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Why Equities are Good for Long-term?
Whenever we hear about equity investment, the first thing we hear is, equities are good for a long-term investment. However, various people do carry negative views with respect to equity investment. So, let us understand why and how equity is a good investment for long-term, the myths behind equity investment, and parameters to be checked while Investing in equity and the concept of Equity Funds.
Understanding SENSEX Past Performance
Now, let us focus on the performance of Sensex since its inception with the help of the graph given below.
(as on 3rd January, 2018, Source- BSE Limited)
The given graph of Sensex shows that there is an overall increase in since its inception in 1979. The date on which the data taken is as of January 03, 2018. Till date since 1979, the Compounded Annual Growth Rate (CAGR) is approximately 16.39%. However, it does not mean that Sensex has seen only upward movements. However, the biggest growth that Sensex has witnessed is between the period 1979-1994 when the markets grew from 100 to 3,927 points. People who had invested during this period would have earned considerable profits. In addition, these investors also did not face much negative returns as others did. Resultantly, these people would have definitely earned. The second best phase in which investors had earned returns were during 2003-2007, but the increase during this period was not as effective as the first phase.
So, do you think that the Market has always witnessed a good pace? It has also witnessed downturns. Some of the worst spells where the Sensex was showing a downturn were during September 1994 - 1999, 2000 - 2003, and 2008 - 2010. Any individual who would have invested during this period would have definitely been negative. However, again, if these investors would have held their investments long, they would have definitely earned profits. As we can see in the map, the downturn period is not much visible.
So, after understanding the myths about equity, let's now see how to select the stocks.
Common Myths Behind Equity Investment
As mentioned earlier, equity investment has a number of myths associated with it. So, let us look at some of the prevalent myths behind equity investment.
1. If a Stock Has Done Well in the Past, it will Do Well in the Future Too
The first myth which people believe while investing in shares is; if a company has done well in the past, it will also do well in the future. Though this thought can give some comfort level yet; it is not completely true. It’s because; a company’s success always depends on the environment in which it performs and whether it is able to adapt itself to the changing business conditions. If it is not able to do so then; the company will not be in a position, to perform in the future.
Therefore, people should conduct a self-analysis before investing in the shares of any company. They should check the company's past performance, its future potentials, the Industry conditions in which it performs, and other related parameters.
2. I am not Able to Earn Returns Faster Through Equities as it is Sheer Luck
The second presumption people feel is they cannot earn by equity investment as it is based on sheer luck. However, as mentioned in the earlier paragraph, people need to understand that the variation of average returns reduces with the increase in the holding tenure. This is because, in the long-term, the fluctuation of the short-term Volatility reduces and the chances of making losses are also lower. Resultantly, the variations in the Earnings start to decrease with the increase in the tenure. This concept is explained with the help of the table given below.
| Investing Tenure | Average Returns (%) | Deviation of Returns From Average (%) |
|---|---|---|
| 1 Year | 18 | ± 34 |
| 3 Year | 13 | ± 16% |
| 5 Year | 13 | ± 13% |
| 7 Year | 13 | ± 10% |
| 10 Year | 13 | ± 9% |
| 12 Year | 13 | ± 8% |
| 14 Year | 12 | ± 7% |
3. Only a Few are Earning in Share Markets as Equity Markets Are Volatile
It is one of the prevalent myths among individuals. A lot of people feel that they cannot earn by investing in shares. Individuals in a lot of instances feel; though the share markets are showing uptrend; yet I am not able to make my fortune. However, this isn’t true.
*One has to understand equity investing is a zero-sum game. Therefore, one person’s profit is another person’s loss. However, the outcome of whether you made a profit or ended up in a loss is decided upon the time you enter and exit the market. *
It would be again reiterated that, the key to success in equity investments is its long-term holding. One of the world’s renowned investor Warren Buffet built his empire not just because of investing. Instead, he has earned the wealth because of holding the investments for a long-term. In case of long-term investing, even a small sum of money invested gives a larger return. People who remain invested for a very long time can amass a fortune even with a small investment. The following graph shows how the probability of losses decreases with an increase in the investment tenure.
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How to Invest in Equities
It is the most important step. People while investing in equities need to stick to certain basic rules. Some of these rules are listed below as follows.
Invest in Stocks After its Complete Analysis & Don’t Follow Herd Behavior
The primary rule of investing is; invest in financial instruments that you understand and not the ones which you don’t. Hence, people should do a complete analysis of the shares in which they want to invest. They should go through its annual reports, check its future prospects and so on. Additionally, one should not be biased in their stock selection process.Also, many people do follow a herd behavior when it comes to investing, which should not be the case. It is not a good idea. People forming part of the herd, enter when the market is at its peak and sell when it forms a bottom. Therefore, be careful that you don’t buy the shares when all are entering a buy Call and do not sell when everyone goes on a selling spree.
Diversification is the Key to Success
The important role in the case of investing is diversification, which is the key to success as it helps to reduce the level of risk. As rightly quoted that “Don’t hatch all your eggs in one basket;” similarly your investment should be distributed across numerous stocks in a predefined ratio. Diversification, in this context, means that people investing the corpus in different shares of various companies with respect to capitalization, sectors, and other parameters. This is because there are situations where mid-cap shares tend to outperform large-cap shares. So, one needs to have a constant watch on how a share is performing.
Rebalance Your Portfolio Timely
It’s rightly said that, to err is human. Similarly, while investing in stock markets, many people do commit mistakes. The mistake in this context is investing in shares where you have bad deals. However, the most important part is to rectify the wrong investment by rebalancing your Portfolio. It is important to monitor your equity investment in a timely manner. This will help to identify which stocks to sell and which ones to retain. Rebalancing the portfolio always helps to get rid of the bad stocks and thereby people can earn more Income.
Thus, from the above pointers, it can be said that whenever you choose to invest in equities, you need to spend a lot of time in share markets rather than the market timing. Also, people should always understand the company before investing in its shares so that their investment money is safe and paves way for wealth creation.
Top 10 Equity Mutual Funds for Long Term Investments
*List of top funds managing assets for 5 years of above & have returneded best Annualized Returns (CAGR).
(Erstwhile Sundaram Select Midcap Fund) To achieve capital appreciation by investing
in diversified stocks that are generally termed
as mid-caps. Below is the key information for Sundaram Mid Cap Fund Returns up to 1 year are on 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 Below is the key information for HDFC Long Term Advantage Fund Returns up to 1 year are on (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 Below is the key information for Motilal Oswal Midcap 30 Fund Returns up to 1 year are on 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 Below is the key information for Aditya Birla Sun Life Equity Fund Returns up to 1 year are on 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 Below is the key information for Aditya Birla Sun Life Midcap Fund Returns up to 1 year are on 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 Below is the key information for Franklin India Taxshield Returns up to 1 year are on 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 Below is the key information for Nippon India Banking Fund Returns up to 1 year are on 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 Below is the key information for Nippon India Small Cap Fund Returns up to 1 year are on 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 Below is the key information for ICICI Prudential Value Discovery Fund Returns up to 1 year are on 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 Below is the key information for Nippon India Pharma Fund Returns up to 1 year are on 1. Sundaram Mid Cap Fund
Sundaram Mid Cap Fund
Growth Launch Date 30 Jul 02 NAV (02 Jan 26) ₹1,450.28 ↑ 10.78 (0.75 %) Net Assets (Cr) ₹13,345 on 30 Nov 25 Category Equity - Mid Cap AMC Sundaram Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.75 Sharpe Ratio 0.09 Information Ratio 0.15 Alpha Ratio -1.35 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 Dec 20 ₹10,000 31 Dec 21 ₹13,749 31 Dec 22 ₹14,414 31 Dec 23 ₹20,231 31 Dec 24 ₹26,707 31 Dec 25 ₹27,800 Returns for Sundaram Mid Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Jan 26 Duration Returns 1 Month 0.5% 3 Month 5.5% 6 Month 4.3% 1 Year 3.6% 3 Year 24.7% 5 Year 22.7% 10 Year 15 Year Since launch 23.7% Historical performance (Yearly) on absolute basis
Year Returns 2024 4.1% 2023 32% 2022 40.4% 2021 4.8% 2020 37.5% 2019 11.8% 2018 -0.3% 2017 -15.4% 2016 40.8% 2015 11.3% Fund Manager information for Sundaram Mid Cap Fund
Name Since Tenure S. Bharath 24 Feb 21 4.77 Yr. Ratish Varier 24 Feb 21 4.77 Yr. Data below for Sundaram Mid Cap Fund as on 30 Nov 25
Equity Sector Allocation
Sector Value Financial Services 21.47% Consumer Cyclical 15.93% Industrials 14.16% Health Care 10.33% Basic Materials 9.51% Technology 6.13% Consumer Defensive 6.1% Real Estate 3.71% Communication Services 2.49% Utility 2.32% Energy 2.11% Asset Allocation
Asset Class Value Cash 5.72% Equity 94.26% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity Cummins India Ltd (Industrials)
Equity, Since 31 Dec 17 | CUMMINSIND4% ₹554 Cr 1,237,533
↓ -36,220 Mahindra & Mahindra Financial Services Ltd (Financial Services)
Equity, Since 31 Jan 24 | M&MFIN3% ₹440 Cr 11,843,703
↓ -77,000 Coromandel International Ltd (Basic Materials)
Equity, Since 30 Nov 10 | COROMANDEL3% ₹412 Cr 1,731,201
↑ 18,600 GE Vernova T&D India Ltd (Industrials)
Equity, Since 30 Sep 24 | GVT&D3% ₹334 Cr 1,158,576
↓ -20,966 Fortis Healthcare Ltd (Healthcare)
Equity, Since 31 Dec 21 | FORTIS2% ₹330 Cr 3,592,166 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | FEDERALBNK2% ₹306 Cr 11,865,970 Sundaram Liquid Dir Gr
Investment Fund | -2% ₹305 Cr 1,279,167
↑ 1,047,803 IDFC First Bank Ltd (Financial Services)
Equity, Since 30 Jun 25 | 5394372% ₹304 Cr 37,978,844 Coforge Ltd (Technology)
Equity, Since 31 May 23 | COFORGE2% ₹292 Cr 1,527,449
↑ 37,662 Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | KALYANKJIL2% ₹285 Cr 5,641,735
↑ 76,401 2. 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 31 Dec 20 ₹10,000 31 Dec 21 ₹13,487
Purchase not allowed Returns for HDFC Long Term Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Jan 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 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 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. Motilal Oswal Midcap 30 Fund
Motilal Oswal Midcap 30 Fund
Growth Launch Date 24 Feb 14 NAV (02 Jan 26) ₹99.6925 ↑ 0.62 (0.62 %) Net Assets (Cr) ₹38,003 on 30 Nov 25 Category Equity - Mid Cap AMC Motilal Oswal Asset Management Co. Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.56 Sharpe Ratio -0.4 Information Ratio 0.21 Alpha Ratio -11.47 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 Dec 20 ₹10,000 31 Dec 21 ₹15,583 31 Dec 22 ₹17,252 31 Dec 23 ₹24,442 31 Dec 24 ₹38,406 31 Dec 25 ₹33,746 Returns for Motilal Oswal Midcap 30 Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Jan 26 Duration Returns 1 Month -3.5% 3 Month -0.3% 6 Month -5.2% 1 Year -12.6% 3 Year 25.3% 5 Year 27.5% 10 Year 15 Year Since launch 21.4% Historical performance (Yearly) on absolute basis
Year Returns 2024 -12.1% 2023 57.1% 2022 41.7% 2021 10.7% 2020 55.8% 2019 9.3% 2018 9.7% 2017 -12.7% 2016 30.8% 2015 5.2% Fund Manager information for Motilal Oswal Midcap 30 Fund
Name Since Tenure Ajay Khandelwal 1 Oct 24 1.17 Yr. Niket Shah 1 Jul 20 5.42 Yr. Rakesh Shetty 22 Nov 22 3.03 Yr. Sunil Sawant 1 Jul 24 1.42 Yr. Data below for Motilal Oswal Midcap 30 Fund as on 30 Nov 25
Equity Sector Allocation
Sector Value Technology 37.64% Consumer Cyclical 18.46% Industrials 11.9% Financial Services 11.71% Communication Services 8.74% Real Estate 2.43% Health Care 1.61% Asset Allocation
Asset Class Value Cash 7.92% Equity 92.08% Top Securities Holdings / Portfolio
Name Holding Value Quantity Persistent Systems Ltd (Technology)
Equity, Since 31 Jan 23 | PERSISTENT10% ₹3,812 Cr 6,000,000 Coforge Ltd (Technology)
Equity, Since 31 Mar 23 | COFORGE10% ₹3,770 Cr 19,750,000
↑ 99,301 Eternal Ltd (Consumer Cyclical)
Equity, Since 31 Aug 25 | 5433209% ₹3,301 Cr 110,001,000
↑ 10,001,000 Dixon Technologies (India) Ltd (Technology)
Equity, Since 31 Mar 23 | DIXON8% ₹3,066 Cr 2,100,000 Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 29 Feb 24 | KALYANKJIL8% ₹3,034 Cr 60,043,240
↑ 43,240 One97 Communications Ltd (Technology)
Equity, Since 30 Sep 24 | 5433968% ₹2,969 Cr 22,479,961
↓ -2,520,039 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 25 | BHARTIARTL5% ₹1,997 Cr 9,500,000
↑ 9,500,000 Polycab India Ltd (Industrials)
Equity, Since 30 Sep 23 | POLYCAB5% ₹1,889 Cr 2,528,264
↓ -145,406 Aditya Birla Capital Ltd (Financial Services)
Equity, Since 30 Jun 25 | ABCAPITAL4% ₹1,701 Cr 47,500,000
↑ 7,482,572 KEI Industries Ltd (Industrials)
Equity, Since 30 Nov 24 | KEI4% ₹1,658 Cr 4,000,000 4. Aditya Birla Sun Life Equity Fund
Aditya Birla Sun Life Equity Fund
Growth Launch Date 27 Aug 98 NAV (02 Jan 26) ₹1,906.05 ↑ 10.26 (0.54 %) Net Assets (Cr) ₹24,815 on 30 Nov 25 Category Equity - Multi Cap AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.68 Sharpe Ratio 0.28 Information Ratio 0.6 Alpha Ratio 2.65 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 Dec 20 ₹10,000 31 Dec 21 ₹13,028 31 Dec 22 ₹12,883 31 Dec 23 ₹16,227 31 Dec 24 ₹19,232 31 Dec 25 ₹21,387 Returns for Aditya Birla Sun Life Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Jan 26 Duration Returns 1 Month 1.5% 3 Month 6.8% 6 Month 5.3% 1 Year 9.9% 3 Year 18.4% 5 Year 16.5% 10 Year 15 Year Since launch 21.2% Historical performance (Yearly) on absolute basis
Year Returns 2024 11.2% 2023 18.5% 2022 26% 2021 -1.1% 2020 30.3% 2019 16.1% 2018 8.5% 2017 -4.1% 2016 33.5% 2015 15.2% Fund Manager information for Aditya Birla Sun Life Equity Fund
Name Since Tenure Harish Krishnan 3 Nov 23 2.08 Yr. Dhaval Joshi 21 Nov 22 3.03 Yr. Data below for Aditya Birla Sun Life Equity Fund as on 30 Nov 25
Equity Sector Allocation
Sector Value Financial Services 31.89% Consumer Cyclical 14.02% Basic Materials 10.43% Technology 10.2% Industrials 9.17% Health Care 7.5% Consumer Defensive 7.5% Energy 4.88% Communication Services 2.63% Real Estate 0.6% Asset Allocation
Asset Class Value Cash 1.18% Equity 98.82% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK7% ₹1,646 Cr 11,849,171
↓ -467,749 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK4% ₹1,114 Cr 11,055,796 Infosys Ltd (Technology)
Equity, Since 30 Apr 05 | INFY4% ₹1,014 Cr 6,498,578 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 19 | KOTAKBANK4% ₹981 Cr 4,619,286 Reliance Industries Ltd (Energy)
Equity, Since 31 May 19 | RELIANCE4% ₹894 Cr 5,706,067 HCL Technologies Ltd (Technology)
Equity, Since 30 Nov 11 | HCLTECH3% ₹667 Cr 4,103,703 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN3% ₹641 Cr 6,542,873 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 17 | BHARTIARTL2% ₹576 Cr 2,741,033 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Dec 23 | MARUTI2% ₹517 Cr 325,000 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 30 Sep 22 | M&M2% ₹502 Cr 1,335,162 5. Aditya Birla Sun Life Midcap Fund
Aditya Birla Sun Life Midcap Fund
Growth Launch Date 3 Oct 02 NAV (02 Jan 26) ₹811.94 ↑ 4.18 (0.52 %) Net Assets (Cr) ₹6,278 on 30 Nov 25 Category Equity - Mid Cap AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.89 Sharpe Ratio -0.06 Information Ratio -0.8 Alpha Ratio -3.78 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 Dec 20 ₹10,000 31 Dec 21 ₹15,038 31 Dec 22 ₹14,236 31 Dec 23 ₹19,912 31 Dec 24 ₹24,290 31 Dec 25 ₹25,350 Returns for Aditya Birla Sun Life Midcap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Jan 26 Duration Returns 1 Month 1.3% 3 Month 4.9% 6 Month 2.5% 1 Year 3.7% 3 Year 21.4% 5 Year 20.5% 10 Year 15 Year Since launch 20.8% Historical performance (Yearly) on absolute basis
Year Returns 2024 4.4% 2023 22% 2022 39.9% 2021 -5.3% 2020 50.4% 2019 15.5% 2018 -3.7% 2017 -16% 2016 44.8% 2015 5.7% Fund Manager information for Aditya Birla Sun Life Midcap Fund
Name Since Tenure Vishal Gajwani 31 Oct 24 1.08 Yr. Data below for Aditya Birla Sun Life Midcap Fund as on 30 Nov 25
Equity Sector Allocation
Sector Value Financial Services 23.76% Consumer Cyclical 17.5% Basic Materials 15.09% Technology 12.81% Industrials 11.87% Health Care 7.68% Real Estate 5.73% Utility 2.3% Communication Services 1.06% Consumer Defensive 1.06% Asset Allocation
Asset Class Value Cash 1.12% Equity 98.86% Top Securities Holdings / Portfolio
Name Holding Value Quantity AU Small Finance Bank Ltd (Financial Services)
Equity, Since 30 Nov 19 | AUBANK4% ₹234 Cr 2,450,000
↓ -357,000 Max Financial Services Ltd (Financial Services)
Equity, Since 28 Feb 17 | MFSL3% ₹209 Cr 1,225,565 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Mar 12 | FEDERALBNK3% ₹193 Cr 7,474,853 APL Apollo Tubes Ltd (Basic Materials)
Equity, Since 31 Aug 24 | APLAPOLLO3% ₹164 Cr 954,980 K.P.R. Mill Ltd (Consumer Cyclical)
Equity, Since 31 Aug 20 | KPRMILL3% ₹162 Cr 1,500,000 JK Cement Ltd (Basic Materials)
Equity, Since 31 Jan 24 | JKCEMENT2% ₹156 Cr 270,985
↑ 50,687 Prestige Estates Projects Ltd (Real Estate)
Equity, Since 30 Nov 24 | PRESTIGE2% ₹154 Cr 916,888 Thermax Ltd (Industrials)
Equity, Since 31 Oct 19 | THERMAX2% ₹150 Cr 512,065
↑ 20,000 Torrent Power Ltd (Utilities)
Equity, Since 31 Oct 19 | TORNTPOWER2% ₹145 Cr 1,100,000 Hexaware Technologies Ltd Ordinary Shares (Technology)
Equity, Since 28 Feb 25 | HEXT2% ₹141 Cr 1,866,233
↑ 68,397 6. Franklin India Taxshield
Franklin India Taxshield
Growth Launch Date 10 Apr 99 NAV (02 Jan 26) ₹1,510.91 ↑ 10.69 (0.71 %) Net Assets (Cr) ₹6,788 on 31 Oct 25 Category Equity - ELSS AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆ Risk Moderately High Expense Ratio 1.81 Sharpe Ratio -0.13 Information Ratio 0.58 Alpha Ratio -1.98 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 20 ₹10,000 31 Dec 21 ₹13,670 31 Dec 22 ₹14,408 31 Dec 23 ₹18,905 31 Dec 24 ₹23,148 31 Dec 25 ₹23,623 Returns for Franklin India Taxshield
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Jan 26 Duration Returns 1 Month 0.5% 3 Month 3.8% 6 Month 0.7% 1 Year 1% 3 Year 18.2% 5 Year 18.9% 10 Year 15 Year Since launch 20.6% Historical performance (Yearly) on absolute basis
Year Returns 2024 2.1% 2023 22.4% 2022 31.2% 2021 5.4% 2020 36.7% 2019 9.8% 2018 5.1% 2017 -3% 2016 29.1% 2015 4.7% Fund Manager information for Franklin India Taxshield
Name Since Tenure R. Janakiraman 2 May 16 9.59 Yr. Rajasa Kakulavarapu 1 Dec 23 2 Yr. Data below for Franklin India Taxshield as on 31 Oct 25
Equity Sector Allocation
Sector Value Financial Services 31.46% Industrials 12.85% Consumer Cyclical 10.87% Technology 9.03% Consumer Defensive 5.97% Basic Materials 5.53% Communication Services 5.5% Health Care 5.46% Utility 4.81% Energy 3.4% Real Estate 1.53% Asset Allocation
Asset Class Value Cash 3.6% Equity 96.4% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 07 | HDFCBANK10% ₹657 Cr 6,520,834 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK7% ₹458 Cr 3,297,903
↓ -1,249,011 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 19 | LT5% ₹360 Cr 883,853 Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 14 | AXISBANK5% ₹317 Cr 2,477,634
↑ 224,686 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 07 | BHARTIARTL5% ₹309 Cr 1,471,571
↓ -46,182 Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY4% ₹300 Cr 1,922,741 State Bank of India (Financial Services)
Equity, Since 31 Aug 15 | SBIN4% ₹277 Cr 2,833,344
↑ 1,522,638 HCL Technologies Ltd (Technology)
Equity, Since 31 Oct 21 | HCLTECH3% ₹238 Cr 1,462,587 Reliance Industries Ltd (Energy)
Equity, Since 31 May 22 | RELIANCE3% ₹231 Cr 1,472,922 Eternal Ltd (Consumer Cyclical)
Equity, Since 30 Nov 21 | 5433203% ₹225 Cr 7,500,000 7. Nippon India Banking Fund
Nippon India Banking Fund
Growth Launch Date 26 May 03 NAV (02 Jan 26) ₹666.962 ↑ 5.28 (0.80 %) Net Assets (Cr) ₹7,792 on 30 Nov 25 Category Equity - Sectoral AMC Nippon Life Asset Management Ltd. Rating ☆☆☆ Risk High Expense Ratio 1.89 Sharpe Ratio 0.71 Information Ratio 0.69 Alpha Ratio -1.36 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 Dec 20 ₹10,000 31 Dec 21 ₹12,973 31 Dec 22 ₹15,658 31 Dec 23 ₹19,441 31 Dec 24 ₹21,453 31 Dec 25 ₹25,182 Returns for Nippon India Banking Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Jan 26 Duration Returns 1 Month 0.9% 3 Month 7% 6 Month 3.7% 1 Year 16.2% 3 Year 17.3% 5 Year 20.4% 10 Year 15 Year Since launch 20.4% Historical performance (Yearly) on absolute basis
Year Returns 2024 17.4% 2023 10.3% 2022 24.2% 2021 20.7% 2020 29.7% 2019 -10.6% 2018 10.7% 2017 -1.2% 2016 44.1% 2015 11.5% Fund Manager information for Nippon India Banking Fund
Name Since Tenure Vinay Sharma 9 Apr 18 7.65 Yr. Kinjal Desai 25 May 18 7.52 Yr. Bhavik Dave 18 Jun 21 4.45 Yr. Lokesh Maru 5 Sep 25 0.24 Yr. Divya Sharma 5 Sep 25 0.24 Yr. Data below for Nippon India Banking Fund as on 30 Nov 25
Equity Sector Allocation
Sector Value Financial Services 94.64% Technology 2.62% Asset Allocation
Asset Class Value Cash 2.74% Equity 97.26% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK16% ₹1,216 Cr 12,069,320 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK14% ₹1,094 Cr 7,874,587 Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | AXISBANK9% ₹713 Cr 5,571,983
↓ -528,245 State Bank of India (Financial Services)
Equity, Since 31 Mar 14 | SBIN7% ₹554 Cr 5,658,071
↓ -543,395 SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Jul 20 | SBICARD4% ₹320 Cr 3,637,124
↑ 274,579 The Federal Bank Ltd (Financial Services)
Equity, Since 30 Nov 04 | FEDERALBNK4% ₹320 Cr 12,405,824 SBI Life Insurance Co Ltd (Financial Services)
Equity, Since 30 Nov 20 | SBILIFE4% ₹289 Cr 1,470,199 Bajaj Finserv Ltd (Financial Services)
Equity, Since 31 Oct 23 | BAJAJFINSV3% ₹267 Cr 1,275,773 Bank of Baroda (Financial Services)
Equity, Since 30 Apr 25 | BANKBARODA3% ₹235 Cr 8,093,554 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 23 | KOTAKBANK3% ₹216 Cr 1,014,574
↑ 50,000 8. Nippon India Small Cap Fund
Nippon India Small Cap Fund
Growth Launch Date 16 Sep 10 NAV (02 Jan 26) ₹167.432 ↑ 1.21 (0.73 %) Net Assets (Cr) ₹68,572 on 30 Nov 25 Category Equity - Small Cap AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.44 Sharpe Ratio -0.4 Information Ratio 0.05 Alpha Ratio -1.19 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 Dec 20 ₹10,000 31 Dec 21 ₹17,434 31 Dec 22 ₹18,574 31 Dec 23 ₹27,661 31 Dec 24 ₹34,872 31 Dec 25 ₹33,217 Returns for Nippon India Small Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Jan 26 Duration Returns 1 Month -0.3% 3 Month 0.2% 6 Month -3.1% 1 Year -5.4% 3 Year 21.4% 5 Year 27.1% 10 Year 15 Year Since launch 20.2% Historical performance (Yearly) on absolute basis
Year Returns 2024 -4.7% 2023 26.1% 2022 48.9% 2021 6.5% 2020 74.3% 2019 29.2% 2018 -2.5% 2017 -16.7% 2016 63% 2015 5.6% Fund Manager information for Nippon India Small Cap Fund
Name Since Tenure Samir Rachh 2 Jan 17 8.92 Yr. Kinjal Desai 25 May 18 7.53 Yr. Lokesh Maru 5 Sep 25 0.24 Yr. Divya Sharma 5 Sep 25 0.24 Yr. Data below for Nippon India Small Cap Fund as on 30 Nov 25
Equity Sector Allocation
Sector Value Industrials 20.06% Financial Services 16.18% Consumer Cyclical 15.33% Basic Materials 11.01% Consumer Defensive 10.83% Health Care 8.81% Technology 7.25% Utility 2.37% Energy 1.83% Communication Services 1.23% Real Estate 0.95% Asset Allocation
Asset Class Value Cash 4.15% Equity 95.85% Top Securities Holdings / Portfolio
Name Holding Value Quantity Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 28 Feb 21 | MCX3% ₹1,865 Cr 1,851,010 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFCBANK2% ₹1,340 Cr 13,300,000 State Bank of India (Financial Services)
Equity, Since 31 Oct 19 | SBIN1% ₹1,013 Cr 10,347,848 Karur Vysya Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | KARURVYSYA1% ₹946 Cr 38,140,874 Bharat Heavy Electricals Ltd (Industrials)
Equity, Since 30 Sep 22 | BHEL1% ₹858 Cr 29,507,422
↑ 969,190 Apar Industries Ltd (Industrials)
Equity, Since 31 Mar 17 | APARINDS1% ₹824 Cr 899,271 TD Power Systems Ltd (Industrials)
Equity, Since 31 Dec 15 | TDPOWERSYS1% ₹799 Cr 10,278,244 eClerx Services Ltd (Technology)
Equity, Since 31 Jul 20 | ECLERX1% ₹779 Cr 1,712,794 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 24 | RELIANCE1% ₹778 Cr 4,964,128 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jul 24 | AXISBANK1% ₹765 Cr 5,977,976 9. ICICI Prudential Value Discovery Fund
ICICI Prudential Value Discovery Fund
Growth Launch Date 16 Aug 04 NAV (02 Jan 26) ₹501.1 ↑ 3.68 (0.74 %) Net Assets (Cr) ₹60,391 on 30 Nov 25 Category Equity - Value AMC ICICI Prudential Asset Management Company Limited Rating ☆☆ Risk Moderately High Expense Ratio 1.55 Sharpe Ratio 0.5 Information Ratio 1.05 Alpha Ratio 4.42 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 Dec 20 ₹10,000 31 Dec 21 ₹13,852 31 Dec 22 ₹15,923 31 Dec 23 ₹20,922 31 Dec 24 ₹25,103 31 Dec 25 ₹28,562 Returns for ICICI Prudential Value Discovery Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Jan 26 Duration Returns 1 Month 0.9% 3 Month 6.3% 6 Month 5.8% 1 Year 12.2% 3 Year 21.4% 5 Year 23.2% 10 Year 15 Year Since launch 20.1% Historical performance (Yearly) on absolute basis
Year Returns 2024 13.8% 2023 20% 2022 31.4% 2021 15% 2020 38.5% 2019 22.9% 2018 0.6% 2017 -4.2% 2016 23.8% 2015 4.6% Fund Manager information for ICICI Prudential Value Discovery Fund
Name Since Tenure Sankaran Naren 18 Jan 21 4.87 Yr. Dharmesh Kakkad 18 Jan 21 4.87 Yr. Sharmila D’mello 30 Jun 22 3.42 Yr. Masoomi Jhurmarvala 4 Nov 24 1.07 Yr. Data below for ICICI Prudential Value Discovery Fund as on 30 Nov 25
Equity Sector Allocation
Sector Value Financial Services 33.29% Technology 14.02% Health Care 11.09% Energy 10.2% Consumer Defensive 7.39% Consumer Cyclical 5.67% Utility 4.32% Industrials 3.16% Basic Materials 3.05% Communication Services 1.71% Asset Allocation
Asset Class Value Cash 6.02% Equity 93.97% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 28 Feb 21 | ICICIBANK9% ₹5,316 Cr 38,278,164
↑ 4,754,937 Infosys Ltd (Technology)
Equity, Since 30 Sep 14 | INFY7% ₹4,428 Cr 28,381,728 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 23 | RELIANCE7% ₹4,179 Cr 26,657,283
↓ -2,728,500 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 21 | HDFCBANK7% ₹3,944 Cr 39,146,435 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 May 16 | SUNPHARMA5% ₹2,840 Cr 15,507,434 Tata Consultancy Services Ltd (Technology)
Equity, Since 28 Feb 25 | TCS5% ₹2,766 Cr 8,815,008 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 20 | AXISBANK4% ₹2,543 Cr 19,874,887 ITC Ltd (Consumer Defensive)
Equity, Since 30 Sep 17 | ITC4% ₹2,262 Cr 55,947,170
↑ 22,215,164 NTPC Ltd (Utilities)
Equity, Since 30 Sep 14 | NTPC4% ₹2,253 Cr 69,020,590
↑ 12,376,109 SBI Life Insurance Co Ltd (Financial Services)
Equity, Since 31 May 21 | SBILIFE3% ₹1,884 Cr 9,583,134
↓ -98,250 10. Nippon India Pharma Fund
Nippon India Pharma Fund
Growth Launch Date 5 Jun 04 NAV (02 Jan 26) ₹512.27 ↑ 3.08 (0.60 %) Net Assets (Cr) ₹8,459 on 30 Nov 25 Category Equity - Sectoral AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk High Expense Ratio 1.81 Sharpe Ratio -0.19 Information Ratio -0.77 Alpha Ratio -1.85 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 Dec 20 ₹10,000 31 Dec 21 ₹12,393 31 Dec 22 ₹11,166 31 Dec 23 ₹15,538 31 Dec 24 ₹20,826 31 Dec 25 ₹20,130 Returns for Nippon India Pharma Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Jan 26 Duration Returns 1 Month -0.6% 3 Month 2.2% 6 Month -0.9% 1 Year -3.4% 3 Year 22.1% 5 Year 15% 10 Year 15 Year Since launch 20% Historical performance (Yearly) on absolute basis
Year Returns 2024 -3.3% 2023 34% 2022 39.2% 2021 -9.9% 2020 23.9% 2019 66.4% 2018 1.7% 2017 3.6% 2016 7.6% 2015 -10.6% Fund Manager information for Nippon India Pharma Fund
Name Since Tenure Sailesh Raj Bhan 1 Apr 05 20.68 Yr. Kinjal Desai 25 May 18 7.52 Yr. Lokesh Maru 5 Sep 25 0.24 Yr. Divya Sharma 5 Sep 25 0.24 Yr. Data below for Nippon India Pharma Fund as on 30 Nov 25
Equity Sector Allocation
Sector Value Health Care 99.45% Asset Allocation
Asset Class Value Cash 0.55% Equity 99.45% Top Securities Holdings / Portfolio
Name Holding Value Quantity Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Oct 09 | SUNPHARMA14% ₹1,146 Cr 6,256,349 Lupin Ltd (Healthcare)
Equity, Since 31 Aug 08 | LUPIN8% ₹642 Cr 3,083,991 Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Mar 12 | DIVISLAB7% ₹583 Cr 900,754
↓ -99,277 Cipla Ltd (Healthcare)
Equity, Since 31 May 08 | CIPLA6% ₹535 Cr 3,495,054 Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 30 Jun 11 | DRREDDY6% ₹493 Cr 3,916,074 Apollo Hospitals Enterprise Ltd (Healthcare)
Equity, Since 30 Sep 20 | APOLLOHOSP6% ₹476 Cr 648,795 Medplus Health Services Ltd (Healthcare)
Equity, Since 30 Nov 22 | 5434273% ₹293 Cr 3,627,277 Vijaya Diagnostic Centre Ltd (Healthcare)
Equity, Since 30 Sep 21 | 5433503% ₹288 Cr 2,886,684 Ajanta Pharma Ltd (Healthcare)
Equity, Since 30 Apr 22 | AJANTPHARM3% ₹246 Cr 959,323 GlaxoSmithKline Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Aug 22 | GLAXO3% ₹235 Cr 913,226
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Research Highlights for Sundaram Mid Cap Fund