Axis Large & Mid Cap Fund
The fund maintains a growth-oriented stance through moderate diversification across 108 holdings while keeping banking sector exposure elevated at nearly 19 percent. Recent portfolio reshuffling—exiting Kotak Mahindra and Tata Steel while adding TCS and Samvardhana Motherson—signals the manager is rotating toward quality large-caps and diversifying away from cyclical heavyweights. The significant reduction in clearing corporation exposure and tactical additions in autos, consumer, and IT suggest conviction in capturing economic breadth beyond financial services, though banking's dominant weighting reflects cautious defensiveness.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹36.5400 | — | — | — | — |
| Regular Growth | ₹32.8700 | +1.33% | +3.76% | +16.67% | +14.81% |
| Direct IDCW | ₹24.5100 | — | — | — | — |
| Regular IDCW | ₹19.1700 | — | — | — | — |
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 |
|---|---|
| Tata Consultancy Services Limited | 0.90% |
| Samvardhana Motherson International Limited | 0.51% |
| Voltas Limited | 0.50% |
| Radico Khaitan Limited | 0.42% |
| Page Industries Limited | 0.41% |
| Arista Networks Inc | 0.31% |
| KLA Corporation | 0.30% |
| 91 Days Tbill (MD 23/07/2026) | 0.44% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Limited INE090A01021 | 4.35% |
| 2 | HDFC Bank Limited INE040A01034 | 4.30% |
| 3 | State Bank of India INE062A01020 | 2.78% |
| 4 | Multi Commodity Exchange of India Limited INE745G01043 | 2.39% |
| 5 | Shriram Finance Limited INE721A01047 | 2.31% |
| 6 | Reliance Industries Limited INE002A01018 | 2.30% |
| 7 | Larsen & Toubro Limited INE018A01030 | 2.10% |
| 8 | GE Vernova T&D India Limited INE200A01026 | 2.06% |
| 9 | Torrent Power Limited INE813H01021 | 2.00% |
| 10 | BSE Limited INE118H01025 | 1.95% |
| 11 | Bharti Airtel Limited INE397D01024 | 1.87% |
| 12 | The Federal Bank Limited INE171A01029 | 1.84% |
| 13 | Mahindra & Mahindra Limited INE101A01026 | 1.60% |
| 14 | Divi's Laboratories Limited INE361B01024 | 1.59% |
| 15 | Eternal Limited INE758T01015 | 1.57% |
| 16 | Bharat Heavy Electricals Limited INE257A01026 | 1.51% |
| 17 | Apar Industries Limited INE372A01015 | 1.50% |
| 18 | Clearing Corporation of India Ltd | 1.47% |
| 19 | Axis Bank Limited INE238A01034 | 1.46% |
| 20 | Sona BLW Precision Forgings Limited INE073K01018 | 1.44% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Axis Large & Mid Cap Fund hold?
Axis Large & Mid Cap Fund holds 107 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 16.13% of NAV.
What is the largest holding in Axis Large & Mid Cap Fund?
The largest position in Axis Large & Mid Cap Fund is ICICI Bank Limited, accounting for 4.35% of NAV in the Banks sector.
Is Axis Large & Mid Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.386, Axis Large & Mid Cap Fund is well-diversified. The HHI concentration index is 15,043 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 16.13% of the portfolio.
What is the market cap allocation of Axis Large & Mid Cap Fund?
Based on SEBI's AMFI classification, Axis Large & Mid Cap Fund's equity portfolio is split as: Large Cap: 46.27%, Mid Cap: 34.91%, Small Cap: 5.08%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Axis Large & Mid Cap Fund invest in most?
Axis Large & Mid Cap Fund has the highest allocation to Banks (18.64%), Electrical Equipment (6.75%), Finance (5.99%). The fund is invested across 45 sectors in total.
How actively managed is Axis Large & Mid Cap Fund compared to other Large & Mid Cap Fund funds?
Axis Large & Mid Cap Fund has an Active Share of 49.04%, classifying it as "Balanced Approach" among 33 Large & Mid Cap Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Axis Large & Mid Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Axis Large & Mid Cap Fund added 8 new stocks (including Tata Consultancy Services Limited) and exited 9 stocks (including Kotak Mahindra Bank Limited). Total holding count decreased from 109 to 108 stocks.