3 Year return
6.2%Investment Details
Calculate Returns
Based on past performance of this fund
Risk Involved
Your principal will be at
Very High Risk
Asset Under Management
₹36533.13 Cr.
Expense Ratio
0.77% (inclusive of GST)
Exit Load
Nil
Tax Implications
Withdrawal after 3 years:
12.5% tax on gains above ₹1.25 lakh per financial year
Fund Holdings
Axis Mutual Fund Managers
JG
Jinesh Gopani
Fund Manager since Jan 2020
Fund House Details
Axis Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
Funds
|
3 Y Returns
|
ARQ Rating
|
---|---|---|
SBI Long Term Equity Fund |
22.05% |
5 |
Quant ELSS Tax Saver Fund |
17.79% |
3.5 |
Bank of India ELSS Tax Saver |
17.01% |
3 |
Schemes by Axis Mutual Fund
List of mutual fund schemes by AMC
Hybrid . Aggressive Hybrid Fund
Axis Aggressive Hybrid Fund Direct Plan Monthly IDCW Payout
Hybrid . Aggressive Hybrid Fund
Axis Aggressive Hybrid Fund Direct Plan Monthly IDCW Reinvestment
Hybrid . Aggressive Hybrid Fund
Axis Aggressive Hybrid Fund Direct Plan Growth
Hybrid . Aggressive Hybrid Fund
Axis Aggressive Hybrid Fund Direct Plan Quarterly IDCW Payout
Hybrid . Aggressive Hybrid Fund
Axis Aggressive Hybrid Fund Direct Plan Quarterly IDCW Reinvestment
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 | 13.94% |
Expense Ratio | 0.77% |
Fund Manager | Jinesh Gopani |
Fund Size | ₹36533.13 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 |
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.
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FAQs
What is today's NAV of Axis ELSS Tax Saver Fund Direct Plan IDCW Reinvestment?
What is the AUM of Axis ELSS Tax Saver Fund Direct Plan IDCW Reinvestment?
What is the expense ratio of Axis ELSS Tax Saver Fund Direct Plan IDCW Reinvestment?
What are the returns of Axis ELSS Tax Saver Fund Direct Plan IDCW Reinvestment since inception?
What is the minimum SIP amount to invest in Axis ELSS Tax Saver Fund Direct Plan IDCW Reinvestment?
How do I invest in Axis ELSS Tax Saver Fund Direct Plan IDCW Reinvestment?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- 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.
- Proceed by clicking the pay button and choosing your mode of payment.
- 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?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in Axis ELSS Tax Saver Fund Direct Plan IDCW Reinvestment?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- 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?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.