AXIS Long Term Equity Fund

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

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.