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Introduction to the Fund
Axis Mutual Fund is sponsored by Axis Bank is India’s leading financial institution. It was incorporated in January 2009, and the fund house launched its first scheme in October that year. Today, the fund house has about 52 schemes with more than 20 lakh investors. As on 31st March 2018, the assets under management of the schemes of Axis Mutual Fund as at were Rs. 66,998.40 crores.
Axis Mutual Fund
Axis Mutual Fund offers schemes across 4 categories-Debt, Equity, Hybrid/Balanced and Fund of Funds of ETF and Special Situation Funds. There are 10 schemes in the Debt category, the Equity scheme has 5 schemes, while the Hybrid category has 6 schemes. The Fund of Fund ETF and Special Situation Fund has 3 schemes and 1 scheme, respectively.
This mutual fund type is less risky and invests in debt-market instruments like bonds, debentures, government securities and other fixed income securities. Debt funds can be short-term or long-term. The returns will be in the form of interest income and capital appreciation. Various types of debt funds offered by Axis Bank are:
If redeemed / switched-out within 12 months from the date of allotment: - For 10% of investment: Nil
For remaining investment: 1% If redeemed/switched out after 12 months from the date of allotment: Nil
To generate credit risk-free returns through investments in sovereign securities issued by the
Central Government and/or State Government.
These are funds that invest only in stocks. As a result, they are usually considered high risk, high return funds. Most growth funds – the ones that promise high returns over a long-term – are equity funds.
These funds have less tax liability in the long-run as compared to debt funds. Equity funds can be further classified into types based on the investment objective into index funds, sector funds, tax-saving schemes and so on.
If 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.
If 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
If redeemed / switched-out within 12 months from the date of allotment,
For remaining investments: 1%. If redeemed / switched - out after 12 months from the date of allotment: NIL.
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)
These are funds which invest in both equities as well as debt instruments. For this reason, they are less risky than equity funds, but more than debt funds. Similarly, they are likely to give you higher returns than debt funds, but lower than equity funds. As a result, they are often called ‘Balanced Funds’.
The various Hybrid funds offered by Axis are:
If redeemed/switch out within 12 months from the date of allotment:
For 10% of investment: Nil
For remaining investment: 1%. If redeemed/switch out after 12 months from the date of allotment: Nil (w.e.f. 15th June 2015)
For remaining investment: 1% If redeemed/switch out after 12 months from the date of allotment: Nil (w.e.f. 15th June 2015)
If redeemed/ switched-out within 12 months from the date of allotment,
For10%of investments: NIL •Forremaininginvestment:1%. If redeemed / switched - out after 12 months from the date of allotment: NIL
Alternatively, you can also walk into a branch and seek advice from dedicated Relationship Managers on how to invest in Axis mutual Funds.
In this fast-paced world, where everything is at the click of an app, investment in Mutual Fund be left is no exception. Axis Mutual Fund EasyApp is a facility for existing investors of Axis Mutual Fund to track their investments and perform transactions on the go. The credentials for logging in is the same as the website. Through EasyApp you can:
Apart from the Easy App, Axis Mutual Funds also offers EasyCall and Easy SMS which allows you to invest and track your portfolio through simple call or SMS.
What is Systematic Transfer Plan?
Systematic Transfer Plan (STP) is the facility where in an investor invests a lump sum amount in one scheme and regularly transfers a pre-defined amount into another scheme.
2. What is SIP?
The i SIP facility enables you to invest in SIPs through online mode. An existing individual investor can register SIP online. Investor need to have Net banking with utility payment facility enabled with bank registered in the folio. The terms and conditions (like minimum amount, load applicable and dates for SIP etc.) is same for iSIP as it is for normal SIP.
3. How should I complete the KYC Facility?
You need to download and Fill the KYC form. Individuals need to click for (New) KYC Form, while companies also need to fill in the annexure. Attach the required documents and undergo the In-Person Verification (IPV) from Any SEBI registered intermediary (e.g. Axis Asset Management Company Limited), NISM/AMFI certified distributors who are KYD compliant or Scheduled Commercial Banks (in case of Direct investment). Then submit the KYC form along with necessary documents at the nearest Investor Services center or any other intermediaries of KRA's as mandated by SEBI.
4. What is a Consolidated Account statement (CAS) and when will I receive it?
Consolidated Account Statement is a single account statement that consolidates financial transactions in all folios of an investor across all schemes of all mutual funds. It will be sent either on or before the tenth day of succeeding month.
5. How do I calculate returns on my mutual fund units?
You can calculate returns through 2 methods: Absolute returns and annualized returns. Absolute return is the simple increase (or decrease) in percentage terms in your investment, while annualized returns measures the rate of return over an investment period.
6. What are actively managed funds and passively managed funds?
A fund which offers returns by mimicking the index are called passively managed funds. But the funds that buy and sell assets on the basis the research of the fund manager are called Actively Managed funds.
Axis Healthcare ETF: NFO from Axis Mutual Fund5 May 2021
Axis Mutual Fund announces the NFO (New Fund Offer) of Axis Healthcare ETF. The NFO is available from 30th April to 10th May. The scheme will help investors invest in the healthcare sector and is ideal for long-term investors with an objective of wea...
Axis Mutual Fund announces the NFO (New Fund Offer) of Axis Healthcare ETF. The NFO is available from 30th April to 10th May. The scheme will help investors invest in the healthcare sector and is ideal for long-term investors with an objective of wealth creation. The fund will be benchmarked against the NIFTY Healthcare TRI index.
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