Axis Long Term Equity Fund
Information about the scheme at a glance
Share Less. Save More and fulfill those little desires
Ever wondered if you could save on your tax outgo and instead surprise your wife with a brand new wardrobe or send your parents on a holiday? Is money an obstacle towards you being able to provide for these little desires of your family?
What if there’s a way out by paying lesser tax and create long-term wealth?
Bored to read. See video instead.
Bored to read. See video instead.
Consider Axis Long Term Equity Fund which can help you save tax up to Rs. 46,350*per year by investing up to Rs. 1.5 lakhs per year*. It is an ELSS with a 3-year lock-in and investments under ELSS are eligible for IT exemptions under section 80C of the Income Tax Act, 1961. The money is invested in equity markets which are likely to give better returns over a period of time.
Axis Long Term Equity fund uses the 3-year lock-in window of the ELSS to provide a unique approach to equity investing. The lock-in creates a situation where both investor and the fund manager interests are aligned in looking at long term opportunities and ignoring short term noise.
The fund looks at companies that can sustainably grow profits and generate wealth over 3-4 years. This allows the fund manager to overlook short term volatility of the stock price as well as any temporary hiccups in the company’s earnings. Further the fund manager works completely on a bottom-up basis i.e. judging individual stocks purely on their prospects without trying to worry about the overall market direction or what the market benchmarks are doing. This has allowed the fund to create tremendous value for investors since its inception.
*Based on tax rates for AY 2015-16 for Indian residents below the age of 60. Tax savings may vary depending on applicable tax slabs and investments under Sec 80C of the Income Tax Act, 1961.
Key Features
- Open-ended equity linked savings scheme with a 3-year lock-in
- One of the lowest lock-in periods (3 years lock-in) amongst other tax saving instruments.
- Provides tax benefits of up to Rs. 46,350* under section 80C of the Income Tax Act, 1961.
- Suitable for an investment horizon of at least 3-5 years or more
This Product is suitable for Investors who are seeking*
- capital appreciation over long term.
- investment in a diversified portfolio predominantly consisting of equity and equity related instruments.
Investors should consult their financial advisers if in doubt about whether the product is suitable for them
Investment Allocation:
80% to 100% in Equities and Equity related Securities and up to 20% in Debt (Debentures, Government of India and State Government Bonds, Money Market Instruments)
Out of Equity & Equity related securities:
Large Cap Companies 50-100%
Mid Cap Companies up ti 50%
Investment Style:
The Fund Manager seeks capital appreciation over the long-term by focussing on wealth creating companies that generates return on capital across all sectors.
Type of Scheme: An Open-End Equity linked savings scheme (ELSS) with 3 year compulsory lock-in
Investment Objective: The investment objective of the scheme is to provide growth of capital plus regular dividend through a diversified portfolio of equities, fixed income securities and money market instruments.
Date of Launch of the Scheme: 29 December 2009
Fund Manager:
Mr. Jinesh Gopani Managing this fund since its inception
Benchmark: S&P BSE 200NAV As on 14 June 2016
Regular Growth Option: Rs.30.82
Regular Dividend Option: Rs.20.15
Fund Size (AUM - Asset Under Management) Rs.8,888 Crores as on 31 May 2016
Portfolio Turnover: 23%
Volatility Measures (3 Years)
Standard Deviation: 4.36%
Beta: 0.90
Sharp Ratio 1.03
Expense Ratio: 2.26%
Investment Limit:
Minimum Investment (First Time): Rs.5000/-
Maximum Investment: No Limit
Additional Investment: Rs.1000/-
Load:
Entry Load: NIL
Exit Load: NIL.
SIP Performance - If you had invested Rs.10000/- per month as on 31st March 2016
| 1 Year | 3 Year | 5 Year | 7 Year | 10 Year | Since Inception | |
| Total Amount invested (Rs.) | 120,000 | 360,000 | 600,000 | NA | NA | 750,000 |
| Total Value as on 31/03/2016 | 115,355 | 482,228 | 1026,629 | 1408,485 | ||
| Returns | -7.10% | 19.95% | 21.64% | 19.99% | ||
| Nifty 500 Returns | -7.08% | 7.28% | 9.33% | 8.21% |
Analysis of the Scheme:
A fund which has grown in short order to become the largest in the ELSS category, Axis Long Term Equity has the performance record to back its asset size. The fund has been lodged strongly at a five-star rating for the last three years. The fund's strategy of buying quality stocks with a growth bias has paid off handsomely, with the fund outpacing its category by big margins in every year since launch. While selecting stocks, the fund looks for a superior and scalable business, a high return on capital and secular growth. The fund is also large-cap oriented, with large-cap allocations actually climbing from 55 to 70 per cent in the last couple of years. Mid caps get a 30-40 per cent allocation in the portfolio, with negligible small caps.
The fund, being a later entrant, has managed to skip the bear market of 2008. Its performance in 2011, however, showed that it is able to contain loses in a falling market. It has delivered convincing outperformance of both benchmark and peers in most bull years - be it 2010, 2013 or 2014. However, this outperformance is also attributable to the exceptional returns delivered by the fund's 'growth and quality' style of investing in the last five years. The fund has been overweight on domestic consumer stocks such as private banks, housing and automobiles, which have been the front runners of this bull market.
Overall it's a solid fund if you like to own quality businesses in the listed space
Scheme Details at a Glance:
| Basic Details | ||
|---|---|---|
| Fund House: | Axis Mutual Fund | |
| Launch Date: | Dec 29, 2009 | |
| Benchmark: | S&P BSE 200 | |
| Riskometer: | Moderately High | |
| Risk Grade: | Low | |
| Return Grade: | High | |
| Turnover: | 23% | |
| Type: | Open-ended | |
| Investment Details | ||
|---|---|---|
| Return since Launch: | 19.03% | |
| Minimum Investment (R) | 500 | |
| Minimum Addl Investment (R) | 500 | |
| Minimum SIP Investment (R) | 500 | |
| Minimum No of Cheques | 6 | |
| Minimum Withdrawal (R) | 500 | |
| Minimum Balance (R) | - | |
| Exit Load (%) | 0 | |
Performance
| YTD | 1-Month | 3-Month | 1-Year | 3-Year | 5-Year | 10-Year | |
|---|---|---|---|---|---|---|---|
| Fund | 0.69 | 2.98 | 7.70 | 5.53 | 27.65 | 19.60 | - |
| S&P BSE 200 | 1.45 | 3.34 | 8.06 | 2.60 | 13.74 | 8.47 | - |
| Category | 1.14 | 2.59 | 9.45 | 4.76 | 20.66 | 12.67 | - |
| Rank within Category | 38 | 33 | 68 | 34 | 2 | 1 | - |
| Number of funds in category | 78 | 80 | 80 | 72 | 68 | 34 | - |
As on Jun 14, 2016
Portfolio
| Portfolio Aggregates | |||
|---|---|---|---|
| Fund | Benchmark | Category | |
| Average Mkt Cap (Rs Cr) | 51,435.48 | 144,530.16 | 44,121.56 |
| Giant (%) | 47.12 | 63.93 | 43.43 |
| Large (%) | 20.85 | 22.71 | 20.05 |
| Mid (%) | 30.83 | 13.06 | 28.97 |
| Small (%) | 1.20 | 0.29 | 7.91 |
| Tiny (%) | - | - | 0.13 |
| Value Research Fund Style | |
|---|---|
 |
| Best & Worst Performance | Best (Period) | Worst (Period) | ||
|---|---|---|---|---|
| Month | 14.59 | (May 07, 2014 - Jun 06, 14) | -10.21 | (Jan 03, 2011 - Feb 02, 11) |
| Quarter | 25.79 | (Apr 04, 2014 - Jul 04, 14) | -16.20 | (Nov 10, 2010 - Feb 09, 11) |
| Year | 86.83 | (Sep 03, 2013 - Sep 03, 14) | -14.99 | (Dec 31, 2010 - Jan 02, 12) |
| Risk Measures (%) | Mean | Std Dev | Sharpe | Sortino | Beta | Alpha |
|---|---|---|---|---|---|---|
| Fund | 24.64 | 14.71 | 1.33 | 2.12 | 0.87 | 13.99 |
| S&P BSE 200 | 13.13 | 15.63 | 0.52 | 0.92 | - | - |
| Category | 19.31 | 16.64 | 0.86 | 1.47 | 1.01 | 7.75 |
| Rank within Category | 5 | 71 | 2 | 3 | 71 | 4 |
| Number of funds in category | 71 | 71 | 71 | 71 | 71 | 71 |
As on May 31, 2016
| Trailing Returns (%) | YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.69 | 0.19 | -1.20 | 2.98 | 7.70 | 5.07 | 5.53 | 27.65 | 19.60 | - | - |
| S&P BSE 200 | 1.45 | 0.07 | -1.51 | 3.34 | 8.06 | 5.56 | 2.60 | 13.74 | 8.47 | - | - |
| Category | 1.14 | 0.09 | -1.05 | 2.59 | 9.45 | 4.98 | 4.76 | 20.66 | 12.67 | - | - |
| Rank within Category | 38 | 26 | 53 | 33 | 68 | 30 | 34 | 2 | 1 | - | - |
| Number of funds in category | 78 | 80 | 80 | 80 | 80 | 74 | 72 | 68 | 34 | - | - |
As on Jun 14, 2016
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on May 31, 2016
Source: www.valueresearchonline.com
Do You Wish to Invest in this Scheme?
- Please download CAN (Common Account No.) Registration Form it is fillable form, please fill up details, take printout, make signature/s.
- Please download PayEezz Mandate Form take printout, make signature/s.
- Please download KYC Form take printout, affix photo at the space provided for make signature across the photo (half outside and half on photo), make second signature at the space provided for at the bottom in square.
- Attach self attested copies of PAN Card & Address Proof and one cancelled cheque.
If you are KYC compliant existing investor in Mutual Funds:
- Please download CAN (Common Account No.) Registration Form it is fillable form, please fill up details, take printout, make signature/s.
- Please download PayEezz Mandate Form take printout, make signature/s.
- Attach self attested copies of PAN Card & Address Proof and one cancelled cheque.
If you need any assistance for filling above forms please call on us: 02355-251089 Mobile: 9422430302 Email: tfscontactus@gamil.com
Send all as above to by courier or post:
Thakur Financial Services
275, Manisha, Near ICICI Bank,
Kaviltali, Chiplun-415605,
Dist: Ratnagiri
We will do the rest on your behalf and once your one time registration process is completed and one time bank mandate is registered with your bank, you can call on us for discussing the suitable mutual fund scheme for you on the basis of your income, age, capacity invest, your risk tolerance capacity, investment horizon, your goals, reason for investment etc., and then appropriate scheme will be suggested to you, and we shall be able to do the investment (lump-sum or SIP) without any form, cheque, signature i.e. totally paperless.
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