Best Large Cap Funds to Invest in India in October 2026
What are large cap funds?
A large cap fund is an equity mutual fund that invests mainly in large cap companies. SEBI defines large cap companies as the 100 largest in India by full market capitalisation, and requires a large cap fund to keep at least 80% of its assets in them.
Large cap companies are usually well established, with long track records and large revenues, and their shares tend to fall less in a downturn than those of smaller companies. They can still fall sharply, and they usually grow more slowly than smaller companies.
- Total funds
- 36
- Category fund size
- ₹4.14 lakh crore
- Average 1-year return
- −2.71%
- Average 3-year return
- 9.26%
Direct plans, as of 30 September 2026
Top large cap funds to invest in India in October 2026
These are 10 large cap funds for this month, shown in no particular order. Their ranks are available only in the Blacklitt app: tap a fund to see its rank.
| Fund | 1Y return | 3Y return | Expense ratio | Fund size |
|---|---|---|---|---|
 Canara Robeco Large Cap FundRank: App exclusive | −4.96% | 9.15% | 0.45% | ₹17,092 Cr |
 Baroda BNP Paribas Large Cap FundRank: App exclusive | −1.32% | 10.35% | 0.69% | ₹2,641 Cr |
 Invesco India Largecap FundRank: App exclusive | 1.44% | 12.94% | 0.66% | ₹2,021 Cr |
 Quant Large Cap FundRank: App exclusive | 4.89% | 12.78% | 0.45% | ₹3,651 Cr |
 Bandhan Large Cap FundRank: App exclusive | −0.75% | 11.79% | 0.76% | ₹2,180 Cr |
 Edelweiss Large Cap FundRank: App exclusive | −2.36% | 9.20% | 0.59% | ₹1,434 Cr |
 Taurus Large Cap FundRank: App exclusive | 7.52% | 12.58% | 1.88% | ₹60 Cr |
 ICICI Prudential Large Cap FundRank: App exclusive | −6.17% | 9.53% | 0.71% | ₹80,206 Cr |
 Nippon India Large Cap FundRank: App exclusive | −5.61% | 9.78% | 0.57% | ₹54,134 Cr |
 Kotak Large Cap FundRank: App exclusive | −4.40% | 9.15% | 0.57% | ₹10,937 Cr |
Large cap funds returns calculator
See what an investment in one of these funds would have grown to. Choose a fund, a monthly SIP or a one-time lumpsum, an amount and a period.
Between ₹500 and ₹1,00,000.
- Invested
- Worth
- Total investment
- ₹6,00,000
- Profit
- ₹1,21,607
- Current value
- ₹7,21,607
This fund has generated an XIRR of 7.31% over the past 5 years.
See this fund in the appYear-by-year numbers
| Year | Invested | Worth |
|---|---|---|
| 1 | ₹1,20,000 | ₹1,20,593 |
| 2 | ₹2,40,000 | ₹2,72,340 |
| 3 | ₹3,60,000 | ₹5,26,634 |
| 4 | ₹4,80,000 | ₹6,38,987 |
| 5 | ₹6,00,000 | ₹7,21,607 |
Details of the funds on this list
Let's take a closer look at these funds.
Canara Robeco Large Cap Fund
- Fund Performance
- The Canara Robeco Large Cap Fund has given 9.15% annualised returns in the past three years and 8.22% in the last five years. In the past year it has returned −4.96%.
- Minimum Investment Amount
- The minimum amount required to invest in Canara Robeco Large Cap Fund via lump sum is ₹100 and via SIP is ₹100.
- Expense Ratio and Fund Size
- The direct plan of Canara Robeco Large Cap Fund charges an expense ratio of 0.45% a year, and the fund's size is ₹17,092 Cr.
Baroda BNP Paribas Large Cap Fund
- Fund Performance
- The Baroda BNP Paribas Large Cap Fund has given 10.35% annualised returns in the past three years and 9.72% in the last five years. In the past year it has returned −1.32%.
- Minimum Investment Amount
- The minimum amount required to invest in Baroda BNP Paribas Large Cap Fund via lump sum is ₹5,000 and via SIP is ₹500.
- Expense Ratio and Fund Size
- The direct plan of Baroda BNP Paribas Large Cap Fund charges an expense ratio of 0.69% a year, and the fund's size is ₹2,641 Cr.
Invesco India Largecap Fund
- Fund Performance
- The Invesco India Largecap Fund has given 12.94% annualised returns in the past three years and 10.61% in the last five years. In the past year it has returned 1.44%.
- Minimum Investment Amount
- The minimum amount required to invest in Invesco India Largecap Fund via lump sum is ₹1,000 and via SIP is ₹100.
- Expense Ratio and Fund Size
- The direct plan of Invesco India Largecap Fund charges an expense ratio of 0.66% a year, and the fund's size is ₹2,021 Cr.
Quant Large Cap Fund
- Fund Performance
- The Quant Large Cap Fund has given 12.78% annualised returns in the past three years. In the past year it has returned 4.89%.
- Minimum Investment Amount
- The minimum amount required to invest in Quant Large Cap Fund via lump sum is ₹5,000 and via SIP is ₹1,000.
- Expense Ratio and Fund Size
- The direct plan of Quant Large Cap Fund charges an expense ratio of 0.45% a year, and the fund's size is ₹3,651 Cr.
Bandhan Large Cap Fund
- Fund Performance
- The Bandhan Large Cap Fund has given 11.79% annualised returns in the past three years and 9.79% in the last five years. In the past year it has returned −0.75%.
- Minimum Investment Amount
- The minimum amount required to invest in Bandhan Large Cap Fund via lump sum is ₹1,000 and via SIP is ₹100.
- Expense Ratio and Fund Size
- The direct plan of Bandhan Large Cap Fund charges an expense ratio of 0.76% a year, and the fund's size is ₹2,180 Cr.
Edelweiss Large Cap Fund
- Fund Performance
- The Edelweiss Large Cap Fund has given 9.20% annualised returns in the past three years and 9.34% in the last five years. In the past year it has returned −2.36%.
- Minimum Investment Amount
- The minimum amount required to invest in Edelweiss Large Cap Fund via lump sum is ₹100 and via SIP is ₹100.
- Expense Ratio and Fund Size
- The direct plan of Edelweiss Large Cap Fund charges an expense ratio of 0.59% a year, and the fund's size is ₹1,434 Cr.
Taurus Large Cap Fund
- Fund Performance
- The Taurus Large Cap Fund has given 12.58% annualised returns in the past three years and 10.06% in the last five years. In the past year it has returned 7.52%.
- Minimum Investment Amount
- The minimum amount required to invest in Taurus Large Cap Fund via lump sum is ₹500 and via SIP is ₹1,000.
- Expense Ratio and Fund Size
- The direct plan of Taurus Large Cap Fund charges an expense ratio of 1.88% a year, and the fund's size is ₹60 Cr.
ICICI Prudential Large Cap Fund
- Fund Performance
- The ICICI Prudential Large Cap Fund has given 9.53% annualised returns in the past three years and 10.21% in the last five years. In the past year it has returned −6.17%.
- Minimum Investment Amount
- The minimum amount required to invest in ICICI Prudential Large Cap Fund via lump sum is ₹100 and via SIP is ₹100.
- Expense Ratio and Fund Size
- The direct plan of ICICI Prudential Large Cap Fund charges an expense ratio of 0.71% a year, and the fund's size is ₹80,206 Cr.
Nippon India Large Cap Fund
- Fund Performance
- The Nippon India Large Cap Fund has given 9.78% annualised returns in the past three years and 12.01% in the last five years. In the past year it has returned −5.61%.
- Minimum Investment Amount
- The minimum amount required to invest in Nippon India Large Cap Fund via lump sum is ₹100 and via SIP is ₹100.
- Expense Ratio and Fund Size
- The direct plan of Nippon India Large Cap Fund charges an expense ratio of 0.57% a year, and the fund's size is ₹54,134 Cr.
Kotak Large Cap Fund
- Fund Performance
- The Kotak Large Cap Fund has given 9.15% annualised returns in the past three years and 8.41% in the last five years. In the past year it has returned −4.40%.
- Minimum Investment Amount
- The minimum amount required to invest in Kotak Large Cap Fund via lump sum is ₹100 and via SIP is ₹100.
- Expense Ratio and Fund Size
- The direct plan of Kotak Large Cap Fund charges an expense ratio of 0.57% a year, and the fund's size is ₹10,937 Cr.
How do large cap funds work?
A mutual fund pools money from many investors and a fund manager invests it. In a large cap fund, the manager buys shares of large companies, so the fund's value follows how those shares perform.
You buy units of the fund at its net asset value (NAV), the price of one unit, which is worked out at the end of each trading day. When the shares in the portfolio rise, the NAV rises, and when they fall, the NAV falls.
Returns come from growth in the share prices of the companies the fund holds, and from dividends they pay. Large companies are generally easier to buy and sell than small ones, so the fund can usually trade its holdings without moving prices much.
Every fund has an expense ratio, a yearly fee charged as a percentage of its assets. A direct plan has a lower expense ratio than the regular plan of the same fund, because it does not pay a distributor. Many funds also charge an exit load if you sell within a set period, often a year, so check the scheme document before you invest.
Who should invest in large cap funds?
Whether a large cap fund fits you depends on how its benefits and its risks sit with your goals, your time horizon and your comfort with falls.
Benefits of large cap funds
- Exposure to India's largest and most established listed companies.
- Usually less volatile than mid cap and small cap funds, though still an equity fund.
- Shares that are generally easier to buy and sell than those of smaller companies.
- A professional fund manager picks and monitors the stocks, and you can start with a small amount through a SIP or a lumpsum.
Risks of large cap funds
- Equity risk: a large cap fund can fall sharply when the market falls, and recovery can take time.
- Growth is usually slower than from smaller companies, so returns can be lower when smaller companies do well.
- Funds in this category hold many of the same large companies, so the difference between them can be small. Costs and the manager's choices are what separate them.
- Returns are not guaranteed, and a fund that did well in the past may not do so again.
In short, large cap funds trade some growth potential for relative steadiness. That suits investors who want equity exposure with fewer swings than smaller companies bring, and who can still stay invested through falls.
Who large cap funds may suit
- Investors with a time horizon of five years or more, because even large companies can stay down for a while.
- Investors starting with equity who want a core holding in established companies.
- Investors who can handle some swings in value without selling in a fall.
Who should be careful
- Investors who need the money within a few years, because a fall close to the time they need it may not have time to recover.
- Investors who expect steady, guaranteed returns. A large cap fund is an equity fund and can lose money.
- Investors who want the highest growth potential and are comfortable with bigger swings may look at mid cap or small cap funds instead.
Taxation on large cap funds
A large cap fund is an equity-oriented fund, because it keeps at least 65% of its assets in listed Indian shares. Your gains are taxed as capital gains, depending on how long you hold the units.
- Short-term capital gains (STCG): if you sell within 12 months, the gain is taxed at 20%.
- Long-term capital gains (LTCG): if you sell after more than 12 months, gains up to ₹1.25 lakh in a financial year are tax-free. Gains above that are taxed at 12.5%.
The ₹1.25 lakh limit applies to all your equity fund and share sales in the year together, not to each fund. Each SIP instalment has its own purchase date, so when you sell, the older instalments are treated as sold first.
Tax rules can change, so check the current rules or ask a tax adviser before you sell.
Frequently asked questions
Are large cap funds a good investment?
Large cap funds can suit investors who want equity exposure in established companies and can stay invested for five years or more. They still carry equity risk, so whether one is right for you depends on your goals, how long you can stay invested and how you would react to a fall.
What are large cap companies?
SEBI defines large cap companies as the 100 largest in India by full market capitalisation. AMFI publishes the list of companies in each category from time to time, so the companies in the category can change.
Are large cap funds risky?
They are generally less volatile than mid cap and small cap funds, but they are still equity funds. They can fall sharply in a downturn and may take time to recover.
How long should I stay invested in a large cap fund?
Large cap funds are generally considered for a horizon of five years or more. A longer period gives the fund more time to recover from falls.
Is a SIP or a lumpsum better for large cap funds?
A SIP spreads your purchases across many months, so you do not put everything in at one price. This can smooth out the effect of a volatile market. A lumpsum invests everything at once. Neither is always better, and the returns calculator above lets you compare how each would have turned out for a fund in the past.
How do large cap funds differ from mid cap and small cap funds?
A large cap fund must keep at least 80% of its assets in the 100 largest companies. Mid cap funds invest in companies ranked 101st to 250th and small cap funds in those ranked 251st and below. The smaller the companies, the more their shares usually swing.
How are large cap funds taxed?
They are taxed as equity funds: 20% on gains from units sold within 12 months, and 12.5% on gains above ₹1.25 lakh in a financial year from units sold after 12 months.
Which is the best large cap fund?
There is no single best fund for everyone. The list above shows 10 large cap funds in no particular order. To see their ranks, open the Blacklitt app.
Disclaimer
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
The funds on this page are shown for information and education, with figures as of 30 September 2026. Past performance does not indicate future returns. This is not personalised investment advice or a recommendation to buy or sell any fund, so check that a fund suits your own goals, time horizon and risk appetite, or speak to an adviser, before you invest.
Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
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