3 Year return

11.81%
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

₹34895.64 Cr.

Expense Ratio

0.8% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
2

Ratings by other agencies

2
1
3

Tax Implications

Withdrawal within 1 year

Not applicable as these investments cannot be sold before the 3 year lock-in period

Withdrawal after 1 year

10% tax on gains over ₹1 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 ₹275,166.00 Cr.
No. of Schemes 248
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Axis Mutual Fund

List of mutual fund schemes by AMC

About Axis Long Term Equity Fund Direct Plan IDCW Payout

The Axis Long Term Equity Fund Direct Plan IDCW Payout is an equity fund managed by Axis Mutual Fund. The fund invests in a diversified portfolio of large-cap and mid-cap companies in India. It is an open-ended fund, which means that you can buy and sell units of the fund at any time. Since it’s an IDCW Payout scheme, the fund will give you a regular income in addition to the wealth generated from capital appreciation.

Investment Objectives of the Scheme

The investment objective of the Axis Long Term Equity Fund Direct Plan IDCW Payout is to generate long-term capital appreciation by investing in large-cap and mid-cap companies in India. To complement the long-term timeline of the investment, the fund also provides regular payouts of dividends to its investors.

Key Features of The Fund

5-year return 15.62%
Expense Ratio 0.8%
Fund Manager Jinesh Gopani
Fund Size ₹34895.64 Cr
Risk Profile Very High

Is This Scheme Right for Me?

The Axis Long Term Equity Fund Direct Plan IDCW Payout is suitable for investors who are looking for growth potential and who are willing to take on some risk. The fund also has a payout option, which means that you will receive regular payouts of income from the fund. This makes it a good option for investors who want to generate income from their investments.

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.

Reach Your Goals Faster with SIP

Many investors choose Systematic Investment Plans (SIPs) to invest in mutual funds. SIPs allow for disciplined investing by setting up a fixed amount to be invested regularly. This approach helps average out the cost per unit over time and reduces the impact of market volatility. To plan your SIP investment and estimate potential returns, try Angel One's free SIP investment calculator.

FAQs

What is today's NAV of Axis ELSS Tax Saver Fund Direct Plan IDCW Payout?

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 Direct Plan IDCW Payout Jun 21 2024 is 55.669

What is the AUM of Axis ELSS Tax Saver Fund Direct Plan IDCW Payout?

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 Direct Plan IDCW Payout is 34895.64 crore.

What is the expense ratio of Axis ELSS Tax Saver Fund Direct Plan IDCW Payout?

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 Direct Plan IDCW Payout is 0.8%

What are the returns of Axis ELSS Tax Saver Fund Direct Plan IDCW Payout since inception?

The Axis ELSS Tax Saver Fund Direct Plan IDCW Payout was launched on Jan 01 2013. The fund has delivered a CAGR of 17.97 since inception.

What is the minimum SIP amount to invest in Axis ELSS Tax Saver Fund Direct Plan IDCW Payout?

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 Direct Plan IDCW Payout is 500.

How do I invest in Axis ELSS Tax Saver Fund Direct Plan IDCW Payout?

  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 Direct Plan IDCW Payout?

  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 Direct Plan IDCW Payout?

  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 Direct Plan IDCW Payout?

  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.