There is no denying the fact that the overall financial markets are performing badly for past few months. The Nifty50 has declined by 15 percent since its peak in October last year. There are some categories of funds, however, which have fallen more steeply than the others.
At the same time, there are some mutual funds which have outperformed others by a wide margin.
Here we compare the returns posted by different categories of funds across the market capitalisation i.e., small cap, mid cap and large caps.
The category average for small caps is 4.26 percent, for mid-caps, it is 0.81 percent and for large caps, it is -0.09 percent in past one year, according to the Morning Star data.
| Market cap | 1-year-return (%) |
| Small cap | 4.26% |
| Mid cap | 0.81% |
| Large cap | -0.09% |
(Source: Morning Star data as on June 28, 2022)
Small cap funds:
Some of the small cap funds delivered high returns, and even the category average for past one year was better than the large and mid-cap index funds. Sample this: the top performing small cap funds gave returns in the range of 12-20 percent.
Canara Robeco Small Cap Fund gave 20.25 percent, Axis Small Cap Fund gave 12.18 percent, IDBI Small Cap Fund gave 13.31 percent return and L&T Emerging Businesses Fund gave 13.47 percent return.
| Small cap fund | 1-year-return (%) |
| Axis Small Cap Fund | 12.18 |
| Canara Robeco Small Cap Fund | 20.25 |
| ICICI Prudential Smallcap Fund | 11.99 |
| IDBI Small Cap Fund | 13.31 |
| L&T Emerging Businesses Fund | 13.47 |
| Nippon India Small Cap | 10.19 |
| UTI Small Cap Fund | 7.93 |
(Source: AMFI, data as on June 15, 2022)
Large cap funds
There are only a few large cap funds which were positive. ICICI Prudential Blue-chip Fund gave 4.02 percent return, Nippon India Large Cap Fund gave 4.60 percent return, HDFC Top 100 Fund gave 2.19 percent return and Sundaram Large Cap Fund delivered 0.42 percent return.
| Large cap funds | 1-year-return (%) |
| ICICI Prudential Bluechip Fund | 4.02 |
| Nippon India Large Cap Fund | 4.60 |
| HDFC Top 100 Fund | 2.19 |
| Sundaram Large Cap Fund | 0.42 |
(Source: AMFI, data as on June 15, 2022)
Mid-cap funds:
Some mid cap funds posted better returns than their larger peers. However, most of other funds gave returns in the negative territory.
Axis Midcap gave -0.21 percent return, DSP Midcap Fund gave -7.99 percent return and Franklin India Prima Fund gave -6.83 percent return in past one year, according to the AMFI data on June 15.
But some of the top-performing funds in this category gave handsome returns as shown in the table below:
| Mid cap fund | 1-year-return (%) |
| Motilal Oswal Midcap 30 Fund | 14.90 |
| Quant Mid Cap Fund | 10.52 |
| SBI Magnum Midcap Fund | 8.76 |
| PGIM India Midcap Opportunities Fund | 7.31 |
| Aditya Birla Sun Life Mid Cap Fund | 6.25 |
Motilal Oswal midcap 30 fund gave 14.9 percent return, Quant Mid Cap Fund gave 10.52 percent return, SBI Magnum midcap fund gave 8.76 percent return, PGIM India Midcap Opportunities Fund gave 7.31 percent return and Aditya Birla Sun Life Mid Cap Fund gave 6.25 percent return, as per AMFI (Association of Mutual Funds of India) data.