Should I invest in Axis Multicap Fund?

We don't give personal investment advice. Axis Multicap Fund - Direct Plan - IDCW is suitable for an investor whose:time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a lossrisk tolerance accepts seeing the portfolio fall sharply without panic-sellinggoal isn't capital preservation in the short termCross-check the numbers above against alternatives before deciding.

Axis

Axis Multicap Fund - Direct Plan - IDCW

Latest NAV

₹18.9700

As of

17 Jul 2026

1,132 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	-0.11%	0.00%	-0.10	23 / 28	Q4
1W	-0.42%	-0.36%	-0.06	16 / 28	Q3
2W	-3.95%	+0.13%	-4.08	28 / 28	Q4
1M	-2.52%	+1.70%	-4.22	28 / 28	Q4
3M	+1.66%	+5.76%	-4.10	27 / 28	Q4
6M	+1.50%	+3.75%	-2.25	20 / 28	Q3
YTD	-0.68%	+1.69%	-2.37	21 / 28	Q3
1Y	+0.58%	+1.97%	-1.39	17 / 28	Q3
2Y	+3.53%	+1.78%	+1.74	10 / 26	Q2
3Y	+18.02%	+14.20%	+3.82	4 / 21	Q1
4Y	+19.86%	+15.57%	+4.30	2 / 13	Q1
5Y	—	—	—	—	—
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+15.02%	+13.82%	+1.21	12 / 28	Q2

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	-0.68%	+1.69%	-2.37	21 / 28
2025	+1.66%	+1.67%	-0.02	16 / 27
2024	+34.13%	+22.18%	+11.95	1 / 22
2023	+37.50%	+32.16%	+5.34	4 / 15
2022	-0.20%	+3.83%	-4.03	8 / 12
2021	—	—	—	—

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+21.94%

44 windows

min -2.9% · max 58.6%

95% positive

Limited basis — fund is young, so this average may be skewed by which 1Y windows happen to be available.

3-Year rolling

+23.08%

20 windows

min 18.0% · max 28.7%

100% positive

Limited basis — fund is young, so this average may be skewed by which 3Y windows happen to be available.

5-Year rolling

—

Insufficient history

7-Year rolling

—

Insufficient history

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

14.71%

3-year · annualised

Sharpe ratio

0.76

vs risk-free 6.5%

Sortino ratio

1.31

Downside-only deviation

Max drawdown

-18.14%

Sep 2024 → Feb 2025

% positive months

61.1%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Multi Cap Fund

Scheme	Fund house	NAV	As of
HDFC Multi Cap Fund - IDCW Option - Direct Plan	HDFC	₹18.1520	17 Jul 2026
NIPPON INDIA MULTI CAP FUND - DIRECT Plan - IDCW Option	Nippon India	₹86.7307	17 Jul 2026
SBI Multicap Fund- Direct Plan - Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹17.7991	17 Jul 2026
ICICI Prudential Multicap Fund - Direct Plan - IDCW	ICICI Prudential	₹63.7400	17 Jul 2026
Invesco India Multicap Fund - Direct Plan - IDCW (Payout / Reinvestment)	Invesco	₹141.3500	17 Jul 2026
BANDHAN MULTI CAP FUND - IDCW - DIRECT PLAN	Bandhan	₹16.5460	17 Jul 2026
quant Multi Cap Fund-IDCW Option - Direct Plan	Quant	₹84.6443	17 Jul 2026
Aditya Birla Sun Life Multi-Cap Fund-Direct IDCW Payout	Aditya Birla Sun Life	₹19.5800	17 Jul 2026
Motilal Oswal Multi Cap Fund-Direct Plan IDCW	Motilal Oswal	₹13.9462	17 Jul 2026
Franklin India Multi Cap Fund - Direct - IDCW	Franklin India	₹11.0079	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹18.9700
16 Jul 2026	₹18.9900
15 Jul 2026	₹19.0500
14 Jul 2026	₹18.9000
13 Jul 2026	₹19.0400
10 Jul 2026	₹19.0500
9 Jul 2026	₹18.8100
8 Jul 2026	₹18.5600
7 Jul 2026	₹18.8900
6 Jul 2026	₹18.9500

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 17 Jul 2026, the NAV of Axis Multicap Fund - Direct Plan - IDCW is ₹18.9700. It's a Multi Cap Fund from Axis, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

Axis Multicap Fund - Direct Plan - IDCW has NAV history starting from 23 Dec 2021, a track record of about 4 years 6 months. It's a relatively new scheme. With under 5 years of NAVs, peer comparison is the best yardstick — point-to-point returns can be skewed by entry timing.

Axis Multicap Fund - Direct Plan - IDCW is managed by Axis. It's classified by AMFI under the 'Multi Cap Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Axis Multicap Fund - Direct Plan - IDCW has delivered a absolute return of 0.58% — -1.39 pp behind the Multi Cap Fund category average of 1.97%. The fund ranks #17 of 28 in its category — the third (Q3) quartile.

Over the trailing 3-year window, Axis Multicap Fund - Direct Plan - IDCW has delivered a CAGR of 18.02% — +3.82 pp ahead of the Multi Cap Fund category average of 14.20%. The fund ranks #4 of 21 in its category — the top (Q1) quartile.

Axis Multicap Fund - Direct Plan - IDCW doesn't have a complete 5-year window yet (we need at least 5 year of NAVs). Check the shorter-window returns above.

₹1 lakh invested in Axis Multicap Fund - Direct Plan - IDCW exactly 3 years ago would be worth approximately ₹164,385 today — a multiplier of 1.64×, based on the 3-year CAGR of 18.02%. The category average over the same window would have grown ₹1 lakh to ₹148,920.

A ₹10,000 monthly SIP in Axis Multicap Fund - Direct Plan - IDCW over the last 3 years — total invested ₹360,000 — would be worth ₹416,656 today. That's an XIRR (money-weighted annualised return) of 9.72%.

Axis Multicap Fund - Direct Plan - IDCW doesn't yet have 10 years of NAVs. Over the longest available window (3-year SIP), ₹10,000/month would have grown to ₹416,656 — XIRR 9.72%.

On a 3-year basis, Axis Multicap Fund - Direct Plan - IDCW ranks #4 out of 21 funds in the Multi Cap Fund category — that places it in the top quartile (Q1) — strong outperformance. The category average return over the same window is 14.20%; this fund delivered 18.02%.

The worst peak-to-trough decline Axis Multicap Fund - Direct Plan - IDCW has experienced over the last 3-year window is 18.14% — its NAV fell from a high on 26 Sep 2024 to a low on 28 Feb 2025. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 3-year rolling windows, Axis Multicap Fund - Direct Plan - IDCW averaged 23.08% (best 28.74%, worst 18.02%). 100% of rolling windows ended positive. The 3-year Sharpe ratio is 0.76 — reasonable risk-adjusted performance.

In calendar year 2025, Axis Multicap Fund - Direct Plan - IDCW returned 1.66% — lagging the Multi Cap Fund category average of 1.67% by 0.02 pp. It ranked #16 of 27 in its category that year.

Axis Multicap Fund - Direct Plan - IDCW is classified as an Equity fund (at least 65% equity exposure). Tax rules (post Budget 2024): if you hold 12 months or more, gains are Long-Term and taxed at 12.5% on the amount exceeding ₹1.25 lakh per financial year. Held for under 12 months, gains are Short-Term and taxed at 20%. The ₹1.25 L exemption is per PAN per FY across all equity LTCG.

We don't give personal investment advice. Axis Multicap Fund - Direct Plan - IDCW is suitable for an investor whose:

time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a loss
risk tolerance accepts seeing the portfolio fall sharply without panic-selling
goal isn't capital preservation in the short term

Cross-check the numbers above against alternatives before deciding.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.