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

Samco Large & Mid Cap Fund Direct Growth Plan has a NAV of ₹8.91 as of 18 Sep 2026 and an AUM of ₹98 Cr. Its 1-year, 3-year and 5-year returns are -6.41%, 0% and 0%, and it sits in the High Risk category. Our view is that this is a fund for investors who can tolerate sharp swings and want a large-and-mid-cap strategy, but the recent return pattern has been weak and does not yet show a steady compounding record.

The portfolio is led by a relatively small set of holdings, so stock-specific outcomes may matter more here than in a broadly spread scheme. Against its benchmark, the fund has lagged over the latest 1-year period, and the absence of a long return track record means the case for it rests more on future execution than on history.

Quick facts

Particular	Details
NAV	₹8.91 as of 18 Sep 2026
AUM	₹98 Cr
Expense Ratio	0.79%
Launch Date	25 Jun 2025
Min SIP	₹250
Risk Category	High Risk
Benchmark	Nifty Mid Cap
Fund Category	Equity
Exit Load	1% on or before 30D, Nil after 30D
Fund Managers	Umeshkumar Mehta, Nirali Bhansali, Dhawal Ghanshyam Dhanani, Vishal Shinde

The fund is managed by Umeshkumar Mehta, Nirali Bhansali, Dhawal Ghanshyam Dhanani and Vishal Shinde.

Source data date: as of 18 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-1.11%	-3.73%
3M	-4.91%	-3.14%
1Y	-6.41%	-5.31%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The recent picture is mixed. Over 1 month, the fund fell less than the benchmark, which suggests it held up a little better in a short spell of weakness. Over 3 months and 1 year, however, the fund trailed the benchmark, so the broader recent run has been softer than the index-style reference.

The return path also looks uneven rather than smooth. That matters because a High Risk fund can sometimes recover quickly after volatility, but this one has not yet built a convincing record of that kind. The 1-year figure is negative, and the shorter-period moves show that gains have been fragile and prone to reversal.

Longer-term judgment is limited because there is no 3-year or 5-year return history yet. That means investors do not have a mature track record to lean on, and our view is that the fund is still in the prove-it stage. The gap versus the benchmark over 1 year also means recent outcomes have been weaker than the broader market reference.

For an investor, the key takeaway is that this is not a steady-income or low-volatility proposition. It is a newer equity fund with choppy early performance, so the more important question is whether the portfolio and the manager set can deliver better consistency over time.

Source data date: as of 18 Sep 2026

Should you BUY or HOLD Samco 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Samco Large & Mid Cap Fund Direct Growth Plan	-6.41%	Data not available	Data not available
Quant Large & Mid Cap Fund Direct Growth Plan	9.74%	14.83%	15.98%
HSBC Large & Mid Cap Fund Direct Growth Plan	9.29%	18.04%	14.68%
Sundaram Large and Mid Cap Fund Direct Growth Plan	8.13%	14.5%	12.17%
Motilal Oswal Large & Midcap Fund Direct Growth Plan	7.44%	22.21%	18.76%
Invesco India Large & Mid Cap Fund Direct Growth Plan	6.46%	22.41%	17.1%

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

On a 1-year view, the fund trails every peer listed here that has a live return figure, which shows that its recent stretch has been materially weaker than the group. The longer-horizon comparison is even more limited because this fund does not yet have 3-year or 5-year numbers, while the peers show positive multi-year compounding. That leaves the fund without an established longer-run edge at this stage.

The short-term and long-term stories are therefore different. The short end says the fund has struggled, while the peer set shows what stronger multi-year execution can look like. For now, the fund needs time and consistency before it can be judged on the same footing as older schemes with fuller histories.

Source data date: as of 18 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Laurus Labs Limited	Healthcare	7.73%
Apar Industries Limited	Capital Goods	5.57%
Hitachi Energy India Limited	Capital Goods	4.88%
Adani Energy Solutions Limited	Power	4.6%
Bharat Heavy Electricals Limited	Capital Goods	4.41%
Adani Power Limited	Power	4.04%
Ge Vernova T&D India Limited	Capital Goods	3.78%
Cummins India Limited	Automobile & Ancillaries	3.6%
FSN E-Commerce Ventures Limited	Retailing	2.84%
Bank of Maharashtra	Bank	2.79%

The top 10 holdings account for approximately 44.24% of the portfolio.

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

The single largest holding, Laurus Labs Limited, carries a weight of 7.73%, so it is large enough to matter but not so dominant that it defines the entire portfolio on its own. The next holdings step down fairly quickly into the 5% to 4% range, which suggests the fund spreads meaningful exposure across several positions rather than relying on one outsized bet.

The tenth holding is 2.79%, so the drop from first to tenth is noticeable. That kind of tapering can mean the top names are important drivers of return, while the rest of the book may contribute in smaller increments. With 44.24% of assets in the top 10 and 46 disclosed holdings in total, the portfolio appears moderately concentrated at the top but still diversified enough to avoid a pure handful-of-stocks structure.

Our view is that this mix may make the fund more sensitive to a few large positions, especially across capital goods, power and healthcare. At the same time, the long tail beyond the top 10 may help reduce dependence on any single holding if the rest of the portfolio behaves differently.

Source data date: as of 18 Sep 2026

Who should invest

This fund suits investors who are comfortable with High Risk equity exposure and can stay invested through sharp fluctuations. The current return pattern has been weak over 1 year, and the benchmark comparison also tilts against it over the latest stretch, so patience matters more here than a quick outcome.

It fits better with a longer horizon than a short one, especially because the scheme is still early in its life and does not yet have a 3-year or 5-year track record. Investors who already accept volatility in exchange for possible upside may find the portfolio style understandable, but they should also be ready for uneven periods before results improve.

The main trade-off is between potentially higher long-run equity upside and near-term inconsistency. In our view, this is better suited to investors who can absorb drawdowns and do not need a smooth return path.

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 is 1% if units are sold on or before 30 days, and there is no exit load after 30 days.

Source data date: as of 18 Sep 2026

Frequently asked questions

What is the current NAV of Samco Large & Mid Cap Fund Direct Growth Plan?
The current NAV is ₹8.91 as of 18 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year return is -6.41%, while the 3-year and 5-year returns are not available yet.

How has the fund performed versus its benchmark?
Over 1 year, the fund returned -6.41% compared with the benchmark’s -5.31%. Over 1 month it did a little better, but over 3 months and 1 year it lagged.

How does it compare with the peer funds listed here?
Its 1-year return is weaker than the peer funds shown here with available figures. The peers also have positive 3-year and 5-year numbers, while this fund does not yet have those periods available.

What is the minimum SIP amount?
The minimum SIP amount is ₹250.

What are the risk level, portfolio concentration and exit load?
It is a High Risk fund. The top 10 holdings account for 44.24% of the portfolio, and the exit load is 1% on or before 30 days, with no exit load after 30 days.

Bottom line

This fund’s near-term record is weaker than its benchmark over 1 year, and it does not yet have a longer public return history to offset that. Compared with the peer set, its available return figure is also softer than the better-established schemes, so it remains early in its story. The portfolio is moderately concentrated in the top holdings, which may amplify stock-specific moves. Overall, it looks more suitable for investors who accept High Risk volatility and are willing to give a newer large-and-mid-cap strategy time to develop.

Published on 21 September 2026 at 11:07 AM 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.