Axis Children's Lock in Fund Direct Growth

Axis Children's Lock in Fund Direct Growth

Hybrid

Direct

Children

NAV as on 23-12-2024

₹ 28.49

-1.2%

1D

Inception Returns

12.3%

/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 Devang Shah, Hardik Shah. This fund gives you the benefit of diversification.

Key Parameters

  1. Axis Children's Lock in Fund Direct Growth has ₹897 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
  2. The fund has an expense ratio 1.3.

Returns

Axis Children's Lock in Fund Direct Growth has given a CAGR return of 12.29% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 17.89%, 8.87% and 13.22% 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 benefit
Gains 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

Annualised

zero opening, trading, fund transfer fee
17 people have invested ₹ 55.5K in Axis Children's Lock in Fund Direct Growth in the last three months

Axis Children's Lock in Fund Direct Growth Overview

Expense ratio1.26%
Benchmark
IISL Nifty 50 TR INR
AUM₹897 Cr
Inception Date8 December, 2015
Min Lumpsum/SIP₹5000/₹1000
Exit Load
3.0%
Lock In5 Years
TurnOver
79.77%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (23-Dec-24)

Period
Axis Children's Lock in Fund Direct Growth
Hybrid Equity Index
1M
1.4%
-
3M
-4.3%
-
6M
5.4%
-
1Y
17.9%
-
3Y
8.9%
-
5Y
13.2%
-

Fund Distribution

as on (30-Nov-24)

  • Equity 72.4%

  • Debt & Cash 27.6%

Large cap
49.3%

Small cap
13.9%

Mid cap
8.4%

Sector Allocation

Nov'24

Oct'24

Sep'24

Financial Services
31.9%
Consumer Cyclical
12.9%
Health
12.1%
Industrial
10.3%
Tech
10%
Basic Materials
7.4%
Energy
7.2%
Real Estate
3.3%
Communication
2.3%
Consumer Defensive
1.6%
Utilities
1%
All changes are between Oct'69 and Dec'69
Parameters
Nov'24
Oct'24
Sep'24
AUM
₹ 897.2 Cr
₹ 934.9 Cr
₹ 934.9 Cr
  • AUM of the fund stands at 897.2 Cr as of Nov'24
  • AUM decreased by 37.7 Cr between Nov'24 and Oct'24

Top 3 Sectors in November were Government, Financial Services & Corporate

Nov'24
Government
65%
Financial Services
32%
Corporate
20%
Oct'24
Government
67%
Financial Services
30%
Corporate
24%
Fund
Nov'24
Oct'24
Sep'24
No of Holdings
92
89
89
Top 5 Company Concentration
20.1%
20.1%
20.1%
Company having highest exposure
ICICI Bank Ltd (5.2%)
ICICI Bank Ltd (5%)
ICICI Bank Ltd (5%)
No of Sectors
13
13
13
Top 5 Sectors Concentration
142.5%
144.3%
145.8%
Sector having highest exposure
Government (65.4%)
Government (64.2%)
Government (67.3%)
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Devang Shah
Devang Shah
Fund Manager of Axis Children's Lock in Fund Direct Growth, since 5 April 2024
Hardik Shah
Hardik Shah
Fund Manager of Axis Children's Lock in Fund Direct Growth, since 1 February 2023
Fund House
Axis Asset Management Company Limited
Total Schemes
Total AUM
₹3.21L Cr
as on 29-Nov-2024
Address
Axis Asset Management Company Ltd.,Axis House, 1st Floor, C-2, Wadia International Centre,,Pandurang Budhkar Marg, Worli,
Phone
+912243255161
Website
customerservice@axismf.com

Mutual Fund Insights

Insights icon
In the last 1 year, SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth has given 42.47% return, outperforming this fund by 24.58%.
Insights icon
Over the last 1 year, this fund has increased expense ratio by 43.2% moving from 0.88 to 1.26.
Insights icon
In the last 3 years, SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth has given 26.47% return, outperforming this fund by 17.59% per annum.
Insights icon
This fund has one of the lowest expense ratio in the category (children). Its expense ratio is 1.26% which is lower than the category average expense ratio of 1.48%.
Insights icon
In the last 5 years, HDFC Childrens Gift Fund Direct Plan has given 19.37% return, outperforming this fund by 6.15% per annum.

Axis Children's Lock in Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 12.29% since inception which is less than its category average return of 13.25%
Fund Allocations

Fund Allocations

This fund has an allocation of 72.36% in Equity, 24.5% in Debt and 3.14% in Cash related instruments
AUM size ₹897 Cr

AUM size ₹897 Cr

This fund has AUM of ₹897 Cr which is less than its category average of ₹ 1617 Cr
Expense Ratio 1.26%

Expense Ratio 1.26%

This fund has an expense ratio of 1.26% which is less than its category average expense ratio of 1.58%

Frequently Asked Questions for Axis Children's Lock in Fund Direct Growth

The current NAV of Axis Children's Lock in Fund Direct Growth is ₹28.49 as on 23-Dec-2024.
Existing (Absolute + CAGR) as on 23-Dec-2024.
Axis Children's Lock in Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.39%
1.39%
6 Month Returns
5.37%
5.37%
1 Year Returns
17.89%
17.89%
3 Years Returns
29.05%
8.87%
5 Years Returns
86.01%
13.22%
With INDmoney, the process of investing is very simple and involves zero commission.
  • 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.
1.26% as on November 2024
₹897 Cr as on November 2024
ICICI Bank Ltd(5.25%), HDFC Bank Ltd(5.08%), 7.3% Govt Stock 2053(4.6%), Infosys Ltd(4.12%), 7.25% Govt Stock 2063(3.98%) as on November 2024
Financial Services(23.1%), Government(18.07%), Consumer Cyclical(9.36%) as on November 2024
AAA
90.95
AA
6.81
A
2.24
Devang Shah, Hardik Shah are the fund managers of Axis Children's Lock in Fund Direct Growth
The Exit load of Axis Children's Lock in Fund Direct Growth is 3%