Invesco India Large & Mid Cap Fund is the best performer in the large‑mid‑cap mutual fund segment, achieving a 23.4% compound annual growth rate (CAGR) over the last three years.
The next two funds in line are Motilal Oswal Large & Midcap Fund with a 21.1% CAGR and Bandhan Large & Mid Cap Fund with an 18.5% return, according to ACE MF data released on July 29.
Only schemes with assets under management above Rs 1,500 crore are included in this ranking. Among the top five, ICICI Pru Large & Mid Cap Fund has the biggest corpus, amounting to Rs 30,971.1 crore.
When the performance is compared to the benchmark index, Invesco India Large & Mid Cap Fund outperforms by 14.8 percentage points over three years, while the benchmark delivered just 8.5%. On a one‑year basis, the fund beats the benchmark by 10.0 points; the index recorded a negative return of –1.2%.
For short‑term returns, the order changes. In the one‑month window, ICICI Pru Large & Mid Cap Fund led the pack with a 3.2% gain. It also tops the three‑month return chart.
On a one‑year horizon, HSBC Large & Mid Cap Fund is the strongest performer among the five, posting an 11.1% return.
These variations show that rankings can differ depending on the period examined. A fund that shines in the short term may not lead over a longer period, and vice versa.
Large‑mid‑cap funds invest in both large‑cap and mid‑cap companies, providing a blend of stability from established firms and growth potential from mid‑sized enterprises.
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