'We have benefitted a lot from public sector stocks'

While most active large-cap funds struggle to outperform their benchmark, the Nippon India Large Cap Fund stands tall, consistently surpassing its index since the last four years (on a calendar-year basis). Explaining the reasons behind the fund's success, Sailesh Raj Bhan, CIO - Equity Investments at Nippon India Mutual Fund, attributed it to "avoiding excessive risks" and focusing on sectors that gave "meaningful returns and outperformed the benchmark".