3 Year return

11.81%
Launched on January 2013 (11 years)

Investment Details

₹500

Minimum SIP Amount

₹1

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 Reinvestment

The Axis Long Term Equity Fund Direct Plan IDCW Reinvestment is an equity mutual fund managed by Axis Mutual Fund. It is an ELSS (Equity Linked Savings Scheme) fund, which means that it offers tax benefits under Section 80C of the Income Tax Act. The fund will invest at least 80% of its assets in equity securities. The fund may also invest in other asset classes, such as debt securities and money market instruments, but these investments will be limited to 20% of the fund's assets.

Investment Objective of This Scheme

The investment objective of the Axis Long Term Equity Fund Direct Plan IDCW Reinvestment is to provide long-term capital appreciation by investing in a diversified portfolio of equity securities. It also acts as a tax-saving instrument for 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 Reinvestment is a good option for investors who are looking for long-term capital appreciation and who are willing to take on some risk. The fund is not suitable for investors who need regular income or who are not comfortable with the volatility of equity markets. This scheme is a medium- to high-risk investment, so you should only invest if you are comfortable with the possibility of losing some or all of your investment. This scheme is a long-term investment, so you should only invest if you are planning to hold the units for at least 3-5 years.

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.

Build Investment Discipline with SIPs

SIPs instill a habit of disciplined saving. By automating your investments, you ensure consistent contributions towards your financial goals. Plan your SIP investment strategy the SIP investment calculator. This tool helps you estimate returns and stay on track with your long-term investment plan.

FAQs

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

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 Reinvestment Jun 21 2024 is 55.669

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

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 Reinvestment is 34895.64 crore.

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

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 Reinvestment is 0.8%

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

The Axis ELSS Tax Saver Fund Direct Plan IDCW Reinvestment 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 Reinvestment?

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 Reinvestment is 500.

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

  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 Reinvestment?

  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 Reinvestment?

  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 Reinvestment?

  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.