Axis Bank Share Price Today - Axis Bank Share Price NSE - mymoneykarma

Information and History About Axis Bank:

The Axis bank was established in 1993. The equity shares of the Axis Bank are listed on Bombay Stock Exchange and National Stock exchange of India. It is based in Mumbai, Maharashtra and the bank has a network of 3,703 branches. It has the most extensive ATM network among the private banks. In 2007, the name of the UTI Bank was changed to Axis Bank. In 1993, it began its operations after the Government of India has allowed the establishment of new private banks. The first branch was established in 1994 in Ahmedabad and inaugurated by Mr.Manmohan Singh, who was the Finance Minister of India at that time. The UTI bank was promoted by the UTI, LIC, General Insurance Corporation, Oriental Insurance Corporation, New India Assurance Company. The Axis bank is the first to launch the travel currency card in 2003 and got listed on the London Stock Exchange. In 2006, the first overseas branch of UTI Bank was incorporated in Singapore, and in 2011 an office in Colombo was opened. The bank had more than 50,000 employees as per 2016 record. In mobile banking, the bank has introduced Axis pay to facilitate the payments through UPI Interface. The bank also launched an augmented reality feature in its mobile app. The bank has also opened offices in other countries like China, UAE, Sri Lanka and the UK.

Stocks or Mutual Funds: Here is our recommendation

A lot of research and knowledge is required in stock market investments, and generally, they don't offer any tax benefits. Hence at mymoneykarma, we merely motivate our readers to invest in mutual funds. Investing in mutual funds doesn't require a lot of knowledge, and equity-linked mutual fund schemes also provide tax benefits. In addition to it, since mutual funds contain stocks from multiple companies, they help in building a diversified portfolio.

About MyMoneyKarma: MyMoneyKarma is emerging as a leading Recommender Engine that helps people makes Intelligent Financial decisions. We are founded by two Stanford Business School alumni who bring decades of experience in Consumer Finance and Technology. Our focus is on creating secure, data-driven, unbiased, and consumer-friendly online tools that recommend products and services in a rapidly evolving environment. We use Machine Learning algorithms to identify potential opportunities for our customers to plan, save and invest.

Axis Bank Share Price - Axis Bank Stock Price Live In NSE & BSE - mymoneykarma

Why Invest in Axis Bank?

Since the last couple of years, not only private sector banks have done exceptionally well, but they have also outperformed public sector banks. Especially in the case of non-performing assets, which the private banks have handled superbly. Their net NPA and gross NPA counts are far better than that of Public Sector Banks which, in turn, speaks of their asset quality.

NIFTY Index

The NIFTY is NSE's flagship index that tracks the behavior of a portfolio of blue-chip companies that have the largest and most liquid Indian securities. It is owned as well as managed by IISL (India Index Services and Products Ltd), which is India's first specialized company to focus on an index as a core product. Nifty indexes 50 of the 1600 companies on the National Stock Exchange (NSE) and is thus popularly referred to as 'Nifty 50'.

About MyMoneyKarma:

MyMoneyKarma is emerging as a leading Recommender Engine that helps people makes Intelligent Financial decisions. We are founded by two Stanford Business School alumni who bring decades of experience in Consumer Finance and Technology. Our focus is on creating secure, data-driven, unbiased, and consumer-friendly online tools that recommend products and services in a rapidly evolving environment. We use Machine Learning algorithms to identify potential opportunities for our customers to plan, save and invest.