The Best Large Cap Mutual Funds to Invest in This Year

 The large cap mutual funds are considered relatively safer investment options compared to mid caps and small caps. These mutual funds invest in stocks of well-established and financially strong companies with a market capitalisation of over Rs 20,000 crore. These companies usually demonstrate a track record of consistent growth and returns over the long term. Investors looking for stable returns without taking on higher risks may find large cap funds suitable. 

This year, some of the top-performing these mutual funds that investors can consider investing in are:

The Axis Bluechip Fund is one of the best large cap mutual funds investments in 2023. This fund has consistently outperformed its benchmark index and category average over the years. With assets under management of over Rs.20,000 crores, the fund predominantly invests in large cap stocks across sectors. The fund managers employ a growth at reasonable price strategy for stock selection. Some of the major holdings of the fund include HDFC Bank, ICICI Bank, Infosys and Reliance Industries. Investors looking for a well-managed large cap fund can invest in this scheme for potentially good long-term capital appreciation.

The Kotak Bluechip Fund is another worthy large cap mutual fund scheme to invest in this year. This fund adopts a flexible investment approach by diversifying across large, mid and small cap stocks. However, the major portion of the portfolio is allocated to large cap stocks. The fund has outpaced its benchmark over 1, 3, 5-year time frames. The assets under management of Kotak Bluechip fund currently stands at over Rs.8,000 crores. With a lower expense ratio of 0.80%, this large cap fund can be ideal for investors seeking capital growth through exposure to blue chip companies. The fund manager, Harsha Upadhyaya, has over two decades of experience in equity research and fund management.

The Mirae Asset Large Cap Fund is also a top-performing large cap mutual fund to consider. This fund predominantly invests in growth-oriented large cap companies with sustainable business models and competitive advantages. The fund managers, Neelesh Surana and Gaurav Misra adopt a bottom-up stock selection approach based on rigorous research. With an AUM of around Rs.22,000 crores, Mirae Asset Large Cap fund has delivered healthy returns over the long term. Investors can allocate a part of their core portfolio to this scheme.

The HDFC Top 100 fund is also a consistent performer in the large cap category. True to its name, this fund invests predominantly in the top 100 companies by market capitalization to create a concentrated portfolio. The fund managers focus on companies with strong leadership, efficient capital allocation and competitive advantages. Launched in 1996, the fund has built a solid long term track record across market cycles. Investors with a moderate risk appetite can consider this scheme.