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4 star

Axis Long Term Equity Fund


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.22 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.04 Lakh

Suitability:

When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to 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 for 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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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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 -1.59 -1.12 1.68 4.99 8.06 18.07 1.01 6.99 9.32 17.47 14.14
S&P BSE 500 TRI -1.15 -1.20 -1.23 3.23 5.73 26.52 2.94 3.31 8.56 12.29 8.10
Equity: ELSS -1.69 -1.02 -0.87 2.87 6.19 23.20 1.79 1.52 7.21 13.08 8.83
Rank within category 18 30 1 3 8 35 19 3 5 2 1
Number of funds in category 38 38 38 38 38 38 38 34 30 29 27

As on 28-Oct-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
4 star
Dec-09 1.01 6.99 9.32 1.72 21,836
Aditya Birla Sun Life Tax Relief 96  | Invest Online
4 star
Mar-96 2.88 1.82 8.13 1.89 11,123
DSP Tax Saver Fund  | Invest Online
4 star
Jan-07 -0.78 2.36 9.10 1.86 6,178
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
Dec-15 9.40 6.89 -- 1.77 4,270
Tata India Tax Savings Fund  | Invest Online
4 star
Mar-96 -0.86 1.82 8.53 2.08 2,070

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 8.08 19.31 0.16 0.16 0.84 1.72
S&P BSE 500 TRI 6.61 21.81 0.07 0.08 -- --
Equity: ELSS 4.36 21.40 -0.03 -0.03 0.95 -2.17
Rank within category 6 3 5 5 3 5
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-Sep-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 34
Top 10 Stocks (%) 62.90
Top 5 Stocks (%) 36.47
Top 3 Sectors (%) 57.14
Portfolio P/B Ratio 5.02
Portfolio P/E Ratio 32.78

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,15,407 93,415
Giant (%) 58.59 50.27
Large (%) 21.75 15.96
Mid (%) 17.15 25.18
Small (%) 2.51 8.58
Tiny (%) -- 0.14

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
up Bajaj Finance Financial 45.52 9.63 4.31 8.40
up Tata Consultancy Services Technology 32.14 9.92 2.16 8.19
down HDFC Bank Financial 22.16 9.87 6.00 6.87
up Info Edge (India) Services -- 6.54 1.57 6.54
up Nestle India FMCG 79.54 6.83 0.59 6.47
down Kotak Mahindra Bank Financial 34.29 9.19 6.30 6.30
down Maruti Suzuki India Automobile 53.32 6.67 3.18 5.90
up Avenue Supermarts Services 160.83 9.85 3.28 5.27
equal Pidilite Industries Chemicals 94.36 7.51 3.69 4.55
down Divi's Laboratories Healthcare 52.31 4.82 0.00 4.41
up Torrent Power Energy 11.52 4.36 2.69 3.74
down HDFC Financial 15.95 7.00 3.72 3.72
up Infosys Technology 25.45 3.64 0.00 3.64
up Dr. Reddy's Lab Healthcare 51.62 3.19 0.00 3.19
equal Motherson Sumi Systems Automobile -- 5.16 0.00 2.50
down Bajaj Finserv Financial 25.65 2.78 0.00 2.17
up TTK Prestige Cons Durable 51.90 3.90 1.72 1.92
up Shree Cement Construction 52.14 2.11 0.00 1.88
up Astral Poly Technik Chemicals 76.25 1.78 1.08 1.70
equal Sundaram Finance Financial 18.61 2.82 1.36 1.42
equal Cholamandalam Invest. & Fin. Financial 17.03 1.37 0.00 1.37
down Multi Commodity Exchange India Financial 36.74 1.76 0.60 1.34
up Symphony Cons Durable 39.67 3.02 1.12 1.25
equal Endurance Technologies Automobile 37.96 1.68 0.65 1.23
new PI Industries Chemicals 54.82 2.29 0.00 0.95

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-Sep-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:


-1.12%

Change from previous, NAV as on 28-Oct-2020

Growth: ₹ 48.4751

Dividend: ₹ 20.5274


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: 15.68%
Benchmark: S&P BSE 200 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 21,836 Cr (As on 30-Sep-2020)
Expense: 1.72% (As on 30-Sep-2020)
Risk Grade: Low
Return Grade: Above Average
Turnover: 80.00%

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

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