UTI Large & Mid Cap Fund vs UTI Retirement Fund
Direct Plan, Growth option · Data as on 30-10-2026
UTI Large & Mid Cap Fund is a Large & Mid Cap fund and UTI Retirement Fund is a Solution fund. In the 3 years to 30-10-2026, UTI Large & Mid Cap Fund (Direct) returned 13.9% a year and UTI Retirement Fund (Direct) returned 8.4% a year. UTI Large & Mid Cap Fund charges 1.14% a year and UTI Retirement Fund 1.16% (Direct plans). Their portfolios overlap 36.5%: they hold 57 of the same securities.
UTI Large & Mid Cap Fund
Large & Mid Cap
- 3 year return
- 13.9%
- Expense ratio
- 1.14%
- NAV
- ₹187.92
Which is better, UTI Large & Mid Cap or UTI Retirement? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- UTI Large & Mid Cap returned more over 5 years: 12.4% a year against 8.1%.
- UTI Large & Mid Cap returned more over 3 years: 13.9% a year against 8.4%.
- UTI Large & Mid Cap costs less: 1.14% a year against 1.16% (Direct plans).
- UTI Retirement swung less over 3 years: a standard deviation of 5.7% a year against 13.6%.
- UTI Retirement fell less in its worst fall since 02-01-2013: −18.9% against −41.5%.
- UTI Large & Mid Cap holds more in large companies: 46.9% of the fund in large caps against 24.3%.
- UTI Large & Mid Cap is the larger fund: ₹6,220 Cr against ₹4,578 Cr.
- Their portfolios overlap 36.5%: 57 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 | UTI Large & Mid Cap Fund | UTI Retirement Fund |
|---|---|---|
| Fund house | UTI Mutual Fund | UTI Mutual Fund |
| Category | Large & Mid Cap | Solution |
| AUM | ₹6,220 Cr (30-09-2026) | ₹4,578 Cr (30-09-2026) |
| NAV | ₹187.92 (Direct) | ₹53.47 (Direct) |
| Expense ratio (Direct) | 1.14% | 1.16% |
| Expense ratio (Regular) | 1.96% | 1.63% |
| Riskometer | Very High | High |
| Benchmark | Nifty LargeMidcap 250 TRI | CRISIL Short Term Debt Hybrid 60+40 Index |
| Launch date | 20-05-2009 | 26-12-1994 |
| Minimum investment | Regular Plan-Growth- Rs.5000, Regular Plan-Reinvestment of IDCW- Rs.5000, Regular Plan-Payout of IDCW- Rs.5000, Direct Plan-Growth- Rs.5000, Direct Plan-Reinvestment of IDCW- Rs.5000, Direct Plan-Payout of IDCW- Rs.5000, | Regular Plan-Growth- Rs.500, Direct Plan-Growth- Rs.500, |
| Lock in | None | 5 years, or until retirement if earlier |
| Fund managers | V Srivatsa FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4 | Anurag Mittal FM 1, V Srivatsa FM 2, Not Applicable FM 3 |
| Exit load | 1% if redeemed before 1 year from the date of allotment. Nil if redeemed on or after 1 year from the date of allotment | Period of Holding *: (A) Less than one year – 1% (B) Greater than or equal to one year – Nil *Units shall not be under lock-in period. |
UTI Large & Mid Cap vs UTI Retirement: 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 |
|---|---|---|---|---|---|---|---|
| UTI Large & Mid Cap Fund (Direct) | −1.68% | −6.23% | −3.58% | −4.85% | +13.94% | +12.41% | +13.40% |
| UTI Retirement Fund (Direct) | −0.57% | −3.07% | −0.47% | −1.80% | +8.43% | +8.14% | +8.70% |
| Large & Mid Cap average | −1.78% | −5.20% | −0.43% | −3.99% | +13.28% | +11.36% | +13.62% |
Category average: the average of the 36 Large & Mid Cap funds, same plan type.
UTI Large & Mid Cap vs UTI Retirement: Year-wise Returns
| Year | Large & Mid CapUTI Large & Mid Cap | RetirementUTI Retirement |
|---|---|---|
| 2026to date | −7.15% | −2.98% |
| 2025 | +8.40% | +6.70% |
| 2024 | +28.31% | +15.22% |
| 2023 | +35.35% | +17.44% |
| 2022 | +5.29% | +6.03% |
| 2021 | +41.52% | +19.32% |
UTI Large & Mid Cap vs UTI Retirement: Rolling Returns
Every holding period of both funds, against NIFTY LargeMidcap 250 TRI, the benchmark of UTI Large & Mid Cap Fund
Rolling returns
Every 3-year holding period, 2,666 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.
UTI Large & Mid Cap Fund (Direct)
UTI Retirement 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| UTI Large & Mid Cap | 5.9 | 5.0 | 14.4 | 19.5 | 21.4 | 23.6 | 10.1 | 15.5% | 16.2% | −10.1% | 36.4% | 63% |
| UTI Retirement | 1.5 | 14.9 | 26.0 | 51.8 | 5.9 | 0.0 | 0.0 | 9.9% | 10.5% | −2.4% | 19.2% | 0% |
| NIFTY LargeMidcap 250 TRI | 0.0 | 0.0 | 3.0 | 12.6 | 38.3 | 35.1 | 11.1 | 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.
UTI Large & Mid Cap vs UTI Retirement: 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 |
|---|---|---|---|---|
| UTI Large & Mid CapUTI Large & Mid Cap Fund (Direct) | ₹16,60,000 | ₹47,44,307 | ₹30,84,307 | 14.1% |
| UTI RetirementUTI Retirement Fund (Direct) | ₹16,60,000 | ₹31,94,695 | ₹15,34,695 | 9.0% |
UTI Large & Mid CapUTI Large & Mid Cap Fund (Direct)
UTI RetirementUTI Retirement 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.
UTI Large & Mid Cap vs UTI Retirement: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | UTI Large & Mid Cap Fund (Direct) | UTI Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.85% | −1.80% |
| Standard deviation | 13.67% | 5.94% |
| Sharpe ratio | -0.74 | -1.19 |
| Sortino ratio | -0.99 | -1.59 |
| Maximum drawdown | −13.4% (31-03-2026) | −6.3% (30-03-2026) |
| Beta | 0.90 | -- |
| Alpha | +0.46% | -- |
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 | UTI Large & Mid Cap Fund (Direct) | UTI Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.94% | +8.43% |
| Standard deviation | 13.61% | 5.75% |
| Sharpe ratio | 0.58 | 0.42 |
| Sortino ratio | 0.79 | 0.57 |
| Maximum drawdown | −17.6% (28-02-2025) | −6.3% (30-03-2026) |
| Beta | 0.89 | -- |
| Alpha | +3.00% | -- |
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 | UTI Large & Mid Cap Fund (Direct) | UTI Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.41% | +8.14% |
| Standard deviation | 13.75% | 5.74% |
| Sharpe ratio | 0.48 | 0.41 |
| Sortino ratio | 0.65 | 0.55 |
| Maximum drawdown | −18.1% (20-06-2022) | −6.3% (30-03-2026) |
| Beta | 0.90 | -- |
| Alpha | +2.27% | -- |
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 | UTI Large & Mid Cap Fund (Direct) | UTI Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.76% | +8.10% |
| Standard deviation | 15.21% | 7.35% |
| Sharpe ratio | 0.51 | 0.28 |
| Sortino ratio | 0.68 | 0.34 |
| Maximum drawdown | −41.5% (23-03-2020) | −18.9% (23-03-2020) |
| 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.
UTI Large & Mid Cap Fund (Direct)
UTI Retirement 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 |
|---|---|---|---|---|---|---|
| UTI Large & Mid Cap Fund (Direct) | −41.5% | 23-01-2018 | 23-03-2020 | 04-12-2020 | 8 months | −8.2% |
| UTI Retirement Fund (Direct) | −18.9% | 03-06-2019 | 23-03-2020 | 27-08-2020 | 5 months | −3.9% |
| 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.
UTI Large & Mid Cap Fund (Direct)
UTI Retirement 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.
UTI Large & Mid Cap Fund (Direct)
UTI Retirement 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.
UTI Large & Mid Cap Fund (Direct)
UTI Retirement Fund (Direct)
NIFTY LargeMidcap 250 TRI
Against NIFTY LargeMidcap 250 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| UTI Large & Mid Cap Fund (Direct) | 96% | 93% | 3.80% |
| UTI Retirement Fund (Direct) | 47% | 37% | 11.35% |
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.
UTI Large & Mid Cap vs UTI Retirement: Portfolio Overlap
From each fund's latest monthly portfolio: UTI Large & Mid Cap Fund, September 2026; UTI Retirement Fund, September 2026
Holdings in common
- Overlap
- 36.5%
- Held by both
- 57
- Only in UTI Large & Mid Cap
- 14
- Only in UTI Retirement
- 63
| Security | % of UTI Large & Mid Cap | % of UTI Retirement |
|---|---|---|
| EQ - HDFC BANK LIMITED | 5.48% | 3.19% |
| EQ - ICICI BANK LTD | 4.55% | 2.96% |
| EQ - RELIANCE INDUSTRIES LTD. | 3.74% | 2.12% |
| EQ - INFOSYS LTD. | 2.91% | 1.96% |
| EQ - LARSEN & TOUBRO LTD. | 2.75% | 1.53% |
| EQ - STATE BANK OF INDIA | 2.91% | 1.33% |
| EQ - ITC LTD. | 2.86% | 1.33% |
| EQ - POWER GRID CORPORATION OF INDI | 2.31% | 1.08% |
| EQ - BHARTI AIRTEL LTD. | 1.92% | 0.93% |
| EQ - SHRIRAM FINANCE LTD | 1.34% | 0.83% |
| EQ - MAHINDRA & MAHINDRA LTD. | 1.23% | 0.79% |
| EQ - COAL INDIA LTD. | 1.55% | 0.77% |
| EQ - LIC OF INDIA | 1.68% | 0.69% |
| EQ - HERO MOTOCORP LTD. | 2.33% | 0.67% |
| EQ - WIPRO LIMITED | 1.64% | 0.67% |
| EQ - VEDANTA ALUMINIUM METAL LTD. | 1.35% | 0.66% |
| EQ - INDUS TOWERS LIMITED | 1.56% | 0.63% |
| EQ - AUROBINDO PHARMA LTD. | 2.63% | 0.60% |
| EQ - INFO-EDGE (INDIA) LTD. | 2.01% | 0.56% |
| EQ - OIL & NATURAL GAS CORPORATION | 1.50% | 0.55% |
| EQ - AJANTA PHARMA LTD. | 1.33% | 0.53% |
| EQ - INTERGLOBE AVIATION LTD | 1.27% | 0.53% |
| EQ - HCL TECHNOLOGIES LTD. | 1.11% | 0.50% |
| EQ - VRL LOGISTICS LTD | 1.04% | 0.50% |
| EQ - GHCL LTD. | 1.06% | 0.49% |
| EQ - GRASIM INDUSTRIES LTD. | 1.54% | 0.47% |
| EQ - CAPLIN POINT LABORATORIES LTD | 1.08% | 0.47% |
| EQ - DCM SHRIRAM LTD. | 1.04% | 0.46% |
| EQ - TATA POWER COMPANY LTD. | 1.02% | 0.46% |
| EQ - NIIT LEARNING SYSTEMS LTD | 0.98% | 0.45% |
| EQ - RAYMOND LIFESTYLE LTD | 0.75% | 0.42% |
| EQ - ALEMBIC PHARMACEUTICALS | 0.71% | 0.41% |
| EQ - SUNDARAM FINANCE LTD. | 1.85% | 0.40% |
| EQ - MOTILAL OSWAL FINANCIAL SERVIC | 1.66% | 0.40% |
| EQ - EMAMI LTD. | 1.03% | 0.40% |
| EQ - CROMPTON GREAVES CONSUMER ELEC | 1.00% | 0.40% |
| EQ - ADITYA BIRLA CAPITAL LTD | 2.28% | 0.39% |
| EQ - G R INFRAPROJECTS LTD | 1.00% | 0.38% |
| EQ - INDUSIND BANK | 1.00% | 0.37% |
| EQ - PHOENIX MILLS LTD | 1.73% | 0.36% |
| EQ - TATA MOTORS LTD | 0.66% | 0.35% |
| EQ - GENERAL INSURANCE CORPORATION | 1.77% | 0.33% |
| EQ - DR REDDYS LABORATORIES LTD. | 1.47% | 0.32% |
| EQ - GREAT EASTERN SHIPPING CO. LTD | 0.75% | 0.31% |
| EQ - ICICI PRUDENTIAL LIFE INSURA L | 1.12% | 0.30% |
| EQ - MARKSANS PHARMA LTD. | 0.73% | 0.29% |
| EQ - UPL LTD. | 1.49% | 0.25% |
| EQ - TIPS MUSIC LIMITED | 0.50% | 0.25% |
| EQ - FEDERAL BANK LTD. | 1.38% | 0.24% |
| EQ - JK PAPER LTD. | 0.82% | 0.24% |
| EQ - MAHINDRA HOLIDAYS & RESORTS IN | 0.44% | 0.24% |
| EQ - NATIONAL ALUMINIUM CO. LTD. | 0.96% | 0.23% |
| EQ - ROSSARI BIOTECH LTD | 0.26% | 0.13% |
| EQ - NATIONAL STOCK EXCHANGE OF INDIA LIMITED | 0.46% | 0.12% |
| EQ - MAX FINANCIAL SERVICES LTD. | 0.77% | 0.11% |
| EQ - MAHARASHTRA SEAMLESS LTD. | 0.26% | 0.11% |
| EQ - VEDANTA IRON AND STEEL LTD. | 0.11% | 0.05% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.5% means 36.5% 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 UTI Large & Mid Cap Fund
| Security | % of fund |
|---|---|
| REIT- EMBASSY OFFICE PARKS | 1.51% |
| REIT - BAGMANE PRIME OFFICE | 1.21% |
| EQ - ORACLE FINANCIAL SERVICES SOFT | 1.08% |
| EQ - BANK OF MAHARASHTRA | 1.00% |
| EQ - JUBILANT FOODWORKS LTD. | 0.98% |
Largest holdings only in UTI Retirement Fund
| Security | % of fund |
|---|---|
| 07.18% GSEC MAT -24/07/2037 | 6.20% |
| 07.32% GSEC MAT -13/11/2030 | 3.11% |
| 7.24% GSEC MAT- 18/08/2055 | 3.11% |
| CP EXPORT IMPORT BANK OF INDIA | 2.12% |
| MF UNITS UTI - FLOATER FUND | 1.75% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | UTI Large & Mid Cap | UTI Retirement |
|---|---|---|
| Equity | 95.3% | 36.7% |
| Debt | 0.0% | 45.3% |
| Cash and others | 4.8% | 18.1% |
Market cap of stocks
| Market cap | UTI Large & Mid Cap | UTI Retirement |
|---|---|---|
| Large Cap | 46.9% | 24.3% |
| Mid Cap | 33.4% | 6.1% |
| Small Cap | 14.6% | 6.2% |
| Not on AMFI's list | 0.5% | 0.1% |
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 | UTI Large & Mid Cap | UTI Retirement |
|---|---|---|
| Banks | 16.3% | 8.1% |
| Pharmaceuticals & Biotechnology | 9.2% | 2.6% |
| IT - Software | 6.7% | 3.1% |
| Finance | 6.1% | 1.6% |
| Insurance | 5.3% | 1.4% |
| Construction | 3.8% | 1.9% |
| Petroleum Products | 3.7% | 2.1% |
The six largest sectors of each fund's stocks, % of the fund.
UTI Large & Mid Cap vs UTI Retirement: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | UTI Large & Mid Cap Fund | UTI Retirement Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.14% | 1.16% |
| Base expense ratio (Direct) | 0.83% | 0.94% |
| Total expense ratio (Regular) | 1.96% | 1.63% |
| Base expense ratio (Regular) | 1.57% | 1.36% |
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
UTI Large & Mid Cap Fund vs UTI Retirement Fund: Frequently Asked Questions
What is the difference between UTI Large & Mid Cap Fund and UTI Retirement Fund?
UTI Large & Mid Cap Fund is a Large & Mid Cap fund, UTI Retirement Fund is a Solution fund, run by UTI Mutual Fund. Their portfolios overlap 36.5%. UTI Large & Mid Cap Fund charges 1.14% a year and UTI Retirement Fund 1.16%.
Which has given higher returns, UTI Large & Mid Cap Fund or UTI Retirement Fund?
Over 1 year: UTI Large & Mid Cap Fund −4.85%, UTI Retirement Fund −1.80%. Over 3 years: UTI Large & Mid Cap Fund +13.94% a year, UTI Retirement Fund +8.43% a year. Over 5 years: UTI Large & Mid Cap Fund +12.41% a year, UTI Retirement Fund +8.14% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, UTI Large & Mid Cap Fund or UTI Retirement Fund?
UTI Large & Mid Cap Fund charges less: 1.14% a year against 1.16%. These are the Direct plans' total expense ratios reported to AMFI.
How much do UTI Large & Mid Cap Fund and UTI Retirement Fund overlap?
36.5%. They hold 57 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, UTI Large & Mid Cap Fund or UTI Retirement Fund?
On SEBI's riskometer, UTI Large & Mid Cap Fund is rated Very High and UTI Retirement Fund High. Over 3 years, the standard deviation of daily returns was 13.61% and 5.75% a year.
Which is better for SIP, UTI Large & Mid Cap Fund or UTI Retirement Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹8,18,415 in UTI Large & Mid Cap Fund (XIRR 11.5% a year) and ₹7,30,976 in UTI Retirement Fund (XIRR 7.1% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both UTI Large & Mid Cap Fund and UTI Retirement Fund?
Yes. 36.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages UTI Large & Mid Cap Fund and UTI Retirement Fund?
UTI Large & Mid Cap Fund: V Srivatsa FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4. UTI Retirement Fund: Anurag Mittal FM 1, V Srivatsa FM 2, Not Applicable FM 3.
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.