Large cap funds are a powerful tool to help you achieve your financial objectives. Known for their potential for long-term growth and stability, these mutual funds invest in well-established and financially sound companies. By investing in the right large cap funds, you can balance growth and safety. This explains why large cap funds are a preferred choice to build wealth.
In this post, we will guide you on the five best-performing large cap funds that can help you build an INR 1 crore portfolio with a monthly investment of INR 40,000.
Top Large Cap Funds for Investment
Here’s the list of the top five large cap mutual funds investors must check out.
| Mutual Fund | Current Value of SIP (₹) | XIRR (%) |
|---|---|---|
| Nippon India Large Fund | 1,20,34,676.41 | 17.69 |
| ICICI Pru Bluechip Fund | 1,15,81,193.87 | 16.97 |
| Baroda BNP Paribas Large Cap Fund | 1,10,50,992.16 | 16.09 |
| HDFC Top 100 Fund | 1,09,91,183.18 | 15.99 |
| Canara Rob Bluechip Equity Fund | 1,09,78,952.43 | 15.97 |
- Nippon India Large Cap Fund
Over the last decade, the Nippon India Large Fund has been the best-performing mutual fund in its category. The fund mainly invests in domestic equities, of which the majority is allocated to large cap stocks. It’s suitable for investors looking for high returns while putting their funds in for at least 3 to 5 years.
- NAV: INR 88.8894
- Fund size: INR 29533.68 crore
- Expense ratio: 1.61%
- Investments: Key sectors where this mutual fund invests are private sector banks, FMCG, refineries and marketing, civil constructions, and NBFCs.
- ICICI Prudential Bluechip Fund
This is a popular large cap fund that turned a monthly SIP of INR 40,000 into INR 1 crore in the last 10 years. The fund invests 91.2% of its assets in domestic equities, more than 80% of which is in large cap stocks.
- NAV: INR 107.5
- Fund size: INR 59364.4 crore
- Expense ratio: 1.47%
- Investments: Some of the major sectors that the ICICI Prudential Bluechip Fund invests in are private sector banks, refineries and marketing, civil construction, automotive, pharmaceuticals, and telecom.
- Baroda BNP Paribas Large Cap Fund
This large cap fund ranks third in our list of best funds to grow your wealth in 10 years. Its XIRR of 16.09% looks impressive in terms of returns.
- NAV: INR 258.1074
- Fund size: INR 2120.44 crore
- Expense ratio: 0.87%
- Investments: This large cap fund invested most of its assets in refineries and marketing. Other prominent sectors are private sector banks and civil construction.
- HDFC Top 100 Fund
With 99.01% investment in domestic equities, the HDFC Top 100 Fund finds its name among the best-performing funds in its category.
- NAV: INR 1148.88
- Fund size: INR 35435.30 crore
- Expense ratio: 1.61%
- Investments: The key sectors of investment are refineries and marketing, private sector banks, power generation, civil construction, and power generation.
- Canara Rob Bluechip Equity Fund
With an impressive performance over the last decade, Canara Rob Bluechip Equity Fund still has the potential to help you build significant wealth.
- NAV: ₹ 61.33
- Fund size: INR ₹ 13930.64 crore
- Expense ratio: 1.66%
- Investments: The Canara Rob Bluechip Equity Fund primarily invests in private sector banks, refineries and marketing, computers, telecom, civil construction, and cement.
Conclusion
Now that you know the best large cap funds to build wealth, align your financial goals, and create a SIP. Considering the medium time horizon of 10 years, these funds are a suitable avenue for investors with moderate risk appetite.