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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, 2022, the AMC has reported Assets Under Management (AMU) for schemes of Axis Mutual Funds at Rs. 2,60,335.18 for the quarter.

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 undefined in India

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Axis Small Cap FundEquityVery High9.9%5₹10,436
Axis Midcap FundEquityVery High0.6%5₹19,504
Axis Growth Opportunities FundEquityVery High-2.4%5₹8,476
Axis Bluechip FundEquityVery High-6.6%5₹36,980
Axis Corporate Debt FundDebtLow to Moderate3.5%5₹3,367
Axis Banking & PSU Debt FundDebtLow to Moderate3.2%5₹13,872
Axis Arbitrage FundHybridLow4.7%5₹4,395
Axis Gold FundOtherHigh8.5%4₹263
Axis Strategic Bond FundDebtModerate3.7%4₹1,690
Axis Credit Risk FundDebtModerately High4.2%4₹666
Axis Short Term Direct FundDebtModerate3.4%4₹7,564
Axis Gilt FundDebtModerate1.9%4₹126
Axis Treasury Advantage Direct FundDebtLow to Moderate4.0%4₹5,440
Axis Ultra Short Term FundDebtModerate4.3%4₹5,704
Axis Money Market FundDebtLow to Moderate4.2%4₹4,421
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 NairMrs. Vijayalakshmi IyerMr. G. GopalakrishnaMr. Venkat ChalasaniMr. Rudrapriya RayMr. Murray Coble
MD and CEOMr. Chandresh Kumar Nigam
CIOMr. Jinesh Gopani (Equity) and Mr. R Sivakumar (Fixed Income)
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 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 15 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 29.79% & 21.47%. 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₹10,436Cr
1Y Returns9.9%

Axis Midcap Direct Plan Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 23.41% & 18.84%. 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₹19,504Cr
1Y Returns0.6%

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₹8,476Cr
1Y Returns-2.4%

Axis Bluechip Fund Direct Plan Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 12.92% & 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₹36,980Cr
1Y Returns-6.6%

Axis Corporate Debt Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.24% & 7.28%. 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 ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹3,367Cr
1Y Returns3.5%

Axis Banking & PSU Debt Direct Plan Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.1% & 7.2%. 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₹13,872Cr
1Y Returns3.2%

Axis Arbitrage Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 4.81% & 5.61%. 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 ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹4,395Cr
1Y Returns4.7%

Axis Gold Direct Plan Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 9.68% & 10.67%. 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₹263Cr
1Y Returns8.5%

Axis Strategic Bond Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.49% & 7.22%. 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 ₹5,000 and for SIP, it is ₹1,000.

Min Investment Amt₹5,000
AUM₹1,690Cr
1Y Returns3.7%

Axis Credit Risk Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.36% & 6.67%. The Axis Credit Risk Fund comes under the Debt category of Axis Mutual Funds.

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

Min Investment Amt₹5,000
AUM₹666Cr
1Y Returns4.2%

Axis Short Term Direct Fund Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.7% & 7.19%. 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₹7,564Cr
1Y Returns3.4%

Axis Gilt Fund Direct Plan Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.48% & 6.89%. 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₹126Cr
1Y Returns1.9%

Axis Treasury Advantage Direct Fund Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.59% & 6.64%. 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₹5,440Cr
1Y Returns4.0%

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₹5,704Cr
1Y Returns4.3%

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₹4,421Cr
1Y Returns4.2%

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