|Fund Type||Open Ended|
|Benchmark||S&P BSE 200 TRI|
|Asset Size(Cr)||17089.75 (As on Jan 31, 2019)|
|Fund Manager||Jinesh Gopani|
|Notes||Axis Tax Saver Fund has been renamed as Axis Long Term Equity Fund with effect from September 2, 2011|
|Min SIP Investment||500|
|Min Addl Investment||500|
|Period||Returns(%)||Benchmark Returns (%)|
- Returns for less than one year are Absolute, and those for more than one year are Annualised (CAGR).
- All the returns are calculated as against the performance of Nifty Free Float Midcap 100.
- The benchmark for the funds falling in small- and mid-cap category is Nifty Free Float Midcap 100.
|Sector||Value(In Cr)||Allocation (%)|
|Fund Name||Ratings||1 Yr Rtn.||3 Yr Rtn.||5 Yr Rtn.|
|Mirae Asset Tax Saver Fund (G)||1.07%||21.54%||%|
|HDFC Long Term Advantage Fund (G)||-1.71%||17.66%||15.49%|
|Motilal Oswal Long Term Equity Fund (G)||-9.9%||16.86%||%|
|DSP Tax Saver Fund (G)||-3.44%||15.14%||17.21%|
|IDFC Tax Advantage (ELSS) Fund (G)||-10.5%||15.06%||15.87%|
|Period||Returns (%)||BSE 200 (%)|
|No. of Investment||Amount Invested||Investment Value As on date||Units Purchased||CAGR|
| No. of Investment
|| Amount Invested
|| Investment Value As on date
|| Units Purchased || CAGR
The graph depicts the wealth generated or the historical returns offered by the SIP investments made in the selected time horizon.
|Total Amount Invested||Investment Value As on Date||Total Units Purchased||Abs. Return|
| Total Amount Invested
|| Investment Value As on Date
|| Total Units Purchased || Abs. Return
The graph depicts the wealth generated or the historical returns offered by the lump sum investments made in the selected time horizon.
|Sector||Value(In Cr)||Allocation (%)|
|Holdings||Instrument||Industry||Rating||Market Value||% to NAV|
|NestleIndiaLtd||Equity||CONSUMER NON DURABLES||-||1411.946||0.9164|
|V-GuardIndustriesLtd||Equity||INDUSTRIAL CAPITAL GOODS||-||1143.866||0.7424|
|AstraMicrowaveProductsLtd||Equity||TELECOM - EQUIPMENT & ACCESSORIES||-||641.143||0.4161|
|GodrejAgrovetLtdOrdinaryShares||Equity||CONSUMER NON DURABLES||-||491.677||0.3191|
|NationalBankForAgricultureandRuralDevelopment||Bond - Gov't Agency Debt||-||-||1049.785||0.6813|
|NuclearPowerCorporationOfIndiaLimited||Bond - Gov't Agency Debt||-||-||263.383||0.1709|
|PowerGridCorporationofIndiaLimited||Bond - Gov't Agency Debt||-||-||205.857||0.1336|
|MahindraMahindraFinancialServicesLimited||Bond - Corporate Bond||-||-||200.992||0.1304|
|IndiabullsHousingFinanceLimited||Bond - Corporate Bond||-||-||49.941||0.0324|
|LICHousingFinanceLimited||Bond - Corporate Bond||-||-||49.855||0.0324|
|BlueDartExpressLimited||Bond - Corporate Bond||-||-||3.079||0.002|
|BlueDartExpressLimited||Bond - Corporate Bond||-||-||2.336||0.0015|
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.
The scheme possesses the following main traits:
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.
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.
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.
Please fill the below form and an investment advisor
will get back to you within 24 hours.