Sep 28, 2023
HDFC Mid-Cap Opportunities Fund, Parag Parikh Flexi Cap Fund, Kotak Flexicap Fund, ICICI Pru Bluechip Fund, SBI BlueChip Fund, HDFC Flexi Cap Fund, Nippon India Small Cap Fund, Mirae Asset Large Cap Fund, Kotak Emerging Equity Fund, ICICI Pru Value Discovery Fund are the 10 large schemes.
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Most mutual fund investors believe that schemes start to underperform as they become very large. That's what prompted us to look at the performance of top ten schemes by assets under management.
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Six out of 10 schemes managed to outperform their benchmarks over three years. Sure, this does not convincingly disprove the theory about underperformance of large schemes. Still, we can say most schemes did their job.
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This mid cap scheme manages an AUM of Rs 47,236 crore. It offered 35.17% returns in three years, compared to its benchmark, Nifty Midcap 150 - TRI, which offered 34.73%.
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The large cap scheme has an AUM of Rs 40,078 crore. The fund offered 25.17% returns in three years. Its benchmark - NIFTY 100 - TRI –gave 21.98% in the same period.
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This large cap scheme manages an AUM of Rs 38,881 crore. The fund offered 23.72% returns in three years, whereas its benchmark, S&P BSE 100 - TRI, offered 23.35% in the same period.
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This flexi cap scheme has an AUM of Rs 38,669 crore. The fund offered 34.09% returns in three years. Its benchmark, NIFTY 500 - TRI, offered 24.89% in the same period.
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This small cap fund manages an AUM of Rs 36,539 crore. The fund offered 43.48% in three years, whereas its benchmark, Nifty Smallcap 250 - TRI, offered 36.39% in the same period.
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This value fund has an AUM of Rs 32,753 crore. The fund offered 31.29% in three years. Its benchmark, NIFTY 500 - TRI, offered 24.89% in the same period.
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