Bandhan Large Cap Fund: Consistent Returns over the Long Term

As per Securities and Exchange Board of India, the top 100 companies by market capitalisation are classified as large caps and large cap funds need to invest atleast 80% of their assets in large cap companies. Thus large-cap funds primarily invest in well-established, financially strong companies which are typically industry leaders with proven business models, stable earnings, and strong corporate governance.

Why should you invest in large-cap funds?

• Lower downside risks compared to midcaps and small caps: The chart below shows the major market drawdowns in the last 20 years. You can see that large caps had relatively lower drawdowns as compared to mid and small caps.
  
  

  

  Source: NSE, as of 31^st March 2026



• Less volatile compared to smaller companies: The chart below shows the three-year rolling returns of large cap, midcap and small cap indices over the last 20 years. You can see that large caps were able to provide a more stable investment with lower volatility.
  
  

  

  Source: Advisorkhoj Research, as on 31^st March 2026



• Wealth creation potential: The chart below shows the growth of Rs 10,000 investment in Bandhan Large Cap Fund since its inception nearly 20 years back. The CAGR return of the large cap fund was ~11%.
  
  

  

  Source: Advisorkhoj Research as on 23^rd April 2026



• Valuations have moderated: Markets have been volatile for the past 18 months. FII sell-offs, relatively higher valuations, US trade policies, armed conflicts in the Middle East (e.g. 12 day Israel Iran War in June 2025 and ongoing US Iran War in 2026) and surging crude oil prices have been driving volatility. Ongoing volatility have brought down valuations in the large cap.
  
  

  

  Source: NSE, as of 31^st March 2026

Bandhan Large Cap Fund wealth creation track record

SIP of Rs 10,000/- in Bandhan Large Cap Fund since its inception would have grown to a corpus of Rs 82.57 lakhs (see chart below) against a cumulative investment of Rs 23.9 lakhs at an XIRR of 11.3%.

Source: Advisorkhoj Research as on 23^rd April 2026

Consistent upper-quartile fund performance

Though the performance of the fund may have been a bit inconsistent at times in the past, the performance consistency has improved substantially in the last 5 years - 4 times in the top 2 quartiles in the last 5 years.

Source: Advisorkhoj Research as on 23^rd April 2026

Consistently outperformed peer average across market conditions

The chart below shows the three-year rolling returns (i.e. returns over 3-year investment tenures) of Bandhan Large Cap Fund versus the large cap category average since 2019 (1^st January 2019). You can see that the fund was able to outperform the category average with a high degree of consistency across different market conditions. A very impressive statistic of the fund is that the fund gave 15%+ CAGR returns in more than 59% of the instances in the last 5 years period. The large cap category could give 15%+ CAGR in only 40% of the instances in the same period.

Source: Advisorkhoj Research as on 23^rd April 2026

Smaller drawdowns compared to the market index

The chart below shows some of the largest market drawdowns since the inception of the fund. You can see that the Bandhan Large Cap Fund was able to limit the downside for its investors.

Source: Advisorkhoj Research as on 31^st March 2026

Superior Risk Adjusted returns

Market rallies and crashes are both realities of equity investing. A mutual fund scheme which outperforms both in up markets and down markets is likely to give superior risk-adjusted returns and outperform other funds in the long term. The Up-Market Capture Ratio of the Bandhan Large Cap Fund in the last three years was 107% while the Down-Market Capture Ratio was 98% (source: Advisorkhoj Research, as on 31^st March 2026), proving that the fund outperformed the benchmark when the markets were up and also limited the downside when markets crashed.

Bandhan Large Cap Fund - B-M-V Investment Philosophy

Bandhan Large Cap Fund - Stock Selection Criteria

Current portfolio positioning

Source: Fund Factsheet as on 31^st March 2026

Who should invest in the Bandhan Large Cap Fund?

• Investors who are looking for capital appreciation with a long-term investment horizon.


• Those who are looking to build their core portfolio with large-cap stocks.


• Those who have an investment horizon of more than 3 years.


• The fund is suitable for first-time or new investors
• You can invest in this fund either in lump sum or SIP depending on your financial situation or investment needs

Investors should consult with their financial advisors or mutual fund distributors if Bandhan Large Cap Fund is suitable for their investment needs.