Investment Objective and Approach

The scheme seeks to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of large-cap and mid-cap companies. This fund invests in a combination of large- and medium-sized companies, providing reasonable degree of flexibility to the fund management team to invest in companies of different sizes, depending on where it expects maximum gains.

The fund follows a balanced investment approach by diversifying across both established large-cap companies and growth-oriented mid-cap companies. This strategy aims to capture the stability of large-cap stocks while benefiting from the higher growth potential of mid-cap companies.

Investment Strategy:

- Portfolio predominantly consists of large-cap and mid-cap equity securities

- Focus on companies with strong fundamentals and growth potential

- Active stock selection based on thorough research and analysis

- Long-term investment horizon with capital appreciation as primary objective

Fund Managers

S Naren, Prakash Gaurav Goel is the Current Fund Manager of ICICI Prudential Large & Mid Cap Fund Direct Plan Growth fund.

S Naren - Chief Investment Officer:

Mr. Sankaran Naren is the Chief Investment Officer (CIO) with over 28 years of experience. As the strategist and executor for ICICI Bank Mutual Fund and the International Advisory segment, he is pivotal in shaping and implementing strategies. He joined ICICI Bank Mutual Fund in 2004. He holds a B.Tech degree from IIT Chennai and an MBA in Finance from IIM Kolkata.

Mr. Sankaran Naren oversees investment functions across the Mutual Fund and International Advisory Business of ICICI Mutual Fund. He has been instrumental in the overall investment strategy development and execution at the company. He is the leading voice on the Indian capital markets and has myriad awards to his name in fund management.

Prakash Gaurav Goel - Fund Manager:

Mr. Prakash Gaurav Goel is a Chartered Accountant and Bachelor of Commerce. Prior to joining ICICI Prudential Mutual fund, he has worked with IREVNA Research & Hindustan Unilever.

About the Fund House (AMC)

ICICI Prudential Asset Management Company Limited is one of India's leading fund houses with a rich legacy in the mutual fund industry. This scheme was made available to investors on 12 Oct 1993. The company has built a strong reputation for delivering consistent performance across various fund categories.

Key Highlights:

- ICICI Prudential Mutual Fund Asset management company has an AUM of ₹983,726.26 Cr.

- No. of Schemes 331

- Strong research capabilities with experienced investment professionals

- Comprehensive product suite covering equity, debt, and hybrid funds

- Focus on long-term wealth creation for investors

The fund house has established itself as a trusted partner for millions of investors across India, offering innovative investment solutions backed by robust research and risk management processes.

Should I Invest in ICICI Prudential Large & Mid Cap Fund?

This fund is suitable for investors looking for:

Ideal for:

- Investors with a long-term investment horizon (minimum 5 years)

- Those seeking exposure to both large-cap stability and mid-cap growth potential

- Investors with moderate to high risk tolerance

- Portfolio diversification across market capitalizations

Key Considerations:

- If your risk appetite is on the moderate to high side and you are patient enough to wait for substantial returns, you can think of this fund after due evaluation of your investment and financial goals.

- When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.

- Warning: Do not invest in this, or any other large & mid-cap fund, if you need to redeem your investment in less than five years.

Financial Performance (as of August 2025):

- Latest NAV as of 28 Aug 2025 is ₹1,105.61

- AUM of ₹23,246.14 Crores as on 29 Aug 2025

- The fund has delivered a CAGR of 16.99% since inception

- Over the past five years, the fund has delivered an annualised return of 27.42% as of 17-Aug-2025

FAQs

What is today's NAV of ICICI Prudential Large & Mid Cap Fund?

The latest NAV as of 28 Aug 2025 is ₹1,105.61. NAV is updated daily based on market performance.

What is the AUM of ICICI Prudential Large & Mid Cap Fund?

The fund has an AUM of ₹23,246.14 Crores as on 29 Aug 2025. This reflects strong investor confidence in the fund.

What is the expense ratio of ICICI Prudential Large & Mid Cap Fund?

The expense ratio of ICICI Prudential Large and Mid Cap Fund is 0.77%. This is the annual fee charged for fund management.

What are the returns of ICICI Prudential Large & Mid Cap Fund since inception?

The fund has delivered a CAGR of 16.99% since inception. The scheme return performance is 613.62% since scheme launch.

What is the minimum SIP amount to invest in ICICI Prudential Large & Mid Cap Fund?

Minimum SIP Investment is set to ₹100. This makes it accessible for retail investors to start their investment journey.

How do I invest in ICICI Prudential Large & Mid Cap Fund?

You can invest through Allvest platform by selecting the fund, choosing SIP or lump sum option, completing KYC formalities, and making payment through various modes available.

How to start a SIP in ICICI Prudential Large & Mid Cap Fund?

Log into your Allvest account, select the fund, choose SIP option, set amount and date, complete the payment setup. In case of an SIP, select the amount and date and click 'Start SIP'. Enter your desired SIP amount and the SIP date.

How do I automate an SIP in ICICI Prudential Large & Mid Cap Fund?

Once you create an SIP, click on 'Set up autopay' to enable automatic deduction from your bank account on the chosen date every month.

How can I withdraw/redeem my investment in ICICI Prudential Large & Mid Cap Fund?

You can redeem your investment through Allvest platform by placing a redemption request. Exit load of 1% if redeemed within 1 month. Funds are typically credited within 3-4 working days.