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Best Axis Debt Mutual Funds

Established in 2009, Axis Mutual Fund is one of the largest asset management companies in India. It began operations as a joint venture between Schroder Singapore Private Limited (SSHPL) and Axis Bank. As of the quarter ending June 2020, this fund house manages assets worth Rs.1.34 lakh crore. 

Axis Mutual Fund offers more than 40 MF schemes. These investment options include hybrid schemes, equity schemes, and the best Axis debt mutual funds, among others.

A debt fund is a type of mutual fund that invests primarily in fixed-income securities. These distribute wealth in an array of money-market instruments, such as debentures, treasury bills, commercial papers, government securities, corporate bonds, among others.

These investment instruments come with a pre-decided maturity date and rate of interest. As a result, the yields received by debt MF investors depend upon the interest earned. Therefore, debt mutual funds are also called fixed-income funds.

Premised upon these features, an investment in debt mutual funds can have a number of benefits as well as drawbacks. The best Axis debt mutual funds 2023 tend to offer stable returns, high liquidity, and more flexibility. As debt funds invest in fixed-income avenues, they dilute the associated risks of investment.

Moreover, given that debt MFs are less volatile, investments in these funds are less risky than other aggressive investment tools, such as equity mutual funds. On the flip side, debt funds generally offer lower returns compared to their equity counterparts.

Axis Mutual Fund offers approximately 13 schemes under its category of debt funds. These plans include several short- and long-term options in their investment portfolio.

Factors to Consider Before Investing

When investing in any of the top Axis debt mutual funds, it is critical to have an elementary idea of a number of factors. A clear understanding of these parameters can assist prospective investors in making sound investment decisions. 

Investment goal: Prior to investing in the best Axis debt mutual funds, one must evaluate his/her objective of investment. Investors can select a scheme based on their financial goals and the timeframe within which they wish to accomplish them. 

Risk appetite: Mutual fund investments are subject to different types of risks. Therefore, it is essential to ascertain your tolerance for the same before investing. Generally, debt funds are less vulnerable to market risks but subject to interest rate, inflation, and credit risks. A fundamental understanding of the associated risks can help investors determine the best Axis debt mutual fund for them.

Past performance: It is vital to review the previous performance of any mutual fund before investing. Although past performance does not necessarily determine a scheme’s probable returns, it certainly offers valuable insights for investors to gauge future returns under similar market conditions. 

Expense ratio: Asset management companies levy an annual charge denoted in terms of percentage. It is charged to account for operating and administrative expenses an AMC incurs in managing a scheme, for instance, fund manager’s fee. This amount is deducted from the generated returns. For instance, let’s say that an investor realises approximately 6% returns from a debt MF and its expense ratio is 1.5%. Therefore, his/her final return will be 4.5%.

Exit load: Fund houses charge an exit load from investors if they divest from an MF scheme either fully or partially within a specific period. However, some schemes may not include any exit load. So, it is wise to scan through these aspects beforehand. 

Credit risk of portfolio constituents: Credit rating agencies in India examine the creditworthiness of issuers of fixed-income securities. Debt securities with a low credit risk receive an ‘AAA’ rating. On the other hand, securities with a high default risk receive a ‘C’ credit rating. Note that instruments with high credit rating deliver less significant returns than components with a poor rating typically. 

Assets under management: Debt funds with larger assets under management (or a high AUM) usually distribute fixed fund expense across their investors, with each person bearing a minimal load of such costs. A large fund size, therefore, signals a lower expense ratio per investor, which is also reflected in its returns.

Taxability

Alongside a comprehensive understanding of such aspects, it is also imperative to know about the taxability of the best Axis debt mutual funds. These funds are subject to two kinds of taxation based upon their holding period: STCG tax and LTCG tax.

STCG tax: When investors redeem their funds before 3 years, their gains are added to their taxable income and taxed as per their income tax slab rate. For instance, if an individual falls in the 10% income slab, they shall pay 10% tax + cess on their profits.

LTCG tax: Proceeds from debt mutual funds redeemed after a period of 3 years are subject to 20% tax along with indexation benefits.

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List of Axis Debt Mutual Funds in India

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Axis Bluechip Fund
EquityVery High23.6%2₹32,675
Axis Long Term Equity Fund
EquityVery High16.4%1₹31,135
Axis ELSS Tax Saver Fund
EquityVery High28.6%1₹33,526
Axis Midcap Fund
EquityVery High34.6%3₹24,533
Axis Focused 25 Fund
EquityVery High24.3%1₹13,861
Axis Liquid Direct Fund
DebtLow to Moderate7.3%4₹25,538
Axis Flexi Cap Fund
EquityVery High26.6%2₹11,375
Axis Small Cap Fund
EquityVery High42.0%5₹19,530
Axis Short Term Direct Fund
DebtModerate7.9%4₹7,541
Axis Nifty 100 Index Fund
OtherModerately High29.1%2₹1,184
View All

Let's have a closer look

Now let us jump and check about these top 10 mutual fund schemes.

Axis Bluechip Fund Direct Plan Growth

Fund Performance: The Axis Bluechip Fund has given 10.85% annualized returns in the past three years and 15.58% in the last 5 years. The Axis Bluechip Fund comes under the Equity category of Axis Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Axis Bluechip Fund via lump sum is ₹100 and via SIP is ₹100.

Min Investment Amt₹100
AUM₹32,675Cr
1Y Returns23.6%

Axis Long Term Equity Direct Plan Growth

Fund Performance: The Axis Long Term Equity Fund has given 12.19% annualized returns in the past three years and 14.02% in the last 5 years. The Axis Long Term Equity Fund comes under the Equity category of Axis Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Axis Long Term Equity Fund via lump sum is ₹500 and via SIP is ₹500.

Min Investment Amt₹500
AUM₹31,135Cr
1Y Returns16.4%

Axis ELSS Tax Saver Direct Plan Growth

Fund Performance: The Axis ELSS Tax Saver Fund has given 9.79% annualized returns in the past three years and 15.49% in the last 5 years. The Axis ELSS Tax Saver Fund comes under the Equity category of Axis Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Axis ELSS Tax Saver Fund via lump sum is ₹500 and via SIP is ₹500.

Min Investment Amt₹500
AUM₹33,526Cr
1Y Returns28.6%

Axis Midcap Direct Plan Growth

Fund Performance: The Axis Midcap Fund has given 19.5% annualized returns in the past three years and 22.54% in the last 5 years. The Axis Midcap Fund comes under the Equity category of Axis Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Axis Midcap Fund via lump sum is ₹100 and via SIP is ₹100.

Min Investment Amt₹100
AUM₹24,533Cr
1Y Returns34.6%

Axis Focused 25 Direct Plan Growth

Fund Performance: The Axis Focused 25 Fund has given 7.24% annualized returns in the past three years and 14.22% in the last 5 years. The Axis Focused 25 Fund comes under the Equity category of Axis Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Axis Focused 25 Fund via lump sum is ₹100 and via SIP is ₹100.

Min Investment Amt₹100
AUM₹13,861Cr
1Y Returns24.3%

Axis Liquid Direct Fund Growth

Fund Performance: The Axis Liquid Direct Fund has given 5.34% annualized returns in the past three years and 5.29% in the last 5 years. The Axis Liquid Direct Fund comes under the Debt category of Axis Mutual Funds.

Min Investment Amt₹500
AUM₹25,538Cr
1Y Returns7.3%

Axis Flexi Cap Fund Direct Growth

Fund Performance: The Axis Flexi Cap Fund has given 12.33% annualized returns in the past three years and 16.52% in the last 5 years. The Axis Flexi Cap Fund comes under the Equity category of Axis Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Axis Flexi Cap Fund via lump sum is ₹100 and via SIP is ₹100.

Min Investment Amt₹100
AUM₹11,375Cr
1Y Returns26.6%

Axis Small Cap Fund Direct Growth

Fund Performance: The Axis Small Cap Fund has given 29.83% annualized returns in the past three years and 29.74% in the last 5 years. The Axis Small Cap Fund comes under the Equity category of Axis Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Axis Small Cap Fund via lump sum is ₹100 and via SIP is ₹100.

Min Investment Amt₹100
AUM₹19,530Cr
1Y Returns42.0%

Axis Short Term Direct Fund Growth

Fund Performance: The Axis Short Term Direct Fund has given 5.8% annualized returns in the past three years and 7.45% in the last 5 years. The Axis Short Term Direct Fund comes under the Debt category of Axis Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Axis Short Term Direct Fund via lump sum is ₹5,000 and via SIP is ₹1,000.

Min Investment Amt₹5,000
AUM₹7,541Cr
1Y Returns7.9%

Axis Nifty 100 Index Fund Direct Growth

Fund Performance: The Axis Nifty 100 Index Fund comes under the Other category of Axis Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Axis Nifty 100 Index Fund via lump sum is ₹100 and via SIP is ₹100.

Min Investment Amt₹100
AUM₹1,184Cr
1Y Returns29.1%

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