I have personally invested in AXIS Mutual Funds. I was a bit worried about the underperformance of these funds, so I decided to go deeper and check the performance of the individual stocks owned by the AMC. So I noticed only few schemes underperformed like the Focused 25 Fund while small cap and midcap funds were giving better than index returns. Stocks in Focused 25 like pidilite, Bajaj Twins and Diagnostic stocks which contribute to majority of the holdings are considerably down. The reasons are macro economic situations or overvaluation in the last 2 years are being rationalized by the market.
We need to understand that all Fund Managers have their own Investing Model, which tend to perform differently in different market conditions. So personally I trust the Fund Manager and not the return in the short term.
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