Solutions
Scheme Performance
Share Less. Save More and fulfill those little desires
Ever wondered if you could save on your tax outgo and instead surprise your wife with a brand new wardrobe or send your parents on a holiday? Is money an obstacle towards you being able to provide for these little desires of your family?

What if there’s a way out by paying lesser tax and create long-term wealth?Bored to read. See video instead.

Consider Axis Long Term Equity Fund which can help you save tax up to Rs. 46,350*per year by investing up to Rs. 1.5 lakhs per year*. It is an ELSS with a 3-year lock-in and investments under ELSS are eligible for IT exemptions under section 80C of the Income Tax Act, 1961. The money is invested in equity markets which are likely to give better returns over a period of time.

Axis Long Term Equity fund uses the 3-year lock-in window of the ELSS to provide a unique approach to equity investing. The lock-in creates a situation where both investor and the fund manager interests are aligned in looking at long term opportunities and ignoring short term noise.

The fund looks at companies that can sustainably grow profits and generate wealth over 3-4 years. This allows the fund manager to overlook short term volatility of the stock price as well as any temporary hiccups in the company’s earnings. Further the fund manager works completely on a bottom-up basis i.e. judging individual stocks purely on their prospects without trying to worry about the overall market direction or what the market benchmarks are doing. This has allowed the fund to create tremendous value for investors since its inception.

*Based on tax rates for AY 2015-16 for Indian residents below the age of 60. Tax savings may vary depending on applicable tax slabs and investments under Sec 80C of the Income Tax Act, 1961.

Key Features
  • Open-ended equity linked savings scheme with a 3-year lock-in
  • One of the lowest lock-in periods (3 years lock-in) amongst other tax saving instruments.
  • Provides tax benefits of up to Rs. 46,350* under section 80C of the Income Tax Act, 1961.
  • Suitable for an investment horizon of at least 3-5 years or more
This Product is suitable for Investors who are seeking*
  • capital appreciation over long term.
  • investment in a diversified portfolio predominantly consisting of equity and equity related instruments.

Investors should consult their financial advisers if in doubt about whether the product is suitable for them

 

Fund Manager


Jinesh Gopani

Managing this fund since 1st April 2011 

Scheme Details
Fund Type
An Open-ended equity-linked savings Scheme with a 3 year lock-in
Investment Plan
Growth/ Dividend
Allotment date
Tuesday, December 29, 2009
Benchmark
S&P BSE 200
Minimum Investment
Rs.500 & in multiples of Rs.500 thereafter 
Additional Purchase
Rs.500 & in multiples of Rs.500 thereafter
Sleep in Peace (SIP)
Monthly - Rs.500 & in multiples of Re.1 thereafter
Yearly - Rs. 6,000 & in multiples of Rs.500 thereafter
Entry Load
Nil
Exit Load
Nil (Since Inception)
 
Other Solutions
NAV as on 27-07-2016
20.2200
NAV as on 27-07-2016
25.9200