{"id":224157,"date":"2026-08-31T13:51:33","date_gmt":"2026-08-31T08:21:33","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/axis-large-and-mid-cap-fund-direct-growth-review-2026\/"},"modified":"2026-08-31T13:51:33","modified_gmt":"2026-08-31T08:21:33","slug":"axis-large-and-mid-cap-fund-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/axis-large-and-mid-cap-fund-direct-growth-review-2026\/","title":{"rendered":"Axis Large &#038; Mid Cap Fund Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/axis-large-mid-cap-fund-g-direct-plan\">Axis Large &amp; Mid Cap Fund Direct Growth Plan<\/a> has a NAV of \u20b939.54 as of 28 Aug 2026 and a scheme AUM of \u20b916,718 Cr. Its 1-year, 3-year and 5-year returns are 11.51%, 17.30% and 13.69%, and it is tagged High Risk. Our view is that it suits investors who can hold through uneven stretches in return patterns while seeking a large- and mid-cap mix with meaningful bank exposure.<\/p>\n<p>It has also kept pace better over longer stretches than in the most recent year, while the benchmark line has been softer over the same horizons. That makes the fund more suitable for investors who want equity upside with a portfolio that is still anchored by large-cap holdings, but who can accept sector concentration and the higher volatility that comes with this style.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/axis-large-and-mid-cap-fund-direct-growth-review-2026\/#Quick_facts\" title=\"Quick facts\">Quick facts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/axis-large-and-mid-cap-fund-direct-growth-review-2026\/#Performance\" title=\"Performance\">Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/axis-large-and-mid-cap-fund-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_Axis_Large_Mid_Cap\" title=\"Should you BUY or HOLD Axis Large &#038; Mid Cap?\">Should you BUY or HOLD Axis Large &#038; Mid Cap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/axis-large-and-mid-cap-fund-direct-growth-review-2026\/#Peer_comparison\" title=\"Peer comparison\">Peer comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/axis-large-and-mid-cap-fund-direct-growth-review-2026\/#Portfolio_where_your_money_goes\" title=\"Portfolio: where your money goes\">Portfolio: where your money goes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/axis-large-and-mid-cap-fund-direct-growth-review-2026\/#Who_should_invest\" title=\"Who should invest\">Who should invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/axis-large-and-mid-cap-fund-direct-growth-review-2026\/#Tax_and_exit_load\" title=\"Tax and exit load\">Tax and exit load<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/axis-large-and-mid-cap-fund-direct-growth-review-2026\/#Frequently_asked_questions\" title=\"Frequently asked questions\">Frequently asked questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/axis-large-and-mid-cap-fund-direct-growth-review-2026\/#What_is_the_current_NAV_of_Axis_Large_Mid_Cap_Fund_Direct_Growth_Plan\" title=\"What is the current NAV of Axis Large &amp; Mid Cap Fund Direct Growth Plan?\">What is the current NAV of Axis Large &amp; Mid Cap Fund Direct Growth Plan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/axis-large-and-mid-cap-fund-direct-growth-review-2026\/#What_are_the_funds_1-year_3-year_and_5-year_returns\" title=\"What are the fund\u2019s 1-year, 3-year and 5-year returns?\">What are the fund\u2019s 1-year, 3-year and 5-year returns?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/axis-large-and-mid-cap-fund-direct-growth-review-2026\/#How_does_the_fund_compare_with_its_benchmark\" title=\"How does the fund compare with its benchmark?\">How does the fund compare with its benchmark?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/axis-large-and-mid-cap-fund-direct-growth-review-2026\/#How_does_it_compare_with_the_peer_funds_listed_here\" title=\"How does it compare with the peer funds listed here?\">How does it compare with the peer funds listed here?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/axis-large-and-mid-cap-fund-direct-growth-review-2026\/#What_is_the_minimum_SIP_amount\" title=\"What is the minimum SIP amount?\">What is the minimum SIP amount?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/axis-large-and-mid-cap-fund-direct-growth-review-2026\/#What_risk_and_portfolio_style_does_the_fund_have\" title=\"What risk and portfolio style does the fund have?\">What risk and portfolio style does the fund have?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/axis-large-and-mid-cap-fund-direct-growth-review-2026\/#Bottom_line\" title=\"Bottom line\">Bottom line<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/axis-large-and-mid-cap-fund-direct-growth-review-2026\/#Explore_mutual_funds_with_Univest\" title=\"Explore mutual funds with Univest\">Explore mutual funds with Univest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/axis-large-and-mid-cap-fund-direct-growth-review-2026\/#RIA_disclosure\" title=\"RIA disclosure\">RIA disclosure<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Quick_facts\"><\/span>Quick facts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Metric<\/th>\n<th>Value<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>NAV<\/td>\n<td>\u20b939.54<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b916,718 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.6%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>22 Oct 2018<\/td>\n<\/tr>\n<tr>\n<td>Min SIP<\/td>\n<td>\u20b9100<\/td>\n<\/tr>\n<tr>\n<td>Risk Category<\/td>\n<td>High Risk<\/td>\n<\/tr>\n<tr>\n<td>Benchmark<\/td>\n<td>Nifty Mid Cap<\/td>\n<\/tr>\n<tr>\n<td>Fund Category<\/td>\n<td>Equity<\/td>\n<\/tr>\n<tr>\n<td>Exit Load<\/td>\n<td>Nil for 10% of investments and 1% for remaining investments on or before 12M, Nil after 12M<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>Shreyash Devalkar, Hitesh Das, Mayank Hyanki, Krishnaa N<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Shreyash Devalkar, Hitesh Das, Mayank Hyanki and Krishnaa N.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 28 Aug 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Performance\"><\/span>Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Fund return<\/th>\n<th>Benchmark return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1M<\/td>\n<td>2.30%<\/td>\n<td>-0.85%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>7.27%<\/td>\n<td>3.39%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>11.51%<\/td>\n<td>-2.29%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>17.30%<\/td>\n<td>6.40%<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>13.69%<\/td>\n<td>7.13%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund\u2019s recent move has been stronger than the benchmark over every period shown, especially over 1 year where the benchmark was negative while the fund stayed positive. That tells us the scheme has held up better than the index in a choppy environment, even though the last few months have been less smooth than the longer multi-year pattern.<\/p>\n<p>Over 3 years and 5 years, the fund\u2019s returns remain comfortably ahead of the benchmark. The 3-year return of 17.30% is a clear step up from the 5-year figure of 13.69%, which suggests the fund has done more of its compounding in the later part of the period rather than at a steady pace throughout.<\/p>\n<p>The short-term series also points to some back-and-forth movement rather than a one-way climb. Even so, the broad trend has stayed positive, and the fund has recovered well after weaker patches, which is useful context for investors judging whether the recent year is a temporary pause or part of a more uneven return profile.<\/p>\n<p>In our view, the main takeaway is that this is not a defensive return pattern. The fund has still outpaced the benchmark across every horizon listed, but the path has included volatility, so the return outcome has come with enough movement to matter for investors who prefer smoother equity journeys.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 28 Aug 2026<\/small><\/p>\n<section class=\"univest-mf-premium-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;border:1px solid #d8e3f0;background:#f7faff\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Should_you_BUY_or_HOLD_Axis_Large_Mid_Cap\"><\/span>Should you BUY or HOLD Axis Large &#038; Mid Cap?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A fund&#8217;s past returns alone don&#8217;t tell you whether you should buy it today or continue holding it.<\/p>\n<p>The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.<\/p>\n<p><strong>Already holding Axis Large &#038; Mid Cap? Thinking of investing now?<\/strong><\/p>\n<p><a href=\"https:\/\/univest.in\/mutual-funds\" style=\"font-weight:700;text-decoration:none\">Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium<\/a><\/p>\n<\/section>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Peer_comparison\"><\/span>Peer comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Fund<\/th>\n<th>1Y return<\/th>\n<th>3Y return<\/th>\n<th>5Y return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/axis-large-mid-cap-fund-g-direct-plan\">Axis Large &amp; Mid Cap Fund Direct Growth Plan<\/a><\/td>\n<td>11.5059%<\/td>\n<td>17.2968%<\/td>\n<td>13.693%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/motilal-oswal-large-and-midcap-fund-g-direct-plan\">Motilal Oswal Large &amp; Midcap Fund Direct Growth Plan<\/a><\/td>\n<td>17.6054%<\/td>\n<td>24.1261%<\/td>\n<td>20.381%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/quant-large-and-mid-cap-fund-g-direct-plan\">Quant Large &amp; Mid Cap Fund Direct Growth Plan<\/a><\/td>\n<td>17.0238%<\/td>\n<td>17.6075%<\/td>\n<td>17.8251%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/hsbc-large-and-mid-cap-fund-g-direct-plan\">HSBC Large &amp; Mid Cap Fund Direct Growth Plan<\/a><\/td>\n<td>16.4232%<\/td>\n<td>19.8019%<\/td>\n<td>16.4202%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/sundaram-large-and-mid-cap-fund-g-direct-plan\">Sundaram Large and Mid Cap Fund Direct Growth Plan<\/a><\/td>\n<td>15.0181%<\/td>\n<td>16.9524%<\/td>\n<td>13.9892%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/invesco-india-large-and-mid-cap-fund-g-direct-plan\">Invesco India Large &amp; Mid Cap Fund Direct Growth Plan<\/a><\/td>\n<td>13.0178%<\/td>\n<td>24.5005%<\/td>\n<td>18.7987%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.<\/p>\n<p>The fund\u2019s 1-year return is lower than each of the five peers listed here, while its 3-year and 5-year figures also trail the stronger long-term numbers shown by several peers. Motilal Oswal Large &amp; Midcap Fund Direct Growth Plan and Invesco India Large &amp; Mid Cap Fund Direct Growth Plan stand out on longer horizons, but the current fund still stays ahead of the benchmark returns across the same periods.<\/p>\n<p>That split matters. The peer set suggests the fund has been steadier than the benchmark, yet it has not matched the faster compounding delivered by some peers over 3 years and 5 years. So the short-term comparison looks weaker, while the longer-term comparison is more mixed rather than uniformly strong.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 28 Aug 2026<\/small><\/p>\n<div class=\"univest-peer-login-cta\" style=\"margin:20px 0;padding:16px 18px;border:1px solid #d8e3f0;border-radius:8px;background:#f7faff\">\n<p style=\"margin:0\"><strong>Want to know more?<\/strong> <a href=\"https:\/\/univest.in\/user\/log-in\" style=\"font-weight:700;text-decoration:none\">Log in to Univest<\/a> for more mutual fund insights.<\/p>\n<\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Portfolio_where_your_money_goes\"><\/span>Portfolio: where your money goes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Market-cap segment<\/th>\n<th>Allocation<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Large Cap<\/td>\n<td>42.44%<\/td>\n<\/tr>\n<tr>\n<td>Mid Cap<\/td>\n<td>38.27%<\/td>\n<\/tr>\n<tr>\n<td>Small Cap<\/td>\n<td>8.34%<\/td>\n<\/tr>\n<tr>\n<td>Other Cap<\/td>\n<td>10.95%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table>\n<thead>\n<tr>\n<th>Sector<\/th>\n<th>Allocation<\/th>\n<th>Key holdings<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>BANK<\/td>\n<td>25.62%<\/td>\n<td>KOTAK MAHINDRA BANK LIMITED (10.9%), HDFC BANK LIMITED (4.09%)<\/td>\n<\/tr>\n<tr>\n<td>AUTOMOBILE &amp; ANCILLARIES<\/td>\n<td>11.16%<\/td>\n<td>ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LIMITED (3.96%), MAHINDRA &amp; MAHINDRA LIMITED (1.35%)<\/td>\n<\/tr>\n<tr>\n<td>FINANCE<\/td>\n<td>9.6%<\/td>\n<td>MULTI COMMODITY EXCHANGE OF INDIA LIMITED (2.53%), SHRIRAM FINANCE LIMITED (1.55%)<\/td>\n<\/tr>\n<tr>\n<td>HEALTHCARE<\/td>\n<td>7.05%<\/td>\n<td>DIVI&#8217;S LABORATORIES LIMITED (1.27%), FORTIS HEALTHCARE LIMITED (1.25%)<\/td>\n<\/tr>\n<tr>\n<td>CAPITAL GOODS<\/td>\n<td>5.64%<\/td>\n<td>GE VERNOVA T&amp;D INDIA LIMITED (1.49%), APAR INDUSTRIES LIMITED (0.99%)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The market-cap mix is balanced toward larger companies, with large caps at 42.44% and mid caps close behind at 38.27%. Small caps are a much smaller slice at 8.34%, so the portfolio is not heavily tilted toward the most volatile segment, even though it still carries enough mid-cap exposure to keep returns from looking like a plain large-cap strategy.<\/p>\n<p>Banks dominate the sector mix at 25.62%, which is materially higher than the next sector, automobiles and ancillaries at 11.16%. Finance at 9.6% and healthcare at 7.05% then spread the exposure further, but the overall shape still leaves banking as the clearest single influence on the portfolio.<\/p>\n<p>That concentration means the fund may be more sensitive to movements in financials, especially large private-sector banks, than a more evenly spread large-mid allocation. The rest of the portfolio adds diversification, yet the bank weight is still large enough to matter more than any other sector when the fund\u2019s returns move.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 28 Aug 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_should_invest\"><\/span>Who should invest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This fund fits investors who are comfortable with High Risk equity exposure and can hold through uneven return paths. The 1-year number is weaker than the 3-year and 5-year figures, so the pattern suits people who can look beyond short stretches and accept that the journey may be choppy before the longer compounding shows up.<\/p>\n<p>It is better suited to a medium-to-long investment horizon because the fund has historically needed time for its performance to build. Investors who want a more stable ride may find the combination of mid-cap exposure and sector concentration less comfortable, while those who can tolerate variation may value the fund\u2019s stronger-than-benchmark history across listed horizons.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Tax_and_exit_load\"><\/span>Tax and exit load<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding period<\/th>\n<th>Tax rate<\/th>\n<th>Description<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Units held less than 1 year<\/td>\n<td>20%<\/td>\n<td>Short-term capital gains tax<\/td>\n<\/tr>\n<tr>\n<td>Units held more than 1 year<\/td>\n<td>12.5%<\/td>\n<td>Long-term capital gains tax<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Exit load:<\/strong> Nil for 10% of investments and 1% for remaining investments on or before 12M, Nil after 12M.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 28 Aug 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Frequently_asked_questions\"><\/span>Frequently asked questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_is_the_current_NAV_of_Axis_Large_Mid_Cap_Fund_Direct_Growth_Plan\"><\/span>What is the current NAV of Axis Large &amp; Mid Cap Fund Direct Growth Plan?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The current NAV is \u20b939.54 as of 28 Aug 2026.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_are_the_funds_1-year_3-year_and_5-year_returns\"><\/span>What are the fund\u2019s 1-year, 3-year and 5-year returns?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The fund\u2019s 1-year return is 11.51%, its 3-year return is 17.30%, and its 5-year return is 13.69%.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_does_the_fund_compare_with_its_benchmark\"><\/span>How does the fund compare with its benchmark?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It has outperformed the benchmark across all listed periods. The benchmark return is -2.29% over 1 year, 6.40% over 3 years and 7.13% over 5 years.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_does_it_compare_with_the_peer_funds_listed_here\"><\/span>How does it compare with the peer funds listed here?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Its 1-year return is below all five peer funds listed here, while its 3-year and 5-year numbers are also below several of those peers. Even so, it remains ahead of the benchmark across the same periods.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_is_the_minimum_SIP_amount\"><\/span>What is the minimum SIP amount?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The minimum SIP amount is \u20b9100.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_risk_and_portfolio_style_does_the_fund_have\"><\/span>What risk and portfolio style does the fund have?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The fund is tagged High Risk and carries a large-and-mid-cap mix with 42.44% in large caps, 38.27% in mid caps and 8.34% in small caps. Its largest sector is banking at 25.62%, which gives the portfolio a clear financials tilt.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Bottom_line\"><\/span>Bottom line<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Axis Large &amp; Mid Cap Fund Direct Growth Plan has shown a better longer-run pattern than its recent 1-year figure, and it has stayed ahead of the benchmark across every period shown. The peer set, however, suggests that some funds in the same space have compounded faster over 3 and 5 years. With a High Risk tag, a large-and-mid-cap mix, and a strong banking tilt, it suits investors who can accept volatility in exchange for equity growth potential rather than smoother outcomes.<\/p>\n<p><\/contentHtml><\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 31 August 2026 at 1:50 PM IST<\/p>\n<section class=\"univest-login-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;background:#eef5ff;border:1px solid #cddff7;text-align:center\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Explore_mutual_funds_with_Univest\"><\/span>Explore mutual funds with Univest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Review mutual fund data, compare performance and explore fund insights on Univest.<\/p>\n<p><a href=\"https:\/\/univest.in\/user\/log-in\" style=\"display:inline-block;padding:11px 20px;border-radius:6px;background:#1f4e79;color:#fff !important;text-decoration:none;font-weight:700\">Explore Univest<\/a><\/p>\n<\/section>\n<section class=\"univest-disclaimer\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"RIA_disclosure\"><\/span>RIA disclosure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.<\/p>\n<\/section>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"InvestmentFund\",\"name\":\"Axis Large & Mid Cap Fund Direct Growth Plan\",\"identifier\":\"axis-large-mid-cap-fund-g-direct-plan\",\"category\":\"Equity\",\"dateCreated\":\"22 Oct 2018\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":39.54,\"valueReference\":\"as of 28 Aug 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"16718 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.6\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty Mid Cap\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":11.5059},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":17.2968},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":13.693},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Shreyash Devalkar, Hitesh Das, Mayank Hyanki, Krishnaa N\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of Axis Large & Mid Cap Fund Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The current NAV is \u20b939.54 as of 28 Aug 2026.\"}},{\"@type\":\"Question\",\"name\":\"What are the fund\u2019s 1-year, 3-year and 5-year returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund\u2019s 1-year return is 11.51%, its 3-year return is 17.30%, and its 5-year return is 13.69%.\"}},{\"@type\":\"Question\",\"name\":\"How does the fund compare with its benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It has outperformed the benchmark across all listed periods. The benchmark return is -2.29% over 1 year, 6.40% over 3 years and 7.13% over 5 years.\"}},{\"@type\":\"Question\",\"name\":\"How does it compare with the peer funds listed here?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its 1-year return is below all five peer funds listed here, while its 3-year and 5-year numbers are also below several of those peers. Even so, it remains ahead of the benchmark across the same periods.\"}},{\"@type\":\"Question\",\"name\":\"What is the minimum SIP amount?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The minimum SIP amount is \u20b9100.\"}},{\"@type\":\"Question\",\"name\":\"What risk and portfolio style does the fund have?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund is tagged High Risk and carries a large-and-mid-cap mix with 42.44% in large caps, 38.27% in mid caps and 8.34% in small caps. Its largest sector is banking at 25.62%, which gives the portfolio a clear financials tilt.\"}}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Person\",\"name\":\"{{ANALYST_NAME}}\",\"affiliation\":{\"@type\":\"Organization\",\"name\":\"Uniapps Investment Adviser Pvt. Ltd.\"},\"description\":\"Uniapps Investment Adviser Pvt. Ltd. \u2014 SEBI Registered Investment Adviser INA000017639\"}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Axis Large &#038; Mid Cap Fund Direct Growth Plan has a \u20b939.54 NAV, \u20b916,718 Cr AUM, 11.51% 1Y return and High Risk tag as of 28 Aug 2026.<\/p>\n","protected":false},"author":29,"featured_media":224156,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-224157","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["224156"],"rank_math_title":["Axis Large &amp; Mid Cap Fund Review 2026 | NAV &amp; Returns"],"rank_math_description":["Axis Large &amp; Mid Cap Fund Direct Growth Plan NAV is \u20b939.54. Returns are 11.51% (1Y), 17.30% (3Y) and 13.69% (5Y)."],"rank_math_focus_keyword":["Axis Large & Mid Cap Fund Direct Growth Plan review"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/08\/Axis_Large_Mid_Cap_Fund_Direct_Growth_Review_2026_NAV_Returns_Portfolio_Should_You_Invest_neutral.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/224157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=224157"}],"version-history":[{"count":0,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/224157\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/224156"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=224157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=224157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=224157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}