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Axis Long Term Equity Fund Direct Growth
EquityELSS (Tax Savings)Very High Risk
Direct
NAV (14-Nov-24)
₹102.350.10%1D
Returns (Since Inception)
17.62%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹39,253 Cr
Expense Ratio
0.79%
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, 10 months and 15 days, having been launched on 01-Jan-13.
As of 14-Nov-24, it has a Net Asset Value (NAV) of ₹102.35, Assets Under Management (AUM) of 39252.74 Crores, and an expense ratio of 0.79%.
As of 14-Nov-24, it has a Net Asset Value (NAV) of ₹102.35, Assets Under Management (AUM) of 39252.74 Crores, and an expense ratio of 0.79%.
- Axis Long Term Equity Fund Direct Growth has given a CAGR return of 17.62% since inception.
- The fund's asset allocation comprises around 97.45% in equities, 0.00% in debts, and 2.55% 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
+26.10%
+29.65% (Cat Avg.)
3 Years
+6.24%
+14.13% (Cat Avg.)
5 Years
+14.10%
+19.33% (Cat Avg.)
10 Years
+13.64%
+13.92% (Cat Avg.)
Since Inception
+17.62%
— (Cat Avg.)
Portfolio Summaryas of 30th September 2024
| Equity | ₹38,251.4 Cr | 97.45% |
| Others | ₹1,001.34 Cr | 2.55% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹2,380.68 Cr | 6.07% |
| Torrent Power Ltd | Equity | ₹2,091.12 Cr | 5.33% |
| Bajaj Finance Ltd | Equity | ₹1,710.79 Cr | 4.36% |
| Tata Consultancy Services Ltd | Equity | ₹1,496.63 Cr | 3.81% |
| Avenue Supermarts Ltd | Equity | ₹1,313.61 Cr | 3.35% |
| Bharti Airtel Ltd | Equity | ₹1,299.37 Cr | 3.31% |
| ICICI Bank Ltd | Equity | ₹1,298.52 Cr | 3.31% |
| Divi's Laboratories Ltd | Equity | ₹1,079.16 Cr | 2.75% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹885.06 Cr | 2.25% |
| Mahindra & Mahindra Ltd | Equity | ₹857.52 Cr | 2.18% |
| Infosys Ltd | Equity | ₹851.91 Cr | 2.17% |
| Pidilite Industries Ltd | Equity | ₹847.99 Cr | 2.16% |
| Zomato Ltd | Equity | ₹803.64 Cr | 2.05% |
| PI Industries Ltd | Equity | ₹802.09 Cr | 2.04% |
| Nestle India Ltd | Equity | ₹779.5 Cr | 1.99% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹775.32 Cr | 1.98% |
| Bajaj Auto Ltd | Equity | ₹760.78 Cr | 1.94% |
| Larsen & Toubro Ltd | Equity | ₹748.8 Cr | 1.91% |
| CG Power & Industrial Solutions Ltd | Equity | ₹732.77 Cr | 1.87% |
| Info Edge (India) Ltd | Equity | ₹647.47 Cr | 1.65% |
| Indian Hotels Co Ltd | Equity | ₹645.11 Cr | 1.64% |
| UltraTech Cement Ltd | Equity | ₹621.12 Cr | 1.58% |
| Tata Motors Ltd | Equity | ₹599.5 Cr | 1.53% |
| Clearing Corporation Of India Ltd | Cash - Repurchase Agreement | ₹589.13 Cr | 1.50% |
| Astral Ltd | Equity | ₹587.48 Cr | 1.50% |
| Reliance Industries Ltd | Equity | ₹581.99 Cr | 1.48% |
| Sona BLW Precision Forgings Ltd | Equity | ₹580.35 Cr | 1.48% |
| InterGlobe Aviation Ltd | Equity | ₹571.3 Cr | 1.46% |
| Kotak Mahindra Bank Ltd | Equity | ₹546.77 Cr | 1.39% |
| Sundaram Finance Ltd | Equity | ₹512.25 Cr | 1.30% |
| TVS Motor Co Ltd | Equity | ₹458.81 Cr | 1.17% |
| State Bank of India | Equity | ₹436.41 Cr | 1.11% |
| Net Receivables / (Payables) | Cash | ₹412.21 Cr | 1.05% |
| The Federal Bank Ltd | Equity | ₹365.99 Cr | 0.93% |
| Cummins India Ltd | Equity | ₹365.04 Cr | 0.93% |
| Lupin Ltd | Equity | ₹363.51 Cr | 0.93% |
| Persistent Systems Ltd | Equity | ₹329.18 Cr | 0.84% |
| Apollo Hospitals Enterprise Ltd | Equity | ₹319.73 Cr | 0.81% |
| PB Fintech Ltd | Equity | ₹311.83 Cr | 0.79% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹306.94 Cr | 0.78% |
| Mankind Pharma Ltd | Equity | ₹297.38 Cr | 0.76% |
| HDFC Life Insurance Co Ltd | Equity | ₹292 Cr | 0.74% |
| SBI Life Insurance Co Ltd | Equity | ₹279.86 Cr | 0.71% |
| Tech Mahindra Ltd | Equity | ₹275.92 Cr | 0.70% |
| Multi Commodity Exchange of India Ltd | Equity | ₹275.14 Cr | 0.70% |
| Cipla Ltd | Equity | ₹265.82 Cr | 0.68% |
| United Spirits Ltd | Equity | ₹264.87 Cr | 0.67% |
| ICICI Prudential Life Insurance Co Ltd | Equity | ₹260.37 Cr | 0.66% |
| Fortis Healthcare Ltd | Equity | ₹246.27 Cr | 0.63% |
| REC Ltd | Equity | ₹226.96 Cr | 0.58% |
| Max Healthcare Institute Ltd Ordinary Shares | Equity | ₹225.94 Cr | 0.58% |
| Bharat Electronics Ltd | Equity | ₹222.17 Cr | 0.57% |
| Hindustan Unilever Ltd | Equity | ₹217.9 Cr | 0.56% |
| Oil India Ltd | Equity | ₹204.36 Cr | 0.52% |
| Apar Industries Ltd | Equity | ₹203.69 Cr | 0.52% |
| Tata Steel Ltd | Equity | ₹201.33 Cr | 0.51% |
| Crompton Greaves Consumer Electricals Ltd | Equity | ₹185.94 Cr | 0.47% |
| Schaeffler India Ltd | Equity | ₹180.88 Cr | 0.46% |
| Varun Beverages Ltd | Equity | ₹180.41 Cr | 0.46% |
| Bajaj Finserv Ltd | Equity | ₹180.39 Cr | 0.46% |
| Aditya Birla Real Estate Ltd | Equity | ₹179.18 Cr | 0.46% |
| Prestige Estates Projects Ltd | Equity | ₹174.18 Cr | 0.44% |
| Karur Vysya Bank Ltd | Equity | ₹171.96 Cr | 0.44% |
| NTPC Ltd | Equity | ₹168.55 Cr | 0.43% |
| Titan Co Ltd | Equity | ₹163.99 Cr | 0.42% |
| Havells India Ltd | Equity | ₹159.89 Cr | 0.41% |
| Power Grid Corp Of India Ltd | Equity | ₹153.68 Cr | 0.39% |
| Dabur India Ltd | Equity | ₹153.19 Cr | 0.39% |
| Trent Ltd | Equity | ₹151.49 Cr | 0.39% |
| Godrej Properties Ltd | Equity | ₹145.99 Cr | 0.37% |
| Samvardhana Motherson International Ltd | Equity | ₹124.53 Cr | 0.32% |
| Clean Science and Technology Ltd | Equity | ₹117.9 Cr | 0.30% |
| Britannia Industries Ltd | Equity | ₹107.25 Cr | 0.27% |
| Godrej Consumer Products Ltd | Equity | ₹104.98 Cr | 0.27% |
| KEI Industries Ltd | Equity | ₹104.93 Cr | 0.27% |
| Phoenix Mills Ltd | Equity | ₹98.56 Cr | 0.25% |
| Coromandel International Ltd | Equity | ₹96.98 Cr | 0.25% |
| Navin Fluorine International Ltd | Equity | ₹93.62 Cr | 0.24% |
| Tata Elxsi Ltd | Equity | ₹92.83 Cr | 0.24% |
| Godrej Agrovet Ltd Ordinary Shares | Equity | ₹76.44 Cr | 0.19% |
| Hindalco Industries Ltd | Equity | ₹72.28 Cr | 0.18% |
| MAS Financial Services Ltd Ordinary Shares | Equity | ₹72.13 Cr | 0.18% |
| Bajaj Housing Finance Ltd | Equity | ₹54.53 Cr | 0.14% |
| Dixon Technologies (India) Ltd | Equity | ₹29.45 Cr | 0.08% |
| Power Finance Corp Ltd | Equity | ₹29.28 Cr | 0.07% |
Allocation By Market Cap (Equity)
Large Cap Stocks
67.05%
Mid Cap Stocks
27.27%
Small Cap Stocks
2.99%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹10,597.84 Cr | 27.00% |
| Consumer Cyclical | ₹5,512.54 Cr | 14.04% |
| Industrials | ₹3,696.07 Cr | 9.42% |
| Healthcare | ₹3,573.13 Cr | 9.10% |
| Consumer Defensive | ₹3,198.16 Cr | 8.15% |
| Technology | ₹3,075.91 Cr | 7.84% |
| Basic Materials | ₹3,032.48 Cr | 7.73% |
| Utilities | ₹2,413.35 Cr | 6.15% |
| Communication Services | ₹1,946.84 Cr | 4.96% |
| Energy | ₹786.35 Cr | 2.00% |
| Real Estate | ₹418.74 Cr | 1.07% |
Risk & Performance Ratios
Standard Deviation
This fund
15.77%
Cat. avg.
13.29%
Lower the better
Sharpe Ratio
This fund
0.21
Cat. avg.
0.78
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.39
Higher the better
Fund Managers
SD
Shreyash Devalkar
Since August 2023
Ashish Naik
Since August 2023
Additional Scheme Detailsas of 30th September 2024
ISIN INF846K01EW2 | Expense Ratio 0.79% | Exit Load No Charges | Fund Size ₹39,253 Cr | Age 11 years 10 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% | ₹4925.84 Cr | 31.0% |
| Tata India Tax Savings Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹4925.84 Cr | 29.5% |
| Axis Long Term Equity Fund Regular Growth Very High Risk | 1.5% | 0.0% | ₹39252.74 Cr | 25.2% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹4273.94 Cr | 29.7% |
| Parag Parikh Tax Saver Fund Regular Growth Very High Risk | 1.7% | 0.0% | ₹4273.94 Cr | 28.3% |
| Shriram Long Term Equity Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹57.19 Cr | 25.4% |
| Shriram Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹57.19 Cr | 23.4% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹411.63 Cr | 35.1% |
| ITI Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹411.63 Cr | 32.7% |
| Sundaram Diversified Equity Regular Growth Very High Risk | 2.2% | 0.0% | ₹1559.54 Cr | 20.3% |
About the AMC
Axis Mutual Fund
Total AUM
₹3,29,913 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 14-Nov-2024, is ₹102.35.
What are the returns of Axis Long Term Equity Fund Direct Growth?
The fund has generated 26.10% over the last 1 year and 6.24% 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 97.45% in equities, 0.00% in bonds, and 2.55% 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.