Parag Parikh
Large Cap Fund
Low Cost. Efficient Access. India's Top Companies.
An open-ended equity scheme predominantly investing in the top 100 large-cap stocks. Invest via GarudVista Financial Services LLP.
AMFI-registered Mutual Fund Distributor | SEBI compliant onboarding & investing | ARN-345364
NFO Schedule 2026
Opens On
Jan 19, 2026
Closes On
Jan 30, 2026
Scheme Reopens on Feb 06, 2026
What is this Fund trying to do?
The fund seeks to provide low-cost, broad large-cap exposure with implementation designed to reduce trading and impact costs while keeping returns close to the index over time.
Broad Diversification
Exposure to India's top 100 large-cap companies provides broad market coverage.
Lower Costs
Reduced expenses mean more of your returns stay in your pocket.
Low Active Share
Lower risk in choosing stocks and managing the portfolio versus the benchmark index.
Smart Execution
Investing strategies that reduce execution costs and improve net returns.
Why Nifty 100?
The Nifty 100 provides a superior balance of market coverage and profit pool representation compared to narrower indices like the Sensex or Nifty 50.
"More diversified coverage versus other well known Large Cap indices."
| Feature | Sensex | Nifty 50 | Nifty 100 |
|---|---|---|---|
| Number of Firms | 30 | 50 | 100 |
| Market Cap Coverage | 40% | 50% | 68% |
| Profit Pool Coverage | 46% | 56% | 76% |
*Data as of 30th Nov 2025. Source: Bloomberg.
Who decides what to Buy?
A blend of Rules-Driven Selection & Smart Team Execution.
Rules Driven
Stock Selection
Nifty 100 Universe
Covers the top 100 companies as per Market Capitalization.
Stock Weightage
Based on the stock's free-float market capitalization.
Strict Capping
Weight of any single holding is strictly capped at 10%.
Team Chooses
Optimal Implementation
"Positions are implemented using efficient instruments and timing to achieve portfolio alignment."
Efficient Instruments
Using futures or other derivatives when they offer better value than cash market.
Smarter Execution
Gradual rebalancing and phasing entries/exits to reduce impact costs.
Smart Execution Strategies
Five distinct ways we optimize for efficiency and value.
Single-Stock Futures
Used when near-month futures trade at a discount to cash price. Buying futures instead of spot can create an arbitrage advantage.
Index Futures
During market dislocations, if Index Futures trade at a discount, we utilize them to reduce overall implementation costs efficiently.
Merger Arbitrage
Buying the merging company's stock at a discount to the swap ratio (e.g., HDFC Ltd vs HDFC Bank) to capture risk-free alpha.
Smart Rebalancing
Instead of transacting on the exact Index rebalancing date (high volatility), we rebalance gradually to seek better execution prices.
Opportunistic Active Share
Managing Corporate Actions (like demergers) by phasing entries/exits to reduce impact cost, while strictly keeping total active share < 10%.
Smart Execution in Action
Merger Arbitrage Opportunity: When a company in the index merges with another, the fund may buy the stock at a discount to the merger ratio for better execution.
HDFC Ltd & HDFC Bank Merger
Example Date: 13th April 2022
Value Capture
Buying the merging entity at a discount improves entry price compared to buying the parent directly.
Is this fund for you?
Ideal for Investors who:
- Want broad exposure to India's top 100 companies.
- Prefer lower costs compared to typical active funds.
- Have a long-term investment horizon (5+ years).
Not suitable if you:
- Seek to significantly outperform the index (Generate Alpha).
- Want concentrated bets on specific stocks or sectors.
- Have a short-term investment horizon.
Scheme Details & Risk Profile
Key Facts and Product Label
Product Labelling
This product is suitable for investors who are seeking:
- Wealth creation over long term.
- To invest predominantly in equity and equity related instruments of large cap companies.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
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Large Quant Models
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