Best Large Cap Mutual Funds for 2019

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2018 was certainly not a happy year for mutual fund investors. As compared to the previous year, the stock market remained highly volatile and tilted downwards as compared to the earlier years. The apprehension about the upcoming union budget and also the outcome of the parliamentary elections has kept the market on tenterhooks. This is the reason investors are playing cautiously this year. Especially, the cautious and new investors are searching for equity mutual funds which can help them to create wealth without exposing to much risk.

Why Invest in a Large Cap Mutual Fund Now?

The large companies in which best large cap mutual funds invest are the leaders in their respective fields, and they are relatively stable than smaller companies during a volatile phase in the market. That makes them ideal for investors who want to create wealth without taking much risk or exposing their corpus to a lot of volatility.

This is the reason why many mutual fund managers and experts in the industry are recommending top large cap schemes for a while now. They believe that they are ideal to tide over uncertain times. No wonder, large cap stocks are better placed than mid cap and small cap stocks to fare relatively better in times of the market correction.

These factors make best large cap schemes the best choice for conservative equity mutual fund investors. If you too have a low-risk appetite and want to invest in stocks to create wealth over a long term, opt for the best performing large cap mutual fund schemes.

Top 5 Large Cap Mutual Funds To Invest

Reliance Large Cap Fund

Reliance Large Cap Mutual Fund is one of the hottest selling large cap funds in India. The first and foremost thing an investor is concerned about is the numbers that the fund has scored in the past. If the performance graph shows no signs of improvement, then it’s a failed investment. But Reliance Large Cap Fund didn’t let anything of that sort happen to the investors. In fact, it is the highest paying fund in the category of large cap mutual funds. Reliance Large Cap Fund has aptly maintained the legacy of the Reliance Mutual Fund, since it invests only in the businesses that have an old operating history, dominating market position, and sustainable growth potential in the future. This helps the scheme to make the best portfolio geared towards building huge wealth and earning high returns.

ICICI Pru Bluechip Fund

ICICI Prudential Bluechip Fund is one of the best choices available in the market which has a proven record of a shining future waiting ahead. A great history assorted with superb performances, this best large cap mutual fund comes under the rarest of the rare breeds of successful funds shaping the modern-day investing regime. ICICI Prudential Bluechip Fund (G) remains one of the top paying funds in the large cap category. It has given returns over 14% since its inception in the year 2008. It has also broken the record of the benchmark returns and its peers in both short term and long-term investment period, giving returns over as much as 3-7% in each segment.

Axis Bluechip Fund

Axis Bluechip Fund erstwhile known as Axis Equity Fund is a best large cap mutual fund scheme from Axis Mutual Fund. It was launched on January 5, 2010, and has provided an average return since the launch of 11.55%. It has been a consistent performing fund which was able to outperform its benchmark and category in both one and five years period as on January 15, 2019. Shreyash Devalkar is the fund manager of Axis Bluechip Fund who has allocated 19.76% of the total investments in the large caps, and from the equity investments, 100% is allocated in the large cap companies.

Canara Robeco Bluechip Equity Fund

Canara Robeco Bluechip Equity Fund has performed really well in the long-term. However, in the past year, due to the equity market volatility, the returns have gone down. In terms of the past performance, this best large cap mutual fund scheme is good and also has a track record of beating its benchmark and category’s average for most of its life. It was launched on August 21, 2010, and was able to generate 10.68% return since launch. The significant sector allocation is done in that finance with 34.10%. The other sectors where the investment is made predominately are FMCG (11.21%), energy (11.04%), technology (9.91%), and construction (8.69%). It can be a great pick for investors who have a moderate growth expectation and can possess low to moderate level of risk.

UTI Mastershare Unit Scheme

UTI Mastershare Unit Scheme is one of the oldest equity funds in India. It is a conservatively managed scheme which has a consistent dividend paying track record of 30 years across all the market cycles. Well-executed investment process from a highly experienced investment team which is led by Mrs. Swati Kulkarni makes this fund a gem in the category. This large cap mutual fund scheme is especially meant for investors who want to expose themselves to low risk while investing in a pure equity fund. The fund manager is highly focused on delivering superior risk-adjusted returns as against peers and reducing risk by investing in quality issues with deleveraged balance sheets.

Summing Up

It is important to note that the best large cap mutual fund schemes listed above are all are relatively less volatile; thus they offer modest returns. Investors who are planning on investing in them should have realistic return expectations. You may invest in the above-listed top large cap mutual funds schemes with a minimum investment horizon of five to seven years to achieve your long-term financial goals. For further information about any regular mutual fund, connect with the experts working with MySIPonline. Also, here, in the link provided below, you can submit your queries related to mutual fund plans, and we will try and answer you asap.

Also Read:

1. Best Aggressive Mutual Fund Portfolio to Invest Now
2. Best Multi-cap Funds to Invest in 2019