what is Axis Mutual Fund
Axis Mutual Fund is one of the prominent asset management companies (AMCs) in India. It is a subsidiary of Axis Bank, one of the leading private sector banks in India. Axis Mutual Fund offers a wide range of mutual fund schemes across various categories to cater to the investment needs and objectives of investors. The fund house is known for its professional fund management, transparent practices, and investor-focused approach.
Key points about Axis Mutual Fund:
1. Diverse Range of Schemes: Axis Mutual Fund offers a diverse range of mutual fund schemes, including equity funds, debt funds, hybrid funds, and more. These schemes are designed to meet the varying risk profiles and investment horizons of investors.
2. Strong Fund Management Team: The AMC is backed by a team of experienced and skilled fund managers who are responsible for making investment decisions and managing the fund portfolios.
3. Transparency and Investor Services: Axis Mutual Fund emphasizes transparency in its operations and offers various investor services, such as online account access, redemption facilities, and support through various channels.
4. Innovation: The fund house has been known for introducing innovative fund offerings and investment strategies to address the evolving needs of investors.
5. Research and Analysis: Axis Mutual Fund conducts research and analysis to make informed investment decisions. They also share market insights and analysis with their investors.
6. Investor Education: The AMC is committed to investor education and provides resources to help investors make informed investment choices.
Please note that the performance and offerings of Axis Mutual Fund may change over time, and it’s essential to review the latest information on their official website or consult with a financial advisor for the most up-to-date details on their schemes and services.
| AXIS EQUITY MUTUAL FUNDS | |||
Fund Name | Fund Size | 5 Yrs Return |
|
| Axis Small Cap Fund Direct-Growth | ₹16175 Crs | 28.04% p.a | Know More |
| Axis Growth Opportunities Fund Direct – Growth | ₹9779 Crs | 19.63%p.a | Know More |
| Axis Midcap Direct Plan-Growth | ₹22656 Crs | 19.3%p.a | Know More |
| Invest In Axis Flexi Cap Fund Direct – Growth | ₹10972 Crs | 12.43%p.a | Know More |
| Axis Bluechip Fund Direct Plan-Growth | ₹31885 Crs | 11.03%p.a | Know More |
| AXIS DEBT MUTUAL FUNDS | |||
| Axis Credit Risk Fund Direct-Growth | ₹519Crs | 6.56%p.a | Know More |
| Axis Strategic Bond Fund Direct –Growth | ₹1917Crs | 6.17%p.a | Know More |
| Axis Corporate Debt Fund Direct – Growth | ₹4948Crs | 5.78%p.a | Know More |
Axis Short Term Direct Fund-Growth | ₹7367Crs | 5.67%p.a | Know More |
| Axis Dynamic Bond Direct Fund -Growth | ₹1758 Crs | 4.99%p.a | Know More |
| AXIS HYBRID MUTUAL FUNDS | |||
| Axis Gold Direct Plan-Growth | ₹328Crs | 11.47%p.a | Know More |
| Axis Multi Asset Allocation Direct Plan –Growth | ₹1320 Crs | 11.06%p.a | Know More |
| Axis Equity Hybrid Fund Direct – Growth | ₹1673Crs | 10.84%p.a | Know More |
| Axis Balanced Advantage Fund Direct – Growth | ₹1965Crs | 10.32%p.a | Know More |
| Axis Equity Saver Fund Direct-Growth | 882Crs | 9.67%p.a | Know More |
| AXIS TAX SAVING FUND | |||
| Axis Long Term Equity Fund | ₹31887Crs | 10.94%p.a | Know More |
How to invest in axis mutual funds
To invest in Axis Mutual Funds, you can follow these steps:
1. Choose Your Investment Mode:
Axis Mutual Fund offers multiple modes of investment, including online and offline options. Here’s how you can invest through both modes:
For Online Investment:
2. Create an Online Account:
– Visit the official website of Axis Mutual Fund: [Axis Mutual Fund](https://www.axismf.com/).
– Register and create an online account by providing your personal and financial information.
3. KYC (Know Your Customer):
– Complete your KYC (Know Your Customer) process by submitting the required documents. You may need to do this through the Central KYC Registration Agency (CRA) or the AMC’s website.
4. Select the Fund:
– Log in to your online account.
– Browse through the list of Axis Mutual Fund schemes and choose the one(s) that align with your investment goals.
5. Fill Out the Application Form:
– Fill out the online application form, providing the necessary details, including the investment amount, SIP (Systematic Investment Plan) details (if applicable), and bank details for transactions.
6. Review and Confirm:
– Review the application form for accuracy and completeness.
– Confirm your investment by making the payment online through net banking, debit card, or other electronic payment methods.
For Offline Investment:
2. Visit a Branch:
– Locate the nearest Axis Bank branch or Axis Mutual Fund office.
– Collect the application form and scheme brochure for the fund you wish to invest in.
3. Fill Out the Form:
– Fill out the paper application form with the required details.
4. Submit the Form:
– Submit the completed application form along with any supporting documents at the branch or office.
5. Make the Payment:
– Make the payment through a cheque or demand draft as per the instructions provided in the form.
6. Complete KYC: Ensure that your KYC process is complete, as it is a mandatory requirement for mutual fund investments.
7. Check Application Status:
You can check the status of your application online or by contacting the Axis Mutual Fund customer service team.
Keep in mind that the specific process may vary, and you should always check the latest instructions on the Axis Mutual Fund website or contact them directly for the most up-to-date information. It’s also advisable to consult with a financial advisor before making investment decisions to ensure that your investments align with your financial goals and risk tolerance.
Table
Documents required to invest in Axis Mutual Fund
To invest in Axis Mutual Fund, you will typically need to complete the KYC (Know Your Customer) process and provide certain documents as part of your investment application. Here are the documents required to invest in Axis Mutual Fund:
1. KYC Documents:
– Permanent Account Number (PAN) card is mandatory.
– Proof of identity (POI): Any one of the following – Aadhaar card, passport, voter ID, or driver’s license.
– Proof of address (POA): Any one of the following – Aadhaar card, passport, voter ID, or driver’s license.
2. Passport-Size Photographs:
– You may need to provide recent passport-size photographs as part of the application.
3. Bank Account Details:
– You will need to provide your bank account details, including the bank account number and IFSC code, for transactions related to your investments.
4. Completed Application Form:
– You should fill out the mutual fund application form with your personal details, investment amount, and other relevant information.
5. Additional Documents (if applicable):
– In some cases, such as for specific investment options or under special circumstances, you may be required to provide additional documents. This could include proof of income for certain schemes.
It’s important to complete the KYC process before investing in Axis Mutual Fund or any other mutual fund in India. The KYC process is a one-time requirement that helps verify the identity and address of the investor to prevent fraudulent activities and money laundering. You can complete the KYC process through the Central KYC Registration Agency (CRA) or through the Axis Mutual Fund website.
Always double-check the specific documentation requirements by visiting the official Axis Mutual Fund website or contacting their customer service team, as requirements and processes may change over time. It’s advisable to consult with a financial advisor or the fund house directly for the most up-to-date information on the documentation needed for your investment.
How to take a loan on axis mutual fund
Axis Mutual Fund, like most mutual fund companies in India, does not offer direct loans against your mutual fund investments. However, you can use your mutual fund units as collateral to obtain a loan from a bank or financial institution through a process known as a “Loan Against Mutual Funds” (LAMF) or “Loan Against Units.”
Here are the general steps to take a loan against your Axis Mutual Fund investments:
1. Select a Lending Institution:
– Choose a bank or financial institution that offers loans against mutual fund units. Not all banks and lending institutions provide this service, so you may need to research and contact a few to find the best terms and conditions.
2. Check Eligibility:
– The lending institution will assess your eligibility based on factors such as the value of your mutual fund units, the type of mutual funds, and their own lending criteria.
3. Complete Loan Application:
– Fill out the loan application form provided by the lending institution. You may need to provide details about your mutual fund investments, including the fund names, folio numbers, and the number of units to be pledged.
4. Pledge Mutual Fund Units:
– Complete the pledge or hypothecation process, which involves marking a lien on your mutual fund units in favor of the lending institution. This ensures that the units cannot be sold or redeemed without the lender’s consent.
5. Loan Approval:
– Once your application is processed and approved, the lending institution will disburse the loan amount to your bank account.
6. Repayment:
– Repay the loan along with interest and any other applicable charges as per the agreed-upon terms.
Please note that the terms and conditions, including interest rates, loan-to-value ratios, and the types of mutual funds accepted as collateral, may vary among lending institutions. It’s essential to carefully review the terms and compare offers from different lenders to find the most suitable loan option.
Additionally, keep in mind that while taking a loan against mutual funds can provide access to funds for various purposes, it also carries certain risks, including the potential for loss of your investments if you are unable to repay the loan as agreed. Always consult with a financial advisor and carefully assess the terms of the loan before proceeding.
How to invest in schemes of axis mutual fund AMC?
To invest in schemes offered by Axis Mutual Fund Asset Management Company (AMC), you can follow these steps:
1. Choose Your Investment Mode:
Axis Mutual Fund offers multiple modes of investment, including online and offline options. Here’s how you can invest through both modes:
For Online Investment:
2. Create an Online Account:
– Visit the official website of Axis Mutual Fund: [Axis Mutual Fund](https://www.axismf.com/).
– Register and create an online account by providing your personal and financial information.
3. KYC (Know Your Customer):
– Complete your KYC (Know Your Customer) process by submitting the required documents. You may need to do this through the Central KYC Registration Agency (CRA) or the AMC’s website.
4. Select the Fund:
– Log in to your online account.
– Browse through the list of Axis Mutual Fund schemes and choose the one(s) that align with your investment goals.
5. Fill Out the Application Form:
– Fill out the online application form, providing the necessary details, including the investment amount, SIP (Systematic Investment Plan) details (if applicable), and bank details for transactions.
6. Review and Confirm:
– Review the application form for accuracy and completeness.
– Confirm your investment by making the payment online through net banking, debit card, or other electronic payment methods.
For Offline Investment:
2. Visit a Branch:
– Locate the nearest Axis Bank branch or Axis Mutual Fund office.
– Collect the application form and scheme brochure for the fund you wish to invest in.
3. Fill Out the Form:
– Fill out the paper application form with the required details.
4. Submit the Form:
– Submit the completed application form along with any supporting documents at the branch or office.
5. Make the Payment:
– Make the payment through a cheque or demand draft as per the instructions provided in the form.
6. Complete KYC: Ensure that your KYC process is complete, as it is a mandatory requirement for mutual fund investments.
7. Check Application Status:
You can check the status of your application online or by contacting the Axis Mutual Fund customer service team.
Keep in mind that the specific process may vary, and you should always check the latest instructions on the Axis Mutual Fund website or contact them directly for the most up-to-date information. It’s also advisable to consult with a financial advisor before making investment decisions to ensure that your investments align with your financial goals and risk tolerance.
Top axis Fund Managers
Axis Mutual Fund has several experienced fund managers who manage various schemes. While the performance of fund managers may vary over time, here are a few top fund managers associated with Axis Mutual Fund as of my last knowledge update in September 2021:
1. Jinesh Gopani:
– Jinesh Gopani is the Head of Equities at Axis AMC. He manages a significant portion of the equity assets and has been instrumental in the success of several equity schemes.
2. Chandresh Nigam:
– Chandresh Nigam is the Managing Director and CEO of Axis Mutual Fund. He has extensive experience in fund management and is responsible for the overall strategic direction of the AMC.
3. R. Sivakumar:
– R. Sivakumar is the Head of Fixed Income at Axis AMC. He oversees the management of debt and hybrid schemes, contributing to the overall performance of the debt portfolio.
4. Devang Shah:
– Devang Shah is a Fund Manager at Axis AMC. He manages equity-oriented funds and plays a key role in the equity investment strategies.
5. Anupam Tiwari:
– Anupam Tiwari is another key figure in Axis AMC’s equity team. He manages various equity schemes and has experience in stock selection and portfolio management.
Please note that the performance of fund managers and the schemes they manage can change over time. Therefore, it’s essential to check the latest information and performance data on the Axis Mutual Fund website or through other reliable financial sources to make informed investment decisions. Additionally, consult with a financial advisor to determine the most suitable funds for your investment objectives.
frequently asked questions (FAQs) about Axis Mutual Fund:
Are Axis Mutual Fund’s schemes safe to invest in?
Axis Mutual Fund, like other mutual fund companies in India, offers a range of mutual fund schemes with different risk profiles and investment objectives. The safety of your investment in Axis Mutual Fund schemes depends on various factors:
1. Diversification: The safety of your investment in a mutual fund scheme depends on how well the fund is diversified. Diversification helps spread risk by investing in a mix of assets, such as stocks, bonds, and other securities. The level of diversification can vary between different schemes.
2. Risk Profile: Each mutual fund scheme has a specific risk profile. Equity funds tend to be riskier than debt funds. Choose a fund that aligns with your risk tolerance and investment objectives.
3. Market Conditions: Mutual fund investments are subject to market fluctuations. The performance of equity funds can be influenced by stock market conditions, while debt funds may be affected by interest rate changes.
4. Fund Manager Expertise: The expertise of the fund manager plays a crucial role in the scheme’s performance. Experienced and skilled fund managers are more likely to make sound investment decisions.
5. Past Performance: While past performance is not indicative of future results, it can provide insights into how a fund has historically performed. However, it’s essential to consider long-term performance rather than short-term fluctuations.
6. Expense Ratio: The expense ratio, which represents the annual cost of managing the fund, can impact your returns. Lower expense ratios are generally more favorable for investors.
7. Regulatory Oversight: Mutual funds in India are regulated by the Securities and Exchange Board of India (SEBI) to protect investors’ interests.
8. Credit Quality (for debt funds): If you’re investing in debt funds, it’s important to assess the credit quality of the securities in the portfolio. Higher-rated securities are generally considered less risky.
It’s important to understand that mutual fund investments are subject to market risk, and there are no guarantees of returns. The level of risk can vary based on the type of fund you choose. Before investing in any mutual fund scheme, it’s advisable to:
– Assess your own risk tolerance and investment goals.
– Diversify your investments across different asset classes.
– Review the scheme’s offer documents, including the Scheme Information Document (SID) and Key Information Memorandum (KIM).
– Consider consulting with a financial advisor who can provide personalized investment advice.
The safety of your investment ultimately depends on the alignment of the fund’s characteristics with your financial goals and risk tolerance.
Which Axis Mutual Fund’s scheme is best for the short term?
The choice of the best Axis Mutual Fund scheme for the short term depends on your specific financial goals, risk tolerance, and the duration of your investment. Axis Mutual Fund offers a variety of short-term investment options, including debt and hybrid funds. Here are a few Axis Mutual Fund schemes that are suitable for short-term investments:
1. Axis Liquid Fund: This is a low-risk debt fund that primarily invests in money market instruments and short-term debt securities. It is a suitable option for parking your money for the short term while providing liquidity and stability.
2. Axis Short Term Fund: This fund primarily invests in a mix of debt and money market instruments with a short to medium-term maturity profile. It is designed for investors seeking relatively higher returns than traditional savings accounts or fixed deposits while keeping the investment horizon short.
3. Axis Banking & PSU Debt Fund: This debt fund focuses on investments in debt and money market instruments issued by banks and public sector undertakings. It is a lower-risk option suitable for the short term.
4. Axis Equity Saver Fund: If you are looking for a balanced fund that combines equity and debt investments for the short term, this fund can be a suitable option. It provides the potential for higher returns than pure debt funds while aiming to manage risk.
5. Axis Dynamic Bond Fund: This dynamic bond fund offers a blend of various debt securities with different maturities. It is designed to adjust its portfolio based on changing market conditions and is suitable for investors with a short- to medium-term investment horizon.
Please note that the choice of the best short-term fund depends on your specific financial goals. If you need to access your investment within a few months to a couple of years, debt or hybrid funds are generally more appropriate due to their lower risk profile. However, it’s essential to review the scheme’s offer documents and consult with a financial advisor to ensure that the chosen fund aligns with your investment horizon and risk tolerance. Keep in mind that mutual fund investments are subject to market risks, and past performance is not indicative of future returns.
Are Axis Mutual Fund’s schemes taxation-free?
Axis Mutual Fund’s schemes are not tax-free; they are subject to taxation based on the type of fund and the holding period. The taxation of mutual fund schemes in India is subject to the guidelines provided by the Income Tax Act, and it varies depending on the nature of the fund (equity or debt) and the holding period. Here’s an overview of the tax implications for Axis Mutual Fund schemes:
1. Equity-Oriented Funds:
– Equity funds, including equity mutual funds and hybrid funds with more than 65% equity allocation, are considered equity-oriented funds.
– For long-term capital gains (holding period of more than one year), gains up to Rs. 1 lakh are tax-free, and gains exceeding Rs. 1 lakh are taxed at a rate of 10%.
– For short-term capital gains (holding period of one year or less), gains are taxed at a rate of 15%.
2. Debt-Oriented Funds:
– Debt funds, including debt mutual funds and hybrid funds with more than 65% debt allocation, are considered debt-oriented funds.
– For long-term capital gains (holding period of more than three years), gains are taxed at a rate of 20% with indexation benefits.
– For short-term capital gains (holding period of three years or less), gains are added to the investor’s taxable income and taxed as per their applicable income tax slab.
3. Tax-Saving Funds (ELSS):
– Equity-Linked Savings Schemes (ELSS), which are tax-saving mutual funds, offer tax benefits under Section 80C of the Income Tax Act. Investments in ELSS can be claimed as deductions up to Rs. 1.5 lakh in a financial year.
4. Dividend Distribution Tax (DDT):
– Mutual funds pay a Dividend Distribution Tax (DDT) on the dividends they distribute. Investors receive tax-free dividends, but the DDT is deducted at the source before distribution.
It’s important to note that the tax rules and rates may change over time due to government policies and amendments to tax laws. Additionally, the above tax implications are based on the information available as of my last knowledge update in September 2021. To get the most current and accurate tax information regarding Axis Mutual Fund schemes, consult with a tax advisor or refer to the Axis Mutual Fund website and official tax regulations.
How can I cancel the axis mutual fund ongoing SIP?
To cancel an ongoing Systematic Investment Plan (SIP) in Axis Mutual Fund, you can follow these steps:
Online Cancellation:
1. Log in to your Axis Mutual Fund online account on their official website.
2. Navigate to the “SIP” or “Investments” section of your account.
3. Locate the SIP you wish to cancel and select the option to stop or cancel the SIP.
4. Follow the on-screen instructions to confirm and cancel the SIP.
Offline Cancellation:
If you are unable to cancel the SIP online or prefer an offline approach, you can contact Axis Mutual Fund directly. Here’s how:
1. Visit the nearest Axis Mutual Fund branch or Investor Service Center.
2. Fill out the SIP cancellation form or submit a written request to stop the SIP.
3. Provide your account details and the SIP information, such as the scheme name and folio number.
4. Verify your identity with appropriate KYC documents.
5. The fund house will process your request, and the SIP will be canceled.
Please note that the SIP cancellation process may take a few business days to complete. It’s essential to ensure that no further SIP payments are deducted from your bank account after the cancellation request has been initiated.
Additionally, it’s advisable to confirm the specific process and requirements for SIP cancellation with Axis Mutual Fund, as procedures may change over time. Keep any relevant documents and communication related to the cancellation for your records. If you have any doubts or concerns, consider consulting with a financial advisor or contacting Axis Mutual Fund’s customer service for guidance.
How can I get the Axis Mutual Fund statement?
To obtain your Axis Mutual Fund statement, you can choose from several methods, both online and offline. Here’s how you can access your Axis Mutual Fund statement:
Online Method:
1. Through the Axis Mutual Fund Website:
– Visit the official Axis Mutual Fund website (https://www.axismf.com/).
– Log in to your online account using your username and password.
– Once logged in, you can access and download your account statement from your dashboard.
2. Through the Registrar and Transfer Agent (CAMS or Karvy):
– Axis Mutual Fund’s Registrar and Transfer Agents, such as Computer Age Management Services (CAMS) and Karvy, also provide online access to your mutual fund statements.
– Visit the CAMS or Karvy website and log in to your account using your registered details. You can find your Axis Mutual Fund statements there.
3. Through the Axis Mutual Fund Mobile App:
– If Axis Mutual Fund offers a mobile app, you can download the app and log in to access your statements on your mobile device.
Offline Method:
1. Visit an Axis Mutual Fund Branch or Investor Service Center:
– You can visit the nearest Axis Mutual Fund branch or Investor Service Center in person.
– Submit a written request for your account statement along with your account details.
2. Contact Customer Service:
– You can contact Axis Mutual Fund’s customer service through their official website or customer service phone number.
– Request your account statement, and they will guide you on the process to obtain it.
Please note that you may be required to complete the KYC (Know Your Customer) process or provide additional verification when accessing your account statements, especially if you are using online methods.
Always ensure that the information you access is secure and reliable by using official Axis Mutual Fund sources and platforms. Additionally, it’s important to keep your account statements for your financial records and for tax purposes. If you have any doubts or face difficulties in obtaining your statements, consider consulting with a financial advisor or contacting Axis Mutual Fund’s customer service for assistance.
How can I increase the SIP amount of the Axis Mutual Fund’s scheme?
To increase the Systematic Investment Plan (SIP) amount in an Axis Mutual Fund scheme, you can follow these steps:
Online Method (through Axis Mutual Fund website or portal):
1. Log in to your Axis Mutual Fund online account on the official website (https://www.axismf.com/).
2. Navigate to the “SIP” or “Investments” section of your account.
3. Locate the SIP you want to increase and select the option to modify or increase the SIP amount.
4. Enter the new SIP amount you wish to invest.
5. Confirm the changes and follow the on-screen instructions to complete the process.
Offline Method:
If you prefer an offline approach, you can contact Axis Mutual Fund directly to increase your SIP amount. Here’s how:
1. Visit the nearest Axis Mutual Fund branch or Investor Service Center.
2. Request an SIP modification form or submit a written request to increase the SIP amount.
3. Provide your account details, the SIP information (such as the scheme name and folio number), and the new SIP amount.
4. Verify your identity with appropriate KYC documents.
5. The fund house will process your request, and the SIP amount will be increased accordingly.
Please note that increasing the SIP amount may take effect from the next scheduled SIP installment. Ensure that you have sufficient funds available in your linked bank account to cover the increased SIP amount.
It’s advisable to review the specific process and requirements for increasing SIP amounts with Axis Mutual Fund, as procedures may change over time. Keep any relevant documents and communication related to the SIP modification for your records. If you have any doubts or concerns, consider consulting with a financial advisor or contacting Axis Mutual Fund’s customer service for guidance.
How to take loan against Axis Mutual Funds?
Axis Mutual Fund offers a facility where you can take a loan against your mutual fund investments, provided that the particular scheme you are invested in allows for such loans. Here’s how you can take a loan against your Axis Mutual Fund investments:
1. Check Eligibility: Confirm whether the Axis Mutual Fund scheme in which you have invested allows for loans. Not all schemes provide this option.
2. Loan Amount: Determine the maximum loan amount you are eligible for based on your mutual fund investment. The loan amount is typically a percentage of the current Net Asset Value (NAV) of the units you hold.
3. Loan Application: Visit the nearest Axis Mutual Fund branch or Investor Service Center. Inform the staff that you wish to avail a loan against your mutual fund investment.
4. Documentation: You will be required to complete a loan application form. You may also need to provide Know Your Customer (KYC) documents, along with your mutual fund account details.
5. Loan Approval: The fund house will assess your eligibility and approve the loan request. This process typically takes a few business days.
6. Loan Disbursement: Once approved, the loan amount will be disbursed to your bank account.
7. Repayment: Axis Mutual Fund will charge an interest rate on the loan amount. Repayment is usually made through the redemption of your mutual fund units. The fund house will sell a portion of your units to cover the loan amount and interest. The remaining units will remain in your mutual fund account.
It’s important to consider that taking a loan against your mutual fund units can affect the growth potential of your investment. When units are redeemed to repay the loan, the remaining investment may not benefit from the same market conditions as before. Additionally, the terms and conditions of loans against mutual fund units can vary between different schemes and fund houses, so it’s crucial to review the specific terms of the scheme you are invested in.
Before availing a loan against your Axis Mutual Fund investment, it’s advisable to consult with the fund house, review the scheme’s offer document, and assess the financial implications. You may also want to consult with a financial advisor for personalized advice.