Top 3 Large-Cap Mutual Funds Outperforming Their Benchmark

Over the past year, a little over 40% of large-cap mutual funds have managed to outpace their benchmarks. Out of 42 large-cap funds, 18 schemes succeeded in beating their respective benchmarks.

For comparison, the NSE benchmark Nifty50 has gained 24.94% in the past year. Large-cap mutual funds generally benchmark their schemes against indices like Nifty 100 TRI and BSE 100 TRI, which have returned 33.34% and 31.06%, respectively. However, the large-cap mutual fund category has outperformed these indices, delivering an impressive average return of 34.35% over the last year.

Here are the top three large-cap funds that have not just matched but surpassed their benchmark returns, making them standout performers:

1. Quant Large Cap Fund

• AUM: Rs 2,719 Crore
• 1-Year Return: 42.78%

Leading the pack is the Quant Large Cap Fund with a stellar 42.78% return over the past year, significantly outpacing its benchmark, the NIFTY 100 Total Return Index, which returned 33.34%. This fund, part of the Quant Mutual Fund family, was launched on July 20, 2022, making it relatively new but already impactful in its category. With assets under management worth Rs 2,179 Crores as of June 30, 2024, and an expense ratio of 0.54%, this medium-sized fund offers competitive costs, making it an attractive option for investors looking for robust performance with reasonable fees.

2. JM Large Cap Fund

• AUM: Rs 331 Crore
• 1-Year Return: 40.27%

Securing the second spot is the JM Large Cap Fund, which has delivered a one-year return of 40.27%. Managed by JM Financial Mutual Fund, this scheme has been around since January 1, 2013, and boasts over 11 years of operational history. With an AUM of Rs 331 Crores as of June 30, 2024, this fund is smaller in size compared to its peers but has proven its worth with solid returns. However, it carries a higher expense ratio of 1.01%, which is above the category average, making it slightly costlier for investors.

3. Baroda BNP Paribas Large Cap Fund

• AUM: Rs 2,285 Crore
• 1-Year Return: 39.97%

Rounding off the top three is the Baroda BNP Paribas Large Cap Fund, which delivered a return of 39.97% over the past year. Launched on January 1, 2013, this fund from Baroda BNP Paribas Mutual Fund has established itself as a strong performer in the large-cap space. With Rs 2,285 Crores under management as of June 30, 2024, this medium-sized fund offers a balanced approach between performance and cost, with an expense ratio of 0.85%, aligning closely with other funds in its category.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.