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

Mirae Asset Healthcare Fund

Best SIP Funds to Invest Online   Mirae Asset Global Investments (India) has launched Mirae Asset Healthcare Fund. The NFO of the fund will be open from June 11, 2018 to June 25, 2018. Mirae Asset Healthcare Fund is an open-ended equity scheme investing in healthcare and allied sectors. The scheme will invest in Indian equities and equity related securities of companies that are likely to benefit either directly or indirectly from healthcare and allied sectors. The investment strategy of this scheme aims to maintain a concentrated portfolio of 30-40 stocks. Healthcare is a broad secular theme that includes pharma, hospitals, diagnostics, insurance and other allied sectors. The fund will have the flexibility to invest across markets capitalization and style in selecting investment opportunities within this theme. Neelesh Surana and Vrijesh Kasera will manage this fund. In a press release, Swarup Mohanty, CEO, Mirae Asset Global Inves...
Read more

How to Decide your asset allocation with Mutual Funds?

Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India) How to Decide your asset allocation ? The funds that base their equity allocation on market valuation have given stable returns in the past. Pick these if you are a buy-and-forget investor. Small investors are often victims of greed and fear. When markets are rising, greed makes the small investor increase his exposure to stocks. And when stocks crash to low levels, fear makes him redeem his investments. But there are a few funds that avoid this risk by continuously changing the asset mix of their portfolios. Their allocation to equity is not based on the fund manager's outlook for the market, but on its valuations. Our top pick is the Franklin Templeton Dynamic PE Ratio Fund, a fund of funds that divides its corpus between two schemes from the same fund house-the...
Read more

Reliance Regular Savings Fund - Debt Option

Reliance Regular Savings Fund - Invest Online     The scheme aims to generate optimal returns consistent with moderate levels of risk. It will invest atleast 65 per cent of its assets in debt instruments with maturity of more than 1 year and the rest in money market instruments (including cash or call money and reverse repo) and debentures with maturity of less than 1 year. The exposure in government securities will generally not exceed 50 percent of the assets. The fund uses a mix of relatively low portfolio duration with active investments in higher-yielding corporate bonds. It does not take aggressive duration calls but tries to improve returns by cherry-picking corporate bonds. This is reflected in the fund's returns matching the category and benchmark for five years - at 8.4 per cent - but lagging behind the category during a raging bull market in bonds in the last one year. The fund has been a consistent but not chart-topping performer in the income category. Despite its ...
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

Income Tax Basics for beginners

Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300   Tax is a compulsory payment made to the Government, but there are ways to optimise it   Income tax is an instrument used by the government to achieve its social and economic objectives. Simply put, tax is duty or tariff that income earning individuals pay to the Government in exchange of certain benefits such as law and order, healthcare, education and a lot more. With proper planning, your tax liability can be reduced and optimised effectively, leaving you with a greater share of your income in your hands than being paid out as tax. Income earned in the twelve months contained in the period from 1st April to 31st March (Financial Year) is taken into account when calculating income tax. Under the Income Tax Act this period is called the previous year.   ...
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