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 31st March 2021, the total asset under management (AuM) of this company stood at around Rs.196548.66 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.
List of undefined in India
| Fund Name | Category | Risk | 1Y Returns | Rating | Fund Size(in Cr) | |
|---|---|---|---|---|---|---|
| Axis Small Cap Fund | Equity | Very High | 19.1% | 5 | ₹9,261 | |
| Axis Growth Opportunities Fund | Equity | Very High | 8.5% | 5 | ₹7,445 | |
| Axis Midcap Fund | Equity | Very High | 8.0% | 5 | ₹17,679 | |
| Axis Bluechip Fund | Equity | Very High | 0.6% | 5 | ₹34,909 | |
| Axis Banking & PSU Debt Fund | Debt | Low to Moderate | 3.3% | 5 | ₹15,081 | |
| Axis Ultra Short Term Fund | Debt | Low to Moderate | 3.8% | 5 | ₹7,205 | |
| Axis Nifty Next 50 Index Fund | Other | Very High | N.A | 5 | ₹60 | |
| Axis Gold Fund | Other | High | 4.0% | 4 | ₹266 | |
| Axis Triple Advantage Fund | Hybrid | Very High | 3.9% | 4 | ₹1,722 | |
| Axis Flexi Cap Fund | Equity | Very High | 2.7% | 4 | ₹10,504 | |
| Axis Equity Hybrid Fund | Hybrid | Very High | 5.5% | 4 | ₹1,865 | |
| Axis Focused 25 Fund | Equity | Very High | -2.6% | 4 | ₹19,146 | |
| Axis Long Term Equity Fund | Equity | Very High | -3.8% | 4 | ₹31,656 | |
| Axis Equity Saver Fund | Hybrid | Moderately High | 4.9% | 4 | ₹1,238 | |
| Axis Gilt Fund | Debt | Low to Moderate | 2.0% | 4 | ₹127 | |
| View All |
Key information about Axis Asset Management Company Ltd.
| Mutual fund name | Axis Mutual Fund | |||||
| Asset management company name | Axis Asset Management Company Ltd. | |||||
| AMC Setup Date | 4 September 2009 | |||||
| AMC Incorporation Date | 13 January 2009 | |||||
| Sponsor name | Axis Bank Limited | |||||
| Trustee organisation | Axis Mutual Fund Trustee Limited | |||||
| Name of trustees | Mr. Radhakrishnan Nair | Mrs. Vijayalakshmi Iyer | Mr. G. Gopalakrishna | Mr. Venkat Chalasani | Mr. Rudrapriya Ray | Mr. Murray Coble |
| MD and CEO | Mr. Chandresh Kumar Nigam | |||||
| CIO | Mr. Jinesh Gopani (Equity) and Mr. R Sivakumar (Fixed Income) | |||||
| Compliance Officer | Mr. Darshan Kapadia | |||||
| Investor Service Officer | Mr. Milind Vengurlekar | |||||
| Total AUM (as of end of last quarter) | Rs. 253906 Cr. |
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How can you invest in ?
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 an existing Axis Bank account holder
- The applicant should be KYC Compliant
- The status of the Savings Bank Account needs to be Single or Either/Survivor
- The Account Opening Application Form needs to be signed by all the Bank Account Holders
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. 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 Small Cap Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 29.47% & 20.09%. 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 ₹5,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹9,261Cr |
| 1Y Returns | 19.1% |
Axis Growth Opportunities Fund Direct Growth
Fund Performance: 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 ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹7,445Cr |
| 1Y Returns | 8.5% |
Axis Midcap Direct Plan Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 21.51% & 17.87%. The Axis Midcap Fund comes under the Equity category of Axis Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Axis Midcap Fund is ₹5,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹17,679Cr |
| 1Y Returns | 8.0% |
Axis Bluechip Fund Direct Plan Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 12.81% & 14.16%. The Axis Bluechip Fund comes under the Equity category of Axis Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Axis Bluechip Fund is ₹5,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹34,909Cr |
| 1Y Returns | 0.6% |
Axis Banking & PSU Debt Direct Plan Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.14% & 7.51%. The Axis Banking & PSU Debt Fund comes under the Debt category of Axis Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Axis Banking & PSU Debt Fund is ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹15,081Cr |
| 1Y Returns | 3.3% |
Axis Ultra Short Term Fund Direct Growth
Fund Performance: 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 | ₹7,205Cr |
| 1Y Returns | 3.8% |
Axis Nifty Next 50 Index Fund Direct Growth
Fund Performance: The Axis Nifty Next 50 Index Fund comes under the Other category of Axis Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Axis Nifty Next 50 Index Fund is ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹60Cr |
| 1Y Returns | NA |
Axis Gold Direct Plan Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 15.6% & 11.34%. 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 ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹266Cr |
| 1Y Returns | 4.0% |
Axis Triple Advantage Direct Plan Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 14.23% & 11.34%. The Axis Triple Advantage Fund comes under the Hybrid category of Axis Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Axis Triple Advantage Fund is ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹1,722Cr |
| 1Y Returns | 3.9% |
Axis Flexi Cap Fund Direct Growth
Fund Performance: The Axis Flexi Cap Fund comes under the Equity category of Axis Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Axis Flexi Cap Fund is ₹5,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹10,504Cr |
| 1Y Returns | 2.7% |
Axis Equity Hybrid Fund Direct Growth
Fund Performance: The Axis Equity Hybrid Fund comes under the Hybrid category of Axis Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Axis Equity Hybrid Fund is ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹1,865Cr |
| 1Y Returns | 5.5% |
Axis Focused 25 Direct Plan Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 12.85% & 12.3%. The Axis Focused 25 Fund comes under the Equity category of Axis Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Axis Focused 25 Fund is ₹5,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹19,146Cr |
| 1Y Returns | -2.6% |
Axis Long Term Equity Direct Plan Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 12.06% & 11.94%. The Axis Long Term Equity Fund comes under the Equity category of Axis Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Axis Long Term Equity Fund is ₹500 and for SIP, it is ₹500.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹31,656Cr |
| 1Y Returns | -3.8% |
Axis Equity Saver Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 8.84% & 8.85%. The Axis Equity Saver Fund comes under the Hybrid category of Axis Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Axis Equity Saver Fund is ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹1,238Cr |
| 1Y Returns | 4.9% |
Axis Gilt Fund Direct Plan Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 8.48% & 7.13%. The Axis Gilt Fund comes under the Debt category of Axis Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Axis Gilt Fund is ₹5,000 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹127Cr |
| 1Y Returns | 2.0% |
FAQs on Axis Mutual Fund
How to Start Axis Mutual Fund SIP Online?
One can start investing in Axis Mutual Fund online through Groww without any hassles. Alternatively, they can also invest through the respective fund houses’ website. One can also make use of any other online platform or mobile application to invest in Axis Mutual Funds.
How to Calculate Axis Mutual Fund SIP?
To calculate Axis Mutual Fund SIP, one needs to take into account certain things such as:
- the investment amount
- the tenure of SIP
- the number of your Axis Mutual Fund SIPs (if there's any) already paid
- expected interest rate
How to redeem Axis Mutual Fund?
To redeem Axis Mutual Funds through offline mode, one can visit the nearest fund house and submit a form. Alternatively, an investor can also visit the official website and redeem the investment by signing in with the folio number. They can also withdraw their Axis Mutual Fund investments from any online portal where they have invested.
How to increase SIP amount in axis mutual fund?
An Axis Mutual Fund sip amount can be increased with the help of Step-up or top-up SIPs. Earlier, this facility was provided by very few fund houses. Now, however, most of them offer it but it is advisable to check with the fund house first. If the facility is available, it is advisable to check with Step-up Calculator to calculate the SIP Amount and then take any decision.
How to stop a SIP in an Axis Mutual Fund online?
Yes, you can stop your SIP online at any time by just placing a Cancel SIP request. To stop or cancel your SIP, you can either log in to the Axis Mutual Funds website with a folio number or contact your agent or check the steps on the online investment platform where you have invested.
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