Top 10 Large-Cap Direct Mutual Fund Schemes
There are 29 open-ended fund schemes in existence in the large-cap mutual fund segment for equity funds. Equity Large-cap direct fund schemes are one of the biggest fund segments within the mutual fund domain. All of these large-cap funds are benchmarked against either Nifty100 Index or S&P BSE 100 Index.
These 29 fund schemes together have Asset Under Management (AUM) of Rs 2,67,483 crores as on 29 Sep 2023. These schemes are available for direct investment by retail investors without using and paying third-party distribution charges & commissions which impact fund scheme NAV.
Performance as on 29 Sep
Nippon India Large Cap Fund along with Mirae Asset Large Cap Fund and SBI Bluechip Fund were the top three direct schemes for the period. ICICI Prudential Bluechip Fund despite being the biggest fund schemes with AUM size of 41,818 crores was on the fourth position. Edelweiss Large Cap Fund is not only in the bottom of the list but is also smallest in terms of AUM with just 500 crores.
All the top 10 large-cap schemes have delivered over 16% returns for 10-yr investment period.
Table: Top 10 Large-Cap Direct Mutual Fund Schemes in India
| Scheme Name | NAV - Direct (Rs) | 3-Yr Return (%) Direct | 10-Yr Return (%) Direct | Daily AUM (Rs Cr) |
|---|---|---|---|---|
| Nippon India Large Cap Fund | 72.3 | 31.6 | 18.6 | 16,623 |
| Mirae Asset Large Cap Fund | 97.2 | 20.8 | 18.5 | 35,690 |
| SBI Bluechip Fund | 78.4 | 24.1 | 17.2 | 39,655 |
| ICICI Prudential Bluechip Fund | 86.2 | 25.5 | 16.7 | 41,818 |
| Kotak Bluechip Fund | 480.0 | 22.3 | 16.6 | 6,509 |
| HDFC Top 100 Fund | 931.1 | 28.0 | 16.5 | 26,392 |
| Baroda BNP Paribas Large Cap Fund | 183.0 | 21.9 | 16.3 | 1,520 |
| Invesco India Largecap Fund | 58.1 | 21.4 | 16.3 | 805 |
| Canara Robeco Bluechip Equity Fund | 52.6 | 21.2 | 16.2 | 10,333 |
| Edelweiss Large Cap Fund | 71.5 | 23.1 | 16.1 | 557 |
Source: AMFI