Axis Asset Management Company Ltd.

Axis Long Term Equity Fund - Regular Plan - Growth

EquityTax Savings
  • Plan: Regular
  • |
  • Type: Open-Ended
  • |
  • Option: Growth
  • 1 yr return-12.3%
  • 3 yr return13.3%
  • 5 yr return11.4%
  • Expense Ratio1.61%
  • Lock-in Period-3 years
  • Exit Load0%
  • Fund Size (Cr)Rupees32654.1
  • NAVRupees67

Performance Graph

  • Show returns for: 1 yr 3 yrs 5 yrs
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Returns Calculator

  • Show returns for: SIP Lumpsum
  • Monthly SIP (Rupees)
  • Investment years: 1 3 5
  • Amount invested/month: Rupees-
  • Time Period: 1 years
  • Estimated Returns: Rupees0

Fund Video

Analysis

About Axis Long Term Equity Fund

Axis Long Term Equity Fund is an open-ended equity-linked saving scheme which comes with a lock-in period of 3 years.

Investment Objective

The investment objective of the scheme is to provide for income & long-term capital appreciation to the investors by making investments in a diversified portfolio of equity & equity-related securities across market capitalizations & sectors.

Benchmark

The Benchmark of the scheme is S&P BSE 200 Index.

Investment Details

ParticularsMinimum Amount
Minimum Application AmountRs.500 & in multiples of Rs.500 thereafter
Minimum Additional InvestmentRs.500 & in multiples of Rs.500 thereafter

SIP Details

TypeMinimum AmountMinimum Installments
MonthlyRs.500 & in multiples of Rs.500 thereafter6
YearlyRs.6,000 & in multiples of Rs.500 thereafter3

Loads

Entry Load: Nil

Exit Load: Nil

Suitability

Axis Long Term Equity Fund is suitable for investors with moderate to high-risk appetite looking to invest for a period of 5 years & above. This fund is recommended to investors for meeting their tax-saving needs.

Taxation:

As the fund predominantly invests in equity securities, Axis Long Term Equity Fund has the taxability of an equity mutual fund scheme. Following taxation is applicable:

  • If the units are sold after 1 year, then the gains on investments are treated as Long Term Capital Gains (LTCG). LTCG of up to Rs 1 lacs in a financial year is tax-free and above that, it is taxed at the rate of 10% without the benefit of indexation.
  • If the units are sold within 1 year, then the gains are treated as Short Term Capital Gains (STCG) and are taxed at the rate of 15%.

Being an ELSS Scheme, contributions to Axis Long Term Equity Fund are eligible for claiming tax deductions under Section 80C of the Income Tax Act,1961.

Axis Long Term Equity Fund’s Asset Allocation

Under normal conditions, the pattern of asset allocation is as follows:

AssetsMinimum indicative allocation (% of total assets)Maximum indicative allocation (% of total assets)Risk Profile
Equity & Equity related securities 80100High 
Debt & money market instruments020Low to Moderate

Who should invest in Axis Long Term Equity Fund?

ELSS funds are those equity mutual funds that invest in the equity & equity-related securities of companies across market capitalizations & different sectors. These funds provide an opportunity for investors to earn capital gains through its equity investments along with offering tax benefits.

Investments in Axis Long Term Equity Fund can be made by investors who want to invest for their tax-saving needs. The fund has a multi-cap portfolio that provides a diversified equity portfolio that can generate good returns over long periods.

Investors looking to invest in a tax-saving product with high risk/reward characteristics could consider ELSS funds. Otherwise, one could consider other tax saving schemes which offer fixed returns with relatively lower risks.

Though the fund has a lock-in of 3 years, we recommend investments for at least 5 years or more to earn potential good returns on the investments.

Eligibility 

The following people are eligible for investing in this scheme:

  • Indian Resident Adults (single holder or on a joint basis)
  • Hindu Undivided Family
  • Partnership entities
  • Limited Liability Partnership units
  • Minor through parent or a legal guardian
  • Sole Proprietor
  • Corporates, PSUs & others.
  • NRIs/POIs/OCIs
  • Banks & Financial Institutions
  • Religious & Charitable Trusts
  • Defense & paramilitary units
  • Foreign Portfolio Investors
  • Pension/Provident/Gratuity Funds
  • Trustee, AMCs or Sponsors
  • Other schemes of Axis or other mutual funds
  • Alternative Investment Funds
  • Others

How to invest in Axis Long Term Equity Fund?

You can invest in Axis Long Term Equity Fund through any AMFI distributor, AMC, banks, or third party platforms. If you need any help with your investments, you can reach out to our ZFunds Experts on Whatsapp - 7217746224.

Also Read:

Best ELSS Mutual Funds to Invest in India
Axis Bluechip Fund
Axis Multicap Fund Regular Plan
Axis Small Cap Fund Regular Plan
Axis Focused 25 Fund

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Investment Objective

The Investment Objective Of The Scheme Is To Generate Income And Long-Term Capital Appreciation From A Diversified Portfolio Of Predominantly Equity And Equity-Related Securities.

Tax Implications

Taxation on mutual fund explained : https://zfunds.in/article/taxes-on-mutual-funds

Top Holdings

  • Companies %
  • Bajaj Finance Limited 9.8
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  • Info Edge (India) Limited 5.7
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  • Pidilite Industries Limited 5.3
  • Housing Development Finance Corporation Limited 4.9
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  • Divi's Laboratories Limited 4.2
  • Sectors %
  • Finance24.6
  • Retailing15.5
  • Banks8.9
  • Internet and Technology8.1
  • Automobiles6.8

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