Axis Triple Advantage Fund: Fund Review

Predicting the direction of markets — which has been always laced with uncertainty — has become even more difficult. Unforeseeable events play a critical role, too, in determining where the markets might be headed. A case in point is the outbreak of the coronavirus. Keeping in mind this factor, the presence of more than one asset class in one’s portfolio should serve well in the long term for an investor.

Investors can consider multi-asset schemes, which have exposure to equity, debt and commodities. This provides stronger diversification than just plain balanced plans. Among such schemes, investors can look at Axis Triple Advantage, which invests in equity, debt and gold exchange-traded funds (ETFs).

In the present market condition, the debt and gold part would provide a certain degree of stability to the portfolio while the equity component would provide some appreciation. The scheme invests 65-75% of its money in equity (largely mid- and small-sized companies) and 10-15% in debt and gold. The high exposure to equity and reasonably good exposure to gold (negative co-relation to equity and debt) and debt ensure that in almost all market cycles, the scheme can generate steady returns.


In the past one-year, three-year and five-year periods, the scheme has given 21.5%, 10.6% and 7.65% returns, respectively, while its peers in the same time-frames have given an average return of 13.1%, 11% and 7% returns respectively. Thanks to the scheme’s exposure to gold, it contributed 4% returns which upped its one-year performance.

Portfolio change (past 6 months)

New entrants	Complete exits	Increase in allocation
Castrol India, ITC, Bharat Airtel	Gruh Finance, Divis Lab	Ultratech Cement
Tata Steel, Interglobe aviation	Commins India	Bandhan Bank
AIA Engineering, PVR	Torrent Power	JK Lakshmi Cement

Returns (in %)

Period	CAGR return	Hybrid multi-asset allocation - average CAGR return	SIP CAGR return
1 year	21.52	13.50	26.84
3 years	10.66	7.20	13.02
5 years	7.65	6.78	10.95

Top 5 equity holding

Company	P/E	3Y-High	3Y-Low	% Assets
Kotak Mahindra Bank	37.11	5.83	2.13	5.30
HDFC Bank	18.78	5.26	1.92	5.26
Bajaj Finance	52.66	6.70	0.94	5.19

Source: Accord Fintech, compiled by ETIG Database

Expert Take
Shankar S, Certified Financial Planner, Credo Capital

Combining all major financial assets of equity, bonds and gold, this fund is meant for investors looking for the safety of capital and returns over 3-5 years of time. Since its inception in 2010, it has delivered 8.79% each year. In the past one year, it has delivered splendid 21% returns, thanks to high exposure to mid-sized companies and meaningful contribution of gold.