Top 10 Best Large-Cap Mutual Funds 2024

When it comes to building a robust and resilient investment portfolio, large-cap mutual funds are a go-to choice for many investors. These funds invest in well-established, financially sound companies that are leaders in their respective industries. For 2024, we have curated a list of the best large-cap mutual funds that stand out based on their past performance, management quality, and future growth prospects.

What Are Large-Cap Mutual Funds?

Large-cap mutual funds invest in companies with a large market capitalization, typically over ₹20,000 crore. These companies are generally leaders in their industries, offering stable returns with relatively lower risk compared to mid-cap or small-cap funds. Large-cap funds are ideal for investors who prefer steady growth and are looking for a long-term investment option.

Why Invest in Large-Cap Mutual Funds in 2024?

Investing in large-cap mutual funds in 2024 is particularly advantageous due to the expected economic stability and growth in key sectors such as technology, finance, and consumer goods. These funds offer a balanced approach to wealth creation, with the dual benefits of capital appreciation and income generation through dividends. The large-cap mutual fund performance has historically been strong, especially during market corrections, as these companies are more likely to withstand economic downturns.

Detailed Analysis of the Top Large-Cap Funds in 2024

1. SBI Bluechip Fund

Overview: Ranked among the best large-cap mutual funds in 2024, the SBI Bluechip Fund has a long history of strong performance.
Fund Size: ₹35,000 crore
Expense Ratio: 1.8%
Performance: Over the last 10 years, the fund has consistently outperformed its benchmark, offering an average annual return of 13%.
Investment Strategy: Focuses on high-growth companies within the top 100 stocks by market capitalization.
Risk Profile: Moderate

Why It’s One of the Top Large-Cap Funds: SBI Bluechip Fund is known for its robust stock selection process, which includes extensive research and analysis, ensuring that only the best companies are part of the portfolio. The fund’s performance during market corrections is another reason why it’s considered one of the best large-cap mutual funds in 2024.

2. ICICI Prudential Bluechip Fund

Overview: Another standout in the list of top large-cap funds, ICICI Prudential Bluechip Fund is known for its dynamic investment strategy.
Fund Size: ₹28,500 crore
Expense Ratio: 1.7%
Performance: The fund has delivered a 5-year CAGR of 13.2%, with a consistent dividend payout history.
Investment Strategy: Focuses on a mix of growth and value stocks within the large-cap segment.
Risk Profile: Moderate to High

Why It’s One of the Best Large-Cap Mutual Funds: The fund’s diversified approach, which includes both growth and value stocks, ensures balanced risk and reward. Its strong track record makes it one of the best large-cap mutual funds for 2024.

3. HDFC Top 100 Fund

Overview: A veteran fund, HDFC Top 100 is a stable choice among the top large-cap funds for those seeking long-term growth.
Fund Size: ₹22,000 crore
Expense Ratio: 1.9%
Performance: With a 5-year CAGR of 11.9%, the fund has consistently provided steady returns.
Investment Strategy: Prioritizes blue-chip companies with strong management and solid financials.
Risk Profile: Moderate

Why It’s One of the Top Large-Cap Funds: HDFC Top 100 Fund’s conservative investment strategy makes it ideal for risk-averse investors. It has a strong focus on blue-chip stocks, which ensures steady returns, making it one of the best large-cap mutual funds in 2024.

4. Axis Bluechip Fund

Overview: This fund is a favorite among aggressive investors looking for high returns from the best large-cap mutual funds.
Fund Size: ₹30,000 crore
Expense Ratio: 1.75%
Performance: With a 5-year CAGR of 14.5%, Axis Bluechip Fund has outperformed its peers.
Investment Strategy: Invests in a concentrated portfolio of high-growth large-cap stocks.
Risk Profile: High

Why It’s One of the Best Large-Cap Mutual Funds: Axis Bluechip Fund’s concentrated approach allows it to capture significant upside in high-growth sectors. Its impressive large-cap mutual fund performance makes it a top choice for 2024.

5. Mirae Asset Large Cap Fund

Overview: Known for its stellar large-cap mutual fund performance, this fund is a top performer.
Fund Size: ₹25,000 crore
Expense Ratio: 1.65%
Performance: The fund boasts a 5-year CAGR of 15.1%, making it one of the highest in its category.
Investment Strategy: Focuses on companies with a competitive edge and strong market positions.
Risk Profile: Moderate

Why It’s One of the Top Large-Cap Funds: Mirae Asset Large Cap Fund’s focus on quality stocks ensures long-term capital appreciation. It’s a solid pick among the best large-cap mutual funds 2024.

6. UTI Mastershare Unit Scheme

Overview: A trusted name in the large-cap segment, UTI Mastershare offers a mix of stability and growth.
Fund Size: ₹20,000 crore
Expense Ratio: 1.6%
Performance: The fund has delivered a 10-year CAGR of 12%, with low volatility.
Investment Strategy: Prioritizes dividend-paying large-cap companies with strong cash flows.
Risk Profile: Low to Moderate

Why It’s One of the Best Large-Cap Mutual Funds: The fund’s conservative approach and focus on dividend-paying stocks make it one of the safest choices among the top large-cap funds for 2024.

7. Kotak Bluechip Fund

Overview: This fund offers a balanced approach, investing in large-cap stocks with high growth potential.
Fund Size: ₹18,000 crore
Expense Ratio: 1.8%
Performance: A 5-year CAGR of 13.7% underscores its strong large-cap mutual fund performance.
Investment Strategy: Mix of growth and defensive stocks within the large-cap category.
Risk Profile: Moderate

Why It’s One of the Best Large-Cap Mutual Funds: Kotak Bluechip Fund’s diversified portfolio ensures stable returns with manageable risk, making it a top contender among the best large-cap mutual funds 2024.

8. Franklin India Bluechip Fund

Overview: With a focus on high-quality stocks, this fund has consistently delivered solid returns.
Fund Size: ₹16,500 crore
Expense Ratio: 1.75%
Performance: The fund has a 5-year CAGR of 11.4%, focusing on companies with strong fundamentals.
Investment Strategy: Invests in financially sound companies with a long track record of success.
Risk Profile: Moderate

Why It’s One of the Best Large-Cap Mutual Funds: Franklin India Bluechip Fund’s disciplined investment approach and focus on high-quality stocks make it a reliable choice among the top large-cap funds for 2024.

9. Nippon India Large Cap Fund

Overview: Known for its balanced approach, this fund offers exposure to well-established large-cap companies.
Fund Size: ₹15,000 crore
Expense Ratio: 1.85%
Performance: With a 5-year CAGR of 12.1%, the fund has a solid track record.
Investment Strategy: Focuses on companies with a competitive edge in their respective industries.
Risk Profile: Moderate to High

Why It’s One of the Best Large-Cap Mutual Funds: Nippon India Large Cap Fund’s strong large-cap mutual fund performance and diversified portfolio make it a strong candidate for the best large-cap mutual funds 2024.

10. Aditya Birla Sun Life Frontline Equity Fund

Overview: A consistent performer, this fund is known for its robust portfolio of large-cap stocks.
Fund Size: ₹19,000 crore
Expense Ratio: 1.7%
Performance: The fund has delivered a 5-year CAGR of 13.0%, with a focus on capital preservation and growth.
Investment Strategy: Prioritizes large-cap companies with strong market leadership.
Risk Profile: Moderate

Why It’s One of the Best Large-Cap Mutual Funds: Aditya Birla Sun Life Frontline Equity Fund’s balanced approach and strong stock selection process make it one of the top large-cap funds for 2024.

Conclusion

Investing in the best large-cap mutual funds in 2024 offers a stable and reliable path to wealth creation. The top large-cap funds listed above have demonstrated strong performance, sound management, and a focus on quality investments. Whether you’re a conservative investor looking for steady growth or an aggressive investor seeking higher returns, these funds provide a variety of options to suit your financial goals.