Largecap or Bluechip funds: Rs 1 lakh grew to at least Rs 3.82 lakhs in these 3 top rated, low-cost funds in 10 years

At a time, when valuations of the mid and smallcap stocks are slowly and gradually coming out of the frothy levels, investors’ interest given the attractiveness of the largecap funds at the current juncture has been reflected in increasing inflow into the category in the March month. The category drew a net inflow of Rs 2127.79 crore as against Rs 921.14 crore raked in the previous month.

So, as investors may be typically hunting on the largecap funds that can offer lucrative return as there is a belief by experts that heavyweights (typically largecaps) will steal the show this year, here is a quick take on largecap mutual funds which have generated substantial wealth for their investors.

Following are the funds that have almost quadrupled investors’ money in 10 years:

Baroda BNP Paribas Largecap fund- Direct Plan (G):  

This is a CRISIL 4-star fund from the house of BNP Paribas Mutual Fund. Here are the other integral features of the fund:

Assets under management: Rs 1806.39 crore

Net asset value: Rs 229.65 as on April 10, 2024

Minimum investment (lump sum): Rs 5,000

Minimum investment (SIP): Rs 500

Expense ratio: 0.91 per cent

The fund has provided a return of 43.37 per cent in a year, sharply outperforming the category benchmark Nifty 100 total return index’s 35.87per cent return. To put this into perspective, an individual having invested a lump sum amount of Rs 1 lakh in the scheme 10 year ago would have built a corpus of Rs 395913.84, offering an annualised yield of over 17 per cent.

The largest holdings of the fund, which has invested over 95 per cent in equities, include HDFC Bank, ICICI Bank, Reliance Industries, TCS, Infosys, ITC and Trent among others.

Also read: Equity funds log lower inflows month-on-month

Nippon India Largecap Fund- Direct Plan(G): 

This fund has a five star CRISIL rating to its command. Here are the other aspects that need investors’ attention:

Assets under management: Rs 24,378.39 crore

Net asset value: Rs 88.648 as on April 10, 2024

Minimum investment (lump sum): Rs 100

Minimum investment (SIP): Rs 100

The fund has provided a return of  47.87 per cent in a year, sharply outperforming the category benchmark S&P BSE 100 total return index’s 35.15 per cent return. To put this into perspective, an individual having invested a lump sum amount of Rs 1 lakh in the scheme 10 year ago would have built a corpus of Rs 431495.7, offering an annualised yield of over 18.17 per cent.

The largest holdings of the fund, which has invested over 95 per cent in equities, include HDFC Bank, ICICI Bank, Reliance Industries, L&T, SBI, ITC and Bajaj Finance among others.

ICICI Prudential Bluechip Fund (Direct plan):  This is again a CRISIL 5 star rated mutual fund. 

Assets under management: Rs 53,505.33 crore

Net asset value: Rs 106.26 as on April 10, 2024

Minimum investment (lump sum): Rs 100

Minimum investment (SIP): Rs 100

Expense ratio: 0.85 per cent

The fund has provided a return of  42.89  per cent in a year, sharply outperforming the category benchmark Nifty 100 total return index’s 35.87 per cent return. To put this into perspective, an individual having invested a lump sum amount of Rs 1 lakh in the scheme 10 year ago would have built a corpus of Rs 382342, offering an annualised yield of over 17.03 per cent.

The largest holdings of the fund, which has invested over 95 per cent in equities, include Bank, ICICI Bank, Reliance Industries, L&T, Maruti Suzuki and Infosys among others.