Axis Large Cap Fund: Wealth creation track record

Axis Large Cap Fund has completed 16 years since its launch. The fund invests primarily in large cap stocks i.e., top 100 stocks by market capitalization. Large cap, as the name suggests, refers to the largest companies in India. They are not just market cap leaders; they are also leaders in terms of market share in their respective industries. Axis Large Cap Fund has an AUM base of Rs 31,390 crores as on 31^st July 2026 and has outperformed its benchmark index BSE 100 TRI since its inception. In this article, we will review Axis Large Cap Fund.

Why invest in large cap funds?

• Proven business models with long track record


• Market leaders in terms of market share, size, penetration


• Some large cap companies can generate significant revenue from global markets


• Large cap companies, typically have strong corporate-governance practices


• Large cap stocks have wealth creation potential. The chart below shows the growth of Rs 1 lakh in Nifty 100 TRI (index of 100 largest stocks by market cap) over the last 20 years. You can see that the investment would have multiplied 10X at a CAGR of 12.5%.
  
  

  

  Source: NSE, Advisorkhoj Research, as on 31^st July 2026



• The chart below shows the 3 year rolling returns of large, mid and small cap stocks over the last 20 years. Large caps tend to be more stable than midcap and small cap stocks.
  
  

  

  Source: NSE, Advisorkhoj Research, as on 31^st July 2026



• The chart below shows the drawdowns of large, mid and small cap stocks over the last 20 years. You can see that large caps experienced smaller drawdowns compared to midcaps and small caps, lower downside risks.
  
  

  

  Source: NSE, Advisorkhoj Research, as on 31^st July 2026. Large cap is represented by Nifty 100 TRI, Midcap by Nifty Midcap 150 TRI and Small cap by Nifty Small Cap 250 TRI



• Volatility in the market for past years have brought down valuations of large cap stocks from their September 24 peak to much more reasonable levels (see the chart below).
  
  

  

  Source: NSE, Advisorkhoj Research, as on 31^st July 2026.

Axis Large Cap - Outperformed the benchmark index since inception

Source: Advisorkhoj Research as on 14^th August 2026

Investment philosophy - Focus on Quality

Investment focus

Lower volatility compared to peers

Standard deviation is a measure of volatility. We compared standard deviation of all large cap funds which have completed more than 3 years. You can see that Axis Large Cap Fund has lower volatility compared to most peer schemes

Source: Advisorkhoj Research as on 31^st July 2026

Lower systematic risk compared to peers

Beta is a measure of systematic risks. We compared betas of all large cap funds which have completed more than 3 years. You can see that Axis Large Cap Fund has lower beta compared to most peer schemes.

Source: Advisorkhoj Research as on 31^st July 2026

Wealth creation through SIP

The chart below shows the growth of Rs 10,000 monthly SIP in Axis Large Cap Fund since the inception of the scheme. With a cumulative investment of Rs 20 lakhs, you could have accumulated a corpus of Rs 58.43 lakhs at a XIRR of 11.84% (as on 14^th July 2026).

Source: Advisorkhoj Research as on 31^st July 2026

The table below shows the SIP rolling returns distribution of Axis Large Cap Fund for different SIP tenures over the last 20 years. You can see that fund never have negative returns over 5 year plus SIP tenures. For SIP tenures of 8 years or longer, the percentage instances of double digit XIRR returns was more than 93%.

Source: Advisorkhoj Research as on 14^th August 2026

Recovery in performance in last 2 years - consistently in upper quartiles

The graphic below shows the quarterly returns of Axis Large Cap Fund and the quartile rankings of the fund for every quarter over the last 3 years. The fund was in the top 2 quartiles, 7 times in the last 12 quarters.

Source: Advisorkhoj Research as on 30^th June 2026

High quality portfolio

Source: Bloomberg, Axis MF Research, as on 30^th June 2026

Current portfolio positioning

Source: Axis MF, as on 31^st July 2026

Who can find Axis Large Cap Fund suitable?

• Investors who are looking for capital appreciation with a long-term investment horizon.


• Those who are looking to build their core portfolio with large-cap stocks.


• Those who have an investment horizon of more than 5 years.


• The fund is suitable for first-time or new investors


• You can invest in this fund either in lump sum or SIP depending on your financial situation or investment needs

Investors should consult with their financial advisors or mutual fund distributors if Axis Large Cap Fund is suitable for their investment needs.