Axis Equity Hybrid Fund
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Min amount: 5000
- Fund Summary
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- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||Aggressive Allocation|
|Exit Load||1% for 365 Days|
More about this fund
|Tata Consultancy Services Ltd||6.71%|
|HDFC Bank Ltd||6.46%|
|Kotak Mahindra Bank Ltd||5.91%|
|Bajaj Finance Ltd||4.49%|
|Housing Development Finance Corp Ltd||4.07%|
|ICICI Bank Ltd||3.88%|
|Reliance Industries Ltd||3.25%|
|Bajaj Finserv Ltd||2.3%|
|Power Finance Corporation Ltd.||2.27%|
About Axis Equity Hybrid Fund
It is an open-ended scheme that invests across equity and debt markets to generate stable returns for investors in the medium term. Hybrid funds invest into a mix of equity and debt. Equity-oriented hybrid schemes invest at least 65% of the investments in equity. These hybrid schemes are less volatile than equity funds because of their mixed portfolio. The debt investments ensures stability in times of volatility. The Scheme is benchmarked against CRISIL Balanced Fund Index.
Pros & Cons of Axis Equity Hybrid Fund
- Being a hybrid scheme, it gives investor the best of both worlds (equity and debt). From a tax implication view, since a dominant portion is parked in equities if the units are redeemed within a holding period of one year, the Scheme attracts a Short Term Capital Gain Tax of 15%. And if redeemed after a period of 1 year, the Long Term Capital Gains) in excess of Rs 1 lakh is taxed @ 10%.
- The Scheme is not ranked in aggressive hybrid fund category by Crisil for this quarter.
Fund Information & Statistics of Axis Equity Hybrid Fund
i) Inception / Launch date
Axis Mutual Fund launched the Scheme on 20 July 2018. The Scheme is available under Regular and Direct Plan. Each Plan is offered under Growth and Dividend (Payout and reinvestment) Options.
ii) Risk level
It is only suitable for investors with a high-risk appetite and investment time horizon of at least 5 years.
The redemption proceeds are dispatched to the unit holders within 10 working days from the receipt of the redemption requests at the Authorized Centre of Axis Mutual Fund.
iv) Fund Manager
The Scheme is managed by Mr. Shreyash Devalkar, Mr. Ashish Naik (both for equity portion) and Mr. R Sivakumar (for the debt portion). These managers are managing the Scheme since inception.
v) Entry / Exit load
For redemptions of up-to 10% of initial investment amount within 1 year from date of allotment is Nil. If units are redeemed in excess of the limit within 1 year are charged 1% exit load. No Exit load is charged if redeemed post 1 year of allotment.
About Axis Mutual Fund
Axis Mutual Fund launched its first scheme in October 2009 and currently managing more than 50 schemes with over 20 lakh active investor accounts. Mr. Chandresh Kumar Nigam is the MD & CEO of the fund house. Axis bank Ltd holds 75% of stake and 25% of stake is held by Schroder Singapore Holdings Private Limited.
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Min amount: 5000
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