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 introduced 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.The fund currently has an Asset Under Management(AUM) of ₹438 Cr and the Latest NAV as of 18 Oct 2019 is ₹14.89.
The Axis Children's Gift Fund Direct Compulsory Lock In Growth is rated Moderately High risk. Minimum SIP Investment is 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
To generate income by investing in debt & money market instruments along with long-term capital appreciation through investments in equity & equity related instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.
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).
Scheme Information Document(SID)
₹5000
Min for First Investment
₹100
Min for Second Investment
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.
Exit Load