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Axis Mutual Fund

Axis Asset Management Company Ltd., the formal name of Axis Mutual Fund, is the mutual fund investment wing of Axis Bank, one of the largest private banks in India. 74.99% share of the AMC is held by Axis Bank while the rest 24% is held by Schroder Singapore Holdings Private Limited.

The Axis MF AMC was incorporated back in October 2009 and has since abided by its three pillars:

I. Outside-in view – Communicate with customers in their language to assist better in taking the right investment decision.

II. Long-term wealth creation – Encourage investors to create a long-term investment strategy and play a critical role in their wealth management.

III. Long-term relationship – Build relationships beyond finances.

As of March 31, 2024, the AMC has reported Assets Under Management (AMU) for schemes of Axis Mutual Funds at Rs. 2.74 lakh crores.

It has 31 investment teams operating across 19 nations in the Middle East, Europe, America, and Asia. The product lineup of Axis Mutual Fund includes over 53 different schemes. It is present in over 100 cities and has over 98 lakh active investor accounts.

List of Axis Mutual Fund in India

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Axis Gold Fund
OtherHigh23.2%5₹501
Axis Overnight Fund
DebtLow6.8%5₹7,224
Axis Small Cap Fund
EquityVery High41.3%4₹22,262
Axis Growth Opportunities Fund
EquityVery High42.6%4₹13,274
Axis Strategic Bond Fund
DebtModerately High8.3%4₹1,939
Axis Strategic Bond Fund
DebtModerately High7.9%4₹1,970
Axis Arbitrage Fund
HybridLow8.4%4₹5,237
Axis Corporate Debt Fund
DebtModerate7.8%4₹5,386
Axis Ultra Short Term Fund
DebtModerate7.7%4₹4,596
Axis Money Market Fund
DebtLow to Moderate7.7%4₹10,632
Axis Short Term Direct Fund
DebtModerate7.7%4₹7,698
Axis Treasury Advantage Direct Fund
DebtLow to Moderate7.6%4₹5,175
Axis Corporate Debt Fund
DebtModerate7.4%4₹5,336
Axis All Seasons Debt FoF Fund
OtherModerate7.3%4₹172
Axis Treasury Advantage Direct Fund
DebtLow to Moderate7.5%4₹5,464
View All

Key information about Axis Asset Management Company Ltd.

Mutual fund nameAxis Mutual Fund
Asset management company nameAxis Asset Management Company Ltd.
AMC Setup Date4 September 2009
AMC Incorporation Date13 January 2009
Sponsor nameAxis Bank Limited
Trustee organisationAxis Mutual Fund Trustee Limited
Name of trusteesMr. Radhakrishnan Nair Mrs. Vijayalakshmi Iyer Mr. G. Gopalakrishna Mr. Venkat Chalasani Mr. Rudrapriya Ray Mr. Murray Coble
MD and CEOB.Gopkumar
CIOAshish Gupta
Compliance OfficerMr. Darshan Kapadia
Investor Service OfficerMr. Milind Vengurlekar
Total AUM (as of end of last quarter)Rs. 253906 Cr.

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How to invest in Axis Mutual Funds?

Mutual Fund investment not only provides a lot of benefits but can also help in reducing the risk by investing in diverse portfolios. If you are looking to invest in Axis Bank Mutual funds, such an investment can be made online as well as offline. The Axis mutual fund application via offline mode can be done by filling up an investment application form. If you prefer to do it online, the prerequisites of how can you invest in Axis MF online is given below.

  • The applicant should be KYC Compliant

However, you can also invest in Axis Mutual Funds online on Groww; the steps for which are given below:

How to Invest in Axis MF on Groww

You can invest in the Axis Bank Mutual Fund online by simply following the few steps mentioned below –

Step 1. Register and create a new Groww account or log in if you already have one.

Step 2. Upload your identity proof documents (Central or State Government ID card PAN, Aadhaar, Passport, Voter ID, Driving License, etc.)

Step 3. Upload your address proof documents (any identity proof documents with your permanent address, etc.).

Step 4. Choose the duration of your investment.

Step 5. Select whether you want low, mid, or high-risk investment options.

Step 6. Select your preferred Axis Bank Mutual Fund.

Step 7. Click on “Invest One Time” if you want to invest a lump sum amount or “Start SIP” if you want to invest via SIP.

Your Groww account will reflect the Axis Mutual Fund in India you have invested in within 3 to 4 working days.

Top fund managers

1. Mr. Jinesh Gopani

Jinesh Gopani has a combined experience of 13 years in capital markets. Out of that, he spent 4 years in managing equity funds. An MMS in Finance from Mumbai University, he has been the Fund Manager of Equities at Axis Asset Management Company Ltd. since 2011. He held the post of Assistant Fund manager of Equities prior to this position.

Before becoming part of Axis Mutual Fund, he was associated with Birla Sun Life Asset Management Company Ltd. as the Portfolio Manager. He was also the Portfolio Manager and Research Analyst at Voyager India Capital Pvt. Ltd. earlier.

The key funds that Mr. Gopani manages are Axis Long Term Equity Fund, Axis Growth Opportunities Fund, and Axis Focused 25 Fund.

2. Mr. Shreyash Devalkar

Shreyash Devalkar is a Bachelor of Chemical Engineering degree from UDCT, Mumbai and an MMS in Finance from Jamnalal Bajaj Institute of Management Studies.

Mr. Devalkar began his career as an Executive Engineer at Larsen & Toubro Limited back in 1999. He then moved on to become a manager at Calyon Bank in 2003. In 2004, he was hired as an Analyst at JP Morgan Services India Ltd. From there, he went on to become the Vice President of Research at IDFC Capital Ltd. Mr. Devalkar later on became the Vice President of Investments at IDFC Asset Management Company Ltd.

BNP Paribas Asset Management India Private Ltd hired him as an Equity Analyst in the PMS division in 2011. The same year, he became the Fund Manager of Equities of the same company.

Mr. Devalkar has served as the Senior Fund Manager of Axis Bank Mutual Fund investment schemes since 2016.

Some of the key funds that Shreyash Devalkar manages include Axis Multicap Fund, Axis Mid Cap Fund, and Axis Bluechip Fund. The Axis Bluechip Fund registered a 21.5% return in FY 2017-18, a considerable growth compared to Bluechip Funds of other AMCs.

3. Mr. Ashish Naik

Ashish Naik is a PGDBM in Finance and Marketing from XLRI, Jamshedpur. He is also a Chartered Financial Analyst (CFA) and Financial Risk Manager (FRM). Mr. Naik also holds a degree in Bachelor in Computer Engineering from the University of Mumbai.

He initially began his career as a Software Engineer from Hexaware Technologies. He later on joined Goldman Sachs as a Sell-side Equity Research Analyst and performed various duties like creating financial models for Korean and Malaysian banks.

Mr. Naik joined Axis Mutual Fund in 2009 as a Research Analyst. His primary roles included risk analysis, portfolio performance, marketing mutual funds, analysing industry structure, etc.

He received the position of Assistant Fund Manager at Axis in 2016 and Fund Manager in 2018.

The key funds that Ashish Naik manages include Axis Regular Saver Fund, Axis Equity Hybrid Fund, Axis Children’s Gift Fund - Compulsory Lock-In, Axis Triple Advantage Fund, and Axis NIFTY ETF.

4. Mr. R. Sivakumar

R. Sivakumar holds a BTech degree from the Indian Institute of Technology, Madras and an MBD degree from the Indian Institute of Management, Ahmedabad.

He started his career as a Research and Investment Analyst in Zurich India AMC & ITC Threadneedle AMC back in 1998. Mr. Sivakumar has also been the Fund manager of Fixed Income at Sundaram Asset Management Company Ltd. He has also played the role of Fund Manager in Fortis Investments, where he later became the Chief Operating Officer.

R. Sivakumar is currently the Head of Fixed Income at Axis Mutual Fund in India since 2009.

Some of the key schemes that he manages are Axis Triple Advantage Fund, Axis Equity Saver Fund, Axis Equity Hybrid Fund, Axis Dynamic Equity Fund, Axis Dynamic Bond Fund, and Axis Children’s Gift Fund - Compulsory Lock-In.

5. Mr. Hitesh Das
He has done PGDM, M.Tech, and B.Tech. Before joining Axis Mutual Fund, he worked with Credit Suisse Securities (India) Pvt. Ltd., Barclays Securities India Pvt. Ltd., Yes Bank, Ebusinessware (India) Pvt. Ltd.

6. Mr. Aaditya Pagaria
He holds a Bachelor in Management Studies and also a Post Graduate Diploma in Business Management from the Institute Of Technology And Management, SK Somaiya College.
Before associating with Axis AMC, he was a part of ICICI Prudential AMC as Fund Manager - Fixed Income Operations.

7. Mr. Devang Shah
He is the Deputy Head - Fixed Income at Axis AMC. Before joining Axis AMC, he was associated with ICICI Prudential AMC as a Fund Manager. His primary responsibility at Axis AMC is to analyse and manage top-quartile performance for all funds, along with addressing client relationship.

Explore Other AMC's Schemes

  1. HDFC Balanced Advantage Fund
  2. Nippon India Small Cap Fund
  3. Canara Robeco Small Cap Fund
  4. Mirae Asset Emerging Bluechip Fund
  5. Axis Long Term Equity Fund
  6. Axis Small Cap Fund
  7. SBI Contra Fund
  8. SBI Equity Hybrid Fund Regular Growth
  9. Axis Midcap Fund
  10. Kotak Emerging Equity Fund

Let's have a closer look

Now let us jump and check about these top 15 mutual fund schemes.

Axis Gold Direct Plan Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 14.48% & 15.6%. The Axis Gold Fund comes under the Other category of Axis Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Axis Gold Fund is ₹100 and for SIP, it is ₹100.

Min Investment Amt₹100
AUM₹501Cr
1Y Returns23.2%

Axis Overnight Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.53% & 4.82%. The Axis Overnight Fund comes under the Debt category of Axis Mutual Funds.

Min Investment Amt₹500
AUM₹7,224Cr
1Y Returns6.8%

Axis Small Cap Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 25.36% & 30.53%. The Axis Small Cap Fund comes under the Equity category of Axis Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Axis Small Cap Fund is ₹100 and for SIP, it is ₹100.

Min Investment Amt₹100
AUM₹22,262Cr
1Y Returns41.3%

Axis Growth Opportunities Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 19.96% & 25.21%. The Axis Growth Opportunities Fund comes under the Equity category of Axis Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Axis Growth Opportunities Fund is ₹100 and for SIP, it is ₹100.

Min Investment Amt₹100
AUM₹13,274Cr
1Y Returns42.6%

Axis Strategic Bond Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.86% & 7.81%. The Axis Strategic Bond Fund comes under the Debt category of Axis Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Axis Strategic Bond Fund is ₹100 and for SIP, it is ₹100.

Min Investment Amt₹100
AUM₹1,939Cr
1Y Returns8.3%

Axis Strategic Bond Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.62% & 7.42%. The Axis Strategic Bond Fund comes under the Debt category of Axis Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Axis Strategic Bond Fund is ₹100 and for SIP, it is ₹100.

Min Investment Amt₹100
AUM₹1,970Cr
1Y Returns7.9%

Axis Arbitrage Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.54% & 5.94%. The Axis Arbitrage Fund comes under the Hybrid category of Axis Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Axis Arbitrage Fund is ₹500 and for SIP, it is ₹100.

Min Investment Amt₹500
AUM₹5,237Cr
1Y Returns8.4%

Axis Corporate Debt Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.22% & 7.54%. The Axis Corporate Debt Fund comes under the Debt category of Axis Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Axis Corporate Debt Fund is ₹100 and for SIP, it is ₹100.

Min Investment Amt₹100
AUM₹5,386Cr
1Y Returns7.8%

Axis Ultra Short Term Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.21% & 6.17%. The Axis Ultra Short Term Fund comes under the Debt category of Axis Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Axis Ultra Short Term Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹4,596Cr
1Y Returns7.7%

Axis Money Market Fund Direct Growth

Fund Performance: The Axis Money Market Fund comes under the Debt category of Axis Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Axis Money Market Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹10,632Cr
1Y Returns7.7%

Axis Short Term Direct Fund Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.17% & 7.15%. The Axis Short Term Direct Fund comes under the Debt category of Axis Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Axis Short Term Direct Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹7,698Cr
1Y Returns7.7%

Axis Treasury Advantage Direct Fund Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.09% & 6.41%. The Axis Treasury Advantage Direct Fund comes under the Debt category of Axis Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Axis Treasury Advantage Direct Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹5,175Cr
1Y Returns7.6%

Axis Corporate Debt Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.97% & 6.83%. The Axis Corporate Debt Fund comes under the Debt category of Axis Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Axis Corporate Debt Fund is ₹100 and for SIP, it is ₹100.

Min Investment Amt₹100
AUM₹5,336Cr
1Y Returns7.4%

Axis All Seasons Debt FoF Direct Growth

Fund Performance: The Axis All Seasons Debt FoF Fund comes under the Other category of Axis Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Axis All Seasons Debt FoF Fund is ₹100 and for SIP, it is ₹100.

Min Investment Amt₹100
AUM₹172Cr
1Y Returns7.3%

Axis Treasury Advantage Direct Fund Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.92% & 6.44%. The Axis Treasury Advantage Direct Fund comes under the Debt category of Axis Mutual Funds.

Minimum Investment Amount: Lump sum minimum amount for Axis Treasury Advantage Direct Fund is ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹5,464Cr
1Y Returns7.5%

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