Axis Equity Hybrid Fund Direct Growth

About Axis Equity Hybrid Fund - Direct Plan - Growth

The Axis Equity Hybrid Fund is an equity-oriented fund which invests across both equity and debt instruments, with more weightage given to the equity front. This fund is apt for those investors looking to diversify their portfolio by inclining more towards equity assets.

Pros and Cons of Axis Equity Hybrid Fund - Direct Plan - Growth

Investing in this fund is an excellent way to gain exposure to a portfolio consisting of both debt and equity assets. This fund provides a balance between risk and rewards through its portfolio diversification. Risk-averse investors must be mindful of the risks that come associated with this fund.

Fund Information and Statistics

i) Inception/Launch Date

Axis Equity Hybrid Fund - Direct Plan - Growth was launched on 09 Aug 2018.

ii) Risk Level

The risk possessed by this fund is fairly high as it invests across several equity-linked securities. Axis Mutual Fund has categorised Axis Equity Hybrid Fund under ‘moderately high risk’ category of mutual funds.

iii) Redemption

Since Axis Equity Hybrid Fund is an open-ended fund, you can place redemption requests any time. However, you have to be aware of the applicable tax on capital gains and exit load charges.

iv) Fund Manager

Mr Ashik Naik and Mr R Shivakumar are the current fund managers of Axis Equity Hybrid Fund.

v) Entry/Exit Load

The regulations set by the Indian market regulator prevent fund houses from levying entry loads on any mutual fund scheme. An exit load of 1% applies to the units in excess of 10% if redeemed within a period of 12 months from the date of allocation. After one year, no exit load applies.

About Axis Mutual Fund

Axis Mutual Fund is a leading fund house in India. Its total assets under management (AUM) amounted to Rs 1.38 lakh crore as of March 2020. Axis Mutual Fund entered the mutual fund fore in the year 2009 when it registered with the Indian securities market regulator with Axis Mutual Fund Trustee Limited and Axis Bank Limited as its trustee and sponsor respectively.