How do I invest in Axis Long Term Equity?
You can invest in Axis Long Term Equity Fund through SIP Systematic Investment Plan or SIP is a systematic approach which might inculcate the discipline of saving regularly.
Is it good to invest in Axis Long Term Equity Fund?
Axis Long Term Equity Fund is a top performers in the ELSS category. You can invest Rs 30,000 in a lumpsum, since you have a very long–term investment horizon. You can also consider investing the money in a good performing multi cap scheme. We are assuming that you have a moderate risk profile.
How does Axis Long Term Equity Fund work?
Axis Long Term Equity Fund has a lock-in period of three years which is the lowest amongst all other tax saving alternatives available in India. It helps you to claim a tax deduction of up to Rs. 1.5 lakhs under Section 80C from your Gross Total Income and enables saving taxes up to Rs. 46,800.
Which is better Axis Bluechip fund or Axis Long Term Equity Fund?
Axis Bluechip Fund is a Equity – Large Cap fund was launched on 5 Jan 10. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 13.2% since its launch. Ranked 58 in Large Cap category.
Returns for Axis Bluechip Fund.
| Duration | Returns |
|---|---|
| 1 Year | 48.2% |
| 3 Year | 15.3% |
| 5 Year | 16.1% |
| 10 Year |
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6 days ago
Is Axis Bluechip fund good?
Axis Bluechip Fund has been a good investment option for its investors over years. The fund continues to be one of the best funds in the large cap category across different parameters despite its recent under-performance compared to its peers.
Is Axis Bluechip fund safe?
The NAV (Net Asset Value) of this large cap equity as of 2021-06-01 is ₹ 40.92. The total AUM (Asset Under Management) of the fund as of 2021-06-02 is ₹ 25183.238. The category risk of the Axis Bluechip Fund (G) fund is Very High Risk.
Is Axis Bluechip fund tax free?
Axis Long Term Equity Fund is an open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit. 1.5 lakhs (along with other prescribed investments) under section 80C of the Income Tax Act, 1961.
Is Axis Bluechip fund good for long term?
Axis Bluechip is suitable for long term investment goals: A lot of time, young investors overlook at long term investment goals like retirement planning or accumulating a corpus for their children’s higher education. That is because we like to live in the present and hence do not worry about the future.
Is there any lock in period for Axis Bluechip fund?
Minimum Lumpsum Investment is 5000. For units in excess of 10% of the investment,1% will be charged for redemption within 12 months.
How can I earn 50 lakhs in 15 years?
Assuming an annual return of 12 per cent, your monthly investments of Rs 2,000 would help you to create a corpus of around Rs 10 lakh in 15 years. You must increase your monthly investment every year in line with your salary increase.
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- Ask ET Mutual Funds.
- mutual fund.
- Multicap schemes.
- ELSS.
- risk.
Is Axis multicap fund good?
Axis Multicap is indeed an inviting prospect. A good fund manager with an impressive dossier, a low expense ratio for the direct plan (although possibly temporary) and good performance in its short history. The main problem is the possibility of rapid AUM growth thanks to banking channels.
Which SIP is best for 5 years?
Best SIP Plans for 5 Years in Equity Funds
- Axis Bluechip Fund Monthly SIP Plan. This is an open-ended equity scheme with a track record of outperformance.
- ICICI Prudential Blue chip Fund.
- SBI Blue chip Fund.
- Mirae Asset Large Cap Fund.
- SBI Multicap Fund.
Is SIP better than FD?
Systematic Investment Plan is a better investment option in comparison to Fixed Deposit especially if you consider the flexibility of investment, advantage of diversification, tax benefits, and higher returns. That is why it is better to invest in a systematic investment plan than in fixed deposit.