Axis Multi Asset Allocation Fund Direct Growth

Axis Multi Asset Allocation Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Hardik Shah, Aditya Pagaria, Devang Shah, Ashish Naik. This fund gives you the benefit of diversification.

1. Axis Multi Asset Allocation Fund Direct Growth has ₹1436 Cr worth of assets under management (AUM) as on May 2025 and is less than category average.
2. The fund has an expense ratio 1.1.
   

Axis Multi Asset Allocation Fund Direct Growth has given a CAGR return of 10.87% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.16%, 15.74% and 16.57% respectively.

Axis Multi Asset Allocation Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Government, Corporate, Consumer Cyclical, Industrial, Basic Materials, Tech, Health, Energy, Consumer Defensive, Communication, Utilities, Real Estate.

As it is a multi asset allocation mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

The Scheme seeks to generate long term capital appreciation by investing in a diversified portfolio of equity and equity related instruments, fixed income instruments & gold Exchange Traded Funds.

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Axis Multi Asset Allocation Fund Direct Growth has no lock in period.