Nippon India Mutual Fund · Direct Growth · SEBI Category: Large Cap
Nippon India Large Cap Fund has one of the longest continuous fund manager tenures of any equity scheme in India. Sailesh Raj Bhan has been managing this specific fund since October 2004 — over 20 years — giving investors a rare window into how a single manager's philosophy plays out across complete market cycles. The fund was previously known as Reliance Large Cap Fund before Nippon Life Insurance acquired a majority stake in Reliance Nippon Life Asset Management in 2019.
The fund follows a blend of growth and value investing across the large cap universe. Bhan's long tenure means the portfolio philosophy has remained relatively consistent across decades — a blend of quality businesses at reasonable valuations, with selective exposure to cyclical sectors during recovery phases. The portfolio is well-diversified across 50-70 large cap names spanning banking, technology, consumer, energy, industrials and healthcare.
Sailesh Raj Bhan is Deputy CIO — Equity at Nippon India Mutual Fund and has been managing the Nippon India Large Cap Fund since October 2004 — one of the longest continuous tenures of any active fund manager on a single scheme in India. His 20+ year track record on this specific fund spans multiple complete market cycles including the 2008 global financial crisis, the 2013 taper tantrum, the 2020 COVID crash and the 2022 rate hike cycle.
For current co-manager details and full biography, refer to the latest Nippon India Mutual Fund factsheet on AMFI or the AMC website.
Informational points to help you form your own view — not judgements or recommendations.
Live data. Current fund highlighted. Click any fund name for full analysis.
| Fund | NAV | AAUM | 1Y Return | 3Y CAGR | 5Y CAGR | Sharpe (3Y) |
|---|---|---|---|---|---|---|
| SBI Large Cap Fund | ₹100.90 | ₹52.8K Cr Jan–Mar 2026 | +0.3% | +11.2% p.a. | +11.5% p.a. | 0.45 |
| Mirae Asset Large Cap Fund | ₹121.53 | ₹39.4K Cr Jan–Mar 2026 | -2.4% | +10.5% p.a. | +10.2% p.a. | 0.39 |
| Axis Large Cap Fund | ₹65.56 | ₹31.8K Cr Jan–Mar 2026 | -4.2% | +9.5% p.a. | +7.7% p.a. | 0.28 |
| HDFC Large Cap Fund | ₹1,166.33 | ₹38.0K Cr Jan–Mar 2026 | -3.8% | +11.4% p.a. | +12.2% p.a. | 0.45 |
| Canara Robeco Large Cap Fund | ₹68.50 | ₹16.7K Cr Jan–Mar 2026 | -4.2% | +11.9% p.a. | +11.1% p.a. | 0.51 |
Calculated from 2,566 daily NAV records in RightAdvise DB. Last calculated: Jun 2026.
1M / 3M / 6M / 1Y — simple point-to-point return · 3Y / 5Y / 10Y — CAGR (compounded annual growth rate)
Based on all rolling windows in full NAV history. Dates show the start and end of each period.
Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.
Rolling returns show performance across every possible investment start date — not one cherry-picked number. Learn more →
How much the fund fell from its peak NAV — what investors actually experience during crashes. Calculated from full NAV history.
Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.
Calculated from 3 years of daily NAV — industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →
Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes — from official AMC disclosures.
See how Nippon India Large Cap FundGrowth PlanOption ranks against other Large Cap funds on returns, drawdown, Sharpe ratio and AAUM — side by side.
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