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Large & Mid Cap · Equity

Axis Large & Mid Cap Fund

Axis Asset Management Co. Ltd.
Benchmark
Nifty LargeMidcap 250 TRI
Riskometer
Very High
Size
₹16,459 cr
Allotted
22 Oct 2018
Holdings as of
30 Sep 2026

Axis Large & Mid Cap Fund is a large & mid cap fund of Axis Asset Management Co. Ltd. with ₹16,459 cr under management. It is ahead of its benchmark (Nifty LargeMidcap 250 TRI) in 3 of 3 periods. Its direct plan charges 0.81% a year. Shreyash Devalkar has managed it for 3.2 years.

Has Axis Large & Mid Cap Fund beaten its benchmark?

Ahead of its benchmark, Nifty LargeMidcap 250 TRI, in 3 of 3 periods in AMFI's figures; +3.09% over the last year against −3.11%.

Period returns

Direct Plan, growth · 3y and longer a year
PeriodFundNifty LargeMidcap 250 TRIAhead
1 month−3.03% −3.99% —
3 months−1.39% −5.53% —
6 months+6.53% −1.71% —
1 year+3.09% −2.77% +5.86 pts
3 years+13.99% +10.63% +3.36 pts
5 years+10.54% +9.76% +0.78 pts
10 years— +14.03% —
Since start
from 26 Oct 2018
+18.10%——
Valarth price history to 13 Oct 2026 · the index is the one the fund is nearest; — not on record

Official figures

AMFI performance feed, 13 Oct 2026
Ahead of its benchmark (Nifty LargeMidcap 250 TRI) in 3 of 3 periods.
PeriodDirectRegularBenchmarkAheadRank
1y +3.09%+1.99%−3.11% +6.20 🔒
3y +13.97%+12.72%+10.68% +3.29 🔒
5y +10.54%+9.23%+9.96% +0.58 🔒
10y ——— — —
Ahead in points a year · its rank among Large & Mid Cap funds, and how steady the lead is, in the app

Value of 100, month-end

Oct 2018 to 13 Oct 2026
50100150200250300350400 2019202120232025
Fund 376Nifty LargeMidcap 250 TRI 308

₹100 put in at the start of Oct 2018 would be ₹376 on 13 Oct 2026, against ₹308 in the Nifty LargeMidcap 250 TRI.

Risk, falls and every year

🔒 Pro
Its worst fall and how long it took to recover, three-year stretches, Sharpe, beta and capture ratios, calendar years beside the index, and money in and out: in the app.
See them in the app →

What does Axis Large & Mid Cap Fund cost?

0.81% a year on the direct plan, 1.86% on the regular plan; 7 of 36 funds in its category charge less.

Direct plan
0.81% a year
Category median 1.07%
Regular plan
1.86% a year
Category median 2.29%
Gap
1.05 points
for the same holdings
7 of 36 funds in its category charge less on the direct plan.
Expense report, Oct 2026 · Equity Schemes - Large & Mid Cap Fund

What the regular plan costs you over time

🔒 Pro
The same money left for years in the direct and the regular plan, side by side, and what the commission takes: in the app.

Who manages Axis Large & Mid Cap Fund?

Shreyash Devalkar, since 4 Aug 2023; Hitesh Das, since 4 Aug 2023; Mayank Hyanki, since 4 Aug 2023.

Shreyash Devalkar
3.2 years
since 4 Aug 2023
Hitesh Das
3.2 years
since 4 Aug 2023
Mayank Hyanki
3.2 years
since 4 Aug 2023
And 1 more; every manager, the other funds each runs and the changes over time are in the app.
Benchmark as filedNIFTY Large Midcap 250 TRI
Exit load
Nil
From 5 Scheme Summary Documents filed with NSE, first on 17 May 2026; as on 5 Oct 2026

What does Axis Large & Mid Cap Fund hold?

106 holdings as of 30 Sep 2026; the ten largest are 26.1% of the fund, the largest ICICI Bank Limited at 4.4%.

Mix

Holdings as of 30 Sep 2026
Equity95.4%Debt0.2%Cash2.9%Other1.5%
Holdings
106
101 shares
Top ten
26.1%
of the fund
Effective holdings
63.9
spread, as if equal-weighted
Matched to our table
94%
of the equity

Five largest

% of fund
ICICI Bank Limited4.43%
HDFC Bank Limited3.38%
Divi's Laboratories Limited2.76%
Eternal Limited2.68%
Sona BLW Precision Forgings Limited2.44%

Five largest industries

% of fund
Banks16.6%
Electrical Equipment8.50%
Auto Components7.60%
Pharmaceuticals & Biotechnology7.20%
Retailing5.90%

By company size

% of equity · SEBI size lists
Large Cap51.1%Mid Cap39.5%Small Cap9.4%

How does Axis Large & Mid Cap Fund score against its category?

Seven scores against funds of its kind, and the warning signs it trips.

Scorecard

🔒 Pro
Seven scores, each out of 5, against funds in its category, with the reasons, and the warning signs it trips: in the app.
Open scorecard in the app →

Are the companies inside any good?

The holdings by valuation, forensic risk, business quality and balance sheet, weighted by their share of the fund.

The companies inside

🔒 Pro
The holdings weighted by their share of the fund: P/E and ROE, forensic risk levels, Valarth's valuation view, quality, moats, balance sheets and who owns them: in the app.

How is Axis Large & Mid Cap Fund run?

Turnover, what it bought and sold, its cash and its record in new listings, from its monthly holdings files.

How it is run

🔒 Pro
Turnover, what it bought and sold and when, how long it holds, size drift, cash and its record in new listings, from up to two years of monthly holdings files: in the app.

Which funds hold much the same?

The index it is nearest and the funds whose holdings overlap most.

Moves with its indexnot an index tracker
Nearest to the Nifty 500: 59% of it differs from the index (an active fund is usually above 60%).
Active share 58.9%60%

Funds that hold much the same

% of holdings in common
Axis Multicap Fund65.6% the same
67 shared holdings
Axis Value Fund56.5% the same
48 shared holdings
Axis ELSS- Tax Saver Fund52.1% the same
45 shared holdings

How much is in its sponsor's own group?

Holdings in companies of the fund house's sponsor group, beside the index.

Related-party exposure

🔒 Pro
How much of the fund is in companies of its sponsor's own group, beside what the index holds of them: in the app.

Questions people ask

Who manages Axis Large & Mid Cap Fund?

Shreyash Devalkar (manager) since 4 Aug 2023; Hitesh Das (manager) since 4 Aug 2023; Mayank Hyanki (manager) since 4 Aug 2023; Krishnaa N (for Foreign Securities) since 4 Aug 2023.

What is the expense ratio of Axis Large & Mid Cap Fund?

0.81% a year on the direct plan and 1.86% on the regular plan (expense report, Oct 2026).

How has Axis Large & Mid Cap Fund done?

Its direct plan returned +13.97% a year over 3 years against +10.68% for its benchmark, Nifty LargeMidcap 250 TRI, as of 13 Oct 2026.

Inside the app

See Axis Large & Mid Cap Fund beside your own funds in Valarth

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A Valarth stock page: the share price with its chart and 52-week range, valuation and profitability figures, and a scorecard of health checks.
Stock pagePrice, valuation, profitability and a scorecard of health checks for every company, each figure explained.
The Valarth stock screener: a table of companies with price, market cap, P/E, P/B, PEG, EPS and ROE, and filters down the left.
ScreenerEvery listed company, filtered on 212 figures, each with a plain-language lesson beside it.
The Valarth AI Screener answering 'Which companies will benefit from India's Project 75 submarine programme?' with a basket of four naval shipbuilders and a written thesis.
AI ScreenerAsk a question in plain English, like which companies benefit from India's Project 75. It reads the intent, builds the screen and writes the thesis.
A Valarth business-model card for State Bank of India, with a plain-language summary and statements verified against the filing.
Business modelHow a company makes money and what can hurt it, each statement checked against its annual report.
Valarth's Before the Bell edition, with the day's headline, regulator notes and sector moves.
Before the BellA morning edition before the market opens: what moved, which rule changed, and what it means for your holdings.

Axis Large & Mid Cap Fund in the app: beside your own funds, with what you own through them

See the full analysis in the app →See pricing
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