Continuing our discussion in this very interesting category which targets both the Large and Mid cap section of the market. This category is interesting since it gives much more space for fund managers beyond 100 Large cap stocks, to invest into further 150 stocks which might have potential to give results. Since Last discussion which you can read here (https://wealthinn.in/which-large-and-midcap-fund-to-choose/) Fund Name Year Of inception Fund rating ( Crisil rated ) Portfolio Size ( In Cr ) Expense ratio PE Exit Load Benchmark UTI Large & Mid Cap Fund (G) 1993 4 4,992.97 1.91 18.91 1.00% – 0-1 years 0.00% – >1 years NIFTY Large Midcap 250 TRI HDFC Large And Mid Cap Fund Reg (G) 1994 3 26,157.98 1.65 20.77 1.00% – 0-1 years 0.00% – >1 years NIFTY Large Midcap 250 TRI ICICI Pru Large & Mid Cap Fund Reg (G) 1998 5 24,424.21 1.69 23.96 1.00% – 0-1 months 0.00% – >1 months NIFTY Large Midcap 250 TRI Canara Robeco Emerging equities Reg (G) 2005 3 25,511.33 1.6 32.20 1.00% – 0-1 years 0.00% – >1 years NIFTY Large Midcap 250 TRI Bandhan Core Equity Fund Reg (G) 2005 4 10,817.9 1.72 20.96 If <365 Days: • Upto 10% of investment:Nil, • For remaining investment: 1% of applicable NAV. if>365 Days: Nil NIFTY Large Midcap 250 TRI Quant Large and Mid Cap Fund (G) 2006 1 3,48801 cr 1.91 22.03 1.00% – 0-15 days 0.00% – >15 days NIFTY Large Midcap 250 TRI Invesco India Large & Mid Cap Fund (G) 2007 5 8,124.55 1.77 36.35 If <365 Days: • Upto 10% of investment:Nil, • For remaining investment: 1% of applicable NAV. if>365 Days: Nil NIFTY Large Midcap 250 TRI Mirae Asset Large & Midcap Fund Reg (G) 2010 2 40,821.9 1.53 20.78 1.00% – 0-365 days 0.00% – >365 days SWP  15% of the units with 365days : Nil > 15% of units within 365 days 1% NIFTY Large Midcap 250 TRI PGIM India Large and Mid Cap Fund Reg (G) 2024 – 741.09 cr 2.29 31.51 <90 days- 0.5% >90 days: Nil NIFTY Large Midcap 250 TRI Motilal Oswal Large and Midcap Fund Reg (G) 2019 5 13,777.98 1.69 43.73 1.00% – 0-1 years 0.00% – >1 years NIFTY Large Midcap 250 TRI UTI Large & Mid Cap Fund (G): One of the oldest funds in the category launched in 1993, with CRISIL rated at 4 star, rating maintained from last time, fund size of 4,992.97 cr. The fund has a high expense ratio of 1.91. Fund PE of 18.91. Exit load of 1 year 1%. HDFC Large And Mid Cap Fund Reg (G): The fund was launched in the year 1994, a very old fund in the category, CRISIL rated as 3 star, last time it was 4 star rated. Fund size of 26,157.98 Cr, fund size has increased. The expense ratio of 1.65. With PE of 20.77. Exit load of 1 year 1%. ICICI Pru Large & Mid Cap Fund Reg (G): This fund was launched in the year 1998, CRISIL rated as 5 star, rating improved from 4 star, fund size of 24,424 cr. Expenses ratio of 1.69. PE of the fund is 23.96. Exit load of 1 year 1% Canara Robeco Emerging equities Reg (G): The fund was launched in 2005, CRISIL rated at 3 star, rating improved from 2 star, fund size of 25,511.33. Expense ratio of 1.60. P of 32.20. Exit load of 1 year 1 %. Bandhan Core Equity Fund Reg (G): The fund was launched in the year 2005, CRISIL rated at 4 star, the fund rating has dropped from 5 star in last discussion, fund size of 10,817.9 cr, huge jump in the fund size. Expense ratio 1.72. PE of fund 20.96. Exit load : 365 days less than 10% of units upto : nil , for remaining units 1%. For > 365 days nil. Quant Large and Mid Cap Fund (G): The fund was launched in the year 2006, Rated 1 star by CRISIL, rating had fallen from 3 star in last discussion. The fund size currently at 3,488.01 cr, has fallen from last time of 3709 cr. The expense ratio of 1.91. PE of the fund is 22.03. Exit load is 1% for 15 days. Invesco India Large & Mid Cap Fund (G): The fund was launched in the year 2007, rated 5 star by CRISIL, the fund has maintained its rating at 5 star. The size is 8,124.55 cr increased from 6,149 cr last time. Expense ratio 1.77. PE of the fund is 36.35. Exit load : 365 days less than 10% of units upto : nil , for remaining units 1%. For > 365 days nil. Mirae Asset Large & Midcap Fund Reg (G): The fund was launched in 2010, Current CRISIL 2 star rated, rating has improved from last time of 1 star. The fund has the biggest portfolio size at 40,821.9 cr as compared to 38,166 cr. Expense ratio of 1.53. PE of the fund is 20.78. Exit load 1% for 365 days . SWP 15% of units with 365 days 1% , greater than 365 days nil PGIM India Large and Mid Cap Fund Reg (G): This fund replaces the HSBC Large and mid cap fund, in the last discussion. It was a very new launch in the year 2024. With a small portfolio size of 741.09 cr. PE of the fund is 31.51. High expense ratio of 2.29. Exit load .5% for less than 90 days. Nil for more than 90 days. Motilal Oswal Large and Midcap Fund Reg (G): This fund was launched in the year 2019, Currently 5 star rated by CRISIL,this fund has also maintained its rating from the last discussion. The AUM of the fund is 13,777.98 Cr as compared to 6,840 cr, The fund doubled the AUM in about 7-8 months. The Expense ratio of the fund is 1.69. The fund has a high PE of 43.73.Exit load of 1% for less
The Union Budget 2024 ushered in significant changes to the taxation of capital gains in India. These modifications have far-reaching implications for investors across various asset classes. Let’s delve into the key alterations: Harmonisation of Long-Term Capital Gains (LTCG) Tax Rate Uniform rate:The most prominent change is the introduction of a uniform LTCG tax rate of 12.5% for all asset classes, including property, gold, and equity. Previously, these assets had different tax rates No indexation benefit:The government has eliminated the indexation benefit, a provision that allowed taxpayers to adjust the purchase price of an asset for inflation. This means higher taxable gains. What were the major the major announcements Short term gains on certain financial assets shall henceforth attract a tax rate of 20 per cent, while that on all other financial assets and all non-financial assets shall continue to attract the applicable tax rate. Long term gains on all financial and non-financial assets, on the other hand, will attract a tax rate of 12.5 per cent. For the benefit of the lower and middle-income classes, I propose to increase the limit of exemption of capital gains on certain financial assets to ₹ 1.25 lakh per year. Listed financial assets held for more than a year will be classified as long term, while unlisted financial assets and all non-financial assets will have to be held for at least two years to be classified as long-term. Unlisted bonds and debentures, debt mutual funds and market linked debentures, irrespective of holding period, however, will attract tax on capital gains at applicable rates. ( Refer : https://www.indiabudget.gov.in/) Impact on Different Asset Classes Property: While the LTCG tax rate has reduced from 20% to 12.5%, the removal of indexation might offset this benefit, especially for older properties. Gold: Similar to property, the lower tax rate is counterbalanced by the absence of indexation. Equity: While the LTCG tax rate has increased from 10% to 12.5%, the exemption limit has been raised from Rs. 1 lakh to Rs. 1.25 lakh. Short-Term Capital Gains (STCG) Tax Higher rate: The STCG tax rate on equity-related investments has been increased from 15% to 20%. Asset Class Holding Period STCG LTCG Shares/ Equity (Listed) 12 months 20% 12.5% Equity MF 12 Months 20% 12.5% Bonds ( Listed ) 12 Months 20% 12.5% REITs/ InVITs 12 Months 20% 12.5% Silver/ Gold ETF 12 Months Slab 12.5% Gold Funds 24 Months Slab 12.5% Stock( Unlisted ) 24 Months Slab 12.5% Foreign Shares 24 Months Slab 12.5% Overseas Equity Fund 24 Months Slab 12.5% Gold 24 Months Slab 12.5% Real Estate 24 Months Slab 12.5% Debt MF/ MLD NA Slab Slab Debt ETF NA Slab Slab Bonds ( Unlisted) NA Slab Slab Key Takeaways Simplification: The new regime aims to simplify the tax structure for capital gains. Higher tax burden: For many investors, especially those with older assets, the overall tax burden might increase due to the removal of indexation. Strategic planning: Investors need to carefully evaluate the impact of these changes on their portfolios and investment strategies. Conclusion The changes in capital gains tax introduced in Budget 2024 mark a significant departure from the existing tax regime. While the intent might be to simplify the tax structure, the practical implications for investors are complex. It is crucial to consult with a tax professional to understand the full ramifications of these changes on your personal financial situation. You can reach us to help you design the bets fund portfolio , so that you get best results according to your need and assessment.( you can reach us : https://wa.me/message/LC5W5ZNTPSJ5L1) Do set you asset allocation and understand which fund would suit you the best Asset allocation: Guideline for investment
Fund Name Year Of inception Fund rating ( Crisil rated ) Portfolio Size ( In Cr ) Expense ratio PE Exit Load UTI Large & Mid Cap Fund (G) 1993 4 3,976 1.96 18.91 1.00% – 0-1 years 0.00% – >1 years HDFC Large And Mid Cap Fund Reg (G) 1994 4 23,485 1.66 19.68 1.00% – 0-1 years 0.00% – >1 years ICICI Pru Large & Mid Cap Fund Reg (G) 1998 4 17,120 1.69 24.82 1.00% – 0-1 months 0.00% – >1 months Canara Robeco Emerging equities Reg (G) 2005 2 24,108 1.59 33.76 1.00% – 0-1 years 0.00% – >1 years Bandhan Core Equity Fund Reg (G) 2005 5 6,917 1.79 24.75 Exit Load 1.00% – 0-365 days 0.00% – >365 days Quant Large and Mid Cap Fund (G) 2006 3 3,709 1.87 23.84 1.00% – 0-15 days 0.00% – >15 days Invesco India Large & Mid Cap Fund (G) 2007 5 6,149 1.8 32.63 1.00% – 0-1 years 0.00% – >1 years Mirae Asset Large & Midcap Fund Reg (G) 2010 1 38,166 1.51 17.36 1.00% – 0-365 days 0.00% – >365 days HSBC Large & Mid Cap Fund (G) 2019 3 3,609 1.93 38.91 1.00% – 0-1 years 0.00% – >1 years Motilal Oswal Large and Midcap Fund Reg (G) 2019 5 6,840 1.78 49.1 1.00% – 0-1 years 0.00% – >1 years UTI Large & Mid Cap Fund (G): This one of the oldest funds in the list started in 1993, CRISIL has rated the fund 4 star. The fund is not very large given its vintage, just 3976 cr. Expense ratio of 1.96 and PE of 18.91. And exit load of 1 year 1%. HDFC Large And Mid Cap Fund Reg (G): The fund was launched in 1994, one of earliest funds in the industry, With 4 star CRISIL rated, A decent fund size of 23,485 cr. Expense ratio of 1.66. PE of 19.68. The load on the fund is 1% for 1 year. ICICI Pru Large & Mid Cap Fund Reg (G): The fund was launched in the year 1998, Currency rated as 4 star. The fund size of 17,120 cr. Expense ratio of 1.69. The fund has a high PE of 24.82. The exit load of 1% for 1 month. Canara Robeco Emerging equities Reg (G): This fund was launched in 2005, Currently rated as 2 star, It has a good fund size of 24,108 cr second highest fund size in the funds under discussion. The fund has a PE of 33.76.The fund is 1.00 % for 1 year. Expense ratio of the fund is 1.59. Bandhan Core Equity Fund Reg (G): The fund was launched in 2005, it is currently CRISIL rated 5 star, though the fund size is not large, just about 6,917 cr. The Expense ratio is 1.79. The fund has PE of 24.75. Exit ad if 1% for 1 years. Quant Large and Mid Cap Fund (G): The fund was launched in the year 2006, currently rated 3 star by CRISIL. The fund size is not big with about 3,709 cr . The expense ratio for the fund is 1.87. PE of the fund is 23.84. The fund has an exit load of 15 days for 1%. Invesco India Large & Mid Cap Fund (G): The fund was launched in the year 2007, Currently rated as 5 star by CRISIL. Not a very big fund size at 6,149 cr. The expense ratio of the fund is 1.8. The fund has a high PE of 32.63. The exit load of the fund is 1% for 1 year. Mirae Asset Large & Midcap Fund Reg (G): The fund was launched in the year 2010, it has the highest AUM among the funds under discussion of 38,166 cr. The fund is rated as 1 star by CRISIL. The expense ratio of the fund is 1.51. The PE of the fund is 17.36. Exit load of the fund is 1% for 1 year. HSBC Large & Mid Cap Fund (G): The fund was launched in 2019, not a big fund size of 3,609 cr. The fund is rated as 3 star by CRISIL. The expense ratio of the fund is 1.93. The PE of the fund is 38.91. Exit ratio of the fund is 1 % for 1 year. Motilal Oswal Large and Midcap Fund Reg (G): The fund was launched in the year 2019, rated as 5 star by CRISIL. The fund size is 6,840 cr. The fund has an expense ratio of 1.78 and PE of 49.1. The exit ratio of 1% for 1 year. Trailing Returns : Scheme 1 Year 2 Year 3 Year 5 Year 7 Year 10 Year 15 Year UTI Large & Mid Cap Fund (G) 36.16 31.07 22.14 24.62 16.11 14.34 13.61 HDFC Large And Mid Cap Fund Reg (G) 27.51 28.34 21.7 24.41 17.28 14.23 12.66 ICICI Pru Large & Mid Cap Fund Reg (G) 28.86 26.36 21.53 24.09 16.57 14.88 14.82 Canara Robeco Emerging equities Reg (G) 33.9 25.16 16.96 22.43 15.78 16.94 19.78 Bandhan Core Equity Fund Reg (G) 37.73 32.56 24.58 24.42 16.78 16 13.67 Quant Large and Mid Cap Fund (G) 27.52 24.29 20.69 26.06 17.45 18.53 16.66 Invesco India Large & Mid Cap Fund (G) 44.75 33.65 23.16 22.2 17.32 16.1 15.54 Mirae Asset Large & Midcap Fund Reg (G) 24.95 23.14 15.29 21.75 16.78 18.63 – HSBC Large & Mid Cap Fund (G) 45.03 33.73 21.59 22.76 14.91 14.5 15.1 Motilal Oswal Large and Midcap Fund Reg (G) 49.4 40.64 27.25 27.03 – – – 1 year trailing 1st quartile : 43-50%- Invesco India Large & Mid Cap Fund (G), HSBC Large & Mid Cap Fund (G), Motilal Oswal Large and Midcap Fund Reg (G) 2rd quartile : 36-43%-UTI Large & Mid Cap Fund (G) 3rth quartile : 29- 36%-Canara Robeco Emerging equities Reg (G), Bandhan Core Equity Fund Reg (G) 4th quartile : 22-29 %-HDFC Large And Mid Cap Fund Reg (G), ICICI Pru Large