Fund Details
Axis Children's Gift Fund Direct Compulsory Lock In Growth
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 1.30% |
| NAV | ₹18.06 (19 Jan 2021) |
|---|---|
| Fund Started | 08 Dec 2015 |
| Fund Size | ₹556 Cr |
Returns
Comparison
1. 1Y Returns are higher than the category average returns
2. 3Y Returns are higher than the category average returns
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Risk-adjusted returns are lower compared to the category
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Bajaj Finance Ltd. | Financial | Equity | 6.1% |
| HDFC Bank Ltd. | Financial | Equity | 5.7% |
| GOI | Sovereign | GOI Sec | 5.5% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 4.8% |
| Reliance Industries Ltd. | Energy | Equity | 4.7% |
| Tata Consultancy Services Ltd. | Technology | Equity | 4.3% |
| Infosys Ltd. | Technology | Equity | 4.2% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 3.8% |
| ICICI Bank Ltd. | Financial | Equity | 3.5% |
| Avenue Supermarts Ltd. | Services | Equity | 3.1% |
Fund Managers
Axis Children's Gift Fund Direct Compulsory Lock In Growth Details
Axis Children's Gift Fund Direct Compulsory Lock In Growth is a Solution Oriented Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was made available to investors on 08 Dec 2015. R Sivakumar, Ashish Naik is the Current Fund Manager of Axis Children's Gift Fund Direct Compulsory Lock In Growth fund.The fund currently has an Asset Under Management(AUM) of ₹556 Cr and the Latest NAV as of 19 Jan 2021 is ₹18.06.
The Axis Children's Gift Fund Direct Compulsory Lock In Growth is rated Moderately High risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000. Exit load of 3% if units are redeemed within 1 year, 2% if redeemed after 1 year but within 2 years and 1% if redeemed after 2 years but within 3 years.
Investment Objective
The scheme seeks to generate income by investing in debt & money market instruments along with long-term capital appreciation through investments in equity & equity related instruments.
Tax Implications
If average equity holding is >65%, returns are taxed at 15% (redeemed before one year) and 10% (After 1 year as per LTCG). If average equity holding is <65%, returns are taxed as per your Income Tax slab (redeemed before 3 years) and 20% with indexation benefit (post 3 years).
