📊 Mid Cap Fund · Deep Analysis

HDFC Large and Mid Cap FundOption

HDFC Mutual Fund · Direct Growth · SEBI Category: Mid Cap

Current NAV ₹349.9070 (+0.29% today) As of 04 Jun 2026
1 Year Return +0.5%
3 Year CAGR +17.1% p.a.
5 Year CAGR +16.6% p.a.
AAUM ₹27.6K Cr Jan–Mar 2026
All data from RightAdvise DB — calculated from 2,566 daily NAV records
Fund Overview

HDFC Large and Mid Cap FundOption — Quick Summary

HDFC Large and Mid Cap Fund is backed by HDFC AMC — one of India's most trusted and largest fund houses. The fund maintains the mandatory SEBI-specified 35% each in large and mid cap stocks, with the remaining 30% deployed at the fund managers' discretion based on prevailing market opportunities. HDFC AMC's extensive research infrastructure covers companies across all market capitalizations.

The fund's investment approach blends value and growth considerations, seeking quality businesses at reasonable valuations within both the large and mid cap segments. With an AUM of over Rs.25,000 crore, it reflects significant investor trust in HDFC AMC's fund management capabilities.

Fund House
HDFC Mutual Fund
SEBI Category
Mid Cap
Benchmark
NIFTY Large Midcap 250 TRI
Fund Manager
Gopal Agrawal, Dhruv Muchhal
AMFI Code
130498
Risk Level
Very High
NAV Records in DB
2,566 days
Quarterly Average AUM · Jan–Mar 2026
₹27.6K Cr
↓ Decreased by 1.5% vs Oct–Dec 2025 · ₹28.0K Cr
Official quarterly average AUM from AMFI disclosure. Published every 3 months.
📊
✓ Suitable For
Suited for moderate to high risk investors with a 5 to 7+ year horizon who want a diversified large and mid cap fund backed by HDFC AMC's research strength.
HDFC AMC's institutional research capabilities across large and mid cap segments, a large AUM reflecting investor trust, value-growth blend investment approach, and the backing of India's most trusted fund house make HDFC Large and Mid Cap a reliable core portfolio addition.
✗ Not Suitable For
Investors wanting pure large cap stability — the mandatory 35% mid cap allocation adds meaningful volatility. Those with horizons under 5 years. Investors who prefer a single-segment equity exposure rather than the mandated large-and-mid combination.
Who Runs This Fund

Fund Manager

GA
Gopal Agrawal, Dhruv Muchhal
HDFC Mutual Fund · Managing since 2019

Gopal Agrawal and Dhruv Muchhal co-manage the HDFC Large and Mid Cap Fund. Gopal Agrawal is a senior fund manager at HDFC MF known for a research-driven, growth-oriented approach to stock selection across large and mid cap segments. Dhruv Muchhal contributes to portfolio construction and research, bringing analytical rigour to the fund's mid cap selection process.

For current co-manager details and full biography, refer to the latest HDFC Mutual Fund factsheet on AMFI or the AMC website.

What to Factor In

Things to Consider

Informational points to help you form your own view — not judgements or recommendations.

AMFI Code · Informational
AMFI Scheme Code: 130498
The official AMFI scheme code for HDFC Large and Mid Cap FundOption Direct Growth is 130498. Use this when transacting on platforms or verifying data across databases.
Important Note
Points Worth Knowing
HDFC Large and Mid Cap Fund must maintain at least 35% in large caps and 35% in mid caps per SEBI rules. The mid cap portion adds volatility and return potential beyond what a pure large cap fund delivers. In bear markets, the mandatory mid cap exposure will cause this fund to fall more than pure large cap peers. This is a structural feature of the category.
Investment Objective
As per Scheme Information Document
To generate long term capital appreciation and income from a portfolio invested predominantly in equity and equity related instruments of large and mid cap companies.
All Data Below — From RightAdvise Database
Category Comparison

Top 5 Large & Mid Cap Funds Compared

Live data. Current fund highlighted. Click any fund name for full analysis.

FundNAVAAUM1Y Return 3Y CAGR 5Y CAGR Sharpe (3Y)
Motilal Oswal Large and Midcap Fund ₹38.72 ₹14.7K Cr Jan–Mar 2026 +5.2% +25.2% p.a. +21.3% p.a. 1.13
ICICI Prudential Large & Mid Cap Fund ₹1,111.18 ₹27.5K Cr Jan–Mar 2026 +1.1% +18.4% p.a. +18.5% p.a. 1.06
HDFC Large and Mid Cap Fund ▲ ₹349.91 ₹27.6K Cr Jan–Mar 2026 +0.5% +17.1% p.a. +16.6% p.a. 0.83
Bandhan Large & Mid Cap Fund ₹160.76 ₹14.1K Cr Jan–Mar 2026 +6.1% +22.7% p.a. +18.8% p.a. 1.23
UTI Large & Mid Cap Fund ₹192.42 ₹4.7K Cr Jan–Mar 2026 +3.1% +19.5% p.a. +16.4% p.a. 1.07
Best value in each column shown in green. AAUM from latest AMFI quarterly filing. Returns calculated from daily NAV history.
Performance

Fund Returns

Calculated from 2,566 daily NAV records in RightAdvise DB. Last calculated: Jun 2026.

1M / 3M / 6M / 1Y — simple point-to-point return  ·  3Y / 5Y / 10Y — CAGR (compounded annual growth rate)

1 MonthPoint-to-point
-0.1%
3 MonthPoint-to-point
-1.3%
6 MonthPoint-to-point
-5.2%
1 YearPoint-to-point
+0.5%
3 YearCAGR
+17.1% p.a.
5 YearCAGR
+16.6% p.a.
10 YearCAGR
+15.0% p.a.
₹1 Lakh → 5YLump sum growth
₹210,098

Best & Worst Periods Ever

Based on all rolling windows in full NAV history. Dates show the start and end of each period.

Best 1Y WindowSimple return
+100.6%
Mar 2020 – Mar 2021
Worst 1Y WindowSimple return
-34.4%
Mar 2019 – Mar 2020
Best 3Y CAGRCAGR p.a.
+40.9% p.a.
Mar 2020 – Apr 2023
Worst 3Y CAGRCAGR p.a.
-8.9% p.a.
Feb 2017 – Mar 2020

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025
+6.9%
2024
+20.4%
2023
+38.9%
2022
+9.1%
2021
+44.0%
2020
+11.8%
2019
+6.8%
2018
-3.7%
2017
+29.5%
Consistency Analysis

Rolling Returns ℹ️ What is this?

Rolling returns show performance across every possible investment start date — not one cherry-picked number. Learn more →

1Y Rolling Avg
18.8%
Positive in 86% of windows
Best: 100.6% · Worst: -34.4%
3Y Rolling Avg
17.9% p.a.
Positive in 95% of windows
Best: 40.9% · Worst: -8.9%
5Y Rolling Avg
19.4% p.a.
Positive in 100% of windows
Best: 35.8% · Worst: 10.4%
1-Year Rolling Returns Each bar = 1Y return starting from that date
Risk Analysis

Maximum Drawdown ℹ️ What is this?

How much the fund fell from its peak NAV — what investors actually experience during crashes. Calculated from full NAV history.

Max Drawdown Ever
-39.5%
Jan 2020 → Mar 2020
Recovered: Nov 2020 (1yr)
Current from Peak
-6.1%
All-time Peak: ₹372.74
Peak date: Jan 2026

How the fund behaved in key crisis periods

Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.

2024–25 Tariff / Correction
-18.7%
Sep 27, 2024 – Apr 7, 2025
Recovered: Jan 2026 (1yr 3mo)
COVID-19 Crash
-38.1%
Feb 19 – Mar 23, 2020
Recovered: Nov 2020 (11 mos)
2022 Rate Hike Cycle
-14.8%
Jan 17 – Jun 17, 2022
Recovered: Aug 2022 (3 mos)
2018 IL&FS Crisis
-13.4%
Aug 28 – Oct 26, 2018
Recovered: Jun 2019 (11 mos)
Risk Metrics

Risk Ratios

Calculated from 3 years of daily NAV — industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →

Sharpe Ratio (3Y)
0.83
Return per unit of total risk. >1 is good. Learn more →
Sortino Ratio (3Y)
1.14
Like Sharpe but only penalises downside volatility. Learn more →
Std Deviation (3Y)
14.6%
Annualised monthly volatility. Lower = more consistent returns. Learn more →
📊
Want to see what HDFC Large and Mid Cap FundOption is actually holding?

Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes — from official AMC disclosures.

Full current portfolio — all stocks, weights, sectors
New entries and exits over the last 3 months
Sector allocation and month-over-month changes
Updated monthly from official AMC disclosures
See Portfolio Holdings →
← Compare all Mid Cap Funds

See how HDFC Large and Mid Cap FundOption ranks against other Mid Cap funds on returns, drawdown, Sharpe ratio and AAUM — side by side.

Learn the Metrics
📖 Deep Dive
CAGR, Sharpe, Sortino & Std Dev
What these numbers mean and how to use them
📖 Deep Dive
Drawdown & Rolling Returns
Why these reveal more than any CAGR figure
⚠️ RightAdvise.com is NOT registered with SEBI. All content is for educational purposes only. Mutual Fund investments are subject to market risks. Please read all scheme-related documents carefully and consult a SEBI-registered advisor before investing.
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⚠️ RightAdvise.com is NOT registered with SEBI. All content is for educational purposes only. Mutual Fund investments are subject to market risks. Please read all scheme-related documents carefully and consult a SEBI-registered advisor before investing.