Axis Children's Gift Lock in Fund Direct Growth

Hybrid
Direct
Children
Axis Children's Gift Lock in Fund Direct Growth

About the Fund

Axis Children's Gift Lock in Fund Direct Growth is a hybrid fund. This fund was started on 8 December, 2015. The fund is managed by R Sivakumar, Ashish Naik, Hardik Shah. This fund gives you the benefit of diversification.

Key Parameters

  1. Axis Children's Gift Lock in Fund Direct Growth has ₹873 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 1.2.

Returns

Axis Children's Gift Lock in Fund Direct Growth has given a CAGR return of 12.59% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 21.31%, 11.47% and 14.53% respectively.

Holdings

Axis Children's Gift Lock in Fund Direct Growth has allocated its funds majorly in Government, Financial Services, Corporate, Consumer Cyclical, Basic Materials, Tech, Health, Cash Equivalent, Industrial, Energy, Consumer Defensive, Real Estate, Communication, 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 Gift 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 1000.00. There is a lock in period for Axis Children's Gift Lock in Fund Direct Growth of 5 Years

Fund Performance
zero opening, trading, fund transfer fee
22 people have invested ₹ 61.5K in Axis Children's Gift Lock in Fund Direct Growth in the last three months

Fund Overview

Expense ratio1.19%
Benchmark
IISL Nifty 50 TR INR
AUM₹873 Cr
Inception Date8 December, 2015
Min Lumpsum/SIP₹5000/₹1000
Exit Load
3%
Lock In5 Years
TurnOver
88.41%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 76.3%

  • Debt & Cash 23.7%

Large cap
49.6%

Small cap
13.6%

Mid cap
11.3%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
28.3%
Consumer Cyclical
13.2%
Industrial
12.2%
Basic Materials
11.5%
Health
9.9%
Tech
8.8%
Energy
7.2%
Consumer Defensive
4.2%
Real Estate
2.9%
Communication
1.8%
All changes are between Oct'69 and Dec'69

R Sivakumar
R Sivakumar
Fund Manager of Axis Children's Gift Lock in Fund Direct Growth, since 7 June 2016
Ashish Naik
Ashish Naik
Fund Manager of Axis Children's Gift Lock in Fund Direct Growth, since 6 July 2016
Hardik Shah
Hardik Shah
Fund Manager of Axis Children's Gift Lock in Fund Direct Growth, since 1 February 2023

Mutual Fund Insights

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In the last 5 years, Tata Young Citizens' Fund (After 7 years) Direct Plan Growth has given 20.77% return, outperforming this fund by 6.25% per annum.
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In the last 3 years, SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth has given 32.18% return, outperforming this fund by 20.71% per annum.
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This fund has one of the lowest expense ratio in the category (children). Its expense ratio is 1.19% which is lower than the category average expense ratio of 1.5%.
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Over the last 3 months, this fund has experienced a 10.4% growth in AUM moving from 790.7 Cr to 872.78 Cr.
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In the last 1 year, SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth has given 46.79% return, outperforming this fund by 25.47%.
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Over the last 3 months, this fund has increased expense ratio by 30.8% moving from 0.91 to 1.19.

Axis Children's Gift 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 12.59% since inception which is less than its category average return of 13.63%
Fund Allocations

Fund Allocations

This fund has an allocation of 76.32% in Equity, 21.68% in Debt and 2% in Cash related instruments
AUM size ₹873 Cr

AUM size ₹873 Cr

This fund has AUM of ₹873 Cr which is less than its category average of ₹ 1641 Cr
Expense Ratio 1.19%

Expense Ratio 1.19%

This fund has an expense ratio of 1.19% which is less than its category average expense ratio of 1.71%

Frequently Asked Questions

The current NAV of Axis Children's Gift Lock in Fund Direct Growth is ₹27.7 as on 10-Jul-2024.
Existing (Absolute + CAGR) as on 10-Jul-2024.
Axis Children's Gift Lock in Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
5.09%
5.09%
6 Month Returns
12.9%
12.9%
1 Year Returns
21.31%
21.31%
3 Years Returns
38.53%
11.47%
5 Years Returns
97.02%
14.53%
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.
1.19% as on June 2024
₹873 Cr as on June 2024
ICICI Bank Ltd(5.27%), HDFC Bank Ltd(5.08%), 7.3% Govt Stock 2053(4.72%), Reliance Industries Ltd(4.24%), 7.25% Govt Stock 2063(4.09%) as on June 2024
Financial Services(22.47%), Government(14.83%), Consumer Cyclical(10.96%) as on June 2024
AAA
92.24
AA
5.19
A
2.57
R Sivakumar, Ashish Naik, Hardik Shah are the fund managers of Axis Children's Gift Lock in Fund Direct Growth
The Exit load of Axis Children's Gift Lock in Fund Direct Growth is 3%