Large Cap Mutual Funds
A Large Cap mutual fund is an equity scheme that SEBI requires to invest at least 80% of its assets in India's top 100 listed companies by full market capitalisation. These funds are generally associated with comparatively lower price volatility than mid cap or small cap funds, but they remain market-linked equity investments whose returns are not guaranteed or assured.
What are Large Cap Mutual Funds?
SEBI's mutual fund categorisation framework classifies every listed company as large cap, mid cap, or small cap based on its full market capitalisation, using a list AMFI compiles and updates twice a year. A Large Cap Fund is an equity scheme that must invest at least 80% of its total assets in companies from this large-cap list — broadly, the 100 largest listed companies in India by market value at the time the list was last updated.
How the category works
A fund's manager selects which companies to hold from within the SEBI/AMFI large-cap list, and in what proportion, within the scheme's stated objective and the 80% minimum-allocation rule. The remaining assets (up to 20%) may be held in other categories or in cash, at the fund's own discretion within its mandate. This category describes where a fund is required to invest — it says nothing about which specific companies or sectors it should prefer, or how it will perform.
Risk characteristics
Large cap companies are typically more established, more widely tracked, and more liquid than mid cap or small cap companies, which is generally associated with comparatively lower price volatility. This does not make a Large Cap fund risk-free: its value still moves with the equity market, it can decline as well as rise, and past performance — of the fund, or of large cap stocks generally — is not a guarantee of future results.
What to understand before considering this category
- The "large cap" label describes where a fund invests, not how it will perform — it is not a suitability judgement for any individual investor.
- Expense ratio, exit load, and taxation apply to a Large Cap fund exactly as they would to any other equity scheme.
- AMFI's large/mid/small-cap list is revised twice a year; a company's classification — and therefore which funds can hold it under this rule — can change over time.
- Actual holdings and their proportions can differ meaningfully between two schemes that share the same "Large Cap Fund" category label.
- Review the Scheme Information Document and the current riskometer before considering any investment.
Data source and methodology
The category shown on this page is each fund's own AMFI-declared scheme category, read directly from AMFI's daily NAV data file — not a classification MutualFundAdvisor.in assigns or infers. The fund list below reflects that same feed and refreshes periodically rather than on every visit, so treat the date shown with the data as when it was last refreshed, not necessarily today.
Frequently asked questions
What is a Large Cap mutual fund?
An equity mutual fund scheme that SEBI requires to invest at least 80% of its assets in companies from AMFI's list of the 100 largest listed companies by full market capitalisation.
Are Large Cap funds safer than Mid Cap or Small Cap funds?
Large cap companies are generally associated with comparatively lower price volatility than mid cap or small cap companies, but a Large Cap fund is still a market-linked equity investment — it can lose value, and "less volatile" does not mean "risk-free" or "guaranteed".
How much of a Large Cap fund's money must actually be in large-cap companies?
SEBI's categorisation rules require a minimum of 80% of the scheme's total assets to be invested in large-cap companies, as defined by AMFI's twice-yearly classification list.
Who decides which companies count as "large cap"?
AMFI, not the individual fund house, compiles and publishes the large/mid/small-cap classification list twice a year based on full market capitalisation; every fund's category is defined against that shared list.
Do Large Cap funds guarantee returns?
No. Like every mutual fund category, a Large Cap fund's returns are market-linked and not guaranteed or assured — its value can fall as well as rise.
Relevant calculators
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Large Cap fund listing
158 schemes found · NAV as on 06-Oct-2026Sourced directly from AMFI's daily NAV data, filtered to schemes whose own AMFI-declared category is Large Cap. Listed alphabetically by scheme name — this is not a ranking, and inclusion here is not a recommendation.
Showing 60 of 158 Large Cap schemes. Browse the full, searchable list on the Funds page.
Need help understanding whether Large Cap funds fit your goals?
We can walk through how large-cap funds compare with mid-cap and small-cap categories, and where they might fit in your allocation, before you decide.
For illustration only. Not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Returns assumed are hypothetical and not guaranteed.