Though there has been reported outflow from equity mutual funds as there is uncertainty around and amid cash scarcity, investors are taking off positions from their investments, some of the mutual funds after the massive jump on the indices have managed to gain ground.
Here are 4 large cap mutual funds which have yielded the best return in 1-year term:
1. Canara Robeco Bluechip Equity Fund Direct-Growth:
5-star rated CRISIL mutual fund has an asset size of Rs. 701.72 crore. Expense ratio of the fund is 0.99%. NAV of the fund is on 30.56 as on October 7, 2020. The fund's major investments into large cap stocks of over 95 percent. Over a 1-year term, the fund gave 14% return. On an annualized basis, 1-year SIP return has been 21%.
Fund's portfolio includes stocks such as RIL, Infosys, TCS, ICICI Bank among others.
2. Canara Robeco Bluechip Equity Fund Direct-Dividend:
5 Star rated fund commands a NAV of 25.84 as on October 7, 2020. SIP return from the fund over a 1-year time frame has been 20.29 percent.
3. JM Large Cap Fund Direct- Growth:
5-Star CRISIL rated fund over a 1-year time frame provided 1-year return of over 9%. The fund's AUM is Rs. 381.5 crore and expense ratio is 2.33 percent. On SIP, the fund has yielded an annualized return of 16.63 percent in a 1-year term. The top holdings of the fund includes names such as RIL, HUL, HDFC Bank, ITC among others.
4. Edelweiss Large Cap Fund – Direct Plan-Growth:
The large cap fund commands an AUM of Rs. 192.93 crore. CRISIL has given a 4-star rating to the fund. And as against the benchmark Nifty 50 TRI return of 6.57 percent, this fund gave a return of 7.84 percent.
The fund's holding include ICICI Bank, Infosys, Bharti Airtel, RIL, HCL Technology among others.
The article is not a solicitation to buy, sell in securities or other financial instruments. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates and the author do not accept culpability for losses and/or damages arising based on information in this article.