Axis Large & Mid Cap Fund
The scheme seeks to generate long term capital appreciation by investing in a diversified portfolio of Equity & Equity Related Instruments both in India as well as overseas.
Growthvine rating: 3/5 — ranked #10 of 39 in category.
Fund basics
| Category | Equity: Large & Mid Cap |
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| NAV | ₹35.37 (as of 2026-08-21) |
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| AUM | ₹16,802 Cr |
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| Expense ratio | 1.43% |
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| Riskometer | Very High |
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| Fund manager | Hitesh Das |
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| Exit load | 0 |
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Performance & risk
| 5-year annualised return | 12.53% |
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| Sharpe ratio | 0.67 |
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| Standard deviation | 14.13% |
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| Max drawdown | -32.02% |
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| Alpha | 3.21 |
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| Beta | 0.91 |
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Over 5 years, captured 92.6% of NIFTY LargeMidcap 250's upside and 97.7% of its downside.
Market cap allocation
| Large cap | 51.9% |
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| Mid cap | 40.8% |
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| Small cap | 7.3% |
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Concentration
| Top 5 holdings | 15.3% |
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| Top 10 holdings | 24.8% |
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| Total holdings | 102 |
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| Index overlap | 45.4% |
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| Active share | 54.6% |
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Top holdings
- ICICI Bank Ltd. — 4.7%
- HDFC Bank Ltd. — 3.5%
- Clearing Corporation of India Ltd — 2.8%
- Eternal Limited — 2.5%
- Sona BLW Precision Forgings Limited — 2.4%
- Federal Bank Ltd. — 2.1%
- Bharti Airtel Ltd. — 2.0%
- Shriram Finance Limited — 2.0%
- Reliance Industries Ltd — 2.0%
- Divis Laboratories Ltd. — 1.8%
Top sectors
- Banking & Financial — 20.8%
- Automobile — 10.7%
- Retail — 6.7%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 6.1% | Q1 (Top) | #7 of 38 |
| 2025 | 4.1% | Q3 | #21 of 34 |
| 2024 | 25.5% | Q2 | #10 of 29 |
| 2023 | 31.0% | Q2 | #10 of 28 |
| 2022 | -8.9% | Q4 (Bottom) | #27 of 28 |