Equity mutual funds experienced significant corrections last week (June 15-19), with funds falling up to 6% according to ACE MF data. International funds were among the worst performers, with Hang Seng falling the most at 3.69%, while S&P 500 and Nasdaq were down 0.71% and 0.62% respectively. In contrast, iNifty 50 and BSE Sensex were up 0.66% and 0.70% respectively. Despite the broader market volatility, both large-cap funds maintained their position as popular choices for investors seeking exposure to established market leaders.
As of May 2026, ICICI Prudential Large Cap Fund manages assets worth ₹76,297 crores, while SBI Large Cap Fund has an AUM of ₹53,527 crores. According to reports from Mint, both funds are required to invest at least 80% of their assets in large-cap stocks, making them popular choices for investors seeking exposure to established market leaders with relatively lower volatility. Despite ICICI Prudential's NAV of ₹119.13 and SBI Large Cap Fund's ₹104.31, the performance analysis reveals significant differences in returns across different investment periods.
Over the 1-year period, SBI Large Cap Fund delivered better returns with 3.55% compared to ICICI Prudential's -0.28%. However, ICICI Prudential demonstrated superior performance over longer investment horizons. As reported by Mint, over 3 years, ₹1,00,000 invested in ICICI Prudential Large Cap Fund would have grown to ₹1,50,270, while the same amount in SBI Large Cap Fund would be worth ₹1,39,068. Over 5 years, ICICI Prudential's corpus reached ₹1,93,472 versus SBI Large Cap Fund's ₹1,77,972. Over the 10-year period, ICICI Prudential created a corpus of ₹3,91,044 compared with SBI Large Cap Fund's ₹3,40,962.
ICICI Prudential Large Cap Fund demonstrated superior risk-adjusted performance across multiple metrics. According to Value Research data, ICICI Prudential generated a higher alpha of 3.33% compared to SBI Large Cap Fund's 0.61%, indicating stronger ability to deliver returns above its benchmark. The fund also showed lower beta of 0.92 versus SBI Large Cap Fund's 0.94, suggesting marginally lower sensitivity to broader market movements. ICICI Prudential's standard deviation of 13.51% was lower than SBI Large Cap Fund's 13.78%, reflecting relatively lower volatility. The fund posted a sharpe ratio of 0.64 compared with SBI Large Cap Fund's 0.44, and a sortino ratio of 0.83 against SBI Large Cap Fund's 0.56.
When it comes to costs and investment requirements, SBI Large Cap Fund has a slightly lower expense ratio of 0.67% compared with 0.72% for ICICI Prudential Large Cap Fund. As reported by Mint, ICICI Prudential Large Cap Fund is more accessible for retail investors with a minimum investment amount and SIP requirement of just ₹100. In comparison, SBI Large Cap Fund requires a minimum lump-sum investment of ₹5,000 and a minimum SIP investment of ₹500. In terms of exit loads, ICICI Prudential charges 1% if units are redeemed within one month, while SBI Large Cap Fund has a more graded structure with 0.25% for redemptions within 30 days and 0.1% for redemptions after 30 days but within 90 days.
Both funds maintain predominantly equity-focused portfolios, with SBI Large Cap Fund allocating 96.93% of its assets to equities compared with 94.77% for ICICI Prudential Large Cap Fund. According to Value Research data, ICICI Prudential has a higher large-cap allocation at 91.62% versus SBI Large Cap Fund's 83.57%, while SBI Large Cap Fund has relatively higher exposure to mid-cap and small-cap stocks at 13.25% and 3.18% respectively. Both funds show significant exposure to the financial sector, with SBI Large Cap Fund more concentrated in financials at 33.94% compared to 28.98% for ICICI Prudential. The funds share common top holdings including HDFC Bank, ICICI Bank, Reliance Industries, and Larsen & Toubro, though ICICI Prudential includes Axis Bank among its top five holdings while SBI Large Cap Fund has Asian Paints.
