Synopsis – Large-cap mutual funds based on a high AUM provide a combination of consistent returns, stability, and liquidity, and they are the best alternative for investors seeking growth with less risk.
Large-cap mutual funds invest mainly in the 100 companies with the largest market capitalization. They provide investors with stability, relatively lower risk, and consistent growth potential over the long term. When looking at large-cap mutual funds, Assets Under Management (AUM) is an important measure of investor confidence, fund liquidity, and fund stability that would be important for a conservative investor or long-term investor.
Selection Methodology
- High AUM numbers as of October 2025.
- Strong consistent returns in the 3- to 5-year range.
- Reputation of the fund house and track record of the fund manager.
- Data sources include AMFI, Moneycontrol, and Value Research insights.
Top 10 Large-cap Mutual Funds with High AUM in 2025
1. ICICI Prudential Bluechip Fund
- AUM (in ₹ Crore): 64,963
- NAV: 115.25
- Expense Ratio: 0.89%
- Launched year: 1998
- Key advantages: Large and diversified portfolio; strong return history over long periods; stable leadership which has had co-owners for over a decade; consistency in returns.
- Ideal types of investors: Conservative long-term growth investors and SIP investors.
2. SBI Bluechip Fund
- AUM (in ₹ Crore): 45,000
- NAV: 59.33
- Expense Ratio: 1.10%
- Launched year: 2006
- Key advantages: A strong brand, disciplined manager with a historical track record, who invests in the top 100 companies based on market capitalisation.
- Ideal types of investors: Investors needing a disciplined, continuous investment growth in larger companies.
3. HDFC Large Cap Fund
- AUM (in ₹ Crore): 38,251
- NAV: 1187.03
- Expense Ratio: 0.99%
- Launched year: 1994
- Key advantages: Long track record of managing large portfolios, active management style.
- Ideal types of investors: Long-term investors looking for a large fund with active management style who have a good track record.
4. Mirae Asset Large Cap Fund
- AUM (in ₹ Crore): 38,000
- NAV: 87.88
- Expense Ratio: 0.98%
- Launched year: 2010
- Key advantages: Performance in line with index consistently; stock picks driven by research.
- Ideal types of investors: Investors who may want modern management style with solid research.
Also read: Top Reasons Why ETFs Perform Better Than Index Mutual Funds — Here’s What You Need to Know
5. Axis Bluechip Fund
- AUM (in ₹ Crore): 35,000
- NAV: 58.32
- Expense Ratio: 1.08%
- Launched year: 2013
- Key advantages: Quality stocks with high ROE only ; low expense ratio.
- Ideal types of investors: Investors looking for growth investment, SIP and regular investors.
6. Aditya Birla Sun Life Frontline Equity Fund
- AUM (in ₹ Crore): 28,106
- NAV: 553.86
- Expense Ratio: 1.02%
- Launched year: 2002
- Key advantages: Large balanced portfolio with a dedication to developing a good risk portfolio in place.
- Ideal types of investors: People who want to hold a good amount of dissimilar sectors in a portfolio in a well managed fund and looking for a stable fund that will hold capital.
7. Kotak Bluechip Fund
- AUM (in ₹ Crore): 9,424
- NAV: 621.97
- Expense ratio: 0.62%
- Launch Year: 1998
- Key strengths: Strong discipline about sector allocation; stable historical returns.
- Ideal investor profile: Conservative growth investors.
8. DSP Top 100 Equity Fund
- AUM (in ₹ Crore): 5,070
- NAV: 503.81
- Expense ratio: 0.97%
- Launch Year: 2007
- Key strengths: Established legacy; proven performance during periods of volatility.
- Ideal investor profile: Investors looking for experienced fund managers.
9. Edelweiss Large Cap Fund
- AUM (in ₹ Crore): 1,157
- NAV: 92.05
- Expense ratio: 0.61%
- Launch Year: 2009
- Key strengths: Cost-effective; a modern selection algorithm.
- Ideal investor profile: Tech-savvy investors and cost-conscious investors.
10. Invesco India Large Cap Fund
- AUM (in ₹ Crore): 1,329
- NAV: 78.10
- Expense ratio: 0.75%
- Launch Year: 2007
- Key strengths: Growth-focused; flexibility and adaptive investment strategy.
- Ideal investor profile: Moderate risk-takers with an interest in emerging brands.
Trends and Insights
- There is a growing interest in large-cap index funds, with actively managed large-cap funds still holding more AUM.
- SIP inflows into large-cap funds are steadily increasing, showing confidence in their consistent returns.
- Large-cap fund houses such as ICICI Prudential, HDFC, Nippon India, and Axis have strong brands, investor bases, and return profiles.
Conclusion
The investor’s decision to invest in the right large-cap should be based on creating a balance between AUM and fund management technique and performance. With proper guidance and purpose, an investor can use these funds for a sustainable wealth journey in 2025 and beyond.
Written By Rachna Rajput