Axis Long Term Equity Fund is an open-ended Equity-linked saving scheme with a statutory locking period of 3Yrs and Allowed as Tax Deductions under Section 80C of Income Tax Act 1961. The objective of the scheme is to Create a Capital Appreciation and Generate Income over the long term.
Axis Long Term Equity Fund Looks at the opportunity across the market cap and balanced portfolio between its large and mid-cap allocations. The fund is focused on long term earnings with quality stock selections. Current Portfolio Consist of 95% in Equities of which are 65% in large-cap, 17% in Mid Cap, and 6% in small-cap, rest are allocated to other assets. Being a 5 Star Rated Fund by Crisil Rank, this fund has consistently beaten its category funds and benchmark.
- Minimum Investment
Minimum Investment Amount is Rs 500/- For SIP And Lumpsum.
- Risk Level
Fund Being a Multi-cap Fund, Riskometer is pointed to Moderately High Risk, Fund is Suitable for the investors who have a long term Investment Horizon.
- Inception / Launch date
This Fund is more than 10yr old, launch on 29-Dec-2009. and has given the return of 418% since inception ( 10000 invested on inception will be Rs 51800/- today, investment amount has grown 4 times in 10yrs).
- Fund Manager
This Fund is managed by Mr. Jignesh Gopani. he has the experience of over 18yrs in Financial markets. he has been managing this scheme since 1st April 2011.
As the scheme is ELSS fund comes with a lockin period of 3yrs, Redemption is only allowed after 3yrs.
- Entry / Exit load
This Fund does not have any Exit or Entry Load.
- Expense Ratio
As on 31st Jan 2020 Fund has declared The Expenses Ratio of 1.62% (category average Expense Ratio 2.1%)
Tax benefits of Axis Long Term Equity Fund
Being an ELSS Fund, one can claim the deduction under section 80C of Income Tax Act 1961 tax can be saved up to Rs 46800/- if taxed under a higher slab rate. this fund has a lock-in period of 3yrs, which is lowest among all other tax saving investment options. Longterm Gain on redemption is exempt up to Rs 1,00,000/- above 1,00,000/- will be taxed @ 10%.
This article is not sponsored by any Assets Management Company, we have written this article based on our in-depth research about the fund and Assets management company.
Investors are advised to consult their financial advisers whether the product is suitable for them before investing.
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