Axis Mutual Fund

Axis mutual funds came into existence in the year 2009 and across the years have extended profoundly, having a customer base in over 90 cities. The company attributes its success on the basis of 3 founding principles such as long-term wealth creation, outside-in customer viewpoint and long term relationship.

Axis mutual funds are managed by a group of professionals where investors collectively invest their savings towards a common financial aim. Their accumulated money is then invested into shares, debentures and securities. The income thus generated is shared by investors in ratio of the number of share units possessed by them.

Features of Axis Mutual Fund

  • Consists of 50 schemes throughout an all rounded product suite

  • Having an active investor accounts of over ₹ 20 lakhs

  • Presence in over 90 cities.

Minimum Investment and Other Criteria

Minimum Investment

₹ 5,000 & in multiples of ₹ 1 thereafter

Minimum Application Amount

Purchase:₹ 5000/- or any amount thereafter.

Additional Purchase:₹100/- or any amount thereafter

Number of Schemes

50

Exchange Listed

BSE/NSE

Nature of Scheme

Open Ended

Close Ended

Quarterly Average Assets Under Management(as on 30th June 2016)

47179.23 crore

Entry Load

Nil

Exit Load

For Arbitrage Funds:0.25% if redeemed / switched out within 7 days from the date of allotment. (w.e.f. 15th May 2015)

For Debt Scheme:For 30% of investment : Nil

For remaining investment : 1.5% if redeemed/switched out within 1 year, 1% if redeemed/switched out after 1 year and upto 2 years, 0.5% if redeemed/switched out after 2 years and upto 3 years from the date of allotment (w.e.f. 14th December 2015)

No exit load for Axis Income Fund-Regular Growth Plan, Axis Short Term Fund -Regular Growth & Axis Treasury Advantage Fund-Regular Growth

For ELSS Scheme & Gilt Funds:No exit load

For Equity Schemes: 1% if redeemed/ switched out within 1 year from the date of allotment.

Equity Saver Fund & Equity Regular Growth: No exit load within 1 year but for remaining investment : 1% If redeemed / switched - out after 12 months from the date of allotment : NIL (w.e.f. 20th Aug 2015)

For Hybrid Funds: No exit load

For Gold Funds:No exit load on Gold ETF but 1% exit load is applicable on Axis Gold Fund-Regular Growth if units are redeemed /switched out within one year from date of allotment

For Liquid Funds: No exit load

Axis Mutual Fund Schemes

Let's take a look at the schemes of Axis Mutual Funds :

Arbitrage Funds -Axis Bank Mutual Fund offers the scheme Axis Enhanced Arbitrage Fund-Regular growth under this category. This scheme is appropriate for investors looking to park their short-term money. However, dividends are tax-free and there is no occurrence of long-term capital gains (LTCG) if investments are sold after one year.

Arbitrage funds are made up of equity, equity derivative and debt instruments. It is meant to leverage the price differential in the cash and derivatives market to augment returns. The returns are dependent on the volatility of the asset. These funds are hybrid in the sense that they have the provision of investing a substantial portion of the portfolio in debt markets.

Equity Funds - These funds compulsorily invest only in stocks which offer high returns over a long-term. Equity funds have a less tax liability as opposed to the debt funds.

Equity Funds of Axis Bank Mutual Funds are categorized into following schemes as under :

  • Axis Equity Fund-Regular Growth

  • Axis Long -Term Equity Fund-Regular Growth

  • Axis Equity Saver Fund -Regular Growth

  • Axis Midcap Fund -Regular Growth

  • Axis Focused 25 Fund-Regular Growth

Debt Funds -These funds invest in debt-market securities such as bonds, debentures, government securities and so on. These are considered to be safe instruments which provide fixed returns. Investors who are not willing to invest in a highly volatile equity market prefer debt funds for their investment.

Debt Funds of Axis Bank Mutual Funds are categorized into following schemes as under :

  • Axis Dynamic Bond Fund-Regular Growth

  • Axis Fixed Income Opportunities Fund-Regular Growth

  • Axis Income Fund-Regular Growth

  • Axis Short Term Fund-Regular Growth

  • Axis Treasury Advantage Fund-Regular Growth

ELSS Funds -Axis Bank Mutual Fund offers the scheme Axis Long Term Equity Fund-Regular growth under this category. It will help you save tax upto ₹ 46,350 per year by investing upto ₹ 1.5 lakhs per year. Equity Linked Saving Scheme is offered with a 3-year lock-in period where investments are entitled to Income Tax exemptions under section 80C of the Income Tax Act, 1961. The money gets invested in equity markets which are likely to fetch better returns over a period of time.

Gilt Funds -Gilt funds invest only in government securities. They are ideal for risk-averse and conservative investors who wish to safeguard their investment returns by parking their money in the shadow of secured government bonds.

This fund offers Axis Constant Maturity 10 year fund-regular growth under this category.

Gold Funds -These funds predominantly invest in stocks of companies involved in gold mining and production. They do not buy gold directly but invests in stocks of companies involved in gold mining and production across the world.

This fund offers two schemes under its category such as

  • Axis Gold ETF-Regular Growth

  • Axis Gold Fund -Regular Growth

Hybrid/Balance Fund -These funds invest in a combination of asset classes such as equity and debt. There are some hybrid funds where the equity proportion is higher than debt while in other schemes it is far different. The prime objective of hybrid funds is to systematically balance the risk and returns.

Hybrid/Balance Fund offers the following schemes under its category:

  • Axis Triple Advantage Fund- Regular Growth

  • Axis Income Saver-Regular Growth

  • Axis Children’s Gift Fund-Compulsory Lock-In-Regular Growth

  • Axis Children’s Gift Fund- No Lock-In-Regular Growth

Liquid Fund -These funds also termed as Cash funds or Ultra Short term bond funds invest in instruments of fixed short-term maturity. Their prime objective is to generate a high level of safety and earn a moderate return. Investors with surplus money can park it for a short period of time in such safe instruments instead of keeping the money idle in a bank savings account.

Axis Mutual fund offers Axis Liquid Fund-Regular Growth under its category.

Top performing Mutual Funds

Funds NAV(in ₹) 1-Year Return AUM (in ₹ Crores) Expense Ratio Entry Load

Axis Gold Fund -Growth

9.32

11.99%

67.34

1.00%

NIL

Axis Gold ETF Fund

2631.75

8.74%

204.30

1.00%

NIL

Axis Banking & PSU Debt Fund -Growth

1474.40

8.63%

599.46

0.35%

NIL

Axis Banking & PSU Debt Fund -Dividend Daily

1008.04

8.63%

599.46

0.35%

NIL

Axis Fixed Term Plan - Series 69 (3 years) - Regular Plan -Growth

12.35

8.43%

27.76

0.58%

NIL

Axis FTP Series 42 (552 Days) Regular -Growth

12.89

8.07%

15.85

0.52%

NIL

Axis Focused 25 Fund -Growth

18.45

7.58%

829.52

2.35%

NIL

Axis Focused 25 Fund -Dividend

15.51

7.58%

829.52

2.35%

NIL

Axis FTP Series 48 (1095 Days) Regular-Growth

12.84

7.40%

33.59

0.45%

NIL

Axis FTP Series 48 (1095 Days) Regular-Dividend

12.84

7.40%

33.59

0.45%

NIL

Note- Information sourced as on 6th January 2017

Subscription Process of Axis Mutual Fund Schemes

You can subscribe to the mutual fund schemes either online or through the distributor assigned by the AMC. But, it is better to opt for the online mode as it is a simple and transparent medium for investment in mutual funds. In a bid to buy scheme units of Axis Mutual Fund online, you have to go through four easy steps-

Step 1– First, you have to read the terms & conditions carefully and give your acceptance to the same taking into account the feasibility of the scheme for you. 

Step 2– The next step is filling out the application form.

Step 3- The following step is the registration process that you need to enter you e-mail ID (User ID) and set an alpha-numeric password with a minimum length of 8 characters.

Step 4– After you complete the registration, you can then login with the User ID and the password to buy the fund units by making payment through Internet Banking or credit card/debit card.

Axis Mutual Fund Common Application Form

So you have decided to go for Axis Mutual Fund for your investments. You need to fill up the common application form to get started with the process. The details in the application form would be as under:

1. Your full name with complete address.

2. Bank details are obligatory, and should be correctly mentioned.

3. If you are an NRI, write down your overseas address and proof to give is obligatory.

4. Attach any of the mandatory documents, such as proof of KYC compliance/acknowledgment wherever required.

5. Mention your accurate PAN details.

6. Specify the mode of holding your account i.e. Single/Joint/Either

7. In case of minor, following are the details to be attached as herewith:

  • Date of birth with proof

  • Name of the guardian(either the natural guardian or court-appointed legal guardian)

  • Proof of guardian's relationship with the minor

  • Signature of the guardian

8. Write down the name of your scheme in the application form, and choose the Plan i.e. Regular and Option as of Growth/Dividend(For dividend option both Re-investment or Payout options are available).

Axis Mutual Fund Login

In order to get started with Axis Bank Mutual Fund Investments for initiating transactions (like purchase, redeem or switch) for any Axis Mutual Fund scheme, you need to register yourself on Axis MF Easy Sell online platform with your login ID and password. Moreover, you can accept, authorize and modify the transactions through Axis MF Easy App.

The existing investors who have EasyInvest ID need not require to register themselves separately. The login will remain same on the basis of same ID and password. However, the same credentials will be followed on the App as well along with the website for smooth flow of transactions.

Investors will derive the following benefits by using their login account :

  • They can easily plan their life's goals.

  • They have the provision to check their latest NAVs and request for historical NAVs.

  • They can view their intuitive portfolio holdings.

  • They can request for account statement and capital gains statement

  • They can start their SIP investment and track the returns thereon.

  • They can buy, sell and switch units easily.

Axis Mutual Fund Transaction Slip

Axis Bank Mutual Fund Transaction slip lets you know about the number of transactions you have made towards your mutual fund investments. These transactions are issued by Axis Bank Mutual Fund through “Common Transaction Slip” which seek for additional purchase, redemption, and switch from mutual fund schemes. The mutual fund transaction slip contains the following details as :

  • Distributor Code/ ARN; Sub Broker Code; Registrar/Bank Sr. No; Date & Time of Receipt

  • Existing Investors- Folio No. & Name of Investors

  • Additional Purchase Request(Scheme Name/Plan/Amount/Mode of Payment(Cheque/Demand Draft))

  • Redemption Request(Scheme Name, Plan/Amount/Number of Units)

  • Switch Request(Existing Scheme Name/Amount/Number of Units)

  • Updation of Contact Details

  • Updation of Bank Details

  • Nomination Details

  • Acknowledgment Slip

  • KYC Updation (with a proof of either First Holder/Second Holder/Third Holder)

  • Systematic Investment Plan Details

  • Systematic Withdrawal Plan Details

  • Systematic Transfer Plan Details

  • Signatures of 1st, 2nd & 3rd applicants

Axis Mutual Fund Customer Care Number

If you're looking forward to invest in Axis Mutual Fund Schemes or want to resolve your queries and complaints. Call this toll-free-number 1800 221 322 / 1800 3000 3300 or email on the ID as displayed on the website of Axis Mutual Fund.

DISCLAIMER - Mutual Fund investments are subject to market risks. Please read all the scheme related documents carefully before investing.