Top Large Cap Mutual Funds In India: Large-cap stocks are some of the most sought-after stocks. They are listed at the top of recognized stock exchanges and are the best in their industry. These companies have wide market recognition, and productivity and are financially sound.
While large-cap companies have attained financial maturity and are less risky, their shares cannot appreciate as much as the values of mid-cap and small-cap stocks. The returns on these stocks are mainly from the dividend component. They have a rich operational history and are accessible to the general public through various means. These stocks are expensive compared to other investment options, however, they are highly liquid.
Top Large Cap Mutual Funds in India
Large-cap mutual funds are those funds that invest in large-cap stocks. The Association of Mutual Funds of India(AMFI) recently released a list of the classification of stocks according to the 6-month average market capitalization. According to this classification, large-cap stocks are those stocks that have a 6-month average market capitalization of more than ₹ 48,900 crores.
In this article, we shall take a look at some of the top large-cap mutual funds in India. We have considered direct plan – growth in this article as these plans tend to provide superior returns. Keep reading to find out!
Top Large Cap Mutual Funds in India #1 – Canara Robeco Bluechip Equity Fund
| Fund Company | Canara Robeco Asset Management Company | Size (AUM in Cr) | ₹ 8,642 crores |
| 3-yr returns (CAGR) | 17.87% | 1-yr return | 9.38% |
| Expense ratio | 0.42% | Inception Date | 01/01/2013 |
| Exit Load | 1% for 0 to 1 year,0% for >1 year | No. of Stocks Held | 45 |
Canara Robeco Bluechip Equity Fund is a large-cap mutual fund scheme from Canara Robeco Asset Management Company. It has been in existence since January 01, 2013, and is a medium-sized fund in its category. The investment objective of the fund is to provide capital appreciation by predominantly investing in companies having a large market capitalization.
The fund has an AUM of ₹ 8,642 crores and does not have a lock-in period. It tracks the benchmark S&P BSE 100. The fund has an exit load of 1.00% for redemption within a year, and nil after a year. It has an expense ratio of 0.42%. The minimum amount to be invested is ₹ 1,000 in the case of SIP and ₹ 5,000 in the case of lumpsum investment.
Allocation
Canara Robeco Bluechip Equity Fund has a majority of its money invested in the financial, technology, energy, consumer staples, and automobile sectors. Its top five holdings are HDFC Bank (9.79%) ICICI Bank (8.19%), Infosys (7.16%) Reliance Industries (6.26%), and the State Bank of India (4.20%).
Returns
The fund has provided 3-year annualized returns of 17.87%, which is slightly lower than the benchmark’s return of 18.99%. It has provided 5-year annualized returns of 14.91%, which is higher than the benchmark’s returns of 12.59%.
Fund Managers
Shridatta Bhandwaldar is a BE (Mechanical) and MMS (Finance) graduate. He has worked with SBI Pension Funds Pvt. Ltd. as Head-Research, Heritage India Advisory Pvt. Ltd. as Senior Equity Analyst, Motilal Oswal Securities, and MF Global Securities.
Vishal Mishra is a B. Com graduate and A.C.A. He has more than 10 yrs of experience in the areas of equity research & credit research. He has worked with Daiwa Asset Mgt (India) Pvt. Ltd Collins Stewart India Pvt. Ltd. IL&FS Investment, Crisil, and Quantum Information Services.
Top Large Cap Mutual Funds in India #2 – Kotak Bluechip Fund
| Fund Company | Kotak Mahindra Asset Management Co Ltd | Size (AUM) | ₹ 5,265 crores |
| 3-yr returns (CAGR) | 19.05% | 1-yr return | 11.88% |
| Expense ratio | 0.64% | Inception Date | 01-01-2013 |
| Exit Load (0 to 90 days) | 1% for 0 to 1 year,0% for greater than 1 year. | No. of Stocks Held | 61 |
Kotak Bluechip Fund is a large-cap mutual fund scheme is from Kotak Mahindra Mutual Fund. It has been in existence since January 01, 2013, and is a medium-sized fund in its category. The investment objective of the fund is to generate capital appreciation from a portfolio of predominantly equity and equity-related securities falling under the category of large-cap companies.
The fund has an AUM of ₹ 5,265 crores and does not have a lock-in period. It tracks the benchmark NIFTY 100. The fund has an exit load of 1.00% for redemption within a year, and nil after a year. It has an expense ratio of 0.64%. The minimum amount to be invested is ₹ 1,000 in the case of SIP and ₹ 5,000 in the case of lumpsum investment.
Allocation
Kotak Bluechip Fund has a majority of its money invested in the financial, technology, energy, consumer staples, and automobile sectors. Its top five holdings are ICICI Bank (6.79%), HDFC Bank (6.17%), Reliance Industries (6.09%) Infosys Ltd (5.83%), and Larsen &Toubro (4.03%).
Returns
The fund has provided 3-year annualized returns of 19.05%, which is slightly higher than the benchmark’s return of 18.99%. It has provided 5-year annualized returns of 13.17%, which is higher than the benchmark’s returns of 12.59%.
Fund Manager
Harish Krishnan has 13 years of experience spread over Equity Research and Fund Management. He worked at Infosys Technologies in his earlier stint. He holds a CFA, PGDBM (IIM Kozhikode), and B.Tech (Electronics & Communications).
Top Large Cap Mutual Funds in India #3 – Baroda BNP Paribas Large-Cap Fund
| Fund Company | Baroda BNP Paribas Asset Management India Pvt. Ltd. | Size (AUM) | ₹ 1,361 crores |
| 3-yr returns (CAGR) | 17.18% | 1-yr return | 13.20% |
| Expense ratio | 0.94% | Inception Date | January 01, 2013 |
| Exit Load (0 to 90 days) | 1% for 0 to 1 year,0% for >1 year | No. of Stocks Held | 48 |
Baroda BNP Paribas Large-Cap Fund scheme is from Baroda BNP Paribas Mutual Fund. It has been in existence since January 01, 2013, and is a medium-sized fund in its category. The investment objective of the fund is to generate capital appreciation from a portfolio of predominantly equity and equity-related securities falling under the category of large-cap companies.
The fund has an AUM of ₹ 1,361 crores and does not have a lock-in period. It tracks the benchmark NIFTY 100. The fund has an exit load of 1% for redemption within a year, and nil after a year. It has an expense ratio of 0.64%. The minimum amount to be invested is ₹ 500 in the case of SIP and ₹ 5,000 in the case of lumpsum investment.
Allocation
Baroda BNP Paribas Large Cap Fund has a majority of its money invested in the financial, technology, energy, consumer staples, and automobile sectors. Its top five holdings are HDFC Bank (9.01%) ICICI Bank (8.25%), Infosys (7.10%), Reliance Industries (6.85%), and Tata Consultancy Services (4.89%).
Returns
The fund has provided 3-year annualized returns of 17.18%, which is slightly lower than the benchmark’s return of 18.99%. It has provided 5-year annualized returns of 13.25%, which is higher than the benchmark’s returns of 12.59%.
Fund Manager
Jitendra Sriram is a B.E (Electrical) and holds a postgraduate diploma in Business Management. He has worked with HSBC AMC, Deutsche Equities Pvt. Ltd., HSBC Securities, Capital Markets Pvt. Ltd., and ITC Classic Share & Stock Broking.
Top Large Cap Mutual Funds in India #4 – Edelweiss Large Cap Fund
| Fund Company | Edelweiss Asset Management Limited | Size (AUM ) | ₹ 391 Crs |
| 3-yr returns (CAGR) | 18.44 | 1-yr return | 15.31 |
| Expense ratio | 0.93% | Inception Date | January 01, 2013 |
| Exit Load (0 to 90 days) | 1.00% for 0-365 days 0.00% for >365 days |
No. of Stocks Held | 68 |
Edelweiss Large Cap Fund is from Edelweiss Mutual Fund. It has been in existence since January 01, 2013, and is a medium-sized fund in its category. The investment objective of the fund is to generate long-term capital appreciation from a portfolio of predominantly equity and equity-related securities falling under the category of the 100 largest companies by market capitalization in India.
The fund has an AUM of ₹ 391 crores and does not have a lock-in period. It tracks the benchmark NIFTY 100. The fund has an exit load of 1% for redemption within 365 days, and nil after 365 days. It has an expense ratio of 0.93%. The minimum amount to be invested is ₹ 1,000 in the case of SIP and ₹ 5,000 in the case of lumpsum investment.
Allocation
Edelweiss Large Cap Fund has a majority of its money invested in the financial, technology, energy, consumer staples, and healthcare sectors. Its top five holdings are HDFC Bank (7.77%) ICICI Bank (7.33%), Reliance Industries (6.40%), Infosys (5.81%), and Larsen and Toubro (5.08%).
Returns
The fund has provided 3-year annualized returns of 18.44%, which is slightly lower than the benchmark’s return of 18.99%. It has provided 5-year annualized returns of 13.51%, which is higher than the benchmark’s returns of 12.59%.
Fund Managers
Bharat Lahoti is a B.E. (Electronics & Communication) from Mumbai University and MMS (Finance) from N L Dalmia Institute of Management Studies. He has worked with D.E. Shaw India Software Pvt. Ltd. as a Senior Manager – Fundamental Research and has an overall work experience of 9 years in the research function of organizations in the financial services sector.
Bhavesh Jain is an MMS (Finance) from Mumbai University. He was previously associated with Edelweiss Securities Limited as SGX Nifty Arbitrage Trader.
Top Large Cap Mutual Funds in India #5 – ICICI Prudential Bluechip Fund
| Fund Company | ICICI Prudential Asset Management Company | Size (AUM in Cr) | ₹ 34,640 Crs |
| 3-yr returns (CAGR) | 20.18% | 1-yr return | 13.53% |
| Expense ratio | 1.06% | Inception Date | January 01, 2013 |
| Exit Load (0 to 90 days) | 1.00% for 0-1 year, 0.00% for >1 year | No. of Stocks Held | 68 |
ICICI Prudential Bluechip Fund is from ICICI Prudential Mutual Fund. It has been in existence since January 01, 2013, and is a medium-sized fund in its category. The investment objective of the fund is to generate long-term capital appreciation and income distribution to investors from a portfolio that is predominantly invested in equity and equity-related securities of large-cap companies.
The fund has an AUM of ₹ 34,640 crores and does not have a lock-in period. It tracks the benchmark NIFTY 100. The fund has an exit load of 1% for redemption within one year, and nil after one year. It has an expense ratio of 1.06%. The minimum amount to be invested is ₹ 100 in the case of SIP and ₹ 100 in the case of lumpsum investment.
Allocation
Edelweiss Large Cap Fund has a majority of its money invested in the financial, energy, technology, automobile, and construction sectors. Its top five holdings are ICICI Bank (8.98%), Reliance Industries (7.98%), HDFC Bank (7.01%), Infosys (6.77%), and Larsen and Toubro (6.52%).
Returns
The fund has provided 3-year annualized returns of 20.18%, which is slightly lower than the benchmark’s return of 18.99%. It has provided 5-year annualized returns of 12.78%, which is marginally higher than the benchmark’s returns of 12.59%.
Fund Managers
Anish Tawakley has done PGDM (MBA) from IIM Bangalore and B. Tech (Mechanical Engineering) from IIT Delhi. He has worked with Barclays India – Equity Research, and Credit Suisse India – Equity research – Indian financial services sector.
Vaibhav Dusad has done B. Tech, M.Tech, and MBA. He has worked with Morgan Stanley, HSBC Global Banking and Markets, CRISIL, Zinnov Management Consulting, and Citibank Singapore.
In Closing
In this article, we took a look at some of the top large-cap mutual funds in India. We took a look at their annualized returns, top holdings, expense ratio, exit load, and more. Do keep in mind that mutual funds are subject to market risks. It is important to read all scheme-related documents carefully. For diversification, you might want to invest in other kinds of mutual funds as well.
That’s all for this article folks. We hope to see you around and happy investing until next time.
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