Axis Services Opportunities Fund
Direct · GrowthAI Summary
Axis Services Opportunities Fund delivered a 1Y SIP XIRR of 3.52%, sharply underperforming the category average SIP XIRR of 14.1%. Against the NIFTY 50, however, the fund generated a positive 1Y alpha of 2.91% while the benchmark CAGR was -2.9%, indicating relative outperformance in a weak market. The fund's lump-sum 1Y rolling return mean of 2.3% confirms muted absolute returns over the recent period.
The fund shows a Calmar Ratio of 0.1249 over 1Y, suggesting modest risk-adjusted returns relative to its drawdown experience. It recorded one drawdown event exceeding 10%, with a maximum drawdown duration of 154 days and no recovery recorded yet from the max drawdown. Notably, downside capture of 93.76% versus upside capture of 97.58% over 1Y indicates the fund falls less than the benchmark in down markets, a favorable asymmetry.
The top 10 holdings account for roughly 52% of a 36-stock portfolio, led by ICICI Bank (8.21%), Bharti Airtel (6.4%), and Eternal (6.31%). Sector concentration is meaningful, with Healthcare Services (16.9%) and Banks (16.1%) as the largest exposures, followed by Retailing (10.9%) and Finance (10.1%). The portfolio spans services-oriented sectors including financials, healthcare, telecom, and capital markets, consistent with its thematic mandate.
The fund's 1Y SIP XIRR of 3.52% trails the category average of 14.1% by a wide margin, placing it in the lower tier of sectoral/thematic peers over the recent period. Its consistent positive alpha versus NIFTY 50 across all measured periods (2.91% at 1Y, 1.22% at 3Y, 0.73% at 5Y) suggests steady relative performance even as absolute returns remain subdued. Calendar year returns of 0.7% in 2026 and 0.0% in 2025 reflect a flat recent trajectory.
This fund suits investors with high risk tolerance seeking targeted exposure to India's services economy, including financials, healthcare, and digital services. A time horizon of at least 5-7 years is advisable given the thematic concentration and the current extended drawdown recovery period. It should be treated as a satellite holding within a diversified portfolio rather than a core equity allocation.
- Consistent positive alpha versus NIFTY 50 across all periods, including 2.91% over 1Y
- Favorable capture asymmetry with downside capture of 93.76% below upside capture of 97.58% over 1Y
- Low expense ratio of 0.7% for a thematic fund in the direct option
- 1Y SIP XIRR of 3.52% significantly lags the category average of 14.1%
- Maximum drawdown of 154 days duration with no recovery recorded, indicating prolonged underperformance pressure
- High sector concentration in Healthcare Services (16.9%) and Banks (16.1%) amplifies thematic risk
Generated on 05-09-2026, 3:03 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.32 L | 3.5% | -11.2% | 13.4% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 3.5% | 14.4% | 14.1% | -10.9% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 2.3% | 2.4% | 0.0% | 4.0% | -3.24 | -0.96 | 93% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +2.91 | 1.00 | 97.6% | 93.8% | 0.0% | -2.9% |
| 3 Years | +1.22 | 1.00 | 98.8% | 93.8% | 0.4% | -0.8% |
| 5 Years | +0.74 | 1.00 | 98.8% | 93.8% | 0.2% | -0.5% |
| 7 Years | +0.54 | 1.00 | 98.8% | 93.8% | 0.2% | -0.4% |
| 10 Years | +0.37 | 1.00 | 98.8% | 93.8% | 0.1% | -0.3% |
| 12 Years | +0.31 | 1.00 | 98.8% | 93.8% | 0.1% | -0.2% |
| 15 Years | +0.25 | 1.00 | 98.8% | 93.8% | 0.1% | -0.2% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | ICICI Bank Limited | 8.21% |
| 2 | Bharti Airtel Limited | 6.40% |
| 3 | Eternal Limited | 6.31% |
| 4 | BSE Limited | 5.58% |
| 5 | HDFC Bank Limited | 5.15% |
| 6 | Fortis Healthcare Limited | 4.76% |
| 7 | Apollo Hospitals Enterprise Limited | 4.57% |
| 8 | PB Fintech Limited | 4.35% |
| 9 | Bajaj Finance Limited | 4.01% |
| 10 | Krishna Institute Of Medical Sciences Limited | 3.65% |