Axis Long Term Fund (G) is a tax saving fund which also serves the purpose of capital appreciation with savings. As every ELSS scheme has a lock-in period of 3 years, same goes for this fund. The returns of it in the long-term are high hence it also serves as a saving option for a long-term with the investment locked in. The ELSS funds can reduce the taxable income up to Rs 1.5 lakh if that amount is invested in any ELSS scheme. Axis Mutual Fund has provided several innovative and beneficiary schemes. It is a fast-growing AMC which has satisfied the financial needs of thousands of investors.
Axis Long Term Equity Fund (G)
This ELSS fund has been opted by many investors as tax saving option available under section 80C. It has reached an AUM of Rs 17,546 crore as on 31st May, due to its consistent performance. 2018. The Axis Long Term Mutual Fund has generated an annualised return of 23.5% return in 5 years, 17.5% return in 2 years, and 17.1% return in last 1 year. Axis Long Term Equity Fund Growth has performed dramatically well in recent years and has generated much better returns compared to other schemes of its category.
Fund Manager
The Axis Long Term Equity Fund G is managed by Mr Jinesh Gopani, and he has been managing the scheme since April 2011. He is a B.Com (H) and MMS from Bharati Vidyapeeth Institute. He is the senior fund manager at Axis Mutual Fund and has previously worked with Aditya Birla Sun Life AMC, Voyager India Capital Pvt. Ltd., Emkay Shares & Stock Brokers Limited, and Net worth Stock Broking Limited. Apart from this he also manages Axis Focused 25 Fund (G).
Portfolio Distribution
The 100% equity oriented corpus is slightly oriented towards equity instruments of large-cap companies. In recent years 60-80% of the corpus has been allocated to large-cap companies. Rest of the corpus is allocated to mid-cap companies, and a very small amount of 0-5% is invested in small-cap companies to grab the maximum returns. The banking and finance sector holds a majority of the corpus of the scheme. More than 35% of the corpus is invested in the companies of the finance sector. Rest of the corpus is distributed across companies of various sectors.
It is an ELSS fund, hence it charges no exit load as the lock-in period is of 3 years. It is an optimum tax-saving option which can even generate wealth apart from reducing the tax liability; some investors also use this scheme to create a long-term wealth with a disciplined investment of 3 years or more. Axis Mutual Fund charges 1.77% of the corpus as expense ratio for this scheme. The NAV of Axis Long Term Equity Fund G is Rs 43 as of 30th June 2018.
Connect with the official website of MySIPonline to invest in this fund today and grab the tax benefit along with growing wealth. The fund is suitable for a majority of investors who have tax saving and wealth appreciation as their primary objective behind the investment. At MySIPonline investors are guided throughout the investment process and are provided with valuable advice regarding mutual fund investment.
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