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

Sundaram Large and Mid Cap Fund Direct Growth Plan has a NAV of ₹106.4345 as of 10 Sep 2026 and an AUM of ₹7,543 Cr. Its 1-year, 3-year and 5-year returns are 10.98%, 14.73% and 12.67%, respectively, and the fund is tagged as High Risk.

Our view is that this is a fund for investors who can stay with a volatile equity allocation through shorter swings and still focus on multi-year compounding. The longer return record is comfortably positive, but the recent path has been mixed, so the fund fits better as a long-horizon holding than as a short-term core return play.

Quick facts

Particular	Details
NAV	₹106.4345 as of 10 Sep 2026
AUM	₹7,543 Cr
Expense Ratio	0.77%
Launch Date	08 Jan 2013
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty Mid Cap
Fund Category	Equity
Exit Load	Nil upto 25% of units and 1% for remaining units on or before 365D, Nil after 365D
Fund Managers	Madanagopal Ramu

The fund is managed by Madanagopal Ramu.

Source data date: as of 10 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-0.66%	-4.06%
3M	14.74%	1.37%
1Y	10.98%	-7.31%
3Y	14.73%	6.07%
5Y	12.67%	5.91%

The fund has held up better than the benchmark over every displayed horizon, which is a useful sign for an equity scheme in a higher-risk bucket. Even the latest one-month return was mildly negative, but it was still less weak than the benchmark, which suggests the fund has recently absorbed part of the downside.

The sharper point is the 3-month reading. The fund recovered strongly over that window and moved well ahead of the benchmark, so near-term momentum is better than the benchmark’s own behaviour. That said, a 3-month stretch is not enough to override the longer pattern, which is the more relevant lens for a fund in this category.

Over 3 years and 5 years, the fund has compounded at 14.73% and 12.67%, versus 6.07% and 5.91% for the benchmark. Our read is that the fund has created a clear performance cushion over time, but the path has not been smooth. The one-year return at 10.98% is solid, yet it sits below the 3-year pace, so the recent run has been respectable rather than uniformly strong.

For investors, the important takeaway is that the fund has shown a stronger long-run growth profile than the benchmark, while also proving that short-term volatility can still appear. That combination suits a patient equity allocation more than a tactical one.

Source data date: as of 10 Sep 2026

Should you BUY or HOLD Sundaram Large and 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
Motilal Oswal Large & Midcap Fund Direct Growth Plan	12.34%	22.74%	19.1%
Quant Large & Mid Cap Fund Direct Growth Plan	12.34%	14.76%	16.22%
HSBC Large & Mid Cap Fund Direct Growth Plan	11.6%	17.59%	14.99%
Sundaram Large and Mid Cap Fund Direct Growth Plan	10.98%	14.73%	12.67%
Invesco India Large & Mid Cap Fund Direct Growth Plan	9.38%	22.73%	17.56%

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

Against the peer set on visible returns, the fund’s 1-year figure is behind the leading names but still ahead of one peer, so the recent picture is mixed rather than weak. The longer horizon is more nuanced: the 3-year and 5-year numbers are below several peers, which tells us the fund has been steadier than some short-term trails but less powerful than the stronger compounding stories in the group. Short-term and longer-term comparisons therefore point in the same direction more often than not: respectable, but not the most forceful return profile among the funds shown.

Source data date: as of 10 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Radico Khaitan Ltd	Alcohol	5.09%
Kalyan Jewellers India Ltd	Diamond & Jewellery	4.32%
Oracle Financial Services Software Ltd	IT	4.25%
TD Power Systems Ltd	Capital Goods	3.96%
Shriram Finance Ltd	Finance	3.92%
Eternal Ltd (Previously Zomato Ltd)	Retailing	3.83%
TREPS	Cash & Cash Equivalents and Net Assets	3.82%
Five-Star Business Finance Ltd	Finance	3.43%
Cholamandalam Investment and Finance Company Ltd	Finance	3.29%
National Aluminium Company Ltd	Non – Ferrous Metals	3.01%

The largest holding, Radico Khaitan Ltd, stands at 5.09%, so no single position dominates the visible list on its own. The drop from the first holding to the tenth is gradual rather than abrupt, which suggests the fund is building exposure through a spread of mid-sized positions instead of leaning heavily on one or two names.

The top 10 holdings together account for approximately 38.92% of the portfolio, and the fund discloses 39 holdings in total. That combination points to a reasonably diversified structure with a meaningful tail beyond the top names. In practical terms, the visible holdings may still matter a lot for near-term behaviour, but the longer list of positions could soften the impact of any one stock.

With more holdings disclosed beyond the top 10, the fund appears to combine a core set of meaningful bets with a broader supporting book. Our view is that this may reduce reliance on a single theme while still leaving enough concentration for the better ideas to influence outcomes.

To see all holdings, visit the Sundaram Large and Mid Cap Fund Direct Growth Plan page

Source data date: as of 10 Sep 2026

Who should invest

This fund suits investors who are comfortable with High Risk equity volatility and who can stay invested for a long horizon. The 1-year return is positive, the 3-year and 5-year figures are stronger, and all three sit above the benchmark, which points to a fund that has rewarded patience better than short holding periods.

The main trade-off is that the path can be uneven even when the longer record is constructive. Investors looking for a steadier, lower-volatility experience may find the swings uncomfortable, while those willing to accept that variability in exchange for mid-cap-led growth may find the profile more appropriate.

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: Nil upto 25% of units and 1% for remaining units on or before 365D, Nil after 365D.

Source data date: as of 10 Sep 2026

Frequently asked questions

What is the current NAV of Sundaram Large and Mid Cap Fund Direct Growth Plan?

The current NAV is ₹106.4345 as of 10 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?

The fund’s returns are 10.98% over 1 year, 14.73% over 3 years and 12.67% over 5 years.

How has the fund behaved versus its benchmark?

It has stayed ahead of the benchmark across the displayed 1-month, 3-month, 1-year, 3-year and 5-year periods. The widest gap is visible over the longer horizons, which supports the case for patient holding periods.

How does the fund compare with the other large and mid cap funds shown here?

Its 1-year return is below some peers and above one peer, while its 3-year and 5-year returns are also below several of the peer figures shown. The comparison therefore points to a solid but not leading return profile on the visible peer set.

What is the minimum SIP amount?

The minimum SIP amount is ₹100.

What is the fund’s risk profile and who manages it?

The fund is classified as High Risk, and it is managed by Madanagopal Ramu. The portfolio also shows a spread of holdings across sectors such as alcohol, finance, IT, retailing and capital goods.

Bottom line

Sundaram Large and Mid Cap Fund Direct Growth Plan has a longer-term return record that is stronger than its benchmark, but its recent path has been uneven rather than smooth. On the peer figures shown here, it looks respectable without being the most powerful compounding story. The High Risk tag fits the portfolio’s equity nature, while the top holdings suggest a balanced spread rather than dependence on one position. That makes it more suitable for investors who can tolerate volatility and wait for multi-year outcomes.

Published on 11 September 2026 at 10:33 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.