Axis Equity Funds

About Axis Mutual Fund

The official name of Axis Mutual Fund is Axis Asset Management Company Ltd., the mutual fund investment arm of Axis Bank (formerly known as Unit Trust of India), one of India’s major private banks. Axis Bank owns 74.9 percent of AMC, while Schroder Singapore Holdings Private Limit owns the remaining 24 percent. Axis Mutual Fund is a well-known fund institution in India. The Asset Management Company (AMC) that runs Axis’ mutual fund schemes is Axis Asset Management Company Limited. Since its inception in 2009, the Mutual Fund House has expanded to over ninety cities. Axis Mutual Fund provides about 68 mutual fund schemes in a number of industries to fulfil consumers’ diverse and increasing demands.

What Are Axis Equity Mutual Funds?

Axis MF Equity funds seek to provide investors with the potential to build their wealth over time. These funds primarily invest in equities and equity-related securities in the proportion mentioned in the fund’s scheme information materials. Following an in-depth study, the fund manager will choose quality equities to ensure that portfolio returns remain in line with expectations and category benchmarks. The underlying stock selection technique might be value/growth or growth at a fair price. Capital appreciation occurs when the underlying stock values rise over a particular investment horizon. It also happens when the fund’s announced dividends are reinvested to buy more scheme units. The Axis MF Equity fund, on the other hand, does not guarantee that the investment objective will be met.

When compared to debt and balanced funds, Axis MF equity funds have moderate to high market risk. The fund’s value may fluctuate in response to changes in the underlying stock price. Stock market price and volume movements, interest rates, currency rates, government policies, tax regulations, and other economic factors may all have an impact on stock values. The degree of risk is also determined by the degree of portfolio diversity. Sector / theme-based Axis MF Equity funds are more volatile in the market than diversified equity funds. Similarly, large-cap equity funds will be less risky than small-cap/mid-cap equity funds. Before engaging in a scheme, investors should examine their personal risk tolerance.

Who Should Invest In Axis Equity Funds?

Axis MF Equity funds are appropriate for investors seeking long-term wealth gain over a 5-year or longer time horizon. Because the fund value fluctuates with market movements, these funds are intended for individuals with a higher risk tolerance. Axis MF Equity funds’ high-return potential makes them appropriate for long-term goals such as children’s education, retirement preparation, and property ownership. To realise the full potential of equity funds, you must remain involved for the duration of the investment horizon, which should be 10-12 years or longer. This may also include storing only surpluses in these accounts that you will not need in the near future and are intended for long-term investments.

Nav Of Axis Equity Funds (As of 9th November 2022)

Fund Managers

• Mr Shreyash Devalkar

Shreyash Devalkar graduated from UDCT in Mumbai with a Bachelor of Chemical Engineering and a Master of Management Studies in Finance from Jamnalal Bajaj Institute of Management Studies.

Mr Devalkar began his career as an Executive Engineer with Larsen & Toubro Limited in 1999. He went on to become a manager at Calyon Bank in 2003. JP Morgan Services India Ltd. hired him as an Analyst in 2004. He then rose to the position of Vice President of Research at IDFC Capital Ltd. Mr Devalkar was then elevated to vice president of investments at IDFC Asset Management Company Ltd. BNP Paribas Asset Management India Private Ltd hired him as an Equity Analyst in the PMS division in 2011. He was elevated to Fund Manager of Equities for the same business the following year.

Mr Devalkar has been the Senior Fund Manager for Axis Bank Mutual Fund investing programs since 2016. Shreyash Devalkar is the manager of several prominent funds, including the Axis Multicap Fund, the Axis Mid Cap Fund, and the Axis Bluechip Fund. In the fiscal year 2017-18, the Axis Bluechip Fund returned 21.5%, a considerable rise above other Bluechip Funds managed by other AMCs.

• Mr Anupam Tiwari

Anupam Tiwari has been the Equity Fund Manager at Axis Mutual Funds since 2016. He also worked as a Senior Equity Analyst at Reliance Capital Asset Management Company Ltd., where he specialised in infrastructure, utilities, media, and capital goods, among other industries.

Mr Tiwari thereafter handled mid and large size portfolios as Equity Fund Manager at Reliance Life Insurance Company Limited. After quitting his previous employment, he took the same role at Principal PNB Mutual Fund. Anupam Tiwari is the manager of many funds, including the Axis Small Cap Fund, the Axis Equity Saver Fund, and the Axis Dynamic Equity Fund.

• Mr Jignesh Gopani

Jinesh Gopani has thirteen years of financial markets experience. He spent four of those years managing equity funds. He has been the Fund Manager of Equities at Axis Asset Management Company Ltd. since 2011, and he possesses an MMS in Finance from Mumbai University. He was previously the Assistant Fund Manager of equities. Prior to joining Axis Mutual Fund, he served as Portfolio Manager at Birla Sun Life Asset Management Company Ltd. He was the Portfolio Manager at Birla Sun Life Asset Management Company Ltd before joining Axis Mutual Fund. He formerly worked at Voyager India Capital Pvt. Ltd. as a Portfolio Manager and Research Analyst.

The Axis Long Term Equity Fund, the Axis Growth Opportunities Fund, and the Axis Focused 25 Fund are Mr Gopani’s primary funds.

• Mr Devang Shah

Mr Shah has more than 14 years of experience, including five years with Axis AMC. In addition, he is a Chartered Accountant with a commerce degree. PricewaterhouseCoopers, Deutsche AMC, and ICICI Prudential AMC are among his past employers. 

• Mr. R. Sivakumar

Sivakumar graduated with honours from the Indian Institute of Technology in Madras and the Indian Institute of Management in Ahmedabad. His career as a Research and Investment Analyst at Zurich India AMC and ITC Threadneedle AMC began in 1998. Mr. Sivakumar also worked with Sundaram Asset Management Company Ltd as the Fixed Income Fund Manager. He was also a Fund Manager at Fortis Investments, where he rose to Chief Operating Officer. Since 2009, R. Sivakumar has been the Head of Fixed Income at Axis Mutual Fund in India.

How To Invest In Axis Equity Funds?

Axis Mutual Fund plans can be invested in three ways:

• Axis Mutual Fund’s website
• AMFI-registered Mutual Fund Distributor
• Kuvera 

The first option allows for direct investing in Axis Equity Funds via the company’s website. If you are a first-time customer, you must create an account on the website. If you are an existing customer, just enter your user ID and password to get access to your account. If you invest in many mutual fund companies, you must repeat this process for each fund firm. Furthermore, you must keep track of your assets separately with each fund firm. This can be exhausting and time-consuming.

Investing through a distributor is an option, but the expense ratio will be greater because the distributor will receive a commission on your investment. As a result, mutual fund scheme returns are lowered.

Investing in direct plans from Axis Equity Funds using the Kuvera platform without paying a fee or brokerage.

You only need to register once to start investing in schemes from various investment providers. Because Kuvera is a direct investing platform, you can select from a wide range of Axis Equity Funds with low expense ratios. Kuvera also helps you to keep track of your current portfolio. You can keep track of your previous and new investments in one place, making it much easier to maintain track of them and make better informed decisions.

In addition to the foregoing, the Kuvera investing platform provides relevant data such as the fund’s previous performance, consistency of returns, fund history, fee ratio, and exit load.

You can avoid paying commissions by investing in Axis direct mutual funds online with Kuvera. It is the greatest platform for investing in mutual funds since it is completely free and assists you in finding the ideal investment for your life objectives.

To invest in mutual funds with Kuvera, complete the procedures below:

Step 1: Register at www.kuvera.in.

Step 2: Finish the KYC procedures and connect your bank account.

Step 3: In the Explore area, click on MF to select mutual funds for investment.

Documents Required In Order To Invest In Axis Equity Fund/ Kuvera

KYC (Know Your Client) paperwork includes verification of residence and identification. Here is a collection of officially valid documents that are acceptable.

• PROOF OF IDENTITY

• • Driving License
  • Passport
  • Aadhaar Card
  • PAN Card (Mandatory)
  • Voter ID Card
  • Any other valid identity card issued by Central or State Government

• PROOF OF ADDRESS

• • Passport
  • Ration Card
  • Aadhaar Card
  • Voter ID Card
  • Driving License
  • Bank account statement or bank passbook
  • Utility bills like electricity or gas bills

While these are some of the fundamental documentation needs, submitting all of them is a time-consuming procedure that may cause your investment plans to be delayed. Here, Kuvera provides a paperless and rapid answer.

You can complete your KYC in under two minutes by submitting images of your identification and address proofs. This contains your PAN and one of the papers listed below: Aadhaar, Voter ID, Driver’s License, or Passport, together with your signature, a selfie, and a live video of yourself, verifying your identity: Kuvera’s quick KYC procedure makes investing straightforward and painless.

FAQs

• Is It Safe To Invest In Axis Mutual Fund Schemes?

Axis Mutual Fund is one of the country’s major Asset Management Companies (AMCs) and is regulated by SEBI. In terms of safety, it all depends on how you define it. When it comes to market-linked assets like mutual funds, no AMC can guarantee the protection of your wealth. It is essential to examine and select a fund that meets your needs.

• How Can I Cancel My Ongoing SIP In An Axis Mutual Fund Scheme?

If you want to cancel your ongoing SIP with any Axis Mutual Fund plan, you must go to the official website or the online investing platform that you used to set up the SIP. Log in to your account and choose the investment that you want to cancel. To stop the SIP, follow the instructions. You can also go to the AMC branch and request that the SIP be canceled.

• How Do I Download The Investment Statement For Axis Mutual Fund?

Enter your Folio Number or PAN Number to get your Axis Mutual Fund investment statement emailed to you.

Follow the instructions:

• • Step 1: Navigate to the Axis Mutual Fund’s website.
  • Step 2: Input your Folio or PAN number.
  • Step 3: Determine a Timefra
  • Step 4: Select the “Email Statement” option.

• How Can I Increase My Axis Mutual Fund SIP Amount?

Step-up or top-up SIPs can be used to increase the amount of an Axis Mutual Fund SIP. Earlier, only a small number of fund houses offered this service. Now, however, the most of them do provide it, although it is still a good idea to first verify with the fund house. It is advised to use the Step-up Calculator to determine the SIP Amount if the facility is available before making any decisions.

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