Parag Parikh Large Cap Fund
Direct · GrowthAI Summary
Parag Parikh Large Cap Fund has modestly outperformed the NIFTY 50 across all periods from 1Y through 15Y, with fund CAGR exceeding the benchmark by 2.25% (1Y) to 0.16% (15Y). Positive alpha is visible at every horizon, though it declines with longer windows, suggesting a consistent but incremental edge. SIP XIRR data is not available for this fund, so like-for-like comparison with the category averages (13.82%–14.33% over longer periods) cannot be made.
The fund has a beta of 1.0 to NIFTY 50, moving in line with market volatility, while a downside capture of 97.07% versus upside capture of 100.9% indicates favorable asymmetry. The maximum drawdown was only -0.13814% with a 47-day duration and just 1 drawdown event exceeding 10%, indicating unusually shallow observed losses in this data window. However, recovery days from max drawdown are reported as none, which warrants monitoring.
The portfolio holds 100 stocks with a concentrated top-10 book, led by HDFC Bank (8.36%), ICICI Bank (7.3%), and Reliance Industries (6.18%). Banks dominate at 25% of NAV, with petroleum products (7%), IT software (6.7%), and automobiles (6.3%) providing meaningful balance. This is characteristic of a traditional large-cap index-tilted portfolio with moderate single-stock risk.
Against the category average SIP XIRR of 14% to 14.3%, this fund's direct-plan TER of just 0.15% is a distinct cost advantage that supports net returns. The steady positive alpha across 1Y through 15Y (2.25% down to 0.16%) suggests consistent large-cap outperformance rather than a one-period spike. Absolute returns are negative in this dataset (1Y CAGR of -8.63%), implying a broad market decline during the measured periods.
This fund suits investors seeking core large-cap exposure with a low-cost, benchmark-plus return profile and moderate tolerance for market-linked volatility. A time horizon of at least 5 to 7 years is appropriate, given the fund's alpha is demonstrated over extended windows. Investors should be comfortable with 25% banking-sector concentration and short-term negative returns in weak markets.
- Positive alpha over the NIFTY 50 at every measured horizon, from 2.25% (1Y) to 0.16% (15Y)
- Low downside capture of 97.07% combined with upside capture of 100.9%, showing better-than-market behavior in falling markets
- Very low expense ratio of 0.15% (Direct plan) plus 100-stock diversification limiting single-stock risk
- Heavy banking-sector concentration at 25% of NAV exposes the fund to sector-specific stress
- Negative absolute CAGRs across all periods (e.g., -8.63% over 1Y) and no recovery reported from max drawdown indicate a prolonged weak return environment
Generated on 05-11-2026, 3:03 AM. Verify before investing.
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.
Not enough data to compute SIP returns.
Not enough data to compute rolling returns.
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +1.92 | 0.99 | 100.1% | 97.1% | -1.3% | -3.2% |
| 3 Years | +0.61 | 0.99 | 100.1% | 97.1% | -0.4% | -1.1% |
| 5 Years | +0.35 | 0.99 | 100.1% | 97.1% | -0.3% | -0.7% |
| 7 Years | +0.24 | 0.99 | 100.1% | 97.1% | -0.2% | -0.5% |
| 10 Years | +0.15 | 0.99 | 100.1% | 97.1% | -0.1% | -0.3% |
| 12 Years | +0.12 | 0.99 | 100.1% | 97.1% | -0.1% | -0.3% |
| 15 Years | +0.09 | 0.99 | 100.1% | 97.1% | -0.1% | -0.2% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | HDFC Bank Limited | 8.36% |
| 2 | ICICI Bank Limited | 7.30% |
| 3 | Reliance Industries Limited | 6.18% |
| 4 | Bharti Airtel Limited | 4.14% |
| 5 | Larsen & Toubro Limited | 3.39% |
| 6 | State Bank of India | 3.06% |
| 7 | Axis Bank Limited | 2.71% |
| 8 | Infosys Limited | 2.70% |
| 9 | Kotak Mahindra Bank Limited | 2.37% |
| 10 | Mahindra & Mahindra Limited | 2.03% |