Large & Mid Cap Fund
SEBI Risk: Very High
AMC: SBI Mutual Fund
SBI Large & Midcap Fund - Direct Plan - Growth
Benchmark: NIFTY LargeMidcap 250 TRI • Manager: Saurabh Pant • Portfolio Date: 2026-09-30
Composite Health Score
Coverage Pending
64.7% / 70.0% Verified
Look-Through Forensic Audit pending underlying constituent coverage. Full holdings breakdown available below.
Under SEBI RA 2014 Sec. 2(u) non-advisory standards, we strictly require verified 7-pillar institutional research on ≥70% of equity holdings (currently 64.7%) before issuing quantitative composite scores or qualitative AI audit narratives.
⚠️ Fiduciary Surveillance Alerts Triggered (1)
- Look-Through Forensic Audit pending underlying constituent coverage (64.7% verified vs 70.0% threshold). Composite Health Score & qualitative narrative paused.
7-Pillar Equity Look-Through Synthesis
Constituent Forensic Metrics & Solvency Look-Through
Aggregated directly from verified 7-pillar institutional stock dossiers in reports.db.
⏸️
Forensic Look-Through Meters Paused Pending Research Coverage
Detailed aggregate metrics (Weighted Moat Index, Accounting Risk ASRI, DCF Margin of Safety, and Promoter Pledge Exposure) require audited 7-pillar research on ≥70% of equity holdings. Current verified constituent coverage is 64.7%.
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Deep-Dive Stock Forensic Audit Option
Layer 1 Active (1 Credit)
5 of 9 equity constituents have full 7-pillar dossiers in reports.db (22.7% weight). 4 stocks (12.4% weight) are currently evaluated via deterministic fundamental ratios.
Deep Dive Cost
4 Credits
(4 stocks)
01: Dual-Sleeve Constituent Decomposition
Equity holdings evaluated via Forensic Equity Engine; Debt/bonds evaluated via Credit & Solvency Engine.
Equity: 35.1% (Score: Pending)
Debt: 0.0% (Score: 0.0)
Cash / TREPS: 11.1%
| Identifier | Security Name | Type | Weight | Sector / Rating | Engine Score | Diagnostic Notes |
|---|---|---|---|---|---|---|
| TREPS | Repo Margin | CASH_EQUIVALENT | 11.1% | CASH | 100.0 | Liquid Cash / Sovereign Collateral |
| ICICIBANK ↗ | ICICI Bank Ltd | EQUITY | 5.8% | Private Banks | 82.0 | Verified 7-Pillar Equity Dossier Available |
| HDFCBANK ↗ | HDFC Bank Ltd | EQUITY | 5.2% | Private Banks | 82.0 | Verified 7-Pillar Equity Dossier Available |
| RELIANCE ↗ | Reliance Industries Ltd | EQUITY | 4.5% | Energy & Petrochemicals | 82.0 | Verified 7-Pillar Equity Dossier Available |
| INFY ↗ | Infosys Ltd | EQUITY | 4.1% | IT Services | 82.0 | Verified 7-Pillar Equity Dossier Available |
| MAXHEALTH ↗ | Max Healthcare Institute | EQUITY | 3.5% | Healthcare Services | 78.0 | Solid Core Holding (Pending 7-Pillar Audit) |
| BHARATFORG ↗ | Bharat Forge Ltd | EQUITY | 3.2% | Auto Ancillary | 76.0 | Solid Core Holding (Pending 7-Pillar Audit) |
| TATACOMM ↗ | Tata Communications Ltd | EQUITY | 3.1% | Telecom Services | 82.0 | Verified 7-Pillar Equity Dossier Available |
| FEDERALBNK ↗ | Federal Bank Ltd | EQUITY | 2.9% | Banks | 73.0 | Solid Core Holding (Pending 7-Pillar Audit) |
| COFORGE ↗ | Coforge Ltd | EQUITY | 2.8% | IT Services | 77.0 | Solid Core Holding (Pending 7-Pillar Audit) |
02: True Diversification & Active Share
Exposing Closet Indexing: Active Share AS = 0.5 × ∑|w_fund - w_bench|
Active Share Score
69.5%
TRUE_ACTIVE_ALPHA
High Active Share: Portfolio significantly deviates from the passive benchmark, justified active fee.
Top 10 Holdings Concentration:
46.2%
03 & 04: Risk-Adjusted Alpha & Downside Capture
Evaluating asymmetrical compounding: Downside Capture Ratio vs Upside Capture Ratio.
Sortino Ratio
1.9
Downside Risk Only
Downside Capture
68.0%
Benchmark: ≤ 75%
Capture Spread
+35.0%
UCR (103.0%) - DCR
Hurst Exponent (H)
0.62
Persistent Momentum
3-Year Rolling Return Consistency:
82.0% of windows
05: Intermediary Fee Drag & Wealth Destruction
Direct Plan vs Regular Plan: Compounded wealth transfer to distributor commissions over time.
Annual Distributor Commission Drag
84.0 bps / yr (1.68% - 0.84%)
| Time Horizon | Direct Plan Value (Net) | Regular Plan Value (Net) | Cumulative Wealth Lost | Percentage Corpus Destroyed |
|---|---|---|---|---|
| 5 Years | ₹1,697,238 | ₹1,634,072 | -₹63,165 | 3.7% |
| 10 Years | ₹2,880,616 | ₹2,670,192 | -₹210,424 | 7.3% |
| 15 Years | ₹4,889,090 | ₹4,363,287 | -₹525,803 | 10.8% |
| 20 Years | ₹8,297,949 | ₹7,129,927 | -₹1,168,022 | 14.1% |
💡 Fiduciary Takeaway: A ₹10.0 Lakh investment loses ₹210,424 over 10 years purely to distributor commissions in the Regular plan.
06: Institutional Forensic Qualitative Audit Dossier (Coverage Pending)
# 06: Institutional Forensic Qualitative Audit Dossier
**Fiduciary Notice under SEBI (Research Analysts) Regulations, 2014 Section 2(u):**
The underlying equity constituent look-through coverage for **SBI Large & Midcap Fund - Direct Plan - Growth** currently stands at **64.7%**, which is below our strict institutional threshold of **70.0%**.
To maintain Zero-Hallucination integrity and prevent misleading investors with unverified proxy assumptions:
1. **Composite Health Scoring & Qualitative Moat Narrative are temporarily paused** until verified 7-pillar company dossiers are compiled for the remaining constituents.
2. **Statutory Non-Look-Through Analytics remain 100% active:**
- Full disclosed constituent holdings table (equity, debt, TREPS).
- Active Share closet-indexing diagnostic.
- 10-year direct vs. regular TER fee drag schedule.
- AUM scale and mandate liquidity warnings.
Forensic Intelligence Desk
SEBI RA Sec. 2(u):
Descriptive diagnostics & Pre-Mortem stress-testing only. Non-advisory software utility.
⚡ Forensic Desk
⌘K