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Axis Long Term Equity Fund

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Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.57 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.31 Lakh

Analyst's Choice?

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 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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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 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 13.05 -0.75 9.50 13.25 16.23 11.60 --
S&P BSE 200 TRI 9.52 1.72 8.77 10.63 13.88 9.66 --
Equity: ELSS 7.31 1.02 7.98 8.28 11.07 8.55 --
Rank within category 7 37 7 7 2 3 --
Number of funds in category 35 38 37 35 34 29 26

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 14.59 (07-May-2014 - 06-Jun-2014) -14.06 (07-Sep-2018 - 08-Oct-2018)
Quarter 25.79 (04-Apr-2014 - 04-Jul-2014) -16.20 (10-Nov-2010 - 09-Feb-2011)
Year 86.83 (03-Sep-2013 - 03-Sep-2014) -14.99 (31-Dec-2010 - 02-Jan-2012)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 15.63 13.26 0.74 0.96 0.91 3.15
S&P BSE 200 TRI 13.76 12.78 0.63 1.00 -- --
Equity: ELSS 11.17 13.43 0.40 0.61 0.96 -1.64
Rank within category 2 19 2 2 10 2
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-Nov-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 33
Top 10 Stocks (%) 65.78
Top 5 Stocks (%) 37.47
Top 3 Sectors (%) 64.80
Portfolio P/B Ratio 5.63
Portfolio P/E Ratio 35.41

Portfolio Aggregates

Fund Benchmark Category
Average Mkt Cap (Rs Cr) 1,11,861 3,01,056 96,702
Giant (%) 57.61 64.44 52.39
Large (%) 17.46 20.06 15.16
Mid (%) 23.35 15.30 24.27
Small (%) 1.57 0.21 8.53
Tiny (%) -- -- 0.27

Value Research Fund Style

Sector Allocation vis-à-vis Benchmark

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up Bajaj Finance Financial 49.22 9.63 3.23 8.68
down Kotak Mahindra Bank Financial 39.61 9.19 6.59 8.05
down HDFC Bank Financial 29.44 9.87 6.96 7.92
equal Avenue Supermarts Services 98.36 6.94 0.00 6.44
equal Bandhan Bank Financial 29.68 6.62 0.00 6.38
equal Tata Consultancy Services Technology 24.64 9.92 0.00 6.35
up HDFC Financial 33.78 7.57 4.54 6.35
down Info Edge (India) Services 148.96 5.47 1.07 5.43
down Pidilite Industries Chemicals 62.36 7.51 3.56 5.13
up Maruti Suzuki India Automobile 35.46 6.76 3.18 5.05
equal Nestle India FMCG 74.23 4.27 0.59 4.20
up Torrent Power Energy 10.08 4.18 1.91 3.49
equal TTK Prestige Cons Durable 37.05 3.90 2.69 2.71
up ICICI Bank Financial 67.85 2.34 0.00 2.34
equal Sundaram Finance Financial 14.64 2.86 1.75 1.80
equal Symphony Cons Durable 60.10 3.02 1.39 1.76
equal Cummins India Engineering 23.18 3.08 0.00 1.69
equal Astral Poly Technik Chemicals 70.24 1.78 0.97 1.65
equal Wabco India Automobile 59.50 2.50 1.56 1.64
up Divi's Laboratories Healthcare 38.30 1.63 0.00 1.62
down Motherson Sumi Systems Automobile 29.46 5.54 1.18 1.47
equal Tech Mahindra Technology 16.88 3.89 0.00 1.10
equal Endurance Technologies Automobile 25.33 1.68 0.76 1.08
equal Multi Commodity Exchange India Financial 26.42 2.15 0.60 0.93
new Shree Cement Construction 56.60 0.87 0.00 0.87

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-Nov-2019

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:

Invest Online
0.87%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 48.4928

Dividend: ₹ 22.5719

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
Benchmark: S&P BSE 200 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 21,160 Cr (As on 30-Nov-2019)
Expense: 1.68% (As on 30-Nov-2019)
Risk Grade: Low
Return Grade: High
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend31-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

News & Analysis

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: www.axismf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

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time12:30 PM - 01:00 PM

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