Top 5 large-cap mutual funds delivering exceptional returns and beating benchmark indices

Mutual fund performance can be evaluated by multiple, but the most widely used is outperformance to its benchmark. Not all of the active funds beat their respective benchmarks performance over a long period of time. However, some manage to consistently outperform and deliver stellar returns. There are approximately 42.85% of large-cap mutual funds which managed to outperform their respective benchmarks in the last one year. In this period, there were 42 large-cap funds, of which 18 schemes beat their respective benchmarks.

Comparing the numbers India’s prominent index NIFTY50 has gained 24.94% in a year. The large-cap mutual fund category benchmarks their schemes against Nifty 100 TRI and BSE 100 TRI which have logged returns of 33.84% and 31.06% in a year. The large-cap mutual fund category has given an average of 34.35% returns in the last year.

Quant large cap fund

This large-cap fund tops the chart with a 42% return in one year, compared to the 33.84% return of its benchmark, the NIFTY 100 Total Return Index.

The fund has a total expense ratio of 2.01% as of July 31, 2024 The fund's total asset under management (AUM) stands at ₹1,887.18 crore as of July 31, 2024. The net asset value (NAV) as of September 9, 2024, is ₹16.127.

The fund's market cap distribution includes 63.78% in large-cap stocks, 7.68% in small-cap stocks, and 28.52% in other categories. The top three holdings in the portfolio are Reliance Industries Limited (7.88%), ITC Limited (7.51%), and Life Insurance Corporation of India (7.24%).

JM large cap fund

This large-cap fund stands in second position with a one-year return of 39.65%. It follows the BSE 100 index as its benchmark and has a total expense ratio of 2.41% as of July 31, 2024. The fund's total asset under management (AUM) is ₹329.72 crore. The fund's NAV on September 9, 2024, was ₹164.0006.

The market cap distribution includes 81.14% in large-cap, 10.18% in mid-cap, 2.25% in small-cap, and 6.43% in others. The top three holdings in the portfolio are HDFC Bank Ltd at 5.84%, Larsen & Toubro Ltd. at 4.32%, and ICICI Bank Ltd. at 4.29%.

Baroda BNP Paribas large cap fund

The fund's return in one year is 39.13% against the 33.87% return of its benchmark, the Nifty 100 Total Return Index.

The fund's Total Expense Ratio (TER) is 2.03% as of July 31, 2024, and its net asset value (NAV) was ₹227.8487 on September 2024. The fund has a total asset under management (AUM) of ₹2,284.71 crore as of July 31, 2024.

The market cap distribution includes 82.27% in large-cap, 11.42% in mid-cap, and 10.47% in other segments. The top three stocks in the portfolio are Reliance Industries Ltd. (6.81%), ICICI Bank Ltd. (6.77%), and HDFC Bank Ltd. (6.68%).

Bandhan large cap fund

The fund has given returns of 38.34 per cent in the last one year.

The fund has a total asset under management (AUM) of ₹1,574.65 crore as of July 31, 2024, with a total expense ratio (TER) of 2.07%. The fund's net asset value (NAV) stood at ₹77.641 on September 9, 2024.

Its market cap distribution includes 80.5% in large-cap stocks, 8.12% in mid-cap stocks, 7.99% in small-cap stocks, and 3% in other categories. The top three holdings in its portfolio are Reliance Industries Limited (9.16%), HDFC Bank Limited (8.66%), and ICICI Bank Limited (6.78%).

DSP Top 100 equity fund

At number five, this fund from DSP Mutual Fund has also given more than 37.44% in the last year.

The fund benchmarks against the BSE 100 and has a total expense ratio of 1.93% as of July 31, 2024. As of July 31, 2024, the fund's total assets under management (AUM) were ₹4,328.43 crore. The NAV as of September 9, 2024, was ₹466.658.

The fund's market cap distribution includes 79.94% in large-cap, 7.77% in mid-cap, 6.65% in small-cap, and 0.03% in other categories. The top three stocks in the portfolio are HDFC Bank Limited (8.94%), ICICI Bank Limited (8.78%), and ITC Limited (6.05%).