Overview of Axis Mutual Fund
Axis Mutual Fund is one the leading asset management company in India which launched its first mutual fund scheme in the year 2009. Since then it has expanded its reach, now holds a customer base of over 20 lacs in 90 cities. This asset management company offers a total of 50 schemes in its product category. The investors with their short-term and long-term goals actively invest in such schemes for the sake of building long-term wealth and simultaneously fostering an enduring relationship with the bank.
Board of Directors for Axis Asset Management Company Ltd.
The list of board of directors are as under:
1. AMC Directors
- R.K Bammi (Associate Director)
- Richard Anthony Mountford (Associate Director)
- Chandresh Kumar Nigam (MD & CEO)
- Shikha Sharma (Chairperson)
- P. Vijaya Bhaskar (Independent Director)
- U. R Bhat (Independent Director)
- T.S Narayanasami (Independent Director)
- Ashok Sinha (Independent Director)
2. Trustee Directors
- Bapi Munshi (Associate Director)
- Murray Coble (Associate Director)
- Uday M. Chitale (Independent Director)
- Kedar Desai (Independent Director)
- T.C Nair (Chairperson)
- Vittaldas Leeladhar (Independent Director)
The registrar of Axis Asset Management Company Ltd. is Karvy Computershare Pvt. Ltd.
The fund managers are classified under two broad categories:
1. Fund Manager-Equity
- Mr. Shreyash Devalkar
- Mr. Jinesh Gopani
- Mr. Anupam Tiwari
- Mr. Ashish Naik
2. Fund Manager-Fixed Income
- Mr. Devang Shah
- Mr. Aditya Pagaria
- Mr. R. Sivakumar (Head of Fixed Income and Fund Manager)
Products offered by Axis Mutual Fund
1. Axis Arbitrage Fund
Axis Bank Mutual Fund offers the scheme Axis Enhanced Arbitrage Fund-Regular growth under this category. This scheme is appropriate for investors looking to park their short-term money. However, dividends are tax-free and there is no occurrence of long-term capital gains (LTCG) if investments are sold after one year.
Arbitrage funds are made up of equity, equity derivative, and debt instruments. It is meant to leverage the price differential in the cash and derivatives market to augment returns. The returns are dependent on the volatility of the asset. These funds are hybrid in the sense that they have the provision of investing a substantial portion of the portfolio in debt markets.
2. Axis Equity Fund
These funds compulsorily invest only in stocks which offer high returns over a long-term. Equity funds have a less tax liability as opposed to the debt funds.
Equity Funds of Axis Bank Mutual Funds are categorized into following schemes as under :
- Axis Equity Fund-Regular Growth
- Axis Long -Term Equity Fund-Regular Growth
- Axis Equity Saver Fund -Regular Growth
- Axis Midcap Fund -Regular Growth
- Axis Focused 25 Fund-Regular Growth
3. Axis Debt Fund
These funds invest in debt-market securities such as bonds, debentures, government securities and so on. These are considered to be safe instruments which provide fixed returns. Investors who are not willing to invest in a highly volatile equity market prefer debt funds for their investment.
Debt Funds of Axis Bank Mutual Funds are categorized into following schemes as under :
- Axis Dynamic Bond Fund-Regular Growth
- Axis Fixed Income Opportunities Fund-Regular Growth
- Axis Income Fund-Regular Growth
- Axis Short Term Fund-Regular Growth
- Axis Treasury Advantage Fund-Regular Growth
4. Axis ELSS Fund
Axis Bank Mutual Fund offers the scheme Axis Long Term Equity Fund-Regular growth under this category. It will help you save tax upto ₹ 46,350 per year by investing upto ₹ 1.5 lakhs per year. Equity Linked Saving Scheme is offered with a 3-year lock-in period where investments are entitled to Income Tax exemptions under section 80C of the Income Tax Act, 1961. The money gets invested in equity markets which are likely to fetch better returns over a period of time.
5. Axis Gilt Fund
Gilt funds invest only in government securities. They are ideal for risk-averse and conservative investors who wish to safeguard their investment returns by parking their money in the shadow of secured government bonds.
This fund offers Axis Constant Maturity 10 year fund-regular growth under this category.
6. Axis Gold Fund
These funds predominantly invest in stocks of companies involved in gold mining and production. They do not buy gold directly but invests in stocks of companies involved in gold mining and production across the world.
This fund offers two schemes under its category such as
- Axis Gold ETF-Regular Growth
- Axis Gold Fund -Regular Growth
7. Axis Hybrid Fund
These funds invest in a combination of asset classes such as equity and debt. There are some hybrid funds where the equity proportion is higher than debt while in other schemes it is far different. The prime objective of hybrid funds is to systematically balance the risk and returns.
Hybrid/Balance Fund offers the following schemes under its category:
- Axis Triple Advantage Fund- Regular Growth
- Axis Income Saver-Regular Growth
- Axis Children’s Gift Fund-Compulsory Lock-In-Regular Growth
- Axis Children’s Gift Fund- No Lock-In-Regular Growth
8. Axis Liquid Fund
These funds also termed as Cash funds or Ultra Short term bond funds invest in instruments of fixed short-term maturity. Their prime objective is to generate a high level of safety and earn a moderate return. Investors with surplus money can park it for a short period of time in such safe instruments instead of keeping the money idle in a bank savings account.
Disclaimer: Mutual Fund Investments are subject to market risks, read all scheme related documents carefully before investing.