Top 5 Large Cap Mutual Funds: Equity funds are the most popular among mutual funds, but they also carry more risk. It is divided into large cap, mid cap and small cap. Investors can invest in any one of these as per their convenience to reduce the risk. Among these, large cap is considered safer because market fluctuations do not affect it that much. Their returns are also good.
Large cap category includes those top 100 companies which have the highest market cap in the market. These firms are fundamentally strong with their global presence. In the mutual fund category, large cap has given annual returns of 9.04 percent in one year, 15.56 percent in 3 years, 16.17 percent in 5 years and 12.10 percent in 10 years. Today we are going to tell you about the top 5 mutual funds giving highest returns on SIP investment in three years. During this time, also know the current value of monthly SIP investment of Rs 23,456 in each fund.
ICICI Prudential Bharat 22 FoF Direct – Growth
The small cap fund has given 34.07 percent annual return on SIP investment over a period of 3 years. It has assets under management (AUM) of Rs 2,267 crore, while the net asset value (NAV) is Rs 31.6 crore. Benchmarked against BSE Bharat 22 TRI, the fund has delivered annual returns of 19.7 per cent since its launch in June 2018.
ICICI Prudential Bharat 22 FoF Direct – Growth
The minimum SIP investment in the fund is Rs 1,000 and minimum lump sum investment is Rs 5,000 at an expense ratio of 0.12 per cent. A monthly SIP investment of Rs 23,456 or a total investment of Rs 8,44,416 in a period of 3 years gave a return of Rs 14,78,098.76.
ICICI Prudential Nifty Next 50 Index Direct-Growth
This fund gave 26.67 percent annual return on SIP investment over a period of 3 years. Its AUM is Rs 7,010 crore, while its NAV is Rs 63.49. Benchmarked against Nifty Next 50 TRI, the fund has given an annualized return of 15.73 per cent since its inception in January 2013.
ICICI Prudential Nifty Next 50 Index Direct-Growth
The minimum SIP and lump sum investment in this fund is Rs 105 with an expense ratio of 0.31 per cent. A monthly investment of Rs 23,456 on SIP in a time frame of 3 years gave a return of Rs 13,01,460.94.
Nippon India Large Cap Fund Direct-Growth
The minimum SIP investment in the fund is Rs 500 and minimum lump sum investment is Rs 1,000 at an expense ratio of 0.66 per cent. A monthly SIP investment of Rs 23,456 gave a return of Rs 12,62,364.01 in 3 years.
Disclaimer: (The information provided here is being provided for information only. It is important to note here that investment in the market is subject to market risks. Always seek expert advice before investing money as an investor. ABPLive.com does not advise anyone It is never advisable to invest money here.)
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