How to Invest in Axis Long Term Equity Direct Plan IDCW?

You can easily invest in Axis Long Term Equity Direct Plan IDCW in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for Axis Long Term Equity Direct Plan IDCW from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in Axis Long Term Equity Direct Plan IDCW as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Axis Long Term Equity Direct Plan IDCW provide?

The Axis Long Term Equity Direct Plan IDCW has been there from 01 Jan 2013 and the average annual returns provided by this fund is 6.07% since its inception.

How much expense ratio is charged by Axis Long Term Equity Direct Plan IDCW?

The term Expense Ratio used for Axis Long Term Equity Direct Plan IDCW or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of Axis Long Term Equity Direct Plan IDCW is 0.78% as of 24 Sep 2023...

What is the AUM of Axis Long Term Equity Direct Plan IDCW?

The AUM, short for Assets Under Management of Axis Long Term Equity Direct Plan IDCW is ₹31,411.08Cr as of 24 Sep 2023.

How to Redeem Axis Long Term Equity Direct Plan IDCW?

If you want to sell your Axis Long Term Equity Direct Plan IDCW holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Axis Long Term Equity Direct Plan IDCW?

You can select either SIP or Lumpsum investment of Axis Long Term Equity Direct Plan IDCW based on your investment objective and risk tolerance.

What is the NAV of Axis Long Term Equity Direct Plan IDCW?

The NAV of Axis Long Term Equity Direct Plan IDCW is ₹48.05 as of 22 Sep 2023.

What is the PE and PB ratio of Axis Long Term Equity Direct Plan IDCW?

The PE ratio ratio of Axis Long Term Equity Direct Plan IDCW is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

Axis Long Term Equity Direct Plan IDCW - NAV, Mutual Fund Performance & Portfolio

Axis Long Term Equity Direct Plan IDCW
Equity
ELSS
Very High Risk
Payout
3Y Lock In
17.40%
3Y annualised
-0.40% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 22 Sep 2023₹48.05
Min. SIP amount₹500
Rating1
Fund size₹31,411.08Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Equity ELSS
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns6.1%17.4%11.5%16.9%
Category average14.8%23.7%13.8%NA
Rank with in category333227NA
Understand terms
Holdings (35)NameSectorInstrumentAssets
Bajaj Finance Ltd.
FinancialEquity8.5%
Avenue Supermarts Ltd.
ServicesEquity8.0%
Tata Consultancy Services Ltd.
TechnologyEquity7.1%
Nestle India Ltd.
Consumer StaplesEquity6.2%
Info Edge (India) Ltd.
ServicesEquity5.4%
Torrent Power Ltd.
EnergyEquity4.8%
Pidilite Industries Ltd.
ChemicalsEquity4.8%
HDFC Bank Ltd.
FinancialEquity4.5%
Divi's Laboratories Ltd.
HealthcareEquity4.4%
Cholamandalam Investment and Finance Company Ltd.
FinancialEquity4.3%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
Category: Equity ELSS
Pros
Cons
Exit load is zero
Consistently lower annualised returns than category average for the past 1Y, 3Y and 5Y
Lower expense ratio: 0.78%
Lock-in period: 3Y
10Y annualised returns higher than category average by 1.86%
Low rating: 1
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
31 Aug 2023 - Present
0.78%
31 Jul 2023 - 31 Aug 2023
0.77%
30 Jun 2023 - 31 Jul 2023
0.76%
31 May 2023 - 30 Jun 2023
0.81%
30 Apr 2023 - 31 May 2023
0.84%
31 Mar 2023 - 30 Apr 2023
0.85%
28 Feb 2023 - 31 Mar 2023
0.85%
31 Jan 2023 - 28 Feb 2023
0.79%
31 Dec 2022 - 31 Jan 2023
0.78%
30 Nov 2022 - 31 Dec 2022
0.79%
30 Nov 2022 - 30 Nov 2022
0.79%
31 Oct 2022 - 30 Nov 2022
0.77%
31 Oct 2022 - 31 Oct 2022
0.77%
31 Oct 2022 - 31 Oct 2022
0.77%
30 Sep 2022 - 31 Oct 2022
0.77%
30 Sep 2022 - 30 Sep 2022
0.77%
30 Sep 2022 - 30 Sep 2022
0.77%
31 Aug 2022 - 30 Sep 2022
0.78%
31 Aug 2022 - 31 Aug 2022
0.78%
31 Jul 2022 - 31 Aug 2022
0.78%
31 Jul 2022 - 31 Jul 2022
0.78%
30 Jun 2022 - 31 Jul 2022
0.80%
30 Jun 2022 - 30 Jun 2022
0.80%
31 May 2022 - 30 Jun 2022
0.77%
31 May 2022 - 31 May 2022
0.77%
30 Apr 2022 - 31 May 2022
0.77%
30 Apr 2022 - 30 Apr 2022
0.77%
31 Mar 2022 - 30 Apr 2022
0.77%
31 Mar 2022 - 31 Mar 2022
0.77%
28 Feb 2022 - 31 Mar 2022
0.77%
28 Feb 2022 - 28 Feb 2022
0.77%
31 Jan 2022 - 28 Feb 2022
0.75%
31 Dec 2021 - 31 Jan 2022
0.76%
30 Nov 2021 - 31 Dec 2021
0.74%
31 Oct 2021 - 30 Nov 2021
0.74%
30 Sep 2021 - 31 Oct 2021
0.74%
31 Aug 2021 - 30 Sep 2021
0.77%
31 Jul 2021 - 31 Aug 2021
0.79%
30 Jun 2021 - 31 Jul 2021
0.79%
31 May 2021 - 30 Jun 2021
0.80%
30 Apr 2021 - 31 May 2021
0.78%
31 Mar 2021 - 30 Apr 2021
0.72%
28 Feb 2021 - 31 Mar 2021
0.72%
31 Jan 2021 - 28 Feb 2021
0.72%
31 Dec 2020 - 31 Jan 2021
0.73%
30 Nov 2020 - 31 Dec 2020
0.74%
31 Oct 2020 - 30 Nov 2020
0.88%
30 Sep 2020 - 31 Oct 2020
0.89%
31 Aug 2020 - 30 Sep 2020
0.89%
31 Jul 2020 - 31 Aug 2020
0.90%
30 Jun 2020 - 31 Jul 2020
0.92%
31 May 2020 - 30 Jun 2020
0.93%
30 Apr 2020 - 31 May 2020
0.93%
31 Mar 2020 - 30 Apr 2020
0.93%
29 Feb 2020 - 31 Mar 2020
0.91%
31 Jan 2020 - 29 Feb 2020
0.91%
31 Dec 2019 - 31 Jan 2020
0.92%
30 Nov 2019 - 31 Dec 2019
0.92%
31 Oct 2019 - 30 Nov 2019
0.92%
30 Sep 2019 - 31 Oct 2019
0.92%
31 Aug 2019 - 30 Sep 2019
0.93%
31 Jul 2019 - 31 Aug 2019
0.93%
30 Jun 2019 - 31 Jul 2019
0.93%
31 May 2019 - 30 Jun 2019
0.93%
30 Apr 2019 - 31 May 2019
0.66%
31 Mar 2019 - 30 Apr 2019
0.84%
28 Feb 2019 - 31 Mar 2019
0.95%
31 Jan 2019 - 28 Feb 2019
0.95%
31 Dec 2018 - 31 Jan 2019
0.95%
30 Nov 2018 - 31 Dec 2018
0.95%
31 Oct 2018 - 30 Nov 2018
0.95%
30 Sep 2018 - 31 Oct 2018
1.24%
31 Aug 2018 - 30 Sep 2018
1.24%
31 Jul 2018 - 31 Aug 2018
1.24%
30 Jun 2018 - 31 Jul 2018
1.24%
31 May 2018 - 30 Jun 2018
1.07%
30 Apr 2018 - 31 May 2018
1.07%
31 Mar 2018 - 30 Apr 2018
1.07%
28 Feb 2018 - 31 Mar 2018
1.08%
31 Jan 2018 - 28 Feb 2018
1.27%
31 Dec 2017 - 31 Jan 2018
1.27%
30 Nov 2017 - 31 Dec 2017
1.27%
31 Oct 2017 - 30 Nov 2017
1.97%
Expense ratio, exit load and taxExpense ratio: 0.78%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns 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. 
Understand terms
Check past data
Minimum investment amountsMin. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹500
Fund managementShreyash Devalkar
Aug 2023 - Present
View details
Education
Mr. Devalkar is a B.Tech from UDCT Mumbai and PGDM (Management) from JBIMS Mumbai University
Experience
Prior to joining Axis Mutual Fund he has worked with BNP Paribas Mutual Fund as a Fund Manager, IDFC Capital, JP Morgan Services India and Calyon Bank.
Also manages these schemes
Axis Bluechip Fund Growth
Axis Bluechip Fund IDCW
Axis Long Term Equity Fund IDCW
Axis Long Term Equity Fund Growth
Axis Midcap Fund Growth
Axis Midcap Fund IDCW
Axis Focused 25 Fund IDCW
Axis Focused 25 Fund Growth
Axis Bluechip Fund Direct Plan Growth
Axis Bluechip Fund Direct Plan IDCW
Axis Focused 25 Direct Plan IDCW
Axis Focused 25 Direct Plan Growth
Axis Long Term Equity Direct Plan IDCW
Axis Long Term Equity Direct Plan Growth
Axis Midcap Direct Plan IDCW
Axis Midcap Direct Plan Growth
Axis Small Cap Fund Regular Growth
Axis Small Cap Fund Direct IDCW
Axis Small Cap Fund Regular IDCW
Axis Small Cap Fund Direct Growth
Axis Equity Advantage Fund Series 1 Direct Growth
Axis Equity Advantage Fund Series 1 Regular Growth
Axis Equity Advantage Fund Series 2 Regular Growth
Axis Flexi Cap Fund Direct Growth
Axis Flexi Cap Fund Direct IDCW
Axis Flexi Cap Fund Regular Growth
Axis Flexi Cap Fund Regular IDCW
Axis Growth Opportunities Fund Direct IDCW
Axis Growth Opportunities Fund Direct Growth
Axis Growth Opportunities Fund Regular IDCW
Axis Growth Opportunities Fund Regular Growth
Axis ESG Equity Fund Direct Growth
Axis ESG Equity Fund Regular Growth
Axis ESG Equity Fund Regular IDCW
Axis ESG Equity Fund Direct IDCW
Axis NIFTY IT ETF Growth
Axis NIFTY Healthcare ETF Growth
Axis Nifty 50 Index Fund Regular Growth
Axis Nifty 50 Index Fund Regular IDCW
Axis Nifty 50 Index Fund Direct Growth
Axis Nifty 50 Index Fund Direct IDCW
Axis Multicap Fund Regular Growth
Axis Multicap Fund Direct Growth
Axis Multicap Fund Direct IDCW
Axis Nifty Next 50 Index Fund Direct Growth
Axis Nifty Next 50 Index Fund Regular Growth
Axis Equity ETFs FoF Regular Growth
Axis Equity ETFs FoF Regular IDCW
Axis Equity ETFs FoF Direct IDCW
Axis Equity ETFs FoF Direct Growth
Axis Nifty Smallcap 50 Index Fund Direct Growth
Ashish Naik
Aug 2023 - Present
View details
Education
Mr. Naik is a B.E from Mumbai University and MBA from XLRI, Jamshedpur.
Experience
Prior to joining Axis Mutual Fund he was associated with organizations such as Goldman Sachs and has over 7 years of experience as an Equity Analyst.
Also manages these schemes
Axis Bluechip Fund Growth
Axis Bluechip Fund IDCW
Axis Long Term Equity Fund IDCW
Axis Long Term Equity Fund Growth
Axis Regular Saver Fund Growth
Axis Regular Saver Fund IDCW Quarterly
Axis Regular Saver Fund IDCW Half Yearly
Axis Regular Saver Fund IDCW Yearly
Axis Multi Asset Allocation Fund Growth
Axis Multi Asset Allocation Fund IDCW
Axis Capital Protection Oriented Fund Series 5 Growth
Axis Capital Protection Oriented Fund Series 5 IDCW
Axis Bluechip Fund Direct Plan Growth
Axis Bluechip Fund Direct Plan IDCW
Axis Regular Saver Fund Direct IDCW Yearly
Axis Regular Saver Fund Direct IDCW Half Yearly
Axis Regular Saver Fund Direct IDCW Quarterly
Axis Regular Saver Fund Direct Growth
Axis Long Term Equity Direct Plan IDCW
Axis Long Term Equity Direct Plan Growth
Axis Multi Asset Allocation Direct Plan IDCW
Axis Multi Asset Allocation Direct Plan Growth
Axis Hybrid Fund Series 5 Regular Growth
Axis Hybrid Fund Series 5 Direct Growth
Axis Hybrid Fund Series 5 Regular IDCW
Axis Hybrid Fund Series 6 Regular Growth
Axis Hybrid Fund Series 6 Direct Growth
Axis Hybrid Fund Series 7 Regular Growth
Axis Arbitrage Fund Regular Growth
Axis Arbitrage Fund Direct Growth
Axis Arbitrage Fund Direct IDCW
Axis Arbitrage Fund Regular IDCW
Axis Hybrid Fund Series 26 Regular IDCW
Axis Hybrid Fund Series 26 Regular Growth
Axis Hybrid Fund Series 27 Regular Growth
Axis Hybrid Fund Series 28 Regular Growth
Axis Hybrid Fund Series 28 Regular IDCW
Axis Children's Gift Fund Regular Compulsory Lock In Growth
Axis Children's Gift Fund Regular Compulsory Lock In IDCW
Axis Children's Gift Fund Regular No Lock In IDCW
Axis Children's Gift Fund Direct Compulsory Lock In Growth
Axis Children's Gift Fund Direct No Lock In IDCW
Axis Children's Gift Fund Direct No Lock In Growth
Axis Children's Gift Fund Direct Compulsory Lock In IDCW
Axis Children's Gift Fund Regular No Lock In Growth
Axis Hybrid Fund Series 29 Regular Growth
Axis Hybrid Fund Series 29 Regular IDCW
Axis Hybrid Fund Series 30 Regular Growth
Axis Hybrid Fund Series 30 Direct Growth
Axis Hybrid Fund Series 30 Regular IDCW
Axis Hybrid Fund Series 31 Regular IDCW
Axis Hybrid Fund Series 31 Regular Growth
Axis Hybrid Fund Series 32 Direct IDCW
Axis Hybrid Fund Series 32 Direct Growth
Axis Hybrid Fund Series 32 Regular IDCW
Axis Hybrid Fund Series 32 Regular Growth
Axis Hybrid Fund Series 33 Regular IDCW
Axis Hybrid Fund Series 33 Regular Growth
Axis Hybrid Fund Series 35 Regular Growth
Axis Hybrid Fund Series 35 Regular IDCW
Axis Nifty 50 ETF Growth
Axis Balanced Advantage Fund Direct Growth
Axis Balanced Advantage Fund Direct IDCW
Axis Balanced Advantage Fund Regular Growth
Axis Balanced Advantage Fund Regular IDCW
Axis Capital Builder Fund Series 1 (1540 Days) Regular Growth
Axis Capital Builder Fund Series 1 (1540 Days) Direct Growth
Axis Capital Builder Fund Series 1 (1540 Days) Regular IDCW
Axis Equity Hybrid Fund Regular Growth
Axis Equity Hybrid Fund Direct Growth
Axis Equity Hybrid Fund Direct IDCW
Axis Equity Hybrid Fund Regular IDCW
Axis Equity Hybrid Fund Direct IDCW Monthly
Axis Equity Hybrid Fund Direct IDCW Quarterly
Axis Equity Hybrid Fund Regular IDCW Monthly
Axis Equity Hybrid Fund Regular IDCW Quarterly
Axis Nifty 100 Index Fund Regular Growth
Axis Nifty 100 Index Fund Direct Growth
Axis Nifty 100 Index Fund Regular IDCW
Axis Nifty 100 Index Fund Direct IDCW
Axis NIFTY Bank ETF Growth
Axis Special Situations Fund Regular Growth
Axis Special Situations Fund Direct IDCW
Axis Special Situations Fund Regular IDCW
Axis Special Situations Fund Direct Growth
Axis Quant Fund Regular Growth
Axis Quant Fund Direct Growth
Axis Quant Fund Direct IDCW
Axis Quant Fund Regular IDCW
Axis NIFTY India Consumption ETF Growth
Fund house & investment objective
Axis Mutual Fund
Rank (total assets)#7 in India
Total AUM₹2,59,965.97Cr
Date of Incorporation04 Sep 2009
 Axis Long Term Equity Direct Plan IDCW is a Equity Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was made available to investors on 04 Sep 2009. Jinesh Gopani is the Current Fund Manager of Axis Long Term Equity Direct Plan IDCW fund. The fund currently has an Asset Under Management(AUM) of ₹2,59,966 Cr and the Latest NAV as of 22 Sep 2023 is ₹48.05.
The Axis Long Term Equity Direct Plan IDCW is rated Very High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹500.
;
Investment ObjectiveThe scheme aims to generate regular long term capital growth from a diversified portfolio of equity and equity related securities. The Scheme Will invest in companies with strong growth & a sustainable business model.
;
Fund benchmarkNIFTY 500 Total Return Index
Scheme Information Document(SID)
Fund house contact details
Address
"Axis House" - 1st Floor,C-2 - Wadia International Centre,Pandurang Budhkar Marg , Worli, Mumbai 400025
Phone
022-24255161
Launch Date
04 Sep 2009
E-mail
NA
Website
www.axismf.com
Axis Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]
Website
www.karvymfs.com
Compare funds
Axis Long Term Equity Direct Plan IDCW
VS
Add mutual fund to compare

	1Y	3Y	5Y	All
Fund returns	6.1%	17.4%	11.5%	16.9%
Category average	14.8%	23.7%	13.8%	NA
Rank with in category	33	32	27	NA

Name	Sector	Instrument	Assets
Bajaj Finance Ltd.	Financial	Equity	8.5%
Avenue Supermarts Ltd.	Services	Equity	8.0%
Tata Consultancy Services Ltd.	Technology	Equity	7.1%
Nestle India Ltd.	Consumer Staples	Equity	6.2%
Info Edge (India) Ltd.	Services	Equity	5.4%
Torrent Power Ltd.	Energy	Equity	4.8%
Pidilite Industries Ltd.	Chemicals	Equity	4.8%
HDFC Bank Ltd.	Financial	Equity	4.5%
Divi's Laboratories Ltd.	Healthcare	Equity	4.4%
Cholamandalam Investment and Finance Company Ltd.	Financial	Equity	4.3%

Rank (total assets)	#7 in India
Total AUM	₹2,59,965.97Cr

Date of Incorporation	04 Sep 2009

Fund benchmark	NIFTY 500 Total Return Index

Vaishnavi Tech Park, 3rd & 4th Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
Contact Us
PRODUCTS
StocksFutures & OptionsMutual FundsCredit
GROWW
About UsPricingBlogMedia & PressCareersHelp and Support
QUICK LINKS
AMC Mutual FundsCalculatorsGlossaryOpen Demat AccountGroww DigestSitemap
ⓒ 2016-2023 Groww. All rights reserved, Built with ♥in India

Min. for 1st investment	₹500
Min. for 2nd investment onwards	₹500

Rating	1
Fund size	₹31,411.08Cr

Axis Long Term Equity Direct Plan IDCW

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (35)

Disclaimer

Pros and cons

Pros

Cons

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.78%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Shreyash DevalkarAug 2023 - PresentView details

Ashish NaikAug 2023 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Shreyash Devalkar
Aug 2023 - Present
View details

Ashish Naik
Aug 2023 - Present
View details