Large mid cap funds, also called large and mid cap funds, must keep at least 35% in large caps and 35% in mid caps, which blends the stability of blue chips with the growth of mid-sized companies. The live table below ranks every scheme in the category by 1-year return with 3-year and 5-year CAGR.
Large and mid cap mutual funds invest in both large cap (top 100) and mid cap (101-250) companies, with a minimum 35% allocation to each segment. This combination offers the stability of large caps along with the growth potential of mid caps, making them a balanced choice for investors seeking better returns than pure large cap funds without the full volatility of mid cap funds.
These funds bridge the gap between conservative large cap investing and aggressive mid cap investing. They are well-suited for investors with a 5-7 year horizon who want to participate in mid cap growth while maintaining a large cap safety net.
| # | Fund Name | NAV (₹) | 1Y Return ▼ | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| 1 | Quant Large & Mid Cap Fund | 142.33 | +9.23% | +14.76% | +14.83% |
| 2 | Motilal Oswal Large and Midcap Fund | 41.15 | +7.49% | +21.75% | +18.58% |
| 3 | HSBC Large & Mid Cap Fund | 33.57 | +6.87% | +16.94% | +13.60% |
| 4 | Invesco India Large & Mid Cap Fund | 137.66 | +6.17% | +21.78% | +16.17% |
| 5 | Axis Large & Mid Cap Fund | 39.70 | +4.63% | +14.75% | +10.91% |
| 6 | Sundaram Large and Midcap Fund | 103.33 | +4.41% | +13.61% | +11.18% |
| 7 | BANK OF INDIA LARGE & MID CAP FUND | 112.14 | +3.51% | +12.94% | +10.66% |
| 8 | Union Large & Midcap Fund | 30.30 | +3.25% | +12.74% | +10.70% |
| 9 | Aditya Birla Sun Life Large & Mid Cap Fund | 1,076.96 | +2.41% | +10.77% | +6.17% |
| 10 | ITI Large & Mid Cap Fund | 10.45 | +2.25% | — | — |
| 11 | Mahindra Manulife Large & Mid Cap Fund | 32.26 | +2.09% | +11.41% | +11.08% |
| 12 | Helios Large & Mid Cap Fund | 11.99 | +2.08% | — | — |
| 13 | Bandhan Large & Mid Cap Fund | 168.76 | +1.88% | +17.07% | +15.43% |
| 14 | Navi Large & Midcap Fund | 45.09 | +1.51% | +9.53% | +9.43% |
| 15 | JM Large & Mid Cap Fund | 11.10 | +1.47% | — | — |
| 16 | WhiteOak Capital Large & Mid Cap Fund | 14.77 | +1.44% | — | — |
| 17 | Edelweiss Large & Mid Cap Fund | 109.46 | +0.88% | +13.48% | +11.65% |
| 18 | Baroda BNP Paribas Large and Mid Cap fund | 30.80 | -0.28% | +13.25% | +10.86% |
| 19 | UTI Large & Mid Cap Fund | 203.14 | -0.32% | +13.73% | +12.83% |
| 20 | SBI LARGE & MIDCAP FUND | 707.34 | -0.41% | +11.98% | +12.02% |
| 21 | Bajaj Finserv Large & Mid Cap Fund | 13.11 | -0.54% | — | — |
| 22 | Mirae Asset Large & Midcap Fund | 180.52 | -0.79% | +10.88% | +9.39% |
| 23 | Kotak Large & Mid Cap Fund | 415.28 | -1.67% | +12.41% | +12.63% |
| 24 | PGIM India Large and Midcap Fund - Direct Plan | 13.60 | -1.77% | — | — |
| 25 | LIC MF Large & Mid Cap Fund | 45.38 | -2.06% | +12.58% | +9.76% |
| 26 | HDFC Large & Mid Cap Fund | 371.30 | -2.61% | +11.96% | +12.64% |
| 27 | Nippon India Vision Large & Mid Cap Fund | 1,614.06 | -2.97% | +13.64% | +11.64% |
| 28 | ICICI Prudential Large & Mid Cap Fund | 1,150.15 | -2.98% | +14.11% | +13.63% |
| 29 | Canara Robeco Large and Mid Cap Fund | 306.33 | -3.71% | +11.75% | +9.11% |
| 30 | DSP Large & Mid Cap Fund | 713.73 | -4.47% | +12.46% | +10.63% |
| 31 | Franklin India Large & Mid Cap Fund | 211.78 | -4.84% | +10.49% | +8.31% |
| 32 | Samco Large & Mid Cap Fund | 9.53 | -5.88% | — | — |
| 33 | Tata Large & Mid Cap Fund | 562.20 | -7.26% | +6.28% | +8.58% |
| 34 | Abakkus Large & Mid Cap Fund | 9.94 | — | — | — |
| 35 | The Wealth Company Large & Mid Cap Fund | 10.27 | — | — | — |
| 36 | Choice Large & Mid Cap Fund | 10.18 | — | — | — |
| 37 | TRUSTMF LARGE & MIDCAP FUND | 10.43 | — | — | — |
Data sourced from AMFI & mfapi.in. Returns are annualised CAGR. Past performance doesn't guarantee future results. Last updated: 12 Nov 2026
Frequently Asked Questions
What is the allocation rule for large and mid cap funds?
SEBI mandates a minimum 35% allocation to large cap stocks and 35% to mid cap stocks. The remaining 30% can be invested across any market cap at the fund manager’s discretion.
Are large and mid cap funds better than flexi cap?
Neither is universally better. Large and mid cap funds offer more predictable allocation, while flexi cap funds offer more flexibility. Your choice depends on whether you prefer structure or flexibility.
What is the ideal SIP amount for these funds?
Most fund houses allow SIPs starting from Rs 500. Financial advisors suggest allocating 20-30% of your monthly equity SIP to large and mid cap funds as part of a diversified portfolio.
How do these funds perform during market corrections?
Large and mid cap funds tend to fall less than pure mid cap funds during corrections due to the 35% large cap cushion, while recovering well during market rallies.
What Are Large & Mid Cap Mutual Funds?
Large & Mid Cap funds must invest a minimum of 35% in large cap stocks (top 100 by market cap) and 35% in mid cap stocks (ranked 101-250). The remaining 30% can be invested at the fund manager’s discretion across any market cap segment. This category bridges the gap between the stability of large cap funds and the growth potential of mid cap funds, offering a balanced equity exposure in a single fund.
Why Large & Mid Cap Funds Offer the Best of Both Worlds
The mandatory 35% large cap allocation provides a stability floor during market downturns, these blue-chip holdings cushion the fall when markets correct sharply. Simultaneously, the 35% mid cap allocation captures the growth upside from emerging companies that are scaling up. Historically, large & mid cap funds have delivered 13-15% CAGR over 10-year periods, outperforming pure large cap funds by 1-2% while exhibiting lower volatility than pure mid cap funds.
This category is particularly well-suited for investors who want higher returns than a large cap fund but aren’t comfortable with the full volatility of a mid cap fund. It’s an excellent “one-fund equity solution” for moderately aggressive investors with a 5-7+ year horizon.
How Large & Mid Cap Funds Compare to Other Categories
Compared to flexi cap funds, large & mid cap funds provide more predictable allocation, you always know roughly 70% is in the top 250 companies. Compared to multi cap funds, they avoid the mandatory small cap exposure (25%), making them less volatile during small cap sell-offs. The trade-off is that they miss the small cap upside during broad-based rallies. Choose large & mid cap funds if you want a middle ground between pure large cap and diversified equity.
Selection Criteria and Investment Strategy
When comparing funds, focus on how the manager deploys the 30% discretionary allocation: does it go into small caps for added growth or large caps for extra safety? Check downside protection metrics during the 2020 crash, funds that fell less than 25% while peers fell 30-35% demonstrate better risk management. Compare expense ratios (direct plans typically 0.5-1%) and ensure the fund consistently beats the Nifty Large Midcap 250 TRI benchmark. Start with a monthly SIP and plan for at least a 5-year investment horizon.
Large & Mid Cap Funds: Key Takeaways
This category suits investors who want mid cap exposure without going all-in, over 5 to 7 years. Because the rule only fixes the 35% floors, check the factsheet to see where the manager actually sits above them. Gains are taxed under equity rules: 20% on units sold within 12 months and 12.5% on gains above Rs 1.25 lakh a year after that. Compare other categories on the mutual fund categories hub, see flexi cap funds for more freedom, estimate returns with the SIP calculator and read scheme documents on AMFI and SEBI before you invest. Mutual fund investments are subject to market risks.