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Axis Equity Saver Fund(G)-Direct Plan

Axis Equity Saver Fund(G)-Direct Plan
Dividend Yearly
NA
Category
Equity - Others
52-week NAV high
13.43  (As on 16-04-2019)
52-week NAV low
12.31  (As on 23-10-2018)
Expense
1.24%  (As on 31-03-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns 1.44 4.19 7.10 8.22 9.41 10.12 - - -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Aug 14, 2015
Last Dividend
NA
Minimum Investment
5000

The Axis Equity Saver Fund - Direct Plan - Growth is an open-ended equity scheme offered by Axis Mutual Fund and managed by Axis Asset Management Company Limited. The trustee company of Axis Mutual Fund is Axis Mutual Fund Trustee Limited. The Axis Equity Saver Fund - Direct Plan - Growth comes with a moderately high risk factor, making it an ideal investment option for those who want capital growth over the medium to long term.

Investment Objective of the Axis Equity Saver Fund - Direct Plan - Growth

The investment objective of the Axis Equity Saver Fund - Direct Plan - Growth is to provide capital growth to investors and at the same time, generate income between the medium and long term. The scheme aims at providing income distribution and capital appreciation through investment in equity and equity-related securities and arbitrage opportunities as well as in money market and debt securities.

Key Features of the Axis Equity Saver Fund - Direct Plan - Growth

Some of the significant features of the Axis Equity Saver Fund - Direct Plan - Growth are as indicated in the table below:

Type of fund

Open-ended equity scheme

Plans available

  • Regular Plan
  • Direct Plan

Options under each plan

Both the Regular Plan and the Direct Plan come with the following options:

  • Growth option
  • Dividend option

The Dividend option comes with the following sub-options:

  • Payout (Quarterly and Monthly Dividend frequency)
  • Reinvestment (Quarterly and Monthly Dividend frequency)

Risk

Moderately High

Systematic Investment Plan

Available

Systematic Transfer Plan

Available

Systematic Withdrawal Plan

Available

Investment Amount for the Axis Equity Saver Fund - Direct Plan - Growth

Here is the information regarding the investment amounts and loads:

Minimum application amount

Rs.5,000 and in multiples of Re.1 thereafter

Minimum additional investment

Rs.100 and in multiples of Re.1 thereafter

Minimum instalment for Systematic Investment Plan (SIP)

  • For Monthly SIP: Rs.1,000 and in multiples of Re.1 (minimum of 12 instalments)
  • For Yearly SIP: Rs.12,000 and in multiples of Re.1 (minimum of three instalments)

Entry Load

Not Applicable

Exit Load

  • In case up to 10% of the units are redeemed or switched-out within a year from the date of allotment, there will be no exit load
  • In case more than 10% of the units are redeemed or switched-out within a year from the date of allotment, 1% of the applicable NAV shall be charged as exit load
  • In case units are redeemed or switched-out after the completion of a year from the date of allotment, there will be no exit load

Asset Allocation for the Axis Equity Saver Fund - Direct Plan - Growth

Instruments

Allocations (Percentage of total assets)

Risk Profile

Equity and equity-related instruments

  • Equities and equity-related securities (unhedged)
  • Equities, equity-related securities and derivatives including stock futures, stock options, index options, and index futures, etc. as part of arbitrage / hedged exposure

65% to 80%

  • 20% to 45%
  • 20% to 60%

High

  • High
  • Medium to High

Money market and debt securities

20% to 35%

Low to Medium

NAV Disclosure and Benchmark for Axis Equity Saver Fund - Direct Plan - Growth

The NAV of the Axis Equity Saver Fund - Direct Plan - Growth shall be calculated on every business day by the Asset Management Company and it will be published in a minimum of two national dailies that are circulated across the country. The Asset Management Company shall also update the Net Asset Value of the Axis Equity Saver Fund - Direct Plan - Growth on its website as well as the website of the Association of Mutual Funds in India by 9:00 p.m. on each business day.

The benchmark adopted by Axis Dynamic Bond Fund - Growth Option is CRISIL MIP Blended Fund Index.

Axis Dynamic Bond Fund - Growth Option Fund Manager

The Axis Equity Saver Fund - Direct Plan - Growth is managed by Mr. R. Sivakumar and Mr. Jinesh Gopani. While Mr. Sivakumar is the Head of Fixed Income and Products at Axis Asset Management Company Ltd., Mr. Gopani is the Fund Manager of Equity at the Asset Management Company. Both fund managers have been managing the Axis Equity Saver Fund - Direct Plan - Growth for less than a year now, but they do manage a number of other schemes for Axis Mutual Fund, such as Axis Capital Protection Oriented Fund, Axis Triple Advantage Fund, Axis Children’s Gift Fund, Axis Long Term Equity Fund, Axis Focused 25 Fund, etc.

Why you should Invest in the Axis Equity Saver Fund - Direct Plan - Growth

The Axis Equity Saver Fund - Direct Plan - Growth is a good investment option for those who want capital growth as well as income between the medium and long term through investment primarily in equity and equity-related securities and arbitrage opportunities, and partly in money market and debt securities.

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Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

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