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5 star

Axis Long Term Equity Fund


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.16 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.70 Lakh

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. In addition, you get tax exemption on the invested amount under Section 80C of the Indian income tax laws. As per this section, total investments of upto Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.

But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.

Like all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -11.58 -1.57 -3.56 2.37 9.97 -12.99 -3.07 5.15 6.93 15.87 14.15
S&P BSE 500 TRI -11.23 -1.58 -1.67 6.30 18.53 -13.06 -6.56 1.55 5.78 10.80 8.17
Equity: ELSS -11.44 -1.25 -1.52 5.37 14.94 -13.12 -7.02 -0.35 4.38 11.64 8.88
Rank within category 19 31 38 37 37 19 10 2 2 2 1
Number of funds in category 38 38 38 38 38 38 36 34 30 28 27

As on 14-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Long Term Equity Fund  | Invest Online
5 star
Dec-09 -3.07 5.15 6.93 1.73 20,292
Aditya Birla Sun Life Tax Relief 96  | Invest Online
4 star
Mar-96 -1.37 1.87 6.39 1.93 10,101
DSP Tax Saver Fund  | Invest Online
4 star
Jan-07 -4.91 1.52 6.86 1.87 5,789
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
4 star
Dec-15 -2.89 4.44 -- 1.80 3,538
Tata India Tax Savings Fund  | Invest Online
4 star
Mar-96 -9.60 0.14 6.46 2.13 1,855

Best & Worst Performance

Best (Period) Worst (Period)
Week 9.40 (19-Sep-2019 - 26-Sep-2019) -17.92 (16-Mar-2020 - 23-Mar-2020)
Month 15.82 (23-Mar-2020 - 22-Apr-2020) -32.92 (20-Feb-2020 - 23-Mar-2020)
Quarter 25.79 (04-Apr-2014 - 04-Jul-2014) -29.76 (23-Dec-2019 - 23-Mar-2020)
Year 86.83 (03-Sep-2013 - 03-Sep-2014) -19.01 (22-Mar-2019 - 23-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.60 19.37 0.12 0.12 0.85 3.16
S&P BSE 500 TRI 4.28 21.61 -0.05 -0.05 -- --
Equity: ELSS 2.32 21.15 -0.14 -0.15 0.95 -2.02
Rank within category 1 3 1 1 3 1
Number of funds in category 34 34 34 34 34 34

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 37
Top 10 Stocks (%) 60.39
Top 5 Stocks (%) 35.00
Top 3 Sectors (%) 56.15
Portfolio P/B Ratio 4.69
Portfolio P/E Ratio 29.92

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,03,536 89,760
Giant (%) 60.10 52.59
Large (%) 13.63 15.43
Mid (%) 22.81 23.93
Small (%) 3.47 8.24
Tiny (%) -- 0.13

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down Avenue Supermarts Services 138.64 9.85 2.61 7.41
up HDFC Bank Financial 21.51 9.87 6.00 7.39
down Bajaj Finance Financial 37.38 9.63 4.31 6.89
down Kotak Mahindra Bank Financial 30.03 9.19 6.59 6.88
down Tata Consultancy Services Technology 26.44 9.92 0.97 6.43
down Nestle India FMCG 80.28 6.53 0.59 5.76
up Maruti Suzuki India Automobile 30.87 6.76 3.18 5.63
down Info Edge (India) Services -- 6.17 1.20 5.31
down HDFC Financial 14.63 7.57 4.47 4.47
up Torrent Power Energy 13.33 4.36 1.91 4.22
up Divi's Laboratories Healthcare 43.05 4.16 0.00 4.16
down Pidilite Industries Chemicals 63.07 7.51 3.82 3.82
equal Bharti Airtel Communication -- 2.91 0.00 2.78
up Motherson Sumi Systems Automobile 25.68 5.16 0.00 2.22
up Shree Cement Construction 51.65 2.11 0.00 2.11
up TTK Prestige Cons Durable 41.36 3.90 1.72 1.88
equal Wabco India Automobile 82.67 2.50 1.56 1.88
up Sundaram Finance Financial 17.31 2.82 1.40 1.60
new Bajaj Finserv Financial 30.09 1.51 0.00 1.51
up Astral Poly Technik Chemicals 55.56 1.78 0.97 1.49
equal Multi Commodity Exchange India Financial 28.12 1.52 0.60 1.39
up Dr. Reddy's Lab Healthcare 32.60 1.34 0.00 1.34
down Symphony Cons Durable 33.64 3.02 1.28 1.28
new Cholamandalam Invest. & Fin. Financial 15.94 0.96 0.00 0.96
up Endurance Technologies Automobile 22.26 1.68 0.65 0.93

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Jun-2020

Fund Manager

— Jinesh Gopani since 01-Apr-2011

Education: Mr. Gopani is a B. Com (H) and MMS from Bharati Vidyapeeth Institute of Management Studies and Research.

Experience: Prior to joining Axis AMC he has worked with Birla Sun Life AMC, Voyager India Capital Pvt. Ltd., Emkay Shares & Stock Brokers Limited and Net worth Stock Broking Limited.

Interviews:

Funds Managed:


-1.57%

Change from previous, NAV as on 14-Jul-2020

Growth: ₹ 43.5570

Dividend: ₹ 18.4447


Investment Strategy

The scheme aims to generate regular long term capital growth from a diversified portfolio of equity and equity related securities. The Scheme Will invest in companies with strong growth & a sustainable business model.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 29-Dec-2009
Return Since Launch: 14.97%
Benchmark: S&P BSE 200 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 20,292 Cr (As on 30-Jun-2020)
Expense: 1.73% (As on 30-Jun-2020)
Risk Grade: Low
Return Grade: High
Turnover: 75.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend27-Jan-20201.8594

 31-Jan-20192.0364
 22-Mar-20182.5000
 31-Jan-20172.2300
 25-Jan-20162.2500
 22-Jan-20152.0000
 06-Jan-20141.0000
 07-Aug-20120.8000
 31-Aug-20101.0000

Contact Information

AMC: Axis Asset Management Company Ltd.

Address: "Axis House" - 1st Floor, C-2 - Wadia International Centre, Pandurang Budhkar Marg , Worli, Mumbai - 400025

Phone: 022-24255161

Fax: 022-43255199

Email: [email protected] / [email protected]

Website: http://www.axismf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Value Investing

Evaluating Covid-affected financials of India Inc

dateFriday, 17-Jul-2020
time12:30 PM - 01:00 PM