Axis Large Cap Fund vs LIC MF Dividend Yield Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Large Cap Fund is a Large Cap fund and LIC MF Dividend Yield Fund is a Dividend Yield fund. In the 3 years to 30-10-2026, Axis Large Cap Fund (Direct) returned 9.3% a year and LIC MF Dividend Yield Fund (Direct) returned 17.6% a year. Axis Large Cap Fund charges 0.92% a year and LIC MF Dividend Yield Fund 0.97% (Direct plans). Their portfolios overlap 29.4%: they hold 17 of the same securities.
LIC MF Dividend Yield Fund
Dividend Yield
- 3 year return
- 17.6%
- Expense ratio
- 0.97%
- NAV
- ₹33.71
Which is better, Axis Large Cap or LIC MF Dividend Yield? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- LIC MF Dividend Yield returned more over 3 years: 17.6% a year against 9.3%.
- LIC MF Dividend Yield returned more over 1 year: −2.2% against −5.7%.
- Axis Large Cap costs less: 0.92% a year against 0.97% (Direct plans).
- Axis Large Cap swung less over 3 years: a standard deviation of 12.7% a year against 15.9%.
- Axis Large Cap fell less in its worst fall since 31-07-2023: −15.5% against −20.4%.
- Axis Large Cap holds more in large companies: 90.1% of the fund in large caps against 42.5%.
- Axis Large Cap is the larger fund: ₹29,231 Cr against ₹738 Cr.
- Their portfolios overlap 29.4%: 17 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 | LIC MF Dividend Yield Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | LIC Mutual Fund |
| Category | Large Cap | Dividend Yield |
| AUM | ₹29,231 Cr (30-09-2026) | ₹738 Cr (30-09-2026) |
| NAV | ₹67.60 (Direct) | ₹33.71 (Direct) |
| Expense ratio (Direct) | 0.92% | 0.97% |
| Expense ratio (Regular) | 1.76% | 2.44% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 100 TRI | Nifty 500 TRI |
| Launch date | 05-01-2010 | 21-12-2018 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Shreyash Devalkar, Jayesh Sundar, Krishnaa N | Dikshit Mittal, Sumit Bhatnagar |
| Exit load | Nil | Nil, If units of the Scheme are redeemed or switched out up to 12% of the units (the limit) within 12 months from the date of allotment. 1% of the applicable NAV, If units of the scheme are redeemed or switched out in excess of the limit within 12 months from the date of allotment. Nil, If units of scheme are redeemed or switched out after 12 months from the date of allotment. |
Axis Large Cap vs LIC MF Dividend Yield: 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% |
| LIC MF Dividend Yield Fund (Direct) | −4.08% | −4.94% | +2.30% | −2.19% | +17.64% | -- | -- |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | +8.23% | +11.81% |
| Dividend Yield average | −1.57% | −5.69% | −3.24% | −5.57% | +12.14% | -- | -- |
Category average: the average of the 35 Large Cap funds and the 12 Dividend Yield funds, same plan type.
Axis Large Cap vs LIC MF Dividend Yield: Year-wise Returns
| Year | Axis Large CapAxis Large Cap | LIC MF Dividend YieldLIC MF Dividend Yield |
|---|---|---|
| 2026to date | −5.57% | −0.50% |
| 2025 | +7.20% | +4.39% |
| 2024 | +14.76% | +33.29% |
| 2023 | +18.54% | -- |
| 2022 | −4.62% | -- |
| 2021 | +22.11% | -- |
Axis Large Cap vs LIC MF Dividend Yield: Rolling Returns
Every holding period of both funds, against BSE 100 TRI, the benchmark of Axis Large Cap Fund
Rolling returns
Every 3-year holding period, 61 of them, one for each trading day from 31-07-2026 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)
LIC MF Dividend Yield Fund (Direct)
BSE 100 TRI
to
Aug 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 2026Oct 2023
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 | 0.0 | 0.0 | 57.4 | 42.6 | 0.0 | 0.0 | 0.0 | 9.5% | 9.3% | 7.0% | 11.5% | 80% |
| LIC MF Dividend Yield | 0.0 | 0.0 | 0.0 | 0.0 | 63.9 | 36.1 | 0.0 | 19.1% | 18.7% | 16.6% | 21.5% | 100% |
| BSE 100 TRI | 0.0 | 0.0 | 60.7 | 39.3 | 0.0 | 0.0 | 0.0 | 9.2% | 9.0% | 7.0% | 11.2% | -- |
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 31-07-2023. Past returns do not promise future returns.
Axis Large Cap vs LIC MF Dividend Yield: 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 03-07-2023 to 30-10-2026: 40 instalments, ₹4,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis Large CapAxis Large Cap Fund (Direct) | ₹4,00,000 | ₹4,21,630 | ₹21,630 | 3.1% |
| LIC MF Dividend YieldLIC MF Dividend Yield Fund (Direct) | ₹4,00,000 | ₹4,57,293 | ₹57,293 | 8.0% |
Axis Large CapAxis Large Cap Fund (Direct)
LIC MF Dividend YieldLIC MF Dividend Yield 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 LIC MF Dividend Yield: 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) | LIC MF Dividend Yield Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.71% | −2.19% |
| Standard deviation | 13.62% | 15.46% |
| Sharpe ratio | -0.80 | -0.48 |
| Sortino ratio | -1.09 | -0.66 |
| Maximum drawdown | −14.0% (30-03-2026) | −16.0% (31-03-2026) |
| Beta | 0.97 | 1.02 |
| Alpha | +2.74% | +5.37% |
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) | LIC MF Dividend Yield Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.35% | +17.64% |
| Standard deviation | 12.71% | 15.91% |
| Sharpe ratio | 0.26 | 0.73 |
| Sortino ratio | 0.37 | 1.00 |
| Maximum drawdown | −15.5% (28-02-2025) | −20.4% (28-02-2025) |
| Beta | 0.92 | 1.06 |
| Alpha | +0.63% | +7.19% |
From daily NAVs, 30-10-2023 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) | LIC MF Dividend Yield Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.13% | +16.07% |
| Standard deviation | 14.49% | 15.55% |
| Sharpe ratio | 0.49 | 0.64 |
| Sortino ratio | 0.68 | 0.87 |
| Maximum drawdown | −30.1% (23-03-2020) | −20.4% (28-02-2025) |
| Beta | 0.88 | 1.05 |
| Alpha | +1.76% | +6.89% |
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)
LIC MF Dividend Yield 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) | −15.5% | 26-09-2024 | 28-02-2025 | Not yet | -- | −7.6% |
| LIC MF Dividend Yield Fund (Direct) | −20.4% | 01-10-2024 | 28-02-2025 | 18-06-2026 | 16 months | −7.9% |
| BSE 100 TRI | −16.7% | 26-09-2024 | 28-02-2025 | 20-11-2025 | 9 months | −10.4% |
From daily values since 31-07-2023, 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)
LIC MF Dividend Yield Fund (Direct)
BSE 100 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Large Cap Fund (Direct)
LIC MF Dividend Yield Fund (Direct)
BSE 100 TRI
Against BSE 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis Large Cap Fund (Direct) | 96% | 92% | 3.31% |
| LIC MF Dividend Yield Fund (Direct) | 129% | 89% | 8.12% |
From month-end values since 31-07-2023. 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 LIC MF Dividend Yield: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Large Cap Fund, September 2026; LIC MF Dividend Yield Fund, September 2026
Holdings in common
- Overlap
- 29.4%
- Held by both
- 17
- Only in Axis Large Cap
- 31
- Only in LIC MF Dividend Yield
- 39
| Security | % of Axis Large Cap | % of LIC MF Dividend Yield |
|---|---|---|
| HDFC Bank Limited | 8.25% | 4.71% |
| ICICI Bank Limited | 9.29% | 3.59% |
| Kotak Mahindra Bank Limited | 2.74% | 2.68% |
| Axis Bank Limited | 3.23% | 2.55% |
| InterGlobe Aviation Limited | 2.64% | 2.07% |
| Apollo Hospitals Enterprise Limited | 2.91% | 2.00% |
| Shriram Finance Limited | 1.86% | 1.78% |
| Pidilite Industries Limited | 1.85% | 1.74% |
| Samvardhana Motherson International Limited | 1.52% | 1.59% |
| Hyundai Motor India Ltd | 1.45% | 1.61% |
| Mahindra & Mahindra Limited | 3.85% | 1.12% |
| Bharti Airtel Limited | 5.07% | 1.06% |
| Sun Pharmaceutical Industries Limited | 2.56% | 0.94% |
| Tata Consultancy Services Limited | 0.82% | 2.45% |
| Grasim Industries Limited | 0.53% | 1.69% |
| Bharat Electronics Limited | 0.52% | 2.18% |
| LG Electronics India Ltd | 0.32% | 2.15% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 29.4% means 29.4% 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 |
|---|---|
| Bajaj Finance Limited | 4.94% |
| Eternal Limited | 4.27% |
| Larsen & Toubro Limited | 3.26% |
| Reliance Industries Limited | 3.25% |
| Titan Company Limited | 2.88% |
Largest holdings only in LIC MF Dividend Yield Fund
| Security | % of fund |
|---|---|
| Garware Hi-Tech Films Ltd. | 4.31% |
| Avalon Technologies Ltd. | 3.49% |
| Allied Blenders And Distillers Ltd. | 2.69% |
| Neuland Laboratories Ltd. | 2.24% |
| NTPC Ltd. | 2.04% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Large Cap | LIC MF Dividend Yield |
|---|---|---|
| Equity | 94.1% | 95.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 5.9% | 4.9% |
Market cap of stocks
| Market cap | Axis Large Cap | LIC MF Dividend Yield |
|---|---|---|
| Large Cap | 90.1% | 42.5% |
| Mid Cap | 3.6% | 19.9% |
| Small Cap | 0.0% | 32.5% |
| Not on AMFI's list | 0.4% | 0.2% |
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 | LIC MF Dividend Yield |
|---|---|---|
| Banks | 25.0% | 14.6% |
| Finance | 8.8% | 5.0% |
| Pharmaceuticals & Biotechnology | 7.7% | 6.4% |
| Electrical Equipment | 1.0% | 7.5% |
| Automobiles | 7.2% | 5.8% |
| Industrial Products | 0.5% | 6.2% |
| Retailing | 5.4% | 1.4% |
| Telecom - Services | 5.1% | 2.7% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Large Cap vs LIC MF Dividend Yield: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Large Cap Fund | LIC MF Dividend Yield Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.92% | 0.97% |
| Base expense ratio (Direct) | 0.64% | 0.72% |
| Total expense ratio (Regular) | 1.76% | 2.44% |
| Base expense ratio (Regular) | 1.35% | 2.04% |
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
Axis Large Cap Fund vs LIC MF Dividend Yield Fund: Frequently Asked Questions
What is the difference between Axis Large Cap Fund and LIC MF Dividend Yield Fund?
Axis Large Cap Fund is a Large Cap fund, LIC MF Dividend Yield Fund is a Dividend Yield fund, run by Axis Mutual Fund and LIC Mutual Fund. Their portfolios overlap 29.4%. Axis Large Cap Fund charges 0.92% a year and LIC MF Dividend Yield Fund 0.97%.
Which has given higher returns, Axis Large Cap Fund or LIC MF Dividend Yield Fund?
Over 1 year: Axis Large Cap Fund −5.71%, LIC MF Dividend Yield Fund −2.19%. Over 3 years: Axis Large Cap Fund +9.35% a year, LIC MF Dividend Yield Fund +17.64% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Large Cap Fund or LIC MF Dividend Yield Fund?
Axis Large Cap Fund charges less: 0.92% a year against 0.97%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Large Cap Fund and LIC MF Dividend Yield Fund overlap?
29.4%. They hold 17 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, KOTAKBANK. From each fund's latest monthly portfolio.
Which is riskier, Axis Large Cap Fund or LIC MF Dividend Yield Fund?
On SEBI's riskometer, Axis Large Cap Fund is rated Very High and LIC MF Dividend Yield Fund Very High. Over 3 years, the standard deviation of daily returns was 12.71% and 15.91% a year.
Which is better for SIP, Axis Large Cap Fund or LIC MF Dividend Yield Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,82,830 in Axis Large Cap Fund (XIRR 2.2% a year) and ₹4,08,821 in LIC MF Dividend Yield Fund (XIRR 6.4% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Axis Large Cap Fund and LIC MF Dividend Yield Fund?
Yes. 29.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis Large Cap Fund and LIC MF Dividend Yield Fund?
Axis Large Cap Fund: Shreyash Devalkar, Jayesh Sundar, Krishnaa N. LIC MF Dividend Yield Fund: Dikshit Mittal, Sumit Bhatnagar.
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.