Things you should consider
- RiskometerInvestors understand that their principal will be at Moderately High risk.
- Annualized Return for last 3 year12.96%?Return generated by the fund in the specified time. For time periods less than or equal to 1 year, returns are absolute whereas for periods greater than 1 year, returns are annualized.
- Suggested Investment Horizon>3 years?The minimum time required for holding investments in the fund to reduce its downside risk and ensuring that the returns become more predictable.
- Average Time taken to double the money since inception2 years 10 months?The average time taken by the fund to double investor’s money. Daily rolling frequency is considered to compute the average time.
Fund NAV Range
Current vs Stated Allocation
Top 5 Peer Comparison
Axis Long Term Equity Fund is an open-ended equity linked saving scheme (ELSS) with a compulsory lock-in period of three years and comes with tax benefits under Section 80C of the Income Tax Act. The fund currently manages assets worth Rs 19,717.72 crore as on June 30, 2019. The fund has outperformed benchmark and category average across different time periods since its inception.
The investment objective of the fund is to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities, according to Axis Mutual Fund.
Minimum investment required is Rs 500, and minimum additional investment is Rs 500. Minimum SIP investment is Rs 500. Axis Long Term Equity Fund is managed by Jinesh Gopani. He has been managing the fund since April, 2011.
According to the fund house, the fund is suitable for investors who have moderately high risk tolerance and who are seeking capital appreciation and generating income over long term. The suggested investment horizon for investing in Axis Long Term Equity Fund is three years and above.