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Home>Mutual Funds>Axis Mutual Fund>Axis Equity Saver Fund Direct IDCW Monthly

Axis Equity Saver Fund Direct IDCW Monthly

Hybrid
Equity Savings
Moderately High Risk
Payout
11.09%
3Y annualised
+0.38% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 16 Aug 2022₹12.95
Min. SIP amount₹1,000
Rating3
Fund size₹1,211.33Cr

Returns and rankings

Category: Hybrid Equity Savings
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns4.4%11.1%9.5%9.1%
Category average20.4%8.3%8.2%NA
Rank with in category17112NA
Understand terms

Holdings (74)

NameSectorInstrumentAssets
HDFC Bank Ltd.FinancialEquity8.6%
ICICI Bank Ltd.FinancialEquity7.8%
Reliance Industries Ltd.EnergyEquity6.3%
Infosys Ltd.TechnologyEquity3.1%
GOI
SovereignGOI FRB2.8%
Hindustan Unilever Ltd.Consumer StaplesEquity2.8%
Kotak Mahindra Bank Ltd.FinancialEquity2.6%
Reserve Bank of India
FinancialT-Bills2.5%
Bajaj Finance Ltd.FinancialEquity2.5%
Indusind Bank Ltd.FinancialEquity2.4%
See All

Pros and cons

Category: Hybrid Equity Savings

Pros

Cons

3Y and 5Y annualised returns higher than category average
1Y annualised returns lower than category average by 16.01%
Lower expense ratio: 0.84%
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality

Expense ratio, exit load and tax

Expense ratio: 0.84%

Inclusive of GST

Exit load

For units in excess of 10% of the investment,1% will be charged for redemption within 1 months.

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

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.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹100
Min. for SIP₹1,000

Fund management

R Sivakumar
Jul 2015 - Present
View details

Education
Mr. Sivakumar is a B.Tech from IIT Madras and MBA from IIM Ahmedabad.
Experience
Prior to joining Axis AMC he has worked with BNP Paribas Mutual Fund, Sundaram Mutual Fund (2001-2004), HDFC Mutual Fund and ITC Threadneedle.
Also manages these schemes

Anupam Tiwari
Oct 2016 - Present
View details

Education
Mr. Tiwari is a Chartered Accountant.
Experience
Prior to joining Axis Mutual Fund he was associated with Principal Mutual Fund (July 25, 2011-Sep 21, 2016), Reliance Life Insurance Ltd. (Sep 22, 2010-Jul 15, 2011) and Reliance MF (Mar 21, 2005-Sep 21, 2010).
Also manages these schemes

Kaustubh Sule
Nov 2021 - Present
View details

Education
Mr. Sule is a B.E. (Computer Engineering) & MBA (Finance)
Experience
Prior to joining Axis Asset Management Company Ltd., he has worked with HDFC Standard Life Insurance Company Ltd., Reliance Life Insurance Company Ltd., Union Bank of India, Hexaware Technologies Ltd.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
"Axis House" - 1st Floor,C-2 - Wadia International Centre,Pandurang Budhkar Marg , Worli, Mumbai 400025
Phone
022-24255161
Launch Date
04 Sep 2009
Axis Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,

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FAQs

How to Invest in Axis Equity Saver Fund Direct IDCW Monthly?

You can easily invest in Axis Equity Saver Fund Direct IDCW Monthly in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for Axis Equity Saver Fund Direct IDCW Monthly from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in Axis Equity Saver Fund Direct IDCW Monthly as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Axis Equity Saver Fund Direct IDCW Monthly provide?

The Axis Equity Saver Fund Direct IDCW Monthly has been there from 14 Aug 2015 and the average annual returns provided by this fund is 4.41% since its inception.

How much expense ratio is charged by Axis Equity Saver Fund Direct IDCW Monthly?

The term Expense Ratio used for Axis Equity Saver Fund Direct IDCW Monthly or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of Axis Equity Saver Fund Direct IDCW Monthly is 0.84% as of 17 Aug 2022...

What is the AUM of Axis Equity Saver Fund Direct IDCW Monthly?

The AUM, short for Assets Under Management of Axis Equity Saver Fund Direct IDCW Monthly is ₹1,211.33Cr as of 17 Aug 2022.

How to Redeem Axis Equity Saver Fund Direct IDCW Monthly?

If you want to sell your Axis Equity Saver Fund Direct IDCW Monthly holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Axis Equity Saver Fund Direct IDCW Monthly?

You can select either SIP or Lumpsum investment of Axis Equity Saver Fund Direct IDCW Monthly based on your investment objective and risk tolerance.

What is the NAV of Axis Equity Saver Fund Direct IDCW Monthly?

The NAV of Axis Equity Saver Fund Direct IDCW Monthly is ₹12.95 as of 16 Aug 2022.

What is the PE and PB ratio of Axis Equity Saver Fund Direct IDCW Monthly?

The PE ratio ratio of Axis Equity Saver Fund Direct IDCW Monthly is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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