Axis Securities Kaizen

Axis Securities Ltd
PMS Multi Cap & Flexi Cap
Benchmark
S&P BSE 500 TRI
Inception Date
15 June 2023
Min. Investment
₹50,00,000
AUM (Cr.)
₹524.99
SIP Available
No
STP Available
No

Investment Strategy

Investment Approach

Investment selections are contingent upon several key factors: * **Operational Excellence:** Demonstrated capabilities in lean production methodologies and continuous process innovation. * **Market Scalability:** Identification of companies operating within a scalable market category or segment. * **Capital Discipline:** Adherence to a prudent capital allocation policy, with a particular emphasis on effective working capital management. * **Management Quality:** A leadership team possessing a robust track record in achieving profitability and proficiently managing labor resources. * **Market Presence:** Significant domestic market share coupled with established export credentials or demonstrable export potential. * **Ownership Structure:** Promoter holding exceeding 50%.

Investment Objective

The Axis Kaizen strategy is a thematic investment approach centered on the manufacturing sector, encompassing a diversified portfolio across 11 distinct industry segments. Its fundamental investment philosophy combines a commitment to quality with a pursuit of growth opportunities, specifically targeting under-explored areas within the Indian listed equity landscape. The overarching goal is to achieve returns demonstrably exceeding the performance of the BSE 500 Total Return benchmark index, thereby fostering long-term wealth generation for investors.

Performance Returns

Returns as on 2025-12-31

Trailing Returns

Period Strategy Benchmark Outperformance
1 MONTH -1.98% -0.24% -1.74%
3 MONTHS 2.39% 5.02% -2.63%
6 MONTHS -4.86% 1.63% -6.49%
1 YEAR -6.32% 7.63% -13.95%
2 YEAR 10.36% 11.64% -1.28%
SINCE INCEPTION 18.44% 17.54% 0.90%

Calendar Year Performance

Year Return
CY 2025 -6.32%
CY 2024 30.05%

Financial Year Performance

Year Return
FY 26_YTD 2.33%
FY 25 14.54%

Past performance is not indicative of future results. Returns are subject to market risks.

Fund Managers

Neeraj Gaurh

SVP & Fund Manager

With close to twenty years of extensive background in financial services, Neeraj possesses a comprehensive understanding of corporate banking, equity analysis, and investment administration. As a Fund Manager, his core duty involves generating superior risk-adjusted returns that precisely match client investment objectives. Previously, Neeraj was the Director and Head of Research at Equirus PMS. In this role, he was responsible for directing the research function and actively contributing to the development of investment strategies for their Multi-cap PMS offering. Before joining Equirus, Neeraj served as Vice President – Equities within the Investment Management Team at Franklin Templeton India. There, he managed portfolios that collectively held over $6 billion in domestic assets and more than $3 billion in offshore funds. His professional journey also includes key roles at leading Indian and international financial institutions, such as ICICI Bank, Axis Bank, Lehman Brothers, and Nomura Securities. Neeraj is driven by a deep interest in business fundamentals and excels at conducting in-depth, on-the-ground research through direct engagement with stakeholders including customers, suppliers, and corporate leadership. Neeraj holds a Bachelor of Engineering degree from M.N.I.T. Jaipur and completed his Post Graduate Diploma in Management (MBA) from the Indian Institute of Management Kozhikode. He is also a CFA charterholder, awarded by the CFA Institute, USA.

Portfolio Details

Portfolio Composition

Large Cap
12.15%
Mid Cap
23.49%
Small Cap
56.20%
Cash & Equivalent
8.16%

Top 5 Holdings

  • Acutaas Chemicals Limited 9.61%
  • UltraTech Cement Ltd 8.96%
  • Sansera Engineering Limited 8.17%
  • Cash & Cash Equivalents 8.16%
  • SRF Ltd. 7.53%

Top 5 Sectors

  • Capital Goods 20.72%
  • Healthcare 20.45%
  • Automobile and Auto Components 18.45%
  • Chemicals 13.31%
  • Construction Materials 8.96%

Portfolio Characteristics

total number of stocks
20
top 5 stocks percent
42.43%
top 5 sectors percent
81.89%
average market cap
N/A
portfolio age
2 Yrs, 6 Months
sip
Not Available
stp
Not Available

Fee Structure

Fixed Fee

AMC: 2.5%

Variable Fee

AMC: 1.5%

Hurdle: 2.5%

Profit Sharing: 20%

Exit Load

Year 1: 3%

Year 2: 2%

Year 3: 1%

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Disclaimer

Returns are as of 2025-12-31. Returns for periods up to one year are not annualized. Returns for periods exceeding one year are annualized. Returns are computed using the Time Weighted Rate of Return (TWRR) methodology and are provided by the respective Asset Management Companies (AMCs). 'ND' denotes 'No Data', and 'NA' denotes 'Not Applicable'. The performance of the respective Benchmark Indices is presented above. Benchmark(s) are as defined in SEBI circular no. SEBI/HO/IMD/IMD-PoD-2/P/CIR/2022/172 dated December 16, 2022, APMI circular no. APMI/2022-23/02 dated March 23, 2023, and Revised Annexure-1.

This page is provided solely for general informational purposes in relation to the strategy and is based on publicly available information. While reasonable care has been taken to ensure accuracy, the information may not reflect the most recent updates.

Nothing on this page constitutes investment, financial, or legal advice. Investment decisions should be made after consulting a qualified advisor and reviewing official scheme documents.

Last Updated: January 2026 · Published by Affluense AI (affluense.ai)