बीएसई सेंसेक्स में वर्षों से वृद्धि

Updated on October 29, 2026 , 3265 views

लंबी अवधि के लिए इक्विटी अच्छे क्यों हैं?

जब भी हम इक्विटी निवेश के बारे में सुनते हैं, तो सबसे पहले हम यही सुनते हैं कि लंबी अवधि के निवेश के लिए इक्विटी अच्छे हैं। हालांकि, विभिन्न लोग इक्विटी निवेश के संबंध में नकारात्मक विचार रखते हैं। तो, आइए समझते हैं कि लंबी अवधि के लिए इक्विटी एक अच्छा निवेश क्यों और कैसे है, इक्विटी निवेश के पीछे के मिथक, और मापदंडों की जाँच करते समय जाँच की जानी चाहिएनिवेश इक्विटी और की अवधारणा मेंइक्विटी फ़ंड.

सेंसेक्स के पिछले प्रदर्शन को समझना

आइए अब नीचे दिए गए ग्राफ की मदद से सेंसेक्स की स्थापना के बाद से उसके प्रदर्शन पर ध्यान दें।

(3 जनवरी, 2018 की स्थिति के अनुसार स्रोत- बीएसई लिमिटेड)

सेंसेक्स के दिए गए ग्राफ से पता चलता है कि 1979 में इसकी स्थापना के बाद से इसमें समग्र वृद्धि हुई है। जिस तारीख को डेटा लिया गया है वह 03 जनवरी, 2018 तक है। 1979 से अब तक,चक्रवृद्धि वार्षिक वृद्धि दर (सीएजीआर) लगभग 16.39% है. हालांकि, इसका मतलब यह नहीं है कि सेंसेक्स में केवल ऊपर की ओर गति देखी गई है।हालांकि, सेंसेक्स में सबसे बड़ी वृद्धि 1979-1994 की अवधि के बीच हुई है, जब बाजार 100 से बढ़कर 3,927 अंक हो गया था।. जिन लोगों ने इस दौरान निवेश किया था, उन्हें काफी मुनाफा हुआ होगा। इसके अलावा, इन निवेशकों को भी अन्य की तरह अधिक नकारात्मक रिटर्न का सामना नहीं करना पड़ा। नतीजतन, इन लोगों ने निश्चित रूप से अर्जित किया होगा।दूसरा सबसे अच्छा चरण जिसमें निवेशकों ने रिटर्न अर्जित किया था वह 2003-2007 के दौरान था, लेकिन इस अवधि के दौरान वृद्धि पहले चरण की तरह प्रभावी नहीं थी।

तो, क्या आपको लगता है किमंडी हमेशा एक अच्छी गति देखी है?इसमें भी गिरावट देखी गई है। सितंबर 1994 - 1999, 2000 - 2003 और 2008 - 2010 के दौरान सेंसेक्स में गिरावट के कुछ सबसे खराब दौर थे. कोई भी व्यक्ति जिसने इस अवधि के दौरान निवेश किया होगा वह निश्चित रूप से नकारात्मक रहा होगा। हालांकि, फिर से, अगर इन निवेशकों ने अपने निवेश को लंबे समय तक रखा होता, तो उन्हें निश्चित रूप से मुनाफा होता। जैसा कि हम नक्शे में देख सकते हैं, मंदी की अवधि ज्यादा दिखाई नहीं दे रही है।

तो, इक्विटी के बारे में मिथकों को समझने के बाद, आइए अब देखें कि शेयरों का चयन कैसे करें।

इक्विटी निवेश के पीछे आम मिथक

जैसा कि पहले उल्लेख किया गया है, इक्विटी निवेश से जुड़े कई मिथक हैं। तो, आइए इक्विटी निवेश के पीछे कुछ प्रचलित मिथकों को देखें।

1. यदि किसी स्टॉक ने अतीत में अच्छा प्रदर्शन किया है, तो वह भविष्य में भी अच्छा करेगा

शेयरों में निवेश करते समय लोगों का मानना है कि पहला मिथक है; अगर किसी कंपनी ने अतीत में अच्छा प्रदर्शन किया है, तो वह भविष्य में भी अच्छा करेगी। हालांकि यह विचार अभी भी कुछ आराम का स्तर दे सकता है; यह पूरी तरह से सच नहीं है। ये इसलिए; एक कंपनी की सफलता हमेशा उस वातावरण पर निर्भर करती है जिसमें वह प्रदर्शन करती है और क्या वह खुद को बदलती व्यावसायिक परिस्थितियों के अनुकूल बनाने में सक्षम है। अगर ऐसा करने में सक्षम नहीं है तो; कंपनी भविष्य में प्रदर्शन करने की स्थिति में नहीं होगी।

इसलिए लोगों को किसी भी कंपनी के शेयरों में निवेश करने से पहले सेल्फ एनालिसिस कर लेना चाहिए। उन्हें कंपनी के पिछले प्रदर्शन, उसकी भविष्य की संभावनाओं, जिस उद्योग में यह प्रदर्शन करता है, और अन्य संबंधित मापदंडों की जांच करनी चाहिए।

2. मैं इक्विटी के माध्यम से तेजी से रिटर्न अर्जित करने में सक्षम नहीं हूं क्योंकि यह सरासर किस्मत है

दूसरा अनुमान लोगों को लगता है कि वे इक्विटी निवेश से नहीं कमा सकते क्योंकि यह सरासर किस्मत पर आधारित है। हालांकि, जैसा कि पहले पैराग्राफ में बताया गया है, लोगों को यह समझने की जरूरत है कि होल्डिंग अवधि में वृद्धि के साथ औसत रिटर्न की भिन्नता कम हो जाती है। ऐसा इसलिए है, क्योंकि लंबी अवधि में, अल्पकालिक अस्थिरता का उतार-चढ़ाव कम हो जाता है और नुकसान होने की संभावना भी कम हो जाती है। नतीजतन, में बदलावआय कार्यकाल में वृद्धि के साथ घटने लगते हैं। इस अवधारणा को नीचे दी गई तालिका की सहायता से समझाया गया है।

निवेश अवधि	औसत रिटर्न (%)	औसत से रिटर्न का विचलन (%)
1 साल	18	± 34
3 साल	13	± 16%
5 वर्ष	13	± 13%
7 वर्ष	13	± 10%
10 वर्ष	13	± 9%
12 वर्ष	13	± 8%
14 वर्ष	12	± 7%

यह व्यक्तियों के बीच प्रचलित मिथकों में से एक है। बहुत सारे लोगों को लगता है कि वे शेयरों में निवेश करके कमाई नहीं कर सकते। कई मामलों में व्यक्ति महसूस करते हैं; हालांकि शेयर बाजार में तेजी दिख रही है; फिर भी मैं अपना भाग्य नहीं बना पा रहा हूँ। हालाँकि, यह सच नहीं है।

*किसी को यह समझना होगा कि इक्विटी निवेश एक शून्य-राशि का खेल है। इसलिए, एक व्यक्ति का लाभ दूसरे व्यक्ति का नुकसान है। हालाँकि, आपने लाभ कमाया या नुकसान में समाप्त हुआ, इसका परिणाम उस समय पर तय किया जाता है जब आप बाजार में प्रवेश करते हैं और बाहर निकलते हैं। *

यह फिर से दोहराया जाएगा कि, इक्विटी निवेश में सफलता की कुंजी इसकी दीर्घकालिक होल्डिंग है। दुनिया के प्रसिद्ध में से एकइन्वेस्टर वॉरेन बफे ने सिर्फ निवेश से नहीं बल्कि अपने साम्राज्य का निर्माण किया। इसके बजाय, उन्होंने लंबी अवधि के लिए निवेश रखने के कारण धन अर्जित किया है। लंबी अवधि के निवेश के मामले में, निवेश की गई छोटी राशि भी बड़ा रिटर्न देती है। जो लोग बहुत लंबे समय तक निवेशित रहते हैं, वे एक छोटे से निवेश से भी अच्छी खासी कमाई कर सकते हैं। निम्नलिखित ग्राफ दिखाता है कि निवेश अवधि में वृद्धि के साथ नुकसान की संभावना कैसे कम हो जाती है।

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इक्विटी में निवेश कैसे करें

यह सबसे महत्वपूर्ण कदम है। लोगों को इक्विटी में निवेश करते समय कुछ बुनियादी नियमों का पालन करना चाहिए। इनमें से कुछ नियम नीचे सूचीबद्ध हैं।

स्टॉक्स में निवेश इसके पूर्ण विश्लेषण के बाद और झुंड के व्यवहार का पालन न करें

निवेश का प्राथमिक नियम है; उन वित्तीय साधनों में निवेश करें जिन्हें आप समझते हैं और न कि जिन्हें आप नहीं समझते हैं। इसलिए लोगों को उन शेयरों का पूरा विश्लेषण करना चाहिए जिनमें वे निवेश करना चाहते हैं। उन्हें इसकी वार्षिक रिपोर्टों को देखना चाहिए, इसकी भविष्य की संभावनाओं की जांच करनी चाहिए, इत्यादि। इसके अतिरिक्त, किसी को अपनी स्टॉक चयन प्रक्रिया में पक्षपात नहीं करना चाहिए। साथ ही, निवेश के मामले में बहुत से लोग झुंड के व्यवहार का पालन करते हैं, जो कि ऐसा नहीं होना चाहिए। यह एक अच्छा विचार नहीं है। झुंड का हिस्सा बनने वाले लोग, जब बाजार अपने चरम पर होते हैं तब प्रवेश करते हैं और जब यह नीचे होता है तो बेचते हैं। इसलिए, सावधान रहें कि जब सभी खरीद में प्रवेश कर रहे हों तो आप शेयर न खरीदेंबुलाना और जब हर कोई बेचने की होड़ में चले तो न बेचें।

विविधीकरण सफलता की कुंजी है

निवेश के मामले में महत्वपूर्ण भूमिका विविधीकरण है, जो सफलता की कुंजी है क्योंकि यह जोखिम के स्तर को कम करने में मदद करता है। जैसा कि ठीक ही उद्धृत किया गया है कि"अपने सभी अंडे एक टोकरी में न रखें;" इसी तरह आपके निवेश को कई शेयरों में एक पूर्वनिर्धारित अनुपात में वितरित किया जाना चाहिए। इस संदर्भ में विविधीकरण का अर्थ है कि लोग पूंजीकरण, क्षेत्रों और अन्य मापदंडों के संबंध में विभिन्न कंपनियों के विभिन्न शेयरों में कोष का निवेश करते हैं। ऐसा इसलिए है क्योंकि ऐसी स्थितियां हैं जहांमध्यम दर्जे की कंपनियों के शेयर शेयर लार्ज-कैप शेयरों से बेहतर प्रदर्शन करते हैं। इसलिए, किसी को लगातार इस पर नजर रखने की जरूरत है कि कोई शेयर कैसा प्रदर्शन कर रहा है।

अपने पोर्टफोलियो को समय पर पुनर्संतुलित करें

यह ठीक ही कहा गया है कि गलती करना इंसान है। इसी तरह शेयर बाजार में निवेश करते समय कई लोग गलतियां करते हैं। इस संदर्भ में गलती उन शेयरों में निवेश करना है जहां आपके पास खराब सौदे हैं। हालांकि, सबसे महत्वपूर्ण हिस्सा अपने पोर्टफोलियो को पुनर्संतुलित करके गलत निवेश को सुधारना है। समय-समय पर अपने इक्विटी निवेश की निगरानी करना महत्वपूर्ण है। इससे यह पहचानने में मदद मिलेगी कि किन शेयरों को बेचना है और किन शेयरों को बरकरार रखना है। पोर्टफोलियो का पुनर्संतुलन हमेशा खराब स्टॉक से छुटकारा पाने में मदद करता है और इससे लोग अधिक कमा सकते हैंआय.

इस प्रकार, उपरोक्त बिंदुओं से, यह कहा जा सकता है कि जब भी आप इक्विटी में निवेश करना चुनते हैं, तो आपको बाजार के समय के बजाय शेयर बाजारों में बहुत समय बिताने की आवश्यकता होती है। साथ ही, लोगों को हमेशा कंपनी के शेयरों में निवेश करने से पहले समझना चाहिए ताकि उनके निवेश का पैसा सुरक्षित रहे और धन सृजन का मार्ग प्रशस्त हो।

लंबी अवधि के निवेश के लिए शीर्ष 10 इक्विटी म्युचुअल फंड

*इनके लिए संपत्तियों का प्रबंधन करने वाले शीर्ष फंडों की सूची5 साल ऊपर का और सर्वश्रेष्ठ वार्षिक रिटर्न (CAGR) लौटाया है।

1. Sundaram Mid Cap Fund

(Erstwhile Sundaram Select Midcap Fund)

To achieve capital appreciation by investing in diversified stocks that are generally termed as mid-caps.

Research Highlights for Sundaram Mid Cap Fund

Upper mid AUM (₹13,854 Cr).
Established history (24+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 14.09% (upper mid).
3Y return: 15.44% (upper mid).
1Y return: -5.37% (lower mid).
Alpha: -1.10 (lower mid).
Sharpe: 0.00 (lower mid).
Information ratio: 0.52 (top quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~96%).
High-quality debt (AAA/AA ~100%).
Largest holding Mahindra & Mahindra Financial Services Ltd (~2.7%).

Below is the key information for Sundaram Mid Cap Fund

Sundaram Mid Cap Fund Growth
Launch Date	30 Jul 02
NAV (30 Oct 26)	₹1,366.6 ↓ -14.05 (-1.02 %)
Net Assets (Cr)	₹13,854 on 30 Sep 26
Category	Equity - Mid Cap
AMC	Sundaram Asset Management Company Ltd
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.74
Sharpe Ratio	-0.01
Information Ratio	0.52
Alpha Ratio	-1.1
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-12 Months (1%),12 Months and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Oct 21	₹10,000
31 Oct 22	₹10,606
31 Oct 23	₹12,593
31 Oct 24	₹19,161
31 Oct 25	₹20,330
31 Oct 26	₹19,332

Sundaram Mid Cap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710 Invest Now

Returns for Sundaram Mid Cap Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Oct 26

Duration	Returns
1 Month	-3.4%
3 Month	-9.2%
6 Month	-3.5%
1 Year	-5.4%
3 Year	15.4%
5 Year	14.1%
10 Year
15 Year
Since launch	22.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	4.1%
2024	32%
2023	40.4%
2022	4.8%
2021	37.5%
2020	11.8%
2019	-0.3%
2018	-15.4%
2017	40.8%
2016	11.3%

Fund Manager information for Sundaram Mid Cap Fund

Name	Since	Tenure
S. Bharath	24 Feb 21	5.6 Yr.
Shalav Saket	31 Dec 25	0.75 Yr.

Data below for Sundaram Mid Cap Fund as on 30 Sep 26

Equity Sector Allocation

Sector	Value
Financial Services	22.28%
Industrials	17.83%
Consumer Cyclical	16.96%
Health Care	10.26%
Technology	8.85%
Basic Materials	7.76%
Consumer Defensive	3.67%
Real Estate	2.94%
Utility	2.1%
Communication Services	1.8%
Energy	1.19%

Asset Allocation

Asset Class	Value
Cash	4.31%
Equity	95.64%
Other	0%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Mahindra & Mahindra Financial Services Ltd (Financial Services) Equity, Since 31 Jan 24 \| M&MFIN	3%	₹380 Cr	11,700,000
Kalyan Jewellers India Ltd (Consumer Cyclical) Equity, Since 31 Mar 21 \| KALYANKJIL	3%	₹357 Cr	6,450,835
Cummins India Ltd (Industrials) Equity, Since 31 Dec 17 \| 500480	2%	₹332 Cr	697,000 ↓ -25,000
The Federal Bank Ltd (Financial Services) Equity, Since 31 Dec 18 \| FEDERALBNK	2%	₹327 Cr	10,300,000
IDFC First Bank Ltd (Financial Services) Equity, Since 30 Jun 25 \| IDFCFIRSTB	2%	₹312 Cr	38,278,844
Thermax Ltd (Industrials) Equity, Since 31 Mar 26 \| THERMAX	2%	₹305 Cr	900,000 ↑ 223,890
Coforge Ltd (Technology) Equity, Since 31 May 23 \| COFORGE	2%	₹280 Cr	1,600,000 ↓ -80,000
Sona BLW Precision Forgings Ltd (Consumer Cyclical) Equity, Since 31 Aug 22 \| SONACOMS	2%	₹280 Cr	3,370,000
Phoenix Mills Ltd (Real Estate) Equity, Since 31 Jan 25 \| 503100	2%	₹271 Cr	1,400,000
Coromandel International Ltd (Basic Materials) Equity, Since 30 Nov 10 \| 506395	2%	₹264 Cr	1,503,352 ↓ -231,801

2. HDFC Long Term Advantage Fund

To generate long term capital appreciation from a portfolio that is predominantly in equity and equity related instruments

Research Highlights for HDFC Long Term Advantage Fund

Bottom quartile AUM (₹1,318 Cr).
Established history (25+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 17.39% (top quartile).
3Y return: 20.64% (top quartile).
1Y return: 35.51% (top quartile).
Alpha: 1.75 (upper mid).
Sharpe: 2.27 (top quartile).
Information ratio: -0.15 (lower mid).

Below is the key information for HDFC Long Term Advantage Fund

HDFC Long Term Advantage Fund Growth
Launch Date	2 Jan 01
NAV (14 Jan 22)	₹595.168 ↑ 0.28 (0.05 %)
Net Assets (Cr)	₹1,318 on 30 Nov 21
Category	Equity - ELSS
AMC	HDFC Asset Management Company Limited
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	2.25
Sharpe Ratio	2.27
Information Ratio	-0.15
Alpha Ratio	1.75
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value

HDFC Long Term Advantage Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹470,047.
Net Profit of ₹170,047 Invest Now

Purchase not allowed

Returns for HDFC Long Term Advantage Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Oct 26

Duration	Returns
1 Month	4.4%
3 Month	1.2%
6 Month	15.4%
1 Year	35.5%
3 Year	20.6%
5 Year	17.4%
10 Year
15 Year
Since launch	21.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Fund Manager information for HDFC Long Term Advantage Fund

Name	Since	Tenure

Data below for HDFC Long Term Advantage Fund as on 30 Nov 21

Equity Sector Allocation

Sector	Value

Asset Allocation

Asset Class	Value

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity

3. Aditya Birla Sun Life Equity Fund

An Open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 90% equity and 10% debt and money market securities.

Research Highlights for Aditya Birla Sun Life Equity Fund

Upper mid AUM (₹27,982 Cr).
Oldest track record among peers (28 yrs).
Rating: 4★ (top quartile).
Risk profile: Moderately High.
5Y return: 9.89% (bottom quartile).
3Y return: 14.25% (upper mid).
1Y return: 0.27% (upper mid).
Alpha: 7.66 (top quartile).
Sharpe: 0.12 (upper mid).
Information ratio: 1.49 (top quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~98%).
High-quality debt (AAA/AA ~100%).
Largest holding ICICI Bank Ltd (~5.6%).

Below is the key information for Aditya Birla Sun Life Equity Fund

Aditya Birla Sun Life Equity Fund Growth
Launch Date	27 Aug 98
NAV (30 Oct 26)	₹1,877.3 ↓ -0.22 (-0.01 %)
Net Assets (Cr)	₹27,982 on 30 Sep 26
Category	Equity - Multi Cap
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.67
Sharpe Ratio	0.12
Information Ratio	1.49
Alpha Ratio	7.66
Min Investment	1,000
Min SIP Investment	100
Exit Load	0-365 Days (1%),365 Days and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Oct 21	₹10,000
31 Oct 22	₹9,773
31 Oct 23	₹10,699
31 Oct 24	₹14,755
31 Oct 25	₹15,882
31 Oct 26	₹16,026

Aditya Birla Sun Life Equity Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹385,859.
Net Profit of ₹85,859 Invest Now

Returns for Aditya Birla Sun Life Equity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Oct 26

Duration	Returns
1 Month	-0.1%
3 Month	-3.6%
6 Month	2.9%
1 Year	0.3%
3 Year	14.2%
5 Year	9.9%
10 Year
15 Year
Since launch	20.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	11.2%
2024	18.5%
2023	26%
2022	-1.1%
2021	30.3%
2020	16.1%
2019	8.5%
2018	-4.1%
2017	33.5%
2016	15.2%

Fund Manager information for Aditya Birla Sun Life Equity Fund

Name	Since	Tenure
Harish Krishnan	3 Nov 23	2.91 Yr.
Dhaval Joshi	21 Nov 22	3.86 Yr.

Data below for Aditya Birla Sun Life Equity Fund as on 30 Sep 26

Equity Sector Allocation

Sector	Value
Financial Services	29.81%
Industrials	13.45%
Consumer Cyclical	12.52%
Basic Materials	11.46%
Health Care	9.67%
Technology	7.56%
Consumer Defensive	6.63%
Energy	3.48%
Communication Services	1.7%
Utility	1.17%
Real Estate	0.42%

Asset Allocation

Asset Class	Value
Cash	2.13%
Equity	97.87%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 30 Nov 16 \| ICICIBANK	6%	₹1,566 Cr	11,849,171
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 08 \| HDFCBANK	4%	₹1,094 Cr	15,436,415 ↑ 1,353,950
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 28 Feb 19 \| KOTAKBANK	4%	₹995 Cr	23,850,000 ↑ 500,000
Reliance Industries Ltd (Energy) Equity, Since 31 May 19 \| RELIANCE	2%	₹677 Cr	5,706,067
State Bank of India (Financial Services) Equity, Since 28 Feb 21 \| SBIN	2%	₹586 Cr	6,105,500
Infosys Ltd (Technology) Equity, Since 30 Apr 05 \| INFY	2%	₹563 Cr	5,662,517
Sona BLW Precision Forgings Ltd (Consumer Cyclical) Equity, Since 30 Sep 24 \| SONACOMS	2%	₹556 Cr	6,700,000
Bharat Forge Ltd (Industrials) Equity, Since 30 Jun 17 \| 500493	2%	₹539 Cr	2,800,000
Lenskart Solutions Ltd (Healthcare) Equity, Since 30 Nov 25 \| LENSKART	2%	₹531 Cr	7,750,000
Mankind Pharma Ltd (Healthcare) Equity, Since 31 Aug 25 \| MANKIND	2%	₹519 Cr	2,072,385 ↑ 302,385

4. Aditya Birla Sun Life Midcap Fund

An Open ended Growth Scheme with the objective to achieve long term growth of capital at controlled level of risk by investing primarily in ‘Mid-Cap’ Stocks. The level of risk is somewhat higher than a fund focused on large and liquid stocks. Concomitantly, the aim is to generate higher returns than a fund focused on large and liquid stocks.

Research Highlights for Aditya Birla Sun Life Midcap Fund

Bottom quartile AUM (₹6,550 Cr).
Established history (24+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 10.70% (lower mid).
3Y return: 12.37% (lower mid).
1Y return: -3.34% (upper mid).
Alpha: 1.18 (upper mid).
Sharpe: 0.11 (upper mid).
Information ratio: -0.23 (bottom quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~98%).
High-quality debt (AAA/AA ~100%).
Largest holding The Federal Bank Ltd (~3.0%).

Below is the key information for Aditya Birla Sun Life Midcap Fund

Aditya Birla Sun Life Midcap Fund Growth
Launch Date	3 Oct 02
NAV (30 Oct 26)	₹777.85 ↓ -5.87 (-0.75 %)
Net Assets (Cr)	₹6,550 on 30 Sep 26
Category	Equity - Mid Cap
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	1.88
Sharpe Ratio	0.11
Information Ratio	-0.23
Alpha Ratio	1.18
Min Investment	1,000
Min SIP Investment	1,000
Exit Load	0-365 Days (1%),365 Days and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Oct 21	₹10,000
31 Oct 22	₹9,948
31 Oct 23	₹11,682
31 Oct 24	₹16,834
31 Oct 25	₹17,125
31 Oct 26	₹16,624

Aditya Birla Sun Life Midcap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹395,578.
Net Profit of ₹95,578 Invest Now

Returns for Aditya Birla Sun Life Midcap Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Oct 26

Duration	Returns
1 Month	-4.2%
3 Month	-7.3%
6 Month	-2%
1 Year	-3.3%
3 Year	12.4%
5 Year	10.7%
10 Year
15 Year
Since launch	19.8%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	4.4%
2024	22%
2023	39.9%
2022	-5.3%
2021	50.4%
2020	15.5%
2019	-3.7%
2018	-16%
2017	44.8%
2016	5.7%

Fund Manager information for Aditya Birla Sun Life Midcap Fund

Name	Since	Tenure
Vishal Gajwani	31 Oct 24	1.92 Yr.

Data below for Aditya Birla Sun Life Midcap Fund as on 30 Sep 26

Equity Sector Allocation

Sector	Value
Financial Services	25.22%
Industrials	19.08%
Basic Materials	12.42%
Health Care	12.37%
Consumer Cyclical	12.16%
Technology	7.08%
Consumer Defensive	4.36%
Real Estate	3.33%
Utility	1.56%

Asset Allocation

Asset Class	Value
Cash	1.57%
Equity	98.43%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
The Federal Bank Ltd (Financial Services) Equity, Since 31 Mar 12 \| FEDERALBNK	3%	₹199 Cr	6,263,520 ↓ -393,020
APL Apollo Tubes Ltd (Basic Materials) Equity, Since 31 Aug 24 \| APLAPOLLO	3%	₹197 Cr	901,080
AU Small Finance Bank Ltd (Financial Services) Equity, Since 30 Nov 19 \| 540611	3%	₹196 Cr	1,940,849
Billionbrains Garage Ventures Ltd (Financial Services) Equity, Since 30 Nov 25 \| GROWW	3%	₹188 Cr	10,223,440
JK Cement Ltd (Basic Materials) Equity, Since 31 Jan 24 \| JKCEMENT	3%	₹174 Cr	342,940
Ajanta Pharma Ltd (Healthcare) Equity, Since 31 Jul 24 \| 532331	3%	₹172 Cr	473,984
Navin Fluorine International Ltd (Basic Materials) Equity, Since 31 Jan 25 \| NAVINFLUOR	3%	₹169 Cr	204,519
Max Financial Services Ltd (Financial Services) Equity, Since 28 Feb 17 \| 500271	2%	₹158 Cr	1,151,200
Thermax Ltd (Industrials) Equity, Since 31 Oct 19 \| THERMAX	2%	₹147 Cr	434,194
Prestige Estates Projects Ltd (Real Estate) Equity, Since 30 Nov 24 \| PRESTIGE	2%	₹136 Cr	916,888

5. Nippon India Pharma Fund

The primary investment objective of the scheme is to seek to generate consistent returns by investing in equity and equity related or fixed income securities of Pharma and other associated companies.

Research Highlights for Nippon India Pharma Fund

Lower mid AUM (₹9,166 Cr).
Established history (22+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: High.
5Y return: 13.17% (upper mid).
3Y return: 17.50% (top quartile).
1Y return: 8.10% (top quartile).
Alpha: -2.12 (lower mid).
Sharpe: 0.57 (top quartile).
Information ratio: -1.17 (bottom quartile).
Higher exposure to Health Care vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~97%).
Largest holding Sun Pharmaceuticals Industries Ltd (~11.7%).

Below is the key information for Nippon India Pharma Fund

Nippon India Pharma Fund Growth
Launch Date	5 Jun 04
NAV (30 Oct 26)	₹555.236 ↑ 2.86 (0.52 %)
Net Assets (Cr)	₹9,166 on 30 Sep 26
Category	Equity - Sectoral
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆
Risk	High
Expense Ratio	1.81
Sharpe Ratio	0.57
Information Ratio	-1.17
Alpha Ratio	-2.12
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Oct 21	₹10,000
31 Oct 22	₹9,688
31 Oct 23	₹11,389
31 Oct 24	₹17,209
31 Oct 25	₹17,119
31 Oct 26	₹18,563

Nippon India Pharma Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080 Invest Now

Returns for Nippon India Pharma Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Oct 26

Duration	Returns
1 Month	-0.8%
3 Month	-2.7%
6 Month	7.4%
1 Year	8.1%
3 Year	17.5%
5 Year	13.2%
10 Year
15 Year
Since launch	19.6%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	-3.3%
2024	34%
2023	39.2%
2022	-9.9%
2021	23.9%
2020	66.4%
2019	1.7%
2018	3.6%
2017	7.6%
2016	-10.6%

Fund Manager information for Nippon India Pharma Fund

Name	Since	Tenure
Sailesh Raj Bhan	1 Apr 05	21.51 Yr.
Kinjal Desai	25 May 18	8.36 Yr.
Amber Singhania	11 Mar 26	0.56 Yr.

Data below for Nippon India Pharma Fund as on 30 Sep 26

Equity Sector Allocation

Sector	Value
Health Care	97.3%

Asset Allocation

Asset Class	Value
Cash	2.7%
Equity	97.3%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Sun Pharmaceuticals Industries Ltd (Healthcare) Equity, Since 31 Oct 09 \| SUNPHARMA	12%	₹1,073 Cr	5,906,349
Divi's Laboratories Ltd (Healthcare) Equity, Since 31 Mar 12 \| DIVISLAB	7%	₹651 Cr	700,754
Lupin Ltd (Healthcare) Equity, Since 31 Aug 08 \| 500257	6%	₹565 Cr	2,783,991
Cipla Ltd (Healthcare) Equity, Since 31 May 08 \| 500087	6%	₹551 Cr	4,095,054
Dr Reddy's Laboratories Ltd (Healthcare) Equity, Since 30 Jun 11 \| DRREDDY	5%	₹499 Cr	4,049,746
Apollo Hospitals Enterprise Ltd (Healthcare) Equity, Since 30 Sep 20 \| APOLLOHOSP	5%	₹448 Cr	548,795
Mankind Pharma Ltd (Healthcare) Equity, Since 30 Apr 23 \| MANKIND	4%	₹401 Cr	1,603,562
Sai Life Sciences Ltd (Healthcare) Equity, Since 31 Dec 24 \| SAILIFE	4%	₹359 Cr	2,355,745 ↓ -200,000
Ajanta Pharma Ltd (Healthcare) Equity, Since 30 Apr 22 \| 532331	4%	₹331 Cr	913,918
GlaxoSmithKline Pharmaceuticals Ltd (Healthcare) Equity, Since 31 Aug 22 \| GLAXO	3%	₹285 Cr	1,029,460

6. Motilal Oswal Midcap 30 Fund

(Erstwhile Motilal Oswal MOSt Focused Midcap 30 Fund)

The investment objective of the Scheme is to achieve long term capital appreciation by investing in a maximum of 30 quality mid-cap companies having long-term competitive advantages and potential for growth. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Research Highlights for Motilal Oswal Midcap 30 Fund

Upper mid AUM (₹40,208 Cr).
Established history (12+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 17.38% (top quartile).
3Y return: 15.85% (upper mid).
1Y return: -8.47% (lower mid).
Alpha: -3.81 (bottom quartile).
Sharpe: -0.12 (lower mid).
Information ratio: 0.24 (upper mid).
Higher exposure to Technology vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~95%).
Largest holding One97 Communications Ltd (~8.6%).

Below is the key information for Motilal Oswal Midcap 30 Fund

Motilal Oswal Midcap 30 Fund Growth
Launch Date	24 Feb 14
NAV (30 Oct 26)	₹96.3124 ↓ -0.69 (-0.71 %)
Net Assets (Cr)	₹40,208 on 30 Sep 26
Category	Equity - Mid Cap
AMC	Motilal Oswal Asset Management Co. Ltd
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	1.56
Sharpe Ratio	-0.12
Information Ratio	0.24
Alpha Ratio	-3.81
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Oct 21	₹10,000
31 Oct 22	₹12,115
31 Oct 23	₹14,343
31 Oct 24	₹23,825
31 Oct 25	₹24,071
31 Oct 26	₹22,285

Motilal Oswal Midcap 30 Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹470,047.
Net Profit of ₹170,047 Invest Now

Returns for Motilal Oswal Midcap 30 Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Oct 26

Duration	Returns
1 Month	-2.6%
3 Month	-3.6%
6 Month	5.9%
1 Year	-8.5%
3 Year	15.8%
5 Year	17.4%
10 Year
15 Year
Since launch	19.6%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	-12.1%
2024	57.1%
2023	41.7%
2022	10.7%
2021	55.8%
2020	9.3%
2019	9.7%
2018	-12.7%
2017	30.8%
2016	5.2%

Fund Manager information for Motilal Oswal Midcap 30 Fund

Name	Since	Tenure
Varun Sharma	21 Jan 26	0.69 Yr.
Swapnil Mayekar	18 Nov 25	0.87 Yr.
Ajay Khandelwal	1 Oct 24	2 Yr.
Ankit Agarwal	21 Jan 26	0.69 Yr.
Rakesh Shetty	22 Nov 22	3.86 Yr.

Data below for Motilal Oswal Midcap 30 Fund as on 30 Sep 26

Equity Sector Allocation

Sector	Value
Technology	29.58%
Financial Services	25.87%
Consumer Cyclical	16.95%
Industrials	12.25%
Health Care	4.27%
Communication Services	2.23%
Real Estate	2.2%
Energy	0.87%
Consumer Defensive	0.59%

Asset Allocation

Asset Class	Value
Cash	5.19%
Equity	94.81%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
One97 Communications Ltd (Technology) Equity, Since 30 Sep 24 \| PAYTM	9%	₹3,475 Cr	20,708,902 ↓ -1,921,574
Kalyan Jewellers India Ltd (Consumer Cyclical) Equity, Since 29 Feb 24 \| KALYANKJIL	8%	₹3,208 Cr	58,000,000
Eternal Ltd (Consumer Cyclical) Equity, Since 31 Aug 25 \| ETERNAL	7%	₹2,700 Cr	84,386,866
Coforge Ltd (Technology) Equity, Since 31 Mar 23 \| COFORGE	5%	₹2,184 Cr	12,488,926
Aditya Birla Capital Ltd (Financial Services) Equity, Since 30 Jun 25 \| ABCAPITAL	5%	₹1,865 Cr	49,000,000 ↓ -2,000,000
Persistent Systems Ltd (Technology) Equity, Since 31 Jan 23 \| PERSISTENT	4%	₹1,782 Cr	3,375,000
Sterlite Technologies Ltd (Technology) Equity, Since 30 Jun 26 \| STLTECH	4%	₹1,768 Cr	19,426,538
KEI Industries Ltd (Industrials) Equity, Since 30 Nov 24 \| KEI	4%	₹1,715 Cr	3,850,000
Multi Commodity Exchange of India Ltd (Financial Services) Equity, Since 31 Jan 26 \| MCX	4%	₹1,505 Cr	4,558,659 ↑ 240,367
Billionbrains Garage Ventures Ltd (Financial Services) Equity, Since 31 Jan 26 \| GROWW	4%	₹1,409 Cr	76,595,094

7. Franklin India Taxshield

The primary objective for Franklin IndiaTaxshield is to provide medium to long term growth of capital along with income tax rebate

Research Highlights for Franklin India Taxshield

Bottom quartile AUM (₹5,839 Cr).
Established history (27+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 9.19% (bottom quartile).
3Y return: 9.41% (bottom quartile).
1Y return: -10.21% (bottom quartile).
Alpha: -5.27 (bottom quartile).
Sharpe: -0.63 (bottom quartile).
Information ratio: -0.32 (bottom quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~94%).
High-quality debt (AAA/AA ~100%).
Largest holding ICICI Bank Ltd (~7.5%).

Below is the key information for Franklin India Taxshield

Franklin India Taxshield Growth
Launch Date	10 Apr 99
NAV (30 Oct 26)	₹1,360.97 ↑ 2.00 (0.15 %)
Net Assets (Cr)	₹5,839 on 30 Sep 26
Category	Equity - ELSS
AMC	Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating	☆☆
Risk	Moderately High
Expense Ratio	1.81
Sharpe Ratio	-0.64
Information Ratio	-0.32
Alpha Ratio	-5.27
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Oct 21	₹10,000
31 Oct 22	₹10,444
31 Oct 23	₹11,830
31 Oct 24	₹16,579
31 Oct 25	₹17,173
31 Oct 26	₹15,523

Franklin India Taxshield SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹385,859.
Net Profit of ₹85,859 Invest Now

Returns for Franklin India Taxshield

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Oct 26

Duration	Returns
1 Month	0.5%
3 Month	-5.2%
6 Month	-2.2%
1 Year	-10.2%
3 Year	9.4%
5 Year	9.2%
10 Year
15 Year
Since launch	19.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	2.1%
2024	22.4%
2023	31.2%
2022	5.4%
2021	36.7%
2020	9.8%
2019	5.1%
2018	-3%
2017	29.1%
2016	4.7%

Fund Manager information for Franklin India Taxshield

Name	Since	Tenure
R. Janakiraman	2 May 16	10.42 Yr.
Rajasa Kakulavarapu	1 Dec 23	2.84 Yr.

Data below for Franklin India Taxshield as on 30 Sep 26

Equity Sector Allocation

Sector	Value
Financial Services	28.67%
Industrials	16.89%
Consumer Cyclical	11.47%
Technology	7.22%
Basic Materials	6.87%
Health Care	5.64%
Consumer Defensive	4.91%
Energy	4.04%
Utility	3.77%
Communication Services	3.28%
Real Estate	1.05%

Asset Allocation

Asset Class	Value
Cash	6.2%
Equity	93.8%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 18 \| ICICIBANK	7%	₹436 Cr	3,297,903
HDFC Bank Ltd (Financial Services) Equity, Since 31 Mar 07 \| HDFCBANK	6%	₹337 Cr	4,760,175 ↓ -525,211
Axis Bank Ltd (Financial Services) Equity, Since 30 Jun 14 \| 532215	5%	₹304 Cr	2,477,634
State Bank of India (Financial Services) Equity, Since 31 Aug 15 \| SBIN	5%	₹272 Cr	2,833,344
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Dec 19 \| LT	5%	₹270 Cr	717,322
Eternal Ltd (Consumer Cyclical) Equity, Since 30 Nov 21 \| ETERNAL	4%	₹240 Cr	7,499,624
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Jan 07 \| BHARTIARTL	3%	₹192 Cr	1,090,541 ↑ 30,000
Infosys Ltd (Technology) Equity, Since 29 Feb 12 \| INFY	3%	₹190 Cr	1,911,441
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 30 Nov 17 \| KOTAKBANK	3%	₹182 Cr	4,368,787 ↓ -612,268
Mahindra & Mahindra Ltd (Consumer Cyclical) Equity, Since 30 Jun 24 \| M&M	3%	₹178 Cr	601,937

8. Nippon India Small Cap Fund

The primary investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related instruments of small cap companies and the secondary objective is to generate consistent returns by investing in debt and money market securities.

Research Highlights for Nippon India Small Cap Fund

Highest AUM (₹80,906 Cr).
Established history (16+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 16.14% (upper mid).
3Y return: 12.12% (lower mid).
1Y return: -0.96% (upper mid).
Alpha: 1.80 (upper mid).
Sharpe: 0.25 (upper mid).
Information ratio: -0.03 (lower mid).
Higher exposure to Industrials vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~97%).
High-quality debt (AAA/AA ~100%).
Largest holding TD Power Systems Ltd (~1.9%).

Below is the key information for Nippon India Small Cap Fund

Nippon India Small Cap Fund Growth
Launch Date	16 Sep 10
NAV (30 Oct 26)	₹170.409 ↓ -2.90 (-1.67 %)
Net Assets (Cr)	₹80,906 on 30 Sep 26
Category	Equity - Small Cap
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.41
Sharpe Ratio	0.25
Information Ratio	-0.03
Alpha Ratio	1.8
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Oct 21	₹10,000
31 Oct 22	₹11,433
31 Oct 23	₹15,000
31 Oct 24	₹21,906
31 Oct 25	₹21,223
31 Oct 26	₹21,128

Nippon India Small Cap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹458,689.
Net Profit of ₹158,689 Invest Now

Returns for Nippon India Small Cap Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Oct 26

Duration	Returns
1 Month	-5.8%
3 Month	-4.7%
6 Month	0%
1 Year	-1%
3 Year	12.1%
5 Year	16.1%
10 Year
15 Year
Since launch	19.2%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	-4.7%
2024	26.1%
2023	48.9%
2022	6.5%
2021	74.3%
2020	29.2%
2019	-2.5%
2018	-16.7%
2017	63%
2016	5.6%

Fund Manager information for Nippon India Small Cap Fund

Name	Since	Tenure
Samir Rachh	2 Jan 17	9.75 Yr.
Kinjal Desai	25 May 18	8.36 Yr.
Amber Singhania	11 Mar 26	0.56 Yr.

Data below for Nippon India Small Cap Fund as on 30 Sep 26

Equity Sector Allocation

Sector	Value
Industrials	23.89%
Financial Services	15.76%
Consumer Cyclical	14.88%
Basic Materials	11.09%
Consumer Defensive	9.09%
Health Care	9.04%
Technology	7.3%
Utility	3.56%
Communication Services	1.12%
Energy	0.83%
Real Estate	0.79%

Asset Allocation

Asset Class	Value
Cash	2.65%
Equity	97.35%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
TD Power Systems Ltd (Industrials) Equity, Since 31 Dec 15 \| TDPOWERSYS	2%	₹1,518 Cr	19,307,704
Bharat Heavy Electricals Ltd (Industrials) Equity, Since 30 Sep 22 \| 500103	2%	₹1,434 Cr	34,508,595
HDFC Bank Ltd (Financial Services) Equity, Since 30 Apr 22 \| HDFCBANK	2%	₹1,414 Cr	19,954,929
Apar Industries Ltd (Industrials) Equity, Since 31 Mar 17 \| APARINDS	2%	₹1,405 Cr	808,204
ACME Solar Holdings Ltd (Utilities) Equity, Since 30 Nov 24 \| ACMESOLAR	1%	₹1,075 Cr	24,487,415
Karur Vysya Bank Ltd (Financial Services) Equity, Since 28 Feb 17 \| 590003	1%	₹1,036 Cr	31,907,252
Sai Life Sciences Ltd (Healthcare) Equity, Since 31 Dec 24 \| SAILIFE	1%	₹1,001 Cr	6,563,832
Sundaram Fasteners Ltd (Consumer Cyclical) Equity, Since 30 Apr 24 \| 500403	1%	₹971 Cr	8,522,020
State Bank of India (Financial Services) Equity, Since 31 Oct 19 \| SBIN	1%	₹960 Cr	10,000,000
ELANTAS Beck India Ltd (Basic Materials) Equity, Since 28 Feb 13 \| ELANTAS	1%	₹938 Cr	677,636

9. Nippon India Banking Fund

The primary investment objective of the Scheme is to seek to generate continuous returns by actively investing in equity and equity related securities of companies in the Banking Sector and companies engaged in allied activities related to Banking Sector. The AMC will have the discretion to completely or partially invest in any of the type of securities stated above with a view to maximize the returns or on defensive considerations. However, there can be no assurance that the investment objective of the Scheme will be realized, as actual market movements may be at variance with anticipated trends.

Research Highlights for Nippon India Banking Fund

Lower mid AUM (₹7,367 Cr).
Established history (23+ yrs).
Rating: 3★ (lower mid).
Risk profile: High.
5Y return: 9.92% (bottom quartile).
3Y return: 8.96% (bottom quartile).
1Y return: -8.88% (bottom quartile).
Alpha: 3.21 (top quartile).
Sharpe: -0.20 (bottom quartile).
Information ratio: 0.17 (upper mid).
Higher exposure to Financial Services vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~99%).
Largest holding HDFC Bank Ltd (~15.8%).
Top-3 holdings concentration ~38.0%.

Below is the key information for Nippon India Banking Fund

Nippon India Banking Fund Growth
Launch Date	26 May 03
NAV (30 Oct 26)	₹591.799 ↓ -4.90 (-0.82 %)
Net Assets (Cr)	₹7,367 on 30 Sep 26
Category	Equity - Sectoral
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆
Risk	High
Expense Ratio	1.84
Sharpe Ratio	-0.21
Information Ratio	0.17
Alpha Ratio	3.21
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Oct 21	₹10,000
31 Oct 22	₹10,677
31 Oct 23	₹12,394
31 Oct 24	₹15,649
31 Oct 25	₹17,498
31 Oct 26	₹16,044

Nippon India Banking Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹385,859.
Net Profit of ₹85,859 Invest Now

Returns for Nippon India Banking Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Oct 26

Duration	Returns
1 Month	-2.7%
3 Month	-7.3%
6 Month	-4.9%
1 Year	-8.9%
3 Year	9%
5 Year	9.9%
10 Year
15 Year
Since launch	19%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	17.4%
2024	10.3%
2023	24.2%
2022	20.7%
2021	29.7%
2020	-10.6%
2019	10.7%
2018	-1.2%
2017	44.1%
2016	11.5%

Fund Manager information for Nippon India Banking Fund

Name	Since	Tenure
Vinay Sharma	9 Apr 18	8.48 Yr.
Kinjal Desai	25 May 18	8.36 Yr.
Bhavik Dave	18 Jun 21	5.29 Yr.
Amber Singhania	11 Mar 26	0.56 Yr.

Data below for Nippon India Banking Fund as on 30 Sep 26

Equity Sector Allocation

Sector	Value
Financial Services	93.51%
Technology	5.66%

Asset Allocation

Asset Class	Value
Cash	0.84%
Equity	99.16%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 08 \| HDFCBANK	16%	₹1,161 Cr	16,379,320 ↑ 2,700,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 09 \| ICICIBANK	13%	₹977 Cr	7,388,887
Axis Bank Ltd (Financial Services) Equity, Since 30 Jun 17 \| 532215	9%	₹663 Cr	5,408,065
State Bank of India (Financial Services) Equity, Since 31 Mar 14 \| SBIN	5%	₹366 Cr	3,816,097 ↓ -449,255
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Jul 23 \| KOTAKBANK	4%	₹299 Cr	7,172,870
SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services) Equity, Since 31 Jul 20 \| SBICARD	3%	₹247 Cr	4,276,669 ↑ 382,877
HDFC Asset Management Co Ltd (Financial Services) Equity, Since 28 Feb 25 \| HDFCAMC	3%	₹220 Cr	966,488 ↑ 200,000
IndusInd Bank Ltd (Financial Services) Equity, Since 31 May 19 \| INDUSINDBK	3%	₹195 Cr	2,164,124
Cholamandalam Financial Holdings Ltd (Financial Services) Equity, Since 30 Apr 19 \| CHOLAHLDNG	3%	₹187 Cr	1,346,349 ↑ 66,472
ICICI Life Insurance Ltd (Financial Services) Equity, Since 30 Jun 25 \| 540133	2%	₹184 Cr	4,139,680 ↑ 1,821,271

10. ICICI Prudential Value Discovery Fund

To generate returns through a combination of dividend income and capital appreciation by investing primarily in a well-diversified portfolio of value stocks. Value stocks are those, which have attractive valuations in relation to earnings or book value or current and/or future dividends.

Research Highlights for ICICI Prudential Value Discovery Fund

Top quartile AUM (₹57,250 Cr).
Established history (22+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 12.37% (lower mid).
3Y return: 10.87% (bottom quartile).
1Y return: -10.08% (bottom quartile).
Alpha: -6.84 (bottom quartile).
Sharpe: -0.78 (bottom quartile).
Information ratio: 0.06 (upper mid).
Higher exposure to Financial Services vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~96%).
High-quality debt (AAA/AA ~100%).
Largest holding HDFC Bank Ltd (~9.5%).

Below is the key information for ICICI Prudential Value Discovery Fund

ICICI Prudential Value Discovery Fund Growth
Launch Date	16 Aug 04
NAV (30 Oct 26)	₹438.58 ↑ 0.45 (0.10 %)
Net Assets (Cr)	₹57,250 on 30 Sep 26
Category	Equity - Value
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆
Risk	Moderately High
Expense Ratio	1.5
Sharpe Ratio	-0.78
Information Ratio	0.06
Alpha Ratio	-6.84
Min Investment	1,000
Min SIP Investment	100
Exit Load	0-12 Months (1%),12 Months and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Oct 21	₹10,000
31 Oct 22	₹11,105
31 Oct 23	₹13,082
31 Oct 24	₹18,430
31 Oct 25	₹19,826
31 Oct 26	₹17,913

ICICI Prudential Value Discovery Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹415,684.
Net Profit of ₹115,684 Invest Now

Returns for ICICI Prudential Value Discovery Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Oct 26

Duration	Returns
1 Month	0.6%
3 Month	-5.8%
6 Month	-4.9%
1 Year	-10.1%
3 Year	10.9%
5 Year	12.4%
10 Year
15 Year
Since launch	18.6%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	13.8%
2024	20%
2023	31.4%
2022	15%
2021	38.5%
2020	22.9%
2019	0.6%
2018	-4.2%
2017	23.8%
2016	4.6%

Fund Manager information for ICICI Prudential Value Discovery Fund

Name	Since	Tenure
Sankaran Naren	18 Jan 21	5.7 Yr.
Dharmesh Kakkad	18 Jan 21	5.7 Yr.
Sharmila D'Silva	30 Jun 22	4.26 Yr.
Masoomi Jhurmarvala	4 Nov 24	1.91 Yr.

Data below for ICICI Prudential Value Discovery Fund as on 30 Sep 26

Equity Sector Allocation

Sector	Value
Financial Services	40.9%
Consumer Defensive	9.34%
Consumer Cyclical	9.3%
Health Care	8.57%
Energy	7.72%
Technology	7.26%
Basic Materials	6.59%
Communication Services	2.5%
Utility	2.43%
Industrials	2.06%

Asset Allocation

Asset Class	Value
Cash	3.33%
Equity	96.4%
Debt	0.26%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 30 Jun 21 \| HDFCBANK	9%	₹5,411 Cr	76,351,397 ↑ 2,500,000
ICICI Bank Ltd (Financial Services) Equity, Since 28 Feb 21 \| ICICIBANK	9%	₹5,135 Cr	38,848,273
Life Insurance Corporation of India (Financial Services) Equity, Since 31 May 22 \| LICI	6%	₹3,340 Cr	84,517,093 ↓ -68,600
Reliance Industries Ltd (Energy) Equity, Since 31 Jan 23 \| RELIANCE	5%	₹2,939 Cr	24,757,674 ↑ 750,000
ITC Ltd (Consumer Defensive) Equity, Since 30 Sep 17 \| ITC	5%	₹2,585 Cr	98,371,855
Sun Pharmaceuticals Industries Ltd (Healthcare) Equity, Since 31 May 16 \| SUNPHARMA	4%	₹2,501 Cr	13,769,894
Infosys Ltd (Technology) Equity, Since 30 Sep 14 \| INFY	4%	₹2,377 Cr	23,906,059
Maruti Suzuki India Ltd (Consumer Cyclical) Equity, Since 31 Dec 22 \| MARUTI	3%	₹1,811 Cr	1,513,196
Axis Bank Ltd (Financial Services) Equity, Since 31 Aug 20 \| 532215	3%	₹1,679 Cr	13,691,763
Hindustan Unilever Ltd (Consumer Defensive) Equity, Since 31 Aug 23 \| HINDUNILVR	3%	₹1,536 Cr	8,173,258 ↑ 14,926

Disclaimer:
यहां प्रदान की गई जानकारी सटीक है, यह सुनिश्चित करने के लिए सभी प्रयास किए गए हैं। हालांकि, डेटा की शुद्धता के संबंध में कोई गारंटी नहीं दी जाती है। कृपया कोई भी निवेश करने से पहले योजना सूचना दस्तावेज के साथ सत्यापित करें।

बीएसई सेंसेक्स में वर्षों से वृद्धि

लंबी अवधि के लिए इक्विटी अच्छे क्यों हैं?

सेंसेक्स के पिछले प्रदर्शन को समझना

इक्विटी निवेश के पीछे आम मिथक

1. यदि किसी स्टॉक ने अतीत में अच्छा प्रदर्शन किया है, तो वह भविष्य में भी अच्छा करेगा

2. मैं इक्विटी के माध्यम से तेजी से रिटर्न अर्जित करने में सक्षम नहीं हूं क्योंकि यह सरासर किस्मत है

3. शेयर बाजारों में केवल कुछ ही कमाई कर रहे हैं क्योंकि इक्विटी बाजार अस्थिर हैं

इक्विटी में निवेश कैसे करें

स्टॉक्स में निवेश इसके पूर्ण विश्लेषण के बाद और झुंड के व्यवहार का पालन न करें

विविधीकरण सफलता की कुंजी है

अपने पोर्टफोलियो को समय पर पुनर्संतुलित करें

लंबी अवधि के निवेश के लिए शीर्ष 10 इक्विटी म्युचुअल फंड

1. Sundaram Mid Cap Fund

Growth of 10,000 investment over the years.

Sundaram Mid Cap Fund SIP Returns

Returns for Sundaram Mid Cap Fund

Historical performance (Yearly) on absolute basis

Fund Manager information for Sundaram Mid Cap Fund

Data below for Sundaram Mid Cap Fund as on 30 Sep 26

Equity Sector Allocation

Asset Allocation

Top Securities Holdings / Portfolio

2. HDFC Long Term Advantage Fund

Growth of 10,000 investment over the years.

HDFC Long Term Advantage Fund SIP Returns

Returns for HDFC Long Term Advantage Fund

Historical performance (Yearly) on absolute basis

Fund Manager information for HDFC Long Term Advantage Fund

Data below for HDFC Long Term Advantage Fund as on 30 Nov 21

Equity Sector Allocation

Asset Allocation

Top Securities Holdings / Portfolio

3. Aditya Birla Sun Life Equity Fund

Growth of 10,000 investment over the years.

Aditya Birla Sun Life Equity Fund SIP Returns

Returns for Aditya Birla Sun Life Equity Fund

Historical performance (Yearly) on absolute basis

Fund Manager information for Aditya Birla Sun Life Equity Fund

Data below for Aditya Birla Sun Life Equity Fund as on 30 Sep 26

Equity Sector Allocation

Asset Allocation

Top Securities Holdings / Portfolio

4. Aditya Birla Sun Life Midcap Fund

Growth of 10,000 investment over the years.

Aditya Birla Sun Life Midcap Fund SIP Returns

Returns for Aditya Birla Sun Life Midcap Fund

Historical performance (Yearly) on absolute basis

Fund Manager information for Aditya Birla Sun Life Midcap Fund

Data below for Aditya Birla Sun Life Midcap Fund as on 30 Sep 26

Equity Sector Allocation

Asset Allocation

Top Securities Holdings / Portfolio

5. Nippon India Pharma Fund

Growth of 10,000 investment over the years.

Nippon India Pharma Fund SIP Returns

Returns for Nippon India Pharma Fund

Historical performance (Yearly) on absolute basis

Fund Manager information for Nippon India Pharma Fund

Data below for Nippon India Pharma Fund as on 30 Sep 26

Equity Sector Allocation

Asset Allocation

Top Securities Holdings / Portfolio

6. Motilal Oswal Midcap 30 Fund

Growth of 10,000 investment over the years.

Motilal Oswal Midcap 30 Fund SIP Returns

Returns for Motilal Oswal Midcap 30 Fund

Historical performance (Yearly) on absolute basis

Fund Manager information for Motilal Oswal Midcap 30 Fund

Data below for Motilal Oswal Midcap 30 Fund as on 30 Sep 26

Equity Sector Allocation

Asset Allocation

Top Securities Holdings / Portfolio

7. Franklin India Taxshield

Growth of 10,000 investment over the years.

Franklin India Taxshield SIP Returns

Returns for Franklin India Taxshield

Historical performance (Yearly) on absolute basis

Fund Manager information for Franklin India Taxshield

Data below for Franklin India Taxshield as on 30 Sep 26

Equity Sector Allocation