Bank of India Large Cap Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Bank of India Large Cap Fund Direct Growth Plan has a NAV of ₹17.47 as of 16 Sep 2026 and an AUM of ₹231 Cr. Its 1-year, 3-year and 5-year returns are 2.65%, 11.67% and 9.1%, and the scheme is tagged as High Risk. Our view is that this is a large-cap equity fund with a mixed recent track record: the long-term numbers are steadier than the latest 12-month stretch, but the fund still depends on equity-market conditions and a fairly concentrated set of holdings.

The fund can suit investors who can accept meaningful swings in return and want a large-cap allocation with exposure to banks, infrastructure, IT and select industrial names. The recent softness versus the benchmark does not change the fact that the 3-year and 5-year figures are better than the 1-year reading, so the return pattern looks uneven rather than linear.

Quick facts

Particular	Details
NAV	₹17.47 as of 16 Sep 2026
AUM	₹231 Cr
Expense Ratio	0.68%
Launch Date	29 Jun 2021
Min SIP	₹1,000
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	NIL for 10% of investments and 1% for remaining investments on or before 3M, NIL after 3M
Fund Managers	Alok Singh, Nilesh Jethani

The fund is managed by Alok Singh and Nilesh Jethani.

Source data date: as of 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-3.53%	-4.41%
3M	-1.36%	-3.6%
1Y	2.65%	-7.76%
3Y	11.67%	5.74%
5Y	9.1%	5.67%

The recent picture is softer than the longer view. Over 1 month and 3 months, the fund stayed negative, but it did better than the benchmark in both periods, which tells us the fund held up relatively better in a weak patch rather than generating strong absolute gains.

The 1-year figure is more meaningful because it turns positive while the benchmark remains negative. That gap shows the fund recovered better than NIFTY 50 over the past year, even though the absolute 1-year return is still modest for an equity strategy. The year also appears choppier than the longer window, which fits the wider movement pattern in the fund’s recent path.

Over 3 years and 5 years, the fund has compounded at 11.67% and 9.1%, both ahead of the benchmark’s 5.74% and 5.67%. That suggests the longer-term track record is healthier than the short-term reading alone would imply. The return trend is uneven, but the 3-year and 5-year numbers indicate that the fund has been able to add value over a fuller cycle.

Our view is that the fund’s recent behaviour is not as strong as its mid-term and long-term record, yet it has still outpaced the benchmark across every measured period shown here. That makes the fund more interesting for investors who can tolerate a volatile path and are willing to judge it over several years rather than a few months.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD Bank of India Large Cap?

A fund's past returns alone don't tell you whether you should buy it today or continue holding it.

The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Taurus Large Cap Fund Direct Growth Plan	4.24%	11.47%	9.62%
Quant Large Cap Fund Direct Growth Plan	3.59%	12.14%	Data not available
Bank of India Large Cap Fund Direct Growth Plan	2.65%	11.67%	9.1%
Invesco India Largecap Fund Direct Growth Plan	0.52%	12.74%	11.03%
JioBlackRock Large Cap Fund Direct Growth Plan	Data not available	Data not available	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

The fund’s 1-year return trails Taurus Large Cap Fund Direct Growth Plan and Quant Large Cap Fund Direct Growth Plan, although it is still ahead of the benchmark and comfortably above the zero-return reading shown for JioBlackRock Large Cap Fund Direct Growth Plan. That tells us the shorter-term picture is decent, but not the strongest among the available peer figures.

Over 3 years, the fund’s 11.67% return sits close to Taurus Large Cap Fund Direct Growth Plan and below Invesco India Largecap Fund Direct Growth Plan, while it is ahead of the benchmark. On 5 years, the fund again stays ahead of the benchmark, but Taurus Large Cap Fund Direct Growth Plan and Invesco India Largecap Fund Direct Growth Plan show stronger available readings. So the short-term comparison is more mixed, while the longer-term comparison shows the fund is competitive but not the most robust among the peers with available figures.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
HDFC Bank Limited	Bank	7.04%
ICICI Bank Limited	Bank	6.23%
State Bank of India	Bank	4.97%
Adani Ports and Special Economic Zone Limited	Logistics	3.94%
Reliance Industries Limited	Crude Oil	3.37%
ICICI Prudential Asset Management Company Limited	Domestic Equities	3.36%
Tech Mahindra Limited	IT	3.18%
Shriram Finance Limited	Finance	3.12%
Quality Power Electrical Eqp Ltd	Domestic Equities	3.08%
Larsen & Toubro Limited	Infrastructure	2.54%

The top 10 holdings account for approximately 40.83% of the portfolio.

To see all holdings, visit the Bank of India Large Cap Fund Direct Growth Plan page

The largest holding, HDFC Bank Limited, stands at 7.04%, so the portfolio begins with a meaningful but not outsized position. The drop from the first holding to the tenth holding is to 2.54%, which shows that weights taper off fairly steadily rather than staying clustered at the top.

Because the top 10 holdings together make up 40.83% of the portfolio, the displayed positions have noticeable influence but still leave room for the rest of the 52 disclosed holdings. That combination suggests a portfolio that is not narrowly dominated by one or two names, yet still places enough weight in its leading positions for them to matter to returns.

The mix also leans heavily toward banks at the top, with HDFC Bank, ICICI Bank and State Bank of India together forming the opening block. That may increase the fund’s sensitivity to financial-sector moves even though the overall disclosed list extends into logistics, crude oil, IT, finance and infrastructure.

Source data date: as of 16 Sep 2026

Who should invest

This fund suits investors who can accept High Risk and hold for several years rather than a single market cycle. The 1-year return is modest, but the 3-year and 5-year figures are better, which suggests the investment case is more about patience than about near-term steadiness.

It may appeal to investors who want a large-cap equity exposure that has beaten the benchmark over 3 years and 5 years, while also understanding that shorter periods can still be weak. The key trade-off is that the portfolio’s concentrated top holdings can help in stronger phases, but they can also make the journey uneven when bank-heavy exposure cools off.

Tax and exit load

Holding period	Tax rate	Description
Units held less than 1 year	20%	Short-term capital gains tax
Units held more than 1 year	12.5%	Long-term capital gains tax

Exit load applies as follows: NIL for 10% of investments and 1% for the remaining investments if units are sold within 3 months; there is no exit load after 3 months.

Source data date: as of 16 Sep 2026

Frequently asked questions

What is the current NAV of Bank of India Large Cap Fund Direct Growth Plan?
The NAV is ₹17.47 as of 16 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The returns are 2.65% for 1 year, 11.67% for 3 years and 9.1% for 5 years.

How does the fund compare with its benchmark?
It has outpaced NIFTY 50 across 1 month, 3 months, 1 year, 3 years and 5 years. The gap is especially clear over 3 years and 5 years.

How does it compare with peer funds on available return data?
Its 1-year return is below Taurus Large Cap Fund Direct Growth Plan and Quant Large Cap Fund Direct Growth Plan, while its 3-year and 5-year numbers remain competitive but not the strongest among the peers with available figures.

What is the minimum SIP amount?
The minimum SIP amount is ₹1,000.

Who manages the fund and what is the exit load?
The fund is managed by Alok Singh and Nilesh Jethani. Exit load is NIL for 10% of investments and 1% for the remaining investments if units are sold within 3 months, and there is no exit load after 3 months.

Bottom line

Bank of India Large Cap Fund Direct Growth Plan has a more modest recent stretch than its 3-year and 5-year record, so the longer-term picture is stronger than the latest year alone suggests. It has stayed ahead of the benchmark over every period shown, but its peer comparison is more mixed, with some funds showing stronger available longer-term numbers. The High Risk tag and the bank-heavy top end mean the fund may suit investors who can tolerate uneven phases and want a large-cap equity allocation with meaningful concentration in leading holdings.

Published on 17 September 2026 at 10:32 AM IST

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RIA disclosure

Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.