I can see there two credit card types in Axis Miles and More but we can earn miles in Miles and More India website but why everyone talking about Magnus and Atlas for airmiles?
There are more transfer partners for Axis Magnus and Atlas. Magus gives Edge Rewards, which translates to 5:2 to the airline/ hotel partners (exclusions apply), similarly Atlas gives Edge Miles which translates to a 1:2 ratio for the same set of partners. At the end they gave better value. Magus was the best till 31st Aug as it gave 25k bonus for 1 lac monthly spends and 5:4 transfer ratio
Miles and more card is for Specifically MILES AND MORE program - Like Vistara card for vistara partner only whereas for magnus and atlas, you can chose 19 transfer partners
Atlas offers points that can be exchanged for miles/hotel points across various partners. Miles & More is just another airline FFP(European carriers) and offers terrible redemption rates for Star alliance partners.