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Last updated: 19 Sep 2025, 01:38 PM
Axis Bank SIP: Build Wealth Systematically with Mutual Funds
Axis Bank facilitates Systematic Investment Plans (SIPs) in mutual funds, allowing customers to invest small amounts regularly (monthly, quarterly) into schemes from 21 Asset Management Companies (AMCs), including Axis Mutual Fund. Sponsored by Axis Bank, SIPs promote disciplined investing through rupee cost averaging, where you buy more units when markets are low and fewer when high, reducing volatility impact.
In-Depth Details
Key Highlights
- Products Offered: SIPs across equity (e.g., Axis Bluechip Fund), debt (e.g., Axis Corporate Bond Fund), hybrid (e.g., Axis Aggressive Hybrid Fund), ELSS tax-savers, and index funds—suitable for goals like retirement or child education; options for step-up SIPs to increase contributions over time.
- Minimum Investment: Starts at ₹100 for most schemes (lump sum or SIP); no upper limit, with flexible frequencies.
- How to Start: Log into Axis Bank Internet Banking or Mobile App; select "Investments" > "Mutual Funds" > Choose AMC/scheme > Set amount, date, and mandate; complete e-KYC for seamless setup. NRIs can invest via branches or app.
- Benefits: Rupee cost averaging for lower average cost; compounding for long-term growth; liquidity with easy pause/stop (no fees, but check exit loads); diversification across 21 AMCs; professional management by fund experts.
- Performance Metrics: Example schemes—Axis Bluechip Fund: 14.5% 5-year CAGR; Axis Midcap Fund: 21%+ 5-year CAGR; Axis Corporate Bond Fund: 6.92% 5-year returns (as of mid-2025). Use Axis SIP Calculator for personalized projections based on XIRR.
- Achievements: Axis MF app enables paperless SIPs with goal trackers; recognized for digital innovation and consistent equity outperformance (e.g., Midcap Fund #1 in category, FY24).
