Many investors want their money to grow steadily but often hesitate to pick individual stocks due to the risks and time involved. What if there was a way to invest in companies that have already proven their strength, consistently performing well and leading their industries?
The SBI Large Cap Fund (previously SBI Bluechip Mutual Fund, renamed effective June 30, 2025, to conform with regulatory standards and better reflect its focus on large-cap equities) provides this opportunity.
It pools money from multiple investors and invests in a carefully selected portfolio of top-performing, financially strong companies. The aim is to combine growth potential with a level of stability that individual stocks may not offer.
This fund primarily focuses on bluechip companies with a long track record of strong performance. In this guide, we will explore how the SBI Large Cap Fund works, its risk profile, historical returns, and why it could be a suitable option for NRIs looking for long-term wealth creation.
What is SBI Large Cap Fund?
The SBI Large Cap Fund (renamed from SBI Bluechip Mutual Fund effective June 30, 2025) is an open-ended large-cap equity mutual fund that focuses on investing in financially strong, well-established companies with a proven track record of stability and growth. Its primary objective is long-term capital appreciation, offering investors the opportunity to participate in India’s leading companies without the need to pick individual stocks.
As an open-ended scheme, investors can buy or redeem units on any business day at the current Net Asset Value (NAV). An exit load may apply for redemptions made within a specified period, discouraging short-term trading and encouraging a long-term investment approach.
Key Features:
- Exposure to India’s largest and most stable companies
- Diversified across sectors to manage risk
- Professionally managed portfolio by experienced fund managers
- Minimum investment starts at ₹500, making it accessible for NRIs
- Long-term horizon (5+ years) recommended for best results
Pro Tip : For NRIs, investing through NRE accounts allows repatriation of funds, making it easier to manage returns back in your resident country.
Investment Criteria
| Criteria | Value |
| Min Lumpsum | ₹5,000 & in multiples of 1 |
| Min Add Lumpsum | ₹1,000 & in multiples of 1 |
| Min SIP Amount | ₹500 |
Fund Management and Objectives
The SBI Large Cap Fund (previously SBI Bluechip Mutual Fund) was launched on January 1, 2013, and since then, it has steadily grown to become a popular choice among investors. Moreover, it appeals to those seeking long-term stability and growth in India’s equity market.
The fund is managed by Mr. Saurabh Pant, a seasoned professional with over 16 years of experience in capital markets. His expertise lies in identifying strong, fundamentally sound companies that have the potential to deliver consistent returns over the long term.
Fund Strategy
The fund follows a structured and disciplined investment approach:
- Large-Cap Focus: At least 80% of the corpus is invested in large-cap equities. These are well-established companies with strong market positions, which reduces the risk compared to mid- or small-cap stocks.
- Flexible Allocation: Up to 20% can be invested in other equities, debt, or money market instruments, giving the fund flexibility to adapt to changing market conditions.
- Quality Stock Selection: The fund emphasizes industry leaders with robust fundamentals, including strong financials, sound management, and competitive advantages.
- Benchmarking: Fund performance is measured against the Nifty 50 Index, providing a clear perspective on its growth relative to India’s top companies.
Why This Matters for NRIs
For NRIs, investing directly in Indian equities can be complex due to market volatility and stock selection challenges. The SBI Large Cap Fund offers a professionally managed alternative, allowing NRIs to participate in the growth of India’s most stable companies without having to select individual stocks themselves.
Moreover, the focus on large-cap and bluechip stocks ensures that your investments are placed in financially strong, market-leading companies. As a result, they can withstand economic fluctuations more effectively.
In short, this fund is designed for NRIs who are looking for:
- Consistent long-term growth
- Reduced stock-picking risk
- Exposure to India’s most stable and well-managed companies
Educational Note: Large-cap companies, often called bluechip companies, typically have strong corporate governance, stable earnings, and long-term growth potential.
Key Metrics (as of Sep 16, 2025)
| Metric | Value |
| NAV | ₹103.19 |
| 1-Year Return | 0.80% |
| 3-Year Return | 49.39% |
| 5-Year Return | 513.10% |
| Total AUM | ₹52,420.61 Cr |
| P/E Ratio | 28.46 |
| P/B Ratio | 4.6 |
The fund has consistently delivered long-term returns, making it a preferred option for NRIs seeking equity exposure with lower volatility.
Updated Performance & Expense Info (as of 31 Aug 2025)
- Expense Ratio: 0.80%
- Exit Load: 0.25% within 30 days; 0.10% within 90 days
| Period | Fund Returns | Category Average | Rank in Category |
| 1 Year | 0.80% | -2.60% | 44 |
| 3 Years | 14.30% | 13.80% | 22 |
| 5 Years | 19.70% | 18.60% | – |
| Since Inception / All | 15.30% | – | 7 |
Investment Allocation
| Asset Type | Allocation |
| Equity | 96.89% |
| Debt | 0.89% |
| Cash & Cash Equivalents | 2.22% |
Market Cap Composition
- Giant Companies: 68.31%
- Large Companies: 21.60%
- Mid Companies: 10.10%
Total Market Capitalization: ₹3,46,648 Cr
Pro Tip: By combining lump sum and SIP investments, NRIs can both seize market opportunities and, at the same time, manage short-term volatility.
Sector-wise Holdings
| Sector | Allocation | Key Companies |
| Financials | 29.43% | HDFC Bank, ICICI Bank, Kotak Bank |
| Consumer Discretionary | 15.69% | ITC, Eicher Motors |
| Technology | 12.50% | Infosys, TCS |
| Consumer Staples | 10.78% | ITC, Hindustan Unilever |
All Holdings of the Fund
Here’s a detailed breakdown of the top holdings along with their respective percentage and market value:
| Company Name | % Holding | Market Value (₹ Cr) |
| HDFC Bank Ltd. | 9.57% | 5,016.65 |
| ICICI Bank Ltd. | 8.02% | 4,204.13 |
| Reliance Industries Ltd. | 7.89% | 4,135.99 |
| Larsen & Toubro Ltd. | 5.20% | 2,725.87 |
| Kotak Mahindra Bank Ltd. | 4.36% | 2,285.54 |
| Infosys Ltd. | 4.10% | 2,149.24 |
| Divi’s Laboratories Ltd. | 3.46% | 1,813.75 |
| Britannia Industries Ltd. | 3.24% | 1,698.43 |
| Axis Bank Ltd. | 3.14% | 1,646.01 |
| Eicher Motors Ltd. | 3.14% | 1,646.01 |
| State Bank of India | 2.97% | 1,556.89 |
| Bharti Airtel Ltd. | 2.91% | 1,525.44 |
| Page Industries Ltd. | 2.81% | 1,473.02 |
| Cholamandalam Investment & Finance Co Ltd. | 2.76% | 1,446.81 |
| ITC Ltd. | 2.48% | 1,300.03 |
| HDFC Life Insurance Co Ltd. | 2.40% | 1,258.09 |
| Shree Cement Ltd. | 2.15% | 1,127.04 |
| Hindustan Unilever Ltd. | 2.06% | 1,079.86 |
| Tata Consultancy Services Ltd. | 1.92% | 1,006.48 |
| Samvardhana Motherson International Ltd. | 1.90% | 995.99 |
| Eternal Ltd. | 1.87% | 980.27 |
| Sun Pharmaceutical Industries Ltd. | 1.51% | 791.55 |
| Others | 1.43% | 749.61 |
| Mankind Pharma Ltd. | 1.33% | 697.19 |
| Hindalco Industries Ltd. | 1.33% | 697.19 |
| Tech Mahindra Ltd. | 1.14% | 597.59 |
| Vedanta Ltd. | 1.14% | 597.59 |
| DLF Ltd. | 1.13% | 592.35 |
| Avenue Supermarts Ltd. | 1.13% | 592.35 |
| Thermax Ltd. | 1.12% | 587.11 |
| GAIL (India) Ltd. | 1.05% | 550.42 |
| Schaeffler India Ltd. | 1.05% | 550.42 |
| Sona BLW Precision Forgings Ltd. | 1.04% | 545.17 |
| ICICI Prudential Life Insurance Co Ltd. | 0.93% | 487.51 |
| Asian Paints Ltd. | 0.89% | 466.54 |
| Reserve Bank of India | 0.89% | 466.54 |
| PI Industries Ltd. | 0.83% | 435.09 |
| ICICI Lombard General Insurance Co Ltd. | 0.74% | 387.91 |
| Tube Investments Of India Ltd. | 0.72% | 377.43 |
| SKF India Ltd. | 0.71% | 372.19 |
| Tata Steel Ltd. | 0.62% | 325.01 |
| Motherson Sumi Wiring India Ltd. | 0.49% | 256.86 |
| Brainbees Solutions Ltd. | 0.41% | 214.92 |
Risk and Volatility
While the fund invests in large-cap stocks, it is classified as Very High Risk due to market exposure.
| Metric | Value | Insight |
| Mean Return | 13.60% | Average returns over time |
| Standard Deviation | 11.98% | Moderate volatility |
| Sharpe Ratio | 0.64 | Risk-adjusted performance |
| Sortino Ratio | 1.38 | Downside risk management |
| Beta | 0.89 | Moves slightly less than market |
| Alpha | 0.48 | Outperformed benchmark after risk adjustment |
Large Cap Fund vs Other Bluechip Funds (2025)
| Feature / Metric | Large Cap Fund | HDFC Top 100 Fund |
| Category | Large Cap Equity | Large Cap Equity |
| Fund Launch | 2013 | 2013 |
| Fund Manager | Saurabh Pant | Gopal Agrawal |
| AUM (₹ Cr) (Sep 2025) | 52,420 | 43,980 |
| NAV (₹) (Sep 2025) | 103.19 | 860.22 |
| 1-Year Return | 0.80% | -0.50% |
| 3-Year Annualized Return | 14.30% | 12.50% |
| 5-Year Annualized Return | 19.70% | 17.80% |
| Expense Ratio | 0.80% | 0.90% |
| Top Holdings | HDFC Bank, ICICI Bank, Reliance | Reliance, HDFC Bank, L&T |
| Risk (Std. Deviation) | Moderate (11.98%) | Higher (12.78%) |
| Sharpe Ratio | 0.64 | 0.55 |
| Best Suited For | NRIs & long-term investors seeking stable growth | Investors comfortable with volatility for growth |
Compounded Annualized Growth Rate (CAGR) Performance
| Fund / Benchmark | 1Y | 3Y | 5Y | Since Inception |
| SBI Large Cap Fund | -1.26% | 13.10% | 18.38% | 11.94% |
| Scheme Benchmark: BSE 100 TRI | -3.16% | 13.40% | 18.93% | 12.89% |
| Additional Benchmark: BSE Sensex TRI | -1.95% | 11.65% | 17.05% | 12.67% |
Current Value of Standard Investment of ₹10,000
| Fund / Benchmark | 1Y | 3Y | 5Y | Since Inception |
| SBI Large Cap Fund | ₹9,874 | ₹14,477 | ₹23,262 | ₹90,722 |
| Scheme Benchmark: BSE 100 TRI | ₹9,684 | ₹14,583 | ₹23,778 | ₹1,07,063 |
| Additional Benchmark: BSE Sensex TRI | ₹9,805 | ₹13,917 | ₹21,958 | ₹1,03,016 |
How NRIs Can Invest in SBI Large Cap Fund
Investing in the SBI Large Cap Fund is simple and fully digital for NRIs using the SB NRI App.
So, you can either make a Lump Sum Investment for one-time contributions or, alternatively, opt for a Systematic Investment Plan (SIP) to ensure regular, automated investments.
1. Lump Sum Investment via SB NRI App
Follow these steps to make a one-time investment:
- Download & Onboard: Install the SB NRI App and complete the sign-up process.
- Select the Fund: Navigate to Mutual Funds → and choose SBI Large Cap Fund
- Enter Investment Amount: Select One-time and specify the amount you wish to invest.
- Complete Payment: Make the payment via your linked account.
- Units Allotted: Investment units are credited to your mutual fund account within T+2 days.
Bonus Tip: You can invest via NRE or NRO Account
Tip: You can get personalized guidance from a dedicated wealth manager through the SB NRI App to align your investments with your financial goals.
2. Systematic Investment Plan (SIP) via SB NRI App
Invest regularly with ease through a Daily/Monthly SIP:
- Open the SIP section in the SB NRI App.
- Select SBI Large Cap Fund
- Set Up Auto-Debit: Create a Mandate ID for automatic monthly debits from your account.
- Choose Amount & Frequency: Enter your SIP amount, select the frequency, and duration. Approve the setup via email link.
- Automated Investment: SIP installments are debited automatically each month, helping you invest consistently and benefit from rupee cost averaging.
Also read our guide: Best Thematic Mutual Funds 2025: Complete List & Insights.
Benefits of SBI Large Cap Fund for NRIs
- Stability: Less volatile compared to mid-cap and small-cap funds
- Professional Management: Fund managers actively select and monitor stocks
- Liquidity: Easy to buy or sell units without impacting prices significantly
- Long-Term Growth: Suitable for wealth creation over 5+ years
- Diversification: Exposure to multiple sectors and leading companies in India
Is SBI Large Cap Fund Right for NRIs?
This fund is ideal for NRIs who:
- Seek long-term capital growth in India
- Are comfortable with moderate to high risk for potential higher returns
- Prefer exposure to India’s largest companies without managing individual stocks
Taxation for NRIs
For NRIs, understanding taxation is crucial before investing in mutual funds. Short-term capital gains, earned from selling units held for less than one year, are taxed at 15%. Long-term capital gains, from units held more than a year, are taxed at 10% without indexation. Dividends received from mutual funds are taxed at the investor’s applicable slab rate, but gains up to ₹1 lakh per year are exempt.
Note: NRIs may also face TDS (Tax Deducted at Source) on capital gains, and the rate can vary depending on your country’s tax treaty with India. Planning ahead can help optimize returns and minimize tax impact.
Conclusion for NRIs
In conclusion, the SBI Large Cap Fund offers NRIs a secure, professionally managed route to invest in India’s leading companies. By focusing on large-cap bluechip stocks, the fund provides long-term growth, stability, and simplified investment management.
Start your investment journey today by opening a free NRE/NRO Demat account and making a lump sum investment. You can also set up a monthly SIP to invest consistently, benefit from rupee cost averaging, and steadily grow a diversified, robust portfolio with exposure to India’s top companies.
Frequently Asked Questions
What is the minimum investment in SBI Large Cap Fund?
You can start with just ₹500 via SIP or a small lump sum, making it beginner-friendly.
Can NRIs invest in SBI Large Cap Fund?
Yes, NRIs can invest digitally using NRE/NRO accounts through the SB NRI app. Investments via NRE accounts are fully repatriable.
What is the risk level of SBI Large Cap Fund?
The fund is classified as Very High Risk since it invests in equities, but being large-cap focused, it is less volatile than mid- or small-cap funds.
Who manages the SBI Large Cap Fund?
The fund is managed by Mr. Saurabh Pant, who has over 16 years of experience in capital markets.
What is the Blue Chip Mutual Fund of SBI?
The SBI Large Cap Fund (formerly SBI Bluechip Mutual Fund) is a large-cap equity scheme that invests in top Indian companies with proven financial strength and stability. It aims to provide long-term capital growth by focusing on bluechip stocks.
Is SBI Large Cap Fund a good investment?
Yes, it is considered a good choice for long-term investors, including NRIs, who want exposure to India’s largest companies. While returns can fluctuate in the short term, it has delivered strong performance over 5+ years.
What is the return of SBI Large Cap Fund SIP?
SIP returns depend on the investment horizon. Over the last 5 years, the fund has delivered around 19.7% annualized returns, making SIPs an effective way to build wealth steadily.
Which large-cap fund is best?
The SBI Large Cap Fund is one of the top-performing large-cap funds in India. Other popular options include ICICI Prudential Bluechip Fund and HDFC Top 100 Fund. The “best” fund depends on your financial goals, risk profile, and investment horizon.
Is the SBI Large Cap Fund good?
Yes, it is a top-performing large-cap fund with consistent long-term returns and a focus on financially strong companies.
What is the interest rate of SBI Large Cap Fund?
Mutual funds do not have a fixed interest rate. Returns depend on market performance and historical CAGR, which has been around 19.7% annualized over 5 years.
What is the NAV of SBI Large Cap Mutual Fund today?
The NAV is ₹103.19 (as of Sep 16, 2025).
Which large-cap fund is better?
The best large-cap fund depends on your risk profile and goals. SBI Large Cap Fund is highly rated for stability and long-term growth, while others like HDFC Top 100 Fund or ICICI Prudential Bluechip Fund are also strong contenders.
