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Axis Direct Mutual Funds Review - Charges and SIP
Axis Direct Track Record Of Best Online Stock Broker In India
Axis Direct Mutual Funds Review - Charges and SIP
Axis Securities Limited is a full-service broker that is a part of Axis bank, which is a leading private bank in India. The broker provides its services and various other trading financial products to the retail customers in India through Axis Direct brand. It is ranked among the top stock brokers in India with more than 4.2 lakhs active customers.
Axis Direct offers investment opportunities in Equities, Mutual Fund, SIP, IPO, Derivatives, Bond, NCD, ETF and company fixed deposits. The broker is a participant of both the national stock exchanges i.e. BSE and NSE.
This stock broker is among the highest active clients in the stock broking space in India. The company holds a client base of more than 3,00,000. It also allows the customers to set up a demat three-in-one account that makes it more convenient to transfer funds.
Axis Direct Mutual Funds
Axis Direct works as a fund house and a distributor for various mutual fund schemes. Axis direct provides both the direct as well as regular mutual funds to the investors. It allows the investor to invest in the mutual fund schemes from the Axis direct and various other fund houses. The direct funds provided by Axis direct are the funds where the investors invest with AMC directly without even paying the commission to the intermediates.
Features of Axis Direct MF
1. It helps in easy purchasing, redeeming and switching the mutual fund with ease.
2. It allows to make investment either through SIP or the lumpsum mode of investment.
3. There is no third party interfere in direct mutual funds.
4. It offers more than 6000 schemes across the 23 asset management companies.
5. It allows investments across equity, debt and hybrid categories.
6. It makes it easy to diversify the portfolio with the range of schemes.
7. It provides quick redemption facility.
8. It avails its customers with dedicated and easy application to make investments in mutual funds.
9. It provides account and capital gains statement simultaneously.
10. It charges zero transaction fees for investing below ₹10,000.
Axis Mutual Fund SIP
Axis Direct facilitates its customers to make investments either through lumpsum or SIP. A lumpsum investment amount is an accurate option in case you have large amount to make investments. Investments in Axis mutual fund SIP is possible with as minimum as ₹500. The customers can choose the particular interval and the investment amount according to their investment needs.
Axis Bank allows the customers to make investments in SIP through Net banking and debit cards. After filling the bank mandate form for the SIP deduction, the customer can allow auto deduction of investment amount per month.
Axis Mutual Fund Account Opening Procedure
To initiate investing with the Axis Direct Mutual Fund, an individual is required to login as a new customer and register itself with Axis MF.
Follow the steps below to register in Axis MF:
1. Visit the official website of Axis MF.
2. Enter the personal details like name, email, mobile number and PAN number, etc.
3. Verify the contact information.
4. Now, update the KYC/FATCA profile.
5. Now, link the bank account.
In case you an individual is a KYC register, then they are required to create a new folio with the Axis Bank Mutual Fund Schemes. Once after registering successfully the customer can further login with their registered email Id and login password.
Axis Mutual Fund Charges
MF Account Opening Charges
Mutual Fund AMC Fees
Mutual Fund Transaction Charges
Mutual Fund Commission
Up to 1% on the regular Mutual Funds
Mutual Fund DP charges
Advantages of Axis Mutual Fund
1. It provides both the direct and regular mutual funds.
2. It avails its customers with more than 6000 mutual funds from the 23 different fund houses.
3. It provides various in-house mutual fund schemes.
4. It facilitates its customer with a dedicated mutual fund website and mobile apps to make investment procedure fluent.
5. The customer care is available both online and offline.
Disadvantages of Axis Mutual Fund
1. It charges commission on various regular schemes.
2. The Axis MF app has very basic features.
3. It charges transaction cost that is not charged by most of the MF providers.
Axis Mutual Fund provides both the regular and direct mutual fund schemes for the investors. It provides choices from more than 6000 mutual funds. It also avails its customers expert tips to make the mutual fund investment procedure easy.
Frequently Asked Questions
Axis Direct portal of Axis Securities Limited (ASL) provides a seamless investment or trading platform by linking the customer’s Savings bank account, demat account and a trading account.
Axis direct charges for Intraday is ₹0.01 per lot and carry forward for equity, currency and commodity options trading. The options are highly leveraged derivative products. The option trading is used in many ways that includes hedging or to reduce the risk exposure of the portfolio.
Axis direct auto square-off all open intraday positions at 3:15 PM.
To apply in an IPO through the Axis Bank, the customer needs to hold a savings bank account with Axis bank. The customer can use the demat account with any other DP service provider. A trading account is not compulsory when an individual has to apply in an IPO but needed to sell the shares received.
Axis bluechip has moderately high risk. It has good long-term returns. The scheme can be chosen by any aggressive investor that look for some good returns over the long-term. You can visit the Axis Mutual Fund investment platforms and can start investing in this scheme through SIP or lumpsum.
Yes, a non-Axis bank account holder can open a trading and demat account with Axis securities and can avail the Trade@20 plan by paying an additional ₹250 per month maintenance fee.
Axis MF allows the investments in various schemes of different fund houses such as Axis, SBI, Nippon, HDFC, etc. on the basis of investment objective, time horizon, and risk appetite. The customers can choose a suitable fund for the portfolio. An Axis Mutual Fund provides the expert’s recommendations on mutual fund investment. Various direct schemes of Axis Mutual Fund are Axis Bluechip Fund, Axis Focused 25 fund, Axis long term equity fund, Axis short term fund and Axis liquid fund.
It charges 0.05% for the currency futures trading and Intraday at ₹0.01 per lot| Carry forward: ₹10 per for currency options trading.
The Broker provides redemption facilities online and offline. To redeem offline, one has to visit the bank branch office and needs to fill a transaction slip and then submit it to the branch. If you invest online then the mutual fund can be redeemed from the same platform.
Yes, it offers an online IPO application to its customers. IPO offers early opportunities to buy shares of companies that are not previously traded publicly.
A customer can apply up to 3 IPO applications in Axis Bank Direct.
This limit order is to buy a security at not more or sell at not less than a specific price. By entering a limit order, one will not buy the stocks at higher price.
Axis Direct charges zero AMC for a trading account and ₹650 for a demat account. AMC is charged to maintain the account.
Yes, it provides trading tips for the stock and commodity trading to its customers.
It charges 0.05% for equity, currency and commodity future trading.
E-margin is a unique product where an individual can buy stocks in delivery with margin as lows as 25% and carry it for the next 90 trading days. During the 90 days trading period, one can either square off or take delivery of the position by bringing in the remaining funds.
No, the online trading facility is not available for the NRI investors based in the USA. Such investors can invest through their Relationship Manager or by using call and trade facility
It is 1,00,000 in cash segment from your account. The customer’s cash limit will increase by ₹1,00,000 for trading in a day.
Yes, you can make investments in Axis Mutual Fund online. You can invest in mutual funds online through a mobile app, website and internet banking.
It charges 0.05% for Intraday trades. These orders are known as Margin Intraday Square-up or MIS orders. All the open Intraday orders are auto-squared off at the end of the day. Extra leverage is offered for these trades.
Axis Direct offers a large range of services to the customers. All the demat and trading accounts are provided to you in three-in-one account services that are offered.