Top 5 large-cap mutual funds with over 40% returns in 1 year
Large-cap mutual funds invest their money in large-cap companies, and are less vulnerable to market fluctuations than small- and mid-cap mutual funds. The large-cap mutual fund categorys returns in the last year have been 38.99 per cent, compared to mid caps 50.76 per cent and small caps 54.62 per cent (As per Amfi data). Large funds from Quant, Bank of India, Taurus, JM, and Nippon India have given the best returns in the last one year. Know more details about these funds.
5 Top Large-cap Mutual Funds: Even as the Association of Mutual Funds in India (AMFI) wrote mutual fund houses about Sebi's concerns for "froth building up in small and midcap segments" amid continuing flows in mid- and small-cap funds, large-cap mutual funds are performing well. Large-cap mutual funds invest their money in large-cap companies, and are less vulnerable to market fluctuations than small- and mid-cap mutual funds. The large-cap mutual fund category's returns in the last year have been 38.99 per cent, compared to mid caps' 50.76 per cent and small caps' 54.62 per cent (As per Amfi data).
Though small- and mid-cap mutual funds have given better returns in the last one year, many large-cap mutual funds have given returns of over 40 per cent.
Here is a list of five large-cap mutual funds with returns over 40 per cent in one year.
Quant Large Cap Fund
This large-cap fund tops the chart with a 54.87 per cent return in one year against the 32.85 per cent return of its benchmark, the NIFTY 100 Total Return Index.
The fund that was launched in August 2022 had Assets Under Management (AUMS) of Rs 640.34 crore and the net asset value (NAV) of the fund stands at Rs 14.3954.
The expense ratio for the fund is 0.77 per cent compared to the category average of 0.99 per cent.
The fund has 73.57 per cent of its investment in domestic equities with large caps having the biggest share at 37.62 per cent.
The fund has just 21 stocks in its portfolio against the category average of 48.87.
The main stocks in its portfolio are RIL, LIC, and Britannia Industries.
A Rs 10,000 investment in the fund one year ago would have given Rs 15486.80 to the investor now.
Bank of India Bluechip Fund
This large-cap fund stands in second position with a one-year return of 44.91 per cent.
The fund's AUM is Rs 125.17 crore, and its NAV is Rs 15.1300.
It has an expense ratio of 1.36 per cent.
The fund has 95.48 per cent of its investment in domestic equities with the biggest chunk in large caps at 61.95 per cent.
It has 40 stocks in its portfolio with HDFC Bank, NTPC, and RIL as the leading ones.
Had one invested Rs 10,000 in the fund one year ago, they would have got Rs 14618.40 in today's time.
Taurus Large Cap Fund
The fund's return in one year is 45.54 per cent against the 32.03 percent return of its benchmark, the S&P BSE 100 Total Return Index.
The fund's AUM is Rs 43.60 crore, while its NAV's size is Rs 147.3600.
The 11-year-old fund has a high expense ratio of 2.55 per cent.
The fund has 97.11 per cent of its investments in domestic equities, of which 67.72 per cent is in large caps.
It has 33 stocks in its portfolio, and HDFC Bank, HCL Tech and Coal India are its main stocks.
A Rs 10,000 investment in the fund a year ago would have given Rs 14554.10 now.
JM Large Cap Fund
The fund has given returns of 44.40 per cent in the last one year.
It has also comprehensively beaten its benchmark, the S&P BSE 100 Total Return Index.
The fund holds an AUM of Rs 99.71 crore, while its NAV as of date stands at 158.9394.
The 11-year-old fund has a high expense ratio of 1.75 per cent.
The fund has a large percentage (97.47 per cent) of its investments in domestic equities, with 63.23 per cent in large-cap stocks.
The fund has 33 stocks in its portfolio.
Bank of Baroda, Infosys, and Larsen & Toubro are the main stocks in JM Large Cap Fund's portfolio.
Nippon India Large Cap Fund
At No. 5, this fund from Nippon has also given more than a 40 percent return (42.63 per cent) in the last one year.
It has beaten its benchmark, the NIFTY 100 Total Return Index, by a large margin.
The fund's AUM is Rs 22,608.50 crore, while its NAV is Rs 83.6231. The fund has an expense ratio of 0.82 per cent.
Its 98.41 per cent investments are in domestic equities, with 63.68 per cent of them in large stocks.
The fund has 55 stocks in its portfolio compared to the category average of 48.87.
The fund's main stocks are HDFC Bank, ICICI Bank, and RIL. Had one invested Rs 10,000 in the fund a year ago, they would have got Rs 14262.80 as per the current market value of its NAV.
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