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HDFC Large & Mid Cap Fund

Large & MidCapVery HighOPEN-ENDED
Invest Now
NAV as on 25 Sep 2026
₹338.82+0.13%1 day
Return since launch
12.8%
52-week range
₹299.39 — ₹355.33
AUM
₹30,294 Cr

HDFC Large & Mid Cap Fund is a Large & MidCap equity fund from HDFC Mutual Fund with ₹30,294 Cr under management, launched in 1994. Over three years it has returned 4.7% a year, against 12.9% for its category. The expense ratio is 1.60% and the SEBI riskometer reading is Very High.

Performance

Returns

How the fund has done against its category and its benchmark.

Trailing returns
PeriodFundvs categoryCategoryBenchmark
1Y-0.2%−3.6 pts3.4%-1.1%
2Y1.9%−1.7 pts3.6%0.9%
3Y4.7%−8.2 pts12.9%4.2%
5Y11.9%+0.6 pts11.3%10.2%
7Y16.3%+1.5 pts14.8%13.8%
10Y15.2%+2.1 pts13.2%13.3%

Fund against category

1Y
Fund-0.2%
Category3.4%
3Y
Fund4.7%
Category12.9%
5Y
Fund11.9%
Category11.3%

Since launch (6 Jan 1994): 12.8%

Calendar-year returns

Category average
Show as a table
Calendar-year returns
PeriodFundvs categoryCategory
20256.1%+0.7 pts5.4%
202419.2%−5.7 pts25.0%
202337.7%+6.3 pts31.4%
20228.2%+5.2 pts3.0%
202143.1%+4.0 pts39.1%
202011.4%−6.1 pts17.5%

Returns over one year are annualised. Shorter periods are absolute.

Costs & terms

Costs and terms

What the fund charges each year, and the rules around putting money in and taking it out.

Costs

1.62%

Expense ratio as on 24 Sep 2026

Charged yearly and already deducted from the NAV.

Base expense
1.36%
Brokerage
0.00%
Transaction charges
0.00%
Statutory levies
0.26%
Exit load
Exit load of 1% if redeemed within 1 year
Lock-in
None

Terms

Min SIP
₹3,000
Min lumpsum
₹5,000
Plan
GROWTH
Fund type
OPEN-ENDED
Benchmark
Nifty Large Midcap 250 TRI
Short-term capital gains
Returns taxed at 20% if you redeem before 1 year
Long-term capital gains
After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Risk

Risk

What the riskometer means for this fund, and how its ratios sit against the category.

Very High

Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.

Risk ratios
RatioFundCategory avgRead as
Alpha1.677.31Return earned above what the benchmark alone would have given. Higher is better.
Beta1.071.05How hard the fund moves when the market moves. Under 1 is steadier than the market.
Sharpe0.530.80Return earned for each unit of total risk taken. Higher is better.
Sortino0.680.99Return earned for each unit of downside risk. Higher is better.
Std. deviation16.0917.61How widely monthly returns have varied around their own average. Lower is steadier.
Average of 5 category peers

Portfolio

HDFC Large & Mid Cap Fund portfolio

Portfolio as of 31 Aug 2026

Asset allocation

  • Equity99.2%
  • Other0.8%

Market cap split

  • Large44.1%
  • Mid39.7%
  • Small16.2%
P/E
22.94
P/B
2.96

Top holdings

HoldingSectorWeightValue3M chg6M chg1Y chg
ICICI Bank Ltd.Financial3.79%₹1,149 Cr+3.48%+3.33%+3.69%
HDFC Bank Ltd.Financial3.43%₹1,040 Cr+3.83%+4.56%+4.97%
Axis Bank Ltd.Financial1.95%₹592 Cr+1.92%+2.06%+1.70%
Bharti Airtel Ltd.Communication1.74%₹527 Cr+1.86%+1.88%+2.06%
State Bank of IndiaFinancial1.47%₹446 Cr+1.42%+1.77%+1.29%
Reliance Industries Ltd.Energy1.44%₹438 Cr+1.59%+0.94%+1.00%
Fortis Healthcare Ltd.Healthcare1.42%₹429 Cr+1.54%+1.56%+1.65%
Max Financial Services Ltd.Financial1.35%₹409 Cr+1.53%+1.65%+1.59%
Prestige Estates Projects Ltd.Construction1.35%₹408 Cr+1.25%+0.90%+1.10%
Gland Pharma Ltd.Healthcare1.33%₹404 Cr+1.10%+0.89%+1.00%

Sectors

  • Financial27.6%
  • Healthcare14.2%
  • Automobile9.8%
  • Services8.2%
  • Technology6.7%
  • Energy6.3%
  • Capital Goods5.0%
  • Construction4.0%

Instruments

  • Real Estate Investment Trusts0.3%
  • Net Current Assets0.3%
  • Repo0.2%
  • Mutual Fund0.1%

Recent changes

HoldingFromToWeight
company:202420.00%0.27%+0.27%
Coromandel International Ltd.0.12%0.36%+0.24%
HDFC Bank Ltd.3.65%3.43%-0.22%
Others0.05%0.26%+0.21%
Gland Pharma Ltd.1.16%1.33%+0.17%
Avalon Technologies Ltd.0.54%0.70%+0.16%
Bharti Airtel Ltd.1.90%1.74%-0.16%
Lenskart Solutions Ltd.0.14%0.00%-0.14%
Adani Energy Solutions Ltd.0.82%0.70%-0.12%
Coforge Ltd.0.79%0.91%+0.12%
Lupin Ltd.1.12%1.01%-0.11%
Divi's Laboratories Ltd.0.65%0.76%+0.11%
Motilal Oswal Financial Services Ltd.0.53%0.64%+0.11%
Ipca Laboratories Ltd.0.82%0.92%+0.10%
Power Finance Corporation Ltd.0.49%0.39%-0.10%
Aurobindo Pharma Ltd.1.13%1.22%+0.09%
Bosch Ltd.0.41%0.50%+0.09%
Axis Bank Ltd.1.86%1.95%+0.09%
Eternal Ltd.1.04%1.12%+0.08%
Sterlite Technologies Ltd.0.32%0.40%+0.08%
Bajaj Finance Ltd.0.97%0.89%-0.08%
Glenmark Pharmaceuticals Ltd.0.78%0.86%+0.08%
Maruti Suzuki India Ltd.1.39%1.31%-0.08%
Balkrishna Industries Ltd.0.92%0.85%-0.07%
Fortis Healthcare Ltd.1.49%1.42%-0.07%
Steel Authority Of India Ltd.0.49%0.56%+0.07%
Alkem Laboratories Ltd.0.86%0.79%-0.07%
Hindustan Petroleum Corporation Ltd.0.95%0.88%-0.07%
Kotak Mahindra Bank Ltd.1.09%1.16%+0.07%
Blue Star Ltd.0.46%0.40%-0.06%
CreditAccess Grameen Ltd.0.38%0.32%-0.06%
PB Fintech Ltd.0.39%0.45%+0.06%
Solar Industries India Ltd.0.68%0.74%+0.06%
Shriram Finance Ltd1.12%1.18%+0.06%
Bharat Forge Ltd.0.99%0.94%-0.05%
Jindal Steel Ltd.0.70%0.75%+0.05%
Mahindra & Mahindra Financial Services Ltd.1.26%1.21%-0.05%
Max Financial Services Ltd.1.30%1.35%+0.05%
NTPC Ltd.0.80%0.75%-0.05%
Reliance Industries Ltd.1.49%1.44%-0.05%
Navin Fluorine International Ltd.0.34%0.39%+0.05%
PVR Inox Ltd.0.15%0.10%-0.05%
Voltas Ltd.0.47%0.42%-0.05%
Ambuja Cements Ltd.0.71%0.66%-0.05%
Aster DM Quality Care Ltd.0.61%0.56%-0.05%
Ajanta Pharma Ltd.1.03%1.07%+0.04%
BSE Ltd.0.34%0.30%-0.04%
Bandhan Bank Ltd.0.54%0.50%-0.04%
Bharat Electronics Ltd.0.64%0.68%+0.04%
Hindustan Unilever Ltd.0.52%0.48%-0.04%
Oracle Financial Services Software Ltd.0.36%0.40%+0.04%
Redington Ltd.0.42%0.46%+0.04%
Devyani International Ltd.0.16%0.20%+0.04%
Zee Entertainment Enterprises Ltd.0.20%0.16%-0.04%
ITC Ltd.0.36%0.32%-0.04%
SBI Life Insurance Company Ltd.0.59%0.55%-0.04%
Crompton Greaves Consumer Electricals Ltd.0.27%0.24%-0.03%
Dilip Buildcon Ltd.0.39%0.36%-0.03%
Escorts Kubota Ltd.0.85%0.82%-0.03%
FSN E-Commerce Ventures Ltd.0.59%0.62%+0.03%
HCL Technologies Ltd.0.87%0.84%-0.03%
Kaynes Technology India Ltd.0.74%0.71%-0.03%
Max Healthcare Institute Ltd.0.55%0.52%-0.03%
Mphasis Ltd.1.20%1.23%+0.03%
State Bank of India1.44%1.47%+0.03%
Trent Ltd.0.54%0.51%-0.03%
Jubilant FoodWorks Ltd.0.18%0.21%+0.03%
REC Ltd.0.17%0.14%-0.03%
Dabur India Ltd.0.31%0.28%-0.03%
PNB Housing Finance Ltd.0.44%0.47%+0.03%
Paradeep Phosphates Ltd.0.45%0.48%+0.03%
Power Grid Corporation Of India Ltd.0.36%0.33%-0.03%
Ashok Leyland Ltd.0.55%0.58%+0.03%
Indian Bank0.54%0.57%+0.03%
AIA Engineering Ltd.0.26%0.24%-0.02%
Biocon Ltd.0.43%0.41%-0.02%
Delhivery Ltd.0.37%0.35%-0.02%
Hindalco Industries Ltd.0.78%0.80%+0.02%
ICICI Bank Ltd.3.77%3.79%+0.02%
ICICI Lombard General Insurance Company Ltd.0.39%0.37%-0.02%
L&T Finance Ltd.0.77%0.79%+0.02%
LIC Housing Finance Ltd.0.78%0.80%+0.02%
Larsen & Toubro Ltd.0.96%0.98%+0.02%
Page Industries Ltd.0.17%0.15%-0.02%
SRF Ltd.0.54%0.52%-0.02%
Sona BLW Precision Forgings Ltd.0.42%0.44%+0.02%
Tata Communications Ltd.0.44%0.42%-0.02%
Tata Consumer Products Ltd.0.44%0.42%-0.02%
Tata Motors Ltd.0.38%0.40%+0.02%
Tata Steel Ltd.0.55%0.53%-0.02%
UPL Ltd.0.27%0.25%-0.02%
company:208350.00%0.02%+0.02%
Sapphire Foods India Ltd.0.04%0.06%+0.02%
Bharat Heavy Electricals Ltd.0.16%0.18%+0.02%
Emami Ltd.0.21%0.19%-0.02%
NLC India Ltd.0.19%0.17%-0.02%
One97 Communications Ltd.0.10%0.12%+0.02%
PI Industries Ltd.0.18%0.16%-0.02%
Sai Life Sciences Ltd.0.19%0.21%+0.02%
Samvardhana Motherson International Ltd.0.16%0.18%+0.02%
Union Bank of India0.19%0.21%+0.02%
Vodafone Idea Ltd.0.23%0.25%+0.02%
Cipla Ltd.0.47%0.45%-0.02%
Mahindra & Mahindra Ltd.0.41%0.39%-0.02%
Tata Motors Passenger Vehicles Ltd.0.29%0.27%-0.02%
AU Small Finance Bank Ltd.0.68%0.70%+0.02%
Asian Paints Ltd.0.27%0.26%-0.01%
Bank Of Baroda0.40%0.39%-0.01%
Bharat Petroleum Corporation Ltd.0.38%0.39%+0.01%
Blue Dart Express Ltd.0.17%0.16%-0.01%
Brigade Enterprises Ltd.0.06%0.07%+0.01%
CIE Automotive India Ltd.0.22%0.21%-0.01%
Carborundum Universal Ltd.0.21%0.22%+0.01%
Cohance Lifesciences Ltd.0.18%0.19%+0.01%
Deepak Nitrite Ltd.0.09%0.10%+0.01%
Endurance Technologies Ltd.0.37%0.38%+0.01%
Eris Lifesciences Ltd.0.30%0.29%-0.01%
Exide Industries Ltd.0.17%0.16%-0.01%
GAIL (India) Ltd.0.28%0.27%-0.01%
Godfrey Phillips India Ltd.0.31%0.30%-0.01%
Godrej Properties Ltd.0.16%0.15%-0.01%
Gujarat Fluorochemicals Ltd.0.25%0.26%+0.01%
Hexaware Technologies Ltd.0.07%0.06%-0.01%
Hindustan Aeronautics Ltd.0.62%0.63%+0.01%
IDFC First Bank Ltd.0.59%0.60%+0.01%
Indraprastha Gas Ltd.0.43%0.42%-0.01%
Indusind Bank Ltd.1.27%1.26%-0.01%
Info Edge (India) Ltd.0.19%0.20%+0.01%
Kajaria Ceramics Ltd.0.13%0.14%+0.01%
Kei Industries Ltd.0.06%0.07%+0.01%
Medi Assist Healthcare Services Ltd.0.17%0.16%-0.01%
NHPC Ltd.0.26%0.25%-0.01%
Nuvoco Vistas Corporation Ltd.0.13%0.12%-0.01%
Oil And Natural Gas Corporation Ltd.0.28%0.27%-0.01%
Oil India Ltd.0.27%0.28%+0.01%
Prestige Estates Projects Ltd.1.34%1.35%+0.01%
Sun Pharmaceutical Industries Ltd.0.74%0.73%-0.01%
Sundram Fasteners Ltd.0.06%0.07%+0.01%
Suzlon Energy Ltd.0.34%0.33%-0.01%
Swiggy Ltd.0.46%0.45%-0.01%
Tata Chemicals Ltd.0.19%0.18%-0.01%
Tech Mahindra Ltd.0.44%0.43%-0.01%
UTI Asset Management Company Ltd.0.16%0.15%-0.01%
Ultratech Cement Ltd.0.28%0.27%-0.01%
United Spirits Ltd.0.26%0.25%-0.01%
JSW Infrastructure Ltd.0.04%0.05%+0.01%
LG Balakrishnan & Bros Ltd.0.04%0.05%+0.01%
Sula Vineyards Ltd.0.05%0.04%-0.01%
Aarti Pharmalabs Ltd.0.01%0.02%+0.01%
Indigo Paints Ltd.0.01%0.02%+0.01%
Archean Chemical Industries Ltd.0.08%0.07%-0.01%
Bajaj Housing Finance Ltd.0.06%0.05%-0.01%
Bata India Ltd.0.09%0.08%-0.01%
Brainbees Solutions Ltd.0.08%0.07%-0.01%
Gujarat Energy Ltd.0.09%0.08%-0.01%
KEC International Ltd.0.08%0.07%-0.01%
NBCC (India) Ltd.0.06%0.05%-0.01%
Star Health and Allied Insurance Company Ltd.0.12%0.11%-0.01%
Sun TV Network Ltd.0.06%0.05%-0.01%
Syngene International Ltd.0.07%0.08%+0.01%
ACC Ltd.0.18%0.17%-0.01%
Aarti Industries Ltd.0.17%0.18%+0.01%
Cholamandalam Financial Holdings Ltd.0.15%0.14%-0.01%
Diamond Power Infrastructure Ltd.0.17%0.18%+0.01%
Havells India Ltd.0.18%0.17%-0.01%
IIFL Finance Ltd.0.14%0.15%+0.01%
JSW Energy Ltd.0.18%0.17%-0.01%
SBI Cards And Payment Services Ltd.0.21%0.20%-0.01%
Wockhardt Ltd.0.21%0.20%-0.01%
Apollo Tyres Ltd.0.40%0.41%+0.01%
Five-Star Business Finance Ltd.0.47%0.46%-0.01%
Oberoi Realty Ltd.0.28%0.29%+0.01%
Vishal Mega Mart Ltd.0.34%0.35%+0.01%
Torrent Pharmaceuticals Ltd.0.57%0.56%-0.01%
Infosys Ltd.1.13%1.12%-0.01%
Latent View Analytics Ltd.0.01%0.00%-0.01%
TCI Express Ltd.0.00%0.00%0.00%
Atul Ltd.0.00%0.00%0.00%
360 One Wam Ltd.0.14%0.14%0.00%
AG Ventures Ltd.0.01%0.01%0.00%
Aditya Birla Capital Ltd.0.50%0.50%0.00%
Arvind Ltd.0.06%0.06%0.00%
Avenue Supermarts Ltd.0.26%0.26%0.00%
Bank of India0.17%0.17%0.00%
Billionbrains Garage Ventures Ltd.0.04%0.04%0.00%
CG Power and Industrial Solutions Ltd.0.06%0.06%0.00%
Canara Bank0.12%0.12%0.00%
Cello World Ltd.0.01%0.01%0.00%
Central Depository Services (India) Ltd.0.03%0.03%0.00%
Chemplast Sanmar Ltd.0.01%0.01%0.00%
Cholamandalam Investment and Finance Company Ltd.0.43%0.43%0.00%
Clean Science And Technology Ltd.0.01%0.01%0.00%
Computer Age Management Services Ltd.0.14%0.14%0.00%
Container Corporation Of India Ltd.0.10%0.10%0.00%
Craftsman Automation Ltd.0.05%0.05%0.00%
DCX Systems Ltd.0.14%0.14%0.00%
Delta Corp Ltd.0.01%0.01%0.00%
Dixon Technologies (India) Ltd.0.05%0.05%0.00%
Dr. Reddy's Laboratories Ltd.0.19%0.19%0.00%
Eicher Motors Ltd.0.91%0.91%0.00%
Embassy Office Parks REIT0.34%0.34%0.00%
Fusion Finance Ltd.0.03%0.03%0.00%
GSPL Transmission Ltd.0.02%0.02%0.00%
Godrej Consumer Products Ltd.0.01%0.01%0.00%
HDFC BSE Sensex ETF0.12%0.12%0.00%
HDFC Life Insurance Co Ltd.0.22%0.22%0.00%
Hero Motocorp Ltd.0.43%0.43%0.00%
Hyundai Motor India Ltd.0.38%0.38%0.00%
ICICI Prudential Asset Management Company Ltd.0.02%0.02%0.00%
ICICI Prudential Life Insurance Company Ltd.0.20%0.20%0.00%
IKIO Technologies Ltd.0.05%0.05%0.00%
ITC Hotels Ltd.0.02%0.02%0.00%
Indian Railway Catering And Tourism Corporation Ltd.0.02%0.02%0.00%
Interglobe Aviation Ltd.0.84%0.84%0.00%
JK Cement Ltd.0.07%0.07%0.00%
Kwality Wall's (India) Ltd.0.01%0.01%0.00%
L&T Technology Services Ltd.0.10%0.10%0.00%
LTM Limited0.19%0.19%0.00%
Life Insurance Corporation of India0.07%0.07%0.00%
Lodha Developers Ltd.0.12%0.12%0.00%
Motherson Sumi Wiring India Ltd.0.04%0.04%0.00%
Nazara Technologies Ltd.0.04%0.04%0.00%
Nippon Life India Asset Management Ltd.0.16%0.16%0.00%
OCCL Ltd.0.07%0.07%0.00%
Persistent Systems Ltd.0.73%0.73%0.00%
Powerica Ltd.0.12%0.12%0.00%
STL Networks Ltd.0.03%0.03%0.00%
Sterling and Wilson Renewable Energy Ltd.0.05%0.05%0.00%
Supreme Industries Ltd.0.19%0.19%0.00%
TVS Motor Company Ltd.0.17%0.17%0.00%
Tata Consultancy Services Ltd.0.66%0.66%0.00%
Tenneco Clean Air India Ltd0.04%0.04%0.00%
The Federal Bank Ltd.0.61%0.61%0.00%
The Indian Hotels Company Ltd.0.81%0.81%0.00%
The Phoenix Mills Ltd.0.31%0.31%0.00%
Timken India Ltd.0.42%0.42%0.00%
Titagarh Rail Systems Ltd.0.16%0.16%0.00%
Titan Company Ltd.0.03%0.03%0.00%
Tube Investments Of India Ltd.0.15%0.15%0.00%
United Breweries Ltd.0.08%0.08%0.00%
Waaree Energies Ltd.0.08%0.08%0.00%
Whirlpool Of India Ltd.0.14%0.14%0.00%
Zydus Lifesciences Ltd.0.13%0.13%0.00%
eClerx Services Ltd.0.07%0.07%0.00%

Compare

Similar funds

The rest of the category, so this fund’s numbers have something to sit against.

FundAUMExpense1Y3Y5Y
Category average₹18,618 Cr2.10%8.1%10.6%16.1%
ICICI Prudential Large & Mid Cap Fund₹33,592 Cr2.04%-1.6%6.3%13.0%
Bandhan Large & Mid Cap Fund₹21,020 Cr2.30%2.4%8.1%15.2%
Motilal Oswal Large and Midcap Fund₹20,159 Cr1.81%16.0%14.1%19.5%
Invesco India Large & Mid Cap Fund₹12,387 Cr1.87%12.9%13.8%18.1%
HSBC Large and Mid Cap Fund₹5,931 Cr2.47%10.7%10.7%14.9%

About

About this fund

The scheme’s own words, its benchmark and the people running it.

Investment objective

The scheme seeks to generate long term capital appreciation/income from a portfolio, predominantly invested in equity and equity related instruments.

Fund managers

  • Amar KalkundrikarMr. Kalkundrikar has done B.Com, CA, CFA, and MBA from Columbia Business School.Prior to joining HDFC Asset Management Company Limited, he has worked with Nippon India Mutual Fund, and HDFC AMC. He worked with multiple roles at HDFC MF.
  • Gopal AgrawalMr.Agrawal is a B.E and MBM.Prior to joining HDFC Mutual Fund he has worked with DSP Mutual Fund, Tata AMC, Mirae Asset Mutual Fund ,SBI Mutual Fund, Kotak Securities, HDFC Securities, IDBI Capital, UTI Securities and IPCL.
Scheme information document

Tools

Return calculator

What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.

₹
Over the pastTotal investmentWould’ve becomeGrowthReturns
6 months10.32% absolute₹60,000₹66,19210.32%
1 year1.29% annualised₹1,20,000₹1,20,8420.70%
3 years11.77% annualised₹3,60,000₹4,33,46420.41%
5 years12.96% annualised₹6,00,000₹8,47,09141.18%

Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.

How this is calculated

Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.

The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.

Questions

Frequently asked questions

The things people ask about this scheme.

What is the NAV of HDFC Large & Mid Cap Fund?
The NAV of HDFC Large & Mid Cap Fund is ₹338.82 as on 25 Sep 2026.
What is the expense ratio of HDFC Large & Mid Cap Fund?
The expense ratio of HDFC Large & Mid Cap Fund is 1.60% per year.
What is the minimum SIP amount for HDFC Large & Mid Cap Fund?
You can start a SIP in HDFC Large & Mid Cap Fund with ₹3,000 a month.
What returns has HDFC Large & Mid Cap Fund given?
HDFC Large & Mid Cap Fund has returned -0.2% over 1 year, 4.7% over 3 years and 11.9% over 5 years (annualised).
Is there a lock-in or exit load on HDFC Large & Mid Cap Fund?
Lock-in: None. Exit load: Exit load of 1% if redeemed within 1 year.
How risky is HDFC Large & Mid Cap Fund?
HDFC Large & Mid Cap Fund is rated Very High on the SEBI riskometer and belongs to the Large & MidCap category.
Which fund house manages HDFC Large & Mid Cap Fund?
HDFC Large & Mid Cap Fund is managed by HDFC Mutual Fund, which runs 85 schemes with ₹9,61,940 Cr under management.