Large cap mutual funds offer 7% in Jan-June; topper gives 11%

economictimes.indiatimes.com:

The large cap schemes are benchmarked against Nifty 100 -TRI and S&P BSE 100 -TRI. During the first six months of 2023, the benchmarks — Nifty 100 -TRI and S&P BSE 100 -TRI offered 5.15% and 7.07% respectively. That means, the large cap category managed to outperform Nifty 100-TRI but offered almost similar returns to S&P BSE 100-TRI.

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There were 31 schemes in the large cap category. All the schemes in the category were in green. Nippon India Large Cap Fund offered the highest return of around 11.76%, followed by Invesco India Largecap Fund. The scheme offered 10.04% returns. Taurus Largecap Equity Fund offered the lowest return of 2.68%. During April-June quarter in 2023, the large cap category offered an average return of around 11.57% return. During this time period Nifty50 and S&P BSE Sensex surged 10.29% and 9.49% respectively. The benchmark indices Nifty 100-TRI and S&P BSE 100-TRI offered around 11.60% and 11.84% return. During the quarter that ended in June 2023, Invesco India Largecap Fund was the topper. The scheme offered around 14.29% return, followed by Nippon India Largecap Fund that offered 14.17%. LIC MF Large Cap Fund offered the lowest return of around 9.63%. Out of 31 schemes in the category, 28 schemes offered more than 10% return. ETMutualFunds also compared the performance of large cap schemes with their respective benchmarks during January-June 2023 and April-June 2023. During January-June 2023, out of 31 schemes, 15 schemes outperformed their respective benchmarks. During April-June 2023, 12 schemes outperformed their respective benchmarks.That indicates 19 schemes