• Axis Mutual Fund

    About Axis Bank

    Axis Bank, formerly known as Unit Trust of India, is one of the most prominent private banks in the country. The bank offers financial services and products in segments of retail banking, commercial banking, asset management, agriculture banking and corporate banking. Axis Bank is headquartered in Mumbai and has an international presence in countries like UAE, UK, Sri Lanka, China, and Hong-Kong.

    Axis mutual funds were launched in the year 2009 with an accomplished suite of 50 mutual fund schemes. Today, Axis mutual funds are available to customers in over 90 cities and the company has a customer base of over 20 lakh active investors.

    Axis Mutual Fund is a professionally managed pool of savings of a number of investors who share a common financial aim. This collated money is then invested in shares, debentures, and securities. The income thus earned is shared by investors in the ratio of the number of share units held by them.

    Types of Axis Mutual Funds

    Axis Mutual Fund provides 8 different types of mutual funds. The types of funds offered by the company include:

    • Equity funds: Equity mutual funds invest their money in shares. This money can be invested either in high-growth stocks or value stocks.
    • Liquid funds: Liquid mutual funds refer to debt mutual funds that invest one’s funds in market instruments for a short period such as government securities, treasury bills, and call money that come with a very low amount of risk. This type of funds can invest in financial instruments with a maturity of only up to 91 days.
    • Arbitrage funds: These funds influence and manage the price differential that is present in the cash and derivative market in order to offer maximum returns to the investor.
    • Debt funds: These mutual funds invest primarily in government securities and corporate bonds. This type of financial instruments earns profits by trading these securities and via interest on its investments. This is the least risky of all mutual fund schemes.
    • Gilt funds: Gilt funds refer to debt mutual fund schemes that invest in bonds that are issued by the government and in securities that have different maturities. They prefer low-risk debt of high quality.
    • ELSS funds: Equity Linked Security Scheme (ELSS) funds are open-ended mutual funds that come with a lock-in period of up to 3 years.
    • Gold funds: Gold funds refer to mutual funds or exchange-traded funds that invest chiefly in companies that manufacture gold or gold bullion.
    • Hybrid or balance funds: This is a type of mutual funds in which there are both stocks and bonds, and the distribution of these funds can be fixed or vary with time. It has a blend of multiple asset classes. They can be balanced schemes or monthly income plans.

    Products Offered by Axis Mutual Funds

    Axis Mutual Fund offers various products under each category of mutual funds. The table given below will provide you with a view of the funds offered by the leading company.

    Axis Equity Funds

    Name of fund NAV (as on 29 November 2017)
    Axis Multicap Fund – Regular (G) Plan 10.01
    Axis Long Term Equity Fund – Regular (G) Plan 40.4976
    Axis Dynamic Equity Fund – Regular (G) Plan 10.3
    Axis Equity Fund – Regular (G) Plan 24.71
    Axis Equity Saver Fund – Regular (G) Plan 11.7
    Axis Focused 25 Fund – Regular (G) 25.5800
    Axis Nifty Exchange-Traded Fund (ETF) 1,040.735
    Axis Mid Cap Fund – Regular (G) 33.2300

    Axis Liquid Funds

    Name of fund NAV (as on 29 November 2017)
    Axis Liquid Fund – Regular (G) 1876.8584

    Axis Arbitrage Funds

    Name of fund NAV (as on 29 November 2017)
    Axis Enhanced Arbitrage Fund – Regular (G) 12.3658

    Axis Debt Funds

    Name of fund NAV (as on 29 November 2017)
    Axis Dynamic Bond Fund – Regular (G) Plan 17.4446
    Axis Regular Savings Fund – Regular (G) Plan 40.4976
    Axis Fixed Income Opportunities Fund – Regular (G) Plan 13.4266
    Axis Short Term Fund – Regular (G) Plan 18.5528
    Axis Banking and PSU Debt Fund – Regular (G) Plan 1568.4083
    Axis Treasury Advantage Fund – Regular (G) 1893.8169
    Axis Corporate Debt Opportunities Fund – Regular (G) 10.2595

    Axis Gilt Funds

    Name of fund NAV (as on 29 November 2017)
    Axis Constant Maturity 10-Year Fund – Regular (G) 15.0824

    Axis Equity Linked Savings Scheme Funds

    Name of fund NAV (as on 29 November 2017)
    Axis Long Term Equity Fund – Regular (G) Plan 40.4976

    Axis Gold Funds

    Name of fund NAV (as on 29 November 2017)
    Axis Gold Exchange-Traded Fund (ETF) – Regular (G) Plan 2631.2671
    Axis Gold Fund – Regular (G) Plan 9.2056

    Axis Hybrid or Balance Funds

    Name of fund NAV (as on 29 November 2017)
    Axis Triple Advantage Fund – Regular (G) Plan 18.1192
    Axis Children’s Gift Fund - No Lock-In – Regular (G) Plan 12.4229
    Axis Income Saver – Regular (G) Plan 18.3415
    Axis Children’s Gift Fund - No Lock-In – Regular (G) Plan 12.4229

    Why Choose Axis Mutual Funds?

    Axis mutual funds are a great financial instrument to grow your money at a quick pace. The schemes are modelled in a way to minimise risk and maximise gain. Following are some of the most prominent advantages of investing in a mutual fund scheme by Axis Bank.

    • A strong advisory team: Axis Bank has a research-driven recommendation model that guides you to make the right choice of funds based on both qualitative and quantitative analyses.
    • SEBI-regulated financial product: Axis mutual funds are an aptly regulated financial product with the SEBI monitoring all activities pertaining to these funds.
    • The option of choosing a dedicated relationship manager: You can choose to avail the services of a dedicated relationship manager who will guide and plan your investments according to your financial goal.
    • Online one-page portfolio snapshot: Axis mutual funds offer an online snapshot report across various investment products to its customers. Viewing this report via internet banking can give you a lot of insight about your fund portfolio.
    • Choice of schemes: A suite of 73 mutual fund schemes that ensure diversification of your portfolio along with mitigation of risk as well as growth of capital.
    • Tax benefits: Dividend on mutual fund schemes for which equities form more than 65%, is completely tax-free. The investor does not have to pay any income tax on mutual fund schemes.

    News About Axis Bank Mutual Fund

    • Axis Long Term Equity is a consistent outperformer

      Axis Long Term Equity is an ELSS fund and has topped the return charts for the past 6 years. In the last four years, the scheme’s one year return has been higher than its benchmark. It has raced the BSE 200 and also is ahead of its peers that is Franklin India Tax Shield, HDFC Tax Saver and ICICI Prudential Long Term Equity. It’s three and five years returns have been higher than BSE 200 by over 14 percent. The ELSS scheme has a three year lock in period and the investment can be stunned over a period of time.

      22 September 2015

    • Amtek Auto - JPMorgan’s loss is Axis Bank’s gain

      JPMorgan Mutual Fund’s purchase of Amtek Auto debt papers was made in the secondary market. Evidently these bonds were offloaded by Axis Bank. Retrospectively, Axis Bank dodged a bullet by liquidating their holdings in the troubled auto component manufacturer. JPMorgan MF on the other hand picked up these bonds, an exposure worth Rs.200 crores, through two of its schemes, the redemption of which has been restricted for investors in those schemes.

      This has raised serious doubts over the fund management processes. SEBI has already called for the books of the fund house. Investments were made in Amtek Auto in the month of January, 2015 through the JPMorgan India Treasury Fund and later a part of the allocation was shifted to the JPMorgan Short Term Income Fund.

      10 September 2015

    • Axis MF: Fixed income instruments to yield favorable returns over a 1 year term

      R Sivakumar of Axis Mutual Fund, in an interview with CNBC-TV18, indicated that fixed income would be a preferable option for returns over a one year horizon. He based his view on global economic outlooks and equity market performances, current and expected.

      He noted, however, that investors should not have lopsided exposure to fixed income products and the ideal way to maximise returns would be to have a balanced approach. This can be successfully achieved by investing in hybrid funds the aim of which is to create an optimum balance between risk and return by investing in both equity and debt.

      10 September 2015

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    GST rate of 18% applicable for all financial services effective July 1, 2017.

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