Axis Mutual Fund · Direct Growth · SEBI Category: Large Cap
Axis Large Cap Fund is managed by Axis Mutual Fund and is built around a distinctive quality-growth investment philosophy. The fund focuses on businesses with durable competitive moats, high return on capital and the ability to compound earnings over long periods — rather than chasing near-term momentum or cyclical recovery themes. This approach has historically resulted in a portfolio that looks different from most large cap peers, with meaningful weights in consumer, healthcare and technology alongside the more typical banking and energy exposures.
Shreyash Devalkar runs a relatively concentrated portfolio of 35-50 stocks — more focused than the 60-70 stock portfolios common in larger large cap funds. The quality-growth framework means the fund tends to avoid heavily cyclical or commodity-linked businesses even if they are large cap constituents. This gives the fund a distinctive character — it tends to hold up better in sharp market corrections but may lag during cyclical rallies when commodity and banking stocks outperform sharply.
Shreyash Devalkar is Senior Fund Manager at Axis Mutual Fund and has been managing the Axis Large Cap Fund since November 2016. He is known for a quality-growth investment philosophy — focusing on businesses with sustainable competitive advantages, high return on equity and strong management quality. He holds an MBA and brings over 15 years of experience in equity research and fund management.
For current co-manager details and full biography, refer to the latest Axis Mutual Fund factsheet on AMFI or the AMC website.
Informational points to help you form your own view - not judgements or recommendations.
Calculated from 2,573 daily NAV records in RightAdvise DB. Last calculated: Jun 2026.
1M / 3M / 6M / 1Y - simple point-to-point return · 3Y / 5Y / 10Y - CAGR (compounded annual growth rate)
Based on all rolling windows in full NAV history. Dates show the start and end of each period.
Jan 1 to Dec 31 each year. Simple point-to-point - not CAGR.
Rolling returns show performance across every possible investment start date - not one cherry-picked number. Learn more →
How much the fund fell from its peak NAV - what investors actually experience during crashes. Calculated from full NAV history.
Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.
When NAV is above 200 DMA the fund is in an uptrend. When below, it signals caution. Calculated from NAV data in DB.
Calculated from 3 years of daily NAV - industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →
Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes - from official AMC disclosures.
See how Axis Large Cap Fund ranks against other Large Cap funds on returns, drawdown, Sharpe ratio and AAUM - side by side.
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