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Summary: Large-cap funds are known for stability rather than fireworks. They may not always deliver outsized gains, but the best-performing ones have still turned five-year SIPs into meaningful wealth. Here are six such funds that stood out.
If you want stability in your equity portfolio, large-cap funds are often the go-to choice. These funds invest at least 80 per cent of their assets in the top 100 companies by market capitalisation, of which many are leaders in their industries with proven track records.
Since they focus on India’s biggest listed firms, large-cap funds tend to be less volatile than mid- or small-cap funds, making them a suitable choice for first-time investors or for those seeking lower risk in their portfolio.
That said, large-cap funds won’t always shoot the lights out. Due to their limited investment universe, these funds have struggled to outperform their benchmark, the Nifty 100 TRI consistently.
But not all have disappointed. A handful of actively managed large-cap funds have managed to deliver impressively. Had you invested in any of these funds through SIPs (systematic investment plans) over the past five years, they would have rewarded your discipline handsomely.
Let’s look at how much wealth a Rs 10,000 monthly SIP done over a five-year period in these funds would have created for you today.
#6 HDFC Large Cap Fund (Direct plan)
- Five-year SIP return: 16.40 per cent
- Value of a Rs 10,000 monthly SIP started five years back: Rs 9.03 lakh
- Assets under management (AUM): Rs 37,659 crore
- Expense ratio: 0.99 per cent
Top 5 stock holdings
| Company name | % of assets |
|---|---|
| HDFC Bank | 9.67 |
| ICICI Bank | 9.66 |
| Bharti Airtel | 5.98 |
| Reliance Industries | 4.85 |
| Kotak Bank | 3.82 |
#5 Bandhan Large Cap Fund (Direct plan)
- Five-year SIP return: 16.45 per cent
- Value of a Rs 10,000 monthly SIP started five years back: Rs 9.04 lakh
- Assets under management (AUM): Rs 1,893 crore
- Expense ratio: 0.87 per cent
Top 5 stock holdings
| Company name | % of assets |
|---|---|
| HDFC Bank | 9.31 |
| ICICI Bank | 7.90 |
| Reliance Industries | 7.24 |
| Infosys | 3.85 |
| Axis Bank | 3.46 |
#4 DSP Large Cap Fund (Direct plan)
- Five-year SIP return: 16.89 per cent
- Value of a Rs 10,000 monthly SIP started five years back: Rs 9.14 lakh
- Assets under management (AUM): Rs 6,398 crore
- Expense ratio: 0.88 per cent
Top 5 stock holdings
| Company name | % of assets |
|---|---|
| HDFC Bank | 8.96 |
| ICICI Bank | 7.70 |
| Mahindra & Mahindra | 5.52 |
| ITC | 5.20 |
| Cipla | 5.05 |
#3 Invesco India Largecap Fund (Direct plan)
- Five-year SIP return: 17.72 per cent
- Value of a Rs 10,000 monthly SIP started five years back: Rs 9.33 lakh
- Assets under management (AUM): Rs 1,555 crore
- Expense ratio: 0.71 per cent
Top 5 stock holdings
| Company name | % of assets |
|---|---|
| HDFC Bank | 7.95 |
| ICICI Bank | 6.46 |
| Infosys | 5.55 |
| Bharti Airtel | 3.89 |
| Bajaj Finance | 3.79 |
#2 ICICI Prudential Large Cap Fund (Direct plan)
- Five-year SIP return: 18.01 per cent
- Value of a Rs 10,000 monthly SIP started five years back: Rs 9.40 lakh
- Assets under management (AUM): Rs 71,840 crore
- Expense ratio: 0.86 per cent
Top 5 stock holdings
| Company name | % of assets |
|---|---|
| HDFC Bank | 9.63 |
| ICICI Bank | 8.52 |
| Reliance Industries | 6.55 |
| Larsen & Toubro | 6.27 |
| Maruti Suzuki | 4.50 |
#1 Nippon India Large Cap Fund (Direct plan)
- Five-year SIP return: 20.52 per cent
- Value of a Rs 10,000 monthly SIP started five years back: Rs 9.98 lakh
- Assets under management (AUM): Rs 45,012 crore
- Expense ratio: 0.69 per cent
Top 5 stock holdings
| Company name | % of assets |
|---|---|
| HDFC Bank | 8.26 |
| Reliance Industries | 6.19 |
| ICICI Bank | 5.12 |
| Axis Bank | 4.18 |
| SBI | 4.06 |
The 6 best-performing large-cap funds
Based on five-year SIP returns
| Fund name | Five-year SIP returns (%) | Value Research Rating |
|---|---|---|
| Nippon India Large Cap | 20.52 | 5 stars |
| ICICI Prudential Large Cap | 18.01 | 5 stars |
| Invesco India Largecap | 17.72 | 4 stars |
| DSP Large Cap | 16.89 | 5 stars |
| Bandhan Large Cap | 16.45 | 4 stars |
| HDFC Large Cap | 16.40 | 5 stars |
| Returns are for direct plans of actively-managed funds | ||
Want to start a Rs 10,000 SIP in large-cap funds?
Subscribe to Value Research Fund Advisor and find out if any of the large-cap funds mentioned here have made it to our recommended list and whether they align with your financial goals.
With Fund Advisor, you can also get investment advice tailored to your needs and risk appetite, in-depth portfolio analysis and buy or sell funds directly through the platform.
Also read: 6 large-cap funds turned ₹10K monthly SIP to ₹27L+ in 10 yrs
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