Nippon India Vision Large & Mid Cap Fund, launched on October 8, 1995, has created massive wealth for long-term investors. A monthly SIP of just ₹1,000 invested since launch has grown to ₹1.13 crore by October 31, 2025. The total investment over 30 years was only ₹3.6 lakh, delivering a strong SIP CAGR of 18.44%.

Strong NAV and AUM Growth

As of November 18, 2025, the fund’s NAV is ₹1,509.23, and its AUM stands at ₹6,690.47 crore, showing steady investor trust. It is benchmarked against the Nifty LargeMidcap 250 TRI and is managed by Aishwarya Deepak Agrawal since June 2021.

Consistency Through Market Cycles

The fund has navigated major events like the dotcom crash, the 2008 financial crisis, the COVID-19 crash, and the post-pandemic rally.

• 2025 return: 6.03%
• 2024 return: 25.41%
• 2023 return: 34.25%

Returns have ranged from +41.39% (2017) to –16.86% (2018), showing typical market cycles in large & mid-cap investing. Its Sharpe ratio of 1.04 is higher than the benchmark’s 0.71, highlighting better risk-adjusted returns.

Risk Profile

The fund maintains a balanced risk approach:

• Standard deviation: 12.94
• Beta: 0.97
• R-squared: 0.93

These numbers show the fund moves almost in line with the market but still has room to generate extra returns.

Portfolio Snapshot

The fund holds 79 stocks, mainly in:

• Financials: 25.29%
• Consumer discretionary: 19.10%
• Industrials: 15.34%

Top holdings include HDFC Bank, ICICI Bank, and Reliance Industries.

The fund also adds selective mid-cap names like FSN E-Commerce and Eternal Technologies for extra growth.

Valuations remain reasonable with:

• P/E: 30.47
• P/B: 4.36

Portfolio companies have reported 22.77% earnings growth over three years.

Returns Across Timeframes

Who Should Invest?

With a 1% exit load within 12 months and lower direct plan expenses (1.22%), this fund suits investors with a 5–7 year minimum horizon who want both stability (large caps) and growth (mid caps).

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Peer Comparison

Large & Mid Cap funds have seen strong competition, especially from Quant Mutual Fund:

• Quant Large & Mid Cap Fund: Top performer across 6-month, 3-year, 5-year periods
• Quant Momentum Fund: Leads with 44.49% 1-year return

Motilal Oswal and Axis funds also show solid long-term consistency.

Top Peer Returns (Snapshot)

6 Months:

1. Quant Large & Mid Cap – 13.15%
2. Quant Momentum – 12.87%
3. HSBC Large & Mid Cap – 10.79%

1 Year:

1. Quant Momentum – 44.49%
2. Quant Large & Mid Cap – 33.04%
3. Motilal Oswal Large & Midcap – 22.75%

3 Years:

1. Quant Momentum – 28.26%
2. Quant Large & Mid Cap – 23.24%
3. Baroda BNP Large & Mid Cap – 22.64%

5 Years:

1. Quant Large & Mid Cap – 22.27%
2. Motilal Oswal Large & Midcap – 20.88%
3. Axis Large & Mid Cap – 20.88%

Conclusion

The Nippon India Vision Large & Mid Cap Fund shows how disciplined, long-term investing can turn small SIPs into huge wealth. A simple ₹1,000 monthly SIP becoming ₹1.13 crore in 30 years proves the true power of compounding, patience, and staying invested through every market phase.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.