COMPARE
Axis Business Cycles Fund - Direct Plan - Growth vs Edelweiss Large & Mid Cap Fund - Direct Plan - Growth Option
Axis Business Cycles Fund and Edelweiss Large & Mid Cap Fund are in different categories (Thematic Fund vs Large & Mid Cap Fund), from Axis Asset Management Co. Ltd. and Edelweiss Asset Management Limited respectively. Edelweiss Large & Mid Cap Fund has posted a higher 3-year rolling CAGR. Edelweiss Large & Mid Cap Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Edelweiss Large & Mid Cap Fund has the lower direct-plan expense ratio, by 0.94 percentage points.
| Axis Business Cycles Fund - Direct Plan - Growth | Edelweiss Large & Mid Cap Fund - Direct Plan - Growth Option | |
|---|---|---|
| Category | Thematic Fund | Large & Mid Cap Fund |
| AMC | Axis Asset Management Co. Ltd. | Edelweiss Asset Management Limited |
| Benchmark | Nifty 500 TRI | NIFTY LargeMidcap 250 TRI |
| NAV | ₹17.41 (2026-09-30) | ₹102.765 (2026-09-30) |
| AUM | ₹2,111.669 Cr | ₹4,719.103 Cr |
| Expense Ratio (Direct) | 1.62% | 0.68% |
| Inception | 2023-02-02 | 2007-04-19 |
Returns
Edelweiss Large & Mid Cap Fund leads on 3-year rolling CAGR (19.6% vs Axis Business Cycles Fund's 15.6%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Edelweiss Large & Mid Cap Fund has been the more volatile of the two by standard deviation.
| Axis Business Cycles Fund - Direct Plan - Growth | Edelweiss Large & Mid Cap Fund - Direct Plan - Growth Option | |
|---|---|---|
| 3Y Sharpe Ratio | 0.40 | 0.43 |
| 3Y Alpha | 2.932% | 1.4462% |
| 3Y Std Deviation | 14.3734% | 14.7139% |
| 3Y Calmar Ratio | 0.65 | 0.73 |
Portfolio Analytics
Axis Business Cycles Fund carries the higher portfolio P/E ratio (a rougher proxy for how richly the underlying holdings are valued) - see the table below for the full comparison.
| Axis Business Cycles Fund - Direct Plan - Growth | Edelweiss Large & Mid Cap Fund - Direct Plan - Growth Option | |
|---|---|---|
| P/E Ratio | 67.7716 | 28.5065 |
| P/B Ratio | - | 10.3717 |
| Dividend Yield | 0.448% | 0.9968% |
| Active Share | 92.02% | - |
| Portfolio Turnover | 112.99999999999999% | 23% |
| YTM | 5.25% | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
Edelweiss Large & Mid Cap Fund has the stronger Punji Quality grade of the two.
| Axis Business Cycles Fund - Direct Plan - Growth | Edelweiss Large & Mid Cap Fund - Direct Plan - Growth Option | |
|---|---|---|
| Quality Grade | D | B |
| Safety Grade | D | C |
| Compound Grade | D | A |
Frequently asked questions
Which has a higher 3-year return, Axis Business Cycles Fund or Edelweiss Large & Mid Cap Fund?
Edelweiss Large & Mid Cap Fund's 3-year rolling CAGR of 19.6% is higher than Axis Business Cycles Fund's 15.6%. Edelweiss Large & Mid Cap Fund sits in the 73rd percentile of its category on this metric, versus the 24th percentile for Axis Business Cycles Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, Axis Business Cycles Fund or Edelweiss Large & Mid Cap Fund?
Edelweiss Large & Mid Cap Fund's direct-plan expense ratio is 0.94 percentage points lower than Axis Business Cycles Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, Axis Business Cycles Fund or Edelweiss Large & Mid Cap Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), Edelweiss Large & Mid Cap Fund has been more volatile than Axis Business Cycles Fund over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (0.40 for Axis Business Cycles Fund vs 0.43 for Edelweiss Large & Mid Cap Fund) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, Axis Business Cycles Fund or Edelweiss Large & Mid Cap Fund?
Edelweiss Large & Mid Cap Fund has ₹4,719 Cr in assets under management, versus ₹2,112 Cr for Axis Business Cycles Fund. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, Axis Business Cycles Fund or Edelweiss Large & Mid Cap Fund?
Edelweiss Large & Mid Cap Fund launched on 2007-04-19, making it older than Axis Business Cycles Fund (launched 2023-02-02). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-01. Source: AMFI disclosures via Punji. Not investment advice.