Top 5 Large Cap Mutual Funds with the Best Returns Over the Last Decade
Investing in large-cap mutual funds has long been a favoured option for those looking to balance risk and reward. Large-cap funds primarily invest in established and stable companies, reducing the risk factor that is often associated with mid-cap and small-cap funds. Over the past decade, some large-cap funds have delivered impressive returns, rivalling even those from more volatile market segments. In fact, the top-performing large-cap mutual funds have offered returns of up to 16% over a 10-year period.
These excellent returns are pretty much in sync with the general performance and growth of benchmark indices such as the Sensex and Nifty. These have grown at CAGRs of 11.75% and 12%, respectively, over the last 10 years. One of the key contributors to this growth has been increasing participation by retail investors, particularly in the form of SIPs. This has resulted in substantial growth in the NAVs of large-cap mutual funds.
Nippon India Large Cap Fund- Growth leads the chart in the list of best performing funds with one year annualized return of 15.36%. With an NAV of Rs.89.62 and a fund size of Rs 32,884 crore, it has been able to be a suitable choice for the long-term investor. Having its establishment in 2007, it had established itself as a decent performer in the large-cap category with a 13.68% return rate.
ICICI Prudential Bluechip Fund-Growth is the other leading name in the list with an annualized return of 14.89% over the 10-year tenure. The fund has an NAV of Rs.109.1 and a large size of Rs.64,222.82 crore. The fund has shown continuous growth since its inception. Its return since 2007 is 15.78%, further marking it as the most-performing fund.
Another fund that stands out in terms of consistency is the Mirae Asset Large Cap Fund – Regular – Growth, which has returned 14.42% over the last ten years. The fund has an NAV of Rs.112.71 and an asset base of Rs.41,592.92 crore, making it one of the largest equity funds in the country. This fund was launched in 2007 and has returned 15.87% over the period.
The Baroda BNP Paribas Large Cap Fund – Regular Plan – Growth has also provided good returns of 14.33% on an annualized basis over 10 years. For this fund, the NAV stands at Rs.228.86 and the size is Rs.2,342.57 crore. Many of its peers have already been left way behind as it has given returns since inception (2007) reaching a high of 16.96% *.
The Canara Robeco Bluechip Equity Fund – Regular Plan – Growth concludes the list of top-performing large caps. This fund has returned an average of 14.22% in a year in the last 10 years, with Rs.62.30 as the NAV and a fund size of Rs.14,528.68 crore. This fund was launched in 2007 and has returned 13.89% since its inception, hence serving as one of the viable long-term investment options.
Conclusion
Large-cap mutual funds remain stable and rewarding ways to invest. They form a good compromise between growth and security for investors who would want to try well-established companies that have a history of performing well. As a result, they are also very alluring for an investor who is orientated with a long-term focus and aims at securing substantial forms of wealth since the best from such a class return as high as 16% in the past ten years alone.
