Looking at large cap mutual fund holdings

Asset Allocation of Top Large Cap Mutual Funds

Lets compare the asset allocation of the top 4 large-cap mutual funds by performance with the Nifty Index. We had already looked at the morningstar data for allocation in terms of market capitalization.

Lets review the top holdings for a Nifty ETF

HDFC Bank Ltd	Equity	BANKS	8.5189
ITC Ltd	Equity	CONSUMER NON DURABLES	7.191
Housing Development Finance Corp Ltd	Equity	FINANCE	7.1047
Infosys Ltd	Equity	SOFTWARE	6.0953
Reliance Industries Ltd	Equity	PETROLEUM PRODUCTS	5.6818
ICICI Bank Ltd	Equity	BANKS	5.1427
Total			39.7344

Now holdings for the top 4 funds over a 10year period are presented below, notice the handful of stocks that are repeated in every fund's holding in about similar percentages, how are you going to select a fund to invest in, perhaps you have an advisor with the crystal ball ? I am wondering if the 80/20 strategy of Nifty/Micap is the way to go and get a decent return without trying to predict the performance of individual managers ?

Birla Sunlife
ER 2.27%
		HDFC Bank Ltd	Equity	BANKS	6.6396	9882.438	7680751	7437751	30/04/2007
		Infosys Ltd	Equity	SOFTWARE	4.2576	6336.926	6824172	6431672	30/04/2005
		ITC Ltd	Equity	CONSUMER NON DURABLES	3.666	5456.529	21141142	21141142	31/01/2008
		ICICI Bank Ltd	Equity	BANKS	3.5918	5345.978	19877219	19877219	31/10/2009
		Tata Motors Ltd	Equity	AUTO	3.4121	5078.559	9700236	9700236	31/08/2013
		Sum			21.5671
Uti Prim Opp Growth
ER 2.31%		HDFC Bank Ltd	Equity	BANKS	8.1337	3555.014	2763000	2862000	31/03/2012
		Infosys Ltd	Equity	SOFTWARE	6.4736	2829.444	3047000	3087000	30/04/2008
		IndusInd Bank Ltd	Equity	BANKS	4.8469	2118.469	1692000	1737000	30/04/2015
		Hero MotoCorp Ltd	Equity	AUTO	3.9847	1741.62	549000	562500	31/03/2012
		Reliance Industries Ltd	Equity	PETROLEUM PRODUCTS	3.917	1712.038	1638000	1638000	31/08/2012
		Maruti Suzuki India Ltd	Equity	AUTO	3.5198	1538.399	261000	270000	30/06/2012
					22.742
HDFC Top 200 Gr
ER 2.25		State Bank of India	Equity	BANKS	6.6342	8705.974	33439500	33439500	31/01/2003
		HDFC Bank Ltd	Equity	BANKS	6.6031	8665.177	6734681	6734681	31/01/2010
		ICICI Bank Ltd	Equity	BANKS	6.287	8250.372	30676230	30676230	31/12/2005
		Larsen & Toubro Ltd	Equity	CONSTRUCTION PROJECT	5.7337	7524.191	5202552	5202552	31/08/2006
		Infosys Ltd	Equity	SOFTWARE	4.7546	6239.39	6719136	6719136	31/08/2004
		Reliance Industries Ltd	Equity	PETROLEUM PRODUCTS	3.8586	5063.609	4844632	4844632	31/03/2006
					27.237
HDFC Equity Gr
ER 2.20		ICICI Bank Ltd	Equity	BANKS	9.1146	15178.117	56434718	55640718	31/10/2009
		State Bank of India	Equity	BANKS	9.013	15008.886	57648880	57648880	31/01/2003
		Larsen & Toubro Ltd	Equity	CONSTRUCTION PROJECT	7.5435	12561.831	8685795	8685795	31/05/2012
		Infosys Ltd	Equity	SOFTWARE	6.0066	10002.49	10771581	10771581	31/10/2008
		Maruti Suzuki India Ltd	Equity	AUTO	5.134	8549.48	1450478	1450478	31/03/2013
		HDFC Bank Ltd	Equity	BANKS	4.5254	7536.002	5857072	5857072	31/07/2013
		Tata Steel Ltd	Equity	FERROUS METALS	4.4306	7378.013	15933513	15933513	31/01/2010
					27.6401