Axis Bank Equity Mutual Funds

The Axis Mutual Equity Fund is an equity-linked mutual fund scheme that primarily invests in equity and equity-related underlying stocks that can provide significant returns. The funds cater to the needs of investors who wish to gain aggressive capital appreciation over the long run by using a diverse investment portfolio. This fund has been in existence for 13 years and has assets worth over Rs. 2,48,992 crore under its management. This fund has deployed 99.13% of its capital in domestic equities, out of which 61.02% is in large-cap stocks, 18.56% in mid-cap stocks, and 4.2% in small-cap stocks. This scheme has a three-year lock-in period and has returned an average of 10.87% of a five-year period.

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Best Mutual Funds 2024

Result Showing 1-25 of 90 Mutual Funds

    Mutual Fund Schemes
    Category
    Nav
    5Y Returns
    AUM
    (in Cr.)
    Compare
    equity
    53.31Feb 23, 2024
    29%
    ₹18,615

    Add to Compare

    equity
    101.90Feb 23, 2024
    30%
    ₹18,615

    Add to Compare

    equity
    89.51Feb 23, 2024
    28%
    ₹18,615

    Add to Compare

    equity
    46.24Feb 23, 2024
    27%
    ₹18,615

    Add to Compare

    equity
    29.36Feb 23, 2024
    22%
    ₹10,722

    Add to Compare

    equity
    24.88Feb 23, 2024
    22%
    ₹10,722

    Add to Compare

    equity
    102.88Feb 23, 2024
    22%
    ₹24,563

    Add to Compare

    equity
    51.58Feb 23, 2024
    21%
    ₹24,563

    Add to Compare

    equity
    19.95Feb 23, 2024
    21%
    ₹10,722

    Add to Compare

    equity
    89.81Feb 23, 2024
    20%
    ₹24,563

    Add to Compare

    equity
    27.07Feb 23, 2024
    20%
    ₹10,722

    Add to Compare

    equity
    39.64Feb 23, 2024
    20%
    ₹24,563

    Add to Compare

    equity
    23.95Feb 23, 2024
    17%
    ₹11,375

    Add to Compare

    equity
    16.56Feb 23, 2024
    17%
    ₹11,375

    Add to Compare

    equity
    22.00Feb 23, 2024
    15%
    ₹11,375

    Add to Compare

    equity
    15.36Feb 23, 2024
    15%
    ₹11,375

    Add to Compare

    Axis NIFTY 50 ETF
    • Risk
    • Very High

    equity
    238.91Feb 23, 2024
    16%
    ₹530

    Add to Compare

    equity
    60.21Feb 23, 2024
    15%
    ₹33,171

    Add to Compare

    equity
    24.79Feb 23, 2024
    15%
    ₹33,171

    Add to Compare

    equity
    32.54Feb 23, 2024
    14%
    ₹13,861

    Add to Compare

    equity
    53.77Feb 23, 2024
    15%
    ₹13,861

    Add to Compare

    equity
    53.00Feb 23, 2024
    14%
    ₹33,171

    Add to Compare

    equity
    17.64Feb 23, 2024
    13%
    ₹33,171

    Add to Compare

    equity
    47.20Feb 23, 2024
    13%
    ₹13,861

    Add to Compare

    equity
    18.50Feb 23, 2024
    13%
    ₹13,861

    Add to Compare

    Result Showing 1-25 of 90 Mutual Funds

    Investment Objective

    The main objective of the Axis Mutual Equity Fund is to provide its investors with a chance to grow wealth over a long investment period. This scheme mainly invests in equity and equity-linked securities according to the ratio stated in the fund’s mandate. The underlying stocks are picked by the fund manager after thorough research to ensure that the returns from the portfolio are aligned with the category benchmark and expectations.

    The strategy to select the underlying stock selection strategy can be based on growth/value/ or growth at rational prices. Capital appreciation is a result of the underlying stock prices over a set investment period. This can also be when the dividends provided by the fund are reinvested to fund the purchase of additional units of the fund. The investor should know that the Axis Mutual Equity Fund does not guarantee that the investment objective will be met.

    Risks Involved in Axis Mutual Equity Funds

    The Axis Mutual Equity Fund has moderately high to high market risk as opposed to balanced or debt funds. The fund price might fluctuate according to changes in the price of the underlying stocks. The price of the stock might change due to a change in the volume, exchange rates, interest rates, tax reforms, and other economic developments. 

    The risk extent is also dependent on the portfolio diversification level. Sector or theme-based Axis Mutual Equity Fund has higher market risk than a diversified equity fund portfolio. Likewise, large capitalisation funds have a lower investment risk in comparison to small-cap or mid-cap funds.

    Return Potential of Axis Bank Equity Mutual Funds

    The returns generated by this scheme correspond to the risk assumed by the individual. These funds usually provide higher returns than balanced or debt funds. These funds deliver an average 12% return over an investment horizon of five years. However, there is no assurance of promised returns, and the performance of these funds from one time period to the other.

    Due to the higher risk factor, a focussed mutual fund has the ability to deliver higher returns than diversified equity portfolios. Alternatively, large cap funds can provide steady returns across different market cycles. A potential investor can consider adding small-cap or mid-cap funds to their portfolio to boost returns.

    Who Should Invest in Axis Bank Equity Mutual Funds?

    Mutual fund schemes are best suited for individuals who wish to generate long-term capital appreciation over a period of five years or more. Since the fund values are subject to market volatility, these funds are suited for investors with a high tolerance for risk. The higher return potential of the Axis Mutual Equity Fund makes them perfect for achieving long-term goals like purchasing property, retirement planning, wedding expenses, etc.

    To fully utilise the return generating potential of these equity funds, the investor needs to park the funds throughout the investment horizon, which can be up to 12 years and more. This means that the investor should consider parking only such surplus funds in this scheme which they do not require in the immediate future.

    Tax on Axis Bank Equity Mutual Funds

    You cannot sell your Axis Mutual Equity Fund within three years of the purchase date. When you sell your investment after three years, long term capital gains tax will be applicable. If your long term capital gains tax exceeds Rs. 10 lakhs, the proceeds will be taxed at 10%. Nevertheless, you can claim income tax deductions on your taxable income in accordance with the rules of Section 80 C of the Income Tax Act. The eligible tax deductions are limited to Rs. 1.5 lakh per year.

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    Frequently Asked Questions (FAQs) About Axis Bank Equity Funds

    How is Axis Mutual Equity Fund doing?

    The Axis Mutual Equity Fund is doing extremely well. The fund has always provided high and steady returns. It has been in existence for over 10 years and has provided an annual return of 18%. It has been ranked in the top 3 equity mutual funds categories for six of the previous 11 years.

    Is Axis Mutual Equity Fund safe?

    Yes, it is absolutely safe to invest in Axis Mutual Equity Fund, similar to any other reputed mutual fund provider. The AMC is registered with AMFI, SEBI, and all other regulatory authorities. However, investments in mutual funds are subject to market volatility, so it is imperative to analyse your risk profile and make your investment decision.

    Is it good to invest in equity funds?

    Yes, it is good to invest in equity funds. When you make an investment in equity mutual funds, you opt for a basket of multiple securities of various companies. This diversification provides a buffer against larger losses when the market is low. So, even though you have to deal with fluctuations, the risk factor is significantly reduced.
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