How did very large mutual fund schemes perform in one, three years?
These 21 schemes were from ELSS, flexi cap, focused fund, large & mid cap, large cap, mid cap, multi cap, small cap, and value fund categories. Around six large cap schemes have more than Rs 20,000 crore AUM, followed by four flexi cap schemes. Three mid cap, and small cap schemes, one ELSS, focused fund, large & mid, multi cap, and value fund also managed assets of more than Rs 20,000 crore.
Out of 21 schemes, 11 schemes have outperformed their benchmarks and category average in one year. In the three-year horizon, only nine schemes managed to outperform their benchmarks and category average. Only nine schemes outperformed their respective benchmarks and category average in both the horizons.
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Among these 21 schemes, HDFC Mid-Cap Opportunities Fund had the highest asset under management of Rs 47,236.04 crore. The scheme has managed to outperform its benchmark in both one and three year horizons.
Parag Parikh Flexi Cap Fund manages assets of Rs 40,760.38 crore. The scheme has outperformed its benchmark in the one-year horizon and underperformed it in the three-year horizon.
Among the six large cap schemes, four schemes have outperformed their benchmarks and category average in one and three-year horizons. However, Axis Bluechip Fund has underperformed its benchmark and the category average in both the horizons. Mirae Asset Large Cap Fund has outperformed its benchmark but failed to beat the category average.
Among the four flexi cap schemes, two schemes — Parag Parikh Flexi Cap Fund, and HDFC Flexi Cap Fund- have outperformed their respective benchmarks and category average in the one-year horizon. In the three-year
