Which large cap mutual funds are recommended for investment in May 2024?

Several financial experts advise investing in large capital schemes within the coming year. They think that the large-cap sector has the potential to perform strongly as the market reaches expensive levels. It is being said that the stock market is currently reaching record highs and could potentially experience increased volatility. Hence, as a cautious investor seeking to secure safe mutual fund options for your future financial aims, you may want to think about putting your money into large cap mutual funds. But first, you must understand the definition of large-cap mutual funds. Mutual funds and the state of the stock market.

Under Sebi's directive, large-cap mutual funds are required to invest in the top 100 companies based on market capitalization. Big corporations excel in a fluctuating market due to their ability to dominate the market and endure through tough times. If you want a moderately safer type of mutual fund, you should think about investing in bigger funds. Here are the best large cap mutual funds to invest in may 2024:

1.Nippon India Large Cap Fund Direct Growth

Nippon India Large Cap Fund has achieved annual returns of 27.15% in the last three years and 19.08% in the last five years. Nippon India Large Cap Fund comes under the equity category of Nippon India Mutual Funds. The minimum amount required to invest in Nippon India Large Cap Fund via lump sum is INR 100 and via SIP is INR 100.

2.Edelweiss Large Cap Fund Direct Growth

The Edelweiss Large Cap Fund has generated annual returns of 20.57% in the past three years and 18.34% in the past five years. Edelweiss Large Cap Fund comes under the equity category of Edelweiss Mutual Funds. The minimum amount required to invest in Edelweiss Large Cap Fund via lump sum is INR 100 and via SIP is INR 100

3.ICICI Prudential Bluechip Fund Direct Growth

ICICI Prudential Bluechip Fund has generated annual returns of 22.83% in the last three years and 18.93% in the last five years. ICICI Prudential Bluechip Fund comes under the equity category of ICICI Prudential Bluechip Funds. The minimum amount required to invest in ICICI Prudential Bluechip Fund via lump sum is INR 100 and via SIP is INR 100.

4.Mahindra Manulife Large Cap Fund Direct Growth

Mahindra Manulife Large Cap Fund has generated annual returns of 18.94% in the past three years and 17.6% in the past five years. Mahindra Manulife Large Cap Fund comes under the category of Mahindra Mutual Fund shares. The minimum amount required to invest in Mahindra Manulife Large Cap Fund via lump sum is INR 1000 and via SIP is INR 500.

5.Tata Large Cap Direct Plan Growth

Tata Large Cap Fund has generated annual returns of 19.87% in the last three years and 17.03% in the last five years. Tata Large Cap Fund comes under the equity category of Tata Mutual Funds. The minimum amount required to invest in Tata Large Cap Fund via lump sum is INR 5,000 and via SIP is INR 100.

FAQs

Q. Is it right time to invest in large-cap mutual funds?

A. Mutual fund advisors are recommending investing in large cap schemes in the coming year. The advisors believe that the large cap category may do well as the market is entering into the expensive territory. They say that the stock market is at an all-time high and the market is likely to become volatile

Q. How do I choose a large-cap fund?

A. Large Cap should be a choice for those individuals who need to make good use of equity investments but don't need their returns to keep on fluctuating with time. Since large-cap funds are known to be financially stable, they are capable of withstanding bear markets

Q. Which sector will grow in 2024?

A. Fastest Growing Sectors in India

• IT.
• Healthcare.
• FMCG.
• Renewable Energy.
• Infrastructure.

Q. Should I only invest in large-cap?

A. Many financial planners recommend parking the bulk of your investments in a diversified, large-company U.S. stock mutual fund or exchange-traded fund.

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