scorecardresearchMF Returns: These large cap funds delivered over 14% CAGR in last five years

MF Returns: These large cap funds delivered over 14% CAGR in last five years

Updated: 02 Dec 2022, 05:41 PM IST
TL;DR.
Canara Robeco Bluechip Equity Fund gave returns at a compound annual growth rate (CAGR) of 15.99 percent in the past five years.
Past returns – invariably – are seen as one of the important considerations before making an investment in MFs..

Past returns – invariably – are seen as one of the important considerations before making an investment in MFs..

Evaluating a mutual fund’s historical returns is key to assessing its overall performance. There is no denying the fact that an array of factors play an important role in rendering a mutual fund scheme worthwhile. Its past returns – invariably – are seen as one of the important considerations before making an investment in it.

Here we parse through large cap mutual funds to zero in on the top-performing schemes, particularly in the past five years.

As we can see in the table below, Canara Robeco Bluechip Equity Fund gave returns at a compound annual growth rate (CAGR) of 15.99 percent in the past five years ending Nov 30, 2022. Axis Bluechip Fund, during the same period, gave a return of 14.40 percent, Edelweiss Large Cap Fund gave a return of 14.11 percent and Sundaram Large Cap fund gave a return of 14.02 percent.

Large cap funds                                        5-year-returns (%)Benchmark returns (%)
Canara Robeco Bluechip Equity Fund                        15.9913.74
Axis Bluechip Fund                                                   14.4013.74
Edelweiss Large Cap Fund                                   14.1113.55
Sundaram Large Cap Fund                        14.0213.55

(Source: AMFI; direct returns as on Nov 30, 2022)

These large cap funds delivered higher CAGR in the past three years.

Canara Robeco Bluechip Equity Fund gave a return of 19.06 percent against the benchmark return of 17.80 percent followed by Edelweiss Large Cap Fund that gave a return of 17.61 percent.

Large Cap funds                                        3-year-returns (%) Benchmark returns (%)
Canara Robeco Bluechip Equity Fund                              19.0617.80
Axis Bluechip Fund                                                     13.9217.80
Edelweiss Large Cap Fund                           17.6117.10
Sundaram Large Cap Fund                                                  16.3217.10

A snapshot of top-performing large cap funds
 

Canara Robeco Bluechip Equity Fund: This scheme was launched on August 20, 2010. Its CAGR since inception is 12.69 percent. This means if someone had invested one lakh at the time of launch, the money would have grown to become 4,36,435.

The key constituent stocks of the scheme are ICICI Bank, HDFC Bank, Infosys,, RIL, Axis Bank, SBI, L&T, Bharti Airtel, HUL, Bajaj Finance.

Axis Bluechip Fund: The scheme was launched in January 2010. It has given a return of 12.34 percent since inception. This means if someone had invested one lakh at the time of launch, it would have grown to 4,44,542.

The key constituent stocks in the scheme are ICICI Bank, Bajaj Finance, HDFC Bank, Avenue Supermarts, Infosys, Kotak Mahindra Bank, TCS, RIL, M&M and L&T.

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First Published: 02 Dec 2022, 05:41 PM IST