5 Best Large Cap Mutual Funds to invest in 2023

Largecap mutual funds provide stable returns in medium to long term. While Largecap (Nifty100 index) generated 1.6% returns in the last 1 year, it generated 12% annualised returns in the last 5 years and 17% annualised returns in the last 10-15 years. While large cap mutual funds might not replicate Nifty100 index returns, these can either outperform or underperform this index. Picking up a consistent performing large cap mutual fund can help you to beat the index returns. Which are the Best Large Cap Mutual Funds to invest in 2023? How these funds performed in terms of rolling returns?

Also Read: Which mutual funds generated highest SIP returns in last 20 years?

What are Large Cap Mutual Funds?

Large Cap Mutual Funds would invest in large cap companies that are majorly part of Nifty100 index. These funds would invest the majority of their portfolio in companies that have a large market capitalization.

Large Cap Funds would offer stable and sustainable returns in the medium to long term.

Best Large Cap Mutual Funds to invest in 2023 - Top Large Cap Funds for 2023

Who can invest in Large Cap Funds?

Large cap mutual funds are for moderate to high risk investors.

These large cap funds can perform well in the medium to long term.

Investors who are willing to take some risk and would like to invest for 5+ years can invest in large cap mutual funds.

These funds have historically generated 12% to 17% returns. While past performance is just an indication, it can provide, how well such funds can perform in various market cycles in the future.

How we filtered these Top Large Cap Mutual Funds in 2023?

We have considered all large cap mutual funds – direct plans only. We got 90 mutual fund schemes.

We have filtered mutual funds that generated > 12% annualised returns in the short term, medium term and long term. We could get 37 mutual funds.

We have checked funds that generated highest rolling returns out of these funds and picked 5 funds.

The data is as of 24-Jan-23.

5 Best Large Cap Mutual Funds to invest in 2023

Here is the list of large cap funds.

#1 – Canara Robeco Bluechip Equity Fund

#2 – Edelweiss Large Cap Fund

#3 – ICICI Pru BlueChip Fund

#4 – Invesco India Large Cap Fund

#5 – Mirae Asset Large Cap Fund

5 Best Large Cap Mutual Funds to invest in 2023

Let’s get into more info about investment strategy, fund statistics and fund performance.

#1 – Canara Robeco Bluechip Equity Fund

Investment Strategy of the Fund

The Investment Objective of the fund is to provide capital appreciation by predominantly investing in companies having a large market capitalization.

Fund Performance and Statistics

This fund currently invests 88% in large cap stocks, 8% in mid cap stocks and the balance is held in cash. Let us look at the fund performance and risk statistics.

Performance & Risk Metrics Canara Robeco Bluechip Equity Fund
Value Research Rating 5 Star
3 Years – SIP Returns 16%
5 Years – SIP Returns 16%
10 Years – SIP Returns 15%
10 Years – Annualised Returns 14%
AUM –  Crores 8,666
Expense Ratio 0.42%
Beta 0.86
Alpha 2.37

Fund Performance – Rolling Returns

From a 3 year rolling return perspective, this fund generated:

  • Over 12% returns – 77% of the times
  • 1% to 12% returns – 23% of the times
  • Negative returns – Zero times

From a 5 year rolling return perspective this fund generated:

  • Over 12% returns – 70% of the times
  • 1% to 12% returns – 30% of the times
  • Negative returns – Zero times

This fund generated 14% annualized returns since inception. Considering the highest rolling returns, high annualised returns, Consistent SIP returns for short to long term, this has been considered as one of the Best Large Cap Mutual Funds to invest in 2023.

Also Read: High Return Mutual Funds to invest in 2023

#2 – Edelweiss Large Cap Fund

Investment Strategy of the Fund

The investment objective is to seek to generate long-term capital appreciation from a portfolio predominantly consisting equity and equity related securities of the 100 largest corporate by market capitalisation listed in India.

Fund Performance and Statistics

This fund currently invests 87% in large cap stocks, 10% in mid cap stocks and 3% in debt. Let us look at the fund performance and risk statistics.

Performance & Risk Metrics Edelweiss Large Cap Fund
Value Research Rating 4 Star
3 Years – SIP Returns 18%
5 Years – SIP Returns 15%
10 Years – SIP Returns 14%
10 Years – Annualised Returns 14%
AUM –  Crores 382
Expense Ratio 0.93%
Beta 0.95
Alpha 0.51

Fund Performance – Rolling Returns

From a 3 year rolling return perspective, this fund generated:

  • Over 12% returns – 66% of the times
  • 1% to 12% returns – 33% of the times
  • Negative returns – 1% of the times

From a 5 year rolling return perspective this fund generated:

  • Over 12% returns – 68% of the times
  • 1% to 12% returns – 32% of the times
  • Negative returns – Zero times

This fund generated 14.2% annualized returns since inception. Considering the highest rolling returns, high annualised returns and SIP returns in medium to long term, this has been considered as one of the Top Large Cap Funds to invest in 2023.

#3 – ICICI Pru BlueChip Fund

Investment Strategy of the Fund

To generate long term capital appreciation and income distribution to investors from a portfolio that is predominantly invested in equity and equity related securities of large cap companies.

Fund Performance and Statistics

This fund currently invests 85% in large cap stocks, 9% in mid cap stocks and the balance is held in cash. Let us look at the fund performance and risk statistics.

Performance & Risk Metrics ICICI Pru BlueChip Fund
Value Research Rating 4 Star
3 Years – SIP Returns 20%
5 Years – SIP Returns 16%
10 Years – SIP Returns 15%
10 Years – Annualised Returns 15%
AUM –  Crores 35,049
Expense Ratio 1.06%
Beta 0.94
Alpha 1.19

Fund Performance – Rolling Returns

From a 3 year rolling return perspective, this fund generated:

  • Over 12% returns – 62% of the times
  • 1% to 12% returns – 35% of the times
  • Negative returns – 3% of the times

From a 5 year rolling return perspective this fund generated:

  • Over 12% returns – 66% of the times
  • 1% to 12% returns – 34% of the times
  • Negative returns – Zero times

This fund generated 15% annualized returns since inception. Considering the highest rolling returns, high annualised and SIP returns in medium to long term, this fund has been considered as one of the Best Large Cap Funds for SIP.

#4 – Invesco India Large Cap Fund

Investment Strategy of the Fund

To generate capital appreciation by investing predominantly in Large cap companies.

Fund Performance and Statistics

This fund currently invests 86.5% in large cap stocks, 13% in mid cap stocks and 0.5% in cash. Let us look at the fund performance and risk statistics.

Performance & Risk Metrics Invesco India Large Cap Fund
Value Research Rating 4 Star
3 Years – SIP Returns 15%
5 Years – SIP Returns 14%
10 Years – SIP Returns 14%
10 Years – Annualised Returns 14%
AUM –  Crores 748
Expense Ratio 0.81%
Beta 0.95
Alpha

Fund Performance – Rolling Returns

From a 3 year rolling return perspective, this fund generated:

  • Over 12% returns – 61% of the times
  • 1% to 12% returns – 38% of the times
  • Negative returns – 1% of the times

From a 5 year rolling return perspective this fund generated:

  • Over 12% returns – 65% of the times
  • 1% to 12% returns – 35% of the times
  • Negative returns – Zero times

This fund generated 14.25% annualized returns since inception. Considering the highest rolling returns, consistent annual returns, highest SIP returns in medium to long term, this mutual fund has been considered as one of the Best Large Cap Funds to invest in 2023.

#5 – Mirae Asset Large Cap Fund

Investment Strategy of the Fund

The investment objective of the scheme is to generate long term capital appreciation by capitalizing on potential investment opportunities by predominantly investing in equities of large cap companies.

Fund Performance and Statistics

This fund currently invests 84% in large cap stocks and 16% in mid cap stocks. Let us look at the fund performance and risk statistics.

Performance & Risk Metrics Mirae Asset Large Cap Fund
Value Research Rating 4 Star
3 Years – SIP Returns 17%
5 Years – SIP Returns 15%
10 Years – SIP Returns 15%
10 Years – Annualised Returns 16%
AUM –  Crores 34,194
Expense Ratio 0.53%
Beta 0.96
Alpha

Fund Performance – Rolling Returns

From a 3 year rolling return perspective, this fund generated:

  • Over 12% returns – 70% of the times
  • 1% to 12% returns – 29% of the times
  • Negative returns – 1% of the times

From a 5 year rolling return perspective this fund generated:

  • Over 12% returns – 78% of the times
  • 1% to 12% returns – 22% of the times
  • Negative returns – Zero times

This fund generated 16.4% annualized returns since inception. Considering the highest rolling returns, consistent annualised returns, highest SIP returns in short to medium term to long term, this fund has been considered as one of the Best Large Cap Mutual Funds to invest for the long term.

Annualised Returns of these Largecap Funds

Mutual Fund 3 Years 5 Years 10 Years
Canara Robeco Bluechip Equity Fund 17% 14% 14%
Edelweiss Large Cap Fund 15% 12% 14%
ICICI Pru BlueChip Fund 17% 12% 15%
Invesco India Large Cap Fund 14% 11% 14%
Mirae Asset Large Cap Fund 14% 11% 16%

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FAQs on Largecap Mutual Funds

[sc_fs_multi_faq headline-0=”h2″ question-0=”1) Which large-cap mutual fund is best for the long term?” answer-0=”Investors can invest in consistent performing large cap mutual funds. One can look for any of the funds indicated above.” image-0=”” headline-1=”h2″ question-1=”2) Which mutual fund is best for next 5 years?” answer-1=”Since 5 years is medium term, one can invest in large cap mutual funds.” image-1=”” headline-2=”h2″ question-2=”3) Which mutual fund is best for next 10 years?” answer-2=”If you are a moderate risk taker and looking for mutual fund for next 10 years time frame, you can invest in large cap funds. If you are high risk appetite investor, you can add midcap and smallcap mutual funds in your portfolio.” image-2=”” headline-3=”h2″ question-3=”4) Which are the best large cap mutual funds as per value research?” answer-3=”Below are the 5 star rated large cap funds from value research Canara Robecco Bluechip fund BNP Paribas large cap fund Axis blue chip fund Kotak Bluechip fund Sundaram Large cap fund” image-3=”” headline-4=”h2″ question-4=”5) How large cap mutual fund ranking is done?” answer-4=”Every website / expert would rank the funds based on their own criteria. As an example, we would rank fund based on rolling returns, annualised returns, SIP returns and how well mutual funds behave in various market cycles.” image-4=”” count=”5″ html=”true” css_class=””]

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2 comments

  1. Hi Suresh,
    Please suggest portfolio for aggressive investor for SIP of 10000 rs each per month for long term in not more than 2 funds which shall provide consistent returns.

    1. Savio, Aggressive investors can go for midcap and smallcap funds.
      Some midcap funds – Motilal Oswal Midcap fund or Quant midcap
      Some smallcaps – SBI smallcap or Nippon Smallcap Fund

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