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Introduction to the Fund

Axis Mutual Fund is one of the financial services arms of Axis Bank, one of India’s top financial institutions. Axis Mutual Fund was incorporated in January 2009 and the first scheme was launched in the same year. The fund has presence in over 90 cities across the country and is amongst the fastest growing Asset Management Companies. There are close to 53 schemes being offered by the mutual fund. Axis Mutual Fund has an average AUM of Rs. 8,767,848.13 lakh as on 30th September 2018.


Equity funds are a type of mutual funds that invest only in stocks. These stocks are publicly traded and hence are less risky in nature. An investor can invest his money into an equity fund and buy ownership in businesses. Axis Mutual Fund offers different types of Equity Funds to suit various investment needs.

  • Axis Blue-chip Fund
  • Axis Focused 25 Fund
  • Axis Midcap Fund
  • Axis Long Term Equity Fund
  • Axis Multicap Fund
  • Axis Small Cap Fund
  • Axis Growth Opportunities Fund

Axis Long Term Equity Fund is aimed at generating long term income and capital appreciation from a diversified portfolio of equity and equity-related securities. This is an open-ended type of equity scheme with a lock in period of 3 years and tax benefit. The investment is treated as a moderately high-risk level.

Some of the major benefits of Axis Long Term Equity Fund are:

  • It is diversified equity linked savings scheme. This means the risk is spread across a mix of large midcaps and select midcaps, thereby reducing the overall risk for the investor
  • Tax benefits under section 80C can be availed on this scheme
  • The 3-year lock-in period is the amongst the lowest in the segment
  • The lock-in period ensures that the investment stays in equity without getting affected by market fluctuations
  • One can look at increasing wealth and save on tax through this scheme.
  • Overall, Equity schemes beat inflation and secures long term wealth generation.
  • Investing in Equity schemes can be used for life goals such as children’s education, marriage, retirement etc.
  • There is no entry or exit load on this type of mutual Fund
Allotment date of the fund29th December 2009
ObjectiveLong-term Capital appreciation and tax benefits under Section 80C
Ideal forLong-term financial goals like children’s education, marriage, retirement, overseas travel etc.
AUM

Average Monthly – Rs. 17, 652.17 cr.

As on 31st December 2018 – Rs. 17,852.25 cr.

BenchmarkS&P BSE 200
Statistical Measures (3 years)

Standard Deviation – 14.42%

Beta – 0.93

Sharpe Ratio – 0.36

Minimum SIPRs.500
Entry LoadNot Applicable
Exit LoadNIL
RiskometerModerately High
Portfolio Turnover0.62 times (1 year)
SchemesDividend and Growth types

The returns over the year of this fund are:

     Current Value of Rs 10,000 invested
DatePeriodSchemeS&P BSE 200Nifty 50SchemeS&P BSE 200Nifty 50
  Returns (%)(Benchmark)(Additional Benchmark)(Rs)(Benchmark)(Additional Benchmark)
   Returns (%)Returns (%) (Rs)(Rs)
Axis Long Term Equity Fund - REGULAR - Growth       
29-Dec-17Last 1 Year2.65%0.81%4.61%10,26510,08110,461
31-Dec-15Last 3 Year11.89%12.75%12.47%14,01314,33814,230
31-Dec-13Last 5 Year19.95%14.48%12.89%24,84719,67118,342
Since Inception (29 Dec 2009) 17.54%10.35%9.88%42,89724,29823,366
Axis Long Term Equity Fund - DIRECT - Growth       
29-Dec-17Last 1 Year3.71%0.81%4.61%10,37110,08110,461
31-Dec-15Last 3 Year13.11%12.75%12.47%14,47514,33814,230
31-Dec-13Last 5 Year21.38%14.48%12.89%26,36519,67118,342
Since Inception (01 Jan 2013) 20.63%12.87%11.94%30,80720,67619,670

It is important to note here that past performance may or may not continue in future. This needs to be tracked on a regular basis with the mutual fund team. The calculations are based on Growth Option NAV.

SIP Performance

SIP InvestmentsSince Inception SIP5 Year3 Year1 Year
Total Amount InvestedRs 10,80,000Rs. 6,00,000Rs. 3,60,000Rs. 1,20,000
Market Value (As on 31-12-2018)Rs 24,55,658Rs 8,37,807Rs 4,29,098Rs 1,20,890
Returns (Annualised)17.55%13.32%11.74%1.38%
Benchmark Returns (Annualised)12.09%11.32%11.16%0.83%
Additional Benchmark Returns (Annualised)11.26%10.67%11.67%2.97%

Dividends

  Regular PlanDirect Plan
OptionsRecord DateDividend (Rs Per Unit) NAV NAV Dividend (Rs Per Unit) NAV NAV 
  Individuals/ HUF OthersPer Unit Per Unit Individuals/ HUF OthersPer Unit Per Unit 
   (Cum Dividend)(Ex Dividend) (Cum Dividend)(Ex Dividend)
DividendMar 22,20182.502.5023.0520.551.501.5035.6834.18
DividendJan 31,20172.232.2321.1718.94----
DividendJan 25,20162.252.2521.2218.97----
DividendJan 22,20152.002.0024.2922.29----

The top 10 Issuers and Top 5 Performers contributing to the Axis Long Term Equity Fund portfolio are:

Top 10 IssuersNet Assets (%)
HDFC Bank Limited8.66
Tata Consultancy Services Limited7.88
Kotak Mahindra Bank Limited6.61
Bajaj Finance Limited6.35
Pidilite Industries Limited6.35
Housing Development Finance Corporation Limited5.41
Maruti Suzuki India Limited5.28
Avenue Supermarts Limited4.55
Gruh Finance Limited4.29
Bandhan Bank Limited3.88
Top 5 SectorsNet Assets (%)
Financial Services39.93
Automobile15.36
Consumer Goods11.53
IT10.56
Chemicals6.35

The NAV (Net Asset Value) of Axis Long Term Equity Fund is the total market value of all shares held in the Mutual Fund Portfolio. It shows the book value of the investment. This includes cash, liabilities divided by total number of units outstanding. The NAV of the Axis Long Term Equity Fund as on 31st December 2018 is:

OptionNAV
Dividend 22.3743
Growth 42.8968
Direct Plan - Dividend 37.4975
Direct Plan - Growth 45.9487

Investing in Axis Long Term Equity Fund is very convenient and simple. There are mainly two ways of doing this:

Online:

One can invest through Internet Banking or Axis Mobile App option available to the Axis Bank customers. Just click on the ‘Mutual Fund’ option under ‘Investments’ and fill up the one-time registration form to complete the process.

Offline:

All Axis Bank branches help in investing in mutual fund. The bank representative can be consulted for choosing the best scheme that suits your needs and a form with required instructions to transfer funds can be submitted.


  • Passport Size Photograph
  • Proof of identity such as a copy of PAN card. Aadhaar, Passport or voter ID or driving licence
  • Proof of address passport or driving license or ration card or registered lease/sale of residence or latest bank A/C statement or passbook or latest telephone bill (only landline) or latest electricity bill or latest gas bill, which are not older than three months.
  • Duly filled KYC Application

1. What is AUM?

Assets Under Management (AUM) refers to the market value of investments managed by a mutual fund.

2. What is benchmark in a mutual fund?

This is primarily to measure the performance a Fund against a standard. A group of securities usually called as market index is used as measurement of performance for investments. Typically benchmarks like Nifty, Sensex, BSE200, BSE500 are used.

3. How can I calculate my returns on mutual fund?

There are 2 ways of calculating returns on mutual fund – Absolute returns and annualize d returns.

4. What is Systematic Transfer Plan (SIP)?

It is an investment facility wherein a lump sum amount is invested in one scheme and thereafter regularly invests a pre-defined amount in another scheme. The date of investment and schemes can be chosen by the individual.

5. What is a folio number?

It is similar to bank account number which shows the investments in various schemes in mutual funds. An individual can have many folios. It helps in keeping a track of the investments.

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