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 05 Oct 2026, Invesco India Large & Mid Cap Fund (Direct plan, Growth option) leads large & mid cap mutual funds on 3-year CAGR at +21.40%, followed by Motilal Oswal Large and Midcap Fund at +21.20% and HSBC Large & Mid Cap Fund at +16.77%. Across 36 large & mid cap mutual funds the category averaged +13.04% over three years, at an average expense ratio of 1.18%. 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 | ★★★★★ | +6.1% | +21.4% | +15.9% | 0.79% | — |
| 2 | Motilal Oswal Large and Midcap Fund Motilal Oswal | ★★★★☆ | +5.6% | +21.2% | +18.3% | 0.89% | ₹17,050Cr |
| 3 | HSBC Large & Mid Cap Fund HSBC | ★★★☆☆ | +7.7% | +16.8% | +13.5% | 1.34% | — |
| 4 | Bandhan Large & Mid Cap Fund Bandhan | ★★★★★ | +1.4% | +16.7% | +15.6% | 1.15% | — |
| 5 | Quant Large & Mid Cap Fund quant | ★★★☆☆ | +8.0% | +14.6% | +14.5% | 1.21% | — |
| 6 | Axis Large & Mid Cap Fund Axis | ★★★★★ | +3.8% | +14.4% | +11.1% | 0.83% | — |
| 7 | ICICI Prudential Large & Mid Cap Fund ICICI Prudential | ★★★★★ | -3.4% | +13.9% | +13.3% | 1.24% | — |
| 8 | Sundaram Large and Midcap Fund Sundaram | ★★☆☆☆ | +5.2% | +13.7% | +11.2% | 1.36% | ₹6,431Cr |
| 9 | UTI Large & Mid Cap Fund UTI | ★★★☆☆ | -0.4% | +13.7% | +12.7% | 1.14% | — |
| 10 | Nippon India Vision Large & Mid Cap Fund Nippon India | ★★☆☆☆ | -3.0% | +13.4% | +11.5% | 1.50% | — |
| 11 | Edelweiss Large & Mid Cap FundSmall fund Edelweiss | ★★★★☆ | +1.0% | +13.0% | +11.7% | 0.68% | ₹63.87Cr |
| 12 | Baroda BNP Paribas Large and Mid Cap fund Baroda BNP Paribas | ★★★☆☆ | +0.3% | +12.9% | +11.1% | 1.09% | ₹1,728Cr |
| 13 | Bank of India Large & Mid Cap Fund Bank of India | ★☆☆☆☆ | +3.1% | +12.4% | +10.7% | 1.42% | — |
| 14 | Union Large & Midcap Fund Union | ★★★☆☆ | +3.3% | +12.4% | +10.6% | 1.31% | — |
| 15 | LIC MF Large & Mid Cap Fund LIC | ★★☆☆☆ | -2.7% | +12.4% | +10.1% | 1.45% | — |
| 16 | DSP Large & Mid Cap Fund DSP | ★★★★☆ | -4.5% | +12.2% | +10.6% | 0.79% | — |
| 17 | Kotak Large & Mid Cap Fund Kotak Mahindra | ★★★☆☆ | -1.8% | +12.2% | +12.4% | 0.67% | — |
| 18 | SBI Large & Midcap Fund SBI | ★★★★☆ | -1.2% | +11.7% | +12.1% | 0.86% | — |
| 19 | HDFC Large & Mid Cap Fund HDFC | ★★☆☆☆ | -2.5% | +11.6% | +12.8% | 0.91% | ₹28,339Cr |
| 20 | Canara Robeco Large and Mid Cap Fund Canara Robeco | ★★★☆☆ | -4.2% | +11.4% | +9.2% | 0.77% | ₹24,599Cr |
NAV data as of 05 Oct 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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Understand large & mid cap mutual funds
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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 +21.40%. Rankings move with NAVs — past returns don't guarantee future performance.
What returns have large & mid cap mutual funds given?
The category has averaged +0.39% over 1 year, +13.04% annualized over 3 years, +11.61% 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%.