Axis Large Cap Fund
Large Cap Fund · Axis Asset Management Co. Ltd.
Among the 157 similar large cap funds we track, this one has grown money at about the average pace. ₹1 lakh invested 5 years ago would be about ₹1.3 lakh today. Investing ₹10,000 every month for the last 10 years would have put in ₹12.1 lakh and grown it to about ₹21.2 lakh. Be warned: in its worst stretch, ₹1 lakh briefly shrank to about ₹69,900. Expect meaningful ups and downs on the way.
New to fund research? Start with the 5-minute guide. The detailed numbers below back all of this up.Axis Large Cap Fund is a large cap fund from Axis Asset Management Co. Ltd.. It has a track record of about 13.7 years. As of the latest data it carries an RS rating of 76/99 (its recent momentum versus category peers) and a King Score of 55/100 (a long-term quality composite). The current NAV is ₹67.77 (as of 2026-09-16).
Growth of ₹100 - last 5 years
Axis Large Cap Fund returns: last 1, 3, 5 and 10 years
| Period | This fund | Category average |
|---|---|---|
| 1 month | -4.56% | -4.3% |
| 3 months | 0.52% | -0.56% |
| 6 months | 3.17% | 2.49% |
| 1 year | -3.8% | -2.84% |
| 3 years (CAGR) | 7.97% | 9.14% |
| 5 years (CAGR) | 5.32% | 8.72% |
| 10 years (CAGR) | 12.19% | 11.98% |
The last 10 years return of Axis Large Cap Fund works out to 12.19% a year (CAGR) - ₹1 lakh invested 10 years ago would be about ₹3.2 lakh today. The last 5 years return is 5.32% a year (₹1 lakh → ₹1.3 lakh), and the last 3 years return is 7.97% - behind its category's 9.14% average by 1.2 points. Its trailing one-year return is -3.8%. Trailing returns flatter or disappoint depending on the end date you pick - the year-by-year and rolling-return sections below are a fairer read.
Year-by-year returns
| Year | Axis Large Cap Fund | Benchmark |
|---|---|---|
| 2018 | +8.1% | -3.4% |
| 2019 | +20.0% | +7.7% |
| 2020 | +21.2% | +16.7% |
| 2021 | +22.1% | +30.2% |
| 2022 | -4.6% | +3.0% |
| 2023 | +18.5% | +25.8% |
| 2024 | +14.8% | +15.2% |
| 2025 | +7.2% | +6.7% |
| 2026 | -5.3% | -5.8% |
Axis Large Cap Fund beat its benchmark in 5 of the last 9 calendar years. Consistency against the benchmark matters more than any single great year.
Calendar-year returns show how bumpy the ride really was - an average hides the good years and the ugly ones.
What a monthly SIP in Axis Large Cap Fund would have made
A ₹10,000-a-month SIP, using this fund's actual NAV history. SIP returns (XIRR) differ from lumpsum CAGR because your money goes in gradually, averaging your entry price.
| SIP duration | You invested | It became | XIRR |
|---|---|---|---|
| 3 years | ₹370,000 | ₹386,373 | 2.83% |
| 5 years | ₹610,000 | ₹715,980 | 6.34% |
| 10 years | ₹1,210,000 | ₹2,119,055 | 10.79% |
Over 10 years, ₹1,210,000 invested in monthly instalments would have grown to about ₹2,119,055 - an XIRR of 10.79%. Figures are pre-tax and assume you stayed invested throughout.
Risk & drawdowns
| Measure | This fund | Category average |
|---|---|---|
| Worst drawdown (lifetime) | -30.1% | -29.87% |
| Worst drawdown (3Y) | -15.5% | -16.68% |
| Volatility (1Y) | 16.26% | 16.81% |
| Sharpe (3Y) | 0.11 | 0.14 |
| Sortino (3Y) | 0.26 | 0.39 |
| Beta (3Y) | 0.85 | 0.91 |
| Alpha (3Y) | 0.04% | 1.27% |
| Up capture | 87.6% | 93.31% |
| Down capture | 85.5% | 88.86% |
| Bull-market return | 25.2% | 26.08% |
| Bear-market return | -27.3% | -30.78% |
Timing matters more than people admit: the best possible 1-year stretch in Axis Large Cap Fund (starting 2020-03-23) gained 68.2%, while the worst (starting 2015-02-27) lost 15.3%. The worst peak-to-bottom fall Axis Large Cap Fund has ever put investors through is -30.1% - the real test of whether you'd have stayed invested. In falling markets (Nifty below its 200-day average) it has returned about -27.3% annualised, versus 25.2% in rising markets. It has captured roughly 87.6% of its benchmark's up-moves and 85.5% of its down-moves.
How Axis Large Cap Fund behaves when markets fall
When the market is falling (the Nifty below its 200-day average), Axis Large Cap Fund has historically returned about -27.3% annualised, versus roughly 25.2% when the market is rising. Its deepest fall on record is -30.1%. Right now it sits about 7.34% below its all-time high (last hit 2024-09-26). The real question isn't the average year - it's whether you could hold on through the worst one.
How Axis Large Cap Fund ranks in its category
Percentile versus its ~157 category peers - 100th is best-in-class, 50th is average. This is the fairest apples-to-apples read.
Consistency (rolling returns)
| Measure | Value |
|---|---|
| Median 3Y rolling CAGR | 13.65% |
| 3Y windows positive | 100.0% |
| Worst 3Y window | 6.54% |
| 3Y windows beating Nifty 500 | 40.2% |
| Median 5Y rolling CAGR | 14.51% |
| Median 10Y rolling CAGR | 14.09% |
Instead of one lucky start date, rolling returns test every start date. Across all 3-year windows in its history, Axis Large Cap Fund returned a median of 13.65% a year, and 100.0% of those windows were positive.
What Axis Large Cap Fund holds
Its latest monthly portfolio disclosure. This is what your money actually owns.
Top holdings
Sector allocation
The top 10 holdings make up 47.7% of the portfolio, across 45 stocks. A higher concentration means the fund's fortunes ride on fewer names.
Portfolio overlap with similar funds
Axis Large Cap Fund shares BANDHAN Large Cap Fund (60%), WhiteOak Capital Large Cap Fund (53%), BARODA BNP PARIBAS LARGE CAP Fund (51%) of its portfolio with these category peers (overlap = the slice of the two portfolios invested in the same stocks). With overlap this high, holding both funds adds little real diversification - you would largely be buying the same stocks twice.
Who manages Axis Large Cap Fund - and how good are they?
Axis Large Cap Fund is managed by Shreyash Devalkar, Jayesh Sundar and Krishnaa N. Below is each manager's complete track record - every fund they currently run, judged on the same numbers as everything else on this page - so you can see whether this fund is in strong hands or is the outlier in a weak book.
Shreyash Devalkar's full record
Shreyash Devalkar currently runs 6 funds, across ELSS, FoF Domestic, Large & Mid Cap Fund, Large Cap Fund and more, with about ₹121,071 Cr under management. The book's average King Score is 68.0/100. Their strongest fund by King Score is Axis Multicap Fund (90/100); Axis Large Cap Fund ranks #4 of 6 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Axis Multicap Fund | 90 | 90 | 5.9% | 16.4% | 8.0% | 18.3% | n/a | n/a | 0.77 | 22.8% | -18.1% |
| 2 | Axis Large & Mid Cap Fund | 85 | 78 | 1.4% | 10.4% | 4.7% | 14.4% | 11.8% | n/a | 0.56 | 20.9% | -31.9% |
| 3 | Axis Midcap Fund | 72 | 64 | 1.9% | 12.1% | 5.3% | 15.5% | 12.4% | 17.6% | 0.59 | 19.5% | -29.4% |
| 4 | Axis Large Cap Fund (this page) | 76 | 55 | 0.5% | 3.2% | -3.8% | 8.0% | 5.3% | 12.2% | 0.11 | 13.7% | -30.1% |
| 5 | Axis ELSS Tax Saver Fund | 65 | 53 | 1.7% | 7.1% | -1.5% | 9.9% | 5.3% | 12.0% | 0.24 | 14.3% | -33.5% |
| 6 | Axis Multi-Asset Active FoF | n/a | n/a | 1.8% | 6.6% | n/a | n/a | n/a | n/a | n/a | n/a | -8.6% |
Jayesh Sundar's full record
Jayesh Sundar currently runs 5 funds, across Conservative Hybrid Fund, Large Cap Fund, Retirement Fund, with about ₹30,774 Cr under management. The book's average King Score is 44.8/100. Their strongest fund by King Score is Axis Retirement Fund - Dynamic (62/100); Axis Large Cap Fund ranks #2 of 5 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Axis Retirement Fund - Dynamic | 45 | 62 | 0.5% | 5.6% | -1.7% | 11.0% | 7.7% | n/a | 0.36 | 14.3% | -17.1% |
| 2 | Axis Large Cap Fund (this page) | 76 | 55 | 0.5% | 3.2% | -3.8% | 8.0% | 5.3% | 12.2% | 0.11 | 13.7% | -30.1% |
| 3 | Axis Retirement Fund - Conservative | 24 | 52 | -0.3% | -0.1% | -0.3% | 7.1% | 6.0% | n/a | 0.1 | 9.7% | -12.7% |
| 4 | Axis Conservative Hybrid Fund | 43 | 38 | 0.4% | -1.6% | -3.2% | 0.9% | 0.1% | 0.8% | -0.98 | 1.8% | -17.6% |
| 5 | Axis Conservative Hybrid Fund | 21 | 17 | -1.2% | -2.1% | -4.1% | -1.9% | -2.3% | -0.5% | -1.42 | 0.6% | -15.4% |
Krishnaa N's full record
Krishnaa N currently runs 19 funds, across Flexi Cap Fund, FoF Domestic, FoF Overseas, Focused Fund and more, with about ₹149,038 Cr under management. The book's average King Score is 60.1/100. Their strongest fund by King Score is Axis Value Fund (95/100); Axis Large Cap Fund ranks #11 of 19 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Axis Value Fund | 92 | 95 | 3.6% | 10.3% | 7.0% | 17.1% | n/a | n/a | 0.72 | 23.2% | -20.2% |
| 2 | Axis NASDAQ 100 US Specific Equity Passive FOF | 71 | 88 | -3.6% | 20.9% | 30.6% | 29.5% | n/a | n/a | 1.14 | 31.8% | -23.1% |
| 3 | Axis Large & Mid Cap Fund | 85 | 78 | 1.4% | 10.4% | 4.7% | 14.4% | 11.8% | n/a | 0.56 | 20.9% | -31.9% |
| 4 | Axis Small Cap Fund | 55 | 74 | 5.9% | 20.0% | 8.7% | 14.7% | 15.5% | 19.3% | 0.53 | 19.9% | -34.6% |
| 5 | Axis Innovation Fund | 95 | 72 | 12.4% | 24.8% | 13.4% | 17.4% | 11.6% | n/a | 0.75 | 15.9% | -23.6% |
| 6 | Axis Global Equity Alpha Fund of Fund | 61 | 66 | 3.4% | 13.2% | 19.1% | 22.9% | 15.3% | n/a | 0.99 | 13.3% | -19.9% |
| 7 | Axis Flexi Cap Fund | 84 | 64 | 4.3% | 13.0% | 3.2% | 12.9% | 8.5% | n/a | 0.43 | 15.4% | -29.9% |
| 8 | Axis Midcap Fund | 72 | 64 | 1.9% | 12.1% | 5.3% | 15.5% | 12.4% | 17.6% | 0.59 | 19.5% | -29.4% |
| 9 | Axis Retirement Fund - Dynamic | 45 | 62 | 0.5% | 5.6% | -1.7% | 11.0% | 7.7% | n/a | 0.36 | 14.3% | -17.1% |
| 10 | Axis Global Innovation Fund of Fund | 84 | 56 | 1.8% | 21.0% | 23.2% | 24.6% | 13.0% | n/a | 0.88 | 18.6% | -30.8% |
| 11 | Axis Large Cap Fund (this page) | 76 | 55 | 0.5% | 3.2% | -3.8% | 8.0% | 5.3% | 12.2% | 0.11 | 13.7% | -30.1% |
| 12 | Axis Retirement Fund - Conservative | 24 | 52 | -0.3% | -0.1% | -0.3% | 7.1% | 6.0% | n/a | 0.1 | 9.7% | -12.7% |
| 13 | Axis Focused Fund | 81 | 49 | 5.1% | 11.8% | -0.2% | 9.5% | 3.9% | 11.9% | 0.21 | 14.6% | -33.7% |
| 14 | Axis Quant Fund | 35 | 42 | -2.4% | 5.8% | 0.8% | 8.1% | 8.6% | n/a | 0.11 | 14.6% | -23.0% |
| 15 | Axis ESG Integration Strategy Fund | 22 | 38 | -1.3% | 3.2% | -4.2% | 7.7% | 5.1% | n/a | 0.1 | 13.3% | -24.3% |
| 16 | Axis Multi Asset Allocation Fund | 72 | 37 | 1.4% | 2.9% | 8.8% | 13.1% | 8.9% | 11.7% | 0.63 | 10.9% | -27.4% |
| 17 | Axis Greater China Equity Fund of Fund | 52 | 30 | -0.3% | 10.9% | 23.3% | 21.6% | 7.3% | n/a | 0.62 | 10.2% | -43.4% |
| 18 | Axis Consumption Fund | 31 | n/a | 0.7% | 6.7% | -7.9% | n/a | n/a | n/a | -0.69 | n/a | -20.0% |
| 19 | Axis Multi-Asset Active FoF | n/a | n/a | 1.8% | 6.6% | n/a | n/a | n/a | n/a | n/a | n/a | -8.6% |
A caveat worth keeping: funds often have co-managers, and results belong to the whole team and process rather than one person. A manager's book tells you about their range and consistency, not a guarantee of skill.
Cost & fund basics
| Detail | Value |
|---|---|
| Expense ratio (Direct) | 0.75% |
| Exit load | ≈1% if redeemed within 1 year (typical) |
| Minimum investment | ₹100 |
| Fund size (AUM) | ₹30,004 Cr |
| Age | 13.7 years |
| Plan / Option | Direct · Growth |
| Benchmark | NIFTY500 |
How Axis Large Cap Fund compares to peers
| Fund | RS | King | 3Y CAGR |
|---|---|---|---|
| WhiteOak Capital Large Cap Fund | 88 | 97 | 12.2% |
| BARODA BNP PARIBAS LARGE CAP Fund | 84 | 90 | 10.5% |
| BANDHAN Large Cap Fund | 89 | 85 | 11.7% |
| Invesco India Largecap Fund | 94 | 84 | 12.8% |
| JM Large Cap Fund (Direct) | 82 | 82 | 9.6% |
| Taurus Large Cap Fund | 99 | 82 | 11.5% |
Overlap warning: funds in the same category often own many of the same stocks - holding several rarely adds the diversification people expect.
What these numbers mean
RS rating (1-99) ranks a fund's recent momentum against its category - higher is stronger right now. King Score (0-100) is a long-term quality composite (returns, consistency, drawdown, risk-adjusted return) versus peers. Max drawdown is the worst peak-to-bottom fall the fund has ever experienced. Rolling returns test every possible start date, so one lucky (or unlucky) entry point can't distort the picture. Every formula behind this page is public - see how we calculate every number.
Axis Large Cap Fund review: the bottom line
Related
Frequently asked questions
Is Axis Large Cap Fund a good mutual fund?
That depends on your goals and risk tolerance - this is descriptive research, not advice. On the numbers, Axis Large Cap Fund scores 55/100 on our King Score and RS 76/99 within its category, has compounded 7.97% a year over three years, and its worst drawdown was -30.1%. Compare those against your needs and the peer table above.
What is the NAV of Axis Large Cap Fund today?
The latest NAV is ₹67.77 (as of 2026-09-16). NAV (net asset value) is the per-unit price of the fund, published every business day by the AMC.
What is the last 10 years return of Axis Large Cap Fund?
Over the last 10 years Axis Large Cap Fund has returned about 12.19% a year (CAGR). In rupees: ₹1 lakh invested 10 years ago would be roughly ₹3.2 lakh today, before tax. See the year-by-year table above for how uneven the ride was.
What is the expense ratio of Axis Large Cap Fund?
The Direct-plan expense ratio is 0.75% a year. The Direct plan is cheaper than the Regular plan because it carries no distributor commission - over decades that gap compounds meaningfully.
Who is the fund manager of Axis Large Cap Fund?
Axis Large Cap Fund is managed by Shreyash Devalkar; Jayesh Sundar; Krishnaa N.
Is Axis Large Cap Fund safe? How risky is it?
No market-linked fund is 'safe' in the fixed-deposit sense - the honest question is how deep its falls get. Its worst historical drawdown was -30.1% - ₹1 lakh briefly becoming about ₹69,900. As a equity fund, its risk profile is typical of that category. Look at the drawdown, volatility and bear-market figures above and ask whether you could stay invested through the bad stretches.
Is Axis Large Cap Fund good for SIP?
We can't tell you what to do, but here is what actually happened: a ₹10,000 monthly SIP over the last 10 years grew ₹12.1 lakh into about ₹21.2 lakh (XIRR 10.79%). SIPs average your entry price, which helps most in funds that swing hard - check the crash-behaviour section above to see how it treats investors in bad markets.
What are the SIP returns of Axis Large Cap Fund?
A ₹10,000/month SIP over 10 years would have grown to about ₹2,119,055 (an XIRR of 10.79%) on ₹1,210,000 invested, using the fund's actual NAV history. See the SIP table above for other durations.
How does Axis Large Cap Fund rank among similar funds?
On 3-year returns it sits around the 54th percentile of its category, and its consistency ranks 39th percentile. 100th is best-in-class, 50th is average. See the category-ranking section above.
Is Axis Large Cap Fund tax-efficient / what about capital gains?
As a equity fund, gains follow the rules for its asset class - equity-oriented funds are taxed differently from debt. All returns on this page are pre-tax; your actual post-tax return depends on your holding period and slab. This is descriptive information, not tax advice.
Direct or Regular plan - which is shown here?
All figures on this page are for the Direct-Growth plan (no distributor commission, lower cost). Returns are pre-tax; capital-gains tax depends on your own holding period and slab.
See Axis Large Cap Fund live in the MF Terminal
Everything above is a static snapshot. The terminal is where you actually research it:
- Interactive price chart with EMAs & RSI
- The RS line plotted against its benchmark
- Full holdings, sector mix & portfolio overlap
- Point-in-time backtester & portfolio doctor
- Compare it side-by-side with any peer
- Screen 1,600+ funds on the same metrics
Data: AMFI NAV history, NSE indices, BSE StAR and monthly disclosures. All figures are pre-tax. Descriptive research and education only - nothing here is investment advice or a recommendation to buy, sell or hold any fund. Past performance does not guarantee future returns.