Invesco India Large & Mid Cap Fund has become the top-performing fund in its category, delivering a 23.4% three-year CAGR. The fund significantly outperformed its benchmark, which saw a return of only 8.5% during the same period. Investors should note that while this fund leads in long-term data, category rankings often shift when comparing different timeframes like one-month or one-year returns.
The Invesco India Large & Mid Cap Fund has secured the leading position among large-and-mid-cap mutual funds, recording a 23.4% compounded annual growth rate (CAGR) over the past three years. This data, current as of July 29, 2026, highlights a period of strong relative performance for the scheme within a competitive category.
Comparing Fund Performance
When looking at the three-year performance, other notable funds in the category also showed steady results. The Motilal Oswal Large & Midcap Fund recorded a 21.1% CAGR, while the Bandhan Large & Mid Cap Fund followed with an 18.5% return. These rankings are based on funds with assets under management (AUM) exceeding ₹1,500 crore, providing a filter to ensure the comparison involves schemes of a substantial size.
The Invesco fund's performance stands out particularly against its benchmark index. Over the three-year window, the fund outpaced the benchmark by 14.8 percentage points, as the benchmark returned only 8.5%. This trend of outperforming the benchmark also appeared in one-year returns, where the fund delivered 8.8% against the benchmark’s -1.2% result, marking a 10 percentage point gap.
Why Timeframes Matter
While long-term figures often catch the eye, mutual fund performance can vary significantly across different durations. For instance, while the Invesco fund leads the three-year charts, other funds show strength in shorter periods. The ICICI Pru Large & Mid Cap Fund, which holds the largest asset base in the group at ₹30,971.1 crore, recorded a 3.2% return over the past month and an 11.2% return over the past three months. Meanwhile, the HSBC Large & Mid Cap Fund outperformed others over a one-year horizon with an 11.1% return.
For investors, these variations reinforce the importance of looking beyond a single performance metric. A fund that leads over three years may not necessarily lead over a one-month or one-year period. Understanding how a fund manager navigates different market cycles—whether in short bursts or over several years—is critical for matching an investment with personal financial goals. Investors may track future updates in these rankings, as changes in portfolio strategy, asset size, and overall market conditions can influence how these funds perform relative to one another in the coming quarters.