This equity large and mid cap fund has generated 22.7% returns in last 5 years: Should you invest? The fund, managed by Shreyash Devalkar and Hitesh Das, includes overseas equities for diversification. The fund runs a highly diversified portfolio with around 120 stocks, allowing modest positions in its top bets. Should you invest in this mutual fund?
ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.AXIS GROWTH OPPORTUNITIES FUND
BASIC FACTS
DATE OF LAUNCH
22 OCT 2018
CATEGORY
EQUITY
TYPE
LARGE & MIDCAP
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Rs.13,780 crore
BENCHMARK
NIFTY LARGE MIDCAP 250
TOTAL RETURN INDEX
WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.32.6
IDCW
Rs.22.1
MINIMUM INVESTMENT
Rs.100
Rs.100
EXPENSE RATIO# (%)
1.69
EXIT LOAD
For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days.
*AS ON 31 OCT 2024
**AS ON 3 DEC 2024
#AS ON 31 OCT 2024
FUND MANAGER
SHREYASH DEVALKAR/ HITESH DAS
1 YEAR, 3 MONTHS EACH
Recent portfolio changes
New entrants
Berger Paints India, GE Vernova T&D India, Kalyan Jewellers India (Sep).
HDFC Asset Management Company, Hyundai Motor India (Oct).
Complete exits
Coal India, Go Digit General Insurance, Oberoi Realty, Petronet LNG (Sep).
AIA Engineering, Astral, Avenue Supermarts, Dabur India, Global Health, United Breweries, Zydus Lifesciences (Oct).
Should You Buy
This fund leans towards quality and growth style, targeting market leaders in emerging industries or higher growth businesses in established sectors. Apart from its large-cap and mid-cap bias, it also invests in overseas equities as a diversification strategy. The fund runs a highly diversified portfolio with around 120 stocks, allowing modest positions in its top bets. The fund has built a decent track record in its running time of six years, beating the index and its peers. However, its return profile has slipped slightly in recent years as the growth theme has withered. It can be expected to recover ground once the market conditions favour its investing style.
This story originally appeared on: India Times - Author:Faqs of Insurances
