This equity large and mid cap fund has generated 22.7% returns in 5 years: Should you invest?
Axis Growth Opportunities Fund, launched in October 2018, invests in large and mid-cap stocks with a growth focus. The fund, managed by Shreyash Devalkar and Hitesh Das, includes overseas equities for diversification. The fund runs a highly dive...
By ET Bureau | Updated:
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Is it the right time to invest in Axis Growth Opportunities Fund? Read here
ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
EXPENSE RATIO# (%) 1.69 EXIT LOAD For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days. *AS ON 31 OCT 2024 **AS ON 3 DEC 2024 #AS ON 31 OCT 2024
FUND MANAGER SHREYASH DEVALKAR/ HITESH DAS 1 YEAR, 3 MONTHS EACH
Should You Buy? This fund leans towards quality and growth style, targeting market leaders in emerging industries or higher growth businesses in established sectors. Apart from its large-cap and mid-cap bias, it also invests in overseas equities as a diversification strategy. The fund runs a highly diversified portfolio with around 120 stocks, allowing modest positions in its top bets. The fund has built a decent track record in its running time of six years, beating the index and its peers. However, its return profile has slipped slightly in recent years as the growth theme has withered. It can be expected to recover ground once the market conditions favour its investing style.
