Top Five: Cheapest Large-Cap Mutual Funds with Highest Returns
There are 29 open-ended fund schemes in existence in the largecap mutual fund segment for equity funds. These 29 fund schemes together have Asset Under Management (AUM) of Rs 2,64,483 crores as on 29 Sep 2023. The cheapest large-cap funds with highest growth were selected on the basis of their growth in different investment periods of 3yr/5yr/10yr. Only those funds which had continuously delivered double digit returns were selected for the evaluation
Performance as on 29 Sep
Incidentally, by end of Sep 2023, top four large-cap schemes with highest returns are also among the cheapest with double digit growth. Baroda BNP Paribas Large Cap Fund was the most expensive of the lot but with only 15% return on 10yr investment period.
Table: Top Five Cheapest Large-Cap Schemes with Highest Returns
| Scheme Name | 3-Yr Return (%) Regular | 10-Yr Return (%) Regular | NAV Regular (Rs) | Daily AUM (Rs Cr) |
|---|---|---|---|---|
| Nippon India Large Cap Fund | 30.6 | 17.5 | 65.8 | 16,623 |
| Mirae Asset Large Cap Fund | 19.5 | 17.4 | 87.8 | 35,690 |
| SBI Bluechip Fund | 23.2 | 16.2 | 71.7 | 39,655 |
| ICICI Prudential Bluechip Fund | 24.8 | 15.8 | 79.3 | 41,818 |
| Baroda BNP Paribas Large Cap Fund | 20.4 | 15.0 | 162.1 | 1,520 |
Source: AMFI data
Read complete list of Top ten LargeCap Equity Mutual Funds with Returns & NAV