Investors looking for consistent and reliable returns often turn to large-cap equity mutual funds, which primarily invest in India’s top 100 companies. These funds are known for their stability and ability to outperform benchmarks over the long term. As per the latest data from the Association of Mutual Funds in India (AMFI), several largecap funds have not only delivered impressive returns but have also outpaced their respective benchmarks.

Top Performers in the Largecap Category

Among the standout performers, the Nippon India Largecap Fund led the way with a return of 19.22%, surpassing the BSE 100 Total Return Index, which stood at 17.16%. Similarly, the ICICI Prudential Bluechip Fund posted an exceptional 19.47% return, outperforming the NIFTY 100 Total Return Index by a wide margin (benchmark return: 16.37%).

Here’s a detailed list of top-performing largecap mutual funds and their respective benchmark comparisons:

Nippon India Large Cap Fund

Return: 19.22%
Benchmark (BSE 100 Total Return Index): 17.16%

ICICI Prudential Bluechip Fund

Return: 19.47%
Benchmark (NIFTY 100 Total Return Index): 16.37%

Invesco India Largecap Fund

Return: 19.11%
Benchmark (NIFTY 100 Total Return Index): 16.37%

Canara Robeco Bluechip Equity Fund

Return: 18.98%
Benchmark (BSE 100 Total Return Index): 17.16%

JM Large Cap Fund

Return: 18.86%
Benchmark (BSE 100 Total Return Index): 17.16%

Baroda BNP Paribas Large Cap Fund

Return: 18.58%
Benchmark (NIFTY 100 Total Return Index): 16.37%

Edelweiss Large Cap Fund

Return: 18.37%
Benchmark (NIFTY 100 Total Return Index): 16.37%

Kotak Bluechip Fund

Return: 18.25%
Benchmark (NIFTY 100 Total Return Index): 16.37%

Bandhan Large Cap Fund

Return: 18.10%
Benchmark (BSE 100 Total Return Index): 17.16%

HDFC Top 100 Fund

Return: 17.59%
Benchmark (NIFTY 100 Total Return Index): 16.37%

Understanding Largecap Mutual Funds

Largecap mutual funds invest in well-established companies with a proven track record of performance. These companies are part of India’s top 100 based on market capitalization and are recognized for their resilience in various market conditions.

Difference Between Largecap and Blue-Chip Stocks

Although the terms “largecap” and “blue-chip” are often used interchangeably, they are not synonymous. Blue-chip stocks are a subset of largecap stocks, representing the most reliable and financially sound companies with a history of consistent performance. However, not all largecap stocks qualify as blue-chip stocks.

Why Invest in Largecap Mutual Funds?

Largecap mutual funds are ideal for investors seeking stable and moderate growth with lower risks compared to midcap or smallcap funds. These funds are suitable for long-term goals, providing both capital appreciation and relative safety.

Story first published: Saturday, November 23, 2024, 6:15 [IST]