Large-cap mutual fund performance: 1, 3 & 5-year returns of HDFC, ICICI Pru, Mirae, Nippon and SBI MF

Large-cap mutual funds remain a core component of long-term equity portfolios, offering relatively stable returns by investing in established market leaders.

A comparison of key large-cap schemes from HDFC Mutual Fund, ICICI Prudential MF, Mirae Asset MF, Nippon India MF and SBI MF shows varied performance across 1-year, 3-year and 5-year periods, with several funds outperforming their respective benchmarks over longer horizons.

Before reading further, please note that this is just for informational purposes only and not intended to recommend any of the schemes mentioned below.

The data has been sourced from the ACE MF website, and the returns are as of 2 January 2026.

Performance comparison of large‑cap mutual funds

Key Observations

• Nippon India Large Cap Fund emerged as the strongest performer over the 3-year and 5-year periods, significantly outperforming its BSE 100 TRI benchmark.
• ICICI Prudential Large Cap Fund delivered consistent outperformance across 1, 3 and 5 years, backed by strong exposure to banking, infrastructure and telecom stocks.
• HDFC Large Cap Fund, one of the oldest schemes in the category, has generated steady long-term returns and outperformed the NIFTY 100 TRI over 3 and 5 years.
• Mirae Asset Large Cap Fund showed near-benchmark performance over 1 year but lagged over longer periods.
• SBI Large Cap Fund delivered marginally better returns than its benchmark across most time frames.

Across these funds, HDFC Bank, ICICI Bank, Reliance Industries, Infosys and Larsen & Toubro feature prominently among top holdings, highlighting the sectoral dominance of banking, IT and infrastructure in large-cap portfolios.