MUTUAL FUNDS

A Mutual Fund is a trust that pools the savings of a number of investors who share a common financial goal. The money thus collected is then invested in capital market instruments such as shares, debentures and other securities. The income earned through these investments and the capital appreciation realized are shared by its unit holders in proportion to the number of units owned by them. Thus a Mutual Fund is the most suitable investment for the common man as it offers an opportunity to invest in a diversified, professionally managed basket of securities at a relatively low cost.

WORKING OF MUTUAL FUNDS IN INDIA
A mutual fund is set up by a sponsor. However, the sponsor cannot run the fund directly. He has to set up two arms: a trust and Asset Management Company. The trust is expected to assure fair business practice, while the AMC manages the money. All mutual funds (except UTI) functions under SEBI (Mutual Fund) regulations 1996. The mutual fund collects money directly or through brokers from investors. The money is invested in various instruments depending on the objective of the scheme. The income generated by selling securities or capital appreciation of these securities is passed on to the investors in proportion to their investment in the scheme. The investments are divided into units and the value of the units will be reflected in Net Asset Value or NAV of the unit. NAV is the market value of the assets of the scheme minus its liabilities. The per unit NAV is the net asset value of the scheme divided by the number of units outstanding on the valuation date. Mutual fund companies provide daily net asset value of their schemes to their investors. NAV is important, as it will determine the price at which you buy or redeem the units of a scheme. Depending on the load structure of the scheme, you have to pay entry or exit load.

STRUCTURE OF MUTUAL FUNDS IN INIDA .

AXIS MUTUAL FUND BRIEF HISTORY Axis Bank was the first of the new private banks to have begun operations in 1994.I). Life Insurance Corporation of India (LIC) and General Insurance Corporation of India (GIC) and other four PSU insurance companies. The Oriental Insurance Company Ltd. Axis Gold Fund 2. The Bank as on 31st March. i.. Axis Gold ETF . after the Government of India allowed new private banks to be established. Axis Treasury Advantage Fund 3. 2011).60%. The Bank has a very wide network of more than 1281 branches (including 169 Service Branches/CPCs as on 31st March. 2011) providing 24 hrs a day banking convenience to its customers. 2011 is capitalized to the extent of ` 410. The Bank has strengths in both retail and corporate banking and is committed to adopting the best industry practices internationally in order to achieve excellence. and United India Insurance Company Ltd. The Bank's Registered Office is at Ahmedabad and its Central Office is located at Mumbai. Axis Liquid Funds 2. The Bank was promoted jointly by the Administrator of the specified undertaking of the Unit Trust of India (UTI . National Insurance Company Ltd. Axis Triple Advantage Fund 2. Axis Equity Fund 2. Axis Midcap Fund Fixed Income Funds 1. Axis Income Saver Gold Fund 1. The Bank has a network of over 6270 ATMs (as on 31st March.. Axis Long Term Equity Fund 3. Axis Short Term Fund 4. The New India Assurance Company Ltd. Axis Dynamic Fund Hybrid Funds 1. This is one of the largest ATM networks in the country. PRODUCTS OFFERED Equity Funds 1.54 crores with the public holding (other than promoters and GDRs) at 53.e.

0029 0.0012 0.0655 0.5480 Quarterly Dividend 10.41 3.3363 Quarterly Dividend 10.0856 0.Series 17 (12 months) Dividend 10.0012 0.03 0.0648 0.0009 0.1904 10.9457 10.01 0.3982 Axis Constant Maturity 10 Year Fund Growth Plan 10.3354 10.62 0.0928 11.5468 10.5480 Growth Plan 10.3938 0.85 5.01 0.3363 Growth 10.0009 0.1916 Axis Fixed Term Plan .41 5.Series 13 (370 days) Dividend Plan 10.0916 10.02 0.2109 10.8508 10.0313 Half Yearly Dividend 10.62 0.4737 9.9245 0.0916 0.4053 Axis Fixed Term Plan .01 0.1712 10.01 0.5515 10.3938 0.01 0.6561 0.85 0.Series 14 (368 days) Dividend Plan 10.9457 9.2134 Axis Fixed Term Plan .0012 0.01 0.5515 10.85 0.8537 Quarterly Dividend 10.Axis Mutual Fund NAV as on 01 February 2012 NAV of previous Business Day (in `) Change (in `) Change (in %) Fund Name NAV Axis Capital Protection Oriented Fund .62 0.85 0.5448 Growth 11.Series 1 Dividend 11.7678 Half Yearly Dividend 10.6561 0.0856 0.9580 10.11 0.5468 10.0916 10.0025 0.8537 Growth Plan 10.1842 10.0671 0.8508 10.2076 Growth 11.9608 Growth 10.4737 10.0313 Axis Dynamic Bond Fund Growth 10.1739 Axis Fixed Term Plan .0928 Quarterly Dividend 10.Series 12 (367 Days) Dividend 10.0029 0.01 .Series 15 (370 Days) Dividend 10.9580 10.03 0.03 0.0028 0.7007 10.0928 Growth 10.3405 10.0856 0.3354 10.0012 0.9608 Quarterly Dividend 10.01 0.11 8.0027 0.Series 3 Dividend 11.3982 Growth 11.5090 Quarterly Dividend 10.Series 2 Dividend 11.03 0.0012 0.01 0.85 8.03 0.0028 0.0313 Quarterly Dividend 10.4435 10.0012 3.1510 11.1510 10.2076 Axis Capital Protection Oriented Fund .1851 Axis Fixed Term Plan .5448 Axis Capital Protection Oriented Fund .9457 9.0009 0.9245 0.

1123 1145.0358 11.0008 0.6160 1002.03 0.0746 1145.3671 10.20 0.02 0.30 0.0000 0.3297 1000.0487 10.2967 Axis Hybrid Fund .02 - - - .4909 10.06 0.0548 Retail Regular Dividend 10.0008 0.03 0.5427 1000.02 0.30 2.06 0.2484 0.00 0.Series 2 Dividend Payout 11.0365 0.0746 Retail Growth 1146.08 0.3889 Axis Income Saver Annual Dividend 10.2905 Quarterly Dividend 10.0063 0.7911 Retail Weekly Dividend 1000.0000 0.5123 Growth 10.Axis Fixed Term Plan-Series 16 (370 Days) Dividend 10.2070 Axis Hybrid Fund .3889 Growth 11.32 0.2710 Axis Liquid Fund Institutional Daily Dividend 1000.0365 0.0337 10.6484 10.3741 Retail Monthly Dividend 10.0214 0.0687 Axis Treasury Advantage Fund Institutional Daily Dividend 1000.93 0.3047 0.6701 Half Yearly Dividend 10.1385 2785.03 0.9641 10.06 0.32 0.3309 0.2897 10.2897 10.20 0.2608 0.2950 Growth 11.06 0.00 0.20 0.2501 1000.0720 Institutional Monthly Dividend 1002.3524 10.0421 Retail Growth 11.03 0.3140 Institutional Weekly Dividend 1001.2905 Growth 10.3607 Quarterly Dividend 10.93 2.0338 0.1031 Institutional Growth 1170.4514 10.0210 0.0061 0.2842 0.0071 0.4585 Institutional Monthly Dividend 10.0070 0.06 0.0217 0.Series 3 Dividend Plan 11.5055 Institutional Monthly Dividend 1001.3524 11.0000 0.0007 -2.2306 10.01 0.03 0.2644 Axis Hybrid Fund .7707 1000.8768 Institutional Weekly Dividend 1002.9657 11.4682 0.5493 Axis Short Term Fund Institutional Growth 11.02 0.1980 0.0275 Retail Daily Dividend 1000.7372 10.1392 Axis Gold ETF Axis Gold ETF 2783.3310 0.4050 11.2643 Growth 11.3013 0.2642 Retail Monthly Dividend 1001.2008 1001.2690 0.01 0.0338 0.0568 1000.2481 0.00 0.7707 1002.Series 1 Dividend 11.03 0.1123 Retail Growth 1145.0061 0.1123 Institutional Growth 1174.2608 0.06 0.0400 Institutional Regular Dividend 10.20 0.2572 0.0626 1000.9800 1001.2305 11.5905 Retail Daily Dividend 1000.1123 1173.00 0.3012 11.3397 10.1031 1170.0000 0.01 -0.2568 0.0209 0.0063 0.

68 0.7490 1000.1400 10.0900 0.2865 11.0823 0.0900 0.30 0.13 0.2349 0.40 0.0444 0.6498 10.0753 0.8000 9.7100 0.0300 0.40 0.0300 0.1100 10.Retail Monthly Dividend Retail Weekly Dividend Axis Triple Advantage Fund Dividend Growth Axis Equity Fund Dividend Option Growth Axis Gold Fund Dividend Growth Axis Long Term Equity Fund Dividend Growth Axis Mid Cap Fund Dividend Growth 1001.1400 10.13 0.6347 11.0963 10.1272 9.30 0.1100 10.92 .0519 10.0142 0.68 0.6105 10.0449 9.1083 12.02 0.0141 0.6357 10.3756 10.02 0.2351 0.5139 1000.0330 12.6489 11.2453 11.7100 9.8000 1001.0412 0.92 0.