Nippon India Large Cap Fund Direct Growth

Nippon India Large Cap Fund is a large-cap mutual fund launched on 8th August 2007. The fund invests at least 80% of its assets in large-cap companies (Top 100 companies in the stock market, ranked by their market capitalization). The fund follows BSE 100 TRI as its benchmark index. This helps them measure their performance against a broader market of 100 large-cap companies.

Nippon Large Cap fund maintains a strong focus on Financials, followed by sectors like Energy, Technology, Automobile and FMCG. Nippon’s fund managers believe that large-cap stocks are sector leaders with strong financials. Guided by this belief, their stock picking criteria include looking for sound management, a solid track record and strong potential growth. To enhance returns and manage risk, up to 20% is diversified into mid- and small-cap stocks, debt instruments, money market securities, REITs, and InvITs.

Currently, the fund's portfolio comprises 3.9% small-cap stocks, 81.34% large-cap stocks, and 12.10% mid-cap stocks.

With an AUM of ₹41750.0 crores, Nippon India Large Cap Fund Direct Growth generated a return of 7.0% in 1 year, 27.2% in 3 years, 27.5% in 5 years. while its benchmark index (Nifty 100) generated 4.1% in 1 year, 18.3% in 3 years, and 19.8% in 5 years.