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 – Growth Option | 140.50 | +14.19% | +15.26% | +16.09% |
| 2 | Motilal Oswal Large and Midcap Fund | 40.93 | +13.49% | +23.09% | +18.94% |
| 3 | HSBC Large & Mid Cap Fund | 33.25 | +13.30% | +18.32% | +15.06% |
| 4 | Sundaram Large and Midcap Fund Direct Plan – Growth | 108.69 | +12.02% | +15.34% | +12.63% |
| 5 | BANK OF INDIA Large & Mid Cap Fund Direct Plan-Growth | 109.16 | +10.51% | +14.50% | +12.48% |
| 6 | Invesco India Large & Mid Cap Fund | 132.62 | +10.16% | +23.21% | +17.66% |
| 7 | Axis Large & Mid Cap Fund | 39.43 | +8.99% | +15.83% | +12.87% |
| 8 | Whiteoak Capital Large & Mid Cap Fund Direct Plan Growth | 14.72 | +8.90% | — | — |
| 9 | Aditya Birla Sun Life Large & Mid Cap Fund – Growth | 1,090.38 | +8.78% | +11.80% | +8.38% |
| 10 | Mahindra Manulife Large & Mid Cap Fund | 31.78 | +8.64% | +13.11% | +13.64% |
| 11 | Helios Large & Mid Cap Fund – Direct Plan – Growth Option | 11.75 | +8.55% | — | — |
| 12 | Navi Large & Midcap Fund- Direct Plan- Growth Option | 45.49 | +8.25% | +10.60% | +11.58% |
| 13 | ITI Large & Midcap Fund | 10.36 | +8.21% | — | — |
| 14 | Edelweiss Large & Mid Cap Fund – Direct Plan – Growth Option | 109.94 | +8.10% | +14.95% | +13.75% |
| 15 | Union Large & Midcap Fund – Direct Plan – Growth Option | 29.96 | +7.93% | +13.35% | +12.23% |
| 16 | JM Large & Mid Cap Fund (Direct) – Growth Option | 11.02 | +7.73% | — | — |
| 17 | Bandhan Large & Mid Cap Fund | 167.20 | +7.63% | +18.67% | +17.19% |
| 18 | Mirae Asset Large & Midcap Fund | 180.65 | +6.81% | +12.77% | +11.24% |
| 19 | Baroda BNP Paribas Large and Mid Cap Fund- Direct Plan -Growth Option | 30.63 | +6.35% | +14.29% | +13.17% |
| 20 | UTI Large & Mid Cap Fund – Direct Plan – Growth Option | 203.32 | +6.13% | +15.64% | +14.53% |
Data sourced from AMFI & mfapi.in. Returns are annualised CAGR. Past performance doesn’t guarantee future results. Last updated: 18 Aug 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.
