Largecap funds that are rated the best by Crisil

In present times, it’s tough for active large cap funds to deliver benchmark-beating returns. But still some fund managers have been doing an excellent job of squeezing out alpha in the large-cap category. Crisil Research has released its latest ranking for large cap funds to identify such out performers.

The rankings for the first quarter of FY 2022 places three funds in the top category (very good performance) and five funds in the next best category (good performance).

Here are the funds that have made it to the top two categories:

Canara Robeco Bluechip Equity Fund

This fund has been placed in the top bracket by Crisil Research along with two other funds in the latest rankings. The Canara Robeco Bluechip Equity Fund has delivered 3-year trailing return of 19% compared to 15.5% growth in S&P BSE 100 TRI during the same period, according to Value Research.

Value Research has given 5-star rating to the fund.

Franklin India Bluechip Fund

The Franklin India Bluechip Fund climbed one spot to make it to the elite club. The 3-year trailing return of the fund, as per Value Research, is 12.03% as against 15.47% rise in S&P BSE 100 TRI. The fund has performed well in the past one year as it delivered 66% return, which is highest among large-cap funds. During the same period, S&P BSE 100 TRI has risen 57%.

IDBI India Top 100 Equity Fund

This fund is also in the top club. Its standing has improved by one spot between March and June quarter. The fund has managed to beat the S&P BSE 100 TRI benchmark in 3-year returns. While the fund delivered 17% return during the period, the benchmark grew by 15.47%.

In the last one year, the fund has delivered close to 60% return.

The second-ranked funds

Among the five funds in the next-best bracket, Axis Bluechip Fund was the only fund to get promoted to the list. In March quarter rankings, the fund was in the third-best category. Baroda Large Cap Fund and Edelweiss Large Cap Fund were in this club in the March-quarter as well. Kotak Bluechip Fund and UTI Mastershare Unit Scheme were moved to the second from first category.