Axis Equity Savings Fund
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.
Growthvine rating: 3/5 — ranked #11 of 25 in category.
Fund basics
| Category | Hybrid: Equity Savings |
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| NAV | ₹23.35 (as of 2026-08-21) |
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| AUM | ₹889 Cr |
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| Expense ratio | 1.95% |
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| Riskometer | Moderately High |
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| Fund manager | Devang Shah |
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| Exit load | For units in excess of 10% of the investment, 1% will be charged for redemption within 30 days |
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Performance & risk
| 5-year annualised return | 7.62% |
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| Sharpe ratio | 0.49 |
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| Standard deviation | 5.67% |
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| Max drawdown | -17.65% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 121.4% of NIFTY 50 Hybrid Short Duration Debt 25:75 Index's upside and 174.6% of its downside.
Market cap allocation
| Large cap | 79.8% |
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| Mid cap | 8.8% |
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| Small cap | 11.4% |
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Concentration
| Top 5 holdings | 25.9% |
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| Top 10 holdings | 37.5% |
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| Total holdings | 144 |
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Top holdings
- Net Receivable / Payable — 35.1%
- Reliance Industries Ltd — 8.5%
- ICICI Bank Ltd. — 7.2%
- 7.18% Government of India (14/08/2033) — 4.6%
- HDFC Bank Ltd. — 4.4%
- 7.1% Government of India (08/04/2034) — 4.0%
- TATA STEEL LIMITED — 3.0%
- Axis Money Market Fund - Direct Plan - Growth Option — 2.9%
- Kotak Mahindra Bank Ltd. — 2.9%
- Bharti Airtel Ltd. — 2.6%
Top sectors
- Banking & Financial — 20.5%
- Petroleum Products — 8.5%
- Automobile — 4.9%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | 2.7% | Q1 (Top) | #6 of 25 |
| 2025 | 5.4% | Q4 (Bottom) | #18 of 22 |
| 2024 | 11.1% | Q2 | #10 of 22 |
| 2023 | 14.6% | Q2 | #8 of 21 |
| 2022 | -0.2% | Q4 (Bottom) | #17 of 19 |