Top 2 Performing Funds in 2018: Large and Midcap
Large and Midcap was one of the new categories that has been recently introduced after SEBI re-categorization. Despite being a new player in the market, few funds in the category have managed to beat the benchmark’s performance. The following large and midcap funds have performed well in the market.
|Fund||1 Year Return||Alpha (Fund Return - Benchmark Return)|
|Sundaram Large and Mid Cap Fund||-1.32%||1.48%|
|Invesco India Growth Opportunities Fund||-2.5%||3.83%|
Sundaram Large and Mid Cap Fund gave a negative return of 1.32% in one year while its benchmark gave a negative return of 2.8%. The investment strategy of this fund is a mix of top-down and bottom-up approach with a focus on absolute returns with a healthy mix of Multinational Companies’ stocks. It invests 50-60% in large caps and 40-50% in mid and small caps. The fund has outperformed its category by 1-2 percentage points and the benchmark by 2-5 percentage points in the 3 and 5-year returns. The fund gave 10.62% (annualized) return since its inception in 2007. A SIP of ₹5,000 p.m. in this fund started 5 years ago is worth ₹4.23 lakhs now.
Invesco India Growth Opportunities Fund gave a negative return of 2.5% in one year while it’s benchmark gave a negative return of 6.33%. The fund uses both top-down and bottom-up approach to invest in large and midcap companies. It aims to generate consistent returns in all market conditions with no style or sector bias. The fund has outperformed its category by 1 percentage points and the benchmark by 1-2 percentage points in the 3 and 5-year returns. The fund gave 10.84% (annualized) return since its inception in 2007. A SIP of ₹5,000 p.m. in this fund started 5 years ago is worth ₹4.10 lakhs now.
These large and midcap funds, despite bad market conditions, have performed well in 2018.