The Axis Mutual Fund's ethos of investing has always been picking stocks of companies that chase high growth, even if they are often valued at a premium. Reason for underperformance However, The last two years have been rough for growth-oriented stocks, resulting in the AMC's equity funds witnessing their worst-ever performance period, wherein none of them have been spared. Axis's Focused 25 Fund is the hardest hit. Most of its long-term holdings in the portfolio have not worked since the beginning of 2021. Among
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