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Which Large Cap Funds to Invest in 2019?

Mutual Funds67 views

Highlights

  • Top performing large cap funds to have your eyes on with their 1-year, 3-year and 5-year returns.
  • Seeking funds with a moderate risk profile? Here are some recommended Large Cap Funds to end your search.

Before we get to the crux of the hour, let us first understand what large cap Funds are and who should invest in these funds. Large cap funds are those schemes that invest a major chunk of their corpus in the stocks of companies that have a high market capitalization. According to the new SEBI’s categorisation update, large cap schemes should invest 80% of their corpus in top 100 companies based on the market capitalization.

Cautious investors, who have a moderate risk exposure and want stable returns, should invest in large cap funds. Investors should always remember that in order to generate high returns from large cap equity investments, one needs to invest in the fund for a minimum of 6 to 7 years. As these schemes invest in the stocks of companies with high market capitalization, the returns are more stable than small and mid cap companies, even when the market is in doldrums.

Recommended Large Cap Funds to Invest in 2019!

ICICI Prudential Bluechip Fund

It is an open-ended equity scheme that invests primarily in the stocks of large cap companies. If you want to make the most of out ICICI Prudential Bluechip Fund, you have to undertake a long-term investment. The fund has shown some outstanding return in the long haul. Since its inception, it has provided a return of 13.64% , which is one of the highest in its category. And, the current NAV is INR 41.66.

Reliance Large Cap Fund

The objective of this mutual fund scheme is to generate capital appreciation by investing in equity stocks of top 100 companies according to market capitalization. The fund has shown steady returns since its launch (August 08, 2007), giving upto 10.86%. The current NAV at which you can buy the units of the scheme is INR 34.31.

Mirae Asset India Equity Fund

The scheme invests in stocks of large cap companies that will do well in the medium term. Testimony to this is its high returns since its inception, resulting upto 15.42%, which is one of the highest in this category. This scheme is benchmarked against S&P BSE 200. If you want to invest in the scheme via lumpsum, you need to make a minimum investment of INR 500.

Axis Bluechip Fund

The scheme was launched on April 6, 2005. Since then it has outperformed the benchmark index generating a return of 11.82%. This scheme is suitable for people who want to generate high returns over a long period of time. Risk associated with the scheme is a bit higher than other large cap schemes. The current NAV of the scheme is INR 29.04. 

SBI Nifty Index Fund

SBI Nifty Index Fund was launched with the objective to provide capital appreciation to those investors who wanted higher returns in the long haul while keeping their risk profile moderate. Since its inception it has provided returns upto 13.97%.



Note: All the data  that has been mentioned in this article is sourced from Value Research as on July 19, 2019. Return data mentioned here is in respect to Regular Plan.

Disclaimer: Mutual Fund Investments are subject to market risks, read all scheme related documents carefully before investing.