Axis India Manufacturing Fund Direct Growth
Equity
Direct
Equity - Other
NAV as on 10-01-2025
₹ 13.39
1D
Inception Returns
34.2%
/yr
About Axis India Manufacturing Fund Direct Growth
Axis India Manufacturing Fund Direct Growth is an equity fund. This fund was started on 21 December, 2023. The fund is managed by Shreyash Devalkar. The fund could potentially beat inflation in the long-run.
Key Parameters
- Axis India Manufacturing Fund Direct Growth has ₹6040 Cr worth of assets under management (AUM) as on Nov 2024 and is more than category average.
- The fund has an expense ratio 0.4.
Returns
Axis India Manufacturing Fund Direct Growth has given a CAGR return of 34.15% since inception. Over the last 1 year the fund has given a CAGR return of 32.33%.
Holdings
Axis India Manufacturing Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Consumer Cyclical, Health, Basic Materials, Energy, Tech, Consumer Defensive, Utilities, Real Estate. Its top holdings are Mahindra & Mahindra Ltd, Sun Pharmaceuticals Industries Ltd, Reliance Industries Ltd, Bharat Electronics Ltd, Tata Motors Ltd
Taxation
As it is a equity - other 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 India Manufacturing Fund Direct Growth
To provide long term capital appreciation by investing in equity and equity related securities of companies engaged in manufacturing theme. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. Axis India Manufacturing Fund Direct Growth has no lock in period.
Historical NAV & Returns
Absolute
▲
▼
3627 people have invested ₹ 1.5Cr in Axis India Manufacturing Fund Direct Growth in the last three months
Axis India Manufacturing Fund Direct Growth Overview
| Expense ratio | 0.41% |
Benchmark | Nifty India Manufacturing TR INR |
| AUM | ₹6040 Cr |
| Inception Date | 21 December, 2023 |
| Min Lumpsum/SIP | ₹500/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 6.2% |
| STCG | Selling mutual fund 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 (10-Jan-25)
Fund Distribution
as on (30-Nov-24)
Large cap
52.2%
Mid cap
19.8%
Small cap
17.1%
Sector Allocation
Industrial
29.1%
Consumer Cyclical
25%
Health
18.3%
Basic Materials
13.1%
Energy
7.5%
Tech
2.8%
Consumer Defensive
2%
Real Estate
1.2%
Utilities
1%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at -0.29% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 0.31% in Nov'24
- AUM of the fund stands at 6K Cr as of Nov'24
- AUM decreased by 477.9 Cr between Nov'24 and Oct'24
Top Stocks bought last month
Bharat Electronics Ltd's allocation increased from 2.03% to 2.87%
Premier Energies Ltd's allocation increased from 0.22% to 0.86%
Larsen & Toubro Ltd's allocation increased from 1.72% to 2.19%
Top Stocks sold last month
Sun Pharmaceuticals Industries Ltd's allocation decreased from 5.41 % to 5.4 %
Reliance Industries Ltd's allocation decreased from 3.91 % to 3.69 %
Tata Motors Ltd's allocation decreased from 3.6 % to 2.95 %
Small Cap allocation has gone down from 16.8% to 16.4%
Mid Cap allocation has gone down from 23.9% to 20.3%
Large Cap allocation has gone down from 55.8% to 52.7%
Cash allocation has gone up from 2.8% to 8.2%
Top 3 Sectors in November were Consumer Cyclical, Industrial & Health
Nov'24
Industrial
29%
Consumer Cyclical
25%
Health
18%
Oct'24
Consumer Cyclical
29%
Industrial
25%
Health
17%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Kaynes Technology India Ltd | 10.7% |
 GE Vernova T&D India Ltd | 2.5% |
 Sun Pharmaceuticals Industries Ltd | 1.7% |
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Shreyash Devalkar
Fund Manager of Axis India Manufacturing Fund Direct Growth, since 21 December 2023
Top funds managed
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
Axis India Manufacturing 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 34.15% since inception which is more than its category average return of 14.63%
Fund Allocations
This fund has an allocation of 92.64% in Equity, 0% in Debt and 7.36% in Cash related instruments
AUM size ₹6040 Cr
This fund has AUM of ₹6040 Cr which is more than its category average of ₹ 2150 Cr
Expense Ratio 0.41%
This fund has an expense ratio of 0.41% which is less than its category average expense ratio of 1.17%
Frequently Asked Questions for Axis India Manufacturing Fund Direct Growth
The current NAV of Axis India Manufacturing Fund Direct Growth is ₹13.39 as on 10-Jan-2025.
Existing (Absolute + CAGR) as on 10-Jan-2025.
Axis India Manufacturing Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -3.74% | -3.74% |
6 Month Returns | -5.35% | -5.35% |
1 Year Returns | 32.33% | 32.33% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
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.
0.41% as on December 2024
₹6040 Cr as on December 2024
Mahindra & Mahindra Ltd(6.64%), Sun Pharmaceuticals Industries Ltd(5.8%), Reliance Industries Ltd(3.52%), Bharat Electronics Ltd(2.77%), Tata Motors Ltd(2.62%) as on December 2024
Industrial(27.09%), Consumer Cyclical(21.08%), Health(18.04%) as on December 2024
The alpha ratio for the Axis India Manufacturing Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Axis India Manufacturing Fund Direct Growth | - | - | - |
As on December 2024
The alpha for Axis India Manufacturing Fund Direct Growth is calculated against Nifty India Manufacturing 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 India Manufacturing Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Axis India Manufacturing Fund Direct Growth | - | - | - |
As on December 2024
The Beta for Axis India Manufacturing Fund Direct Growth is calculated with Nifty India Manufacturing 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 India Manufacturing Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Axis India Manufacturing Fund Direct Growth | 1.76 | - | - |
As on December 2024
The sharpe ratio for Axis India Manufacturing Fund Direct Growth is calculated with Nifty India Manufacturing 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 India Manufacturing Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Axis India Manufacturing Fund Direct Growth | 14.15 | - | - |
As on December 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.
Shreyash Devalkar is the fund manager of Axis India Manufacturing Fund Direct Growth
The Exit load of Axis India Manufacturing Fund Direct Growth is 1%