EquityLarge Cap FundRegularGrowthVery High

Nippon India Large Cap Fund

Q: What is the NAV of Nippon India Large Cap Fund?

As of 01 Oct 2026, the NAV of Nippon India Large Cap Fund is ₹84.26 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Nippon India Large Cap Fund delivered?

Nippon India Large Cap Fund has returned -7.75% over 1 year, +8.56% per year over 3 years, +11.00% per year over 5 years and +11.92% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Nippon India Large Cap Fund?

Nippon India Large Cap Fund charges an expense ratio of 1.63% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Nippon India Large Cap Fund?

Nippon India Large Cap Fund's largest holdings are HDFC Bank Limited (8.7%), ICICI Bank Limited (6.7%), Axis Bank Limited (5.3%), Reliance Industries Limited (4.1%) and Larsen & Toubro Limited (3.7%). Holdings are disclosed monthly and change over time.

Q: How risky is Nippon India Large Cap Fund?

Nippon India Large Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 13.6% and its worst peak-to-trough fall in our sample was -56.9%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.15 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Nippon India Large Cap Fund's 0.15 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Nippon India Large Cap Fund?

Nippon India Large Cap Fund is benchmarked against the BSE 100 TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages Nippon India Large Cap Fund?

Nippon India Large Cap Fund is managed by Sailesh Raj Bhan and Bhavik Dave at Nippon India.

Q: How is Nippon India Large Cap Fund taxed?

Nippon India Large Cap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Nippon India Mutual Fund · Best Large Cap Mutual Funds

NAV

₹84.26

-0.76% 1D

as of 01 Oct 2026

This is the Regular plan of Nippon India Large Cap Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

-7.04%CAGR

52-week rangePrev NAV ₹84.90

Latest ₹84.26

Low ₹81.5121st percentile of its 52-week rangeHigh ₹94.77

Scorecard

★★★★★5/5 vs 32 of 34 Large Cap Fund peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Large Cap Fund (same plan and option). 32 of the 34 Large Cap Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceStrong

3Y CAGR +8.56% · ranks 9 of 30 Large Cap Funds

RiskModerate

Volatility 13.6% vs 13.4% category avg

CostLow

1.6% expense vs 2.2% category avg

ConsistencyHigh

96% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

3-year return (+8.56%) beats the Large Cap Fund average (+7.73%)
5-year return (+11.00%) beats the Large Cap Fund average (+6.92%)
Stronger risk-adjusted returns — Sharpe 0.15 vs 0.09 Large Cap Fund average
Low expense ratio (1.63%) vs the Large Cap Fund average of 2.23%
Consistent — positive in 96% of rolling 3-year windows

Concerns

Trails the Large Cap Fund average on 3M/6M/1Y — 1Y by 2.60pp
Ranks #27 of 33 on 1-year return in its Large Cap Fund cohort

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.63%

Category 2.23%▼0.60%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

20.47

Category —

Excess return per unit of total volatility (rf = 6.5%)

0.15

Category 0.09▲0.06

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

1% if redeemed or switched out on or before completion of 7 days from the date of allotment of units.Nil, thereafter.

1.00%

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹100

BSE 100 TRI

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

09 Aug 2007

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-5.99%

Absolute return over the last 3 months (not annualized)

-6.13%

Absolute return over the last 6 months (not annualized)

+1.74%

Absolute return since 1 Jan of this year (not annualized)

-10.44%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-7.75%

3-year annualized return (CAGR)

+8.56%

5-year annualized return (CAGR)

+11.00%

10-year annualized return (CAGR)

+12.68%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+11.92%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

13.62%

Excess return per unit of total volatility (rf = 6.5%)

0.15

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.20

Largest peak-to-trough decline over full history

-56.89%

Benchmark ratios (vs Nifty 100 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 100 TRI

0.85%

Sensitivity to Nifty 100 TRI moves; 1 = moves with the index

0.95

How much of the fund's movement Nifty 100 TRI explains

97.2%

Excess return per unit of beta (market risk)

2.48

Active return over the benchmark per unit of tracking error

0.34

Annualized std dev of fund-minus-benchmark returns

2.53%

Fund's share of benchmark gains in up months (100 = matches index)

99.2%

Fund's share of benchmark losses in down months (lower is better)

93.8%

Computed vs the Nifty 100 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Large Cap Fund)

Period	Fund	Category avg.	Diff
1M abs	-5.99%	-5.82%	-0.17%
3M abs	-6.13%	-4.47%	-1.66%
6M abs	+1.74%	+3.62%	-1.88%
1Y CAGR	-7.75%	-5.15%	-2.60%
3Y CAGR	+8.56%	+7.73%	+0.83%
5Y CAGR	+11.00%	+6.92%	+4.08%

Category average across peers in Large Cap Fund (up to 34 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 34 peers in Large Cap Fund

1Y return

-7.75%

Beats 18.8% · rank #27

3Y return

+8.56%

Beats 72.4% · rank #9

5Y return🏆

+11.00%

Beats 100% · rank #1

Sharpe

0.15

Beats 69% · rank #10

Sortino

0.20

Beats 69% · rank #10

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.33L

Absolute

+22.10%

XIRR

+8.17%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Nippon India Large Cap Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 100 TRI	Diff
2026part	-10.44%	-10.54%	+0.10%
2025	+9.15%	+10.40%	-1.25%
2024	+18.24%	+13.11%	+5.13%
2023	+32.15%	+21.72%	+10.43%
2022	+11.33%	+5.03%	+6.30%
2021	+32.37%	+26.41%	+5.96%
2020	+4.91%	+16.49%	-11.58%
2019	+7.25%	+11.77%	-4.52%
2018	-0.20%	+2.35%	-2.55%
2017	+38.42%	+32.57%	+5.85%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

4,711

Expense ratio

1.63%

AUM

₹51,621Cr

Portfolio turnover

38%

Exit load

1% if redeemed or switched out on or before completion of 7 days from the date of allotment of units.Nil, thereafter.

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

20.5

P/B ratio

4.5

Avg market cap

₹4,69,162Cr

P/E & P/B are portfolio-weighted harmonic means across 55 of 66 equity holdings (91% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Large Cap Fund

Compare all


Nippon India Large Cap FundThis fund Nippon India · Regular · Growth	★★★★★	-7.75%	+8.56%	+11.00%	—	1.63%	₹51,621Cr
Taurus Large Cap Fund Taurus · Regular · Growth	★★☆☆☆	+5.85%	+12.18%	+9.92%	—	2.73%	₹49.42Cr
Invesco India Large Cap Fund Invesco · Regular · Growth	★★★☆☆	-1.33%	+11.10%	+8.99%	—	2.18%	—
quant Large Cap Fund quant · Regular · Growth	★★★☆☆	+1.87%	+10.85%	—	—	2.87%	₹3,172Cr
Bandhan Large Cap Fund Bandhan · Regular · Growth	★★★☆☆	-3.57%	+10.17%	+8.41%	—	2.21%	₹2,004Cr
WhiteOak Capital Large Cap Fund WhiteOak Capital · Regular · Growth	★★★★★	-4.91%	+10.05%	—	—	2.48%	₹1,167Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap82.1%
Mid cap13.9%
Small cap3.9%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity99.68%
Cash & Equivalents0.32%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Canara Robeco Large Cap Fund Canara Robeco · Large Cap Fund	63.8%!	★★★★☆	0.63%	+8.81%
Nippon India Balanced Advantage Fund Nippon India · Dynamic Asset Allocation or Balanced Advantage	63.6% of 72% equity	★★★☆☆	0.89%	+9.69%
Invesco India Multi Asset Allocation Fund Invesco · Multi Asset Allocation	63.5% of 37% equity	★★★★☆	0.54%	—
Nippon India ETF Nifty 100 Nippon India · Other ETFs	61.6%	—	0.51%	+6.90%
Zerodha Nifty 100 ETF Zerodha · Other ETFs	61.6%	—	0.28%	—
Axis Nifty 100 Index Fund Axis · Index Funds	61.6%	★★★☆☆	0.26%	+7.18%
HDFC NIFTY 100 Index Fund HDFC · Index Funds	61.6%	★★☆☆☆	0.35%	+7.05%
Bandhan Nifty 100 Index Fund Bandhan · Index Funds	61.6%	★★★☆☆	0.18%	+7.26%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

1 holding — 0.92% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

PB Fintech LimitedShort-term · Stage I0.92%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-56.9%07 Jan 2008 → 27 Oct 2008
Fell over 10 months, back to the old high on 20 Sep 2010 — 1.9 years under water after the low.
-40.4%27 May 2019 → 23 Mar 2020
Fell over 10 months, back to the old high on 18 Dec 2020 — 9 months under water after the low.
-30.0%04 Nov 2010 → 20 Dec 2011
Fell over 14 months, back to the old high on 05 Dec 2012 — 12 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹51,621Cr

April - June 2026

+3%

since January - March 2026

+₹4,419Cr

est. net flow, last quarter

At or near its largest, ₹51,621Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

Nippon India Mutual Fund is managed by Nippon Life India Asset Management, which took control of the former Reliance Mutual Fund in 2019 when Nippon Life of Japan bought out the Reliance Capital stake. It is among India's largest fund houses by assets and is best known for its small- and mid-cap franchise.

Launched

29 Jun 1995

Total AUM

₹7,87,053Cr+4.7% QoQ

Avg AUM · July - September 2026

Website

mf.nipponindiaim.com

Fund Managers

SBSailesh Raj BhanManaging since 01 Aug 2007

Role

CIO – Equity Investments

Education

MBA(Finance) CFA (ICFAI)

Experience

Over 29 years experience in Equity Securities research and analysis February 2014 to till date Deputy CIO - Equity Investments, NAM India, – managing various Schemes of NIMF. May 2010 to January 2014 Sr. Fund Manager - Investment Equity Oct 2006 to April 2009 Fund Manager -Equity Nov 2003 – Sept 2006 NAM India - Senior Analyst 2001-2003 Emkay Share & Stock Broker Pvt. Ltd Head – Research 1996-2001 Shah & Sequeira Invst. Pvt. Ltd Analyst - Equity research 1995-1996 ICFAI- Securities Research Center Analyst - Equity Research

Funds managed (2)

All schemes Sailesh Raj Bhan runs →

BDBhavik DaveManaging since 01 Aug 2024

Role

Co- Fund Manager & Research Analyst

Education

BBA (2005 - 2008), PGDM (2010 - 2012)

Experience

Over 13 years of experience 18th June 2021 onwards NAM India - Co- Fund Manager & Research Analyst From September 30, 2014 to June 17, 2021 NAM India - Research Analyst From October 07, 2013 to September 29, 2014 Motilal Oswal Securities Limited - Research Associate (Institutional Equities) From May 2012 to October 2013 Crisil Global Analytics Centre - Credit Analyst – US Oil & Gas Sector From July 2011 to May 2012 Grantham Mayo, Van Otterloo & Co. - Research Associate Internship

Funds managed (1)

Nippon India Banking & Financial Services Fund

All schemes Bhavik Dave runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Sailesh Raj Bhan Bhavik Dave

Top holdings

HDFC Bank Limited ICICI Bank Limited Axis Bank Limited Reliance Industries Limited Larsen & Toubro Limited Infosys Limited Tata Consultancy Services Limited Bajaj Finance Limited State Bank of India Mahindra & Mahindra Limited Hindustan Unilever Limited Sun Pharmaceutical Industries Limited

Nippon India in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Large Cap funds

Large cap funds invest mainly in India's 100 biggest listed companies. They tend to be steadier than mid- and small-cap funds, with more modest but more dependable growth.

Frequently asked questions

What is the NAV of Nippon India Large Cap Fund?

As of 01 Oct 2026, the NAV of Nippon India Large Cap Fund is ₹84.26 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Nippon India Large Cap Fund delivered?

Nippon India Large Cap Fund has returned -7.75% over 1 year, +8.56% per year over 3 years, +11.00% per year over 5 years and +11.92% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Nippon India Large Cap Fund?

Nippon India Large Cap Fund charges an expense ratio of 1.63% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Nippon India Large Cap Fund?

Nippon India Large Cap Fund's largest holdings are HDFC Bank Limited (8.7%), ICICI Bank Limited (6.7%), Axis Bank Limited (5.3%), Reliance Industries Limited (4.1%) and Larsen & Toubro Limited (3.7%). Holdings are disclosed monthly and change over time.

How risky is Nippon India Large Cap Fund?

Nippon India Large Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 13.6% and its worst peak-to-trough fall in our sample was -56.9%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.15 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Nippon India Large Cap Fund's 0.15 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Nippon India Large Cap Fund?

Nippon India Large Cap Fund is benchmarked against the BSE 100 TRI. Its alpha and beta on this page are measured against that index.

Who manages Nippon India Large Cap Fund?

Nippon India Large Cap Fund is managed by Sailesh Raj Bhan and Bhavik Dave at Nippon India.

How is Nippon India Large Cap Fund taxed?

Nippon India Large Cap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.