Axis Long Term Equity Fund

 

Invest in Axis Long Term Equity Fund Online

 

If you are falling short of your investments under Section 80C and are looking for last minute investments in ELSS schemes, consider Axis Long Term Equity Fund. The fund manager's strategy to buy quality stocks with growth has paid off, enabling the fund to outperform its benchmark every year since its launch. Due to this, the six-year-old fund has grown fast to become the largest fund in the ELSS category. For the last five years, the fund has given 19.37% annualised return, way ahead of its benchmark S&P BSE 200 which has given 7.17% returns. It has also outperformed its benchmark and peers in most bull runs -be it 2010, 2013 or 2014.In the past six months, the fund manager has bought Coffee Day Enterprises and Mindtree and increased allocation to Maruti Suzuki and Motherson Sumi, while exiting Specialty Restaurants.

The scheme is managed by Jinesh Gopani since its inception in 2009. It is a typically large cap-oriented fund with about 60-70% allocation to large caps and about 30-40% to mid-cap stocks, and negligible exposure to small-cap stocks.

Since the fund has a lock-in period of three years and is longterm oriented, the fund manager avoids exposure to cyclicals and regulated sectors. Stocks like PI Industries, Gruh Finance, Eicher Motors and Wabco India have spruced up returns for the fund

 

 

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Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saving Mutual Funds to invest in India for 2016

Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

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