Axis Long Term Equity Fund (G)

5
ELSS NAV 48.3019 -0.01 05 December, 2019
  • 11.01%
  • 6Y 8M

Axis Long Term Equity Fund Growth is for the investors who have an appetite for tolerating moderately high-risk with goals of wealth creation and saving tax. Keeping the diversified portfolio, Axis Long Term Equity Fund helps investors to save taxes under Section 80C of Income Tax Act, 1961. An open-ended equity scheme with 3 years statutory lock-in period, the fund invests in companies with sustainable growth and business models.

Fund Details

Category ELSS
Fund Type Open Ended
Investment Plan Growth
Launch Date 29 December, 2009
Benchmark S&P BSE 200 TRI
Asset Size(Cr) 21492.33 (As on Oct 31, 2019)
Min Investment ₹ 500
Min SIP Investment ₹ 500
Min Addl Investment ₹ 500
Exit Load
Expense Ratio 1.72% (As on Oct 31, 2019)
Fund Manager Jinesh Gopani

Investment Returns (As on 05 Dec, 2019)

  • 3 Month 10.85%
  • 6 Month 3.83%
  • 1 Year 14.82%
  • 3 Year 16.24%
  • 5 Year 11.01%
Graph
Returns Compare with Others
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Return Calculator

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Disclaimer: Above returns are calculated on the basis of historical NAV movement for the selected period. However, historical performance does not guarantee future returns. Investors must take investment decisions based on his/her own requirements.

Fund Review

Asset Allocation

  • Equity: 97.67%
  • Debt: 1.18%
  • Cash: 1.15%

Top Sector Allocation

  • Sector Allocation (%)
  • HDFCBankLtd8.1417
  • KotakMahindraBankLtd7.534
  • MarutiSuzukiIndiaLtd6.617
  • HousingDevelopmentFinanceCorpLtd6.4471
  • PidiliteIndustriesLtd5.5348
  • MothersonSumiSystemsLtd5.0958
  • BajajFinanceLtd4.7488
  • LarsenToubroLtd3.2991
  • AvenueSupermartsLtd3.2844
  • GRUHFinanceLtd3.1742

Peer Comparison

Fund Name 1 Yr Rtn. 3 Yr Rtn. 5 Yr Rtn.
Axis Long Term Equity Fund (G) 14.82% 16.24% 11.01%
Mirae Asset Tax Saver Fund (G) 14.88% 17.7% %
Aditya Birla Sun Life Tax Relief 96 (G) 5.95% 12.96% 9.98%
L&T Tax Advantage Fund (G) 4.41% 10.68% 8.48%
ICICI Prudential Long Term Equity Fund (G) 9.84% 10.52% 7.49%

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Axis Long Term Equity Fund Growth: Modernize Your Tax Saving Strategy

Axis Long Term Equity Fund G is an ELSS scheme which is chosen by a large number of investors to avail the tax benefits under section 80C of Income Tax Act 1961. It allows efficient tax planning by rewarding investors with outstanding capital gains. This is a top performing scheme in the category and has provided the highest gains to the investors in category several times. It is largely applauded due to the consistent gains it has provided right from the inception. The assets under management (AUM) is enormous and is rapidly increasing at a great pace. Within a short span of time after its inception, Axis Long Term Equity Fund has become a top choice for the tax saving investments in mutual funds. It has helped investors in attaining the aspired financial growth in the best possible manner. Let us take a glance at the overview of Axis Long Term Mutual Fund in order to fetch an idea about its track records and investment strategies.

Axis Long Term Mutual Fund scheme has been accomplishing the needs of different investors since its inception. It has helped them in attaining the aspired financial growth in the best possible manner. Let us take a glance at the overview of axis long term mutual fund plan in order to fetch an idea about its track records and reviews.

Axis Long Term Equity Fund Growth Investment Details

Axis Long Term Equity Fund G scheme is an ELSS funds programme, which is managed by Jinesh Gopani, one of the best fund managers of Axis Mutual Fund. Axis long term equity fund g is an open-ended strategy with a three-year lock-in period, its aims to generate capital appreciation in the long term horizon with a well-diversified portfolio. Furthermore, Axis Long Term Equity scheme growth predominantly makes investments in the equity and equity-related securities in order to provide accumulated wealth. Being a tax saving tool, Axis long term equity fund growth nav offers tax exemptions under the Income Tax Act and hence allows investors to gain extra income by saving their taxes.

It was launched in December 2009 by the name of Axis Tax Saver Fund and is renamed to Axis Long Term Equity fund with effect from September 2011. Its benchmark against which its performance is measured is named as, S&P BSE 200. In addition, one more feature of the same is that Axis long term equity fund Growth offers an SIP or lump sum plan. One can compute the returns on this plan before investing by availing the benefit of SIP Return Calculator. This scheme is among the best Mutual Funds in India, and among the must-have schemes for investor’s portfolio, with the axis long term equity growth nav amounting to Rs.33.65 as on October 10, 2016.

Axis Long Term Equity Fund G Portfolio Analysis

The stock selection and investment strategy of the fund manager Mr Surana have played a key role for the fund to achieve immense success. Despite having a gigantic AUM, the portfolio is focused over less number of stocks. By keeping a lower number of stocks, Axis Long Term Equity Fund has gained better returns as sometimes over-diversifying the portfolio restricts the returns of mutual funds. This strategy of keeping less number of stocks is only helpful when the selected stocks are all of better quality and have a better prospect of growth. Fortunately, most of the stocks present in the portfolio have done better and have allowed investors to gain enormous wealth.

The sectoral holding in the portfolio of Axis Long Term Mutual Fund depicts that the majority of the stocks are from the financial sector followed by

  1. automobile
  2. healthcare
  3. chemicals
  4. consumer durable etc.

Significant allocation have always been done in the mid-cap stocks of high growth potential. A residual proportion is also invested in fixed income securities. 

Axis Long Term Equity Fund Growth: Why to Invest?

The drastic tax implications at the end of every financial year can lead to financial breakdowns and imbalances. However, if proper planning is done well within time, Axis Long Term Equity Fund Growth can allow investors to reduce the taxable income by Rs 1,50,000 every financial year. This can eventually allow the investors to reduce the tax liability by Rs 46,800* every year. This tax deduction can be availed by any of the tax saving tool available under section 80C but what makes this plan special is the returns over investments. No other available tax saving tool has the ability to provide the returns that are provided by Axis Long Term Equity Fund. It also has the least lock-in period and the option of monthly investment through SIP mode puts a cherry on the cake. The fund allows convenient tax saving and can save you from the financial burden due to sudden tax implications.

Axis Long Term Equity Fund Growth Performance Review

Under every market trend after inception, this scheme has performed better than the benchmark and category average. Although the performance of Axis Long Term Equity Fund G scheme is yet to be tested under severe bearish market. Under the negative trends, Axis Long Term Equity Fund has prevented the NAV from depreciating by a large margin. The favourable market conditions have been well utilised by the fund manager Mr Neelesh Surana as the returns have been far better than the peers and indexes.

Axis Long Term Equity Fund Growth has allowed the long term investors to gain phenomenal returns and gather a large corpus upon tax saving investments. Apart from reducing the tax liability by up to Rs 46,800* every year, one can also expect capital gains of more than 15% from the scheme if the investment is done for 5 years or more. Those who want to calculate the capital gains in the long term can use the SIP calculator at MySIPonline while those who want to make an efficient plan to counter tax implications can use the tax calculator to know how much needs to be invested in ELSS mutual funds. 

Henceforth, with the best features as required, the Axis Long Term Equity Fund Growth nav plan shall help one in fetching the aspiring returns, and thus would help in achieving the set financial goals. You too can opt for the same and avail the dual benefits of saving taxes and earning higher profits in the long term duration by investing online in Axis Long Term Equity Fund G scheme. Look at list of best tax saving investment schemes in which  you can start your investment today.

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Meet Our Clients
I had Rs.100,000 cash in hand, which I wanted to invest in the best mutual fund scheme. Thanks to MySIPonline for advising me to put my money in the Axis Long Term Mutual Fund. I am earning maximum profits from the same and enjoying tax savings as well. Thanks a lot for your guidance and the best services.
Chinmay Goswami Jaipur, Rajasthan
Axis Long Term Equity Fund has simplified the tax planning for me. My taxes are getting reduced by making monthly investment and above that, I can also see my investment prosper. It is definitely the best tax saving tool and every taxpayer must utilise this opportunity.
Nishtha Bhattacharya Kolkata, West Bengal
I was unaware that mutual funds can help me in reducing my taxes. As soon as I realised I can save tax and earn wealth on the same investment, it took me no time to start monthly investment online in Axis Long Term Equity Fund Growth . I can see in my dashboard that the returns are increasing at a constant rate. I have been receiving better gains than I expected. Much recommended.
Tanmay Lucknow
Axis Long Term Equity Fund will always be my number one solution to tax saving problems. I invest Rs 12,500 every month in this scheme to reduce tax liability and to my surprise, it provided outstanding returns to me. I am much happy with my decision and suggested this scheme to all my friends and they thank me later.
NamrataPatna
Axis Long Term Equity Fund Growth is the best thing in India to save tax. It is so much convenient as I can invest every month and still reduce tax implication. The wealth gain it has provided me in the last 3 years is more than the tax that I pay. I cannot be more satisfied with any mutual fund scheme except this.
PiyushHyderabad
Thank you guys for assisting me in making the best choice of Axis Long Term Equity Fund Growth for SIP plans. Now I can fetch consistent returns in a systematic manner while investing a small amount regularly. It is all possible with the guidance and assistance I have attained from the experts of MySIPonline. They helped me out in making the right choice and invest in online SIPs.
KhayaliBangalore
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