Axis Multi Factor Passive FoF Fund Direct Growth

Axis Multi Factor Passive FoF Fund Direct Growth is a hybrid fund. This fund was started on 25 February, 2022. The fund is managed by Karthik Kumar. This fund gives you the benefit of diversification.

1. Axis Multi Factor Passive FoF Fund Direct Growth has ₹33 Cr worth of assets under management (AUM) as on Jul 2025 and is more than category average.
2. The fund has an expense ratio 0.1.
   

Axis Multi Factor Passive FoF Fund Direct Growth has given a CAGR return of 12.07% since inception. Over the last 1 and 3 years the fund has given a CAGR return of -7.93% and 12.14% respectively.

Axis Multi Factor Passive FoF Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Basic Materials, Tech, Consumer Defensive, Consumer Cyclical, Industrial, Energy, Health, Utilities, Communication.

As it is a fund of funds mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

To provide long-term capital appreciation from a portfolio investing predominantly in units of domestic equity ETFs. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Axis Multi Factor Passive FoF Fund Direct Growth has no lock in period.