April 1, 2026
RA Jainee
Axis Services Opportunities Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 8.42 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 8.42 |
| Min. Investment (Rs.) | 100 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY Services Sector TRI |
| AUM Rs. | 1,678 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.74% |
| 1 Year Return (%) | — |
| 3 Year Return (%) | — |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | -15.80% |
⚖️ Sahifund Review – Axis Services Opportunities Fund ✔
PLUS: Thematic potential, diversification within services, SIP suitability
✓ Axis Services Opportunities Fund gives focused exposure to India’s high-growth services economy, which includes financials, telecom, technology, consumer-facing and business service plays.
✓ The portfolio holds 38 stocks, so for a thematic fund it is not excessively concentrated and offers reasonable internal diversification.
✓ The fund also carries a healthy mix of large-cap (59.51%) + mid-cap (25.39%) + small-cap (15.09%), which can help capture broader sector opportunities over time.
✓ Minimum investment and SIP starting at Rs. 100 makes it highly accessible for investors wanting to build small, gradual exposure through SIP.
✓ Axis Mutual Fund’s brand and fund management process provide some comfort for investors looking at a niche sectoral strategy.
MINUS: No track record, weak launch timing, high thematic risk
⚖️ The biggest drawback is that this is still a very new fund (launched July 2025), so there is no 1-year, 3-year or 5-year track record yet to judge consistency.
⚖️ Return since launch is already -15.80%, which shows the fund has struggled badly in its early phase and recent momentum remains weak.
⚖️ This is a thematic sector fund, not a diversified core equity fund — so volatility risk is naturally much higher and underperformance can persist for long periods.
⚖️ The valuation profile also looks rich with portfolio P/E of 35.08 and P/B of 5.13, which means upside may remain sensitive to earnings delivery and market sentiment.
Sahifund View (Decisive Line):
Axis Services Opportunities Fund is a high-risk satellite bet, not a core portfolio fund — suitable only for patient SIP investors who want thematic exposure and can tolerate sharp volatility.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Such thematic funds are avoidable for most investors because:
• They have a narrow investment focus
• Instead, diversified equity funds which invest across sectors/themes are better
If you still choose to invest:
1. Invest only through SIP
2. Have a 7+ year investment horizon
3. Be prepared to withstand interim sharp declines in investment value
Fund’s Investment Strategy:
The scheme seeks to provide long term capital appreciation from an actively managed portfolio of equity and equity related securities of companies belonging to the services industry.
Fund Manager:
1) Sachin Relekar
Education: Mr. Relekar is an MMS(Finance) from Jamnalal Bajaj Institute of Management Studies Mumbai and B.E (Mechanical) from K.E.S. College of Engineering Islampur.
Experience: Prior to joining Axis Mutual Fund, he has worked with Bandhan Mutual Fund (formerly IDFC Mutual Fund), LIC Mutual Fund, Tata AMC, CD Equity Search, Innovision Consulting and Tech Pacific India.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 1% will be charged for redemption within 12 months |
Basic Details of Axis Services Opportunities Fund
| Fund House | Axis Mutual Fund |
| Launch Date | 24-Jul-25 |
| Return Since Launch | -15.80% |
| Benchmark | NIFTY Services Sector TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets (Rs) | Rs 1,678 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.74% |
| (As on 28-Feb-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Axis Services Opportunities Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis Services Opportunities Dir | -15.46 | -2.66 | -10.62 | -15.46 | -14.26 | — | — | — | — | — |
| BSE 500 TRI | -13.94 | -2.28 | -11.37 | -13.94 | -9.62 | — | — | — | — | — |
Peer Comparison of Axis Services Opportunities 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 Services Opportunities Dir | Unrated | — | — | — | 0.74 | 1,678 | -15.80 | 1.00 (360) | 8M | — |
| ICICI Pru India Opportunities Dir | Unrated | 1.67 | 20.78 | 21.98 | 0.65 | 35,666 | 19.69 | 1.00 (365) | 7Y 2M | 65.00 |
| Franklin India Opportunities Dir | Unrated | -0.51 | 24.09 | 18.73 | 0.56 | 8,428 | 16.32 | 1.00 (365) | 13Y 2M | 58.28 |
| HDFC Defence Dir | Unrated | 11.49 | — | — | 0.82 | 8,097 | 33.17 | 1.00 (365) | 2Y 9M | 17.21 |
| Sundaram Services Dir | Unrated | -1.45 | 14.76 | 15.77 | 0.68 | 4,614 | 17.20 | 1.00 (365) | 7Y 6M | 31.40 |
Axis Services Opportunities Fund Portfolio
| No. of Stocks | 38 |
| Top 10 Stocks | 53.41% |
| Top 5 Stocks | 35.13% |
| Top 3 Sectors | 79.04% |
| Portfolio P/B Ratio | 5.13 |
| Portfolio P/E Ratio | 35.08 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,81,955 | 1,39,237 |
| Giant (%) | — | — |
| Large (%) | 59.51 | 53.25 |
| Mid (%) | 25.39 | 29.30 |
| Small (%) | 15.09 | 20.06 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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