Large & Mid Cap Fund Has Over 5% Net Assets In Multibagger Tata Stock, Gave 30.94% Return In 1 Yr

Axis Growth Opportunities Fund is a Large & Midcap fund scheme launched on 22nd October 2022 by the Axis Mutual Fund. The fund has over 5%, around 5.65% Net Asset investment in Tata Group's Multibagger large cap stock, Tata Elxsi Ltd. Tata Elxsi has given a multibagger return of 778.19% in 3 years and 486.66% in 5 years, respectively.

Fund and Its Objective

Axis Growth Opportunities Fund is an open-ended equity fund that primarily invests in both large-cap and mid-cap stocks. The scheme seeks to generate long-term capital appreciation by investing in a diversified portfolio of Equity & Equity Related Instruments both in India as well as overseas.

Returns On Lump-Sum Investments & Benchmark

Under the Direct Plan - Growth Option, the scheme has delivered promising returns, outperformed the benchmark. Its benchmark is NIFTY Large Midcap 250 TRI.

It has given 30.94% return in 1 year, 13.24% absolute return in 2 years, 29.37% absolute return in 3 years, and 20.98% annual average return since its launch. The category returns for the same time duration are 27.17% in 1 year, 12.30% in 2 years, 28.65% in 3 years and 16.68% category average return.

NAV, AUM, Expense Ratio, Exit Load

The fund's current Net Asset Value (NAV) as on June 16, 2023, under the Direct Plan, is 24.25 for the growth option. The fund currently holds Assets under Management (AUM) worth Rs 8977 crore as on May 31, 2023. Its expense ratio is 0.55% for the Direct plan as on May 31, 2023. while exit load for units in excess of 10% of the investment, the fund will charge 1% for redemption within 12 months.

Portfolio

Axis Opportunities Fund has major exposure to equity (98.86%) followed by Debt (1.09%) and Cash & Cash equivalent (0.05%). It has Net Assets investments in 78 stocks.

The top 10 stocks hold 46.83% which includes Bajaj Finance (9.05%), Tata Elxsi (5.65%), Cholamandalam Investment and Finance Company (5.19%), PI (5.07%), Astral (4.44%), Avenue Supermarts (4%), Torrent Power (3.77%), Sundaram Finance (3.32%), and The India Hotels Company (3.18%).

The top 5 sectors in terms of exposure to its investments include Financial (21.03%), Technology (13.95%), Services (12.63%), Chemicals (9.82%), and Automobile (8.51%).

Minimum Investment Amount

The minimum investment amount required to begin investing in this fund is Rs 500, while for the additions investments, the minimum amount required is Rs 500. For Systematic Investment Plan (SIP) the minimum investment amount required is Rs 100. This fund has no lock-in period.

SIP Return Calculatation - Direct Plan

If you invest in this fund Rs 10000 upfront with 10000 monthly SIP for 4 Years i.e. Rs 4,90,000 in total across 4 years, it would turn into Rs 7,61,708 at 22.05% annualised return in 4 years.

Disclaimer - Mutual fund investments are subject to market risk. Read all scheme-related Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.