Axis Mutual Fund, a subsidiary of Axis Bank, is one of the leading Asset Management Companies (AMCs) in India. Established in October 2009, Axis MF has grown into a trusted name offering a wide range of schemes across equity, debt, hybrid, ETFs, and fund-of-funds. Known for its disciplined investment practices, investor-centric approach, and long-term wealth creation strategies, Axis MF has attracted both beginners and experienced investors.
Quick Snapshot of Axis Mutual Fund 📌 Established: 2009 📌 Parent Company: Axis Bank 📌 Schemes: Equity, Debt, Hybrid, ETF, FoFs 📌 Minimum SIP: ₹500 (some funds ₹1,000 or ₹2,500) 📌 AUM (as of 2024): Over ₹2.6 Lakh Crore+
Popular Axis Mutual Fund Schemes (With Returns & Expense Ratios)
| Scheme Name | Category | Inception | Expense Ratio | 5-Year CAGR | Minimum SIP |
|---|---|---|---|---|---|
| Axis Bluechip Fund (Direct – Growth) | Large Cap | Jan 2010 | 0.66% | ~11.2% | ₹500 |
| Axis Midcap Fund (Regular – Growth) | Mid Cap | Feb 2011 | 1.61% | ~15.4% | ₹1,000 |
| Axis Small Cap Fund (Direct – Growth) | Small Cap | Nov 2013 | 0.55% | ~21.8% | ₹2,500 |
| Axis Flexi Cap Fund (Direct – Growth) | Flexi Cap | Nov 2017 | 0.72% | ~13.6% | ₹500 |
| Axis ELSS Tax Saver Fund | ELSS (Tax Saving) | Dec 2009 | 1.54% (Reg) | ~12.1% | ₹500 |
| Axis Balanced Advantage Fund | Hybrid | 2017 | 2.09% | ~9.4% | ₹500 |
Illustration: SIP Calculation Example
Let’s assume Arvind starts a SIP of ₹2,500 per month in Axis Small Cap Fund (Direct-Growth) for 5 years, expecting ~30% returns:
- Invested Amount = ₹1,50,000
- Expected Value after 5 years = ₹3,50,834
- Wealth Gain = ₹2,00,834
Fund Allocation Strategy at Axis MF
Axis MF allocates its funds based on investor risk profiles:
- Equity Funds: 65–100% in equities, high risk, high return potential.
- Debt Funds: 80–95% in bonds, G-Secs, debentures – lower risk, stable returns.
- Hybrid Funds: Mix of debt and equity for balanced risk.
- ELSS (Tax Saver): 80%+ in equities, 3-year lock-in, tax-saving under 80C.
Expense Ratio Comparison
Expense ratios indicate the cost of fund management. Axis Mutual Fund’s direct plans have lower expense ratios compared to regular plans, making them more cost-efficient for long-term investors.
Tax Implications on Axis Mutual Funds
- Equity Funds: Gains up to ₹1 lakh per year are tax-free. Above ₹1 lakh, LTCG tax of 10% applies without indexation.
- Debt Funds: Taxed as per income slab if held for less than 3 years; post 3 years, 20% with indexation benefits (if applicable under latest tax rules).
- ELSS Funds: Eligible for tax deduction up to ₹1.5 lakh under Section 80C.
Who Can Invest in Axis Mutual Funds?
Eligible investors include:
- Resident Individuals (single/joint)
- HUFs, Minors through guardians
- NRIs, PIOs, OCIs
- Companies, Trusts, LLPs
- Provident/Pension Funds, Research Organizations, Institutions
Final Thoughts: Should You Invest in Axis MF?
Axis Mutual Fund offers a strong portfolio of schemes for beginners, long-term investors, and tax-saving seekers. If you want steady wealth creation with credible fund management, Axis MF can be a good choice. However, fund performance varies depending on market conditions, so always align your investments with your risk profile, financial goals, and time horizon.