Axis Children's Gift Direct No Lock in Growth

Axis Children's Gift Direct No Lock in Growth

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Hybrid
Direct
Children

NAV: ₹ 23.6 as on 21-09-2023

Fund Performance

Fund Insights

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This fund has one of the lowest expense ratio in the category (children). Its expense ratio is 0.95% which is lower than the category average expense ratio of 1.54%.
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In the last 5 years, HDFC Childrens Gift Fund Direct Plan(Lock-in) has given 15.44% return, outperforming this fund by 3.5% per annum.
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In the last 1 year, SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth has given 22.65% return, outperforming this fund by 15.84%.
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In the last 3 years, Tata Young Citizens' Fund (After 7 years) Direct Plan Growth has given 23.71% return, outperforming this fund by 8.27% per annum.

About the Fund

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

Key Parameters

  1. Axis Children's Gift Direct No Lock in Growth has ₹751 Cr worth of assets under management (AUM) as on Aug 2023 and is less than category average.
  2. The fund has an expense ratio 1.

Axis Children's Gift Direct No Lock in Growth Overview

Expense ratio
Expense ratio
0.95%
Benchmark
Benchmark
IISL Nifty 50 TR INR
AUM
AUM
₹751 Cr
Inception Date
Inception Date
8 December, 2015
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹0
Exit Load
Exit Load
3%
Lock In
Lock In
5 Years
TurnOver
TurnOver
88.41%

Fund Distribution as on (31-Aug-23)

  • Equity 74.4%

  • Debt & Cash 25.6%

Size breakup

Large cap
56.2%
Small cap
9.7%
Mid cap
6.4%

Sector Allocation

Aug'23

Jul'23

Jun'23

Financial Services

30.6%

Basic Materials

14.2%

Consumer Cyclical

11.5%

Tech

11.2%

Industrial

8.8%

Consumer Defensive

8.5%

Health

7.4%

Energy

6.1%

Real Estate

1.6%

Top Holdings of Axis Children's Gift Direct No Lock in Growth as on (31-Aug-23)

  • Equity

  • Debt & Cash

Equity Holdings45
Debt Holdings9

Axis Children's Gift Direct No Lock in Growth: Monthly Changes Updates

All changes are between Oct'69 and Dec'69

AUM Change

Parameters
Aug'23
Jul'23
Jun'23
AUM
₹ 751.3 Cr
₹ 758.4 Cr
₹ 749 Cr
  • AUM of the fund stands at 751.3 Cr as of Aug'23
  • AUM decreased by 7.1 Cr between Aug'23 and Jul'23

Fund Portfolio Changes

Axis Children's Gift Direct No Lock in Growth Fund Manager

Ashish Naik

Ashish Naik

Fund Manager of Axis Children's Gift Direct No Lock in Growth, since 6 July 2016
R Sivakumar

R Sivakumar

Fund Manager of Axis Children's Gift Direct No Lock in Growth, since 7 June 2016
Hardik Shah

Hardik Shah

Fund Manager of Axis Children's Gift Direct No Lock in Growth, since 1 February 2023

Fund Highlights

Risk meter
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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 11.78% since inception which is less than its category average return of 12.3%
Fund Allocations

Fund Allocations

This fund has an allocation of 74.45% in Equity, 23.45% in Debt and 2.1% in Cash related instruments
AUM size ₹751 Cr

AUM size ₹751 Cr

This fund has AUM of ₹751 Cr which is less than its category average of ₹ 1439 Cr
Expense Ratio 0.95%

Expense Ratio 0.95%

This fund has an expense ratio of 0.95% which is less than its category average expense ratio of 1.75%

Frequently Asked Questions

The current NAV of Axis Children's Gift Direct No Lock in Growth is ₹23.59 as on 21-Sep-2023.
Existing (Absolute + CAGR) as on 21-Sep-2023.
Axis Children's Gift Direct No Lock in Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.26%
3.26%
6 Month Returns
14.73%
14.73%
1 Year Returns
6.81%
6.81%
3 Years Returns
53.83%
15.44%
5 Years Returns
75.8%
11.94%
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.
0.95% as on August 2023
₹751 Cr as on August 2023
7.38% Govt Stock 2027(14.74%), HDFC Bank Ltd(5.38%), Bajaj Finance Ltd(5.18%), ICICI Bank Ltd(4.89%), Reliance Industries Ltd(4.43%) as on August 2023
Financial Services(22.81%), Government(20.84%), Basic Materials(10.6%) as on August 2023
AAA
100
Ashish Naik, R Sivakumar, Hardik Shah are the fund managers of Axis Children's Gift Direct No Lock in Growth
The Exit load of Axis Children's Gift Direct No Lock in Growth is 3%