Large & Mid Cap Mutual Funds in India
Updated November 2026 · 41 active funds · data from AMFI NAVs · benchmark: NIFTY LargeMidcap 250 TRI
Large & Mid Cap funds are SEBI-mandated to invest at least 35% in large-cap stocks (top 100 by market cap) and at least 35% in mid-cap stocks (companies ranked 101-250), with the balance at the manager's discretion. This twin-minimum structure forces meaningful exposure to both the stability of blue chips and the higher growth potential of mid-sized companies in a single fund. The result sits between a pure large-cap and a pure mid-cap fund on the risk-return spectrum: more volatile than a large-cap fund, but typically steadier than a dedicated mid-cap fund. Investors often use these funds to capture mid-cap upside without taking the full plunge, or as a one-fund blend of two cap segments. The default benchmark on FindMF is the NIFTY LargeMidcap 250 TRI, which combines the NIFTY 100 and NIFTY Midcap 150 in equal weight - closely mirroring the mandated 50/50 tilt. FindMF computes trailing returns, volatility, Sharpe, Sortino, drawdown and alpha/beta against this benchmark from AMFI daily NAVs under a disclosed methodology, so you can evaluate how each fund has balanced the two cap buckets historically.
Who it suits: Investors who want a built-in blend of large-cap stability and mid-cap growth without holding two separate funds.
79% of the 33 funds here with a computed alpha beat their benchmark over the measured window (positive alpha). Past performance is not indicative; this is analysis, not advice.
| # | Scheme | 1Y | 3Y | 5Y | Sharpe | Max DD | TER | AUM |
|---|---|---|---|---|---|---|---|---|
| 1 | Invesco India Large & Mid Cap Fund Invesco | +13.85% | +23.35% | +17.64% | 0.71 | -19.9% | 0.63% | ₹9.1K Cr |
| 2 | Motilal Oswal Large and Midcap Fund Motilal Oswal | +8.86% | +21.25% | +18.11% | 0.74 | -26.1% | 0.86% | ₹14.8K Cr |
| 3 | HSBC Large & Mid Cap Fund HSBC | +11.99% | +18.48% | +14.39% | 0.60 | -25.1% | 1.45% | ₹4.6K Cr |
| 4 | Bandhan Large & Mid Cap Fund Bandhan | +3.30% | +18.10% | +16.16% | 0.73 | -18.3% | 2.55% | ₹14.2K Cr |
| 5 | UTI Large & Mid Cap Fund UTI | +2.59% | +15.81% | +13.47% | 0.62 | -18.3% | 1.36% | ₹5.6K Cr |
| 6 | Axis Large & Mid Cap Fund Axis | +7.47% | +15.77% | +11.60% | 0.54 | -21.3% | 0.71% | ₹15.2K Cr |
| 7 | quant Large & Mid Cap Fund quant | +12.26% | +15.37% | +15.23% | 0.61 | -24.1% | 2.06% | ₹3.1K Cr |
| 8 | Baroda BNP Paribas Large and Mid Cap Fund Baroda BNP Paribas | +3.70% | +15.24% | +12.10% | 0.55 | -20.6% | 1.65% | ₹1.7K Cr |
| 9 | ICICI Prudential Large & Mid Cap Fund ICICI Prudential | -1.86% | +15.14% | +13.91% | 0.71 | -14.8% | 1.04% | ₹27.8K Cr |
| 10 | Nippon India Vision Large & Mid Cap Fund Nippon India | -0.33% | +15.11% | +12.36% | 0.55 | -19.1% | 2.27% | ₹659 Cr |
| 11 | BANK OF INDIA Large & Mid Cap Fund Bank of India | +8.29% | +15.00% | +12.10% | 0.51 | -21.2% | 1.20% | ₹440 Cr |
| 12 | Edelweiss Large & Mid Cap Fund Edelweiss | +4.52% | +14.91% | +12.70% | 0.56 | -18.2% | 0.53% | ₹4.3K Cr |
| 13 | DSP Large & Mid Cap Fund DSP | +0.91% | +14.76% | +12.29% | 0.49 | -19.5% | 1.13% | ₹17.2K Cr |
| 14 | Kotak Large & Midcap Fund Kotak Mahindra | +3.05% | +14.58% | +13.64% | 0.55 | -18.5% | - | ₹29.8K Cr |
| 15 | Nippon India Vision Large & Midcap Fund Nippon India | -1.02% | +14.43% | +11.74% | 0.51 | -19.3% | - | ₹6.1K Cr |
| 16 | BANK OF INDIA Large & Mid Cap Fund Eco Bank of India | +7.64% | +14.42% | +11.53% | 0.48 | -21.4% | - | ₹5 Cr |
| 17 | CANARA ROBECO LARGE AND MID CAP FUND Canara Robeco | +3.18% | +14.21% | +10.63% | 0.45 | -18.5% | 0.80% | ₹24.5K Cr |
| 18 | Union Large & Midcap Fund Union | +7.60% | +14.19% | +11.24% | 0.55 | -19.6% | 1.30% | ₹911 Cr |
| 19 | Sundaram Large and Midcap Fund Sundaram | +4.29% | +13.95% | +10.97% | 0.50 | -20.3% | 2.60% | ₹6.5K Cr |
| 20 | LIC MF Large & Mid Cap Fund LIC | +0.86% | +13.73% | +10.60% | 0.43 | -18.7% | 1.04% | ₹3.0K Cr |
Ranked by trailing return (3Y where available, else 1Y) on funds with at least one year of history. Returns, Sharpe, drawdown and TER are computed independently from AMFI NAVs - see methodology. No paid placement.
Frequently asked questions
How are Large & Mid Cap funds taxed?
These funds hold well over 65% in Indian equity, so they follow equity taxation: short-term gains (held under 12 months) are taxed at 20%, and long-term gains (held 12 months or more) at 12.5% on amounts above Rs 1.25 lakh per financial year.
What expense ratio is reasonable, and how do I compare these funds?
Direct-plan TERs here usually run modestly above pure large-cap funds because of the mid-cap research load. Since managers have wide latitude over the remaining 30%, dispersion between funds can be large - compare them on FindMF using long-term alpha versus the NIFTY LargeMidcap 250 TRI, volatility, drawdown and TER together, all computed from AMFI NAVs.
How are Large & Mid Cap funds different from Multi Cap funds?
Both span market caps, but a Multi Cap fund must hold at least 25% each in large, mid and small caps, whereas a Large & Mid Cap fund needs 35% each in large and mid with no small-cap floor. That makes Large & Mid Cap funds typically less small-cap-heavy.
How volatile are these funds?
They sit between large-cap and mid-cap funds in risk. The mandated mid-cap minimum means deeper drawdowns than a large-cap fund in corrections. FindMF's volatility and maximum-drawdown figures, derived from AMFI NAVs, show each fund's historical swings.