Top 10 Large-cap Equity Mutual Funds: The smallcap and midcap indices witnessed heavy selling pressure amid a sharp fall on March 13 in Wednesday’s trading session. The BSE smallcap gauge tanked by 5.11 percent, while the midcap index declined by 4.20 percent. The massive decline was witnessed two days after SEBI chairperson Madhabi Puri Buch had said that there are pockets of froth in the small and mid-cap stocks, and the regulator is looking into the same to come out with a possible consultation paper.
The sharp fall has renewed the interest of investors in the blue-chip large-cap companies which have shown stable returns over the period. The mutual fund investors in these companies may be yielding lower returns as compared to microcap and smallcap space, however, the interests have shown lower fluctuations comparatively to others, thus, providing mental peace to lakhs of investors who have opted for the SIP or lump sum investment in the blue-chip mutual funds. We have compiled a list of 10 large-cap equity mutual funds with the highest returns in the last three years.
Top 10 Large-cap Equity Mutual Funds
1) Nippon India Large Cap Fund
Nippon India Large Cap Fund which is a constituent of the S&P BSE 100 index has delivered 23.09 percent returns in the last three years in the direct plan and 22.06 percent on regular. It has a daily Assets Under Management (AUM) of Rs 23,307.26 crore.
2) ICICI Prudential Bluechip Fund
ICICI Prudential Bluechip Fund which is a constituent of the NIFTY 100 index has delivered 20.29 percent returns in the last three years in the direct plan and 19.57 percent on regular. It has a daily Assets Under Management (AUM) of Rs 52,186.35 crore.
3) JM Large Cap Fund
JM Large Cap Fund which is a constituent of the S&P BSE 100 index has delivered 19.77 percent returns in the last three years in the direct plan and 18.74 percent on the regular plan. It has a daily Assets Under Management (AUM) of Rs 108.19 crore.
4) HDFC Top 100 Fund
HDFC Top 100 Fund which is a constituent of the NIFTY 100 index has delivered 20.08 percent returns in the last three years in the direct plan and 19.37 percent on regular. It has a daily Assets Under Management (AUM) of Rs 31,859.12 crore.
5) Baroda BNP Paribas Large Cap Fund
Baroda BNP Paribas Large Cap Fund which is a constituent of the NIFTY 100 index has delivered 18.31 percent returns in the last three years in the direct plan and 16.90 percent on regular. It has a daily Assets Under Management (AUM) of Rs 1,823.14 crore.
6) Invesco India Largecap Fund
Invesco India Largecap Fund which is a constituent of the NIFTY 100 index has delivered 18.12 per cent returns in the last three years in the direct plan and 16.44 per cent on regular. It has a daily Assets Under Management (AUM) of Rs 955.75 crore.
7) Edelweiss Large Cap Fund
Edelweiss Large Cap Fund which is a constituent of the NIFTY 100 index has delivered 17.63 percent returns in the last three years in the direct plan and 15.85 percent on regular. It has a daily Assets Under Management (AUM) of Rs 786.62 crore.
8) Tata Large Cap Fund
Tata Large Cap Fund which is a constituent of the NIFTY 100 index has delivered 16.91 percent returns in the last three years in the direct plan and 15.79 percent on regular. It has a daily Assets Under Management (AUM) of Rs 2,004.76 crore.
9) Bandhan Large Cap Fund
Bandhan Large Cap Fund which is a constituent of the S&P BSE 100 index has delivered 16.86 percent returns in the last three years in the direct plan and 15.42 percent on regular. It has a daily Assets Under Management (AUM) of Rs 1,346.97 crore.
10) Mahindra Manulife Large Cap Fund
Mahindra Manulife Large Cap Fund which is a constituent of the S&P BSE 100 index has delivered 16.72 percent returns in the last three years in the direct plan and 14.63 percent on regular. It has a daily Assets Under Management (AUM) of Rs 395.28 crore.
The article originally appeared on Times Now.