December 30, 2025
RA Jainee
Axis Large & Mid Cap Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 36.83 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 26.66 |
| Min. Investment (Rs.) | 100 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY Large Midcap 250 TRI |
| AUM Rs. | 15,605 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.60% |
| 1 Year Return (%) | 4.66 |
| 3 Year Return (%) | 21.27 |
| 5 Year Return (%) | 19.45 |
| 10 Year Return (%) | — |
| Return Since Launch | 19.90% |
⚖️ Sahifund Review – Axis Large & Mid Cap Fund
✓ PLUS: Stability, diversification, cost efficiency
Axis Large & Mid Cap Fund offers a balanced exposure between large and mid-cap stocks, making it suitable for investors seeking moderated volatility with growth potential. The fund has delivered strong long-term performance, with nearly 20% returns since launch and healthy 3–5 year CAGR. Low expense ratio of 0.60% enhances long-term compounding. A well-diversified portfolio of over 100 stocks reduces concentration risk, while experienced fund managers add process-driven stability.
⚖️ MINUS: Large AUM, average recent returns, muted momentum
With AUM above Rs. 15,600 Cr, agility may be limited in fast-changing market conditions. 1-year returns are modest, trailing both benchmark and top peers during recent rallies. Portfolio tilt leans slightly towards large caps, which may lag in sharp mid-cap upcycles. Higher turnover also indicates more frequent churning.
Sahifund Verdict:
A steady large & mid-cap core holding for SIP investors, best suited for those seeking consistency and reasonable growth rather than aggressive outperformance.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.
This fund invests in a combination of large- and medium-sized companies, providing reasonable degree of flexibility to the fund management team to invest in companies of different sizes, depending on where it expects maximum gains. We believe this flexibility is good for fund investors, but we suggest you also consider flexi-cap funds which offer complete freedom to fund managers to choose companies of different sizes.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
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.
Fund Manager:
1) Hitesh Das
Education: Mr. Das is a PGDM, M.Tech, B.Tech
Experience: Prior to joining Axis Mutual Fund, he has worked with Barclays Securities India Pvt. Ltd., Credit Suisse Securities (India) Pvt. Ltd., Ebusinessware (India) Pvt. Ltd., Yes Bank.
2) Shreyash Devalkar
Education: Mr. Devalkar is a B.Tech from UDCT Mumbai and PGDM (Management) from JBIMS Mumbai University
Experience: Prior to joining Axis Mutual Fund he has worked with BNP Paribas Mutual Fund as a Fund Manager, IDFC Capital, JP Morgan Services India and Calyon Bank.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days |
Basic Details of Axis Large & Mid Cap Fund
| Fund House | Axis Mutual Fund |
| Launch Date | 22-Oct-18 |
| Return Since Launch | 19.90% |
| Benchmark | NIFTY Large Midcap 250 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 15,605 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.60% |
| (As on 30-Nov-2025) | |
| Risk Grade | Average |
| Return Grade | Average |
| Turnover | 60.00% |
Trailing Returns (%) of Axis Large & Mid Cap Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis Large & Mid Cap Dir | 5.02 | -0.41 | -1.21 | 3.28 | 2.11 | 4.66 | 21.27 | 19.45 | 20.33 | — |
| BSE Large Mid Cap TRI | 8.49 | -0.31 | -0.66 | 5.19 | 2.21 | 8.14 | 16.02 | 17.10 | 15.52 | — |
| Equity: Large & MidCap | 3.21 | -0.39 | -1.16 | 4.30 | 1.05 | 2.93 | 19.42 | 20.01 | 18.00 | — |
| Rank within category | 26 | 39 | 40 | 51 | 25 | 26 | 10 | 15 | 1 | — |
| Number of funds in category | 54 | 64 | 64 | 64 | 60 | 54 | 36 | 26 | 21 | 18 |
Peer Comparison of Axis Large & Mid Cap Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Axis Large & Mid Cap Dir | 3 star | 4.66 | 21.27 | 19.45 | 0.60 | 15,605 | 19.90 | 1.00 (365) | 7Y 2M | 60.00 |
| SBI Large & Midcap Dir | 4 star | 10.31 | 19.09 | 20.88 | 0.73 | 37,045 | 17.23 | 0.10 (30) | 12Y 11M | 26.00 |
| HDFC Large and Mid Cap Dir | 4 star | 6.42 | 21.62 | 23.09 | 0.84 | 28,892 | 13.98 | 1.00 (365) | 12Y 11M | 3.47 |
| ICICI Pru Large & Mid Cap Dir | 5 star | 13.93 | 22.41 | 24.22 | 0.77 | 26,939 | 16.84 | 1.00 (30) | 12Y 11M | 56.00 |
| Motilal Oswal Large and Midcap Dir | 5 star | -2.84 | 26.96 | 24.92 | 0.69 | 15,146 | 23.37 | 1.00 (365) | 6Y 2M | 36.00 |
Portfolio Analysis of Axis Large & Mid Cap Fund
| No. of Stocks | 110 |
| Top 10 Stocks | 28.28% |
| Top 5 Stocks | 18.82% |
| Top 3 Sectors | 56.54% |
| Portfolio P/B Ratio | 4.86 |
| Portfolio P/E Ratio | 31.54 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,31,513 | 1,88,108 |
| Giant (%) | 50.10 | 48.68 |
| Large (%) | 24.60 | 29.22 |
| Mid (%) | 25.29 | 20.54 |
| Small (%) | 0.01 | 4.38 |
| Tiny (%) | — | 0.08 |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
Apply Online: https://www.axismf.com/Online/Login OR https://www.axismf.com/mutual-funds
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