Top Axis Mutual Funds in India – Meaning, Full Form & NAV
Axis Asset Management Company Ltd is a mid-sized Indian fund house backed by Axis Bank and global asset manager Schroders. As of June 2025, various disclosures and industry data place its average assets under management (AUM) at ₹3.1–3.3 lakh cr, rising to about ₹3.5 lakh cr by 30 September 2025. The AMC runs more than 70 schemes across equity, debt, hybrid and passive categories. This article will explore the top mutual funds offered by the Axis AMC, key information about the AMC, how to invest in these funds, and more.
List of Top Axis Mutual Funds for 2025
Here are the top Axis mutual funds in India sorted according to their AUM:
| Name | AUM(in ₹ cr.) | CAGR 3Y(%) | Expense Ratio (%) | NAV | CAGR 5Y (%) | Exit Load (%) |
|---|---|---|---|---|---|---|
| Axis Liquid Fund | 35,360.42 | 7.11 | 0.14 | 3,004.18 | 5.85 | 0.01 |
| Axis ELSS Tax Saver Fund | 35,171.95 | 14.57 | 0.81 | 111.83 | 13.17 | 0.00 |
| Axis Large Cap Fund | 33,827.15 | 12.49 | 0.7 | 72.19 | 13.18 | 1.00 |
| Axis Midcap Fund | 32,069.13 | 20.14 | 0.55 | 134.18 | 20.65 | 1.00 |
| Axis Small Cap Fund | 27,065.84 | 19.34 | 0.56 | 123.14 | 24.82 | 1.00 |
| Axis Money Market Fund | 22,806.13 | 7.72 | 0.17 | 1,485.63 | 6.33 | 0.00 |
| Axis Large & Mid Cap Fund | 15,453.36 | 20.35 | 0.6 | 37.25 | 20.65 | 1.00 |
| Axis Flexi Cap Fund | 13,319.21 | 15.05 | 0.71 | 30.12 | 15.35 | 1.00 |
| Axis Banking & PSU Debt Fund | 13,055.74 | 7.61 | 0.34 | 2,796.78 | 6.07 | 0.00 |
| Axis Focused Fund | 12,580.86 | 11.83 | 0.83 | 64.81 | 11.28 | 1.00 |
Disclaimer: Please note that the above list of mutual funds is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Mutual Fund Screener and is subject to real-time updates.
Note: The data on the list of the best Axis funds is from 20th November 2025. This data is derived from the Tickertape Mutual Funds Screener.
- AMC: Axis Asset Management Company Ltd
- Plan: Growth
- AUM: Sorted from highest to lowest
Pro Tip: You can use Tickertape’s Mutual Fund Screener to research and evaluate funds with over 50+ pre-loaded filters and parameters.
Key Information About Axis Asset Management Company Ltd
Overview of the Top Axis Mutual Funds in India
Axis Liquid Fund
Axis Liquid Fund is a debt fund investing in short-term securities with a maturity of up to 91 days. Focuses on money market instruments and debt securities to provide liquidity while aiming to generate returns with relatively lower interest rate risk.
Axis ELSS Tax Saver Fund
Axis ELSS Tax Saver Fund is an equity-linked savings scheme offering tax deduction under Section 80C. Invests primarily in equity and equity-related instruments with a mandatory 3-year lock-in period. Portfolio diversified across market capitalisations.
Axis Large Cap Fund
Axis Large Cap Fund invests predominantly in India’s top 100 companies by market capitalisation. Focuses on established, large-cap stocks with strong fundamentals. Aims to generate long-term capital appreciation through a diversified equity portfolio.
Axis Midcap Fund
Axis Midcap Fund Direct Growth focuses on companies ranked 101-250 by market capitalisation. Invests in mid-sized companies with growth potential. Portfolio diversified across sectors, aiming for capital appreciation through exposure to emerging businesses.
Axis Small Cap Fund
Axis Small Cap Fund invests in companies ranked 251st onwards by market capitalisation. Targets smaller companies with high growth potential. Portfolio is typically more concentrated than large-cap funds, focusing on emerging opportunities in India’s economy.
Axis Money Market Fund
Axis Money Market Fund is a debt fund investing in money market instruments with a maturity of up to one year. Focuses on treasury bills, commercial papers, and certificates of deposit to provide liquidity with minimal interest rate volatility.
Axis Large & Mid Cap Fund
Axis Large & Mid Cap Fund maintains a minimum 35% allocation to large- and mid-cap stocks. Blends the stability of established companies with the growth potential of mid-sized firms. Portfolio diversified across market capitalisations and sectors.
Axis Flexi Cap Fund
Axis Flexi Cap Fund is an open-ended dynamic equity scheme investing across market capitalisations without restrictions. The fund manager has the flexibility to shift allocations between large, mid, and small-cap stocks based on market opportunities and valuations.
Axis Banking & PSU Debt Fund
Axis Banking & PSU Debt Fund invests in debt instruments of banks, public sector undertakings, and public financial institutions. Focuses on relatively higher-rated securities while aiming to generate returns through interest income and capital appreciation.
Axis Focused Fund
Axis Focused Fund is an equity fund that maintains a concentrated portfolio of up to 30 stocks. Invests across market capitalisations with flexibility in allocation. High-conviction approach focusing on select companies identified through fundamental research.
How to invest in Axis Mutual Funds?
You can easily start to invest in Axis mutual funds by following these steps:
- To invest in the best Axis mutual funds, you can visit a mutual fund investment platform such as smallcase.
- The next step is to research and identify the Axis mutual funds that match your financial goals. Tools like the Tickertape Mutual Fund Screener can help you filter and compare funds based on parameters such as returns, expense ratio, and fund size.
- Once you shortlist the funds, visit smallcase, log in, and search for the fund by name. You can then choose the investment mode (SIP or lump sum) and start investing.
However, if you’re confused about which stocks to pick, you can explore smallcases:
- smallcases are readymade model portfolios of stocks/ETFs, that are based on a theme idea or strategy
- They’re created and managed by SEBI-registered investment experts (also known as smallcase managers)
- smallcase offers over 500+ stock portfolios, created by 200+ managers
Here are a few popular smallcases among new investors:
Disclosures for aforementioned smallcases
Top Axis Mutual Fund Managers
Jinesh Gopani
Jinesh Gopani heads the equity investment team at Axis Mutual Fund. He manages or co-manages flagship strategies such as Axis Long Term Equity Fund, Axis Growth Opportunities Fund and Axis Focused 25 Fund, and has extensive experience in Indian equity markets across research and portfolio management roles.
Shreyash Devalkar
Shreyash Devalkar has managed several key Axis equity schemes in the past, including large-cap and flexi-cap mandates. His background spans equity research and fund management, and he has been associated with Axis AMC for multiple years, focusing on growth-oriented portfolios.
Sachin Relekar
Sachin Relekar manages the Axis Flexi Cap Fund and other equity mandates. With more than a decade of experience in fund management and equity research, he manages diversified, multi-cap portfolios that follow a bottom-up stock-selection framework.
R. Sivakumar
R. Sivakumar leads the fixed-income desk at Axis AMC. He oversees products across the duration spectrum, from liquid and money-market funds to corporate bond and gilt strategies, with an emphasis on credit quality and interest-rate risk management.
Taxation on Axis Mutual Funds in India
Equity Mutual Funds
| Type of Gain | Holding Period | New Rate |
| Short-Term Capital Gains (STCG) | Less than 12 months | 20% |
| Long-Term Capital Gains (LTCG) | More than 12 months | 12.5% (Gains up to ₹1.25 lakh exempt) |
Debt Mutual Funds
| Type of Gain | Holding Period | Tax Rate | Indexation Benefit |
| Short-Term Capital Gains (STCG) | Less than 36 months | Taxed as per income tax slab | Not applicable |
| Long-Term Capital Gains (LTCG) | More than 36 months | 12.50% | Not available |
Hybrid Mutual Funds
| Type of Fund | STCG | LTCG | Indexation Benefit |
| Equity-Oriented Hybrid Funds | 20% for holdings < 1 year | 12.5% for holdings > 1 year; gains up to ₹1.25 lakh exempt | Not available |
| Debt-Oriented Hybrid Funds | Taxed as per slab for holdings < 3 years | 12.5% for holdings > 3 years | Not available |
Documents Required to Invest in Axis Mutual Funds
Here are the documents required to invest in Axis Mutual Funds:
- PAN Card details (mandatory for mutual fund investments).
- KYC acknowledgement letter from any SEBI-registered KYC Registration Agency.
- Personal information, including full name, mobile number, and email address.
- Address proof, such as Aadhaar (front and back), passport, or any SEBI-accepted document.
- Bank account details, along with a cancelled cheque for verification.
- Nominee details and FATCA/CRS declarations are part of the regulatory requirements.
Risks of Investing in Axis Mutual Funds
- Market risk: Equity and hybrid schemes, including the Axis Bluechip Fund, remain exposed to stock-market movements. Sharp moves in indices or sectors can affect NAVs, especially in mid- and small-cap strategies.
- Category-specific volatility: Small-cap and thematic funds may experience larger drawdowns and longer recovery periods compared with diversified large-cap funds.
- Sector and concentration risk: Funds focusing on a specific theme (e.g., a sector or factor) may underperform if that segment faces cyclical or structural headwinds.
- Interest-rate risk in debt funds: Changes in interest rates can affect the prices of bonds held in debt schemes, impacting their NAVs. Longer-duration funds are more sensitive to these moves.
- Credit risk: Debt funds that invest in corporate or lower-rated issuers carry credit/default risk. Any downgrade or default can affect NAVs.
- Liquidity risk: In stressed market conditions, certain securities (especially in smaller companies or lower-rated bonds) can become less liquid, impacting execution and pricing.
Factors to Consider Before Investing in Axis Mutual Funds
- Risk profile and time horizon: Different categories (large-cap, mid-cap, small-cap, hybrid, debt) behave differently across cycles. Matching category risk to your time horizon is essential.
- Scheme objective and portfolio style: Understanding whether a fund follows growth, value, quality, or a blended style, and how concentrated the portfolio is, helps set realistic expectations.
- Cost (expense ratio): Direct plans usually have lower expense ratios than regular plans. Over long periods, cost differences can impact net returns. Dezerv+1
- Historical performance and risk metrics: Past returns, volatility, drawdowns and recovery periods provide context on how a scheme has behaved in different market conditions, though they do not predict future performance. The Economic Times+1
- Tax treatment: Equity, debt, hybrid and international funds face different holding-period rules and capital gains tax structures under the current regime. Wikipedia+1
- Platform and operational experience: Turnaround times, SIP features, reporting quality and customer support on the chosen platform also matter for long-term participation.
To Wrap It Up
Each Axis scheme carries its own objective, risk profile, cost structure and tax treatment. Understanding how a fund is positioned, what it holds and how it has behaved across market phases can provide useful context on where it fits within a broader mutual fund allocation. Users can explore and track Axis Mutual Fund schemes on platforms such as smallcase and research them in detail using tools like the Tickertape Mutual Fund Screener, while relying on their own analysis or professional advice instead of any implied recommendation.
Looking for a Loan Against Mutual Funds (LAMF)? Explore LAMF on smallcase –
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Frequently Asked Questions on Axis Mutual Fund
There is no single “best” Axis mutual fund. Here are the top Axis mutual fund schemes sorted according to their AUM:
– Axis Liquid Fund
– Axis ELSS Tax Saver Fund
– Axis Large Cap Fund
– Axis Midcap Fund
– Axis Small Cap Fund
Note: This data on this list was taken on 20th November 2025. The funds are listed for educational purposes and are not meant to be recommendatory.
Axis Mutual Fund has grown its AUM to over ₹3 lakh cr, offers a wide mix of schemes and has an established investment team. Whether it is “good” for you depends on the specific schemes you select, your risk appetite, investment horizon and the role those schemes play in your portfolio.
Note: Please note that this information is meant to be educational and not recommendatory. Please conduct your own research and/or consult a financial advisor before investing.
You can start an SIP in an Axis scheme through online platforms (including smallcase) by completing KYC, selecting a scheme, choosing SIP amount and frequency, and setting up an e-mandate. You can also use the Axis SIP Calculator to calculate your goal amount of investment amount based on an estimated rate of return.
Note: Please note that the results viewed on the calculator does not reflect actual market fluctuations and are projections based on a fixed rate of return.
You can sell/redeem your Axis mutual fund units through smallcase by logging in to your account, selecting the particular fund and number of units you want to redeem. smallcase facilitates this Axis MF online redemption by communicating with the respective AMC and registrar, processing your request, and sending the proceeds to your linked bank account.
Axis schemes are not fully tax-free. Capital gains are taxed based on scheme category, holding period and current tax rules. ELSS schemes like Axis ELSS Tax Saver Fund provide tax deduction on the investment amount under Section 80C (up to eligible limits), but any gains at redemption remain taxable under equity-fund rules.
Many Axis schemes allow SIPs starting from ₹100–₹500 per month, depending on the scheme and plan. The exact minimum SIP amount is specified in the scheme information document (SID) and on the AMC’s website.
Axis mutual funds are regulated by SEBI and must follow mutual fund regulations. However, they are still market-linked products and carry risks such as market, credit, interest-rate and liquidity risk. Safety depends on scheme category, underlying holdings and your own risk tolerance rather than the brand alone.
You can track Axis MF schemes on Axis MF’s own website as well as research platforms like Tickertape. You can also view the fund analysis and peer comparison on the smallcase ‘Discover’ platform!
Note: Please note that this information is meant to be educational and not recommendatory. Please conduct your own research and/or consult a financial advisor before investing.
