Axis Small Cap Fund Direct Growth is a small cap equity mutual fund scheme from Axis Mutual Fund. It was launched on November 11, 2013. Axis Small Cap Fund Direct Growth has a good track record of performance. The fund has generated an annualized return of 27.84% since inception, compared to 21.47% for its benchmark.
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The Axis Small Cap Fund Direct-Growth is a mutual fund scheme specializing in Small Cap investments offered by Axis Mutual Fund. It has been operational for nearly a decade, having been introduced on November 11, 2013. As of September 30, 2023, the fund manages assets worth ₹15,847 Crores, positioning it as a medium-sized fund within its category. Notably, it maintains a lower expense ratio of 0.55% in comparison to the majority of other Small Cap funds.
Over the past year, the Axis Small Cap Fund Direct-Growth has demonstrated impressive returns of 23.91%. Since its inception, it has maintained an average annual return rate of 24.76%.
Axis Small Cap Fund Direct-Growth demonstrates consistent performance in line with its category, with average loss control in downturns.
The fund's major allocations are in Healthcare, Financials, Chemicals, Capital Goods, and Technology sectors.
It maintains lower exposure in Healthcare and Financials compared to its category peers.
The top five holdings of the fund are Narayana Hrudayalaya Ltd., KPIT Technologies Ltd., Tube Investments Of India Ltd., Krishna Institute of Medical Sciences Ltd., and Brigade Enterprises Ltd.
|Fund House||Axis Mutual Fund|
|Date of Incorporation||Nov 11, 2013|
|Total AUM||₹15,847 Crs|
|Fund Benchmark||NIFTY Smallcap 250 TRI|
|NAV of the Fund||₹88.51|
|Minimum SIP Amount||₹100|
|Returns since inception||24.78%|
|Risk Level||Very High|
|Investment Objective||The scheme seeks to generate long-term capital appreciation from a diversified portfolio of predominantly equity & equity related instruments of small cap companies.|
|Top Fund Managers||Shreyash Devalkar
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
|As on 8th October 2023||1 Year||3 Years||5 Years||10 Years|
|Narayana Hrudayalaya Ltd.||4.43%|
|Cholamandalam Financial Holdings Ltd.||3.32%|
|Krishna Institute of Medical Sciences Ltd||3.06%|
|Brigade Enterprises Ltd.||2.97%|
|Galaxy Surfactants Ltd.||2.89%|
|CCL Products (India) Ltd.||2.77%|
|Fine Organic Industries Ltd.||2.62%|
|Can Fin Homes Ltd.||2.49%|
|Blue Star Ltd.||2.38%|
|Metals & Mining||6.40%|
|Exit Load||Exit load of 1% for investments (10% if redeemed within 1 year)|
|Stamp Duty||0.005% (from July 1st, 2020)|
If you withdraw your investment within the first year, you will be subject to a 15% tax on the returns. However, if you hold onto your investment for over a year, any returns exceeding Rs 1 lakh in a financial year will be subject to a Long-Term Capital Gains (LTCG) tax of 10%.
*All savings are provided by the insurer as per the IRDAI approved insurance
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
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