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Puneinvest > Blog > Mutual Fund > Mutual Fund Overview > Axis Mutual Fund Investment related help
Mutual Fund Overview

Axis Mutual Fund Investment related help

Last updated: 2023/05/10 at 2:19 PM
Rajendra Todkar Published May 31, 2022
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axis mutual fund
axis mutual fund

You are an investor in the Axis Mutual Fund, and there are you may have any queries regarding your portfolio. This article aims to assist you with resolving your question.

Contents
Company ProfileAxis MF Scheme performanceFund House Entry Exit in these stocks:Axis Mutual Fund Service1. Redemption2. SIP Cancellation – Physical & Online3. Nomination4. Folio Statement5. Mobile & Email Update in Folio6. TransmissionQuestions About Axis Mutual FundHow long does Axis Mutual Fund redemption take?How do I check my Axis Mutual Fund redemption status?Can I withdraw profit from Axis Fund?What is Axis Mutual Fund Interest Rate?
axis mutual fund
axis mutual fund

Company Profile

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

Schroder Investment Management (Singapore) Limited (SIMSL) through its wholly owned subsidiary, Schroder Singapore Holdings Private Limited (SSHPL) holds 25% of the total issued and paid up equity share capital plus one share in Axis AMC and Axis Mutual Fund Trustee Ltd.

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Axis MF Scheme performance

List of Axis best Equity Scheme:

Scheme NameCategory1 Year1 Yr SIP Value3 Year3 Yr SIP Value5 Year5 Yr SIP Value
Axis Bluechip Fund5.44% 12,29613.32% 43,45813.24% 82,784
Axis Focused 25 Fund-3.15% 11,82610.49% 41,79610.92% 78,290
Axis Long Term Equity Fund0.29% 12,01611.76% 42,53611.83% 80,034
Axis Growth Opportunities Fund1.33% 12,07319.57% 47,28319.65% 71,743
Axis Flexi Cap Fund4.07% 12,22214.59% 44,21814.07% 84,453
Axis Mid Cap Fund8.09% 12,43921.05% 48,22319.15% 95,302
Axis Small Cap Fund10.23% 12,55329.90% 54,09224.87% 109,023
Axis Quant Fund13.23% 12,7128.99% 18,03617 M
Axis Value Fund11.20% 12,6058.35% 14,62814 M
Axis Multi Cap Fund12.10% 11,54211 M

Fund House Entry Exit in these stocks:

Cipla, PI Industries, and Narayana Hrudaya were among the companies that Axis Fund included prominently. It cut back on ICICI Bank, Hind Unilever, and Samvardhana Motherson. Kansai Nerolac is a recent entry, whereas NMDC completely withdrew.

Axis Mutual Fund Service

Easy SMS Service

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simple SMS on 9212010033 for your axis mf services. Axis Easy SMS Transaction Guide PDF

refer below table for sms services.

Transaction TypeKeywordExample
PurchasePURPUR<folio no><amount><scheme code>
Partial RedemptionREDPREDP<folio no><amount><scheme code>
Full RedemptionREDFREDF<folio no><scheme code>
Partial SwitchSWITCHPSWITCHP<folio no><amount><FROM><scheme code><To scheme code>
Full SwitchSWITCHFSWITCHF<folio no><FROM><scheme code><To scheme code>

1. Redemption

You can redeem Axis mutual fund units online or offline method. The redemption process can be completed anytime during the day using an easy way.

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If you’re already registered, log in to the Axis MF website.

  • After logging in,
  • Click “Transact Now.”
  • then select Redemption option
  • Select your folio number first.
  • then select scheme
  • Select Value section
  • Click on one option. All unit or Specify amount
  • Confirm Transaction

After completing the transaction, you will receive a transaction confirmation via email and SMS.

Axis Mutual Fund Redemption Process

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Axis Mutual Fund Redemption Time – Equity Fund Redemption take T+3 days (means 4 working days).

2. SIP Cancellation – Physical & Online

The option to cancel or stop SIP in various ways. Investors should be aware that SIP is a non-committal investment. No charges or fines can be assessed if an investor chooses to end the plan during the middle.

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There are a variety of methods to end SIP on the internet.

  • AMC Online Platform
  • Offline submit Cancellation Form/letter to AMC Office or Registrar Office.
  • By contacting your Financial Advisor

For more details on Axis Mutual Fund SIP cancellation PDF download or online process, check this article

3. Nomination

Mutual Fund nomination refers to the appointment of a person to take responsibility for your investments in the fund following your passing away.

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The nominee’s nomination will ensure that, after your death, your Mutual Fund holdings will be transferred to the nominee.

The preliminary information you must fill in on the form of nomination are:

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  • Name of the nominee 
  • Date of birth of the nominee  (If minor)
  • Nominee’s relationship with the investor 
  • Address of the nominee
  • Percentage share of each nominee (if there is more than 1 nominee), etc.

You can add up to 3 nominees in Nippon India Mutual Fund folio and specify the percentage share that each nominee will receive in the event of your death.

If you don’t specify the percentage of your share, the Mutual Fund units will be equally distributed to all nominees named on the nomination form.

4. Folio Statement

Enter your Folio Number or PAN Number and get your Axis mutual fund account statement mailed to your email id registered with Axis MF.

or SMS SOA to 9212010033 from your register mobile no.

5. Mobile & Email Update in Folio

SMS to update email id in existing folio

EMAIL<space> <email id> to 9212010033 from your register mobile No.

  • Login to your Axis MF Account to login.
  • At the extreme top right of the menu bar, click on “My Profile” under your name.
  • Update Nomination Details

Note: Users will get OTPs on their mobile & register email.

6. Transmission

Transfer of Units is a method by which units owned by the unitholder who died are handed over to the nominee or the legal descendants or legal heirs of the unitholder who died, as the situation requires.

  1. Axis MF Transmission Request Form for Transmission of Units in favor of the Nominee(s).
  2. Death Certificate of the deceased unitholder(s) in original OR photocopy duly attested by a Notary Public or a Gazetted Officer.
  3. Copy of Birth Certificate, in case the Nominee is a minor.
  4. Copy of PAN Card of the Nominee(s) / Guardian (in case the Nominee is a minor)
  5. KYC Acknowledgment OR KYC Form of the Nominee(s) / Guardian (where Nominee is a Minor)
  6. The Cancelled cheque with the Nominee’s name pre-printed OR Copy of the Nominee’s recent Bank Statement/Passbook (which cannot be more than 3 months old).

Questions About Axis Mutual Fund

For Axis Equity fund, you'll get your funds T+3 working days. (e.g. If you redeem unit Monday, fund credited in your account Thursday.)

For Axis Liquid fund, you'll get your funds T+1 working days. (e.g. If you redeem unit Monday, fund credited in your account Tuesday.)

When you complete redemption process, you received transaction confirmation message. Means your transaction is accepted. If any problem in your transaction you received sms & mail related issue.

You can withdraw your profit from a Axis Mutual Fund scheme. If you invested in ELSS then check lock-in period completed or not.

check this article – ELSS Fund Redemption Process

Axis Mutual Fund does not pay any interest. Axis Mutual Fund is not provide a fixed income product. Mutual Fund returns vary 2% to 20% over a 3-7 year period, depending on market conditions.

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By Rajendra Todkar
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Rajendra Todkar is an experienced finance, investment, and insurance writer with a passion for educating readers about personal finance and helping them make informed decisions. With over 15 years of dedicated experience in the field, Rajendra Todkar has established a strong reputation for providing valuable insights and practical advice.
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