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Investors invest their money in different kinds of mutual funds. They use various methods to choose the right mutual fund for themselves. Some of the investors put their money in fund house specific mutual funds – like in mutual funds run by axis, mutual funds run by hdfc, or mutual funds run by sbi. If you fall in this category, this article is for you. In this post we have discussed best axis mutual fund for sip.
Best Axis Mutual Fund
Investors should choose mutual funds considering their needs, & risk appetite. This tells us that each mutual fund is not suitable for everyone. Hence, for each investors, the ‘best axis mutual fund’ may be different. For this, we have given a list of mutual funds run by Axis below. From there, you can easily pick the best axis mutual fund for sip for yourself.
Best Performing Axis Mutual Fund
Here, we have listed the 10 Mutual Funds of Axis which have given more than 10% of the average annual return This is because while investing in a mutual fund, the minimum expected return should be 10%.
|Fund Name||Growth % in last 5 Years||Expense Ratio||AUM|
|Lock In Period||Turn Over (in %)|
|Axis Small Cap Fund Direct Growth||18.12%||0.46%||8984||5000/500||1%||NIL||20.33|
|Axis Midcap Fund Direct Plan Growth||15.92%||0.46%||17,165||5000/500||1%||NIL||28.41|
|Axis Bluechip Fund Direct Plan Growth||12.70%||0.50%||33,836||5000/500||1%||NIL||61.45|
|Axis Gold Fund Direct Plan Growth Option||11.56%||0.17%||262||5000/500||1%||NIL||87.31|
|Axis Focused 25 Fund Direct Plan Growth Option||10.55%||0.64%||17,921||5000/500||1%||NIL||129.21|
|Axis Triple Advantage Fund Direct Plan Growth Option||10.40%||0.53%||1667||5000/1000||1%||NIL||75.20|
|Axis Children’s Gift Direct Lock in Growth||10.38%||1.16%||672||5000/1000||3%||5 Years||90.77|
|Axis Long Term Equity Fund Direct Plan Growth Option||10.24%||0.77%||29,584||5000/500||0%||3 Years||66.84|
Best Axis Mutual Fund for SIP 2022
From the above list, you can easily pick the best axis mutual fund for yourself. However, let us help you with this task.
In the above list, we can see that the highest return has been given by Axis Small Cap Fund. Being a small cap mutual fund, it invests in small cap companies. Investing in small cap companies is very risky. At the time of slowdown, the first hit is faced by the small cap companies, and so on small cap mutual funds. Simply put, the risk is quite high in this mutual fund. However, professional fund managers do everything to minimize the loss of investors. Further, the Axis Small Cap Fund has given an annualized return of 2.44% since its inception. Apart from that, the expense ratio of the fund is very low at 0.46%. Hence, if your risk appetite is high, you can consider this fund for investment. If you would have done a SIP of Rs. 10,000/month in this scheme for the last five years, the present value of that amount would have been Rs. 11.90 lakh.
The next highest return has been given by Axis Midcap Fund. Mid cap funds are less risky than small cap funds and riskier than largecap/bluechip funds. Axis Midcap Fund has given an annualized return of 17.95% since its inception. The expense ratio of the fund is quite low at 0.46%. Further, the turnover ratio, which tells us how much confident the fund manager is on his picked-up stocks, is quite good. Hence, Axis Midcap Fund may be a fund to consider for the investors who want to take moderate risk. If you would have done a SIP of Rs. 10,000/month in this scheme for last five years, the present value of that amount would have been Rs. 10.31 lakh.
The last case is for the investors who wants to take almost zero risk but a healthy amount of return. For this category of investors, Axis Bluechip Fund may be a good choice. The bluechip funds generally invest in largecap and well-established companies. Hence, a steady return can be generated from bluechip mutual funds. Axis Bluechip Fund has given an annualized return of 14.26% since its inception. The expense ratio is also very low in this fund. Further, you may notice the AUM or Asset under Management of this fund, which is 33,836 crore, i.e. highest among the above-listed axis mutual funds. This tells how much investors are confident about the prospect of the fund. If you would have done a SIP of Rs. 10,000/month in this scheme for the last five years, the present value of that amount would have been Rs. 8.86 lakh.
You can choose any of the above-mentioned best performing axis mutual fund and start a SIP or deposit a lumpsum amount and let the money grow.
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