Here is an unbiased list of Top 10 Large Cap Equity Funds in India. In this Article, We will do in-depth performance analysis of Best Large Cap Equity Funds of 2024. This analysis will include 6 months, 1 year & 3 year return analysis of these funds.
What are Large Cap Equity Funds?
Large Cap Equity Funds are associated with the large market capitalization as it is the investment of a larger proportion of their corpus in companies.
There are mainly three objectives used to define large-cap funds such as reputable, strong and trustworthy. These factors are known as the well-settled players with a track record.
This kind of organizations normally have solid corporate-administration rehearses, and have produced riches for their financial specialists gradually and consistently over a long -term.
These corporate houses are for the most crucial part among the most profoundly pursued on the market. It contributes a powerful part of their investible corpus.
As per the new SEBI’s re-categorization, there are certain things which will decide whether the company is small-cap, mid-cap or large-cap. Well, when it comes to large-cap companies then, these are the firms which fall in the top 100 ranks of the mentioned benchmark.
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Ranking of Top 10 Large Cap Equity Funds in India:
| Rank | Name of the Mutual Fund | 1 Yr. Return | 3 Yr. Return |
| 1 | ICICI Pru Bluechip Inst I-G | 0.37% | 12.71% |
| 2 | ICICI Prudential Bluechip Fund Direct-Growth | -0.36% | 12.70% |
| 3 | HDFC Top 100 Direct-G | -1.66% | 12.57% |
| 4 | Reliance Large Cap Direct-G | 0.42% | 12.54% |
| 5 | IDBI Nifty Junior Index Direct-G | -10.07% | 12.22% |
| 6 | Axis Bluechip Direct-G | 5.11% | 12.16% |
| 7 | Indiabulls Bluechip Direct-G | -1.90% | 11.93% |
| 8 | Motilal Oswal Focused 25 Fund Direct-Growth | -4.01% | 9.52% |
| 9 | HDFC Top 100-G | -2.43% | 11.74% |
| 10 | Canara Robeco Bluechip Equity Direct-G | 3.18% | 11.46% |
What are Equity Funds & Large Cap Funds?
Equity Fund is the type of private investment in mutual fund. It invests 60% of overall assets in equity shares of companies. It actually buys ownership of the businesses.
The very basic denominator with an equity fund is the want for management of the fund to search good options to trade in the businesses that will grow in future at a high pace.
Types of Equity Fund:
Equity is not alone as it has so many sub-categories or we can say types. So, here have a look at the wide aspects of equity types:
Based on Geography:
- International Equity Funds: The fund put resources into stocks outside of the United States.
- Global Equity Funds: The funds which put resources into stocks far and wide incorporating those in the USA yet will in general support remote stocks by at any rate 80% of their general portfolio weighting.
- Household Equity Funds: The funds which put resources into stocks exclusively in the nation of origin of the speculator and backer.
Based on Market Capitalization:
- Large- Cap Equity Funds: It is the fund which put resources into organizations with a substantial market capitalization.
- Mid Cap Equity Funds: The funds that put resources into organizations with a medium market capitalization.
- Small Cap Equity Funds: The funds which set resources into organizations with a little market capitalization.
- Mega-Cap Equity Funds: These are the funds that put resources into supplies of the greatest organizations on the world-market.
Details of Best Large Cap Equity Funds of 2024
Find the list of 10 best large cap equity funds in India:
ICICI Pru Bluechip Inst I Fund – G:
The initial objective of this fund is to make long-term capital recognition and income allocation to several investors. It is the type of open-ended fund which gives continuous growth in the return.
It fund was launched on May 07, 2008 under Nifty 100. Apart from that, you can easily start investing in this by just a minimum investment of Rs. 100.
The returns of this fund are:
| Period | Return |
| 6th month | 0.90% |
| 1st year | 0. 37% |
| 3rd year | 12.71%. |
ICICI Prudential Bluechip Fund Direct Fund – Growth:
The basic concept of this fund was started on Jan 01, 2013 under the benchmark of Nifty 100 and with the primary objective to create a long-term capital appreciation and income distribution to investors.
ICICI funds are very cheap but, the return is great as you can invest with Rs. 100 only.
The return of this fund is as follows:
| Period | Return |
| 6th month | 0.90% |
| 1st year | 0. 36% |
| 3rd year | 12.70%. |
HDFC Top 100 Fund
HDFC Top 100 Fund-Direct Plan (G) will give you long-term income by investing in Large-Cap companies. As most secure mutual fund, HDFC helps you to get many advantages with the minimum investment of Rs.5000.
This is the open-ended fund type and launched on Jan 03, 2001. The size of the assets is Rs. 12964. 34 and asset date is Sep 30, 2021. The fund was renamed from HDFC Top 200 to HDFC Top 100 Fund.
Here have a look at the return of this fund:
| Period | Return |
| 6th month | 5.90% |
| 1st year | -1.66% |
| 3rd year | 12.57% |
Reliance Large Cap Direct Fund – G
The main aim of this scheme is to create a capital appreciation of long-term by investing the money into equity as well as equity related instruments of large-cap companies.
Well, no surety of getting objective of the Scheme will be achieved. The fund was started on Jan 03, 0001 and has tremendous growth. Asset size is 1265.54 and date is Sep 30, 2021.
Return of Reliance Large Cap fund is as follows:
| Period | Return |
| 6th month | 4.70% |
| 1st year | 1. 42% |
| 3rd year | 12. 54% |
IDBI Nifty Junior Index Direct Fund – G
The primary objective of this fund is to invest money only in CNX Nifty Junior Index. Apart from that, the objective of this index is to aim the replicate the performance of the Total Returns Index of CNX Nifty Junior Index.
The asset size is 9.31 and date is Sep 30, 2021.The fund was started on Jan 01, 2013.
The returns of this fund are:
| Period | Return |
| 6th month | -0.80% |
| 1st year | -10.07% |
| 3rd year | 12.22% |
Axis Bluechip Direct Fund – G
To accomplish long-term capital increase by putting resources into a differentiated portfolio transcendently comprising of value and value related securities including subsidiaries.
Launched on Feb 01, 2013 under the benchmark of the Nifty 50 while the asset of this fund is 202.04 and date is SEP 30, 2021. The minimum investment money under this fund is Rs.5000.
The returns of this fund are as follows:
| Period | Return |
| 6th month | -0.80% |
| 1st year | -10.07% |
| 3rd year | 12.22% |
Indiabulls Bluechip Direct Fund – G
Indiabulls Blue Chip Fund is the best large-cap fund as it has a primary objective to look to provide long-term capital.
This fund was started on Jan 01, 2013 under the benchmark of Nifty 50 and with the minimum investment of Rs. 5000.
The important returns of this fund are as follows:
| Period | Return |
| 6th month | 0.10% |
| 1st year | -1.90% |
| 3rd year | 11.93% |
Motilal Oswal Focused 25 Fund Direct Fund – Growths
The target of the scheme tries to accomplish long haul capital increase by putting resources into up to 25 organizations with long-haul feasible upper hand and development potential.
It is the open-ended equity fund. Under benchmark of Nifty 50, this fund was started in Feb 05, 2013.
Motilal has good return percentage and here is the important one:
| Period | Return |
| 6th month | -4.30% |
| 1st year | -4.01% |
| 3rd year | 9.52% |
HDFC Top 100 Fund – G
The main objective of this fund is to give high pay return by putting the amount in Large-Cap organizations. The main objective of this firm is to give extra-benefit.
This is very amazing and mostly preferred fund by the investors. HDFC has the highest return.
Here have a look at the important duration returns:
| Period | Return |
| 6th month | 5.90% |
| 1st year | -2.43% |
| 3rd year | 11.74% |
Canara Robeco Bluechip Equity Direct-G
Canara Robeco Bluechip Equity Direct-G is very popular in the mutual market. It was launched in Jan 02, 2013 under the benchmark of S&P BSE 100.
The asset size of this fund is Rs. 9.08 cr and date is Sep 30, 2021.
The returns of this fund are:
| Period | Return |
| 6th month | 5.90% |
| 1st year | -2.43% |
| 3rd year | 11.74% |
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