Year-End Special: Large & mid cap funds offered 4.73% in 2022; toppers give double-digit returns

The active schemes in the large & mid cap category have offered an average return of 4.73% in 2022. However, toppers in the category managed to deliver impressive double-digit returns during the same period. Large & mid cap schemes have the mandate to invest a minimum 35% each in large and mid cap stocks. Large cap stocks fared better in 2022, but mid cap schemes were under pressure.

The large & mid cap category has 27 schemes, including active and passive schemes. The two popular large & mid cap benchmarks, NIFTY LargeMidcap 250 – TRI and S&P BSE 250 LargeMidCap Index – TRI, offered 7.66% and 8.22% respectively in this year till date, according to ACE MF data. That means, the category has offered lower average return.

Quant Large & Mid Cap Fund was the topper among the active large & mid cap funds, with around 17.65% returns. Tata Large & Mid Cap Fund was in the second position. The scheme offered around 14.50% returns. ICICI Prudential Large & Mid Cap Fund followed, with around 14% returns. HDFC Large and Mid Cap Fund and SBI Large & Midcap Fund offered around 11% returns, according to ACE MF data.

The only passive scheme in the large & mid cap category was Edelweiss NIFTY Large Mid Cap 250 Index Fund. The scheme offered 5.21% returns this year.The scheme was among the top 10 performers in the large & mid cap category, as per the data from Value research.Active large & mid cap schemes got inflows worth Rs 18,783.04 crore between January and November 2022. These schemes attracted inflow of only Rs 8,714.68 crore in 2021.

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Top large & mid cap schemes in 2022
Scheme Name
YTD Returns (%)
Quant Large & Mid Cap Fund 17.65
Tata Large & Mid Cap Fund 14.50
ICICI Prudential Large & Mid Cap Fund 14.13
HDFC Large and Mid Cap Fund 11.25
SBI Large & Midcap Fund 11.09
IDFC Core Equity Fund 10.12
Kotak Equity Opportunities Fund 9.87
UTI Core Equity Fund 7.39
DSP Equity Opportunities Fund 7.13
Nippon India Vision Fund 5.41
Schemes that delivered negative returns in 2022
Aditya Birla SL Equity Advantage Fund -10.37
Axis Growth Opp Fund -6.03
HSBC Large & Mid Cap Fund -1.25
Union Large & Midcap Fund -0.12

Source: ACE MF, Returns as on December 13 2022


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