3 Year return

9.6%
Launched on January 2013 (11 years)

Investment Details

₹500

Minimum SIP Amount

₹500

Minimum one time investment

Fund has 3 years period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹36373.17 Cr.

Expense Ratio

0.79% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
2

Ratings by other agencies

2
1
3

Tax Implications

Withdrawal after 3 years:

12.5% tax on gains above ₹1.25 lakh per financial year

Fund Holdings

Holdings

Axis Mutual Fund Managers

JG

Jinesh Gopani

Fund Manager since Jan 2020

View Details

Fund House Details

Axis Mutual Fund

Axis Mutual Fund Asset management company

AUM ₹313,387.24 Cr.
No. of Schemes 262
Setup Date January 2009

Peer Comparison

Comparison with other similar funds

Schemes by Axis Mutual Fund

List of mutual fund schemes by AMC

Axis Long Term Equity Fund Direct Plan Growth

Axis Long Term Equity Fund Direct Plan-Growth is an Equity-Linked Savings Scheme (ELSS) provided by Axis Mutual Fund. It stands as a competitive investment vehicle that combines the potential for high returns and the advantage of tax savings, making it an attractive option for investors. The fund's performance in delivering consistent returns may fluctuate based on the market conditions. The fund strategically invests in a diversified portfolio of companies that showcase robust track records and possess strong earnings potential.

Investment Objective of the Scheme

The primary goal of the Axis Long Term Equity Fund Direct Plan-Growth is to generate steady, long-term capital growth. This is achieved by investing predominantly in a diverse array of equity and equity-related securities. The focus is on companies with sustainable business models and strong growth prospects, thus offering investors a balanced mix of high-potential holdings.

Key Features of The Fund

5-year return 15.88%
Expense Ratio 0.79%
Fund Manager Jinesh Gopani
Fund Size ₹36373.17 Cr
Risk Profile Very High

Is This Scheme Right for Me?

The Axis Long Term Equity Fund Direct Plan-Growth may appeal to those who seek higher return expectations and tax-saving benefits and are comfortable with a minimum investment horizon of three years. This scheme involves a degree of risk, and investors must be ready to accept the possibility of moderate risk due to market fluctuations. A mandatory lock-in period of three years also applies, making this scheme less suited to those looking for liquidity or quick returns.

AMC Contact Details

Name Axis Mutual Fund
Launch Date January 2009
Addresss Axis House, First Floor, C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai - 400025
Contact 8108622211
Email customerservice@axismf.com
Website https://www.axismf.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Achieve Financial Freedom with SIP

Consider using SIPs to achieve your financial goals like retirement planning or a child's education. SIPs inculcate a habit of regular saving and benefit from the power of compounding. Estimate how much you need to invest monthly to reach your target corpus using Angel One's SIP calculator. This free tool helps you plan your SIP investment strategy for various financial goals.

FAQs

What is today's NAV of Axis ELSS Tax Saver Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Axis ELSS Tax Saver Fund Dec 12 2024 is 108.5429

What is the AUM of Axis ELSS Tax Saver Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Axis ELSS Tax Saver Fund is 36373.17 crore.

What is the expense ratio of Axis ELSS Tax Saver Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Axis ELSS Tax Saver Fund is 0.79%

What are the returns of Axis ELSS Tax Saver Fund since inception?

The Axis ELSS Tax Saver Fund was launched on Jan 01 2013. The fund has delivered a CAGR of 18.06 since inception.

What is the minimum SIP amount to invest in Axis ELSS Tax Saver Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Axis ELSS Tax Saver Fund is 500.

How do I invest in Axis ELSS Tax Saver Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Axis ELSS Tax Saver Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Axis ELSS Tax Saver Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Axis ELSS Tax Saver Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.