New Delhi, Sept. 21 -- Active large-cap mutual funds have had a difficult year. The category average return stands at -3.09% over the past one year, with only four of the 33 funds in the category delivering positive returns. For investors who expected large-cap funds to provide relatively stable equity exposure, the latest numbers make for a disappointing one-year snapshot.

Quant Large Cap Fund topped the category with a 5.68% return, followed by Taurus Large Cap Fund at 5.13%. Bank of India Large Cap Fund and Invesco India Large Cap Fund were the only other schemes to remain in positive territory, with returns of 2.84% and 1.30%, respectively.

The remaining 29 funds posted negative returns. That means an investor looking only at the pa...