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Invested Amount--
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Wealth Gained--
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Expected Amount--
Scheme Performance
1Y | 1Y | 3Y | 3Y | 5Y | 5Y | Max | Max | |
---|---|---|---|---|---|---|---|---|
Trailing Returns | 6.5% | 17.3% | 11.6% | 17% | ||||
Category Average | 13.5% | 24.6% | 14.5% | - |
Scheme Allocation
Holdings | Sector | Instrument | Asset |
---|---|---|---|
Bajaj Finance | Finance | Equity | 8.46% |
Avenue Super. | Retail | Equity | 7.98% |
TCS | IT - Software | Equity | 7.12% |
Nestle India | FMCG | Equity | 6.25% |
Info Edg.(India) | E-Commerce/App based Aggregator | Equity | 5.45% |
Torrent Power | Power Generation & Distribution | Equity | 4.84% |
Pidilite Inds. | Chemicals | Equity | 4.82% |
HDFC Bank | Banks | Equity | 4.54% |
Divi's Lab. | Pharmaceuticals | Equity | 4.37% |
Cholaman.Inv.&Fn | Finance | Equity | 4.26% |
Bajaj Finserv | Finance | Equity | 4.1% |
P I Industries | Agro Chemicals | Equity | 3.93% |
Shree Cement | Cement | Equity | 3.47% |
Kotak Mah. Bank | Banks | Equity | 3.23% |
Tata Motors | Automobile | Equity | 2.42% |
Astral | Plastic products | Equity | 2.4% |
M & M | Automobile | Equity | 2.34% |
Apollo Hospitals | Healthcare | Equity | 2.19% |
Sundaram Finance | Finance | Equity | 1.84% |
Sona BLW Precis. | Auto Ancillaries | Equity | 1.8% |
Tube Investments | Auto Ancillaries | Equity | 1.68% |
Zomato Ltd | E-Commerce/App based Aggregator | Equity | 1.62% |
Indian Hotels Co | Hotels & Restaurants | Equity | 1.28% |
Tata Elxsi | IT - Software | Equity | 1.21% |
CG Power & Indu. | Capital Goods - Electrical Equipment | Equity | 1.08% |
Persistent Sys | IT - Software | Equity | 1.05% |
Mankind Pharma | Trading | Equity | 1% |
Coforge | IT - Software | Equity | 0.96% |
Navin Fluo.Intl. | Chemicals | Equity | 0.88% |
Clean Science | Chemicals | Equity | 0.4% |
MAS FINANC SER | Finance | Equity | 0.38% |
Symphony | Consumer Durables | Equity | 0.21% |
TTK Healthcare | Diversified | Equity | 0.11% |
Timken India | Bearings | Equity | 0.11% |
Jio Financial | Finance | Equity | 0.11% |
Global Health | Healthcare | Equity | 0.09% |
Vijaya Diagnost. | Healthcare | Equity | 0.05% |
Schaeffler India | Bearings | Equity | 0.02% |
Aditya Birla Cap | Finance | Equity | 0.01% |
Motherson Wiring | Auto Ancillaries | Equity | 0.01% |
Ideaforge Tech | Engineering | Equity | 0% |
Sectors | Asset |
---|---|
Finance | 20.78% |
Retailing | 15.3% |
IT-Software | 10.14% |
Banks | 8.34% |
Food Products | 6.67% |
Chemicals & Petrochemical | 6.14% |
Power | 5.21% |
Pharmaceuticals & Biotech | 4.95% |
Fertilisers & Agrochemica | 3.89% |
Cement & Cement Products | 3.43% |
Automobiles | 3.41% |
Auto Components | 3.03% |
Industrial Products | 2.47% |
Healthcare Services | 2.42% |
Leisure Services | 1.09% |
Electrical Equipments | 0.95% |
Debt | 0.92% |
Cash & Others | 0.54% |
Consumer Durables | 0.2% |
Diversified | 0.11% |
Aerospace & Defense | 0% |
Advance Ratio
Exit Load
Exit Load | Nil |
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Fund Objective
Axis Mutual Fund offers a Tax Saver mutual fund plan called Axis Long Term Equity Direct Plan-Growth. Originally called the Axis Tax Saver Fund, it rebranded as the Axis Long Term Equity fund in September 2011. It is an ELSS funds programme that is managed by Jinesh Gopani, one of Axis Mutual Fund’s finest fund managers. Its AUM is 31,583.02 Crores, and the most recent NAV declared value is ?70.782 as of January 6.
Over the last year (2022), the Axis Long Term Equity Direct Plan-Growth plan has returned 14.00%, over the past three years, it has returned 34.28%, and throughout its lifetime, it has returned 371.08%. The minimum Systematic Investment Plan (SIP) investment for this plan is ?500.
The plan’s objective aim is to create income and long-term capital appreciation through a diversified portfolio consisting primarily of equities and equity-related securities.
Pros & Cons
Pros | Cons |
---|---|
Higher AUM count under the category | Unstable relative to other products in the category. |
Beats FD returns for both 5Y & 3Y. | Possibility of negative outcomes is higher. |
Results in consistent returns. | Does not outperform the benchmark consistently. |
Maintains a dominant performance relative to the benchmark. |
How to invest in AXIS Long Term Equity Fund?
5paisa makes it straightforward for people to invest in the Axis Long-Term Equity Fund. The whole process takes very little time to complete and requires no papers whatsoever. Follow the steps outlined below:
What is the expense ratio of the AXIS Long-Term Equity Fund?
The Expense Ratio of a Mutual Fund represents the yearly fees you pay to the Mutual Fund provider for the management of your assets in that fund.
The Expense Ratio is expressed as a percentage of Assets Under Management (AUM) and is deducted from the fund’s returns. Therefore, a fund with a lower cost ratio is always preferable, since a lesser portion of the returns will be deducted, leaving you with more returns.
Axis Long Term Equity Fund has an expense ratio of 0.79%, which is lower than the expense ratios of the vast majority of ELSS funds.
Who should invest in AXIS Long Term Equity Fund?
- The Axis Long Term Equity Fund (G) is designed for investors who can commit a minimum of 5 to 7 years to their investments.
- Investors who want to avoid paying taxes on their capital gains during the current fiscal year may want to consider putting their money into an equity-linked savings plan such as the Axis Long Term Equity Fund.
- This tax-savings fund invests in equities to produce long-term growth in value and comes with a specified lock-in period of three years.
- Investors who are comfortable diversifying their portfolios with a tax-saving vehicle that also invests in equities may want to explore adding Axis Long Term Equity Fund to their investment options.
What are the benefits of investing in the AXIS Long-Term Equity Fund?
- Many taxpayers who want to take advantage of deductions allowed by Section 80C of the Income Tax Act of 1961 choose the Axis Long Term Equity Fund G ELSS.
- It enables optimal tax planning by providing investors with outstanding capital gains. This plan is the best performer in its category and has delivered investors the greatest returns in its category on several occasions.
- With a three-year lock-in, your investment will remain undisturbed by the ups and downs of the stock market. In addition, the fund manager has a clearer window to assess interim volatility and make well-informed decisions.
- If you have long-term objectives such as children’s education and future, retirement, or any other long-term growth that requires a wealth development strategy, then this fund can be beneficial to you.
Fund Managers
Jinesh Gopani - Asset Under Management - Head of Equities, Axis Asset Management Ltd
With 20 years of work experience in fund management and content listing, Mr Jinesh Gopani is a prime part of Axis Mutual Fund. His current designation is Head of Equities, Axis Asset Management Ltd. He heads US$ 18 billion equity AUM (Asset Under Management) at Axis AMC. The AUM size of Axis Mutual Fund has increased at a CAGR (Compounded Annual Growth Rate) of 35% in the last three (3) years and 45% since its inception in 2009. His educational qualifications include a Master of Business Administration (MBA), MMS (Finance and Financial Management Services), and B.Com (Finance) from the University of Mumbai.
Mr Gopani joined Axis AMC in September 2009 as a Senior Fund Manager. He was promoted to his current role in September 2016. Before joining Axis AMC, he worked with Birla Sunlife as a Portfolio Manager and Voyager India Capital as Senior Research Analyst.
Under Mr Jinesh Gopani’s stewardship, Axis AMC has earned the coveted title of the No. 1 AMC in India. Incidentally, it was the 41st AMC in 2009. Mr Gopani manages fourteen (14) Axis Mutual Fund schemes, including Axis Long Term Equity Fund, Axis Focused 25 Fund, Axis Nifty Midcap 50 Index Fund, Axis NIFTY IT ETF, Axis Retirement Savings Fund, etc.
Risk-O-Meter
Peer Comparison
- Fund Name
- Fund Size
- 1Y
- 3Y Returns
- 5Y
-
Franklin India Taxshield – Direct Growth- Equity .
- ELSS .
-
- 5,246
-
19.5%Fund Size - 5,246
-
29.4%Fund Size - 5,246
-
14.6%Fund Size - 5,246
-
Nippon India Tax Saver (ELSS) Fund – Dir Growth- Equity .
- ELSS .
-
- 12,543
-
16.4%Fund Size - 12,543
-
28.6%Fund Size - 12,543
-
11.4%Fund Size - 12,543
-
Kotak Tax Saver Fund – Direct Growth- Equity .
- ELSS .
-
- 4,088
-
16.9%Fund Size - 4,088
-
26.7%Fund Size - 4,088
-
17.3%Fund Size - 4,088
-
Sundaram Tax Savings Fund – Direct Growth- Equity .
- ELSS .
-
- 1,084
-
13.3%Fund Size - 1,084
-
25.7%Fund Size - 1,084
-
13.8%Fund Size - 1,084
-
ICICI Pru Long Term Equity Fund – Direct Growth- Equity .
- ELSS .
-
- 11,227
-
14.5%Fund Size - 11,227
-
25%Fund Size - 11,227
-
13.7%Fund Size - 11,227
AMC Contact Details
Frequently Asked Questions
How to invest in AXIS Long Term Equity Fund – Direct Growth ?
- Login to your 5paisa account, Go to the Mutual Funds section.
- Search for AXIS Long Term Equity Fund – Direct Growth in the search box.
- Click on "Start SIP" if you wish to do a SIP or click on “One-time” if you wish to invest a lumpsum amount then click on "Invest Now"
What is the NAV of AXIS Long Term Equity Fund – Direct Growth ?
How to redeem AXIS Long Term Equity Fund – Direct Growth holding ?
What is the minimum sip amount of AXIS Long Term Equity Fund – Direct Growth?
What are the top sectors AXIS Long Term Equity Fund – Direct Growth has invested in?
- Finance - 20.78%
- Retailing - 15.3%
- IT-Software - 10.14%
- Banks - 8.34%
- Food Products - 6.67%
Can I make investments in both the SIP and Lump Sum schemes of AXIS Long Term Equity Fund – Direct Growth?
How much returns have AXIS Long Term Equity Fund – Direct Growth generated ?
What is the expense ratio of AXIS Long Term Equity Fund – Direct Growth ?
What is the AUM of AXIS Long Term Equity Fund – Direct Growth?
What are the top stock holdings of AXIS Long Term Equity Fund – Direct Growth?
- Bajaj Finance - 8.46%
- Avenue Super. - 7.98%
- TCS - 7.12%
- Nestle India - 6.25%
- Info Edg.(India) - 5.45%
How can I redeem my investments in AXIS Long Term Equity Fund – Direct Growth?
Step 2: Log in to your account by adding Folio No. and M-Pin
Step 3: Click on Widhrawal > Redemption
Step 4: Select AXIS Long Term Equity Fund – Direct Growth in Scheme, enter the redemption amount, and click on submit button.
Is there any lock-in period for AXIS Long Term Equity Fund - Direct Growth?
Yes, there is lock-in period for AXIS Long Term Equity Fund – Direct Growth.