Axis ELSS Tax Saver Fund - Regular Plan - IDCW

ELSS NAV 24.5234 0 07 December, 2023

Fund Details

Category ELSS
Fund Type Open Ended
Investment Plan Dividend
Launch Date 29 December, 2009
Benchmark NIFTY 500 TRI
Asset Size(Cr) 31886.8468
ISIN No. INF846K01149
Turn over 17%
Min Investment ₹ 500
Min SIP Investment ₹ 1000
Min Addl Investment ₹ 500
Exit Load Nil
Expense Ratio 1.55
Fund Manager Shreyash Devalkar, Ashish Naik
Fund House Axis Mutual Fund

Investment Returns (As on 07 Dec, 2023)

Duration Returns Benchmark Category
1 W -1.47% 1.58% 1.68%
1 M -0.59% 4.02% 3.64%
3 M 0.75% 1.44% 1.64%
6 M 14.72% 0.35% -0.87%
1 Y 9.41% 7.25% 5.63%
2 Y 1.86% 12.49% 11.19%
3 Y 14.92% 23.79% 23.4%
5 Y 12.84% 12.46% 9.95%

Risk Mesasures (As on 07 Dec, 2023)

Std Dev Sharpe Beta Alpha
Fund 12.48 1.11 -5.57 1.07
Benchmark 0 0 0 0
Returns Compare with Others
  • 1Y
  • 3Y
  • 5Y

Portfolio (As on 30 Oct, 2023)

Assets Allocation

Sector Holdings

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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.

Peer Comparison

Fund Name 1 Yr Rtn. 3 Yr Rtn. 5 Yr Rtn.
Axis ELSS Tax Saver Fund - Regular Plan - IDCW 9.41% 14.92% 12.84%
ICICI Prudential ELSS Tax Saver Fund (Tax Saving) - Growth 13.77% 22.57% 14.68%
Mirae Asset Tax Saver Fund-Regular Plan-Growth 16.1% 21.49% 17.75%
Axis ELSS Tax Saver Fund - Regular Plan - Growth 9.41% 14.92% 12.84%
ADITYA BIRLA SUN LIFE ELSS TAX SAVER FUND - Growth Option 10.11% 11.45% 8.84%

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Axis Long Term Equity Fund Dividend: A Plan to Create Wealth

Launched in 2009, Axis Long Term Equity Fund is an open-ended dividend investment plan designed by the proficient fund managers of Axis Mutual Fund. By offering the SIP and lump sum option for investing, Axis Long Term Dividend Plan provides an opportunity to make a better choice in investments as per the preferences and requirements. Axis Long Term Equity Dividend Plan falls under the ELSS (Equity Linked Saving Scheme) category and thus offers the dual benefits of wealth creation and tax saving.

The investors have varied investment goals which they desire to accomplish through investing their funds in the most profitable scheme. The Axis Long-Term Equity Fund (D) is suitable for those investors who are seeking capital appreciation over long term and want to invest their money in a diversified portfolio consisting equity and related instruments. By parking the hard-earned money in this strategy, the investors would gain tax exemption under Section 80C of Income Tax Act. Here we have provided a brief synopsis of this plan to help you take an informed decision of investing your money in the same.

Axis Long Term Equity Fund: Investment Details

The scheme possesses the following main traits:

  • It is an open-ended equity linked savings scheme with a lock-in period of three years, which is one of the lowest lock-in periods amongst other tax-saving plans.
  • It provides tax benefits under section 80C of the Income Tax Act, 1961, up to Rs. 1,50,000
  • It is best suited for an investment horizon of at least three to five years or even more.
  • The lock-in creates a situation in which both investor’s and the fund manager’s interest are aligned in looking at long-term opportunities and ignoring short-term discrepancies.

The investment philosophy of the scheme is highly effective as it looks at such companies which inculcate the proficiency of growing profits sustainably and generate wealth over three to four years. Accordingly, the fund managers overlook short-term volatility of the stock price as well as the temporary fluctuations in company’s earnings while taking the decision of choosing the avenue for investment. Furthermore, the fund manager of this Axis Long Term Mutual Fund works completely as per the bottom-up approach wherein he/she judges the individual stocks independent of the market movements or directions. Henceforth, the investors are allowed to create tremendous value for until now.

Axis Long Term Equity Fund Dividend: Performance Records

The scheme is ranked third in the ELSS category by CRISIL for the quarter which ended in September 2016. The SIP returns of this plan can be measured using the SIP planner that will generate the accurate values of the invested capital after a certain period of time. The absolute annual returns offered by the scheme reached up to 54.6 percent in the year 2014 and have been favourable since inception. The annualised returns for three and five year investment period are 20.8 and 22.3 percent.

The last dividend declared by this scheme on Jan 25, 2016 was Rs.2.2500 per unit. Moreover, the NAV of Axis Long-Term Equity Plan amounted to Rs.19.8784 as on December 30, 2016. It has been recommended to the investors to put the money in this scheme in order to enhance their wealth for the future.

Axis Long Term Mutual Fund D: Portfolio Analysis

The asset size of Rs. 10,487 crore as on November 30, 2016, has been invested in a well-diversified manner by the fund manager of this plan. The equity investment in this scheme is around 98.09 percent, while the remaining 1.86 percent has been invested in the debt instruments. The average market capitalisation of the mutual fund plan amounts to Rs.47,195.47 as per the latest data available. This shows a remarkable market possession of the scheme in the mutual fund industry.

Furthermore, the asset allocation in diversified sectors can be depicted from the graph which shows allocation of the funds primarily in the financial, automobile, healthcare, chemicals, and consumable goods. The top holdings of the scheme are Kotak Mahindra Bank, HDFC Bank, Sun Pharmaceuticals Inds., Maruti Suzuki India, HDFC, and Motherson Sumi Systems.

Accordingly, one can assure that this scheme has performed tremendously in the past and has a strongly designed portfolio. We recommend our investors to invest in this plan in order to gain the dual benefits of tax savings and wealth creation.

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