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 #36 of 53 in category.
Fund basics
| Category | Equity: Flexi Cap |
|---|
| NAV | ₹27.06 (as of 2026-10-01) |
|---|
| AUM | ₹13,478 Cr |
|---|
| Expense ratio | 1.46% |
|---|
| Riskometer | Very High |
|---|
| Fund manager | Sachin Relekar |
|---|
| Exit load | 0 |
|---|
Performance & risk
| 5-year annualised return | 7.16% |
|---|
| Sharpe ratio | 0.59 |
|---|
| Standard deviation | 15.49% |
|---|
| Max drawdown | −30.04% |
|---|
| Alpha | 2.44 |
|---|
| Beta | 0.97 |
|---|
Over 5 years, captured 96.1% of Nifty 500's upside and 105.7% of its downside.
Market cap allocation
| Large cap | 58.8% |
|---|
| Mid cap | 21.2% |
|---|
| Small cap | 20.1% |
|---|
Concentration
| Top 5 holdings | 24.1% |
|---|
| Top 10 holdings | 38.3% |
|---|
| Total holdings | 67 |
|---|
| Index overlap | 31.2% |
|---|
| Active share | 68.8% |
|---|
Top holdings
- ICICI Bank Ltd. — 7.8%
- Clearing Corporation of India Ltd — 7.6%
- Eternal Limited — 4.4%
- Bajaj Finance Limited — 4.3%
- Apar Industries Ltd — 4.1%
- Bharat Electronics Ltd. — 3.5%
- State Bank Of India — 3.2%
- AXIS Bank Ltd. — 3.1%
- Krishna Institute of Medical Sciences Limited — 2.9%
- Mahindra & Mahindra Ltd. — 2.6%
Top sectors
- Banking & Financial — 18.4%
- Automobile — 10.0%
- Cash — 9.0%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 1.9% | 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 |