Top Large & Mid Cap Funds: 10-Year SIP Returns Revealed

Large & Mid Cap Funds offer a strategic approach to equity investing, combining the stability of large-cap companies with the growth potential of mid-cap companies. These funds are mandated to invest at least 35% of their assets in each category, ensuring a minimum of 70% allocation to the top 250 companies by market capitalization.

This structure aims to provide a cushion during market downturns while allowing participation in market upside, making them suitable for investors seeking a core equity allocation that balances stability with long-term growth. Four top-performing funds in this category have demonstrated significant 10-year Systematic Investment Plan (SIP) returns.

Invesco India Leads with 19.3% XIRR

The Invesco India Large & Mid Cap Fund, launched in August 2007, manages an Asset Under Management (AUM) of Rs 117.5 billion.

A monthly SIP of Rs 10,000 over 10 years, totaling Rs 1.2 million, would have grown to Rs 3.32 million, reflecting an XIRR of 19.3%.

Its top holdings include Eternal, Max Healthcare Institute, Interglobe Aviation, ICICI Bank, and Prestige Estates Projects. The fund’s asset allocation stands at 38.1% in large caps, 35.9% in midcaps, and 23.1% in small caps.

Quant Large & Mid Cap Fund: Quantitative Edge

Established in December 2006, the Quant Large & Mid Cap Fund oversees an AUM of Rs 35 billion.

A similar 10-year SIP of Rs 10,000 monthly would have resulted in a final value of Rs 3.13 million, achieving an XIRR of 18.3%. The fund employs a quantitative approach based on its proprietary VLRT framework.

Key holdings are Lloyds Metals & Energy, Aurobindo Pharma, Samvardhana Motherson International, Adani Enterprises, and Adani Green Energy. Its asset allocation includes 38.2% in large caps, 33.1% in midcaps, and 5.2% in small caps, alongside derivatives exposure.

ICICI Pru Large & Mid Cap Fund: Value Focus

The ICICI Pru Large & Mid Cap Fund, originally launched in July 1998 and re-categorized in 2018, is the third largest in its category with an AUM of Rs 327 billion.

A 10-year SIP of Rs 10,000 per month would have yielded Rs 3.11 million, corresponding to an XIRR of 18.1%. The fund focuses on fundamentally sound, value-oriented stocks across high-potential sectors.

Its key holdings feature SBI Cards and Payment Services, Interglobe Aviation, Bajaj Finserv, Sona BLW Precision Forgings, and IndusInd Bank. The fund allocates 46% to large caps, 43.2% to midcaps, and 8% to small caps.

Bandhan Large & Mid Cap Fund: Sustainable Growth

Launched in August 2005, the Bandhan Large & Mid Cap Fund holds an AUM of Rs 197.8 billion, making it the seventh largest in its category.

A 10-year SIP of Rs 10,000 monthly would have grown to Rs 3.11 million, also achieving an XIRR of 18.1%. The fund seeks well-managed, sustainable businesses at reasonable valuations.

Its top holdings include HDFC Bank, ICICI Bank, Kotak Mahindra Bank, One97 Communications, and Infosys. The asset allocation comprises 39.4% in large caps, 36.2% in midcaps, and 18.6% in small caps.

These performances underscore the potential of Large & Mid Cap Funds as a core equity allocation, offering investors a balanced exposure to market leaders and emerging growth companies over the long term.