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 its inception 

Other funds managed by Jinesh Gopani
Axis Income Saver  
Axis Hybrid Series 5,6,7  
Scheme Details
Fund Type
An open ended Equity linked savings scheme (ELSS) with 3 year compulsory lock-in
Investment Plan
Growth/ Dividend
Allotment date
29 December 2009 
Benchmark
S&P BSE 200 
Minimum Investment
Rs 500 in multiples of Rs 500 thereafter 
Sleep in Peace (SIP)
Rs 500 in multiples of Rs 500 thereafter
Entry Load
NA
Exit Load
NIL
Load Comments
NIL
Other Solutions
NAV as on 06-07-2015
19.7300
NAV as on 06-07-2015
26.3799