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Axis Long Term Equity Direct Plan IDCW

Equity
ELSS
Very High Risk
Payout
3Y Lock In
12.76%
3Y annualised
+1.31% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 16 May 2022₹41.53
Min. SIP amount₹500
Rating4
Fund size₹31,655.93Cr

Returns and rankings

Category: Equity ELSS
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns-0.4%12.8%11.5%17.2%
Category average54.9%14.2%14.3%NA
Rank with in category342613NA
Understand terms

Holdings (34)

NameSectorInstrumentAssets
Bajaj Finance Ltd.FinancialEquity10.1%
Tata Consultancy Services Ltd.TechnologyEquity8.9%
Avenue Supermarts Ltd.ServicesEquity8.6%
Info Edge (India) Ltd.ServicesEquity6.1%
Kotak Mahindra Bank Ltd.FinancialEquity6.0%
Housing Development Finance Corpn. Ltd.FinancialEquity5.4%
Divi's Laboratories Ltd.HealthcareEquity4.9%
Nestle India Ltd.Consumer StaplesEquity4.8%
Pidilite Industries Ltd.ChemicalsEquity4.7%
Bajaj Finserv Ltd.FinancialEquity4.7%
See All

Pros and cons

Category: Equity ELSS

Pros

3Y and 5Y annualised returns higher than category average
Higher alpha: 1.5 The fund has generated returns higher than benchmark - NIFTY 500 TRI - in the last 3Y
Exit load is zero
Lower expense ratio: 0.77%

Cons

Higher AUM: 32052Cr. Funds with a higher AUM tend to have lower returns in the future
1Y annualised returns lower than category average by 41.06%
Lock-in period: 3Y

Expense ratio, exit load and tax

Expense ratio: 0.77%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

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.

Understand terms
Check past data

Minimum investment amounts

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

Fund management

Jinesh Gopani
Jan 2013 - Present
View details

Education
Mr. Gopani is a B. Com (H) and MMS from Bharati Vidyapeeth Institute of Management Studies and Research.
Experience
Prior to joining Axis AMC he has worked with Birla Sun Life AMC, Voyager India Capital Pvt. Ltd., Emkay Shares & Stock Brokers Limited and Net worth Stock Broking Limited.
Also manages these schemes

Fund house & investment objective

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
Amc Image
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,

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FAQs

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 -0.36% 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 0.77% as of 17 May 2022...

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 ₹31,655.93Cr as of 17 May 2022.

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 ₹41.53 as of 16 May 2022.

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).

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