Axis Long Term Equity Fund

About Axis Long Term Equity Fund

Being an open--ended ELSS fund, the scheme attempts to create wealth in the long run by investing in equity shares of companies which have a strong growth potential & a sustainable business model. It comes with a lock-in period of 3 years.

Pros & Cons of Axis Long Term Equity Fund

Axis Long Term Equity Fund offers 3 benefits:

1. Tax deduction of upto Rs 1.5lakh under Section 80C of the Income Tax Act
2. Shortest lock-in period allows the fund manager to take better decision and look through the interim volatility
3. Being a star-rated fund, it has consistently beaten its category and the benchmark in 1 year and 5 year time horizon

Fund Information and Statistics of Axis Long Term Equity Fund

i) Inception / Launch date

Axis Long Term Equity Fund was launched on 29 December 2009 by Axis Mutual Fund.

ii) Risk level

Being a multi-cap fund, Axis Long Term Equity Fund is a moderately risky bet and suitable for investors who have a long-term investment horizon of more than 5 years.

iii) Redemption

Redemption of Units can be made only after the expiry of the lock-in period of three years from the date of allotment of units which the holder has proposed to redeem. It will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from date of receipt of request.

iv) Fund Manager

Mr Jinesh Gopani, who holds an experience of 16 years, has been managing the Axis Long Term Equity Fund since 1 April 2011.

v) Entry / Exit load

The fund house does not charge any entry load and exit load for investing in Axis Long Term Equity Fund.

Tax benefits of investing in Axis Long Term Equity Fund

Axis Long Term Equity Fund has a lock-in period of three years which is the lowest amongst all other tax saving alternatives available in India. It helps you to claim a tax deduction of up to Rs. 1.5 lakhs under Section 80C from your Gross Total Income and enables saving taxes up to Rs. 46,800.

About Axis Mutual Fund

After launching its first scheme in October 2009, Axis Mutual Fund has witnessed remarkable growth. It seeks to deliver state-of-the-art financial and investment solutions thereby enabling financial security and confidence among the customers.