Fundalysisby DARKHORSESTOCKS

Scheme

Axis Flexi Cap Fund

Holds 66 companies worth ₹11,953 Cr in Sept 2026.

  • Fund house

    AxisThe fund house that runs this scheme.

  • AUM

    ₹13,262 CrAxis Flexi Cap Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 4.4% on Aug 2026, ₹13,869 Cr.

  • Largest holding

    ICICI BankICICI Bank is 7.5% of this scheme's NAV.

  • Fund manager

    Sachin RelekarRuns its co-manager part since 1 Feb 2024, as the fund house dates it. With Krishnaa N (overseas).

Overview(28 Sept 2026)

Fund managers2

  1. Sachin RelekarCo-manager, equity · Feb 2024 · 23y · MMS
  2. Krishnaa NOverseas · Mar 2024
  1. Hitesh DasAug 2023 – Dec 2024

Key facts

Benchmark
NIFTY 500 TRI
Risk
Very High
Expense
Regular 1.84% · Direct 0.85%
Exit load
Nil
Started
20 Nov 2017
Minimum
₹100

Source.Its Scheme Summary Document as of 28 Sept 2026 at AMFI.

What changed(18 changes)

Sept 2026

2 changes
  1. Exit load
    22 Sept20% within 12 months → Nil
  2. Expense ratio
    10 SeptRegular 1.82% → 1.84%Direct 0.86% → 0.85%

May 2026

1 change
  1. Expense ratio
    17 MayRegular 1.72% → 1.82%Direct 0.72% → 0.86%

Feb 2026

1 change
  1. Exit load
    24 Feb10% within 12 months → 20% within 12 months

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(Aug 2023 – now)

  1. Sachin Relekar
  2. Krishnaa N
  3. 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 – Sept 2026)

Every change to the expense ratio, newest first.
16 changesRegularDirectΔ pt
10 Sept 20261.84%0.85%0.01
17 May 20261.82%0.86%0.14
18 Jan 20261.72%0.72%0.01
23 Jun 20251.72%0.71%0.01
4 Jun 20251.72%0.70%0.02
25 Mar 20251.73%0.72%0.02
6 Mar 20251.74%0.74%0.01
25 Feb 20251.74%0.73%0.01
10 Feb 20251.73%0.72%0.01
29 Jan 20251.74%0.73%0.01
16 Jan 20251.73%0.72%0.01
28 Nov 20241.72%0.71%0.01
30 Oct 20241.72%0.70%0.01
16 Oct 20241.71%0.69%0.02
22 Aug 20241.72%0.71%0.01
21 Aug 20241.73%0.72%–
Direct plan, 10 Sept 2026
0.85%
Regular plan 1.84% · Exit load nil
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(28 Sept 2026)

Objective

To generate long term capital appreciation by investing in a dynamic mix of equity and equity related instruments across market capitalizations. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
(An open ended dynamic equity scheme investing across large cap, mid cap, small cap stocks)
Benchmark
NIFTY 500 TRI

Asset allocation it may hold% of NAV

  1. Equity and Equity Related Instruments
    Allowed65–100%Holds90.2%
  2. Debt and Money Market Instruments
    Allowed0–35%Holds9.8%
  3. Units issued by InvITs
    Allowed0–10%Holds0.0%

Holds in Sept 2026.90.2% equity · 9.8% debt and cash

How to invest(28 Sept 2026)

Buying

To start
₹100, then in multiples of ₹1
To add
₹100, 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 - 10, 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(28 Sept 2026)

What it is

Category
Flexicap Fund
Offer
30 Oct 2017 to 13 Nov 2017
Started
20 Nov 2017
Reopened
24 Nov 2017
Plans
Direct IDCW Direct Growth Regular IDCW Regular Growth
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/E/FCF/17/05/0025