The top nine large- and mid-cap mutual funds have offered more than 30% returns in 2024, according to an analysis of the category’s performance. Around 27 large- and mid-cap funds have been active during this period.

The top three schemes offered returns of more than 40% in 2024. Motilal Oswal Large & Midcap Fund, the top performer on the list, delivered a return of 46.55%. HSBC Large & Mid Cap Fund offered a return of 42.77%, while Invesco India Large & Mid Cap Fund posted a return of approximately 40.88% during the same period.

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Bandhan Core Equity Fund and UTI Large & Mid Cap Fund offered returns of 32% and 31.29%, respectively, in 2024. LIC MF Large & Midcap Fund delivered a return of 31.10% during the same period.

Baroda BNP Paribas Large & Mid Cap Fund and Canara Robeco Emerging Equities Fund delivered returns of 30.79% and 30.61%, respectively, in 2024. Nippon India Vision Fund posted a return of 30.19% during the same period.

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Axis Growth Opportunities Fund delivered a return of 29.85% during the said period. SBI Large & Midcap Fund and Mirae Asset Large & Midcap Fund posted returns of 21.89% and 20.49%, respectively, in 2024. Mahindra Manulife Large & Mid Cap Fund recorded the lowest return of around 19.14% during the same period.

Performance against benchmark

ETMutualFunds compared the performance of these large- and mid-cap funds with their respective benchmarks in 2024. Out of the 27 large- and mid-cap funds active during this period, 19 schemes outperformed their benchmarks, reflecting a 70% outperformance rate. In other words, eight large- and mid-cap funds failed to beat their benchmarks during the same period.Motilal Oswal Large & Midcap Fund managed to outperform its benchmark during the mentioned period. Baroda BNP Paribas Large & Mid Cap Fund delivered a return of 30.79% in 2024, compared to 19.93% from its benchmark, the BSE 250 LargeMidCap Index – TRI, in the same period.

Axis Growth Opportunities Fund posted a return of 29.85% in 2024, against 22.93% by its benchmark, NIFTY LargeMidcap 250 – TRI. ICICI Pru Large & Mid Cap Fund and Sundaram Large & Mid Cap Fund, both benchmarked against NIFTY LargeMidcap 250 – TRI, also managed to outperform their benchmarks in 2024.

Underperformers

HDFC Large and Mid Cap Fund delivered a return of 22.76% in 2024, compared to 22.93% from its benchmark, NIFTY LargeMidcap 250 – TRI, in the same period. SBI Large & Midcap Fund and Mirae Asset Large & Midcap Fund failed to outperform their respective benchmarks during the mentioned period.

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Aditya Birla SL Equity Advantage Fund posted a return of 20.19% in 2024, against 22.93% from its benchmark during the same period. Quant Large & Mid Cap Fund and Navi Large & Midcap Fund also failed to outperform their benchmark, NIFTY LargeMidcap 250 – TRI. Tata Large & Mid Cap Fund and Mahindra Manulife Large & Mid Cap Fund likewise underperformed their benchmarks in 2024.

Large & mid cap funds offered an average return of around 27.56% in 2024. These schemes are benchmarked against the BSE 250 LargeMidCap Index – TRI and NIFTY LargeMidcap 250 – TRI, which delivered returns of 19.93% and 22.93%, respectively, in 2024.

We considered all large & mid cap funds active during the mentioned period, including both regular and growth options. The performance was calculated from January 1, 2024, to December 13, 2024.

Please note, the above analysis is not a recommendation. It is intended to evaluate the performance of large & mid cap funds in 2024. Investment or redemption decisions should not be based solely on this analysis. Always consider your risk appetite, investment horizon, and financial goals before making any investment decisions.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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