Axis Multicap Fund

The Axis Multicap Fund is an open-ended equity investment scheme. It is suitable for investors who are looking for stable wealth creation across diversified market instruments. The fund provides an option to invest in large, mid, and small-cap stocks with equal exposure in each category.

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Fund in Brief

The Axis Multicap Fund is a culmination of consistent investments across different segments. Investors aiming to gain long-term revenue with the least amount of volatility can invest in the fund. This fund is best suited for investors with high to moderate risk appetites. 

The fund employs a bottom-up approach while selecting stocks for investments. It focuses on each stock and its potential to multiply in time. The asset allocation is based on selecting the best in each sector. 

Capital gains from the fund are taxed in the following way:

  • If units are sold after 12 months of allocation, gains up to Rs. 1 lac are tax exempt. However, capital gains that are over Rs. 1 lac would be taxed at 10%.

  • If units are sold within 12 months of allocation, the entire capital gains amount would be taxed at 15%.

  • If the investor decides to retain their units, no tax would be applicable.

Axis Multicap Fund Facts

The Axis Multicap Fund is an equity scheme that invests in stocks of diversified market capitalizations. The following table shows some facts related to the Axis Multicap Fund:

Fund House

Axis Mutual Fund

Asset Management Company

Axis Asset Management Company Ltd

Trustee Company

Axis Mutual Fund Trustee Ltd

Fund Type

Open-Ended

Launch Date

November 20th, 2017

Benchmark

NIFTY 500 TRI

Risk Rating

Very High

CAGR since inception

17.41%

Assets (as of October 31st, 2021)

Rs 10,979 crores

Risk Grade

Low

Return Grade

Above Average

NAV (as of November 26th, 2021)

Rs 19.05

AUM (as of September 30th, 2021)

Rs 9970.29 crores

Entry Load

NA

Exit Load

If units are redeemed within 12 months of allotment:

  • For 10% investments: NA

  • For remaining investments: 1%

If units are redeemed after 12 months of allotment: NA

Minimum Application Amount

Rs 5,000

Investment Objective

The Axis Multicap Fund is an open-ended multi-cap equity investment scheme under the Axis Mutual Fund House. The fund's investment objective is to generate capital appreciation in the long term by investing in equity and equity-related instruments. The fund performs on the benchmark of the NIFTY 500 Total Return Index. 

The Axis Multicap Fund aims to achieve its investment objective by investing in stocks of undervalued companies that offer promising opportunities to generate maximum capital gains in the medium to long term. The fund has 96.11% of investment in Indian stocks. 

Of these total investments, the fund invests 66.75% in large-cap stocks, 6.99% in mid-cap stocks, and 5.97% in small-cap stocks.

Fund Summary

The Axis Multicap Fund has two types of schemes for its investors to choose from. 

Given below are the basic details about each fund scheme:

  • Axis Multicap Fund - Regular Plan: The Regular Plan is available for investors who purchase units through a distributor. The basic details about this plan are:

    • NAV (as of November 26th, 2021): Rs 19.05

    • Expense Ratio: 1.78%

    • CAGR since inception: 17.41%

  • Axis Multicap Fund- Direct Plan: This plan is meant for investors who are willing to purchase units directly with the scheme, without a distributor. The basic details about this plan are:

    • NAV (as of November 26th, 2021): Rs 20.22

    • Expense Ratio: 0.55%

    • CAGR since inception: 19.17%

Fund Return Summary

The following table shows the return summary of the Axis Multicap Fund - Regular Plan:

Period Invested For

Absolute Returns*

Annualized Returns*

1 week

-4.46%

-

1 month

-4.03%

-

3 month

3.99%

-

6 month

17.23%

-

YTD

24.84%

-

1 year

35.68%

35.68%

2 year

51.79%

23.17%

3 year

81.43%

21.94%

Since Inception

90.31%

17.41%

*Returns are subject to change. The investment risk in the investment portfolio is borne by the policyholder.

The following table shows the return summary of the Axis Multicap Fund - Direct Plan:

Period Invested For

Absolute Returns*

Annualized Returns*

1 week

-4.49%

-

1 month

-3.94%

-

3 month

4.28%

-

6 month

17.97%

-

YTD

26.22%

-

1 year

37.36%

37.36%

2 year

55.90%

24.82%

3 year

89.15%

23.65%

Since Inception

102.00%

19.17%

*Returns are subject to change. The investment risk in the investment portfolio is borne by the policyholder.

Pros and Cons

The following table shows the pros and cons of the Axis Multicap Fund:

Pros

Cons

The fund's 3 year annualized returns are higher than the category average by 11.08%.

The fund's 1 year annualized returns are lower than the category average by 6.34%.

The fund has a low expense ratio.

The fund has a higher AUM.

The fund charges no entry load.

The fund charges an exit load.

The fund has two plans for investors to choose from.

The fund's risk rating is very high.

The fund has a 3-star rating on its benchmark.

Investments cannot be redeemed within the first five years.

Benefits of Axis Multicap Fund

The Axis Multicap Fund has the following benefits:

  • Market Exposure: Axis Multicap Fund invests in large, mid, and small-cap stocks, which makes it a fund providing exposure to the entire market spectrum.

  • Portfolio Diversification: Investments in the Axis Multicap Fund provide portfolio diversification across different market segments. This is possible through the stability of large-cap stocks and the growth potential of mid and small-cap stocks.

  • Quality Stocks: The Axis Multicap Fund invests with market leaders, offering more access to quality stocks. 

  • Risk Mitigation: The fund has sound risk-mitigation strategies.

  • Long-Term Capital Appreciation: By investing in the Axis Multicap Fund for five or more years, you can be sure to gain returns suitable for long-term plans.

Who should invest in the Axis Multicap Fund?

The Axis Multicap Fund is suitable for:

  • Investors who have a big appetite for market fluctuations

  • Investors who are planning to invest in equity and equity-related instruments

  • Investors who expect long-term wealth creation through investment

  • Investors who want to invest for five or more years

FAQ's

  • Q. What are the SIP returns of the Axis Multicap Fund?

    A. The following table shows the SIP returns of the Axis Multicap Fund:
    Period Invested For Total Investment Latest Value Absolute Returns* Annualized Returns*
    1 year 12,000 13,991.03 16.59% 31.97%
    2 year 24,000 33,247.87 38.53% 34.77%
    3 year 36,000 53,314.89 48.1% 27.18%
    *Returns are subject to change. The investment risk in the investment portfolio is borne by the policyholder.
  • Q. What are the top 10 holdings of the Axis Multicap Fund?

    A. The following table shows the top 10 holdings of the Axis Multicap Fund:
    Holdings  Percentage of Assets Invested
    Bajaj Finance Ltd. 9.2%
    ICICI Bank Ltd. 7.8%
    Avenue Supermarts Ltd. 7.6%
    HDFC Bank Ltd. 7.4%
    Infosys Ltd. 7.3%
    TATA Consultancy Services Ltd. 5.0%
    Kotak Mahindra Bank Ltd. 3.4%
    Divi’s Laboratories Ltd. 3.1%
    Housing Development Finance Corporation Ltd. 2.9%
    Ultratech Cement Ltd. 2.6%
  • Q. What is the equity sector allocation of the Axis Multicap Fund?

    A. The following table shows the equity sector allocation of the Axis Multicap Fund:
    Sector Allocation
    Financial 35.6%
    Technology 16.7%
    Services 10.3%
    Chemical 9.3%
    Others 8.3%
    Healthcare 7.2%
    Construction 7.2%
    Automobile  5.4%
  • Q. Why do fund houses charge Exit Loads?

    A. Asset Management Companies charge Exit Loads from their investors when they are quitting the investment or are redeeming their allocated units. It is a tool to dissuade investors from exiting the fund before the stipulated period.
  • Q. Does the expense ratio of the Axis Multicap Fund also include GST?

    A. Yes, the expense ratio of the Axis Multicap Fund also includes GST.
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