7 large and midcap mutual funds that have beaten benchmarks in 3 years
Large and midcap mutual fund are equity funds that invest their money in large-cap and mid-cap companies. As per Association of Mutual funds in India (AMFI) guidelines, a large and mid cap fund invests 35% of its investment in large-cap stocks and a similar proportion in mid-cap stocks. Many of the large and mid cap funds have performed well in terms of lump sum as well as SIP returns in the last 3 years. Many of them have beaten their respective benchmarks in the last 3 years. Here's a list of 7 such mutual funds (Top 6 funds in the list are benchmarked against NIFTY Large Midcap 250 Total Return Index).
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Quant Large and Mid Cap Fund
The fund at No. 1 position has given 32.10% returns in the 3 years. Its benchmark, NIFTY Large Midcap 250 Total Return Index, in the same time has given 23.15% returns.
The fund's asset under management (AUM) is Rs 2,527.87 crore while its net asset value (NAV) is Rs 127.5545.
ICICI Prudential Large & Mid Cap Fund
The fund from ICICI has given 28.76% returns in the 3 years. Its AUM is Rs 13,159.15 crore while the NAV is 951.7400.
Motilal Oswal Large and Midcap Fund
This large and midcap fund from Moitlal Oswal has given a return of 28.66% in the 3-year period. The fund's AUM is Rs 4,007.71 crore while its NAV is Rs 29.0537.
HDFC Large and Mid Cap Fund
The 3-year return of the HDFC fund is 27.91%. Its AUM is Rs 18,626.34 crore while the NAV is Rs 314.1770.
Bandhan Core Equity Fund
The Bandhan Bank equity fund has given 27.82% returns. Its AUM is worth Rs 4,374.85 crore, while its NAV is at Rs 132.7070.
Mahindra Manulife Large & Mid Cap Fund
The fund's returns in the 3 years are 27.12%. Its AUM is Rs 2,139.47 crore while its NAV is worth Rs 27.8482.
Baroda BNP Paribas Large & Mid Cap Fund
The fund has given a return of 25.48% in the 3-year period. It has its AUM at Rs 1,172.17 crore while its NAV is worth Rs 25.7998. It has comprehensively beaten its benchmark, S&P BSE 250 Large MidCap Total Return Index, which has given 19.71% returns in the 3 years.