Large Cap Mutual Funds in India
Updated September 2026 · 46 active funds · data from AMFI NAVs · benchmark: NIFTY 100 TRI
Large Cap funds are defined by SEBI as equity schemes that invest at least 80% of their assets in large-cap stocks - the top 100 companies by full market capitalization, as ranked by AMFI. These are India's most established, widely-tracked businesses: index heavyweights in banking, IT, energy and consumer goods. Because they hold mature, liquid blue chips, large-cap funds are typically the least volatile slice of the equity universe and tend to fall less sharply than mid or small-cap funds in a correction, while also rising more modestly in a rally. Many investors use a large-cap fund as the stable core of an equity portfolio, pairing it with higher-risk satellites. The standard benchmark on FindMF is the NIFTY 100 TRI, which tracks the same top-100 universe on a total-return basis (including dividends reinvested). FindMF computes each fund's trailing returns, volatility, Sharpe, drawdown, and alpha/beta versus the NIFTY 100 TRI from AMFI daily NAVs using a disclosed methodology - so you can see how a fund's risk-adjusted record actually compares to its benchmark rather than relying on marketing claims.
Who it suits: Investors who want core equity exposure with relatively lower volatility and are comfortable tracking the broad large-cap market.
75% of the 36 funds here with a computed alpha beat their benchmark over the measured window (positive alpha). Past performance is not indicative; this is analysis, not advice.
| # | Scheme | 1Y | 3Y | 5Y | Sharpe | Max DD | TER | AUM |
|---|---|---|---|---|---|---|---|---|
| 1 | Invesco India Largecap Fund Invesco | +2.51% | +13.81% | +10.77% | 0.63 | -19.7% | 0.80% | ₹1.7K Cr |
| 2 | quant Large Cap Fund quant | +5.20% | +13.67% | - | 0.43 | -21.1% | 1.80% | ₹2.9K Cr |
| 3 | Taurus Large Cap Fund Taurus | +7.99% | +13.22% | +10.10% | 0.43 | -19.2% | 2.24% | ₹50 Cr |
| 4 | BANK OF INDIA Large Cap Fund Bank of India | +4.43% | +12.94% | +9.15% | 0.35 | -22.6% | 1.02% | ₹206 Cr |
| 5 | WhiteOak Capital Large Cap Fund WhiteOak Capital | -1.05% | +12.82% | - | 0.63 | -15.2% | 0.72% | ₹1.1K Cr |
| 6 | BANDHAN Large Cap Fund Bandhan | +0.05% | +12.48% | +9.85% | 0.54 | -19.4% | 1.36% | ₹2.0K Cr |
| 7 | BARODA BNP PARIBAS LARGE CAP Fund Baroda BNP Paribas | -0.21% | +11.34% | - | 0.45 | -18.2% | 0.79% | ₹2.6K Cr |
| 8 | ITI Large Cap Fund ITI | +1.82% | +11.15% | +8.73% | 0.38 | -20.8% | 0.69% | ₹503 Cr |
| 9 | Nippon India Large Cap Fund Nippon India | -4.66% | +10.76% | +12.40% | 0.73 | -15.4% | 0.69% | ₹50.1K Cr |
| 10 | DSP Large Cap Fund DSP | -5.64% | +10.55% | +8.60% | 0.44 | -18.8% | 1.07% | ₹7.1K Cr |
| 11 | JM Large Cap Fund (Direct) JM Financial | -0.52% | +10.48% | +9.98% | 0.52 | -19.8% | 0.96% | ₹117 Cr |
| 12 | ICICI Prudential Large Cap Fund (erstwhile Bluechip Fund) ICICI Prudential | -5.15% | +10.44% | +10.44% | 0.61 | -15.4% | 1.06% | ₹76.2K Cr |
| 13 | Groww Largecap Fund (formerly known as Indiabulls Blue Chip Fund) Groww | -2.31% | +10.36% | +8.70% | 0.43 | -19.0% | - | ₹116 Cr |
| 14 | Edelweiss Large Cap Fund Edelweiss | -1.31% | +10.11% | +9.37% | 0.52 | -17.3% | 2.23% | ₹1.4K Cr |
| 15 | CANARA ROBECO LARGE CAP FUND Canara Robeco | -3.99% | +10.00% | +8.33% | 0.46 | -17.3% | 0.61% | ₹16.9K Cr |
| 16 | HSBC Large Cap Fund HSBC | -0.12% | +9.99% | +8.61% | 0.44 | -19.3% | 1.49% | ₹1.9K Cr |
| 17 | Kotak Large Cap Fund Kotak Mahindra | -3.39% | +9.95% | +8.61% | 0.48 | -17.4% | - | ₹10.8K Cr |
| 18 | Tata Large Cap Fund Tata | -2.77% | +9.80% | +8.76% | 0.48 | -17.1% | 0.98% | ₹2.7K Cr |
| 19 | Franklin India Large Cap Fund Franklin Templeton | -3.56% | +9.41% | +7.46% | 0.38 | -18.4% | 1.47% | ₹7.6K Cr |
| 20 | Aditya Birla Sun Life Large Cap Fund Aditya Birla Sun Life | -3.84% | +9.28% | +8.39% | 0.48 | -16.7% | - | ₹29.9K Cr |
Ranked by trailing return (3Y where available, else 1Y) on funds with at least one year of history. Returns, Sharpe, drawdown and TER are computed independently from AMFI NAVs - see methodology. No paid placement.
Frequently asked questions
How are gains from Large Cap funds taxed?
Large Cap funds hold well over 65% in Indian equity, so they are taxed as equity-oriented funds. Short-term gains (units held under 12 months) are taxed at 20%; long-term gains (12 months or more) are taxed at 12.5% on the amount above Rs 1.25 lakh per financial year.
What is a reasonable expense ratio for a Large Cap fund, and how should I compare them?
Large-cap is a competitive, well-researched space, so direct-plan expense ratios are often among the lowest in equity - commonly under 1%. Because most large-cap funds own similar blue chips, costs and consistency matter a lot. On FindMF, compare funds on TER, long-run alpha versus the NIFTY 100 TRI, volatility and drawdown side by side rather than on a single year's return.
Why do many Large Cap funds struggle to beat the NIFTY 100 TRI?
The large-cap segment is highly efficient and heavily researched, leaving fund managers less room to add value. FindMF shows each fund's alpha and tracking record against the NIFTY 100 TRI, computed from AMFI NAVs, so you can judge whether active management has historically been rewarded for a given scheme.
Are Large Cap funds safe?
They are generally less volatile than mid or small-cap funds, but they are still equity funds with no capital guarantee and can drop significantly in a market fall. FindMF's maximum-drawdown and volatility figures, derived from AMFI NAVs, show the historical downside for each fund.