Top Performing Large and Mid Cap Funds: Large and mid cap funds have no answer in terms of giving blockbuster returns year after year. These funds coming under the category of equity mutual funds have given tremendous returns in the last 5 years. The scheme which is at the top in terms of returns in this category has a return of more than 32% in the last 5 years. Not only this, there are at least 16 large and mid cap funds whose average annual return in the last 5 years has been above 25%. Let us know about these schemes. Along with this, we will also see what is the specialty of large and mid cap funds and the reason for their tremendous success.
Lord and Mid Cap Funds that gave multibagger returns in 5 years
The 16 large and mid cap funds whose details we are providing here have annual returns ranging from 25% to 32%. You can guess what an annual return of 25% means by the fact that if the returns keep coming at this rate, then an amount of Rs 1 lakh will become three times i.e. 3 lakhs in 5 years. At the same time, at 32% annual return, this amount will become four times i.e. 4 lakh rupees! You can see a brief information about the schemes giving such multibagger returns here. The benchmark of all these schemes is NIFTY Large Midcap 250 Total Return Index, whose average annual return for 5 years has been 26.44%.
1. Quant Large and Mid Cap Fund
5 Year Average Annual Return (Direct Plan): 32.09%
5 Year Average Annual Return (Regular Plan): 30.47%
Asset Under Management (AUM): Rs 3,757.07 crore
2.Bandhan Core Equity Fund
5 Year Average Annual Return (Direct Plan): 28.95%
5 Year Average Annual Return (Regular Plan): 27.43%
Asset Under Management (AUM): Rs 6,808.26 crore
3. HDFC Large and Mid Cap Fund
5 Year Average Annual Return (Direct Plan): 28.25%
5 Year Average Annual Return (Regular Plan): 27.41%
Asset Under Management (AUM): Rs 24,234.60 crore
4. ICICI Prudential Large & Mid Cap Fund
5 Year Average Annual Return (Direct Plan): 27.95%
5 Year Average Annual Return (Regular Plan): 26.90%
Asset Under Management (AUM): Rs 17,084.55 crore
5. Axis Growth Opportunities Fund
5 Year Average Annual Return (Direct Plan): 27.18%
5 Year Average Annual Return (Regular Plan): 25.42%
Asset Under Management (AUM): Rs 14,352.81 crore
6.UTI Large & Mid Cap Fund
5 Year Average Annual Return (Direct Plan): 27.10%
5 Year Average Annual Return (Regular Plan): 26.31%
Asset Under Management (AUM): Rs 4,021.58 crore
7. Edelweiss Large & Mid Cap Fund
5 Year Average Annual Return (Direct Plan): 26.84%
5 Year Average Annual Return (Regular Plan): 24.87%
Asset Under Management (AUM): Rs 3,734.01 crore
8. Kotak Equity Opportunities Fund
5 Year Average Annual Return (Direct Plan): 26.66%
5 Year Average Annual Return (Regular Plan): 25.19%
Asset Under Management (AUM): Rs 25,842.86 crore
9. Canara Robeco Emerging Equities Fund
5 Year Average Annual Return (Direct Plan): 26.37%
5 Year Average Annual Return (Regular Plan): 24.93%
Asset Under Management (AUM): Rs 25,395.80 crore
10. Mirae Asset Large & Midcap Fund
5 Year Average Annual Return (Direct Plan): 26.12%
5 Year Average Annual Return (Regular Plan): 24.87%
Asset Under Management (AUM): Rs 40,396.07 crore
Also read: HDFC Defense Fund’s spectacular performance! Gave more than 84% return in one year, how good is this scheme for common investors?
11. Invesco India Large & Mid Cap Fund
5 Year Average Annual Return (Direct Plan): 26.11%
5 Year Average Annual Return (Regular Plan): 24.55%
Asset Under Management (AUM): Rs 6,433.20 crore
12. DSP Equity Opportunities Fund
5 Year Average Annual Return (Direct Plan): 26.02%
5 Year Average Annual Return (Regular Plan): 24.82%
Asset Under Management (AUM): Rs 14,270.00 crore
13. Nippon India Vision Fund
5 Year Average Annual Return (Direct Plan): 25.90%
5 Year Average Annual Return (Regular Plan): 25.27%
Asset Under Management (AUM): Rs 5,561.56 crore
Also read: This hybrid fund of HDFC MF made you a millionaire with just Rs 800 SIP, gave more than 19% annualized return in 30 years
14. SBI Large & Midcap Fund
5 Year Average Annual Return (Direct Plan): 25.60%
5 Year Average Annual Return (Regular Plan): 24.61%
Asset Under Management (AUM): Rs 28,837.36 crore
15. HSBC Large and Mid Cap Fund
5 Year Average Annual Return (Direct Plan): 25.16%
5 Year Average Annual Return (Regular Plan): 24.18%
Asset Under Management (AUM): Rs 3,694.25 crore
16. Sundaram Large and Mid Cap Fund
5 Year Average Annual Return (Direct Plan): 25.13%
5 Year Average Annual Return (Regular Plan): 23.70%
Asset Under Management (AUM): Rs 7,202.95 crore
Also read: Mutual Fund: Top 7 flexi cap funds gave profits ranging from 25% to 37%, how is the balance of risk-return, should you invest
What is the specialty of large and mid cap funds
According to SEBI’s definition, large and mid cap funds mean such mutual fund schemes whose portfolio is invested at least 35% in large cap stocks and the same amount i.e. 35% in mid cap stocks. That is, combining both of these, a total of 70% of the portfolio is invested in large and mid cap stocks. Apart from this, the fund manager can invest the remaining 30% of the capital as per his wish. Since more than 65% of the investment is in equity, they have been placed in the category of equity funds. That is, by investing in them, you can get all the tax benefits that are available on investing in equity funds. Investing in large cap stocks strengthens these funds, while investing in mid cap increases the possibility of high returns. Along with this, the benefit of diversification is also available. However, due to at least 70% exposure to equity, they are placed in the category of very high risk on the riskometer.
Also read: Top Multi Cap Funds: Top multi-cap funds giving more than 25% annual return, why should retail investors invest in them?
For whom is this fund right
Large and mid cap funds can be considered a better option for those investors who are willing to take a little more risk to get higher returns than large cap funds. Also, believe in long term investment to get the full benefit of equity investment. Investors who want to invest for a period of less than 5 years should generally avoid investing in equity funds.
(Disclaimer: The purpose of this article is only to provide information, not to recommend investment in any scheme. Past returns of mutual funds cannot be considered as a guarantee of similar performance in future. Take any investment decision only after consulting your investment advisor.)
