Axis Equity Saver Fund Direct Plan Growth
Axis Equity Saver Fund Direct Plan Growth

Axis Equity Saver Fund Direct Plan Growth

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Hybrid
Direct
Equity Savings

NAV: ₹ 19.2 as on 01-06-2023

Fund Performance
zero opening, trading, fund transfer fee
95 people have invested ₹ 19.3L in Axis Equity Saver Fund Direct Plan Growth in the last three months

Fund Insights

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In the last 1 year, UTI Equity Savings Fund Direct Growth has given 11.55% return, outperforming Axis Equity Saver Fund Direct Plan Growth by 2.76%

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In the last 3 years, HSBC Equity Savings Direct Plan Growth Plan has given 16.59% return, outperforming Axis Equity Saver Fund Direct Plan Growth by 3.35% per annum

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In the last 5 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 10.62% return, outperforming Axis Equity Saver Fund Direct Plan Growth by 1.8% per annum

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Over the last 1 year, Axis Equity Saver Fund Direct Plan Growth has increased expense ratio by 4.8% moving from 0.84 to 0.88

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Axis Equity Saver Fund Direct Plan Growth has one of the lowest expense ratio in the category (equity savings). Its expense ratio is 0.88% which is lower than the category average expense ratio of 1.19%

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Over the last 6 months, Axis Equity Saver Fund Direct Plan Growth has experienced a 18.0% drop in AUM moving from 1.14K Cr to 939.82 Cr

INDmoney Rank

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7
/7
8% Performance
54% Risk Management
31% Cost
7 out of 7 among equity savings

About the Fund

Axis Equity Saver Fund Direct Plan Growth is a hybrid fund. This fund was started on 14 August, 2015. The fund is managed by Hitesh Das, R Sivakumar, Hardik Shah. This fund gives you the benefit of diversification.

Key parameters

1) Axis Equity Saver Fund Direct Plan Growth has a NAV of 19.2 as on 01-06-2023.

2) Axis Equity Saver Fund Direct Plan Growth has 940 Cr worth of assets under management (AUM) as on 30-04-2023 and is more than category average.

3) The fund has an expense ratio 0.88 %.

Axis Equity Saver Fund Direct Plan Growth Overview

Expense ratio
Expense ratio
0.88%
Benchmark
Benchmark
NIFTY Equity Savings TR INR
AUM
AUM
₹940 Cr
Inception Date
Inception Date
14 August, 2015
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹100
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
386.7%

Fund Distribution as on (30-Apr-23)

  • Equity 41.6%

  • Debt & Cash 58.4%

Size breakup

Large cap
60.7%
Mid cap
6.1%
Small cap
0.5%

Sector Allocation

Apr'23

Mar'23

Feb'23

Financial Services

50.2%

Energy

11.6%

Tech

9.5%

Basic Materials

8.7%

Consumer Cyclical

7%

Consumer Defensive

6.9%

Health

2.9%

Industrial

2.6%

Communication

0.6%

Top Holdings of Axis Equity Saver Fund Direct Plan Growth as on (31-May-23)

  • Equity

Equity Holdings55

Axis Equity Saver Fund Direct Plan Growth: Monthly Changes Updates

All changes are between Feb'23 and Apr'23

Fund Performance

Apr'23
Mar'23
Feb'23
Fund Returns
-0.11%
-0.11%
-0.11%
Equity Savings Index
-0.32%
-0.32%
-0.32%
  • This fund’s returns stands at -0.11% whereas the fund’s underlying benchmark Equity Savings Index returns stands at -0.32% as on Apr'23
  • This fund outperformed Equity Savings Index by 0.21% in Apr'23

AUM Change

Parameters
Apr'23
Mar'23
Feb'23
AUM
₹ 939.8 Cr
₹ 944 Cr
₹ 978.7 Cr
  • AUM of the fund stands at 939.8 Cr as of Apr'23
  • AUM decreased by 4.2 Cr between Apr'23 and Mar'23

Fund Portfolio Changes

Axis Equity Saver Fund Direct Plan Growth Fund Manager

Hitesh Das

Hitesh Das

Fund Manager of Axis Equity Saver Fund Direct Plan Growth, since 17 January 2023
R Sivakumar

R Sivakumar

Fund Manager of Axis Equity Saver Fund Direct Plan Growth, since 14 August 2015
Hardik Shah

Hardik Shah

Fund Manager of Axis Equity Saver Fund Direct Plan Growth, since 1 February 2023

Fund Highlights

Risk meter
pointer

Moderately High risk

Investors understand that their principal will be at Moderately High risk
About the fund

About the fund

This fund has delivered an average annual returns of 8.73% since inception which is more than its category average return of 7.38%
Fund Allocations

Fund Allocations

This fund has an allocation of 41.57% in Equity, 22.98% in Debt and 35.45% in Cash related instruments
AUM size ₹940 Cr

AUM size ₹940 Cr

This fund has AUM of ₹940 Cr which is more than its category average of ₹ 758 Cr
Expense Ratio 0.88%

Expense Ratio 0.88%

This fund has an expense ratio of 0.88% which is less than its category average expense ratio of 1.23%

Frequently Asked Questions

The current NAV of Axis Equity Saver Fund Direct Plan Growth is ₹19.2 as on 01-Jun-2023.
Existing (Absolute + CAGR) as on 01-Jun-2023.
Axis Equity Saver Fund Direct Plan Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.35%
2.35%
6 Month Returns
1.59%
1.59%
1 Year Returns
8.78%
8.78%
3 Years Returns
45.23%
13.25%
5 Years Returns
52.62%
8.82%
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0.88% as on May 2023
₹940 Cr as on May 2023
HDFC Bank Ltd(9.63%), ICICI Bank Ltd(7.91%), Reliance Industries Ltd(7.7%), Kotak Mahindra Bank Ltd(5.39%), IndusInd Bank Ltd(3.26%) as on May 2023
Cash Equivalent(35.42%), Financial Services(20.88%), Government(15.8%) as on May 2023
AAA
100
Hitesh Das, R Sivakumar, Hardik Shah are the fund managers of Axis Equity Saver Fund Direct Plan Growth
The Exit load of Axis Equity Saver Fund Direct Plan Growth is 1%