Axis Children's Gift No Lock in Fund Direct Growth

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

About the Fund

Axis Children's Gift 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, Ashish Naik, R Sivakumar. This fund gives you the benefit of diversification.

Key Parameters

  1. Axis Children's Gift No 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 No Lock in Fund Direct Growth has given a CAGR return of 12.80% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 20.34%, 11.16% and 15.05% respectively.

Holdings

Axis Children's Gift No 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 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 Gift No Lock in Fund Direct Growth of 5 Years

Fund Performance

Fund Overview

Expense ratio1.16%
Benchmark
IISL Nifty 50 TR INR
AUM₹873 Cr
Inception Date8 December, 2015
Min Lumpsum/SIP--/--
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
13.1%

Mid cap
11.3%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
29.4%
Consumer Cyclical
14.4%
Basic Materials
11.7%
Tech
9.8%
Health
9.4%
Industrial
9.3%
Energy
7.2%
Consumer Defensive
3.8%
Real Estate
2.4%
Communication
1.8%
Utilities
0.8%
All changes are between Oct'69 and Dec'69

Hardik Shah
Hardik Shah
Fund Manager of Axis Children's Gift No Lock in Fund Direct Growth, since 1 February 2023
Ashish Naik
Ashish Naik
Fund Manager of Axis Children's Gift No Lock in Fund Direct Growth, since 6 July 2016
R Sivakumar
R Sivakumar
Fund Manager of Axis Children's Gift No Lock in Fund Direct Growth, since 7 June 2016

Mutual Fund Insights

Insights icon
This fund has one of the lowest expense ratio in the category (children). Its expense ratio is 1.16% which is lower than the category average expense ratio of 1.49%.
Insights icon
Over the last 1 month, this fund has experienced a 6.1% growth in AUM moving from 822.9 Cr to 872.78 Cr.
Insights icon
In the last 1 year, SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth has given 44.97% return, outperforming this fund by 24.63%.
Insights icon
In the last 5 years, Tata Young Citizens' Fund (After 7 years) Direct Plan Growth has given 21.55% return, outperforming this fund by 6.5% per annum.
Insights icon
In the last 3 years, SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth has given 29.84% return, outperforming this fund by 18.68% per annum.

Axis Children's Gift 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 12.8% since inception which is less than its category average return of 13.53%
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 ₹ 1664 Cr
Expense Ratio 1.16%

Expense Ratio 1.16%

This fund has an expense ratio of 1.16% which is less than its category average expense ratio of 1.7%

Frequently Asked Questions

The current NAV of Axis Children's Gift No Lock in Fund Direct Growth is ₹28.32 as on 23-Jul-2024.
Existing (Absolute + CAGR) as on 23-Jul-2024.
Axis Children's Gift No Lock in Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.75%
2.75%
6 Month Returns
15.38%
15.38%
1 Year Returns
20.34%
20.34%
3 Years Returns
37.37%
11.16%
5 Years Returns
101.58%
15.05%
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.
1.16% 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
89.47
AA
7.91
A
2.62
Hardik Shah, Ashish Naik, R Sivakumar are the fund managers of Axis Children's Gift No Lock in Fund Direct Growth
The Exit load of Axis Children's Gift No Lock in Fund Direct Growth is 3%