Fundalysisby DARKHORSESTOCKS

Scheme

Axis Large Mid Cap Fund

Holds 101 companies worth ₹15,685 Cr in Sept 2026.

  • Fund house

    AxisThe fund house that runs this scheme.

  • AUM

    ₹16,456 CrAxis Large Mid Cap Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 4.6% on Aug 2026, ₹17,252 Cr.

  • Largest holding

    ICICI BankICICI Bank is 4.4% of this scheme's NAV.

  • Fund manager

    Hitesh DasRuns its co-manager part since 3 Aug 2023, as the fund house dates it. With Shreyash Devalkar (co-manager), Mayank Hyanki (co-manager), Krishnaa N (overseas).

Overview(6 Oct 2026)

Fund managers4

  1. Hitesh DasCo-manager, equity · Aug 2023 · 12y · PGDM M.Tech B.Tech
  2. Shreyash DevalkarCo-manager, equity · Aug 2023 · 19y · MMS B.E.
  3. Mayank HyankiCo-manager · Jul 2026 · 14y · PGDM B.Tech
  4. Krishnaa NOverseas · Mar 2024

    Key facts

    Benchmark
    NIFTY Large Midcap 250 TRI
    Risk
    Very High
    Expense
    Regular 1.87% · Direct 0.83%
    Exit load
    Nil
    Started
    22 Oct 2018
    Minimum
    ₹100

    Source.Its Scheme Summary Document as of 6 Oct 2026 at AMFI.

    What changed(18 changes)

    Oct 2026

    1 change
    1. Expense ratio
      5 OctRegular 1.88% → 1.87%

    Sept 2026

    3 changes
    1. Exit load
      22 Sept10% within 12 months → Nil
    2. Mayank Hyanki joined
      10 Septas co-manager
    3. Expense ratio
      10 SeptRegular 1.79% → 1.88%Direct 0.77% → 0.83%

    May 2026

    1 change
    1. Expense ratio
      17 MayRegular 1.68% → 1.79%Direct 0.59% → 0.77%

    Source.Its filings at NSE, since Aug 2024.

    Fund managers over time(Aug 2023 – now)

    1. Hitesh Das
    2. Shreyash Devalkar
    3. Mayank Hyanki
    4. Krishnaa N
    MainCoSlice202420252026
    Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

    Costs(Aug 2024 – Oct 2026)

    Every change to the expense ratio, newest first.
    16 changesRegularDirectΔ pt
    5 Oct 20261.87%0.83%0
    10 Sept 20261.88%0.83%0.06
    17 May 20261.79%0.77%0.18
    18 Jan 20261.68%0.59%0.01
    26 Sept 20251.68%0.60%0.01
    23 Jun 20251.69%0.61%0.03
    4 Jun 20251.68%0.58%0.01
    7 May 20251.69%0.59%0.01
    9 Apr 20251.70%0.60%0.03
    25 Mar 20251.70%0.63%0.02
    25 Feb 20251.70%0.61%0.02
    10 Feb 20251.69%0.59%0.01
    16 Jan 20251.70%0.60%0.01
    28 Nov 20241.69%0.59%0.01
    23 Sept 20241.69%0.58%0.02
    21 Aug 20241.68%0.56%–
    Direct plan, 5 Oct 2026
    0.83%
    Regular plan 1.87% · Exit load nil
    Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

    Objective and risk(6 Oct 2026)

    Objective

    To generate long term capital appreciation by investing in a diversified portfolio of Equity & Equity Related Instruments both in India as well as overseas. However, there can be no assurance that the investment objective of the Scheme will be achieved.

    Risk, type and benchmark

    Riskometer
    Very High
    At launch
    Very High
    Type
    (An open-ended equity scheme investing in both large cap and mid cap stocks)
    Benchmark
    NIFTY Large Midcap 250 TRI

    Asset allocation it may hold% of NAV

    1. Equity & Equity Related Instruments of Large Cap Stocks
      Allowed35–65%
    2. Equity & Equity Related Instruments of Mid Cap Stocks
      Allowed35–65%
    3. Other Equity and Equity related instruments
      Allowed0–30%
    4. Debt and Money Market Instruments
      Allowed0–30%Holds4.6%
    5. Units issued by InvITs
      Allowed0–10%Holds0.0%

    Holds in Sept 2026.95.4% equity · 4.6% debt and cash

    How to invest(6 Oct 2026)

    Buying

    To start
    ₹100, then in multiples of ₹1
    To add
    ₹100, then in multiples of ₹1
    Systematic
    SIP - Daily / Weekly / Monthly / Yearly , Choti SIP - Monthly ; SWP - Weekly / Monthly / Quarterly / Halfyearly / Yearly STP - Daily / Weekly / Fortnightly / Monthly / Quarterly
    Dates
    SIP - Except 29,30 and 31 all dates, SWP - Any Business Day, STP - Daily, Weekly all days, Fortnightly - alternate Wednesday, Monthly and Quarterly 1,7,10,15 and 25
    Minimum
    SIP Daily, Weekly - 100, Monthly 100.00, SIP Yearly - 12000.00 SWP - 1000 STP - Daily, Weekly, Fortnightly, Monthly - 1000 and Quarterly 3000.00 . Choti SIP - Maximum one SIP under the facility of exactly equal to Rs. 250/- is allowed. The facility is restricted to three SIP’s across all Mutual Funds (one each in upto three Asset Management Companies)., then in multiples of ₹1
    Instalments
    SIP Daily -6, Weekly - 6, Monthly - 6 SIP - Yearly - 3 , Choti SIP - 60 installments at the time of registration ( If the tenure is below or above 5 years then SIP will be considered as Normal SIP. However, if investor desires to stop or withdraw the SIP investment prematurely, there is no restriction); SWP - Weekly - 5, Monthly - 6, Quarterly - 4, Halfyearly - 4, Yearly - 2 STP - Daily -6, Weekly - 6, Fortnightly -6, Monthly - 6, Quarterly -2.

    Selling and switching

    Scheme details(6 Oct 2026)

    What it is

    Category
    Large & Midcap Fund
    Offer
    1 Oct 2018 to 15 Oct 2018
    Started
    22 Oct 2018
    Reopened
    26 Oct 2018
    Plans
    Direct IDCW Direct Growth Regular IDCW Regular Growth
    Face value
    ₹10
    Listed
    Unlisted

    How it is run

    Swing pricing
    No
    Side-pocketing
    No
    Custodian
    DEUTSCHE BANK AG
    Auditor
    B S R & Co. LLP
    Registrar
    Kfintech Ltd
    SEBI code
    AXIS/O/E/LMF/18/05/0028