Evaluating a mutual fund’s historical returns is key to assessing its overall performance. It cannot be denied that a range of factors play a significant role in making a mutual fund scheme worthwhile. Its past returns – always – are seen as one of the important considerations before investing in it.
Here, we parse the large-cap mutual funds to zero and the top-performing schemes, especially over the past five years.
As shown in the table below, Canara Robeco Bluechip Equity Fund has a compound annual growth rate (CAGR) of 15.99% over the past five years ending November 30, 2022. Axis Bluechip Fund has given Edelweiss Large Cap Fund a return of 14.40%, Edelweiss Large Cap Fund a return of 14.11% and Sundaram Large Cap Fund a return of 14.02% over the same period.
|large cap funds||5-year rate of return (%)||Benchmark rate of return (%)|
|Canara Robeco Blue Chip Equity Fund||15.99||13.74|
|Axis Blue Chip Fund||14.40||13.74|
|Edelweiss Large Cap Fund||11th April||13.55|
|Sundaram Large Cap Fund||14.02||13.55|
(Source: AMFI; direct returns as of 30 November 2022)
These large-cap funds have achieved higher compound annual growth rates over the past three years.
The Canara Robeco Bluechip Equity Fund returned 19.06%, compared with the benchmark return of 17.80%, followed by the Edelweiss Large Cap Fund at 17.61%.
|large cap funds||3-year rate of return (%)||Benchmark rate of return (%)|
|Canara Robeco Blue Chip Equity Fund||19.06||17.80|
|Axis Blue Chip Fund||13.92||17.80|
|Edelweiss Large Cap Fund||17.61||17.10|
|Sundaram Large Cap Fund||16.32||17.10|
Top Performing Large Cap Funds Overview
Canara Robeco Blue Chip Equity Fund: Launched on August 20, 2010, the program has a CAGR of 12.69% since launch.This means that if someone invests ¥100,000 at launch, this amount will grow to become ¥4,36,435.
The major constituents of the scheme are ICICI Bank, HDFC Bank, Infosys, RIL, Axis Bank, SBI, L&T, Bharti Airtel, HUL, Bajaj Finance.
Axis Blue Chip Fund: The program was launched in January 2010. Since launch, the return has been 12.34%.This means that if someone invests ¥100k at launch, it grows to ¥4,44,542.
The major constituents of the scheme are ICICI Bank, Bajaj Finance, HDFC Bank, Avenue Supermarts, Infosys, Kotak Mahindra Bank, TCS, RIL, M&M and L&T.
We explain how to determine if a fund is ahead of its benchmark.
First Posted: December 2, 2022 at 5:41pm IT department