Bank of India Large and Mid Cap Fund
Direct · GrowthAI Summary
The fund has delivered strong long-term SIP XIRR of 14.42% over 3 years, 14.40% over 5 years, and 15.32% over 10 years, though these trail the category average SIP XIRR of 17.73%, 17.26%, and 16.75% respectively. Against the NIFTY 50, it has generated consistent positive alpha across all periods, including 8.07% over 3 years and 5.44% over 5 years, with lump-sum CAGRs well ahead of the benchmark. The 1-year XIRR of 17.34% also edges past the category average of 16.54%.
The fund shows a defensive risk profile with a beta of roughly 0.91 across most periods and consistently lower downside capture (83.67% to 96.74%) than upside capture versus the NIFTY 50, indicating it falls less than the market in downturns. It has experienced 7 drawdown events greater than 10%, with the maximum drawdown taking 805 days to recover fully in 240 days, which is a lengthy recovery period. Calmar ratios between 0.35 and 0.44 across horizons suggest moderate risk-adjusted efficiency rather than exceptional downside protection.
The 50-stock portfolio is reasonably diversified, with the top holding Reliance Industries at 6.68% and HDFC Bank at 4.97%, keeping single-stock concentration modest. Banks dominate at 16.3% of the portfolio, followed by Pharmaceuticals at 11.2%, with meaningful exposure to Petroleum, IT, and Retailing. The presence of mid-cap-oriented names like FSN E-Commerce (Nykaa) and Lloyds Metals alongside large-cap financials reflects the fund's large and mid-cap mandate.
While the fund beats its benchmark consistently, its SIP XIRR lags the category average across the 3-year (14.42% vs 17.73%), 5-year (14.40% vs 17.26%), and 10-year (15.32% vs 16.75%) horizons, placing it in the middle of the pack among Large & Mid Cap peers. Its calendar year returns show strong upside years such as 43.47% in 2017 and 34.37% in 2021, but also a sharp -13.94% in 2018. The consistency of positive alpha over 7, 10, 12, and 15-year periods demonstrates durable long-term stock selection.
This fund suits investors seeking a blend of large-cap stability and mid-cap growth within a single equity allocation, with a recommended horizon of at least 5-7 years to ride out drawdowns like the 805-day maximum recovery period. It is appropriate for investors with moderate-to-high risk tolerance who value downside protection, given its below-market beta and downside capture. SIP investors should note that while returns are solid, several category peers have delivered higher SIP XIRR over medium-term horizons.
- Consistent positive alpha versus NIFTY 50 across all measured periods, including 8.07% over 3 years and 6.70% over 7 years
- Below-market beta of around 0.91 and downside capture as low as 83.67%, offering better downside resilience than the benchmark
- Diversified 50-stock portfolio with modest single-stock concentration, the largest holding at just 6.68% of NAV
- SIP XIRR trails the category average across the 3-year, 5-year, 7-year, 10-year, and 12-year horizons, underperforming most peers
- A high expense ratio of 1.72% and a lengthy 805-day maximum drawdown duration with 7 drawdown events exceeding 10%
Generated on 06-09-2026, 8:04 PM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.79 L | 17.3% | -50.1% | 71.3% |
| 3 Years | ₹36.00 L | ₹44.41 L | 14.4% | -20.4% | 36.7% |
| 5 Years | ₹60.00 L | ₹87.60 L | 14.4% | -8.3% | 28.7% |
| 7 Years | ₹84.00 L | ₹1.43 Cr | 14.7% | -2.1% | 23.1% |
| 10 Years | ₹1.20 Cr | ₹2.66 Cr | 15.3% | 11.7% | 18.9% |
| 12 Years | ₹1.44 Cr | ₹3.65 Cr | 14.7% | 12.9% | 17.1% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 17.3% | 14.4% | 16.5% | +3.0% |
| 3 Years | 14.4% | 11.1% | 17.7% | +3.3% |
| 5 Years | 14.4% | 10.4% | 17.3% | +4.0% |
| 7 Years | 14.7% | 10.6% | 16.6% | +4.1% |
| 10 Years | 15.3% | 11.5% | 16.8% | +3.9% |
| 12 Years | 14.7% | 11.4% | 16.5% | +3.4% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 16.5% | 13.4% | -24.9% | 81.0% | 0.50 | 1.39 | 80% | — | — |
| 3 Years | 14.5% | 15.3% | -5.7% | 31.6% | 1.21 | 4.55 | 97% | — | — |
| 5 Years | 14.1% | 13.8% | -1.7% | 28.1% | 1.33 | 8.81 | 100% | — | — |
| 10 Years | 14.2% | 14.2% | 10.7% | 16.5% | 7.17 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +11.56 | 0.91 | 99.9% | 83.7% | 9.5% | -2.9% |
| 3 Years | +8.07 | 1.03 | 106.8% | 96.7% | 15.9% | 7.8% |
| 5 Years | +5.44 | 0.98 | 98.8% | 91.8% | 13.2% | 7.8% |
| 7 Years | +6.70 | 0.89 | 93.2% | 86.0% | 17.9% | 11.8% |
| 10 Years | +3.30 | 0.91 | 93.6% | 89.4% | 13.7% | 10.8% |
| 12 Years | +3.32 | 0.91 | 93.1% | 88.7% | 12.8% | 9.8% |
| 15 Years | +3.12 | 0.91 | 93.4% | 89.1% | 12.5% | 9.7% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Reliance Industries Limited | 6.68% |
| 2 | HDFC Bank Limited | 4.97% |
| 3 | Larsen & Toubro Limited | 4.26% |
| 4 | Kotak Mahindra Bank Limited | 3.90% |
| 5 | FSN E-Commerce Ventures Limited | 3.59% |
| 6 | Aurobindo Pharma Limited | 3.50% |
| 7 | Lloyds Metals And Energy Limited | 3.27% |
| 8 | ICICI Lombard General Insurance Company Limited | 3.11% |
| 9 | Tata Consultancy Services Limited | 2.87% |
| 10 | State Bank of India | 2.69% |