Best Large Cap Funds in India (2026)
Live · updated 2026-09-16 Ranked by data, refreshed from daily NAVs
This is the complete, data-ranked list of large caps we track - every Direct-Growth scheme in the category with a meaningful track record, ordered by long-term quality (King Score). This page is recomputed from NAV data every day, so it cannot go stale, and every fund on it links to a full research page with returns, risk, SIP outcomes, holdings and manager track record.
Large cap funds invest at least 80% in India's 100 biggest companies - the HDFC Banks and Reliances of the market. These are the most-analysed, most-liquid stocks in the country, which makes the category the steadiest corner of equity investing and also the hardest place for a fund manager to find an edge.
That difficulty shows up in the data: a majority of large cap funds have struggled to beat the Nifty index after fees over long periods. So this ranking deserves a sharper question than usual - not just which large cap fund is best, but whether the best ones actually justify their fees against a cheap index fund. Check each fund's alpha and benchmark hit-rate on its page; the honest answer differs fund by fund.
Tap any column heading to sort. Every fund name links to its full review.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | WhiteOak Capital Large Cap Fund | 88 | 97 | 0.6% | 4.2% | -1.4% | 12.2% | n/a | n/a | 0.4 | 17.7% | -15.2% |
| 2 | BARODA BNP PARIBAS LARGE CAP Fund | 84 | 90 | -0.1% | 3.8% | -0.8% | 10.5% | n/a | n/a | 0.29 | 16.7% | -18.2% |
| 3 | BANDHAN Large Cap Fund | 89 | 85 | 0.6% | 4.8% | -0.4% | 11.7% | 10.0% | 12.8% | 0.37 | 13.6% | -35.1% |
| 4 | Invesco India Largecap Fund | 94 | 84 | 1.5% | 8.2% | 1.2% | 12.8% | 11.0% | 13.4% | 0.42 | 15.7% | -36.9% |
| 5 | Taurus Large Cap Fund | 99 | 82 | 7.0% | 7.8% | 4.9% | 11.5% | 9.6% | 9.9% | 0.34 | 12.0% | -35.1% |
| 6 | quant Large Cap Fund | 96 | 82 | -0.6% | 9.6% | 4.4% | 12.2% | n/a | n/a | 0.36 | 16.4% | -21.1% |
| 7 | JM Large Cap Fund (Direct) | 82 | 82 | 0.5% | 2.8% | -1.8% | 9.6% | 10.1% | 11.4% | 0.2 | 14.3% | -19.8% |
| 8 | Nippon India Large Cap Fund | 34 | 78 | -1.7% | 0.1% | -5.2% | 9.9% | 12.6% | 13.9% | 0.24 | 16.8% | -40.0% |
| 9 | Nippon India Large Cap Fund | 34 | 78 | -1.7% | 0.1% | -5.2% | 9.9% | 12.6% | 13.9% | 0.24 | 16.8% | -40.0% |
| 10 | ITI Large Cap Fund | 96 | 77 | 2.7% | 7.7% | 0.5% | 10.1% | 8.8% | n/a | 0.22 | 15.8% | -20.8% |
| 11 | BANK OF INDIA Large Cap Fund | 91 | 76 | -0.7% | 5.2% | 3.1% | 11.8% | 9.1% | n/a | 0.33 | 16.1% | -22.6% |
| 12 | ICICI Prudential Large Cap Fund (erstwhile Bluechip Fund) | 22 | 76 | -2.6% | -0.5% | -5.8% | 9.5% | 10.6% | 13.2% | 0.23 | 16.2% | -37.3% |
| 13 | Groww Largecap Fund (formerly known as Indiabulls Blue Chip Fund) | 63 | 75 | -1.4% | 1.9% | -2.4% | 9.5% | 8.7% | 11.3% | 0.21 | 14.1% | -36.6% |
| 14 | Canara Robeco Large Cap Fund | 64 | 73 | -0.5% | 2.3% | -4.5% | 9.2% | 8.4% | 13.6% | 0.2 | 15.6% | -32.6% |
| 15 | Edelweiss Large Cap Fund | 75 | 72 | 0.4% | 1.6% | -2.1% | 9.2% | 9.4% | 12.9% | 0.2 | 15.0% | -35.1% |
The category returns: 1 month to 10 years𝕏 Share this statWhatsApp
Over the last 1 year, the category averaged -2.7% - the best, Taurus Large Cap Fund, returned 4.9% while the weakest managed -6.6%. That spread is why picking within the category matters. Over 10 years the average compounding rate is 12.0% a year, which turned ₹1 lakh into about ₹310,600.
| Period | Average | Median | Best fund | Weakest |
|---|---|---|---|---|
| 1 month | -4.3% | -4.5% | ITI Large Cap Fund (-0.9%) | -5.3% |
| 3 months | -0.4% | -0.6% | Taurus Large Cap Fund (7.0%) | -3.3% |
| 6 months | 2.6% | 1.9% | quant Large Cap Fund (9.6%) | -1.8% |
| 1 year | -2.7% | -3.5% | Taurus Large Cap Fund (4.9%) | -6.6% |
| 3 years (CAGR) | 9.1% | 9.2% | Invesco India Largecap Fund (12.8%) | 6.3% |
| 5 years (CAGR) | 8.7% | 8.6% | Nippon India Large Cap Fund (12.6%) | 5.3% |
| 10 years (CAGR) | 12.0% | 11.9% | Nippon India Large Cap Fund (13.9%) | 9.9% |
Averages across every qualifying fund, refreshed daily. Best-fund links open that fund's full review.
What ₹1 lakh became
The same returns, translated into money - at the average pace and at the best fund's pace:
| Held for | Average pace | ₹1 lakh → (average) | ₹1 lakh → (best fund) |
|---|---|---|---|
| 1 year | -2.7% a year | ₹97,300 | ₹104,900 |
| 3 years | 9.1% a year | ₹129,900 | ₹143,500 |
| 5 years | 8.7% a year | ₹151,800 | ₹181,000 |
| 10 years | 12.0% a year | ₹310,600 | ₹367,500 |
Pre-tax, from historical returns. The averages smooth over a very bumpy ride - see the worst-fall column in the ranking above for what the journey involved.
The category by the numbers
| Funds that qualify | 31 |
| Combined assets | ₹444,074 Cr |
| Average 3-year return | 9.1% a year (best 12.8%, weakest 6.3%) |
| Average 5-year return | 8.7% a year |
| Average worst-ever fall | -32.6% (deepest: -40.8%) |
| Average expense ratio (Direct) | 0.84% |
| Largest fund by assets | ICICI Prudential Large Cap Fund (erstwhile Bluechip Fund) (₹76,296 Cr) |
Put the risk number in rupees: at the average worst fall of -32.6%, ₹1 lakh temporarily becomes about ₹67,400. That is the stretch every ranked fund's investors had to sit through at some point - the ranking rewards the funds that made that wait worthwhile.
Momentum check: what is hot right now
As of 2026-09-16, 5 of the 31 funds here rate RS 90 or above (top-decile recent momentum versus peers). The strongest momentum belongs to Taurus Large Cap Fund (RS 99/99). Average return over the last 3 months: -0.4%; over 6 months: 2.6%. Momentum is a snapshot, not a ranking criterion here - but it tells you whether this corner of the market is currently in favour.
Before you pick a large cap fund: four checks
- Open the fund's page and look at the worst-fall figure in rupees - decide whether you could genuinely sit through it without selling.
- Check the rolling-return consistency, not just the trailing return: a fund that delivered in most windows beats one lucky streak.
- Compare its expense ratio against the category average shown above - a persistent 0.5% cost gap compounds into lakhs over decades.
- If you already own funds in this category, check the portfolio overlap section on the fund page - two funds owning the same stocks is one bet, not two.
Filter the entire Indian mutual fund universe by 40+ metrics - returns, consistency, drawdown, RS Rating, King Score, cost - then chart, compare and backtest anything you find.
How to read the table
RS (1-99) is recent momentum versus category peers - 99 is the hottest right now. King (0-100) is the long-term quality composite this list is ranked by. 3M/6M are recent returns; 3Y and 5Y CAGR are annualised longer records. Sharpe is return earned per unit of volatility - higher means smoother compounding. Roll 3Y is the median of every 3-year holding period in the fund's history, the fairest single return number a fund has. Worst fall is the deepest peak-to-bottom loss ever - the number that tests whether you would have stayed invested. Missing values show as n/a, usually because the fund is too young for that measurement.
The top 10, decoded𝕏 Share this statWhatsApp
- WhiteOak Capital Large Cap Fund (Large Cap Fund) - King Score 97/100, RS 88/99 right now. 3-year return 12.2% a year, against a worst-ever fall of 15.2% (₹1 lakh briefly ₹84,800). Median 3-year rolling return 17.7%, sharpe 0.4.
- BARODA BNP PARIBAS LARGE CAP Fund (Large Cap Fund) - King Score 90/100, RS 84/99 right now. 3-year return 10.5% a year, against a worst-ever fall of 18.2% (₹1 lakh briefly ₹81,800). Median 3-year rolling return 16.7%, sharpe 0.29.
- BANDHAN Large Cap Fund (Large Cap Fund) - King Score 85/100, RS 89/99 right now. 3-year return 11.7% a year, against a worst-ever fall of 35.1% (₹1 lakh briefly ₹64,900). 5-year pace 10.0% a year, median 3-year rolling return 13.6%, sharpe 0.37.
- Invesco India Largecap Fund (Large Cap Fund) - King Score 84/100, RS 94/99 right now. 3-year return 12.8% a year, against a worst-ever fall of 36.9% (₹1 lakh briefly ₹63,100). 5-year pace 11.0% a year, median 3-year rolling return 15.7%, sharpe 0.42.
- Taurus Large Cap Fund (Large Cap Fund) - King Score 82/100, RS 99/99 right now. 3-year return 11.5% a year, against a worst-ever fall of 35.1% (₹1 lakh briefly ₹64,900). 5-year pace 9.6% a year, median 3-year rolling return 12.0%, sharpe 0.34.
- quant Large Cap Fund (Large Cap Fund) - King Score 82/100, RS 96/99 right now. 3-year return 12.2% a year, against a worst-ever fall of 21.1% (₹1 lakh briefly ₹78,900). Median 3-year rolling return 16.4%, sharpe 0.36.
- JM Large Cap Fund (Direct) (Large Cap Fund) - King Score 82/100, RS 82/99 right now. 3-year return 9.6% a year, against a worst-ever fall of 19.8% (₹1 lakh briefly ₹80,200). 5-year pace 10.1% a year, median 3-year rolling return 14.3%, sharpe 0.2.
- Nippon India Large Cap Fund (Large Cap Fund) - King Score 78/100, RS 34/99 right now. 3-year return 9.9% a year, against a worst-ever fall of 40.0% (₹1 lakh briefly ₹60,000). 5-year pace 12.6% a year, median 3-year rolling return 16.8%, sharpe 0.24.
- Nippon India Large Cap Fund (Large Cap Fund) - King Score 78/100, RS 34/99 right now. 3-year return 9.9% a year, against a worst-ever fall of 40.0% (₹1 lakh briefly ₹60,000). 5-year pace 12.6% a year, median 3-year rolling return 16.8%, sharpe 0.24.
- ITI Large Cap Fund (Large Cap Fund) - King Score 77/100, RS 96/99 right now. 3-year return 10.1% a year, against a worst-ever fall of 20.8% (₹1 lakh briefly ₹79,200). 5-year pace 8.8% a year, median 3-year rolling return 15.8%, sharpe 0.22.
Frequently asked questions
Which is the best large cap fund right now?
On our data-driven ranking as of 2026-09-16, WhiteOak Capital Large Cap Fund scores highest (King Score 97/100). That is a description of its record versus peers, not a recommendation - rankings move as NAVs update, and the right fund depends on your goals and risk tolerance.
Are large cap funds risky?
The category's numbers answer this better than adjectives: the average fund here has seen a worst-ever fall of -32.6%, and the deepest fall in the category is -40.8%. If a temporary loss of that size would make you sell, this category (or its allocation size in your portfolio) deserves a rethink. Risk here is not hypothetical - it is a matter of record.
What returns have large cap funds given historically?
Across the 31 funds we track in this category, the average 3-year return is 9.1% a year, with the best at 12.8% and the weakest at 6.3%. Over 5 years the category average is 8.7% a year. These are records, not projections - the next three years owe nothing to the last three.
What is the average 1-year return of large cap funds right now?
As of 2026-09-16, the 31 qualifying funds averaged -2.7% over the last year (median -3.5%). The best, Taurus Large Cap Fund, returned 4.9%; the weakest returned -6.6%. One year is weather, not climate - check the 5 and 10 year columns before drawing conclusions.
Which large cap fund gave the highest return in the last 10 years?
Nippon India Large Cap Fund leads with 13.9% a year over 10 years - ₹1 lakh became about ₹367,500 pre-tax. The average across funds with a 10-year record is 12.0% a year. A decade-long record says a lot about the past and nothing certain about the next decade.
How is this list ranked?
Funds are ordered by King Score - a 0-100 composite of 3-year returns, rolling consistency, worst drawdown and Sharpe, each measured against category peers. The full formulas are public - see our methodology page. No fund pays to be here and rankings cannot be bought.
Should I invest in the #1 fund on this list?
We cannot tell you that - MF Terminal is descriptive research, not investment advice. A top rank says the past record was strong versus peers. Read the fund's full page, check the drawdowns you would have to sit through, and decide against your own horizon.
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All figures pre-tax, from AMFI NAV history. Rankings are descriptive and change with the data. Nothing here is investment advice or a recommendation to buy, sell or hold any fund. Past performance does not guarantee future returns.