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On 3 Years SIP, This ELSS Fund has Delivered Over 32% Returns, SIP Starts At Rs 500
The Equity Linked Savings Scheme (ELSS) is a tax-advantaged mutual fund that invests in stocks. That implies they may be able to provide you with returns that outperform inflation over time. It's critical to beat inflation if you want to achieve your long-term financial goals. Over time, inflation takes away your savings. To put it another way, money loses its value over time due to the influence of inflation. Investing in ELSS funds comes with double benefits one tax saving and the second good returns.
Axis Long Term Equity Fund - Direct Plan-Growth
As explained ELSS, this is a Tax saver fund launched by the Axis Mutual Fund. It is an open-ended medium-sized fund of its category that aims to generate and save from the investments.
The fund's AUM as of 28 February 2022 is worth Rs 31208.41 Crore. The recently declared NAV Dated 30th March 2022 is Rs 75.6682. Its expense ratio is relatively below its category average. The expense ratio of this fund's Direct Plan-Growth is 0.77%.
It is a relatively very risky fund as the is linked with equity. It has given below the average performance among its peer's funds. However, the returns are good. Currently, the scheme is managed by Mr. Jinesh Gopani.
Mutual fund investors who plan to invest for at least three years and are seeking extra benefits including tax savings in addition to expected profits or returns can opt to invest in this fund. The minimum investment amount required for this fund is Rs 500, both one-time and SIP.
Absolute And Annualised Returns
Returns on Lump-Sum Investment
The fund has given 19.11% average annual returns since its inception.
| Investment Period | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 13.67% | 13.67% |
| 2 Year | 84.96% | 36.00% |
| 3 Year | 61.06% | 17.18% |
| 5 Year | 108.12% | 15.78% |
| Since Inception | 403.61% | 19.11% |
SIP Returns
| SIP Period | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 0.39% | 0.73% |
| 2 Year | 23.11% | 21.44% |
| 3 Year | 32.25% | 19.03% |
| 5 Year | 49.93% | 16.21% |
Portfolio
The fund has 98.7% investment in Indian stocks of which 66.15% is in large-cap stocks, 16.89% is in mid-cap stocks, 3.38% in small-cap stocks.
The fund has the majority of its money invested in the Financial, Services, Technology, Healthcare, Chemicals sectors. It has taken less exposure in Financial, Services sectors compared to other funds in the category.
The fund's top holdings are in Bajaj Finance Ltd., Avenue Supermarts Ltd., Tata Consultancy Services Ltd., Info Edge (India) Ltd., Kotak Mahindra Bank Ltd.
Disclaimer
Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.
