Axis Mutual Fund
Axis Asset Management Company Limited
About Axis Mutual Fund
Axis Bank, the 3rd largest private bank in India, operates the Axis Asset Management Company Ltd., more commonly known as the Axis Mutual Fund. This AMC (Asset Management Company) is owned by Axis Bank, with a 74.99% stake, with the remaining 25% stake owned by Schroder Singapore Holdings Private Limited.
Axis Mutual Fund, referred to by some as Axis Bank mutual fund or Axis Bank MF, is available in more than 100 cities in India with over 6 million investor accounts and more than 170 investment schemes. Incorporated in October 2009, this AMC has been going strong ever since. Even though Axis MF has been around only for 11 years, its total AuM (Assets under Management) as of 31st March 2019, was a whopping 89,700 Crore INR.
There are 3 main pillars that Axis MF stands on -
- Outside-in View - Language can often be a barrier to communication, especially in a very diverse country like India. For the same reason, Axis MF’s motto is to speak in the investor’s language and help him/her choose the investment plans wisely.
- Enduring Wealth Creation - Axis MF plays an important role in deciding long-term investment plans best suited for each customer based on his/her needs.
- Long-term Relationships -Axis MF strives to build good relationships with its customers rather than being purely transactional. They care for your financial security.
How to invest in Axis Mutual Funds?
You can invest in axis mutual fund online, which is highly advantageous when compared to offline methods. You can sit at home, and invest directly from your device. Here’s how you do that through Mobikwik:
- Step 1 - Register for a Mobikwik account if you don’t have one and log in with your credentials.
- Step 2 - Complete your KYC process. You may be required to submit documents for details such as permanent address, mobile number, etc.
- Step 3 - Choose from Axis bank mutual fund schemes of your choice (options available in a separate section later).
- Step 4 - You can invest through two plans - a bulk amount once, or small amounts at regular intervals - called SIP (Systematic Investment Plan).
- Step 5 - You can notice the process completion in your Mobikwik account, which usually doesn’t take over 3-4 working days.
Types of Funds Offered by Axis Mutual Fund
Before choosing an MF scheme to invest in, you should be clear of your goals - risk factor involved and returns being the major two aspects. Axis MF offers a variety of fund schemes that are equity-oriented, debt-oriented, hybrid, etc. Here are some of the top-performing MF schemes offered by Axis MF -
Axis Long Term Equity Fund
This is an open-ended equity fund for saving, with a statutory lock-in of 3 years and tax benefit. Despite being a moderately high-risk fund, the annualized returns rate is 14.98%. This fund has a 5-star rating.
Axis Bluechip Fund
An open-ended equity scheme that predominantly focuses on investing in large cap, this fund has an annualized returns rate of 10.57%. This is a moderately high-risk fund and is one of the highest-rated funds offered by Axis.
Axis Banking & PSU Debt Fund
This is an open-ended debt fund with a moderately low-risk factor, just like any other debt fund, and focuses on investing in public sector undertakings and public financial institutions. Its annualized return is 8.87%.
Axis Treasury Advantage Fund
This is an open-ended low duration debt scheme with a moderately low-risk factor. This fund mainly focuses on instruments such that the Macaulay duration (weighted average term to maturity of the cash flows from a bond) of the folio is between 6-12 months. The annualized returns are 8.14%.
Axis Short Term Fund
Again, like the previously mentioned fund, this one is an open-ended short term fund with a moderately low-risk factor. This fund, however, invests in instruments such that the Macaulay duration is between 1-3 years. This is another one of the highest-rated Axis mutual fund schemes with an annualized return rate of 8.29%.
Axis Midcap Fund
This is an open-ended equity fund for saving, with a statutory lock-in of 3 years and tax benefit. Despite being a moderately high-risk fund, the annualized returns rate is 14.98%. This fund has a 5-star rating.
Axis Long Term Equity Fund
An open-ended equity fund, which, as the name suggests, focuses on investing in mid cap stocks. This fund had the highest returns of 16.3% in 2019 and has an annualized returns rate of 15.16%. This is a moderately high-risk fund scheme that delivers great returns.
Axis Focused 25 Fund Direct
Being an equity scheme that invests in 25 different stocks (large cap, mid cap, or small cap), you can expect fairly high returns from Axis Focused 25 Direct. It’s a diversified investment scheme with a moderately high-risk factor scheme that has an annualized returns rate of 13.21%.
Axis Credit Risk Fund
This is a debt scheme that invests in AA and corporates and the ones rated below. A moderate risk fund, which has an annualized returns rate of 7.44%. It is amongst the second-highest-rated funds provided by Axis.
Axis Equity Saver Fund
This is an open-ended, moderately high-risk fund that invests in equity, arbitrage, and debt. This is a 4 star rated fund scheme with an annualized returns rate of 5.30%.
Axis Ultra Short Term Fund
As the name suggests, this is a super short-term fund that invests in instruments such that the Macaulay duration is between 3-6 months. Being a moderately low-risk debt scheme, this has delivered annualized returns of 7.31%. If you’re a beginner in investing in mutual funds , this fund can be a great start.
Documents Required to Invest in Axis Mutual Fund
To begin your Axis MF online investment, you require the following documents for the successful completion of your KYC.
- Identity proof - Photo PAN Card. In case of a Non-Photo PAN Card, you can submit a copy of the PAN Card with Driving License / Passport copy / Voter ID /Bank Photo Passbook.
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Proof of address (any one of the following) -
- Aadhaar card
- Passport copy
- Voter ID
- Driving License
- Photograph (passport sized)
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incorporated
Sep-05-1994
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CEO / MD
Mr. A. Balasubramanian
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Address
Axis House, 1st Floor, C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli,
Mumbai - 400025
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Phone
-
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Email
-
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Registrar & Transfer Agent
Karvy Fintech Pvt Ltd.
"KARVY HOUSE",46, Avenue 4, Street No.1, Banjara Hills,
Hyderabad - 500 034
Andhra Pradesh
91-40-23311968
mailmanager@karvy.com -
Auditors
S. R. BATLIBOI & Co
Express Tower, 6th Floor,Nariman Point,Mumbai
Mumbai - 400021
Maharashtra
91-22-22876401
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Total Net Assets of Axis Mutual Fund as of March 2018 - 69,296cr
Axis Mutual Fund - Estimated fund Flows for March 2018
Frequently Asked Questions on Axis Mutual Fund
Which Axis mutual fund is best?
All kinds of funds serve distinct purposes. So the best mutual fund for you, might not be the best mutual fund for another. It depends on what your investment goals are, how much risk you’re willing to take, and the returns you expect. It also depends on how much money you’re going to invest in.
Is Axis Mutual Fund good?
Axis is a highly trusted private sector company with a history of being extremely trust-worthy. Also, Axis Mutual Fund provides a lot of schemes suited for all sorts of customers and is doing good in the MF market. You have an added advantage of choosing your investment plan - a lump sum amount or via a SIP. Both short-term and long-term fund schemes are available, and there’s also an ultra short-term debt scheme for beginners.
How can I check my Axis Bank Mutual fund balance?
Users can track their Axis MF investment, fund balance, and the Axis mutual fund NAVs for various fund schemes on Mobikwik in real-time. With Mobikwik, you will always be in command of your Axis fund portfolio and track it anytime from anywhere.
Can I invest in Axis Mutual Fund Online?
Yes, you certainly can invest in Axis mutual fund online. Refer to "How to invest in Axis Mutual Funds?"
Can NRIs invest in Axis Mutual Fund?
NRIs can invest in Indian mutual funds upon filling the Foreign Account Tax Compliance Act (FATCA) form and sharing their tax identification number for the country they are residing in. They can only invest through an NRE/NRO account, however.
How can I redeem my Axis Mutual Fund?
You can redeem your Axis MF online from the Mobikwik dashboard. Once you redeem them, the eligible amount will be transferred to your registered bank account within 3-4 working days or sooner.
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Axis Mutual Fund Schemes
| NAME | RATING | Category | Nav | EXP Ratio | Assets | 1y | 3y | 5y |
|---|---|---|---|---|---|---|---|---|
| Axis Aggresive Hybrid Fund Direct Growth | Balanced | 21.55 | 1.05% | 1,619 cr | 23.50% | 9.11% | 13.86% | |
| Axis Arbitrage Direct Growth | — | Others | 19.4476 | 0.34% | 5,515 cr | 8.42% | 6.90% | 6.00% |
| Axis Balanced Advantage Fund Direct Growth | Balanced | 22.32 | 0.83% | 2,547 cr | 27.25% | 13.34% | 13.89% | |
| Axis Banking & PSU Debt Fund Direct Plan Growth | Debt | 2575.6113 | 0.35% | 13,122 cr | 7.88% | 6.07% | 6.34% | |
| Axis Bluechip Fund Direct Plan Growth | Equity | 66.38 | 0.70% | 33,236 cr | 24.19% | 8.65% | 14.38% | |
| Axis Children's Direct No Lock in Growth | — | Balanced | 28.9607 | 1.28% | 897 cr | 22.69% | 8.41% | 13.90% |
| Axis Conservative Hybrid Fund Direct Plan Growth Option | Balanced | 33.1642 | 0.97% | 298 cr | 11.18% | 6.96% | 9.46% | |
| Axis Corporate Bond Fund Direct Growth | Debt | 17.045 | 0.32% | 5,900 cr | 8.70% | 6.67% | 7.35% | |
| Axis Credit Risk Fund Direct Growth | Debt | 22.6144 | 0.80% | 424 cr | 8.85% | 7.07% | 7.58% | |
| Axis Dynamic Bond Fund Direct Plan Growth Option | Debt | 30.6857 | 0.25% | 1,597 cr | 8.60% | 5.82% | 6.98% | |
| Axis ELSS Tax Saver Fund Direct Plan Growth Option | Equity | 104.0153 | 0.79% | 36,533 cr | 25.72% | 8.31% | 14.96% | |
| Axis Equity Savings Fund Direct Plan Growth | Balanced | 24.06 | 1.00% | 1,020 cr | 16.91% | 9.47% | 11.39% | |
| Axis Flexi Cap Fund Direct Growth | Equity | 28.14 | 0.70% | 12,666 cr | 31.13% | 10.92% | 16.97% | |
| Axis Floater Fund Direct Growth | Debt | 1242.8072 | 0.20% | 233 cr | 9.68% | 7.04% | — | |
| Axis Focused Fund Direct Plan Growth Option | Equity | 60.13 | 0.82% | 13,356 cr | 23.14% | 5.03% | 12.91% | |
| Axis Gilt Fund Direct Plan Growth Option | Debt | 25.8074 | 0.35% | 696 cr | 10.56% | 6.51% | 7.31% | |
| Axis Gold Fund Direct Plan Growth option | — | Others | 25.0005 | 0.17% | 699 cr | 24.93% | 15.74% | 14.35% |
| Axis Growth Opportunities Fund Direct Growth | Equity | 34.13 | 0.58% | 13,780 cr | 31.62% | 14.53% | 23.29% | |
| Axis Innovation Fund Direct Growth | — | Equity | 18.83 | 1.27% | 1,226 cr | 31.96% | 10.31% | — |
| Axis Midcap Fund Direct Plan Growth | Equity | 125.52 | 0.54% | 30,008 cr | 36.76% | 17.14% | 24.24% | |
| Axis Multi Asset Allocation Fund Direct Plan Growth Option | — | Balanced | 44.0599 | 1.04% | 1,281 cr | 23.87% | 8.59% | 14.28% |
| Axis Multicap Fund Direct Growth | — | Equity | 17.99 | 0.71% | 6,577 cr | 40.44% | — | — |
| Axis Nifty 100 Index Fund Direct Growth | — | Equity | 21.7545 | 0.21% | 1,662 cr | 25.28% | 12.65% | 16.38% |
| Axis Nifty 500 Index Fund Direct Growth | — | Equity | 9.634 | 0.10% | 234 cr | — | — | — |
| Axis Nifty 50 Index Fund Direct Growth | — | Equity | 14.2737 | 0.12% | 548 cr | 21.76% | — | — |
| Axis Quant Fund Direct Growth | — | Equity | 16.84 | 0.65% | 1,092 cr | 24.28% | 14.80% | — |
| Axis Short Duration Fund Direct Plan Growth Option | Debt | 31.8294 | 0.36% | 9,301 cr | 8.61% | 6.58% | 7.00% | |
| Axis Small Cap Fund Direct Growth | Equity | 118.19 | 0.55% | 23,952 cr | 27.09% | 21.50% | 28.65% | |
| Axis Strategic Bond Fund Direct Growth Option | Debt | 28.9977 | 0.45% | 1,923 cr | 9.43% | 7.09% | 7.75% | |
| Axis Treasury Advantage Fund Direct Plan Growth Option | Debt | 3088.028 | 0.35% | 6,301 cr | 8.05% | 6.57% | 6.32% | |
| Axis Ultra Short Duration Fund Direct Growth | Debt | 14.9098 | 0.36% | 6,236 cr | 7.89% | 6.69% | 6.11% | |
| Axis Value Fund Direct Growth | Equity | 18.91 | 0.95% | 749 cr | 40.28% | 22.69% | — |