Axis Small Cap Fund is a mutual fund under Axis Mutual Fund’s management, targeting long-term capital appreciation by investing in equity and equity-related instruments of small-cap companies. Since its inception on November 29, 2013, the fund has aimed to generate significant returns through a diversified portfolio of small-cap stocks.
Axis Small Cap Fund – Performance Analysis
Returns
| Period | Investment Amount | Latest Value | Absolute Returns | Annualized Returns | Category Average | Rank within Category |
| 1 Week | ₹10,000 | ₹10,341.60 | 3.42% | – | 3.24% | 11/30 |
| 1 Month | ₹10,000 | ₹11,466.80 | 14.67% | – | 17.10% | 26/29 |
| 3 Month | ₹10,000 | ₹11,469.40 | 14.69% | – | 16.63% | 24/29 |
| 6 Month | ₹10,000 | ₹11,976.80 | 19.77% | – | 21.78% | 20/29 |
| YTD | ₹10,000 | ₹11,981.00 | 19.81% | – | 23.33% | 22/29 |
| 1 Year | ₹10,000 | ₹14,230.30 | 42.30% | 42.17% | 53.77% | 25/26 |
| 2 Year | ₹10,000 | ₹18,253.70 | 82.54% | 35.05% | 41.63% | 22/25 |
| 3 Year | ₹10,000 | ₹19,406.40 | 94.06% | 24.66% | 26.97% | 17/24 |
| 5 Year | ₹10,000 | ₹34,723.40 | 247.23% | 28.23% | 29.70% | 15/21 |
| 10 Year | ₹10,000 | ₹65,054.00 | 550.54% | 20.58% | 19.68% | 7/15 |
| Since Inception | ₹10,000 | ₹102,330.00 | 923.30% | 24.53% | 23.80% | 12/28 |
Peer Comparison
| Metric | Axis Small Cap Fund | Nifty Smallcap 250 TRI | Category Average |
| 1 Year Returns | 42.17% | 66.02% | 53.77% |
| 3 Year Returns | 24.66% | NA | 26.97% |
| 5 Year Returns | 28.23% | NA | 29.70% |
| 10 Year Returns | 20.58% | NA | 19.68% |
| Since Inception | 24.53% | NA | 23.80% |
Axis Small Cap Fund – Portfolio Analysis
Asset Allocation
| Asset Class | Allocation (%) |
| Equity | 93.02% |
| Debt | 0.77% |
| Others | 6.21% |
Equity Holdings
| Market Cap | Allocation (%) |
| Large Cap | 2.1% |
| Mid Cap | 2.73% |
| Small Cap | 57.33% |
| Others | 30.86% |
Top Holdings
| Stock | Sector | Value (₹ Mn) | % of Total Holdings | 1M Change | Quantity |
| Brigade Enterprises Ltd. | Residential, commercial projects | 9212.6 | 4.49% | 0.71% | 71.77 L |
| Blue Star Ltd. | Household appliances | 7971 | 3.89% | 0.10% | 50.56 L |
| Cholamandalam Financial Holdings Ltd. | Investment company | 5791.1 | 2.82% | -0.04% | 53.40 L |
| Narayana Hrudayalaya Ltd. | Hospital | 5628.9 | 2.75% | -0.67% | 47.33 L |
| Birlasoft Ltd. | Computers – software & consulting | 5247.5 | 2.56% | -0.31% | 86.79 L |
Sector Allocation
| Sector | % of Net Assets |
| Financial Services | 18.07% |
| Capital Goods | 14.30% |
| Healthcare | 10.76% |
| Automobile and Auto Components | 8.74% |
| Chemicals | 6.79% |
Axis Small Cap Fund – Risk Ratios
| Metric | Value | Category Average |
| Standard Deviation | 13.14 | 15.33 |
| Beta | 0.67 | 0.8 |
| Sharpe Ratio | 1.19 | 1.14 |
| Treynor’s Ratio | 0.23 | 0.22 |
| Jensen’s Alpha | 2.81 | 2.29 |
Fund Turnover
The fund has a portfolio turnover ratio of 28.00%, which is lower than the category average of 91.97%, indicating a buy-and-hold strategy with less frequent trading.
Tax Treatment
- Long-Term Capital Gains (LTCG): If held for more than one year, gains exceeding ₹1 lakh are taxed at 10%.
- Short-Term Capital Gains (STCG): If held for less than one year, gains are taxed at 15%.
Disclaimer: The information provided in this article is for educational and informational purposes only. It should not be considered investment advice or a recommendation to invest in any particular mutual fund or asset class. Past performance does not indicate future results, and investors should research and consult with a financial advisor before making investment decisions. Investing in mutual funds involves risks, including the possible loss of principal invested.
