Axis Flexi Cap Fund Direct Growth
Equity
Direct
Flexi Cap
NAV as on 19-11-2024
₹ 27.74
▲0.9%
1D
Inception Returns
15.7%
/yr
About Axis Flexi Cap Fund Direct Growth
Axis Flexi Cap Fund Direct Growth is an equity fund. This fund was started on 17 November, 2017. The fund is managed by Shreyash Devalkar. The fund could potentially beat inflation in the long-run.
Key Parameters
- Axis Flexi Cap Fund Direct Growth has ₹12666 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
- The fund has an expense ratio 0.7.
Returns
Axis Flexi Cap Fund Direct Growth has given a CAGR return of 15.68% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 29.32%, 9.43% and 16.51% respectively.
Holdings
Axis Flexi Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Health, Tech, Basic Materials, Real Estate, Communication, Consumer Defensive, Utilities. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Bajaj Finance Ltd, Trent Ltd, Bharti Airtel Ltd
Taxation
As it is a flexi cap mutual fund the taxation is as follows: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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Axis Flexi Cap Fund Direct Growth
To generate long term capital appreciation by investing in a dynamic mix of equity and equity related instruments across market capitalizations. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Axis Flexi Cap Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
5110 people have invested ₹ 2.6Cr in Axis Flexi Cap Fund Direct Growth in the last three months
INDmoney Rank for Axis Flexi Cap Fund Direct Growth
Powered by IND quant engine
16
/20
28% Performance
31% Risk Management
70% Cost
16 out of 20 among flexi cap
3Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y
Has not generated consistent returns
Poor track record of protecting capital in bear phase
5Y returns in the bottom 25% of the category
Axis Flexi Cap Fund Direct Growth Overview
| Expense ratio | 0.7% |
Benchmark | S&P BSE 500 India TR INR |
| AUM | ₹12666 Cr |
| Inception Date | 17 November, 2017 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 36.8% |
| 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)
Large cap
64.1%
Mid cap
17.8%
Small cap
13.9%
Sector Allocation
Financial Services
26.1%
Consumer Cyclical
20.7%
Industrial
14.9%
Health
7.3%
Tech
7%
Real Estate
5.6%
Basic Materials
5.5%
Consumer Defensive
4.8%
Communication
4.1%
Utilities
4%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -5.89% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 0.63% in Oct'24
- AUM of the fund stands at 13.5K Cr as of Oct'24
- AUM has remained same between Oct'24 and Sep'24
Top Stocks bought last month
Krishna Institute of Medical Sciences Ltd's allocation increased from 2.33% to 2.5%
Top Stocks sold last month
Varun Beverages Ltd's allocation decreased from 1.8 % to 1.77 %
Top 3 Sectors in October were Financial Services, Consumer Cyclical & Industrial
Oct'24
Financial Services
26%
Consumer Cyclical
21%
Industrial
15%
Sep'24
Financial Services
26%
Consumer Cyclical
21%
Industrial
15%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 8.26% | 0% | |
 HDFC Bank Ltd | 6.4% | 0% | |
 Bajaj Finance Ltd | 4.96% | 0% | |
 Trent Ltd | 4.53% | 0% | |
 Bharti Airtel Ltd | 4.18% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Rainbow Childrens Medicare Ltd | 13.1% |
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Shreyash Devalkar
Fund Manager of Axis Flexi Cap Fund Direct Growth, since 17 November 2017
Top funds managed
Fund House
Axis Asset Management Company Limited
Total Schemes
Total AUM
₹3.35L Cr
as on 31-Oct-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
In the last 3 years, JM Flexicap Fund (Direct) Growth Option has given 25.08% return, outperforming this fund by 15.65% per annum.
This fund expense ratio is slightly on the lower side within the category (flexi cap). Its expense ratio is 0.7% which is lower than the category average expense ratio of 1.16%.
In the last 1 year, Motilal Oswal Flexicap Fund Direct Plan Growth has given 46.25% return, outperforming this fund by 16.93%.
Over the last 6 months, this fund has experienced a 138.5% growth in AUM moving from 5.31K Cr to 12.66K Cr.
Over the last 6 months, this fund has decreased expense ratio by 2.8% moving from 0.72 to 0.70.
In the last 5 years, Quant Flexi Cap Fund Growth Option Direct Plan has given 32.32% return, outperforming this fund by 15.81% per annum.
Axis Flexi Cap Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 15.68% since inception which is less than its category average return of 18.73%
Fund Allocations
This fund has an allocation of 94.22% in Equity, 0% in Debt and 5.78% in Cash related instruments
AUM size ₹12666 Cr
This fund has AUM of ₹12666 Cr which is more than its category average of ₹ 8754 Cr
Expense Ratio 0.7%
This fund has an expense ratio of 0.7% which is less than its category average expense ratio of 1.34%
Frequently Asked Questions for Axis Flexi Cap Fund Direct Growth
The current NAV of Axis Flexi Cap Fund Direct Growth is ₹27.74 as on 19-Nov-2024.
Existing (Absolute + CAGR) as on 19-Nov-2024.
Axis Flexi Cap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -5.16% | -5.16% |
6 Month Returns | 8.36% | 8.36% |
1 Year Returns | 29.32% | 29.32% |
3 Years Returns | 31.03% | 9.43% |
5 Years Returns | 114.71% | 16.51% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
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- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.7% as on October 2024
₹12666 Cr as on October 2024
ICICI Bank Ltd(8.26%), HDFC Bank Ltd(6.4%), Bajaj Finance Ltd(4.96%), Trent Ltd(4.53%), Bharti Airtel Ltd(4.18%) as on October 2024
Financial Services(25.91%), Consumer Cyclical(18.09%), Industrial(14.57%) as on October 2024
The alpha ratio for the Axis Flexi Cap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Axis Flexi Cap Fund Direct Growth | 4.22 | -3.57 | -0.26 |
As on October 2024
The alpha for Axis Flexi Cap Fund Direct Growth is calculated against S&P BSE 500 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Axis Flexi Cap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Axis Flexi Cap Fund Direct Growth | 0.87 | 0.92 | 0.81 |
As on October 2024
The Beta for Axis Flexi Cap Fund Direct Growth is calculated with S&P BSE 500 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Axis Flexi Cap Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Axis Flexi Cap Fund Direct Growth | 2.16 | 0.4 | 0.72 |
As on October 2024
The sharpe ratio for Axis Flexi Cap Fund Direct Growth is calculated with S&P BSE 500 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Axis Flexi Cap Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Axis Flexi Cap Fund Direct Growth | 12.17 | 13.6 | 16.54 |
As on October 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 0.64 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Shreyash Devalkar is the fund manager of Axis Flexi Cap Fund Direct Growth
The Exit load of Axis Flexi Cap Fund Direct Growth is 1%