Equity markets often move in cycles. While some mutual funds hit fresh 52-week highs during bull runs, others undergo healthy corrections due to sector rotation, global cues, profit booking, or temporary underperformance. Such dips sometimes create attractive opportunities for investors who are looking for funds available at a reasonable entry point. In this article, we identified 9 mutual funds that have fallen between 18% and 20% from their respective 52-week high NAVs. We will review their objectives, performance, risks, suitability, and whether investors can consider them now.
Earlier we have analysed 10 Mutual Funds that Delivered 35% to 95% Returns in 1 Year and readers like the article.
How We Filtered These Mutual Funds?
To maintain transparency and consistency, we followed a clear filtering process:
- We considered all equity mutual funds from direct plans across categories (Index Funds, Flexi-cap, Global FoFs, Sectoral Funds, etc.).
- For each scheme, we compared the current NAV vs. the 52-week high NAV.
- We shortlisted only the funds that had a fall between 18% and 20% from their peak NAV.
- Based on this filtering, we identified 9 mutual funds that currently trade at attractive corrected levels.
List of 9 Mutual Funds That Fell 18% – 20% From Their 52-Week High NAV
| S. No | Mutual Fund Name | Current NAV (₹) | 52-Week High (₹) | % Corrected |
|---|---|---|---|---|
| 1 | Mirae Asset Hang Seng TECH ETF FoF | 14.10 | 17.70 | 20.4% |
| 2 | Samco Flexi Cap Fund | 10.65 | 13.23 | 19.5% |
| 3 | Bandhan Nifty IT Index Fund | 12.26 | 15.22 | 19.5% |
| 4 | Axis Nifty IT Index Fund | 12.64 | 15.68 | 19.4% |
| 5 | Nippon India Nifty IT Index Fund | 9.85 | 12.22 | 19.4% |
| 6 | ICICI Prudential Nifty IT Index Fund | 12.76 | 15.82 | 19.3% |
| 7 | Navi Nifty IT Index Fund | 10.73 | 13.29 | 19.3% |
| 8 | Shriram Multi Sector Rotation Fund | 8.23 | 10.07 | 18.3% |
| 9 | Invesco India – Global Consumer Trends FoF | 11.68 | 14.24 | 18.0% |
Deep Dive Into Each Mutual Fund
Below is an easy-to-understand analysis of each scheme including objectives, returns, suitability, and risks.
#1 – Mirae Asset Hang Seng TECH ETF FoF
Fall From 52-Week High: The fund fell 20.4% from its 52-week high NAV of ₹17.70 to the current NAV of ₹14.10.
Fund Objective: Invests in the Hang Seng TECH Index containing top Chinese technology companies.
CAGR Performance:
- 6 Months: 16.04%
- 1 Year: 43.62%
- 3 Years: 29.57%
Note: Launched < 5 years, hence long-term performance not available.
Who Can Invest?
- Investors who believe in China tech recovery.
- Those seeking global diversification.
Key Risks:
- High volatility due to Chinese regulatory environment.
- Currency risk (INR vs. HKD).
Though this fund has fallen by 20.4% from 52 week high, it is among 10 Mutual Funds that Outperformed with 40% to 110% Returns Since Last Diwali.
#2 – Samco Flexi Cap Fund
Fall From 52-Week High: The fund fell 19.5% from its 52-week high NAV of ₹13.23 to the current NAV of ₹10.65.
Fund Objective: Aims to invest across market caps using a proprietary stress-tested valuation model.
CAGR Performance:
- 6 Months: 0.57%
- 1 Year: -11.32%
- 3 Years: 3.13%
Note: Fund is < 5 years old.
Who Can Invest?
- Investors looking for a high-conviction flexi-cap strategy.
Key Risks:
- Higher volatility due to concentrated picks.
- Underperformance in short term.
#3 – Bandhan Nifty IT Index Fund
Fall From 52-Week High: The fund fell 19.5% from its 52-week high NAV of ₹15.22 to the current NAV of ₹12.26.
Fund Objective: Tracks Nifty IT Index comprising India’s top IT companies.
CAGR Performance:
- 6 Months: -2.65%
- 1 Year: -12.64%
- 3 Years: Not Applicable
Who Can Invest?
- Long-term believers in the IT sector.
- Ideal for sector rotation strategies.
Key Risks:
- Sector concentration risk.
- Impact from global tech spending trends.
#4 – Axis Nifty IT Index Fund
Fall From 52-Week High: The fund fell 19.4% from its 52-week high NAV of ₹15.68 to the current NAV of ₹12.64.
Fund Objective: Mirrors the performance of the Nifty IT Index.
CAGR Performance:
- 6 Months: -2.56%
- 1 Year: -12.59%
- 3 Years: Not Applicable
Who Can Invest?
- Investors looking for pure-play IT exposure.
Key Risks:
- High volatility due to US recession fears.
- Currency fluctuation impacts.
Earlier we listed this fund among 10 Worst Performing Mutual Funds in the Last 1 Year in 2025 (-16% to -12% Returns).
#5 – Nippon India Nifty IT Index Fund
Fall From 52-Week High: The fund fell 19.4% from its 52-week high NAV of ₹12.22 to the current NAV of ₹9.85.
Fund Objective: Provides returns in line with the Nifty IT Index.
CAGR Performance:
- 6 Months: -2.62%
- 1 Year: -12.54%
- 3 Years: Not Applicable
Who Can Invest?
- Investors betting on a revival in the Indian IT sector.
Key Risks:
- Global macroeconomic challenges.
- Dollar revenue dependency.
#6 – ICICI Prudential Nifty IT Index Fund
Fall From 52-Week High: The fund fell 19.3% from its 52-week high NAV of ₹15.82 to the current NAV of ₹12.76.
Fund Objective: Aims to replicate the Nifty IT Index.
CAGR Performance:
- 6 Months: -2.63%
- 1 Year: -12.52%
- 3 Years: 8.45%
Who Can Invest?
- Suitable for long-term IT sector allocation.
- Investors preferring a slightly longer track record.
Key Risks:
- Sectoral cyclicality.
- US tech-spending slowdown.
#7 – Navi Nifty IT Index Fund
Fall From 52-Week High: The fund fell 19.3% from its 52-week high NAV of ₹13.29 to the current NAV of ₹10.73.
Fund Objective: Provides low-cost exposure to Nifty IT Index.
CAGR Performance:
- 6 Months: -2.61%
- 1 Year: -12.46%
- 3 Years: Not Applicable
Who Can Invest?
- Investors looking for cost-efficient index investing.
Key Risks:
- Sector concentration risk.
- Highly dependent on global economic cues.
#8 – Shriram Multi Sector Rotation Fund
Fall From 52-Week High: The fund fell 18.3% from its 52-week high NAV of ₹10.07 to the current NAV of ₹8.23.
Fund Objective: Follows a sector rotation strategy to capture opportunities across sectors.
CAGR Performance:
- 6 Months: 4.68%
- 1 Year: Not Applicable
- 3 Years: Not Applicable
Who Can Invest?
- Investors looking for tactical allocation.
- Those who believe in theme-based rotations.
Key Risks:
- High churn and strategy-driven volatility.
- No long-term track record.
We explored this fund as part of 10 Mutual Funds That Crashed the Most in the Last 6 Months in 2025 earlier.
#9 – Invesco India – Invesco Global Consumer Trends FoF
Fall From 52-Week High: The fund fell 18.0% from its 52-week high NAV of ₹14.24 to the current NAV of ₹11.68.
Fund Objective: Invests in US-based consumer and e-commerce megatrends.
CAGR Performance:
- 6 Months: 16.46%
- 1 Year: 25.02%
- 3 Years: 23.00%
Note: Fund < 5 years old.
Who Can Invest?
- Investors looking for global consumer and technology exposure.
- Those wanting USD diversification.
Key Risks:
- Global market volatility.
- Currency risk.
- Sector concentration.
Summary of Mutual Fund Performance
- Most IT index funds have corrected 19%+ due to global slowdown in tech spending.
- Global funds like Mirae Hang Seng TECH and Invesco Global Consumer Trends demonstrate strong 1-year performance, despite corrections.
- Flexi-cap and sector rotation funds are showing mixed performance and higher volatility. Check out Top Flexi-cap mutual Funds of 2025 here.
Conclusion
A fall of 18%–20% from 52-week highs does not necessarily indicate weakness—it may highlight attractive valuations. However, investors should evaluate whether the correction is due to temporary macro factors or fundamental deterioration.
These 9 mutual funds are trading at lower levels, and some may offer good opportunities for long-term investors depending on risk appetite and sector outlook. As always, consider your investment horizon, risk tolerance, and diversification needs before investing.
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