1. Equity Mutual Funds

Axis Unicorn’s Equity Mutual Funds invest primarily in stocks, aiming for long-term capital appreciation. These funds are suitable for investors looking for high growth potential and willing to take on higher risk. Equity funds can be further categorized into:

 

Large-Cap Funds: Invest in large, well-established companies.

Mid-Cap Funds: Focus on medium-sized companies with growth potential.

Small-Cap Funds: Target smaller companies with high growth prospects.

Sectoral/Thematic Funds: Invest in specific sectors like technology, healthcare, or finance.

Multi-Cap Funds: Diversify investments across companies of various sizes.

 

2. Debt Mutual Funds

Debt Mutual Funds invest in fixed-income securities such as government bonds, corporate bonds, and money market instruments. These funds are ideal for investors seeking regular income with lower risk compared to equity funds. Debt funds include:

 

Liquid Funds: Invest in short-term money market instruments, providing high liquidity.

Short-Term Debt Funds: Invest in debt securities with shorter maturities, offering stability and moderate returns.

Long-Term Debt Funds: Invest in long-duration bonds, suitable for investors with a longer investment horizon.

Gilt Funds: Invest primarily in government securities, offering safety with moderate returns.

 

3. Hybrid Mutual Funds

Hybrid Mutual Funds, also known as balanced funds, invest in a mix of equity and debt instruments. These funds aim to balance risk and return, making them suitable for investors looking for a mix of income and growth. Hybrid funds include:

 

Equity-Oriented Hybrid Funds: Primarily invest in equities with a smaller portion in debt.

Debt-Oriented Hybrid Funds: Invest mainly in debt securities with a portion in equities.

Balanced Advantage Funds: Dynamically manage the allocation between equity and debt based on market conditions.

 

4. Index Funds

Axis Unicorn’s Index Funds track and replicate the performance of a specific market index, such as the Nifty 50 or Sensex. These passively managed funds offer low-cost exposure to a diversified portfolio of stocks, making them suitable for investors looking for steady returns aligned with the market.

 

5. Tax-Saving Funds (ELSS)

Equity Linked Savings Schemes (ELSS) are tax-saving mutual funds that offer the dual benefit of tax deductions under Section 80C of the Income Tax Act and potential for capital appreciation. ELSS funds come with a mandatory 3-year lock-in period, making them an excellent option for long-term wealth creation and tax planning.

 

6. Sectoral/Thematic Funds

Sectoral/Thematic Funds invest in specific sectors or themes, such as technology, healthcare, or infrastructure. These funds are suitable for investors who have a strong belief in the growth prospects of a particular sector and are willing to take on higher risk for potentially higher returns.

 

7. International Funds

International Funds invest in equity or debt instruments across global markets, providing diversification beyond domestic investments. These funds are ideal for investors looking to gain exposure to international markets and diversify their portfolio geographically.

 

8. Fixed Maturity Plans (FMPs)

Fixed Maturity Plans are close-ended debt funds with a fixed tenure. FMPs invest in securities that mature in line with the fund’s maturity, offering predictable returns. These are suitable for investors with a specific investment horizon and looking for stability in returns.

 

Eligibility Criteria

 

    •    Individual Investors: Indian residents who are 18 years or older can invest in Axis Unicorn Mutual Funds. Non-resident Indians (NRIs) are also eligible to invest, subject to specific regulations.

    •    Joint Holders: Up to three individuals can hold a mutual fund account jointly. The first holder’s PAN and KYC details are mandatory.

    •    Minors: Investments can be made in the name of minors, but the account must be operated by a guardian until the minor reaches adulthood.

    •    Corporate and Institutional Investors: Companies, trusts, partnerships, and other institutional entities registered in India are eligible to invest in mutual funds.

 

Documents Required

 

For Individuals:

    •    Identity Proof: PAN Card, Aadhaar Card, Passport, Voter ID, or Driving Licence.

    •    Address Proof: Aadhaar Card, Passport, Utility Bill, or Ration Card.

    •    KYC Compliance: KYC form duly filled and signed along with recent passport-sized photographs.

    •    Bank Account Details: Canceled cheque or bank passbook copy for the account where dividends/redemptions are to be credited.

  
For NRIs:

    •    Overseas Address Proof: Passport, Utility Bill, or Bank Statement.

    •    FEMA Compliance: Copy of the PIS account letter issued by the designated bank.

    •    NRE/NRO Account Proof: Canceled cheque or bank statement of the NRE/NRO account.

For Minors:

    •    Birth Certificate: Proof of the minor’s age.

    •    Guardian’s Identity Proof: PAN Card, Aadhaar Card, Passport, etc.

    •    Guardian’s Address Proof: Aadhaar Card, Passport, Utility Bill, etc.

    •    Bank Account Details: Bank details of the minor’s account or guardian’s account for dividends/redemptions.

 
For Corporate and Institutional Investors:

    •    Incorporation Certificate: Proof of the entity’s registration.

    •    Board Resolution: Authorizing the investment in mutual funds.

    •    Authorized Signatory List: Signatures of those authorized to make investments on behalf of the entity.

    •    PAN Card and KYC Compliance: For the entity and authorized signatories.

    •    Bank Account Details: Canceled cheque or bank passbook copy for the entity’s bank account.