After the volatile market in the last few months, the conditions are likely to take turns. The higher focus to the financial sector and multiple other factors are expected to boost the economic activity and the market is likely to be favourable for the investors. Under such conditions, professionally managed schemes of Axis Mutual Fund can deliver remarkable output. Following are the top-performing schemes which can be trusted for the next 5 years according to the anticipated market conditions. The experts at MySIPonline have selected the schemes after rigorous efforts taking every peculiar aspect into consideration.
Axis Long Term Equity Fund
It is considered as the best ELSS scheme in India and is one of the best funds launched by Axis Mutual Fund. It has delivered consistent gains to the investors apart from reducing tax liability. It is the most chosen tax saving scheme and in recent years, the popularity of the scheme has dramatically surged. The fund allows investors to reduce the tax liability by up to Rs 46,800 every year and delivers long term capital appreciation over the invested amount.
Axis Bluechip Fund
The large-cap stocks have surged nicely in the last few months and if the trends remain similar for the next few years, Axis Bluechip Fund can deliver outstanding gains to the investors. It is a large-cap fund launched by Axis Mutual Fund in 2010. It has delivered impressive returns and has better stats than most of the peers in the large-cap category. The fund is ideal for those investors who seek long term gains from a pure equity portfolio but do not want to take high risk.
Axis Mid Cap Fund
The mid-cap stocks have been unable to perform in the last few months due to unfavourable market conditions. However, due to attractive valuations and multiple other factors, Next 5 years can be highly productive for mid-cap mutual funds. Axis Mid Cap Fund is one of the best mid-cap funds in India as it has performed far better than peers in the negative market trends. The fund can be a great choice if the market conditions support the growth of mid-cap stocks. The fund must be chosen for more than 5 years and investors should be ready to tolerate volatility in the short term.
Axis Regular Saver Fund
For those who do not prefer to take high risk and seek for consistent capital appreciation, Axis Mutual Fund provides a conservative hybrid scheme which uses a mixed portfolio of equity and debt with fixed income securities in the majority. The fund is ideal for those who do want to get completely involved with the high-risk equity instruments but seek better gains than pure debt schemes.
Axis Banking & PSU Debt Fund
Finance Minister Ms Nirmala Sitharaman gave special privileges to the financial sector by allocating Rs 70,000 crore for recapitalisation of PSU banks. This is likely to boost the financial sector and the mutual fund investing only in the finance sector is likely to deliver better gains in the long term. Axis MF provides Axis Banking & Financial Fund which can deliver significant gains in the next few years but the investment must be done by experienced investors or those who can track the market. The fund can be volatile and must be chosen by suitable investors.
All the above mentioned schemes have been the better performers in their respective category and are chosen by a large number of investors. To know which scheme would be best suited for your investment objective, connect with the experts at MySIPonline.