Axis Equity Saver Fund Direct Plan Growth
Hybrid
Direct
Equity Savings
NAV: ₹ 19.2 as on 01-06-2023
Fund Performance
95 people have invested ₹ 19.3L in Axis Equity Saver Fund Direct Plan Growth in the last three months
Fund Insights
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%
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
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
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
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%
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
Powered by IND quant engine
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
 | 0.88% |
 Benchmark | NIFTY Equity Savings TR INR |
 | ₹940 Cr |
 | 14 August, 2015 |
 | ₹500/₹100 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 386.7% |
Fund Distribution as on (30-Apr-23)
Size breakup
Large cap
60.7%
Mid cap
6.1%
Small cap
0.5%
Sector Allocation
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 Holdings55
Axis Equity Saver Fund Direct Plan Growth: Monthly Changes Updates
All changes are between Feb'23 and Apr'23
Fund Performance
- 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
- 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
Peer Analysis
Axis Equity Saver Fund Direct Plan Growth Fund Manager
Hitesh Das
Fund Manager of Axis Equity Saver Fund Direct Plan Growth, since 17 January 2023
Top funds managed
R Sivakumar
Fund Manager of Axis Equity Saver Fund Direct Plan Growth, since 14 August 2015
Top funds managed
Hardik Shah
Fund Manager of Axis Equity Saver Fund Direct Plan Growth, since 1 February 2023
Top funds managed
Fund Highlights
Moderately High risk
Investors understand that their principal will be at Moderately High risk
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
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
This fund has AUM of ₹940 Cr which is more than its category average of ₹ 758 Cr
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% |
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.
0.88% 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%