Equity
Direct
Elss (Tax Savings)
NAV as on 05-09-2024
₹ 108.87
▲0.1%
1D
Inception Returns
18.6%
/yr
Axis Long Term Equity Fund Direct Plan is a special type of mutual fund that allows investors to invest in the equity market of India without any market capitalization restriction but also provides tax benefits.It is an equity-linked savings scheme (ELSS) which means that an investor can claim tax benefits under Section 80C of the Income Tax Act, 1961 of up to Rs 1.5 lakh if invested in the fund. If you invest a maximum of Rs. 1.5 Lakh in this fund in a financial year, you can claim a maximum of Rs. 46,500* tax benefits.It is a pure equity fund that invests primarily in equity shares of companies with a proven track record and strong earnings potential.Investors can invest in the direct plan (low cost, zero commission) through either lumpsum or SIP mode. ELSS funds are a type of mutual fund which provide the benefit of capital generation through equity exposure as well as benefit of tax savings.
Axis ELSS Tax Saver Fund Direct Growth has given a CAGR return of 18.56% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 37.47%, 9.91% and 18.30% respectively.
Axis ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Health, Basic Materials, Tech, Consumer Defensive, Utilities, Communication, Energy, Real Estate. Its top holdings are Torrent Power Ltd, HDFC Bank Ltd, Bajaj Finance Ltd, Tata Consultancy Services Ltd, Avenue Supermarts Ltd
As it is a elss (tax savings) mutual fund the taxation is as follows: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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
To generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for Axis ELSS Tax Saver Fund Direct Growth of 3 Years
Expense ratio | 0.78% |
Benchmark | S&P BSE 200 India TR INR |
AUM | ₹38278 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹500/₹500 |
Exit Load | 0% |
Lock In | 3 Years |
TurnOver | 28.91% |
STCG | Redeeming 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 (05-Sep-24)
as on (31-Jul-24)
Top 3 Sectors in July were Financial Services, Consumer Cyclical & Industrial
Axis ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.45% | 2.45% |
6 Month Returns | 19.99% | 19.99% |
1 Year Returns | 37.47% | 37.47% |
3 Years Returns | 32.77% | 9.91% |
5 Years Returns | 131.73% | 18.3% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Axis ELSS Tax Saver Fund Direct Growth | 4.3 | -7.83 | -2.89 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Axis ELSS Tax Saver Fund Direct Growth | 0.78 | 1.03 | 0.93 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Axis ELSS Tax Saver Fund Direct Growth | 2.47 | 0.34 | 0.7 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Axis ELSS Tax Saver Fund Direct Growth | 10.92 | 15.16 | 18.99 |