Are you looking for investment options that provide both growth potential and effective risk management? Flexi-cap funds is one such category that has gained popularity for their flexibility. Flexicap funds are equity funds that can invest in any market cap segment—large-cap, mid-cap, or small-cap stocks—without limits. This means fund managers can shift their focus between large, established and smaller companies, depending on market conditions. If you wish to invest in such a plan, you can explore Axis Flexi Cap Fund Direct Growth.
What does the Axis Flexi Cap Fund portfolio consist of, and what is the Axis Flexi Cap Fund NAV history?
Let us see!
Fund Management and Objectives
Launched on November 17, 2017, this equity fund is managed by Shreyash Devalkar. The primary goal of the axis flexi cap direct growth fund is to achieve long-term capital appreciation. Thus, to achieve it, the Axis Flexi Cap Fund portfolio invests across the market cap spectrum as follows:
50-100% in Large cap
0-50% in Mid & Small cap
- The fund looks for businesses capable of steady growth over time.
- It ensures that chosen stocks have enough liquidity for easy buying and selling.
As of August 2024, India is recognised as one of the fastest-growing economies globally. With rising private capital expenditure, the fund anticipates this trend will continue.
Performance and Returns- 2024
The axis flexi cap fund direct growth has shown impressive performance since its inception, with a CAGR return of 16.87%. Over the past one, two, and three years, it has delivered returns of 35.41%, 21.85%, and 11.48%, respectively.
The Axis Flexi Cap Fund Direct Growth AUM is ₹13,111 Cr as of August 2024. Additionally, its expense ratio of 0.7% is competitive compared to other funds in the category.
Ready to invest in the Axis Flexi Cap Fund Direct Plan? Start now with zero brokerage!
Investment Allocation
The Axis Flexi Cap Fund mainly invests in stocks, but it also holds some bonds and cash.
- Stocks (Equity): 94.8% This means most of the fund’s money is invested in stocks.
- Bonds (Debt): 5.42% A small portion is in bonds, which are loans to companies or the government.
- Cash and Cash Equivalents: -0.19% This negative percentage indicates that the fund has borrowed a little money.
Axis Flexi Cap Fund Portfolio Highlights
- Average Market Size of Investments: The fund mainly invests in large companies, with an average market size of ₹2,00,649 crore. This is bigger than the average for similar funds, which is ₹1,81,514 crore.
- Types of Companies: The fund invests in various sizes of companies:
- Giant Companies (60.91%)
- Large Companies (17.88%)
- Mid-sized Companies (18.06%)
- Small Companies (3.15%)
Axis Flexi Cap Fund Direct Growth Portfolio 2024
The Axis Flexi Cap Fund – Direct Growth adopts a diversified investment strategy across various sectors, including:
- Financial Services
- Consumer Cyclical
- Industrial
- Tech
- Health
- Basic Materials
Axis Flexi Cap Fund Direct Growth- Top 10 Stocks 2024
| Company Name | % of Fund Assets |
| ICICI Bank | 7.6% |
| HDFC Bank | 5.2% |
| Bajaj Finance | 5.2% |
| Trent Limited | 4.4% |
| Bharti Airtel | 3.8% |
| Infosys Limited | 3.7% |
| Tata Motors Limited | 3.2% |
| Mahindra & Mahindra Limited | 3.0% |
| Bharat Electronics Limited | 2.9% |
| Tata Consultancy Services Limited | 2.8% |
Axis Flexi Cap Fund Direct Growth- Top 10 Sectors 2024
| Sector | % of Fund Assets |
| Financial Services | 25.9% |
| Automobile and Auto Components | 11.5% |
| Capital Goods | 9.9% |
| Consumer Services | 9.0% |
| Healthcare | 7.0% |
| Information Technology | 6.4% |
| Realty | 4.5% |
| Telecommunication | 3.8% |
| Power | 3.6% |
| Consumer Durables | 3.2% |
Key Metrics
With an expense ratio of 0.7%, it remains cost-effective for investors. The axis flexi cap fund direct growth NAV was ₹29.2300 as of October 4, 2024.
The fund’s performance metrics include:
- Mean Return: 13.80%
- Standard Deviation: 12.98%
- Sharpe Ratio: 0.62
- Sortino Ratio: 1.15
- Beta: 0.92
These metrics highlight the fund’s ability to deliver competitive returns while managing risk effectively.
Risk and Volatility
The Axis Flexi Cap Fund Direct Growth is classified as very high risk.
This means that while it can offer high returns, there is also a significant chance that you could lose money. It’s essential for investors to understand that high returns often come with high risks.
- Mean Return (%):
The mean return shows the average return you can expect from these investments. The Axis Flexi Cap fund had an average return of 13.80% over the past three years, which is lower than the BSE 500 TRI and the average for Flexi Cap equity funds.
- Standard Deviation (%):
Standard deviation measures how much the fund’s returns can vary from the average. A higher number indicates more volatility, meaning returns can swing widely. Axis Flexi Cap has a slightly higher standard deviation compared to its peers.
- Sharpe Ratio:
The Sharpe ratio measures how well the fund performed compared to the risk taken. A higher Sharpe ratio is better. Axis Flexi Cap has a lower ratio, suggesting it provided less return for the risk taken than some of its competitors.
- Sortino Ratio:
This ratio is similar to the Sharpe ratio but focuses only on the downside risk (losses). Axis Flexi Cap has a decent Sortino ratio, but there are funds that performed better in terms of risk-adjusted returns.
- Beta:
Beta measures how much the fund’s price moves compared to the market. A beta of less than 1 (like 0.92) means the fund is less volatile than the market, which can be good for cautious investors.
- Alpha:
Alpha shows how much the fund outperformed or underperformed compared to a benchmark. A negative alpha indicates it has lagged behind the market benchmark, suggesting it hasn’t performed as well as it could have.
Taxation on Axis Flexi Cap Fund
Taxation for the Axis Flexi Cap Fund follows specific guidelines due to its equity orientation.
Short-term capital gains: If you hold your investment for less than one year, these gains are taxed at 15%.
Long-term capital gains: For investments held for more than one year, gains are taxed at 10% without indexation benefits.
Dividends: Dividends are taxed at your slab rate, with gains up to ₹1 lakh exempt from long-term taxation.
Investment Details
For investors considering the Axis Flexi Cap Fund Direct Growth, the minimum investment requirements are:
- Lump Sum Payment: ₹100
- SIP: ₹100
- Lock-in Period: None
Want to know how much to invest each month? Try the SIP Calculator!
How to Invest in Axis Mutual Funds
Invest in Axis Flexi Cap Fund Direct Growth easily with Shoonya. It offers zero brokerage trading, free demat account, technical indicators, advanced tools and much more!
Investing in Lump Sum Mutual Funds Through the Shoonya Web Platform
Here’s a quick guide on how to invest in lump sum mutual funds through the Shoonya web platform:
- First, you must log in to your Shoonya account at trade.shoonya.com. From the “Orders” section, you must click on “MF order.”
- Search for the fund you wish to invest in; in this case, Axis Flexi Cap Fund Direct Plan Growth.
- Select “Fresh” for a new investment and enter the amount you want to invest.
- You can complete your purchase by clicking the “Purchase” button.
- A payment link will be sent to your registered email. You must use the link to make the payment.
After payment, your mutual fund units will be allotted to your Demat account within T+2 days.
Note: You can only make the payment using the bank account registered with your Demat account.
Setting Up an SIP for Mutual Funds
If you prefer a Systematic Investment Plan (SIP) for Axis Flexi Cap Fund Direct Growth, follow these steps:
- First, you need to log in to your Shoonya account at trade.shoonya.com. Go to “Orders” and click on “XSIP.”
- Find the mutual fund for which you want to set up an SIP. In this case, select Axis Flexi Cap Fund Direct Plan.
- If this is your first SIP with Shoonya, you need to create a Mandate ID. Enter the mandate amount and the validity date (until you want to keep your SIP active).
- You must submit the details, and you’ll receive a Mandate authentication link via email. Approval generally takes 24 hours.
Once your Mandate is approved, you can follow these steps to set up your SIP:
- Go to “XSIP,” enter the SIP amount, and select “Fresh” as the transaction type.
- Choose the date when the SIP will be debited directly from your registered bank.
- The approved Mandate ID will auto-reflect.
- Choose “Monthly” for monthly debits and specify the number of installments (e.g., 24 instalments for a 2-year SIP).
This process will help you invest systematically with ease.
What is a Flexi Cap Fund?
Flexi Cap Funds are a type of mutual fund that invests across a mix of large-cap, mid-cap, and small-cap stocks. They offer flexibility in asset allocation. This allows fund managers to adjust investments based on market conditions, opportunities, and stock values.
Why Should You Invest in Flexi Cap Funds?
- Diversification: You get exposure to a mix of market capitalisations that minimise risk.
- Flexibility: Fund managers can shift allocations to capitalise on market trends.
- Potential for High Returns: The fund’s ability to invest across different market caps increases growth potential.
- Tax Efficiency: Flexi cap funds qualify for long-term capital gains tax benefits.
The Axis Flexi Cap Fund Direct Growth is an excellent choice for investors seeking long-term capital appreciation through a diversified portfolio.
FAQs| Axis Flexi Cap Fund
Yes, Axis Flexi Cap Fund is considered a good option for long-term investment due to its diversified portfolio across different market capitalizations.
The Axis Flexi Cap Fund Growth option has delivered a return of approximately 35.41% over the past year, with an average annual return of 17.43% since its inception.
The latest Axis Flexi Cap Fund Direct Growth NAV is ₹28.85 as of October 7th, 2024.
The expense ratio for Axis Flexi Cap Fund Direct Growth is 0.71%, which is competitive compared to other funds in the same category.
Mid-cap funds are suitable for investors with a higher risk tolerance and a long-term horizon. In contrast, flexi-cap funds offer a balanced approach by investing across large, mid, and small-cap stocks.
No, Axis Flexi Cap Fund does not have a lock-in period, making it a flexible option for investors who may need liquidity.
Source: Axismf, ValueResearch
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Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.