December 26, 2025
RA Jainee
SBI Large & Midcap Fund
| Fund at a Glance | |
| NAV Growth | Rs 704.42 |
| NAV Bonus | — |
| NAV IDCW | Rs 367.16 |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 12 |
| Benchmark | NIFTY Large Midcap 250 TRI |
| AUM Rs. | 37,045 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.73% |
| 1 Year Return (%) | 10.60 |
| 3 Year Return (%) | 19.80 |
| 5 Year Return (%) | 20.98 |
| 10 Year Return (%) | 15.96 |
| Return Since Launch | 17.26% |
⚖️ Sahifund Review – SBI Large & Midcap Fund
PLUS: Stability | Track Record | Cost Efficiency
SBI Large & Midcap Fund has shown consistent long-term performance, delivering ~20–21% CAGR over 5 years and comfortably beating its benchmark across cycles. Its balanced allocation between large and midcaps offers a blend of stability and growth, helping smoothen volatility. The fund benefits from experienced management and SBI AMC’s robust research platform. With an expense ratio of 0.73%, costs are reasonable for an actively managed hybrid market-cap strategy. A well-diversified portfolio (80+ stocks) limits single-stock risk.
MINUS: Large AUM | Partial Large-Cap Bias | Momentum Lag
A large AUM of ~Rs. 37,000 crore can restrict agility in sharp market moves. Despite the midcap exposure, the portfolio still carries a meaningful large-cap tilt, which may cap upside during strong midcap rallies. Returns can lag more aggressive peers in momentum-driven phases, requiring patience.
Sahifund View (Decisive Line):
A solid core fund for 5+ year SIP investors seeking a balanced large–midcap approach, best suited for steady compounding rather than chasing short-term momentum.
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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 provide the investor with the opportunity of long-term capital appreciation by investing in diversified portfolio comprising predominantly large cap and mid cap companies.
Fund Manager:
1) Saurabh Pant
Education: Mr. Pant is a B.Com (H), MBE and CFA (Level III).
Experience: He has been associated with SBI Mutual Fund since 2007.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 1,000 |
| Lock-in Period | NA |
| Exit Load | 0.1% for redemption within 30 days |
Basic Details of SBI Large & Midcap Fund
| Fund House | SBI Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 17.26% |
| Benchmark | NIFTY Large Midcap 250 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | ₹ 37,045 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.73% |
| (As on 30-Nov-2025) | |
| Risk Grade | Low |
| Return Grade | Average |
| Turnover | 26.00% |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| SBI Large & Midcap Dir | 10.37 | -0.32 | 0.73 | 3.60 | 6.70 | 10.60 | 19.80 | 20.98 | 18.37 | 15.96 |
| BSE Large Mid Cap TRI | 8.83 | -0.19 | 0.80 | 3.48 | 4.35 | 8.62 | 16.71 | 17.19 | 15.64 | 14.66 |
| Equity: Large & MidCap | 3.61 | -0.27 | 0.50 | 2.47 | 2.81 | 3.55 | 20.23 | 20.12 | 18.10 | 16.05 |
| Rank within category | 2 | 43 | 27 | 16 | 2 | 2 | 17 | 7 | 12 | 11 |
| Number of funds in category | 54 | 64 | 64 | 64 | 60 | 54 | 36 | 26 | 21 | 18 |
Peer Comparison of SBI Large & Midcap 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 (%) | |
| SBI Large & Midcap Dir | 4 star | 10.60 | 19.80 | 20.98 | 0.73 | 37,045 | 17.26 | 0.10 (30) | 12Y 11M | 26.00 |
| HDFC Large and Mid Cap Dir | 4 star | 6.98 | 22.59 | 23.21 | 0.84 | 28,892 | 14.02 | 1.00 (365) | 12Y 11M | 3.47 |
| ICICI Pru Large & Mid Cap Dir | 5 star | 13.98 | 23.04 | 24.30 | 0.77 | 26,939 | 16.87 | 1.00 (30) | 12Y 11M | 56.00 |
| Motilal Oswal Large and Midcap Dir | 5 star | -2.49 | 27.94 | 25.03 | 0.69 | 15,146 | 23.46 | 1.00 (365) | 6Y 2M | 36.00 |
| Bandhan Large & Mid Cap Dir | 5 star | 8.87 | 26.20 | 23.76 | 0.56 | 12,784 | 16.34 | 1.00 (365) | 12Y 11M | 123.00 |
Portfolio Analysis of SBI Large & Midcap Fund
| No. of Stocks | 84 |
| Top 10 Stocks | 30.84% |
| Top 5 Stocks | 18.40% |
| Top 3 Sectors | 51.08% |
| Portfolio P/B Ratio | 3.49 |
| Portfolio P/E Ratio | 25.60 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,22,622 | 1,88,108 |
| Giant (%) | 32.15 | 48.68 |
| Large (%) | 25.47 | 29.22 |
| Mid (%) | 39.04 | 20.54 |
| Small (%) | 3.34 | 4.38 |
| Tiny (%) | 0.00 | 0.08 |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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