Axis Long Term Equity Fund Direct Growth

Fund Overview

Fund Size

₹35,642 Cr

Expense Ratio

0.78%

ISIN

INF846K01EW2

Minimum SIP

₹500

Exit Load

No Charges

Inception Date

01 Jan 2013

About this fund

Axis Long Term Equity Fund Direct Growth is a ELSS (Tax Savings) mutual fund schemes offered by Axis Mutual Fund. This fund has been in existence for 11 years, 4 months and 8 days, having been launched on 01-Jan-13.
As of 08-May-24, it has a Net Asset Value (NAV) of ₹95.18, Assets Under Management (AUM) of 35641.94 Crores, and an expense ratio of 0.78%.

Axis Long Term Equity Fund Direct Growth has given a CAGR return of 17.74% since inception.
The fund's asset allocation comprises around 95.14% in equities, 0.00% in debts, and 4.86% in cash & cash equivalents.
You can start investing in Axis Long Term Equity Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+29.13%

+36.03% (Cat Avg.)

3 Years

+12.10%

+19.12% (Cat Avg.)

5 Years

+15.46%

+17.93% (Cat Avg.)

10 Years

+17.06%

+16.46% (Cat Avg.)

Since Inception

+17.74%

— (Cat Avg.)

Portfolio Summaryas of 30th April 2024

Equity	₹33,911.25 Cr	95.14%
Others	₹1,730.69 Cr	4.86%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Torrent Power Ltd	Equity	₹2,546.39 Cr	7.14%
Tata Consultancy Services Ltd	Equity	₹2,088.01 Cr	5.86%
Avenue Supermarts Ltd	Equity	₹2,031.48 Cr	5.70%
Bajaj Finance Ltd	Equity	₹1,811.58 Cr	5.08%
HDFC Bank Ltd	Equity	₹1,674.68 Cr	4.70%
Pidilite Industries Ltd	Equity	₹1,557.54 Cr	4.37%
Clearing Corporation Of India Ltd	Cash - Repurchase Agreement	₹1,463.81 Cr	4.11%
Info Edge (India) Ltd	Equity	₹1,242.52 Cr	3.49%
Nestle India Ltd	Equity	₹1,218.46 Cr	3.42%
Divi's Laboratories Ltd	Equity	₹1,144.56 Cr	3.21%
Cholamandalam Investment and Finance Co Ltd	Equity	₹1,080.39 Cr	3.03%
Tata Motors Ltd	Equity	₹972.45 Cr	2.73%
Zomato Ltd	Equity	₹923.79 Cr	2.59%
PI Industries Ltd	Equity	₹879.53 Cr	2.47%
Mahindra & Mahindra Ltd	Equity	₹874.13 Cr	2.45%
Sundaram Finance Ltd	Equity	₹842.65 Cr	2.36%
Bajaj Finserv Ltd	Equity	₹753.55 Cr	2.11%
Astral Ltd	Equity	₹745.31 Cr	2.09%
Bharti Airtel Ltd	Equity	₹731.07 Cr	2.05%
Apollo Hospitals Enterprise Ltd	Equity	₹726.55 Cr	2.04%
Indian Hotels Co Ltd	Equity	₹666.08 Cr	1.87%
CG Power & Industrial Solutions Ltd	Equity	₹654.6 Cr	1.84%
ICICI Bank Ltd	Equity	₹603.78 Cr	1.69%
Kotak Mahindra Bank Ltd	Equity	₹597.61 Cr	1.68%
Shree Cement Ltd	Equity	₹579.41 Cr	1.63%
Larsen & Toubro Ltd	Equity	₹541.58 Cr	1.52%
Reliance Industries Ltd	Equity	₹527.11 Cr	1.48%
Sona BLW Precision Forgings Ltd	Equity	₹522.02 Cr	1.46%
Sun Pharmaceuticals Industries Ltd	Equity	₹493.33 Cr	1.38%
Tube Investments of India Ltd Ordinary Shares	Equity	₹480.75 Cr	1.35%
Mankind Pharma Ltd	Equity	₹463.81 Cr	1.30%
State Bank of India	Equity	₹383.49 Cr	1.08%
Jio Financial Services Ltd	Equity	₹309.76 Cr	0.87%
Tata Elxsi Ltd	Equity	₹307.21 Cr	0.86%
Bajaj Auto Ltd	Equity	₹285 Cr	0.80%
Cummins India Ltd	Equity	₹279.81 Cr	0.79%
Net Receivables / (Payables)	Cash	₹266.88 Cr	0.75%
Titan Co Ltd	Equity	₹207.77 Cr	0.58%
Navin Fluorine International Ltd	Equity	₹204.72 Cr	0.57%
Persistent Systems Ltd	Equity	₹203.45 Cr	0.57%
NTPC Ltd	Equity	₹200.16 Cr	0.56%
Coforge Ltd	Equity	₹179.85 Cr	0.50%
InterGlobe Aviation Ltd	Equity	₹166.94 Cr	0.47%
Bharat Petroleum Corp Ltd	Equity	₹164.5 Cr	0.46%
Schaeffler India Ltd	Equity	₹133.21 Cr	0.37%
SBI Life Insurance Company Limited	Equity	₹128.36 Cr	0.36%
Clean Science and Technology Ltd	Equity	₹116.02 Cr	0.33%
Coal India Ltd	Equity	₹110.86 Cr	0.31%
PB Fintech Ltd	Equity	₹99.24 Cr	0.28%
Max Healthcare Institute Ltd Ordinary Shares	Equity	₹86.5 Cr	0.24%
MAS Financial Services Ltd Ordinary Shares	Equity	₹73.73 Cr	0.21%
Global Health Ltd	Equity	₹60.42 Cr	0.17%
UltraTech Cement Ltd	Equity	₹58.36 Cr	0.16%
Tata Steel Ltd	Equity	₹48.69 Cr	0.14%
Varun Beverages Ltd	Equity	₹44.38 Cr	0.12%
Symphony Ltd	Equity	₹30.63 Cr	0.09%
Cipla Ltd	Equity	₹22.71 Cr	0.06%
Dixon Technologies (India) Ltd	Equity	₹17.8 Cr	0.05%
Bharat Electronics Ltd	Equity	₹12.98 Cr	0.04%

Allocation By Market Cap (Equity)

Large Cap Stocks

71.07%

Mid Cap Stocks

24.40%

Small Cap Stocks

0.80%

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹8,358.81 Cr	23.45%
Consumer Cyclical	₹4,615.07 Cr	12.95%
Basic Materials	₹3,444.26 Cr	9.66%
Consumer Defensive	₹3,294.32 Cr	9.24%
Healthcare	₹2,997.89 Cr	8.41%
Industrials	₹2,881.98 Cr	8.09%
Technology	₹2,796.32 Cr	7.85%
Utilities	₹2,746.54 Cr	7.71%
Communication Services	₹1,973.59 Cr	5.54%
Energy	₹802.47 Cr	2.25%

Risk & Performance Ratios

Standard Deviation

This fund

15.56%

Cat. avg.

12.86%

Lower the better

Sharpe Ratio

This fund

0.51

Cat. avg.

1.10

Higher the better

Sortino Ratio

This fund

Cat. avg.

2.10

Higher the better

Fund Managers

Shreyash Devalkar

Since August 2023

Ashish Naik

Since August 2023

Additional Scheme Detailsas of 30th April 2024

	ISIN	INF846K01EW2		Expense Ratio	0.78%		Exit Load	No Charges		Fund Size	₹35,642 Cr		Age	01 Jan 2013		Lumpsum Minimum	₹500		Fund Status	Open Ended Investment Company		Benchmark	Nifty 500 TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Withdrawal within 1 year

Flat 15% tax on realised gains (STCG - short term capital gains)

Withdrawal after 1 year

10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar ELSS (Tax Savings) Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Tata India Tax Savings Fund Direct Growth Very High Risk	0.7%	0.0%	₹4028.26 Cr	32.1%
Tata India Tax Savings Fund Regular Growth Very High Risk	1.8%	0.0%	₹4028.26 Cr	30.6%
Axis Long Term Equity Fund Regular Growth Very High Risk	1.5%	0.0%	₹35641.94 Cr	28.2%
Parag Parikh Tax Saver Fund Direct Growth Very High Risk	0.7%	0.0%	₹3360.61 Cr	32.0%
Parag Parikh Tax Saver Fund Regular Growth Very High Risk	1.8%	0.0%	₹3360.61 Cr	30.6%
Shriram Long Term Equity Fund Direct Growth Very High Risk	0.8%	0.0%	₹47.33 Cr	37.2%
Shriram Long Term Equity Fund Regular Growth Very High Risk	2.3%	0.0%	₹47.33 Cr	35.0%
ITI Long Term Equity Fund Direct Growth Very High Risk	0.5%	0.0%	₹301.77 Cr	54.7%
ITI Long Term Equity Fund Regular Growth Very High Risk	2.3%	0.0%	₹301.77 Cr	51.9%
Sundaram Diversified Equity Regular Growth Very High Risk	2.2%	0.0%	₹1595.49 Cr	25.6%

About the AMC

Axis Mutual Fund

+91 22 43255161

https://www.axismf.com/

Total AUM

₹2,79,542 Cr

Address

Axis House, 1st Floor, C-2, Wadia International Centre, Mumbai, 400 025

Other Funds by Axis Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Axis Fixed Term Plan Series 120 (91 Days) Direct Growth Moderate Risk	-	0.0%	-	-
Axis US Treasury Dynamic Bond ETF Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹99.90 Cr	-
Axis India Manufacturing Fund Direct Growth Very High Risk	0.4%	1.0%	₹4360.55 Cr	-
Axis Fixed Term Plan Series 118 100 Days Direct Growth Moderate Risk	-	0.0%	-	-
Axis Fixed Term Plan Series 113 1228 Days Direct Growth Low to Moderate Risk	-	0.0%	-	6.8%
Axis Fixed Term Plan Series 110 1553 Days Direct Growth Moderate Risk	-	0.0%	-	-
Axis Fixed Term Plan Series 105 1128 Days Direct Growth Moderate Risk	-	0.0%	-	-
Axis Fixed Term Plan Series 112 1143 Days Direct Growth Low to Moderate Risk	-	0.0%	-	6.8%
Axis Nifty SDL September 2026 Debt Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹77.47 Cr	6.8%
Axis Banking & PSU Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹13655.95 Cr	6.6%
Axis Global Equity Alpha Fund of Fund Direct Growth Very High Risk	1.0%	1.0%	₹880.21 Cr	26.6%
Axis Nifty Smallcap 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹293.15 Cr	69.2%
Axis Flexi Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹5310.41 Cr	31.3%
Axis Money Market Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹8551.93 Cr	7.7%
Axis Equity Hybrid Fund Direct Growth Very High Risk	1.0%	1.0%	₹1588.78 Cr	19.3%
Axis Special Situations Fund Direct Growth Very High Risk	1.1%	1.0%	₹1216.85 Cr	34.8%
Axis Corporate Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹5336.26 Cr	7.2%
Axis ESG Equity Fund Direct Growth Very High Risk	1.4%	1.0%	₹1362.05 Cr	29.5%
Axis Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹4177.79 Cr	8.2%
Axis Greater China Equity Fund of Fund Direct Growth Very High Risk	0.6%	1.0%	₹146.76 Cr	1.0%
Axis Value Fund Direct Growth Very High Risk	1.0%	1.0%	₹531.98 Cr	46.7%
Axis All Seasons Debt Fund of Funds Direct Growth Moderately High risk	0.2%	1.0%	₹172.61 Cr	6.8%
Axis Gilt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹328.09 Cr	7.6%
Axis Bluechip Fund Direct Growth Very High Risk	0.7%	1.0%	₹33351.61 Cr	26.3%
Axis Dynamic Bond Fund Direct Growth Moderate Risk	0.3%	0.0%	₹1713.46 Cr	6.4%
Axis Gold Fund Direct Growth High Risk	0.2%	1.0%	₹482.60 Cr	16.1%
Axis Focused 25 Fund Direct Growth Very High Risk	0.8%	1.0%	₹13893.00 Cr	24.6%
Axis Regular Saver Fund Direct Growth Very High Risk	0.9%	1.0%	₹336.50 Cr	9.6%
Axis Strategic Bond Fund Direct Growth Moderately High risk	0.3%	1.0%	₹1970.65 Cr	7.6%
Axis Long Term Equity Fund Direct Growth Very High Risk	0.8%	0.0%	₹35641.94 Cr	29.1%
Axis Short Term Fund Direct Growth Moderate Risk	0.3%	0.0%	₹7944.42 Cr	7.1%
Axis Liquid Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹32647.93 Cr	7.4%
Axis Multi Asset Allocation Fund Direct Growth Very High Risk	1.3%	1.0%	₹1202.42 Cr	18.5%
Axis Midcap Fund Direct Growth Very High Risk	0.5%	1.0%	₹26636.78 Cr	40.1%
Axis Treasury Advantage Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹5464.57 Cr	7.5%
Axis Equity Saver Fund Direct Growth Moderately High risk	1.1%	1.0%	₹907.89 Cr	18.3%
Axis Balanced Advantage Fund Direct Growth Moderately High risk	0.9%	1.0%	₹2123.94 Cr	25.0%
Axis Nifty Midcap 50 Index Fund Direct Growth Low Risk	0.2%	0.0%	₹280.68 Cr	52.9%
Axis Nifty IT Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹107.06 Cr	-
Axis CRISIL IBX 50:50 Gilt Plus SDL September 2027 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹33.81 Cr	6.7%
Axis Credit Risk Fund Direct Growth Moderately High risk	0.8%	1.0%	₹460.54 Cr	7.7%
Axis Ultra Short Term Fund Direct Growth Moderate Risk	0.3%	0.0%	₹4651.04 Cr	7.6%
Axis Multicap Fund Direct Growth Very High Risk	0.9%	1.0%	₹5310.41 Cr	48.0%
Axis CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund Direct Growth Moderate Risk	0.2%	0.0%	₹68.59 Cr	6.6%
Axis Nifty AAA Bond Plus SDL Apirl 2026 50:50 ETF Fund Of Funds Direct Growth Low to Moderate Risk	0.1%	0.0%	₹291.83 Cr	7.4%
Axis Silver Fund of Funds Direct Growth Very High Risk	0.1%	0.0%	₹35.76 Cr	5.7%
Axis Nifty Next 50 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹165.80 Cr	60.7%
Axis CRISIL IBX 70:30 CPSE Plus SDL April 2025 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹541.26 Cr	7.0%
Axis Long Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹216.04 Cr	6.7%
Axis Nifty 50 Index Fund Direct Growth Very High Risk	0.1%	0.0%	₹449.43 Cr	23.2%

Risk Level

Your principal amount will be at Very High Risk

Still got questions?
We're here to help.

What is the current NAV of Axis Long Term Equity Fund Direct Growth?

The NAV of Axis Long Term Equity Fund Direct Growth, as of 08-May-2024, is ₹95.18.

What are the returns of Axis Long Term Equity Fund Direct Growth?

The fund has generated 29.13% over the last 1 year and 12.10% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of Axis Long Term Equity Fund Direct Growth?

The fund's allocation of assets is distributed as 95.14% in equities, 0.00% in bonds, and 4.86% in cash and cash equivalents.

Who manages the Axis Long Term Equity Fund Direct Growth?

The fund managers responsible for Axis Long Term Equity Fund Direct Growth are:-

Shreyash Devalkar
Ashish Naik

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Axis Long Term Equity Fund Direct Growth

Fund Overview