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HDFC Large & Mid Cap Fund

Large & MidCapVery HighOPEN-ENDED
Invest Now
NAV as on 9 Nov 2026
₹346.57+0.45%1 day
Return since launch
12.8%
52-week range
₹299.39 — ₹355.33
AUM
₹28,543 Cr

HDFC Large & Mid Cap Fund is a Large & MidCap equity fund from HDFC Mutual Fund with ₹28,543 Cr under management, launched in 1994. Over three years it has returned 5.1% a year, against 13.5% for its category. The expense ratio is 1.61% 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
1Y4.0%+1.6 pts2.4%4.3%
2Y4.0%−2.0 pts6.0%3.5%
3Y5.1%−8.4 pts13.5%5.0%
5Y11.8%+0.9 pts10.9%10.5%
7Y16.1%+1.2 pts14.9%13.8%
10Y15.3%+1.8 pts13.5%13.4%

Fund against category

1Y
Fund4.0%
Category2.4%
3Y
Fund5.1%
Category13.5%
5Y
Fund11.8%
Category10.9%

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

1.61%

Expense ratio as on 4 Nov 2026

Charged yearly and already deducted from the NAV.

Base expense
1.36%
Brokerage
0.00%
Transaction charges
0.00%
Statutory levies
0.25%
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
Alpha1.396.58Return earned above what the benchmark alone would have given. Higher is better.
Beta1.071.07How hard the fund moves when the market moves. Under 1 is steadier than the market.
Sharpe0.390.63Return earned for each unit of total risk taken. Higher is better.
Sortino0.510.83Return earned for each unit of downside risk. Higher is better.
Std. deviation16.5318.21How 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 30 Sep 2026

Asset allocation

  • Equity99.1%
  • Other0.9%

Market cap split

  • Large44.0%
  • Mid39.0%
  • Small17.0%
P/E
21.45
P/B
2.76

Top holdings

HoldingSectorWeightValue3M chg6M chg1Y chg
ICICI Bank Ltd.Financial3.66%₹1,044 Cr+3.71%+3.29%+3.45%
HDFC Bank Ltd.Financial3.64%₹1,039 Cr+4.00%+4.24%+4.82%
Axis Bank Ltd.Financial1.95%₹558 Cr+1.95%+1.95%+1.78%
Bharti Airtel Ltd.Communication1.79%₹511 Cr+1.84%+2.05%+1.99%
Gland Pharma Ltd.Healthcare1.42%₹406 Cr+1.19%+0.94%+1.03%
Reliance Industries Ltd.Energy1.42%₹407 Cr+1.51%+1.02%+0.97%
State Bank of IndiaFinancial1.42%₹404 Cr+1.48%+1.63%+1.36%
Prestige Estates Projects Ltd.Construction1.30%₹370 Cr+1.34%+0.82%+1.03%
Fortis Healthcare Ltd.Healthcare1.28%₹364 Cr+1.55%+1.49%+1.70%
Aurobindo Pharma Ltd.Healthcare1.27%₹361 Cr+1.16%+1.12%+0.88%

Sectors

  • Financial27.3%
  • Healthcare14.3%
  • Automobile9.6%
  • Services8.1%
  • Technology6.5%
  • Energy6.4%
  • Capital Goods5.2%
  • Construction4.0%

Instruments

  • Repo0.7%
  • Real Estate Investment Trusts0.3%
  • Mutual Fund0.1%

Recent changes

HoldingFromToWeight
Others0.26%-0.11%-0.37%
HDFC Bank Ltd.3.43%3.64%+0.21%
PB Fintech Ltd.0.45%0.27%-0.18%
Fortis Healthcare Ltd.1.42%1.28%-0.14%
ICICI Bank Ltd.3.79%3.66%-0.13%
Sterlite Technologies Ltd.0.40%0.51%+0.11%
L&T Finance Ltd.0.79%0.69%-0.10%
Max Financial Services Ltd.1.35%1.25%-0.10%
Redington Ltd.0.46%0.56%+0.10%
GE Vernova T&D India Ltd0.00%0.10%+0.10%
Gland Pharma Ltd.1.33%1.42%+0.09%
Mahindra & Mahindra Financial Services Ltd.1.21%1.12%-0.09%
Infosys Ltd.1.12%1.04%-0.08%
Maruti Suzuki India Ltd.1.31%1.23%-0.08%
Bandhan Bank Ltd.0.50%0.58%+0.08%
Indusind Bank Ltd.1.26%1.19%-0.07%
Kotak Mahindra Bank Ltd.1.16%1.23%+0.07%
Mphasis Ltd.1.23%1.16%-0.07%
Ajanta Pharma Ltd.1.07%1.14%+0.07%
Shriram Finance Ltd1.18%1.11%-0.07%
Coforge Ltd.0.91%0.85%-0.06%
Tata Consultancy Services Ltd.0.66%0.60%-0.06%
Aurobindo Pharma Ltd.1.22%1.27%+0.05%
Bharti Airtel Ltd.1.74%1.79%+0.05%
Prestige Estates Projects Ltd.1.35%1.30%-0.05%
State Bank of India1.47%1.42%-0.05%
ICICI Lombard General Insurance Company Ltd.0.37%0.42%+0.05%
Eicher Motors Ltd.0.91%0.87%-0.04%
NTPC Ltd.0.75%0.79%+0.04%
Oracle Financial Services Software Ltd.0.40%0.36%-0.04%
Suzlon Energy Ltd.0.33%0.29%-0.04%
The Federal Bank Ltd.0.61%0.57%-0.04%
Carborundum Universal Ltd.0.22%0.26%+0.04%
Blue Star Ltd.0.40%0.44%+0.04%
Sona BLW Precision Forgings Ltd.0.44%0.48%+0.04%
Wockhardt Ltd.0.20%0.24%+0.04%
Ashok Leyland Ltd.0.58%0.54%-0.04%
LIC Housing Finance Ltd.0.80%0.84%+0.04%
The Indian Hotels Company Ltd.0.81%0.85%+0.04%
Eternal Ltd.1.12%1.16%+0.04%
Bajaj Finance Ltd.0.89%0.86%-0.03%
Dilip Buildcon Ltd.0.36%0.39%+0.03%
Divi's Laboratories Ltd.0.76%0.79%+0.03%
Max Healthcare Institute Ltd.0.52%0.49%-0.03%
Solar Industries India Ltd.0.74%0.77%+0.03%
Swiggy Ltd.0.45%0.42%-0.03%
Tata Steel Ltd.0.53%0.56%+0.03%
The Phoenix Mills Ltd.0.31%0.34%+0.03%
Dr. Reddy's Laboratories Ltd.0.19%0.22%+0.03%
STL Networks Ltd.0.03%0.06%+0.03%
Whirlpool Of India Ltd.0.14%0.17%+0.03%
Cholamandalam Investment and Finance Company Ltd.0.43%0.40%-0.03%
ITC Ltd.0.32%0.35%+0.03%
Alkem Laboratories Ltd.0.79%0.82%+0.03%
Bharat Forge Ltd.0.94%0.91%-0.03%
Escorts Kubota Ltd.0.82%0.79%-0.03%
Ipca Laboratories Ltd.0.92%0.95%+0.03%
Avalon Technologies Ltd.0.70%0.72%+0.02%
Balkrishna Industries Ltd.0.85%0.83%-0.02%
Computer Age Management Services Ltd.0.14%0.12%-0.02%
FSN E-Commerce Ventures Ltd.0.62%0.60%-0.02%
Havells India Ltd.0.17%0.15%-0.02%
Hindustan Aeronautics Ltd.0.63%0.65%+0.02%
Hindustan Petroleum Corporation Ltd.0.88%0.90%+0.02%
ICICI Life Insurance Ltd.0.20%0.18%-0.02%
Indraprastha Gas Ltd.0.42%0.44%+0.02%
Larsen & Toubro Ltd.0.98%0.96%-0.02%
Mahindra & Mahindra Ltd.0.39%0.37%-0.02%
PNB Housing Finance Ltd.0.47%0.49%+0.02%
Powerica Ltd.0.12%0.14%+0.02%
Reliance Industries Ltd.1.44%1.42%-0.02%
Rubicon Research Ltd.0.27%0.25%-0.02%
SRF Ltd.0.52%0.54%+0.02%
Sai Life Sciences Ltd.0.21%0.23%+0.02%
Sun Pharmaceutical Industries Ltd.0.73%0.71%-0.02%
Tata Motors Ltd.0.40%0.38%-0.02%
Timken India Ltd.0.42%0.44%+0.02%
UTI Asset Management Company Ltd.0.15%0.17%+0.02%
Voltas Ltd.0.42%0.44%+0.02%
Sun TV Network Ltd.0.05%0.07%+0.02%
Crompton Greaves Consumer Electricals Ltd.0.24%0.22%-0.02%
Emami Ltd.0.19%0.21%+0.02%
Godrej Properties Ltd.0.15%0.13%-0.02%
OCCL Ltd.0.07%0.09%+0.02%
Zee Entertainment Enterprises Ltd.0.16%0.14%-0.02%
Biocon Ltd.0.41%0.39%-0.02%
Dabur India Ltd.0.28%0.30%+0.02%
Delhivery Ltd.0.35%0.33%-0.02%
Power Grid Corporation Of India Ltd.0.33%0.35%+0.02%
Indian Bank0.57%0.55%-0.02%
360 One Wam Ltd.0.14%0.13%-0.01%
AU Small Finance Bank Ltd.0.70%0.69%-0.01%
Adani Energy Solutions Ltd.0.70%0.69%-0.01%
Ambuja Cements Ltd.0.66%0.65%-0.01%
Asian Paints Ltd.0.26%0.25%-0.01%
Aster DM Quality Care Ltd.0.56%0.55%-0.01%
Avenue Supermarts Ltd.0.26%0.27%+0.01%
Bank Of Baroda0.39%0.40%+0.01%
Bharat Petroleum Corporation Ltd.0.39%0.38%-0.01%
Brigade Enterprises Ltd.0.07%0.06%-0.01%
CIE Automotive India Ltd.0.21%0.22%+0.01%
Cohance Lifesciences Ltd.0.19%0.20%+0.01%
Container Corporation Of India Ltd.0.10%0.09%-0.01%
Deepak Nitrite Ltd.0.10%0.09%-0.01%
Diamond Power Infrastructure Ltd.0.18%0.19%+0.01%
Endurance Technologies Ltd.0.38%0.37%-0.01%
GAIL (India) Ltd.0.27%0.28%+0.01%
Godfrey Phillips India Ltd.0.30%0.29%-0.01%
Hero Motocorp Ltd.0.43%0.44%+0.01%
Hindalco Industries Ltd.0.80%0.79%-0.01%
Hindustan Unilever Ltd.0.48%0.49%+0.01%
Interglobe Aviation Ltd.0.84%0.85%+0.01%
Jindal Steel Ltd.0.75%0.76%+0.01%
Kaynes Technology India Ltd.0.71%0.72%+0.01%
Kei Industries Ltd.0.07%0.06%-0.01%
L&T Technology Services Ltd.0.10%0.09%-0.01%
LTM Limited0.19%0.18%-0.01%
Lupin Ltd.1.01%1.00%-0.01%
Medi Assist Healthcare Services Ltd.0.16%0.15%-0.01%
Motilal Oswal Financial Services Ltd.0.64%0.65%+0.01%
NHPC Ltd.0.25%0.26%+0.01%
Navin Fluorine International Ltd.0.39%0.40%+0.01%
Nippon Life India Asset Management Ltd.0.16%0.15%-0.01%
Nuvoco Vistas Corporation Ltd.0.12%0.13%+0.01%
Oil And Natural Gas Corporation Ltd.0.27%0.28%+0.01%
Oil India Ltd.0.28%0.27%-0.01%
One 97 Communications Ltd.0.12%0.13%+0.01%
Page Industries Ltd.0.15%0.16%+0.01%
Paradeep Phosphates Ltd.0.48%0.49%+0.01%
Power Finance Corporation Ltd.0.39%0.40%+0.01%
SBI Cards And Payment Services Ltd.0.20%0.19%-0.01%
SBI Life Insurance Company Ltd.0.55%0.56%+0.01%
Samvardhana Motherson International Ltd.0.18%0.19%+0.01%
Steel Authority Of India Ltd.0.56%0.55%-0.01%
Tata Chemicals Ltd.0.18%0.19%+0.01%
Tata Communications Ltd.0.42%0.43%+0.01%
Tata Consumer Products Ltd.0.42%0.41%-0.01%
Tata Motors Passenger Vehicles Ltd.0.27%0.26%-0.01%
Trent Ltd.0.51%0.50%-0.01%
UPL Ltd.0.25%0.26%+0.01%
Ultratech Cement Ltd.0.27%0.28%+0.01%
United Spirits Ltd.0.25%0.24%-0.01%
Vodafone Idea Ltd.0.25%0.24%-0.01%
Zydus Lifesciences Ltd.0.13%0.14%+0.01%
Nazara Technologies Ltd.0.04%0.05%+0.01%
Delta Corp Ltd.0.01%0.02%+0.01%
Bajaj Housing Finance Ltd.0.05%0.06%+0.01%
PVR Inox Ltd.0.10%0.11%+0.01%
Sapphire Foods India Ltd.0.06%0.05%-0.01%
Syngene International Ltd.0.08%0.07%-0.01%
United Breweries Ltd.0.08%0.07%-0.01%
AIA Engineering Ltd.0.24%0.23%-0.01%
Aarti Industries Ltd.0.18%0.17%-0.01%
Jubilant FoodWorks Ltd.0.21%0.20%-0.01%
NLC India Ltd.0.17%0.18%+0.01%
Tube Investments Of India Ltd.0.15%0.14%-0.01%
Union Bank of India0.21%0.20%-0.01%
Apollo Tyres Ltd.0.41%0.40%-0.01%
Embassy Office Parks REIT0.34%0.35%+0.01%
Eris Lifesciences Ltd.0.29%0.28%-0.01%
Five-Star Business Finance Ltd.0.46%0.47%+0.01%
Vishal Mega Mart Ltd.0.35%0.34%-0.01%
Torrent Pharmaceuticals Ltd.0.56%0.57%+0.01%
Latent View Analytics Ltd.0.00%0.00%0.00%
TCI Express Ltd.0.00%0.00%0.00%
Atul Ltd.0.00%0.00%0.00%
ACC Ltd.0.17%0.17%0.00%
AG Ventures Ltd.0.01%0.01%0.00%
Aarti Pharmalabs Ltd.0.02%0.02%0.00%
Aditya Birla Capital Ltd.0.50%0.50%0.00%
Archean Chemical Industries Ltd.0.07%0.07%0.00%
Arvind Ltd.0.06%0.06%0.00%
Axis Bank Ltd.1.95%1.95%0.00%
BSE Ltd.0.30%0.30%0.00%
Bank of India0.17%0.17%0.00%
Bata India Ltd.0.08%0.08%0.00%
Bharat Electronics Ltd.0.68%0.68%0.00%
Bharat Heavy Electricals Ltd.0.18%0.18%0.00%
Billionbrains Garage Ventures Ltd.0.04%0.04%0.00%
Blue Dart Express Ltd.0.16%0.16%0.00%
Bosch Ltd.0.50%0.50%0.00%
Brainbees Solutions Ltd.0.07%0.07%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 Financial Holdings Ltd.0.14%0.14%0.00%
Cipla Ltd.0.45%0.45%0.00%
Clean Science And Technology Ltd.0.01%0.01%0.00%
Coromandel International Ltd.0.36%0.36%0.00%
Craftsman Automation Ltd.0.05%0.05%0.00%
CreditAccess Grameen Ltd.0.32%0.32%0.00%
DCX Systems Ltd.0.14%0.14%0.00%
Devyani International Ltd.0.20%0.20%0.00%
Dixon Technologies (India) Ltd.0.05%0.05%0.00%
Exide Industries Ltd.0.16%0.16%0.00%
Fusion Finance Ltd.0.03%0.03%0.00%
GSPL Transmission Ltd.0.02%0.02%0.00%
Glenmark Pharmaceuticals Ltd.0.86%0.86%0.00%
Godrej Consumer Products Ltd.0.01%0.01%0.00%
Gujarat Energy Ltd.0.08%0.08%0.00%
Gujarat Fluorochemicals Ltd.0.26%0.26%0.00%
HCL Technologies Ltd.0.84%0.84%0.00%
HDFC BSE Sensex ETF0.12%0.12%0.00%
HDFC Life Insurance Co Ltd.0.22%0.22%0.00%
Hexaware Technologies Ltd.0.06%0.06%0.00%
Hyundai Motor India Ltd.0.38%0.38%0.00%
ICICI Prudential Asset Management Company Ltd.0.02%0.02%0.00%
IDFC First Bank Ltd.0.60%0.60%0.00%
IIFL Finance Ltd.0.15%0.15%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%
Indigo Paints Ltd.0.02%0.02%0.00%
Info Edge (India) Ltd.0.20%0.20%0.00%
JK Cement Ltd.0.07%0.07%0.00%
JSW Energy Ltd.0.17%0.17%0.00%
JSW Infrastructure Ltd.0.05%0.05%0.00%
KEC International Ltd.0.07%0.07%0.00%
Kajaria Ceramics Ltd.0.14%0.14%0.00%
Kwality Wall's (India) Ltd.0.01%0.01%0.00%
LG Balakrishnan & Bros Ltd.0.05%0.05%0.00%
Life Insurance Corporation of India0.07%0.07%0.00%
Lodha Developers Ltd.0.12%0.12%0.00%
Lumino Industries Ltd.0.02%0.02%0.00%
Motherson Sumi Wiring India Ltd.0.04%0.04%0.00%
NBCC (India) Ltd.0.05%0.05%0.00%
Oberoi Realty Ltd.0.29%0.29%0.00%
PI Industries Ltd.0.16%0.16%0.00%
Persistent Systems Ltd.0.73%0.73%0.00%
REC Ltd.0.14%0.14%0.00%
Star Health and Allied Insurance Company Ltd.0.11%0.11%0.00%
Sterling and Wilson Renewable Energy Ltd.0.05%0.05%0.00%
Sula Vineyards Ltd.0.04%0.04%0.00%
Sundram Fasteners Ltd.0.07%0.07%0.00%
Supreme Industries Ltd.0.19%0.19%0.00%
TVS Motor Company Ltd.0.17%0.17%0.00%
Tech Mahindra Ltd.0.43%0.43%0.00%
Tenneco Clean Air India Ltd0.04%0.04%0.00%
Titagarh Rail Systems Ltd.0.16%0.16%0.00%
Titan Company Ltd.0.03%0.03%0.00%
Waaree Energies Ltd.0.08%0.08%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₹12,985 Cr2.05%11.5%10.6%16.1%
Bandhan Large & Mid Cap Fund₹20,650 Cr2.25%5.6%7.9%14.9%
Motilal Oswal Large and Midcap Fund₹19,832 Cr1.79%13.3%12.3%18.5%
Invesco India Large & Mid Cap Fund₹12,439 Cr1.85%20.3%14.9%18.9%
UTI Large & Mid Cap Fund₹6,220 Cr1.96%4.1%6.7%13.1%
HSBC Large and Mid Cap Fund₹5,784 Cr2.40%14.4%11.2%15.2%
See all Large and Mid Cap funds

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 months3.20% absolute₹60,000₹61,9203.20%
1 year−0.47% annualised₹1,20,000₹1,19,695−0.25%
3 years12.27% annualised₹3,60,000₹4,36,97821.38%
5 years11.95% annualised₹6,00,000₹8,23,72637.29%

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 ₹346.57 as on 9 Nov 2026.
What is the expense ratio of HDFC Large & Mid Cap Fund?
The expense ratio of HDFC Large & Mid Cap Fund is 1.61% 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 4.0% over 1 year, 5.1% over 3 years and 11.8% 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 86 schemes with ₹9,96,954 Cr under management.