EquityLarge & Mid Cap FundRegularGrowthVery High

Navi Large & Midcap Fund

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

As of 05 Oct 2026, the NAV of Navi Large & Midcap Fund is ₹34.67 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

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

Navi Large & Midcap Fund has returned -1.12% over 1 year, +6.98% per year over 3 years, +7.35% per year over 5 years and +12.17% 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 Navi Large & Midcap Fund?

Navi Large & Midcap Fund charges an expense ratio of 2.53% 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 Navi Large & Midcap Fund?

Navi Large & Midcap Fund's largest holdings are THE FEDERAL BANK LIMITED (3.3%), AXIS BANK LIMITED (3.1%), ASTRAL LIMITED (3.0%), HDFC BANK LIMITED (2.8%) and KOTAK MAHINDRA BANK LIMITED (2.7%). Holdings are disclosed monthly and change over time.

Q: How risky is Navi Large & Midcap Fund?

Navi Large & Midcap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.7% and its worst peak-to-trough fall in our sample was -38.6%. 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 0.03 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Navi Large & Midcap Fund's 0.03 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Navi Large & Midcap Fund?

Navi Large & Midcap Fund is benchmarked against the NIFTY Large Midcap 250 INDEX. Its alpha and beta on this page are measured against that index.

Q: Who manages Navi Large & Midcap Fund?

Navi Large & Midcap Fund is managed by Ashutosh Shirwaikar at Navi.

Q: How is Navi Large & Midcap Fund taxed?

Navi 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.

Navi Mutual Fund · Best Large & Mid Cap Mutual Funds

NAV

₹34.67

+0.52% 1D

as of 05 Oct 2026

This is the Regular plan of Navi 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

-1.66%absolute

52-week rangePrev NAV ₹34.49

Latest ₹34.67

Low ₹30.8459th percentile of its 52-week rangeHigh ₹37.31

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 +6.98% · ranks 25 of 26 Large & Mid Cap Funds

RiskModerate

Volatility 14.7% vs 14.6% category avg

CostAverage

2.5% expense vs 2.4% category avg

ConsistencyHigh

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

Consistent — positive in 95% of rolling 3-year windows

Concerns

3-year return (+6.98%) trails the Large & Mid Cap Fund average (+11.97%)
5-year return (+7.35%) trails the Large & Mid Cap Fund average (+10.50%)
Weaker risk-adjusted returns — Sharpe 0.03 below the Large & Mid Cap Fund average of 0.36

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.53%

Category 2.38%▲0.15%

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

20.29

Category —

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

0.03

Category 0.36▼0.33

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

None

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

₹100

NIFTY Large Midcap 250 INDEX

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.

08 Dec 2015

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

Definitions

Absolute return over the last 1 month (not annualized)

-5.94%

Absolute return over the last 3 months (not annualized)

-5.00%

Absolute return over the last 6 months (not annualized)

+9.67%

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

-3.40%

Annualized returns (≥1Y — CAGR)

Definitions

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

-1.12%

3-year annualized return (CAGR)

+6.98%

5-year annualized return (CAGR)

+7.35%

10-year annualized return (CAGR)

+10.78%

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.

+12.17%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

14.70%

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

0.03

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

0.04

Largest peak-to-trough decline over full history

-38.55%

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

-5.83%

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

0.91

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

93.5%

Excess return per unit of beta (market risk)

0.43

Active return over the benchmark per unit of tracking error

-1.48

Annualized std dev of fund-minus-benchmark returns

4.76%

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

81.4%

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

102.7%

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	-5.94%	-5.27%	-0.67%
3M abs	-5.00%	-3.89%	-1.11%
6M abs	+9.67%	+8.94%	+0.73%
1Y CAGR	-1.12%	-0.78%	-0.34%
3Y CAGR	+6.98%	+11.97%	-4.99%
5Y CAGR	+7.35%	+10.50%	-3.15%

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

-1.12%

Beats 46.9% · rank #18

3Y return

+6.98%

Beats 4% · rank #25

5Y return

+7.35%

Beats 8% · rank #24

Sharpe

0.03

Beats 4% · rank #25

Sortino

0.04

Beats 4% · rank #25

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

₹7.04L

Absolute

+17.29%

XIRR

+6.52%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Navi 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	-3.40%	-1.81%	-1.59%
2025	+1.34%	+6.24%	-4.90%
2024	+16.13%	+24.74%	-8.61%
2023	+23.48%	+45.27%	-21.79%
2022	+0.28%	+4.09%	-3.81%
2021	+44.08%	+48.31%	-4.23%
2020	+8.02%	+26.10%	-18.08%
2019	+9.11%	—	—
2018	-8.49%	—	—
2017	+38.90%	—	—

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

2,668

Expense ratio

2.53%

AUM

₹293.67Cr

Portfolio turnover

47%

Exit load

NIL

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

P/E ratio

20.3

P/B ratio

4.4

Avg market cap

₹2,33,802Cr

P/E & P/B are portfolio-weighted harmonic means across 74 of 80 equity holdings (89% 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


Navi Large & Midcap FundThis fund Navi · Regular · Growth	★☆☆☆☆	-1.12%	+6.98%	+7.35%	—	2.53%	—
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 cap39.7%
Mid cap41.3%
Small cap19.1%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity94.41%
Cash & Equivalents5.59%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Navi Flexi Cap Fund Navi · Flexi Cap Fund	61.8%	★★★☆☆	0.70%	+11.03%
Navi Aggressive Hybrid Fund Navi · Aggressive Hybrid Fund	54.5% of 73% equity	★★★★☆	0.69%	+12.10%
Canara Robeco Aggressive Hybrid Fund Canara Robeco · Aggressive Hybrid Fund	36.6% of 79% equity	★★★☆☆	0.69%	+10.09%
Zerodha Life Cycle Fund 2036 Zerodha · Life Cycle Fund with Maturity of 10 Years	36.4% of 67% equity	—	1.02%	—
Canara Robeco ELSS - Tax Saver Fund Canara Robeco · ELSS	36.0%	★★★☆☆	0.70%	+10.61%
Zerodha Nifty LargeMidcap250 Plus 8-13 Yr G-Sec 70:30 Index Fund Zerodha · Index Funds	35.4% of 70% equity	—	0.79%	—
Edelweiss Nifty LargeMidcap250 Plus 8-13yr G-Sec 70:30 Index Fund Edelweiss · Index Funds	35.4% of 70% equity	—	0.60%	—
ICICI Prudential Nifty LargeMidcap 250 Index Fund ICICI Prudential · Index Funds	35.3%	★★☆☆☆	0.33%	—

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)

2 holdings — 2.18% 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 I1.61%
Shanti Gold International LimitedShort-term · Stage I0.57%

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.

-38.5%07 Feb 2020 → 23 Mar 2020
Fell over 1 months, back to the old high on 07 Dec 2020 — 9 months under water after the low.
-19.5%23 Sep 2024 → 28 Feb 2025
Still below that high — 5 months down, and no recovery yet.
-18.9%10 Jan 2018 → 09 Oct 2018
Fell over 9 months, back to the old high on 14 Jan 2020 — 15 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

Navi Mutual Fund is run by Navi AMC, part of the Navi group founded by Sachin Bansal, which acquired Essel Mutual Fund in 2021 and rebranded it. Its line-up centres on low-cost index funds.

Launched

03 Dec 2009

Total AUM

₹9,453Cr+4.9% QoQ

Avg AUM · April - June 2026

Website

navi.com/mutual-fund

Fund Managers

ASAshutosh ShirwaikarManaging since 01 Aug 2023

Role

Fund Manager

Total experience

8 years

Education

MBA (Finance)- JBIMS, Mumbai University - B.E. in Mechanical Engineering (Mumbai University)

Experience

Prior to joining August 01, 2023 Navi Mutual Fund, Mr. Shirwaikar worked for more than 6 years at Quantum Advisors Ltd. During his tenure he has covered sectors like Auto, Chemicals, Pharma, Power, and Media. Mr. Shirwaikar has been associated with Navi AMC since June 2022.

Funds managed (17)

All schemes Ashutosh Shirwaikar 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

Ashutosh Shirwaikar

Top holdings

THE FEDERAL BANK LIMITED AXIS BANK LIMITED ASTRAL LIMITED HDFC BANK LIMITED KOTAK MAHINDRA BANK LIMITED SAMVARDHANA MOTHERSON INTERNATIONAL LTD UPL LIMITED ICICI BANK LIMITED BANK OF MAHARASHTRA APOLLO HOSPITALS ENTERPRISE LIMITED NIPPON LIFE INDIA ASSET MANAGEMENT LTD STATE BANK OF INDIA

Navi 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 Navi Large & Midcap Fund?

As of 05 Oct 2026, the NAV of Navi Large & Midcap Fund is ₹34.67 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Navi Large & Midcap Fund delivered?

Navi Large & Midcap Fund has returned -1.12% over 1 year, +6.98% per year over 3 years, +7.35% per year over 5 years and +12.17% 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 Navi Large & Midcap Fund?

Navi Large & Midcap Fund charges an expense ratio of 2.53% 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 Navi Large & Midcap Fund?

Navi Large & Midcap Fund's largest holdings are THE FEDERAL BANK LIMITED (3.3%), AXIS BANK LIMITED (3.1%), ASTRAL LIMITED (3.0%), HDFC BANK LIMITED (2.8%) and KOTAK MAHINDRA BANK LIMITED (2.7%). Holdings are disclosed monthly and change over time.

How risky is Navi Large & Midcap Fund?

Navi Large & Midcap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.7% and its worst peak-to-trough fall in our sample was -38.6%. 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 0.03 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Navi Large & Midcap Fund's 0.03 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Navi Large & Midcap Fund?

Navi Large & Midcap Fund is benchmarked against the NIFTY Large Midcap 250 INDEX. Its alpha and beta on this page are measured against that index.

Who manages Navi Large & Midcap Fund?

Navi Large & Midcap Fund is managed by Ashutosh Shirwaikar at Navi.

How is Navi Large & Midcap Fund taxed?

Navi 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.