EquityLarge & Mid Cap FundRegularGrowthVery High

Choice Large & Mid Cap Fund

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

As of 09 Nov 2026, the NAV of Choice Large & Mid Cap Fund is ₹10.07 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

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

Choice Large & Mid Cap Fund has returned +0.51% 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 Choice Large & Mid Cap Fund?

Choice Large & Mid Cap Fund charges an expense ratio of 2.58% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

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

Choice Large & Mid Cap Fund sits at the very high level on our estimate of SEBI's risk-o-meter scale and its worst peak-to-trough fall in our sample was 0.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: Who manages Choice Large & Mid Cap Fund?

Choice Large & Mid Cap Fund is managed by Rochan Pattnayak at Choice.

Q: When was Choice Large & Mid Cap Fund launched, and what is its objective?

Choice Large & Mid Cap Fund was launched on 05 Nov 2026. its stated objective is: The objective of the scheme is to generate long-term capital appreciation through a portfolio predominantly invested in equity and equity related instruments of large cap and mid cap companies. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. Both are as filed in the scheme's own Scheme Summary Document.

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

Choice 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.

Choice Mutual Fund · Best Large & Mid Cap Mutual Funds

NAV

₹10.07

+0.51% 1D

as of 09 Nov 2026

This is the Regular plan of Choice 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

+0.51%absolute

52-week rangePrev NAV ₹10.02

Latest ₹10.07

Low ₹10.02100th percentile of its 52-week rangeHigh ₹10.07

Scorecard

Not rated

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. Not rated — this fund has no full year of NAV history yet. A rating needs at least a 1-year return to rank its performance against peers.

Performance—

No 3-year record to rank on yet

Risk—

Volatility not available yet

CostAverage

2.6% expense vs 2.4% category avg

Consistency—

Not enough history for a rolling 3Y view

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.58%

Direct 0.89% · Regular 2.58%

Category 2.38%▲0.20%

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

—

Category —

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

—

Category 0.45

Scheme Info

Definitions

Plan

Regular · Growth

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

None

Where units are redeemed / switched out before 365 days from the date of allotment: 1%,Where units are redeemed / switched-out after 365 days from the date of allotment — no exit load is payable, No load shall be levied on switches between plans/options and sub-options of the Scheme.

Up to 1.00%

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

₹1,000

Benchmark

—

The scheme's allotment date, as filed in its Scheme Summary Document. This plan's NAV history may begin later — Direct plans only exist from 1 Jan 2013.

05 Nov 2026

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

Definitions

Absolute return over the last 1 month (not annualized)

—

Absolute return over the last 3 months (not annualized)

—

Absolute return over the last 6 months (not annualized)

—

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

—

Annualized returns (≥1Y — CAGR)

Definitions

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

—

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.

+0.51%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

—

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

0.00%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

—

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

—

How much of the fund's movement Nifty 500 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 500 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; price means no free daily yield exists for that index, so the fund's alpha includes roughly the index's dividend yield. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

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

₹10.00K

Current value

₹10.00K

Absolute

0.00%

XIRR

+450.01%

Value vs. invested

ValueInvested

Pick a longer period to plot the path.

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

History points

Expense ratio

2.58%

Exit load

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


Choice Large & Mid Cap FundThis fund Choice · Regular · Growth	—	—	—	—	—	—	—
Invesco India Large & Mid Cap Fund Invesco · Regular · Growth	★★★★☆	+9.92%	+21.43%	+15.73%	—	1.87%	₹12,010Cr
Motilal Oswal Large and Midcap Fund Motilal Oswal · Regular · Growth	★★★★★	+7.24%	+19.72%	+16.28%	—	1.81%	₹19,326Cr
HSBC Large & Mid Cap Fund HSBC · Regular · Growth	★★★☆☆	+10.82%	+17.09%	+12.60%	—	2.43%	₹5,668Cr
Bandhan Large & Mid Cap Fund Bandhan · Regular · Growth	★★★★☆	+1.86%	+16.45%	+14.30%	—	2.27%	₹20,292Cr
UTI Large & Mid Cap Fund UTI · Regular · Growth	★★★☆☆	+1.88%	+14.56%	+12.14%	—	1.96%	₹6,413Cr

AMC Profile

Choice Mutual Fund is the asset management arm of Choice International, a listed financial services group with broking, distribution and advisory businesses. It is one of the industry's newer entrants.

Launched

31 Jul 2025

Total AUM

₹261.19Cr+216.4% QoQ

Avg AUM · July - September 2026

Website

choicemf.com

Fund Managers

RPRochan PattnayakStart date not disclosed

Funds managed (1)

Choice Gold ETF

All schemes Rochan Pattnayak runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. 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.

Choice 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 Choice Large & Mid Cap Fund?

As of 09 Nov 2026, the NAV of Choice Large & Mid Cap Fund is ₹10.07 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Choice Large & Mid Cap Fund delivered?

Choice Large & Mid Cap Fund has returned +0.51% 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 Choice Large & Mid Cap Fund?

Choice Large & Mid Cap Fund charges an expense ratio of 2.58% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

How risky is Choice Large & Mid Cap Fund?

Choice Large & Mid Cap Fund sits at the very high level on our estimate of SEBI's risk-o-meter scale and its worst peak-to-trough fall in our sample was 0.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Who manages Choice Large & Mid Cap Fund?

Choice Large & Mid Cap Fund is managed by Rochan Pattnayak at Choice.

When was Choice Large & Mid Cap Fund launched, and what is its objective?

Choice Large & Mid Cap Fund was launched on 05 Nov 2026. its stated objective is: The objective of the scheme is to generate long-term capital appreciation through a portfolio predominantly invested in equity and equity related instruments of large cap and mid cap companies. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. Both are as filed in the scheme's own Scheme Summary Document.

How is Choice Large & Mid Cap Fund taxed?

Choice 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.