Axis Multicap Fund

Q: What are the returns of this mutual fund scheme?

The Axis Multicap Fund is a 4 yrs 2 m old fund and has delivered average annual returns of 14.34% since inception. Axis Multicap Fund Returns 1-Year 3-Year Since Inception 4.64% 21.17% 14.34%

Q: How much does this mutual fund charge as expense ratio?

The Axis Multicap Fund has an expense ratio of 1.77% , representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹17.38-0.97% 1 day change	14.34% p.a.	App exclusive #NA View Ranked Funds	₹9,271 Cr

Historical NAV & returns

NAV: ₹17.38 as on Feb 02, 2026

This fund Category average

Axis Multicap Fund overview

AUM (Fund size)	₹9,271 Cr
Exit load	1.0% Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days!
Lock-in Period	Nil
Age	4 yrs 2 m since Nov 26, 2021
Benchmark	Nifty 500 Multicap 50:25:25 TRI
Min. investment	SIP: ₹1000 & Lumpsum: ₹1000
Expense ratio	1.77% as on Jan 29, 2026
Plan type	Regular
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Axis Multicap Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Jan 31, 2026

Period	This fund	Category average
1 Month	-4.71%	-5.4%
3 Months	-5.8%	-6.49%
6 Months	-1.75%	-2.68%
1 Year	4.64%	3.9%
2 Years	11.86%	7.14%
3 Years	21.17%	17.31%
4 Years	15.28%	12.78%

View returns in detail

Asset allocationas on Dec 31, 2025

Large Cap 45.15%

Mid Cap 27.06%

Small Cap 25.31%

Other Cap 0%

Top holdings

HDFC Bank Ltd.5.78%

ICICI Bank Ltd.3.45%

Reliance Industries Ltd.3.43%

Bharti Airtel Ltd.2.16%

Top sectors

Financial 22.679999999999996%

Automobile 11.700000000000001%

Services 11.23%

Healthcare 10.070000000000002%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Others 1.69%

Allocation by Instruments

CBLO 1.68843276%

Net Receivables 0.43345458%

Cash Margin 0.36591179%

Other Holdings

Others 0.43%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Axis Multicap Fund	-4.71%	-1.75%	4.64%	21.17%	N.A.	N.A.
Nippon India Multi Cap Fund	-5.52%	-4.34%	6.26%	20.49%	22.19%	15.86%
ICICI Prudential Multicap Fund	-5.15%	-1.86%	4.6%	18.94%	16.91%	15.45%
Mahindra Manulife Multi Cap Fund	-4.91%	-1.13%	6.97%	20.13%	18.74%	13.24%
Baroda BNP Paribas Multi Cap Fund	-5.17%	-2.03%	1.06%	17.09%	17.0%	14.85%
ITI Multi Cap Fund	-5.57%	-1.53%	6.4%	18.81%	12.85%	8.64%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Axis Multicap Fund	13.66	0.9	1.08	1.42
Nippon India Multi Cap Fund	13.26	0.87	1.04	1.56
ICICI Prudential Multicap Fund	12.44	0.82	1.01	1.63
Mahindra Manulife Multi Cap Fund	14.42	0.95	0.95	1.35
Baroda BNP Paribas Multi Cap Fund	13.8	0.9	0.8	1.0
ITI Multi Cap Fund	14.93	0.99	0.84	1.05

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Axis Multicap Fund	N.A.	9,271 Cr	4 yrs 2 m	1.77%
Nippon India Multi Cap Fund	N.A.	50,352 Cr	20 yrs 11 m	1.5%
ICICI Prudential Multicap Fund	N.A.	16,263 Cr	31 yrs 5 m	1.73%
Mahindra Manulife Multi Cap Fund	N.A.	6,133 Cr	8 yrs 9 m	1.79%
Baroda BNP Paribas Multi Cap Fund	N.A.	3,142 Cr	22 yrs 5 m	1.96%
ITI Multi Cap Fund	N.A.	1,349 Cr	6 yrs 9 m	1.97%

View all Multi Cap funds

Key risk & return ratios Compared to other funds in the category

Alpha	4.14 vs. 3.2 Higher outperformance against benchmark
Sharpe	1.08 vs. 3.14 Poor risk-adjusted returns
Beta	0.9 vs. 0.53 More sensitive to market's ups & downs
Standard deviation	13.66 vs. 6.98 More volatile performance

Compare Axis Multicap Fund in detail with

About this fund

About Axis Multicap Fund

Axis Multicap Fund is a Multi Cap mutual fund scheme from Axis Mutual Fund. This fund has been in existence for 4 yrs 2 m, having been launched on 26/11/2021. Axis Multicap Fund has ₹9,271 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Axis Multicap Fund as of 02/02/2026 is ₹17.38. The fund has an expense ratio of 1.77%, which is higher than what most other Multi Cap funds charge.

Axis Multicap Fund returns of last 1-year are 4.74%. Since launch, it has delivered 14.31% average annual returns. The fund has doubled the money invested in it every 4 yrs.
Axis Multicap Fund scheme's ability to deliver returns consistently is higher than most funds of its category. Its ability to control losses in a falling market is above average.
The fund has the majority of its money invested in Financial, Automobile, Services, Healthcare, Capital Goods sectors. It has taken less exposure in Financial, Automobile sectors compared to other funds in the category.
The fund's top 5 holdings are in HDFC Bank Ltd., ICICI Bank Ltd., Reliance Industries Ltd., Bharti Airtel Ltd., Fortis Healthcare Ltd..

...

Fund AUM	9,271 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Shreyash Devalkar

Mr. Devalkar is a B.Tech from UDCT Mumbai and PGDM (Management) from JBIMS Mumbai University Prior to joining Axis Mutual Fund he has worked with BNP Paribas Mutual Fund as a Fund Manager, IDFC Capital, JP Morgan Services India and Calyon Bank.

Hitesh Das

Mr. Das is a PGDM, M.Tech, B.Tech Prior to joining Axis Mutual Fund, he has worked with Barclays Securities India Pvt. Ltd., Credit Suisse Securities (India) Pvt. Ltd., Ebusinessware (India) Pvt. Ltd., Yes Bank.

Nitin Arora

Mr. Arora has done M.Sc in Finance and Investments Prior to joining Axis Mutual Fund, he has worked with Aviva Life Insurance Company India Ltd., Emkay Global Financial Services Ltd., Nirmal Bang Institutional Equities Ltd. and Bloomberg UTV Ltd..

Investment objective

The scheme seeks to generate long term capital appreciation by investing in a diversified portfolio of equity and equity related instruments across market capitalization.

Axis Mutual Fund details

No. of schemes	70 view all schemes
Total AUM	3,65,749 Cr as on Dec 31, 2025
Address	23rd Floor, One Lodha Place, S. B. Road, Lower Parel. Mumbai, 400013
Phone	022-24255161

More funds from Axis Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
Axis US Specific Equity Passive FoF	N.A.	191 Cr	26.16%	N.A.
Axis Small Cap Fund	N.A.	26,547 Cr	0.35%	19.17%
Axis Large & Mid Cap Fund	N.A.	15,616 Cr	6.29%	16.29%
Axis Midcap Fund	N.A.	31,717 Cr	6.18%	15.88%
Axis Global Equity Alpha FoF	N.A.	1,441 Cr	24.18%	15.47%
Axis Nifty Midcap 50 Index Fund	N.A.	584 Cr	11.06%	N.A.

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of Axis Multicap Fund?

The current Net Asset Value (NAV) of the Axis Multicap Fund plan is approximately ₹17.38 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Axis Multicap Fund is a 4 yrs 2 m old fund and has delivered average annual returns of 14.34% since inception.

Axis Multicap Fund Returns

1-Year	3-Year	Since Inception
4.64%	21.17%	14.34%

How much does this mutual fund charge as expense ratio?

The Axis Multicap Fund has an expense ratio of 1.77%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The Axis Multicap Fund currently has assets under management (AUM) or fund size valued at approximately 9,271 Cr as on Dec 31, 2025.

What are the top stock holdings of Axis Multicap Fund?

The Axis Multicap Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
HDFC Bank Ltd.	5.78%
ICICI Bank Ltd.	3.45%
Reliance Industries Ltd.	3.43%
Bharti Airtel Ltd.	2.16%
Fortis Healthcare Ltd.	2.0%
Shriram Finance Ltd	1.84%
State Bank of India	1.78%
Minda Corporation Ltd.	1.76%
Mahindra & Mahindra Ltd.	1.72%
Larsen & Toubro Ltd.	1.66%

What are the top sectors Axis Multicap Fund has invested in?

The Axis Multicap Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Financial	22.679999999999996%
Automobile	11.700000000000001%
Services	11.23%
Healthcare	10.070000000000002%
Capital Goods	9.35%
Technology	5.819999999999999%
Energy	5.3100000000000005%
Consumer Staples	5.08%
Construction	3.3499999999999996%
Consumer Discretionary	2.9099999999999997%

What is risk level of Axis Multicap Fund?

This is a Multi Cap fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How can I redeem my investments in Axis Multicap Fund?

Redeeming your investments in the Axis Multicap Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Multi Cap

#NA

Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days