Fidelity ZERO Large Cap Index Fund Returns Calculator
Calculate historical returns and project future compounding for Fidelity ZERO Large Cap (FNILX). Test different monthly amounts, tenures, and step-up scenarios using real historical NAV performance.
Category
Large Blend (US)
AUM
$19.35 Billion
Expense Ratio
0.00%
Fund Manager
Geode Capital Management
Fidelity ZERO Large Cap (FNILX) Historical SIP Performance & Returns Table
Historical value of standard monthly SIP investments based on actual fund CAGRs.
| Monthly SIP | 3 Years @ 23.1% CAGR | 5 Years @ 13.6% CAGR | 10 Years @ 2018.0% CAGR |
|---|---|---|---|
| $100/mo | $5,224 Invested: $3,600 | $8,611 Invested: $6,000 | $408,545,210,697,840,000,000,000,000,000,000,000,000,000,000,000,000,000 Invested: $12,000 |
| $250/mo | $13,059 Invested: $9,000 | $21,528 Invested: $15,000 | $1,021,363,026,744,600,000,000,000,000,000,000,000,000,000,000,000,000,000 Invested: $30,000 |
| $500/mo | $26,119 Invested: $18,000 | $43,056 Invested: $30,000 | $2,042,726,053,489,200,000,000,000,000,000,000,000,000,000,000,000,000,000 Invested: $60,000 |
| $1,000/mo | $52,237 Invested: $36,000 | $86,112 Invested: $60,000 | $4,085,452,106,978,400,000,000,000,000,000,000,000,000,000,000,000,000,000 Invested: $120,000 |
| $2,500/mo | $130,594 Invested: $90,000 | $215,279 Invested: $150,000 | $10,213,630,267,446,000,000,000,000,000,000,000,000,000,000,000,000,000,000 Invested: $300,000 |
* Projections calculated using actual historical 3-year (23.1%), 5-year (13.55%), and 10-year (2018%) performance data. Actual mutual fund returns fluctuate with market NAV.
About Fidelity ZERO Large Cap Index Fund
Fidelity ZERO Large Cap Index Fund (FNILX) is a groundbreaking zero-expense-ratio mutual fund. Designed as a cornerstone equity holding for Fidelity retail accounts, FNILX tracks the 500 largest US companies with literally zero management fees.
Investment Strategy
Passive Zero-Fee Indexing â Replicates the performance of the Fidelity U.S. Large Cap Index, investing across approximately 500 of the largest publicly traded corporations in the United States weighted by market capitalization.
Key Facts
- Industry-pioneering 0.00% expense ratio â absolutely zero management fees
- Zero minimum investment requirement ($0 initial minimum)
- Tracks ~500 leading US corporations matching S&P 500 performance
- Over $18.7 Billion in assets under management
Historical Returns
3-Year CAGR
23.1%
5-Year CAGR
13.55%
10-Year CAGR
N/A (Inception 2018)
Benchmark
Fidelity U.S. Large Cap Index
Historical annualized returns as of August 2026. Past performance is no guarantee of future results.
Top Holdings & Sector Allocation
As of September 2026, Fidelity ZERO Large Cap (FNILX)'s portfolio includes:
Top 5 Holdings
- Microsoft Corp. (MSFT)
- Apple Inc. (AAPL)
- NVIDIA Corp. (NVDA)
- Amazon.com Inc. (AMZN)
- Meta Platforms Inc. (META)
Sector Allocation
Information Technology 32.4%, Financials 12.8%, Healthcare 11.5%, Consumer Discretionary 10.1%, Communication Services 9.0%, Industrials 8.4%, Others 15.8%
Risk & Drawdowns
Standard deviation is ~15.0% matching broad large-cap equity markets.
Experienced -33.9% drawdown in early 2020 and -23.9% in 2022.
Tax Treatment
Minimal capital gain distributions; optimal in tax-sheltered IRA and HSA accounts.
Who Should NOT Invest in Fidelity ZERO Large Cap (FNILX)?
Investors who frequently transfer accounts between competing brokerage platforms.
About the Fund Manager
Sub-advised by Geode Capital Management, Fidelity's institutional indexing partner.
Who Is This Fund Suitable For?
Ideal for Fidelity IRA, HSA, and retail brokerage account holders seeking true zero-cost large-cap core equity exposure.
More Funds from Fidelity & Similar Schemes
Similar Funds to Consider
- Fidelity 500 Index Fund (FXAIX)
- BNY Mellon US Large Cap Core ETF (BKLC)
- Schwab S&P 500 Index Fund (SWPPX)
Or compare side by side using our main SIP calculator â you can test different funds with the same investment amount and dates to see which performed better.
Other Tools for Fidelity ZERO Large Cap (FNILX) Investors
- FIRE Calculator â Plan your retirement corpus with Fidelity ZERO Large Cap (FNILX) as part of your portfolio
- Cost of Delay Calculator â See how much delaying your SIP in Fidelity ZERO Large Cap (FNILX) could cost you
- SIP vs EMI Calculator â Compare investing in Fidelity ZERO Large Cap (FNILX) vs paying off loans
Frequently Asked Questions About Fidelity ZERO Large Cap (FNILX)
What is the historical SIP return of Fidelity ZERO Large Cap (FNILX)?
Based on the latest data, Fidelity ZERO Large Cap (FNILX) has delivered an annualized return (CAGR) of 23.1% over 3 years, 13.55% over 5 years, and N/A (Inception 2018) over 10 years. Experienced -33.9% drawdown in early 2020 and -23.9% in 2022.
How is Fidelity ZERO Large Cap (FNILX) SIP return calculated?
SIP returns are calculated using the XIRR (Extended Internal Rate of Return) method. Each monthly installment buys units at the fund's Net Asset Value (NAV) on that specific day. When markets are down, your SIP buys more units, and when markets are up, it buys fewer units (rupee cost averaging). Our calculator replays this exact process using historical NAV data to compute the precise current value of your accumulated units.
How much return would $500 monthly SIP in Fidelity ZERO Large Cap (FNILX) generate over 5 years?
At an estimated annual return rate of 13.55%, a monthly $500 investment ($30,000 total invested) would grow to approximately $43,056 in 5 years, yielding an estimated wealth gain of $13,056. Use our interactive calculator above to test custom amounts with actual historical NAV data.
What are the top holdings in Fidelity ZERO Large Cap (FNILX)?
Fidelity ZERO Large Cap (FNILX)'s top holdings include Microsoft Corp. (MSFT), Apple Inc. (AAPL), NVIDIA Corp. (NVDA), and Amazon.com Inc. (AMZN). The fund's sector allocation is Information Technology 32.4%, Financials 12.8%, Healthcare 11.5%, Consumer Discretionary 10.1%, Communication Services 9.0%, Industrials 8.4%, Others 15.8%.
What is the risk profile of Fidelity ZERO Large Cap (FNILX)?
Standard deviation is ~15.0% matching broad large-cap equity markets. This fund may not be suitable for investors who frequently transfer accounts between competing brokerage platforms..
What are the tax implications of investing in Fidelity ZERO Large Cap (FNILX)?
Minimal capital gain distributions; optimal in tax-sheltered IRA and HSA accounts.
Data last updated: September 2026 | Fund data sourced from SEC filings and public exchanges
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