{"id":946,"date":"2022-07-20T00:00:00","date_gmt":"2022-07-20T00:00:00","guid":{"rendered":"https:\/\/elementummoney.com\/blog\/2022\/07\/20\/large-cap-funds-june-2022\/"},"modified":"2024-01-05T11:21:07","modified_gmt":"2024-01-05T11:21:07","slug":"large-cap-funds-june-2022","status":"publish","type":"post","link":"https:\/\/elementummoney.com\/blog\/large-cap-funds-june-2022\/","title":{"rendered":"Large Cap Funds – June 2022"},"content":{"rendered":"\n

Before I start off on any analysis in this segment, even at the cost of a repetitive bore I will put forth this disclaimer. All fund schemes are taken as direct. However, even if you are a direct investor, hire a financial advisor that you trust who can guide with investments. Pay for your advice.<\/strong><\/p>\n\n\n\n

Fund category definition:<\/strong> Funds with minimum 80{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} portfolio allocation to Large Cap (top 100 by market cap size) stocks<\/p>\n\n\n\n

Benchmark: <\/strong>BSE 100 TRI or Nifty 100 TRI with latter changing by -4.86{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} in June 2022 and giving a 1-year return of 1.08{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}<\/p>\n\n\n\n

Data as on:<\/strong> 30th<\/sup> June, 2022<\/p>\n\n\n\n

Summary<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n

In terms of AUM ranking, HDFC Top 100 has just about inched up ahead of Aditya Birla Frontline Equity to make it to the top 5 funds by AUM.<\/p>\n\n\n\n

Three funds have slight changes in expense ratios \u2013 Axis has increased by 4 bps to go up to 0.52{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}, UTI Mastershare has reduced by 7 bps to come down to 1.03{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} while Canara Robeco has increased by 4 bps to go up to 0.38{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}.<\/p>\n\n\n\n

Axis seems to have had a bit of a trim bringing down it\u2019s number of stocks from 41 to 37.<\/p>\n\n\n\n

In terms of performance, only two funds underperformed the benchmark last month. Although for the one-year performance that number goes up to five.<\/p>\n\n\n\n

Market Cap Allocation<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n

There is a bit of a shuffle between Large Cap and Mid Cap allocations in SBI, ABSL and UTI to the tune of 2-4{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. But, some of it can be attributed to the reclassification that we see.<\/p>\n\n\n\n

Axis remains the only fund with a sub-90{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} equity exposure.<\/p>\n\n\n\n

Top 5 sectors<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n
\"\"
Sector ranking colour code<\/figcaption><\/figure>\n\n\n\n

This month, Large Cap funds are doing what they are supposed to \u2013 being boring.<\/p>\n\n\n\n

With a new 0.40{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in Mahindra & Mahindra and an almost 0.50{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} increase in the Maruti Suzuki allocation, Autos is the fifth largest sector for Canara Robeco, replacing Finance.<\/p>\n\n\n\n

Top 10 stocks & Movements<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n
\"\"
Stock ranking colour code<\/figcaption><\/figure>\n\n\n\n

Axis sees Maruti Suzuki holding increase to almost 3x, reaching 1.55{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. The fund is tentatively reaching out to HUL again with a 0.10{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} new allocation, having exited the stock in November 2021. The trimming means five tiny positions have been exited out of \u2013 Tata Motors (0.21{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), LIC (0.21{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Tata Steel (0.18{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Hindalco (0.12{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Bharti Airtel (0.08{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}).<\/p>\n\n\n\n

SBI has made two small exits \u2013 Nestle India (0.26{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Power Grid (0.18{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}).<\/p>\n\n\n\n

ICICI exited it\u2019s 0.03{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in Ashok Leyland. They also seem to be experimenting with some new stocks in the tail \u2013 Muthoot Finance (0.11{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Divi\u2019s Laboratories (0.05{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Mannapuram Finance (0.02{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Gillette India (0.01{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}).<\/p>\n\n\n\n

ABSL has exited a wee 0.09{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in Wipro which was anyway there for a mere two months.<\/p>\n\n\n\n

HDFC has one noticeable movement \u2013 exit from a 0.29{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in NHPC.<\/p>\n\n\n\n

Nippon can\u2019t seem to make up it\u2019s mind about DFL. The stock found a place in the portfolio from February to April in the range of going to 0.16{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} to 0.04{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. May it spent on the bench and June, it\u2019s back in the portfolio with a 0.44{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position. Three stocks find themselves out \u2013 ACC (0.40{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) which had just made it\u2019s way in April, Bharti Airtel (0.39{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and BEML (0.08{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}).<\/p>\n\n\n\n

After a three month hiatus, Mahindra & Mahindra is back in the Canara Robeco portfolio with a 0.40{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} new position.<\/p>\n\n\n\n

Franklin has some noteworthy changes. L&T gets a trim of 1.49{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} to land at 1.05{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} while Zomato has dropped by 1.03{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} to go to 0.95{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. On the other hand, HUL is beefed up by 0.88{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} (to reach 2.02{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and TCS is up by 1.16{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} (settling in at 4.13{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). It has also exited 0.98{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in United Spirits. This is another fund where LIC (0.14{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). finds itself there only in the post-listing and out this month. There\u2019s also a brand new 0.32{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in Coforge.<\/p>\n\n\n\n

Check out the other categories and what the funds there were up to:<\/p>\n\n\n\n

Flexi Cap Funds \u2013 June 2022<\/a><\/p>\n\n\n\n

Multi Cap Funds \u2013 June 2022<\/a><\/p>\n\n\n\n

Large & Mid Cap Funds \u2013 June 2022<\/a><\/p>\n\n\n\n

Mid Cap Funds \u2013 June 2022<\/a><\/p>\n\n\n\n

Small Cap Funds \u2013 June 2022<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Before I start off on any analysis in this segment, even at the cost of a repetitive bore I will put forth this disclaimer. All fund schemes are taken as direct. However, even if you are a direct investor, hire a financial advisor that you trust who can guide with investments. Pay for your advice. Fund category definition: Funds with minimum 80{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} portfolio allocation to Large Cap (top 100 by market cap size) stocks Benchmark: BSE 100 TRI or Nifty 100 TRI with latter changing by -4.86{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} in June 2022 and giving a 1-year return of 1.08{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} Data as on: 30th June, 2022 Summary In terms of AUM ranking, HDFC Top 100 has just about inched up ahead of Aditya Birla Frontline Equity to make it to the top 5 funds by AUM. Three funds have slight changes in expense ratios \u2013 Axis has increased by 4 bps to go up to 0.52{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}, UTI Mastershare has reduced by 7 bps to come down to 1.03{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} while Canara Robeco has increased by 4 bps to go up to 0.38{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. Axis seems to have had a bit of a trim bringing down it\u2019s number of stocks from 41 to 37. In terms of performance, only two funds underperformed the benchmark last month. Although for the one-year performance that number goes up to five. Market Cap Allocation There is a bit of a shuffle between Large Cap and Mid Cap allocations in SBI, ABSL and UTI to the tune of 2-4{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. But, some of it can be attributed to the reclassification that we see. Axis remains the only fund with a sub-90{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} equity exposure. Top 5 sectors This month, Large Cap funds are doing what they are supposed to \u2013 being boring. With a new 0.40{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in Mahindra & Mahindra and an almost 0.50{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} increase in the Maruti Suzuki allocation, Autos is the fifth largest sector for Canara Robeco, replacing Finance. Top 10 stocks & Movements Axis sees Maruti Suzuki holding increase to almost 3x, reaching 1.55{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. The fund is tentatively reaching out to HUL again with a 0.10{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} new allocation, having exited the stock in November 2021. The trimming means five tiny positions have been exited out of \u2013 Tata Motors (0.21{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), LIC (0.21{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Tata Steel (0.18{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Hindalco (0.12{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Bharti Airtel (0.08{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). SBI has made two small exits \u2013 Nestle India (0.26{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Power Grid (0.18{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). ICICI exited it\u2019s 0.03{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in Ashok Leyland. They also seem to be experimenting with some new stocks in the tail \u2013 Muthoot Finance (0.11{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Divi\u2019s Laboratories (0.05{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Mannapuram Finance (0.02{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Gillette India (0.01{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). ABSL has exited a wee 0.09{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in Wipro which was anyway there for a mere two months. HDFC has one noticeable movement \u2013 exit from a 0.29{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in NHPC. Nippon can\u2019t seem to make up it\u2019s mind about DFL. The stock found a place in the portfolio from February to April in the range of going to 0.16{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} to 0.04{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. May it spent on the bench and June, it\u2019s back in the portfolio with a 0.44{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position. Three stocks find themselves out \u2013 ACC (0.40{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) which had just made it\u2019s way in April, Bharti Airtel (0.39{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and BEML (0.08{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). After a three month hiatus, Mahindra & Mahindra is back in the Canara Robeco portfolio with a 0.40{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} new position. Franklin has some noteworthy changes. L&T gets a trim of 1.49{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} to land at 1.05{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} while Zomato has dropped by 1.03{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} to go to 0.95{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. On the other hand, HUL is beefed up by 0.88{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} (to reach 2.02{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and TCS is up by 1.16{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} (settling in at 4.13{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). It has also exited 0.98{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in United Spirits. This is another fund where LIC (0.14{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). finds itself there only in the post-listing and out this month. There\u2019s also a brand new 0.32{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in Coforge. Check out the other categories and what the funds there were up to: Flexi Cap Funds \u2013 June 2022 Multi Cap Funds \u2013 June 2022 Large & Mid Cap Funds \u2013 June 2022 Mid Cap Funds \u2013 June 2022 Small Cap Funds \u2013 June 2022<\/p>\n","protected":false},"author":1,"featured_media":947,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[554],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/posts\/946"}],"collection":[{"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/comments?post=946"}],"version-history":[{"count":8,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/posts\/946\/revisions"}],"predecessor-version":[{"id":2533,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/posts\/946\/revisions\/2533"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/media\/947"}],"wp:attachment":[{"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/media?parent=946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/categories?post=946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/tags?post=946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}