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Overview: Axis Asset Management Company
Axis Asset Management Company (AMC) was launched in the year 2009 and has shown consistent performance over the past 10 years. They believe in the idea that “Markets don’t create wealth, responsible investing does”. Axis AMC manages a multitude of mutual fund schemes including the popular Axis Long Term Equity Fund and Axis Bluechip Fund.
Table of Contents :
Mutual Funds offered by Axis Asset Management Company
Chandresh Nigam, Managing Director & CEO, Axis Asset Management Company Limited, believes in an inflation beating investment strategy, which essentially means that how an investment today will increase or at least maintain an individual’s purchasing power tomorrow, taking into account the high rate of inflation.
The AMC has a diverse range of investment portfolios, with equity schemes majorly focussing on high growth companies to generate decent returns over a long investment horizon. It also offers a plethora of debt and hybrid mutual fund schemes.
Axis Equity Mutual Funds
Equity Mutual Funds offered by Axis AMC are one of the highest returns generating schemes that are suitable for investors with high risk appetite. Since they invest predominantly in stocks, and capitalize on positive market fluctuations, they’re seen as high risk investment vehicles. One should have a long term investment horizon to earn quality returns from these mutual funds. Here is a list of top 5 Axis Equity Mutual Fund AMC:
| Fund Name | 3 Year (%) | 5 Year (%) | NAV | Fund Size (Cr) |
| Axis Bluechip Fund | 15.78 | 13.25 | 33.4 | 5745.63 |
| Axis Focused 25 Fund | 6.9 | 10.28 | 295.92 | 3847 |
| Axis Long Term Equity Fund | 13.14 | 14.1 | 50.36 | 19817.3 |
| Axis Midcap Fund | 12.78 | 12.92 | 41.04 | 2548.77 |
| Axis Small Cap Fund | 11.11 | 13.53 | 32.28 | 401.77 |
Axis Debt Mutual Funds
Debt Mutual Funds offered by Axis AMC are open ended mutual fund schemes which predominantly invests in debt securities of varying maturities. These investment instruments are suitable for risk averse investors who are looking for fixed income generating avenues. Here is a list of top 5 Debt Mutual Funds offered by Axis AMC:
| Fund Name | 3 Year (%) | 5 Year (%) | NAV | Fund Size (Cr) |
| Axis Banking & PSU Debt Fund | 8.63 | 8.67 | 1866.62 | 6450.73 |
| Axis Short Term Fund | 8.04 | 8.87 | 22.29 | 2617.95 |
| Axis Treasury Advantage Fund | 8.02 | 8.41 | 2251.69 | 1438.86 |
| Axis Credit Risk Fund | 6.82 | 8.5 | 15.49 | 1605.63 |
| Axis Strategic Bond Fund | 7.48 | 9.43 | 19.69 | 1242.95 |
Axis Hybrid Mutual Funds
Hybrid Mutual Funds invest in a mix of equity and debt securities, with varying exposure to the two asset classes. Individuals who are looking for an investment instrument with relatively less risk compared to equity mutual funds, and better returns than debt mutual funds should opt for hybrid mutual funds. Here is a list of 5 Hybrid Mutual Funds offered by Axis AMC:
| Fund Name | 3 Year (%) | 5 Year (%) | NAV | Fund Size (Cr) |
| Axis Arbitrage Fund | 7.02 | 7.31 | 14.43 | 2276.45 |
| Axis Equity Saver Fund | 9.02 | NA | 13.84 | 768.59 |
| Axis Regular Saver Fund | 5.24 | 7.34 | 20.76 | 261.83 |
| Axis Equity Hybrid Fund | – | – | 10.96 | 2207.33 |
| Axis Dynamic Equity Fund | – | – | 11.56 | 2328.28 |
How to Invest in Axis Mutual Funds via Paisabazaar.com?
Step 1: On Paisabazaar.com, select the ‘Mutual Fund’ option.
Step 2: If you are a registered user, login onto the platform using your mobile number and password/OTP. Or create a new account.
Step 3: Choose ‘Invest’ > ‘Explore All Funds’ on the left side bar.
Step 4: Select the Axis Mutual Fund of your choice. Now, all the details of the fund including NAV, risk level, etc. will appear.
Step 5: Enter the amount you wish to invest, select the investment type – SIP or Lumpsum, and click on the ‘Confirm & add to cart’ option.
Step 6: You can complete the payment using net banking of major Indian banks.
The mutual fund units will be allotted to you within 5 working days. If you’re not KYC Compliant, you will need to complete your KYC before investing in mutual fund schemes.
How to Complete Your KYC Check for Axis Mutual Fund?
KYC (Know Your Customer) is a one-time customer identification process and a mandatory compliance requirement for investors who wish to invest in mutual funds. It has been made compulsory by the capital markets regulator SEBI (Securities and Exchange Board of India) for mutual fund investments in order to curb fraudulent activities.
If you’re a first time customer, you need to get your KYC Check before investing in Mutual Funds.
The KYC Process can be initiated and completed with any of the following SEBI-registered intermediaries:
- The Fund House (Asset Management Company)
- KYC Registration Agency (KRA) such as CAMS, Karvy, CSDL (Central Depository Services Limited) Ventures, NSDL (National Securities Depository Limited) and NSE-owned (National Stock Exchange) DotEx International Limited
To complete your Mutual Fund eKYC online, follow these steps, and you’ll be good to go:
Step 1: Visit the website of a fund house or any of the above-mentioned KRA’s website and create an investor account by filling in your personal details and your Aadhaar-linked mobile number so that you can verify the account using that OTP./p>
Step 2: Upload self-attested copies of your Identity Proof and Address Proof.
That’s all. Your eKYC process is done!
Documents Required for Axis Mutual Fund Investment
Here is a list of official documents required to validate the identity and address of an investor:
1. Identity Proof
- Aadhaar Card
- PAN Card
- Passport
- Driving License
2. Address Proof
- Aadhar Card
- Driving License
- Passport
- Recent Utility Bill
- Rental/Lease Agreement
Fund Managers of Axis Asset Management Company
- Jinesh Gopani
An MMS Finance from the University of Mumbai, Jinesh Gopani is the equity fund manager of Axis Mutual Fund AMC. He has more than 16 years of professional experience in capital markets, with almost 8 years in equity fund management.
- Shreyas Devalkar
Shreyas Devalkar is the senior fund manager of Axis Mutual Fund AMC. He has been working in the financial markets sector from the past 16 years and brilliantly manages the equity mutual fund schemes of Axis Asset Management Company.
- Anupam Tiwari
Anupam Tiwari is another equity fund manager of Axis Mutual Fund AMC who has been in the industry for more than 13 years. He is a Chartered Accountant and has taken the equity schemes of Axis AMC to great heights during his tenure.
- Ashish Naik
An alumnus of XLRI Jamshedpur, Ashish Naik has long been associated with Axis Mutual Fund AMC and has performed exceptionally well during that tenure. He is a Chartered Financial Analyst with 11 years of industry experience, with 8 years as an Equity Analyst.
- Viresh Joshi
The Chief Trader and Equity Fund Manager, Viresh Joshi has been associated with Axis AMC for the past 10 years. He is the head trader for equity funds, and has performed exceptionally well during his tenure.
Frequently Asked Questions
1. What is an Asset Management Company (AMC)?
AMC is an organisation which manages the pooled funds from numerous investors and invests them in various financial securities to generate returns.
2. What is Net Asset Value (NAV)?
Net Asset Value measures the performance of an individual mutual fund scheme of an AMC. In essence, it is the market valuation of the securities the fund has invested in. So, the NAV per unit is derived from dividing the total market value of all the invested securities by total number of units issued. Since, the number of unit holders and valuation of securities change everyday, the NAV of a mutual fund also changes accordingly.
3. What is Expense Ratio?
Expense Ratio refers to a small amount of fee charged by Asset Management Companies annually to manage investors’ assets. It covers the operating and managing cost incurred by the AMC. It is a percentage of the total assets invested by the investor.
4. What is Entry Load?
When an investor purchases units of a mutual fund scheme for the first time, s/he is charged a small amount of processing fee by the Asset Management Company which is known as an Entry Load.
5. What is Exit Load?
When investors redeem their investment from a mutual fund scheme, s/he is charged a small amount of processing fee which is known as an Exit Load. It is also charged when investors choose to switch between different mutual fund schemes of a specific AMC.