Comprehensive Fund Analysis
Top 5 Large Cap Funds — Stability Meets Growth
A data-driven comparison of India’s best-performing large cap mutual funds ranked by 10-year CAGR, with every metric you need for an informed decision.
Data as of March 2026 | Direct Plans | Benchmark: Nifty 50 TRI
Benchmark Context: Nifty 50 TRI
How the index itself has performed — your funds should beat this
1
Nippon India Large Cap Fund
Fund Manager: Sailesh Raj Bhan | Since Aug 2007
★ 5-Star Rated
AUM: ₹51,403 Cr
Expense: 0.70%
2
ICICI Prudential Large Cap Fund
Fund Manager: S Naren, Rajat Chandak | Since Oct 2004
★ 5-Star Rated
AUM: ₹77,451 Cr
Expense: 0.87%
3
HDFC Large Cap Fund
Fund Manager: Roshi Jain | Since Jan 2013
★ 5-Star Rated
AUM: ₹40,085 Cr
Expense: 1.03%
4
DSP Large Cap Fund
Fund Manager: Harish Zaveri | Since Jan 2013
★ 5-Star Rated
AUM: ₹7,269 Cr
Expense: 0.86%
5
Mirae Asset Large Cap Fund
Fund Manager: Gaurav Misra | Since Jan 2013
★ 4-Star Rated
AUM: ₹48,500 Cr
Expense: 0.53%
Side-by-Side: All Parameters at a Glance
Direct Plans • Returns as of Mar 2026 • Risk metrics trailing 3 years
| Parameter |
Nippon |
ICICI Pru |
HDFC |
DSP |
Mirae |
Benchmark |
| NAV (₹) | 93.84 | 112.73 | 1,138.78 | 474.97 | 115.20 | — |
| AUM (₹ Cr) | 51,403 | 77,451 | 40,085 | 7,269 | 48,500 | — |
| Expense Ratio | 0.70% | 0.87% | 1.03% | 0.86% | 0.53% | — |
| 1-Year Return | 0.02% | -0.56% | -2.98% | -3.78% | -1.2% | -2.0% |
| 3-Year CAGR | 17.52% | 16.21% | 13.95% | 16.42% | 14.8% | 13.5% |
| 5-Year CAGR | 16.88% | 14.61% | 13.58% | 12.50% | 12.9% | 14.2% |
| 10-Year CAGR | 15.29% | 14.89% | 13.76% | 12.38% | 14.6% | 12.8% |
| Since Inception | ~14.8% | ~15.2% | ~14.5% | ~13.0% | ~16.5% | — |
| Sharpe Ratio | -0.07 | 0.68 | 0.45 | 0.52 | 0.55 | — |
| Alpha | -25.58 | 7.69 | 1.65 | — | — | 0 |
| Beta | 0.92 | 0.90 | 0.88 | 0.95 | 0.93 | 1.00 |
| Std Deviation | — | — | — | — | 12.8% | — |
| NAV Growth | — | — | Highest NAV | — | — | — |
| Min SIP | ₹100 | ₹100 | ₹100 | ₹100 | ₹100 | — |
| Exit Load | 1% if redeemed within 12 months (standard across all) | — |
| Rating | ★★★★★ | ★★★★★ | ★★★★★ | ★★★★★ | ★★★★ | — |
10-Year CAGR (%)
The most important long-term metric
5-Year CAGR (%)
Recent medium-term performance
Expense Ratio (%)
Lower is better — direct impact on returns
Sharpe Ratio
Risk-adjusted return — higher is better
15.29%
Highest 10-Year CAGR
Nippon
0.53%
Lowest Expense Ratio
Mirae Asset
0.68
Best Sharpe Ratio
ICICI Pru
0.88
Lowest Beta (least volatile)
HDFC
₹77,451 Cr
Largest AUM
ICICI Prudential
₹10,000/month SIP — What Would You Have Today?
Hypothetical SIP started 10 years ago • Based on actual fund CAGR • Total invested: ₹12,00,000
| Fund |
10-Yr CAGR |
Approx Corpus (₹) |
Wealth Gain (₹) |
Wealth Multiplier |
| Nippon India Large Cap |
15.29% |
₹30.2 L |
₹18.2 L |
2.52x |
| ICICI Prudential Large Cap |
14.89% |
₹29.4 L |
₹17.4 L |
2.45x |
| Mirae Asset Large Cap |
14.60% |
₹28.9 L |
₹16.9 L |
2.41x |
| HDFC Large Cap |
13.76% |
₹27.2 L |
₹15.2 L |
2.27x |
| DSP Large Cap |
12.38% |
₹24.8 L |
₹12.8 L |
2.07x |
| Nifty 50 TRI (Benchmark) |
12.8% |
₹25.5 L |
₹13.5 L |
2.13x |
Jargon Buster — What These Metrics Mean
Understanding every parameter in the analysis above
| Metric | What It Tells You | Ideal Value |
|---|
| CAGR | Compounded Annual Growth Rate — smoothed annual return over a period | Higher = Better |
| Expense Ratio | Annual fee charged by the fund house; directly reduces your returns | Lower = Better |
| Sharpe Ratio | Return earned per unit of risk taken; measures efficiency of returns | > 1.0 is Good |
| Alpha | Excess return over benchmark after adjusting for risk; shows manager skill | Positive = Better |
| Beta | Sensitivity to market moves; Beta < 1 = less volatile than market | < 1.0 = Less Risky |
| Std Deviation | Measures how much returns fluctuate; higher = more volatile | Lower = Smoother |
| NAV | Net Asset Value per unit; no absolute best value, but tracks growth trajectory | Track CAGR, not NAV |
| AUM | Total money managed; very high AUM in largecap can limit selection flexibility | Sweet spot: ₹10K–80K Cr |
| Exit Load | Penalty for early redemption; standard is 1% if redeemed within 1 year | Lower/Shorter = Better |
| Direct Plan | Fund without distributor commission; lower expense ratio than Regular plans | Direct = Better Value |
Tax Impact on Large Cap Fund Returns (FY 2025-26)
Equity mutual fund taxation rules as per current budget
| Holding Period | Tax Type | Tax Rate | Exemption |
|---|
| < 12 months | STCG (Short Term) | 20% | None |
| > 12 months | LTCG (Long Term) | 12.5% | First ₹1.25 Lakh/year exempt |
Why Sai Assets?
We believe financial literacy shouldn't be locked behind jargon and paywalls. Every report on this platform is built on real data, peer-reviewed metrics, and zero sales bias.
Our mission is simple — help everyday investors make informed decisions using the same analytical frameworks that professionals use.
Disclaimer: All data sourced from Groww, Tickertape, Advisorkhoj, ET Mutual Funds & Scripbox (as of March 2026). All returns shown are for Direct Growth plans.
Past performance is not indicative of future returns. This platform is for educational purposes only and does not constitute financial advice.
Please consult a SEBI-registered investment advisor before making any investment decisions.