In the realm of mutual funds, identifying consistent winners amidst market fluctuations is crucial for investors seeking stable returns. This article delves into the top-performing Large and Mid-Cap Mutual Funds that have demonstrated robust performance over the past five years. Our analysis prioritizes funds with a minimum asset under management (AUM) of Rs 500 Crore to ensure reliability and extends beyond mere average returns. We evaluate consistency by assessing how these funds have fared relative to their category peers across diverse market conditions.
Top 3 Large & Mid-Cap Mutual Funds Delivering Consistent Performance Over the Past Five Years
1. Quant Large & MidCap Growth Fund
Launch Date: 11-12-2006
AUM (Crore): 1,884.01
Expense Ratio: 2.04%
1-Yr Return: 65.79%
3-Yrs Return: 28.75%
5-Yrs Return: 25.95%
10-Yrs Return: 22.89%
Quant Large & MidCap Growth Fund, formerly known as Escorts High Yield Equity Plan, operates as an open-ended equity fund within the Large and Mid-Cap equity category. Managed by Quant Mutual Fund, it benchmarks its performance against NIFTY LARGE MIDCAP 250 TRI. With a Total Expense Ratio (TER) of 2.04%, the fund requires a minimum investment of Rs 5,000 and a minimum top-up of Rs 1,000. As of February 29, 2024, the fund’s assets amount to Rs 1,884.01 crore, delivering a Compound Annual Growth Rate (CAGR) of 15.04% since inception.
2. Axis Growth Opportunities Fund – Regular Plan – Growth
Launch Date: 10-10-2018
AUM (Crore): 11,310.89
Expense Ratio: 1.72%
1-Yr Return: 48.16%
3-Yrs Return: 20.86%
5-Yrs Return: 21.28%
Axis Growth Opportunities Fund, managed by Axis Mutual Fund, falls under the Equity: Large and Mid-Cap category. Launched on October 10, 2018, it tracks the NIFTY LARGE MIDCAP 250 TRI benchmark. The fund boasts an AUM of Rs 11,310.89 crore and maintains a TER of 1.72%. Since inception, it has exhibited a commendable CAGR of 20.95%, surpassing its benchmark.
3. ICICI Prudential Large & Mid Cap Fund – Growth
Launch Date: 09-07-1998
AUM (Crore): 11,333.37
Expense Ratio: 1.74%
1-Yr Return: 48.17%
3-Yrs Return: 26.76%
5-Yrs Return: 21.26%
10-Yrs Return: 16.64%
ICICI Prudential Large & Mid Cap Fund, managed by ICICI Prudential Mutual Fund, has been delivering consistent performance since its inception on July 9, 1998. With an AUM of Rs 11,333.37 crore, the fund maintains a TER of 1.74%. It requires a minimum investment of Rs 5,000 and incurs an exit load of 1% if redeemed within one month. As of February 8, 2024, the fund’s NAV stands at Rs 851.3, demonstrating a commendable CAGR of 18.82% since inception.
In conclusion, these top-performing Large and Mid-Cap Mutual Funds exemplify resilience and consistency, offering investors the potential for long-term wealth creation amidst market volatility.
