Description

Axis Mutual Fund reduces minimum SIP and lumpsum amounts from Rs. 1,000 to Rs. 100 for Liquid Fund and Overnight Fund schemes, with introduction of monthly SIP for Overnight Fund.

Summary

Axis Mutual Fund has revised minimum investment amounts for certain schemes on NSE MF Invest Platform, effective August 25, 2025. The changes significantly reduce barriers to entry by lowering minimum amounts from Rs. 1,000 to Rs. 100 for both lumpsum and SIP investments in Axis Liquid Fund and Axis Overnight Fund Growth options.

Key Points

  • Minimum lumpsum investment reduced from Rs. 500 to Rs. 100 for Axis Liquid Fund and Axis Overnight Fund Growth options
  • Minimum SIP amount reduced from Rs. 1,000 to Rs. 100 for both schemes across daily, weekly, and monthly frequencies
  • Introduction of monthly SIP frequency for Axis Overnight Fund Growth option
  • All changes maintain existing minimum installment requirement of 6 installments
  • Multiples remain at Re. 1/- for all investment types

Regulatory Changes

No regulatory framework changes. This is an operational modification by Axis Mutual Fund to make their schemes more accessible to investors with lower investment capacity.

Compliance Requirements

  • NSE MF Invest Platform to implement revised minimum amounts in their systems
  • All members to note the changes for client guidance and transaction processing
  • Updated Scheme Information Documents and Key Information Memorandums to reflect new provisions

Important Dates

  • Circular Date: July 31, 2025
  • Effective Date: August 25, 2025
  • All revised provisions become applicable from the effective date

Impact Assessment

Positive impact on retail investor participation by reducing entry barriers. The 80% reduction in minimum SIP amounts (from Rs. 1,000 to Rs. 100) and 80% reduction in lumpsum minimums (from Rs. 500 to Rs. 100) makes liquid and overnight funds more accessible to small investors. Introduction of monthly SIP for Overnight Fund provides additional flexibility for systematic investment planning.

Impact Justification

Reduces barriers to mutual fund investment by lowering minimum amounts, making schemes more accessible to retail investors