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Axis Long Term Equity Fund

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Equity: ELSS

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1 Lakh

Investment Grown to
₹ 1.47 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.82 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
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cal

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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 1.57 -2.61 -3.15 7.76 8.98 29.53 23.36 13.67 17.37 19.05 18.02
S&P BSE 500 TRI 6.05 -3.10 -2.00 7.93 14.21 30.70 34.31 11.12 17.54 15.55 12.49
Equity: ELSS 6.29 -2.74 -1.85 7.75 13.93 29.24 28.45 8.96 16.04 15.82 13.26
Rank within category 36 11 38 20 36 20 28 4 11 2 1
Number of funds in category 38 38 38 38 38 38 38 35 33 29 27

As on 26-Feb-2021

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 23.36 13.67 17.37 1.61 25,508
DSP Tax Saver Fund  | Invest Online
4 star
 Jan-07 31.42 11.91 18.43 1.85 7,332
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
 Dec-15 39.63 15.26 23.31 1.83 5,648
UTI Long Term Equity Fund  | Invest Online
4 star
 Dec-99 30.07 10.65 15.93 2.12 1,641
Kotak Tax Saver Regular Plan  | Invest Online
4 star
 Nov-05 26.77 12.19 17.41 2.21 1,540

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 31.81 24-Sep-2020 - 24-Dec-2020 -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 11.72 21.52 0.33 0.38 0.89 2.98
S&P BSE 500 TRI 9.24 22.86 0.20 0.24 -- --
Equity: ELSS 7.30 22.40 0.12 0.14 0.95 -1.73
Rank within category 4 8 4 4 6 4
Number of funds in category 35 35 35 35 35 35

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

As on 31-Jan-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 34
Top 10 Stocks (%) 63.43
Top 5 Stocks (%) 36.62
Top 3 Sectors (%) 59.93
Portfolio P/B Ratio 5.57
Portfolio P/E Ratio 42.74

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,46,980 1,10,550
Giant (%) 60.34 52.11
Large (%) 22.55 15.12
Mid (%) 12.83 24.30
Small (%) 4.28 8.62
Tiny (%) -- 0.47

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 Bajaj Finance Financial 78.50 9.71 4.65 8.76
down Tata Consultancy Services Technology 34.79 9.92 4.91 7.88
down HDFC Bank Financial 27.56 9.87 6.00 6.85
equal Avenue Supermarts Services 202.66 9.85 3.70 6.84
up Kotak Mahindra Bank Financial 37.95 9.19 6.29 6.29
down Info Edge (India) Services 51.63 6.54 2.09 6.12
down HDFC Financial 26.15 7.00 3.72 5.63
equal Nestle India FMCG 74.53 6.83 0.59 5.43
up Maruti Suzuki India Automobile 46.43 6.09 3.18 5.21
down Pidilite Industries Chemicals 87.13 7.51 3.69 4.42
equal Divi's Laboratories Healthcare 47.80 4.82 0.66 4.07
down Infosys Technology 28.69 3.92 0.00 3.51
equal Torrent Power Energy 29.63 4.36 2.69 3.15
down Dr. Reddy's Lab Healthcare 33.82 3.19 0.00 2.92
down Motherson Sumi Systems Automobile 132.83 3.76 0.00 2.62
down Bajaj Finserv Financial 41.68 2.78 0.00 2.17
down Cholamandalam Invest. & Fin. Financial 32.27 1.98 0.00 1.98
down Shree Cement Construction 47.27 2.11 0.00 1.88
equal TTK Prestige Cons Durable 62.82 3.90 1.51 1.59
equal Sundaram Finance Financial 26.87 2.82 1.36 1.58
equal Astral Poly Technik Chemicals 114.02 1.78 1.14 1.37
equal Endurance Technologies Automobile 46.13 1.68 0.65 1.27
up PI Industries Chemicals 49.47 2.29 0.00 1.20
equal Symphony Cons Durable 92.32 3.02 0.95 1.13
up Gland Pharma Healthcare 50.80 0.98 0.00 0.98

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 31-Jan-2021

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:

-2.61%

Change from previous, NAV as on 26-Feb-2021

Growth: ₹ 60.3020

Dividend: ₹ 23.2856

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
Lock-in Period 3 Years
Exit Load 0

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 29-Dec-2009
Return Since Launch: 17.45%
Benchmark: S&P BSE 200 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 25,508 Cr (As on 31-Jan-2021)
Expense: 1.61% (As on 31-Jan-2021)
Risk Grade: Low
Return Grade: Above Average
Turnover: 69.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend25-Feb-20212.2500

 27-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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