Mixed Mutual Fund Returns
Five Direct-Plan Mutual Funds Report Mixed Returns and Varied One-Year Performance
Anonymous
Key Points
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Groww Nifty India Internet ETF FOF(G)-Direct Plan was launched on July 3, 2025, and is managed by Aakash Chauhan, Nikhil Satam and Shashi Kumar.
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Invesco India Manufacturing Fund(G)-Direct Plan was launched on Aug. 14, 2024, and is managed by Nikhil Kale.
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Tata Infrastructure Fund(G)-Direct Plan is managed by Abhinav Sharma and was launched on Jan. 1, 2013.
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HDFC Nifty India Digital Index Fund(G)-Direct Plan was launched on Dec. 11, 2024, and is managed by Arun Agarwal and Nandita Menezes.
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Tata India Innovation Fund(G)-Direct Plan began on Nov. 28, 2024, and is managed by Meeta Shetty and Hasmukh Vishariya.
Five Indian mutual funds showed sharply divergent returns as of September 15-16, 2026, with one-year performance ranging from a 10.51% gain to a 5.91% loss Univest. Invesco India Manufacturing Fund led the pack, while tech-focused funds stumbled—the HDFC Nifty India Digital Index Fund dropped 5.91% and the Groww Nifty India Internet ETF Fund of Fund fell 1.07%. Net asset values ranged from ₹8.63 to ₹190.18 across the five direct-plan schemes, which span equity, index, and fund-of-fund categories managed by major asset management companies.
Manufacturing Funds Outpace Digital And Internet Bets
Invesco India Manufacturing Fund delivered the strongest returns, climbing 10.51% over the past year Univest. The fund, launched August 14, 2024, and managed by Nikhil Kale, benefited from resilience in India's capital goods and industrial sectors tied to domestic policy support. In contrast, newer technology-focused schemes suffered sharp declines. The HDFC Nifty India Digital Index Fund, launched December 11, 2024, lost 5.91%, while Groww's internet-focused fund fell 1.07%, reflecting global tech valuation pressure and weakened demand.
Only Long-Established Fund Shows Multi-Year Strength
Tata Infrastructure Fund stands alone with a proven track record. Launched January 1, 2013, and managed by Abhinav Sharma, it delivered annualized three-year returns of 11.55% and five-year returns of 15.50% Univest. The fund also posted modest one-year gains of 1.45%. All four other funds lack three- and five-year performance histories because they launched between August 2024 and July 2025. Tata India Innovation Fund, managed by Meeta Shetty and Hasmukh Vishariya, posted a flat 1.00% one-year return.
Advisory Services Gain Traction Amid Fund Volatility
The wide performance swings across thematic funds have fueled adoption of professional advisory platforms. Univest now promotes its PRO Mutual Fund Advisory service, which offers profile-based fund recommendations, portfolio reviews, and rebalancing guidance Univest. Premium plans add expert advisory calls and priority support. Analysts note that while direct-plan funds charge lower fees than regular plans, thematic schemes expose retail investors to significant volatility. Systematic advisory helps investors avoid chasing hot sectors and instead align holdings with their risk tolerance and time horizon.
New Funds Attract Retail Interest Despite Uneven Starts
Despite mixed early returns, India's asset management companies continue launching specialized direct-plan schemes targeting young retail investors. The five funds examined span digital infrastructure, manufacturing, innovation, and internet themes—sectors aligned with India's growth narrative. HDFC Nifty India Digital Index Fund (NAV: ₹8.63) and Tata India Innovation Fund remain nascent, each launched within the past year. Their steep losses suggest retail investors are learning that thematic bets require patience and timing—and that even promising sectors can face short-term headwinds from global economic cycles.
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