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Aditya Birla Sun Life Large & Mid Cap Fund - Growth - Direct Plan vs Invesco India Large & Mid Cap Fund - Direct Plan - Growth
Aditya Birla Sun Life Large & Mid Cap Fund and Invesco India Large & Mid Cap Fund are both in the Large & Mid Cap Fund category, from Aditya Birla Sun Life AMC Limited and Invesco Asset Management (India) Private Limited respectively. Invesco India Large & Mid Cap Fund has posted a higher 3-year rolling CAGR. Invesco India Large & Mid Cap Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Invesco India Large & Mid Cap Fund has the lower direct-plan expense ratio, by 0.49 percentage points.
| Aditya Birla Sun Life Large & Mid Cap Fund - Growth - Direct Plan | Invesco India Large & Mid Cap Fund - Direct Plan - Growth | |
|---|---|---|
| Category | Large & Mid Cap Fund | Large & Mid Cap Fund |
| AMC | Aditya Birla Sun Life AMC Limited | Invesco Asset Management (India) Private Limited |
| Benchmark | NIFTY LargeMidcap 250 TRI | NIFTY LargeMidcap 250 TRI |
| NAV | ₹1003.78 (2026-10-28) | ₹123.72 (2026-10-28) |
| AUM | ₹5,377.851 Cr | ₹11,971.73 Cr |
| Expense Ratio (Direct) | 1.28% | 0.79% |
| Inception | 1995-02-24 | 2007-07-09 |
Returns
Invesco India Large & Mid Cap Fund leads on 3-year rolling CAGR (18.1% vs Aditya Birla Sun Life Large & Mid Cap Fund's 14.6%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Invesco India Large & Mid Cap Fund has been the more volatile of the two by standard deviation.
| Aditya Birla Sun Life Large & Mid Cap Fund - Growth - Direct Plan | Invesco India Large & Mid Cap Fund - Direct Plan - Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.08 | 0.67 |
| 3Y Alpha | -1.5604% | 8.5726% |
| 3Y Std Deviation | 15.3753% | 17.2123% |
| 3Y Calmar Ratio | 0.40 | 1.00 |
Portfolio Analytics
Invesco India Large & Mid Cap Fund carries the higher portfolio P/E ratio (a rougher proxy for how richly the underlying holdings are valued) - see the table below for the full comparison.
| Aditya Birla Sun Life Large & Mid Cap Fund - Growth - Direct Plan | Invesco India Large & Mid Cap Fund - Direct Plan - Growth | |
|---|---|---|
| P/E Ratio | 34.0146 | 46.3761 |
| P/B Ratio | 9.2046 | 15.3738 |
| Dividend Yield | 0.5317% | 0.2704% |
| Active Share | 72.22% | 84.76% |
| Portfolio Turnover | 52% | 31% |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
Invesco India Large & Mid Cap Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, Aditya Birla Sun Life Large & Mid Cap Fund or Invesco India Large & Mid Cap Fund?
Invesco India Large & Mid Cap Fund's 3-year rolling CAGR of 18.1% is higher than Aditya Birla Sun Life Large & Mid Cap Fund's 14.6%. Invesco India Large & Mid Cap Fund sits in the 54th percentile of its category on this metric, versus the 4th percentile for Aditya Birla Sun Life Large & Mid Cap Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, Aditya Birla Sun Life Large & Mid Cap Fund or Invesco India Large & Mid Cap Fund?
Invesco India Large & Mid Cap Fund's direct-plan expense ratio is 0.49 percentage points lower than Aditya Birla Sun Life Large & Mid Cap Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, Aditya Birla Sun Life Large & Mid Cap Fund or Invesco India Large & Mid Cap Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), Invesco India Large & Mid Cap Fund has been more volatile than Aditya Birla Sun Life Large & Mid Cap Fund over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (0.08 for Aditya Birla Sun Life Large & Mid Cap Fund vs 0.67 for Invesco India Large & Mid Cap Fund) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, Aditya Birla Sun Life Large & Mid Cap Fund or Invesco India Large & Mid Cap Fund?
Invesco India Large & Mid Cap Fund has ₹11,972 Cr in assets under management, versus ₹5,378 Cr for Aditya Birla Sun Life Large & Mid Cap Fund. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, Aditya Birla Sun Life Large & Mid Cap Fund or Invesco India Large & Mid Cap Fund?
Aditya Birla Sun Life Large & Mid Cap Fund launched on 1995-02-24, making it older than Invesco India Large & Mid Cap Fund (launched 2007-07-09). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.