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.

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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

Investment Objective 

The product is designed specifically for investors looking for long-term financial growth. The fund strives to achieve its objective by investing in a mixed portfolio of stocks and other equity-related instruments of small-cap companies. 

Fund Summary 

Axis Small Cap Fund – Direct Plan-Growth

  • NAV as on Nov 30, 2021: Rs. 65.90

  • CAGR: 26.58% since inception 

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.  

Fund Benefits

Some of the benefits are:

  • Long term capital appreciation

  • Reasonable Expense Ratio for higher returns

  • Consistency in performance since inception

  • Focus on risk mitigation to generate better returns

Who Should Invest?

The following category of investors can consider this fund:

  • Investors having an investment horizon of 5 years or more

  • Investors who can absorb short-term volatility

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?

    A.
    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?

    A.
    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.
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