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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)
ICICI Prudential BHARAT 22 FOF Fund
EquityVery High24.4%5₹2,183
Nippon India Large Cap Fund
EquityVery High23.1%5₹34,432
Quant Focused Fund
EquityVery High18.6%5₹1,183
ICICI Prudential Bluechip Fund
EquityVery High21.1%5₹66,206
JM Large Cap Fund
EquityVery High21.4%5₹429
IDBI India Top 100 Equity Fund
EquityVery High18.4%4₹654
Kotak Nifty Next 50 Index Fund
EquityVery High35.4%4₹359
DSP Nifty Next 50 Index Fund
EquityModerately High35.4%4₹844
Nippon India Nifty Next 50 Junior BeES FoF Fund
EquityModerately High35.4%4₹524
Motilal Oswal Nifty Next 50 Index Fund
EquityVery High35.3%4₹309
SBI Nifty Next 50 Index Fund
EquityVery High35.4%4₹1,415
UTI Nifty Next 50 Index Fund
EquityVery High35.4%4₹4,973
UTI Nifty200 Momentum 30 Index Fund
EquityVery High25.9%4₹8,449
Baroda BNP Paribas Large Cap Fund
EquityVery High25.2%4₹2,439
HDFC Top 100 Fund
EquityVery High14.8%4₹38,683
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.

ICICI Prudential BHARAT 22 FOF Direct Growth

Fund Performance: The ICICI Prudential BHARAT 22 FOF Fund has given 35.66% annualized returns in the past three years and 25.54% in the last 5 years. The ICICI Prudential BHARAT 22 FOF Fund comes under the Equity category of ICICI Prudential Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential BHARAT 22 FOF Fund via lump sum is ₹5,000 and via SIP is ₹1,000.

Min Investment Amt₹5,000
AUM₹2,183Cr
1Y Returns24.4%

Nippon India Large Cap Fund Direct Growth

Fund Performance: The Nippon India Large Cap Fund has given 23.04% annualized returns in the past three years and 20.32% 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₹34,432Cr
1Y Returns23.1%

Quant Focused Fund Direct Growth

Fund Performance: The Quant Focused Fund has given 19.5% annualized returns in the past three years and 23.23% in the last 5 years. The Quant Focused Fund comes under the Equity category of Quant Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Quant Focused Fund via lump sum is ₹5,000 and via SIP is ₹1,000.

Min Investment Amt₹5,000
AUM₹1,183Cr
1Y Returns18.6%

ICICI Prudential Bluechip Fund Direct Growth

Fund Performance: The ICICI Prudential Bluechip Fund has given 19.08% annualized returns in the past three years and 19.05% 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₹66,206Cr
1Y Returns21.1%

JM Large Cap Fund Direct Plan Growth

Fund Performance: The JM Large Cap Fund has given 18.64% annualized returns in the past three years and 18.73% 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₹429Cr
1Y Returns21.4%

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%

Kotak Nifty Next 50 Index Fund Direct Growth

Fund Performance: The Kotak Nifty Next 50 Index Fund comes under the Equity category of Kotak Mahindra Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Kotak Nifty Next 50 Index Fund via lump sum is ₹100 and via SIP is ₹100.

Min Investment Amt₹100
AUM₹359Cr
1Y Returns35.4%

DSP Nifty Next 50 Index Fund Direct Growth

Fund Performance: The DSP Nifty Next 50 Index Fund has given 20.14% annualized returns in the past three years and 19.62% in the last 5 years. The DSP Nifty Next 50 Index Fund comes under the Equity category of DSP Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in DSP Nifty Next 50 Index Fund via lump sum is ₹100 and via SIP is ₹100.

Min Investment Amt₹100
AUM₹844Cr
1Y Returns35.4%

Nippon India Nifty Next 50 Junior BeES FoF Direct Growth

Fund Performance: The Nippon India Nifty Next 50 Junior BeES FoF Fund has given 20.06% annualized returns in the past three years and 19.84% in the last 5 years. The Nippon India Nifty Next 50 Junior BeES FoF Fund comes under the Equity category of Nippon India Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Nippon India Nifty Next 50 Junior BeES FoF Fund via lump sum is ₹100 and via SIP is ₹100.

Min Investment Amt₹100
AUM₹524Cr
1Y Returns35.4%

Motilal Oswal Nifty Next 50 Index Fund Direct Growth

Fund Performance: The Motilal Oswal Nifty Next 50 Index Fund comes under the Equity category of Motilal Oswal Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Motilal Oswal Nifty Next 50 Index Fund via lump sum is ₹500 and via SIP is ₹500.

Min Investment Amt₹500
AUM₹309Cr
1Y Returns35.3%

SBI Nifty Next 50 Index Fund Direct Growth

Fund Performance: The SBI Nifty Next 50 Index Fund comes under the Equity category of SBI Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in SBI Nifty Next 50 Index Fund via lump sum is ₹5,000 and via SIP is ₹500.

Min Investment Amt₹5,000
AUM₹1,415Cr
1Y Returns35.4%

UTI Nifty Next 50 Index Fund Direct Growth

Fund Performance: The UTI Nifty Next 50 Index Fund has given 20.01% annualized returns in the past three years and 19.75% in the last 5 years. The UTI Nifty Next 50 Index Fund comes under the Equity category of UTI Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in UTI Nifty Next 50 Index Fund via lump sum is ₹1,000 and via SIP is ₹500.

Min Investment Amt₹1,000
AUM₹4,973Cr
1Y Returns35.4%

UTI Nifty200 Momentum 30 Index Fund Direct Growth

Fund Performance: The UTI Nifty200 Momentum 30 Index Fund comes under the Equity category of UTI Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in UTI Nifty200 Momentum 30 Index Fund via lump sum is ₹1,000 and via SIP is ₹500.

Min Investment Amt₹1,000
AUM₹8,449Cr
1Y Returns25.9%

Baroda BNP Paribas Large Cap Fund Direct Growth

Fund Performance: The Baroda BNP Paribas Large Cap Fund has given 18.92% annualized returns in the past three years and 18.48% 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₹2,439Cr
1Y Returns25.2%

HDFC Top 100 Fund Direct Plan Growth

Fund Performance: The HDFC Top 100 Fund has given 18.83% annualized returns in the past three years and 17.81% 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₹38,683Cr
1Y Returns14.8%

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