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Fund Movements Report

July 2026

How the market's fund categories moved โ€” with the long-cycle context most reports skip ยท data as on 2026-07-29

๐Ÿ“Š This month, in brief

In July 2026, Large & Mid Cap funds led the market with a median return of +1.5%, while Value funds trailed at +0.0%. Notably, Large & Mid Cap has also led over five years (+84.6%) โ€” though past strength is never a guarantee of future returns. A single month says little on its own. The gap between categories is exactly why staying diversified across market caps โ€” rather than chasing the latest leader โ€” has historically served long-term investors better.

Prepared automatically from published NAVs by Ace Financial Services. <!-- Optional: you may add one personal line here before publishing. -->

Category Scoreboard

Median return per category. The 1Y / 3Y / 5Y columns are the reality check โ€” this month is noise; those tell the real story.
CategoryFundsThis Month1 Year3 Year5 Year
Large & Mid Cap47+1.49%+4.44%+43.64%+84.61%
ELSS187+1.39%+0.00%+34.83%+61.48%
Flexi Cap157+1.35%+3.01%+41.14%+67.38%
Large Cap220+1.35%+0.00%+9.94%+18.14%
Factor43+1.26%+7.00%+45.06%โ€”
Multi Cap100+1.20%+3.35%+36.04%+22.20%
Focused167+1.18%+0.00%+27.00%+33.21%
Mid Cap213+1.17%+3.54%+48.56%+78.63%
Aggressive Hybrid177+1.08%+0.00%+34.63%+62.61%
Thematic280+1.08%+1.39%+23.52%+15.57%
Balanced Advantage158+1.03%+0.07%+20.36%+28.05%
Index1777+0.71%+3.44%+24.37%+54.36%
Small Cap202+0.60%+3.02%+26.06%+39.60%
Dividend Yield73+0.58%+0.00%+20.40%+26.93%
Arbitrage388+0.37%+5.22%+12.34%+20.43%
Corporate Bond263+0.03%+0.00%+0.03%+0.25%
Debt4500+0.00%+0.00%+0.00%+0.00%
Other24241+0.00%+0.00%+0.00%+0.00%
Liquid854+0.00%+0.00%+0.00%+0.00%
Gilt358+0.00%+0.00%+0.00%+0.00%
Sectoral553+0.00%+0.05%+16.24%+16.98%
Value227+0.00%+0.00%+0.00%+0.00%
Banking & PSU124+0.00%+0.06%+4.66%+6.56%
Overnight361+0.00%+0.00%+0.00%+0.07%

Month's Leaders

Top equity (growth) funds this month โ€” with 3-yr context.
FundCategoryMonth3Y
HDFC Technology Fund - Growth Option - Direct PlanSectoral+16.30%โ€”
HDFC Technology Fund - Growth OptionSectoral+16.21%โ€”
SBI TECHNOLOGY OPPORTUNITIES FUND - DIRECT PLAN - GRSectoral+14.40%+39.97%
SBI TECHNOLOGY OPPORTUNITIES FUND - REGULAR PLAN - GSectoral+14.31%+35.67%
Kotak Technology Fund - Direct Plan - Growth OptionSectoral+14.03%โ€”
Kotak Technology Fund - Regular Plan - Growth OptionSectoral+13.90%โ€”
ICICI Prudential Technology Fund - Direct Plan - GrSectoral+13.43%+32.22%
ICICI Prudential Technology Fund - GrowthSectoral+13.37%+29.22%
Franklin India Technology Fund - Direct - GrowthSectoral+11.03%+43.25%
Franklin India Technology Fund-GrowthSectoral+10.95%+38.93%
Invesco India Technology Fund - Direct Plan - GrowthSectoral+9.72%โ€”
ICICI Prudential Strategic Metal and Energy Equity FSectoral+9.69%+119.77%

Month's Laggards

Bottom equity (growth) funds this month.
FundCategoryMonth3Y
Edelweiss US Technology Equity Fund of Fund- RegularSectoral-15.62%+85.96%
Edelweiss US Technology Equity Fund of Fund- Direct Sectoral-15.56%+91.04%
Mirae Asset Global X Artificial Intelligence & TechnSectoral-13.65%+119.12%
Mirae Asset Global X Artificial Intelligence & TechnSectoral-13.64%+120.07%
DSP Global Clean Energy Overseas Equity Omni FoF - RSectoral-7.68%+49.11%
DSP Global Clean Energy Overseas Equity Omni FoF DirSectoral-7.64%+51.78%
HSBC Infrastructure Fund - Regular GrowthSectoral-4.47%+51.79%
HSBC Infrastructure Fund - Direct GrowthSectoral-4.39%+56.58%
Motilal Oswal Infrastructure Fund-Regular-GrowthSectoral-4.08%โ€”
Motilal Oswal Infrastructure Fund-Direct-GrowthSectoral-3.97%โ€”
Baroda BNP Paribas Energy Opportunities Fund - RegulSectoral-3.36%โ€”
ICICI PRUDENTIAL ENERGY OPPORTUNITIES FUND - GrowthSectoral-3.35%โ€”
Disclaimer: For information and education only; not a recommendation to buy or sell any scheme. One month's performance is not indicative of anything โ€” always read the longer-period columns. Returns are computed from published NAVs; category is inferred from scheme name and may occasionally misclassify. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Ace Financial Services โ€” AMFI Registered MFD (ARN-110832).
Prepared by Kaustubh Valimbe ยท Ace Financial Services, Pune ยท Talk to an Expert โ†’