Axis Flexi Cap Fund
Flexi CapVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹28.48+0.53%1 day
- Return since launch
- 12.3%
- 52-week range
- ₹23.44 — ₹28.85
- AUM
- ₹13,100 Cr
Axis Flexi Cap Fund is a Flexi Cap equity fund from Axis Mutual Fund with ₹13,100 Cr under management, launched in 2017. Over three years it has returned 8.5% a year, against 12.4% for its category. The expense ratio is 1.84% and the SEBI riskometer reading is Very High.
Performance
Axis Flexi Cap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +5.1% against -0.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 12.3% | +9.5 pts | 2.8% | 6.2% |
| 2Y | 8.3% | +1.9 pts | 6.4% | 4.0% |
| 3Y | 8.5% | −3.9 pts | 12.4% | 4.8% |
| 5Y | 10.7% | +0.8 pts | 9.9% | 9.5% |
| 7Y | 11.8% | −1.6 pts | 13.5% | 11.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 4.8% | −1.0 pts | 5.8% | 5.9% |
| 3M | -0.3% | +0.2 pts | -0.5% | -0.7% |
| 6M | 9.1% | +3.1 pts | 6.0% | 5.4% |
| 1Y | 5.2% | +2.4 pts | 2.8% | -0.3% |
| 2Y | 5.4% | +2.1 pts | 3.3% | 1.6% |
| 3Y | 13.5% | +1.1 pts | 12.4% | 10.9% |
| 5Y | 7.3% | −2.6 pts | 9.9% | 8.7% |
| 7Y | 12.4% | −2.2 pts | 14.6% | 12.6% |
Since launch (30 Oct 2017): 12.3%
Calendar-year returns
Category average19.3%
28.3%
-8.7%
20.2%
22.1%
1.3%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 1.3% | −2.9 pts | 4.2% |
| 2024 | 22.1% | +0.3 pts | 21.8% |
| 2023 | 20.2% | −9.5 pts | 29.7% |
| 2022 | -8.7% | −10.4 pts | 1.7% |
| 2021 | 28.3% | −6.1 pts | 34.4% |
| 2020 | 19.3% | +0.3 pts | 19.0% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
1.83%
Expense ratio as on 5 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.46%
- Brokerage
- 0.04%
- Transaction charges
- 0.00%
- Statutory levies
- 0.33%
- Exit load
- Exit Load for units in excess of 20% of the investment,1% will be charged for redemption within 12 months.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY 500 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 2.44 | 5.44 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.97 | 1.01 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.47 | 0.62 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.59 | 0.84 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.89 | 17.12 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Axis Flexi Cap Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity90.3%
- Debt11.7%
Market cap split
- Large57.6%
- Mid20.7%
- Small21.7%
- P/E
- 31.57
- P/B
- 4.57
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 7.52% | ₹995 Cr | +7.77% | +7.96% | +8.66% |
| Others | Others | 6.83% | ₹904 Cr | +12.91% | +20.32% | +14.87% |
| Eternal Ltd. | Services | 4.56% | ₹604 Cr | +3.71% | +3.58% | +4.22% |
| Apar Industries Ltd. | Consumer Staples | 4.19% | ₹555 Cr | +3.65% | +2.60% | +1.88% |
| Bajaj Finance Ltd. | Financial | 4.08% | ₹540 Cr | +4.24% | +3.61% | +5.93% |
| Bharat Electronics Ltd. | Capital Goods | 3.46% | ₹458 Cr | +3.64% | +4.14% | +3.68% |
| Axis Bank Ltd. | Financial | 3.07% | ₹406 Cr | +3.34% | +3.37% | — |
| Krishna Institute of Medical Sciences Ltd | Healthcare | 3.05% | ₹404 Cr | +3.32% | +2.96% | +3.37% |
| State Bank of India | Financial | 3.04% | ₹403 Cr | +3.24% | +1.78% | 0.00% |
| Reserve Bank of India | Financial | 2.91% | ₹385 Cr | — | — | — |
| Sansera Engineering Ltd. | Automobile | 2.73% | ₹361 Cr | +1.91% | +1.45% | +0.98% |
| Mahindra & Mahindra Ltd. | Automobile | 2.42% | ₹321 Cr | +2.50% | +2.39% | +3.57% |
| Interglobe Aviation Ltd. | Services | 2.39% | ₹316 Cr | +2.55% | +1.88% | +2.96% |
| TVS Motor Company Ltd. | Automobile | 2.38% | ₹315 Cr | +1.91% | +1.52% | +1.37% |
| HDFC Bank Ltd. | Financial | 2.23% | ₹295 Cr | +2.50% | +3.93% | +7.46% |
| Bharti Airtel Ltd. | Communication | 2.14% | ₹284 Cr | +2.25% | +4.63% | +4.64% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.98% | ₹262 Cr | +2.17% | +1.92% | +2.30% |
| One 97 Communications Ltd. | Services | 1.82% | ₹241 Cr | — | — | — |
| Samvardhana Motherson International Ltd. | Automobile | 1.66% | ₹220 Cr | +1.49% | +1.24% | +1.10% |
| The Indian Hotels Company Ltd. | Services | 1.57% | ₹208 Cr | +1.53% | +1.43% | +1.59% |
| Navin Fluorine International Ltd. | Chemicals | 1.56% | ₹206 Cr | +1.41% | +1.14% | +0.67% |
| Titan Company Ltd. | Consumer Discretionary | 1.56% | ₹206 Cr | +1.49% | +1.25% | +0.94% |
| GE Vernova T&D India Ltd | Capital Goods | 1.55% | ₹205 Cr | +2.01% | +1.73% | +1.54% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 1.54% | ₹204 Cr | +2.19% | +1.21% | +0.60% |
| Infosys Ltd. | Technology | 1.54% | ₹204 Cr | +0.87% | +3.30% | +3.16% |
| Welspun Corp Ltd. | Metals & Mining | 1.43% | ₹190 Cr | +0.80% | — | — |
| Solar Industries India Ltd. | Chemicals | 1.41% | ₹187 Cr | +1.33% | +1.01% | +0.89% |
| PB Fintech Ltd. | Services | 1.34% | ₹177 Cr | +1.93% | +1.78% | +1.90% |
| Sai Life Sciences Ltd. | Healthcare | 1.29% | ₹171 Cr | +1.04% | +0.96% | +0.75% |
| Torrent Power Ltd. | Energy | 1.24% | ₹164 Cr | +1.40% | +1.51% | +1.25% |
| Cummins India Ltd. | Capital Goods | 1.23% | ₹163 Cr | +1.57% | +1.37% | +0.79% |
| Ipca Laboratories Ltd. | Healthcare | 1.21% | ₹161 Cr | +1.06% | +1.17% | — |
| Bharat Forge Ltd. | Automobile | 1.18% | ₹156 Cr | +1.04% | — | — |
| Fine Organic Industries Ltd. | Chemicals | 1.17% | ₹155 Cr | +1.20% | +1.05% | +1.05% |
| Hindustan Aeronautics Ltd. | Capital Goods | 1.08% | ₹143 Cr | +1.01% | +0.94% | +1.77% |
| FSN E-Commerce Ventures Ltd. | Services | 0.98% | ₹130 Cr | +0.80% | +0.71% | +0.70% |
| L&T Finance Ltd. | Financial | 0.89% | ₹118 Cr | +1.46% | +1.32% | +1.13% |
| Ujjivan Small Finance Bank Ltd. | Financial | 0.86% | ₹114 Cr | +0.75% | +0.74% | — |
| Healthcare Global Enterprises Ltd. | Healthcare | 0.80% | ₹106 Cr | +0.75% | +0.54% | +0.51% |
| Anthem Biosciences Ltd. | Healthcare | 0.78% | ₹103 Cr | +0.69% | +0.48% | — |
| Azad Engineering Ltd. | Capital Goods | 0.76% | ₹101 Cr | +0.53% | +0.36% | — |
| The Federal Bank Ltd. | Financial | 0.75% | ₹99.18 Cr | +0.77% | +1.59% | +0.95% |
| Onesource Specialty Pharma Ltd. | Healthcare | 0.69% | ₹91.49 Cr | +0.74% | +0.84% | +0.92% |
| Kei Industries Ltd. | Capital Goods | 0.65% | ₹85.98 Cr | +0.79% | +0.68% | +0.61% |
| Trent Ltd. | Services | 0.64% | ₹84.26 Cr | +1.73% | +1.32% | +1.65% |
| Sterlite Technologies Ltd. | Communication | 0.57% | ₹75.46 Cr | +0.38% | — | — |
| Kaynes Technology India Ltd. | Capital Goods | 0.56% | ₹74.74 Cr | +0.32% | +0.41% | +1.84% |
| TD Power Systems Ltd. | Capital Goods | 0.54% | ₹70.86 Cr | — | — | — |
| Oil And Natural Gas Corporation Ltd. | Energy | 0.52% | ₹69.21 Cr | +0.84% | — | — |
| Gokaldas Exports Ltd. | Textiles | 0.50% | ₹66.20 Cr | +0.63% | +0.10% | +0.11% |
| LEAP India Ltd. | Services | 0.49% | ₹64.98 Cr | — | — | — |
| Billionbrains Garage Ventures Ltd. | Financial | 0.47% | ₹62.79 Cr | +0.52% | — | — |
| Tata Motors Ltd. | Automobile | 0.44% | ₹58.80 Cr | +0.44% | +1.04% | — |
| Gujarat Fluorochemicals Ltd. | Chemicals | 0.44% | ₹58.71 Cr | — | — | — |
| Neogen Chemicals Ltd. | Chemicals | 0.36% | ₹48.08 Cr | +0.31% | +0.20% | +0.25% |
| DOMS Industries Ltd. | Consumer Staples | 0.34% | ₹45.30 Cr | +0.37% | +0.43% | +0.41% |
| Adani Enterprises Ltd. | Services | 0.32% | ₹42.15 Cr | +0.33% | — | — |
| Rubicon Research Ltd. | Healthcare | 0.31% | ₹41.70 Cr | — | — | — |
| Neuland Laboratories Ltd. | Healthcare | 0.31% | ₹40.86 Cr | +0.27% | +0.20% | +0.22% |
| Ultratech Cement Ltd. | Materials | 0.30% | ₹40.24 Cr | +2.69% | +3.00% | +3.01% |
| Cyient DLM Ltd. | Capital Goods | 0.30% | ₹39.27 Cr | — | — | — |
| Arvind Fashions Ltd. | Textiles | 0.29% | ₹38.68 Cr | +0.35% | +0.35% | +0.41% |
| Brigade Hotel Ventures Ltd. | Services | 0.19% | ₹25.03 Cr | +0.21% | +0.23% | +0.30% |
| Aditya Infotech Ltd. | Communication | 0.17% | ₹22.19 Cr | — | — | — |
| SEDEMAC Mechatronics Ltd. | Capital Goods | 0.12% | ₹15.93 Cr | — | — | — |
| Dhoot Transmission Ltd. | Capital Goods | 0.12% | ₹15.90 Cr | — | — | — |
| INDO-MIM Ltd. | Capital Goods | 0.10% | ₹12.99 Cr | — | — | — |
| Wakefit Innovations Ltd. | Consumer Discretionary | 0.05% | ₹6.20 Cr | +0.04% | +0.06% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Reserve Bank of India | 0.00% | 2.91% | +2.91% |
| Others | 7.57% | 8.83% | +1.26% |
| PB Fintech Ltd. | 2.17% | 1.34% | -0.83% |
| Sansera Engineering Ltd. | 2.29% | 2.73% | +0.43% |
| Ultratech Cement Ltd. | 0.72% | 0.30% | -0.41% |
| ICICI Bank Ltd. | 7.85% | 7.52% | -0.34% |
| Welspun Corp Ltd. | 1.20% | 1.43% | +0.24% |
| Bharat Forge Ltd. | 0.98% | 1.18% | +0.20% |
| Bajaj Finance Ltd. | 4.26% | 4.08% | -0.19% |
| Cholamandalam Investment and Finance Company Ltd. | 2.15% | 1.98% | -0.18% |
| Aditya Infotech Ltd. | 0.00% | 0.17% | +0.17% |
| State Bank of India | 3.19% | 3.04% | -0.15% |
| Kei Industries Ltd. | 0.79% | 0.65% | -0.15% |
| Apar Industries Ltd. | 4.06% | 4.19% | +0.14% |
| Mahindra & Mahindra Ltd. | 2.56% | 2.42% | -0.14% |
| Sterlite Technologies Ltd. | 0.43% | 0.57% | +0.14% |
| L&T Finance Ltd. | 1.03% | 0.89% | -0.13% |
| Infosys Ltd. | 1.67% | 1.54% | -0.13% |
| SEDEMAC Mechatronics Ltd. | 0.00% | 0.12% | +0.12% |
| Eternal Ltd. | 4.44% | 4.56% | +0.12% |
| Sai Life Sciences Ltd. | 1.17% | 1.29% | +0.12% |
| HDFC Bank Ltd. | 2.12% | 2.23% | +0.11% |
| Krishna Institute of Medical Sciences Ltd | 2.94% | 3.05% | +0.11% |
| Oil And Natural Gas Corporation Ltd. | 0.62% | 0.52% | -0.09% |
| Torrent Power Ltd. | 1.15% | 1.24% | +0.09% |
| Titan Company Ltd. | 1.65% | 1.56% | -0.09% |
| LEAP India Ltd. | 0.57% | 0.49% | -0.08% |
| Azad Engineering Ltd. | 0.70% | 0.76% | +0.06% |
| Cyient DLM Ltd. | 0.24% | 0.30% | +0.06% |
| The Indian Hotels Company Ltd. | 1.51% | 1.57% | +0.06% |
| Neogen Chemicals Ltd. | 0.31% | 0.36% | +0.05% |
| One 97 Communications Ltd. | 1.77% | 1.82% | +0.05% |
| The Federal Bank Ltd. | 0.80% | 0.75% | -0.05% |
| Bharat Electronics Ltd. | 3.50% | 3.46% | -0.05% |
| Bharti Airtel Ltd. | 2.10% | 2.14% | +0.04% |
| Solar Industries India Ltd. | 1.37% | 1.41% | +0.04% |
| Gokaldas Exports Ltd. | 0.54% | 0.50% | -0.04% |
| FSN E-Commerce Ventures Ltd. | 1.02% | 0.98% | -0.04% |
| Healthcare Global Enterprises Ltd. | 0.83% | 0.80% | -0.04% |
| Onesource Specialty Pharma Ltd. | 0.66% | 0.69% | +0.04% |
| TD Power Systems Ltd. | 0.50% | 0.54% | +0.03% |
| INDO-MIM Ltd. | 0.07% | 0.10% | +0.03% |
| Ipca Laboratories Ltd. | 1.18% | 1.21% | +0.03% |
| Sobha Ltd. | 0.03% | 0.00% | -0.03% |
| Arvind Fashions Ltd. | 0.32% | 0.29% | -0.03% |
| CG Power and Industrial Solutions Ltd. | 1.57% | 1.54% | -0.03% |
| Trent Ltd. | 0.66% | 0.64% | -0.03% |
| Tata Motors Ltd. | 0.47% | 0.44% | -0.03% |
| Hindustan Aeronautics Ltd. | 1.06% | 1.08% | +0.03% |
| Fine Organic Industries Ltd. | 1.15% | 1.17% | +0.02% |
| Ujjivan Small Finance Bank Ltd. | 0.83% | 0.86% | +0.02% |
| Cummins India Ltd. | 1.26% | 1.23% | -0.02% |
| Axis Bank Ltd. | 3.09% | 3.07% | -0.02% |
| Rubicon Research Ltd. | 0.34% | 0.31% | -0.02% |
| Adani Enterprises Ltd. | 0.30% | 0.32% | +0.02% |
| Meesho Ltd. | 0.02% | 0.00% | -0.02% |
| company:20133 | 0.02% | 0.00% | -0.02% |
| Samvardhana Motherson International Ltd. | 1.65% | 1.66% | +0.01% |
| TVS Motor Company Ltd. | 2.39% | 2.38% | -0.01% |
| Anthem Biosciences Ltd. | 0.77% | 0.78% | +0.01% |
| GE Vernova T&D India Ltd | 1.56% | 1.55% | -0.01% |
| Neuland Laboratories Ltd. | 0.32% | 0.31% | -0.01% |
| Dhoot Transmission Ltd. | 0.11% | 0.12% | +0.01% |
| Interglobe Aviation Ltd. | 2.38% | 2.39% | +0.01% |
| Gujarat Fluorochemicals Ltd. | 0.45% | 0.44% | -0.01% |
| Billionbrains Garage Ventures Ltd. | 0.47% | 0.47% | 0.00% |
| Brigade Hotel Ventures Ltd. | 0.19% | 0.19% | 0.00% |
| DOMS Industries Ltd. | 0.34% | 0.34% | 0.00% |
| Wakefit Innovations Ltd. | 0.05% | 0.05% | 0.00% |
| Navin Fluorine International Ltd. | 1.56% | 1.56% | 0.00% |
| Kaynes Technology India Ltd. | 0.56% | 0.56% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹26,441 Cr | 2.01% | 15.2% | 10.1% | 15.1% |
 HDFC Flexi Cap Fund | ₹1,08,547 Cr | 1.36% | 10.6% | 9.6% | 15.2% |
 Motilal Oswal Flexi Cap Fund | ₹13,446 Cr | 1.97% | 15.3% | 9.0% | 14.7% |
 Invesco India Flexi Cap Fund | ₹5,488 Cr | 2.08% | 15.3% | 9.7% | — |
 Bank of India Flexi Cap Fund | ₹3,137 Cr | 2.29% | 13.9% | 9.8% | 15.4% |
 ITI Flexi Cap Fund | ₹1,588 Cr | 2.33% | 21.0% | 12.6% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
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 by targeting undervalued companies that offer opportunities to generate superior capital gains from a medium-to-long term perspective.
Fund managers
- Pratik TibrewalMr. Tibrewal is a B.Com, LLB (Gen) and MBA (Finance).Prior to joining Axis Mutual Fund, he has worked with Inditrade Capital Ltd., Edelweiss Mutual Fund and Edelweiss Commodities trading Ltd..
- Sachin RelekarMr. Relekar is an MMS(Finance) from Jamnalal Bajaj Institute of Management Studies Mumbai and B.E (Mechanical) from K.E.S. College of Engineering Islampur.Prior to joining Axis Mutual Fund, he has worked with Bandhan Mutual Fund (formerly IDFC Mutual Fund), LIC Mutual Fund, Tata AMC, CD Equity Search, Innovision Consulting and Tech Pacific India.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months9.12% absolute | ₹60,000 | ₹65,472 | 9.12% | |
| 1 year5.17% annualised | ₹1,20,000 | ₹1,23,414 | 2.85% | |
| 3 years13.54% annualised | ₹3,60,000 | ₹4,46,063 | 23.91% | |
| 5 years7.31% annualised | ₹6,00,000 | ₹7,26,099 | 21.02% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Axis Flexi Cap Fund?
The NAV of Axis Flexi Cap Fund is ₹28.48 as on 9 Nov 2026.
What is the expense ratio of Axis Flexi Cap Fund?
The expense ratio of Axis Flexi Cap Fund is 1.84% per year.
What is the minimum SIP amount for Axis Flexi Cap Fund?
You can start a SIP in Axis Flexi Cap Fund with ₹3,000 a month.
What returns has Axis Flexi Cap Fund given?
Axis Flexi Cap Fund has returned 12.3% over 1 year, 8.5% over 3 years and 10.7% over 5 years (annualised).
Is there a lock-in or exit load on Axis Flexi Cap Fund?
Lock-in: None. Exit load: Exit Load for units in excess of 20% of the investment,1% will be charged for redemption within 12 months..
How risky is Axis Flexi Cap Fund?
Axis Flexi Cap Fund is rated Very High on the SEBI riskometer and belongs to the Flexi Cap category.
Which fund house manages Axis Flexi Cap Fund?
Axis Flexi Cap Fund is managed by Axis Mutual Fund, which runs 74 schemes with ₹3,91,554 Cr under management.