Large-cap mutual funds are those that invest at least 80 per cent of the corpus in top 100 companies by market capitalisation. Best large cap funds are the top rated large cap funds giving good returns.
- These companies are generally the leaders in their field of businesses
- Provide stable returns & have better potential to withstand economic turmoil
- Suitable for less aggressive investors who want to create wealth without taking too much of risk or exposing their corpus to a lot of volatility
- Gains on equity funds are subject to taxation @ 15% for holding period less than 1 year and @ 10% for more than a year if gains are more than 1 lakh