Axis Mutual Fund
Axis Asset Management Company Ltd., the formal name of Axis Mutual Fund, is the mutual fund investment wing of Axis Bank, the 3 rd largest private bank 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 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 31st March 2019, the total asset under management (AuM) of this company stood at around Rs. 89,700 Crore.
Axis Asset Management Company Ltd. is present in more than 90 cities India. It has over 20 Lakh investors and offers more than 170 investment schemes.
Top Performing Axis Mutual Funds
| Fund Name | Category | Risk | 1Y Returns | Rating | Fund Size(in Cr) | |
|---|---|---|---|---|---|---|
| Axis Midcap Fund | Equity | Moderately High | 22.9% | 5star | ₹6,949 | |
| Axis Bluechip Fund | Equity | Moderately High | 13.0% | 5star | ₹18,283 | |
| Axis Focused 25 Fund | Equity | Moderately High | 14.2% | 5star | ₹11,895 | |
| Axis Banking & PSU Debt Fund | DEBT | Moderately Low | 9.8% | 5star | ₹18,606 | |
| Axis Short Term Fund | DEBT | Moderately Low | 10.9% | 5star | ₹12,288 | |
| Axis Treasury Advantage Fund | Debt | Moderately Low | 7.8% | 5star | ₹8,819 | |
| Axis Multicap Fund | Equity | Moderately High | 13.0% | 4star | ₹6,509 | |
| Axis Long Term Equity Fund | Equity | Moderately High | 14.6% | 4star | ₹22,632 | |
| Axis Small Cap Fund | Equity | Moderately High | 21.8% | 4star | ₹2,984 | |
| Axis Dynamic Bond Fund | Debt | Moderate | 13.1% | 4star | ₹1,184 | |
| Axis Gilt Fund | Debt | Moderate | 13.4% | 4star | ₹153 | |
| Axis Equity Saver Fund | Hybrid | Moderately High | 9.0% | 4star | ₹682 | |
| Axis Credit Risk Fund | Debt | Moderate | 9.4% | 4star | ₹557 | |
| Axis Liquid Fund | Debt | Low | 4.5% | 4star | ₹26,509 | |
| Axis Overnight Fund | Debt | Low | 3.7% | 4star | ₹5,347 | |
| View All Top Performing Axis Mutual Funds |
Key information
| Mutual fund | Axis Mutual Fund | |||||||
|---|---|---|---|---|---|---|---|---|
| Asset management company | Axis Asset Management Company Ltd. | |||||||
| Founded | 4 September 2009 | |||||||
| Incorporated | 13 January 2009 | |||||||
| Sponsors | Axis Bank Limited | |||||||
| Trustee | Axis Mutual Fund Trustee Limited | |||||||
| Name of trustees | Dr. T. C. Nair (Chairman) | Mr. Uday M. Chitale (Director) | Mr. Radhakrishnan Nair (Director) | Mr. Murray Alan Coble (Director) | Mr. Kedar Desai (Director) | Mr. Bapi Munshi (Director) | ||
| CEO | Mr. Chandresh Kumar Nigam | |||||||
| COO | Mr. Gopal Menon | |||||||
| Directors | Ms. Sonia Singh | Mr. U. R. Bhat | Mr. Shailendra Bhandari | Mr. R. K. Bammi | Mr. Lieven Debruyne | Mr. Chandresh Kumar Nigam | Mr. Ashok Sinha | Mr. Amitabh Chaudhry |
| Head of sales | Mr. Manesh Thakur | |||||||
| Head of fixed income | Mr. R. Sivakumar | |||||||
| Head of equity | Mr. Jinesh Gopani | |||||||
| Company secretary | Mr. Lalit Taparia | |||||||
| Investor Service Officer | Mr. Milind Vengurlekar | |||||||
| Compliance Officer | Mr. Darshan Kapadia |
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How can you invest in Axis Mutual Funds?
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. Anupam Tiwari
Anupam Tiwari is the Fund Manager of Equity of Axis Mutual Funds since 2016. He was also the Senior Equity Analyst at Reliance Capital Asset Management Company Ltd., where he primarily functioned across sectors including infrastructure, utilities, media, and capital goods.
Mr. Tiwari also managed mid cap and large cap portfolios as Equity Fund Manager in Reliance Life Insurance Company Limited later on. He also held the same position at Principal PNB Mutual Fund after moving on from the previous company.
Few of the funds that Anupam Tiwari manages are Axis Small Cap Fund, Axis Equity Saver Fund, and Axis Dynamic Equity Fund.
4. 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.
5. Mr. Viresh Joshi
Viresh Joshi functions as the Fund Manager and the Chief Trader at Axis. An MBA in Finance, he has a capital market experience of more than 20 years.
He has represented domestic buy side investors of ETFs, equity derivatives, and equity at several round-table conferences like TradeTech and FIX. Mr. Joshi was previously associated with ICICI Securities and BNP Paribas Securities.
6. 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.
Let's have a closer look
Now let us jump and check about these top 10 mutual fund schemes.
Axis Midcap Direct Plan Growth
Fund Performance: This fund has consistently performed above the benchmark in Mid Cap segment. It has given a commendable 14.39% annual returns in the last three years. In the previous year, it delivered 22.87% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹6,949Cr |
| 1Y Returns | 22.9% |
Axis Bluechip Fund Direct Plan Growth
Fund Performance: This fund has consistently performed above the benchmark in Large Cap segment. It has given a commendable 14.26% annual returns in the last three years. In the previous year, it delivered 12.99% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹18,283Cr |
| 1Y Returns | 13.0% |
Axis Focused 25 Direct Plan Growth
Fund Performance: This fund has consistently performed above the benchmark in Focused segment. It has given a commendable 12.06% annual returns in the last three years. In the previous year, it delivered 14.16% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹11,895Cr |
| 1Y Returns | 14.2% |
Axis Banking & PSU Debt Direct Plan Growth
Fund Performance: This fund has consistently performed above the benchmark in Banking and PSU segment. It has given a commendable 9.61% annual returns in the last three years. In the previous year, it delivered 9.82% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹1,000. It is one of most notable DEBT mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹18,606Cr |
| 1Y Returns | 9.8% |
Axis Short Term Direct Fund Growth
Fund Performance: This fund has consistently performed above the benchmark in Short Duration segment. It has given a commendable 9.33% annual returns in the last three years. In the previous year, it delivered 10.87% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹1,000. It is one of most notable DEBT mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹12,288Cr |
| 1Y Returns | 10.9% |
Axis Treasury Advantage Direct Fund Growth
Fund Performance: This fund has consistently performed above the benchmark in Low Duration segment. It has given a commendable 8.27% annual returns in the last three years. In the previous year, it delivered 7.8% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹1,000. It is one of most notable Debt mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹8,819Cr |
| 1Y Returns | 7.8% |
Axis Multicap Fund Direct Growth
Fund Performance: This fund has consistently performed above the benchmark in Multi Cap segment. It has given a commendable 13.79% annual returns in the last three years. In the previous year, it delivered 13.03% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹6,509Cr |
| 1Y Returns | 13.0% |
Axis Long Term Equity Direct Plan Growth
Fund Performance: This fund has consistently performed above the benchmark in ELSS segment. It has given a commendable 12.15% annual returns in the last three years. In the previous year, it delivered 14.62% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹22,632Cr |
| 1Y Returns | 14.6% |
Axis Small Cap Fund Direct Growth
Fund Performance: This fund has consistently performed above the benchmark in Small Cap segment. It has given a commendable 11.17% annual returns in the last three years. In the previous year, it delivered 21.79% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹2,984Cr |
| 1Y Returns | 21.8% |
Axis Dynamic Bond Direct Fund Growth
Fund Performance: This fund has consistently performed above the benchmark in Dynamic segment. It has given a commendable 10.45% annual returns in the last three years. In the previous year, it delivered 13.13% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹1,000. It is one of most notable Debt mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹1,184Cr |
| 1Y Returns | 13.1% |
Axis Gilt Fund Direct Plan Growth
Fund Performance: This fund has consistently performed above the benchmark in Gilt segment. It has given a commendable 10.07% annual returns in the last three years. In the previous year, it delivered 13.36% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹1,000. It is one of most notable Debt mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹153Cr |
| 1Y Returns | 13.4% |
Axis Equity Saver Fund Direct Growth
Fund Performance: This fund has consistently performed above the benchmark in Equity Savings segment. It has given a commendable 8.65% annual returns in the last three years. In the previous year, it delivered 8.97% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹1,000. It is one of most notable Hybrid mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹682Cr |
| 1Y Returns | 9.0% |
Axis Credit Risk Fund Direct Growth
Fund Performance: This fund has consistently performed above the benchmark in Credit Risk segment. It has given a commendable 7.25% annual returns in the last three years. In the previous year, it delivered 9.36% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹1,000. It is one of most notable Debt mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹557Cr |
| 1Y Returns | 9.4% |
Axis Liquid Direct Fund Growth
Fund Performance: This fund has consistently performed above the benchmark in Liquid segment. It has given a commendable 6.28% annual returns in the last three years. In the previous year, it delivered 4.54% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Debt mutual funds in India.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹26,509Cr |
| 1Y Returns | 4.5% |
Axis Overnight Fund Direct Growth
Fund Performance: This fund has consistently performed above the benchmark in Overnight segment. In the previous year, it delivered 3.7% returns.
Why to invest: This fund has performed better than other funds in the same category. It is one of most notable Debt mutual funds in India.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹5,347Cr |
| 1Y Returns | 3.7% |
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