Axis Large & Mid Cap Fund vs Kotak Large & Mid Cap Fund
Direct Plan, Growth option · Data as on 29-10-2026
Axis Large & Mid Cap Fund and Kotak Large & Mid Cap Fund are both Large & Mid Cap funds. In the 3 years to 30-10-2026, Axis Large & Mid Cap Fund (Direct) returned 14.9% a year and Kotak Large & Mid Cap Fund (Direct) returned 12.6% a year. Axis Large & Mid Cap Fund charges 0.83% a year and Kotak Large & Mid Cap Fund 0.66% (Direct plans). Their portfolios overlap 35.2%: they hold 30 of the same securities.
Axis Large & Mid Cap Fund
Large & Mid Cap
- 3 year return
- 14.9%
- Expense ratio
- 0.83%
- NAV
- ₹37.20
Kotak Large & Mid Cap Fund
Large & Mid Cap
- 3 year return
- 12.6%
- Expense ratio
- 0.66%
- NAV
- ₹382.26
Which is better, Axis Large & Mid Cap or Kotak Large & Mid Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak Large & Mid Cap returned more over 5 years: 12.3% a year against 11.0%.
- Axis Large & Mid Cap returned more over 3 years: 14.9% a year against 12.6%.
- Kotak Large & Mid Cap costs less: 0.66% a year against 0.83% (Direct plans).
- Axis Large & Mid Cap swung less over 3 years: a standard deviation of 13.4% a year against 14.9%.
- Axis Large & Mid Cap fell less in its worst fall since 26-10-2018: −31.9% against −36.0%.
- Axis Large & Mid Cap holds 6.7% of the fund in foreign stocks; Kotak Large & Mid Cap 0.0%.
- Kotak Large & Mid Cap is the larger fund: ₹30,581 Cr against ₹16,438 Cr.
- Their portfolios overlap 35.2%: 30 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 | Kotak Large & Mid Cap Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Large & Mid Cap | Large & Mid Cap |
| AUM | ₹16,438 Cr (30-09-2026) | ₹30,581 Cr (30-09-2026) |
| NAV | ₹37.20 (Direct) | ₹382.26 (Direct) |
| Expense ratio (Direct) | 0.83% | 0.66% |
| Expense ratio (Regular) | 1.87% | 1.67% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty LargeMidcap 250 TRI | Nifty LargeMidcap 250 TRI |
| Launch date | 22-10-2018 | 09-09-2004 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Shreyash Devalkar, Hitesh Das, Mayank Hyanki, Krishnaa N | Harsha Upadhyaya |
| Exit load | Nil | Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days |
Axis Large & Mid Cap vs Kotak Large & Mid Cap: 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% | -- |
| Kotak Large & Mid Cap Fund (Direct) | −1.69% | −6.70% | −3.25% | −5.81% | +12.56% | +12.27% | +14.50% |
| Large & Mid Cap average | −1.78% | −5.20% | −0.43% | −3.99% | +13.28% | +11.36% | +13.62% |
Category average: the average of the 36 Large & Mid Cap funds, same plan type.
Axis Large & Mid Cap vs Kotak Large & Mid Cap: Year-wise Returns
| Year | AxisAxis Large & Mid Cap | KotakKotak Large & Mid Cap | NIFTY LargeMidcap 250 TRI |
|---|---|---|---|
| 2026to date | +0.79% | −5.94% | −6.82% |
| 2025 | +5.25% | +6.68% | +8.19% |
| 2024 | +26.97% | +25.54% | +18.68% |
| 2023 | +32.47% | +30.85% | +32.66% |
| 2022 | −7.58% | +8.30% | +4.48% |
| 2021 | +46.68% | +32.03% | +37.04% |
Axis Large & Mid Cap vs Kotak Large & Mid Cap: Rolling Returns
Every holding period of both funds, against NIFTY LargeMidcap 250 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 1,243 of them, one for each trading day from 26-10-2021 to 29-10-2026: 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 & Mid Cap Fund (Direct)
Kotak Large & Mid Cap Fund (Direct)
NIFTY LargeMidcap 250 TRI
to
Mar 2022Jan 2020
to
Jan 2023Dec 2020
to
Dec 2023Oct 2021
to
Oct 2024Aug 2022
to
Aug 2025Jun 2023
to
Jun 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 & Mid Cap | 0.0 | 0.0 | 0.0 | 5.9 | 34.4 | 38.0 | 21.8 | 21.2% | 20.8% | 11.7% | 31.6% | 44% |
| Kotak Large & Mid Cap | 0.0 | 0.0 | 0.0 | 4.0 | 32.1 | 50.0 | 13.9 | 21.2% | 21.1% | 11.1% | 34.4% | 67% |
| NIFTY LargeMidcap 250 TRI | 0.0 | 0.0 | 0.0 | 7.6 | 39.8 | 39.9 | 12.7 | 20.6% | 20.3% | 10.1% | 36.1% | -- |
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 NIFTY LargeMidcap 250 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 26-10-2018. Past returns do not promise future returns.
Axis Large & Mid Cap vs Kotak Large & Mid Cap: 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 26-10-2018 to 29-10-2026: 97 instalments, ₹9,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis Large & Mid CapAxis Large & Mid Cap Fund (Direct) | ₹9,70,000 | ₹19,07,238 | ₹9,37,238 | 16.3% |
| Kotak Large & Mid CapKotak Large & Mid Cap Fund (Direct) | ₹9,70,000 | ₹18,01,092 | ₹8,31,092 | 14.9% |
Axis Large & Mid CapAxis Large & Mid Cap Fund (Direct)
Kotak Large & Mid CapKotak Large & Mid Cap 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 & Mid Cap vs Kotak Large & Mid Cap: 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) | Kotak Large & Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.29% | −5.81% |
| Standard deviation | 14.09% | 15.28% |
| Sharpe ratio | -0.39 | -0.72 |
| Sortino ratio | -0.53 | -0.97 |
| Maximum drawdown | −12.3% (30-03-2026) | −13.6% (31-03-2026) |
| Beta | 0.93 | 1.01 |
| Alpha | +5.44% | +0.80% |
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 and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis Large & Mid Cap Fund (Direct) | Kotak Large & Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.92% | +12.56% |
| Standard deviation | 13.42% | 14.91% |
| Sharpe ratio | 0.66 | 0.44 |
| Sortino ratio | 0.91 | 0.59 |
| Maximum drawdown | −17.2% (07-04-2025) | −18.5% (28-02-2025) |
| Beta | 0.87 | 0.98 |
| Alpha | +3.91% | +1.12% |
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 and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis Large & Mid Cap Fund (Direct) | Kotak Large & Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.98% | +12.27% |
| Standard deviation | 13.62% | 14.46% |
| Sharpe ratio | 0.38 | 0.45 |
| Sortino ratio | 0.51 | 0.60 |
| Maximum drawdown | −21.1% (20-06-2022) | −18.5% (28-02-2025) |
| Beta | 0.86 | 0.95 |
| Alpha | +0.98% | +1.89% |
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 and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis Large & Mid Cap Fund (Direct) | Kotak Large & Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +17.80% | +15.66% |
| Standard deviation | 14.46% | 15.16% |
| Sharpe ratio | 0.87 | 0.63 |
| Sortino ratio | 1.18 | 0.85 |
| Maximum drawdown | −31.9% (23-03-2020) | −36.0% (23-03-2020) |
| 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)
Kotak Large & Mid Cap 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) | −31.9% | 13-02-2020 | 23-03-2020 | 24-08-2020 | 5 months | −6.3% |
| Kotak Large & Mid Cap Fund (Direct) | −36.0% | 24-01-2020 | 23-03-2020 | 09-11-2020 | 8 months | −8.5% |
| NIFTY LargeMidcap 250 TRI | −37.8% | 24-01-2020 | 23-03-2020 | 05-11-2020 | 7 months | −8.6% |
From daily values since 26-10-2018, 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 & Mid Cap Fund (Direct)
Kotak Large & Mid Cap Fund (Direct)
NIFTY LargeMidcap 250 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 & Mid Cap Fund (Direct)
Kotak Large & Mid Cap Fund (Direct)
NIFTY LargeMidcap 250 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Large & Mid Cap Fund (Direct)
Kotak Large & Mid Cap Fund (Direct)
NIFTY LargeMidcap 250 TRI
Against NIFTY LargeMidcap 250 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis Large & Mid Cap Fund (Direct) | 95% | 77% | 6.76% |
| Kotak Large & Mid Cap Fund (Direct) | 96% | 86% | 4.07% |
From month-end values since 26-10-2018. 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 & Mid Cap vs Kotak Large & Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Large & Mid Cap Fund, September 2026; Kotak Large & Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 35.2%
- Held by both
- 30
- Only in Axis Large & Mid Cap
- 58
- Only in Kotak Large & Mid Cap
- 38
| Security | % of Axis Large & Mid Cap | % of Kotak Large & Mid Cap |
|---|---|---|
| HDFC Bank Limited | 3.38% | 4.52% |
| ICICI Bank Limited | 4.43% | 3.03% |
| Eternal Limited | 2.68% | 3.77% |
| Bharti Airtel Limited | 2.28% | 2.18% |
| Axis Bank Limited | 2.03% | 2.41% |
| Larsen & Toubro Limited | 1.68% | 2.27% |
| Shriram Finance Limited | 1.54% | 1.77% |
| Reliance Industries Limited | 2.19% | 1.40% |
| IndusInd Bank Limited | 1.37% | 1.47% |
| Sun Pharmaceutical Industries Limited | 1.33% | 1.90% |
| BSE Limited | 1.30% | 2.02% |
| Bajaj Finance Limited | 1.28% | 2.12% |
| Fortis Healthcare Limited | 1.42% | 1.18% |
| State Bank of India | 1.12% | 3.92% |
| SRF Limited | 1.01% | 1.41% |
| InterGlobe Aviation Limited | 0.99% | 1.14% |
| United Spirits Limited | 0.92% | 0.96% |
| UltraTech Cement Limited | 0.83% | 1.25% |
| Swiggy Limited | 0.80% | 1.06% |
| Mphasis Limited | 0.80% | 1.55% |
| Schaeffler India Limited | 0.64% | 1.27% |
| Bharat Electronics Limited | 0.59% | 3.56% |
| Tech Mahindra Limited | 0.56% | 1.59% |
| Torrent Power Limited | 0.54% | 0.98% |
| Blue Star Limited | 0.53% | 0.98% |
| Maruti Suzuki India Limited | 0.53% | 0.78% |
| Coromandel International Limited | 0.42% | 1.84% |
| Bharat Forge Limited | 0.38% | 2.14% |
| Cummins India Limited | 0.73% | 0.15% |
| Indo-MIM Limited | 0.02% | 1.42% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 35.2% means 35.2% 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% |
| Multi Commodity Exchange of India Limited | 2.01% |
| GE Vernova T&D India Limited | 1.92% |
| Apar Industries Limited | 1.79% |
Largest holdings only in Kotak Large & Mid Cap Fund
| Security | % of fund |
|---|---|
| Ashok Leyland Ltd. | 2.12% |
| Hero MotoCorp Ltd. | 2.10% |
| Linde India Ltd. | 1.96% |
| Jindal Steel & Power Ltd | 1.93% |
| MOTILAL OSWAL FINANCIAL SERVICES LIMITED | 1.76% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Large & Mid Cap | Kotak Large & Mid Cap |
|---|---|---|
| Equity | 96.8% | 98.4% |
| Debt | 0.2% | 0.0% |
| Cash and others | 3.0% | 1.6% |
Market cap of stocks
| Market cap | Axis Large & Mid Cap | Kotak Large & Mid Cap |
|---|---|---|
| Large Cap | 46.0% | 48.5% |
| Mid Cap | 35.3% | 40.3% |
| Small Cap | 7.4% | 8.2% |
| Foreign stocks | 6.7% | 0.0% |
| Not on AMFI's list | 1.5% | 1.4% |
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 | Kotak Large & Mid Cap |
|---|---|---|
| Banks | 15.8% | 18.7% |
| Pharmaceuticals and Biotechnology | 0.0% | 8.1% |
| Electrical Equipment | 8.1% | 1.0% |
| Finance | 5.5% | 7.6% |
| Auto Components | 7.2% | 4.7% |
| Pharmaceuticals & Biotechnology | 6.9% | 0.0% |
| Retailing | 5.7% | 4.8% |
| Aerospace and Defense | 0.0% | 4.8% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Large & Mid Cap vs Kotak Large & Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Large & Mid Cap Fund | Kotak Large & Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.83% | 0.66% |
| Base expense ratio (Direct) | 0.55% | 0.50% |
| Total expense ratio (Regular) | 1.87% | 1.67% |
| Base expense ratio (Regular) | 1.44% | 1.35% |
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
Axis Large & Mid Cap Fund vs Kotak Large & Mid Cap Fund: Frequently Asked Questions
What is the difference between Axis Large & Mid Cap Fund and Kotak Large & Mid Cap Fund?
Both are Large & Mid Cap funds, run by Axis Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 35.2%. Axis Large & Mid Cap Fund charges 0.83% a year and Kotak Large & Mid Cap Fund 0.66%.
Which has given higher returns, Axis Large & Mid Cap Fund or Kotak Large & Mid Cap Fund?
Over 1 year: Axis Large & Mid Cap Fund −0.29%, Kotak Large & Mid Cap Fund −5.81%. Over 3 years: Axis Large & Mid Cap Fund +14.92% a year, Kotak Large & Mid Cap Fund +12.56% a year. Over 5 years: Axis Large & Mid Cap Fund +10.98% a year, Kotak Large & Mid Cap Fund +12.27% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Large & Mid Cap Fund or Kotak Large & Mid Cap Fund?
Kotak Large & Mid Cap Fund charges less: 0.66% a year against 0.83%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Large & Mid Cap Fund and Kotak Large & Mid Cap Fund overlap?
35.2%. They hold 30 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, ETERNAL. From each fund's latest monthly portfolio.
Which is riskier, Axis Large & Mid Cap Fund or Kotak Large & Mid Cap Fund?
On SEBI's riskometer, Axis Large & Mid Cap Fund is rated Very High and Kotak Large & Mid Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 13.42% and 14.91% a year.
Which is better for SIP, Axis Large & Mid Cap Fund or Kotak Large & Mid Cap Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 29-10-2026 grew to ₹8,25,305 in Axis Large & Mid Cap Fund (XIRR 11.9% a year) and ₹7,94,160 in Kotak Large & Mid Cap Fund (XIRR 10.3% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Axis Large & Mid Cap Fund and Kotak Large & Mid Cap Fund?
Yes. 35.2% 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 Kotak Large & Mid Cap Fund?
Axis Large & Mid Cap Fund: Shreyash Devalkar, Hitesh Das, Mayank Hyanki, Krishnaa N. Kotak Large & Mid Cap Fund: Harsha Upadhyaya.
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.