Axis Mutual Fund started its operations in 2009 and it is among the top fund houses in India by AUM. It is promoted by Axis Bank, one of the largest private banks in the country. In April 2012, Schroders, an asset management company, acquired a 25% stake in Axis Mutual Fund. The fund house has 1.2 crore+ investor accounts and is present in over 100 cities.Axis Equity Fund was the first scheme launched by the AMC in October 2009. In September 2019, Axis Mutual Fund launched an index fund known as Axis Nifty 100 Index fund. On 22 January 2020, the company launched an ESG fund.The AMC has a product suite of 50 schemes and manages an Average AUM of Rs. 2,92,805.42 Cr as of June 2024.
To invest in Axis Mutual Fund schemes, there is no physical documentation required. You need to upload the following KYC documents online:
Proof of Identity (PAN, Aadhaar)
Proof of Address (Aadhaar)
How to Invest in Axis Mutual Fund
Step 1: Download the Rupeezy App if you do not have an account.
Step 2: If you are a first-time user, you need to submit your KYC documents like PAN, Aadhaar, add personal details, and complete the account verification.
Step 3: Select Axis Mutual Fund and review the scheme list in each category.
Step 4: Assess the funds' performance and risk parameters.
Step 5: Select the appropriate category as per your financial goal and risk appetite.
Step 6: Compare the selected fund with other funds in its category using Smart Explore on a visual graph.
Step 7: Check fund portfolio overlap among all funds in your portfolio. Check the fund impact on your overall portfolio with the Impact Analysis feature.
Step 8: Select the fund, add lumpsum, or SIP, and set up payment with UPI or net banking.
Axis Mutual Fund FAQs
Ans: Yes, Axis Mutual Fund mutual fund schemes are considered safe investments. In India, all Asset Management Companies (AMC), including Axis Mutual Fund, are regulated by SEBI (Securities and Exchange Board of India) and AMFI (Association of Mutual Funds in India). The mutual fund industry operates under strict regulations to safeguard investors' interests. However, it's crucial for investors to conduct thorough research to ensure that the specific fund schemes align with their financial goals and risk tolerance.
Ans: Axis Mutual Fund Mutual Fund schemes are not tax free. Mutual fund capital gains are subject to capital gains tax. In the case of equity mutual funds, mutual fund units sold within a year of purchase will attract a 20% tax on profits. Gains from mutual funds held for more than a year are taxed at 12.5%. For debt funds, the debt fund units sold within three years will be taxed as per the income tax slab. For debt funds held for over three years, the tax rate is 12.5% without indexation benefits.
Here are some of the best-performing funds from Axis Mutual Fund AMC based on past 5-year returns:
Fund Name
5-Year Return (%)
AXIS Overnight Fund
4.88%
AXIS Ultra Short Duration Fund
5.20%
AXIS Liquid Fund
5.34%
AXIS Crisil IBX 70:30 CPSE Plus SDL April 2025 Index Fund
0%
AXIS Arbitrage Fund
5.24%
Ans: Yes, Axis Mutual Fund AMC is good for long-term capital appreciation. The equity schemes under the AMC have performed well over the long term and delivered returns above the category average. Visit the Rupeezy Invest App to check Axis Mutual Fund AMC fund performance.
Ans: You can log in to your Rupeezy app and view your portfolio which will show you the current value as per the prevailing NAV on the last closing business day.
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