Top large and mid-cap funds with significant mid-cap allocations: A performance review against category and benchmark

Large and mid-cap funds are mandated to invest at least 35% of their portfolio in large-cap companies and 35% of their portfolio in mid-cap companies. It is nice to see that a significant portion falls in mid-cap companies showing the growth potential of mid-cap stocks. In fact, out of 30 mid-cap funds analysed, many of them allocate 35% to 40% of their assets to mid-cap stocks. This article dives into the top Large and mid-cap Funds with a higher allocation to mid-cap funds, investing more in the mid-cap space.

Invesco India Large and Mid Cap Fund

Launched on August 9, 2007, this fund has an AUM of ₹6013.6 crore. The expense ratio is 1.8%. The fund allocates 39.1% to large-cap stocks, 47.61% to mid-cap stocks, and 10.35% to small-cap stocks.

Over one year, the fund has generated a return of 54.11%, whereas the category has returned 44.33%, and the index has posted a return of 42.62%. For the three years, the fund's return stands at 23.4%, the category at 22.15%, and the index at 23.35%. Over five years, the fund has delivered a return of 23.31%, while the category has provided 24.54%, and the index has achieved 26.12%. For the ten years, the fund's return is 16.73%, in comparison to 16.35% for the category and 17.39% for the index.

Motilal Oswal Large and MidCap Fund

This fund was launched on October 1, 2019, and has an AUM of ₹5335.94 crore. The expense ratio is 1.79%. It invests 35.35% in large-cap stocks, 43.65% in mid-cap stocks, and 18.57% in small-cap stocks.

Over the past year, the fund achieved a return of 56.29%, while the equity category returned 44.33% and the benchmark index returned 42.62%. For a three-year period, the fund's return was 26.7%, whereas the equity category's return was 22.15% and the benchmark index's return was 23.35%. In a five-year timeframe, the fund did not generate a return, while the equity category had a return of 24.54% and the benchmark index had a return of 26.12%. For a ten-year period, the fund also did not have a return, while the equity category returned 16.35% and the benchmark index returned 17.39%.

Union Large & MidCap Fund

Launched on December 6, 2019, this fund's AUM is ₹849.33 crore. The expense ratio is 2.26%. The allocation includes 41.74% in large-cap stocks, 42.87% in mid-cap stocks, and 12.98% in small-cap stocks.

Over the past year, the fund has delivered a return of 34.94%, whereas the category returned 44.33%, and the benchmark index provided 29.19%. For the three-year period, the fund's return was 19.08%, while the category and the benchmark index returned 22.15% and 15.99%, respectively. The fund's five-year performance shows a 0.0% return, in contrast to the category's 24.54% and the benchmark index's 19.42%. Over the ten years, the fund's return remains at 0.0%, with the category at 16.35% and the benchmark index at 13.46%.