Axis Securities Pure Growth

Axis Securities Ltd
PMS Multi Cap & Flexi Cap
Benchmark
S&P BSE 500 TRI
Inception Date
13 January 2021
Min. Investment
₹50,00,000
AUM (Cr.)
₹982.44
SIP Available
No
STP Available
Yes

Investment Strategy

Investment Approach

The portfolio's construction is strategically aligned with the growth trajectory of the Indian economy, focusing on sectors and individual equities exhibiting superior performance potential and expected to outperform industry benchmarks.

Investment Objective

This portfolio is strategically curated to capitalize on India's economic expansion. It focuses on high-performing sectors and select equities poised for significant outperformance relative to their industry counterparts.

Performance Returns

Returns as on 2025-12-31

Trailing Returns

Period Strategy Benchmark Outperformance
1 MONTH -0.04% -0.24% 0.20%
3 MONTHS 2.32% 5.02% -2.70%
6 MONTHS -1.32% 1.63% -2.95%
1 YEAR 0.98% 7.63% -6.65%
2 YEAR 10.91% 11.64% -0.73%
3 YEAR 18.53% 16.40% 2.13%
SINCE INCEPTION 17.96% 15.85% 2.11%

Calendar Year Performance

Year Return
CY 2025 0.98%
CY 2024 21.82%
CY 2023 35.29%
CY 2022 8.69%
CY 2021 25.40%
CY 2020 0.00%

Financial Year Performance

Year Return
FY 26_YTD 6.48%
FY 25 11.10%
FY 24 43.47%
FY 23 6.78%
FY 22 24.40%
FY 21 0.80%

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

Fund Managers

Nishit Master

Fund Manager

Mr. Nishit Master enhances the market insights at Axis Securities with his extensive experience across both buy-side and sell-side financial institutions. In his role as Fund Manager, he is tasked with achieving superior risk-adjusted returns for clients, aligning with their specific investment objectives. With over 18 years in the financial services sector, Mr. Master has a distinguished career with prominent firms including ING Investment Management, Kotak Mahindra Bank, Elara Capital, Reliance Securities, Anand Rathi, and Motilal Oswal Financial Services. Notably, at Reliance Securities, he held the position of Senior Vice President and Head of Institutional Equities. His most recent professional engagement was with Emkay Global Financial Services, where he was a member of the Institutional Broking team. Mr. Master holds an FRM certification and is a graduate in management. He earned his MBA from NMIMS, Mumbai. His expertise includes a keen ability to analyze business models and identify high-potential stocks within the investable universe.

Naveen Kulkarni

Chief Investment Officer

Naveen leads the investment strategy for Axis Securities Portfolio Management Services. He has a proven track record of developing and introducing innovative investment approaches at Axis Securities, which have consistently delivered superior market returns. Naveen possesses extensive expertise in the deployment of quantitative strategies, including those leveraging Artificial Intelligence, Machine Learning, and Smart Beta, supported by robust performance histories. His professional journey spans over two decades in the financial services and telecommunications industries. Naveen holds an engineering degree and an MBA from the International Management Institute, New Delhi. He is also a certified Chartered Financial Analyst (CFA) and a Financial Risk Manager (FRM). Naveen is a recognized voice in financial media, frequently appearing on platforms such as CNBC TV18, ET Now, and The Economic Times. He has been repeatedly recognized as a leading research analyst in the Telecom, Consumer, and Strategy sectors by respected surveys from Asia Money, Institutional Investor, Thomson Reuters, and The Wall Street Journal. Previously, his team at Philip Capital was acknowledged as one of the top 3 most improved brokerages in the Asia Money Survey for 2016 and 2017.

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
54.65%
Mid Cap
5.26%
Small Cap
30.27%
Cash & Equivalent
9.82%

Top 5 Holdings

  • Bharti Airtel Ltd. 9.99%
  • Cash & Cash Equivalents 9.82%
  • Maruti Suzuki India Ltd. 9.26%
  • ICICI Bank Ltd. 5.97%
  • Indian Hotels Co. Ltd 5.81%

Top 5 Sectors

  • Healthcare 15.93%
  • Telecommunication 14.65%
  • Automobile and Auto Components 13.81%
  • Financial Services 13.72%
  • Fast Moving Consumer Goods 6.48%

Portfolio Characteristics

total number of stocks
26
top 5 stocks percent
40.85%
top 5 sectors percent
64.59%
average market cap
N/A
portfolio age
4 Yrs, 11 Months
sip
Not Available
stp
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)