Unveiling the Titans: Top 5 best-performing large-cap mutual funds of 2024

In the dynamic landscape of mutual funds, large-cap funds have long been favored for their stability and potential for steady growth. Amidst market fluctuations and economic uncertainties, certain funds have consistently stood out, delivering impressive returns and capturing investor confidence.

Here’s a closer look at the top five best-performing large-cap mutual funds of 2024, showcasing their resilience and attractiveness in today’s investment arena.

1. Aditya Birla Sun Life Frontline Equity Fund

Leading the pack is the Aditya Birla Sun Life Frontline Equity Fund, which mirrors its performance against the NIFTY 100 Total Return Index. This fund boasts a very high-risk profile, yet it has managed to deliver outstanding returns across various time horizons. As of June 14, 2024, investors in the direct plan have enjoyed a remarkable 33.93% return over the past year, surpassing the benchmark’s 32.82%. Over longer periods, the fund has consistently outperformed, with three-year returns at 18.01%, five-year returns at 17.54%, and ten-year returns at 15.75% in the direct plan. With an impressive daily AUM of Rs 28,689.38 crore, this fund remains a top choice for investors seeking robust performance and stability in large-cap investments.

2. Axis Bluechip Fund

Benchmarked against the BSE 100 Total Return Index, the Axis Bluechip Fund is renowned for its disciplined approach and strong performance metrics. This fund, also categorized as very high risk, has demonstrated resilience in volatile markets. Investors in the direct plan have seen returns of 29.83% over the past year, slightly below the benchmark’s 31.66%. However, over three and five-year periods, Axis Bluechip Fund has consistently outperformed, delivering returns of 12.36% and 17.22% respectively, showcasing its ability to generate stable growth over time. With a substantial daily AUM of 34,105.74 crore, this fund continues to attract investors seeking reliable returns in the large-cap segment.

3. Bandhan Large Cap Fund

Another standout performer in the large-cap category is the Bandhan Large Cap Fund, which tracks the BSE 100 Total Return Index. Known for its aggressive yet strategic investment approach, this fund has delivered impressive returns amidst market volatility. As of June 14, 2024, investors in the direct plan have benefited from a substantial 37.42% return over the past year, significantly outperforming the benchmark’s 31.66%. Over three and five-year periods, the fund has continued to excel, with returns of 18.66% and 17.22% respectively, solidifying its position as a top performer in the large-cap space. With an AUM of Rs 1,471.35 crore, the Bandhan Large Cap Fund appeals to investors looking for robust growth potential in their portfolios.

4. Bank of India Bluechip Fund

Benchmarked against the NIFTY 100 Total Return Index, the Bank of India Bluechip Fund has made waves with its exceptional performance and strong investor appeal. As of June 14, 2024, investors in the direct plan have enjoyed an impressive 47.11% return over the past year, far surpassing the benchmark’s 32.82%. This fund’s ability to consistently deliver high returns underscores its strategic management and market acumen. With a daily AUM of Rs 152.39 crore, the Bank of India Bluechip Fund continues to attract investors seeking aggressive growth in the large-cap segment.

5. Baroda BNP Paribas Large Cap Fund

Rounding out our list is the Baroda BNP Paribas Large Cap Fund, which mirrors its performance against the NIFTY 100 Total Return Index. This fund has distinguished itself with robust returns and disciplined investment strategies. As of June 14, 2024, investors in the direct plan have seen returns of 43.02% over the past year, outperforming the benchmark’s 32.82%. Over three, five, and ten-year periods, the fund has consistently surpassed its benchmark, delivering returns of 20.56%, 16.47%, and 15.99% respectively in the direct plan. With a daily AUM of Rs 2,064.43 crore, the Baroda BNP Paribas Large Cap Fund remains a preferred choice for investors seeking stability and growth potential in large-cap investments.

Conclusion

In conclusion, these top five best-performing large-cap mutual funds of 2024 exemplify resilience, strategic management, and strong performance amidst market volatility. Whether you’re a seasoned investor or exploring opportunities in the mutual fund space, these funds offer compelling options for building a diversified and robust investment portfolio. With their proven track records and solid fundamentals, they continue to attract investors looking for stability and growth potential in today’s uncertain economic landscape.

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