Choice Large & Mid Cap Fund NFO Is Open Till 3 Nov: Minimum ₹1,000, Units at ₹10
Key Highlights
Choice Large & Mid Cap Fund NFO open until 3 Nov 2026. Offer price ₹10, minimum investment ₹1,000. Allocation, benchmark, peer comparison.
Details as of: 1 November 2026
- until 3 Nov 2026 (opened 20 Oct 2026)
- Offer price: ₹10 per unit
- Minimum investment: ₹1,000
- Exit load: 1% on or before 365D and Nil after 365D
- : NIFTY LargeMidcap 250 – TRI
- At least 70% must be in Equity & Equity Related Instruments
The Choice Large & Mid Cap Fund NFO is open until 3 November 2026. It opened for subscription on 20 October 2026. The units are available at an offer price of ₹10. Investors can participate in the scheme with a minimum investment of ₹1,000.
Choice Large & Mid Cap Fund NFO: key details
| Fund house | Choice Mutual Fund |
| Category | Equity – Large & Mid Cap Fund |
| Opens | 20 October 2026 |
| Closes | 3 November 2026 |
| Offer price | ₹10 per unit |
| Minimum investment | ₹1,000, then ₹1,000 in multiples of ₹1 |
| Weekly from ₹250 (12 instalments); Daily from ₹250 (30 instalments); Monthly from ₹500 (12 instalments); Fortnightly from ₹500 (12 instalments); Quarterly from ₹1,000 (4 instalments); Half-Yearly from ₹5,000 (4 instalments); Yearly from ₹5,000 (4 instalments) | |
| Exit load | 1% on or before 365D and Nil after 365D |
| Benchmark | NIFTY LargeMidcap 250 – TRI |
| Fund managers | Rochan Pattnayak |
| Plans | Regular and Direct plans, with Growth option |
What the scheme says it will invest in
The scheme states its objective as follows.
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.
| Where the money goes | Minimum | Maximum |
|---|---|---|
| Equity & Equity Related Instruments | 70% | 100% |
| a) Large Cap Companies | 35% | 65% |
| b) Mid Cap Companies | 35% | 65% |
| c) Other than Large Cap & Mid Cap Companies | 0% | 30% |
| Debt securities (including securitized debt & debt derivatives), money market instruments & Gold & Silver Instruments | 0% | 30% |
| Units issued by InvITs | 0% | 10% |
The scheme mandates that at least 70% of its portfolio must be invested in equity and equity related instruments. It plans to allocate 35% to 65% of its assets to large cap companies. The fund may also invest up to 30% in debt securities, money market instruments, and gold or silver instruments.
How it compares with existing funds
| Measure | Value |
|---|---|
| Funds in the category | 36 |
| Average 1-year return (33 funds) | −3.82% |
| Average 3-year return, a year (26 funds) | 13.46% |
| Highest 1-year return: Quant Large & Mid Cap Fund | 4.49% |
| Average expense ratio of Direct plans (36 funds) | 1.17% (range 0.67%–2.68%) |
| Fund | NFO period | Assets (₹ crore) | now (Direct Growth) | Change on offer price |
|---|---|---|---|---|
| Abakkus Large & Mid Cap Fund | 15 July 2026 – 29 July 2026 | 486 | ₹9.22 (30 October 2026) | −7.76% |
| TRUSTMF Large & Mid Cap Fund | 3 July 2026 – 17 July 2026 | 418 | ₹9.69 (30 October 2026) | −3.10% |
| The Wealth Company Large & Mid Cap Fund | 21 May 2026 – 4 June 2026 | 109 | ₹9.47 (30 October 2026) | −5.28% |
Existing funds in the category reported an average 1-year return of −3.82% across 33 funds. The average expense ratio for the 36 existing funds is 1.17%. Among earlier NFOs, Abakkus Large & Mid Cap Fund holds assets of ₹486 crore with a current NAV of ₹9.22.
Fund managers
| Name | Role | Experience |
|---|---|---|
| Rochan Pattnayak | 10 Years |
Choice Large & Mid Cap Fund NFO: FAQs
When does the Choice Large & Mid Cap Fund NFO open and close?
The NFO opens on 20 Oct 2026 and closes on 3 Nov 2026.
What is the minimum investment in the Choice Large & Mid Cap Fund NFO?
The minimum investment is ₹1,000. Further amounts are ₹1,000 in multiples of ₹1. SIPs: Weekly from ₹250 (12 instalments); Daily from ₹250 (30 instalments); Monthly from ₹500 (12 instalments); Fortnightly from ₹500 (12 instalments); Quarterly from ₹1,000 (4 instalments); Half-Yearly from ₹5,000 (4 instalments); Yearly from ₹5,000 (4 instalments).
What is the exit load of the Choice Large & Mid Cap Fund?
The scheme states its exit load as: 1% on or before 365D and Nil after 365D
Who manages the Choice Large & Mid Cap Fund?
The fund is managed by Rochan Pattnayak.
Which plans does the Choice Large & Mid Cap Fund have?
Regular and Direct plans, with Growth option.
What does the NFO offer price mean?
The offer price is the price per unit at which units are allotted during the NFO, here ₹10. It is not a measure of value, and the fund has no track record to judge until it has run for some time.
What is the benchmark of the Choice Large & Mid Cap Fund?
The scheme’s benchmark is the NIFTY LargeMidcap 250 – TRI.
Scheme terms from the offer documents; fund data: Accord Fintech. Calculations: ThePip. For information only; not investment advice.