Large and Mid Cap Mutual Funds
All 36 large and mid cap funds, Direct Growth plans, compared on returns, risk and cost. NAV as of 7 Oct 2026.
Category average
+13.1%
3 years, a year
Category average
+11.8%
5 years, a year
Category average
16.4%
Volatility, 3 years
Category average
1.24%
Expense ratio
Against the NIFTY Large Midcap 250 Index: 19 of 26 funds with at least 5 calendar years of history returned more than the index in at least half of the years from 2017 to 2026. The 2026 figure is year to date.
Large and Mid Cap funds compared
| Fund | 1Y | 3Y a year | 5Y a year | Volatility 3Y | Worst fall 5Y | Years ahead of index | Expense | Fund size |
|---|---|---|---|---|---|---|---|---|
| +6.6% | +21.5% | +18.8% | 21.6% | -26.1% | 4 of 7 | 0.92% | ₹20,159 Cr | |
| +6.2% | +21.8% | +16.5% | 18.6% | -19.9% | 5 of 10 | 0.79% | ₹12,387 Cr | |
| +1.8% | +16.8% | +16.0% | 15.9% | -18.3% | 8 of 10 | 1.23% | ₹21,020 Cr | |
| +8.5% | +14.5% | +14.7% | 19.4% | -24.1% | 6 of 10 | 1.25% | ₹3,487 Cr | |
| +6.6% | +16.8% | +13.6% | 18.5% | -25.1% | 4 of 7 | 1.44% | ₹5,931 Cr | |
| -4.0% | +13.7% | +13.4% | 14.9% | -14.8% | 6 of 10 | 1.34% | ₹33,592 Cr | |
| -2.3% | +11.8% | +13.3% | 16.4% | -18.7% | 6 of 10 | 0.90% | ₹30,294 Cr | |
| -1.5% | +12.4% | +12.8% | 15.6% | -18.5% | 4 of 10 | 0.66% | ₹32,325 Cr | |
| -1.2% | +13.4% | +12.6% | 15.4% | -18.3% | 5 of 10 | 1.08% | ₹6,514 Cr | |
| +1.3% | +13.3% | +12.2% | 16.0% | -18.2% | 5 of 10 | 0.68% | ₹4,942 Cr | |
| -1.2% | +11.7% | +11.8% | 13.8% | -16.4% | 6 of 10 | 0.85% | ₹42,336 Cr | |
| +2.2% | +11.2% | +11.6% | 15.6% | -20.0% | 5 of 7 | 0.86% | ₹2,929 Cr | |
| -3.5% | +13.4% | +11.5% | 15.9% | -19.1% | 3 of 10 | 1.51% | ₹7,903 Cr | |
| +4.6% | +13.6% | +11.5% | 16.4% | -20.3% | 5 of 10 | 1.42% | ₹7,544 Cr | |
| +4.5% | +14.5% | +11.3% | 14.5% | -21.3% | 6 of 8 | 0.86% | ₹17,320 Cr | |
| +3.6% | +12.7% | +11.1% | 15.4% | -19.6% | 4 of 7 | 1.29% | ₹1,018 Cr | |
| -4.4% | +12.4% | +11.0% | 15.9% | -19.5% | 5 of 10 | 0.81% | ₹18,411 Cr | |
| -0.7% | +13.0% | +11.0% | 16.5% | -20.6% | 3 of 6 | 1.16% | ₹1,877 Cr | |
| +2.9% | +12.5% | +10.8% | 16.0% | -21.2% | 5 of 10 | 1.47% | ₹529 Cr | |
| +1.2% | +9.3% | +9.9% | 17.2% | -18.8% | 4 of 10 | 0.66% | ₹315 Cr | |
| -2.8% | +12.2% | +9.9% | 17.2% | -18.7% | 4 of 10 | 1.66% | ₹3,198 Cr | |
| -1.5% | +10.6% | +9.2% | 16.3% | -19.5% | 6 of 10 | 0.86% | ₹45,811 Cr | |
| -4.5% | +11.5% | +9.2% | 16.3% | -18.5% | 5 of 10 | 0.77% | ₹26,331 Cr | |
| -7.9% | +6.1% | +8.4% | 16.1% | -21.7% | 3 of 10 | 0.77% | ₹7,679 Cr | |
| -5.1% | +10.2% | +8.4% | 15.5% | -19.5% | 4 of 10 | 1.58% | ₹3,622 Cr | |
| +1.8% | +10.3% | +6.4% | 16.4% | -27.8% | 4 of 10 | 1.26% | ₹5,998 Cr | |
| +2.0% | N/A | N/A | N/A | N/A | 1 of 1 | 1.04% | ₹464 Cr | |
| +1.8% | N/A | N/A | 14.8% | N/A | 3 of 3 | 0.90% | ₹2,524 Cr | |
| +1.7% | N/A | N/A | N/A | N/A | 1 of 2 | 1.06% | ₹729 Cr | |
| +1.4% | N/A | N/A | N/A | N/A | 2 of 2 | 1.08% | ₹1,473 Cr | |
| -0.4% | N/A | N/A | N/A | N/A | 0 of 2 | 1.19% | ₹2,463 Cr | |
| -2.2% | N/A | N/A | N/A | N/A | 1 of 2 | 0.86% | ₹831 Cr | |
| -6.1% | N/A | N/A | N/A | N/A | 0 of 1 | 2.33% | ₹99 Cr | |
| N/A | N/A | N/A | N/A | N/A | N/A | 0.95% | ₹437 Cr | |
| N/A | N/A | N/A | N/A | N/A | N/A | 3.10% | ₹111 Cr | |
| N/A | N/A | N/A | N/A | N/A | N/A | 4.11% | ₹366 Cr |
Ordered by 5-year annualised return, highest first; funds younger than 5 years follow by 3-year, then 1-year return.Years ahead of index counts the calendar years from 2017 to 2026 in which the fund returned more than the NIFTY Large Midcap 250 Index. Returns over 3 years and longer are compounded annual returns. Volatility is the annualised standard deviation of monthly returns. Worst fall is the largest drop from a peak in the last 5 years. N/A means the fund is too young for that period.
What a large and mid cap fund is
Large and mid cap funds invest at least 35% in large companies and at least 35% in mid-sized companies.
Source: SEBI categorisation of mutual fund schemes, 6 October 2017, as amended.
Investing from the UAE
NRIs living in the UAE can generally invest once KYC is complete, paying from an NRE or NRO bank account. Some fund houses do not accept residents of the United States or Canada, or accept them only offline. The UAE does not levy personal income tax, and the India UAE tax treaty may affect how gains are treated, so confirm your own position with a tax adviser.
Questions
How are these large and mid cap funds ordered?
By 5-year annualised return, highest first. Funds younger than 5 years follow, ordered by 3-year return and then 1-year return. Every figure is worked out from each fund's own Direct Growth NAV, the same way for every fund. We do not label any fund as the best.
Can NRIs living in the UAE invest in large and mid cap funds?
Generally yes, once KYC is complete, paying from an NRE or NRO bank account. Some fund houses do not accept investments from residents of the United States or Canada, or accept them only offline, so check the fund house's current policy if that applies to you.
How are gains taxed for NRIs?
For equity funds, India taxes gains on units held for 12 months or less at 20%, and gains on units held longer at 12.5% on the amount above ₹1.25 lakh in a financial year, plus cess and any surcharge. For NRIs the fund house deducts this tax when you redeem. The outcome depends on your tax residence and facts, so confirm your position with a tax adviser.
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