Axis Equity Saver Fund Regular-IDCW Quarterly
(Scheme Rating)
NAV as of Aug 29, 2024
12.980.00%
- IDCW Quarterly - Regular
(Earn upto 1.22% Extra Returns with Direct Plan)
Fund Category:
Hybrid: Equity Savings
Expense Ratio:
2.25%(1.59% Category
average)Fund Size:
Rs. 982.84 Cr(2.68% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Axis Equity Saver Fund Regular-IDCW Quarterly
(Scheme Rating)
NAV as of Aug 29, 2024
12.980.00%
Expense Ratio:
2.25%
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 - Regular Plan as of Aug 29, 2024 is Rs 12.98 for IDCW Quarterly option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 19.38% (1yr), 9.09% (3yr), 10.81% (5yr) and 8.86% (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 - Regular 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 2.25% for Regular plan as on Aug 23, 2024.
5. Exit Load: Axis Equity Saver Fund - Regular 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 Regular-IDCW Quarterly Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 1.27 6.31 8.39 19.30 9.10 10.92 Category Avg 0.83 4.98 7.91 16.25 9.56 10.49 Rank within Category 5 4 7 4 14 10 No. of funds within Category 22 22 22 22 22 22 - Loading...
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Return Comparison
- This Fund
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Axis Equity Saver Fund Regular-IDCW Quarterly 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 | Aug 14, 2015 |
Benchmark | NIFTY Equity Savings Total Return Index |
Return Since Launch | 8.87% |
Riskometer | Moderately High |
Type | Open-ended |
Risk Grade | Above Average |
Return Grade | Average |
Axis Equity Saver Fund Regular-IDCW Quarterly 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 Regular-IDCW Quarterly 12.98 982.84 1.31 19.39 8.80 10.87 HSBC Equity Savings Fund-IDCW Quarterly 16.89 406.54 0.48 25.34 12.77 13.67 UTI Equity Savings Fund Regular-IDCW Quarterly 17.61 441.64 0.84 17.22 11.19 11.76 ICICI Prudential Equity Savings Fund-IDCW Quarterly 13.31 10,938.68 1.09 10.64 8.66 8.84 SBI Equity Savings Fund Regular-IDCW Quarterly 21.58 5,044.06 0.27 15.24 10.37 12.06
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
5.83VS4.48Fund 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
0.98VS0.70Fund 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
0.67VS0.88Fund 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
3.98VS5.81Fund 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
-0.99VS0.47Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Poor average monthly returns
9.43VS9.48Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Axis Mutual Fund News
Fund Manager
- D.S.Devang ShahSince Apr 20246 schemes
- H.D.Hitesh DasSince Jan 20230 schemes
- H.S.Hardik ShahSince Feb 20234 schemes
- M.H.Mayank HyankiSince May 20240 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 All Seasons Debt FoF Regular-IDCW Quarterly Dynamic Bond 11.13 136.30 8.85 Axis Money Market Fund Regular-IDCW Quarterly Money Market 1,113.02 12,947.57 7.58 Axis Strategic Bond Fund Regular-IDCW Quarterly Medium Duration 10.27 1,941.86 8.21 Axis Dynamic Bond Fund Regular-IDCW Quarterly Dynamic Bond 10.88 1,685.23 8.08 Axis Regular Saver Fund Regular-IDCW Quarterly Conservative Hybrid 11.43 307.92 11.27 Axis Equity Hybrid Fund Regular-IDCW Quarterly Aggressive Hybrid 14.94 1,682.75 27.16 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.
No schemes for the Fund Manager
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 All Seasons Debt FoF Regular-IDCW Quarterly Dynamic Bond 11.13 136.30 8.85 Axis Dynamic Bond Fund Regular-IDCW Quarterly Dynamic Bond 10.88 1,685.23 8.08 Axis Floater Fund Regular-IDCW Quarterly Floater 1,165.68 255.01 9.18 Axis Fixed Term Plan Series 112 (1143 Days) Regular-IDCW Quarterly FMP 11.22 Unrated 74.34 7.67 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
No schemes for the Fund Manager
More Axis Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Axis ELSS Tax Saver Fund-Growth | 34,025.16 | 2.46 | 5.55 | 11.86 | 33.02 | 8.90 | |
Axis Liquid Fund-Growth | 33,841.39 | 0.60 | 1.83 | 3.58 | 7.25 | 5.35 | |
Axis Liquid Fund Retail-Growth | 33,841.39 | 0.56 | 1.70 | 3.32 | 6.71 | 4.82 | |
Axis Bluechip Fund-Growth | 32,645.86 | 3.80 | 7.64 | 13.53 | 29.03 | 10.19 | |
Axis Midcap Fund-Growth | 25,264.05 | 1.91 | 6.69 | 10.57 | 36.83 | 16.88 | |
Axis Small Cap Fund Regular-Growth | 19,606.42 | -3.05 | 3.33 | 8.37 | 37.16 | 25.48 | |
Axis Banking & PSU Debt Fund -Growth | 13,930.05 | 0.69 | 2.01 | 3.34 | 7.35 | 5.09 | |
Axis Focused 25 Fund-Growth | 13,538.39 | 1.96 | 5.32 | 10.46 | 28.88 | 6.59 | |
Axis Flexi Cap Fund Regular - Growth | 11,490.97 | 2.10 | 5.44 | 10.72 | 29.88 | 10.85 | |
Axis Growth Opportunities Fund Regular - Growth | 11,310.89 | 2.38 | 8.93 | 14.26 | 43.20 | 18.25 |
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1. Axis Equity Saver Fund - Regular Plan is Open-ended Equity Savings Hybrid scheme which belongs to Axis Mutual Fund House.
2. The fund was launched on Aug 14, 2015.
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 Regular-IDCW Quarterly
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 Regular-IDCW Quarterly
- Is it safe to invest in Axis Equity Saver Fund - Regular Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Axis Equity Saver Fund - Regular Plan comes under Moderately High risk category.
- What is the category of Axis Equity Saver Fund - Regular Plan?Axis Equity Saver Fund - Regular Plan belongs to the Hybrid : Equity Savings category of funds.
- How Long should I Invest in Axis Equity Saver Fund - Regular Plan?The suggested investment horizon of investing into Axis Equity Saver Fund - Regular 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 - Regular Plan?The Axis Equity Saver Fund - Regular 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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