Top large & mid cap mutual funds in India
Ranked by 7-year rolling returns, downside risk, and consistency — not recent returns alone.
Fund Name
7yr Rolling Returns
Risk of Below FD Returns
Consistency Of Performance
Motilal Oswal Large And Midcap Fund
-
Very Low
Strong
6 years old
Mirae Asset Large & Midcap Fund
18%
Very Low
Good
16 years old
Kotak Large & Midcap Fund
17%
Low
Average
21 years old
Bandhan Large & Mid Cap Fund
17%
Medium
Good
21 years old
Quant Large & Mid Cap Fund
18%
Medium
Average
19 years old
All 32 large & mid cap funds are loaded — tap to expand
How these funds are ranked
Large & mid cap funds blend stability with growth potential. DrFin ranks them on rolling returns, downside risk, and consistency so you can find funds that deliver across market cycles.
7yr rolling returns
Average across all 7-year windows since Jan 2015 — not start-to-today
Below FD risk
% of 3-year periods where returns fell below a fixed deposit (7%)
Consistency
How often each fund ranked in the top half of its large & mid cap peers
Fund age
Older funds have more data across market cycles — more reliable signals
FAQs
What is a Large & Mid Cap fund?
Large & mid cap funds split their portfolio between the top 250 companies, blending the stability of large caps with the growth potential of mid caps.
How risky are Large & Mid Cap funds — how much can they fall?
Large & Mid Cap funds carry Medium risk.
Historically, the worst peak-to-trough fall in this category has been around 36%, with an average market correction fall of 22% (vs 22% for the benchmark). Recovery from major falls has taken around 22 months on average.
Investors holding Large & Mid Cap funds for 3 years earned less than FD returns in approximately 11% of periods. Longer holding periods significantly reduce this risk.
What returns can I realistically expect from Large & Mid Cap funds?
Across all rolling 5-year periods, Large & Mid Cap funds delivered:
•
Typical (average) return: 17% p.a.
•
Best historical outcome: 31% p.a.
•
Worst historical outcome: 1% p.a.
The probability of earning less than FD returns over a 3-year period has historically been 11%.
Recent trailing returns can be misleading — use the full range of historical rolling returns for a realistic picture.
How long should I stay invested in Large & Mid Cap funds?
The minimum recommended holding period for Large & Mid Cap funds is 5+ years.
Historically, the probability of earning less than FD returns decreased significantly with longer holding periods:
•
3 years: 11% chance of below-FD return
•
5 years: 7% chance of below-FD return
•
7 years: 0% chance of below-FD return
Investors who cannot commit to at least 5+ years should consider lower-risk alternatives.
How do I choose the best Large & Mid Cap fund?
The most common mistake: picking the fund with the highest 1- or 3-year return. Recent returns are heavily influenced by timing, not skill.
What to look for instead:
•
Rolling return consistency: how did the fund perform across all periods, not just the recent window?
•
Downside protection: how much does the fund fall during market corrections? Look at maximum drawdown and downside capture.
•
Benchmark consistency: what % of rolling periods did the fund beat its benchmark?
•
Expense ratio: for active funds, prefer below 1.5%; index funds typically charge 0.1–0.2%
•
AUM and track record: prefer funds with ₹500+ crore AUM and 7+ years of history
What to avoid:
•
Chasing the top-ranked fund from last year
•
Selecting based on star ratings alone — ratings lag and change
•
Ignoring the expense ratio in long-term compounding
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