Axis Mutul Fund Details & Review

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Product is rated as #1 in category Mutual Fund Apps
9.4
Customer Service9.1
Staff Courtesy9.5
Rating8.6

Axis Mutual Fund launched its first scheme in October 2009 Since then Axis Mutual fund has grown strongly.

Axis Mutul Fund Details & Review
Axis Mutul Fund Details & Review

Description

ABOUT AXIS MUTUAL FUND

Axis Mutual Fund is the seventh largest mutual fund house by asset size in India. The fund house manages assets worth (AUM) of Rs 1.34 lakh crore for the quarter ending June, 2020. The asset size of the fund house decreased by 2.90% from its March 2020 quarterly figure. The fund house has been around nearly for 11 years.

Key Information
Mutual Fund Axis Mutual Fund
Setup Date Sep-04-2009
Incorporation Date Jan-13-2009
Sponsor Axis Bank Limited
Trustee
Axis Mutual Fund Trustee Limited
Chairman N.A
CEO / MD
Mr. Chandresh Kumar Nigam
CIO N.A
Compliance Officer
Mr. Darshan Kapadia
Investor Service Officer
Mr. Milind Vengurlekar
Assets Managed
Rs. 196548.66 crore (Mar-31-2021)

 

Other Details
Auditors
M/s S R Batliboi & Co. (Mutual Fund) and and M/s Haribhakti & Co. (AMC)
Custodians
Deutsche Bank A. G. and The Bank of Nova Scotia (In case of Axis Gold ETF).
Registrars
Karvy Fintech Pvt. Ltd.
Address
Axis House, 1st Floor, C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai 400025
Telephone Nos. 022-43255161
Fax Nos. 022-43255199
E-mail
customerservice@axismf.com
Source – AMFI

Company Description: Axis Mutual Fund which has Axis Bank as its sponsor is one of the largest mutual funds in India. Axis Asset Management Company (Axis AMC) is the investment manager of Axis Mutual Fund which has Axis Bank and Schroders as its principal shareholders. Axis AMC has investment capabilities covering equity, fixed income, real estate and multi-asset solutions. Apart from managing Axis Mutual Fund, Axis AMC also offers other alternative investment management services including through alternative investment funds (AIF), portfolio management services (PMS) and advisory services to offshore funds/investors.

Axis Mutual Fund Charges

Axis Account Opening Charges Nil
Axis Mutual Fund AMC Fees
Axis Mutual Fund Transaction Charges Rs 100 for new investors. Rs 150 for investments above Rs 10,000; No transaction charges would be applicable on subscription below 10,000/- & on direct mutual funds
Axis Mutual Fund Commission Upto 1% on regular mutual funds
Axis Mutual Fund DP Charges Rs 1770 a year
Other Charges

No fees are charged to start an account with an Axis Direct mutual fund. The amount and kind of mutual fund investment will determine the transaction fees you must pay for each subscription (Direct or Regular). If you are investing in ordinary mutual funds through Axis Direct, your returns may be 0.25 percent to 1 percent lower than if you were to invest directly in a mutual fund company.

Axis Mutual Fund SIP

Investing in Axis Bank can be done in either a flat payment or as a SIP. It’s best to invest a substantial chunk of money in a single transaction. Investments in Axis mutual funds through systematic investment plans (SIPs) can be made with as little as Rs 500. In order to meet your investing goals, you can select a certain investment interval and quantity. SIP investments may be made using Net Banking and debit cards at Axis bank. SIP investments can be automatically deducted from your bank account each month by completing the SIP bank mandate form.

Axis Mutual Fund Investment Platforms

Axis Bank’s websites, Axis Bank, Axis Direct, and Axis MF, all enable customers to invest in mutual fund schemes. Direct & regular investments from 23 fund companies are available on all platforms. Axis Bank Mutual Fund plans provide the following investment options:

Axis Mutual Fund EasyApp

Existing Axis Mutual Fund investors may use the EasyApp to keep track of their investments and make purchases from virtually anywhere. There are also educational movies to assist investors in making their selection of Axis Bank Mutual Fund plans. There is no need to re-enter your username and password if you already have an EasyInvest account. Logging in to websites and apps may both be done using the same set of credentials.

Axis Mutual Fund Website

It’s a Mutual Funds-only website. To begin investing, go to the AxisMF website and create an account. Because it’s a browser-based system, you can access it from any computer with your login credentials, regardless of where you are or what device you’re using. The features of the Axis Mutual Fund Website are identical to those of EasyApp. The login credentials you generated for the Axis Mutual Fund Mobile App will work here as well.

Key Features of Axis Mutual Fund Website

  • Mutual fund plans can be invested, switched, and redeemed with ease.
  • SIP or lump sum investments are also viable options.
  • Find out how much money you’ve saved and invested.
  • Choose from a variety of mutual fund schemes.
  • The ability to invest in a mutual fund in a matter of minutes.
9.4Expert Score
Axis Mutul Fund Details & Review
Axis Mutul Fund Customer Reviews
Axis Mutual Fund launched its first scheme in October 2009 Since then Axis Mutual fund has grown strongly.
Customer Service
9.1
Staff Courtesy
9.5
Rating
8.6
PROS
  • Offers both direct and regular mutual funds
  • Offers more than 6,000 mutual funds from 23 different fund houses
  • Offers in-house Axis bank mutual fund schemes
  • Provides a dedicated mutual fund website and mobile app for investment
  • Can contact customer care online or offline
CONS
  • Charges commissions on regular schemes
  • Axis Mutual Fund mobile app has very basic features
  • Charges transaction cost which is not charged by many other mutual fund providers

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