Axis Long Term Equity Fund

Investment philosophy or strategy

Axis Long Term Equity Fund's investment objective of the Scheme is to generate income and long-term capital appreciation from a diversified portfolio of equity and equity-related Securities. The Fund will invest strong growth companies with sustainable business models. Though the benchmark is BSE-200, the investments will not be limited to the companies constituting the benchmark. The Fund will have the flexibility to invest across Large, mid and small cap companies, and across industries or sectors. The companies are individually researched and selected only when the fund management team is satisfied.

Portfolio - Sector / Top 10 holdings

Expert view of the fund + outlook

Axis Long Term Equity Fund scheme aims to generate regular long term capital growth from a diversified equity and equity related securities. The scheme follows a top-down approach of equity selection. This scheme is ideal for saving on the tax outgo, for funding your child's education and marriage and to plan for your retirement. This scheme is however not suitable for creating wealth, to meet short term and lifestyle needs. Another important thing that is to be considered is that it is locked in for 3 years. You can withdraw freely only after that period. The returns on this fund is tax free provided that you do not withdraw within 1 year. You can invest up to Rs.1 lakh a year in this fund and deduct the amount from your gross total income while computing your income tax. If you are a new investor skip this scheme for a better ELSS.

How to Apply - Online + Distributors

You can buy the Axis Long Term Equity Fund through both the online and offline platforms.

For applying through the online platform, visit the Axis Mutual Fund webpage. You will be required to accept the terms and conditions and then move on to filling up the application form. You can then register yourself to avail more benefits and then finally you can make payments using internet banking. This process should not take you more than 7 minutes and you can do it within the comforts of your house.

In order to apply offline, you will have to physically approach the Axis Asset Management branch and submit your KYC form, after which you will have to fill up the application forms and then submit it at the respective counter. When you approach the bank, you can meet with the executive in charge and find out more about the scheme that you are applying for and then take an informed decision on which scheme that would best suit your needs.

GST rate of 18% applicable for all financial services effective July 1, 2017.