Large cap mutual funds can be opted by most investors as such funds park the corpus in large cap stocks which do not show high degree of volatility amid market turbulence.
So, as now we have seen that Indian indices have recovered all the March losses due to Covid 19 and now are trading at all time highs. Infact today (December 1), markets made a record closing in line with optimism in global markets, nonetheless what needs to be noted here is that some of these funds which are recording gains of over 30 percent in the last six months are just reaping single-digit returns in a one-year term.
And for investment purposes, you need to review a longer term performance.
Here are listed such large-cap funds which in the last six months have returned almost 30 percent and even their one-year return is in double digits:
1. Axis Bluechip Fund- Growth:
CRISIL 5-ranked fund is among investors' favourite fund and in last six month has gained almost 33.25 percent in value. The fund commands a huge fund size of Rs. 18282 crore. Expense ratio charge is 1.69 percent. For starting the SIP in this fund, minimum Rs. 500 needs to be parked. 1-year return is also at a good 11.63 percent in comparison to benchmark return of over 8 percent.
Top 10 stocks in the portfolio of this fund include HDFC Bank, Infosys, Bajaj Finance, TCS, RIL, Kotak Mahindra Bank, Avenue Supermarts, ICICI Bank, HUL, Nestle India.
2. Canara Robeco Bluechip Equity Fund-Regular Plan:
Again a 5-star CRISIL rated fund is a large cap fund from the Canara Robeco fund house. The fund's last NAV is 31.01. For SIP investment, Rs. 1000 are needed. Expense ratio for the fund is 2.33 percent. One-year return from the fund has been 15.28 percent, while 6-month return has been 35%.
Top stocks in the portfolio include Infosys, HDFC Bank, ICICI Bank, RIL, TCS, HDFC, Kotak Mahindra Bank, HCL, HUL and Bajaj Finance.
3. JM Large Cap Fund- Growth:
5-Star CRISIL rated fund in last six months has reaped gains of 25% and in 1-year's time has offered return of 12.56 percent. The fund's portfolio includes stocks such as RIL, HDFC Bank, HDFC, Infosys, ICICI Bank, Cipla,TCS, HUL, ITC,Tech Mahindra.
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About the Author:
Roshni Agarwal is an MBA in Finance and Marketing with keen interest in Personal Finance and its various aspects including stocks, currency markets, taxation etc.