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Axis Flexi-Cap Fund is an Axis Mutual Fund scheme that was established on November 20, 2017. The Nifty 500 Total Return Index is used as a benchmark for this scheme. Axis Flexi-Cap Fund Direct-Growth is a medium-sized fund in the Axis Fund category.
The fund has a 0.57% cost ratio, which is lower than most other multi-cap funds. Axis Flexi-Cap Fund Direct has a 1-year growth rate of 22.22%. This open-ended fund has returned an average of 16.59% per year since its inception.
Every three years, the fund has doubled the amount invested. If you're thinking of Investing in this fund, the post covers all of the essential details, including the key highlights and benefits of this fund.
According to the fund's investment objective, the scheme aims to generate long-term Capital growth by investing in diversified holdings of equity and other equity-related tools across market capitalisation by targeting underpriced businesses that provide superior capital appreciation from a medium-to-long-term perspective.
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Here are the top benefits associated with Axis Flexi-Cap funds:
The Axis Flexi-Cap Fund is a four-and-a-half-year-old fund with an average yearly return of 16.6% since its inception.
Net Asset Value (NAV) is the mutual fund's per-unit price. The mutual fund's NAV fluctuates daily. It is computed by subtracting the expenses from the current value of the fund's holdings at the end of the day and dividing the amount by the units issued to date. Axis Flexi-Cap Fund's NAV on April 13, 2022, is Rs. 19.64. The fund has an AUM of Rs. 10,848 crores.
Axis Flexi-Cap Fund Direct Growth's PE ratio is calculated by dividing the market price by Earnings Per Share. In contrast, its PB ratio is calculated by dividing the stock price per share by its Book Value Per Share (BVPS).
The sectors in which the fund has predominantly invested are as follows:
|Sector||Percentage of Portfolio|
The majority of the money in the Axis Flexi-Cap Fund is invested in the equities of the following companies:
|Company||Percentage of Portfolio|
|Bajaj Finance Ltd.||9.5%|
|ICICI Bank Ltd.||8.06%|
|Avenue Supermarts Ltd.||6.81%|
|HDFC Bank Ltd.||5.71%|
|Tata Consultancy Services Ltd.||5.43%|
|Kotak Mahindra Bank Ltd.||3.23%|
|Divi's Laboratories Ltd.||2.65%|
|Ultratech Cement Ltd.||2.32%|
|Sona BLW Precision Forgings Ltd.||2.29%|
If you invest for five years or longer, you can expect gains that can easily outperform inflation along with the returns from fixed-Income choices. However, be prepared for ups and downs in the value of your investment along the road.
This is a flexi-cap fund, meaning that the fund management team can invest in firms of varying sizes based on where it expects to make the most money. Flexi-cap funds are perfectly suited for equities fund investors because the responsibility of stock selection is entirely in the hands of the fund management, which is the whole point of investing in a mutual fund.
Here are the details regarding the taxability of Earnings for the fund:
Dividends are added to an investor's income and taxed according to their tax brackets. In addition, if an investor's dividend income exceeds Rs. 5,000 in a calendar year, the fund house deducts a 10% TDS before releasing the dividend.
The Financial, Services, Technology, Healthcare, and Chemicals sectors account for most of the fund's holdings. Compared to the several other funds in the category, it has less exposure to the Financial and Technology industries. The Axis Flexi-Cap Fund Rank is 7th out of 31, and the consistency grade is 3. However, you may also investigate other funds in the same category.