Feroze Azeez, Dy CEO, Anand Rathi Wealth, says “in largecap and midcap funds, Motilal Oswal Large and Mid Cap is the one which has been the best for the calendar year so far wth 34.5% returns, In large cap, HDFC Large and Mid Cap is the one with 32.8%. Canara Rebecco Emerging and Tata Large and Mid Cap funds finished with about 18 to 20% return. So the dispersion is not as much as in the large cap, but still a 14, 15% difference between the top two and the bottom two, in spite of being in the same category.”
Clearly mid cap and small caps have been a hero but we also have to dissect the kind of strategies and stock picking that fund managers have done. We are just analysing one year's performance. This discussion theme does not mean that the funds which have not done really well, you need to exit those funds. I think let us start with the large cap category.
Feroze Azeez: You are absolutely right that there are funds which have done very well. It has been a very eventful year. If you look at Nifty, it does not tell the full story. But the broader markets tell you a big story from a sector divergence perspective also. Some sectors have done phenomenally well. Some sectors have not done so well. You see cement, infrastructure and capital goods doing phenomenally well. On the other hand, IT, banking have not done superbly in terms of the full calendar year. It has been a very eventful year. But the headlines hide more than they show.
The largecap category is what we should
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