Axis Large & Mid Cap Fund: 17.33% CAGR Since 2018

The Axis Large & Mid Cap Fund has achieved a **17.33%** Compound Annual Growth Rate (CAGR) under its Regular Plan – Growth option since its inception in 2018, as reported on June 30, 2026.

This performance highlights the fund’s strategy of combining the stability inherent in large-cap companies with the growth potential offered by mid-cap businesses, aiming for balanced investor returns.

Key Performance Metrics

• Since its launch in **2018**, the fund generated a **17.33%** CAGR for the Regular Plan – Growth option.
• A hypothetical **₹10,000** investment at inception would have grown to approximately **₹33,800**.
• The fund also recorded a **15.08%** CAGR over a three-year period.

The current market environment offers distinct opportunities across both large- and mid-cap segments, with large-caps providing valuation comfort and mid-caps demonstrating stronger earnings growth, reflecting India’s broader economic narrative.

Strategic Portfolio Adjustments

The Axis Large & Mid Cap Fund employs a research-driven investment process, prioritizing quality companies and attractive risk-reward opportunities while remaining mindful of valuations.

• Domestic equity holdings were reduced from **96%** to **81%** between December 2025 and June 2026.
• Allocations increased in sectors such as auto components, electrical equipment, and industrial products.
• The fund also targeted companies benefiting from manufacturing-led growth, government policy, and supply chain diversification.

Furthermore, the fund has strategically expanded its exposure to global markets, capturing growth opportunities in themes like artificial intelligence, alongside continuous valuation monitoring.

India’s Growth Catalysts

Shreyash Devalkar, Head – Equity at Axis Mutual Fund, identified several key drivers underpinning India’s growth trajectory.

• Rising consumption trends across various segments.
• An increased focus on domestic manufacturing initiatives.
• Ongoing economic formalization efforts.
• Growing private-sector investment contributing to capital formation.

Devalkar emphasized the fund’s dual strategy of integrating established market leaders with emerging businesses that possess significant scaling potential, selecting firms with durable business models, robust management, and sustainable earnings growth.

Industry Landscape

The broader Indian mutual fund industry continues to witness healthy investor participation, reaching substantial asset under management (AUM) figures.

• The Indian mutual fund industry’s AUM stood at **₹81.58 lakh crore** in May 2026.
• The Large & Mid Cap Fund category alone managed approximately **₹3.40 lakh crore**, indicating sustained investor interest in this balanced investment approach.