Axis Multi-Asset Omni FoF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 17, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Axis Multi-Asset Omni FoF Direct Growth Plan has a NAV of ₹10.7154 as of 15 Sep 2026 and a scheme AUM of ₹1,390 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the scheme carries a High Risk tag. Our view is that this is a newer fund with a mixed early record: recent moves have been choppy, while the portfolio structure suggests a multi-asset approach that may smooth some swings but can still leave returns sensitive to the performance of the underlying building blocks.
The fund is more suited to investors who can tolerate short-term volatility and want a diversified structure rather than a simple single-asset exposure. The absence of a long return history means investors should place more weight on how the fund behaves relative to the benchmark and on the mix of holdings than on trailing long-term numbers alone.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹10.7154 as of 15 Sep 2026 |
| AUM | ₹1,390 Cr |
| Expense Ratio | 0.0% |
| Launch Date | 11 Dec 2025 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Fund of Fund |
| Exit Load | NIL upto 10% of investment and 1% for reamaining investment on or before 12M, Nil after 12M |
| Fund Managers | Devang Shah, Aditya Pagaria, Akhil Thakker, Shreyash Devalkar |
The fund is managed by Devang Shah, Aditya Pagaria, Akhil Thakker and Shreyash Devalkar.
Source data date: as of 15 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -2.26% | -4.41% |
| 3M | 1.4% | -3.6% |
| 1Y | Data not available | Data not available |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
Short-term behaviour has been uneven. Over one month, the fund declined, but it still held up better than the benchmark, which fell more sharply over the same stretch. Over three months, the fund moved into positive territory while the benchmark stayed negative, which points to a better recent recovery profile than the index.
The longer arc is more difficult to judge because the fund was launched only in December 2025, so long-horizon trailing figures are not available. That matters for investor interpretation: there is not yet a full market cycle here, and the available near-term track record is still developing.
Even so, the 3-month pattern suggests the strategy has been able to recover after weakness rather than staying stuck in drawdown. Our view is that this kind of pattern can appeal to investors who value a diversifying sleeve, but it does not yet provide the comfort of a long, tested compounding history.
Source data date: as of 15 Sep 2026
Should you BUY or HOLD Axis Multi-Asset Omni FoF?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Axis Multi-Asset Omni FoF? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Axis Multi-Asset Omni FoF Direct Growth Plan | Data not available | Data not available | Data not available |
| SBI Silver ETF FOF Direct Growth Plan | 76.71% | Data not available | Data not available |
| Kotak Silver ETF FoF Direct Growth Plan | 75.91% | 45.12% | Data not available |
| Axis Silver FoF Direct Growth Plan | 74.42% | 45.18% | Data not available |
| Zerodha Silver ETF FoF Direct Growth Plan | 73.46% | Data not available | Data not available |
| Nippon India Silver ETF FOF Direct Growth Plan | 72.65% | 43.94% | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the available 1-year figures, this fund is not in the same performance bracket as the silver-focused peers listed here, which have delivered very strong gains over the period. The gap is even clearer when the peers with 3-year figures are considered, because those funds have positive medium-term numbers while this fund does not yet have a disclosed trailing history for that horizon.
That said, the comparison is not apples-to-apples in the strictest sense because the peer set is concentrated in silver ETF FoFs, while this fund is a multi-asset FoF with a broader holding mix. The short-term comparison therefore tells one story about relative recent momentum, while the broader structure suggests a different objective: diversification rather than a direct chase for the strongest recent return.
Source data date: as of 15 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Axis Medium Term Fund-Direct Plan-Growth Option | Domestic Mutual Funds Units | 13.05% |
| Axis Gold ETF | Domestic Mutual Funds Units – Gold | 13.02% |
| Axis Large & Mid Cap Fund – Direct Plan – Growth | Domestic Mutual Funds Units | 11.37% |
| Axis Liquid Fund – Direct Plan – Growth Option | Domestic Mutual Funds Units | 10.99% |
| Axis India Manufacturing Fund – Direct Plan – Growth | Domestic Mutual Funds Units | 10.28% |
| Axis Value Fund – Direct Plan – Growth | Domestic Mutual Funds Units | 8.99% |
| ICICI Prudential Banking and Financial Services Fund – Direct Plan – Growth | Domestic Mutual Funds Units | 8.76% |
| Axis Flexi Cap Fund – Direct Plan – Growth | Domestic Mutual Funds Units | 7.37% |
| Kotak Banking & Financial Services Fund – Direct Plan – Growth | Domestic Mutual Funds Units | 2.86% |
| Axis Silver ETF | Domestic Mutual Funds Units – Silver | 2.26% |
The largest holding, Axis Medium Term Fund-Direct Plan-Growth Option, is 13.05%, so no single line item dominates the fund on its own. The tenth holding is 2.26%, which shows a fairly steep drop from the top position through the list, but not an extreme cliff. That pattern suggests the portfolio may spread influence across several underlying funds rather than concentrating everything in one sleeve.
The top 10 holdings together account for approximately 88.95% of the portfolio, and the disclosed holding list runs to 18 positions. That combination points to a fairly layered structure: the visible part of the portfolio is already broad, yet the remaining holdings still matter because they can change the final return path. In our view, the mix could help diversify single-asset risk, although the heavy use of other fund units means investors are still looking through to the outcomes of the underlying strategies.
To see all holdings, visit the Axis Multi-Asset Omni FoF Direct Growth Plan page
Source data date: as of 15 Sep 2026
Who should invest
This fund fits investors who can handle High Risk exposure and are comfortable with a product that is still early in its life. The available return pattern is short and mixed, so it suits a horizon where the investor can tolerate a period of uncertain mark-to-market movement without relying on near-term stability.
The main trade-off is between diversification and certainty. The portfolio combines multiple underlying funds and ETFs, which may help spread exposures, but the early return record is not yet long enough to show how consistently that structure works across different market conditions. Investors who want a simple, well-established return history may prefer to wait, while those who are comfortable with a newer multi-asset setup may find the structure more relevant than the current trailing numbers.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load
NIL upto 10% of investment and 1% for reamaining investment on or before 12M, Nil after 12M
Source data date: as of 15 Sep 2026
Frequently asked questions
What is the current NAV of Axis Multi-Asset Omni FoF Direct Growth Plan?
Its current NAV is ₹10.7154 as of 15 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year, 3-year and 5-year returns are Data not available, Data not available and Data not available in the disclosed trailing table, while the near-term return figures show -2.26% for 1 month and 1.4% for 3 months.
How has the fund performed versus the benchmark?
It has done better than the benchmark over the recent 1-month and 3-month periods. The benchmark fell more sharply over one month and stayed negative over three months, while the fund was less weak in the short run and positive over three months.
How does it compare with the peer funds listed here?
The listed peers have much stronger 1-year numbers, with several also showing positive 3-year returns where available. This fund is a different multi-asset structure, so the peer comparison mainly highlights that its recent performance has been softer than the silver-focused FoF group shown here.
What is the minimum SIP amount?
The minimum SIP amount is ₹100.
Who manages the fund and what is the exit load?
The fund is managed by Devang Shah, Aditya Pagaria, Akhil Thakker and Shreyash Devalkar. The exit load is NIL upto 10% of investment and 1% for reamaining investment on or before 12M, Nil after 12M.
Bottom line
Axis Multi-Asset Omni FoF Direct Growth Plan has a short and uneven track record so far, with near-term moves that are better than the benchmark in the latest 3-month stretch but still not enough to establish a durable long-term record. The peer set in this review shows far stronger 1-year and available 3-year figures, yet those funds are concentrated in silver-focused FoFs rather than the same multi-asset profile. The fund’s High Risk label, layered holding structure and broad use of underlying fund units make it more suitable for investors who value diversification and can live with an early-stage performance history.
Published on 17 September 2026 at 1:01 PM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.