I selected some thirty top mutual funds that have some following in the investment community.  I grouped the funds in one of the following groups. Large-Cap Tilted fund are those which have over 70% invested in large-cap equities and the rest in mid/small-cap equities.  Mixed funds are those that have invested 35-70% in large-cap equities, and the rest in mid/small-cap equities.  Small/Mid-Cap Tilted funds are those that have over 70% invested in small/mid-cap equities. Then, I ranked the 1-year performance in each of the groups.
Among the large-cap tilted funds, Fidelity Equity delivered the best 1-year returns followed by HDFC Top 200 and UTI Dividend Yield Fund.  HDFC Top 200 and UTI Dividend Yield have fared well over a 3-year period compared to Fidelity Equity.  Among multi-cap/mixed-cap funds, Tata Dividend Yield delivered the best 1-year returns followed by Reliance Equity Opportunities, and HDFC Equity Fund. Over a 3-year period, HDFC Equity Fund stands out. Among mid-cap/small-cap tilted funds, IDFC Premier Equity delivered the best returns followed by Birla Sunlife Dividend Yield and ICICI Prudential Discovery Fund.
Among various things, it’s interesting to note that a dividend yield fund is among the top funds in each of the categories. DSP-Blackrock Top 100 equity, which is one of the large-cap favorites (and recommended by mutual fund research houses) is underperforming (on absolute return basis) compared to the rest of the large-cap funds surveyed here.   HDFC Top 200 and HDFC Equity continue to deliver consistently delivering even as its AUM has swelled considerably. Templeton Growth Fund need a mention as one of the consistent performers in the mixed/multi-cap category. Finally, as it completed 5 years, IDFC Premier Equity has raised itself a few notches and has produced a stellar performance. In terms of underperformers, Sundaram SMILE, Reliance Growth, Kotak Opportunities deserve a mention, and investments in these funds could be avoided.
A well-diversified portfolio, with funds from each of these 3 categories is the best way to grow your wealth.
Happy Investing!

FUND	Investing Style	AUM (Rs Cr)	6mo absolute return	1yr absolute return	3yr absolute return
Fidelity Equity Fund	Large-Cap Tilt	3,307.21	15	26.3	17
HDFC Top 200 Fund	Large-Cap Tilt	9,424.80	16.9	24.4	32.6
UTI Dividend Yield Fund	Large-Cap Tilt	2,859.21	15.7	23.4	27.5
Franklin India Bluechip	Large-Cap Tilt	3,326.76	17.1	22.4	17.8
ICICI Prudential Dynamic Plan	Large-Cap Tilt	2,707.01	13	20.8	19.3
UTI Equity Fund	Large-Cap Tilt	2,170.43	17.3	19.3	21.4
Birla SL Frontline Equity	Large-Cap Tilt	2,645.86	15.3	17.5	15.3
DSP-BR Top 100 Equity	Large-Cap Tilt	2,810.98	13.8	15.8	12.2
Tata Dividend Yield Fund	Mixed	176.65	14.5	30.6	16.1
Reliance Equity Opportunities	Mixed	2,694.26	17.2	30.2	19.9
HDFC Equity Fund	Mixed	8,369.98	18.7	28.4	32.9
HDFC Capital Builder Fund	Mixed	625.28	15.6	27.8	11.1
HDFC Core & Satellite Fund	Mixed	460.71	17.7	27.3	17.5
HDFC Growth Fund	Mixed	1,361.37	15.4	26.5	14.7
Templeton Growth Fund	Mixed	822.08	15	20.6	22
DSP-BR Equity Fund - RP	Mixed	2,355.38	13.7	18.4	13.2
Reliance RSF - Equity	Mixed	3,275.32	13	18.3	9.8
Kotak Opportunities Fund	Mixed	1,042.93	13.2	17.6	-8.4
Reliance Growth Fund	Mixed	8,100.85	9.6	16.1	5
Tata Equity P/E Fund	Mixed	719.18	11.6	15.8	7.6
IDFC Premier Equity	Small/Mid-Cap Tilt	1,786.44	17.3	30.2	24.2
Birla SL Dividend Yield	Small/Mid-Cap Tilt	683.80	13.3	28.4	35.3
ICICI Prudential Discovery Fund	Small/Mid-Cap Tilt	1,548.88	13.5	26.1	32.3
UTI Master Value Fund	Small/Mid-Cap Tilt	639.70	14.1	25.6	13.6
Sundaram Select Midcap	Small/Mid-Cap Tilt	2,294.00	15.4	18.6	6.4
Franklin India Prima Fund	Small/Mid-Cap Tilt	945.89	11.5	18	-7.9
Birla Sun Life Midcap Fund	Small/Mid-Cap Tilt	2,003.17	10	12	1.8
HSBC Midcap Equity Fund	Small/Mid-Cap Tilt	176.71	9.8	10.7	-24.5
Sundaram S.M.I.L.E Fund	Small/Mid-Cap Tilt	749.00	8.5	8	0.9

Sources of data: www.moneycontrol.com, www.valueresearchonline.com

Labels: Core-Satellite, Equity Diversified, India, investment strategy, Large-cap, MIDCAP, Mutual Funds, Portfolio Construction, SMALLCAP