ITI Large Cap Fund vs ITI Large & Mid Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
ITI Large Cap Fund is a Large Cap fund and ITI Large & Mid Cap Fund is a Large & Mid Cap fund. In the year to 30-10-2026, ITI Large Cap Fund (Direct) returned −6.5% and ITI Large & Mid Cap Fund (Direct) returned −4.2%. ITI Large Cap Fund charges 0.93% a year and ITI Large & Mid Cap Fund 1.06% (Direct plans). Their portfolios overlap 39.3%: they hold 32 of the same securities.
ITI Large & Mid Cap Fund
Large & Mid Cap
- 1 year return
- −4.2%
- Expense ratio
- 1.06%
- NAV
- ₹9.70
Which is better, ITI Large Cap or ITI Large & Mid Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- ITI Large & Mid Cap returned more over 1 year: −4.2% against −6.5%.
- ITI Large Cap costs less: 0.93% a year against 1.06% (Direct plans).
- ITI Large Cap fell less in its worst fall since 13-09-2024: −17.8% against −20.2%.
- ITI Large Cap holds more in large companies: 80.6% of the fund in large caps against 34.5%.
- ITI Large & Mid Cap is the larger fund: ₹691 Cr against ₹352 Cr.
- Their portfolios overlap 39.3%: 32 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 | ITI Large Cap Fund | ITI Large & Mid Cap Fund |
|---|---|---|
| Fund house | ITI Mutual Fund | ITI Mutual Fund |
| Category | Large Cap | Large & Mid Cap |
| AUM | ₹352 Cr (30-09-2026) | ₹691 Cr (30-09-2026) |
| NAV | ₹18.67 (Direct) | ₹9.70 (Direct) |
| Expense ratio (Direct) | 0.93% | 1.06% |
| Expense ratio (Regular) | 2.61% | 2.65% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 100 TRI | Nifty LargeMidcap 250 TRI |
| Launch date | 24-12-2020 | 11-09-2024 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Alok Ranjan, Nilay Dalal | Alok Ranjan, Nilay Dalal |
| Exit load | Exit load of 0.50%, if redeemed within 3 months. | Exit load of 0.50%, if redeemed within 3 months |
ITI Large Cap vs ITI Large & Mid Cap: 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 |
|---|---|---|---|---|---|---|---|
| ITI Large Cap Fund (Direct) | −1.71% | −3.38% | −0.54% | −6.51% | +9.95% | +7.74% | -- |
| ITI Large & Mid Cap Fund (Direct) | −4.04% | −3.89% | +0.64% | −4.22% | -- | -- | -- |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | +8.23% | -- |
| Large & Mid Cap average | −1.78% | −5.20% | −0.43% | −3.99% | -- | -- | -- |
Category average: the average of the 35 Large Cap funds and the 36 Large & Mid Cap funds, same plan type.
ITI Large Cap vs ITI Large & Mid Cap: Year-wise Returns
| Year | CapITI Large Cap | & Mid CapITI Large & Mid Cap |
|---|---|---|
| 2026to date | −6.75% | −1.41% |
| 2025 | +6.17% | +0.32% |
| 2024 | +16.28% | -- |
| 2023 | +26.38% | -- |
| 2022 | +1.95% | -- |
| 2021 | +24.23% | -- |
ITI Large Cap vs ITI Large & Mid Cap: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of ITI Large Cap Fund
Rolling returns
Every 1-year holding period, 276 of them, one for each trading day from 15-09-2025 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.
ITI Large Cap Fund (Direct)
ITI Large & Mid Cap Fund (Direct)
Nifty 100 TRI
to
Oct 2025Dec 2024
to
Dec 2025Mar 2025
to
Mar 2026May 2025
to
May 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ITI Large Cap | 39.1 | 33.7 | 20.3 | 6.9 | 0.0 | 0.0 | 0.0 | 2.0% | 1.8% | −8.6% | 14.6% | 30% |
| ITI Large & Mid Cap | 30.4 | 37.3 | 27.5 | 4.7 | 0.0 | 0.0 | 0.0 | 2.5% | 2.1% | −7.3% | 14.2% | 47% |
| Nifty 100 TRI | 41.7 | 22.1 | 20.7 | 14.9 | 0.7 | 0.0 | 0.0 | 2.5% | 1.5% | −10.5% | 15.3% | -- |
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 100 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 13-09-2024. Past returns do not promise future returns.
ITI Large Cap vs ITI Large & Mid Cap: 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 02-09-2024 to 30-10-2026: 26 instalments, ₹2,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ITI Large CapITI Large Cap Fund (Direct) | ₹2,60,000 | ₹2,56,103 | −₹3,897 | −1.3% |
| ITI Large & Mid CapITI Large & Mid Cap Fund (Direct) | ₹2,60,000 | ₹2,62,127 | ₹2,127 | 0.7% |
ITI Large CapITI Large Cap Fund (Direct)
ITI Large & Mid CapITI Large & Mid Cap 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.
ITI Large Cap vs ITI Large & Mid Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ITI Large Cap Fund (Direct) | ITI Large & Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −6.51% | −4.22% |
| Standard deviation | 15.43% | 16.81% |
| Sharpe ratio | -0.76 | -0.56 |
| Sortino ratio | -1.03 | -0.76 |
| Maximum drawdown | −16.1% (31-03-2026) | −17.1% (31-03-2026) |
| Beta | 1.08 | 1.09 |
| Alpha | +3.25% | +3.35% |
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 | ITI Large Cap Fund (Direct) | ITI Large & Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.06% | −1.79% |
| Standard deviation | 14.68% | 16.99% |
| Sharpe ratio | 0.38 | -0.44 |
| Sortino ratio | 0.52 | -0.59 |
| Maximum drawdown | −20.8% (20-06-2022) | −20.2% (28-02-2025) |
| Beta | 1.00 | 1.12 |
| Alpha | +0.21% | +1.76% |
From daily NAVs, 29-12-2020 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.
ITI Large Cap Fund (Direct)
ITI Large & Mid Cap Fund (Direct)
Nifty 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ITI Large Cap Fund (Direct) | −17.8% | 27-09-2024 | 28-02-2025 | Not yet | -- | −8.3% |
| ITI Large & Mid Cap Fund (Direct) | −20.2% | 11-12-2024 | 28-02-2025 | 03-08-2026 | 17 months | −8.7% |
| Nifty 100 TRI | −17.2% | 26-09-2024 | 28-02-2025 | 02-01-2026 | 10 months | −10.1% |
From daily values since 13-09-2024, 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.
ITI Large Cap Fund (Direct)
ITI Large & Mid Cap Fund (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ITI Large Cap Fund (Direct) | 107% | 101% | 4.98% |
| ITI Large & Mid Cap Fund (Direct) | 128% | 110% | 9.65% |
From month-end values since 13-09-2024. 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.
ITI Large Cap vs ITI Large & Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: ITI Large Cap Fund, September 2026; ITI Large & Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 39.3%
- Held by both
- 32
- Only in ITI Large Cap
- 15
- Only in ITI Large & Mid Cap
- 56
| Security | % of ITI Large Cap | % of ITI Large & Mid Cap |
|---|---|---|
| ESDS Software Solution Ltd | 5.00% | 4.59% |
| ICICI Bank Limited | 6.51% | 2.27% |
| Larsen & Toubro Limited | 4.45% | 1.94% |
| State Bank of India | 4.72% | 1.81% |
| Kotak Mahindra Bank Limited | 3.14% | 1.76% |
| Sun Pharmaceutical Industries Limited | 2.03% | 1.75% |
| Axis Bank Limited | 4.65% | 1.62% |
| Bajaj Finance Limited | 3.63% | 1.46% |
| IIFL Finance Limited | 1.89% | 1.40% |
| Bharat Electronics Limited | 3.36% | 1.33% |
| Eternal Limited | 2.36% | 1.31% |
| TVS Motor Company Limited | 1.28% | 1.96% |
| Divi's Laboratories Limited | 1.28% | 1.98% |
| Reliance Industries Limited | 4.62% | 1.27% |
| Mahindra & Mahindra Limited | 2.81% | 1.13% |
| JSW Energy Limited | 2.37% | 1.09% |
| Hindalco Industries Limited | 1.84% | 1.07% |
| Cummins India Limited | 1.22% | 1.06% |
| Shriram Finance Limited | 1.82% | 1.02% |
| National Stock Exchange Of India Ltd | 1.40% | 1.00% |
| JSW Steel Limited | 1.59% | 0.95% |
| Cholamandalam Investment and Finance Company Ltd | 2.20% | 0.87% |
| Aditya Birla Real Estate Limited | 0.84% | 1.02% |
| Adani Power Limited | 0.73% | 0.73% |
| Godfrey Phillips India Limited | 0.94% | 0.71% |
| Maruti Suzuki India Limited | 1.45% | 0.66% |
| Hyundai Motor India Ltd | 0.87% | 0.59% |
| SBI Life Insurance Company Limited | 0.82% | 0.57% |
| The Indian Hotels Company Limited | 0.51% | 0.64% |
| National Aluminium Company Limited | 0.51% | 0.73% |
| Vedanta Aluminium Metal Limited | 0.47% | 0.49% |
| Max Healthcare Institute Limited | 0.47% | 0.75% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 39.3% means 39.3% 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 ITI Large Cap Fund
| Security | % of fund |
|---|---|
| HDFC Bank Limited | 4.31% |
| Bharti Airtel Limited | 4.24% |
| Adani Ports and Special Economic Zone Limited | 2.20% |
| Titan Company Limited | 2.19% |
| NTPC Limited | 2.00% |
Largest holdings only in ITI Large & Mid Cap Fund
| Security | % of fund |
|---|---|
| IndusInd Bank Limited | 2.07% |
| LG Electronics India Ltd | 1.97% |
| Supriya Lifescience Limited | 1.59% |
| Motilal Oswal Financial Services Limited | 1.56% |
| SPR Auto Technologies Ltd | 1.47% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ITI Large Cap | ITI Large & Mid Cap |
|---|---|---|
| Equity | 98.0% | 97.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.0% | 2.9% |
Market cap of stocks
| Market cap | ITI Large Cap | ITI Large & Mid Cap |
|---|---|---|
| Large Cap | 80.6% | 34.5% |
| Mid Cap | 4.8% | 36.9% |
| Small Cap | 6.2% | 19.0% |
| Not on AMFI's list | 6.4% | 6.6% |
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 | ITI Large Cap | ITI Large & Mid Cap |
|---|---|---|
| Banks | 23.3% | 16.0% |
| Finance | 10.3% | 7.9% |
| Pharmaceuticals & Biotechnology | 3.3% | 7.7% |
| Automobiles | 7.4% | 5.3% |
| Power | 6.1% | 2.8% |
| Electrical Equipment | 0.0% | 5.7% |
| IT - Services | 5.0% | 5.5% |
| Petroleum Products | 4.6% | 1.3% |
The six largest sectors of each fund's stocks, % of the fund.
ITI Large Cap vs ITI Large & Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ITI Large Cap Fund | ITI Large & Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.93% | 1.06% |
| Base expense ratio (Direct) | 0.59% | 0.63% |
| Total expense ratio (Regular) | 2.61% | 2.65% |
| Base expense ratio (Regular) | 2.09% | 2.05% |
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
Compare ITI Large Cap with
ITI Large Cap Fund vs ITI Large & Mid Cap Fund: Frequently Asked Questions
What is the difference between ITI Large Cap Fund and ITI Large & Mid Cap Fund?
ITI Large Cap Fund is a Large Cap fund, ITI Large & Mid Cap Fund is a Large & Mid Cap fund, run by ITI Mutual Fund. Their portfolios overlap 39.3%. ITI Large Cap Fund charges 0.93% a year and ITI Large & Mid Cap Fund 1.06%.
Which has given higher returns, ITI Large Cap Fund or ITI Large & Mid Cap Fund?
Over 1 year: ITI Large Cap Fund −6.51%, ITI Large & Mid Cap Fund −4.22%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ITI Large Cap Fund or ITI Large & Mid Cap Fund?
ITI Large Cap Fund charges less: 0.93% a year against 1.06%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ITI Large Cap Fund and ITI Large & Mid Cap Fund overlap?
39.3%. They hold 32 of the same securities, the largest shared ones being ESDS Software Solution Ltd, ICICIBANK, LT. From each fund's latest monthly portfolio.
Which is riskier, ITI Large Cap Fund or ITI Large & Mid Cap Fund?
On SEBI's riskometer, ITI Large Cap Fund is rated Very High and ITI Large & Mid Cap Fund Very High. Over 1 years, the standard deviation of daily returns was 15.43% and 16.81% a year.
Can I invest in both ITI Large Cap Fund and ITI Large & Mid Cap Fund?
Yes. 39.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ITI Large Cap Fund and ITI Large & Mid Cap Fund?
ITI Large Cap Fund: Alok Ranjan, Nilay Dalal. ITI Large & Mid Cap Fund: Alok Ranjan, Nilay Dalal.
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.