AXIS Long Term Equity Fund

Equity | ELSS Mutual Funds
 | 2
Monthly Amount Invested
Duration
Yr
  • Would Have Become
    --
  • Invested Value
    --
  • Total Gain
    --
  • Returns
    -- per annum
₹500 ₹500 0.85 % 2★ ₹28,754 10 Years
Min SIP Min Lumpsum Expense Ratio Rating Fund Size (in Cr) Fund Age
₹500 ₹500 0.85 %
Min SIP Min Lumpsum Expense Ratio
2★ ₹28,754 Cr 10 Years
Rating Fund Size Fund Age

Scheme 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.

Scheme Performance

Returns and Ranks ( as on 22 March 2023 )
1 Year1Y 3 Years3Y 5 Years5Y MaxMax
Trailing Returns -11.1% 15.7% 9.4% 15.7%
Category Average -0.7% 33.7% 11.3% -

Scheme Allocation

Holding
Sector
Asset
Bajaj Finance
8.97%
TCS
8.49%
Avenue Super.
8.32%
Kotak Mah. Bank
7.07%
Nestle India
6.36%
Others
60.79%
Finance
24.54%
Retailing
13.9%
IT-Software
10.38%
Banks
9.58%
Food Products
6.36%
Others
35.24%
Equity
99.37%
Reverse Repos
0.62%
Net Curr Ass/Net Receivables
0.02%

Fund House Details

Axis Mutual Fund

AXIS Long Term Equity Fund

Fund Manager
Jinesh Gopani

Exit Load

Exit Load Nil

Advance Ratio

-0.05 1.02 0.93 -0.04
Alpha SD Beta Sharpe

Risk-O-Meter

Other Funds from the same Fund House

Peer Comparison

AMC Contact Details

Axis Mutual Fund
AUM:
2,48,929 Cr
Address:
Axis House, 1st Floor,C-2, Wadia international centre,Pandurang Budhkar Marg, Worli, Mumbai - 400025
Contact:
022-43255161
Email ID:
customerserivce@axismf.com

Frequently Asked Questions

You can invest in AXIS Long Term Equity Fund in a quick and simple process. Follow the below steps;
  • Login to your 5paisa account, Go to the Mutual Funds section.
  • Search for AXIS Long Term Equity Fund 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"
The AXIS Long Term Equity Fund has delivered 15.7% since inception
The NAV of AXIS Long Term Equity Fund is ₹67.5 as of 22 March 2023.
The expense ratio of AXIS Long Term Equity Fund is 0.85 % as of 22 March 2023.
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”.
The AUM of AXIS Long Term Equity Fund is ₹2,48,929 Cr as of 22 March 2023
The minimum SIP amount of AXIS Long Term Equity Fund is ₹500
The top stock holdings of AXIS Long Term Equity Fund are
  1. Bajaj Finance - 8.97%
  2. TCS - 8.49%
  3. Avenue Super. - 8.32%
  4. Kotak Mah. Bank - 7.07%
  5. Nestle India - 6.36%
The top sectors AXIS Long Term Equity Fund has invested in are
  1. Bajaj Finance - 8.97%
  2. TCS - 8.49%
  3. Avenue Super. - 8.32%
  4. Kotak Mah. Bank - 7.07%
  5. Nestle India - 6.36%
Invest Now