For investors with an investment horizon of at least 3-4 years, large-cap equity funds can be a suitable option to generate strong returns while maintaining relative stability. However, it is important to note that these investments may still carry the risk of moderate short-term losses.
Below are the top five best-performing large-cap equity mutual funds that have delivered the best performance based on their 3-year annualised returns of up to 20 percent:
1. Bandhan Large Cap Fund
With assets under management (AUM) of Rs. 1,917.5 crores, the Bandhan Large Cap Fund – Direct Plan – Growth has delivered 3-year annualised returns of around 16.5 percent and an absolute return of around 58 percent. The fund’s net asset value (NAV) of Rs. 88.5, with an expense ratio of 0.88 percent.
The fund has 99.69 percent allocation to domestic equities, comprising 57 percent in large-cap stocks, 6.26 percent in mid-cap stocks, and 4.54 percent in small-cap stocks.
2. Invesco India Largecap Fund
With assets under management (AUM) of Rs. 1,528 crores, the Invesco India Largecap Fund – Direct Plan – Growth has delivered 3-year annualised returns of around 17 percent and an absolute return of around 61 percent. The fund’s net asset value (NAV) is Rs. 82.6, with an expense ratio of 0.71 percent.
The fund has 99.57 percent allocation to domestic equities, comprising 50.87 percent in large-cap stocks, 6.78 percent in mid-cap stocks, and 4.81 percent in small-cap stocks.
3. DSP Large Cap Fund
With assets under management (AUM) of Rs. 6,399 crores, the DSP Large Cap Fund – Direct Plan – Growth has delivered 3-year annualised returns of around 18 percent and an absolute return of around 64 percent. The fund’s net asset value (NAV) of Rs. 514.25, with an expense ratio of 0.88 percent.
The fund has 90.92 percent allocation to domestic equities, comprising 67.55 percent in large-cap stocks, 3.37 percent in mid-cap stocks, and 0.89 percent in small-cap stocks.
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4. ICICI Prudential Large Cap Fund
With assets under management (AUM) of Rs. 71,788 crores, the ICICI Prudential Large Cap Fund – Direct Plan – Growth has delivered 3-year annualised returns of over 18 percent and an absolute return of around 65 percent. The fund’s net asset value (NAV) of Rs. 121.74, with an expense ratio of 0.85 percent.
The fund has 90.71 percent allocation to domestic equities, comprising 75.15 percent in large-cap stocks, 3.38 percent in mid-cap stocks, and 0.1 percent in small-cap stocks. The fund has 0.78 percent investment in Debt, of which 0.78 percent is in Government securities.
5. Nippon India Large Cap Fund
With assets under management (AUM) of Rs. 44,164.7 crores, the Nippon India Large Cap Fund – Direct Plan – Growth has delivered 3-year annualised returns of around 20 percent and an absolute return of around 73 percent. The fund’s net asset value (NAV) of Rs. 101.6, with an expense ratio of 0.65 percent.
The fund has 98.87 percent allocation to domestic equities, comprising 62.32 percent in large-cap stocks, 7.3 percent in mid-cap stocks, and 3.5 percent in small-cap stocks.
Written by Shivani Singh
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