Investing in Equity Mutual Funds can be tricky. Selecting one with the perfect mix of stocks and performance can be a complicated job. We shall be discussing the 10 Best Large-Cap Mutual Funds.
What are Large-Cap Mutual Funds?
A direct and simple answer to this can be the funds which invest a major portion of their collected funds in large well-known companies. These companies have a good track record of producing wealth and dividends for their investors over a longer period of time. According to SEBI, large-cap companies are ranked in the top 100 companies according to market capitalization.
How to select a mutual fund?
Any investment decision to be made can be highly personalized based on the goals which an investor may seek, the period for which the investor wishes to invest, the risk appetite of the investor or even the age group.
Large cap mutual funds majorly suit the best for investors who wish to invest for long-term goals like retirement or home ownership and investing for a period of at least four to ten years.
Figures to consider for selecting a large-cap fund are as follows,
- 5-year annualized returns
- Track record/ proven
- Asset Under Management
- AMC & Fund Manager
- Portfolio Allocation
- Expense ratio
Following are the 10 Best Large Cap Mutual Funds 2023
We have given the complete details of the large-cap mutual funds below,
1. Canara Robeco Bluechip Equity Fund
This mutual fund from Canara Robeco mutual fund was launched on 01 January 2013, hence it has been in existence for the past 10 years. The fund has been giving out consistent results and has shown good stability even in a falling market. The fund managers Vishal Mishra and Shridatta Bhandwaldar both are well-experienced and have been giving good results.
The fund has a return record of 14.29% and 14.46% for 5 and 10 years respectively. The benchmark of the fund is S&P 100 TRI gives a return of 11.7% in a period of 5 years. The expense ratio also stays on a favourable 0.42%, the category average being 1.04%.
The fund charges 1% of the sale value of the fund as an exit load if it is sold before 365 days, there are no other charges.
| Fund Name | 5 Year Returns | Expense Ratio | Asset Under Management (Cr) | Exit Load |
|---|---|---|---|---|
| Canara Robeco Bluechip Equity Fund | 14.29% | 0.42% | Rs. 8666.25 Cr | 1% if the exit is made before 365 days |
The fund has 96.30% large-cap holdings and the remaining is in others. HDFC Bank Ltd being on the top with 9.7% of the funds.
The major sector holdings are as below –
- Financial – 37.4%
- Technology – 11.1%
- Consumer Staples – 9.1%
2. Axis Bluechip Fund Direct Plan-Growth
Axis Bluechip Fund is a Large Cap mutual fund scheme launched in 2013 from Axis Mutual Fund. The 5-year annualized return of the fund is 12.23%, the benchmark returns of S&P 100 TRI bring 11.7% for the same period. The fund has Rs. 35,198 Crores of Assets Under Management. The fund has an expense ratio of 0.57%, which when compared to other funds of this category is on the higher side.
The fund has delivered results in line with its peers since it has been in the market. The top holdings of the fund include ICICI bank Ltd., HDFC Bank Ltd and Infosys Ltd.
The fund managers Shreyash Devalkar and Hitesh Das have worked with renowned names like JP Morgan and Barclays Securities India Pvt Ltd. respectively.
| Fund Name | 5 Year Returns | Expense Ratio | Asset Under Management | Exit Load |
|---|---|---|---|---|
| Axis Bluechip Fund- DirectPlan Growth | 12.23% | 0.57% | Rs. 35,198 Cr | 1% if exit is made before 365 days |
The fund has 89.8% of funds invested in Equity and 10.6% in debt. ICICI has 10.1% of the funds.
The major sector holdings are as below –
- Finance – 43.4%
- Technology – 13.7%
- Services – 8.3%
3. Kotak Bluechip Fund Direct-Growth
Kotak Mahindra fund has been in the market for 10 years and is a scheme from Kotak Mahindra mutual fund. The fund has assets under management of Rs. 5256 crores. With an expense ratio of 0.69%, which is again on a higher side as compared to its peers, the fund has given a return of 12.15% in 5 years which is better than its benchmark NIFTY 100 TRI with 11.5%. The fund charges 1% of the sale value of the fund if an exit is made before 365 days. The fund manager of the fund is Harish Krishnan, who has been with the company since 2014.
The fund’s 98% holdings are in equity, with ICICI Bank Ltd. having the highest share of 7.7% of these funds. Others in the list include Axis Bank Ltd., Reliance Industries Ltd. and HDFC Bank Ltd.
| Fund Name | 5 Year Returns | ExpenseRatio | Asset Under Management | Exit Load |
|---|---|---|---|---|
| Kotak Bluechip Fund Direct-Growth | 12.15% | 0.69% | Rs. 5,256 Cr | 1% if the exit is made before 365 days |
The major sector holdings are as below –
- Financial – 29.9%
- Technology – 12.6%
- Energy – 10.5%
4. UTI Mastershare Direct-Growth
UTI Mastershare is a Large Cap mutual fund scheme from UTI Mutual Fund. With Rs. 11,039 Crores in Assets Under Management as on 31 December 2022, it has an expense ratio of 0.98% which is higher than most of Large Cap funds. The fund manager of the fund, Mr Karthikraj Lakshmanan has been associated with companies like Goldman Sachs as a Business Analyst and has also worked with ICICI Bank. The fund charges 1% of sale value of the fund as an exit charge if the exit is made earlier than 365 days. UTI Mastershare fund has however given better results of 11.26% than its benchmark of 10.24% by S&P BSE 100.
The fund has 95.3% holdings in Equity and the remaining in Cash and Debt. The top most in the list is ICICI Bank Ltd. with 9.9% funds.
| Fund Name | 5 Year Returns | ExpenseRatio | Asset Under Management | Exit Load |
|---|---|---|---|---|
| UTI Mastershare Direct-Growth | 11.26% | 0.98% | Rs. 11,039 Cr | 1% if the exit is made before 365 days |
Major Sector holdings of the fund are –
- Financial – 34.6%
- Technology – 14.3%
- Automobile – 10.0%
5. Sundaram Large Cap Fund
This recently launched fund has been in the market for just 2 years now, but has been giving good returns of 14.12% in the past 2 years as compared to its benchmark NIFTY 100 TRI with 12.37% returns. Since its launch, the fund has given almost 22% returns. The fund managers Ravi Gopalakrishnan, Sudhir Kedia and Rohit Seksaria are knowledgeable and well experienced individuals who are Cas and have degrees from IIM Ahmedabad.
The expense ratio of the fund is 0.55%, with an exit load of 1% of sale value if withdrawn before 365 days.
The fund’s 8.8% is devoted to ICICI Bank, and others in top 5 are HDFC Bank Ltd., Reliance Industries Ltd., Housing Development Finance Corporation Ltd. and Infosys Ltd.
| Fund Name | 5 Year Returns | ExpenseRatio | Asset Under Management | Exit Load |
|---|---|---|---|---|
| Sundaram Large Cap Fund | 14.12% | 0.55% | Rs. 3,172 Cr | 1% if the exit is made before 365 days |
Major Sector holdings of the fund are –
- Financial – 40.8%
- Technology – 11.4%
- Energy – 9.2%
6. SBI Bluechip Fund
SBI Bluechip fund by SBI mutual fund has been in the market for 10 years now and has an expense ratio of 0.91%, which is amongst the highest of its type. However, the fund has given returns of 10.93% in the past 5 years which is higher than the category average of 10.27%. The exit load of 1% if redeemed within 1 year. The fund management has Ms. Sohini Andani who has been working with SBI since 2013.
The fund has 94% of its holding in equity, HDFC Bank Ltd. is at the top in the list with 8.7% of the funds invested.
| Fund Name | 5 Year Returns | Expense Ratio | Asset Under Management | Exit Load |
|---|---|---|---|---|
| SBI Bluechip Fund | 10.93% | 0.91% | Rs. 35,617 Cr | 1% if the exit is made before 365 days |
Major Sector holdings of the fund are –
- Financial – 31%
- Automobile – 12.2%
- Construction – 10.3%
7. Mirae Asset Large Cap Fund
Mirae Asset Large Cap Fund Direct- Growth is a Large Cap mutual fund scheme from Mirae Asset Mutual Fund. The fund was launched in 2013 and has given 16.46% annual returns on an average. Along with an expense ratio of 0.51%, the exit load charge is 1% if withdrawn before 1 year. The fund, however, has given slightly lower results of 11.35% as compared to its benchmark NIFTY 100 TRI, which has returned a record of 11.5% for the past 5 years.
The fund has 98.4% of its holdings in equity, the top most holding being HDFC Bank Ltd. With 10.2% of funds invested.
| Fund Name | 5 Year Returns | Expense Ratio | Asset Under Management | Exit Load |
|---|---|---|---|---|
| Mirae Asset Large Cap Funds | 11.35% | 0.51% | Rs. 34194.26 Cr | 1% if the exit is made before 365 days |
Major Sector holdings of the fund are –
- Financial – 34.8%
- Technology – 12.7%
- Energy – 9.6%
8. Edelweiss Large Cap Fund Direct -Growth
Edelweiss large cap fund has been in the market for 10 years now. Although assets under management are just Rs. 382.04 crores, the fund has been giving fair returns if seen from a 5-year perspective. The return of the fund has been 12.27% which is higher than its benchmark NIFTY 100 with 10.15%.
The fund manager Mr. Bharat Lahoti has previously worked with D.E. Shaw has over 10 years of experience in the field.
| Fund Name | 5 Year Returns | Expense Ratio | Asset Under Management | Exit Load |
|---|---|---|---|---|
| Edelweiss Large Cap Fund | 12.27% | 0.93% | Rs. 382.04 Cr | 1% if the exit is made before 365 days |
The fund’s 96.6% funds are in equity and 8.4% are devoted to ICICI Bank Ltd.
Major Sector holdings of the fund are –
- Financial – 35%
- Technology – 13%
- Energy – 11.7%
9. ICICI Prudential Bluechip Fund
The fund by ICICI Prudential Mutual Fund was launched in 2013 and today has Rs. 35,049 crores of Asset Under Management. Though the fund has a slightly high expense ratio of 1.06%, it offers a good return of 11.8% as annualized for a 5-year period, which is a little higher than the benchmark NIFTY 100 TRI with 11.5%.
The fund management team has Ms. Priyanka Khandelwal who has been working with ICICI since 2014.
| Fund Name | 5 Year Returns | ExpenseRatio | Asset Under Management | Exit Load |
|---|---|---|---|---|
| ICICI Prudential Bluechip Fund | 11.80% | 1.06% | Rs. 35.069 crores | 1% if the exit is made before 365 days |
93.2% of the funds are directed towards equity, the top investment being ICICI Bank Ltd. with 9.8% of the funds.
Major Sector holdings of the fund are –
- Financial – 30.2%
- Technology – 13.7%
- Energy – 13.4%
10. LIC MF Large Cap Fund
The last on this list is LIC MF Large Cap Fund which was launched in 1988 and has an expense ratio of 1.39%, which is again on the higher side. The fund has given a return of 10.86% annualized for a 5-year period which is higher than the category average of 10.27%.
The fund has 97.5% of its holdings in equity, with the highest of 9.2% of these is devoted to HDFC Bank Ltd.
| Fund Name | 5 Year Returns | ExpenseRatio | Asset Under Management | Exit Load |
| LIC MF LargeCap Fund | 10.86% | 1.39% | Rs. 683.12 crores | 1% if the exit is made before 365 days |
Major Sector holdings of the fund are –
- Financial – 36.6%
- Technology – 13.6%
- Consumer Staples – 8.7%
Conclusion
These were the 10 Best Large Cap Mutual Funds in the market. However, it should always be taken into consideration that every investment brings along a certain amount of risk which any investor should be prepared for. An individual’s goals, age group, amount available for investment, period of investment and risk appetite shall determine the best portfolio for that individual.
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