Axis Large Cap Fund
Axis Large Cap Fund maintains a pronounced tilt toward financial services, with banks alone constituting nearly a quarter of the portfolio, signaling conviction in domestic lending growth and monetary stability. The manager rotated out of discretionary electronics and insurance to increase exposure to CCIL and added selective bets on spirits and specialty chemicals, suggesting a preference for stable cash generators over cyclical plays. The modest negative return amid cash accumulation indicates defensive positioning, likely reflecting caution about near-term market valuations despite bullish long-term sector selection.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹65.9700 | -1.99% | — | — | — |
| Regular Growth | ₹56.9500 | -2.05% | -5.41% | +9.25% | +8.06% |
| Direct IDCW | ₹23.9000 | -2.01% | — | — | — |
| Regular IDCW | ₹16.6700 | -2.06% | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Balanced ApproachActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| United Spirits Limited | 0.17% |
| SRF Limited | 0.07% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Clearing Corporation of India Ltd | 10.24% |
| 2 | ICICI Bank Limited INE090A01021 | 8.31% |
| 3 | HDFC Bank Limited INE040A01034 | 7.36% |
| 4 | Reliance Industries Limited INE002A01018 | 5.09% |
| 5 | Larsen & Toubro Limited INE018A01030 | 4.89% |
| 6 | Bharti Airtel Limited INE397D01024 | 4.81% |
| 7 | State Bank of India INE062A01020 | 4.26% |
| 8 | Bajaj Finance Limited INE296A01032 | 3.83% |
| 9 | Infosys Limited INE009A01021 | 3.80% |
| 10 | Mahindra & Mahindra Limited INE101A01026 | 3.46% |
| 11 | Kotak Mahindra Bank Limited INE237A01036 | 3.00% |
| 12 | UltraTech Cement Limited INE481G01011 | 2.88% |
| 13 | Eternal Limited INE758T01015 | 2.68% |
| 14 | Apollo Hospitals Enterprise Limited INE437A01024 | 2.61% |
| 15 | Titan Company Limited INE280A01028 | 2.58% |
| 16 | NIFTY May 2026 Future | 2.40%(der) |
| 17 | Sun Pharmaceutical Industries Limited INE044A01036 | 2.39% |
| 18 | NTPC Limited INE733E01010 | 1.56% |
| 19 | Axis Bank Limited INE238A01034 | 1.38% |
| 20 | Divi's Laboratories Limited INE361B01024 | 1.38% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Axis Large Cap Fund hold?
Axis Large Cap Fund holds 49 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 35.89% of NAV.
What is the largest holding in Axis Large Cap Fund?
The largest position in Axis Large Cap Fund is Clearing Corporation of India Ltd, accounting for 10.24% of NAV.
Is Axis Large Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.509, Axis Large Cap Fund is moderately concentrated. The HHI concentration index is 43,274 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 35.89% of the portfolio.
What is the market cap allocation of Axis Large Cap Fund?
Based on SEBI's AMFI classification, Axis Large Cap Fund's equity portfolio is split as: Large Cap: 84.37%, Mid Cap: 0.24%, Small Cap: 0.00%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Axis Large Cap Fund invest in most?
Axis Large Cap Fund has the highest allocation to Banks (24.31%), Finance (6.03%), IT - Software (5.62%). The fund is invested across 29 sectors in total.
How actively managed is Axis Large Cap Fund compared to other Large Cap Fund funds?
Axis Large Cap Fund has an Active Share of 30.35%, classifying it as "Balanced Approach" among 33 Large Cap Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Axis Large Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Axis Large Cap Fund added 2 new stocks (including United Spirits Limited) and exited 2 stocks (including Dixon Technologies (India) Limited). Total holding count remained at 50 stocks.