Before investing in a mutual fund scheme, investors tend to weigh a number of pros and cons. Some of the key factors include category of fund, reputation of fund house, risk appetite of investor and importantly – the past performance of that particular scheme vis-à-vis other schemes in the same category.
Here we give a lowdown on the top performing large cap mutual funds, particularly the ones that delivered a return higher than 12 percent in the past five years.
What are large cap funds?
At the outset, we can first define what are large cap mutual funds. The large cap mutual funds refer to the schemes that invest a minimum of 80 percent of their assets in large cap stocks i.e., the securities of top 100 companies ranked in terms of their market capitalisation.
The large cap mutual funds that have delivered healthy CAGR returns of more than 12 percent per annum in the past five years include Nippon India Large Cap Fund, Canara Robeco Bluechip Equity Fund, ICICI Prudential Bluechip Fund, Baroda BNP Paribas Large Cap Fund, SBI Bluechip Fund and HDFC Top 100 Fund.
| Large Cap funds | 5-year-returns (%) |
| Nippon India Large Cap Fund | 13.15 |
| Canara Robeco Bluechip Equity Fund | 12.81 |
| ICICI Prudential Bluechip Fund | 12.53 |
| Baroda BNP Paribas Large Cap Fund | 12.47 |
| SBI Bluechip Fund | 12.06 |
| HDFC Top 100 Fund | 12.05 |
(Source: AMFI, data as on Aug 21)
Here we briefly describe each of these schemes:
Nippon India Large Cap Fund: It was launched on Aug 8, 2007 and its AUMs now amount to ₹15,654 crore. Its return since launch is 12.27 percent per annum. Its key constituent stocks include HDFC Bank, ICICI Bank, RIL, SBI and L&T.
Canara Robeco Bluechip Equity Fund: It was launched on Aug 20, 2010 and its AUMs now amount to ₹10,071 crore. Its return since inception is 12.38 percent CAGR. The key constituent stocks are HDFC Bank, ICICI Bank, RIL, Infosys and L&T.
ICICI Prudential Bluechip Fund:It was launched on May 23, 2008. Its AUMs amount to ₹39,937 crore. It gave 14.31 percent CAGR return per annum since inception. The key constituent stocks are ICICI Bank, Treps, RIL, L&T and HDFC Bank.
Baroda BNP Paribas Large Cap Fund: It was launched on Sept 23, 2004 and its AUMs amount to ₹1,496 crore. The fund has delivered 15.71 percent CAGR return since its launch. The key constituent stocks include HDFC Bank, ICICI Bank, RIL, Treps and L&T.
SBI Bluechip Fund: It was launched on Feb 14, 2006 and its current AUMs now amount to ₹38,688 crore. The fund has given a CAGR return of 11.76 percent per annum since its inception. The key constituent stocks in the scheme are HDFC Bank, ICICI Bank, ITC, L&T and Infosys.
HDFC Top 100 Fund: It was launched on Oct 11, 1996 and its AUMs amount to ₹25,521 crore. The fund has delivered a CAGR return of 18.79 percent per annum since its inception. The key constituent stocks are HDFC Bank, ICICI Bank, RIL, ITC and Infosys.
Note: This story is for informational purposes only. Please speak to a SEBI-registered investment advisor before making any investment related decision.
