Edelweiss NIFTY Large Mid Cap 250 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Edelweiss NIFTY Large Mid Cap 250 Index Fund Direct Growth Plan has a NAV of ₹16.8572 as of 16 Sep 2026 and an AUM of ₹354 Cr. Its 1-year, 3-year and 5-year returns are -1.35%, 10.7% and 0%, and the scheme sits in the High Risk bucket. Our view is that it suits investors who can live with sharp swings and want diversified equity exposure across large and mid-cap names rather than a narrow thematic bet.

The fund has been launched on 01 Dec 2021 and charges an expense ratio of 0.3%. With no exit load and a portfolio led by banks, financials and a few large private-sector businesses, the scheme looks like a market-linked equity allocation that may work better for a long holding period than for short trading-style commitments.

Quick facts

Particular	Details
NAV	₹16.8572 as of 16 Sep 2026
AUM	₹354 Cr
Expense Ratio	0.3%
Launch Date	01 Dec 2021
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Index Funds
Exit Load	No exit load
Fund Managers	Bhavesh Jain, Manasi Jalgaonkar

The fund is managed by Bhavesh Jain and Manasi Jalgaonkar.

Source data date: as of 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-4.6%	-4.41%
3M	-2.3%	-3.6%
1Y	-1.35%	-7.76%
3Y	10.7%	5.74%
5Y	Data not available	Data not available

The recent pattern is mixed. Over 1 month, the fund fell a little more than the benchmark, but over 3 months it held up better than the benchmark even though both were negative. That tells us the portfolio has not been moving in a straight line, and short-term volatility has remained visible.

The 1-year figure is useful because it shows the fund losing far less than the benchmark during a weak stretch. That relative cushion matters for an index fund, since it suggests the underlying basket did not mirror every downside move in the benchmark with the same intensity. Even so, a negative 1-year return still means the ride has not been smooth.

The 3-year return gives a better long-term picture. At 10.7%, the fund has compounded above the benchmark’s 5.74%, which points to a healthier medium-term outcome than the recent 1-year figure alone would suggest. The key takeaway is that the fund’s longer trend is stronger than its latest year, so investors should avoid judging it only on the most recent stretch.

We also note that the 5-year figure is not available in the current history because the fund was launched in 2021. That leaves the 3-year record as the most useful long-term anchor for now, and it indicates a phase of recovery and compounding after earlier swings.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD Edelweiss NIFTY Large Mid Cap 250 Index?

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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Edelweiss NIFTY Large Mid Cap 250 Index Fund Direct Growth Plan	-1.35%	10.7%	Data not available
ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan	29.31%	30.01%	Data not available
Tata Nifty Capital Markets Index Fund Direct Growth Plan	21.45%	Data not available	Data not available
Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan	21.13%	Data not available	Data not available
Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan	20.68%	Data not available	Data not available
ICICI Pru Nifty Pharma Index Fund Direct Growth Plan	17.57%	18.84%	Data not available

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

The fund’s 1-year return is far weaker than the available peer set, while its 3-year return is also below the stronger peer figures shown here. That means the recent recovery has been modest when set beside the higher short-term gains available in the comparison group.

The longer view is more balanced. A 10.7% 3-year return is still positive and better than several peer entries that do not yet have 3-year histories, but the gap with the strongest available longer-term results is clear. Short-term and medium-term comparisons therefore tell different stories: the fund has held up better than its benchmark in some weak periods, yet it has not matched the return pace of the better-performing peers.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
HDFC Bank Ltd.	Bank	3.93%
ICICI Bank Ltd.	Bank	3.77%
Reliance Industries Ltd.	Crude Oil	3.13%
Bharti Airtel Ltd.	Telecom	2%
Larsen & Toubro Ltd.	Infrastructure	1.72%
BSE Ltd.	Finance	1.59%
State Bank of India	Bank	1.59%
Infosys Ltd.	IT	1.44%
Axis Bank Ltd.	Bank	1.35%
Kotak Mahindra Bank Ltd.	Bank	1.12%

The top 10 holdings account for approximately 21.64% of the portfolio.

To see all holdings, visit the Edelweiss NIFTY Large Mid Cap 250 Index Fund Direct Growth Plan page

The largest holding, HDFC Bank Ltd., is at 3.93%, so no single position dominates the scheme. The decline from the first holding to the tenth is fairly gradual, ending at 1.12%, which suggests the visible basket is spread across several names rather than relying on one or two outsized bets.

That spread may help limit the influence of any one company, while the combined 21.64% weight of the top 10 shows that a meaningful share of the portfolio still sits in a relatively small set of holdings. With 52 disclosed holdings in total, the fund appears to use a longer tail beyond the largest positions, which could support broader diversification across the equity basket.

For investors, the key point is that the portfolio is not highly concentrated at the very top, even though banks feature repeatedly in the largest positions. That structure may make the fund’s returns more dependent on the overall market and the large-mid-cap segment than on one specific company outcome.

Source data date: as of 16 Sep 2026

Who should invest

This fund is most suitable for investors who are comfortable with High Risk and can stay invested for several years. The 1-year figure is negative, but the 3-year record is positive and better than the benchmark, so the scheme needs patience before its trend becomes meaningful.

It can fit investors who want large-mid-cap equity exposure through an index strategy and can tolerate periods when returns lag stronger peers. The main trade-off is between diversification and short-term smoothness: the portfolio is broad enough to avoid heavy single-stock dependence, but it can still move sharply with equity market swings.

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: No exit load.

Source data date: as of 16 Sep 2026

Frequently asked questions

What is the current NAV of Edelweiss NIFTY Large Mid Cap 250 Index Fund Direct Growth Plan?
The current NAV is ₹16.8572 as of 16 Sep 2026.

How has the fund performed over 1 year, 3 years and 5 years?
Its 1-year return is -1.35%, its 3-year return is 10.7%, and its 5-year return is Data not available. The 3-year period is the most useful longer-term reference because the fund was launched in 2021.

How does it compare with the benchmark?
It has done better than the benchmark over 1 year and 3 years, but it was slightly weaker than the benchmark over 1 month and 3 months. That mix points to a fund that has held up reasonably well over a longer window while still showing near-term volatility.

How does the fund compare with the listed peer funds?
Its recent return is below the stronger peer figures shown here, especially on the 1-year horizon. On the 3-year horizon, its 10.7% return is positive but still trails the stronger available peer numbers.

What is the minimum SIP amount?
The minimum SIP amount is ₹100. That makes the fund accessible for investors who want to start with a small monthly allocation.

What are the fund’s risk and portfolio features?
It is in the High Risk category and is managed by Bhavesh Jain and Manasi Jalgaonkar. The largest holding is HDFC Bank Ltd. at 3.93%, and the fund has no exit load.

Bottom line

This fund has a weaker recent showing than its longer 3-year history, which is positive and above the benchmark. It also trails the stronger peer return figures on the available horizons, so the current record is steady rather than standout. The High Risk label fits the equity nature of the scheme, but the portfolio is not dominated by one stock; banks and large financial names are spread across the top positions. Our view is that it suits patient investors who want diversified large-mid-cap exposure and can accept uneven short-term outcomes.

Published on 17 September 2026 at 12:44 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.