Axis Long Term Equity Fund Direct Growth Nav Chart
Introduction
Axis Long Term Equity Fund Direct Growth is a mutual fund scheme that aims to provide long-term capital appreciation to its investors by investing in equity and equity-related securities of companies across various sectors and market capitalization. The scheme is managed by Axis Asset Management Company Limited, which is a subsidiary of Axis Bank Limited.
Nav Chart
The Net Asset Value(NAV) of Axis Long Term Equity Fund Direct Growth is an important factor to consider before investing in the scheme. The NAV chart of the scheme shows the performance of the scheme over a period of time, which helps investors to make an informed decision about investing in the scheme.
The NAV chart of Axis Long Term Equity Fund Direct Growth shows that the scheme has delivered consistent returns over the years. The scheme has outperformed its benchmark, which is S&P BSE 200, by a significant margin over the long-term. The NAV of the scheme has increased from Rs. 10 at the time of inception to Rs. 72.03 as of 31st May 2021.
Performance
The performance of Axis Long Term Equity Fund Direct Growth has been impressive over the years. The scheme has consistently delivered higher returns than its benchmark and peers. The scheme has generated a return of 18.23% over the last 5 years, which is higher than the benchmark return of 12.63%. The scheme has also outperformed its peers in the ELSS category.
The scheme has a diversified portfolio with investments across various sectors and market capitalization. The top holdings of the scheme include companies like HDFC Bank, Kotak Mahindra Bank, ICICI Bank, Reliance Industries, and Infosys. The scheme also holds a significant exposure to the healthcare and technology sectors.
Investment Strategy
The investment strategy of Axis Long Term Equity Fund Direct Growth is focused on investing in high-quality companies with a strong growth potential. The fund manager follows a bottom-up approach while selecting stocks for the portfolio. The fund manager also focuses on companies with a sustainable business model, strong management, and competitive advantage in their respective sectors.
The scheme also follows a disciplined approach towards portfolio construction and risk management. The scheme has a well-diversified portfolio with investments across various sectors and market capitalization. The scheme also has a low portfolio turnover ratio, which indicates that the fund manager follows a long-term investment approach.
Tax Benefits
Axis Long Term Equity Fund Direct Growth is a type of Equity-Linked Saving Scheme(ELSS), which offers tax benefits to investors under Section 80C of the Income Tax Act. Investors can claim a deduction of up to Rs. 1.5 lakh per annum on their taxable income by investing in ELSS schemes. The investment in ELSS schemes also comes with a lock-in period of 3 years, which ensures that the investors stay invested in the scheme for the long-term.
Conclusion
Axis Long Term Equity Fund Direct Growth is a well-managed mutual fund scheme that aims to provide long-term capital appreciation to its investors. The scheme has consistently delivered higher returns than its benchmark and peers over the years. The scheme has a diversified portfolio with investments across various sectors and market capitalization. The scheme also offers tax benefits to investors under Section 80C of the Income Tax Act. Overall, Axis Long Term Equity Fund Direct Growth is a good investment option for investors who are looking for long-term wealth creation.