Best Large & Mid Cap Mutual 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.
Top large & mid cap mutual funds by 3Y returns
20Direct plan, Growth option — ranked by 3-year CAGR. Open a fund for NAV history, rolling returns, risk metrics and peer rank.
As of 20 Aug 2026, Invesco India Large & Mid Cap Fund (Direct plan, Growth option) leads large & mid cap mutual funds on 3-year CAGR at +24.84%, followed by Motilal Oswal Large and Midcap Fund at +24.23% and HSBC Large & Mid Cap Fund at +20.20%. Across 36 large & mid cap mutual funds the category averaged +16.65% over three years, at an average expense ratio of 1.24%. All figures are computed from public AMFI NAV history and recomputed daily; past returns do not predict future ones.
| 1 | Invesco India Large & Mid Cap Fund Invesco | ★★★★★ | +8.2% | +24.8% | +19.0% | 0.80% | ₹11,746Cr |
| 2 | Motilal Oswal Large and Midcap Fund Motilal Oswal | ★★★★☆ | +12.1% | +24.2% | +20.2% | 0.93% | ₹17,050Cr |
| 3 | HSBC Large & Mid Cap Fund HSBC | ★★★☆☆ | +12.9% | +20.2% | +16.6% | 1.45% | ₹5,479Cr |
| 4 | Bandhan Large & Mid Cap Fund Bandhan | ★★★★☆ | +6.5% | +20.1% | +18.4% | 1.24% | ₹19,777Cr |
| 5 | ICICI Prudential Large & Mid Cap Fund ICICI Prudential | ★★★★★ | +6.7% | +18.2% | +18.8% | 1.34% | ₹7,954Cr |
| 6 | Axis Large & Mid Cap Fund Axis | ★★★★★ | +8.8% | +18.0% | +14.1% | 0.90% | ₹16,802Cr |
| 7 | Nippon India Vision Large & Mid Cap Fund Nippon India | ★★★☆☆ | +4.4% | +17.6% | +15.3% | 1.52% | ₹7,705Cr |
| 8 | Sundaram Large and Midcap Fund Sundaram | ★★★☆☆ | +12.6% | +17.6% | +14.5% | 1.42% | ₹6,431Cr |
| 9 | UTI Large & Mid Cap Fund UTI | ★★★☆☆ | +5.4% | +17.5% | +16.0% | 1.08% | ₹6,407Cr |
| 10 | Quant Large & Mid Cap Fund quant | ★★★☆☆ | +12.3% | +17.3% | +18.2% | 1.25% | ₹3,496Cr |
| 11 | Edelweiss Large & Mid Cap Fund Edelweiss | ★★★★☆ | +7.4% | +16.8% | +15.2% | 0.68% | ₹63.87Cr |
| 12 | LIC MF Large & Mid Cap Fund LIC | ★★☆☆☆ | +4.4% | +16.4% | +13.6% | 1.67% | ₹3,133Cr |
| 13 | Baroda BNP Paribas Large and Mid Cap fund Baroda BNP Paribas | ★★★★☆ | +5.7% | +16.4% | +15.1% | 1.16% | ₹1,728Cr |
| 14 | Kotak Large & Midcap Fund Kotak Mahindra | ★★★★☆ | +5.3% | +16.1% | +15.4% | 0.66% | ₹32,050Cr |
| 15 | DSP Large & Mid Cap Fund DSP | ★★★★☆ | +2.9% | +16.0% | +13.9% | 0.81% | ₹18,231Cr |
| 16 | Bank of India Large & Mid Cap Fund Bank of India | ★☆☆☆☆ | +8.5% | +15.9% | +13.6% | 1.48% | ₹513.52Cr |
| 17 | HDFC Large and Mid Cap Fund HDFC | ★★☆☆☆ | +4.1% | +15.6% | +16.8% | 0.90% | ₹28,339Cr |
| 18 | Union Large & Midcap Fund Union | ★★★☆☆ | +7.8% | +15.1% | +14.1% | 1.29% | ₹982.67Cr |
| 19 | Canara Robeco Large and Mid Cap Fund Canara Robeco | ★★★☆☆ | +1.7% | +15.1% | +12.8% | 0.77% | ₹24,599Cr |
| 20 | Mahindra Manulife Large & Mid Cap Fund Mahindra Manulife | ★★★☆☆ | +7.7% | +15.1% | +15.2% | 0.86% | ₹2,827Cr |
NAV data as of 20 Aug 2026. Returns are CAGR for periods ≥1 year, computed from AMFI NAV history. Ratings are WealthTicker’s own, ranked within sub-category peers — not a SEBI or agency rating. See our methodology for every formula. This is data, not investment advice.
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Frequently asked questions
What are large & mid cap mutual 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.
Which is the best large & mid cap fund right now?
Invesco India Large & Mid Cap Fund by Invesco currently ranks first among large & mid cap mutual funds by 3-year CAGR at +24.84%. Rankings move with NAVs — past returns don't guarantee future performance.
What returns have large & mid cap mutual funds given?
The category has averaged +6.14% over 1 year, +16.65% annualized over 3 years, +15.05% annualized over 5 years — peer averages over the live funds in the category, computed from AMFI NAV history.
How are large & mid cap mutual funds taxed?
Equity taxation: gains within 1 year are short-term and taxed at 20%; beyond 1 year, long-term gains above ₹1.25 lakh a year are taxed at 12.5%.