Axis Long Term Equity Fund Overview

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Axis Long Term Equity Fund is an open-ended ELSS fund. Axis Long Term Equity Fund is an ELSS (Equity Linked Savings Scheme) scheme. The launch date of Axis Long Term Equity fund is 29th December 2009. This fund is managed by Mr. Jinesh Gopani.

Axis Long Term Equity Fund is one of the most popular ELSS funds. By investing in ELSS you can save tax up to Rs.1.5 lakh under section 80C which comes with a lock in period of three years. The last three years and five years return of Axis Long Term Equity fund is 15.33% and 18.10%. Axis Long Term Equity fund has given a return of 17.36% since launch. As it is an ELSS fund it invests in equity so the returns are also high. The AUM of Axis Long Term Equity fund is Rs.17,426cr. (as on 28th Feb 2019). The expense ratio of this fund is 1.88% (as on 28th Feb 2019). You can invest in both Axis Long Term Equity fund Growth and Axis Long Term Equity fund Dividend. But invest in Axis Long Term Equity fund Growth for more profit. This is one of the best mutual funds for tax saving. Mutual Funds in India are getting popularity day by day ELSS funds like this making it more popular than ever. The minimum investment for Axis Long Term Equity fund is Rs. 500. There is no exit load on Axis Long Term Equity fund. Axis Long Term Equity fund has invested 97.58% investment in Indian stocks of which 67.91% is in large cap stocks, 26.93% is in mid cap stocks and 2.74% in small cap stocks. Investors who are looking for capital appreciation also tax saving at the same time Axis Long Term Equity fund is best for them. But investor also should be ready for moderate losses.

Top 10 holdings of Axis Long Term Equity fund (09/04/2019)

S.No. Name of Holding Net Assets (%)
1 Tata Consultancy Services Limited 8.77
2 HDFC Bank Limited 7.95
3 Kotak Mahindra Bank Limited 7.74
4 Bajaj Finance Limited 7.71
5 Pidilite Industries Limited 7.45
6 Maruti Suzuki India Limited 5.37
7 Avenue Supermarts Limited 5.09
8 Housing Development Finance Corporation Limited 4.96
9 Torrent Power Limited 4.18
10 Info Edge (India) Limited 3.92

Top 5 sectors of Axis Long Term Equity fund(09/04/2019)

S.No. Name of Holding Net Assets (%)
1 Bank – Private 18.83
2 Finance – NBFC 10.39
3 IT – Software 8.77
4 Finance – Housing 8.46
5 Chemicals 7.45

Axis Long Term Equity Fund

  • Fund Manager- Mr. Jinesh Gopani.
  • Expense Ratio- 1.88% (28th February 2019)
  • Launch Date- 29th December 2009
  • Benchmark- S&P BSE 200 TRI
  • Risk- Moderately High
  • AUM Size- Rs.17,426cr. (as on 28th Feb 2019)
  • Return Since Launch- 17.36%

Performance

  1-Year 3-Year 5-Year 10-Year
Fund 5.13 15.33 18.10
S&P BSE 200 TRI 9.07 16.90 14.09
Category 1.01 14.32 14.95
Rank within Category 7 13 3
Number of funds in category 36 34 29

As on Apr 09, 2019

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