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Axis Multicap Fund Direct - Growth

Equity Multi Cap

PLAN: GROWTH TYPE : OPEN-ENDED OPTION: Growth

1 Yr return

24.5%

5 Yrs CAGR returns

NA

NAV as on 27 Dec

₹ 13.77 by 0.08 ( -0.58%)

Expense ratio

0.49

Exit load

1%

Fund Size (Cr)

₹ 3695.67


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Performance Graph*
Returns Calculator
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If ₹5000 invested for 1

Estimated returns*

₹ 0

with % annual returns

Direct Funds
Estimated amount
₹ 10,27,000
Regular Funds
Estimated amount
₹ 9,91,000

* The calculator, based on assumed rate of returns, is meant for illustration purposes only.More

The calculations are not based on any judgments of the future return and should not be construed as promise on minimum returns. Information gathered and material used in this calculator is believed to be from reliable sources. Paisabazaar however does not warrant the accuracy, reasonableness and/or completeness of any such information. While utmost care has been exercised while preparing the calculator, Paisabazaar does not warrant the completeness or guarantee that the achieved computations are flawless and/or accurate and disclaims all liabilities, losses and damages arising out of the use or in respect of anything done in reliance of the calculator.

investment objective

The scheme seeks to generate long term capital appreciation by investing in a diversified portfolio of equity and equity related instruments across market capitalization by targeting undervalued companies that offer opportunities to generate superior capital gains from a medium-to-long term perspective.

Tax Implications

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

riskometer
Top Holdings
Top 10 Sectors %
Financial 44.15
Others 12.1
Technology 8.11
FMCG 7.38
Retailing 6.55
Chemicals 6.53
Automobile 3.89
Cons Durable 2.91
Communication 2.35
Construction 2.25
Top 10 Sectors %
Others 12.23
Hire Purchase 8.87
Banking 8.38
Banking 8.04
Banking 7.97
Retailing 6.55
Housing Finance 5.12
Computer Software 4.54
Paints & Varnishes 4.22
Cars & Multi Utility Vehicles 3.51
Fund house details
Fund House Axis Mutual Fund
Fund Manager Shreyash Devalkar
Fund Setup Date 30 Oct 2017
Address 'Axis House' - 1st Floor, C-2 - Wadia International Centre, Pandurang Budhkar Marg, Worli,
Contact 022-24255161
Email ID getintouch@axismf.com / customerservice@axismf.com
More About This Fund

About Axis Multi Cap Fund 

Axis Multi Cap Fund, as the name defines it is a fund that invests in companies of multiple types of capitalizations. It tries to achieve an optimum portfolio construction by diversification of investments in all types of companies – large cap, mid cap and small cap. It is ideal for medium/long term revenue and principal generation. It is an equity scheme investing predominantly in quality stocks with growth potential and risk mitigation capacity.

Investing in multi-cap helps the fund manager to tap the best opportunity in the market and give maximum returns to the investors. While large cap equities assure stability and endurance to market risks, mid cap and small cap shares with growth potential will earn better returns in the long term. Even when markets are down, investments in large cap may cover up the losses from small and medium sized companies. An ideal mix leads to right risk-return adjustment.

Who Should Invest?

  • Those who are ready to invest with medium to long term investment perspective with the objective of wealth accumulation. Equity as an asset class also has the potential to beat inflation
  • Those who are ready to take moderate risks as major part of the corpus is allocated to large cap stocks that ensure good returns while some undervalued stocks may perform better in the long run.

Risks

There are no guaranteed results as market risks are always associated with equities. Some small and mid cap stocks may not perform as expected and even large cap stocks may underperform. Also, investors need to take the risk of betting money on a new fund as it was launched in November 2017. Therefore, not much previous track record is available to determine the performance, especially the 3 year and 5 year returns. However, it has outperformed the benchmark since its inception.

Also Read: Best Multi Cap Funds

Will You Pay Tax?

If you withdraw or redeem the units before one year of investment, Short Term Capital Gains Tax of 15% is levied. Whereas, Long Term Capital Gains Tax above ₹1 lakh will be taxed at 10% after completion of 1 year of investment.

Let’s say, an individual has ₹2 lakh disposable taxable income in a given financial year, and s/he decides to invest the amount in ELSS. ₹1.5 lakh out of this amount would be exempted from any taxation.₹50,000 would be taxed as per the income tax slab of the investor.

It should be noted that the investment in ELSS remains locked-in for 3 years.

The returns from ELSS are taxed like that from any other equity mutual fund scheme. However, since the units can’t be redeemed before 3 years of investment, only Long Term Capital Gains Tax of 10% above ₹1 lakh will be levied.

Suppose an investor has made a capital gain of ₹1.5 lakh on investment in this scheme, and withdraws the amount after 1 year of investment, Long Term Capital Gains Tax of 10% would be levied on ₹50000. ₹1Lakh is exempted from taxation. The payable tax would be ₹5000.

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FAQs

Q. What is the meaning of multi cap?
A. SEBI classifies all Indian companies on the basis of their capital accruement. It is classified in to large, medium and small companies. The top 100 are large, the next 250 are medium sized and the rest are small ones. When a fund invests in companies of multiple types of capitalizations, it is known as a multi capitalization fund or multi cap fund.

Q. Does Axis Multi Cap Mutual Fund come under Section 80C or offers tax benefits?
A.
Axis Multi Cap Mutual Fund is not a tax saver fund and does not come under Section 80C.

Q. Is it beneficial to invest via open-ended (lumpsum) or SIP?
A.
SIP is considered an efficient and convenient mode of investment that is profitable for long-term investors. It also reduces financial burden as one needs to invest periodically and one can start with amount as low as Rs. 500 per month.

Q. What is the entry load for this fund?
A.
There is no applicable entry load on the aforementioned fund.

Q. What is the exit load for this scheme?
A.
If an investor redeems the purchased units within 1 year of allotment of units, an exit load of 1% is payable by the investor. However, no exit load is levied for redemption of units after 1 year of purchase.

Q. Is there any lock-in period for investment in this scheme?
A.
No. Investors can redeem their investment as per their wish and needs.

Q. What is the fund manager’s style of investment?
A.
Mr. Shreyas Devalkar is the Fund Manager since October 2017. He allocates a major portion of the corpus in a mix of equities varying in their capital that leads to risk minimization. Multi cap is compared less volatile than pure mid cap or small cap fund investment