Indian large-cap indices continue their upward trajectory in 2024 after ending 2023 on a positive note, with large-caps recording robust gains for the eighth consecutive year.
Large caps collectively gave an average of 35.69 per cent over the past year. Although these stocks have growth potential, they are meant for the long term. Their five-year returns stood at 17.67 per cent, though less than small- and midcaps, but rock-solid stable. Large-caps have historically shown stability during economic upheavals, offering better risk-reward ratios, with large-cap indexes outperforming mid and small-cap indices in 7 out of the last 17 calendar years.
In the large-cap space, there are 30 funds, of which five are under five years old. From the remaining 25 funds, Outlook Money lists the top 10 performing funds from ranked one to 10.
1. Baroda BNP Paribas Large Cap Fund
The Baroda BNP Paribas Large Cap Fund leads the pack with a remarkable 20.28 per cent return over five years and is backed by a substantial AUM of Rs. 1,820 crores.
As per the Sebi SIP calculator, a monthly SIP of Rs 5,000 in Baroda BNP Paribas Large Cap Fund would have grown to around Rs 5.13 lakh in a five-year period, where Rs 3 lakh would have been the total investment. A SIP of Rs 10,000 per month would have grown to Rs 10.31 lakh.
2. Canara Robeco Bluechip Equity Fund
The Canara Robeco Bluechip Equity Fund follows closely, showing a robust 19.90 per cent return. The fund commands a huge AUM of Rs. 12,272 crores, reflecting investor confidence. A monthly SIP of Rs 5,000 in this fund would have grown to around Rs 5.07 lakh in a five-year period where Rs 3 lakh would have been the total investment. A SIP of Rs 10,000 per month would have grown to Rs 10.16 lakh.
3. Nippon India Large Cap Fund
The Nippon India Large Cap Fund delivered a robust 19.83 per cent return. It also holds a formidable AUM of Rs. 22,799.37 crores and is one of India's oldest large-cap funds.
4. ICICI Prudential Bluechip Fund
Boasting the highest AUM of Rs. 51,813.37 crores among its peers, this fund shines with a 19.79 per cent return. The AUM of funds matters the least, especially when considering the large-cap category, but it signifies investor confidence.
5. Edelweiss Large Cap Fund
The Edelweiss Large Cap Fund demonstrated consistent performance across tenures and gave a solid 19.10 per cent return.
6. Kotak Bluechip Fund
The Kotak Bluechip Fund delivered a strong return of 18.94 per cent and have stable returns across tenures.
7. Invesco India Largecap Fund
The Invesco India Largecap Fund achieved an impressive 18.53 per cent return and has given 13.37 per cent returns since launch.
8. JM Large Cap Fund
The JM Large Cap Fund registered a notable 18.48 per cent return and has been one of India's old funds. However, it has the smallest AUM size of Rs 97 crores among its peers. It also has the highest one-year return among the peers in this list at 44.64 per cent.
9. HDFC Top 100 Fund
The HDFC Top 100 Fund comes in the 9th place and reports an impressive 18.10 per cent return, backed by one of the highest AUM in the industry, a whopping Rs 31,826.83 crores.
10. Bandhan Large Cap Fund
Closing the list at 10 the position, the Bandhan Large Cap Fund shows an impressive 18.10 per cent return. Even if investors had invested Rs 10,000 SIP monthly in this fund, around Rs 6 lakh worth of total investment would have grown to Rs 9.6 lakh in 5 years.
