Axis Large & Mid Cap Fund vs ITI Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 29-10-2026
Axis Large & Mid Cap Fund is a Large & Mid Cap fund and ITI Multi Asset Allocation Fund is a Multi Asset fund. Axis Large & Mid Cap Fund charges 0.83% a year and ITI Multi Asset Allocation Fund 1.92% (Direct plans). Their portfolios overlap 16.1%: they hold 15 of the same securities.
ITI Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 1.92%
- NAV
- ₹9.57
Which is better, Axis Large & Mid Cap or ITI Multi Asset Allocation? 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 & Mid Cap costs less: 0.83% a year against 1.92% (Direct plans).
- ITI Multi Asset Allocation fell less in its worst fall since 10-09-2026: −6.0% against −7.9%.
- Axis Large & Mid Cap holds 6.7% of the fund in foreign stocks; ITI Multi Asset Allocation 0.0%.
- Axis Large & Mid Cap holds more in large companies: 46.0% of the fund in large caps against 18.1%.
- Axis Large & Mid Cap is the larger fund: ₹16,438 Cr against ₹144 Cr.
- Their portfolios overlap 16.1%: 15 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 & Mid Cap Fund | ITI Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | ITI Mutual Fund |
| Category | Large & Mid Cap | Multi Asset |
| AUM | ₹16,438 Cr (30-09-2026) | ₹144 Cr (30-09-2026) |
| NAV | ₹37.20 (Direct) | ₹9.57 (Direct) |
| Expense ratio (Direct) | 0.83% | 1.92% |
| Expense ratio (Regular) | 1.87% | 3.61% |
| Riskometer | Very High | High |
| Benchmark | Nifty LargeMidcap 250 TRI | 50% NIFTY 500 TRI + 30% CRISIL Composite Bond Index + 10% Domestic Price of Physical Gold + 10% Domestic Price of Silver |
| Launch date | 22-10-2018 | 07-09-2026 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Shreyash Devalkar, Hitesh Das, Mayank Hyanki, Krishnaa N | Nilay Dalal, Laukik Bagwe |
| Exit load | Nil | Exit load of 0.50%, if redeemed within 3 months. |
Axis Large & Mid Cap vs ITI Multi Asset Allocation: 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 & Mid Cap Fund (Direct) | −0.96% | −2.80% | +1.64% | −0.29% | +14.92% | +10.98% | -- |
| ITI Multi Asset Allocation Fund (Direct) | −3.02% | -- | -- | -- | -- | -- | -- |
| Large & Mid Cap average | −1.78% | −5.20% | −0.43% | −3.99% | +13.28% | +11.36% | -- |
| Multi Asset average | −1.71% | -- | -- | -- | -- | -- | -- |
Category average: the average of the 36 Large & Mid Cap funds and the 37 Multi Asset funds, same plan type.
Axis Large & Mid Cap vs ITI Multi Asset Allocation: Year-wise Returns
| Year | Axis Large & Mid CapAxis Large & Mid Cap | ITI Multi Asset AllocationITI Multi Asset Allocation |
|---|---|---|
| 2026to date | +0.79% | -- |
| 2025 | +5.25% | -- |
| 2024 | +26.97% | -- |
| 2023 | +32.47% | -- |
| 2022 | −7.58% | -- |
| 2021 | +46.68% | -- |
Axis Large & Mid Cap vs ITI Multi Asset Allocation: Rolling Returns
Every holding period of both funds, against NIFTY LargeMidcap 250 TRI, the benchmark of Axis Large & Mid Cap Fund
Axis Large & Mid Cap vs ITI Multi Asset Allocation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Large & Mid Cap Fund (Direct) | ITI Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +17.80% | −27.08% |
| Standard deviation | 14.46% | 10.04% |
| Sharpe ratio | 0.87 | -3.24 |
| Sortino ratio | 1.18 | -3.61 |
| Maximum drawdown | −31.9% (23-03-2020) | −6.0% (23-10-2026) |
| Beta | 0.78 | -- |
| Alpha | +4.44% | -- |
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 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 & Mid Cap Fund (Direct)
ITI Multi Asset Allocation Fund (Direct)
NIFTY LargeMidcap 250 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Large & Mid Cap Fund (Direct) | −7.9% | 23-09-2026 | 23-10-2026 | Not yet | -- | −4.6% |
| ITI Multi Asset Allocation Fund (Direct) | −6.0% | 23-09-2026 | 23-10-2026 | Not yet | -- | −4.6% |
| NIFTY LargeMidcap 250 TRI | −7.4% | 10-09-2026 | 23-10-2026 | Not yet | -- | −5.4% |
From daily values since 10-09-2026, the first day every fund has.
Axis Large & Mid Cap vs ITI Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Large & Mid Cap Fund, September 2026; ITI Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 16.1%
- Held by both
- 15
- Only in Axis Large & Mid Cap
- 73
- Only in ITI Multi Asset Allocation
- 32
| Security | % of Axis Large & Mid Cap | % of ITI Multi Asset Allocation |
|---|---|---|
| ICICI Bank Limited | 4.43% | 2.93% |
| Reliance Industries Limited | 2.19% | 1.66% |
| HDFC Bank Limited | 3.38% | 1.65% |
| Eternal Limited | 2.68% | 1.44% |
| Samvardhana Motherson International Limited | 1.60% | 1.04% |
| Solar Industries India Limited | 1.09% | 1.04% |
| Bharat Heavy Electricals Limited | 1.67% | 1.03% |
| Bajaj Finance Limited | 1.28% | 0.99% |
| RBL Bank Limited | 1.29% | 0.98% |
| FSN E-Commerce Ventures Limited | 0.93% | 0.94% |
| Titan Company Limited | 0.89% | 1.25% |
| Kirloskar Oil Engines Limited | 0.55% | 1.26% |
| Ather Energy Limited | 1.02% | 0.50% |
| Glenmark Pharmaceuticals Limited | 0.46% | 0.94% |
| Indo-MIM Limited | 0.02% | 0.99% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 16.1% means 16.1% 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 & Mid Cap Fund
| Security | % of fund |
|---|---|
| Divi's Laboratories Limited | 2.76% |
| Sona BLW Precision Forgings Limited | 2.44% |
| Bharti Airtel Limited | 2.28% |
| Axis Bank Limited | 2.03% |
| Multi Commodity Exchange of India Limited | 2.01% |
Largest holdings only in ITI Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| 6.60% REC Limited (30/06/2027) | 3.44% |
| Union Bank of India (12/03/2027) | 3.36% |
| DSP Gold ETF | 3.32% |
| Mirae Asset Gold ETF | 2.79% |
| Manipal Payment and Identity Solutions Ltd | 2.67% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Large & Mid Cap | ITI Multi Asset Allocation |
|---|---|---|
| Equity | 96.8% | 46.9% |
| Debt | 0.2% | 6.8% |
| Cash and others | 3.0% | 46.3% |
Market cap of stocks
| Market cap | Axis Large & Mid Cap | ITI Multi Asset Allocation |
|---|---|---|
| Large Cap | 46.0% | 18.1% |
| Mid Cap | 35.3% | 7.8% |
| Small Cap | 7.4% | 17.4% |
| Foreign stocks | 6.7% | 0.0% |
| Not on AMFI's list | 1.5% | 3.7% |
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 & Mid Cap | ITI Multi Asset Allocation |
|---|---|---|
| Banks | 15.8% | 8.9% |
| Electrical Equipment | 8.1% | 2.8% |
| Auto Components | 7.2% | 2.9% |
| Pharmaceuticals & Biotechnology | 6.9% | 3.9% |
| Retailing | 5.7% | 2.4% |
| Finance | 5.5% | 3.1% |
| Industrial Products | 2.3% | 4.1% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Large & Mid Cap vs ITI Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Large & Mid Cap Fund | ITI Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.83% | 1.92% |
| Base expense ratio (Direct) | 0.55% | 0.34% |
| Total expense ratio (Regular) | 1.87% | 3.61% |
| Base expense ratio (Regular) | 1.44% | 1.82% |
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 & Mid Cap with
Compare ITI Multi Asset Allocation with
- ITI Multi Asset Allocation vs Quant Multi Asset Allocation
- ITI Multi Asset Allocation vs Nippon India Multi Asset Allocation
- ITI Multi Asset Allocation vs DSP Multi Asset Allocation
- ITI Multi Asset Allocation vs Kotak Multi Asset Allocation
- ITI Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation
Axis Large & Mid Cap Fund vs ITI Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Axis Large & Mid Cap Fund and ITI Multi Asset Allocation Fund?
Axis Large & Mid Cap Fund is a Large & Mid Cap fund, ITI Multi Asset Allocation Fund is a Multi Asset fund, run by Axis Mutual Fund and ITI Mutual Fund. Their portfolios overlap 16.1%. Axis Large & Mid Cap Fund charges 0.83% a year and ITI Multi Asset Allocation Fund 1.92%.
Which has the lower expense ratio, Axis Large & Mid Cap Fund or ITI Multi Asset Allocation Fund?
Axis Large & Mid Cap Fund charges less: 0.83% a year against 1.92%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Large & Mid Cap Fund and ITI Multi Asset Allocation Fund overlap?
16.1%. They hold 15 of the same securities, the largest shared ones being ICICIBANK, RELIANCE, HDFCBANK. From each fund's latest monthly portfolio.
Which is riskier, Axis Large & Mid Cap Fund or ITI Multi Asset Allocation Fund?
On SEBI's riskometer, Axis Large & Mid Cap Fund is rated Very High and ITI Multi Asset Allocation Fund High. Over their common history, the standard deviation of daily returns was 14.46% and 10.04% a year.
Can I invest in both Axis Large & Mid Cap Fund and ITI Multi Asset Allocation Fund?
Yes. 16.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis Large & Mid Cap Fund and ITI Multi Asset Allocation Fund?
Axis Large & Mid Cap Fund: Shreyash Devalkar, Hitesh Das, Mayank Hyanki, Krishnaa N. ITI Multi Asset Allocation Fund: Nilay Dalal, Laukik Bagwe.
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.