AXIS LONG TERM EQUITY FUND*

(An Open-Ended Equity Linked Savings Scheme With A Statutory Lock In Of 3 Years And Tax Benefit)
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NOVEMBER 2023
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The investment objective of the scheme is to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities. Howerver, there can be no assurance that the investment of the scheme will be achieved.

DATE OF ALLOTMENT 29th December 2009
MONTHLY AVERAGE32,128.32Cr.
AS ON 30th November, 202333,088.41Cr.
BENCHMARK Nifty 500 TRI
STATISTICAL MEASURES(3 YEARS)
Standard Deviation7.98%
Beta0.96
Sharpe Ratio**0.49
**Risk-free rate assumed to be 6.9% (MIBOR as on 30-11-2023) - Source: www.fimmda.org
Please note that as per AMFI guidelines for factsheet, the ratios are calculated based on Daily rolling returns (absolute) for last 3 years. Data as on 30th November 2023.
PORTFOLIO TURNOVER (1 YEAR) 0.19 times
Source: ACEMF
FUND MANAGER
Mr. Shreyash Devalkar
  Work experience: 19 years.He has been managing this fund since 4th August 2023
Mr. Ashish Naik
  Work experience: 15 years.He has been managing this fund since 3rd August 2023

Past performance may or may not be sustained in future.Different plans have different expense structure. Shreyash Devalkar is managing the scheme since 4th August 2023 and he manages 16 schemes of Axis Mutual Fund & Ashish Naik is managing the scheme since 3rd August 2023 and he manages 16 schemes of Axis Mutual Fund . Please refer to annexure for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). Face Value per unit : ₹ 10.


Regular Plan

Pursuant to payment of Distribution (of Income & Capital), the NAV of the above stated IDCW options of the scheme/plan would fall to the extent of payout and statutory levy, if any. Past performance may or may not be sustained in future. Face value of units is ₹ 10. IDCW means Income Distribution cum Capital Withdrawal.


Entry Load : NA
Exit Load : NIL



*With effect from Dec 08, 2023, the name of the fund has been changed to Axis ELSS Tax Saver Fund

Please click here for NAV, TER, Riskometer & Statutory Details.