Calculate your SIP ReturnsExplore

Top Performing Large-Cap Funds to Invest in 2024

29 December 20234 mins read by Angel One
While the relative stability of the Indian economy and improving fundamentals offer some support, the truth remains that complete insulation from the global situation is elusive.
Top Performing Large-Cap Funds to Invest in 2024
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

In the dynamic world of investments, staying ahead of the curve is essential, especially when markets are showing signs of volatility. As we step into 2024, the buzz among mutual fund experts is centered around large-cap funds. The rationale is simple – with the market at a historic high and an eventful year on horizon, large-cap funds are emerging as a beacon of stability.

Understanding Large Cap Funds

Large cap mutual funds are vehicles that predominantly invest in the top 100 companies by market capitalization. These companies are considered industry leaders, known for their resilience during market downturns. The idea is that in times of uncertainty, sticking with well-established and financially robust organizations can provide a sense of security to investors.

The Landscape of Market Uncertainty

The global economic landscape is undergoing significant shifts, with rising uncertainty and volatility causing concerns among equity investors. Factors such as a surging market, escalating interest rates, and the looming specter of inflation contribute to a perplexing investment scenario. While the relative stability of the Indian economy and improving fundamentals offer some support, the truth remains that complete insulation from the global situation is elusive.

Exploring Top-Performing Large-Cap Funds

To help investors make informed decisions, we’ve compiled a list of top-performing large-cap funds based on trailing returns over different periods:

Funds Trailing Returns (%)
1-Year 3-year 5-Year 10-Year
ICICI Pru Bluechip Fund 25.05 21.56 16.67 15.71
Nippon India Large Cap Fund 30.27 25.85 16.79 16.95
HDFC Top 100 Fund 27.67 23.49 15.94 15.16
Baroda BNP Paribas Large Cap Fund 22.40 17.38 16.58 15.32
JM Large Cap Fund 27.57 18.45 15.01 13.61
Invesco India Large Cap Fund 25.77 18.94 15.50 14.65
Bandhan Large Cap Fund 25.22 17.02 15.16 12.87
Edelweiss Large Cap Fund 23.24 17.70 15.76 14.65
DSP Top 100 Equity Fund 24.08 16.07 13.32 12.46
Kotak Bluechip Fund 20.74 17.75 16.12 14.97

Data as on December 22, 2023

Conclusion: Navigating the Seas of Investment in 2024

As we step into an eventful year which could result into spike in volatility, the appeal of large-cap funds becomes evident. The data reveals a spectrum of top-performing funds, each with its unique strengths over different time frames. Investors must align their risk tolerance and investment horizon with the fund’s historical performance.

While past performance does not guarantee future results, the consistency exhibited by these funds in various market conditions makes them worthy contenders for a spot in your portfolio. However, it’s crucial to remember that every investment decision comes with its own set of risks, and diversification remains a key strategy for mitigating these uncertainties.

In conclusion, the 2024 investment landscape beckons investors to consider the stability and resilience offered by large-cap funds. It’s not about avoiding risks entirely but rather about making informed choices that align with your financial goals. As you set sail into the new year, may your investment journey be marked by well-researched decisions and fruitful returns.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Grow Wealth, Start SIP Now!

Start Your Mutual Fund Investments Journey Today

Join our 2 Cr+ happy customers

+91
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy Zero Brokerage on Equity Delivery

Get the link to download the App

Send App Link

Enjoy Zero Brokerage on
Equity Delivery