Fundalysisby DARKHORSESTOCKS

Scheme

ICICI Prudential Large Mid Cap Fund

Holds 120 companies worth ₹30,972 Cr in Sept 2026.

  • Fund house

    ICICIThe fund house that runs this scheme.

  • AUM

    ₹31,628 CrICICI Prudential Large Mid Cap Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 5.8% on Aug 2026, ₹33,592 Cr.

  • Largest holding

    Interglobe Aviation LimitedInterglobe Aviation Limited is 4.9% of this scheme's NAV.

  • Fund manager

    Lalit KumarRuns it since 15 Jun 2026, as the fund house dates it. With Gaurav Jain (fund manager).

Overview(31 Aug 2026)

Fund managers2

  1. Lalit KumarFund manager · Jun 2026 · 15y · PGDM
  2. Gaurav JainFund manager · Jun 2026 · 10y · CS B.Com
  1. Ihab DalwaiJun 2022 – Jun 2026

Key facts

Benchmark
Nifty LargeMidcap 250 TRI
Risk
Very High
Expense
Regular 1.33% · Direct 0.67%
Exit load
1% within 1 month
Started
9 Jul 1998
Minimum
₹500

Source.Its Scheme Summary Document as of 31 Aug 2026 at AMFI.

What changed(6 changes)

Aug 2026

2 changes
  1. Expense ratio
    31 AugRegular 1.57% → 1.33%Direct 0.76% → 0.67%
  2. Category
    31 AugEquity Scheme - Large and Midcap Fund → Equity Scheme - Large & Midcap Fund

Jun 2026

4 changes
  1. Lalit Kumar joined
    14 Junas fund manager
  2. Gaurav Jain joined
    14 Junas fund manager
  3. Ihab Dalwai left
    14 Junran it as fund manager from Jun 2022
  4. Expense ratio
    14 JunRegular 1.65% → 1.57%Direct 0.77% → 0.76%

Source.Its filings at NSE, since Sept 2025.

Fund managers over time(Jun 2022 – now)

  1. Lalit Kumar
  2. Gaurav Jain
  3. Ihab Dalwai
MainCoSlice2023202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Sept 2025 – Aug 2026)

Every change to the expense ratio, newest first.
3 changesRegularDirectΔ pt
31 Aug 20261.33%0.67%0.09
14 Jun 20261.57%0.76%0.01
24 Sept 20251.65%0.77%–
Direct plan, 31 Aug 2026
0.67%
Regular plan 1.33% · Exit load 1% within 1 month
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(31 Aug 2026)

Objective

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. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
Open Ended
Benchmark
Nifty LargeMidcap 250 TRI
Benchmark 2
Nifty 50 TRI

Asset allocation it may hold% of NAV

  1. Equity & Equity related instruments of largecap companies
    Allowed35–65%
  2. Equity & Equity related instruments of Midcap companies
    Allowed35–65%
  3. Equity & Equity related instruments of other than large & mid cap companies
    Allowed0–30%
  4. Money market instruments, other liquid instruments^, Units of Overnight funds, Liquid funds and Money Market funds
    Allowed0–30%
  5. Units issued by InVITs
    Allowed0–30%Holds0.0%

Holds in Sept 2026.97.9% equity · 2.1% debt and cash

How to invest(31 Aug 2026)

Buying

To start
₹500, then in multiples of ₹1
To add
₹500, then in multiples of ₹1
SIP how often
Daily,Weekly,Fortnightly,Monthly,Quarterly
SIP dates
Daily = Daily (only business days) Weekly = Anyday (Monday to Friday)* Fortnightly = 1st and 16th day of each month as applicable Monthly = Any day* Quarterly = Any day* *In case the date chosen for SIP falls on a Non-Business Day or on a date which is not available in a particular month, the SIP will beprocessed on the immediate next Business Day.
SIP minimum
Daily,Weekly,Fortnightly,Monthly = Rs. 100 Quarterly = Rs. 5,000 Choti SIP = Monthly = Rs. 250 only (For classifying as Choti SIP amount should not be more or less than Rs.250/-), then re. 1/-
SIP instalments
Daily,Weekly,Fortnightly,Monthly = 6 Quarterly = 4 Choti SIP = Monthly = 60

Selling and switching

To redeem
Any amount
Switch minimum
₹500
Switch multiples
Any amount
STP how often
Daily,Weekly,Fortnightly,Monthly,Quarterly
STP dates
Daily = Daily (only business days) Weekly = Anyday (Monday to Friday)* Fortnightly = 1st and 16th day of each month as applicable Monthly = Any day* Quarterly = Any day* *In case the date chosen for STP falls on a non-business day or on a day which is not available in a particular month, the STP will be processed on the immediate next business day.
STP minimum
Monthly, Weekly,Fortnightly, Quarterly = Rs. 1,000 Daily = Rs. 250, then re. 1/-
STP instalments
Daily,Weekly,Fortnightly, Monthly = 6 Quarterly = 4
SWP how often
Monthly,Quarterly, Half Yearly,Annual
SWP dates
Monthly = Any day* Quarterly= Any day* Half Yearly = Any day* Annual = Any day* *In case none of the frequencies has been selected then Monthly frequency shall be considered as the Default frequency and where no withdrawal date is selected, 1st business day of the month shall be considered as the default SWP date.
SWP minimum
Any amount, then re. 1
SWP instalments
Monthly,Quarterly, Half Yearly,Annual = 2

Scheme details(31 Aug 2026)

What it is

Category
Equity Scheme - Large & Midcap Fund
Offer
9 Jul 1998
Started
9 Jul 1998
Reopened
15 Jul 1998
Plans
ICICI Prudential Large & Mid Cap Fund- Direct Plan - Growth ICICI Prudential Large & Mid Cap Fund- Direct Plan - IDCW ICICI Prudential Large & Mid Cap Fund- Growth ICICI Prudential Large & Mid Cap Fund- IDCW
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
Enabling provisions for Segregated Portfolio are available
Custodian
Citibank N.A., HDFC Bank Limited, HSBC and SBI-SG Global Securities Services Private Limited
Auditor
BSR & Co. LLP
Registrar
Computer Age Management Services Limited
SEBI code
ICIC/O/E/LMF/98/05/0001