AXIS Long Term Equity Fund * Return since Launch: 17.12% Invest Now

Axis Long Term Equity Fund Overview

Axis Long Term Equity fund is an open-ended ELSS fund. Axis Long Term Equity fund is an ELSS (Equity Linked Savings Scheme) scheme. The launch date of Axis Long Term Equity fund is 29th December 2009. This fund is managed by Mr. Jinesh Gopani. Axis Long Term Equity fund is one of the most popular ELSS fund. By investing in ELSS you can save tax up to Rs.1.5 lakh under section 80C which comes with a lock in period of three years. The AUM of Axis Long Term Equity fund is Rs.17,426cr. (as on 28th Feb 2019). Axis Long Term Equity fund has invested 97.58% investment in Indian stocks of which 67.91% is in large cap stocks, 26.93% is in mid cap stocks and 2.74% in small cap stocks. Investors who are looking for capital appreciation also tax saving at the same time Axis Long Term Equity fund is best for them. But investor also should be ready for moderate losses.

Eligibility criteria of Axis Long Term Equity Fund

• Adult citizens residing in India.
• Minor through legal guardians/parents.
• Limited liability partnership.
• Religious and charitable trusts.
• Banking and financial institutions
• Mutual Funds or Alternative Investment Funds which have registrations under the Securities and Exchange Board of India
• The Karta of Hindu Undivided Family (HUF)
• Persons of Indian origin residing abroad (PIOs) or Non-Resident Indians can apply for subscription either on repatriation basis or on non-repatriation basis (permitted under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000)
• Foreign Institutional Investors (FIIs) who have registration under the Securities and Exchange Board of India on repatriation basis (permitted under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000)
• Mutual Funds or Alternative Investment Funds which have registrations under the Securities and Exchange Board of India
• Other schemes of Mutual Funds subject to the conditions and limits prescribed by SEBI Regulations.

Documents required for Axis Long Term Equity Fund

KYC Documents:

• PAN Card
• Adhaar Card
• Voter’s ID
• Passport Size Photo
• Download the KYC form
• The investors will be issued an acknowledgement receipt which he/she needs to submit while applying for subscribing for a mutual fund scheme.

Advantages of Axis Long Term Equity Fund

• Small investment option.
• Well organized investment.
• Quick purchase and sell option.
• You can track your investment easily.
• Mutual Funds are managed professionals.
• The return of mutual fund is higher than any other financial instrument.
• This is an ELSS Fund so you will get the tax benefit under 80C up to Rs. 1.5lakh.
• All Mutual Fund Companies are regulated by SEBI so no one will fly away with your hard earned money.