Axis Regular Saver Fund Direct Plan Growth Option

About Axis Regular Saver Fund - Direct Plan - Growth

The main objective of the Axis Regular Saver Fund is to create a regular income by investing in money market and debt securities. This fund also aims at providing capital appreciation over time as it invests in select equity-linked securities.

Pros and Cons of Axis Regular Saver Fund - Direct Plan - Growth

The biggest advantage of investing in Axis Regular Saver Fund is that investors get exposure to a diversified portfolio. Therefore, the chances of steep losess due to the underperformance of one security is minimal. On the flip side, the gains are restricted as the equity exposure is not high.

Fund Information and Statistics

i) Inception/Launch Date Axis Regular Saver Fund was launched on 16 July 2010.

ii) Risk Level The Axis Mutual Fund has categorised Axis Regular Saver Fund under ‘moderately high’ risk level. However, this fund is less risky than a regular equity fund.

iii) Redemption As Axis Equity Saver Fund is an open-ended scheme, you can redeem your units anytime.

iv) Fund Manager Mr Devang Shah is the current fund manager of the Axis Regular Saver Fund.

v) Entry/Exit Load The norms of the Securities and Exchange Board of India (SEBI) has prevented fund houses from levying entry loads on any mutual fund. Fund units redeemed in excess of 10% within 365 days of investment are processed at an exit load of 1%. No exit load applies after 365 days.

About Axis Mutual Fund

Axis Mutual Fund registered with the Securities and Exchange Board of India with Axis Bank Limited as the sponsor and Axis Mutual Fund Trustee Limited as the trustee back in the year 2009. As of December 2009, the assets under management (AUM) of Axis Mutual Fund stood at Rs 1.2 lakh crore, and it is now one of the leading fund houses in the country.