Fund Details
Axis Children's Gift Fund Regular No Lock In IDCW
| Risk | Very High |
|---|---|
| Min SIP Amount | Not Supported |
| Expense Ratio | 2.44% |
| NAV | ₹17.19 (12 May 2021) |
|---|---|
| Fund Started | 08 Dec 2015 |
| Fund Size | ₹581 Cr |
Returns
Comparison
1. 1Y Returns are higher than the category average returns
2. 3Y Returns are higher than the category average returns
1. Higher expense ratio - 2.43931436%
2. 5Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Bajaj Finance Ltd. | Financial | Equity | 5.6% |
Fund Managers
Axis Children's Gift Fund Regular No Lock In IDCW Details
Axis Children's Gift Fund Regular No Lock In IDCW 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 No Lock In IDCW fund.The fund currently has an Asset Under Management(AUM) of ₹581 Cr and the Latest NAV as of 12 May 2021 is ₹17.19.
The Axis Children's Gift Fund Regular No Lock In IDCW is rated Very High risk. Minimum SIP Investment is set to 1000. 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).
