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Large Cap Fund SEBI Risk: Very High AMC: Nippon India Mutual Fund

Nippon India Large Cap Fund - Direct Plan - Growth

Benchmark: BSE 100 TRI • Manager: Sailesh Raj Bhan • Portfolio Date: 2026-09-30
Composite Health Score
85.6/100
INSTITUTIONAL_ALPHA
🔒 Deep Dive

Look-Through Forensics & Audit Narrative

The free report already shows fees, active share, holdings and the headline health score. The Deep Dive opens up what sits underneath the portfolio.

  • Weighted moat score and the top compounder holdings
  • Look-through accounting risk (ASRI) and promoter pledge exposure, with the flagged holdings named
  • Weighted margin of safety: is the portfolio at a DCF discount or premium
  • The written 7-pillar audit narrative, and the Forensic Desk can answer questions on all of it
One-time, permanent for this scheme

01: Dual-Sleeve Constituent Decomposition

Equity holdings evaluated via Forensic Equity Engine; Debt/bonds evaluated via Credit & Solvency Engine.
Equity: 50.8% (Score: 82.0) Debt: 0.0% (Score: 0.0) Cash / TREPS: 12.6%
Identifier Security Name Type Weight Sector / Rating Engine Score Diagnostic Notes
TREPS TREPS Reserves CASH_EQUIVALENT 12.6% CASH 100.0 Liquid Cash / Sovereign Collateral
HDFCBANK ↗ HDFC Bank Ltd EQUITY 9.6% Private Banks 82.0 Verified 7-Pillar Equity Dossier Available
ICICIBANK ↗ ICICI Bank Ltd EQUITY 8.8% Private Banks 82.0 Verified 7-Pillar Equity Dossier Available
RELIANCE ↗ Reliance Industries Ltd EQUITY 7.9% Energy & Petrochemicals 82.0 Verified 7-Pillar Equity Dossier Available
INFY ↗ Infosys Ltd EQUITY 6.5% IT Services 82.0 Verified 7-Pillar Equity Dossier Available
ITC ↗ ITC Ltd EQUITY 5.1% FMCG 82.0 Verified 7-Pillar Equity Dossier Available
LT ↗ Larsen & Toubro Ltd EQUITY 4.8% Infrastructure 82.0 Verified 7-Pillar Equity Dossier Available
SBIN ↗ State Bank of India EQUITY 4.2% PSU Banks 82.0 Verified 7-Pillar Equity Dossier Available
AXISBANK ↗ Axis Bank Ltd EQUITY 3.9% Private Banks 82.0 Verified 7-Pillar Equity Dossier Available

02: True Diversification & Active Share

Exposing Closet Indexing: Active Share AS = 0.5 × ∑|w_fund - w_bench|
Active Share Score
58.0%
MODERATE_ACTIVE

Moderate Active Share: Meaningful benchmark overlap, blended active/passive posture.

Top 10 Holdings Concentration: 63.4%

03 & 04: Risk-Adjusted Alpha & Downside Capture

Evaluating asymmetrical compounding: Downside Capture Ratio vs Upside Capture Ratio.
Sortino Ratio
1.82
Downside Risk Only
Downside Capture
74.0%
Benchmark: ≤ 75%
Capture Spread
+23.0%
UCR (97.0%) - DCR
Hurst Exponent (H)
0.56
Persistent Momentum
3-Year Rolling Return Consistency: 79.5% of windows

05: Intermediary Fee Drag & Wealth Destruction

Direct Plan vs Regular Plan: Compounded wealth transfer to distributor commissions over time.
Annual Distributor Commission Drag
80.0 bps / yr (1.58% - 0.78%)
Time Horizon Direct Plan Value (Net) Regular Plan Value (Net) Cumulative Wealth Lost Percentage Corpus Destroyed
5 Years ₹1,701,823 ₹1,641,492 -₹60,331 3.5%
10 Years ₹2,896,202 ₹2,694,495 -₹201,707 7.0%
15 Years ₹4,928,825 ₹4,422,992 -₹505,833 10.3%
20 Years ₹8,387,988 ₹7,260,305 -₹1,127,683 13.4%

💡 Fiduciary Takeaway: A ₹10.0 Lakh investment loses ₹201,707 over 10 years purely to distributor commissions in the Regular plan.

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