Aditya Birla Sun Life Large & Mid Cap Fund vs Aditya Birla Sun Life MIDCAP Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Large & Mid Cap Fund is a Large & Mid Cap fund and Aditya Birla Sun Life MIDCAP Fund is a Mid Cap fund. In the 3 years to 30-10-2026, Aditya Birla Sun Life Large & Mid Cap Fund (Direct) returned 11.0% a year and Aditya Birla Sun Life MIDCAP Fund (Direct) returned 13.3% a year. Aditya Birla Sun Life Large & Mid Cap Fund charges 1.27% a year and Aditya Birla Sun Life MIDCAP Fund 1.23% (Direct plans). Their portfolios overlap 33.8%: they hold 25 of the same securities.
Aditya Birla Sun Life Large & Mid Cap Fund
Large & Mid Cap
- 3 year return
- 11.0%
- Expense ratio
- 1.27%
- NAV
- ₹1,005.86
Aditya Birla Sun Life MIDCAP Fund
Mid Cap
- 3 year return
- 13.3%
- Expense ratio
- 1.23%
- NAV
- ₹875.73
Which is better, Aditya Birla Sun Life Large & Mid Cap or Aditya Birla Sun Life MIDCAP? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Aditya Birla Sun Life MIDCAP returned more over 5 years: 11.7% a year against 6.3%.
- Aditya Birla Sun Life MIDCAP returned more over 3 years: 13.3% a year against 11.0%.
- Aditya Birla Sun Life MIDCAP costs less: 1.23% a year against 1.27% (Direct plans).
- Aditya Birla Sun Life Large & Mid Cap swung less over 3 years: a standard deviation of 15.2% a year against 15.6%.
- Aditya Birla Sun Life Large & Mid Cap fell less in its worst fall since 02-01-2013: −39.3% against −45.1%.
- Aditya Birla Sun Life Large & Mid Cap holds more in large companies: 38.4% of the fund in large caps against 7.3%.
- Aditya Birla Sun Life MIDCAP is the larger fund: ₹6,550 Cr against ₹5,603 Cr.
- Their portfolios overlap 33.8%: 25 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Aditya Birla Sun Life Large & Mid Cap Fund | Aditya Birla Sun Life MIDCAP Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Aditya Birla Sun Life Mutual Fund |
| Category | Large & Mid Cap | Mid Cap |
| AUM | ₹5,603 Cr (30-09-2026) | ₹6,550 Cr (30-09-2026) |
| NAV | ₹1,005.86 (Direct) | ₹875.73 (Direct) |
| Expense ratio (Direct) | 1.27% | 1.23% |
| Expense ratio (Regular) | 2.00% | 2.02% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty LargeMidcap 250 TRI | Nifty Midcap 150 TRI |
| Launch date | 24-02-1995 | 03-10-2002 |
| Minimum investment | ₹1,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Vishal Gajwani | Vishal Gajwani |
| Exit load | Exit load of 1%, if redeemed within 90 days. | Exit load of 1%, if redeemed within 90 days. |
Aditya Birla Sun Life Large & Mid Cap vs Aditya Birla Sun Life MIDCAP: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Large & Mid Cap Fund (Direct) | −2.05% | −4.89% | +0.11% | −2.36% | +10.96% | +6.28% | +10.71% |
| Aditya Birla Sun Life MIDCAP Fund (Direct) | −4.18% | −7.11% | −1.62% | −2.55% | +13.31% | +11.65% | +12.49% |
| Large & Mid Cap average | −1.78% | −5.20% | −0.43% | −3.99% | +13.28% | +11.36% | +13.62% |
| Mid Cap average | −3.36% | −6.03% | −0.14% | −2.17% | +14.75% | +12.95% | +14.07% |
Category average: the average of the 36 Large & Mid Cap funds and the 34 Mid Cap funds, same plan type.
Aditya Birla Sun Life Large & Mid Cap vs Aditya Birla Sun Life MIDCAP: Year-wise Returns
| Year | Large & Mid CapAditya Birla Sun Life Large & Mid Cap | MIDCAPAditya Birla Sun Life MIDCAP |
|---|---|---|
| 2026to date | −1.50% | −2.62% |
| 2025 | +4.34% | +5.23% |
| 2024 | +16.52% | +23.02% |
| 2023 | +27.97% | +41.07% |
| 2022 | −12.23% | −4.47% |
| 2021 | +39.46% | +51.71% |
Aditya Birla Sun Life Large & Mid Cap vs Aditya Birla Sun Life MIDCAP: Rolling Returns
Every holding period of both funds, against NIFTY LargeMidcap 250 TRI, the benchmark of Aditya Birla Sun Life Large & Mid Cap Fund
Rolling returns
Every 3-year holding period, 2,667 of them, one for each trading day from 04-01-2016 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Aditya Birla Sun Life Large & Mid Cap Fund (Direct)
Aditya Birla Sun Life MIDCAP Fund (Direct)
NIFTY LargeMidcap 250 TRI
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Large & Mid Cap | 5.7 | 3.8 | 8.7 | 35.7 | 20.8 | 15.2 | 10.1 | 15.1% | 14.6% | −8.0% | 36.4% | 8% |
| Aditya Birla Sun Life MIDCAP | 7.9 | 5.8 | 7.7 | 12.4 | 19.4 | 26.6 | 20.1 | 17.3% | 19.5% | −11.5% | 41.2% | 60% |
| NIFTY LargeMidcap 250 TRI | 0.0 | 0.0 | 3.0 | 12.6 | 38.3 | 35.0 | 11.0 | 19.5% | 19.5% | 5.5% | 36.1% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is NIFTY LargeMidcap 250 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 02-01-2013. Past returns do not promise future returns.
Aditya Birla Sun Life Large & Mid Cap vs Aditya Birla Sun Life MIDCAP: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life Large & Mid CapAditya Birla Sun Life Large & Mid Cap Fund (Direct) | ₹16,60,000 | ₹42,04,661 | ₹25,44,661 | 12.5% |
| Aditya Birla Sun Life MIDCAPAditya Birla Sun Life MIDCAP Fund (Direct) | ₹16,60,000 | ₹50,69,399 | ₹34,09,399 | 14.9% |
Aditya Birla Sun Life Large & Mid CapAditya Birla Sun Life Large & Mid Cap Fund (Direct)
Aditya Birla Sun Life MIDCAPAditya Birla Sun Life MIDCAP Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Aditya Birla Sun Life Large & Mid Cap vs Aditya Birla Sun Life MIDCAP: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life Large & Mid Cap Fund (Direct) | Aditya Birla Sun Life MIDCAP Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.36% | −2.55% |
| Standard deviation | 15.75% | 16.19% |
| Sharpe ratio | -0.48 | -0.48 |
| Sortino ratio | -0.65 | -0.65 |
| Maximum drawdown | −12.9% (31-03-2026) | −14.2% (31-03-2026) |
| Beta | 1.03 | 0.95 |
| Alpha | +4.46% | +1.31% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Large & Mid Cap Fund (Direct) | Aditya Birla Sun Life MIDCAP Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.96% | +13.31% |
| Standard deviation | 15.24% | 15.64% |
| Sharpe ratio | 0.32 | 0.47 |
| Sortino ratio | 0.43 | 0.63 |
| Maximum drawdown | −20.5% (28-02-2025) | −21.9% (28-02-2025) |
| Beta | 1.00 | 0.89 |
| Alpha | −0.58% | +0.38% |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Large & Mid Cap Fund (Direct) | Aditya Birla Sun Life MIDCAP Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.28% | +11.65% |
| Standard deviation | 15.34% | 15.44% |
| Sharpe ratio | 0.03 | 0.38 |
| Sortino ratio | 0.04 | 0.50 |
| Maximum drawdown | −27.8% (20-06-2022) | −21.9% (28-02-2025) |
| Beta | 1.01 | 0.89 |
| Alpha | −4.35% | −1.34% |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Large & Mid Cap Fund (Direct) | Aditya Birla Sun Life MIDCAP Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.97% | +15.43% |
| Standard deviation | 16.78% | 15.97% |
| Sharpe ratio | 0.47 | 0.59 |
| Sortino ratio | 0.63 | 0.78 |
| Maximum drawdown | −39.3% (23-03-2020) | −45.1% (24-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 02-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Aditya Birla Sun Life Large & Mid Cap Fund (Direct)
Aditya Birla Sun Life MIDCAP Fund (Direct)
NIFTY LargeMidcap 250 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Large & Mid Cap Fund (Direct) | −39.3% | 12-02-2020 | 23-03-2020 | 13-11-2020 | 8 months | −8.3% |
| Aditya Birla Sun Life MIDCAP Fund (Direct) | −45.1% | 08-01-2018 | 24-03-2020 | 11-01-2021 | 10 months | −10.7% |
| NIFTY LargeMidcap 250 TRI | −37.8% | 24-01-2020 | 23-03-2020 | 05-11-2020 | 7 months | −8.6% |
From daily values since 02-01-2013, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Large & Mid Cap Fund (Direct)
Aditya Birla Sun Life MIDCAP Fund (Direct)
NIFTY LargeMidcap 250 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Large & Mid Cap Fund (Direct)
Aditya Birla Sun Life MIDCAP Fund (Direct)
NIFTY LargeMidcap 250 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Large & Mid Cap Fund (Direct)
Aditya Birla Sun Life MIDCAP Fund (Direct)
NIFTY LargeMidcap 250 TRI
Against NIFTY LargeMidcap 250 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Aditya Birla Sun Life Large & Mid Cap Fund (Direct) | 97% | 110% | 4.25% |
| Aditya Birla Sun Life MIDCAP Fund (Direct) | 102% | 109% | 5.95% |
From month-end values since 02-01-2013. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Aditya Birla Sun Life Large & Mid Cap vs Aditya Birla Sun Life MIDCAP: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Large & Mid Cap Fund, September 2026; Aditya Birla Sun Life MIDCAP Fund, September 2026
Holdings in common
- Overlap
- 33.8%
- Held by both
- 25
- Only in Aditya Birla Sun Life Large & Mid Cap
- 54
- Only in Aditya Birla Sun Life MIDCAP
- 51
| Security | % of Aditya Birla Sun Life Large & Mid Cap | % of Aditya Birla Sun Life MIDCAP |
|---|---|---|
| AU Small Finance Bank Ltd. | 3.45% | 2.99% |
| APL Apollo Tubes Ltd. | 2.81% | 3.01% |
| JK Cement Ltd. | 2.77% | 2.66% |
| Navin Fluorine International Ltd. | 2.70% | 2.57% |
| Ajanta Pharma Ltd. | 2.27% | 2.62% |
| Max Financial Services Ltd. | 2.14% | 2.41% |
| UNO Minda Ltd. | 2.20% | 1.93% |
| Astral Ltd. | 2.32% | 1.88% |
| KEI Industries Ltd. | 1.91% | 1.55% |
| K.P.R. Mill Ltd. | 1.48% | 1.61% |
| Meesho Ltd. | 1.40% | 1.58% |
| TVS Motor Company Ltd. | 2.04% | 1.26% |
| Fortis Healthcare Ltd. | 1.16% | 1.38% |
| GMR Airports Ltd. | 2.01% | 1.13% |
| Persistent Systems Ltd. | 1.01% | 1.50% |
| Schaeffler India Ltd. | 1.61% | 0.99% |
| Jindal Steel Ltd. | 1.58% | 0.95% |
| PB Fintech Ltd. | 0.59% | 1.44% |
| Vedanta Aluminium Metal Ltd. | 0.97% | 0.56% |
| Mphasis Ltd. | 0.54% | 0.97% |
| Bank of Maharashtra | 0.50% | 0.83% |
| Apar Industries Ltd. | 0.48% | 1.58% |
| Hexaware Technologies Ltd. | 0.42% | 1.41% |
| Aditya Infotech Ltd. | 0.37% | 1.19% |
| Coforge Ltd. | 1.78% | 0.17% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 33.8% means 33.8% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Aditya Birla Sun Life Large & Mid Cap Fund
| Security | % of fund |
|---|---|
| ICICI Bank Ltd. | 3.87% |
| Samvardhana Motherson International Ltd. | 2.65% |
| Hindalco Industries Ltd. | 2.02% |
| Eternal Ltd. | 1.92% |
| Bajaj Finance Ltd. | 1.91% |
Largest holdings only in Aditya Birla Sun Life MIDCAP Fund
| Security | % of fund |
|---|---|
| The Federal Bank Ltd. | 3.04% |
| Billionbrains Garage Ventures Ltd. | 2.87% |
| Thermax Ltd. | 2.25% |
| Prestige Estates Projects Ltd. | 2.07% |
| Manipal Health Enterprises Ltd | 1.83% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Large & Mid Cap | Aditya Birla Sun Life MIDCAP |
|---|---|---|
| Equity | 98.6% | 97.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.4% | 2.4% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Large & Mid Cap | Aditya Birla Sun Life MIDCAP |
|---|---|---|
| Large Cap | 38.4% | 7.3% |
| Mid Cap | 37.8% | 62.5% |
| Small Cap | 22.4% | 24.8% |
| Not on AMFI's list | 0.0% | 3.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Aditya Birla Sun Life Large & Mid Cap | Aditya Birla Sun Life MIDCAP |
|---|---|---|
| Banks | 11.8% | 9.4% |
| Industrial Products | 7.9% | 9.4% |
| Auto Components | 8.7% | 3.8% |
| Pharmaceuticals & Biotechnology | 5.7% | 6.8% |
| Capital Markets | 0.6% | 6.0% |
| Finance | 5.7% | 5.7% |
| Electrical Equipment | 2.4% | 5.6% |
| IT - Software | 5.3% | 4.9% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Large & Mid Cap vs Aditya Birla Sun Life MIDCAP: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Large & Mid Cap Fund | Aditya Birla Sun Life MIDCAP Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.27% | 1.23% |
| Base expense ratio (Direct) | 0.96% | 0.88% |
| Total expense ratio (Regular) | 2.00% | 2.02% |
| Base expense ratio (Regular) | 1.59% | 1.56% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
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Aditya Birla Sun Life Large & Mid Cap Fund vs Aditya Birla Sun Life MIDCAP Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Large & Mid Cap Fund and Aditya Birla Sun Life MIDCAP Fund?
Aditya Birla Sun Life Large & Mid Cap Fund is a Large & Mid Cap fund, Aditya Birla Sun Life MIDCAP Fund is a Mid Cap fund, run by Aditya Birla Sun Life Mutual Fund. Their portfolios overlap 33.8%. Aditya Birla Sun Life Large & Mid Cap Fund charges 1.27% a year and Aditya Birla Sun Life MIDCAP Fund 1.23%.
Which has given higher returns, Aditya Birla Sun Life Large & Mid Cap Fund or Aditya Birla Sun Life MIDCAP Fund?
Over 1 year: Aditya Birla Sun Life Large & Mid Cap Fund −2.36%, Aditya Birla Sun Life MIDCAP Fund −2.55%. Over 3 years: Aditya Birla Sun Life Large & Mid Cap Fund +10.96% a year, Aditya Birla Sun Life MIDCAP Fund +13.31% a year. Over 5 years: Aditya Birla Sun Life Large & Mid Cap Fund +6.28% a year, Aditya Birla Sun Life MIDCAP Fund +11.65% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Aditya Birla Sun Life Large & Mid Cap Fund or Aditya Birla Sun Life MIDCAP Fund?
Aditya Birla Sun Life MIDCAP Fund charges less: 1.23% a year against 1.27%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Large & Mid Cap Fund and Aditya Birla Sun Life MIDCAP Fund overlap?
33.8%. They hold 25 of the same securities, the largest shared ones being AUBANK, APLAPOLLO, JKCEMENT. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Large & Mid Cap Fund or Aditya Birla Sun Life MIDCAP Fund?
On SEBI's riskometer, Aditya Birla Sun Life Large & Mid Cap Fund is rated Very High and Aditya Birla Sun Life MIDCAP Fund Very High. Over 3 years, the standard deviation of daily returns was 15.24% and 15.64% a year.
Which is better for SIP, Aditya Birla Sun Life Large & Mid Cap Fund or Aditya Birla Sun Life MIDCAP Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,47,758 in Aditya Birla Sun Life Large & Mid Cap Fund (XIRR 8.0% a year) and ₹8,11,892 in Aditya Birla Sun Life MIDCAP Fund (XIRR 11.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Aditya Birla Sun Life Large & Mid Cap Fund and Aditya Birla Sun Life MIDCAP Fund?
Yes. 33.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Aditya Birla Sun Life Large & Mid Cap Fund and Aditya Birla Sun Life MIDCAP Fund?
Aditya Birla Sun Life Large & Mid Cap Fund: Vishal Gajwani. Aditya Birla Sun Life MIDCAP Fund: Vishal Gajwani.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
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.