3 Largecap Mutual Funds That CRISIL Has Given “No 1” Ratings

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oi-Sunil Fernandes

Updated: Thursday, June 15, 2023, 7:58 [IST]

Please be informed that we are just highlighting CRISIL ratings and have no recommendation on these mutual fund schemes. Ratings agency CRISIL has accorded the highest ratings to three largecap mutual fund schemes – these include Nippon India Largecap Fund, HDFC Top 100 and ICICI Prudential Bluechip Fund.

Nippon India Largecap Fund – Growth

This fund like some other peers has been accorded the highest ratings of “No 1” by credit rating agency CRISIL. Under the growth plan of the scheme, the net asset value is currently Rs 60. This is not a fund that is small, but, has a decent assets under management in excess of Rs 14,000 crores. With a mandate of investing in largecap stocks, Nippon India Largecap Fund has invested in shares of Reliance Industries, ICICI Bank, HDFC, HDFC Bank etc. In fact, largecap funds now account for almost 71% of the portfolio of the fund. There returns by investing in SIPs from the fund is around 21% in the last 3-years on an annualized basis.

HDFC Top 100 Fund – Growth

Like Nippon India Largecap Fund, Growth, this fund has also been accorded a very high ratings of “No 1” by Crisil. HDFC Top 100 Fund has assets under management to the tune of nearly Rs 28,000 crores which is rather large. Again, most of the corpus of the fund is invested in largecap stocks like ICICI Bank, HDFC Bank, Reliance Industries and ITC. While the equity holdings is 93%, the investments in largecap stocks is around the 74% mark. SIP investments in the last 5-years have generated an annualized returns of around 15%. The fund has performed reasonably well over the years.

ICICI Prudential Bluechip Fund – Growth

The net asset value of ICICI Prudential Bluechip Fund – Growth currently stands at Rs 73. Like some of its peers mentioned above, the fund has got a good track record over the last many years. ICICI Prudential Bluechip Fund – Growth has generated annualized returns of 25% over the last 3-years. This is one of the largest of the 3-funds that we have mentioned with assets under management of nearly Rs 37,000 crores. ICICI Prudential Bluechip Fund – Growth has invested in stocks like ICICI Bank, Reliance Industries, Larsen and Toubro, HDFC and Infosys.


Please be informed that investing in mutual funds is risky. The above are not recommendations from our end and we do not do analysis. The article is for information only. Please consult a professional advisor as investing in mutual funds is risky.

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