SBI Large Cap Fund Direct Growth NAV Declines to ₹101.78 on 22 September; 3-Year CAGR at 9.24%

Key Takeaways:

• SBI Large Cap Fund Direct Growth NAV declined 0.18% to ₹101.78 on 22 September 2026, representing a moderate change from the preceding valuation. 
• Historical returns stood at -1.83% over one year, 9.24% annualised over three years and 8.99% over five years, with only a 0.25-percentage-point gap between the two longer periods. 
• The scheme managed approximately ₹55,140 crore, with a Direct Growth expense ratio of 0.88%, minimum SIP of ₹500 and minimum lump-sum investment of ₹5,000. 
• ICICI Bank and HDFC Bank together represented 16.44% of the recent portfolio snapshot, while the five largest disclosed holdings accounted for 29.31%. 

SBI Large Cap Fund Direct Growth moved 0.18% lower to ₹101.78 on 22 September 2026. Its one-year historical return stood at -1.83%. The three-year CAGR was 9.24%, compared with 8.99% annualised over five years. The difference between those longer return periods was relatively narrow at 0.25 percentage points. 

The scheme managed approximately ₹55,140 crore. Its Direct Growth expense ratio stood at 0.88%, with a minimum SIP of ₹500 and minimum lump-sum investment of ₹5,000. 

ICICI Bank was the largest disclosed holding at 8.66%, followed by HDFC Bank at 7.78%. Larsen & Toubro accounted for 5.43%, Samvardhana Motherson 3.77% and SBI 3.67%. Together, these five positions represented 29.31% of the recent portfolio snapshot. ICICI Bank and HDFC Bank alone accounted for 16.44%. 

The fund's large-cap classification means the portfolio invests predominantly in India's largest listed companies under the applicable market-cap framework. This distinguishes its mandate from mid-cap, small-cap and flexi-cap schemes. 

Available risk statistics included alpha at 4.61, beta at 0.98, standard deviation at 3.93 and a Sharpe ratio of 0.44. A beta close to one describes historical sensitivity relative to the benchmark used for the calculation; it does not mean subsequent NAV movements will precisely mirror that benchmark. 

The 0.18% decline on 22 September remains a one-day observation. Longer annualised returns incorporate multiple years of valuations and should be interpreted within those respective periods. 

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