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Nippon India Large Cap Fund: Nippon India Large Cap mutual fund review: Volatile but strong track record


Nippon India Large Cap Fund: Nippon India Large Cap mutual fund review: Volatile but strong track record

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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.

BASIC FACTS

DATE OF LAUNCH

8 AUGUST 2007

CATEGORY

EQUITY

TYPE

LARGE CAP

AUM*

Rs.12,193 crore

BENCHMARK

S&P BSE 100 TOTAL

RETURN INDEX

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WHAT IT COSTS
NAV**


GROWTH OPTION

Rs.54.64

IDCW

Rs.21.08

MINIMUM INVESTMENT

Rs.100

MINIMUM SIP AMOUNT

Rs.1,000

EXPENSE RATIO*** (%)

1.85

EXIT LOAD

1% for redemption

within 7 days

*AS ON 31 AUGUST 2022
**AS ON 20 SEPTEMBER 2022
***AS ON 31 AUGUST 2022

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FUND MANAGER

SAILESH RAJ BHAN

TENURE: 15 YEARS, 2 MONTHS

Recent portfolio changes
New Entrants:
Britannia Industries, Gland Pharma, Sapphire Foods India, Samvardhana Motherson International, United Spirits.

Complete Exits: BPCL, HDFC Life, L&T Infotech, LIC, ONGC, Schaeffler India, United Breweries, United Spirits, Aditya Birla Fashion and Retail, Eicher Motors.

Increasing allocation: EIH, Gland Pharma, Godrej Consumer Products, Larsen & Toubro, Tata Consumer Products.

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Should you buy?

Known earlier as Reliance Top 200, this fund was renamed a few years ago but retains its tilt towards top 100 stocks from its previous avatar. 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. However, this approach can often lead to bouts of underperformance as seen during 2018-2020. However, the fund has made a strong comeback since last year, comfortably beating index and peers. While it boasts a strong track record over market cycles, this performance is often accompanied by higher volatility than many of its peers.

(Source: Value Research)

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