Which mutual funds are scoring high on value, quality and momentum factors: Insights from Share.Market’s MF scorecard

Mutual fund houses like Nippon India Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, and Franklin Templeton Mutual Fund emerged as the most consistent performers across fund categories. PPFAS Mutual Fund’s two equity funds also stood out for their consistent performance, with a strong focus on Quality and Value factors.

On the other hand, most of the funds of quant AMC also score “high” on performance consistency, their funds seem to have significantly higher risk than peers in the respective categories, according to Share.Market’s CRISP Mutual Funds Scorecard.

Based on balanced factor exposure yields results, AMCs like ICICI Prudential Mutual Fund, SBI Mutual Fund, and Nippon India Mutual Fund demonstrated strong performance consistency without extreme tilt towards a single investment style, highlighting the effectiveness of balanced strategies, stock selection, and asset allocation.

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Based on value & momentum styles outperformance, funds with high exposure to Value and Momentum investment styles outperformed across most categories over the past five years, the scorecard highlighted.

In the Large & Midcap Funds category, approximately 56% of the funds categorised as high on value style are also high on consistency, and 22% are ‘high’ on momentum. In the ELSS category, around 55% of the funds with “high” performance consistency had a “high” score on value style, and 45% had a “high” score on momentum.

Other core categories, such as flexicap and large cap, have also witnessed a similar trend, with the majority of “high” consistency performers being “high” on value and/or momentum investment styles.

The report also highlights that there are instances of funds that, despite maintaining 'High' exposure to styles that have driven performance over the last 5 years, i.e. High Value and/or High Momentum, have not been able to translate this into strong Consistency scores. This highlights the fact that favourable style factors alone do not guarantee top-tier results.

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“Investors today are overwhelmed with data, but much of it stops at historical returns or risk-adjusted ratings—often leaving them with limited information for investment decision making. At Share.Market, we believe investors deserve more. With our CRISP Mutual Funds Scorecard, we go beyond past performance to offer deeper, actionable insights into how their money is truly being managed. This initiative reflects our commitment to empowering investors with a clearer, more holistic view of mutual fund performance,” said Ujjwal Jain, CEO, Share.Market.

Share.Market (PhonePe Wealth) released the inaugural edition of its “CRISP Mutual Funds Scorecard” for the quarter ending March 2025 (data considered is for the period April ‘20 to March ‘25) today.

The CRISP Mutual Funds Scorecard is a quarterly, data-driven evaluation of mutual funds across categories and AMCs, offering investors a comprehensive view of performance, risk, and investment style.