To know about the of fund house is one of the important parameters for choosing a mutual fund scheme. Among those names, Axis Mutual Fund is one of the reputed names in Indian mutual fund industry.

Axis Mutual Fund launched its first scheme in October 2009 
Since then Axis Mutual fund has grown strongly in India and they attribute their success, thus far to 3 founding principles – Long-term wealth creation, Outside in (Customer) view and Long term relationship.

They provide various investing solutions to the clients across different states as per variegated investment goals.

Axis Mutual Fund Key Information

Mutual Fund Axis Mutual Fund
Setup Date 04th September 2009
Incorporation Date 13th January 2009
Sponsor Axis Bank Limited
Trustee Axis Mutual Fund Trustee Limited
Chair Person Mrs. Shikha Sharma
CEO / MD Mr. Chandresh Kumar Nigam
Assets Managed Rs. 77325.41 (31st March 2018)

Axis Mutual Fund: Company History

Axis Bank is a first private sector bank in India, they began their services in 1994.

The Axis Bank was also promoted by the Unit Trust of India, General Insurance Corporation of India and Life Insurance Corporation of India and other insurance companies. Axis Mutual Fund began their first scheme in the month of October 2009.

About Axis Bank Ltd.

Axis Bank is the third largest private sector bank in India. Axis Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses.

The Bank’s Registered Office is at Ahmedabad and its Central Office is located at Mumbai. The Bank has a large footprint of 2402 domestic branches (including extension counters) and 12,922 ATMs spread across the country as on 31st March 2014. This is one of the largest ATM networks in the country.

The Bank has strengths in both retail and corporate banking and is committed to adopting the best industry practices internationally in order to achieve excellence.

Axis Mutual Fund: Investment Philosophy

  • Investor at the heart of every single decision.
  • Communicate in his language, not in ours.
  • Play a serious and credible role in investor’s money basket.
  • Encourage investors to build a long-term perspective of the mutual fund category.
  • Leverage the equity of the ‘Axis’ brand
  • Aim at building relationships rather than being transactional.

Their product, sales and service strategy is entirely guided by these 3 pillars. They aim to provide quality financial and investment solutions which help customers feel financially secure and feel confident of a brighter and prosperous future.

They also lay a strong emphasis on risk management and planning with encouraging their investors and partners to take a holistic view which extends beyond mere investing surpluses to investing with an underlying dream, aspiration or goal.

Axis Mutual Fund: Key People

Chair Person: Mrs. Shikha Sharma

Shikha Sharma (born November 19, 1958) is the Managing Director and CEO of Axis Bank, the third largest private sector bank in India. Sharma joined Axis Bank in 2009 and as a leader adept at managing change, she has focused on transforming Axis Bank into a Bank with strengths across a wide range of Corporate and Retail Banking products.

At Axis Bank, she has focused on strengthening its retail lending franchise, enlarged its investment banking and advisory capabilities and developed a comprehensive portfolio of products in the payments space

She went on to do BA (Honours) in Economics from the Lady Shri Ram College for Women (LSR) in Delhi and MBA from IIM Ahmedabad. She also holds a post-graduate diploma in Software Technology from the National Centre for Software Technology in Mumbai.

CEO and MD: Mr. Chandresh Kumar Nigam

Mr. Chandresh Kumar Nigam is the Managing Director and Chief Executive Officer at Axis Asset Management Company Limited. He previously served as the Head of Investments and Portfolio Manager at the firm where he held the overall responsibility of the Investments function since April 2010 and managed a team of investment professionals to deliver investment performance across asset classes.

Prior to joining the firm in April 2010, he was a Portfolio Manager at The Chatterjee Group. Previously, Mr. Nigam served as a Senior Fund Manager of Equities at ICICI Prudential Asset Management Company Limited and Zurich Asset Management Company (India) Pvt Ltd. He has extensive experience in equity fund management.

Mr. Nigam earned a P.G.D.M. from Indian Institute of Management Calcutta and holds a Bachelor of Technology Degree in Mechanical Engineer from Indian Institute of Technology, Delhi.

Axis Mutual Fund: Salient Features

Some of the salient features of Axis mutual fund are:

  1. A well-rounded product suite that consists of 50 Schemes
  2. Over 20 lac active investor accounts
  3. Presence in over 90 cities
  4. The performance of top axis mutual fund online schemes provides you consistent growth with high returns in future.
  5. Axis best mutual funds online schemes in India available in order to plan your retirement so that you will not depend on your children’s money.

Best Axis Mutual Funds

Axis Mutual Fund has the trust of Indian investors like no other mutual fund company. This is because the Axis brand commands a good image in India. But that is not it. Axis Mutual Funds have been performing very well over the years.

Here are top 8 funds of Axis Mutual Fund:

1. Axis Focused 25 Fund – Direct

This is a  Multi Cap Equity Oriented Mutual Fund launched on January 1, 2013. It is a fund with moderately high risk and has given a return of 18.37% since its launch.

Returns per annum over the years from this fund are:

Duration Returns
1 year  21.76%
3 years  17.35%
5 years  18.75%

Key information about this fund are:

Launch Date 01 January 2013
Fund Category Equity – Multi Cap
Plan Type Direct
Rating by Groww 5 Star
AUM (Fund Size) ₹1667 Cr
Riskometer Moderately high
Minimum SIP ₹1000
Minimum SWP ₹1000
Performance w.r.t its Benchmark Has consistently outperformed its benchmark NIFTY 50 Total Return since its launch.
Age of the fund 5 years old
Expense Ratio 1.52%
Exit Load If redeemed between 0 Year to 1 Year; Exit Load is 1%;
Type  Open ended

Being a multi cap fund, the objective of this scheme would invest in equities and equity related instruments of companies spanning the entire market capitalization spectrum.

2. Axis Long Term Equity Fund – Direct

This is an ELSS (Equity Linked Savings Scheme) Mutual Fund launched on January 1, 2013. It is a fund with moderately high risk and has given a return of 22.49% since its launch.

Returns per annum over the years from this fund are:

Duration Returns
1 year  20.73%
3 years  12.86%
5 years  23.84%

Key information about this fund are:

Launch Date 01 January 2013
Fund Category Equity – ELSS
Plan Type Direct
Rating by Groww 4 Star
AUM (Fund Size) ₹16108 Cr
Riskometer Moderately high
Minimum SIP ₹500
Minimum SWP ₹500
Performance w.r.t its Benchmark Has consistently outperformed its benchmark S&P BSE 200 TRI since its launch.
Age of the fund 5 years old
Expense Ratio 1.24%
Exit Load NIL
Type  Open ended

The fund is large cap oriented as compared to its peers. In the last one year, large-cap weights have been at 65 to 75% and mid caps at 25 to 30%, with marginal small cap positions. Consistent performance has led to the fund seeing its asset size burgeon from a mere ₹4 crore at launch to ₹16,108 crore by March 2018.

3. Axis Bluechip Fund – Direct

This is a  Large Cap Equity Mutual Fund launched on January 1, 2013. It is a fund with moderately high risk and has given a return of 16.60% since its launch.

Returns per annum over the years from this fund are:

Duration Returns
1 year  23.04%
3 years  12.68%
5 years  16.40%

Key information about this fund are:

Launch Date 01 January 2013
Fund Category Equity – Large Cap
Plan Type Direct
Rating by Groww 4 Star
AUM (Fund Size) ₹1942 Cr
Riskometer Moderately high
Minimum SIP ₹1000
Minimum SWP ₹1000
Performance w.r.t its Benchmark Has consistently outperformed its benchmark NIFTY 50 Total Return since its launch.
Age of the fund 5 years old
Expense Ratio 1.15%
Exit Load If redeemed between 0 Year to 1 Year; Exit Load is 1%;
Type  Open ended

This fund seeks to achieve long-term capital appreciation by investing in a diversified portfolio predominantly consisting of equity and equity related securities including derivatives. However, there can be no assurance that the investment objective of the scheme will be achieved.

4. Axis Income Fund – Direct

This is an Income type – Debt oriented mutual fund launched on January 7, 2013. It is a fund with low risk and has given a return of 10.38% since its launch.

Returns per annum over the years from this fund are:

Duration Returns
1 year  6.74%
3 years  9.15%
5 years  8.96%

Key information about this fund are:

Launch Date 07 January 2013
Fund Category Debt – Income
Plan Type Direct
Rating by Groww 4 Star
AUM (Fund Size) ₹425 Cr
Riskometer Low
Minimum SIP ₹1000
Minimum SWP ₹1000
Performance w.r.t its Benchmark Has consistently outperformed its benchmark CRISIL MIP Blended since its launch.
Age of the fund 5 years old
Expense Ratio 0.4%
Exit Load If redeemed between 0 Year to 1 Year; Exit Load is 1%;
Type  Open ended

Debt mutual funds are associated with much lower risk. The best debt mutual funds can give you more consistent returns when compared to equity mutual funds.

5. Axis Liquid Fund – Direct

This is a liquid type – Debt oriented mutual fund launched on January 1, 2013. It is a fund with low risk and has given a return of 8.19% since its launch.

Returns per annum over the years from this fund are:

Duration Returns
1 year  6.92%
3 years  7.42%
5 years  8.14%

Key information about this fund are:

Launch Date 01 January 2013
Fund Category Debt – Liquid
Plan Type Direct
Rating by Groww 4 Star
AUM (Fund Size) ₹24161 Cr
Riskometer Low
Minimum SIP Not Supported
Minimum SWP ₹1000
Performance w.r.t its Benchmark Has consistently outperformed its benchmark CRISIL Liquid since its launch.
Age of the fund 5 years old
Expense Ratio 0.11%
Exit Load NIL
Type  Open ended

This fund seeks to provide a high level of liquidity with reasonable returns commensurate with low risk through a portfolio of money market and debt securities. However, there can be no assurance that the investment objective of the scheme will be achieved.

6. Axis Equity Saver Fund – Direct

This is a hybrid mutual fund launched on August 14, 2015. It is a fund with moderately low risk and has given a return of 8.44% since its launch.

Returns per annum over the years from this fund are:

Duration Returns
1 year  10.14%
3 years  NA
5 years  NA

Key information about this fund are:

Launch Date 14 August 2015
Fund Category Hybrid
Plan Type Direct
Rating by Groww 3 Star
AUM (Fund Size) ₹664 Cr
Riskometer Moderately Low
Minimum SIP ₹1000
Minimum SWP ₹1000
Performance w.r.t its Benchmark Has consistently outperformed its benchmark CRISIL Hybrid 85+15 Conservative since its launch.
Age of the fund 2 years old
Expense Ratio 1.92%
Exit Load If redeemed bet. 0 Month to 12 Month; Exit Load is 1%;
Type  Open ended

7. Axis Short Term Fund – Direct

This is a short-term type – Debt oriented mutual fund launched on January 1, 2013. It is a fund with low risk and has given a return of 8.71% since its launch.

Returns per annum over the years from this fund are:

Duration Returns
1 year  5.76%
3 years  8.15%
5 years  8.43%

Key information about this fund are:

Launch Date 01 January 2013
Fund Category Debt – Liquid
Plan Type Direct
Rating by Groww 3 Star
AUM (Fund Size) ₹6091 Cr
Riskometer Low
Minimum SIP ₹1000
Minimum SWP ₹1000
Performance w.r.t its Benchmark Has consistently outperformed its benchmark CRISIL Short-Term Bond since its launch.
Age of the fund 5 years old
Expense Ratio 0.18%
Exit Load NIL
Type  Open ended

The scheme will endeavor to generate stable returns with a low-risk strategy while maintaining liquidity through a portfolio consisting of debt and money market instruments. However, there can be no assurance that the investment objective of the scheme will be achieved.

8. Axis Strategic Bond Fund – Direct 

This is a Medium duration type – Debt oriented mutual fund launched on January 4, 2013. It is a fund with moderately low risk and has given a return of 9.50% since its launch.

Returns per annum over the years from this fund are:

Duration Returns
1 year  8.46%
3 years  8.36%
5 years  10.49%

Key information about this fund are:

Launch Date 04 January 2013
Fund Category Debt – Liquid
Plan Type Direct
Rating by Groww 3 Star
AUM (Fund Size) ₹456 Cr
Riskometer Moderately Low
Minimum SIP ₹1000
Minimum SWP ₹1000
Performance w.r.t its Benchmark Has consistently outperformed its benchmark CRISIL Composite Bond since its launch.
Age of the fund 5 years old
Expense Ratio 1.64%
Exit Load If redeemed bet. 0 Month to 12 Month; Exit Load is 1%;
Type  Open ended

The scheme seeks to generate regular income through investments in debt & money market instruments, along with capital appreciation through limited exposure to equity and equity related instruments. It also aims to manage risk thorough active asset allocation.

Things to Remember

There are a lot of factors you should look into before selecting a mutual fund scheme which will match your investment goals.

Following the few important things you should always remember before investing in Mutual Funds :

  1. Higher rates: don’t blindly invest in the fund with the highest returns. Invest based on the duration you want to invest for.
  2. Every person’s financial condition is different. Evaluate the funds you invest in yourself – don’t invest in a fund because of its popularity.
  3. Systematic Investment Plan (SIP) is much better and safer option for investing in equity oriented mutual funds.
  4. Direct plan for mutual fund gives you higher returns as compared to the regular plan of mutual fund schemes.
  5. STP route is best for all those investors who wish to invest a lump sum in mutual fund schemes because this way they get the dual benefits of comparative risk investment.
  6. Review your investment from time to time but not too often. Once a few weeks is good enough.

Also, there are many myths and false beliefs about mutual funds circulating in the markets from time to time. The most successful investors are the ones that ignore the myths and pay attention only to what actually needs their attention.

Read More: 10 Secrets Only Successful Mutual Fund Investors Know

To know more tips of investing in a mutual fund, Read More: 10 Tips on investing in Mutual Funds

Happy Investing!

Disclaimer: the views expressed here are of the author and do not reflect those of Groww.