Axis Bank Mutual Fund

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Axis mutual fund is backed by Axis Bank. Earlier it was known as Unit Trust of India. It is an eminent private bank in India, which offers financial products and services in the domain of the commercial banking, retail banking, agriculture banking, corporate banking, and asset management. Axis Bank’s headquarter is in Mumbai. It has marked its presence in various foreign countries, including US, UK, China, China and Sri Lanka.

Axis Mutual Fund (AMF) launched its very first scheme back in October 2009. Since then, it started expanding exponentially. Axis Bank Mutual Fund gives the full credits of its success story to the three pillars of its strength - long-term generation of wealth, outstanding in customers’ view, and long-term relationships with their customers. Its product suite comprises more than 50 plans. More than 20 Lakhs active investors have investment accounts with AMF and the company has its presence in more than 90 cities.

The Key Features of Axis Bank Mutual Funds 

The following are the key features of Axis Bank Mutual Funds:

  • It is available to the investors across 75 cities.
  • Its global customer base touches more than seven Lakh investors.
  • It is managed by the mutual fund professionals with a pool of investments made by various clients that have a common financial goal.
  • The pool of money is invested into debentures, securities, and shares.
  • The return on investment is shared by the investors, based on the ratio of share numbers held by them. 

Different Types of Funds by Axis Mutual Fund

On the basis of the mutual funds nature, the types of funds by Axis Bank Mutual Fund can be classified broadly into two categories:

By Structure

Mutual funds are divided into two categories as per the structure:

  • Open-Ended Mutual Funds

These mutual funds don’t have a fixed maturity, as they don’t trade in the open market. So, they are re-priced every day as per the number of shares purchased or sold. 

  • Closed-Ended Mutual Funds

The closed-ended funds have a fixed maturity and have a lock-in period for the investors’ capital. There are times when these mutual funds give the option of repurchasing to its investors. 

By Investment Goal

This comprises the asset class focused on by the funds.

  1.  Equity Schemes

Equity schemes make the investments in the shares. The money is eligible to be invested in value stocks or high-growth stocks. Axis mutual fund scheme offers a wide range of the equity schemes, which is mentioned below: 

  • Equity Diversified Schemes

These mutual fund schemes don’t stick to any specific theme or sector. 

  • Mid-Cap Schemes

These funds make investments in various stocks offered by different sectors or domains. Majorly, the investment made is in listed BSE mid-cap stocks. 

  • ELSS Schemes

The open-ended Equity Linked Security Schemes have a maximum freezing period of three years. 

  • Thematic Schemes

Mutual funds under this scheme make the investment in a variety of sectors but it sticks to a determined domain like exports, services, etc. 

  • Sector Specific Schemes

As its name suggests, sector-specific fund schemes make the investment in the specific sectors like information technology, manufacturing, etc. High risk is associated with these schemes, as returns are directly dependent on the performance of that specific sector’s performance. 

  • Flexicap Schemes

These schemes make investments in market caps. This investment is of fluid style. 

  1.  Debt or Income Schemes

These schemes make investments primitively in the corporate bonds and government securities. Profit in this investment vehicle is earned by interest on these investments or by the trading of the securities. Out of the entire mutual fund schemes, this one is least risky. 

  1.  Money Market Schemes

These mutual fund schemes make investments in the debt instruments issued by the corporate and government, which are short-term. 

  1.  Hybrid Schemes

These mutual fund schemes make investments in the blend of asset classes. Offered by Axis bank mutual fund, there are two categories of the Hybrid funds. 

  • Balanced Schemes

These mutual fund schemes maintain a perfect balance by investing in equity and debt instruments. The debt vehicle ensures that the investor earns interest on a regular basis, whereas the equity vehicles concentrate on the capital gains. 

  • Monthly Income Plans

These Axis mutual fund schemes are ideal for the traditional investors, as their risk appetite is low and they are not willing to take risks when it comes to equity investment. A fair share of these funds goes into debt vehicles and a very little portion is invested in equity vehicles.

Why choose Axis Mutual Funds?

Axis Bank Equity Fund is an outstanding financial vehicle that helps your money to grow, that too at a fast speed. These schemes focus on neutralizing the risk involved and multiplying the gains. The following are the eminent pros of selecting AMFs:

  • Strong Advisory Team

It has a recommendation model, which is research-driven and guides you in order to make the best choice of selecting funds on the basis of the quantitative as well as qualitative analysis. 

  • SEBI Regulated Financial Product

Axis tax saver fund is a well-regulated financial instrument with SEBI regulating and monitoring all investment activities to ensure and safeguard investors’ safety. 

  • Option of Selecting a Devoted Relationship Manager

You can opt for the services of a devoted relationship manager to seek guidance in planning your investments in coordination with your financial targets. 

  • Online One Page Portfolio Snapshot

It offers an online snapshot report for its different investment vehicles exclusively for its investors. They can view their reports with the help of Internet banking and get an insight into their fund portfolio(s). 

  • Schemes Choice

The suite of more than 70 mutual funds scheme ensures diversification of investors’ portfolio and risk neutralization so that Investors’ capital can grow. 

  • Tax Benefits

Under Section 80 C, investors can enjoy tax benefits.

Axis Bank Mutual Fund - FAQs

Q1) How can I buy mutual fund from Axis bank online?

Below enlisted are the steps involved to Invest in Axis bank mutual funds online:

  1. You get anytime anywhere access with online Axis internet banking service & Axis mobile app.
  2. You can avail different mutual fund transactions types namely, Systematic Investment Plan (SIP), Purchase, Switch & Redemption, Additional Purchase on single platform.
  3. You get the facility of online transactions that help you get enriched customer experience and help you plan investment accordingly based on market conditions.
  4. You simply need to click for online mutual fund registration and complete the one time registration process to get you registered for seamless online experience.

Q2) How do I redeem mutual funds?

Your mutual fund units can be redeemed through both online as well as offline methods. The units can be redeemed on any business day through your preferred method.

Mutual fund should be redeemed in a smart way to make sure that you are able to get good returns. Here, it’s important to note down that mutual fund units’ prices are fixed only once in a day. Therefore, as a smart investor, you should submit a request to redeem your mutual fund units before the financial market closes its transactions or within the time set by Axis mutual fund.

Doing so will help you get the benefits wherein you will be able to redeem your money at the NAV (Net Asset value) of your fund for that particular day.

Offline Method (With the Help Of A Redemption Form)

For this, you need to get the Redemption Request form and fill-in the required details such as your name (as in the unit holder’s name), name of your mutual fund scheme, number of units you want to get redeemed, your portfolio number, plan details, etc.

Once you’ve filled in the details, you can submit it to the AMC (Asset Management Company) or the designated office of the Registrar. Or else, you can also present it at any official point of a fund house that accepts transactions. The funds resulted from redeeming your units will be transferred to your (the unit holder’s) registered bank account.

Online Method:

Mutual funds can also be redeemed online by visiting the official portal of Axis mutual fund:

  • Choose the option of online transactions on the company’s portal.
  • After that, log in to the website with your portfolio number and your Permanent Account Number (PAN) to access your mutual funds.
  • Once done, go ahead to choose your mutual fund scheme and select the number of units that you want to get redeemed.
  • Finally, you will have to confirm your transaction.

Apart from using Axis mutual fund website to redeem your mutual funds, you can also use the services of central service help desks e.g., Karvy, CAMS (Computer Age Management Services Pvt. Ltd.), etc.

Q3) What is Axis SIP investment?

Axis Mutual Fund AMC is one of India’s leading fund houses or AMC (Asset Management Companies). It offers various mutual fund investment options for the individuals who want to grow their wealth across the key categories of debt, equity and hybrid funds.

One of the most popular one among the different investment styles offered by the fund house is the Axis SIP or Axis Systematic Investment Plan. The retail investors can avail this investment style through online as well as offline routes.

In addition to that, investors can avail of an Axis SIP irrespective of the fact that whether how little or how much they want to invest over a period of time.

Q4) What is open ended mutual fund?

An open-ended mutual fund is a type of mutual fund that doesn’t have restrictions on the share amount a fund can issue. Here, it’s important to understand that majority of mutual funds are open-ended that work as a useful & convenient investing tool for the investors.

In the case of an open-ended mutual fund, if a fund manager determines that the total assets of a fund have become too large to execute its stated objective effectively, it will be closed to new investors. Additionally, in extreme cases, the fund can also be closed to the existing fund investors which will prohibit them from making any new investments in it.