Axis Large & Mid Cap Fund is a Large & Mid Cap fund run by Axis Mutual Fund. On 30-09-2026, it managed ₹16,438 Cr of investors' money. In the 3 years to 29-10-2026, its Direct plan returned 14.9% a year and its Regular plan returned 13.7% a year. Its benchmark, NIFTY LargeMidcap 250 TRI, returned 11.8% a year over the same 3 years.
NAV (Direct plan)
₹37.20
▲ 0.87% · 29-10-2026
NAV (Regular plan)
₹33.31
▲ 0.85% · 29-10-2026
Expense ratio
0.83%Direct1.87%Regular
0.83%
A year
Riskometer
Very High
Set by the fund house
3 year return
14.9%Direct13.7%Regular
14.9%
A year
Axis Large & Mid Cap Fund NAV Today
NAV on 29-10-2026: Direct Plan Growth ₹37.20 (up 0.87% that day); Regular Plan Growth ₹33.31 (up 0.85% that day).
This fund (Direct plan)
₹37.20
Axis Large & Mid Cap Fund Returns vs NIFTY LargeMidcap 250 TRI
Returns as on 29-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
−0.96%
−2.80%
+1.64%
−0.29%
+14.92%
+10.98%
--
This fund (Regular)
−1.04%
−3.03%
+1.12%
−1.36%
+13.67%
+9.67%
--
NIFTY LargeMidcap 250 TRI
−1.13%
−6.67%
−3.98%
−6.56%
+11.75%
+10.67%
--
Large & Mid Cap average
−1.78%
−5.20%
−0.43%
−3.99%
+13.28%
+11.36%
--
Best in Large & Mid Cap
+3.19%
+2.03%
+6.53%
+4.95%
+21.30%
+17.43%
--
Worst in Large & Mid Cap
−4.75%
−10.20%
−5.87%
−14.20%
+5.64%
+6.28%
--
Rank in Large & Mid Cap
9/36
4/35
8/33
5/33
6/26
13/26
--
Category rows compare the Direct plans of 36 Large & Mid Cap funds. Rank 1 is the highest return.
Axis Large & Mid Cap Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
NIFTY LargeMidcap 250 TRI
2026to date
+0.79%
−0.09%
−6.82%
2025
+5.25%
+4.12%
+8.19%
2024
+26.97%
+25.52%
+18.68%
2023
+32.47%
+30.95%
+32.66%
2022
−7.58%
−8.89%
+4.48%
2021
+46.68%
+44.56%
+37.04%
Axis Large & Mid Cap Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 1,243 periods, one for each trading day from 26-10-2021 to 29-10-2026.
0%10%20%30%40%
Axis Large & Mid Cap Fund (Direct)
NIFTY LargeMidcap 250 TRI
Mar 2019 to Mar 2022Jan 2020 to Jan 2023Dec 2020 to Dec 2023Oct 2021 to Oct 2024Aug 2022 to Aug 2025Jun 2023 to Jun 2026
Axis Large & Mid Cap Fund (Direct)NIFTY LargeMidcap 250 TRI
0%
0%
Below 0%
0%
0%
0-5%
0%
0%
5-10%
6%
8%
10-15%
34%
40%
15-20%
38%
40%
20-25%
22%
13%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
1,738
15.8%
−17.2%
89.2%
13%
11.1%
64%
2 years
1,490
22.5%
0.8%
55.7%
0%
21.1%
57%
3 years
1,243
20.8%
11.7%
31.6%
0%
20.3%
44%
5 years
750
22.5%
10.0%
29.9%
0%
20.9%
65%
7 years
254
19.5%
17.3%
20.7%
0%
17.5%
100%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
85
15.8%
−30.1%
72.9%
16%
13.4%
59%
2 years
73
18.4%
−3.2%
53.7%
3%
18.2%
60%
3 years
61
19.1%
6.0%
40.9%
0%
20.4%
57%
5 years
37
19.5%
10.7%
28.3%
0%
19.8%
46%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than NIFTY LargeMidcap 250 TRI over the same days. Past returns do not promise future returns.
Axis Large & Mid Cap Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Axis Large & Mid Cap Fund (Direct)This fund
NIFTY LargeMidcap 250 TRI
Return (CAGR)
−0.29%
−6.47%
Standard deviation
14.09%
14.95%
Sharpe ratio
-0.39
-0.78
Sortino ratio
-0.53
-1.04
Maximum drawdown
−12.3%
(30-03-2026)
−14.3%
(30-03-2026)
Beta
0.93
1.00
Alpha
+5.44%
0.00%
From daily NAVs, 29-10-2025 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Axis Large & Mid Cap Fund (Direct)This fund
NIFTY LargeMidcap 250 TRI
Return (CAGR)
+14.92%
+11.53%
Standard deviation
13.42%
14.90%
Sharpe ratio
0.66
0.37
Sortino ratio
0.91
0.50
Maximum drawdown
−17.2%
(07-04-2025)
−18.8%
(28-02-2025)
Beta
0.87
1.00
Alpha
+3.91%
0.00%
From daily NAVs, 27-10-2023 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Axis Large & Mid Cap Fund (Direct)This fund
NIFTY LargeMidcap 250 TRI
Return (CAGR)
+10.98%
+10.60%
Standard deviation
13.62%
14.85%
Sharpe ratio
0.38
0.32
Sortino ratio
0.51
0.43
Maximum drawdown
−21.1%
(20-06-2022)
−18.8%
(28-02-2025)
Beta
0.86
1.00
Alpha
+0.98%
0.00%
From daily NAVs, 29-10-2021 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Axis Large & Mid Cap Fund (Direct)This fund
NIFTY LargeMidcap 250 TRI
Return (CAGR)
+17.80%
+15.55%
Standard deviation
14.46%
16.96%
Sharpe ratio
0.87
0.61
Sortino ratio
1.18
0.80
Maximum drawdown
−31.9%
(23-03-2020)
−37.8%
(23-03-2020)
Beta
0.78
1.00
Alpha
+4.44%
0.00%
From daily NAVs, 26-10-2018 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
−40%−30%−20%−10%0%
Axis Large & Mid Cap Fund (Direct)
NIFTY LargeMidcap 250 TRI
20192020202120222023202420252026
Axis Large & Mid Cap Fund (Direct)NIFTY LargeMidcap 250 TRI
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
Axis Large & Mid Cap Fund (Direct)
−31.9%
13-02-2020
23-03-2020
24-08-2020
5 months
−6.3%
NIFTY LargeMidcap 250 TRI
−37.8%
24-01-2020
23-03-2020
05-11-2020
7 months
−8.6%
From the Direct plan's daily NAV since 26-10-2018, adjusted for unit splits, and NIFTY LargeMidcap 250 TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
Axis Large & Mid Cap Fund vs Other Large & Mid Cap Funds
The five Large & Mid Cap funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
Axis Large & Mid Cap Fund Expense Ratio and Costs
What each plan charges a year, in force from 19-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Large & Mid Cap median
Cost rank (1 = cheapest)
Direct
0.55%
0.06%
0.00%
0.22%
0.83%
1.08%
8/36
Regular
1.44%
0.06%
0.00%
0.37%
1.87%
2.30%
9/36
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Large & Mid Cap funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
−1.36%
−0.29%
1.07%
₹98,640
₹99,710
3 years
13.67%
14.92%
1.25% a year
₹1,46,872
₹1,51,770
5 years
9.67%
10.98%
1.31% a year
₹1,58,650
₹1,68,354
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
Axis Large & Mid Cap Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 26-10-2018 to 29-10-2026: 97 instalments, ₹9,70,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planAxis Large & Mid Cap Fund (Direct)
₹9,70,000
₹19,07,238
₹9,37,238
16.3%
Regular planAxis Large & Mid Cap Fund (Regular)
₹9,70,000
₹17,90,378
₹8,20,378
14.8%
NIFTY LargeMidcap 250 TRI
₹9,70,000
₹17,45,877
₹7,75,877
14.2%
Category averageCategory average, 36 Large & Mid Cap funds
₹9,70,000
₹18,11,352
₹8,41,352
15.0%
₹0₹5.0 L₹10.0 L₹15.0 L₹20.0 L₹25.0 L
Direct planAxis Large & Mid Cap Fund (Direct)
Regular planAxis Large & Mid Cap Fund (Regular)
NIFTY LargeMidcap 250 TRI
Category averageCategory average, 36 Large & Mid Cap funds
Amount invested
20192020202120222023202420252026
Direct planAxis Large & Mid Cap Fund (Direct)Regular planAxis Large & Mid Cap Fund (Regular)NIFTY LargeMidcap 250 TRICategory averageCategory average, 36 Large & Mid Cap fundsAmount invested
From each plan's published NAV (Growth option), the benchmark's TRI and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Axis Large & Mid Cap Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
96.8%Equity
Asset
Fund
Category
Equity
96.8%
95.4%
Cash and others
3.0%
3.7%
Debt
0.2%
0.9%
Market cap of stocks
Market cap
Fund
Category
Large Cap
46.0%
42.7%
Mid Cap
35.3%
37.7%
Small Cap
7.4%
13.3%
Foreign stocks
6.7%
0.2%
Not on AMFI's list
1.5%
1.5%
Share of the whole fund. Category: the average of the Large & Mid Cap funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Axis Large & Mid Cap Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Banks15.8%
Electrical Equipment8.1%
Auto Components7.2%
Pharmaceuticals & Biotechnology6.9%
Retailing5.7%
Finance5.5%
Automobiles3.8%
Capital Markets3.7%
Telecom - Services3.5%
IT - Software3.3%
The ten largest of 41 sectors. The other 31 add up to 33.5%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Banks
17.1%
16.3%
15.8%
−1.3%
Electrical Equipment
6.9%
7.8%
8.1%
+1.2%
Auto Components
6.8%
7.0%
7.2%
+0.4%
Pharmaceuticals & Biotechnology
4.8%
5.8%
6.9%
+2.1%
Retailing
5.6%
5.8%
5.7%
+0.1%
Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.
Axis Large & Mid Cap Fund Portfolio Holdings
As on 30-09-2026 · 104 holdings · from the fund house's monthly portfolio
Holdings
Sector / Rating
Weight%
Holdings trend
1M change
ICICI Bank Limited
Banks
4.43%
0.0%
HDFC Bank Limited
Banks
3.38%
0.0%
Divi's Laboratories Limited
Pharmaceuticals & Biotechnology
2.76%
0.0%
Eternal Limited
Retailing
2.68%
0.0%
Sona BLW Precision Forgings Limited
Auto Components
2.44%
−9.2%
Bharti Airtel Limited
Telecom - Services
2.28%
0.0%
Reliance Industries Limited
Petroleum Products
2.19%
+21.0%
Axis Bank Limited
Banks
2.03%
+4.6%
Multi Commodity Exchange of India Limited
Capital Markets
2.01%
0.0%
GE Vernova T&D India Limited
Electrical Equipment
1.92%
+16.8%
Apar Industries Limited
Electrical Equipment
1.79%
0.0%
Larsen & Toubro Limited
Construction
1.68%
0.0%
Bharat Heavy Electricals Limited
Electrical Equipment
1.67%
0.0%
Samvardhana Motherson International Limited
Auto Components
1.60%
+5.2%
Shriram Finance Limited
Finance
1.54%
−19.5%
Coforge Limited
IT - Software
1.45%
0.0%
Fortis Healthcare Limited
Healthcare Services
1.42%
−0.8%
Minda Corporation Limited
Auto Components
1.41%
0.0%
IndusInd Bank Limited
Banks
1.37%
0.0%
Sun Pharmaceutical Industries Limited
Pharmaceuticals & Biotechnology
1.33%
+11.0%
BSE Limited
Capital Markets
1.30%
0.0%
RBL Bank Limited
Banks
1.29%
+2.2%
Bajaj Finance Limited
Finance
1.28%
0.0%
Radico Khaitan Limited
Beverages
1.27%
0.0%
Mahindra & Mahindra Limited
Automobiles
1.25%
−13.1%
The Federal Bank Limited
Banks
1.24%
−16.3%
Indus Towers Limited
Telecom - Services
1.21%
0.0%
The Phoenix Mills Limited
Realty
1.16%
0.0%
TD Power Systems Limited
Electrical Equipment
1.13%
0.0%
State Bank of India
Banks
1.12%
0.0%
The Indian Hotels Company Limited
Leisure Services
1.09%
+8.8%
Solar Industries India Limited
Chemicals & Petrochemicals
1.09%
0.0%
Alphabet Inc A
Interactive Media & Services
1.05%
0.0%
Ather Energy Limited
Automobiles
1.02%
0.0%
SRF Limited
Chemicals & Petrochemicals
1.01%
0.0%
InterGlobe Aviation Limited
Transport Services
0.99%
0.0%
TVS Motor Company Limited
Automobiles
0.98%
+2.2%
Gland Pharma Limited
Pharmaceuticals & Biotechnology
0.95%
+1339.0%
Varun Beverages Limited
Beverages
0.95%
0.0%
FSN E-Commerce Ventures Limited
Retailing
0.93%
0.0%
AU Small Finance Bank Limited
Banks
0.93%
0.0%
United Spirits Limited
Beverages
0.92%
+54.7%
Page Industries Limited
Textiles & Apparels
0.91%
0.0%
Titan Company Limited
Consumer Durables
0.89%
0.0%
Pidilite Industries Limited
Chemicals & Petrochemicals
0.88%
0.0%
Cholamandalam Investment and Finance Company Ltd
Finance
0.87%
+16.4%
UltraTech Cement Limited
Cement & Cement Products
0.83%
0.0%
Torrent Pharmaceuticals Limited
Pharmaceuticals & Biotechnology
0.83%
0.0%
Premier Energies Limited
Electrical Equipment
0.82%
0.0%
iShares VII PLC - iShares NASDAQ 100 UCITS ETF
0.80%
0.0%
Swiggy Limited
Retailing
0.80%
+9.2%
Mphasis Limited
IT - Software
0.80%
+0.7%
UNO Minda Limited
Auto Components
0.77%
0.0%
Supreme Industries Limited
Industrial Products
0.74%
0.0%
Cummins India Limited
Industrial Products
0.73%
+30.2%
Sundaram Finance Limited
Finance
0.73%
0.0%
Lenskart Solutions Limited
Retailing
0.71%
0.0%
Nvidia Corp Com
Semiconductors
0.71%
0.0%
Taiwan Semiconductor Sp ADR
Semiconductors
0.70%
0.0%
PB Fintech Limited
Financial Technology (Fintech)
0.69%
−21.9%
ISHARES CORE S&P 500 (USD) UCITS ETF
0.67%
0.0%
Amber Enterprises India Limited
Consumer Durables
0.67%
+48.9%
Schaeffler India Limited
Auto Components
0.64%
−27.0%
Mahindra & Mahindra Financial Services Limited
Finance
0.63%
0.0%
Bharat Electronics Limited
Aerospace & Defense
0.59%
0.0%
Berger Paints (I) Limited
Consumer Durables
0.59%
0.0%
Anthem Biosciences Limited
Pharmaceuticals & Biotechnology
0.56%
0.0%
Tech Mahindra Limited
IT - Software
0.56%
0.0%
Kirloskar Oil Engines Limited
Industrial Products
0.55%
0.0%
Vishal Mega Mart Limited
Retailing
0.54%
−25.3%
Torrent Power Limited
Power
0.54%
0.0%
Vijaya Diagnostic Centre Limited
Healthcare Services
0.53%
0.0%
Blue Star Limited
Consumer Durables
0.53%
0.0%
Maruti Suzuki India Limited
Automobiles
0.53%
0.0%
Voltas Limited
Consumer Durables
0.46%
0.0%
Persistent Systems Limited
IT - Software
0.46%
0.0%
Apollo Hospitals Enterprise Limited
Healthcare Services
0.46%
−51.7%
Glenmark Pharmaceuticals Limited
Pharmaceuticals & Biotechnology
0.46%
0.0%
Marico Limited
Agricultural Food & other Products
0.43%
0.0%
ITC Hotels Limited
Leisure Services
0.43%
0.0%
Coromandel International Limited
Fertilizers & Agrochemicals
0.42%
0.0%
Triveni Turbine Limited
Electrical Equipment
0.41%
0.0%
Astrazeneca PLC
Pharmaceuticals
0.40%
0.0%
Billionbrains Garage Ventures Ltd
Capital Markets
0.40%
0.0%
Tata Capital Limited
Finance
0.40%
0.0%
Bharat Forge Limited
Auto Components
0.38%
New
TJX ORD
Apparel Retail
0.38%
0.0%
Manipal Health Enterprises Ltd
Healthcare Services
0.37%
0.0%
CG Power and Industrial Solutions Limited
Electrical Equipment
0.33%
0.0%
Microsoft Corp
Systems Software
0.33%
0.0%
Visa Inc
Transaction & Payment Processing Services
0.33%
0.0%
Jubilant Foodworks Limited
Leisure Services
0.32%
0.0%
Meta Platforms Registered Shares A
Interactive Media & Services
0.30%
0.0%
Parker-Hannifin Corp
Industrial Machinery & Supplies & Components
0.30%
0.0%
KEI Industries Limited
Industrial Products
0.26%
0.0%
91 Days Tbill (MD 15/10/2026) · Treasury bill
Sovereign
0.18%
Coca Cola Co.
Soft Drinks & Non-alcoholic Beverages
0.18%
0.0%
Arista Networks Inc
Communications Equipment
0.17%
0.0%
Cyient Dlm Ltd
Aerospace & Defense
0.16%
+8.9%
KLA Corporation
Semiconductor Materials & Equipment
0.14%
0.0%
Autozone Inc
Automotive Retail
0.12%
0.0%
Uber Technologies Inc
Passenger Ground Transportation
0.10%
0.0%
Aditya Infotech Limited
Industrial Manufacturing
0.05%
New
Indo-MIM Limited
Industrial Manufacturing
0.02%
0.0%
Axis Large & Mid Cap Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
Sona BLW Precision Forgings Limited
↓Reduced
−9.2%
2.44%
Reliance Industries Limited
↑Added
+21.0%
2.19%
Shriram Finance Limited
↓Reduced
−19.5%
1.54%
Axis Bank Limited
↑Added
+4.6%
2.03%
GE Vernova T&D India Limited
↑Added
+16.8%
1.92%
Fortis Healthcare Limited
↓Reduced
−0.8%
1.42%
Samvardhana Motherson International Limited
↑Added
+5.2%
1.60%
The Federal Bank Limited
↓Reduced
−16.3%
1.24%
Mahindra & Mahindra Limited
↓Reduced
−13.1%
1.25%
PB Fintech Limited
↓Reduced
−21.9%
0.69%
Sun Pharmaceutical Industries Limited
↑Added
+11.0%
1.33%
RBL Bank Limited
↑Added
+2.2%
1.29%
The Indian Hotels Company Limited
↑Added
+8.8%
1.09%
Apollo Hospitals Enterprise Limited
↓Reduced
−51.7%
0.46%
TVS Motor Company Limited
↑Added
+2.2%
0.98%
Gland Pharma Limited
↑Added
+1339.0%
0.95%
United Spirits Limited
↑Added
+54.7%
0.92%
Cholamandalam Investment and Finance Company Ltd
↑Added
+16.4%
0.87%
Schaeffler India Limited
↓Reduced
−27.0%
0.64%
Mphasis Limited
↑Added
+0.7%
0.80%
Swiggy Limited
↑Added
+9.2%
0.80%
Vishal Mega Mart Limited
↓Reduced
−25.3%
0.54%
Cummins India Limited
↑Added
+30.2%
0.73%
Amber Enterprises India Limited
↑Added
+48.9%
0.67%
Bharat Forge Limited
↑New
New
0.38%
Bandhan Bank Limited
↓Sold out
−100%
was 0.23%
Birlasoft Limited
↓Sold out
−100%
was 0.20%
Cyient Dlm Ltd
↑Added
+8.9%
0.16%
Infosys Limited
↓Sold out
−100%
was 0.14%
Aditya Infotech Limited
↑New
New
0.05%
No stocks in this group for September 2026.
A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
Axis Large & Mid Cap Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.83%
Expense ratio (Regular)
1.87%
Category
Large & Mid Cap
Risk
Very High
Benchmark
Nifty LargeMidcap 250 TRI
Launch date
22-10-2018
Minimum investment
₹100
Minimum additional investment
₹100
AUM
₹16,438.30 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
145110
ISIN (Direct)
INF846K01J46
Scheme code (Regular)
145112
ISIN (Regular)
INF846K01J79
NAV history
From 26-10-2018, 8.0 years
Exit load
Nil
Tax on Axis Large & Mid Cap Fund returns
Axis Large & Mid Cap Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Growth
₹37.20
29-10-2026
direct
IDCW
₹24.96
29-10-2026
regular
Growth
₹33.31
29-10-2026
regular
IDCW
₹19.43
29-10-2026
About Axis Large & Mid Cap Fund
Axis Large & Mid Cap Fund is a mutual fund from Axis Mutual Fund. Its category is Large & Mid Cap. It was launched on 22-10-2018. Its benchmark is Nifty LargeMidcap 250 TRI. At the end of September 2026 it held 104 securities.
Fund Manager
Shreyash Devalkar
Fund manager of Axis Large & Mid Cap Fund, since 04-08-2023
Hitesh Das
Fund manager of Axis Large & Mid Cap Fund, since 03-08-2023
Mayank Hyanki
Fund manager of Axis Large & Mid Cap Fund, since 03-07-2026
Krishnaa N
Fund manager of Axis Large & Mid Cap Fund, since 01-03-2024
Frequently Asked Questions for Axis Large & Mid Cap Fund
What is the current NAV of Axis Large & Mid Cap Fund?
The Direct plan NAV is ₹37.20. The Regular plan NAV is ₹33.31, as on 29-10-2026.
What are the returns of Axis Large & Mid Cap Fund?
The Direct plan returned −0.29% in 1 year, +14.92% a year over 3 years, +10.98% a year over 5 years. The Regular plan returned −1.36% in 1 year, +13.67% a year over 3 years, +9.67% a year over 5 years. These figures are as on 29-10-2026.
What is the expense ratio of Axis Large & Mid Cap Fund?
The Direct plan charges 0.83% a year. The Regular plan charges 1.87% a year. This is the figure the fund house reported to AMFI, in force from 19-10-2026.
What is the AUM of Axis Large & Mid Cap Fund?
Axis Large & Mid Cap Fund managed ₹16,438.30 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Axis Large & Mid Cap Fund?
At the end of September 2026 the largest holdings were ICICIBANK (4.43%), HDFCBANK (3.38%), DIVISLAB (2.76%), ETERNAL (2.68%), SONACOMS (2.44%). The fund held 104 securities in all.
What did Axis Large & Mid Cap Fund buy and sell in September 2026?
It bought 2 new stocks: Bharat Forge Limited, Aditya Infotech Limited. It sold out of 3: Infosys Limited, Bandhan Bank Limited, Birlasoft Limited. It added shares in 16. It reduced 9.
How do I invest in Axis Large & Mid Cap Fund?
Through Axis Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹100. You can invest once or through a monthly SIP.
Who is the fund manager of Axis Large & Mid Cap Fund?
Shreyash Devalkar (since 04-08-2023), Hitesh Das (since 03-08-2023), Mayank Hyanki (since 03-07-2026), Krishnaa N (since 01-03-2024).
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.
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