Best mutual funds to invest in large-cap, mid-cap and small-cap categories based on their returns over the past 3 years

When investing in a mutual fund, investors usually evaluate the past performances of different mutual funds in the same category to make a comparative analysis.

There are various parameters to judge the performance of a mutual fund. Ideally, evaluating it on the basis of continuous returns is considered better than comparing absolute returns. Here we list the best mutual funds based on absolute returns over the last three years as on July 19.

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These mutual funds are listed on the basis of market capitalization, i.e. large cap, mid cap and small caps.

Large investment funds

Large cap funds are mutual funds that invest 80 per cent of their total assets in equities and equity-related instruments of large cap companies, as per the Sebi circular on categorisation and rationalisation of mutual funds.

The companies with large market capitalization are the companies with a position between 1 and 100 in terms of total market capitalization.

(www.amfiindia.com; Returns as of July 19, 2024)

As you can see from the table above, the highest return (24.93%) was achieved by Nippon India Large Cap Fund, followed by JM Large Cap Fund (21.97%).

Mid-cap funds

Mid-cap investment funds are funds that invest at least 65 percent of their total assets in equities and equity-related instruments of mid-cap companies.

The mid-cap companies are the entities that rank 101-250 in terms of total market capitalization.

(www.amfiindia.com; Returns as of July 19, 2024)

As you can see from the above table, the highest return (37.66%) was achieved by Motilal Oswal Midcap Fund followed by Quant Mid Cap Fund (31.14%).

Small cap funds

Small cap funds are funds that invest at least 65 percent of their total assets in equities and equity-related instruments of small cap companies. The small cap companies refer to all entities that are below 250 in terms of market capitalization.

(www.amfiindia.com; Returns as of July 19, 2024)

As you can see from the table above, the highest returns (31.03%) were achieved by Nippon India Small Cap Fund.

However, it is vital to note that past returns should be seen as indicative of the future potential of an investment fund. They do not guarantee their future returns in any way.

Remark: This story is for information purposes only. Please consult a SEBI registered investment advisor before taking any investment decision.