HDFC Large Cap Fund
Large CapVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹1,156.84+0.27%1 day
- Return since launch
- 17.8%
- 52-week range
- ₹1,019.47 — ₹1,194.96
- AUM
- ₹37,294 Cr
HDFC Large Cap Fund is a Large Cap equity fund from HDFC Mutual Fund with ₹37,294 Cr under management, launched in 1996. Over three years it has returned 4.0% a year, against 11.0% for its category. The expense ratio is 1.58% 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 -0.2% against -0.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.5% | +4.8 pts | 0.7% | 6.5% |
| 2Y | 3.6% | −1.4 pts | 5.0% | 4.3% |
| 3Y | 4.0% | −7.0 pts | 11.0% | 5.0% |
| 5Y | 9.3% | +1.2 pts | 8.1% | 9.0% |
| 7Y | 12.6% | +1.1 pts | 11.5% | 11.1% |
| 10Y | 12.2% | +0.5 pts | 11.7% | 10.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 9.8% | +0.1 pts | 9.7% | 9.7% |
| 3M | 0.4% | −0.7 pts | 1.1% | 0.7% |
| 6M | 6.1% | −0.2 pts | 6.2% | 5.8% |
| 1Y | 0.2% | −0.5 pts | 0.7% | 0.1% |
| 2Y | 1.9% | −0.9 pts | 2.8% | 2.6% |
| 3Y | 10.0% | −1.0 pts | 11.0% | 11.0% |
| 5Y | 10.1% | +2.0 pts | 8.1% | 8.0% |
| 7Y | 12.8% | +0.4 pts | 12.4% | 11.4% |
| 10Y | 12.0% | +0.3 pts | 11.7% | 10.8% |
Since launch (19 Aug 1996): 17.8%
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 4 Nov 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 | -0.72 | 2.41 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.95 | 1.00 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.23 | 0.43 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.27 | 0.57 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 14.23 | 15.29 | 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 30 Sep 2026
Asset allocation
- Equity98.4%
- Debt0.5%
- Other1.1%
Market cap split
- Large84.5%
- Mid15.5%
- P/E
- 21.68
- P/B
- 3.15
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 9.79% | ₹3,650 Cr | +9.73% | +9.39% | +9.17% |
| HDFC Bank Ltd. | Financial | 7.36% | ₹2,746 Cr | +7.92% | +8.00% | +9.51% |
| Bharti Airtel Ltd. | Communication | 6.46% | ₹2,411 Cr | +5.66% | +5.99% | +5.85% |
| Kotak Mahindra Bank Ltd. | Financial | 6.08% | ₹2,267 Cr | +5.46% | +5.13% | +3.82% |
| Titan Company Ltd. | Consumer Discretionary | 5.07% | ₹1,891 Cr | +4.65% | +4.59% | +3.38% |
| Reliance Industries Ltd. | Energy | 4.76% | ₹1,775 Cr | +4.96% | +5.40% | +4.80% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 4.09% | ₹1,527 Cr | +3.77% | +3.79% | +2.84% |
| Axis Bank Ltd. | Financial | 3.52% | ₹1,313 Cr | +3.69% | +3.51% | +3.17% |
| Bajaj Finserv Ltd. | Financial | 3.05% | ₹1,138 Cr | +3.00% | +2.64% | +2.13% |
| Bajaj Auto Ltd. | Automobile | 2.81% | ₹1,048 Cr | +2.80% | +3.09% | +2.71% |
| Eternal Ltd. | Services | 2.60% | ₹968 Cr | +2.05% | +1.95% | +2.56% |
| Infosys Ltd. | Technology | 2.59% | ₹966 Cr | +2.49% | +3.99% | +3.25% |
| Lupin Ltd. | Healthcare | 2.51% | ₹937 Cr | +2.86% | +3.01% | +2.31% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 2.28% | ₹849 Cr | +2.40% | +2.00% | +2.21% |
| Ambuja Cements Ltd. | Materials | 2.24% | ₹834 Cr | +2.41% | +2.52% | +3.32% |
| Interglobe Aviation Ltd. | Services | 2.00% | ₹747 Cr | +2.06% | +1.67% | +1.51% |
| Larsen & Toubro Ltd. | Construction | 1.98% | ₹739 Cr | +2.09% | +1.29% | +1.25% |
| Tata Motors Ltd. | Automobile | 1.94% | ₹723 Cr | +1.86% | +1.91% | — |
| NTPC Ltd. | Energy | 1.93% | ₹720 Cr | +2.04% | +2.33% | +3.74% |
| Mankind Pharma Ltd. | Healthcare | 1.84% | ₹686 Cr | +1.79% | +1.55% | +1.50% |
| State Bank of India | Financial | 1.83% | ₹684 Cr | +2.29% | +1.76% | +1.45% |
| United Spirits Ltd. | Consumer Staples | 1.73% | ₹647 Cr | +1.65% | +1.64% | +1.62% |
| Max Healthcare Institute Ltd. | Healthcare | 1.65% | ₹615 Cr | +1.91% | +1.36% | — |
| ICICI Prudential Asset Management Company Ltd. | Financial | 1.57% | ₹584 Cr | +1.17% | +1.08% | — |
| Indusind Bank Ltd. | Financial | 1.49% | ₹557 Cr | +1.46% | +1.31% | +1.19% |
| Vishal Mega Mart Ltd. | Services | 1.33% | ₹498 Cr | +1.49% | +1.46% | +1.48% |
| Tata Consumer Products Ltd. | Consumer Staples | 1.29% | ₹480 Cr | +1.39% | +1.45% | +1.49% |
| Swiggy Ltd. | Services | 1.24% | ₹462 Cr | +1.13% | +0.84% | — |
| Hyundai Motor India Ltd. | Automobile | 1.19% | ₹444 Cr | +1.07% | +1.10% | +1.48% |
| Havells India Ltd. | Capital Goods | 1.18% | ₹440 Cr | +1.29% | +1.45% | +1.03% |
| Others | Others | 1.12% | ₹406 Cr | +0.20% | -0.20% | -0.86% |
| Adani Ports and Special Economic Zone Ltd. | Services | 1.05% | ₹393 Cr | +1.01% | +0.81% | +1.40% |
| Eicher Motors Ltd. | Automobile | 0.99% | ₹369 Cr | +0.94% | +1.16% | +1.15% |
| SRF Ltd. | Chemicals | 0.92% | ₹343 Cr | +0.97% | +0.95% | +1.02% |
| Tata Capital Ltd. | Financial | 0.72% | ₹268 Cr | +0.77% | +0.52% | — |
| Dabur India Ltd. | Consumer Staples | 0.70% | ₹262 Cr | +0.74% | +0.80% | +0.88% |
| SBI Funds Management Ltd. | Financial | 0.64% | ₹240 Cr | — | — | — |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 0.62% | ₹231 Cr | +0.66% | +0.50% | +0.35% |
| Mahindra & Mahindra Ltd. | Automobile | 0.62% | ₹233 Cr | +0.62% | +0.82% | +0.89% |
| GOI | Sovereign | 0.51% | ₹189 Cr | +0.50% | +0.53% | — |
| Bharat Electronics Ltd. | Capital Goods | 0.47% | ₹174 Cr | — | — | — |
| Life Insurance Corporation of India | Insurance | 0.41% | ₹154 Cr | — | — | — |
| Tata Motors Passenger Vehicles Ltd. | Automobile | 0.40% | ₹150 Cr | +0.48% | +0.62% | +3.05% |
| DLF Ltd. | Construction | 0.38% | ₹143 Cr | +0.34% | +0.30% | +0.39% |
| Cummins India Ltd. | Capital Goods | 0.29% | ₹109 Cr | +0.33% | +0.29% | +0.24% |
| Billionbrains Garage Ventures Ltd. | Financial | 0.28% | ₹106 Cr | +0.30% | +0.24% | — |
| National Stock Exchange | Financial | 0.25% | ₹94.39 Cr | — | — | — |
| Hindalco Industries Ltd. | Metals & Mining | 0.23% | ₹84.35 Cr | +0.22% | +0.22% | +1.14% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| HDFC Bank Ltd. | 6.88% | 7.36% | +0.48% |
| Kotak Mahindra Bank Ltd. | 5.71% | 6.08% | +0.37% |
| Bajaj Finserv Ltd. | 3.33% | 3.05% | -0.28% |
| ICICI Bank Ltd. | 10.05% | 9.79% | -0.26% |
| National Stock Exchange | 0.00% | 0.25% | +0.25% |
| Maruti Suzuki India Ltd. | 0.24% | 0.00% | -0.24% |
| Bharti Airtel Ltd. | 6.23% | 6.46% | +0.23% |
| Titan Company Ltd. | 5.27% | 5.07% | -0.20% |
| Mankind Pharma Ltd. | 1.66% | 1.84% | +0.18% |
| Adani Ports and Special Economic Zone Ltd. | 0.87% | 1.05% | +0.18% |
| Havells India Ltd. | 1.35% | 1.18% | -0.17% |
| SBI Life Insurance Company Ltd. | 0.17% | 0.00% | -0.17% |
| Infosys Ltd. | 2.76% | 2.59% | -0.17% |
| Cholamandalam Investment and Finance Company Ltd. | 2.44% | 2.28% | -0.16% |
| ICICI Prudential Asset Management Company Ltd. | 1.43% | 1.57% | +0.14% |
| Bajaj Auto Ltd. | 2.93% | 2.81% | -0.12% |
| Eternal Ltd. | 2.49% | 2.60% | +0.11% |
| NTPC Ltd. | 1.83% | 1.93% | +0.10% |
| Indusind Bank Ltd. | 1.57% | 1.49% | -0.08% |
| Tata Motors Ltd. | 2.02% | 1.94% | -0.08% |
| Max Healthcare Institute Ltd. | 1.72% | 1.65% | -0.07% |
| Swiggy Ltd. | 1.30% | 1.24% | -0.06% |
| State Bank of India | 1.89% | 1.83% | -0.06% |
| United Spirits Ltd. | 1.78% | 1.73% | -0.05% |
| Torrent Pharmaceuticals Ltd. | 4.04% | 4.09% | +0.05% |
| Eicher Motors Ltd. | 1.03% | 0.99% | -0.04% |
| Vishal Mega Mart Ltd. | 1.37% | 1.33% | -0.04% |
| Dabur India Ltd. | 0.66% | 0.70% | +0.04% |
| GOI | 0.48% | 0.51% | +0.03% |
| Interglobe Aviation Ltd. | 1.97% | 2.00% | +0.03% |
| Mahindra & Mahindra Ltd. | 0.65% | 0.62% | -0.03% |
| SBI Funds Management Ltd. | 0.67% | 0.64% | -0.03% |
| SRF Ltd. | 0.89% | 0.92% | +0.03% |
| Tata Capital Ltd. | 0.75% | 0.72% | -0.03% |
| Others | -0.10% | -0.07% | +0.03% |
| Axis Bank Ltd. | 3.49% | 3.52% | +0.03% |
| Reliance Industries Ltd. | 4.78% | 4.76% | -0.02% |
| Hyundai Motor India Ltd. | 1.21% | 1.19% | -0.02% |
| Lupin Ltd. | 2.53% | 2.51% | -0.02% |
| Tata Consumer Products Ltd. | 1.31% | 1.29% | -0.02% |
| DLF Ltd. | 0.37% | 0.38% | +0.01% |
| Larsen & Toubro Ltd. | 1.99% | 1.98% | -0.01% |
| Tata Motors Passenger Vehicles Ltd. | 0.41% | 0.40% | -0.01% |
| Ambuja Cements Ltd. | 2.24% | 2.24% | 0.00% |
| Bharat Electronics Ltd. | 0.47% | 0.47% | 0.00% |
| Billionbrains Garage Ventures Ltd. | 0.28% | 0.28% | 0.00% |
| CG Power and Industrial Solutions Ltd. | 0.62% | 0.62% | 0.00% |
| Cummins India Ltd. | 0.29% | 0.29% | 0.00% |
| Hindalco Industries Ltd. | 0.23% | 0.23% | 0.00% |
| Life Insurance Corporation of India | 0.41% | 0.41% | 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 | ₹3,138 Cr | 2.31% | 10.1% | 7.1% | 11.3% |
 DSP Large Cap Fund | ₹6,642 Cr | 2.02% | 6.5% | 5.3% | 10.3% |
 Quant Large Cap Fund | ₹3,669 Cr | 2.75% | 11.5% | 6.5% | — |
 Bandhan Large Cap Fund | ₹2,098 Cr | 2.20% | 10.6% | 7.7% | 11.2% |
 Invesco India Large Cap Fund | ₹1,995 Cr | 2.14% | 14.1% | 9.0% | 12.2% |
 WhiteOak Capital Large Cap Fund | ₹1,287 Cr | 2.45% | 8.0% | 6.9% | — |
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 months6.06% absolute | ₹60,000 | ₹63,636 | 6.06% | |
| 1 year0.18% annualised | ₹1,20,000 | ₹1,20,117 | 0.10% | |
| 3 years10.00% annualised | ₹3,60,000 | ₹4,21,300 | 17.03% | |
| 5 years10.09% annualised | ₹6,00,000 | ₹7,82,742 | 30.46% |
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 ₹1,156.84 as on 9 Nov 2026.
What is the expense ratio of HDFC Large Cap Fund?
The expense ratio of HDFC Large Cap Fund is 1.58% 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 5.5% over 1 year, 4.0% over 3 years and 9.3% 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 86 schemes with ₹9,96,954 Cr under management.