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2.50 

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Axis Gold ETF Reviews

They never allow you to have access to your funds.
Oct 08, 2024 06:12 PM256 Views

DespiteFulfilling all required tax duties, my withdrawal request continues to be denied, Indicating fraudulent behavior. I have come to the realization that I am being scammed. Thanksfully I sought assistance from Spacetel-capital, who assessed and resloved the whole situation promptly


New Delhi India
Beware of their Redemption processes & management
Jun 17, 2024 06:01 PM461 Views

My father had 4747 units of Axis ELSS parked in his zerodha related CDSL account, I applied for redemption on zerodha coin platform and surprisingly the units vanished and Axis Elss denied paying my dues, stating that I had redeemed my units in 2018. where as my units were only transferred in 2020 to zerodha


They have incorrect data at their end & won't consider the units showcased in the CDSL statement, which is a depository and a statutory body .


I have wasted more than 3 months requesting for my dues from Axis Elss team, upto Axis Bank Managing Director - Amitabh Chaudhary, but they have been declining and don't have appropriate answers in the matter and denying my rightful dues.


Please save your money and invest in gold / any physical goods that have a value since these big corporate mutual funds agencies are not 100% fool proof and can easily deny your payments when it is your time to ask for your rightful dues, even if you have supporting evidence that dosen't matter, they defy anything convenient to them .


I have approached smart ODR channel, which is another waste of time, BSE representative closed my complaint without any resolution process followed when the complaint was raised against zerodha, this is after I wrote my plea to the BSE management(case BSE - SB - 2024 - 05-220547)


There have been more cases of people who have written their experiences after l after facing pains from Axis Mutual fund division.


Incase you did't have any negative experiences, it is good, at-least I don't trust these organizations for my investments in future . There are other safer avenues to grow your investments . Axis mutual funds are "NOT"


Terrible and arrogant
Oct 10, 2023 12:06 AM1059 Views

The tag line "Axis Mutual Fund Online – Fast, Simple & Paperless" is appropriate only when they take investments. They are terrible when it comes to redemptions.


Been trying to redeem investments since July 2023 and they make the process harder and even if it means contravention of contraventions of AIMF guidelines. After the death of my father, I managed to transfer funds from over 30 AMCs, Axis is still pending after three months.


Even though amount is small, I have escalated the issue to the regulators so that they do not make another investor, especially senior citizens, suffer like we did.


YOUR RATING ON

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Axis mutual fund
Jun 19, 2023 02:50 PM1260 Views (via Mobile)

Terrible customer response, shocking, not able to get accounts statement despite various reminders , , they block the customer


Worst MF redemption!!1
Mar 09, 2023 05:29 PM1436 Views

Generally I wont give reviews on anything, but this Axis mutual fund has hurted me a lot and hence I am reviewing this.


I invested via Karvy in Axis small cap MF and after an year I was in need of money for some emergency and need to take the invested amount.


When I gave for redemption, the money was ready for redemption to HDFC bank account whereas I have only ICICI bank acoount till date.


It took nearly a week to enquire this and looks like some data entry was not proper in AXIS side.


After that they asked me go to the office physically and give a letter for redemption post which I was given a cheque after 1 month.


Main story comes when I tried to cancel the SIP.


This is the only MF which we need to write a physical form and give in hand to them.


I had other MF accounts also and redemption is easy and cancellation also was online.


When AXIS can get the investment online itself why they need investors to cancel SIP physically?


This is one of the worst MF redemption service I have ever experienced and wont be investing this again!


It may perform good but whats the point of investing when u face issues while redeeming/cancelling?!


Think of it and beware!


Problems when Redemption
Dec 22, 2022 03:20 PM1529 Views

I invested in Axis blue chip SIP and tried to make a redemption. It has been now over 7 days and when I called them initially they said I have a name miss match in bank details when I pointed out my name is exactly the same they said my account details are miss matched pointing out to 6 zeros in front of my account number. I told them that on SBI accounts zeros are irrelevant and account number starts with number. Now they are insisting me to change bank details. when all the details are correct. Plus this was the account used for auto debiting SIPs and it went smoothly.


Unprofessional Axismf: Belated Form 16A
Aug 04, 2022 03:54 PM1931 Views

Form 16A After the Last Date for ITR filing:


Received Form 16A for my mutual fund investment by email dated 4th August 2022. What purpose does such intimation serve after the last date for ITR filing? Really sad. Never thought Axismf could be so unprofessional.


LOCKIN FOR 6 YRS ! without my consent !
May 03, 2021 07:31 PM5094 Views

FOR my 72 yr old mother who had already completed 3 yr lockin Axis Long term I went to the Axis Kolkata officeto check with the that a) we need to switch to direct mode b) we need SWP c) can we do both these in the same now that lock in completed? I was told YES & my form was ACCEPTED & SWP was started with the dates given. All this in 2019


In 2020 Mrs Verma realised NO SWP came in? After being printed in her statement. On phoning we were told Technical errors YOUR FUND HAS GONE BACK INTO LOCKIN.


AFTER reaching out to Axis staff im left with no choice but to COMPLAIN in the public domain & ask MOUTSHUT to give us justice!


We would have put it in another fund if we were advised correctly!


kiranverma25@gmail.com


Axis MF - I may not invest again-
Dec 17, 2020 12:46 PM6132 Views

Axis MF web site is a very poorly designed and implemented web site. It does not allow user name to be created, login only with PAN NO & Email ID with OTP . Problem in poor mobile service areas. I am unable to login for the last two days. After entering OTP for login the web page does not load or if it happens loads on clicking Dashboard the page does not load at all. No response to my email from customer support.


I am planning to withdraw my investments by submitting a signed Transaction form by mail or better by visiting their office.


I may not invest again in Axis MF.


Worst Customer Service and Portal
Dec 09, 2020 06:56 PM6117 Views

I've never had such a poor experience with Axis MF compared to any other MF Org.


Most of the times their Website or App doesn't work.


1st of All I wasn't able to put a redemption from their website.


As the Website is absolutely useless.


Somehow I managed to speak to their CCare, who without listening to my problem started suggesting


me how to do redemption via whatsapp. which is again a bunch of crap as you cannnot reedeem your units via whatsapp.


Somehow after multiple attempts I was able put a redemption through.


But now it is 3 weeks since then, the system is showing the redemption pending, and not a single rupee has entered my Account.


When I call and ask them for explanation, they give me another pile of garbage, that we will lookinto it.


and so on and so forth.


I'm surprised how can an organisation with such a reputation function like that.


Fraud
Nov 10, 2020 08:00 AM6334 Views

The bank employees kept on pestering us to invest in these fraud schemes. Your money is going down the drain. DOn't. You will get nasty calls on your phone in the middle of the night. Your personal banking information will be used. And when you want to get out of the Axis scheme, it is a ringcamole that you can't. They won't allow you to withdraw your money. Stay away from these horrible pests.


apurv123MouthShut Verified Member
Indore
Axis Bluechip Fund - Top Performing
Apr 19, 2020 11:06 AM7601 Views

Axis Bluechip Fund is a top performing fund in Large Cap Category. Axis as a fund house is well renowned & reliable as far as customer relationship is concerned. I have been doing Systematic Investment Plan(SIP) of Rs. 2000 in Axis Bluechip fund from past two years. This fund has performed exceptionally in tough times as well.


Since, this is a equity oriented fund one must keep an investment horizon of at least 7-10 years to see substantial growth of capital invested. Also we can see that share market goes through cycles of bear & bull after a period of few years.


But this fund has outperformed index fund as well as it's peers during tough market conditions as well.


It's compounded annual growth return rate till date is 12.43% since inception.


One more attractive point of this fund that I considered for investing is that in direct plan it's expense ratio is only 0.47% well below of some of it's peers.


Overall a very good fund & must in one's portfolio in equity side.


Thanks


Choose other AMCs but not Axis MF
Mar 27, 2020 04:09 PM7700 Views

I have bitter and very bad experience with AxisMF. I tried to register for SIP via internet at axismf.com but to my surprise these people are not genuine but merely cheaters,


their Website took all the details including, PAN, Mobile, Email, Job and yearly earnings etc etc. but at the end of payment page they payment is rejected because they are supporting only few of the banks(my bank was not supported) not all .


That is why I say, not to have investments with axisMF at all, they take all your information God knows what they do with it.


If only few banks are supported why they cant make a pre-requisite at the beginning of registration, that only list of banks will be supported. rather than taking all info and then rejecting.


I am sure this is a GOOF up and they need to banned by RBI/authorities


Customer service: Pathetic


singhabhayasusMouthShut Verified Member
Bareilly India
Axis Long Term ELSS Mutual Fund
Sep 18, 2018 01:23 AM11255 Views (via Mobile)

I have a sip in Axis Long Term Mutual fund. It's providing good return as well as tax saving upto 150000 in a financial year. So you should also invest in these Mutual funds to get good returns. I will also suggest many other funds like this. You can check all these on Mutualfundsahihai.com


Chennai, India India
Best Equity Mutual Fund
Sep 16, 2018 03:29 PM10474 Views (via Mobile)

"Warm welcome" . It is an excellent opportunity to the people to invest in a best Equity Mutual fund in the market. As per today's equity market, I suggest both open and closed mutual fund which gives excellent returns to the customers. Below mentioned mentioned are some really tested mutual funds.


Open ended: Axis Focused 25 fund


Closed ended:Axis long term Equity


"Earn more and Share more with smile" stay tuned.


subhasish1991MouthShut Verified Member
Dankuni India
Axis mutual fund
Jul 24, 2018 11:51 AM11889 Views (via Android App)

Axis mutual fund is best to other mutual funds. As I compare to fixed diposite, I sujest mutual fund for invest. Mutual funds is best way to long/short term investment.


Axis have lot of fund for mutual fund. I have a 2 sip with axis mutual fund. One is axis long turm equty fund , which I started 2year ago and currently return is 14% and it is also 80c tax benifit.


2nd is axis focuse 25 fund which is started at one year ago and curently return is 9% . Both are good funds and good return.


If you think about a investment so you can buy axis mutual funds. If you wants to more detais you can call customer care its very helpful and always available. Or you can go to axis bank, axis bank staff are always ready to hepl you.


As per my opinion axis mutual fund is best to others. My rating is 5/5


mak10101988MouthShut Verified Member
Mumbai India
Best performance in 2018
Apr 23, 2018 10:14 PM12875 Views (via Android App)

I have started SIP of some amount in axis elss tax savings mutual funds which also gives me benefit for tax declaration under 80c section.This mutual fund is performing very well having investment in various sectors share market.The exit load is 1% if you withdraw units before lock period.i have got good annual return from this.This mutual fund is performing very well even in market correction.It is moderate risk and achieving high rank( top 5 mutual fund) in list of mutual fund.We can start SIP as well as lumpsum investment in that.Axis mutual fund is best for investmen.It will give you higher returns than bank interest rate.


naik13MouthShut Verified Member
Mumbai
Axis Mutual Funds investment through SIP
Aug 23, 2017 08:43 AM17741 Views (via Mobile)

Dear All, Axis Mutual Funds(AMF) itself now gaining momentum in the mutual fund market with proving and providing excellent returns to their customers. Always try to invest through SIP in Axis Mutual Funds and try to go for Open Ended Funds or max 3 Years locking( Close Ended Funds). This way you can make a best expected fortune for yourself as well as for your family.


muqtadir521MouthShut Verified Member
Hyderabad India
BEST TAX SAVING INVESTMENT
Jul 08, 2017 12:57 PM18763 Views (via Mobile)

I have invested in this axis mutual funds and the have given me a great return.they have given me 22% return per annum.they are giving amazing returns upto 32%.they usually gives 22-28% returns to their customers.they are great tax saving company.they have legal permission from indian income tax department under the act of 80c.they gives a tax saving of rs 45000.


The risk factor in this mutual fund investment is higher but they give compulsory returns to their clients.it be better if you invest in long term investment plans.they invest in the leading top 25 companies and gives huge returns.I suggest everyone if you want to invest your money its none other better than this.


riti88MouthShut Verified Member
Gurgaon
Axis ELSS-Long term equity mutual fund
Jun 02, 2017 11:15 AM19111 Views (via iOS App)

Axis Mutual funds are one of the most trusted MFs in the market, and above all the Axis Long Term Equity Fund is ranked among top 3 by money control.


Axis long term equity fund is a 3 years lock-in tax saver fund which comes under the Section of 80C of Income Tax Act.


This mutual fund has given 32% returns till date and generally gives returns ranging between 20-28% p.a


Axis LTEF is a 5 star rated mutual fund by CRICIL.


The risk factor is high for this mutual fund as it is a pure 100% equity fund but it generally hasn't been in loss as there is a 3 years lock-in and the funds are invested in top 25 funds of the market by the fund manager.


If one needs a tax saver investment, then he can go with Axis Long Term Equity Fund as it is one of the best in industry in terms of its performance and returns.


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