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AxisDirect Mutual Fund Review


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Axis Direct works as a fund house and a distributor for mutual fund schemes. Axis Direct Mutual Fund offers both the direct and regular mutual funds to the investors. It allows investing in mutual fund schemes from Axis Direct and other fund houses as well. The direct funds offered by Axis Direct are funds where the investors invest with AMC directly without paying any commission to intermediates. While investing in a regular mutual fund through Axis Mutual Fund can cost up to 1% commission to investors.

Key Features of Axis Direct MF

  • Purchase, redeem, and switch mutual funds easily
  • Invest either through SIP or lumpsum mode of investment
  • No involvement of the third party in direct mutual funds
  • Offers more than 6000 schemes across 23 Asset Management Companies
  • Invest across equity, debt and hybrid categories
  • Easy to diversify a portfolio with a range of schemes
  • Offers instant redemption facility
  • Dedicated EasyApp Mobile app to invest in the mutual fund
  • Get Account Statement and Capital gains Statement
  • No transaction fee for investing below Rs 10,000

Axis Mutual Fund Online Charges

Axis Mutual Fund Charges

Axis Account Opening Charges

Nil

Axis Mutual Fund AMC Fees

 

Axis Mutual Fund Transaction Charges

Rs 100 for new investors. Rs 150 for investments above Rs 10,000; No transaction charges would be applicable on subscription below 10,000/- & on direct mutual funds

Axis Mutual Fund Commission

Upto 1% on regular mutual funds

Axis Mutual Fund DP Charges

Rs 1770 a year

Other Charges

 

Axis Direct mutual fund charges zero fees for mutual fund account opening. Although, you have to pay transaction charges per subscription depending on the investment amount and type of mutual fund (Direct or Regular). If you are investing in regular mutual funds through Axis Direct, your returns may differ 0.25% to 1% in comparison to direct schemes.

Axis Mutual Fund Account Opening Process

To start investing with Axis Direct Mutual Fund, you have to login as a new customer and register with Axis MF. 

Register with Axis Mutual Fund in Four Steps:

  1. Go to https://www.axismf.com/Online/login/NewInvestorLogin
  2. Enter basic details like name, email, mobile number and PAN number etc.
  3. Verify your contact information
  4. Update KYC/FATCA profile
  5. Link Your Bank Account

If you are already a KYC register, you only need to create a new folio with Axis bank mutual fund schemes. After successfully registering, you can login with your registered email ID and login password.

Axis Mutual Fund SIP

Axis Bank allows investors to invest either through lump sum or SIP. A lump sum investment amount is a good option when you have a large sum of money to invest. Whereas, investment in Axis mutual fund for SIP is possible with as minimum as Rs 500. As per your investment needs, you can choose the particular interval and investment amount. Axis bank allows investment in SIP through Net Banking and Debit cards. By filling the bank mandate form for SIP deduction, you can also allow auto deduction of investment amount per month. 

Axis Mutual Fund Investment Platforms

Axis Bank allows investing in mutual fund schemes through Axis bank, Axis Direct and Axis MF websites. The schemes offered for all the platforms are the same as they offer direct & regular from 23 fund houses. Here are the investment platforms offered by Axis Bank Mutual Fund schemes:

Axis Mutual Fund EasyApp

EasyApp helps the existing Axis Mutual Fund investors to manage their investments and easily perform transactions from anywhere. It also has informative videos to help investors in choosing Axis Bank Mutual Fund schemes. You don't require to register again if you have an EasyInvest login ID and password. You can use the same credentials to log in to websites and app platforms.

Key Features of Axis Mutual Fund mobile app:

  • Plan your financial goals with a range of schemes
  • Check latest and historical NAVs
  • Intuitive portfolio feature to improve efficiency and diversification of your portfolio
  • Get account statement and capital gains statement on request
  • Buy, sell and switch mutual fund units
  • Purchase, redeem, switch and start SIP with EasyCall and internet banking
  • Use Axis Bank Mutual Fund calculator
  • Connect through email or call or visiting Axis Bank Branch
  • Instant redemption option for liquid funds

Download Axis Mutual Fund Mobile App

  • Visit Google play/ App store
  • Search for Axis Mutual Fund EasyApp
  • Click on the first option available in the list
  • Click on install to download the app
  • Existing users can log in with EasyInvest ID and password
  • New investors can register with Axis MF and get the login details

How to invest in Axis Mutual Fund SIP

  • Login to the EasyApp
  • Click on the menu burger or 3 horizontal lines next to the bell icon
  • Click on Transact Now and then Invest
  • Choose an Axis Direct Mutual Fund scheme
  • Click on choose a fund and add the details
  • Choose SIP or lumpsum as an investment mode
  • Click on Confirm to proceed

Axis Direct Mobile App

Axis Mutual Fund offers Axis Direct Mobile App to assist all the equity, derivatives, ETFs, and mutual fund investments on the go for investors. It is easy to use and quick application. The app allows you to invest instantly to get the advantage of market swings.

Key Features of Axis Direct Mobile App

  • Track the market ups and downs
  • Easy to track your portfolio
  • Create a customized watch lists
  • Access your holdings easily at one place
  • View expert research for better investment ideas
  • Quick order placement facility

Download Axis Direct Mobile App

  • Visit Google Play or Apple App store on your smartphone
  • Type Axis Direct Mobile app in the search bar and click on the desired result
  • Install the app
  • Login with credentials or register with Axis Direct mutual fund if you are new investors

Axis Mutual Fund Website

It is a dedicated website for Mutual Funds. You need to visit the official AxisMF website and register as a new investor to get started. This is a browser-based platform which means you can use it anytime or anywhere with your login credentials without downloading or installing any application. Axis Mutual Fund Website has the same features as EasyApp. You can also login with the same login ID and password created for Axis Mutual Fund Mobile App. 

Key Features of Axis Mutual Fund Website

  • Invest, switch, and redeem mutual fund schemes easily
  • Invest either through lump sum or SIP
  • Access your investment portfolio
  • Choose any scheme from different mutual fund types
  • Quick transaction facility to invest in a mutual fund

Axis Mutual Fund Customer Care

Axis Mutual Fund provides offline and online assistance for customer support. It has various branches across different locations in India to provide offline assistance. Besides, you can contact the customer care through mail, call and chat support. For any mutual fund related queries you can mail Axis Direct MF at customerservice@axismf.com. Axis Mutual Fund investment platforms also provide mail, chat and call facility within the application as well. Further, you can also call on 081086 22211 to contact the Axis mutual fund customer care.

Axis Mutual Fund Advantages

  • Offers both direct and regular mutual funds
  • Offers more than 6,000 mutual funds from 23 different fund houses
  • Offers in-house Axis bank mutual fund schemes
  • Provides a dedicated mutual fund website and mobile app for investment
  • Can contact customer care online or offline

Axis Mutual Fund Disadvantages

  • Charges commissions on regular schemes
  • Axis Mutual Fund mobile app has very basic features
  • Charges transaction cost which is not charged by many other mutual fund providers

Conclusion

Axis Mutual Fund offers both the regular and direct mutual fund schemes for investors. Based on the investment needs, the investors have a wide range of choices from more than 6,000 mutual funds. It also provides expert tips to make mutual fund investment easy. Registering and investing in Axis Mutual Fund can be completed instantly if you are KYC verified. However, Axis MF charges transaction costs from investors which is unusual as most brokers don't charge it.

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Frequently Asked Questions

  1. 1. Is Axis Bluechip Fund a good investment?

    Axis Bluechip Fund has a moderately high risk. It has good long term returns. If you are an aggressive investor and looking for good returns over the long term, you can choose the scheme. You can visit Axis Mutual Fund investment platforms and start investing in this scheme through SIP or lumpsum.

     

  2. 2. Is Axis Mutual Fund safe?

    Yes, it is safe to invest with Axis Mutual Fund like any other reputed mutual fund provider. The company is registered with SEBI, AMFI and other regulatory bodies.

    Axis Mutual Fund has been constituted as a trust on June 27, 2009 in accordance with the provisions of the Indian Trusts Act, 1882 (2 of 1882) with Axis Bank Limited, as the Sponsor. Axis Bank, is one of the largest and reputed banks in India.

    Although mutual fund investments are subject to market risk, it is better to analyze your risk profile and invest accordingly.

     

  3. 3. Which Axis Mutual Fund is best?

    Axis MF allows investment in schemes of different fund houses such as Axis, SBI, Nippon, HDFC, etc. Based on investment objective, time horizon, and risk appetite, you can choose a suitable fund for your portfolio. Axis Mutual Fund also provides expert's recommendations on mutual fund investment. Some of the direct schemes of Axis Mutual Fund are Axis Bluechip Fund, Axis Focused 25 Fund, Axis Long Term Equity Fund, Axis Short Term Fund, and Axis Liquid Fund.

     

  4. 4. Can I invest in Axis Mutual Fund Online?

    Yes, you can invest in Axis Mutual Fund online. You can invest in mutual funds online through a mobile app, website and internet banking.

     

  5. 5. How can I redeem my Axis Mutual Fund?

    Axis Mutual Fund provides redemption facilities online and offline. To redeem offline, you have to visit the bank branch office and fill a transaction slip and submit it to the branch. If you have invested online, you can redeem the mutual fund units from the same platform.

     

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Information on this page was last updated on Thursday, November 23, 2023

Zerodha (Flat Rs 20 Per Trade)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.


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