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

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

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

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It is a checklist of the worst-performing fairness mutual funds over each doable 5, 4, and three intervals 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 “finest mutual fund”. We hope that it’s a cheap definition, contemplating the excessive charges demanded by the MF trade.  This is among the highest on this planet, in response to a Morningstar examine. (2) We select a consultant class benchmark and examine the fund’s returns with the benchmark over the above-mentioned intervals. The selection of the benchmark can be arbitrary however moderately consultant. (3) SEBI mutual fund categorization guidelines have been absolutely in place by Might-June 2018. Some funds (significantly these from smaller AMCs) might have modified considerably modified in fashion after that. An exhaustive filtration taking these modifications into consideration is past the capabilities of this examine.

(4) A fund labelled as “worst” means a cautious, deeper investigation of its previous efficiency is important, significantly for those who put money into it or contemplate future investments in it. (5) Sectoral funds/ thematic funds are in contrast with Nifty 100 TRI. As an information analyst, this selection is wrong. Nonetheless, as an investor, it is sensible, and that’s extra vital! We’re not attempting 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 buyers.

How a worst mutual fund is outlined

Say there are 800 five-year return intervals doable; 1025 four-year return intervals; 1300 three-year return intervals. 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 intervals.

Allow us to take, for instance, Sundaram Targeted Fund (Previously Referred to as Principal Targeted Multicap Fund)- Direct Plan – Progress Choice. We examine 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 can 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 checklist doesn’t imply it’s a “good fund” or an outperformer!

The filtration course of

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

Class Benchmark
Aggressive Hybrid Fund Crisil6535
Dividend Yield Fund Nifty 100 TRI
ELSS N200TRI
Focussed Fund Nifty Largemidcap 250 TRI
Giant & Mid Cap Fund Nifty Largemidcap 250 TRI
Giant Cap Fund Nifty 100 TRI
Mid Cap Fund NiftyMidcap150TRI
Multi Cap Fund Nifty500 Multicap 50:25:25 TRI
Flexi Cap Fund Nifty Largemidcap 250 TRI
Sectoral/ Thematic Nifty 100 TRI
Sectoral/ Thematic (worldwide) Nifty 100 TRI
Small Cap Fund NiftyMidcap150TRI
Worth Fund Nifty 100 TRI

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

Aggressive Hybrid Funds

JM Fairness Hybrid Fund (Direct) – Progress Choice
Franklin India Fairness Hybrid Fund – Direct – Progress
Tata Hybrid Fairness Fund -Direct Plan- Progress Choice
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 Choice

 ELSS Funds

Franklin India TAXSHIELD – Direct – Progress
HDFC Taxsaver – Progress Choice – Direct Plan
HSBC Tax Saver Fairness Fund – Progress Direct
Nippon India Tax Saver Fund – Direct Plan Progress Plan – Progress Choice
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 Choice
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 Choice
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 Choice
Navi ELSS Tax Saver Fund- Direct Plan- Progress Choice
Mahindra Manulife ELSS Kar Bachat Yojana – Direct Plan -Progress
Indiabulls Tax Financial savings Fund- Direct Plan- Progress Choice

 Focussed Funds

Franklin India Targeted Fairness Fund – Direct – Progress
HDFC Targeted 30 Fund – Progress Choice – Direct Plan
DSP Focus Fund – Direct Plan – Progress
IDFC Targeted Fairness Fund-Direct Plan-Progress
Aditya Birla Solar Life Targeted Fairness Fund – Progress – Direct Plan
ICICI Prudential Targeted Fairness Fund – Direct Plan – Progress
Motilal Oswal Targeted 25 Fund (MOF25)- Direct Plan Progress Choice
Sundaram Multi Cap Fund (Previously Referred to as Principal Multi Cap Progress Fund)-Direct Plan – Progress Choice
Sundaram Targeted Fund (Previously Referred to as Principal Targeted Multicap Fund)- Direct Plan – Progress Choice
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 Choice
Tata Giant & MId Cap Fund -Direct Plan- Progress Choice
UTI – Core Fairness Fund – Direct Plan – Progress Choice
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 Choice – Direct Plan

  Giant cap funds

Franklin India Bluechip Fund- Direct – Progress
HDFC Prime 100 Fund – Progress Choice – 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 Choice
Aditya Birla Solar Life Frontline Fairness Fund – Progress – Direct Plan
JM Giant Cap Fund (Direct) – Progress Choice
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 Choice
PGIM India Giant Cap Fund – Direct Plan – Progress
Union Largecap Fund – Direct Plan – Progress Choice

Midcap funds

Franklin India Prima Fund – Direct – Progress
HDFC Mid-Cap Alternatives Fund – Progress Choice – Direct Plan
ICICI Prudential MidCap Fund – Direct Plan -Progress
Nippon India Progress Fund – Direct Plan Progress Plan – Progress Choice
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 Choice – Direct Plan
BARODA BNP PARIBAS Mid Cap Fund – Direct Plan – Progress Choice
Motilal Oswal Midcap 30 Fund (MOF30)-Direct Plan-Progress Choice
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 Choice
Baroda BNP Paribas MULTI CAP FUND – Direct Plan – Progress Choice

Flexicap Funds

Franklin India Flexi Cap Fund – Direct – Progress
HDFC Flexi Cap Fund – Progress Choice – Direct Plan
HSBC Flexi Cap Fund – Progress Direct
Taurus Flexi Cap Fund – Direct Plan – Progress
Union Flexi Cap Fund – Direct Plan – Progress Choice
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 Choice

 Sectoral or Thematic funds

Franklin India Alternatives Fund – Direct – Progress
HDFC Infrastructure Fund – Progress Choice – 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 Choice
Nippon India Energy & Infra Fund – Direct Plan Progress Plan – Progress Choice
Nippon India Quant Fund – Direct Plan Progress Plan – Progress Choice
UTI – MNC Fund – Progress Choice – Direct
UTI India Shopper Fund – Direct Plan – Progress Choice
UTI Infrastructure Fund-Progress Choice- Direct
UTI-Transpotation and LogisticsFund-Progress Choice- 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 Choice
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 Choice
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 Choice – 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 Choice

 Small Cap Funds

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

 Worth funds

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

 

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 checklist doesn’t imply it’s a “good fund” or an outperformer!

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