ITI Large Cap Fund
Large Cap Fund · ITI Asset Management Limited
Among the 157 similar large cap funds we track, this one has grown money faster than most. ₹1 lakh invested 5 years ago would be about ₹1.5 lakh today. Investing ₹10,000 every month for the last 5 years would have put in ₹6.1 lakh and grown it to about ₹7.7 lakh. Be warned: in its worst stretch, ₹1 lakh briefly shrank to about ₹79,240. Expect meaningful ups and downs on the way.
New to fund research? Start with the 5-minute guide. The detailed numbers below back all of this up.ITI Large Cap Fund is a large cap fund from ITI Asset Management Limited. It has a track record of about 5.7 years. As of the latest data it carries an RS rating of 96/99 (its recent momentum versus category peers) and a King Score of 77/100 (a long-term quality composite). The current NAV is ₹19.45 (as of 2026-09-16).
Growth of ₹100 - last 5 years
ITI Large Cap Fund returns: last 1, 3, 5 and 10 years
| Period | This fund | Category average |
|---|---|---|
| 1 month | -0.92% | -4.3% |
| 3 months | 2.74% | -0.56% |
| 6 months | 7.72% | 2.49% |
| 1 year | 0.48% | -2.84% |
| 3 years (CAGR) | 10.09% | 9.14% |
| 5 years (CAGR) | 8.82% | 8.72% |
The last 5 years return is 8.82% a year (₹1 lakh → ₹1.5 lakh), and the last 3 years return is 10.09% - ahead of its category's 9.14% average by 0.9 points. Its trailing one-year return is 0.48%. Trailing returns flatter or disappoint depending on the end date you pick - the year-by-year and rolling-return sections below are a fairer read.
Year-by-year returns
| Year | ITI Large Cap Fund | Benchmark |
|---|---|---|
| 2021 | +24.2% | +30.2% |
| 2022 | +1.9% | +3.0% |
| 2023 | +26.4% | +25.8% |
| 2024 | +16.3% | +15.2% |
| 2025 | +6.2% | +6.7% |
| 2026 | -2.9% | -5.8% |
ITI Large Cap Fund beat its benchmark in 3 of the last 6 calendar years. Consistency against the benchmark matters more than any single great year.
Calendar-year returns show how bumpy the ride really was - an average hides the good years and the ugly ones.
What a monthly SIP in ITI Large Cap Fund would have made
A ₹10,000-a-month SIP, using this fund's actual NAV history. SIP returns (XIRR) differ from lumpsum CAGR because your money goes in gradually, averaging your entry price.
| SIP duration | You invested | It became | XIRR |
|---|---|---|---|
| 3 years | ₹370,000 | ₹396,690 | 4.58% |
| 5 years | ₹610,000 | ₹770,234 | 9.26% |
Over 5 years, ₹610,000 invested in monthly instalments would have grown to about ₹770,234 - an XIRR of 9.26%. Figures are pre-tax and assume you stayed invested throughout.
Risk & drawdowns
| Measure | This fund | Category average |
|---|---|---|
| Worst drawdown (lifetime) | -20.76% | -29.87% |
| Worst drawdown (3Y) | -17.75% | -16.68% |
| Volatility (1Y) | 17.98% | 16.81% |
| Sharpe (3Y) | 0.22 | 0.14 |
| Sortino (3Y) | 0.43 | 0.39 |
| Beta (3Y) | 1.02 | 0.91 |
| Alpha (3Y) | 1.68% | 1.27% |
| Up capture | 103.6% | 93.31% |
| Down capture | 99.6% | 88.86% |
| Bull-market return | 27.0% | 26.08% |
| Bear-market return | -32.5% | -30.78% |
Timing matters more than people admit: the best possible 1-year stretch in ITI Large Cap Fund (starting 2023-04-26) gained 44.7%, while the worst (starting 2021-10-13) lost 9.0%. The worst peak-to-bottom fall ITI Large Cap Fund has ever put investors through is -20.76% - the real test of whether you'd have stayed invested. In falling markets (Nifty below its 200-day average) it has returned about -32.5% annualised, versus 27.0% in rising markets. It has captured roughly 103.6% of its benchmark's up-moves and 99.6% of its down-moves.
How ITI Large Cap Fund behaves when markets fall
When the market is falling (the Nifty below its 200-day average), ITI Large Cap Fund has historically returned about -32.5% annualised, versus roughly 27.0% when the market is rising. Its deepest fall on record is -20.76%. Right now it sits about 4.43% below its all-time high (last hit 2024-09-27). The real question isn't the average year - it's whether you could hold on through the worst one.
How ITI Large Cap Fund ranks in its category
Percentile versus its ~157 category peers - 100th is best-in-class, 50th is average. This is the fairest apples-to-apples read.
Consistency (rolling returns)
| Measure | Value |
|---|---|
| Median 3Y rolling CAGR | 15.75% |
| 3Y windows positive | 100.0% |
| Worst 3Y window | 10.84% |
| 3Y windows beating Nifty 500 | 57.1% |
| Median 5Y rolling CAGR | 11.51% |
Instead of one lucky start date, rolling returns test every start date. Across all 3-year windows in its history, ITI Large Cap Fund returned a median of 15.75% a year, and 100.0% of those windows were positive.
What ITI Large Cap Fund holds
Its latest monthly portfolio disclosure. This is what your money actually owns.
Top holdings
Sector allocation
The top 10 holdings make up 48.3% of the portfolio, across 45 stocks. A higher concentration means the fund's fortunes ride on fewer names.
Portfolio overlap with similar funds
ITI Large Cap Fund shares BANDHAN Large Cap Fund (58%), BARODA BNP PARIBAS LARGE CAP Fund (50%), WhiteOak Capital Large Cap Fund (48%) of its portfolio with these category peers (overlap = the slice of the two portfolios invested in the same stocks). With overlap this high, holding both funds adds little real diversification - you would largely be buying the same stocks twice.
Who manages ITI Large Cap Fund - and how good are they?
ITI Large Cap Fund is managed by Alok Ranjan and Nilay Dalal. Below is each manager's complete track record - every fund they currently run, judged on the same numbers as everything else on this page - so you can see whether this fund is in strong hands or is the outlier in a weak book.
Alok Ranjan's full record
Alok Ranjan currently runs 7 funds, across ELSS, Focused Fund, Large & Mid Cap Fund, Large Cap Fund and more, with about ₹7,940 Cr under management. The book's average King Score is 76.8/100. Their strongest fund by King Score is ITI Focused Fund (95/100); ITI Large Cap Fund ranks #2 of 7 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | ITI Focused Fund | 69 | 95 | -1.0% | 9.8% | 7.7% | 16.8% | n/a | n/a | 0.61 | n/a | -18.4% |
| 2 | ITI Large Cap Fund (this page) | 96 | 77 | 2.7% | 7.7% | 0.5% | 10.1% | 8.8% | n/a | 0.22 | 15.8% | -20.8% |
| 3 | ITI Mid Cap Fund | 81 | 76 | 1.9% | 13.7% | 9.8% | 19.2% | 15.9% | n/a | 0.67 | 25.4% | -22.7% |
| 4 | ITI Small Cap Fund | 90 | 75 | 8.9% | 30.5% | 19.0% | 23.8% | 18.5% | n/a | 0.85 | 26.5% | -39.9% |
| 5 | ITI ELSS Tax Saver Fund | 82 | 71 | 1.4% | 15.3% | 3.1% | 15.8% | 12.4% | n/a | 0.5 | 20.9% | -38.5% |
| 6 | ITI Multi Cap Fund | 86 | 67 | 2.2% | 15.4% | 9.8% | 16.0% | 13.7% | n/a | 0.56 | 20.6% | -38.7% |
| 7 | ITI Large & Midcap Fund | 98 | n/a | 4.9% | 16.9% | 5.3% | n/a | n/a | n/a | -0.28 | n/a | -20.2% |
Nilay Dalal's full record
Nilay Dalal currently runs 7 funds, across Dynamic Asset Allocation or Balanced Advantage, Flexi Cap Fund, Large & Mid Cap Fund, Large Cap Fund and more, with about ₹3,706 Cr under management. The book's average King Score is 73.2/100. Their strongest fund by King Score is ITI Flexi Cap Fund (88/100); ITI Large Cap Fund ranks #2 of 7 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | ITI Flexi Cap Fund | 99 | 88 | 3.9% | 16.4% | 10.8% | 17.6% | n/a | n/a | 0.65 | 21.0% | -21.4% |
| 2 | ITI Large Cap Fund (this page) | 96 | 77 | 2.7% | 7.7% | 0.5% | 10.1% | 8.8% | n/a | 0.22 | 15.8% | -20.8% |
| 3 | ITI Pharma and Healthcare Fund | 85 | 76 | 7.5% | 19.3% | 10.1% | 18.9% | n/a | n/a | 0.84 | 21.5% | -17.7% |
| 4 | ITI Value Fund | 72 | 70 | -0.5% | 7.5% | 3.3% | 12.2% | 12.2% | n/a | 0.32 | 20.2% | -22.7% |
| 5 | ITI Banking and Financial Services Fund | 48 | 69 | -1.1% | 4.8% | 7.0% | 10.9% | n/a | n/a | 0.26 | 15.3% | -16.6% |
| 6 | ITI Balanced Advantage Fund | 71 | 59 | 1.0% | 3.5% | -0.6% | 8.9% | 8.0% | n/a | 0.25 | 12.5% | -33.6% |
| 7 | ITI Large & Midcap Fund | 98 | n/a | 4.9% | 16.9% | 5.3% | n/a | n/a | n/a | -0.28 | n/a | -20.2% |
A caveat worth keeping: funds often have co-managers, and results belong to the whole team and process rather than one person. A manager's book tells you about their range and consistency, not a guarantee of skill.
Cost & fund basics
| Detail | Value |
|---|---|
| Expense ratio (Direct) | 0.69% |
| Exit load | ≈1% if redeemed within 1 year (typical) |
| Minimum investment | ₹5000 |
| Fund size (AUM) | ₹361 Cr |
| Age | 5.7 years |
| Plan / Option | Direct · Growth |
| Benchmark | NIFTY500 |
How ITI Large Cap Fund compares to peers
| Fund | RS | King | 3Y CAGR |
|---|---|---|---|
| WhiteOak Capital Large Cap Fund | 88 | 97 | 12.2% |
| BARODA BNP PARIBAS LARGE CAP Fund | 84 | 90 | 10.5% |
| BANDHAN Large Cap Fund | 89 | 85 | 11.7% |
| Invesco India Largecap Fund | 94 | 84 | 12.8% |
| JM Large Cap Fund (Direct) | 82 | 82 | 9.6% |
| Taurus Large Cap Fund | 99 | 82 | 11.5% |
Overlap warning: funds in the same category often own many of the same stocks - holding several rarely adds the diversification people expect.
What these numbers mean
RS rating (1-99) ranks a fund's recent momentum against its category - higher is stronger right now. King Score (0-100) is a long-term quality composite (returns, consistency, drawdown, risk-adjusted return) versus peers. Max drawdown is the worst peak-to-bottom fall the fund has ever experienced. Rolling returns test every possible start date, so one lucky (or unlucky) entry point can't distort the picture. Every formula behind this page is public - see how we calculate every number.
ITI Large Cap Fund review: the bottom line
Related
Frequently asked questions
Is ITI Large Cap Fund a good mutual fund?
That depends on your goals and risk tolerance - this is descriptive research, not advice. On the numbers, ITI Large Cap Fund scores 77/100 on our King Score and RS 96/99 within its category, has compounded 10.09% a year over three years, and its worst drawdown was -20.76%. Compare those against your needs and the peer table above.
What is the NAV of ITI Large Cap Fund today?
The latest NAV is ₹19.45 (as of 2026-09-16). NAV (net asset value) is the per-unit price of the fund, published every business day by the AMC.
What is the expense ratio of ITI Large Cap Fund?
The Direct-plan expense ratio is 0.69% a year. The Direct plan is cheaper than the Regular plan because it carries no distributor commission - over decades that gap compounds meaningfully.
Who is the fund manager of ITI Large Cap Fund?
ITI Large Cap Fund is managed by Alok Ranjan; Nilay Dalal.
Is ITI Large Cap Fund safe? How risky is it?
No market-linked fund is 'safe' in the fixed-deposit sense - the honest question is how deep its falls get. Its worst historical drawdown was -20.76% - ₹1 lakh briefly becoming about ₹79,240. As a equity fund, its risk profile is typical of that category. Look at the drawdown, volatility and bear-market figures above and ask whether you could stay invested through the bad stretches.
Is ITI Large Cap Fund good for SIP?
We can't tell you what to do, but here is what actually happened: a ₹10,000 monthly SIP over the last 5 years grew ₹6.1 lakh into about ₹7.7 lakh (XIRR 9.26%). SIPs average your entry price, which helps most in funds that swing hard - check the crash-behaviour section above to see how it treats investors in bad markets.
What are the SIP returns of ITI Large Cap Fund?
A ₹10,000/month SIP over 5 years would have grown to about ₹770,234 (an XIRR of 9.26%) on ₹610,000 invested, using the fund's actual NAV history. See the SIP table above for other durations.
How does ITI Large Cap Fund rank among similar funds?
On 3-year returns it sits around the 85th percentile of its category, and its consistency ranks 58th percentile. 100th is best-in-class, 50th is average. See the category-ranking section above.
Is ITI Large Cap Fund tax-efficient / what about capital gains?
As a equity fund, gains follow the rules for its asset class - equity-oriented funds are taxed differently from debt. All returns on this page are pre-tax; your actual post-tax return depends on your holding period and slab. This is descriptive information, not tax advice.
Direct or Regular plan - which is shown here?
All figures on this page are for the Direct-Growth plan (no distributor commission, lower cost). Returns are pre-tax; capital-gains tax depends on your own holding period and slab.
See ITI Large Cap Fund live in the MF Terminal
Everything above is a static snapshot. The terminal is where you actually research it:
- Interactive price chart with EMAs & RSI
- The RS line plotted against its benchmark
- Full holdings, sector mix & portfolio overlap
- Point-in-time backtester & portfolio doctor
- Compare it side-by-side with any peer
- Screen 1,600+ funds on the same metrics
Data: AMFI NAV history, NSE indices, BSE StAR and monthly disclosures. All figures are pre-tax. Descriptive research and education only - nothing here is investment advice or a recommendation to buy, sell or hold any fund. Past performance does not guarantee future returns.