Large cap funds in India

35 live funds in the Large Cap category, ordered by 5-year return, highest first; Nippon India Large Cap Fund leads. Funds younger than five years follow by name. Returns are for the plan each fund's page leads with, Direct where the fund has one, to each fund's latest NAV, the newest of them on 27 Oct 2026; 3 and 5 year returns are a year, compounded.

Category median, 1 year
−7.79%Middle of 33 funds
Category median, 3 years
+9.98%Middle of 30 funds
Category median, 5 years
+7.54%Middle of 28 funds

Large Cap funds

Size is the average money the fund managed over its latest quarter. Cost is its yearly expense ratio.Filter them in the screener

NAV of 27 Oct 2026

Tax on large cap funds

Gains on units held over 12 months are taxed at 12.5% above ₹1.25 lakh a year; gains on units held 12 months or less at 20%.

Rules in force from 23 Jul 2024, checked 27 Oct 2026. Surcharge and cess are not included.

About large cap funds in India

Large cap funds in India are equity mutual funds that put at least 80% of their assets in large cap companies, the 100 largest listed companies by full market capitalisation. SEBI sets the category, and every fund in it follows the same rule.

What SEBI requires

A large cap fund must hold at least 80% of its total assets in equity and equity-related instruments of large cap companies. The remaining 20% may go into other shares, money market instruments, gold and silver instruments or InvITs (infrastructure trusts), within the fund's scheme document.

Full market capitalisation is a company's share price multiplied by all its shares, not only the free float (the shares that can trade freely).

Who counts as large cap

SEBI defines a large cap company as one ranked 1st to 100th by full market capitalisation. Ranks 101 to 250 are mid cap and the rest are small cap.

The Association of Mutual Funds in India (AMFI) publishes the ranked list every six months, using each company's average full market capitalisation over the six months to 30 Jun and 31 Dec. Funds use that list, so a company can move between categories when it is updated.

Rebalancing

After each update of the list, funds must rebalance within one month. When price moves alone push a fund below 80%, the breach is passive, meaning the fund house did not cause it, and the allocation must be restored within 30 business days. The investment committee can allow up to 60 more business days, with the deviation reported to the trustees; past that, the fund house cannot launch new schemes and the fund charges no exit load until it is fixed.

How large cap funds differ from neighbouring categories

Flexi cap funds have no fixed split across company sizes beyond a minimum of 65% in equity. Large and mid cap funds must hold at least 35% each in large cap and mid cap companies. A large cap fund's 80% floor keeps most of its holdings among the 100 biggest companies.

Index funds and ETFs follow an index such as the Nifty 50 mechanically, while a large cap fund is actively managed and compared against a benchmark.

What this page shows

The page lists every live fund in the category, ordered by 5-year return, highest first. Funds younger than five years follow, sorted by name. Each fund's return uses its lead plan, the Direct plan where one exists, measured to its latest NAV. The 3-year and 5-year returns are compounded annual figures.

Size is the average money the fund managed over its latest quarter, and Cost is the yearly expense ratio, the fee deducted from the fund's assets. The category medians use the same windows and Direct plans, each fund measured to its own latest NAV.