SBI Large and Midcap fund: Potential for Long Term Wealth Accumulation

Current Market Scenario

The market rebounded from its 52-week low after the ceasefire was agreed upon between the United States and Iran. The Strait of Hormuz remains shut, and crude oil prices shot up again. The market is range-bound but continues to be volatile. Global markets may bounce back if a lasting ceasefire can be agreed upon between United States and Iran. The long-term outlook of Indian equities remains positive with stable macros, strong growth in consumption demand driven by per capita income growth, tax reforms, rising affluence, demographic advantages and shifting consumption patterns. In current market conditions large and midcap funds may be suitable for long-term investors. The sharp correction has brought down valuations from their previous peaks especially in the large and midcap segments (please see the chart below). In current market conditions, large and midcaps may offer attractive investment opportunities for long term investors.

Source: NSE, Advisorkhoj Research as on 30^th April 2026

What are Large and Midcap Funds

According to SEBI's directive, large and midcap schemes must mandatorily invest at least 35% of its assets in large cap stocks and at least 35% of its assets in midcap stocks. SEBI classifies the top 100 stocks by market capitalization as large cap stocks and the next 150 stocks by market capitalization as midcap stocks. While SEBI prescribes minimum allocations to large- and mid-cap stocks, fund managers retain discretion over the remaining portfolio based on their assessment of investment opportunities.

Wealth Creation with SBI Large and midcap Fund

The credentials of SBI Large and Midcap fund as a wealth creator is quite strong. Rs 10,000 monthly SIP in the scheme would have grown to corpus of Rs 1.29 Crores in the last 20 years (as on 30^th April 2026), with a cumulative investment of just Rs 24 lakhs.

Source: Advisorkhoj Research as on 30^th April 2026

Performance consistency relative to peers - Quartile Ranking

SBI Large & Midcap Fund consistently delivered superior performance relative to its peers. Please see the chart below that shows the quarterly quartile ranking of the scheme in the last 5 quartiles since March 2025. In the 5 quarters, SBI Large & Midcap Fund has been in Top 2 quartiles 4 times.

Source: Advisorkhoj Research as on 31^st March 2026

The fund has shown strong performance consistency even in the long term. In the last 10 years, SBI Large and Midcap Fund was in the top 2 quartiles, 6 times.

Source: Advisorkhoj Research as on 31^st December 2025

Rolling Returns

The chart below shows the 5 year rolling returns of SBI Large and Midcap Fund versus the large and midcap category average over the last 20 years. You can see that the scheme consistently outperformed the large and midcap funds category over 5 year investment tenures over the last 20 years.

Source: Advisorkhoj Rolling Returns as on 6^th May 2026

The table below shows that the rolling returns distribution of the fund across different investment tenures over the last 20 years. You can see that the fund consistently had higher instances of 12%+ CAGR returns compared to the category average across different investment tenures.

Source: Advisorkhoj Rolling Returns as on 6^th May 2026. Fund: SBI Large and Midcap Fund. Category: Large and Midcap Funds

Limited Downside Risks

The chart below shows the drawdowns experienced by the fund in comparison to the benchmark Nifty Large Midcap 250TRI in the last 2 years since 1^st January 2024 to 30^th April 2026, which has been a most volatile period in Indian markets. As you can see that the fund has been able to limit the downsides in comparison to its benchmark. The maximum drawdown recorded for the fund was 15% Vs the benchmark which fell to a maximum of 19%.

Source: Advisorkhoj Research as on 6^th May 2026

Current Portfolio Construct

Source: Advisorkhoj Research, SBI MF as on 30^th April 2026

Who should invest in SBI Large & Midcap Fund?

• Investors looking for capital appreciation or wealth creation over long investment horizon.


• You should have high risk appetite for this scheme.


• The scheme may be suitable for long term financial goals like retirement planning, children's higher education, children's marriage, wealth creation etc.


• You should have minimum 5 years investment tenure for this scheme.


• You can invest in this scheme either in lump sum or SIP depending on your investment needs.


• If you have lump sum funds but are worried about volatility in the short term, then you can invest your funds in SBI Liquid Fund and then transfer it to SBI Large and Midcap Fund through Systematic Transfer Plan (STP) over a period of time.

Investors should consult with their financial advisors or mutual fund distributor if SBI Large & Midcap Fund is suitable for their investment needs.