Motilal Oswal Large & Midcap Fund, the topper in the large & mid cap category, offered 34.39% in 2023. HDFC Large and Mid Cap Fund gave 32.87%. Bandhan Core Equity Fund gave 31.20%. UTI Large & Mid Cap Fund and Nippon India Vision Fund offered around 29%.
ETMutualFunds also compared the performance of these 14 toppers with their respective benchmarks. Only half of them have managed to beat their respective benchmarks.
The large & mid cap schemes are benchmarked against NIFTY LargeMidcap 250 – TRI, S&P BSE 250 LargeMidCap Index – TRI. NIFTY LargeMidcap 250 – TRI, S&P BSE 250 LargeMidCap Index – TRI gave 27.76% and 20.82% respectively in 2023.
According to Amfi data, the large & mid cap category in 2023 has witnessed an inflow of Rs 16,546.18 crore.
The asset under management of large & mid cap category as on November 30, 2023 stands at Rs 1.73 lakh crore. The asset under management of the large & mid cap category has surged by 37.38% in 2023, from Rs 1.26 lakh crore in January to Rs 1.73 lakh crore in November.Note, the above exercise is not a recommendation. The exercise was to capture the performance of the category in 2023. One should not make investment or redemption decisions based on the above exercise.If you are looking for recommendations, see:
Best large & mid cap funds to invest in 2023
Large & mid cap schemes are suitable for aggressive investors who are willing to invest in mid cap stocks. These schemes may have more exposure to large cap or mid cap stocks, based on the market conditions and the outlook of the fund manager. Large & mid cap schemes invest a minimum of 35% of total assets in large cap companies, and a minimum of 35% of total assets in mid cap stocks.
