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The scheme aims to generate income through low volatility absolute return strategies that take advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debt and money market instruments.

Arbitrage funds invest in equity shares and derivatives and earn their returns through price differential between a stock and its futures. By investing in these funds, you can expect to earn better returns than what you would get from a bank account.

Arbitrage funds keep their equity investments fully hedged, which basically means that their returns are not impacted by the day-to-day ups and downs of the stock market. The risk of incurring a loss in these funds is low but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. We believe thatliquid fundsare a better alternative with a somewhat similar risk-return payoff but better liquidity.

If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.

If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.

No tax is to be paid as long as you continue to hold the units.

Dividends paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

The Risk Measures have been calculated using calendar month returns for the last three years.

Highest grade ratings: Sovereign, AAA, A1+/P1+, AA+

Indicates an increase or decrease or no change in holding since last portfolio

Indicates an increase or decrease or no change in holding since last portfolio

Experience:Prior to joining Axis AMC he has worked with ICICI Prudential AMC, Deutsche Asset Management (India) Pvt. Ltd. and Pricewaterhouse Coopers.

Axis Hybrid Fund – Series 5 – Regular Plan- since Jul 2013

Axis Hybrid Fund – Series 6 – Regular Plan- since Jul 2013

Axis Hybrid Fund – Series 7 – Regular Plan- since Aug 2013

Axis Credit Risk Fund – Regular Plan- since Jun 2014

Axis Hybrid Fund – Series 31 – Regular Plan- since Jun 2016

Axis Hybrid Fund – Series 32 – Regular Plan- since Jul 2016

Axis Hybrid Fund – Series 33 – Regular Plan- since Aug 2016

Axis Hybrid Fund Series 35 – Regular Plan- since Nov 2016

Axis Corporate Debt Fund – Regular Plan- since Jun 2017

Axis Money Market Fund – Regular Plan- since Jul 2019

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The scheme aims to generate income through low volatility absolute return strategies that take advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debt and money market instruments.

Fund Manager change in Schemes of Axis Mutual Fund

Axis Enhanced Arbitrage Fund gets renamed to Axis Arbitrage Fund

Dividend Announced in Axis Enhanced Arbitrage Fund

Dividend Declared in Axis Enhanced Arbitrage Fund

Axis Mutual Fund announces dividend in Two Funds

Address:Axis House – 1st Floor, C-2 – Wadia International Centre, Pandurang Budhkar Marg , Worli, Mumbai – 400025

Email:[emailprotected][emailprotected]

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address:Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad – 500034