New Delhi, Dec. 11 -- Nippon India Large Cap Fund on Thursday said its large-cap fund had crossed the Rs.50,000 crore mark in assets under management (AUM), joining the ranks of ICICI Prudential and SBI, whose large-cap funds have AUMs of more than Rs.50,000 crore despite the lower flows in equity mutual funds. Profit booking after the recent rally amid persisting uncertainties over an India-US tarde deal, concerns over valuations and relentless foreign capital outflow.

Large-cap mutual funds are often considered a relatively safer option for new and risk-averse investors, as they invest in blue-chip stocks. These companies have robust business models and are typically leaders in their respective sectors. Hence, large-cap funds tend to b...