Axis Long Term Equity Direct Plan IDCW

Equity
ELSS
Very High Risk
Payout
3Y Lock In
13.15%
3Y annualised
-0.91% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 03 Oct 2022₹45.43
Min. SIP amount₹500
Rating3
Fund size₹31,360.56Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Equity ELSS
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns-11.9%13.2%12.0%17.5%
Category average-1.8%16.7%10.8%NA
Rank with in category363216NA
Understand terms

Holdings (34)

NameSectorInstrumentAssets
Bajaj Finance Ltd.FinancialEquity9.8%
Avenue Supermarts Ltd.ServicesEquity9.5%
Kotak Mahindra Bank Ltd.FinancialEquity6.9%
Tata Consultancy Services Ltd.TechnologyEquity6.8%
Info Edge (India) Ltd.ServicesEquity5.7%
Nestle India Ltd.Consumer StaplesEquity5.7%
Pidilite Industries Ltd.ChemicalsEquity5.3%
Housing Development Finance Corpn. Ltd.FinancialEquity5.0%
Torrent Power Ltd.EnergyEquity4.8%
Bajaj Finserv Ltd.FinancialEquity4.7%
See All

Pros and cons

Category: Equity ELSS

Pros

Cons

Exit load is zero
Higher AUM: 31360Cr. Funds with a higher AUM tend to have lower returns in the future
Lower expense ratio: 0.78%
Consistently lower annualised returns than category average for the past 1Y and 3Y
5Y annualised returns higher than category average by 1.2%
Lock-in period: 3Y

Expense ratio, exit load and tax

Expense ratio: 0.78%

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
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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