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Axis Long Term Equity Fund Direct Growth
EquityELSS (Tax Savings)Very High Risk
Direct
NAV (17-Dec-24)
₹107.64-1.01%1D
Returns (Since Inception)
17.97%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹36,373 Cr
Expense Ratio
0.80%
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, 11 months and 17 days, having been launched on 01-Jan-13.
As of 17-Dec-24, it has a Net Asset Value (NAV) of ₹107.64, Assets Under Management (AUM) of 36373.17 Crores, and an expense ratio of 0.8%.
As of 17-Dec-24, it has a Net Asset Value (NAV) of ₹107.64, Assets Under Management (AUM) of 36373.17 Crores, and an expense ratio of 0.8%.
- Axis Long Term Equity Fund Direct Growth has given a CAGR return of 17.97% since inception.
- The fund's asset allocation comprises around 95.71% in equities, 0.00% in debts, and 4.29% 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
+23.09%
+25.90% (Cat Avg.)
3 Years
+10.55%
+18.27% (Cat Avg.)
5 Years
+15.30%
+20.69% (Cat Avg.)
10 Years
+14.42%
+14.88% (Cat Avg.)
Since Inception
+17.97%
— (Cat Avg.)
Portfolio Summaryas of 30th November 2024
| Equity | ₹34,813.9 Cr | 95.71% |
| Others | ₹1,559.27 Cr | 4.29% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹2,569.63 Cr | 7.06% |
| ICICI Bank Ltd | Equity | ₹1,552.77 Cr | 4.27% |
| Torrent Power Ltd | Equity | ₹1,547.69 Cr | 4.26% |
| Tata Consultancy Services Ltd | Equity | ₹1,457.27 Cr | 4.01% |
| Bajaj Finance Ltd | Equity | ₹1,431.77 Cr | 3.94% |
| Bharti Airtel Ltd | Equity | ₹1,366.39 Cr | 3.76% |
| Clearing Corporation Of India Ltd | Cash - Repurchase Agreement | ₹1,294.5 Cr | 3.56% |
| Zomato Ltd | Equity | ₹970.57 Cr | 2.67% |
| Divi's Laboratories Ltd | Equity | ₹962.33 Cr | 2.65% |
| Infosys Ltd | Equity | ₹917.82 Cr | 2.52% |
| Mahindra & Mahindra Ltd | Equity | ₹886.44 Cr | 2.44% |
| Avenue Supermarts Ltd | Equity | ₹787.44 Cr | 2.16% |
| Pidilite Industries Ltd | Equity | ₹773.98 Cr | 2.13% |
| Larsen & Toubro Ltd | Equity | ₹741.28 Cr | 2.04% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹716.65 Cr | 1.97% |
| CG Power & Industrial Solutions Ltd | Equity | ₹706.89 Cr | 1.94% |
| PI Industries Ltd | Equity | ₹700.4 Cr | 1.93% |
| UltraTech Cement Ltd | Equity | ₹663.48 Cr | 1.82% |
| Info Edge (India) Ltd | Equity | ₹659.82 Cr | 1.81% |
| Kotak Mahindra Bank Ltd | Equity | ₹630.95 Cr | 1.73% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹626.58 Cr | 1.72% |
| Indian Hotels Co Ltd | Equity | ₹575.43 Cr | 1.58% |
| Bajaj Auto Ltd | Equity | ₹556.67 Cr | 1.53% |
| InterGlobe Aviation Ltd | Equity | ₹554.32 Cr | 1.52% |
| State Bank of India | Equity | ₹501.14 Cr | 1.38% |
| Sona BLW Precision Forgings Ltd | Equity | ₹458.31 Cr | 1.26% |
| Nestle India Ltd | Equity | ₹457.13 Cr | 1.26% |
| TVS Motor Co Ltd | Equity | ₹447.02 Cr | 1.23% |
| The Federal Bank Ltd | Equity | ₹392.13 Cr | 1.08% |
| Sundaram Finance Ltd | Equity | ₹381.85 Cr | 1.05% |
| Astral Ltd | Equity | ₹370.4 Cr | 1.02% |
| PB Fintech Ltd | Equity | ₹364.57 Cr | 1.00% |
| Persistent Systems Ltd | Equity | ₹356.67 Cr | 0.98% |
| Reliance Industries Ltd | Equity | ₹355.3 Cr | 0.98% |
| Lupin Ltd | Equity | ₹340.23 Cr | 0.94% |
| Cummins India Ltd | Equity | ₹334.12 Cr | 0.92% |
| HDFC Life Insurance Co Ltd | Equity | ₹310.92 Cr | 0.85% |
| Apollo Hospitals Enterprise Ltd | Equity | ₹307.8 Cr | 0.85% |
| Cipla Ltd | Equity | ₹305.07 Cr | 0.84% |
| Mankind Pharma Ltd | Equity | ₹302.16 Cr | 0.83% |
| United Spirits Ltd | Equity | ₹292.97 Cr | 0.81% |
| Net Receivables / (Payables) | Cash | ₹264.77 Cr | 0.73% |
| Fortis Healthcare Ltd | Equity | ₹263.93 Cr | 0.73% |
| Varun Beverages Ltd | Equity | ₹249.59 Cr | 0.69% |
| Bharat Electronics Ltd | Equity | ₹240.02 Cr | 0.66% |
| Multi Commodity Exchange of India Ltd | Equity | ₹237.13 Cr | 0.65% |
| ICICI Prudential Life Insurance Co Ltd | Equity | ₹233.5 Cr | 0.64% |
| Trent Ltd | Equity | ₹232.44 Cr | 0.64% |
| Max Healthcare Institute Ltd Ordinary Shares | Equity | ₹224.57 Cr | 0.62% |
| REC Ltd | Equity | ₹217.99 Cr | 0.60% |
| Apar Industries Ltd | Equity | ₹215.93 Cr | 0.59% |
| Tech Mahindra Ltd | Equity | ₹213.94 Cr | 0.59% |
| SBI Life Insurance Co Ltd | Equity | ₹207.67 Cr | 0.57% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹205.07 Cr | 0.56% |
| Karur Vysya Bank Ltd | Equity | ₹189.59 Cr | 0.52% |
| Hyundai Motor India Ltd | Equity | ₹184.54 Cr | 0.51% |
| Hindustan Unilever Ltd | Equity | ₹183.86 Cr | 0.51% |
| Crompton Greaves Consumer Electricals Ltd | Equity | ₹183.01 Cr | 0.50% |
| Tata Steel Ltd | Equity | ₹172.65 Cr | 0.47% |
| Tata Motors Ltd | Equity | ₹172.22 Cr | 0.47% |
| Schaeffler India Ltd | Equity | ₹165.65 Cr | 0.46% |
| Dixon Technologies (India) Ltd | Equity | ₹163.21 Cr | 0.45% |
| Prestige Estates Projects Ltd | Equity | ₹155.8 Cr | 0.43% |
| Titan Co Ltd | Equity | ₹139.34 Cr | 0.38% |
| Godrej Properties Ltd | Equity | ₹128.22 Cr | 0.35% |
| Eicher Motors Ltd | Equity | ₹122.31 Cr | 0.34% |
| Havells India Ltd | Equity | ₹117.11 Cr | 0.32% |
| Aditya Birla Real Estate Ltd | Equity | ₹106.29 Cr | 0.29% |
| KEI Industries Ltd | Equity | ₹105.32 Cr | 0.29% |
| Coromandel International Ltd | Equity | ₹103.6 Cr | 0.28% |
| Samvardhana Motherson International Ltd | Equity | ₹100.62 Cr | 0.28% |
| Clean Science and Technology Ltd | Equity | ₹96.04 Cr | 0.26% |
| Navin Fluorine International Ltd | Equity | ₹95.43 Cr | 0.26% |
| Godrej Consumer Products Ltd | Equity | ₹93.78 Cr | 0.26% |
| Siemens Ltd | Equity | ₹92.89 Cr | 0.26% |
| Hindalco Industries Ltd | Equity | ₹92.72 Cr | 0.25% |
| Phoenix Mills Ltd | Equity | ₹88.45 Cr | 0.24% |
| Britannia Industries Ltd | Equity | ₹87.9 Cr | 0.24% |
| Godrej Agrovet Ltd Ordinary Shares | Equity | ₹75.31 Cr | 0.21% |
| Tata Elxsi Ltd | Equity | ₹73.33 Cr | 0.20% |
| MAS Financial Services Ltd Ordinary Shares | Equity | ₹65.56 Cr | 0.18% |
| Jyoti CNC Automation Ltd | Equity | ₹30.51 Cr | 0.08% |
| Power Finance Corp Ltd | Equity | ₹29.72 Cr | 0.08% |
| Bajaj Housing Finance Ltd | Equity | ₹22.81 Cr | 0.06% |
Allocation By Market Cap (Equity)
Large Cap Stocks
66.57%
Mid Cap Stocks
25.61%
Small Cap Stocks
2.97%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹10,171.35 Cr | 27.96% |
| Consumer Cyclical | ₹5,194.57 Cr | 14.28% |
| Industrials | ₹3,508.77 Cr | 9.65% |
| Healthcare | ₹3,422.73 Cr | 9.41% |
| Technology | ₹3,182.25 Cr | 8.75% |
| Basic Materials | ₹2,804.59 Cr | 7.71% |
| Consumer Defensive | ₹2,227.97 Cr | 6.13% |
| Communication Services | ₹2,026.21 Cr | 5.57% |
| Utilities | ₹1,547.69 Cr | 4.25% |
| Real Estate | ₹372.47 Cr | 1.02% |
| Energy | ₹355.3 Cr | 0.98% |
Risk & Performance Ratios
Standard Deviation
This fund
15.68%
Cat. avg.
13.07%
Lower the better
Sharpe Ratio
This fund
0.25
Cat. avg.
0.87
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.57
Higher the better
Fund Managers
SD
Shreyash Devalkar
Since August 2023
Ashish Naik
Since August 2023
Additional Scheme Detailsas of 30th November 2024
ISIN INF846K01EW2 | Expense Ratio 0.80% | Exit Load No Charges | Fund Size ₹36,373 Cr | Age 11 years 11 months | 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
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only 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% | ₹4662.92 Cr | 25.1% |
| Tata India Tax Savings Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹4662.92 Cr | 23.7% |
| Axis Long Term Equity Fund Regular Growth Very High Risk | 1.5% | 0.0% | ₹36373.17 Cr | 22.2% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹4385.16 Cr | 23.8% |
| Parag Parikh Tax Saver Fund Regular Growth Very High Risk | 1.7% | 0.0% | ₹4385.16 Cr | 22.4% |
| Shriram Long Term Equity Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹53.51 Cr | 21.8% |
| Shriram Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹53.51 Cr | 19.8% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹398.64 Cr | 30.2% |
| ITI Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹398.64 Cr | 27.8% |
| Sundaram Diversified Equity Regular Growth Very High Risk | 2.2% | 0.0% | ₹1558.02 Cr | 15.9% |
About the AMC
Axis Mutual Fund
Total AUM
₹3,16,718 Cr
Address
Axis House, 1st Floor, C-2, Wadia International Centre, Mumbai, 400 025
Other Funds by Axis Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
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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 17-Dec-2024, is ₹107.64.
What are the returns of Axis Long Term Equity Fund Direct Growth?
The fund has generated 23.09% over the last 1 year and 10.55% 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 95.71% in equities, 0.00% in bonds, and 4.29% 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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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.