Axis Children's Lock in Fund Direct Growth
Hybrid
Direct
Children
NAV as on 19-11-2024
₹ 28.11
▲0.5%
1D
Inception Returns
12.2%
/yr
About Axis Children's Lock in Fund Direct Growth
Axis Children's Lock in Fund Direct Growth is a hybrid fund. This fund was started on 8 December, 2015. The fund is managed by R Sivakumar, Ashish Naik, Hardik Shah. This fund gives you the benefit of diversification.
Key Parameters
- Axis Children's Lock in Fund Direct Growth has ₹897 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 1.3.
Returns
Axis Children's Lock in Fund Direct Growth has given a CAGR return of 12.24% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 20.97%, 7.07% and 13.29% respectively.
Holdings
Axis Children's Lock in Fund Direct Growth has allocated its funds majorly in Government, Financial Services, Corporate, Cash Equivalent, Consumer Cyclical, Health, Industrial, Tech, Basic Materials, Energy, Real Estate, Communication, Consumer Defensive, Utilities.
Taxation
As it is a children 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 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
Investment objective of Axis Children's Lock in Fund Direct Growth
The investment objective of the scheme is to generate income by investing in debt & money market instruments along with long-term capital appreciation through investments in equity & equity related instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. There is a lock in period for Axis Children's Lock in Fund Direct Growth of 5 Years
Historical NAV & Returns
Axis Children's Lock in Fund Direct Growth Overview
| Expense ratio | 1.28% |
Benchmark | IISL Nifty 50 TR INR |
| AUM | ₹897 Cr |
| Inception Date | 8 December, 2015 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 3.0% |
| Lock In | 5 Years |
TurnOver | 79.77% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (19-Nov-24)
Fund Distribution
as on (31-Oct-24)
- AUM of the fund stands at 934.9 Cr as of Oct'24
- AUM has remained same between Oct'24 and Sep'24
Top 3 Sectors in October were Government, Financial Services & Corporate
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 5.24% | 0% | |
 HDFC Bank Ltd | 4.93% | 2.2% | |
 Infosys Ltd | 3.91% | 0% | |
 Reliance Industries Ltd | 3.51% | 0% | |
 Mahindra & Mahindra Ltd | 2.56% | 0% |
Mutual Fund Insights
Axis Children's Lock in Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹897 Cr
Expense Ratio 1.28%
Frequently Asked Questions for Axis Children's Lock in Fund Direct Growth
Axis Children's Lock in Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -3.38% | -3.38% |
6 Month Returns | 10.33% | 10.33% |
1 Year Returns | 20.97% | 20.97% |
3 Years Returns | 22.76% | 7.07% |
5 Years Returns | 86.63% | 13.29% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 91.04 |
AA | 6.74 |
A | 2.22 |