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HDFC Top 100 Fund, ICICI Prudential Bluechip Fund and Nippon India Large Cap Fund are the top funds in the large cap space, as per Crisil Mutual Fund Ranking for the quarter ended June 2023.
The global analytics company also identified five large cap funds as the second best. These include - Aditya Birla Sun Life Frontline Equity Fund, Edelweiss Large Cap Fund, JM Large Cap Fund, SBI Blue Chip Fund and Tata Large Cap Fund.
Interestingly, barring Aditya Birla Sun Life Frontline Equity Fund (which moved one spot up), the rankings remained unchanged.
|
June 2023 Ranking |
Large Cap Funds |
March 2023 Ranking |
|
1 |
HDFC Top 100 Fund |
1 |
|
ICICI Prudential Bluechip Fund |
1 |
|
|
Nippon India Large Cap Fund |
1 |
|
|
2 |
Aditya Birla Sun Life Frontline Equity Fund |
3 |
|
Edelweiss Large Cap Fund |
2 |
|
|
JM Large Cap Fund |
2 |
|
|
SBI Blue Chip Fund |
2 |
|
|
Tata Large Cap Fund |
2 |
Large & Mid Cap Category
In the large & mid cap space, Crisil ranked HDFC Large and Mid-Cap Fund and ICICI Prudential Large & Mid Cap Fund as the top funds. While the ranking of HDFC Large and Mid Cap Fund improved by one place, the ranking of ICICI Prudential Large & Mid Cap Fund remained unchanged.
|
June 2023 Ranking |
Large & Mid Cap Funds |
March 2023 Ranking |
|
1 |
HDFC Large and Mid Cap Fund |
2 |
|
ICICI Prudential Large & Mid Cap Fund |
1 |
|
|
2
|
Kotak Equity Opportunities Fund |
2 |
|
Motilal Oswal Large and Midcap Fund |
3 |
|
|
SBI Large & Midcap Fund |
1 |
|
|
Tata Large & Mid Cap Fund |
2 |
|
|
UTI Core Equity Fund |
2 |
Mid Cap Category
In this category, Crisil gave top ranking to HDFC Mid-Cap Opportunities Fund and Motilal Oswal Midcap Fund. As against the previous rankings, HDFC Mid-Cap Opportunities Fund moved up one place and Motilal Oswal Midcap Fund retained its place.
|
June 2023 Ranking |
Mid Cap Funds |
March 2023 Ranking |
|
1 |
HDFC Mid-Cap Opportunities Fund |
2 |
|
Motilal Oswal Midcap Fund |
1 |
|
|
2
|
Kotak Emerging Equity Fund |
2 |
|
Nippon India Growth Fund |
2 |
|
|
Quant Mid Cap Fund |
1 |
|
|
SBI Magnum Midcap Fund |
2 |
|
|
Taurus Discovery (Midcap) Fund |
4 |
Small Cap Category
Nippon India Small Cap Fund and Quant Small Cap Fund retained their previous quarter rankings to be the top funds in the small cap space.
|
June 2023 Ranking |
Small Cap Funds |
March 2023 Ranking |
|
1 |
Nippon India Small Cap Fund |
1 |
|
Quant Small Cap Fund |
1 |
|
|
2 |
Franklin India Smaller Companies Fund |
2 |
|
HDFC Small Cap Fund |
2 |
|
|
ICICI Prudential Smallcap Fund |
3 |
|
|
Tata Small Cap Fund |
2 |
Methodology
Crisil has ranked only open-ended schemes and has considered various parameters for assigning a ranking. “The basic criteria for inclusion in the ranking universe are three-year/one-year NAV history and AUM in excess of category cut-off limits, and complete portfolio disclosure”, said the report.
It has considered three-year NAV history and an AUM cut-off of Rs 10 crore for equity schemes along with mean return, volatility, portfolio concentration and liquidity among others.
The report covers 27 large, 24 large & mid, 24 mid and 21 small cap funds.
