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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 April 11, 2024 , 4744 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
₹79.6519 ↓ -0.71   (-0.88 %)
₹22,767 on 29 Feb 24
8 Aug 07
Equity
Large Cap
20
Moderately High
1.86
2.81
1.62
8.12
Not Available
0-1 Years (1%),1 Years and above(NIL)
HDFC Top 100 Fund
Growth
Fund Details
₹1,040.13 ↓ -8.64   (-0.82 %)
₹31,653 on 29 Feb 24
11 Oct 96
Equity
Large Cap
43
Moderately High
1.77
2.38
0.78
3.98
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
3.2%
7.2%
20.2%
44.5%
26.8%
17.5%
13.2%
HDFC Top 100 Fund
Growth
Fund Details
0.9%
4.7%
19%
37.6%
23.5%
15.8%
19.3%

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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 Performance2023
2022
2021
2020
2019
Nippon India Large Cap Fund
Growth
Fund Details
32.1%
11.3%
32.4%
4.9%
7.3%
HDFC Top 100 Fund
Growth
Fund Details
30%
10.6%
28.5%
5.9%
7.7%

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 - 16.66 Yr.
HDFC Top 100 Fund
Growth
Fund Details
₹300
₹5,000
Rahul Baijal - 1.68 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
31 Mar 19₹10,000
31 Mar 20₹6,817
31 Mar 21₹11,430
31 Mar 22₹14,296
31 Mar 23₹15,230
31 Mar 24₹22,055
Growth of 10,000 investment over the years.
HDFC Top 100 Fund
Growth
Fund Details
DateValue
31 Mar 19₹10,000
31 Mar 20₹6,858
31 Mar 21₹11,423
31 Mar 22₹13,805
31 Mar 23₹14,658
31 Mar 24₹20,426

Detailed Assets & Holdings Comparison

Asset Allocation
Nippon India Large Cap Fund
Growth
Fund Details
Asset ClassValue
Cash1.28%
Equity98.72%
Equity Sector Allocation
SectorValue
Financial Services36.5%
Consumer Cyclical15.08%
Industrials9.84%
Consumer Defensive9.42%
Energy7.63%
Technology6.4%
Utility6.27%
Basic Materials3.66%
Health Care2.4%
Communication Services1.52%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 08 | HDFCBANK
9%₹2,105 Cr15,000,529
↑ 1,400,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
7%₹1,547 Cr14,700,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 19 | RELIANCE
7%₹1,519 Cr5,200,000
↑ 400,000
State Bank of India (Financial Services)
Equity, Since 31 Oct 10 | SBIN
6%₹1,429 Cr19,100,644
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 16 | ITC
5%₹1,056 Cr26,000,000
↑ 1,000,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 07 | LT
4%₹939 Cr2,700,529
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 15 | 532215
4%₹828 Cr7,700,080
NTPC Ltd (Utilities)
Equity, Since 30 Apr 20 | 532555
3%₹722 Cr21,500,000
Tata Power Co Ltd (Utilities)
Equity, Since 30 Jun 23 | 500400
3%₹706 Cr19,000,000
↓ -1,000,000
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Dec 21 | 500034
3%₹676 Cr1,040,326
↑ 30,000
Asset Allocation
HDFC Top 100 Fund
Growth
Fund Details
Asset ClassValue
Cash3.27%
Equity96.73%
Equity Sector Allocation
SectorValue
Financial Services31.76%
Energy11.92%
Technology10.33%
Industrials8.5%
Consumer Defensive7.73%
Health Care7.12%
Consumer Cyclical6.15%
Utility5.8%
Communication Services4.23%
Basic Materials3.18%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 05 | ICICIBANK
10%₹3,035 Cr28,840,474
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK
7%₹2,298 Cr16,376,319
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 06 | RELIANCE
7%₹2,281 Cr7,806,781
NTPC Ltd (Utilities)
Equity, Since 30 Jun 15 | 532555
6%₹1,835 Cr54,669,743
Infosys Ltd (Technology)
Equity, Since 31 Aug 04 | INFY
6%₹1,771 Cr10,579,648
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 06 | LT
6%₹1,760 Cr5,061,271
↑ 400,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 20 | BHARTIARTL
4%₹1,339 Cr11,921,785
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 03 | ITC
4%₹1,288 Cr31,691,145
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 07 | 532215
4%₹1,258 Cr11,702,714
Coal India Ltd (Energy)
Equity, Since 30 Sep 17 | COALINDIA
4%₹1,203 Cr27,557,721

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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