UTI - Large Cap Fund
This is the Direct plan of UTI - Large Cap Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
Performance
Scorecard
★★☆☆☆2/5 vs 30 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). 30 of the 34 Large Cap Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +6.32% · ranks 30 of 30 Large Cap Funds
Volatility 12.5% vs 13.5% category avg
1.2% expense vs 1.1% category avg
99% 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
- Consistent — positive in 99% of rolling 3-year windows
Concerns
- Trails the Large Cap Fund average on 1M/6M/1Y — 1Y by 3.65pp
- 3-year return (+6.32%) trails the Large Cap Fund average (+9.47%)
- 5-year return (+5.82%) trails the Large Cap Fund average (+8.06%)
- Ranks #31 of 33 on 1-year return in its Large Cap Fund cohort
- Weaker risk-adjusted returns — Sharpe -0.01 below the Large Cap Fund average of 0.22
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (Large Cap Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -5.44% | -4.83% | -0.61% |
| 3M abs | -4.70% | -4.66% | -0.04% |
| 6M abs | +2.66% | +4.29% | -1.63% |
| 1Y CAGR | -7.54% | -3.89% | -3.65% |
| 3Y CAGR | +6.32% | +9.47% | -3.15% |
| 5Y CAGR | +5.82% | +8.06% | -2.24% |
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
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into UTI - 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 | -11.06% | -10.54% | -0.52% | |
| 2025 | +9.45% | +10.40% | -0.95% | |
| 2024 | +12.19% | +13.11% | -0.92% | |
| 2023 | +21.85% | +21.72% | +0.13% | |
| 2022 | -0.90% | +5.03% | -5.93% | |
| 2021 | +30.76% | +26.41% | +4.35% | |
| 2020 | +19.80% | +16.49% | +3.31% | |
| 2019 | +11.56% | +11.77% | -0.21% | |
| 2018 | +0.51% | +2.35% | -1.84% | |
| 2017 | +30.52% | +32.57% | -2.05% |
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.
Taxation
Taxed as equityThis 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.
Flat, on the whole gain
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.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Equity97.61%
- Cash & Equivalents1.97%
- Debt0.41%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹12,576Cr in January - March 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
UTI Mutual Fund descends from the Unit Trust of India, which was effectively the whole Indian mutual fund industry from 1963 until private managers were allowed in. It was carved out as a SEBI-registered fund house in 2003, is listed on the exchanges, and is held by SBI, LIC, Bank of Baroda, PNB and T. Rowe Price rather than a single parent.
Fund Managers
KLKarthikraj LakshmananStart date not disclosed
Senior Vice President (Fund Manager- Equity)
B.Com, Chartered Accountant, Post Graduate Diploma in Business Management, cleared CFA (US CFAI) UTI MF Statement of Additional Information (SAI) (31.3.24)
He joined UTI AMC in July 2022. He is Senior Vice President (Fund Manager-Equity). He has done his B.Com from Mumbai University. He is a Chartered Accountant and has also done Post Graduation Diploma in Business Management from SP Jain Institute of Management & Research. He has also cleared CFA Level 3 from CFA Institute, United States. He began his career with ICICI Bank. He has also been associated with ICICI Prudential AMC and Goldman Sachs. Prior to joining UTI Asset Management Company, he worked with Baroda BNP Paribas Asset Management as Senior Fund Manager-Equities. He has a total work experience of over
Fund manager, benchmark and dealing terms from 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.
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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.
From the blog
Large-cap funds: 30 of 33 lost money in the year
02 Oct 2026
Thirty of 33 large-cap funds fell in the year to 1 October 2026; the median lost 4.71%. Their 3, 5 and 10-year returns, with the best and worst funds.
Large-cap funds vs the Nifty 50: 22 of 27 won over 5 years
01 Oct 2026
Over the five years to 30 September 2026, 22 of 27 large-cap funds (Direct, Growth) beat an estimated Nifty 50 total return of 6.49% a year. By how much.
Large-cap funds since March: same funds, new numbers
16 Jul 2026
The median large-cap fund's one-year return fell from 10.47% in March to −0.54% by 15 July 2026, though its NAV rose 2.04%. What changed and what didn't.
Frequently asked questions
What is the NAV of UTI - Large Cap Fund?
As of 05 Oct 2026, the NAV of UTI - Large Cap Fund is ₹277.58 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has UTI - Large Cap Fund delivered?
UTI - Large Cap Fund has returned -7.54% over 1 year, +6.32% per year over 3 years, +5.82% per year over 5 years and +12.01% 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 UTI - Large Cap Fund?
UTI - Large Cap Fund charges an expense ratio of 1.19% 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 UTI - Large Cap Fund?
UTI - Large Cap Fund's largest holdings are ICICI BANK LTD (9.3%), HDFC BANK LIMITED (8.6%), RELIANCE INDUSTRIES LTD. (5.0%), KOTAK MAHINDRA BANK LTD. (4.8%) and BHARTI AIRTEL LTD. (4.0%). Holdings are disclosed monthly and change over time.
How risky is UTI - Large Cap Fund?
UTI - Large Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 12.5% and its worst peak-to-trough fall in our sample was -34.7%. 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 -0.01 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. UTI - Large Cap Fund's -0.01 means it has not compensated investors for its volatility over the window. Higher is better.
What is the benchmark of UTI - Large Cap Fund?
UTI - Large Cap Fund is benchmarked against the BSE 100 TRI. Its alpha and beta on this page are measured against that index.
Who manages UTI - Large Cap Fund?
UTI - Large Cap Fund is managed by Karthikraj Lakshmanan at UTI.
How is UTI - Large Cap Fund taxed?
UTI - 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.