Axis Equity Saver Fund Direct Plan Growth
Min amount: ₹500
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||Equity Savings|
|Exit Load||1% for 365 Days|
More about this fund
|Reliance Industries Ltd Shs Dematerialised||7.14%|
|Housing Development Finance Corp Ltd||6.96%|
|ICICI Bank Ltd||6.69%|
|Future on Reliance Industries Ltd Shs Dematerialised||5.18%|
|Mahindra & Mahindra Ltd||4.77%|
|Future on Housing Development Finance Corp Ltd||4.67%|
|HDFC Bank Ltd||3.98%|
|Future on Mahindra & Mahindra Ltd||3.4%|
|Bajaj Finance Ltd||3.06%|
##About Axis Equity Saver Fund - Direct Plan - Growth
The main objective of the Axis Equity Saver Fund is to offer investors with capital appreciation by investing in equity-linked securities and taking advantage of the arbitrage opportunities in money market and debt markets.
Pros and Cons of Axis Equity Saver Fund - Direct Plan - Growth
The main advantage of investing in Axis Equity Save Fund is that investors get the benefit of a diversified portfolio. It is ideal for investors looking to have a balanced portfolio. On the downside, this fund carries a much higher risk than debt mutual fund.
Fund Information and Statistics
i) Inception /Launch Date Axis Equity Saver Fund was launched on 14 August 2015.
ii) Risk Level The Axis Mutual Fund house has classified Axis Equity Saver Fund under the ‘moderately high’ category. This fund carries a much higher risk than debt funds. However, you are compensated in the form of the potential to earn high returns.
iii) Redemption Axis Equity Saver Fund is an open-ended mutual fund, and hence you can place redemption requests anytime.
iv) Fund Manager Mr Sivakumar and Mr Anupam Tiwari as the current fund managers of the Axis Equity Saver Fund.
v) Entry/Exit Load As per the SEBI mandate, there is no entry load. Units redeemed in excess of 10% within one year attracts an exit load of 1%. After the first year, there is no exit load.
About Axis Mutual Fund
Axis Mutual Fund registered with the Securities and Exchange Board of India (SEBI) in 2009 with Axis Bank Limited as the sponsor and Axis Mutual Fund Trustee Limited as the trustee. With assets under management (AUM) of Rs 1.2 lakh crore (as of December 2019), Axis Mutual Fund is a leading fund house in India.
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Min amount: ₹500
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns