Axis Liquid Fund Direct Plan Growth Option
Min amount: ₹500
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Low to Moderate Risk|
|Exit Load||0.007% for 1 Days|
More about this fund
|364 DTB 27052021||5.65%|
|91 DTB 27052021||4.84%|
|364 DTB 03062021||3.48%|
|182 DTB 13052021||3.07%|
|364 DTB 13052021||2.59%|
|91 DTB 11062021||1.73%|
|91 DTB 30062021||1.61%|
|364 DTB 17062021||1.38%|
|91 DTB 17062021||1.38%|
|91 DTB 13052021||1.36%|
About Axis Liquid Fund - Direct Plan - Growth
The main objective of the Axis Liquid Fund is to offer a decent level of liquidity along with good returns by assuming low levels of risk through a portfolio which consists of debt instruments and money market securities. This mutual fund scheme is ideal for risk-averse investors.
Pros and Cons of Axis Liquid Fund - Direct Plan - Growth
As Axis Liquid Fund invests in high-rated fixed income securities, the risk level is extremely low. Also, this fund facilitates redemptions at any time. Therefore, investors can use this fund as a means to park their surplus funds. On the downside, the returns are not as high as that of equity funds.
Fund Information and Statistics
i) Inception/Launch Date Axis Liquid Fund was launched on 1 January 2013.
ii) Risk Level The risk level associated with the Axis Liquid Fund is lower more as compared to that of other debt funds.
iii) Redemption As Axis Liquid Fund is an open-ended scheme, you can place redemption requests at any moment. However, you have to be aware of applicable exit loads and tax on capital gains.
iv) Fund Manager Mr Devang Shah and Mr Aditya Pagaria are the current fund managers of the Axis Liquid Fund.
v) Entry/Exit Load There is no entry load levied as per the SEBI’s norms. The exit load is applied at the following rates: 0.0070% for redemptions made within one day 0.0065% for redemptions made within two days 0.0060% for redemptions made within three days 0.0055% for redemptions made within four days 0.0050% for redemptions made within five days 0.0045% for redemptions made within six days
About Axis Mutual Fund
Axis Mutual Fund registered with the Securities and Exchange Board of India (SEBI) in 2009. It is now a leading fund house in India. The sponsor of Asix Mutual Fund is Axis Bank Limited while the trustee is Axis Mutual Fund Trustee Limited. As of March 2020, its total assets under management (AUM) stood at Rs 1.38 lakh crore.
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Min amount: ₹500
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns