Large-cap funds primarily invest in equity shares of companies mostly with a market capitalisation of more than Rs.20,000 crore. These organisations are known to dominate the market and generate steady returns for their shareholders over a long period. Large-cap funds are a sub-category of equity funds. Hence, they are also subject to market fluctuations.
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| Fund Name | Category | Risk | 1Y Returns | Rating | Fund Size(in Cr) |
|---|---|---|---|---|---|
| Canara Robeco Bluechip Equity Fund | Equity | Very High | 1.4% | 5 | ₹8,666 |
| Kotak Bluechip Fund | Equity | Very High | 3.2% | 5 | ₹5,256 |
| Baroda BNP Paribas Large Cap Fund | Equity | Very High | 3.9% | 5 | ₹1,381 |
| Sundaram Large Cap Fund | Equity | Very High | 4.0% | 5 | ₹3,042 |
| Axis Bluechip Fund | Equity | Very High | -4.6% | 5 | ₹35,198 |
| IDBI India Top 100 Equity Fund | Equity | Very High | 2.5% | 4 | ₹614 |
| ICICI Prudential Bluechip Fund | Equity | Very High | 5.3% | 4 | ₹35,049 |
| JM Large Cap Fund | Equity | Very High | 5.2% | 4 | ₹48 |
| Edelweiss Large Cap Fund | Equity | Very High | 4.8% | 4 | ₹382 |
| Mahindra Manulife Large Cap Pragati Yojana Fund | Equity | Moderately High | 1.6% | 4 | ₹216 |
| UTI Mastershare Fund | Equity | Very High | -1.3% | 4 | ₹10,659 |
| Mirae Asset Large Cap Fund | Equity | Very High | 1.9% | 4 | ₹34,194 |
| Invesco India Largecap Fund | Equity | Very High | -4.4% | 4 | ₹748 |
| Principal Large Cap Fund | Equity | Very High | 29.6% | 4 | ₹534 |
| Nippon India Large Cap Fund | Equity | Very High | 9.6% | 3 | ₹12,612 |
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The following are the features of the best large-cap mutual funds:
Asset allocation: As per the guidelines set by the Securities and Exchange Board of India (SEBI), large-cap funds must invest at least 80% of their fund corpus in large-cap stocks.
Risk-return ratio: The best large-cap mutual funds 2022 invest in shares of blue-chip companies that have the ability to weather volatile market conditions. Hence, these funds are usually associated with lower risk than other types of equity funds. They provide stable returns over the long term.
Short-term capital gains tax: 15% short-term capital gains tax will be applicable on proceeds if units of a large-cap fund are sold within 1 year from the date of purchase.
Long-term capital gains tax: If investors sell their units after a year, long-term capital gains tax at 10% will be applicable on gains exceeding Rs.1 lakh in that specific financial year.
TDS: Dividend income from such schemes exceeding Rs.5000 attracts a 10% TDS.
Large-cap funds are suitable for investors who are seeking exposure to equity but with a lower risk factor. These funds are known to safeguard portfolio value by withstanding bear markets. Situations may arise wherein even the best large-cap mutual fund might be subject to market volatility. Hence, it’s imperative for individuals to consider certain aspects, like risk appetite and investment goal, before investing in these schemes.
Investors can reap the following benefits by allocating their savings to the best large-cap mutual funds in India:
Sectoral diversification: This type of MF scheme invests in blue-chip companies across various sectors, thus, diversifying the portfolio of investors.
Now let us jump and check about these top 15 mutual fund schemes.
Fund Performance: The Canara Robeco Bluechip Equity Fund has given 15.63% annualized returns in the past three years and 13.45% in the last 5 years. The Canara Robeco Bluechip Equity Fund belongs to 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 ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹8,666Cr |
| 1Y Returns | 1.4% |
Fund Performance: The Kotak Bluechip Fund has given 14.87% annualized returns in the past three years and 11.12% in the last 5 years. The Kotak Bluechip Fund belongs to 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 ₹1,000 and via SIP is ₹100.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹5,256Cr |
| 1Y Returns | 3.2% |
Fund Performance: The Baroda BNP Paribas Large Cap Fund has given 14.05% annualized returns in the past three years and 11.04% in the last 5 years. The Baroda BNP Paribas Large Cap Fund belongs to 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 | ₹1,381Cr |
| 1Y Returns | 3.9% |
Fund Performance: The Sundaram Large Cap Fund has given 13.32% annualized returns in the past three years and 11.09% in the last 5 years. The Sundaram Large Cap Fund belongs to 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 | ₹3,042Cr |
| 1Y Returns | 4.0% |
Fund Performance: The Axis Bluechip Fund has given 10.42% annualized returns in the past three years and 11.58% in the last 5 years. The Axis Bluechip Fund belongs to the Equity category of Axis Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Axis Bluechip Fund via lump sum is ₹500 and via SIP is ₹100.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹35,198Cr |
| 1Y Returns | -4.6% |
Fund Performance: The IDBI India Top 100 Equity Fund has given 15.98% annualized returns in the past three years and 11.04% in the last 5 years. The IDBI India Top 100 Equity Fund belongs to 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 | ₹614Cr |
| 1Y Returns | 2.5% |
Fund Performance: The ICICI Prudential Bluechip Fund has given 15.91% annualized returns in the past three years and 10.91% in the last 5 years. The ICICI Prudential Bluechip Fund belongs to 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 | ₹35,049Cr |
| 1Y Returns | 5.3% |
Fund Performance: The JM Large Cap Fund has given 15.1% annualized returns in the past three years and 9.65% in the last 5 years. The JM Large Cap Fund belongs to 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 ₹5,000 and via SIP is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹48Cr |
| 1Y Returns | 5.2% |
Fund Performance: The Edelweiss Large Cap Fund has given 14.51% annualized returns in the past three years and 11.28% in the last 5 years. The Edelweiss Large Cap Fund belongs to 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 ₹5,000 and via SIP is ₹100.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹382Cr |
| 1Y Returns | 4.8% |
Fund Performance: The Mahindra Manulife Large Cap Pragati Yojana Fund belongs to the Equity category of Mahindra Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Mahindra Manulife Large Cap Pragati Yojana Fund via lump sum is ₹1,000 and via SIP is ₹500.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹216Cr |
| 1Y Returns | 1.6% |
Fund Performance: The UTI Mastershare Fund has given 14% annualized returns in the past three years and 10.3% in the last 5 years. The UTI Mastershare Fund belongs to the Equity category of UTI Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in UTI Mastershare Fund via lump sum is ₹100 and via SIP is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹10,659Cr |
| 1Y Returns | -1.3% |
Fund Performance: The Mirae Asset Large Cap Fund has given 13.82% annualized returns in the past three years and 10.29% in the last 5 years. The Mirae Asset Large Cap Fund belongs to the Equity category of Mirae Asset Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Mirae Asset Large Cap Fund via lump sum is ₹5,000 and via SIP is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹34,194Cr |
| 1Y Returns | 1.9% |
Fund Performance: The Invesco India Largecap Fund has given 12.89% annualized returns in the past three years and 9.72% in the last 5 years. The Invesco India Largecap Fund belongs to 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 | ₹748Cr |
| 1Y Returns | -4.4% |
Fund Performance: The Principal Large Cap Fund has given 5.9% annualized returns in the past three years and 8.85% in the last 5 years. The Principal Large Cap Fund belongs to the Equity category of Principal Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Principal Large Cap Fund via lump sum is ₹5,000 and via SIP is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹534Cr |
| 1Y Returns | 29.6% |
Fund Performance: The Nippon India Large Cap Fund has given 15.57% annualized returns in the past three years and 10.2% in the last 5 years. The Nippon India Large Cap Fund belongs to 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 | ₹12,612Cr |
| 1Y Returns | 9.6% |
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