Axis Multicap Fund Direct Dividend is a Equity Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was introduced to investors on 24 Nov 2017. Shreyash Devalkar is the Current Fund Manager of Axis Multicap Fund Direct Dividend.The fund currently has an Asset Under Management(AUM) of ₹4,020 Cr and the Latest NAV as of 23 Aug 2019 is ₹11.7.
The Axis Multicap Fund Direct Dividend is rated Moderately High risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 5000. For more than 10% of investments 1% will be charged if redeemed within 12 months.
Investment Objective
To achieve long term capital appreciation by investing predominantly in equity & equity related instruments of mid size companies. The focus of the fund would be to invest in relatively larger companies within this category.
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.
Scheme Information Document(SID)
₹5000
Min for First Investment
₹100
Min for Second Investment
For more than 10% of investments 1% will be charged if redeemed within 12 months
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