Active funds grow from strength to strength

These funds invest in the top 100 companies according to market capitalisation. Reliance Industries, with Rs 21 lakh crore in market cap, is the largest company in the space and Mankind Pharma (Rs 85,303 crore) is the smallest large-cap company. Collectively, the top 100 companies cover 64 per cent of the BSE universe and have a market cap of Rs 276 lakh crore. For those unaware, large-cap funds are ideal for conservative investors seeking stability and long-term wealth creation. Highlights & trends Performance: As of June-end, active funds gave returns of 16 per cent, outperforming the BSE 100 TRI's 14 per cent. This was mainly driven by sectors like Energy, Automobile and Services. Over a five-year SIP period, active funds look decent against the BSE 100 TRI since 2023. In 2024, the outperforming active funds gave about Rs 44,000 more on a Rs 10,000 SIP. Investor traction: Active funds saw Rs 5,000 crore ne

This article was originally published on July 15, 2024.