Axis Small Cap Fund Direct Growth

Equity
Direct
Small-Cap
Axis Small Cap Fund Direct Growth

About the Fund

Axis Small Cap Fund Direct Growth is a mutual fund that primarily invests in small-cap companies with strong fundamentals and growth potential. The fund is managed by experienced professionals who use a bottom-up approach to identify high-growth small-cap companies across different sectors such as healthcare, technology, consumer goods, and financial services. The objective of this fund is to provide long-term capital appreciation to investors who are willing to take high risks for potentially high returns.

Small-cap companies typically have higher growth potential than large-cap companies, but they also come with higher risks due to their size and liquidity. Therefore, Axis Small Cap Fund Direct Growth is suitable for investors who are comfortable with taking risks and have a long-term investment horizon.

Key Parameters

  1. Axis Small Cap Fund Direct Growth has ₹20504 Cr worth of assets under management (AUM) as on May 2024 and is more than category average.
  2. The fund has an expense ratio 0.5.

Returns

Axis Small Cap Fund Direct Growth has given a CAGR return of 25.85% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 39.19%, 27.24% and 29.67% respectively.

Holdings

Axis Small Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Financial Services, Health, Basic Materials, Consumer Cyclical, Tech, Real Estate, Consumer Defensive, Government, Utilities. Its top holdings are Brigade Enterprises Ltd, Blue Star Ltd, Cholamandalam Financial Holdings Ltd, Narayana Hrudayalaya Ltd, Birlasoft Ltd

Taxation

As it is a small-cap mutual fund the taxation is as follows:
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
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Axis Small Cap Fund Direct Growth

To generate long-term capital appreciation from a diversified portfolio of predominantly equity & equity related instruments of small cap companies.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Axis Small Cap Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
95610 people have invested ₹ 39Cr in Axis Small Cap Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
9
/17
44% Performance
61% Risk Management
85% Cost
9 out of 17 among small-cap
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Lower volatility within category
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Protects capital during bear phase
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Beats FD returns for both 3Y & 5Y
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Underperforms benchmarks during bull run

Fund Overview

Expense ratio0.52%
Benchmark
S&P BSE Smallcap TR INR
AUM₹20504 Cr
Inception Date5 December, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load
1%
Lock InNo Lock-in
TurnOver
4.9%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-May-24)

  • Equity 90.5%

  • Debt & Cash 9.5%

Small cap
72.7%

Mid cap
14.7%

Large cap
3.7%

Sector Allocation

May'24

Apr'24

Mar'24

Industrial
24.5%
Financial Services
18.1%
Health
13.5%
Basic Materials
11.9%
Consumer Cyclical
11.2%
Tech
8.3%
Real Estate
6.5%
Consumer Defensive
5.1%
Utilities
0.7%
All changes are between Mar'24 and May'24

Returns for the month of May

  • Gainers

  • Losers

Shreyash Devalkar
Shreyash Devalkar
Fund Manager of Axis Small Cap Fund Direct Growth, since 1 March 2023

Mutual Fund Insights

Insights icon
In the last 3 years, Quant Small Cap Fund Growth Option Direct Plan has given 36.18% return, outperforming this fund by 8.95% per annum.
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Over the last 6 months, this fund has experienced a 14.4% growth in AUM moving from 17.91K Cr to 20.50K Cr.
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In the last 1 year, Bandhan Small Cap Fund Direct Growth has given 71.88% return, outperforming this fund by 32.7%.
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Over the last 15 months, this fund has increased expense ratio by 2.0% moving from 0.51 to 0.52.
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This fund has one of the lowest expense ratio in the category (small-cap). Its expense ratio is 0.52% which is lower than the category average expense ratio of 1.16%.
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In the last 5 years, Quant Small Cap Fund Growth Option Direct Plan has given 44.65% return, outperforming this fund by 14.98% per annum.

Axis Small Cap 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 25.85% since inception which is more than its category average return of 21.39%
Fund Allocations

Fund Allocations

This fund has an allocation of 90.46% in Equity, 0% in Debt and 9.54% in Cash related instruments
AUM size ₹20504 Cr

AUM size ₹20504 Cr

This fund has AUM of ₹20504 Cr which is more than its category average of ₹ 6871 Cr
Expense Ratio 0.52%

Expense Ratio 0.52%

This fund has an expense ratio of 0.52% which is less than its category average expense ratio of 1.2%

Frequently Asked Questions

The current NAV of Axis Small Cap Fund Direct Growth is ₹112.88 as on 19-Jun-2024.
Existing (Absolute + CAGR) as on 19-Jun-2024.
Axis Small Cap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
6.76%
6.76%
6 Month Returns
17.17%
17.17%
1 Year Returns
39.19%
39.19%
3 Years Returns
105.99%
27.24%
5 Years Returns
266.61%
29.67%
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.
0.52% as on May 2024
₹20504 Cr as on May 2024
Brigade Enterprises Ltd(4.49%), Blue Star Ltd(3.89%), Cholamandalam Financial Holdings Ltd(2.82%), Narayana Hrudayalaya Ltd(2.75%), Birlasoft Ltd(2.56%) as on May 2024
Industrial(22.14%), Financial Services(16.41%), Health(12.18%) as on May 2024
The alpha ratio for the Axis Small Cap Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Axis Small Cap Fund Direct Growth
1.71
5.77
6.72
As on May 2024
The alpha for Axis Small Cap Fund Direct Growth is calculated against S&P BSE Smallcap 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 Small Cap Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Axis Small Cap Fund Direct Growth
0.56
0.61
0.71
As on May 2024
The Beta for Axis Small Cap Fund Direct Growth is calculated with S&P BSE Smallcap 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 Small Cap Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Axis Small Cap Fund Direct Growth
2.44
1.5
1.1
As on May 2024
The sharpe ratio for Axis Small Cap Fund Direct Growth is calculated with S&P BSE Smallcap 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 Small Cap Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Axis Small Cap Fund Direct Growth
10.31
11.79
19.62
As on May 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 3.1 as on May 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Shreyash Devalkar is the fund manager of Axis Small Cap Fund Direct Growth
The Exit load of Axis Small Cap Fund Direct Growth is 1%