Hybrid
Direct
Children
NAV as on 23-12-2024
₹ 28.49
1D
Inception Returns
12.3%
/yr
Axis Children's Lock in Fund Direct Growth is a hybrid fund. This fund was started on 8 December, 2015. The fund is managed by Devang Shah, Hardik Shah. This fund gives you the benefit of diversification.
Axis Children's Lock in Fund Direct Growth has given a CAGR return of 12.29% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 17.89%, 8.87% and 13.22% respectively.
Axis Children's Lock in Fund Direct Growth has allocated its funds majorly in Government, Financial Services, Corporate, Cash Equivalent, Consumer Cyclical, Health, Industrial, Tech, Basic Materials, Energy, Real Estate, Communication, Consumer Defensive, Utilities.
As it is a children mutual fund the taxation is as follows:If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
The investment objective of the scheme is to generate income by investing in debt & money market instruments along with long-term capital appreciation through investments in equity & equity related instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. There is a lock in period for Axis Children's Lock in Fund Direct Growth of 5 Years
Expense ratio | 1.26% |
Benchmark | IISL Nifty 50 TR INR |
AUM | ₹897 Cr |
Inception Date | 8 December, 2015 |
Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 3.0% |
Lock In | 5 Years |
TurnOver | 79.77% |
STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (23-Dec-24)
as on (30-Nov-24)
Top 3 Sectors in November were Government, Financial Services & Corporate
Axis Children's Lock in Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.39% | 1.39% |
6 Month Returns | 5.37% | 5.37% |
1 Year Returns | 17.89% | 17.89% |
3 Years Returns | 29.05% | 8.87% |
5 Years Returns | 86.01% | 13.22% |
AAA | 90.95 |
AA | 6.81 |
A | 2.24 |