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.

axis-mutual-fund

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

Key Information

Fund House Axis Asset Management Company Limited
Commencement of Operations October 2009
Sponsor Axis Bank Limited
Managing Director Mr. Chandresh Nigam
CEO of Sponsor Mr. Amitabh Chaudhry
CO) & CFO Mr. Gopal Menon
Head Equity Mr. Jinesh Gopani
Head Fixed Income Mr. R. Sivakumar
Head products Mr. 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

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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.

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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.

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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.

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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.

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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.

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Major Axis Funds

1. Axis Bluechip Fund

 Key Information

AUM Rs 3,961.03 Crores (as on 31st Jan 2019)
NAV (Direct Growth) Rs 28.74 (as on 31st Jan 2019)
Minimum SIP Investment Rs 1000
Expense Ratio (Direct) 0.89 %
Fund Type Large Cap Equity
Risk Moderately High
Benchmark NIFTY 50
Fund Manager Mr. Shreyash Devalkar
Exit Load If 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 Allotment 5th January 2010

Returns (as on 31st January 2019)

Duration Fund Returns (Direct) Benchmark Returns
Since Inception 15.15 % 11.71 %
1 Year Return 5.90 % -0.35 %
3 Year Return 15.30 % 14.20 %
5 Year Return 16.67 % 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

Sectors Axis Bluechip Fund
Financial Services 37.79 %
Information Technology 16.53 %
Consumer Goods 15.76 %
Automobile 3.35 %

 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 % Allocation Sector
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

AUM Rs 4,699.96 Crores (as on 31st Jan 2019)
NAV (Direct Growth) Rs 20.81 (as on 31st Jan 2019)
Minimum SIP Investment Rs 1000
Expense Ratio (Direct) 0.28 %
Fund Type Debt
Risk Moderately Low
Benchmark NIFTY Short Duration Debt Index
Fund Manager Mr. Devang Shah
Exit Load Nil
Date of Allotment 22nd January 2010

Returns (as on 31st January 2019)

Duration Fund Returns (Direct) Benchmark Returns
Since Inception 8.71 % 8.22 %
1 Year Return 7.41 % 7.02 %
3 Year Return 8.06 % 7.48 %
5 Year Return 8.84 % 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

Sectors Axis Short Term Fund
Corporate Bond 76.73 %
Certificate Of Deposit 9.19 %
Pass-Through Certificate 2.72 %
Zero Coupon Bond 2.81 %

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 % Allocation Sector
Power Finance Corporation Ltd 9.12 % Financial
Housing Development Finance Corpn. Ltd. 8.82 % Financial
National Bank For Agriculture & Rural Development 6.29 % Financial
LIC Housing Finance Ltd. 5.05 % Financial
Reliance Industries Ltd. 4.43 % Energy
Reliance Jio 3.70 % Telecom
National Housing Bank 4.36 % Financial
REC Ltd 3.34 % Financial
Tata Sons 3.27 %
State Bank of India 2.66 % Financial
NRSS XXIX Transmission Ltd. 2.46 % Engineering

3. Axis Focused 25 Fund

Key Information

AUM Rs 6,510.79 Crores (as on 31st Jan 2019)
NAV (Direct Growth) Rs 27.11 (as on 31st Jan 2019)
Minimum SIP Investment Rs 1000
Expense Ratio (Direct) 0.66 %
Fund Type Focused Equity
Risk Moderately High
Benchmark NIFTY 50
Fund Manager Mr. Jinesh Gopani
Exit Load If 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 Allotment 29th June 2012

 Returns (as on 31st January 2019)

Duration Fund Returns (Direct) Benchmark Returns
Since Inception 14.87 % 11.71 %
1 Year Return -4.17 % -0.35 %
3 Year Return 16.24 % 14.20 %
5 Year Return 18.19 % 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

Sectors Axis Focused 25 Fund
Financial Services 40.94 %
Automobile 13.74 %
IT 12.57 %
Consumer Goods 8.93 %

 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 % Allocation Sector
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

AUM Rs 744.98 Crores (as on 31st Jan 2019)
NAV (Direct Growth) Rs 12.90 (as on 31st Jan 2019)
Minimum SIP Investment Rs 1000
Expense Ratio (Direct) 1.31 %
Fund Type Hybrid Equity Savings
Risk Moderately High
Benchmark NIFTY 50 Equity Savings Index
Fund Manager Mr. Anupam Tiwari & Mr. R. Sivakumar
Exit Load If 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 Allotment 14th August 2015

 Returns (as on 31st January 2019)

Duration Fund Returns (Direct) Benchmark Returns
Since Inception 7.62 % 7.37 %
1 Year Return 4.96 % 3.92 %
3 Year Return 8.98 % 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

Sectors Axis Equity Saver Fund
Unhedged Equity 40.17 %
Debt, Cash & Other Receivable 34.12 %
Hedged Equity 25.71 %

Kotak Standard Multicap Fund vs Mirae Asset India Equity Fund

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 % Allocation Sector
HDFC Bank Ltd. 4.44 % Financial
Tata Consultancy Services Ltd. 3.37 % Technology
Infosys Ltd. 3.08 % Technology
Reliance Industries 3.04 % Petroleum
HDFC Ltd 2.88 % Financial

Top Holdings (Debt)

Company Name % Allocation Credit Rating
REC Ltd 3.95 % CRISIL AAA
Bank of Baroda 3.56 % CARE AA
ICICI Bank Ltd 3.48 % ICRA AA+
Reliance Industries Ltd 2.58 % CRISIL AAA

5. Axis Mid Cap Fund

Key Information

AUM Rs 1,799.24 Crores (as on 31st Jan 2019)
NAV (Direct Growth) Rs 36.57 (as on 31st Jan 2019)
Minimum SIP Investment Rs 1000
Expense Ratio (Direct) 0.99 %
Fund Type Mid-cap
Risk Moderately High
Benchmark S&P BSE Midcap
Fund Manager Mr. Shreyash Devalkar
Exit Load If 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 Allotment 18th February 2011

Returns (as on 31st January 2019)

Duration Fund Returns (Direct) Benchmark Returns
Since Inception 17.52 % 13.72 %
1 Year Return 3.31 % -15.33 %
3 Year Return 13.98 % 13.03 %
5 Year Return 22.50 % 19.57 %

Investment Objective

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

Sector Allocation

Sectors Axis Focused 25 Fund
Financial Services 25.55 %
Consumer Goods 12.35 %
Industrial Manufacturing 11.29 %
Pharma 10.16 %

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.

Bluechip Funds: The Crusader of Financial Miseries?

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 % Allocation Sector
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