Searching for the best large-cap mutual funds for investment in 2021? Large-cap mutual funds are those equity funds that invest a large portion of total assets in companies with large market capitalisation.
However, due to a change in the SEBI circular on September 11, 2020, all multi-cap funds have to invest at least 25% of their portfolio in each market category. It means at least 25% portion each in Large-cap, mid-cap, and small-cap companies.
In this article, you will find the list of recommended monthly updated mutual funds in May. That means if you will start investing in any of the recommended schemes to achieve your long-term financial objectives, you can continue with them.
How to Resist Bleak Economic Times
As in the present turmoil state of the market due to COVID-19, many mutual funds advisors are advising their clients to invest in large-cap mutual funds only. The reason is very simple as the large companies with deep pockets would able to resist the bleak economic times again just like in 2020.
However, we would like you to know a few things before making any investment decisions. Large-cap mutual funds are recommended to prudent equity investors who are looking to generate wealth without much risk involvement.
Why We Should Opt With Large Cap Companies?
Large-cap companies are generally leaders in their domain. That means they are relatively stable than their small counterparts during hard economic times like we faced during 2020 or even today.
That’s the sole purpose behind managers advising their clients to invest in large-cap schemes during uncertain times when markets are in a state of correction.
So, now we all are very clear why do we need to opt for large-cap mutual fund schemes during such times. So lets’ move onto our recommended large-cap mutual fund schemes but keep in mind to invest in these schemes for a minimum investment horizon of five to seven years to achieve your long-term financial goals. Keep checking your scheme monthly updates to check whether they are performing up to the mark. They usually come up with the updates in the first week of every month.
List of Top Large Cap Mutual Funds in 2021
The best large-cap mutual funds to invest in 2021 are :
1. Axis Bluechip Fund
2. ICICI Prudential Bluechip Fund
3. Nippon India Large Cap Fund
4. Canara Robeco Bluechip Equity Fund
5. HDFC Top 100 Fund
6. Mirae Asset Largevap Fund.
7. SBI Bluechip Fund
8. Franklin India Blue Chip Fund
(Disclaimer: Past performance of any funds can’t 100% guarantee for the future.)