Axis Equity Saver Fund Direct-IDCW
(Scheme Rating)
NAV as of Aug 29, 2024
14.200.00%
- IDCW - Direct
(Earn upto 1.22% Extra Returns with Direct Plan)
Fund Category:
Hybrid: Equity Savings
Expense Ratio:
1.03%(0.66% Category
average)Fund Size:
Rs. 982.84 Cr(2.68% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Axis Equity Saver Fund Direct-IDCW
(Scheme Rating)
NAV as of Aug 29, 2024
14.200.00%
Expense Ratio:
1.03%
Fund Size:
Rs. 982.84 Cr
Fund Category:
Hybrid: Equity Savings
1. Current NAV: The Current Net Asset Value of the Axis Equity Saver Fund - Direct Plan as of Aug 29, 2024 is Rs 14.20 for IDCW option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 20.88% (1yr), 10.5% (3yr), 12.28% (5yr) and 10.23% (since launch). Whereas, Category returns for the same time duration are: 16.41% (1yr), 9.59% (3yr) and 10.42% (5yr).
3. Fund Size: The Axis Equity Saver Fund - Direct Plan currently holds Assets under Management worth of Rs 982.84 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 1.03% for Direct plan as on Aug 23, 2024.
5. Exit Load: Axis Equity Saver Fund - Direct Plan shall attract an Exit Load, "Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 months."
6. Minimum Investment: Minimum investment required is Rs 500 and minimum additional investment is Rs 500. Minimum SIP investment is Rs 100.
Axis Equity Saver Fund Direct-IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 1.39 6.67 9.03 20.81 10.51 12.37 Category Avg 0.83 4.98 7.91 16.25 9.56 10.49 Rank within Category 5 4 7 4 12 10 No. of funds within Category 22 22 22 22 22 22 - Loading...
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Return Comparison
- This Fund
- BenchmarkEdelweiss Equity Savings Direct-IDCW
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Axis Equity Saver Fund Direct-IDCW Fund Details
Investment Objective - The scheme seeks to provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments.
Fund House | Axis Mutual Fund |
Launch Date | Jul 04, 2016 |
Benchmark | NIFTY Equity Savings Total Return Index |
Return Since Launch | 10.23% |
Riskometer | Moderately High |
Type | Open-ended |
Risk Grade | Above Average |
Return Grade | Average |
Axis Equity Saver Fund Direct-IDCW Investment Details
Minimum Investment (Rs.) | 500.00 |
Minimum Additional Investment (Rs.) | 500.00 |
Minimum SIP Investment (Rs.) | 100.00 |
Minimum Withdrawal (Rs.) | 1,000.00 |
Exit Load Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 months. |
Portfolio Allocation
Equity
Debt
Asset Allocation
Loading...Asset Allocation History
Loading...EquityDebtCashSector Allocation
Loading...Market Cap Allocation
Loading...Concentration & Valuation Analysis
JUL 2024 JUN 2024 MAY 2024 APR 2024 MAR 2024 FEB 2024 Number of Holdings 168 164 168 166 163 154 Top 5 Company Holdings 31.32% 29.83% 27.1% 25.66% 27.43% 24.59% Top 10 Company Holdings 43.83% 43.04% 39.93% 38.97% 45.78% 41.37% Company with Highest Exposure HDFC Bank (8.85%) Reliance Industries (8.34%) Reliance Industries (7.94%) Reliance Industries (6.88%) Reliance Industries (7.21%) Reliance Industries (6.78%) Number of Sectors 13 14 14 14 14 15 Top 3 Sector Holdings 22.15% 19.87% 17.84% 18.16% 18.84% 18.38% Top 5 Sector Holdings 28.67% 27.62% 25.3% 26.28% 26.5% 26.18% Sector with Highest Exposure Financial (10.97%) Financial (8.21%) Financial (7.37%) Financial (7.13%) Financial (7.08%) Technology (7.14%)
Top Stock Holdings
Sector Holdings in MF
Debt Holdings in Portfolio
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) HDFC Bank Financial 8.85 18.27 89.60 3.03 Reliance Industries Energy 7.65 29.72 101.60 25.68 Bank Nifty Financial 4.48 - - - Larsen & Toubro Construction 3.59 38.15 97.11 35.47 Tata Consultancy Technology 2.75 35.15 129.55 33.64 Hindustan Unilever Consumer Staples 2.48 63.17 43.98 10.26 ICICI Bank Financial 2.44 18.65 65.91 26.26 Mahindra & Mahindra Automobile 2.31 31.59 88.80 76.67 Infosys Technology 2.03 30.28 64.20 36.38 Tata Steel Metals & Mining 2.01 -46.38 -3.29 27.95
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Axis Equity Saver Fund Direct-IDCW 14.20 982.84 1.39 20.81 10.51 12.37 Edelweiss Equity Savings Fund Direct-IDCW 18.87 450.33 1.35 18.53 11.07 12.51 UTI Equity Savings Fund Direct-IDCW 18.57 441.64 0.88 17.96 12.43 12.73 Mirae Asset Equity Savings Fund Direct-IDCW 14.45 1,188.86 1.17 19.39 11.74 14.28 HDFC Equity Savings Direct Plan-IDCW 15.66 4,872.62 1.01 19.19 12.09 13.02
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
High Volatality
5.87VS4.48Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
0.99VS0.70Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Poor risk-adjusted returns
0.89VS1.12Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Poor risk-adjusted returns
5.29VS7.33Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Poor risk-adjusted returns
0.30VS1.50Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
10.76VS10.51Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Axis Mutual Fund News
Fund Manager
- D.S.Devang ShahSince Apr 202410 schemes
- H.D.Hitesh DasSince Jan 20237 schemes
- H.S.Hardik ShahSince Feb 20239 schemes
- M.H.Mayank HyankiSince May 20245 schemes
Mr. Shah is B.Com and ACA. Prior to joining Axis AMC he has worked with ICICI Prudential AMC, Deutsche Asset Management (India) Pvt. Ltd. and Pricewaterhouse Coopers.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Axis Corporate Debt Fund Direct-IDCW Corporate Bond 13.07 5,511.39 8.28 Axis Short Term Direct Fund-IDCW Short Duration 19.13 8,413.57 8.13 Axis Balanced Advantage Fund Direct-IDCW Dynamic Asset Allocation 15.15 2,466.12 31.78 Axis All Seasons Debt FoF Direct-IDCW Dynamic Bond 13.68 136.30 9.09 Axis Gilt Fund Direct Plan-IDCW Gilt 10.13 436.09 10.39 Axis Retirement Savings Fund - Conservative Plan Direct-IDCW Conservative Hybrid 16.71 77.49 22.32 Axis Retirement Savings Fund - Aggressive Plan Direct-IDCW Aggressive Hybrid 19.92 930.43 38.87 Axis Retirement Savings Fund - Dynamic Plan Direct-IDCW Dynamic Asset Allocation 21.28 383.99 42.52 Axis Equity Hybrid Fund Direct-IDCW Aggressive Hybrid 15.84 1,682.75 28.63 Axis CRISIL IBX 70:30 CPSE Plus SDL April 2025 Index Fund Direct-IDCW Target Maturity 11.46 Unrated 572.69 7.27 Mr. Das is a PGDM, M.Tech, B.Tech Prior to joining Axis Mutual Fund, he has worked with Barclays Securities India Pvt. Ltd., Credit Suisse Securities (India) Pvt. Ltd., Ebusinessware (India) Pvt. Ltd., Yes Bank.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Axis Growth Opportunities Fund Direct-IDCW Large & MidCap 27.64 13,883.28 43.64 Axis Flexi Cap Fund Direct-IDCW Flexi Cap 19.90 13,031.39 38.35 Axis Focused Direct Plan-IDCW Flexi Cap 37.86 14,074.71 32.52 Axis Nifty 50 Index Fund Direct-IDCW Large Cap 14.99 Unrated 510.52 31.11 Axis Nifty IT Index Fund Direct-IDCW Sectoral-Technology 14.46 Unrated 128.17 40.23 Axis Multicap Fund Direct-IDCW Multi Cap 18.46 Unrated 6,290.99 56.00 Axis ESG Integration Strategy Fund Direct-IDCW Thematic-ESG 18.51 Unrated 1,436.61 38.61 Mr. Shah has done B.E. Information Technology and MBA Finance. Prior to joining Axis Mutual Fund, he has worked with Nippon India Mutual Fund, Quantum Asset Management Company and ICAP India (P) Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Axis Corporate Debt Fund Direct-IDCW Corporate Bond 13.07 5,511.39 8.28 Axis All Seasons Debt FoF Direct-IDCW Dynamic Bond 13.68 136.30 9.09 Axis Balanced Advantage Fund Direct-IDCW Dynamic Asset Allocation 15.15 2,466.12 31.78 Axis Retirement Savings Fund - Dynamic Plan Direct-IDCW Dynamic Asset Allocation 21.28 383.99 42.52 Axis Retirement Savings Fund - Aggressive Plan Direct-IDCW Aggressive Hybrid 19.92 930.43 38.87 Axis Retirement Savings Fund - Conservative Plan Direct-IDCW Conservative Hybrid 16.71 77.49 22.32 Axis CRISIL IBX SDL June 2034 Debt Index Fund Direct-IDCW Target Maturity 10.46 Unrated 21.18 - Axis CRISIL IBX 50:50 Gilt Plus SDL Jun 2028 Index Fund Direct-IDCW Target Maturity 11.30 Unrated 70.46 8.46 Axis CRISIL IBX SDL May 2027 Index Fund Direct-IDCW Target Maturity 11.52 Unrated 2,180.30 8.27 Mr. Hyanki has done B.Tech and PGDM, Finance Prior to joining Axis Mutual Fund, he has worked with Reliance, Birla Sun Life Asset Management Company Ltd and ING Investment Management (I) Pvt Ltd
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Axis Small Cap Fund Direct-IDCW Small Cap 57.92 23,399.15 40.03 Axis Business Cycles Fund Direct-IDCW Thematic 16.96 Unrated 2,919.99 41.53 Axis Nifty Midcap 50 Index Fund Direct-IDCW Mid Cap 20.01 Unrated 392.20 48.41 Axis Innovation Fund Direct-IDCW Thematic 19.35 Unrated 1,277.08 39.31 Axis Nifty Smallcap 50 Index Fund Direct-IDCW Small Cap 19.37 Unrated 397.63 63.81
More Axis Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Axis ELSS Tax Saver Direct Plan-Growth | 34,025.16 | 2.52 | 5.75 | 12.28 | 34.02 | 9.79 | |
Axis Liquid Direct Fund -Growth | 33,841.39 | 0.60 | 1.85 | 3.62 | 7.32 | 5.42 | |
Axis Bluechip Fund Direct Plan-Growth | 32,645.86 | 3.88 | 7.89 | 14.04 | 30.20 | 11.36 | |
Axis Midcap Direct Plan-Growth | 25,264.05 | 2.01 | 6.97 | 11.16 | 38.28 | 18.30 | |
Axis Small Cap Fund Direct-Growth | 19,606.42 | -2.97 | 3.61 | 8.96 | 38.67 | 27.19 | |
Axis Banking & PSU Debt Direct Plan -Growth | 13,930.05 | 0.72 | 2.08 | 3.49 | 7.66 | 5.40 | |
Axis Focused 25 Direct Plan-Growth | 13,538.39 | 2.04 | 5.56 | 10.99 | 30.09 | 7.71 | |
Axis Flexi Cap Fund Direct - Growth | 11,490.97 | 2.19 | 5.72 | 11.30 | 31.23 | 12.13 | |
Axis Growth Opportunities Fund Direct - Growth | 11,310.89 | 2.47 | 9.21 | 14.89 | 44.82 | 19.85 | |
Axis Overnight Fund Direct - Growth | 10,498.82 | 0.52 | 1.67 | 3.39 | 6.83 | 5.13 |
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1. Axis Equity Saver Fund - Direct Plan is Open-ended Equity Savings Hybrid scheme which belongs to Axis Mutual Fund House.
2. The fund was launched on Jul 04, 2016.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments. "
2. It is benchmarked against NIFTY Equity Savings Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 39.31% in equities, 27.71% in debts and 32.67% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 35.97% of the assets, the top 3 sectors constitute around 22.15% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
4. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
Tax Implications on Axis Equity Saver Fund Direct-IDCW
Hybrid funds which usually invest 65% or more in equity & equity-related instruments will be taxed like Equity funds and those which invest up to 35% in equity & equity-related instruments will be taxed like the new taxation structure of debt funds. Also, the hybrid funds which invest between 35-65% in equity & equity-related instruments will be taxed as per the old taxation structure of debt funds. Generally, tax implications are based on the average asset allocation of the last 12 months in which the fund has invested. However, since the market is dynamic, asset allocation towards equity may increase or decrease depending on the prevailing market & economic conditions. So, the tax treatment of the given fund will vary accordingly and will be determined by its asset allocation. Below are the tax implications from the equity as well as debt side:
For Hybrid funds with 65% and above allocation in equity & equity related instruments:
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of up to Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
For Hybrid funds with 35-65% allocation in equity & equity related instruments:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
For Hybrid funds with 0-35% allocation in equity & equity related instruments:
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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FAQs about Axis Equity Saver Fund Direct-IDCW
- Is it safe to invest in Axis Equity Saver Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Axis Equity Saver Fund - Direct Plan comes under Moderately High risk category.
- What is the category of Axis Equity Saver Fund - Direct Plan?Axis Equity Saver Fund - Direct Plan belongs to the Hybrid : Equity Savings category of funds.
- How Long should I Invest in Axis Equity Saver Fund - Direct Plan?The suggested investment horizon of investing into Axis Equity Saver Fund - Direct Plan is 1 – 3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Axis Equity Saver Fund - Direct Plan?The Axis Equity Saver Fund - Direct Plan is managed by Devang Shah (Since Apr 05, 2024) , Hitesh Das (Since Jan 17, 2023) , Hardik Shah (Since Feb 01, 2023) and Mayank Hyanki (Since May 13, 2024).
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