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4 days ago · Long term capital gain tax will be applicable when you sell your investments after 3 years. Current tax rate is 12.5%, if your total long term capital gain exceeds 1.25 lakhs in a financial year.
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Axis Long Term Equity Fund is a Equity - ELSS fund launched on 29 Dec 09. It is a fund with Moderately High risk and has given a CAGR return of 17% since its launch. Ranked 20 in ELSS category. Return for 2023 was 22% , 2022 was -12% and 2021 was 24.5% . Below is the key information for Axis Long Term Equity Fund. Invest Now. NAV Price Chart.
- 29 Dec 2009
- Equity-ELSS
- ☆☆☆
A fund that invests in quality businesses for long term earnings growth and tax benefit under section 80C. See fund performance, portfolio allocation, top stocks, fund manager views and more.
Learn about the benefits, features and performance of Axis Long Term Equity Fund, an open ended equity linked saving scheme with a 3 year lock-in and tax benefit. See the current portfolio allocation, risk parameters and portfolio changes of the fund as on 26th February 2021.
- What Are Equity Linked Savings Schemes?
- About The Scheme
- Rolling Returns
- Sip Returns
- Performance Versus PPF
- Why Axis Long Term Equity Fund?
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Equity Linked Savings Schemes are mutual fund schemes which qualify for tax savings under Section 80C of Income Tax Act, 1961. You can claim up to Rs 1.5 lakhs deduction from your taxable income by investing in ELSS. ELSS investments have a lock-in period of 3 years. If you are investing in ELSS through Systematic Investment Plans, each SIP install...
Axis Long Term Equity Fund was launched 12 years ago in December 2009. The scheme is an ELSS fund and qualified for deductions u/s 80C of The Income Tax Act 1961. It is one of the most popular tax saver mutual funds with Rs 33,529.42 Crores of Assets under Management (AUM), as on 30thNovember 2021. The expense ratio of the scheme is 1.58%. Jinesh G...
Regular Advisorkhoj readers know that we give great importance to rolling returns as anunbiased measure of fund performance. A fund may outperform or underperform versus its benchmark index depending on the market conditions and stock selection strategy of the fund manager. But rolling returns show the performance of the fund across different marke...
The chart below shows the growth of Rs 10,000 monthly SIP investment in Axis Long Term Equity Fund (Growth Option) versus itsbenchmark index over the last 10 years. With a cumulative investment of Rs 12 lakhs you could have accumulated a corpus of Rs 33.1 lakhs. The annualized SIP returns (XIRR) over the last 10 years was 19.3% Source: Advisorkhoj ...
The chart below shows the growth of Rs 10,000 monthly SIP investment in Axis Long Term Equity Fund (Growth Option) versus Public Provident Fund (PPF) over the last 10 years. You can see that in terms of long term returns Axis Long Term Equity Fund has outperformed PPF in terms of wealth creation. However, investors should understand that, Axis Long...
Save up to Rs 46,800 in taxes (including Cess) by investing Rs 150,000 in the fund.ELSS is the most liquid investment option under Section 80C of Income Tax Act 1961.Long term capital gains of up to Rs 100,000 is tax exempt and taxed at 10% thereafter.Lock-in period of the 3 years provides higher liquidity compared to other 80C investment options like PPF, NSC, life insurance plans etc.Learn how Axis Long Term Equity Fund has performed as an ELSS scheme over the last 10 years and compare it with other investment options. See the returns, consistency, risk and tax benefits of this fund.
An open ended equity linked savings scheme with a 3 year lock in and tax benefit. The fund invests in quality businesses across market cap and aims to deliver steady and consistent returns for investors.
People also ask
What is axis long term equity fund regular growth?
Is axis long term equity fund a good ELSS fund?
Is axis long term equity fund better than PPF?
What is axis mutual fund?
Axis Long Term Equity Fund Regular Growth is a tax saving ELSS scheme by Axis Mutual Fund. It has a high risk profile and a long term investment horizon, with a CAGR return of 16.47% since inception.
