Performance of mutual funds launched in the last one year
Have look at the six-month and three-month performance of recently launched equity-oriented, debt-oriented and hybrid schemes
In India, since the beginning of 2021, various mutual funds have come up with new schemes and the year 2022 has also kickstarted with a lot of NFOs. The new fund offerings are raining in India. Investing in a new fund offering is not the best option unless a mutual fund is offering any unique scheme. As there is no past performance data available, there is no assurance that the investment objective of the scheme will be achieved.
So, let’s have look at the six-month and three-month performance of recently launched equity-oriented, debt-oriented and hybrid schemes:
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Equity-oriented funds
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Mutual Fund Scheme (Direct Plans)
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Inception Date
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3-month Performance (%) as against benchmark performance
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1-month Performance (%)
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Returns since inception
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Expense Ratio (%) (as of Dec 2021)
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AUM (in crores) (as of Dec 2021)
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Tata Business Cycle Fund
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4th Aug 2021
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0.6 (Nifty 500 TRI: -3.60)
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6.7
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8.1
|
0.70
|
939.34
|
|
Nippon India Flexi-cap Fund
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13th Aug 2021
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2.8 (Nifty 500 TRI: -3.60)
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7.0
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11.8
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0.37
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3,583.21
|
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Mirae Asset Nifty Financial Services ETF
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30th July 2021
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-5.9 (Nifty Financial Services TRI: -9.57)
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7.2
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9.5
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0.13
|
96.62
|
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HDFC Nifty 50 Equal Weight Index Fund
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20th Aug 2021
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-3.0 (Nifty 50 Equal Weight TRI: -3.98)
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5.2
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8.0
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0.40
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446.86
|
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Debt-oriented Funds
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Union Money Market Fund
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26th Aug 2021
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0.84 (CRISIL Money Market Index: 1.00)
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0.29
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1.33
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0.20
|
152.87
|
|
Aditya Birla SL Nifty SDL Plus PSU Bond Sep 2026 60:40 Index Fund
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24th Sep 2021
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0.53 (Nifty SDL Plus PSU Bond Sep 2026 60:40: 0.72 (Returns as of 31st Dec 2021))
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-0.30
|
0.51
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0.50
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2,684.60
|
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ICICI Prudential PSU Bond Plus SDL 40:60 Index Fund
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28th Sep 2021
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0.76 (Nifty PSU Bond Plus SDL Sep 2027 40:60 Index: 0.93 (Returns as of 31st Dec 2021))
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-0.16
|
0.66
|
0.15
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1,421.10
|
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Edelweiss NIFTY PSU Bond Plus SDL Index Fund-2027
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14th Oct 2021
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0.73 (Nifty PSU Bond Plus SDL Apr 2027 50:50 Index: 0.88 (Returns as of 31st Dec 2021))
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-0.18
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0.76
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0.16
|
1,469
|
|
Hybrid Funds
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Parag Parikh Conservative Hybrid Fund
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26th May 2021
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0.28 (CRISIL Hybrid 85+15 Conservative Index: 0.28)
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0.47
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4.95
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0.31
|
661.19
|
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SBI Balanced Advantage Fund
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31st Aug 2021
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0.01 (NIFTY 50 Hybrid Composite debt 50:50 Index: -0.32 (Returns as of 31st Dec 2021))
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1.50
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2.6
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0.35
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23,068.14
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One shouldn’t just rely on the above-mentioned returns and decide to invest as these may have performed well in the short term, but there is no assurance that they will perform well in the longer term as well. So, one should assess their risk profile, returns they expect, and also, they should look at the portfolio, risk and other parameters of the mutual fund scheme.