AXIS ELSS Tax Saver Fund – Direct Growth

Equity · ELSS
 · 
₹ 500
Min SIP
₹ 500
Min Lumpsum
0.78 %
Expense Ratio
Rating
35,473
Fund Size (in Cr)
11 Years
Fund Age
Mutual Fund SIP Calculator
Monthly Investment
Max: ₹1,00,000
Investment Period
Yrs
Max: 5 yrs
  • Invested Amount
    --
  • Wealth Gained
    --
  • Expected Amount
    --

Scheme Performance

Returns and Ranks ( as on 12 April 2024 )
1Y1Y 3Y3Y 5Y5Y MaxMax
Trailing Returns 41.7% 13% 15.6% 18.1%
Category Average 40.2% 21.2% 17.7% -

Scheme Allocation

By Holding
By Sector
By Asset
TCS
5.97%
4.5%
Others
71.01%
View all Holdings
Holdings Sector Instrument Asset
Torrent Power Power Generation & Distribution Equity 6.62%
Bajaj Finance Finance Equity 6.21%
TCS IT - Software Equity 5.97%
Avenue Super. Retail Equity 5.69%
HDFC Bank Banks Equity 4.5%
Pidilite Inds. Chemicals Equity 4.34%
Nestle India FMCG Equity 3.59%
Info Edg.(India) E-Commerce/App based Aggregator Equity 3.38%
Cholaman.Inv.&Fn Finance Equity 2.95%
P I Industries Agro Chemicals Equity 2.92%
Divi's Lab. Pharmaceuticals Equity 2.78%
Tata Motors Automobile Equity 2.7%
Bajaj Finserv Finance Equity 2.68%
Zomato Ltd E-Commerce/App based Aggregator Equity 2.46%
M & M Automobile Equity 2.2%
Apollo Hospitals Healthcare Equity 2.19%
Astral Plastic products Equity 2.16%
Shree Cement Cement Equity 2.13%
Sundaram Finance Finance Equity 2.07%
Indian Hotels Co Hotels & Restaurants Equity 1.92%
Kotak Mah. Bank Banks Equity 1.85%
CG Power & Indu. Capital Goods - Electrical Equipment Equity 1.8%
Sona BLW Precis. Auto Ancillaries Equity 1.66%
Larsen & Toubro Infrastructure Developers & Operators Equity 1.6%
Bharti Airtel Telecomm-Service Equity 1.55%
ICICI Bank Banks Equity 1.52%
Sun Pharma.Inds. Pharmaceuticals Equity 1.5%
Tube Investments Auto Ancillaries Equity 1.35%
Reliance Industr Refineries Equity 1.34%
Mankind Pharma Pharmaceuticals Equity 1.27%
St Bk of India Banks Equity 0.98%
Tata Elxsi IT - Software Equity 0.96%
Persistent Sys IT - Software Equity 0.9%
Bajaj Auto Automobile Equity 0.83%
Jio Financial Finance Equity 0.82%
Cummins India Capital Goods-Non Electrical Equipment Equity 0.72%
Coforge IT - Software Equity 0.67%
Titan Company Diamond, Gems and Jewellery Equity 0.62%
Navin Fluo.Intl. Chemicals Equity 0.53%
NTPC Power Generation & Distribution Equity 0.5%
B P C L Refineries Equity 0.46%
Interglobe Aviat Air Transport Service Equity 0.42%
SBI Life Insuran Insurance Equity 0.38%
Clean Science Chemicals Equity 0.33%
Coal India Mining & Mineral products Equity 0.3%
Schaeffler India Bearings Equity 0.29%
ICICI Pru Life Insurance Equity 0.27%
PB Fintech. IT - Software Equity 0.25%
Max Healthcare Healthcare Equity 0.24%
MAS FINANC SER Finance Equity 0.2%
Timken India Bearings Equity 0.2%
Global Health Healthcare Equity 0.16%
Symphony Consumer Durables Equity 0.12%
Varun Beverages FMCG Equity 0.12%
Cipla Pharmaceuticals Equity 0.07%
Dixon Technolog. Consumer Durables Equity 0.04%
Bharat Electron Aerospace & Defence Equity 0.03%
Finance
14.68%
Retailing
12.07%
IT-Software
10.21%
Banks
8.6%
Power
6.47%
Others
47.97%
View all Sectors
Sectors Asset
Finance 14.68%
Retailing 12.07%
IT-Software 10.21%
Banks 8.6%
Power 6.47%
Automobiles 5.68%
Pharmaceuticals & Biotech 5.65%
Chemicals & Petrochemical 5%
Food Products 4.62%
Auto Components 3.32%
Industrial Products 3.21%
Fertilisers & Agrochemica 3.14%
Healthcare Services 2.73%
Debt 2.4%
Cement & Cement Products 2.35%
Leisure Services 1.99%
Electrical Equipments 1.54%
Construction 1.41%
Telecom-Services 1.39%
Petroleum Products 1.23%
Consumer Durables 0.74%
Insurance 0.65%
Consumable Fuels 0.58%
Transport Services 0.15%
Cash & Others 0.1%
Beverages 0.08%
Equity
96.31%
Reverse Repos
2.42%
Net Curr Ass/Net Receivables
1.3%

Advance Ratio

-7.61
Alpha
4.43
SD
1.04
Beta
0.31
Sharpe

Exit Load

Exit Load Nil

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

AMC Contact Details

Axis Mutual Fund
AUM:
2,75,166 Cr
Address:
One Lodha Place. 22nd & 23rd Floor, Senapati Bapat Marg, Lower Par el, Maharashtra, Mumbai - 400013.
Contact:
022-43255161
Email ID:
customerserivce@axismf.com

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Frequently Asked Questions

How to invest in AXIS ELSS Tax Saver Fund – Direct Growth ?

You can invest in AXIS ELSS Tax Saver Fund – Direct Growth in a quick and simple process. Follow the below steps;
  • Login to your 5paisa account, Go to the Mutual Funds section.
  • Search for AXIS ELSS Tax Saver 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 ELSS Tax Saver Fund – Direct Growth ?

The NAV of AXIS ELSS Tax Saver Fund – Direct Growth is ₹97.3 as of 12 April 2024.

How to redeem AXIS ELSS Tax Saver Fund – Direct Growth holding ?

You can go to your holding on the app and click on the fund name you will get two options Invest More and Redeem; click on redeem and enter the amount or units you desire to redeem or you can tick on “Redeem all units”.

What is the minimum sip amount of AXIS ELSS Tax Saver Fund – Direct Growth?

The minimum SIP amount of AXIS ELSS Tax Saver Fund – Direct Growth is ₹500

What are the top sectors AXIS ELSS Tax Saver Fund – Direct Growth has invested in?

The top sectors AXIS ELSS Tax Saver Fund – Direct Growth has invested in are
  1. Finance - 14.68%
  2. Retailing - 12.07%
  3. IT-Software - 10.21%
  4. Banks - 8.6%
  5. Power - 6.47%

Can I make investments in both the SIP and Lump Sum schemes of AXIS ELSS Tax Saver Fund – Direct Growth?

Yes, You can select both SIP or Lumpsum investment of AXIS ELSS Tax Saver Fund – Direct Growth based on your investment objective and risk tolerance.

How much returns have AXIS ELSS Tax Saver Fund – Direct Growth generated ?

The AXIS ELSS Tax Saver Fund – Direct Growth has delivered 18.1% since inception

What is the expense ratio of AXIS ELSS Tax Saver Fund – Direct Growth ?

The expense ratio of AXIS ELSS Tax Saver Fund – Direct Growth is 0.78 % as of 12 April 2024.

What is the AUM of AXIS ELSS Tax Saver Fund – Direct Growth?

The AUM of AXIS ELSS Tax Saver Fund – Direct Growth is ₹2,75,166 Cr as of 12 April 2024

What are the top stock holdings of AXIS ELSS Tax Saver Fund – Direct Growth?

The top stock holdings of AXIS ELSS Tax Saver Fund – Direct Growth are
  1. Torrent Power - 6.62%
  2. Bajaj Finance - 6.21%
  3. TCS - 5.97%
  4. Avenue Super. - 5.69%
  5. HDFC Bank - 4.5%

How can I redeem my investments in AXIS ELSS Tax Saver Fund – Direct Growth?

Step 1: Visit the fund house's website
Step 2: Log in to your account by adding Folio No. and M-Pin
Step 3: Click on Widhrawal > Redemption
Step 4: Select AXIS ELSS Tax Saver 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.

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