Axis Small Cap Fund - Direct Growth

Axis Small Cap Fund invests in high conviction small-cap funds. The scheme follows a bottom-up approach to investing in small caps aimed at achieving long-term business. The scheme aims to develop a diversified portfolio of stocks keeping in mind the risk and reward and navigating volatile movements in the stock market.

Axis Small Cap Fund Direct-Growth Facts

Name of the Scheme	Axis Small Cap Fund
Benchmark Index	Nifty Small Cap 100 TRI
Name of the Trustee Company	Axis Mutual Fund Trustee Limited
Name of the Fund Manager	Mr Anupam Tiwari and Mr Hitesh Das
Portfolio Turnover Ratio as of September 30, 2021	0.22 times
Entry Load	Nil
Exit load	If redeemed or switched out after 1 year from the unit allotment date – Nil If redeemed or switched out within 1 year from the unit allotment date – For 10% of allotments: Nil For remaining Investments: 1%
Date of Inception	29th November 2013
Options	Growth and IDCW
Minimum Application	Lumpsum 5000 and multiples of Rs. 1 SIP Rs. 500 and multiples of Rs. 1
Standard Deviation	17.4%
Beta	0.68
Tracking Error	10.7%
Information Ratio	0.90
Large cap (% NAV)	Not Applicable
Midcap (% NAV)	19.6%
Small Cap (% NAV)	72.6%
Top 5 sectors	Capital Goods, Consumer, Information Technology, Agro Inputs, and Chemicals, Finance
Liquidity	The redemption receipts are received within 10 business days from the date of receipt of the request
Plans	Axis Small Cap Fund – Regular Plan Axis Small Cap Fund – Direct Plan
AUM as of October 31, 2021	Rs. 7,362.16

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Insurance Companies
Mutual Funds

Fund Name	5 Years	7 Years	10 Years
	Returns
High Growth Fund Max Life Rating	27.23%	21.37%	18.4% View Plan
Top 200 Fund Tata AIA Rating	31.42%	21.79%	17.46% View Plan
Accelerator Mid-Cap Fund II Bajaj Allianz Rating	24.33%	13.05%	14.89% View Plan
Opportunities Fund HDFC Standard Rating	25.88%	15.11%	14.97% View Plan
Growth Plus Fund Canara HSBC Oriental Bank Rating	18.02%	10.41%	10.71% View Plan
Grow Money Plus Fund Bharti AXA Rating	20.99%	14.06%	14.09% View Plan
Multiplier Birla Sun Life Rating	26.89%	14.41%	15.69% View Plan
Equity Top 250 Fund Edelwiess Tokio Rating	20.47%	12.29%	11.72% View Plan
Opportunities Fund ICICI Prudential Rating	23.28%	13.48%	12.5% View Plan
Flexi Growth Fund LIC Rating	-	-	- View Plan

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Fund Name	3 Years	5 Years	10 Years
	Returns
Active Fund QUANT	23.92%	31.48%	21.87%
Flexi Cap Fund PARAG PARIKH	20.69%	26.41%	19.28%
Large and Mid-Cap Fund EDELWEISS	22.34%	24.29%	17.94%
Equity Opportunities Fund KOTAK	24.64%	25.01%	19.45%
Large and Midcap Fund MIRAE ASSET	19.74%	24.32%	22.50%
Flexi Cap Fund PGIM INDIA	14.75%	23.39%	-
Flexi Cap Fund DSP	18.41%	22.33%	16.91%
Emerging Equities Fund CANARA ROBECO	20.05%	21.80%	15.92%
Focused fund SUNDARAM	18.27%	18.22%	16.55%

Last updated: May 2025

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Fund Return Summary

Performance of the Axis Small Cap Fund – Direct Plan-Growth option as of 30 September 2021, is as follows:

Tenure

Axis Small Cap Fund – Direct Plan-Growth Option

Nifty SmallCap 100 TRI

1 Year

76.91%

88.75%

3 Year

33.94%

22.12%

5 Year

22.14%

13.24%

Since Inception

26.58%

18.20%

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

Pros and Cons

Some pros and cons of the fund are:

Pros

Cons

The scheme has an affordable expense ratio.

The risk involved in the scheme is high.

The fund provides good returns over the long run.

There are chances that you might lose the capital invested.

The fund house has developed good risk mitigation strategies.

The fund is not appropriate for investors seeking quick profits and impatient dealing.

FAQ's

Q. How does the Axis Small Cap Fund allocate its assets?

A. The asset allocation pattern of the scheme has been reproduced hereunder:

Instruments	Indicative allocations (% of total assets)		Risk Profile
	Minimum	Maximum	High/Medium/Low
Units issued by REITs & Invits	0	10	Medium to High
Debt and Money Market Instruments	0	35	Low to Medium
Equity and Equity Related Instruments of non-small cap companies	0	35	High
Equity and Equity related instruments of small cap companies	65	100	High

Q. What are the risks that the Axis Small Cap Fund acknowledges?
A. The scheme has designed strategies to manage the following types of risks:
- Event Risk: Risk of increasing price due to company or sector-specific events
- Liquidity Risk: Impact of entry and exit
- Quality Risk: Risk of investing in unsuitable or weak companies
- Price Risk: Risk of overpaying for a company
- Volatility Risk: Volatility in price due to company or portfolio-specific factors

Q. How are the proceeds from the Axis Small Cap Fund taxed?

	Tax on Dividend	Long term Capital Gains	Short Term Capital Gains
Resident	Taxed in the hands of the unitholders at the rate as prescribed under the Income Tax Act, 1961.	10% plus surcharge and cess without indexation	15% plus surcharge and cess
Non- Resident	Taxed in the hands of the unitholders at the rate of 20% u/s 115A of the act.	10% plus surcharge and cess without indexation	15% plus surcharge and cess

Q. What are the expenses incurred under the Axis Small Cap Fund?

Expense Head	% of daily Net Assets
Investment Management and Advisory Fees	Up to 2.25%
Trustee Fees	Up to 2.25%
Audit Fees	Up to 2.25%
Custodian Fees	Up to 2.25%
RTA Fees	Up to 2.25%
Marketing and Selling expense	Up to 2.25%
Cost of fund transfer from location to location	Up to 2.25%
Cost of providing account statements and IDCW redemption cheques and warrants	Up to 2.25%
Cost related to investor communications	Up to 2.25%
Cost of Statutory Advertisements	Up to 2.25%
Cost towards investor education and awareness (at least 2 bps)	Up to 2.25%
Brokerage and Transaction cost that is above the 12 bps and 5 bps for derivatives and cash market trades	Up to 2.25%
Goods and Service Tax on expenses other than advisory fees and investment	Up to 2.25%
GST	Up to 2.25%
Other Expenses	Up to 2.25%
Total Expense Ratio permitted under Regulation 52(6)(c)	Up to 2.25%
Additional Expenses under regulation	Up to 0.05%
Additional Expenses for new inflows	Up to 0.30%

Q. How is NAV Computed?

A. Nav per unit = Market or fair Value of the Scheme’s investment + Current asset – Current Liabilities and Provisions / No. of units outstanding under the scheme/plan.

Axis Small Cap Fund - Direct Growth

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