Fund Details
Axis Multicap Fund Direct Dividend
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 0.54% |
| NAV | ₹14.29 (25 Jan 2021) |
|---|---|
| Fund Started | 24 Nov 2017 |
| Fund Size | ₹7,451 Cr |
Returns
Comparison
1. Lower expense ratio - 0.56%
2. 1Y Returns are higher than the category average returns
1. Age is less than 5 years
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Bajaj Finance Ltd. | Financial | Equity | 9.7% |
| Infosys Ltd. | Technology | Equity | 9.0% |
| HDFC Bank Ltd. | Financial | Equity | 8.9% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 7.5% |
| Tata Consultancy Services Ltd. | Technology | Equity | 5.8% |
| Avenue Supermarts Ltd. | Services | Equity | 5.8% |
| ICICI Bank Ltd. | Financial | Equity | 4.6% |
| Reliance Industries Ltd. | Energy | Equity | 3.5% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 3.1% |
| Divi's Laboratories Ltd. | Healthcare | Equity | 3.0% |
Fund Managers
Axis Multicap Fund Direct Dividend Details
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 ₹7,451 Cr and the Latest NAV as of 25 Jan 2021 is ₹14.29.
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
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.
