Standard Deviation
At 13.66, lower volatility compared to the category average.
Returns:
Why Invest in Equity Funds?
Overview
A Strategic Investment in Multi-Cap Growth
The Axis Multicap Fund - Direct Plan - Growth is a strategic choice for investors looking to capitalize on the growth potential of multi-cap stocks.Here's why this fund is a compelling option
Beta
A value of 0.93, lower volatility compared to similar funds in the market.
Sharpe Ratio
A Sharpe ratio of 1.20 indicates risk adjusted returns.
Treynor’s Ratio
A Treynor ratio of 0.18 indicates risk-adjusted returns.
Performance
The fund has shown strong performance of CAGR 3 years of 23.42% vs 18.59% (Benchmark NIFTY 500 Multicap 50:25:25 TRI ) as on 30thJanuary, 2026
Strong Investor Base
With 522,831 Active Investors and 239,757 Active SIPs in Jan 31 , with a growing community of long term investors, the fund continues todemonstrate strong investor confidence and a robust participation base.
Cost-Efficiency
It has a relatively lower expense ratio of 0.71% as on 31 st January, 2026 ensuring that a larger portion of your investment is put to work.
Expert Management
Under seasoned fund management, the scheme follows a bottom up stock selection approach, identifying high quality and high ROE companiesacross large, mid and small caps.
Source: Total Expense Ratio (TER) is as on 31st July 2025 for Axis Multicap Fund - Direct Plan. The TER of the Scheme is subject to change at the discretion of AMC within the limits specified in Scheme Information Document. Investors are requested to visit Axis Mutual Fund website to view the current TER of the Scheme at the time of investments
Investment Objective
To generate long term capital appreciation by investing in a diversified portfolio of equity and equity related instruments across market capitalization. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.
Entry Load, Exit Load & Tax
| If redeemed / switched-out within 12 months | |
| For 10% of investment | Nil |
| For remaining investment | 1% |
| If redeemed/switched out after 12 months | |
| From the date of allotment | Nil |
Tax implication
Minimum Investment
This product is suitable for investors who are seeking*
- Capital appreciation over long term
- Investment in a portfolio of large, mid and small cap equity and equity related securities.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them
Performance
Returns Calculator
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Returns Over The Years
Performance of Axis Multicap Fund - Direct Growth as of April 07, 2026
| Nifty 500 Multicap 50:25:25 TRI | Current Value of Rs.10,000 Invested | |||||
|---|---|---|---|---|---|---|
| Annualised(%) | Nifty 500 Multicap 50:25:25 Index TRI Benchmark(%) | Nifty 50 TRI Additional Benchmark(%) | Annualised(₹) | Nifty 500 Multicap 50:25:25 Index TRI Benchmark(₹) | Nifty 50 TRI Additional Benchmark(₹) | |
| Since Inception 2021-12-17 | 12.96% | 10.36% | 7.82% | 16,860 | 15,258 | 13,809 |
| 5 Years | - | - | - | - | - | - |
| 3 Years | 20.44% | 15.41% | 10.03% | 17,472 | 15,372 | 13,320 |
| 1 Year | -0.82% | -2.52% | -3.97% | 9,918 | 9,746 | 9,601 |
Performance of SIP
| SIP Investments | Total Amount Invested | Market Value (As on 2026-03-30) | Returns (Annualised) | Benchmark Returns (Annualised) | Additional Benchmark Returns (Annualised) | Benchmark Market Value | Additional Benchmark Market Value |
|---|---|---|---|---|---|---|---|
| Since Inception 17 Dec 2021 | 5,20,000 | 6,52,761.06 | 10.50% | 7.45% | 4.80% | 6,11,516.78 | 5,77,507.31 |
| 5 Years | 6,00,000 | - | - | - | - | - | - |
| 3 Years | 3,60,000 | 3,88,827.22 | 5.09% | 1.72% | 0.48% | 3,69,587.20 | 3,62,650.79 |
| 1 Year | 1,20,000 | 1,09,187.67 | -16.43% | -18.58% | -18.42% | 1,07,722.16 | 1,07,835.63 |
Fund Quants
Portfolio
Asset Cap Mix
Portfolio Summary
No. of stocks
10
Top 10 Stocks (%)
25.42%
Top 5 Stocks (%)
16.23%
Top 3 Stocks (%)
11.74%
Holdings
| Stocks | % of holdings |
|---|---|
| HDFC Bank Limited | 4.94 |
| ICICI Bank Limited | 4.04 |
| State Bank of India | 2.76 |
| Shriram Finance Limited | 2.25 |
| Reliance Industries Limited | 2.24 |
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Frequently asked questions
What are multi cap funds?
According to SEBI, multi cap funds are obligated to keep at least 75% of their assets invested in equity and equity-related instruments at all times. Therefore, their portfolios must ensure that at least 25% of their assets are invested in large cap stocks, 25% in mid cap stocks, and 25% in small cap stocks respectively.
What are the different market caps?
Market capitalization, or market cap, is a measurement of a company's size. According to SEBI, all companies that are listed on the stock exchanges are ranked based on their market cap. The top 100 companies are categorised as large cap companies. Companies ranked from 101st-250th as mid cap companies, and those from 251st onwards as small cap companies.
What are some salient features of large, mid and small cap companies?
Large cap companies generally have an established track record and tend to be less volatile. Mid cap companies are typically riskier than large caps and are in a growing phase. Small cap companies carry even more risk compared to mid -cap companies and have higher growth potential.
How do multi cap funds manage risk?
Multi cap funds help to manage risk through diversification. By investing in stocks of companies with varying market capitalizations and sectors, they spread risk across different segments of the market.
How do Multicap funds adjust to market changes
A: Multicap funds are managed by experienced fund managers who adjust the portfolio allocation based on prevailing market conditions, aiming for the fund to be positioned for optimal performance.
Why choose a Multicap fund over a single segment-focused fund?
Multi cap funds are suitable for investors with a medium to long-term investment horizon. While short-term fluctuations may occur, the diversified nature of these funds may make them suitable for investors looking to build wealth over time.
What is the ideal investment horizon for multi cap funds?
Multi cap funds are suitable for investors with a medium to long-term investment horizon. While short-term fluctuations may occur, the diversified nature of these funds may make them suitable for investors looking to build wealth over time.
How are multi cap funds different from other equity funds?
Unlike funds that focus on a specific market capitalization, multi cap funds allow investors to invest in all market caps and sectors simultaneously. This provides more comprehensive equity exposure within a single fund. This makes the fund positioned to benefit from changing market cycles where different market segments may potentially outperform at different times.
Can multi cap funds provide consistent returns?
While returns from multi cap funds can vary based on market conditions, the aim is to make the most of various market segments during different market cycles. It is important to note that multi cap funds come with very high risk and past performance is not indicative of future results.
What is the advantage of investing in multi cap funds?
Investing in multi cap funds offers several advantages. • The first is simplicity and convenience of investing in multiple companies across market capitalization and eliminating the need to choose between large cap, mid cap, and small cap stocks. • Second, these funds can help capitalize on varying market cycles where one market cap may outperform others. • Third, these funds allow access to companies of all sizes – while large caps are predominantly well-established companies with relatively low volatility, small and midcaps come with greater potential to grow albeit at a higher risk. The combination offers a risk-adjusted portfolio that does not compromise growth prospects
Are multi cap funds suitable for first-time investors?
Yes, multi cap funds are suitable for first-time investors as they provide an opportunity to have exposure to all market capitalizations—large cap, mid cap, and small cap stocks with professional management. This approach allows new investors to access a broad spectrum of growth opportunities across different segments of the market without the need for extensive market knowledge.
How do I invest in multi cap funds?
Investing in multi cap funds is simple. You can invest directly through the websites of fund houses or through online platforms offering mutual fund investment services. Additionally, you can approach banks, financial advisors, or mutual fund distributors to help you with the investment process. Before investing, it's essential to research different funds, consider factors such as risk profile, fund performance vis-à-vis benchmark and peers, expense ratios, and investment objectives. Consult with a financial advisor to align your investments with your financial goals.
What are the tax implications of investing in multi cap funds?
Multi cap funds attract equity taxation as they invest at least 75% of their assets in equity and related instruments. Each investor is advised to consult his or her own tax consultant with respect to the specific tax implications arising out of his or her participation in the scheme.
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