Axis Multi Factor Passive FoF
FoF Domestic · Axis Asset Management Co. Ltd.
Among the 470 funds in its category, most others have grown money faster than this one. ₹1 lakh invested 3 years ago would be about ₹1.2 lakh today. Investing ₹10,000 every month for the last 3 years would have put in ₹3.7 lakh and grown it to about ₹3.8 lakh. Be warned: in its worst stretch, ₹1 lakh briefly shrank to about ₹77,990. Expect meaningful ups and downs on the way.
New to fund research? Start with the 5-minute guide. The detailed numbers below back all of this up.Axis Multi Factor Passive FoF is a FoF Domestic fund from Axis Asset Management Co. Ltd.. It has a track record of about 4.5 years. As of the latest data it carries an RS rating of 9/99 (its recent momentum versus category peers) and a King Score of 32/100 (a long-term quality composite). The current NAV is ₹15.18 (as of 2026-09-16).
Growth of ₹100 - last 5 years
Axis Multi Factor Passive FoF returns: last 1, 3, 5 and 10 years
| Period | This fund | Category average |
|---|---|---|
| 1 month | -4.68% | -1.68% |
| 3 months | -2.85% | -0.37% |
| 6 months | 1.9% | 2.56% |
| 1 year | -1.12% | 18.46% |
| 3 years (CAGR) | 7.44% | 18.94% |
Its trailing one-year return is -1.12%. Trailing returns flatter or disappoint depending on the end date you pick - the year-by-year and rolling-return sections below are a fairer read.
Year-by-year returns
| Year | Axis Multi Factor Pass | Benchmark |
|---|---|---|
| 2023 | +24.9% | +25.8% |
| 2024 | +11.6% | +15.2% |
| 2025 | +6.2% | +6.7% |
| 2026 | -4.7% | -5.8% |
Axis Multi Factor Passive FoF beat its benchmark in 1 of the last 4 calendar years. A below-par hit-rate versus its own index is worth weighing against its other strengths. Consistency against the benchmark matters more than any single great year.
Calendar-year returns show how bumpy the ride really was - an average hides the good years and the ugly ones.
What a monthly SIP in Axis Multi Factor Passive FoF would have made
A ₹10,000-a-month SIP, using this fund's actual NAV history. SIP returns (XIRR) differ from lumpsum CAGR because your money goes in gradually, averaging your entry price.
| SIP duration | You invested | It became | XIRR |
|---|---|---|---|
| 3 years | ₹370,000 | ₹382,268 | 2.13% |
Over 3 years, ₹370,000 invested in monthly instalments would have grown to about ₹382,268 - an XIRR of 2.13%. Figures are pre-tax and assume you stayed invested throughout.
Risk & drawdowns
| Measure | This fund | Category average |
|---|---|---|
| Worst drawdown (lifetime) | -22.01% | -18.66% |
| Worst drawdown (3Y) | -22.01% | -15.66% |
| Volatility (1Y) | 15.15% | 23.47% |
| Sharpe (3Y) | 0.08 | 0.59 |
| Sortino (3Y) | 0.17 | 1.3 |
| Beta (3Y) | 0.92 | 0.39 |
| Alpha (3Y) | -0.88% | 12.5% |
| Up capture | 91.4% | 61.1% |
| Down capture | 92.2% | 21.88% |
| Bull-market return | 27.3% | 31.51% |
| Bear-market return | -30.8% | -5.21% |
Timing matters more than people admit: the best possible 1-year stretch in Axis Multi Factor Passive FoF (starting 2023-08-31) gained 41.3%, while the worst (starting 2024-09-26) lost 11.2%. The worst peak-to-bottom fall Axis Multi Factor Passive FoF has ever put investors through is -22.01% - the real test of whether you'd have stayed invested. In falling markets (Nifty below its 200-day average) it has returned about -30.8% annualised, versus 27.3% in rising markets. It has captured roughly 91.4% of its benchmark's up-moves and 92.2% of its down-moves.
How Axis Multi Factor Passive FoF behaves when markets fall
When the market is falling (the Nifty below its 200-day average), Axis Multi Factor Passive FoF has historically returned about -30.8% annualised, versus roughly 27.3% when the market is rising. Its deepest fall on record is -22.01%. Right now it sits about 10.93% below its all-time high (last hit 2024-09-27). The real question isn't the average year - it's whether you could hold on through the worst one.
How Axis Multi Factor Passive FoF ranks in its category
Percentile versus its ~470 category peers - 100th is best-in-class, 50th is average. This is the fairest apples-to-apples read.
Consistency (rolling returns)
| Measure | Value |
|---|---|
| Median 3Y rolling CAGR | 13.46% |
| 3Y windows positive | 100.0% |
| Worst 3Y window | 8.51% |
Instead of one lucky start date, rolling returns test every start date. Across all 3-year windows in its history, Axis Multi Factor Passive FoF returned a median of 13.46% a year, and 100.0% of those windows were positive.
Who manages Axis Multi Factor Passive FoF - and how good are they?
Axis Multi Factor Passive FoF is managed by Nandik Malik and Rohit Gautam. Below is each manager's complete track record - every fund they currently run, judged on the same numbers as everything else on this page - so you can see whether this fund is in strong hands or is the outlier in a weak book.
Nandik Malik's full record
Nandik Malik currently runs 14 funds, across FoF Domestic, Index Funds, with about ₹4,326 Cr under management. The book's average King Score is 44.1/100. Their strongest fund by King Score is Axis Nifty Midcap 50 Index Fund (67/100); Axis Multi Factor Passive FoF ranks #6 of 14 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Axis Nifty Midcap 50 Index Fund | 91 | 67 | 0.5% | 12.2% | 7.1% | 14.9% | n/a | n/a | 0.45 | 24.6% | -20.3% |
| 2 | Axis Nifty Smallcap 50 Index Fund | 99 | 61 | 7.2% | 24.3% | 12.3% | 18.1% | n/a | n/a | 0.54 | 24.6% | -27.7% |
| 3 | Axis Nifty Next 50 Index Fund | 64 | 59 | -1.5% | 8.8% | 3.9% | 15.8% | n/a | n/a | 0.48 | 18.4% | -26.4% |
| 4 | Axis Nifty 100 Index Fund | 26 | 45 | -2.1% | 0.8% | -4.9% | 7.4% | 7.2% | n/a | 0.07 | 15.3% | -37.0% |
| 5 | Axis Nifty 50 Index Fund | 19 | 38 | -2.2% | -0.8% | -6.7% | 5.8% | n/a | n/a | -0.04 | 12.9% | -15.8% |
| 6 | Axis Multi Factor Passive FoF (this page) | 9 | 32 | -2.9% | 1.9% | -1.1% | 7.4% | n/a | n/a | 0.08 | 13.5% | -22.0% |
| 7 | Axis Nifty IT Index Fund | 24 | 7 | 3.8% | 1.8% | -18.0% | -2.8% | n/a | n/a | -0.37 | n/a | -39.6% |
| 8 | Axis Nifty500 Momentum 50 Index Fund | 54 | n/a | -1.6% | 8.9% | 1.9% | n/a | n/a | n/a | 0.08 | n/a | -16.9% |
| 9 | Axis Nifty Bank Index Fund | 46 | n/a | -1.2% | 3.1% | 3.1% | n/a | n/a | n/a | 0.04 | n/a | -17.8% |
| 10 | Axis Nifty500 Value 50 Index Fund | 41 | n/a | -5.2% | 0.2% | 11.1% | n/a | n/a | n/a | -0.03 | n/a | -18.1% |
| 11 | Axis Nifty 500 Index Fund | 40 | n/a | -1.2% | 4.4% | -2.2% | n/a | n/a | n/a | -0.46 | n/a | -18.6% |
| 12 | Axis BSE Sensex Index Fund | 11 | n/a | -2.0% | -1.5% | -8.2% | n/a | n/a | n/a | -0.3 | n/a | -15.9% |
| 13 | Axis Nifty500 Quality 50 Index Fund | n/a | n/a | -3.0% | 7.7% | n/a | n/a | n/a | n/a | n/a | n/a | -15.0% |
| 14 | Axis BSE India Sectors Leaders Index Fund | n/a | n/a | -1.5% | 2.7% | n/a | n/a | n/a | n/a | n/a | n/a | -12.5% |
Rohit Gautam's full record
Rohit Gautam currently runs 14 funds, across FoF Domestic, Index Funds, with about ₹4,326 Cr under management. The book's average King Score is 44.1/100. Their strongest fund by King Score is Axis Nifty Midcap 50 Index Fund (67/100); Axis Multi Factor Passive FoF ranks #6 of 14 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Axis Nifty Midcap 50 Index Fund | 91 | 67 | 0.5% | 12.2% | 7.1% | 14.9% | n/a | n/a | 0.45 | 24.6% | -20.3% |
| 2 | Axis Nifty Smallcap 50 Index Fund | 99 | 61 | 7.2% | 24.3% | 12.3% | 18.1% | n/a | n/a | 0.54 | 24.6% | -27.7% |
| 3 | Axis Nifty Next 50 Index Fund | 64 | 59 | -1.5% | 8.8% | 3.9% | 15.8% | n/a | n/a | 0.48 | 18.4% | -26.4% |
| 4 | Axis Nifty 100 Index Fund | 26 | 45 | -2.1% | 0.8% | -4.9% | 7.4% | 7.2% | n/a | 0.07 | 15.3% | -37.0% |
| 5 | Axis Nifty 50 Index Fund | 19 | 38 | -2.2% | -0.8% | -6.7% | 5.8% | n/a | n/a | -0.04 | 12.9% | -15.8% |
| 6 | Axis Multi Factor Passive FoF (this page) | 9 | 32 | -2.9% | 1.9% | -1.1% | 7.4% | n/a | n/a | 0.08 | 13.5% | -22.0% |
| 7 | Axis Nifty IT Index Fund | 24 | 7 | 3.8% | 1.8% | -18.0% | -2.8% | n/a | n/a | -0.37 | n/a | -39.6% |
| 8 | Axis Nifty500 Momentum 50 Index Fund | 54 | n/a | -1.6% | 8.9% | 1.9% | n/a | n/a | n/a | 0.08 | n/a | -16.9% |
| 9 | Axis Nifty Bank Index Fund | 46 | n/a | -1.2% | 3.1% | 3.1% | n/a | n/a | n/a | 0.04 | n/a | -17.8% |
| 10 | Axis Nifty500 Value 50 Index Fund | 41 | n/a | -5.2% | 0.2% | 11.1% | n/a | n/a | n/a | -0.03 | n/a | -18.1% |
| 11 | Axis Nifty 500 Index Fund | 40 | n/a | -1.2% | 4.4% | -2.2% | n/a | n/a | n/a | -0.46 | n/a | -18.6% |
| 12 | Axis BSE Sensex Index Fund | 11 | n/a | -2.0% | -1.5% | -8.2% | n/a | n/a | n/a | -0.3 | n/a | -15.9% |
| 13 | Axis Nifty500 Quality 50 Index Fund | n/a | n/a | -3.0% | 7.7% | n/a | n/a | n/a | n/a | n/a | n/a | -15.0% |
| 14 | Axis BSE India Sectors Leaders Index Fund | n/a | n/a | -1.5% | 2.7% | n/a | n/a | n/a | n/a | n/a | n/a | -12.5% |
A caveat worth keeping: funds often have co-managers, and results belong to the whole team and process rather than one person. A manager's book tells you about their range and consistency, not a guarantee of skill.
Cost & fund basics
| Detail | Value |
|---|---|
| Expense ratio (Direct) | 0.08% |
| Exit load | ≈1% if redeemed within 1 year (typical) |
| Minimum investment | ₹5000 |
| Fund size (AUM) | ₹36 Cr |
| Age | 4.5 years |
| Plan / Option | Direct · Growth |
| Benchmark | NIFTY500 |
How Axis Multi Factor Passive FoF compares to peers
| Fund | RS | King | 3Y CAGR |
|---|---|---|---|
| UTI Gold ETF Fund of Fund | 88 | 82 | 36.0% |
| Motilal Oswal Gold and Silver Passive Fund of Funds(Direct ) | 88 | 78 | 37.9% |
| LIC MF Gold ETF Fund of Fund | 74 | 78 | 35.5% |
| Edelweiss Gold and Silver ETF FOF | 88 | 77 | 40.5% |
| Nippon India Multi - Asset Omni FoF | 63 | 76 | 15.7% |
| Axis Silver Fund of Fund | 94 | 73 | 45.3% |
Overlap warning: funds in the same category often own many of the same stocks - holding several rarely adds the diversification people expect.
What these numbers mean
RS rating (1-99) ranks a fund's recent momentum against its category - higher is stronger right now. King Score (0-100) is a long-term quality composite (returns, consistency, drawdown, risk-adjusted return) versus peers. Max drawdown is the worst peak-to-bottom fall the fund has ever experienced. Rolling returns test every possible start date, so one lucky (or unlucky) entry point can't distort the picture. Every formula behind this page is public - see how we calculate every number.
Axis Multi Factor Passive FoF review: the bottom line
Related
Frequently asked questions
Is Axis Multi Factor Passive FoF a good mutual fund?
That depends on your goals and risk tolerance - this is descriptive research, not advice. On the numbers, Axis Multi Factor Passive FoF scores 32/100 on our King Score and RS 9/99 within its category, has compounded 7.44% a year over three years, and its worst drawdown was -22.01%. Compare those against your needs and the peer table above.
What is the NAV of Axis Multi Factor Passive FoF today?
The latest NAV is ₹15.18 (as of 2026-09-16). NAV (net asset value) is the per-unit price of the fund, published every business day by the AMC.
What is the expense ratio of Axis Multi Factor Passive FoF?
The Direct-plan expense ratio is 0.08% a year. The Direct plan is cheaper than the Regular plan because it carries no distributor commission - over decades that gap compounds meaningfully.
Who is the fund manager of Axis Multi Factor Passive FoF?
Axis Multi Factor Passive FoF is managed by Nandik Malik; Rohit Gautam.
Is Axis Multi Factor Passive FoF safe? How risky is it?
No market-linked fund is 'safe' in the fixed-deposit sense - the honest question is how deep its falls get. Its worst historical drawdown was -22.01% - ₹1 lakh briefly becoming about ₹77,990. As a index & fof, its risk profile is typical of that category. Look at the drawdown, volatility and bear-market figures above and ask whether you could stay invested through the bad stretches.
Is Axis Multi Factor Passive FoF good for SIP?
We can't tell you what to do, but here is what actually happened: a ₹10,000 monthly SIP over the last 3 years grew ₹3.7 lakh into about ₹3.8 lakh (XIRR 2.13%). SIPs average your entry price, which helps most in funds that swing hard - check the crash-behaviour section above to see how it treats investors in bad markets.
What are the SIP returns of Axis Multi Factor Passive FoF?
A ₹10,000/month SIP over 3 years would have grown to about ₹382,268 (an XIRR of 2.13%) on ₹370,000 invested, using the fund's actual NAV history. See the SIP table above for other durations.
How does Axis Multi Factor Passive FoF rank among similar funds?
On 3-year returns it sits around the 30th percentile of its category, and its consistency ranks 32th percentile. 100th is best-in-class, 50th is average. See the category-ranking section above.
Is Axis Multi Factor Passive FoF tax-efficient / what about capital gains?
As a index & fof, gains follow the rules for its asset class - equity-oriented funds are taxed differently from debt. All returns on this page are pre-tax; your actual post-tax return depends on your holding period and slab. This is descriptive information, not tax advice.
Direct or Regular plan - which is shown here?
All figures on this page are for the Direct-Growth plan (no distributor commission, lower cost). Returns are pre-tax; capital-gains tax depends on your own holding period and slab.
See Axis Multi Factor Passive FoF live in the MF Terminal
Everything above is a static snapshot. The terminal is where you actually research it:
- Interactive price chart with EMAs & RSI
- The RS line plotted against its benchmark
- Full holdings, sector mix & portfolio overlap
- Point-in-time backtester & portfolio doctor
- Compare it side-by-side with any peer
- Screen 1,600+ funds on the same metrics
Data: AMFI NAV history, NSE indices, BSE StAR and monthly disclosures. All figures are pre-tax. Descriptive research and education only - nothing here is investment advice or a recommendation to buy, sell or hold any fund. Past performance does not guarantee future returns.