ICICI Prudential Large & Mid Cap Fund
ICICI Prudential Mutual Fund · Best Large & Mid Cap Mutual Funds
This is the Direct plan of ICICI Prudential Large & Mid Cap Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
Performance
Scorecard
★★★★★5/5 vs 26 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). 26 of the 35 Large & Mid Cap Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +13.88% · ranks 7 of 26 Large & Mid Cap Funds
Volatility 13.2% vs 14.7% category avg
1.2% expense vs 1.2% category avg
95% 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
- 3-year return (+13.88%) beats the Large & Mid Cap Fund average (+12.97%)
- 5-year return (+13.34%) beats the Large & Mid Cap Fund average (+11.57%)
- Stronger risk-adjusted returns — Sharpe 0.56 vs 0.42 Large & Mid Cap Fund average
- Less volatile than its Large & Mid Cap Fund peers (13.2% vs 14.7%)
- Consistent — positive in 95% of rolling 3-year windows
Concerns
- Trails the Large & Mid Cap Fund average on 1M/3M/6M/1Y — 1Y by 3.89pp
- Ranks #28 of 33 on 1-year return in its Large & Mid Cap Fund cohort
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (Large & Mid Cap Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -6.93% | -5.14% | -1.79% |
| 3M abs | -5.32% | -3.57% | -1.75% |
| 6M abs | +3.82% | +9.80% | -5.98% |
| 1Y CAGR | -3.37% | +0.52% | -3.89% |
| 3Y CAGR | +13.88% | +12.97% | +0.91% |
| 5Y CAGR | +13.34% | +11.57% | +1.77% |
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
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into ICICI Prudential 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 | -7.09% | -1.81% | -5.28% | |
| 2025 | +15.38% | +6.24% | +9.14% | |
| 2024 | +21.49% | +24.74% | -3.25% | |
| 2023 | +31.00% | +45.27% | -14.27% | |
| 2022 | +12.67% | +4.09% | +8.58% | |
| 2021 | +42.87% | +48.31% | -5.44% | |
| 2020 | +12.58% | +26.10% | -13.52% | |
| 2019 | +6.64% | — | — | |
| 2018 | -5.16% | — | — | |
| 2017 | +31.56% | — | — |
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.
Taxation
Taxed as equityThis 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.
Flat, on the whole gain
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.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Equity97.95%
- Cash & Equivalents2.02%
- Debt0.02%
AMC Profile
ICICI Prudential Mutual Fund is a joint venture between ICICI Bank and Prudential plc of the UK, in business since 1993. It is among India's largest houses by assets and runs one of the industry's widest scheme line-ups across equity, debt and hybrid.
Fund Managers
LKLalit KumarManaging since 15 Jun 2026
Senior Fund Manager – MF Equity
PGDM – Indian Institute of Management, Calcutta (2010), B.Tech in Electrical Engineering – Indian Institute of Technology, Kanpur (2006) and Chartered Financial Analyst (CFA) (Level II)
He joined ICICI Prudential Asset Management Company Limited in May 2017 as a Senior Manager and has over 15 years of work experience. Past Experience: ~ East Bridge Advisors Pvt. Ltd – Equity Research Analyst - July 2015 to April 2017. ~ Nomura Financial Advisory & Securities – Equity Research - June 2010 to July 2015. ~ Merrill Lynch – Intern - April 2009 to June 2009. ~ Cypress Semiconductors – Senior Design Engineer - August 2006 to May 2008.
GJGaurav JainManaging since 15 Jun 2026
Fund Manager MF Equity
Over 10 years
B.Com, – Chartered Accountant & Company Secretary
Mr. Gaurav Jain was appointed as the Senior Investment Analyst in the Investments Department of ICICI Prudential Asset Management Company Limited w.e.f. January 1, 2023. Past Experience: ~ ICICI Prudential Asset Management Co Ltd - Product Development & Strategy - July 2022 to December 2022 including assignments held during the last 10 years ~ ICICI Prudential Asset Management Co Ltd - Investment Analyst - November 2021 to July 2022 ~ ICICI Prudential Asset Management Co Ltd - Product Specialist - October 2018 to October 2021 ~ Nippon India Asset Management Co Ltd - Credit Analyst - September 2016 to September 2018 ~ Wipro Ltd - October 2015 To August 2016 - Business Finance Manager
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.
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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.
From the blog
Frequently asked questions
What is the NAV of ICICI Prudential Large & Mid Cap Fund?
As of 05 Oct 2026, the NAV of ICICI Prudential Large & Mid Cap Fund is ₹1,096.95 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has ICICI Prudential Large & Mid Cap Fund delivered?
ICICI Prudential Large & Mid Cap Fund has returned -3.37% over 1 year, +13.88% per year over 3 years, +13.34% per year over 5 years and +15.29% 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 ICICI Prudential Large & Mid Cap Fund?
ICICI Prudential Large & Mid Cap Fund charges an expense ratio of 1.24% 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 ICICI Prudential Large & Mid Cap Fund?
ICICI Prudential Large & Mid Cap Fund's largest holdings are SBI Cards & Payment Services Ltd. (5.1%), Interglobe Aviation Ltd. (3.8%), Bajaj Finserv Ltd. (3.1%), Sona Blw Precision Forgings Ltd. (3.1%) and Multi Commodity Exchange Of India Ltd. (3.0%). Holdings are disclosed monthly and change over time.
How risky is ICICI Prudential Large & Mid Cap Fund?
ICICI Prudential Large & Mid Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 13.2% and its worst peak-to-trough fall in our sample was -37.4%. 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 0.56 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Large & Mid Cap Fund's 0.56 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of ICICI Prudential Large & Mid Cap Fund?
ICICI Prudential Large & Mid Cap Fund is benchmarked against the Nifty LargeMidcap 250 TRI. Its alpha and beta on this page are measured against that index.
Who manages ICICI Prudential Large & Mid Cap Fund?
ICICI Prudential Large & Mid Cap Fund is managed by Lalit Kumar and Gaurav Jain at ICICI Prudential.
How is ICICI Prudential Large & Mid Cap Fund taxed?
ICICI Prudential 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.