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Axis Equity Savings Fund - Direct Plan - Monthly IDCW Option

The investment objective of the scheme is to provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.Read more

AMC websiteScheme documentsNAV history (AMFI)हिंदी में

Axis Mutual FundEquity Savings FundsDirect · IDCW (income distribution)Riskometer: Moderately High Risk
NAV · 16 Oct 2026₹13.1800▲ 0.30% (1 day)
  • Current NAV₹13.1800
  • Fund Size (AUM)₹ 855 Cr.
  • Expense Ratio1.55 %
  • 1Y Return-4.97%
  • 3Y Return (CAGR)+0.69%
  • 5Y Return (CAGR)-1.13%
  • Category Rank (3Y)—
  • RiskometerModerately High Risk
  • Min. SIP / Lump sum₹ 100 / ₹ 500
More figures (11)
  • Since Launch (CAGR)+2.49%
  • Benchmark—
  • Volatility (3Y)5.72 %
  • Sharpe Ratio (3Y)-1.01
  • Beta (3Y)—
  • 52-week High / Low₹13.9600 / ₹12.9400
  • Max Drawdown-18.8 %
  • Launched14 Aug 2015
  • Lock-inNone
  • Portfolio Turnover—
  • Fund ManagersDevang Shah, Hardik Shah, Mayank Hyanki +1

Performance chart

Past performance may or may not be sustained in future.

Quick take

  • Over 5 years it returned -1.1% a year.
  • Volatility over 3 years was 5.7% a year, with a Sharpe ratio of -1.01.
  • Its biggest fall from a peak was 18.8% (27 Aug 2018 to 23 Mar 2020).
  • Across all 3-year periods since launch, yearly returns ranged from -3.7% to 9.0% and were positive 96% of the time.
  • Expense ratio 1.55%, fund size ₹855 crore.

Pros

  • Long track record of 11.2 years since 20 Aug 2015.

Cons

  • Expense ratio of 1.55% is above the category median of 1.22%.

Pros and cons are generated automatically from the scheme's published figures. They are observations about past data, not a recommendation to invest, switch or redeem.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language.

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Returns vs benchmark and category

Returns (%)1W1M3M6MYTD1Y2Y3Y5Y7Y10YSince launch
This fund+0.69%-0.98%-2.23%-1.20%-4.28%-4.97%-4.07%+0.69%-1.13%+2.34%+2.26%+2.49%

Point-to-point NAV returns as on 16 Oct 2026; over 1 year, yearly compounded (CAGR). Category: Direct Growth plans in Equity Savings Funds. Q1 = top quarter by return over that period.

Calendar-year returns

Year2026 YTD2025202420232022202120202019201820172016
This fund-4.28%-1.43%+4.25%+6.52%-7.09%+7.63%+11.72%+2.46%-0.72%+8.96%+0.69%

January to December each year; the current year is to date.

Month-by-month returns (%)

YearJanFebMarAprMayJunJulAugSepOctNovDecYear
2026-1.5-0.2-4.42.4-0.61.51.1-0.3-2.50.3
2025-1.5-3.52.41.20.40.4-0.9-0.80.01.30.5-0.7-1.4
20240.51.00.00.20.02.41.70.80.7-2.60.3-0.64.3
2023-1.5-0.9-0.71.11.71.01.4-0.40.4-1.32.92.86.5
2022-1.9-1.3-0.3-2.3-1.6-2.73.81.2-2.01.20.9-2.2-7.1
2021-2.32.30.5-0.62.40.91.93.40.20.1-1.50.47.6
20200.2-1.3-10.45.2-1.94.33.10.90.22.85.73.611.7
2019-0.7-0.42.70.51.6-1.9-2.00.41.81.4-0.4-0.52.5
20180.5-1.8-0.42.70.0-0.42.60.5-4.1-2.52.6-0.4-0.8
20173.00.02.90.6-0.20.21.8-0.5-0.60.9-0.30.99.0

Change in NAV from the last business day of one month to the last business day of the next. Positive in 65 of 118 months shown (55%). "Year" is shown for complete calendar years.

Risk and consistency

Risk measure3 years5 years
Volatility (standard deviation) ?5.72%6.12%
Sharpe ratio ?-1.01-1.25
Sortino ratio ?-1.27-1.55
Maximum drawdown-10.94%-13.67%

Rolling 3-year returns (yearly)

Lowest-3.69%
Median+3.03%
Highest+9.00%
Positive96% of periods
Above 12% a year0% of periods

Rolling 5-year returns (yearly)

Lowest-1.23%
Median+3.88%
Highest+6.75%
Positive98% of periods
Above 12% a year0% of periods

Every 3- and 5-year period since launch, checked weekly. It shows how consistent returns were, whenever someone invested.

How it handled market falls

Biggest falls in this fund's NAV

PeakBottomFallBack to the peak onTime to recover
27 Aug 201823 Mar 2020-18.8%4 Nov 20207 months
18 Oct 202128 Mar 2023-13.7%25 Jun 202415 months
25 Sep 202430 Mar 2026-10.9%Not yet—
28 Jul 201626 Dec 2016-6.5%24 Mar 20173 months
1 Jan 201625 Feb 2016-6.1%27 Apr 20162 months

Falls of 5% or more from a previous high, deepest first. Time to recover runs from the bottom to the day the NAV regained its old high.

SIP returns: ₹10,000 every month

SIP forInvestedValue todayGainXIRR
1Y₹1,20,000₹1,16,797₹-3,203-4.89%
3Y₹3,60,000₹3,47,068₹-12,932-2.36%
5Y₹6,00,000₹5,93,237₹-6,763-0.45%
10Y₹12,00,000₹12,96,883₹96,883+1.53%

A ₹10,000 instalment on the same date every month, valued at the latest NAV. XIRR is the yearly return on those dated instalments. Try the SIP calculator.

What your investment would be worth

Worked out from the scheme's weekly NAVs (instalments on the first NAV of each month), so it can differ slightly from your statement. Past performance may or may not be sustained in future. Plan a future SIP.

Compare with all Equity Savings Funds (22)

S.No.Scheme (Direct plans, Growth)6M %1Y %3Y % CAGR5Y % CAGRExpense ratio %Fund size ₹ Cr
1.Aditya Birla Sun Life Equity Savings FundAditya Birla Sun Life Mutual Fund————1.221,116
2.Axis Equity Savings FundAxis Mutual Fund————1.55855
3.Bajaj Finserv Equity Savings FundBajaj Finserv Mutual Fund——————
4.BANDHAN EQUITY SAVINGS FUNDBandhan Mutual Fund————0.66393
5.Baroda BNP Paribas Equity Savings FundBaroda BNP Paribas Mutual Fund————1.33267
6.DSP Equity Savings FundDSP Mutual Fund————1.093,087
7.Edelweiss Equity Savings FundEdelweiss Mutual Fund————1.151,704
8.Franklin India Equity Savings FundFranklin Templeton Mutual Fund————0.82560
9.HDFC Equity Savings FundHDFC Mutual Fund————1.295,532
10.HSBC Equity Savings FundHSBC Mutual Fund————1.471,558
11.Invesco India Equity Savings FundInvesco Mutual Fund————1.49268
12.Kotak Equity Savings FundKotak Mahindra Mutual Fund————1.0710,443
13.LIC MF Equity Savings FundLIC Mutual Fund————1.8839
14.Mahindra Manulife Equity Savings FundMahindra Manulife Mutual Fund————1.25519
15.Mirae Asset Equity Savings FundMirae Asset Mutual Fund————0.721,994
16.PGIM India Equity Savings FundPGIM India Mutual Fund————1.1056
17.quant Equity Savings Fundquant Mutual Fund——————
18.SBI EQUITY SAVINGS FUNDSBI Mutual Fund————1.475,413
19.Sundaram Equity Savings Fund (Formerly Known as Principal Equity Savings Fund)Sundaram Mutual Fund————0.65943
20.Union Equity Savings FundUnion Mutual Fund————2.14114
21.UTI - Equity Savings FundUTI Mutual Fund————1.07804
22.WhiteOak Capital Equity Savings FundWhiteOak Capital Mutual Fund——————
Median: 22 schemes————1.22855

Detailed comparison with another fund About Equity Savings Funds

Sorted by 3-year return; tap a heading to sort. Expense ratio and fund size are from published scheme data ("—" = not available yet). Sorting by past returns is a way to explore data, not a ranking of which fund to choose.

Scheme details

Investment objective
The investment objective of the scheme is to provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.
Fund managers
Devang Shah, Hardik Shah, Mayank Hyanki, Krishnaa N
Fund house
Axis Mutual Fund
Category
Equity Savings Funds · Hybrid
Plan / option
Direct · IDCW (income distribution)
AMFI scheme code
135121
ISIN
INF846K01VK1, INF846K01VL9
Scheme documents
SID, KIM and factsheets (fund house website) · exit load and full portfolio are in these documents.

Tax on your gains

Likely tax treatment: Equity-oriented fund

  • Held 12 months or less: short-term gain taxed at 20%.
  • Held over 12 months: long-term gain taxed at 12.5% on gains above ₹1.25 lakh a year (the ₹1.25 lakh exemption covers all your equity funds and shares together).
  • Dividends (IDCW option) are added to your income and taxed at your slab rate; the fund deducts 10% TDS when they exceed ₹10,000 in a year.
  • Switching from one scheme or plan to another counts as selling and buying.
  • Surcharge and 4% health and education cess apply on top of these rates.
Fund typeShort-termLong-term
Equity-oriented20% (up to 12 months)12.5% above ₹1.25 lakh
Debt-oriented (bought from Apr 2023)Slab rateSlab rate
Gold, international, other hybridSlab rate12.5% (after 12 or 24 months)

Exit load, if any, is set out in the scheme's KIM (scheme documents). Tax rules change from time to time and depend on your situation; please confirm with your tax adviser. This is general information, not tax advice.

Fund managers

DS
HS
MH
Mayank HyankiFund manager
KN

From the scheme details published by the fund house. "Also manages" lists schemes we have on record and grows as more schemes are viewed.

Latest news: Axis Mutual Fund

Headlines from Google News about this fund house and its schemes over the last 30 days. Lists of "best funds" and buy or sell calls are left out. Links open the publisher's site.

Questions about this scheme

What is the NAV of Axis Equity Savings Fund today?
The latest NAV of Axis Equity Savings Fund - Direct Plan - Monthly IDCW Option is ₹13.1800 as on 16 Oct 2026, as published by AMFI. NAVs are updated every business day evening.
What returns has Axis Equity Savings Fund given?
As on 16 Oct 2026: 1 year -4.97%, 3 years +0.69% a year, 5 years -1.13% a year. Past returns may or may not be sustained in future.
What is the expense ratio of Axis Equity Savings Fund?
The expense ratio of the Direct plan is 1.55% (as of Aug 2026). It is already deducted in the NAV.
How risky is this fund?
Its riskometer level is Moderately High Risk. Over 3 years its volatility was 5.7% a year and its biggest fall from a peak was 10.9%. Mutual fund investments are subject to market risks.
What is the difference between Direct and Regular plans?
Both plans hold the same portfolio. A Direct plan is bought straight from the fund house and has a lower expense ratio. A Regular plan is bought through a distributor, who is paid a commission from the expense ratio, so its NAV grows slightly slower.
What are Equity Savings Funds?
Equity Savings Funds combine equity, arbitrage positions and debt (at least 65% in equity including arbitrage, at least 10% in debt).
How are gains from Axis Equity Savings Fund taxed?
It is taxed as an equity-oriented fund: gains on units held up to 12 months are taxed at 20%; after 12 months, gains above ₹1.25 lakh a year are taxed at 12.5% (plus surcharge and cess).
Important. NAVs are from AMFI and mfapi.in; benchmark closes from Yahoo Finance; expense ratio, fund size and managers from published scheme data (Kuvera). Figures may be delayed; confirm with the fund house before transacting. Ranks and quartiles are positions by past return and are not a rating or recommendation. Mutual fund investments are subject to market risks; read all scheme-related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934) and earns commission from fund houses on Regular plans (see Disclosures).
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