Axis Bank Interview Questions and Answers

For long-term investment in mutual funds, recommended funds are diversified equity funds and balanced funds. To get regular payouts from growth funds, one can opt for systematic withdrawal plans (SWP).

• Recommended funds for long-term investment: diversified equity funds and balanced funds

• Diversified equity funds provide exposure to a wide range of stocks, offering potential for higher returns

• Balanced funds invest in a mix of equities and debt instruments, providing a balance b...read more

Highlight the benefits of investing in stocks and mutual funds over FDs for senior citizens.

• Explain how inflation can erode the value of their savings in FDs over time

• Emphasize the potential for higher returns in the long run with stocks and mutual funds

• Highlight the tax benefits of investing in equity-linked savings schemes (ELSS)

• Assure them that investing in stocks and mutual funds can be done safely with proper research and guidance

• Provide examples of successful investment...read more

Mutual Funds in India have captured around 14% of the total assets under management in the financial market.

• Mutual Funds in India have grown significantly in the past decade.

• As of March 2021, the total assets under management (AUM) of the mutual fund industry in India stood at INR 32.17 trillion (USD 430 billion).

• This is around 14% of the total assets under management in the financial market.

• The market capture of mutual funds in India is expected to increase in the coming yea...read more

The highest target achievement in life insurance is achieving a high policy renewal rate.

• The highest target achievement in life insurance is to maintain a high policy renewal rate.

• This indicates that customers are satisfied with their policies and are willing to continue their coverage.

• A high policy renewal rate also leads to a stable and consistent stream of premium income for the insurance company.

• Achieving a high policy renewal rate requires providing excellent customer se...read more

The annual life insurance target achieved varies based on factors such as market conditions, sales strategies, and customer demand.

• The annual life insurance target achieved can be influenced by the overall economic climate and market conditions.

• Sales strategies and initiatives implemented by the company can impact the achievement of the annual life insurance target.

• Customer demand for life insurance products can also play a role in determining the target achieved.

• For example,...read more

Revenue generation on a monthly basis refers to the amount of income a company generates in a given month.

• Revenue generation is the process of generating income for a company through various sources such as sales, services, and investments.

• It is important for a company to track its monthly revenue generation to assess its financial performance and make informed business decisions.

• Examples of revenue generation activities include selling products or services, securing new clie...read more