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

Portfolio Turnover Ratio : 83.00%. Category average turnover ratio is 252.20%. Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)

Equity Holding : 91.69% | F&O Holdings : 2.63%| Foreign Equity Holdings : 0.00%| Total : 94.32%

No of Stocks : 54 (Category Avg - 53.45) | Large Cap Investments : 57.52%| Mid Cap Investments : 9.28% | Small Cap Investments : 1.31% | Other : 26.23%

Portfolio Summary (as on 31st Jan,2026)

Particulars	This Scheme	Category
No. of Stocks	54	50.61
Top 5 Stock Weight	34.52%	32.42%
Top 10 Stock Weight	53.74%	50.29%
Top 3 Sector Weight	35.38%	37.9%

Category - Large Cap Fund

Particulars	This Scheme	Category
Average mcap (Cr)	161965.39	144758.73
Holdings in large cap stocks	57.52%	59.96%
Holdings in mid cap stocks	9.28%	7.73%
Holdings in small cap stocks	1.31%	2.21%

Category - Large Cap Fund

Top 10 Stocks holding in Portfolio (as on 31st Jan,2026)

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	28499.7	8.79%	-0.79%	9.94% (Feb 2025)	8.79% (Jan 2026)	3.07 Cr	-0.18 Cr
ICICI Bank Ltd.	Private sector bank	26961.6	8.32%	0.35%	9.25% (Jul 2025)	7.59% (Oct 2025)	1.99 Cr	0.00
Reliance Industries Ltd.	Refineries & marketing	21315	6.57%	-1.28%	7.85% (Dec 2025)	2.94% (Feb 2025)	1.53 Cr	-0.15 Cr
Infosys Ltd.	Computers - software & consulting	18432.1	5.69%	0.28%	6.2% (Feb 2025)	3.52% (Apr 2025)	1.12 Cr	0.00
Larsen & Toubro Ltd.	Civil construction	16685.7	5.15%	0.03%	5.15% (Jan 2026)	2.81% (Apr 2025)	42.43 L	40.50 k
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	15655.1	4.83%	-0.36%	5.94% (Nov 2025)	4.83% (Jan 2026)	79.52 L	-3.24 L
State Bank Of India	Public sector bank	13628.1	4.20%	0.40%	4.2% (Jan 2026)	2.42% (Feb 2025)	1.27 Cr	-3.30 L
Bajaj Finance Ltd.	Non banking financial company (nbfc)	12144.5	3.75%	-0.09%	5.39% (Sep 2025)	3.75% (Jan 2026)	1.31 Cr	0.00
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	11382.3	3.51%	-0.06%	3.58% (Dec 2025)	2.73% (Mar 2025)	33.17 L	82.26 k
Kotak Mahindra Bank Ltd.	Private sector bank	9500.5	2.93%	-0.12%	3.05% (Dec 2025)	1.58% (Jul 2025)	2.33 Cr	2.33 Cr

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

View complete holding

Complete equity Portfolio (as on 31st Jan,2026)

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M-Cap

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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	20.09	28499.7	8.79%	-0.79%	9.94% (Feb 2025)	8.79% (Jan 2026)	3.07 Cr	-0.18 Cr	Other	26.23
ICICI Bank Ltd.	Private sector bank	20.09	26961.6	8.32%	0.35%	9.25% (Jul 2025)	7.59% (Oct 2025)	1.99 Cr	0.00	Large Cap	57.52
Reliance Industries Ltd.	Refineries & marketing	6.57	21315	6.57%	-1.28%	7.85% (Dec 2025)	2.94% (Feb 2025)	1.53 Cr	-0.15 Cr	Large Cap	57.52
Infosys Ltd.	Computers - software & consulting	8.28	18432.1	5.69%	0.28%	6.2% (Feb 2025)	3.52% (Apr 2025)	1.12 Cr	0.00	Large Cap	57.52
Larsen & Toubro Ltd.	Civil construction	5.15	16685.7	5.15%	0.03%	5.15% (Jan 2026)	2.81% (Apr 2025)	42.43 L	40.50 k	Large Cap	57.52
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	4.83	15655.1	4.83%	-0.36%	5.94% (Nov 2025)	4.83% (Jan 2026)	79.52 L	-3.24 L	Large Cap	57.52
State Bank Of India	Public sector bank	4.2	13628.1	4.20%	0.40%	4.2% (Jan 2026)	2.42% (Feb 2025)	1.27 Cr	-3.30 L	Large Cap	57.52
Bajaj Finance Ltd.	Non banking financial company (nbfc)	7.01	12144.5	3.75%	-0.09%	5.39% (Sep 2025)	3.75% (Jan 2026)	1.31 Cr	0.00	Other	26.23
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	4.87	11382.3	3.51%	-0.06%	3.58% (Dec 2025)	2.73% (Mar 2025)	33.17 L	82.26 k	Large Cap	57.52
Kotak Mahindra Bank Ltd.	Private sector bank	20.09	9500.5	2.93%	-0.12%	3.05% (Dec 2025)	1.58% (Jul 2025)	2.33 Cr	2.33 Cr	Other	26.23
Nifty 50 : Futures Near	Exchange and data platform	2.63	8536.2	2.63%	2.63%	4.78% (Apr 2025)	0% (Feb 2025)	3.36 L	3.36 L	Large Cap	57.52
Ultratech Cement Ltd.	Cement & cement products	2.51	8138.7	2.51%	0.26%	3.13% (Aug 2025)	2.11% (Feb 2025)	6.41 L	0.00	Large Cap	57.52
Eternal Ltd.	E-retail/ e-commerce	2.28	7394.8	2.28%	-0.59%	3.94% (Sep 2025)	1.51% (Mar 2025)	2.70 Cr	-0.76 Cr	Other	26.23
Apollo Hospitals Enterprises Ltd.	Hospital	2.11	6841	2.11%	0.05%	2.24% (Oct 2025)	0.92% (Feb 2025)	9.83 L	0.00	Mid Cap	9.28
Titan Company Ltd.	Gems, jewellery and watches	1.93	6255.6	1.93%	-0.09%	2.15% (Aug 2025)	1.14% (Mar 2025)	15.73 L	-0.97 L	Large Cap	57.52
Shriram Finance Ltd.	Non banking financial company (nbfc)	7.01	6181	1.91%	0.16%	1.91% (Jan 2026)	0% (Feb 2025)	60.60 L	1.67 L	Other	26.23
Bharat Electronics Ltd.	Aerospace & defense	2.49	6038.8	1.86%	0.09%	2.13% (Oct 2025)	0.45% (Feb 2025)	1.34 Cr	-0.15 Cr	Mid Cap	9.28
Tech Mahindra Ltd.	Computers - software & consulting	8.28	4811.6	1.48%	0.18%	1.48% (Jan 2026)	0.22% (Mar 2025)	27.60 L	0.00	Large Cap	57.52
InterGlobe Aviation Ltd.	Airline	1.36	4413.5	1.36%	-0.09%	3.08% (Nov 2025)	1.36% (Jan 2026)	9.60 L	0.00	Large Cap	57.52
TML Commercial Vehicles Ltd.	Commercial vehicles	1.36	4405.4	1.36%	0.29%	1.36% (Jan 2026)	0% (Feb 2025)	96.08 L	10.08 L	Other	26.23
- Pidilite Industries Ltd.	Specialty chemicals	1.35	4363.1	1.35%	0.00%	2.03% (May 2025)	1.32% (Nov 2025)	30.49 L	0.00	Large Cap	57.52
Divis Laboratories Ltd.	Pharmaceuticals	3.62	4203.3	1.30%	-0.53%	1.89% (Oct 2025)	0.58% (Apr 2025)	6.95 L	-2.63 L	Large Cap	57.52
Cholamandalam Investment & Finance Co. Ltd.	Non banking financial company (nbfc)	7.01	4120.3	1.27%	0.04%	1.65% (May 2025)	1.22% (Jul 2025)	25.25 L	96.94 k	Other	26.23
Torrent Pharmaceuticals Ltd.	Pharmaceuticals	3.62	3821.2	1.18%	0.13%	1.18% (Jan 2026)	0% (Feb 2025)	9.65 L	53.35 k	Mid Cap	9.28
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	3.62	3707.6	1.14%	0.06%	3.01% (Mar 2025)	1.02% (Sep 2025)	23.24 L	2.17 L	Large Cap	57.52
Tata Consultancy Services Ltd.	Computers - software & consulting	8.28	3609.9	1.11%	0.01%	3.22% (Feb 2025)	0.47% (Sep 2025)	11.56 L	0.00	Large Cap	57.52
Indian Hotels Company Limited	Hotels & resorts	1.01	3290.6	1.01%	-0.10%	1.92% (Aug 2025)	1.01% (Jan 2026)	48.81 L	-1.94 L	Mid Cap	9.28
TVS Motor Company Ltd.	2/3 wheelers	1.6	3065.3	0.95%	0.02%	1.58% (Sep 2025)	0.81% (Jul 2025)	8.34 L	0.00	Mid Cap	9.28
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	4.87	2754.8	0.85%	-0.34%	1.26% (Oct 2025)	0.52% (Jul 2025)	1.89 L	-0.51 L	Large Cap	57.52
CG Power and Industrial Solutions Ltd.	Heavy electrical equipment	0.83	2694.5	0.83%	-0.06%	0.98% (Sep 2025)	0% (Feb 2025)	46.13 L	0.00	Small Cap	1.31
Tata Consumer Products Ltd.	Tea & coffee	0.82	2652.9	0.82%	-0.17%	0.99% (Dec 2025)	0.29% (Feb 2025)	23.40 L	-4.35 L	Mid Cap	9.28
Motherson Sumi Systems Ltd.	Auto components & equipments	0.79	2562.9	0.79%	-0.02%	0.81% (Dec 2025)	0.33% (Apr 2025)	2.27 Cr	0.00	Large Cap	57.52
Hindustan Aeronautics Ltd.	Aerospace & defense	2.49	2030.9	0.63%	0.05%	0.63% (Jan 2026)	0% (Feb 2025)	4.40 L	0.00	Other	26.23
Eicher Motors Ltd.	2/3 wheelers	1.6	2030.6	0.63%	0.05%	0.63% (Jan 2026)	0% (Feb 2025)	2.85 L	22.60 k	Other	26.23
National Thermal Power Corporation Ltd.	Power generation	0.61	1979.2	0.61%	0.06%	1.3% (Apr 2025)	0.55% (Dec 2025)	55.60 L	0.00	Large Cap	57.52
Trent Limited	Speciality retail	0.57	1850.9	0.57%	-0.05%	1.08% (Jun 2025)	0.57% (Jan 2026)	4.89 L	0.00	Mid Cap	9.28
HDFC Life Insurance Company Ltd.	Life insurance	0.88	1845	0.57%	0.01%	1.17% (Jun 2025)	0.56% (Dec 2025)	25.24 L	0.00	Large Cap	57.52
ICICI Prudential Asset Management Co. Ltd.	Investment company	0.56	1822.1	0.56%	0.08%	0.56% (Jan 2026)	0% (Feb 2025)	6.13 L	0.00	Other	26.23
Hyundai Motor India Ltd.	Passenger cars & utility vehicles	4.87	1654.7	0.51%	-0.01%	1.29% (Sep 2025)	0.09% (Apr 2025)	7.53 L	0.00	Other	26.23
Cummins India Ltd.	Compressors, pumps & diesel engines	0.51	1645.7	0.51%	-0.42%	1.04% (Oct 2025)	0% (Feb 2025)	4.00 L	-3.02 L	Mid Cap	9.28
Solar Industries India Ltd.	Explosives	0.48	1540	0.48%	0.06%	0.48% (Jan 2026)	0% (Feb 2025)	1.14 L	0.00	Small Cap	1.31
LG Electronics India Pvt. Ltd.	Consumer electronics	0.76	1506.7	0.46%	0.00%	0.51% (Oct 2025)	0% (Feb 2025)	10.30 L	0.00	Other	26.23
Hindustan Unilever Ltd.	Diversified fmcg	0.45	1453.1	0.45%	0.03%	0.78% (Sep 2025)	0% (Feb 2025)	6.12 L	0.00	Large Cap	57.52
Avenue Supermarts Ltd.	Diversified retail	0.43	1404	0.43%	-0.40%	2.17% (Apr 2025)	0.43% (Jan 2026)	3.81 L	-3.57 L	Large Cap	57.52
Varun Beverages Ltd.	Other beverages	0.41	1344.6	0.41%	0.10%	1.06% (Apr 2025)	0.24% (Sep 2025)	28.53 L	6.82 L	Other	26.23
Britannia Industries Ltd.	Packaged foods	0.38	1227.8	0.38%	0.18%	0.38% (Jan 2026)	0% (Feb 2025)	2.10 L	99.08 k	Large Cap	57.52
Info Edge (India) Ltd.	Internet & catalogue retail	0.33	1073.9	0.33%	-0.19%	1.73% (Feb 2025)	0.33% (Jan 2026)	8.60 L	-4.63 L	Other	26.23
- SBI Life Insurance Co Ltd.	Life insurance	0.88	1011.6	0.31%	0.01%	0.31% (Jan 2026)	0% (Feb 2025)	5.06 L	0.00	Large Cap	57.52
Dixon Technologies (India) Ltd.	Consumer electronics	0.76	972.7	0.30%	-0.04%	0.52% (Sep 2025)	0% (Feb 2025)	93.11 k	0.00	Other	26.23
- Tata Power Co. Ltd.	Integrated power utilities	0.27	864.7	0.27%	0.00%	0.31% (Jun 2025)	0% (Feb 2025)	23.61 L	0.00	Mid Cap	9.28
- Tata Capital Ltd.	Non banking financial company (nbfc)	7.01	258.4	0.08%	0.00%	0.08% (Jan 2026)	0% (Feb 2025)	7.55 L	0.00	Other	26.23
# Axis Bank Ltd.	Private sector bank	20.09	149.1	0.05%	0.05%	0.05% (Jan 2026)	0% (Feb 2025)	1.09 L	1.09 L	Large Cap	57.52
# TVS Motor Company Ltd. - Preference Shares	2/3 wheelers	1.6	49.4	0.02%	0.00%	0% (Feb 2026)	0% (Feb 2026)	48.28 L	0.00	Other	26.23
- Kwality Walls (India) Ltd.	Dairy products	0.01	24.6	0.01%	0.00%	0.01% (Jan 2026)	0% (Feb 2025)	6.12 L	0.00	Other	26.23
ITC Limited	Diversified fmcg	0.45	753.2	0.00%	-0.22%	-	-	-	-	Large Cap	57.52
Wipro Ltd.	Computers - software & consulting	8.28	650.3	0.00%	-0.19%	-	-	-	-	Large Cap	57.52
HCL Technologies Limited	Computers - software & consulting	8.28	1066.3	0.00%	-0.32%	-	-	-	-	Large Cap	57.52

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

New Stocks added in Portfolio (in 1 month period ending 31st Jan,2026)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# Axis Bank Ltd.	Private sector bank	149.1	0.05%	0.05%	0.05% (Jan 2026)	0% (Feb 2025)	1.09 L	108825
Nifty 50	Exchange and data platform	8536.2	2.63%	2.63%	4.78% (Apr 2025)	0% (Feb 2025)	3.36 L	335855

Stocks removed from Portfolio (in 1 month period ending 31st Jan,2026)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	1M Change in Qty
ITC Limited	Diversified fmcg	753.2	0.00%	-0.22%	1.24% (May 2025)	0% (Feb 2025)	-1869035
Wipro Ltd.	Computers - software & consulting	650.3	0.00%	-0.19%	0.19% (Dec 2025)	0% (Feb 2025)	-2478000
HCL Technologies Limited	Computers - software & consulting	1066.3	0.00%	-0.32%	0.5% (Jun 2025)	0% (Feb 2025)	-656881

Trend in stock holdings (Top 15 Holding)

Stock	Jan 2026	Dec 2025	Nov 2025	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025
HDFC Bank Ltd.	8.79%	9.58%	9.59%	9.47%	9.36%	9.37%	9.81%	9.57%	9.02%	9.08%	9.69%	9.94%	9.41%
ICICI Bank Ltd.	8.32%	7.96%	8.11%	7.59%	8.40%	8.72%	9.25%	8.33%	8.57%	8.81%	8.82%	8.35%	8.41%
Reliance Industries Ltd.	6.57%	7.85%	7.18%	6.76%	6.15%	6.12%	6.20%	6.80%	6.09%	5.11%	2.94%	2.94%	2.68%
Bharti Airtel Ltd.	4.83%	5.19%	5.94%	5.84%	5.23%	5.26%	5.07%	5.68%	5.47%	5.53%	5.59%	5.05%	5.14%
Infosys Ltd.	5.69%	5.41%	5.27%	4.76%	5.06%	4.89%	4.96%	4.19%	3.81%	3.52%	4.35%	6.20%	6.54%
Bajaj Finance Ltd.	3.75%	3.84%	4.82%	5.09%	5.39%	4.68%	4.73%	4.98%	4.83%	4.57%	5.08%	4.87%	4.21%
Larsen & Toubro Ltd.	5.15%	5.11%	4.63%	4.57%	4.07%	3.69%	3.68%	3.78%	3.64%	2.81%	3.43%	3.29%	3.31%
Mahindra & Mahindra Ltd.	3.51%	3.58%	3.57%	3.35%	3.38%	3.56%	3.30%	3.28%	2.96%	2.92%	2.73%	2.81%	3.49%
State Bank Of India	4.20%	3.80%	4.14%	3.99%	3.38%	2.94%	2.70%	3.06%	2.77%	3.14%	2.56%	2.42%	2.57%
Eternal Ltd.	2.28%	2.87%	2.95%	3.14%	3.94%	3.85%	3.72%	2.55%	1.62%	1.53%	3.02%	-	-
Zomato Ltd.	-	-	-	-	-	-	-	-	-	-	-	2.17%	2.03%
Ultratech Cement Ltd.	2.51%	2.25%	2.81%	2.98%	3.02%	3.13%	2.99%	2.44%	2.33%	2.36%	2.26%	2.11%	2.16%
InterGlobe Aviation Ltd.	1.36%	1.45%	3.08%	2.96%	3.02%	2.95%	3.02%	2.63%	2.29%	2.42%	2.43%	1.86%	1.70%
Kotak Mahindra Bank Ltd.	2.93%	3.05%	2.80%	2.79%	1.68%	1.58%	1.58%	2.10%	2.30%	2.92%	2.89%	2.28%	2.05%
Sun Pharmaceutical Industries Ltd.	1.14%	1.08%	1.13%	1.05%	1.02%	1.15%	1.46%	1.69%	1.78%	2.86%	3.01%	2.93%	3.04%