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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 High5.9%5₹6,718
Baroda BNP Paribas Large Cap FundEquityVery High7.1%5₹1,281
Invesco India Largecap FundEquityVery High8.4%5₹602
Axis Bluechip FundEquityVery High1.3%5₹34,909
IDBI India Top 100 Equity FundEquityVery High9.4%4₹574
Kotak Bluechip FundEquityVery High7.1%4₹4,162
Mahindra Manulife Large Cap Pragati Yojana FundEquityModerately High7.5%4₹153
UTI Mastershare FundEquityVery High6.8%4₹9,669
ICICI Prudential Bluechip FundEquityVery High10.5%4₹31,235
Edelweiss Large Cap FundEquityVery High6.8%4₹325
Mirae Asset Large Cap FundEquityVery High8.1%4₹31,722
LIC MF Large Cap FundEquityVery High6.7%4₹657
IDFC Large Cap FundEquityVery High5.8%4₹1,000
Sundaram Large Cap FundEquityVery High8.0%4₹3,038
JM Large Cap FundEquityVery High7.4%4₹49
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 10 mutual fund schemes.

Canara Robeco Bluechip Equity Fund Direct Growth

Fund Performance: The Canara Robeco Bluechip Equity Fund has given 15.98% annualized returns in the past three years and 14.44% 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₹6,718Cr
1Y Returns5.9%

Baroda BNP Paribas Large Cap Fund Direct Growth

Fund Performance: The Baroda BNP Paribas Large Cap Fund has given 13.83% annualized returns in the past three years and 12.06% 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₹1,281Cr
1Y Returns7.1%

Invesco India Largecap Fund Direct Growth

Fund Performance: The Invesco India Largecap Fund has given 13.39% annualized returns in the past three years and 12.05% 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₹602Cr
1Y Returns8.4%

Axis Bluechip Fund Direct Plan Growth

Fund Performance: The Axis Bluechip Fund has given 12.4% annualized returns in the past three years and 14.38% 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 ₹5,000 and via SIP is ₹500.

Min Investment Amt₹5,000
AUM₹34,909Cr
1Y Returns1.3%

IDBI India Top 100 Equity Fund Direct Growth

Fund Performance: The IDBI India Top 100 Equity Fund has given 15.73% annualized returns in the past three years and 11.23% 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₹574Cr
1Y Returns9.4%

Kotak Bluechip Fund Direct Growth

Fund Performance: The Kotak Bluechip Fund has given 14.39% annualized returns in the past three years and 12.36% 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₹4,162Cr
1Y Returns7.1%

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₹153Cr
1Y Returns7.5%

UTI Mastershare Direct Growth

Fund Performance: The UTI Mastershare Fund has given 13.8% annualized returns in the past three years and 12.16% 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₹9,669Cr
1Y Returns6.8%

ICICI Prudential Bluechip Fund Direct Growth

Fund Performance: The ICICI Prudential Bluechip Fund has given 13.29% annualized returns in the past three years and 12.44% 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₹31,235Cr
1Y Returns10.5%

Edelweiss Large Cap Fund Direct Growth

Fund Performance: The Edelweiss Large Cap Fund has given 12.99% annualized returns in the past three years and 12.59% 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₹325Cr
1Y Returns6.8%

Mirae Asset Large Cap Fund Direct Growth

Fund Performance: The Mirae Asset Large Cap Fund has given 12.94% annualized returns in the past three years and 12.74% 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₹31,722Cr
1Y Returns8.1%

LIC MF Large Cap Fund Direct Growth

Fund Performance: The LIC MF Large Cap Fund has given 12.51% annualized returns in the past three years and 11.11% in the last 5 years. The LIC MF Large Cap Fund belongs to the Equity category of LIC Mutual Funds.

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

Min Investment Amt₹5,000
AUM₹657Cr
1Y Returns6.7%

IDFC Large Cap Fund Direct Growth

Fund Performance: The IDFC Large Cap Fund has given 12.05% annualized returns in the past three years and 11.38% in the last 5 years. The IDFC Large Cap Fund belongs to the Equity category of IDFC Mutual Funds.

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

Min Investment Amt₹5,000
AUM₹1,000Cr
1Y Returns5.8%

Sundaram Large Cap Fund Direct Growth

Fund Performance: The Sundaram Large Cap Fund has given 11.99% annualized returns in the past three years and 12.6% 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₹3,038Cr
1Y Returns8.0%

JM Large Cap Fund Direct Plan Growth

Fund Performance: The JM Large Cap Fund has given 11.6% annualized returns in the past three years and 9.57% 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₹49Cr
1Y Returns7.4%

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