Axis Mutual Fund
Overview:
Axis Asset Management Company Ltd., commonly known as Axis Mutual Fund, operates as the investment arm of Axis Bank, one of India's largest private banking institutions. The AMC was officially incorporated in October 2009 and has since become a key player in the Indian mutual fund industry.
Ownership Structure:
- Axis Bank: Holds a 74.99% stake in Axis Mutual Fund, leveraging its vast banking network and customer base.
- Schroder Singapore Holdings Private Limited: Holds the remaining 24% stake, bringing international asset management expertise to the partnership.
Core Pillars:
Axis Mutual Fund is built on three foundational principles aimed at fostering customer engagement and promoting sound investment strategies:
1. Outside-in View: The AMC prioritizes effective communication with customers, ensuring they can make informed investment decisions in a language they understand.
2. Long-term Wealth Creation: Axis Mutual Fund emphasizes the importance of developing a long-term investment strategy to support investors in achieving sustainable wealth management.
3. Long-term Relationship: The company focuses on building enduring relationships with its investors that extend beyond mere financial transactions.
Assets Under Management (AuM):
As of March 31, 2024, Axis Mutual Fund reported an impressive ?2.74 lakh crores in total Assets Under Management (AuM), highlighting its significant presence in the market.
Product Lineup:
The mutual fund offers a comprehensive array of over 53 different schemes, catering to a wide variety of investor needs, including:
- Equity Funds: Focused on capital appreciation through equity investments.
- Debt Funds: Aimed at providing stable income through fixed-income securities.
- Hybrid Funds: Blending equity and debt for balanced risk and return.
- Thematic Funds: Concentrated investments in specific sectors or themes.
Investor Base:
Axis Mutual Fund has a robust presence across India, operating in over 100 cities and maintaining a substantial investor base of over 98 lakh active accounts. This extensive reach ensures that a diverse set of investors can access their investment solutions.
Conclusion:
Axis Mutual Fund stands out in the Indian financial landscape due to its commitment to long-term wealth creation, effective communication with clients, and a focus on building lasting relationships. With substantial assets under management, a wide range of investment products, and a strong global presence, Axis Mutual Fund is well-equipped to meet the evolving needs of investors in India and beyond.
Step by Step Guide to invest in
Axis Mutual Fund
How to Invest in Axis Mutual Funds online with Miles Wealth?
Investing in Axis Mutual Funds through Miles Wealth is a simple, quick, and secure process, designed to give you full control over your investment decisions. Whether you prefer to explore curated fund recommendations tailored to your risk profile and financial goals, or select funds from a wide range of options, the process is straightforward.
Here's a step-by-step guide to get started:
Step 1: Download the Miles Wealth App
Start by downloading the Miles Wealth app. If you're an existing user, simply log in. New users can complete a quick and seamless registration process to create their account.
Step 2: Complete Your KYC
KYC (Know Your Customer) is a one-time, mandatory requirement to start investing. It is a fast, easy and online process that typically takes around 5 minutes. Keep your PAN card, Aadhaar card, bank account details, and Digilocker credentials handy to ensure smooth completion.
Step 3: Set Up Nominee Information
Add nominee details and allocate percentages. If you are assigning just one nominee, allocate 100%. If there are multiple nominees, distribute the percentage allocation accordingly.
Step 4: Browse or Search for Mutual Funds
You can either search for a specific mutual fund or explore our personalized collections, which are curated based on your risk tolerance and financial objectives. If you prefer, you can modify the recommendations and invest in any fund or AMC of your choice.
Step 5: Choose Investment Type (SIP or One-Time)
Decide whether to invest through a Systematic Investment Plan (SIP) or as a one-time investment. Enter your desired investment amount. For SIPs, choose the date for monthly debits from your bank account. To make the process even easier, we recommend setting up an e-mandate for automatic monthly investments.
Step 6: Review and Confirm Your Investment
Before finalizing, review your investment details, then confirm the order and make the payment. That's it! You have successfully invested.
Step 7: Track Your Portfolio
Once your investment is confirmed, it will reflect in your Miles Wealth account within 3-4 working days. You can track the performance of your portfolio and manage your investments directly from the app.
Need Assistance?
If you encounter any issues or have questions, our support team is ready to help. Simply drop us an email at support@mileswealth.in, and we'll get back to you promptly.
Why Choose Miles Wealth?
- Personalised Investing: We suggest funds that match your financial goals and risk level, making investing easy and personal.
- No Expertise Needed: You don't need prior knowledge - our platform simplifies everything for you.
- No More Guesswork: Stop relying on social media or friends' advice. Miles Wealth gives you clear, data-driven recommendations you can trust. We are AMFI licensed.
- Wealth Creation: Our goal is simple - help you build lasting wealth with smart, personalized investments.
- Regular Funds: We are AMFI Registered Mutual Fund Distributor, and we offer regular funds that align with your risk tolerance to help you achieve the best possible portfolio returns.
P.S. We earn only 0.5%-0.75% annually on the AUM we manage - so it's not expensive.
Your journey to wealth creation is just a few clicks away. Start investing with confidence today!
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Best Fund Managers at
Axis Mutual Fund
Fund Manager
Aditya Pagaria
Akhil Bipin Thakker
Ashish Naik
Devang Shah
Hardik Shah
Hitesh Das
Jayesh Sundar
Karthik Kumar
Krishnaa Narayan
Mayank Hyanki
Nitin Arora
Sachin Jain
Sachin Relekar
Shreyash Devalkar
Tejas Sheth
Vishal Agarwal
Years with AMC
8.2
2.9
8.3
11.9
2.7
1.7
1
1.3
0.6
1.2
1.4
4.1
0.7
7.9
0.4
0.1
Too many options leads to confusion.
Avoid confusion, Try Miles Wealth!