EquityLarge & Mid Cap FundRegularGrowthVery High

SBI Large & Midcap Fund

Q: What is the NAV of SBI Large & Midcap Fund?

As of 01 Oct 2026, the NAV of SBI Large & Midcap Fund is ₹610.36 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has SBI Large & Midcap Fund delivered?

SBI Large & Midcap Fund has returned -1.49% over 1 year, +10.34% per year over 3 years, +11.42% per year over 5 years and +13.26% 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 SBI Large & Midcap Fund?

SBI Large & Midcap Fund charges an expense ratio of 1.65% 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 SBI Large & Midcap Fund?

SBI Large & Midcap Fund's largest holdings are HDFC Bank Ltd. (6.4%), ICICI Bank Ltd. (4.0%), Axis Bank Ltd. (3.4%), State Bank of India (2.9%) and Balkrishna Industries Ltd. (2.5%). Holdings are disclosed monthly and change over time.

Q: How risky is SBI Large & Midcap Fund?

SBI Large & Midcap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 12.8% and its worst peak-to-trough fall in our sample was -61.0%. 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 0.30 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. SBI Large & Midcap Fund's 0.30 means it has rewarded its volatility with excess return. Higher is better.

Q: Who manages SBI Large & Midcap Fund?

SBI Large & Midcap Fund is managed by Saurabh Pant at SBI.

Q: How is SBI Large & Midcap Fund taxed?

SBI Large & Midcap 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.

SBI Mutual Fund · Best Large & Mid Cap Mutual Funds

NAV

₹610.36

-0.75% 1D

as of 01 Oct 2026

This is the Regular plan of SBI Large & Midcap 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.

Compare SIP calculator

Performance

-0.65%CAGR

52-week rangePrev NAV ₹615.00

Latest ₹610.36

Low ₹578.8435th percentile of its 52-week rangeHigh ₹668.52

Scorecard

★★★★☆4/5 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 +10.34% · ranks 19 of 26 Large & Mid Cap Funds

RiskLow

Volatility 12.8% vs 14.7% category avg

CostLow

1.6% expense vs 2.4% category avg

ConsistencyHigh

96% 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

5-year return (+11.42%) beats the Large & Mid Cap Fund average (+10.34%)
Less volatile than its Large & Mid Cap Fund peers (12.8% vs 14.7%)
Low expense ratio (1.65%) vs the Large & Mid Cap Fund average of 2.40%
Consistent — positive in 96% of rolling 3-year windows

Concerns

Trails the Large & Mid Cap Fund average on 3M/6M/1Y — 1Y by 0.72pp
3-year return (+10.34%) trails the Large & Mid Cap Fund average (+11.84%)
Weaker risk-adjusted returns — Sharpe 0.30 below the Large & Mid Cap Fund average of 0.34

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.65%

Category 2.40%▼0.75%

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

24.83

Category —

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

0.30

Category 0.34▼0.04

Scheme Info

Definitions

Plan

Regular · Growth

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

None

Exit Load

—

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

0.005%

SIP Inv.

—

Smallest recurring SIP instalment the scheme accepts

—

Smallest one-time (lumpsum) investment the scheme accepts

—

Benchmark

—

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)

-5.49%

Absolute return over the last 3 months (not annualized)

-5.93%

Absolute return over the last 6 months (not annualized)

+3.94%

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

-6.18%

Annualized returns (≥1Y — CAGR)

Definitions

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

-1.49%

3-year annualized return (CAGR)

+10.34%

5-year annualized return (CAGR)

+11.42%

10-year annualized return (CAGR)

+13.25%

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.

+13.26%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

12.83%

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

0.30

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

0.41

Largest peak-to-trough decline over full history

-60.96%

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

-1.27%

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

0.72

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

90.7%

Excess return per unit of beta (market risk)

5.77

Active return over the benchmark per unit of tracking error

-0.48

Annualized std dev of fund-minus-benchmark returns

6.78%

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

71.3%

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

68.2%

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	-5.49%	-5.28%	-0.21%
3M abs	-5.93%	-3.86%	-2.07%
6M abs	+3.94%	+9.12%	-5.18%
1Y CAGR	-1.49%	-0.77%	-0.72%
3Y CAGR	+10.34%	+11.84%	-1.50%
5Y CAGR	+11.42%	+10.34%	+1.08%

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

-1.49%

Beats 40.6% · rank #20

3Y return

+10.34%

Beats 28% · rank #19

5Y return

+11.42%

Beats 68% · rank #9

Sharpe

0.30

Beats 44% · rank #15

Sortino

0.41

Beats 48% · rank #14

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

₹7.54L

Absolute

+25.75%

XIRR

+9.39%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into SBI Large & Midcap 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	-6.18%	-1.81%	-4.37%
2025	+10.08%	+6.24%	+3.84%
2024	+18.04%	+24.74%	-6.70%
2023	+26.79%	+45.27%	-18.48%
2022	+7.27%	+4.09%	+3.18%
2021	+39.35%	+48.31%	-8.96%
2020	+15.76%	+26.10%	-10.34%
2019	+6.82%	—	—
2018	-5.25%	—	—
2017	+40.46%	—	—

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

5,035

Expense ratio

1.65%

AUM

₹37,438Cr

Portfolio turnover

57%

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

P/E ratio

24.8

P/B ratio

4.8

Avg market cap

₹2,34,264Cr

P/E & P/B are portfolio-weighted harmonic means across 67 of 85 equity holdings (85% 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


SBI Large & Midcap FundThis fund SBI · Regular · Growth	★★★★☆	-1.49%	+10.34%	+11.42%	—	1.65%	—
Invesco India Large & Mid Cap Fund Invesco · Regular · Growth	★★★★★	+4.94%	+20.02%	+14.50%	—	1.87%	—
Motilal Oswal Large and Midcap Fund Motilal Oswal · Regular · Growth	★★★★★	+4.59%	+19.81%	+16.75%	—	1.79%	₹17,050Cr
HSBC Large & Mid Cap Fund HSBC · Regular · Growth	★★★★☆	+6.48%	+15.55%	+12.16%	—	2.43%	—
Bandhan Large & Mid Cap Fund Bandhan · Regular · Growth	★★★★☆	+0.23%	+15.33%	+14.23%	—	2.27%	—
Quant Large & Mid Cap Fund quant · Regular · Growth	★★★☆☆	+6.67%	+13.15%	+12.90%	—	2.43%	—

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 99% of the equity sleeve priced.

Large cap41.5%
Mid cap39.3%
Small cap19.2%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity98.70%
Cash & Equivalents0.75%
Debt0.55%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
SBI ELSS Tax Saver Fund SBI · ELSS	37.7%	★★★★☆	1.25%	+12.53%
SBI Large Cap Fund SBI · Large Cap Fund	36.7%	★★★★☆	0.90%	+8.21%
Nippon India Multi Cap Fund Nippon India · Multi Cap Fund	34.1%	★★☆☆☆	0.88%	+12.00%
ICICI Prudential Multi Asset Allocation Fund ICICI Prudential · Multi Asset Allocation	33.7% of 69% equity	★★★☆☆	0.85%	+13.14%
SBI Retirement Benefit Fund - Conservative Hybrid SBI · Retirement Fund	32.0% of 39% equity	★★☆☆☆	1.27%	+6.63%
SBI Retirement Benefit Fund - Aggressive Hybrid SBI · Retirement Fund	31.4% of 79% equity	★★★★☆	1.18%	+8.82%
SBI Retirement Benefit Fund - Conservative SBI · Retirement Fund	31.3% of 20% equity	★★☆☆☆	0.98%	+6.41%
SBI Retirement Benefit Fund - Aggressive SBI · Retirement Fund	31.2%	★★★☆☆	1.13%	+7.93%

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.

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.

-61.0%04 Jan 2008 → 02 Dec 2008
Fell over 11 months, back to the old high on 05 Oct 2010 — 1.8 years under water after the low.
-36.5%20 Feb 2020 → 23 Mar 2020
Fell over 32 days, back to the old high on 24 Nov 2020 — 8 months under water after the low.
-33.1%09 May 2006 → 14 Jun 2006
Fell over 36 days, back to the old high on 13 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

SBI Mutual Fund is a joint venture between the State Bank of India and Amundi of France, and was set up in 1987 as the first fund house in India outside UTI. It is the largest by assets, helped by managing a share of the EPFO's ETF investments.

Launched

28 Jun 1987

Total AUM

₹12,57,352Cr+0.7% QoQ

Avg AUM · April - June 2026

Website

sbimf.com

Fund Managers

SPSaurabh PantManaging since 09 Sep 2016

Role

Fund Manager

Education

B.Com, MBE, C.F.A(USA) Level III candidate

Experience

Mr. Saurabh has over 15 years experience in Indian capital markets in the capacity of research analyst. He joined SBI Funds Management Ltd in May 2007 as Research Analyst. He is currently managing SBI Large & Midcap Fund, SBI Multicap Fund, SBI Large Cap Fund, and SBI Conservative Hybrid Fund (equity portion).

Funds managed (3)

All schemes Saurabh Pant runs →

Fund manager, benchmark and dealing terms from 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

Saurabh Pant

Top holdings

HDFC Bank Ltd.ICICI Bank Ltd.Axis Bank Ltd.State Bank of India Balkrishna Industries Ltd.Asian Paints Ltd.Tata Motors Ltd.Berger Paints India Ltd.Bharat Forge Ltd.Ashok Leyland Ltd.Adani Enterprises Ltd.Biocon Ltd.

SBI 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.

Run SIP calculator Add to compare

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 SBI Large & Midcap Fund?

As of 01 Oct 2026, the NAV of SBI Large & Midcap Fund is ₹610.36 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has SBI Large & Midcap Fund delivered?

SBI Large & Midcap Fund has returned -1.49% over 1 year, +10.34% per year over 3 years, +11.42% per year over 5 years and +13.26% 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 SBI Large & Midcap Fund?

SBI Large & Midcap Fund charges an expense ratio of 1.65% 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 SBI Large & Midcap Fund?

SBI Large & Midcap Fund's largest holdings are HDFC Bank Ltd. (6.4%), ICICI Bank Ltd. (4.0%), Axis Bank Ltd. (3.4%), State Bank of India (2.9%) and Balkrishna Industries Ltd. (2.5%). Holdings are disclosed monthly and change over time.

How risky is SBI Large & Midcap Fund?

SBI Large & Midcap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 12.8% and its worst peak-to-trough fall in our sample was -61.0%. 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 0.30 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. SBI Large & Midcap Fund's 0.30 means it has rewarded its volatility with excess return. Higher is better.

Who manages SBI Large & Midcap Fund?

SBI Large & Midcap Fund is managed by Saurabh Pant at SBI.

How is SBI Large & Midcap Fund taxed?

SBI Large & Midcap 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.