| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 0.56% |
| NAV | ₹11.97 (29 Oct 2020) |
|---|---|
| Fund Started | 24 Nov 2017 |
| Fund Size | ₹6,367 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Infosys Ltd. | Technology | Equity | 8.9% |
| HDFC Bank Ltd. | Financial | Equity | 7.8% |
| Bajaj Finance Ltd. | Financial | Equity | 7.2% |
| Tata Consultancy Services Ltd. | Technology | Equity | 6.2% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 5.7% |
| Avenue Supermarts Ltd. | Services | Equity | 5.3% |
| Reliance Industries Ltd. | Energy | Equity | 5.1% |
| Hindustan Unilever Ltd. | FMCG | Equity | 4.1% |
| Nestle India Ltd. | FMCG | Equity | 3.9% |
| Dr. Reddy's Laboratories Ltd. | Healthcare | Equity | 3.2% |
Axis Multicap Fund Direct Dividend is a Equity Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was made available to investors on 24 Nov 2017. Shreyash Devalkar is the Current Fund Manager of Axis Multicap Fund Direct Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹6,367 Cr and the Latest NAV as of 29 Oct 2020 is ₹11.97.
The Axis Multicap Fund Direct Dividend is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. For more than 10% of investments 1% will be charged if redeemed within 12 months
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.
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.