EquityLarge & Mid Cap FundRegularGrowthVery High

Aditya Birla Sun Life Large & Mid Cap Fund

Q: What is the NAV of Aditya Birla Sun Life Large & Mid Cap Fund?

As of 01 Oct 2026, the NAV of Aditya Birla Sun Life Large & Mid Cap Fund is ₹904.74 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Aditya Birla Sun Life Large & Mid Cap Fund delivered?

Aditya Birla Sun Life Large & Mid Cap Fund has returned +1.27% over 1 year, +9.15% per year over 3 years, +5.98% per year over 5 years and +10.51% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Aditya Birla Sun Life Large & Mid Cap Fund?

Aditya Birla Sun Life Large & Mid Cap Fund charges an expense ratio of 2.01% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Aditya Birla Sun Life Large & Mid Cap Fund?

Aditya Birla Sun Life Large & Mid Cap Fund's largest holdings are ICICI Bank Ltd. (4.0%), AU Small Finance Bank Ltd. (3.5%), APL Apollo Tubes Ltd. (2.8%), Navin Fluorine International Ltd. (2.6%) and JK Cement Ltd. (2.6%). Holdings are disclosed monthly and change over time.

Q: How risky is Aditya Birla Sun Life Large & Mid Cap Fund?

Aditya Birla Sun Life Large & Mid Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 15.4% and its worst peak-to-trough fall in our sample was -67.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.17 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Aditya Birla Sun Life Large & Mid Cap Fund's 0.17 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Aditya Birla Sun Life Large & Mid Cap Fund?

Aditya Birla Sun Life Large & Mid Cap Fund is benchmarked against the Nifty Large Midcap 250 TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages Aditya Birla Sun Life Large & Mid Cap Fund?

Aditya Birla Sun Life Large & Mid Cap Fund is managed by Vishal Gajwani at Aditya Birla Sun Life.

Q: How is Aditya Birla Sun Life Large & Mid Cap Fund taxed?

Aditya Birla Sun Life Large & Mid Cap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Aditya Birla Sun Life Mutual Fund · Best Large & Mid Cap Mutual Funds

NAV

₹904.74

-1.09% 1D

as of 01 Oct 2026

This is the Regular plan of Aditya Birla Sun Life Large & Mid Cap Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

+1.78%CAGR

52-week rangePrev NAV ₹914.75

Latest ₹904.74

Low ₹811.2956th percentile of its 52-week rangeHigh ₹977.90

Scorecard

★☆☆☆☆1/5 vs 27 of 35 Large & Mid Cap Fund peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Large & Mid Cap Fund (same plan and option). 27 of the 35 Large & Mid Cap Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceBelow avg

3Y CAGR +9.15% · ranks 22 of 26 Large & Mid Cap Funds

RiskModerate

Volatility 15.4% vs 14.6% category avg

CostLow

2.0% expense vs 2.4% category avg

ConsistencyHigh

90% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Ahead of the Large & Mid Cap Fund average on 3M/6M/1Y — 1Y by 2.08pp
Low expense ratio (2.01%) vs the Large & Mid Cap Fund average of 2.39%
Consistent — positive in 90% of rolling 3-year windows

Concerns

3-year return (+9.15%) trails the Large & Mid Cap Fund average (+11.42%)
5-year return (+5.98%) trails the Large & Mid Cap Fund average (+10.85%)
Weaker risk-adjusted returns — Sharpe 0.17 below the Large & Mid Cap Fund average of 0.32

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.01%

Category 2.39%▼0.38%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

32.62

Category —

Excess return per unit of total volatility (rf = 6.5%)

0.17

Category 0.32▼0.15

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

For redemption /switch-out of units on or before 90 days from the date of allotment: 1.00% of applicable NAV. For redemption / switch-out of units after 90 days from the date of allotment: Nil.

Up to 1.00%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹1,000

Nifty Large Midcap 250 TRI

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

03 Apr 2006

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-6.40%

Absolute return over the last 3 months (not annualized)

-2.44%

Absolute return over the last 6 months (not annualized)

+9.37%

Absolute return since 1 Jan of this year (not annualized)

-1.11%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+1.27%

3-year annualized return (CAGR)

+9.15%

5-year annualized return (CAGR)

+5.98%

10-year annualized return (CAGR)

+9.86%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+10.51%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

15.35%

Excess return per unit of total volatility (rf = 6.5%)

0.17

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.23

Largest peak-to-trough decline over full history

-67.24%

Benchmark ratios (vs Nifty Midcap 150 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty Midcap 150 TRI

-3.13%

Sensitivity to Nifty Midcap 150 TRI moves; 1 = moves with the index

0.87

How much of the fund's movement Nifty Midcap 150 TRI explains

94.4%

Excess return per unit of beta (market risk)

3.55

Active return over the benchmark per unit of tracking error

-0.94

Annualized std dev of fund-minus-benchmark returns

4.65%

Fund's share of benchmark gains in up months (100 = matches index)

81.5%

Fund's share of benchmark losses in down months (lower is better)

90.0%

Computed vs the Nifty Midcap 150 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Large & Mid Cap Fund)

Period	Fund	Category avg.	Diff
1M abs	-6.40%	-5.98%	-0.42%
3M abs	-2.44%	-3.91%	+1.47%
6M abs	+9.37%	+8.34%	+1.03%
1Y CAGR	+1.27%	-0.81%	+2.08%
3Y CAGR	+9.15%	+11.42%	-2.27%
5Y CAGR	+5.98%	+10.85%	-4.87%

Category average across peers in Large & Mid Cap Fund (up to 35 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 35 peers in Large & Mid Cap Fund

1Y return

+1.27%

Beats 75% · rank #9

3Y return

+9.15%

Beats 16% · rank #22

5Y return

+5.98%

Beats 0% · rank #26

Sharpe

0.17

Beats 12% · rank #23

Sortino

0.23

Beats 12% · rank #23

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.26L

Absolute

+20.98%

XIRR

+7.79%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Aditya Birla Sun Life Large & Mid Cap Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty Midcap 150 TRI	Diff
2026part	-1.11%	-1.81%	+0.70%
2025	+3.53%	+6.24%	-2.71%
2024	+15.58%	+24.74%	-9.16%
2023	+26.93%	+45.27%	-18.34%
2022	-12.98%	+4.09%	-17.07%
2021	+38.27%	+48.31%	-10.04%
2020	+18.30%	+26.10%	-7.80%
2019	+8.91%	—	—
2018	-13.72%	—	—
2017	+41.85%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

5,047

Expense ratio

2.01%

AUM

₹5,633Cr

Portfolio turnover

48%

Exit load

For redemption /switch-out of units on or before 90 days from the date of allotment: 1.00% of applicable NAV. For redemption / switch-out of units after 90 days from the date of allotment: Nil.

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

32.6

P/B ratio

6.1

Avg market cap

₹1,77,201Cr

P/E & P/B are portfolio-weighted harmonic means across 67 of 78 equity holdings (87% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Large & Mid Cap Fund

Compare all


Aditya Birla Sun Life Large & Mid Cap FundThis fund Aditya Birla Sun Life · Regular · Growth	★☆☆☆☆	+1.27%	+9.15%	+5.98%	—	2.01%	—
Invesco India Large & Mid Cap Fund Invesco · Regular · Growth	★★★★★	+4.75%	+19.76%	+14.91%	—	1.87%	—
Motilal Oswal Large and Midcap Fund Motilal Oswal · Regular · Growth	★★★★★	+4.53%	+19.09%	+16.69%	—	1.79%	₹17,050Cr
HSBC Large & Mid Cap Fund HSBC · Regular · Growth	★★★★☆	+6.13%	+14.98%	+12.35%	—	2.43%	—
Bandhan Large & Mid Cap Fund Bandhan · Regular · Growth	★★★★☆	+0.40%	+14.92%	+14.57%	—	2.27%	—
Axis Large & Mid Cap Fund Axis · Regular · Growth	★★★★★	+2.49%	+12.72%	+10.08%	—	1.87%	—

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap40.1%
Mid cap44.7%
Small cap15.3%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity97.79%
Cash & Equivalents2.19%
Debt0.02%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Union Large & Midcap Fund Union · Large & Mid Cap Fund	39.3%	★★★☆☆	1.31%	+11.90%
JM Large & Mid Cap Fund JM Financial · Large & Mid Cap Fund	36.2%	★★★★☆	1.04%	—
Invesco India Flexi Cap Fund Invesco · Flexi Cap Fund	36.1%	★★★★☆	0.88%	+16.11%
Aditya Birla Sun Life Aggressive Hybrid Fund Aditya Birla Sun Life · Aggressive Hybrid Fund	35.9% of 77% equity	★★☆☆☆	1.16%	+8.79%
Nippon India Flexi Cap Fund Nippon India · Flexi Cap Fund	35.5%	★★☆☆☆	0.65%	+8.81%
Invesco India Multi Cap Fund Invesco · Multi Cap Fund	35.4%	★★☆☆☆	0.93%	+11.70%
Canara Robeco Flexi Cap Fund Canara Robeco · Flexi Cap Fund	35.3%	★★★☆☆	0.69%	+10.26%
Mahindra Manulife Innovation Opportunities Fund Mahindra Manulife · Sectoral/ Thematic	35.0%	—	0.98%	—

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

1 holding — 0.75% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

PB Fintech LimitedShort-term · Stage I0.75%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-67.2%04 Jan 2008 → 09 Mar 2009
Fell over 14 months, back to the old high on 13 May 2014 — 5.2 years under water after the low.
-39.6%08 Jan 2018 → 23 Mar 2020
Fell over 2.2 years, back to the old high on 17 Nov 2020 — 8 months under water after the low.
-30.0%10 May 2006 → 14 Jun 2006
Fell over 35 days, back to the old high on 02 Nov 2006 — 5 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

AMC Profile

Aditya Birla Sun Life Mutual Fund is run by Aditya Birla Sun Life AMC, a joint venture between the Aditya Birla Group and Sun Life Financial of Canada. In business since 1994 and listed on the exchanges since 2021, it is among India's larger houses across equity, debt and hybrid.

Launched

22 Dec 1994

Total AUM

₹4,41,787Cr+3.3% QoQ

Avg AUM · July - September 2026

Website

mutualfund.adityabirlacapital.com

Fund Managers

VGVishal GajwaniManaging since 31 Oct 2024

Education

Chartered Accountant, US- CFA

Experience

He has over 19 years of experience in Equity Research and Portfolio 2024 Management. He joined Aditya Birla Sun Life AMC Limited (“ABSLAMC”) in March 2013 as a Portfolio Manager. Prior to joining ABSLAMC, he worked as a Research Analyst and Assistant Portfolio Manager with Nippon Life India Asset Management Limited.

Funds managed (1)

Aditya Birla Sun Life Midcap Fund

All schemes Vishal Gajwani runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Vishal Gajwani

Top holdings

ICICI Bank Ltd.AU Small Finance Bank Ltd.APL Apollo Tubes Ltd.Navin Fluorine International Ltd.JK Cement Ltd.Samvardhana Motherson International Ltd.KEI Industries Ltd.Max Financial Services Ltd.UNO Minda Ltd.Astral Ltd.Ajanta Pharma Ltd.Hindalco Industries Ltd.

Aditya Birla Sun Life in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Large & Mid Cap funds

Large & mid cap funds keep at least 35% each in large-cap and mid-cap stocks. They aim to blend the stability of big companies with the higher growth — and higher swings — of mid caps.

Frequently asked questions

What is the NAV of Aditya Birla Sun Life Large & Mid Cap Fund?

As of 01 Oct 2026, the NAV of Aditya Birla Sun Life Large & Mid Cap Fund is ₹904.74 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Aditya Birla Sun Life Large & Mid Cap Fund delivered?

Aditya Birla Sun Life Large & Mid Cap Fund has returned +1.27% over 1 year, +9.15% per year over 3 years, +5.98% per year over 5 years and +10.51% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Aditya Birla Sun Life Large & Mid Cap Fund?

Aditya Birla Sun Life Large & Mid Cap Fund charges an expense ratio of 2.01% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Aditya Birla Sun Life Large & Mid Cap Fund?

Aditya Birla Sun Life Large & Mid Cap Fund's largest holdings are ICICI Bank Ltd. (4.0%), AU Small Finance Bank Ltd. (3.5%), APL Apollo Tubes Ltd. (2.8%), Navin Fluorine International Ltd. (2.6%) and JK Cement Ltd. (2.6%). Holdings are disclosed monthly and change over time.

How risky is Aditya Birla Sun Life Large & Mid Cap Fund?

Aditya Birla Sun Life Large & Mid Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 15.4% and its worst peak-to-trough fall in our sample was -67.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.17 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Aditya Birla Sun Life Large & Mid Cap Fund's 0.17 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Aditya Birla Sun Life Large & Mid Cap Fund?

Aditya Birla Sun Life Large & Mid Cap Fund is benchmarked against the Nifty Large Midcap 250 TRI. Its alpha and beta on this page are measured against that index.

Who manages Aditya Birla Sun Life Large & Mid Cap Fund?

Aditya Birla Sun Life Large & Mid Cap Fund is managed by Vishal Gajwani at Aditya Birla Sun Life.

How is Aditya Birla Sun Life Large & Mid Cap Fund taxed?

Aditya Birla Sun Life Large & Mid Cap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.