Looking to grow your wealth in 2023? Wondering which mutual funds to invest in for the best returns? Look no further!
The mutual fund business in India is thriving, providing numerous chances for investors. Hundreds of businesses are competing for your attention, so now is the best moment to get engaged.
There is a mutual fund for everyone, whether you’re a cautious saver or a high-yield seeker. There is a wide range of investment vehicles available to you, including equity funds, debt funds, hybrid funds, and exchange-traded funds. Yet, which large-cap mutual funds truly stand out as the best of the best? We’ve done the legwork, and here are 2023’s better-performing large-cap mutual funds. CRISIL has ranked these funds highly because they provide a great balance of safety and growth potential, making them a top pick for any investor wanting to make strategic investments in the coming year.
Thus, there’s no reason to hold off. Mutual fund investing in India’s booming market is something you should look into immediately.
What is a Large-Cap Fund?
Large-cap mutual funds generally invest their money into the stock of the best performing firms, those with the highest market capitalization rankings (usually between 1 to 100). These firms are often at the forefront of their industries, and their huge market caps are indicative of their success.
Large-cap mutual funds can be a good choice for those who are willing to take on some risk in exchange for the potential for a reasonable return. Because they invest in large, well-known corporations, these funds have a history of providing stable returns and can potentially grow over time.
Here is a list of the top performing large-cap mutual funds in India for 2023, as ranked by research firm CRISIL. You may diversify your portfolio into some of India’s most successful corporations with these high-performing funds, with the potential for strong long-term gains.
Don’t miss out on the chance to invest in India’s most prominent companies. Include large-cap mutual funds in your investment plan today.
Best Large Cap Mutual Funds – Based on CRISIL Ranking
Find below the list of Best Large Cap Mutual Funds 2023 based on the CRISIL ranking. We have also considered the recommendations of Moneycontrol on associated risk with each of the funds given below.
#1. Axis Bluechip Fund – Direct Plan – Growth
CRISIL RanK: 1
Asset Under Management (AUM): 32,615.26 crore
5 Years Return: 15%
#2. LIC MF Large Cap Fund – Direct Plan – Growth
CRISIL RanK: 1
Asset Under Management (AUM): 647.89 crore
5 Years Return: 11%
#3. Taurus Large cap Equity Fund – Direct Plan – Growth
CRISIL RanK: 1
Asset Under Management (AUM): 30.99 crore
5 Years Return: 8%
#4. UTI Mastershare Unit Scheme – Direct Plan – Growth
CRISIL RanK: 2
Asset Under Management (AUM): 10,262.67 crore
5 Years Return: 12%
#5. Franklin India Bluechip Fund – Direct – Growth
CRISIL RanK: 2
Asset Under Management (AUM): 6,187.07 crore
5 Years Return: 10%
#6. DSP Top 100 Equity Fund – Direct Plan – Growth
CRISIL RanK: 2
Asset Under Management (AUM): 2,598.10 crore
5 Years Return: 9%
#7. HSBC Large Cap Fund – Direct Plan – Growth
CRISIL RanK: 2
Asset Under Management (AUM): 1,405.54 crore
5 Years Return: 11%
#8. Bandhan Large Cap Fund – Direct Plan – Growth
CRISIL RanK: 2
Asset Under Management (AUM): 1,040.79 crore
5 Years Return: 11%
#9. Canara Robeco Bluechip Equity Fund – Direct Plan – Growth
CRISIL RanK: 3
Asset Under Management (AUM): 8,860.36 crore
5 Years Return: 15%
#10. IDBI India Top 100 Equity Fund – Direct Plan – Growth
CRISIL RanK: 3
Asset Under Management (AUM): 600.19 crore
5 Years Return: 13%
#11. Mirae Asset Large Cap Fund – Direct Plan – Growth
CRISIL RanK: 3
Asset Under Management (AUM): 32,851.08 crore
5 Years Return: 12%
#12. Aditya Birla Sun Life Frontline Equity Fund – Direct Plan – Growth
CRISIL RanK: 3
Asset Under Management (AUM): 21,126.36 crore
5 Years Return: 11%
#13. Invesco India Large cap Fund – Direct Plan – Growth
CRISIL RanK: 3
Asset Under Management (AUM): 722.79 crore
5 Years Return: 12%
#14. Baroda BNP Paribas Large Cap Fund – Direct Plan – Growth
CRISIL RanK: 3
Asset Under Management (AUM): 1,362.37 crore
5 Years Return: 13%
#15. PGIM India Large Cap Fund – Direct Plan – Growth
CRISIL RanK: 3
Asset Under Management (AUM): 432.28 crore
5 Years Return: 11%
#16. Union Large cap Fund – Direct Plan – Growth
CRISIL RanK: 3
Asset Under Management (AUM): 230.01 crore
5 Years Return: 10%
#17. Indiabulls Bluechip Fund – Direct Plan – Growth
CRISIL RanK: 3
Asset Under Management (AUM): 91.52 crore
5 Years Return: 9%
Disclaimer: These are the Best Large Cap Funds in 2023 based on the Crisil ranking. This post does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read all the related documents carefully before investing. It is also advised to consult your financial advisor for necessary suggestions.
