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Axis Mutual Funds

Axis Mutual Funds

About This AMC

Axis Mutual Fund, established in 2009, is among the top 10 AMCs (Asset Management Companies) in India in terms of assets managed.

Axis mutual fund is a joint venture between Axis Bank, and Schroder Singapore Holdings Private Limited (SSHPL), where Axis Bank holds a 74.99% stake, while SSHPL owns the rest.

B. Gopkumar has been managing the reins of Axis Mutual Fund as MD and CEO since March 2023. With over 28 years of experience in financial services, he was the MD & CEO of Axis Securities previously.

Ashish Gupta has been appointed as Axis AMC’s Chief Investment Officer (CIO) in March 2023.

Axis Mutual Fund is home to the biggest ELSS (Equity Linked Savings Scheme) schemes in India: Axis Long Term Equity Fund (AUM of ₹30,000+ crore)

As of February 2024

Schemes

72

AUM

₹3,29,913 Cr

AUM growth

₹14,994 Cr

Fund managers

20

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Top Axis Fund Managers

₹29,211 Cr

AUM

5

Schemes

₹93,617 Cr

AUM

22

Schemes

AP

Aditya Pagaria

₹1,06,363 Cr

AUM

21

Schemes

SJ

Sachin Jain

₹85,692 Cr

AUM

18

Schemes

VJ

Vinayak Jayanath

₹2,684 Cr

AUM

1

Schemes

AT

Akhil Thakker

₹2,371 Cr

AUM

2

Schemes

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All about Axis Mutual Funds

Key Information

Mutual fund nameAxis Mutual Fund
Asset management company nameAxis Asset Management Company Ltd.
AMC Setup Date4 September 2009
AMC Incorporation Date13 January 2009
Sponsor nameAxis Bank Limited
Trustee organisationAxis Mutual Fund Trustee Limited
Name of trusteesMr. Radhakrishnan Nair, Mrs. Vijayalakshmi Iyer, Mr. G. Gopalakrishna, Mr. Venkat Chalasani, Mr. Rudrapriya Ray, Mr. Murray Coble
MD and CEOB.Gopkumar
CIOAshish Gupta
Compliance OfficerMr. Darshan Kapadia
Investor Service OfficerMr. Milind Vengurlekar
Updated as ofFebruary 2024

About Axis Mutual Funds

Axis Mutual Funds, managed by Axis Asset Management Company Ltd., is one of the prominent players in the Indian mutual fund industry. Known for its wide range of products and consistent performance, Axis Mutual Funds offers investment solutions across equity, debt, and hybrid categories. This article provides an informative overview of Axis Mutual Funds, their investment philosophy, and key schemes, while ensuring that no promotional claims are made.

Overview of Axis Mutual Funds

Axis Asset Management Company Ltd. is a wholly-owned subsidiary of Axis Bank, one of India’s leading private sector banks. Since its inception in 2009, Axis AMC has focused on creating value for investors through a disciplined and research-driven approach.

Founding Principles and Mission

  • Objective: To deliver consistent performance by following a prudent investment approach, focusing on risk management and sustainable growth.
  • Mission: Axis Mutual Funds aims to create wealth for investors by leveraging a deep understanding of the markets, a robust research framework, and a strong focus on risk management.

Investment Philosophy

Axis Mutual Funds offers a range of schemes catering to different investor needs. Here are some of the notable ones:

Axis Bluechip Fund

  • Investment Objective: This scheme aims to provide long-term capital appreciation by investing predominantly in large-cap companies with a proven track record.
  • Performance Overview: Historically, the Axis Bluechip Fund has shown a strong performance compared to its peers in the large-cap category. Investors looking for stability in returns may consider this scheme, depending on their risk profile and investment horizon.

Axis Long Term Equity Fund

  • ELSS Structure: This Equity Linked Savings Scheme (ELSS) offers tax benefits under Section 80C of the Income Tax Act, with a lock-in period of three years. The fund aims to generate long-term capital appreciation by investing in a diversified portfolio.
  • Features and Benefits: The Axis Long Term Equity Fund has been popular among investors seeking tax-saving options along with potential capital growth. It has been known for its consistent performance in the ELSS category.

Axis Liquid Fund

  • Investment Strategy: Designed for short-term investments, the Axis Liquid Fund invests in high-quality debt and money market instruments. It aims to provide liquidity with low risk.
  • Use Cases: Suitable for individuals or businesses looking to park their surplus funds temporarily, the fund provides easy liquidity and relatively better returns compared to traditional savings accounts.

Axis Mutual Funds provides a wide range of investment solutions across equity, debt, and hybrid categories. This article aims to present a neutral overview of the AMC's offerings without any promotional bias. Investors are encouraged to conduct their own research, consult financial advisors, and consider their financial goals and risk tolerance before making any investment decisions.

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