Contents
Key details of the Choice Large & Mid Cap Fund NFO
| Fund house | Choice Mutual Fund |
|---|---|
| Category (AMFI) | Equity Schemes - Large & Mid Cap Fund |
| Scheme type | Open Ended |
| NFO opens | 20 October 2026 |
| NFO closes | 3 November 2026 |
| Offer price | ₹10 a unit |
| Minimum investment | ₹1,000 |
| Exit load | Nil |
| Scheme information document | Read on AMFI (PDF) |
What Choice Large & Mid Cap Fund will invest in
The scheme information document states the objective as: “The objective of the scheme is to generate long-term capital appreciation through a portfolio predominantly invested in equity and equity related instruments of large cap and mid cap companies.”
How it compares with existing large & mid cap funds
- It joins 36 existing large & mid cap funds, according to AMFI's NAV list.
- Over the past one year to 27 October 2026, the 33 with that long a record returned a median of −4.3%, from −13.7% for the weakest to 3.7% for the strongest.
- Over the past three years to 27 October 2026, the 24 with that long a record returned a median of 12.4% a year, from 5.8% for the weakest to 16.8% for the strongest.
| Period | Funds | Lowest | Median | Highest |
|---|---|---|---|---|
| 1 year | 33 | −13.7% | −4.3% | 3.7% |
| 3 years (per year) | 24 | 5.8% | 12.4% | 16.8% |
Direct-Growth plans. Returns are from AMFI daily NAVs, annualised for three years, and leave out figures distorted by unit splits.
Other funds’ returns do not tell you how this fund will do. They show what the category or index has delivered and how far results have varied between funds.
Existing large & mid cap funds analysed by Genvest
Each page shows the fund's returns against the category, its worst fall, its 3-year rolling returns and its cost. Largest funds first:
What to check before investing in this NFO
- The ₹10 price is not a discount. Units start at ₹10 only to set the unit count. Returns depend on how the fund's investments move, in percentage terms, exactly as for an existing fund.
- There is no track record yet. A new fund has no returns of its own to judge. The fund manager's other schemes, and how existing large & mid cap funds have done over several years, are the closest guide.
- Overlap with what you already own. If you already hold large & mid cap funds, or a flexi cap or large cap fund, check how much this fund's likely holdings would repeat them.
- Direct plan and costs. The direct plan pays no distributor commission, so its expense ratio is lower than the regular plan’s. Over many years the difference compounds.
After the NFO closes
Units are allotted after the offer closes. The fund then publishes a daily NAV and reopens for regular purchases, SIPs and redemptions.
Once a fund has a record, Genvest Research shows its returns against its benchmark, volatility and drawdowns.
Questions people ask
The NFO closes on 3 November 2026. Fund houses can extend or close an NFO early, so check the fund house's notices close to the date.
The minimum is ₹1,000 during the NFO, according to AMFI's listing. Units are offered at ₹10 each.
No. The ₹10 starting price only sets the unit count. What you earn depends on the percentage change in the fund's investments, which is the same whether a unit costs ₹10 or ₹500.
No exit load is listed for this scheme.
That depends on what you already own and why you would add this fund. A new fund has no record of its own, so compare it with existing large & mid cap funds: their costs, their returns over several years and how much they overlap with funds you hold. This page explains the facts; it is not a recommendation.
Other NFOs open now
| Fund | Type | Closes | Minimum | Existing funds |
|---|---|---|---|---|
| Axis Nifty EV & New Age Automotive Index FundAxis | Index fund · Nifty EV & New Age Automotive | 30 OctCloses tomorrow | ₹100 | 2 on the same index |
| Carnelian Small Cap FundCarnelian | Small cap | 30 OctCloses tomorrow | ₹500 | 36 in the category |
| ICICI Prudential BSE Power ETFICICI Prudential | ETF · BSE Power | 30 OctCloses tomorrow | ₹1,000 | 1 on the same index |
| Samco Equity Savings FundSamco | Equity savings | 2 NovCloses in 4 days | ₹5,000 | 22 in the category |
| UTI Financial Services Debt FundUTI | Sectoral debt | 2 NovCloses in 4 days | ₹500 | 2 in the category |
| Motilal Oswal Multi Asset Omni Fund of FundsMotilal Oswal | Fund of funds | 4 NovCloses in 6 days | ₹500 | – |
| Navi Multi Asset Omni FoFNavi | Fund of funds | 4 NovCloses in 6 days | ₹100 | – |
| UTI Nifty India New Age Consumption Index FundUTI | Index fund · Nifty India New Age Consumption | 5 NovCloses in 7 days | ₹1,000 | 1 on the same index |
Sources
- AMFI new fund offer list.
- Choice Large & Mid Cap Fund scheme information document.
- AMFI daily NAVs to 27 Oct, for existing funds.
This page is educational research based on AMFI data and scheme information documents. It is not a recommendation to invest in any scheme, or personalised investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past performance of other funds does not indicate how a new fund will perform. Registration granted by SEBI, enlistment with IAASB and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.