Investing in mutual funds is a smart way to grow your money, and if you’re looking for stability and performance, large cap mutual funds are a great option. These funds focus on established companies with a track record of stable performance, making them a safe bet for investors looking for steady returns. In this article, we’ll explore the top 5 large cap mutual funds in India for 2024.
- Nippon India Large Cap Fund
- ICICI Prudential Bluechip Fund
- JM Large Cap Fund
- IDBI India Top 100 Equity Fund
- HDFC Top 100 Fund
1. Nippon India Large Cap Fund
This fund has shown impressive returns and is known for its strong performance. With a fund size of ₹22,766 crores, it’s a solid choice for investors looking for growth.
- Objective: This fund aims to generate long-term capital appreciation by investing primarily in large-cap stocks.
- Strategy: It focuses on well-established companies with a strong market presence.
- Risk Profile: Moderately low risk due to large-cap exposure.
- Performance: Historically delivered competitive returns.
- Key Holdings: Invests in blue-chip companies across sectors.
| Period (in year) | Returns (₹10000) | SIP Returns (₹1000 SIP) |
| 1 | ₹14129.40 | ₹12000 – ₹14186.11 |
| 2 | ₹15165.60 | ₹24000 – ₹31728.63 |
| 3 | ₹18530.60 | ₹36000 – ₹51422.94 |
| 5 | ₹21531.00 | ₹60000 – ₹107480.83 |
| 10 | ₹47860.80 | ₹120000 – ₹285970.94 |
2. ICICI Prudential Bluechip Fund
Another top performer, this fund has a fund size of ₹51,554 crores. It’s managed by one of the leading asset management companies in India and has a history of delivering good returns
- Objective: Seeks capital appreciation by investing in large-cap stocks.
- Strategy: Diversified portfolio of quality large-cap companies.
- Risk Profile: Moderately low risk.
- Performance: Consistent track record.
- Key Holdings: Invests in established companies with stable growth prospects.
| Period (in year) | Returns (₹10000) | SIP Returns (₹1000 SIP) |
| 1 | ₹13969.40 | ₹12000 – ₹14356.64 |
| 2 | ₹14308.50 | ₹24000 – ₹31357.42 |
| 3 | ₹17238.10 | ₹36000 – ₹49856.16 |
| 5 | ₹22160.90 | ₹60000 – ₹103483.51 |
| 10 | ₹44279.60 | ₹120000 – ₹279884.54 |
3. JM Large Cap Fund
With the highest 1-year return rate among the top 5, this fund is definitely worth considering. It has a fund size of ₹99 crores, making it a smaller but potent option
- Objective: Long-term capital appreciation through large-cap investments.
- Strategy: Focuses on fundamentally strong large-cap stocks.
- Risk Profile: Moderately low risk.
- Performance: Demonstrated growth over time.
- Key Holdings: Invests in well-established companies.
| Period (in year) | Returns (₹10000) | SIP Returns (₹1000 SIP) |
| 1 | ₹14137.60 | ₹12000 – ₹14465.58 |
| 2 | ₹14295.60 | ₹24000 – ₹31591.87 |
| 3 | ₹16664.40 | ₹36000 – ₹49712.19 |
| 5 | ₹20925.90 | ₹60000 – ₹98405.63 |
| 10 | ₹36704.20 | ₹120000 – ₹247521.4 |
4. IDBI India Top 100 Equity Fund
With a fund size of ₹654 crores, this fund has a 4-star rating and has provided an 18.4% return
- Objective: Provides stable returns by investing in top 100 large-cap stocks.
- Strategy: Diversified across sectors and industries.
- Risk Profile: Moderately low risk.
- Performance: Aims for consistent growth.
- Key Holdings: Holds a mix of large-cap companies.
5. HDFC Top 100 Fund
HDFC’s offering in the large cap space has a fund size of ₹31,653 crores. It’s a well-established fund that has consistently performed well over the years
- Objective: Capital appreciation by investing in large-cap stocks.
- Strategy: Focuses on quality companies with strong fundamentals.
- Risk Profile: Moderately low risk.
- Performance: Historically competitive returns.
- Key Holdings: Invests in top 100 stocks by market capitalization.
| Period (in year) | Returns (₹10000) | SIP Returns (₹1000 SIP) |
| 1 | ₹13893.20 | ₹12000 – ₹14251.77 |
| 2 | ₹14730.30 | ₹24000 – ₹31348.36 |
| 3 | ₹17552.30 | ₹36000 – ₹50198.05 |
| 5 | ₹20551.10 | ₹60000 – ₹102824.71 |
| 10 | ₹41539.80 | ₹120000 – ₹268567.7 |
Other large cap mutual funds in India 2024 are:
- Baroda BNP Paribas Large Cap Fund
- Invesco India Largecap Fund
- Edelweiss Large Cap Fund
- Tata Large Cap
- Bandhan Large Cap Fund
