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Fincash » Nippon India Large Cap Fund Vs HDFC Top 100 Fund

Nippon India Large Cap Fund Vs HDFC Top 100 Fund

Updated on December 1, 2021 , 2145 views

Nippon India Large Cap Fund and HDFC Top 100 Fund both belong to the large-cap category of Equity Funds. These schemes though belong to the same category, yet there exist differences between both the schemes. On a general note, Large cap funds refer to those schemes whose corpus is invested in equity and equity-related instruments of companies having a market capitalization of more than INR 10,000 crores.

These companies are considered to be huge in size and manpower. Also known as bluechip companies, these companies show stable performance with respect to growth and Earnings on a yearly Basis. Even during economic downturns, the share prices of these companies do not fluctuate much. As a result, many individuals switch their investments to large-cap companies during periods of economic downturns. So, let us understand the differences between Nippon India Large Cap Fund Vs HDFC Top 100 Fund.

Reliance Large Cap Fund/Nippon India Large Cap Fund

Nippon India Large Cap Fund (Formerly known as Reliance Large Cap Fund) is managed and offered by Nippon India Mutual Fund under the large-cap category of equity funds. This open-ended scheme was launched in the year 2007 and it uses S&P BSE 200 Index as its benchmark to construct its portfolio. The scheme invests its accumulated fund money in shares of companies that lie between the range of highest and lowest market capitalization of its benchmark index. Reliance Large Cap Fund is jointly managed by Mr. Shailesh Raj Bhan and Mr. Ashwani Kumar. As on March 31, 2018, some of the top holdings of Reliance Large Cap Fund consisted of HDFC Bank Limited, ITC Limited, Larsen & Toubro Limited, Tata Steel Limited, and ACC Limited. The scheme strives to invest in companies that have growth potentials coupled with reasonable valuations and give high returns on equity.

Important Information

From October 2019, Reliance Mutual Fund has been renamed as Nippon India Mutual Fund. Nippon Life has acquired majority (75%) stakes in Reliance Nippon Asset Management (RNAM). The company will continue to run its operations without any change in structure and management.

HDFC Top 100 Fund (Erstwhile HDFC Top 200 Fund)

HDFC Top 100 Fund (earlier known as HDFC Top 200 Fund) is an open-ended large-cap fund that was incepted on October 11, 1996. The scheme’s objective is to generate long-term Capital growth from a portfolio predominantly consisting of equity and equity-related instruments. HDFC Top 100 Fund uses S&P BSE 200 as its primary benchmark and S&P BSE SENSEX as its additional benchmark to build its portfolio. HDFC Top 100 Fund is jointly managed by Mr. Rakesh Vyas and Mr. Prashant Jain. Infosys Limited, Reliance Industries Limited, NTPC Limited, Tata Consultancy Services Limited, and HDFC Bank Limited are some of the top constituents of HDFC TOP 100 Fund’s portfolio as on March 31, 2018. The risk-appetite of this scheme is moderately high.

Nippon India Large Cap Fund Vs HDFC Top 100 Fund

Though both Nippon India Large Cap Fund and HDFC Top 100 Fund belong to the large-cap category of equity funds, nevertheless; they differ on account of various parameters. So, let us understand the differences between both the schemes based on these parameters that are divided into four sections, namely, basics section, performance section, yearly performance section, and other details section.

Basics Section

Current NAV, Fincash Rating, and Scheme Category are some of the comparable elements that form part of the basics section. It is the first section in the comparison of both the schemes. The comparison of current NAV reveals that there is a drastic difference between the NAV of both the schemes. As on April 23, 2018, the NAV of Nippon India/Reliance Large Cap Fund was approximately INR 32 while of HDFC Top 100 Fund was approximately INR 445. With respect to the Fincash Rating, Nippon India Large Cap Fund is rated with 4-Star, while HDFC Top 100 Fund is rated as 3-Star. The summary comparison of the basics section is as shown in the table given below.

Parameters
BasicsNAV
Net Assets (Cr)
Launch Date
Rating
Category
Sub Cat.
Category Rank
Risk
Expense Ratio
Sharpe Ratio
Information Ratio
Alpha Ratio
Benchmark
Exit Load
Nippon India Large Cap Fund
Growth
Fund Details
₹49.3816 ↓ -0.34   (-0.68 %)
₹11,279 on 31 Oct 21
8 Aug 07
Equity
Large Cap
20
Moderately High
1.88
2.92
-0.6
3.12
Not Available
0-1 Years (1%),1 Years and above(NIL)
HDFC Top 100 Fund
Growth
Fund Details
₹675.731 ↓ -5.72   (-0.84 %)
₹21,596 on 31 Oct 21
11 Oct 96
Equity
Large Cap
43
Moderately High
1.83
2.71
-0.8
2.62
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

This section compares the Compounded Annual Growth Rate or CAGR returns of both the schemes at various intervals. Some of the time intervals include 3 Month Return, 6 Month Return, 1 Year Return, and Return since Inception. The comparison of CAGR returns shows that in many of the time intervals, Nippon India Large Cap Fund has done better as compared to HDFC Top 100 Fund. The table given below shows the summary of performance section.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
Nippon India Large Cap Fund
Growth
Fund Details
-4%
1.3%
12.5%
40.1%
14.5%
15.6%
11.8%
HDFC Top 100 Fund
Growth
Fund Details
-4.2%
1.1%
8.3%
34.5%
13.7%
14%
19.2%

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Yearly Performance Section

The comparison of absolute returns generated by both the schemes for a particular year is compared in the yearly performance section. It is the third section in the comparison of both the schemes. The comparison of absolute returns reveals that in many instances the performance of Reliance Large Cap Fund is better as compared to HDFC Top 100 Fund. The summary comparison of the yearly performance section is tabulated as follows.

Parameters
Yearly Performance2020
2019
2018
2017
2016
Nippon India Large Cap Fund
Growth
Fund Details
4.9%
7.3%
-0.2%
38.4%
2.2%
HDFC Top 100 Fund
Growth
Fund Details
5.9%
7.7%
0.1%
32%
8.5%

Other Details Section

It is the last section in the comparison of both the schemes that compares elements like AUM, minimum SIP and lumpsum investment and others. The comparison of AUM reveals that there is a significant difference in the AUM of both the schemes. As on March 31, 2018, the AUM of Reliance Large Cap Fund is approximately INR 8,825 Crores while of HDFC Top 100 Fund is approximately INR 14,350 Crores. Similarly, the minimum SIP investment for both the schemes is also different. The SIP amount for Nippon India Mutual Fund’s scheme is INR 100 and for HDFC Mutual Fund’s scheme is INR 500. However, the minimum lumpsum amount for both the schemes is same, that is, INR 5,000. The table given below shows the comparison of other details section.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
Nippon India Large Cap Fund
Growth
Fund Details
₹100
₹5,000
Sailesh Raj Bhan - 14.24 Yr.
HDFC Top 100 Fund
Growth
Fund Details
₹500
₹5,000
Prashant Jain - 18.38 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
Nippon India Large Cap Fund
Growth
Fund Details
DateValue
30 Nov 16₹10,000
30 Nov 17₹13,257
30 Nov 18₹13,440
30 Nov 19₹14,483
30 Nov 20₹14,035
30 Nov 21₹19,916
Growth of 10,000 investment over the years.
HDFC Top 100 Fund
Growth
Fund Details
DateValue
30 Nov 16₹10,000
30 Nov 17₹12,688
30 Nov 18₹12,760
30 Nov 19₹13,992
30 Nov 20₹13,670
30 Nov 21₹18,598

Detailed Assets & Holdings Comparison

Asset Allocation
Nippon India Large Cap Fund
Growth
Fund Details
Asset ClassValue
Cash1.69%
Equity98.13%
Other0.18%
Equity Sector Allocation
SectorValue
Financial Services34.68%
Industrials11.41%
Technology10.58%
Consumer Cyclical8.85%
Communication Services8.35%
Consumer Defensive7.55%
Energy7.37%
Utility3.53%
Basic Materials3.29%
Health Care2.51%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 08 | HDFCBANK
7%₹791 Cr5,000,000
↑ 880,000
State Bank of India (Financial Services)
Equity, Since 31 Oct 10 | SBIN
7%₹738 Cr14,700,000
↓ -1,800,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
6%₹722 Cr9,003,161
↑ 1,000,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL
6%₹685 Cr10,000,683
↓ -500,000
HCL Technologies Ltd (Technology)
Equity, Since 31 Aug 19 | HCLTECH
5%₹618 Cr5,400,927
Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 19 | RELIANCE
5%₹571 Cr2,250,000
↓ -450,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 19 | HDFC
5%₹569 Cr2,000,315
↓ -300,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 07 | LT
5%₹539 Cr3,050,000
↑ 250,000
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 16 | ITC
5%₹513 Cr23,000,000
↓ -1,000,000
NTPC Ltd (Utilities)
Equity, Since 30 Apr 20 | 532555
4%₹398 Cr30,013,410
↓ -1,000,000
Asset Allocation
HDFC Top 100 Fund
Growth
Fund Details
Asset ClassValue
Cash4.3%
Equity95.69%
Other0%
Equity Sector Allocation
SectorValue
Financial Services38.34%
Energy15.9%
Technology12.22%
Utility6.74%
Health Care5.96%
Industrials5.77%
Consumer Cyclical4.29%
Consumer Defensive3.4%
Communication Services2.43%
Basic Materials0.64%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 05 | ICICIBANK
8%₹1,808 Cr22,542,994
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK
8%₹1,658 Cr10,474,294
State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN
7%₹1,446 Cr28,789,157
↓ -1,285,564
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 06 | RELIANCE
7%₹1,419 Cr5,594,764
Infosys Ltd (Technology)
Equity, Since 31 Aug 04 | INFY
6%₹1,399 Cr8,385,826
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC
5%₹1,167 Cr4,103,622
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 06 | LT
4%₹905 Cr5,121,048
NTPC Ltd (Utilities)
Equity, Since 30 Jun 15 | 532555
4%₹876 Cr66,065,454
↓ -1,000,000
Coal India Ltd (Energy)
Equity, Since 30 Sep 17 | COALINDIA
4%₹759 Cr46,157,809
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Sep 20 | TCS
3%₹741 Cr2,180,137

Thus, based on the above pointers, it can be said that both the schemes differ on account of various parameters. Consequently, investors should be very cautious before Investing in any of the Mutual Fund schemes. They should understand the modalities of the scheme completely. Also, if required, they can consult a financial advisor for an opinion. This will help the individuals to attain their goals on time in a hassle-free manner.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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