SBI Large Cap Fund: Down 3.04% in a Year, but ₹10,000 Put In Three Years Ago Is ₹13,302 Now
Key Highlights
₹10,000 in SBI Large Cap Fund three years ago is ₹13,302 now (3 Nov 2026). 1-year −3.04%, 3-year 9.97% a year.
Returns as of: 3 November 2026
- ₹10,000 put in three years ago is worth ₹13,302 now
- 1-year return: −3.04%, higher than the category average of −3.58%
- 3-year return: 9.97% a year, lower than the category average of 11.01%
- Expense ratio (Direct plan): 0.90%, lower than the category average of 1.15%
- Assets: ₹52,373 crore at 30 September 2026
- Largest holding: ICICI Bank Ltd., 8.29% of the fund; the top ten are 47.58%
- Volatility over three years: 12.65% a year
The SBI Large Cap Fund returned −3.04% over the past year, while ₹10,000 invested three years ago is worth ₹13,302 today. This Equity – Large Cap Fund maintains an expense ratio of 0.90%. Total assets were ₹52,373 crore at 30 September 2026.
SBI Large Cap Fund: key details
| Fund house | SBI Mutual Fund |
| Category | Equity – Large Cap Fund |
| 100 – TRI | |
| Expense ratio (Direct plan) | 0.90% |
| Assets | ₹52,373 crore (30 September 2026) |
| Minimum investment | ₹5,000 |
| ₹500 | |
| Exit load | 0.25% on or before 30D, 0.10% after 30D but before 90D, Nil after 90D |
| Fund managers | Saurabh Pant |
SBI Large Cap Fund: returns
| Period | Fund return | Category average | Rank in category |
|---|---|---|---|
| 1 week | 3.75% | – | – |
| 1 month | 3.25% | – | – |
| 3 months | −4.36% | – | – |
| 6 months | 0.55% | – | – |
| 1 year (a year) | −3.04% | −3.58% (33 funds) | 13 of 33 |
| 3 years (a year) | 9.97% | 11.01% (30 funds) | 23 of 30 |
| 5 years (a year) | 8.59% | – | – |
The 1-year return of −3.04% is higher than the category average of −3.58%. Over three years, the fund returned 9.97% a year, which is lower than the category average of 11.01%.
Assets over recent months
| Month | Assets (₹ crore) |
|---|---|
| 30 April 2026 | 53,468 |
| 31 May 2026 | 53,527 |
| 30 June 2026 | 55,064 |
| 31 July 2026 | 55,431 |
| 31 August 2026 | 55,140 |
| 30 September 2026 | 52,373 |
Volatility and largest fall
| Measure | Fund | Category median |
|---|---|---|
| Volatility (annualised) | 12.65% | 13.45% |
| Largest fall from a high (26 September 2024 to 28 February 2025) | −15.44% | −16.52% |
The fund recorded a volatility of 12.65% a year, which is lower than the category median of 13.45%. Its largest fall from a high was −15.44%, compared to the category median of −16.52%.
Portfolio: top holdings
| Holding | Sector | Value (₹ crore) | |
|---|---|---|---|
| ICICI Bank Ltd. | Banks | 8.29% | 4,342 |
| HDFC Bank Ltd. | Banks | 8.19% | 4,288 |
| Larsen & Toubro Ltd. | Construction | 5.31% | 2,782 |
| Kotak Mahindra Bank Ltd. | Banks | 4.60% | 2,410 |
| Samvardhana Motherson International Ltd. | Auto Components | 3.79% | 1,987 |
| Divi’s Laboratories Ltd. | Pharmaceuticals & Biotechnology | 3.61% | 1,888 |
| Reliance Industries Ltd. | Petroleum Products | 3.51% | 1,840 |
| State Bank of India | Banks | 3.50% | 1,833 |
| Asian Paints Ltd. | Consumer Durables | 3.39% | 1,778 |
| Infosys Ltd. | IT – Software | 3.38% | 1,771 |
| Sector | Weight |
|---|---|
| Banks | 27.80% |
| Pharmaceuticals & Biotechnology | 7.64% |
| Auto Components | 7.02% |
| Insurance | 5.49% |
| Construction | 5.31% |
| IT – Software | 5.27% |
| Type | Weight |
|---|---|
| Domestic Equities | 99.11% |
| Cash & Cash Equivalents and Net Assets | 0.48% |
| Treasury Bills | 0.41% |
| Change | Holding | Weight |
|---|---|---|
| Added | Swiggy Ltd. | 0.53% |
| Weight rose | Kotak Mahindra Bank Ltd. | 3.65% to 4.60% |
| Weight fell | Britannia Industries Ltd. | 0.83% to 0.07% |
| Weight rose | Interglobe Aviation Ltd. | 1.04% to 1.56% |
| Weight rose | HDFC Bank Ltd. | 7.78% to 8.19% |
| Weight fell | ICICI Bank Ltd. | 8.66% to 8.29% |
The ten largest holdings account for 47.58% of the portfolio. ICICI Bank Ltd. is the largest holding at 8.29%. Since 31 August 2026, the weight of Kotak Mahindra Bank Ltd. rose to 4.60%, while the weight of Britannia Industries Ltd. fell to 0.07%.
Objective
The scheme states its objective as follows.
To provide investors with opportunities for long-term growth in capital through an active management of investments in a diversified basket of large cap equity stocks (as specified by SEBI/AMFI from time to time).
Fund managers
| Name | Role | Experience |
|---|---|---|
| Saurabh Pant | 4 years |
SBI Large Cap Fund: FAQs
What would ₹10,000 in the SBI Large Cap Fund be worth today?
₹10,000 put into the Direct Growth plan on 3 November 2023 would have been worth ₹13,302 on 3 November 2026. This is what happened over those three years, not a forecast.
What is the return of the SBI Large Cap Fund?
The Direct Growth plan returned −3.04% over one year to 3 November 2026, higher than the category average of −3.58%. Over three years it returned 9.97% a year.
What is the expense ratio of the SBI Large Cap Fund?
The expense ratio of the Direct plan is 0.90%; the average for 35 Direct plans in the category is 1.15%.
How large is the SBI Large Cap Fund?
Its assets were ₹52,373 crore at 30 September 2026.
What are the top holdings of the SBI Large Cap Fund?
At 30 September 2026 the largest holdings were ICICI Bank Ltd. (8.29%), HDFC Bank Ltd. (8.19%), Larsen & Toubro Ltd. (5.31%). The top ten made up 47.58% of the fund.
Who manages the SBI Large Cap Fund?
The fund is managed by Saurabh Pant.
What is the minimum investment in the SBI Large Cap Fund?
The minimum investment is ₹5,000. The minimum is ₹500.
What is the exit load of the SBI Large Cap Fund?
The scheme states its exit load as: 0.25% on or before 30D, 0.10% after 30D but before 90D, Nil after 90D
What is the benchmark of the SBI Large Cap Fund?
The scheme’s benchmark is the BSE 100 – TRI.
NAV, expense and portfolio data: Accord Fintech. Calculations: ThePip. For information only; not investment advice.