Bandhan Large Cap Fund has completed 20 years of operations, marking a significant milestone in its journey of delivering long-term wealth creation through a disciplined investment strategy centred on quality large-cap companies. Over the past two decades, the fund has navigated multiple market cycles, including phases of expansion, correction and structural changes, while maintaining its focus on investing in fundamentally strong businesses capable of generating consistent long-term returns.
The fund follows its Business, Management and Valuation (BMV) framework, investing in sector-leading companies with durable competitive advantages, sound governance standards and strong cash-flow generation. Stock selection is further guided by a five-parameter framework that evaluates normalised return on equity, long-term growth potential, capital allocation and governance, management execution and earnings predictability. While retaining a predominantly large-cap portfolio, the scheme has the flexibility to allocate up to 20 per cent of its assets to mid- and small-cap stocks when valuations are favourable.
Bandhan MF said the current market environment has strengthened the investment case for large caps, with the Nifty 100 trading at a price-to-earnings multiple of 21.1 as of May 2026, below its five-year average of 24.5, representing a discount of nearly 14 per cent. In comparison, mid- and small-cap indices continue to trade above their historical valuation averages. The fund noted that large-cap companies have historically demonstrated stronger downside resilience, lower drawdowns and relatively predictable earnings growth, making them a stable foundation for long-term portfolios.
In Guwahati, the growing adoption of mutual funds across Assam is encouraging investors to increasingly prefer large-cap schemes for long-term financial planning. Wealth managers in the city say investors are seeking stability amid volatile market conditions, and funds with disciplined investment processes, robust risk management and exposure to established businesses are witnessing sustained interest as investors look to balance capital appreciation with portfolio resilience.
