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Best Large Cap Mutual Funds

Large-capitalization funds are the type of equity funds that invest a big proportion of their assets under management in equity shares of companies that have a large market capitalization. Along with that, large cap companies are the ones known to have a strong reputation in the market. A list of the best large cap funds is given below.

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List of Large Cap Mutual Funds in India

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Nippon India Large Cap Fund
EquityVery High42.7%5₹24,378
ICICI Prudential Bluechip Fund
EquityVery High38.2%5₹53,505
JM Large Cap Fund
EquityVery High43.3%5₹118
IDBI India Top 100 Equity Fund
EquityVery High18.4%4₹654
HDFC Top 100 Fund
EquityVery High35.9%4₹32,355
Invesco India Largecap Fund
EquityVery High39.5%4₹985
Baroda BNP Paribas Large Cap Fund
EquityVery High38.8%4₹1,863
Edelweiss Large Cap Fund
EquityVery High33.7%4₹828
Tata Large Cap Fund
EquityVery High33.7%4₹2,019
Mahindra Manulife Large Cap Fund
EquityModerately High33.1%4₹421
Bandhan Large Cap Fund
EquityVery High35.7%4₹1,380
Kotak Bluechip Fund
EquityVery High30.3%4₹7,901
Sundaram Large Cap Fund
EquityVery High29.5%4₹3,420
Canara Robeco Bluechip Equity Fund
EquityVery High30.8%4₹12,577
SBI Bluechip Fund
EquityVery High25.8%4₹44,819
View All

Who Should Invest in Large Cap Funds?

Before finding the best large cap mutual funds for your portfolio and investing in them, consider if you are-

  1. Low-Risk Profile Investor: The underlying companies of large cap mutual funds are large capitalization companies that are already well-established and provide stable returns. This ensures the fund will not undergo sudden highs and lows and offer stable returns over time. Therefore, it is most suitable for investors with a low-risk appetite. 
  1. New Mutual Fund Investor: It is suitable for investors who are new to the mutual fund investment environment since they have a low-risk portfolio when compared to other equity mutual funds and ensure investors can benefit from the investment more even without expertise. 
  2. Long-Term Investor: large cap mutual funds are known to perform well over a long period of time. Given that there are minimal risks, and it is not completely risk-free, these funds are known to face short-term market fluctuations. Therefore, it is advised to stay invested in these funds for the long term.

If you are investing lumpsum in mutual funds and looking forward to estimating your returns, simply use lumpsum calculator. It is a convenient tool that can assist you in generating your prospective returns.

Factors to Consider When Investing in Large Cap Mutual Funds

While finding the best large cap mutual funds to invest in 2024, there are certain factors you would have to consider, and they are:

  1. Moderate Returns in Comparison to Small or Mid-Cap Funds

The returns from large-cap funds are quite moderate when it is kept in comparison to small-cap or mid-cap mutual funds. This is because the underlying companies of large-cap funds are well-established and over the maturity phase. This leads them to provide stable returns but not high returns necessarily.

  1. Large Cap Funds are Prone to Fluctuations too

Although the risks associated with large cap mutual funds are low, they still carry a certain amount of risks. It has risks similar to equity mutual funds. 

  1. Long Term Investment

Large cap mutual funds are known to provide good returns only in the long term. Therefore, these funds will be most suitable only to the investors who seek to stay invested for the long term.

Major Advantages

Investors can reap the following benefits by allocating their savings to the best large-cap mutual funds in India: 

  • Low-risk factor: Large-cap funds are associated with lower risk level when compared to other types of equity funds. 
  • Highly liquid: Large-cap fund units are easily redeemable anytime after the purchase. The investment is also partially withdrawable. 
  • Investment options: One can invest in large-cap MFs in any of the two ways – SIP and lump-sum. The decision rests with the investor. 
  • Offers stability: Large-cap companies are usually well-positioned to resist economic downturn. Hence, they provide stability to investors.  
  • Steady capital appreciation: Those companies have sound operations, a prudent business model, and a proven track record of consistent revenue generation. 

Sectoral diversification: This type of MF scheme invests in blue-chip companies across various sectors, thus, diversifying the portfolio of investors.

Risks Involved While Investing in Large Cap Mutual Funds

The risks associated with large-cap funds are:

  1. Market Risks

There is the risk of poor market performance, and it can take place because of internal and external influences like geo-politics and economic factors. These kinds of risks are inevitable because market factors cannot be estimated.

  1. Liquidity Risks

Liquidity risk is where the fund manager may have to sell securities because they were unable to make profits because of a shortage of buyers. When there is liquidity risk, it is hard to liquidate the fund, and you will have to stay invested.

  1. Interest Rate Risks

Rising interest rates can cause securities prices to fall in the other way. These interest rates are determined by the issuer's credit availability and market demand.

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.

Let's have a closer look

Now let us jump and check about these top 15 mutual fund schemes.

Nippon India Large Cap Fund Direct Growth

Fund Performance: The Nippon India Large Cap Fund has given 26.32% annualized returns in the past three years and 17.9% in the last 5 years. The Nippon India Large Cap Fund comes under the Equity category of Nippon India Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Nippon India Large Cap Fund via lump sum is ₹100 and via SIP is ₹100.

Min Investment Amt₹100
AUM₹24,378Cr
1Y Returns42.7%

ICICI Prudential Bluechip Fund Direct Growth

Fund Performance: The ICICI Prudential Bluechip Fund has given 22.06% annualized returns in the past three years and 18.01% in the last 5 years. The ICICI Prudential Bluechip Fund comes under the Equity category of ICICI Prudential Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Bluechip Fund via lump sum is ₹100 and via SIP is ₹100.

Min Investment Amt₹100
AUM₹53,505Cr
1Y Returns38.2%

JM Large Cap Fund Direct Plan Growth

Fund Performance: The JM Large Cap Fund has given 21.15% annualized returns in the past three years and 17.56% in the last 5 years. The JM Large Cap Fund comes under the Equity category of JM Financial Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in JM Large Cap Fund via lump sum is ₹1,000 and via SIP is ₹100.

Min Investment Amt₹1,000
AUM₹118Cr
1Y Returns43.3%

IDBI India Top 100 Equity Fund Direct Growth

Fund Performance: The IDBI India Top 100 Equity Fund has given 23.69% annualized returns in the past three years and 13.98% in the last 5 years. The IDBI India Top 100 Equity Fund comes under the Equity category of IDBI Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in IDBI India Top 100 Equity Fund via lump sum is ₹5,000 and via SIP is ₹500.

Min Investment Amt₹5,000
AUM₹654Cr
1Y Returns18.4%

HDFC Top 100 Fund Direct Plan Growth

Fund Performance: The HDFC Top 100 Fund has given 22.36% annualized returns in the past three years and 15.88% in the last 5 years. The HDFC Top 100 Fund comes under the Equity category of HDFC Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in HDFC Top 100 Fund via lump sum is ₹100 and via SIP is ₹100.

Min Investment Amt₹100
AUM₹32,355Cr
1Y Returns35.9%

Invesco India Largecap Fund Direct Growth

Fund Performance: The Invesco India Largecap Fund has given 20.97% annualized returns in the past three years and 16.95% in the last 5 years. The Invesco India Largecap Fund comes under the Equity category of Invesco Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Invesco India Largecap Fund via lump sum is ₹1,000 and via SIP is ₹100.

Min Investment Amt₹1,000
AUM₹985Cr
1Y Returns39.5%

Baroda BNP Paribas Large Cap Fund Direct Growth

Fund Performance: The Baroda BNP Paribas Large Cap Fund has given 20.36% annualized returns in the past three years and 18.72% in the last 5 years. The Baroda BNP Paribas Large Cap Fund comes under the Equity category of BNP Paribas Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Baroda BNP Paribas Large Cap Fund via lump sum is ₹5,000 and via SIP is ₹500.

Min Investment Amt₹5,000
AUM₹1,863Cr
1Y Returns38.8%

Edelweiss Large Cap Fund Direct Growth

Fund Performance: The Edelweiss Large Cap Fund has given 19.48% annualized returns in the past three years and 17.55% in the last 5 years. The Edelweiss Large Cap Fund comes under the Equity category of Edelweiss Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Edelweiss Large Cap Fund via lump sum is ₹100 and via SIP is ₹100.

Min Investment Amt₹100
AUM₹828Cr
1Y Returns33.7%

Tata Large Cap Direct Plan Growth

Fund Performance: The Tata Large Cap Fund has given 19.28% annualized returns in the past three years and 16.29% in the last 5 years. The Tata Large Cap Fund comes under the Equity category of Tata Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Tata Large Cap Fund via lump sum is ₹5,000 and via SIP is ₹100.

Min Investment Amt₹5,000
AUM₹2,019Cr
1Y Returns33.7%

Mahindra Manulife Large Cap Fund Direct Growth

Fund Performance: The Mahindra Manulife Large Cap Fund has given 18.41% annualized returns in the past three years and 16.67% in the last 5 years. The Mahindra Manulife Large Cap Fund comes under the Equity category of Mahindra Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Mahindra Manulife Large Cap Fund via lump sum is ₹1,000 and via SIP is ₹500.

Min Investment Amt₹1,000
AUM₹421Cr
1Y Returns33.1%

Bandhan Large Cap Fund Direct Growth

Fund Performance: The Bandhan Large Cap Fund has given 18.37% annualized returns in the past three years and 16.42% in the last 5 years. The Bandhan Large Cap Fund comes under the Equity category of IDFC Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Bandhan Large Cap Fund via lump sum is ₹1,000 and via SIP is ₹100.

Min Investment Amt₹1,000
AUM₹1,380Cr
1Y Returns35.7%

Kotak Bluechip Fund Direct Growth

Fund Performance: The Kotak Bluechip Fund has given 17.78% annualized returns in the past three years and 16.99% in the last 5 years. The Kotak Bluechip Fund comes under the Equity category of Kotak Mahindra Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Kotak Bluechip Fund via lump sum is ₹100 and via SIP is ₹100.

Min Investment Amt₹100
AUM₹7,901Cr
1Y Returns30.3%

Sundaram Large Cap Fund Direct Growth

Fund Performance: The Sundaram Large Cap Fund has given 17.49% annualized returns in the past three years and 15.56% in the last 5 years. The Sundaram Large Cap Fund comes under the Equity category of Sundaram Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Sundaram Large Cap Fund via lump sum is ₹100 and via SIP is ₹100.

Min Investment Amt₹100
AUM₹3,420Cr
1Y Returns29.5%

Canara Robeco Bluechip Equity Fund Direct Growth

Fund Performance: The Canara Robeco Bluechip Equity Fund has given 17.06% annualized returns in the past three years and 18.22% in the last 5 years. The Canara Robeco Bluechip Equity Fund comes under the Equity category of Canara Robeco Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Canara Robeco Bluechip Equity Fund via lump sum is ₹5,000 and via SIP is ₹100.

Min Investment Amt₹5,000
AUM₹12,577Cr
1Y Returns30.8%

SBI Bluechip Direct Plan Growth

Fund Performance: The SBI Bluechip Fund has given 16.52% annualized returns in the past three years and 15.79% in the last 5 years. The SBI Bluechip Fund comes under the Equity category of SBI Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in SBI Bluechip Fund via lump sum is ₹5,000 and via SIP is ₹500.

Min Investment Amt₹5,000
AUM₹44,819Cr
1Y Returns25.8%

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