
Axis Flexicap Fund uses a bottom-up approach to invest in stocks with strong growth potential, and has a large-cap bias, investing 80 per cent in them. The number of stocks in the portfolio has increased from 35-40 to about 55-60, but the top 10 stocks still account for half of its assets. The fund has a strong quality and growth bias, as reflected in its higher P/E ratio compared to peers. The fund has delivered 12.91 per cent returns over the past 12-month period, ranking it in the fourth quartile among flexi-cap peers. However, we see marginal improvement this year (if you see YTD performance), where it has inched up to third quartile with returns of 0.68 per cent. Despite its massive
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