Based on Fund performance as on 25 Feb
Cheapest and highest return Large-Cap mutual fund comprises largely of smaller funds but also the ones with highest returns in the category. Only a few of the schemes from “Top Ten Large-Cap Equity Mutual Funds” and “Top Five: Large Cap Regular Funds with 10-14% Returns” made it to the list of Cheapest Large-Cap Equity funds with highest returns.
All the Large Cap schemes in the list are below Rs100 range and only one is above Rs 90 and another above Rs 50. Remaining three are in sub Rs 50 range. Canara Robeco Bluechip Equity Fund is the cheapest fund scheme among the top five, its NAV stood at Rs 28. LIC MF Large Cap Fund and Edelweiss Large Cap Fund are two other schemes which are in the same range, LIC at Rs29.8 and Edelweiss at Rs 38. Mirae Asset Large Cap Fund’s NAV was at Rs 53.4 and BNP Paribas Large Cap Fund was most expensive at Rs98.
In terms of size of Funds, only one of the Top 10 funds in terms of AUM is in the list of top five cheapest and best performing fund schemes. Mirae Asset Large Cap Fund with AUM of Rs 17.7K crores is the only large fund in the list. Edelweiss Large Cap Fund is the smallest fund in terms of AUM with only Rs 182crore in the fund.
Canara Robeco Bluechip Equity Fund, BNP Paribas Large Cap Fund and LIC MF Large Cap Fund have delivered over 20% return during first year. The third year return is almost identical for all funds which are in 11% range except for Canara Robeco Bluechip Equity Fund which delivered 13% return. Except Mirae Asset Fund all other funds delivered below 10% returns during 5yr period. Mirae Asset Large Cap Fund is the only scheme which has delivered over 10% returns during different phases from short term to long-term period of investment.