SBI Large Cap Fund Direct Growth NAV Moves to ₹102.51 on 23 September; Top Five Holdings at 29.31%

Key Takeaways:

• SBI Large Cap Fund Direct Growth recorded an NAV of ₹102.51 on 23 September 2026, after a 0.72% increase from the preceding valuation. 
• The latest one-year return was -0.88%, whereas the three-year CAGR stood at 9.49% and the five-year CAGR at 8.78%. Both longer annualised periods remained positive despite the negative latest-year figure. 
• ICICI Bank, HDFC Bank, Larsen & Toubro, Samvardhana Motherson and State Bank of India together represented 29.31% of the recent portfolio snapshot. 
• Assets under management stood at approximately ₹55,140 crore, with a Direct Growth expense ratio of 0.88%. The minimum SIP was ₹500 and the minimum lump-sum amount ₹5,000. 

SBI Large Cap Fund Direct Growth reached ₹102.51 on 23 September 2026, rising 0.72% from the preceding valuation. Its latest one-year return stood at -0.88%. The three-year CAGR was 9.49%, whereas the five-year annualised figure was slightly lower at 8.78%. 

The difference between the three- and five-year CAGRs was only 0.71 percentage points, but both were considerably above the latest one-year number. The five-year CAGR, for example, exceeded the one-year return by 9.66 percentage points. Historical periods can produce different results even when they refer to the same portfolio mandate. 

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

Recent holdings data showed ICICI Bank at 8.66%, HDFC Bank at 7.78%, Larsen & Toubro at 5.43%, Samvardhana Motherson at 3.77% and State Bank of India at 3.67%. Combined, those five equity positions represented 29.31% of the portfolio. The other 70.69% was spread across remaining holdings and portfolio components. 

As a large-cap scheme, the portfolio is primarily oriented towards companies in the large-cap universe. The positive 23 September NAV move therefore represents one day's valuation change within a substantially longer performance record. The negative one-year return and positive three- and five-year CAGRs also reinforce why the period attached to each number matters when interpreting historical fund data. 

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