Top-rated midcap, smallcap and large & midcap funds

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Mutual funds are full of options across fund categories. There are dozens of funds in each category, be it largecap, midcap or smallcap, making the selection tough for investors and MFDs/advisors.

There are various factors one needs to look at while selecting a fund including the track record of the fund manager and the underlying holdings.

Past performance is also one aspect. One of the ways to find the best performing funds is to look at the rankings released by research firms. Crisil Reseach recently released its mutual fund ranking list for the June quarter. The report categorises funds in each scheme category as per their performance.

Here’s the list of funds which have made it to the research firm’s top category (very good performance):

Midcap funds

BNP Paribas Mid Cap Fund

BNP Paribas Mid Cap Fund has maintained its position in Crisil Research’s Rank 1 category. The fund has delivered benchmark beating returns in the 3-year period. Its 3-year trailing return is 21.28% as against 19.16% rise in S&P BSE 150 MidCap TRI. In the 5-year period, it lags behind the benchmark with 15.9% return.

PGIM India Midcap Opportunities Fund

This fund has delivered highest return among midcap funds in 1-year and 3-year periods. Its performance has been much ahead of the benchmark — the S&P BSE 150 MidCap TRI. In the 3-year period, it has delivered 30% return compared to 19% rise in benchmark. In the 1-year period, the return is 95%.

Rank

Fund

1-yr return

3-yr return

5-yr return

1

BNP Paribas Mid Cap Fund

73.17

21.28

15.9

1

PGIM India Midcap Opportunities

94.93

30.07

20.5

2

Edelweiss Mid Cap Fund

78.35

21.62

18.38

2

Kotak Emerging Equity

77.28

22.36

17.97

2

Mahindra Mid Cap Unnati Yojana

75.37

19.16

2

SBI Magnum Midcap Fund

80.85

20.64

13.71

 

Benchmark

75.37

19.16

18.21

Smallcap funds

Kotak Small Cap Fund

The Kotak Small Cap Fund is the only smallcap fund in the Crisil Research’s top category. The fund has delivered highest return among smallcap funds in the 3-year period. It has delivered 3-year trailing return of 28.8% compared to 16.7% rise in benchmark S&P BSE 250 SmallCap TRI.

It was the only smallcap fund in the ‘very good performance’ category in the March quarter too.

Rank

Fund

1-yr return

3-yr return

5-yr return

1

Kotak Small Cap Fund

104.97

28.82

20.61

2

Axis Small Cap Fund

81.58

28.56

21.69

2

Nippon India Small Cap Fund

96.19

22.87

22.53

2

Union Small Cap Fund

80.22

23.57

16.76

 

Benchmark

89.45

16.7

15.29

Large & Midcap funds

Mirae Asset Emerging Bluechip Fund

This fund is one among the only two funds in the top category.  It has delivered highest return among large & midcap funds during the 3-year, 5-year and 7-year periods. Value Research shows the fund has delivered 24% return in the 3-year period, which is significantly higher than the rise in benchmark (16.3%). In the 5-year period, it has delivered 21.5% return.

UTI Core Equity Fund

The UTI Core Equity Fund has shown massive improvement in ranking. In the March quarter, it was in Rank 3 (average performance) category. The change in ranking is mostly due to its impressive one-year performance. The fund delivered 68% return as compared to 55% growth in benchmark. In the 3-year period, it delivered 15% annual return, which is lower than the benchmark return of 16%.

Rank

Fund

1-yr return

3-yr return

5-yr return

1

Mirae Asset Emerging Bluechip Fund

67.33

24.1

21.49

1

UTI Core Equity Fund

68.61

15.45

13.44

2

BOI AXA Large & Mid Cap Equity Fund

60.17

15.23

13.77

2

Canara Robeco Emerging Equities

62.95

19.46

18.76

2

Principal Emerging Bluechip Fund

63.13

17.88

17.17

2

SBI Large & Midcap Fund

63.41

17.2

14.88

 

Benchmark

55.33

16.33

16

Tags: mutual funds, midcap funds, smallcap funds, mid and smallcap funds, fund performance, BNP Paribas Mid Cap Fund, UTI Core Equity Fund

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