The large-cap fund has offered a return of 17.02% since inception. In the last 15 and 10 years, the scheme has offered returns of 14.76% and 14.36%, respectively. The scheme is benchmarked against the NIFTY 100 – TRI, which has offered returns of 13.63% and 13.96% in the last 15 and 10 years, respectively.
In other words, the fund has managed to outperform its benchmark over both the long- and short-term horizon.
Source: ACE MFRead also | Large-, mid-, and small-cap stocks that mutual funds bought and sold in August
A monthly SIP of Rs 10,000 made in the fund since its inception would have turned into Rs 1.33 crore at an initial rate of return of 15.14%. Over the last 10 years, the value of a monthly SIP of Rs 10,000 would have been Rs 29.52 lakhs at an initial rate of return of 17.29%.
If an investor had invested a lump sum of Rs 1 lakh in the fund at the time of inception, it would have been Rs 23.10 lakh at a CAGR of 17.02%. The value of this Rs 1 lakh over the past 10 years would have been Rs 3.83 lakh at a CAGR of 14.37%.
Based on annual returns over the past 10 years, the scheme has outperformed its benchmark six times. The fund has outperformed its benchmark in 2014, 2015, 2017, 2019, 2020 and 2023.
In the last 10 years, the scheme has given negative returns in 2016 and 2018. In 2016, the fund lost 5.50% and in 2018, it lost around 3.97%.
Read also | Nifty hits all-time highs: 5 things investors should do now according to a 10-year study by Capitalmind
Among the top 10 equity holdings, the fund had the largest stake in ICICI Bank at around 6.28%. The stake in Reliance Industries was 5.95%, followed by HDFC Bank with a stake of 5.87%.
Baroda BNP Paribas Large Cap Fund (formerly known as BNP Paribas Large Cap Fund) has around 51 stocks in its portfolio. The fund is managed by Jitendra Sriram and Miten Vora.
The investment objective of the Plan is to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity-related securities investing predominantly in large market capitalization companies.
An exit charge of 1% of the relevant net asset value will apply if units of the scheme are redeemed or exchanged within 30 days of the date of allotment. The exit charge will be void if units of the scheme are redeemed or exchanged after 30 days of allotment.
The minimum amount for a lump sum investment is Rs 5,000 and thereafter in multiples of Rs 1. For a daily, weekly or monthly SIP investment, the minimum amount is Rs 500 and thereafter in multiples of Rs 1.
The scheme invests 80-100% in equity and equity-related instruments of large-cap companies, 0-20% in equity and equity-related instruments of non-large-cap companies, debt instruments and money market instruments (including cash and call money), and 0-10% in units issued by REITs and InvITs.
The scheme is suitable for investors seeking long-term wealth creation and seeking investments in diversified and actively managed portfolios of stocks and equity-related securities with a bias towards large-cap companies.
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