COMPARE
Axis Large Cap Fund - Direct Plan - Growth vs Mahindra Manulife Large Cap Fund - Direct Plan -Growth
Axis Large Cap Fund and Mahindra Manulife Large Cap Fund are both in the Large Cap Fund category, from Axis Asset Management Co. Ltd. and Mahindra Manulife Investment Management Pvt Ltd respectively. Mahindra Manulife Large Cap Fund has posted a higher 3-year rolling CAGR. Axis Large Cap Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Axis Large Cap Fund has the lower direct-plan expense ratio, by 0.18 percentage points.
| Axis Large Cap Fund - Direct Plan - Growth | Mahindra Manulife Large Cap Fund - Direct Plan -Growth | |
|---|---|---|
| Category | Large Cap Fund | Large Cap Fund |
| AMC | Axis Asset Management Co. Ltd. | Mahindra Manulife Investment Management Pvt Ltd |
| Benchmark | BSE 100 TRI | Nifty 100 TRI |
| NAV | ₹66.32 (2026-09-30) | ₹23.848 (2026-09-30) |
| AUM | ₹30,366.496 Cr | ₹656.85 Cr |
| Expense Ratio (Direct) | 0.94% | 1.12% |
| Inception | 2009-11-11 | 2019-02-22 |
Returns
Mahindra Manulife Large Cap Fund leads on 3-year rolling CAGR (16.7% vs Axis Large Cap Fund's 13.7%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Mahindra Manulife Large Cap Fund has been the more volatile of the two by standard deviation.
| Axis Large Cap Fund - Direct Plan - Growth | Mahindra Manulife Large Cap Fund - Direct Plan -Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.10 | 0.03 |
| 3Y Alpha | 0.8239% | 0.1473% |
| 3Y Std Deviation | 12.3762% | 12.3994% |
| 3Y Calmar Ratio | 0.51 | 0.48 |
Portfolio Analytics
Axis Large Cap 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 Large Cap Fund - Direct Plan - Growth | Mahindra Manulife Large Cap Fund - Direct Plan -Growth | |
|---|---|---|
| P/E Ratio | 27.5903 | 24.9805 |
| P/B Ratio | 6.1699 | 3.54 |
| Dividend Yield | 0.9889% | 1.0748% |
| Active Share | 40.1% | 37.55% |
| Portfolio Turnover | 78% | 67% |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
Mahindra Manulife Large Cap Fund has the stronger Punji Quality grade of the two.
| Axis Large Cap Fund - Direct Plan - Growth | Mahindra Manulife Large Cap Fund - Direct Plan -Growth | |
|---|---|---|
| Quality Grade | D | C |
| Safety Grade | C | C |
| Compound Grade | C | C |
Frequently asked questions
Which has a higher 3-year return, Axis Large Cap Fund or Mahindra Manulife Large Cap Fund?
Mahindra Manulife Large Cap Fund's 3-year rolling CAGR of 16.7% is higher than Axis Large Cap Fund's 13.7%. Mahindra Manulife Large Cap Fund sits in the 93rd percentile of its category on this metric, versus the 23rd percentile for Axis Large Cap 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 Large Cap Fund or Mahindra Manulife Large Cap Fund?
Axis Large Cap Fund's direct-plan expense ratio is 0.18 percentage points lower than Mahindra Manulife Large Cap 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 Large Cap Fund or Mahindra Manulife Large Cap Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), Mahindra Manulife Large Cap Fund has been more volatile than Axis Large Cap 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 (0.10 for Axis Large Cap Fund vs 0.03 for Mahindra Manulife Large 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 Large Cap Fund or Mahindra Manulife Large Cap Fund?
Axis Large Cap Fund has ₹30,366 Cr in assets under management, versus ₹657 Cr for Mahindra Manulife Large Cap 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 Large Cap Fund or Mahindra Manulife Large Cap Fund?
Axis Large Cap Fund launched on 2009-11-11, making it older than Mahindra Manulife Large Cap Fund (launched 2019-02-22). 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.