AXIS FOCUSED 25 fund runs a compact portfolio of around 25 stocks. This concentrated approach allows the fund manager to take a sizeable exposure to his high conviction bets. The fund is highly benchmark agnostic, and the portfolio significantly diverges from the index in both individual and sector positions.

AXIS FOCUSED 25 fund invests predominantly in large-caps, but takes a sizeable expo sure to mid-caps as well. The fund manager prefers high growth, quality businesses and holds them through their entire business cycle.

While AXIS FOCUSED 25 fund has beaten its benchmark comfortably across time periods, it lags behind many of its peers. The presence of a skilled fund manager augurs well, but more consistency in outperformance will provide more comfort.