Last updated 1 July 2026 · vs April 2026 · How the score is calculated
Large-cap mutual funds invest in the top 100 or so Indian companies by market capitalisation: Reliance, HDFC Bank, Infosys, TCS, and the rest of the Nifty 50. The category exists for the part of your portfolio that has to be steady. It will not beat a small-cap fund in a roaring bull market, and that is the point. A large-cap fund is the right fit for the core 50-60% of an equity portfolio for most retail investors. Compounded returns over a 10-year window typically track the Nifty 50 within 1-2 percentage points, after the expense ratio. The active managers in this category earn their keep through drawdown control, sitting out the worst 5% of the market's worst days, not through picking the next multi-bagger. A few rules of thumb for this table. Look at the 5-year returns column, not the 1-year. The 1-year column is a popularity contest, the 5-year column is the actual track record. Treat the score as a starting point. Two funds with a score within 5 points of each other are interchangeable for retail purposes. Expense ratio matters more here than in any other category: a 0.3% difference in TER compounds into a 4-5% corpus difference over 20 years. Direct plans are not optional in large-cap, they are the whole point.
Each Large Cap fund in the table is scored on a blend of five factors: 1-year, 3-year, and 5-year returns, the 3-year Sharpe ratio, and the 3-year maximum drawdown. The 5-year return carries the heaviest weight; the 1-year return carries the lightest, because a single year is mostly noise. Funds with less than three years of history are kept out of the 3Y / 5Y windows but are still listed if they have a 1-year track record.
The underlying NAV data is sourced nightly from the AMFI daily NAV file and the AMC factsheets. The score is re-run every month after the latest upload. Two funds with a score within 5 points of each other are essentially interchangeable for retail purposes; pick from the top 3-5 names in the list, not just the top 1. The full formula, weights, and edge cases are in the rankings methodology post.
| Rank | Scheme | Score |
|---|---|---|
1 | quant Large Cap Fund - Growth Option - Regular Plan quant Mutual Fund · Regular | 75.2 |
2↑1 | Invesco India Largecap Fund - Growth Invesco Mutual Fund · Regular | 73.5 |
3↑1 | BANK OF INDIA Bluechip Fund Regular Plan Growth Bank of India Mutual Fund · Regular | 73.2 |
4↑1 | BANDHAN Large Cap Fund - Regular Plan - Growth Bandhan Mutual Fund · Regular | 59.8 |
5↓3 | Nippon India Large Cap Fund- Growth Plan Bonus Option Nippon India Mutual Fund · Regular | 59.1 |
Rankings based on data up to 1 July 2026. Direct plans and regular plans are scored separately; this table shows the regular plan of each fund. For educational purposes only, not investment advice. Mutual fund investments are subject to market risks. Read the full disclaimer.
The funds on this list all hold the same 40-60 large-cap names; the alpha comes from how aggressively they tilt toward financials, IT or consumer staples, and how much cash they hold in drawdowns. Look at the 3-year maximum drawdown column to see which managers actually protect capital when the index falls 15%.
FinvestR Research Desk
Research team, FinvestR
The FinvestR research desk produces the monthly fund rankings and the underlying scoring engine. The team includes AMFI-registered distributors (ARN-142502) and NISM-Series-V-A certified research analysts. Plain English, no product pitches, full methodology on every page.
AMFI-registered Mutual Fund Distributor · ARN-142502 · NISM-Series-V-A: Mutual Fund Distributors
Last updated 1 July 2026. The full ranking methodology and the data sources are published in the July 2026 rankings post. Past performance does not indicate future results.
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. FinvestR Capital is registered with AMFI as a Mutual Fund Distributor (ARN-142502). The rankings on this page are research output and not personalised investment advice. Consult a SEBI- registered investment advisor for advice tailored to your situation.