Top 5 Large and Mid Cap Mutual Funds with Best SIP 10-year Returns: No. 1 fund has turned Rs 10,000 monthly SIP into Rs 43 lakh
The large and mid cap category has grown by 42.39 per cent in one year, 21.09 per cent in three years, 22.56 per cent in five years, and 16.11 per cent in the 10-year period, as per Value Research data.
Top 5 Large and mid cap mutual funds: Association of Mutual Funds in India (AMFI) categorises all equity mutual funds as high risk. But any investment that is market-linked has the potential to give a much higher return than fixed interest investment instruments. Higher returns don't come without high risk. But within equity mutual funds, when we take about stability, we lean on large-cap mutual funds. On the other hand, when we talk about high returns, we prefer small-cap mutual funds. When we need stability and returns both, we opt for mid caps. However, when we need stability of large cap and return of mid cap, large and mid cap mutual funds can be a choice. The large and mid cap category has grown by 42.39 per cent in one year, 21.09 per cent in three years, 22.56 per cent in five years, and 16.11 per cent in the 10-year period, as per Value Research data. Here, we take you through the performance of the top 5 large and mid cap mutual funds in terms of annualised SIP returns (XIRR) in 10 years and what Rs 10,000 monthly SIP in each fund has turned into in that period.
Photos: Unsplash/Pixabay
Quant Large and Mid Cap Fund - Direct Plan
The fund has given 23.94 per cent annualised SIP returns in the 10-year period. The fund has assets under management (AUM) of Rs 3,290 crore, while its net asset value (NAV) is Rs 139.2020. Benchmarked against NIFTY Large Midcap 250 TRI, the fund has given 21.61 per cent CAGR since its launch in January 2013. With an expense ratio of 0.66 per cent, the minimum lump sum investment in the fund is Rs 5,000, while the minimum SIP investment is Rs 1,000. The fund's 92.19 per cent investments are in equity and 6.63 per cent in debt. In its portfolio of 27 stocks, the fund has Reliance Industries Limited, HDFC Bank, Samvardhana Motherson International as its main stocks.
Rs 10,000 monthly SIP in the fund in 10 years, or a total investment of Rs 12 lakh, has turned into Rs 42,58,362 as of today's date.
Mirae Asset Large & Midcap Fund - Direct Plan
The fund in the No. 2 position has given 21.6 per cent XIRR in five years. The fund has an asset base of Rs 37,846 crore, while its NAV rate is 164.5020. Benchmarked against NIFTY Large Midcap 250 TRI, the fund has given a 23.73 per cent return since its launch in January 2013. At an expense ratio of 0.58 per cent, the fund has Rs 5,000 as its minimum investment and Rs 500 as its minimum SIP investment. The fund's 98.43 per cent investments are in equity. In its 87-stock portfolio, the main stocks are HDFC Bank, Axis Bank, Larsen & Toubro, Reliance Industries Limited, and ICICI Bank.
The value of Rs 10,000 monthly SIP started 10 years ago in the fund has given a total of Rs 37,51,489.
Bandhan Core Equity Fund - Direct Plan
The fund has given 21.38 per cent annualised NAV returns in 10 years. It has AUM of Rs 5,360 crore, while its NAV price is Rs 147.9700. Benchmarked against NIFTY Large Midcap 250 TRI, the fund has given 17.49 per cent CAGR since its inception in January 2013. With an expense ratio of 0.71 per cent, the fund's minimum lump sum investment is Rs 1,000, while its minimum SIP investment is Rs 100. The fund's 96.74 per cent investments are in large-cap stocks. In its large portfolio of 107 stocks, the fund's main holdings are ICICI Bank, HDFC Bank, RIL, Infosys, and Axis Bank.
A Rs 10,000 monthly SIP in the fund has given Rs 37,06,843 in the 10-year period.
Kotak Equity Opportunities Fund - Direct Plan
The fund has given a 20.66 per cent annualised SIP return in 10 years. It has an asset base of Rs 24,055 crore, while the price of its NAV is Rs 377.2620. The fund has given 18.86 per cent CAGR since its launch in January 2013. Benchmarked against NIFTY Large Midcap 250 TRI, the fund has an expense ratio of 0.52 per cent. The high-risk mutual fund has a minimum SIP and lump sum investment of Rs 100 each. The fund has 98.95 per cent of its investment in equity. In a portfolio of 68 stocks, the fund's main investments are HDFC Bank, State Bank of India, BEL, and Axis Bank.
A Rs 10,000 monthly SIP in the fund has grown to Rs 35,65,066 in the 10-year time frame.
ICICI Prudential Large & Mid Cap Fund - Direct Plan
The fund has had 20.71 per cent annualised SIP returns in the 10-year period. It has AUM of Rs 14,486 crore, while its NAV price is Rs 1,046.6100. Benchmarked against NIFTY Large Midcap 250 TRI, the fund has had a 17.97 per cent CAGR since its inception in January 2013. With an expense ratio of 0.83 per cent, the fund's minimum lump sum investment is Rs 5,000, while its minimum SIP investment is Rs 100. The fund's 92.91 per cent investments are in equity and 6.14 per cent in cash and cash equivalents. In a portfolio of 88 stocks, the fund's main investments are in ICICI Bank, HDFC Bank, Maruti Suzuki, Alkem Laboratories, and Bajaj Finserv.
A Rs 10,000 monthly SIP in the fund has given Rs 35,75,058 in the 10-year period.