Top 5 Bluechip Mutual Funds Which Have Offered Higher Returns To Investors In Last One Year

Best blue chip mutual funds are top picks by investors due to their strategic investment in financially strong and well-stable companies. blue chip mutual funds are usually for their ability to endure economic downturns and reliable returns over the long haul. Due to this, bluechip mutual funds have gained the trust of investors from all walks of life, including both experienced and risk-averse investors.

A blue-chip fund basically refers to an equity scheme that provides investors with a portfolio of stocks that have shown robust and stable financial performance. One positive thing about these funds is that they do not make much profit in a bull market but they are also not at risk of falling miserably in a bear market. Thus, investment in blue chip mutual funds can help you meet unexpected financial emergencies in life.

Here's a list of the top 5 bluechip mutual funds which have offered attractive returns to investors in last one year:

1. Nippon India Large Cap Fund Direct-Growth

1-year returns: 29%
The fund is a large-cap fund, which mainly invests in stocks of the top 100 companies by full market capitalization. The mutual fund scheme invests in emerging large-cap companies that have a reputed business model, a proven management track record, and the potential to generate high cash flows.
Nippon India Large Cap Fund Direct-Growth has been in existence for 10 yrs 11 months. The fund had Rs 18,072 Crores worth of assets under management (AUM) as of 30/09/2023 and is a medium-sized fund of its category. The fund has an expense ratio of 0.83%, almost close to what most other Large-cap funds charge.

2. HDFC Top 100 Fund Direct Plan-Growth

1-year return - 25.25%.
HDFC Top 100 Fund Direct Plan-Growth is a Large-cap mutual fund scheme from Hdfc Mutual Fund. This fund has been in existence for 10 yrs 11 months. HDFC Top 100 Fund Direct Plan-Growth had Rs 27,687 Crores worth of assets under management (AUM) as of 30/09/2023 and is a medium-sized fund of its category. The fund has an expense ratio of 1.1%.
HDFC Top 100 Fund Direct Plan-Growth returns of last 1-year are 25.25%. Since its launch, the fund has delivered 14.57% average annual returns.
The fund has the majority of its money invested in the Financial, Energy, Technology, Consumer Staples, and Healthcare sectors. It has taken less exposure in Financial and energy sectors compared to other funds in the category.

3. ICICI Prudential Bluechip Fund Direct-Growth

1-year return - 22.75%.
ICICI Prudential Bluechip Fund Direct-Growth is a Large-cap mutual fund scheme from Icici Prudential Mutual Fund. This fund has been in existence for 10 yrs 11 months. ICICI Prudential Bluechip Fund Direct-Growth had Rs 44,425 Crores worth of assets under management (AUM) as of 30/09/2023 and is a medium-sized fund of its category. The fund has an expense ratio of 1.01%.
ICICI Prudential Bluechip Fund Direct-Growth returns of last 1-year are 22.75%. Since launch, it has delivered 15.85% average annual returns.
The fund has the majority of its money invested in diverse sectors including the Financial, Energy, Automobile, Technology, and Construction sectors.

4. Edelweiss Large Cap Fund Direct-Growth

1-year return - 21.90%
Edelweiss Large Cap Fund Direct-Growth is a Large Cap mutual fund scheme from Edelweiss Mutual Fund. This fund has been in existence for 10 yrs 11 months. Edelweiss Large Cap Fund Direct-Growth had Rs 621 Crores worth of assets under management (AUM) as of 30/09/2023 and is a medium-sized fund of its category. The fund has an expense ratio of 0.82%. Since launch, it has delivered 15.19% average annual returns.

The fund has the majority of its money invested in sectors including the Financial, Technology, Automobile, Consumer Staples, and Energy sectors. The scheme has taken less exposure in the Financial and technology sectors compared to other funds in the category.

5. Invesco India Largecap Fund Direct-Growth

1-year return - 23.71%.
Invesco India Largecap Fund Direct-Growth is a Large-cap mutual fund scheme from Invesco Mutual Fund. This fund has been in existence for 10 yrs 11 months. Invesco India Largecap Fund Direct-Growth had Rs 837 Crores worth of assets under management (AUM) as of 30/09/2023 and is a medium-sized fund of its category. The fund has an expense ratio of 0.8%.
Since launch, it has delivered 15.49% average annual returns. The fund has the majority of its money invested in the Financial, Technology, Capital Goods, Automobile, and Energy sectors. The fund is less exposed to sectors including Financial and technology sectors compared to other funds in the category.

Disclaimer:

This article is based on the personal opinion of the writer and should not be taken as an investment advice. Stock market or mutual fund investment is risky and investors should do their own research before making any stock market or mutual fund investment.