|Min SIP Amount||₹1000|
|NAV||₹13.85 (06 Jul 2020)|
|Fund Started||14 Aug 2015|
|Fund Size||₹679 Cr|
|Reliance Industries Ltd.||Energy||Equity||7.1%|
|Housing Development Finance Corpn. Ltd.||Financial||Equity||6.9%|
|Tata Consultancy Services Ltd.||Technology||Equity||3.9%|
|Mahindra & Mahindra Ltd.||Automobile||Equity||3.9%|
|HDFC Bank Ltd.||Financial||Equity||3.8%|
|Bharti Airtel Ltd.||Communication||Equity||3.3%|
|Housing Development Finance Corpn. Ltd.||Financial||NCD||3.0%|
|Hindustan Unilever Ltd.||FMCG||Equity||2.9%|
Axis Equity Saver Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was made available to investors on 14 Aug 2015. R Sivakumar, Anupam Tiwari is the Current Fund Manager of Axis Equity Saver Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹679 Cr and the Latest NAV as of 06 Jul 2020 is ₹13.85.
The Axis Equity Saver Fund Direct Growth 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 investment objective of the scheme is to provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market 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.
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.