SBI Large Cap Fund vs SBI Large & Midcap Fund
Direct Plan, Growth option · Data as on 30-10-2026
SBI Large Cap Fund is a Large Cap fund and SBI Large & Midcap Fund is a Large & Mid Cap fund. In the 3 years to 30-10-2026, SBI Large Cap Fund (Direct) returned 9.3% a year and SBI Large & Midcap Fund (Direct) returned 12.1% a year. SBI Large Cap Fund charges 0.89% a year and SBI Large & Midcap Fund 0.86% (Direct plans). Their portfolios overlap 36.3%: they hold 26 of the same securities.
SBI Large & Midcap Fund
Large & Mid Cap
- 3 year return
- 12.1%
- Expense ratio
- 0.86%
- NAV
- ₹660.32
Which is better, SBI Large Cap or SBI Large & Midcap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI Large & Midcap returned more over 5 years: 11.6% a year against 8.3%.
- SBI Large & Midcap returned more over 3 years: 12.1% a year against 9.3%.
- SBI Large & Midcap costs less: 0.86% a year against 0.89% (Direct plans).
- SBI Large Cap swung less over 3 years: a standard deviation of 12.6% a year against 12.9%.
- SBI Large & Midcap fell less in its worst fall since 02-01-2013: −36.4% against −37.1%.
- SBI Large Cap holds more in large companies: 83.5% of the fund in large caps against 41.0%.
- SBI Large Cap is the larger fund: ₹52,373 Cr against ₹40,499 Cr.
- Their portfolios overlap 36.3%: 26 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 | SBI Large Cap Fund | SBI Large & Midcap Fund |
|---|---|---|
| Fund house | SBI Mutual Fund | SBI Mutual Fund |
| Category | Large Cap | Large & Mid Cap |
| AUM | ₹52,373 Cr (30-09-2026) | ₹40,499 Cr (30-09-2026) |
| NAV | ₹99.56 (Direct) | ₹660.32 (Direct) |
| Expense ratio (Direct) | 0.89% | 0.86% |
| Expense ratio (Regular) | 1.51% | 1.65% |
| Riskometer | Not available | Not available |
| Benchmark | Not available | Not available |
| Launch date | Not available | Not available |
| Minimum investment | Not available | Not available |
| Lock in | Not available | Not available |
| Fund managers | Not available | Not available |
| Exit load | Not available | Not available |
SBI Large Cap vs SBI Large & 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 |
|---|---|---|---|---|---|---|---|
| SBI Large Cap Fund (Direct) | +0.01% | −5.00% | −1.97% | −5.75% | +9.25% | +8.31% | +11.54% |
| SBI Large & Midcap Fund (Direct) | −2.33% | −8.03% | −3.88% | −5.40% | +12.07% | +11.58% | +13.85% |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | +8.23% | +11.81% |
| Large & Mid Cap average | −1.78% | −5.20% | −0.43% | −3.99% | +13.28% | +11.36% | +13.62% |
Category average: the average of the 35 Large Cap funds and the 36 Large & Mid Cap funds, same plan type.
SBI Large Cap vs SBI Large & Midcap: Year-wise Returns
| Year | CapSBI Large Cap | & MidcapSBI Large & Midcap |
|---|---|---|
| 2026to date | −6.95% | −6.79% |
| 2025 | +10.49% | +11.00% |
| 2024 | +13.24% | +19.12% |
| 2023 | +23.50% | +27.91% |
| 2022 | +5.11% | +8.13% |
| 2021 | +27.04% | +40.40% |
SBI Large Cap vs SBI Large & Midcap: Rolling Returns
Every holding period of both funds, against BSE 100 TRI, the benchmark of SBI Large Cap Fund
Rolling returns
Every 3-year holding period, 2,675 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.
SBI Large Cap Fund (Direct)
SBI Large & Midcap Fund (Direct)
BSE 100 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SBI Large Cap | 1.9 | 4.3 | 8.2 | 36.3 | 30.7 | 13.5 | 5.1 | 15.0% | 14.9% | −6.2% | 33.0% | 54% |
| SBI Large & Midcap | 1.9 | 4.7 | 6.3 | 20.7 | 30.1 | 26.7 | 9.6 | 17.2% | 17.9% | −4.7% | 36.1% | 75% |
| BSE 100 TRI | 1.0 | 3.7 | 11.9 | 43.7 | 32.0 | 5.5 | 2.1 | 13.9% | 14.1% | −5.2% | 32.8% | -- |
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 BSE 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 02-01-2013. Past returns do not promise future returns.
SBI Large Cap vs SBI Large & 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 |
|---|---|---|---|---|
| SBI Large CapSBI Large Cap Fund (Direct) | ₹16,60,000 | ₹42,06,901 | ₹25,46,901 | 12.5% |
| SBI Large & MidcapSBI Large & Midcap Fund (Direct) | ₹16,60,000 | ₹50,59,622 | ₹33,99,622 | 14.9% |
SBI Large CapSBI Large Cap Fund (Direct)
SBI Large & MidcapSBI Large & 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.
SBI Large Cap vs SBI Large & Midcap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | SBI Large Cap Fund (Direct) | SBI Large & Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.75% | −5.40% |
| Standard deviation | 13.89% | 13.45% |
| Sharpe ratio | -0.79 | -0.79 |
| Sortino ratio | -1.07 | -1.06 |
| Maximum drawdown | −13.8% (31-03-2026) | −12.5% (31-03-2026) |
| Beta | 0.98 | 0.88 |
| Alpha | +2.87% | −0.19% |
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 | SBI Large Cap Fund (Direct) | SBI Large & Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.25% | +12.07% |
| Standard deviation | 12.56% | 12.86% |
| Sharpe ratio | 0.26 | 0.47 |
| Sortino ratio | 0.36 | 0.64 |
| Maximum drawdown | −15.4% (28-02-2025) | −14.2% (03-03-2025) |
| Beta | 0.90 | 0.84 |
| Alpha | +0.57% | +1.23% |
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 | SBI Large Cap Fund (Direct) | SBI Large & Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.31% | +11.58% |
| Standard deviation | 12.92% | 12.87% |
| Sharpe ratio | 0.19 | 0.45 |
| Sortino ratio | 0.27 | 0.60 |
| Maximum drawdown | −15.6% (17-06-2022) | −16.4% (20-06-2022) |
| Beta | 0.91 | 0.84 |
| Alpha | +0.70% | +1.68% |
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 | SBI Large Cap Fund (Direct) | SBI Large & Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.72% | +15.59% |
| Standard deviation | 15.08% | 14.85% |
| Sharpe ratio | 0.51 | 0.64 |
| Sortino ratio | 0.69 | 0.86 |
| Maximum drawdown | −37.1% (23-03-2020) | −36.4% (23-03-2020) |
| Beta | 0.93 | -- |
| Alpha | +2.07% | -- |
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.
SBI Large Cap Fund (Direct)
SBI Large & Midcap Fund (Direct)
BSE 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| SBI Large Cap Fund (Direct) | −37.1% | 16-01-2020 | 23-03-2020 | 09-11-2020 | 8 months | −8.0% |
| SBI Large & Midcap Fund (Direct) | −36.4% | 20-02-2020 | 23-03-2020 | 24-11-2020 | 8 months | −9.7% |
| BSE 100 TRI | −38.0% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −10.4% |
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.
SBI Large Cap Fund (Direct)
SBI Large & Midcap Fund (Direct)
BSE 100 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.
SBI Large Cap Fund (Direct)
SBI Large & Midcap Fund (Direct)
BSE 100 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.
SBI Large Cap Fund (Direct)
SBI Large & Midcap Fund (Direct)
BSE 100 TRI
Against BSE 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| SBI Large Cap Fund (Direct) | 98% | 87% | 3.62% |
| SBI Large & Midcap Fund (Direct) | 103% | 82% | 5.59% |
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.
SBI Large Cap vs SBI Large & Midcap: Portfolio Overlap
From each fund's latest monthly portfolio: SBI Large Cap Fund, September 2026; SBI Large & Midcap Fund, September 2026
Holdings in common
- Overlap
- 36.3%
- Held by both
- 26
- Only in SBI Large Cap
- 30
- Only in SBI Large & Midcap
- 60
| Security | % of SBI Large Cap | % of SBI Large & Midcap |
|---|---|---|
| HDFC Bank Ltd. | 8.19% | 6.65% |
| ICICI Bank Ltd. | 8.29% | 3.79% |
| Axis Bank Ltd. | 3.22% | 3.33% |
| Asian Paints Ltd. | 3.39% | 2.28% |
| Tata Motors Ltd. | 3.06% | 2.22% |
| Divi's Laboratories Ltd. | 3.61% | 1.90% |
| Shree Cement Ltd. | 2.02% | 1.85% |
| HDFC Life Insurance Company Ltd. | 2.89% | 1.76% |
| Adani Enterprises Ltd. | 1.61% | 2.46% |
| Hindustan Unilever Ltd. | 1.47% | 1.35% |
| Kotak Mahindra Bank Ltd. | 4.60% | 1.33% |
| ICICI Prudential Asset Management Company Ltd. | 1.21% | 1.55% |
| Page Industries Ltd. | 2.20% | 1.09% |
| State Bank of India | 3.50% | 0.91% |
| Infosys Ltd. | 3.38% | 0.86% |
| Samvardhana Motherson International Ltd. | 3.79% | 0.81% |
| Tata Steel Ltd. | 0.66% | 0.63% |
| Adani Energy Solutions Ltd. | 0.63% | 0.88% |
| Swiggy Ltd. | 0.53% | 2.35% |
| Indus Towers Ltd. | 0.46% | 1.30% |
| Vedanta Aluminium Metal Ltd. | 1.36% | 0.41% |
| Torrent Power Ltd. | 0.27% | 2.00% |
| Motherson Sumi Wiring India Ltd. | 0.43% | 0.24% |
| Sun Pharmaceutical Industries Ltd. | 1.90% | 0.13% |
| 364 DAY T-BILL 19.11.26 | 0.13% | 0.09% |
| 91 DAY T-BILL 03.12.26 | 0.09% | 0.17% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.3% means 36.3% 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 SBI Large Cap Fund
| Security | % of fund |
|---|---|
| Larsen & Toubro Ltd. | 5.31% |
| Reliance Industries Ltd. | 3.51% |
| Avenue Supermarts Ltd. | 2.24% |
| Bharti Airtel Ltd. | 2.15% |
| Cholamandalam Investment & Finance Co. Ltd. | 2.04% |
Largest holdings only in SBI Large & Midcap Fund
| Security | % of fund |
|---|---|
| Balkrishna Industries Ltd. | 2.46% |
| Gland Pharma Ltd. | 2.28% |
| Berger Paints India Ltd. | 2.25% |
| Biocon Ltd. | 2.20% |
| Ashok Leyland Ltd. | 2.13% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | SBI Large Cap | SBI Large & Midcap |
|---|---|---|
| Equity | 99.1% | 96.9% |
| Debt | 0.4% | 0.3% |
| Cash and others | 0.5% | 2.8% |
Market cap of stocks
| Market cap | SBI Large Cap | SBI Large & Midcap |
|---|---|---|
| Large Cap | 83.5% | 41.0% |
| Mid Cap | 13.7% | 35.5% |
| Small Cap | 1.9% | 19.6% |
| Foreign stocks | 0.0% | 0.8% |
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 | SBI Large Cap | SBI Large & Midcap |
|---|---|---|
| Banks | 27.8% | 16.0% |
| Pharmaceuticals & Biotechnology | 7.7% | 12.9% |
| Auto Components | 7.0% | 9.2% |
| Consumer Durables | 3.4% | 6.9% |
| Insurance | 5.5% | 2.0% |
| Construction | 5.3% | 0.5% |
| IT - Software | 5.3% | 4.9% |
| Agricultural, Commercial & Construction Vehicles | 3.1% | 4.3% |
The six largest sectors of each fund's stocks, % of the fund.
SBI Large Cap vs SBI Large & Midcap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | SBI Large Cap Fund | SBI Large & Midcap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.89% | 0.86% |
| Base expense ratio (Direct) | 0.70% | 0.61% |
| Total expense ratio (Regular) | 1.51% | 1.65% |
| Base expense ratio (Regular) | 1.23% | 1.29% |
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 SBI Large Cap with
SBI Large Cap Fund vs SBI Large & Midcap Fund: Frequently Asked Questions
What is the difference between SBI Large Cap Fund and SBI Large & Midcap Fund?
SBI Large Cap Fund is a Large Cap fund, SBI Large & Midcap Fund is a Large & Mid Cap fund, run by SBI Mutual Fund. Their portfolios overlap 36.3%. SBI Large Cap Fund charges 0.89% a year and SBI Large & Midcap Fund 0.86%.
Which has given higher returns, SBI Large Cap Fund or SBI Large & Midcap Fund?
Over 1 year: SBI Large Cap Fund −5.75%, SBI Large & Midcap Fund −5.40%. Over 3 years: SBI Large Cap Fund +9.25% a year, SBI Large & Midcap Fund +12.07% a year. Over 5 years: SBI Large Cap Fund +8.31% a year, SBI Large & Midcap Fund +11.58% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, SBI Large Cap Fund or SBI Large & Midcap Fund?
SBI Large & Midcap Fund charges less: 0.86% a year against 0.89%. These are the Direct plans' total expense ratios reported to AMFI.
How much do SBI Large Cap Fund and SBI Large & Midcap Fund overlap?
36.3%. They hold 26 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, AXISBANK. From each fund's latest monthly portfolio.
Which is better for SIP, SBI Large Cap Fund or SBI Large & Midcap Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,34,952 in SBI Large Cap Fund (XIRR 7.3% a year) and ₹7,80,110 in SBI Large & Midcap Fund (XIRR 9.6% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both SBI Large Cap Fund and SBI Large & Midcap Fund?
Yes. 36.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.