Top 3 consistently performing large and mid-cap funds over the past five years

Large and Mid-cap Funds from Quant mutual fund, Axis mutual fund, and ICICI Prudential mutual fund have shown consistent performance over the 5 years with more than 20 per cent returns.

In the world of mutual funds, picking consistent winners can be a challenge. This article cuts through the noise to identify the top performing Large and Mid-Cap Mutual Funds that have delivered strong returns over the past 5 years. We focused on funds with a minimum asset under management (AUM) of Rs 500 Crore to ensure stability and looked beyond just average returns. To assess consistency, we analysed how these funds performed relative to their category peers across various market conditions.

Top 3 consistently performing Large and Mid-cap Funds over the 5-years:

Above all returns are in per cent and based on Rolling Return data ending Quarter September 2023

Quant Large & Mid Cap Fund (Erstwhile Escorts High Yield Equity Plan) is an open-ended equity fund launched on December 11, 2006. Managed by Quant Mutual Fund, it operates in the Large and mid-cap equity category with a benchmark of NIFTY LARGE MIDCAP 250 TRI. With a Total Expense Ratio (TER) of 2.04 per cent as of February 29, 2024, the fund requires a minimum investment of Rs 5,000 and a minimum top-up of Rs 1,000.

As of February 29, 2024, its total assets amounted to Rs 1,884.01 crore. The NAV as of April 8, 2024, stands at Rs 115.6261. The fund has delivered a Compound Annual Growth Rate (CAGR) of 15.04 per cent since its inception, though slightly below its benchmark's 16.5 per cent. Investors should note an exit load of 1 per cent if redeemed within 15 days.

Axis Growth Opportunities Fund - Regular Plan - Growth, managed by Axis Mutual Fund, falls under the Equity: Large and Mid-Cap category since its launch on 10th October 2018. With an asset class primarily focused on equity, it tracks the NIFTY LARGE MIDCAP 250 TRI benchmark. The fund maintains a Total Expense Ratio (TER) of 1.72 per cent as of February 29, 2024, with open-ended status and a minimum investment requirement of Rs 100, allowing additional top-ups of the same amount.

As of February 29, 2024, its total assets stand at Rs 11,310.89 crore with a turnover rate of 56 per cent. The exit load is set at 1 per cent for redemption within 12 months. The Net Asset Value (NAV) as of 5th April 2024 stands at Rs 28.21. The fund has demonstrated a Compound Annual Growth Rate (CAGR) of 20.95 per cent since its inception, outperforming its benchmark of 16.5 per cent.

ICICI Prudential Large & Mid Cap Fund - Growth (Erstwhile ICICI Prudential Top 100 Fund - Growth), managed by ICICI Prudential Mutual Fund, falls under the equity: large and mid-cap category since its launch on July 9th, 1998. With an asset class focused on equity, it mirrors its performance against the NIFTY LARGE MIDCAP 250 TRI benchmark.

As of February 29, 2024, it boasts total assets worth Rs 11,333.37 crore with a turnover of 64 per cent. The fund carries a TER of 1.74 per cent and requires a minimum investment of Rs 5,000, with a minimum top-up of Rs 1,000. It incurs an exit load of 1 per cent if redeemed within 1 month. As of February 8^th, 2024, its NAV stands at Rs 851.3. Since its inception, the fund has demonstrated a commendable CAGR of 18.82 per cent, outperforming its benchmark's 16.5 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.