Top LargeMidcap Mutual Funds that outperformed in short term to long term
Every one wants to invest in top performing mutual fund schemes. Some funds might perform well in the short term, some in the medium term and some on long term. However, if someone filters largemidcap mutual funds based on last 1 to 7 years trailing returns and ask you to just filter 2 or 3 funds, how would you choose. This is a tough job. Here come trailing returns. This article would provide analysis of largemidcap mutual funds and among them which are those 2 funds that have outperformed in the last 1 to 7 years tenure considering rolling returns.
Also Read: Best Largecap Mutual Funds to invest
What is rolling returns?
Before we jump into the performance of these largemidcap mutual funds, let us check what is rolling returns all about.
Rolling returns in mutual funds are annualized average returns for a specific period, ending with the listed year. Rolling returns are useful for examining the behavior of returns for holding periods, similar to those actually experienced by investors. Let me explain with an example.
1 year rolling returns means the average annualized returns for 1 year. Say we want to compute 1 year rolling returns till 30-Sep-20, we need 2 years data i.e. 1-Oct-2018 to 30-Sep-2020. The annualized return would be first computed from 1-Oct-2018 to 30-Sep-2019 (1 year), then 2-Oct-18 to 1-Sep-20 (1 year), then 3-Oct-18 to 2-Oct-19 (1 year) etc., Such returns are averaged and rolling returns are formed. One can ignore the holiday and weekends, else it would be too much of the analysis.
While trialing returns would be a point in time specific, rolling returns would tell investors how a mutual fund performed assuming they invest every day. This way, bad funds which are performed only in short duration can be eliminated while making investment decisions.
List of LargeMidcap Mutual Funds considered
There are almost 21 mutual funds in largemidcap mutual fund category which invests majorly in largecap + midcap stocks. While there is such huge list, only 5 mutual funds have given high returns in the last 1 year, 2 years, 3 years and 5 years. We have considered only regular plans for this analysis. Here is the total universe of 21 large-midcap funds.
1) Mirae Asset Emerging Bluechip Fund
2) Canara Robeco Emerging Equities
3) Principal Emerging Bluechip Fund
4) Invesco India Growth Opportunities Fund
5) Quant Large & Mid Cap Fund
6) Kotak Equity Opportunities Fund
7) L&T Large and Midcap Fund
8) Tata Large & Mid Cap Fund
9) Aditya Birla Sun Life Equity Advantage Fund
10) SBI Large and Midcap fund
11) DSP Equity Opportunities Fund
12) Edelweiss Large & Mid Cap Fund
13) Sundaram Large and Midcap
14) ICICI Prudential Large & Mid Cap Fund
15) IDFC Core Equity Fund-Regular Plan
16) Franklin Equity Advantage
17) UTI Core Equity
18) BOI Axa Large and midcap fund
19) Nippon India Vision Fund
20) HDFC Growth Opps fund
21) LIC MF Large and Midcap fund
Now let us check about top performing funds based on rolling returns.
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Top Performing LargeMidcap Mutual Funds – 7 Years Rolling Returns
Out of these 21 funds, only 3 funds have outperformed NIFTY Largemidcap 250 Index of 80% or more consistency. All these funds gave over 15% annualized returns.
1) Mirae Asset Emerging Bluechip Fund
2) Canara Robeco Emerging Equities
3) Principal Emerging Bluechip Fund
Top Performing LargeMidcap Mutual Funds – 5 Years Rolling Returns
Out of these 21 funds, again, only 3 funds have outperformed NIFTY Largemidcap 250 Index of 80% or more consistency. All these funds gave majorly 15% annualized returns and minor portion between 12% to 15% returns.
1) Mirae Asset Emerging Bluechip Fund
2) Canara Robeco Emerging Equities
3) Principal Emerging Bluechip Fund
5) SBI Large and midcap fund
Top Performing LargeMidcap Mutual Funds – 3 Years Rolling Returns
Out of these 21 funds, 3 funds have outperformed NIFTY Largemidcap 250 Index of 70% or more consistency. All these funds gave majorly over 8% annualized returns and minor portion which is less than 8% and even negative.
1) Mirae Asset Emerging Bluechip Fund
2) Canara Robeco Emerging Equities
3) Principal Emerging Bluechip Fund
Top Performing LargeMidcap Mutual Funds – 2 Years Rolling Returns
Out of these 21 funds, 4 funds have outperformed NIFTY Largemidcap 250 Index of 70% or more consistency. All these funds consistently (70% to 90%) able to manage to give positive returns, but still 10% to 30% of the times it gave negative returns.
1) Mirae Asset Emerging Bluechip Fund
2) Canara Robeco Emerging Equities
3) Invesco India Growth Opportunities Fund
4) Sundaram Large and midcap fund
Top Performing LargeMidcap Mutual Funds – 1 Year Rolling Returns
Out of these 21 funds, 5 funds have outperformed NIFTY Largemidcap 250 Index of 70% or more consistency. All these funds consistently (70% to 80%) able to manage to give positive returns, but still 20% to 30% of the times it gave negative returns.
1) Mirae Asset Emerging Bluechip Fund
2) Kotak Equity Opps Fund
3) Canara Robeco Emerging Equities
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Top Performing LargeMidcap Mutual Funds in the last 1 to 7 years Rolling Returns
Having too many funds from particular segment does not makes any sence. If you observe, out of all these 21 funds, only Mirae Asset Emerging bluechip fund and Canara Robeco emerging equities fund were consistently beating benchmark of over 70% of the times considering the rolling returns in the last 1 to 7 years time frame.
Since these two funds have outperformed benchmark + all other peers in terms of rolling returns, let us also check how these 2 funds performed in terms of trailing annualized returns now.
1) Mirae Asset Emerging Bluechip Fund – Trailing Returns
1 year – 15%
3 years – 7%
5 years – 14%
7 years – 24%
2) Canara Robeco Emerging Equities – Trailing Returns
1 year – 14%
3 years – 5%
5 years – 14%
7 years – 23%
It is clear that except for 3 years time frame, where the returns are low, these two funds outperformed in terms of rolling returns + trailing annualized returns in the last 1 to 7 years time frame with their benchmark and peers.
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Excellent Analysis.Mr. Suresh
Can you pleasse suggest a portfolio for investing 40k for 20 years.
MF/Stocks/Other investments