Fundalysisby DARKHORSESTOCKS

Fund manager · Axis

Ashish Naik

Fund Manager at Axis. Runs 4 schemes worth ₹36,358 Cr.

  • Fund house

    AxisThey run their schemes at Axis.

  • AUM they run

    ₹36,358 CrThe AUM of the schemes they run, as main or co-manager, at the latest month's end, as AMFI reports it. A scheme two people run counts for both.

  • Schemes

    4 now · 14 beforeSchemes they run now, as main or co-manager, and ones they ran before, since Aug 2024.

  • Experience

    15 yearsOver 15 years.

Profile(Axis's SAI, 30 Jun 2026)

About

Role
Fund Manager
Studied
BE Computer s, PGDBM, FRM (GARP)
Age
43 years
Experience
Over 15 years.

Schemes now4

  1. Axis ELSS Tax Saver Fund₹30,352 Cr
  2. Axis Multi Asset Allocation Fund₹2,615 Cr
  3. Axis Business Cycles Fund₹2,041 Cr
  4. Axis Innovation Fund₹1,350 Cr

AUM they run(Feb 2019 – Sept 2026)

AUM at month end each month, and its change on the month before
12 months₹ CrChange
Sept 202636,358−6.1%
Aug 202638,732+1.4%
Jul 202638,189+2.0%
Jun 202637,454+0.9%
May 202637,104−0.5%
Apr 202637,293+9.6%
Mar 202634,041−12.9%
Feb 202639,103+2.0%
Jan 202638,346−2.5%
Dec 202539,311−2.6%
Nov 202540,348−0.8%
Oct 202540,656+3.2%
AUM at month end, Sept 2026
₹36,358 Cr
−10.6% since Oct 2025
Fig. 1.The AUM of the schemes Ashish Naik ran at each month's end, each only in the months they ran it, ₹ crore. A scheme two people run counts in full for both. Source: AMFI.

Schemes over time(Jun 2016 – now)

  1. Multi Asset Allocation Fund
  2. Conservative Hybrid Fund
  3. Childrens Fund
  4. Nifty 50 ETF
  5. Aggressive Hybrid Fund
  6. Nifty 100 Index Fund
  7. Innovation Fund
  8. Quant Fund
  9. Nifty Bank ETF
  10. Nifty India Consumption ETF
  11. Arbitrage Fund
  12. Business Cycles Fund
Axis20172019202120232025
Fig. 1.The schemes they ran when, the oldest first: each from the date its fund house gives, or the first document listing them where it gives none, to when they left, coloured by fund house.

Schemes(Jun 2016 – now)

Axis

4 now · since Jun 2016
  1. Axis ELSS Tax Saver Fund
    Co-manager, equityAug 2023—3y 3m₹30,352 CrTax Saver (ELSS)TER 1.06%
  2. Axis Business Cycles Fund
    Fund manager, equityFeb 2023—3y 9m₹2,041 CrThematicTER 1.60%

Source.Each scheme's Scheme Summary Document at AMFI and its filings at NSE.

Performance(18 schemes)

Growth · Direct plans, Regular before 2013

Return as manager
+15.65%
Beat peers
4 of 16
vs peers
−1.40 pt
Longest run
10.4 years
Beat benchmark
Upcoming
Each scheme Ashish Naik ran, against its peers and benchmark over the same months. Source: AMFI. Click a column's header to sort by it.
Axis Conservative Hybrid Fund
Jun '16–Dec '24 · 8.5y
+8.27%+9.61%−1.34 pt––
Axis Multi Asset Allocation Fund
Jun '16–now · 10.4y
+11.77%+13.86%−2.09 pt––
Axis Childrens Fund
Jul '16–Dec '24 · 8.4y
+12.53%+13.87%−1.34 pt––
Axis Nifty 50 ETF
Jul '17–Dec '24 · 7.4y
−16.18%+10.54%−26.72 pt––
Axis Aggressive Hybrid Fund
Aug '18–Dec '24 · 6.3y
+13.18%+14.64%−1.46 pt––
Axis Nifty 100 Index Fund
Oct '19–Dec '24 · 5.1y
+16.86%+16.30%+0.56 pt––
Axis Innovation Fund
Dec '20–now · 5.8y
+15.26%+16.20%−0.95 pt––
Axis Arbitrage Fund
May '22–Dec '24 · 2.6y
+7.13%+7.21%−0.08 pt––
Axis Quant Fund
May '22–Dec '24 · 2.6y
+19.93%+23.74%−3.82 pt––
Axis Nifty Bank ETF
May '22–Dec '24 · 2.6y
+16.05%+15.57%+0.48 pt––
Axis Nifty India Consumption ETF
May '22–Dec '24 · 2.6y
+21.12%+15.57%+5.55 pt––
Axis Business Cycles Fund
Feb '23–now · 3.6y
+16.13%+19.24%−3.11 pt––
Axis Balanced Advantage Fund
Mar '23–Dec '24 · 1.8y
+24.57%+19.99%+4.58 pt––
Axis BSE Sensex ETF
Mar '23–Dec '24 · 1.7y
+22.49%+24.42%−1.93 pt––
Axis ELSS Tax Saver Fund
Aug '23–now · 3.2y
+8.98%+11.53%−2.55 pt––
Axis Large Cap Fund
Aug '23–Dec '24 · 1.3y
+19.98%+24.55%−4.57 pt––
Axis BSE Sensex Index Fund
Feb '24–Dec '24 · 0.8y
+11.01%+10.59%+0.42 pt––
Axis Nifty Bank Index Fund
May '24–Dec '24 · 0.5y
+7.52%+4.78%+2.74 pt––
Fig. 1.Each scheme Ashish Naik ran, against its peers and benchmark over the same months. Source: AMFI.

Works with(5 now)

  1. Aditya PagariaMulti Asset Allocation Fund1 scheme
  2. Akhil ThakkerMulti Asset Allocation Fund1 scheme
  3. Devang ShahMulti Asset Allocation Fund1 scheme
  4. Hardik ShahMulti Asset Allocation Fund1 scheme
  5. Shreyash DevalkarELSS Tax Saver Fund1 scheme

Career(Jun 2016 – now)

Axis Asset

  1. Position not stated
    Jun 2016—10y 5m

Source.Axis's Statement of Additional Information, as of 30 Jun 2026.