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SCOREBOARD FUND CLASSIFICATION

EQUITY HYBRID
No. of funds No. of funds
Large cap At least 80% in large caps 127 Aggressive hybrid 65–80% in equity and the rest in debt 48

Large & mid cap At least 35% each in large and Balanced hybrid 40–60% in equity and the rest in debt 9
mid caps 29
Conservative hybrid 10–25% in equity and the rest in debt 88
Multi cap Any proportion across large, mid
and small caps 13 Equity savings At least 65% in equity and at least
10% in debt 25
Mid cap At least 65% in mid caps 33
Arbitrage Investments in arbitrage opportunities 27
Small cap At least 65% in small caps 42
Dynamic asset Dynamic asset allocation 26
Value-oriented Following the value strategy 20 allocation between equity and debt

ELSS Across proportion across large, Multi asset Investments in 3 different asset classes, 19
mid and small caps 66 allocation with a minimum 10% in all three

Sectoral/ At least 80% in a particular
thematic* sector or theme 136 COMMODITIES

International More than 65% in foreign equities 44 Gold Investment in gold 21

Flexi Cap Dynamic Scheme with atleast 65% 54
in equity

DEBT
No. of funds
Long duration Instruments with Macaulay duration greater than 7 years 6
Medium to long duration Instruments with Macaulay duration between 4 and 7 years; under anticipated adverse situation, 1 year to 4 years** 15

Medium duration Instruments with Macaulay duration between 3 and 4 years; under anticipated adverse situation, 1 year to 4 years** 31
Short duration Instruments with Macaulay duration between 1 year and 3 years 29

Money market Money-market instruments having maturity up to 1 year 20

Low duration Instruments with Macaulay duration between 6 and 12 months 29
Ultra short duration Instruments with Macaulay duration between 3 and 6 months 30

Liquid Debt and money-market securities with maturity of up to 91 days 42
Overnight Securities having maturity of 1 day 30

Dynamic bond Investments across durations 32
Corporate bond At least 80% in AA+ and above-rated corporate bonds 22

Credit risk At least 65% in AA and below-rated corporate bonds 28

Banking and PSU At least 80% in the debt instruments of banks, PSUs, public financial institutions and municipal bonds 23
Floater At least 65% in floating-rate instruments (including fixed-rate ones converted to floating rate) 9

Gilt At least 80% in government securities 24
Gilt with 10-year At least 80% in government bonds such
constant duration that the average maturity of the portfolio is 10 years 5
FMP Investment for a pre-defined term 696

*Include dividend-yield funds. **Anticipated adverse situation is if the fund manager expects the interest rates to move adversely

Mutual Fund Insight March 2021 49
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