Axis Long Term Equity Fund Direct Plan Growth Option
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 75.6 as on 30-05-2023
Fund Performance
24245 people have invested ₹ 11.4Cr in Axis Long Term Equity Fund Direct Plan Growth Option in the last three months
Fund Insights
In the last 1 year, Motilal Oswal Long Term Equity Fund Direct Plan Growth has given 23.65% return, outperforming Axis Long Term Equity Fund Direct Plan Growth Option by 11.23%
In the last 3 years, Quant Tax Plan Growth Option Direct Plan has given 45.11% return, outperforming Axis Long Term Equity Fund Direct Plan Growth Option by 25.93% per annum
In the last 5 years, Quant Tax Plan Growth Option Direct Plan has given 23.73% return, outperforming Axis Long Term Equity Fund Direct Plan Growth Option by 13.37% per annum
Over the last 15 months, Axis Long Term Equity Fund Direct Plan Growth Option has increased expense ratio by 10.5% moving from 0.76 to 0.84
Axis Long Term Equity Fund Direct Plan Growth Option has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.84% which is lower than the category average expense ratio of 1.35%
Over the last 6 months, Axis Long Term Equity Fund Direct Plan Growth Option has experienced a 5.2% drop in AUM moving from 31.62K Cr to 29.96K Cr
INDmoney Rank
Powered by IND quant engine
22
/23
37% Performance
14% Risk Management
69% Cost
22 out of 23 among elss (tax savings)
Pros
Larger AUM within category
Beats FD returns for both 3Y & 5Y
Cons
Has not generated consistent returns
Does not beat the benchmark consistently
Highly volatile within category
About the Fund
Axis Long Term Equity Fund Direct Plan is a special type of mutual fund that allows investors to invest in the equity market of India without any market capitalization restriction but also provides tax benefits.It is an equity-linked savings scheme (ELSS) which means that an investor can claim tax benefits under Section 80C of the Income Tax Act, 1961 of up to Rs 1.5 lakh if invested in the fund. If you invest a maximum of Rs. 1.5 Lakh in this fund in a financial year, you can claim a maximum of Rs. 46,500* tax benefits.It is a pure equity fund that invests primarily in equity shares of companies with a proven track record and strong earnings potential.Investors can invest in the direct plan (low cost, zero commission) through either lumpsum or SIP mode. ELSS funds are a type of mutual fund which provide the benefit of capital generation through equity exposure as well as benefit of tax savings.
Key parameters
1) Axis Long Term Equity Fund Direct Plan Growth Option has a NAV of ₹75.6253 as on 30-05-2023.
2) Axis Long Term Equity Fund Direct Plan Growth Option has ₹29968 Cr worth of assets under management (AUM) as on 31-03-2023 and is more than category average.
3) The fund has an expense ratio 0.84 %.
Axis Long Term Equity Fund Direct Plan Growth Option Overview
 | 0.84% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹29968 Cr |
 | 1 January, 2013 |
 | ₹500/₹500 |
 | 0% |
 | 3 Years |
 TurnOver | 25.57% |
Fund Distribution as on (30-Apr-23)
Size breakup
Large cap
82.1%
Mid cap
15.6%
Small cap
1.8%
Sector Allocation
Financial Services
35.3%
Consumer Defensive
15.4%
Basic Materials
13.6%
Tech
8.9%
Consumer Cyclical
7.9%
Health
6.9%
Communication
5.5%
Utilities
4.8%
Industrial
1.7%
Top Holdings of Axis Long Term Equity Fund Direct Plan Growth Option as on (30-Apr-23)
Equity Holdings36
Axis Long Term Equity Fund Direct Plan Growth Option: Monthly Changes Updates
All changes are between Feb'23 and Apr'23
Fund Performance
- This fund’s returns stands at -1.22% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.73% as on Apr'23
- This fund underperformed Nifty 500 by 0.49% in Apr'23
AUM Change
- AUM of the fund stands at 30K Cr as of Apr'23
- AUM increased by 1.7K Cr between Apr'23 and Mar'23
Fund Portfolio Changes
Gainers & Losers in Axis Long Term Equity Fund Direct Plan Growth Option portfolio as on (30-Apr-23)
Top Growth Drivers | 1M Return |
|---|---|
 Kotak Mahindra Bank Ltd | 11% |
 Nestle India Ltd | 10.4% |
 Bajaj Finance Ltd | 9.9% |
Peer Analysis
Axis Long Term Equity Fund Direct Plan Growth Option Fund Manager
Jinesh Gopani
Fund Manager of Axis Long Term Equity Fund Direct Plan Growth Option, since 1 April 2011
Top funds managed
Fund Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 16.88% since inception which is more than its category average return of 13.15%
Fund Allocations
This fund has an allocation of 99.53% in Equity, 0% in Debt and 0.47% in Cash related instruments
AUM size ₹29968 Cr
This fund has AUM of ₹29968 Cr which is more than its category average of ₹ 2655 Cr
Expense Ratio 0.84%
This fund has an expense ratio of 0.84% which is less than its category average expense ratio of 1.52%
Frequently Asked Questions
The current NAV of Axis Long Term Equity Fund Direct Plan Growth Option is ₹75.63 as on 30-May-2023.
Existing (Absolute + CAGR) as on 30-May-2023.
Axis Long Term Equity Fund Direct Plan Growth Option | Absolute Returns | CAGR Returns |
1 Month Returns | 5% | 5% |
6 Month Returns | 2.4% | 2.4% |
1 Year Returns | 12.42% | 12.42% |
3 Years Returns | 69.28% | 19.18% |
5 Years Returns | 63.71% | 10.36% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.84% as on April 2023
₹29968 Cr as on April 2023
Bajaj Finance Ltd(8.95%), Avenue Supermarts Ltd(8.1%), Kotak Mahindra Bank Ltd(7.81%), Tata Consultancy Services Ltd Shs Dematerialised(7.44%), Nestle India Ltd(7.25%) as on April 2023
Financial Services(35.12%), Consumer Defensive(15.36%), Basic Materials(13.54%) as on January 1
The alpha ratio for the Axis Long Term Equity Fund Direct Plan Growth Option for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Axis Long Term Equity Fund Direct Plan Growth Option | -6.25 | -9.14 | -1.3 |
As on April 2023
The alpha for Axis Long Term Equity Fund Direct Plan Growth Option is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Axis Long Term Equity Fund Direct Plan Growth Option for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Axis Long Term Equity Fund Direct Plan Growth Option | 1.19 | 1.09 | 0.94 |
As on April 2023
The Beta for Axis Long Term Equity Fund Direct Plan Growth Option is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Axis Long Term Equity Fund Direct Plan Growth Option for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Axis Long Term Equity Fund Direct Plan Growth Option | -0.34 | 0.66 | 0.29 |
As on April 2023
The sharpe ratio for Axis Long Term Equity Fund Direct Plan Growth Option is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Axis Long Term Equity Fund Direct Plan Growth Option for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Axis Long Term Equity Fund Direct Plan Growth Option | 20.71 | 18.08 | 19.7 |
As on April 2023
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.25 as on April 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Jinesh Gopani is the fund manager of Axis Long Term Equity Fund Direct Plan Growth Option
The Exit load of Axis Long Term Equity Fund Direct Plan Growth Option is 0%