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Four schemes from the list - DSP Equity Opportunities Fund, Edelweiss Large & Mid Cap Fund, LIC MF Large & Midcap Fund, and Nippon India Vision Fund – have underperformed their benchmarks in 2023 so far.
We considered all equity schemes like large cap, mid cap, large & mid cap, small cap, ELSS, multi cap, flexi cap,focused fund, contra and value. We considered regular and growth options.
Several prominent mid cap schemes like Axis Mid Cap Fund, Kotak Emerging Equity Fund, Sundaram Mid Cap Fund, Franklin India Prima Fund, among others failed to beat their benchmarks in both these horizons.
Data crunching by ETMutualFunds revealed that around nine mid cap schemes gave more than 15% in three, five, seven, and 10 year horizons. Six small caps, three ELSS, and flexi cap funds, two multi cap and value funds, one large & mid cap and contra fund also offered more than 15% in all these four horizons.
Several mutual fund advisors are recommending large & mid cap funds to their clients to invest for the long term. ETMutualFunds explains the rationale.