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Best Large & MidCap Mutual Funds

Large- and mid-cap mutual funds are equity funds that invest in a mix of large- and mid-cap companies. According to SEBI guidelines, these funds are required to invest at least 35% of their total assets each in large-cap and mid-cap stocks.

Large-cap companies are typically the top 100 companies as per market capitalisation. These companies are established market leaders with strong fundamentals and financials, and a solid track record. These companies are known for their stability and reliability.

Mid-cap companies are in their growth phase and have a lower market capitalisation than large-cap companies. These companies have the potential to grow rapidly and deliver higher returns. However, they are also highly volatile.

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List of Large And Midcap Mutual Funds in India

Fund NameCategoryRiskNAVExpense Ratio1Y Returns3Y Returns5Y ReturnsRatingFund Size (in Cr)Exit Load
Motilal Oswal Large and Midcap Fund
EquityModerately High37.580.695.3%27.8%28.7%5₹14,870
Exit load of 1%, if redeemed within 365 days.
Bandhan Large & Mid Cap Fund
EquityVery High162.290.567.6%24.2%26.1%5₹10,817
Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year.
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ICICI Prudential Large & Mid Cap Fund
EquityVery High1,160.970.789.1%21.9%27.6%5₹24,424
Exit load of 1% if redeemed within 1 month.
Invesco India Large & Mid Cap Fund
EquityVery High122.010.6112.1%25.5%24.4%4₹9,048
Exit load for units in excess of 10% of the investment, 1% will be charged for redemption within 1 year.
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UTI Large & Mid Cap Fund
EquityVery High196.130.984.1%21.7%25.8%4₹4,992
Exit load of 1% if redeemed less than 1 year
Nippon India Vision Large & Mid Cap Fund
EquityVery High1,604.321.235.4%20.9%23.2%4₹6,395
For units more than 10% of the investments, an exit load of 1% if redeemed within 12 months.
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HDFC Large and Mid Cap Fund
EquityVery High366.130.845.2%20.8%26.5%4₹26,949
Exit load of 1% if redeemed within 1 year
SBI Large & Midcap Fund
EquityVery High689.720.795.9%17.1%23.7%4₹34,065
Exit load of 0.10% if redeemed within 30 days.
DSP Large & Mid Cap Fund
EquityVery High702.410.553.6%20.6%22.9%3₹15,857
Exit load of 1% if redeemed less than 12 months
HSBC Large and Mid Cap Fund
EquityModerately High29.790.811.1%20.1%21.3%3₹4,416
Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year.
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Axis Large & Mid Cap Fund
EquityVery High36.670.64.6%19.9%21.9%3₹14,905
Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months.
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Kotak Large & Midcap Fund
EquityVery High400.090.534.5%19.3%22.7%3₹28,380
Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days
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Baroda BNP Paribas Large & Mid Cap Fund
EquityVery High29.390.821.0%18.8%22.7%3₹1,606
Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days.
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Edelweiss Large & Mid Cap Fund
EquityVery High103.830.423.3%18.4%22.4%3₹4,132
Exit load of 1%, if redeemed within 90 days.
Franklin India Large & Mid Cap Fund
EquityVery High214.551.285.8%17.9%21.4%3₹3,529
Exit load of 1% if redeemed within 1 year
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Who Should Invest in Large and Mid-Cap Mutual Funds?

As an investor, it is essential to know whether a mutual fund is suitable for you before investing your money.

  • Large- and mid-cap funds are ideal for investors looking to capitalise on the growth of mid-cap companies while benefiting from the stability of large-cap companies.
  • Being an equity fund, these mutual funds carry moderate to high risk, making it suitable for investors with a larger risk appetite.
  • Equity investments typically perform the best in the long run, making it suitable for investors with a long-term investment horizon.

Factors to Consider Before Investing in Large and Mid-Cap Mutual Funds

Risk Profile

Before investing, it is crucial to assess your risk tolerance. Although large-cap companies offer stability, mid-cap companies can be highly volatile. The performance of a large and mid-cap fund can fluctuate in the short term and requires a higher risk tolerance.

Investment Goals

As with any investment, it is essential to know your goals to choose the correct option. Your investment horizon and approach to investment also significantly influence your decision-making process.

Fund Strategy and Allocation

Large- and mid-cap funds are required to invest 35% in each market cap segment. However, some funds may allocate more to mid-caps, while others may take a conservative approach and allocate more to large caps. As an investor, it is important to know the fund’s strategy and asset allocation.

Performance Track Record

Compare the fund’s performance with its peers and the benchmark index. It is also essential to study how the fund performed in the past.

Costs and Charges

Expense ratios, exit loads, and other fees can affect overall returns. It is advisable to compare these costs across different funds before making an investment decision.

Benefits of Investing in Large and Mid-Cap Mutual Funds

Balanced Growth and Stability

One of the key advantages of large and mid-cap mutual funds is the balance they offer. Large-cap stocks offer stability and consistent performance, while mid-cap stocks offer higher growth potential. This reduces the risk of just investing in mid-caps and offers higher growth than a large-cap fund.

Diversification Across Market Segments

A large- and mid-cap fund helps diversify across market caps, sectors, and industries. Instead of investing in just one market cap, having large and mid-cap companies in the portfolio prevents over-concentration and spreads the risk.

Potential for Long-Term Wealth Creation

Large caps ensure steady growth, while mid-caps can deliver strong capital appreciation over the years. The combination of both makes these funds an ideal option for long-term wealth generation.

Risks Involved in Investing in Large and Mid-Cap Mutual Funds

While large and mid-cap mutual funds offer many benefits, they also carry certain risks that investors must be aware of.

Market Volatility

Equity mutual funds are subject to market fluctuations. Although large-cap stocks tend to be stable, mid-cap companies are highly volatile and more sensitive to market downturns.

Liquidity Risks

Mid-cap stocks are generally less liquid than large-cap stocks, which can pose challenges for fund managers when adjusting portfolios during volatile market conditions. 

Reliance on Fund Manager

The performance of large and mid-cap funds is significantly influenced by the fund manager’s decisions on stock selection and asset allocation. Improper stock selection or the fund manager's personal biases can impact returns.

Macroeconomic and Regulatory Risks

Economic slowdowns, policy changes, or sector-specific disruptions can affect company performance and, consequently, the returns from large and mid-cap mutual funds.

Taxation of Large and Mid-Cap Mutual Funds

Large and mid-cap mutual funds are classified as equity mutual funds, and the taxation rules applicable to equity funds apply to them as well.

  • If the units are sold within one year, the gains are treated as short-term capital gains (STCG) and taxed at 15% plus applicable surcharge and cess.
  • If the units are sold after one year and the gains exceed ₹1 lakh in a financial year, they are treated as long-term capital gains (LTCG) and taxed at 10% without indexation.

Dividends received from these funds are added to the investor’s income and taxed as per the applicable income tax slab.

Let's have a closer look

Now let us jump and check about these top 15 mutual fund schemes.

Motilal Oswal Large and Midcap Fund Direct Growth

Fund Performance: The Motilal Oswal Large and Midcap Fund has given 27.76% annualized returns in the past three years and 28.66% in the last 5 years. The Motilal Oswal Large and Midcap Fund comes under the Equity category of Motilal Oswal Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Motilal Oswal Large and Midcap Fund via lump sum is ₹500 and via SIP is ₹500.

Min Investment Amt₹500
AUM₹14,870Cr
1Y Returns5.3%

Bandhan Large & Mid Cap Fund Direct Growth

Fund Performance: The Bandhan Large & Mid Cap Fund has given 24.23% annualized returns in the past three years and 26.13% in the last 5 years. The Bandhan Large & Mid Cap Fund comes under the Equity category of IDFC Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Bandhan Large & Mid Cap Fund via lump sum is ₹1,000 and via SIP is ₹100.

Min Investment Amt₹1,000
AUM₹10,817Cr
1Y Returns7.6%

ICICI Prudential Large & Mid Cap Fund Direct Plan Growth

Fund Performance: The ICICI Prudential Large & Mid Cap Fund has given 21.91% annualized returns in the past three years and 27.59% in the last 5 years. The ICICI Prudential Large & Mid Cap Fund comes under the Equity category of ICICI Prudential Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Large & Mid Cap Fund via lump sum is ₹5,000 and via SIP is ₹100.

Min Investment Amt₹5,000
AUM₹24,424Cr
1Y Returns9.1%

Invesco India Large & Mid Cap Fund Direct Growth

Fund Performance: The Invesco India Large & Mid Cap Fund has given 25.51% annualized returns in the past three years and 24.42% in the last 5 years. The Invesco India Large & Mid Cap Fund comes under the Equity category of Invesco Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Invesco India Large & Mid Cap Fund via lump sum is ₹1,000 and via SIP is ₹100.

Min Investment Amt₹1,000
AUM₹9,048Cr
1Y Returns12.1%

UTI Large & Mid Cap Fund Direct Growth

Fund Performance: The UTI Large & Mid Cap Fund has given 21.71% annualized returns in the past three years and 25.75% in the last 5 years. The UTI Large & Mid Cap Fund comes under the Equity category of UTI Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in UTI Large & Mid Cap Fund via lump sum is ₹5,000 and via SIP is ₹500.

Min Investment Amt₹5,000
AUM₹4,992Cr
1Y Returns4.1%

Nippon India Vision Large & Mid Cap Direct Growth

Fund Performance: The Nippon India Vision Large & Mid Cap Fund has given 20.9% annualized returns in the past three years and 23.22% in the last 5 years. The Nippon India Vision Large & Mid Cap Fund comes under the Equity category of Nippon India Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Nippon India Vision Large & Mid Cap Fund via lump sum is ₹5,000 and via SIP is ₹100.

Min Investment Amt₹5,000
AUM₹6,395Cr
1Y Returns5.4%

HDFC Large and Mid Cap Fund Direct Growth

Fund Performance: The HDFC Large and Mid Cap Fund has given 20.78% annualized returns in the past three years and 26.46% in the last 5 years. The HDFC Large and Mid Cap Fund comes under the Equity category of HDFC Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in HDFC Large and Mid Cap Fund via lump sum is ₹100 and via SIP is ₹100.

Min Investment Amt₹100
AUM₹26,949Cr
1Y Returns5.2%

SBI Large & Midcap Fund Direct Plan Growth

Fund Performance: The SBI Large & Midcap Fund has given 17.12% annualized returns in the past three years and 23.68% in the last 5 years. The SBI Large & Midcap Fund comes under the Equity category of SBI Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in SBI Large & Midcap Fund via lump sum is ₹5,000 and via SIP is ₹100.

Min Investment Amt₹5,000
AUM₹34,065Cr
1Y Returns5.9%

DSP Large & Mid Cap Fund Direct Plan Growth

Fund Performance: The DSP Large & Mid Cap Fund has given 20.62% annualized returns in the past three years and 22.87% in the last 5 years. The DSP Large & Mid Cap Fund comes under the Equity category of DSP Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in DSP Large & Mid Cap Fund via lump sum is ₹100 and via SIP is ₹100.

Min Investment Amt₹100
AUM₹15,857Cr
1Y Returns3.6%

HSBC Large and Mid Cap Fund Direct Growth

Fund Performance: The HSBC Large and Mid Cap Fund has given 20.13% annualized returns in the past three years and 21.25% in the last 5 years. The HSBC Large and Mid Cap Fund comes under the Equity category of HSBC Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in HSBC Large and Mid Cap Fund via lump sum is ₹5,000 and via SIP is ₹500.

Min Investment Amt₹5,000
AUM₹4,416Cr
1Y Returns1.1%

Axis Large & Mid Cap Fund Direct Growth

Fund Performance: The Axis Large & Mid Cap Fund has given 19.89% annualized returns in the past three years and 21.86% in the last 5 years. The Axis Large & Mid Cap Fund comes under the Equity category of Axis Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Axis Large & Mid Cap Fund via lump sum is ₹100 and via SIP is ₹100.

Min Investment Amt₹100
AUM₹14,905Cr
1Y Returns4.6%

Kotak Large & Midcap Fund Direct Growth

Fund Performance: The Kotak Large & Midcap Fund has given 19.32% annualized returns in the past three years and 22.69% in the last 5 years. The Kotak Large & Midcap Fund comes under the Equity category of Kotak Mahindra Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Kotak Large & Midcap Fund via lump sum is ₹100 and via SIP is ₹100.

Min Investment Amt₹100
AUM₹28,380Cr
1Y Returns4.5%

Baroda BNP Paribas Large & Mid Cap Fund Direct Growth

Fund Performance: The Baroda BNP Paribas Large & Mid Cap Fund has given 18.84% annualized returns in the past three years and 22.69% in the last 5 years. The Baroda BNP Paribas Large & Mid Cap Fund comes under the Equity category of Baroda BNP Paribas Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Baroda BNP Paribas Large & Mid Cap Fund via lump sum is ₹5,000 and via SIP is ₹250.

Min Investment Amt₹5,000
AUM₹1,606Cr
1Y Returns1.0%

Edelweiss Large & Mid Cap Direct Plan Growth

Fund Performance: The Edelweiss Large & Mid Cap Fund has given 18.44% annualized returns in the past three years and 22.43% in the last 5 years. The Edelweiss Large & Mid Cap Fund comes under the Equity category of Edelweiss Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Edelweiss Large & Mid Cap Fund via lump sum is ₹100 and via SIP is ₹100.

Min Investment Amt₹100
AUM₹4,132Cr
1Y Returns3.3%

Franklin India Large & Mid Cap Fund Direct Growth

Fund Performance: The Franklin India Large & Mid Cap Fund has given 17.88% annualized returns in the past three years and 21.4% in the last 5 years. The Franklin India Large & Mid Cap Fund comes under the Equity category of Franklin Templeton Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Franklin India Large & Mid Cap Fund via lump sum is ₹5,000 and via SIP is ₹500.

Min Investment Amt₹5,000
AUM₹3,529Cr
1Y Returns5.8%

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