According to the Amfi data, the large cap category in 2023 has witnessed an outflow of Rs 2,687.19 crore. The category witnessed continuous outflows from May to September. The category received the highest inflow of Rs 911.29 crore in March. The category witnessed the highest outflow of Rs 2,049.61 crore in June.
Following Sebi s recent order to use uniform nomenclature for tax saving mutual funds, prominent ELSS have changed their names to help investors in identifying schemes in the same league.
Mutual Fund s total assets under management (AUM) have grown significantly in September 2023. As per data of AMFI, the mutual fund industry s net AUM is Rs 46.5 lakh crore, while the average AUM stands at Rs 47 lakh crore for September 2023.
Five large cap mutual funds that gave the highest return in the past 10 years are Nippon India Large Cap Fund which gave 17.09% returns, followed by Mirae Asset Large Cap Fund with 16.99% return. The other three are ICICI Prudential Bluechip Fund, SBI Bluechip Fund and HDFC Top 100 Fund.