Markets have fallen dramatically and despite some recovery in the last one week, they are still down considerably from peak levels. It is best to invest in large cap mutual fund schemes, when the chips are down. Here are 3 largecap mutual funds to invest in, which have a decent portfolio and also good ratings from Crisil.
1. JM Large Cap Fund – Growth
This fund does not have very great assets under management. However, it has done much better than many peers in terms of returns under the largecap fund category. The fund has a 5-star rating from Crisil, with a pretty decent portfolio.
The three year annualized returns from the fund is 1.79 per cent, while the 5-year returns from the fund has been 3.16 per cent on an annualized basis. While the returns are low, it is largely on account of the collapse in the markets over the last few months.
The portfolio of the fund comprises good quality stocks like Reliance Industries, HDFC, HDFC Bank, Infosys and ICICI Bank. The portfolio is geared to give investors decent returns in the next few years. The net asset value of the fund is Rs 64.42.
2. Axis Bluechip Fund – Growth
This has been a consistent performer for the last few quarters. Axis Bluechip Fund has a 5-star rating from Crisil. The portfolio too has some stocks that have high growth potential including the likes of Avenue Supermarkets. The annualized three year returns from the fund has been 7.69 per cent, while the 5 year returns has been in excess of 8 per cent.
About 82.50 per cent of the investment of the fund is in Indian stocks of which, almost 74 per cent is invested in large cap stocks.
The current net asset value of the fund is around Rs 28.15. If you are looking to invest for a period of 3-5 years, it makes sense to invest in the fund.
3. Canara Robecco Bluechip Equity Fund - Growth
This fund like the two listed above, also has been rated 5-star by Crisil. The Canara Robecco Bluechip Equity Fund - Growth has a pretty good portfolio, that should give good returns, when the markets rally. The net asset value of the fund is currently Rs 24.64.
The returns have not been exceptional, given the collapse in the stock markets over the last three months. The three year annualized returns from the fund has been 3.96 per cent, while the 5-year returns has been 6.86 per cent.
The portfolio includes good quality banking names like HDFC Bank, Reliance Industries, ICICI Bank, Infosys and HDFC.
Again, if you are looking to invest for a period of 3-5 years, the fund should help generate good returns.
Investors should certainly not take any investment decision based only on information discussed in this article. We are not a qualified financial advisor and any information herein is not investment advice. It is informational in nature. All readers and investors should note that neither Greynium nor the author of the articles, would be responsible for any decision taken based on these articles. Please do consult a professional advisor.