Axis Long Term Equity Fund
Type or nature of fund
Axis Long Term Equity Fund is an open ended equity-linked savings scheme with a 3 year lock in.
Investment objective
The investment objective of Axis Long Term Equity Fund scheme is to generate income and long term capital appreciation from a diversified portfolio consisting of equity and equity related securities. There is no assurance that the objective of this scheme will be achieved.
Fund information
| Inception date | 29th December, 2009. | ||||||||||||
| CRISIL rank | Scheme is ranked 1 under Equity Linked Savings Scheme as on July 2015. | ||||||||||||
| Plans | Regular and Direct. | ||||||||||||
| Options | Dividend
Growth |
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| Schemes |
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| Entry load | N.A. | ||||||||||||
| Exit load | NIL | ||||||||||||
| Minimum investment | Minimum Investment: Rs.500
Additional Purchase: Rs.500 and in multiples of Rs.500 thereafter. Repurchase: Rs.500 or 50 units in respect of each option. |
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| SIP | Monthly minimum: Rs.500. and in multiples of Rs.500 thereafter. | ||||||||||||
| Product label – Risk and target investors | Risk : Moderately high risk
Target Investors: This product is suitable for investors who need capital appreciation and generate income over long term and who wants their money to be invested in diversified portfolio consisting of equity and equity related instruments. |
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| Benchmark | S&P BSE 200 is the benchmark.
S&P BSE 500 consists of 500 scrips. While constructing this index, the changing pattern of the economy and the market was considered. This index represents nearly 93 percent of the total capitalisation on BSE. It covers 20 major industries of the economy. |
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| SWP | Yes Systematic Withdrawal Plan is available in monthly, quarterly, half-yearly and in yearly options.
Minimum SWP value is Rs.500 and thereafter additional amount is in multiples of Re.1. Dates of SWP instalments: 1,5,10,15,25 |
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| STP | Daily Systematic Transfer Plan is available for Axis Long Term Equity Fund in weekly, monthly and quarterly option.
Minimum STP amount: Rs.500 STP Date allotments:
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| Redemption | Redemption proceeds within 10 days from the date of receipt of request from the unit holder. | ||||||||||||
| Taxation (on investment and on redemption) | Investor must consult with his tax adviser with respect to the specific tax implications arising out of his participation in this scheme. |
Portfolio – Sector / Top 10 holdings
| Issuer | Sector | Percentage |
| HDFC Bank Ltd. | Banking | 8.8 |
| Kotak Mahindra Bank Ltd. | Banking | 6.5 |
| Larsen & Toubro Ltd. | Engineering | 5.6 |
| Housing Development Finance Corp Ltd. | Banking | 5.2 |
| TCS | IT | 4.8 |
| Tech Mahindra Ltd. | IT | 4.4 |
| Sun Pharmaceuticals Industries Ltd. | Pharmaceuticals | 4.1 |
| Maruti Suzuki India Ltd. | Automotive | 3.8 |
| TTK Prestige Ltd. | Pharmaceuticals | 3.6 |
| Pidilite Industries Ltd. | Chemicals | 3.2 |
Risk measures
| Sharpe | As on 31st July, 2015 it is 0.25 |
| Alpha | N.A. |
| Beta | As on 31st July, 2015 it is 0.83 |
| Standard Deviation | As on 31st July, 2015 it is 11.22. |
Performance
| AUM as on 31st July 2015 | Rs.5,682.75 crores | ||||||||||||||||||||
| NAV (as on 30th June, 2015) | Regular Plan-
Direct Plan-
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| Returns and Benchmark comparison |
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| Expenses |
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How to apply – online + distributors
You can buy the Axis Long Term Equity Fund through both the online and offline platforms.
For applying through the online platform, visit the Axis Mutual Fund webpage. You will be required to accept the terms and conditions and then move on to filling up the application form. You can then register yourself to avail more benefits and then finally you can make payments using internet banking. This process should not take you more than 7 minutes and you can do it within the comforts of your house.
In order to apply offline, you will have to physically approach the Axis Asset Management branch and submit your KYC form, after which you will have to fill up the application forms and then submit it at the respective counter. When you approach the bank, you can meet with the executive in charge and find out more about the scheme that you are applying for and then take an informed decision on which scheme that would best suit your needs.
