Top 5 Large-Cap Mutual Funds Give Returns Up To Rs 8 Crore On Monthly SIPs Of Rs 10,000 In Long-Term

Equity mutual funds have seen robust inflows in 2023, and large-cap funds have surpassed the returns of benchmarks like Sensex and Nifty. The key factor to invest in large-cap funds is generally because of their fundamental strength and capability to absorb minor hiccups efficiently. Large-cap companies tend to have a proven track record of healthy growth and are among industry leaders. They hold higher confidence and trust value for investors.

Not just that in the long-term these large-cap funds have made investors crorepati as well. Here is a list of the top 5 large-cap mutual funds which have given double-digit returns in 2023, and broadly triple-digit returns in a 5-years span. They have even given hefty returns as much as more than Rs 8 crore since their inception on SIPs of just merely Rs 10,000 per month.

Nippon India Large Cap Fund - Reg - Growth:

This fund has given double-to-triple digit growth in 1 year, 3 years and 5 years, emerging among the top 5 large-cap mutual funds of 2023.

The scheme has climbed by 32.15% in a year, while its 3-year absolute returns are about 95.14% and in 5 years, the upside is in triple-digit to 119.51%.

Currently, the scheme's net asset value (NAV) is at Rs 72.8909. It was launched on August 8, 2007. The fund is a large-cap fund, predominantly investing in stocks of the top 100 companies by full market capitalization.

Using the Value Research calculator, if Rs 10,000 SIPs are done per month for 16 years, will lead to returns up to Rs 81.44 lakh, which would be a 14.99% annualised return. While the investment value for the period will be Rs 20.20 lakh.

The primary investment objective of the scheme is to seek to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments of large-cap companies. The secondary objective is to generate consistent returns by investing in debt, money market securities, REITs and InvITs. However, there can be no assurance that the investment objective of the Scheme will be realized.

HDFC Top 100 Fund - Growth:

This mutual fund scheme has risen by 30.02% in 2023, and its 3-year upside is 85.09%, while its 5-year gain is around 110.96%.

At present, the scheme's net asset value is at Rs 979.336. As per the calculator, a SIP of Rs 10,000 per month, will lead to gains of more than Rs 8.60 crore in 27 years, resulting in an annualised return of 18.98%. The scheme was launched in October 1996. The gains are against an investment value of Rs 33.40 lakh for the period.

The Scheme aims to provide long-term capital appreciation. It will maintain a minimum exposure of 80% to large-cap stocks, as defined by SEBI, which currently are the 100 largest companies in India in terms of full market capitalization.

As per the HDFC Mutual Fund website, the scheme was launched on October 11, 1996, and is suggested for investment for 3 years and above tenure. SIPs can be as minimum as Rs 100. This product is suitable for investors who are seeking to generate long-term capital appreciation/income; and investment predominantly in Large-Cap companies.

DSP Top 100 Equity Fund - Reg - Growth:

This is an Equity Diversified, Large cap fund with S&P BSE 100 TRI as its benchmark. Top 100 Equity Fund invests in companies from among the top 100 in India- large, well-known leaders in their respective sectors. These companies have proven business models with solid track records of performance. Also, the fund can have a very high active share compared to the benchmark thereby the return profile can be materially different from the benchmark.

Notably, the stocks in the scheme tend to have a better ability to withstand economic slowdowns than smaller companies.

The scheme has climbed by 26.61% in 2023, while its 3-year and 5-year upside is to the tune of 54.51% and 89.54% respectively.

As per the calculator, Rs 10,000 SIPs per month will lead to a corpus of a massive Rs 1.24 crore in 20 years, resulting in an annualised returns of 13.59%. Notably, the investment value stood at Rs 25 lakh. The scheme was launched in March 2003.

ICICI Prudential Bluechip Fund - Growth:

ICICI Prudential's Bluechip Fund is an open-ended equity scheme predominantly investing in large-cap stocks. The scheme adopts a "buy & hold" approach in large-cap companies with proven track records, quality management, and good growth potential. Also, it takes positions in high-conviction stocks from across a range of well-diversified sectors to generate alpha.

This scheme has risen by 26.76% in 2023. Currently, its net asset value is at Rs 88.78. Meanwhile, the scheme has jumped by a huge 76.78% and 119.21% in 3-years and 5-years.

The scheme was launched in March 2008. Since its inception, the scheme has given an annualised return of 16.11%, taking Rs 10,000 monthly SIPs to Rs 77.26 lakh corpus in 15 years. The investment value was at Rs 19 lakh.

Bandhan Large Cap Fund - Reg - Growth.

Bandhan Large Cap Fund Direct-Growth is an Equity mutual fund scheme from Bandhan Mutual Fund. This scheme was launched on an Invalid date and is currently managed by its fund managers Sumit Agrawal and Sachin Relekar. It has an AUM of ₹1,193.83 Crores and the latest NAV declared is ₹70.556 as of 31 Dec 2023 at 3:23 am, as per Paytm Money's website.

Currently, the scheme has a net asset value of Rs 70.5560. In 2023, the scheme has jumped by over 26.77%, while it has given 57.43% absolute returns in 3 years and a whopping 103.94% upside in 5 years.

This scheme was launched in June 2006. Since its inception, Rs 10,000 SIPs per month will lead to an investment value of Rs 21.40 lakh in 17 years -- to which --- the gains will be around Rs 67.73 lakh. This will translate to 11.79% annualised returns by the scheme.

Disclaimer: The recommendations made above are by market analysts and are not advised by either the author nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.