Based on 3-year returns and Crisil ranking, there are top three large-cap (bluechip) equity mutual funds in India. Crisil has given rank 1 to these three schemes as they have been consistent performers in the past with steady returns. As per the ranking, these schemes are very good performers among their peers.
All the schemes considered are direct plans with growth options and are available for SIP investment. The minimum SIP investment amount of Rs 100 is possible in two funds.
Here are the top 3 bluechip mutual funds in India, based on their 3-year returns:
1. Nippon India Large Cap Fund
Returns over 3 years: 29.66%
Returns over 5 years: 14.62%
Returns since inception: 15.35%
AUM: Rs 13,432 crore
Minimum SIP amount: Rs 1,000
2. ICICI Prudential Asset Management
Returns over 3 years: 24.56%
Returns over 5 years: 13.43%
Returns since inception: 14.79%
AUM: Rs 35,876.98 crore
Minimum SIP amount: Rs 100
3. HDFC Top 100 Fund
Returns over 3 years: 26.08%
Returns over 5 years: 13.29%
Returns since inception: 13.36%
AUM: Rs 23,191.78 crore
Minimum SIP amount: Rs 100
These funds invest in large cap companies, which are typically well-established and have a proven track record of profitability. They are considered to be a relatively safe investment option, but they still have the potential to generate high returns over the long term.
They are considered to be less risky than other types of mutual funds, such as mid-cap or small cap funds. However, it is important to note that all investments carry some risk, and there is no guarantee that these funds will generate positive returns.
When choosing a bluechip mutual fund, it is important to consider your investment goals, risk tolerance and time horizon. You should also compare the various fees and management charges of different funds before making a decision.
Here are some of the factors to consider when choosing a bluechip mutual fund:
Fund manager experience and track record: Look for a fund manager with a proven track record of success.
Fund size: Larger funds tend to be more diversified and have lower expense ratios.
Fees: Mutual funds charge fees, which can eat into your returns. Look for a fund with low fees.
Investment objectives: Make sure the fund’s investment objectives align with your own.
Risk tolerance: Bluechip funds are generally considered to be a relatively safe investment option, but they still have the potential to lose money. Consider your risk tolerance before investing.
Also note that it is important to remember that past performance is not a guarantee of future returns. Before investing in any mutual fund, it is important to do your research and understand the risks involved.
Mutual fund investments are subject to market risk. The above write-up is purely informational and doesn’t guarantee any return. Greynium Information Technologies or the author will not be liable for any losses caused as a result of a decision based on this write-up.