This is the Direct plan of Axis Focused Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.
This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.
View the Growth plan for compounded returns (+8.90% 3Y CAGR)Performance
Scorecard
Not ratedHow this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — too few comparable Equity funds (same plan and option) to rank against yet.
Not enough Focused Fund peers to rank yet
Volatility 16.1% (no category average yet)
1.0% expense (no category average yet)
84% of rolling 3Y windows were positive
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (Focused Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -5.92% | — | — |
| 3M abs | -1.59% | — | — |
| 6M abs | +12.14% | — | — |
| 1Y CAGR | -10.06% | — | — |
| 3Y CAGR | -0.23% | — | — |
| 5Y CAGR | -5.87% | — | — |
Category average across peers in Focused Fund, same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into Axis Focused Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | Nifty 500 TRI | Diff | |
|---|---|---|---|---|
| 2026part | -10.11% | -6.20% | -3.91% | |
| 2025 | -5.04% | +7.94% | -12.98% | |
| 2024 | +5.91% | +16.43% | -10.52% | |
| 2023 | +6.77% | +27.43% | -20.66% | |
| 2022 | -20.42% | +4.34% | -24.76% | |
| 2021 | +14.53% | +31.59% | -17.06% | |
| 2020 | +15.71% | +18.33% | -2.62% | |
| 2019 | +8.72% | +8.95% | -0.23% | |
| 2018 | +1.79% | -2.33% | +4.12% | |
| 2017 | +46.80% | +37.35% | +9.45% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.
Taxation
Taxed as equityThis is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.
Flat, on the whole gain
On gains above ₹1.25 L per financial year
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Equity94.91%
- Cash & Equivalents5.07%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹11,238Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.
AMC Profile
Axis Mutual Fund is run by Axis Asset Management, majority-owned by Axis Bank with the UK's Schroders holding the minority stake. It launched its first scheme in 2009 and grew quickly on a growth-oriented, quality-biased equity style.
Fund Managers
KNKrishnaa NarayanStart date not disclosed
Fund Manager – Foreign Securities
Chartered Accountant and Bachelor of Commerce (Accounts & Finance)
6 years • Axis Asset Managem ent Company Ltd. [Fund Manager - (For Foreign Securities)] - March 01, 2024 till date • Axis Asset Managem ent Company Ltd. (Junior Research Analyst – Equity) – May 12, 2021 – February 29, 2024 • Price Waterhous e & Co LLP - April 22, 2019 – May 07, 2021 of the Fund Manager
- Axis Aggressive Hybrid Fund
- Axis Children's Fund
- Axis Consumption Fund
- Axis ESG Integration Strategy Fund
- Axis Flexi Cap Fund
- Axis Global Equity Alpha Fund of Fund
- Axis Global Innovation Fund of Fund
- Axis Greater China Equity Fund of Fund
- Axis Innovation Fund
- Axis Large & Mid Cap Fund
- Axis Large Cap Fund
- Axis Midcap Fund
- Axis Multi Asset Allocation Fund
- Axis Small Cap Fund
- Axis Value Fund
- Axis Equity Savings Fund - Direct Plan - Growth Option
- Axis Quant Fund - Direct Plan - Growth Option
- Axis Retirement Fund - Aggressive Plan - Direct Plan - Growth Option
- Axis Retirement Fund - Conservative Plan - Direct Plan - Growth Option
- Axis Retirement Fund - Dynamic Plan - Direct Plan - Growth Option
SRSachin RelekarManaging since 01 Feb 2024
Senior Fund Manager and Head of Research - Equity
Master of Management Studies Mumbai University
Manager 23 Years • Axis Asset Management Company Limited - from 24- 01-2024 to till date - • Bandhan Asset Management Company Limited - From 02-12-20 to 23- 01-24 • LIC Mutual Fund Asset Management Company Limited - From 02-12-12 to 01- 12-20
Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
Explore from here
Axis in the news
Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.
Investors should avoid thinking of debt as a risk-free asset class: Devang Shah of Axis Mutual Fund explains why
Livemint · 1d ago
Moneycontrol Hosts Mutual Fund Summit In Delhi
Passionate In Marketing · 1d ago
539671.BO interactive stock chart | Axis Mutual Fund - Axis Hybrid Fund - Series 30 stock
Yahoo Finance Australia · 1d ago
Axis Pension Fund launches NPS Swasthya scheme for healthcare expenses
Fortune India · 5d ago
Axis Nifty Capital Markets Index Fund - Regular Plan Portfolio
The Economic Times · 5d ago
Axis MF's Shreyash Devalkar backs financials, says IT remains a trade despite correction
CNBC TV18 · 6d ago
Axis ELSS- Tax Saver Fund - Regular IDCW Payout
Alice Blue · 6d ago
Debt mutual funds: Axis MF suggests where to invest as RBI may raise rates by 50-75 bps over next 6 months
Livemint · 6d ago
Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Focused funds
Focused funds hold a concentrated portfolio of at most 30 stocks. Higher conviction can mean higher returns, but a few positions carry more of the outcome — so more concentration risk.
Frequently asked questions
What is the NAV of Axis Focused Fund?
As of 05 Oct 2026, the NAV of Axis Focused Fund is ₹31.49 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Axis Focused Fund delivered?
Axis Focused Fund has returned -10.06% over 1 year, -0.23% per year over 3 years, -5.87% per year over 5 years and +7.44% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of Axis Focused Fund?
Axis Focused Fund charges an expense ratio of 1.04% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of Axis Focused Fund?
Axis Focused Fund's largest holdings are ICICI Bank Limited (8.2%), Eternal Limited (7.5%), Divi's Laboratories Limited (6.2%), Cholamandalam Investment and Finance Company Ltd (5.4%) and Bajaj Finance Limited (5.4%). Holdings are disclosed monthly and change over time.
How risky is Axis Focused Fund?
Axis Focused Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 16.1% and its worst peak-to-trough fall in our sample was -40.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of -0.42 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Axis Focused Fund's -0.42 means it has not compensated investors for its volatility over the window. Higher is better.
What is the benchmark of Axis Focused Fund?
Axis Focused Fund is benchmarked against the Nifty 500 TRI. Its alpha and beta on this page are measured against that index.
Who manages Axis Focused Fund?
Axis Focused Fund is managed by Krishnaa Narayan and Sachin Relekar at Axis.
How is Axis Focused Fund taxed?
Axis Focused Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.