Top Large & Mid Cap Mutual Funds (2026)
Ranked by 3 year return, Direct plans, as on the latest NAV · AUM as on 30-09-2026
There are 36 Large & Mid Cap mutual funds. Their average 3 year return is 13.3% a year, and −4.0% over the last year. The highest 3 year returns: Invesco India Large & Mid Cap Fund 21.3%, Motilal Oswal Large and Midcap Fund 20.6%, HSBC Large & Mid Cap Fund 17.1%.
- Total AUM
- ₹3,54,568 Cr
- As on 30-09-2026
- Funds
- 36
- From 36 fund houses
- Expense ratio
- 0.65% to 2.34%
- Direct plans, lowest to highest
- Average 3Y return
- 13.3%
- A year, Direct plans
All Large & Mid Cap Funds
Ranked by 3 year return, highest first
Ranked by 3 year return, highest first
| Exit load | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Invesco India Large & Mid Cap Fund | 1 | 12,178 | +1.30% | +21.30% | +15.81% | +16.78% | Very High | 0.79% | 1% within 1 year | 16.63% |
| Motilal Oswal Large and Midcap Fund | 2 | 19,832 | +0.26% | +20.59% | +17.43% | -- | Very High | 0.90% | 1% within 365 days | 19.31% |
| HSBC Large & Mid Cap Fund | 3 | 5,784 | +3.59% | +17.14% | +13.41% | -- | Very High | 1.35% | 1% within 1 year | 17.58% |
| Bandhan Large & Mid Cap Fund | 4 | 21,021 | −3.83% | +16.65% | +15.00% | +15.28% | Very High | 1.14% | 1% within 1 year | 14.28% |
| Quant Large & Mid Cap Fund | 5 | 3,384 | +4.95% | +14.95% | +14.97% | +15.17% | Very High | 1.22% | 1% within 15 days | 16.45% |
| Axis Large & Mid Cap Fund | 6 | 16,438 | −0.29% | +14.92% | +10.98% | -- | Very High | 0.83% | None | 13.42% |
| UTI Large & Mid Cap Fund | 7 | 6,220 | −4.85% | +13.94% | +12.41% | +13.40% | Very High | 1.14% | 1% within 1 year | 13.61% |
| Baroda BNP Paribas Large and Mid Cap fund | 8 | 1,762 | −4.15% | +13.51% | +10.94% | -- | -- | 1.09% | -- | 14.92% |
| Edelweiss Large & Mid Cap Fund | 9 | 4,615 | −3.21% | +13.45% | +11.70% | -- | Very High | 0.67% | 1% within 90 days | 15.09% |
| Nippon India Vision Large & Mid Cap Fund | 10 | 7,411 | −7.32% | +13.44% | +11.47% | +12.25% | Very High | 1.50% | 1% within 12 months | 14.68% |
| Bank of India Large & Mid Cap Fund | 11 | 506 | −0.96% | +13.20% | +10.71% | +12.74% | Very High | 1.42% | 1% within 3 months | 15.46% |
| ICICI Prudential Large & Mid Cap Fund | 12 | 31,628 | −9.15% | +13.19% | +12.79% | +14.42% | Very High | 1.27% | 1% within 1 month | 13.26% |
| DSP Large & Mid Cap Fund | 13 | 17,284 | −6.95% | +12.91% | +10.91% | +13.65% | Very High | 0.75% | 1% within 1 month | 14.10% |
| Sundaram Large and Midcap Fund | 14 | 7,131 | −3.04% | +12.88% | +10.18% | +13.91% | Very High | 1.30% | 1% within 365 days | 15.14% |
| Kotak Large & Mid Cap Fund | 15 | 30,581 | −5.81% | +12.56% | +12.27% | +14.50% | Very High | 0.66% | 1% within 365 days | 14.91% |
| Union Large & Midcap Fund | 16 | 969 | −0.74% | +12.37% | +10.31% | -- | Very High | 1.32% | 1% within 15 days | 15.31% |
| Canara Robeco Large and Mid Cap Fund | 17 | 24,578 | −6.09% | +12.27% | +9.40% | +14.19% | Very High | 0.78% | 1% within 1 year | 15.13% |
| SBI Large & Midcap Fund | 18 | 40,499 | −5.40% | +12.07% | +11.58% | +13.85% | -- | 0.86% | -- | 12.86% |
| HDFC Large & Mid Cap Fund | 19 | 28,543 | −6.99% | +12.06% | +12.31% | +14.05% | Very High | 0.92% | 1% within 1 year | 14.86% |
| LIC MF Large & Mid Cap Fund | 20 | 2,949 | −7.88% | +11.97% | +9.55% | +13.36% | Very High | 1.46% | 1% within 3 months | 15.73% |
| Mahindra Manulife Large & Mid Cap Fund | 21 | 2,753 | −2.22% | +11.86% | +10.94% | -- | Very High | 0.84% | 1% within 3 months | 16.11% |
| Mirae Asset Large & Midcap Fund | 22 | 42,834 | −5.82% | +11.37% | +9.30% | +15.19% | Very High | 0.87% | 1% within 1 year | 14.54% |
| Aditya Birla Sun Life Large & Mid Cap Fund | 23 | 5,603 | −2.36% | +10.96% | +6.28% | +10.71% | Very High | 1.27% | 1% within 90 days | 15.24% |
| Franklin India Large & Mid Cap Fund | 24 | 3,337 | −10.06% | +10.45% | +7.84% | +11.05% | -- | 1.63% | 1% within 1 year | 13.82% |
| Navi Large & Midcap Fund | 25 | 292 | −4.13% | +9.57% | +8.91% | +12.69% | Very High | 0.65% | None | 14.62% |
| Tata Large & Mid Cap Fund | 26 | 7,254 | −14.20% | +5.64% | +7.83% | +11.60% | Very High | 0.78% | 0.5% within 30 days | 14.19% |
| WhiteOak Capital Large & Mid Cap Fund | -- | 2,376 | −2.30% | -- | -- | -- | Very High | 0.89% | None | -- |
| Bajaj Finserv Large & Mid Cap Fund | -- | 2,324 | −5.21% | -- | -- | -- | Very High | 1.16% | 1% within 6 months | -- |
| Helios Large & Mid Cap Fund | -- | 1,463 | −2.12% | -- | -- | -- | Very High | 1.02% | 1% within 3 months | -- |
| PGIM India Large and Midcap Fund | -- | 777 | −4.94% | -- | -- | -- | Very High | 0.90% | 0.5% within 90 days | -- |
| ITI Large & Mid Cap Fund | -- | 691 | −4.22% | -- | -- | -- | Very High | 1.06% | 0.5% within 3 months | -- |
| Abakkus Large & Mid Cap Fund | -- | 486 | -- | -- | -- | -- | Very High | 2.28% | 1% within 6 months | -- |
| JM Large & Mid Cap Fund | -- | 448 | −4.09% | -- | -- | -- | Very High | 1.04% | 1% within 180 days | -- |
| Trustmf Large & Midcap Fund | -- | 418 | -- | -- | -- | -- | -- | 2.09% | -- | -- |
| The Wealth Company Large & Mid Cap Fund | -- | 109 | -- | -- | -- | -- | Very High | 2.03% | 1% within 120 days | -- |
| Samco Large & Mid Cap Fund | -- | 91 | −3.31% | -- | -- | -- | -- | 2.34% | -- | -- |
Returns of each fund's Direct plan (its only plan where it has one), as on the latest NAV. 3, 5 and 10 year figures are a rate a year. Std dev: how much the daily returns swung over 3 years, as a yearly figure; lower is steadier. Riskometer and exit load from the fund's scheme summary document; "Varies" means the load changes with how long you hold, and the fund page has the full wording. Expense ratio: Direct plan, from AMFI. AUM at the end of the fund's last reported month. A fund younger than 3 years has no rank and is listed after the ranked ones.
Stocks Large & Mid Cap Funds Bought and Sold in September 2026
What the 5 largest Large & Mid Cap funds changed in their September 2026 portfolios, against the month before
Bought
| Stock | New in | Added by |
|---|---|---|
| Interglobe Aviation Ltd.Mirae Asset Large & Midcap, ICICI Prudential Large & Mid Cap | -- | 2 funds |
| Hero MotoCorp Ltd.Mirae Asset Large & Midcap, SBI Large & Midcap | -- | 2 funds |
| Cummins India Ltd.Mirae Asset Large & Midcap, ICICI Prudential Large & Mid Cap | -- | 2 funds |
| Dixon Technologies (India) Ltd.ICICI Prudential Large & Mid Cap, Kotak Large & Mid Cap | -- | 2 funds |
| Endurance Technologies Ltd.SBI Large & Midcap, ICICI Prudential Large & Mid Cap | -- | 2 funds |
| Kotak Mahindra Bank Ltd.SBI Large & Midcap | 1 fund | -- |
| PINE LABS LTD.Kotak Large & Mid Cap | 1 fund | -- |
| One 97 Communications Ltd.Kotak Large & Mid Cap | 1 fund | -- |
| Westlife Foodworld Ltd.SBI Large & Midcap | 1 fund | -- |
| Bharat Heavy Electricals Ltd.ICICI Prudential Large & Mid Cap | 1 fund | -- |
Sold
| Stock | Exited by | Reduced by |
|---|---|---|
| Sun TV Network Ltd.ICICI Prudential Large & Mid Cap, Kotak Large & Mid Cap | 2 funds | -- |
| Axis Bank Ltd.ICICI Prudential Large & Mid Cap, Kotak Large & Mid Cap | 1 fund | 1 fund |
| Bharat Forge Ltd.Mirae Asset Large & Midcap, SBI Large & Midcap | -- | 2 funds |
| Gujarat Energy Ltd.Mirae Asset Large & Midcap, ICICI Prudential Large & Mid Cap | -- | 2 funds |
| Power Grid Corporation of India Ltd.Kotak Large & Mid Cap | 1 fund | -- |
| Acutaas Chemicals Ltd.SBI Large & Midcap | 1 fund | -- |
| Nuvoco Vistas Corporation Ltd.ICICI Prudential Large & Mid Cap | 1 fund | -- |
| Syngene International Ltd.Mirae Asset Large & Midcap | 1 fund | -- |
| Neogen Chemicals Ltd.SBI Large & Midcap | 1 fund | -- |
| Brainbees Solutions Ltd.ICICI Prudential Large & Mid Cap | 1 fund | -- |
From each fund's own monthly portfolio, stocks only. "New in" means the fund did not hold the stock the month before; "Exited by" means it sold all of it. Added and reduced count shares held, so a price move alone is not a change. Funds counted: Mirae Asset Large & Midcap Fund, SBI Large & Midcap Fund, ICICI Prudential Large & Mid Cap Fund, Kotak Large & Mid Cap Fund, HDFC Large & Mid Cap Fund.
Compare Large & Mid Cap Funds
The largest funds of the category, side by side
- Mirae Asset Large & Midcap vs SBI Large & Midcap
- Mirae Asset Large & Midcap vs ICICI Prudential Large & Mid Cap
- Mirae Asset Large & Midcap vs Kotak Large & Mid Cap
- SBI Large & Midcap vs ICICI Prudential Large & Mid Cap
- SBI Large & Midcap vs Kotak Large & Mid Cap
- ICICI Prudential Large & Mid Cap vs Kotak Large & Mid Cap
How Large & Mid Cap Funds Are Taxed
As equity funds: 65% or more of each fund is in Indian stocks
| When you sell | Tax on the gain |
|---|---|
| Within 1 year | 20% of the gain (short term) |
| After 1 year | 12.5% of gains above ₹1.25 lakh a financial year (long term) |
- IDCW (dividend) payouts are added to your income and taxed at your slab rate.
- A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
What Is a Large & Mid Cap Fund?
At least 35% in large cap stocks and at least 35% in mid cap stocks (companies ranked 101 to 250 by market value). This is the rule SEBI sets for every fund in the category, so their portfolios can be compared.
Other equity categories: Large Cap · Mid Cap · Small Cap · Multi Cap · Flexi Cap · Focused · Value and Contra · Dividend Yield · ELSS
Large & Mid Cap Funds: Frequently Asked Questions
Which are the top Large & Mid Cap mutual funds?
By 3 year return, the top Large & Mid Cap funds are 1. Invesco India Large & Mid Cap Fund (21.3% a year), 2. Motilal Oswal Large and Midcap Fund (20.6% a year), 3. HSBC Large & Mid Cap Fund (17.1% a year), 4. Bandhan Large & Mid Cap Fund (16.6% a year), 5. Quant Large & Mid Cap Fund (14.9% a year). Past returns do not promise future returns, so also look at costs, risk and how long each fund has done well.
How many Large & Mid Cap funds are there?
36 Large & Mid Cap funds are open for investment, from 36 fund houses.
What is a Large & Mid Cap fund?
At least 35% in large cap stocks and at least 35% in mid cap stocks (companies ranked 101 to 250 by market value).
What is the average return of Large & Mid Cap funds?
1 year: -4.0%, 3 years: 13.3% a year, 5 years: 11.4% a year. The simple average of every Large & Mid Cap fund's Direct plan.
Which Large & Mid Cap fund has the lowest expense ratio?
Navi Large & Midcap Fund, at 0.65% a year (Direct plan), as reported to AMFI.
Which is the largest Large & Mid Cap fund?
Mirae Asset Large & Midcap Fund, with ₹42,834 Cr of investors' money on 30-09-2026.
How are Large & Mid Cap funds taxed?
As equity funds: gains on units sold within 1 year are taxed at 20%; after that, gains above ₹1.25 lakh a financial year are taxed at 12.5%.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.