The Axis Multicap Fund was launched in December 2021 and has a current AUM of Rs 4874.75 Cr as on 31st January 2024. The TER (Total Expense Ratio) of the Growth option of the fund was Rs 1.90% as on 29th February 2024. The benchmark for the fund is the Nifty 500 Multicap 50:25:25 TRI. The Fund is managed by...Read More

Post the COVID-19 2020 market crash, small cap funds emerged strongly and outperformed in 3 out of the 4 years since then. With the exception of 2022 small cap funds as a category has beaten returns of large cap and mid cap category. After the correction in 2022, the year 2023 saw a huge...Read More

As we are approaching the final quarter of the current financial year, tax planning will be one of the most important priorities for many tax payers. Section 80C of Income Tax Act 1961, allows investors to claim deductions from their taxable incomes by investing in certain eligible schemes. 80C investments can be...Read More

Axis Mutual Fund is launching a New Funds Offer, Axis India Manufacturing Fund. Axis India Manufacturing Fund is an open ended thematic equity mutual fund scheme. The fund will invest in companies from industry sectors that are part of India’s manufacturing theme. The NFO will open...Read More

Thematic funds are equity mutual fund schemes which invest in some ideas or strategy. These schemes try to identify specific macro-trends in the economy and invest in sectors which can benefit from these macro-trends. Examples of investment themes are manufacturing, consumption...Read More

The last couple of months have been volatile for equity markets. Uncertainty about future interest rates and Israel / Hamas War is causing volatility. The Nifty corrected by more than 1,000 points, with buying support coming in at lower levels. In volatile market, reducing capital losses...Read More

Blue chip stocks are very large corporations with strong nationwide or even global reputations. Based on market capitalization, they are the largest of the large cap stocks (100 largest companies by market capitalization). Though there is no regulatory guidance on what constitutes a blue chip stock, many...Read More

Target maturity funds are fast gaining popularity among investors in India. As per our Mutual Fund research, the total assets under management (AUM) of target maturity funds (as on 28^th February 2023) were more than Rs 2 lakh crores (source: fund factsheets, as on 28^th February 2023). Out of this, AUM of target maturity...Read More

The Union Budget essentially is a statement of income and expenditure of the Government of India. The Budget has two components, the revenue budget and capital budget. In the revenue budget, tax (direct and indirect) and non tax revenues (e.g. dividends paid by CPSEs) are the source of income for the Government. The...Read More

We are in last quarter of FY 2022-23 / AY 2023-24 and you should complete your tax planning for the year by 31^st March 2023. Different sections of Income Tax Act of 1961 can help you reduce your tax obligation and save taxes by claiming deductions from your gross taxable income. In this blog post, we will discuss about two...Read More