Axis Flexi Cap Fund
Flexi CapVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹27.85+0.22%1 day
- Return since launch
- 12.3%
- 52-week range
- ₹23.44 — ₹28.85
- AUM
- ₹13,943 Cr
Axis Flexi Cap Fund is a Flexi Cap equity fund from Axis Mutual Fund with ₹13,943 Cr under management, launched in 2017. Over three years it has returned 8.1% a year, against 11.5% for its category. The expense ratio is 1.83% 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 +5.4% against -0.2% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 9.0% | +6.2 pts | 2.8% | 0.4% |
| 2Y | 6.4% | +3.1 pts | 3.3% | 1.1% |
| 3Y | 8.1% | −3.4 pts | 11.5% | 3.7% |
| 5Y | 10.4% | +0.6 pts | 9.8% | 9.1% |
| 7Y | 11.8% | −1.4 pts | 13.2% | 11.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -3.0% | +0.3 pts | -3.3% | -3.2% |
| 3M | 2.2% | +1.4 pts | 0.8% | 0.5% |
| 6M | 15.8% | +3.8 pts | 12.0% | 11.1% |
| 1Y | 5.4% | +2.6 pts | 2.8% | -0.2% |
| 2Y | 0.0% | +1.6 pts | -1.6% | -3.2% |
| 3Y | 12.7% | +1.2 pts | 11.5% | 9.9% |
| 5Y | 7.2% | −2.6 pts | 9.8% | 8.7% |
| 7Y | 12.2% | −2.2 pts | 14.4% | 12.4% |
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
1.84%
Expense ratio as on 24 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.46%
- Brokerage
- 0.04%
- Transaction charges
- 0.00%
- Statutory levies
- 0.34%
- 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 | 5.64 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.97 | 1.04 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.59 | 0.74 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.71 | 0.98 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.49 | 17.32 | 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 31 Aug 2026
Asset allocation
- Equity91.0%
- Debt7.6%
- Other1.4%
Market cap split
- Large58.8%
- Mid21.2%
- Small20.0%
- P/E
- 33.21
- P/B
- 4.80
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 8.98% | ₹1,252 Cr | +17.32% | +19.23% | +14.02% |
| ICICI Bank Ltd. | Financial | 7.85% | ₹1,095 Cr | +7.49% | +9.31% | +9.08% |
| Eternal Ltd. | Services | 4.44% | ₹619 Cr | +3.71% | +3.18% | +3.60% |
| Bajaj Finance Ltd. | Financial | 4.26% | ₹595 Cr | +3.94% | +3.43% | +5.15% |
| Apar Industries Ltd. | Consumer Staples | 4.06% | ₹566 Cr | +3.12% | +2.61% | +1.80% |
| Bharat Electronics Ltd. | Capital Goods | 3.50% | ₹489 Cr | +3.84% | +4.07% | +3.40% |
| State Bank of India | Financial | 3.19% | ₹445 Cr | +3.21% | +1.94% | 0.00% |
| Axis Bank Ltd. | Financial | 3.09% | ₹431 Cr | +3.38% | +1.55% | — |
| Krishna Institute of Medical Sciences Ltd | Healthcare | 2.94% | ₹410 Cr | +3.27% | +3.15% | +3.52% |
| Mahindra & Mahindra Ltd. | Automobile | 2.56% | ₹357 Cr | +2.62% | +3.18% | +3.37% |
| TVS Motor Company Ltd. | Automobile | 2.39% | ₹333 Cr | +1.73% | +1.55% | +1.32% |
| Interglobe Aviation Ltd. | Services | 2.38% | ₹332 Cr | +1.94% | +2.04% | +3.02% |
| Sansera Engineering Ltd. | Automobile | 2.29% | ₹320 Cr | +1.80% | +1.45% | +0.91% |
| PB Fintech Ltd. | Services | 2.17% | ₹302 Cr | +2.13% | +1.64% | +2.00% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 2.15% | ₹300 Cr | +1.97% | +2.18% | +2.05% |
| HDFC Bank Ltd. | Financial | 2.12% | ₹296 Cr | +2.46% | +5.85% | +7.55% |
| Bharti Airtel Ltd. | Communication | 2.10% | ₹293 Cr | +2.34% | +4.33% | +4.71% |
| One97 Communications Ltd. | Services | 1.77% | ₹246 Cr | — | — | — |
| Infosys Ltd. | Technology | 1.67% | ₹233 Cr | +1.06% | +3.04% | +3.25% |
| Titan Company Ltd. | Consumer Discretionary | 1.65% | ₹230 Cr | +1.45% | +1.22% | +1.03% |
| Samvardhana Motherson International Ltd. | Automobile | 1.65% | ₹230 Cr | +1.55% | +1.39% | +0.97% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 1.57% | ₹219 Cr | +2.23% | +0.78% | +0.33% |
| Navin Fluorine International Ltd. | Chemicals | 1.56% | ₹217 Cr | +1.28% | +1.02% | +0.69% |
| GE Vernova T&D India Ltd | Capital Goods | 1.56% | ₹217 Cr | +2.21% | +1.62% | +1.47% |
| The Indian Hotels Company Ltd. | Services | 1.51% | ₹211 Cr | +1.48% | +1.48% | +1.70% |
| Solar Industries India Ltd. | Chemicals | 1.37% | ₹191 Cr | +1.37% | +1.00% | +0.93% |
| Cummins India Ltd. | Capital Goods | 1.26% | ₹175 Cr | +1.62% | +1.32% | +0.77% |
| Welspun Corp Ltd. | Metals & Mining | 1.20% | ₹167 Cr | +0.76% | — | — |
| Ipca Laboratories Ltd. | Healthcare | 1.18% | ₹165 Cr | +1.01% | +0.99% | — |
| Sai Life Sciences Ltd. | Healthcare | 1.17% | ₹164 Cr | +1.03% | +0.87% | +0.72% |
| Torrent Power Ltd. | Energy | 1.15% | ₹160 Cr | +1.48% | +1.61% | +1.28% |
| Fine Organic Industries Ltd. | Chemicals | 1.15% | ₹160 Cr | +1.11% | +1.11% | +1.11% |
| Hindustan Aeronautics Ltd. | Capital Goods | 1.06% | ₹148 Cr | +1.05% | +0.93% | +1.63% |
| L&T Finance Ltd. | Financial | 1.03% | ₹144 Cr | +1.42% | +1.38% | +0.99% |
| FSN E-Commerce Ventures Ltd. | Services | 1.02% | ₹142 Cr | +0.71% | +0.71% | — |
| Bharat Forge Ltd. | Automobile | 0.98% | ₹136 Cr | +1.00% | — | — |
| Healthcare Global Enterprises Ltd. | Healthcare | 0.83% | ₹116 Cr | +0.80% | +0.50% | +0.03% |
| Ujjivan Small Finance Bank Ltd. | Financial | 0.83% | ₹116 Cr | +0.72% | +0.76% | — |
| The Federal Bank Ltd. | Financial | 0.80% | ₹111 Cr | +0.72% | +1.63% | +0.95% |
| Kei Industries Ltd. | Capital Goods | 0.79% | ₹111 Cr | +0.81% | +0.76% | +0.57% |
| Anthem Biosciences Ltd. | Healthcare | 0.77% | ₹107 Cr | +0.72% | — | — |
| Ultratech Cement Ltd. | Materials | 0.72% | ₹100 Cr | +2.90% | +3.14% | +3.15% |
| Azad Engineering Ltd. | Capital Goods | 0.70% | ₹97.70 Cr | +0.55% | +0.37% | — |
| Trent Ltd. | Services | 0.66% | ₹92.57 Cr | +1.57% | +1.38% | +3.02% |
| Onesource Specialty Pharma Ltd. | Healthcare | 0.66% | ₹91.34 Cr | +0.87% | +0.68% | +0.96% |
| Oil And Natural Gas Corporation Ltd. | Energy | 0.62% | ₹85.89 Cr | +1.00% | — | — |
| company:20765 | Services | 0.57% | ₹79.15 Cr | — | — | — |
| Kaynes Technology India Ltd. | Capital Goods | 0.56% | ₹78.67 Cr | +0.34% | +0.29% | +1.62% |
| Gokaldas Exports Ltd. | Textiles | 0.54% | ₹75.16 Cr | +0.50% | +0.10% | +0.11% |
| company:12475 | Capital Goods | 0.50% | ₹70.04 Cr | — | — | — |
| Tata Motors Ltd. | Automobile | 0.47% | ₹65.70 Cr | +0.42% | +1.18% | — |
| Billionbrains Garage Ventures Ltd. | Financial | 0.47% | ₹65.57 Cr | +0.50% | — | — |
| Gujarat Fluorochemicals Ltd. | Chemicals | 0.45% | ₹62.55 Cr | — | — | — |
| Sterlite Technologies Ltd. | Communication | 0.43% | ₹60.41 Cr | +0.35% | — | — |
| DOMS Industries Ltd. | Consumer Staples | 0.34% | ₹48.00 Cr | +0.37% | +0.39% | +0.37% |
| company:20242 | Healthcare | 0.34% | ₹46.86 Cr | — | — | — |
| Arvind Fashions Ltd. | Textiles | 0.32% | ₹45.17 Cr | +0.36% | +0.34% | +0.41% |
| Neuland Laboratories Ltd. | Healthcare | 0.32% | ₹44.03 Cr | +0.26% | +0.19% | +0.20% |
| Neogen Chemicals Ltd. | Chemicals | 0.31% | ₹43.17 Cr | +0.30% | +0.23% | +0.23% |
| Adani Enterprises Ltd. | Services | 0.30% | ₹41.51 Cr | +0.34% | — | — |
| company:18263 | Capital Goods | 0.24% | ₹32.89 Cr | — | — | — |
| Brigade Hotel Ventures Ltd. | Services | 0.19% | ₹25.90 Cr | +0.22% | +0.22% | +0.32% |
| company:20770 | Capital Goods | 0.11% | ₹15.75 Cr | — | — | — |
| INDO-MIM Ltd. | Capital Goods | 0.07% | ₹9.15 Cr | — | — | — |
| Wakefit Innovations Ltd. | Consumer Discretionary | 0.05% | ₹6.33 Cr | +0.04% | +0.06% | — |
| Sobha Ltd. | Construction | 0.03% | ₹4.50 Cr | +0.15% | +0.29% | +0.30% |
| Meesho Ltd. | Services | 0.02% | ₹2.24 Cr | +0.02% | +0.01% | — |
| TVS Motor Company Ltd - Pref. Shares | Automobile | 0.02% | ₹2.19 Cr | +0.02% | +0.02% | +0.02% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Ultratech Cement Ltd. | 2.82% | 0.72% | -2.10% |
| Mankind Pharma Ltd. | 1.80% | 0.00% | -1.80% |
| One97 Communications Ltd. | 0.75% | 1.77% | +1.02% |
| Apar Industries Ltd. | 3.30% | 4.06% | +0.76% |
| Others | 6.90% | 7.57% | +0.67% |
| company:20765 | 0.00% | 0.57% | +0.57% |
| company:12475 | 0.00% | 0.50% | +0.50% |
| Bajaj Finance Ltd. | 4.76% | 4.26% | -0.50% |
| L&T Finance Ltd. | 1.45% | 1.03% | -0.42% |
| Trent Ltd. | 1.04% | 0.66% | -0.38% |
| Welspun Corp Ltd. | 0.86% | 1.20% | +0.34% |
| company:20242 | 0.00% | 0.34% | +0.34% |
| Sansera Engineering Ltd. | 1.98% | 2.29% | +0.32% |
| Krishna Institute of Medical Sciences Ltd | 3.24% | 2.94% | -0.30% |
| PB Fintech Ltd. | 1.87% | 2.17% | +0.29% |
| Bharti Airtel Ltd. | 2.36% | 2.10% | -0.26% |
| Oil And Natural Gas Corporation Ltd. | 0.85% | 0.62% | -0.24% |
| company:18263 | 0.00% | 0.24% | +0.24% |
| Torrent Power Ltd. | 1.38% | 1.15% | -0.23% |
| Eternal Ltd. | 4.24% | 4.44% | +0.21% |
| HDFC Bank Ltd. | 2.31% | 2.12% | -0.19% |
| Navin Fluorine International Ltd. | 1.37% | 1.56% | +0.18% |
| Kaynes Technology India Ltd. | 0.38% | 0.56% | +0.18% |
| Mahindra & Mahindra Ltd. | 2.74% | 2.56% | -0.18% |
| Gujarat Fluorochemicals Ltd. | 0.27% | 0.45% | +0.18% |
| FSN E-Commerce Ventures Ltd. | 0.85% | 1.02% | +0.17% |
| ICICI Bank Ltd. | 8.02% | 7.85% | -0.17% |
| Cummins India Ltd. | 1.40% | 1.26% | -0.15% |
| Samvardhana Motherson International Ltd. | 1.50% | 1.65% | +0.14% |
| Azad Engineering Ltd. | 0.58% | 0.70% | +0.12% |
| company:20770 | 0.00% | 0.11% | +0.11% |
| Bharat Electronics Ltd. | 3.39% | 3.50% | +0.11% |
| Ipca Laboratories Ltd. | 1.08% | 1.18% | +0.10% |
| Sterlite Technologies Ltd. | 0.34% | 0.43% | +0.09% |
| Sai Life Sciences Ltd. | 1.09% | 1.17% | +0.08% |
| Bharat Forge Ltd. | 1.06% | 0.98% | -0.08% |
| Kei Industries Ltd. | 0.72% | 0.79% | +0.08% |
| Solar Industries India Ltd. | 1.30% | 1.37% | +0.07% |
| Onesource Specialty Pharma Ltd. | 0.72% | 0.66% | -0.07% |
| Axis Bank Ltd. | 3.02% | 3.09% | +0.07% |
| TVS Motor Company Ltd. | 2.46% | 2.39% | -0.07% |
| Cholamandalam Investment and Finance Company Ltd. | 2.22% | 2.15% | -0.07% |
| Fine Organic Industries Ltd. | 1.08% | 1.15% | +0.07% |
| Ujjivan Small Finance Bank Ltd. | 0.90% | 0.83% | -0.06% |
| The Indian Hotels Company Ltd. | 1.57% | 1.51% | -0.05% |
| Interglobe Aviation Ltd. | 2.43% | 2.38% | -0.05% |
| Infosys Ltd. | 1.72% | 1.67% | -0.05% |
| Anthem Biosciences Ltd. | 0.72% | 0.77% | +0.05% |
| Neuland Laboratories Ltd. | 0.27% | 0.32% | +0.05% |
| Healthcare Global Enterprises Ltd. | 0.79% | 0.83% | +0.04% |
| Gokaldas Exports Ltd. | 0.58% | 0.54% | -0.04% |
| Sobha Ltd. | 0.07% | 0.03% | -0.04% |
| CG Power and Industrial Solutions Ltd. | 1.53% | 1.57% | +0.04% |
| The Federal Bank Ltd. | 0.83% | 0.80% | -0.03% |
| Adani Enterprises Ltd. | 0.32% | 0.30% | -0.03% |
| Billionbrains Garage Ventures Ltd. | 0.49% | 0.47% | -0.02% |
| Tata Motors Ltd. | 0.45% | 0.47% | +0.02% |
| Titan Company Ltd. | 1.63% | 1.65% | +0.02% |
| DOMS Industries Ltd. | 0.36% | 0.34% | -0.02% |
| Neogen Chemicals Ltd. | 0.29% | 0.31% | +0.02% |
| Brigade Hotel Ventures Ltd. | 0.20% | 0.19% | -0.01% |
| GE Vernova T&D India Ltd | 1.57% | 1.56% | -0.01% |
| Arvind Fashions Ltd. | 0.33% | 0.32% | -0.01% |
| State Bank of India | 3.20% | 3.19% | -0.01% |
| INDO-MIM Ltd. | 0.06% | 0.07% | +0.01% |
| Wakefit Innovations Ltd. | 0.04% | 0.05% | +0.01% |
| Meesho Ltd. | 0.01% | 0.02% | 0.00% |
| Hindustan Aeronautics Ltd. | 1.06% | 1.06% | 0.00% |
| TVS Motor Company Ltd - Pref. Shares | 0.02% | 0.02% | 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 | ₹5,332 Cr | 2.22% | 12.8% | 9.8% | 15.4% |
 Motilal Oswal Flexi Cap Fund | ₹14,160 Cr | 2.05% | 12.8% | 9.3% | 14.8% |
 Invesco India Flexi Cap Fund | ₹5,709 Cr | 2.07% | 5.7% | 7.8% | — |
 Bank of India Flexi Cap Fund | ₹2,953 Cr | 2.25% | 14.0% | 10.6% | 16.0% |
 360 ONE FlexiCap Fund | ₹2,250 Cr | 2.38% | 15.0% | 10.0% | — |
 ITI Flexi Cap Fund | ₹1,588 Cr | 2.34% | 16.8% | 11.6% | — |
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
- 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 months15.80% absolute | ₹60,000 | ₹69,480 | 15.80% | |
| 1 year5.37% annualised | ₹1,20,000 | ₹1,23,548 | 2.96% | |
| 3 years12.69% annualised | ₹3,60,000 | ₹4,39,958 | 22.21% | |
| 5 years7.23% annualised | ₹6,00,000 | ₹7,24,546 | 20.76% |
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 ₹27.85 as on 25 Sep 2026.
What is the expense ratio of Axis Flexi Cap Fund?
The expense ratio of Axis Flexi Cap Fund is 1.83% 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 9.0% over 1 year, 8.1% over 3 years and 10.4% 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 ₹3,77,445 Cr under management.