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Talking about an equity fund and forgetting the superior Axis Long Term Equity Fund would be unfair. It is among those equity-linked savings schemes which have served the dual purpose of tax saving and wealth creation. Because of the schemes like this, ELSS is gaining huge ground and trust of the investors in the mutual fund industry. If you are willing to purchase a high-yielding equity plan for your portfolio, then you must take a view at the following write up about this Axis Long Term Equity Fund.
Being an ELSS fund, this scheme is quite popular because it has helped various investors in fulfilling the dual purpose of tax saving under Section 80C and wealth creation. It is an open-ended scheme based on the bottom-up stock picking approach according to which it focuses on the high-quality stocks rather than the predefined allocation to some particular sectors. It invests the capital in the good-quality businesses with solid fundamentals for the purpose of generating wealth in the long term. Because of the three years lock-in period, such purpose is successfully fulfilled and it easily builds up huge capital worth. We are so sure about it because of its performance and the portfolio concentration since inception. Let’s take a look at them.
Track Record Axis Long Term Equity Fund (G) holds “Third” rank in the ELSS category as per CRISIL ranking for the quarter ended in December 2017, and it has been in the list of top-five schemes for long term. The NAV (net asset value) of the scheme amounts to Rs.43.668 as on February 2, 2018, showing the per-unit price of the fund in the market as on that date. The scheme is a tremendous performer in the market with exceptional growth returns in the past. The absolute annual returns of the scheme in the past five years have been highly appreciative; in the year 2017, they were 38.7%. Further, considering the annualised returns of the scheme in three- and five-year investment period, we can track its yielding returns of 11.7% and 24.3%, respectively. The SIP returns of the scheme have also been favourable. If you would have started investing an amount of Rs.1000 per month from February 2015, you would have created an investment worth of Rs.47,051.70 which is almost 27.17%. Its average returns since inception are 23.33% which is again showing its capacity of generating riches in the long run.
Asset Allocation Graph Coming forward, let’s figure out the portfolio concentration of Axis Long Term Mutual Fund. With an asset size amounting to Rs.16,108 crores as on December 31, 2017, it has made all the major investments in the equity and equity-related instruments, while a small portion has been invested in the debt assets to maintain stability. The average market capitalisation which is the market holding of the fund amounts to Rs. 67,049.55 crores which is much more than the category’s average. It is a large-cap growth investment plan having invested a great proportion of the funds in the financial, automobile, chemicals, consumer durables, services, healthcare, and technology sectors. The holdings of the scheme include HDFC Bank, Kotak Mahindra Bank, HDFC, Pidilite Industries, Maruti Suzuki India, Motherson Sumi System, and Bajaj Finance. This way, Axis Long Term Equity Fund is not just an ELSS scheme to save on taxes, it is intended to deliver multiple benefits among which wealth creation is a major one. The portfolio is very strong with top companies and growing sectors which will help you grow your money too if you invest in this fund. Hence, it’s not wrong to say, that you must bet your money on Axis Long Term Equity Fund (G).
You can find further details of this fund to invest online at our portal without any charge. Get associated with us and avail the best investment services to secure your financial future.