Top 10 Large Cap Mutual Funds To Invest In 2024

Introduction To Large Cap Mutual Funds

Large cap mutual funds invest at least 80% of their assets in the top 100 companies based on market capitalization. Mutual funds classified as large caps are those with the highest ratings and the best return. 

• The companies involved in large cap Mutual Funds are typically industry leaders in their respective fields that offer consistent yields and are more resistant to fluctuations in the economy.

• Ideal for less adventurous investors who wish to build wealth without incurring significant risks or exposing their assets to high volatility.

• Gains on equities funds are taxable at 15% if held for less than a year and at 10% if held for more than a year and the gain exceeds 1 lac.

Large cap companies rank among the top 100 on the list of corporations based on market capitalization, according to SEBI. As a result, investing in these companies is seen as dependable and less risky. 

In this blog, we’ll cover the ‘top 10 Large Cap Mutual Funds’ to invest in 2024. But before that let's see some features of these funds.

Investors planning long-term wealth creation through index funds can also explore SIP planning strategies and estimate future returns using a SIP Calculator before investing in NFOs or mutual funds.

Features of Large Cap Mutual Funds

• Risk & Return

The state of the market affects all equities mutual funds. The Net Asset Value (NAV) of the plan moves up or down in tandem with changes in the benchmark. Nonetheless, the NAV of a large-cap fund does not change significantly, in contrast to small-cap and mid-cap schemes. However, investing in large-cap schemes helps to stabilize your investment portfolio.

• For Long Term Investment

Large cap funds also see portfolio underperformance during market downturns. Nevertheless, over time, this underperformance levels out because the funds are invested in stable companies and for a long-term horizon.

• Think About Your Financial Goals

Large cap mutual funds provide steady returns at a manageable risk level. As a result, a lot of investors use these programs to plan their retirement investments.

List of Top 10 Large Cap Mutual Funds

Below are some top 10 large cap mutual funds in India for 2024 in which we have mentioned Fund House's AUM, Scheme’s Benchmark, return, and other key information.

1. Nippon India Large Cap Fund

Nippon India Large Cap Fund by Nippon India Mutual Fund is one of the large cap mutual fund schemes. The fund was introduced on August 8, 2007, and has an AUM of Rs.29533.68 crore. NAV is Rs.87.39 as of August 09, 2024. The Scheme has produced a 36.31% return against its benchmark NIFTY 50 Index which has given a 10.48% return. The Scheme has a very high risk.

• Assets Cap Allocation

• Market Cap Allocation

•  Return

2. ICICI Prudential Blue Chip Fund

ICICI Prudential Blue Chip Fund by ICICI Prudential Mutual Fund was introduced on May 23, 2008, and has an AUM of Rs.59364.4 crore. NAV is Rs.106.08 as of August 09, 2024. The Scheme has produced a 35.93% return against its benchmark NIFTY 100 Total Return Index which has given a 31.34% return. The Scheme has a very high risk.

• Assets Cap Allocation

• Market Cap Allocation

•   Return

3. Axis Blue Chip Fund

Axis Blue Chip Fund by Axis Mutual Fund was introduced on Jan 05, 2010, and has an AUM of Rs.34520.15 crore. NAV is Rs.59.03 as of August 09, 2024. The Scheme has produced a 27.15% return against its benchmark BSE 100 Total Return Index which has given a 30.16% return. The Scheme has a very high risk.

•  Assets Cap Allocation

• Market Cap Allocation

•   Return

4. HDFC Top 100 Fund

HDFC Top 100 Fund by HDFC Mutual Fund was introduced on Sep 04, 1996, and has an AUM of Rs.35435.3 crore. NAV is Rs.1,136.89 as of August 09, 2024. The Scheme has produced a 32.69% return against its benchmark NIFTY 100 Total Return Index which has given 31.34% return. The Scheme has a very high risk.

•   Assets Cap Allocation

• Market Cap Allocation

•   Return

5. JM Large Cap Fund

JM Large Cap Fund by JM Financial Mutual Fund was introduced on Apr 01, 1995, and has an AUM of Rs.233.53 crore. NAV is Rs.162.45 as of August 09, 2024. The Scheme has produced a 42.17% return against its benchmark BSE 100 Total Return Index which has given a 30.16% return. The Scheme has a very high risk.

•   Assets Cap Allocation

• Market Cap Allocation

•   Return

6. Invesco India Large Cap Fund

Invesco India Large Cap Fund by Invesco Mutual Fund was introduced on Aug 21, 2009, and has an AUM of Rs.1145.78 crore. NAV is Rs.67.45 as of August 09, 2024. The Scheme has produced a 35.35% return against its benchmark NIFTY 100 Total Return Index which has given a 31.34% return. The Scheme has a very high risk.

•   Assets Cap Allocation

• Market Cap Allocation

•   Return

 7. Tata Large Cap Fund

Tata Large Cap Fund by Tata Mutual Fund was introduced on May 07, 1998, and has an AUM of Rs.2315.94 crore. NAV is Rs.502.50 as of August 09, 2024. The Scheme has produced a 32.61% return against its benchmark NIFTY 100 Total Return Index which has given a 31.34% return. The Scheme has a very high risk.

•  Assets Cap Allocation

• Market Cap Allocation

•   Return

8. Baroda BNP Paribas Large Cap Fund

Baroda BNP Paribas Large Cap Fund by Baroda BNP Paribas Mutual Fund was introduced on Sep 23, 2004, and has an AUM of Rs.2120.44 crore. NAV is Rs.223.41 as of August 09, 2024. The Scheme has produced a 38.70% return against its benchmark NIFTY 100 Total Return Index which has given a 31.34% return. The Scheme has a very high risk.        

•   Assets Cap Allocation

• Market Cap Allocation

•   Return

9. Mahindra Manulife Large Cap Fund

Mahindra Manulife Large Cap Fund by Mahindra Manulife Mutual Fund was introduced on Mar 15, 2019, and has an AUM of Rs.510.76 crore. NAV is Rs.22.97 as of August 09, 2024. The Scheme has produced a 31.30% return against its benchmark NIFTY 100 Total Return Index which has given a 31.34% return. The Scheme has a very high risk.        

•   Assets Cap Allocation

• Market Cap Allocation

•   Return

10. Kotak Blue Chip Fund

Kotak Blue Chip Fund by Kotak Mahindra Mutual Fund was introduced on Feb 06, 2003, and has an AUM of Rs.8847.88 crore. NAV is Rs.556.44 as of August 09, 2024. The Scheme has produced a 31.36% return against its benchmark NIFTY 100 Total Return Index which has given a 31.34% return. The Scheme has a very high risk.

•   Assets Cap Allocation

• Market Cap Allocation

•   Return

Conclusion

Mutual Fund schemes carry different types of investment portfolios, risks, and time horizons of maturity and provide different returns. It is always recommended to define your goal of investment, risk-taking strength, time horizon of investment, etc.

This blog is for information purposes only and doesn’t intend to advise anyone regarding investment decisions. Always consult your financial advisor before investing.