Axis Value Fund
Direct · GrowthAI Summary
Axis Value Fund has delivered strong SIP returns, with 1Y and 3Y XIRR of 15.11% and 21.35% comfortably ahead of category averages of 11.7% and 17.03%, while the 5Y XIRR of 17.1% is roughly in line with the category's 17.06%. Against the NIFTY50 Value 20 benchmark, the fund shows substantial alpha across all horizons, including 17.07% over 1Y and 14.27% over 3Y, with a 3Y fund CAGR of 16.59% versus the benchmark's 1.8%. Calendar year returns have been uneven, however, ranging from 41.03% in 2023 to -0.48% in 2022 and just 0.53% in 2026.
The fund exhibits a defensive risk profile with a beta of 0.86-0.96 and consistently low downside capture of around 76-78% across all periods, meaning it loses significantly less than the benchmark in falling markets. Upside capture of 90-101% combined with this downside protection has driven the persistent alpha. The Calmar ratio of 1.13 over 3Y indicates solid risk-adjusted returns, though it weakens to 0.76 over 5Y, and three drawdown events exceeding 10% suggest meaningful interim volatility is possible.
The portfolio holds 89 stocks with the top 10 accounting for roughly 31% of NAV, led by ICICI Bank (5.07%), HDFC Bank (4.18%), and Reliance Industries (3.81%), indicating a diversified but conviction-weighted book. Banks dominate at 20.8% of the portfolio, followed by Finance (6.9%) and Electrical Equipment (6.5%), creating meaningful financial-sector concentration. Holdings like NTPC, BHEL, and L&T reflect a classic value and cyclical orientation.
The fund outperforms the value category on SIP XIRR over 1Y (15.11% vs 11.7%) and 3Y (21.35% vs 17.03%), though its 5Y XIRR of 17.1% is essentially flat versus the category's 17.06%. Longer-horizon category comparisons are not available for this fund's XIRR, so extended-period peer positioning cannot be fully assessed. The consistent double-digit alpha versus its benchmark across 1Y through 15Y points to durable stock-selection skill rather than a short-term anomaly.
This fund suits investors with a value-investment orientation and a long time horizon of 5+ years, given the uneven calendar-year returns and the need to ride out value-cycle swings. Its low downside capture and moderate beta make it appropriate for moderately conservative equity investors who want market participation with cushioned drawdowns. Investors should be comfortable with sector concentration in financials and periods of extended underperformance, as seen in 2022 and 2025-2026.
- Consistently high alpha versus the NIFTY50 Value 20 benchmark across all measured periods, including 17.07% over 1Y and 14.27% over 3Y
- Low downside capture of roughly 76-78% across all horizons, providing strong protection in falling markets
- 3Y SIP XIRR of 21.35% well above the category average of 17.03%, with a diversified 89-stock portfolio
- Heavy sector concentration in Banks (20.8%) plus Finance (6.9%) exposes the fund to financial-sector downturns
- Recent performance has weakened sharply, with calendar year returns of only 5.78% in 2025 and 0.53% in 2026 after the strong 2023-2024 run
Generated on 14-10-2026, 4:13 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 | ₹12.81 L | 21.4% | -16.3% | 65.0% |
| 3 Years | ₹36.00 L | ₹48.50 L | 21.7% | 7.3% | 40.4% |
| 5 Years | ₹60.00 L | ₹92.48 L | 17.5% | 15.0% | 19.0% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY50 VALUE 20 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 21.4% | 14.9% | 11.7% | +6.5% |
| 3 Years | 21.7% | 12.9% | 17.0% | +8.8% |
| 5 Years | 17.5% | 13.5% | 17.0% | +3.9% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 20.6% | 13.3% | -6.2% | 57.3% | 0.78 | 5.50 | 95% | — | — |
| 3 Years | 22.9% | 23.1% | 16.4% | 30.5% | 5.97 | — | 100% | — | — |
| 5 Years | 14.9% | 14.9% | 14.1% | 15.9% | 13.20 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY50 VALUE 20
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +13.03 | 0.93 | 96.1% | 77.7% | 2.2% | -12.1% |
| 3 Years | +13.34 | 0.88 | 93.7% | 76.3% | 16.7% | 2.9% |
| 5 Years | +9.75 | 0.86 | 89.3% | 76.7% | 14.1% | 4.0% |
| 7 Years | +7.20 | 0.86 | 89.6% | 76.2% | 10.9% | 3.2% |
| 10 Years | +4.65 | 0.86 | 89.6% | 76.2% | 7.5% | 2.2% |
| 12 Years | +3.69 | 0.86 | 89.6% | 76.2% | 6.2% | 1.9% |
| 15 Years | +2.74 | 0.86 | 89.6% | 76.2% | 4.9% | 1.5% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | ICICI Bank Limited | 5.07% |
| 2 | HDFC Bank Limited | 4.18% |
| 3 | Reliance Industries Limited | 3.81% |
| 4 | NTPC Limited | 3.05% |
| 5 | Bharti Airtel Limited | 2.90% |
| 6 | Shriram Finance Limited | 2.70% |
| 7 | State Bank of India | 2.55% |
| 8 | Larsen & Toubro Limited | 2.46% |
| 9 | Infosys Limited | 2.34% |
| 10 | Bharat Heavy Electricals Limited | 2.27% |