Axis Flexi cap Fund
The scheme seeks to generate long term capital appreciation by investing in a diversified portfolio of equity and equity related instruments across market capitalization by targeting undervalued companies that offer opportunities to generate superior capital gains from a medium-to-long term perspective.
Growthvine rating: 2/5 — ranked #37 of 56 in category.
Fund basics
| Category | Equity: Flexi Cap |
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| NAV | ₹26.16 (as of 2026-10-23) |
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| AUM | ₹13,242 Cr |
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| Expense ratio | 1.46% |
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| Riskometer | Very High |
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| Fund manager | Sachin Relekar |
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| Exit load | 0 |
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Performance & risk
| 5-year annualised return | 7.16% |
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| Sharpe ratio | 0.44 |
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| Standard deviation | 15.95% |
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| Max drawdown | −30.04% |
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| Alpha | 2.44 |
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| Beta | 0.97 |
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Over 5 years, captured 96.1% of Nifty 500's upside and 105.7% of its downside.
Market cap allocation
| Large cap | 57.6% |
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| Mid cap | 20.6% |
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| Small cap | 21.8% |
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Concentration
| Top 5 holdings | 23.8% |
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| Top 10 holdings | 38.1% |
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| Total holdings | 66 |
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| Index overlap | 30.7% |
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| Active share | 69.3% |
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Top holdings
- Clearing Corporation of India Ltd — 8.8%
- ICICI Bank Ltd. — 7.5%
- Eternal Limited — 4.6%
- Apar Industries Ltd — 4.2%
- Bajaj Finance Limited — 4.1%
- Bharat Electronics Ltd. — 3.5%
- AXIS Bank Ltd. — 3.1%
- Krishna Institute of Medical Sciences Limited — 3.0%
- State Bank Of India — 3.0%
- 91 Days Tbill (MD 31/12/2026) — 2.9%
Top sectors
- Banking & Financial — 17.9%
- Automobile — 10.6%
- Electricals — 8.6%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −1.5% | Q1 (Top) | #8 of 50 |
| 2025 | 1.3% | Q3 | #32 of 43 |
| 2024 | 22.3% | Q2 | #15 of 42 |
| 2023 | 20.2% | Q4 (Bottom) | #34 of 36 |
| 2022 | −8.7% | Q4 (Bottom) | #29 of 30 |