Bandhan Large Cap Fund Completes 20 years

Hyderabad :

As Bandhan Large Cap Fund completes 20 years, it marks a significant milestone in delivering disciplined, long term wealth creation built on stability and quality. Over two decades, the fund has navigated multiple market cycles including periods of expansion, correction, and structural change, while remaining anchored to a clear philosophy: investing in fundamentally strong large cap businesses capable of compounding consistently over time. Large caps form the backbone of well-constructed portfolios.

With their scale, pricing power, governance standards, and ability to generate steady cash flows, they tend to remain resilient across economic cycles. Instead of relying on short lived rallies, they offer relatively predictable earnings growth, making them essential for investors seeking both capital appreciation and portfolio stability.

The current market environment strengthens the case for large cap investing. Following recent corrections, valuation gaps across market segments have widened. Large caps, represented by indices such as the Nifty 100, are trading below their five-year average price to earnings multiples at 21.1 versus 24.5, implying a discount of about 13.98 percent as of May '2026. In contrast, mid cap and small cap indices continue to trade at higher levels relative to their historical averages.This relative valuation comfort makes large caps an attractive entry point for investors looking to balance risk and return.

Large caps demonstrate markedly stronger downside resilience, with significantly lower average and worst drawdowns as compared to Mid and Small Caps. This consistent cushion during market stress makes large caps a more stable core for portfolios, especially in volatile cycles. Bandhan Large Cap Fund follows a well-defined BMV framework, focusing on Business, Management, and Valuation as the pillars of portfolio construction. This philosophy has enabled the fund to remain consistent in its investment style while adapting to evolving market conditions.