Axis Mutual Fund: NAV, Performance & Latest MF Schemes
Axis Asset Management Company Ltd., the formal name of Axis Mutual Fund, is the mutual fund investment wing of Axis Bank, the third-largest private bank in India. A 74.9% share of the AMC is held by Axis Bank, while the rest 24% is held by Schroder Singapore Holdings Private Limited.
Axis Mutual Fund launched its first scheme in October 2009. Since then, the Axis Mutual fund has grown strongly. And the fund house attributes its success to its three founding principles - long-term wealth creation, outside-in (customer) view and long-term relationship.
Axis Mutual Fund’s vision is to responsibly manage money and risks to help people feel financially secure and confident of a brighter and wealthy future. They place a strong emphasis on risk management and planning.
They encourage their investors and partners to take a holistic view that extends beyond simple investing surpluses to investing with an underlying dream, aspiration or goal.
The fund house emphasises outside-in view and takes every single decision with the investor at heart. They believe in communicating in the investor’s language and creating wealth in the long term.
The fund house has been playing a serious and credible role in investors' money baskets. The fund house encourages investors to build a long-term perspective of the mutual fund category.
While leveraging the equity of the Axis brand, they aim at building relationships rather than being transactional. With a well-rounded product suite that consists of more than 40 schemes, they have over 60 lakh active investor accounts and are present in over 100 cities.
The fund house has been around for nearly 11 years. The company is registered with SEBI, AMFI and other regulatory bodies.
Axis Mutual Fund is the seventh-largest mutual fund house by asset size in India. The assets under management of the schemes of Axis Mutual Fund as of March 31, 2020, was INR 116,453.92 Cr and the average assets under management for the month ended March 31, 2020, were INR 1,20,468.82 Cr.
The total number of investors’ folio count under the schemes of Axis Mutual Fund as of March 31, 2020, was 60,10,731.
As of March 31, 2020, Axis Asset Management Company Ltd. managed 49 schemes of Axis Mutual Fund, which includes an open-ended equity-linked savings scheme with 3-year lock-in (ELSS); open-ended equity schemes; an open-ended index fund; an open-ended Hybrid scheme; open-ended liquid scheme; open-ended overnight scheme, open-ended gilt scheme; open-ended debt schemes; open-ended Exchange Traded Funds; open-ended funds of fund scheme; solution-oriented schemes; close-ended equity scheme, and close-ended debt schemes.
With an Average AUM* of over INR 1,76,008 Cr, Axis Mutual Fund has over 70 lakh active investor accounts, a presence in over 100 cities and 49 schemes including FOF. (March 31, 2020).
Important information about Axis Mutual Fund
Name of the AMCAxis Asset Management Company LtdIncorporation Date13 January 2009SponsorsAxis Bank LimitedTrusteeAxis Mutual Fund Trustee LimitedTrustees' NameMr Bapi Munshi, Associate Director Mr Murray Coble, Associate Director Mr Radhakrishnan Nair, Independent Director Mrs Vijayalakshmi Rajaram Iyer, Independent Director Mr G. Gopalakrishna, Independent Director Mr Uday M Chitale, Independent DirectorMD/CEOMr Chandresh Kumar NigamCOOGopal MenonCompliance OfficerMr Darshan KapadiaChief Business OfficerMr Raghav N. IyengarRegistrar and Transfer agentKFin Technologies Private Limited, Selenium Building, Tower-B, Plot No 31 & 32 Financial District, Nanakramguda, Serilingampally, Hyderabad, Rangareddi, Telangana, India - 500 032 Toll-Free No: 1800 425 4034/35 E-mail: AXISMF.customercare@kfintech.comToll-free Number 8108622211 / 1800221322Email Addresscustomerservice@axismf.comRegistered AddressAxis House, 1st Floor, C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai - 400 025 www.axismf.com
10 top-performing Axis Mutual Fund Schemes
1. Axis Bluechip Fund (Category - Equity: Large Cap)
This is an open-ended equity scheme predominantly investing in a large-cap stock. This scheme is suitable to achieve long-term capital appreciation by investing in a diversified portfolio predominantly consisting of equity and equity-related securities of Large Cap companies including derivatives.
This scheme is suitable for those who are looking for long-term goals such as children's education & their future, retirement or any other long-term growth that needs a wealth creation plan.
Key information
Minimum InvestmentINR 5,000 Minimum Additional Investment INR 1,00Minimum SIP InvestmentINR 500Minimum WithdrawalINR 500Exit LoadIf redeemed/switched out within 12 months from the date of allotment,- For 10 % of investments: Nil; For remaining investments: 1%; If redeemed/switched - out after 12 months from the date of allotment: NIL (w.e.f. 25th September 2017)Return Since Inception: inception date January 5, 201012.78 % (Regular -Growth) 16.42% (Direct-Growth)NAVINR 37.73, (Regular-Growth) (April 20, 2021) INR 41.60, (Direct-Growth) (April 20, 2021)AUMINR 23,496.02 Cr (As on Feb 28, 2021)
2. Axis Midcap Fund (Category - Equity: Mid Cap)
This is an open-ended equity scheme predominantly investing in Mid Cap stocks. This mid-cap mutual fund invests predominantly in mid-cap companies.
Midcap companies have the potential to deliver superior returns due to the potential for faster earnings growth. But such companies are emerging companies and hence it is important to be vigilant about their business and growth prospects and hence carry risk.
Investing in this fund allows you to complement your portfolio focusing on large-cap companies. This is suitable for those looking for long-term goals such as children's education & their future, retirement or any other long-term growth that needs a wealth creation plan.
Key information
Minimum InvestmentINR 5,000 Minimum Additional Investment INR 1,00Minimum SIP InvestmentINR 500Entry LoadNil Exit LoadIf redeemed/switched out within 12 months from the date of allotment,- For 10 % of investments: Nil; For remaining investments: 1%; If redeemed/switched - out after 12 months from the date of allotment: NIL (w.e.f. 25th September 2017)Return Since Inception (18 Feb 2011)18.19 % (Regular-Growth)19.62 % (Direct-Growth)NAVINR 37.73 (April 20, 2021)(Regular-Growth)INR 59.59(April 20, 2021)(Direct-Growth)AUMINR 9,757.42 Cr (As on Feb 28, 2021)
3. Axis Focused 25 Fund (Category - Equity: Focused)
This is an open-ended equity scheme investing in a maximum of 25 stocks investing in large-cap, mid-cap and small-cap companies.
The scheme invests in a concentrated portfolio of high-conviction ideas (up to 25). The focus is on companies that have the capability to sail through their business cycles without getting affected by short-term market volatility. This fund offers the benefit of higher exposure to the best ideas, and the portfolio is well-diversified across sectors to manage risk.
This is suitable for investors who prefer to go for higher returns compared to other Equity funds. In this fund, the investor should be aware of the possibility of moderate to high losses in their investments even though the overall market is performing better.
Key Information
Minimum InvestmentINR 5,000 Minimum Additional Investment INR 1,00Minimum SIP InvestmentINR 500Entry LoadNil Exit LoadIf redeemed/switched out within 12 months from the date of allotment,- For 10 % of investments: Nil; For remaining investments: 1%; If redeemed/switched - out after 12 months from the date of allotment: NIL Return Since Inception (01 Jan 2013)16.45 % (Regular-Growth)16.78 % (Direct-Growth)NAVINR 36.77 (April 20, 2021) (Regular-Growth)INR 40.65 (April 20, 2021) (Direct-Growth)AUMINR 14,698.83Cr (As on Feb 28, 2021)
4. Axis Smallcap Fund (Category - Equity: Smallcap)
This is an open-ended equity scheme predominantly investing in small-cap stocks. The fund uses a bottom-up approach to investing in small caps aimed at identifying long-term businesses.
This fund is ideal for small-cap investors who can patiently invest and those willing to absorb short-term volatility. Suitable for Investors who look for an investment horizon of 5 years or more and looking for very high returns.
Key information
Minimum InvestmentINR 5,000 Minimum Additional Investment INR 1,00Minimum SIP InvestmentINR 500Entry LoadNil Exit LoadIf redeemed/switched out within 12 months from the date of allotment, - For 10 % of investments: Nil: For remaining investments: 1%. If redeemed/switched - out after 12 months from the date of allotment: NILReturn Since Inception (01 Jan 2013)16.45 % (Regular-Growth)16.78 % (Direct-Growth)NAVINR 43.78 (April 20, 2021) (Regular-Growth)INR 47.96 (April 20, 2021) (Direct-Growth)AUMINR 4,165.40Cr (As on Feb 28, 2021)
5. Axis Long-Term Equity Fund (Category - Equity: ELSS)
This is an open-ended equity-linked saving scheme with a statutory lock-in of 3 years and tax benefit. The fund has a 3-year lock-in which is one of the lowest amongst other tax-saving instruments.
The money is invested in equities and does not get perturbed by market ups and downs. Being an ELSS scheme, the scheme comes with dual advantages of building wealth and saving tax. This is suitable for investors who are looking to invest money for at least 3 years and want income tax savings besides expecting higher returns.
Key Information
Minimum InvestmentINR 5,00 Minimum Additional Investment INR 5,00Minimum SIP InvestmentINR 5,00Entry LoadNil Exit LoadNilReturn Since Inception17.45% (Regular-Growth) (Date of Inception: 29 Dec 2009)19.95 % (Direct-Growth) (Date of Inception: 01 Jan 2013)NAVINR 59.51 (April 20, 2021) (Regular-Growth)INR 65.02 (April 20, 2021) (Direct-Growth)AUMINR 27,216.23Cr (As on Feb 28, 2021)
6. Axis Triple Advantage Fund (Category - Hybrid: Multi-Asset Allocation)
This is an open-ended scheme investing in equity, debt and gold. It is a 3-in-1 investment option or an asset allocation fund that helps you diversify your money across three asset categories - equity, debt and gold.
It facilitates investing in gold, which is one of the most popular options amongst Indian investors. A single application is sufficient for investment in three asset classes.
Key Information
Minimum InvestmentINR 5,000 Minimum Additional Investment INR 1,00Minimum SIP InvestmentINR 500Entry LoadNil Exit LoadIf redeemed/switched out within 12 months For 10% of investment: Nil. For remaining investment: 1%. If redeemed/switched out after 12 months from the date of allotment: Nil (w.e.f. 15th June 2015)Return Since Inception9.30 % (Regular-Growth) (Date of Inception: 23 Aug 2010)10.15 % (Direct-Growth) (Date of Inception: 01 Jan 2013)NAVINR 25.44 (April 20, 2021) (Regular-Growth)INR 27.94 (April 20, 2021) (Direct-Growth)AUMINR 861.51Cr (As on Feb 28, 2021)
7. Axis Equity Saver Fund (Category - Hybrid: Equity Savings)
This is an open-ended scheme investing in equity, arbitrage and debt. The fund follows a multi-asset strategy so that investors avoid over-investing in one asset class and thereby reducing the overall risk and volatility.
This fund is ideal for people who want to have a balanced approach to portfolio management. As money is diversified across different asset classes, it reduces the impact of bad performance from a single asset class through performance from the other 2 asset classes.
Key information
Minimum InvestmentINR 5,000 Minimum Additional Investment INR 1,00Minimum SIP InvestmentINR 500Entry LoadNil Exit Load If redeemed/switched out within 12 months from the date of allotment, - For 10% of investments: NIL. For remaining investment: 1%. If redeemed/switched - out after 12 months from the date of allotment: NIL (w.e.f. 20th Aug 2015)Return Since Inception7.72 % (Regular-Growth) (Date of Inception: 14 Aug 2015).9.02% (Direct-Growth) (Date of Inception: (14 Aug 2015)NAVINR 15.02 (April 20, 2021) (Regular-Growth)INR 16.10 (April 20, 2021) (Direct-Growth)AUMINR 711.22Cr (As on Feb 28, 2021)
8. Axis Gold Fund (Category - Commodities: Gold)
This is an open-ended fund of fund scheme investing in Axis Gold ETF. In this scheme, investors can invest in Gold ETF without the hassles of storage or concerns about quality.
It's a low-cost holding and transparent pricing based on international gold price movements are done. One can invest in any amount subject to minimum investment requirements.
One can invest in Gold through systematic investments in as little as Rs.1,000 and no Demat account is required.
Key Information
Minimum InvestmentINR 5,000 Minimum Additional Investment INR 1,00Minimum SIP InvestmentINR 1,000Entry LoadNil Exit Load1% is payable if units are redeemed /switched out within one year from the date of allotmentReturn Since Inception3.90% (Regular-Growth) (Date of Inception: 20 Oct 2011).3.73 % (Direct-Growth) (Date of Inception: (01 Jan 2013)NAVINR 14.60 (April 20, 2021) (Regular-Growth)INR 15.71 (April 20, 2021) (Direct-Growth)AUMINR 212.49Cr (As on Feb 28, 2021)
9. Axis Gilt Fund (Category - Debt: Guilt)
This is an open-ended debt scheme investing in government securities across maturity. Axis Gilt Fund is an open-ended GILT (Government securities) fund which invests in a portfolio of government securities.
Since securities are backed by sovereign guarantees, there is no default disk. This fund is suitable for an investment horizon of 3 years or more and for those looking for the safety of their investments.
Key Information
Minimum InvestmentINR 5,000 Minimum Additional Investment INR 1,00Minimum SIP InvestmentINR 1000Entry LoadNil Exit LoadNil w.e.f. 9th January 2013Return Since Inception7.56 % (Regular-Growth) (Date of Inception: 23 Jan 2012).7.88 % (Direct-Growth) (Date of Inception: (01 Jan 2013)NAVINR 19.82 (April 20, 2021) (Regular-Growth)INR 20.67 (April 20, 2021) (Direct-Growth)AUMINR 177.79 Cr (As on Feb 28, 2021)
10. Axis regular saver fund (Category - Hybrid: Conservative Hybrid)
This is an open-ended hybrid scheme investing predominantly in debt instruments. This is a moderately high-risk fund suitable for an investment horizon of more than 2 years.
The investment in this fund adds stability to your portfolio by investing primarily in fixed-income instruments. The fund offers potential for capital growth through limited exposure to equity instruments.
Key Information
Minimum InvestmentINR 5,000 Minimum Additional Investment INR 1,00Minimum SIP InvestmentINR 1000Entry LoadNil Exit LoadIf redeemed/switched out within 12 months from the date of allotment,- For 10% of investments: NIL - For remaining investment: 1%. If redeemed/switched - out after 12 months from the date of allotment: NILReturn Since Inception7.56 % (Regular-Growth) (Date of Inception: 16 Jul 2010).9.43 % (Direct-Growth) (Date of Inception: (04 Jan 2013)NAVINR 22.33 (April 20, 2021) (Regular-Growth)INR 24.71 (April 20, 2021) (Direct-Growth)AUMINR 223.12 Cr (As on Feb 28, 2021)
How can you invest in Axis Mutual Fund via EduFund?
Investing in Axis Mutual Fund via Edufund is a simple, four-step process.
Step 1 - Download the EduFund App from Google Play Store or Apple App Store and create an online account.
Step 2 - Select a Scheme - Browse a wide range of Axis Mutual Fund schemes and choose the right scheme suiting your financial goals. You may invest in a Systematic Investment Plan (SIP) or a lump sum. The inbuilt recommendation engine suggests the best scheme for your financial objectives.
Step 3 - View and Track Your Transaction(s) - The amount you have invested will reflect in your EduFund account within four working days. You can track the Axis Mutual Fund NAV, account balance, statement, and other information in the app. On the other hand, you can purchase, redeem, or switch Axis Mutual Fund units.
Step 4 - Speak With a Mutual Fund Counsellor - You can connect with a mutual fund consultant to share your goals and get personalised advice.
EduFund uses top-class authentication and encryption technologies to ensure bank-like secured transactions and safeguard your investments.
The best-performing Fund Managers at Axis Mutual Fund
The fund manager plays an important role in driving value and generating growth of the investors’ money. The following are the 10 best-performing fund managers in Axis AMC whose funds have consistently churned out the best returns.
1. Mr Jinesh Gopani - Head - Equity
Jinesh Gopani is the Head of Equity at Axis AMC. He joined Axis AMC in 2009 as an Equity Fund Manager and worked his way to become the Head of Equity in 2016.
He currently manages the flagship Axis Long Term Equity Fund amongst other funds. Prior to Axis AMC, Jinesh was associated with Birla Sunlife AMC as a Portfolio Manager, where he was responsible for alternative assets across the growth, value and dividend basket.
He was associated with this company from June 2008 to October 2009. He was also associated with Voyager India Capital as a Sr. Research Analyst responsible for the BFSI & Infrastructure sector and held a sectorial portfolio manager role for investments. He was with Voyager India Capital from February 2006 to May 2008.
He is an M.M.S. in Finance from Mumbai University. He has a total experience of 19 years in the capital markets, of which eight years are in equity fund management. He manages 2 all schemes (Feb28,2021).
2. Mr Shreyash Devalkar - Senior Fund Manager - Equity
Shreyash Devalkar is the Senior Fund Manager at Axis AMC. He joined the AMC in 2016 and took over the responsibility of managing important funds like Bluechip Fund, and Midcap Fund, followed by Multicap Fund in 2017.
Prior to this, he was associated with BNP Paribas AMC as a Fund Manager for more than five years. He has also worked as a Research Analyst at IDFC Asset Management Company (July 2008 to Jan 2011) and IDFC Securities (Sept 2005 to July 2008).
He is a bachelor's in Chemical Engineering & Master's in Management Studies. He has over 17 years of experience in capital markets. He manages two all schemes (Feb28,2021).
3. Mr Anupam Tiwari - Fund Manager - Equity
Anupam Tiwari is an Equity Fund Manager at Axis AMC. He joined Axis AMC in September 2016. Prior to that, he worked with Reliance Life Insurance & Principal PNB Asset Management as a Fund Manager. He started his career as an Equity Analyst with Reliance Capital AMC in 2005.
A Chartered Accountant, he has over 17 years of experience in capital markets. He manages 3 allschemes (Feb28,2021).
4. Mr Ashish Naik- Fund Manager – Equity
Ashish Naik is an Equity Fund Manager at Axis AMC. He joined Axis AMC as an Equity Research Analyst in 2009, and later in June 2016, he was elevated to the post of Fund Manager. Prior to this, Ashish was associated with Goldman Sachs India Securities as a Business Analyst.
He is an MBA from XLRI, Jamshedpur and B.E. from Mumbai University. He is a certified CFA charter holder (2011 -12) and FRM (2007-08). He has over 13 years of experience, out of which over eight years of experience are as an Equity Analyst.
He covers sectors like Autos & Logistics, Cement & Building Materials, Metal, Metal Products & Mining, Agro Inputs & Chemicals, Textiles & Other Commodities at Axis Mutual Fund. He manages 8 all schemes (Feb28,2021).
5. Mr Viresh Joshi - Chief Trader & Fund Manager - Equity
Viresh has been associated with Axis Since 2009 and is the head trader for equity funds in addition to being a fund manager. He has been an active participant in round table events at major forums like FIX and TradeTech on Dealing & Trading, representing domestic buy-side investors across equity, equity derivatives and ETFs.
Viresh holds an MBA in Finance and has over 20 years of experience in the capital markets in India and overseas. He has worked with companies like BNP Paribas Securities & ICICI Securities in the past.
6. Mr Hitesh Das - Research Analyst - Equity
Hitesh has his Bachelor's in Technology, Master's in Technology, and Post Graduate Diploma in Management from IIM Lucknow.
He has over 9 years of experience in financial markets. His previous experience includes Barclays and Credit Suisse Securities India.
He covers Sectors like Capital Goods, Engineering & Construction, and Information Technology at Axis Mutual Fund. He manages seven schemes (Feb28,2021).
7. Mr R. Sivakumar - Head - Fixed Income
Sivakumar is the Head – Of fixed Income at Axis AMC. Siva has over two decades of experience in the Indian asset management industry working across asset classes and functions.
He joined Axis in 2009, and he was part of the startup team there. He looked after the products and portfolio management services and was responsible for leading the launch of Axis' signature & award-winning hybrid funds.
In September 2010, he was promoted to Head - Fixed Income. He is responsible for the overall investment strategy, performance and risk management across fixed-income investments. Prior to Axis AMC, Siva was associated with Fortis Investments (formerly ABN AMRO AMC), where he held multiple positions chiefly as a Fund Manager - Fixed Income. He also led products, and in 2009, he was appointed Chief Operating Officer, becoming the youngest person in the asset management industry in that role.
Siva has also worked with Sundaram AMC as Fund Manager – Fixed Income and with Zurich India AMC as Research Analyst. He is an engineer from IIT Madras and a PGDM from IIM Ahmadabad. Siva manages 12 all schemes (Feb 28, 2021).
8. Mr Devang Shah - Deputy Head - Fixed Income
Devang Shah is the Deputy Head - Fixed Income at Axis AMC. His core responsibilities include managing top quartile performance for all funds, along with managing the client relationship. Devang joined Axis AMC in October 2012 as a Fund Manager and was promoted to Deputy Head in June 2018.
He has been actively involved in the ideation, sourcing and investment strategy for fixed-income funds. Prior to this, Devang was working with ICICI Prudential AMC as a Fund Manager from April 2008 till October 2012.
His primary responsibilities include analysing domestic fixed-income markets, providing views on the interest rate, credit environment & domestic monetary aggregates; managing portfolio and trading in Debt & Money Market Instruments; analysing various credit structures (LAS, ABS Pools, LAP) and credit exposures for the fund house.
He is a Bachelor of Commerce & Chartered Accountant. He has over 14 years of experience, out of which 5 years are in Axis AMC. He has also worked with Pricewaterhouse Coopers, Deutsche AMC & ICICI Prudential AMC.
He manages 13 all schemes as of Feb 28, 2021.
9. Mr Aditya Pagaria - Fund Manager - Fixed Income
Mr Pagaria is a Bachelor's in Management Studies and holds a Post Graduate Diploma in Business Management from the Institute Of Technology And Management, SK Somaiya College.
Prior to joining Axis AMC, he was associated with ICICI Prudential AMC (Nov 2011-Jul 2016) as Fund Manager - Fixed Income Operations. He has over 13 years of experience and manages 6 all schemes (Feb 28, 2021)
10. Mr Dhaval Patel - Asst. Fund Manager - Fixed Income
Prior to joining Axis Mutual Fund, Patel worked with Credit Analysis & Research Ltd. He is an MBA (Finance) and B.E (Electronics & Communication). He has over 15 years of experience. He has two all schemes as on Feb 28, 2021.
Why should you Invest in Axis Mutual Fund?
Axis Mutual Fund is the seventh largest mutual fund house by asset size in India. Different fund houses have different investment approaches.
Axis Mutual Fund house is doing well because of its strategy, and today, Axis funds are quite impressive. They have been taking fundamental views by focusing on high-quality companies irrespective of situations.
And one of the fund houses that have been able to deliver outstanding returns consistently over the last few years is Axis Mutual Fund. What is impressive about the strategy of Axis funds is that they have stuck to their respective strategies through thick and thin, and this had provided them with notable performance.
With Axis Mutual Fund, investors can choose from 12 Equity schemes, 13 Debt, 6 Hybrid and 8 other Schemes.
Whatever your investment objective, you can get an Axis Mutual Fund scheme to fulfil your financial goals. The experienced fund managers at Axis Mutual Fund simplify stock market or secondary market investments easily for you.
Select EduFund for Investing in Axis Mutual Fund
EduFund makes the process of investing in Axis Mutual Fund convenient. EduFund's experienced consultants give you customised solutions for all your financial goals.
You can start investing from a lowly INR 5,000 and grow your capital comfortably.
With EduFund, you get the following benefits:
Customized Research-Based Financial Plan - EduFund's scientific fund tracker screens over 1 lakh data points and 400 financial scenarios to recommend you the best mutual funds.
Customer-Friendly Counsellors Help You Create a Financial Plan - EduFund's counsellors are trained to handle all kinds of queries from customers. They spend as much time with you as you need and resolve all your issues to help you create a robust financial plan.
Invest Less, Earn More - Not only the best Indian mutual funds, but EduFund also offers you the facility to invest in US Dollar ETFs and international mutual funds.
Use Free Tools - EduFund offers various free tools for its customers, including College Savings Calculator, SIP calculator, etc.
No Technical Expertise Required - You do not need to be an expert in finance to understand which mutual fund is the best for you. EduFund does it for you.
Value-Added Benefits - You may get value-added benefits like no commission, free advisory, and nil-hidden charges.
Secure Transactions - EduFund is RIA-registered and uses top-class 128-SSL security to enable safe transactions.
Special Support for Children's Education - EduFund has a dedicated team of experts who help you fulfil your children's educational goals.
FAQs
Which is the best Axis Mutual Fund?
Top-rated mutual funds:
Axis Bluechip Fund (Category – Equity: Large Cap)
Axis Midcap Fund (Category – Equity: Mid Cap)
Axis Focused 25 Fund (Category – Equity: Focused)
Axis Smallcap Fund (Category – Equity: Smallcap)
Axis Long-Term Equity Fund (Category – Equity: ELSS)
Is SIP better than FD?
A systematic investment plan (SIP) is a mode of investment in mutual funds. SIP, in most cases, gives the investors higher returns than FD. FD is unlikely to give inflation-beating returns, which an SIP may give the investor.
Is SIP tax-free?
SIP can help you save on tax. It can be one of the investment vehicles that give you high returns while helping you claim tax deductions.
Is SIP high-risk?
SIP is a considerably safer investment vehicle, but it also depends on which funds you invest. SIPs can have some risks attached to them, and it’s always best to talk to financial experts before choosing a fund.
TALK TO AN EXPERT
Fall 2024 Scholarship: Get Up to $10K for Your Master's Abroad!
