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Best Large Cap Funds: 4 Top Funds With Returns Above 19.15% In 3 Years

Large cap mutual funds invest prominently in equity of companies that are top 100 companies in terms of market capitalization. Sebi has mandated large cap equity funds to allocate around 80% of their corpus to into large-cap company stocks.

Large-cap stocks generally have a capital structure of more than Rs. 20,000 in India. Sebi lists the top 100 companies with the biggest capitalization as blue-chip companies. So, large cap funds are also called bluechip equity mutual funds.

Best Large Cap Funds: 4 Top Funds With Returns Above 19.15% In 3 Years

Among the equity mutual funds, large cap mutual funds are considered to be least risky equity fund. It is because, large cap mutual funds invest in companies that are established organizations that come with a fair reputation and vintage. They have a stable corporate administration that makes them trustworthy. But they are not completely risk free.

Investing in an equity fund means investing in risk, as the returns are market driven involving volatility. It is suitable for investors who want to bet on equity with less risk and for a minimum investment period of 3 to 4 years.

In the last few years large cap funds were not performing well, however over last 3-years the average category has generated 16.83% returns. Top 4 schemes have given higher returns than the average category returns over the same period. Following are the details given below.

Scheme NameAnnualised Returns (%)Absolute Returns (%)NAV as on March 8, 2023 (Rs)Crisil Ranking
Nippon India Large Cap Fund21.1077.7860.2620Rank 1
HDFC Top 100 Fund20.7576.24804.5780Rank 1
ICICI Prudential Bluechip Fund20.1473.5974.3300Rank 1
SBI Bluechip Fund19.1869.4468.6548Rank 2

All the funds considered are growth direct plans. The returns are taken from ValueResearch, while ranking is from Crisil.

Disclaimer
Mutual fund investments are subject to market risk. The above-mentioned information is purely informational and doesn't guarantee any return. Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.

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