Axis Long Term Equity Fund: Monitor performance over coming 6-12 months
ET Bureau|
Mar 20, 2017, 06.30 AM IST
ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
Axis Long Term Equity Fund
HOW HAS THE FUND PERFORMED?
With a 7-year return of 18.03%, the fund has outperformed the category average (12.56%) and the benchmark return (8.95%) by a huge margin.
Growth of Rs 10,000 vis-a-vis category and benchmark
Annualised performance (%)
Yearly performance (%)
BASIC FACTS
DATE OF LAUNCH: 29 Dec 2009
CATEGORY: Equity
TYPE: Tax Planning
AVERAGE AUM: Rs 11,490.74 cr
BENCHMARK: S&P BSE 200 Index
WHAT IT COSTS
NAVS (As on 16 Mar 2017)
GROWTH OPTION: Rs 34.02
DIVIDEND OPTION: Rs 19.90
MINIMUM INVESTMENT: Rs 500
MINIMUM SIP AMOUNT: Rs 500
EXPENSE RATIO (As on 30 Sep 2016): 2.50%
EXIT LOAD: 0% for redemption within 365 days
FUND MANAGER
Jinesh Gopani
TENURE: 5 YEARS AND 10 MONTHS
Education: B. Com (H) and MMS
WHERE DOES THE FUND INVEST?
HOW RISKY IS IT?
SHOULD YOU BUY?
After scorching performance charts for many years, this fund has seen a blip in its return profile recently, even as it attracted huge inflows during this period. The fund manager continues with the same proven approach focusing on quality stocks with scalable business models and has strictly avoided beta-driven plays—picking stocks that move higher, in either direction, in relation to the market—which have been preferred by the market of late.
He continues to run a concentrated portfolio, even with a larger corpus. The only change in the portfolio is the higher tilt towards large caps, taking cognizance of higher valuations in mid-caps. Investors should avoid exiting the fund on its recent performance and monitor its performance over the next 6-12 months.
Axis Long Term Equity Fund
HOW HAS THE FUND PERFORMED?
With a 7-year return of 18.03%, the fund has outperformed the category average (12.56%) and the benchmark return (8.95%) by a huge margin.
Growth of Rs 10,000 vis-a-vis category and benchmark
Annualised performance (%)
Yearly performance (%)
BASIC FACTS
DATE OF LAUNCH: 29 Dec 2009
CATEGORY: Equity
TYPE: Tax Planning
AVERAGE AUM: Rs 11,490.74 cr
BENCHMARK: S&P BSE 200 Index
WHAT IT COSTS
NAVS (As on 16 Mar 2017)
GROWTH OPTION: Rs 34.02
DIVIDEND OPTION: Rs 19.90
MINIMUM INVESTMENT: Rs 500
MINIMUM SIP AMOUNT: Rs 500
EXPENSE RATIO (As on 30 Sep 2016): 2.50%
EXIT LOAD: 0% for redemption within 365 days
FUND MANAGER
Jinesh Gopani
TENURE: 5 YEARS AND 10 MONTHS
Education: B. Com (H) and MMS
WHERE DOES THE FUND INVEST?
HOW RISKY IS IT?
SHOULD YOU BUY?
After scorching performance charts for many years, this fund has seen a blip in its return profile recently, even as it attracted huge inflows during this period. The fund manager continues with the same proven approach focusing on quality stocks with scalable business models and has strictly avoided beta-driven plays—picking stocks that move higher, in either direction, in relation to the market—which have been preferred by the market of late.
He continues to run a concentrated portfolio, even with a larger corpus. The only change in the portfolio is the higher tilt towards large caps, taking cognizance of higher valuations in mid-caps. Investors should avoid exiting the fund on its recent performance and monitor its performance over the next 6-12 months.