MonitorDirect · GrowthWatch before adding
Axis Flexi Cap Fund
Axis Mutual FundEquity Schemes - Flexi Cap Fund8.9 years
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.
- NAV
- 30.19
- 29 Oct 2026
- 1Y
- -1.0%
- Trailing CAGR
- Upside capture
- +95%
- Vs NIFTY 500 TRI
- Downside capture
- +84%
- Lower is better
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Prefer peers if · Prefer 360 ONE Flexicap Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
8.9 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.84% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -29.9%. Ask whether you can hold through a similar fall.
Vs category
Fail
25% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Krishnaa Narayan · 2.7 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 44.7% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 30%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-1.0%
- 3Y+13.7%
- 5Y+7.8%
- 10Yn/a
- SI+13.2%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+4.1%
- 3Y+6.4%
- 5Y+10.0%
- 10Yn/a
- Since inception
- +13.2%
- Calendar-day CAGR
- Excess 1Y
- +2.6%
- Category median, same plan and option
- 3Y win rate
- +25%
- Windows beating the median
- 3Y percentile
- 55
- Vs comparable share classes
- SIP 3Y XIRR
- +6.4%
- Simulated monthly SIP
- Worst rolling 3Y
- +8.2%
- 1470 daily-ending windows
- Median rolling 3Y
- +15.4%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 977 daily-ending windows
Official benchmark
Date-aligned against NIFTY 500 TRI. Capture ratios use common month-end observations through 30 Oct 2026.
- 1Y excess
- +6.6%
- Fund minus TRI
- 3Y excess
- +3.3%
- Fund minus TRI
- Upside capture
- +95%
- Benchmark-up months
- Downside capture
- +84%
- Lower is better
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -29.9%
- Worst peak-to-trough
- Current
- -6.3%
- Below last peak
- Current spell
- 59 days
- Days below latest peak
- Time below peak
- +87%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 20 days
- 96 recovered episodes
- Longest recovery
- 530 days
- Trough to prior peak
12 Feb 2020 – 9 Nov 2020
Trough 23 Mar 2020 · recovered in 231 days
-29.9%
14 Oct 2021 – 29 Nov 2023
Trough 17 Jun 2022 · recovered in 530 days
-22.8%
26 Sept 2024 – 30 Jun 2026
Trough 28 Feb 2025 · recovered in 487 days
-18.8%
28 Aug 2018 – 20 May 2019
Trough 23 Oct 2018 · recovered in 209 days
-15.1%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
55
Vs category
66
Consistency
34
Risk-adjusted
51
Drawdown
25
Mean
46
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
No status reasons yet. History is still thin.
Supporting reads
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
30 Sept 2026 · 68 holdings · top 10 are 44.7%.
- Top 5
- 29.2%
- Top 10
- 44.7%
- Largest holding
- 8.8%
- Effective holdings
- 31.1
Others CBLO
Unspecified
8.8%
ICICI Bank Ltd
Financial
7.5%
Zomato Ltd
Technology
4.6%
Apar Industries Ltd
Diversified
4.2%
Bajaj Finance Ltd
Financial
4.1%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
360 ONE Flexicap Fund
360 ONE Mutual Fund
- 1Y
- +2.6%
- 3Y
- +17.0%
- Vol
- 14.9%
- Max DD
- -18.1%
- Sharpe
- 0.71
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
ICICI Prudential Flexi Cap fund
ICICI Prudential Mutual Fund
- 1Y
- -0.5%
- 3Y
- +15.5%
- Vol
- 13.5%
- Max DD
- -19.7%
- Sharpe
- 0.69
- 3Y win
- +96%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
Invesco India Flexi Cap Fund
Invesco Mutual Fund
- 1Y
- -2.8%
- 3Y
- +16.8%
- Vol
- 14.4%
- Max DD
- -19.4%
- Sharpe
- 0.71
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
WhiteOak Capital Flexi Cap Fund
WhiteOak Capital Mutual Fund
- 1Y
- -2.5%
- 3Y
- +14.3%
- Vol
- 12.8%
- Max DD
- -15.6%
- Sharpe
- 0.74
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Mahindra Manulife Flexi Cap Fund
Mahindra Manulife Mutual Fund
- 1Y
- -8.7%
- 3Y
- +9.5%
- Vol
- 13.8%
- Max DD
- -17.2%
- Sharpe
- 0.35
- 3Y win
- +31%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher TER · Lower trailing returns