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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Top 10 Large Cap Mutual Funds
| Fund Name | Category | Risk | 1Y Returns | Rating | Fund Size(in Cr) | |
|---|---|---|---|---|---|---|
| Canara Robeco Bluechip Equity Fund | Equity | Very High | 53.6% | 5star | ₹4,702 | |
| Axis Bluechip Fund | Equity | Very High | 51.6% | 5star | ₹33,154 | |
| BNP Paribas Large Cap Fund | Equity | Very High | 51.0% | 5star | ₹1,237 | |
| Mirae Asset Large Cap Fund | Equity | Very High | 55.4% | 5star | ₹30,456 | |
| IDBI India Top 100 Equity Fund | Equity | Very High | 60.6% | 4star | ₹547 | |
| Kotak Bluechip Fund | Equity | Very High | 56.4% | 4star | ₹3,346 | |
| UTI Mastershare Unit Scheme | Equity | Very High | 57.8% | 4star | ₹9,536 | |
| Invesco India Largecap Fund | Equity | Very High | 57.0% | 4star | ₹408 | |
| Edelweiss Large Cap Fund | Equity | Very High | 52.7% | 4star | ₹296 | |
| IDFC Large Cap Fund | Equity | Very High | 48.7% | 4star | ₹938 | |
| ICICI Prudential Bluechip Equity Fund | Equity | Very High | 59.1% | 4star | ₹30,724 | |
| JM Large Cap Fund | Equity | Very High | 42.3% | 4star | ₹51 | |
| Principal Large Cap Fund | Equity | Very High | 54.5% | 4star | ₹532 | |
| LIC MF Large Cap Fund | Equity | Very High | 55.7% | 3star | ₹646 | |
| SBI Bluechip Fund | Equity | Very High | 59.0% | 3star | ₹31,817 | |
| View All Top 10 Large Cap Mutual Funds |
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 2021 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 10 mutual fund schemes.
Canara Robeco Bluechip Equity Fund Direct Growth
Fund Performance: This fund has given 26.82% annualized returns in the last three years. In the last year, its returns were 53.63%. It has continually hit its benchmark in the Equity segment.
Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 53.63% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹4,702Cr |
| 1Y Returns | 53.6% |
Axis Bluechip Fund Direct Plan Growth
Fund Performance: This fund has given 26.04% annualized returns in the last three years. In the last year, its returns were 51.59%. It has continually hit its benchmark in the Equity segment.
Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 51.59% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹33,154Cr |
| 1Y Returns | 51.6% |
BNP Paribas Large Cap Fund Direct Growth
Fund Performance: This fund has given 24.46% annualized returns in the last three years. In the last year, its returns were 51.01%. It has continually hit its benchmark in the Equity segment.
Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 51.01% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹300.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹1,237Cr |
| 1Y Returns | 51.0% |
Mirae Asset Large Cap Fund Direct Growth
Fund Performance: This fund has given 23.12% annualized returns in the last three years. In the last year, its returns were 55.35%. It has continually hit its benchmark in the Equity segment.
Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 55.35% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹30,456Cr |
| 1Y Returns | 55.4% |
IDBI India Top 100 Equity Fund Direct Growth
Fund Performance: This fund has given 26.07% annualized returns in the last three years. In the last year, its returns were 60.6%. It has continually hit its benchmark in the Equity segment.
Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 60.6% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹547Cr |
| 1Y Returns | 60.6% |
Kotak Bluechip Fund Direct Growth
Fund Performance: This fund has given 24.92% annualized returns in the last three years. In the last year, its returns were 56.36%. It has continually hit its benchmark in the Equity segment.
Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 56.36% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹1,000. Minimum SIP investment amount required for this scheme is ₹100.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹3,346Cr |
| 1Y Returns | 56.4% |
UTI Mastershare Direct Growth
Fund Performance: This fund has given 23.42% annualized returns in the last three years. In the last year, its returns were 57.82%. It has continually hit its benchmark in the Equity segment.
Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 57.82% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹100. Minimum SIP investment amount required for this scheme is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹9,536Cr |
| 1Y Returns | 57.8% |
Invesco India Largecap Fund Direct Growth
Fund Performance: This fund has given 23.21% annualized returns in the last three years. In the last year, its returns were 57%. It has continually hit its benchmark in the Equity segment.
Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 57% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹1,000. Minimum SIP investment amount required for this scheme is ₹100.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹408Cr |
| 1Y Returns | 57.0% |
Edelweiss Large Cap Fund Direct Growth
Fund Performance: This fund has given 22.85% annualized returns in the last three years. In the last year, its returns were 52.74%. It has continually hit its benchmark in the Equity segment.
Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 52.74% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹296Cr |
| 1Y Returns | 52.7% |
IDFC Large Cap Fund Direct Growth
Fund Performance: This fund has given 21.51% annualized returns in the last three years. In the last year, its returns were 48.7%. It has continually hit its benchmark in the Equity segment.
Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 48.7% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹100.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹938Cr |
| 1Y Returns | 48.7% |
ICICI Prudential Bluechip Fund Direct Growth
Fund Performance: This fund has given 21.09% annualized returns in the last three years. In the last year, its returns were 59.12%. It has continually hit its benchmark in the Equity segment.
Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 59.12% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹100. Minimum SIP investment amount required for this scheme is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹30,724Cr |
| 1Y Returns | 59.1% |
JM Large Cap Fund Direct Plan Growth
Fund Performance: This fund has given 18.08% annualized returns in the last three years. In the last year, its returns were 42.28%. It has continually hit its benchmark in the Equity segment.
Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 42.28% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹51Cr |
| 1Y Returns | 42.3% |
Principal Large Cap Fund Direct Growth
Fund Performance: This fund has given 5.9% annualized returns in the last three years. In the last year, its returns were 54.45%. It has continually hit its benchmark in the Equity segment.
Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 54.45% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹532Cr |
| 1Y Returns | 54.5% |
LIC MF Large Cap Fund Direct Growth
Fund Performance: This fund has given 23.71% annualized returns in the last three years. In the last year, its returns were 55.68%. It has continually hit its benchmark in the Equity segment.
Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 55.68% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹646Cr |
| 1Y Returns | 55.7% |
SBI Bluechip Direct Plan Growth
Fund Performance: This fund has given 22.94% annualized returns in the last three years. In the last year, its returns were 59.02%. It has continually hit its benchmark in the Equity segment.
Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 59.02% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹31,817Cr |
| 1Y Returns | 59.0% |
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