Axis Children's No Lock in Fund Direct Growth

Axis Children's No Lock in Fund Direct Growth

Hybrid

Direct

Children

NAV as on 17-02-2025

₹ 27.6

-0.9%

1D

Inception Returns

11.7%

/yr

About Axis Children's No Lock in Fund Direct Growth

Axis Children's No Lock in Fund Direct Growth is a hybrid fund. This fund was started on 8 December, 2015. The fund is managed by Hardik Shah, Devang Shah. This fund gives you the benefit of diversification.

Key Parameters

  1. Axis Children's No Lock in Fund Direct Growth has ₹869 Cr worth of assets under management (AUM) as on Jan 2025 and is less than category average.
  2. The fund has an expense ratio 1.3.

Returns

Axis Children's No Lock in Fund Direct Growth has given a CAGR return of 11.70% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 11.64%, 7.99% and 11.66% respectively.

Holdings

Axis Children's No Lock in Fund Direct Growth has allocated its funds majorly in Government, Financial Services, Corporate, Cash Equivalent, Tech, Health, Consumer Cyclical, Industrial, Energy, Basic Materials, Real Estate, Communication, Consumer Defensive, Utilities.

Taxation

As it is a children 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 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of Axis Children's No Lock in Fund Direct Growth

The investment objective of the scheme is to generate income by investing in debt & money market instruments along with long-term capital appreciation through investments in equity & equity related instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 0.00. There is a lock in period for Axis Children's No Lock in Fund Direct Growth of 5 Years

Historical NAV & Returns

Absolute

Axis Children's No Lock in Fund Direct Growth Overview

Expense ratio1.26%
Benchmark
IISL Nifty 50 TR INR
AUM₹869 Cr
Inception Date8 December, 2015
Min Lumpsum/SIP--/--
Exit Load
3.0%
Lock In5 Years
TurnOver
79.77%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (17-Feb-25)

Period
Axis Children's No Lock in Fund Direct Growth
Hybrid Equity Index
1M
-2.5%
-
3M
-3.2%
-
6M
-2.6%
-
1Y
11.6%
-
3Y
8%
-
5Y
11.7%
-

Fund Distribution

as on (31-Jan-25)

  • Equity 70.3%

  • Debt & Cash 29.8%

Large cap
48.1%

Small cap
11.6%

Mid cap
9.4%

Sector Allocation

Jan'25

Dec'24

Nov'24

Financial Services
33.5%
Tech
12.1%
Health
11.9%
Consumer Cyclical
11%
Industrial
9.7%
Energy
7.4%
Basic Materials
6.2%
Real Estate
3.1%
Communication
2.6%
Consumer Defensive
1.4%
Utilities
0.9%
All changes are between Oct'69 and Dec'69
Parameters
Jan'25
Dec'24
Nov'24
AUM
₹ 868.8 Cr
₹ 891.9 Cr
₹ 897.2 Cr
  • AUM of the fund stands at 868.8 Cr as of Jan'25
  • AUM decreased by 23.2 Cr between Jan'25 and Dec'24
Top Stocks bought last month
Cipla Ltd's allocation increased from 0.46% to 0.85%
Cipla Ltd's allocation increased from 0.46% to 0.85%
Varun Beverages Ltd's allocation increased from 0.19% to 0.54%
Varun Beverages Ltd's allocation increased from 0.19% to 0.54%
Infosys Ltd's allocation increased from 3.91% to 4.21%
Infosys Ltd's allocation increased from 3.91% to 4.21%
Top Stocks sold last month
ICICI Bank Ltd's allocation decreased from 5.24 % to 4.96 %
ICICI Bank Ltd's allocation decreased from 5.24 % to 4.96 %
Reliance Industries Ltd's allocation decreased from 3.51 % to 3.22 %
Reliance Industries Ltd's allocation decreased from 3.51 % to 3.22 %
Bajaj Finance Ltd's allocation decreased from 2.06 % to 2.06 %
Bajaj Finance Ltd's allocation decreased from 2.06 % to 2.06 %

Top 3 Sectors in January were Government, Financial Services & Corporate

Jan'25
Government
65%
Financial Services
34%
Corporate
19%
Dec'24
Government
63%
Financial Services
32%
Corporate
21%
Fund
Jan'25
Dec'24
Nov'24
No of Holdings
95
95
92
Top 5 Company Concentration
20.5%
20.3%
20.1%
Company having highest exposure
HDFC Bank Ltd (5%)
HDFC Bank Ltd (5.1%)
ICICI Bank Ltd (5.2%)
No of Sectors
13
13
13
Top 5 Sectors Concentration
142%
141.3%
142.5%
Sector having highest exposure
Government (65%)
Government (62.7%)
Government (65.4%)
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Hardik Shah
Hardik Shah
Fund Manager of Axis Children's No Lock in Fund Direct Growth, since 1 February 2023
Devang Shah
Devang Shah
Fund Manager of Axis Children's No Lock in Fund Direct Growth, since 5 April 2024
Fund House
Axis Asset Management Company Limited
Total Schemes
Total AUM
₹3.33L Cr
as on 31-Jan-2025
Address
Axis Asset Management Company Ltd.,Axis House, 1st Floor, C-2, Wadia International Centre,,Pandurang Budhkar Marg, Worli,
Phone
+912243255161
Website
customerservice@axismf.com

Mutual Fund Insights

Insights icon
Over the last 3 months, this fund has experienced a 7.1% drop in AUM moving from 934.89 Cr to 868.75 Cr.
Insights icon
In the last 5 years, HDFC Childrens Gift Fund Direct Plan has given 17.39% return, outperforming this fund by 5.73% per annum.
Insights icon
In the last 1 year, SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth has given 21.8% return, outperforming this fund by 10.16%.
Insights icon
This fund has one of the lowest expense ratio in the category (children). Its expense ratio is 1.26% which is lower than the category average expense ratio of 1.48%.
Insights icon
In the last 3 years, SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth has given 20.47% return, outperforming this fund by 12.48% per annum.

Axis Children's No Lock in Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 11.7% since inception which is more than its category average return of 10.92%
Fund Allocations

Fund Allocations

This fund has an allocation of 70.25% in Equity, 26.03% in Debt and 3.71% in Cash related instruments
AUM size ₹869 Cr

AUM size ₹869 Cr

This fund has AUM of ₹869 Cr which is less than its category average of ₹ 1693 Cr
Expense Ratio 1.26%

Expense Ratio 1.26%

This fund has an expense ratio of 1.26% which is less than its category average expense ratio of 1.67%

Frequently Asked Questions for Axis Children's No Lock in Fund Direct Growth

The current NAV of Axis Children's No Lock in Fund Direct Growth is ₹27.6 as on 17-Feb-2025.
Existing (Absolute + CAGR) as on 17-Feb-2025.
Axis Children's No Lock in Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-2.45%
-2.45%
6 Month Returns
-2.65%
-2.65%
1 Year Returns
11.64%
11.64%
3 Years Returns
25.92%
7.99%
5 Years Returns
73.6%
11.66%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
1.26% as on January 2025
₹869 Cr as on January 2025
HDFC Bank Ltd(4.98%), ICICI Bank Ltd(4.88%), 7.3% Govt Stock 2053(4.76%), Infosys Ltd(4.32%), 7.25% Govt Stock 2063(4.13%) as on January 2025
Financial Services(23.54%), Government(19.33%), Tech(8.51%) as on January 2025
AAA
88.92
AA
8.89
A
2.19
Hardik Shah, Devang Shah are the fund managers of Axis Children's No Lock in Fund Direct Growth
The Exit load of Axis Children's No Lock in Fund Direct Growth is 3%