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This Top-Rated Triple Advantage Fund SIP Has Given Over 50% Returns In 5 Years
Multi-asset funds, which are classified as hybrids, invest at least 10% of their portfolio in at least three asset classes. These funds are supposed to have more diverse portfolios than standard hybrid funds, which invest in a variety of equity and bond securities.
In this article, we have given insights into one such fund including the fund's size, NAV, Returns both one-time and SIP, and portfolio. The name of the fund is Axis Triple Advantage Fund.
Axis Triple Advantage Fund - Direct Plan-Growth
It is an open-ended hybrid multi-asset allocation fund from the Axis Mutual Fund house. Under the fund's Direct Plan- Growth it has Rs 1,663 Crores worth of assets under management. Its NAV On 24th March 2022 is Rs 33.2564, and the expense ratio is 0.43%, which is slightly close to the category average and what most other Multi-Asset Allocation funds charge.
As mentioned above, the fund is rated 5 stars by the Value research. Talking about risk, it is a highly risky fund. Despite being a risky fund, it has offered good returns on lump-sum investment in 2 years and SIP in 5 years.
This fund facilitates investing in Gold, one of the most popular options amongst Indian investors, and a good hedge against macro events. Further, this fund exposure to stocks generates long-term wealth, while debt investments safeguard against market volatility offer stability.
Absolute And Annualised Returns
Lump-Sum Investment Returns
| Investment Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 19.00% | 19.00% |
| 2 Year | 87.70% | 37.00% |
| 3 Year | 65.21% | 18.16% |
| 5 Year | 91.63% | 13.88% |
| Since Inception | 161.35% | 10.97% |
SIP Returns
| SIP Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 4.76% | 8.96% |
| 2 Year | 24.49% | 22.68% |
| 3 Year | 33.76% | 19.84% |
| 5 Year | 50.11% | 16.26% |
Portfolio
The fund has a 71.79 percent stake in Indian equities, with 51.63 percent in large-caps, 4.11 percent in mid-caps, and 2.81 percent in small-caps. The fund has a debt investment of 9.54 percent, with 6.29 percent in government securities and 3.25 percent in funds that invest in very low-risk assets.
The fund's debt part has a very low credit rating, meaning that the borrowers it has loaned to are of poor quality. The equity element of the fund is predominantly invested in the financial, technology, automobile, services, and chemical industries.
When compared to other funds in the category, it has less exposure to the Financial and Technology sectors. Axis Gold ETF Fund, Infosys Ltd., Avenue Supermarts Ltd., ICICI Bank Ltd., and Tata Consultancy Services Ltd. are the top five holdings of the fund.
Disclaimer
Mutual fund investments are subject to market risk. Read all scheme-related documents, and 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.
