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Best Large Cap Mutual Funds

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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List of Large Cap Mutual Funds in India

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Canara Robeco Bluechip Equity FundEquityVery High1.4%5₹8,666
Kotak Bluechip FundEquityVery High3.2%5₹5,256
Baroda BNP Paribas Large Cap FundEquityVery High3.9%5₹1,381
Sundaram Large Cap FundEquityVery High4.0%5₹3,042
Axis Bluechip FundEquityVery High-4.6%5₹35,198
IDBI India Top 100 Equity FundEquityVery High2.5%4₹614
ICICI Prudential Bluechip FundEquityVery High5.3%4₹35,049
JM Large Cap FundEquityVery High5.2%4₹48
Edelweiss Large Cap FundEquityVery High4.8%4₹382
Mahindra Manulife Large Cap Pragati Yojana FundEquityModerately High1.6%4₹216
UTI Mastershare FundEquityVery High-1.3%4₹10,659
Mirae Asset Large Cap FundEquityVery High1.9%4₹34,194
Invesco India Largecap FundEquityVery High-4.4%4₹748
Principal Large Cap FundEquityVery High29.6%4₹534
Nippon India Large Cap FundEquityVery High9.6%3₹12,612
View All

Features of Large Cap Funds

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.

Taxability

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.

Who Are These Funds Suited For?

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.

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.

Let's have a closer look

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

Canara Robeco Bluechip Equity Fund Direct Growth

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 Returns1.4%

Kotak Bluechip Fund Direct Growth

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 Returns3.2%

Baroda BNP Paribas Large Cap Fund Direct Growth

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 Returns3.9%

Sundaram Large Cap Fund Direct Growth

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 Returns4.0%

Axis Bluechip Fund Direct Plan Growth

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%

IDBI India Top 100 Equity Fund Direct Growth

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 Returns2.5%

ICICI Prudential Bluechip Fund Direct Growth

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 Returns5.3%

JM Large Cap Fund Direct Plan Growth

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 Returns5.2%

Edelweiss Large Cap Fund Direct Growth

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 Returns4.8%

Mahindra Manulife Large Cap Pragati Yojana Direct Growth

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 Returns1.6%

UTI Mastershare Direct Growth

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%

Mirae Asset Large Cap Fund Direct Growth

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 Returns1.9%

Invesco India Largecap Fund Direct Growth

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%

Principal Large Cap Fund Direct Growth

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 Returns29.6%

Nippon India Large Cap Fund Direct Growth

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 Returns9.6%

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