Axis Equity Savings Mn IDCW-P

All Cap

Hybrid

India Debt Medium Duration

Long Term

Others

Emotionally driven

Investor Profile

4–7 yearsInvestment Horizon

HNI, UHNI, Retail Investor, Mass AffluentTarget Segments

SEBI registered equity mutual fund suitable for all investor categoriesRegulatory Fit

Axis Equity Savings Fund Monthly Pyt Of Inc Dis Cum Cap Wdrl mixes stocks and bonds for balanced growth and stability.

What This Strategy Does

Axis Equity Savings Reg Mn IDCW-P is an equity savings fund which captures India's ₹50 trillion financialization opportunity through a balanced allocation across financials, industrials, and consumer sectors, deploying capital to achieve benchmark-aligned compounding.

CW Expert Research Notes

Consistent Downside Protection

The fund has demonstrated resilience across market cycles, outperforming its benchmark in 10 of the past 12 years, highlighting its ability to deliver consistent downside protection.

Balanced Equity Allocation

The fund's equity allocation is well-diversified across market capitalizations, with a focus on large-cap and mid-cap stocks, complemented by strategic exposures to sectors like financials, energy, and industrials.

Defensive Positioning Potential

With a significant allocation to cash and fixed income, the fund is positioned to navigate potential market volatility while maintaining exposure to structural growth trends in sectors like technology and healthcare.

Performance and Risk Analysis

Historical returns, volatility patterns, and how this fund has performed relative to its benchmark.

Fund Performance

0.0% AnnuallyAlpha

+0.2% vs +9.5% benchmarkSince Inception

+-1.2% vs +5.6% benchmark3Y Annualized

+-3.2% vs +4.6% benchmark5Y Annualized

Axis Equity Savings Mn IDCW-P

Benchmark Index

Benchmark Performance Comparison

Axis Equity Savings Fund

NIFTY 50 + FD Returns

Given the product’s limited performance history, the assessment considers the fund house’s track record and the historical performance of comparable strategies managed by the same fund house, which follow similar investment approaches. Such comparisons provide historical context only and do not represent the performance of the new product or indicate its future returns.

Risk Profile

Standard Deviation6.2%

Maximum Drawdown-5.1% | Oct 2024

Sharpe Ratio0.06

Detailed Risks

Market Risk

Prolonged economic slowdown could dampen consumer demand, impacting fund's mid-cap tilt.

Liquidity Risk

Concentrated mid-cap exposure may face liquidity stress during market sell-offs.

Concentration Risk

Outsized mid-cap allocation leaves fund vulnerable to sector-specific risks.

Specific Strategy Risk

Regulatory changes impacting equity savings funds could disrupt strategy execution.

Strategy Details

A closer look at the investment thesis, portfolio construction, and current holdings.

Core Investment Theme

Combines equity upside with debt stability to deliver risk-adjusted returns. The fund dynamically allocates between equities and fixed income, aiming to capture market rallies while limiting drawdowns. This balanced approach provides a smoother ride than pure equity investing.

Broader Market View

Market Outlook

The equity markets appear to be in a post-correction recovery phase, offering an attractive entry point as consumption and earnings normalize. Sectors like consumer discretionary, financials and industrials stand to benefit from this revival in domestic demand and capex cycle, although risks like margin pressures remain.

Why This Strategy is Attractive Now

This strategy seems well-positioned with exposure across consumer cyclicals, defensives, financials and technology. The portfolio's diversification across around 70 holdings, including market leaders, offers a balanced mix of growth and defensive qualities. Its moderate beta and flexibility could allow for risk-adjusted participation in the ongoing recovery.

Investment Style & Process

Investment Style

The portfolio exhibits characteristics of a Quality Growth strategy, emphasizing companies with durable competitive advantages, consistent earnings growth, and reasonable valuations relative to their long-term potential.

Why it Makes Sense

In the current environment of moderating economic growth and elevated uncertainty, a Quality Growth approach can offer exposure to secular growth opportunities while maintaining a degree of valuation discipline.

High-Level Investment Process

Sourcing: The strategy appears to seek companies with sustainable competitive advantages, strong balance sheets, and attractive growth runways, often sourced from sectors like technology, healthcare, and consumer discretionary. Selection: The selection process suggests a preference for businesses with durable pricing power, high returns on capital, and the ability to compound earnings growth over an extended period. Valuation metrics are likely considered to identify opportunities with reasonable upside potential. Construction: Portfolio construction is consistent with a focus on risk management through diversification across sectors and individual positions. The strategy may emphasize active share and moderate portfolio turnover to capitalize on the team's highest-conviction ideas.

Portfolio Holdings Overview

SectoralAllocation

Financial Services36.26%

Energy & Infra14.52%

Capital Goods17.88%

Utilities1.03%

Technology2.85%

Services15.07%

Consumers12.4%

Geographic Allocation

Domestic100%

Top Stock Holdings

CompanySectorAllocation

Net Receivables / (Payables)Utilities32.48%

ICICI Bank LtdFinancial Services7.30%

Reliance Industries LtdEnergy & Infra6.65%

HDFC Bank LtdFinancial Services5.05%

7.18% Govt Stock 2033Utilities4.61%

Clearing Corporation Of India LtdUtilities3.39%

Kotak Mahindra Bank LtdFinancial Services3.10%

Axis Money Market Dir GrUtilities2.96%

Tata Steel LtdCapital Goods2.89%

7.1% Govt Stock 2034Utilities2.86%

Fund House Management

The asset management company’s track record, AUM scale, and fund manager credentials.

Fund Manager Track Record

Mayank Hyanki

Lead Portfolio Manager

Mayank Hyanki has experience of 3 years. Manages 32 funds at Axis Asset Management Company Limited with an AUM of approximately ₹29,599 Cr

Devang Shah

Co-Portfolio Manager

Mr. Devang Shah has experience of 23 years. Manages 261 funds at Axis Asset Management Company Limited with an AUM of approximately ₹16,437 Cr Holds a B.Com degree.

Krishnaa N

Co-Portfolio Manager

Krishnaa N has experience of 3 years. Manages 152 funds at Axis Asset Management Company Limited with an AUM of approximately ₹1,28,440 Cr

Hardik Shah

Co-Portfolio Manager

Mr. Hardik Shah has experience of 18 years. Manages 180 funds at Axis Asset Management Company Limited with an AUM of approximately ₹7,209 Cr Holds a B.E. degree.

CW Expert Take

Axis operates with entrepreneurial agility despite institutional backing. Their investment philosophy emphasizes quality compounding in equities and prudent credit selection in debt. The fund house has built focused expertise rather than chasing asset gathering, resulting in concentrated portfolios with high-conviction ideas.

46 years

Combined Team Experience

₹ 1,81,685 Cr

Assets Under Management

Firm Overview

AMCAxis Asset Management Company Limited

Total AUM₹3,61,984.16 Cr

Investment Professionals49+

Global Offices250 Cities

Investment Philosophy & Approach

Disciplined Approach

Axis AMC follows a disciplined investment approach focused on rigorous research.

Risk Management

Risk management is embedded in the investment process through robust controls.

Long-Term Perspective

The fund house takes a long-term perspective in capital allocation decisions.

Operational & Regulatory Details

What it costs to invest, transaction mechanics, and regulatory disclosures you should know.

Costs and Fees

Total Expense Ratio (TER)2.67%

Regulatory & Tax Information

INF846K01VP0

ISIN

DailyDealing Frequency

LTCG | >1Year 12.5%% on gain above 1.25 Lakh

STCG | <1Year 20%%

Tax Implications (India)