Top 3 Performing Funds in 2018: Large Cap
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2018 was one of the most volatile years in recent time for investors. Despite having faced an unpredictable year, the following large-cap funds have performed better than its benchmark in 2018.
|Fund||1 Year Return||Alpha (Fund Return - Benchmark Return)|
|Axis Bluechip Fund||5.95%||3.85%|
|Canara Robeco Bluechip Equity Fund||2.85%||3.25%|
|HDFC Top 100 Fund||-0.98%||1.42%|
Axis Bluechip Fund gave 5.59% return in one year while its benchmark gave only 2.1% return. This fund has managed to beat its benchmark and category in each of the last five years. Based on the ability to grow earnings on a sustainable basis, the fund selects its stocks. It invests 80-100% in large-cap companies and the remaining 0-20% in other companies. With 3-year annualized returns of 13.24% and 5-year returns of 14.81%, these are 2 percentage points higher than the benchmark returns and 1-2 percentage points more than the category returns. A SIP worth ₹5,000 in this fund started 5 years ago is worth ₹4.08 lakhs now.
Canara Robeco Bluechip Equity Fund gave a return of 2.85% in one year. It has managed to beat its benchmark which gave a negative return of 0.40%. The fund focuses on investing in any of the top 100 companies based on market capitalization. Its 3-year annualized returns are 12.36% and 5-year returns are 13.61% these are 0.5-1 percentage points higher than the benchmark returns and 4 percentage points more than the category returns. A SIP worth ₹5,000 in this fund started 5 years ago is worth ₹3.92 lakhs now.
HDFC Top 100 Fund gave a negative return of 0.98% last year but it managed to perform a little better than its benchmark which gave a negative return of 2.4%. HDFC Top 100 Fund is one of the oldest funds in the Indian market. The fund survived the market ups and downs for 22 years and has given a 19.85% return (annualized) since inception. It seeks to invest in higher quality, competitive, sustainable businesses by primarily restricting to the S&P BSE 100 Index scrips. With 3-year annualized returns of 14.6% and 5-year returns of 15.4%, these are 2-3 percentage points higher than the benchmark returns and 0.4-4 percentage points more than the category returns. A SIP worth ₹5,000 in this fund started 5 years ago is worth ₹3.99 lakhs now.
These large-cap funds, despite bad market conditions, have performed well in 2018.