Axis Multicap Fund Direct Growth

Axis Multicap Fund is a mutual fund which takes the liberty to invest in companies across different market capitalizations, providing investors with a diverse spread of investment opportunity from safer large cap stocks to alpha generating mid and small cap stocks.

The fund’s objective is to generate long term capital appreciation by investing in a diversified portfolio of equity and equity related instruments across market capitalization. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.

Investing in Axis Multicap Fund is a good option for investors who want to diversify their portfolio across different market segments and generate potentially higher returns in the long run.

1. Axis Multicap Fund Direct Growth has ₹7235 Cr worth of assets under management (AUM) as on Mar 2025 and is more than category average.
2. The fund has an expense ratio 0.8.
   

Axis Multicap Fund Direct Growth has given a CAGR return of 18.11% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 17.09% and 26.40% respectively.

Axis Multicap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Government, Financial Services, Industrial, Consumer Cyclical, Health, Tech, Basic Materials, Consumer Defensive, Real Estate, Energy, Communication, Utilities. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Bharti Airtel Ltd, Fortis Healthcare Ltd

As it is a multi-cap mutual fund the taxation is as follows:
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
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

To generate long term capital appreciation by investing in a diversified portfolio of equity and equity related instruments across market capitalization. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Axis Multicap Fund Direct Growth has no lock in period.