As Bandhan Large Cap Fund celebrates 20 years, it marks two decades of disciplined, long-term wealth creation through a consistent focus on fundamentally strong large-cap companies. The fund has successfully navigated multiple market cycles by following its proven BMV (Business, Management, and Valuation) investment philosophy, emphasizing high-quality businesses, strong corporate governance, capable management teams, and reasonable valuations to deliver sustainable long-term compounding.
The current market environment further strengthens the case for large-cap investing. As of May 2026, large caps, represented by the Nifty 100, are trading at a price-to-earnings multiple of 21.1, below their five-year average of 24.5, offering a valuation discount of nearly 14%, while mid- and small-cap stocks continue to trade above historical averages. Their stronger downside resilience, stable earnings, and predictable cash flows make large caps an attractive core portfolio allocation for investors seeking a balance between growth and stability.
Bandhan Large Cap Fund complements its large-cap strategy with a rigorous five-parameter stock selection framework covering Normalized Return on Equity (RoE), long-term growth potential, capital allocation and governance, management execution, and earnings predictability, while retaining the flexibility to invest up to 20% in mid- and small-cap stocks when opportunities arise. With its disciplined investment process, robust portfolio construction, and consistent execution over the past 20 years, the fund remains well-positioned to help investors participate in India's long-term growth story while maintaining portfolio stability.