This Multicap Equity Fund Turned 1 Year, Gave 10.3% SIP Annualised Returns

Multicap Mutual funds are Equity funds. The majority of their investments are made in stocks chosen from among those that are listed on the NSE and BSE in India. These funds are appropriate for investors who want to invest money for at least three to four years and who want high returns. Additionally, these investors need to be prepared for the possibility of experiencing modest losses on their investments. The multicap fund that we have highlighted here is Axis Multicap Fund. Below are the key details of the fund:

Axis Multicap Fund

Axis Multicap Fund is an open-ended Multicap mutual fund. It was launched on 16 December 2021, one year back by The Axis Mutual Fund. It is an unrated fund. As the name suggests, it is a multicap fund, which means its investments are not limited to a certain category or cap. By investing in a diversified portfolio of equity and equity-related instruments across market capitalization, the scheme aims to generate long-term capital appreciation. However, investing in this multicap fund doesn't guarantee returns. Investors should be ready for the possibility of moderate losses in their investments as the fund is moderately risky for investments.

Top Sector and Top Holdings

The top sectors in which the fund has invested are Financial, Technology, Healthcare, Automobile, Consumer Discretionary, Materials, Services, Construction, Chemicals, Insurance, and Consumer Staples.

The top holding of the fund includes ICICI Bank, HDFC Bank, Infosys, Persistent Systems, Trent, Cholmandalam Investment & Finance, The Phoenix Mills, Krishna Institute of Medical Science, Balaji Finance and Galaxy Surfactants.

Details & Returns

1. Fund's Details

• AUM - Rs 5,484 crore as on 30 November 2022
• NAV - Rs 10.1500 as on 16 December 2022
• Expense ratio - 0.33% as on 31 October 2022
• Minimum Investments - Rs 500
• Min. Additional Investment - Rs 1,000
• Min. SIP Investment - Rs 100
• Exit Load - For units in excess of 10% of the investment, the fund charges 1% for redemption within 365 days

2. Returns

The fund under the Direct Plan-Growth option has given 1.50% annualised returns in 1 year. Whereas, it has given 10.3% annualised returns on SIP and 5.49% absolute returns on SIP in 1 year.

Disclaimer

Mutual fund investments are subject to market risk. Read all scheme-related Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.