In India’s fast-expanding mutual fund market, two schemes regularly draw investor attention — SBI Large Cap Fund and ICICI Prudential Large Cap Fund. Both rank among the biggest large-cap funds by assets and are widely tracked by new and seasoned investors alike. So the key question comes: Which fund stands stronger over the long term? And more importantly, which one offers a more reliable portfolio and better returns?
SBI Large Cap Fund, with a track record of nearly two decades, is known for its steady performance across market cycles. Investors often see it as a stable option that focuses on long-term compounding. Meanwhile, ICICI Prudential Large Cap Fund has built a reputation for delivering competitive—and sometimes superior—returns compared to several big peers in the category.
A closer look at their assets under management, investment strategy, top stock picks, sector exposure and long-term SIP and lump-sum returns reveals a clearer picture of how the two funds differ. The comparison becomes even more interesting when factors like portfolio concentration, fund manager style and risk-adjusted performance are added to the mix.
As investors increasingly look for consistency, quality and strong long-term wealth creation, the SBI vs ICICI Large Cap face-off becomes more relevant than ever.
Here’s a data-backed breakdown of which fund takes the lead in stability, returns and portfolio strength.
SBI Large Cap Fund: key details
Fund launch date: 14 February 2006
Rating: 4 star
Total AUM: Rs 55,693 crore (27 November 2025)
NAV: Rs 96.1264 (27 November 2025)
Expense ratio: 1.48% (31 October 2025)
Tracking error (regular): 2.4284% (26 November 2025)
Sharpe ratio: 0.64
Standard deviation: 11.36%
Beta: 0.9
ICICI Prudential Large Cap Fund: key details
Fund launch date: 23 May 2008
Rating: 5 star
Total AUM: Rs 78,231 crore (as of 27 November 2025)
NAV: Rs 116.27 (as of 27 November 2025)
Expense ratio: 1.41% (as of 31 October 2025)
Average dividend yield: 1.23%
Portfolio turnover ratio (equity): 0.14 times
Sharpe ratio: 1.02
Standard deviation: 11.20%
Beta: 0.87
Overall, both funds remain strong contenders in the large-cap space, but their styles differ clearly. SBI Large Cap offers stability with lower volatility and a long-term track record, while ICICI Prudential Large Cap scores higher on risk-adjusted returns and portfolio efficiency.
SBI Large Cap Fund – Lump Sum & SIP Returns
| Category | Details |
| Launch date | 14 February 2006 |
| Lump sum returns since launch | 12.07% |
| Value of Rs 1,00,000 invested at launch | Rs 9,45,990 |
| SIP tenure considered | 19 years |
| Annualised SIP returns | 13.72% per year |
| Monthly SIP amount | Rs 10,000 |
| Total SIP investment | Rs 22,80,000 |
| Value after 19 years | Rs 98,59,919 |
(Source: Value Research, fact sheet)
Insights: SBI Large Cap Fund
-SBI Large Cap delivers solid long-term stability, with nearly two decades of consistent performance.
-The lump sum growth to Rs 9.45 lakh from Rs 1 lakh reflects steady compounding rather than aggressive outperformance.
The SIP value of Rs 98.59 lakh on Rs 22.8 lakh invested shows the fund’s strength in sustained, disciplined investing over long periods.
With moderate volatility and a lower beta, the fund suits investors who prefer lower risk with dependable long-term returns.
ICICI Prudential Large Cap Fund – Lump Sum & SIP Returns
| Category | Details |
| Launch date | 23 May 2008 |
| Lump sum returns since launch | 14.95% |
| Value of Rs 1,00,000 invested at launch | Rs 11,36,900 |
| SIP tenure considered | 17 years |
| Annualised SIP returns | 15.61% per year |
| Monthly SIP amount | Rs 10,000 |
| Total SIP investment | Rs 20,40,000 |
| Value after 17 years | Rs 89,70,409 |
(Source: Value Research, fact sheet)
Insights: ICICI Prudential Large Cap Fund
ICICI Prudential Large Cap shows stronger return-generating ability, reflected in its higher 14.95% launch-to-date CAGR.
The lump sum investment growing to ₹11.36 lakh highlights the fund’s better growth momentum over the years.
Its SIP outcome—₹89.7 lakh from ₹20.4 lakh invested—shows efficiency even over a shorter 17-year period.
With a higher Sharpe ratio and strong risk-adjusted performance, the fund appeals to investors seeking higher long-term alpha within a large-cap framework.
SBI Large Cap Fund: Top 5 stock holdings
Reliance Industries (RIL) – 7.88%
HDFC Bank – 7.36%
ICICI Bank – 7.13%
L&T – 5.45%
Infosys – 3.96%
ICICI Prudential Large Cap Fund: top 5 stock holdings
HDFC Bank – 9.84%
ICICI Bank – 8.08%
Reliance Industries (RIL) – 6.47%
L&T – 6.36%
Bharti Airtel – 4.47%
SBI Large Cap Fund: Top 5 sectors in portfolio
Financial services
Oil & gas
Automobiles
FMCG
Healthcare
ICICI Prudential Large Cap Fund: top 5 sectors in portfolio
Financial services
Automobiles
Oil & gas
Construction
IT
(Disclaimer: This article is for informational purposes only. It is not a recommendation to invest in any scheme. Investment decisions should be made after proper research and consulting your financial advisor.)