Top 10 Large Cap Funds for Growth in 2024

Top 10 Large Cap Funds for Growth in 2024

Begin with an engaging introduction about the importance of investing in mutual funds, specifically large-cap funds. Highlight the stability and reliability these funds offer, making them an attractive option for long-term investment.

What is a Large Cap Fund?

Explain that large-cap funds are mutual funds investing a larger portion of their corpus in companies with large market capitalization. These are considered less volatile than mid-cap and small-cap funds, often preferred by investors looking for stability and steady growth.

Benefits of Investing in Large Cap Funds:

  • Stability in turbulent markets
  • Steady growth potential
  • Lower risk compared to mid and small-cap funds

1. Nippon India Large Cap Fund

  • Expense Ratio: 0.82%
  • 3Y CAGR: 24.03%
  • AUM: ₹20,218 CR

The Nippon India Large Cap Fund is designed for investors seeking substantial returns through investments in large-cap equities. With an impressive 3-year Compound Annual Growth Rate (CAGR) of 24.03% and an expense ratio of 0.82%, it stands out for its efficient management and selection of high-potential companies. Managing assets worth ₹20,218 crore, the fund focuses on sectors showing robust growth and stability, making it a preferred choice for long-term investors.

2. HDFC Top 100 Fund

  • Expense Ratio: 1.08%
  • 3Y CAGR: 21.09%
  • AUM: ₹30,262 CR

The HDFC Top 100 Fund targets the top 100 companies in terms of market capitalization, ensuring a portfolio dominated by industry leaders. Its 21.09% 3-year CAGR showcases its ability to generate significant returns, despite a slightly higher expense ratio of 1.08%. With ₹30,262 crore in assets under management (AUM), this fund leverages HDFC’s seasoned investment approach, prioritizing sectors with strong fundamentals and growth prospects.

3. ICICI Prudential Bluechip Fund

  • Expense Ratio: 0.93%
  • 3Y CAGR: 20.51%
  • AUM: ₹47,929 CR

Specializing in investments across India’s bluechip companies, the ICICI Prudential Bluechip Fund has demonstrated consistent performance with a 20.51% 3-year CAGR. An expense ratio of 0.93% and a substantial AUM of ₹47,929 crore reflect its scale and efficiency. The fund’s strategy focuses on companies with solid financial health, excellent governance, and sustainable growth, catering to investors looking for reliable returns.

4. Kotak Bluechip Fund

  • Expense Ratio: 0.6%
  • 3Y CAGR: 17.13%
  • AUM: ₹7,334 CR

With the lowest expense ratio among its peers at 0.6%, the Kotak Bluechip Fund is an attractive option for cost-conscious investors. Its 17.13% 3-year CAGR, combined with an AUM of ₹7,334 crore, underscores its capacity to deliver solid returns. The fund invests predominantly in large-cap stocks across diverse sectors, aiming for growth at reasonable valuations.

5. Aditya Birla Sun Life Frontline Equity Fund

  • Expense Ratio: 0.99%
  • 3Y CAGR: 16.96%
  • AUM: ₹25,898 CR

This fund focuses on frontline stocks, aiming to provide growth and income over the long term. With a 16.96% 3-year CAGR and an expense ratio of 0.99%, it manages ₹25,898 crore in assets. The Aditya Birla Sun Life Frontline Equity Fund targets companies with scalable businesses and sustainable competitive advantages, ensuring steady performance.

6. Canara Robeco Bluechip Equity Fund

  • Expense Ratio: 0.5%
  • 3Y CAGR: 15.63%
  • AUM: ₹10,817 CR

Known for its disciplined investment approach, the Canara Robeco Bluechip Equity Fund boasts a 15.63% 3-year CAGR and the lowest expense ratio of 0.5%. With ₹10,817 crore in AUM, the fund selects high-quality large-cap stocks, emphasizing value, growth potential, and risk management, appealing to investors seeking balanced exposure.

7. SBI Bluechip Fund

  • Expense Ratio: 0.85%
  • 3Y CAGR: 15.54%
  • AUM: ₹43,487 CR

The SBI Bluechip Fund, with a 15.54% 3-year CAGR and an expense ratio of 0.85%, manages ₹43,487 crore in assets. It focuses on companies with strong market positioning and robust fundamentals. The fund’s diversified portfolio across sectors mitigates risk while aiming for long-term capital appreciation.

8. Franklin India Bluechip Fund

  • Expense Ratio: 0.99%
  • 3Y CAGR: 15.39%
  • AUM: ₹7,466 CR

Emphasizing bluechip companies, the Franklin India Bluechip Fund has achieved a 15.39% 3-year CAGR. With an expense ratio of 0.99% and ₹7,466 crore in AUM, the fund seeks to invest in businesses that offer sustainable growth, leveraging Franklin’s research-driven approach to tap into the potential of India’s leading companies.

9. UTI large Cap Fund

  • Expense Ratio: 0.81%
  • 3Y CAGR: 14.81%
  • AUM: ₹11,458 CR

The UTI Large Cap Fund targets steady growth with a 14.81% 3-year CAGR and an expense ratio of 0.81%. Managing ₹11,458 crore in assets, it invests across a spectrum of large-cap stocks, focusing on companies with a robust business model and growth trajectory. The fund’s strategy is to deliver consistent returns through market cycles.

10. Mirae Asset Large Cap Fund

  • Expense Ratio: 0.81%
  • 3Y CAGR: 14.59%
  • AUM: ₹37,969 CR

With a 14.59% 3-year CAGR and a low expense ratio of 0.54%, the Mirae Asset Large Cap Fund manages ₹37,969 crore in assets. It is designed for investors seeking exposure to a diversified portfolio of large-cap stocks. The fund prioritizes companies with strong governance, scalability, and the ability to weather economic fluctuations, aiming for superior risk-adjusted returns.

Summarize the importance of choosing the right large-cap fund for investment, considering factors like expense ratio, CAGR, and AUM. Encourage readers to conduct their own research or consult with a financial advisor before investing.

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