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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹36.0700 | — | — | — | — | — | — |
| Regular Growth | ₹32.4500 | +1.82% | -1.87% | -2.99% | +3.87% | +16.32% | +14.51% |
| Direct IDCW | ₹24.2000 | — | — | — | — | — | — |
| Regular IDCW | ₹18.9200 | — | — | — | — | — | — |
Portfolio Metrics(latest month)
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.