December 9, 2023
mayank
Axis Equity Saver Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
Current NAV:
NAV Growth: Rs 21.1100
Quarterly NAV IDCW: Rs 13.6100
Monthly NAV IDCW: Rs 13.2000
NAV IDCW: Rs 13.8200
Suitable For Which Investors?
“Equity-savings funds invest about a third of your money each in equity shares, bonds and arbitrage opportunities, though these proportions may vary a bit depending upon the market outlook of the fund manager. These funds are suitable for those who cannot withstand too much volatility in the value of their investments and are content with moderate returns which are slightly higher than fixed income options.
They may also suit those looking for a regular income from their accumulation. The debt and arbitrage portions of these funds can provide a moderate, but steady stream of income. The equity allocation, though adds a bit of volatility, but helps boost returns to keep up with the rate of inflation over the long term.
Invest only if your investment horizon is three years or more. To derive dependable income with some degree of inflation protection, invest your accumulated savings in these funds gradually over at least a few months, and then maintain a withdrawal rate in the range of 4-6 per cent of the value of your investment every year.”
Fund’s Investment Strategy:
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.
Fund Manager:
1) Hardik Shah
Education: Mr. Shah has done B.E. Information Technology and MBA Finance.
Experience: Prior to joining Axis Mutual Fund, he has worked with Nippon India Mutual Fund, Quantum Asset Management Company and ICAP India (P) Ltd.
2) Hitesh Das
Education: Mr. Das is a PGDM, M.Tech, B.Tech
Experience: 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.
3) Jayesh Sundar
Education: Mr. Sundar is a Chartered Accountant
4) R Sivakumar
Education: Mr. Sivakumar is a B.Tech from IIT Madras and MBA from IIM Ahmedabad.
Experience: Prior to joining Axis AMC he has worked with BNP Paribas Mutual Fund, Sundaram Mutual Fund (2001-2004), HDFC Mutual Fund and ITC Threadneedle.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 1% will be charged for redemption Within 30 days |
Basic Details of Axis Equity Saver Fund
| Fund House | Axis Mutual Fund |
| Launch Date | 14-Aug-15 |
| Return Since Launch | 9.39% |
| Benchmark | NIFTY Equity Savings TRI |
| Riskometer | Moderately High |
| Type | Open-ended |
| Assets | Rs 893 Cr |
| (As on 31-Oct-2023) | |
| Expense | 0.97% |
| (As on 31-Oct-2023) | |
| Risk Grade | High |
| Return Grade | Average |
| Turnover | — |
Axis Equity Saver Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis Eqt Saver Dir | 13.56 | 0.14 | 3.58 | 4.35 | 9.61 | 12.29 | 10.47 | 10.49 | 10.43 | — |
| VR MIP TRI | 10.65 | 0.16 | 3.62 | 3.21 | 6.58 | 9.54 | 9.17 | 9.34 | 8.97 | — |
| Hybrid: Equity Savings | 12.64 | 0.07 | 2.75 | 3.21 | 8.14 | 11.92 | 10.64 | 9.87 | 9.24 | — |
| Rank within category | 8 | 4 | 4 | 2 | 4 | 10 | 11 | 9 | 3 | — |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 18 | 13 | 1 |
Peer Comparison of Axis Equity Saver Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Axis Eqt Saver Dir | 2 star | 12.29 | 10.47 | 10.49 | 0.97 | 893 | 9.39 | 1.00 (30) | 8Y 3M | 403.00 |
| ICICI Pru Eqt Svngs Dir | 5 star | 9.68 | 9.53 | 9.03 | 0.50 | 7,325 | 8.56 | 0.25 (7) | 9Y | 46.00 |
| Kotak Eqt Svngs Dir | 5 star | 14.44 | 12.13 | 11.21 | 0.86 | 3,292 | 10.02 | 1.00 (90) | 9Y 1M | 508.63 |
| SBI Eqt Svngs Dir | 4 star | 15.67 | 11.67 | 11.26 | 0.62 | 3,246 | 9.91 | 0.10 (15) | 8Y 6M | 475.00 |
| Mirae Asset Eqt Svngs Dir | 4 star | 12.53 | 12.25 | — | 0.37 | 724 | 12.47 | 1.00 (365) | 4Y 11M | 528.00 |
Portfolio Analysis of Axis Equity Saver Fund
| Number of Stocks | 82 |
| Number of Bonds | 24 |
| Average Maturity (yrs) | 5.29 |
| Top 10 Holdings | 33.18% |
| Portfolio P/B Ratio | 3.10 |
| Portfolio P/E Ratio | 22.97 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,82,737 | 1,80,075 |
| Giant (%) | 61.43 | 59.43 |
| Large (%) | 18.02 | 22.15 |
| Mid (%) | 15.42 | 14.42 |
| Small (%) | 5.14 | 4.89 |
| Tiny (%) | — | 0.02 |
| Fund | Category | |
| Number of Securities | 158 | 91 |
| Macaulay Duration (yrs) | 3.61 | 1.39 |
| Average Maturity (yrs) | 5.29 | 1.81 |
| Yield to Maturity (%) | 7.30 | 7.38 |
| Avg Credit Rating | GOI/Cash | — |
How to Invest in Axis Equity Saver Fund?
Chanakya’s Mutual Fund Guidance For Axis Equity Saver Fund
Apply Online: https://www.axismf.com/mutual-funds
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