Home>Mutual Funds>Category>Best Large Cap Mutual Funds

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.

Why invest with Groww?

— Registered with SEBI, AMFI & BSE

— Paperless sign up on web & app

— Expert recommendations

— ZERO fees !

Sign Up

Top 10 Large Cap Mutual Funds

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Canara Robeco Bluechip Equity FundEquityVery High53.6%5star4,702
Axis Bluechip FundEquityVery High51.6%5star33,154
BNP Paribas Large Cap FundEquityVery High51.0%5star1,237
Mirae Asset Large Cap FundEquityVery High55.4%5star30,456
IDBI India Top 100 Equity FundEquityVery High60.6%4star547
Kotak Bluechip FundEquityVery High56.4%4star3,346
UTI Mastershare Unit SchemeEquityVery High57.8%4star9,536
Invesco India Largecap FundEquityVery High57.0%4star408
Edelweiss Large Cap FundEquityVery High52.7%4star296
IDFC Large Cap FundEquityVery High48.7%4star938
ICICI Prudential Bluechip Equity FundEquityVery High59.1%4star30,724
JM Large Cap FundEquityVery High42.3%4star51
Principal Large Cap FundEquityVery High54.5%4star532
LIC MF Large Cap FundEquityVery High55.7%3star646
SBI Bluechip FundEquityVery High59.0%3star31,817
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
AUM4,702Cr
1Y Returns53.6%

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
AUM33,154Cr
1Y Returns51.6%

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
AUM1,237Cr
1Y Returns51.0%

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
AUM30,456Cr
1Y Returns55.4%

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
AUM547Cr
1Y Returns60.6%

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
AUM3,346Cr
1Y Returns56.4%

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
AUM9,536Cr
1Y Returns57.8%

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
AUM408Cr
1Y Returns57.0%

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
AUM296Cr
1Y Returns52.7%

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
AUM938Cr
1Y Returns48.7%

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
AUM30,724Cr
1Y Returns59.1%

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
AUM51Cr
1Y Returns42.3%

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
AUM532Cr
1Y Returns54.5%

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
AUM646Cr
1Y Returns55.7%

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
AUM31,817Cr
1Y Returns59.0%

Explore all Mutual Funds on Groww

Explore Mutual Funds
ⓒ 2016-2021 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 1.9.6
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES: ICICI PRUDENTIAL  | HDFC  | NIPPON INDIA  | ADITYA BIRLA SUN LIFE  | SBI  | UTI  | FRANKLIN TEMPLETON  | KOTAK MAHINDRA  | IDFC  | DSP  | AXIS  | TATA  | L&T  | SUNDARAM  | PGIM  | INVESCO  | LIC  | JM FINANCIAL  | BARODA PIONEER  | CANARA ROBECO  | HSBC  | IDBI  | INDIABULLS  | MOTILAL OSWAL  | BNP PARIBAS  | MIRAE ASSET  | PRINCIPAL  | BOI AXA  | UNION KBC  | TAURUS  | EDELWEISS  | NAVI  | MAHINDRA  | QUANTUM  | PPFAS  | IIFL  | Quant  | SHRIRAM  | SAHARA | ITI