15 Large-Cap Mutual Funds Failed to Outperform Benchmarks
Over the last 5 years, 15 Large-Cap Mutual Funds have failed to achieve their respective benchmarks and have underperformed at the usual underperformance rate of 60%. In this time period, only 10 Large-Cap Mutual Funds exceeded their benchmarks. There were a total of 25 Large-Cap Mutual Funds in the market which completed the time period of 5 years, among which 15 underperformed and 10 outperformed.
Over the past five years, the Axis Bluechip Fund has underperformed its corresponding benchmark. In comparison to its benchmark (BSE 100-TRI), which produced an 18% return, the investment scheme produced a 13.25% return. Additionally, neither the DSP Top 100 Equity Fund nor the Bandhan Large Cap Fund were able to beat their benchmark, the BSE 100-TRI.
With a return of 16.79%, the Franklin India Bluechip Fund dropped behind its benchmark, the NIFTY 100-TRI, which provided a return of 17.23% during the same time period.
During the same time period, the well-known large-cap fund SBI Bluechip Fund returned 17.04%, but it was unable to outperform its benchmark, BSE 100-TRI, which returned 18%. Additionally, the Tata Large Cap Fund did not beat its benchmark.
Similarly, the other two large-cap Cap Mutual Funds, Taurus Large Cap Fund and Union Large Cap Fund failed to reach their benchmark and hence underperformed BSE 100 – TRI, in this period of time.
Large Cap Mutual Funds Outperformed in 5 Years
Aditya Birla SL Frontline Equity Fund outperformed their benchmarks in this time period of 5 years with a return rate of 17.61%; similarly, Baroda BNP Paribas Large Cap Fund outperformed with a return of 18.12%, NIFTY 100 – TRI.
Over the past five years, the Canara Robeco Bluechip Equity Fund has given a return of 18.23%, whereas its benchmark, the BSE 100-TRI, has returned only 18%. When compared to the NIFTY 100-TRI, four schemes—the Edelweiss Large Cap Fund, HDFC Top 100 Fund, ICICI Pru Bluechip Fund, and Invesco India Largecap Fund—have outperformed.
JM Large Cap Fund has returned 18.70% in the last five years, whereas 18% of the return gained from its benchmark, BSE 100 – TRI.
There are two more large-cap funds that managed to achieve their benchmarks in this time period, they are Kotak Bluechip Fund and Nippon India Large Cap Fund.
For the past five years, large-cap schemes have generated an average return of 16.72%. These schemes are compared to the BSE 100-TRI and NIFTY 100-TRI, which generated returns of 18.0% and 17.23%, respectively, over the same time period.
In this article, we have mentioned the details about all large-cap funds that have underperformed and overperformed over the past 5 years after comparing their overall performance.
