HDFC Large Cap Fund
Large CapVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹1,091.88+0.14%1 day
- Return since launch
- 17.7%
- 52-week range
- ₹1,019.47 — ₹1,194.96
- AUM
- ₹39,933 Cr
HDFC Large Cap Fund is a Large Cap equity fund from HDFC Mutual Fund with ₹39,933 Cr under management, launched in 1996. Over three years it has returned 0.8% a year, against 8.8% for its category. The expense ratio is 1.56% and the SEBI riskometer reading is Very High.
Performance
HDFC Large Cap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -2.7% against -2.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -6.3% | −4.3 pts | -2.0% | -5.8% |
| 2Y | -2.5% | −1.4 pts | -1.1% | -1.9% |
| 3Y | 0.8% | −8.0 pts | 8.8% | 1.7% |
| 5Y | 7.7% | +0.4 pts | 7.3% | 7.2% |
| 7Y | 11.6% | +1.3 pts | 10.3% | 10.0% |
| 10Y | 11.4% | +0.6 pts | 10.8% | 10.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -4.7% | −0.7 pts | -4.0% | -4.1% |
| 3M | -1.9% | −0.5 pts | -1.5% | -1.8% |
| 6M | 4.5% | −1.4 pts | 5.9% | 5.1% |
| 1Y | -2.7% | −0.7 pts | -2.0% | -2.7% |
| 2Y | -5.3% | −1.3 pts | -3.9% | -4.1% |
| 3Y | 8.1% | −0.6 pts | 8.8% | 8.5% |
| 5Y | 9.6% | +2.3 pts | 7.3% | 7.2% |
| 7Y | 12.4% | +0.5 pts | 11.9% | 10.9% |
| 10Y | 11.4% | +0.7 pts | 10.8% | 9.9% |
Since launch (19 Aug 1996): 17.7%
Calendar-year returns
Category average5.9%
28.5%
10.6%
30.0%
11.5%
7.9%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.9% | −0.6 pts | 8.5% |
| 2024 | 11.5% | −4.8 pts | 16.3% |
| 2023 | 30.0% | +4.7 pts | 25.3% |
| 2022 | 10.6% | +7.5 pts | 3.2% |
| 2021 | 28.5% | +1.3 pts | 27.2% |
| 2020 | 5.9% | −9.1 pts | 15.0% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
1.57%
Expense ratio as on 24 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.30%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.26%
- Exit load
- Exit load of 1% if redeemed within 1 year
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY 100 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 0.35 | 2.62 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.95 | 1.04 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.40 | 0.53 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.47 | 0.70 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 13.79 | 15.51 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
HDFC Large Cap Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity98.6%
- Debt0.5%
- Other0.9%
Market cap split
- Large85.0%
- Mid15.0%
- P/E
- 23.32
- P/B
- 3.39
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 10.05% | ₹4,015 Cr | +9.18% | +9.50% | +9.66% |
| HDFC Bank Ltd. | Financial | 6.88% | ₹2,748 Cr | +7.63% | +8.58% | +9.67% |
| Bharti Airtel Ltd. | Communication | 6.23% | ₹2,486 Cr | +5.77% | +5.59% | +5.98% |
| Kotak Mahindra Bank Ltd. | Financial | 5.71% | ₹2,280 Cr | +5.52% | +5.34% | +3.82% |
| Titan Company Ltd. | Consumer Discretionary | 5.27% | ₹2,103 Cr | +4.44% | +4.45% | +3.13% |
| Reliance Industries Ltd. | Energy | 4.78% | ₹1,909 Cr | +5.22% | +4.96% | +4.85% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 4.04% | ₹1,611 Cr | +3.71% | +3.44% | +2.48% |
| Axis Bank Ltd. | Financial | 3.49% | ₹1,393 Cr | +3.65% | +3.70% | +2.97% |
| Bajaj Finserv Ltd. | Financial | 3.33% | ₹1,328 Cr | +3.10% | +2.73% | +1.78% |
| Bajaj Auto Ltd. | Automobile | 2.93% | ₹1,169 Cr | +3.12% | +3.10% | +2.65% |
| Infosys Ltd. | Technology | 2.76% | ₹1,102 Cr | +2.98% | +3.67% | +3.36% |
| Lupin Ltd. | Healthcare | 2.53% | ₹1,010 Cr | +2.77% | +2.65% | +2.32% |
| Eternal Ltd. | Services | 2.49% | ₹993 Cr | +2.01% | +1.86% | +2.51% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 2.44% | ₹973 Cr | +2.13% | +2.26% | +1.98% |
| Ambuja Cements Ltd. | Materials | 2.24% | ₹894 Cr | +2.64% | +2.78% | +3.08% |
| Tata Motors Ltd. | Automobile | 2.02% | ₹808 Cr | +1.72% | +2.16% | — |
| Larsen & Toubro Ltd. | Construction | 1.99% | ₹795 Cr | +2.12% | +1.40% | +1.63% |
| Interglobe Aviation Ltd. | Services | 1.97% | ₹785 Cr | +1.75% | +1.81% | +1.55% |
| State Bank of India | Financial | 1.89% | ₹756 Cr | +2.22% | +1.91% | +1.35% |
| NTPC Ltd. | Energy | 1.83% | ₹731 Cr | +2.28% | +2.13% | +3.70% |
| United Spirits Ltd. | Consumer Staples | 1.78% | ₹712 Cr | +1.60% | +1.65% | +1.30% |
| Max Healthcare Institute Ltd. | Healthcare | 1.72% | ₹689 Cr | +1.69% | +1.37% | — |
| Mankind Pharma Ltd. | Healthcare | 1.66% | ₹663 Cr | +1.72% | +1.54% | +1.21% |
| Indusind Bank Ltd. | Financial | 1.57% | ₹628 Cr | +1.49% | +1.47% | +1.21% |
| ICICI Prudential Asset Management Company Ltd. | Financial | 1.43% | ₹570 Cr | +1.28% | +1.06% | — |
| Vishal Mega Mart Ltd. | Services | 1.37% | ₹545 Cr | +1.59% | +1.45% | +1.50% |
| Havells India Ltd. | Capital Goods | 1.35% | ₹539 Cr | +1.35% | +1.51% | +1.06% |
| Tata Consumer Products Ltd. | Consumer Staples | 1.31% | ₹525 Cr | +1.58% | +1.44% | +1.43% |
| Swiggy Ltd. | Services | 1.30% | ₹520 Cr | +1.19% | +0.73% | — |
| Hyundai Motor India Ltd. | Automobile | 1.21% | ₹482 Cr | +1.11% | +1.18% | +1.43% |
| Eicher Motors Ltd. | Automobile | 1.03% | ₹411 Cr | +0.98% | +1.25% | +1.01% |
| Others | Others | 0.94% | ₹383 Cr | -1.18% | -1.18% | +0.10% |
| SRF Ltd. | Chemicals | 0.89% | ₹355 Cr | +1.00% | +0.89% | +1.05% |
| Adani Ports and Special Economic Zone Ltd. | Services | 0.87% | ₹348 Cr | +1.04% | +1.45% | +1.33% |
| Tata Capital Ltd. | Financial | 0.75% | ₹300 Cr | +0.66% | +0.45% | — |
| SBI Funds Management Ltd. | Financial | 0.67% | ₹269 Cr | — | — | — |
| Dabur India Ltd. | Consumer Staples | 0.66% | ₹262 Cr | +0.81% | +0.89% | +0.95% |
| Mahindra & Mahindra Ltd. | Automobile | 0.65% | ₹259 Cr | +0.80% | +0.84% | +0.84% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 0.62% | ₹248 Cr | +0.66% | +0.49% | +0.33% |
| GOI | Sovereign | 0.48% | ₹193 Cr | +0.50% | +0.48% | — |
| Bharat Electronics Ltd. | Capital Goods | 0.47% | ₹186 Cr | — | — | — |
| Life Insurance Corporation of India | Insurance | 0.41% | ₹163 Cr | — | — | — |
| Tata Motors Passenger Vehicles Ltd. | Automobile | 0.41% | ₹164 Cr | +0.55% | +0.75% | +3.05% |
| DLF Ltd. | Construction | 0.37% | ₹146 Cr | +0.33% | +0.32% | +0.42% |
| Cummins India Ltd. | Capital Goods | 0.29% | ₹117 Cr | +0.36% | +0.28% | +0.23% |
| Billionbrains Garage Ventures Ltd. | Financial | 0.28% | ₹111 Cr | +0.28% | +0.24% | — |
| Maruti Suzuki India Ltd. | Automobile | 0.24% | ₹96.27 Cr | +0.84% | +1.33% | +1.02% |
| Hindalco Industries Ltd. | Metals & Mining | 0.23% | ₹90.95 Cr | +0.27% | +0.21% | +1.07% |
| SBI Life Insurance Company Ltd. | Insurance | 0.17% | ₹69.02 Cr | +0.19% | +0.20% | +0.19% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Bharat Electronics Ltd. | 0.00% | 0.47% | +0.47% |
| Kotak Mahindra Bank Ltd. | 5.28% | 5.71% | +0.43% |
| Life Insurance Corporation of India | 0.00% | 0.41% | +0.41% |
| Bharti Airtel Ltd. | 5.85% | 6.23% | +0.38% |
| ICICI Prudential Asset Management Company Ltd. | 1.06% | 1.43% | +0.37% |
| HDFC Bank Ltd. | 7.21% | 6.88% | -0.33% |
| Others | 0.18% | -0.10% | -0.28% |
| Titan Company Ltd. | 5.00% | 5.27% | +0.27% |
| Lupin Ltd. | 2.77% | 2.53% | -0.24% |
| Axis Bank Ltd. | 3.28% | 3.49% | +0.21% |
| Eternal Ltd. | 2.28% | 2.49% | +0.21% |
| ICICI Bank Ltd. | 9.86% | 10.05% | +0.19% |
| Bajaj Auto Ltd. | 2.76% | 2.93% | +0.17% |
| Tata Motors Ltd. | 1.86% | 2.02% | +0.16% |
| Ambuja Cements Ltd. | 2.40% | 2.24% | -0.16% |
| NTPC Ltd. | 1.93% | 1.83% | -0.10% |
| Max Healthcare Institute Ltd. | 1.81% | 1.72% | -0.09% |
| Reliance Industries Ltd. | 4.86% | 4.78% | -0.08% |
| State Bank of India | 1.82% | 1.89% | +0.07% |
| Larsen & Toubro Ltd. | 1.93% | 1.99% | +0.06% |
| Vishal Mega Mart Ltd. | 1.31% | 1.37% | +0.06% |
| Dabur India Ltd. | 0.72% | 0.66% | -0.06% |
| Adani Ports and Special Economic Zone Ltd. | 0.92% | 0.87% | -0.05% |
| Tata Consumer Products Ltd. | 1.36% | 1.31% | -0.05% |
| CG Power and Industrial Solutions Ltd. | 0.58% | 0.62% | +0.04% |
| Interglobe Aviation Ltd. | 1.93% | 1.97% | +0.04% |
| Tata Motors Passenger Vehicles Ltd. | 0.45% | 0.41% | -0.04% |
| Cummins India Ltd. | 0.32% | 0.29% | -0.03% |
| Cholamandalam Investment and Finance Company Ltd. | 2.41% | 2.44% | +0.03% |
| Infosys Ltd. | 2.73% | 2.76% | +0.03% |
| DLF Ltd. | 0.35% | 0.37% | +0.02% |
| Eicher Motors Ltd. | 1.01% | 1.03% | +0.02% |
| Hyundai Motor India Ltd. | 1.19% | 1.21% | +0.02% |
| Mahindra & Mahindra Ltd. | 0.67% | 0.65% | -0.02% |
| Mankind Pharma Ltd. | 1.68% | 1.66% | -0.02% |
| SRF Ltd. | 0.91% | 0.89% | -0.02% |
| United Spirits Ltd. | 1.80% | 1.78% | -0.02% |
| SBI Life Insurance Company Ltd. | 0.19% | 0.17% | -0.02% |
| Bajaj Finserv Ltd. | 3.32% | 3.33% | +0.01% |
| Havells India Ltd. | 1.36% | 1.35% | -0.01% |
| Hindalco Industries Ltd. | 0.22% | 0.23% | +0.01% |
| Indusind Bank Ltd. | 1.56% | 1.57% | +0.01% |
| Maruti Suzuki India Ltd. | 0.25% | 0.24% | -0.01% |
| SBI Funds Management Ltd. | 0.68% | 0.67% | -0.01% |
| Swiggy Ltd. | 1.31% | 1.30% | -0.01% |
| Tata Capital Ltd. | 0.74% | 0.75% | +0.01% |
| Torrent Pharmaceuticals Ltd. | 4.05% | 4.04% | -0.01% |
| Billionbrains Garage Ventures Ltd. | 0.28% | 0.28% | 0.00% |
| GOI | 0.48% | 0.48% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹1,872 Cr | 2.51% | 0.7% | 4.8% | 9.7% |
 Quant Large Cap Fund | ₹3,651 Cr | 2.93% | 6.0% | 5.4% | — |
 Bandhan Large Cap Fund | ₹2,180 Cr | 2.20% | -2.8% | 4.0% | 9.1% |
 Invesco India Large Cap Fund | ₹2,021 Cr | 2.19% | 2.4% | 6.0% | 10.5% |
 WhiteOak Capital Large Cap Fund | ₹1,276 Cr | 2.48% | -4.3% | 3.6% | — |
 Bank of India Large Cap Fund | ₹231 Cr | 2.75% | 2.2% | 4.8% | 9.6% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to provide long-term capital appreciation/income by investing predominantly in Large-Cap companies.
Fund managers
- Amar KalkundrikarMr. Kalkundrikar has done B.Com, CA, CFA, and MBA from Columbia Business School.Prior to joining HDFC Asset Management Company Limited, he has worked with Nippon India Mutual Fund, and HDFC AMC. He worked with multiple roles at HDFC MF.
- Rahul BaijalMr. Baijal has done PGDM(MBA) from IIM Calcutta and is an engineering graduate of Delhi college of EngineeringPrior to joining HDFC Mutual Fund, he has worked with Sundaram Mutual Fund, Bharti AXA Life Insurance, TVF Capital, HSBC Securities, Credit Suisse Securities & Standard Chartered Bank.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months4.52% absolute | ₹60,000 | ₹62,712 | 4.52% | |
| 1 year−2.74% annualised | ₹1,20,000 | ₹1,18,234 | −1.47% | |
| 3 years8.14% annualised | ₹3,60,000 | ₹4,08,968 | 13.60% | |
| 5 years9.62% annualised | ₹6,00,000 | ₹7,72,789 | 28.80% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of HDFC Large Cap Fund?
The NAV of HDFC Large Cap Fund is ₹1,091.88 as on 25 Sep 2026.
What is the expense ratio of HDFC Large Cap Fund?
The expense ratio of HDFC Large Cap Fund is 1.56% per year.
What is the minimum SIP amount for HDFC Large Cap Fund?
You can start a SIP in HDFC Large Cap Fund with ₹3,000 a month.
What returns has HDFC Large Cap Fund given?
HDFC Large Cap Fund has returned -6.3% over 1 year, 0.8% over 3 years and 7.7% over 5 years (annualised).
Is there a lock-in or exit load on HDFC Large Cap Fund?
Lock-in: None. Exit load: Exit load of 1% if redeemed within 1 year.
How risky is HDFC Large Cap Fund?
HDFC Large Cap Fund is rated Very High on the SEBI riskometer and belongs to the Large Cap category.
Which fund house manages HDFC Large Cap Fund?
HDFC Large Cap Fund is managed by HDFC Mutual Fund, which runs 85 schemes with ₹9,61,940 Cr under management.