Axis Bank Limited is the sponsor, while Axis Asset Management Company (Axis AMC) is the investment manager of Axis Mutual Fund. Axis Mutual Fund launched its 1st scheme in October 2009 and has grown enormously. It follows three founding principles - Long-term wealth creation, Outside in (Customer) view and long-term relationship. It offers a well-rounded product suite comprising around 78 Schemes and has a presence in over 100 cities.
As of March 31, 2024, Axis AMC reported Average Assets Under Management (AUM) for its Axis Mutual Fund schemes at Rs. 2,75,166 Crores. Axis AMC has investment capabilities that cover fixed-income, equity, real estate, and multi-asset solutions.
Key Information About Axis Mutual Fund
How to Invest in the Axis Mutual Fund
Investing in the best Axis Mutual Funds can be a complex process. To make it easier, here is a step-by-step guide:
1. Choose Your Mutual Fund Type
According to your risk tolerance (low, mid, or high) and financial goals, choose your mutual types, such as equity, debt, hybrid, index, and sector funds.
2. Select a Mutual Fund Scheme
After carefully analysing the historical returns, expense ratio, reviews, and ratings of different schemes, choose your preferred Axis Mutual Fund.
3. Login or Open a Demat Account
Log in to your Stack Wealth account. If you do not have an account, you can register with your mobile number and create a new one immediately.
4. Complete KYC (Know Your Customer) Requirements
The next step involves providing personal information and verifying identity. You must upload a government-issued ID such as PAN, Aadhar and proof of address. Follow the app guidelines to ensure a seamless process.
5. Select Investment Mode (SIP or lumpsum)
If you prefer regular, disciplined investing, you can set up a periodic systematic investment plan (SIP). You can also make a lump-sum investment if you have a large amount to invest. Select the investment period of your choice.
6. Confirm and Track Your Investment
After setting up your investment, relax and let your money grow. The Stack Wealth app will provide consistent updates and reports on your portfolio’s performance. You can also adjust your investments or withdraw funds as needed.
List of Best Axis Mutual Funds in India
Here is the list of some of the best Axis Mutual Funds in India:
* All data as of 31 Dec 2024
Detailed Overview of Axis Mutual Fund Schemes
Now, let’s discuss these 10 Axis mutual fund schemes in detail:
1. Axis Balanced Advantage Fund-Direct-Growth Plan
Axis Balanced Advantage Fund is a hybrid fund investing in debt instruments and equity based on market conditions. It uses a systematic rules-based model to adjust the equity allocation over time dynamically.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 13.39% and 13.73%, respectively. In three years, the current value of an Investment of ₹1,00,000 will become around ₹1,46,000.
- Minimum Investment Amount: The minimum lump sum for the Axis Balanced Advantage Fund is ₹100, minimum additional investment is ₹100, and for SIP, it is ₹100.
2. Axis ELSS Tax Saver Fund-Direct-Growth Plan
Axis ELSS Tax Saver Fund is an open-ended diversified equity-linked savings scheme (ELSS) investing in a mix of large caps and select midcaps with tax benefits and a statutory lock-in of 3 years.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 8.86% and 14.50%, respectively. In three years, the current value of an Investment of ₹1,00,000 will become around ₹1,29,000.
- Minimum Investment Amount: The minimum lump sum for the Axis ELSS Tax Saver Fund is ₹500, minimum additional investment is ₹500, and for SIP, it is ₹500.
3. Axis Treasury Advantage Fund-Direct-Growth Plan
Axis Treasury Advantage Fund is an open-ended, low-duration debt scheme that invests in short-term debt and money market instruments. The portfolio's Macaulay duration is between 6 and 12 months.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 6.69% and 6.35%, respectively. In three years, the current value of an Investment of ₹1,00,000 will become around ₹1,21,000.
- Minimum Investment Amount: The minimum lump sum for the Axis Treasury Advantage Fund is ₹5000, minimum additional investment is ₹1000, and for SIP, it is ₹1000.
4. Axis Bluechip Fund-Direct-Growth Plan
Axis Bluechip Fund is an open-ended equity scheme that invests chiefly in a diversified portfolio of equity and equity-related securities of large-cap companies, including derivatives.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 9.06% and 13.92%, respectively. In three years, the current value of an Investment of ₹1,00,000 will become around ₹1,30,000.
- Minimum Investment Amount: The minimum lump sum for the Axis Bluechip Fund is ₹100, minimum additional investment is ₹100, and for SIP, it is ₹100.
5. Axis Multi Asset Allocation Fund-Direct-Growth Plan
Axis Multi Asset Allocation Fund is an open-ended 3-in-1 investment option or asset allocation fund that helps you diversify your money across three asset categories: equity, debt, and gold.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 8.42% and 13.74%, respectively. In three years, the current value of an Investment of ₹1,00,000 will become around ₹1,27,000.
- Minimum Investment Amount: The minimum lump sum for the Axis Multi Asset Allocation Fund is ₹100, minimum additional investment is ₹100, and for SIP, it is ₹100.
6. Axis Gilt Fund-Direct-Growth Plan
Axis Gilt Fund is an open-ended debt scheme investing in government securities portfolio across maturity.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 6.94% and 7.44%, respectively. In three years, the current value of an Investment of ₹1,00,000 will become around ₹1,22,000.
- Minimum Investment Amount: The minimum lump sum for the Axis Gilt Fund is ₹5000, minimum additional investment is ₹100, and for SIP, it is ₹1000.
7. Axis Innovation Fund-Direct-Growth Plan
Axis Innovation Fund is an open-ended equity scheme that predominantly invests in equity and equity-related securities of companies with an innovation theme.
- Fund Performance: The fund's annualized returns for the past one and three years have been around 28.88% and 12.60%, respectively. In three years, the current value of an Investment of ₹1,00,000 will become around ₹1,43,000.
- Minimum Investment Amount: The minimum lump sum for the Axis Innovation Fund is ₹100, minimum additional investment is ₹100, and for SIP, it is ₹100.
8. Axis Aggressive Hybrid Fund-Direct-Growth Plan
Axis Aggressive Hybrid Fund is an open-ended hybrid scheme investing 65-80% in equity and the rest in debt.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 8.78% and 13.42%, respectively. In three years, the current value of an Investment of ₹1,00,000 will become around ₹1,29,000.
- Minimum Investment Amount: The minimum lump sum for the Axis Aggressive Hybrid Fund is ₹500, minimum additional investment is ₹500, and for SIP, it is ₹100.
9. Axis Floater Fund-Direct-Growth Plan
Axis Floater Fund is an open-ended debt scheme predominantly investing in floating rate instruments.
- Fund Performance: The fund's annualized returns for the past one and three years have been around 9.61% and 7.38%, respectively. In three years, the current value of an Investment of ₹1,00,000 will become around ₹1,24,000.
- Minimum Investment Amount: The minimum lump sum for the Axis Floater Fund is ₹5000, minimum additional investment is ₹1000, and for SIP, it is ₹1000.
10. Axis India Manufacturing Fund-Direct-Growth Plan
Axis India Manufacturing Fund is an equity scheme (open-ended) that invests in Indian manufacturing companies. Its goal is to capitalise on the country’s growing manufacturing sector.
- Fund Performance: The fund's annualized returns in the last 1 year have been around 35.22%. In one year, the current value of an Investment of ₹1,00,000 will become around ₹1,36,000.
- Minimum Investment Amount: The minimum lump sum for the Axis India Manufacturing Fund is ₹500, minimum additional investment is ₹100, and for SIP, it is ₹100.
Top Fund Managers
Below is the list of people who have made Axis Mutual Fund Investment a standout choice in a highly competitive market.
1. Shreyash Devalkar
Shreyash Devalkar is the Head of Equity at Axis AMC. He has over 20 years of experience in equity markets. He joined in 2016 as a fund manager and was elevated to the role in 2023. He manages several flagship funds at Axis AMC, including the Axis ELSS Tax Saver Fund, Axis Midcap Fund, Axis Bluechip Fund, and Axis Growth Opportunities Fund.
2. Sachin Relekar
Sachin Relekar has over two decades of experience and joined Axis Mutual Fund (AMF) in January 2024 as a Senior Equity Fund Manager and Head of Research. Sachin handles the Axis Flexi Cap Fund and the Axis Focused 25 Fund.
3. Devang Shah
Devang Shah joined the Axis Fund House in 2012 as a Fund Manager and was later promoted to Head of fixed Income in 2024. He has over 20 years of industry experience, 18 of which have been spent in the Mutual Fund industry. His core responsibilities include managing top-quartile performance for all Fixed-Income Funds and client relationships. He has also been actively involved in ideation and determining the investment strategy for fixed-income funds.
4. Hardik Shah
Hardik joined Axis AMC in January 2022 as a Fund Manager. He primarily manages medium—to long-duration strategies and oversees the Axis Corporate Debt Fund, Axis Banking & PSU Debt Fund, Axis Long Duration Fund, and Axis Balanced Advantage Fund. His core area of expertise includes macro and duration strategies. Additionally, he has actively traded other income derivative instruments like interest rate swaps, bond FRAs, and IRFs in trading government securities and corporate bonds.
5. Manish Shah
Manish Shah joined Axis AMC in 2022 as the chief dealer for equities. His primary responsibilities include handling the Equity Dealing Desk and executing equity trades for various schemes. He has over thirty years of experience with extensive capital market experience.
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