Axis Mutual Fund

News About Axis Bank Mutual Fund

• Reliance Quant Fund (Retail), Edelweiss Large Cap Fund, among mutual funds with the lowest expense ratios

  The percentage of investment that is charged by the mutual fund house to manage a mutual fund scheme is known as the expense ratio of a fund. A low expense ratio fares well for investors because over a long-term even a small fee can get compounded and make a huge difference in the returns. The top 10 funds with the lowest expense ratio are Reliance Quant Fund (retail Plan), Edelweiss Large Cap Fund (regular), HDFC Long Term Advantage Fund, Quantum Long Term Equity Value Fund (regular), Quantum Tax-Saving (regular), HDFC Taxsaver Fund, ICICI Prudential Long Term Equity (tax saving), Axis Long Term Equity Fund, Reliance Tax Saver (ELSS) Fund, and SBI Magnum Taxgain Scheme.

  

  23 May 2018

• Rs.5,000 Crore Raised by Arm of Tata Steel for Debt Repayment

  A unit of Tata Steel, Bamnipal Steel, has raised around Rs.5,000 crore through the sale of commercial paper in an effort to immediately repay its debt. Top mutual funds in the country, including Kotak Mutual Fund, Birla Sun Life Mutual Fund, ICICI Prudential Mutual Fund and Reliance Mutual Fund along with Citibank have made subscription to the commercial papers which offered around 8.5% with a maturity period of three months. The special-purpose vehicle was established to help in the acquisition of Bhushan Steel, and the bid from Tata Steel was approved by the National Company Law Tribunal on the 15th of May.

  

  22 May 2018

• ICICI Bank, TCS, Avenue Supermarts top mutual funds stock sales for April

  With the market rising to 6.65% in April, the top place in stocks in mutual fund sales has been occupied by software firm Tata Consultancy Services (TCS), private lending house ICICI Bank, and retail chain Avenue Supermarts Ltd. As per the data released by the Securities and Exchange Board of India (SEBI), an amount of Rs.9,435 crores was invested by mutual funds in Indian equities in the month of April 2018. TCS was the frontrunner with the most number of stocks sold and gaining entry into the $100 billion market capitalisation league. ICICI Bank, on the other hand, sold shares worth Rs.843 crore while Avenue Supermarts sold stocks worth Rs.316 crore.

  

  21 May 2018

• Investment in SIPs Slow Down Due To Shaky Market

  SIPs (Systematic Investment Plans) have been recorded a downturn in recent times due to shaky stock markets that have negatively affected retail investors. Up until recently, retail investors were investing significantly in equity mutual funds via monthly instalments. Net inflows into equity mutual funds recorded a decline by Rs.420 crore in the month of April, which was the biggest recorded fall over the course of the previous two years. The significance of the decline was amplified due to the fact that the inflows recorded in March stood at a whopping Rs.7,110 crore. According to wealth managers, the recent decline in stock markets was one of the reasons why investors were urged to stop SIPs for a short while.

  

  18 May 2018

• Sensex and Nifty ended flat due to the Karnataka election outcome

  On the eve of the Karnataka election result which was declared on Tuesday 15 May, the share market had ended flat with no movement. While the S&P BSE Sensex ended at 35,557 up 21 points, the broad-market Nifty50 index settled at 10,806, up 0 points. In the intra-day trade on Monday 14 May, the mid and small company shares came under pressure while 68 stocks hit their individual low in 52 weeks on the BSE.

  While Oriental Bank, UCO Bank, Dena Bank, IFCI, and IDFC Bank are the bank and financial sector indices to hit 52-week low, Atlanta, Patel Engineering, Hindustan Construction Company (HCC), Housing Development and Infrastructure (HDIL), Anant Raj Industries, and Punj Llyod are the ones from the construction and infrastructure sector. Hindustan Unilever, Abbott India, Britannia Industries, Dr.Lal PathLabs, Hindalco, Lupin, Tata Steel, ITC, Bajaj Auto, and Bajaj Finance are expected to declare their earnings of the 2018 March quarter by this week.

  

  16 May 2018

• MD of Axis Mutual Fund says a reclassified fund can assist you in attaining your financial goal

  The CEO and MD of Axis Mutual Fund, Chandresh Kumar Nigam, recently said that investors have to assess how the fundamental attributes of different funds have been altered in order to emphasise the maturity aspect of various financial portfolios for debt funds or large cap or mid-cap for equity funds. This should be done particularly to align with the definitions designed by the SEBI for several scheme categories. In such circumstances, the MD says that investors should evaluate if the change will result in substantial alterations. If it does, then the investor will have to ideally exit the fund and re-allot the money in some other fund.

  

  30 April 2018

• Mutual funds asset base from small towns increases by 38% in 2017-18

  The mutual funds asset base from small towns has increased dramatically to Rs.4.27 lakh crore in FY18 when compared to the previous fiscal. The hike was pegged at 38%, and this was primarily due to investor awareness campaigns organised by the industry and participation from investors in the retail domain.

  The COO at Groww, an online mutual fund investment platform, stated that the improvement in the asset base can be linked to increased awareness about the industry. It also boils down to the aggressive role that mutual fund distribution platforms have played, retail investor participation, and the impact of demonetisation. Investors have gradually been shifting from traditional investments avenues such as gold and real estate to financial asset class.

  Presently, small towns (also referred to as B15 towns) account for 19% of the total assets of the mutual fund industry. 40.7% of the assets were invested directly and a significant part of the direct investments were in non-equity schemes.

  

  26 April 2018

• 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