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||15.99||13.74|
|Axis Bluechip Fund||14.40||13.74|
|Edelweiss Large Cap Fund||14.11||13.55|
|Sundaram Large Cap Fund||14.02||13.55|
(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||19.06||17.80|
|Axis Bluechip Fund||13.92||17.80|
|Edelweiss Large Cap Fund||17.61||17.10|
|Sundaram Large Cap Fund||16.32||17.10|
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.