3 Year return

12.88%
Launched on July 2018 (6 years)

Investment Details

₹100

Minimum SIP Amount

₹500

Minimum one time investment

Fund has no lock-in period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹1586 Cr.

Expense Ratio

1.02% (inclusive of GST)

Exit Load

If redeemed/swich out before 12 months from the date of allotment: - For 10% of investment : Nil - For remaining investment : 1% 1.00% - If redeemed/switched out on or before 12 months from the date of allotment NIL - If redeemed/switch out after 12 months from the date of allotment.

Ratings

ARQ Rating
1.5

Ratings by other agencies

3
1
0

Tax Implications

Withdrawal within 1 year

Exit load + 15% tax on gains

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

Axis Mutual Fund Managers

AN

Ashish Naik

Fund Manager since Apr 2022

Fund House Details

Axis Mutual Fund

Axis Mutual Fund Asset management company

AUM ₹275,166.00 Cr.
No. of Schemes 245
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Axis Mutual Fund

List of mutual fund schemes by AMC

About Axis Equity Hybrid Fund Direct Plan Monthly IDCW Reinvestment

The Axis Equity Hybrid Fund Direct Plan Monthly IDCW Reinvestment is a hybrid mutual fund that invests in a mix of equity and debt securities. It is offered by Axis Mutual Fund. It aims to provide high returns with moderate risk by investing at least 65% of its corpus in equity and up to 35% in debt. The fund follows an IDCW (Income Distribution cum Capital Withdrawal) strategy, which means that it distributes a portion of its income to investors every month, while also withdrawing a portion of the capital to invest in new securities. Axis Equity Hybrid Fund Direct Plan Monthly IDCW Reinvestment is an open-ended fund. Its expense ratio is lower than the category average.

Investment Objectives of the Scheme

The investment objective of the Axis Equity Hybrid Fund Direct Plan Monthly IDCW Reinvestment is to generate high returns with moderate risk by investing in a mix of equity and debt securities. The fund aims to achieve this by: Investing at least 65% of its corpus in equity, with a focus on large-cap and mid-cap stocks. Investing up to 35% of its corpus in debt, with a focus on government securities and high-quality corporate bonds. Following an IDCW (Income Distribution cum Capital Withdrawal) strategy to distribute a portion of its income to investors every month, while also withdrawing a portion of the capital to invest in new securities.

Key Features of The Fund

5-year return 13.2%
Expense Ratio 1.02%
Fund Manager Ashish Naik
Fund Size ₹1586 Cr
Risk Profile Very High

Is This Scheme Right for Me?

The Axis Equity Hybrid Fund Direct Plan Monthly IDCW Reinvestment is suitable for investors who are looking for high returns with moderate risk. The fund is a good option for investors who are willing to invest for the long term and who are comfortable with the possibility of short-term volatility in the market.

AMC Contact Details

Name Axis Mutual Fund
Launch Date January 2009
Addresss Axis House, First Floor, C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai - 400025
Contact 8108622211
Email customerservice@axismf.com
Website https://www.axismf.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

FAQs

What is today's NAV of Axis Equity Hybrid Fund Direct Plan Monthly IDCW Reinvestment?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Axis Equity Hybrid Fund Direct Plan Monthly IDCW Reinvestment Apr 22 2024 is 15.55

What is the AUM of Axis Equity Hybrid Fund Direct Plan Monthly IDCW Reinvestment?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Axis Equity Hybrid Fund Direct Plan Monthly IDCW Reinvestment is 1586 crore.

What is the expense ratio of Axis Equity Hybrid Fund Direct Plan Monthly IDCW Reinvestment?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Axis Equity Hybrid Fund Direct Plan Monthly IDCW Reinvestment is 1.02%

What are the returns of Axis Equity Hybrid Fund Direct Plan Monthly IDCW Reinvestment since inception?

The Axis Equity Hybrid Fund Direct Plan Monthly IDCW Reinvestment was launched on Jul 20 2018. The fund has delivered a CAGR of 12.09 since inception.

What is the minimum SIP amount to invest in Axis Equity Hybrid Fund Direct Plan Monthly IDCW Reinvestment?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Axis Equity Hybrid Fund Direct Plan Monthly IDCW Reinvestment is 100.

How do I invest in Axis Equity Hybrid Fund Direct Plan Monthly IDCW Reinvestment?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Axis Equity Hybrid Fund Direct Plan Monthly IDCW Reinvestment?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Axis Equity Hybrid Fund Direct Plan Monthly IDCW Reinvestment?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Axis Equity Hybrid Fund Direct Plan Monthly IDCW Reinvestment?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.