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

WOC Large & Mid Cap Fund Direct Growth Plan currently has a NAV of ₹14.272 as of 18 Sep 2026 and an AUM of ₹2,524 Cr. Its 1-year, 3-year and 5-year returns are 3.69%, Data not available and Data not available. The fund sits in the High Risk category, so it is best viewed as a choice for investors who can tolerate sharp swings and are willing to stay invested for long enough to let the portfolio work through them.

Our view is that the fund looks more suitable for a patient investor than for someone looking for steady short-term outcomes. The portfolio is built around large holdings in banks, FMCG, telecom and a few other cyclical names, so recent movement and longer-term patience matter more here than quick predictability.

Quick facts

Particular	Details
NAV	₹14.272 as of 18 Sep 2026
AUM	₹2,524 Cr
Expense Ratio	0.57%
Launch Date	22 Dec 2023
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty Mid Cap
Fund Category	Equity
Exit Load	1% on or before 1M, Nil after 1M
Fund Managers	Ramesh Mantri, Trupti Agrawal, Piyush Baranwal, Dheeresh Pathak

The fund is managed by Ramesh Mantri, Trupti Agrawal, Piyush Baranwal and Dheeresh Pathak.

Source data date: as of 18 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-3.2%	-3.73%
3M	1.04%	-3.14%
1Y	3.69%	-5.31%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The short-term path has been uneven, but the fund has still handled the most recent month slightly better than the benchmark. A 1-month decline of 3.2% compared with the benchmark’s 3.73% fall suggests the fund held up a little better in the latest stretch, even though both moved lower.

The 3-month picture is more constructive for the fund. It turned positive at 1.04% while the benchmark stayed negative at -3.14%, which tells us the fund recovered better over that window. That said, the movement has not been smooth, so the improvement looks more like a choppy recovery than a clean upward trend.

The 1-year return is the clearest comparison point we have here. The fund’s 3.69% is ahead of the benchmark’s -5.31%, which means it has done better over the last year even though the recent month remains weak. That mix usually points to a fund that can outperform a stressed benchmark over a year, but still needs time for the pattern to look more settled.

We would not read the recent numbers as evidence of low volatility. Rather, they show a fund that has outpaced the benchmark over 3 months and 1 year, while still giving back value in the latest month. For investors, that means the upside case is tied to staying invested through rough patches instead of expecting straight-line gains.

Source data date: as of 18 Sep 2026

Should you BUY or HOLD WOC 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
WOC Large & Mid Cap Fund Direct Growth Plan	3.69%	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.

The current fund’s 1-year return trails every peer listed here on the same horizon, while several peers also show much stronger 3-year and 5-year numbers. That gap matters because the comparison is not just about one weak month; it also shows that the fund has not yet built the same longer-run track record as the peer set available here.

At the same time, the current fund’s 1-year figure still sits above its benchmark return, so the comparison with peers and the comparison with the benchmark are telling different stories. Against peers, the recent return looks modest; against the benchmark, it has been ahead. Since 3-year and 5-year figures are not yet available for the fund, the longer-run comparison remains incomplete, which makes patience and tracking the next few reporting cycles more important.

Source data date: as of 18 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
ICICI Bank Limited	Bank	6.87%
Nestle India Limited	FMCG	3.44%
Clearing Corporation of India Ltd	Cash & Cash Equivalents and Net Assets	3.14%
Bharti Airtel Limited	Telecom	2.65%
HDFC Bank Limited	Bank	2.56%
State Bank of India	Bank	2.31%
Mahindra & Mahindra Limited	Automobile & Ancillaries	2.23%
Eternal Limited	Retailing	2.16%
Max Financial Services Limited	Finance	2.14%
The Federal Bank Limited	Bank	2.08%

The top 10 holdings account for approximately 29.58% of the portfolio.

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

The largest holding is ICICI Bank Limited at 6.87%, which is a meaningful single-position weight but not an outsized one on its own. The tenth holding stands at 2.08%, so the weight drops steadily from the top of the list rather than falling off sharply after the first name.

That pattern suggests a portfolio where the biggest positions may matter, but no single holding dominates the disclosed top list. With the top 10 making up 29.58% of the portfolio and 66 holdings disclosed overall, the fund appears to spread risk across many names beyond the headline positions.

Still, the concentration in banks, consumer staples and a few market leaders means the fund may remain sensitive to moves in those areas. Investors should read the top holdings as a sign of moderate concentration at the visible top of the book, balanced by a fairly long tail of other holdings.

Source data date: as of 18 Sep 2026

Who should invest

This fund is better suited to investors who can accept High Risk exposure and are comfortable with uneven short-term returns. The recent 1-month weakness, the positive 3-month recovery and the better 1-year result together suggest that the path can be choppy even when the longer stretch improves.

A longer investment horizon matters here because the fund is still young and its 3-year and 5-year figures are not yet available. The main trade-off is simple: you get a portfolio that has held up better than the benchmark over 1 year, but you also accept more variability and the possibility that short-term dips may not reverse quickly.

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% if units are sold on or before 1 month; nil after 1 month.

Source data date: as of 18 Sep 2026

Frequently asked questions

What is the current NAV of WOC Large & Mid Cap Fund Direct Growth Plan?
The current NAV is ₹14.272 as of 18 Sep 2026.

How has the fund performed over 1 year, 3 years and 5 years?
Its 1-year return is 3.69%. The 3-year and 5-year returns are Data not available.

How does the fund compare with its benchmark?
Over 1 month, 3 months and 1 year, the fund has held up better than the benchmark. The 3-month and 1-year gaps are especially useful because they show the fund ahead even when the latest month was weak.

How does the fund compare with peers on available return data?
The fund’s 1-year return is lower than the peer returns listed here, while several peers also show stronger 3-year and 5-year figures. That makes the comparison look weaker on longer horizons where the fund has not yet built a track record.

What is the minimum SIP amount?
The minimum SIP amount is ₹100.

What are the key risk and portfolio features?
The fund is in the High Risk category and the top 10 holdings account for 29.58% of the portfolio. ICICI Bank Limited is the largest disclosed holding at 6.87%, and the fund is managed by Ramesh Mantri, Trupti Agrawal, Piyush Baranwal and Dheeresh Pathak.

Bottom line

The fund’s short-term path is uneven, but the 3-month and 1-year numbers are better than the benchmark, which suggests the recent recovery has been more constructive than the latest month alone might imply. Against peers, the available return figures look softer, and the absence of 3-year and 5-year figures means the longer-run picture is still incomplete. With a High Risk label and a portfolio led by banks and other large positions, it looks more suitable for patient investors who can sit through volatility.

Published on 21 September 2026 at 10:08 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.