EquityLarge & Mid Cap FundDirectGrowthVery High

ITI Large & Mid Cap Fund

Q: What is the NAV of ITI Large & Mid Cap Fund?

As of 20 Aug 2026, the NAV of ITI Large & Mid Cap Fund is ₹10.35 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has ITI Large & Mid Cap Fund delivered?

ITI Large & Mid Cap Fund has returned +5.95% over 1 year and +1.40% 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 ITI Large & Mid Cap Fund?

ITI Large & Mid Cap Fund charges an expense ratio of 1.06% 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 ITI Large & Mid Cap Fund?

Its largest holdings are Indusind Bank Ltd (2.5%), Bharti Hexacom Ltd. (2.5%), ICICI Bank Ltd (2.2%), Larsen & Toubro Ltd (2.0%) and State Bank of India (1.8%). Holdings are disclosed monthly and change over time.

Q: How risky is ITI Large & Mid Cap Fund?

It is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 17.4% and its worst peak-to-trough fall in our sample was -20.2%. 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 -0.03 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ITI Large & Mid Cap Fund's -0.03 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of ITI Large & Mid Cap Fund?

ITI Large & Mid Cap Fund is benchmarked against the NIFTY Large Midcap 250 Total Return Index. Its alpha and beta on this page are measured against that index.

Q: Who manages ITI Large & Mid Cap Fund?

ITI Large & Mid Cap Fund is managed by Alok Ranjan and Nilay Dalal at ITI.

Q: How is ITI Large & Mid Cap Fund taxed?

ITI 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.

ITI Mutual Fund · Best Large & Mid Cap Mutual Funds

NAV

₹10.35

+0.71% 1D

as of 20 Aug 2026

Compare SIP calculator

Performance

+6.12%CAGR

52-week rangePrev NAV ₹10.28

Latest ₹10.35

Low ₹8.4099th percentile of its 52-week rangeHigh ₹10.36

Scorecard

★★☆☆☆2/5 vs 35 Large & Mid Cap Fund peers1Y

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). Based on a 1-year record — this fund is too young for a 3-year CAGR, so its performance is ranked on 1Y against the same peers.

Performance—

Not enough Large & Mid Cap Fund peers to rank yet

RiskHigh

Volatility 17.4% vs 14.7% category avg

CostLow

1.1% expense vs 1.3% category avg

Consistency—

Not enough history for a rolling 3Y view

Strengths & concerns

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

Strengths

Low expense ratio (1.06%) vs the Large & Mid Cap Fund average of 1.25%

Concerns

Weaker risk-adjusted returns — Sharpe -0.03 below the Large & Mid Cap Fund average of 0.51
More volatile than its Large & Mid Cap Fund peers (17.4% vs 14.7%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

Category 1.25%

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

Category 28.33

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

-0.03

Category 0.51▼0.54

Scheme Info

Definitions

Plan

Direct · Growth

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

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.

13 Sep 2024

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

Definitions

Absolute return over the last 1 month (not annualized)

+2.11%

Absolute return over the last 3 months (not annualized)

+7.63%

Absolute return over the last 6 months (not annualized)

+8.03%

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

+5.05%

Annualized returns (≥1Y — CAGR)

Definitions

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

+5.95%

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the fund's inception

+1.40%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

17.37%

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

-20.18%

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

Definitions

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

—

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

—

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

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

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

—

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

—

Computed vs the Nifty Midcap 150 price index — the closest match to this fund's mandate. 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	+2.11%	+2.08%	+0.03%
3M abs	+7.63%	+6.74%	+0.89%
6M abs	+8.03%	+5.16%	+2.87%
1Y CAGR	+5.95%	+6.14%	-0.19%
3Y CAGR	—	+16.65%	—
5Y CAGR	—	+15.05%	—

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

+5.95%

Beats 43.8% · rank #19

3Y return

—

5Y return

—

Sharpe

-0.03

Beats 9.4% · rank #30

Sortino

-0.04

Beats 9.4% · rank #30

Rolling returns

Return for every possible 1Y holding period, not just today’s

This fundNifty Midcap 150

Average

+2.3%

Median

+1.0%

Best

+9.7%

Worst

-1.4%

Positive periods

75.0%

12 overlapping 1Y windows, sampled monthly across the fund’s history.

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.

-20.2%11 Dec 2024 → 28 Feb 2025
Fell over 3 months, back to the old high on 03 Aug 2026 — 17 months under water after the low.
-8.1%24 Sep 2024 → 18 Nov 2024
Fell over 2 months, back to the old high on 06 Dec 2024 — 18 days 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.

Calendar-year returns

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

Year	Fund	Nifty Midcap 150	Diff
2026part	+5.23%	+4.99%	+0.24%
2025	+0.32%	+5.37%	-5.05%
2024part	-2.70%	—	—

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.

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

₹1.20L

Current value

₹1.27L

Absolute

+6.20%

XIRR

+13.82%

Value vs. invested

12 monthly installments of ₹10,000 into ITI Large & Mid Cap Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

History points

476

Expense ratio

AUM

Portfolio turnover

Exit load

P/E ratio

P/B ratio

Avg market cap

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


ITI Large & Mid Cap FundThis fund ITI	★★☆☆☆ 1Y	+5.95%	—	—	27.55	1.06%	₹740.26Cr
Invesco India Large & Mid Cap Fund Invesco	★★★★★	+8.24%	+24.84%	+19.03%	45.58	0.80%	₹11,746Cr
Motilal Oswal Large and Midcap Fund Motilal Oswal	★★★★☆	+12.11%	+24.23%	+20.17%	41.90	0.93%	₹17,050Cr
HSBC Large & Mid Cap Fund HSBC	★★★☆☆	+12.85%	+20.20%	+16.60%	31.38	1.45%	₹5,479Cr
Bandhan Large & Mid Cap Fund Bandhan	★★★★☆	+6.46%	+20.12%	+18.42%	19.88	1.24%	₹19,777Cr
ICICI Prudential Large & Mid Cap Fund ICICI Prudential	★★★★★	+6.71%	+18.24%	+18.78%	34.66	1.34%	₹7,954Cr

Market-cap allocation · AMFI bands, Jul 2026

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

Large cap41.2%
Mid cap38.9%
Small cap19.9%

ITI 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 ITI Large & Mid Cap Fund?

As of 20 Aug 2026, the NAV of ITI Large & Mid Cap Fund is ₹10.35 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has ITI Large & Mid Cap Fund delivered?

ITI Large & Mid Cap Fund has returned +5.95% over 1 year and +1.40% 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 ITI Large & Mid Cap Fund?

ITI Large & Mid Cap Fund charges an expense ratio of 1.06% 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 ITI Large & Mid Cap Fund?

Its largest holdings are Indusind Bank Ltd (2.5%), Bharti Hexacom Ltd. (2.5%), ICICI Bank Ltd (2.2%), Larsen & Toubro Ltd (2.0%) and State Bank of India (1.8%). Holdings are disclosed monthly and change over time.

How risky is ITI Large & Mid Cap Fund?

It is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 17.4% and its worst peak-to-trough fall in our sample was -20.2%. 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 -0.03 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ITI Large & Mid Cap Fund's -0.03 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of ITI Large & Mid Cap Fund?

ITI Large & Mid Cap Fund is benchmarked against the NIFTY Large Midcap 250 Total Return Index. Its alpha and beta on this page are measured against that index.

Who manages ITI Large & Mid Cap Fund?

ITI Large & Mid Cap Fund is managed by Alok Ranjan and Nilay Dalal at ITI.

How is ITI Large & Mid Cap Fund taxed?

ITI 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.