Mutual Fund Investment: Mutual funds are a popular investment method these days. Thousands of investors are investing in them. Disciplined long-term investments can create a substantial fund. A prime example is ICICI Prudential’s Large Cap Fund, which grew a capital investment of ₹10 lakh to ₹1.13 crore (US$2.9 million).
This fund has established a distinct identity in the mutual fund industry due to its strong performance and stability. Launched in May 2008, the fund is now more than 17 years old and has consistently delivered excellent results for investors.
How to invest in this fund?
The ICICI Prudential Large Cap Fund invests in the top 100 companies, India’s largest and strongest companies. The fund uses a bottom-up stock-picking approach, selecting companies based on their performance, market leadership, and ability to deliver stable growth over the long term. According to fund manager Anish Tawakale, the companies included in the portfolio should have a clean profit record and the potential for consistent compounding in the future.
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Large-Cap Funds Are the Safest Option
Large-cap funds typically invest in large and stable businesses, so even during periods of significant market volatility, these funds do not show significant declines. Compared to the high valuations of mid- and small-cap funds, large-cap funds are considered safer and more risk-balanced.
The fund has weathered major crises such as the 2008 financial crisis, the 2013 interest rate fluctuations, and the 2020 COVID-19 recession, but has consistently performed well over the long term.
How will an investment of Rs 10 lakh become Rs 1.13 crore?
According to the report, if an investor had invested Rs 10 lakh in this fund on May 23, 2008, the amount would have grown to approximately Rs 1.13 crore by October 31, 2025. The fund’s CAGR has been approximately 15%. In comparison, the Nifty 100 TRI benchmark delivered a CAGR of 11.3% over the same period, turning ₹10 lakh into just ₹68.9 lakh.
SIPs also performed exceptionally well
In addition to lump sum investments, this fund has also delivered excellent returns to investors through SIPs. If a monthly SIP of ₹10,000 had been made since inception, the total investment of ₹21 lakh would have grown to ₹95.8 lakh. This represents a CAGR of approximately 15.5%, while the benchmark delivered only 13.8%. Over the past three and five years, the fund has significantly outperformed its benchmark.
Fund Size and Investor Trust
Today, this fund has become the largest fund in its category, with an AUM of ₹75,863 crore. Such a large AUM is a clear indication of long-term investor confidence. The fund’s top holdings include banking, finance, IT and consumer sectors, which are considered the strongest backbone of the Indian economy.