Axis Growth Opportunities Fund Direct Growth

Axis Growth Opportunities Fund Direct Growth

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Equity
Direct
Large & Mid-Cap
NAV: ₹ 29.36 as on 23-02-2024
Fund Performance
zero opening, trading, fund transfer fee
10913 people have invested ₹ 6.8Cr in Axis Growth Opportunities Fund Direct Growth in the last three months

Mutual Fund Insights

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This fund has one of the lowest expense ratio in the category (large & mid-cap). Its expense ratio is 0.57% which is lower than the category average expense ratio of 1.23%.
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In the last 1 year, Quant Large and Mid Cap Fund Growth Option Direct Plan has given 60.58% return, outperforming this fund by 17.85%.
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In the last 5 years, Quant Large and Mid Cap Fund Growth Option Direct Plan has given 28.27% return, outperforming this fund by 4.96% per annum.
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In the last 3 years, Quant Large and Mid Cap Fund Growth Option Direct Plan has given 33.32% return, outperforming this fund by 11.92% per annum.
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Over the last 1 month, this fund has increased expense ratio by 3.6% moving from 0.55 to 0.57.

INDmoney Rank of Axis Growth Opportunities Fund Direct Growth

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9
/21
65% Performance
47% Risk Management
82% Cost
9 out of 21 among large & mid-cap

Pros

5Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y

Cons

Highly volatile within category

About the Axis Growth Opportunities Fund Direct Growth

Axis Growth Opportunities Fund is a mutual fund designed to provide investors with long-term capital appreciation by investing primarily in equity and equity-related instruments of growth-oriented companies. Growth oriented companies are firms whose revenues or business generally grows faster than the industry average.

The investment strategy of the fund focuses on identifying high-quality businesses with strong growth potential across various sectors and market capitalizations. The fund invests in companies like HDFC, HUL and Infosys.

Key Parameters

  1. Axis Growth Opportunities Fund Direct Growth has ₹10849 Cr worth of assets under management (AUM) as on Jan 2024 and is more than category average.
  2. The fund has an expense ratio 0.6.

Axis Growth Opportunities Fund Direct Growth Overview

Expense ratio
Expense ratio
0.57%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹10849 Cr
Inception Date
Inception Date
22 October, 2018
Min Lumpsum/SIP
Min Lumpsum/SIP
₹100/₹100
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
23.24%

Axis Growth Opportunities Fund Direct Growth Distribution as on (31-Jan-24)

  • Equity 97.5%

  • Debt & Cash 2.5%

Size breakup

Large cap
55.5%
Mid cap
35.8%
Small cap
6.2%
Sector Allocation

Jan'24

Dec'23

Nov'23

Financial Services
18.3%
Tech
15.7%
Consumer Cyclical
14.6%
Industrial
12%
Health
12%
Utilities
6.8%
Consumer Defensive
5.3%
Basic Materials
5.2%
Communication
4.7%
Real Estate
2.7%
Energy
2.7%

Top Holdings of Axis Growth Opportunities Fund Direct Growth as on (31-Jan-24)

  • Equity

Equity Holdings102

Axis Growth Opportunities Fund Direct Growth: Monthly Changes Updates

All changes are between Nov'23 and Jan'24
Fund Performance
Jan'24
Dec'23
Nov'23
Fund Returns
1.09%
4.27%
7.60%
NIFTY 500
1.71%
7.25%
7.50%
  • This fund’s returns stands at 1.09% whereas the fund’s underlying benchmark NIFTY 500 returns stands at 1.71% as on Jan'24
  • This fund underperformed NIFTY 500 by 0.62% in Jan'24
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 10.8K Cr
₹ 10.7K Cr
₹ 10.4K Cr
  • AUM of the fund stands at 10.8K Cr as of Jan'24
  • AUM increased by 127.1 Cr between Jan'24 and Dec'23
Fund Portfolio Changes

Gainers & Losers in Axis Growth Opportunities Fund Direct Growth portfolio Returns for the month of Jan

Axis Growth Opportunities Fund Direct Growth Fund Manager

Shreyash Devalkar
Shreyash Devalkar
Fund Manager of Axis Growth Opportunities Fund Direct Growth, since 4 August 2023

Axis Growth Opportunities 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 22.35% since inception which is more than its category average return of 16.64%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.54% in Equity, 0% in Debt and 2.46% in Cash related instruments
AUM size ₹10849 Cr

AUM size ₹10849 Cr

This fund has AUM of ₹10849 Cr which is more than its category average of ₹ 5738 Cr
Expense Ratio 0.57%

Expense Ratio 0.57%

This fund has an expense ratio of 0.57% which is less than its category average expense ratio of 1.33%

Frequently Asked Questions

The current NAV of Axis Growth Opportunities Fund Direct Growth is ₹29.36 as on 23-Feb-2024.
Existing (Absolute + CAGR) as on 23-Feb-2024.
Axis Growth Opportunities Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
6.57%
6.57%
6 Month Returns
19.98%
19.98%
1 Year Returns
42.73%
42.73%
3 Years Returns
78.92%
21.4%
5 Years Returns
185.05%
23.31%
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0.57% as on January 2024
₹10849 Cr as on January 2024
Torrent Power Ltd(5.41%), Cholamandalam Investment and Finance Co Ltd(3.9%), Sundaram Finance Ltd(3.19%), Coforge Ltd(3.18%), Bajaj Finance Ltd(2.94%) as on January 2024
Financial Services(17.82%), Tech(15.32%), Consumer Cyclical(14.27%) as on January 2024
The alpha ratio for the Axis Growth Opportunities Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Axis Growth Opportunities Fund Direct Growth
4.85
-0.93
3.72
As on January 2024
The alpha for Axis Growth Opportunities Fund Direct Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Axis Growth Opportunities Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Axis Growth Opportunities Fund Direct Growth
0.75
0.96
0.82
As on January 2024
The Beta for Axis Growth Opportunities Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Axis Growth Opportunities Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Axis Growth Opportunities Fund Direct Growth
2.26
1.12
0.95
As on January 2024
The sharpe ratio for Axis Growth Opportunities Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Axis Growth Opportunities Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Axis Growth Opportunities Fund Direct Growth
11.57
15.11
17.72
As on January 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.21 as on January 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Shreyash Devalkar is the fund manager of Axis Growth Opportunities Fund Direct Growth
The Exit load of Axis Growth Opportunities Fund Direct Growth is 1%