ICICI Prudential Multi-Asset Fund has secured the top position among large-cap mutual funds, while HDFC Mutual Fund demonstrated strong performance by leading both the Equity Linked Savings Scheme (ELSS) and flexi-cap categories in the Centre for Research in Social Progress (CRISP) scorecard for the first quarter of 2026.
ICICI Prudential Leads Large-Cap Funds
The latest CRISP scorecard, which evaluates mutual funds based on a comprehensive methodology, highlighted ICICI Prudential Multi-Asset Fund as the premier choice in the large-cap segment. This fund's strong risk-adjusted returns and efficient management contributed to its leading performance, offering a compelling option for investors seeking stability and growth in large-cap equities.
HDFC Dominates ELSS and Flexi-Cap Categories
HDFC Mutual Fund showcased exceptional performance across multiple categories. The HDFC ELSS TaxSaver Fund was ranked highest in the ELSS category, making it an attractive option for investors looking for tax benefits alongside equity exposure. Simultaneously, the HDFC Flexi Cap Fund topped its respective category, underscoring its ability to adapt to varying market conditions and deliver consistent returns by investing across market capitalizations.
Key Performers Across Other Segments
Beyond the top two, several other funds received high ratings in the Q1 2026 CRISP assessment. These included:
- Quant Small Cap Fund: Noted for its strong performance within the small-cap segment.
- Parag Parikh Flexi Cap Fund: Another strong contender in the flexible capitalization space.
- SBI Contra Fund: Recognized for its contrarian investment strategy yielding positive results.
CRISP Methodology Explained
The Centre for Research in Social Progress (CRISP) employs a rigorous methodology to assess mutual fund performance. Their scorecard considers a variety of crucial factors, ensuring a holistic evaluation. These factors include:
- Risk-Adjusted Returns: Evaluating returns relative to the risk taken.
- Expense Ratios: Analyzing the cost-efficiency of the fund.
- Fund Manager Experience: Assessing the expertise and track record of the fund management team.
- Assets Under Management (AUM): Considering the fund's size and investor confidence.
These detailed metrics provide investors with a clear and objective view of fund performance, aiding in informed decision-making for their investment portfolios.