Not One Large & Mid Cap Fund Rose in a Month: The Category Fell 6.22% on Average
Key Highlights
Large & Mid Cap funds: average 1-month −6.22%, 1-year −4.62%, 3-year 12.02% a year across 36 Direct Growth plans, to 22 October 2026.
Returns as of: 22 October 2026
- Category average return: 1 month −6.22%, 1 year −4.62%, 3 years 12.02% a year
- Every fund fell over the past month
- Only a few funds had a positive return over one year
- 6% of 1-year rolling windows ended below zero
- Average expense ratio of Direct plans: 1.17%
- Largest fund by assets: Mirae Asset Large & Midcap Fund
Large & Mid Cap funds performance: The category average fell −6.22% over the month. Every fund fell over the month. The 1-year average was −4.62% and only a few funds had a positive return over one year.
Large & Mid Cap funds: returns across the category
| Period | Average | Median | Funds with a positive return | Funds counted |
|---|---|---|---|---|
| 1 week | −2.76% | −2.74% | 0 of 36 | 36 |
| 1 month | −6.22% | −6.05% | 0 of 36 | 36 |
| 3 months | −5.77% | −5.52% | 0 of 34 | 34 |
| 6 months | −3.08% | −2.76% | 4 of 33 | 33 |
| 1 year | −4.62% | −3.89% | 2 of 33 | 33 |
| 3 years (a year) | 12.02% | 11.85% | 26 of 26 | 26 |
| 5 years (a year) | 10.82% | 10.37% | 26 of 26 | 26 |
The 1-year average of −4.62% is lower than the 3-year average of 12.02%. The 1-year average is negative, while the 3-year average is positive.
Highest and lowest returns over the past month
| Fund | 1 month | 1 week |
|---|---|---|
| Samco Large & Mid Cap Fund | −2.93% | −1.04% |
| Baroda BNP Paribas Large & Mid Cap Fund | −4.52% | −2.11% |
| DSP Large & Mid Cap Fund | −4.55% | −1.97% |
| Fund | 1 month | 1 week |
|---|---|---|
| Sundaram Large and Mid Cap Fund | −8.47% | −3.73% |
| ICICI Pru Large & Mid Cap Fund | −8.36% | −3.20% |
| ITI Large & Mid Cap Fund | −8.15% | −3.88% |
Highest 3-year returns
| Fund | 1 year | 3 years (a year) | Expense ratio |
|---|---|---|---|
| Invesco India Large & Mid Cap Fund | −2.12% | 19.41% | 0.79% |
| Motilal Oswal Large & Midcap Fund | −1.15% | 19.25% | 0.91% |
| Bandhan Large & Mid Cap Fund | −3.21% | 15.68% | 1.17% |
| HSBC Large & Mid Cap Fund | 0.71% | 15.04% | 1.39% |
| Quant Large & Mid Cap Fund | 3.02% | 13.37% | 1.23% |
Rolling returns
| Measure | Category average 1-year return |
|---|---|
| Lowest window | −5.0% (ending 26 September 2025) |
| Median | 10.7% |
| Highest window | 49.2% (ending 24 September 2024) |
| Share of windows below zero | 6% |
| Latest window (ending 22 October 2026) | −4.5% |
The lowest 1-year rolling return was −5.0% and the median was 10.7%. The highest rolling return reached 49.2%. The latest rolling window of −4.5% is lower than the median rolling window.
Largest funds and costs
| Fund | Assets (₹ crore) | 1 year | 3 years (a year) |
|---|---|---|---|
| Mirae Asset Large & Midcap Fund | 42,834 | −5.64% | 10.12% |
| SBI Large & Midcap Fund | 40,499 | −4.59% | 11.13% |
| ICICI Pru Large & Mid Cap Fund | 31,628 | −9.16% | 12.18% |
| Kotak Large & Mid Cap Fund | 30,581 | −6.04% | 11.32% |
| HDFC Large & Mid Cap Fund | 28,543 | −6.88% | 10.95% |
| Expense ratio | Funds counted | |
|---|---|---|
| Average | 1.17% | 36 |
| Lowest: Kotak Large & Mid Cap Fund | 0.67% | |
| Highest: TRUSTMF Large & Mid Cap Fund | 2.68% |
Large & Mid Cap funds: FAQs
How have Large & Mid Cap funds performed over the past year?
The average 1-year return of 33 Direct Growth Large & Mid Cap funds was −4.62% to 22 October 2026; only a few funds had a positive return. The average 3-year return was 12.02% a year across 26 funds.
What is the average expense ratio of Large & Mid Cap funds?
The average expense ratio of 36 Direct plans in the Large & Mid Cap category is 1.17%. It ranges from 0.67% (Kotak Large & Mid Cap Fund) to 2.68% (TRUSTMF Large & Mid Cap Fund).
Which Large & Mid Cap fund is the largest?
Mirae Asset Large & Midcap Fund has the largest assets among Large & Mid Cap funds, ₹42,834 crore at 30 September 2026, across all its plans.
What are rolling returns?
Rolling returns measure the return over every window of a fixed length, not just the one ending today. Here, each 1-year window ending between 23 October 2023 and 22 October 2026 is averaged across 26 funds, so the result does not depend on one start date.
Why are Direct plans compared?
Direct plans have no distributor commission in their cost, so they are the cleanest way to compare the funds themselves. Regular plans of the same funds charge a higher expense ratio, which reduces their returns.
, expense and portfolio data: Accord Fintech. Calculations: ThePip. For information only; not investment advice.