Published Jul 1, 2026 4 Min Read

Introduction

When comparing Axis vs SBI Mutual Fund, there is no single AMC that is better for every investor. The right choice depends on factors such as the fund category, investment objective, costs, risk level and long-term financial goals.

  • Both AMCs offer equity, debt, hybrid, ELSS and other mutual fund schemes. 
  • You should compare individual schemes instead of selecting an AMC based only on its brand name. 
  • Investors can choose from 4,000+ mutual fund schemes on the Bajaj Broking website across multiple fund categories. 
  • SIP investments start from Rs. 100 per month for eligible schemes. 
  • Mutual fund schemes display the SEBI-mandated riskometer, ranging from Low to Very High. 
  • KYC is mandatory before investing, as required by SEBI. 

Start your mutual fund investment journey on the Bajaj Broking website by completing your KYC, comparing mutual fund schemes and investing through SIP or lumpsum.

Axis vs SBI Mutual Fund: AMC overview

Both Axis Mutual Fund and SBI Mutual Fund are SEBI-regulated Asset Management Companies (AMCs) that offer mutual fund schemes across equity, debt, hybrid, ELSS, index, exchange-traded funds (ETFs) and other categories. You can invest in schemes from both AMCs through the Bajaj Broking website, which offers access to 4,000+ mutual fund schemes.

When comparing the two AMCs, consider factors such as Assets Under Management (AUM), range of schemes, investment philosophy, expense ratios, fund manager expertise and whether the individual scheme matches your financial goals.

FeatureAxis Mutual FundSBI Mutual Fund
Established20091987
SponsorAxis BankState Bank of India and Amundi
Assets Under Management (AUM)Around Rs. 3.7 lakh croreAround Rs. 12.5 lakh crore
Number of schemesAround 71 schemesAround 90+ schemes
Investment categoriesEquity, Debt, Hybrid, ELSS, Index, ETFs, Fund of Funds and Thematic fundsEquity, Debt, Hybrid, ELSS, Index, ETFs, Fund of Funds and Thematic funds
Investment optionsSIP and lumpsum available for most schemesSIP and lumpsum available for most schemes

While SBI Mutual Fund manages a significantly larger asset base and offers a broader range of schemes, Axis Mutual Fund also provides a diversified portfolio across major mutual fund categories. Rather than selecting an AMC based only on its size, compare the individual scheme's investment objective, expense ratio, portfolio strategy and the SEBI-mandated riskometer, which ranges from Low to Very High, before investing.

Top funds offered by Axis and SBI Mutual Fund

Both Axis Mutual Fund and SBI Mutual Fund offer schemes across equity, debt, hybrid, ELSS and index fund categories. Instead of selecting an AMC based only on its reputation, compare individual schemes based on their investment objective, risk level, expense ratio and suitability for your financial goals.

Axis Mutual FundCategorySBI Mutual FundCategory
Axis Large Cap FundLarge Cap EquitySBI Bluechip FundLarge Cap Equity
Axis Midcap FundMid Cap EquitySBI Large & Midcap FundLarge & Mid Cap Equity
Axis ELSS Tax Saver FundELSS (Tax Saver)SBI ELSS Tax Saver FundELSS (Tax Saver)
Axis Nifty 50 Index FundIndex FundSBI Nifty Next 50 Index FundIndex Fund
Axis Liquid FundLiquid Debt FundSBI Liquid FundLiquid Debt Fund

These are some of the well-known schemes offered by the two AMCs across different fund categories. The right fund depends on your investment objective, investment horizon and risk appetite rather than the AMC alone. Before investing, compare each scheme's investment strategy, expense ratio, historical consistency and the SEBI-mandated riskometer, which ranges from Low to Very High.

Axis vs SBI Mutual Fund: Key differences

When comparing Axis vs SBI Mutual Fund, you should look beyond the AMC name and evaluate the individual mutual fund scheme.


FeatureAxis Mutual FundSBI Mutual Fund
Expense ratioVaries by schemeVaries by scheme
SIP availabilitySIP and lumpsum available for most schemesSIP and lumpsum available for most schemes
Risk levelDepends on the scheme's SEBI riskometerDepends on the scheme's SEBI riskometer
ReturnsMarket-linked and vary by schemeMarket-linked and vary by scheme

Axis vs SBI Mutual Fund: Fund category comparison

Both Axis Mutual Fund and SBI Mutual Fund offer schemes across major mutual fund categories. Instead of choosing an AMC alone, compare the individual scheme's investment objective, risk level, portfolio strategy and suitability for your financial goals.

Fund categoryAxis Mutual FundSBI Mutual Fund
Equity fundsOffers large-cap, mid-cap, small-cap, multi-cap, flexi-cap and sectoral funds.Offers large-cap, mid-cap, small-cap, multi-cap, flexi-cap and sectoral funds.
Debt fundsOffers liquid, overnight, money market, corporate bond and other debt funds.Offers liquid, overnight, money market, corporate bond and other debt funds.
Hybrid fundsOffers aggressive hybrid, balanced advantage and other hybrid funds.Offers aggressive hybrid, balanced advantage and other hybrid funds.
ELSS fundsOffers tax-saving ELSS schemes with a mandatory 3-year lock-in.Offers tax-saving ELSS schemes with a mandatory 3-year lock-in.
Index fundsOffers passive funds tracking benchmark indices.Offers passive funds tracking benchmark indices.

Before investing, compare the individual scheme's objective, expense ratio, investment strategy and the SEBI-mandated riskometer, which ranges from Low to Very High.

Unique strengths of SBI Mutual Fund vs Axis Mutual Fund

Both AMCs have their own strengths, and the better choice depends on what you are looking for as an investor.

Axis Mutual FundSBI Mutual Fund
Offers a broad range of equity, debt, hybrid and passive funds.Offers one of the widest mutual fund portfolios across multiple investment categories.
Suitable for investors looking for active and passive investment options.Provides schemes for different investment horizons and risk profiles.
Offers SIP and lumpsum investment options across most schemes.Offers SIP and lumpsum investment options across most schemes.
Fund performance varies by individual scheme and market conditions.Fund performance varies by individual scheme and market conditions.

Rather than selecting an AMC based only on its size or popularity, compare the individual mutual fund scheme that matches your financial goals, investment horizon and risk appetite.

Which mutual fund is better — Axis or SBI for beginners?

There is no single answer because the right choice depends on your financial goals, investment horizon and ability to handle market risk. Instead of selecting an AMC first, compare individual mutual fund schemes within the category you want to invest in.

For beginners, consider the following factors before investing:

FactorWhy it matters
Financial goalChoose a scheme that matches your objective, such as wealth creation or tax saving.
Investment horizonLonger investment periods may suit equity-oriented funds, while shorter goals may suit debt funds.
Risk appetiteReview the SEBI-mandated riskometer before investing.
Investment modeMost schemes on the Bajaj Broking website support both SIP and lumpsum investments.
Minimum investmentSIP investments start from Rs. 100 per month for eligible schemes on the Bajaj Broking website.

If you are new to mutual funds, starting with a SIP can help you invest regularly while spreading your investments over time. However, mutual fund returns are market-linked and not guaranteed.

Conclusion

The comparison between Axis vs SBI Mutual Fund should focus on the individual mutual fund scheme rather than the AMC alone. Both fund houses offer equity, debt, hybrid, ELSS, index and other mutual fund categories, making them suitable for different investment needs.

Before investing, compare the scheme's investment objective, risk level, expense ratio and long-term suitability for your financial goals. On the Bajaj Broking website, you can compare 4,000+ mutual fund schemes across equity, debt, hybrid, ELSS and thematic categories. After completing your mandatory KYC, you can invest through SIP from Rs. 100 per month or choose a lumpsum investment.

Frequently asked questions

Which is better for SIP — SBI or Axis Mutual Fund?

There is no single AMC that is better for every SIP investor. The right choice depends on the individual mutual fund scheme, your financial goals, investment horizon and risk appetite. Instead of comparing only the AMC, compare the scheme's investment objective, expense ratio and the SEBI-mandated riskometer. On the Bajaj Broking website, you can compare 4,000+ mutual fund schemes and start a SIP from Rs. 100 per month for eligible schemes.


Which AMC is better for tax-saving investments?

Both Axis Mutual Fund and SBI Mutual Fund offer ELSS (Equity Linked Savings Scheme) funds. ELSS funds qualify for a deduction of up to Rs. 1.5 lakh under Section 80C of the Income-tax Act and have a mandatory 3-year lock-in period. Compare the individual ELSS scheme's investment strategy, expense ratio, risk level and long-term performance before investing.


Which AMC has lower expense ratios — Axis or SBI?

Neither AMC consistently has lower expense ratios across all schemes. The expense ratio is set by the respective Asset Management Company (AMC) and varies depending on the individual mutual fund scheme and plan. It is an annual fee deducted from the scheme's Net Asset Value (NAV) rather than charged separately. The Bajaj Broking website allows you to compare scheme details before investing.


Is SBI Mutual Fund safe to invest in?

SBI Mutual Fund is a SEBI-regulated Asset Management Company, but no mutual fund investment is completely risk-free. The safety of your investment depends on the individual mutual fund scheme and the assets it holds. Before investing, review the SEBI-mandated riskometer, which ranges from Low to Very High, to understand the scheme's level of risk.


Does Axis Mutual Fund perform better than SBI in the long term?

There is no universal answer because long-term performance varies across individual mutual fund schemes and market conditions. Instead of comparing the AMCs alone, compare schemes within the same category and evaluate their investment objective, portfolio, expense ratio and consistency over an appropriate time horizon. Remember that past performance does not guarantee future returns.


Can I invest in both Axis and SBI Mutual Funds simultaneously?

Yes. You can invest in mutual fund schemes from both Axis Mutual Fund and SBI Mutual Fund if doing so supports your investment strategy. Diversifying across different AMCs may help you access different fund managers, investment styles and scheme options. On the Bajaj Broking website, you can compare and invest in mutual fund schemes from multiple AMCs through SIP or lumpsum after completing your mandatory KYC.


What is the minimum SIP amount for Axis Mutual Fund?

The minimum SIP amount depends on the individual Axis Mutual Fund scheme. On the Bajaj Broking website, SIP investments start from Rs. 100 per month for eligible mutual fund schemes. Before investing, check the scheme-specific SIP requirements, investment objective and applicable terms.


Which mutual fund is better — Axis or SBI for beginners with moderate risk?

If you are a beginner with a moderate risk appetite, neither AMC is automatically better than the other. Instead, compare mutual fund schemes within the same category and choose one that matches your financial goals and investment horizon. Review the SEBI-mandated riskometer, investment strategy, expense ratio and portfolio before investing.

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Disclaimer

Bajaj Finance Limited (“BFL”) is an NBFC offering loans, deposits and third-party wealth management products.

The information contained in this article is for general informational purposes only and does not constitute any financial advice. The content herein has been prepared by BFL on the basis of publicly available information, internal sources and other third-party sources believed to be reliable. However, BFL cannot guarantee the accuracy of such information, assure its completeness, or warrant such information will not be changed.

This information should not be relied upon as the sole basis for any investment decisions. Hence, User is advised to independently exercise diligence by verifying complete information, including by consulting independent financial experts, if any, and the investor shall be the sole owner of the decision taken, if any, about suitability of the same.

Disclaimer

Bajaj Finance Limited ("BFL") is registered with the Association of Mutual Funds in India ("AMFI") as a distributor of third party Mutual Funds (shortly referred as 'Mutual Funds) with ARN No. 90319

BFL does NOT:

(i) provide investment advisory services in any manner or form.

(ii) carry customized/personalized suitability assessment.

(iii) carry independent research or analysis, including on any Mutual Fund schemes or other investments; and provide any guarantee of return on investment.

In addition to displaying the Mutual fund products of Asset Management Companies, some general information is sourced from third parties, is also displayed on As-is basis, which should NOT be construed as any solicitation or attempt to effect transactions in securities or the rendering any investment advice. Mutual Funds are subject to market risks, including loss of principal amount and Investor should read all Scheme/Offer related documents carefully. The NAV of units issued under the Schemes of mutual funds can go up or down depending on the factors and forces affecting capital markets and may also be affected by changes in the general level of interest rates. The NAV of the units issued under the scheme may be affected, inter-alia by changes in the interest rates, trading volumes, settlement periods, transfer procedures and performance of individual securities forming part of the Mutual Fund. The NAV will inter-alia be exposed to Price/Interest Rate Risk and Credit Risk. Past performance of any scheme of the Mutual fund do not indicate the future performance of the Schemes of the Mutual Fund. BFL shall not be responsible or liable for any loss or shortfall incurred by the investors. There may be other/better alternatives to the investment avenues displayed by BFL. Hence, the final investment decision shall at all times exclusively remain with the investor alone and BFL shall not be liable or responsible for any consequences thereof.

Investment by a person residing outside the territorial jurisdiction of India is not acceptable nor permitted.

Disclaimer on Risk-O-Meter:

Investors are advised before investing to evaluate a scheme not only on the basis of the Product labeling (including the Riskometer) but also on other quantitative and qualitative factors such as performance, portfolio, fund managers, asset manager, etc, and shall also consult their Professional advisors, if they are unsure about the suitability of the scheme before investing.


Disclosure
: Bajaj Finance Limited (BFL) is a distributor of Mutual Funds with ARN - 90319 and distributes mutual funds of Bajaj Finserv Asset Management Limited (BFSAMC). BFL receives commission towards distribution of mutual fund products. BFSAMC is a group company of BFL, carrying business on arm’s length basis without any conflict of interest and in accordance with the prevailing law / regulation.