Edelweiss Large & Mid Cap Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Edelweiss Large & Mid Cap Fund Direct Growth Plan has a current NAV of ₹105.995 as of 17 Sep 2026 and a scheme AUM of ₹4,942 Cr. Its 1-year, 3-year and 5-year returns are 1.94%, 13.24% and 12.55% respectively, and the scheme sits in the High Risk category.

Our view is that this is a large-and-mid-cap equity fund with a mixed recent record but a steadier longer-term pattern. The portfolio is fairly spread out across 81 holdings, yet the top names still matter, so the fund may suit investors who can stay invested through uneven shorter-term phases.

Quick facts

Particular	Details
NAV	₹105.995 as of 17 Sep 2026
AUM	₹4,942 Cr
Expense Ratio	0.42%
Launch Date	01 Jan 2013
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty Mid Cap
Fund Category	Equity
Exit Load	1% on or before 90D, Nil after 90D
Fund Managers	Sumanta Khan, Trideep Bhattacharya, Ashish Sood

The fund is managed by Sumanta Khan, Trideep Bhattacharya, and Ashish Sood.

Source data date: as of 17 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-3.34%	-3.66%
3M	-0.04%	-3.71%
1Y	1.94%	-7.13%
3Y	13.24%	5.82%
5Y	12.55%	5.72%

The recent picture is softer than the longer-term one. Over 1 month and 3 months, the fund has been close to flat to negative, which tells us the run-up in this part of the market has not translated into smooth gains for the scheme. That is consistent with an equity fund that can move around materially in the short run.

The 1-year return is still positive at 1.94%, while the benchmark is negative at -7.13% over the same period. That means the fund has held up better than the benchmark through a difficult year, even if the absolute return is modest. The gap matters because it shows relative resilience rather than strong absolute momentum.

Over 3 years and 5 years, the fund’s returns of 13.24% and 12.55% are well ahead of the benchmark’s 5.82% and 5.72%. That longer-run pattern is more constructive than the latest year alone suggests. Our read is that the fund has rewarded patient investors better than the benchmark over full market cycles, but the path has not been linear.

For investors, the key point is that short-term volatility has been noticeable, but the longer runway has still produced a firmer compounding profile. The fund therefore looks better assessed over multi-year horizons than over brief periods.

Source data date: as of 17 Sep 2026

Should you BUY or HOLD Edelweiss Large & Mid Cap?

A fund's past returns alone don't tell you whether you should buy it today or continue holding it.

The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.

Already holding Edelweiss Large & Mid Cap? Thinking of investing now?

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Peer comparison

Fund	1Y return	3Y return	5Y return
Edelweiss Large & Mid Cap Fund Direct Growth Plan	1.94%	13.24%	12.55%
Quant Large & Mid Cap Fund Direct Growth Plan	7.52%	13.52%	15.17%
HSBC Large & Mid Cap Fund Direct Growth Plan	7.21%	16.82%	13.91%
Sundaram Large and Mid Cap Fund Direct Growth Plan	6.45%	13.51%	11.52%
Motilal Oswal Large & Midcap Fund Direct Growth Plan	6.16%	21.07%	18%
Bank of India Large & Mid Cap Fund Direct Growth Plan	5.73%	12.75%	11.41%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

On 1-year returns, this fund trails every peer listed here, while the stronger peer numbers suggest the short-term phase has been more favourable elsewhere. Even so, the fund’s 3-year return of 13.24% is competitive with several peers, though it sits behind HSBC Large & Mid Cap Fund Direct Growth Plan and Motilal Oswal Large & Midcap Fund Direct Growth Plan on the same measure.

The 5-year picture is more balanced but still not the strongest in this set. The fund is ahead of Sundaram Large and Mid Cap Fund Direct Growth Plan and Bank of India Large & Mid Cap Fund Direct Growth Plan on 5-year return, but behind Quant Large & Mid Cap Fund Direct Growth Plan, HSBC Large & Mid Cap Fund Direct Growth Plan and Motilal Oswal Large & Midcap Fund Direct Growth Plan. That creates a split story: respectable medium-term compounding, but not the most forceful recent or long-horizon outcome among these peers.

Source data date: as of 17 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
HDFC Bank Ltd.	Bank	4.46%
Ather Energy Ltd.	Domestic Equities	2.80%
Bharat Heavy Electricals Ltd.	Capital Goods	2.55%
Multi Commodity Exchange of India Ltd.	Finance	2.32%
Clearing Corporation of India Ltd.	Cash & Cash Equivalents and Net Assets	2.18%
The Federal Bank Ltd.	Bank	2.17%
State Bank of India	Bank	2.10%
Ashok Leyland Ltd.	Automobile & Ancillaries	1.93%
Larsen & Toubro Ltd.	Infrastructure	1.93%
The Phoenix Mills Ltd.	Realty	1.93%

The largest holding, HDFC Bank Ltd., is 4.46%, which is large enough to matter but not so dominant that a single position drives the portfolio on its own. The drop from the largest holding to the tenth is only 2.53 percentage points, so the top slice is fairly close-knit rather than sharply top-heavy.

The top 10 holdings together account for 24.37% of the portfolio, which suggests meaningful stock-specific exposure but also a long tail beyond the biggest names. With 81 disclosed holdings in total, the fund appears spread across many positions, yet the leading holdings still may influence returns more than the smaller tail. That balance can help reduce dependence on one stock, while still leaving enough concentration for active views to matter.

Overall, the disclosed holdings pattern looks moderately diversified rather than highly concentrated. The presence of banks, capital goods, finance, infrastructure and realty among the larger positions also shows that the portfolio is not narrowly tied to one industry theme.

To see all holdings, visit the Edelweiss Large & Mid Cap Fund Direct Growth Plan page

Source data date: as of 17 Sep 2026

Who should invest

This fund is better suited to investors who are comfortable with High Risk equity exposure and who can stay invested for several years. The return pattern shows that shorter periods can be uneven, while the 3-year and 5-year numbers are much stronger than the 1-year figure, so patience matters.

Its benchmark comparison also points to a fund that has handled a difficult year better than the benchmark, while still delivering stronger medium-term compounding. That makes it more appropriate for investors who want large-and-mid-cap equity exposure and can accept a bumpy ride in exchange for the chance of better multi-year outcomes. The trade-off is straightforward: more volatility in the near term for a longer-run return profile that has been healthier than the benchmark.

Tax and exit load

Holding period	Tax rate	Description
Units held less than 1 year	20%	Short-term capital gains tax
Units held more than 1 year	12.5%	Long-term capital gains tax

Exit load: 1% on or before 90D, Nil after 90D.

Source data date: as of 17 Sep 2026

Frequently asked questions

What is the current NAV of Edelweiss Large & Mid Cap Fund Direct Growth Plan?
The current NAV is ₹105.995 as of 17 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 1.94% for 1 year, 13.24% for 3 years and 12.55% for 5 years.

How has the fund performed against its benchmark?
It has beaten the benchmark over 1 year, 3 years and 5 years. The benchmark return is -7.13% for 1 year, 5.82% for 3 years and 5.72% for 5 years.

How does it compare with the peer funds listed here?
Its 1-year return is lower than the peer returns shown here, while its 3-year and 5-year numbers are mixed: competitive with some peers, but behind the stronger names on longer horizons.

Is there a minimum SIP requirement?
Yes, the minimum SIP amount is ₹100.

What are the risk, portfolio and exit-load features?
The fund is classified as High Risk. Its top holding is HDFC Bank Ltd. at 4.46%, and the exit load is 1% on or before 90 days, with nil after 90 days.

Bottom line

Edelweiss Large & Mid Cap Fund Direct Growth Plan has a softer near-term showing than its longer-term record, but the 3-year and 5-year returns still point to steadier compounding than the benchmark. Against peers, the 1-year number is weaker, while the medium- and long-term picture is more mixed and respectable rather than leading. The High Risk profile and the broad 81-holding portfolio mean the fund may appeal more to investors who can accept volatility and focus on multi-year outcomes rather than short bursts of performance.

Published on 18 September 2026 at 3:28 PM IST

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RIA disclosure

Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.