About Axis Multicap Fund
Axis Multicap Fund is a multi cap fund managed by Axis Mutual Fund. Invest at least 25% each in large, mid and small caps, giving exposure across company sizes.
To generate long term capital appreciation by investing in a diversified portfolio of equity and equity related instruments across market capitalization. However, there can be no assurance that the investment objective of the Scheme will be achieved.
The scheme's stated objective, as published by Axis Mutual Fund.
The NAV (net asset value) is the price of one unit of the fund. It is published by the fund house every business day and changes with the value of the fund's holdings. The Growth option reinvests all gains, so its NAV reflects the fund's total return.
Tax on your gains
Gains are taxed as equity: sell within 12 months and the gain is short-term, taxed at 20%. Hold longer and it is long-term, taxed at 12.5% on gains above ₹1.25 lakh in a financial year, across all your equity investments.
Work out what you would owe with the capital gains tax calculator.
Every plan and option, with scheme codes
| Plan | Option | NAV | Scheme code |
|---|---|---|---|
| Direct | Growth Option | ₹20.97 | 149383 |
| Direct | IDCW Option | ₹19.94 | 149384 |
| Regular | Growth Option | ₹19.75 | 149382 |
| Regular | IDCW Option | ₹18.80 | 149387 |
Frequently asked questions
What is the NAV of Axis Multicap Fund today?
The NAV of Axis Multicap Fund (Direct plan, Growth) is ₹20.97 and the Regular plan NAV is ₹19.75, as of 18 Sept 2026.
What returns has Axis Multicap Fund given?
Over the last year the Direct plan returned 8.94%, and 19.49% a year over 3 years. That places it 1 of 21 funds in its category over 3 years. Past returns do not guarantee future returns.
What is the expense ratio of Axis Multicap Fund?
The Direct plan charges 1.1% a year, as disclosed on 31 Jul 2026. The fee is already taken out of the NAV, so the returns above are what you keep.
What is the minimum SIP amount in Axis Multicap Fund?
You can start a monthly SIP with ₹100, or invest a lump sum of ₹100 or more.
How much has Axis Multicap Fund fallen in the past?
Its deepest fall was 18.1% from 26 Sept 2024 to 28 Feb 2025. Of every one-year stretch in its history, 93% ended in a gain.
Which category does Axis Multicap Fund belong to?
It is a Multi Cap Fund from Axis Mutual Fund. Invest at least 25% each in large, mid and small caps, giving exposure across company sizes.
What is the difference between the Direct and Regular plan?
Both invest in the same portfolio. The Direct plan is bought straight from the fund house or a direct platform and has a lower expense ratio because no distributor commission is paid, so its NAV grows slightly faster over time.
How are gains from Axis Multicap Fund taxed?
Gains are taxed as equity: sell within 12 months and the gain is short-term, taxed at 20%. Hold longer and it is long-term, taxed at 12.5% on gains above ₹1.25 lakh in a financial year, across all your equity investments.
Source: NAVs published by the fund house through AMFI. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns. This page is for information only and is not a recommendation to buy or sell.