6 Best Large & Midcap Equity Mutual Funds To Invest In 2023 As Recommended By Top Brokerage

Leading Brokerage firm ICICI Direct has published Mutual Fund Review Report on December 23, 2022 for year-end 2022 highlighting the equity market update and outlook. In the report, the brokerage has picked 6 top Large & Midcap Funds for 2023. Here we list these 6 Large & Midcap funds with the 5 Year SIP Returns:

Top 6 Large & Midcap Funds picked by ICICI Direct For 2023 - Annualised SIP Returns

Funds	CRISIL Rated	1-Yr Return	2-Yr Return	3-Yr Return	5-Yr Return
Axis Growth Opportunities Fund	Unrated	-6.38%	2.23%	14.62%	-
HDFC Large and Midcap Fund	4-Star	12.08%	14.25%	24.04%	18.63%
ICICI Pru Large and Midcap Fund	5-Star	16.14%	18.02%	26.40%	20.02%
Kotak Equity Opportunities Fund	3-Star	11.37%	12.03%	20.02%	17.73%
SBI Large and Midcap Fund	5-Star	12.36%	14.38%	23.29%	18.85%
Sundaram Large and Midcap Fund	3-Star	5.33%	9.24%	18.31%	15.58%

Note - Returns under the "Direct Plan-Growth" option of the Funds

Large & Midcap Funds

Large & Midcap Funds are equity mutual funds and invest primarily in a mix of large and mid-sized companies. These funds invest in India's top 200 companies, which sums up both Large and midcap stocks. These funds bring together the largest businesses in India as well as smaller businesses that are competing with the big businesses for the top spot. It helps in fulfilling long-term financial goals. However, these are equity funds, which makes them risky for investments. These funds are not immune to stock market volatility and fluctuations. 

These funds are perfect for investors with investment horizons longer than five years. Large and mid cap schemes are required to invest at least 35% of their assets in large and mid cap stocks, respectively. It provides the ideal balance of the aggressiveness of mid-sized companies with the stability of large caps. As you take less risk than with pure mid-cap funds, it is a wise choice to invest in mid-caps this way.

Many large and midcap funds have produced high returns since their respective launch dates over the years. However, investors need to be aware that there is no assurance or guarantee that a fund will maintain its past performance in the future.

Disclaimer

Mutual fund investments are subject to market risk. Read all scheme-related Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.