There were 26 large & mid cap schemes. All the schemes in the category gave negative returns. Top losers in the category lost around 8%. Quant Large & Mid Cap Fund lost the most around 7.89% in the quarter that ended in March 2023.
Around four large & mid cap schemes lost around 5% and nine schemes lost 4%. Seven schemes lost around 3%, and five schemes lost 2%. HSBC Large & Mid Cap Fund lost the lowest of around 2.02% in the quarter that ended in March 2023.
Though all 26 schemes in the category offered negative returns, 21 schemes managed to outperform their benchmarks.
As per recent AMFI data, the large & mid cap category received a total inflow of Rs 5,171.85 crore in the January-March quarter. The category received the highest inflow in January of Rs 1,901.99 crore. The net asset under management for the large & mid cap category as on March 31, 2023 was Rs 1.27 lakh crore.
Large & mid cap schemes recommend 35% of the corpus in mid cap stocks. That makes these schemes risky. That is why they are recommended only to aggressive investors with a large risk appetite. The mid cap exposure can go up, based on the outlook of the fund manager. These schemes are mandated to invest 35% of the assets in large cap stocks and 35% of the asset in mid cap stocks.
If you are looking for large & mid cap fund recommendations, see: Best large & mid cap funds to invest in 2023
