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Axis Long Term Equity Fund Review

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Axis Long Term Equity Fund

About Axis Mutual Fund  

Dated in October 2009, Axis bank launched its first scheme, thus, welcoming themselves with a remarkable growth in the market. Their success was attributed to three main principles: customer view, long-term relationship, and long-term capital appreciation. The goal of Axis Mutual Fund is to deliver state-of-the-art investment and financial solutions, thus, enabling confidence through financial security amongst the customers. Precisely, goal-oriented investing is on top-notch over un-planned parking of funds.  

Before investing in axis bank mutual funds schemes, lets figure out the pros of the same. Here:  

  • Full transparency and commitment to take the ownership. 
  • Axis Bank Mutual Funds go beyond the call-of-duty and do every rightful thing regardless of anyone watching. 
  • Reliability, forgiving, and grateful is their goals.  
  • Prefer talking in the language of the investor. 
  • Enduring wealth creation at every level. 
  • The availability of axis bank customer care at every point of time.  

How to Invest in Axis Mutual Funds with Gulaq  

Investing in Axis mutual funds is not a bad idea; and with Gulaq the process is simplified with just a few clicks. The investor can filter her requirements in accordance with goals, returns, risks, and horizons. Once sorted, the investor can hop on to Gulaq; select the mutual fund plan, enter the amount to invest, and start investing. Just a matter of a few minutes. NOTE: Also, KYC with Gulaq is FREE.  

About Axis Long Term Equity Fund  

Axis Long Term Equity Fund is an open-ended ELSS fund that attempts to create wealth in the long-run by investing in equity shares of companies having sustainable business model and a strong growth potential. Also, it comes with a lock-in-period of 3 years.  

Investment Objective  

The objective is to generate income & long-term capital appreciation from a diversified portfolio of pre-dominantly equity & equity-related securities. However, there can be no assurance or guarantee that the objective of the investment scheme will be achieved.   

Benefits  

  • It is a diversified ELSS that invest in a mixture of large caps & select midcaps. 
  • The fund has a lock-in-period of 3 years which turns out to be one of the lowest tax saving instruments. 
  • Being an ELSS scheme, it comes with dual advantage of saving tax and building wealth. 
  • It holds generate long-term wealth and holds potential to beat inflation. 
  • Target goals by this fund covers – Retirement, Children’s education and their future; any long-term growth that needs good wealth creation plan. 

Are you looking to invest? Open an account with Gulaq and start investing in Direct Mutual Funds with ZERO commission.   

Statistics of Axis Long Term Equity Fund  

  • Launch DateThe fund was launched on 29th December 2009 by Axis Mutual Fund 
  • Risk Level: It is a moderately risky and suitable for investors that have a long-term investment horizon of 5-years and more. 
  • RedemptionUnits can be made only after the expiry of lock-in-period of 3 years from the date of allotment of units which the investor has proposed to redeem.  
  • Fund Manager: Holding an experience of 16 years, the fund has been managed by Jinesh Gopani. 
  • Entry & Exit LoadNo entry and exit load is charged for investing  in this fund.

Portfolio 

TOP 5 SECTORS % Of Net Assets
Financial Services 43.26
Consumer Goods 15.6
IT 12.88
Automobile 9.67
Chemicals 5.13

 

Top 10 Issuers % Of Net Assets
Bajaj Finance Limited 8.68
Kotak Mahindra Bank Limited 8.05
HDFC Bank Limited 7.92
Avenue Supermarts Limited 6.44
Bandhan Bank Limited 6.38
Housing Development Finance Corporation Limited 6.35
Tata Consultancy Services Limited 6.35
Info Edge (India) Limited 5.43
Pidilite Industries Limited 5.13
Maruti Suzuki India Limited 5.05

 

*Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.

 

Rating: 5.0/5. From 7 votes.
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