Published on: Nov. 9, 2020, 3:46 a.m.| Last on Updated : Nov. 12, 2020, 5:19 a.m. UTC TIME ZONE
Large-cap funds have to invest 80% or more of their assets in equity and equity-related instrument of large-cap companies; as per Securities and Exchange Board (SEBI) definition a large-cap company is:
Some of the advantages of investing in a large-cap mutual fund is following:
|Rolling Return||Start Date||End Date||Months|
We have taken a weighted average of both one year and three-year rolling returns and compared it to the interest rate on fixed deposits. The interest rate on fixed deposit used in this analysis is the average interest rate of the last five years. The average interest rate on the FD rate in this period was 6.73%.
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Table 2 shows the top five large-cap funds by weighted average rolling returns.
|Fund Name||Weighted Average Return (1Y Return:50%, 3Y Return 50%)||Weighted Average Return Rank||1 Year Rolling Return||3 Year Rolling Return Annualised||Drawdown||EVaR 1 Year||Sharpe Ratio||Return More Than Interest on FD|
|Axis Bluechip Fund||10.27%||1||7.13%||13.41%||-19%||-26%||0.22||Yes|
|Canara Robeco Bluechip Equity Fund||9.11%||2||6.91%||11.3%||-22%||-26%||0.17||Yes|
|Mirae Asset Large Cap Fund||8.57%||3||4.55%||12.59%||-28%||-24%||0.15||Yes|
|Edelweiss Large Cap Fund||6.97%||4||3.48%||10.46%||-27%||-25%||0.05||Yes|
|IDFC Large Cap Fund||6.38%||5||3.03%||9.73%||-25%||-22%||0.07||Yes|
Axis Bluechip Fund has generated good returns in the last five years. Sharpe ratio is also high for this fund and has the lowest drawdown. Other two top funds Canara Robeco Bluechip Equity Fund and Mirae Asset Large Cap Fund performance is good.
Disclaimer past performance is not a guarantee of future performance.
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