EquityLarge & Mid Cap FundRegularGrowthVery High

ITI Large & Mid Cap Fund

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

As of 05 Oct 2026, the NAV of ITI Large & Mid Cap Fund is ₹9.63 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 +0.84% over 1 year and -2.16% 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 2.65% 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 ITI Large & Mid Cap Fund?

ITI Large & Mid Cap Fund's largest holdings are ICICI Bank Limited (2.4%), IndusInd Bank Limited (2.2%), Larsen & Toubro Limited (2.0%), TVS Motor Company Limited (2.0%) and Divi's Laboratories Limited (1.9%). Holdings are disclosed monthly and change over time.

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

ITI Large & Mid Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 17.1% and its worst peak-to-trough fall in our sample was -20.5%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

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

ITI Large & Mid Cap Fund is benchmarked against the NIFTY LARGE - MIDCAP 250 Index (TRI). 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

₹9.63

+0.15% 1D

as of 05 Oct 2026

This is the Regular plan of ITI 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

+0.24%absolute

52-week rangePrev NAV ₹9.62

Latest ₹9.63

Low ₹8.1870th percentile of its 52-week rangeHigh ₹10.27

Scorecard

★★★☆☆3/5 vs 34 of 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. 34 of the 35 Large & Mid Cap Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

Performance—

Not enough Large & Mid Cap Fund peers to rank yet

RiskHigh

Volatility 17.1% vs 14.6% category avg

CostHigh

2.6% expense vs 2.4% 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

Ahead of the Large & Mid Cap Fund average on 1M/3M/6M/1Y — 1Y by 1.68pp

Concerns

More volatile than its Large & Mid Cap Fund peers (17.1% vs 14.6%)
High expense ratio (2.65%) vs the Large & Mid Cap Fund average of 2.37%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.65%

Category 2.37%▲0.28%

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

25.79

Category —

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

—

Category 0.34

Scheme Info

Definitions

Plan

Regular · Growth

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

None

0.50% if redeemed or switched out on or before completion of 3 months from the date of allotment of units. Nil, if redeemed or switched out after completion of 3 months from the date of allotment of units.

Up to 0.50%

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

₹500

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

NIFTY LARGE - MIDCAP 250 Index (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.

13 Sep 2024

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

Definitions

Absolute return over the last 1 month (not annualized)

-4.66%

Absolute return over the last 3 months (not annualized)

-1.56%

Absolute return over the last 6 months (not annualized)

+15.02%

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

+0.13%

Annualized returns (≥1Y — CAGR)

Definitions

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

+0.84%

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

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.

-2.16%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

17.13%

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

—

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

—

Largest peak-to-trough decline over full history

-20.53%

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

—

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

—

How much of the fund's movement Nifty Midcap 150 TRI 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 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	-4.66%	-5.30%	+0.64%
3M abs	-1.56%	-3.99%	+2.43%
6M abs	+15.02%	+8.77%	+6.25%
1Y CAGR	+0.84%	-0.84%	+1.68%
3Y CAGR	—	+11.78%	—
5Y CAGR	—	+10.38%	—

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

+0.84%

Beats 71.9% · rank #10

3Y return

—

5Y return

—

Sharpe

—

Sortino

—

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

₹1.22L

Absolute

+1.49%

XIRR

+3.25%

Value vs. invested

ValueInvested

12 monthly installments of ₹10,000 into ITI 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	+0.13%	-1.81%	+1.94%
2025	-1.32%	+6.24%	-7.56%
2024part	-3.23%	—	—

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

507

Expense ratio

2.65%

AUM

₹725.85Cr

Portfolio turnover

120%

Exit load

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

P/E ratio

25.8

P/B ratio

4.6

Avg market cap

₹1,76,371Cr

P/E & P/B are portfolio-weighted harmonic means across 76 of 94 equity holdings (80% 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


ITI Large & Mid Cap FundThis fund ITI · Regular · Growth	★★★☆☆ 1Y	+0.84%	—	—	—	2.65%	—
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 cap37.4%
Mid cap37.0%
Small cap25.6%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity98.55%
Cash & Equivalents1.45%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
ITI Mid Cap Fund ITI · Mid Cap Fund	41.0%	★★★★☆	0.91%	+18.56%
Edelweiss Flexi Cap Fund Edelweiss · Flexi Cap Fund	39.9%	★★★★☆	0.77%	+13.36%
Groww Aggressive Hybrid Fund Groww · Aggressive Hybrid Fund	38.0% of 72% equity	★★☆☆☆	2.10%	+8.12%
ITI Large Cap Fund ITI · Large Cap Fund	38.0%	★★★☆☆	0.93%	+9.78%
Axis Multicap Fund Axis · Multi Cap Fund	36.5%	★★★★★	1.00%	+18.51%
Axis Large & Mid Cap Fund Axis · Large & Mid Cap Fund	36.4%	★★★★★	0.83%	+13.98%
Union Multicap Fund Union · Multi Cap Fund	35.8%	★★★☆☆	1.37%	+14.03%
Axis Value Fund Axis · Value Fund	35.8%	★★★★★	0.92%	+17.19%

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 — 2.21% 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.

ESDS Software Solution LimitedLong-term · Stage I1.24%
PB Fintech LimitedShort-term · Stage I0.97%

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.

-20.5%11 Dec 2024 → 31 Mar 2026
Still below that high — 16 months down, and no recovery yet.
-8.4%24 Sep 2024 → 18 Nov 2024
Fell over 2 months, back to the old high on 09 Dec 2024 — 21 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.

AMC Profile

ITI Mutual Fund is run by ITI Asset Management, part of the Investment Trust of India group. It launched its first schemes in 2019 and runs a mix of equity, hybrid and debt funds.

Launched

13 May 2018

Total AUM

₹11,302Cr+4.4% QoQ

Avg AUM · April - June 2026

Website

itiamc.com

Fund Managers

ARAlok RanjanManaging since 04 Nov 2024

Role

Co- Head Equity Manager

Education

B.Sc. (Hons.) Physics, MBA (Finance)

Experience

Mr. Alok joined ITI AMC in November 2024 and has over 25 years of work experience in fund management, portfolio management and equity research. Past experience:- Prior to joining ITI AMC, he was associated with ITI Alternate Funds Management Ltd as CEO from January 2024 to October 2024. Prior to ITI Alternate Funds Management Ltd he was associated with ITI AMC from September 2023 to December 2023 as Senior Fund Manager. Prior to ITI AMC he was associated with IDBI Asset Management Company Limited as CIO - Equity from August 2021 to September 2023 and his primary responsibility included fund management activities. Prior to that, he was associated with Shriram Asset Management Company Limited as Senior Fund Manager from July 2020 to January 2021. Prior to that he was associated with Way2Wealth Brokers Pvt. Ltd. as a Research Portfolio Manager from August 2007 to July 2020.

Funds managed (3)

All schemes Alok Ranjan runs →

NDNilay DalalManaging since 08 May 2026

Role

Equity Fund

Education

MBA (Finance)

Experience

Mr. Nilay Dalal joined ITI Asset Management Limited in April 2023 and has over 13 years of work experience in financial markets. Past Experience : December 2019 – April 2023 with Axis Asset Management Company as Equity Research Analyst. May 2011 – December 2019 with SBI Life Insurance as Equity Research Analyst

Funds managed (3)

All schemes Nilay Dalal 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

Alok Ranjan Nilay Dalal

Top holdings

ICICI Bank Limited IndusInd Bank Limited Larsen & Toubro Limited TVS Motor Company Limited Divi's Laboratories Limited State Bank of India LG Electronics India Ltd Sun Pharmaceutical Industries Limited Kotak Mahindra Bank Limited Axis Bank Limited IIFL Finance Limited Motilal Oswal Financial Services Limited

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.

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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 ITI Large & Mid Cap Fund?

As of 05 Oct 2026, the NAV of ITI Large & Mid Cap Fund is ₹9.63 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 +0.84% over 1 year and -2.16% 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 2.65% 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 ITI Large & Mid Cap Fund?

ITI Large & Mid Cap Fund's largest holdings are ICICI Bank Limited (2.4%), IndusInd Bank Limited (2.2%), Larsen & Toubro Limited (2.0%), TVS Motor Company Limited (2.0%) and Divi's Laboratories Limited (1.9%). Holdings are disclosed monthly and change over time.

How risky is ITI Large & Mid Cap Fund?

ITI Large & Mid Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 17.1% and its worst peak-to-trough fall in our sample was -20.5%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

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

ITI Large & Mid Cap Fund is benchmarked against the NIFTY LARGE - MIDCAP 250 Index (TRI). 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.