Top 5 Large Cap funds in India for 2018
What are Large Cap Mutual Funds?
Large cap Mutual Funds are a type of equity where funds are invested in a large portion with companies of large market capitalization. These are essentially large companies with large businesses and big teams. Large cap mutual funds invest in those firms that have more possibility of showing year on year steady growth and high profits, which in turns also offers stability over a time. Investors who are looking for a long-term capital appreciation can find large cap funds to be the ideal option for investment. Since blue chip companies are financially strong these funds tend to give stable returns over other equity funds.
We at the Upwardly Research Team have done the hard work on your behalf and prepared the list of top 5 Large Cap funds for 2018.
1. Kotak Select Focus Fund
With asset size of 17,000 crores, Kotak Select Focus is one of the most trusted large cap funds. 11% annualized 3-year returns and 21% annualized 5-year returns make it one of the best performing large cap funds in the market. It has beaten its benchmark in all 7 years since the launch, a rare feat! A SIP worth ₹5,000 in this fund started 5 years ago is worth ₹5.21 lakh now. The fund is managed by Harsha Upadhyaya, Chief Investment Officer of Kotak Mutual Fund.
2. Mirae Asset India Opportunities Fund
With 3-year annualized returns of 11.88% and 5-year returns of 20.21%, this fund has delivered strong performance. It has outperformed its benchmark and most of its peers in every single year since its inception. Neelesh Surana is the lead fund manager and also heads the equity function in the capacity of chief investment officer. A SIP worth ₹5,000 in this fund started 5 years ago is worth ₹5.2 lakh now.
3. SBI Bluechip Fund
This fund has managed to beat its benchmark and category in each of the last five years. It invests in the top 100 companies in terms of market capitalization, with the flexibility to invest up to 20 per cent in mid-cap stocks. With 3-year annualized returns of 9.24% and 5-year returns of 17.41%, these are 6–7 percentage points higher than the benchmark returns and 5 percentage points more than the peer returns. A SIP worth ₹5,000 in this fund started 5 years ago is worth ₹4.8 lakh now. Ms. Sohini Andani is the fund manager.
4. Axis Focused 25 Fund
It invests in concentrated portfolio of equity & equity related instruments of upto 25 companies, primarily in companies among the top 200 in terms of market capitalisation. This fund has managed to beat its benchmark and category over the last 3 years. The 3-year and 5-year annualized returns are 11.46% and 16.33% respectively. An SIP worth ₹5,000 in this fund started 5 years ago is worth ₹4.7 lakh now. Jinesh Gopani, Head of Equity at Axis Mutual Fund is the fund manager.
5. ICICI Prudential Focused Bluechip Equity Fund
This fund has beaten both category and benchmark in five of the seven years since launch. A well-timed start in the downbeat market of May 2008 helped the fund deliver blockbuster performance in its first year itself. It usually parks 90 per cent plus of its assets in large caps, with 5–10 per cent to mid-caps. With 3-year annualized returns of 9.05% and 5-year returns of 16.40%, these are 4–5 percentage points ahead of the benchmark. An SIP worth ₹5,000 in this fund started 5 years ago is worth ₹4.7 lakh now. The seasoned Sankaran Naren took over the reins as fund manager in July, 2017.
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Originally published at www.upwardly.in on February 22, 2018.
