EquityValue FundRegularGrowthVery High

Axis Value Fund

Q: What is the NAV of Axis Value Fund?

As of 05 Oct 2026, the NAV of Axis Value Fund is ₹19.29 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Axis Value Fund delivered?

Axis Value Fund has returned +3.64% over 1 year, +15.56% per year over 3 years, +13.59% per year over 5 years and +14.01% 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.

Q: What is the expense ratio of Axis Value Fund?

Axis Value Fund charges an expense ratio of 2.27% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Axis Value Fund?

Axis Value Fund's largest holdings are ICICI Bank Limited (5.1%), HDFC Bank Limited (4.4%), Reliance Industries Limited (3.4%), Shriram Finance Limited (2.9%) and Bharti Airtel Limited (2.4%). Holdings are disclosed monthly and change over time.

Q: How risky is Axis Value Fund?

Axis Value Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.1% and its worst peak-to-trough fall in our sample was -20.8%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.64 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Axis Value Fund's 0.64 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Axis Value Fund?

Axis Value Fund is benchmarked against the NIFTY 500 TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages Axis Value Fund?

Axis Value Fund is managed by Krishnaa Narayan and Nitin Arora at Axis.

Q: How is Axis Value Fund taxed?

Axis Value 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.

Axis Mutual Fund · Best Value Mutual Funds

NAV

₹19.29

+0.36% 1D

as of 05 Oct 2026

This is the Regular plan of Axis Value Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

Compare SIP calculator

Performance

+3.10%absolute

52-week rangePrev NAV ₹19.22

Latest ₹19.29

Low ₹17.1663rd percentile of its 52-week rangeHigh ₹20.53

Scorecard

★★★★★5/5 vs 21 of 23 Value Fund peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How 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. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Value Fund (same plan and option). 21 of the 23 Value Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceStrong

3Y CAGR +15.56% · ranks 3 of 21 Value Funds

RiskModerate

Volatility 14.1% vs 14.3% category avg

CostAverage

2.3% expense vs 2.4% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Ahead of the Value Fund average on 3M/6M/1Y — 1Y by 5.17pp
3-year return (+15.56%) beats the Value Fund average (+10.73%)
5-year return (+13.59%) beats the Value Fund average (+10.24%)
Stronger risk-adjusted returns — Sharpe 0.64 vs 0.28 Value Fund average
Consistent — positive in 100% of rolling 3-year windows

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.27%

Category 2.41%▼0.14%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

23.29

Category —

Excess return per unit of total volatility (rf = 6.5%)

0.64

Category 0.28▲0.36

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

If redeemed / switched-out within 12 months from the date of allotment: a) For 20% of investments: Nil. b) For remaining investments: 1%. If redeemed / switched - out after 12 months from the date of allotment: Nil

Up to 1.00%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹100

NIFTY 500 TRI

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

28 Sep 2021

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-4.93%

Absolute return over the last 3 months (not annualized)

-0.52%

Absolute return over the last 6 months (not annualized)

+10.99%

Absolute return since 1 Jan of this year (not annualized)

-0.10%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+3.64%

3-year annualized return (CAGR)

+15.56%

5-year annualized return (CAGR)

+13.59%

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+14.01%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

14.12%

Excess return per unit of total volatility (rf = 6.5%)

0.64

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.86

Largest peak-to-trough decline over full history

-20.84%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

5.23%

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

0.95

How much of the fund's movement Nifty 500 TRI explains

94.3%

Excess return per unit of beta (market risk)

9.30

Active return over the benchmark per unit of tracking error

1.50

Annualized std dev of fund-minus-benchmark returns

3.76%

Fund's share of benchmark gains in up months (100 = matches index)

113.8%

Fund's share of benchmark losses in down months (lower is better)

90.4%

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Value Fund)

Period	Fund	Category avg.	Diff
1M abs	-4.93%	-4.62%	-0.31%
3M abs	-0.52%	-4.54%	+4.02%
6M abs	+10.99%	+6.45%	+4.54%
1Y CAGR	+3.64%	-1.53%	+5.17%
3Y CAGR	+15.56%	+10.73%	+4.83%
5Y CAGR	+13.59%	+10.24%	+3.35%

Category average across peers in Value Fund (up to 23 funds with data), 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.

Category rank

Vs 23 peers in Value Fund

1Y return

+3.64%

Beats 81% · rank #5

3Y return

+15.56%

Beats 90% · rank #3

5Y return🏆

+13.59%

Beats 100% · rank #1

Sharpe

0.64

Beats 95% · rank #2

Sortino

0.86

Beats 95% · rank #2

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹8.41L

Absolute

+40.23%

XIRR

+13.92%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Axis Value 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	-0.10%	-7.18%	+7.08%
2025	+5.00%	+7.94%	-2.94%
2024	+27.89%	+16.43%	+11.46%
2023	+40.16%	+27.43%	+12.73%
2022	-0.97%	+4.34%	-5.31%
2021part	+3.70%	—	—

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.

History points

1,244

Expense ratio

2.27%

AUM

₹1,552Cr

Portfolio turnover

43%

Exit load

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

23.3

P/B ratio

4.7

Avg market cap

₹3,46,462Cr

P/E & P/B are portfolio-weighted harmonic means across 77 of 88 equity holdings (89% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This 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.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

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.

Peer comparison · Value Fund

Compare all


Axis Value FundThis fund Axis · Regular · Growth	★★★★★	+3.64%	+15.56%	+13.59%	—	2.27%	₹1,552Cr
Quant Value Fund quant · Regular · Growth	★★★★☆	+10.34%	+18.08%	—	—	2.44%	₹1,784Cr
LIC MF Value Fund LIC · Regular · Growth	★★★☆☆	+17.49%	+15.91%	—	—	3.22%	₹212.81Cr
DSP Value Fund DSP · Regular · Growth	★★★★★	+2.62%	+14.46%	+11.39%	—	2.41%	₹1,772Cr
HDFC Value Fund HDFC · Regular · Growth	★★★★☆	+3.02%	+14.12%	+11.90%	—	1.88%	₹7,330Cr
HSBC Value Fund HSBC · Regular · Growth	★★★★☆	-0.89%	+13.40%	—	—	1.84%	₹14,682Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap62.1%
Mid cap22.5%
Small cap15.4%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity96.62%
Cash & Equivalents3.41%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Axis Multicap Fund Axis · Multi Cap Fund	68.5%	★★★★★	1.00%	+18.51%
Axis Retirement Fund - Dynamic Axis · Retirement Fund	58.0% of 80% equity	★★★☆☆	1.34%	+10.86%
Axis Children's Fund Axis · Childrens' Fund	57.8% of 72% equity	★★☆☆☆	1.49%	+7.76%
Edelweiss Balanced Advantage Fund Edelweiss · Dynamic Asset Allocation or Balanced Advantage	57.1% of 83% equity	★★★☆☆	0.81%	+10.06%
Axis Large & Mid Cap Fund Axis · Large & Mid Cap Fund	57.0%	★★★★★	0.83%	+13.98%
Axis Retirement Fund - Aggressive Axis · Retirement Fund	56.5% of 75% equity	★★★☆☆	1.26%	+9.96%
Axis Aggressive Hybrid Fund Axis · Aggressive Hybrid Fund	56.1% of 75% equity	★★☆☆☆	1.18%	+8.70%
Axis Balanced Advantage Fund Axis · Dynamic Asset Allocation or Balanced Advantage	56.0% of 76% equity	★★★★☆	1.07%	+10.83%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

5 holdings — 4.77% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

Welspun Corp LimitedLong-term · Stage I2.17%
PB Fintech LimitedShort-term · Stage I0.92%
Sansera Engineering LimitedLong-term · Stage I0.77%
Cyient DLM LimitedLong-term · Stage I0.66%
Mtar Technologies LimitedLong-term · Stage IV0.25%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-20.8%18 Oct 2021 → 20 Jun 2022
Fell over 8 months, back to the old high on 08 May 2023 — 11 months under water after the low.
-17.6%26 Sep 2024 → 28 Feb 2025
Fell over 5 months, back to the old high on 17 Nov 2025 — 9 months under water after the low.
-12.3%02 Jan 2026 → 30 Mar 2026
Fell over 3 months, back to the old high on 10 Jul 2026 — 3 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹1,552Cr

April - June 2026

+12%

since January - March 2026

+₹199.41Cr

est. net flow, last quarter

At or near its largest, ₹1,552Cr in April - June 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.

Launched

03 Sep 2009

Total AUM

₹3,69,030Cr+2.6% QoQ

Avg AUM · April - June 2026

Website

axismf.com

Fund Managers

KNKrishnaa NarayanManaging since 01 Mar 2024

Role

Fund Manager – Foreign Securities

Education

Chartered Accountant and Bachelor of Commerce (Accounts & Finance)

Experience

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

Funds managed (20)

All schemes Krishnaa Narayan runs →

NANitin AroraStart date not disclosed

Role

Fund Manager - Equity

Education

MSc in Finance and Investments

Experience

16 years, his last 10 • Axis Asset Management Company Limited (February 2, 2018 - till date) • Aviva Life Insurance Company India Limited (June 20, 2016 – January 31, 2018) • Emkay Global Financial Services Limited (March 1, 2013 - May 31, 2016) • Nirmal Bang Institutional Equities Limited (January 3, 2011 - February 28, 2013) • Bloomberg UTV Limited (February 2, 2009 – December 31, 2010)

Funds managed (3)

All schemes Nitin Arora runs →

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

Fund managers

Krishnaa Narayan Nitin Arora

Top holdings

ICICI Bank Limited HDFC Bank Limited Reliance Industries Limited Shriram Finance Limited Bharti Airtel Limited State Bank of India Sona BLW Precision Forgings Limited NTPC Limited Welspun Corp Limited Larsen & Toubro Limited Infosys Limited Bharat Heavy Electricals Limited

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.

Run SIP calculator Add to compare

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 Value funds

Value funds look for stocks trading below what the manager thinks they're worth. The style can lag for long stretches and then catch up quickly, so it rewards patience.

Frequently asked questions

What is the NAV of Axis Value Fund?

As of 05 Oct 2026, the NAV of Axis Value Fund is ₹19.29 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Axis Value Fund delivered?

Axis Value Fund has returned +3.64% over 1 year, +15.56% per year over 3 years, +13.59% per year over 5 years and +14.01% 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 Value Fund?

Axis Value Fund charges an expense ratio of 2.27% 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 Value Fund?

Axis Value Fund's largest holdings are ICICI Bank Limited (5.1%), HDFC Bank Limited (4.4%), Reliance Industries Limited (3.4%), Shriram Finance Limited (2.9%) and Bharti Airtel Limited (2.4%). Holdings are disclosed monthly and change over time.

How risky is Axis Value Fund?

Axis Value Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.1% and its worst peak-to-trough fall in our sample was -20.8%. 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 0.64 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Axis Value Fund's 0.64 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Axis Value Fund?

Axis Value Fund is benchmarked against the NIFTY 500 TRI. Its alpha and beta on this page are measured against that index.

Who manages Axis Value Fund?

Axis Value Fund is managed by Krishnaa Narayan and Nitin Arora at Axis.

How is Axis Value Fund taxed?

Axis Value 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.