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4 star

Axis Long Term Equity Fund - Direct Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.55 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.15 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 12.02 0.28 1.07 8.89 5.95 16.35 56.64 15.81 17.66 18.04 --
S&P BSE 500 TRI 18.60 -0.05 0.70 8.96 8.06 21.93 67.71 14.74 16.42 13.68 --
Equity: ELSS 18.34 0.01 0.77 8.49 7.64 21.76 64.30 13.91 15.88 14.77 --
Rank within category 35 3 9 12 29 32 29 8 11 2 --
Number of funds in category 38 38 38 38 38 38 38 35 33 29 1

As on 14-Jun-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 - Direct Plan
4 star
Jan-13 56.64 15.81 17.66 0.78 29,575
DSP Tax Saver Fund - Direct Plan  | Invest Online
4 star
Jan-13 70.53 18.01 18.24 0.86 8,747
Mirae Asset Tax Saver Fund - Direct Plan  | Invest Online
5 star
Dec-15 76.87 21.21 23.26 0.48 7,940
Canara Robeco Equity Tax Saver Fund - Direct Plan  | Invest Online
5 star
Jan-13 70.11 20.46 19.30 1.03 2,227
Kotak Tax Saver - Direct Plan  | Invest Online
4 star
Jan-13 64.54 17.52 17.76 0.86 1,988

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 9.42 19-Sep-2019 - 26-Sep-2019 -17.91 16-Mar-2020 - 23-Mar-2020
Month 15.89 23-Mar-2020 - 22-Apr-2020 -32.87 20-Feb-2020 - 23-Mar-2020
Quarter 32.09 24-Sep-2020 - 24-Dec-2020 -29.63 23-Dec-2019 - 23-Mar-2020
Year 89.19 03-Sep-2013 - 03-Sep-2014 -18.31 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 15.99 21.42 0.55 0.61 0.89 1.43
S&P BSE 500 TRI 15.83 22.84 0.50 0.59 -- --
Equity: ELSS 14.81 22.45 0.47 0.52 0.96 -0.53
Rank within category 12 7 10 11 5 8
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-May-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 30
Top 10 Stocks (%) 62.20
Top 5 Stocks (%) 36.37
Top 3 Sectors (%) 60.20
Portfolio P/B Ratio 6.33
Portfolio P/E Ratio 42.91

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,58,387 1,22,008
Giant (%) 57.74 51.48
Large (%) 26.87 15.74
Mid (%) 13.79 24.34
Small (%) 1.60 8.63
Tiny (%) -- 0.30

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 84.86 9.71 4.99 9.03
up Tata Consultancy Services Technology 37.49 9.92 5.58 7.71
equal Avenue Supermarts Services 198.48 9.85 3.70 7.05
equal Kotak Mahindra Bank Financial 35.28 9.19 6.29 6.70
down Info Edge (India) Services 50.83 6.99 2.09 5.88
down HDFC Bank Financial 25.88 9.87 5.70 5.70
up Nestle India FMCG 78.66 6.83 0.70 5.36
equal HDFC Financial 24.55 6.60 3.72 5.22
equal Divi's Laboratories Healthcare 58.29 4.97 0.87 4.90
equal Pidilite Industries Chemicals 95.88 7.51 3.69 4.65
down Maruti Suzuki India Automobile 49.49 6.09 3.18 4.17
equal Motherson Sumi Systems Automobile 75.17 4.15 0.00 4.15
equal Torrent Power Energy 17.23 4.36 2.69 3.96
up Bajaj Finserv Financial 42.82 3.14 0.00 3.14
up Shree Cement Construction 44.86 3.09 0.00 3.01
down Cholamandalam Investment & Finance Company Financial 31.04 2.78 0.00 2.55
equal Sundaram Finance Financial 24.51 2.69 1.36 2.12
up PI Industries Chemicals 58.05 2.07 0.00 2.07
down Infosys Technology 32.41 3.92 0.00 2.01
equal Gland Pharma Healthcare 51.90 1.67 0.00 1.67
equal Astral Chemicals 96.93 1.78 1.14 1.67
equal Wipro Technology 28.47 1.53 0.00 1.53
up TTK Prestige Cons Durable 52.31 3.90 1.27 1.51
equal Endurance Technologies Automobile 42.85 1.64 0.65 1.18
equal Symphony Cons Durable 70.66 2.38 0.95 1.03

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-May-2021

Fund Manager

— Jinesh Gopani since 01-Jan-2013

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:


0.28%

Change from previous, NAV as on 14-Jun-2021

Growth: ₹ 72.4523

IDCW: ₹ 48.8420


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: 01-Jan-2013
Return Since Launch: 20.46%
Benchmark: S&P BSE 200 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 29,575 Cr (As on 31-May-2021)
Expense: 0.78% (As on 30-Apr-2021)
Risk Grade: Below Average
Return Grade: Above Average
Turnover: 63.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW25-Feb-20212.9500

 27-Jan-20203.0104
 31-Jan-20191.3281
 22-Mar-20181.5000

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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