Axis Large Cap Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Large Cap Fund

Equity Holding : 96.19% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 96.19%

No of Stocks : 54 (Category Avg - 52.03) | Large Cap Investments : 61%| Mid Cap Investments : 9.84% | Small Cap Investments : 1.36% | Other : 23.97%

Portfolio Summary (as on 30th Nov,2025)

Particulars	This Scheme	Category
No. of Stocks	54	51.15
Top 5 Stock Weight	36.09%	31.27%
Top 10 Stock Weight	56.33%	48.42%
Top 3 Sector Weight	35.01%	36.29%

Category - Large Cap Fund

Particulars	This Scheme	Category
Average mcap (Cr)	161843.02	151548.82
Holdings in large cap stocks	61%	60.32%
Holdings in mid cap stocks	9.84%	8.59%
Holdings in small cap stocks	1.36%	2.38%

Category - Large Cap Fund

Top 10 Stocks holding in Portfolio (as on 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# HDFC Bank Ltd.	Private sector bank	32683.6	9.59%	0.00%	9.94% (Feb 2025)	9.02% (May 2025)	3.24 Cr	0.00
# ICICI Bank Ltd.	Private sector bank	27634.2	8.11%	0.00%	9.25% (Jul 2025)	7.59% (Oct 2025)	1.99 Cr	8.16 L
# Reliance Industries Ltd.	Refineries & marketing	24468.9	7.18%	0.00%	6.8% (Jun 2025)	2.68% (Jan 2025)	1.56 Cr	2.22 L
# Bharti Airtel Ltd.	Telecom - cellular & fixed line services	20223.4	5.94%	0.00%	5.84% (Oct 2025)	4.89% (Dec 2024)	96.23 L	0.00
# Infosys Ltd.	Computers - software & consulting	17969.9	5.27%	0.00%	6.54% (Jan 2025)	3.52% (Apr 2025)	1.15 Cr	6.58 L
# Bajaj Finance Ltd.	Non banking financial company (nbfc)	16432	4.82%	0.00%	5.39% (Sep 2025)	3.47% (Dec 2024)	1.58 Cr	-6.75 L
# Larsen & Toubro Ltd.	Civil construction	15759	4.63%	0.00%	4.57% (Oct 2025)	2.81% (Apr 2025)	38.72 L	37.10 k
# State Bank Of India	Public sector bank	14101.8	4.14%	0.00%	3.99% (Oct 2025)	2.39% (Nov 2024)	1.44 Cr	0.00
# Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	12152.8	3.57%	0.00%	3.56% (Aug 2025)	2.73% (Mar 2025)	32.34 L	-0.20 L
# InterGlobe Aviation Ltd.	Airline	10498.5	3.08%	0.00%	3.12% (Dec 2024)	1.7% (Jan 2025)	17.79 L	0.00

- indicates change in weight in the portfolio. # indicates a new entry.

View complete holding

Complete equity Portfolio (as on 30th Nov,2025)

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Sector
M-Cap

Help me understand this table

Stock Invested in	Sector	Sector Total	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty	M-Cap	GroupName
# HDFC Bank Ltd.	Private sector bank	20.5	32683.6	9.59%	0.00%	9.94% (Feb 2025)	9.02% (May 2025)	3.24 Cr	0.00	Other	23.97
# ICICI Bank Ltd.	Private sector bank	20.5	27634.2	8.11%	0.00%	9.25% (Jul 2025)	7.59% (Oct 2025)	1.99 Cr	8.16 L	Large Cap	61
# Reliance Industries Ltd.	Refineries & marketing	7.18	24468.9	7.18%	0.00%	6.8% (Jun 2025)	2.68% (Jan 2025)	1.56 Cr	2.22 L	Large Cap	61
# Bharti Airtel Ltd.	Telecom - cellular & fixed line services	5.94	20223.4	5.94%	0.00%	5.84% (Oct 2025)	4.89% (Dec 2024)	96.23 L	0.00	Large Cap	61
# Infosys Ltd.	Computers - software & consulting	7.33	17969.9	5.27%	0.00%	6.54% (Jan 2025)	3.52% (Apr 2025)	1.15 Cr	6.58 L	Large Cap	61
# Bajaj Finance Ltd.	Non banking financial company (nbfc)	7.08	16432	4.82%	0.00%	5.39% (Sep 2025)	3.47% (Dec 2024)	1.58 Cr	-6.75 L	Other	23.97
# Larsen & Toubro Ltd.	Civil construction	4.63	15759	4.63%	0.00%	4.57% (Oct 2025)	2.81% (Apr 2025)	38.72 L	37.10 k	Large Cap	61
# State Bank Of India	Public sector bank	4.14	14101.8	4.14%	0.00%	3.99% (Oct 2025)	2.39% (Nov 2024)	1.44 Cr	0.00	Large Cap	61
# Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	5.37	12152.8	3.57%	0.00%	3.56% (Aug 2025)	2.73% (Mar 2025)	32.34 L	-0.20 L	Large Cap	61
# InterGlobe Aviation Ltd.	Airline	3.08	10498.5	3.08%	0.00%	3.12% (Dec 2024)	1.7% (Jan 2025)	17.79 L	0.00	Large Cap	61
# Eternal Ltd.	E-retail/ e-commerce	2.95	10062.8	2.95%	0.00%	3.94% (Sep 2025)	1.51% (Mar 2025)	3.35 Cr	1.06 L	Other	23.97
# Ultratech Cement Ltd.	Cement & cement products	2.81	9587.8	2.81%	0.00%	3.13% (Aug 2025)	1.91% (Nov 2024)	8.27 L	-0.17 L	Large Cap	61
# Kotak Mahindra Bank Ltd.	Private sector bank	20.5	9551	2.80%	0.00%	2.92% (Apr 2025)	1.41% (Nov 2024)	44.96 L	0.00	Large Cap	61
# Titan Company Ltd.	Gems, jewellery and watches	2.12	7227.9	2.12%	0.00%	2.15% (Aug 2025)	0.86% (Nov 2024)	18.50 L	0.00	Large Cap	61
# Apollo Hospitals Enterprises Ltd.	Hospital	1.98	6745.2	1.98%	0.00%	2.24% (Oct 2025)	0.76% (Nov 2024)	9.20 L	-0.69 L	Mid Cap	9.84
# Bharat Electronics Ltd.	Aerospace & defense	2.43	6275.1	1.84%	0.00%	2.13% (Oct 2025)	0.45% (Feb 2025)	1.52 Cr	-0.17 Cr	Mid Cap	9.84
# Divis Laboratories Ltd.	Pharmaceuticals	3.98	6203	1.82%	0.00%	1.89% (Oct 2025)	0.52% (Nov 2024)	9.58 L	7.44 k	Large Cap	61
# Indian Hotels Company Limited	Hotels & resorts	1.32	4501.2	1.32%	0.00%	1.92% (Aug 2025)	1.47% (Feb 2025)	60.48 L	-0.26 Cr	Mid Cap	9.84
# Pidilite Industries Ltd.	Specialty chemicals	1.32	4481.1	1.32%	0.00%	2.03% (May 2025)	1.59% (Oct 2025)	30.49 L	-6.70 L	Large Cap	61
# Cholamandalam Investment & Finance Co. Ltd.	Non banking financial company (nbfc)	7.08	4215.6	1.24%	0.00%	1.75% (Nov 2024)	1.22% (Jul 2025)	24.28 L	0.00	Other	23.97
# Avenue Supermarts Ltd.	Diversified retail	1.2	4086.7	1.20%	0.00%	2.23% (Nov 2024)	1.12% (Feb 2025)	10.23 L	-0.94 L	Large Cap	61
# Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	3.98	3860.1	1.13%	0.00%	3.13% (Dec 2024)	1.02% (Sep 2025)	21.07 L	0.00	Large Cap	61
# Tech Mahindra Ltd.	Computers - software & consulting	7.33	3648.5	1.07%	0.00%	1.45% (Aug 2025)	0.22% (Mar 2025)	24.05 L	87.22 k	Large Cap	61
# Torrent Pharmaceuticals Ltd.	Pharmaceuticals	3.98	3523.3	1.03%	0.00%	1.04% (Sep 2025)	0% (Nov 2024)	9.47 L	0.00	Mid Cap	9.84
# Cummins India Ltd.	Compressors, pumps & diesel engines	0.98	3326.8	0.98%	0.00%	1.04% (Oct 2025)	0% (Nov 2024)	7.43 L	-0.71 L	Mid Cap	9.84
# Tata Consumer Products Ltd.	Tea & coffee	0.95	3253.5	0.95%	0.00%	0.96% (Oct 2025)	0.25% (Dec 2024)	27.75 L	0.00	Mid Cap	9.84
# Shriram Finance Ltd.	Non banking financial company (nbfc)	7.08	3224.7	0.95%	0.95%	0% (Dec 2025)	0% (Dec 2025)	37.86 L	37.86 L	Other	23.97
# Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	5.37	3167.9	0.93%	0.00%	1.26% (Oct 2025)	0% (Nov 2024)	1.99 L	-0.64 L	Large Cap	61
# CG Power and Industrial Solutions Ltd.	Heavy electrical equipment	0.91	3104.4	0.91%	0.00%	0.98% (Sep 2025)	0% (Nov 2024)	46.13 L	2.66 L	Small Cap	1.36
# Hyundai Motor India Ltd.	Passenger cars & utility vehicles	5.37	2971.8	0.87%	0.00%	1.29% (Sep 2025)	0.09% (Apr 2025)	12.78 L	-4.31 L	Other	23.97
# TVS Motor Company Ltd.	2/3 wheelers	1.41	2943.6	0.86%	0.00%	1.58% (Sep 2025)	0.81% (Jul 2025)	8.34 L	-6.18 L	Mid Cap	9.84
# Info Edge (India) Ltd.	Internet & catalogue retail	0.66	2240.9	0.66%	0.00%	2.23% (Dec 2024)	0.74% (Oct 2025)	16.85 L	-1.41 L	Other	23.97
# National Thermal Power Corporation Ltd.	Power generation	0.87	2154.5	0.63%	0.00%	1.3% (Apr 2025)	0.78% (Oct 2025)	66.00 L	-0.12 Cr	Large Cap	61
# Trent Limited	Speciality retail	0.61	2078.2	0.61%	0.00%	1.17% (Dec 2024)	0.64% (Sep 2025)	4.89 L	-0.79 L	Mid Cap	9.84
# Motherson Sumi Systems Ltd.	Auto components & equipments	0.59	2017.3	0.59%	0.00%	0.6% (Jun 2025)	0.33% (Apr 2025)	1.73 Cr	0.00	Large Cap	61
# Hindustan Aeronautics Ltd.	Aerospace & defense	2.43	1997	0.59%	0.59%	0.64% (Nov 2024)	0% (Nov 2024)	4.40 L	4.40 L	Other	23.97
# HDFC Life Insurance Company Ltd.	Life insurance	0.57	1929	0.57%	0.00%	1.17% (Jun 2025)	0.5% (Dec 2024)	25.24 L	-9.98 L	Large Cap	61
# Eicher Motors Ltd.	2/3 wheelers	1.41	1851.5	0.54%	0.00%	0.56% (Sep 2025)	0% (Nov 2024)	2.62 L	0.00	Other	23.97
# LG Electronics India Pvt. Ltd.	Consumer electronics	0.95	1709.4	0.50%	0.00%	0.51% (Oct 2025)	0% (Nov 2024)	10.30 L	0.00	Other	23.97
# Tata Consultancy Services Ltd.	Computers - software & consulting	7.33	1697.8	0.50%	0.00%	3.6% (Jan 2025)	0.47% (Sep 2025)	5.41 L	0.00	Large Cap	61
# HCL Technologies Limited	Computers - software & consulting	7.33	1675.3	0.49%	0.00%	0.56% (Dec 2024)	0.1% (Apr 2025)	10.31 L	4.13 L	Large Cap	61
# Dixon Technologies (India) Ltd.	Consumer electronics	0.95	1536.4	0.45%	0.00%	0.52% (Sep 2025)	0% (Nov 2024)	1.05 L	0.00	Other	23.97
# Solar Industries India Ltd.	Explosives	0.45	1516.3	0.45%	0.00%	0.42% (Jul 2025)	0% (Nov 2024)	1.14 L	15.00 k	Small Cap	1.36
# Hindustan Unilever Ltd.	Diversified fmcg	0.66	1510.4	0.44%	0.00%	0.78% (Sep 2025)	0% (Nov 2024)	6.12 L	0.00	Large Cap	61
# Tata Power Co. Ltd.	Integrated power utilities	0.27	920.9	0.27%	0.00%	0.31% (Jun 2025)	0% (Nov 2024)	23.61 L	0.00	Mid Cap	9.84
# Varun Beverages Ltd.	Other beverages	0.25	864	0.25%	0.00%	1.06% (Apr 2025)	0.24% (Sep 2025)	17.94 L	0.00	Other	23.97
# TML Commercial Vehicles Ltd.	Commercial vehicles	0.24	811.5	0.24%	0.24%	0% (Dec 2025)	0% (Dec 2025)	23.05 L	23.05 L	Other	23.97
# Siemens Energy India Ltd.	Power generation	0.87	809.4	0.24%	0.00%	0.71% (Sep 2025)	0% (Nov 2024)	2.56 L	-4.26 L	Other	23.97
# ITC Limited	Diversified fmcg	0.66	755.6	0.22%	0.00%	1.24% (May 2025)	0.23% (Sep 2025)	18.69 L	0.00	Large Cap	61
# HDFC Asset Management Co. Ltd.	Asset management company	0.21	707.1	0.21%	0.00%	0.67% (Aug 2025)	0% (Nov 2024)	2.65 L	94.74 k	Large Cap	61
# Britannia Industries Ltd.	Packaged foods	0.19	645.5	0.19%	0.19%	0% (Dec 2025)	0% (Dec 2025)	1.10 L	1.10 L	Large Cap	61
# Tata Capital Ltd.	Non banking financial company (nbfc)	7.08	247.6	0.07%	0.00%	0.07% (Oct 2025)	0% (Nov 2024)	7.55 L	0.00	Other	23.97
# Asian Paints (india) Ltd.	Paints	0.04	133.3	0.04%	0.04%	0% (Dec 2025)	0% (Dec 2025)	46.39 k	46.39 k	Large Cap	61
# TVS Motor Company Ltd. - Preference Shares	2/3 wheelers	1.41	49	0.01%	0.00%	0% (Dec 2025)	0% (Dec 2025)	48.28 L	0.00	Other	23.97
Cipla Ltd.	Pharmaceuticals	3.98	1156	0.00%	-0.34%	-	-	-	-	Large Cap	61
Mankind Pharma Ltd.	Pharmaceuticals	3.98	840.2	0.00%	-0.25%	-	-	-	-	Other	23.97

- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# Britannia Industries Ltd.	Packaged foods	645.5	0.19%	0.19%	0% (Dec 2025)	0% (Dec 2025)	1.10 L	110421
# TML Commercial Vehicles Ltd.	Commercial vehicles	811.5	0.24%	0.24%	0% (Dec 2025)	0% (Dec 2025)	23.05 L	2305349
# Hindustan Aeronautics Ltd.	Aerospace & defense	1997	0.59%	0.59%	0.64% (Nov 2024)	0% (Nov 2024)	4.40 L	439641
# Shriram Finance Ltd.	Non banking financial company (nbfc)	3224.7	0.95%	0.95%	0% (Dec 2025)	0% (Dec 2025)	37.86 L	3786427
# Asian Paints (india) Ltd.	Paints	133.3	0.04%	0.04%	0% (Dec 2025)	0% (Dec 2025)	46.39 k	46386

Stocks removed from Portfolio (in 1 month period ending 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Cipla Ltd.	Pharmaceuticals	1156	0.00%	-0.34%	1.73% (Dec 2024)	0.34% (Oct 2025)	0.00	-770000
Mankind Pharma Ltd.	Pharmaceuticals	840.2	0.00%	-0.25%	0.82% (Dec 2024)	0.25% (Oct 2025)	0.00	-352431

Trend in stock holdings (Top 15 Holding)

Stock	Nov 2025	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024
HDFC Bank Ltd.	9.59%	9.47%	9.36%	9.37%	9.81%	9.57%	9.02%	9.08%	9.69%	9.94%	9.41%	9.45%	9.60%
ICICI Bank Ltd.	8.11%	7.59%	8.40%	8.72%	9.25%	8.33%	8.57%	8.81%	8.82%	8.35%	8.41%	8.51%	8.72%
Bharti Airtel Ltd.	5.94%	5.84%	5.23%	5.26%	5.07%	5.68%	5.47%	5.53%	5.59%	5.05%	5.14%	4.89%	5.32%
Infosys Ltd.	5.27%	4.76%	5.06%	4.89%	4.96%	4.19%	3.81%	3.52%	4.35%	6.20%	6.54%	6.08%	5.24%
Reliance Industries Ltd.	7.18%	6.76%	6.15%	6.12%	6.20%	6.80%	6.09%	5.11%	2.94%	2.94%	2.68%	2.83%	2.97%
Bajaj Finance Ltd.	4.82%	5.09%	5.39%	4.68%	4.73%	4.98%	4.83%	4.57%	5.08%	4.87%	4.21%	3.47%	3.60%
Larsen & Toubro Ltd.	4.63%	4.57%	4.07%	3.69%	3.68%	3.78%	3.64%	2.81%	3.43%	3.29%	3.31%	3.16%	2.90%
Mahindra & Mahindra Ltd.	3.57%	3.35%	3.38%	3.56%	3.30%	3.28%	2.96%	2.92%	2.73%	2.81%	3.49%	3.42%	3.33%
State Bank Of India	4.14%	3.99%	3.38%	2.94%	2.70%	3.06%	2.77%	3.14%	2.56%	2.42%	2.57%	2.57%	2.39%
Eternal Ltd.	2.95%	3.14%	3.94%	3.85%	3.72%	2.55%	1.62%	1.53%	3.02%	-	-	-	-
Zomato Ltd.	-	-	-	-	-	-	-	-	-	2.17%	2.03%	3.13%	3.11%
InterGlobe Aviation Ltd.	3.08%	2.96%	3.02%	2.95%	3.02%	2.63%	2.29%	2.42%	2.43%	1.86%	1.70%	3.12%	2.96%
Ultratech Cement Ltd.	2.81%	2.98%	3.02%	3.13%	2.99%	2.44%	2.33%	2.36%	2.26%	2.11%	2.16%	1.97%	1.91%
Kotak Mahindra Bank Ltd.	2.80%	2.79%	1.68%	1.58%	1.58%	2.10%	2.30%	2.92%	2.89%	2.28%	2.05%	1.44%	1.41%
Sun Pharmaceutical Industries Ltd.	1.13%	1.05%	1.02%	1.15%	1.46%	1.69%	1.78%	2.86%	3.01%	2.93%	3.04%	3.13%	2.91%