Axis Growth Opportunities Fund Direct-IDCW
(Scheme Rating)
NAV as of Aug 30, 2024
27.860.80%
(Earn upto 1.12% Extra Returns with Direct Plan)
Fund Category:
Equity: Large & MidCap
Expense Ratio:
0.56%(0.69% Category
average)Fund Size:
Rs. 13,883.28 Cr(5.38% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Axis Growth Opportunities Fund Direct-IDCW
(Scheme Rating)
NAV as of Aug 30, 2024
27.860.80%
Expense Ratio:
0.56%
Fund Size:
Rs. 13,883.28 Cr
Fund Category:
Equity: Large & MidCap
1. Current NAV: The Current Net Asset Value of the Axis Growth Opportunities Fund - Direct Plan as of Aug 30, 2024 is Rs 27.86 for IDCW option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 44.96% (1yr), 19.47% (3yr), 26.58% (5yr) and 24.16% (since launch). Whereas, Category returns for the same time duration are: 45.97% (1yr), 21.76% (3yr) and 24.2% (5yr).
3. Fund Size: The Axis Growth Opportunities Fund - Direct Plan currently holds Assets under Management worth of Rs 13883.28 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.56% for Direct plan as on Aug 23, 2024.
5. Exit Load: Axis Growth Opportunities 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 12 months."
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
Axis Growth Opportunities Fund Direct-IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 1.85 13.14 22.66 43.78 19.04 26.61 Category Avg 1.63 14.05 22.28 45.48 20.92 24.30 Rank within Category 13 21 13 17 21 6 No. of funds within Category 32 32 31 28 27 23 - Loading...
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Return Comparison
- This Fund
- BenchmarkNIFTY Large Midcap 250 Total Return Index
Choose from Benchmarks
- S&P BSE Sensex
- Nifty 50
- 1M
- 3M
- 6M
- 1Y
- 5Y
Axis Growth Opportunities Fund Direct-IDCW Fund Details
Investment Objective - The scheme seeks to generate long term capital appreciation by investing in a diversified portfolio of Equity & Equity Related Instruments both in India as well as overseas.
Fund House | Axis Mutual Fund |
Launch Date | Oct 22, 2018 |
Benchmark | NIFTY Large Midcap 250 Total Return Index |
Return Since Launch | 24.27% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | Average |
Return Grade | Above Average |
Axis Growth Opportunities Fund Direct-IDCW Investment Details
Minimum Investment (Rs.) | 100.00 |
Minimum Additional Investment (Rs.) | 100.00 |
Minimum SIP Investment (Rs.) | 100.00 |
Minimum Withdrawal (Rs.) | - |
Exit Load Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months. |
Portfolio Allocation
Asset Allocation
Asset Allocation History
Sector Allocation
Market Cap Allocation
Concentration & Valuation Analysis
JUL 2024 | JUN 2024 | MAY 2024 | APR 2024 | MAR 2024 | FEB 2024 | |
---|---|---|---|---|---|---|
Number of Holdings | 136 | 132 | 130 | 122 | 116 | 106 |
Top 5 Company Holdings | 15.19% | 15.01% | 14.58% | 17.79% | 16.93% | 17.49% |
Top 10 Company Holdings | 24.44% | 23.93% | 23.43% | 27.49% | 27.99% | 27.73% |
Company with Highest Exposure | Torrent Power (4.76%) | Torrent Power (4.0%) | Torrent Power (4.28%) | Torrent Power (6.41%) | Torrent Power (6.07%) | Torrent Power (5.12%) |
Number of Sectors | 16 | 16 | 17 | 16 | 16 | 16 |
Top 3 Sector Holdings | 37.88% | 40.59% | 41.42% | 41.21% | 40.05% | 39.71% |
Top 5 Sector Holdings | 57.02% | 58.67% | 59.18% | 62.34% | 59.45% | 59.54% |
Sector with Highest Exposure | Financial (14.31%) | Financial (14.95%) | Capital Goods (14.62%) | Financial (17.18%) | Financial (16.58%) | Financial (16.05%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Torrent Power Energy 4.76 36.62 47.61 149.25 ICICI Bank Financial 2.89 18.65 65.91 26.26 CG Power Capital Goods 2.61 72.62 9.59 72.27 HDFC Bank Financial 2.47 18.27 89.60 3.03 Cholamandalam Investment and Finance Company Financial 2.46 33.44 43.53 32.44 Reliance Industries Energy 2.18 29.72 101.60 25.68 Sona BLW Precision Forgings Automobile 2.0 - - - Infosys Technology 1.88 30.28 64.20 36.38 Larsen & Toubro Construction 1.66 38.15 97.11 35.47 Persistent Systems Technology 1.53 68.02 76.02 98.89
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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 Growth Opportunities Fund Direct-IDCW 27.86 13,883.28 1.85 43.78 19.04 26.61 Quant Large and Mid Cap Fund Direct-IDCW 65.25 3,572.83 -1.26 60.64 30.23 31.45 ICICI Prudential Large & Mid Cap Fund Direct Plan-IDCW 56.73 15,746.10 1.61 49.98 27.38 27.66 Motilal Oswal Large and Midcap Fund Direct-IDCW 28.06 5,335.94 4.30 57.93 26.49 - UTI Large & Mid Cap Fund Direct-IDCW 95.73 3,748.61 2.65 53.22 24.76 26.85
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
14.16VS13.25Fund 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.
Moderate Volatility
0.92VS0.92Fund 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
0.99VS1.24Fund 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
15.25VS17.96Fund 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
0.98VS3.41Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Poor average monthly returns
19.62VS21.97Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Axis Mutual Fund News
Fund Manager
- S.D.Shreyash DevalkarSince Aug 20237 schemes
- H.D.Hitesh DasSince Aug 20237 schemes
Mr. Devalkar is a B.Tech from UDCT Mumbai and PGDM (Management) from JBIMS Mumbai University Prior to joining Axis Mutual Fund he has worked with BNP Paribas Mutual Fund as a Fund Manager, IDFC Capital, JP Morgan Services India and Calyon Bank.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Axis Midcap Direct Plan-IDCW Mid Cap 60.55 30,854.63 46.91 Axis ELSS Tax Saver Direct Plan-IDCW ELSS 59.86 38,278.40 38.92 Axis Bluechip Fund Direct Plan-IDCW Large Cap 28.81 35,013.27 35.25 Axis India Manufacturing Fund Direct-IDCW Thematic 14.68 Unrated 6,310.79 - Axis ESG Integration Strategy Fund Direct-IDCW Thematic-ESG 18.63 Unrated 1,436.61 39.40 Axis Multicap Fund Direct-IDCW Multi Cap 18.57 Unrated 6,290.99 55.35 Axis Equity ETFs FoF Direct-IDCW Flexi Cap 16.64 Unrated 22.54 41.31 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 Flexi Cap Fund Direct-IDCW Flexi Cap 20.06 13,031.39 39.40 Axis Equity Saver Fund Direct-IDCW Equity Savings 14.23 982.84 20.83 Axis Focused Direct Plan-IDCW Flexi Cap 38.25 14,074.71 34.55 Axis Nifty 50 Index Fund Direct-IDCW Large Cap 15.04 Unrated 510.52 32.16 Axis Nifty IT Index Fund Direct-IDCW Sectoral-Technology 14.52 Unrated 128.17 39.54 Axis Multicap Fund Direct-IDCW Multi Cap 18.57 Unrated 6,290.99 55.35 Axis ESG Integration Strategy Fund Direct-IDCW Thematic-ESG 18.63 Unrated 1,436.61 39.40
More Axis Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Axis Liquid Direct Fund-Growth | 36,518.03 | 0.61 | 1.88 | 3.78 | 7.38 | 5.81 | |
Axis ELSS Tax Saver Direct Plan-Growth | 34,895.64 | 5.88 | 12.94 | 16.49 | 28.53 | 12.29 | |
Axis Bluechip Fund Direct Plan-Growth | 32,707.97 | 5.07 | 9.84 | 14.88 | 29.15 | 12.76 | |
Axis Midcap Direct Plan-Growth | 27,747.62 | 9.28 | 24.82 | 28.54 | 47.94 | 23.49 | |
Axis Small Cap Fund Direct-Growth | 20,504.37 | 7.47 | 19.86 | 18.00 | 40.03 | 27.49 | |
Axis Banking & PSU Debt Direct Plan-Growth | 13,660.32 | 0.59 | 1.79 | 3.66 | 6.78 | 5.48 | |
Axis Focused Direct Plan-Growth | 13,341.11 | 6.47 | 11.45 | 14.90 | 25.08 | 9.58 | |
Axis Growth Opportunities Fund Direct-Growth | 12,424.49 | 8.81 | 15.61 | 23.14 | 39.92 | 21.13 | |
Axis Flexi Cap Fund Direct-Growth | 12,011.72 | 7.54 | 17.00 | 19.90 | 35.02 | 15.80 | |
Axis Overnight Fund Direct-Growth | 9,383.44 | 0.56 | 1.67 | 3.37 | 6.84 | 5.45 |
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1. Axis Growth Opportunities Fund - Direct Plan is Open-ended Large & MidCap Equity scheme which belongs to Axis Mutual Fund House.
2. The fund was launched on Oct 22, 2018.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate long term capital appreciation by investing in a diversified portfolio of Equity & Equity Related Instruments both in India as well as overseas. "
2. It is benchmarked against NIFTY Large Midcap 250 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.54% in equities, 0.1% in debts and 0.37% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 24.44% of the assets, the top 3 sectors constitute around 37.88% 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.
Tax Implications on Axis Growth Opportunities Fund Direct-IDCW
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 upto 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).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
FAQs about Axis Growth Opportunities Fund Direct-IDCW
- Is it safe to invest in Axis Growth Opportunities Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Axis Growth Opportunities Fund - Direct Plan comes under Very High risk category.
- What is the category of Axis Growth Opportunities Fund - Direct Plan?Axis Growth Opportunities Fund - Direct Plan belongs to the Equity : Large & MidCap category of funds.
- How Long should I Invest in Axis Growth Opportunities Fund - Direct Plan?The suggested investment horizon of investing into Axis Growth Opportunities Fund - Direct Plan is >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 Growth Opportunities Fund - Direct Plan?The Axis Growth Opportunities Fund - Direct Plan is managed by Shreyash Devalkar (Since Aug 04, 2023) and Hitesh Das (Since Aug 03, 2023).
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