The large & mid cap mutual fund category lost around 4.10% in the January-March quarter in 2023. The large & mid cap schemes are benchmarked against NIFTY LargeMidcap 250 - TRI, S&P BSE 250 LargeMidCap Index - TRI, and NIFTY 50 - TRI. These benchmarks lost 5.06%, 5.63%, and 4.03% respectively in the quarter.