Large cap funds are always a best bet for investors looking to get reasonable returns in the markets as the money will be invested in the top companies. Let us discuss 3 best Mutual Funds in this category as considered by Value Research an investment advisor firm which also provides rating to Mutual Funds based on a set of parameters.
Canara Robeco Bluechip Equity Fund
The fund has given a return of 18℅ in the last 5 years, 19℅ in the last 3 years and 48% in the last 1 year. The fund has Assets under management of ₹3308 crores with nearly 94% of this is invested in equities and has an expense ratio of only 0.44℅.
The fund's investment includes companies like HDFC Bank, Infosys, ICICI Bank, Reliance Industries, TCS, HDFC LTD, SBI etc. Finance and Technology are the top sectors in the fund's portfolio. Minimum investment of ₹1000 every month is sufficient to begin investing journey with this fund.
Axis Bluechip Fund
One of the popular large cap fund among investors with Assets under management of ₹28,233 crores has generated returns of 18% ,16.30% and 43.21% in the last 5, 3 and 1 year respectively.
The fund has heavily invested in Finance and Technology sector with 55% of fund's portfolio being allocated to these 2 sectors. The fund has invested in the top performers and consistent compounders of these sectors.
One can start an SIP in this fund with minimum amount of ₹500 per month. The fund has an expense ratio of 0.5% which is considered good for an actively managed fund like this.
MIRAE Asset Large Cap Fund
This fund is rated 5 star from value research has given returns of 17% in the last 5 years, 16% in last 3 years and 49.5% in last 1 year. The fund has an Assets under management of ₹26,747 crores and has an expense ratio of 0.54%.
Minimum amount required to start an SIP in this fund is ₹1000 per month. The fund's portfolio includes stocks like ICICI Bank, Axis Bank, Reliance, TCS, HUL, Maruti Suzuki, Infosys, Bharti Airtel, Hdfc Bank etc.
Disclaimer:
Mutual fund investments are subject to market risks. One should make own study or consult financial advisor before making any investment decisions. The article is only for information purpose.
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