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Fund Movements Report

July 2026

How fund categories moved - with the long-cycle context most reports skip - data as on 2026-07-30

This month, in brief

Over the last month, Large Cap funds led with a median return of +1.8%, while Small Cap funds trailed at +0.5%. Steadier large-caps ahead of the racier small- and mid-caps points to a more defensive month. The longer view matters more: over five years the median leader has been Small Cap (+16.1% CAGR), not this month's front-runner - one month rarely predicts the next. A single month says little on its own. The gap between categories is exactly why staying diversified across market caps - rather than chasing the latest leader - has historically served long-term investors better.

Prepared automatically from published NAVs by Ace Financial Services.

Category Scoreboard

Median return per sub-category (Growth plans only). 1M & 6M are absolute; 1Y and longer are annualised (CAGR). "-" means too few funds or too little history.
CategoryFunds1M6M1Y2Y3Y5Y
Large Cap138+1.77%-0.14%+1.74%+1.45%+10.53%+11.04%
Focused79+1.71%+4.29%+5.05%+4.34%+12.56%+12.46%
ETF260+1.62%-0.11%+2.31%+0.05%+8.45%+10.16%
Index Fund616+1.58%+2.58%+3.14%-0.11%+10.71%+10.09%
Flexi Cap100+1.42%+4.67%+2.94%+2.38%+12.93%+12.02%
Multi Cap83+1.36%+7.07%+6.75%+3.59%+15.98%+15.66%
Value104+1.30%+7.53%+10.24%+4.50%+12.45%+14.00%
Gold ETF/FoF33+1.30%-13.18%+42.80%+42.41%+32.29%+9.95%
Large & Mid Cap84+1.29%+4.31%+4.82%+2.46%+14.87%+13.84%
ELSS122+1.26%+2.42%+2.40%+1.25%+12.55%+12.01%
Gold FoF47+1.24%-13.66%+41.90%+41.66%+32.39%+22.75%
Multi Asset Allocation85+1.23%-0.75%+10.41%+8.82%+14.02%+13.32%
Contra17+1.21%+1.92%+1.71%+0.48%+14.24%+13.86%
Balanced Advantage / DAA100+1.12%+2.58%+3.45%+3.63%+9.80%+9.19%
Retirement75+1.08%+2.65%+2.95%+3.80%+8.80%+8.72%
Balanced Hybrid6+1.02%+3.85%+4.60%+4.67%--
Mid Cap103+0.98%+9.20%+7.63%+4.11%+18.25%+15.09%
Domestic FoF180+0.94%+2.70%+5.47%+6.57%+11.80%+11.48%
Equity Savings84+0.93%+2.94%+5.48%+5.73%+8.53%+7.79%
Sectoral / Thematic572+0.85%+5.45%+6.33%+4.54%+13.61%+13.07%
Diversified Equity163+0.78%+5.49%+9.32%+9.41%+13.09%+11.04%
Fixed Maturity Plan5105+0.60%+3.76%+7.66%+7.80%+8.12%+7.57%
Arbitrage129+0.60%+3.07%+6.03%+6.39%+6.72%+5.94%
Unclassified4697+0.55%+3.53%+7.37%+7.51%+7.88%+7.92%
Debt (Other)1115+0.54%+3.38%+6.63%+7.17%+7.43%+6.71%
Children's33+0.52%+2.98%+1.93%+2.48%+9.35%+9.38%
Aggressive Hybrid293+0.51%+2.04%+4.56%+6.70%+9.25%+11.06%
Short Duration329+0.50%+3.24%+5.94%+7.05%+7.14%+6.58%
Liquid285+0.48%+3.33%+6.28%+6.64%+6.84%+6.14%
Small Cap108+0.48%+13.89%+7.96%+5.64%+16.44%+16.11%
Ultra Short Duration117+0.47%+3.39%+6.34%+6.88%+7.00%+6.26%
Conservative Hybrid44+0.46%+2.12%+3.32%+4.97%+7.21%+7.34%
Credit Risk51+0.46%+4.20%+7.68%+8.37%+8.54%+7.22%
Money Market63+0.45%+3.34%+6.18%+7.08%+7.19%+6.49%
Debt Index/ETF249+0.44%+3.00%+5.44%+7.13%+7.38%+6.04%
Low Duration167+0.43%+3.31%+6.07%+7.08%+6.80%+6.08%
Overnight123+0.42%+2.55%+5.26%+5.74%+6.08%+5.60%
Floater50+0.41%+3.40%+6.10%+7.29%+7.64%+6.75%
Overseas FoF127+0.31%+3.58%+15.87%+21.68%+19.27%+10.91%
Banking & PSU93+0.28%+3.22%+5.28%+6.99%+7.05%+6.02%
Medium Duration58+0.27%+3.43%+5.92%+7.19%+6.93%+6.14%
Corporate Bond87+0.23%+3.20%+5.14%+7.09%+7.23%+6.12%
Gilt 10Y Constant13+0.22%+3.16%+4.41%+7.18%+7.44%+6.18%
Dynamic Bond73+0.22%+3.03%+4.47%+6.26%+6.77%+6.13%
Medium to Long Duration22+0.07%+3.24%+3.95%+6.06%+6.51%+5.70%
Gilt181+0.06%+3.08%+3.58%+5.54%+6.59%+5.97%
Long Duration22-0.51%+2.62%+1.94%+4.47%+6.34%+6.29%
Silver ETF/FoF16-2.78%-38.84%+89.58%+61.78%+41.86%-
Silver FoF31-2.92%-37.98%+86.12%+59.36%+40.88%-

Month's Leaders

Top equity (growth) funds, last 1 month - with 3Y context.
FundCategory1M3Y
ING Midcap Fund-Bonus OptionMid Cap+35.06%+7.34%
ING Domestic Opportunities Fund-Bonus OptionSectoral / Thematic+26.08%+16.73%
ING Large Cap Equity Fund-Bonus OptionLarge Cap+25.79%+17.99%
PineBridge Infrastructure & Economic Reform Fund - ISectoral / Thematic+18.20%+2.65%
HDFC Technology Fund - Growth Option - Direct PlanSectoral / Thematic+16.11%-
HDFC Technology Fund - Growth OptionSectoral / Thematic+16.01%-
SBI TECHNOLOGY OPPORTUNITIES FUND - DIRECT PLAN - GRSectoral / Thematic+14.97%+11.67%
SBI TECHNOLOGY OPPORTUNITIES FUND - REGULAR PLAN - GSectoral / Thematic+14.88%+10.51%
Aditya Birla Sun Life Digital India Fund - Growth - Sectoral / Thematic+14.75%+7.78%
Aditya Birla Sun Life Digital India Fund - Growth - Sectoral / Thematic+14.66%+6.63%
Kotak Technology Fund - Direct Plan - Growth OptionSectoral / Thematic+14.32%-
Kotak Technology Fund - Regular Plan - Growth OptionSectoral / Thematic+14.19%-

Month's Laggards

Bottom equity (growth) funds, last 1 month.
FundCategory1M3Y
Reliance Banking & Financial Services Fund - InstituSectoral / Thematic-86.74%-
Reliance Equity Opportunities Fund Institutional PlSectoral / Thematic-65.41%-
SAHARA BANKING & FINANCIAL SERVICES FUND- GROWTH OPTSectoral / Thematic-42.61%-5.90%
SAHARA BANKING & FINANCIAL SERVICES FUND- GROWTH - DSectoral / Thematic-42.59%-4.82%
Reliance Focused Large Cap Fund Institutional Plan Large Cap-31.50%-
Reliance Focused Large Cap Fund Institutional Plan GLarge Cap-31.50%-
Sahara Star Value Fund-Growth OptionValue-29.18%-7.01%
Sahara Star Value Fund-Growth - DirectValue-29.18%-6.90%
Sahara Infrastructure Fund ---FIXED PRICING OPTION-GSectoral / Thematic-28.61%-8.59%
Sahara Infrastructure Fund ---VARIABLE PRICING OPTIOSectoral / Thematic-28.60%-7.43%
Sahara Infrastructure Fund ---VARIABLE PRICING OPTIOSectoral / Thematic-28.59%-6.99%
Sahara Infrastructure Fund ---FIXED PRICING OPTION-DSectoral / Thematic-28.47%-6.21%
Disclaimer: For information and education only; not a recommendation to buy or sell any scheme. One month's performance is not indicative of future returns; always read the longer-period columns. Returns are computed from published AMFI NAVs (1M/6M absolute; 1Y and longer annualised). Category is inferred from the scheme name and may occasionally misclassify. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Ace Financial Services - AMFI Registered MFD (ARN-110832).
Prepared by Kaustubh Valimbe · Ace Financial Services, Pune · Talk to an Expert →