As per the SEBI norms on categorisation and rationalisation of MFs, largecap and midcap schemes are stipulated to deploy 35 per cent each in largecap and midcap stocks.
Largecap and midcap funds are equity mutual fund schemes that invest across both largecap and midcap companies. As per the SEBI norms on categorisation and rationalisation of MFs, largecap and midcap schemes are stipulated to deploy 35 per cent each in largecap and midcap stocks. The fund category hence offers investors with both stability and growth potential.
So, investors looking to secure the benefits of stable largecap companies together with growth potential of midcaps can consider these top rated schemes, which saw an overall net inflow to the tune of Rs 1,334 crore last month, according to AMFI data.
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HDFC Large and Mid Cap Fund
Rating agency CRISIL has accorded this scheme from the house of HDFC Mutual Fund a five-star rating, while it has a four-star rating by Value Research. As of September 30, the scheme manages assets worth Rs 11,810 crore. The scheme’s NAV, as of October 13, is Rs 244.67 for the growth option. Over a one-year period, the scheme has outpaced its benchmark Nifty Large Midcap 250 TRI, fetching returns of over 28 per cent. The fund’s expense ratio stands at 1,79 per cent which is less in comparison to the category average.
The fund has exposure to 169 stocks across 16 sectors with maximum allocation in the financial sector, followed by the auto, tech, energy and healthcare spaces. Top holdings of the fund include names like HDFC Bank, ICICI Bank, SBI, Infosys, Larsen & Toubro, TCS and Mphasis.
The scheme has given trailing returns of 27.44 per cent in one year, 31.4 per cent in three years, and 18.75 per cent in five years.
A monthly SIP of Rs 10,000 started five years ago would be worth over Rs 10.60 lakh today, offering investors an annualised return of 23 per cent over the five-year period.
The minimum investment required in the fund as well as the minimum additional investment is Rs 100. For kickstarting an SIP in the scheme, the minimum amount is pegged at Rs 100.
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ICICI Prudential Large and Mid Cap Fund
With AUM to the tune of Rs 9,177 crore, this scheme has a five-star rating by CRISIL and a four-star rating by Value Research. The NAV of the scheme for the growth option is Rs 686.05, as of October 13. The expense ratio of the scheme is 1.81 per cent. The scheme has outperformed its benchmark by a margin over one year.
The scheme has investments in 69 stocks across 15 sectors, with the highest allocation in the financial space, followed by energy, healthcare and automobiles. Top stocks in the scheme’s portfolio include ICICI Bank, Maruti Suzuki, HDFC Bank, NTPC, Bharti Airtel and Infosys.
The scheme has delivered trailing returns to the tune of 22.9 per cent one one year, 31.18 per cent in three years, and 17.75 per cent in five years on an annualised basis.
A monthly SIP of Rs 10,000 started five years ago in the scheme would be worth over Rs 10.35 lakh today, which translates to an annualised return of 22 per cent.
The minimum investment in the scheme is Rs 5,000 and the minimum additional investment is Rs 1,000. An SIP can be set up in the scheme with a minimum amount of Rs 100.
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SBI Large and Mid Cap Fund
This fund from the stable of SBI Mutual Fund has a five-star rating by CRISIL, and a four-star rating by Value Research. With AUM of Rs 15,706 crore, the scheme has an expense ratio of 1.71 per cent. The NAV of the regular growth plan is Rs 452.71, as of October 12.
The fund’s corpus is put into 78 stocks across 16 stocks. This scheme has the highest allocation in the financial sector, followed by the healthcare, technology and automobile spaces. Top stocks held in the scheme’s portfolio include HDFC Bank, ICICI Bank, Infosys, HDFC AMC and Coforge.
The scheme has given trailing returns of 17.39 per cent in one year, 27.12 per cent in three years, and 17.94 per cent in five years on an annualised basis.
A monthly SIP of Rs 10,000 started five years ago in the scheme would currently be valued at over Rs 9.9 lakh, offering investors an annualised return of 20 per cent over. The minimum investment required for the scheme is Rs 5,000, and the minimum additional investment of Rs 1,000. An SIP in the scheme can be started with a minimum sum of Rs 1,000.
