These are 5 ‘Big B’ Mutual Funds, ₹1 lakh turned into more than ₹2 lakh in 5 years; check portfolio
Top 5 ‘Big B’ Mutual Funds: Today (11 October) is the birthday of Bollywood’s ‘Big B’ Amitabh Bachchan. Amitabh Bachchan’s stature is that of a ‘megastar’ in the industry. Similarly, for investment purposes, here we have chosen mutual fund schemes that invest in leading stocks, i.e. Large Cap Funds. The returns of these top 5 large cap funds have been the highest in 5 years. Investors’ wealth doubled in these funds in the long run. Also, these funds remain stable compared to other categories even during market fluctuations. Let us know the performance of such ‘Bigby’ funds…
Top 5 ‘Big B’ Mutual Funds: Large Cap Schemes with Strong Performance
Canara Robeco Bluechip Equity Fund
Investors in Canara Robeco Bluechip Equity Fund have got an average annual return of 17.39 percent in the last 5 years. The value of a lump sum investment of Rs 1 lakh in this scheme is Rs 2.23 lakh today. You can invest at least Rs 5000 in lump sum in this. Whereas, the minimum SIP amount is Rs 1000.
Nippon India Large Cap Fund
Investors in Nippon India Large Cap Fund have got an average annual return of 16.95 percent in the last 5 years. The value of lump sum investment of Rs 1 lakh in this scheme is Rs 2.19 lakh today. You can invest at least Rs 100 in lump sum in this. Whereas, the minimum SIP amount is Rs 1000.
Baroda BNP Paribas Large Cap Fund
Investors in Baroda BNP Paribas Large Cap Fund have got an average annual return of 16.75 percent in the last 5 years. The value of lump sum investment of Rs 1 lakh in this scheme today is Rs 2.17 lakh. You can invest at least Rs 5000 in lump sum in this. Whereas, the minimum SIP amount is Rs 500.
Kotak Bluechip Fund
Investors in Kotak Bluechip Fund have got an average annual return of 16.50 percent in the last 5 years. The value of a lump sum investment of Rs 1 lakh in this scheme is Rs 2.14 lakh today. You can invest at least Rs 100 in lump sum in this. Whereas, the minimum SIP amount is Rs 100.
SBI Bluechip Fund
Investors in SBI Bluechip Fund have got an average annual return of 16.19 percent in the last 5 years. The value of a lump sum investment of Rs 1 lakh in this scheme is Rs 2.12 lakh today. You can invest at least Rs 5000 in lump sum in this. Whereas, the minimum SIP amount is Rs 500.
(Source: AMFI, NAV- till October 10, 2023)
What are Large Cap Funds
In large cap funds your money is invested in large cap companies. If money is being invested in a leader company of a sector, then the risk here reduces significantly. These companies have given consistent returns to investors for the last several years. If investment is made in large cap for long term then it proves to be a low risk multibagger investment.
Large cap funds are a great scheme for investors who want to take less risk and have a long-term investment perspective. Volatility is less in large cap funds. In such a situation, if there is a decline in the market, its investors suffer less loss as compared to midcap and small cap. It is believed that when the market rises after a correction, it recovers faster. Since the investment horizon is long, the investor has no fear of loss.
(Disclaimer: Here is the last 5 year performance of top 5 large cap funds. This is not an investment advice. Investing in mutual funds is subject to market risks. Consult your advisor before investing.)