Top 5 Large Cap Mutual Funds: Here are the five equity funds that have given the highest returns on three-year SIP investments.
Top 5 Large Cap Mutual Funds: Equity funds are the most popular among mutual funds, but the risk is also high. It is divided into large cap, mid cap and small cap. Investors can invest in any of these according to their choice to reduce the risk. Among these, large cap is considered safer because it is not affected much by market fluctuations. Their returns are also good.
The large cap category includes the top 100 companies whose market cap is the highest in the market. These firms are fundamentally strong with their global presence. In the mutual fund category, large cap has given an annual return of 9.04 percent in one year, 15.56 percent in 3 years, 16.17 percent in 5 years and 12.10 percent in 10 years. Today we are going to tell you about the top 5 mutual funds that have given the highest return on SIP investment in three years. During this, also know the current value of monthly SIP investment of Rs 23,456 in each fund.
ICICI Prudential Bharat 22 FOF Direct – Growth
The small cap fund has given an annual return of 34.07 percent on SIP investment in a period of 3 years. It has assets under management (AUM) of Rs 2,267 crore, while the net asset value (NAV) is Rs 31.6. Benchmarked against BSE Bharat 22 TRI, the fund has delivered an annualised return of 19.7 per cent since its launch in June 2018.
ICICI Prudential Bharat 22 FOF Direct – Growth
The fund has a minimum SIP investment of Rs 1,000 and a minimum lumpsum investment of Rs 5,000 at an expense ratio of 0.12 per cent. A monthly SIP investment of Rs 23,456 or a total investment of Rs 8,44,416 over a period of 3 years has generated a return of Rs 14,78,098.76.
ICICI Prudential Nifty Next 50 Index Direct – Growth
The fund has delivered an annualised return of 26.67 per cent on SIP investment over a period of 3 years. Its AUM is Rs 7,010 crore while its NAV is Rs 63.49 crore. Benchmarked against Nifty Next 50 TRI, the fund has generated a return of 15.73 per cent annually since its launch in January 2013.
ICICI Prudential Nifty Next 50 Index Direct-Growth
The fund has a minimum SIP and lumpsum investment of Rs 105 with an expense ratio of 0.31 per cent. A monthly SIP investment of Rs 23,456 has generated a return of Rs 13,01,460.94 over a 3-year time frame.
Nippon India Large Cap Fund Direct-Growth
The fund has a minimum SIP investment of Rs 500 and a minimum lumpsum investment of Rs 1,000 with an expense ratio of 0.66 per cent. A monthly SIP investment of Rs 23,456 has generated a return of Rs 12,62,364.01 over a 3-year time frame.
Related Articles:
Bank FD Rates: These banks are offering 9.5% interest on fixed deposits, check FD details
PAN 2.0 Apply: How can you get a new PAN from the income tax website, check the step by step process
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
