Fund Analysis

Axis Flexi Cap: We move this prominent equity fund to Hold

Poor performance run coupled with investment management changes call for caution

Poor performance run coupled with investment management changes call for caution

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Launched in late 2017, Axis Flexi Cap Fund had started with blockbuster returns for three straight years. This was more of a norm than a surprise for many folks, given the AMC's track record with its famous 'high-quality', 'high-growth' investing style. (The fund made it to our recommendation list in mid-2021. You can read here for more details on the fund's investment philosophy.) However, the fund's winning streak is now a distant memory. To add to its woes, Axis Flexi Cap recently 'lost' its long-standing fund manager, Shreyash Devalkar. Fund management reshuffle Let's explain why we have kept 'lost' in quotes. While Devalkar s

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