AXIS Multicap Fund Review
About Axis Mutual Funds
Dated in October 2009, Axis bank launched its first scheme, thus, welcoming themselves with remarkable growth in the market. Their success was attributed to three main principles: customer view, long-term relationship, and long-term capital appreciation. The goal of Axis Mutual Fund is to deliver state-of-the-art investment and financial solutions, thus, enabling confidence through financial security amongst the customers. Precisely, goal-oriented investing is on top-notch over un-planned parking of funds.
Features of Axis Mutual Funds
Before investing in axis bank mutual funds schemes, let’s figure out the pros of the same. Here:
- Full transparency and commitment to take ownership.
- Axis Bank Mutual Funds go beyond the call-of-duty and do every rightful thing regardless of anyone watching.
- Reliability, forgiving, and grateful is their goals.
- Prefer talking in the language of the investor.
- Enduring wealth creation at every level.
- The availability of axis bank customer care at every point of time.
About AXIS Multicap Fund
Axis multicap fund is an equity fund that was launched by Axis mutual fund. Later on, it was introduced on 13th Nov 2017 to its investors. Currently, the fund is managed by Shreyash Devalkar, and Jinesh Gopani. Talking about AUM, it is of INR 5401 Cr, and, the latest NAV is INR 13.44 (dated as of 17th Jan 2020). The fund growth is rated moderately high risk. The minimum SIP amount is INR 1000, and, lumpsum investment is INR 5000.
The objective is to generate long-term capital-appreciation in a diversified portfolio of equity & equity-related instruments across market capitalization. However, there is no guarantee or assurance that the objective of the investment will be achieved.
Returns are taxed at 15$ only if you redeem before a year. After a year, you are required to pay LTCG tax of 10% on returns of INR 1 lakh+ in a financial year.
|HDFC Bank Ltd||8.95%|
|Kotak Mahindra Bank Ltd||8.79%|
|ICICI Bank Ltd||8.28%|
|Bajaj Finance Ltd||8.23%|
|Avenue Supermarts Ltd||5.35%|
|Asian Paints Ltd||4.10%|
|Housing Development Finance Corp Ltd||4.06%|
|Reliance Industries Ltd||3.64%|
|Nestle India Ltd||3.54%|
|Tata Consultancy Services Ltd||3.39%|
How to Invest AXIS Multicap Fund with Gulaq?
Axis Multicap Fund investment is not a fuss, especially with Gulaq. With hassle-free and paperless documentation, the summing-up of your investment journey becomes easy. All you need to do is:
- Sign-in at gulaq.com. You can also check your KYC for FREE
- Fetch in your amount (whether SIP or lumpsum)
- Submit ‘Invest Now’
*Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.