| Launch date | 23 Aug 2024 |
| Allotment date | 12 Sep 2024 |
| End date | 06 Sep 2024 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: 0.44%
Inclusive of GST
Exit load
Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Minimum investment amounts
| Min. for 1st investment | ₹100 |
| Min. for 2nd investment onwards | ₹100 |
| Min. for SIP | ₹500 |
Fund management
Shreyash DevalkarAug 2024 - PresentView details
Hitesh DasAug 2024 - PresentView details
Krishnaa NarayanAug 2024 - PresentView details
Fund house & investment objective
| Rank (total assets) | #7 in India |
|---|---|
| Total AUM | ₹2,92,314.38Cr |
| Date of Incorporation | 04 Sep 2009 |
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Axis Consumption Fund Direct Growth is a Equity Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was made available to investors on 04 Sep 2009. Krishnaa Narayan is the Current Fund Manager of Axis Consumption Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹2,92,314 Cr and the Latest NAV as of 14 Jan 2025 is ₹9.14. The Axis Consumption Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹100. Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months. ;
Investment Objective
The scheme seeks to provide long term capital appreciation from an actively managed portfolio of equity and equity related securities of companies engaged in consumption and consumption related sector or allied sectors. ;
| Fund benchmark | NIFTY India Consumption Total Return Index |
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