|Min SIP Amount||₹1000|
|NAV||₹11.68 (29 Oct 2020)|
|Fund Started||07 Aug 2017|
|Fund Size||₹1,419 Cr|
|Reliance Industries Ltd.||Energy||Equity||9.1%|
|ICICI Bank Ltd.||Financial||Equity||7.1%|
|HDFC Bank Ltd.||Financial||Equity||5.2%|
|Housing Development Finance Corpn. Ltd.||Financial||Equity||4.6%|
|Bharti Airtel Ltd.||Communication||Equity||4.3%|
|Tata Consultancy Services Ltd.||Technology||Equity||3.8%|
|Bajaj Finance Ltd.||Financial||Equity||2.9%|
|Maruti Suzuki India Ltd.||Automobile||Equity||2.8%|
|Hindustan Unilever Ltd.||FMCG||Equity||2.5%|
Axis Dynamic Equity Fund Direct Dividend is a Hybrid Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was made available to investors on 07 Aug 2017. R Sivakumar, Ashwin Patni, Anupam Tiwari is the Current Fund Manager of Axis Dynamic Equity Fund Direct Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹1,419 Cr and the Latest NAV as of 29 Oct 2020 is ₹11.68.
The Axis Dynamic Equity Fund Direct Dividend is rated Moderately High risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000. For units in excess of 10% of the investment,1% will be charged for redemption within 12 months
The scheme seeks to generate capital appreciation by investing in a portfolio of equity or equity linked securities while the secondary objective is to generate income through investments in debt and money market instruments.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.