By ThePip Desk

Large Cap funds: average 1-month −5.59%, 1-year −5.78%, 3-year 8.63% a year across 35 Direct Growth plans, to 8 October 2026.

Returns as of: 8 October 2026

  • Category average return: 1 month −5.59%, 1 year −5.78%, 3 years 8.63% a year
  • Funds that fell over the past month: 35 of 35
  • Funds with a positive 1-year return: 2 of 33
  • Share of 1-year rolling windows below zero: 9%
  • Average expense ratio of Direct plans: 1.16%
  • Largest fund by assets: ICICI Pru Large Cap Fund

Large Cap funds performance across 35 Direct Growth plans recorded a one-month average of −5.59% to 8 October 2026. During this period, 35 of 35 funds fell and 0 rose. Over the one-year period, the category recorded an average of −5.78%. In that timeframe, 2 of 33 funds were positive.

Large Cap funds: returns across the category

Average return of Large Cap funds by period to 8 October 2026
Average return of Large Cap funds by period, to 8 October 2026. Periods over one year are annualised.
Large Cap funds, 35 plans, to 8 October 2026 — Direct Growth plans; periods over one year are annualised
Period Average Median Funds with a positive return Funds counted
1 week −0.98% −0.92% 0 of 35 35
1 month −5.59% −5.74% 0 of 35 35
3 months −4.62% −4.64% 1 of 35 35
6 months −2.46% −2.88% 4 of 34 34
1 year −5.78% −6.40% 2 of 33 33
3 years (a year) 8.63% 8.50% 30 of 30 30
5 years (a year) 7.63% 7.70% 28 of 28 28

The 1-year average return of −5.78% is lower than the 3-year average return of 8.63%. Over the 3-year period, 30 of 30 funds were positive. The 1-year period saw 2 of 33 funds record positive returns.

Highest and lowest returns over the past month

Highest one-month returns, to 8 October 2026
Fund 1 month 1 week
Taurus Large Cap Fund −2.04% −0.07%
HSBC Large Cap Fund −4.27% −0.40%
SBI Large Cap Fund −4.54% −1.19%
Lowest one-month returns, to 8 October 2026
Fund 1 month 1 week
JM Large Cap Fund −6.51% −1.10%
Tata Large Cap Fund −6.50% −0.98%
Franklin India Large Cap Fund −6.40% −0.82%

Highest 3-year returns

Highest 3-year returns, to 8 October 2026 — Direct Growth plans; periods over one year are annualised
Fund 1 year 3 years (a year) Expense ratio
Taurus Large Cap Fund 5.59% 12.64% 2.54%
Invesco India Largecap Fund −2.24% 12.28% 0.93%
Quant Large Cap Fund 0.87% 12.02% 1.53%
WOC Large Cap Fund −5.03% 11.50% 0.92%
Bandhan Large Cap Fund −4.21% 11.13% 1.06%

Rolling returns

Average 1-year rolling return of 29 Large Cap funds, every window ending 9 October 2023 to 8 October 2026
Measure Category average 1-year return
Lowest window −5.7% (ending 8 October 2026)
Median 11.3%
Highest window 41.8% (ending 26 September 2024)
Share of windows below zero 9%
Latest window (ending 8 October 2026) −5.7%

The rolling 1-year returns show a median of 11.3% and a highest window of 41.8%. The lowest window was −5.7%. The latest rolling window of −5.7% is lower than the median rolling window of 11.3%.

Largest funds and costs

Largest funds by assets at 31 August 2026 (all plans of the fund, ₹ crore)
Fund Assets (₹ crore) 1 year 3 years (a year)
ICICI Pru Large Cap Fund 80,206 −8.86% 9.00%
SBI Large Cap Fund 55,140 −4.54% 7.54%
Nippon India Large Cap Fund 54,134 −8.14% 9.14%
HDFC Large Cap Fund 39,933 −7.54% 7.16%
Mirae Asset Large Cap Fund 38,166 −7.05% 6.92%
Expense ratio of Direct plans
Expense ratio Funds counted
Average 1.16% 35
Lowest: Parag Parikh Large Cap Fund 0.33%
Highest: Taurus Large Cap Fund 2.54%

ICICI Pru Large Cap Fund is the largest fund with assets of ₹80,206 crore. The 35 Direct plans have an average expense ratio of 1.16%. The lowest expense ratio is 0.33% for Parag Parikh Large Cap Fund.

Large Cap funds: FAQs

How have Large Cap funds performed over the past year?

The average 1-year return of 33 Direct Growth Large Cap funds was −5.78% to 8 October 2026, and 2 of them had a positive return. The average 3-year return was 8.63% a year across 30 funds.

What is the average expense ratio of Large Cap funds?

The average expense ratio of 35 Direct plans in the Large Cap category is 1.16%. It ranges from 0.33% (Parag Parikh Large Cap Fund) to 2.54% (Taurus Large Cap Fund).

Which Large Cap fund is the largest?

ICICI Pru Large Cap Fund has the largest assets among Large Cap funds, ₹80,206 crore at 31 August 2026, across all its plans.

What are rolling returns?

Rolling returns measure the return over every window of a fixed length, not just the one ending today. Here, each 1-year window ending between 9 October 2023 and 8 October 2026 is averaged across 29 funds, so the result does not depend on one start date.

Why are Direct plans compared?

Direct plans have no distributor commission in their cost, so they are the cleanest way to compare the funds themselves. Regular plans of the same funds charge a higher expense ratio, which reduces their returns.

This article is for information only and is not investment advice. Returns are for Direct Growth plans to 8 October 2026; periods over one year are annualised. Averages are plain averages of the funds that have the figure, and each table says how many that is. NAV, expense and portfolio data are from Accord Fintech; calculations are by ThePip. Past performance is not indicative of future returns. Mutual fund investments are subject to market risks; read all scheme-related documents carefully.

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Large Cap Funds: 35 of 35 Fell Over the Past Month; Category Average −5.59%

One-month return of each of 35 Large Cap funds to 8 October 2026: 35 fell and 0 rose, category average −5.59%