Axis Multi 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.
Growthvine rating: 5/5 — ranked #1 of 34 in category.
Fund basics
| Category | Equity: Multi Cap |
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| NAV | ₹18.98 (as of 2026-10-01) |
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| AUM | ₹10,973 Cr |
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| Expense ratio | 1.48% |
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| Riskometer | Very High |
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| Fund manager | Hitesh Das |
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| Exit load | For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days |
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Performance & risk
| Sharpe ratio | 0.87 |
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| Standard deviation | 15.88% |
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| Max drawdown | −18.52% |
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| Alpha | 8.25 |
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| Beta | 0.91 |
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Over 5 years, captured 104.4% of NIFTY500 Multicap 50:25:25's upside and 90.6% of its downside.
Market cap allocation
| Large cap | 41.0% |
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| Mid cap | 27.1% |
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| Small cap | 31.9% |
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Concentration
| Top 5 holdings | 13.3% |
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| Top 10 holdings | 23.3% |
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| Total holdings | 112 |
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| Index overlap | 39.0% |
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| Active share | 61.0% |
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Top holdings
- ICICI Bank Ltd. — 3.6%
- HDFC Bank Ltd. — 2.7%
- Sona BLW Precision Forgings Limited — 2.5%
- Shriram Finance Limited — 2.4%
- Ather Energy Limited — 2.1%
- Eternal Limited — 2.1%
- Apar Industries Ltd — 2.1%
- Welspun Corp Limited — 2.1%
- Multi Commodity Exchange of India Ltd — 2.0%
- TD Power Systems Limited — 1.7%
Top sectors
- Banking & Financial — 19.4%
- Automobile — 15.5%
- Electricals — 9.5%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | 5.0% | Q1 (Top) | #7 of 34 |
| 2025 | 1.3% | Q3 | #22 of 31 |
| 2024 | 32.2% | Q1 (Top) | #2 of 24 |
| 2023 | 36.4% | Q1 (Top) | #5 of 17 |
| 2022 | −1.8% | Q3 | #10 of 13 |