Review Date: March 28, 2024
Performance of the Axis Growth Opportunities Fund has been analyzed on 20 performance parameters. Out of eight return parameters, the fund has four return parameters in first quartile; whereas zero risk parameters (out of five) in first quartile. Similarly zero risk-adjusted performance parameters are in first quartile. Based on this performance Axis Growth Opportunities Fund has achieved 13
^{th} (out of 26 funds), which is average rank in the Large & Mid Cap Fund category. Essentially, among its peer group of similar types of funds, it stands in the very good position, a testament to its successful track record. The Large & Mid Cap Fund category has 26 funds.
Using a composite performance score, our ranking methodology takes into account the fund's return, the risk it carries, and its risk-adjusted performance during the last three years. This composite performance score then becomes the basis for ranking funds within the category.
The Axis Growth Opportunities Fund has average return performance, as more than 50% 1 year and above return parameters are above average in
Large & Mid Cap Fund category. The details are provided below.'
' - 1 Month Return%: One month return shows funds performance in very short period of time, the Axis Growth Opportunities Fund has given return of 2.36% in last one month which is very good as it is in the top quartile in Large & Mid Cap Fund.
- 3 Month Return%: Three month return shows funds performance in short period of time, the Axis Growth Opportunities Fund has given return of 8.7% in last three month which is very good as it is in the top quartile in Large & Mid Cap Fund.
- 1 Year Return%: The Axis Growth Opportunities Fund has given return of 49.49% in last one year which is very good as it is in the top quartile in Large & Mid Cap Fund. The one year return rank of Axis Growth Opportunities Fund is 7 in 26 funds. The investment of ₹ 10,000 in this fund would have become ₹ 14949.0 in one year.
- 3 Year Return%: The Axis Growth Opportunities Fund has given return of 20.37% in last three year which is poor as it is in the below average with return rank of 13 in 26 funds. in Large & Mid Cap Fund.
- 5 Year Return%: The Axis Growth Opportunities Fund has given return of 21.16% in last five year which is very good as it is in the top quartile with return rank of 2 in 21 funds. in Large & Mid Cap Fund.
- 1 Year SIP Return%: The Axis Growth Opportunities Fund has given return of 23.46% in last one year which is good as it is above average with return rank of 12 in 26 funds. in Large & Mid Cap Fund.
- 3 Year SIP Return%: The Axis Growth Opportunities Fund has given return of 19.77% in last three year which is poor as it is in the below average with return rank of 15 in 26 funds. in Large & Mid Cap Fund.
- 5 Year SIP Return%: The Axis Growth Opportunities Fund has given return of 22.6% in last five year which is good as it is above average with return rank of 8 in 21 funds. in Large & Mid Cap Fund.
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The Axis Growth Opportunities Fund has poor risk performance, as non of above risk paramerters are above average
Large & Mid Cap Fund category. The details are provided below. '
' - Standard Deviation: It is a measure of the dispersion of a set of data from its mean. It is calculated as the square root of variance by determining the variation between each data point relative to the mean. The higher the standard deviation, the greater the risk. The Axis Growth Opportunities Fund has standard deviation of 14.39 which is very poor as it is in the fourth quartile with risk rank of 25 in 26 funds. in Large & Mid Cap Fund.
- Semi Deviation: It is a measure of the dispersion of a set of data from its mean. It is calculated as the square root of variance by determining the variation between each data point relative to the mean. The higher the semi-deviation, the greater the risk. It uses only negative returns for calculation. The Axis Growth Opportunities Fund has semi deviation of 10.07 which is very poor as it is in the fourth quartile with risk rank of 24 in 26 funds. in Large & Mid Cap Fund.
- Max Drawdown %: It is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The Axis Growth Opportunities Fund has max drawdown of -16.84% which is very poor as it is in the fourth quartile with risk rank of 24 in 26 funds. in Large & Mid Cap Fund.
- 1Y VaR at 95%: It is the maximum expected loss of an investment over a given time period with a given probability of confidence. The Axis Growth Opportunities Fund has 1Y VaR at 95% of -17.58% which is very poor as it is in the fourth quartile with risk rank of 24 in 26 funds. in Large & Mid Cap Fund.
- Average Drawdown %: It is the average of the drawdowns over a period of time. The Axis Growth Opportunities Fund has average drawdown of -6.49% which is very poor as it is in the fourth quartile with risk rank of 24 in 26 funds. in Large & Mid Cap Fund.
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The Axis Growth Opportunities Fund has poor risk adjusted performance, as non of above risk adjusted paramerters are above average in
Large & Mid Cap Fund category. The details are provided below. '
' - Sterling Ratio: It is a measure of risk-adjusted return. The Axis Growth Opportunities Fund has Sterling Ratio of 0.74 which is very poor as it is in the fourth quartile with risk rank of 22 in 26 funds. in Large & Mid Cap Fund.
- Sortino Ratio: It is a measure of risk-adjusted return. The Axis Growth Opportunities Fund has Sortino Ratio of 0.42 which is poor as it is in the below average with risk rank of 17 in 26 funds. in Large & Mid Cap Fund.
- Jensen Alpha %: It is a measure of risk-adjusted return. The Axis Growth Opportunities Fund has Jensen Alpha of 0.32% which is poor as it is in the below average with risk rank of 15 in 26 funds. in Large & Mid Cap Fund.
- Treynor Ratio: It is a measure of risk-adjusted return. The Axis Growth Opportunities Fund has Treynor Ratio of 0.13 which is poor as it is in the below average with risk rank of 13 in 26 funds. in Large & Mid Cap Fund.
- Modigliani Square Measure %: It is a measure of risk-adjusted return. The Axis Growth Opportunities Fund has Modigliani Square Measure of 18.55% which is very poor as it is in the fourth quartile with risk rank of 21 in 26 funds. in Large & Mid Cap Fund.
- Alpha %: It is a measure of risk-adjusted return. The Axis Growth Opportunities Fund has Alpha of -1.33% which is poor as it is in the below average with risk rank of 15 in 26 funds. in Large & Mid Cap Fund.
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