ICICI Prudential Mutual Fund · Direct Growth · SEBI Category: Mid Cap
ICICI Prudential Large and Mid Cap Fund has one of the longest track records in the category — launched in 2007 — making it one of the pioneer large and midcap funds in India. Co-managed by S. Naren (ICICI Prudential's CIO and renowned value investor) and Rajat Chandak, the fund brings ICICI Prudential's deep research capabilities and valuation discipline to the mandatory 35-35 large and mid cap mandate.
The fund's long history since 2007 provides investors with evidence of its behavior through the 2008 global financial crisis, the 2013 taper tantrum, the 2020 COVID crash and multiple market cycles. S. Naren's contrarian value approach has historically positioned the fund well during market recoveries, while the mid cap allocation adds growth potential.
Sankaran Naren and Rajat Chandak co-manage the ICICI Prudential Large & Mid Cap Fund. Naren's contrarian philosophy influences the fund's sector allocation — rotating into unloved areas when they are cheap and reducing exposure to expensive sectors. Rajat Chandak manages the portfolio construction alongside Naren, bringing research-driven stock selection across the large and mid cap universe.
For current co-manager details and full biography, refer to the latest ICICI Prudential Mutual Fund factsheet on AMFI or the AMC website.
Informational points to help you form your own view — not judgements or recommendations.
Live data. Current fund highlighted. Click any fund name for full analysis.
| Fund | NAV | AAUM | 1Y 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 and 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 and 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 and Mid Cap Fund | ₹192.42 | ₹4.7K Cr Jan–Mar 2026 | +3.1% | +19.5% p.a. | +16.4% p.a. | 1.07 |
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)
Based on all rolling windows in full NAV history. Dates show the start and end of each period.
Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.
Rolling returns show performance across every possible investment start date — not one cherry-picked number. Learn more →
How much the fund fell from its peak NAV — what investors actually experience during crashes. Calculated from full NAV history.
Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.
Calculated from 3 years of daily NAV — industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →
Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes — from official AMC disclosures.
See how ICICI Prudential Large & Mid Cap Fund ranks against other Mid Cap funds on returns, drawdown, Sharpe ratio and AAUM — side by side.
New fund analysis, articles and market insights — no spam, no selling. Unsubscribe anytime.
Found this useful? Share it
Found an error? Have a suggestion? We read every response.