Axis Large & Mid Cap Fund
Axis Mutual Fund · Large & Mid Cap · Regular plan, growth option
NAV (₹), 1 Oct 2026
33.3400
1-day change
-0.83%
1Y return
2.5%
3Y CAGR
12.8%
5Y CAGR
10.1%
Max drawdown, 5Y
−22.0%
NAV history month-end NAV, ₹ · 26 Oct 2018 to 1 Oct 2026
Returns vs Large & Mid Cap median (36 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -5.3% | -6.3% |
| 3 months | -2.7% | -4.1% |
| 6 months | 10.8% | 7.6% |
| Year to date | 0.0% | -4.1% |
| 1 year | 2.5% | -0.8% |
| 3 years (CAGR) | 12.8% | 10.6% |
| 5 years (CAGR) | 10.1% | 10.1% |
| 7 years (CAGR) | 17.0% | 15.8% |
| 10 years (CAGR) | n/a | 13.1% |
| Since first NAV (CAGR) | 16.4% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 14.4% | 10.8% |
| 3Y rolling median | 19.3% | 15.5% |
| 3Y rolling worst | 10.4% | -6.5% |
| 3Y periods positive | 100% | 96% |
| 3Y periods ahead of benchmark | 41% | 25% |
| 5Y rolling median | 20.9% | 14.8% |
| 5Y rolling worst | 10.1% | -0.4% |
| 5Y periods ahead of benchmark | n/a | n/a |
Benchmark: Nifty LargeMidcap 250 (proxy: Edelweiss NIFTY Large Midcap 250 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 14.6% | 16.1% |
| Sharpe ratio | 0.48 | 0.34 |
| Sortino ratio | 0.69 | 0.50 |
| Beta | 0.86 | 0.97 |
| Alpha (ann.) | 2.9% | 0.9% |
| Upside capture | 99.83 | 99.72 |
| Downside capture | 90.11 | 100.44 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −32.0% | −37.2% |
| Maximum drawdown, last 10Y | n/a | −37.8% |
| Maximum drawdown, last 5Y | −22.0% | −20.0% |
| Current drawdown | −6.3% | −8.0% |
| Recovery time of worst fall | 157 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Market context from Integrato Market Intelligence
This scheme invests mainly in the markets below, which are also close to how many of them are benchmarked. Where those markets stand today:
- 1Y +6.8% · 3Y +15.0% p.a. · 5Y n/a p.a. (index fund NAV, after costs)
- −11.7% from its 52-week high (proxy NAV)
21,857.75 −0.97%
NSE close, 1 Oct 2026
- P/E 21.6: higher than 8% of days since 2021 (median 24.0)
- 1Y −3.9% · 3Y +8.9% p.a. · 5Y +8.6% p.a. (index fund NAV, after costs)
- −9.3% from its 52-week high
Index levels and P/E: NSE daily index closing values; gold and silver: IBJA rates; returns: growth NAV of an index fund or ETF tracking the market (AMFI), so they are after that fund's costs. Context only: a market's level or valuation does not tell you how any scheme will perform. Explore all markets.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 1.87% a year and the Direct plan's 0.83%, a gap of 1.04%; over the last 3 years the Direct plan returned 1.26 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹24,28,850.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 1 Oct 2026: TER reduced from 1.88% to 1.87% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Shreyash Devalkar | Comanage/Domestic Equities | 4 Aug 2023 |
| Hitesh Das | Comanage/Domestic Equities | 3 Aug 2023 |
| Mayank Hyanki | Comanage | 3 Jul 2026 |
| Krishnaa N | Foreign Securities | 1 Mar 2024 |
Objective: To generate long term capital appreciation by investing in a diversified portfolio of Equity & Equity Related Instruments both in India as well as overseas. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Stated asset allocation: Equity & Equity Related Instruments of Large Cap Stocks - (35%-65%),Equity & Equity Related Instruments of Mid Cap Stocks - (35%-65%),Other Equity and Equity related instruments - (0%-30%),Debt and Money Market Instruments - (0%-30%),Units issued by InvITs -(0%-10%)
Benchmark (tier 1): NIFTY Large Midcap 250 TRI
Minimum application: ₹100
Allotment date: 22 Oct 2018
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Regular plan | 1.87% | 2.30% |
| AUM, whole scheme (₹ crore) | 16,456 | 4,000 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 4.0% | -0.4% TRI |
| Return, 3 years (AMFI) | 13.0% | 10.8% TRI |
| Return, 5 years (AMFI) | 10.2% | 11.0% TRI |
| Month-ends above category median (3Y CAGR) | 50% | 51% median |
| Month-ends in category top quartile (3Y) | 22% | 19% median |
| 7Y rolling CAGR, median (monthly windows) | 18.0% | 14.3% median |
Official benchmark: Nifty LargeMidcap 250 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Large & Mid Cap Regular plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty LargeMidcap 250 proxy | Difference |
|---|---|---|---|
| 2026 YTD | 0.0% | -7.0% | +7.0% |
| 2025 | 4.1% | 7.9% | −3.8% |
| 2024 | 25.5% | 18.3% | +7.2% |
| 2023 | 31.0% | 32.0% | −1.1% |
| 2022 | -8.9% | 4.0% | −12.9% |
| 2021 | 44.6% | n/a | – |
| 2020 | 24.7% | n/a | – |
| 2019 | 16.4% | n/a | – |
Benchmark proxy: Edelweiss NIFTY Large Midcap 250 Index Fund (Direct plan NAV, price return), which carries its own costs. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,20,633 | 1.0% |
| 3 years | ₹3,60,000 | ₹3,95,090 | 6.1% |
| 5 years | ₹6,00,000 | ₹7,89,811 | 10.9% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
AMC: Axis Mutual Fund
Category: Large & Mid Cap
Plan / option: Regular · Growth
AMFI scheme code: 145112
ISIN: INF846K01J79
First NAV in MFIC data: 26 Oct 2018
History: 7.9 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| PGIM India Multi Cap Fund | Multi Cap | 0.99 | n/a |
| Union Business Cycle Fund | Sectoral/Thematic | 0.98 | n/a |
| Franklin India Multi Cap Fund | Multi Cap | 0.98 | n/a |
| Bajaj Finserv Large & Mid Cap Fund | Large & Mid Cap | 0.98 | n/a |
| Bandhan Business Cycle Fund | Sectoral/Thematic | 0.98 | n/a |
| WhiteOak Capital Special Opportunities Fund | Sectoral/Thematic | 0.98 | n/a |
Questions about Axis Large & Mid Cap Fund
- What is the latest NAV of Axis Large & Mid Cap Fund?
- The NAV of the Regular plan (growth option) was ₹33.3400 on 1 Oct 2026, as published by AMFI.
- Which category is Axis Large & Mid Cap Fund in?
- It is classified as Large & Mid Cap in AMFI's daily NAV file; a Large & Mid Cap scheme invests at least 35% each in large-cap and mid-cap stocks. MFIC compares it with 36 Large & Mid Cap schemes (Regular plans).
- What returns has Axis Large & Mid Cap Fund delivered?
- Over one year the NAV changed by 2.5%. The 3-year CAGR is 12.8% (category median 10.6%) and the 5-year CAGR is 10.1% (category median 10.1%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 19.3%, the lowest was 10.4%, and 100% of 3-year periods ended with a gain. It was ahead of Nifty LargeMidcap 250 (index-fund proxy) in 41% of those periods.
- What was the largest fall in Axis Large & Mid Cap Fund's NAV?
- The largest peak-to-trough fall in its available history was 32.0%; within the last five years it was 22.0% (category median 20.0%).
- How volatile is Axis Large & Mid Cap Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 14.6%, which is below the Large & Mid Cap category median of 16.1%.
- What would a monthly SIP in Axis Large & Mid Cap Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹7,89,811 on 1 Oct 2026, an annualised return (XIRR) of 10.9%. This uses the Regular plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of Axis Large & Mid Cap Fund?
- The total expense ratio of the Regular plan is 1.87% a year, as disclosed to AMFI (median of Large & Mid Cap Regular plans: 2.30%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Axis Large & Mid Cap Fund?
- Assets under management of the whole scheme were ₹16,456 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Axis Large & Mid Cap Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of Axis Large & Mid Cap Fund and how has it compared?
- Its official benchmark is the Nifty LargeMidcap 250 TRI. Over 3 years AMFI reports a return of 13.0% for this plan against 10.8% for the benchmark total return index; over 5 years 10.2% against 11.0%. Past performance does not indicate future results.
- How often has Axis Large & Mid Cap Fund beaten its category?
- At 50% of the 60 month-ends compared over the last 10 years, its 3-year return was above the median of Large & Mid Cap schemes (Regular plans); it was in the top quarter at 22% of them. A typical scheme would show about 50%.
- Who manages Axis Large & Mid Cap Fund?
- According to its Scheme Summary Document, Axis Large & Mid Cap Fund is managed by Shreyash Devalkar (since 4 Aug 2023), Hitesh Das (since 3 Aug 2023), Mayank Hyanki (since 3 Jul 2026), Krishnaa N (since 1 Mar 2024).
- What is the minimum investment in Axis Large & Mid Cap Fund?
- The minimum application amount is ₹100. SIP details: SIP Daily, Weekly - 100, Monthly 100.00, SIP Yearly - 12000.00 SWP - 1000 STP - Daily, Weekly, Fortnightly, Monthly - 1000 and Quarterly 3000.00 . Choti SIP - Maximum one SIP under the facility of exactly equal to Rs. 250/- is allowed. The facility is restricted to three SIP’s across all Mutual Funds (one each in upto three Asset Management Companies)..
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 3.6% and the Regular plan's by 2.5%. The Regular plan includes the services of a distributor.
Reviewing your own mutual fund portfolio?
Integrato's team can walk you through how your current schemes have behaved, using the same data shown here. Integrato is an AMFI-registered Mutual Fund Distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Regular plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.