Out of the 31 schemes in the large-cap category, only four have outperformed their respective benchmark indices; either Nifty 100 TRI or S&P BSE 100 TRI. The Securities and Exchange Board of India’s 2018 category recategorisation rule may have made large-cap funds truer to label and benchmark against Total Returns Index (TRI) has made the life tougher for large-cap funds. Expense ratios further squeeze their performances. That is why a large-cap fund constructs its top 10 portfolio Typically, these constitute about 50-60 percent of the overall portfolio. Let's take a look at the top 10 stock holdings of those large-cap funds that outperformed the benchmarks in 2022 and compare them with the weightage in their respective indices. Portfolio data as of November 30, 2022. [Source: ACEMF]
2/5
Nippon India Large Cap Fund YTD return of the scheme: 8.6% YTD return of the benchmark (S&P BSE 100 – TRI): 4% Fund manager: Sailesh Raj Bhan AUM: Rs 12,922 crore Allocation to top-10 holdings: 55% Break-up of large-cap, mid-cap, small-cap and cash in the portfolio: 85:9:5:1 Sample of mid and smallcap stocks in the portfolio: 3M India, ABB India, Ashok Leyland, Chalet Hotels and EIH
3/5
HDFC Top 100 Fund YTD return of the scheme: 8.5% YTD return of the benchmark (Nifty 100 TRI): 2.8% Fund manager: Rahul Baijal AUM: Rs 23,453 crore Allocation to top-10 holdings: 56% Break-up of large-cap, mid-cap, small-cap and cash in the portfolio: 87:7:0:6 Sample of mid and smallcap stocks in the portfolio: ABB India, Aurobindo Pharma, Container Corporation Of India, Hindustan Petroleum Corporation and Lupin
4/5
ICICI Prudential Bluechip Fund YTD return of the scheme: 5% YTD return of the benchmark (Nifty 100 TRI): 2.8% Fund manager: Vaibhav Dusad AUM: Rs 35,929 crore Allocation to top-10 holdings: 58% Break-up of large-cap, mid-cap, small-cap and cash in the portfolio: 83:8:1:8 Sample of mid and smallcap stocks in the portfolio: Alkem Laboratories, Bharat Forge, Biocon, Cummins India and Gujarat Pipavav Port
Indiabulls Blue Chip Fund YTD return of the scheme: 2.83% YTD return of the benchmark (Nifty 100 TRI): 2.8% Fund manager: Sumit Bhatnagar AUM: Rs 103 crore Allocation to top-10 holdings: 59% Break-up of large-cap, mid-cap, small-cap and cash in the portfolio: 87:7:2:4 Sample of mid and smallcap stocks in the portfolio: Bata India, Container Corporation Of India, IDBI Bank and Birla Corporation
