Axis Mutual Fund launched its first scheme in October 2009. Since then, Axis Mutual fund has grown strongly.

The vision of Axis Mutual Fund is to responsibly manage money and risks to help people feel financially secure and confident of a brighter and prosperous future.

The investment philosophy of Axis Mutual Fund comprises of enduring wealth creation and maintaining long term relationships

Key Information

Fund HouseAxis Asset Management Company Limited
Commencement of OperationsOctober 2009
SponsorAxis Bank Limited
Managing DirectorMr. Chandresh Nigam
CEO of SponsorMr. Amitabh Chaudhry
CO) & CFOMr. Gopal Menon
Head EquityMr. Jinesh Gopani
Head Fixed IncomeMr. R. Sivakumar
Head productsMr. Ashwin Patni

Axis Mutual Fund houses more than 50 schemes and has more than 20 lakh investor accounts investing with them and is present in more than 90 cities.

Their main motto is to take any fund related decision, keeping a customer-centric approach in mind. The AMC commits to keeping investors at the heart of every decision.

Their goal is to provide quality financial and investment solutions which help customers feel financially secure and feel confident of a brighter and prosperous future. They give a lot of importance to risk management and planning.

 

Key People Of Axis Mutual Fund

1.Mr. Chandresh Kumar Nigam- MD & CEO

Mr. Chandresh Kumar Nigam is a mechanical engineer from IIT Delhi and PGDM from IIM Calcutta. He has over 26 years of experience in equity fund management.

His previous experience includes TCG Advisory, ICICI Prudential AMC & Zurich India AMC.

2. Mr. Jinesh Gopani- Head of Equity

He is an M.M.S. in finance from Mumbai University. A total experience of 16 years in the capital markets, of which, 8 years are in equity fund management.

He has been working with Axis AMC for more than 9 years now. His previous experience includes Aditya Birla Sun Life Mutual Fund and Voyager Capital.

Key Funds Managed

3. Mr. R. Sivakumar- Head of Fixed Income

Mr. R. Sivakumar is an engineer from IIT Madras and a PGDM from IIM Ahmedabad.

He has more than 19 years of experience in the Indian asset management industry across asset classes and has been working with Axis AMC for more than 10 years now.

His previous experience includes managing fixed income funds with ABN AMRO and Sundaram Mutual Funds.

Fund Managers

1. Mr. Shreyash Devalkar

Mr. Shreyash Devalkar is a Bachelor in Chemical Engineering & Masters in Management Studies from JBIMS.

He has more than 16 years of experience in capital markets. Previous experience includes JP Morgan, IDFC Securities Ltd., IDFC AMC and BNP Paribas AMC.

2. Mr. Ashwin Patni

Mr. Ashwin Patel is a post graduate from IIM Calcutta and B.E. in Metallurgy.

He has more than 16 years of experience including 11 years of experience in banking and capital markets. He has been working with Axis AMC for more than 8 years now.

His previous experiences include Standard Chartered Bank and IDFC Asset Management Company Limited.

3. Mr. Devang Shah

Mr. Devang Shah is a Bachelor of Commerce from HR College of Commerce and Economics & is also a Chartered Accountant.

He has more than 14 years of experience out of which 6 years  6 months are in Axis AMC. His previous experience includes Price Waterhouse Coopers, Deutsche Asset Management  & ICICI Prudential AMC.

4. Mr. Dhaval Patel

Mr. Dhaval Patel has done his MBA in Finance and B.E in Electronics & Communication. He has more than 15 years of experience out of which he has spent more than 3 years in Axis AMC.

His previous experience includes Credit Analysis & Research Limited.

Major Axis Funds

1. Axis Bluechip Fund

 Key Information

AUMRs 3,961.03 Crores (as on 31st Jan 2019)
NAV (Direct Growth)Rs 28.74 (as on 31st Jan 2019)
Minimum SIP InvestmentRs 1000
Expense Ratio (Direct)0.89 %
Fund TypeLarge Cap Equity
RiskModerately High
BenchmarkNIFTY 50
Fund ManagerMr. Shreyash Devalkar
Exit LoadIf redeemed up to 10% of the initial investment amount bet. 0 Year to 1 Year; Exit Load is Nil else 1 % within 1 Year
Date of Allotment5th January 2010

Returns (as on 31st January 2019)

DurationFund Returns (Direct)Benchmark Returns
Since Inception15.15 %11.71 %
1 Year Return5.90 %-0.35 %
3 Year Return15.30 %14.20 %
5 Year Return16.67 %13.61 %

 Investment Objective

To achieve long term capital appreciation by investing in a diversified portfolio, predominantly consisting of equity and equity-related securities of large-cap companies including derivatives.

However, there can be no assurance that the investment objective of the Scheme will be achieved.

Mutual Funds For a Conservative Investor – 2019

Sector Allocation

SectorsAxis Bluechip Fund
Financial Services37.79 %
Information Technology16.53 %
Consumer Goods15.76 %
Automobile3.35 %

 Why Invest in Axis Bluechip Fund?

This is a large-cap fund and has performed better than its benchmark in 1 year, 3 years, 5-year returns and since the inception of the fund.

It has a low expense ratio of 0.89 % for its direct option of investment and has a good track record since 2010. It has majorly invested in sectors like financial services, information technology etc.

Top Holdings

Company Name% AllocationSector
HDFC Bank Ltd.9.56 %Financial
Bajaj Finance Ltd.7.61 %Financial
Infosys Ltd.7.53 %Technology
Tata Consultancy Services Ltd.7.17 %Technology
Kotak Mahindra Bank Ltd.6.97 %Financial
ICICI Bank Ltd.5.52 %Financial
Housing Development Finance Corpn. Ltd.3.69 %Financial
Maruti Suzuki India Ltd.3.35 %Automobile
Titan Company Ltd.3.24 %Cons Durable
Avenue Supermarts Ltd.3.09 %Retailing

2. Axis Short Term Fund

Key Information

AUMRs 4,699.96 Crores (as on 31st Jan 2019)
NAV (Direct Growth)Rs 20.81 (as on 31st Jan 2019)
Minimum SIP InvestmentRs 1000
Expense Ratio (Direct)0.28 %
Fund TypeDebt
RiskModerately Low
BenchmarkNIFTY Short Duration Debt Index
Fund ManagerMr. Devang Shah
Exit LoadNil
Date of Allotment22nd January 2010

Returns (as on 31st January 2019)

DurationFund Returns (Direct)Benchmark Returns
Since Inception8.71 %8.22 %
1 Year Return7.41 %7.02 %
3 Year Return8.06 %7.48 %
5 Year Return8.84 %8.29 %

 Investment Objective

To generate stable returns with a low-risk strategy while maintaining liquidity through a portfolio comprising of debt and money market instruments.

However, there can be no assurance that the investment objective of the scheme will be achieved.

 Sector Allocation

SectorsAxis Short Term Fund
Corporate Bond76.73 %
Certificate Of Deposit9.19 %
Pass-Through Certificate2.72 %
Zero Coupon Bond2.81 %

Why Invest in Axis Short Term Fund?

This is a debt fund and has performed slightly better than its benchmark in 1 year, 5-year returns and since the inception of the fund.

It has a very low expense ratio of 0.28% for its direct option of investment and has a good track record since 2010. It has majorly invested in corporate bonds.

Top Holdings

Company Name% AllocationSector
Power Finance Corporation Ltd9.12 %Financial
Housing Development Finance Corpn. Ltd.8.82 %Financial
National Bank For Agriculture & Rural Development6.29 %Financial
LIC Housing Finance Ltd.5.05 %Financial
Reliance Industries Ltd.4.43 %Energy
Reliance Jio3.70 %Telecom
National Housing Bank4.36 %Financial
REC Ltd3.34 %Financial
Tata Sons3.27 %
State Bank of India2.66 %Financial
NRSS XXIX Transmission Ltd.2.46 %Engineering

3. Axis Focused 25 Fund

Key Information

AUMRs 6,510.79 Crores (as on 31st Jan 2019)
NAV (Direct Growth)Rs 27.11 (as on 31st Jan 2019)
Minimum SIP InvestmentRs 1000
Expense Ratio (Direct)0.66 %
Fund TypeFocused Equity
RiskModerately High
BenchmarkNIFTY 50
Fund ManagerMr. Jinesh Gopani
Exit LoadIf redeemed up to 10% of the initial investment amount bet. 0 Year to 1 Year; Exit Load is Nil else 1 % within 1 Year
Date of Allotment29th June 2012

 Returns (as on 31st January 2019)

DurationFund Returns (Direct)Benchmark Returns
Since Inception14.87 %11.71 %
1 Year Return-4.17 %-0.35 %
3 Year Return16.24 %14.20 %
5 Year Return18.19 %13.61 %

 Investment Objective

To generate long term capital appreciation by investing in a concentrated portfolio of equity & equity related instruments of up to 25 companies.

Sector Allocation

SectorsAxis Focused 25 Fund
Financial Services40.94 %
Automobile13.74 %
IT12.57 %
Consumer Goods8.93 %

 Why Invest in Axis Focused 25 Fund?

This is an open-ended fund which invests in maximum 25 companies of large cap, mid cap, and small cap. It has performed better than its benchmark in 3 years, 5-year returns and since the inception of the fund.

It has a low expense ratio of 0.66 % for its direct option of investment and has a good track record since 2012. It has majorly invested in sectors like financial services, automobile, information technology etc.

Top Holdings

Company Name% AllocationSector
Tata Consultancy Services Ltd.8.74 %Technology
Bajaj Finance Ltd.8.0 %Financial
Kotak Mahindra Bank Ltd.7.32 %Financial
HDFC Bank Ltd.7.20 %Financial
Housing Development Finance Corpn. Ltd.6.34 %Financial
Maruti Suzuki India Ltd.6.13 %Automobile
Bajaj Finserv Ltd.5.31 %Financial
Avenue Supermarts Ltd.5.23 %Services
Pidilite Industries Ltd.4.92 %Chemicals
Supreme Industries Ltd.3.89 %Chemicals

4. Axis Equity Saver Fund

 Key Information

AUMRs 744.98 Crores (as on 31st Jan 2019)
NAV (Direct Growth)Rs 12.90 (as on 31st Jan 2019)
Minimum SIP InvestmentRs 1000
Expense Ratio (Direct)1.31 %
Fund TypeHybrid Equity Savings
RiskModerately High
BenchmarkNIFTY 50 Equity Savings Index
Fund ManagerMr. Anupam Tiwari & Mr. R. Sivakumar
Exit LoadIf redeemed up to 10% of the initial investment amount bet. 0 Year to 1 Year; Exit Load is Nil else 1 % within 1 Year
Date of Allotment14th August 2015

 Returns (as on 31st January 2019)

DurationFund Returns (Direct)Benchmark Returns
Since Inception7.62 %7.37 %
1 Year Return4.96 %3.92 %
3 Year Return8.98 %9.27 %

 Investment Objective

The investment objective of the scheme is to provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments.

However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.

Sector Allocation

SectorsAxis Equity Saver Fund
Unhedged Equity40.17 %
Debt, Cash & Other Receivable34.12 %
Hedged Equity25.71 %

 

Why Invest in Axis Equity Saver Fund?

This is an open-ended fund investing in equity, arbitrage, and debt. It has performed slightly better than its benchmark in 1-year return and since the inception of the fund.

It has an average track record since 2015 and is comparatively a new fund. It has majorly invested in unhedged equity, debt etc.

Top Holdings (Equity)

Company Name% AllocationSector
HDFC Bank Ltd.4.44 %Financial
Tata Consultancy Services Ltd.3.37 %Technology
Infosys Ltd.3.08 %Technology
Reliance Industries3.04 %Petroleum
HDFC Ltd2.88 %Financial

Top Holdings (Debt)

Company Name% AllocationCredit Rating
REC Ltd3.95 %CRISIL AAA
Bank of Baroda3.56 %CARE AA
ICICI Bank Ltd3.48 %ICRA AA+
Reliance Industries Ltd2.58 %CRISIL AAA

5. Axis Mid Cap Fund

Key Information

AUMRs 1,799.24 Crores (as on 31st Jan 2019)
NAV (Direct Growth)Rs 36.57 (as on 31st Jan 2019)
Minimum SIP InvestmentRs 1000
Expense Ratio (Direct)0.99 %
Fund TypeMid-cap
RiskModerately High
BenchmarkS&P BSE Midcap
Fund ManagerMr. Shreyash Devalkar
Exit LoadIf redeemed up to 10% of the initial investment amount bet. 0 Year to 1 Year; Exit Load is Nil else 1 % within 1 Year
Date of Allotment18th February 2011

Returns (as on 31st January 2019)

DurationFund Returns (Direct)Benchmark Returns
Since Inception17.52 %13.72 %
1 Year Return3.31 %-15.33 %
3 Year Return13.98 %13.03 %
5 Year Return22.50 %19.57 %

Investment Objective

To achieve long term capital appreciation by investing predominantly in equity & equity related instruments of mid-cap companies.

Sector Allocation

SectorsAxis Focused 25 Fund
Financial Services25.55 %
Consumer Goods12.35 %
Industrial Manufacturing11.29 %
Pharma10.16 %

Why Invest in Axis Mid Cap Fund?

This is an open-ended fund which mainly invests in mid-cap stocks. It has performed better than its benchmark in 1 year, 3 years, 5-year returns and since the inception of the fund.

It has an expense ratio of 0.99 % for its direct option of investment and has a good track record since 2011. It has majorly invested in sectors like financial services, consumer goods etc.

Top Holdings

Company Name% AllocationSector
City Union Bank Ltd.5.72 %Financial
Info Edge (India) Ltd.5.16 %Services
Torrent Pharmaceuticals Ltd.4.24 %Healthcare
Gruh Finance Ltd.4.23 %Financial
Astral Poly Technik Ltd.4.23 %Chemicals
HDFC Bank Ltd.3.62 %Financial
Mahindra & Mahindra Financial Services Ltd.3.43 %Financial
Endurance Technologies Ltd.3.37 %Automobile
Divi’s Laboratories Ltd.3.05 %Healthcare
Bajaj Finance Ltd.3.02 %Financial

Conclusion

Axis Mutual Fund has a good track record and manages a huge value of assets under management. It has reputed fund managers to take care of the investment as well.

It caters to people with different risk profiles by offering a variety of products in the mutual fund space. It also has a customer-centric approach and intends to provide solutions that make them financially secure.

Happy Investing!

Disclaimer: The views expressed in this post are that of the author and not those of Groww