Skip to main content

AXIS Long Term Equity Fund - A ELSS Fund

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

Launched in December 2009, Axis Long Term Equity Fund has been ranked CRISIL Fund Rank 1 for the quarter ended December 2012 in the Equity Linked Savings Scheme (ELSS) category. The fund is a new entrant in the category under CRISIL Mutual Fund Ranking, on completing three years since inception. It is managed by Jinesh Gopani.

 

The ELSS category offers tax benefits to investors, as these funds are eligible for a deduction up to an investment of ₹ 1 lakh under Section 80C of the Income Tax Act.

 

However, investors must also refer to the latest announcements in the Union Budget on February 28, for any changes in tax rules.

 

The fund's quarterly average assets under management (AUM) have grown 1.7 times from ₹ 137 crore in December 2011 to ₹ 369 crore in December 2012. As against this, the category AUM has grown 12 per cent during the same period.

 

Performance The fund has outperformed both its benchmark and category over one, two and three years.

 

Over a longer timeframe of three years, the fund has given annualised return of almost 13 per cent vis- à- vis 6.7 per cent of the category and five per cent of the benchmark (BSE 200).

An investment of ₹ 1,000 in the fund at inception (December 29, 2009) would have appreciated to ₹ 1,446 as on February 18. A similar amount invested in the benchmark and the category would have yielded ₹ 1,100 and ₹ 1,175, respectively, during the same period.

 

A monthly systematic investment plan (SIP) of ₹ 1,000 for a period of three years would grow to around ₹, delivering an annualised return of 10.52 per cent as on February 18, 2013. A similar investment in the benchmark would have grown to ₹ 38,683 ( annualised return of 4.81 per cent).

 

Over a three- year period, the fund has generated higher mean return at a lower risk (volatility) than the category and the benchmark. This is measured by the Sharpe ratio of the fund ( higher the better), which stood at 0.63 vis- àvis the category's 0.14 during the same period. The fund also generated significant excess returns over its benchmark as shown by its Jenson's alpha, which stood at 10.5 per cent compared to the category's two per cent in the same period.

 

Investment objective Axis Long Term Equity Fund intends to generate income and long- term capital appreciation from a portfolio of equity and equity- related securities. The fund can invest up to 20 per cent in debt and money market instruments.

 

The fund intends to invest in companies with strong growth and sustainable business model. It aims to invest flexibly across market capitalisation, industries and sectors.

 

Portfolio analysis The fund has held a concentrated portfolio compared to the category at the stock level. Over the past three years, the fund held an average 41 stocks compared to the category's 48. Its top 10 holdings formed 51 per cent of the portfolio, as against the category's 45 per cent. However, the fund has stuck to the restriction of not investing more than 10 per cent in any company during this period.

 

The fund has dynamically managed its equity allocation. Between February 2010 and September 2010 when the BSE200 Index rose 22 per cent, the fund increased its equity exposure to 92 per cent from 77 per cent. However, during the subsequent bear phase when BSE 200 fell 27 per cent ( between September 2010 and December 2011), the fund maintained an average equity exposure of 89 per cent. Thereafter, the fund maintained an average equity exposure of 95 per cent to capture the returns of BSE 200, which rose 33 per cent ( from December 2011 to January 2013).

Within equities, the fund has 70 per cent of its equity exposure to CRISIL- defined large cap stocks over the past three years. While this shows that the fund has largely invested in large cap stocks, it has dynamically managed its large cap exposure.

 

Between November 2010 and July 2011, this exposure was around 80 per cent. Subsequently, it was reduced to 64 per cent. In the three- year period ended January 2013, the fund is overweight on consumer non- durables, finance, pharmaceuticals and automobile sectors, compared to the benchmark.

 

These sectors contributed to the fund's outperformance, as these have generated returns in excess of nine per cent over the benchmark. Also, being underweight on ferrous metals compared to the benchmark helped restrict the downside, as the sector has given negative return of 15 per cent ( CNX

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

Leave your comment with mail ID and we will answer them

OR

You can write back to us at PrajnaCapital [at] Gmail [dot] Com

---------------------------------------------

Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

  1. ICICI Prudential Tax PlanInvest Online
  2. HDFC TaxSaverInvest Online
  3. DSP BlackRock Tax Saver FundInvest Online
  4. Reliance Tax Saver (ELSS) FundInvest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) FundInvest Online
  7. SBI Magnum Tax Gain Scheme 1993Invest Online
  8. Sundaram Tax SaverInvest Online
  9. Edelweiss ELSS Invest Online

------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFundsInvest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

Popular posts from this blog

Birla SunLife Manufacturing Equity Fund

The Make in India program was launched by Prime Minister Naredra Modi in September 2014 as part of a wider set of nation-building initiatives. It was devised to transform India into a global design and manufacturing hub. The primary motive of the campaign is to encourage multinational as well domestic companies to manufacture their products in India. This would create more job opportunities, bring high-quality standards and attract capital along with technological investment to bring more foreign direct investment (FDI) in the country.   Why India as the next manufacturing destination?   The rising demand in India along with the multinational's desire to diversify their production to include low-cost plants in countries other than China, can help India's manufacturing sector to grow and create millions of jobs. In the words of our Honourable Prime Minister- Mr. Narendra Modi, India offers the 3 'Ds' for business to thrive— democracy,...
Read more

Kisan Vikas Patra - KVP

  Kisan Vikas Patra (KVP) First launched in 1988, the Kisan Vikas Patra (KVP) is one of the premier and popular saving scheme offering from the Indian Postal Department. This product has had a very chequered history- initially successful, deemed a product that could be misused and thus terminated in 2011, followed by a triumphant return to prominence and popular consumption in 2014. The salient features of KVP are as follows- The grand USP- Money invested by the applicant doubles in 100 months (8 years, 4 months). KVPs are available in the following denominations- Rs.1000, Rs.5000, Rs.10,000 and Rs.50,000. The minimum purchase value for the KVP is Rs.1000. There is no maximum limit. KVPs are available at all departmental post offices across India. These certificates can be prematurely encashed after 2 ½ years from the point of issue. KVPs can be transferred from one individual to another and from one post office to another. ----------------------------------------------------- Inve...
Read more

Mutual Fund Review: Reliance Regular Savings Equity

    Despite high churn, Reliance Regular Savings Equity has managed to fetch good returns   In its short history, this one has made its mark. Though its annual and trailing returns are amazing, the fund started off on a lousy note (last two quarters of 2005). It managed to impress in 2006 and was turning out to be pretty average in 2007, till Omprakash Kuckian took over in November 2007 and wasted no time in changing the complexion of the portfolio. Exposure to Construction shot up to 28 per cent with almost 21 per cent cornered by Pratibha Industries and Madhucon Projects . Exposure to Engineering was yanked up (18.50%) while Financial Services lost its prime slot (dropped to 6.69%) and Auto was dumped. That quarter (December 2007), he delivered 54.66 per cent (category average: 25.70%).   When the market collapsed in 2008, thankfully the fund did not plummet abysmally. But even its high cash allocations could not cushion the fall which hovered around the category average. ...
Read more

Mutual Fund Review: HDFC Index Sensex Plus

  In terms of size, HDFC Index Sensex Plus may be one of the smallest offerings from the HDFC stable. But that has not dampened its show, which has beaten the Sensex by a mile in overall returns   HDFC Index Sensex Plus is a passively managed diversified equity scheme with Sensex as its benchmark index. The fund also invests a small proportion of its equity portfolio in non-Sensex scrips. The scheme cannot boast of an impressive size and is one of the smallest in the HDFC basket with assets under management (AUM) of less than 60 crore. PERFORMANCE: Being passively managed and portfolio aligned to that of the benchmark, the performance of the index fund is expected to follow that of the benchmark and in this respect, it has not disappointed investors. Since its launch in July 2002, the fund has outperformed Sensex in overall returns by good margins.    While every 1,000 invested in HDFC Index Sensex Plus in July 2002 is worth 6,130 now, a similar amount invested in Sensex then wo...
Read more

How to generate a UAN Online

Best SIP Funds Online   In order to make Employees' Provident Fund (EPF) accounts portable, the Employees' Provident Fund Organisation (EPFO) had launched the facility of Universal Account Number (UAN ) in 2014. Having a UAN is now mandatory if you have an EPF account and are contributing to it. So far, you got this number from your employer and every time you changed jobs, you had to furnish this number to the new employer.  However, in order to make it easier for you to get a UAN , and without your employer's intervention, the EPFO now allows you to go online and generate a UAN on your own. This facility can be used by freshers, or new employees, who are joining the workforce as well as by employees who have older EPF accounts but do not have a UAN as yet. As a new employee, you can simply generate a UAN and provide the number to your employer at the time of joining, when you need to fill up forms for your EPF contribution. As per a circula...
Read more
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now