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 | ₹22.74 (as of 2026-10-01) |
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| AUM | ₹889 Cr |
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| Expense ratio | 1.94% |
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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 | 6.18% |
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| Sharpe ratio | 0.51 |
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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 121.2% of NIFTY 50 Hybrid Short Duration Debt 25:75 Index's upside and 168.2% of its downside.
Market cap allocation
| Large cap | 75.6% |
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| Mid cap | 11.9% |
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| Small cap | 12.5% |
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Concentration
| Top 5 holdings | 25.0% |
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| Top 10 holdings | 36.1% |
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| Total holdings | 144 |
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Top holdings
- Net Receivable / Payable — 32.5%
- ICICI Bank Ltd. — 7.3%
- Reliance Industries Ltd — 6.7%
- HDFC Bank Ltd. — 5.1%
- 7.18% Government of India (14/08/2033) — 4.6%
- Clearing Corporation of India Ltd — 3.4%
- Kotak Mahindra Bank Ltd. — 3.1%
- Axis Money Market Fund - Direct Plan - Growth Option — 3.0%
- TATA STEEL LIMITED — 2.9%
- 7.1% Government of India (08/04/2034) — 2.9%
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | 0.0% | Q3 | #14 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 |