Fund Details
Axis Children's Gift Fund Regular Compulsory Lock In Growth
| Risk | Very High |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 2.46% |
| NAV | ₹18.74 (23 Jul 2021) |
|---|---|
| Fund Started | 08 Dec 2015 |
| Fund Size | ₹622 Cr |
Returns
Comparison
1. 3Y Returns are higher than the category average returns
2. 5Y Returns are higher than the category average returns
1. Higher expense ratio - 2.46%
2. 1Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Infosys Ltd. | Technology | Equity | 6.1% |
| Bajaj Finance Ltd. | Financial | Equity | 5.7% |
| HDFC Bank Ltd. | Financial | Equity | 5.5% |
| Tata Consultancy Services Ltd. | Technology | Equity | 4.6% |
| ICICI Bank Ltd. | Financial | Equity | 4.4% |
| Avenue Supermarts Ltd. | Services | Equity | 3.9% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 3.6% |
| Reliance Industries Ltd. | Energy | Equity | 3.6% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 3.5% |
| GOI | Sovereign | GOI Sec | 3.4% |
Fund Managers
Axis Children's Gift Fund Regular Compulsory Lock In Growth Details
Axis Children's Gift Fund Regular 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 Regular Compulsory Lock In Growth fund.The fund currently has an Asset Under Management(AUM) of ₹622 Cr and the Latest NAV as of 23 Jul 2021 is ₹18.74.
The Axis Children's Gift Fund Regular Compulsory Lock In Growth is rated Very 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).
