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Nippon India Large Cap Fund gave 19.75% return in five years: Should you buy this mutual fund?

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ET BureauLast Updated: Nov 18, 2024, 06:30:00 AM IST

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Synopsis

Run with a fluid mandate under its previous avatar as Reliance Top 200, Nippon India Large Cap Fund was repositioned in 2018 while retaining a large-cap tilt. The fund manager prefers not to be tied to the benchmark index, and is comfortable taking significant sector deviations yet limits aggressive exposure to three sectors at a time. Should you invest in Nippon India Large Cap?

Nippon Large Cap Fund has made a strong comeback since 2021

ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

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NIPPON INDIA LARGE CAP

BASIC FACTS
DATE OF LAUNCH
8 AUG 2007

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CATEGORY
EQUITY
TYPE
LARGE CAP

AUM*

Rs.34,105 crore
BENCHMARK

BSE 100 TOTAL
RETURN INDEX

WHAT IT COSTS
NAV**
BONUS
Rs.86.01
GROWTH OPTION
Rs.86.01
IDCW
Rs.27.60
MINIMUM INVESTMENT
Rs.100

MINIMUM SIP AMOUNT
Rs.100

EXPENSE RATIO# (%)
1.57
EXIT LOAD
1% for redemption within 7 days

*AS ON 31 OCT 2024
**AS ON 12 NOV 2024
#AS ON 30 SEP 2024

FUND MANAGER
SAILESH RAJ BHAN
17 YEARS, 4 MONTHS

Recent portfolio changes
New entrants
Bank Of Baroda, IndusInd Bank (Sep).
Hyundai Motor India, InterGlobe Aviation, Power Finance Corporation, Torrent Pharmaceuticals (Oct).
Complete exits
ICICI Prudential Life Insurance Company (Sep).

Should You Buy?
Run with a fluid mandate under its previous avatar as Reliance Top 200, this fund was repositioned in 2018 while retaining a large-cap tilt. The fund manager prefers not to be tied to the benchmark index, and is comfortable taking significant sector deviations yet limits aggressive exposure to three sectors at a time. He is also comfortable exploring stocks beyond the confines of the index. The fund is highly diversified yet retains large positions in its top bets. This approach previously led to bouts of underperformance as seen during 2018-2020. However, the fund has made a strong comeback since 2021, comfortably beating index and peers consistently. It has also shed its earlier volatility in recent years.