The 5 large & mid cap schemes rated A+ or A on their track record this month, out of 26 rated Regular plans: why each one rates well, what changed since last month, and how much they overlap. Data as of 11 Nov 2026.
Each fund is compared only with other large & mid cap funds of the same plan type: return over the Nifty Largemidcap 250 total-return index, how consistently it was earned, risk, cost and portfolio. How the ratings work.
RegularA+ · #1 of 26 · expense ratio 1.85% · DirectA+ · #1 of 26 · expense ratio 0.77%
Returned 22.0% a year over 3 years (Regular plan), +8.6% a year against the Nifty Largemidcap 250 total-return index; the median fund roughly matched it.
Ahead of the Nifty Largemidcap 250 total-return index in 77% of rolling 3-year periods (median fund: 22%).
In falling months it fell 104% as much as the index (median fund: 97%).
Its deepest fall in the last 3 years was 19.0% (median fund: 19.1%).
Holds 44 stocks; the top 10 are 55% of the portfolio, the largest sector Banks (16%).
RegularA+ · #2 of 26 · expense ratio 2.39% · DirectA+ · #2 of 26 · expense ratio 1.30%
Returned 17.2% a year over 3 years (Regular plan), +3.9% a year against the Nifty Largemidcap 250 total-return index; the median fund roughly matched it.
Ahead of the Nifty Largemidcap 250 total-return index in 54% of rolling 3-year periods (median fund: 22%).
In falling months it fell 102% as much as the index (median fund: 97%).
Its deepest fall in the last 3 years was 25.2% (median fund: 19.1%).
Motilal Oswal Mutual Fund · AUM ₹19,708 cr · 7.1 years
RegularA+ · #3 of 26 · expense ratio 1.78% · DirectA+ · #3 of 26 · expense ratio 0.91%
Returned 19.9% a year over 3 years (Regular plan), +6.5% a year against the Nifty Largemidcap 250 total-return index; the median fund roughly matched it.
Ahead of the Nifty Largemidcap 250 total-return index in 100% of rolling 3-year periods (median fund: 22%).
In falling months it fell 109% as much as the index (median fund: 97%).
Its deepest fall in the last 3 years was 26.2% (median fund: 19.1%).
Holds 33 stocks; the top 10 are 43% of the portfolio, the largest sector Electrical Equipment (20%).
Bank of India Mutual Fund · AUM ₹508 cr · 13.9 years
RegularA+ · #4 of 26 · expense ratio 2.75% · DirectA · #5 of 26 · expense ratio 1.39%
Returned 14.4% a year over 3 years (Regular plan), +1.1% a year against the Nifty Largemidcap 250 total-return index; the median fund roughly matched it.
Ahead of the Nifty Largemidcap 250 total-return index in 17% of rolling 3-year periods (median fund: 22%).
In falling months it fell 98% as much as the index (median fund: 97%).
Its deepest fall in the last 3 years was 21.4% (median fund: 19.1%).
Holds 48 stocks; the top 10 are 39% of the portfolio, the largest sector Banks (21%).
RegularA+ · #5 of 26 · expense ratio 2.30% · DirectA+ · #4 of 26 · expense ratio 1.23%
Returned 13.9% a year over 3 years (Regular plan), +0.6% a year against the Nifty Largemidcap 250 total-return index; the median fund roughly matched it.
Ahead of the Nifty Largemidcap 250 total-return index in 64% of rolling 3-year periods (median fund: 22%).
In falling months it fell 113% as much as the index (median fund: 97%).
Its deepest fall in the last 3 years was 25.0% (median fund: 19.1%).
Holds 24 stocks; the top 10 are 62% of the portfolio, the largest sector Pharmaceuticals & Biotechnology (17%).
No fund joined or left the shortlist since last month.
Holding two of them? Check the overlap
The share of their portfolios two funds hold in common (portfolios of October 2026). Above about half, two funds are close to one bet.
Funds
Overlap
Invesco India Large & Mid Cap Fund + Motilal Oswal Large and Midcap Fund
Which large & mid cap funds are rated A+ in November 2026?
Among Regular plans: Invesco India Large & Mid Cap Fund, HSBC Large & Mid Cap Fund, Motilal Oswal Large and Midcap Fund, Bank Of India Large & Mid Cap Fund, Quant Large & Mid Cap Fund. 5 schemes are rated A+ or A in at least one plan. Ratings compare each fund with its own category and plan type, on its record against the Nifty Largemidcap 250 total-return index.
Is the top-rated large & mid cap fund the best one to invest in?
Not necessarily. The rating describes the track record so far: return over the index, how consistently it was earned, risk, cost and portfolio. Our own backtest found that top ratings did not reliably predict the next three years. Use the shortlist to avoid weak records, then choose for your goal, the funds you already hold, and how much overlap you can accept.
Direct plan or Regular plan?
The same portfolio. A Direct plan has no distributor commission, so its expense ratio is lower and its return slightly higher. A Regular plan pays a distributor such as us, through the expense ratio, for advice and service. Plans are rated separately: Regular against Regular, Direct against Direct.
How often does this list change?
Returns update every weekday, but ratings change twice a month: on the 11th and the 16th, after fund houses publish their monthly portfolios.
Ratings describe past track records and are not a recommendation to buy or sell, or a forecast. Mutual fund investments are subject to market risks; read the scheme documents before investing.