Synopsis: This article lists down the top 7 large-cap equity mutual funds that has given the highest returns in past 5-years. Alongwith the 5-year CAGR, other important factors like NAV, AUM, 1-Year, 3-Year and 5 Year Returns are included. The article also covers the benchmark funds, fund managers and top holdings of each fund.
These funds focus on investing in financially sound companies in the market, which usually have less volatility than mid- and small-cap funds while providing significant compounding over several years. As stated in a recent Economic Times article, out of 181 equity mutual funds, 11 of them achieved more than 20 % CAGR over three, five, and seven-year periods. This highlights the strong performance of top-tier equity funds, including large caps.
Large-cap equity funds with the highest 5-year CAGR
1. ICICI Prudential BHARAT 22 FOF Direct-Growth (5-year CAGR: 27.48%)
- NAV: ₹36.04
- AUM: ₹2,551.54Cr
- Expense Ratio: 0.12%
- 1-Year Return: 26.27%
- 3-Year CAGR: 28.37%
- 3-Year Return: 111.7%
- 5-Year Return: 237.1%
ICICI Prudential BHARAT 22 FOF Direct-Growth uses the BSE Bharat 22 Total Return Index and is managed by Kayzad Eghlim, Nishit Patel, Ajay Kumar Solanki, Ashwini Jemin Bharucha, and Venus Ahuja. The fund invests fully in BHARAT 22 ETF- Growth.
2. Nippon India Large Cap Fund (5-year CAGR:18.38%)
- NAV: ₹103.81
- AUM: ₹50,106.61Cr
- Expense Ratio: 0.65%
- 1-Year Return: 14.88%
- 3-Year CAGR: 20.07%
- 3-Year Return: 73.2%
- 5-Year Return: 132.7%
Nippon India Large Cap Fund tracks the BSE 100 Total Return Index as its benchmark fund and is managed by Sailesh Raj Bhan, Bhavik Dave, Divya Dutt Sharma, and Lokesh Maru. Its top 3 holdings include HDFC Bank, ICICI Bank, and Reliance Industries Ltd.
3. Quant Focused Fund (5-year CAGR:17.01%)
- NAV: ₹94.28
- AUM: ₹ 847.71Cr
- Expense Ratio: 0.84%
- 1-Year Return: 8.24%
- 3-Year CAGR: 16.79%
- 3-Year Return: 59.4%
- 5-Year Return: 119.5%
Quant Focused Fund uses the NIFTY 500 Total Return Index as its benchmark fund and is managed by Sanjeev Sharma, Sandeep Tandon, and Ankit A Pande. Its top 3 holdings include Larsen & Toubro, Adani Enterprises, and HDFC Bank.
4. DSP Nifty 50 Equal Weight Index Fund (5-year CAGR: 16.42%)
- NAV: ₹27.63
- AUM: ₹2,416.78Cr
- Expense Ratio: 0.41%
- 1-Year Return: 15.84%
- 3-Year CAGR: 18.92%
- 3-Year Return: 68.3%
- 5-Year Return: 114.0%
DSP Nifty 50 Equal Weight Index Fund uses the NIFTY 50 Equal Weight Total Return Index and is managed by Anil Ghelani and Diipesh Shah. Its top 3 holdings include ONGC Ltd, Tata Steel Ltd, and Bharat Electronics.
Also read: Best Performing Mutual Funds: 7 Large-Cap Funds That Delivered Over 30% CAGR in Last 3 Years
5. ICICI Prudential Large Cap Fund (5-year CAGR:16.03%)
- NAV: ₹124.37
- AUM: ₹76,645.56Cr
- Expense Ratio: 0.85%
- 1-Year Return: 12.87%
- 3-Year CAGR: 18.69%
- 3-Year Return: 67.3%
- 5-Year Return: 110.5%
ICICI Prudential Large Cap Fund uses the NIFTY 100 Total Return Index as its benchmark fund and is managed by Sankaran Naren and Vaibhav Dusad. Its top 3 holdings include HDFC Bank, ICICI Bank, and Reliance Industries Ltd.
6. Invesco India Large Cap Fund (5-year CAGR:15.39%)
- NAV: ₹84.23
- AUM: ₹1,666.05Cr
- Expense Ratio: 0.71%
- 1-Year Return: 13.36%
- 3-Year CAGR: 19.26%
- 3-Year Return: 69.7%
- 5-Year Return: 104.7%
Invesco India Large Cap Fund follows the NIFTY 100 Total Return Index as its benchmark fund and is managed by Hiten Jain. Its top 3 holdings include ICICI Bank, HDFC Bank, and ICICI Prudential Asset Management Company.
7. Nippon India Nifty Next 50 Junior BeES FoF Direct-Growth (5-year CAGR: 15.26%)
- NAV: ₹25.89
- AUM: ₹661.07Cr
- Expense Ratio:0.12%
- 1-Year Return: 13.48%
- 3-Year CAGR: 22.27%
- 3-Year Return: 82.9%
- 5-Year Return: 103.6%
Nippon India Nifty Next 50 Junior BeES FoF Direct Growth uses the NIFTY 50 Total Return Index and is managed by Himanshu Mange. The fund invests fully in Nippon India ETF Nifty Next 50 Junior BeES.
Who Should Consider These Funds
These large-cap equity funds are ideal for investors with a long investment horizon as they usually grow steadily over time. These funds mainly invest in established companies that have strong balance sheets and lead their markets. This makes them a good choice for investors seeking equity exposure but who want less volatility than mid-cap or small-cap funds offer. These funds are not a good choice for investors with an investment horizon of less than 3 years and who prioritises capital protection.
Conclusion
Ultimately, the right choice depends on an investor’s risk tolerance, investment horizon, and portfolio mix. Using these funds as core holdings can help investors take part in long-term equity growth while managing risk. As always, aligning fund selection with financial goals and staying disciplined through market ups and downs is essential for successful investing.
Written by Nila Maria Jacob
