Axis Mutual Fund

Axis Mutual Fund House is known for focusing on growth when they invest. They have a skilled research team that's really good at finding companies that are likely to grow quickly. Their main approach is to look closely at each company, choosing ones that are making more money and are expected to do well in the future. Because of this careful picking, their investments often include companies that bring back high returns over the long run. This detailed attention to each company helps Axis discover hidden winners, making it a favorite choice for investors who want their money to grow steadily. 

Mr. Ashish Kumar Gupta (CIO)

Mr. Ashish Gupta has joined Axis Asset Management Company (AMC) as Chief Investment Officer to boost the mutual fund's leadership. Mr. Gupta, a former Head of Equity Research at Credit Suisse, has over 25 years of experience covering Indian markets in 15 industries. He has a thorough understanding of global and regional macroeconomics, as he actively covers 130 stocks with a total market capitalization of more than $2 trillion. He previously served as Credit Suisse's Head of APAC Banks Research, overseeing the banking sector in 13 Asian economies. Notably, Mr. Gupta, who discovered the asset quality cycle in Indian banks in 2011, has written several influential papers, including the well-known "House of Debt" report.

Axis Mutual Fund is an Indian asset management company, that emerged in 2009, it is a trust established under the Indian Trusts Act of 1882.

In September 2019, it expanded its offerings by introducing an index fund, the Axis Nifty 100 Index Fund, based on the Nifty 100.

This was followed by the launch of the ESG (Environmental, Social, and Governance) fund on January 22, 2020, showcasing the company's commitment to responsible and sustainable investment practices. Axis Mutual Funds initiated its operations in 2009, introducing its inaugural equity scheme, Axis Equity Fund.

To choose the Best Axis Mutual Fund follow these steps:

• Decide on specific investing targets that are in line with your reachable objectives.
• Determine your level of risk tolerance and set limits for your financial choices.
• Spread your money over several industries by embracing diversification.
• Become knowledgeable by doing extensive study before investing in a certain fund.
• Keep a close eye on your investments and change as required.
• Seek expert guidance when navigating mutual fund market's swings.
• Your investments are protected when they are properly monitored.

To summarize, keep these factors in mind before making any mutual fund investment, use SIP Calculator to know the approx value of investment returns.

Mysiponline's user-friendly portal makes it easy to invest in Axis Mutual Funds.

• Begin by going to mysiponline.com and picking from a list of Top Axis Mutual Funds according to your investing objectives.
• To proceed with adding your selected fund, create a free account and enter the essential personal information.
• Complete your profile after signing up, including the online and paperless KYC procedure.
• The required papers are PAN, Aadhar card, signature, and bank proof.
• Explore and add mutual funds to your cart depending on your criteria.
• Finalize your payment and wait for confirmation of your investment.
  Keep track of your assets easily with your mysiponline.com account.

To sum up, investing in Online SIP through Mysiponline's user-friendly platform is simple and efficient, resulting in a hassle-free investing experience for investors.

The taxation of Axis Mutual Funds depends on which category they fall under equity or debt.

Equity-Oriented Mutual Funds

• Short-term Capital Gains (STCG): Taxed at a flat rate of 15% if units are sold within one year of purchase.
• Long-term Capital Gains (LTCG): Gains exceeding Rs. 1 lakh in a financial year are taxed at 10% without indexation if units are sold after one year.

Debt-Oriented Mutual Funds

• Short-term Capital Gains (STCG): Taxed according to the investor's income tax slab rate if units are sold within three years of purchase.
• Long-term Capital Gains (LTCG): Taxed at a rate of 20% with the benefit of indexation if units are sold after three years.