Top 10 Mutual Funds for 2026

Updated on January 13, 2026 , 44147 views

Looking for the best Mutual Fund to invest in 2026? While Investing in Mutual Funds, investors often find difficulty in choosing a fund that would give them consistent returns.

To solve all the hassles, we have come up with the list of top 10 Mutual Fund schemes that you could prefer investing in. These funds have been shortlisted by undertaking certain parameters like AUM, NAV, past performances, peer average returns, etc. You can invest in these schemes in two ways- either by taking a SIP route or a lump sum way.

In a lump sum mode of investment, investors can invest a considerable amount as a one-time down payment in the scheme, whereas in a SIP mode, investors can invest at regular intervals that can be monthly, quarterly and annually. The minimum investment amount in a lump sum could range from INR 1000-5000, while in a SIP you can start investing with just INR 500.

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Why should you Invest in Mutual Funds?

You can invest in Mutual Funds as per your risk appetite. There is an array of schemes for all kinds of risk takers. Right from conservative investors to high-risk investors, everyone can invest in Mutual Fund schemes
Mutual Funds provide you with a plethora of tax benefits
Mutual Funds can give you better returns and cash flows than any other traditional investment options like FDs, etc.
You can get a right amount of diversification by investing in Mutual Funds. You can hold numbers of various schemes in your Portfolio
Mutual Funds are affordable. One can start their investment with an amount as low as INR 500 via a SIP
The money you invest in managed by a team of an expert. They have real-time access to the market and they are able to execute trades on the most cost-effective scale
Your Mutual Fund investments are in safe hands. Every Mutual Fund is regulated by SEBI (The Securities and Exchange Board of India), hence all the fund that you invest runs in a transparent manner and is secured.

Fund Selection Methodology used to find 10 funds

Sorted On : drat (high to low)
Tags: fcpro
No Of Funds: 10

Top 10 Mutual Funds to Invest in 2026

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
DSP US Flexible Equity Fund Growth	₹77.9962 ↓ -1.03	₹1,089	11.5	23.1	35	23.8	17.1	33.8
Franklin Asian Equity Fund Growth	₹37.2562 ↑ 0.17	₹297	10.9	21.1	33.7	11.9	2.7	23.7
DSP Natural Resources and New Energy Fund Growth	₹102.591 ↑ 1.72	₹1,467	10.3	14.5	23	20.2	21.1	17.5
Aditya Birla Sun Life Banking And Financial Services Fund Growth	₹64.18 ↓ -0.11	₹3,708	5.1	4	21.5	16.2	14.6	17.5
ICICI Prudential Banking and Financial Services Fund Growth	₹138.1 ↓ -0.52	₹11,085	2.4	1.7	18.4	14.9	14.6	15.9
Kotak Standard Multicap Fund Growth	₹86.77 ↑ 0.13	₹56,885	1.4	1.4	13.7	16.5	14.5	9.5
Mirae Asset India Equity Fund Growth	₹115.888 ↓ -0.16	₹41,864	2.2	2.6	11.8	13.3	12.3	10.2
Kotak Equity Opportunities Fund Growth	₹351.534 ↑ 0.37	₹29,961	1.8	2.6	11.2	19.2	17.5	5.6
DSP Equity Opportunities Fund Growth	₹638.32 ↓ -0.27	₹17,215	3.9	2.6	10.7	20.1	17.5	7.1
Invesco India Growth Opportunities Fund Growth	₹98.12 ↓ -0.17	₹9,406	-4.5	-3.4	9.7	23.1	17.8	4.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 14 Jan 26

Research Highlights & Commentary of 10 Funds showcased

Commentary	DSP US Flexible Equity Fund	Franklin Asian Equity Fund	DSP Natural Resources and New Energy Fund	Aditya Birla Sun Life Banking And Financial Services Fund	ICICI Prudential Banking and Financial Services Fund	Kotak Standard Multicap Fund	Mirae Asset India Equity Fund	Kotak Equity Opportunities Fund	DSP Equity Opportunities Fund	Invesco India Growth Opportunities Fund
Point 1	Bottom quartile AUM (₹1,089 Cr).	Bottom quartile AUM (₹297 Cr).	Bottom quartile AUM (₹1,467 Cr).	Lower mid AUM (₹3,708 Cr).	Upper mid AUM (₹11,085 Cr).	Highest AUM (₹56,885 Cr).	Top quartile AUM (₹41,864 Cr).	Upper mid AUM (₹29,961 Cr).	Upper mid AUM (₹17,215 Cr).	Lower mid AUM (₹9,406 Cr).
Point 2	Established history (13+ yrs).	Established history (18+ yrs).	Established history (17+ yrs).	Established history (12+ yrs).	Established history (17+ yrs).	Established history (16+ yrs).	Established history (17+ yrs).	Established history (21+ yrs).	Oldest track record among peers (25 yrs).	Established history (18+ yrs).
Point 3	Top rated.	Rating: 5★ (top quartile).	Rating: 5★ (upper mid).	Rating: 5★ (upper mid).	Rating: 5★ (upper mid).	Rating: 5★ (lower mid).	Rating: 5★ (lower mid).	Rating: 5★ (bottom quartile).	Rating: 5★ (bottom quartile).	Rating: 5★ (bottom quartile).
Point 4	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 17.10% (upper mid).	5Y return: 2.66% (bottom quartile).	5Y return: 21.08% (top quartile).	5Y return: 14.63% (lower mid).	5Y return: 14.60% (lower mid).	5Y return: 14.47% (bottom quartile).	5Y return: 12.26% (bottom quartile).	5Y return: 17.54% (upper mid).	5Y return: 17.51% (upper mid).	5Y return: 17.80% (top quartile).
Point 6	3Y return: 23.80% (top quartile).	3Y return: 11.94% (bottom quartile).	3Y return: 20.19% (upper mid).	3Y return: 16.16% (lower mid).	3Y return: 14.88% (bottom quartile).	3Y return: 16.49% (lower mid).	3Y return: 13.29% (bottom quartile).	3Y return: 19.22% (upper mid).	3Y return: 20.11% (upper mid).	3Y return: 23.05% (top quartile).
Point 7	1Y return: 34.96% (top quartile).	1Y return: 33.73% (top quartile).	1Y return: 22.98% (upper mid).	1Y return: 21.53% (upper mid).	1Y return: 18.38% (upper mid).	1Y return: 13.66% (lower mid).	1Y return: 11.84% (lower mid).	1Y return: 11.23% (bottom quartile).	1Y return: 10.69% (bottom quartile).	1Y return: 9.72% (bottom quartile).
Point 8	Alpha: 5.69 (top quartile).	Alpha: 0.00 (upper mid).	Alpha: 0.00 (lower mid).	Alpha: -2.82 (bottom quartile).	Alpha: -0.89 (lower mid).	Alpha: 1.84 (upper mid).	Alpha: 0.51 (upper mid).	Alpha: -2.35 (bottom quartile).	Alpha: -2.52 (bottom quartile).	Alpha: 2.54 (top quartile).
Point 9	Sharpe: 1.17 (top quartile).	Sharpe: 1.47 (top quartile).	Sharpe: 0.10 (bottom quartile).	Sharpe: 0.63 (upper mid).	Sharpe: 0.74 (upper mid).	Sharpe: 0.22 (lower mid).	Sharpe: 0.23 (lower mid).	Sharpe: 0.03 (bottom quartile).	Sharpe: 0.00 (bottom quartile).	Sharpe: 0.31 (upper mid).
Point 10	Information ratio: -0.18 (bottom quartile).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).	Information ratio: 0.29 (top quartile).	Information ratio: 0.23 (upper mid).	Information ratio: 0.15 (upper mid).	Information ratio: -0.32 (bottom quartile).	Information ratio: 0.04 (lower mid).	Information ratio: 0.25 (upper mid).	Information ratio: 0.98 (top quartile).

DSP US Flexible Equity Fund

Bottom quartile AUM (₹1,089 Cr).
Established history (13+ yrs).
Top rated.
Risk profile: High.
5Y return: 17.10% (upper mid).
3Y return: 23.80% (top quartile).
1Y return: 34.96% (top quartile).
Alpha: 5.69 (top quartile).
Sharpe: 1.17 (top quartile).
Information ratio: -0.18 (bottom quartile).

Franklin Asian Equity Fund

Bottom quartile AUM (₹297 Cr).
Established history (18+ yrs).
Rating: 5★ (top quartile).
Risk profile: High.
5Y return: 2.66% (bottom quartile).
3Y return: 11.94% (bottom quartile).
1Y return: 33.73% (top quartile).
Alpha: 0.00 (upper mid).
Sharpe: 1.47 (top quartile).
Information ratio: 0.00 (lower mid).

DSP Natural Resources and New Energy Fund

Bottom quartile AUM (₹1,467 Cr).
Established history (17+ yrs).
Rating: 5★ (upper mid).
Risk profile: High.
5Y return: 21.08% (top quartile).
3Y return: 20.19% (upper mid).
1Y return: 22.98% (upper mid).
Alpha: 0.00 (lower mid).
Sharpe: 0.10 (bottom quartile).
Information ratio: 0.00 (bottom quartile).

Aditya Birla Sun Life Banking And Financial Services Fund

Lower mid AUM (₹3,708 Cr).
Established history (12+ yrs).
Rating: 5★ (upper mid).
Risk profile: High.
5Y return: 14.63% (lower mid).
3Y return: 16.16% (lower mid).
1Y return: 21.53% (upper mid).
Alpha: -2.82 (bottom quartile).
Sharpe: 0.63 (upper mid).
Information ratio: 0.29 (top quartile).

ICICI Prudential Banking and Financial Services Fund

Upper mid AUM (₹11,085 Cr).
Established history (17+ yrs).
Rating: 5★ (upper mid).
Risk profile: High.
5Y return: 14.60% (lower mid).
3Y return: 14.88% (bottom quartile).
1Y return: 18.38% (upper mid).
Alpha: -0.89 (lower mid).
Sharpe: 0.74 (upper mid).
Information ratio: 0.23 (upper mid).

Kotak Standard Multicap Fund

Highest AUM (₹56,885 Cr).
Established history (16+ yrs).
Rating: 5★ (lower mid).
Risk profile: Moderately High.
5Y return: 14.47% (bottom quartile).
3Y return: 16.49% (lower mid).
1Y return: 13.66% (lower mid).
Alpha: 1.84 (upper mid).
Sharpe: 0.22 (lower mid).
Information ratio: 0.15 (upper mid).

Mirae Asset India Equity Fund

Top quartile AUM (₹41,864 Cr).
Established history (17+ yrs).
Rating: 5★ (lower mid).
Risk profile: Moderately High.
5Y return: 12.26% (bottom quartile).
3Y return: 13.29% (bottom quartile).
1Y return: 11.84% (lower mid).
Alpha: 0.51 (upper mid).
Sharpe: 0.23 (lower mid).
Information ratio: -0.32 (bottom quartile).

Kotak Equity Opportunities Fund

Upper mid AUM (₹29,961 Cr).
Established history (21+ yrs).
Rating: 5★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 17.54% (upper mid).
3Y return: 19.22% (upper mid).
1Y return: 11.23% (bottom quartile).
Alpha: -2.35 (bottom quartile).
Sharpe: 0.03 (bottom quartile).
Information ratio: 0.04 (lower mid).

DSP Equity Opportunities Fund

Upper mid AUM (₹17,215 Cr).
Oldest track record among peers (25 yrs).
Rating: 5★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 17.51% (upper mid).
3Y return: 20.11% (upper mid).
1Y return: 10.69% (bottom quartile).
Alpha: -2.52 (bottom quartile).
Sharpe: 0.00 (bottom quartile).
Information ratio: 0.25 (upper mid).

Invesco India Growth Opportunities Fund

Lower mid AUM (₹9,406 Cr).
Established history (18+ yrs).
Rating: 5★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 17.80% (top quartile).
3Y return: 23.05% (top quartile).
1Y return: 9.72% (bottom quartile).
Alpha: 2.54 (top quartile).
Sharpe: 0.31 (upper mid).
Information ratio: 0.98 (top quartile).

1. DSP US Flexible Equity Fund

The primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in units of BGF – USFEF. The Scheme may, at the discretion of the Investment Manager also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus. The Scheme may also invest a certain portion of its corpus in money market securities and/or money market/liquid schemes of DSP BlackRock Mutual Fund, in order to meet liquidity requirements from time to time. However, there is no assurance that the investment objective of the Scheme will be realized. It shall be noted ‘similar overseas mutual fund schemes’ shall have investment objective, investment strategy and risk profile/consideration similar to those of BGF – USFEF.

Research Highlights for DSP US Flexible Equity Fund

Bottom quartile AUM (₹1,089 Cr).
Established history (13+ yrs).
Top rated.
Risk profile: High.
5Y return: 17.10% (upper mid).
3Y return: 23.80% (top quartile).
1Y return: 34.96% (top quartile).
Alpha: 5.69 (top quartile).
Sharpe: 1.17 (top quartile).
Information ratio: -0.18 (bottom quartile).
Higher exposure to Technology vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~97%).
Largest holding BGF US Flexible Equity I2 (~98.6%).
Top-3 holdings concentration ~100.0%.

Below is the key information for DSP US Flexible Equity Fund

DSP US Flexible Equity Fund Growth
Launch Date	3 Aug 12
NAV (14 Jan 26)	₹77.9962 ↓ -1.03 (-1.30 %)
Net Assets (Cr)	₹1,089 on 30 Nov 25
Category	Equity - Global
AMC	DSP BlackRock Invmt Managers Pvt. Ltd.
Rating	☆☆☆☆☆
Risk	High
Expense Ratio	1.55
Sharpe Ratio	1.17
Information Ratio	-0.18
Alpha Ratio	5.69
Min Investment	1,000
Min SIP Investment	500
Exit Load	0-12 Months (1%),12 Months and above(NIL)
Sub Cat.	Global

Growth of 10,000 investment over the years.

Date	Value
31 Dec 20	₹10,000
31 Dec 21	₹12,423
31 Dec 22	₹11,685
31 Dec 23	₹14,259
31 Dec 24	₹16,790
31 Dec 25	₹22,469

DSP US Flexible Equity 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 DSP US Flexible 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 14 Jan 26

Duration	Returns
1 Month	1.8%
3 Month	11.5%
6 Month	23.1%
1 Year	35%
3 Year	23.8%
5 Year	17.1%
10 Year
15 Year
Since launch	16.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	33.8%
2023	17.8%
2022	22%
2021	-5.9%
2020	24.2%
2019	22.6%
2018	27.5%
2017	-1.1%
2016	15.5%
2015	9.8%

Fund Manager information for DSP US Flexible Equity Fund

Name	Since	Tenure
Jay Kothari	1 Mar 13	12.76 Yr.

Data below for DSP US Flexible Equity Fund as on 30 Nov 25

Equity Sector Allocation

Sector	Value
Technology	35.65%
Communication Services	13.7%
Financial Services	13.52%
Health Care	10.75%
Consumer Cyclical	9.85%
Industrials	9%
Energy	2.3%
Basic Materials	2.3%

Asset Allocation

Asset Class	Value
Cash	2.92%
Equity	97.08%
Debt	0.01%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
BGF US Flexible Equity I2 Investment Fund \| -	99%	₹1,074 Cr	1,962,543 ↓ -32,415
Treps / Reverse Repo Investments CBLO/Reverse Repo \| -	1%	₹8 Cr
Net Receivables/Payables Net Current Assets \| -	1%	₹7 Cr

2. Franklin Asian Equity Fund

An open-end diversified equity fund that seeks to provide medium to long term appreciation through investments primarily in Asian Companies / sectors (excluding Japan) with long term potential across market capitalisation.

Research Highlights for Franklin Asian Equity Fund

Bottom quartile AUM (₹297 Cr).
Established history (18+ yrs).
Rating: 5★ (top quartile).
Risk profile: High.
5Y return: 2.66% (bottom quartile).
3Y return: 11.94% (bottom quartile).
1Y return: 33.73% (top quartile).
Alpha: 0.00 (upper mid).
Sharpe: 1.47 (top quartile).
Information ratio: 0.00 (lower mid).
Higher exposure to Technology vs peer median.
Higher exposure to Cash Equivalent (bond sector) vs peer median.
Equity-heavy allocation (~87%).
Largest holding Taiwan Semiconductor Manufacturing Co Ltd (~9.5%).

Below is the key information for Franklin Asian Equity Fund

Franklin Asian Equity Fund Growth
Launch Date	16 Jan 08
NAV (14 Jan 26)	₹37.2562 ↑ 0.17 (0.47 %)
Net Assets (Cr)	₹297 on 30 Nov 25
Category	Equity - Global
AMC	Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating	☆☆☆☆☆
Risk	High
Expense Ratio	2.54
Sharpe Ratio	1.47
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-3 Years (1%),3 Years and above(NIL)
Sub Cat.	Global

Growth of 10,000 investment over the years.

Date	Value
31 Dec 20	₹10,000
31 Dec 21	₹9,415
31 Dec 22	₹8,052
31 Dec 23	₹8,104
31 Dec 24	₹9,275
31 Dec 25	₹11,469

Franklin Asian Equity Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹323,701.
Net Profit of ₹23,701 Invest Now

Returns for Franklin Asian 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 14 Jan 26

Duration	Returns
1 Month	5%
3 Month	10.9%
6 Month	21.1%
1 Year	33.7%
3 Year	11.9%
5 Year	2.7%
10 Year
15 Year
Since launch	7.6%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	23.7%
2023	14.4%
2022	0.7%
2021	-14.5%
2020	-5.9%
2019	25.8%
2018	28.2%
2017	-13.6%
2016	35.5%
2015	7.2%

Fund Manager information for Franklin Asian Equity Fund

Name	Since	Tenure
Sandeep Manam	18 Oct 21	4.12 Yr.
Shyam Sriram	26 Sep 24	1.18 Yr.

Data below for Franklin Asian Equity Fund as on 30 Nov 25

Equity Sector Allocation

Sector	Value
Technology	27.83%
Consumer Cyclical	22.52%
Financial Services	11.94%
Industrials	8.01%
Communication Services	5.55%
Health Care	4.05%
Real Estate	3.21%
Basic Materials	2.37%
Utility	1.09%

Asset Allocation

Asset Class	Value
Cash	13.41%
Equity	86.59%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Taiwan Semiconductor Manufacturing Co Ltd (Technology) Equity, Since 31 Mar 09 \| 2330	10%	₹28 Cr	69,000 ↑ 2,000
Tencent Holdings Ltd (Communication Services) Equity, Since 31 Jul 14 \| 00700	6%	₹17 Cr	23,500
Samsung Electronics Co Ltd (Technology) Equity, Since 31 Mar 08 \| 005930	4%	₹13 Cr	20,911
SK Hynix Inc (Technology) Equity, Since 30 Jun 20 \| 000660	4%	₹11 Cr	3,567
Alibaba Group Holding Ltd Ordinary Shares (Consumer Cyclical) Equity, Since 31 Dec 20 \| 09988	3%	₹10 Cr	55,304
Contemporary Amperex Technology Co Ltd Class A (Industrials) Equity, Since 30 Apr 24 \| 300750	3%	₹9 Cr	18,100
MediaTek Inc (Technology) Equity, Since 31 Aug 20 \| 2454	3%	₹8 Cr	21,000
HDFC Life Insurance Co Ltd (Financial Services) Equity, Since 31 Jan 24 \| HDFCLIFE	3%	₹8 Cr	99,744
Indian Hotels Co Ltd (Consumer Cyclical) Equity, Since 30 Apr 23 \| INDHOTEL	3%	₹7 Cr	100,242 ↑ 12,541
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Mar 24 \| LT	2%	₹7 Cr	17,462

3. DSP Natural Resources and New Energy Fund

To seek to generate capital appreciation and provide long term growth opportunities by investing in equity and equity related securities of companies domiciled in India whose predominant economic activity is in the (a) discovery, development, production, or distribution of natural resources, viz., energy, mining etc; (b) alternative energy and energy technology sectors, with emphasis given to renewable energy, automotive and on-site power generation, energy storage and enabling energy technologies. also invest a certain portion of its corpus in the equity and equity related securities of companies domiciled overseas, which are principally engaged in the discovery, development, production or distribution of natural resources and alternative energy and/or the units shares of Merrill Lynch international Investment Funds New Energy Fund, Merrill Lynch International Investment Funds World Energy Fund and similar other overseas mutual fund schemes.

Research Highlights for DSP Natural Resources and New Energy Fund

Bottom quartile AUM (₹1,467 Cr).
Established history (17+ yrs).
Rating: 5★ (upper mid).
Risk profile: High.
5Y return: 21.08% (top quartile).
3Y return: 20.19% (upper mid).
1Y return: 22.98% (upper mid).
Alpha: 0.00 (lower mid).
Sharpe: 0.10 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Higher exposure to Energy vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~96%).
Largest holding Oil & Natural Gas Corp Ltd (~9.1%).

Below is the key information for DSP Natural Resources and New Energy Fund

DSP Natural Resources and New Energy Fund Growth
Launch Date	25 Apr 08
NAV (14 Jan 26)	₹102.591 ↑ 1.72 (1.71 %)
Net Assets (Cr)	₹1,467 on 30 Nov 25
Category	Equity - Sectoral
AMC	DSP BlackRock Invmt Managers Pvt. Ltd.
Rating	☆☆☆☆☆
Risk	High
Expense Ratio	1.99
Sharpe Ratio	0.1
Information Ratio	0
Alpha Ratio	0
Min Investment	1,000
Min SIP Investment	500
Exit Load	0-12 Months (1%),12 Months and above(NIL)
Sub Cat.	Sectoral

Growth of 10,000 investment over the years.

Date	Value
31 Dec 20	₹10,000
31 Dec 21	₹14,280
31 Dec 22	₹15,680
31 Dec 23	₹20,570
31 Dec 24	₹23,429
31 Dec 25	₹27,530

DSP Natural Resources and New Energy Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹518,033.
Net Profit of ₹218,033 Invest Now

Returns for DSP Natural Resources and New Energy Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 26

Duration	Returns
1 Month	5.9%
3 Month	10.3%
6 Month	14.5%
1 Year	23%
3 Year	20.2%
5 Year	21.1%
10 Year
15 Year
Since launch	14%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	17.5%
2023	13.9%
2022	31.2%
2021	9.8%
2020	42.8%
2019	11.5%
2018	4.4%
2017	-15.3%
2016	43.1%
2015	43.1%

Fund Manager information for DSP Natural Resources and New Energy Fund

Name	Since	Tenure
Rohit Singhania	1 Jul 12	13.43 Yr.

Data below for DSP Natural Resources and New Energy Fund as on 30 Nov 25

Equity Sector Allocation

Sector	Value
Energy	42.53%
Basic Materials	39.64%
Utility	9.3%
Industrials	2.36%
Technology	1.78%
Consumer Cyclical	0.06%

Asset Allocation

Asset Class	Value
Cash	4.32%
Equity	95.68%
Debt	0%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Oil & Natural Gas Corp Ltd (Energy) Equity, Since 31 May 20 \| 500312	9%	₹133 Cr	5,470,562 ↑ 143,662
Jindal Steel Ltd (Basic Materials) Equity, Since 31 Mar 20 \| JINDALSTEL	9%	₹130 Cr	1,244,187
Tata Steel Ltd (Basic Materials) Equity, Since 31 Aug 16 \| TATASTEEL	9%	₹125 Cr	7,456,242
BGF Sustainable Energy I2 Investment Fund \| -	6%	₹94 Cr	443,474
BGF World Energy I2 Investment Fund \| -	6%	₹94 Cr	334,870
Hindalco Industries Ltd (Basic Materials) Equity, Since 31 Oct 15 \| HINDALCO	5%	₹77 Cr	952,790
Hindustan Zinc Ltd (Basic Materials) Equity, Since 31 Mar 09 \| HINDZINC	5%	₹74 Cr	1,516,403
Bharat Petroleum Corp Ltd (Energy) Equity, Since 31 Aug 08 \| BPCL	5%	₹72 Cr	1,998,861 ↓ -204,000
National Aluminium Co Ltd (Basic Materials) Equity, Since 28 Feb 22 \| NATIONALUM	4%	₹63 Cr	2,439,055
Petronet LNG Ltd (Energy) Equity, Since 31 Jan 18 \| PETRONET	4%	₹62 Cr	2,278,481 ↑ 828,529

4. Aditya Birla Sun Life Banking And Financial Services Fund

The primary investment objective of the Scheme is to generate long-term capital appreciation to unit holders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services. The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved.

Research Highlights for Aditya Birla Sun Life Banking And Financial Services Fund

Lower mid AUM (₹3,708 Cr).
Established history (12+ yrs).
Rating: 5★ (upper mid).
Risk profile: High.
5Y return: 14.63% (lower mid).
3Y return: 16.16% (lower mid).
1Y return: 21.53% (upper mid).
Alpha: -2.82 (bottom quartile).
Sharpe: 0.63 (upper mid).
Information ratio: 0.29 (top quartile).
Higher exposure to Financial Services vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~99%).
High-quality debt (AAA/AA ~100%).
Largest holding ICICI Bank Ltd (~17.5%).
Top-3 holdings concentration ~40.8%.

Below is the key information for Aditya Birla Sun Life Banking And Financial Services Fund

Aditya Birla Sun Life Banking And Financial Services Fund Growth
Launch Date	14 Dec 13
NAV (14 Jan 26)	₹64.18 ↓ -0.11 (-0.17 %)
Net Assets (Cr)	₹3,708 on 30 Nov 25
Category	Equity - Sectoral
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆☆☆
Risk	High
Expense Ratio	1.99
Sharpe Ratio	0.63
Information Ratio	0.29
Alpha Ratio	-2.82
Min Investment	1,000
Min SIP Investment	1,000
Exit Load	0-365 Days (1%),365 Days and above(NIL)
Sub Cat.	Sectoral

Growth of 10,000 investment over the years.

Date	Value
31 Dec 20	₹10,000
31 Dec 21	₹11,681
31 Dec 22	₹13,020
31 Dec 23	₹15,852
31 Dec 24	₹17,234
31 Dec 25	₹20,248

Aditya Birla Sun Life Banking And Financial Services 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 Aditya Birla Sun Life Banking And Financial Services Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 26

Duration	Returns
1 Month	0%
3 Month	5.1%
6 Month	4%
1 Year	21.5%
3 Year	16.2%
5 Year	14.6%
10 Year
15 Year
Since launch	16.6%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	17.5%
2023	8.7%
2022	21.7%
2021	11.5%
2020	16.8%
2019	1.1%
2018	14.9%
2017	-2.4%
2016	47.6%
2015	15.7%

Fund Manager information for Aditya Birla Sun Life Banking And Financial Services Fund

Name	Since	Tenure
Dhaval Gala	26 Aug 15	10.27 Yr.

Data below for Aditya Birla Sun Life Banking And Financial Services Fund as on 30 Nov 25

Equity Sector Allocation

Sector	Value
Financial Services	97.86%
Technology	1.09%

Asset Allocation

Asset Class	Value
Cash	1.05%
Equity	98.95%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Dec 13 \| ICICIBANK	18%	₹650 Cr	4,677,929
HDFC Bank Ltd (Financial Services) Equity, Since 31 Dec 13 \| HDFCBANK	15%	₹570 Cr	5,658,496 ↓ -350,000
Axis Bank Ltd (Financial Services) Equity, Since 31 Oct 18 \| AXISBANK	8%	₹295 Cr	2,302,100
State Bank of India (Financial Services) Equity, Since 31 Oct 17 \| SBIN	7%	₹256 Cr	2,618,689 ↓ -100,000
Bajaj Finance Ltd (Financial Services) Equity, Since 30 Sep 16 \| BAJFINANCE	6%	₹222 Cr	2,137,250
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Jan 19 \| KOTAKBANK	4%	₹151 Cr	709,333
AU Small Finance Bank Ltd (Financial Services) Equity, Since 30 Nov 23 \| AUBANK	3%	₹129 Cr	1,346,861
ICICI Lombard General Insurance Co Ltd (Financial Services) Equity, Since 30 Sep 19 \| ICICIGI	3%	₹111 Cr	565,076
Cholamandalam Financial Holdings Ltd (Financial Services) Equity, Since 31 Jan 20 \| CHOLAHLDNG	3%	₹107 Cr	581,588 ↓ -42,318
Shriram Finance Ltd (Financial Services) Equity, Since 30 Jun 23 \| SHRIRAMFIN	3%	₹102 Cr	1,198,382

5. ICICI Prudential Banking and Financial Services Fund

ICICI Prudential Banking and Financial Services Fund is an Open-ended equity scheme that seeks to generate long-term capital appreciation to unitholders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services. However, there can be no assurance that the investment objective of the Scheme will be realized.

Research Highlights for ICICI Prudential Banking and Financial Services Fund

Upper mid AUM (₹11,085 Cr).
Established history (17+ yrs).
Rating: 5★ (upper mid).
Risk profile: High.
5Y return: 14.60% (lower mid).
3Y return: 14.88% (bottom quartile).
1Y return: 18.38% (upper mid).
Alpha: -0.89 (lower mid).
Sharpe: 0.74 (upper mid).
Information ratio: 0.23 (upper mid).
Higher exposure to Financial Services vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~94%).
High-quality debt (AAA/AA ~100%).
Largest holding HDFC Bank Ltd (~20.3%).
Top-3 holdings concentration ~46.4%.

Below is the key information for ICICI Prudential Banking and Financial Services Fund

ICICI Prudential Banking and Financial Services Fund Growth
Launch Date	22 Aug 08
NAV (14 Jan 26)	₹138.1 ↓ -0.52 (-0.38 %)
Net Assets (Cr)	₹11,085 on 30 Nov 25
Category	Equity - Sectoral
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆☆☆☆
Risk	High
Expense Ratio	1.83
Sharpe Ratio	0.74
Information Ratio	0.23
Alpha Ratio	-0.89
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-1 Years (1%),1 Years and above(NIL)
Sub Cat.	Sectoral

Growth of 10,000 investment over the years.

Date	Value
31 Dec 20	₹10,000
31 Dec 21	₹12,346
31 Dec 22	₹13,821
31 Dec 23	₹16,291
31 Dec 24	₹18,184
31 Dec 25	₹21,071

ICICI Prudential Banking and Financial Services 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 ICICI Prudential Banking and Financial Services Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 26

Duration	Returns
1 Month	-0.9%
3 Month	2.4%
6 Month	1.7%
1 Year	18.4%
3 Year	14.9%
5 Year	14.6%
10 Year
15 Year
Since launch	16.3%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	15.9%
2023	11.6%
2022	17.9%
2021	11.9%
2020	23.5%
2019	-5.5%
2018	14.5%
2017	-0.4%
2016	45.1%
2015	21.1%

Fund Manager information for ICICI Prudential Banking and Financial Services Fund

Name	Since	Tenure
Roshan Chutkey	29 Jan 18	7.84 Yr.
Sharmila D’mello	30 Jun 22	3.42 Yr.

Data below for ICICI Prudential Banking and Financial Services Fund as on 30 Nov 25

Equity Sector Allocation

Sector	Value
Financial Services	92.37%
Health Care	1.26%
Technology	0.43%
Industrials	0.32%

Asset Allocation

Asset Class	Value
Cash	5.62%
Equity	94.38%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Oct 08 \| HDFCBANK	20%	₹2,246 Cr	22,294,728
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 08 \| ICICIBANK	18%	₹2,050 Cr	14,758,497
State Bank of India (Financial Services) Equity, Since 31 Oct 08 \| SBIN	8%	₹848 Cr	8,657,956 ↓ -578,710
Axis Bank Ltd (Financial Services) Equity, Since 28 Feb 19 \| AXISBANK	8%	₹841 Cr	6,575,273
SBI Life Insurance Co Ltd (Financial Services) Equity, Since 30 Sep 17 \| SBILIFE	6%	₹610 Cr	3,104,315
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Jan 23 \| KOTAKBANK	5%	₹529 Cr	2,488,791
HDFC Life Insurance Co Ltd (Financial Services) Equity, Since 30 Sep 23 \| HDFCLIFE	4%	₹401 Cr	5,241,538 ↑ 356,588
Max Financial Services Ltd (Financial Services) Equity, Since 31 Aug 19 \| MFSL	3%	₹281 Cr	1,649,161
ICICI Lombard General Insurance Co Ltd (Financial Services) Equity, Since 30 Sep 19 \| ICICIGI	2%	₹267 Cr	1,355,046
LIC Housing Finance Ltd (Financial Services) Equity, Since 30 Nov 24 \| LICHSGFIN	2%	₹220 Cr	4,002,710 ↑ 35,434

6. Kotak Standard Multicap Fund

(Erstwhile Kotak Select Focus Fund)

The investment objective of the scheme is to generate long term appreciation from the portfolio of equity and equity related sectors, generally focussed on few selected sectors.

Research Highlights for Kotak Standard Multicap Fund

Highest AUM (₹56,885 Cr).
Established history (16+ yrs).
Rating: 5★ (lower mid).
Risk profile: Moderately High.
5Y return: 14.47% (bottom quartile).
3Y return: 16.49% (lower mid).
1Y return: 13.66% (lower mid).
Alpha: 1.84 (upper mid).
Sharpe: 0.22 (lower mid).
Information ratio: 0.15 (upper mid).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~98%).
Largest holding HDFC Bank Ltd (~7.0%).

Below is the key information for Kotak Standard Multicap Fund

Kotak Standard Multicap Fund Growth
Launch Date	11 Sep 09
NAV (14 Jan 26)	₹86.77 ↑ 0.13 (0.15 %)
Net Assets (Cr)	₹56,885 on 30 Nov 25
Category	Equity - Multi Cap
AMC	Kotak Mahindra Asset Management Co Ltd
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	1.47
Sharpe Ratio	0.22
Information Ratio	0.15
Alpha Ratio	1.84
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-1 Years (1%),1 Years and above(NIL)
Sub Cat.	Multi Cap

Growth of 10,000 investment over the years.

Date	Value
31 Dec 20	₹10,000
31 Dec 21	₹12,537
31 Dec 22	₹13,164
31 Dec 23	₹16,350
31 Dec 24	₹19,048
31 Dec 25	₹20,856

Kotak Standard Multicap 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 Kotak Standard Multicap Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 26

Duration	Returns
1 Month	0.2%
3 Month	1.4%
6 Month	1.4%
1 Year	13.7%
3 Year	16.5%
5 Year	14.5%
10 Year
15 Year
Since launch	14.1%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	9.5%
2023	16.5%
2022	24.2%
2021	5%
2020	25.4%
2019	11.8%
2018	12.3%
2017	-0.9%
2016	34.3%
2015	9.4%

Fund Manager information for Kotak Standard Multicap Fund

Name	Since	Tenure
Harsha Upadhyaya	4 Aug 12	13.33 Yr.

Data below for Kotak Standard Multicap Fund as on 30 Nov 25

Equity Sector Allocation

Sector	Value
Financial Services	28.68%
Industrials	18.75%
Basic Materials	13.88%
Consumer Cyclical	11.92%
Technology	6.88%
Energy	6.05%
Utility	3.2%
Communication Services	3.18%
Health Care	2.88%
Consumer Defensive	2.25%

Asset Allocation

Asset Class	Value
Cash	2.39%
Equity	97.61%
Other	0%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Dec 10 \| HDFCBANK	7%	₹3,980 Cr	39,500,000 ↑ 3,500,000
Bharat Electronics Ltd (Industrials) Equity, Since 31 Aug 14 \| BEL	6%	₹3,294 Cr	80,000,000
ICICI Bank Ltd (Financial Services) Equity, Since 30 Sep 10 \| ICICIBANK	5%	₹3,055 Cr	22,000,000 ↓ -3,000,000
State Bank of India (Financial Services) Equity, Since 31 Jan 12 \| SBIN	4%	₹2,330 Cr	23,800,000
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Sep 13 \| LT	4%	₹2,157 Cr	5,300,000
Axis Bank Ltd (Financial Services) Equity, Since 31 May 12 \| AXISBANK	4%	₹2,048 Cr	16,000,000
Jindal Steel Ltd (Basic Materials) Equity, Since 31 Mar 18 \| JINDALSTEL	3%	₹1,984 Cr	19,000,000
Eternal Ltd (Consumer Cyclical) Equity, Since 31 Aug 23 \| 543320	3%	₹1,921 Cr	64,000,000 ↑ 1,000,000
SRF Ltd (Industrials) Equity, Since 31 Dec 18 \| SRF	3%	₹1,830 Cr	6,250,000
Infosys Ltd (Technology) Equity, Since 30 Nov 10 \| INFY	3%	₹1,751 Cr	11,223,075 ↓ -276,925

7. Mirae Asset India Equity Fund

(Erstwhile Mirae Asset India Opportunities Fund)

The investment objective of the scheme is to generate long term capital appreciation by capitalizing on potential investment opportunities through predominantly investing in equities, equity related securities.

Research Highlights for Mirae Asset India Equity Fund

Top quartile AUM (₹41,864 Cr).
Established history (17+ yrs).
Rating: 5★ (lower mid).
Risk profile: Moderately High.
5Y return: 12.26% (bottom quartile).
3Y return: 13.29% (bottom quartile).
1Y return: 11.84% (lower mid).
Alpha: 0.51 (upper mid).
Sharpe: 0.23 (lower mid).
Information ratio: -0.32 (bottom quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~99%).
Largest holding HDFC Bank Ltd (~9.8%).

Below is the key information for Mirae Asset India Equity Fund

Mirae Asset India Equity Fund Growth
Launch Date	4 Apr 08
NAV (14 Jan 26)	₹115.888 ↓ -0.16 (-0.14 %)
Net Assets (Cr)	₹41,864 on 30 Nov 25
Category	Equity - Multi Cap
AMC	Mirae Asset Global Inv (India) Pvt. Ltd
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	1.16
Sharpe Ratio	0.23
Information Ratio	-0.32
Alpha Ratio	0.51
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	0-1 Years (1%),1 Years and above(NIL)
Sub Cat.	Multi Cap

Growth of 10,000 investment over the years.

Date	Value
31 Dec 20	₹10,000
31 Dec 21	₹12,774
31 Dec 22	₹12,978
31 Dec 23	₹15,372
31 Dec 24	₹17,322
31 Dec 25	₹19,090

Mirae Asset India Equity 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 Mirae Asset India 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 14 Jan 26

Duration	Returns
1 Month	-1.3%
3 Month	2.2%
6 Month	2.6%
1 Year	11.8%
3 Year	13.3%
5 Year	12.3%
10 Year
15 Year
Since launch	14.8%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	10.2%
2023	12.7%
2022	18.4%
2021	1.6%
2020	27.7%
2019	13.7%
2018	12.7%
2017	-0.6%
2016	38.6%
2015	8.1%

Fund Manager information for Mirae Asset India Equity Fund

Name	Since	Tenure
Gaurav Misra	31 Jan 19	6.84 Yr.

Data below for Mirae Asset India Equity Fund as on 30 Nov 25

Equity Sector Allocation

Sector	Value
Financial Services	31.37%
Consumer Cyclical	13.81%
Technology	11.35%
Consumer Defensive	9.9%
Industrials	8.14%
Energy	5.82%
Basic Materials	5.49%
Health Care	4.93%
Communication Services	4.8%
Utility	3.09%
Real Estate	0.79%

Asset Allocation

Asset Class	Value
Cash	0.5%
Equity	99.5%
Other	0%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 28 Feb 09 \| HDFCBANK	10%	₹4,093 Cr	40,619,277
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 09 \| ICICIBANK	8%	₹3,436 Cr	24,744,264 ↑ 164,982
Infosys Ltd (Technology) Equity, Since 31 May 08 \| INFY	6%	₹2,341 Cr	15,003,321
Reliance Industries Ltd (Energy) Equity, Since 30 Apr 08 \| RELIANCE	5%	₹2,121 Cr	13,533,143
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Aug 10 \| BHARTIARTL	4%	₹1,801 Cr	8,571,128 ↑ 222,095
ITC Ltd (Consumer Defensive) Equity, Since 29 Feb 12 \| ITC	4%	₹1,766 Cr	43,675,034 ↑ 980,562
Larsen & Toubro Ltd (Industrials) Equity, Since 29 Feb 12 \| LT	4%	₹1,556 Cr	3,822,728
Tata Consultancy Services Ltd (Technology) Equity, Since 31 May 09 \| TCS	3%	₹1,447 Cr	4,612,393
Axis Bank Ltd (Financial Services) Equity, Since 31 Mar 14 \| AXISBANK	3%	₹1,365 Cr	10,663,212
State Bank of India (Financial Services) Equity, Since 31 Jul 08 \| SBIN	3%	₹1,205 Cr	12,307,964

8. Kotak Equity Opportunities Fund

(Erstwhile Kotak Opportunities Scheme)

To generate capital appreciation from a diversified portfolio of equity and equity related securities. However, there is no assurance that the objective of the scheme will be realized.

Research Highlights for Kotak Equity Opportunities Fund

Upper mid AUM (₹29,961 Cr).
Established history (21+ yrs).
Rating: 5★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 17.54% (upper mid).
3Y return: 19.22% (upper mid).
1Y return: 11.23% (bottom quartile).
Alpha: -2.35 (bottom quartile).
Sharpe: 0.03 (bottom quartile).
Information ratio: 0.04 (lower mid).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~98%).
Largest holding HDFC Bank Ltd (~6.6%).

Below is the key information for Kotak Equity Opportunities Fund

Kotak Equity Opportunities Fund Growth
Launch Date	9 Sep 04
NAV (14 Jan 26)	₹351.534 ↑ 0.37 (0.11 %)
Net Assets (Cr)	₹29,961 on 30 Nov 25
Category	Equity - Large & Mid Cap
AMC	Kotak Mahindra Asset Management Co Ltd
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	1.6
Sharpe Ratio	0.03
Information Ratio	0.04
Alpha Ratio	-2.35
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	0-1 Years (1%),1 Years and above(NIL)
Sub Cat.	Large & Mid Cap

Growth of 10,000 investment over the years.

Date	Value
31 Dec 20	₹10,000
31 Dec 21	₹13,042
31 Dec 22	₹13,953
31 Dec 23	₹18,046
31 Dec 24	₹22,406
31 Dec 25	₹23,656

Kotak Equity Opportunities 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 Kotak Equity Opportunities Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 26

Duration	Returns
1 Month	0.2%
3 Month	1.8%
6 Month	2.6%
1 Year	11.2%
3 Year	19.2%
5 Year	17.5%
10 Year
15 Year
Since launch	18.1%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	5.6%
2023	24.2%
2022	29.3%
2021	7%
2020	30.4%
2019	16.5%
2018	13.2%
2017	-5.6%
2016	34.9%
2015	9.6%

Fund Manager information for Kotak Equity Opportunities Fund

Name	Since	Tenure
Harsha Upadhyaya	4 Aug 12	13.33 Yr.

Data below for Kotak Equity Opportunities Fund as on 30 Nov 25

Equity Sector Allocation

Sector	Value
Financial Services	26.97%
Industrials	17.06%
Consumer Cyclical	12.91%
Basic Materials	11.51%
Health Care	7.5%
Technology	7.09%
Energy	5.79%
Utility	3.4%
Communication Services	3.09%
Consumer Defensive	1.56%
Real Estate	0.88%

Asset Allocation

Asset Class	Value
Cash	1.82%
Equity	98.18%
Other	0%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 23 \| HDFCBANK	7%	₹1,965 Cr	19,500,000
State Bank of India (Financial Services) Equity, Since 28 Feb 21 \| SBIN	4%	₹1,224 Cr	12,500,000
Bharat Electronics Ltd (Industrials) Equity, Since 31 Oct 18 \| BEL	4%	₹1,153 Cr	28,000,000
Eternal Ltd (Consumer Cyclical) Equity, Since 31 Aug 23 \| 543320	4%	₹1,050 Cr	35,000,000
ICICI Bank Ltd (Financial Services) Equity, Since 30 Sep 10 \| ICICIBANK	3%	₹972 Cr	7,000,000
Infosys Ltd (Technology) Equity, Since 31 Jan 09 \| INFY	3%	₹883 Cr	5,660,334 ↓ -139,666
Axis Bank Ltd (Financial Services) Equity, Since 31 Oct 12 \| AXISBANK	3%	₹793 Cr	6,200,000
Coromandel International Ltd (Basic Materials) Equity, Since 30 Nov 16 \| COROMANDEL	3%	₹774 Cr	3,250,001
Bharti Airtel Ltd (Communication Services) Equity, Since 28 Feb 21 \| BHARTIARTL	3%	₹767 Cr	3,650,000
Hero MotoCorp Ltd (Consumer Cyclical) Equity, Since 30 Nov 20 \| HEROMOTOCO	3%	₹756 Cr	1,225,000

9. DSP Equity Opportunities Fund

(Erstwhile DSP BlackRock Opportunities Fund)

The primary investment objective is to seek to generate long term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities of large and midcap companies. From time to time, the fund manager will also seek participation in other equity and equity related securities to achieve optimal portfolio construction. There is no assurance that the investment objective of the Scheme will be realized

Research Highlights for DSP Equity Opportunities Fund

Upper mid AUM (₹17,215 Cr).
Oldest track record among peers (25 yrs).
Rating: 5★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 17.51% (upper mid).
3Y return: 20.11% (upper mid).
1Y return: 10.69% (bottom quartile).
Alpha: -2.52 (bottom quartile).
Sharpe: 0.00 (bottom quartile).
Information ratio: 0.25 (upper mid).
Higher exposure to Financial Services vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~99%).
Largest holding Axis Bank Ltd (~5.9%).

Below is the key information for DSP Equity Opportunities Fund

DSP Equity Opportunities Fund Growth
Launch Date	16 May 00
NAV (14 Jan 26)	₹638.32 ↓ -0.27 (-0.04 %)
Net Assets (Cr)	₹17,215 on 30 Nov 25
Category	Equity - Large & Mid Cap
AMC	DSP BlackRock Invmt Managers Pvt. Ltd.
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	1.72
Sharpe Ratio	0
Information Ratio	0.25
Alpha Ratio	-2.52
Min Investment	1,000
Min SIP Investment	500
Exit Load	0-12 Months (1%),12 Months and above(NIL)
Sub Cat.	Large & Mid Cap

Growth of 10,000 investment over the years.

Date	Value
31 Dec 20	₹10,000
31 Dec 21	₹13,120
31 Dec 22	₹13,693
31 Dec 23	₹18,139
31 Dec 24	₹22,466
31 Dec 25	₹24,061

DSP Equity Opportunities 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 DSP Equity Opportunities Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 26

Duration	Returns
1 Month	0.1%
3 Month	3.9%
6 Month	2.6%
1 Year	10.7%
3 Year	20.1%
5 Year	17.5%
10 Year
15 Year
Since launch	17.6%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.1%
2023	23.9%
2022	32.5%
2021	4.4%
2020	31.2%
2019	14.2%
2018	11.4%
2017	-9.2%
2016	40.1%
2015	11.2%

Fund Manager information for DSP Equity Opportunities Fund

Name	Since	Tenure
Rohit Singhania	1 Jun 15	10.51 Yr.
Nilesh Aiya	1 Sep 25	0.25 Yr.

Data below for DSP Equity Opportunities Fund as on 30 Nov 25

Equity Sector Allocation

Sector	Value
Financial Services	36.37%
Consumer Cyclical	11.68%
Technology	11.19%
Health Care	10.15%
Basic Materials	8.6%
Energy	6.17%
Industrials	3.57%
Communication Services	3.23%
Utility	3.06%
Consumer Defensive	3.03%
Real Estate	1.67%

Asset Allocation

Asset Class	Value
Cash	1.27%
Equity	98.73%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Axis Bank Ltd (Financial Services) Equity, Since 30 Sep 20 \| AXISBANK	6%	₹1,008 Cr	7,873,112 ↑ 1,005,121
State Bank of India (Financial Services) Equity, Since 30 Jun 20 \| SBIN	5%	₹822 Cr	8,395,955 ↓ -437,406
Infosys Ltd (Technology) Equity, Since 28 Feb 18 \| INFY	5%	₹811 Cr	5,197,126 ↓ -607,463
HDFC Bank Ltd (Financial Services) Equity, Since 31 Oct 08 \| HDFCBANK	5%	₹778 Cr	7,722,540 ↑ 426,976
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 16 \| ICICIBANK	4%	₹646 Cr	4,654,002 ↑ 309,931
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Oct 22 \| KOTAKBANK	3%	₹445 Cr	2,096,007
Coforge Ltd (Technology) Equity, Since 31 Mar 22 \| COFORGE	2%	₹421 Cr	2,203,203
Mahindra & Mahindra Ltd (Consumer Cyclical) Equity, Since 30 Nov 21 \| M&M	2%	₹400 Cr	1,065,842
Samvardhana Motherson International Ltd (Consumer Cyclical) Equity, Since 31 Dec 22 \| MOTHERSON	2%	₹361 Cr	31,001,725 ↑ 7,427,125
Shriram Finance Ltd (Financial Services) Equity, Since 30 Jun 23 \| SHRIRAMFIN	2%	₹350 Cr	4,109,409 ↑ 516,765

10. Invesco India Growth Opportunities Fund

(Erstwhile Invesco India Growth Fund)

The investment objective of the Scheme is to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities. However, there can be no assurance that the objectives of the scheme will be achieved.

Research Highlights for Invesco India Growth Opportunities Fund

Lower mid AUM (₹9,406 Cr).
Established history (18+ yrs).
Rating: 5★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 17.80% (top quartile).
3Y return: 23.05% (top quartile).
1Y return: 9.72% (bottom quartile).
Alpha: 2.54 (top quartile).
Sharpe: 0.31 (upper mid).
Information ratio: 0.98 (top quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~98%).
Largest holding Max Healthcare Institute Ltd Ordinary Shares (~5.7%).

Below is the key information for Invesco India Growth Opportunities Fund

Invesco India Growth Opportunities Fund Growth
Launch Date	9 Aug 07
NAV (14 Jan 26)	₹98.12 ↓ -0.17 (-0.17 %)
Net Assets (Cr)	₹9,406 on 30 Nov 25
Category	Equity - Large & Mid Cap
AMC	Invesco Asset Management (India) Private Ltd
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	1.82
Sharpe Ratio	0.31
Information Ratio	0.98
Alpha Ratio	2.54
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-1 Years (1%),1 Years and above(NIL)
Sub Cat.	Large & Mid Cap

Growth of 10,000 investment over the years.

Date	Value
31 Dec 20	₹10,000
31 Dec 21	₹12,966
31 Dec 22	₹12,918
31 Dec 23	₹16,995
31 Dec 24	₹23,365
31 Dec 25	₹24,461

Invesco India Growth Opportunities 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 Invesco India Growth Opportunities Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 26

Duration	Returns
1 Month	-3.3%
3 Month	-4.5%
6 Month	-3.4%
1 Year	9.7%
3 Year	23.1%
5 Year	17.8%
10 Year
15 Year
Since launch	13.2%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	4.7%
2023	37.5%
2022	31.6%
2021	-0.4%
2020	29.7%
2019	13.3%
2018	10.7%
2017	-0.2%
2016	39.6%
2015	3.3%

Fund Manager information for Invesco India Growth Opportunities Fund

Name	Since	Tenure
Aditya Khemani	9 Nov 23	2.06 Yr.
Amit Ganatra	21 Jan 22	3.86 Yr.

Data below for Invesco India Growth Opportunities Fund as on 30 Nov 25

Equity Sector Allocation

Sector	Value
Financial Services	30.26%
Consumer Cyclical	20.42%
Health Care	18.7%
Industrials	11.16%
Real Estate	7.19%
Technology	6.01%
Basic Materials	3.15%
Communication Services	1.61%

Asset Allocation

Asset Class	Value
Cash	1.48%
Equity	98.5%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Max Healthcare Institute Ltd Ordinary Shares (Healthcare) Equity, Since 30 Nov 22 \| MAXHEALTH	6%	₹535 Cr	4,598,460 ↑ 372,528
Eternal Ltd (Consumer Cyclical) Equity, Since 30 Jun 23 \| 543320	5%	₹494 Cr	16,475,309 ↑ 2,786,008
InterGlobe Aviation Ltd (Industrials) Equity, Since 31 Mar 24 \| INDIGO	5%	₹471 Cr	797,566 ↑ 21,130
BSE Ltd (Financial Services) Equity, Since 31 Oct 23 \| BSE	5%	₹459 Cr	1,580,775
Cholamandalam Investment and Finance Co Ltd (Financial Services) Equity, Since 28 Feb 23 \| CHOLAFIN	5%	₹425 Cr	2,449,413
L&T Finance Ltd (Financial Services) Equity, Since 30 Apr 24 \| LTF	4%	₹419 Cr	13,404,597
Trent Ltd (Consumer Cyclical) Equity, Since 28 Feb 22 \| TRENT	4%	₹418 Cr	983,522 ↑ 44,558
Swiggy Ltd (Consumer Cyclical) Equity, Since 30 Nov 24 \| SWIGGY	4%	₹403 Cr	10,648,849 ↑ 277,572
Sai Life Sciences Ltd (Healthcare) Equity, Since 31 Dec 24 \| SAILIFE	4%	₹379 Cr	4,283,799
Prestige Estates Projects Ltd (Real Estate) Equity, Since 31 Dec 23 \| PRESTIGE	4%	₹347 Cr	2,070,930

How to Choose the Best Performing Mutual Fund?

The best way to spot a good fund by yourself is by looking at both its qualitative and quantitative measures-

Fund Performance

Investors should do a fair assessment of the funds’ performances for over a period of time. It is suggested to go choose a fund that consistently beats its benchmark for over 4-5 years.

AUM

AUM is the Asset Under Management. One should always go for a fund that is neither too big nor too small in size. While there is no perfect definition and relation between the size of the fund, it is said that both too small and too large, can hinder a fund’s performance.

Fund Manager

It is advisable to go for a fund manager who has been consistent over his career. As, a fund manager is responsible for making investment decisions for the fund’s portfolio, it becomes important to consider a fund managed by an experienced fund manager.

Fund House Reputation

It is important to always look at the quality & reputation of the fund house. A fund house with a strong-consistent track record, start funds/good performing funds, etc., is the one to invest in.

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.