Axis Flexi Cap Fund Direct Growth

About Axis Multicap Fund - Direct Plan - Growth

The main objective of the Axis Multicap Fund is to provide investors with an exposure to a well-diversified portfolio which consists of stocks across all market capitalisations. The fund manager and his team of researchers will continually analyse and pick the best-performing ones as per the market conditions.

Pros and Cons of Axis Multicap Fund - Direct Plan - Growth

The most significant advantage of Axis Multicap Fund is that it provides the benefit of a diversified portfolio. Therefore, the underperformance of one particular sector or market capitalisation would not be pronounced on the overall performance of the fund. On the downside, the fund is influenced by the market movements.

Fund Information and Statistics

i) Inception/Launch Date Axis Multicap Fund was launched on 20 November 2017.

ii) Risk Level As mentioned by Axis Mutual Fund, the risk possessed by Axis Multicap Fund is ‘moderately high’. However, since the fund is diversified by investing in stocks across all market capitalisations, it makes it less risky as compared to small and midcap equity funds.

iii) Redemption As Ais Multi-cap Fund is an open-ended mutual fund plan, you can redeem your investment any time. However, you have to be aware of the applicable exit load and tax on capital gains.

iv) Fund Manager Mr Shreyash Devalkar is the current fund manager of Axis Multicap Fund.

v) Entry/Exit Load No entry load is imposed as per the norms of the Securities and Exchange Board of India (SEBI). If you redeem more than 10% of the units held within 365 days from the investment, then you will be charged an exit load of 1% on the units exceeding 10%. After one year, no exit load applies.

About Axis Mutual Fund

As per the regulations of the Securities and Exchange Board of India (SEBI), the Axis Mutual Fund registered itself with the SEBI in October 2019 with Axis Bank Limited and Axis Mutual Fund Trustee Limited as its sponsor and trustee respectively. Axis Mutual Fund is now one of the leading fund houses in the country, and its asset under management (AUM) was Rs 1.2 lakh crore as of December 2019.