Axis Large Cap Fund vs Baroda BNP Paribas Business Conglomerates Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Large Cap Fund is a Large Cap fund and Baroda BNP Paribas Business Conglomerates Fund is a Thematic fund. In the year to 30-10-2026, Axis Large Cap Fund (Direct) returned −5.7% and Baroda BNP Paribas Business Conglomerates Fund (Direct) returned −6.8%. Axis Large Cap Fund charges 0.92% a year and Baroda BNP Paribas Business Conglomerates Fund 0.93% (Direct plans). Their portfolios overlap 35.4%: they hold 18 of the same securities.
Baroda BNP Paribas Business Conglomerates Fund
Thematic
- 1 year return
- −6.8%
- Expense ratio
- 0.93%
- NAV
- ₹9.54
Which is better, Axis Large Cap or Baroda BNP Paribas Business Conglomerates? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Axis Large Cap returned more over 1 year: −5.7% against −6.8%.
- Axis Large Cap costs less: 0.92% a year against 0.93% (Direct plans).
- Axis Large Cap fell less in its worst fall since 25-09-2025: −14.0% against −14.7%.
- Axis Large Cap holds more in large companies: 90.1% of the fund in large caps against 75.8%.
- Axis Large Cap is the larger fund: ₹29,231 Cr against ₹579 Cr.
- Their portfolios overlap 35.4%: 18 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Axis Large Cap Fund | Baroda BNP Paribas Business Conglomerates Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Baroda BNP Paribas Mutual Fund |
| Category | Large Cap | Thematic |
| AUM | ₹29,231 Cr (30-09-2026) | ₹579 Cr (30-09-2026) |
| NAV | ₹67.60 (Direct) | ₹9.54 (Direct) |
| Expense ratio (Direct) | 0.92% | 0.93% |
| Expense ratio (Regular) | 1.76% | 2.50% |
| Riskometer | Very High | Not available |
| Benchmark | BSE 100 TRI | Not available |
| Launch date | 05-01-2010 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | None | Not available |
| Fund managers | Shreyash Devalkar, Jayesh Sundar, Krishnaa N | Not available |
| Exit load | Nil | Not available |
Axis Large Cap vs Baroda BNP Paribas Business Conglomerates: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Axis Large Cap Fund (Direct) | +1.93% | −3.58% | +1.53% | −5.71% | +9.35% | +5.24% | +12.31% |
| Baroda BNP Paribas Business Conglomerates Fund (Direct) | −0.73% | −6.82% | −3.57% | −6.80% | -- | -- | -- |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | +8.23% | +11.81% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 35 Large Cap funds and the 235 Thematic funds, same plan type.
Axis Large Cap vs Baroda BNP Paribas Business Conglomerates: Year-wise Returns
| Year | Axis Large CapAxis Large Cap | Baroda BNP Paribas Business ConglomeratesBaroda BNP Paribas Business Conglomerates |
|---|---|---|
| 2026to date | −5.57% | −8.32% |
| 2025 | +7.20% | -- |
| 2024 | +14.76% | -- |
| 2023 | +18.54% | -- |
| 2022 | −4.62% | -- |
| 2021 | +22.11% | -- |
Axis Large Cap vs Baroda BNP Paribas Business Conglomerates: Rolling Returns
Every holding period of both funds, against BSE 100 TRI, the benchmark of Axis Large Cap Fund
Rolling returns
Every 1-year holding period, 22 of them, one for each trading day from 25-09-2026 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Axis Large Cap Fund (Direct)
Baroda BNP Paribas Business Conglomerates Fund (Direct)
BSE 100 TRI
to
Sept 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis Large Cap | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −5.7% | −5.6% | −8.2% | −2.8% | 100% |
| Baroda BNP Paribas Business Conglomerates | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −6.0% | −6.2% | −8.6% | −1.1% | 100% |
| BSE 100 TRI | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −7.4% | −7.1% | −10.3% | −4.0% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is BSE 100 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 25-09-2025. Past returns do not promise future returns.
Axis Large Cap vs Baroda BNP Paribas Business Conglomerates: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-09-2025 to 30-10-2026: 14 instalments, ₹1,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis Large CapAxis Large Cap Fund (Direct) | ₹1,40,000 | ₹1,37,655 | −₹2,345 | −2.7% |
| Baroda BNP Paribas Business ConglomeratesBaroda BNP Paribas Business Conglomerates Fund (Direct) | ₹1,40,000 | ₹1,33,666 | −₹6,334 | −7.3% |
Axis Large CapAxis Large Cap Fund (Direct)
Baroda BNP Paribas Business ConglomeratesBaroda BNP Paribas Business Conglomerates Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), 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 Cap vs Baroda BNP Paribas Business Conglomerates: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Large Cap Fund (Direct) | Baroda BNP Paribas Business Conglomerates Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.71% | −6.80% |
| Standard deviation | 13.62% | 15.02% |
| Sharpe ratio | -0.80 | -0.80 |
| Sortino ratio | -1.09 | -1.07 |
| Maximum drawdown | −14.0% (30-03-2026) | −14.7% (30-03-2026) |
| Beta | 0.97 | 0.85 |
| Alpha | +2.74% | −2.98% |
From daily NAVs, 30-10-2025 to 30-10-2026. 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 and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis Large Cap Fund (Direct) | Baroda BNP Paribas Business Conglomerates Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.13% | −4.31% |
| Standard deviation | 14.49% | 14.40% |
| Sharpe ratio | 0.49 | -0.67 |
| Sortino ratio | 0.68 | -0.89 |
| Maximum drawdown | −30.1% (23-03-2020) | −14.7% (30-03-2026) |
| Beta | 0.88 | 0.84 |
| Alpha | +1.76% | −4.13% |
From daily NAVs, 02-01-2013 to 30-10-2026. 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 and alpha compare each fund with its own benchmark's TRI.
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.
Axis Large Cap Fund (Direct)
Baroda BNP Paribas Business Conglomerates Fund (Direct)
BSE 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Large Cap Fund (Direct) | −14.0% | 02-01-2026 | 30-03-2026 | Not yet | -- | −6.6% |
| Baroda BNP Paribas Business Conglomerates Fund (Direct) | −14.7% | 02-01-2026 | 30-03-2026 | 05-08-2026 | 4 months | −9.5% |
| BSE 100 TRI | −15.0% | 02-01-2026 | 30-03-2026 | Not yet | -- | −10.4% |
From daily values since 25-09-2025, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Large Cap Fund (Direct)
Baroda BNP Paribas Business Conglomerates Fund (Direct)
BSE 100 TRI
Against BSE 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis Large Cap Fund (Direct) | 102% | 93% | 3.45% |
| Baroda BNP Paribas Business Conglomerates Fund (Direct) | 90% | 93% | 4.64% |
From month-end values since 25-09-2025. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Axis Large Cap vs Baroda BNP Paribas Business Conglomerates: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Large Cap Fund, September 2026; Baroda BNP Paribas Business Conglomerates Fund, September 2026
Holdings in common
- Overlap
- 35.4%
- Held by both
- 18
- Only in Axis Large Cap
- 30
- Only in Baroda BNP Paribas Business Conglomerates
- 26
| Security | % of Axis Large Cap | % of Baroda BNP Paribas Business Conglomerates |
|---|---|---|
| Bajaj Finance Limited | 4.94% | 5.22% |
| Mahindra & Mahindra Limited | 3.85% | 7.34% |
| Larsen & Toubro Limited | 3.26% | 7.79% |
| Reliance Industries Limited | 3.25% | 4.71% |
| Titan Company Limited | 2.88% | 4.28% |
| UltraTech Cement Limited | 2.18% | 3.73% |
| The Indian Hotels Company Limited | 1.93% | 1.93% |
| TVS Motor Company Limited | 1.78% | 2.13% |
| Eternal Limited | 4.27% | 1.64% |
| State Bank of India | 1.52% | 1.66% |
| Cholamandalam Investment and Finance Company Ltd | 1.99% | 1.51% |
| Tech Mahindra Limited | 1.34% | 2.37% |
| Torrent Pharmaceuticals Limited | 1.29% | 2.49% |
| Sun Pharmaceutical Industries Limited | 2.56% | 1.18% |
| CG Power and Industrial Solutions Limited | 0.97% | 1.33% |
| Tata Consultancy Services Limited | 0.82% | 2.87% |
| Bharti Airtel Limited | 5.07% | 0.76% |
| LG Electronics India Ltd | 0.32% | 1.88% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 35.4% means 35.4% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Axis Large Cap Fund
| Security | % of fund |
|---|---|
| ICICI Bank Limited | 9.29% |
| HDFC Bank Limited | 8.25% |
| Axis Bank Limited | 3.23% |
| Apollo Hospitals Enterprise Limited | 2.91% |
| Kotak Mahindra Bank Limited | 2.74% |
Largest holdings only in Baroda BNP Paribas Business Conglomerates Fund
| Security | % of fund |
|---|---|
| Bajaj Auto Limited | 3.38% |
| JSW Steel Limited | 3.12% |
| Hindustan Zinc Limited | 2.93% |
| Tata Power Company Limited | 2.79% |
| 6.79% Government of India (07/10/2034) | 2.53% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Large Cap | Baroda BNP Paribas Business Conglomerates |
|---|---|---|
| Equity | 94.1% | 96.4% |
| Debt | 0.0% | 2.5% |
| Cash and others | 5.9% | 1.1% |
Market cap of stocks
| Market cap | Axis Large Cap | Baroda BNP Paribas Business Conglomerates |
|---|---|---|
| Large Cap | 90.1% | 75.8% |
| Mid Cap | 3.6% | 11.4% |
| Small Cap | 0.0% | 9.2% |
| Not on AMFI's list | 0.4% | 0.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Axis Large Cap | Baroda BNP Paribas Business Conglomerates |
|---|---|---|
| Banks | 25.0% | 3.5% |
| Automobiles | 7.2% | 12.8% |
| Finance | 8.8% | 11.7% |
| Consumer Durables | 3.2% | 8.1% |
| Construction | 3.3% | 7.8% |
| Pharmaceuticals & Biotechnology | 7.7% | 6.3% |
| IT - Software | 4.7% | 7.6% |
| Retailing | 5.4% | 1.6% |
| Telecom - Services | 5.1% | 0.8% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Large Cap vs Baroda BNP Paribas Business Conglomerates: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Large Cap Fund | Baroda BNP Paribas Business Conglomerates Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.92% | 0.93% |
| Base expense ratio (Direct) | 0.64% | 0.72% |
| Total expense ratio (Regular) | 1.76% | 2.50% |
| Base expense ratio (Regular) | 1.35% | 2.05% |
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, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Axis Large Cap with
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- Baroda BNP Paribas Business Conglomerates vs Aditya Birla Sun Life International Equity
Axis Large Cap Fund vs Baroda BNP Paribas Business Conglomerates Fund: Frequently Asked Questions
What is the difference between Axis Large Cap Fund and Baroda BNP Paribas Business Conglomerates Fund?
Axis Large Cap Fund is a Large Cap fund, Baroda BNP Paribas Business Conglomerates Fund is a Thematic fund, run by Axis Mutual Fund and Baroda BNP Paribas Mutual Fund. Their portfolios overlap 35.4%. Axis Large Cap Fund charges 0.92% a year and Baroda BNP Paribas Business Conglomerates Fund 0.93%.
Which has given higher returns, Axis Large Cap Fund or Baroda BNP Paribas Business Conglomerates Fund?
Over 1 year: Axis Large Cap Fund −5.71%, Baroda BNP Paribas Business Conglomerates Fund −6.80%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Large Cap Fund or Baroda BNP Paribas Business Conglomerates Fund?
Axis Large Cap Fund charges less: 0.92% a year against 0.93%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Large Cap Fund and Baroda BNP Paribas Business Conglomerates Fund overlap?
35.4%. They hold 18 of the same securities, the largest shared ones being BAJFINANCE, M&M, LT. From each fund's latest monthly portfolio.
Can I invest in both Axis Large Cap Fund and Baroda BNP Paribas Business Conglomerates Fund?
Yes. 35.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
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.