“How can I save tax?” This is a question we get to hear from almost all investors. In this video we discuss the Axis Long Term Equity Fund from Axis Mutual Funds. The fund falls in the ELSS category of equity funds. Investment in such funds is deductible from income under section 80C while calculation of income tax.
The Axis Long Term Equity Fund has no restriction in terms of market cap or sectors. Such funds work like flexicap funds. However, investments in tax saving funds come with a lock-in of 3 years. The NAV of the Axis Long Term Equity Fund as on 11th March 2022 was Rs. 66.4439.