SBI Large Cap Fund Direct Growth NAV Falls to ₹101.4878 on 9 September; 3-Year CAGR at 8.66%

Key Takeaways 

• SBI Large Cap Fund Direct Growth declined 0.87% to ₹101.4878 on 9 September 2026. 
• Its latest three-year CAGR stood at 8.66%, with recent five-year data around 9.55%. 
• Assets under management were approximately ₹55,000 crore, with SIP starting at ₹500 and lump-sum investment at ₹5,000. 
• ICICI Bank, HDFC Bank, Reliance Industries, Larsen & Toubro and Asian Paints together represented 31.04% of the disclosed portfolio. 

SBI Large Cap Fund Direct Growth moved to an NAV of ₹101.4878 on 9 September 2026 after declining 0.87% for the day. Its latest three-year CAGR stood at 8.66%. A recent five-year snapshot placed the annualised return at about 9.55%, leaving the two longer-term return periods relatively close in absolute terms. 

The recent one-year return was around 1%, noticeably below both annualised multi-year figures. That difference is tied to the distinct market intervals included in each calculation and should not be treated as a linear performance path. 

Fund size was approximately ₹55,000 crore. The Direct Plan expense ratio was around 0.68% in the latest permitted data, with a ₹500 minimum SIP and a ₹5,000 minimum lump-sum investment. 

The largest disclosed holdings were concentrated in established large companies. ICICI Bank accounted for 8.51% and HDFC Bank for 8.17%. Reliance Industries represented 5.43%, Larsen & Toubro 5.26% and Asian Paints 3.67%. Together, the five positions accounted for 31.04% of the portfolio. The two leading banks alone contributed 16.68%. 

Risk statistics included beta of 0.98 and standard deviation of 3.93. Alpha stood at 4.61 and the Sharpe ratio at 0.44. A beta near one indicates that historical sensitivity has been relatively close to the applicable benchmark relationship used in the calculation, though future NAV movements can differ materially. 

As a large-cap scheme, the fund primarily invests in companies from the upper end of the listed market-cap universe. That is reflected in the identities and relatively sizeable weights of several of its largest disclosed holdings. 

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.