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Axis Equity Fund

Type or nature of fund

Axis Equity Fund is an open ended growth scheme.

Investment objective

The investment objective of Axis Equity Fund scheme is to achieve long term capital appreciation by investing in a diversified portfolio primarily consisting of equity and equity related securities including derivatives.

Fund information

Inception date

5th January, 2010

CRISIL rank

Scheme is ranked 4 under Diversified Equity funds as on July 2015.

Plans

Regular and Direct.

Options

Dividend

Growth

Schemes

  • Growth
  • Dividend
  • Direct Growth
  • Direct Dividend

Entry load

N.A.

Exit load

1 percent if units are redeemed or switched out within 12 months from the date of allotment (effective from 1st October, 2013.)

Minimum investment

Minimum Investment: Rs.5,000

Additional Purchase: Rs.100

Repurchase: In multiples of Re.1

SIP

Monthly minimum: Rs.1,000.

Repurchase: In multiples of Re.1

Minimum 12 instalments for all schemes if it is monthly frequency under SIP. If it is yearly then the minimum instalment is 3 for all schemes.

Product label – Risk and target investors

Risk : Moderately high risk

Target Investors: This product is suitable for investors who are seeking long term capital growth and who want to investment in a diversified portfolio mainly consisting of equity and equity related instruments.

Benchmark

CNX Nifty is the benchmark.

CNX Nifty is a well diversified 50 stock index. It accounts for 23 sectors of the economy. This index is used for variety of purposes such as benchmarking fund portfolios, index based derivatives and index funds. CNX Nifty is owned and managed by India Index Services and Products Limited.

SWP

Yes Systematic Withdrawal Plan is available in monthly, quarterly, half-yearly and in yearly options.

STP

Daily Systematic Transfer Plan is available for Axis Equity Fund in weekly, monthly and quarterly option.

Redemption

Redemption of units of the scheme is permitted.

Redemption price is the applicable NAV.

Taxation (on investment and on redemption)

Investor must consult with his tax adviser with respect to the specific tax implications arising out of his participation in this scheme.

Fund manager

Pankaj Murarka is aged 33 years. He has a Bachelor’s Degree in Commerce and has completed his ACA. He has over 16 years of work experience. He was previously associated with Equity Axis Asset Management Co. Ltd., Pipal Capital Management Private Ltd, DSP Merrill Lynch Ltd., Rare Enterprises, Motilal Oswal Securities Ltd. and UTI Asset Management Co. Ltd. Pankaj has been managing Axis Equity Fund since 8th May, 2015.

Investment philosophy or strategy

Axis Equity Fund scheme seeks to generate capital appreciation through a diversified portfolio consisting of larger Midcap companies. The Larger Midcap companies offer the flexible, innovative, high growth features of both the mid and small size companies who have the proven management and liquidity of larger companies. This scheme intends to benefit from the best. The portfolio is built utilizing a bottom-up stock selection process, focusing on appreciation potential of individual stocks from a fundamental perspective. The companies are individually researched and selected only when the fund management team is satisfied.

Portfolio – Sector / Top 10 holdings

Issuer

Sector

Percentage

HDFC Bank Ltd.

Banks

8.16

Larsen & Toubro Ltd.

Construction

6.58

Zee Entertainment Enterprises Ltd.

Entertainment

5.02

Reliance Industries Ltd.

Petroleum

4.65

Housing Development Finance Corp Ltd.

Finance

4.64

ICICI Bank Ltd.

Banks

4.28

Infosys Ltd.

Software

4.24

Bharti Airtel Ltd.

Telecom

3.95

Kotak Mahindra Bank Ltd.

Banks

3.64

Maruti Suzuki India Ltd.

Automotive

3.63

Risk measures

Sharpe

As on 31st July, 2015 it is 1.14

Alpha

As on 31st July, 2015 it is 5.76

Beta

As on 31st July, 2015 it is 0.93

Standard Deviation

As on 31st July, 2015 it is 13.37%.

Performance

AUM for April- June 2015

Rs.1,879.49 crores

NAV (as on 30th June, 2015)

Regular Plan-
  • Growth: Rs.19.94
  • Dividend: Rs.15.55
Direct Plan-
  • Growth: Rs.20.52
  • Dividend: Rs.15.97

Returns and Benchmark comparison

Date

Scheme returns

CNX Nifty

S&P BSE Sensex

Since Inception (till 30th June, 2015)

12..79

8.77

8.58

30th June, 2014- 30th June, 2015

12.83

9.95

9.31

30th June, 2013- 30th June, 2014

36.22

30.28

31.03

30th June, 2012- 30th June, 2013

19.90

10.67

11.28

Expenses

Daily Net assets

Axis Equity Fund expenses

First 100 crores

2.50%

Next 300 crores

2.25%

Next 300 crores

2%

Balance assets

1.75%

Expert view of the fund + outlook

Axis Equity Fund scheme aims to generate regular long term capital growth from a diversified and actively managed portfolio consisting of equity and equity related securities. If you are a new investor, then skip this fund for a better performing fund in the same category. This fund is however suitable for funding your child’s education, child’s marriage, retirement plans or to buy a house. This scheme is not suitable for creating wealth, for short term and lifestyle needs. Withdraw money from the scheme when you are close to achieving your goals and do not panic and withdraw when the markets are down. The returns on this scheme is tax free provided you do not withdraw your money from the scheme within a year from investing.

How to apply – online + distributors

You can buy the Axis Equity Fund through both the online and offline platforms.

For applying through the online platform, visit the Axis Mutual Fund webpage. You will be required to accept the terms and conditions and then move on to filling up the application form. You can then register yourself to avail more benefits and then finally you can make payments using internet banking. This process should not take you more than 7 minutes and you can do it within the comforts of your house.

In order to apply offline, you will have to physically approach the Axis Asset Management branch and submit your KYC form, after which you will have to fill up the application forms and then submit it at the respective counter. When you approach the bank, you can meet with the executive in charge and find out more about the scheme that you are applying for and then take an informed decision on which scheme that would best suit your needs.

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Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

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