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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹65.2100 | -1.69% | — | — | — | — | — |
| Regular Growth | ₹56.2900 | -1.76% | -8.20% | -9.21% | -5.32% | +8.71% | +7.80% |
| Direct IDCW | ₹23.6200 | -1.71% | — | — | — | — | — |
| Regular IDCW | ₹16.4800 | -1.79% | — | — | — | — | — |
Portfolio Metrics(latest month)
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.