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NAV as of(Aug 11, 2023)
₹ 19.9 -0.15 % 1-D Change
Returns
8.97% p.a.
You get upto 1.29%extra returns
VRO Rating | |
Expense ratio | 0.96% As on Jun 30, 2023 |
Exit Load | 1.0% |
AUM (Fund Size) | ₹ 909 Crs |
Lock-in | No Lockin |
Age | 8 yrs Since Jul 27, 2015 |
Benchmark | NIFTY Equity Savings TRI |
Min. Investment | SIP ₹100 & Lumpsum ₹500 |
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FREE Portfolio Health Check Available on ET Money appTotal value | Profit | ||
---|---|---|---|
This fund | |||
Category Average | |||
Bank FD | |||
Gold |
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.
Large Cap 32.17%
Mid Cap 4.46%
Small Cap 3.03%
Other Cap 0%
Financial 27.86%
Technology 7.44%
Automobile 6.1%
Consumer Staples 4.72%
GOI 13.51%
Reserve Bank of India 8.6%
Others 3.99%
Indian Railway Finance Corpn. Ltd. 1.1%
Cash & Call Money 33.72%
SOV 22.12%
AAA 4.5%
Net Receivables 29.73%
GOI Securities 13.51%
Treasury Bills 8.61%
CBLO 3.99%
Others 29.73%
Fund name | Annual Return % | ||
---|---|---|---|
Mahindra Manulife Equity Savings Fund | 11.03% | ||
Sundaram Equity Savings Fund | 9.7% | ||
HDFC Equity Savings Fund | 9.66% | ||
Kotak Equity Savings Fund | 9.63% | ||
SBI Equity Savings Fund | 9.57% | ||
Edelweiss Equity Savings Fund | 9.37% | ||
Axis Equity Saver Fund | 8.76% |
Period | Trailing returns | Category average |
---|---|---|
1 month | 0.3% | 0.79% |
3 months | 4.41% | 4.51% |
6 months | 6.65% | 7.35% |
1 year | 7.74% | 9.6% |
3 years | 12.14% | 12.08% |
5 years | 8.76% | 8.48% |
Level of Risk in the Scheme
Investors understand that their principal will be at Moderately High risk
HYBRID EQUITY SAVINGS
The scheme seeks to provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments.
R Sivakumar
Mr. Sivakumar is a B.Tech from IIT Madras and MBA from IIM Ahmedabad.
Prior to joining Axis AMC he has worked with BNP Paribas Mutual Fund, Sundaram Mutual Fund (2001-2004), HDFC Mutual Fund and ITC Threadneedle.
Hitesh Das
Mr. Das is a PGDM, M.Tech, B.Tech
Prior to joining Axis Mutual Fund, he has worked with Barclays Securities India Pvt. Ltd., Credit Suisse Securities (India) Pvt. Ltd., Ebusinessware (India) Pvt. Ltd., Yes Bank.
Hardik Shah
Mr. Shah has done B.E. Information Technology and MBA Finance.
Prior to joining Axis Mutual Fund, he has worked with Nippon India Mutual Fund, Quantum Asset Management Company and ICAP India (P) Ltd.
TOTAL AUM:
₹2,48,980 Crs
As on Jun 30, 2023
Identifying a top performing fund that consistently creates wealth can be a challenging task due to the dynamic nature of the market. Top funds often change frequently, sometimes even on a daily basis.
However, with ET Money's fund report card, it is now possible to find a fund that consistently ranks at the top and generates wealth over a long period of time. This valuable resource makes it easier to navigate the complex and constantly changing world of financial markets.
At ET Money, we have developed a smart ranking system for funds based on their consistency. We believe that consistently performing at the top of a category is more important than just occasionally ranking highly. To evaluate the consistency of a fund, we have identified two key parameters: "consistency of returns" and "protection from volatility." We assess these parameters by analyzing the strong performance and low volatility of a fund over a prolonged period of time. To arrive at a rating for these parameters, we carefully consider the track record of a fund in terms of both performance and volatility.
In our ranking methodology, we prioritize funds that consistently perform well over those that fluctuate in their performance. To ensure stability in our rankings, we analyzed data for a minimum of five years, rather than just a year or two. We also placed a greater emphasis on recent performance, as it tends to have a greater impact on momentum. This allows us to capture the full potential of recent momentum in our rankings.
The Axis Equity Saver Fund is a 8 yrs old fund and has delivered average annual returns of 8.97% since inception.
1-Year | 3-Year | 5-Year | Since Inception |
---|---|---|---|
7.74% | 12.14% | 8.76% | 8.97% |
NAV or Net Asset Value is the per-unit price of the Mutual Fund. The NAV of a Mutual Fund changes every day. It is calculated by taking the current value of the holdings of the fund at end of the day, subtracting the expenses, and dividing the value by the number of units issued to date.
The NAV of Axis Equity Saver Fund for Aug 11, 2023 is 19.9.
Axis Equity Saver Fund has an ET Money Rank of # 13 of 20 and a consistency rating of 3.
This indicates the fund has not generated great returns and even those are not very consistent. You might want to look at other funds in its category.
On ET Money, Investing in Axis Equity Saver Fund is fast, easy, and 100% paperless. And it takes only minutes. Here is what you need to do -
The Expense Ratio of a Mutual Fund is the annual charges you pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio is a percentage of Assets Under Management (AUM) and is taken from the returns generated by the fund. For this reason, a fund with a lower expense ratio is always better because a smaller part of the returns will be taken and that means more returns for you.
The Expense Ratio of the direct plan of Axis Equity Saver Fund is 0.96%. .
Redeeming your investments in Axis Equity Saver Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.
If you have invested in Axis Equity Saver Fund from anywhere else, you can go to the fund house website and put a request through it.
AUM or Asset Under Management is the total value of the assets held by a Mutual Fund scheme. For instance, for an equity Mutual Fund, the AUM will be the total value of its portfolio's equity shares (plus any other asset it might have invested in). The AUM of the fund changes every day because the price of the underlying asset fluctuates daily. However, the Mutual Fund company doesn't update it every day. It is updated only at the end of the month and released within few days of the next month.
The AUM of the fund is a good indicator of its popularity. A fund with a high AUM means a lot of money has been invested in it, and investors like it. However, the AUM should never be the primary criteria while selecting a fund. There are funds with huge AUMs that continue to perform well despite their size.
The AUM of Axis Equity Saver Fund is ₹909 Crs.
The Axis Equity Saver Fund's equity portion has been invested in the stocks of the following companies
Company | Percentage of Portfolio |
---|---|
HDFC Bank Ltd. | 8.58% |
ICICI Bank Ltd. | 5.54% |
Indusind Bank Ltd. | 3.67% |
Kotak Mahindra Bank Ltd. | 3.63% |
Reliance Industries Ltd. | 2.45% |
Bajaj Finance Ltd. | 2.3% |
Tata Consultancy Services Ltd. | 2.23% |
Infosys Ltd. | 2.13% |
Hindustan Unilever Ltd. | 1.87% |
Mahindra & Mahindra Ltd. | 1.69% |
The Axis Equity Saver Fund's equity portion is primarily invested in the following sectors -
Sector | Percentage of Portfolio |
---|---|
Financial | 27.86% |
Technology | 7.44% |
Automobile | 6.1% |
Consumer Staples | 4.72% |
Materials | 4.61% |
Construction | 2.58% |
Healthcare | 2.47% |
Unclassified | 2.45% |
Capital Goods | 1.85% |
Metals & Mining | 1.65% |
The credit rating of the instruments in which the fund invests represents the quality of the borrower.
The Axis Equity Saver Fund's debt portion's allocation by credit quality is given belowCredit Quality | Percentage of Portfolio |
Cash & Call Money | 33.72% |
SOV | 22.12% |
AAA | 4.5% |
The top 3 debt holdings of Axis Equity Saver Fund are as follows
Holding Name | Percentage of Portfolio |
GOI | 13.51% |
Reserve Bank of India | 8.6% |
Others | 3.99% |