To make better investment choices at the beginning of the new year in 2023, long-term equity investors who want to start their investments in 2023 can look at the 2022 performance of well-known equity funds, such as Large Cap and Mid Cap Fund. The market offers more than 25 large cap funds and more than 30 large cap funds, however, deciding which fund to invest in depends on various factors. A mutual fund’s past performance has no bearing on its future performance, but looking at past performance can give you insight into high-quality underlying securities that can survive market dynamics in a fund that consistently does well. Is performing and giving respectable returns in both. Bull and Bear phases of the market. based on an interview with CA Manish P Hinger, Founder, FintooThe spokesperson talks with Livemint’s Vipul Das and highlights the best and worst performing large cap and mid cap funds of the year 2022, which ends today.
Best and Worst Performing Large Cap Funds of 2022
It is important to note that the best mutual fund for one investor may not necessarily be the best for another, as different investors have different financial goals and risk tolerance. Keeping this in mind, some of the best performing Large-Cap Mutual Funds in India 2022 are Nippon India Large Cap Fund and HDFC Top 100 Fund. They manage the AUM of both the funds 12,922 crore and 23,453 crore and has given returns of 13.14% and 11.69% respectively and has outperformed the category average of 4.75%. Both these funds predominantly invest in large-cap stocks and have a history of outperforming their benchmark indices.
Axis Bluechip Fund and Invesco India Large Cap Fund haven’t had a great innings in this current year as both of them have given negative returns of -3.95% and -0.65% respectively as against the large-cap category average return of 4.75% during the same period . And the return of the large-cap benchmark index that is S&P BSE 100 TRI is 6.83%.
Best and Worst Performing Midcap Funds of 2022
Quant Midcap Fund and HDFC Midcap Opportunities Fund The Fund invests in a diversified portfolio of quality mid-cap stocks and has a strong track record of outperforming their benchmark indices. Both these schemes have an excellent track record of consistent performance over the long term and in the current year, Quant Midcap Fund and HDFC Midcap Opportunities Fund have given returns of 18.97% and 13.88% respectively, hence generating alpha as compared to their category average Is. Just 4.41% return.
On the other hand, ABSL Midcap Fund and DSP Midcap Fund are the laggards as they have performed poorly in the current year. Both these funds have given returns of -3.68% and -3.19% respectively in the current year as compared to their benchmark index and category average of 4.35% and 4.41% respectively. Adding to this, the Sharpe ratio which is an indicator of better risk-adjusted returns is 0.76% for ABSL Midcap Fund and 0.68% for DSP Midcap Fund which is lower than the category average of 0.91%.
conclusion
In addition, it is important to note that current and past performance is not necessarily indicative of future results and the value of mutual fund investments may fluctuate. Therefore, it is important to carefully consider a mutual fund’s investment strategy, fees and risks before making an investment decision. Before investing in any mutual fund it is important to do your own research and carefully consider your financial goals and risk tolerance. CA Manish P Hinger said that you should consult a financial advisor or professional before taking any investment decision.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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