Home>Mutual Funds>Compare Axis Long Term Equity Direct Plan Growth with L&T Tax Advantage Fund Direct Growth
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Detailed comparison on parameters like NAV | Returns | Risk | Rating | Analysis
Axis Long Term Equity Direct Plan Growth
Equity
ELSS
4.0
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L&T Tax Advantage Fund Direct Growth
Equity
ELSS
2.0
INVEST NOW
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Axis Long Term Equity Direct Plan Growth
(-1.9%)
L&T Tax Advantage Fund Direct Growth
(3.8%)
1Y
3Y
5Y
Fund Details
| Risk | Very High | Very High | - |
|---|---|---|---|
| Min SIP Amount | ₹500 | ₹500 | - |
| Expense Ratio | 0.77% | 1.22% | - |
| NAV | ₹66.8 (20-May-2022) | ₹75.8 (20-May-2022) | - |
| Fund Started | 01-Jan-2013 | 01-Jan-2013 | - |
| Fund Size | ₹31,656Cr | ₹3,369Cr | - |
| Exit Load | Nil | Nil | - |
Returns
1Y
-1.9%
3.8%
-
3Y
11.3%
10.7%
-
5Y
12.3%
8.4%
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Pros & Cons
Pros
1. 3Y and 5Y annualised returns higher than category average
2. Higher alpha: 1.5 The fund has generated returns higher than benchmark - NIFTY 500 TRI - in the last 3Y
3. Exit load is zero
4. Lower expense ratio: 0.77%
1. Exit load is zero
2. Lower expense ratio: 1.22%
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Cons
1. Higher AUM: 32052Cr. Funds with a higher AUM tend to have lower returns in the future
2. 1Y annualised returns lower than category average by 41.06%
3. Lock-in period: 3Y
1. Consistently lower annualised returns than category average for the past 1Y, 3Y and 5Y
2. Lock-in period: 3Y
3. Low rating: 2
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Holding Analysis
Top 5
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-
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Top 20
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-
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P/E
-
-
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P/B
-
-
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Turnover
-
-
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Equity
-
-
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Cash
-
-
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Top Holdings
Top 10 Holdings
Name
Assets
Bajaj Finance Ltd.
10.1%
Tata Consultancy Services Ltd.
8.9%
Avenue Supermarts Ltd.
8.6%
Info Edge (India) Ltd.
6.1%
Kotak Mahindra Bank Ltd.
6.0%
Housing Development Finance Corpn. Ltd.
5.4%
Divi's Laboratories Ltd.
4.9%
Nestle India Ltd.
4.8%
Pidilite Industries Ltd.
4.7%
Bajaj Finserv Ltd.
4.7%
Name
Assets
Reliance Industries Ltd.
8.8%
ICICI Bank Ltd.
7.7%
Infosys Ltd.
7.5%
State Bank of India
5.0%
Bajaj Finance Ltd.
4.0%
Titan Company Ltd.
3.7%
Kotak Mahindra Bank Ltd.
3.5%
The Indian Hotels Company Ltd.
3.2%
Tata Motors Ltd.
3.0%
KPR Mills Ltd.
2.8%
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Fund Manager
Name
Jinesh Gopani
Vihang Naik
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Education
Mr. Gopani is a B. Com (H) and MMS from Bharati Vidyapeeth Institute of Management Studies and Research.
Mr. Naik is a CFA & BMS.
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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.
Prior to joining L&T Mutual Fund, he was associated with MF Global, Motilal Oswal Securities and SBICAP Securities.
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About Fund
Description
Axis Mutual Fund started their mutual fund on 04/09/2009 and its managing total assets of ₹69,145 Cr. Its ranked at 10 as per total assets at end of 30th Sep 2017.
L&T Mutual Fund started their mutual fund on 03/01/1997 and its managing total assets of ₹52,749 Cr. Its ranked at 12 as per total assets at end of 30th Sep 2017.
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Launch Date
04 Sep 2009
25 Apr 1996
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Custodian
Deutsche Bank
Citibank NA
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Registrar & Transfer Agent
KFin Tech
Cams
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