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Mirae Asset Large Cap, Kotak Standard Multicap, gain most inflows in 2019

According to data from Morningstar, three mutual fund schemes accumulated inflows worth more than Rs 4,000 crore in 2019.

, ET Online|
Updated: Dec 11, 2019, 05.07 PM IST
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Mirae Asset Large Cap Fund and Kotak Standard Multicap Fund have gathered the highest amount of inflows in this calendar year, shows data from Morningstar.

According to data from Morningstar, Mirae Asset Large Cap Fund has witnessed inflows worth Rs 4575.76 crore in 2019. This can be attributed to the scheme’s good performance in the last three years. The scheme generated an annual return of 38.58% compared to 5.31% returns generated by its benchmark in 2017. The scheme managed to remain in the top quartile and beat its benchmark in 2018 also with an annual return of -0.64% compared to -3.26% generated by its benchmark.

Kotak Standard Multicap Fund gained assets worth Rs 4262.87 crore in 2019. This spike in assets is also attributed to the scheme’s stable past performance. The scheme has been in the top quartile since 2014. The scheme generated a return of 34.31% in 2018 compared to a -3.30% return generated by its benchmark. The performance of the scheme dipped a little in 2018 but the scheme remains in the top quartile.

The third largest accumulator of inflows is Axis Bluechip Fund which gained Rs 4107.46 crore in 2019. Axis Mutual Fund has seen its schemes across categories performing really well in the past two years and this one is also not an exception. The scheme managed a return of 6.54% against a benchmark return of 3.92% in one year. In 2017, the scheme had posed an exceptional 38.03% return against 4.76% return generated by the benchmark.

HDFC Small Cap Fund with an annual inflow of Rs 3714.22 crore was next in line. The scheme had underperformed its benchmark in 2018 when the market saw the correction. The scheme posed a return of -8.08% in 2018. However, a year before that, the scheme generated 60.75% returns in one year against -0.05% generated by its benchmark.

The fifth in the list is ICICI Prudential Bluechip Fund with an annual inflow of Rs 2458 crore. The scheme has recently been out of the top quartile fund but has managed its downside well. In 2018, the scheme generated a return of -0.81 % against -3.43% generated by its benchmark index. In 2017, the scheme posed 32.75% returns against a benchmark return of -0.53%.
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