Axis Quant Fund Direct Growth
Equity
Direct
Equity - Other
NAV as on 22-11-2024
₹ 16.84
1D
Inception Returns
16.1%
/yr
About Axis Quant Fund Direct Growth
Axis Quant Fund Direct Growth is an equity fund. This fund was started on 1 July, 2021. The fund is managed by Ashish Naik. The fund could potentially beat inflation in the long-run.
Key Parameters
- Axis Quant Fund Direct Growth has ₹1092 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 0.7.
Returns
Axis Quant Fund Direct Growth has given a CAGR return of 16.11% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 22.24% and 13.44% respectively.
Holdings
Axis Quant Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Consumer Defensive, Health, Tech, Communication, Industrial, Basic Materials, Energy, Utilities. Its top holdings are ICICI Bank Ltd, Bharti Airtel Ltd, HCL Technologies Ltd, Bajaj Auto Ltd, Lupin 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 Quant Fund Direct Growth
To generate long-term capital appreciation by investing primarily in equity and equity related instruments selected based on a quantitative model. 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 100.00 and for SIP is INR 100.00. Axis Quant Fund Direct Growth has no lock in period.
Historical NAV & Returns
Axis Quant Fund Direct Growth Overview
| Expense ratio | 0.65% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹1092 Cr |
| Inception Date | 1 July, 2021 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 141.17% |
| 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 (22-Nov-24)
Fund Distribution
as on (31-Oct-24)
- This fund’s returns stands at -6.35% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 0.17% in Oct'24
- AUM of the fund stands at 1.2K Cr as of Oct'24
- AUM has remained same between Oct'24 and Sep'24
Top 3 Sectors in October were Financial Services, Consumer Cyclical & Consumer Defensive
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 9.76% | -4.3% | |
 Bharti Airtel Ltd | 5.21% | 49.9% | |
 HCL Technologies Ltd | 4.06% | 136.6% | |
 Bajaj Auto Ltd | 3.77% | -11.3% | |
 Lupin Ltd | 3.62% | 0% |
Top Growth Drivers | 1M Return |
|---|---|
 Prudent Corporate Advisory Services Ltd | 11.6% |
 UTI Asset Management Company Ltd | 0.6% |
Axis Quant Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹1092 Cr
Expense Ratio 0.65%
Frequently Asked Questions for Axis Quant Fund Direct Growth
Axis Quant Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -7.47% | -7.47% |
6 Month Returns | 0.79% | 0.79% |
1 Year Returns | 22.24% | 22.24% |
3 Years Returns | 46% | 13.44% |
5 Years Returns | 0% | 0% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Axis Quant Fund Direct Growth | 1.43 | 1.74 | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Axis Quant Fund Direct Growth | 0.96 | 0.92 | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Axis Quant Fund Direct Growth | 1.85 | 0.75 | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Axis Quant Fund Direct Growth | 13.37 | 13.29 | - |