December 27, 2025
RA Jainee
ICICI Prudential Large & Mid Cap Fund
| Fund at a Glance | |
| NAV Growth | Rs 1,169.92 |
| NAV Bonus | — |
| NAV IDCW | Rs 54.66 |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY Large Midcap 250 TRI |
| AUM Rs. | 26,939 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.77% |
| 1 Year Return (%) | 13.93 |
| 3 Year Return (%) | 22.41 |
| 5 Year Return (%) | 24.22 |
| 10 Year Return (%) | 17.19 |
| Return Since Launch | 16.84% |
⚖️ Sahifund Review – ICICI Prudential Large & Mid Cap Fund
PLUS: Stability | Track Record | Cost Efficiency
ICICI Prudential Large & Mid Cap Fund has emerged as a category leader, delivering strong and consistent outperformance with ~24% CAGR over 5 years and top ranks across time frames. Its well-balanced allocation between large and midcaps provides both stability and growth, helping the fund perform across market cycles. Backed by ICICI Prudential AMC’s strong investment process and an experienced fund manager, the portfolio is well-diversified with ~95 stocks. The expense ratio of 0.77% is reasonable for an actively managed large–midcap strategy.
MINUS: Large AUM | Active Churn | Momentum Sensitivity
With an AUM close to Rs. 27,000 crore, agility can be tested in volatile phases. Higher portfolio turnover indicates active churn, which may lead to short-term volatility. During extreme momentum-led rallies, performance may fluctuate as the fund sticks to its disciplined valuation framework.
Sahifund View (Decisive Line):
An excellent core large & midcap fund for 5+ year SIP investors seeking a blend of stability, consistency and superior risk-adjusted returns rather than short-term excitement.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.
This fund invests in a combination of large- and medium-sized companies, providing reasonable degree of flexibility to the fund management team to invest in companies of different sizes, depending on where it expects maximum gains. We believe this flexibility is good for fund investors, but we suggest you also consider flexi-cap funds which offer complete freedom to fund managers to choose companies of different sizes.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of large-cap and mid-cap companies.
Fund Manager:
1) Ihab Dalwai
Education: Mr. Dalwai is a Chartered Accountant.
Experience: He is associated with ICICI Prudential AMC since April 2011.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 30 days |
Basic Details of ICICI Prudential Large & Mid Cap Fund
| Fund House | ICICI Prudential Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 16.84% |
| Benchmark | NIFTY Large Midcap 250 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 26,939 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.77% |
| (As on 30-Nov-2025) | |
| Risk Grade | Low |
| Return Grade | High |
| Turnover | 56.00% |
Trailing Returns (%) of ICICI Prudential Large & Mid Cap Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ICICI Pru Large & Mid Cap Dir | 14.34 | -0.21 | -0.96 | 4.46 | 4.14 | 13.93 | 22.41 | 24.22 | 19.93 | 17.19 |
| BSE Large Mid Cap TRI | 8.49 | -0.31 | -0.66 | 5.19 | 2.21 | 8.14 | 16.02 | 17.10 | 15.52 | 14.62 |
| Equity: Large & MidCap | 3.17 | -0.39 | -1.16 | 4.32 | 1.03 | 2.90 | 19.37 | 20.04 | 17.88 | 16.00 |
| Rank within category | 1 | 6 | 34 | 33 | 5 | 1 | 5 | 2 | 1 | 5 |
| Number of funds in category | 53 | 63 | 63 | 63 | 59 | 53 | 35 | 25 | 20 | 18 |
Peer Comparison of ICICI Prudential Large & Mid Cap Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| ICICI Pru Large & Mid Cap Dir | 5 star | 13.93 | 22.41 | 24.22 | 0.77 | 26,939 | 16.84 | 1.00 (30) | 12Y 11M | 56.00 |
| SBI Large & Midcap Dir | 4 star | 10.31 | 19.09 | 20.88 | 0.73 | 37,045 | 17.23 | 0.10 (30) | 12Y 11M | 26.00 |
| HDFC Large and Mid Cap Dir | 4 star | 6.42 | 21.62 | 23.09 | 0.84 | 28,892 | 13.98 | 1.00 (365) | 12Y 11M | 3.47 |
| Motilal Oswal Large and Midcap Dir | 5 star | -2.84 | 26.96 | 24.92 | 0.69 | 15,146 | 23.37 | 1.00 (365) | 6Y 2M | 36.00 |
| Bandhan Large & Mid Cap Dir | 5 star | 8.33 | 25.27 | 23.65 | 0.56 | 12,784 | 16.31 | 1.00 (365) | 12Y 11M | 123.00 |
Portfolio Analysis of ICICI Prudential Large & Mid Cap Fund
| No. of Stocks | 97 |
| Top 10 Stocks | 33.21% |
| Top 5 Stocks | 19.95% |
| Top 3 Sectors | 57.51% |
| Portfolio P/B Ratio | 3.61 |
| Portfolio P/E Ratio | 24.34 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,20,526 | 1,88,108 |
| Giant (%) | 40.15 | 48.68 |
| Large (%) | 17.24 | 29.22 |
| Mid (%) | 39.04 | 20.54 |
| Small (%) | 3.58 | 4.38 |
| Tiny (%) | — | 0.08 |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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