Motilal Oswal Large and Midcap Fund has emerged as the top-performing scheme in the large-and-mid-cap mutual fund category based on three-year compounded annual growth rate returns. According to data compiled by ACE MF as of June 22, 2026, the fund delivered a three-year CAGR return of 23.9 percent, placing it ahead of other schemes in the category.

The performance highlights the fund's ability to generate strong long-term returns across varying market conditions. Large-and-mid-cap funds are mandated to invest a minimum of 35 percent each in large-cap and mid-cap stocks, providing investors with a balance between stability and growth opportunities.

The fund also delivered a one-year CAGR return of 8.9 percent, reflecting its resilience despite periods of market volatility. The category has benefited from sustained investor interest as market participants seek diversified exposure to established large-cap companies and higher-growth mid-cap businesses.

Industry data indicates that several large-and-mid-cap schemes have generated healthy returns over the medium term, supported by strong earnings growth across sectors and continued participation from domestic investors. Motilal Oswal Large and Midcap Fund's leading position underscores the growing importance of active fund management and stock selection in generating alpha within diversified equity portfolios.

Investors are generally advised to evaluate mutual fund investments based on their financial goals, risk tolerance, investment horizon, and consistency of performance rather than relying solely on short-term return rankings.