Standard Deviation
At 13.64, lower volatility compared to the category average.
Returns:
Overview
A Strategic Investment in Multi-Cap Growth
The Axis Multicap Fund - Direct Plan - Growth is a strategic choice for investors looking to capitalize on the growth potential of multi-cap stocks.Here's why this fund is a compelling option
Beta
A value of 0.91, lower volatility compared to similar funds in the market.
Sharpe Ratio
A Sharpe ratio of 1.27 indicates risk adjusted returns.
Treynor’s Ratio
A Treynor ratio of 0.19 indicates risk-adjusted returns.
Performance
The fund has shown strong performance of CAGR since inception of 18.72% vs 16.04% (Benchmark - NIFTY 500 Multicap 50:25:25 TRI).
Strong Investor Base
With 4,37,872 Active Investors and 1,86,395 Active SIPs in July, the fund demonstrates strong investor confidence and a robust investor base.
Cost-Efficiency
It has a relatively lower expense ratio of 0.74% (Direct Plan as on 31st July 2025), ensuring that a larger portion of your investment is put to work.
Expert Management
The fund follows a bottom-up stock selection approach, focusing on scalable and asset-light business models, which are key to thriving in the multi-cap space.
Source: Total Expense Ratio (TER) is as on 31st July 2025 for Axis Multicap Fund - Direct Plan. The TER of the Scheme is subject to change at the discretion of AMC within the limits specified in Scheme Information Document. Investors are requested to visit Axis Mutual Fund website to view the current TER of the Scheme at the time of investments
Investment Objective
To generate long term capital appreciation by investing in a diversified portfolio of equity and equity related instruments across market capitalization. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.
Entry Load, Exit Load & Tax
| If redeemed / switched-out within 12 months | |
| For 10% of investment | Nil |
| For remaining investment | 1% |
| If redeemed/switched out after 12 months | |
| From the date of allotment | Nil |
Tax implication
Minimum Investment
This product is suitable for investors who are seeking*
- Capital appreciation over long term
- Investment in a portfolio of large, mid and small cap equity and equity related securities.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them
Performance
Returns Calculator
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Returns Over The Years
Performance of Axis Multicap Fund - Direct Growth as of February 28, 2026
| Nifty 500 Multicap 50:25:25 TRI | Current Value of Rs.10,000 Invested | |||||
|---|---|---|---|---|---|---|
| Annualised(%) | Nifty 500 Multicap 50:25:25 Index TRI Benchmark(%) | Nifty 50 TRI Additional Benchmark(%) | Annualised(₹) | Nifty 500 Multicap 50:25:25 Index TRI Benchmark(₹) | Nifty 50 TRI Additional Benchmark(₹) | |
| Since Inception 2021-12-17 | 16.22% | 13.72% | 11.12% | 18,800 | 17,161 | 15,569 |
| 5 Years | - | - | - | - | - | - |
| 3 Years | 24.47% | 19.94% | 14.64% | 19,282 | 17,254 | 15,066 |
| 1 Year | 18.29% | 18.08% | 15.12% | 11,824 | 11,803 | 11,507 |
Performance of SIP
| SIP Investments | Total Amount Invested | Market Value (As on 2026-02-27) | Returns (Annualised) | Benchmark Returns (Annualised) | Additional Benchmark Returns (Annualised) | Benchmark Market Value | Additional Benchmark Market Value |
|---|---|---|---|---|---|---|---|
| Since Inception 17 Dec 2021 | 5,10,000 | 7,18,698.19 | 16.31% | 13.45% | 10.77% | 6,77,640.53 | 6,40,965.11 |
| 5 Years | 6,00,000 | - | - | - | - | - | - |
| 3 Years | 3,60,000 | 4,42,452.35 | 13.93% | 10.75% | 9.28% | 4,22,595.55 | 4,13,671.83 |
| 1 Year | 1,20,000 | 1,23,438.33 | 5.43% | 4.43% | 4.67% | 1,22,808.54 | 1,22,959.96 |
Fund Quants
Portfolio
Asset Cap Mix
Portfolio Summary
No. of stocks
10
Top 10 Stocks (%)
25.42%
Top 5 Stocks (%)
16.23%
Top 3 Stocks (%)
11.74%
Holdings
| Stocks | % of holdings |
|---|---|
| HDFC Bank Limited | 4.94 |
| ICICI Bank Limited | 4.04 |
| State Bank of India | 2.76 |
| Shriram Finance Limited | 2.25 |
| Reliance Industries Limited | 2.24 |
Outlook
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Frequently asked questions
What is the investment objective of the fund?
To generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments across market capitalizations, offering exposure to a wide spectrum of growth opportunities in the Indian economy.
How is Axis Multicap Fund different from other equity categories?
Vs. Large-Cap Funds: Includes mid and small caps for higher growth. Vs. Mid/Small-Cap Funds: Adds stability via large-cap allocation. Vs. Flexi-Cap Funds: Maintains minimum 25% exposure to each segment. Vs. Thematic Funds: Offers broad-based exposure, not sector-restricted.
How does the fund balance growth and risk?
Diversified allocation across growth and stability segments. Continuous rebalancing for risk-adjusted returns. Portfolio built on fundamental strength and earnings visibility.
What is Axis Multicap Fund?
Axis Multicap Fund is an open-ended equity scheme investing across large, mid, and small-cap stocks. It aims to deliver long-term capital appreciation through a diversified and actively managed portfolio, offering a balanced blend of stability and growth potential.
How does Axis Multicap Fund allocate its portfolio?
Minimum 25% each in large, mid, and small-cap stocks. Remaining 25% flexibly allocated based on market conditions. Exposure to leaders, emerging midcaps, and high-growth small caps. Dynamic allocation managed actively to respond to valuation and sector trends.
Who should consider investing in Axis Multicap Fund?
Investors who:Seek diversification across market caps in one fund. Prefer a blend of stability and growth. Have a medium to long-term horizon (5+ years). Are comfortable with higher risk for higher potential returns.
What is the investment philosophy of Axis Multicap Fund?
Capture opportunities across different company sizes and growth phases. Maintain balanced allocation to market caps. Identify high-conviction businesses with sustainable earnings. Focus on fundamentals, quality management, and scalability. Aim for improved risk-reward profile through active rebalancing.The above framework is broadly indicative and the fund manager may change the framework depending on the market conditions.
What do we look for in companies?
Stable leaders with market dominance. Midcaps transitioning to organized sectors. Small caps with scalable models and leadership potential. Consistent earnings and financial prudence. Strong corporate governance and execution.
What are the fund manager’s views?
India’s markets offer multi-dimensional opportunities across market caps.Sectors like Capital Goods, Manufacturing, Auto Ancillaries, and Financials are attractive.Bottom-up stock-picking helps identify resilient and scalable businesses.Focus remains on quality mid and small caps that can become future large caps.The strategy balances cyclical participation with structural growth themes.Sector mentioned above are for the purpose of disclosure of the portfolio of the Schemes and should not be construed as recommendation.
What sectors currently offer opportunities?
Financials & BFSI – credit growth and deepening Capital Goods & Industrials – capex cycle Auto Ancillaries & Manufacturing – policy-driven expansion Technology & Services – digital transformation Consumer & Healthcare – domestic demand growth.The sector mentioned herein are for general assessment purpose only and not a complete disclosure of evert material fact. It should not be constructed as investment advice to any party.
What are the risks of investing in Axis Multicap Fund?
Exposure to mid and small caps introduces higher volatility. Market fluctuations and economic factors may impact returns.Mitigation: Diversification, disciplined allocation, and active management.
Why should investors consider Axis Multicap Fund?
Diversified exposure across all market segments. Balances volatility with large-cap stability and mid/small-cap growth. Captures company growth from early to mature stages. Actively managed to adapt to changing market dynamics. Suitable for investors seeking broad-based participation in India’s equity story.
How does Axis Multicap Fund create long-term value for investors?
Captures growth across company lifecycles. Offers a balanced risk-reward profile via diversification. Generates alpha through disciplined stock selection. Delivers long-term compounding across market phases.* Market caps are defined as per SEBI regulations as below: a. Large Cap: 1st -100th company in terms of full market capitalization. b. Mid Cap: 101st -250th company in terms of full market capitalization. c. Small Cap: 251st company onwards in terms of full market capitalization.Past performance may or may not sustain in future. Mutual fund investments are subject to market risks, read all scheme related documents carefully.
Is Axis Multicap Fund suitable for SIPs?
Yes. SIPs allow gradual exposure across market caps, benefit from rupee-cost averaging, and support long-term wealth creation.
What is the ideal investment horizon?
A minimum of 5 years is recommended to benefit from the full market-cap cycle and compounding potential.
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