN – GROWTH OPTION
Shriram Hybrid Fairness Fund- Direct Progress
PGIM India Hybrid Fairness Fund – Direct Plan – Progress
IDBI Hybrid Fairness Fund Progress Direct
IDFC Hybrid Fairness Fund-Direct Plan Progress

 Dividend Yield Funds

UTI-Dividend Yield Fund.-Progress-Direct
Aditya Birla Solar Life Dividend Yield Fund – Progress – Direct Plan
ICICI Prudential Dividend Yield Fairness Fund Direct Plan Progress Possibility

 ELSS Funds

Franklin India TAXSHIELD – Direct – Progress
HDFC Taxsaver – Progress Possibility – Direct Plan
HSBC Tax Saver Fairness Fund – Progress Direct
Nippon India Tax Saver Fund – Direct Plan Progress Plan – Progress Possibility
SBI LONG TERM EQUITY FUND – DIRECT PLAN -GROWTH
LIC MF Tax Plan-Direct Plan-Progress
Edelweiss Lengthy Time period Fairness Fund (Tax Financial savings) – Direct Plan-Progress Possibility
L&TTax Benefit Fund-Direct Plan-Progress
IDBI Fairness Benefit Fund – Progress Direct
Shriram Lengthy Time period Fairness Fund – Direct Progress
Sundaram Tax Financial savings Fund(G)-Direct Plan
UTI – Lengthy Time period Fairness Fund (Tax Saving) – Direct Plan – Progress Possibility
Principal Private Tax Saver Fund – Direct Plan
Tata India Tax Financial savings Fund-Progress-Direct Plan
Union Lengthy Time period Fairness Fund – Direct Plan – Progress Possibility
Navi ELSS Tax Saver Fund- Direct Plan- Progress Possibility
Mahindra Manulife ELSS Kar Bachat Yojana – Direct Plan -Progress
Indiabulls Tax Financial savings Fund- Direct Plan- Progress Possibility

 Focussed Funds

Franklin India Centered Fairness Fund – Direct – Progress
HDFC Centered 30 Fund – Progress Possibility – Direct Plan
DSP Focus Fund – Direct Plan – Progress
IDFC Centered Fairness Fund-Direct Plan-Progress
Aditya Birla Solar Life Centered Fairness Fund – Progress – Direct Plan
ICICI Prudential Centered Fairness Fund – Direct Plan – Progress
Motilal Oswal Centered 25 Fund (MOF25)- Direct Plan Progress Possibility
Sundaram Multi Cap Fund (Previously Referred to as Principal Multi Cap Progress Fund)-Direct Plan – Progress Possibility
Sundaram Centered Fund (Previously Referred to as Principal Centered Multicap Fund)- Direct Plan – Progress Possibility
IDBI FOCUSED 30 EQUITY FUND – Progress Direct

 Giant & Midcap Funds

Franklin India Fairness Benefit Fund – Direct – Progress
BOI AXA Giant & Mid Cap Fairness Fund Direct Plan-Progress
ICICI Prudential Giant & Mid Cap Fund – Direct Plan – Progress
IDFC Core Fairness Fund-Direct Plan-Progress
Nippon India Imaginative and prescient Fund – Direct Plan Progress Plan – Progress Possibility
Tata Giant & MId Cap Fund -Direct Plan- Progress Possibility
UTI – Core Fairness Fund – Direct Plan – Progress Possibility
Aditya Birla Solar Life Fairness Benefit Fund – Progress – Direct Plan
L&T Giant and Midcap Fund-Direct Plan-Progress
HDFC Giant and Mid Cap Fund – Progress Possibility – Direct Plan

  Giant cap funds

Franklin India Bluechip Fund- Direct – Progress
HDFC Prime 100 Fund – Progress Possibility – Direct Plan
DSP Prime 100 Fairness Fund – Direct Plan – Progress
HSBC Giant Cap Fairness Fund – Progress Direct
IDFC Giant Cap Fund-Direct Plan-Progress
Tata Giant Cap Fund -Direct Plan Progress Possibility
Aditya Birla Solar Life Frontline Fairness Fund – Progress – Direct Plan
JM Giant Cap Fund (Direct) – Progress Possibility
Taurus Largecap Fairness Fund – Direct Plan – Progress
LIC MF Giant Cap Fund-Direct Plan-Progress
L&T India Giant Cap Fund – Direct Plan – Progress
Navi Giant Cap Fairness Fund-Direct Plan-Progress Possibility
PGIM India Giant Cap Fund – Direct Plan – Progress
Union Largecap Fund – Direct Plan – Progress Possibility

Midcap funds

Franklin India Prima Fund – Direct – Progress
HDFC Mid-Cap Alternatives Fund – Progress Possibility – Direct Plan
ICICI Prudential MidCap Fund – Direct Plan -Progress
Nippon India Progress Fund – Direct Plan Progress Plan – Progress Possibility
SBI Magnum MIDCAP FUND – DIRECT PLAN – GROWTH
Taurus Discovery (Midcap) Fund – Direct Plan – Progress
Sundaram Mid Cap Fund Direct Plan – Progress
Aditya Birla Solar Life Midcap Fund – Progress – Direct Plan
quant Mid Cap Fund – Progress Possibility – Direct Plan
BARODA BNP PARIBAS Mid Cap Fund – Direct Plan – Progress Possibility
Motilal Oswal Midcap 30 Fund (MOF30)-Direct Plan-Progress Possibility
BOI AXA MID & SMALL CAP EQUITY & DEBT FUND – DIRECT PLAN GROWTH
IDBI Midcap Fund Progress Direct

 Multicap funds

IDFC MULTI CAP FUND – GROWTH – DIRECT PLAN
Nippon India Multi Cap Fund – Direct Plan Progress Plan – Progress Possibility
Baroda BNP Paribas MULTI CAP FUND – Direct Plan – Progress Possibility

Flexicap Funds

Franklin India Flexi Cap Fund – Direct – Progress
HDFC Flexi Cap Fund – Progress Possibility – Direct Plan
HSBC Flexi Cap Fund – Progress Direct
Taurus Flexi Cap Fund – Direct Plan – Progress
Union Flexi Cap Fund – Direct Plan – Progress Possibility
LIC MF Flexi Cap Fund-Direct Plan-Progress
L&T Flexicap Fund-Direct Plan-Progress
IDBI FLEXI CAP FUND Progress Direct
Motilal Oswal Flexi cap Fund Direct Plan-Progress Possibility

 Sectoral or Thematic funds

Franklin India Alternatives Fund – Direct – Progress
HDFC Infrastructure Fund – Progress Possibility – Direct Plan
ICICI Prudential Infrastructure Fund – Direct Plan -Progress
IDFC Infrastructure Fund-Direct Plan-Progress
Invesco India PSU Fairness Fund – Direct Plan – Progress
Nippon India Banking & Monetary Companies Fund – Direct Plan Progress Plan – Progress Possibility
Nippon India Energy & Infra Fund – Direct Plan Progress Plan – Progress Possibility
Nippon India Quant Fund – Direct Plan Progress Plan – Progress Possibility
UTI – MNC Fund – Progress Possibility – Direct
UTI India Client Fund – Direct Plan – Progress Possibility
UTI Infrastructure Fund-Progress Possibility- Direct
UTI-Transpotation and LogisticsFund-Progress Possibility- Direct
Aditya Birla Solar Life Infrastructure Fund – Progress – Direct Plan
Aditya Birla Solar Life MNC Fund – Progress – Direct Plan
Baroda BNP Paribas Banking and Monetary Companies Fund – Direct – Progress Possibility
SBI PSU Fund – DIRECT PLAN – GROWTH
LIC MF Infrastructure Fund-Direct Plan-Progress
HSBC Infrastructure Fairness Fund – Progress Direct
Sundaram Infrastructure Benefit Fund Direct Plan – Progress
L&T Enterprise Cycles Fund – Direct Plan – Progress
Kotak Infrastructure & Financial Reform Fund- Direct Plan- Progress Possibility
Aditya Birla Solar Life Manufacturing Fairness Fund – Direct Plan – Progress
LIC MF Banking and Monetary Companies Fund-Direct Plan-Progress
HDFC Housing Alternatives Fund- Progress Possibility – Direct Plan

 Sectoral/ Thematic (worldwide)

Franklin Asian Fairness Fund – Direct – Progress
Aditya Birla Solar Life Commodity Equities Fund – World Agri Plan – Progress – Direct Plan
Aditya Birla Solar Life Worldwide Fairness Fund – Plan A – Progress – Direct Plan
Aditya Birla Solar Life Worldwide Fairness Fund – Plan B – Progress – Direct Plan
Nippon India Japan Fairness Fund- Direct Plan- Progress Plan- Progress Possibility

 Small Cap Funds

Franklin India Smaller Corporations Fund – Direct – Progress
Sundaram Small Cap Fund – Direct Plan – Progress Possibility
Aditya Birla Solar Life Small Cap Fund – Progress – Direct Plan
quant Small Cap Fund – Progress Possibility – Direct Plan
HSBC Small Cap Fairness Fund – Progress Direct
ICICI Prudential Smallcap Fund – Direct Plan – Progress
Union Small Cap Fund – Direct Plan – Progress Possibility

 Worth funds

Aditya Birla Solar Life Pure Worth Fund – Progress – Direct Plan
UTI Worth Alternatives Fund- Direct Plan – Progress Possibility
Indiabulls Worth Fund – Direct Plan – Progress Possibility

 

To reiterate: Traders holding these funds needn’t exit them in a rush. Please use this as an indication to dig deeper and re-evaluate these funds. A fund absent from this listing doesn’t imply it’s a “good fund” or an outperformer!

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