Bank of India Large Cap Fund
Direct · GrowthAI Summary
Bank of India Large Cap Fund has delivered consistent alpha over the NIFTY 50 across all measured periods, with the fund's CAGR beating the benchmark by 5.74% over 1Y, 5.74% over 3Y, and 3.30% over 5Y. On the primary SIP metric, its 3Y XIRR of 14.88% exceeds the category average of 13.98%, though the 5Y XIRR of 11.29% trails the category's 14.34%. The 1Y XIRR of 10.49% also comfortably outpaces the category average of 7.73%, indicating recent relative strength.
The fund shows a near-market beta of roughly 1.0 across periods, with downside capture consistently below 100% (90.12% over 1Y, 98.18% over 3Y), suggesting it loses slightly less than the index in falling markets. It has experienced 3 drawdown events exceeding 10%, with a lengthy 242-day max drawdown duration and a 384-day recovery period, indicating investors should expect extended recovery phases after corrections. Positive alpha across all windows (8.71% over 1Y down to 1.06% over 15Y) points to genuine risk-adjusted outperformance versus the benchmark.
The portfolio is heavily tilted toward financials, with Banks alone at 24.0% and Finance adding another 5.6%, led by HDFC Bank (6.98%), ICICI Bank (5.29%), and SBI (5.12%). With 51 total holdings and a top-10 concentration of roughly 42%, the fund is reasonably diversified at the stock level despite the sector concentration in banking. Exposure spans metals, pharma, IT, and healthcare, providing some balance to the dominant financial sector position.
The fund beats the category average SIP XIRR over 1Y (10.49% vs 7.73%) and 3Y (14.88% vs 13.98%), but underperforms over 5Y (11.29% vs 14.34%), suggesting its edge is more recent rather than long-standing. Calendar year returns show solid consistency in positive years, including 30.63% in 2023 and 14.12% in 2024, though 2026 is currently negative at -3.5%. The persistent positive alpha versus NIFTY 50 across 15 years indicates a durable active management edge even where category comparison is mixed.
This fund suits investors seeking large-cap core exposure with an active management overlay and tolerance for moderate drawdowns, given the 3 events exceeding 10% and long recovery cycles. A minimum horizon of 5-7 years is advisable to ride out drawdown periods and allow the alpha to compound, as seen in the improving long-term benchmark outperformance. Investors should be comfortable with a concentrated banking bet of nearly 30% including Finance, which can drive sector-specific volatility.
- Positive alpha versus NIFTY 50 across every measured period from 1Y (8.71%) to 15Y (1.06%), indicating consistent active outperformance
- Downside capture below 100% in all periods (e.g., 90.12% over 1Y, 95.36% over longer windows), cushioning losses in market declines
- 3Y SIP XIRR of 14.88% beats the category average of 13.98%, and 1Y XIRR of 10.49% far exceeds the category's 7.73%
- Heavy sector concentration in financials, with Banks at 24.0% plus Finance at 5.6%, exposing investors to banking-cycle risk
- 5Y SIP XIRR of 11.29% trails the category average of 14.34%, showing weaker medium-term SIP performance versus peers
- Extended drawdown characteristics, including a 242-day max drawdown duration and 384-day recovery, requiring patient investors
Generated on 31-10-2026, 2:18 AM. 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 | ₹12.51 L | 13.7% | -28.7% | 60.6% |
| 3 Years | ₹36.00 L | ₹44.01 L | 15.0% | 0.9% | 29.4% |
| 5 Years | ₹60.00 L | ₹79.58 L | 11.2% | 8.2% | 12.6% |
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 | 13.7% | 14.3% | 7.7% | -0.6% |
| 3 Years | 15.0% | 11.0% | 14.0% | +4.0% |
| 5 Years | 11.2% | 10.4% | 14.3% | +0.8% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 13.3% | 7.3% | -10.1% | 52.8% | 0.40 | 1.26 | 74% | — | — |
| 3 Years | 15.8% | 15.9% | 10.0% | 21.9% | 3.64 | — | 100% | — | — |
| 5 Years | 10.3% | 10.4% | 7.7% | 12.3% | 2.47 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +7.14 | 0.97 | 100.0% | 90.9% | 1.1% | -6.4% |
| 3 Years | +5.11 | 1.04 | 104.4% | 98.3% | 12.4% | 7.3% |
| 5 Years | +3.10 | 1.00 | 100.2% | 96.3% | 8.9% | 5.8% |
| 7 Years | +2.24 | 1.00 | 99.2% | 95.4% | 8.4% | 6.2% |
| 10 Years | +1.53 | 1.00 | 99.2% | 95.4% | 5.8% | 4.3% |
| 12 Years | +1.26 | 1.00 | 99.2% | 95.4% | 4.8% | 3.6% |
| 15 Years | +0.98 | 1.00 | 99.2% | 95.4% | 3.9% | 2.9% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | HDFC Bank Limited | 7.19% |
| 2 | ICICI Bank Limited | 5.79% |
| 3 | State Bank of India | 4.60% |
| 4 | Adani Ports and Special Economic Zone Limited | 4.55% |
| 5 | ICICI Prudential Asset Management Company Limited | 3.52% |
| 6 | Larsen & Toubro Limited | 3.46% |
| 7 | Reliance Industries Limited | 3.20% |
| 8 | Tech Mahindra Limited | 3.04% |
| 9 | Quality Power Electrical Eqp Ltd | 2.84% |
| 10 | Shriram Finance Limited | 2.82% |