Axis Mutual Fund
Axis Mutual Fund was incorporated in January 2009 and launched its first scheme in October the same year. The fund house is sponsored by Axis Bank Ltd. and its trustee is Axis Mutual Fund Trustee Ltd.
Axis Mutual Fund is guided by its business philosophy in terms of their products, strategy of service, and sales. They are ambitious about providing financial solutions and investment solutions which help their customers to feel secure about their investments. A special emphasis is laid on the management of risks and the plannings are done accordingly.
Key Features of Axis Mutual Fund
The main features of the Axis Mutual Fund can be listed as follows:
- Axis Mutual Fund offers a well-rounded suite of products that comprises over 50 schemes.
- At present, the Axis Mutual Fund has more than 20 lakh investor accounts which are active.
- Axis Mutual Fund is present across the country in more than 90 cities.
- Axis Mutual Fund believes in 3 basic pillars- 1) Investors' decision, 2) Outside-in view, and 3) Investors' language of communication.
- Axis Mutual Fund helps in enduring wealth creation.
- Axis Mutual Fund believes in long-term relationships.
Top Axis Mutual Fund Schemes
Some of the top funds by Axis Bank are mentioned below:
Axis Equity Funds
Axis Multicap Fund Direct Growth
An open-ended equity program that makes investments in small, mid, and large-cap stocks
Scheme features:
Benchmark Index | Nifty 500 Multicap 50:25:25 TRI |
Investment Options | Equity |
Minimum Investment | Rs.100 |
Entry Load | Not Applicable |
Exit Load | If redeemed or replaced within a year, 10% of the initial investment would be zero. For the balance of the investment: 1%; if redeemed or switched out more than a year from the date of allocation: 0% |
Riskometer | Very High |
Fund Manager | Mr. Shreyash Devalkar, Mr. Nitin Arora, Mr. Hitesh Das, Mr. Sachin Jain |
Axis Value Fund Direct Growth
An equity program that is open ended and adheres to a value investment philosophy.
Scheme features:
Benchmark Index | Nifty 500 TRI |
Investment Options | Equity |
Minimum Investment | Rs.100 |
Entry Load | Not Applicable |
Exit Load | If redeemed or replaced within a year, 10% of the initial investment would be zero. For the balance of the investment: 1%; if redeemed or switched out more than a year from the date of allocation: 0% |
Riskometer | Very High |
Fund Manager | Mr. Sachin Relekar, Mr. Nitin Arora, Ms. Krishnaa N |
Axis Small Cap Fund Direct GrowthAn equity program that is open ended and primarily invests in small-cap stocks.
Scheme features:
Benchmark Index | NIFTY Smallcap 250 TRI |
Investment Options | Equity |
Minimum Investment | Rs.100 |
Entry Load | Not Applicable |
Exit Load | If redeemed or replaced within a year, 10% of the initial investment would be zero. For the balance of the investment: 1%; if redeemed or switched out more than a year from the date of allocation: 0% |
Riskometer | Very High |
Fund Manager | Mr. Shreyash Devalkar, Mr. Mayank Hayanki, Mr. Vinayak Jayanath |
Axis Debt Funds
Axis Short Term Fund Direct Growth
A short-term debt program that is open ended and invests in securities with a Macaulay duration of one to three years.
Scheme features:
Benchmark Index | NIFTY Short Duration Debt Index A-II |
Investment Options | Debt |
Minimum Investment | Rs.1000 |
Entry Load | Not Applicable |
Exit Load | Nil |
Riskometer | Low to Moderate |
Fund Manager | Mr. Devang Shah, Mr. Aditya Pagaria |
Axis Treasury Advantage Fund Direct Growth
A low-duration debt program that is open ended that invests in securities with a Macaulay term of six to twelve months.
Scheme features:
Benchmark Index | NIFTY Low Duration Debt Index A-I |
Investment Options | Debt |
Minimum Investment | Rs.1000 |
Entry Load | Not Applicable |
Exit Load | Nil |
Riskometer | Low to Moderate |
Fund Manager | Mr. Devang Shah, Mr. Aditya Pagaria |
Axis Hybrid Funds
Axis Arbitrage Fund Direct Growth
An unrestricted plan that makes investments in arbitrage possibilities.
Scheme features:
Benchmark Index | NIFTY Low Duration Debt Index A-I |
Investment Options | Hybrid |
Minimum Investment | Rs.100 |
Entry Load | Not Applicable |
Exit Load | If redeemed or replaced within a year, 10% of the initial investment would be zero. For the balance of the investment: 1%; if redeemed or switched out more than a year from the date of allocation: 0% |
Riskometer | Low |
Fund Manager | Mr. Devang Shah, Mr. Ashish Naik, Mr. Karthik Kumar, Mr. Sachin Jain |
Axis Balanced Advantage Fund Direct Growth
A fund with an open-ended dynamic asset allocation
Scheme features:
Benchmark Index | NIFTY50 Hybrid Composite Debt 50:50 Index |
Investment Options | Hybrid |
Minimum Investment | Rs.100 |
Entry Load | Not Applicable |
Exit Load | If redeemed or replaced within a year, 10% of the initial investment would be zero. For the balance of the investment: 1%; if redeemed or switched out more than a year from the date of allocation: 0% |
Riskometer | Very High |
Fund Manager | Mr. Devang Shah, Mr. Jayesh Sundar, Mr. Ashish Naik, Mr. Hardik Shah |
Axis Index Funds
Axis Nifty 100 Index Fund Direct Growth
A fund with open-ended investments that tracks the NIFTY 100 index.
Scheme features:
Benchmark Index | Axis Nifty 100 Index Fund |
Investment Options | Index Fund |
Minimum Investment | Rs.100 |
Entry Load | Not Applicable |
Exit Load | Nil |
Riskometer | Very High |
Fund Manager | Mr. Ashish Naik, Mr. Karthik Kumar |
Axis NIFTY Next 50 Index Fund Direct Growth
A fund that tracks the NIFTY NEXT 50 index and is open ended.
Scheme features:
Benchmark Index | Axis NIFTY Next 50 Index Fund |
Investment Options | Index Fund |
Minimum Investment | Rs.100 |
Entry Load | Not Applicable |
Exit Load | Nil |
Riskometer | Very High |
Fund Manager | Mr. Sachin Relekar, Mr. Karthik Kumar |
Axis Solution‑Oriented Fund Plans
Axis Gold Fund Direct Growth
A fund of funds plan that is open ended and invests in Axis Gold ETF.
Benchmark Index | Gold Domestic Price |
Investment Options | Solution Oriented |
Minimum Investment | Rs.100 |
Entry Load | Not Applicable |
Exit Load | Nil |
Riskometer | High |
Fund Manager | Mr. Aditya Pagaria |
Axis Retirement Savings Fund
A five-year lock-in period or until retirement age (whichever comes first) for an open-ended retirement solution-oriented scheme.
Benchmark Index | CRISIL Hybrid 25+75 - Aggressive Index |
Investment Options | Solution Oriented |
Minimum Investment | Rs.5000 |
Entry Load | Not Applicable |
Exit Load | Nil |
Riskometer | Very High |
Fund Manager | Mr. Jayesh Sundar, Mr. Devang Shah, Mr. Hardik Shah, Mr. Nitin Arora, Mr. Krishnaa N |
Axis International Funds
Axis NASDAQ 100 FOF Direct Growth
An open ended fund of fund strategy that invests in ETF units with a Nasdaq 100 TRI focus.
Benchmark Index | Axis NASDAQ 100 |
Investment Options | International Funds |
Minimum Investment | Rs.100 |
Entry Load | Not Applicable |
Exit Load | Redeemed or switched out before 7 days of the allocation date: 1%; redeemed or switched out beyond 7 days of the allocation date: 0% |
Riskometer | Very High |
Fund Manager | Mr. Vinayak Jayanath |
Axis Global Innovation Fund of Fund Direct Growth
Investing in Schroder International Selection Fund Global Disruption through an open-ended fund of fund plan.
Benchmark Index | MSCI AC World Index TRI |
Investment Options | International Funds |
Minimum Investment | Rs.100 |
Entry Load | Not Applicable |
Exit Load | Redeemed or switched out before 12 months of the allocation date: 1%; redeemed or switched out beyond 12 months of the allocation date: 0% |
Riskometer | Very High |
Fund Manager | Mr. Vinayak Jayanath |
Note: Only some of the mutual fund schemes have been mentioned here. For more information, kindly visit the Axis Mutual Fund official website.
How to Download Axis Mutual Fund Statements
Under the Axis Mutual Fund Account, the following steps can be followed to check the status of the statement online:
- You have to visit the official website of the Axis Mutual Fund at www.axismf.com.
- Click on the menu (3 horizontal bars) option. This can be found on the top-left corner of the home screen, just next to the logo of the Axis Mutual Fund.
- From the menu, you have to click on the 'Investor Services' option.
- Under the 'Investor Services' option, you have to select the 'Statement of Account' option. This will redirect you to a new webpage.
- On the 'Account Statement' page, you have to feed either your Folio number or your Permanent Account Number (PAN).
- The 'Pick a Timeframe' option is provided for selecting a timeframe for which you want to view the statement. Under this option, there are 4 pre-set sub-options- 'Date Range', 'Since Inception', 'Current Financial Year', and 'Previous Financial Year'.
- The 'Date Range' option is applicable if you want to view the statement for a particular time period only. Under the 'Date Range' option you have to quote the starting date and ending date of the time period. Once the date range is set, click on the 'Email Statement' option to receive an email with your statement on the email ID registered with the Axis Mutual Fund.
- In other cases, you can just select the option and click on 'Email Statement' to receive an email with your statement for that period on your registered email ID.
Eligibility Criteria for Investing in Axis Mutual Funds
The below entities/individuals are eligible for investing in the units of Axis Mutual Funds:
- Adult citizens residing in India
- Minors through legal guardian/parents
- Hindu Undivided Family (HUF)
- Limited Liability Partnerships
- Partnership Firms
- Proprietors
- Financial Institutions and Banks including Regional Rural Banks and Cooperative Banks
- Public Sector Undertakings (PSUs), companies, corporate bodies, and societies registered under the Societies Registration Act, 1860
- Persons of Indian Origin (PIOs) and Non-Resident Indians (NRIs) on repatriation or non-repatriation basis
- Religious and Charitable Trusts
- Foreign Institutional Investors (FIIs), Foreign Portfolio Investors (FPIs), and Qualified Foreign Investors (QFIs)
Documents Required for Investing in Axis Mutual Funds
To invest in any mutual fund scheme, the investor needs to comply with the Know-Your-Customer (KYC) guidelines. To complete the KYC process, the investor can follow the below-given steps:
- Download the KYC form available on the official website of Axis Mutual Funds.
- After filling the form, it should be submitted at the nearest investor services center or any SEBI registered intermediary along with the following documents attached - proof of identity and proof of address.
- The investor will be issued an acknowledgement receipt which he/she needs to submit while applying for subscribing to a mutual fund scheme.
After the KYC process is complete, the investor can invest in any of the mutual fund schemes online, through a broker, or through the easy services - app, call, SMS, and sell.
Why invest with Axis Mutual Funds?
- Low investment risks - Axis Mutual Funds mitigate risks by diversifying its portfolio through a combination of equity, debt, fixed income instruments, etc.
- Professionally managed - The fund managers handling your investment portfolios have a rich experience in making investment decisions which are backed by extensive research. Their experience will help you grow your capital over a long term.
- Hassle-free process of investment - The process for investing is simple, quick, and hassle-free. The same applies for redemption of the mutual fund units.
- Transparent mode of investment - Mutual funds are regulated by the Securities and Exchange Board of India (SEBI) and Axis Mutual Funds abide by it. The schemes are transparent and offer the flexibility of choosing a scheme based on the investment goals and risk appetite of the investor.
- Tax efficient investment - Axis Mutual Funds offer schemes that help you enjoy tax benefits. The benefits are available under Section 80C of the Income Tax Act, 1961.
FAQs on Axis Mutual Funds
- How can I begin an online SIP for Axis Mutual Fund?
You can make investments via the websites of the relevant fund houses. Investing in Axis Mutual Funds can also be done using any other online platform or mobile application.
- How are Axis Mutual Funds redeemed?
One can visit the closest fund house and turn in a form to redeem Axis Mutual Funds offline. Alternatively, by logging in with the folio number, an investor can visit the official website and redeem the investment.
- How can I increase my Axis Mutual Fund SIP amount?
Step-up or top-up SIPs can be used to raise the amount of a sip into an Axis Mutual Fund. Few fund houses offered this feature in the past. Currently, though, most of them do, so it's best to check with the fund house first.
- How can I calculate my Axis Mutual Fund SIP?
By considering the investment amount, SIP tenure, number of SIPs paid already, and the interest rate expected, you can calculate your Axis Mutual Fund SIP.
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