Axis Multi Asset Allocation Fund Direct Growth

Axis Multi Asset Allocation Fund Direct Growth

Hybrid

Direct

Multi Asset Allocation

NAV as on 21-11-2024

₹ 43.52

Inception Returns

10.9%

/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 R Sivakumar, Ashish Naik. This fund gives you the benefit of diversification.

Key Parameters

  1. Axis Multi Asset Allocation Fund Direct Growth has ₹1281 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 1.

Returns

Axis Multi Asset Allocation Fund Direct Growth has given a CAGR return of 10.93% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 22.48%, 7.44% and 13.89% respectively.

Holdings

Axis Multi Asset Allocation Fund Direct Growth has allocated its funds majorly in Government, Cash Equivalent, Corporate, Financial Services, Consumer Cyclical, Industrial, Basic Materials, Health, Tech, Consumer Defensive, Communication, Real Estate, Energy, Securitize, Utilities.

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 benefit
Gains 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

Annualised

zero opening, trading, fund transfer fee
1020 people have invested ₹ 21.7L in Axis Multi Asset Allocation Fund Direct Growth in the last three months

Axis Multi Asset Allocation Fund Direct Growth Overview

Expense ratio1.04%
Benchmark
IISL Nifty 50 TR INR
AUM₹1281 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
89.98%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (21-Nov-24)

Period
Axis Multi Asset Allocation Fund Direct Growth
Multi Asset Allocation Index
1M
-3.4%
-
3M
-2.1%
-
6M
6.6%
-
1Y
22.5%
-
3Y
7.4%
-
5Y
13.9%
-

Fund Distribution

as on (31-Oct-24)

  • Equity 64.1%

  • Debt & Cash 20.9%

Large cap
39.3%

Small cap
11.6%

Mid cap
10.3%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
22.8%
Consumer Cyclical
15.7%
Industrial
13.8%
Consumer Defensive
11.7%
Health
9.7%
Tech
8.4%
Basic Materials
8.3%
Energy
3.8%
Communication
2.9%
Real Estate
2.8%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 1.3K Cr
₹ 1.3K Cr
₹ 1.3K Cr
  • AUM of the fund stands at 1.3K 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

Oct'24
Government
25%
Financial Services
23%
Corporate
20%
Sep'24
Government
25%
Financial Services
23%
Corporate
20%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
85
85
83
Top 5 Company Concentration
15.3%
15.3%
16.2%
Company having highest exposure
ICICI Bank Ltd (4.2%)
ICICI Bank Ltd (4.2%)
ICICI Bank Ltd (4.1%)
No of Sectors
13
13
13
Top 5 Sectors Concentration
97.3%
97.3%
94.8%
Sector having highest exposure
Government (25.1%)
Government (25.1%)
Government (30.6%)
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R Sivakumar
R Sivakumar
Fund Manager of Axis Multi Asset Allocation Fund Direct Growth, since 14 September 2010
Ashish Naik
Ashish Naik
Fund Manager of Axis Multi Asset Allocation Fund Direct Growth, since 22 June 2016
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

Insights icon
In the last 3 years, Quant Multi Asset Fund Growth Option Direct Plan has given 21.39% return, outperforming this fund by 13.95% per annum.
Insights icon
This fund expense ratio is slightly on the lower side within the category (multi asset allocation). Its expense ratio is 1.04% which is lower than the category average expense ratio of 1.21%.
Insights icon
Over the last 1 month, this fund has experienced a 2.4% drop in AUM moving from 1.31K Cr to 1.28K Cr.
Insights icon
In the last 5 years, Quant Multi Asset Fund Growth Option Direct Plan has given 28.39% return, outperforming this fund by 14.49% per annum.
Insights icon
Over the last 6 months, this fund has decreased expense ratio by 22.4% moving from 1.34 to 1.04.
Insights icon
In the last 1 year, Quant Multi Asset Fund Growth Option Direct Plan has given 36.04% return, outperforming this fund by 13.55%.

Axis Multi Asset Allocation 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 10.93% since inception which is less than its category average return of 12.07%
Fund Allocations

Fund Allocations

This fund has an allocation of 64.13% in Equity, 15.89% in Debt and 4.96% in Cash related instruments
AUM size ₹1281 Cr

AUM size ₹1281 Cr

This fund has AUM of ₹1281 Cr which is less than its category average of ₹ 4010 Cr
Expense Ratio 1.04%

Expense Ratio 1.04%

This fund has an expense ratio of 1.04% which is less than its category average expense ratio of 1.24%

Frequently Asked Questions for Axis Multi Asset Allocation Fund Direct Growth

The current NAV of Axis Multi Asset Allocation Fund Direct Growth is ₹43.52 as on 21-Nov-2024.
Existing (Absolute + CAGR) as on 21-Nov-2024.
Axis Multi Asset Allocation Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-3.39%
-3.39%
6 Month Returns
6.6%
6.6%
1 Year Returns
22.48%
22.48%
3 Years Returns
24.03%
7.44%
5 Years Returns
91.64%
13.89%
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.
1.04% as on October 2024
₹1281 Cr as on October 2024
Axis Gold ETF(9.76%), Axis Silver ETF(5.55%), HDFC Bank Ltd(3.57%), ICICI Bank Ltd(3.55%), Infosys Ltd(2.79%) as on October 2024
Financial Services(16.31%), Government(15.61%), Cash Equivalent(10.16%) as on October 2024
AAA
86.58
AA
10.75
A
2.67
R Sivakumar, Ashish Naik are the fund managers of Axis Multi Asset Allocation Fund Direct Growth
The Exit load of Axis Multi Asset Allocation Fund Direct Growth is 1%