What is the return on Axis Long Term Equity Fund?
Axis Long Term Equity Fund Returns
| 1-Year | 3-Year | 5-Year |
|---|---|---|
| 50.06% | 24.71% | 20.02% |
Is it good to invest in Axis Long Term Equity Fund?
Axis Long Term Equity Fund (Growth) is a good choice within tax saving mutual funds. Scripbox recommends other funds for investment in tax saving. Tax saving funds provides inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years).
What is the NAV for Axis Long Term Equity Fund direct growth?
Axis Long Term Equity Direct Plan-Growth is a Tax Saver mutual fund scheme from Axis Mutual Fund. This scheme was launched on 31 Dec 2012 and is currently managed by its fund manager Jinesh Gopani. It has an AUM of ₹34,370.78 Crores and the latest NAV decalared is ₹84.467 as on 09 Nov 2021 at 4:00 pm.
Is Axis Long Term Equity Direct Plan-growth?
1. The Current Net Asset Value of the Axis Long Term Equity Fund – Direct Plan as of 09 Nov 2021 is Rs 84.4667 for Growth option of its Direct plan. The expense ratio of the fund is 1.44% for Direct plan as on Sep 30, 2021. …
How do I redeem Axis Long Term Equity Fund Growth?
To do it physically, you need to fill in a transaction slip, which you can download from the fund house website or detach from the end of your account statement. The redemption application can be submitted at any of the fund house official points of acceptance of transactions, across the country.
Is ELSS tax free?
An ELSS or equity-linked savings scheme is a tax-saving investment option under Section 80C of the Income Tax Act, 1961. These gains of up to Rs 1 lakh a year are made tax-free, and any gains above this limit attract a long-term capital gains tax at 10%.
Are ELSS funds high risk?
ELSS carries a moderately high risk ELSS, being an equity oriented scheme, has a minimum of 80 per cent exposure to equity and equity related instruments. This also means that it contains a moderately high risk bearing scheme that has your investment money exposed to the vagaries of the market.
Can I redeem ELSS before 3 years?
Can ELSS be Withdrawn Within 3 years? The simple answer to this question is No. ELSS investments do not provide the option to withdraw the investment amount before the end of the 3-year lock-in period. In ELSS, investors are given fund units against their invested amount.
Which ELSS fund is best?
The table below shows the top-performing ELSS mutual funds based on the past five year returns:
| Mutual fund | 5 Yr. Returns | 3 Yr. Returns |
|---|---|---|
| Canara Robeco Equity Tax Saver Fund | 19.7% | 26.33% |
| JM Tax Gain Fund – Direct Plan – Growth | 19.56% | 25.69% |
| DSP Tax Saver Fund – Direct Plan – Growth | 18.34% | 25.63% |
| Mirae Asset Tax Saver Fund | 21.25% | 25.48% |
Which Axis mutual fund is best?
Top 10 Axis Mutual Funds
| Fund Name | Category | 1Y Returns |
|---|---|---|
| Axis Bluechip Fund | Equity | 42.8% |
| Axis Long Term Equity Fund | Equity | 50.9% |
| Axis Midcap Fund | Equity | 63.5% |
| Axis Focused 25 Fund | Equity | 51.1% |
When can I redeem my Axis Long Term Equity Fund?
This means that you cannot redeem your ELSS mutual fund units for a minimum period of three years. Having a lock in might actually benefit investors as their investment now has the opportunity to grow.
How is axis long term equity fund performance?
Axis Long Term Equity Fund-Growth returns of last 1-year are 61.91%. Since launch, it has delivered 18.86% average annual returns. The fund has doubled the money invested in it every 2 yrs.
Who is the manager of Axis long term direct plan growth?
Axis Long Term Equity Direct Plan Growth is a Equity Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was made available to investors on 03 Sep 2009. Jinesh Gopani is the Current Fund Manager of Axis Long Term Equity Direct Plan Growth fund.
What’s the expense ratio of Axis long term equity direct plan?
The fund has an expense ratio of 0.79%, which is less than what most other ELSS funds charge. Axis Long Term Equity Direct Plan-Growth returns of last 1-year are 60.40%.
What are the advantages of a long term mutual fund?
Being an ELSS scheme, the scheme comes with dual advantages of building wealth and saving tax. The long term mutual fund has a 3-year lock-in which is one of the lowest amongst other tax saving instruments. Asset Class benefit: Equity as an asset class holds potential to beat inflation and generate long term wealth. Target Goals:…