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NS Wealth Research
ICICI Prudential Large & Mid Cap Fund
NSW RANK – 2
For April 2026
Category : Large & Mid Cap Equity Scheme
Who should Invest?
ICICI Prudential Large & Mid Cap fund is the oldest scheme in its category. The fund is well-suited for investors who are worried about market volatility. The fund’s management team is known for its ability to protect capital during market downturns. The fund follows a top-down approach to investing, shifting money between sectors before they become popular. Unlike other schemes in the category, the ICICI Prudential Large & Mid Cap fund follows a more disciplined & conservative approach, and the portfolio leans more towards large caps than other schemes in its category.
Available Options:
Growth, IDCW (Income Distribution cum Capital Withdrawal) , IDCW Reinvestment:
Latest Returns:
| 1 Year | 3 Year | 5 Year |
|---|---|---|
| 4% | 22% | 22% |
Portfolio Details
As on 31-March-2026
| Top Sector Holdings | Details |
|---|---|
| Financials | 27.91% |
| Consumer Discretionary | 21.36% |
| Industrials | 12.97% |
| Technology | 8.98% |
| Consumer Staples | 6.88% |
| Materials | 6.23% |
| Healthcare | 4.66% |
| Energy & Utilties | 3.99% |
| Real Estate | 3.03% |
| Portfolio Concentration | Details |
|---|---|
| No. of Stocks | 86 |
| Top 10 Stocks | 32.83% |
| Top 5 Stocks | 18.27% |
| Top 3 Sectors | 62% |
| Portfolio P/B Ratio | 3.22 |
| Portfolio P/E Ratio | 22.78 |
| Top Stock Holdings | Details |
|---|---|
| SBI Cards | 4.58% |
| Bajaj Finserv | 3.53% |
| Page Industries | 3.48% |
| HDFC Bank | 3.43% |
| Axis Bank | 3.24% |
| Interglobe Aviation | 3.91% |
| FSN E-commerce | 2.99% |
| Indusind Bank | 2.89% |
| Sona BLW Precision | 2.61% |
FAQ or Frequently Asked Questions
Is it good to invest in the ICICI Prudential Large & Mid Cap Fund?
Whether the fund is good or bad depends on the investor’s time horizon. The fund is not advisable for investors seeking a 1-3-year investment term. Best suited for investors seeking to achieve financial goals over a 5- to 10-year horizon. The fund is best suited for a conservative equity investor who becomes confused by market volatility. Because of the fund’s large-cap-leaning strategy and focus on capital protection, expect a more conservative return profile, though better than an average large-cap index like the Nifty 50.
Can one invest in the ICICI Prudential Large & Mid Cap Fund through a Direct plan?
Yes, one can invest in the ICICI Prudential Large & Mid Cap Fund through a Direct plan. The scheme offers both the Direct and Regular Plan. As a Certified Investment Advisor, NS Wealth offers only fee-based mutual fund advisory services, so we consider only direct plans for advisory purposes.
What are the key risks associated with investing in the ICICI Prudential Large & Mid Cap Fund?
Like any other equity scheme, investing in the ICICI Prudential Large & Mid Cap Fund has a few risks that are common to any other equity scheme. These are the common, inherent risks associated with investing in the Indian equity market, such as market volatility stemming from macroeconomic trends, geopolitical issues, or government policy changes. As the fund follows a more top-down approach to portfolio construction, certain unforeseen events, regulatory changes, and other factors in a particular sector can affect the scheme’s returns. Unlike other schemes in its category, the fund follows a more conservative approach, and the portfolio generally leans towards large caps.
Who is the fund manager of the ICICI Prudential Large Cap Scheme?
The lead fund manager of the ICICI Prudential Large & Mid Cap scheme currently is Mr. Ihab Dalwai, who has been managing the fund since 2022 and is more known for this balanced investment style. On the other hand, the co-managers of the fund are Sharmila D’ Silva and Manish Banthia.
How does ICICI Prudential Large & Mid Cap Fund’s expense ratio compare to its peers?
According to the latest NS Wealth research, the expense ratio of ICICI Prudential Large & Mid Cap is a bit higher than the category average. Currently, the expense ratios are 0.84% for the Direct Plan and 1.76% for the Regular Plan.
Disclaimer
The Information in the ranking model and scheme information details is provided solely for general information and educational purposes and shall not constitute any advice or recommendation. Mutual Fund investments are subject to market risks. Please read all scheme-related documents carefully before investing. Past performance is not an indicator of future returns.
Other Rankings: Large Cap | Midcap | Multicap | Large & Mid Cap | Flexicap | Multi Asset Allocation | Aggressive Hybird | Conservative Hybrid | Arbitrage | ELSS | Gilt
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