Best Large Cap Mutual FundsPosted by Ayushi Oberoi on January 10th, 2020 While 4 years is a short time to evaluate the consistency of performance of an equity fund, we can take a look at another similar fund, Mirae Asset Large Cap Fund that Neelesh Surana has been managing since Apr-2008. There is a 77% portfolio overlap between Mirae Asset Tax Saver and Best Large Cap Mutual Funds, and hence the latter can be considered a good proxy for understanding the potential of Mirae Asset Tax Saver.
On a 3-year rolling return basis, the Mirae Asset Large Cap Fund has outperformed the Nifty 100 TRI 100% of the time with an average outperformance of ~5.3%. Also since its inception in April 2008, Mirae Asset Large Cap Fund has delivered outperformance of ~5.3% (15.6% CAGR vs 10.3% Nifty 100) based on point-to-point returns. Mirae Asset Tax Saver, given its small size and no market cap restrictions also has the advantage of taking higher exposure to mid/small caps if required. Currently, this Tax Saving ELSS Funds has around 30% in mid and small caps (vs 15% in Mirae Asset Large Cap fund). This gives the fund a possible potential for higher outperformance. Like it? Share it! More by this author |
