SBI Large and Midcap Fund Vs ICICI Prudential Large & Mid Cap Fund belongs the same category of Equity Funds- large & mid cap. These funds are a combination of both large and mid cap funds. As per the norms, Large cap funds will invest at least 80 percent of its total assets in the top 100 listed stocks by market capitalisation. And, mid-cap funds will invest at least 65 percent of its total assets in companies ranked between 101st to the 250th company in terms of full market capitalisation. This comparison is done do that investors can make a better investment decision between to similar scheme that are performing well. So let's have a look.
SBI Large and Midcap Fund (earlier known as SBI Magnum Multiplier Fund) is a part of SBI Mutual Fund that uses S&P BSE 200 Index as its Portfolio to construct its portfolio. SBI Large and Midcap Fund is suitable for investors seeking for capital appreciation along with an investment horizon of long-term. This scheme invests its accumulated fund money in shares of large-cap and mid-cap companies.
As on June 30th, 2018, some of the top holdings of SBI Large and Midcap Fund consisted HDFC Bank Ltd, Jubilant Foodworks Ltd, Infosys Ltd, ICICI Bank Ltd, Bharti Airtel Ltd, etc.
ICICI Prudential Large & Mid Cap Fund (earlier known as ICICI Prudential Top 100 Fund) was incepted on July 09, 1998. This scheme uses Nifty 50 as its benchmark index to formulate its basket of assets. The scheme aims to invest predominantly in equity and equity-related securities thereby; achieving capital growth in the long-term. One of the advantages of ICICI Prudential Large & Mid Cap Fund is it offers mitigated risk through diversification across sectors.
Some of the top holdings of ICICI Prudential Large & Mid Cap Fund as on June 30th are Cblo, NTPC Ltd, The Federal Bank Ltd, Oil & Natural Gas Corp Ltd, Infosys Ltd, State Bank of India, etc.
Both SBI Large and Midcap Fund and ICICI Prudential Large & Mid Cap Fund belong to the same category of diversified fund. However, there are numerous differences between them. So, let us analyze the differences between both the schemes on the basis of four sections given below.
Being the first section, it compares parameters such as current NAV, AUM, scheme category, Fincash Rating, etc. As per the scheme category, both the scheme belongs to the same Mutual Fund category, i.e., Large & Mid Cap.
As per Fincash Rating, it can be said that SBI Mutual Fund’s scheme is rated as a 4-Star scheme, while ICICI Pru's scheme is rated as 3-Star.
The summary of the basics section is tabulated as follows.
Parameters Basics NAV Net Assets (Cr) Launch Date Rating Category Sub Cat. Category Rank Risk Expense Ratio Sharpe Ratio Information Ratio Alpha Ratio Benchmark Exit Load SBI Large and Midcap Fund
Growth
Fund Details ₹639.972 ↓ -3.26 (-0.51 %) ₹42,325 on 31 Jul 26 25 May 05 ☆☆☆☆ Equity Large & Mid Cap 20 Moderately High 1.61 0.1 -0.2 0.61 Not Available 0-12 Months (1%),12 Months and above(NIL) ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details ₹1,040.54 ↓ -0.76 (-0.07 %) ₹32,706 on 31 Jul 26 9 Jul 98 ☆☆☆ Equity Large & Mid Cap 31 Moderately High 1.71 0.16 0.39 1.65 Not Available 0-1 Years (1%),1 Years and above(NIL)
Compounded Annual Growth Rate or CAGR returns is the comparable parameter forming part of the basics section. The CAGR returns are compared at different time intervals such as 1 Month Return, 6 Month Return, 3 Year Return, and Return since Inception. The comparison of performance section shows that in certain instances, SBI Large and Midcap Fund leads the race, while in others ICICI Prudential Large & Mid Cap Fund leads the race. The table given below summarizes the comparison of the performance section.
Parameters Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch SBI Large and Midcap Fund
Growth
Fund Details -3.7% 2.3% 1% 3.4% 11.6% 12.9% 16.8% ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details -2.5% 7% 3.9% 3.7% 14.8% 16% 17.9%
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The comparison of the absolute returns for a particular year earned by both the schemes is done in the yearly performance section. The comparison of absolute returns states that in certain years SBI Large and Midcap Fund has done better than ICICI Prudential Large & Mid Cap Fund. The table given below shows the summary comparison of the absolute returns section.
Parameters Yearly Performance 2025 2024 2023 2022 2021 SBI Large and Midcap Fund
Growth
Fund Details 10.1% 18% 26.8% 7.3% 39.3% ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details 14.4% 20.4% 29.9% 11.7% 41.8%
Being the last section in the comparison, it includes parameters such as minimum SIP investment and minimum lumpsum investment. The minimum lump sum investment for both the schemes is same, that is, INR 5,000. However, the minimum SIP investment is different for both the schemes. The SIP amount in case of ICICI Pru Large & Mid Cap Fund is INR 1,000 and of SBI Large and Midcap Fund is INR 500.
SBI Large and Midcap Fund is solely managed by Mr. Saurabh Pant.
ICICI Prudential Large & Mid Cap Fund is managed by Sankaran Naren.
The summary comparison of the other details section is tabulated as follows.
Parameters Other Details Min SIP Investment Min Investment Fund Manager SBI Large and Midcap Fund
Growth
Fund Details ₹500 ₹5,000 Saurabh Pant - 9.9 Yr. ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details ₹100 ₹5,000 Lalit Kumar - 0.21 Yr.
SBI Large and Midcap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Aug 21 ₹10,000 31 Aug 22 ₹11,181 31 Aug 23 ₹13,070 31 Aug 24 ₹17,748 31 Aug 25 ₹17,698 31 Aug 26 ₹18,913 ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Aug 21 ₹10,000 31 Aug 22 ₹11,511 31 Aug 23 ₹13,554 31 Aug 24 ₹20,146 31 Aug 25 ₹20,064 31 Aug 26 ₹21,678
SBI Large and Midcap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 0.8% Equity 99.12% Debt 0.08% Equity Sector Allocation
Sector Value Financial Services 22.04% Consumer Cyclical 18.69% Health Care 13.35% Basic Materials 13.04% Industrials 7.85% Consumer Defensive 7.6% Technology 6.68% Utility 5.04% Energy 3.07% Communication Services 1.3% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 11 | HDFCBANK7% ₹2,843 Cr 38,000,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK4% ₹1,665 Cr 11,600,000
↑ 1,200,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 25 | 5322153% ₹1,352 Cr 11,000,000 State Bank of India (Financial Services)
Equity, Since 31 Jul 09 | SBIN3% ₹1,182 Cr 11,500,000 Asian Paints Ltd (Basic Materials)
Equity, Since 30 Jun 25 | 5008202% ₹1,056 Cr 3,844,000 Berger Paints India Ltd (Basic Materials)
Equity, Since 30 Jun 24 | 5094802% ₹1,041 Cr 20,000,000 Bharat Forge Ltd (Consumer Cyclical)
Equity, Since 31 Mar 25 | 5004932% ₹1,034 Cr 4,700,000 Adani Enterprises Ltd (Energy)
Equity, Since 31 May 26 | 5125992% ₹1,031 Cr 3,426,861
↑ 346,861 Balkrishna Industries Ltd (Consumer Cyclical)
Equity, Since 30 Nov 24 | BALKRISIND2% ₹1,007 Cr 4,070,000 Biocon Ltd (Healthcare)
Equity, Since 30 Nov 25 | BIOCON2% ₹1,000 Cr 23,500,000
↑ 3,500,000 ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 1.87% Equity 98.13% Equity Sector Allocation
Sector Value Financial Services 26.25% Consumer Cyclical 21.21% Basic Materials 20.31% Industrials 14.79% Energy 4.17% Real Estate 2.95% Health Care 2.7% Consumer Defensive 1.98% Utility 1.91% Communication Services 0.7% Technology 0.44% Top Securities Holdings / Portfolio
Name Holding Value Quantity SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Nov 22 | SBICARD5% ₹1,632 Cr 24,719,917 InterGlobe Aviation Ltd (Industrials)
Equity, Since 30 Jun 22 | INDIGO4% ₹1,191 Cr 2,302,418
↑ 762,141 Bajaj Finserv Ltd (Financial Services)
Equity, Since 31 Jan 24 | 5329783% ₹1,062 Cr 5,234,432 Sona BLW Precision Forgings Ltd (Consumer Cyclical)
Equity, Since 31 Aug 24 | SONACOMS3% ₹972 Cr 12,628,369 IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Aug 24 | INDUSINDBK3% ₹915 Cr 9,040,337 UltraTech Cement Ltd (Basic Materials)
Equity, Since 30 Jun 26 | 5325383% ₹848 Cr 712,007
↑ 311,661 Oberoi Realty Ltd (Real Estate)
Equity, Since 30 Apr 25 | OBEROIRLTY2% ₹812 Cr 4,442,740
↑ 100,000 Jindal Steel Ltd (Basic Materials)
Equity, Since 30 Jun 26 | 5322862% ₹810 Cr 7,348,590
↑ 2,163,505 Hindalco Industries Ltd (Basic Materials)
Equity, Since 30 Jun 26 | HINDALCO2% ₹774 Cr 7,938,931
↑ 993,499 Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 30 Jun 26 | MCX2% ₹746 Cr 2,770,673
↑ 1,177,245
As a result, from the above-mentioned pointers, it can be said that both the schemes differ on account of numerous parameters. Therefore, individuals should pay extra caution before Investing in any of the schemes. They should check whether the scheme matches their investment objective or not and understand its modalities completely. This will help them to achieve their goals on time along with ensuring their investment is safe.