Nippon India Large Cap Fund is an open-ended equity scheme that predominantly invests in large-cap stocks, aiming for long-term capital growth.
Fund Overview:
- Inception Date: August 8, 2007
- Fund Managers: Mr. Sailesh Raj Bhan (since June 2007) and Mr. Bhavik Dave (since August 2024)
- Assets Under Management (AUM): ₹34,211.60 crore as of February 28, 2025
- Expense Ratio: 1.58% for the Regular Plan as of March 4, 2025
- Minimum Investment: ₹5,000 for initial investment; ₹1,000 for additional investments
- Minimum SIP Investment: ₹100
- Exit Load: 1% if redeemed or switched out on or before completion of 7 days from the date of allotment; Nil thereafter
Fund Managers of Nippon India Large Cap Fund
As of the latest update, the fund managers of the Nippon India Large Cap Fund are:
Mr. Sailesh Raj Bhan
- Managing the fund since: June 2007
- Role: Deputy CIO – Equity Investments at Nippon India Mutual Fund
- Experience: Over 25 years in equity research and fund management
- Expertise: Known for stock-picking in large-cap and sectoral strategies
Mr. Bhavik Dave
- Co-managing the fund since: August 2024
- Experie nce: Extensive background in equity analysis and portfolio management
- Focus Areas: Active involvement in research-driven equity investments
These two professionals collaborate to manage the fund’s portfolio, with an emphasis on large-cap companies, aiming for steady long-term growth while balancing risk. Let me know if you want details about their other managed funds or past performance too!
Nippon India Large Cap Fund Share Price
As of April 9, 2025, the Net Asset Value (NAV) for the Nippon India Large Cap Fund is as follows:
- Regular Plan – Growth Option: ₹79.65
Investment Strategy:
- Investing in large-cap companies, which are among the top 100 by full market capitalization
- Targeting leaders or potential leaders with established business models and sustainable free cash flows.
- Seeking growth companies at reasonable valuations with high return on equity.
- Including emerging large-cap companies with proven management and potential for high cash flows.
Performance Overview:
- Consistent Outperformance: The fund has consistently outperformed its benchmark, the S&P BSE 100 TRI, over various time frames. For instance, over a 10-year period, it delivered a compounded annual return of 18.3%, placing it among the top performers in its category.
- Rolling Returns: On a five-year rolling return basis from September 2013 to September 2023, the fund averaged 13.5%, surpassing its benchmark and outperforming peers like Aditya Birla Sun Life Frontline Equity and HDFC Top 100.
Investor Considerations:
- Long-Term Suitability: The fund’s consistent track record and strategic portfolio management make it a viable option for investors aiming for long-term capital appreciation with exposure to large-cap equities.
- Risk Assessment: While offering potential for substantial returns, the fund’s moderate volatility necessitates that investors align their risk tolerance accordingly.
Conclusion:
Nippon India Large Cap Fund stands out for its consistent outperformance, strategic investment in large-cap equities, and experienced fund management. Prospective investors should ensure alignment with their investment objectives and risk appetite.
Nippon India Large Cap Fund Portfolio
As of April 9, 2025, the Nippon India Large Cap Fund maintains a diversified portfolio with a strong emphasis on large-cap equities. Here’s an overview of its current holdings and asset allocation:
Top 10 Stock Holdings
| Company Name | Sector | Portfolio Weight (%) |
| HDFC Bank Ltd. | Financials | 9.03% |
| Reliance Industries Ltd. | Energy | 6.36% |
| ICICI Bank Ltd. | Financials | 6.10% |
| Axis Bank Ltd. | Financials | 4.84% |
| Larsen & Toubro Ltd. | Construction | 3.91% |
| Bajaj Finance Ltd. | Financials | 3.71% |
| State Bank of India | Financials | 3.64% |
| Infosys Ltd. | Technology | 2.76% |
| NTPC Ltd. | Energy | 2.73% |
| Tata Consultancy Services Ltd. | Technology | 2.40% |
These top 10 holdings collectively constitute a significant portion of the fund’s assets, reflecting a strategic focus on the financial, energy, and technology sectors.
Sector Allocation
The fund’s investments are distributed across various sectors as follows:
- Private Banks: 21.08%
- IT Services & Consulting: 7.16%
- Oil & Gas – Refining & Marketing: 6.72%
- Power Generation: 5.69%
- Construction & Engineering: 5.68%
This sectoral distribution indicates a diversified approach, with a notable emphasis on the financial sector, particularly private banking institutions.
Asset Allocation
The fund’s assets are allocated as follows:
- Equity: 96.18%
- Cash & Equivalents: 3.10%
- Certificate of Deposit: 0.72%
This allocation underscores the fund’s primary focus on equity investments, aligning with its objective of capital appreciation through large-cap stocks.
Market Capitalization Breakdown
The equity portion of the fund is further categorized based on market capitalization:
- Giant Cap: 71.85%
- Large Cap: 18.07%
- Mid Cap: 9.84%
- Small Cap: 0.24%
This breakdown highlights the fund’s predominant investment in large and giant-cap companies, which are typically characterized by stability and established market presence.
Nippon India Large Cap Fund Returns
As of April 2025, the Nippon India Large Cap Fund has demonstrated strong performance across various timeframes. Below is a summary of its annualized returns for both the Direct-Growth and Regular-Growth plans:
Annualized Returns (%)
| Time Period | Direct-Growth Plan | Regular-Growth Plan | Category Average | Rank in Category |
| 1 Month | -2.55% | 0.97% | 0.01% | 7 / 154 |
| 3 Months | -11.74% | -6.83% | -7.78% | 63 / 150 |
| 6 Months | -12.01% | -9.32% | -12.18% | 38 / 149 |
| 1 Year | 5.57% | 8.43% | 4.31% | 10 / 143 |
| 3 Years | 19.20% | 17.98% | 12.08% | 2 / 120 |
| 5 Years | 23.56% | 27.48% | 23.03% | 3 / 95 |
SIP Returns
For investors utilizing a Systematic Investment Plan (SIP), the fund has also delivered commendable returns:
- 3-Year SIP Return: Approximately 20.57% annualized
- 5-Year SIP Return: Approximately 27.28% annualized
These figures highlight the fund’s consistent outperformance relative to its benchmarks and category averages, particularly over longer investment horizons.
Nippon India Large Cap Fund Dividend History
The Nippon India Large Cap Fund has a history of providing dividends to its investors. Here is a summary of the dividend payouts:
- March 14, 2024: A dividend of ₹2.50 per unit was declared.
- 3 March 2023: Investors received a dividend of ₹1.75 per unit.
- March 4, 2022: A dividend of ₹1.75 per unit was distributed.
- February 13, 2020: The fund declared a dividend of ₹0.0885 per unit.
- January 1, 2020: A dividend of ₹0.0885 per unit was issued.
- December 2, 2019: Investors received ₹0.0885 per unit as dividend.
- November 5, 2019: A dividend of ₹0.0885 per unit was declared.
- September 30, 2019: The fund distributed ₹0.0885 per unit as dividend.
- July 15, 2019: A dividend of ₹0.0885 per unit was provided.
- June 17, 2019: Investors received a dividend of ₹0.0885 per unit.
Please note that dividend distributions are subject to the fund’s performance and the discretion of the fund managers. For the most current information, it’s advisable to consult the official fund documentation or contact the fund house directly.
Nippon India Large Cap Fund Direct Growth
The Nippon India Large Cap Fund – Direct Growth is an open-ended equity mutual fund that primarily invests in large-cap companies. Launched on January 1, 2013, it aims to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments of large-cap companies.
Performance Overview
| Time Period | Fund Return (%) |
| 1 Year | 0.87 |
| 3 Years | 16.40 |
| 5 Years | 26.74 |
| 10 Years | 13.29 |
| Since Inception | 15.76 |
Strengths of Nippon India Large Cap Fund
1) Strong Long-Term Performance
- The fund has consistently delivered solid returns over the 3-year and 5-year horizons, often outperforming both category averages and its benchmark (BSE 100 TRI).
2) Experienced Fund Managers
- Managed by Sailesh Raj Bhan, a seasoned fund manager with over a decade of experience, along with Bhavik Dave, who brings solid research and equity market knowledge.
3) High Large Cap Exposure
- The fund predominantly invests in large-cap stocks, which tend to be more stable and less volatile compared to mid and small caps — great for conservative growth.
4) Low Expense Ratio (Direct Plan)
- The Direct-Growth Plan has a relatively low expense ratio (~0.71%), which helps maximize investor returns over time.
5) Diversified Portfolio
- Spans across sectors like Financials, Energy, Technology, and Auto, providing solid diversification and reducing concentration risk.
6) Strong SIP Returns
- Historically, the fund has offered compelling SIP returns, rewarding disciplined, long-term investors.
Risks of Nippon India Large Cap Fund
1) Market-Linked Volatility
- Like all equity funds, its performance is subject to market volatility, especially during economic downturns or global crises.
2) Sector Bias Risk
- At times, the fund has shown high sectoral exposure (e.g., Financials or Energy). If a particular sector underperforms, it can impact the fund’s overall performance.
3) Underperformance in Bear Markets
- In short-term or bear phases, the fund can underperform or show negative returns, as seen during market corrections.
4) Less Aggressive Growth Than Mid/Small Cap Funds
- While it’s more stable, a large-cap fund like this may offer less aggressive growth potential compared to mid-cap or small-cap funds during bullish markets.
5) Fund Manager Dependency
- A portion of the fund’s success is attributed to its fund management team. Any change in strategy or leadership could affect performance.
Conclusion
If you’re a moderate to long-term investor looking for steady growth with relatively lower volatility, Nippon India Large Cap Fund could be a solid choice. However, be prepared for short-term fluctuations and always align it with your risk appetite and investment goals.
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