2 Large & Midcap Mutual Funds Gave Over 125% Absolute Return In 3 Yrs, Ranked No. 1 By CRISIL

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oi-Shubham Kumar

Updated: Friday, June 16, 2023, 0:30 [IST]

ICICI Prudential Large & Midcap Fund and SBI Large & Midcap Fund are two equity mutual fund schemes from the house of SBI Mutual Funds and ICICI Prudential Mutual Funds that have been rated No. 1 by the CRISIL. Both the equity mutual fund schemes have given promising returns in 5 years. SBI Mutual Funds and ICICI Prudential Mutual Funds are the two largest Mutual Funds houses in the country. Here we highlighted the key details about both the funds.

1. ICICI prudential Large & Midcap Fund

ICICI Prudential Large & Mid Cap Fund is an equity mutual fund as mentioned above. The fund is primarily invested in stocks of large and mid-cap stocks. It has managed to consistently outperform the benchmark over 1-year, 2-years, 3-years, and 5-years. Under the lump-sum investment, the fund has performed well and delivered promising returns.

Returns – Lump-Sum

Period Invested for Absolute Returns Annualised Returns
1 Year 24.54% 24.54%
2 Year 37.44% 17.24%
3 Year 131.99% 32.31%
5 Year 103.09% 15.21%
10 Year 363.44% 16.56%
Since Inception 340.16% 15.23%

Returns under the Direct Plan-Growth option

The stock fund’s NAV as on 15 June 2023, is Rs. 677.24, while the fund size is Rs. 8,030 crore as on 31st May 2023. Its expense ratio is R1.07% as on 30 April 2023. The fund charges 1% on redemption within 30 days. Its benchmark is NIFTY Large Midcap 250 TRI.

To begin investing in this fund, the minimum required amount is Rs. 5,000, and an additional Rs. 1,000. Whereas, for the SIP, it is Rs. 100.

As per the portfolio, the fund holds 89.57% in equity, 1.48% in debt and 8.94% in cash and cash equivalents. Its 5 invested sectors include Financials, Energy, Automobile, Healthcare, and Technology. Investment-wise, its top 5 holdings include HDFC Bank, ICICI Bank, Bharti Airtel, Maruti Suzuki India, and Reliance.

2. SBI Large & Midcap Fund

SBI Large & Midcap Fund is also ranked No. 1 by the CRISIL. This is a Large & Midcap category equity fund. Similar to its peer, the fund also invests in Large & Midcap stocks. It has outperformed its benchmark NIFTY Large Midcap 250 TRI. Over the past 5 years, the fund under the Direct Plan Growth Option Lumpsum investment has delivered decent returns. It outperformed in 1-year, 2-year, 3-years, 5 years, and 10 years.

Returns – Lump-Sum

Period Invested for Absolute Returns Annualised Returns
1 Year 28.23% 28.23%
2 Year 32.02% 14.90%
3 Year 126.39% 31.24%
5 Year 105.96% 15.54%
10 Year 431.66% 18.17%
Since Inception 405.25% 16.76%

Returns under the Direct Plan-Growth option

Its current NAV as of 5 June 2023 is Rs 449.95 for Direct Plan – growth option. While its AUM i.e. Assets Under Management is worth Rs. 11,431 crore. The expense ratio of the fund is 0.97% as on 31st May 2023.

The minimum investment required is Rs 5,000 and the minimum additional investment is Rs 1,000 for lump-sum investment. While the minimum SIP investment amount required is Rs. 500.

In terms of investments, it has major exposure in Equity around 92.79% followed by 7.21% in cash & Cash Equivalents. Financial, Healthcare, Consumer Staples, Automobile and services are the top 5 sectors in the fund portfolio. Whereas, its top 5 holding stocks include ICICI Bank, HDFC Bank, Infosys, ITC, and State Bank of India (SBI).

Disclaimer – The above two mutual funds schemes have been picked based on CRISIL rating. The funds considered are growth direct plans, the returns are taken from ValueResearch and ratings are from Crisil. Mutual fund investments are subject to market risk. Read all scheme-related Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn’t guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article

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