Axis Multi Asset Allocation Fund Direct Growth
Hybrid
Direct
Multi Asset Allocation
NAV as on 04-11-2024
₹ 44.2
Inception Returns
11.2%
/yr
About 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 Ashish Naik, R Sivakumar. This fund gives you the benefit of diversification.
Key Parameters
- Axis Multi Asset Allocation Fund Direct Growth has ₹1312 Cr worth of assets under management (AUM) as on Sep 2024 and is less than category average.
- The fund has an expense ratio 1.1.
Returns
Axis Multi Asset Allocation Fund Direct Growth has given a CAGR return of 11.20% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 28.08%, 9.09% and 14.24% respectively.
Holdings
Axis Multi Asset Allocation Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Government, Financial Services, Corporate, Consumer Cyclical, Industrial, Consumer Defensive, Health, Tech, Basic Materials, Energy, Communication, Real Estate, Securitize.
Taxation
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 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 Multi Asset Allocation Fund Direct Growth
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 and lockin period
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.
Historical NAV & Returns
Axis Multi Asset Allocation Fund Direct Growth Overview
| Expense ratio | 1.07% |
Benchmark | IISL Nifty 50 TR INR |
| AUM | ₹1312 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 89.98% |
| STCG | Selling within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Very High Risk |
Trailing Returns
as on (04-Nov-24)
Fund Distribution
as on (30-Sep-24)
- AUM of the fund stands at 1.3K Cr as of Sep'24
- AUM increased by 9.2 Cr between Sep'24 and Aug'24
Top 3 Sectors in September were Government, Financial Services & Corporate
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Axis Gold ETF | 8.82% | 6.2% | |
 Axis Silver ETF | 4.74% | 7.9% | |
 ICICI Bank Ltd | 4.21% | 0% | |
 Infosys Ltd | 3.62% | 0% | |
 HDFC Bank Ltd | 3.3% | -10.7% |
Mutual Fund Insights
Axis Multi Asset Allocation Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹1312 Cr
Expense Ratio 1.07%
Frequently Asked Questions for Axis Multi Asset Allocation Fund Direct Growth
Axis Multi Asset Allocation Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -2.46% | -2.46% |
6 Month Returns | 11.25% | 11.25% |
1 Year Returns | 28.08% | 28.08% |
3 Years Returns | 29.83% | 9.09% |
5 Years Returns | 94.55% | 14.24% |
- 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 | 80.89 |
AA | 15.31 |
A | 3.8 |