New Delhi, Sept. 22 -- Large & mid-cap mutual funds have delivered almost no return on average over the past year, with the category average standing at just 0.04%. However, the headline average masks a wide gap in performance across individual schemes.

Only five of the 32 funds in the category delivered returns of more than 7% over the past one year. HSBC Large and Mid Cap Fund topped the list with a 9.15% return, followed by Quant Large and Mid Cap Fund at 8.74%. Motilal Oswal Large and Midcap Fund, Sundaram Large and Mid Cap Fund and Invesco India Large & Mid Cap Fund were the other three schemes to cross the 7% mark.

At the other end, seven funds delivered negative returns over the same period, with Samco Large & Mid Cap Fund declin...