Axis Mutual Fund, managed by Axis Asset Management Company Ltd., represents the investment arm of Axis Bank, one of India’s leading private banking institutions. A majority stake of 74.99% in the AMC is held by Axis Bank, with Schroder Singapore Holdings Private Limited owning a 24% share.
Established in October 2009, Axis Mutual Fund stands on three fundamental principles:
With an impressive Assets Under Management (AUM) totaling Rs. 2.6 lakh crores as of March 31, 2023, the AMC showcases its significant presence in the mutual fund market.
Axis Mutual Fund operates on a global scale, with 31 investment teams spread across 19 countries, covering regions from the Middle East to Europe, the Americas, and Asia. The diverse range of over 53 investment schemes caters to the varied financial goals and risk profiles of investors.
With a footprint in more than 100 cities across India, Axis Mutual Fund maintains a strong presence and has cultivated a substantial base of over 98 lakh active investor accounts. This widespread reach is a testament to its commitment to making investment opportunities accessible to a broader segment of the Indian population.
| Scheme Name (Direct Plan) | Crisil Rank | Equity Allocation (%) | 3-Year CAGR | 1-Year Return | AUM (Cr.) | Category | Investment Focus |
|---|---|---|---|---|---|---|---|
| Axis Bluechip Fund | 5★ | 65-80% | 23.8% | 28.2% | 8,929.29 | Large Cap | Invests in large-cap companies for stable growth and capital appreciation. |
| Axis Long Term Equity Fund | 5★ | 65-80% | 20.4% | 22.6% | 14,294.98 | Large Cap | Invests in large-cap companies for long-term wealth creation. |
| Axis Midcap Fund | 4★ | 65-80% | 24.2% | 30.1% | 5,784.54 | Mid Cap | Invests in mid-cap companies with high growth potential. |
| Axis Small Cap Fund | 4★ | 65-80% | 27.8% | 35.9% | 8,006.00 | Small Cap | Invests in small-cap companies with high growth potential but higher risk. |
| Axis Equity Opportunities Fund | 4★ | 65-80% | 18.7% | 24.3% | 2,653.25 | Aggressive Hybrid | Higher equity exposure for potential capital appreciation. |
| Axis Balanced Advantage Fund | 4★ | 35-65% | 16.0% | 16.0% | 3,189.56 | Balanced Hybrid | Moderate equity & debt mix for capital appreciation & income. |
| Axis Retirement Benefit 2045 | 4★ | 50-70% | 13.2% | 14.3% | 13,033.53 | Balanced Hybrid | Moderate equity & debt mix for capital appreciation & income, targeted for retirement in 2045. |
| Axis Regular Saver Fund Direct -Growth | 4★ | 30-50% | 10.6% | 10.4% | 6,450.82 | Equity Savings | Lower equity exposure for capital preservation with income generation. |
| Axis Corporate Debt Short Duration Fund | 4★ | 80-100% | 7.4% | 8.6% | 1,739.58 | Corporate Debt | Invests in high-quality corporate bonds for moderate risk and returns. |
| Axis Short Term Income Fund | 4★ | 65-80% | 4.9% | 3.7% | 4,994.28 | Fixed Income & Short-term Debt | Low-risk, stable returns through high-quality debt instruments. |
| Information | Details |
|---|---|
| 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. |
Axis Bluechip Fund is designed for stability and steady growth, investing predominantly in well-established companies with large market capitalizations, known as ‘bluechip’ companies. With an AUM of Rs. 8,929.29 crores, it’s one of the preferred choices for investors aiming for consistent returns with relatively lower volatility. It’s managed with a strategy that involves thorough analysis of company fundamentals and market conditions, which has resulted in a robust 3-year CAGR of 23.8%. This fund is particularly suitable for conservative investors who are entering the equity market and want exposure to top-tier companies in India.
This fund is a go-to option for investors seeking tax benefits along with long-term capital growth. With an AUM of Rs. 14,294.98 crores and a 3-year CAGR of 20.4%, the Axis Long Term Equity Fund is aimed at generating substantial returns over an extended investment horizon. It primarily invests in large-cap stocks, which tend to be less volatile than their mid and small-cap counterparts. The fund qualifies for deductions under Section 80C, making it a tax-efficient investment. Investors looking to build a nest egg for the future, such as saving for retirement or a child’s education, might find this fund appealing.
Axis Midcap Fund Mid-cap companies often offer a sweet spot between the rapid growth potential of small caps and the stability of large caps, and the Axis Midcap Fund taps into this potential. With a 24.2% 3-year CAGR, this fund with an AUM of Rs. 5,784.54 crores looks to invest in mid-sized companies that demonstrate scalability and robust business models. This fund is suited for investors who are willing to accept moderate levels of risk for the chance of higher growth over the medium to long term.
The Axis Small Cap Fund, with an AUM of Rs. 8,006.00 crores, is tailored for investors with a higher risk appetite looking to capitalize on the rapid growth trajectory of small-cap companies. These companies, while more volatile, offer significant upside potential and the fund’s 3-year CAGR of 27.8% is indicative of its growth-focused strategy. The fund’s management team applies a rigorous selection process to identify small-cap companies with innovative business models and sustainable competitive advantages.
With a diverse portfolio across various market capitalizations, the Axis Equity Opportunities Fund, holding an AUM of Rs. 2,653.25 crores, is designed for investors seeking aggressive capital appreciation. The fund has delivered a 3-year CAGR of 18.7%, and its 4-star Crisil rank reflects a well-managed, growth-oriented investment strategy. The fund’s team focuses on identifying companies with strong growth prospects and resilience to economic fluctuations.
The Axis Balanced Advantage Fund offers a balanced approach with a mix of equity and debt, aiming for both capital appreciation and income generation. Its AUM stands at Rs. 3,189.56 crores, and it has achieved a 3-year CAGR of 16.0%. This fund dynamically adjusts its asset allocation between equity and debt, depending on market conditions, making it a suitable choice for investors looking for a blend of growth and income with reduced risk.
Designed with a target retirement date in mind, the Axis Retirement Benefit 2045 fund, with an AUM of Rs. 13,033.53 crores, focuses on investors who are planning for retirement. With a 3-year CAGR of 13.2%, this fund provides a mix of equity and debt to balance growth with capital preservation as the investor approaches retirement. The fund gradually shifts its allocation to more conservative assets as the target date approaches, ensuring a lower risk profile over time.
For investors prioritizing capital preservation while seeking some income, the Axis Regular Saver Fund is an ideal choice. It maintains an AUM of Rs. 6,450.82 crores and has generated a 3-year CAGR of 10.6%. The fund invests in a combination of equities and debt, leaning towards a conservative asset allocation to protect capital while still providing an opportunity for income through dividends and interest.
This fund is focused on corporate debt securities, aiming to provide moderate returns with a lower risk profile. With an AUM of Rs. 1,739.58 crores, the Axis Corporate Debt Short Duration Fund has a 3-year CAGR of 7.4%, appealing to investors who are risk-averse but still want higher returns than traditional savings instruments. The fund invests in high-quality bonds from reputable corporations, offering a balance between risk and return.
For those seeking a safe and stable investment option, the Axis Short Term Income Fund with an AUM of Rs. 4,994.28 crores provides low-risk returns through investment in short-term debt instruments. With a 3-year CAGR of 4.9%, the fund is managed with a focus on high-quality debt that can deliver steady returns. It’s an excellent option for conservative investors or as a portion of a larger, diversified investment portfolio.
| Scheme Name (Direct Plan) | Crisil Rank | Equity Allocation (%) | 3-Year CAGR | 1-Year Return | AUM (Cr.) | Category | Investment Focus | Additional Details |
|---|---|---|---|---|---|---|---|---|
| Axis Bluechip Fund | 5★ | 65-80% | 23.8% | 28.2% | 8,929.29 | Large Cap | Stable growth & capital appreciation through large-cap companies. | Low volatility, suitable for conservative investors seeking long-term wealth creation. |
| Axis Long Term Equity Fund | 5★ | 65-80% | 20.4% | 22.6% | 14,294.98 | Large Cap | Long-term wealth creation through large-cap companies. | Consistent track record, ideal for long-term goals like retirement planning. |
| Axis Midcap Fund | 4★ | 65-80% | 24.2% | 30.1% | 5,784.54 | Mid Cap | High growth potential in mid-cap companies. | Higher risk than large-cap but potentially larger returns, suitable for moderately aggressive investors. |
| Axis Small Cap Fund | 4★ | 65-80% | 27.8% | 35.9% | 8,006.00 | Small Cap | Highest growth potential but highest risk with small-cap companies. | Suitable for investors with high risk tolerance seeking aggressive capital appreciation. |
| Axis Equity Opportunities Fund | 4★ | 65-80% | 18.7% | 24.3% | 2,653.25 | Aggressive Hybrid | Higher equity exposure for potential capital appreciation with a mix of debt. | Offers greater diversification compared to pure equity funds but carries higher risk. |
| Scheme Name (Direct Plan) | Crisil Rank | Duration | Maturity | 3-Year CAGR | 1-Year Return | AUM (Cr.) | Investment Focus | Additional Details |
|---|---|---|---|---|---|---|---|---|
| Axis Short Term Income Fund | 4★ | Short-term | N/A | 4.9% | 3.7% | 4,994.28 | Low-risk, stable returns | Invests in high-quality debt instruments for capital preservation and regular income. |
| Axis CRISIL IBX AAA Bond Fund | 4★ | Short-term | March 2024 | 7.6% | 7.6% | 1,409.30 | Predictable returns | Targets AAA-rated bonds maturing in March 2024 for predictable returns at maturity. |
| Axis Corporate Debt Short Duration Fund | 4★ | Short-term | N/A | 7.4% | 8.6% | 1,739.58 | Moderate risk & returns | Invests in high-quality corporate bonds for moderate risk and potentially higher returns than government bonds. |
| Axis Medium Term Debt Fund | 4★ | Medium-term | N/A | 7.7% | 8.8% | 3,798.26 | Balanced risk-reward | Focuses on investment grade bonds across maturities for balanced risk and potential capital appreciation. |
| Axis Bond Savings Fund | 3★ | Long-term | N/A | 8.0% | 9.2% | 1,642.53 | Long-term capital appreciation & income | Invests in government and corporate bonds for long-term capital appreciation and steady income generation. |
| Scheme Name (Direct Plan) | Crisil Rank | Equity Allocation (%) | Debt Allocation (%) | 3-Year CAGR | 1-Year Return | AUM (Cr.) | Investment Focus | Additional Details |
|---|---|---|---|---|---|---|---|---|
| Axis Balanced Advantage Fund | 4★ | 35-65% | 65-35% | 16.0% | 16.0% | 3,189.56 | Moderate equity & debt mix | Aims for capital appreciation and income through a balanced equity-debt approach. |
| Axis Retirement Benefit 2045 | 4★ | 50-70% | 50-30% | 13.2% | 14.3% | 13,033.53 | Targeted for retirement | Dynamic asset allocation strategy adjusted over time to provide capital appreciation until 2045 and income thereafter. |
| Axis Equity Opportunities Fund | 4★ | 65-80% | 20-40% | 18.7% | 24.3% | 2,653.25 | Higher equity potential | Aims for capital appreciation with higher equity exposure and a mix of debt for stability. |
| Axis Flexi Balanced Advantage Fund | 3★ | 20-80% | 20-80% | 17.3% | 12.1% | 1,279.98 | Dynamic asset allocation | Actively adjusts equity-debt ratio based on market conditions for potential growth and stability. |
| Axis Regular Saver Fund Direct -Growth | 4★ | 30-50% | 50-70% | 10.6% | 10.4% | 6,450.82 | Lower equity for capital preservation | Offers capital preservation and income generation with lower equity exposure and stable debt focus. |
Mr. Jinesh Gopani has been navigating the financial markets for over 13 years, dedicating a significant part of his career to equity fund management. With his Master’s in Management Studies from Mumbai University, he has been at the helm of equities at Aditya Birla since 2011. Before joining Aditya Birla, he sharpened his investment skills at Birla Sun Life Asset Management and also contributed his expertise at Voyager India Capital. Mr. Gopani is known for his leadership in managing popular funds like the Aditya Birla Sun Life Long Term Equity Fund and the Aditya Birla Sun Life Focused 25 Fund.
Mr. Shreyash Devalkar combines his engineering background with a master’s in financial management to bring a structured and analytical approach to fund management. His journey in finance began at Larsen & Toubro and led him to significant roles in organizations like JP Morgan and IDFC. Since joining Aditya Birla, he has been instrumental in managing schemes like the Aditya Birla Sun Life Multicap Fund and the flagship Aditya Birla Sun Life Bluechip Fund.
Mr. Ashish Naik comes with a tech background and has shifted his analytical prowess from software to the stock market. His qualifications from XLRI Jamshedpur and CFA, FRM credentials equip him well for his role. Starting at Goldman Sachs, he’s now a key player at Aditya Birla, managing funds like the Aditya Birla Sun Life Regular Saver Fund and the Aditya Birla Sun Life Equity Hybrid Fund.
Mr. Viresh Joshi is a finance MBA with a deep understanding of the markets, having more than two decades of experience. His expertise in equities and derivatives trading has been honed through past roles at ICICI Securities and BNP Paribas. At Aditya Birla, he’s known for his strategic trades and fund management, which have contributed to the growth of the funds under his watch.
Mr. R. Sivakumar, with his technical and management degrees from IIT Madras and IIM Ahmedabad, brings a rigorous and quantitative perspective to fund management. His career has spanned roles in research, fixed income, and as a COO before he became the Head of Fixed Income at Aditya Birla. He manages key debt funds, ensuring stable and consistent returns for investors.
Are Axis Mutual Funds reliable investments?
Axis Mutual Fund is one of India’s leading Asset Management Companies and operates under the strict regulations of SEBI. While no investment in the market is without risk, Axis Mutual Funds are managed with a disciplined approach aimed at long-term wealth creation.
Have there been any issues with Axis Mutual Fund?
Like any large financial institution, Axis Mutual Fund has faced scrutiny, such as the front-running case that emerged in May 2022. However, the fund house has taken steps to address these issues and continues to operate within the regulatory framework.
Between Axis and SBI Mutual Funds, which is better?
Both SBI and Axis offer competitive mutual funds. The choice depends on individual investment goals, risk tolerance, and fund performance. For instance, Axis Focused 25 Fund has a 5-star rating, indicating strong past performance.
What are the best SIP plans in Axis Mutual Fund?
Some of the best performing Axis SIP plans include Axis Focused 25 Fund, Axis Long Term Equity Fund, and Axis Midcap Fund, each catering to different investment strategies and goals.
Is Axis Bank good for starting an SIP?
Yes, Axis Mutual Fund offers flexible SIP plans that cater to both novices and expert investors, with some plans starting from as low as Rs. 500.
Is investing through Axis SIP safe?
SIPs are considered a safer way to invest in mutual funds because they average out the cost of units over time, reducing the impact of market volatility.
Why have some Axis mutual funds underperformed recently?
The underperformance of certain Axis equity funds has been attributed to market conditions and fund-specific issues, but the fund house continues to adjust its strategies to align with market dynamics.
What is the Axis Mutual Fund scandal?
The front-running scandal involving former employees brought to light the challenges even reputable fund houses can face, but it’s important to note that Axis Mutual Fund has taken corrective actions since then.
Who owns Axis Mutual Fund?
Axis Mutual Fund is primarily owned by Axis Bank Ltd., with a significant stake held by Schroder Singapore Holdings Private Limited.
Which Axis Mutual Fund is recommended for 2023?
Funds like Axis Long Term Equity Fund and Axis Bluechip Fund are recommended for their consistent performance and potential for returns.
Is it advisable to continue investing in Axis Mutual Funds?
Yes, if the fund’s investment strategy aligns with your financial goals, risk appetite, and investment horizon.
Is the Axis Bluechip fund performing well?
Yes, the Axis Bluechip Fund has shown commendable performance, particularly suitable for investors seeking exposure to large-cap stocks.
Which Axis SIP is best for a 5-year investment?
The Axis Long Term Equity Fund and Axis Midcap Fund are options to consider for a 5-year investment plan.
Is it a good time to invest in Axis Mutual Funds in 2023?
The right time to invest depends on market conditions and personal investment goals, but Axis Mutual Funds offers options that cater to various market scenarios.
Are SIPs through Axis Bank tax-free?
Investments in ELSS through SIPs can provide tax benefits under Section 80C of the Income Tax Act.
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