December 12, 2023
mayank
Axis Multi Asset Allocation Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
Current NAV:
NAV Growth : Rs 36.9025
NAV Growth: Rs 36.9025
Suitable For Which Investors?
“Multi Asset Allocation funds invest your money in a mix of equity shares, bonds and commodities (usually gold) such that each has at least 10 per cent allocation at all times.
We don’t think highly of gold or other commodities as an investment. Therefore, we believe that investors can avoid these funds altogether. Instead, they might consider other varieties of hybrid funds — aggressive hybrid, balanced hybrid and conservative hybrid — which invest your money in equity shares and bonds in different proportions. You can choose from these depending upon your investment horizon, return expectations and ability to withstand volatility in the value of your investments.”
Fund’s Investment Strategy:
The Scheme seeks to generate long term capital appreciation by investing in a diversified portfolio of equity and equity related instruments, debt and money market instruments, Exchange Traded Commodity Derivatives / Units of Gold ETFs, Silver ETF & units of REITs/InvITs.
Fund Manager:
1) Ashish Naik
Education: Mr. Naik is a B.E from Mumbai University and MBA from XLRI, Jamshedpur.
Experience: Prior to joining Axis Mutual Fund he was associated with organizations such as Goldman Sachs and has over 7 years of experience as an Equity Analyst.
2) Jayesh Sundar
Education: Mr. Sundar is a Chartered Accountant
3) 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.
4) Pratik Tibrewal
Education: Mr. Tibrewal is a B.Com, LLB (Gen) and MBA (Finance).
Experience: Prior to joining Axis Mutual Fund, he has worked with Inditrade Capital Ltd., Edelweiss Mutual Fund and Edelweiss Commodities trading Ltd..
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| 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 365 days |
Basic Details of Axis Multi Asset Allocation Fund
| Fund House | Axis Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 10.22% |
| Benchmark | NIFTY 500 TRI (65), NIFTY Composite Debt Index (20), Domestic Price of Gold (8), Domestic Price of Silver (8) |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 1,266 Cr |
| (As on 30-Nov-2023) | |
| Expense | 0.82% |
| (As on 31-Oct-2023) | |
| Risk Grade | High |
| Return Grade | Average |
| Turnover | — |
Trailing Returns (%) of Axis Multi Asset Allocation Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis Multi Asset Allocation Dir | 11.39 | -0.04 | 4.64 | 2.26 | 8.39 | 9.84 | 11.02 | 13.80 | 12.08 | 11.16 |
| VR Balanced TRI | 15.88 | 0.11 | 7.23 | 4.74 | 12.33 | 13.68 | 15.42 | 14.63 | 14.07 | 13.01 |
| Hybrid: Multi Asset Allocation | 18.58 | 0.05 | 4.98 | 4.36 | 12.43 | 17.48 | 15.49 | 14.21 | 10.77 | 11.24 |
| Rank within category | 25 | 21 | 21 | 26 | 23 | 24 | 14 | 6 | 2 | 3 |
| Number of funds in category | 25 | 31 | 31 | 28 | 27 | 24 | 17 | 12 | 8 | 6 |
Peer Comparison of Axis Multi Asset Allocation 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 Multi Asset Allocation Dir | 1 star | 9.84 | 11.02 | 13.80 | 0.82 | 1,266 | 10.22 | 1.00 (365) | 10Y 11M | 115.00 |
| ICICI Pru Multi Asset Dir | 5 star | 21.90 | 25.26 | 19.40 | 1.00 | 27,924 | 16.63 | 1.00 (365) | 10Y 11M | 26.00 |
| ICICI Pru Asset Allocator (FOF) Dir | 5 star | 17.23 | 15.38 | 14.36 | 0.25 | 20,863 | 12.55 | 1.00 (365) | 10Y 11M | 6.00 |
| SBI Multi Asset Allocation Dir | 4 star | 20.57 | 14.57 | 14.02 | 0.73 | 2,712 | 11.91 | 1.00 (365) | 10Y 11M | — |
| HDFC Multi Asset Dir | 4 star | 15.68 | 15.81 | 15.32 | 0.85 | 2,151 | 11.51 | 1.00 (365) | 10Y 11M | 17.82 |
Portfolio Analysis of Axis Multi Asset Allocation Fund
| No. of Stocks | 48 |
| Top 10 Holdings | 50.06% |
| Top 5 Stocks | 33.96% |
| Top 3 Sectors | 41.70% |
| Portfolio P/B Ratio | 4.71 |
| Portfolio P/E Ratio | 29.80 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,83,984 | 1,63,593 |
| Giant (%) | 62.67 | 51.36 |
| Large (%) | 14.47 | 20.53 |
| Mid (%) | 16.69 | 21.54 |
| Small (%) | 6.17 | 8.14 |
| Tiny (%) | — | 0.03 |
| Fund | Category | |
| Number of Securities | 63 | 50 |
| Macaulay Duration (yrs) | 4.05 | 2.35 |
| Average Maturity (yrs) | 6.86 | 3.41 |
| Yield to Maturity (%) | 7.58 | 7.51 |
| Avg Credit Rating | AA | — |
How to Invest in Axis Multi Asset Allocation Fund?
Chanakya’s Mutual Fund Guidance For Axis Multi Asset Allocation Fund
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