Fundalysisby DARKHORSESTOCKS

Scheme

Axis Equity Savings Fund

Holds 91 companies worth ₹607 Cr in Sept 2026.

  • Fund house

    AxisThe fund house that runs this scheme.

  • AUM

    ₹854 CrAxis Equity Savings Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 3.6% on Aug 2026, ₹887 Cr.

  • Largest holding

    ICICI BankICICI Bank is 6.9% of this scheme's NAV.

  • Fund manager

    Hardik ShahRuns its co-manager part since 1 Feb 2023, as the fund house dates it. With Devang Shah (co-manager), Mayank Hyanki (co-manager), Krishnaa N (overseas).

Overview(6 Oct 2026)

Fund managers4

  1. Hardik ShahCo-manager, debt · Feb 2023 · 14y · MBA B.E.
  2. Devang ShahCo-manager, debt · Apr 2024
  3. Mayank HyankiCo-manager, equity · May 2024 · 14y · PGDM B.Tech
  4. Krishnaa NOverseas · Dec 2024
  1. Hitesh DasJan 2023 – Dec 2024

Key facts

Benchmark
NIFTY Equity Savings Index
Risk
Moderately High
Expense
Regular 2.7% · Direct 1.56%
Exit load
10% within 1 month
Started
14 Aug 2015
Minimum
₹500

Source.Its Scheme Summary Document as of 6 Oct 2026 at AMFI.

What changed(28 changes)

Oct 2026

1 change
  1. Expense ratio
    5 OctRegular 2.71% → 2.7%Direct 1.58% → 1.56%

Sept 2026

2 changes

May 2026

1 change
  1. Expense ratio
    17 MayRegular 2.28% → 2.45%Direct 1.04% → 1.16%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(Jan 2023 – now)

  1. Hardik Shah
  2. Devang Shah
  3. Mayank Hyanki
  4. Krishnaa N
  5. Hitesh Das
MainCoSlice202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Aug 2024 – Oct 2026)

Every change to the expense ratio, newest first.
26 changesRegularDirectΔ pt
5 Oct 20262.70%1.56%0.02
28 Sept 20262.71%1.58%0.01
10 Sept 20262.70%1.57%0.41
17 May 20262.45%1.16%0.12
24 Feb 20262.28%1.04%0.02
18 Jan 20262.27%1.06%0.02
24 Nov 20252.28%1.08%0.01
13 Nov 20252.29%1.09%0.01
26 Sept 20252.28%1.08%0.02
23 Jun 20252.28%1.06%0.02
4 Jun 20252.27%1.04%0.01
16 Apr 20252.27%1.03%0.01
9 Apr 20252.28%1.04%0.04
25 Mar 20252.26%1.00%0.02
6 Mar 20252.28%1.02%0
25 Feb 20252.27%1.02%0.01
10 Feb 20252.26%1.01%0.01
29 Jan 20252.27%1.02%0.01
16 Jan 20252.26%1.01%0.05
30 Dec 20242.25%0.96%0.02
10 Dec 20242.24%0.98%0
28 Nov 20242.21%0.98%0.02
12 Nov 20242.22%1.00%0
30 Oct 20242.24%1.00%0.01
16 Oct 20242.25%1.01%0.02
21 Aug 20242.25%1.03%–
Direct plan, 5 Oct 2026
1.56%
Regular plan 2.70% · Exit load 10% within 1 month
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(6 Oct 2026)

Objective

The investment objective of the scheme is to provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

Risk, type and benchmark

Riskometer
Moderately High
At launch
High
Type
Open Ended
Benchmark
NIFTY Equity Savings Index

Asset allocation it may hold% of NAV

  1. Equity and Equity related securities
    Allowed65–80%
  2. Of which i) Equities & equity related instruments (unhedged)
    Allowed20–45%
  3. ii) Equities, equity related instruments and derivatives including index futures, stock futures, index options, & stock options, etc. as part of hedged / arbitrage exposure
    Allowed20–60%
  4. Debt & Money Market Instruments
    Allowed20–35%Holds29.0%
  5. Units issued by InvITs
    Allowed0–10%Holds2.2%

Holds in Sept 2026.68.8% equity · 29.0% debt and cash · 2.2% REITs and InvITs

How to invest(6 Oct 2026)

Buying

To start
₹500, then in multiples of ₹1
To add
₹500, then in multiples of ₹1
Systematic
SIP - Daily / Weekly / Monthly / Yearly , Choti SIP - Monthly ; SWP - Weekly / Monthly / Quarterly / Halfyearly / Yearly STP - Daily / Weekly / Fortnightly / Monthly / Quarterly
Dates
SIP - Except 29,30 and 31 all dates, SWP - Any Business Day, STP - Daily, Weekly all days, Fortnightly - alternate Wednesday, Monthly and Quarterly 1,7,10,15 and 25
Minimum
SIP Daily, Weekly - 100, Monthly 100.00, SIP Yearly - 12000.00 SWP - 1000 STP - Daily, Weekly, Fortnightly, Monthly - 1000 and Quarterly 3000.00. Choti SIP - Maximum one SIP under the facility of exactly equal to Rs. 250/- is allowed. The facility is restricted to three SIP’s across all Mutual Funds (one each in upto three Asset Management Companies)., then in multiples of ₹1
Instalments
SIP Daily -6, Weekly - 6, Monthly - 6 SIP - Yearly - 3, Choti SIP - 60 installments at the time of registration ( If the tenure is below or above 5 years then SIP will be considered as Normal SIP. However, if investor desires to stop or withdraw the SIP investment prematurely, there is no restriction); SWP - Weekly - 5, Monthly - 6, Quarterly - 4, Halfyearly - 4, Yearly - 2 STP - Daily -6, Weekly - 6, Fortnightly -6, Monthly - 6, Quarterly -2.

Selling and switching

Scheme details(6 Oct 2026)

What it is

Category
Equity Savings
Offer
27 Jul 2015 to 10 Aug 2015
Started
14 Aug 2015
Reopened
20 May 2015
Plans
Direct Regular IDCW · Direct Growth · Direct Monthly IDCW · Regular Monthly IDCW · Direct Quarterly IDCW · Regular Growth · Regular Quarterly IDCW · Regular Regular IDCW
Face value
₹10
Listed
Unlisted

How it is run

Swing pricing
No
Side-pocketing
Yes
Custodian
DEUTSCHE BANK AG
Auditor
B S R & Co. LLP
Registrar
Kfintech Ltd
SEBI code
AXIS/O/H/ESF/15/06/0019