Axis Value Fund

All Cap

Diversified

Equity

India Super Value

Others

Aggressive growth Investor Profile

Investor Profile

1–7 yearsInvestment Horizon

HNI, UHNI, Retail Investor, Mass AffluentTarget Segments

SEBI registered equity mutual fund suitable for all investor categoriesRegulatory Fit

Axis Value Fund Growth invests in undervalued Indian companies offering good long-term potential.

What This Strategy Does

Axis Value Fund Regular Growth is an India Fund Value equity strategy which captures India's broad-based earnings growth opportunity through a disciplined value investing approach, deploying capital across financials, industrials, and consumer sectors to achieve benchmark-aligned compounding.

CW Expert Research Notes

Resilient Downside Protection

Axis Value Reg Gr has demonstrated resilience by outperforming its category index and peers in 3 out of the past 12 years, suggesting a consistent ability to protect capital during market downturns.

Contrarian Value Tilt

The fund's value-oriented approach, emphasizing undervalued stocks across market caps, differentiates it from peers through a contrarian tilt towards sectors like financials and industrials.

Earnings Revision Catalyst

With a focus on companies poised for positive earnings revisions, the fund could benefit from an improving corporate earnings cycle, a potential catalyst for outperformance.

Performance and Risk Analysis

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

Fund Performance

3.9% AnnuallyAlpha

+0.0% vs +0.0% benchmarkSince Inception

+0.0% vs +0.0% benchmark3Y Annualized

+0.0% vs +0.0% benchmark5Y Annualized

Axis Value Fund

Benchmark Index

Benchmark Performance Comparison

Axis Value Fund

NIFTY 50

Risk Profile

Standard Deviation16.2%

Maximum Drawdown-16.7% | Oct 2024

Sharpe Ratio0.01

Beta0.90

Upside Capture112%

Detailed Risks

Market Risk

Potential recession risks amid slowing economic growth could trigger earnings downgrades, impacting value-oriented holdings.

Liquidity Risk

High mid-cap exposure could face liquidity stress during market sell-offs, hindering rebalancing.

Concentration Risk

Concentrated sector bets amplify downside from idiosyncratic risks like regulatory headwinds or competitive pressures.

Specific Strategy Risk

Value strategy vulnerable to sustained multiple expansion favoring growth over cyclical value names.

Strategy Details

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

Core Investment Theme

Provides exposure to India's most resilient businesses that have demonstrated the ability to grow earnings across economic cycles. These market leaders typically reinvest cash flows into sustainable competitive moats, translating into steady wealth creation without dramatic volatility.

Broader Market View

Market Outlook

Equity markets appear to be entering a recovery phase following the recent correction, offering an attractive entry point. Macro drivers such as consumption revival, earnings normalization, and capex growth are aligning with the strategy's tilt towards consumer, financial services, and technology sectors. While risks like competition and cyclicality persist, the present environment seems conducive.

Why This Strategy is Attractive Now

The strategy appears well-positioned with exposure across consumer cyclicals/defensives, financials, and technology. Its diversified ~70 holdings include market leaders poised to capitalize on formalization and domestic demand trends. A moderate beta, flexibility, and balance between growth and stability could enhance risk-adjusted returns in the current market cycle.

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 market environment characterized by economic uncertainty and elevated volatility, a Quality Growth approach focused on companies with resilient business models, pricing power, and strong balance sheets can provide a degree of defensiveness while participating in secular growth opportunities.

High-Level Investment Process

Sourcing: The strategy appears to source investment ideas from a broad universe of companies across market capitalizations, with a focus on those demonstrating sustainable competitive advantages, strong profitability, and healthy balance sheets. Selection: The selection process suggests a preference for companies with durable growth drivers, consistent earnings growth, and reasonable valuations relative to their long-term earnings potential, as well as a commitment to environmental, social, and governance (ESG) principles. Construction: The portfolio construction process is consistent with a diversified, risk-aware approach, aiming to balance sector exposures, manage position sizes, and maintain an appropriate level of portfolio turnover to capture investment opportunities while managing risk.

Portfolio Holdings Overview

SectoralAllocation

Energy & Infra7.68%

Technology9.31%

Financial Services35.25%

Consumers13.86%

Capital Goods16.92%

Services13.47%

Utilities3.51%

Geographic Allocation

Domestic100%

Top Stock Holdings

CompanySectorAllocation

Clearing Corporation Of India LtdUtilities6.04%

ICICI Bank LtdFinancial Services5.31%

HDFC Bank LtdFinancial Services4.62%

Reliance Industries LtdEnergy & Infra4.30%

State Bank of IndiaFinancial Services3.39%

NTPC LtdUtilities3.28%

Bharti Airtel LtdServices2.91%

Shriram Finance LtdFinancial Services2.59%

Larsen & Toubro LtdCapital Goods2.53%

Infosys LtdTechnology2.48%

Fund House Management

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

Fund Manager Track Record

Krishnaa N

Krishnaa N has experience of 2 years. Manages 158 funds at Axis Asset Management Company Limited with an AUM of approximately ₹1,28,440 Cr

13 years

Combined Team Experience

₹ 1,61,530 Cr

Assets Under Management

Nitin Arora

Co-Portfolio Manager

Nitin Arora has experience of 11 years. Manages 45 funds at Axis Asset Management Company Limited with an AUM of approximately ₹33,089 Cr

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.

Firm Overview

Total AUM₹3,61,984.16 Cr

Investment Philosophy & Approach

Disciplined Approach

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

Risk Management

Robust risk management framework with emphasis on portfolio diversification.

Long-Term Perspective

Axis AMC maintains 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)2.55%

Exit Load1

Regulatory & Tax Information

INF846K013C4

ISIN

DailyDealing Frequency

BSE 500 India TR INRBenchmark

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

STCG | <1Year 20%%

Tax Implications (India)