diff --git a/lms/djangoapps/courseware/courses.py b/lms/djangoapps/courseware/courses.py
index 0ff6a11a62..f239c8052e 100644
--- a/lms/djangoapps/courseware/courses.py
+++ b/lms/djangoapps/courseware/courses.py
@@ -16,7 +16,7 @@ from django.core.cache import cache
 from django.http import Http404, QueryDict
 from django.urls import reverse
 from django.utils.translation import gettext as _
-from edx_django_utils.monitoring import function_trace
+from edx_django_utils.monitoring import function_trace, set_custom_attribute
 from fs.errors import ResourceNotFound
 from opaque_keys.edx.keys import UsageKey
 from path import Path as path
@@ -792,7 +792,16 @@ def get_assignments_grades(user, course_id, cache_timeout):
         collected_block_structure = cache.get(cache_key)
         if not collected_block_structure:
             collected_block_structure = get_block_structure_manager(course_id).get_collected()
-            cache.set(cache_key, collected_block_structure, cache_timeout)
+
+            total_bytes_in_one_mb = 1024 * 1024
+            data_size_in_mbs = round(len(collected_block_structure) / total_bytes_in_one_mb, 2)
+            if data_size_in_mbs < total_bytes_in_one_mb * 2:
+                cache.set(cache_key, collected_block_structure, cache_timeout)
+            else:
+                # .. custom_attribute_name: collected_block_structure_size_in_mbs
+                # .. custom_attribute_description: contains the data chunk size in MBs. The size on which
+                #   the memcached client failed to store value in cache.
+                set_custom_attribute('collected_block_structure_size_in_mbs', data_size_in_mbs)
 
         course_grade = CourseGradeFactory().read(user, collected_block_structure=collected_block_structure)