Festive Season Investing: Top Large-Cap Mutual Funds for 30% Returns
According to many mutual fund advisors, the large-cap category stands out as a potential performer during periods of market volatility. Let's delve into some top large-cap mutual fund options for this festive season
Festive Season Investing
As the festive season is almost here, many investors are seeking profitable mutual investment opportunities to grow their wealth. In this context, large-cap mutual funds have emerged as a popular choice.
These funds are known for their stability and reliability, especially during market volatility. In September, the equity fund segment displayed an average return of up to 5%, with a total of 32 funds in this category during that period.
With Navratri underway and Diwali approaching, it's an ideal time to consider investing and expanding your financial portfolio.
Here are five recommended schemes to consider for this festive season:
Canara Robeco Bluechip Equity Fund: As of September 30, 2024, the Canara Robeco Bluechip Equity Fund Direct-Growth, established in 2013, held assets worth Rs 14,870 crores. This fund has proven to be a smart investment choice with an expense ratio of 0.45%, lower than the industry average for large-cap funds.
Mirae Asset Large Cap Fund Direct-Growth: As of September, the Mirae Asset Large Cap Fund Direct-Growth managed Rs 41,593 crore in assets. With a low-cost ratio of 0.53%, the fund allocates 98.4% of its assets to domestic equities, including 67.54% in large-cap equities, 9.05% in mid-cap stocks, and 3.5% in small-cap stocks.
Baroda BNP Paribas Large Cap Fund Direct-Growth: This mutual fund had assets under management (AUM) totalling Rs 2,343 crore. The fund's investments are focused on sectors such as finance, energy, automobiles, technology, and services, with a strategic underweight position in finance and energy compared to other funds in the same category, making it an ideal option for wealth growth this festive season.
Axis Bluechip Fund Direct Plan-Growth: As of September 30, this medium-sized fund managed assets valued at Rs 35,452 crore. Since its inception, the fund has delivered returns of 32.65% in the last year and an average annual return of 15.89%, showcasing a remarkable ability to double-invest capital every four years.
Edelweiss Large Cap Fund Direct-Growth: This mutual fund, managed by Edelweiss Asset Management Limited, had assets under management (AUM) of Rs 1,081 crore as of September 30th, 2024. Since its inception, the fund has maintained an average annual return of 16.40%, indicating consistent performance and making it an excellent way to increase wealth this holiday season.
