Axis Equity Saver Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was introduced to investors on 14 Aug 2015. R Sivakumar, Anupam Tiwari is the Current Fund Manager of Axis Equity Saver Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹805 Cr and the Latest NAV as of 11 Dec 2019 is ₹14.06.
The Axis Equity Saver Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 5000. For units in excess of 10% of the investment, 1% will be charged for redemption within 12 months.
Investment Objective
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.
Tax Implications
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.
Scheme Information Document(SID)
₹5000
Min for First Investment
₹100
Min for Second Investment
For units in excess of 10% of the investment, 1% will be charged for redemption within 12 months
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