Compare the best large and midcap funds in India — Motilal Oswal, ICICI Prudential, HDFC, Bandhan and UTI Large & Mid Cap. SEBI mandates 35% each in large and mid cap. Live NAV, 5Y returns, AAUM and risk from RightAdvise database.
Sorted by 5-year CAGR. Click any fund for full analysis — rolling returns, drawdown chart, NAV history and risk ratios.
If you had invested ₹1 lakh 5 years ago in each fund, here is how much it would be worth today. Calculated from 5 years of daily NAV in the RightAdvise database.
💡 What is AAUM? AAUM stands for Average Assets Under Management — the average value of all investor money a fund managed during a specific quarter. Reported to SEBI every quarter via AMFI. More reliable than a single-day AUM snapshot.
| Fund | NAV | AAUM | 1Y Return | 3Y CAGR | 5Y CAGR | 10Y CAGR | Max Drawdown | Sharpe (3Y) |
|---|---|---|---|---|---|---|---|---|
| Motilal Oswal Large and Midcap Fund | ₹38.72 2026-06-04 | ₹14.7K Cr Jan–Mar 2026 | +5.2% | +25.2 % p.a. | +21.3 % p.a. | — | -37.4% | 1.13 |
| Bandhan Large & Mid Cap Fund | ₹160.76 2026-06-04 | ₹14.1K Cr Jan–Mar 2026 | +6.1% | +22.7 % p.a. | +18.8 % p.a. | +17.2 % p.a. | -38.5% | 1.23 |
| ICICI Prudential Large & Mid Cap Fund | ₹1,111.18 2026-06-04 | ₹27.5K Cr Jan–Mar 2026 | +1.1% | +18.4 % p.a. | +18.5 % p.a. | +16.5 % p.a. | -37.4% | 1.06 |
| HDFC Large and Mid Cap Fund | ₹349.91 2026-06-04 | ₹27.6K Cr Jan–Mar 2026 | +0.5% | +17.1 % p.a. | +16.6 % p.a. | +15.0 % p.a. | -39.5% | 0.83 |
| UTI Large & Mid Cap Fund | ₹192.42 2026-06-04 | ₹4.7K Cr Jan–Mar 2026 | +3.1% | +19.5 % p.a. | +16.4 % p.a. | +14.7 % p.a. | -41.5% | 1.07 |
As per SEBI, Large & Midcap Funds must invest at least 35% of their assets in large-cap stocks (top 100 companies by market cap) and at least 35% in mid-cap stocks (101st to 250th companies). Total equity exposure must be at least 65%. The remaining 30% is at the fund manager's discretion.
Large & Midcap Funds are built on a deliberate combination of stability and growth. The mandatory 35% in large caps provides a stable foundation — India's biggest, most liquid companies with proven track records. The mandatory 35% in mid caps adds a growth engine — companies in the 101 to 250 rank that are scaling up fast. If you are searching for the best large and midcap fund in India, the key advantage of this category is that the mid cap exposure is guaranteed by SEBI regulation — unlike flexi cap funds where the manager can choose to stay predominantly in large caps.
Looking for a large and mid cap mutual funds comparison? The table on this page shows Motilal Oswal Large and Midcap Fund, ICICI Prudential Large & Mid Cap Fund, HDFC Large and Mid Cap Fund, Bandhan Large & Mid Cap Fund and UTI Large & Mid Cap Fund — all side by side. One quick win worth knowing: ICICI Large and Midcap Fund vs Motilal Oswal Large and Midcap Fund is one of the most searched comparisons in this category — both are on this page so you can compare their 5-year returns, drawdown and Sharpe ratio directly.
The critical difference is the mandatory allocation. Large & Midcap funds MUST always keep at least 35% each in large and mid cap stocks — a SEBI rule. A Flexi Cap fund manager can choose to put 90% in large caps if they want, or reduce mid cap exposure significantly during uncertain markets. Large & Midcap funds offer more predictable allocation; Flexi Cap funds offer more managerial flexibility. If you want guaranteed mid cap exposure regardless of market conditions, Large & Midcap is the cleaner choice.
New fund analysis, articles and market insights — no spam, no selling. Unsubscribe anytime.
Found this useful? Share it