Worst performing Largecap funds.
5paisa Research Team
9th December 2022 - 04:08 pm
Read on to find if you hold these worst performing large-cap funds in your portfolio.
We are in the midst of one of the best bull market run ever seen. Every equity indices barring few have more than doubled in last one and half year. Frontline equity indices, Sensex and Nifty are above the psychological level of 60,000 and 18,000. Despite such optimism in the direct equity market, there has been some dampening news coming from the equity dedicated mutual funds.
According to its half-yearly report, S&P Indices Versus Active (SPIVA) 86% of large-cap equity schemes of mutual funds underperformed the indices during the one year to June 2021. As of date, the large-cap funds on average have generated a return of 52.07% compared to 53.13% by large-cap indices such S&P BSE 100 – TRI and NIFTY 50 – TRI.
We have listed out the worst-performing large-cap (Regular Plan) dedicated funds.
The following table shows the worst-performing large-cap funds in the last one year.
This is the table code -
|
Funds |
Fund Manager |
AUM(in Rs. cr) |
ExpenseRatio (%) |
Inception Date |
Benchmark Index |
NAV (Rs) |
Return (%)1 yr |
|
JM Large Cap Fund(G) |
Satish Ramanathan |
50.4 |
2.43 |
01-Apr-95 |
S&P BSE SENSEX - TRI |
99.12 |
38.09 |
|
Taurus Largecap Equity Fund-Reg(G) |
Ankit Tikmany |
33.8 |
2.61 |
28-Feb-95 |
S&P BSE 100 - TRI |
105.2 |
39.91 |
|
Indiabulls Blue Chip Fund(G) |
Sumit Bhatnagar |
106.2 |
2.43 |
10-Feb-12 |
NIFTY 50 - TRI |
29.38 |
41.78 |
|
IDFC Large Cap Fund-Reg(G) |
Sumit Agrawal |
897.5 |
2.36 |
09-Jun-06 |
S&P BSE 100 - TRI |
50.28 |
44.19 |
|
DSP Top 100 Equity Fund-Reg(G) |
Vinit Sambre |
2982.5 |
2.06 |
10-Mar-03 |
S&P BSE 100 - TRI |
301.99 |
45.7 |
|
HSBC Large Cap Equity Fund(G) |
Neelotpal Sahai |
796.8 |
2.4 |
10-Dec-02 |
NIFTY 50 - TRI |
321.84 |
47.35 |
|
BNP Paribas Large Cap Fund(G) |
Karthikraj Lakshmanan |
1211.7 |
2.26 |
23-Sep-04 |
NIFTY 50 - TRI |
142.05 |
47.67 |
|
PGIM India Large Cap Fund(G) |
Alok Agarwal |
354.3 |
2.46 |
30-Jan-03 |
NIFTY 50 - TRI |
256.42 |
47.79 |
|
Axis Bluechip Fund-Reg(G) |
Shreyash Devalkar |
32212.6 |
1.58 |
05-Jan-10 |
NIFTY 50 - TRI |
47.28 |
47.89 |
|
L&T India Large Cap Fund-Reg(G) |
Venugopal Manghat |
731.7 |
2.47 |
23-Oct-07 |
S&P BSE 100 - TRI |
41.62 |
48.54 |
The above table shows some of the funds that performed well two years back, are now the laggard. Axis Bluechip Fund, which always topped the chart in terms of performance and has an AUM of more than Rs 32,000 crore has also underperformed its benchmark by almost 5%. This is despite the fund having one of the lowest expense ratios.
This is the right time for investors to go back and check their asset allocation and investigate more about the funds where they have invested. If they find their funds are permanently underperforming, they should make a switch.
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