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SBI Large and Midcap Fund Vs ICICI Prudential Large & Mid Cap Fund

Updated on July 5, 2026 , 3628 views

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 (Erstwhile SBI Magnum Multiplier Fund)

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 (Erstwhile ICICI Prudential Top 100 Fund)

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.

SBI Large and Midcap Fund Vs ICICI Prudential Large & Mid Cap Fund

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.

Basics Section

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
BasicsNAV
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
₹656.483 ↑ 3.20   (0.49 %)
₹39,424 on 31 May 26
25 May 05
Equity
Large & Mid Cap
20
Moderately High
1.61
0.05
-0.43
1.83
Not Available
0-12 Months (1%),12 Months and above(NIL)
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
₹1,035.13 ↑ 1.94   (0.19 %)
₹30,147 on 31 May 26
9 Jul 98
Equity
Large & Mid Cap
31
Moderately High
1.71
-0.21
0.24
-2.41
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

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
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
SBI Large and Midcap Fund
Growth
Fund Details
5%
10.9%
-0.2%
4.4%
14.7%
14.3%
17.1%
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
5.2%
8.6%
-2.4%
2.8%
17.4%
17.5%
18%

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Yearly Performance Section

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 Performance2024
2023
2022
2021
2020
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%

Other Details Section

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 DetailsMin SIP Investment
Min Investment
Fund Manager
SBI Large and Midcap Fund
Growth
Fund Details
₹500
₹5,000
Saurabh Pant - 9.81 Yr.
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
₹100
₹5,000
Lalit Kumar - 0.04 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
SBI Large and Midcap Fund
Growth
Fund Details
DateValue
30 Jun 21₹10,000
30 Jun 22₹10,105
30 Jun 23₹13,045
30 Jun 24₹17,593
30 Jun 25₹18,937
30 Jun 26₹19,463
Growth of 10,000 investment over the years.
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
DateValue
30 Jun 21₹10,000
30 Jun 22₹11,078
30 Jun 23₹13,919
30 Jun 24₹20,219
30 Jun 25₹22,196
30 Jun 26₹22,164

Detailed Portfolio Comparison

Asset Allocation
SBI Large and Midcap Fund
Growth
Fund Details
Asset ClassValue
Cash3.32%
Equity96.6%
Debt0.09%
Equity Sector Allocation
SectorValue
Financial Services20.8%
Consumer Cyclical15.48%
Basic Materials13.99%
Health Care12.93%
Industrials8.26%
Consumer Defensive7.23%
Technology6.81%
Energy5.64%
Utility3.26%
Communication Services1.58%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 11 | HDFCBANK
7%₹2,829 Cr38,000,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 25 | AXISBANK
3%₹1,299 Cr10,100,000
Bharat Forge Ltd (Consumer Cyclical)
Equity, Since 31 Mar 25 | BHARATFORG
3%₹1,272 Cr6,500,000
State Bank of India (Financial Services)
Equity, Since 31 Jul 09 | SBIN
3%₹1,109 Cr11,500,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK
3%₹1,043 Cr8,300,000
Asian Paints Ltd (Basic Materials)
Equity, Since 30 Jun 25 | ASIANPAINT
3%₹1,027 Cr3,844,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 20 | RELIANCE
3%₹1,004 Cr7,600,000
Berger Paints India Ltd (Basic Materials)
Equity, Since 30 Jun 24 | BERGEPAINT
3%₹1,001 Cr20,000,000
Ashok Leyland Ltd (Industrials)
Equity, Since 31 May 21 | ASHOKLEY
2%₹870 Cr56,000,000
Jindal Steel Ltd (Basic Materials)
Equity, Since 30 Apr 22 | JINDALSTEL
2%₹860 Cr7,121,675
Asset Allocation
ICICI Prudential Large & Mid Cap Fund
Growth
Fund Details
Asset ClassValue
Cash2.69%
Equity97.31%
Equity Sector Allocation
SectorValue
Financial Services32.29%
Consumer Cyclical22.52%
Industrials9.01%
Basic Materials6.23%
Consumer Defensive5.42%
Communication Services4.67%
Technology4.65%
Health Care4.39%
Real Estate2.32%
Utility2.22%
Energy1.38%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 19 | HDFCBANK
8%₹2,417 Cr32,464,785
↑ 11,597,077
SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Nov 22 | SBICARD
5%₹1,534 Cr24,566,780
↑ 2,852,980
Page Industries Ltd (Consumer Cyclical)
Equity, Since 29 Feb 24 | PAGEIND
4%₹1,101 Cr288,128
↓ -5,000
Info Edge (India) Ltd (Communication Services)
Equity, Since 31 Jul 25 | NAUKRI
4%₹1,066 Cr10,713,520
↑ 2,139,434
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 21 | AXISBANK
3%₹1,024 Cr7,955,369
↓ -375,000
Bajaj Finserv Ltd (Financial Services)
Equity, Since 31 Jan 24 | BAJAJFINSV
3%₹1,014 Cr5,684,432
↓ -498,211
InterGlobe Aviation Ltd (Industrials)
Equity, Since 30 Jun 22 | INDIGO
3%₹923 Cr2,095,277
↓ -90,000
FSN E-Commerce Ventures Ltd (Consumer Cyclical)
Equity, Since 30 Apr 23 | NYKAA
3%₹852 Cr32,475,733
↓ -1,183,952
IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Aug 24 | INDUSINDBK
3%₹830 Cr9,078,837
↓ -1,280,176
Sona BLW Precision Forgings Ltd (Consumer Cyclical)
Equity, Since 31 Aug 24 | SONACOMS
3%₹771 Cr12,695,940
↓ -1,381,611

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.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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